RetireMentorship with Freeman Linde, CFP®

CFP 4 - Tax Planning

Taxes are the largest expense you will pay. Let's plan to pay less!Tax preparation is filing your taxes after the year ends. It looks backward. Preparation is attempting the pay the least amount of taxes last year.Tax Planning is projecting your taxes for future years. It looks foward. Planning is attempting you pay the least amount of tax over your lifetime.RetireMentorship.com/28Need help finding a planner to conduct your insurance planning? Search for or be matched with one at WiserAdvisor.com. Ask the the questions from Episode 5. And stay tuned to RetireMentorship for more info on finding a good one. 
Enjoying the show? Sponsor it by becoming a RetireMember. For the price of a Latte a Week or a Latte a Month you can show your support and keep the show ad-free.Become a Member for a Latte a Week ($16/m)Become a Member for a Latte a Month ($4/m)Your support means a lot! Find out more at RetireMembership.com.If you have questions about this topic, message us on Facebook or email us at Questions@RetireMentorship.com. Or you can call us at 1 (855) 6-MENTOR (1-855-663-6867) and leave us a message.
Send us a Text Message.
Join our FREE membership community to receive exclusive content at RetireMembership.com.The content includes my book, 3D Retirement Income: Creating a Retirement Income that Outpaces Inflation, Outlives You, and Outperforms Others . (Available on Amazon.)Find my financial planning firm at LaxFP.com.Email us at Questions@RetireMentorship.com or call us at 1-855-6MENTOR.
This podcast is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this is not investment advice. Consult your financial, tax, and legal professionals for specific advice related to your specific situation. Never take investment advice from someone who doesn’t know you and your specific situation. All opinions expressed in this article are those of the people expressing them. Any performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be directly invested in.

ACTION: Get the Right Insurances

You can get the proper protect AND save money by evaluating and PLANNING your insurances, rather than simply being sold or taking the default option.Action steps for this week:1. Schedule a time to evaluate your Health Insurance options during Open Enrollment.2. Get Disability Income Insurance through a Broker3. Get Term Insurance through a Broker4. Evaluate your Home & Auto through a Broker5. Drop unnecessary coverage (see episode 20)This is easily $100/hr work, if not $500/hr. Get it done, or higher someone to do it for you. 
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Join our FREE membership community to receive exclusive content at RetireMembership.com.The content includes my book, 3D Retirement Income: Creating a Retirement Income that Outpaces Inflation, Outlives You, and Outperforms Others . (Available on Amazon.)Find my financial planning firm at LaxFP.com.Email us at Questions@RetireMentorship.com or call us at 1-855-6MENTOR.
This podcast is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this is not investment advice. Consult your financial, tax, and legal professionals for specific advice related to your specific situation. Never take investment advice from someone who doesn’t know you and your specific situation. All opinions expressed in this article are those of the people expressing them. Any performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be directly invested in.

CFP 3 - Insurance Planning

Creating your Insurance Plan is next. It's IMPORTANT, as you cannot recover from a six-figure set-back.It's ADVANTAGEOUS, as you may be able to find thousands in annual savings.Full article and visuals can be found at:RetireMentorship.com/27Need help finding a planner to conduct your insurance planning? Search for or be matched with one at WiserAdvisor.com. Ask the the questions from Episode 5. And stay tuned to RetireMentorship for more info on finding a good one. 
Enjoying the show? Sponsor it by becoming a RetireMember. For the price of a Latte a Week or a Latte a Month you can show your support and keep the show ad-free.Become a Member for a Latte a Week ($16/m)Become a Member for a Latte a Month ($4/m)Your support means a lot! Find out more at RetireMembership.com.If you have questions about this topic, message us on Facebook or email us at Questions@RetireMentorship.com. Or you can call us at 1 (855) 6-MENTOR (1-855-663-6867) and leave us a message.
Send us a Text Message.
Join our FREE membership community to receive exclusive content at RetireMembership.com.The content includes my book, 3D Retirement Income: Creating a Retirement Income that Outpaces Inflation, Outlives You, and Outperforms Others . (Available on Amazon.)Find my financial planning firm at LaxFP.com.Email us at Questions@RetireMentorship.com or call us at 1-855-6MENTOR.
This podcast is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this is not investment advice. Consult your financial, tax, and legal professionals for specific advice related to your specific situation. Never take investment advice from someone who doesn’t know you and your specific situation. All opinions expressed in this article are those of the people expressing them. Any performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be directly invested in.

ACTION: Create an Investing Plan

It's time to act! Improve your investing by investing in yourself. Invest in yourself by taking the time to plan. Action steps for this week:1. Listen to the early episodes to build your planning mindset2. Schedule a time to create and investing planCreating a plan takes work, and you are more likely to do it if you schedule it. Consider it $1,000/hr work! 
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Join our FREE membership community to receive exclusive content at RetireMembership.com.The content includes my book, 3D Retirement Income: Creating a Retirement Income that Outpaces Inflation, Outlives You, and Outperforms Others . (Available on Amazon.)Find my financial planning firm at LaxFP.com.Email us at Questions@RetireMentorship.com or call us at 1-855-6MENTOR.
This podcast is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this is not investment advice. Consult your financial, tax, and legal professionals for specific advice related to your specific situation. Never take investment advice from someone who doesn’t know you and your specific situation. All opinions expressed in this article are those of the people expressing them. Any performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be directly invested in.

CFP 2 - The Investing Plan

Having and Investing Plan is CRUCIAL to your lifetime success. And it can run in the background. Before creating an investing Plan, we'll want to know the purpose of investing and the drivers of lifetime investor success. Then we can examine the Seven Steps of Creating an Investing Plan.The full episode can be found at:
RetireMentorship.com/26View the long-term effects of your investing plan, get your accounts organized, calculate your net worth, and track your income and spending with RightCapital. Organize your financial files with OneDrive.Budget like a pro with YNAB (You Need a Budget). Need help finding an advisor to craft an Investment Plan? Search for or be matched with one at WiserAdvisor.com. Ask the the questions from Episode 5. And stay tuned to RetireMentorship for more info on finding a good one. 
Enjoying the show? Sponsor it by becoming a RetireMember. For the price of a Latte a Week or a Latte a Month you can show your support and keep the show ad-free.
Become a Member for a Latte a Week ($16/m)
Become a Member for a Latte a Month ($4/m)
Your support means a lot! Find out more at RetireMembership.com.
If you have questions about this topic, message us on Facebook or email us at Questions@RetireMentorship.com. 
Or you can call us at 1 (855) 6-MENTOR (1-855-663-6867) and leave us a message.
Send us a Text Message.
Join our FREE membership community to receive exclusive content at RetireMembership.com.The content includes my book, 3D Retirement Income: Creating a Retirement Income that Outpaces Inflation, Outlives You, and Outperforms Others . (Available on Amazon.)Find my financial planning firm at LaxFP.com.Email us at Questions@RetireMentorship.com or call us at 1-855-6MENTOR.
This podcast is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this is not investment advice. Consult your financial, tax, and legal professionals for specific advice related to your specific situation. Never take investment advice from someone who doesn’t know you and your specific situation. All opinions expressed in this article are those of the people expressing them. Any performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be directly invested in.

ACTION: GO, Net, Flow

Don't merely know information. Believe in its ability to help you.Don't merely believe.  ACT!Every piece of the financial planning process will be easier if complete these steps. Visit RetireMentorship.com/25 for full list of actions. Schedule 30-60 minutes to complete the following actions:1. Connect Accounts to RightCapital2. Organize Files with OneDrive3. Take the Financial Planning Score Quiz
Send us a Text Message.
Join our FREE membership community to receive exclusive content at RetireMembership.com.The content includes my book, 3D Retirement Income: Creating a Retirement Income that Outpaces Inflation, Outlives You, and Outperforms Others . (Available on Amazon.)Find my financial planning firm at LaxFP.com.Email us at Questions@RetireMentorship.com or call us at 1-855-6MENTOR.
This podcast is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this is not investment advice. Consult your financial, tax, and legal professionals for specific advice related to your specific situation. Never take investment advice from someone who doesn’t know you and your specific situation. All opinions expressed in this article are those of the people expressing them. Any performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be directly invested in.

CFP 1 - GO, Net, Flow

The first steps in creating financial plan are GO, Net, Flow. That is:1. Get Organized2. Net Worth3. Cash FlowThe full episode can be found at:
RetireMentorship.com/25Get your accounts organized, calculate your net worth, and track your income and spending with RightCapital. Organize your financial files with OneDrive.Budget like a pro with YNAB (You Need a Budget). Need help finding an advisor to craft an Investment Plan? Search for or be matched with one at WiserAdvisor.com. Ask the the questions from Episode 5. And stay tuned to RetireMentorship for more info on finding a good one. 
Enjoying the show? Sponsor it by becoming a RetireMember. For the price of a Latte a Week or a Latte a Month you can show your support and keep the show ad-free.
Become a Member for a Latte a Week ($16/m)
Become a Member for a Latte a Month ($4/m)
Your support means a lot! Find out more at RetireMembership.com.
If you have questions about this topic, message us on Facebook or email us at Questions@RetireMentorship.com. 
Or you can call us at 1 (855) 6-MENTOR (1-855-663-6867) and leave us a message.
Send us a Text Message.
Join our FREE membership community to receive exclusive content at RetireMembership.com.The content includes my book, 3D Retirement Income: Creating a Retirement Income that Outpaces Inflation, Outlives You, and Outperforms Others . (Available on Amazon.)Find my financial planning firm at LaxFP.com.Email us at Questions@RetireMentorship.com or call us at 1-855-6MENTOR.
This podcast is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this is not investment advice. Consult your financial, tax, and legal professionals for specific advice related to your specific situation. Never take investment advice from someone who doesn’t know you and your specific situation. All opinions expressed in this article are those of the people expressing them. Any performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be directly invested in.

ACTION: Find your Financial Planning Score

Don't merely know information. Believe in its ability to help you.Don't merely believe.  ACT!Before you know if you need to create a financial plan, you should know your Financial Planning Score.Take the Quiz to get your score. If you score an A, you have already completed your financial planning and are working the plan. Anything less, and there is work you can do to improve your finances and your life. It takes 10-15 minutes to complete. No email address required. 
Send us a Text Message.
Join our FREE membership community to receive exclusive content at RetireMembership.com.The content includes my book, 3D Retirement Income: Creating a Retirement Income that Outpaces Inflation, Outlives You, and Outperforms Others . (Available on Amazon.)Find my financial planning firm at LaxFP.com.Email us at Questions@RetireMentorship.com or call us at 1-855-6MENTOR.
This podcast is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this is not investment advice. Consult your financial, tax, and legal professionals for specific advice related to your specific situation. Never take investment advice from someone who doesn’t know you and your specific situation. All opinions expressed in this article are those of the people expressing them. Any performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be directly invested in.

Creating a Financial Plan 0: 5Cs

You need a financial plan. How do you Create a Financial Plan?First we need to cover WHO is creating the plan.Whether you are a DIYer intent on creating your own Financial Plan, or a Delegator looking to hire someone to create it, You/They need 5 Cs to be qualified to make that plan.1. Competence2. Capacity3. Commitment4. Contentment5. CharacterThe full episode can be found at:
RetireMentorship.com/24Need help finding an advisor to craft an Investment Plan? Search for or be matched with one at WiserAdvisor.com. Ask the the questions from Episode 5. And stay tuned to RetireMentorship for more info on finding a good one. 
Enjoying the show? Sponsor it by becoming a RetireMember. For the price of a Latte a Week or a Latte a Month you can show your support and keep the show ad-free.
Become a Member for a Latte a Week ($16/m)
Become a Member for a Latte a Month ($4/m)
Your support means a lot! Find out more at RetireMembership.com.
If you have questions about this topic, message us on Facebook or email us at Questions@RetireMentorship.com. 
Or you can call us at 1 (855) 6-MENTOR (1-855-663-6867) and leave us a message.
Send us a Text Message.
Join our FREE membership community to receive exclusive content at RetireMembership.com.The content includes my book, 3D Retirement Income: Creating a Retirement Income that Outpaces Inflation, Outlives You, and Outperforms Others . (Available on Amazon.)Find my financial planning firm at LaxFP.com.Email us at Questions@RetireMentorship.com or call us at 1-855-6MENTOR.
This podcast is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this is not investment advice. Consult your financial, tax, and legal professionals for specific advice related to your specific situation. Never take investment advice from someone who doesn’t know you and your specific situation. All opinions expressed in this article are those of the people expressing them. Any performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be directly invested in.

ACTION: TDFs are Dangerous

Don't merely know information. Believe in its ability to help you.Don't merely believe.  ACT!Target Date Funds are the Bing of investment options. They may be the default, but they are not the best. Here are you action items:
Check your Retirement Plan (and your spouses) to see if you have any TDFs.
If you are not close to retirement, but your parents are, ask them if they have TDFs. TDFs are most dangerous to this group. (Pass this episode along if they do.)
Schedule a time to get an Investing Plan. (Set a reminder or alarm right now if you don't have time to put it on the calendar.) 
Send us a Text Message.
Join our FREE membership community to receive exclusive content at RetireMembership.com.The content includes my book, 3D Retirement Income: Creating a Retirement Income that Outpaces Inflation, Outlives You, and Outperforms Others . (Available on Amazon.)Find my financial planning firm at LaxFP.com.Email us at Questions@RetireMentorship.com or call us at 1-855-6MENTOR.
This podcast is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this is not investment advice. Consult your financial, tax, and legal professionals for specific advice related to your specific situation. Never take investment advice from someone who doesn’t know you and your specific situation. All opinions expressed in this article are those of the people expressing them. Any performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be directly invested in.