Retire With Freedom: Featuring Freedom Financial Group's Toni, Tyler & Tad Hill

What We'd Be Doing If We Didn't Work in Finance

Thu, 16 Jul 2026 05:00:00 -0400

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

What would Tad, Toni, and Tyler teach if retirement planning weren't an option? In this lighthearted and personal episode, the Hill family shares the passions they'd pursue in a classroom setting. From Bible studies and accountability groups to music theory, guitar lessons, and the art of staying organized, the conversation reveals the hobbies, values, and life lessons that shape who they are outside the office.

Here’s what we discuss in today’s show:

📖 Tyler shares why she'd teach a Bible study

🎸 Tad explains how anyone can learn music with practice

🤝 Why accountability helps overcome procrastination

🧹 Toni's philosophy on organization, consistency, and maintenance

Resources:

✨ We can assist you on your journey to financial freedom: https://www.askfreedomfinancial.com/

📞 Phone: 205.988.0006

📅 Schedule a Discovery Call: https://askfreedomfinancial.com/contact/?utm_source=Hero

🎓Attend a Course: https://askfreedomfinancial.com/attend-an-event/?utm_source=Hero

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Retirement Decisions You Can't Afford to Get Wrong

Thu, 02 Jul 2026 05:00:00 -0400

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

Retirement is filled with big financial decisions, and many people don't realize just how many choices can impact their future. In this episode, Tad, Toni, and Tyler Hill discuss the key retirement questions everyone should be asking- from taxes and income planning to spending habits and avoiding costly mistakes. They also explain why so many retirees underestimate their expenses and how procrastination can become one of the biggest threats to a successful retirement.

Here’s what we discuss in today’s show:

🛒 How much can you safely spend in retirement?

📊 Why many retirees underestimate their actual expenses

🧾 The tax challenges of 401(k)s and IRAs

🏠 Should you pay off your mortgage before retirement?

⏳ Why procrastination can derail your retirement plan

🛡️ Building confidence that your money will last

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Retirement Questions Keeping People Up at Night

Thu, 25 Jun 2026 05:00:00 -0400

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

Retirement is supposed to feel exciting… so why does it create so much stress? In this episode, Tad, Toni, and Tyler Hill unpack the emotional and financial pressure that often comes with preparing for retirement. From replacing a paycheck and deciding when to claim Social Security to healthcare concerns, taxes, and long-term care planning, they explain why retirement can feel overwhelming without a clear strategy.

Here’s what we discuss in today’s show:

💸 Replacing your paycheck in retirement

📊 Social Security timing strategies

🏥 Planning for healthcare and long-term care

🧾 How taxes impact retirement income

✈️ Building retirement around your dream lifestyle

🧠 Reducing financial stress with a plan

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Are Your Investments Creating a Retirement Tax Trap?

Thu, 18 Jun 2026 05:00:00 -0400

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

If you’ve built wealth in after-tax investment accounts, you may be sitting on a hidden retirement problem: trapped money with a large capital gains tax bill attached to it. Tad, Toni, and Tyler explain why highly appreciated brokerage accounts can create difficult retirement decisions and why proactive planning matters before you stop working. They walk through the difference between tax-deferred and non-qualified accounts, strategies for managing capital gains over time, and why having both a retirement plan and a contingency plan can dramatically reduce stress when life changes unexpectedly.

Here’s what we discuss in today’s show:

🔒 Trapped investment dollars
📈 Capital gains tax surprises
🧾 Tax-deferred vs after-tax accounts
🛠️ Strategies to reduce tax impact
🗺️ Why retirement needs a contingency plan

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Getting To Know The Hill Family: The Personalities Behind Freedom Financial

Thu, 11 Jun 2026 05:00:00 -0400

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

Tad, Toni, and Tyler Hill share funny family stories, personal traits, and the dynamics that shape both their relationships and the way they serve clients. From Tyler’s “see gone” Pringles story to Toni’s unmatched positivity and Tad’s compassionate personality, this conversation offers a lighthearted glimpse into the people behind the planning process and why family values play such a big role in their approach at Freedom Financial.

Here’s what we discuss in today’s show:

👨‍👩‍👧 The family dynamic behind the business

📋 How Tyler’s diligence shapes her planning

😊 Why positivity defines Toni

❤️ Tad’s compassionate approach to people

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

On the House: Should You Downsize to Fund Retirement?

Thu, 04 Jun 2026 05:00:00 -0400

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

Your home is likely your biggest asset, but when it comes to retirement, it’s also one of the most misunderstood. Many people assume downsizing is the obvious move to free up cash and strengthen their financial plan. But in reality, that decision isn’t always as simple, or as beneficial, as it seems. In this episode, the team walks through real-life scenarios around homeownership in retirement, including downsizing, relocating, and using home equity to support income.

Here’s what we discuss in today’s show:

📉 Downsizing Myth: Smaller doesn’t always mean more money in your pocket

🧮 Financial Tradeoffs: Costs, timing, and lifestyle all matter

📊 Planning Matters: The right strategy depends on your full financial picture

🚧 Common Barriers: Fear, uncertainty, and complexity hold people back

📞 Take Action: Clarity comes from walking through your options with a plan

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The Healthcare Cost Shock That Can Derail Your Retirement

Thu, 28 May 2026 05:00:00 -0400

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

Healthcare planning isn’t the most exciting part of retirement, but it might be one of the most important. And for a lot of people, it’s the thing that gets pushed off the longest. The problem? When it comes to long-term care, waiting can limit your options or make things significantly more expensive down the road. In this episode, Tad and the team break down what people often misunderstand about long-term care and walk through practical ways to think ahead, so one healthcare event doesn’t throw your entire retirement off track.

Here’s what we discuss in today’s show:

🏥 Long-Term Care Reality: One of the biggest threats to a retirement plan

🧠 Know Your Options: Most people don’t fully understand available solutions

🛡️ Life Insurance Strategy: Can provide care benefits or legacy protection

📈 Annuity Approach: Income can increase if care is needed

🎓 Education Matters: Understanding options leads to better decisions

🤝 Spousal Planning: Both partners need to be involved and informed

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Delayed Gratification in Retirement: Tax Strategies & Social Security Timing

Thu, 21 May 2026 05:00:00 -0400

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

In this episode, Tad, Toni, and Tyler discuss the importance of delayed gratification in retirement planning. They explore the potential tax advantages of Roth 401(k) options, strategies to avoid tax traps, and how making strategic decisions today can lead to a more secure future. From the timing of Social Security to the impact of tax-deferred accounts, they explain how planning ahead can help maximize your retirement savings and minimize future tax burdens.

Here’s what we discuss in today’s show:

💰 Roth 401(k): Pay taxes now to enjoy tax-free growth later
📉 Tax Traps: Avoid tax surprises when withdrawing from traditional retirement accounts
⏳ Delayed Gratification: How waiting can be a strategic move for financial security
💡 Social Security: Starting at 62 vs. waiting until 70

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

What To Do With a Forgotten 401(k)

Thu, 14 May 2026 05:00:00 -0400

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

A forgotten 401(k) can create more problems than people realize. In this episode, Tad and the team walk through what happens when you leave old retirement accounts behind- and why confusion around rollovers, taxes, and required minimum distributions is so common. They break down the rules in plain English, explain how rollovers can be done without triggering taxes, and share examples of how disorganization can lead to unnecessary stress in retirement.

The conversation wraps up with a lighthearted discussion about early video games, particularly the classic Pong.

Here’s what we discuss in today’s show:

💼 Why old 401(k)s often get overlooked

🔄 When and how rollovers actually work

🧾 Avoiding unnecessary taxes

📉 The chaos multiple RMDs can create

🧠 Why “common financial knowledge” often isn’t

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Who’s Really Running Your Retirement?

Thu, 07 May 2026 05:00:00 -0400

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

Too many people delay retirement planning because they’re afraid of getting it wrong- but doing nothing is still a decision. In this episode, the team uses wisdom from I Love Lucy to unpack why inaction can quietly hand control of your retirement to taxes, markets, inflation, or politics. The conversation focuses on reclaiming control, simplifying complex decisions, and building a plan that’s intentional.

Here’s what we discuss in today’s show:

🎭 Inaction Is a Decision – Doing nothing still locks in a plan

🧭 Who’s Really in Control? – Markets, taxes, or you?

🧠 Complex ≠ Impossible – The right guide makes it manageable

🛠️ Personalized > Popular – Good ideas aren’t always right for you

🚀 Momentum Matters – Progress beats perfection every time

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The Tax Moves That Shape Your Retirement

Thu, 30 Apr 2026 05:00:00 -0400

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

In this episode, Tad, Toni, and Tyler explain why tax planning is one of the most overlooked parts of retirement preparation and how relying too heavily on tax-deferred accounts can create serious problems later. They discuss why the assumption of being in a lower tax bracket during retirement often doesn’t hold true, how required distributions can trigger unexpected tax consequences, and why those issues don’t always end with you- but can land squarely on your kids. Tune in as the Hills talk about Roth conversions, Roth 401(k)s, and the importance of building tax-free income while you still have control.

Here’s what we discuss in today’s show:

♟️ Why the IRS is “playing chess,” not checkers

💣 How tax-deferred accounts can create a retirement tax bomb

🔄 When and why Roth conversions may make sense

👨‍👩‍👧 How today’s tax decisions can impact your children

🧾 The difference between tax-deferred and tax-free income

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Retirement Lessons You Don’t Want to Learn the Hard Way

Thu, 23 Apr 2026 05:00:00 -0400

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

There’s an old saying: smart people learn from their own mistakes, but geniuses learn from the mistakes of others. Drawing from real conversations with families approaching retirement, the Hills explain why retiring “when it feels right” without a strategy can lead to stress, uncertainty, and missed opportunities. They also explore how unexpected job changes, early Social Security decisions, and overspending in the early years can quietly derail an otherwise solid financial picture. Investing like a genius means recognizing these warning signs now, while you still have the time and flexibility to do something about them.

Here’s what we discuss in today’s show:

⏳ Why retiring too early (by choice or circumstance) can create long-term pressure

🧠 The danger of making irreversible decisions without understanding the trade-offs

🛑 How early Social Security or poor early spending can impact the entire plan

🗺️ Why the last 10 years before retirement offer the most planning leverage

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Getting To Know The Hill Family: Our Earliest Memories

Thu, 16 Apr 2026 05:00:00 -0400

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

In this episode, Tad, Toni, and Tyler step away from the technical side of retirement planning and share something more personal: their earliest memories! They share stories about growing up, stage fright, and learning to step outside your comfort zone.

Those experiences naturally connect to a common issue in retirement planning: hesitation. Many people delay getting a plan in place simply because they don’t know where to start or worry about making the wrong move. The Hills explain why taking the first step matters more than having everything figured out.

Here’s what we discuss in today’s show:

🧠 Tad, Toni, and Tyler’s earliest memories

😰 The emotional side of fear, avoidance, and procrastination

🚶 Why taking the first step matters more than having all the answers

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

9 Retirement Questions You Must Answer

Thu, 09 Apr 2026 05:00:00 -0400

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

As retirement approaches, the questions get louder- and the margin for error gets smaller. In this episode, the conversation centers on a practical “retirement countdown” and the nine key areas every retiree should have clarity on before stepping away from work. From debt freedom and savings shortfalls to portfolio risk, Social Security timing, and income planning, the discussion highlights where most people feel uncertain, and where costly mistakes often hide.

A major focus is tax planning, especially understanding Roth 401(k) options, how they differ from traditional retirement accounts, and why tax diversification matters more than ever.

Here’s what we discuss in today’s show:

⏳ The 9-item retirement countdown checklist

💰 Common savings and cash-flow blind spots

🧾 Roth 401(k) vs. traditional 401(k) explained

📉 Hidden portfolio risk as retirement nears

🧠 Why tax planning and legacy planning must work together

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The Universal Truths of Retirement Planning

Thu, 02 Apr 2026 05:00:00 -0400

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

In this episode, Tad, Toni, and Tyler break down four universal truths that shape every retirement. Instead of letting uncertainty or fear stall progress, they explain how a well-built plan can help insulate you from volatility, rising costs, and the unexpected. The Hills also share how their retirement course helps couples get on the same page, understand their gaps, and finally take action.

Here’s what we discuss in today’s show:

🌎 Universal retirement truths you can’t ignore

🛡️ Building a plan that withstands uncertainty

🤝 Why couples benefit from learning together

⏳ Procrastination as a hidden retirement risk

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Do You Know Where You Stand For Retirement?

Thu, 11 Dec 2025 15:00:00 -0500

📅 Are you ready to retire with freedom? Schedule a discovery call: https://askfreedomfinancial.com/schedule-a-call/?utm_source=Hero

Today’s conversation centers on one of the biggest questions pre-retirees face: Where do I actually stand? Tad, Toni, and Tyler walk through the most common scenarios they see, why so many people underestimate their expenses, and how early planning creates more flexibility and peace of mind. From income gaps to lifestyle goals to tax and legacy concerns, the Hills outline what it takes to truly know you’re ready- and what steps to take next.

Here’s what we discuss in today’s show:

📍 Know Your Spending: Why most people misjudge spending by 30%

🧭 Retirement Readiness: The three common mindsets people bring into the planning process

🏖️ Lifestyle Planning: Define what retirement actually looks like before planning numbers

📊 More Time = More Options: Planning 5–10 years out creates flexibility

🛡️ For High-Net-Worth Savers: Tax planning, LTC strategies, and risk management matter

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Mailbag: Pension Got Bought Out… Now What?

Thu, 14 Aug 2025 05:00:00 -0400

Facing retirement sooner than expected? You're not alone. In this special mailbag edition, Tad, Toni and Tyler dive into a listener’s real-life question about an unexpected early retirement and the sudden loss of a pension. Together, they unpack strategies for building your own pension, making smart decisions with lump sums, and creating a plan that brings clarity, not fear.

As the team talks through Lenny’s situation, the conversation naturally turns to the emotional side of retirement, the anxiety that comes from not knowing where things stand, and the relief that follows once a plan is finally in place. They reflect on how often people delay taking action out of fear, and how just getting started can shift everything. Even the most unsettling retirement curveballs can become turning points, if you have the right guidance.

Here’s what we discuss in today’s show:

📬 Lenny's curveball: retiring at 62 with no pension and big decisions ahead

⚠️ The mistake that wiped out 50% of some retirees' savings

✅ Most people will make changes, they just need to know what to do

⏳ Delaying a plan shrinks your options

🔐 Can fixed annuities can turn a lump sum into joint lifetime income?

Key Takeaway

"The best time to plant a tree was 20 years ago. The next best time is today."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Something You Learned from Your Mom

Thu, 07 Aug 2025 05:00:00 -0400

Ever catch yourself doing something and realize... yep, that’s totally something your mom used to say? In this Getting To Know You episode, Tad, Toni, and Tyler talk about the life lessons they picked up from their moms—some practical, some motivational, and a few that are just plain funny. Toni shares why she’s always ten steps ahead (literally packed for a trip two weeks early) and Tad opens up about learning to believe in yourself and put in the work.

Turns out, those early lessons stick and shape how we show up in life, work, and even our closets. The conversation turns into a humorous story of personality differences, travel quirks, and what it means to be “prepared.” They also touch on how belief, effort, and facing reality head-on are key to getting things done. You might just walk away realizing how much of your mom lives in your day-to-day.

Here’s what we discuss in today’s show:

🧳 Why Toni is Team “Unpack Immediately”

💪 “Rub some dirt on it” (Tyler’s philosophy)

🧠 The mindset Tad learned that fueled his business

🎯 Why belief without effort isn’t enough

📚 The wisdom of Good to Great

Key Takeaway

"You can accomplish anything you want to accomplish if you're willing to set your mind to it and apply yourself."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The Truth About Risk Tolerance

Thu, 31 Jul 2025 05:00:00 -0400

Risk tolerance: it’s a phrase you’ve probably heard tossed around a hundred times. But what does it really mean, especially for someone closing in on retirement? In this episode, Tad, Toni, and Tyler break down why the traditional way the financial industry talks about risk tolerance often misses the mark. It’s not just about your comfort level with market swings, it’s about whether your dollars are doing the right job for your retirement stage.

The trio digs into why many portfolios look like a “junk drawer” (full of random investments without a plan), and they explain how different dollars should serve different purposes—like funding your lifestyle, covering emergencies, or passing wealth to your kids. They also tackle the common “foot on the gas, foot on the brake” strategy: holding risky investments and hoarding cash at the same time. Is your portfolio aligned with your goals, or just riding the market rollercoaster? Tune in to find out.

Here’s what we discuss in today’s show:

📉 Why risk tolerance is more than just a number

🧠 How to think differently about the purpose of your dollars

⚖️ Why diversification alone won’t solve your retirement puzzle

🧰 Is your portfolio a junk drawer? Here’s how to fix it

💵 Is there such thing as too much cash?

Key Takeaway

"Unless you have a very clear, defined, step-by-step plan, you don't have a retirement plan."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Behind the Mission with Frank Long: The Power of Second Chances

Thu, 24 Jul 2025 05:00:00 -0400

In this episode, Tad and Toni sit down with Frank Long, Director of Development at the Lovelady Center, the largest long-term recovery facility for women and children in the United States Frank shares the powerful story behind this Birmingham-based ministry, which serves over 500 women and more than 100 children recovering from addiction, incarceration, homelessness, and trauma.

You’ll hear the inspiring legacy of founder Brenda Lovelady Spahn, a businesswoman who turned a personal crisis into a life-changing mission. Her vision? Not a halfway house, but a whole-way house, offering full transformation through education, parenting, job readiness, and the love of Christ. Plus, hear the story behind what moved the Hills to tears, inspired their team’s involvement, and how you can join an upcoming serve day.

To learn more or take a tour, visit loveladycenter.org.

Here’s what we discuss in today’s show:

💕 Meet the biggest recovery center you’ve never heard of

🙏 The moving backstory of founder Brenda Lovelady Spahn

🎁 How they made Christmas happen for 1,350 kids

🧗 Why there's a rock-climbing wall in the aftercare program

🤝 How you can serve or give back, right alongside Tad & Toni

More about The Lovelady Center: https://www.loveladycenter.org/

Key Takeaway

"We are the largest long-term recovery facility for women and their children in the United States."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Getting To Know You: Favorite Thing To Do As A Kid

Thu, 17 Jul 2025 05:00:00 -0400

This week, we’re taking a break from taxes and market talk to ask the real question: What was your favorite thing to do as a kid? Get ready for a trip down memory lane with Tad, Toni, and Tyler, complete with coat-rack microphones and backyard army battles. Toni spills the tea on how she got her brother in trouble every single night, Tyler confesses to using Shannon as his personal roadie, and Tad? Let’s just say one busted Led Zeppelin record nearly got him banned from his sister’s room forever.

This episode is a reminder that behind every retirement plan is a real person who once lip-synced to Hannah Montana or launched a full-scale attack on a platoon of plastic soldiers. If you’ve ever wondered what your financial planning team was like before 401(k)s and Roth IRAs, this episode gives you a front-row seat. It’s a lighthearted look at the childhood roots that shape how this team shows up today, with humor, heart, and a deep love for helping families.

Here’s what we discuss in today’s show:

🥾 Tad’s backyard army man warfare tactics

🧸 Tyler and Shannon’s pop star performances

🤐 How Toni kept her brother in trouble (and her halo intact)

👨‍👩‍👧‍👦 The heart behind the retirement planning team

🏰 Imagination > iPads: growing up without screens

Key Takeaway

"My favorite thing was listening to music and dancing around the room singing into the coat rack."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Lessons from Noah’s Ark: Preparing Before the Storm

Thu, 10 Jul 2025 05:00:00 -0400

What does Noah’s Ark have to do with retirement? More than you might think. In this episode, Tad, Tyler and Toni draw a clever parallel between building an ark before the rain and planning your retirement before the unexpected happens. Markets shift, tax laws change, pandemics hit, loved ones pass, and the worst time to start planning is in the middle of the storm.

Tune in as the Hill family dives into real-life risks- like losing a spouse’s income, long-term care costs, and sudden tax changes- and share why “just winging it” or following your neighbor’s advice isn’t a strategy. They also break down the difference between a retirement planner and someone who just manages your portfolio, and why it matters a lot when you're five to ten years from retirement. If you want to be prepared for whatever the future brings, this is your invitation to start building your ark now.

Here’s what we discuss in today’s show:

🛶 Why you need a plan before things go wrong

⚠️ Planning for the unknown – Market volatility, long-term care, and life surprises

👥Why advice from friends or generalists isn’t enough

📉 Portfolio management ≠ retirement planning

📅 Why 5–10 years before retirement is the sweet spot for planning

Key Takeaway

"As retirement planners, it's our job to look out into the future and have a contingency plan for the unexpected."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Financial Entertainment vs. Real Planning Advice

Thu, 03 Jul 2025 05:00:00 -0400

You’ve heard the radio shows. You’ve watched the financial “gurus” on TV. They throw out bold advice like confetti: when to take Social Security, what to do with your annuity, how to pick your mutual funds. But here’s the thing: most of them aren’t even licensed to give financial advice. In this episode, Tad, Toni, and Tyler unpack why real, personalized guidance can’t be given in sound bites and why that’s actually a good thing.

They share why real retirement planning is about asking the right questions, understanding your unique situation, and building a strategy designed for you. If you’ve ever felt lost in a sea of generic tips and jargon, this is worth a listen.

Here’s what we discuss in today’s show:

📢 The difference between financial noise and real guidance

🎯 Why planning for retirement requires a different mindset than building your savings

🛠️ The importance of creating a retirement strategy tailored to your life

📚 Key considerations for do-it-yourself investors as they approach retirement

🔍 How to recognize advice that may not be coming from a licensed source

Key Takeaway

"The only way we can give you financial advice is if we have met with you and we have exhaustively gathered information."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Is My Plan Ready for a Market Meltdown?

Thu, 26 Jun 2025 05:00:00 -0400

Markets get choppy, headlines get loud, and investors get nervous. In this episode, Tad, Toni, and Tyler uncover the questions every retiree should be asking when volatility hits. Are you taking the right type and amount of risk? What if the market crashes or takes off tomorrow? And most importantly, do you have someone who’s helping you navigate it all, or are you stuck steering the retirement ship solo?

With their signature mix of warmth, clarity, and straight talk, the Hills break down what it really means to have a retirement plan that holds up under pressure. Because the truth is, once your paychecks stop, your plan can’t afford to fail. This episode will help you think through not just your risk level, but whether your entire strategy is built to succeed in any market condition.

Here’s what we discuss in today’s show:

📉 What happens if the bear market lasts?

🎲 Understanding the type and amount of risk you're taking

🧩 Why your retirement plan must be as unique as you are

👨‍⚕️ Why your advisor should be more like a specialist than a generalist

Key Takeaway

"We can build a plan so that if the market crashes during your retirement, your retirement plan doesn't go out the window with it."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Getting To Know Us: Food You Used to Hate

Thu, 19 Jun 2025 05:00:00 -0400

In this Getting To Know Us segment, Tad and Tyler dive fork-first into a very important topic: foods we used to hate... but now love. We take a break to dish on olives, zebra cakes, goat cheese, and questionable Parisian meals. Spoiler: someone may have fake-declared a food allergy just to survive a five-course dinner in the Eiffel Tower. No judgment.

We also talk about adventurous eating abroad, picky siblings who live on mac and cheese, and the great mystery of whether Tad actually likes collard greens, or just the pepper sauce he drowns them in. If you’ve ever had a food ick turn into a craving, or if you’re just here for the family laughs and random international cuisine stories, this episode is for you.

Here’s what we discuss in today’s show:

🫒 Tyler’s unexpected love affair with Greek olives

🇫🇷 Chicken dinner at the Eiffel Tower

🦗 Crickets, silkworms, and one crunchy honeymoon

🎂 Trauma-inducing cake

🥬 The transformation of Tad’s tastebuds

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Family Matters: What Happens After They’re Gone?

Thu, 12 Jun 2025 05:00:00 -0400

There’s a hard truth in retirement planning. At some point, one spouse will be left to manage the finances alone. And for many families, that reality is both emotional and financially complex. In this episode, Tad and Tyler tackle what happens after a spouse passes away, from lost income and pension benefits to taxes, estate decisions, and legacy conversations most people put off far too long.

Here’s what we discuss in today’s show:

🧓 What happens to Social Security when one spouse dies

💸 The hidden risk of electing the wrong pension option

🛑 Why avoiding these conversations can cost your family later

🧾 How to prevent leaving a tax time bomb for your kids

❤️ Real client stories that bring the planning to life

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Most Common Retirement Planning Mistakes

Thu, 05 Jun 2025 05:00:00 -0400

Retirement planning doesn’t come with a do-over button, and the most dangerous mistakes are often the ones you don’t even realize you’re making. In this episode, Tad and Tyler reveal the most common retirement planning missteps they’ve seen over the years and explain how to avoid falling into those traps.

From ignoring the future tax implications of your savings to focusing too much on returns and not enough on income, these pitfalls can quietly threaten your retirement security. You’ll also hear why well-meaning advice from friends or coworkers can lead you astray, and why understanding how much you actually spend is critical. If you’re wondering whether your plan is built the right way, this conversation will help you get clearer on what needs to happen for your retirement to work.

Here’s what we discuss in today’s show:

💸 Roth conversions: how they can reduce your future tax burden

📉 Returns vs. income: why growth alone isn’t enough

👂 Why advice from well-meaning friends could derail your plan

💰 Understanding how much money you’ll really need in retirement

Key Takeaway

"You can do nothing and leave a big tax bomb behind, or you can take back control."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Getting To Know You: Favorite Vacations

Thu, 29 May 2025 05:00:00 -0400

Retirement isn’t just about spreadsheets and savings, it’s about the life you’re working so hard to enjoy. In this special “Getting to Know You” episode, Tad, Toni, and Tyler take a lighthearted detour from financial talk to share their favorite vacation memories, including Thanksgiving in New York, family trips through Europe, and a honeymoon adventure in Thailand (yes, complete with elephants).

These stories are a good reminder that the real goal of financial planning is to make room for meaningful experiences. From muddy baths with baby elephants to Sunday brunch traditions, this episode is full of laughter, stories, and real-life moments. If you’re building your own retirement bucket list or just curious about the personal side of the Hill family, this episode will leave you dreaming about your next big getaway.

Here’s what we discuss in today’s show:

🗽 NYC and the Plaza Hotel

🐘 Mischievous elephants in Thailand

🚆 Why a Canadian train ride may or may not be in the cards

✈️Family adventures through Austria, Germany & Prague

🍳 Sunday brunch, church shout-outs, and local traditions

Key Takeaway

“Vacation memories are cool. We've had a lot of great ones as a family.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Mailbag: What Happens If I’m the One Left Behind?

Thu, 22 May 2025 05:00:00 -0400

It’s a question many families quietly worry about but often avoid discussing: What happens if the spouse who handles the finances passes away first? For many couples, especially those where one partner has taken the lead on money matters, the answer isn’t clear. Tad, Tyler, and Toni explore how that uncertainty can create stress within a family and how to avoid financial mistakes during an already emotional time.

In this episode, we break down the risks of financial dependency, the consequences of leaving a spouse uninformed, and why open communication and education are essential to protecting your family. Tune in to learn how to help your spouse feel confident in the financial plan, when to involve children in the conversation, and how to reduce future stress by making sure no one is left in the dark. If your financial plan relies on just one person’s knowledge, now is the time to fix it, before it becomes a crisis.

Here’s what we discuss in today’s show:

🧩 What happens when the “financial spouse” is gone

👨‍👩‍👧‍👦 The benefits of involving adult children in the process

📚 How to educate your spouse without overwhelming them

🗂️ Preventing financial chaos through shared understanding

🛠️ Our retirement course that makes retirement planning understandable

Key Takeaway

"It's just so much better when everybody's on the same page and they understand."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The Retirement Pitfalls You Didn’t See Coming

Thu, 15 May 2025 05:00:00 -0400

Most people think retirement planning is all about their investments. But what if focusing only on your portfolio is actually one of the biggest mistakes you can make? In this episode, Tad, Toni, and Tyler uncover the most common retirement pitfalls that trip people up: from outliving your money to unexpected healthcare costs, rising taxes, inflation, and more.

You’ll hear why even a well-balanced investment portfolio can fall short without a plan for income, healthcare, and tax efficiency. The team explains their 5-part retirement planning process and why asking “What should I invest in?” is the wrong place to start. Instead, you’ll learn how to think through what you really want retirement to look like, and how to build a plan that actually supports that vision.

Here’s what we discuss in today’s show:

⚠️ Retirement pitfalls that even smart investors miss

🧾 Why a portfolio isn’t a plan

🏥 The surprising costs of healthcare and long-term care

💸 How taxes and inflation quietly eat away at your income

📊 Why “more money” isn’t always the right answer

Key Takeaway

"There's just so many things you've got to plan for that are not your investment portfolio."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Reasons You Shouldn't Call An Advisor

Thu, 08 May 2025 05:00:00 -0400

You’ve heard all the reasons why you should call a financial advisor, but what about the reasons you shouldn’t? In this tongue-in-cheek episode, Tad, Toni, and Tyler run through seven hilariously bad reasons to skip working with a professional. From “I’ve mastered internet research” to “I want to work until I die,” the trio uses humor to highlight some of the most common (and dangerous) mindsets that keep people from getting help when they need it most.

While it’s full of laughs, this episode also packs serious financial wisdom. Tad explains why tax laws are changing, how failing to plan could mean leaving a big chunk of your legacy to the IRS, and why trying to DIY your retirement income plan may lead to big mistakes. Whether you’re side-eyeing advisors or just wondering if you really have to work forever, this episode offers a gut-check, a few laughs, and you may realize you’re in better shape than you thought.

Here’s what we discuss in today’s show:

😂 The 7 “tongue-in-cheek” reasons not to call an advisor

💼 Why DIY investors often forget to plan for retirement income

🧠 What most people misunderstand about taxes in retirement

🧭 How lack of planning can hurt your kids and help the IRS

📊 Why knowing the math behind your plan matters more than ever

Key Takeaway

"Most of the time, when we get a good plan built, we're able to tell you the good news of, hey, you can actually retire sooner."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Getting To Know You: What Did You Want To Be Growing Up?

Thu, 24 Apr 2025 05:00:00 -0400

Tyler and Toni ditch the spreadsheets and share a personal, lighthearted conversation about what they wanted to be growing up. Turns out, the path to financial planning wasn’t a straight one—but you’ll hear the common threads: a love for helping people, dishing out thoughtful advice, and being the kind of friend who’s always there when you need a listening ear.

Join us for a relaxed, off-the-cuff chat that comes with a few surprises. You’ll get a behind-the-scenes look at how financial advising blends math, emotion, and meaningful human connection and why both Toni and Tyler believe they ended up exactly where they’re supposed to be.

Here’s what we discuss in today’s show:

🎯 What the team wanted to be at 15

🧠 Psychology, physical therapy… and financial planning?

🧮 Helping people with feelings... using math

📈 The link between problem-solving and financial confidence

Key Takeaway

"Helping people with money is really helping them with life—it’s financial psychology."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Family And Retirement Planning

Thu, 17 Apr 2025 05:00:00 -0400

Do your kids know what to do with an inheritance or will the IRS take the lead? Have you planned for what your spouse’s income will look like after you’re gone? Retirement planning doesn’t stop with your personal goals, it extends to the people you love. In this episode, Tyler and Toni explore how retirement decisions affect your spouse, your kids, and the legacy you leave behind. They break down why filing status changes can lead to unexpected tax bills and ways to plan ahead so your loved ones aren’t left scrambling.

You'll also hear about the major changes to IRA inheritance rules, why today's tax-deferred accounts can create tomorrow’s tax headaches, and how to use proactive strategies to help minimize taxes and optimize your legacy. If your plan doesn't account for survivorship, tax implications, and wealth transfer, this episode may be your wake-up call to take action before it’s too late.

Here’s what we discuss in today’s show:

🧾 What the “spousal tax trap” means and ways to avoid it

💔 How losing a Social Security check impacts retirement income

📉 Why your surviving spouse could face a bigger tax bill

🏡 The most loving legacy move: disinherit the IRS

📚 Education, planning, and conversations that prepare your whole family

Key Takeaway

"If you’re not doing tax strategies today, you’re just making the IRS another beneficiary—and a big one."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Common Mistakes In Retirement

Thu, 10 Apr 2025 05:00:00 -0400

Retirement planning isn’t just about growing your nest egg, it’s about making your money last as long as you do. In this episode, Tyler and Toni break down some of the most common mistakes people make heading into retirement and ways to avoid them. From starting Social Security too early to focusing too much on returns instead of income, they walk through what really matters when the paycheck stops.

You’ll also hear why rules of thumb often fall short, how to build a plan that fits your life—not your neighbor’s—and ways to create income that lasts decades, not just years. Tune in as we unravel some of the confusion around these topics and offer a wiser way to think about retirement.

Here’s what we discuss in today’s show:

📉 Why chasing returns isn’t a retirement income strategy

📆 The costly mistake of claiming Social Security too early

👂 Stop taking financial advice from your neighbor

🏡 Planning for the surviving spouse

Key Takeaway

"Your financial plan should be just as customized as your thumbprint."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Getting To Know You: Movie Character Edition

Thu, 03 Apr 2025 05:00:00 -0400

What do Billy Bob Thornton and Pocahontas have to do with retirement? This week, we're pressing pause on our usual financial discussion to explore a more lighthearted and personal topic. Join Tad and his daughter Tyler in a humorous debate as they answer the question: Which movie character are you most similar to?

From Tad’s (debatable) comparison to the “tough-as-nails” Landman character, to Tyler’s honest and hilarious take on being Pocahontas, we’re going to highlight a little more of the personal side of our business and our people. It's part family banter, part pop culture and entirely entertaining! Don't miss out on the fun!

Here’s what we discuss in today’s show:

🍳 Family Brunch on Sunday

🗣️ Tad’s Call It Like You See It Philosophy

👶 Tyler’s Cute Mispronunciations As a Kid

🎬 Tyler’s Movie Character Pick

Key Takeaway

“I’m Billy Bob with everybody but my three daughters… My three daughters, I’m completely helpless around.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

How Much Do I Need to Have Saved?

Thu, 27 Mar 2025 05:00:00 -0400

One of the top questions people have about retirement is how much do you need to have saved? When coming up with a number, are you actually on track for retirement or just comparing your savings to others? Today we’re going to tackle this question by breaking down retirement savings, income strategies, and how to avoid common financial mistakes.

With the pressures of societal expectations and conventional wisdom, it can be easy to feel overwhelmed and uncertain about your financial future. But every individual’s financial situation is unique, and comparing oneself to others can lead to unnecessary stress and misguided decisions. This episode will help you see why it’s so important to focus on your own financial goals and needs, which is what a financial advisor can assist with.

Here’s what we discuss in today’s show:

📊 Should you compare your savings to others? Why it’s a mistake

💰 How much do you really need to retire? It’s not a one-size-fits-all answer

⚠️ Common financial myths that can derail your retirement

🤔 Are you actually spending more than you think?

👥 Why getting financial advice from friends & coworkers can be risky

Key Takeaway

"No two thumbprints are the same. That's how I think of retirement planning."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Why Retirement is Harder Now

Thu, 20 Mar 2025 05:00:00 -0400

Is retirement harder now than it was 40 years ago? Many people approaching retirement are finding that today’s financial landscape is more complex and uncertain than ever. In this episode, we’re going to highlight the key challenges retirees face today—and how to overcome them with smart financial planning.

From the decline of pensions to market volatility, rising healthcare costs, and Social Security concerns, retirement planning has evolved significantly. Tad and Tyler discuss how to create certainty in your retirement income, the common mistakes retirees make, and why converting your savings into reliable income is the key to long-term security.

If you're in your 50s or 60s and wondering how to turn your retirement savings into a sustainable income, you want to make sure you’re taking the right planning steps as soon as possible.

Here’s what we discuss in today’s show:

📉 No more pensions? How to create your own guaranteed income

💰 Lower interest rates make retirement savings less effective than before

🔄 Market volatility & inflation – why retirees need a solid income strategy

🏡 Social Security concerns – will it be enough for your retirement?

📊 How to turn your savings into a reliable income stream

Key Takeaway

What you've asked your money to do for the last 35 years is the complete opposite of what you need it to do now.

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Arnold Schwarzenegger’s Thoughts on Retirement: Key Quotes

Thu, 13 Mar 2025 05:00:00 -0400

What do Arnold Schwarzenegger and retirement planning have in common? More than you think! 💪 In this episode,we break down two of Arnold’s most famous quotes and how they relate to building a preserved and confident retirement plan.

Many people feel uncertain about their retirement timeline, income, and investments, thinking they’re in worse shape than they actually are. Tad and Tyler discuss why having a clear financial plan is essential, how to navigate unexpected job changes, and why taking the first step toward retirement preservation is the key to confidence.

They also cover common retirement fears, the importance of Social Security timing, and the biggest questions families should be asking to help ensure a smooth transition into retirement. If you’re within 10 years of retiring, this episode is packed with insights you can’t afford to miss!

Here’s what we discuss in today’s show:

💡 “If you can see it, you can achieve it” – The power of a clear retirement plan

📉 What if you’re forced to retire early? How to prepare for the unexpected

📊 Are you actually on track? Most people underestimate their readiness

🔍 Social Security Timing – How and when should you take benefits?

🏡 Leaving a legacy – Ensuring your spouse and family are protected

Key Takeaway

“The journey of a thousand miles starts with a single step.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

If We Were Teachers…

Thu, 06 Mar 2025 05:00:00 -0500

In this week’s episode, we’re going to take a delightful detour from the usual retirement planning discussions to explore a fun and personal question: if we could teach anything outside of financial planning, what would it be? This episode is not just about retirement; it’s about passion, accountability, and the joy of sharing knowledge.

The conversation might be about the subjects we would teach, but the underlying themes are about accountability, personal growth, and the importance of giving back to the community. Tune in and find out what Tad and Toni would teach if given the chance, and perhaps you’ll find yourself reflecting on your own passions and the impact you can have on others.

Here’s what we discuss in today’s show:

The subjects each of us would teach and why.
Why One Hundred Shares Birmingham is an organization we support every year.
Teaching isn’t just about imparting knowledge, it’s also about creating a space for connection and encouragement.

Learn more about One Hundred Shares Birmingham: https://www.onehundredsharesbirmingham.com/

Key Takeaway:

"I guess consistency and maintenance. Because I think maintenance is the key to life and being organized."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The Questions to Answer Before Retirement

Thu, 27 Feb 2025 05:00:00 -0500

As you approach retirement, the importance of making informed financial decisions cannot be overstated. In this episode, we discuss the critical choices that individuals face during this pivotal life stage and the key questions that need to be addressed.

We’ll cover the conversations we have with clients such as how long one should continue working, strategies for reducing tax burdens, and ensuring a stable income plan. With insights on spending habits and the importance of asking the right questions, this episode will equip with the knowledge to navigate retirement confidently and give you that push you need to start planning.

Here’s what we discuss in today’s show:

Some of the questions you need to be addressing in your plan before you retire.
One of the big things you have to figure out is what you’ll be spending in retirement.
What’s the best way to get your plan started?
What’s the main reason people procrastinate?

Key Takeaway:

“The quality of the solution you come to in any problem-solving exercise is determined by the quality of the questions you ask.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Turning Retirement Stress into Retirement Confidence

Thu, 20 Feb 2025 05:00:00 -0500

Did you know that psychologists have determined that retirement is the 10th most stressful event that you can experience in life? It falls right behind major challenges like losing a spouse, divorce, or even going to jail. But with the right approach, this transition doesn’t have to be overwhelming.

In this episode, we’ll explore practical ways to manage stress in retirement, from financial preparation and goal setting to staying socially connected and finding purpose in your daily life. Listen in as we talk about how, with the right strategies in place, retirement can be a time of growth and enjoyment.

Here’s what we discuss in today’s show:

Navigating identity loss after retirement
Some of the income questions you’ll face as you near retirement
Having a plan in place to alleviate stress, especially if you’re 10 or few years away from retirement
The stress of tax and healthcare planning in retirement

Key Takeaway

“All we do here is focus on retirement planning. We go through all of your options.”

Resources for this episode:

https://www.stress.org/self-assessments/holmes-rahe-life-stress-inventory/?gad_source=1&gad_campaignid=22322192878&gbraid=0AAAAAoNlCyWvRCLPTITc2ISxpR6ohGK6a&gclid=Cj0KCQjwjo7DBhCrARIsACWauSlhKBRLy-MmljLxkxjJZXv6u-zI_CFN6s2zP3BUa5xGywOBQaHkRpsaAqhZEALw_wcB

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Look at the Bright Side

Thu, 13 Feb 2025 05:00:00 -0500

Some things in life are just plain bad and there’s no way to spin it in a positive fashion. But then there are lots of things that do have a bright side if you just have the right perspective. Let’s talk about some matters in the financial world that might initially seem bad but could definitely have a silver lining for you.

For example, owing capital gains taxes might feel like a burden, but it actually means your investments have grown significantly. Similarly, facing an unexpected job loss can be unsettling, but with the right financial plan in place, it could be an opportunity to retire earlier than expected or make a smooth career transition. Tune in as we talk about how strategic planning can turn financial challenges into opportunities and give you greater confidence and control over your retirement journey!

Here’s what we discuss in today’s show:

Why owing capital gains taxes might not be as bad as it seems
How proper financial planning can help you prepare for unexpected events like job loss
Why waiting for "life to settle down" before making a financial plan is a mistake

Key Takeaway

"If you're… going to be retiring in less than 10 years, I don't know of a better investment of your time than to come to our course, and then come in specifically and let us do an analysis for you personally."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

What Adjectives Best Describe Each of Us?

Thu, 06 Feb 2025 05:00:00 -0500

In this episode, Tad, Toni and Tyler engage listeners in a delightful and insightful conversation about the adjectives that define them and their family members. This light-hearted show, filled with personal anecdotes and humor, highlights the significance of self-awareness and understanding in both personal and professional realms.

Instead of Tad, Toni, and Tyler choosing their own adjectives, we’ll be picking out the traits that best describe the other person. This approach not only leads to amusing revelations but also emphasizes how our perceptions can differ from how others see us.

Key Takeaway:

“If Tyler is going to do something, it's going to be done right.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Retirement Decisions Involving Your House

Thu, 30 Jan 2025 05:00:00 -0500

With the years of experience we have working in financial planning, we’ve come across so many different scenarios involving someone’s house or residence that they need to think through. Most people haven’t worked through these complex decisions and we often find that the way they’re thinking about their homes, a lot of times, isn’t very effective.

Today we’re going to talk about these decisions involving the home, like selling your house to downsize and then investing the difference. There’s a complicated relationship between homeownership and retirement planning, and often times people don’t even truly understand all the options that are available to them. That’s where customized financial planning becomes incredibly valuable, and we’ll talk about that process as well.

If you’re feeling uncertain about your retirement housing decisions or you’re just starting to think through your retirement plans, this show should be very helpful.

Here’s what we discuss in today’s show:

Should you downsize your home and invest the difference?
The different personal factors that go into each of these financial decisions.
Many people don’t even know the different options they have for each choice.

Key Takeaway:

"There are so many times where people are missing opportunities they could take advantage of or they're missing out on these strategies because they don't even know they exist."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Long-Term Care Can Ruin Retirement

Thu, 23 Jan 2025 05:00:00 -0500

Planning for retirement involves more than just saving money; it requires a comprehensive understanding of healthcare and long-term care options. In this episode, we’ll discuss a critical component of retirement planning that could ruin everything you’ve worked for if it’s not addressed.

Many retirees face the daunting prospect of needing long-term care, which can quickly deplete savings if not properly planned for. Traditional long-term care insurance policies are one option, but they can be expensive and may not be necessary for everyone. We’ll introduce you to innovative alternatives like life insurance and annuities, which can provide financial security without the need for traditional long-term care policies.

Gain insights into how these strategies can protect your retirement savings and ensure your peace of mind. Don't miss this essential guide to safeguarding your financial future.

Here’s what we discuss in today’s show:

Long-term care can ruin someone’s retirement if it goes poorly.
How we use life insurance to help cover long-term care expenses.
Certain annuities can also be used in place of insurance policies.

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Delayed Gratification In Your Financial Plan

Thu, 16 Jan 2025 05:00:00 -0500

Financial planning is all about making choices—some offer quick benefits, while others require patience for a bigger payoff in the future. For example, opting for a Roth 401(k) means paying taxes upfront but enjoying tax-free withdrawals in retirement.

Join us on the show today and Tad, Toni and Tyler dive into how this strategy, along with other critical decisions like Social Security timing, can impact your long-term financial security. Tune in for practical insights on making the right choices today for a more comfortable tomorrow!

Here’s what we discuss in today’s show:

What is a Roth 401K?
How Roth 401Ks don’t have RMDs
Taking control of your own tax future
Figuring out when to take Social Security benefits

Key Takeaway

“At the end of the day, we're all going to have to pay taxes- we're talking about, how do we be as efficient as possible? And there are strategies that can enable you to do this.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Answering Your 401K Questions & Tad’s Video Game Experience

Thu, 09 Jan 2025 05:00:00 -0500

We’re going to have a little fun in today’s episode! We kick things off by answering a listener question from Mike, who asks for guidance on handling an old 401(k) account from a previous job that’s being transitioned to a new platform.

Then, in our “something personal” segment, the fun begins as Tad dives into his history with video games. From his first encounter with Pong on the Atari to the unexpected connection with having the mumps as a child, it’s a nostalgic and entertaining trip down memory lane.

Tune in to learn practical retirement strategies, enjoy some laughs, and move closer to achieving retirement confidence!

Here’s what we discuss in today’s show:

What to do with an old 401K that you forgot about
Tad’s history with Pong
The mumps
A brief discussion on Tetris

Key Takeaway

“If you're old enough to remember Pong, then you are the perfect age to come get a retirement plan.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

What ‘I Love Lucy’ Can Teach Us About Retirement Planning

Thu, 02 Jan 2025 05:00:00 -0500

In this episode, we explore the surprising wisdom of Lucille Ball and how her life lessons can guide your retirement planning journey.

We'll delve into these iconic quotes:

"I'd rather regret the things that I have done than the things that I have not."
"In life, all good things come hard, but wisdom is the hardest to come by."
"I dyed my hair this crazy red to bid for attention. It has become a trademark, and I've got to keep it this way."

Tad, Toni, and Tyler will break down these “I Love Lucy” quotes through a financial lens and explain how they help their clients take control of their financial future through their planning process.

Tune in to learn how to:

Overcome your fear of making financial mistakes.
Develop a retirement plan that aligns with your unique goals and priorities.
Be flexible and adapt your plan as your life and circumstances change.

Key Takeaway:
“We don't leave you out there to figure this out on your own. We are here to guide you.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Planning Ahead: What Retirees Wish They’d Done Differently

Thu, 26 Dec 2024 05:00:00 -0500

As the saying goes, smart people learn from their own mistakes, while geniuses learn from the mistakes of others. In this episode, we’ll take a look at some common regrets shared by people who wish they had approached their retirement planning differently.

For example, many people fall into the trap of retiring too early, often realizing too late that they haven’t fully prepared for the years ahead. Whether you're eager to leave the workforce or find yourself unexpectedly retired, having a clear, strategic plan can make all the difference. Listen in as Tad, Toni and Tyler share some critical steps you can take to avoid common pitfalls like these and live the life you’ve always envisioned!

Here’s what we discuss in today’s show:

Retiring prematurely, whether it’s voluntary or involuntary
Getting a plan in place if you’re 10 years or less away from retirement
The potential increase in taxes and the importance of tax planning
Strategies like Roth conversions to minimize future tax burdens and help protect your legacy

Key Takeaway
“Going into retirement without a plan leaves you with a lot of questions in your mind and a lot of unease, really, because you don't know what to expect.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Getting To Know Tad, Tyler, and Toni: Earliest Memories

Thu, 19 Dec 2024 05:00:00 -0500

As we get close to Christmas, our thoughts naturally turn to family, the good times, and the memories we've shared. In this episode of the podcast, Tad, Tyler, and Toni take a trip down memory lane to share their earliest memories.

We’ll hear about Chipmunks, “Bam Bam,” and much more! And with all the fun in this episode, we’ll mix in a little lesson in financial planning as well, so make sure to drop in!

Here’s what we discuss in today’s show:

A brief story about chipmunks
The tale of “Bam Bam”
Toni’s experience with stage fright
Taking the first step is the hardest part

Key Takeaway

“When you come in here, it will be comfortable. We’ll make it relaxing.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The Elements Of A Good Retirement Countdown

Thu, 12 Dec 2024 05:00:00 -0500

In this week’s episode of Retire With Freedom, Tad, Toni, and Tyler dive into the essential elements of a retirement countdown. They’ll walk you through nine critical items you need to address before retiring, from getting debt-free to creating a structured income plan.

Along the way, they’ll also cover valuable insights into Roth 401(k) options, the impact of taxes on your retirement savings, and how to proactively plan for potential tax increases down the road.

Don’t miss this episode packed with expert insights to help you retire with confidence!

Here’s what we discuss in today’s show:

The 9 things that should be on your retirement countdown
Do you have a Roth option in your 401k?
How you can plan for potential tax increases down the road

Key Takeaway

"Do you have too much risk in your portfolio for your age? That is almost universal.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Universal Truths of Retirement Planning

Thu, 05 Dec 2024 05:00:00 -0500

There are certain retirement planning principles that apply to everyone…regardless of who you are, how much money you have, when you’re retiring, or where you live. These are 1. Everyone needs a retirement plan, 2. Everyone needs to address long-term care, 3. Nobody can consistently time the stock market successfully, and 4. Nobody knows how long they’re going to live.

Because of these universal truths, having a financial plan for your future is critical. Listen in as the Hills share how proper planning can protect what you've worked hard to build, no matter what life throws your way. They’ll also highlight their in-depth retirement planning courses, where you can learn how to address these topics in more detail.

Here’s what we discuss in today’s show:

The power of planning in protecting against the unknown
The value of Tad and Toni’s retirement planning courses
Taking action instead of procrastinating in your financial life

Learn more about Tad and Toni’s retirement courses

https://askfreedomfinancial.com/attend-an-event/

Key Takeaway

“When things go haywire, are you better off without a plan?”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Are You Ready To Retire? Knowing Where You Stand

Tue, 26 Nov 2024 05:00:00 -0500

Are you on track to retire comfortably or is there more work to do? In today’s episode, Tad, Toni, and Tyler will talk about the importance of knowing where you stand- finally and emotionally- before you take that big step.

No matter how big your nest egg is, running out of money in retirement is a fear that most people face. And there are a lot of questions that need to be answered to ensure you’re on the right track. Are you spending more than you realize? What will your lifestyle look like after you stop working? Do you have a clear plan for where your first paycheck will come from once your regular income stops?

Whether you aren’t sure if you have enough money to retire, you think you have enough money to retire, or you know you have enough money to retire, today’s episode will cover some critical areas to consider.

Here’s what we discuss in today’s show:

Understanding your expenses and income streams
Planning for your post-retirement lifestyle
Why it’s so important to have a plan in place 10 years before retirement
Maximizing your tax efficiency + long-term care planning

Key Takeaway

“The more time you give us, the easier it's going to be on you.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

One Hundred Shares Birmingham: Making a Difference Together

Thu, 21 Nov 2024 05:00:00 -0500

Neither Freedom Financial Group nor AEWM are affiliated with Shawn Grubb, Amy Tankersley or One Hundred Shares Birmingham.

On this special episode of Retire With Freedom, we are joined by guests Shawn Grubb and Amy Tankersley. Amy and Shawn help run One Hundred Shares Birmingham, a charity that awards financial grants to Christian ministries in need throughout the Birmingham area.

Tune in to learn what drove Amy and Shawn to start the Birmingham branch of One Hundred Shares, what led Tad and Toni to get involved, and the meaningful ways the organization supports local ministries. This conversation is a powerful reminder that even small contributions, when combined, can lead to significant change in the lives of others.

Click play to learn more and be sure to visit their website, linked below, for more information.

Here’s what we discuss in today’s show:

What drove Amy and Shawn to start One Hundred Shares Birmingham
How One Hundred Shares helps the community
What drew Tad and Toni to contribute to One Hundred Shares

Resources for this episode:

Learn more about One Hundred Shares

https://www.onehundredsharesbirmingham.com/

Key Takeaway

"Let's just bring our money together to accomplish more."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Big Questions People Have As They Near Retirement

Thu, 14 Nov 2024 05:00:00 -0500

In this episode of Retire With Freedom, Tad and Toni will break down some of the major questions people have as they near their retirement years. They’ll discuss important topics like determining a safe withdrawal rate and choosing the right tools for effective tax planning.

While we cover some of the big retirement questions that people have, we’ll also take a look at common misconceptions that surround retirement planning and provide clarity on those topics. Tad and Toni often see new clients who have researched and read a lot about financial planning but struggle to understand how the entire picture fits together. That’s where working with a financial professional can make all the difference.

Here’s what we discuss in today’s show:

What are safe withdrawal rates in retirement?
The common misconception of RMDs as an income stream
Why tax planning is so crucial right now
The role of different financial tools

Key Takeaway

"There are concepts and things that we just kind of take as ‘the sky is blue.’ And unless you're a retirement planner, the sky isn't blue."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Why Do Some People Retirement Plan Alone?

Thu, 07 Nov 2024 05:00:00 -0500

When it comes to retirement planning, especially in the age of the internet, there are a lot of folks who feel like they have the know-how to tackle it alone. However, going solo often means overlooking key questions and considerations that could make a huge difference down the road.

In this episode, Tad and Toni discuss why some people choose to tackle retirement planning independently and share common concerns they’ve encountered during their initial client meetings. They’ll also share how their analysis can help you address some of the essential, often overlooked questions that may not be top of mind.

There’s some excellent insight coming up on today’s show that you don’t want to miss, so tune in!

Here’s what we discuss in today’s show:

How the internet can be a blessing and a curse when it comes to retirement planning
The dangers of viewing an RMD as an income stream
The earlier you get help, the more options you’ll have
How our analysis helps you figure out some of the big questions surrounding retirement

Key Takeaway

"Unless you've thought about something a thousand times, you're probably not thinking through it as completely and deeply as you should."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

What Is The Financial Red Zone?

Thu, 31 Oct 2024 05:00:00 -0400

Just like a football field has 100 yards, we’re celebrating episode 100 of Retire With Freedom! In football, the area from the 20-yard line to the end zone is known as the ‘red zone.’ But what does the ‘financial red zone’ mean, and when does it begin? We’ll dig into that in this episode!

It’s also Halloween, so Tad and Toni share a funny story from their early days after college, reminiscing about a memorable couples costume that still brings laughs. Plus, we’ll break down sequence of return risk and how it can affect your retirement plan.

There’s a little something for everyone, so tune in to this episode for financial insights, some laughs, and a bit of Halloween fun with Tad and Toni!

Here’s what we discuss in today’s show:

What years you are in the financial red zone
What is sequence of return risk?
Who Tad and Toni would have play them in a movie

Key Takeaway

“The one thing that people get wrong every time is they don't have a plan.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Generalists Vs. Specialists Of The Financial World

Thu, 24 Oct 2024 05:00:00 -0400

In construction, you have general contractors who can handle a range of tasks, and specialists, like electricians and roofers, who focus on one specific area. The same is true in the financial world, which has both general advisors and specialists. This distinction is important when it comes to planning for retirement.

In today’s episode, Tad and Toni share real-life stories of clients who, after coming in for their first visit, realized just how thoughtful and specialized retirement planning needs to be. They'll also discuss how they help clients reach their unique goals, whether that’s donating to charity or leaving an inheritance for children or grandchildren. Everyone's retirement vision is different, and Tad and Toni are here to guide you in making yours a reality.

Here’s what we discuss in today’s show:

It likely isn’t as much work as you think it is to prepare to see a financial planner
How working with a brokerage firm can leave you vulnerable to a little more risk
How we help our clients plan for their goals
Understanding how taxes impact your retirement savings

Key Takeaway

“We want to understand what matters to you, what's important to you. What are the things that you want to accomplish?”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Retirement Today: Not Your Parents Retirement

Thu, 17 Oct 2024 05:00:00 -0400

Retirement today is vastly different from what your parents or grandparents experienced. Not only are people working longer, but they’re also living longer, too. With advances in medical technology and an increase in life expectancy, retirement has taken on a whole new meaning.

In fact, retirement can often be more costly than your working years, especially with rising medical expenses. That’s why it’s important to have a plan that accounts for not only the expenses, but how long you may need to be paying those expenses. That’s where having trusted advisors like Tad and Toni can be a huge help.

Here’s what we discuss in today’s show:

The differences between your retirement and the retirement your parents had
How being retired can be more expensive than working
How annuities are different today than in years past

Key Takeaway

“Retirement portfolios today need to be designed to fund expenses for 30 or more years.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Chess, Roulette, and Poker: Financial Comparisons To These Well-Known Games

Thu, 10 Oct 2024 05:00:00 -0400

Chess, roulette, and poker are games that illustrate different balances of luck and skill. Similarly, some financial situations can be compared to these games. Join Tad and Toni Hill as they break down some retirement planning decisions you might encounter, and whether those decisions are most like chess, roulette, or poker.

When making financial decisions, we strive for as much control as possible- similar to chess, which demands careful analysis and strategy. Partnering with a trusted advisor can be instrumental in navigating these decisions and creating more chess-like scenarios in your financial journey. Tune in as Tad and Toni discuss the processes behind these important financial choices!

Here’s what we discuss in today’s show:

How a turbulent market will impact you differently if you’re 30 than if you’re 60
Deciding how much IRA money you should convert into a Roth
Choosing the right pension option

Key Takeaway

"One of the reasons that I think our process is so helpful… is because a lot of people do not know how to make that 'chess' move. They just do whatever, because.... they don't have somebody that's helping them."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

How Retirement Planning and Estate Planning Go Hand in Hand with Anne Moses

Thu, 03 Oct 2024 05:00:00 -0400

Anne Moses with Moses & Moses P.C. is not affiliated with Freedom Financial Group or AEWM.

In this episode of Retire With Freedom, we welcome Anne Moses from Moses & Moses, P.C. to discuss the vital relationship between your financial advisor and estate planner. It takes a village to get your retirement in order and to ensure you’re leaving your children a legacy that’s a blessing rather than a burden. That’s where the expertise of both your financial advisor and estate planner comes into play.

Anne breaks down how she uses an estate planning questionnaire to help her clients figure out what they want their legacy to be, and how that connects to retirement planning. She also joins Tad and Toni to discuss the importance of setting up trusts and when to consider them, ensuring that your assets are distributed according to your wishes.

Here’s what we discuss in today’s show:

The top estate and retirement planning concerns
How Anne utilizes an estate planning questionnaire to assist her clients
How third parties can facilitate important conversations about healthcare needs
Why it takes a village to get your retirement in order
When you should consider using a trust

Resources for this episode:

Moses & Moses, P.C.

https://mosespc.com/

Key Takeaway

“The relationship between attorney and financial advisor really needs to be a tight one.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Say What You Mean: Decoding The Language Of The Financial World

Thu, 26 Sep 2024 05:00:00 -0400

In the financial world, some people may use fancy terms or phrases that don’t always mean what you think. But when it comes to managing your money, transparency and honesty are key. You deserve to work with someone who tells it like it is.

Join Tad and Toni as they dig into why it’s important to truly understand the financial tools you're using, the potential downsides of working with large brokerage firms, and how to know when you’ve found the right advisor for you. Plus, we have a little fun as they share some stories, including their love for music and board games.

Here’s what we discuss in today’s show:

The limits of working with a big brokerage firm
Understanding the function of different financial tools
Working with an advisor who clarifies things and makes you feel at ease
Getting to Know Toni and Tad: Road trip playlists and board games

Key Takeaway

“If you’re not working with somebody who clarifies things and makes it simple- if you walk out with a bigger question mark over your head than when you came in, you’re not working with the right person.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The Different Types of Spenders

Thu, 19 Sep 2024 05:00:00 -0400

Everyone’s personality is unique, and this individuality extends to how we spend money. On this episode of Retire With Freedom, Tad and Toni break down the different spending personalities they’ve observed and highlight the common traits that define them.

From the emotional spender, who lets their feelings dictate purchases, to the YOLO spender, who’s always up for a big, flashy buy, they cover a range of behaviors. Do any of these personalities sound like you? Tune in for valuable insights, and discover what kind of spender you might be on this week’s episode.

Here’s what we discuss in today’s show:

Getting caught up in emotional spending.
Who is the YOLO spender?
The savvy spender vs. the miser.

Key Takeaway

“If you’re less than 10 years from retirement, it’s time to get a plan.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Financial Planning with Charles Barkley

Thu, 12 Sep 2024 07:00:00 -0400

Basketball legend Charles Barkley, known for his larger-than-life personality and memorable quotes, has left us with plenty of moments that make us laugh or scratch our heads. Although Barkley had a successful playing career, he is perhaps better known for his off-the-court antics in the media world since his playing days have ended. In this episode of Retire With Freedom, Tad and Toni break down some of his best quotes and how they apply to the financial world.

For instance, Barkley’s saying, “I’m never as good or as bad as any one single performance,” is a great example of how market returns should be viewed over the long term. Similarly, his remark, “Just because you watch Grey’s Anatomy doesn’t mean you can do the operation,” perfectly reflects the benefits of working with an advisor rather than relying solely on a broker who may not provide comprehensive retirement planning.

There’s a lot of fun and a lot of insight on this episode of Retire With Freedom, so tune in!

Here’s what we discuss in today’s show:

“I know I’m never as good or as bad as any one single performance. I’ve never believed in my critics or my worshippers.”
"When you're rich and famous, the people around you rarely disagree with you about anything, because they want you to stay around and pick up the check.”
“Just because you watch Grey’s Anatomy doesn’t mean that you can do the operation.”

Key Takeaway

“Most people's broker or banker don't actually know what's going on in their lives.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The Dirty Little Secrets of Financial Planning

Thu, 05 Sep 2024 05:00:00 -0400

In this episode of Retire With Freedom, Tad and Toni Hill tackle some of the most contentious and misunderstood topics in financial planning. They cut through the noise and address the often-debated "dirty little secrets" of retirement planning, focusing on annuities, the stock market, and other investment tools.

Tad and Toni dive into why financial advice can be so polarized, exploring how the agendas of different financial sectors can shape the narratives we hear. Tune in as they provide a balanced perspective on financial tools like annuities, debunking myths, and clarifying their role in a well-rounded retirement strategy.

Here’s what we discuss in today’s show:

Understanding the real impact of different financial tools, including annuities and stocks
How to critically evaluate financial advice based on its source
Why past performance doesn’t always equal future results

Key Takeaway

“When your lifestyle or life situation changes... what happened last year or last week doesn’t really matter anymore. It matters if you’ve got a plan together that’s going to really help you.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Don’t Assume These Things About Retirement Planning

Thu, 29 Aug 2024 05:00:00 -0400

When it comes to retirement planning, people often make a few key assumptions. Some think they'll spend less or pay less in taxes, while others fear they may never be able to retire at all. We’ve all heard the saying about what assumptions do, and it’s a good reminder that making them might not be the best approach when it comes to our finances either.

Fortunately, Tad and Toni are here to help. In this episode of Retire With Freedom, they tackle these common misconceptions about retirement planning. Whether you're just starting or already planning for retirement, it's never too early or too late to get your finances in order. Tune in to see what you can learn today!

Here’s what we discuss in today’s show:

The myth of spending less in retirement.
Will your taxes be lower in retirement?
The intrusive thought that “I won’t ever be able to retire.”

Key Takeaway

“The idea that you're gonna spend less in retirement is not our experience.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Financial Laws & Empowering Women in Finance

Thu, 22 Aug 2024 05:00:00 -0400

Just like the laws of physics, there are some basic laws or principles of finance that should be considered when building your financial plan so you can retire with freedom and have the life you want for yourself. From future tax implications to inflation, there’s much to consider in your financial future.

On top of all that, women also play a crucial role in finance planning, yet it’s often the husband who makes the major investment choices. While it varies from couple to couple, it’s important that both partners know the basics of investing and finance, as almost always one will outlive the other.

Listen in to Tad and Toni on this insight-filled episode of Retire With Freedom!

Here’s what we discuss in today’s show:

The impact of future tax implications
How inflation erodes buying power over the course of retirement
Learning how to manage your finances in the event your spouse is no longer able to
Empowering women in financial decision-making

Key Takeaway

“Chances are very high that at some point in women’s lives, all the investing stuff is going to be their responsibility.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Crisis or Opportunity? Planning for Financial Curveballs

Thu, 15 Aug 2024 05:00:00 -0400

Where some people see a crisis, others see opportunity. Some of it has to do with your mindset, some of it might have to do with the circumstances of your life. In this episode, Tad and Toni explore some financial curveballs that might not seem ideal at first, but could lead to a better opportunity for the right person…

For example, it can be frustrating to see your long-term care insurance premiums significantly increase. But it could also be just what you needed to start exploring other options for insuring against long-term care that you didn’t even know were out there. This conversation is a great reminder that financial challenges and setbacks can sometimes be opportunities in disguise!

Here’s what we discuss in today’s show:

Rates going up on a long-term care policy.
Alternatives to long-term care insurance.
How indexed universal life insurance works.
Should I take an early retirement package from my employer?

Key Takeaway

"It's expensive to pay the premiums, but it's way less expensive than having to self-insure and use up a lot of your money."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Getting To Know Tad and Tyler: Irrational Fears

Thu, 08 Aug 2024 05:00:00 -0400

We’re taking a break from the financial talk on today’s episode to have some fun getting to know Tad and Tyler. Join us as the duo explores their biggest irrational fears!

Tyler kicks off the conversation with her fear of loose hair and recounts a cringe-worthy dining experience that many of us can relate to. Tad then takes us on a trip down memory lane to his high school job at Baskin Robbins, complete with a hilarious and gross tale involving an uncleaned drain. He also shares how his fear of heights made an appearance during a trip to South America.

This episode is sure to have you laughing along, so be sure to tune in!

Here’s what we discuss in today’s show:

Tyler’s fear of loose hair
Tad’s time working at Baskin Robbins
Determining what fears are rational or irrational
Tad’s trip to South America and his fear of heights

Key Takeaway

“Unless your fear is being attacked by bears and you’re in the wilderness, then all fears are actually irrational because they’re in your own head.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Financial Advice With Mark Twain

Thu, 01 Aug 2024 05:00:00 -0400

Mark Twain has brought wisdom and humor to readers for generations now. But how can some of his most famous words apply to financial decision-making? Join Tad and Tyler Hill as they break down some of Twain’s best through a financial lens.

The duo discusses how building a good retirement plan is almost entirely independent of the current political landscape, the importance of being proactive in your retirement planning and focusing on controlling what you can control.

Let’s talk about the importance of having a plan in place that can weather any storm. Remember, the person who will determine whether your retirement plan is successful is you!

Here’s what we discuss in today’s show:

Building a good retirement plan is largely independent of politics
Being proactive instead of reactive in retirement planning
Controlling your controllables

Key Takeaway

“The person that is going to determine whether your retirement plan works is you.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Are These Items on Your Retirement Checklist?

Thu, 25 Jul 2024 05:00:00 -0400

Are you truly ready for retirement? There are some big questions that you should be asking yourself when it comes to your retirement readiness. Join Tad and Tyler Hill as they go through the 9 things that should be on your retirement checklist. Knowing the answers to these questions is key to setting yourself up for financial success!

Along with these items, Tad and Tyler also remind us that it's never too late to start planning. No matter where you are in your retirement journey, taking action now is something you'll never regret!

Here’s what we discuss in today’s show:

Questions to ask yourself about your retirement readiness.
Figuring out how much income you need per month for your retirement.
Preparing for the possibility of future tax increases.

Key Takeaway

“Taxes are historically at one of the lowest rates they’ve ever been in the United States, so all you got to do is ask yourself, do I want to pay taxes when they’re lower? Or wait until they go up?”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The Importance of Setting and Sticking to Goals in Financial Planning

Thu, 18 Jul 2024 05:00:00 -0400

Moving the goalposts when retirement planning can be a dangerous game and leave you open to some negative financial impacts. This concept refers to the habit of setting financial goals and then shifting them once you get close to achieving them. Having set goals and plans and sticking to them is important as you approach retirement.

For example, if you don't make a firm decision to set an alarm, you're likely to sleep in. Similarly, without a firm financial plan, you're more likely to make impulsive decisions based on current market conditions rather than sticking to a well-thought-out strategy.

Join Tad and Tyler as they discuss making and sticking to financial plans, avoiding emotional decision-making, and choosing a retirement date that works for you!

Here’s what we discuss in today’s show:

Making and sticking to financial plans.
Not making emotional investment decisions.
Picking a retirement date.

Key Takeaway

“Doing the thing itself is not the hard part. The hard part is making the decision.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

How Should I Approach Charitable Gifting? Mailbag Episode

Thu, 11 Jul 2024 05:00:00 -0400

We’ve got a mailbag edition of the show for you today! One of our listeners, Diane, asks how to approach charitable gifting, as it’s something she’s never been involved with before. Tad, Toni, and Tyler share their experiences with various charities and share some insights on efficient tax strategies for charitable gifting.

Then, another listener asks if they should invest the money they make from selling their paid-off house and downsizing to a cheaper condo in the stock market. The Hill family shares some important factors to keep in mind when determining the right course of action.

For this week’s “something personal” segment, the hosts discuss the mentors who have guided them throughout their lives.

Here’s what we discuss in today’s show:

Finding a charity that resonates with you + how to start getting involved in charitable gifting
The Hill family’s involvement with various charities
Financial considerations of downsizing + how to approach it strategically as part of your retirement plan
Something personal segment: Who is your mentor?

Key Takeaway

“We can help you figure out tax-efficient ways to do more charitable giving... We've got a lot of experience with it.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The Constants & Variables Impacting Your Retirement Future

Tue, 02 Jul 2024 14:00:00 -0400

This episode focuses on the constants and variables of retirement, providing insights on market volatility, income planning, and lifestyle analysis.

Toni shares a relatable analogy, comparing income planning to cutting a juicy steak on a slippery plate. Without a stable foundation, it's nearly impossible to enjoy the meal. Similarly, a stable and predictable income is important for maintaining your lifestyle in retirement. This foundation allows you to build other financial strategies around it, helping ensure a comfortable and confident retirement.

Tyler points out the common misconception of shifting more into bonds to get conservative as you near retirement. She explains that during situations like the pandemic, both bonds and stocks can perform poorly, making it important to have a well-rounded income plan that considers various market conditions.

Learn more about these retirement planning topics and the important constants and variables of planning that could impact your financial future by listening to the rest of the episode!

Here’s what we discuss in today’s show:

How do you deal with market volatility once you've retired?
When we do a lifestyle analysis, people often underestimate how much money they need
What is your lifestyle going to be in retirement
The episode also touches on the importance of having a clear understanding of your financial situation.

Key Takeaway

"You need a piece of your income, the vital piece of your income, the base of it, the foundation, to be very, very stable, as-predictable-as-possible income."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Should I Sell Off Some Of The Big Winners In My IRA? Mailbag Episode

Thu, 27 Jun 2024 05:00:00 -0400

We’ve got a mailbag edition of the show for you today! From time to time, we like to answer listener questions here on the podcast. This time, Eric in Hoover asks whether he should start selling off some of his high-performing investments in his IRA to avoid potential losses in the next market downturn. Stay tuned as Tad and Tyler dive into Eric’s situation and share some important considerations when navigating this decision.

Then, at the end of the episode, Tad and Tyler share some personal stories about what makes them feel better after a bad day. From dance parties with dogs to relaxing on the back porch, get to know the Hill family a bit better in the fun “something personal” segment!

Here’s what we discuss in today’s show:

Mailbag: Should I sell off some of my big winners?
How cash, fixed annuities, bonds, and more can all play a role in a well-rounded retirement plan
Something personal: What makes you feel better after a bad day?

Key Takeaway

“Products and strategies are like tools in a tool belt.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Retirement: The Time To Plan Is Now

Thu, 20 Jun 2024 05:00:00 -0400

Procrastination is a natural human tendency, especially when faced with tasks that feel overwhelming. That’s why many people find themselves procrastinating when it comes to creating a retirement plan. While some fear that they are in a worse financial situation than they actually are, others think they don't need a retirement plan until they are on the verge of retiring.

The truth is, the earlier you start planning, the better prepared you will be. If you are less than ten years away from retirement, it’s time to get a plan in place. And, by partnering with a true retirement planner, you can alleviate stress and gain peace of mind knowing that your financial future is in good hands.

Here’s what we discuss in today’s show:

Many people delay making a retirement plan until it's almost too late
The illusion of having plenty of time to plan later
The benefits of early financial planning
Working with a true retirement planner who can provide comprehensive guidance

Key Takeaway

“What we do to help you is answer all those questions that you've got in your head.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Why Financial Rules of Thumb Just Don’t Cut It

Thu, 13 Jun 2024 05:00:00 -0400

Have you ever heard of the Rule of 100? This rule suggests that you should subtract your age from 100 to determine the percentage of your portfolio that should be in stocks. What about the 75% Rule, which claims that you will only need 75% of your pre-retirement income to maintain your lifestyle in retirement?

In this episode, Toni and Tyler are here to share why these common financial rules of thumb just don’t cut it when it comes to your unique financial situation. While these rules can be a good starting point, they're often too simplistic to apply to everyone. Stay tuned for insights on why a personalized financial plan is crucial for a successful retirement, and how following generic advice could leave you short.

Here’s what we discuss in today’s show:

Financial rules of thumb have limitations and can be misleading
The danger of the Rule of 100
Breaking down the 75% Rule
The three distinct phases of retirement
Why personalized financial planning is crucial for a successful retirement

Key Takeaway

"Trying to do a financial rule of thumb is also like knowing [to] eat healthy and exercise. Okay, that's a rule of thumb, but if I have a real medical problem, I can't just WebMD it."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Passing on Your Assets Smoothly

Thu, 06 Jun 2024 05:00:00 -0400

In today's episode, we're talking about the significant wealth transfer happening as baby boomers prepare to pass on their accumulated wealth. With so many people leaving behind substantial legacies, it's important to understand how to manage and optimize the assets you're leaving behind. Listen in as Toni and Tyler talk about the impact different types of accounts can have on your loved ones after you're gone.

In this conversation, we talk about the perks of non-qualified accounts, including the advantageous "step-up in basis" rule, and the complexities of inheriting tax-deferred accounts like IRAs and 401(k)s.

Don't let your legacy become a financial headache for your loved ones. Start conversations with your family and financial advisor sooner rather than later to ensure a smooth and efficient transfer of your wealth!

Here’s what we discuss in today’s show:

Advantages of non-qualified accounts and the step-up in basis rule that can save your beneficiaries significant taxes
The complexities of inheriting tax-deferred accounts like IRAs and 401(k)s, and the tax burdens that come with them
Minimizing tax burdens through tools like Roth conversions and life insurance

Key Takeaway

“If you're leaving behind a legacy… if it's all tax-deferred money, that's a tough thing for somebody that's inheriting that. There's a lot of rules around that now.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Retirement Uncertainties: Crafting a Comprehensive Plan

Thu, 30 May 2024 05:00:00 -0400

Retirement is a huge milestone, often filled with both excitement and apprehension. It's a time filled with questions and logistical challenges. When can I retire? How much do I need to have saved? How much can I spend? There are tons of moving parts to this process, and without the help of a professional, the process can feel very overwhelming.

Listen in as Toni and Tyler stress the importance of having a plan that accounts for longevity, healthcare costs, legacy, taxes, and more. They’ll also explain why adaptability is such an important part of a financial plan.

If you're feeling overwhelmed, we encourage you to reach out to us so that you can retire with confidence!

Here’s what we discuss in today’s show:

The main retirement planning uncertainties and questions
The importance of adaptability in a retirement plan
The various aspects a sound retirement plan should consider
Getting the most out of your money and protecting your assets

Key Takeaway

“The whole point of a retirement plan is its adaptability.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Forced To Retire Early/Getting To Know Tad, Toni & Tyler

Thu, 23 May 2024 05:00:00 -0400

Retirement is a milestone that many of us look forward to, but what if it comes knocking on your door earlier than expected? In today’s episode, Tad and Toni take a few minutes to discuss some of the tough questions and decisions that accompany an unexpected retirement. Having a trusted advisor by your side can help you navigate some of these decisions, but even if you've already made choices, it's not too late to seek advice and make improvements.

Today’s episode isn’t all finance talk, however. Stay tuned for the “something personal” segment, where you’ll learn more about Tad, Toni, and Tyler outside of financial advising. Listen in as the family reflects on Tyler’s childhood memory of eating Mickey Mouse ice cream bars at Disney World.

Here’s what we discuss in today’s show:

The reality of forced retirement
Seeking advice from a financial advisor to avoid potentially detrimental mistakes
Tad, Toni, and Tyler’s happiest moments

Key Takeaway

“If you're forced to retire, a lot of times you're having to make decisions really quickly… One of the things that our process can do is help you figure out how to make those decisions and what you should be doing.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Financial Rules Of Thumb

Thu, 16 May 2024 05:00:00 -0400

The financial planning world is full of common rules of thumb and assumptions you’ve probably heard of. For example, have you ever been told that you'll be in a lower tax bracket in retirement? Or that life insurance becomes unnecessary as you enter your golden years?

We’re excited to welcome Tyler, Tad and Toni’s daughter, onto the show this week to talk about some of these common financial rules of thumb. She’s been working at Freedom Financial for years now and is here to share her wisdom with you today. As the Hill family shares their thoughts on these common assumptions, you’ll learn why relying on blanket statements can be detrimental to your retirement planning journey.

Here’s what we discuss in today’s show:

The myth that everyone will be in lower tax bracket in their retirement years
The misconception that life insurance is unnecessary once you retire
The importance of individualized guidance based on your circumstances

Key Takeaway

“Rules of thumb make no sense because not everybody's thumbprint is the same.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

From School Days to Retirement Plans with friend Bryant Driggers

Thu, 09 May 2024 05:00:00 -0400

Neither Freedom Financial Group nor AEWM are affiliated with Bryant Driggers or One Brother. One Sister. ONE Mission.

In today’s episode, Tad and Toni reconnect with an old friend, Byrant “Breyer” Driggers. Breyer has a story that many in their late fifties and early sixties can relate to, working hard to become debt-free and create a secure future for himself and his family. We’re excited to have him on the show this week to share what’s on his mind as he approaches his retirement years.

Throughout this conversation, Breyer will also share his passion for community service. Through his charity, One Brother. One Sister. ONE Mission., he’s been serving the homeless community in Birmingham for the last 30 years. Stay tuned to learn more about the incredible work he and his team are doing and how you can help this mission.

Here’s what we discuss in today’s show:

Tad and Bryant’s background + how the nickname “Breyer” came to be
Where Breyers is in his retirement planning journey
The concerns and goals Breyers has for his retirement years
Breyer’s involvement and passion for community service

Learn more about One Brother. One Sister. ONE Mission.

https://www.facebook.com/staywarmbham/

Key Takeaway

“As long as you start at some point is better than not starting at all.” Bryant Driggers

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Healing and Hope: Inside The WellHouse with CEO Carolyn Potter

Thu, 02 May 2024 05:00:00 -0400

Neither Freedom Financial Group nor AEWM are affiliated with Carolyn Potter or The WellHouse.

We love to feature local charities that we work here on the podcast. So, in today’s episode, we're honored to welcome a very special guest, Carolyn Potter- CEO of The WellHouse. She’s here to give us a look at the inspiring work of this incredible organization, dedicated to the recovery of female survivors of human trafficking, offering them a chance at healing and a hopeful future.

We discuss the extensive process of creating a safe haven for these survivors, the importance of community involvement, and the various ways you can contribute to its mission. Whether it's through volunteering, financial support, or simply spreading the word, every action makes a difference in the lives of those affected by human trafficking.

Here’s what we discuss in today’s show:

How Tad and Toni became involved with various charities, including The WellHouse
The mission of The WellHouse and the services it provides
The process and dedication involved in opening a home for young survivors
The significance of community support and volunteerism
How to connect with The WellHouse to offer help or donations

Learn more about the WellHouse

https://www.the-wellhouse.org/

Key Takeaway

“We invest in every area of their lives. Recently, one of our graduates spoke at our board meeting…she said, ‘there wasn't anything that I needed that you all didn't offer and didn't provide for me.’” – Carolyn Potter

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Important Questions To Be Asking In Retirement

Thu, 25 Apr 2024 05:00:00 -0400

In this episode, Tad and Toni share a few important questions you need to ask yourself as you prepare for retirement. They discuss common misconceptions about downsizing your home, the realities of retirement expenses, and the importance of having a solid income plan before you step into this new season of life.

For example, if you’re thinking about moving into a smaller home in retirement, have you ever considered the actual value of your home and the cost of downsizing? Many people overestimate the amount they'll get from selling their house and underestimate the cost of their new, smaller residence.

Many people also assume that they’ll end up spending less in retirement. But, the Hills point out that most people end up spending as much, if not more, than they did while they were working. With more free time and the desire to travel or pursue hobbies, expenses can rack up quickly. This is why a detailed lifestyle analysis is such an important part of the retirement planning process.

Here’s what we discuss in today’s show:

The myths vs. the reality of downsizing your home for retirement
The misconception that spending will be less in retirement
The importance of a detailed lifestyle analysis in planning
Listener Question: Is there anything better I could be doing with my emergency fund?

Key Takeaway

"Most people think ‘I know what we're going to need to spend in retirement.’ And then we go through our lifestyle analysis and we find out that on average, they're off by 30%. "

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Is Your Financial Advisor Planning or Pitching?

Thu, 18 Apr 2024 05:00:00 -0400

Are you getting a tailored retirement plan or just a sales pitch? In today’s episode, you’ll learn how to recognize whether a financial advisor is looking out for your best interests or merely trying to sell you products. Stay tuned as we share some client stories, give you some red flags to look out for, and caution that credentials alone don’t guarantee quality advice.

Remember, retirement isn't just about selecting the right investments. It’s about crafting a holistic plan that addresses all aspects of your financial life and sets you up to reach your goals. Don't settle for a one-size-fits-all approach- join us as we chat about the importance of a well-rounded retirement strategy.

Here’s what we discuss in today’s show:

Beware of advisors who jump straight into product or portfolio recommendations
Don't rely solely on an advisor's credentials
Understand how financial products and decisions align with your retirement goals
Working with someone who can help you with the whole picture

Key Takeaway

“It's important to be able to recognize the difference between an advisor who is actually doing retirement planning and has a process for that, and one who's just doing sales pitches all day.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Are You Basing Your Retirement On Fuzzy Math?

Thu, 11 Apr 2024 05:00:00 -0400

When it comes to retirement planning, many people believe they've got it all figured out. "I'm averaging 7-8% on my investments," they say, for example, confident that this will carry them through their golden years. But is this confidence misplaced?

Stay tuned as we explore some of the flawed calculations that many retirees make regarding their financial future. We’ll debunk some common misconceptions about investment returns, withdrawal rates, and the dangers of overspending in retirement. Are you basing your retirement dreams on “fuzzy math?”

Here’s what we discuss in today’s show:

The impact that market volatility can have on retirement savings
Setting realistic expectations and understanding risk in retirement planning
Overspending in your early retirement years
Outdated rules of thumb for retirement withdrawals

Key Takeaway

"This is the thing that people really, really are fuzzy on. It doesn't even take a market correction to derail your lifestyle."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Unique Challenges in Retirement Planning

Thu, 04 Apr 2024 05:00:00 -0400

Creating a customized retirement plan for someone often means addressing unique challenges along the way. Whether you face a health problem, a job loss, or a roof leak, life has a way of throwing unexpected hurdles at us. In today’s episode of Retire With Freedom, Tad and Toni discuss some of the unique challenges they’ve helped clients with throughout the years.

Many people avoid seeking financial advice out of fear of what they might discover. However, addressing your financial concerns proactively can help you protect yourself from unexpected bumps in the road. Stay tuned to learn how working with a knowledgeable advisor can lead to greater peace of mind and financial security in the long run.

Here’s what we discuss in today’s show:

Early retirement due to unexpected circumstances + planning for fluctuations in expenses and lifestyle changes
The importance of addressing potential retirement challenges early in the process
Helping couples in their second marriage navigate retirement planning with separate finances

Key Takeaway

"It’s not that we can keep things from happening, but we can plan for them so that they don’t hurt you when they happen."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Creating A Retirement Plan That Works

Thu, 28 Mar 2024 05:00:00 -0400

A retirement plan isn’t something that you create once and put on a shelf to gather dust. You want to make sure it’s working to support your retirement dreams with growth and preservation. Join Tad and Toni as they explore the importance of crafting and adjusting your personalized financial plan.

From handling market ups and downs to dealing with unexpected life changes, they highlight the advantages of having a robust plan that not only preserves your money but also aligns with your lifestyle aspirations. They also highlight the benefits of working with a trusted advisor to keep your money working for you and warn against the danger of one-size-fits-all advice. Tune in to learn what it looks like to build a retirement strategy that works for you!

Here’s what we discuss in today’s show:

Regularly revisiting and adjusting your retirement strategy
Thoughtful retirement planning that’s tailored to your individual needs and has strategies for growth and preservation
Understanding the risk level in your portfolio so you can make informed decisions
Ensuring you’re aligned with your goals in the retirement red zone
The danger of one-size-fits-all advice

Key Takeaway

"It’s never too late to get a second opinion. It's never too late to see if you're on the right path."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The Importance of a Written Financial Strategy

Thu, 21 Mar 2024 05:00:00 -0400

Crafting a written financial plan for retirement is critical, yet shockingly, only 43% of Americans have one. Just like a football coach wouldn't step onto the field without a game plan, your financial future shouldn’t be left to chance without a solid strategy in place. In today's episode, we're focusing on why having a well-crafted financial plan is so essential.

One of the biggest challenges retirees face is converting their savings into sustainable income. Far too often, retirees spend their money too quickly or find themselves hesitating to spend their money, fearing they might outlive their savings. Listen in as Tad and Toni talk about the importance of having a clear plan and professional guidance to navigate this chapter with confidence, so you can enjoy your golden years to the fullest.

Here’s what we discuss in today’s show:

Establishing a written strategy and revisiting it throughout your planning journey
What the Retire with Freedom process looks like
The transition from a steady paycheck to retirement + sustaining your lifestyle
Achieving spending confidence with the help of a financial professional

Key Takeaway

“In our experience, the best retirement outcomes tend to be those where the person follows a process.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Working Part-Time In Retirement

Thu, 14 Mar 2024 05:00:00 -0400

Many people consider or plan to work part-time in retirement. Maybe you’re thinking about pursuing a passion or leveraging a skill set for some additional income. While the idea of working part-time in retirement is appealing, it’s important to recognize that these plans don’t always unfold as expected.

Unfortunately, the nature of post-retirement employment is unpredictable. Some industries may not support part-time roles, unexpected health issues can arise, or you might simply have a change of heart once you enter your retirement years. Listen in as Tad and Toni share the importance of having a solid plan in place that includes reliable income sources while also incorporating a robust fallback strategy in case your part-time endeavor doesn’t pan out as expected.

Here’s what we discuss in today’s show:

The unpredictable nature of part-time work in retirement
Building a retirement plan that accounts for plan A and plan B
Diversifying your income sources and reducing pressure on your retirement nest egg
The story of Don and Debbie + sustaining your current lifestyle in retirement

Key Takeaway

"If you're going to work part-time, can we count on that income? …Really we need to have a strong plan B. "

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Crafting Your Perfect Retirement Recipe

Thu, 07 Mar 2024 05:00:00 -0500

Crafting the right retirement nest egg recipe for you requires a unique blend of financial ingredients. Like cooking, where each dish benefits from a thoughtful combination of flavors, retirement planning is about finding the perfect balance that suits your tastes and goals. And with this, it’s important to avoid any mixes that could be toxic to your financial health.

While many think that having a diversified portfolio will set you up for success in your retirement years, there's more to this than meets the eye. Think of a diversified portfolio as an assortment of ingredients – necessary, but insufficient alone. The real challenge lies in transforming these financial elements into a well-prepared dish, carefully considering the unique flavors and roles each one brings to the table.

Here’s what we discuss in today’s show:

The right mix for one person might not be the right mix for you
Relying on Social Security or pensions may not be sufficient to support your desired lifestyle in retirement
The retirement landscape has evolved from previous generations and requires you to adapt your strategies
Retirement planning involves more than just a diversified portfolio of stocks and bonds

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Signs That You Need a Retirement Planner

Thu, 29 Feb 2024 05:00:00 -0500

Every successful financial story begins with a clear understanding of where you want to go and how you’re going to get there. Think of it like taking a road trip, where you need gas in the tank, air in the tires, and a GPS to help you stay on track. Without a proper plan, it can be easy to lose your way.

While many people try to take the DIY approach to financial planning or think that diversification alone will put them on the right track for retirement, there’s much more that goes into turning your nest egg into a sustainable lifestyle. Stay tuned as we share some dangers to look out for and cover the key signs that indicate you need the help of a retirement planner.

Here’s what we discuss in today’s show:

Should retirement planning be a do-it-yourself kind of job?
The importance of knowing where you are on your retirement journey
Having a concrete income plan + optimizing your investments
The dangers of not having your portfolio analyzed by a retirement planner
Some signs that you need to meet with a financial professional

Key Takeaway

"If you don't have a clear strategy for what you want your retirement to look like, it can be easy to lose your way."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Planning for Retirement in the Sandwich Generation

Thu, 22 Feb 2024 05:00:00 -0500

Navigating retirement planning is no easy feat, and today's middle-aged adults, typically in their 40s and 50s, find themselves in what's known as the "sandwich generation." Juggling the financial support of both elderly parents and their own children, this dual responsibility often slips under the radar when planning for retirement but is very important to consider.

In today’s episode, we’ll focus on the common struggles faced by individuals in the sandwich generation, backed by studies from the Pew Research Center and real-life client stories. We unpack just how widespread and often underestimated this financial burden is and shed light on the potential strain it can place on your retirement plan if not addressed proactively. Join us as we chat about the importance of strategically accounting for these complex financial dynamics in your retirement plan.

Here’s what we discuss in today’s show:

Financial challenges faced by the sandwich generation + findings from the Pew Research Center
The burden on families dealing with the financial, time, and emotional aspects of supporting multiple generations, especially when planning for retirement
Accounting for unexpected challenges and familial responsibilities in your retirement plan

Key Takeaway

"The sandwich generation is what you would think… we've got aging parents that may need a lot of attention, maybe even some financial help. And we’ve still got children that we are helping financially."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Navigating Market Volatility with Confidence

Thu, 15 Feb 2024 05:00:00 -0500

In today's volatile market environment, having a solid financial strategy is essential. But despite what some financial professionals might try and tell you, this process isn't just about balancing stocks and bonds. Join us in this episode as we talk about the importance of crafting a financial roadmap tailored to your life.

We dive into the intricacies of retirement planning, addressing not only investment allocation but also the significance of understanding personal goals, family dynamics, and risk tolerance in financial planning. From assessing savings gaps to navigating the complexities of different investment vehicles like annuities and REITs, we provide insights into creating a comprehensive financial plan that aligns with your unique circumstances and goals.

Here what’s we discuss in today’s show:

Creating a customized roadmap for your retirement dreams that addresses market volatility, asset allocations, and your lifestyle goals
The importance of matching investments with your individual needs and risk tolerance
The behavior of different investments, including stocks, bonds, and REITs
Our diversified investment approach, tailored to individual needs and risk tolerances

Key Takeaway

"If you get upset because your stocks are volatile, that's like getting upset with your dog because it barks."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Navigating the Stock Market Rollercoaster

Thu, 08 Feb 2024 05:00:00 -0500

The stock market can be unpredictable, taking your hard-earned money on quite the thrill ride. In this episode, we explore the challenges many face when navigating the highs and lows of the market and discuss strategies to ensure a smoother ride for your nest egg.

Throughout this conversation, we discuss why a good retirement plan goes hand-in-hand with a trusted advisor who understands the intricacies of generating income during retirement. We also highlight some common misconceptions about portfolio yield and talk about the importance of understanding the tools in your financial toolbox.

Join us for a great conversation on having a financial plan that prepares you for the long haul.

Here's what we discuss in this episode:

The danger of getting caught up in short-term fluctuations and making impulsive decisions based on current events, such as elections
The importance of having a trustworthy advisor and a well-thought-out strategy when navigating market swings
The need for a comprehensive retirement plan that focuses on generating retirement income + common misconceptions about portfolio yield
Educating clients about their existing investment tools and strategies

Key Takeaway

“If you're trying to plan a retirement, you need a retirement planner.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Retiring at 55, Investing in Foreign Currencies and More! Mailbag Episode

Thu, 01 Feb 2024 05:00:00 -0500

Join us as we answer some listener questions in today’s episode. These episodes are a great way for you to learn from real-life financial planning questions.

One listener is considering retirement at the age of 55 and wants to know if it's a bad idea. Another listener asks Tad and Toni what their thoughts are on investing in foreign currencies. Stick around until the end for a fun segment where Tad and Toni reveal universally loved movies they surprisingly haven't seen.

Here are the questions we tackle in today’s episode:

I want to retire in 5 years when I turn 55. Is that a bad idea?
My aunt died and left me a rental property that I wasn’t expecting. I’ve never been interested in owning real estate, but she wanted me to have it. What should I do?
What’s your opinion of investing in foreign currencies?
Getting to know Tad and Toni: What’s the most universally beloved movie that you’ve never actually seen?

Key Takeaway

“There's nothing wrong with most investments. It's just…maybe it's not the appropriate one for you at this time in your life.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Rethinking Retirement: Challenging Conventional Wisdom

Thu, 25 Jan 2024 05:00:00 -0500

In today’s episode, we’re going to challenge conventional wisdom surrounding retirement planning. For example, is a mortgage always considered “good” debt for everyone? Or is changing investments when they're not performing well the right solution?

Stay tuned as we chat about some of these commonly held beliefs and the importance of having a well-rounded retirement plan. As Tad and Toni share their insights, you’ll gain a deeper understanding of why questioning conventional wisdom is essential for achieving true financial freedom in retirement. Don't miss out on this conversation that might just reshape your perspective on planning for the retirement you dream of!

Here’s some of what we discuss in today’s episode:

Conventional wisdom suggests that a mortgage is “good debt,” but the decision to carry that debt into retirement should be based on individual circumstances
A lack of a comprehensive retirement plan often leads to impulsive decision-making and overspending
True relaxation in retirement is challenging without a well-defined plan that considers activities, hobbies, and goals
The abundance of information available, coupled with the fear of making wrong decisions, often leads to analysis paralysis in retirement planning

Key Takeaway

“I find that the biggest impediment to people's retirement plans going well is not that they're making bad decisions, but that they're not making decisions.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

“When Can I Retire?”

Thu, 18 Jan 2024 05:00:00 -0500

The question ‘When can I retire?’ is one we get quite often. Rather than viewing retirement as a fixed dollar amount or an age milestone, it's a complex question that requires careful analysis. Unfortunately, many investment brokers and media personalities offer generic advice without understanding individual circumstances. But your retirement date cannot be determined by a one-size-fits-all approach.

Listen in as we discuss the role of careful planning when it comes to determining your retirement readiness. We’ll also talk about some common fears and misconceptions surrounding various financial tools and the importance of actively participating in your financial planning process with the help of a financial professional.

Here’s some of what we discuss in this episode:

The decision to retire involves two key aspects- determining when you can retire and being truly ready for retirement with a well-thought-out plan
Retirement planning should be highly individualized, taking into account factors such as lifestyle, Social Security, pensions, and investments
The importance of diversification and risk management in a well-balanced portfolio
Even if one spouse takes the lead in financial matters, both partners should actively participate and have a basic understanding of their financial situation

Key Takeaway:

“There is no best thing to do that is generalized…it has to be planned individually, or you're not doing the best thing for you.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The Reality of Retirement Planning Today

Thu, 11 Jan 2024 05:00:00 -0500

In today’s episode, we’re talking about some undeniable retirement planning truths: people are living longer, involuntary retirement is becoming more common, healthcare costs are rising, and the stock market remains unpredictable. Preparing for retirement looks vastly different than it did just a decade ago, and it’s more important than ever to have the right plan in place to navigate whatever uncertainties the future might bring.

Listen in as we talk about the difference that a well-structured and comprehensive retirement plan can make in your financial journey. We’ll share some client stories along the way and guide you on taking a more informed and strategic approach to your finances in today’s evolving landscape.

Here’s some of what we discuss in this episode:

People are living longer, and you need to plan for that
Job insecurity and layoffs are becoming increasingly more common
Why having a secure income plan in today’s world is essential
Seeking professional advice early and not waiting for the “perfect” financial situation to get started
Being aware of your true risk tolerance and aligning your investments accordingly

Key Takeaway:

“You've got to plan like you're gonna die tomorrow and like you're gonna live forever.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

How To Spot a Bad Advisor

Thu, 04 Jan 2024 05:00:00 -0500

If you’re in the market for a financial advisor, it’s important to make sure you’re working with the right team. But for those new to the world of financial planning, distinguishing the right advisor from a potentially poor fit can be challenging. In today’s episode, we explore key indicators and red flags to help you navigate this decision and share why a personalized approach in financial planning is so crucial.

Remember, if an advisor is only focusing on the positives of a certain strategy without addressing limitations, costs, and risks, you’re likely getting caught in a sales pitch. A good advisor will prioritize transparency- openly discussing the pros and cons of investment choices, explaining their compensation structure, and diligently gathering comprehensive information about your unique situation.

Here’s some of what we discuss in this episode:

If a financial advisor only brings up the benefits of a certain financial strategy and won’t discuss the risks or drawbacks, consider that a red flag
Is your advisor showing you different options for tackling problems?
How many questions is your advisor asking about your situation and how much data are they gathering?
Many believe they have a solid financial plan, only to find out that they have partial answers

Key Takeaway:

"The data for retirement planning has to be a lot broader and deeper than just ‘how much risk are you willing to take?’ and ‘how do we want to allocate your assets?’"

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Understanding Your REAL Risk Tolerance

Thu, 28 Dec 2023 05:00:00 -0500

Do you think it’s possible that we could see another financial crisis in your lifetime? When we ask prospective clients this question, most of them answer with “yes.” Do you know how much your portfolio would be down in the event of another 2008? If you aren’t sure, shouldn’t you be?

In today’s episode, we’re going to talk about a disconnect that we commonly see in the financial landscape- what many think their risk tolerance is versus what it actually is. We believe that it is absolutely crucial for investors to understand the potential gains and losses of their investment choices. Let’s chat about why understanding risk tolerance is so important for making informed investment choices…

Here’s some of what we discuss in this episode:

The common discrepancy between perceived and actual risk tolerance
Vague risk assessments used by many advisors + why clear definitions are essential for effective planning
It’s not unusual for investors to be taking twice as much risk as they comfortable with
Risk tolerance tends to change significantly the closer you get to retirement, which requires different investment strategies

Key Takeaway

“What people think they have in terms of the amount of downside risk they're taking, and the amount of downside risk they are actually taking is usually a huge disconnect.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Problem Solving in Retirement Planning

Thu, 21 Dec 2023 05:00:00 -0500

Retirement planning is about problem-solving. It's not just about asset allocation; it's about identifying your current and future needs, managing expenses, addressing healthcare concerns, and crafting a legacy plan. In our conversation today, we talk about why it’s so important to work with an advisor who understands your entire financial picture.

Stay tuned as we share stories from clients who, despite having positive relationships with brokers, found themselves in financial turmoil in the past due to a lack of comprehensive planning. We’ll explain why clear communication, understanding, and a tailored approach are important parts of the process.

Here’s some of what we discuss in this episode:

Retirement planning is a lot more than picking investments + a few stories from our clients
Putting together a comprehensive plan that accounts for all parts of your life + aligns with your risk tolerance
The differences between “general practitioners” and “specialists” in the financial world

Key Takeaway

“People trying to figure out, can I retire? Do I have enough money? Is it going to last? How do I deal with inflation and health care? That is a very specific set of problems that we're trying to solve, that are unique to people in that phase of their life.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Financial Terms You Thought You Understood: Diversification

Thu, 14 Dec 2023 05:00:00 -0500

Diversification is a word thrown around a lot in the financial world and is often misunderstood. We find that many investors claim to be diversified, but upon closer inspection, lack true diversity in their portfolios. It's not just about stocks and bonds; there's a whole world of asset classes and investment tools that might not even be on their radar.

In this episode, we discuss what being truly diversified looks like and highlight the dangers of not knowing how to turn savings into sufficient income in retirement. At the end of the episode, we answer some listener questions about whether to sell a home and rent while home values are high and what stocks are “hot” right now.

Here’s some of what we discuss in this episode:

Why the term diversification is commonly misunderstood + why diversification is so important
How are you going to generate income during retirement?
Listener question: We’re retiring in 2 years and plan to move to the beach. Home values in our neighborhood are sky high right now. Should we sell now and rent for a few years?
Listener question: What do you see as the "hot" stocks right now?

Key Takeaway

“If you left the house, and all you did is wear socks, you might get arrested. So, if you've got green socks, and blue socks, and brown socks, your socks are diversified, but really, you need more in your wardrobe than just socks.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Retirement Planning Is More Than Just Investments

Thu, 07 Dec 2023 05:00:00 -0500

There is a lot more to retirement planning than just picking investments. From timing Social Security to assessing your retirement overall readiness, today’s episode will explore some commonly misunderstood, yet critical areas in the world of financial planning. Is your advisor helping you navigate all of these decisions?

Tad and Toni kick off this episode by discussing the intricacies of Social Security and pension planning, highlighting the potential pitfalls of making short-sighted decisions in these areas. They then dive into a few financial terms that commonly go unexplained, shedding light on the fiduciary standard and what risk aversion really means.

Here’s some of what we discuss in this episode:

The importance of timing when it comes to Social Security + avoiding short-sited decision making
Careful analysis and planning when considering pension options for retirement
Assessing your retirement readiness + understanding risk exposure in your investment portfolio

Key Takeaway

"Are you really retirement ready? That should be the question before we pull the trigger."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Overcoming Broken Beginnings: A Look at Grace House Ministries

Thu, 30 Nov 2023 05:00:00 -0500

Neither Freedom Financial Group nor AEWM are affiliated with Pamela Phipps or Grace House Ministries.

If you work with our team or have been a listener for some time now, you might know that we are proud to be involved with several incredible charitable organizations in and around Birmingham. One of those organization is Grace House Ministries, a Christian residential campus for girls in foster care that have faced neglect, abandonment, and abuse. We are honored to be joined by Grace House’s Executive Director, Pamela Phipps, today.

Pamela is here to share more about Grace House’s powerful mission and mentoring programs, how their organization has grown the last 30 years, and a few powerful stories from the program. Tune in to learn more about the beautiful community Grace House has created and how you can volunteer and support these residents in foster care.

Here’s some of what we discuss in this episode:

Some background on Grace House Ministries and how it has grown to 13 properties and serving 40 girls
Two former Grace House girls who overcame challenging backgrounds and now play key roles in the organization
Pamela's background and transition from aspiring lawyer to the Executive Director of Grace House
The music program at Grace House, which serves both as an extracurricular activity and a therapeutic tool
How you can help Grace House Ministries through volunteering, mentoring, and more

Key Takeaway

“Every single girl that walks through our doors have been abandoned, neglected and abused, and they are in DHS custody. So Grace House partners with the HR to give these girls a safe haven and a refuge.”

Learn more about Grace House Ministries:

https://www.grace-house.org/

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Not Your Parents' Retirement

Tue, 21 Nov 2023 05:00:00 -0500

Who are you learning from when it comes to making sure your retirement plan is successful? If you’re of the age that your mom and dad retired 20 or 30 years ago, the world was a much different place when they walked away from their paychecks. Let’s talk about how things are different now…

We’ll look at how retirement expenses have evolved, with people today being more active and spending more on travel, hobbies, and healthcare costs. We’ll also discuss how increasing life expectancies, and the absence of traditional pensions are impacting retirement portfolios. Tune in and learn why it is so important to have a tailored plan that suits your unique circumstances, as we unravel the intricacies of retirement planning in the modern era.

Here’s some of what we discuss in this episode:

Today, the cost of retirement can be high, especially with factors like healthcare expenses, travel plans, and increased longevity
The three phases of retirement: The Go Go years, Slow Go years, and the No Go years
The "sandwich generation" may face challenges balancing financial support for adult children and aging parents
Staying active and maintaining a healthy lifestyle in retirement
The impact of not preparing for long-term care expenses

Key Takeaway

“Oftentimes, being retired can be more expensive than when you were working.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Demystifying Financial Jargon: What Advisors Really Mean

Thu, 16 Nov 2023 05:00:00 -0500

If you've ever felt lost or overwhelmed after a financial planning meeting, today's episode is for you! We’re tackling the common issue of financial jargon in the world of investments and retirement planning. Listen in as we decode three examples of financial jargon and remind you that good advisors should be able to break down intricate concepts into terms that everyone can comprehend.

Here at Freedom Financial Group, we prioritize transparency, personalization, and education. We believe in breaking down complex topics, so that you can make the most informed decisions for your unique financial situation. Stay tuned as we unravel the importance of clear communication in the financial industry.

Here are the examples of financial jargon that we discuss in today’s show:

“We’ve experienced a significant market correction this month.”
"We're forecasting a significant upside potential for this stock."
“Your portfolio has a very high alpha and I'm worried about your potential for reverse dollar cost averaging once you start your RMDs.”

Key Takeaway

“People that really know what they're talking about, what they're doing, can make the complicated simple for anybody to understand.”

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Financial Wisdom From Will Rogers

Thu, 09 Nov 2023 05:00:00 -0500

Will Rogers, American entertainer, radio personality, film actor and writer was famously known for his humor. In today’s show, we’re going to explore his timeless wisdom and its relevance to retirement planning. Join us to learn from some of the most iconic quotes of his career.

This episode highlights the importance of learning from others' experiences to avoid costly mistakes in retirement planning. Tad and Toni emphasize that retirement planning goes far beyond managing investments. They shed light on the crucial aspects of comprehensive retirement planning, tax strategies, and risk management, offering you valuable insights to help secure your path to financial freedom. Don’t miss this fun and insightful discussion!

Here are the quotes we discuss in this episode:

“There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest of them have to pee on the electric fence for themselves.”
“The only difference between death and taxes is that death doesn't get worse every time Congress meets.”
“I'm not as concerned about the return on my money as I am the return OF my money.”

Key Takeaway

"Unless you're a retirement planner…then chances are your retirement is the first one you've ever planned. Right? So, when we do something for the first time, is it usually our very best work?"

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Running For Retirement Planning Office

Thu, 02 Nov 2023 05:00:00 -0400

What would Tad and Toni’s campaign slogans be if they ran for “retirement planning office?” Listen in as they each craft their hypothetical campaign platforms and discuss their visions while delivering practical guidance on making the most of your retirement journey. With humor and insight, this episode explores risk management in retirement planning and the importance of putting a solid financial plan in place that ensures security in your golden years.

Throughout this episode, Tad and Toni share some personal stories and insights from working with clients. They also dive into a lighthearted "getting to know you" segment, where they share their memories tied to certain scents. Listen in as they reminisce on the unique connection between cologne and fond memories.

Here’s some of what we discuss in this episode:

Finding the right balance between risk and reward in retirement planning
The importance of proper financial planning to avoid running out of money in retirement
The role that individual participation plays in successful retirement planning
Getting-to-know-you: What’s a distinct smell that you remember that could take you back to a certain place/time?

Key Takeaway

"Would you rather fix a problem that's already happened and try to figure that out? Or would you rather…already have a solution in place, so when that problem arises, no sweat?"

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Know Thyself: Understanding Your Money Mindset

Thu, 26 Oct 2023 05:00:00 -0400

When it comes to planning for your future financially, it’s important to first take a look inward. Understanding your financial worries and biases plays an important role in making informed decisions for your financial well-being. Join us in this episode as we delve into the crucial aspects of self-examination in the world of financial planning.

Listen in as Tad and Toni explore 3 thought-provoking question that will help you gain insight into your financial mindset. Don't miss out on this valuable discussion on how to align your financial strategies with your aspirations and values. Tune in to embark on a journey of self-discovery in the realm of financial planning.

Here’s some of the important financial questions we discuss in this episode:

What financial issues keep me up at night?
Do I have any biases that affect my financial decisions?
What does money really mean to me and what role does it play in my life?

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The Three Worlds of Money

Thu, 19 Oct 2023 05:00:00 -0400

There are three things that people often want from their investments: growth, safety and liquidity. Is it possible to have all of these qualities in one investment? Listen in as Tad and Toni share their insights on various investment options like cash, stocks, bonds, mutual funds, annuities, and real estate and highlight the pros and cons of each.

In the "Getting to Know You" segment of today’s episode, Toni recalls an embarrassing moment at a baseball game in college. Tad shares his own cringe-worthy childhood memory involving an inappropriate outburst in church. Join us as we share the importance of a balanced approach to financial planning and enjoy some laughs along the way!

Here’s some of what we discuss in this episode:

Is there a single investment that can offer maximum growth, safety, and liquidity all at once?
The pros and cons of various investment options, such as cash, stocks, bonds, mutual funds, annuities, and real estate
The importance of finding the right mix of investments to balance growth potential, safety from market downside, and liquidity
Getting-to-know-you: Some embarrassing moments from Tad and Toni’s past

Key Takeaway

"Everybody needs growth potential, everybody needs safety, and everybody needs liquidity...There's no one place that gets you all of those things."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The Retirement Risk Roadmap

Thu, 12 Oct 2023 05:00:00 -0400

Welcome back to the Retire With Freedom podcast! Join us as we break down the different types of retirement risks in today’s episode and talk about how to address them effectively. From tax rate risk to longevity risk, we’ll discuss some commonly overlooked factors that could impact your financial future if not properly prepared for.

Discover why simply being aware of these risks isn't enough – it's about taking action to protect your financial future. Tad and Toni share real-life examples of how a well-structured income plan can provide security, even in uncertain times. If you're seeking financial confidence in retirement, this episode is a must listen!

Here’s some of what we discuss in this episode:

Market Risk: The one everyone thinks about, but do you really know how much market risk you're exposed to? Discover how quantifying your market risk can make a world of difference in your retirement planning.
Interest Rate Risk: Understand why rising interest rates can negatively impact bond prices and what you should consider if you hold bonds in your portfolio.
Inflation Risk: Learn how inflation can erode your purchasing power over time, especially if you're relying on fixed-income sources like Social Security or pensions.
Tax Rate Risk: The tax landscape can change, and not being prepared can affect your retirement income significantly.
Longevity Risk: Living longer can amplify all the other risks, making it crucial to have a well-thought-out retirement plan that accounts for the possibility of a longer life.

Key Takeaway

“Knowledge without action behind it is not power. It's just information."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Comprehensive Financial Planning, REITs, and More! Mailbag Episode

Thu, 05 Oct 2023 05:00:00 -0400

On today’s show, we’re diving into the mailbag to answer some recent questions and concerns from our listeners. Patty from Hoover raises a critical question about their financial advisor’s lack of advice on topics like Social Security, life insurance, and legacy plans. Mick in Cahaba Heights asks about Tad and Toni’s thoughts on REITs as an investment.

Listen in as Tad and Toni explain why it’s critical to work with a trusted advisor that can offer you comprehensive guidance, rather than just managing your investments. They also shed light on the differences between publicly traded and non-publicly traded REITs. Discover the potential benefits and risks associated with these investments and why it's crucial to have a well-rounded understanding of your options. Tune in to gain valuable insights from these listener questions!

Here’s some of what we discuss in this episode:

Mailbag Question: My financial advisor seems to be doing a good job of managing my investments, but we never talk about other things like Social Security, life insurance or legacy plans. Is this typical?
The importance of legacy planning and why it's crucial to work with professionals who can help you navigate these complex matters.
Why understanding your spending habits is essential for a secure retirement, and why it's vital to "show all your dirt" to your financial advisor.
Mailbag Question: I recently had a REIT proposed to me as an investment I should consider. What are your thoughts on these?

Key Takeaway:

"A really good advisor is somebody that is explaining the upside and the downside of everything so you know exactly what you're getting into."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Retirement Planning Problem Solving

Thu, 28 Sep 2023 05:00:00 -0400

Most people probably think a financial advisor’s primary job is picking investments, but the reality is that’s just a small part of what we do for clients. In reality, our main focus is solving problems and that’s what true financial planning entails.

You can quickly tell whether you’re working with a good financial advisor by determining whether they’re spending 80% of their time talking about investing your money or 80% of their time helping you think through all of the challenges in retirement and then addressing them?

In this episode, we’re going to share a few of the key problems we work to solve for clients and explain why good planning is critical for navigating these areas of your finances.

Here is some of what we’ll discuss in today’s show:

•Working with someone who has lost a spouse because there are a lot of financial issues that can arise.

•Job layoffs are all too common today and finding yourself in that position can weigh heavily on your finances.

•Tax planning is a big problem solving area for us and it can make a huge impact in retirement.

•Why we feel retirement planning is something worth spending more money on to get the best quality.

Key Takeaway:

"Choosing the investments is not the hard part. It's figuring out what we're going to need, when we're going to need it, what challenges are we going to encounter, and how do we solve those problems?"

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The New Realities of Retirement

Wed, 20 Sep 2023 23:00:00 -0400

The realities of retirement are much different today than they were even 10 years ago. The world around us is constantly evolving and we need to keep up with that in order to help our clients reach their retirement goals.

In this episode, we’re going to talk about some of those new realities and how they’re going to affect folks in retirement. Plus, we’ll discuss the planning strategies that we need to consider and share some of the process we take with our clients to address these differences in today’s retirement.

Here is some of what we’ll discuss in today’s show:

· Retirement now doesn’t mean sitting on the porch sipping sweet tea. Retirees today are much more active and that means we have to account for that financially.

· The current investment environment is much more challenging and that requires building a portfolio that doesn’t keep you up at night.

· How you can tell whether a financial advisor is legitimate or not?

· Is it a bad idea to work away from fantastic income if you don’t want to keep working?

Key Takeaway:

"One of the things people underestimate is how much they’re going to spend in retirement."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Curing Different Financial Diseases

Thu, 14 Sep 2023 05:00:00 -0400

As retirement approaches, you might be feeling a twinge of anxiety. Are you financially prepared for the next phase of your life? If you're feeling a bit uncertain, you're not alone. It's common to worry about those symptoms that point towards bigger problems that could wreak havoc on your retirement plans. Fortunately, there's a cure for these retirement financial diseases and today’s episode will diagnose and treat your ailment.

Hosts Tad and Toni Hill arm listeners with the knowledge and tools needed to cure acute portfolio riskopathy and avoid the pitfalls of old fogiess disease. The show is particularly crucial if you're within a decade of retirement and need a risk-adjusted investment plan to safeguard your golden years, but anyone can benefit from a little financial treatment.

Here is some of what we’ll discuss in today’s show:

- Too much risk leads to acute portfolio riskopathy, which can be corrected with a risk-adjusted investment plan.

- Why widowed women is the fastest growing poverty group and what’s needed to prepare for the risks of longevity.

- ‘Inflation-itis’ can go undetected for a while but you are slowly losing buying power with your money.

- Other investment options you might have in order to get growth on your money without all the risk of the stock market.

Key Takeaway:

"A good retirement plan does not mean that you don't have money set aside for growth. It means that if your income plan is your growth money, good luck."

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Working With The Right Advisor

Thu, 07 Sep 2023 05:00:00 -0400

As people approach retirement, they often face various concerns such as running out of money, taxes, market crashes, and healthcare expenses. Listen in as Tad and Toni discuss the importance of seeking professional help for retirement planning. They also stress the importance of having a comprehensive retirement plan that considers various tools and strategies and touch on some misconceptions about "safe money."

Don't miss this episode if you want to gain insights into building a retirement plan that truly works for you and your specific circumstances. Whether you're a DIY investor or someone looking for professional guidance, Tad and Toni have valuable advice to offer on achieving financial freedom and retiring with confidence.

Here is some of what we’ll discuss in today’s show:

Managing retirement planning on your own can be complex, and certain income strategies are only accessible with professional help.
As people approach retirement, they often realize that they've primarily focused on accumulating wealth rather than planning for retirement income. This shift in mindset requires a different set of strategies, and seeking professional guidance becomes crucial.
With market volatility and economic uncertainty, many individuals are worried about how this might impact their retirement plans. While we can't control market fluctuations, a well-structured retirement plan can minimize their negative effects.
A successful retirement plan should encompass various financial tools and strategies tailored to your unique circumstances and preferences.

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Growing Your Retirement Garden

Thu, 31 Aug 2023 05:00:00 -0400

Just like gardening, well-planned financial plans require time, patience, and intentionality to succeed. In today’s episode, we explore the parallels between gardening and financial planning and the lessons we can learn from them.

Listen in as Tad and Toni discuss the importance of being patient with investments, resisting the urge to take excessive risks, and giving your retirement plan time to grow. They emphasize the value of starting retirement planning early and how it can lead to a more secure and comfortable retirement. They also discuss the importance of using the right tools to achieve your financial goals.

Here is some of what we’ll discuss in today’s show:

Just as plants take time to grow, investments need time to accumulate and flourish. Rushing decisions or making impulsive changes can negatively impact your retirement goals.
By giving investments time to mature and grow, you can potentially achieve a more comfortable retirement without having to take unnecessary risks later on.
Just as each tool has a specific purpose in gardening, different financial instruments serve various purposes in retirement planning.
Retirement often raises concerns about replacing paychecks. By working with financial professionals, you can develop a plan to generate a reliable income stream that increases annually, providing financial security.

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Navigating Retirement Costs and Risks

Thu, 24 Aug 2023 05:00:00 -0400

Welcome back to the Retire With Freedom podcast! This week, we’re discussing various types of costs and fees that can impact people as they approach retirement. We’ll also shed light on some penalties that you want to avoid and the importance of having a well-thought-out retirement plan in doing so.

Join us as we debunk some common misconceptions about RMDs and talk about the impact of having a comprehensive lifestyle analysis to determine the appropriate withdrawal amounts from a portfolio. We’ll also discuss minimizing risk while still achieving growth in your retirement portfolio to sustain retirement funds over time. Whether you're already retired or planning for the future, this episode provides essential insights and strategies to retire with confidence.

Here is some of what we’ll discuss in today’s show:

Potential costs and penalties that could affect your retirement savings with non-qualified distributions and RMDs
Crafting a comprehensive retirement income plan that factors in market fluctuations and ensures a sustainable income stream throughout retirement
Striking a balance between risk and growth in your portfolio
Alternative strategies for generating income and growth without unnecessary risk

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Demystifying Annuities

Thu, 17 Aug 2023 05:00:00 -0400

We have recently noticed an increasing interest in annuities among our clients. In today’s episode, we’ll discuss how they stand apart from traditional stocks, bonds, and savings accounts. We’ll break down the two primary types of annuities- immediate and deferred- to provide clarity on how they work and debunk some common misconceptions about them as well.

Whether you're just beginning to explore these financial tools or seeking to demystify their workings, this episode is a valuable resource for anyone embarking on their retirement journey. Tune in as we explain why it’s so important to work closely with an experienced professional who can guide you in selecting the right annuity options for your unique situation.

Here is some of what we’ll discuss in today’s show:

Annuities offer a unique advantage of providing retirees with a lifetime income stream, similar to a pension. Unlike other investment vehicles, annuities guarantee a steady income regardless of how long you live
There are two primary types of annuities: immediate and deferred. Immediate annuities start providing income immediately after a lump-sum investment, while deferred annuities allow your money to grow over time, with the option to convert it into a lifetime income stream in the future.
While annuities offer security and guaranteed income, they may also have trade-offs. It's essential to work with a financial advisor who understands your specific goals and needs, as well as the nuances of different annuity products. Annuities can be valuable tools in retirement planning, but they aren't one-size-fits-all solutions.

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Living Longer, Planning Stronger

Thu, 10 Aug 2023 05:00:00 -0400

Life has an uncanny way of surprising us with unexpected twists. Imagine spraining your ankle right before that long-awaited vacation, discovering your remodeling project requires costly plumbing repairs, or receiving a life-altering phone call just as you're about to step out the door. The truth is, predicting the future is a tricky business, but that doesn't mean you should leave your financial future to chance.

Tune in as Tad and Toni discuss the importance of preparing for longevity in your retirement plan. As life expectancy continues to increase and more and more people live well into their 80s and 90s, it is essential to plan for the long haul. Join us as we discuss how thinking ahead and creating a solid financial strategy can not only help you weather unforeseen events but also enable you to live confidently during your golden years.

Here is some of what we’ll discuss in today’s show:

With increasing life expectancies, retirement planning needs to account for the possibility of living well into your 80s and 90s.
People often want to enjoy their early retirement years by spending on travel, leisure, and activities they love. However, balancing these desires with the need to ensure that finances last throughout retirement is essential.
Healthcare expenses, including those not covered by Medicare or insurance, can be significant during retirement. Planning for these out-of-pocket costs, such as prescription drugs, medical treatments, and procedures, is an important aspect of retirement financial planning.

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

The True Cost Of Financial Advice

Thu, 03 Aug 2023 05:00:00 -0400

Do you find investment and insurance product fees and commissions confusing? Ever wondered why financial advisors' charges can be unclear? In this episode, we shed light on the different charging models used by investment advisors, brokerage firms, and banks. We discuss the importance of understanding how your advisor gets paid and the potential risks of not asking the right questions.

We also explore why it’s so critical to have a comprehensive retirement plan in place that extends beyond just managing your investments. While you might think that the DIY route will save you money, the potential cost of mistakes could be detrimental.

To wrap up this episode, we break down the difference between a captive and an independent advisor and explain why working with an independent advisor can offer a broader range of options with unbiased, transparent advice.

Here is some of what we’ll discuss in today’s show:

Financial advisors, investment advisors, and brokerage firms use different charging models. It's essential to understand how your advisor is compensated.
DIY investing may seem like a cost-effective option, but it comes with risks.
A well-rounded retirement plan addresses income strategies, tax efficiency, healthcare costs, and transition planning.
Working with an independent advisor allows for a broader selection of solutions tailored to individual needs.

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Transparency, Timing & The Value of an Advisor

Thu, 27 Jul 2023 05:00:00 -0400

Would you hire someone to fix your car without knowing what it was going to cost? Or hire a real estate agent to sell your home without knowing what fees are involved? Of course not! Along this line of thinking, why would you invest your hard-earned money without understanding the associated costs?

Join us as we discuss why understanding fees, costs, and investment details is essential before entrusting your money to a financial professional. We’ll also share how timing can impact the success of your retirement plan and the benefits of working with knowledgeable advisors who prioritize transparency and your long-term financial well-being. Additionally, we’ll illustrate how a well-designed plan can protect your retirement income, even during market fluctuations, and caution against letting your emotions dictate your financial decisions.

Here is some of what we’ll discuss in today’s show:

Understanding the costs and fees associated with financial investments and services to make better decisions for retirement planning. (0:23)
The value that an advisor brings + having a well-planned financial strategy in place nearing retirement. (6:09)
When is it a bad time to implement a good plan? (8:07)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Building a Holistic Financial Plan with Best-Selling Author, David Bach

Thu, 20 Jul 2023 05:00:00 -0400

Neither Freedom Financial Group nor AEWM are affiliated with David Bach.

Welcome back to the Retire With Freedom podcast! Today, we are excited to be joined by David Bach, one of America’s most trusted financial experts and 10x New York Times best-selling authors. David has influenced millions through his books, media appearances, podcast, and seminars, offering strategies for living and finishing rich. He joins us on the podcast to discuss the key components of a comprehensive financial strategy as well as taking a holistic approach to wealth management.

Tune in as David discusses aligning investment strategies with your risk tolerance and financial goals and advocates for a well-diversified asset allocation strategy. He talks about the importance of regularly reviewing and rebalancing your plan, along with estate planning and insurance considerations. To wrap up this episode, David shares his insights on what to look for in a financial advisor, prioritizing trust, verifying credentials, and seeking a holistic approach.

Here is some of what we’ll discuss in today’s show:

The key components of good financial strategy. (0:23)
Estate planning is a critical component of an investment plan. (3:39)
What should you look for in a financial advisor? (7:13)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Successfully Transitioning Into Retirement

Fri, 14 Jul 2023 18:00:00 -0400

Transitioning into retirement is more than just stopping work; it's about entering a new phase in your life that's likely to last a third of your lifespan. This transition isn't just about surviving on your savings but about living your best life post-work. This episode will guide you on how to ensure you have enough money to support your lifestyle, the importance of having an emergency fund, and how to generate income that outpaces inflation and healthcare costs.

Join us as we highlight the need for a comprehensive retirement plan that addresses factors like rising healthcare costs, market volatility, taxes, and unexpected expenses. We’ll also talk about the importance of not relying solely on a single stock’s income and having a financial professional to help guide your choices. Tune in and start your journey toward a secure and enjoyable retirement.

Here is some of what we’ll discuss in today’s show:

How are you going to generate income and make it last in retirement? (0:23)
The difference between accumulation vs. deaccumulation. (2:58)
Relying solely on the stock market to generate income is risky. (6:28)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Understanding The New SECURE Act

Thu, 06 Jul 2023 05:00:00 -0400

Welcome back to the Retire with Freedom podcast! Today, Tad and Toni are breaking down the tax law changes that have come with the new SECURE Act. From required minimum distributions (RMD) to catch-up contributions changes, they break down the key aspects you need to know for a successful retirement.

Discover how the RMD age requirement and catch-up contribution limits have changed, how these laws are positively impacting overfunded 529 plans, and some benefits for those managing student loan payments. They’ll also discuss an exciting change for catch-up contributions starting in 2025. To wrap up this episode, Tad and Toni will tackle a fun get-to-know-you question.

Here is some of what we’ll discuss in today’s show:

There have been changes to the RMD age for tax-deferred retirement accounts. (0:23)
There have been changes to the catch-up contribution limits for 401(k)s + you can now transfer excess funds from 529 plans to tax-free Roth IRAs. (2:22)
In 2025, catch-up contributions are going from $7,500 to $10,000 if you're between the ages of 60 and 63. (6:12)
Something personal: If you want to give up, what keeps you going? (7:12)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Hindsight is 20/20: Learning From Common Financial Mistakes

Thu, 29 Jun 2023 05:00:00 -0400

Neither AEWM nor advisors providing investment advisory services through AEWM recommend or facilitate the buying or selling of cryptocurrencies. 1880260- 7/23.

The phrase “knowing what we know now” is mostly worthless, because OF COURSE we’d do some things differently if we could see the future. But since we can’t see the future, we can at least learn from other people when they’re looking in the rear-view mirror wishing they’d done things differently with their finances. Let’s talk about some situations where folks probably wish they’d made different decisions…

Join us as we talk about the danger of investing emotionally without a strategic plan in place, optimizing your Social Security benefits, and adequately planning before you decide to retire. We’ll discuss the importance of having a comprehensive and intelligent financial strategy and making decisions based on your individual circumstances rather than relying on hearsay or following others' choices blindly. Tune in as we shed light on the importance of foresight and making informed financial decisions to achieve a secure and comfortable retirement!

Here is some of what we’ll discuss in today’s show:

Being “all in” or “all out” depending on the stock market + the impact of not having a strategic financial plan. (1:04)
Getting the most out of Social Security by understanding your options. (3:22)
Starting to plan for retirement 5-10 years prior to make sure you're ready. (10:06)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Outdated Retirement Rules

Thu, 22 Jun 2023 05:00:00 -0400

Welcome back to the Retire with Freedom podcast! In today’s financial landscape, the need for intelligent design in retirement planning is critical. In this episode, we challenge some outdated retirement approaches and debunk some common misconceptions to help you gain a better understanding of the financial strategies necessary for financial success.

Tune in as we discuss the drawbacks of shifting investments from stocks to bonds and explore alternatives to 401(k) plans. We’ll also discuss the benefits of rolling a 401(k) into an IRA and address the need for careful income generation during retirement, cautioning against unsustainable withdrawal rates. Tune in to learn about building income-heavy portfolios and gaining control over your retirement. Don't miss out on valuable insights to achieve financial freedom and retire with confidence!

Here is some of what we’ll discuss in today’s show:

Outdated rule: As you near retirement, you should move from stocks to bonds. (0:23)
Relying solely on a diversified portfolio of stocks and bonds for retirement income without considering downside risk and withdrawal rates can potentially lead to retirement ruin. (5:29)
Three approaches for generating retirement income. (8:35)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Retirement Planning Catastrophes

Thu, 15 Jun 2023 05:00:00 -0400

In today’s episode, Tad and Toni tackle some common retirement planning catastrophes and share some insightful strategies for achieving financial security. From poor assumptions and inadequate planning to the lack of a retirement income strategy, there are many retirement planning pitfalls that you could fall into if you aren’t careful. Tune in for a discussion about adapting to market corrections, protecting your legacy from healthcare expenses, and actively participating in your retirement planning journey.

Tad will also share details about some Freedom Financial planning courses that you can attend this summer to help you feel more confident about reaching your retirement goals. Then, Tad and Toni will dive into some fun get-to-know-you questions. Join us for a good laugh as your hosts share the meaning behind their childhood nicknames.

Here is some of what we’ll discuss in today’s show:

Financial planning with a professional is an eye-opening experience. (1:38)
Pausing your financial planning when the market is down. (3:22)
The danger of not planning for long-term care expenses. (7:09)
Something personal: Tad’s nickname + family background. (8:25)
Something personal: Toni’s childhood nickname. (11:44)

Attend an Event: https://www.askfreedomfinancial.com/attend-an-event/

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Biggest Retirement Assets

Thu, 08 Jun 2023 05:00:00 -0400

In this episode, we dive into some critical aspects of managing your 401(k) and other retirement assets. As we discuss the importance of making informed decisions, we’ll reveal little-known strategies that can significantly impact your financial future.

Stay tuned to learn about the benefits of rolling over your 401(k) into an IRA, providing more control and investment options. Learn how neglecting old 401(k) accounts can be a costly mistake and uncover the advantages of consolidating them for easier management.

We’ll also discuss the risks involved with making uninformed Social Security claiming decisions and reveal smart strategies for maximizing your benefits. We’ll wrap up this episode by exploring the risks of investing pension funds in the unpredictable stock market and talk about alternative options that provide a reliable, guaranteed income for life.

Don't miss out on this enlightening episode that will empower you to make the most of your retirement assets!

Here is some of what we’ll discuss in today’s show:

Some things you should be thinking about when it comes to your 401(k). (0:23)
The danger of not having a strategy for taking Social Security. (5:23)
People often make bad decisions around their pensions. (8:04)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Building a Brighter Future with Brodie Croyle of Big Oak Ranch

Thu, 01 Jun 2023 05:00:00 -0400

Neither Freedom Financial Group nor AEWM are affiliated with Brodie Croyle or Big Oak Ranch.

Today we are joined by Brodie Croyle, president and CEO of Big Oak Ranch in Birmingham, Alabama. Big Oak Ranch is a ministry focused on providing a loving, Christian home for abused and neglected children, giving them a chance to thrive, grow, and fulfill their potential. Initially starting with a single farmhouse serving five boys, Big Oak Ranch has grown over the years and now consists of seven ministry teams dedicated to improving the standard of care for children.

In this episode, Brodie emphasizes the importance of creating a family-like environment and instilling values of love, honesty, and perseverance in these children. He highlights the impact of their work in breaking generational curses and giving children a chance at a better life. Brodie also shares more about Big Oak Ranch’s plans for the future, including the establishment of a "send village" for young adults aged 18 to 22, which will help prepare them for adulthood by receiving life skills training. Stay tuned as we talk about this incredible mission and share how you can get involved and support Big Oak Ranch.

Here is some of what we’ll discuss in today’s show:

How Big Oak Ranch got started. (0:30)
Brodie talks through how this ministry works. (3:01)
How Big Oak Ranch prepares its residents for independence as they get closer to adulthood. (5:34)
How you can get involved with Big Oak Ranch. (10:41)

Learn more about Big Oak Ranch and its mission:

https://www.bigoak.org/our-history/

https://www.facebook.com/BigOakRanchAL/

https://www.linkedin.com/company/bigoakranch/

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 25: Fuzzy Math, The 4% Rule and Social Security

Thu, 25 May 2023 05:00:00 -0400

In this episode, we’re going to discuss the widely known 4% rule in the financial industry, which suggests that retirees can safely withdraw 4% from their portfolio annually, adjusted for inflation, without running out of money. Does this rule really work? We’ll shed light on how this rule has come under question in recent years due to market conditions and share why this may not be a reliable strategy.

We’ll also discuss why it is so important to be professionally guided through financial decisions during the retirement planning process and share a story of some clients who were not adequately guided on withdrawal strategies before working with Freedom Financial Group. After this, Toni and Tad will answer a recent listener question and share some things you need to be thinking about when it comes to Social Security. Join us as we discuss why professional feedback and having a comprehensive financial plan is so critical and how fuzzy math in retirement planning can be a real problem.

Here is some of what we’ll discuss in today’s show:

What is the 4% rule in retirement planning and is it still relevant? (0:46)
Why and when the premise of the 4% rule fell apart. (2:36)
The importance of getting feedback on your current finances in retirement planning. (4:13)
Listener question: Should I defer my Social Security? (7:00)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 24: Finding Freedom: A Look At Shepherd’s Fold’s Post-Prison Ministry

Thu, 18 May 2023 05:00:00 -0400

Neither Freedom Financial Group nor AEWM are affiliated with Jack Hausen, Trent Redwine, or Shepherd's Fold.

In today’s episode, we are joined by Jack Hausen and Trent Redwine from Shepherd’s Fold, in Birmingham Alabama. Jack Hausen is the executive director and Trent Redwine serves as the director of operations of this ministry. Shepherd’s Fold works to help homeless individuals released from prison find total freedom from the inside out through a six-month transitional program. Freedom Financial is proud to help sponsor an event for this incredible mission, which Jack and Trent will share more about today.

In this episode, Jack and Trent talk about the impact of the work this ministry is doing. They discuss the three things that people need to be successful coming out of prison, and how their program works to set people up for success by providing accountability, counseling, and stewardship through job training and biblical principles. Join us as we dive into Shepherd’s Fold’s transformative work and gain insights into their profound mission of societal reintegration.

Here is some of what we’ll discuss in today’s show:

What is Shepherd’s Fold? (3:15)
How Shepherd’s Fold helps people re-enter society after prison. (7:01)
How the accountability of this program sets people up for success. (10:54)
The importance of education with reintegration. (12:16)
Family and relationship counseling through Shepherd’s Fold. (15:48)

Learn more about Shepherd's Fold and its mission here.

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 23: Quotes From Great Investors

Thu, 11 May 2023 05:00:00 -0400

In today’s episode, we’re going to share some quotes from great investors like Charlie Munger and Benjamin Graham. We’ll take a look at these wise words and discuss how they apply to retirement planning. Through this lens, we’ll examine some common retirement planning mistakes and talk about how to steer clear of them.

Drawing on our experience of helping clients with similar situations, we'll delve into the implications of procrastinating retirement planning, discuss making your money last in retirement, and more. Tune in as we talk about the importance of having a structured retirement plan and provide guidance on when it's time to seek professional assistance.

Here is some of what we’ll discuss in today’s show:

“If you're not willing to have composure during a 50% market decline two or three times a century, you're not fitting to be a stockholder and you deserve the mediocre result that you're getting.” (0:25)
“The investor’s chief problem, and even his worst enemy is likely to be himself.” (5:28)
When is it time to get help with retirement planning? (8:20)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 22: Making Financial Decisions

Thu, 04 May 2023 05:00:00 -0400

Financial planning can be overwhelming, particularly if you have been burned by the market or have received poor advice in the past. It is easy to feel unsure about where to begin and hesitant to embark on your financial planning journey. However, creating a plan that takes into account the ever-changing variables in your life is critical for achieving financial security in the long run.

In today’s episode, we’re going to discuss the process of making financial decisions and some common challenges that we see individuals face in this area. Drawing upon our personal experiences of working with individuals who have struggled with financial decision-making, we will explore the underlying causes that typically contribute to these difficulties.

Join us as explain why selecting the right financial advisor is the most crucial decision you will make in your financial journey and the numerous benefits that will come from starting your planning journey sooner rather than later.

Here's some of what we discuss in this episode:

Why some people are afraid to make financial decisions. (1:15)
How overanalyzing and procrastination can impact your financial planning. (6:40)
When things are changing in your life, it is even more important to have a plan. (9:39)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 21: Reasons Not to Call a Retirement Planner

Thu, 27 Apr 2023 05:00:00 -0400

Today’s show is a fun one. We’ll share some reasons why you should not call a retirement planner. While we typically highlight the benefits of seeking professional financial advice, today’s show is a tongue-in-cheek look at why you don’t need help.

Of course, if you're a master at conducting online research and are self-motivated, you may feel confident that you have all the answers you need. However, it's essential to consider the big picture when it comes to your long-term financial future. That's where the value of a financial coach or planner can come in. Join us for a fun twist on our usual show!

Here's some of what we discuss in this episode:

You’ve mastered internet research. (1:25)
You’re self-motivated. (2:36)
You have all the time in the world. (4:53)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 20: Easy Improvements You Can Make In Your Retirement Plan

Thu, 20 Apr 2023 05:00:00 -0400

Developing a comprehensive retirement plan tailored to your unique circumstances is important. Even if you have a long way to go before retirement, there are improvements you can make in your finances now that will set you up for success later down the road. In this episode, we’ll cover some simple adjustments you can make to your retirement plan to help achieve a more comfortable retirement.

Whether you’re holding onto too much cash or aren’t sure how to successfully protect your money from market downslides, working with a financial advisor can help you make the most of your money. By implementing intelligent strategies in your retirement plan, you can feel more secure and protected during times of market volatility. Join Tad and Toni as they discuss the importance of investing in proper money management to achieve your retirement goals.

Here's some of what we discuss in this episode:

Not using your cash to your best benefit. (0:57)
Protecting yourself during market volatility. (3:08)
Is your money being watched and managed daily? (6:47)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 19: The Countdown to Retirement: What You Need To Think About

Thu, 13 Apr 2023 05:00:00 -0400

If you are less than ten years away from retirement, there are critical things you need to be thinking about to properly prepare. Maybe you feel behind on your retirement savings or don’t have a structured plan in place to keep you on track. If that is the case, what should you do? In today’s episode, we are going to answer these questions and share the other essential things you need to consider as you near retirement.

In our time in the financial industry, we have found that most people do not have a structured income plan to prepare for retirement. We are going to talk about the importance of having this plan, being careful when dealing with the stock market, the danger of not knowing how much money is going out the door each month in retirement, and more. Join us as we chat about the critical steps that you can take now to ensure a more comfortable future.

Here's some of what we discuss in this episode:

What should you do if you’re behind on retirement savings? (0:54)
The danger of not knowing how much money is going out the door in retirement. (4:53)
Do you have a structured plan to generate income in retirement? (9:51)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 18: Common Retirement Planning Mistakes and How To Avoid Them

Thu, 06 Apr 2023 05:00:00 -0400

Are you worried about making mistakes in your retirement planning journey? Today we are going to talk about some common missteps that people often make and share advice on how to avoid them. Whether you’re tackling financial planning on your own or have been given bad advice on how to invest your money, you could be making detrimental mistakes in your retirement plan by not consulting an expert.

We’ll discuss a range of topics in this episode, like the long-term effects of starting social security too early, not understanding the risks you’re taking in your portfolio, and focusing on returns instead of income during retirement. We’ll also discuss the importance of seeking advice from experts instead of seeking advice from friends and family when it comes to investing your hard-earned money.

By the end of this episode, you’ll have the knowledge and tools to make informed decisions and avoid common retirement mistakes.

Here's some of what we discuss in this episode:

Is your cost of living keeping up with inflation? (0:30)
The impact of starting social security too early. (1:09)
Focusing on returns instead of income during retirement. (5:46)
Taking advice from family and friends on how to invest your money without consulting an expert. (7:55)
Not understanding how much risk you’re taking in your portfolio. (9:47)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 17: Where Do You Stand? Sustaining Your Lifestyle In Retirement

Thu, 30 Mar 2023 05:00:00 -0400

Whether you’re thinking about retiring soon or are already in retirement, do you have a clear idea of where your finances stand? We find that most of our clients are unclear on how much money it will take to sustain their lifestyle in retirement. In today’s episode, we are going to touch on some common mindsets that we see regarding retirement finances.

If you don’t know how much money is going out the door every month, you run the risk of running out of money in retirement. Whether you feel confident in your retirement finances or aren’t sure if you have enough to retire, a financial advisor can help you make a plan to sustain your lifestyle.

Join us as we discuss the importance of thinking deeply about these questions before you take the retirement leap.

Here's some of what we discuss in this episode:

The four client mindsets that we usually see regarding retirement finances. (0:23)
On average, our lifestyle analysis shows that our clients underestimate how much their lifestyles cost by 30% - 50%. (2:59)
The danger of the “I think I have enough money to retire” mindset without proper planning. (8:02)
Are you making the best social security and pension decisions? (10:43)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 16: Understanding Your Financial Personality

Thu, 23 Mar 2023 05:00:00 -0400

Are you tired of one-size-fits-all financial advice that doesn't quite fit your unique needs and goals? In this episode, we’ll introduce you to the three personality types that we work with most often in financial advisement: the over-analyzer, the odd couple, and the do-it-yourselfer. We'll discuss the pros and cons of different approaches and explore how understanding your financial personality can help you make more informed decisions.

Today we are going to take a deeper look at the obstacles and challenges these three personality types face when working toward their financial goals. Whether you struggle to make decisions while financial planning, have differing financial philosophies from your partner, or consider yourself a “do-it-yourselfer” with questions and doubts as you get closer to retirement, getting help from financial professionals can make a huge difference in your financial planning journey.

Here's some of what we discuss in this episode:

How over-analyzers can miss out on opportunities by struggling to act on their decisions during retirement planning. (0:29)
Bridging the gap for couples with differing financial philosophies. (3:51)
The Do-It-Yourselfer with questions and doubts as retirement approaches. (8:14)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 15: Pop Quiz- Supporting Your Lifestyle During Retirement

Thu, 16 Mar 2023 05:00:00 -0400

Do you know how much money it will take to support your lifestyle in retirement? We find that many of our first-time clients are unsure or are way off with their estimates. Having a solid financial plan that accounts for expected and unexpected circumstances is critical for your retirement. Today’s episode features a pop quiz that will get you thinking realistically about your financial planning needs.

Here’s some of what you’ll learn in this episode:

Do you know how much money it is going to take to support your lifestyle?(0:23)
Does your financial plan account for unexpected circumstances? (2:30)
Determining what your net worth needs to be before you retire. (5:28)
Your parents’ financial plan is most likely not a relevant comparison for your retirement goals (7:41)

We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006

Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 14: Unpopular Retirement Opinions

Thu, 09 Mar 2023 05:00:00 -0500

Being a good advisor isn’t about telling people what they want to hear or winning a popularity contest. It’s about evaluating a person’s finances and being realistic about what they need to do to reach retirement.

In this episode of Retire With Freedom, Tad and Toni Hill will push back against some of the most common beliefs and opinions related to retirement planning. We want to help you understand our process for helping a client determine what they’ll need to retire and why it’s not always the most popular opinion.

Here’s some of what you’ll learn in this episode:

What is the appropriate amount of risk that a retiree should carry? (1:25)
When people quit working, we have to determine income needs. (3:21)
Some brokers just take their client’s income projections as accurate but we want to run an analysis. (6:04)
How to determine how much money you need to retire. (9:15)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 13: Common Questions People Ask When Forced Into Retirement

Thu, 02 Mar 2023 05:00:00 -0500

Are you being pushed into retirement earlier than you planned? If so, you're not alone. Many retirees and pre-retirees face this dilemma and are left with a lot of questions.

In this episode of Retire With Freedom, Tad and Toni Hill explore common concerns of those who are forced or encouraged into retirement. They'll provide you with answers and clarity so you can evaluate your options with confidence. Should you accept a buyout offer or stay at your job? Will you need to cut your spending? How do you decide between a pension option and a lump sum?

If you’re getting pushed into retirement, tune in to get answers to these questions and avoid confusion when it comes to making these important decisions.

Here’s some of what you’ll learn in this episode:

Should I accept a retirement buyout offer or take my chances and stay with the job? (0:23)
Toni explains that a lot of people react to retirement concerns by assuming they’re just going to have to spend less in retirement. Tad says most people find out their situation is better than they think. (4:54)
Another common forced retirement question is, “Should I accept a pension buyout and receive a lump sum or keep the pension as a monthly lifetime payout?” (8:37)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 12: Empowering Birmingham – How Christian Service Mission Serves The Community with Tracy Hipps

Thu, 23 Feb 2023 05:00:00 -0500

Neither Freedom Financial Group nor AEWM are affiliated with Tracy Hipps or the Christian Services Mission.

On this episode of Retire With Freedom with Tad & Toni Hill, we take a break from financial talk and get to meet one of the key members of the Birmingham community. We have the pleasure of speaking with Tracy Hipps, the executive director of Christian Service Mission (CSM), an organization dedicated to serving others through various partnerships to connect resources with needs in the community. Tracy shares his inspiring journey of how he got involved with CSM and how he led the organization through difficult times to the robust role it now plays in Birmingham and beyond.

Tracy highlights the crucial role partnerships play in achieving their objectives and how they empower communities to become self-sufficient. For retirees looking to give back to society, Tracy offers valuable insights into how they can get involved with volunteering and make a meaningful difference in people's lives. Whether it's through skills-based volunteering or providing financial support, there are many ways to contribute.

Tune in as we delve deeper into Tracy's experiences, the impact of CSM's work on the community, and how you can get involved.

Here’s some of what you’ll learn in this episode:

How Tracy got involved with CSM and got the program back on track to serving the community. (1:25)
Tracy lays out the mission and focus of CSM and how their important partnerships play a role. (2:40)
Ways for retirees to get involved with volunteering. (6:30)
How to touch base with Tracy and CSM. (9:14)

About Tracy Hipps:

Tracy Hipps joined the Christian Service Mission as Executive Director in 2010. Tracy is a leader in community development and has spent more than 30 years “serving the least of these” in Chicago and Birmingham. Previously, Tracy was the Community Facilitator for Mission Birmingham and he has also served as a Youth Pastor for The Center for Urban Missions and The New City Church. Tracy is a graduate of Southeastern Bible College and holds a Master’s degree in Art in Ministry from Grace Seminary. Tracy is a member of Shades Mountain Baptist Church.

Learn More About Christian Service Mission On Their Website:

https://csmission.org/

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 11: The Retirement Jigsaw Puzzle

Thu, 16 Feb 2023 05:00:00 -0500

Retirement planning is very much like putting together a jigsaw puzzle and figuring out how to make every piece fit together.

When you put together a comprehensive plan, there are so many different items that you need to review and prepare for, and that’s not easy to do. It’s important that you work with a professional that is a retirement planner that can help you see the full picture and piece it all together.

In this episode, Toni and Tad will explain our process and how we help put together the retirement jigsaw puzzle for our clients.

Here’s some of what you’ll learn in this episode:

· First thing you have to do is look at the big picture. (0:23)

· You need to be working with someone that can look at every piece to help you put it all together. (2:14)

· We meet so many people that have many unresolved issues. (8:10)

· Organizing the pieces to make it easier to find what you need. (12:28)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 10: Retirement Planning Basics

Thu, 09 Feb 2023 05:00:00 -0500

Please remember that converting an employer plan account to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may have several consequences. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.

We come across people all the time that have a drive to get educated when it comes to financial planning but it’s important to be aware of where you’re getting that information. Reading books or searching for information is great, but how applicable is that research to your financial plan?

In this episode, Toni and Tad will highlight some basic planning topics that can easily be misunderstood unless you have a thorough grasp of the financial world. Sometimes it’s best to get back to the basics and that’s the goal today.

If you ever have questions about your investments or your plan, reach out to a financial professional to get more clarity. It’s always essential that you understand everything about your portfolio.

Here’s some of what you’ll learn in this episode:

· The importance of education for our clients. (0:23)

· Discussions we’ve had with clients about Roth conversions. (1:47)

· Not all people in financial services focus on retirement planning. (6:28)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 9: Stock Market Shenanigans & Advisor Characteristics

Thu, 02 Feb 2023 05:00:00 -0500

With the way the market has performed over the last year or so, you might just say there have been plenty of stock market shenanigans. The ups and downs of the market are never easy to experience while they happen.

So many things are beyond our control but you don’t have to let those things rule your financial life. We can’t stop the stock market from correcting or crashing, and none of us can stop interest rates from rising or inflation from happening. The one thing we can control is who we work with and what type of plan we construct.

In this episode, we’ll explain how we help clients protect themselves from market downturn without just leaving the market and moving everything to cash and we’ll also share a few characteristics you want to look for in a financial advisor.

Here’s some of what you’ll learn in this episode:

· How fixed annuities can protect you from market volatility. (2:04)

· Without a plan, most people will fall into one of two extremes. (4:25)

· One of the first things you should be asking an advisor is what is their area of expertise? (7:25)

· Why most people aren’t sure how much money they’ll need in retirement. (9:52)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 8: Is Your Retirement Security Vulnerable To Inflation?

Thu, 26 Jan 2023 00:00:00 -0500

Baseball player Sam Ewing once said, “Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.” It’s a humorous quip, but as most of us found out in 2022, inflation isn’t much to laugh about when it truly impacts your life.

On this episode of the Retire With Freedom Podcast with Tad Hill and Toni Hill, we’ll talk about how even those fortunate enough to have pensions are exposed to the dangerous effects of inflation. Tad and Toni will also detail how protecting against inflation is a big part of their planning process when they help clients construct a fiscal house.

Here’s some of what you’ll learn in this episode:

· Toni explains why pensions are vulnerable to inflation. (1:00)

· Because interest rates are rising there are opportunities to use certain types of products to lock in market gains to help combat inflation. (3:10)

· Toni spells out how all our major financial decisions are tied together. (7:45)

· Tad: “This inflation thing is real…” (8:09)

We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006

Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 7: Is Cognitive Bias Influencing Your Investments?

Thu, 19 Jan 2023 05:00:00 -0500

It’s human nature for all of us to get influenced by some type of bias in our lives. Our finances are not excluded from this either and bias can play a big role in decision-making if you aren’t cognizant of this.

In this episode, Tad and Toni will explain the different cognitive biases that investors get swayed by. This can happen in a variety of ways, but there are a few that we see most often and we want to make sure you are aware this might be happening to you as well.

Here’s some of what you’ll learn in this episode:

· The Dunning Kruger Effect - the less you know, the more confident you are and vice-versa. (0:37)

· Many of us fall into the trap of confirmation bias. (3:44)

· The most common mistakes that we see when it comes to cognitive bias. (6:58)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 6: The Retirement Restaurant

Thu, 12 Jan 2023 05:00:00 -0500

It’s time to serve up some investment planning conversation by taking you out to the Retirement Restaurant.

Oftentimes it’s easier to understand different concepts when you make analogies to everyday experiences, and that’s what we’ll do on this episode by making a few financial comparisons to a night out. Hopefully this will be an appetizer for the next meeting you have with your financial advisor.

Here’s some of what you’ll learn in this episode:

· Picking two out of three options for your investments. (0:37)

· Liquidity should be factored into investment decisions. (4:15)

· You should structure your investments different as you approach retirement. (6:07)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 5: Financial Gray Areas

Thu, 05 Jan 2023 05:00:00 -0500

There are topics in the financial industry that many seem to think are cut and dry. Is all debt bad? Should you pay off your house?

In this episode, we will discuss some of these topics and help you understand whether you might fall into a gray area. It’s important to base your financial decisions off of your personal situation, even if it goes against the grain.

Here’s some of what you’ll learn in this episode:

Should you pay the house off early? (1:17)
Are Roth Conversions always the right thing to do? (3:45)
Here you can learn about changes coming to taxes in 2026. (5:11)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 4: Busting Retirement Planning Myths

Thu, 29 Dec 2022 05:00:00 -0500

In this episode, we will be busting some financial myths that you may be believing. Financial myths often hold people back from achieving their best portfolio, and even from taking care of their family to the best of their ability.

Listen to learn how we build different planning strategies, things to consider when end-of-life planning, and more.

Here’s some of what you’ll learn in this episode:

Should you leave your spouse with less money since their spending could be less? (0:23)
Learn about different types of portfolios we build. (6:00)
What you might be misunderstanding about annuities. (8:08)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 3: Can You Retire Early?

Wed, 21 Dec 2022 05:00:00 -0500

We have gotten a lot of questions from clients over the years. Occasionally, we have clients that come in and want to know if they can retire early. They will bring in their company’s retirement calculator projections for us to look at, and unfortunately, we have to explain why these can be wildly inaccurate.

There’s so much more to retirement planning than these calculators are capable of. Listen to this episode to hear some of the basic steps we will need to cover before we can determine when you might be able to retire.

Here’s some of what you’ll learn in this episode:

· What you need to think about before you retire. (1:45)

· You need healthcare. Let’s come up with a plan. (4:46)

· Stop using retirement calculators online. (6:17)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 2: The Retirement Planning Process

Thu, 15 Dec 2022 05:00:00 -0500

Is your advisor managing your investments or helping you with retirement planning? Most people don’t understand the difference, so today we will cover this topic to help you make the best decision about who is managing your money.

In this episode, we will discuss our process and why we emphasize tailoring a plan to the needs of the individual. We want to make sure that your money is going to last through retirement and we hope this episode will help you take another step toward financial freedom.

Here’s some of what you’ll learn in this episode:

Some people have their investments managed, but they don’t have their retirement planned. If that’s you, listen here. (0:23)
Are all Advisors the same? (4:45)
Your plan should be customized to your needs. (9:00)
Make sure you’re asking the right questions. (10:48)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ep 1: Get To Know Toni & Tad Hill

Tue, 06 Dec 2022 16:00:00 -0500

The team at Freedom Financial Group is excited about the launch of the podcast, which will provide another platform to educate people about financial planning. Before we jump into specific planning items and take you into the specifics of our process, we wanted to spend a little time introducing the hosts of the show, Toni and Tad Hill

On this episode, they will tell you the story behind the business, what drives them to do what they do each day, and what we hope to accomplish through this podcasting medium. Even if you aren’t someone that lives in or around Birmingham, Alabama, we still hope there’s a lot of value in what we will offer on this podcast.

Here’s some of what you’ll learn in this episode:

· What we like best about the work we do each day. (6:11)

· Creating clarity and simplicity so that our clients will be better off from working with us. (9:48)

· Some background on who we are, how we met, and how the business developed. (13:22)

· What we hope to accomplish with the podcast (17:48)

· The virtual financial planning process we’ve started doing of Zoom. (20:44)

Resources:

🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t