The conversation discusses the dangers of risk in retirement planning and explores risky investments and behaviors. It also touches on the importance of estate planning and offers a special deal for estate planning services. The hosts emphasize the need for risk management and balancing risk with potential returns. They discuss the advantages and disadvantages of a risk-on retirement strategy, as well as the characteristics of a risk-off strategyThe conversation covers various risky investment options, including stocks, cryptocurrencies, forex trading, and commodities. The hosts emphasize the importance of understanding risk tolerance and having a diversified portfolio. They also discuss the value of comprehensive estate planning and the benefits of working with a financial advisor. The episode concludes with a game about celebrities who died without an estate plan.

Reach out to Chris or Jon at 602-497-1322 or https://www.prospectwealthadvisors.com/

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In this conversation, Chris and John of Prospect Wealth Advisors discuss the common concerns and misconceptions that prevent people from seeking financial advice. They emphasize the importance of starting the conversation and offer a transparent and pressure-free approach to financial planning. They also discuss the significance of estate planning and the consequences of not having a plan in place. The conversation concludes with a discussion about the potential costs of retirement and the increasing life expectancy of retirees. People are living longer, which means retirement savings need to last longer. The documentary 'Live to a Hundred Secrets of the Blue Zones' explores areas where people live longer and have a good quality of life. Wealthier people tend to be happier, but many retirees struggle financially. Lifestyle choices in retirement can be expensive, such as travel and hobbies. It's important to have a plan and budget for retirement. RMDs and taxes are a concern for retirees. Revocable living trusts are more common and can be changed, while irrevocable trusts are used for tax purposes. Saving 20% of earnings for retirement is a good strategy.

Reach out to Chris or Jon at 602-497-1322 or https://www.prospectwealthadvisors.com/

See omnystudio.com/listener for privacy information.

Some of the more common questions about retirement planning start with what, when and how–and in an effort to bring some clarity to the transition into retirement, we have a few pointers that you can incorporate into your plan a decade before the big day. Let’s dive in!

Reach out to Chris or Jon at 602-497-1322 or https://www.prospectwealthadvisors.com/

See omnystudio.com/listener for privacy information.