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Your Retirement Elevated Podcast with Scott Dougan

Markets and Investing

Financial and retirement planning guidance from Kansas City‘s Scott Dougan of Elevated Retirement Group. Scott Dougan founded Elevated Retirement Group in 2003 in order to fill a niche he felt was not being addressed properly in the retirement planning environment – helping retirees and pre-retirees in the Kansas City metro area find answers to issues that may affect the quality of life during their retirement. Scott is a Registered Financial Consultant (RFC) and holds a Series 65 Investment Adviser Representative license, which holds him to the fiduciary standard. He also holds insurance licenses in Kansas, Missouri and other states.

Location:

United States

Description:

Financial and retirement planning guidance from Kansas City‘s Scott Dougan of Elevated Retirement Group. Scott Dougan founded Elevated Retirement Group in 2003 in order to fill a niche he felt was not being addressed properly in the retirement planning environment – helping retirees and pre-retirees in the Kansas City metro area find answers to issues that may affect the quality of life during their retirement. Scott is a Registered Financial Consultant (RFC) and holds a Series 65 Investment Adviser Representative license, which holds him to the fiduciary standard. He also holds insurance licenses in Kansas, Missouri and other states.

Language:

English

Contact:

9193781410


Episodes
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Protect Your Information: Our Cybersecurity Event with Ryan Fickel

7/18/2024
In today’s digital age, cybersecurity has become a critical concern for everyone, especially those planning for retirement. In this special edition of Your Retirement Elevated we’re sharing a video replay of our recent cybersecurity event with expert Ryan Fickel. Ryan is the Chief Technology Officer and Chief Information Security Officer at Advisors Excel and will be working closely with our team moving forward. This presentation covers a wide range of cybersecurity threats, from phishing attacks to ransomware and the growing dangers posed by AI. Don’t miss this helpful advice on how to stay vigilant against these attempts. Here’s what we cover in this episode: 0:00 – Intro 3:48 – Where do threats come from? 8:12 – The fundamentals and preventative measures 18:28 – Phishing techniques getting more advanced 20:49 – Credit monitoring services 29:05 – Antivirus software, Windows11, wireless routers 37:22 – Credit card, identity, and password theft 42:31 – Precautions when using AI 53:51 – Q&A session Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky

Duration:01:08:44

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Don’t Let the IRS End Up With Your Retirement Money

7/11/2024
The truth about retirement planning is that many people need a reality check when it comes to taxes and the impact they will have on their retirement money. Today we’re going to turn our attention to tax planning and how to keep most of your money from going to the IRS instead of the things you want to spend it on in retirement. Here’s what we cover in this episode: 0:00 – Intro 2:40 – Taking money out prior to 59.5 3:58 – Enhanced creditor protection 7:35 – 3 ways to move your money 11:22 – What happens if something gets messed up Get the Retirement Rollover Reality Check PDF: https://listentoscott.com/wp-content/uploads/2024/07/Rollover-Reality-Check-PDF-FOR-THE-WEB.pdf Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky

Duration:00:15:11

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Mastering The 5 Key Areas of Your Financial Life

7/2/2024
What does a complete financial plan really look like? You’ve spent decades working hard, saving diligently, and now the golden years are on the horizon. But have you covered all of your bases? Listen in as Scott walks us through the 5 key areas of a complete financial plan in today’s episode- income planning, investment planning, tax planning, healthcare planning, and legacy/estate planning. Here’s what we cover in this episode: 0:00 – Intro 0:33 – Overview of the 5 key areas 6:20 – Income planning 9:00 – Investment planning 11:52 – Tax planning 16:48 – Healthcare planning 19:15 – Legacy and Estate planning The 3 Stages of Retirement Episode https://listentoscott.com/video-podcasts/the-3-stages-of-retirement/ The 5 Key Areas of a Complete Financial Plan PDF https://drive.google.com/file/d/1D6L8ZwZL0vyy5m3LbsCrXHC6_2QadcQt/view?usp=sharing Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky

Duration:00:25:11

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Am I At Risk of Having My Identity Stolen or Being A Victim of Fraud?

6/27/2024
Today we’re going to cut through some of the fear by identifying the most common financial scams so you know what to be on the lookout for. We’ll also give you some tangible actions to take today to help safeguard your accounts. Are you at risk of having your identity stolen or becoming of fraud? We’ll break it all down with Scott in this video. Here’s what we cover in this episode: 0:00 – Intro 1:44 – Big interest in this topic 5:52 – Cyber threats 12:46 – Social media 14:30 – Common scams 17:30 – Upcoming event Register for our July 10th cyber security event: https://keap.page/bu413/cyber-security-event.html?inf_contact_key=d984fd0f0a859add734228f5a3da8c52 Listen to our previous episode on cybersecurity: https://listentoscott.com/podcasts/practical-strategies-for-protecting-retirees-against-scams-fraud/ Download the cybersecurity checklist: https://listentoscott.com/wp-content/uploads/2024/06/PDF-Download-for-Website-Cyber-Security-Checklist.pdf Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky

Duration:00:22:28

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7 Habits for Living an Exceptional Retirement

6/20/2024
Most people think retirement planning is all about the numbers. Will the assets I have accumulated – 401k/IRA, Social Security, real estate, pension, etc. – provide enough income in retirement to fund my lifestyle? Once you reach retirement, you’ll quickly realize there’s much more to preparing for the next chapter of life. Today we’re going to share seven habits that studies show can improve your satisfaction in retirement. Here’s what we cover in this episode: 0:00 – Intro 4:55 – #1: Work at staying healthy 8:07 – #2: Strong social connections 9:18 – #3: Sense of purpose 10:49 – #4: Never stop learning 14:30 – #5: Be optimistic 17:50 – #6: Practice mindful gratitude 20:20 – #7: Have a pet Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724

Duration:00:26:54

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The 3 Stages of Retirement

6/13/2024
Retirement is a journey, and like any journey, it has its phases. Understanding these phases is crucial to ensure that you can enjoy your golden years without financial stress. In this episode, we’ll take you through the the essential stages of retirement planning: the go-go, slow-go, and no-go years. Understanding these three stages will help you effectively manage your finances as you determine how much income you’re going to need along the way. This often overlooked dynamic of retirement planning will help ensure a comfortable and secure retirement so let’s take a closer look at each phase. Here’s what we cover in this episode: 0:00 – Intro 3:30 – An overview of spending 8:19 – Spending by age data 15:40 – Longevity planning 19:18 – Rhino story Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky

Duration:00:21:57

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Celebrating the Launch of our Brand New Book

5/23/2024
The long process of writing a book has finally wrapped up for Scott and we’re excited to be rolling it out very soon. In anticipation of the launch of Exceptional Retirement: Tools and Strategies for Retiring On Your Own Terms, we wanted to share some background on the book, the chapters that we think you’ll like most, and the personal stories that influenced our approach. Our approach is all about personalizing your retirement, which is why we emphasize that every individual has unique needs, desires, and challenges when it comes to retirement. The book addresses the four fundamental questions that haunt future retirees: When can I retire? Do I have enough money? Will my money last? And, am I going to be okay? Join us for another episode of the show and find out everything you need to know about the book. Here are some of the questions we’ll tackle in this episode: Check out the book and get your free toolkit here: https://keap.page/bu413/toolkit-page-1715718291057.html

Duration:00:26:33

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Retirement Questions That Every Generation Should Be Asking

5/2/2024
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 today’s episode, we’ll share insights into the unique concerns that echo across different age groups. These are the retirement questions that every generation is asking. Here’s some of what we’ll tackle in this episode: Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724

Duration:00:31:52

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Embracing the Unexpected: 9 Retirement Surprises Unveiled

4/18/2024
Are you prepared for the unexpected turns your retirement might take? In this episode of Your Retirement Elevated Podcast with Scott Dougan, we explore the surprising findings from a study by the Transamerica Center for Retirement Studies. The study reveals a stark contrast between pre-retiree expectations and retiree realities, and we're here to explore the nine most common retirement surprises that await. One of the most comforting surprises is that many retirees worry less about money than they anticipated. It seems that once the retirement plan kicks into action, the stress over finances begins to wane. This is a heartening revelation for those lying awake at night fretting over their financial future. The takeaway from our episode is clear: retirement requires planning, flexibility, and an open mind. Whether it's adjusting travel plans or having those tough financial conversations, being prepared for the unexpected is key to a fulfilling retirement. Here are some of the questions we’ll tackle in this episode: - Why do retirees worry less about money and how does planning play a role? - What causes many to retire sooner than expected and how abrupt is the transition? - How does the reality of travel in retirement differ from the expectation? - Why is discussing finances still taboo and what impact does that have on legacy planning? - Do most retirees wish they had saved more, and what can you learn from their experiences? Resources for this episode: The Retirement Manifesto’s 9 Retirement Surprises https://www.theretirementmanifesto.com/9-retirement-surprises/ Transamerica Center for Retirement Studies https://www.transamericacenter.org/ Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724

Duration:00:25:00

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Conquer FOBO: Making Decisions with Confidence

4/4/2024
Ever found yourself endlessly scrolling through options, unable to make a choice? You might be falling into the trap of FOBO: Fear of Better Options. It’s ​a ​psychological ​phenomenon ​where ​someone ​avoids ​making ​a ​decision ​out ​of ​the ​fear ​that ​there ​may ​be ​a ​better ​option ​out ​there. ​How ​can ​we ​identify ​it ​and ​work ​with ​it ​and ​make ​better ​decisions ​and ​actually ​get ​to ​the ​decision ​point? That’s what we want to discuss with Scott today. Here are some of the questions we’ll tackle in this episode: Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724

Duration:00:21:17

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The Shift from Saving to Spending Money

3/21/2024
Are you ready to flip the switch from saving to spending as you approach retirement? Many people struggle with the transition and mindset shift that happens in retirement. In this episode, we’ll explore the delicate balance between money, happiness, and the art of spending wisely in your golden years. It's packed with insights on the psychological shift required to enjoy the fruits of your labor, the impact of past experiences on spending habits, and how to use money as a tool for a better life rather than a measure of status Here are some of the questions we’ll tackle in this episode: Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724

Duration:00:22:31

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Practical Strategies for Protecting Retirees Against Scams & Fraud

3/7/2024
On today's episode, we're going talk about scams and how they are more prevalent than you might think. In fact, just in 2022, there were more than 88,000 complaints of fraud that resulted in more than $3 billion in losses from people age 60+. Here are some of the questions we’ll tackle in this episode: Additional resources: https://www.ncoa.org/article/top-5-financial-scams-targeting-older-adults https://www.ncoa.org/article/how-older-adults-can-improve-their-personal-cyber-security Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724

Duration:00:27:37

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

2/22/2024
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 what we discuss in this episode: Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724

Duration:00:13:43

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Peak 65: Preparing for the Largest Retirement Surge Ever

2/1/2024
Today's magic number is 65. You know, unlike older retired Baby Boomers, the majority of peak 65ers don't have pensions, which used to help fill that gap left by Social Security. Well, our current retirement system is obsolete. It's time for a new retirement security framework. These were the words of Jason Fitchner, an executive director at the ALI Retirement Income Institute, and it highlights a great conversation that we're going to dive into today. Here are some of the questions we’ll tackle in this episode: Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724

Duration:00:25:02

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Biggest Changes for Retirement in 2024

1/18/2024
With inflation adjustments and the phased implementation of the SECURE Act 2.0, there are some important retirement planning changes to pay attention to this year. From potential tax implications on Social Security benefits to alterations in retirement account rules, higher Medicare expenses, increased IRA contribution limits, and shifts in required minimum distributions (RMDs), this episode offers a comprehensive overview of what lies ahead for retirees in 2024. Here’s some of what we discuss in this episode: Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724

Duration:00:20:40

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Focus on Systems Instead of Resolutions in 2024

1/4/2024
Happy New Year! Today we’re tossing the old hat of resolutions out the window, opting for something with a little more staying power: systems. Say goodbye to the fleeting motivation of New Year's resolutions and embrace the profound impact of incremental habits for long-term success in health, wealth, and personal growth. This episode draws on the life-changing principles of Atomic Habits by James Clear and is filled with personal anecdotes, actionable advice, and a practical guide to cultivating a lifestyle of consistent progress. Here are some of the questions we’ll tackle in this episode: Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724

Duration:00:32:13

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The 5 Types of Wealth & Why People Chase Only One at the Cost of Others

12/21/2023
What would you pay to have the freedom to do what you want, when you want, how you want? On today's episode, we're going to talk about the five types of wealth and why people chase only one at the cost of the others. Here are some of the questions we’ll tackle in this episode: Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724

Duration:00:46:36

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The Ultimate Retirement Planning Mixtape

12/7/2023
Get ready to rock to the rhythms of retirement wisdom in this week’s episode! We've put together the ultimate retirement planning playlist, featuring timeless lyrics that reflect various stages of the planning journey. Here’s how we’ll craft the perfect mixtape in this episode: Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724

Duration:00:26:08

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How To Successfully Climb The Retirement Mountain

11/16/2023
Ready for an adventure? Think of retirement planning as climbing a mountain. It's not just about the climb up; it's about preparing wisely, tackling the ups and downs, and even planning your way back down. Here’s some of what we’ll discuss in this episode: Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724

Duration:00:18:00

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Latest Updates to Medicare with Cortney Dale

11/3/2023
We’re bringing you a special edition of the podcast today as we welcome Cortney Dale, CEO of Sunflower Insurance Solutions, to lead us through the latest updates on Medicare! She’ll discuss what's crucial for you to know as we approach 2024 and answer common questions that will help you make informed decisions about your Medicare elections in the months and years ahead. Listen in as she breaks down its four parts (A,B,C,D) and how they work together, coverage, enrollment periods, and more! Here’s some of what we discuss in this episode: Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724

Duration:00:24:39