Your Retirement Elevated Podcast
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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.
Your Retirement Elevated Podcast
1w ago
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:
Why are people aged 60 and over common targets?
The top five scams that constitute 65% of the complaints.
The ‘Can You Hear Me’ scam that is easy to fall for.
What steps can you take to protect yourself and increase your cybersecurity?
Additional resources:
https://www.ncoa ..read more
Your Retirement Elevated Podcast
3w ago
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:
What are we talking about when we say, “lazy money?”
The current interest rate landscape + why people end up with too much lazy money in their portfolio
Addressing excess lazy money by calculating a "war chest,” understanding your income plan, and fine-tuning investments
Achieving a “Goldilocks” allocati ..read more
Your Retirement Elevated Podcast
1M ago
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 Well, our current retirement system is obsolete.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:
One of the concerning trends emerging right now is the lack of sufficient ..read more
Your Retirement Elevated Podcast
2M ago
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:
An increasing number of beneficiaries are expected to be liable for federal ..read more
Your Retirement Elevated Podcast
2M ago
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 epi ..read more
Your Retirement Elevated Podcast
3M ago
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:
Why being a time billionaire might be better than being a dollar billionaire.
The importance of protecting your time and what Scott has done to protect his.
Physical health and mental wealth go hand in hand.
Relationship wealth helps guard against the poverty of loneliness.
How to become wealthy in skills and how ..read more
Your Retirement Elevated Podcast
3M ago
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:
Songs for the early stages of retirement planning, where having a dream is a good place to start.
In retirement planning, having a financial professional and your loved ones by your side is crucial.
Songs to remind you that, in retirement planning, consistency and patience are key.
Songs that provide reas ..read more
Your Retirement Elevated Podcast
4M ago
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:
How to prepare for the climb with careful planning.
The climb represents the accumulation phase where you’re actively saving and investing.
The goals and milestones that you strive for before reaching the peak.
Preparing for the volatility that comes with the climb.
The descent or distribution phase requires just as much caution.
&n ..read more
Your Retirement Elevated Podcast
5M ago
Do you ever wish you could foresee financial missteps before they happen? On today’s episode, we’re going to explore some real-life stories of regret and arm you with the do’s and don’ts to ensure that your money is working for you and not against you.
Here’s some of what we’ll discuss in this episode:
What it could cost you to pull money out of your IRAs early.
People often fall into the trap of ‘lifestyle creep’ and will increase expenses as they make more money.
What options do you have to cover rising tuition costs so you don’t ruin retirement?
Getting out of the workforce too earl ..read more
Your Retirement Elevated Podcast
6M ago
Are you nearing “retirement age?” If so, let’s explore that pivotal question you’ll soon face: Should you retire or continue working? We’ll unravel the intricacies of this decision, addressing both financial and emotional aspects, and help you find out if you’re truly ready to retire.
Here's some of what we discuss in this episode:
The concept of retirement has evolved significantly over time, from a time when people worked until the end of their short lifespans to the modern idea of retirement with longer life expectancies.
The three categories of people looking for retirement advice ..read more