The Red Zone Retirement Program

We got a great question from a listener: "My investments didn't do as well in the last 12 months as the overall market has done. Should I be re-evaluating my advisor based on this lack of performance?" It's a question a lot of people ask at some point in their investing lives, and John breaks down the answer today. Turns out, if your portfolio is doing what it was designed to do, that's the scorecard that matters. Here's some of what we discuss in this episode: 📊 "The market" isn't a single benchmark—comparison matters 🎯 Your portfolio's purpose matters more than performance ⏳ One year is not enough time to judge results ⚖️ Diversification means you won't match any one index 🛑 "Wait it out" is not a complete strategy   Book an appointment with us: http://bookachatwithjohn.net  Get in touch with us: https://mearsmoney.com/  Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  In honor of National Volunteer Week (April 19-25), let's talk about why volunteering is an important part of life, especially in retirement. Retirement isn't just about stepping away from work. It's an opportunity to step toward the things you've always cared about, with more time and freedom than you've had in decades. Here's some of what we discuss in this episode: 🌟 Finding purpose after retirement through volunteering ⛹️‍♂️ Opportunities in sports (e.g., coaching, equipment management, and more) 🏠 Volunteering with organizations supporting youth aging out of foster care 🛠️ How you can use your talents, such as teaching or event planning, to give back 💰 Using your financial resources to support charitable causes Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/  

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  AI headlines are everywhere right now, mostly bold predictions about how artificial intelligence will reshape the economy. Instead of reacting to the noise, John steps back and looks at what the data actually suggests about AI and the workforce. He also walks through the top questions people in their 50s and 60s are Googling about AI and retirement, giving clear, practical answers. The searches reveal what you're worried about, but John shares what you should actually do about it. Here's some of what we discuss in this episode: 🏈 Don't Panic: Headlines aren't a game plan ⚠️  Job Disruption Reality: Change is coming, but not overnight 📊 Portfolio Exposure: AI is already baked into markets 🧠 AI As A Tool: Great for data, not decisions 🎯 Planning Wins: Strategy beats fear every time   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/  

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  Nobody likes tax season. But for new retirees, it can come with a few unwelcome surprises. The rules have changed, the income sources have shifted, and strategies that made sense during your working years may no longer apply. Today, John looks at some of the biggest tax mistakes retirees make as discussed in a recent Kiplinger article and whether these match what we see in the real world. Here's some of what we discuss in this episode: 📊 RMD Rules: Required distributions can raise taxable income 🔁 Roth Conversions: Timing conversions can reduce future taxes 📈 Tax Bracket Strategy: Conversions must consider bracket thresholds 💰 Social Security Taxes: Benefits can become partially taxable 👫 Spousal Tax Planning: Surviving spouses often face higher taxes Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/  

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  Selling a business is one of the biggest financial decisions you'll ever make. It's not just about finding a buyer, it's about structuring the deal correctly, minimizing taxes, and making sure the sale supports your next chapter of life. John coaches us through major considerations business owners need to think about before signing anything. A business sale can create tremendous opportunity, but only if it's handled with intention and strategy. Here's some of what we discuss in this episode: 📊 Installment Strategies  📈 Investing the Proceeds  🏠 Income & Lifestyle Planning  🤝 Using a Broker  📚 Final Takeaways    Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/  

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  Inheriting a home can feel like a blessing, until the tax questions start piling up. John walks through the playbook for handling inherited property the smart way. This big financial decision deserves careful thought and consideration, not quick reactions. When it comes to inherited real estate, you don't want to move without a game plan. Here's some of what we discuss in this episode: 📈 Step-Up in Basis: Resetting value at inheritance 💵 Fair Market Value: Why timing matters 🧾 Capital Gains Impact: Selling without surprises 🏘️ Rental Considerations: Income vs liability trade-offs ❤️ Emotional Attachments: Sentiment versus strategy Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/ 

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  John tackles a listener question that feels like a red-zone moment: trade $600 a month now or protect your spouse for life. Using real-world examples and a coach's perspective, John breaks down the tradeoffs, risks, and emotional weight behind pension elections. When the stakes are this high, understanding your options before you choose can make all the difference. Here's some of what we discuss in this episode: ⚖️ Pension Tradeoffs: Income today versus certainty tomorrow 🏠 Survivor Reality: Why expenses don't drop as much as people assume 🛡️ Insurance Angle: Using life insurance as a possible planning tool 🔐 Locked-In Choices: Why pension elections often can't be changed ❤️ Emotional Factors: Balancing math, longevity, and peace of mind   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/ 

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  What's new in 2026 for retirees & pre-retirees? John covers several updates that could quietly impact your cash flow, taxes, and savings strategy. A quick review now can help make sure changes in 2026 work with your plan, not against it. Discover actionable reminders and why your next steps matter more than ever. Here's some of what we discuss in this episode: 🧭 2026 Overview – Key retirement-related changes for the year 📈 COLA & Medicare – Social Security increases offset by premiums 🧾 Social Security Taxes – Senior deduction impacts taxability 📊 Catch-Up Savings – Higher contribution limits for older workers 🔁 Secure Act 2.0 – Roth rules reshape contribution strategies   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  Join John as he wraps up the year and answers some of the biggest questions on listeners' minds. This episode dives into real-world financial concerns, practical strategies, and tips to help you keep your retirement game plan on track. John cuts through the noise with straightforward answers that help you think clearly about the retirement decisions that matter most. Here's some of what we discuss in this episode: 🎁 Holiday Gifting: understanding limits and smart giving strategies 💰 Excess Cash: balancing comfort with inflation risk 🏡 Downsizing Moves: equity, mortgages, and retirement timing 📚 Resources: planning tools and helpful tips for the upcoming year   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  Celebrate our 100th episode as John tackles the ever-important topic of Social Security and retirement planning. In this milestone show, we discuss key considerations for deciding when to claim Social Security benefits and the common mistakes to avoid. Tune in for expert insights and practical advice to help you make informed decisions about when to take Social Security. Here's some of what we discuss in this episode: 🚫 Don't Rush at 62: the common arguments for claiming early 📊 Why Waiting Pays: the math behind delaying benefits ⚖️ Policy & Politics: how system changes may (or may not) impact you 🎯 Smart Claiming Strategies: building a personalized approach 💛 Feelings vs. Facts: balancing emotion with long-term financial impact   Book an appointment with us: http://bookachatwithjohn.net  Get in touch with us: https://mearsmoney.com/  Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/  

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  You've heard the saying, "There's no such thing as a bad question." But in retirement planning,  some questions are definitely better than others. The way you frame a question often determines the quality of the answer, and sometimes the quality of your entire retirement. Today, John goes through some of the most asked questions and how to reframe them to get clearer, more useful answers. Here's some of what we discuss in this episode: 🦃 Thanksgiving Traditions: John's holiday traditions and favorite Thanksgiving meal 📉 Volatility Reality: understanding sequence-of-returns risk in retirement 💼 Advisor Value: what you pay for vs. what you get ⚖️ Risk Management: adjusting portfolios to match real-life goals 💵 Cash Decisions: avoiding emotional market timing and poor allocation choices 🏛️ Social Security: framing smarter questions around timing and strategy   Book an appointment with us: http://bookachatwithjohn.net  Get in touch with us: https://mearsmoney.com/  Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  In football, every great play starts with a solid game plan, and generosity works the same way. Giving feels good, but giving wisely wins championships. Today, John breaks down the playbook for smart, purposeful generosity and shows you how to make every dollar count. Because when it comes to giving, it's not just about moving the ball, it's about leaving a lasting legacy on and off the field. Here's some of what we discuss in this episode: 📅 When to Give: Timing your donations for both impact and efficiency 🎁 Non-Cash Giving: Donating appreciated stocks, property, or other assets 💵 How Much to Give: Setting intentional goals without losing flexibility 💰 Tax Efficiency: Making the most of deductions and donation timing 🏦 Qualified Charitable Distributions (QCDs): A tax-smart way to give from your IRA   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/  

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  Fidelity just released their 2025 Retiree Health Care Cost Estimate. The number is staggering: $172,500 for a 65-year-old retiring today. The bigger problem? One in five Americans hasn't even thought about health care costs in retirement. Today, John breaks down exactly what this means, why it matters, and how to prepare. With the right planning, you can make health care just another line item in your retirement budget, not a financial shock. Here's some of what we discuss in this episode: 📈 Fidelity's 2025 Report Takeaways: retiree health care costs climb again ⚠️ Gen X Wake-Up Call: many still unprepared for medical expenses 🏥 Medicare Misconceptions: understanding what's covered and what's not 💰 HSA Power Move: using Health Savings Accounts as a retirement tool 🧭 Smart Strategies: how to plan ahead and reduce health care costs   Fidelity Releases 2025 Retiree Health Care Cost Estimate: https://newsroom.fidelity.com/pressreleases/fidelity-investments--releases-2025-retiree-health-care-cost-estimate--a-timely-reminder-for-all-gen/s/3c62e988-12e2-4dc8-afb4-f44b06c6d52e Learn more about Medicare: https://boomerbenefits.com/     Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/  

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  Retirement isn't just about saving money—it's about strategically planning your withdrawals. In this episode of Red Zone Retirement, we'll take you through our annual "strategic and tactical" fall meetings, showing how smart planning now can prevent massive surprises later. Here's some of what we discuss in this episode: ✅ How to make Roth conversions work in your favor ✅ The hidden Medicare penalty most people miss ✅ Guardrails that protect your income when the market dips ✅ How strategic meetings can save you $100K+ Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/  

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  In this episode, John steps onto the field and reacts to unfiltered takes from viewers, everything from taking Social Security at 62 to the hidden penalty of healthcare costs before Medicare kicks in. These "back of the napkin" plays may look good in the huddle, but we'll break down where the blocking is weak, what gaps are being missed, and how early mistakes can leave you taking a permanent loss on retirement income and survivor benefits. Here's some of what we discuss in this episode: 🧾 Taking Social Security early means a permanent cut, not a temporary fix 💊 Healthcare costs before Medicare can derail early retirement dreams 🧠 Retirement planning is 95% psychology and only 5% math 🏠 Singles face unique tax and caregiving challenges 📊 Research shows an advisor's value outweighs the 1% fee Book an appointment with us: http://bookachatwithjohn.net  Get in touch with us: https://mearsmoney.com/  Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  Think Medicare is free once you hit 65? Not quite. If your income's too high, there's a hidden surcharge that can quietly shrink your Social Security check by thousands a year. It's called IRMAA. And most people don't see it coming. Let's break down who's impacted and how to avoid it. Here's some of what we discuss in this episode: 💰 IRMAA is a Medicare penalty based on income—not assets 🔙 It looks 2 years backward to determine your premiums 💥 One-time income events like property sales or Roth conversions can trigger IRMA 🧾 You can appeal the penalty with a simple SSA-44 form 🎯 Strategies like QCDs and tax-aware conversions help reduce exposured Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/  

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  In football, one bad play doesn't decide the outcome. A fumble, interception, or blown coverage can rattle a team, but the best players stay calm, adjust, and keep running their game plan. The same lesson applies to your finances. In this episode, John uses football stories from the field to show how to handle financial fumbles without panicking. Setbacks are part of the game. What matters is responding with discipline and perspective so you can stay on track toward your long-term goals. Here's some of what we discuss in this episode: 🏈 Lessons from turnovers and comebacks 💰 Why emergency funds are essential 📉 Market drops vs. panic selling 📰 Ignoring scary financial headlines 📊 Diversification as your defensive line   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/  

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net   When it comes to retirement, the toughest calls aren't always about the market — they're about your life. In this episode, John takes a break from the playbook to field real questions straight from the audience mailbag. Big choices about where to live, how to invest, and when to start Social Security can feel like fourth-quarter pressure, and John's here to help you call the right plays when it matters most. John explores the pros and cons of renting in retirement, why relying on a "dividends only" strategy can limit your options, and the real story behind claiming Social Security after 70. With clear strategies, relatable stories, and a few laughs from the sidelines, he offers a winning game plan for finishing strong and walking off the field on your own terms. The choices you make today can shape your retirement for decades, so tune in to hear real questions and real answers that matter to people just like you. Here's some of what we discuss in this episode: 🏠 The surprising financial benefits of renting in retirement 📉 Why dividend-only investing may limit your flexibility ⏳ Taking Social Security after age 70 🐦 How "go-go, slow-go, and no-go" years impact choices 0:00 – Intro  1:56 – Renting in Retirement (Pros & Cons) 7:08 – Is Dividend-Only Investing Viable?  11:14 – Social Security Strategy at Age 70+ Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/

🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net  Retirement planning isn't about flashy plays- it's about fundamentals.  In this episode, John breaks down the "3 Factor Model," an investment strategy backed by decades of academic research. He explains how focusing on market exposure, small-cap stocks, and value companies can give investors a subtle but powerful performance edge over time. Using football as a framework, John compares successful investing to building a winning team: it's about preparation, sticking to the game plan, and finding hidden advantages. You'll also hear why true diversification goes beyond owning a few mutual funds, and how index investing ("owning the whole haystack") helps reduce risk while increasing consistency. Above all, John drives home that patience, discipline, and smart execution- quarter after quarter- are what win championships in both football and finance. Here's some of what we discuss in this episode: 💡 What is the 3 Factor Model? 🏈 Why "just getting in the game" beats sitting on the sidelines in investing 📉 How small companies and value stocks can quietly outperform the big names 🔁 Why proper diversification isn't just holding multiple mutual funds ⏳ How many years it takes to detect a trend   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/

Big tax law changes always bring big rumors. But before you assume Social Security is now tax-free or that you're getting a $40K deduction just for breathing, let's set the record straight on what's really changing. If you've been hearing wild claims about tax-free retirement or giant write-offs, this conversation may just be the reality check you need. Here's some of what we discuss in this episode: 🧾 New Social Security deductions for seniors 65+ 💰 Not everyone gets a tax cut, despite the hype 🏡 Estate tax tweaks don't replace actual planning 🙌 Changes to the charitable deduction 💵 Tips under $25K are tax-free… for now One Big Beautiful Bill Act Summary: https://www.congress.gov/bill/119th-congress/house-bill/1 Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/

Target-date funds just passed $4 trillion in assets. They're now the default investment in many 401(k)s, and millions of Americans are using them without really understanding how they work. So, are they a smart choice… or just the easiest one? In this episode, John tackles the pros, cons, and misconceptions surrounding target-date funds. We'll break down how they work, why they're so popular, and what you don't know that could be costing you more than you think. We're talking hidden fees, misunderstood risk levels, and why this "set it and forget it" method might be fine at 25, but risky at 50. You'll also learn the real meaning of "glide path," and how it may seriously impact your long-term results. Here's some of what we discuss in this episode: 📈 Pros and cons of target-date funds 🤖 The appeal of set-it-and-forget-it investing 📊 Overlap risk: owning the same thing in multiple funds 🎯 Are target-date funds managed? 🧩 Why a one-size-fits-all fund might not fit you at all Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/

Football is often called a game of inches, and the same can be said for retirement planning. Winning on the field and winning in retirement both come down to the smallest decisions, the fine-tuned plays, and knowing what to look for before it's too late. Yet many people overlook the financial "red zone," where strategy and timing matter most. One wrong move, like a missed RMD or a forgotten beneficiary update, can cost you more than just yards. It can cost you real money and peace of mind. In this episode, John breaks down the unexpected parallels between football and personal finance, sharing real stories and real stakes. You'll learn how awareness, leverage, timing, and knowing your "personnel" all translate into smarter financial decisions. Whether you're a lifelong fan or just looking to tighten up your retirement game, you'll leave with a clearer sense of what details really matter. So, what's the one little thing that could be your financial blindside? Here's some of what we discuss in this episode: 🧠 Spot hidden financial blind spots before they hurt you 📋 Learn how small tax timing mistakes can cost thousands 🏥 Decode IRMAA surcharges 📉 Discover the trap play hidden in company stock plans 🪪 Fix the most common (and costly) beneficiary blunder Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/  

Today, John's answering a question from a viewer about hiring a spouse, or children, in a family business. When structured properly, this strategy can create significant tax advantages and strengthen retirement savings. However, it also carries risks if not handled correctly. We'll break down the real pros, cons, and IRS guidelines around bringing your family onto the payroll. Here's some of what we discuss in this episode: 0:00 – Intro 1:06 – Are there tax benefits to hiring your family? 2:43 – What qualifies as "real work"? 6:55 – Roth IRAs and earned income 10:06 – Insurance and education reimbursement plans 11:43 – Avoid these common mistakes 14:27 – Relationship risks   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/  

Retirement can feel a lot like facing a defensive blitz. Just like in football, when six defenders line up and the offense doesn't know who's coming after the quarterback, retirees can feel surrounded. With market volatility, tax changes, media noise, and conflicting advice, it's hard to know where to focus. If you can't identify what's real and what's just smoke, John breaks down how to approach these decisions with strategy, to make sure your choices don't cost you the game. You'll learn how to recognize financial distractions, avoid costly misreads, and stick to a disciplined playbook that protects your long-term goals. John also covers what belongs in your financial "six-man box" and explains why limiting your financial to-do list might be the best way to stay focused.   Here's some of what we discuss in this episode: 🧠 Simulated pressure: What it means in football and your finances 🧱 Building a disciplined "six-man box" for your financial defense 🚩 Misdiagnosing financial threats—how to avoid interceptions 🎯 Focus, filter, and execute: Lessons from the QB's perspective 🔁 Why your financial plan needs constant film-room review   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/  

Retirement planning isn't that different from calling plays on game day. When the market's throwing curveballs and the scoreboard doesn't look great, you don't panic…but you should adjust. In this mailbag edition, John answers listener questions about navigating market volatility with a level head. Whether it's rebalancing in a down market, knowing when to "buy the dip," or understanding what diversification actually looks like when everything feels like it's dropping, we will break down how you can call the right plays in volatile markets. You'll also hear why knowing your portfolio's standard deviation helps you stay cool under pressure, how dollar-cost averaging can ease anxiety when reinvesting cash, and why diversification isn't dead. If you've found yourself checking your accounts too often lately, let's take a step back, zoom out, and re-center your strategy. Here's some of what we discuss in this episode: 📉 Rebalancing during downturns 📊 Standard deviation: know your number 🔁 Dollar-cost averaging into a volatile market 🧠 Why fundamentals still win the game   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/  

What should you actually do when the market drops? In this episode, John breaks down the recent market volatility and offers a steady voice amid the noise. With headlines warning of global uncertainty and investors feeling the heat, John shares why emotional reactions can lead to long-term regrets and what smart investors should do instead. Drawing on years of experience, John explains why downturns are expected (one in every four years!), the power of rebalancing, and how diversified portfolios are built for all seasons. He also discusses the importance of written income strategies and risk guardrails to help you ride out the storm with clarity and confidence. If market swings have you second-guessing your plan, this conversation will bring perspective, peace of mind, and actionable strategies to keep your retirement goals on track. Here's some of what we discuss in this episode: 📉 Why market drops are normal- and expected 💼 How diversification and rebalancing can help you ⚠️ Unhelpful behaviors to avoid during downturns 🧠 The psychology of investing under pressure 🛡️ Why written plans and guardrails matter   Tariffs Episode: https://redzoneretirement.libsyn.com/what-do-proposed-tariffs-mean-for-your-portfolio   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/  

Tax season is here, but filing your 2024 return is just one piece of the puzzle. Now is also the perfect time to take advantage of new tax rules for 2025—before the year gets away from you. In this episode, we'll break down the key changes and how you can start planning now to make the most of them. With higher standard deductions, increased retirement contribution limits, and updated HSA rules, there are plenty of opportunities to lower your tax bill and boost your savings. We'll also highlight the risks of DIY tax filing, the hidden costs of getting it wrong, and when it's worth working with a qualified pro. Here's some of what we discuss in this episode: 📈 Standard deduction changes—why it matters more than you think 💰 401(k) contribution bumps (including the strange 60–63 catch-up) 💸 The mega backdoor Roth strategy for high earners 🧾 HSA hacks—how to reimburse past medical expenses years later   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM  

We're ready for the return of March Madness and the craziness that will unfold over the next three weeks. We can't give you any tournament picks, but we can take a look at what it teaches us about financial planning. In this episode, we're going to look at the surprising parallels between bracket busting and investing—and why trying to pick stocks can feel a lot like picking the perfect tournament winner. With a 1 in 120.2 billion chance of filling out a perfect bracket, it's no surprise that stock picking success is just as difficult. We'll discuss why most people chase the wrong investments, why emotions cloud judgment, and how building a balanced, diversified portfolio is the smartest strategy—just like owning the whole bracket instead of betting on a single team. Plus, we're going to touch on market trends, investment myths, and why sustainable success in retirement requires discipline—not luck. Before you settle in for a long day of basketball, let's have a little fun first. Here's what we discuss in this episode:  0:00 – Intro 1:45 – Most lost money 4:10 – Sustained success is unrealistic 7:20 – Picking favorites 9:20 – Strategies 11:19 – Final thoughts   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM  

Presidents aren't just leaders of a nation. They're decision-makers who navigate uncertainty, make tough calls, and plan for the future. Today, we're looking at how the leadership lessons of some of America's greatest presidents can help you build a smarter, more secure retirement plan. In the spirit of President's Day, Join John and his co-host as they discuss presidential quotes and the lessons they can teach us about patience, adaptability, and long-term planning in the face of uncertainty. From George Washington's discipline to Franklin D. Roosevelt's strategic vision, discover how these traits can guide your financial journey. Here's what we discuss in this episode: 0:00 – Intro 1:20 – George Washington - patience & discipline 6:06 – Lincoln – adaptability & resilience 10:10 – FDR – strategic vision in crisis 15:20 – Eisenhower – preparation & contingency planning   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM  

The day President Trump took office, he announced plans to implement a 25 percent tariff on goods from Mexico and Canada. Additional tariff conversations have exploded since that day. How might this impact your personal finances and the economy? Today, we'll explain a bit of the backstory of tariffs- what they are, why governments impose them, and the historical content of them. We'll also break down these new tariffs that have been introduced, their potential impact on everyday people, and what you can do to navigate this shifting financial landscape.  Here's some of what we discuss in this episode: 0:00 – Intro 1:26 – Tariffs and their historical context   3:52 – Impact of tariffs on trade and manufacturing 9:13 – Tariffs' effects on consumers 12:57 – Having a diverse and resilient portfolio Resources for this episode: Wolf Street Article https://wolfstreet.com/2025/02/03/what-trumps-tariffs-did-last-time-2018-2019-had-no-impact-on-inflation-doubled-receipts-from-customs-duties-and-hit-stocks/   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM

Social Security claiming strategies can vary greatly depending on family dynamics. This episode explores how different family situations, such as those with a stay-at-home spouse or a blended family, can impact when and how to claim Social Security benefits to maximize your retirement income. Discover how small adjustments can lead to successful retirement planning, and learn about the newly passed Social Security Fairness Act. Explore strategies for single and dual-income households, blended families, and special considerations for those with disabilities. Social Security should not be viewed in isolation but as part of a holistic retirement strategy that includes investments, tax planning, and more. With the recent changes brought by the Social Security Fairness Act, it's more important than ever to stay informed. Here's what we discuss in this episode: 0:00 – Intro 2:25 – Social Security Fairness Act 5:42 – Single income households 8:11 – Dual income households 12:11 – Special considerations for blended families 15:06 – Why you need a Social Security plan going in 16:55 – SSDI vs. SSI 21:19 – Let your advisor know your life circumstances, it matters   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM  

As we kick off 2025, a lot of people consider what they want the year to look like and how to put their best foot forward, especially financially. Think: "new year, new me!" To figure out what the new "you" is all about, sometimes it helps to reflect first on what you've done in the past and what you want to change moving forward. Today, we'll talk about the financial decisions and habits you've maybe had in the past and what changes you can make this year to embrace the new you. From overspending to understanding your net worth, John provides insights and real-life examples to help you rethink your financial strategies. Whether you're struggling with spending habits or unsure of your investments, this episode will help you change your money mindset in a positive way this year. Here's some of what we discuss in this episode: 0:00 – Intro 1:57 – Overspending 6:49 – Reluctance to spend in retirement 10:05 – Take inventory of your portfolio 14:45 – Staying invested 20:24 – Planning   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM  

Do ​you ​rebalance ​at ​the ​end ​of ​the ​year, ​beginning ​of ​the ​new ​year, ​or ​when ​something ​happens ​in ​life? Rebalancing is an artform of sorts, and it's a crucial part of maintaining your financial health as you approach retirement. Let's explore this concept and why it's often more complex than you'd expect.   John will describe how periodic adjustments—whether calendar-based, threshold-based, or triggered by life events—help maintain desired risk levels and asset allocation. Rebalancing isn't about market timing but sticking to a disciplined approach, especially in volatile markets. Learn how to buy low, sell high, and keep your investments on track to ensure long-term financial health and a secure retirement. Here's what we discuss in this episode: 0:00 – Intro 3:53 – What is rebalancing? 5:57 – Calendar based rebalancing 8:43 – Threshold based rebalancing 11:23 – Rebalancing after life events 12:47 – Rebalancing due to market conditions   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM  

Did you know most Americans retire earlier than planned, often due to unexpected health issues, job changes, or financial surprises? These challenges can force people out of work early, leaving them unprepared for decades of retirement. In this episode, we'll explore recent research highlighting the importance of planning for early retirement, even if it's not in your current plans. Discover how unexpected health issues, job loss, and organizational changes can force early retirement and learn about the small adjustments you can make to ensure a successful transition. Tune in for practical advice on managing your retirement strategy, including Social Security and healthcare considerations, and hear real-life case studies that highlight the importance of adaptability. Here's some of what we discuss in this episode: 0:00 – Intro 1:16 – Retirement stats 2:40 – Most aren't prepared 4:03 – Client story 6:59 – Biggest factors 10:00 – How to prepare 16:15 – Retirement happiness   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM

It's a mailbag edition of the show this week as we'll tackle questions about inherited IRAs and investing in 401k. Plus, John's football season as a head coach has come to an end and it taught him a valuable lesson about diversification. We appreciate all the recent visitors to our channel and the feedback they've provided, which is why we wanted to take some time to answer the questions that you've asked us. So we'll talk about the nuances of inherited IRAs and provide some guidance for beneficiaries. Then we'll get into 401k contributions and tax strategies to help you better understand when to take full advantage of this retirement account and when to start scaling back. Tune in to learn how to approach your retirement planning with the precision and strategy of a championship-winning team. Here's some of what we discuss in this episode: 0:00 – Intro 1:12 – Football lesson on diversification 4:09 – What to do with an inherited IRA? 7:54 – Should I stop putting money into the 401k? 12:07 – Final thoughts Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM

Social Security is the backbone of retirement for millions of Americans, but big changes may be coming. There's plenty of speculation about what actions the government will take to extend the life of the program, but now we have a few more specifics of what it could potentially look like. Here's some of what we discuss in this episode: 0:00 – Intro 2:31 – The question asked to the Congressional Budget Office 5:39 – David Walker 7:32 – Early retirement 9:25 – CBO proposal would only put a dent into the math problem 13:17 – Raising the wage base 15:01 – Planning for change 18:26 – Two-minute drill   Get in touch: Phone: 661-775-3704 Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM   

You wouldn't necessarily expect Mike Tyson, Kim Kardashian, and Snooki to dispense valuable insights about financial planning matters. In fact, you'd probably expect the opposite. But with a little bit of creativity, we can get some financial planning pearls of wisdom from even the most unlikely of sources. Join John as he breaks down some quotes from some of the most recognizable celebrities and uncovers how these well-known sayings can actually relate to financial planning. From reality stars to successful athletes, we'll have a little fun on today's show. Tune in as we break it all down and see what we can learn! Here's some of what we discuss in this episode: 0:00 – Intro 2:25 – Lindsay Lohan 4:49 - Snooki 7:42 – Charles Barkley 11:05 – Mike Tyson 14:03 – Shaquille O'Neal   Get in touch: Phone: 661-775-3704 Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM 

A video with the simple premise of exploring five regrets from retirees blew up to more than a half-million views on YouTube, and it doesn't surprise us that people are worried about being ready for retirement. It's actually great to see that much interest in avoiding mistakes in retirement. Let's dive into the video and see what regrets made the list and, more importantly, explore what proactive steps you can take to avoid having the same regrets when you retire. John will share his insights on each of these and provide personal anecdotes about what he's seen from clients.  Discover stories of financial planning, health maintenance, and the importance of hobbies to ensure a fulfilling retirement (like a 95-year-old client who is still in a weekly bowling league!)   Here's some of what we discuss in this episode: 0:00 – Intro 3:00 – Wishing they had retired earlier 7:48 – Wishing they spent more earlier in retirement 9:56 – Wishing they had taken better care of their health 13:18 – Wishing they had taken up a hobby 15:38 – Wishing they had traveled more 17:34 – Mailbag   Get in touch: Phone: 661-775-3704 Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM   

Remember the thrill of shaking a Magic 8 Ball to get answers to your childhood questions? Would we ace that math test? Would we be famous someday? Well, today, we're bringing a bit of that magic back. But instead of asking about pop quizzes and playground crushes, we're turning to the Magic 8 Ball for advice on something much more important: your retirement planning! What would the Magic 8 Ball have to say about these common retirement questions if it had the wisdom of a financial advisor? Tune in to find out! Here's some of what we discuss in this episode: 0:00 – Intro 1:57 – Is a million dollars enough to retire? 5:27 – Can I rely on Social Security? 7:52 – Is it wise to have multiple sources of retirement income? 9:21 – Should I review my retirement plan annually? 10:59 – Will my retirement be affected by future tax changes? 12:58 – Should I consider working with a financial professional?   Home Equity Conversion Mortgage episode https://redzoneretirement.libsyn.com/what-the-heck-is-a-hecm   Get in touch: Phone: 661-775-3704 Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM   

The Medicare Open Enrollment Period will be here before we know it! But what does this mean for you? How does the process work, and who should be paying close attention? In this episode, we'll break down everything you need to know about navigating this crucial period. Open enrollment, running from October 15 to December 7, allows those already enrolled in Medicare to make changes. Whether you're considering switching plans, adjusting your prescription drug coverage, or simply reviewing your current plan, understanding the ins and outs of open enrollment is vital. Join John as he shares invaluable insights on how to navigate the complexities of Medicare and make informed decisions during the open enrollment period. By understanding your options, avoiding penalties, and seeking professional guidance, you can ensure a smooth transition and secure the best possible plan for your needs.   Here's some of what we discuss in this episode: 0:00 – Intro 1:48 – Key open enrollment dates 4:22 – Finding assistance to answer your Medicare questions 7:16 – Things to consider when shopping through open enrollment 8:50 – What to do if you miss open enrollment 11:07 – Inflation Reduction Act 12:22 – Planning ahead 13:42 – Mailbag   Get in touch: Phone: 661-775-3704 Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM   

Remember when you were a kid, always asking 'How do you know?' about everything, like why the sky is blue or where the sun goes at night? That curiosity doesn't go away as we get older; it just turns into different questions, like the ones we face when planning for retirement. Today, we're digging into the 'How Do You Knows' of retirement planning. This is a topic we care a lot about because John is always encouraging his children to be curious. It's important to foster that sense of curiosity in our kids as well as our clients as well. We encourage questions and would rather you ask them than to just wonder what the answer might be.   Here's some of what we discuss in this episode: 0:00 – Intro 2:02 – How much income will you need? 6:09 – How much risk do we need to have? 11:34 – How long do we need our savings to last? 14:06 – When to turn on Social Security 17:26 – Listener question   Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM

What is a Home Equity Conversion Mortgage for Purchase? This financial tool, often referred to as a reverse mortgage, is designed to help you leverage the equity in your home to enhance your retirement strategy. Today's episode is all about HECMs, and John will break down how they work and when they might be worth considering.   So, what exactly is a HECM? Simply put, it's a mortgage you don't have to pay back during your lifetime. Instead of making monthly mortgage payments, the loan is repaid when you sell the home or pass away. This can be a game-changer for retirees looking to improve their cash flow and preserve their savings. Join John to have all your questions about HECMs answered, and find out how you might use them in your retirement plan.   Here's some of what we discuss in this episode: 0:00 – Intro 1:22 – What is a HECM? 5:57 – Appraisals 7:25 - HECM in retirement planning 9:10 – Downsides 11:30 – Long-term care 13:37 - Mailbag   Get in touch: Phone: 661-775-3704 Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM   

Paying for college has become increasingly harder with rising costs. Starting early for your child's or grandchild's education can make a big difference and reduce the need for excessive borrowing later. In this episode, we'll cover the key aspects of college financial planning from the grandparent perspective. Join us as we discuss saving strategies, the importance of starting early, and answer your pressing questions. From 529 plans to Coverdell IRAs, and even gifting appreciated stock, John breaks down various strategies and their tax implications. With the right strategies, you can make a significant impact on your grandchildren's future without jeopardizing your own financial security.   Here's some of what we discuss in this episode:  0:00 – Intro 2:15 – Average annual tuition and fees 3:28 – First steps 6:50 – 529 plan 8:00 – Tax implications 11:09 – Helping multiple grandchildren 15:40 – Coverdell IRA 16:52 – What if it's not used for college 19:00 – Roth as a college tool   Get in touch: Phone: 661-775-3704 Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM   

One of the more exciting parts of the retirement planning process is dreaming about the lifestyle you want to enjoy. For many retirees, travel is a big part of that vision. However, budgeting for trips in retirement isn't quite the same as when you're working and can count on regular paychecks to replenish your bank account. So, how do we factor in your dream vacations when crafting a retirement plan? We'll "pack" all that great information into this episode and even share a few tips for making the most of your travel budget! Whether you are looking to visit children, grandchildren, or embark on a global adventure, join John as he guides you through some of what you should be looking out for as you plan it all.   Here's some of what we discuss in this episode: 0:00 – Intro 1:50 – Start the conversation early 4:00 – Making the actual plans 5:40 – Saving for travel plans 8:00 – Accounting for extra travel expenses 11:27 – Considering additional travel insurance 17:05 – Mailbag   Get in touch: Phone: 661-775-3704 Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM 

Former New York Yankees great Yogi Berra might be better known for what he said rather than how he played, and these humorous yet insightful "Yogi-isms" have stood the test of time. But did you know that these sayings can also offer valuable lessons for retirement planning?   Here's what we discuss in this episode: 0:00 – Intro 2:30 – A nickel ain't worth a dime anymore 4:10 – If you don't know where you're going, you might end up someplace else 6:10 – When you come to a fork in the road, take it 9:48 – The future ain't what it used to be 13:40 – It's like déjà vu all over again 17:00 – Mailbag   Get in touch: Phone: 661-775-3704 Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM   

While you dream about the leisurely days ahead of you in retirement, it's also important to think about some of the less glamorous items, including insurance. In this new season of life, your old policies may no longer suit your needs or may come to an end. So, what types of coverage should you be considering for your golden years? What do you need to keep in mind as you prep for the transition? We're back to walk you through the fundamentals in this two-part episode, as we chat about long-term care insurance and life insurance in part 2. At the end of the episode, John answers a question from a listener, Travis, who asks if he should use a forthcoming settlement from a medical malpractice lawsuit to pay off existing credit card debt or invest it instead.   Here's some of what we discuss in this episode: 0:00 – Intro 1:24 – The reality of long-term care 3:01 – The "why" behind long-term care insurance 7:38 – Lessening the burden on your loved ones 13:27 – Do you need life insurance in retirement? 17:37 – Listener question   Get in touch: Phone: 661-775-3704 Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM   

While you dream about the leisurely days ahead of you in retirement, it's also important to think about some of the less glamorous items, including insurance. In this new season of life, your old policies may no longer suit your needs or may come to an end. So, what types of coverage should you be considering for your golden years? What do you need to keep in mind as you prep for the transition? We're going to walk you through the fundamentals in this two-part episode, covering health insurance, long-term care insurance, life insurance, and more. Stay tuned as we cover the basics you must know about retiree health insurance in part one, breaking down the ins and outs of Medicare, Medigap, and Medicare Advantage plans! Then, at the end of the episode, John answers a listener's question about whether or not to roll over an old 401k due to its recent strong performance.   Here's some of what we discuss in this episode: 0:00 – Intro 2:01 – Thinking about the transition 3:39 – Getting ready for Medicare 7:49 – Medigap vs Medicare Advantage plans 11:25 – How common is supplemental coverage? 14:24 – Listener question   Get in touch: Phone: 661-775-3704 Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM   

Retirement is often portrayed as a time when worries and stress fade away. However, psychologists have determined that retirement is one of the most stressful events that some people will experience in life. In this episode, we'll look at some ways to proactively deal with the stress surrounding the retirement process. While we like to talk about numbers around here (as it's a very important part of the planning process), it's equally essential to address the psychological aspects of this transition. As John has observed with clients, your job likely played a significant role in shaping your identity, and stepping away from it can feel disorienting. Tune in as we share a few tips for embracing this new phase of life with confidence, and remind you that a comprehensive plan should consider more than just numbers.   Here's some of what we discuss in this episode: 0:00 – Intro 1:47 – The lifestyle change 5:42 – Embracing new challenges 6:53 – Keeping your options open 9:56 – Keeping your sense of perspective 12:30 – Finding a good advisor 15:10 – Listener Question   Get in touch: Phone: 661-775-3704 Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM   

Some people just need a reality check when it comes to understanding their retirement. Today, we'll explore why a realistic approach to retirement, inclusive of financial planning and the potential for unexpected challenges, is crucial. The episode kicks off with a candid conversation about the misconceptions of retirement life. The ads make it look easy, but John reminds us that even in retirement, the lawn still needs mowing, and the trash won't take itself out. This isn't to dampen your spirits, but rather to prepare you for the realities that await and to ensure your retirement plan is robust enough to handle them. The episode isn't all about cautionary tales, though. John encourages listeners to dream and share their retirement goals with their financial advisors. Whether it's a second home or a kitchen remodel, he believes in finding ways to make these dreams a reality, (within reason, of course). For this week's two-minute warning, Wendy asks if her investment in American Funds was the right move. Here's some of what we discuss in this episode: 0:00 – Intro 1:34 – Manage your expectations 4:04 – Account for changing expenses 5:30 – Be ready to adjust 7:31 – Do be too proud to get help 10:59 – Sharing your dreams with your advisor 12:33 – Listener Question   Get in touch: Phone: 661-775-3704 Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM       

In today's episode, we're unpacking the toolbox of innovations that promise to redefine the way we approach financial preparation for retirement. From personal finance management software to the abundance of online calculators, there's no shortage of tools aiming to streamline the planning process. But, do they deliver? Listen in as John and Marc take a critical look at these technological advancements, exploring whether they simplify retirement planning or introduce new complexities. They'll dive into subjects like Google, do-it-yourself trading platforms, social media influencing, and more. Then, for our two-minute warning, John answers a listener's question about whether or not to take out a life insurance policy.   Here's some of what we discuss in this episode: 0:00 – Intro 1:34 – Google is great, but consider the context 3:44 – Robo-advisors can be helpful, but may not provide comprehensive planning 5:58 – Online calculators are only as accurate as the information inputted into them 8:23 – The limitations of do-it-yourself trading platforms 11:18 – The rise of financial social media influencers 15:15 – Listener question about life insurance   Get in touch: Phone: 661-775-3704 Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM