Perfect Game Retirement

Navigating Finances After Losing a Spouse: Strategies & Mistakes to Avoid

Losing a spouse is an unimaginably tough life event, but the financial implications can add another layer of stress to the grieving process. In this episode, we delve deep into the most common financial issues faced by widows and widowers, from dealing with income gaps to navigating tax changes as a single filer.
 
Here’s some of what we discuss in this episode:
Two of the most common challenges widows face are the income gap and changes in tax filing.
What are your Social Security and pension options when you lose your spouse?
There are strategies and planning steps you can take now to help cover that loss of income.
The common mistakes we see when it comes to taking care of the kids and grandkids.
Ryan shares his opinion of a trust and the benefits for having it.
 
Visit us online: https://blackoakam.com/
Get in touch with the Black Oak team: https://blackoakam.com/contact-us/
Get more financial education on our YouTube Channel: https://bit.ly/45kJlwI

Are There Universal Retirement Truths?

Retirement is a unique journey for each of us. The thought that there's a one-size-fits-all solution is a myth, but what if we told you there are certain universal truths that can guide every retiree?
 
Dive deep with us in this episode, where we juxtapose the individuality of retirement plans with the foundational principles that remain consistent across the board. Every truth that we discuss today needs to be taken into consideration and we’ll talk about why and how we do that with the people we work with.
 
Here’s are the universal truths we’ll break down:
Everyone needs an income plan.
Everybody needs a plan to address long-term care issues.
Money sitting in cash isn’t keeping up with inflation.
Tax implications matter.
Estate planning isn’t just for the wealthy.
 
Visit us online: https://blackoakam.com/
Get in touch with the Black Oak team: https://blackoakam.com/contact-us/
Get more financial education on our YouTube Channel: https://bit.ly/45kJlwI

Navigating the Transition to a New Financial Advisor

In this episode, we delve into the complex and often emotionally charged process of changing financial advisors. We'll discuss the telltale signs that it's time to consider a switch, the questions to ask your current advisor, and what to look for in a new one.
Join us as we demystify the transition process and equip you with the knowledge you need to make informed decisions about who is best suited to guide your financial future.
 
Here’s some of what you’ll learn in this episode:
The emotional connection that people make with their advisor, which can make it difficult to make a change.
How do you know if it’s time to make a change to a new advisor?
The questions you can ask an advisor to help clarify if they’re still a great fit.
What you need to look for in a new advisor.
 
Visit us online: https://blackoakam.com/
Get in touch with the Black Oak team: https://blackoakam.com/contact-us/
Get more financial education on our YouTube Channel: https://bit.ly/45kJlwI

Building An Estate Plan With No Regrets

In this episode, we cover topics ranging from poor expense planning to outdated beneficiary designations and family conflict triggers. We also shed light on some misconceptions about transferring real estate and explain the impact of tax implications on your estate. If you want to leave a legacy without regret or legal turmoil, this episode is a great starting point.
 
Here’s some of what you’ll learn in this episode:
The different types of major expenses that could drain your savings if you aren’t planning for them.
Why you need to be updating your beneficiary designations across all accounts.
Communication will go a long way towards avoiding conflict among heirs but there are some other steps to take.
Why you probably shouldn’t transfer your real estate while you’re still living.
Taxes play a big part in estate planning and we’ll talk about how to be more efficient.
 
Visit us online: https://blackoakam.com/
Get in touch with the Black Oak team: https://blackoakam.com/contact-us/
Get more financial education on our YouTube Channel: https://bit.ly/45kJlwI

Mailbag: Recession Worries, Gifts for Children, College Funding & More

It’s time to dive back into the mailbag and answer a bunch of financial questions that have come our way recently. We’ll tackle a wide variety of scenarios and planning items so there’s a good chance we’ll address something that could impact you in the future.
 
Here’s some of what you’ll learn in this episode:
Is it a good idea to help out your daughter and her boyfriend with money to buy a home?
If you’re worried about a recession coming, should you change the way you’re invested?
How do people get comfortable with the idea of no longer having a paycheck coming in?
Should you keep your mortgage for the tax deduction in retirement?
Some different options to consider to help your grandchildren pay for college.
Is it worth sticking around for a job you don’t enjoy because the pay is really good?
 
Visit us online: https://blackoakam.com/
Get in touch with the Black Oak team: https://blackoakam.com/contact-us/

Mastering Retirement Cash Flow: Understanding Income

In this episode, we'll uncover the secrets of guaranteed income versus the uncertain stuff and shed light on the consequences of retiring without a clear income plan. Don't worry if you're feeling lost - we've got your back with practical solutions and expert guidance. Tune in and take charge of your retirement cash flow!
 
Here’s some of what you’ll learn in this episode:
The different types of income sources that we typically use for clients.
How you should diversify your income streams like you do investments.
What is guaranteed income versus non-guaranteed income.
How to structure your income to cover your needs and what to use to take care of those wants.
 
Visit us online: https://blackoakam.com/
Get in touch with the Black Oak team: https://blackoakam.com/contact-us/

Counterintuitive Advice: Why You Should NOT Invest In A 401(k)

Don’t get us wrong. In many cases, your 401(k) can be your best investment vehicle, offering numerous benefits and tax advantages and many times a 100% return on some of your contributions (also known as an employer match). However, it's important to recognize that it might not always be the optimal choice for everyone. Join us in this thought-provoking episode as we dissect the reasons why someone should NOT invest in a 401(k).
 
Get your Retirement Coach 360 session:
Call: 470-508-0508
Website: https://blackoakam.com/

Retirement Rebels: Winning Your Financial Independence

Celebrate the spirit of July 4th with our latest episode as we tackle the concept of Financial Independence. While the American colonists fought for freedom from British rule, we’re here to discuss what you’re striving to be independent from in your retirement. We’ll unveil the common foes you’ll face on the journey. And good news, no muskets required for these battles…
 
Get your Retirement Coach 360 session:
Call: 470-508-0508
Website: https://blackoakam.com/

Financial Planning Lessons From The Classroom

From time to time, we like to look at issues faced by people in other professions outside of the financial world and see what kind of retirement planning lessons we can learn from these other professions. Today, we’re seeing what we can learn from teachers and the issues they face.
 
Get your Retirement Coach 360 session:
Call: 470-508-0508
Website: https://blackoakam.com/

The 8 Biggest Money Mistakes In Retirement Planning

In the complex world of retirement planning, there are countless pitfalls one could fall into. In this episode, we've distilled it down to what we believe are the top 5 mistakes to watch out for. Avoiding these crucial missteps can have a significant impact on the success of your retirement plan. So, join us as we delve into these key issues and learn how to navigate them effectively when it's your turn to plan for retirement.
 
Get your Retirement Coach 360 session:
Call: 470-508-0508
Website: https://blackoakam.com/