Your Retirement Elevated Podcast with Scott Dougan

Estate Planning 101: Powers of Attorney

In part one of our estate planning series, we’re talking with attorneys Chris Gaughan and Casey Connealy about powers of attorney. Do you need a power of attorney, how are they used and what are some common misconceptions?
 
Read more and get additional planning resources here: https://wp.me/paeENs-aB 
 
What we discuss on this episode: 
1:33 – What is estate planning?
2:35 – Two types of powers of attorney
4:09 – If you don’t have power of attorney
6:13 – What if you do have power of attorney?
10:19 – Misconceptions about power of attorney
13:36 – Validity of power attorney
15:12 – Make sure you have copies
16:44 – Who should have a power of attorney?

How to Have a Healthy Retirement Plan

What is the health of your wealth? In other words, how healthy is your retirement plan? Today, we’re sharing what questions you should consider as you save for retirement.  
 
Read more and get additional financial resources here: https://wp.me/paeENs-av 
 
What we discuss on this episode: 
2:52 – A new administration
5:20 – You may need to work longer
6:52 – Spend less, save more
8:09 – Are you going to work longer or adjust your lifestyle?
8:55 – Invest with a long-term approach
11:35 – Hybrid retirement
14:53 – Insurance, healthcare and taxes

Cultivating a Life of Gratitude

The holidays are a natural time to show gratitude, but intentional gratitude all year long is just as important. On today’s episode, we’re talking all about gratefulness.
 
Read more and get additional financial resources here: https://wp.me/paeENs-ar 
 
What we discuss on this show: 
1:35 – Gratefulness
4:50 – Intentional gratitude
8:20 – Expressing gratitude
13:27 – Acts of kindness
19:06 – Reflecting

It Isn’t the Known Unknowns That Get You

We all deal with unknowns in our lives, but beware of the unknown unknowns. Those will get you, according to former Secretary of Defense Donald Rumsfeld.
 
Read more and get additional financial resources here:
https://bit.ly/34sgcSF
 
What we discuss on this show: 
2:16 – Known unknowns
4:37 – Unknown unknowns
9:09 – The election and pandemic
12:49 – Stay the course
15:55 – Being emotional about your savings

Love or Hate the Election, Leave Emotion Behind

No matter how you feel about the 2020 election, it’s best to leave emotion behind when dealing with your financial future. Scott Dougan explains how he handles retirement planning in election season. 
 
Read more and get additional financial resources here: https://wp.me/paeENs-ac 
 
What we discuss on this show: 
0:51 – Dealing with uncertainty
3:48 – Too much emphasis on one person
5:58 – Clients upset about election outcome
7:29 – What’s great about America
9:20 – Every change gives us opportunity
11:02 – How to define long-term
15:05 – Model good behavior

How Will the Election Affect Investments?

The election is upon us, and that brings up a lot of financial questions. We want to dedicate today’s show to answering some of those common queries.
 
Read more and get additional resources here: https://wp.me/paeENs-a5 
 
What we discuss on this show: 
1:18 – Confirmation bias
5:42 – What does the election really mean for investments?
6:34 – Are there Election Day implications for your investments?
10:09 – Should we be worried about delayed election results?
14:20 – Bogus info online
16:00 – The media
20:24 – Short-term versus long-term
22:58 – What if you’re taking money from investments?
24:58 – Final thoughts

End-of-Year Tax Planning Guide

On this episode of Your Retirement Elevated podcast with Scott Dougan, we explain why tax planning is so important, how the election could affect taxes and much more.
Consider this your end-of-year tax planning guide. Find out why tax planning is often a missing piece in people’s financial plans.   
 
Read more and get additional financial resources here: https://wp.me/paeENs-9U 
 
What we discuss on this show:
2:15 – Why tax planning is often a missing piece
5:38 – Itemization vs. standard deduction
7:48 – CPAs vs. financial planners
11:00 – Actions to consider before year end
15:29 – Making contributions next year
17:22 – Notable tax changes
20:42 – Other important tax considerations
26:11 – How the election could affect taxes
30:55 – Eliminating the step up in basis

Mailbag: Answering Your Questions About Gold, Divorce, and the Election

Should I invest in gold? How will the election affect my financial strategy? Will a divorce tank my retirement? Scott answers these questions and more in today’s podcast. 
 
Read more and get additional financial resources here: https://wp.me/paeENs-9M 
 
What we discuss on the show: 
1:38 – Will I spend more money in the first few years of retirement?
4:17 – Should I buy gold coins, gold bars, or no gold at all?
6:59 – Should I be investing differently since we have a national election coming?
8:47 – Can I overcome a divorce financially in my late 50s?
11:09 – Is it better to get a big tax refund or keep more money throughout the year?
12:47 – Should we renovate our kitchen or save more for retirement?

In Uncertain Times, Here’s How Your Financial Advisor Can Help

This year has been full of economic struggles and unknowns, but you shouldn’t have to face them alone. Find out how a financial advisor can help you navigate the uncertainty.
 
Read more and get additional financial resources here: https://wp.me/paeENs-9G 
 
What we discuss on this show: 
2:02 – The role of an advisor
7:55 – Hoping for best, planning for worst
9:40 – The battle between our ears
12:58 – Handling uncertainty
18:00 – Projecting forward

Coach Rut’s Advice for a Healthy Retirement

When planning for a successful retirement, you need think about your wealth as well as your health. On today’s podcast, Coach Rut shares advice for having a healthy retirement
 
Read more and get additional financial resources here: https://wp.me/paeENs-9y 
 
About our guest: https://www.coachrut.com/ 
 
Connect with Coach Rut on social media.
Twitter - https://twitter.com/coachrut 
Facebook - https://www.facebook.com/coachrut
 
What we discuss on this show: 
1:00 – Special guest Coach Rut
3:42 – Health and wealth
6:30 – Emotion free, fact-based decisions
10:40 – Compound consistency
13:48 – Second half of life
16:30 – Advice to get on healthier path
21:30 – Assess where you are
24:20 – Key habits of people who focus on fitness
30:50 – Sleep apnea
34:03 – Staying healthy in retirement
36:09 – Being busy is a choice
39:39 – Coach Rut on social media