2024-05-11 ROR SEG 2

On this episode of Rock On Retirement, Coach Pete covers the misconceptions of financial planning. The hosts discuss the origins of the phrase 'keeping up with the Joneses' and reminisce about comic strips. They then move on to the first misconception of money: the belief that more money leads to happiness. The second misconception discussed is the idea that one doesn't need to save for retirement at a young age. They also emphasize the importance of starting early and provide examples of the impact of compound interest.

If you have questions about taxes in retirement, or if you want a second opinion on your retirement plan, contact Coach Pete and the team at Capital Financial call 800-456-7577 or visit RockOnRetirement.com. 

On this episode of Rock On Retirement, Coach Pete covers the misconceptions of financial planning. The hosts discuss the origins of the phrase 'keeping up with the Joneses' and reminisce about comic strips. They then move on to the first misconception of money: the belief that more money leads to happiness. The second misconception discussed is the idea that one doesn't need to save for retirement at a young age. They also emphasize the importance of starting early and provide examples of the impact of compound interest.
If you have questions about taxes in retirement, or if you want a second opinion on your retirement plan, contact Coach Pete and the team at Capital Financial call 800-456-7577 or visit<a href="http://www.rockonretirement.com/"> RockOnRetirement.com</a>.

The mission of Rock on Retirement is to equip you with the tools and knowledge that you need to successfully navigate through today's complex financial world. Each week, the hosts and guests on the show reveal the latest developments in the financial industry to keep you informed of changes that may affect you personally, while sharing some common sense strategies that will help you make the most out of your retirement savings.

Rock on Retirement

The mission of Rock on Retirement with Coach Pete D'Arruda of Capital Financial is to equip you with the tools and knowledge that you need to successfully navigate through today's complex financial world. Each week, the hosts and guests on the show reveal the latest developments in the financial industry to keep you informed of changes that may affect you personally, while sharing some common sense strategies that will help you make the most out of your retirement savings.

The mission of Rock on Retirement with Coach Pete D'Arruda of Capital Financial is to equip you with the tools and knowledge that you need to successfully navigate through today's complex financial world. Each week, the hosts and guests on the show reveal the latest developments in the financial industry to keep you informed of changes that may affect you personally, while sharing some common sense strategies that will help you make the most out of your retirement savings.

Keeping Up With The Joneses!

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Coach Pete brings in NHL Hall of Fame broadcaster Chuck Kaiton and gets straight to the real retirement question: how do you turn savings into lifetime income without getting wrecked when markets swing? They break down Coach Pete’s “Financial Fill-Up” approach—why Chuck can take required minimum distributions (RMDs) and still see his portfolio refilling—plus the “dozen tips” that matter most when you’re in the retirement red zone. Then they go after the financial termites: hidden fees and non-traded REITs where Coach says commissions can run “up to 15%,” and warns some people learn the hard way when those products lock you in like “Hotel California.”

Coach Pete brings in NHL Hall of Fame broadcaster Chuck Kaiton and gets straight to the real retirement question: how do you turn savings into lifetime income without getting wrecked when markets swing? They break down Coach Pete&rsquo;s &ldquo;Financial Fill-Up&rdquo; approach&mdash;why Chuck can take required minimum distributions (RMDs) and still see his portfolio refilling&mdash;plus the &ldquo;dozen tips&rdquo; that matter most when you&rsquo;re in the retirement red zone. Then they go after the financial termites: hidden fees and non-traded REITs where Coach says commissions can run &ldquo;up to 15%,&rdquo; and warns some people learn the hard way when those products lock you in like &ldquo;Hotel California.&rdquo;

The 15% Fee That Can Nuke Your Nest Egg — Coach Pete’s “Financial Fill-Up” Plan Is the Escape Hatch

Coach Pete and the crew get straight to the point in this episode: if you’re not squeezing every ounce out of your 401(k), you’re leaving real money behind. They break down the Roth vs. traditional decision in plain English—what you’re really betting on with taxes—and why “safe money” isn’t about being scared, it’s about building a foundation that can survive market chaos. From lifetime income planning to dialing in asset allocation (how you spread money across investments) based on your risk tolerance (how much volatility you can stomach), Coach also calls out the “financial termites” that quietly eat your savings—fees, bad timing, and sloppy strategy. Bottom line: stop drifting and start driving your plan.

Coach Pete and the crew get straight to the point in this episode: if you&rsquo;re not squeezing every ounce out of your 401(k), you&rsquo;re leaving real money behind. They break down the Roth vs. traditional decision in plain English&mdash;what you&rsquo;re really betting on with taxes&mdash;and why &ldquo;safe money&rdquo; isn&rsquo;t about being scared, it&rsquo;s about building a foundation that can survive market chaos. From lifetime income planning to dialing in asset allocation (how you spread money across investments) based on your risk tolerance (how much volatility you can stomach), Coach also calls out the &ldquo;financial termites&rdquo; that quietly eat your savings&mdash;fees, bad timing, and sloppy strategy. Bottom line: stop drifting and start driving your plan.

401(k) Secrets, Roth vs. Traditional Smackdown, and the “Safe Money” Moves Wall Street Won’t Spell Out

Coach Pete and Russ Hackman (the Wall Street Sweeper!) break down why market volatility is brutal for retirees when too much money stays on the risk table—and why the old 60/40 stock-bond playbook was built for a different era. Russ warns Wall Street keeps “feeding you risk,” even trying to jam private assets into 401(k)s, while Coach Pete stresses you need an exit strategy and lifetime income options so retirement isn’t hostage to headlines. They hit home with the Antonio Brown cautionary tale—over $100 million earned, now Chapter 11 with under $50K in assets—as proof that bad planning (or bad luck at the wrong time) can wipe out anyone. The takeaway: balance growth with protection, plan for inflation, and don’t ignore the silent killer—taxes.

Coach Pete and&nbsp;Russ Hackman (the Wall Street Sweeper!)&nbsp;break down why market volatility is brutal for retirees when too much money stays on the risk table&mdash;and why the old 60/40 stock-bond playbook was built for a different era. Russ warns Wall Street keeps &ldquo;feeding you risk,&rdquo; even trying to jam private assets into 401(k)s, while Coach Pete stresses you need an exit strategy and lifetime income options so retirement isn&rsquo;t hostage to headlines. They hit home with the Antonio Brown cautionary tale&mdash;over $100 million earned, now Chapter 11 with under $50K in assets&mdash;as proof that bad planning (or bad luck at the wrong time) can wipe out anyone. The takeaway: balance growth with protection, plan for inflation, and don&rsquo;t ignore the silent killer&mdash;taxes.

Keeping Up With The Joneses!

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