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Retire Ready with Kyle Hammerschmidt

Business & Economics Podcasts

Make sure you can Retire Ready with Kyle Hammerschmidt, the President of MOKAN Financial in Overland Park, KS. Kyle will teach you on each episode how to properly plan for retirement and your financial future. Learn about IRAs, 401ks, pensions, Social Security, and much more. Contact Kyle with any questions at https://mokanwealth.com or by calling 913-257-3991.

Location:

United States

Description:

Make sure you can Retire Ready with Kyle Hammerschmidt, the President of MOKAN Financial in Overland Park, KS. Kyle will teach you on each episode how to properly plan for retirement and your financial future. Learn about IRAs, 401ks, pensions, Social Security, and much more. Contact Kyle with any questions at https://mokanwealth.com or by calling 913-257-3991.

Language:

English

Contact:

9193781410


Episodes
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Hiring A Financial Advisor: The 6 Biggest Mistakes to Avoid

4/9/2024
Summary In this conversation, Kyle and Kolin discuss the mistakes people make when hiring a financial advisor. They highlight 6 key mistakes and provide advice on how to avoid them. The mistakes include ignoring the importance of tax planning, not having a strategic investment plan, confusing fee-based and fee-only advisors, focusing on investments before comprehensive planning, relying on big financial firms for guidance, and not seeking a customized retirement plan. The conversation emphasizes the need for a clear understanding that not all financial advisors are created equal and encourages listeners to make informed decisions when deciding to partner with a financial advisor. Takeaways Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:19:20

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Mailbag: Should I Take Social Security Now Or Wait Until I’m Done Working?

1/22/2024
This week on the show, we’re diving into the mailbag to answer some recent listener questions that have landed in Kyle’s inbox. He will share his thoughts on these inquiries and share helpful tips for those of you who might’ve found yourself in a similar situation. Stay tuned to see what you can learn! Here are the questions we tackle in today’s show: Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:14:22

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Money Mistakes You'll Regret and How to Avoid Them

11/2/2023
“Learn from the mistakes of others. You can’t live long enough to make them all yourself.” – Eleanor Roosevelt… Ever wish you could foresee financial missteps before they happen? In today’s episode explore some real-life stories of regret and arm yourself with the essential dos and don'ts to ensure your money works for you, not against you. Here’s some of what we discuss in this episode: Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:16:00

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Retirement Planning’s “Hidden” Questions

10/19/2023
The retirement planning world is filled with plenty of advice and suggestions, but there are critical questions lurking in the shadows – the unasked, the overlooked. These are the questions that can help define the comfort and security of your retirement future. In this episode, we unearth and tackle these hidden, but essential questions about retirement. Here’s some of what we discuss in this episode: We hope you enjoy the show! Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:14:03

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Are There Universal Retirement Truths? (PART 2)

9/28/2023
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? We’ve split this list of 10 truths into two episodes, and part one focused on income planning, long-term care, investing, longevity and inflation. Today we close out the final five retirement truths by covering investing guidance, taxes, working in retirement, and estate planning. Here are the truths we’ll discuss in this episode: We hope you enjoy the show! Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:14:38

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Are There Universal Retirement Truths? (PART 1)

9/14/2023
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 in this episode, where we juxtapose the individuality of retirement plans with the foundational principles that remain consistent across the board. We’ve broken it down into a list of 10 truths and we’ll tackle the first five in part one today. Here are the truths we’ll discuss in this episode: We hope you enjoy the show! Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:12:58

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Exposing Retirement Planning Complaints

8/17/2023
In this episode, we’re tackling some common complaints and fears that can arise during the retirement planning process. These complaints often include concerns about advisors taking too much risk, dissatisfaction with account growth, high fees, worries about Social Security not being enough to retire on, and more. We'll discuss which concerns are well-founded, which are based on misconceptions, and offer insight on how retirees can best navigate their financial future. Here are some key takeaways from this episode: We hope you enjoy the show! Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:15:29

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Breaking Up is Hard: Navigating the Transition to a New Financial Advisor

8/3/2023
In today's episode, we'll explore the sensitive and significant process of transitioning from one financial advisor to another. We'll cover how to recognize when your current advisor may no longer be serving your financial needs effectively, the right questions to ask, and crucial factors to consider when searching for a new financial partner. Join us as we explore the value of finding an advisor who aligns with your financial goals, offers personalized strategies, and provides emotional support for your retirement journey. Remember, retirement planning requires thoughtful consideration, so don't hesitate to make the change that will secure your financial future. Here are some key takeaways from this episode: Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Licensed Insurance Professional. We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. Investing involves risk, including possible loss of principal. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. We are not affiliated with any government agency. Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:14:50

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Bad Money Habits Could Spoil Your Retirement Party

7/6/2023
Picture this: You're at your retirement party, finally ready to enjoy your golden years, but worries caused by some bad money habits have robbed you of fully enjoying the sweetness of the day. It happens to more people than you think, which is unfortunate because, with just a little bit of modification, you can rid some of the worst money habits from your life and set yourself up for retirement success. Here's what we’ll discuss on today’s show: (1:57) (5:12)(7:38) (9:33)12:03) Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:17:01

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

6/22/2023
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). Here's what we’ll discuss on today’s show: (2:10) (3:48) (5:18)(9:42) Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:12:38

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Dismantling 2023’s Top 10 Social Security Myths (Part 2)

5/25/2023
We’ll be debunking common myths about Social Security and answering the questions you might be curious about. Since we have a list of 10 to break down, we’ll divide it up into two episodes so make sure you check out both. In part two, we’ll focus on who is eligible for benefits, how they get calculated, and how working will affect your benefit. Here are the myths we’ll discuss today: (1:30) (4:35)(6:11)(7:36)(8:50)Check out part one here: https://mokanwealth.com/2023/05/11/dismantling-2023s-top-10-social-security-myths-part-1/ Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:13:23

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Dismantling 2023’s Top 10 Social Security Myths (Part 1)

5/11/2023
In this episode, we'll be debunking common myths about Social Security and answering the questions you've been curious about. Since we have a list of 10 to breakdown, we’ll divide it up into two episodes so make sure you check out both. Here are the myths we’ll discuss today: (2:17) (4:26)(6:09)(8:03)(10:56) Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:13:30

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Retirement Savings Basics: What’s The Purpose Of All My Accounts?

4/27/2023
Are you aware that not all retirement accounts are created equal? It's crucial to understand the purpose and advantages of each type of account to make the best choice for your future. In this episode, we'll delve into the different types of retirement accounts, including 401(k)s, IRAs, Roths, and several other examples. Here are a few examples of what we’ll discuss today: Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:17:48

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Top Ten Tax Questions For Retirees In 2023

4/26/2023
Retirement can come with a lot of tax questions and concerns. From understanding the tax implications of withdrawing from your retirement accounts to minimizing taxes on investment income, it can be overwhelming. In today’s episode, we’ll break down the top ten tax questions retirees are asking in 2023. Join us today as we discuss these things: Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:16:54

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The Smart Tax Roadmap

3/17/2023
Today, we're walking you through "The Smart Tax Roadmap" – six steps to building a tax-efficient retirement plan. Ultimately, we'll help show you how your different types of retirement income are taxed in different ways. Here's an overview of the steps: We hope you enjoy the show! Investment advisory services offered by duly registered individuals through CreativeOne Wealth, LLC a Registered Investment Advisor. CreativeOne Wealth, LLC and MOKAN Wealth Management are unaffiliated entities. Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:18:39

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The 5 Effects of Roth Conversions

3/10/2023
A Roth conversion is a process of moving funds from a traditional Individual Retirement Account (IRA) or a qualified retirement plan (like a 401k) to a Roth IRA. This conversion means that the account holder will owe income taxes on the converted amount, but once the conversion is complete, all future earnings and withdrawals from the Roth IRA will be tax-free. This can be a useful strategy for people who believe they may be in a higher tax bracket in the future or want to have tax-free retirement income. We discuss the 5 effects of Roth conversions and how they can play into a tax-efficient retirement plan.Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:13:19

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Mailbag: Should I Pay Off My Mortgage Before Buying Rental Properties?

8/18/2022
We answer some listener questions on today's episode. We will talk about if using your commissions is a good retirement saving strategy, being tax efficient, and if you should pay off your mortgage before investing in rental properties. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/ Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:14:00

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Planning For Retirement’s Uncertainties

8/4/2022
There are many things that we know we’ll have to deal with in retirement, we just don’t know how to predict when or to what degree. How do you construct a plan that deals with the unpredictability of these different factors? Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/ Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:13:54

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Are You A Risk Taker? How To See If Your Tolerance For Risk Matches Your Plan

7/7/2022
Let’s see if your tolerance for risk matches your financial plan. What should you do if that balance is out of whack? What if you’re a natural risk taker, but you really shouldn’t be when it comes to your finances? We’ll explore all of these angles as we break down the role of risk in your financial and retirement plan. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/ Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:16:40

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Spotting Red Flags When Picking An Advisor

6/23/2022
Do you know what red flags, but also some good signs, to be on the lookout for when you’re searching for an advisor to work with as you prepare for retirement? On this episode, we’ll give you some red flags to be aware of, and teach you how to spot them. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/ Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Looking for personalized financial planning? Visit our website Disclosure: MOKAN Wealth Management is a registered investment adviser with the state of Kansas and Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services.

Duration:00:13:32