In today’s podcast, I have the pleasure of speaking with Martin, who retired at the age of 56. He shares his experiences, including how he spent the first two years traveling the country in an RV, what made him realize it was the right time to retire, and why he’s glad he made the decision to retire early. Martin also opens up about some of the challenges he’s encountered along the way.

You are listening to episode #435 and the title is: Pay Off Your Mortgage at Retirement or Invest? Pros and Cons Explained! This is one of the most common questions people face: Should you pay off your mortgage at retirement, or should you invest the money instead? This decision can have a significant impact on your financial security and peace of mind in retirement.

The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. To avoid this, let the experienced advisors at Parker Financial LLC guide you.

When you hire our team, we offer a comprehensive review of your current investments, taxes, and the data in the Retirement Budget Calculator. We will ensure your plan's completeness and accuracy, helping you create an investment strategy, assist with tax planning, and monitor your plan to maximize your retirement benefits.

At Parker Financial we offer a well-crafted retirement investment strategy, deeply rooted in academic data and financial science which can be the key to a prosperous retirement.

Don't leave your future to chance. Take the first step towards a sound retirement. Schedule your complimentary discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

Here is a question for you to consider.
What's the point of accumulating wealth for retirement if poor health prevents you from enjoying it?

Recenlty I have had people noticing that I have lost weight, commenting on how skinny I have become and asking me what I was doing. And I have to tell you I am feeling great. So in todays podcast I'm going to share with you what changed and how I've been able to lose 20 pounds in four months and also lose the belly fat. I'm going to share my diet and exercise routines and the technology I used to record my progress.

In this podcast episode Jason shares 7 simple exercises to help you plan the greatest year of your life.

In this podcast episode Jason interviews Chris Barfield, CPA about a barbell strategy for your money when making the transition into retirement.

A few bits of wisdom and select sayings from a good friend.

In this podcast episode Jason interviews Paul Merriman about his new book titled We're Talking Millions, and the 12 simple ways to supercharge your retirement.

In this podcast episode Jason interviews Christine Benz who is the director of personal finance at Morningstar, about buckets as a strategy to diversify your money as you transition into retirement.

In this podcast episode Jason interviews Dr. Craig Israelsen about the 7Twelve portfolio. We discuss asset allocation, inflation, budgeting, rebalancing, commodities, RMD's, diversification using buckets and retirement planning.  

In this episode Jason talks about inflation and the impact it has on your purchasing power and what you can do about it.

In this podcast episode Jason talks about flashlights and pocket knives and how they relate to retirement planning.

In this episode Jason interviews Dan Jamison, CPA and author of the FERS guide about why the FERS survivor annuity election Is important.  We also discuss how to know if you are ready to retire, what is the difference between a deferred vs postponed annuity, premium conversion for FEHB, what can a federal employee or annuitant expect when divorcing.  

In this podcast episode Jason explores a new article that was written by William Bengen about safe withdrawal rates.  He gives you a few simple formula's you can use to determine if you have saved enough to retire.

In this Easter special episode, Jason welcomes Tim Tenbrink as a guest to delve into the topic of biblical stewardship.

In this podcast episode Jason looks at the pros and cons of income riders on annuities.  He gives you questions to ask before you purchase one of these contracts.

In this podcast episode Jason asks the question do you need long term care insurance.  

In this podcast episode Jason talks about owning gold, a market melt up, and asset based long term care.  He also introduces the retirement dashboard which is the newest feature in the retirement budget calculator.

In this podcast episode Jason discusses tax planning.  For more details and show notes visit SoundRetirementPlanning.com episode #323

In this episode Jason explores using a SPIA to increase your guaranteed income in retirement.

In this podcast episode Jason answers a listener question about making adjustments to the 4% withdrawal rule based on your age.  When is the 4% withdrawal rule applied?  Should you make an adjustment to the 4% withdrawal rule based on your age at retirement?

In this episode Jason looks at investing fees and fees you pay for advice and asks the question is it worth it.  See the show notes at www.SoundRetirementPlanning.com for links to all of the research discussed.

In this episode Jason gives you the formulas you can use to see if you have achieved financial independence.  

www.SoundRetirementPlanning.com

In this episode Jason covers 7 of the most popular retirement withdrawal strategies.  For the resources mentioned in this show please visit SoundRetirementPlanning.com  Use the RetirementBudgetCalculator.com to understand the essential and discretionary expenses.

In today's podcast we cover a lot of retirement topics. The reason I wanted to share this podcast episode with you is because we talked about finding purpose in this next phase of life. I want all of the people who listen to Sound Retirement Radio to achieve Clarity, Confidence and Freedom and I want you to retire too something, not from something. In this podcast we discuss 7 exercises you can use to help you achieve a greater sense of clarity.

The free PDF document we discuss in this episdoe will be made available as a link on Sound Retirement Planning.com. If you are preparing for retirement be sure to go through the 7 exercises so that you can have a greater sense of clarity as your prepare for retirement.

When you know what is most important in life it makes it easier to prioritize your most valuable resource, your time.

I hope you enjoy this podcast episode.

As always articles, links and resources will be available at SoundRetirementPlanning.com just click on episode #424

In this show Jason explores why asset allocation is so important especially in the drawdown phase of investing.

In this episode Jason talks about the pros and cons of strategic and tactical investment management in retirement.  Be sure to visit soundretirementplanning.com for all of the links to the topics covered.

In this episode I've compiled 10 years of interviews with Kirk Larson who is a Social Security Public Affairs Specialist to create an ultimate social security podcast resource.

In this episode Jason talks about the backdoor roth ira.

Jason interviews Frank Ellerbroek who is a mortgage planning specialist.  A lot of people have been asking if they should consider a refinance of their mortgage while rates are low and if they should consider a forbearance, a HELOC or cash-out refinance during these difficult times.

Jason interviews Richard Rupp, MFT about how to manage stress and have better relationships.

I provide a safe place for people to heal from their past, live more fully in the present, and find greater success in their personal lives and relationships. I’ve helped individuals and couples grow stronger and happier for over twenty-five years as a licensed Marriage and Family Therapist in private practice in Pasadena.  

I completed my graduate degree at Fuller Graduate School of Psychology, and later taught there as an adjunct professor on Psychotherapy with Men.  I also have a certificate in Psychoanalytic Psychotherapy from LAISPS, the Los Angeles Institute and Society for Psychoanalytic Studies. This approach to therapy gives clients the deepest insight into their way of thinking and relating, and the keys to better relational health.

Jason & Emilia discuss a simple way to grade your cash-flow plan and confidence levels as you head into retirement using the "Sound Retirement Income Score".  We also discuss the CARES Act and how the new CARES Act is going to provide relief for families.  

Below are links to a few articles you might enjoy.

Article by the Tax Foundation

Article by Nerds Eye View

Jason and Emilia talk about the stock market and how it has historically recovered from a bear market. 

To learn more visit: Guggenheim: Putting Pullbacks in Perspective

In today's podcast episode, I want to explore how to evaluate if it makes sense to sell a rental property. Many people we have served over the years own rental properties and rental properties can be a great tool for retirement because they generate predictable inflation-adjusted income. However rental properties can have their drawbacks as well. In today's show, I am going to share the process that we use to help people evaluate if they should keep or sell a rental property from the perspective of retirement cash flow. With interest rates on fixed income being so low for so many years it had been hard to justify selling a rental property but with fixed income interest rates increasing and the appreciation of real estate starting to stall as a result of higher borrowing costs, the analysis is changing.

The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. To avoid this, let the experienced advisors at Parker Financial LLC guide you.

When you hire our team, we offer a comprehensive review of your current investments, taxes, and the data in the Retirement Budget Calculator. We will ensure your plan's completeness and accuracy, helping you create an investment strategy, assist with tax planning, and monitor your plan to maximize your retirement benefits.

At Parker Financial we offer a well-crafted retirement investment strategy, deeply rooted in academic data and financial science which can be the key to a prosperous retirement.

Don't leave your future to chance. Take the first step towards a sound retirement. Schedule your complimentary discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

Jason and Emilia talk about steps you should be taking as you navigate the economic and stock market volatility that we are experiencing. 

Click below to register for one of our upcoming webinars:

Wednesday, March 18 at 5:30 PM PST 

Saturday, March 21 at 1:00 PM PST

Jason and Emilia discuss how much risk as you head into retirement. 

Jason and Brett discuss investing in real estate to help generate cash flow.  

Brett Warner is the owner of Strategy Real Estate in Silverdale, WA. 

To learn more visit: www.strategyrealestate.net

Jason and Emilia discuss the impact of the Coronovirus on your retirement. 

To learn more visit: 

www.marketwatch.com-How the stock marker has performed during past viral outbreaks

seekingalpha.com- Early thinking on Coronovirus and pandemics

www.schwab.com- Will virus outbreak lead to market breakdown

www.marketwatch.com- Coronavirus fatality rates vary

www.washingtonpost.com- How Coronavirus can kill people

Jason and Dan discuss health and exercise as you age. 

Dan Hollingsworth is the owner of Kitsap CrossFit in Poulsbo, WA. He holds a Masters Degree in Physical Therapy and a Bachelor's Degree in Exercise Science. In addition to owning and operating his gym he also is a member of the CrossFit Seminar Staff and travels the world teaching the CrossFit methodology to new trainers. He is passionate about helping people change their lives through fitness. Outside of CrossFit he enjoys running, cycling and triathlons as well as traveling with his wife, Amy and 2 daughters, Piper and Sophie.

To learn more visit: Washington Post: Strength training is vital in avoiding injuries and staying independent as you age

Jason and Tony discuss tax and estate planning for large IRAs and the SECURE Act in retirement planning.

Tony is a Poulsbo attorney with over 22 years of legal experience. Tony maintains a practice focused on estate planning, elder law, estate and gift taxation, guardianship, and probate matters. He practiced with the IRA Estate and Gift function for over 8 years, and uses the valuable experience in serving clients with large and complex estates to maximize their ability to effectively provide for their family and charitable organizations through lifetime gifting and careful estate and trust planning. 

A Lieutenant Commander with over 23 years of active duty and reserve service in the US Navy JAG Crops, Tony is keenly aware of the unique issues facing military veterans and enjoys working with them to successfully integrate their retirement and other veteran benefits into their estate and retirement planning.  He recently became a Navy retiree himself on January 31st!

Tony is blessed to live in Poulsbo, and he spends his time being the best husband he can for and with his rock-star wife Kim Hinson, and the best dad he can be for his two amazing kids- Jonathan, 13, and Elizabeth,11.

Jason and Dr. Katy Votava talk about how to avoid common mistakes with Medicare. 

Dr. Katy is the author of Making the Most of Medicare: A Guide for Baby Boomers, 6th edition. The 2020 edition will be released soon.  Dr. Katy Votava is the President and founder of GOODCARE.com ®, a unique consulting firm working with a focus on helping people have the best healthcare coverage now and in retirement.  Dr. Katy Votava is a Nurse Practitioner with a Ph.D. in healthcare economics from the University of Rochester and a post-doctoral fellowship at Harvard Medical School. 

Dr. Katy has written Medicare articles for InvestmentNews.com. She is featured in the Wall Street Journal, New York Times, USA Today, CNBC, Money magazine, Financial Advisor, Fox News, PBS's WealthTrack, Investment & Wealth Institute, and The Street.com.  Dr. Katy is a sought-after speaker on retirement healthcare finance, Medicare, and Long-Term Care.

To learn more visit: 

Jason does a reading from his book, Sound Retirement Planning. 

Jason interviews Robert about the SECURE Act.

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished) is a partner with Keebler  & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planners & Councils. He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and in estate, gift and income tax examinations and appeals, and he has received more than 250 favorable private letter rulings including several key rulings of "first impression." He is the author of over 100 articles and columns and is the editor, author or co-author of many books and treatises on wealth transfer and taxation. Mr. Keebler has been a speaker at national estate planning and tax seminars for over 25 years including the AICPA's: Estate Planning, High Income, Advanced Financial Planning Conferences, ABA Conferences, NAPEC Conferences, The Notre Dame Estate Planning Conference and the Heckerling Estate Planning Institute and is currently the chair of the AICPA's Advanced Estate Planning Conference.

To learn more visit: keeblerandassociates.com

Jason and Emilia discuss defensive planning in retirement. 

It is my good fortune to have Wes Crill, PhD as a guest on the podcast today. Wes is a senior investment director and Vice President with Dimensional Fund Advisors. Prior to joining Dimensional, he was a PhD student studying materials science engineering at North Carolina State. His research focused on modeling engineering processes at a scale of 1 billionth the size of a human hair.

In today's podcast we discuss the difference between investing and gambling. The benefits of global diversification. Some of the nuances associated with only investing in the S&P 500 index. We discuss the life cycle theory of finance, should you buys gold, the reconstitution effect of index funds, the importance of having a financial plan, mutual funds vs ETF's, Why not all small cap investing is the same among fund providers. We discuss the science of investing and the pursuit of higher expected returns.

The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. To avoid this, let the experienced advisors at Parker Financial LLC guide you.

When you hire our team, we offer a comprehensive review of your current investments, taxes, and the data in the Retirement Budget Calculator. We will ensure your plan's completeness and accuracy, helping you create an investment strategy, assist with tax planning, and monitor your plan to maximize your retirement benefits.

At Parker Financial we offer a well-crafted retirement investment strategy, deeply rooted in academic data and financial science which can be the key to a prosperous retirement.

Don't leave your future to chance. Take the first step towards a sound retirement. Schedule your complimentary discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

Jason does a reading from his book, Sound Retirement Planning

Jason interviews Mike about his recent transition into retirement. 

Jason does a reading from his book, Sound Retirement Planning.