Retire With Freedom: Featuring Freedom Financial Group's Toni, Tyler & Tad Hill

In today’s episode, we’re going to share some quotes from great investors like Charlie Munger and Benjamin Graham. We’ll take a look at these wise words and discuss how they apply to retirement planning. Through this lens, we’ll examine some common retirement planning mistakes and talk about how to steer clear of them.

Drawing on our experience of helping clients with similar situations, we'll delve into the implications of procrastinating retirement planning, discuss making your money last in retirement, and more. Tune in as we talk about the importance of having a structured retirement plan and provide guidance on when it's time to seek professional assistance.
Here is some of what we’ll discuss in today’s show:

• “If you're not willing to have composure during a 50% market decline two or three times a century, you're not fitting to be a stockholder and you deserve the mediocre result that you're getting.” (0:25)
• “The investor’s chief problem, and even his worst enemy is likely to be himself.” (5:28)
• When is it time to get help with retirement planning? (8:20)

We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio

Neither Freedom Financial Group nor AEWM are affiliated with Tracy Hipps or the Christian Services Mission.

On this episode of Retire With Freedom with Tad & Toni Hill, we take a break from financial talk and get to meet one of the key members of the Birmingham community. We have the pleasure of speaking with Tracy Hipps, the executive director of Christian Service Mission (CSM), an organization dedicated to serving others through various partnerships to connect resources with needs in the community. Tracy shares his inspiring journey of how he got involved with CSM and how he led the organization through difficult times to the robust role it now plays in Birmingham and beyond.

Tracy highlights the crucial role partnerships play in achieving their objectives and how they empower communities to become self-sufficient. For retirees looking to give back to society, Tracy offers valuable insights into how they can get involved with volunteering and make a meaningful difference in people's lives. Whether it's through skills-based volunteering or providing financial support, there are many ways to contribute.

Tune in as we delve deeper into Tracy's experiences, the impact of CSM's work on the community, and how you can get involved.

Here’s some of what you’ll learn in this episode:

• How Tracy got involved with CSM and got the program back on track to serving the community. (1:25)
• Tracy lays out the mission and focus of CSM and how their important partnerships play a role. (2:40)
• Ways for retirees to get involved with volunteering. (6:30)
• How to touch base with Tracy and CSM. (9:14)

About Tracy Hipps:

Tracy Hipps joined the Christian Service Mission as Executive Director in 2010. Tracy is a leader in community development and has spent more than 30 years “serving the least of these” in Chicago and Birmingham. Previously, Tracy was the Community Facilitator for Mission Birmingham and he has also served as a Youth Pastor for The Center for Urban Missions and The New City Church. Tracy is a graduate of Southeastern Bible College and holds a Master’s degree in Art in Ministry from Grace Seminary. Tracy is a member of Shades Mountain Baptist Church.

Learn More About Christian Service Mission On Their Website:

https://csmission.org/

We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio

Retirement planning is very much like putting together a jigsaw puzzle and figuring out how to make every piece fit together.

When you put together a comprehensive plan, there are so many different items that you need to review and prepare for, and that’s not easy to do. It’s important that you work with a professional that is a retirement planner that can help you see the full picture and piece it all together.

In this episode, Toni and Tad will explain our process and how we help put together the retirement jigsaw puzzle for our clients.

Here’s some of what you’ll learn in this episode:

· First thing you have to do is look at the big picture. (0:23)

· You need to be working with someone that can look at every piece to help you put it all together. (2:14)

· We meet so many people that have many unresolved issues. (8:10)

· Organizing the pieces to make it easier to find what you need. (12:28)

We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio

Who are you learning from when it comes to making sure your retirement plan is successful? If you’re of the age that your mom and dad retired 20 or 30 years ago, the world was a much different place when they walked away from their paychecks. Let’s talk about how things are different now...

We’ll look at how retirement expenses have evolved, with people today being more active and spending more on travel, hobbies, and healthcare costs. We’ll also discuss how increasing life expectancies, and the absence of traditional pensions are impacting retirement portfolios. Tune in and learn why it is so important to have a tailored plan that suits your unique circumstances, as we unravel the intricacies of retirement planning in the modern era.

Here’s some of what we discuss in this episode:

• Today, the cost of retirement can be high, especially with factors like healthcare expenses, travel plans, and increased longevity
• The three phases of retirement: The Go Go years, Slow Go years, and the No Go years
• The "sandwich generation" may face challenges balancing financial support for adult children and aging parents
• Staying active and maintaining a healthy lifestyle in retirement
• The impact of not preparing for long-term care expenses

Key Takeaway

“Oftentimes, being retired can be more expensive than when you were working.”

We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio

Do your kids know what to do with an inheritance or will the IRS take the lead? Have you planned for what your spouse’s income will look like after you’re gone? Retirement planning doesn’t stop with your personal goals, it extends to the people you love. In this episode, Tyler and Toni explore how retirement decisions affect your spouse, your kids, and the legacy you leave behind. They break down why filing status changes can lead to unexpected tax bills and how to plan ahead so your loved ones aren’t left scrambling.

You'll also hear about the major changes to IRA inheritance rules, why today's tax-deferred accounts can create tomorrow’s tax headaches, and how to use proactive strategies to minimize taxes and maximize your legacy. If your plan doesn't account for survivorship, tax implications, and wealth transfer, this episode may be your wake-up call to take action before it’s too late.

Here’s what we discuss in today’s show:

🧾 What the “spousal tax trap” means and how to avoid it

💔 How losing a Social Security check impacts retirement income

📉 Why your surviving spouse could face a bigger tax bill

🏡 The most loving legacy move: disinherit the IRS

📚 Education, planning, and conversations that prepare your whole family

Key Takeaway

"If you’re not doing tax strategies today, you’re just making the IRS another beneficiary—and a big one."

We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio