Category: Finance

Rick Sechler discusses the factors to consider when planning for healthcare in retirement.  Listen to the interview on the Business Innovators Radio Network:  https://businessinnovatorsradio.com/interview-with-rick-sechler-cfp-founder-of-usa-retirement-solutions-discussing-managing-healthcare-costs-in-retirement/ Retirees face a variety of healthcare-related expenses during their golden years. It’s important to plan ahead to ensure that their finances are in order and they have the resources available to cover any medical costs that may arise. Rick explained: “The first step in planning your healthcare expenses is understanding the various available healthcare plans. Traditional Medicare provides coverage for seniors 65 and over, while other…

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Renée Kennedy discusses how Long-Term Care expense impacts retirement.  Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-renee-kennedy-president-of-aaa-life-solutions-discussing-weathering-the-financial-storms-of-life/ Renée explained: “Long-term care expenses can greatly impact retirement planning. It is important to consider the potential costs associated with long-term care when making financial decisions during your working years. These expenses can include professional health services, personal care services, and custodial care provided in nursing homes, assisted living facilities, or even at home. In addition, they could include any related medical supplies and prescription drugs needed to manage the…

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Discover the ultimate resource for navigating complex financial issues during divorce as Harmony Divorce Solutions unveils their innovative website, empowering clients with expert guidance and alternative resolutions for a financially secure future.

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David Royer discusses common IRA Tax Traps that can be avoided with the help of a trained professional to prevent costly and irreversible mistakes.  Listen to the interview on the Business Innovators Radio Network:  https://businessinnovatorsradio.com/interview-with-david-royer-financial-advisor-and-educator/ Avoiding certain common IRA tax traps is essential to ensure retirement savings are preserved. Here are just some of the many mistakes that should be avoided: Not taking required minimum distributions (RMDs) – RMDs are mandatory withdrawals from traditional IRAs and must begin after age 73. Failing to withdraw the correct amount or not withdrawing…

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Rick Sechler discusses the differences between Medicare Advantage and Medicare Supplement plans.  Listen to the interview on the Business Innovators Radio Network:  https://businessinnovatorsradio.com/interview-with-rick-sechler-cfp-founder-of-usa-retirement-solutions-discussing-medicare-supplement-plans/ Medicare Advantage Plans, or Part C, are one way to receive Medicare benefits. These plans combine hospital, medical, and prescription drug coverage into one plan and provide additional services that Original Medicare may not cover, often including vision, hearing, and dental. Many Medicare Advantage plans include extra benefits such as over-the-counter health and wellness items and gym memberships. Medicare Supplement Plans (sometimes called Medigap) are designed to…

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Guy McCord discusses determining if an annuity is a good fit for your retirement plan.  Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-ft-worth-financial-professional-guy-mccord-mba-discussing-annuities/ Regarding retirement planning, annuities can be a good option for many people. An annuity is a contract between someone and an insurance company where a person pays a lump sum or makes periodic payments in exchange for regular income payments during retirement. Annuities can provide a steady stream of income that can help people maintain their lifestyle during retirement and offer potential tax advantages.…

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D. Scott Kenik discusses how market volatility can negatively impact retirement. Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-d-scott-kenik-founder-and-principal-of-wealth-concepts-group-discussing-market-volatility/ Scott explained: “Market volatility can have a devastating impact on retirement savings. When the stock market is volatile, the value of investments rise and fall. This can cause people to lose money when prices drop, possibly leaving them unable to recover their losses before retirement. It’s important to recognize that market volatility can erode people’s retirement savings over time, even if it appears that they’re making gains in…

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Michael Moore discusses how life insurance premium financing can benefit a high-net-worth investor.Listen to the interview on the Business Innovators Radio Network:  https://businessinnovatorsradio.com/michael-moore-clu-chartered-financial-consultant/ Life insurance premium financing can be an excellent financial strategy for high-net-worth investors. Premium financing allows these individuals to obtain the large life insurance policies they need, with little impact to current assets and cash flow.   By borrowing funds from a lender, the investor can pay a smaller interest payment vs. a larger non-financed premium payment. Michael explained: “The ability to obtain large policies without outlaying significant…

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Financial professional Bob Chitrathorn, the Co-Founder of Simplified Wealth Management and the bestselling author of “The Drive to Success,” continues to make waves in the world of business and entrepreneurship as he shares his phenomenal journey and success secrets with aspiring entrepreneurs. Bob’s career path began in 2004 when he discovered his passion for personal finance, which later led him to co-create Simplified Wealth Management. His experience includes a stint at H&R Block and a keen interest in real estate. During his time at CSUSB, he found his calling –…

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