Retirement Reality Podcast

Emergency Fund

The Three Investment Rules

Accumulation vs Distribution

60/40 Risk

Tax Implications for Rollovers

401(k)

Great Side Gig Ideas for Retirees

For some people, the idea of retiring and then getting another job is detestable. For others, they can’t sit still and have to go find some other job. In this show, we discuss the benefits of taking on side gigs during retirement and explore five practical ideas that can help retirees stay engaged and financially secure. Here’s what we discuss in this episode: 0:00 - Intro 1:52 – Consulting 2:43 – Teaching 3:48 – Selling Items Online 5:30 – Pet Sitting 7:03 – Retail 8:40 – How it impacts planning Our website: https://principalpreservationservices.com/ Phone: (855) 987-8888 Contact our team: https://principalpreservationservices.com/wisconsin-minnesota-financial-services/ Get your exclusive first chapter of Mike’s books: https://principalpreservationservices.com/books/ Check out our downloadable guides: https://principalpreservationservices.com/useful-financial-guides/ Check us out on YouTube: https://www.youtube.com/channel/UCJ6RRiWvkInUm_E3lg38T2g

The Five Love Languages of Financial Planning

The five love languages were made popular by author Gary Chapman. If you’re not familiar with them, they include acts of service, quality time, words of affirmation, gifts, and physical touch. In the spirit of the month of love, let’s take a look at how you may encounter the love languages when it comes to financial planning. Here’s what we discuss in this episode: 0:00 - Intro 1:22 – Acts of Service 2:55 – Quality Time 4:16 – Words of Affirmation 5:33 – Gifts 7:19 – Physical Touch Our website: https://principalpreservationservices.com/ Phone: (855) 987-8888 Contact our team: https://principalpreservationservices.com/wisconsin-minnesota-financial-services/ Get your exclusive first chapter of Mike’s books: https://principalpreservationservices.com/books/ Check out our downloadable guides: https://principalpreservationservices.com/useful-financial-guides/ Check us out on YouTube: https://www.youtube.com/channel/UCJ6RRiWvkInUm_E3lg38T2g

Do Smart Investors Really Need a Financial Advisor?

If you’ve spent years successfully managing your own investments, do you really need a financial advisor? That’s the question Bob, one of our listeners, sent in. He’s got an MBA, knows the markets well, and has always handled his portfolio solo. So, is working with an advisor just an extra expense, or could it actually add real value? In this episode, we break down when and why even experienced investors might benefit from professional guidance and when they’re probably fine on their own. Here’s what we discuss in this episode: 0:00 - Intro 1:23 – Today’s question 3:01 – How advisors provide value 4:18 – Financial blindspots 6:24 – Help managing a portfolio 8:43 – Why you work with an advisor Our website: https://principalpreservationservices.com/ Phone: (855) 987-8888 Contact our team: https://principalpreservationservices.com/wisconsin-minnesota-financial-services/ Get your exclusive first chapter of Mike’s books: https://principalpreservationservices.com/books/ Check out our downloadable guides: https://principalpreservationservices.com/useful-financial-guides/ Check us out on YouTube: https://www.youtube.com/channel/UCJ6RRiWvkInUm_E3lg38T2g

Social Security Claiming Tips for Unique Situations

Social Security claiming strategies can vary greatly depending on family dynamics. This episode explores how different family situations, such as those with a stay-at-home spouse or a blended family, can impact when and how to claim Social Security benefits to maximize your retirement income. Here’s what we discuss in this episode: 0:00 - Intro 1:26 – Single-income households 3:53 – Coordinating claiming strategies 6:39 – Blended families 9:33 – Disabled family members 11:09 – Mike’s advice for claiming Our website: https://principalpreservationservices.com/ Phone: (855) 987-8888 Contact our team: https://principalpreservationservices.com/wisconsin-minnesota-financial-services/ Get your exclusive first chapter of Mike’s books: https://principalpreservationservices.com/books/ Check out our downloadable guides: https://principalpreservationservices.com/useful-financial-guides/ Check us out on YouTube: https://www.youtube.com/channel/UCJ6RRiWvkInUm_E3lg38T2g