All Things Retirement

Today, we're diving into a topic that affects everyone, regardless of age or financial status: how age and wisdom impact financial planning. No matter where you are in life, your financial goals and priorities will change over time, and it's important to have a plan that reflects your unique needs. In this episode, we'll explore the ways in which age and wisdom impact financial planning strategies and provide practical tips and insights to help you make informed decisions about your finances.

Here’s some of what we’ll discuss in this episode:

• Why does age matter in financial planning? (3:36)
• The importance of incorporating lessons and experiences into financial planning. (6:59)
• How Anthony personalizes experiences for each client. (11:30)
• The emotions that Anthony has witnessed throughout his career. (14:00)
• Mailbag: I got a big bonus that maxed out my 401(k) this year. Where should I be saving now? (16:10)
• Mailbag: The difference between Roth conversions and Roth contributions. (17:39)

Visit us online: https://cardinalwg.com/

Start the Cardinal Success Journey with your free assessment here: https://cardinalwg.com/free-assessment

Are you unsure of when to rebalance and how to do it? In this episode, we’ll uncover the importance of rebalancing your portfolio and discuss everything from frequency to tax implications. Plus, we’ll share a cautionary tale about the consequences of neglecting rebalancing.

Here’s some of what we’ll discuss in this episode:

• What does rebalancing actually mean? (3:26)
• How often should you rebalance your portfolio? (4:59)
• Are there tools to rebalance automatically? (9:33)
• The tax implications you need to consider when rebalancing. (11:33)
• An example of someone we worked with who didn’t do the proper rebalancing. (14:12)
• What can you do to protect your savings and investments from inflation? (17:30)

Visit us online: https://cardinalwg.com/

Start the Cardinal Success Journey with your free assessment here: https://cardinalwg.com/free-assessment

Are you tired of one-size-fits-all financial advice that doesn't quite fit your unique needs and goals? There are many types of personalities out there when it comes to financial matters. In today’s episode, we will talk about 7 financial personalities that we work with most often and how we help each client overcome their personal challenges and obstacles.  

Here’s some of what we’ll discuss in this episode:

• A brief message about the Silicon Valley Bank collapse. (1:40)
• Helping clients who have been scarred by something in their financial past. (4:47)
• How narrowing down plans and strategies can be beneficial for people who have a hard time making financial decisions. (7:41)
• How “Do-it-Yourselfers” can benefit from the Cardinal Success Journey. (10:17)
• Assisting couples with differing financial views. (18:20)

Visit us online: https://cardinalwg.com/

Start the Cardinal Success Journey with your free assessment here: https://cardinalwg.com/free-assessment

Are you a golfer? Even if you're not, the game of golf can teach us valuable lessons about retirement planning. For example, hitting a hole-in-one might be thrilling, but it won't necessarily guarantee your overall success. And just like you need different clubs in your golf bag to play a round, you need a well-balanced approach to your investments in retirement.

But perhaps the most important lesson from golf is the value of having a caddy. In retirement planning, a financial advisor can help you navigate the hazards and make the most of your financial "clubs." Tune in to this episode to learn more about how the game of golf can help you plan for a successful retirement.

Here’s some of what we’ll discuss in this episode:

• Anthony shares the spring cleaning he’s done with his own financial planning.  (1:23)
• The hole-in-one in golf is great, but it doesn’t necessarily equate to overall success.  (6:13)
• Picking out the clubs in your bag is much like giving yourself all the financial tools you might need to succeed.  (8:28)
• The benefits of having someone to help guide you like a caddy. (11:36)
• Is it safe to cancel life insurance once your kids are off the payroll?  (15:18)

Visit us online: https://cardinalwg.com/

Start the Cardinal Success Journey with your free assessment here: https://cardinalwg.com/free-assessment

Another year is upon us and it’s a great time to ask yourself 10 questions to assess how ready you are for retirement to kick off 2023. If you’re retiring this year, it’s essential to have some concrete answers to these questions. If you’re still a few years from the milestone, tune in so you can start thinking about these critical conversations.

Here’s some of what we’ll discuss in this episode:

• Do you know how much income you’re going to need every month and what account to start withdrawing from first?? (4:33)
• Are you prepared to handle market volatility and inflation? (13:12)
• No one can predict the future of tax rates but are you prepared for the possibility of increases? (18:28)
• How important is it to have a legacy plan in place before retirement? (24:08)
• Now is the time to make sure you understand everything you’re invested in. (26:58)
• How do you know if a financial advisor is trustworthy or not?  (29:51)

Visit us online: https://cardinalwg.com/

Start the Cardinal Success Journey with your free assessment here: https://cardinalwg.com/free-assessment

After being discussed in Congress for nearly a year and a half, the SECURE Act 2.0 passed in January. Much like the original version a few years earlier, this piece of legislation made a long list of retirement planning changes, many of which will impact the people we work with in the Philadelphia area.

Here’s some of what we’ll discuss in this episode:

• What Anthony has been up to personally and professionally during the podcast break. (0:31)
• The age to start taking required minimum distributions (RMDs) is being pushed back again. (5:40)
• The option to roll 529 money into a Roth. (9:58)
• Employees still paying down their student loan will be eligible for their company 401(k) match. (12:47)
• The Roth option for retirement accounts. (14:25)
• Should you start converting as much of your IRA to Roth as you near retirement? (17:23)

Visit us online: https://cardinalwg.com/

Start the Cardinal Success Journey with your free assessment here: https://cardinalwg.com/free-assessment

With more and more people making planning a priority in the new year, we wanted to help you with the search for a new advisor.

Show Notes:

Retirement Rescue TOOLKIT: https://pfcl1znr.pages.infusionsoft.net/

Website: https://www.cardinalwg.com/

Email: [email protected]

Phone: (904) 414-2375

Maybe you’re close to retirement and think you don’t have nearly enough money saved. But let’s talk about some reasons that the news might not be as bad as you think.

Show Notes:

Retirement Rescue TOOLKIT: https://pfcl1znr.pages.infusionsoft.net/

Website: https://www.cardinalwg.com/

Email: [email protected]

Phone: (904) 414-2375

We see a lot of people who aren’t getting the kind of advice and service from their financial advisor that they should be. In a lot of cases, the advisor is only “managing the investments,” but not providing guidance in other areas. Let’s talk about some of the things that your advisor should be doing...

Show Notes:

Retirement Rescue TOOLKIT: https://pfcl1znr.pages.infusionsoft.net/

Website: https://www.cardinalwg.com/

Email: [email protected]

Phone: (904) 414-2375

Sometimes it’s helpful to visualize complex topics to help make them easier to understand. On this episode, we’ll discuss how to compartmentalize your wants, needs, and wishes in regards to your retirement plan. Anthony will talk about the process he goes through with each client and the importance of having a plan that covers more than just finances.

Show Notes:

Retirement Rescue TOOLKIT: https://pfcl1znr.pages.infusionsoft.net/

Website: https://www.cardinalwg.com/

Email: [email protected]

Phone: (904) 414-2375