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Retirement Reality Podcast

Retirement Reality Podcast

Mike Kojonen

Weekly financial and retirement planning guidance with Mike Kojonen of Principal Preservation Services. Mike serves western Wisconsin and the Twin Cities areas of Minnesota. He's the co-author of Momma's Secret Recipe for Retirement Success and will impart financial wisdom each week on this podcast.
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Top 10 Retirement Reality Podcast Episodes

Goodpods has curated a list of the 10 best Retirement Reality Podcast episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Retirement Reality Podcast for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Retirement Reality Podcast episode by adding your comments to the episode page.

Retirement Reality Podcast - Ep 116: Mailbag: Credit Card Debt, Savings Value & More
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04/27/23 • 18 min

It’s time for another mailbag episode! We have an exciting lineup of topics to discuss today. Listen in as we tackle some current questions from our listeners, and you’ll likely gain some invaluable insights to help you make informed financial decisions.

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

  • How can my investment strategy impact my returns? (1:08)
  • How can I protect my savings from losing value? (4:05)
  • How can I tackle this credit card debt? (8:51)

For more episodes, visit us online here: http://principalpreservationservices.com

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Retirement Reality Podcast - Ep 46: Figuring Out Finances After the Death of a Spouse
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08/13/20 • 16 min

It’s a topic no one likes to think about. Would you be OK financially if your spouse passed away? Find out how to prepare financially for a worst-case scenario like this and what common mistakes people make.

Read more and get additional financial resources here:

On today's show:

0:55 – A tough situation

2:31 – What can you do to prepare?

3:42 – Why it’s important to meet with both spouses

4:30 – Immediate financial challenges when a spouse dies

7:55 – Wife didn’t know where all the assets were

9:43 – Husband and wife had good plan in place

11:18 – Why planning is key

12:54 – Mailbag: What should a financial advisor help me with?

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Retirement Reality Podcast - Ep #6: What Flying Can Teach Us About Retirement Planning
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10/10/19 • 14 min

When was the last time you took a flight? Did you think at all about how that process related to investing? Probably not, but there are actually some pretty great parallels between retirement planning and flying that we will talk about on this episode. Buckle up and prepare for takeoff.

On this episode:

2:36 – Introducing our topic on today’s show.

3:32 – In the news: 37% of households are ‘free and clear.’ Is that number high or low?

4:49 – 75% of our clients are free and clear and the others are pretty close.

5:44 – Beginning our main topic of what flying teaches us about retirement

6:09 – The first lesson: You need a flight plan.

7:42 – You need someone with experience to build the correct flight plan.

8:51 – The third lesson: Turbulence effects different people in different ways.

10:15 – Your plan, like an airplane, is built to withstand the ups and downs.

11:00 - The final lesson: You need help along the way to get from point a to point b.

11:50 - Past success can really hurt you. Here’s why.

Get the full show notes and additional resources by clicking here: https://principalpreservationservices.com/what-flying-can-teach-us-about-retirement/

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Retirement Reality Podcast - Ep 85: How the “Great Resignation” Could Impact Your Retirement
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01/13/22 • 23 min

What do you know about the “Great Resignation”? There’s been a lot of people leaving their jobs lately, either to take a break or to retire early. We’ve seen it with some of our clients even. With this huge shift in the workplace, we want to discuss how it could impact your retirement plan if you decide to leave your job.

What should you be aware of when it comes to Social Security and your retirement accounts if you quit your job? You’ll have to keep in mind if you do take a break, your Social Security payment calculations could change later on. Don’t think of your 401(k) as a rainy-day fund either. However, make sure you take it with you if you do go to a new job. A lot of people are thinking about retiring early and having a stable plan is the first step to realizing that goal.

Forbes Article: https://www.forbes.com/advisor/retirement/great-resignation/

Get additional financial information: https://principalpreservationservices.com/ep-85-how-the-great-resignation-could-impact-your-retirement/

What we discuss:

1:31 - Happy New Year!

2:25 – Retirement planning during the great resignation

4:10 – The impact of the pandemic

5:05 – Taking a break from Social Security

6:56 – 401(k) as a rainy-day fund

9:05 – Take your 401(k) with you

11:37 – Leaving before a potential match

14:18 – Cover your basis before you retire early

18:15 – Mailbag: “How much stock in the company I work for is too much?”

20:20 – Mailbag: “How do I get myself motivated to save more for retirement?”

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Retirement Reality Podcast - Ep 81: 4 Unreasonable Requests for Your Advisor
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11/11/21 • 22 min

Your advisor is here to help you make the best financial decisions for your future, but there are still some unreasonable things to expect from them. It’s important, as a client, to stay down to earth when it comes to your financial expectations. On today’s episode, we will be discussing 4 requests that are probably a little too unreasonable to ask of your advisor.

Do you want big returns without risk? Well, you are probably going to have to take on at least some risk to get there. Can you ask an advisor to lower their fees? Some people wonder if there is a way to get out of paying taxes on retirement accounts like a 401(k) or IRAs. Although you can roll over these accounts to a Roth, you’ll still have a tax bill. What if you don’t want to be involved in the planning process? It’s crucial your advisor understands you and your expenses so being involved to some degree is required. We’ll also answer three mailbag questions about retiring early, risk, and working until the age of 70.

Get additional financial information: https://principalpreservationservices.com/episode-81-4-unreasonable-requests-for-your-advisor/

What we discuss:

1:14 – Enjoying fall

2:26 – I want big returns, but I don’t want any risk

6:03 – Can you reduce your fees?

9:42 – How can I get out of paying taxes on my 401(k) or IRA?

12:03 – Do I have to be involved in the planning process?

15:12 – Mailbag: What steps should I take to retire at 55?

17:05 – Mailbag: How much should I have at risk in my portfolio?

19:38 – Mailbag: I’m single, should I work until I am 70?

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Retirement Reality Podcast - Ep 76: What the Financial Doctor Ordered
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08/26/21 • 20 min

So you’re experiencing some concerning symptoms with your finances? Let’s visit with the money ‘doctor’ Mike Kojonen to see what financial prescriptions you might need to keep your retirement on track.

Read more and get additional financial resources here: https://principalpreservationservices.com/ep-76-what-the-financial-doctor-ordered/

What we discuss on this episode:

1:17 – Summer update

4:34 – Dizziness from market volatility

6:44 – Paralysis in financial decision-making because of too many options

8:40 – Anxiety from watching the news everyday

10:21 – High blood pressure from anger about receiving bad advice in the past

12:58 – Losing sleep about not having enough money for retirement

16:40 – Mailbag question on which accounts to withdraw from first

18:19 – Mailbag question on robo advisors

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Retirement Reality Podcast - Ep 75: How Age & Wisdom Play Into Financial Planning
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08/12/21 • 19 min

If they age is the price we pay for wisdom, then we should possess a strong fundamental understanding of our finances by the time we reach retirement. As we get older, our view of money changes and our perspective of what’s most important in our retirement plan will evolve.

Read more and get additional financial resources here: https://principalpreservationservices.com/ep-75-how-age-wisdom-play-into-financial-planning/

What we discuss on this episode:

1:55 – Perspective of money changing with age

3:59 – What would you have done differently?

6:22 – Worry more or less later in life?

7:59 – Leaving a legacy

12:36 – How we view risk

15:38 – Mailbag questions on giving money to children

17:37 – Mailbag question on dividend-paying stocks

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Retirement Reality Podcast - Ep 74: What Retirement Are You Living For?
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07/22/21 • 16 min

All the hard work and time you spend during your working career should be enjoyed in retirement, but what type of motivation do you have? Let’s explore some of the primary motivations that people have for retirement and how planning can help you reach that.

Read more and get additional financial resources here: https://principalpreservationservices.com/ep-74-what-retirement-are-you-living-for/

What we discuss on this episode:

1:52 – Spending more time with your family

3:53 – Want to buy stuff

6:10 – The desire to travel

8:56 – Helping your grandchildren with college

11:15 – Donating to a charity

13:32 – Mailbag question on money creating stress in a relationship

14:30 – Mailbag question on Social Security

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Retirement Reality Podcast - Ep 72: The Three Worlds of Money

Ep 72: The Three Worlds of Money

Retirement Reality Podcast

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06/24/21 • 25 min

Just about everyone is familiar with the phrase diversification and what it means in financial planning, but what does it take to be properly diversified?

On this episode of the podcast, we’ll break it down to the three worlds of money and explain why finding balance among these will provide you with the diversification you need to have a successful retirement. Each of these play a key role in planning and it’s important that you find the right mix for investing your money.

You can listen to the full episode or use the timestamps below to find a specific segment.

1:12 – The Banking World

5:25 – The Insurance World

10:37 – The Wall Street World

17:18 – Finding balance with our clients

20:23 – Mailbag question on old 401K accounts

22:12 – Mailbag question on taxes in retirement

For additional financial planning resources, visit us online at http://principalpreservationservices.com

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In this episode, we’ll explore many of the expenses in your life that might drastically change (one way or another) in retirement. We’ll break those expenses down further to see which ones are the top priorities and analyze some of the other factors that impact your cash flow in retirement.

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

  • What is your housing situation? Is your mortgage paid off? (2:13)
  • Can you move down a tax bracket in retirement? (7:23)
  • How much will you be traveling in retirement? (10:31)

For more episodes, visit us online here: http://principalpreservationservices.com

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FAQ

How many episodes does Retirement Reality Podcast have?

Retirement Reality Podcast currently has 158 episodes available.

What topics does Retirement Reality Podcast cover?

The podcast is about News, Investing, Podcasts and Business.

What is the most popular episode on Retirement Reality Podcast?

The episode title 'How Is Technology Redefining Retirement Planning?' is the most popular.

What is the average episode length on Retirement Reality Podcast?

The average episode length on Retirement Reality Podcast is 20 minutes.

How often are episodes of Retirement Reality Podcast released?

Episodes of Retirement Reality Podcast are typically released every 13 days, 23 hours.

When was the first episode of Retirement Reality Podcast?

The first episode of Retirement Reality Podcast was released on Aug 26, 2019.

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