Retirement Readiness Podcast

Hosted by Tim Regan

Business Investing

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Sep 2024

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About the show

Retirement readiness is a phrase that can be defined differently by everyone, but we believe that it involves the idea of living with purpose. If you’ve ever wondered if it’s possible to find purpose in retirement, this show is for you. Please see https://prairieviewwealthpartners.com/disclosures/ for important disclosures.

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56 recent

September 9, 202427 min

Financial Planning Needs for Different Clients | Retirement Readiness, Episode 55

This week, we're diving into a question many people ask themselves: Do I really need a financial advisor – and if so, what should that relationship look like through the different phases of life?Often, your financial needs evolve through different stages of life – from early career to family life, pre-retirement, and into retirement. Hosts Tim Regan and Katie Umland explain why it’s crucial to find a financial advisor who specializes in where you’re at right now, whether it’s managing student loans and setting up your first 401(k), or navigating stock options and estate planning later in life.“Get to the person that says, ‘You're exactly who I serve, this is my specialty, and this is where I can serve you well,’” Tim says.Plus, hear about PrairieView Wealth’s exciting new digital tools designed specifically for young professionals to jumpstart their financial planning in a modern, interactive way. Click play to learn more, and be sure to check out our library of previous episodes!

August 26, 202419 min

Entrepreneurship in Retirement Success Stories | Retirement Readiness, Episode 54

Have you ever wondered what life could have been if you'd pursued a different career?Today, hosts Tim Regan and Katie Umland dive into the exciting possibilities of working after retirement or embarking on an entrepreneurial journey as a retiree. They share real success stories to help inspire your "second act” – from a previous client who became a global tour guide to an RV-lover who’s spending their retirement as a campground landlord.“A lot of times people get to that age where they're like, ‘I feel like it's time for me to stop doing what I'm doing – but am I retiring from something or am I retiring to something?’” Tim explains. Listen in to hear why starting a new business, franchising, consulting, or transitioning to a part-time role in your previous industry could help you stay sharp and fulfilled in your golden years, or check out our library of previous episodes!

August 12, 202427 min

Do You Need a Financial Advisor After Retiring? | Retirement Readiness, Episode 53

In this episode of the “Retirement Readiness” podcast, our hosts discuss the importance of having a financial advisor even after retirement, emphasizing that retirement is not an endpoint but an ongoing journey that requires guidance. With new complexities like tax planning and required minimum distributions, an advisor can help you take a whole-life approach to keep your goals and money on track. “Where we start to see the value in an advisor is in that forward-looking: Let's be really mindful and thoughtful about the Two Comma life you're trying to live, and how we can get the most out of your money to do it,” Tim explains. Tim and Katie also touch on the misconceptions surrounding retirement and how it's often not just about sitting back and relaxing but also embracing a new chapter filled with creativity, vibrancy, and abundance.Click play to learn more about the value of working with a financial advisor post-retirement, and browse our library of other podcast episodes to round out your retirement knowledge.

July 29, 202426 min

How Can I Become Independently Wealthy? | Retirement Readiness, Episode 52

Wondering how to become independently wealthy?In our latest episode of the “Retirement Readiness” podcast, hosts Tim Regan and Katie Umland dive into:What “independent wealth” truly meansHow building wealth and generating income are differentThe importance of creating specific goals, designing an intentional path to success, and planning for obstacles you’ll face along the waySometimes, those obstacles are deciding between your priorities, like answering work emails or making it to the Saturday morning softball game. It could also involve having tough conversations with your spouse, who may have a different vision of success in mind. Listen to the full episode to learn more tips and strategies you can use to achieve independent wealth and work toward your version of a Two Comma Life. And if you’re looking for more financial planning content, feel free to browse our library of previous episodes.

July 15, 202440 min

Retirement Readiness, Episode 51: The Financial Planning Journey

In today's episode of "Retirement Readiness," hosts Tim Regan and Katie Umland explore the evolving phases of financial planning across one's lifetime. They break down the journey into three key stages: establishing a career and financial foundation in your early yearsoptimizing wealth while your career flourishes and during the family-raising years strategic wealth management as you transition into retirementFrom starting 401k contributions to protecting assets and planning legacies, you’ll hear actionable “bullet point” tips for each stage (and some real-world examples from Tim and Katie themselves!).Click “play” to get started or explore our library of other “Retirement Readiness” episodes.

July 1, 202430 min

Retirement Readiness, Episode 50: Entrepreneurship in Retirement

Did you ever imagine retirement as a launchpad for your dream business? Still love the idea of being your own boss? One of the best parts of living a Two Comma life of abundance is the opportunity to design a lifestyle you love (even after you stop working).This episode of “Retirement Readiness” explores the exciting world of encore entrepreneurship – or building your own business as a senior. Learn how to leverage your experience, passions, and newfound freedom to launch a fulfilling business venture in your golden years.Tim and Katie discuss:Why retirement is the perfect time to become your own bossCreative business ideas for post-retireesFinancial considerations for entrepreneurs on Social SecurityHow to design your ideal retirement – with or without a businessTune in and discover how to turn your retirement into the most rewarding chapter of your life, and be sure to explore our library of other “Retirement Readiness” episodes.

June 17, 202426 min

Retirement Readiness, Episode 49: Living the Two Comma Life in Retirement

In this episode of the “Retirement Readiness” podcast, Tim and Katie explore the concept of cultivating a "millionaire mindset" focused on abundance, freedom, and living a life filled with purpose. Listen in to discover:Finding your calling and what brings you joyMaking small, consistent changes to achieve big resultsThe importance of breaking free from limitations outside of your fishbowlDesigning your own fulfilling retirement, regardless of net worthPlus, Tim and Katie offer practical tips and strategies to help you transition into a vibrant and meaningful retirement, encouraging you to live life to the fullest – with or without Two Commas in your bank account. Listen to the full episode to learn more about the Two Comma life and how to achieve it, or click here to explore our library of “Retirement Readiness” episodes.

June 3, 202430 min

Retirement Readiness, Episode 48: Retirement and Grandparenting

Dream of spending your retirement with grandkids? This episode of “Retirement Readiness” tackles how to balance that joy with smart financial planning. Tune in to: Learn how to invest strategically for their future with different tax-advantaged accounts, from 529s to custodial accounts. Discover why clear communication with your spouse, kids, and grandkids is key.Explore the importance of keeping your overall vision for your Two Comma life in focus while planning for the future.Consider how you can best support your loved ones, even if the outcome isn’t always necessarily “equal.”“If you take a minute and kind of step back and think about grandparenting and retirement intentionally, what do we want this relationship to look like? What do we want that lifestyle to look like?” host Tim Regan says. “I think you can get to a really happy place and kind of check all the boxes.”Listen to the full episode to learn more about retirement and grandparenting, or click here to explore our library of “Retirement Readiness” episodes.

May 20, 202427 min

Retirement Readiness, Episode 47: Navigating Cognitive Health in Retirement

Dive into the world of cognitive health in retirement with hosts Tim Regan and Katie Umland on this week's episode of the “Retirement Readiness” podcast! Even though we often think of cognitive decline in retirement as a given, it doesn’t necessarily have to be. Here’s what you need to know:Cognitive health is all about creating new connections and pathways within your brain. If you do the same things day in and day out, eventually it becomes second nature and your brain can fall into “autopilot” mode.To keep your brain feeling fresh, it’s important to expose yourself to new experiences and learning opportunities (like a new puzzle or book). The small, daily habits you add can make the biggest difference in the long-run!Mentorship is a great way to keep your mind motivated, stay engaged socially, and help another person reach their goals. Just like the muscles in your arms or legs, your brain is a “use it or lose it” muscle that needs daily exercise and stimulation to stay healthy. Listen to the full episode to learn more about cognitive health in retirement, or click here to explore our library of “Retirement Readiness” episodes.

May 6, 202426 min

Retirement Readiness, Episode 46: What is Longevity Planning?

In this week's episode of the “Retirement Readiness” podcast, hosts Tim Regan and Katie Umland discuss the importance of longevity planning leading up to your retirement. Longevity planning involves a holistic approach to not only your finances, but your health, mobility, relationships, and more. “When we talk about longevity, it really turns into: How do I make sure I have enough money? How do I make sure I have enough healthspan?” Tim explains.Of course, finances play a key role in that planning as well – and although it’s virtually impossible to predict exactly what your income and expenses will be, a financial advisor can help you craft a plan around ballpark numbers, and then fill in the blanks for “margin” expenses. Tune in to hear more about longevity planning from Tim and Katie, or browse our library of previous “Retirement Readiness” episodes.