Is a Roth Conversion Right for You?

Navigating an Abundant Retirement with Carol Dewey

Navigating an Abundant Retirement with Carol Dewey

1:14:43

Artificial intelligence is evolving at an unprecedented pace—what does that mean for the future of technology, venture capital, business, and even our understanding of ourselves? Award-winning journalist and writer Anil Ananthaswamy joins us for our latest episode to discuss his latest book Why Machines Learn: The Elegant Math Behind Modern AI . Anil helps us explore the journey and many breakthroughs that have propelled machine learning from simple perceptrons to the sophisticated algorithms shaping today’s AI revolution, powering GPT and other models. The discussion aims to demystify some of the underlying math that powers modern machine learning to help everyone grasp this technology impacting our lives, even if your last math class was in high school. Anil walks us through the power of scaling laws, the shift from training to inference optimization, and the debate among AI’s pioneers about the road to AGI—should we be concerned, or are we still missing key pieces of the puzzle? The conversation also delves into AI’s philosophical implications—could understanding how machines learn help us better understand ourselves? And what challenges remain before AI systems can truly operate with agency? If you enjoy this episode, please subscribe and leave us a review on your favorite podcast platform. Sign up for our newsletter at techsurgepodcast.com for exclusive insights and updates on upcoming TechSurge Live Summits. Links: Read Why Machines Learn, Anil’s latest book on the math behind AI https://www.amazon.com/Why-Machines-Learn-Elegant-Behind/dp/0593185749 Learn more about Anil Ananthaswamy’s work and writing https://anilananthaswamy.com/ Watch Anil Ananthaswamy’s TED Talk on AI and intelligence https://www.ted.com/speakers/anil_ananthaswamy Discover the MIT Knight Science Journalism Fellowship that shaped Anil’s AI research https://ksj.mit.edu/ Understand the Perceptron, the foundation of neural networks https://en.wikipedia.org/wiki/Perceptron Read about the Perceptron Convergence Theorem and its significance https://www.nature.com/articles/323533a0…

рік тому 21:32

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Don't miss this episode of "Navigating an Abundant Retirement" if you're looking to make informed decisions about Roth conversions and maximize the potential of your retirement savings. Tune in for expert advice and practical tips on securing a financially abundant retirement.

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Is a Roth Conversion Right for You?

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1
Protecting Your Legacy Amid Economic Uncertainty 10:31

2 дні тому10:31

10:31

📢 In this episode, we tackle one of the biggest concerns for retirees and soon-to-be retirees: How do you safeguard your wealth and legacy in a volatile economy? With inflation, market fluctuations, and potential tax law changes, estate planning is more important than ever. 🔑 Key Takeaways: ✅ Why Estate Planning Matters More Than Ever Inflation is eroding purchasing power—how can you ensure your wealth lasts? Avoid costly probate delays with smart estate planning strategies. ✅ Will vs. Trust: What’s Right for You? Wills must go through probate; trusts offer a smoother transition for your heirs. Case study: How Susan avoided legal hassles by setting up a revocable living trust. ✅ Minimizing Estate Taxes Reduce taxes with gifting, irrevocable trusts, and charitable contributions. Case study: How Mark’s strategy saved thousands in estate taxes while securing his legacy. ✅ Lessons from Famous Estate Planning Failures Prince & Aretha Franklin : What happens when estate planning goes wrong. 🎧 Listen Now 🔗 Check out Episode 1 Map to Economic independence 📞 Have questions? Call (877) 434-6243 or visit Perpetual Wealth Financial for a consultation. 💡 Don’t forget to subscribe, share, and leave a review!…

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Insulated from a Stock Market Retirement Lifestyle 12:48

22 weeks тому12:48

12:48

In this episode of Navigating Abundant Retirement Radio , host Carol Dewey explores the crucial topic of insulating your retirement from the unpredictable stock market. Through a compelling comparison of two retirees' lifestyles, Carol illustrates how a meticulously planned retirement lifestyle and legacy can provide peace of mind, financial security, and a lasting impact. She emphasizes the importance of predictable, tax-free income and offers strategies to create a retirement plan that remains unaffected by market fluctuations. Key Takeaways: Retirement shouldn’t be tied to the ups and downs of the stock market. A well-designed retirement plan includes predictable, tax-free, and rising income. It’s essential to consider both lifestyle and legacy when planning for retirement. John D. Rockefeller’s legacy serves as an inspiring example of how values, planning, and generosity can leave an indelible mark for generations. Retirement planning should focus on control, freedom, and ensuring your values are reflected in your financial and legacy plans. Quotes: "Retire from worry, fear, and stress to peace of mind, security, and confidence." – Carol Dewey "It's not just your retirement, it's your legacy." – Carol Dewey "Rockefeller's legacy is not just money, but values passed on to the subsequent generations." – Carol Dewey Timestamps: (00:17) – The story of two retirees: Tied to the market vs. insulated from the market (02:20) – The impact of a stock market retirement lifestyle on everyday living (03:42) – The key elements of a strong retirement lifestyle plan (04:58) – Introduction to legacy planning (06:22) – John D. Rockefeller’s legacy and principles for success (07:33) – 10 key principles from Rockefeller's essays (08:48) – Charting your own legacy plan based on personal values (10:09) – Carol’s advice on taking control of your retirement Referenced Links: Perpetual Wealth Financial Reach out via phone: (877) 434-6243 Email: carol@perpetualwealthfinancial.com Please leave us a rating and a review on Apple Podcast. Connect With Carol: www.perpetualwealthfinancial.com LinkedIn…

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Flexible Protection for a Healthy Retirement 18:39

24 weeks тому18:39

18:39

Episode Summary: In this episode of Navigating an Abundant Retirement Radio, Carol dives into the importance of long-term care planning and flexible protection for a healthy retirement. She outlines common challenges retirees face and discusses strategies to ensure financial security without becoming a burden on family members. Key Takeaways: - Long-term care is a critical aspect of retirement planning, and Medicare generally does not cover these expenses. - Flexible protection for a healthy retirement focuses on three key elements: protecting your family, your choices, and your financial assets. - Hybrid insurance policies offer an alternative to traditional long-term care insurance, providing flexibility and additional coverage. - A proactive conversation with family members about healthcare directives and long-term care options is essential. Quotes: - "You want to continue deciding where you live and what kind of care you receive as you get older." - "It's more than a maybe that you'll need some kind of care—it's a probably." - "Retirement success often comes down to creating as many options as possible." Timestamps: - (03:39) The importance of flexible protection - (07:08) Long-term care insurance and ADLs - (10:23) Home healthcare vs. nursing home care - (14:51) Hybrid policies and underwriting process - (16:54) Final thoughts on flexible protection Please leave us a rating and a review on Apple Podcast. Connect With Carol: - www.perpetualwealthfinancial.com - LinkedIn…

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Your Retirement Success Depends On Not Confusing These TWO CRITICAL Concepts 16:56

27 weeks тому16:56

16:56

Episode Summary: In this episode of Navigating an Abundant Retirement Radio , Carol Dewey discusses the critical differences between controllability and responsibility in retirement. She explores how the modern retiree must navigate the shift from government and employer-sponsored retirement models to a more personalized responsibility for retirement security. Carol introduces the concept of being "Wealth Safe" (SAFE) and "Mindset Sane" (SANE) while sharing tips on controlling the elements you can to achieve peace, freedom, and confidence in your retirement. Key Takeaways: The historical evolution of retirement responsibility—from government and employer dependency to individual control. The importance of separating controllable and uncontrollable factors in retirement planning. A "Wealth Safe" (SAFE) plan focuses on protecting your finances from erosion, while a "Mindset Sane" (SANE) approach shields against negative exposure. Retiring on your terms requires custom, comprehensive, and cohesive retirement strategies. The 21-point Wealth and Lifestyle Assessment can help retirees identify gaps in their retirement plans and make informed decisions to enhance their lifestyle. Quotes: "Retiring on your terms means you retire from a life on others' terms to a life on your terms." "To retire on your terms and fully enjoy peace, freedom, and confidence in retirement, we must separate the uncontrollables from the controllables." "Stay wealth safe, shielded against financial erosion, and mindset sane, shielded against negative exposure." Timestamps: (01:15) Responsibility in Retirement: A Historical Perspective (08:20) The Shift from Employer-Based Plans to Individual Responsibility (13:45) Defining Controllability: What You Can and Can’t Control (15:00) The 10 Uncontrollables That Cause Financial Erosion Referenced Links: Visit Carol Dewey’s website: www.perpetualwealthfinancial.com Please leave us a rating and a review on Apple Podcast. Connect With Carol: LinkedIn…

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Taxes May Soon Rise - Here's What to Do 18:34

29 weeks тому18:34

18:34

Episode Summary: In this episode of Navigating Abundant Retirement Radio, Carol Dewey from Perpetual Wealth Financial dives into the implications of the Tax Cuts and Jobs Act of 2017 and its potential expiration at the end of 2025. Carol discusses the major tax changes introduced by the Act, including adjustments to tax brackets, the standard deduction, and estate tax exemptions. She also explores strategies for managing retirement withdrawals, including tax considerations and charitable donations from IRAs. Listeners are encouraged to consult with financial professionals to tailor strategies to their individual needs. Key Takeaways: The Tax Cuts and Jobs Act of 2017 introduced significant tax changes, some of which are temporary and set to expire at the end of 2025. Tax rates and deductions may revert to pre-2018 levels if Congress does not act to extend or modify the legislation. Effective retirement withdrawal strategies can help manage tax implications, including avoiding early withdrawal penalties and considering Roth IRA conversions. Charitable donations from IRAs can be a tax-efficient way to meet Required Minimum Distributions (RMDs) and support charitable causes. Quotes: "If you're in one of those brackets, your taxes will go up at the end of 2025 unless Congress takes additional measures." "You should closely monitor how Congress handles the legislation in the months before its possible expiration and review your financial strategy with your financial services professional." "Dedicating a portion of your retirement savings to an after-tax Roth IRA may help supply you with tax-free investment growth and tax-free withdrawals during your retirement." Timestamps: (00:17) Overview of the Tax Cuts and Jobs Act of 2017 (01:28) Detailed discussion on tax rate changes and deductions (04:11) Impact on the Affordable Care Act and estate taxes (05:23) Hypothetical scenarios and the importance of monitoring legislation (06:37) Tax strategies for retirement withdrawals (07:45) Early withdrawal penalties and RMDs (10:01) RMD age changes and tax strategies (11:14) Charitable donations and Roth IRAs (13:21) Further tax-saving strategies (14:17) Risks and considerations for Roth accounts (15:23) Investment tax considerations and charitable donations Referenced Links: Tax Cuts and Jobs Act - Investopedia How to Pay Less Tax on Retirement Account Withdrawals - US News How to Donate to Charity from Your IRA - US News Please leave us a rating and a review on Apple Podcast. Connect With Carol: Website LinkedIn…

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World's Richest Man (And Superstar Investor) Changed His Mind 11:45

31 weeks тому11:45

11:45

Episode Summary: In this episode of Navigating Abundant Retirement Radio, host Carol Dewey delves into the importance of having a comprehensive, integrated wealth plan that evolves with changing circumstances and tax laws. She highlights the necessity of regular updates and strategic planning to maintain and grow wealth, sharing insights from Warren Buffet's wealth management philosophy. Carol also recounts the story of Hedy Lamar, an actress and inventor, to illustrate the critical difference between making money and securing a lifetime income. Key Takeaways: Wealth Planning : A one-size-fits-all approach to wealth planning is ineffective. Regular updates and a deep understanding of individual needs are crucial. Warren Buffet's Rules : Warren Buffet's two rules of wealth management are foundational: "Don't lose money" and "Don't forget rule number one." Importance of Preparation : Proper wealth management requires not just building wealth but also having a strategy to maintain and grow it. Historical Insights : The story of Hedy Lamar underscores the necessity of planning for long-term financial security. Comprehensive Financial Advice : Many clients do not receive truly comprehensive financial advice, which is essential for a secure retirement. Quotes: "There is no one-size-fits-all wealth plan." "Rule number one: Don't lose money. Rule number two: Don't forget rule number one." "Getting wealthy and staying wealthy are two totally different challenges." "Having lots of money is totally different than having a plan to secure your lifestyle for a lifetime." "Don't be scared, be prepared." Timestamps: 01:24 - Warren Buffet's wealth management philosophy 02:34 - The importance of updating wealth plans 03:44 - Comprehensive financial advice vs. second opinions 04:50 - Story of Hedy Lamar and financial planning 06:07 - Historical anecdote about radar detection at Pearl Harbor 08:30 - Importance of a custom integrated comprehensive wealth plan 09:51 - Invitation for a 21-point retirement lifestyle assessment Referenced Links: Perpetual Wealth Financial Please leave us a rating and a review on Apple Podcast. Connect With Carol: Website LinkedIn…

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Harnessing the Power of Social Security 20:29

33 weeks тому20:29

20:29

Episode Summary: In this episode of Navigating an Abundant Retirement Radio, Carol Dewey delves into the intricacies of maximizing your Social Security benefits. She covers essential strategies and key elements to help you harness the power of Social Security, ensuring a more financially secure retirement. Carol also explores spousal, ex-spousal, and survivor benefits, as well as the impact of working during retirement and potential future changes to the Social Security program. Key Takeaways: Maximizing Social Security Benefits : Strategies to maximize your Social Security benefits by understanding the system, working longer, and delaying filing. Spousal and Ex-Spousal Benefits : Eligibility and benefits available for spouses, ex-spouses, and widows/widowers. Working During Retirement : The impact of working while receiving Social Security benefits and how it affects your payments. Future of Social Security : Potential changes and the importance of preparing for a possible reduction in benefits. Quotes: "Harnessing the power of Social Security means fully preparing yourself for retirement." "Be your own best advocate and know your worth." "Retirement is your reward for decades of hard work, careful planning, and financial discipline." Timestamps: (01:23) Importance of Social Security in Retirement (02:28) Elements of Harnessing the Power of Social Security (04:45) Full Retirement Age and Benefits (07:09) Spousal, Ex-Spousal, and Survivor Benefits (11:19) Working During Retirement and Social Security Taxation (13:06) Future of Social Security and Potential Changes Referenced Links: Perpetual Wealth Financial Please leave us a rating and a review on Apple Podcast. Connect With Carol: Website : Perpetual Wealth Financial LinkedIn : Carol Dewey…

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Achilles' Choice...And #1 Key to Successful Retirement 14:40

35 weeks тому14:40

14:40

Episode Summary: In this episode of Navigating an Abundant Retirement Radio, Carol Dewey discusses the concept of "Achilles choice" and reveals the number one key to a successful retirement. She emphasizes the importance of having a clear vision of the life you want to live in retirement and the legacy you want to leave. Carol shares insights on regret minimization, the significance of having a well-defined retirement plan, and the pitfalls of relying on generic financial advice. Key Takeaways: Achilles Choice: The importance of making conscious life choices that align with your desired legacy. Regret Minimization: Using Jeff Bezos' regret minimization framework to make life decisions. Clear Vision: The necessity of having a detailed picture of your retirement goals, including the lifestyle and legacy you want. Custom Planning: The drawbacks of one-size-fits-all financial products and the benefits of custom, comprehensive planning. Eisenhower Matrix: Prioritizing activities that matter most for a fulfilling retirement. Retirement Transformation: Transitioning from the old way of life to a new, abundant way of life in retirement. Comprehensive Planning: The importance of managing side effects and tactical interactions in critical retirement areas. 21-Point Assessment: The value of a thorough assessment to identify and address potential obstacles to your dream retirement. Quotes: "At the end of my life, will I regret not having done this?" - Carol Dewey "Wealth is the ability to fully experience life." - Henry David Thoreau "If it's not important to you, it won't be important to me." - Carol Dewey Timestamps: (01:18) Discussion on Achilles choice and the number one key to a successful retirement (02:26) Jeff Bezos' regret minimization framework (03:34) Matthew Emmons' Olympic story and the importance of having a clear bullseye (04:43) Issues with generic retirement planning (07:05) The importance of rigorous assessment of your financial plan (08:42) Transitioning to an abundant retirement lifestyle (09:53) Three critical components of a retirement plan: Vision, Priorities, Goals (12:19) Overview of the 21-point retirement lifestyle assessment Referenced Links: Perpetual Wealth Financial Please leave us a rating and a review on Apple Podcast. Connect With Carol: Website LinkedIn…

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Get Ready For Rainy Days 17:18

37 weeks тому17:18

17:18

Episode Summary: In this episode of Navigating an Abundant Retirement Radio, host Carol Dewey from Perpetual Wealth Financial discusses the importance of rainy day protection and how to prepare for unexpected financial challenges, particularly in retirement. She delves into strategies like long-term care insurance, emergency funds, and common financial mistakes to avoid. Key Takeaways: Rainy Day Protection : Preparing for financial challenges as you age, especially concerning healthcare and long-term care costs. Emergency Funds : Establishing an emergency fund for unexpected expenses like healthcare, home repairs, or helping family members. Long-term Care Insurance : Utilizing life insurance policies with long-term care benefits to provide flexibility and protection. Financial Mistakes to Avoid : Avoiding common pitfalls like unnecessary spending, relying too much on credit cards, and overextending on mortgages. Budgeting and Savings : Keeping track of spending, managing subscriptions, and living within your means to build financial resilience. Quotes: "You can't stop the rain, but you can stay dry." "If you never need the money, it will go to your kids or other named beneficiaries." "Opening your financial strategy umbrella so you don't get drenched by interest is some seriously good rainy day protection." "Building a good financial strategy has nothing to do with denying yourself the things that make life enjoyable. It's simply about balance." Timestamps: (01:26) Rainy Day Protection Explained (02:25) Importance of Emergency Funds (03:34) Uses for Emergency Funds (04:38) Life Insurance with Long-term Care Benefits (05:33) Avoiding Common Financial Mistakes (06:16) Spending on Non-essentials (08:18) Managing Subscriptions and Memberships (09:09) Smart Use of Credit Cards (10:03) Buying Gently Used Vehicles (10:59) Right-sizing Your Home Purchase (12:48) Home Equity and Refinancing (13:50) Avoiding Living Paycheck to Paycheck (15:18) Effective Budgeting and Saving Referenced Links: Perpetual Wealth Financial Please leave us a rating and a review on Apple Podcast. Connect With Carol: Perpetual Wealth Financial LinkedIn…

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The Final 3 Wealth Myths and Sage Advice from Socrates 19:59

40 weeks тому19:59

19:59

Episode Summary: In this episode of Navigating an Abundant Retirement Radio, Carol Dewey continues the discussion on the 12 little-known wealth myths, focusing on the final three myths and offering valuable insights and advice. Carol shares the inspiring story of Jim Rohn and his journey from losing his fortune to rebuilding it, emphasizing the importance of strategic planning and seeking smart advice for a well-designed retirement. Key Takeaways: Jim Rohn's journey highlights the importance of recovering from financial setbacks with professional advice and strategic planning. A well-designed retirement involves becoming the person you want to be, doing what you love, being with people you care about, making a difference, and insulating yourself from life's uncertainties. The search for a magic bullet solution is a myth; strategic planning and managing side effects and interactions are crucial. Media often misleads, and it’s important to be wary of advice that appeals to fear, greed, and envy. Misguided loyalty to advisors can be costly; upgrading advisors as your wealth grows is essential for comprehensive and strategic planning. Quotes: "We all have two choices. We can make a living or we can design a life." - Jim Rohn "Tactics without strategy is the noise before defeat." - Sun Tzu "Don't let your learning lead to knowledge or you'll become a fool. Let your learning lead to action and you can become wealthy." - Jim Rohn "Retirement should be a life of more than enough. It should be a time of abundance, peace, freedom, joy, making the difference you want to make." - Carol Dewey Timestamps: (03:56) Jim Rohn's lessons and quotes (05:03) The five pillars of a well-designed retirement (06:05) Wealth Myth #10: The Search for the Magic Bullet (10:07) Wealth Myth #11: The Media is Here to Help You Stay Wealthy (12:23) Wealth Myth #12: The Misguided Loyalty Myth (17:05) Offering the 21-point retirement lifestyle assessment Referenced Links: Perpetual Wealth Financial Connect With Carol: Website LinkedIn Please leave us a rating and a review on Apple Podcast.…

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These 3 Wealth Myths That You May Have Missed May Be The Costliest… 20:46

42 weeks тому20:46

20:46

In this episode of Navigating an Abundant Retirement, host Carol Dewey continues the discussion on the 12 little-known wealth myths. In part two, Carol explores myths seven through nine, shedding light on how these misconceptions can negatively impact retirement planning. She emphasizes the importance of understanding these myths to avoid costly mistakes and outlines a path to a 120% retirement lifestyle. Key Takeaways: Wealth Myth #7: The 80% reduced retirement lifestyle myth can lead to a life of lower standards if followed. Retirement should be about abundance, not reducing your lifestyle. Wealth Myth #8: The 401(k) binge myth encourages excessive or uncontrolled indulgence in 401(k) plans, potentially leading to higher taxes and lost capital gains benefits. Wealth Myth #9: The lower tax bracket later myth is based on the false assumption that you will always be in a lower tax bracket in retirement. Rising federal debt might lead to increased tax rates, impacting retirees' financial security. Quotes: "Retirement should be a life of more than enough. I believe you should retire 120%." "Every unnecessary dollar you surrender to the IRS needlessly is one less dollar you have for your lifestyle and your legacy." Timestamps: (01:27) - Discussion on myths and their implications on retirement (03:47) - The impact of new forces on retiree confidence (07:01) - Explaining the 120% retirement concept (08:16) - Importance of reliable and tax-free income for retirement (09:27) - The risks of a stock market-based retirement lifestyle (10:50) - The drawbacks of excessive reliance on 401(k) plans (12:16) - Discussing tax bracket assumptions and their impact on retirement planning (14:45) - Impact of federal government spending and potential tax rate increases (18:25) - Description of the 21-point retirement lifestyle assessment Referenced Links: For more information about the show, visit Navigating an Abundant Retirement Podcast. Give us a call at (877) 434-6243 or email Carol at carol@perpetualwealthfinancial.com to schedule your 21-point retirement lifestyle assessment. Connect With Carol Dewey: Website: Perpetual Wealth Financial LinkedIn: Carol Dewey on LinkedIn…

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12 Little-Known Wealth Myths 20:17

44 weeks тому20:17

20:17

In this episode of Navigating an Abundant Retirement Radio, Carol Dewey discusses the first six myths out of twelve that can affect your retirement planning. She explores common misconceptions about wealth and retirement, illustrating how these myths can impact your financial security and freedom. Carol shares personal stories and real-world examples to emphasize the importance of comprehensive planning for a successful retirement. Key Takeaways: Myth #1: "What Got You Here, Won't Get You There." Carol discusses the three wealth phases and emphasizes the need to adjust wealth plans as you move into retirement. Myth #2: "The Tax Code is Not Your Friend." Carol highlights how understanding the tax code can lead to significant tax reductions and even elimination. Myth #3: "Good Advice vs. Bad Advice." She shares a real-life story of how bad advice led to financial loss and family conflict, demonstrating the importance of having well-informed advisors. Myth #4: "The Financial Superstar Myth." Carol examines the unrealistic expectation that people should be experts in both their careers and wealth management. Myth #5: "The DIY or Semi-DIY Myth." She explains why acting as your own wealth advisor may not be the best approach, especially during retirement. Myth #6: "The Dear Occupant Gold Myth." Carol discusses the dangers of one-size-fits-all financial products and the need for customized wealth planning. Read more Quotes: "Wealth is more than money. It's what is valuable to you, what is worth fighting to protect, and what is worth passing on." "The tax code is a roadmap to tax reduction and tax elimination. It's full of gold mines for those with advisors trained to take advantage of every tax-saving opportunity." Timestamps: (00:16) Overview of the First Six Myths (01:17) Defining Wealth and Retirement (02:17) Myth #1: "What Got You Here, Won't Get You There" (05:41) Myth #2: "The Tax Code is Not Your Friend" (07:58) Myth #3: "Good Advice vs. Bad Advice" (11:08) Myth #4: "The Financial Superstar Myth" (14:07) Myth #5: "The DIY or Semi-DIY Myth" (15:17) Myth #6: "The Dear Occupant Gold Myth" Referenced Links: Please leave us a rating and a review on Apple Podcast. Connect With Carol: Perpetual Wealth Financial Website LinkedIn…

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What the 2024 Elections Means for Your Finances 19:09

46 weeks тому19:09

19:09

In this episode of Navigating an Abundant Retirement Radio , host Carol Dewey delves into the potential impact of the 2024 presidential election on finances. Drawing on data and historical trends, Carol addresses common concerns and misconceptions about how election outcomes may affect investment portfolios and retirement plans. While acknowledging widespread anxiety among investors, Carol emphasizes the importance of staying informed, maintaining a long-term perspective, and working closely with financial professionals to navigate economic uncertainties. Key Takeaways: Historical data suggests that presidential election outcomes have minimal impact on market performance. Maintaining focus on long-term financial goals and strategies is crucial during periods of economic volatility. Working with a financial services professional can provide valuable guidance and perspective in navigating market fluctuations. Relying on data and historical trends rather than emotions or gut instincts can lead to more informed investment decisions. Building a diversified investment portfolio and staying patient during market fluctuations are essential for long-term financial success. Quotes: "Presidential elections occur every four years whether we like it or not, and the data is clear that the winner of those elections isn't going to change your portfolio much." "Building the kind of savings and retirement income you need to achieve your retirement goals comes down to trust and patience." "There's real power in relying on data and historical trends rather than your emotions or gut instincts." Timestamps: (01:59) Overview of election-related financial concerns (06:05) Analysis of historical trends and market performance during election years (08:35) Examination of investor sentiments and anxieties (11:11) Impact of election-related anxiety on retirement planning and investment strategies (14:44) Strategies for avoiding emotion-based investing during economic uncertainty (17:55) Conclusion and encouragement to stay focused on long-term financial goals Please leave us a rating and a review on Apple Podcast. Visit the website here. Connect With Carol: www.perpetualwealthfinancial.com LinkedIn…

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U.S. Millionaires Top Financial Concerns 12:16

49 weeks тому12:16

12:16

Episode Summary: On this episode of Navigating an Abundant Retirement Radio, host Carol Dewey delves into the intricate financial concerns faced by many, including millionaires. In the Retire Abundantly series debut, she explores the evolving landscape of financial security amidst economic, financial, and political shifts, offering insights and strategies for ensuring a prosperous retirement. Key Takeaways: Achieving a million-dollar milestone doesn't guarantee the anticipated sense of financial security. Financial concerns extend beyond personal wealth to encompass broader economic uncertainties. Taxes, particularly IRS levies, pose significant threats to financial independence and retirement plans. Preparation and informed action are vital in navigating financial challenges and securing a fulfilling retirement. Quotes: "It's not just as Yogi Berra said, 'A nickel ain't worth a dime anymore.' There are an extraordinary labyrinth of new economic, financial, and political forces at work that threaten our financial security and will create winners and losers." - Carol Dewey "Income is king after-tax income. It's not what you make, it's what you keep." - Carol Dewey "What's the one thing you would surrender all of your money to keep? Whatever that answer is, be sure your Strategic Retirement Lifestyle Plan protects that." - Carol Dewey Read more Please leave us a rating and a review on Apple Podcast. Visit the website here . Connect With Carol: Website LinkedIn…

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Is a Roth Conversion Right for You? 21:32

1 year тому21:32