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Patrick A. Strubbe, ChFC, CLU, RFC is the founder and owner of Preservation Specialists, LLC. He has been helping clients with their financial futures since 1997. Pat has been featured as a retirement expert in USA Today and on WIS-NBC TV with Dawndy Mercer Plank. He’s also been featured in Investors Business Daily. Pat is also the author of the Amazon.com best-selling book, “Save Your Retirement!” Featuring seven nasty villains, Pat’s down-to-earth humor and expertise shines through his Sup ...
 
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Should you be concerned about your Social Security benefits? It seems like the numbers just keep changing, and campaign promises are adding even more confusion to the mix. But we’ll try to help sort all of that out today! Plus, with all the options you have to weigh in retirement, it feels like the longest game of Would You Rather…ever!…
 
We’re nearing the end of the third quarter of 2020 and most of us are over it. Can we just go ahead and move on to 2021 already? We’ll share some ideas about how 2021 could play out. And if you became a game show millionaire, could you really retire on what you won? We’ll answer that question, plus we’ll dive into our Save Your Retirement Mailbag.…
 
Despite all the hits the economy has taken in 2020, Americans are still piling money into their retirement accounts. We’ll discuss if there’s ever a good time to slow down on those retirement contributions, plus we’ll cover the three stages of retirement and a rundown of the things that could seriously damage your plan.If you enjoy the podcast, wou…
 
The second quarter of 2020 was the worst the U.S. has ever had. Economists hope for recovery in the third quarter, but it depends on just how well we can keep the virus in check. It’s not all bad news, though. We’ll also hear some financial tips from the rich and famous, and we’ll answer your questions when we open our Save Your Retirement mailbag.…
 
Government spending continues to ramp up and the U.S. budget deficit hit an all-time high in June of 2020. The Social Security Trust Fund was projected to go broke in 2035, and that projection was released before the covid pandemic hit! With forced early retirements and millions still unemployed, Social Security faces new challenges. Pat discusses …
 
When we think about retirement and what you need to focus on with your money, four things often come to mind, and we think that everyone in retirement needs at least these four things in their plan in varying levels – Protection, Growth Potential, Income and Liquidity.If you enjoy the podcast, would you please consider leaving a short review on pod…
 
A phone call or website can seem so impersonal. Or worse, it could be a financial scam. At least, those are possible thoughts one may have before they visit someone to handle their finances in retirement. It can be a scary thought to go out there and do something new. So, to help provide more confidence to face the unknown, this show will focus on …
 
If you are retiring soon or recently retired, it’s time to shift the fundamental reasoning for how you invest your dollars. Moving from your working career and “paycheck” mode into retirement and “distribution” mode is a serious deal. It’s normal to have some hesitancy when it comes to transitioning your investments to coincide with this new phase …
 
If the year 2020 has taught us anything, it’s that income is critical. There are all sorts of ways to make money and earn a living while you’re working. But when you’re retired, the choices are different. Today’s show is all about what you should know about creating income in retirement.If you enjoy the podcast, would you please consider leaving a …
 
First, it was the SECURE Act that passed at the end of 2019. Then the Coronavirus happened sending the markets and the economy into a tailspin. We may be only talking about a couple of months here, but planning for retirement has changed because of recent events. So, what will be the new normal? We’re less concerned about a new status quo and more …
 
You visit your doctor every year for your annual check-up to stay healthy and to be aware of any potential issues when it comes to your health. Why should your financial health be any different? That only multiplies in importance once you get in retirement, because you’re no longer earning a paycheck. This show examines what you need to be aware of…
 
When times get tough, it’s easy to get overwhelmed by feelings of doubt. But is that really the best way to succeed? Today we’ll talk about how you can make a shift to focus on the silver lining in the darkest of days, and how to identify opportunities for success in challenging times.If you enjoy the podcast, would you please consider leaving a sh…
 
When people think about a market crash, their mind immediately goes back to 2008. Yet no matter the year, no one can really tell when we’re in a bull market or bear market until we’re already well entrenched. So how are investors to cope with this possibly unsettling information? Working with a financial advisor, we believe those who are in an accu…
 
Fears of the coronavirus sent the markets tumbling in February and March, raising concerns that global economic growth could be impacted. So, medical emergencies can even cause market volatility? What are retirees to do? How do you plan for something like a virus outbreak in your retirement plan? We’ll discuss how to react and what to consider when…
 
It’s easy to go from one extreme to the other when it comes to being risky or ultra conservative, but we might need to be somewhere in between. For most of us, we don’t want as much excitement as we age – especially when it comes to our money. There’s just no sense in taking unnecessary risk. So today we’ll talk about how you help ensure you have t…
 
Retirement is one of the most important life stages a person will go through, and with people living longer, the need to properly plan for retirement is critical. This can be a daunting undertaking. In this show, we’ll look at some key points that can help get you on the right track to planning a successful retirement.If you enjoy the podcast, woul…
 
You are the captain of your own retirement and just as much as a captain of a ship does, you make the decisions for the direction you choose, navigate the storms that will come your way and anything else that may happen while you’re adrift. But a captain always has someone by his side to shoot ideas off of, offer alternatives and should something h…
 
Change can be hard. We all know that. And maybe that’s why we keep making New Year’s resolutions each year, even though many are forgotten before the spring thaw. But what if we made change easier? Well, that’s our goal for today as we go through resolutions that can benefit you in the new year. Resolutions that are approachable, easy to implement,…
 
Women are more inclined to think of others before they think of themselves. They think of their children, their spouse, their parents, and she serves all of them with her love. But along the way, that woman may lose sight of another important figure in her life – herself. Statistics show that women live longer than men, and because of this, retirem…
 
Two things most Americans can count on come retirement: Social Security and Medicare. You've worked so hard to earn these benefits, but to make the most of them need to have a good understanding of the programs and their many moving parts. You also need to make the right decisions about your benefits, at the right time, for your personal situation.…
 
How could the financial moves a person makes before the end of the year help them get closer to the retirement they envision? This show details financial moves to consider before year’s end to help get listeners closer to a financially confident retirement — strategies that can not only boost savings, but help to lower taxes and help protect assets…
 
Being a celebrity…it’s the American dream, right? Money concerns don’t affect them like they do us, wouldn't you think? Well even celebrities − from all walks of life − aren’t immune to financial woes. Learn about the financial troubles various celebrities have encountered throughout their lives and careers and know that no one is immune from losin…
 
What if I don’t have enough income to retire? What if I run out of money before I run out of life? What if I’m taking too much risk with my accounts? What if something happens to me and I’m no longer able to make decisions? These are questions all potential soon-to-be retirees should ask now, before they’re potentially hit with the question, “What …
 
Think about all the ad slogans you’ve heard over the years and I’m guessing you can name at least 5 of them. You recognize all these slogans because they’re simple. And their marketing is so effective that you can picture the logos of these companies and hear that catchy jingle in your head. Because simple sells. But that’s a trap when it comes to …
 
Sometimes we can neglect the instances where retirement is suddenly thrust on someone because of unforeseen complications, like a health-related problem. This show dives into that scenario and what can be done to help ensure a comfortable retirement for the retiree.If you enjoy the podcast, would you please consider leaving a short review on https:…
 
You visit your doctor every year for your annual check-up to stay healthy and to be aware of any potential issues when it comes to your health. Why should your financial health be any different? That only multiplies in importance once you get in retirement, because you’re no longer earning a paycheck. This show examines what you need to be aware of…
 
The Federal Reserve recently cut interest rates, a move that could signal the start of a new cycle of rate cuts to bolster the U.S. economy. It provides a view that a slower-growing economy with low investment returns and workers having to either save more or stay employed longer could be ahead. How might it affect retirees? Will they have to take …
 
A phone call or website can seem so impersonal. And worse, it could be a scam. At least, those are possible thoughts one may have before they visit someone to handle their finances in retirement. It’s a scary thought to go out there and do something new. So, to help provide more confidence to face the unknown, this show will focus on what the proce…
 
Living to the ripe old age of 100 isn’t as farfetched as it used to be. And as the likelihood of living that long increases, so, too, does the risk of outliving your money. This show details some of the steps people can take today to extend the life of their assets for all those tomorrows that may lie ahead, including suggestions for managing and s…
 
We’ve all heard that we need to save for retirement. But the end goal seems more elusive today than ever. Is there a way to save that will actually have a larger positive impact on the retirement bottom line? Are there certain financial building blocks that, when put in place now, will help create a retirement portfolio designed to last as long as …
 
It’s hard to discuss life and death matters with your family, because any loss in family is just too hard to even think about. But not discussing these matters can also bring pain, and sometimes, hardships. Should something happen to you – and especially if you’re the breadwinner – you need to plan ahead not just for your sake, but for the sake of …
 
This show addresses one of the most common retirement planning questions: “Am I on track to retire?” The show speaks to the importance of defining one’s financial needs and objectives. It also asks the question: “How much should we have saved for retirement?If you enjoy the podcast, would you please consider leaving a short review on https://podcas…
 
Who ARE the Seven Retirement Villains? And more importantly, how do you protect yourself from them? In this show, we dig into Pat's best-selling book, the seven retirement villains, and specific steps you can take to protect yourself and your retirement.If you enjoy the podcast, would you please consider leaving a short review on https://podcasts.a…
 
The month of March brings us one of the greatest sporting events, the NCAA March Madness tournament. And whether you watch much college basketball or not, many still fill out brackets at the office or with friends. When trying to decide who wins it all, you ask yourself, “Do they have all the right pieces to go all the way and win the national cham…
 
When you look at your finances do you wonder if you are truly prepared for retirement? Unfortunately, just having a 401(k) and collecting Social Security may not cut it for many of us anymore. But is there a key retirement piece you might be overlooking? We’ll address that big question on today’s show by posing — then answering — four other key que…
 
While we may remember 2008 and the damage the market caused to our economy, it’s also hard to remember that bear markets happen more often than we remember, especially after the market went on a remarkable bull run. But the market is beginning to look dubious again and who knows what awaits in 2020 and beyond. Don’t let the whims of the market dict…
 
If you are retiring soon or recently retired, it’s time to shift the fundamental reasoning for how you invest your dollars. It’s normal to have some hesitancy when it comes to transitioning your investments to coincide with this new phase of your life. Up until now, you have been investing for two primary reasons, to save money and to grow money. N…
 
Change can be hard. We all know that. And maybe that’s why we keep making New Year’s resolutions each year, even though many are forgotten before the spring thaw. But what if we made change easier? Well, that’s our goal for today as we go through resolutions that can benefit you in the new year. Resolutions that are approachable, easy to implement,…
 
There’s an often-overlooked but potentially very beneficial type of maneuver for retirement-minded people to consider if they currently have assets in a 401(k), 403(b), IRA, Roth IRA, life insurance policy or annuity contract. It’s called a rollover, and this show provides listeners with different rollover maneuvers that, when performed at the righ…
 
Interest rates are rising, and many expect they’ll continue to do so. Whether that’s a good thing or a bad thing for a person’s retirement finances depends largely on the measures they take proactively to manage interest rate risk and, where possible, to position their assets to capitalize on rising interest rates. This show provides listeners with…
 
Annuities. That insurance offering that actually guarantees income...at a cost. Is it worth the price? It depends: It depends on whether your income sources will provide enough to cover your fixed costs in retirement. It depends on your portfolio’s liquidity, tax profile, and asset mix. It depends on how your retirement portfolio is set up to withs…
 
Who doesn’t want to determine their own financial destiny? Getting to that point can seem like an overwhelming process. But it doesn’t have to be. In today’s show we’ll go through key, practical steps to gaining control of your finances, for today and through your retirement. From understanding your financial situation and establishing a budget to …
 
There’s plenty of noise about retirement’s most misunderstood vehicle. Some good - some bad. But what’s the real deal? Are annuities good for retirement…or not? Today we'll help you learn if they could be a fit for you or not.If you enjoy the podcast, would you please consider leaving a short review on podcasts.apple.com/us/podcast/all-about-annuit…
 
Today’s show is about the biggest threat to your retirement. It’s not inflation. It’s not the stock market. And it’s not the skyrocketing cost of healthcare. It’s living longer. This isn’t someone’s “opinion.” It’s a fact. People are living longer than ever before. And that means you need a strategy to make your money last 25, 30, or even 40 years.…
 
How do you know if your retirement portfolio is really ready for action? Does it have the stamina to last as long as you do? Does it have the diversity and liquidity to withstand taxes? Market volatility? Inflation? What about the income sources to cover health care, let alone your day-to-day expenses? It’s a lot to consider. But so are the ways a …
 
How sturdy is your financial house? Is it built on a solid foundation – the rock? or like the foolish man, is it built upon the sand? Tune in to find out what goes into building your financial house, and more importantly: making sure it stays up!If you enjoy the podcast, would you please consider leaving a short review on https://podcasts.apple.com…
 
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