In this podcast episode, 138, host Gary Heldt interviews Tom Hegna, CLU, ChFC, CASL,, a well-known economist and retirement income expert. They discuss the importance of having guaranteed income in retirement and the potential risks of relying solely on investments. Tom emphasizes the benefits of delaying Social Security benefits and how it can increase your long-term income. Tom also talks about the importance of having a financial professional in your arsenal and recommends utilizing free webinars and resources to educate yourself on retirement planning.
Here are the key takeaways:
Having guaranteed lifetime income can improve your portfolio performance, increase your happiness, and potentially allow you to live longer.
Delaying Social Security benefits can increase your long-term income, especially for the breadwinner in a couple, as it covers both lives.
It's important to consider the health of both partners in a couple when deciding on when to take Social Security benefits.
Working with a financial professional and utilizing free webinars and resources can help educate you on retirement planning and make informed decisions.
As tax rates are potentially going up, it's important to consider how this will impact your retirement income and plan accordingly.
Tom Hegna, CLU, ChFC, CASL, is a renowned author, speaker, and economist who has delivered over 5,000 seminars to Baby Boomers and seniors on how to retire the optimal way. He is considered by many to be THE Retirement Income Expert and is a former Senior Executive Officer at New York Life, retired Lieutenant Colonel, and economist.
Tom has authored five books, including Paychecks and Playchecks: Retirement Solutions for Life, Retirement Income Masters: Secrets of the Pros, Paycheques and Playcheques, Retirement Solutions for Canadians, and Don’t Worry, Retire Happy! Seven Steps to Retirement Security. He specializes in creating simple and powerful retirement solutions based on math and science, not opinions. Tom is available to speak globally to businesses, government organizations, professional associations, financial professionals, and their clients.
Tom’s website:
LinkedIn: https://www.linkedin.com/in/tomhegna/
Connect with Gary:
Website: sbadvisors.cc/
Facebook: facebook.com/SmallBusinessAdvisors
LinkedIn: linkedin.com/in/gary-d-heldt-jr-388a051/
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