PREMIUM: HOPKINS

RETHINKING RETIREMENT

Award-winning retirement expert Jamie Hopkins explains why it’s essential to rethink retirement planning.

WEALTHTRACK Episode #1449; Originally Broadcast on May 25, 2018

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VOTAVA: MAXIMIZING MEDICARE

Posted on April 24, 2015

It’s estimated that 95% of seniors are paying too much for Medicare coverage.  Today, men and women who retire at 65 can anticipate living another 25, 30 or even 40 years – all of those years receiving Medicare benefits and contributing to them.  On this week’s WEALTHTRACK, healthcare expert Katy Votava, president of Goodcare.com and author of Making the Most of Medicare explains what you need to know to maximize those benefits and avoid overpaying.

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MONEY SAVING ADVICE: THOUSANDS LOST BY SENIORS WHO PAY TOO MUCH FOR MEDICARE; DON’T CLAIM ENOUGH FROM SOCIAL SECURITY. HOW TO GET WHAT YOU DESERVE

Posted on May 21, 2017

How to maximize your Social Security and Medicare benefits with experts Mary Beth Franklin and Katy Votava.

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BLUNT & LANKFORD: LIFELONG INCOME

Posted on April 15, 2016

Guaranteed income for life. Retirement experts Kim Lankford of Kiplinger’s and New York Life’s Christopher Blunt discuss strategies to avoid outliving your nest egg.

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JAMIE HOPKINS

• Author,
• Rewirement: Rewiring the Way You Think About Retirement

Newsletter available soon.

CONSIDER ALTERNATIVE SOURCES OF INCOME FOR YOUR RETIREMENT

• Home is one source
• Have an available home equity line of credit for immediate liquidity
• Reverse Mortgages:
  • Available under the FHA (Federal Housing Administration) backed program, HECM (Home Equity Conversion Mortgage)
  • • Available to seniors 62 and over
  • • Must live in the home and own it
  • • Have no mortgage or a low mortgage balance
• HECM is tightly regulated:
  • • Required to meet with HECM counselor to obtain the loan
  • • Information available on U.S. Department of Housing and Urban Development website: www.hud.gov

Rewirement: Rewiring The Way You Think About Retirement!

HOPKINS: RETIREMENT CHALLENGE

• Manage your debt
• Big behavioral problem
• Look at highest interest debt first
• Pay off rest from there

No stock mentions in this episode.
This transcript will be available soon. More information regarding WEALTHTRACK transcripts can be found here

Jamie Hopkins from the WEALTHTRACK Archive:

RETIREMENT INCOME CHALLENGE

Leading retirement income expert, Jamie Hopkins is one of the creators of the curriculum for the relatively new certification for financial planners called the Retirement Income Certified Professional, or RICP.  As baby boomer investors make the challenging transition from accumulating assets while working to spending them in retirement, Hopkins says much of the financial advisory community is playing catch up.