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Biography

The New Retirement with Robert Margetic

Robert Margetic, MBA, ChFC, CLU has been advising clients for over twenty-five years in all aspects of retirement and financial planning. He serves as a consultant on advanced planning strategies to attorneys, accounts and other financial advisors. He is founder and president of Redwood Financial Advisors Inc, a registered investment advisor and is co-founder of Wealthnet, a national trust administration company. He is the author of ‘How to Survive the Coming Retirement Storm; A Five Step Process for Success in Volatile Times’. He frequently writes and blogs on issues facing the new retirement.

Archived Shows

• The New Retirement – Planning for Unknowns

  All planning consists of guessing the future. Some things in retirement planning are unknown. You don’t know what actual inflation will be or the rate of return you will earn on your savings. You don’t know how long you will live or what will happen to your wealth. Though you don’t know the outcome of these elements you generally can make an educated guess to move your planning forward. What about other risks and unknowns you may not have accommodated in your plan. How will the government debt and deficits or the policy of the Federal Reserve affect your spending and saving. Or will the aging population worldwide cause you concerns. Join Theresa Yarosh President of Macro Wealth Management as she explains her firms’ unique methods for managing these uncertainties. The US Census department recently announced that the number of people reaching age 100 will increase from 70,000 to 600,000 by 2050. This also means there will be a corresponding increase in the number of 80 and 90 year old people. Learn how this aging trend is changing living lifestyles with Joe Verdoorn of SEC Planning. It’s time to identify and prepare for unknown risks.

  
• The New Retirement – Money Decisions

  Have you ever done something dumb with your money? Do you make decisions emotionally or rationally? Neither emotional nor rational decision making is right for every retirement decision. Karen Lee, CFP and author of It’s Just Money, So Why Does It Cause So Many Problems? shares her 24 years of experience in discussing the shortfalls of some of her clients’ money decisions. Once your decision making gets better, you will need to know the different types of investment strategies to make your money grow. Scott Cramer and investment advisor and founder of Cramer & Rauchegger discusses his endowment strategy to manage money. Learn how the big non-profits and pension plans approach money management. This is one strategy to consider among many in determining your personal investment philosophy.

  
• The New Retirement – Cultural Trends in the New Retirement

  The baby boomers have affected everything in their path and retirement will be no different. New trends, attitudes and lifestyles re-define retirement. How do you measure up to this generation? Are you on trend or off? Join Dr. Margaret King Director of the think tank Cultural Studies and Analysis as she provides her insights to how she sees the culture of retirement changing over the next couple of decades. Another trend is the need and want for many near or in retirement to take on new work. This may be due to necessity do to the bad economy or simply to keep busy and engaged. Many turn to the internet for this opportunity. Christine Clayfield author of From Newbie to Millionaire warns us on how to avoid mistakes, scams and get-rich-quick tricks. She shares the lessons she learned, many the hard way, on how to go about it the right way.

  
• The New Retirement – What Are You Going To Be When You Retire

  A life of leisure after forty years of hard work seems a just reward. Is there ever too much leisure? Can you do nothing for the 20-30 years you will spend in retirement. If you are an active success oriented person, you will want to do something or contribute something of value in your retirement years. Yet many people are unclear on how to begin the process to start an encore career or launch the next phase of their life. Thomas Belanger author Teamwork in Ten Days shares how he approached redefining himself in retirement and how critical it is to be active. He offers a number of ideas on how to find your passion which in turn becomes a lifeline throughout retirement. Next, Phil Saylor author of Retire to Not From explains how the proper mindset helps you move gracefully from your lifelong work to the next phase of your life. New retirees are redefining retirement. It no longer is a period of pure leisure but one of leisure combined with a passion that helps you thrive.

  
• The New Retirement – Health Matters

  Your health care costs can be a wild variable in retirement. The kind of insurance you have matters. How you protect yourself from these uncertainties matter. Ross Blair, a Medicare expert, and CEO of planprescriber.com explains the key components of Medicare and whether or not you should add a Medicare supplement insurance plan to protect yourself from unexpected costs. Find out how much you are likely to spend during retirement. Your retirement plan remains incomplete without a good estimate of what health care will cost you. One way to keep your health care costs down is to stay healthy. Dr. Michael A. Smith explains the four key building blocks to counter the aging process and keep you active and healthy in retirement. His scientifically backed health strategies are available through Life Extension, the world’s leading organization dedicated to extending the healthy human life span. How you take care of your self matters.

  
• The New Retirement – When to Break from Tradition

  Sometimes tradition carries wisdom Other times it represents worn-out thinking. You may have a traditional IRA investing in traditional investments like stocks bonds, cash, CDs mutual funds and such. In today’s global economy, there are doubts about the strength of the financial markets. Yet, you can set up a self-directed IRA to invest in less traditional assets. In a self directed IRA you can invest directly into real estate, mortgages, private loans, private equities, start-up companies and precious metals along with a host of other non-traditional investments. Join Jaime Raskulinecz, CEO of Next Generation Trust Services to learn how. Many people follow tradition in passing on their wealth to heirs. They tend to split the money equally among their heirs and give it to them as soon as possible. Richard Watts author of Fables of Fortune; What Rich People Have That You Don’t Want will explain when that could cause more harm than good.

  
• The New Retirement – Move Into Retirement

  Many people will move sometime in retirement but don’t have a systematic way to make decisions. Some muddle through. Some ask friends. If you are planning to sell you current home and move sometime in retirement you need to factor in the changes in cost and capital in your current retirement plans. Joins us as we talk to Chantay Clark from Clear Choice Realty on the process her clients follow to make this important decision. Later, Janet Groene author of Living Aboard Your RV will talk about how she and others make such a bold decision to chuck the house and hit the road. You may decide to stay in your home for your remaining days or you may dream of a new exciting locale. Either way you should follow an intelligent process to ensure whatever your decision you made the right one and factored it properly into your retirement planning.

  
• The New Retirement – Social Security and Savings Goals

  Many people have different opinions on whether Social Security will be there when they retire. The value of Social Security benefits for most people is between $200,000 and $400,000 for their lifetime benefits. If you assume Social Security won’t be there, then you need to save a lot more money. Bruce Ruark, the author of Saving Social Security will share a new idea on how to bail out the benefit without raising payroll taxes or cutting benefits. Regardless of your opinion, listeners will learn the main factors in making key decisions on getting your benefits and how to factor Social Security benefits into your retirement plan and how it impacts the amount of money you need to save to ensure a secure retirement.

  
• The New Retirement – Allocate Your Assets Properly

  Do you know how your assets are allocated? What percent of your money is in the stock market? If you don’t know you could be putting your wealth at risk. Steven Davis, a Registered Investment Adviser, explains the importance of asset allocation and how he approaches designing investment portfolios. Managing volatility will become the key investment objective for all of those nearing retirement or in retirement. Steven is followed by Marvin Doniger author of several books including A Common Sense Approach to Successful Investing. Marvin is an individual investor and will share what he has learned in managing his own money. Whether you want to work with a professional or learn how individuals manage their money, this episode will show you how to allocate your assets to grow and protect your wealth.

  
• The New Retirement – Planning is a Matter of Perspective

  All good plans begin with a picture in your mind of what you want to accomplish. So with retirement. If you can picture how your retirement will play out you can better plan it. You can determine the things you want to do and estimate their cost accordingly. With costs in place you can readily calculate the amount of money you need to save. Robert Gignac Author of Rich is a State of Mind tells us how to create our own picture and how to set goals to achieve the retirement we desire. While Danny Kofke author of A Simple Book of Financial Wisdom shows us how to gain a healthy perspective on your daily spending and saving. For proper retirement planning you need both the big picture and the close up, with our guests today you will get both.

  
• The New Retirement – Developing Your Retirement Mindset

  How do you picture your retirement. Is it a period of old age and decline or is it a period of activity and personal growth? Your outlook on retirement directly affects its quality and cost. You can’t figure out how much money you need in retirement until you figure out what you are going to do. To help you get started on figuring what you are going to do we are going to visit with Dee Cascio LPC, LMFT, ACC and Ronald Kaiser PhD and author of What Can Go Right; The Thinking Persons Guide to Making Good Things Happen. They will explain the importance of planning out the personal, social and health components of your overall retirement plan. Learn the key life factors in those reaching age 100. Setting measurable and achievable goals are critical to a successful retirement. A good mindset is the first piece to developing a good retirement plan.

  
• The New Retirement – The Holistic Retirement

  The holistic retirement is not some new age touchy feely thing. It approaches retirement in its totality. Retirement is about more than money. Your retirement plan must have sub-plans to map out what your personally want to do with your time; your legacy; those you want to spend your retirement with, your health and well being along with the financial management to make it all happen. Professor Tacchino from the American will talk how the college prepares new financial advisors into helping clients with all of their retirement needs and will share information on how you can improve your knowledge level. Jack Tatar author of Safe4Retirement will add emphasis to the non-financial components of your retirement plan. Don’t create a partial plan when you need to consider the entirety.

  
• The New Retirement – Prepare for Long Term Care

  New retirees will live longer than those past. As we get older our bodies and minds show signs of wear and tear. The prudent among us plan for extra outlays to pay for assistance when we can’t do everything ourselves. You can self fund the risk or buy insurance to put off the risk. But you shouldn’t ignore the risk. Our guest Harold Lustig author of Naked in the Nursing Home discusses smart ways to prepare for our old age. Trusts, property transfers and asset protection compliment the need for a health reserve or an insurance policy to make sure you are protected and remain independent for life. This show helps you in your retirement planning today. Even if you may think you’re too young to consider long term care planning, your parents may need the planning to preserve your inheritance or better yet not come to you for financial assistance.

  
• The New Retirement – 401ks and Investment Strategies

  This year brings new rules to 401k participants. Find out how you can benefit from the rule changes and save a lot of money. Scott Holsopple of smart401k.com will show us how. While you are managing your 401k fortune or other savings it’s important to ask the right questions before you make your investments. Investing isn’t simply about picking the right stocks and bonds, but in having an overall strategy that serves the purpose of your money. Join Brendan Magee from Invevitable Wealth Coaching to learn the things that make investing successful and avoid the things that hurt your savings goal. You will need to manage your money, not only up to retirement but also in the 20-30 years you spend in retirement.

  
• The New Retirement – Manage Your Money for the Long Haul

  The return you get on your investments helps you achieve your retirement savings goal and provides a safe stream of income when you retire. Retirement will last longer for new retirees. Your longevity requires a new way of thinking about how you handle your money. One difficulty in retirement planning is estimating what your return will be while you are growing your nest egg to meet your retirement goal. Another difficulty is estimating your return once you retire to see how long your money will last. History in some cases can be a guide but when it comes to expected investment returns in the new economy the new retirement requires a new realization that your likely return will be less than you think. Todd Tresidder a retired hedge fund manager and an ongoing author of articles and books on investing in the new retirement will help explain how you choose a reasonable return and a safe withdrawal rate. He will provide insight on how much money you need to retire. We also will discuss strategies on balancing your retirement expenses with your investment returns; a skill that will be quite useful in the new retirement.

  
• The New Retirement - Perspective and Paperwork

  New retirees face a new retirement. The rules have changed. Your retirement will be different than your parents and grandparents. You will need to adopt a new mindset and learn a new skill set to successfully navigate the turbulent times ahead. Learn the beginnings of the new perspective. As with most things a job is never done until the paperwork is complete. Richard Smith an attorney with over 40 years experience will lay out the three key documents everyone needs to have in place to protect themselves and their family. He will simplify wills and trusts and discuss practical ways you can get your paperwork done so you can focus on piecing together your retirement puzzle.