Retirement Planning Insights with guest Tom Hegna, CLU, ChFC, CASL: The Myths, Risks, and Solutions and How to Retire "Happy"
In this episode of the Retirement Planning Podcast, hosts Darrin McComas and Jason Fox welcome special guest Tom Hegna, a bestselling author and host of CNBC’s “Financial Freedom with Tom Hegna.” Tom discusses common misconceptions about retirement planning, emphasizing that it's not just about achieving a financial number but about ensuring increasing income and managing risks. He shares insights from his new show, sheds light on the importance of incorporating annuities and life insurance into retirement portfolios, and offers advice on minimizing taxes and preparing for long-term care. The episode underscores the invaluable role of financial professionals in crafting a secure retirement plan.
00:00 Introduction and Special Guest Announcement
00:40 Common Misconceptions About Retirement
02:21 The Reality of Retirement Spending
03:57 Insights from Financial Freedom Show
04:45 Protecting Wealth and Asset Protection Strategies
09:17 The 60/40 Portfolio Debate
12:55 Tax Considerations for Retirement
18:25 Longevity Risk and Annuities
22:01 Planning for Long-Term Care
23:49 Conclusion and Final Thoughts

Connect with Tom Hegna:

Website: https://tomhegna.com/

LinkedIn: https://www.linkedin.com/in/tomhegna/

Don't Worry, Retire Happy!: https://www.amazon.com/Worry-Retire-Retirement-Security-2014-05-03/dp/B01FKTJKOW

Book a FREE consultation call with Darrin McComas and we will ship you a copy of Tom Hegna's book, "Don't Worry, Retire Happy" absolutely free of charge. Click here to book your consultation call: https://www.ewadvisors.com/

Tom Hegna is not a client, nor should his appearance in this advertisement be construed as an endorsement of Darrin McComas, Jason Fox or Evergreen Wealth Advisors LLC.

The information and opinions contained are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. They are given for informational purposes only and are not a solicitation to buy or sell any of the products mentioned. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the needs of an individual's situation.

In episode 10 of the Retirement Planning Podcast, hosts Darrin McComas and Jason Fox delve into the topic of risk in retirement portfolios. They discuss the importance of understanding the amount of risk you're taking on, how much risk you should be taking, and aligning it with the current market environment. The hosts share personal updates and emphasize the significance of shifting from an accumulation mindset to a decumulation strategy upon retirement. They explain tools like Nitrogen (formerly known as Riskalyze) to quantify risk and provide actionable steps to avoid common pitfalls such as sequence of returns risk. The episode also highlights the Bucket Plan System as a method for creating a well-diversified, holistic retirement plan that mitigates risk and enhances financial security. Listeners are invited to get a free risk analysis and a copy of Jason Smith’s book, "The Bucket Plan", by visiting their website, www.ewadvisors.com.

Episode 9: The Importance of Dedicated and Ongoing Service in Financial Planning
In this episode of the Retirement Planning Podcast, hosts Darrin McComas and Jason Fox discuss the vital role of dedicated and ongoing service in financial planning. They start with personal updates, then outline their comprehensive four-step planning process: Discover, Design, Delivery, and Dedicated Service. The conversation emphasizes the necessity of continuous plan monitoring and adjustments to accommodate life changes, market volatility, and client goals. The hosts also share insights into estate planning, avoiding probate, and the advantages of using eMoney software for real-time financial data. They stress the importance of patience and proactive planning to navigate uncertain financial landscapes, concluding with a reminder for listeners to engage with them via social media and their website.