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Retirement Reality Podcast

Business & Economics Podcasts

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.

Location:

United States

Description:

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.

Language:

English


Episodes
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Can You Retire on $42/Month?

7/11/2024
Imagine retiring comfortably on just $42 per month—sounds too good to be true, right? Well, it’s exactly the assertion you might have seen in the headline of a recent article online. Here’s some of what we discuss in this episode: Read the article: https://www.fool.com/the-ascent/buying-stocks/articles/you-can-retire-on-4167-a-month-if-you-do-these-2-things/ To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:16:28

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Clearing Up Some Common Financial Half-Truths

6/27/2024
We hear a lot of half-truths in the financial world, not necessarily because people try to make misleading statements, but because sometimes a simple statement just doesn’t quite tell the whole story. Join Mike as he goes over some common financial half-truths to try and help clear some things up and put your mind at ease. Here’s some of what we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:20:12

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Take the Fork: Yogi Berra's Wisdom on Making Financial Choices

6/13/2024
In this episode, we’re diving into some famous words by the one and only Yogi Berra. You might know him for his legendary baseball career, but Yogi was also a goldmine of wisdom. So, what can we learn from Yogi about retirement planning? Here are some of the quotes we’ll unpack in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:16:22

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Retiree Insurance: The Basics You Must Know

5/30/2024
What types of coverage should you be considering for your golden years? What do you need to keep in mind as you prep for the transition? We’re going to walk you through the fundamentals in today's episode, covering health insurance, long-term care insurance, life insurance, and more. Here’s some of the mistakes we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:25:40

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Mistakes When Choosing A Financial Advisor

5/16/2024
In this episode, we’ll uncover the critical mistakes many make when choosing a financial advisor. We're cutting through the noise to highlight what often goes wrong- from misplaced trust in big names to overlooking the fine print. This episode is your essential guide to avoiding those pitfalls and making informed decisions that align with your financial goals. Here’s some of the mistakes we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:22:50

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Expectation vs. Reality: The Truth About Retirement Planning

4/25/2024
When we think of retirement, we often imagine endless days of relaxation, travel, and leisure. But how much of this is a dream versus reality? Today, we'll explore why a realistic approach to retirement, inclusive of financial planning and the potential for unexpected challenges, is crucial. Here’s some of what we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:18:19

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Retirement Questions That Younger Generations are Asking

4/11/2024
Each generation is currently navigating a unique part of the retirement planning experience. With many baby boomers preparing for the transition into retirement and the early half of Generation Z taking their initial steps into the career field, these major life events come with a handful of financial planning questions. In this episode, we're covering the retirement questions that Gen X, Millennials, and Gen Z are asking. Here’s some of what we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:28:52

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Retirement Questions Every Generation Is Asking (Baby Boomers)

3/28/2024
Each generation is currently navigating a unique part of the retirement planning experience. With many baby boomers preparing for the transition into retirement and the early half of Generation Z taking their initial steps into the career field, these major life events come with a handful of financial planning questions. Over the next few weeks, we’ll share insights into the unique concerns that echo across different age groups. We're starting this series with the baby boomer generation, as a majority of Mike's clients belong to this demographic. Here’s some of what we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:20:56

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How Is Technology Redefining Retirement Planning?

3/14/2024
Today we will unpack the toolbox of technology that's promising to redefine retirement planning, but does it deliver? This episode takes a critical look at the wave of innovations, from personal finance management software to online calculators, and questions whether they truly simplify the planning process or introduce new complexities. Here’s some of what we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:23:24

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How One Overlooked Issue Can Sink Your Retirement

2/22/2024
In today’s episode, we spotlight some of the single oversights that could send your dreams to the bottom. We'll share key strategies to plug the gaps, ensuring your financial ship stays buoyant and on course. Tune in to protect your future from the one mistake that could derail everything. Here’s some of what we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:18:24

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Retirement Planning Is Different For Women: Here’s Why

2/8/2024
In this episode, we’ll share some eye-opening statistics and actionable advice to empower women in their financial journey. From the persistent gender pay gap to the impact of caregiving responsibilities and higher debt burdens, this is why retirement planning is different for women. Here’s some of what we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:19:12

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With Higher Interest Rates, Is “Lazy Money” Still A Concern In 2024?

1/25/2024
Is 'Lazy Money' still a concern in 2024's higher interest rate landscape? In this episode, we explore this question, examining how the recent rise in interest rates affects the money sitting in savings accounts, CDs, and conservative investments. Here’s some of what we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:17:02

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Will The Economy Boom Or Bust In 2024?

1/11/2024
Everyone wants to know. Will the economy boom or bust in 2024? Join us as we explore a range of expert predictions, from the shifting trends in housing prices to the looming question of a potential recession or stock market crash. Here’s some of what we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:19:22

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Patience Pays: The Power of Delayed Gratification (Part 2)

12/28/2023
Sometimes it’s hard to make financial sacrifices when the reward might not be seen until several years in the future. Today we’ll talk about some of the situations where you might be inclined to take the immediate benefit, when you should really consider the delayed rewards. In part two of our discussion, we’re going to talk through four more situations which people commonly pick the option that gives them a benefit now. Many people aren’t making these choices intentionally so our goal is to help you understand why patience pays in these scenarios. Here’s some of what we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:19:34

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Patience Pays: The Power of Delayed Gratification (Part 1)

12/14/2023
Sometimes it’s hard to make financial sacrifices when the reward might not be seen until several years in the future. Today we’ll talk about some of the situations where you might be inclined to take the immediate benefit when you should really consider the delayed rewards. Here’s some of what we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:19:47

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Financial Tweaks That Matter: Small Steps, Big Impact

11/30/2023
Ever thought that minor tweaks in your financial plan could lead to major wins? In this episode, we're exploring the surprisingly powerful world of simple financial adjustments. From finding the right balance in your cash reserves to consolidating old 401Ks, we're unpacking those seemingly small steps that can bring about big, positive ripples in your financial life. Here are a few of the financial tweaks that we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:24:52

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End of Year Financial Planning For 2023

11/16/2023
We're nearing the end of the year, but it's not quite over yet! Join us for a thoughtful episode where we unpack our 2023 edition of key year-end planning strategies for those nearing or embracing their retirement years. Here’s some of what we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:21:44

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Money Mistakes You’ll Regret and How to Avoid Them

10/26/2023
Ever wish you could foresee financial missteps before they happen? On 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 are the mistakes we’re going to talk through: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:26:15

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Retirement Planning for High-Net-Worth Individuals

10/12/2023
In today's episode, we're taking a close look at high-net-worth individuals - those who have accumulated significant wealth and face unique challenges and opportunities when planning for retirement. Unlike the average person, their financial considerations go beyond the basics. We'll explore the distinct strategies and factors that come into play when securing a comfortable and prosperous retirement. Here’s some of what we discuss in this episode: To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:22:12

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Understanding RMDs: A Guide For Retirees & The Soon-to-Retire

9/28/2023
Are you over 55 and pondering retirement? Dive into the world of Required Minimum Distributions (RMDs) with us. In this episode, we demystify the reasons behind mandatory withdrawals from your retirement savings. Discover strategies to potentially avoid them and understand the risks of not preparing in advance. And for those fortunate to not rely on RMDs for income, we'll explore impactful ways to utilize those funds. We see people get caught off-guard by RMDs and the tax impact they have on retirement, so getting a jump on planning can go a long way. Here are some key topics to listen for in this episode: If you are interested in any of the topics we discussed, please reach out and we would be happy to help you navigate your financial situation. To get in touch with Mike, visit our website: http://principalpreservationservices.com

Duration:00:23:48