Your Retirement Elevated Podcast with Scott Dougan

$1 to $5 Million Saved – Should I Change Advisors?

In this show, we explore why people in this financial bracket often rethink their strategy and discuss key topics like tax planning, withdrawal strategies, and income guardrails. With more at stake and no room for mistakes, the importance of having a skilled team to guide you through retirement is greater than ever.
Here’s what we cover in this episode:
0:00 – Intro
1:52 – Shift to Distribution
5:25 – Are you paying too much in taxes?
10:58 – Will your money last?
14:07 – Final thoughts
 
Want to connect with us?  
Web: https://listentoscott.com/
Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724
 
Watch the show on YouTube: https://bit.ly/3RiT7Ky

Costly Year-End Financial Planning Mistakes

As the year draws to a close, it's the perfect time to reflect on your financial health and make strategic decisions for the future. In this week’s episode, Scott takes us through four major year-end financial planning mistakes and how to avoid them.
Here’s what we cover in this episode:
0:00 – Intro
1:44 – Ignoring the issues that debt creates.
5:50 – Overlooking the costs of your go-go years.
11:16 – Failing to plan for inflation’s long-term impacts.
13:13 – Not addressing poor lifestyle habits and decisions.
17:51 – Get in touch with Scott
 
Want to connect with us?  
Web: https://listentoscott.com/
Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724
 
Watch the show on YouTube: https://bit.ly/3RiT7Ky

The Perfect Holiday Flowchart: Are You Ready for Thanksgiving?

If ​you ​have ​watched ​any ​of ​our ​podcasts ​and ​videos, ​or ​if ​you've ​ever ​engaged ​as ​a ​client ​with ​Scott ​Dougan ​and ​the ​Elevated ​Retirement ​Group ​team, ​you've ​probably ​come ​across ​a ​lot ​of ​flow ​charts. ​We're ​going ​to ​poke ​a ​little ​bit ​of ​fun ​at ​Scott ​today ​as ​he ​has ​prepared ​us ​a ​beautiful ​flow ​chart. It’s not the typical chart about ​finances ​but ​about ​Thanksgiving instead.
Check out the flowchart here: https://listentoscott.com/wp-content/uploads/2024/11/Thanksgiving-Flow-Chart.pdf
Here’s what we cover in this episode:
0:00 – Intro
2:12 – Start of the flowchart
4:51 – Turkey prep
7:44 – Stretchy pants
9:10 – TV
10:40 – Cranberry sauce
14:30 – Master plan for the day
16:40 – Ready for things to not go as planned
19:30 – Scott’s message for this Thanksgiving
 
Want to connect with us?  
Web: https://listentoscott.com/
Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724
 
Watch the show on YouTube: https://bit.ly/3RiT7Ky

Key Ages To Remember for Retirement Planning

Did you know there are three specific birthdays that can have a huge impact on your tax situation? It’s true, and today we’re going to tell you why 50, 65, and 73 are key ages for retirement planning.
Here’s what we cover in this episode:
0:00 – Intro
1:44 – Age 50
4:38 – Changes in catch-up rules
8:30 – Age 65
11:33 – Age 73
Want to connect with us?  
Web: https://listentoscott.com/
Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724

Changes to Contribution Limits in 2025

The 2025 contribution limits are now available and the tweaks might be significant for anyone approaching retirement. These changes are really going to affect that person with tax-deferred accounts like a 401, IRA, 403b and others. Join us to find out how the 2024 limits compare to what’s coming in 2025 and how it might change your saving strategies.
Here’s what we cover in this episode:
0:00 – Intro
1:21 – 401ks
5:34 – 457bs and Roth IRAs
7:45 – HSAs
10:07 – Final thoughts
 
Want to connect with us?  
Web: https://listentoscott.com/
Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724

7 Key Areas to Focus on for a Fulfilling Retirement

When you talk about retirement timing and how to remain retired, people often overlook at least one of seven key areas. The majority of them have nothing to do with money but they’re just as important as your savings account.
We sent out this article in a newsletter to clients recently and got a good response, so today we want to elaborate on these seven factors that will help you lead a fulfilling retirement.
Here’s what we cover in this episode:
0:00 – Intro
1:30 – The dollars and cents
3:12 – Staying active
5:30 – The psychological side
7:48 – Social networking
14:10 – Personal experience
17:06 – Family decisions
 
The Key to Tax-Aware Planning: https://www.truewealthdesign.com/the-key-to-tax-aware-investing/ 
Check out the The Gap And The Gain: https://amzn.to/4eV7OgC
 
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
 
Watch the show on YouTube: https://bit.ly/3RiT7Ky

Are you prepared for UNCERTAINTY?

The ​primary ​value ​of ​a ​financial ​advisor ​isn't ​just ​picking ​the ​right ​portfolio, making ​sure ​you're ​minimizing ​taxes ​or ​establishing ​a ​paycheck ​that ​you're ​not ​going ​to ​outlive ​in ​retirement. ​​It's ​about ​preparing ​clients ​for ​the ​truth. Can you handle the truth?
Today we’re going to talk about the uncertainty in life and retirement and how a financial advisor helps provide the certainty you need with your money.
Here’s what we cover in this episode:
0:00 – Intro
2:27 – Five key areas of planning
5:37 – Planning for uncertainty
9:15 – Different scenarios
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
 
Watch the show on YouTube: https://bit.ly/3RiT7Ky

How Much Money Do You Need to Be Rich?

The perception of what it takes to be wealthy sometimes matches reality, but often it doesn’t. Americans have opinions on what qualifies as being rich, and a recent survey tells us that we don’t always agree on what it takes to live comfortably.
Today we’re going to explore this disparity and discuss why comprehensive planning provides the clarity and direction you need to instill confidence in your financial future.
Here’s what we cover in this episode:
0:00 – Intro
2:00 – Study findings
6:30 – How many feel wealthy
9:39 – Wealth by generation
16:30 – Financial sources
19:49 – Staying on top of finances
21:56 – Planning decisions
 
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
 
Watch the show on YouTube: https://bit.ly/3RiT7Ky

Social Security Changes: How Raising the Retirement Age Could Impact You

Social Security is the backbone of retirement for millions of Americans, but big changes may be coming. On this episode, we dive into the recently released proposal to raise the full retirement age to 69 and what it means for your benefits, your future, and your financial security.
 
Here’s what we cover in this episode:
0:00 – Intro
4:02 – Increase in full retirement age
8:11 – Penalty for taking Social Security early could increase
11:32 – Would an increase in full retirement age save Social Security?
 
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
 
Watch the show on YouTube: https://bit.ly/3RiT7Ky

Beware of the Pig Butchering Financial Scam

Have you heard of Pig Butchering? It’s not what you think. It’s a cunning new scam that’s draining retirement accounts and leaving victims penniless.
Today, we’re uncovering how scammers are using relationships built on various phone apps to lure people in. 
Here’s what we cover in this episode:
0:00 – Intro
3:02 – What is “pig butchering?”
6:09 – The scale of these scams
11:10 – How can we identify scams?
15:13 – Steps you can take to avoid scams 
 
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
Watch the show on YouTube: https://bit.ly/3RiT7Ky