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Keen On Retirement

Insights Blog & Podcast

Focused insight on timely, relevant topics. Start planning your retirement. 


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How to Avoid Getting Caught Up in Financial Fraud  Thumbnail

How to Avoid Getting Caught Up in Financial Fraud

If you go back and skim the 200-plus episodes we've recorded of Keen on Retirement, you'll notice that every year or so, we devote an episode to the latest financial frauds and scams that are making the rounds. Especially as we head into tax season, it's important that folks remember the IRS, the Centers for Medicare and Medicaid Services, and the Social Security Administration are never, ever going to call you and ask for your banking info. We also regularly caution folks against clicking on suspicious emails or text message links, or making investments that seem too good to be true with the Bernie Madoffs of the world. On today's show, we talk about another type of financial "fraud" that's perfectly legal but potentially just as dangerous to your financial security: taking bad advice from unaccredited financial commentators and celebrities trying to further their own best interests, not yours.

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The Psychological Shift from Saving to Spending in Retirement Thumbnail

The Psychological Shift from Saving to Spending in Retirement

There's an old joke among financial advisors that part of our job is to help new retirees get comfortable taking more "SKI" Trips -- meaning, "Spend the Kids' Inheritance!" Many seniors who have worked hard and committed to a comprehensive financial plan retire with more money than they've ever had in their lives. We want those folks to feel safe and secure about their finances as they head into their Golden Years. But we also want them to have fun, pursue their passions, and explore opportunities for growth. To accomplish both goals -- security and enjoyment -- retirees should be aware that it can be difficult to shift from a savings mentality to an “it’s ok to spend even though I’m not receiving earned income anymore” mindset. My team at Keen Wealth focuses our spending conversations with retirees on these four important points.

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Retirement Planning Strategies for Managing Interest Rates, Investment Yields, and 529 Accounts Thumbnail

Retirement Planning Strategies for Managing Interest Rates, Investment Yields, and 529 Accounts

My team at Keen on Retirement has been hard at work analyzing the question that's top-of-mind for many of our listeners. And after crunching the numbers ... Yes, it looks like Taylor Swift will be able to attend the Super Bowl! She's scheduled to perform in Tokyo the night before our Chiefs take on the 49ers, but thanks to a 17-hour time difference -- and, presumably, a private jet -- we do expect to see Taylor in Las Vegas. All kidding aside, I'm especially excited for this round of listener questions. A couple of folks who have been with Keen Wealth for many

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7 Preventable Mistakes the Soon-to-Be Retired Often Make and How to Avoid Them Thumbnail

7 Preventable Mistakes the Soon-to-Be Retired Often Make and How to Avoid Them

My team at Keen Wealth has seen retirement play out just about any way you can imagine. We've celebrated with folks as they've clocked out for the last time. We've seen photos of dream vacations, new homes, and new grandbabies. And we've used our comprehensive planning process to help folks adjust to some major challenges, recalibrate the best path forward, and keep progressing toward long-term goals. Unfortunately, we've also seen folks fall short of their retirement goals, often because they tried to "go it alone" at the start of their retirement transitions. If 2024 is going to be the year that you finally retire, talk to your loved ones and your advisor about how you can steer clear of these seven preventable retirement errors and set up your Golden Years for success.

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Keen on Retirement at 200: Reflecting on Our Favorite Episodes Thumbnail

Keen on Retirement at 200: Reflecting on Our Favorite Episodes

At the end of 2023, the Keen on Retirement podcast crossed a significant milestone: 200 episodes. To put that number in context, less than half of the 460,080 active shows on Apple Podcasts reach episode 4. It's a real testament to the quality of our discussions, Keen Wealth Advisors' commitment to financial education, the dedication of my cohosts, and the support of our subscribers that Keen on Retirement is still going strong as we begin our 9th year. On today's show, my cohosts and I look back on our favorite episodes of Keen on Retirement and reflect on some of the common themes that connect our wide-ranging conversations about the economy, investing, comprehensive financial planning, retirement, and living well.

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Can You Retire Comfortably with $2 Million Saved? Thumbnail

Can You Retire Comfortably with $2 Million Saved?

According to a recent Charles Schwab survey, U.S. workers believe they'll need around $2 million to retire. Using the old 4% Rule for some back-of-the-napkin math, those retirees are expecting to withdraw about $80,000 their first year in retirement, with future withdrawals going up or down from there based on how much annual savings and investment returns replenish their assets. We also know in most cases there will be other income sources like social security or pension income. So, is $80,000 per year from your investment portfolio, give or take, enough to live on in retirement? That's a much more complicated question to answer than some folks realize. So many factors that affect retirement planning are in a state of constant flux – most of all, your life. A financial plan that's built around static numbers might not be able to adjust how and when you need it to. Let's talk about some of the variables that factor into Keen Wealth's comprehensive planning process and try to arrive at a more thorough analysis of a $2 million nest egg goal.

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