Your Retirement Elevated Podcast with Scott Dougan

The 2023 Halftime Report with Mike Sorrentino

Today we have a special edition of the show where Scott recently hosted a webinar for his clients and had Mike Sorrentino on to discuss some financial topics that are top of mind for many people right now.
This conversation comes in the wake of the midpoint of 2023, sort of a mid-year or halftime report, if you will, and the topics that you're going to hear from this webinar include the housing market, inflation, stock market, and a few predictions for the rest of the year.
 
Here's some of what we discuss in this episode:
A look back on Mike’s predictions for early 2023 and how they’ve turned out.
Thoughts on why we aren’t in a recession right now.
Mike explains why the housing market data is positive by looking at supply and equity.Inflation is coming down but what does that mean for spending, interest rates, and wages?
Opportunities in the market moving forward.
Why he thinks there’s a lot to be excited about.
 
Want to connect with us? 
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724

5 Key Areas of Your Financial Life

Our whole practice revolves around helping people develop ways to make sure they have everything in order when it comes to these five areas of financial planning. Today we’re going to dive into these and provide a little more detail so that you’ll have a better understanding of what types of conversations we’re having with clients.
We’ve also put together this PDF for you that gives you a nice breakdown of all five:
https://listentoscott.com/wp-content/uploads/2023/08/5-Key-Areas-PDF-for-Website.pdf 
 
Here's some of what we discuss in this episode:
Income planning might be the most important because without a paycheck in retirement, it won’t be much of a retirement.
Why we say investments are the servants of the plan.
We want to develop a tax plan because the IRS will do it for us if we don’t.
One of the first ways we help you protect what you’ve built is through healthcare planning.
What we want to make sure you address in your estate and legacy plan.
 
Want to connect with us? 
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724

Mastering Retirement Cash Flow: Understanding Changing Expenses

In this episode, we’ll explore many of the expenses in your life that might drastically change (one way or another) in retirement. We’ll break those expenses down further to see which ones are the top priorities and analyze some of the other factors that impact your cash flow in retirement.
 
Here's some of what we discuss in this episode:
Breaking retirement down into three phases to better understand spending. (4:49)
What are the expenses that change the most in retirement? (8:27)
The essential expenses vs discretionary and how to account for those.  (14:10)
Taxes are often a big factor in cash flow problems in retirement.  (14:10)
How our planning process helps clients manage cash flow. (19:10)
 
Want to connect with us? 
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724

Retirement Rebels: Winning Your Financial Independence

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

Crash Course: The Psychology of Investing in the Wake of Historic Market Crashes

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

A Comprehensive Dismantling Of 2023’s Top Social Security Myths

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
 

7 Important Streams of Income

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

Five Facts You Need to Know About FDIC Insurance and Your IRA

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

How Millionaires Invest Their Money

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

10 IRA Questions to Ask Your Advisor

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