Your Retirement Elevated Podcast with Scott Dougan

Income Personalities – Probability vs. Safety-First

What is your income personality? Today we’re discussing two types and what they mean – probability vs. safety first. Find out which one you are.
 
Key topics on this episode: 
2:36 – Two schools of thought
5:19 – Your preference
7:12 – Risk
8:53 – Optimization planning
 
For more, visit us online: https://listentoscott.com/

The Four Stages of Retirement

Today we’re talking about the four stages of retirement. We want to break it down in an easy-to-understand way to help you prepare for this huge milestone in life.
 
Key topics in this episode: 
2:58 – Anticipation
4:27 – Liberation/disorientation
6:21 – Reinvention
10:47 – Reflection/resolution
13:00 – Legacy
15:43 – Personality groups
 
For more, visit us online: http://listentoscott.com 

Peanut Butter and Expense Planning

Our entire episode today is based on a meme that says: “You haven’t experienced true heartbreak until you've measured out a single serving of peanut butter.” It can be pretty depressing to see how what 200 calories of peanut butter really looks like, but we’ll tie it all into expense planning.
 
Key topics on this show:
1:45 – Peanut butter
5:54 – Expense planning
8:34 – Itemized expenses
9:36 – Travel and experiences
11:10 – Psychological
 
Read more and get additional resources here: http://listentoscott.com 

What are the Pros and Cons of I Bonds?

Have you heard about the new popular investment, I bonds? What are the pros and cons surrounding these bonds and are they the right fit for you?
 
More on I Bonds: https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
 
Key topics on this show: 
1:31 – What kind of questions are we getting?
2:22 – Breaking down the I bond news
4:21 – How should we approach understanding these?
5:32 – How does the return work?
7:08 – What are the pros of I bonds?
8:55 – What are the cons of I bonds?
12:23 – I bonds must be held for one year
15:10 – Is this worth it for you?
 
Read more and get additional resources here: http://listentoscott.com 
 

5 Questions To Determine If Your Financial Plan Needs Further Review

Anytime you meet with a financial advisor, you need to determine if your plan needs more review. On this episode of Your Retirement Elevated podcast with Scott Dougan, we’re sharing the five critical questions you need to ask.
 
Key topics on this show: 
3:58 – Vacation now or later
6:17 – Adequate review
9:36 – Tax plan
12:00 – Income and liquidity
13:59 – Risk
15:34 – Heirs
 
Read more and get additional resources here: http://listentoscott.com 

The Marshmallow Experiment: The Role of Delayed Gratification In Financial Success

The ability to delay gratification – people who have this quality are more likely to succeed than any others, according to a study. Today we’ll share how this can help with your financial life.
 
Read more and get additional financial resources here: http://listentoscott.com 
 
What we discuss in this episode: 
2:44 – Marshmallow study
7:56 – Our clients
9:20 – More about the experiment

Are You Guilty of These Cognitive Biases?

Today’s show is a fun one. Bias is one of our favorite topics, and cognitive bias is fascinating, especially as it relates to money. Find out what these biases are and how to implement more rational thinking into your life.
 
Article discussed today: https://www.visualcapitalist.com/50-cognitive-biases-in-the-modern-world/
 
Read more and get additional financial resources here: http://listentoscott.com 
 
What we discuss in this episode: 
1:38 – Bias is a favorite topic
3:50 – Dunning-Kruger effect
6:19 - Anchoring
8:16 – Google effect
12:55 – Zero-risk bias
13:37 – Ikea effect
16:21 – Blind spot bias

Why is the Market Going Down?

The stock market has been on the decline. But is this normal, or is this time different? How should we handle the drop? We’ll share what advice we give clients and how you can handle the ups and downs with confidence.
 
Read more and get additional financial resources here: http://listentoscott.com 
 
What we discuss in this episode:
2:00 – Why is the market going down?
5:36 – Volatility is quicker
9:02 – Upward trend
11:59 – Final thoughts

Murky Issues That Make Retirement Planning Harder

A recent USA Today article pointed out three murky issues that increase retirement planning’s degree of difficulty, especially in today’s economic climate. On this episode, we’ll breakdown the article to see if the murky issues are actually that threatening, and what you can do about it if you’re concerned.
 
Read more and get additional financial resources here: http://listentoscott.com 
 
What we discuss in this episode:
2:38 – Income growth
8:13 – Social Security
10:52 – Withdrawal rates
17:20 – Data and variables

Home Run Retirement: How Baseball Principles Also Score Financial Runs

After listening to today’s episode, you’ll never attend another baseball game with the family and look at it the same way. We’re going to show you how taking some of baseball’s most basic principles can also lead to financial success in your retirement portfolio. So, grab your peanuts and crackerjacks and let’s take the financial field.
 
Read more and get additional financial resources here: http://listentoscott.com 
 
What we discuss in this episode:
2:31 – Home runs
4:26 – Appearances
8:12 – Five-tool players
11:59 – Coaching