Unleash the Power of your Time in Retirement

Retirement Revealed

Player FM - Internet Radio Done Right

0-10 subscribers

Dodano three lat temu

Treść dostarczona przez Jeremy Keil. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez Jeremy Keil lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.

Know What You See with Brian Lowery

1
Flight of the Monarchs: Jaime Rojo on Beauty and Conservation 31:01

10 dni temu31:01

Na później

Listy

Polub

Polubione

31:01

National Geographic photographer and conservationist Jaime Rojo has spent decades capturing the beauty and fragility of the monarch butterfly. Their epic migration is one of nature’s most breathtaking spectacles, but their survival is under threat. In this episode, Jaime shares how his passion for photography and conservation led him to document the monarchs’ journey. He and host Brian Lowery discuss the deeper story behind his award-winning images, one about resilience, connection, and the urgent need to protect our natural world. See Jaime's story on the monarch butterflies at his website: rojovisuals.com , and follow Brian Lowery at knowwhatyousee.com .…

rok temu 26:02

MP3•Źródło odcinka

Take advantage of the power of your time in retirement with these mindset re-directs from retirement coach and author David Buck.

233 odcinków

#Trading #Business #Jeremy Keil #Retirement Planning

Unleash the Power of your Time in Retirement

Retirement Revealed

0-10 subscribers

published rok temu

Udostępnij

MP3•Źródło odcinka

Take advantage of the power of your time in retirement with these mindset re-directs from retirement coach and author David Buck.

233 odcinków

#Trading #Business #Jeremy Keil #Retirement Planning

Wszystkie odcinki

1
How Middle-Income Retirees Are Winning at Retirement with Jean Chatzky 28:37

3 dni temu28:37

28:37

Jean Chatzky explores how retirement trends indicate that the middle class is winning at retirement and shares practical tips to prepare for retirement in 2025. We could all use some good news when it comes to retirement, and my guest on this week’s episode of Retirement Revealed brings us exactly that. I sat down with Jean Chatzky, the founder and CEO of HerMoney.com and former columnist and contributor Forbes, Smart Money and the Today Show to discuss real-life retirement journeys, the evolving landscape of retirement savings, and the findings of a recent study from Principal Financial Group. Plus–how is Gen Z teaching a retirement lesson that every generation before them can learn from? Women and Retirement: A Unique Challenge Jean Chatzky has spent her career focusing on financial education, especially for women. As the founder of HerMoney , she has dedicated her efforts to bridging the knowledge gap for women, who often face distinct financial challenges. “Women earn less over their lifetimes, take career breaks to care for family, and then end up living longer than men,” Jean explained. “That means they have to stretch fewer resources over a longer retirement.” She emphasized the importance of creating spaces where women feel comfortable discussing financial matters, whether through her HerMoney podcast, financial wellness programs, or online communities. The State of Retirement Savings: Encouraging News One of the highlights of our conversation was the recent Real Life Retirement Journey study conducted by Principal Financial Group. Unlike the usual gloomy headlines about Americans being unprepared for retirement, the study found that middle-income households—those earning between $50,000 and $100,000 annually—are actually doing quite well. “Nearly 80% of middle-income earners are saving close to 8% of what they earn,” Jean noted. “And that’s before employer matches.” While financial advisors like myself often recommend a 15% savings rate, including employer contributions, the fact that many people are already close to this number is a positive sign. As Jean pointed out, automatic enrollment and contribution escalation in 401(k) plans have played a big role in making savings a more consistent habit for workers. Younger Generations Are Ahead of the Curve Another surprising takeaway from the study was how well Generation Z is doing when it comes to retirement savings. Unlike previous generations, many Gen Z workers are starting to save for retirement a full decade earlier than their parents and grandparents did. “Gen Z is wiping the floor with everyone else when it comes to retirement savings,” Jean said. “They’re taking advantage of tools like automatic enrollment and are much more focused on long-term financial security.” This is a significant shift, as younger generations seem to have learned from the financial mistakes of their predecessors. Seeing their parents struggle with financial uncertainty has likely motivated them to start saving early and take retirement planning seriously. The Fear of Running Out of Money A major concern for retirees is making sure they don’t outlive their savings. Jean and I discussed the psychological shift required when moving from saving for retirement to actually spending those savings. “There’s a fear around taking money out,” Jean explained. “We’ve been conditioned to save, save, save, and then suddenly, in retirement, we’re expected to reverse-engineer the whole process.” Many retirees hesitate to withdraw funds, even when they have more than enough. Jean highlighted research from financial experts David Blanchett and Michael Finke, which found that retirees with a pension—or another guaranteed source of income—tend to spend nearly twice as much as those relying solely on savings. The predictability of a monthly paycheck makes a significant difference in retirees’ willingness to spend. Delaying Social Security: The Best Retirement Decision You Can Make One of the biggest takeaways from our discussion was the importance of waiting to claim Social Security benefits. “Delaying Social Security is one of the smartest financial moves you can make,” Jean said. “For every year you wait beyond full retirement age, your benefit increases by about 8%—and that’s a guaranteed return you won’t find anywhere else.” She also pointed out that many retirees who are unsure about their financial situation could benefit from working a little longer. Whether it’s full-time or part-time work, extending your career by just a few years can provide additional financial security and reduce the number of years you’ll need to rely solely on savings. The Rise of Phased Retirement For those who aren’t ready to stop working completely, phased retirement is becoming an increasingly popular option. Many retirees are choosing to work part-time or pursue passion projects rather than making a sudden transition to full retirement. “Working in some capacity keeps you engaged, helps with financial security, and provides a sense of purpose,” Jean said. “It also allows retirees to delay claiming Social Security, which ultimately increases their benefit.” Final Thoughts Retirement is changing, and the news isn’t all bad. Middle-income earners are saving at higher rates, younger generations are getting a head start, and strategies like delayed Social Security and phased retirement are making retirement more sustainable for many. As Jean put it, “The time to stop working is when you have enough or when you’ve had enough.” If you’re preparing for retirement, the key takeaways are clear: start saving as early as possible, take advantage of employer matches, consider delaying Social Security, and think about phased retirement as an option. With the right planning and mindset, retirement can be everything you envision—and maybe even better. Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes! Subscribe to Retirement Revealed to get new episodes every Wednesday. Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337 Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify Additional Links: LinkedIn – Jean Chatzky HerMoney.com Principal ® Real Life Retirement Survey 2024 New Principal® Survey Finds Middle-Income Households Are Exceeding Their Retirement Savings Expectations Books by Jean Chatzky License to Spend Podcast with David Blanchett “Is Your Retirement Facing a Midlife Crisis? With David Blanchett” Retirement Revealed Podcast Connect With Jeremy Keil: Keil Financial Partners LinkedIn: Jeremy Keil Facebook: Jeremy Keil LinkedIn: Keil Financial Partners YouTube: Retirement Revealed Book an Intro Call with Jeremy’s Team Disclosures: Content Results and figures presented within the above links are hypothetical, unaudited and are intended for illustrative purposes only. Liability Keil Financial Partners assumes no liability or responsibility for any errors, omissions, or other issues with the links and their respective contents. This includes both the website content and any potential bugs, viruses or other technical threats. No Tax Advice Keil Financial Partners does not provide any tax advice. No information or results from the links should be interpreted as tax advice. Please seek guidance from a qualified tax professional for any and all tax-related matters. No Investment Advice The content and information provided through the links should not be interpreted as being investment advice or a recommendation of suitability for any particular security, portfolio of securities, transaction, or investment strategy, or related decision. Please seek assistance from a qualified investment professional for any and all investment matters. Investment Risk Investments may increase or decrease significantly. All investments are subject to risk of loss. General Disclosure Advisory Persons of Thrivent provide advisory services under a “doing business as” name or may have their own legal business entities. However, advisory services are engaged exclusively through Thrivent Advisor Network, LLC, a registered investment adviser. Keil Financial Partners and Thrivent Advisor Network, LLC are not affiliated companies. Please visit our website www.keilfp.com for important disclosures.…

1
Retirement Planning for Police and Fire with Kimberly Stratman 30:01

10 dni temu30:01

30:01

Exploring the unique challenges and needs of first responders in retirement with retirement coach and former police lieutenant Kimberly Stratman. When we need them most, first responders rise to answer the call. But what is waiting for them on the other side of the finish line once their career is over? It’s a unique challenge, and one that deserves special attention. I recently had the privilege of speaking with Kimberly Stratman, a retired police lieutenant with over 30 years of experience, about her insights into this crucial transition. Kimberly’s perspective, as a former officer, and the daughter, sister, mother, and wife of police officers, is truly invaluable. The Realities of First Responder Life (and How it Impacts Retirement) Kimberly’s career with the Dallas Police Department, culminating in 20 years as a lieutenant, gave her a front-row seat to the realities of first responder life. She described the double-edged sword of promotion, how it distanced her from the street patrol work she loved, while simultaneously opening doors to teaching and sharing her knowledge. But beyond the daily grind, Kimberly shed light on the less glamorous aspects of the profession – the paperwork, the emotional toll, and the impact on personal lives. As she aptly put it, “Everything that makes us good to write about and makes for good viewing destroys marriages and careers.” The constant stress, lack of sleep, rotating schedules, and exposure to trauma take a heavy toll, often leading to physical and mental health challenges. And, as Kimberly pointed out, “Up until just recently, we were supposed to handle all of that privately. We weren’t even allowed to acknowledge that we were having any problems, or they would take your badge from you.” The Unique Challenges of First Responder Retirement While anyone can struggle with retirement, first responders face a unique set of challenges. They often retire younger, leaving them with potentially decades of life to navigate. They carry the weight of their experiences, both emotionally and physically. And, as Kimberly emphasized, “First responders tend to drop dead a couple of years after retirement.” This stark reality underscores the importance of proactive planning and self-care. The loss of identity is another significant hurdle. Kimberly shared her own experience of turning in her uniform, a surprisingly emotional moment that symbolized the end of an era. “When I turned my uniform in, it took me three times to… get it all together… And then when I took the last stuff in, I actually cried when I was driving away. It was very hard.” This powerful anecdote highlights the deep connection between identity and career for first responders. Planning for a Successful Transition: More Than Just Finances Kimberly stressed that while financial planning is essential, it’s just one piece of the puzzle. “Our time and our health, I would have to say, is even more important than the money.” She emphasized the need for intentionality, both in career and retirement planning. “If you’re very intentional about it, if you have a plan for it… it’s just like everybody’s worried about the money and that’s important… But our time and our health… is even more important.” She also highlighted the importance of addressing health issues proactively. “Know your numbers, be brutally honest with yourself… if you can’t go out and do normal stuff… start addressing that.” And, perhaps most importantly, she emphasized the crucial role of relationships. “You have to know if your marriage is strong… Work with your relationship with your children… The first responder hasn’t been at any of the events… and so the retiree thinks, when I retire, I’m going to spend all this time with my kids. Well, the kids have moved on.” The Importance of Early Planning and Flexibility Kimberly’s perspective on retirement planning has evolved over time. She now believes that conversations about retirement should begin much earlier in a first responder’s career. “Why live a certain way and accumulate all this damage… and then say, oh, wait a minute, you’re going to retire in a couple of years? Let’s fix it all?” She advocates for building a good life now that will naturally flow into a fulfilling retirement. Flexibility is also key. “You’ve got to be flexible and you really need to know who you are. So when opportunities present themselves, you can take them. So don’t be rigid.” This is especially important for first responders, who are often trained to be highly structured and rule-oriented. Key Steps for a Successful First Responder Retirement Kimberly offered some invaluable advice for those planning their retirement: Financial Planning: Work with a financial advisor to ensure you’re prepared for the financial realities of retirement. Health Assessment: Be honest about your health and address any issues proactively. Relationship Building: Nurture your relationships with your spouse and children. These three areas form the foundation for a fulfilling retirement. As Kimberly eloquently stated, “You triage the situation, triage yourself about your money, your health and your relationships and start working on it.” After a career of service and intense devotion to the community, retirement should be a celebration of a job well done. Don’t resign yourself to a retirement that lacks the motivation or purpose you felt during your career–embrace this new chapter and learn to bring meaning into your retirement. Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes! Subscribe to Retirement Revealed to get new episodes every Wednesday. Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337 Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify Additional Links: Contact Kimberly https://www.hopeplacetx.com/kimberly-stratman To The Point Coaching for First Responder Retirement: https://tothepointcoach.org/ LinkedIn: https://www.linkedin.com/in/kimberly-stratman-9326a9242/ Email: retirestrat6138@gmail.com Connect With Jeremy Keil: Keil Financial Partners LinkedIn: Jeremy Keil Facebook: Jeremy Keil LinkedIn: Keil Financial Partners YouTube: Retirement Revealed Book an Intro Call with Jeremy’s Team Disclosures: Content Results and figures presented within the above links are hypothetical, unaudited and are intended for illustrative purposes only. Liability Keil Financial Partners assumes no liability or responsibility for any errors, omissions, or other issues with the links and their respective contents. This includes both the website content and any potential bugs, viruses or other technical threats. No Tax Advice Keil Financial Partners does not provide any tax advice. No information or results from the links should be interpreted as tax advice. Please seek guidance from a qualified tax professional for any and all tax-related matters. No Investment Advice The content and information provided through the links should not be interpreted as being investment advice or a recommendation of suitability for any particular security, portfolio of securities, transaction, or investment strategy, or related decision. Please seek assistance from a qualified investment professional for any and all investment matters. Investment Risk Investments may increase or decrease significantly. All investments are subject to risk of loss. General Disclosure Advisory Persons of Thrivent provide advisory services under a “doing business as” name or may have their own legal business entities. However, advisory services are engaged exclusively through Thrivent Advisor Network, LLC, a registered investment adviser. Keil Financial Partners and Thrivent Advisor Network, LLC are not affiliated companies. Please visit our website www.keilfp.com for important disclosures.…

1
The Wisdom of Regret with Lori Emerick 31:27

17 dni temu31:27

31:27

Learn how to turn regrets into motivation to build a better retirement with guest Lori Emerick of Aspen Group Consulting. Wouldn’t it be nice to live life without regret? Some say they’ve achieved it, but my guest on this week’s episode of “Retirement Revealed” explains how you can use your regrets to develop a more meaningful course of action as you prepare for retirement. Lori Emerick of Aspen Group Consulting, specializes in leadership coaching and retirement lifestyle design. Her work in understanding how to leave a legacy and use regret as fuel is worth your exploration, so stick around and learn how to apply this to your retirement! Understanding the “Lifequake” – It’s More Common Than You Think Many life transitions, including retirement, can trigger what’s known as a “lifequake.” As Lori explained, borrowing from Robert Fowler’s work, this describes a period when multiple significant life events converge, often leading to feelings of instability and uncertainty. These events can include leaving a long-term career, becoming an empty nester, dealing with the health challenges of loved ones – sound familiar? It’s important to recognize that these feelings are normal, shared by many, and a natural part of major life changes. Understanding this is the first step toward navigating them. The Power of Regret – A Surprising Ally Regret often carries a negative connotation. We tend to see it as something to avoid. But as Lori and I discussed, regret can be a powerful catalyst for self-discovery. It can shine a light on what truly matters to us and illuminate the paths we wish we had taken. Instead of dwelling on the past, we can use regret as a guide for shaping our future. By examining our regrets, we can identify our core values and make conscious choices that align with them. It’s about turning a potentially negative emotion into a positive force for change. Reframing Regret for Your Retirement Retirement offers a unique opportunity to address past regrets and create a new chapter filled with purpose and joy. It’s a chance to ask yourself some tough questions: “What do I want my legacy to be?” and “What concrete steps can I take now to create the retirement I truly desire?” This might involve pursuing long-held passions, strengthening relationships, or contributing to our communities. It’s about redefining what retirement means to you personally. Practicing Retirement One of the most effective ways to avoid future regrets is to “practice” retirement before it officially begins. This is something I strongly encourage all my clients to do. It involves gradually incorporating activities and interests that bring you joy and fulfillment into your current life. It could be as simple as taking a long weekend to explore a new hobby, joining a local club related to a passion, or even volunteering. Think of it as a trial run for your ideal retirement lifestyle. Creating a “Curiosity List” – Ditch the Bucket List Pressure A “curiosity list” differs from a traditional “bucket list” in its approach. As Lori pointed out, instead of focusing on grand, long-term goals, a curiosity list is a collection of smaller, more accessible activities that pique your interest. It’s a place to jot down anything that sparks your curiosity, without any pressure or commitment. This allows you to explore different avenues and discover new passions without feeling overwhelmed. It’s a low-pressure way to discover what you truly enjoy. Three Steps to Turn Regret into Action – Practical Advice You Can Use Lori outlined three key steps for transforming regret into positive action, which I found particularly helpful: Reflect with Compassion: This involves honestly assessing your past experiences, both positive and negative, without judgment . It’s about understanding the reasons behind your choices and treating yourself with kindness and understanding. This is crucial. Identify Themes and Patterns: Once you’ve reflected on your experiences, begin to identify recurring themes and patterns. This helps you understand the underlying values that are driving your regrets and what truly matters to you at your core. Set Intentions and Take Action: The final step is to translate your reflections and insights into concrete actions. This involves setting clear intentions for the future and creating a plan to achieve them. Finding an accountability partner can be invaluable in this process. As we often hear from the guests on “Retirement Revealed,” retirement is not an end, but a new beginning. By acknowledging and addressing our regrets, we can create a retirement that is not only fulfilling but also deeply meaningful. It’s an opportunity to live with intention, pursue our passions, and create a legacy we are proud of. Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes! Subscribe to Retirement Revealed to get new episodes every Wednesday. Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337 Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify Additional Links: Aspen Group Consulting Contact Lori Emerick: lori.emerick@aspengroupconsulting.com Lori Emerick on LinkedIn PERMA Model – PositivePsychology.com Connect With Jeremy Keil: Keil Financial Partners LinkedIn: Jeremy Keil Facebook: Jeremy Keil LinkedIn: Keil Financial Partners YouTube: Retirement Revealed Book an Intro Call with Jeremy’s Team Disclosures: Content Results and figures presented within the above links are hypothetical, unaudited and are intended for illustrative purposes only. Liability Keil Financial Partners assumes no liability or responsibility for any errors, omissions, or other issues with the links and their respective contents. This includes both the website content and any potential bugs, viruses or other technical threats. No Tax Advice Keil Financial Partners does not provide any tax advice. No information or results from the links should be interpreted as tax advice. Please seek guidance from a qualified tax professional for any and all tax-related matters. No Investment Advice The content and information provided through the links should not be interpreted as being investment advice or a recommendation of suitability for any particular security, portfolio of securities, transaction, or investment strategy, or related decision. Please seek assistance from a qualified investment professional for any and all investment matters. Investment Risk Investments may increase or decrease significantly. All investments are subject to risk of loss. General Disclosure Advisory Persons of Thrivent provide advisory services under a “doing business as” name or may have their own legal business entities. However, advisory services are engaged exclusively through Thrivent Advisor Network, LLC, a registered investment adviser. Keil Financial Partners and Thrivent Advisor Network, LLC are not affiliated companies. Please visit our website www.keilfp.com for important disclosures.…

1
Retirement Life After Public Service – Dream or Nightmare!?! 29:27

24 dni temu29:27

29:27

Learn how to find meaning and purpose in retirement after a life in public service with retired librarian and current retirement coach Susan Hawk Schneider. For most, retirement is a release from the necessity of a job that paid your way through the life you and your family desired. For people who dedicated their working lives to jobs in public service, retirement can be a little more complicated. On this episode of Retirement Revealed , I had the pleasure of speaking with Susan Schneider, who dedicated 41 years to public service at the Department of Health and Human Services. Susan’s experience ranged from being a medical librarian at the National Library of Medicine to working in organizational development and coaching. Like many others retiring from civic roles, her journey to retirement brought unexpected twists. Reflecting on her transition, Susan shared, “I thought coaching would be easier than it actually was for me,” highlighting the challenges she encountered while pursuing new passions. Her story underscores the importance of preparation and flexibility when moving into retirement. Envisioning Retirement and Reality While still working, Susan had a vision for her retirement: coaching new supervisors in the federal system and conducting workshops. However, as she noted, “Some things came about through serendipity.” One unexpected opportunity was joining the Retirement Coaches Association, which connected her with like-minded individuals, including myself. Beyond coaching, Susan recognized the importance of maintaining social connections, an essential factor for well-being in retirement. She consciously built new social networks through art classes, where she developed a love for collage and multimedia art. The Power of Collage in Retirement Coaching Susan’s artistic pursuits led her to discover Andrea Watts of “Unglued You,” who uses collage as a creative coaching technique. Susan found this approach incredibly meaningful, saying, “Images are so powerful—they help envision life after retirement in ways words alone cannot.” The process involves selecting images from various magazines, assembling them into a collage, and interpreting the themes that emerge. This exercise taps into the subconscious and helps retirees visualize their post-work life creatively. Practical Tips for a Fulfilling Retirement Here are some takeaways from Susan’s journey: Pursue New Passions: Retirement is the perfect time to explore interests you may have put aside during your working years. Build Social Networks: Consciously develop connections outside of your former workplace to maintain a sense of community. Use Creative Tools: Techniques like collage can help visualize and plan your retirement life in meaningful ways. Seek Professional Guidance: Collaborating with a financial planner and a retirement coach can help balance the practical and visionary aspects of retirement. Susan’s journey reminds us that retirement is not just about financial planning—it’s about envisioning a fulfilling and meaningful life. Whether it’s through art, coaching, or building new social connections, there’s no “one-size-fits-all” approach. What matters is finding joy and purpose in this new chapter. If you’re curious about discovering what your retirement could look like, perhaps it’s time to start ripping pages from magazines and let your imagination guide you! Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes! Subscribe to Retirement Revealed to get new episodes every Wednesday. Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337 Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify Additional Links: LinkedIn – Susan Schneider Anhinga Coaching – Susan Hawk Schneider UnglueYou.com – Andrea Watts Collage as a Creative Coaching Tool – by Andrea Watts Connect With Jeremy Keil: Keil Financial Partners LinkedIn: Jeremy Keil Facebook: Jeremy Keil LinkedIn: Keil Financial Partners YouTube: Retirement Revealed Book an Intro Call with Jeremy’s Team Disclosures: Content Results and figures presented within the above links are hypothetical, unaudited and are intended for illustrative purposes only. Liability Keil Financial Partners assumes no liability or responsibility for any errors, omissions, or other issues with the links and their respective contents. This includes both the website content and any potential bugs, viruses or other technical threats. No Tax Advice Keil Financial Partners does not provide any tax advice. No information or results from the links should be interpreted as tax advice. Please seek guidance from a qualified tax professional for any and all tax-related matters. No Investment Advice The content and information provided through the links should not be interpreted as being investment advice or a recommendation of suitability for any particular security, portfolio of securities, transaction, or investment strategy, or related decision. Please seek assistance from a qualified investment professional for any and all investment matters. Investment Risk Investments may increase or decrease significantly. All investments are subject to risk of loss. General Disclosure Advisory Persons of Thrivent provide advisory services under a “doing business as” name or may have their own legal business entities. However, advisory services are engaged exclusively through Thrivent Advisor Network, LLC, a registered investment adviser. Keil Financial Partners and Thrivent Advisor Network, LLC are not affiliated companies. Please visit our website www.keilfp.com for important disclosures.…

1
The Hidden Risks and Rewards of Retirement with Karen Carr 24:13

4 weeks temu24:13

24:13

Discover the power of viewing retirement as a rebirth instead of an ending with retirement coach Karen Carr. When we hear the word “retirement,” many of us imagine a full stop—a conclusion to the long career we’ve built. However, if we shift our perspective, retirement can represent something far more inspiring: a new beginning . In this week’s episode of the “Retirement Revealed” podcast, I had the privilege of sitting down with Karen Carr, a retirement coach who turned a traumatic experience into a purpose-driven mission to help others navigate their own transformations. Her story is nothing short of remarkable and serves as a powerful reminder of what retirement can truly mean. From Tragedy to Transformation Karen’s journey begins at a critical juncture in her life. She was on the verge of significant personal and professional growth—preparing to embrace her role as a life coach while transitioning into empty-nester life. However, a devastating car accident in the middle of a blizzard derailed her plans. Trapped in her vehicle, Karen experienced an explosion of emotions, from shock to profound relief that she had survived. This life-altering moment served as a wake-up call, forcing her to reassess her priorities and rediscover what truly mattered to her. Although the physical recovery was grueling, involving broken ribs and limited mobility, Karen refused to let it define her. Instead of resigning to a conventional medical route, she sought holistic therapies that not only helped her heal but reignited her appreciation for life. The “Jubilation” Years Karen pointed out something really clever that stood out to me: the Spanish word for retirement is actually “jubilación.” It evokes a sense of celebration, of joy, a jubilee! This isn’t about fading away; it’s about embracing a new phase of life with enthusiasm. Think about it: for many of us, retirement is the first time we truly have the freedom to choose how we spend our time. No more alarm clocks, no more commutes, no more bosses (well, maybe except for your spouse, haha!). It’s a chance to rediscover passions, explore new interests, and deepen relationships. The Hidden Risks of Retirement Karen’s perspective aligns closely with my approach to retirement planning. I often emphasize the importance of making sound financial decisions during this time, as one wrong move could cost you hundreds of thousands of dollars. But Karen sheds light on an equally critical aspect: the psychological and emotional challenges that arise during this transition. Studies show that the first year of retirement is rivaled only by the first year of life in terms of vulnerability. Mortality rates spike unexpectedly, likely due to the loss of routine, identity, and purpose that many experience when they leave the workforce. Karen’s work focuses on helping people reimagine this phase as a “rebirth” rather than an end—an opportunity to create a fulfilling new chapter. Maintaining a Hopeful Lens for Retirement The freedom of retirement seems like a massive reward for many when they think about reaching the end of their career. For others, however, the freedom to explore passions and interests they never had time for during their working years can be overwhelming to the point of dread. Karen shared a story about a client who spent the entire year before retirement working through an exercise we designed together. The result? They entered retirement with clarity and confidence, ready to embrace their “rebirth” with open arms. She emphasized the importance of making intentional choices and seeing retirement not as a finish line, but as a blank canvas. Whether it’s pursuing creative endeavors, volunteering, or finally traveling to those dream destinations, the key is to align your actions with your values and passions. A New Perspective As Karen so beautifully put it, her accident was a turning point that divided her life into “before and after.” For many retirees, the moment they leave their careers can feel similarly momentous. By reframing this transition as an opportunity for growth and renewal, we can help ensure that the years ahead are not just lived, but truly embraced. Make sure to listen to the whole episode and be inspired to embrace your “jubilación”! Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes! Subscribe to Retirement Revealed to get new episodes every Wednesday. Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337 Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify Additional Links: Revitalize Retirement Coaching – Karen Carr Facebook – Revitalize Retirement Coaching Contact Karen Carr: 651.426.5123 karen@revitalizeretirement.com Connect With Jeremy Keil: Keil Financial Partners LinkedIn: Jeremy Keil Facebook: Jeremy Keil LinkedIn: Keil Financial Partners YouTube: Retirement Revealed Book an Intro Call with Jeremy’s Team Disclosures: Content Results and figures presented within the above links are hypothetical, unaudited and are intended for illustrative purposes only. Liability Keil Financial Partners assumes no liability or responsibility for any errors, omissions, or other issues with the links and their respective contents. This includes both the website content and any potential bugs, viruses or other technical threats. No Tax Advice Keil Financial Partners does not provide any tax advice. No information or results from the links should be interpreted as tax advice. Please seek guidance from a qualified tax professional for any and all tax-related matters. No Investment Advice The content and information provided through the links should not be interpreted as being investment advice or a recommendation of suitability for any particular security, portfolio of securities, transaction, or investment strategy, or related decision. Please seek assistance from a qualified investment professional for any and all investment matters. Investment Risk Investments may increase or decrease significantly. All investments are subject to risk of loss. General Disclosure Advisory Persons of Thrivent provide advisory services under a “doing business as” name or may have their own legal business entities. However, advisory services are engaged exclusively through Thrivent Advisor Network, LLC, a registered investment adviser. Keil Financial Partners and Thrivent Advisor Network, LLC are not affiliated companies. Please visit our website www.keilfp.com for important disclosures.…

1
Investing in 2025: Sensible Market Strategies with Joseph Hogue 30:46

5 weeks temu30:46

30:46

Discussing the hot button investing topics of 2025 with “Let’s Talk Money!” advisor Joseph Hogue. As a financial advisor, I often encounter questions that range from timing the stock market to whether retirees should invest in cryptocurrencies. There is a lot of confusing information available to anyone interested in exploring the multitude of investing options available in today’s market–so how do you know what is right for you? I sat down with Joseph Hogue, host of the popular YouTube channel “ Let’s Talk Money! ” to discuss a wide variety of common questions and potential pitfalls that trip up unsuspecting investors every day. If you have felt overwhelmed–or overly confident–about throwing your money into cryptocurrency or other emerging investment opportunities as a part of your retirement plan, this episode is for YOU! Dividends and Stability in Uncertain Markets Joseph kicked off the discussion by highlighting the value of dividends during market downturns. He emphasized that dividends provide not only financial stability but also a psychological boost for investors. “When the market drops,” Joseph noted, “having cash flow from dividends can help you stay motivated and even take advantage of new opportunities.” This aligns with my own philosophy: dividends are a reliable source of income that can sustain your portfolio through volatile times. For retirees, in particular, the steady stream of income from dividends can serve as a buffer against market unpredictability. Cryptocurrency: A Cautious Perspective The conversation then shifted to the hot topic of cryptocurrency. Joseph admitted that while crypto has generated a lot of excitement, it’s not an area he actively invests in. He explained that his initial enthusiasm for blockchain and Web3 technologies waned when practical use cases failed to materialize. “If Bitcoin is only a store of value,” Joseph said, “it’s not as compelling to me compared to stocks of companies generating profits and growing revenues.” He also discussed the difficulty of valuing cryptocurrencies, which often rely on network effect models like Metcalfe’s Law. This makes crypto investments inherently speculative, a point Joseph was keen to stress. While he didn’t dismiss crypto entirely, he recommended that investors limit their exposure—advice I wholeheartedly agree with. If you’re considering crypto, keep it to no more than 5-10% of your portfolio and do your homework. Avoiding the Hindsight Trap Joseph also warned against the allure of hindsight-driven regret. Too often, investors fixate on past success stories—whether it’s Bitcoin, Tesla, or Nvidia—and feel compelled to chase the next big thing. “People see these examples and think, ‘If only I had invested back then, I’d be a millionaire.’ But they don’t consider the risks,” he explained. This tendency can lead to over-concentration in one asset, a risky move that frequently results in significant losses. Joseph’s advice? Diversify. Limit your exposure to any single investment and avoid putting all your eggs in one basket. This strategy may temper your potential gains, but it also safeguards your financial future. Lessons from Renaissance Technologies One of the most compelling parts of our discussion was Joseph’s mention of Renaissance Technologies, a highly successful hedge fund. Renaissance’s focus is not on maximizing gains but on minimizing risk. “They don’t ask, ‘How much did you make today?'” Joseph shared. “Instead, they ask, ‘How much do you have at risk?'” This risk-aware mindset is something every investor can learn from. Diversification, risk management, and a focus on the long-term are key principles that can help you navigate volatile markets while preserving your wealth. Market Timing: A Futile Endeavor? We closed the conversation with a discussion about market timing—an idea Joseph and I both approach with skepticism. He emphasized that timing the market is nearly impossible on a daily, monthly, or even annual basis. Instead, he focuses on macro trends and sector-level investments, staying the course for several years at a time. “Rather than trying to predict daily market movements,” Joseph advised, “identify major economic themes and stick with them.” This resonates deeply with my own experience. Predicting short-term market movements is not only challenging but often counterproductive. By focusing on long-term trends and maintaining a diversified portfolio, you can position yourself for sustainable success. Next Steps Joseph Hogue’s insights underscore the importance of a disciplined, risk-aware approach to investing. Whether it’s leveraging dividends, being cautious with cryptocurrencies, or avoiding the pitfalls of market timing, his advice serves as a valuable guide for retirees and long-term investors alike. Investing in retirement is a journey that is made easier with someone walking alongside you. If you’re ready to figure out what investments make sense for the retirement you want to build, reach out using the links below! Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes! Subscribe to Retirement Revealed to get new episodes every Wednesday. Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337 Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify Additional Links: Let’s Talk Money! – Joseph Hogue on YouTube Let’s Talk Money Newsletter Die with Zero Book Review – Mr. Retirement YouTube LinkedIn – Joseph Hogue Connect With Jeremy Keil: Keil Financial Partners LinkedIn: Jeremy Keil Facebook: Jeremy Keil LinkedIn: Keil Financial Partners YouTube: Retirement Revealed Book an Intro Call with Jeremy’s Team Disclosures: Content Results and figures presented within the above links are hypothetical, unaudited and are intended for illustrative purposes only. Liability Keil Financial Partners assumes no liability or responsibility for any errors, omissions, or other issues with the links and their respective contents. This includes both the website content and any potential bugs, viruses or other technical threats. No Tax Advice Keil Financial Partners does not provide any tax advice. No information or results from the links should be interpreted as tax advice. Please seek guidance from a qualified tax professional for any and all tax-related matters. No Investment Advice The content and information provided through the links should not be interpreted as being investment advice or a recommendation of suitability for any particular security, portfolio of securities, transaction, or investment strategy, or related decision. Please seek assistance from a qualified investment professional for any and all investment matters. Investment Risk Investments may increase or decrease significantly. All investments are subject to risk of loss. General Disclosure Advisory Persons of Thrivent provide advisory services under a “doing business as” name or may have their own legal business entities. However, advisory services are engaged exclusively through Thrivent Advisor Network, LLC, a registered investment adviser. Keil Financial Partners and Thrivent Advisor Network, LLC are not affiliated companies. Please visit our website www.keilfp.com for important disclosures.…

1
Curing Retirement Loneliness: How to Stay Connected and Thrive 35:57

6 weeks temu35:57

35:57

Unlocking the power of relationships to enrich your retirement and reap the health & wealth benefits of social fitness with Susan Hogan. Everyone will enter their retirement years thinking about health and fitness to some extent. Susan Hogan believes that putting a concerted effort into your social wellbeing will have a ripple effect on your quality of life that is unmatched by any diet or exercise can bring you. In this episode of “Retirement Revealed” Susan sits down with me to explain why relationships matter more than you think when it comes to retirement satisfaction. The Loneliness Epidemic Loneliness is an issue that many retirees face, often without realizing it. As Susan described, the natural course of life means our social circles can shrink over time. Friends move away, grow ill, or become less socially active. Without deliberate effort, you might find yourself increasingly isolated. This is why planning for social connections should be part of your retirement strategy. It’s not just about ensuring you’re financially secure; it’s about safeguarding your emotional and social health. There’s no “friendship 401(k)” to draw from when you retire. Building and maintaining relationships requires consistent effort. Why Friendships Matter in Retirement Retirement is a significant life transition—a shift from decades of routine and purpose to a blank slate of possibilities. Many people focus intently on building their financial security, which is essential. But as Susan pointed out, retirement’s emotional aspects can be even more challenging. Without a plan for how to spend your time, nurture your health, and maintain social connections, it’s easy to feel lost and isolated. We’ve all heard the phrase “running out of money is scary.” But Susan argues that running out of health, friends, and purpose can be far worse . Studies show that social connections are critical to our well-being. They not only make us happier but can also increase our longevity. In fact, the benefits of staying socially connected rival those of quitting smoking or exercising regularly. Finding Purpose Through Connections Purpose and social connections are deeply intertwined. Many people think of retirement as a time to discover their purpose. But as Susan explained, having strong social ties can actually help you uncover that purpose. When we interact with others, we find new passions, opportunities, and motivations. Conversely, social isolation can create a negative cycle. Without purpose, you might feel less inclined to engage socially. And without social engagement, it’s harder to find meaning and fulfillment. Breaking this cycle often starts with taking small steps to connect with others. The “Evergreen Friendship Engine” One of Susan’s tools for fostering social connections is the “Evergreen Friendship Engine.” It’s a simple framework designed to help you build and maintain relationships at every stage of life. Here are a few strategies: Audit Your Friendships: Make a list of your current friends. Who do you want to reconnect with? Are there areas of your life where you’d like to make new friends—at the gym, church, or hobby groups? Engage at All Levels: Friendships exist on a spectrum, from strangers to best friends. Building connections at every level—even casual chats with strangers—strengthens your social muscles. Take Small Steps: Social fitness is like physical fitness; it requires regular practice. Whether it’s complimenting a stranger, striking up a conversation, or sending a text to an old friend, small efforts add up. Practical Tips for Staying Connected Susan shared some practical advice for maintaining and expanding your social network: Start a Conversation: Whether it’s with the cashier at the grocery store or someone new at your local pickleball court, a simple “hello” can go a long way. Reconnect with Old Friends: Send a text or make a call to someone you haven’t spoken to in years. Let them know you’re thinking about them. Combine Health and Socializing: Go for a walk with a friend. This combines physical fitness, mental well-being, and social connection all in one activity. Volunteer or Join Groups: Whether it’s through a hobby, church, or community organization, getting involved is a great way to meet like-minded people. Embrace the Opportunity for Self-Discovery Retirement is a time to be selfish in the best possible way. For years, your life revolved around work, family, and obligations. Now, it’s your turn to focus on what truly matters to you. Ask yourself: What do I want to do for me? What will bring me joy and fulfillment? By fostering friendships, you’re not only enriching your life but also creating a support system to help you navigate the challenges and joys of retirement. Remember, change is hard for everyone, but when you’re in the driver’s seat, you have the power to shape your future. As Susan emphasized, retirement is about more than just financial planning; it’s about creating a life that’s rich in purpose, health, and connection. If you’re feeling unsure about your social fitness or how to navigate this next chapter, take heart. Start small, be intentional, and know that every effort you make to connect with others is an investment in your happiness and longevity. Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes! Subscribe to Retirement Revealed to get new episodes every Wednesday. Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337 Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify Additional Links: LinkedIn – Susan Hogan www.inspiredretirement.ca Instagram – Susan Hogan Connect With Jeremy Keil: Keil Financial Partners LinkedIn: Jeremy Keil Facebook: Jeremy Keil LinkedIn: Keil Financial Partners YouTube: Retirement Revealed Book an Intro Call with Jeremy’s Team Disclosures: Content Results and figures presented within the above links are hypothetical, unaudited and are intended for illustrative purposes only. Liability Keil Financial Partners assumes no liability or responsibility for any errors, omissions, or other issues with the links and their respective contents. This includes both the website content and any potential bugs, viruses or other technical threats. No Tax Advice Keil Financial Partners does not provide any tax advice. No information or results from the links should be interpreted as tax advice. Please seek guidance from a qualified tax professional for any and all tax-related matters. No Investment Advice The content and information provided through the links should not be interpreted as being investment advice or a recommendation of suitability for any particular security, portfolio of securities, transaction, or investment strategy, or related decision. Please seek assistance from a qualified investment professional for any and all investment matters. Investment Risk Investments may increase or decrease significantly. All investments are subject to risk of loss. General Disclosure Advisory Persons of Thrivent provide advisory services under a “doing business as” name or may have their own legal business entities. However, advisory services are engaged exclusively through Thrivent Advisor Network, LLC, a registered investment adviser. Keil Financial Partners and Thrivent Advisor Network, LLC are not affiliated companies. Please visit our website www.keilfp.com for important disclosures.…

1
Finding Freedom: A Childfree Approach to Wealth and Retirement 32:47

7 weeks temu32:47

32:47

Author and CEO of Childfree Wealth ® Dr. Jay Zigmont explains the unique financial planning needs and strategies used in childfree wealth management. 75% of people are likely to pursue the typical American trajectory of financial planning: save for retirement, retire, leave wealth for the next generation. But what do you do if you’re a part of the 25% who is childfree? In this episode of Retirement Revealed, I had the pleasure of speaking with Dr. Jay Zigmont, a financial advisor specializing in working with childfree individuals. Dr. Jay explains how the childfree experience challenges–and opportunities–that traditional financial planning doesn’t naturally account for. The Childfree Paradigm Shift One of the key takeaways from our conversation is the importance of shifting the focus from traditional retirement goals (e.g., saving for children’s college, leaving a large inheritance) to a more personalized approach. Childfree individuals often prioritize experiences, travel, and pursuing passions. Dr. Jay coined the term “financial means live early” (FILE), which emphasizes a lifestyle that allows individuals to pursue their passions and enjoy life earlier in their careers, rather than solely focusing on delaying gratification for a distant retirement. Redefining Retirement For many childfree individuals, the traditional concept of retirement – complete cessation of work – may not be the ideal goal. Instead, they may envision a gradual transition to part-time work, pursuing entrepreneurial ventures, or dedicating themselves to volunteer work and personal passions. The Importance of Life Planning Dr. Jay stresses the importance of life planning before financial planning. Childfree individuals need to define their values, identify their passions, and envision their ideal lifestyle before developing a financial plan to support those aspirations. Key Considerations for Childfree Individuals: Estate Planning: Focus on charitable giving, supporting causes that align with their values, or leaving bequests to friends, family members, or organizations that hold personal significance. Long-Term Care Planning: Given the absence of potential family caregivers, comprehensive long-term care planning is crucial. This may include purchasing long-term care insurance, exploring alternative living options, and developing a plan for in-home care. Debt Management: Prioritize paying down debt to reduce financial stress and increase financial flexibility. Investing for Experiences: Allocate resources towards travel, hobbies, and other enriching experiences that enhance their quality of life. Giving Back: Explore philanthropic opportunities that align with their values and make a meaningful impact on the world. A Relatable Journey After making a fortuitous and wise decision with his early career, Dr. Jay found himself earning his first million dollars by the age of 21. What happened next? He spent it! Though he doesn’t carry regrets about the way he used that money, it served as a wakeup call that he had a lot to learn about handling finances as an adult. Dr. Jay has since turned that experience into motivation to become a certified financial planner and help people who have chosen a childfree life. As 25% of adults are and will be living their life childfree, Dr. Jay’s work is filling a gap in the financial information industry. If you or someone you care about is walking down this path, be sure to order “ The Childfree Guide to Life and Money ” today! Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes! Subscribe to Retirement Revealed to get new episodes every Wednesday. Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337 Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify Additional Links: “ The Childfree Guide to Life and Money ” – Dr. Jay Zigmont “ Portraits of Childfree Wealth ” – Dr. Jay Zigmont Childfreewealth.com LinkedIn – Dr. Jay Zigmont Connect With Jeremy Keil: Keil Financial Partners LinkedIn: Jeremy Keil Facebook: Jeremy Keil LinkedIn: Keil Financial Partners YouTube: Retirement Revealed Book an Intro Call with Jeremy’s Team Disclosures: Content Results and figures presented within the above links are hypothetical, unaudited and are intended for illustrative purposes only. Liability Keil Financial Partners assumes no liability or responsibility for any errors, omissions, or other issues with the links and their respective contents. This includes both the website content and any potential bugs, viruses or other technical threats. No Tax Advice Keil Financial Partners does not provide any tax advice. No information or results from the links should be interpreted as tax advice. Please seek guidance from a qualified tax professional for any and all tax-related matters. No Investment Advice The content and information provided through the links should not be interpreted as being investment advice or a recommendation of suitability for any particular security, portfolio of securities, transaction, or investment strategy, or related decision. Please seek assistance from a qualified investment professional for any and all investment matters. Investment Risk Investments may increase or decrease significantly. All investments are subject to risk of loss. General Disclosure Advisory Persons of Thrivent provide advisory services under a “doing business as” name or may have their own legal business entities. However, advisory services are engaged exclusively through Thrivent Advisor Network, LLC, a registered investment adviser. Keil Financial Partners and Thrivent Advisor Network, LLC are not affiliated companies. Please visit our website www.keilfp.com for important disclosures.…

1
Don’t Find Your Purpose–Create It! 33:16

8 weeks temu33:16

33:16

Author and podcaster Dr. Jordan Grumet explores how to create your purpose instead of waiting for it to find you. You’ve heard plenty of people wax poetic about seeking their purpose, but my guest on this week’s episode of Retirement Revealed suggests a different approach. With his new book “ The Purpose Code ” set to release, Dr. Jordan Grumet (Doc G) explains the difference between your “Purpose” and your “purpose” and why you don’t need to find them in order to have them. The Myth of “Finding” Your Purpose Many of us spend our lives searching for that elusive “one true purpose.” We believe there’s some grand, pre-ordained destiny waiting to be discovered. But Doc G challenges this notion. He emphasizes that purpose is an active process, not a passive discovery. It’s about intentionally shaping your life around activities that bring you joy and fulfillment. Little “p” Purpose vs. Big “P” Purpose In “The Purpose Code”, Doc G breaks down the idea of purpose into two separate categories: Big “P” Purpose: This is the audacious, goal-oriented kind. Think becoming a billionaire, curing cancer, or conquering Mount Everest. While these goals can be inspiring, they often come with immense pressure and the risk of disappointment if they aren’t achieved. Little “p” Purpose: This is about finding joy in the process itself. It’s about identifying activities you genuinely enjoy, regardless of the outcome. It’s about savoring the journey, not just the destination. Doc G argues that focusing on little “p” purpose leads to greater happiness, fulfillment, and a more meaningful life. It’s about finding joy in the everyday – in the act of creating, learning, and connecting with others. The Power of Life Review Doc G utilizes a very interesting exercise geared towards reflecting on the efficacy of your life: the life review. By reflecting on past experiences – both triumphs and disappointments – we can gain valuable insights into what truly matters to us. Asking ourselves questions like “What were my biggest achievements?” and “What are my biggest regrets?” can help us identify our core values and passions. Generational Growth One of the most profound concepts Doc G discussed is the idea of “generational growth.” Just as trauma can be passed down through generations, so too can positive behaviors and a sense of purpose. When we live a life of purpose, we not only impact our own lives but also inspire those around us. Our children, our friends, and even strangers can be positively influenced by our example. My Own Journey with “purpose” Talking with Doc G, I spent some time reflecting on how to apply these principles of Purpose/purpose to my own story. I became interested in finance at a relatively young age after a mundane interaction with a bank teller at the age of 12. This seemingly insignificant encounter sparked a curiosity that ultimately led me to a career in financial advising. The Importance of Intentionality Doc G emphasizes the importance of intentionality. It’s not enough to simply wait for purpose to find us. We must actively seek out experiences, explore our interests, and cultivate meaningful connections. By embracing a life of little “p” purpose, we not only find fulfillment for ourselves but also contribute to a ripple effect of positive change in the world. This conversation with Dr. Jordan Grumet was a profound reminder that purpose is not a destination but a journey. It’s about embracing the present moment, finding joy in the process, and creating a life that is both meaningful and fulfilling. We all want to live a meaningful life regardless of what stage we’re in, but if we want to build a lasting legacy, Doc G reminds us that how we enjoy our day-to-day mission will likely make a bigger impact than the work we actually do with our time. Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes! Subscribe to Retirement Revealed to get new episodes every Wednesday. Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337 Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify Additional Links: “ The Purpose Code ” – Dr. Jordan Grumet “ Taking Stock ” – Dr. Jordan Grumet Earn & Invest Podcast – Dr. Jordan Grumet Coaching The Earn & Invest Podcast – YouTube LinkedIn – Dr. Jordan Grumet Connect With Jeremy Keil: Keil Financial Partners LinkedIn: Jeremy Keil Facebook: Jeremy Keil LinkedIn: Keil Financial Partners YouTube: Retirement Revealed Book an Intro Call with Jeremy’s Team Disclosures: Content Results and figures presented within the above links are hypothetical, unaudited and are intended for illustrative purposes only. Liability Keil Financial Partners assumes no liability or responsibility for any errors, omissions, or other issues with the links and their respective contents. This includes both the website content and any potential bugs, viruses or other technical threats. No Tax Advice Keil Financial Partners does not provide any tax advice. No information or results from the links should be interpreted as tax advice. Please seek guidance from a qualified tax professional for any and all tax-related matters. No Investment Advice The content and information provided through the links should not be interpreted as being investment advice or a recommendation of suitability for any particular security, portfolio of securities, transaction, or investment strategy, or related decision. Please seek assistance from a qualified investment professional for any and all investment matters. Investment Risk Investments may increase or decrease significantly. All investments are subject to risk of loss. General Disclosure Advisory Persons of Thrivent provide advisory services under a “doing business as” name or may have their own legal business entities. However, advisory services are engaged exclusively through Thrivent Advisor Network, LLC, a registered investment adviser. Keil Financial Partners and Thrivent Advisor Network, LLC are not affiliated companies. Please visit our website www.keilfp.com for important disclosures.…

1
How to NOT Ruin Your Kids with Money 39:37

9 weeks temu39:37

39:37

Author and estate planning expert Mark Shiller shares how to leave wealth to your kids and prepare them for success Is there a sweet spot in leaving wealth to the next generation? In this week’s episode of Retirement Revealed I had the pleasure of speaking with Mark Shiller, a lawyer, author and estate planning expert with nearly 30 years of experience. Let’s dive into some of the key takeaways and strategies Mark shared and how you can utilize them to leave a legacy you can be proud of. What’s the Real Goal of an Estate Plan? When most people think about estate planning, their minds immediately jump to documents: wills, trusts, and so on. But as Mark emphasized, estate planning isn’t just about signing paperwork. It’s about the legacy you’re leaving and the impact your wealth will have on your children, grandchildren, and beyond. Mark shared a profound metaphor from his book: “The purpose of apple trees isn’t just to make apples; it’s to grow more apple trees.” In the same way, your goal as a parent or grandparent isn’t merely to provide money but to nurture strong, independent individuals who can carry forward your values and create their own legacies. Avoiding the Danger Zone One of the standout moments in our discussion was Mark’s concept of the “danger zone.” This refers to a critical period in a person’s life, often between their late teens and early 30s, when they’re still figuring out who they are, establishing careers, and forming relationships. It’s during this stage that an inheritance—especially a large one—can be most destabilizing. Think about it: if a 19-year-old receives $500,000, the odds of that money being used wisely are slim. But that same amount handed to a 73-year-old is far less likely to create problems. Why? Because maturity, life experience, and financial responsibility take time to develop. As parents, we often wrestle with wanting to provide for our children but also fearing that too much too soon could harm them. Mark pointed out that it’s crucial to leave room for growth and “the good” when designing your estate plan. Your kids might struggle at 23, but they could thrive at 33. Your plan needs to account for that growth. Raising Adults, Not Children Another valuable takeaway was the reminder that we’re not raising children—we’re raising future adults. Mark and his wife embraced this mindset as they parented their now-grown kids. By gradually giving your children responsibility, you’re helping them build the skills they’ll need to navigate adulthood successfully. Mark stressed the importance of modeling healthy behaviors around wealth. Your children learn from how you manage money, talk about it, and integrate it into your life. If you’re consumed by anxiety over finances or overly controlling, that attitude can spill over into your kids’ financial lives. Conversely, demonstrating a balanced approach helps instill confidence and independence. The Warren Buffett Rule Mark also shared Warren Buffett’s famous quote about inheritance: ‘Leave your kids so much that they feel they can do anything, but not so much that they can do nothing.’ It’s a powerful reminder to strike a balance. Too little support might leave your kids struggling, while too much could rob them of the drive to achieve their own goals. It’s also worth reflecting on what your relationship with wealth says about you. Are you holding on to your assets too tightly out of fear? Or are you using your resources to foster growth and opportunity for the next generation? Flexibility and Communication Estate plans shouldn’t be rigid. Mark noted that many families default to standard structures like releasing inheritances in installments at ages 25, 30, and 35. While this approach is common, it’s not always effective. Life circumstances can change, and what seems appropriate at one point might not suit the future. Open communication is key. Talk to your family about your plans, values, and expectations. Addressing potential conflicts—like naming one sibling as a trustee over another’s inheritance—can save years of heartache and strained relationships. As Mark wisely advised, “Don’t make all your decisions based on fear. Leave room for the good.” Building a Lasting Legacy At its core, estate planning is about creating a legacy that extends beyond money. It’s about fostering independence, instilling values, and setting your family up for long-term success. By thinking carefully about the timing, structure, and intentions behind your estate plan, you can help ensure your wealth supports rather than hinders your loved ones. Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes! Subscribe to Retirement Revealed to get new episodes every Wednesday. Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337 Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify Additional Links: www.markshiller.com Certus Legal Group – Mark Shiller “ How to Not Ruin Your Kids With Money ” by Mark Shiller “ Little Book of Estate Planning ” by Mark Shiller “ The Cost of Avoiding Conversations: How Estate Planning Can Save Your Family Heartache ” – Retirement Revealed Episode 220, David Edey Connect With Jeremy Keil: Keil Financial Partners LinkedIn: Jeremy Keil Facebook: Jeremy Keil LinkedIn: Keil Financial Partners YouTube: Retirement Revealed Book an Intro Call with Jeremy’s Team Disclosures: Content Results and figures presented within the above links are hypothetical, unaudited and are intended for illustrative purposes only. Liability Keil Financial Partners assumes no liability or responsibility for any errors, omissions, or other issues with the links and their respective contents. This includes both the website content and any potential bugs, viruses or other technical threats. No Tax Advice Keil Financial Partners does not provide any tax advice. No information or results from the links should be interpreted as tax advice. Please seek guidance from a qualified tax professional for any and all tax-related matters. No Investment Advice The content and information provided through the links should not be interpreted as being investment advice or a recommendation of suitability for any particular security, portfolio of securities, transaction, or investment strategy, or related decision. Please seek assistance from a qualified investment professional for any and all investment matters. Investment Risk Investments may increase or decrease significantly. All investments are subject to risk of loss. General Disclosure Advisory Persons of Thrivent provide advisory services under a “doing business as” name or may have their own legal business entities. However, advisory services are engaged exclusively through Thrivent Advisor Network, LLC, a registered investment adviser. Keil Financial Partners and Thrivent Advisor Network, LLC are not affiliated companies. Please visit our website www.keilfp.com for important disclosures.…

1
The Cost of Avoiding Conversations: How Estate Planning Can Save Your Family Heartache 32:52

10 weeks temu32:52

32:52

Author and executor advisor David Edey shares how to prepare your estate and your executor to leave a legacy behind instead of a mess.

1
Using a Growth Mindset for an Epic Retirement 31:40

11 weeks temu31:40

31:40

Learn how to build a fulfilling retirement by utilizing a growth mindset - with Wendy Leggett

1
Finding the Soul of Wealth 32:17

12 weeks temu32:17

32:17

Learn how to tap into the soul of wealth to build a life that breeds happiness and purpose in this episode of “Retirement Revealed” featuring Dr. Daniel Crosby.

1
Retire Like a Boss: 3 Steps to Your Best Life Yet 30:01

13 weeks temu30:01

30:01

Discover your purpose outside of your occupation and live your best life yet in retirement.

1
Unleash the Power of your Time in Retirement 26:02

14 weeks temu26:02

26:02

Take advantage of the power of your time in retirement with these mindset re-directs from retirement coach and author David Buck.

Zapraszamy w Player FM

Odtwarzacz FM skanuje sieć w poszukiwaniu wysokiej jakości podcastów, abyś mógł się nią cieszyć już teraz. To najlepsza aplikacja do podcastów, działająca na Androidzie, iPhonie i Internecie. Zarejestruj się, aby zsynchronizować subskrypcje na różnych urządzeniach.