Your Retirement Elevated Podcast with Scott Dougan
Financial and retirement planning guidance from Kansas City‘s Scott Dougan of Elevated Retirement Group. Scott Dougan founded Elevated Retirement Group in 2003 in order to fill a niche he felt was not being addressed properly in the retirement planning environment – helping retirees and pre-retirees in the Kansas City metro area find answers to issues that may affect the quality of life during their retirement. Scott is a Registered Financial Consultant (RFC) and holds a Series 65 Investment Adviser Representative license, which holds him to the fiduciary standard. He also holds insurance licenses in Kansas, Missouri and other states.
Episodes
Thursday Jul 06, 2023
Retirement Rebels: Winning Your Financial Independence
Thursday Jul 06, 2023
Thursday Jul 06, 2023
Celebrate the spirit of July 4th with our latest episode as we tackle the concept of Financial Independence. While the American colonists fought for freedom from British rule, we’re here to discuss what you’re striving to be independent from in your retirement. We’ll unveil the common foes you’ll face on the journey. And good news, no muskets are required for these battles.
Here's some of what we discuss in this episode:
How to get independence from the government. (4:09)
How to optimize your Social Security benefit. (6:30)
How to get independence from your family and needing their help. (8:47)
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
Thursday Jun 15, 2023
Crash Course: The Psychology of Investing in the Wake of Historic Market Crashes
Thursday Jun 15, 2023
Thursday Jun 15, 2023
Have you ever wondered why you handle money the way you do? It turns out your financial behaviors can be traced back to your formative memories. In this episode, we explore how historic market crashes have left a lasting impact on our relationship with money. We’ll also contrast them with the way more recent crises have shaped our financial views and decisions in the short term.
Here's some of what we discuss in this episode:
Remembering soaring interest rates in the late 70s, early 80s, and right now. (6:55)
Remembering Black Monday in 1987. (9:20)
Remembering the Great Recession of 2008. (13:23)
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
Thursday Jun 01, 2023
A Comprehensive Dismantling Of 2023’s Top Social Security Myths
Thursday Jun 01, 2023
Thursday Jun 01, 2023
In this episode, we'll be debunking common myths about Social Security and answering the questions you've been curious about. No matter what questions you have about Social Security, we are here to help guide you through this important step in your financial future. Today’s show should give you a pretty good overview.
Here's some of what we discuss in this episode:
Myth: The Social Security Administration will help you make decisions. (3:49)
Myth: You won’t pay taxes on Social Security. (8:04)
Myth: You should claim Social Security as soon as possible. (12:49)
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
Thursday May 18, 2023
7 Important Streams of Income
Thursday May 18, 2023
Thursday May 18, 2023
You can’t talk about retirement without talking about income. There are seven streams of income you need to know about. In today’s episode, we’ll break them down for you and help you understand the pros and cons of each one. Join us for a critical discussion on creating a reliable, dependable income source in retirement and discover the importance of having a diversified financial plan.
Here's some of what we discuss in this episode:
Earned income is the most common type of income. (3:50)
Interest income is a form of passive income. (9:09)
Business income is one of the best ways to have wealth. (19:16)
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
Thursday May 04, 2023
Five Facts You Need to Know About FDIC Insurance and Your IRA
Thursday May 04, 2023
Thursday May 04, 2023
The Federal Deposit Insurance Corporation (FDIC) has been in the news recently as bank failures have made headlines. It's worth noting that the FDIC insures deposits up to $250,000, providing peace of mind to depositors who may be concerned about the safety of their funds. However, you may be wondering if your IRA is also protected by the FDIC, especially in light of recent news coverage. In this episode, we’ll answer your questions about banking, FDIC, IRAs, and more. Stay tuned as we cover the five facts that you need to know.
Here's some of what we discuss in this episode:
Not all IRAs are protected by FDIC insurance. (3:06)
IRA deposits are insured separately at each institution. (4:22)
Your IRAs are insured separately from other deposits. (5:35)
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
Thursday Apr 20, 2023
How Millionaires Invest Their Money
Thursday Apr 20, 2023
Thursday Apr 20, 2023
How do millionaires invest their money? If you’ve ever wondered how they do it, today’s show is for you. From asset allocation to market timing and security selection, we’ll explain how millionaires handle these topics.
Here's some of what we discuss in this episode:
How do millionaires handle asset allocation? (5:09)
Do millionaires time the market? (8:38)
How do millionaires diversify their investments? (11:08)
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
Thursday Apr 13, 2023
10 IRA Questions to Ask Your Advisor
Thursday Apr 13, 2023
Thursday Apr 13, 2023
Entrusting your life savings to a financial advisor requires careful consideration and due diligence, especially when it comes to managing large IRAs. Before handing over your hard-earned nest egg, it's crucial to ensure that your advisor possesses the necessary expertise and experience to handle the responsibility. To help you navigate this, we've compiled a list of ten crucial questions to ask your advisor about IRAs.
Here are a few of the questions we’ll highlight in today’s episode:
IRA distribution planning requires specialized knowledge. Do you have expertise in this area? (8:07)
What professional training do you have in IRA distribution planning? What courses or programs have you taken? (10:40)
What is the latest IRA tax rule you are aware of? When did it occur? (15:25)
Who do YOU turn to when you have questions on IRA distribution planning? No one can know it all. (19:30)
How America Invests Vanguard Study:
https://corporate.vanguard.com/content/dam/corp/research/pdf/How-America-Invests-Advisor-US-FASHAIFR.pdf
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
Tuesday Mar 14, 2023
Unpacking the Silicon Valley Bank Collapse
Tuesday Mar 14, 2023
Tuesday Mar 14, 2023
As you have likely heard, the Silicon Valley Bank collapsed on Friday, March 10th, 2023, after a bank run- marking the largest bank failure in the U.S. in over a decade. With a lot of fear surrounding this topic, we are here to focus on the facts and give you a better understanding of what we know today.
Here's some of what we discuss in this episode:
What we know about the Silicon Valley bank failure right now (2:57)
Unpacking why this SVB crisis happened and what sparked the bank run panic. (11:05)
The five keys points you want to keep in mind before panicking about this event. (17:48)
While there is a lot of fear and panic instilled by the media right now, it is rare to go a year without a new bank failure. (20:30)
Two important questions to help you evaluate what you hear in the media (22:17)
Read Mike Sorrentino's rundown of the SVB collapse:
https://listentoscott.com/wp-content/uploads/2023/03/Bank-Run-PDF-for-Web.pdf
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
Thursday Mar 02, 2023
Things Could (Always) Be Better
Thursday Mar 02, 2023
Thursday Mar 02, 2023
Today’s show is going to feel like a healing therapy session. We're talking about how things could always be better. From human progress and value to happiness, we’ll cover some fascinating topics today.
We are not psychologists or therapists, but we are fascinated by the human mind and the need to improve. It happens in all facets of our lives, but money always seems to drive that desire to want more.
Here's some of what we discuss in this episode:
How have you made financial decisions in the past? (2:01)
Despite the negativity in the world, we are positive about trying to improve. (10:14)
Why do we pursue improvement? (11:42)
See the studies here: https://experimentalhistory.substack.com/p/things-could-be-better
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
Thursday Feb 16, 2023
Retiring Early? Check Out Scott’s Do’s & Don’ts of 6 Secret Sources of Income
Thursday Feb 16, 2023
Thursday Feb 16, 2023
If you’re thinking about retiring early, you’ll need to take a few extra steps in the planning process because you’ll be facing some additional challenges. But there are ways to navigate this by looking at all of the income options at your disposal.
On today’s show, we’ll share Scott’s top do’s and don’ts of six secret sources of come. So much of your success will depend on your income plan and this episode will lay out some ways to get ahead.
Here's some of what we discuss in this episode:
How to deal with anxiety and uncertainty about early retirement. (2:23)
How to make withdrawals from your plan if you’re a public safety employee. (7:30)
How SEPPs can help you tap into accounts. (10:24)
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724