Your Retirement Elevated Podcast with Scott Dougan

5 Tax Saving Strategies

How do the ultra-wealthy get away with paying fewer taxes than everyone else? Many people believe it’s because they use complicated, or questionable tax practices. But that’s not necessarily the case. In fact, many of the strategies the ultra-wealthy use to save a small fortune in taxes are also available to you. You just don’t know they exist, or you’re simply not taking advantage of them. On today's show, we'll cover 5 strategies that could potentially help you save a small fortune in taxes.
Show Notes & Info:
Podcast Site: https://listentoscott.com/
Retirement Classes: https://www.retirementelevated.com/courses/
Call: (913) 393-4724

Are You Prepared For Rising Taxes?

Taxes are very likely to increase in the future and failing to plan accordingly may have painful financial consequences. That said, not everybody should alter their plans, but some should. Like most financial matters, this is a very nuanced subject. There are very few absolutes or hard-and-fast rules here. Listen to today’s show to find out if you should make some changes in your plan to take advantage of likely higher taxes in the future.
Show Notes & Info:
Podcast Site: https://listentoscott.com/
Retirement Classes: https://www.retirementelevated.com/courses/
Call: (913) 393-4724

9 Important Ages

As you near retirement, there are several different ages to keep in mind, each of which represents an important landmark in retirement planning. Let's discuss what those landmarks are, and why each of them is vital to consider and discuss with your financial advisor when planning for your retirement future.
Show Notes & Info:
Podcast Site: https://listentoscott.com/
Retirement Classes: https://www.retirementelevated.com/courses/
Call: (913) 393-4724

The 5-Step Complete Planning Process

Over the course of two decades, Scott has developed a comprehensive 5-step plan for retirement. Listen to today's show to see if you have included these steps and why they are needed in a thorough retirement plan.
Click here to get the PDF for the 5-Step Complete Planning Process

What Does Financial Security Mean To You?

“Financial Security” might mean different things to different people, but for nearly everyone, making sure that they achieve their own definition of security is the most important part of their retirement plan. So, how do you define financial security? On today’s show, we’ll cover some of the popular responses we hear from clients during the planning process.

Common Investor Biases

When it comes to investing and planning for retirement, everyone is affected by a handful of different biases that influence how they make decisions. And oftentimes, these biases can get us into quite a bit of trouble if we're not careful. So let's learn how to spot these biases and gain an overall healthier financial mindset.

How Media Can Change Your Perception of Reality

With all of the technology available at our fingertips on a daily basis, the world's seven billion people are as connected as they've ever been. But is that always a good thing? In this episode, Scott gives us some perspective on how the media can influence the way we perceive the world and how that skews the reality of life.
 

How The SECURE Act Might Impact Your Financial Plan

Congress is in the middle of passing the SECURE Act (passed in the House, waiting on the Senate). The bill brings a lot of positive changes for those of us planning for retirement, but it also threatens the elimination of an important and well-used planning strategy, the Stretch IRA. Scott will break down this bill for us and talk about how it might impact our financial plans going forward.

Advisors: What They CAN and CANNOT Do For You

Part of discovering a financial advisor's true value and role in your life is coming to grips with the things they can and cannot actually do for you. Advisors aren't superheroes, so there will be some things you can't reasonably expect them to be able to do. Let's chat about some of these expectations and see how it all might impact your own financial situation.

5 Reasons Someone Should Never Hire A Financial Advisor

This might seem like a surprising headline on this show, but it's true. For some, working with a financial advisor makes a lot of sense. But for many, it does not. Let's cover the reasons and see where you might fit.