Tag Archives: retirement

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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


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S1: Episode 12 – How to Choose the Right Financial Advisor for You



Choosing the right financial advisor for you and your needs is key to developing your most effective plan. But how do you know who the right advisor is for you? What makes the different types of advisors different?

In this episode, Stephen Stricklin dives into the importance of choosing the right financial advisor for you. He provides a full overview of the various types of advisors, the variety of licenses, their standards and how they get paid. 

The CERTIFIED FINANCIAL PLANNER™ designation is one of the most esteemed due to the stringent requirements including experience, education, ethics, on-going training and acting as a fiduciary.

In this episode, you will learn:

  • Understanding the different types of licences for advisors, and how they can limit advice
  • The difference between the types of advisors, Captive vs. Independent
  • What it means when an advisor is a fiduciary vs. doing what is suitable
  • How advisors get paid and what the cost is of “doing it myself”
  • Most importantly, taking action
  • And more!

Play this episode to learn how to identify the right advisor for you!

Resources: Wise Wealth | Simplify Your Retirement


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S1: Episode 11 – Protecting Your Retirement Plan



In typical retirement planning, your plan is designed to work for you until you either become incapacitated, or you pass away. But there are a few things that you can do to protect yourself and your legacy in the event that either of these things happen to you. 

In this episode, Stephen Stricklin addresses how to protect your retirement plan in the event of you becoming incapacitated during retirement or you pass away. He dives into the process of protecting your wealth and the importance of leaving a message for your loved ones to protect your legacy. 

In this episode, you will learn:

  • Planning tools for incapacitation 
  • Why you need a power of attorney on your individual accounts — no matter your age
  • The difference between a contract and probate
  • How you can distribute your money through a trust or an individual
  • Why it’s more than money, it’s the message you leave behind
  • And more!

Tune in now and learn more about how you can protect your retirement plan starting today! 

Resources: Wise Wealth | Simplify Your Retirement


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S1: Episode 10 – The Bucket Approach to Financial Planning – Part 3



Once you have your specified amount set aside for emergencies and your income planned for retirement, what do you do with the rest of your money?

In part three of this mini-series, Stephen Stricklin reveals the third bucket, diving into the role the growth bucket plays within your financial plan and in relation to the other buckets. He reveals the importance of investing based on your goals and the benefits gained after retirement.

In this episode, you will learn:

  • The role of the growth bucket
  • How the growth bucket works with the other buckets
  • The benefits of growing your growth bucket
  • The importance of  investing based on your goals
  • And more!

Discover how the third bucket ties everything together in this episode of Simplify Your Retirement!

Resources: Wise Wealth 


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S1: Episode 9 – The Bucket Approach to Financial Planning – Part 2



Planning for retirement requires knowledge of what you will need, and when you’ll need it. Do you really know how much your retirement will cost?

In part two of this mini-series, Stephen Stricklin dives deep into the income bucket. He reveals the role it plays in retirement planning and how it works in relation to the other buckets. Discover the importance of planning when you will retire and how much retirement will cost.

In this episode, you will learn:

  • The role of the income bucket
  • The importance of having a retirement timeline
  • The benefits of an annuity
  • The limitation of the income buckets
  • And more!

Play this episode to learn more about the income bucket!

Resources: Wise Wealth 


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S1: Episode 8 – The Bucket Approach to Financial Planning – Part 1



One of the most common pieces of financial advice is that it’s important to diversify your portfolio. But did you know that there is a specific way that you should be strategically allocating funds when it comes to retirement income planning?

In the first part of this three-part series, Stephen Stricklin reveals the three-bucket approach to retirement income planning. Stephen provides a holistic view of the approach, and dives into the first bucket, discussing the importance of liquid assets for planned and unplanned expenses. 

In this episode, you will learn:

  • The basics of the bucket approach
  • When you should be focusing on funding the liquid bucket
  • Why the liquid bucket is where you should plan for emergencies
  • The importance of being aware of planned expenses before you retire
  • And more!

Discover the importance of dividing your money strategically with the bucket approach to retirement income planning!

Resources: Wise Wealth


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S1: Episode 7- The Five Principles Of Retirement Income Planning



Financial planning products and methods can only benefit you if they have a solid foundation. By building a foundation of knowledge of the principles of retirement income planning, you are able to guide your decision-making when it comes to planning for your future.

In this episode, Stephen Stricklin dives into the importance of the five principles of retirement income planning, discussing how they should guide your financial decisions and the benefits they provide. 

In this episode, you will learn:

  • Five principles for retirement planning
  • The importance of building upon principles
  • Three unknowns in life that can be difficult to plan for
  • And more!

Discover five principles you should build upon when planning for retirement in this episode of Simplify Your Retirement!

Resources: Wise Wealth 


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S1: Episode 6 – Human Bias In Investing



It can be hard to look beyond our personal biases. But how does bias impact our investment choices?

In this episode, Stephen Stricklin dives into human bias and more importantly, investor behavior bias. Discover how personal bias can impact investment choices and reactions to the stock market.

In this episode, you will learn:

  • The relationship between human behavior and investing
  • The difference between past market crashes and the current investor reactions
  • How human bias can impact your portfolio
  • What you should be doing during market volatility 
  • And more!

Tune in now and learn more about investor behavior bias!

Resources: Wise Wealth 


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S1: Episode 5 – The Impact Of Market Volatility On Retirement Plans



Market volatility is a natural occurrence, one that can increase in risk the closer you are to retirement.

In this episode of Simplify Your Retirement, Stephen Stricklin speaks about market volatility, different phases of investing and how volatility can impact your investments. 

In this episode, you will learn:

  • The three phases of investing
  • How your retirement timeline relates to market volatility 
  • The importance of remaining true to your financial plan
  • What the real rate of return is on your investments
  • And more!

Learn more about market volatility and the risks associated with retirement planning!

Resources: Wise Wealth