Retirement Mindset Series - 2 of 5

For many of us, we only get one shot at retirement. Because let’s face it, how many times have you sat there thinking that if only you knew what you knew now about financial planning ten-fifteen-twenty years ago? That if you knew better when you were younger about how to make smarter money decisions, you would be in a much better financial position than you are now?

While we may not be able to recreate our decisions, we can focus on the here and now. We can ensure that we are taking every appropriate step to drive towards a sound and secure retirement.

Part of 2 Retirement Mindset is about figuring out your Social Security and pension income strategies. For many, Social Security and the pension will be the largest monthly income that a retiree has, and having the right strategy in place could determine whether you can sustain the retirement lifestyle you envision.

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Henry Wongpersonal finance
Retirement Mindset Series - 1 of 5

With individuals posed to spend as much time in retirement as their working years, it is surprising that the question of whether you are about to have a successful retirement isn’t more of an active thought than it really is. While that may be typical, it doesn’t mean you have to keep it as such. Join Henry as he takes you on a five-part series on how to best determine whether you are on track for retirement and all of the retirement questions you should be asking but have not thought to ask.

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Henry Wongpersonal finance
Year-End Financial Check Up
Year-End Financial Check Up

As we quickly approach the end of the year, it is crucial that we take the moment to think about our financial health and whether we have taken all of the appropriate steps to not only decrease our tax liability but also protect our family.

With less than two months left before the year-end, now is the most appropriate time to check your financial affairs and ensure everything is in order. Join Henry as he goes over the financial health check-up that you should be conducting before we dive too much further into the end of the year.

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For The InvestorHenry Wongpersonal finance
Financial First Steps for Graduating Physicians
Financial First Steps for Graduating Physicians

Healthcare professionals spend an exorbitant amount of time and money to obtain their professional education. Unfortunately, while the education system may be sufficient to help prepare healthcare professionals for a career in medicine, it very rarely provides them with the necessary knowledge needed to build a foundation for their financial future.

As if not knowing isn't hard enough, having disinformation from sales brokers masquerading as financial fiduciaries make what ought to be simple financial steps even more complex and costly.

While this episode is geared primarily for graduating healthcare professionals wanting to structure their financial foundation, the concepts and steps can be easily implemented by any graduating individual who wants to kickstart their path to financial independence.

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For The InvestorHenry Wongpersonal finance
Financial Heart to Heart for Couples
Financial Heart to Heart for Couples

It's hard enough trying to get your financial house in order individually but what happens at the joining of two people? With money being the very core of almost all aspects of our lives, it's critical in today's environment that we embrace money matters together.

With financial matters being one of the primary reasons why couples fight, it is best to embrace that money will be something you will have to talk about with your partner. But money talks shouldn't have to be complicated, embarrassing, or even tense. If you're ready to take the next financial step with your partner or you haven't quite really joined finances together, you can start now with these five easy topics.

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For The InvestorHenry Wongdebt, personal finance, financial independence, financial wellness
Your Social Security Checks Are About To Get Fatter And The Retirement Readiness Questions You Need to Ask Yourself Today
Your Social Security Checks Are About To Get Fatter And The Retirement Readiness Questions You Need to Ask Yourself Today

Social Security checks are about to get a whole lot bigger come January 2022 but is it enough? Learn why the largest boost to Social Security in over thirty years is still not enough to retire comfortably. Additionally, be sure to ask yourselves these retirement readiness questions to check whether you’re on track to financial independence.

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For The InvestorHenry Wongpersonal finance, retirement, Social Security
Understanding the Debt Ceiling and The Secret to Becoming Financially Independent
Understanding the Debt Ceiling and The Secret to Becoming Financially Independent

Have you ever felt that your financial life controlled you more than you control your finances? It's no secret that a majority of our life is dictated by money-how much we have and do not have, how much we need, and how much we wish we had. Monetary needs are no longer the primary driver of our economy but also of our lives. It is money that makes us do what we do because without it, rent goes unpaid and lifestyles get shifted.

But why should that always be the case? Imagine a life where you are not obsessed with the need for money but rather focusing on what your life's joyous moments should be. Imagine not punching the clock until age 70 but living life on your terms knowing that you have a financial bedrock stable enough to handle all that life throws at you.

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For The InvestorHenry Wongpersonal finance, financial independence
How to Calculate Whether You Have Enough Saved for Retirement
How to Calculate Whether You Have Enough Saved for Retirement

We're all working towards retirement whether that is five, ten, fifteen, or twenty years away. But how many times have we actually stopped and wondered whether we're on track? Saving and putting money away in retirement accounts is a good start but unless we know an approximation of the end result, there is no way we can tell whether what we're doing is enough.

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For The InvestorHenry WongRetirement Income, investing
What Does A Reduction in Social Security Look Like?
What Does A Reduction in Social Security Look Like?

The Social Security Trust Fund is quickly dwindling with the latest report suggesting that it will be zeroed out by 2034. Currently, Social Security accounts for the only source of income for 40% of retirees. When that cut in benefits occurs, what should Americans expect?

Join Henry as he provides an overview of the Social Security system, what has led to this shortage in funds and what to expect in terms of benefits reduction for Medicare and Social Security benefits. If you’re unsure if the effect of benefit reductions will impact you significantly, be sure to follow through on Henry’s exercise to simulate a reduction in benefits and find out if you can maintain your retirement lifestyle when the drop in benefits occur.

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For The InvestorHenry WongSocial Security, Retirement Income
Attracting and Retaining Employees During a Labor Shortage
Attracting and Retaining Employees During a Labor Shortage

Many would think that during a coronavirus pandemic, the least of our worries is finding people willing to work but yet that is the encounter many business owners are facing this summer. The Great American Labor Shortage of 2021 is driven not only by health-related fears but also as the largest working generation, Millennials and Gen-Z shift their mindset regarding work-life balance.

Join Henry as he uncovers the five most common reasons why Millennials and Gen-Z are making career changes and how business owners can best adapt to this changing tide. The five most common reasons also displays how business owners can shift with the times and offer practical solutions to not only attract but also retain talented employees in turbulent times.

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For The Plan SponsorHenry Wong
Should I Be Buying A Home Right Now During This Housing Bull Market
Should I Be Buying A Home Right Now During This Housing Bull Market

If you're on the fence on buying a house or have been told now is the best time to buy a house, please be sure to give this a listen before diving into what will effectively become the biggest purchase of your life.

While interest may be at all-time lows, the inherently low-interest rates do not necessarily mean this is the best time for you to buy. Buying a house and making that large 15 or 30-year commitment takes a level of responsibility and it should only be done for the right reasons. Do not enter into a home purchase transaction simply because you're being told that carrying a mortgage is the exact same thing as being a renter but with equity. The true cost of owning a home lies in the upfront cost and continued additional maintenance.

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For The InvestorHenry Wonghomeownership, mortgage
What To Do With Company Stock? Should I Sell or Hold The Positions?

Have you ever wondered whether you should sell your company stock or continue holding onto it for the long haul? What you should do ought to be based on the questions you have on your overall financial life. Remember that company stock is just an instrument to help you achieve your overall financial goals. Start by asking yourself the fundamental questions relative to your financial life before deciding whether you should sell or hold.

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For The InvestorHenry Wongstock options, investing, financial independence
To SPAC or Not To SPAC: Breaking Down The Hottest Investment Trend of 2020
To SPAC or Not To SPAC: Breaking Down The Hottest Investment Trend of 2020

The traditional method of bringing a private company to market via IPO is still strong but even stronger still is the SPAC model. Companies such as Virgin Galactic, DraftKings, and Nikola Motors have all debuted on the public markets through SPAC vehicles. Unlike IPOs of the past, investors are no longer left on the sidelines. Retail investors can have access to these private companies by buying common stock, warrants, or units of SPACs.

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For The InvestorHenry Wonginvesting
Protecting Your Family From Unexpected Death with Low Cost Life Insurance
Protecting Your Family From Unexpected Death with Low Cost Life Insurance

September is Life Insurance Awareness Month, and during these unprecedented times with COVID-19, protecting your family is more important than ever. Statistics show that new life insurance policies started this year have far surpassed the years before. Protecting your family from your unexpected death is simple and can be much more cost-effective than you may think. However, not all life insurance carriers are created equal, and the cost for coverage can vary across different insurance companies.

Tune in as Henry busts down the most common myths for life insurance and understand why term life is the best insurance product to protect your family from unexpected death. Working with an independent agent is also the most preferred way of buying term life insurance as they can comparison shop across multiple carriers for the best rate.

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For The InvestorHenry Wongpersonal finance, life insurance
Investing During Uncertain Times
Investing During Uncertain Times

The mindset you should take when investing during uncertain times. Volatility in the markets will always be there. Whether it is a virus plaguing the country or an economic recession, we will see uncertainty in the stock market. Don't let the fear drive you away and follow these prudent steps to investing during uncertain times.

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For The InvestorHenry Wonginvesting