Navigating Retirement

YOUR PLAN – While most savers and investors understand they are taking “some” risk, it may be difficult to exactly quantify how much. A portfolio analysis can help you quantify and better understand the risks you are taking or are exposed to. Listen as Rick Durkee discusses why having an analysis done is an important part of the complete planning process to Navigate Retirement.

CALCULATING YOUR RETIREMENT NUMBER – Income Allocation and having a retirement spending plan is about specifically designing to optimize and increase our cash flow rate, therefore lowering the amount we need to reach our retirement number and filling our Retirement Income Gap. Listen as Rick Durkee discusses why planning and Income Allocation are so important on this week’s episode of Navigating Retirement.

PROTECTING YOUR SPOUSE – We don’t want to think about it, but in the back of our minds we probably understand the reality that we will probably not pass at the same time as our spouse. When the inevitable occurs, it is nice to have knowledge, or even specific instructions on what to do. Listen as Rick Durkee addresses this topic on this week’s episode of Navigating Retirement.

(NOT) GOING BROKE IN RETIREMENT – No one WANTS to run out of money in retirement, but people still do. A lot of this problem can be boiled down to lack of solid planning to prevent it, or not knowing the issues that could attribute to it. Listen as Rick Durkee discusses this topic on this week’s episode.

UNDERSTANDING YOUR INVESTMENT OPTIONS – There are many different options when it comes to investment, and each has potential benefits and disadvantages that should be considered carefully when deciding how to deploy your hard-earned dollars and the probability of the results you might expect. Listen as Rick Durkee discusses this topic and more on this week’s episode.

IT’S (FINALLY) 2021! – What could continued volatility in 2021 look like? What does this mean to the average saver, investor, or retiree? Listen as Rick Durkee addresses these questions and more on this week’s episode.

FINANCIAL RESOLUTIONS – One of the biggest holes in planning that become even more apparent this year during the pandemic was how underinsured most families are. This is a perfect time to review, update, or get life insurance. This is just one resolution that Rick Durkee discusses in this week’s episode.

ROTH PART 3 – On this week’s episode Rick Durkee will be addressing the reasons for, benefits of, and strategies to accomplish building tax-free money in your Roth IRA.

ROTH PART 4 – On this week’s episode Rick Durkee will be addressing the reasons for, benefits of, and strategies to accomplish building tax-free money in your Roth IRA.

TAKING RISK – Whether we want to make the connection or not, when we take risks with our money, we are actually risking our lifestyle. How can we position assets to help us protect our lifestyle and financial security? In this week’s episode, Rick Durkee will be addressing risk and how to identify it.

TAKING RISK PART 2 – Whether we want to make the connection or not, when we take risks with our money, we are actually risking our lifestyle. How can we position assets to help us protect our lifestyle and financial security? In this week’s episode, Rick Durkee will be addressing risk and how to identify it.

TAXES & THE RED ZONE – Specific and proactive tax planning and management should be discussed in the “Red Zone” (the time immediately before and after our retirement date) to identify opportunities to better control our tax liability. Listen as Rick Durkee discusses Taxes & The Red Zone on this week’s episode.

10 STEPS TO PLANNING – Understanding the investment options capable of generating income and considering how they are equipped to fit your needs is an important part of income planning. In this week’s episode Rick Durkee discusses 10 steps to take to help reach your retirement goals and why understanding your investment options are such an important step.

THE FED & INFLATION – How does inflation play into your financial plan? How will the Federal Reserve’s new strategy, when it comes to inflation, affect you? Listen as Rick Durkee discusses the major risk that comes with this new strategy on this week’s episode.

RETIREMENT INCOME PLANNING - Determining how much income we need, and we can generate, from our portfolio is an essential step in the retirement planning process. But, without careful planning both of these issues can be a bit of a patchwork guessing game. Listen as Rick Durkee discusses this topic and more on this week’s episode.

MEASURING RESULTS - Could emotions be affecting the type of equity investments investors choose? Have they invested in a stock or asset class simply because it’s the “hottest pick” in today’s market or a friend recommended it? Listen as Rick Durkee of the Coastal Financial Planning Group discusses this topic and more on this week’s episode.

MONEY IN MOTION - YOUR TIME HORIZON HAS CHANGED: Over time, our allocation should naturally change with our individual timeline and anticipated retirement date. If life events force us to alter our timeline more dramatically, our investment allocation should reflect this as well. This is just one of the 8 moments to move your money that Rick discusses on this week’s episode.

Each day we live and work, we are one day closer to retirement. The countdown is on. Rick Durkee continues his review of the important steps on the Countdown To Retirement.

The Countdown To Retirement continues! Rick Durkee covers several of the largest factors that play into a successful retirement and offers some reports that help savers and investors understand and address these issues in their planning.

Rick begins the mini-series of the Countdown to Retirement by covering some of the must answer questions and planning mistakes to avoid.