The conversation explores how to combat economic downturns, inflationary pressures, and identify financial planning red flags. It emphasizes the importance of understanding the purpose of your money and having a clear plan for retirement. The hosts discuss the need for a fiduciary advisor who acts in the client's best interest, the dangers of feeling pressured to make quick decisions, and the value of transparency and personalized advice. They also debunk the idea that an app can replace the expertise and emotional intelligence of a financial planner. In this conversation, Steve Sedahl and Chae discuss various financial topics related to retirement planning. The hosts emphasize the importance of diversification, understanding tax implications, and seeking professional advice for financial planning. Visit My Iron Plan to learn more. Call (888) 532-0503.

See omnystudio.com/listener for privacy information.

The retirement world has undergone significant changes in recent years. The conversation covers the impact of these changes, including the good, the bad, and the ugly. They discuss topics such as the Secure Act 2.0, which allows for the deferral of required minimum distributions (RMDs), and the reduction of penalties for RMDs. The conversation emphasizes the importance of proactive retirement planning and the need to address the unthinkable, such as medical surrogacy and estate planning. The conversation concludes with a discussion on inflation and the inadequacy of cost of living adjustments. Visit My Iron Plan to learn more. Call (888) 532-0503.

See omnystudio.com/listener for privacy information.

The conversation covers the impact of election years on investment strategies, the role of fear and misinformation, the importance of managing money regardless of political party, the impact of market predictions, the significance of consistency and discipline in investment strategies, the risks of changing investment strategies, the concept of lost opportunity cost, and the dangers of letting fear control financial decision-making. The hosts provide valuable insights and advice for listeners to consider in their financial planning journey.

Visit My Iron Plan to learn more. Call (888) 532-0503.

See omnystudio.com/listener for privacy information.