Tag: Retirement
Feeling The Market Jitters? Here’s How To Take Control (Ep. 39)

Feeling The Market Jitters? Here’s How To Take Control (Ep. 39)

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When markets drop, most people freeze or flee. But what if the smartest move isn’t to retreat, but to go on offense?

In this episode, Jim Kruzan, CFP®, CRPC®,  unpacks why volatile markets can be a gift to strategic investors who know how to capitalize on short-term fear for long-term gain.

Jim Kruzan, CFP®, CRPC®,  walks listeners through how understanding market patterns, managing risk, and applying proactive investment tactics can turn turbulence into opportunity. Whether you’re accumulating wealth or distributing it in retirement, this episode explains why downturns don’t need to derail your plan—in fact, they might be just what your portfolio needs.

Here’s what you can expect from this release:

  • Why market volatility is not only normal, but expected, and how understanding this can help you avoid emotional decisions
  • Why downturns can create ideal conditions for Roth conversions and how to execute them strategically
  • Why rebalancing during market declines can improve long-term returns by systematically buying low and selling high
  • Why dollar-cost averaging and front-loading investment contributions can turn volatility into an advantage
  • And more!

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5 Signs You Should Ditch DIY Retirement Planning (Ep. 38)

5 Signs You Should Ditch DIY Retirement Planning (Ep. 38)

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What are the clear signs it’s time to stop DIYing your retirement planning? 

Here are the five indicators that call for professional guidance.

Jim Kruzan, CFP®, CRPC®, unravels the complexities of retirement planning. With his wealth of experience, he explores when it’s best to transition from self-management to professional advice. 

This episode offers universal insights for anyone considering a DIY approach to retirement planning.

Key discussion points include:

  • The complexities of growing income and savings [00:01:21]
  • The challenge of managing time as life grows busier [00:04:09]
  • Emotional influences on financial decisions [00:08:32]
  • Understanding the unknown pitfalls in planning [00:12:27]
  • The value of getting professional help as you approach retirement [00:16:14]
  • And more!

Resources:

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How Tariffs Can Impact Your Investments and Retirement Plan (Ep. 37)

How Tariffs Can Impact Your Investments and Retirement Plan (Ep. 37)

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What do tariffs mean for your retirement savings and investments? Is it still okay to retire right now?

In this episode, Jim Kruzan, CFP®, CRPC®, tackles the often-overlooked world of tariffs and their unexpected impact on your financial future. Whether you’re decades away from retirement or just around the corner, understanding these global financial levers can be crucial.

Key conversations in this release include:

  • What tariffs are and why governments use them [00:01:39]
  • The historical and economic implications of tariffs, from paperclips to major industries [00:05:17]
  • How tariffs affect market volatility and retirement planning [00:13:14]
  • Real-world examples of tariffs’ ripple effects on local economies [00:24:37]
  • Strategies for retirees and pre-retirees to navigate these turbulent waters [00:24:51]

Resources:

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Making Financial Resolutions Stick (Ep. 34)

Making Financial Resolutions Stick (Ep. 34)

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Starting the year with financial resolutions is common, but making them stick is the real challenge. 

How can you ensure your goals turn into lasting habits?

In this episode, Jim Kruzan, CFP®, CRPC®, explores strategies to set realistic financial resolutions and sustain them. He provides actionable insights on how to turn resolutions into habits, prioritize effectively, and build accountability systems for long-term success.

Jim discusses:

  • Setting SMART (Specific, Measurable, Achievable, Relevant, Time-Bound) financial goals for lasting success
  • How reflection on past achievements and failures can shape better goals
  • The importance of accountability partners and incremental progress in achieving resolutions
  • Strategies to manage competing priorities and select high-impact financial goals
  • Practical examples like saving for retirement, reducing debt, and establishing emergency funds
  • And more!

Resources:

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The Most Impactful #BiggerBolderRetirement Discussions of the Year (Ep.33)

The Most Impactful #BiggerBolderRetirement Discussions of the Year (Ep.33)

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It’s time to reflect on the invaluable insights from the very best episodes throughout the year, featuring top experts who simplify financial complexities and share actionable strategies.

Join Jim Kruzan as he delves into unforgettable conversations and key takeaways from guests like Becky Eisen on aging with dignity, Dr. Jacqueline B. James on life well-lived beyond retirement, and cybersecurity expert Jeff Lanza on safeguarding your assets in the digital age.

Key conversations include:

  • The early signs of aging and plan with informed decision-making for long-term care
  • Rediscover retirement not just by numbers but as a joyous, redefined life stage with insights from Dr. Jacqueline B. James
  • Safeguarding your wealth from cyber threats with strategies from Jeff Lanza and Jessica Rice
  • Prenups and Postnups: Julia Black’s explanation about how these agreements can protect your assets + why postnuptial agreements may not always hold up in court

Resources:

 

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Strategies for Investors as Trump Begins His Second Term (Ep.32)

Strategies for Investors as Trump Begins His Second Term (Ep.32)

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How have markets historically reacted to a change in U.S. presidency, and what can you do to safeguard your future investments?  

With Donald Trump’s return to the White House, understanding the market dynamics and economic policies becomes critical—let’s delve into what this means for your financial strategy.

As markets show mixed reactions to the news of Trump’s re-election, it’s crucial to explore what these changes mean for both your investments and the economy at large. Throughout this episode, we delve into historical patterns, current market trends, and outline key strategies to help you prepare for potential shifts. 

Key conversations include:

  • Historical analysis of how markets react to shifts in presidential power provides foundational knowledge for investors
  • Understanding sector-specific impacts on energy, defense, and technology
  • Inflation, interest rates, and tariffs being critical economic factors; understanding their implications to adjust your strategy accordingly
  • Retaining flexibility in your investment strategy, prioritizing diversification, and staying informed to align with evolving market conditions

Resources:

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The Balancing Act of College Savings Versus Retirement Savings with Darren Brennan (Ep. 30)

The Balancing Act of College Savings Versus Retirement Savings with Darren Brennan (Ep. 30)

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What if you could save for both your child’s education and your retirement — without feeling torn? 

Join us for this episode of The Retirement Engineer as Jim Kruzan, CFP®, CRPC®, Senior Wealth Advisor and Founder of Kaydan Wealth Management, along with Darren Brennan, Wealth Manager and CFP®, break down the strategies you need to successfully balance these competing financial priorities.

Learn how you can prioritize retirement while still setting aside funds for your child’s education without jeopardizing your financial future.

Key Highlights:

  • The Cost of College vs. Retirement: With college costs rising 9% annually — far outpacing inflation — strategic planning is more essential than ever
  • Prioritize Retirement First: Discover why planning your retirement is vital before focusing on college savings, and how tools like Roth IRAs can serve both goals
  • Smart Savings Tactics: Explore the 50-30-20 rule and the benefits of 529 plans, which allow family members to contribute
  • Family Conversations: Learn how to discuss financial expectations with your kids, ensuring they contribute and understand the value of education
  • Scholarships and Financial Aid: Find out how scholarships, FAFSA, and financial aid can ease the burden, along with budget-friendly alternatives like community colleges and work-study programs
  • And much more!

Resources:

Connect with Jim Kruzan: 

Connect with Darren Brennan:

About our Guest: 

Darren Brennan, CFP®, CRPC® is responsible for delivering the full spectrum of wealth management to our clients. Darren is a key member of Kaydan Wealth Management’s Investment Policy Committee and also supports the Senior Wealth Advisor with the creation and maintenance of client’s financial plans.

 

“My goal is to help our clients build and preserve their wealth. I want them to feel confident in the work we do for them so they can enjoy their retirement.”

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The Power of Tax Pro Formas with Dylan Stewart (Ep. 29)

The Power of Tax Pro Formas with Dylan Stewart (Ep. 29)

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Have you ever wished you could predict your tax bill before it arrives?

Tax pro formas could help you do just that.

Join Jim Kruzan, CFP®, CRPC®, and returning guest Dylan Stewart, CFP®, CPA, for an enlightening discussion about the often overlooked strategy of using tax pro formas in financial planning. Learn how to anticipate tax liabilities, make informed decisions, and optimize your financial strategy to build upon your wealth and create the retirement you desire.

Talking points include: 

  • How tax pro formas work and fit into financial planning as a whole
  • How to use a tax pro forma to avoid unexpected tax liabilities
  • The downsides of AI in this space and the importance of accurate data collection for building a strong tax pro forma
  • The importance of holistic tax planning, the integration of Roth conversions, and reviewing your tax history
  • Common tax pro forma mistakes and how to avoid them
  • And more!

Resources:

Connect with Jim Kruzan: 

Connect with Dylan Stewart:

About Our Guest: 

Dylan Stewart, CFP®, CPA, serves as a Wealth Advisor at Kaydan Wealth Management, offering comprehensive wealth management and guiding clients through the Evolutionary Wealth Process. As a member of the Investment Policy Committee and collaborator with Senior Wealth Advisors, he plays a pivotal role in shaping and maintaining client financial strategies.

“I love helping clients feel safe and secure by helping them achieve their financial goals and dreams.”

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Beyond The Numbers – Transitioning Into Retirement with Dr. Jacquelyn B. James (Ep. 28)

Beyond The Numbers – Transitioning Into Retirement with Dr. Jacquelyn B. James (Ep. 28)

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Have you ever wondered what it truly takes to be happy and fulfilled in retirement beyond just having a solid financial plan?

Retirement isn’t just about financial stability – it’s about designing a life that’s fulfilling and joyful.

In this episode, Jim Kruzan, CFP®, CRPC®, sits down with Dr. Jacquelyn B. James, the Founding Director of the Sloan Research Network on Aging & Work to explore the emotional, social, and psychological aspects of retirement that are just as crucial as the financial aspect. 

Tune in as Jackie talks about the importance of emotional and social preparations and the long-lasting impact these factors can have on your overall retirement satisfaction!

Talking points include: 

  • How retirement is more than a one-time financial event; it’s a gradual and complex transition
  • Why it’s important to prepare psychologically for retirement (just as much as it is to prepare financially!)
  • How the emotional and social aspects of retirement require as much planning as the financial aspects
  • The “honeymoon phase” of retirement and how to sustain fulfillment once it fades
  • Maintaining a sense of purpose and finding meaningful activities post-retirement
  • Managing increased time with a spouse and staying connected to support networks
  • And more!

Resources:

Connect with Jim Kruzan: 

Connect with Jacquelyn James:

About Our Guest: 

Dr. Jacquelyn B. James (Jackie) is the founding director of the Sloan Research Network on Aging & Work and past co-director of the Center on Aging & Work at Boston College. She has dedicated her career to studying the intersection of aging, work, and retirement, and she brings a wealth of knowledge on how individuals can prepare psychologically and socially for this significant life transition.

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Top 6 Investment Mistakes To Avoid (Ep. 27)

Top 6 Investment Mistakes To Avoid (Ep. 27)

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Are you making common investment mistakes without even realizing it?

They could end up costing you your dream retirement…

Join Jim Kruzan CFP®, CRPC® as he jumps into the top six investment mistakes that could be sabotaging your financial future. Learn about the essential knowledge and understanding needed before making investment decisions, the consequences of chasing hot markets, the importance of asset location, and the risks of making decisions based on fear or greed.

Jim discusses: 

  • Understanding what you own: The importance of knowing the costs, restrictions, and tax implications associated with your investments
  • Chasing trends: Why jumping on meme stocks or hot markets could be detrimental in the long run
  • Fearful investing: Making investment decisions based on fear alone
  • Asset location: How placing investments in the right type of account can have significant tax and performance benefits
  • Understanding your personal wealth cycle: The difference in strategy based on your stage of life
  • Ignoring economic risk: How fear-driven decisions, especially after market downturns, can severely impact long-term wealth creation
  • And more!

Definitions and Resources:

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