Category Archives: Financial

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S2: Episode 10 – Investment Advice from a Chartered Financial Analyst – with Guest Ben Malick



What goes into creating a good investment portfolio? How should you be comparing the investments you want to make? What are the risks? 

We can help you answer all of these questions! 

In this episode, Stephen Stricklin is joined with Ben Malik, vice president of Wise Wealth, as they talk about Ben’s experience with investing and the advice he has to offer. Ben walks us through the most important things you need to know about investing before you get into it. 

We discuss:

  • The significance of the CFA designation and how Ben uses his to manage investment portfolios
  • Building an optimal investment portfolio
  • The basics of the modern portfolio theory 
  • How to evaluate portfolios to a comparable benchmark
  • Ben’s thoughts on the biggest impacts on an investor’s returns (asset allocation, time, investor behavior)
  • Learn about biblically responsible/values driven investing
  • And more!

Tune in now to meet Ben Malick and gain a better understanding of what really lies in the risk of investing. 

Resources: Wise Wealth | Simplify Your Retirement | Stephen Stricklin | Ben Malick


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S2: Episode 9 – The Risks in the Three Phases of Investing — with Guest Samantha Compton



There are always things that could derail your financial plans, however, there are things you can be doing to avoid that from happening. 

In this episode, Stephen Stricklin is joined by Samantha Compton, financial advisor at Wise Wealth, as they discuss the risks involved throughout the three phases of investing. Stephen and Samantha provide you with solutions that you should be putting into place now so you are not surprised by anything in the future. 

We discuss:

  • Learn what Samantha’s role is at Wise Wealth and her areas of expertise
  • Identifying the three phases of investing, and understanding what phase you are in
  • Life and health risks specific to each phase that can undermine financial success
  • Protect from these risks to you can achieve financial significance, where you can be free to give, serve and enjoy like never before
  • What are the benefits of permanent life insurance
  • And more!

Tune in now to equip yourself with information that could help prevent you from getting off track with your goals. 

Resources: Wise Wealth | Simplify Your Retirement | Stephen Stricklin | Samantha Compton | Wise Women


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S2: Episode 8 – Seven Steps to Retirement Security, Part Two – with Guest Tom Hegna



Following the steps that we outline in this podcast will help you retire happier.

How?

In this episode, Stephen Stricklin sits down with Tom Hegna, an international economist, as they continue their conversation about Tom’s seven-step process to retire not just comfortable, but happy. Tom shares the last 3 steps of this process and provides insight into his own personal use of them! 

In this episode, we discuss:

  • What notable PhDs say about guaranteed income & happiness
  • Why you need to focus on planning for long-term care 
  • How to use your home equity wisely
  • The investment vehicle that can provide tax benefits, long-term care benefits, death benefits, and tax-free lifetime income 
  • And more!

Tune in now to part two of the seven steps to a happier retirement with Tom Hegna! 

Resources: Wise Wealth | Simplify Your Retirement | Stephen Stricklin | Tom Hegna | Tom Hegna’s Website | Seven Steps to Retirement Security Part One 


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S2: Episode 7 – Seven Steps to Retirement Security, Part One – with Guest Tom Hegna



Following the steps that we outline in this podcast can actually lead you to retiring happier.

How?

In part one of this two-part series, Stephen Stricklin sits down with Tom Hegna, international economist, and author, as they begin to dissect the first four steps of Tom’s seven-step process! Tom shares how he uses this process for himself and advises you about why it is beneficial in leading to better retirement security.

In this episode, you will learn:

  • The key to happiness & longevity in retirement
  • How to get the most for the least in retirement  
  • What is a hybrid retirement?
  • Why you should maximize your Social Security
  • Protecting yourself against inflation
  • And more!

Tune in now for part one of this two-part series where we help you discover Tom Hegna’s seven-step process to retirement security! 

Resources: Wise Wealth | Simplify Your Retirement | Stephen Stricklin | Tom Hegna | TomHegna.com


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S2: Episode 6 – Surviving the Distribution Phase – with Guest Waldean Wall



Some of the most important decisions you will make about retirement actually come when you are retired. 

In this episode, Stephen Stricklin is joined with Waldean Wall, VP of Advanced Markets and Solutions at Allianz Life Insurance, as they dive into conversations about what planning looks like in the distribution phase. They aim to provide you with information that could help you make better informed decisions when it comes time to retire. 

In this episode, you will learn:

  • The difference between a withdrawal and a rollover 
  • The advantages and disadvantages to leaving money in a 401(k)  
  • What inservice distributions are  
  • Taxation on Social Security
  • And more!

Tune in now to gain an understanding of one of the trickiest parts of retirement. 

Resources: Wise Wealth | Simplify Your Retirement | Stephen Stricklin | Waldean Wall | Allianz Life Insurance


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S2: Episode 5 – Inflation Rates Impacting Retirement



Many times, people can forget to plan for inflation rates when it comes to retirement planning. 

In this episode, Stephen Stricklin dives into the topic of inflation rates and how they might sneak up on you when you retire. Stephen offers some insights of things you should be thinking about and how you can work towards your retirement goals with inflation in mind.

In this episode, you will learn:

  • How inflation works and what it looks like 
  • Why is senior CPI is higher  
  • Ways to mitigate the effects of inflation  
  • What you can do now and in retirement to keep up with inflation rates 
  • And more!

Tune in to understand what inflation could like when you retire and what you can be doing to stay on track with your goals. 

Resources: Wise Wealth | Simplify Your Retirement | Stephen Stricklin 


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S2: Episode 4 – A Look at Medicare – With Guest Paul Brock



We often hear the same questions from clients when it comes to Medicare and Medicare planning. We are here to help you answer some of these questions. 

In this episode, Stephen Stricklin is joined by Wise Wealth’s Paul Brock as they answer some of the most common things they hear from clients regarding Medicare, and aim to provide you with the information you need to reach your retirement goals. 

In this episode, you will learn:

  • Two options you have when it comes to Medicare
  • When you are able to change your Medicare plan and how it works
  • The age at when you can get Medicare
  • Why should you review Medicare & supplement choices annually
  • What to look for in an advisor helping with Medicare
  • And more!

Tune into this episode to learn the basics of medicare and begin planning for your retirement. 

Resources: Wise Wealth | Simplify Your Retirement | Stephen Stricklin | Paul Brock 


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S2: Episode 3 – The Ins and Outs of Social Security – with Guest Larry Kotlikoff



Many people have burning questions about Social Security but don’t know where to go to find the answers. 

In this episode, Stephen Stricklin is joined by Larry Kotlikoff, professor of economics at Boston University, and expert on all things Social Security, as they dive into some common questions around Social Security benefits to help you feel a little more prepared when planning for retirement. 

In this episode, you will learn:

  • Details of Social Security in relation to retirement age
  • The difference between spousal benefits and survivor benefits
  • What it would look like to go back to work after getting Social Security benefits
  • Withdrawal of benefits and Suspending benefits
  • Advice from Larry when it comes to Social Security 
  • And more!

Tune in now to look at the big picture of Social Security!

Resources: Wise Wealth | Simplify Your Retirement | Larry Kotlikoff | Kotlikoff.net | Maximize My Social Security | Maxifi | Get What’s Yours 


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S2: Episode 2 – The Ultimate Guide To Diversification



Are you looking for a long-term strategy that is both effective and valuable for your portfolio? 

Your answer is diversification! 

In this episode, Stephen Stricklin talks about diversification. He shares his expertise on what diversification is, what it isn’t, why it’s valuable and why it’s important to have a diversified portfolio.

In this episode, you will learn:

  • What diversification is and how it works
  • Why diversification is valuable
  • When you should diversify outside of your account with your financial advisor
  • How consolidation can improve diversification
  • Other than investments, where else you should diversify
  • And more!

Tune in now to learn more about diversification! 

Resources: Wise Wealth | Simplify Your Retirement | Stephen Stricklin


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S2: Episode 1 – The Enemy of Progress is Procrastination



Success comes from activity, not from analysis. Procrastination is one of the biggest reasons why people don’t move forward, rather maintaining the status quo, doing the same thing they’ve always done with the same results.

In this episode, Stephen Stricklin discusses how procrastination can hold you back from reaching your full potential when it comes to financial planning. He shares how listeners can overcome procrastination through examples and insights he has gained through his experience. 

In this episode, you will learn:

  • How the fear of change stops growth
  • What stops clients from moving forward or making effective decisions
  • How confirmation bias can prevent change
  • The importance of research 
  • Why trust among your advisor is so crucial 
  • And more!

Tune in now learn how you can stop procrastinating and take the next step forward! 

Resources: Wise Wealth | Simplify Your Retirement