Your Retirement Elevated Podcast with Scott Dougan

Knowledge is Not Power

Is knowledge power? On this episode of Your Retirement Elevated podcast with Scott Dougan, we’re exploring the topic of knowledge and what you do with it.

 

Read more and get additional financial resources here: https://wp.me/paeENs-bX 

 

What we discuss on this episode: 

2:05 – Knowledge is not power

6:40 – Knowing where to tap

12:12 – Critical lessons

14:05 – Executing a plan

15:30 – Prior knowledge not always an advantage

20:26 – Feeling comfortable and confident

What Are You Going To Retire To?

On this episode of Your Retirement Elevated podcast with Scott Dougan, we’re talking about a question that has come up a lot lately: What are you going to retire to?

 

Read more and get additional financial resources here: https://wp.me/paeENs-bP 

 

What we discuss on this episode: 

1:36 – What you are going to retire to?

6:17 – Struggling with retirement

10:06 – Silver linings

You’re Always Closer To Running Out Of Vitamin C Than You Think

On this episode of Your Retirement Elevated podcast with Scott Dougan, we’ll explain the correlation between vitamin C and how it impacts your financial health. 

 

Read more and get additional financial resources here: https://wp.me/paeENs-bF 

 

What we discuss on this episode: 

3:05 – Email from a client

5:31 – Always something to worry about

9:45 – No doom and gloom

12:45 – Guard your minds

14:28 – Emotions

Secure Act 1.0 Clarification and Secure Act 2.0

SECURE Act 2.0, son of the SECURE Act, has come out and we'll explain what has changed, what you might like and what you might not.

 

Read more and get additional financial resources here: https://wp.me/paeENs-bA  

 

What we discuss on this episode: 

2:06 – SECURE Act 2.0

5:16 – Rothification of retirement

7:05 – Please some, frustrate others

10:22 – Collecting tax on the seed

12:22 – Increase RMD age

15:54 – Don’t get too wrapped up

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

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

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