Shows
Retire Simply PodcastEpisode 102: Interest Rate Risk and Your Plan - Part 1Scott and Angela start a two-part Retire Simply podcast series discussing different strategies that can help you navigate the current bond market and help preserve your investments from the risks associated with rising interest rates.Tune-in next week to hear Part 2!Key takeaways:• What are Interest Rates and How do They Affect Retirement Planning?• The Impact of Rising Interest Rates on Your Savings• How to Manage Your Retirement Plan
2023-02-0813 minRetire Simply PodcastEpisode 101: SECURE Act 2.0President Biden signed the SECURE 2.0 Act into law on December 29, 2022. This legislation makes some notable changes. It is projected to reshape retirement for years to come by making several changes to retirement account rules. Listen in today and Scott and Angela bring you current information about how these changes could affect you. Changes like:• RMD Age has change for many of us• Higher Catch-up Contribution Limit• The Lost and Found for 401(k)s
2023-01-3114 minRetire Simply PodcastEpisode 100: Happy to be Here!This is the 100th episode of the Retire Simply Podcast. We’ve had a lot of fun! It has been a wild and beautiful ride getting to stay connected with you as we aim to guide you throughout retirement! Always bringing you…• the latest retirement updates • tips to help implement them • great recipes and stories that we think you’ll loveWe are so grateful for you! All the support and appreciation you’ve sent us and the team at Compass Retirement is the fuel that keeps us energized and ready to bring you w...
2023-01-2407 minRetire Simply PodcastEpisode 99: Those Awkward Holiday ConversationsScott and Angela share a few conversation starters to help you get through those holiday parties and social gatherings with friends and family where you might need to fall back on something to get those fun (non-argument-starting) discussions going!
2022-12-2021 minRetire Simply PodcastEpisode 98: A Wild Year in the Rearview Mirror and a Look Ahead to 2023Scott and Angela discuss the crazy year we just experienced, from market volatility to inflation and everything that can threaten your retirement. Then, the duo takes a look at the upcoming year and what you can address in your retirement plans.Key takeaways:* Reviewing the Headwinds of 2022 - GDP - Inflation - Interest Rates - US Market* Looking ahead to 2023* Benefits of a solid Retirement Plan* Primary areas to address
2022-12-1316 minRetire Simply PodcastEpisode 97: It’s Your Time Ladies!In today's podcast Angela shares that she's back out in the community hosting Retire Simply Women Events. Women typically face many different challenges and obstacles than men in their retirement. Listen in today as Angela shares with you some of women’s top concerns and ideas about how to find your way through today’s retirement landscape!
2022-09-2706 minRetire Simply PodcastEpisode 95: 29029Scott's commitment is become the best version of himself, while encouraging others to do the same. He is embarking on a massive challenge in Snowbasin, Park City, Utah, a challenge that will take a physical and mental toll. In a special episode of the Retire Simply Podcast, Scott gives details of the 29029 Everest Challenge, The Jones Project, and how you can take help support him.Donate here: https://thejonesproject.org/29029/scottwinstead/More information on the 29029 Everest Challenge: https://29029everesting.com/Key takeaways:• What is the 29029 Everest challenge?• The story of J...
2022-08-1614 minRetire Simply PodcastEpisode 93: The Hidden Tax Inside Your RetirementKey takeaways:IRRMA- what you don’t know could hurt you.Wow! I never expected a lookback.62 could be the way to go.
2022-07-1214 minRetire Simply PodcastEpisode 92: The Tax Surprise that Could Eat You AliveWhat happens to your personal finances when your spouse passes away? You may be shocked by how this impacts your taxes. Scott and Angela explain the difference between the tax brackets for married people versus individuals.Key takeaways:• The tax bracket exchange, when someone dies… it sure can change• Now you know, don’t let your problem grow!• It a may be an uncomfortable conversation that could save a terrible situation.*Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualifie...
2022-07-0716 minRetire Simply PodcastEpisode 91: Protect Your Legacy RoundupIn this episode, Scott and Angela go over what you need to have in order so you can leave a lasting legacy and estate plan!Key takeaways:• Taking Inventory• Maintaining Your Lifestyle• Tell them what to do!• Review your Beneficiaries.• Do you need professional help?• Make sure you’re current.
2022-06-2113 minRetire Simply PodcastEpisode 90: Do I Need a Living Trust?We receive lots of questions about living trusts. Listen in as we share about five reasons you don't need a living trust in the state of Texas, as well as three reasons you might.
2022-06-1415 minRetire Simply PodcastEpisode 89: 3 Things to Know About Estate PlanningYou don’t need a lot of money to have an estate plan. There are a few necessities that we will be talking about today.Key takeaways:• Start with a will.• Let’s talk about a Financial Power of Attorney.• Who will make decisions regarding your health if you can’t?
2022-06-0714 minRetire Simply PodcastEpisode 88: Can You Time the Market?Can you really time the market? No one has a crystal ball that can predict the future, so trying to time the market may cost you in the long run. Scott and Angela explain why time IN the market makes more sense than timing the market.Key takeaways:• It's not about timing the market, but about time IN the market.• Getting in and getting out may not accomplish what you want.• Missing even a few of the best trading days can have a big impact on your account value.• It’s imp...
2022-05-2414 minRetire Simply PodcastEpisode 87: Times Like These - The Importance of a Well Thought Out Plan.You may have a stock portfolio and a few savings accounts, but do you have a written financial plan? If you don't have a written financial plan for retirement, then you are just wishing. Scott and Angela explain why it's crucial - particularly in times like these - have a plan.Key takeaways:• Worst four months since 1939?• Portfolio positioning versus an adaptable and flexible plan.• It may be time to get out of the rain and seek shelter.
2022-05-1017 minRetire Simply PodcastEpisode 86: Recession PlanningThroughout your normal daily tasks are you hearing that scary word….Recession?This may be a good time to review your budget, portfolio, and short-term cash situation. Listen in as Angela and Scott talk about what a big change in the market might mean. And is protection available?
2022-05-0321 minRetire Simply PodcastEpisode 85: Insurance and LTCListen in as Scott and Angela talk about a unique use of life insurance. Could it be used to help cover your long-term care expenses?Key takeaways:• Accelerated Death Benefit• Tax free care• How is it priced?
2022-04-2615 minRetire Simply PodcastEpisode 84: Life Insurance - Open-mindedBelieve it or not your approach to life insurance may need to be completely different as you near or enter retirement. The conversation may no longer be about making sure the kids are taken care of and the house is paid off. Join Scott and Angela as they talk about a new perspective on life insurance.• Is life insurance an old, outdated tool? • Leverage is key! • Is your money like a Swiss army pocketknife?
2022-04-1215 minRetire Simply PodcastEpisode 83: Roth 5-Year RuleTaxes in retirement seem can be extremely complicated! Today Scott and Angela break down the 5-year rule regarding ROTH accounts…most people aren’t aware of.Key takeaways:• What is the 5-year rule?• What does it mean and why does it matter?• Even more trip wires?
2022-03-2918 minRetire Simply PodcastEpisode 82: Will I be in a Lower Tax Bracket?Most people think they’ll be in a lower tax bracket after they retire, but is that true?This is not a one-size-fits all discussion. Make sure you’re asking yourself the right questions.Key takeaways:• Will I really be living on less?• What about my social security?• Can I be doing things now that will help me in the long run?
2022-03-2213 minRetire Simply PodcastEpisode 81: Tax DiversificationTaxes can be overwhelming in retirement. The good news is you don’t have to try to figure it out yourself. The unfortunate reality is there is no one-size-fits-all solution, but don’t worry. Scott and Angela break it down in an easy-to-understand conversation about tax diversification.Listen in to learn about the 3 ways your retirement funds can be taxes. Which is better? Tax-deferred, taxable, or taxed no more?
2022-03-1516 minRetire Simply PodcastEpisode 80: Taxes with a New LensScott and Angela ask you to shift the way you’ve been thinking about taxes. As we move into retirement, it can be beneficial to shift your perspective about taxes…they could be the single largest expense you will have in your retirement.Key takeaways:• Why taxes are important in Retirement?• Paying less might not mean paying less this year.• Having a plan could help you pay less over your lifetime.
2022-03-0816 minRetire Simply PodcastEpisode 79: Smooth Out the RideMost of us have noticed a change in the behavior of the stock market. How do you find your way? Scott and Angela have some great ideas to share. Have you ever heard of a Portfolio x-ray? Tune in to get some ideas that could help you navigate the new landscape.
2022-03-0114 minRetire Simply PodcastEpisode 78: Where Do I Put My Money if I Don't Need It?You've done a good job saving. But how is your money growing... are you on a hamster wheel? Scott shares three different solutions, that you may not know about, that just might be right for you.
2022-02-2219 minRetire Simply PodcastEpisode 77: Risk and Your RetirementThere is so much out there when it comes to risk that makes it easy to get what we call “paralysis by analysis.” Should I use this or that? We get so caught up that we end up just resorting to what we think we should do. This is where we come in!Three takeaways:• The Best Things Out There• Using Tools Differently• Self Management?
2022-02-0817 minRetire Simply PodcastEpisode 76: Market Risk and LemonadeIt can be an emotional roller coaster when you see the market go up and the market go down. See what Scott and Angela have to say about the advantages of every situation.Key takeaways:• Inflation & Interest rates• Lemons to Lemonade• Different buckets to do different things
2022-02-0114 minRetire Simply PodcastEpisode 75: Is Your Plan Flexible?When working on a retirement plan, Scott and Angela don't make a cookie-cutter template that stays the say no matter what happens. You plans needs flexibility, and they discuss the importance of staying nimble in an uncertain retirement environment.Key takeaways:- Different buckets to do different things- Preparing on a sunny day- Nimble plan in an everchanging landscape
2022-01-2515 minRetire Simply PodcastEpisode 74: 2022 Kickoff and InflationStarting off 2022 strong with a topic on many people's minds: inflation. Will prices stay this high? What can people playing for retirement do to address this growing concern?Key takeaways:Is it here to stay?Supply Chain Chaos…What can you do about it?
2022-01-1817 minRetire Simply PodcastEpisode 73: Christmas ConversationsThe last podcast of 2021! Scott and Angela look back on their favorite Christmas memories and reminisce on the year.Key takeaways:• Never a dull moment.• That’s my favorite cookie.• Did Santa fall off the roof?• So grateful for YOU!
2021-12-2117 minRetire Simply PodcastEpisode 72: Year-End Wrap-UpAngela and Scott provide end-of-the-year financial tips to help you finish 2021 strong!Key takeaways:• Saving• Spending• Giving
2021-12-1414 minRetire Simply PodcastEpisode 71: Why All the Volatility?Trying to make sense of them market going up and the market going down. Listen to Scott and Angela as they share their insights.• Headlines• Omicron• Groceries & Gas
2021-12-0715 minRetire Simply PodcastEpisode 70: Happy Thanksgiving: A Few Things you Might Not Know About the Special Day!!Happy Thanksgiving from all of us at Compass Retirement!
2021-11-2314 minRetire Simply PodcastEpisode 69: Roth Conversion WarningWhy is it important to get money to tax free accounts? When I do a conversion, what do I need to think about? This episode describes ways we need to be cautious.Three takeaways:• Cash or Investments• Don’t get tripped up• Make it easy* A Roth Conversion is a taxable event and may have several tax related consequences. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.
2021-11-1618 minRetire Simply PodcastEpisode 68: Roth Conversion RulesWhen do you pay taxes, now or later? How much do you pay? There are ways to help take control of your taxes.Three takeaways:• Money IN• How Much• Income Rules
2021-11-0921 minRetire Simply PodcastEpisode 67: Tax RMD OverviewWhen you turn a certain age you are required to take money out of your accounts. These Required Minimum Distributions can become a hamster wheel when it comes to paying taxes. Three takeaways:• Income You Make• Changes Jan2020• Take Out, Put Back In - Repeat
2021-11-0111 minRetire Simply PodcastEpisode 66: LTC and MedicareWhen it comes to long term care, it is never too early to start planning for it. It is not fun thinking about end of life care, but it is always good to be prepared for when these times come in our life. Three takeaways:• More Likely Than Not• Having a Plan to Move Through• Let’s Talk About It
2021-10-2814 minRetire Simply PodcastEpisode 65: Medicare Advantage vs. SupplementOne of the things we like doing is helping people understand Medicare. It can be a little bit of an alphabet soup, so let us give you a few things to think about when it comes to this type of care.Three takeaways:• Part A Defined• Part B Explained • Fixed Menu or Buffet
2021-10-1918 minRetire Simply PodcastEpisode 64:Our Thoughts on Social SecuritySome people believe social security is just something you take at retirement. It is important to take time to plan this milestone in life. We put together some of our thoughts that can be useful when getting ready to take social security.Three takeaways:• COLA• Cost of Living Adjustment• Plan Your Social Security Like You Plan Vacation
2021-10-1216 minRetire Simply PodcastEpisode 63: Social Security 101Many times we spend more time planning our vacations then strategizing about social security. You need to plan like you are going to live for a long time. These episodes discuss will help you navigate the waters of social security.For more information on Social Security, visit https://www.ssa.gov/
2021-10-0523 minRetire Simply PodcastEpisode 62: Why Would I Need Life Insurance?Just another tool in your tool belt to be used the way you need it. Life insurance can be used in ways you might not know. This episode talks about how to structure life insurance and use it in a way that can benefit your retirement.Three takeaways:• Portable Life Insurance• Paying for Care• How to Deal with Income Loss
2021-09-2815 minRetire Simply PodcastEpisode 61: Ways and Means Tax ChangesWe are taking a break in talking about life insurance to discuss the latest tax changes. The Ways and Means committee of our government have met and proposed some new tax plans. Scott and Angela break down what those plans mean to your retirement.Three takeaways:• Plan, Plan, Plan• Report• Changes
2021-09-2121 minRetire Simply PodcastEpisode 60: Football Season is Here!Scott and Angela share one of their favorite football season snacks: Scott's Famous Buffalo Chicken Nachos!Ingredients:1 Family Size bag of Scoops (tortilla chips shaped like a cup)1 Rotisserie chicken1 stick butter¼- ½ cup Franks Red Hot sauce 2 – 16 oz bags of shredded cheddarBlue cheese dressing (we like Ken’s)Ranch dressing
2021-09-1617 minRetire Simply PodcastEpisode 59: Life Insurance BasicsMost people are aware of life insurance or even have it. Not many people realize the innovation in the financial industry when it comes to this tool. Join us this month as we explore this tool and share some great insight.Three takeaways:• 4 Components• Types• How Much Does it Cost?
2021-09-0719 minRetire Simply PodcastEpisode 58: Risk & a PlanWe end this month of risk talking about a plan. When taking a chance, it is good to pair it with something that keeps you grounded. When you design what you are going to do in retirement, it makes a path for you to follow instead of just winging it.Three takeaways:• Making $ Back • Winging It• Putting a Plan in Place
2021-08-3117 minRetire Simply PodcastEpisode 57: Risk & CarePeople overlook this risk because many times it is an unknown for us. More people need to brave and have the conversation around long term care risk.Three takeaways:• What Ifs• Ease the Burden• Leverage the Dollar
2021-08-2412 minRetire Simply PodcastEpisode 56: How Much is at Risk?When looking at your total plan and money in your portfolio, you need to think about exposure. How much $ is exposed to the market and how much is not?Three takeaways:• Money Exposure• Drawing Income• Percentages
2021-08-1714 minRetire Simply PodcastEpisode 55: Sequence of ReturnsIt is easy to look at the upside, but when it comes to risk you need to think about the things that make a difference when you move from spending to saving. When we work, we aren’t really taking $ out of our accounts, so it becomes important to have good strategy when we start to become spenders. Three takeaways:• Ups and Downs of the Stock Market• Becoming a Spender• Minimize
2021-08-1017 minRetire Simply PodcastEpisode 54: What Can You Stomach?When it comes to risk, it is really about comfort level. What can you stomach to lose? It is always good to talk about risk when things are going good. This will make you prepared when things are not so great.Three takeaways:• Max Risk• Sick to Stomach• Bull or Bear
2021-08-0315 minRetire Simply PodcastEpisode 53: Annuities Myth 7Annuities comes to a close with our last myth. This week we cover care and how this tool can help you solve the care piece of your retirement. Three takeaways:• What Care Looks Like• Long Term Care Events• Busting the Last Myth
2021-07-2714 minRetire Simply PodcastEpisode 52: Annuities Myth 5 and 6We continue with our myth busting of annuities and we also touch on the confusion around different types of tools and how they work when it comes to taxes.Three takeaways:• Tool vs. Taxes• Insurance Company Myth• Re-creating Income Myth
2021-07-2018 minRetire Simply PodcastEpisode 51: Annuities Myth 3 and 4We continue with our myth busting of annuities. There are many opinions when it comes to using this tool in your retirement. We are here to take some of those myths and see how we can come to different conclusions, so you might get a different perspective.Three takeaways:• Fixed Income Sub• Higher Upside Potential • Busting Myths 3 & 4
2021-07-1321 minRetire Simply PodcastEpisode 50: Annuities and Myth 1 and 2The world of annuities is a bit of a mystery. They can be used in different ways and we get many questions when it comes to this tool. This month we will focus on the many things we hear about annuities and “bust” some of those ideas in order to get down to how they can be used in retirement.Three takeaways:• Understanding Annuities• Myths You Have Heard • Busting the Myths
2021-07-0617 min
Retire Simply PodcastDonor Advised FundsWe have many clients who want to give some of their legacy to charity. How can giving to a philanthropy benefit you now? Three takeaways: Charitable Giving Benefit While Living Let It Grow
2021-06-2214 minRetire Simply PodcastTaxes and UnemploymentThere is a bonus of stimulus around unemployment this year. Listen as we talk about this benefit that many people might not be aware of yet.
2021-06-1510 min
Retire Simply PodcastEpisode 47: Tax InvestmentsWouldn’t it be nice to have more money in your pocket and not give it all over to the IRS? This episode discusses how to be aware of the types of accounts you own and what it does to your income, to be able to be more tax efficient. Three takeaways: Mutual Funds Re-investment Convert taxable $
2021-06-0817 minRetire Simply PodcastEpisode 46: Taxes and SpousesIt takes planning when it comes to taxes. When your life changes, it can take even more planning. No one who is married wants to think about losing a spouse, but when your life situation changes, taxes need adjusting. Three takeaways: Life Changes MFJ vs SF Tax Rate Changing
2021-06-0114 minRetire Simply PodcastEpisode 45: TravelWhen it comes to traveling this year things have been tough. Trips have gotten moved further out and some never even happened we couldn’t get to the places we wanted to go. We know many of you have been dreaming about traveling, so here are some top spots that are recommended now that we can go again. Three takeaways: Local and World Weekend Getaway Family
2021-05-2519 minRetire Simply PodcastEpisode 44: Inflation is HereThe price of good and services has gone up since January. Inflation can be a risk to your retirement. It is good to take a look at this in within the scope of your entire retirement plan. Join us this episode as we discuss ideas for how to deal with inflation. Three takeaways: Grocery Bill Ideas Standing to Lose
2021-05-1822 minRetire Simply PodcastEpisode 43: Biden Tax PlanThe proposed Biden tax plan can be confusing. What does it mean to the average person? In this episode we talk a little about how this plan is laid out and how you can evaluate your retirement when it comes to the new proposal. Three takeaways: Family Care Act Changes Could Happen Evaluate Your Plan
2021-05-0417 minRetire Simply PodcastEpisode 42: Pork Carnitas YUM YUMSpring has sprung and we hope gatherings will happen soon. We are taking a break from retirement talk to give you a spring dish that your stomach will thank you for. If you are getting together with others, here is a great recipe that your family or friends will enjoy eating! Three takeaways: Passing On Recipes Take It to the Next Level Leftovers Click here for the recipe!
2021-04-2720 minRetire Simply PodcastEpisode 41: Junk DrawerMost people do a good job of saving for retirement. Many people have advisors they have use along the way to help them. I tis important to know that when you get to retirement, it is a whole new ballgame. There needs to be organizational components to help you, so all your assets don’t look like things just thrown in a junk drawer. Key Takeaways: Pieces of a Puzzle All About the Flow Mindset Switch
2021-04-1917 minRetire Simply PodcastEpisode 40: Inflation TranslationThere are some terms that we just need to dive deeper into and inflation is one. One question we get on a regular basis is “Can you help us now with some planning related to inflation, because we think it could be coming?” This episode is all about things to think about if inflation goes up. Three takeaways: What is Inflation? Eroding Values How it Creeps Up
2021-04-1318 minRetire Simply PodcastEpisode 39: Trillions to the MoonThe term “trillion dollars” is just normal these days! This is a lot of money, but we hear it now as we talk about the budget and the stimulus packages within the last year. What does this term mean for your retirement? Key Takeaways: Borrowing $ Fund with Taxes Headlines
2021-04-0622 minRetire Simply PodcastEpisode 38: Risk RoundupThere is so much out there when it comes to risk that makes it easy to get what we call “paralysis by analysis.” Should I use this or that? We get so caught up that we end up just resorting to what we think we should do. This is where we come in! Three takeaways: The Best Things Out There Using Tools Differently Self Management?
2021-03-3017 minRetire Simply PodcastEpisode 37: Preservation, NOT AccumulationWhen thinking about the stock market and your money, it is always good to know how much you can stomach. There will be times in retirement when you have to take money out of your accounts. It is always good to be ready for some different scenarios to know how the market roller coaster rolls down the track. Three takeaways: Money IN vs Money OUT The Piece of Paper Taking $ Out
2021-03-2317 minRetire Simply PodcastEpisode 36: What is Your Score?Many times we are taught that the rate of return is what matters. When saving for retirement, it doesn’t matter as much as you think. The money we keep is more important than the money we make. Find out more about your Risk Score.
2021-03-1620 minRetire Simply PodcastEpisode 35: Types of RiskYour retirement plan needs to be flexible when it comes to risk. There are many ways to consider risk. There are a few types of risk we want to share with you, so that you understand what it does to your retirement planning. Key takeaways: Legislative Risk Interest Rates Inflation Risk
2021-03-0923 minRetire Simply PodcastEpisode 34: UnpredictabilityThe market can be volatile. It changes and we can’t control the ups and downs. We can control how much we want to participate in the up and down of the market. This means we have to consider our risk and plan for it. You always plan for the rain when it is sunny outside. This means there is no time like the present to assess your risk and adjust your plan. Three takeaways: Look at Layers Take Care of Downside Learning from Experiences
2021-03-0217 minRetire Simply PodcastEpisode 33: Roth 101Last episode we discussed meat on the bone and this week we are going to talk about what you can do with that extra meat. Roth IRA’s are just one opportunity you have when it comes to retirement. Since there are many ways to navigate these accounts, we want to give you a quick overview of how they work. Three takeaways: Roth Myths What is earned income? Limits & Deadlines
2021-02-1622 minRetire Simply PodcastEpisode 32: Meat on the BoneYou can get a handle on your taxes! The government controls rates, but there are other things you can control. There are ways to control parts of your income. There are certain accounts that deal with additional savings that can be taxed forever and these are the accounts to look at closely. Also, knowing your tax bracket and how to use it can help you. Taxes are not a year to year project. It is important to look at your tax life journey. Three takeaways: Control Flow Tax Bracket Participation Tax Life…the Long Game
2021-02-0920 minRetire Simply PodcastEpisode 31: 3 Tax BucketsIt is that time of year! It is time for taxes and we want you to consider some things. We are looking at 3 categories and what the money does in each. Key takeaways: Categories to Consider Macro vs. Micro Benefit the Kids
2021-02-0224 minRetire Simply PodcastEpisode 30: Choice MattersIncome gives us choices in retirement, so we have been spending this month talking about what you need to know when it comes to your income. Key takeaways: Income Review Rates of Return Risk Diversification
2021-01-2614 minRetire Simply PodcastEpisode 29: More IncomeWe are continuing to talk about income and what you need to know to help ensure you have what you need each month. Three takeaways: "No Matter What" Income Fluctuation Income Income strategies to help cover you and your spouse
2021-01-1915 minRetire Simply PodcastEpisode 28: Do I Have Enough?There is one question that we get from the people we work with over and over. Three takeaways: Define “Enough” Want to vs Have to Extras For your copy of the Compass Retirement Budget Worksheet, click here!
2021-01-1216 minRetire Simply PodcastEpisode 27: Re “SOLUTIONS”It is the start of a new year! There are times when we say, “we will worry about retirement when we get closer to it.” Why not take 2021 to do some planning and get your goals set? Three takeaways: Target Income Over Exposed Risk More $ in Your Pocket
2021-01-0520 minRetire Simply PodcastEpisode 26: Thank You 20202020 was a year filled with unexpected elements. Some people are ready to move on from 2020, but at Compass we take time to say thanks. We hope you all blaze new trails in 2021. Merry Christmas and Happy New Year! Three takeaways: Getting Punched in the Face Looking Back Looking Forward
2020-12-2210 minRetire Simply PodcastEpisode 25: Charitable GiftingWhen it comes to charity, many retirees are not sure how this strategy fits into their planning. There are ways to give back in retirement. Here are some ideas to think about when giving generous donations. Three takeaways: The Pledge Common Parts of Trusts 2021 & Beyond
2020-12-1516 minRetire Simply PodcastEpisode 24: The Gift of a LegacyIt’s December so why not talk about legacy planning! As you spend the end of the year with family over the holidays, it is a great time to think about your legacy and what you want to leave to them. It is also a good gift to give yourself because when you have a plan in place, you feel more prepared in retirement.
2020-12-0115 minRetire Simply PodcastEpisode 23: GratitudeWe are a week from Thanksgiving and we are reflecting on all the things to be grateful for during this time. We hope going into this week as we head toward Thanksgiving, you all take some time to appreciate what you have even in 2020 when things have been a little challenging. Three takeaways: Concept of Retirement Good to Have Income Our Freedom is a Gift
2020-11-1721 minRetire Simply PodcastEpisode 22: Holiday RecipeCompass Retirement is a place where we like to share our lives with you. We know life isn’t just about retirement. Now more than ever the holidays are a special time. In this special episode Angela share a secret family recipe that you could use for Thanksgiving. Three takeaways: Thanksgiving menus Having the Right Ingredients Time to Get Cooking
2020-11-1016 minRetire Simply PodcastEpisode 21: Plan for the HolidaysSome people put more planning into the holiday season then they do their retirement. The end of the year is coming and we want you to go through Thanksgiving and Christmas relaxing, not stressing. Three takeaways: Curveballs Putting in the Work “After the Holidays” Attitude
2020-11-0315 minRetire Simply PodcastEpisode 20: Are You Ready for the Election?We are only a week away from the Presidential Election. You need to be prepared regardless of who wins. This is a special episode from Scott talking about things to just think about as we approach the election. Three takeaways: Keep Calm and Carry On Look at Market Accounts Tax Free Accounts
2020-10-2716 minRetire Simply PodcastEpisode 19: Life Insurance CAN BE in Your Plan?When thinking about life insurance in different ways, you can get creative. Many people aren’t familiar with the ways you can implement this tool into your overall plan. Three takeaways: Paying for Care Activities of Daily Living The $ You Don’t Need
2020-10-2021 minRetire Simply PodcastEpisode 18: What Type to Get?Now that you know life insurance can be beneficial in retirement…Did you know there are different types? This episode helps you navigate what type you may need in retirement. Three takeaways: Term Insurance Permanent Insurance Criteria to Meet
2020-10-1323 minRetire Simply PodcastEpisode 17: Why Would I Need Life InsuranceJust another tool in your tool belt to be used the way you need it. Life insurance can be used in ways you might not know. This episode talks about how to structure life insurance and use it in a way that can benefit your retirement. Three takeaways: Portable Life Insurance Paying for Care How to Deal with Income Loss
2020-10-0616 minRetire Simply PodcastEpisode 16: Win, Lose, or Draw: Election 2020Election is at the forefront of many people’s minds. What are things you can do to prepare regardless of who wins? Three takeaways: Unknowns and the Market Piece of the Pie All About Balance
2020-09-2915 minRetire Simply PodcastEpisode 15: Medicare 101Medicare can be somewhat confusing. Many people have questions about what Medicare covers. You can take this information and make decisions to customize it for your own situation.
2020-09-2224 minRetire Simply PodcastEpisode 14: It May Not Seem Fair, but It’s RealityTaxes have a specific way of working when it comes to Social Security. We will talk about what you need to know to keep the most dollars in your pocket.
2020-09-1518 minRetire Simply PodcastEpisode 13: Leaving $ on the TableYou paid into it. You should get the most out of it. There are additional benefits that you could get, but you have to know how to get access to those benefits. Offer: Get your complimentary FIFTEEN MINUTE INTRODUCTORY PHONE CALL WITH SCOTT SCHEDULE YOUR CALL! Link to Calendly: https://calendly.com/info-12024/15mincall
2020-09-0823 minRetire Simply PodcastEpisode 12: Making Sense of Social SecurityMany times we spend more time planning our vacations then strategizing about social security. You need to plan like you are going to live for a long time. These episodes discuss will help you navigate the waters of social security. For more information on Social Security, visit https://www.ssa.gov/ Offer: Get your complimentary FIFTEEN MINUTE INTRODUCTORY PHONE CALL WITH SCOTT SCHEDULE YOUR CALL! Link to Calendly: https://calendly.com/info-12024/15mincall
2020-09-0124 minRetire Simply PodcastEpisode 11: Risk and Your Overall Plan - Part 2When you look at risk, the key can be organization. Where does the money need to go based on risk of growth and risk of withdrawal? Buckets can be a good way to plan when thinking about risk.
2020-08-2523 minRetire Simply PodcastEpisode 10: Risk and Your Overall PlanIn retirement we go from being a saver to being a spender. When this starts to happen, the market going up and down could mean a lot to your retirement. In this episode, we discuss how taking money out can change your bottom line and how that relates to risk when planning for retirement.
2020-08-1822 min
Retire Simply PodcastEpisode 9: Know The Score The Right ? to Ask The Bumper Scenario How much can you stomach?
2020-08-1121 min
2020-07-2819 min
Retire Simply PodcastEpisode 7: Design It, Map It, Build ItWhen you see a retirement planner, many times you want to know what it will be like to visit with them. In this episode we discuss our 3 Step Process we use to help you retire with joy, freedom and confidence. This is where the skill and plans take place to make sure you have saved in retirement.
2020-07-2821 min
Retire Simply PodcastEpisode 6: Generating IncomeRetirement is all about income because income gives us a choice. The more income you have in retirement, the more likely you are to be successful in achieving your retirement goals. Income equals choice and we all love having choices. Planning your income in retirement is crucially foundational. Listen to us explain what it means to generate income in retirement. To sign up for our complimentary dinner event, visit https://compassretirement.com/attend-an-event/, or call our office at (817) 328-6152.
2020-07-2120 min
Retire Simply PodcastEpisode 5: The Perfect DayMany of you out there have been dreaming of retirement, hoping that one day it would come. One day is fast approaching or for some of you it is here, so what do you want to do in retirement? For some it is filled with grandkids, traveling, or moving to the place you always wanted to live. It is always good to know how much money it will take to support and make these hopes and dreams a reality.
2020-07-1418 min
Retire Simply PodcastEpisode 4: Sit on the Porch NumberEvery individual is different when it comes to how much they will spend in retirement. There is a certain amount we need in retirement just to live. It is good to know your number as you begin to plan your lifestyle for retirement.
2020-07-0714 min
Retire Simply PodcastEpisode 3: The Laws They Are a Changin’Proper tax planning requires awareness of what is new in 2020. There are a lot of changes for retirement plans when it comes to the SECURE and CARES Acts. In our final episode about TAXES knowing these changes can benefit you in retirement.
2020-06-3016 min
Retire Simply PodcastEpisode 2: How to Build a Tax Game PlanWe all could use a strategy for dealing with our taxes. We continue our series on TAXES with Scott and Angela discussing the keys to when you pay taxes and how that could make a difference in retirement.
2020-06-2315 min
Retire Simply PodcastEpisode 1: Taxes: Forever, Sometimes, NeverWelcome to our first episode of Retire Simply Podcast! Scott and Angela Winstead are a husband and wife duo who share their industry knowledge in a fun and casual way. Listening in can help create a nice foundational knowledge of retirement for anyone in the area. We hope to help by steering the people of our community in the direction of their retirement goals and dreams! Join us the last half of this month for this three-part series on TAXES.
2020-06-1616 min