Retirement: Harder Than It Looks

Episode 138: Tom Hegna, CLU, ChFC, CASL

Release Date: 04/12/2023

Description: 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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Explicit: No

Uncommon Sense

Release Date: 05/24/2018

Description: In this episode of Retirement Income Solutions, we'll help you understand the importance of non-correlated income. Later, we'll go over uncommon sense - pieces of advice that sound common but are rarely seen in practice.

Explicit: No

The Safe Money Retirement Guy Show – Episode 31 – Underliving Your Retirement

Release Date: 05/30/2024

Description: Introducing the concept of fixed indexed annuities, Bill offers a solution that provides opportunities for market-based gains without risking losses. He highlights the importance of safeguarding retirement income against longevity risk, emphasizing the need to live retirement to its fullest potential without financial constraints. Listeners are encouraged to envision a retirement plan with a guaranteed income floor, providing peace of mind and confidence in their financial future. Bill invites them to explore personalized solutions tailored to their needs, including strategies for spousal survivorship and long-term care.

Explicit: No

Mastering Retirement Cash Flow (Part 2): Understanding Income

Release Date: 07/27/2023

Description: Get ready for part two of our Retirement Cash Flow series! This time, we're diving into the income side of the equation. In part one, we tackled the ins and outs of your expenses in retirement. Now, it's all about understanding the crucial role of income analysis. We'll uncover the secrets of guaranteed income versus the uncertain stuff and shed light on the consequences of retiring without a clear income plan. Don't worry if you're feeling lost - we've got your back with practical solutions and expert guidance. Tune in and take charge of your retirement cash flow!   Episode Resources:  www.brokercheck.com www.advisorinfo.sec.gov   Important Links: Website: https://www.estesfinancial.net/ Call: 817-444-8402

Explicit: No