Shows
Mark Fricks - The Road Less TraveledMark Fricks - Chapter Seven - WHAT ELSE CAN GO WRONG?Join Mark Fricks and Jeff Roediger as we continue on this financial journey. In this session we address these important issues
• Planning right means taking into consideration all the risk factors that affect your retirement savings including longevity, inflation, taxes, health care, personal events and spousal continuation.
• The three aspects of any investment include liquidity, safety, and return. You can choose to maximize any two against the third. Or you can use strategies that combine Yellow, Green and Red Money investment tools desi...2021-09-2326 min
Jeff Roediger - Replacing Wall Street With Main StreetMark Fricks - Chapter Five - Don't Leave Money on The Table: Maximizing Social SecurityHere is what Mark and Jeff Discuss in this session: • You cannot get advice about how to maximize your lifetime benefit from a Social Security representative. They are prohibited from giving advice about when to elect your benefit options. • To get the most out of your Social Security benefit, you need to file at the right time. Every dollar your Social Security income increases is less money you’ll have to spend from your retirement savings to supplement your income. • An Investment Advisor can help you determine when you should file for Social Security to get your Ma...2021-07-1925 min
Jeff Roediger -- Replacing Wall Street With Main StreetMark Fricks - Chapter Five - DON’T LEAVE MONEY ON THE TABLE: MAXIMIZING SOCIAL SECURITYHere is what Mark and Jeff Discuss in this session: • You cannot get advice about how to maximize your lifetime benefit from a Social Security representative. They are prohibited from giving advice about when to elect your benefit options. • To get the most out of your Social Security benefit, you need to file at the right time. Every dollar your Social Security income increases is less money you’ll have to spend from your retirement savings to supplement your income. • An Investment Advisor can help you determine when you should file for Social Security to get your Max...2021-07-0524 min
Jeff Roediger - Replacing Wall Street With Main StreetMark Fricks - Chapter Four - Where is My Paycheck? How Much Money Do You Need To Be Happy?Outliving their money is what retirees fear the most. Build your retirement income from the sound foundation of Green Money, or Know So Money. The foundation of a retirement strategy depends on knowing how much money you need and when you need it.• Identify how much of your income you need now, and how much you need later. Once you have your current Need Now income needs supplied, it’s crucial to the longevity of your income to plan for Need Later Money. This offers another opportunity to look at Red Money investments for growth.• Workin...2021-07-0125 min
Jeff Roediger -- Replacing Wall Street With Main StreetMark Fricks - Chapter 4 The Road Less Traveled - Where is My PaycheckHow Much Money Do You Need To Be Happy?Outliving their money is what retirees fear the most. Build your retirement income from the sound foundation of Green Money, or Know So Money. The foundation of a retirement strategy depends on knowing how much money you need and when you need it. • Identify how much of your income you need now, and how much you need later. Once you have your current Need Now income needs supplied, it’s crucial to the longevity of your income to plan for Need Later Money. This offers another oppor...2021-06-2923 min
Jeff Roediger - Replacing Wall Street With Main StreetMark Fricks - Chapter Three - What Color is Your Money?Over the course of your lifetime, it is likely that you have acquireda variety of assets. Assets can range from money that you havein a savings account or a 401(k), to a pension or an IRA. Youhave earned money and have made financial decisions basedon the best information you had at the time. When viewed as awhole, however, you might not have an overall strategy for themanagement of your assets. As we have seen, it’s more importantthan ever to know which of your assets ar...2020-11-0221 min
Jeff Roediger -- Replacing Wall Street With Main StreetMark Fricks - Chapter Three - What Color is Your Money?Over the course of your lifetime, it is likely that you have acquireda variety of assets. Assets can range from money that you havein a savings account or a 401(k), to a pension or an IRA. Youhave earned money and have made financial decisions basedon the best information you had at the time. When viewed as awhole, however, you might not have an overall strategy for themanagement of your assets. As we have seen, it’s more importantthan ever to know which of your assets ar...2020-11-0120 min
Jeff Roediger - Replacing Wall Street With Main StreetMark Fricks - Chapter Two - WHAT THE HECK JUST HAPPENED?STOCK MARKET RISK AND YOUR RETIREMENT“The U.S. has developed a new weapon that destroys people butleaves buildings standing. It’s called the stock market.”~ Jay LenoThe stock market has long been relied upon to grow money. During retirement, growth is an important part of asset managementand one solution to the dilemma of running out of money. Butwith growth comes risk. How much risk depends on the percentage of your investments connected to stock market volatility.--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/appSupport this po...2020-09-2323 min
Jeff Roediger -- Replacing Wall Street With Main StreetMark Fricks - Chapter Two - WHAT THE HECK JUST HAPPENED?STOCK MARKET RISK AND YOUR RETIREMENT“The U.S. has developed a new weapon that destroys people butleaves buildings standing. It’s called the stock market.”~ Jay LenoThe stock market has long been relied upon to grow money. During retirement, growth is an important part of asset managementand one solution to the dilemma of running out of money. Butwith growth comes risk. How much risk depends on the percentage of your investments connected to stock market volatility.2020-09-2322 min
Jeff Roediger - Replacing Wall Street With Main StreetMark Fricks - Chapter One -- DESTINATION RETIREMENT• Just like planning for a vacation or a trip, your retirementplan needs to consider your goals and objectives, or it won’tbe a good plan for you. The answers to the question, whenshould I retire, will be different for everyone, based on yourlifestyle and the people in it who are important to you.• There is a difference between a retirement product such as amutual fund or annuity and a retirement plan. As you moveout of the working stage of your life, you are no longer earnin...2020-09-1725 min
Jeff Roediger -- Replacing Wall Street With Main StreetMark Fricks - Chapter One -- DESTINATION RETIREMENT• Just like planning for a vacation or a trip, your retirementplan needs to consider your goals and objectives, or it won’tbe a good plan for you. The answers to the question, whenshould I retire, will be different for everyone, based on yourlifestyle and the people in it who are important to you.• There is a difference between a retirement product such as amutual fund or annuity and a retirement plan. As you moveout of the working stage of your life, you are no longer earnin...2020-09-1623 min
Jeff Roediger - Replacing Wall Street With Main StreetMark Fricks - Introduction of the Audio Book "Federal Employees - The Retirement Road Less TraveledFederal Employees - The Retirement Road Less Traveled with Financial Adviser and Federal Employee Advocate Mark Fricks. Mark Shares the mission behind the 2nd edition of The Book "The Road Less Traveled" This is a Financial Roadmap for Federal Employees seeking a secure retirement--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/appSupport this podcast: https://anchor.fm/jeff-roediger/support2020-09-0814 min
Jeff Roediger -- Replacing Wall Street With Main StreetMark Fricks - Introduction of the Audio Book "Federal Employees - The Road Less TraveledFederal Employees - The Road Less Traveled with Financial Adviser and Federal Employee Advocate Mark Fricks. Mark Shares the mission behind the 2nd edition of The Book "The Road Less Traveled" This is a Financial Roadmap for Federal Employees seeking a secure retirement.2020-09-0813 min