What do YOU view as your most substantial asset that allows you to live the life you want to live on a daily basis?
In this episode, Josh Leonard talks about the road you have to follow once your paychecks stop coming in. Is your life going to run the same? How do you feel confident in your bank account when that number stops increasing? Where is all your money going to come from? Josh alleviates all of these stressors in detail.
Josh discusses:
How life expectancy can determine the plan you create for your retirement
The ins and outs of pension planning
Some ways you can keep a consistent income source during retirement that does not limit you to a 9-5 job
The Secure Act 2.0 was signed into place on December 23, 2022. This opens several new strategies you can dip into, in order to save for your retirement and/or fund important goals such as education.
In this episode, Josh Leonard discusses the number of changes this act has brought forward to us so that we can save more money more efficiently. Whether you are in the planning stage of your retirement or are looking into the future to understand how to further your savings, this episode will help you move forward.
Josh discusses:
What this act means for people under or over the age of 72
Changes in required minimum distributions and how the reduction penalty has lowered
The increase in catch-up contribution amount for different plans
The ability to roll leftover 529 funds into a Roth IRA tax and penalty-free
How you can more effectively donate to charities of your choice
What is your biggest fear? Many times our fears don’t align with our biggest risks. Market risk has been on the top of everyone’s mind but that is not the only risk we need to worry about in retirement.
In this episode, Josh Leonard discusses what risks you should be wary of when preparing and in retirement. Due to the recent market activity, everyone’s been worried about the stock market, but that might not be the biggest risk you might be facing in your financial life.
Josh discusses:
Common risks we might not be aware of in retirement
How current tax cuts will affect your portfolio in the next few years
Longevity risk and how that ties into your retirement plan
Isn’t that always how it goes? Most of us set some goals but fall off the wagon not too long after. We get it.
In this episode, Josh Leonard talks about the challenges of staying accountable and on track with your New Year’s resolutions. He shares some tips and tricks for how to overcome these VERY common challenges.
Josh discusses:
His New Year resolutions and how he plans to stay on track for achieving them
The SMART goals framework, how it works and why it works
The importance of staying accountable to achieve your goals
Some creative ways to make goal-setting a fun process
Looking for last-minute gift ideas for your Grandkids? Look no further! Although they might be looking for fun toys, it might be time to offer them the gift that keeps on giving; a solid financial foundation.
In this episode, Josh Leonard is joined by Bill Leonard, father and founder of the Leonard Advisory Group. As the holiday season is sneaking up on us, it might be time to start thinking about some non-traditional gifts you can offer your children. These gifts can aid in the stability of their financial future, whether that is opening a savings account for them or offering aid through goal setting.
Josh and Bill discuss:
Ways to incentivize savings accounts among younger children
Some out-of-the-box gift ideas you can offer your children or grandchildren that can help their financial future
Some teachable moments that come from fun experiences
How to help your children understand the idea of savings
William Leonard founded Leonard Advisory Group to fill in the gaps he saw when helping his mother plan for retirement. Bill focused much of his career on the insurance and annuity industry. As an independent advisor, he helped thousands of retirees and pre-retirees face the financial challenges that lie ahead with confidence. Since 1996, Bill has worked in a variety of capacities, gaining valuable experience with insurance. In 2007, he became an independent consultant, focusing on income protection and retirement planning. Bill was an honorary host of the “Protecting Your Profits” radio show on 94.5 3WS Pittsburgh and a weekly guest on the national broadcast “Financial Safari” radio show heard locally on NewsTalk 104.7 FM. He has also been featured on WISR 680 AM and WORD FM. In his free time, Bill enjoys traveling, boating, skiing, hiking, biking, restoring antique vehicles, and spending quality time with family, friends, and clients. He has been married to his wife, Cindy, for almost 40 years. They have three children: Zach, Josh, and Zoey, as well as a crazy border collie named Sweep. After over 25 years of assisting families transition into retirement Bill is excited to transition himself into retirement at the end of 2022.
As we get our front porches wrapped with spider webs and observe the leaves changing colors, it might be a good time to take one step forward in your retirement planning.
In this episode, Josh Leonard discusses some tricks and treats for retirement along with all the planning that goes into it as we head into the final quarter of the year. Additionally, he explains some ways to develop an efficient plan to take advantage of current market conditions, prepare for recessions before they come, and make smart health and tax decisions.
Josh discusses:
How you can use tax loss harvesting to benefit your portfolio
The benefits of a donor-advised fund
Ways you could earn more with your savings accounts
How to take advantage of the current market conditions
Retirement looks different for many people. For some, it might be slowing down, taking your foot off the gas, and leaning back into a more relaxed lifestyle. For others, it may be continuing to work part-time but focusing on passions rather than a career. An intentional retirement can kickstart this process for you through planning ahead early and identifying your goals.
In this episode, Josh Leonard details the retirement planning process at Leonard Advisory Group. He explains how they mentor and guide their clients by the breakdown of INTENT – I (yourself), Needs, Taxes, Endowment, Navigating Financial Tools, and the Team helping you through this process.
Josh discusses:
What needs and wants to identify when planning your retirement
How you can start saving at a young age while simultaneously being able to enjoy your money
Important questions to ask yourself before creating your retirement plan
The three-bucket approach to dealing with finances
