Your Retirement Elevated Podcast with Scott Dougan

Critical Facts: SECURE Act's RMD Rule Not What You Thought

On this episode of Your Retirement Elevated podcast with Scott Dougan, we’re talking about some recent developments to the SECURE Act and what it might mean for you. Find out what we think about the news and how it could impact planning.
 
Read more and get additional financial resources here: https://wp.me/paeENs-bs 
 
What we discuss on this episode: 
2:42 – What is the SECURE Act?
6:34 – Withdrawing funds from retirement accounts
11:20 – Not the first big change
13:36 – Repercussions

Don't Make These Assumptions About Retirement

There are some things you should never assume in the financial world, especially as you’re preparing for retirement. Find out if you’re getting any of these things wrong.
 
Read more and get additional financial resources here: https://wp.me/paeENs-bh 
 
What we discuss on this episode: 
7:41 – Spending less in retirement
9:26 – Lower taxes in retirement
11:12 – Helping children with college
13:34 – I’ll never retire

Beware of the Three P’s: Panic, Politics and Performance Chasing

Today we’re talking about classic mistakes people make that can have long-term impacts on their retirement plan. Find out how to avoid the three P’s – panic, politics and performance chasing.
 
Read more and get additional financial resources here: https://wp.me/paeENs-bb 
 
What we discuss on this episode: 
1:39 – Emotional decisions
4:05 – Market drops
8:32 – Panic
12:35 – Politics
19:33 – Performance chasing

Questions Not Usually Addressed in Financial Plans

We often hear about frequently asked questions, but what are some questions that are not usually addressed in financial plans? We’ll explain what they are and why you need to know the answers.
 
Read more and get additional financial resources here: https://wp.me/paeENs-b0 
 
What we discuss on this episode: 
1:22 – Money falling through the cracks
2:56 – Tax returns
3:44 – Estate plans
6:00 – Lack of communication
10:36 – Making factual, logical decisions
14:00 – Questions you need to ask
14:36 – Tax-loss harvesting strategies
20:24 – Financial advisors can be your quarterback
23:50 – Virtual educational events

Estate Planning 101: Stealth Taxes

In part three of our estate planning series, we’re talking with attorneys Chris Gaughan and Casey Connealy about stealth taxes. They are sneaky taxes that we often don’t think about or know about but can really add up.
 
Read more and get additional resources here: https://wp.me/paeENs-aT 
 
Part 1 on Powers of Attorney: https://wp.me/paeENs-aB 
Part 2 on Wills and Trusts: https://wp.me/paeENs-aH 
 
What we discuss on this episode: 
2:19 – What are stealth taxes?
4:00 – Death taxes
7:57 – Individual retirement accounts
11:34 – Probate
14:09 – Delays and administrative fees

Estate Planning 101: Wills and Trusts

In part two of our estate planning series, we’re talking with attorneys Chris Gaughan and Casey Connealy about the difference between wills and trusts. Which one should you have, and what are the pros and cons?
 
Read more and get additional planning resources: https://wp.me/paeENs-aH 
 
Check out part 1: https://wp.me/paeENs-aB 
 
What we discuss on this show: 
2:40 – What if you don’t have a will or trust?
5:34 – What is a will?
7:43 – What is a trust?
9:40 – Other reasons to use a trust
12:15 – Divorce protection
13:16 – Protecting children
14:12 – Money management concerns
14:59 – Children with special needs
15:56 – Should I have a will or trust?
19:33 – What do I do next?
21:16 – Contact Chris and Casey

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