Retirement 360

When retirement time comes, it may also be time to get rid of things you have held onto for years that may not serve a purpose, or are no longer needed. Today Alan and Troy discuss this process and how to organize financial records that need to be kept to be sure they are available. It also comes in handy when making a retirement financial plan and also a legacy plan for the things you not only want to keep, but to pass on to the next generation.

Today Mark Elliott takes over as host of the program, and he and Alan take a look at what money can mean in an emotional sense. The show is based on the book The Psychology of Money by noted financial author Morgan Housel.

What does it mean to be financially healthy? Today Alan and Troy go over some things you need to take into consideration during a financial check-up to make sure you are actually ready to retire in terms of your money being able to sustain you through those non-working years.

That's exactly what Alan does in this episode - talks about ways in which tax planning strategies could possibly lower your tax bill in the future, as well as keeping on top of your taxes all year round instead of just at the beginning of the year before filing your return.

For people who own a small business, retirement is a trickier proposition, especially when they are putting extra money back into the business instead of into retirement savings. Today Alan and Troy discuss options available for small business owners, whether it be a savings plan developed specifically for small business or a succession plan to determine what happens to the business when the owner is ready to retire.

Inflation is one of the biggest topics of the year in the financial world, and it is affecting people's retirement plans. Alan and Troy have tips on how inflation can be accounted for in a retirement plan as well as how to save more to be sure funds are there to help cover higher future costs.

There is no way to truly prepare for something as the death of a spouse. But you can take steps to make sure the surviving partner will know where financial information is available. Alan and Troy discuss what those are whether you do or do not have a financial advisor.

First, Troy looks at the summer travel season and how people's plans may have changed due to the economy and inflation right now. Then Alan looks back at how retirement planning is different now than it was even 30 or 40 years ago, and the different savings vehicles and options available to help the money you've saved provide you with what you need for retirement.

Alan and Troy begin by discussing financial headlines for the week, then take a look at three big topics for anyone's retirement planning list - income, taxes and health and long term care.

First, Troy takes a look at financial headlines. Then Alan discusses the tools, or strategies, that can be used in creating a personalized, written retirement plan for the specific needs of any individual or couple.

Troy talks financial headlines as well as gives a final update on the July 14th mid-year outlook event hosted by Mercurio Wealth Advisors. Then Alan discusses the different financial instruments, or tools, that can be used to create your Retirement 360 Game Plan

Today Alan address the coming "Peak 65" when more people will turn age 65 than at any point in U.S. history and what it can mean for those who are planning for retirement. Troy and Alan also address other headlines as well as their State of the Economy seminar on July 14 with two outstanding guest speakers.

In the opening segment Troy looks at some headlines as well as promoting some major events Mercurio Wealth Advisors will host in the coming weeks. Then Alan revisits the subject of retiring in today's changing environment with few pensions and longer lifespans, and how a written income plan can help make your retirement dollars last so they can provide for your retirement lifestyle as long as they need to.

There are a lot of things to know about Social Security - taking it at a random time just because you want to could actually cost you thousands of dollars over your retirement lifetime. Today Alan talks about how you can make the right decisions and get the most of your benefits.

The baby boomer generation is in the midst of its retirement years now, but Gen Xers are not far behind. Today Alan takes a look at what folks in their 40s and 50s - as well as boomers in their 60's - should be doing to get their financial plans ready for their retirement years.

Troy begins the program by talking about his background in financial services and how he became involved with Mercurio Wealth Advisors. Then Alan discusses how retiring in today's financial environment is so much different from just a few years ago, especially in regards to how the reduction in pensions and the rise of 401Ks and other self funded investment instruments have changed how people need to save for retirement to assure the lifestyle they want to have after their working years are over.

The IRS tax code consists of over 70,000 pages - and it changes regularly. And they leave it up to you to make sure the return you send them annually is correct. Today Alan talks taxes and how important it is to not only get things right this year, but also how tax planning for the future can potentially save you hundreds of dollars or more that you can keep instead of sending it to Uncle Sam.

Today Alan looks at some of his favorite things about Kentucky Derby Week, which just concluded at Churchill Downs. Later in the show he revisits the subject of stock market volatility, and what to keep in mind about staying the course with your investments during the economic bumps in the road.

After some weekly headlines Alan looks at how you can give your financial situation a so-called spring cleaning. It's a good time of year to take a look at your situation and statements, and have a discussion with a financial professional about the best way to use them in a solid retirement plan, or to go over your current plan and update anything which needs it, depending on your situation.

Retirement is like a vacation destination - and the same kind of planning is required to make sure the trip goes smoothly. Today Alan discusses the process and steps needed to be sure you have everything you need for that retirement destination you imagine.