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The Income For Life Show, powered by Folds Of Honor. Join the Income For Life team as they discuss common financial and retirement income concerns and break them down in an easy-to-understand way. No financial jargon (without an explanation) on this show! Retirement, annuities, income, taxes, planning, common mistakes, the stock market, emotions... We cover it all on the Income For Life Show. The Income For Life Show is powered by Folds of Honor, a 501c3 non-profit organization dedicated to ...
 
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The pandemic has caused a lot of turmoil in the job market. Many people have been laid off and now have to find a new employer to work for. But what should you do with your retirement account that's with your old employer? Matt and Nick talk about a few strategies you can utilize when making this big decision. Contact: 833-450-3062 incomeforlife.or…
 
The Income For Life Show, powered by Folds of Honor, is back! On the first episode of the renewed podcast, Matt and Nick discuss the philosophy behind The Three C's of Retirement. Understanding your Checkbook, Calendar and Clock is the secret to a successful retirement and we'll explore why that's the case on today's show. Contact: 833-450-3062 inc…
 
Occam’s Razor is a term from the 1300’s that still applies today, which describes that when two or more ideas are presented to you – the simplest idea should be chosen. That same idea is how retirement income planning should be, because if you cannot explain it to a six-year-old, you probably do not understand it yourself. Take a listen and find ou…
 
Have you ever wondered whether or not you would “make it” in retirement? You know, whether you had saved enough money… or whether you were carrying too much stock market risk? Are you paying too much for your investments? Do you have the right advisor? These are all pretty common questions that most people tend to ask themselves. Specifically, with…
 
“Status Quo” is a term that is often thrown around for a variety of things. At it’s core definition, it means “the existing condition or state of affairs.” We commonly use it as a phrase to insinuate that we are just ‘going to keep things the same’ or choose not to change how we have always done things. And while this is fine in terms of which driv…
 
Sometimes, the simple thought of ‘common sense’ gets overlooked in all the media marketing and political correctness ways of today. It is important to sometimes look back and reflect on things that we often say and do. Today, our old friend by the name of ‘Common Sense’ has passed away – and we read his obituary. You won’t want to miss this……
 
Q: When does an OPINION become a FACT? A: When the opinion can be proven. Sure, everyone can have an opinion on whatever they want. There is nothing wrong with opinions, as long as they do not distort the facts. With that said, the #1 fact of retirement income planning is quite simple: Your retirement income MUST be guaranteed for LIFE. It must las…
 
If you become disabled, you may face huge bills for daily help. And, no, Medicare doesn’t cover it. When you try to gauge the biggest risks to your financial security in retirement, health care costs usually top the list. But there’s even bigger danger that doesn’t get as much attention: long-term care costs. Listen to our podcast discussing The Re…
 
Filling up at the gas pump these days sure is nice. Gas is under $2 per gallon in most places and it sure is easier on the wallet – but what happened the last time oil prices dropped this low this quickly? The signs are all around us and looking back at history can sometimes tell you what is coming up in the future. Listen in to learn more about wh…
 
So, you’ve retired, huh? Now what? Should you keep all of your money in the stock market? How much risk should you really be taking? Better yet…how much risk can you truly afford to take? If history has taught us anything about investing in retirement, having too much risk at the wrong time can be completely devastating. Just ask the thousands and …
 
In today’s media, we often hear about the new Hybrid Annuity products, or Fixed Index Annuity products, and how they can not only allow a retiree to have peace of mind with their retirement dollars – but also participate in the good years of the markets. I am a believer that in order to determine where you are going, you need to know where you have…
 
Proper retirement income planning is difficult, to say the least. Who is right and who is wrong – and what if I mess it up? We understand. Listen to the podcast to learn about the 7 Retirement Income Planning Risks and How to Avoid Them and call us toll free at 877-284-8929 or visit www.IncomeForLife.org to learn more.…
 
If you are beginning to prepare for retirement, or you recently retired and you are trying to sort out all the different options you have, you might be feeling a little overwhelmed! After all, making smart financial decisions is pretty hard! Not only do you have to determine who is the best advisory firm to hire, but then you have to sort through a…
 
Today, the #1 fear in retirement is outliving your money, and it makes sense. How do you know if you have saved enough for retirement? The fears are real. On today’s show, we look at the only financial product out there that can offer the promise of a guaranteed lifetime income stream in retirement – and that is an annuity. We will uncover the good…
 
For the average person, understanding different investments, the choices you have on your plans, the risk each option carries, etc…it’s just flat out confusing! If you have not spent time educating yourself or just simply don’t have the interest to do so, you might not be very optimistic. Even worse, you may have hired a financial adviser thinking …
 
The 401k account has become one of the most popular and most commonly held investment accounts in the country. Over the past 30-40 years, we have seen the number of 401k plans steadily rise – and the number of pension plans steadily fall. Employers are shifting and are now opting to install the less expensive 401k plans. Today’s podcast is all abou…
 
There are fundamental differences and changes that every investor must consider as they move along their path towards, and into, retirement. Investing your money properly for each phase can make a huge difference as far as when you might be able to retire. The three phases is very simple to explain. Take a listen to today’s podcast discussing The T…
 
You have probably heard the phrase “the stock market is just another form of gambling”, and in some instances that is absolutely true. Perhaps it can be deemed more socially acceptable way to gamble, as the amount of participants that use the stock market may outweigh the amount of people who regularly gamble. At any rate, our goal for this podcast…
 
Using a ‘robo-adviser’ is all the rage right now, especially since Charles Schwab recently joined the party marketing the first worldwide “name” to accept this new way of investing as a mainstream option. What retirees and near-retirees are trying to understand is how these things actually work, what makes them better or worse than traditional opti…
 
With every passing year, more and more employers are deciding to offer lump-sum buyout offers to eradicate their books from the lengthy list of pensions they are on the hook for. Retirees and near-retirees alike are getting lump-sum offers on a regular basis – but which is right? Today’s podcast discusses the pros and cons of each strategy to help …
 
There are tons of comparisons from all walks of life discussing how Wall Street is ‘just like a casino‘ because you can lose your money just as fast as you win it. If I was a casino owner, I would be FUMING MAD at this comparison because I would never want to be compared in the same sentence as Wall Street. In the United States of America, it is il…
 
Most people tend to focus on the big picture when considering whether or not an early retirement is an option, when in reality it’s all of the small risks that they need to make sure they have a handle on. Having a lot of money saved for retirement is all fine and good, but is it going to be enough? Do you have enough to make it last? Today’s show …
 
One of the most common areas that pre-retirees and retirees have surrounds their Social Security benefits. For most people, they understand that they are entitled to some sort of a benefit, and they are estimating that based on years of receiving a ‘statement of benefits’ from the Social Security Administration. However, as you know, the program is…
 
As thousands of baby boomers rush into the retirement system each and every day, planning for the retirement you hoped for can be a tough task. After all, people have worked a lifetime in most cases to accumulate what they have – and ever before, until now, have they had to attempt to develop a plan that will help them spend some of their savings. …
 
With so many different investment methodologies and investment philosophies out there today, it is important to sort out the good advice from the bad. Many investors might experience ‘decision paralysis’ when presented with all of the different options they have available to them. The ‘rules of thumb’ are typically a good place to start. However, t…
 
As you already know, CD interest rates are still in the gutter. It has been almost ten years since CD’s were a viable growth option for your money. I know that many have held on in hopes that rates will come back. Unfortunately, if you have a CD that comes due this year or you recently had a CD renew, you know that rates are even worse than they we…
 
We often talk a lot about proper income planning, and managing tolerance, or even how to choose the right advisor. One area of finance that is sometimes neglected is the idea of how an investor’s individual behaviors and emotions can severely influence their chances at success – specifically in retirement. Pre-retirees and retirees have been saving…
 
Does this sound familiar? Thousands of Baby Boomers rushing into retirement each and every day…pensions underfunded all over the country…Americans living longer and pushing the retirement system to it’s threshold…you get the drift, right? The American retirement system is under duress and is causing problems for thousands of people. And although we…
 
There are plenty of misconceptions prevalent on how annuities work and whether or not you should own one. Quite frankly, research shows that there are plenty of benefits to owning an annuity depending on your circumstances. However, due to the misunderstandings that are present and the lack of proper education on the front-side, most retirees and p…
 
It sure seems like it is easier to find a ‘bear’ than it is to find a ‘bull’ these days. Talk about investors walking around on eggshells lately! Do you really blame them? After all, we are now 6+ years into the current bull stock market run we have all experienced. So, it is only natural for most investors to start ‘waiting’ or ‘anticipating’ when…
 
Retirement is the culmination of a lifelong journey for most. As Americans, we work and save and sacrifice for a long time with hopes that someday we will have amassed a large enough nest egg that we can retire and live off of our assets. Programs like Social Security and company pensions help some, but most of today’s retirees are forced to save t…
 
Each and every week we receive phone messages and emails from all over the nation with questions from our listeners. We have compiled this growing list over the past few months and we thought it would make the most sense to dedicate an entire show to your questions. Today, we lay out the common questions you have been asking and give you step by st…
 
Retirement. It is a frightening word for many. It is definitely a big decision. Can you afford to retire? Are you ready? Thousands of baby boomers are asking the same question every day as they inch towards the next phase of their lives. As with any big decision, there is always fear of making a mistake. When it comes to living in retirement and th…
 
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