Shows
Ready To Retire!How to Calculate Needs in Retirement for Couples and 5 Key Savings StrategiesToday we dive into the crucial topic of retirement planning for married couples. With the challenge of harmonizing two different perspectives on retirement, this episode offers valuable strategies to increase savings and ensure a comfortable retirement… Click here to Download Your FREE “3 Steps” Workbook: https://trunorthwealth.activehosted.com/f/3 What’s included: 3 Steps to Planning an EPIC Retirement Step 1: How will You Spend Your Time? Step 2: Identify Your Income & Expenses Step 3: Putting it all Together Start YOUR FREE Financial Plan Today: Now available – FREE ACCESS – to...
2024-01-2314 minReady To Retire!Tax-Free or Tax-Deferred? Roth vs. Traditional IRA, Which is Better? | Ep 28Start YOUR FREE Financial Plan Today: Now available – FREE ACCESS – to a Financial Planning Tool: Click here: https://bit.ly/GetFinancialPlan Subscribe to our YouTube Channel to be informed when we release new episodes! https://www.youtube.com/@readytoretire Connect with Danette Lowe, CFP® https://linktr.ee/trunorthwealth Traditional IRA vs. Roth IRA – Which one is better? In this episode, Danette explores the decision between investing in a Traditional IRA, which offers immediate tax deductions but taxes gains upon withdrawal, and a Roth IRA, whic...
2023-10-2313 minReady To Retire!Ways to Reduce the Financial Stress of 5 Major Life TransitionsIn this episode, we explore practical strategies to alleviate the financial strain that often accompanies five major life transitions: Relocating to new places, Navigating career or job changes, Managing finances through relationship shifts, Coping with unexpected health events, and Finding stability during times of loss or grief. Tune in to discover expert insights and actionable tips for achieving financial peace of mind during these pivotal moments in life. Start YOUR FREE Financial Plan Today: Now available – FREE ACCESS – to a Financial Plan...
2023-10-0921 minReady To Retire!10 Simple Tactics to Grow Your WEALTH in Your Free TimeDon't miss out on these easy steps that can make a big difference in your financial journey. Uncover practical strategies, in our 1 YEAR Anniversary Episode, that can boost your wealth while fitting into your busy schedule. The episode explores hidden wealth-building gems to help you achieve prosperity. Start YOUR FREE Financial Plan Today: Now available – FREE ACCESS – to a Financial Planning Tool: Click here: https://bit.ly/GetFinancialPlan Check out our YouTube Channel – Please SUBSCRIBE! https://www.youtube.com/@readytoretire Get YOUR FREE Risk Toler...
2023-08-2118 minReady To Retire!Reducing Investment Risks: Inflation, Interest Rates, Overspending & 8 Retirement Protection Strategies Risk Tolerance Number: Click here to Request YOUR Free Risk Tolerance Number – this quick survey will provide you with an objective look at your risk tolerance. https://bit.ly/GetMyRiskNumber Click here to Download Your FREE “3 Steps” Workbook: https://trunorthwealth.activehosted.com/f/3 What’s included: 3 Steps to Planning an EPIC Retirement Step 1: How will You Spend Your Time? Step 2: Identify Your Income & Expenses Step 3: Putting it all Together Episode 25: In this exciting episode, we'll be delving deep into the r...
2023-07-3124 minReady To Retire!Before You Cash In: 6 Essential Tips to Maximize Your Social Security BenefitsClick here to Download Your FREE “3 Steps” Workbook: https://trunorthwealth.activehosted.com/f/3 What’s included: 3 Steps to Planning an EPIC Retirement Step 1: How will You Spend Your Time? Step 2: Identify Your Income & Expenses Step 3: Putting it all Together Episode 24: In this episode of the Ready to Retire! podcast, host Danette Lowe CFP®, shares crucial tips to maximize your Social Security benefits and ensure a financially secure retirement. Many Americans make common mistakes by starting to claim Social Security without a strategy, potentially leaving thousa...
2023-06-2915 minReady To Retire!Primary Beneficiary vs. Contingent: An Easy Financial Planning Checkup to Protect Your FamilyClick here to Download Your FREE “3 Steps” Workbook: https://trunorthwealth.activehosted.com/f/3 What’s included: 3 Steps to Planning an EPIC Retirement Step 1: How will You Spend Your Time? Step 2: Identify Your Income & Expenses Step 3: Putting it all Together Episode 23: Primary Beneficiary vs. Contingent: An Easy Financial Planning Checkup to Protect Your Family In this episode, I discuss the often overlooked but crucial aspect of financial planning – conducting a beneficiary checkup. Many people neglect to review and update their beneficiaries listed on various accounts, which can lead to unin...
2023-06-1317 minReady To Retire!Inflation and Your Retirement Plan – How to Cope with Rising Costs and Keep Your Savings Safe Discover expert strategies for protecting your retirement plan in times of high inflation, including tips for diversifying your portfolio and building a solid financial plan… Get your free guide here: https://trunorthwealth.activehosted.com/f/3 Download your free workbook: 3 Steps to Planning an EPIC Retirement Step 1: How will You Spend Your Time? Step 2: Identify Your Income & Expenses Step 3: Putting it all Together Episode 22: Inflation and Your Retirement Plan – How to Cope with Rising Costs and Keep Your Savings Safe Learn all about infla...
2023-05-2315 minReady To Retire!Banking Secrets Uncovered: Staying Safe with FDIC Insurance & Insider Story from the 2008 Crisis Empower your financial journey by understanding FDIC insurance, protecting your assets, and learning from the past… Get your free guide here: https://trunorthwealth.activehosted.com/f/3 Download your free workbook: 3 Steps to Planning an EPIC Retirement Step 1: Plan Your Sources of Income Step 2: Identify Your Expenses Step 3: Putting it all Together FDIC Insurance Coverage Calculator: The FDIC provides an online tool called the Electronic Deposit Insurance Estimator (EDIE). This calculator helps you determine if your deposits at an FDIC-insured bank are within t...
2023-05-0916 minReady To Retire!Retire with Confidence: 9 Mistakes to Avoid in Your Financial Planning Retiring soon? We discuss the 9 most common Financial Planning mistakes and How to AVOID them. Plus, bonus advice on choosing an advisor… Get your free guide here: https://trunorthwealth.activehosted.com/f/3 Download your free workbook: 3 Steps to Planning an EPIC Retirement Step 1: Plan Your Sources of Income Step 2: Identify Your Expenses Step 3: Putting it all Together Ready to Retire! Podcast: Episode 20: If you're feeling overwhelmed about planning for retirement, this episode is for you. Danette shares 9 common mistakes that people make when planning for retirement...
2023-04-1811 minReady To Retire!The Power of Planning: 5 Key Benefits of Having a Financial Plan Discover the 5 benefits of financial planning and follow the 6-step process to achieve financial goals, reduce stress, and secure your future.… Get your free guide here-> https://trunorthwealth.activehosted.com/f/3 Download your free workbook: 3 Steps to Planning an EPIC Retirement Step 1: Plan Your Sources of Income Step 2: Identify Your Expenses Step 3: Putting it all Together Ready to Retire! Podcast: Episode 19: In this episode, we explore the importance of having a solid financial plan for a secure and stress-free future. Emphasizing 5 advantages...
2023-04-0413 minReady To Retire!Navigating the Key Financial Milestones of Your Retirement JourneyWhere are you in your financial journey? Whether you’re just starting to save for retirement or already have your retirement party scheduled, take some time to review how to make the most of where you are right now to avoid future problems. In this episode, I outline four important phases of your financial journey and how to prepare for retirement in each step. Check out these 4 phases: 1-Savvy Saver: People who are getting ready to save for retirement, who may not even be thinking about retirement, typically under the age of 50 years old.
2023-03-2217 minReady To Retire!3 Income Tax Blunders to AvoidTax season is fast approaching, so it’s time to ensure your finances are in order. In this episode, I address the common confusion between taxable and tax-deferred accounts as well as 3 income tax blunders you definitely want to avoid. Tax-deferred Account: Refers to a 401k, IRA, or a simple IRA. A tax-deferred account is where you get a deduction from your current paycheck or income tax. You get a deduction now and later when you take the money out. The total amount you withdraw from the account then becomes taxable, and it is taxed at y...
2023-03-0719 minReady To Retire!First Look at The Secure Act 2.0: NEW Retirement Planning StrategiesIn this episode, you’ll learn four key pieces of information from Secure Act 2.0 and how they are beneficial to you right now, including a significant update to the new IRA Beneficiary rule from Secure Act 1.0. The changes made in this new law greatly impact how you should plan for retirement, so through this episode, I will give you tips on how best to utilize these new laws to your benefit. The four key pieces from the Secure Act 2.0: The new RMD (Required Minimum Distributions) age is increasing from 72 to 73 as of 2023 and will change again in 20...
2023-02-1421 min
Shine First TodayBoundaries"The world is run on the backs of women without boundaries." In this episode, we discuss what boundaries are, how to maintain them and why we also need to respect boundaries put up by others. You can't expect someone else to enforce your boundaries. That gives them undue power over your life. Today we’ll discuss boundaries, why they’re necessary, how to set them, and why you need to honor your own boundaries (and not expect others to conform to them). In this episode, you'll hear: What are boundaries, and why we need them...
2023-02-0214 minReady To Retire!9 Ways To Teach Kids About MoneyEven if your children aren’t set to receive an inheritance, they must be educated about money if you want to increase their chances of becoming a financially successful adult. In this episode, I describe nine strategies parents can use to help kids understand how to get the most value out of their money. Check out these nine strategies you can try today: Decision making: Give them a specific amount of money and allow them to decide how they will spend it. You can implement this for allowances or special occasions like a trip to a the...
2023-01-2416 minReady To Retire!5 Key Considerations for Early RetirementConnect with Danette : https://linktr.ee/trunorthwealth If you’re considering retirement before the age of 60, there are a few key things you must consider to ensure you’re financially prepared. You need to have an understanding of how your age will affect your social security payout, how you plan to pay for health insurance, what penalties you may incur for withdrawing early from an IRA, and what the ups and downs of both inflation and the stock market mean for your retirement. In this episode, I cover how social security, Medicare, IRAs, inflation...
2023-01-1013 minReady To Retire!How to Set & Prioritize Financial GoalsSo often when people think about financial goals, they believe money deserves the most attention, but in reality, it’s the end result that’s the center of your goal. Whether that result is a special experience, like traveling to a bucket list destination or visiting family every year, or perhaps something you’ve wanted forever like your dream home or car, your financial goals are entirely up to you. It’s important to get clear on what you want, how you want to feel, and what steps you will follow to make your goals happen. Discover...
2022-12-2025 minReady To Retire!How to Create a Wealth Vision BoardIn a recent survey, 43% of Americans admitted they simply guess when it comes to how much income they will need in retirement. Rather than leave it to chance, it’s imperative to think about how you want to spend your time in retirement to have a solid understanding of how much money you’ll need in the future. Creating a wealth vision board is an excellent way to get clear on what experiences you want to have, where you want to travel, what you want to own, and so much more. In this episode, I share 4 si...
2022-12-1524 minReady To Retire!Gratitude + Gifting StrategiesWith the holidays comes a season of giving, and sharing your wealth with those you love or causes you hold dear to your heart can make for a pretty fantastic, maybe even life-changing, gift. You can help a loved one purchase their first home, pay for college, or ensure the charity of your choice receives a boost in funding. In this episode, I share fun and creative gifting strategies and what you need to know about charitable giving. Remember that you always want to verify if the organization you donate to is a qual...
2022-11-1518 minReady To Retire!5 Fun & Easy Savings HacksIf you build a healthy habit of saving, you will have more control over your finances. You can start with small changes and watch the savings add up! In this episode, I lay out some of my favorite savings hacks I’ve learned from different clients over the years. These hacks can easily be implemented to help you start building a habit that helps you decrease your spending and increase your savings. Here are my 5 favorite Savings Hacks: 1-Analyze Your Spending: Understand how much money you have going out each month. What are...
2022-11-0131 minShine First TodayHow Patience Can Help You Achieve Goals FasterIt’s easy to confuse patience with waiting around and doing nothing, but patience is a very powerful action that makes a world of difference when working towards your goals. Having patience means making intentional choices about how you want to spend your time, money, and energy on what you hope to achieve. In this episode, I recall the consequences of being impatient as well as the beauty that transpires when we take the time necessary to think through big decisions. I know being patient isn’t always easy, and I hope hearing my own...
2022-10-2516 minShine First TodayIntroducing Inspired ThinkingWelcome to Shine First Today! I am so excited to share this podcast with you. Juggling a career, family, relationships, and trying to accommodate everyone and everything in your schedule can lead to overwhelm, anxiety, and panic attacks. I know this because I experienced it myself but thankfully found a solution that allowed me to move out of overwhelm and chaos to being calm, centered, and grounded—I followed my own internal guidance system. I created this show and launched the Shine First Today website in hopes of sharing how you, too, can tap in...
2022-10-2402 minReady To Retire!Should I Pay Off My Mortgage–Yes or No?There is no one-size-fits-all answer to the popular question of whether or not to pay off your mortgage. Instead, it’s helpful to get clear on what makes the most sense for your current and future life by considering your goals, values, wishes, and desires, and where you want to be in the next 5, 10, or even 50 years. In this episode, I offer an easy framework to address your mortgage questions as well as possible solutions if you want to pay off your mortgage early. Framework of Mortgage Considerations: How long are you planni...
2022-10-1823 minReady To Retire!How to Make Better Financial Decisions – What are Your Biases?Are you familiar with different types of biases and which ones influence you the most? Whether you realize it or not, biases influence how you make financial decisions. In this episode, I break down some of the key biases that most often impact our minds when we’re deciding whether to save, invest, or spend. It’s important to remember biases are completely normal and we all have them. Where biases get tricky, however, is when we spend too much time reinforcing our own beliefs and leave curiosity at the door. Entertaining multiple perspecti...
2022-10-0433 minReady To Retire!Four Phases of Your Financial Journey – Which one are you in?Planning for the future doesn’t have to cause fear or anxiety. But how much money should you save now to live comfortably in the future? In this episode, I dive into my tried-and-true framework called the “Four Phases of Your Financial Journey” to help you understand what financial decisions you can make now to better prepare for tomorrow. I’ve used this framework successfully for years with my clients and I think it’ll work great for you, too. Also, I’m sharing the best savings advice I received ages ago from my own mother th...
2022-09-2027 minReady To Retire!The Key Lesson to Learn in Preparation for RetirementSimply spending less money than you make is the secret ingredient to budget success, in life and especially in retirement. But why is it so difficult for us to spend less than we earn? In this episode, we’re going to talk about how to avoid overspending. There are several recurring themes individuals seem to ignore. I’m hoping to raise awareness about these patterns in an effort to keep you from going down the tempting path of overspending. In addition, I’ll be discussing some solutions for each form of overspending and highligh...
2022-09-0828 minReady To Retire!Protecting Yourself From Online ScammersWhat would happen if you fell victim to online scammers? As we prepare for retirement, we’re doing all the things to secure our savings, line up legal documents, and prepare for the next 30+ years of adventure and freedom. Online scams are becoming more prevalent and falling victim to these scams could definitely throw all our well-laid plans completely off track. In this episode, not only will we discuss the most common scams and how to avoid falling for them, but I’ll also provide some guidance for those who have already fallen victim to scams...
2022-08-1631 minReady To Retire!Part 3: Planning your Epic Retirement - Connecting it All Together!The best route to retiring with confidence is to plan for the lifestyle and activities your want and organize your own retiree cash flow around funding those dreams. Part 1 (Listen here) walked you through the thought process of planning the lifestyle you want during your retirement years. You can create a vision board, journal, or simply visualize where you envision yourself, the people who surround you, and the feelings you want to have. Your second step (part 2 here) is to compile an itemized inventory of all your potential sources of income in retirement. I...
2022-08-0930 minReady To Retire!Part 2: Planning your Epic Retirement - Most Common Forms of IncomeWhenever you consider what your life will look like in retirement, I’m sure travel, time with family, and other joyous freedoms come to mind. It’s important to consider, however, where your cash flow will come from during those retirement years. In the last episode, I encouraged you to dream. We walked through outlining what you’ll do with your time beyond scheduling a few vacations so that when you retire, you can fully embrace the freedom you’ve worked so hard to earn. Here’s the outline of your 3 steps to planning an epic retir...
2022-08-0934 minReady To Retire!Part 1: Planning Your Epic Retirement - What Will You Do With Your Time?“All you have to do is imagine the things you want to do and make them happen.” Planning your epic retirement is a three-part series that will assist you in making the necessary preparations so that you can enjoy the retirement of your dreams. Part 1- What are you going to do with your time in retirement? (This episode!) Part 2- What are your sources of income in retirement? Part 3- Making it all work Retirement can seem overwhelming when you consider everything involved with making plans for how you’l...
2022-08-0917 minReady To Retire!Retiring During a Market CrashWhen you're approaching retirement, what do you do if the market suddenly drops? When it comes to financial planning, this has been the most challenging scenario by far. Numerous recessions have occurred throughout the past 30 years, and we’ve bounced back from every single one. Remember the dot-com era in the 1990s? There were even a few in the early 2000s with 9-11 and the housing crash of ‘08. Then, during the Coronavirus pandemic, the stock market experienced significant declines as a result of the newly discovered uncertainty, but it bounced back within 6 months. ...
2022-08-0921 minReady To Retire!Introducing the Ready to Retire PodcastAre you Ready to Retire? Have you saved enough? At what age should you retire? These and many more questions are probably swirling around in your head any time you look at your investment accounts or think about your 401k, pension, or social security. Or maybe you’re just tired of working and wondering when you’ll be able to quit confidently! With Danette Lowe, CFP®, and her 20 years of experience in retirement planning, you’ll hear real stories, learn more about how to plan for an epic retirement successfully, and hear actionable advice to help yo...
2022-08-0503 min