30 episodes

Planning for retirement is a big deal, and it does take some time, strategy, and intentional action, especially if you’re in or nearing your fifties!

Unfortunately, most people spend more time planning their yearly 1-2 week vacations than they do their 30+ year retirement.

Then, the “How much money do you need to retire?” question starts to feel overwhelming and confusing.

It doesn’t have to be that way.

With Danette Lowe and the Ready to Retire podcast, you can take small, simple steps now that will go a long way toward planning an epic retirement. With over 20 years of experience as a Certified Financial Planning Professional, Danette joyously provides customized, actionable advice to help you confidently navigate the transition from uncertain net saver to peaceful net spender.

She’s here to flip those feelings of shame, regret, or stress about retirement savings and help you see what CAN be done to prepare for your retirement.

Maybe you want to find out if you’ve saved enough and if you can retire in the next few years, or maybe you have just moved or are considering changing careers and are curious about your 401K, pension, or social security benefits.

If you’re starting to think about retirement and want to learn more about how and when you can stop working, whether you’ve saved enough, and what your retirement years might look like, you’re in the right place.

Danette shares free resources, fresh perspectives, and easy-to-understand educational materials throughout this show about retirement planning in an effort to enhance and enrich your life, no matter your age, income, or retirement preparation level.

Are you Ready to Retire?

Connect with Danette and her team on Linkedin or visit www.trunorthwealth.com

Please see our terms of use here: www.commonwealth.com/termsofuse.html
This communication is strictly intended for individuals residing in the states of AL, AZ, CA, CO, NH, NV, NY, OR and WA. No offers may be made or accepted from any resident outside these states due to various state requirements and registration requirements regarding investment products and services.
Securities and advisory services offered through Commonwealth Financial Network®, http://www.FINRA.org http://www.SIPC.org, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network. ®

Danette Gay Lowe, CFP®
TruNorth Wealth Management, LLC, 123 W. Nye Lane, Suite 520, Carson City, NV 89706
Phone 775-364-0010 / Email: Hello@TruNorthWealth.com

Ready To Retire‪!‬ Danette Lowe CFP®

    • Business
    • 5.0 • 7 Ratings

Planning for retirement is a big deal, and it does take some time, strategy, and intentional action, especially if you’re in or nearing your fifties!

Unfortunately, most people spend more time planning their yearly 1-2 week vacations than they do their 30+ year retirement.

Then, the “How much money do you need to retire?” question starts to feel overwhelming and confusing.

It doesn’t have to be that way.

With Danette Lowe and the Ready to Retire podcast, you can take small, simple steps now that will go a long way toward planning an epic retirement. With over 20 years of experience as a Certified Financial Planning Professional, Danette joyously provides customized, actionable advice to help you confidently navigate the transition from uncertain net saver to peaceful net spender.

She’s here to flip those feelings of shame, regret, or stress about retirement savings and help you see what CAN be done to prepare for your retirement.

Maybe you want to find out if you’ve saved enough and if you can retire in the next few years, or maybe you have just moved or are considering changing careers and are curious about your 401K, pension, or social security benefits.

If you’re starting to think about retirement and want to learn more about how and when you can stop working, whether you’ve saved enough, and what your retirement years might look like, you’re in the right place.

Danette shares free resources, fresh perspectives, and easy-to-understand educational materials throughout this show about retirement planning in an effort to enhance and enrich your life, no matter your age, income, or retirement preparation level.

Are you Ready to Retire?

Connect with Danette and her team on Linkedin or visit www.trunorthwealth.com

Please see our terms of use here: www.commonwealth.com/termsofuse.html
This communication is strictly intended for individuals residing in the states of AL, AZ, CA, CO, NH, NV, NY, OR and WA. No offers may be made or accepted from any resident outside these states due to various state requirements and registration requirements regarding investment products and services.
Securities and advisory services offered through Commonwealth Financial Network®, http://www.FINRA.org http://www.SIPC.org, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network. ®

Danette Gay Lowe, CFP®
TruNorth Wealth Management, LLC, 123 W. Nye Lane, Suite 520, Carson City, NV 89706
Phone 775-364-0010 / Email: Hello@TruNorthWealth.com

    How to Calculate Needs in Retirement for Couples and 5 Key Savings Strategies

    How to Calculate Needs in Retirement for Couples and 5 Key Savings Strategies

    Today we dive into the crucial topic of retirement planning for married couples. With the challenge of harmonizing two different perspectives on retirement, this episode offers valuable strategies to increase savings and ensure a comfortable retirement…
    Click here to Download Your FREE “3 Steps” Workbook:  https://trunorthwealth.activehosted.com/f/3
    What’s included:  3 Steps to Planning an EPIC Retirement
    Step 1:  How will You Spend Your Time?
    Step 2:  Identify Your Income & Expenses
    Step 3:  Putting it all Together
     
    Start YOUR FREE Financial Plan Today:
    Now available – FREE ACCESS – to a Financial Planning Tool:
    Click here:  https://bit.ly/GetFinancialPlan
     
    Connect with Danette Lowe, CFP®
    https://linktr.ee/trunorthwealth
    Visit Our Website:  https://www.TruNorthWealth.com
     
    We kick off with a discussion on a recent T. Rowe Price study, which benchmarks the ideal savings by age for both single individuals and married couples. For instance, at age 55, you should have five times your annual income saved, and by 65, it should be eight and a half times. Danette breaks down these figures with real-world examples, providing a clear starting point for retirement planning.
    T. Rowe Price Benchmark Study: https://trowe.com/3vEJiyM
     
    IRS Contribution Limits 2024:
    https://www.irs.gov/newsroom/401k-limit-increases-to-23000-for-2024-ira-limit-rises-to-7000
     
    The episode then guides you through practical steps to assess your financial status, including creating a Statement of Net Worth and analyzing monthly spending.
     
    Here are 5 Strategies to Maximize Savings for Couples in 2024:
     
    Maximize 401k and IRA Contributions: Understanding the impact of the SECURE Act 2.0 on retirement savings.
    Pay Yourself First: Leveraging automatic transfers and incremental savings increases.
    Eliminate High-Interest Debt: Starting with the smallest balances and working up.
    Smart Management of Car Expenses: Sharing a successful strategy for car payments and savings.
    Utilize IRAs Efficiently: Exploring the benefits of spousal and Roth IRAs.
    Each strategy is accompanied by real-life examples and practical advice.
    If you found this episode helpful, please give us a thumbs up. For more insights and advice on retirement planning, don't forget to subscribe and join us in the next episode of "Ready to Retire!".
     
    Follow Us on Facebook:
    https://www.facebook.com/TruNorthRetirementPlanning
    About Danette:
    Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.
    Danette Lowe, CFP®
    Founder – Wealth Advisor
    TruNorth Wealth Management, LLC
    123 W. Nye Lane, Suite 520, Carson City, NV  89706
    Connect with Danette @ https://linktr.ee/trunorthwealth
    This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.
    Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.

    • 14 min
    Tax-Free or Tax-Deferred? Roth vs. Traditional IRA, Which is Better? | Ep 28

    Tax-Free or Tax-Deferred? Roth vs. Traditional IRA, Which is Better? | Ep 28

    Start YOUR FREE Financial Plan Today:
    Now available – FREE ACCESS – to a Financial Planning Tool:
    Click here:  https://bit.ly/GetFinancialPlan
    Subscribe to our YouTube Channel to be informed when we release new episodes!
    https://www.youtube.com/@readytoretire
    Connect with Danette Lowe, CFP® https://linktr.ee/trunorthwealth
     
    Traditional IRA vs. Roth IRA – Which one is better?
    In this episode, Danette explores the decision between investing in a Traditional IRA, which offers immediate tax deductions but taxes gains upon withdrawal, and a Roth IRA, which doesn't provide tax deductions on contributions, but offers tax-free gains.
    She discusses the pros and cons of each option and the benefits of a Roth conversion for those who are not eligible for direct Roth contributions.
    The episode delves into the strategies for managing taxes during a Roth conversion, including staggered conversions and using non-IRA funds to cover the tax liability.
    Danette emphasizes the potential benefits of converting during market downturns and the implications of recent legislative changes.
    Danette recommends consulting with a financial advisor to determine the best retirement savings strategy based on individual circumstances, whether it involves Traditional IRAs, Roth IRAs, or Roth conversions.
     
    Get YOUR FREE Risk Tolerance Number:
    Click here to Request YOUR Free Risk Tolerance Number – this quick survey will provide you with an objective look at your risk tolerance.
    https://bit.ly/GetMyRiskNumber
     
    Click here to Download Your FREE “3 Steps” Workbook:  https://trunorthwealth.activehosted.com/f/3
    What’s included:  3 Steps to Planning an EPIC Retirement
    Step 1:  How will You Spend Your Time?
    Step 2:  Identify Your Income & Expenses
    Step 3:  Putting it all Together
     
    Leave COMMENTS on Facebook:
    https://www.facebook.com/TruNorthRetirementPlanning
    About Danette:
    Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.
    Danette Lowe, CFP®
    Founder – Wealth Advisor
    TruNorth Wealth Management, LLC
    123 W. Nye Lane, Suite 520, Carson City, NV  89706
    Connect with Danette @ https://linktr.ee/trunorthwealth
    This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.
    Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.

    • 13 min
    Ways to Reduce the Financial Stress of 5 Major Life Transitions

    Ways to Reduce the Financial Stress of 5 Major Life Transitions

    In this episode, we explore practical strategies to alleviate the financial strain that often accompanies five major life transitions:
    Relocating to new places,
    Navigating career or job changes,
    Managing finances through relationship shifts,
    Coping with unexpected health events,
    and
    Finding stability during times of loss or grief.
    Tune in to discover expert insights and actionable tips for achieving financial peace of mind during these pivotal moments in life.
    Start YOUR FREE Financial Plan Today:
    Now available – FREE ACCESS – to a Financial Planning Tool:
    Click here:  https://bit.ly/GetFinancialPlan
     
    Subscribe to our YouTube Channel to be informed when we release new episodes!
    https://www.youtube.com/@readytoretire
     
    Get YOUR FREE Risk Tolerance Number:
    Click here to Request YOUR Free Risk Tolerance Number – this quick survey will provide you with an objective look at your risk tolerance.
    https://bit.ly/GetMyRiskNumber
     
    Click here to Download Your FREE “3 Steps” Workbook:  https://trunorthwealth.activehosted.com/f/3
    What’s included:  3 Steps to Planning an EPIC Retirement
    Step 1:  How will You Spend Your Time?
    Step 2:  Identify Your Income & Expenses
    Step 3:  Putting it all Together
     
    Leave COMMENTS on Facebook:
    https://www.facebook.com/TruNorthRetirementPlanning
    Episode 27:  Ways to Reduce the Financial Stress of 5 Major Life Transitions:
    In this episode of the Ready to Retire podcast, Danette explores the financial implications of five major life transitions: relocation, career or job changes, relationship changes, health events, and loss or grief events.
    She emphasizes the importance of having a solid financial plan in place to navigate these transitions.  Danette also offers practical advice, such as the significance of health insurance decisions, managing old 401(k) plans, and considering life insurance during career changes.
    She discusses the financial aspects of relocating, including trust updates and home investments, and highlights the importance of self-care during health transitions.  In times of relationship changes, Danette emphasizes the need to reevaluate asset titling and life insurance.
    Lastly, she addresses the challenges of grief and loss transitions, urging caution in making major decisions and recommending journaling as a helpful tool.
    This episode provides valuable guidance on managing finances during life's most significant changes.
    Danette mentioned John Holland’s book: Bridging Two Worlds – it’s available on Amazon here: https://amzn.to/452e8x9
    About Danette:
    Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.
    Danette Lowe, CFP®
    Founder – Wealth Advisor
    TruNorth Wealth Management, LLC
    123 W. Nye Lane, Suite 520, Carson City, NV  89706
    Connect with Danette @ https://linktr.ee/trunorthwealth
    This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.
    Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.

    • 21 min
    10 Simple Tactics to Grow Your WEALTH in Your Free Time

    10 Simple Tactics to Grow Your WEALTH in Your Free Time

    Don't miss out on these easy steps that can make a big difference in your financial journey.  Uncover practical strategies, in our 1 YEAR Anniversary Episode, that can boost your wealth while fitting into your busy schedule. The episode explores hidden wealth-building gems to help you achieve prosperity.
    Start YOUR FREE Financial Plan Today:
    Now available – FREE ACCESS – to a Financial Planning Tool:
    Click here:  https://bit.ly/GetFinancialPlan
     
    Check out our YouTube Channel – Please SUBSCRIBE!
    https://www.youtube.com/@readytoretire
     
    Get YOUR FREE Risk Tolerance Number:
    Click here to Request YOUR Free Risk Tolerance Number – this quick survey will provide you with an objective look at your risk tolerance.
    https://bit.ly/GetMyRiskNumber
     
    Click here to Download Your FREE “3 Steps” Workbook:  https://trunorthwealth.activehosted.com/f/3
    What’s included:  3 Steps to Planning an EPIC Retirement
    Step 1:  How will You Spend Your Time?
    Step 2:  Identify Your Income & Expenses
    Step 3:  Putting it all Together
     
    Leave COMMENTS on Facebook:
    https://www.facebook.com/TruNorthRetirementPlanning
    Episode 26:
    Top 10 Tips Countdown for Financial Education:
    The Ready to Retire podcast's one-year anniversary episode offers listeners the top 10 actionable financial tips, insights into the podcast's purpose, and plans for the future.  It underscores the importance of self-awareness, informed decision-making, continuous learning, and disciplined financial habits to achieve a secure retirement and overall financial well-being.
    10. Know Your Biases: Understand personal beliefs and biases that impact financial decisions.
    9. Take a Financial Inventory: Assess assets, liabilities, net worth, income, expenses, and insurance.
    8. Determine Risk Tolerance: Utilize a risk tolerance assessment to gauge investment comfort levels.
    7. Regularly Update Beneficiaries: Importance of keeping beneficiary designations current to avoid complications.
    6. Incrementally Increase Savings: Gradually raise savings contributions to improve financial health.
    5. Allocate Time for Financial Literacy: Set aside a day each month to enhance financial knowledge.
    4. Exercise Caution After Life Quakes: Avoid making significant financial decisions during emotional transitions.
    3. Balance Your Checkbook: Monitor transactions to understand spending patterns and catch errors early.
    2. Keep Financial Documents Updated: Maintain an organized central location for essential financial documents.
    1. Spend Less Than You Earn: Practice disciplined spending and avoid financial risks.
    Future Plans for the Podcast:
    Introducing interviews with fellow financial advisors for diverse perspectives.
    Advancing to more advanced financial planning topics.
    Bonus Tips:
    1.     Maintain Financial Responsibility: Encourage both partners in a relationship to stay informed about finances.
    2.     Prioritize Retirement Over Adult Children: Avoid compromising retirement by over-assisting adult children.
    3.      Guard Against Online Scammers: Stay vigilant against evolving online scams.
    About Danette:
    Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.
    Danette Lowe, CFP®
    Founder – Wealth Advisor
    TruNorth Wealth Management, LLC
    123 W. Nye Lane, Suite 520, Carson City, NV  89706
    Connect with Danette @ https://linktr.ee/trunorthwealth
    This podcast is for informational purposes only. The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances

    • 18 min
    Reducing Investment Risks: Inflation, Interest Rates, Overspending & 8 Retirement Protection Strategies

    Reducing Investment Risks: Inflation, Interest Rates, Overspending & 8 Retirement Protection Strategies

    Risk Tolerance Number:
    Click here to Request YOUR Free Risk Tolerance Number – this quick survey will provide you with an objective look at your risk tolerance.
    https://bit.ly/GetMyRiskNumber
     
    Click here to Download Your FREE “3 Steps” Workbook:  https://trunorthwealth.activehosted.com/f/3
    What’s included:  3 Steps to Planning an EPIC Retirement
    Step 1:  How will You Spend Your Time?
    Step 2:  Identify Your Income & Expenses
    Step 3:  Putting it all Together
     
    Episode 25:
    In this exciting episode, we'll be delving deep into the risks of long-term investing and equipping you with eight powerful strategies to reduce them. Let's start by exploring External Risks - those factors we have limited control over, such as inflation, credit defaults, interest rates, and the unpredictable stock market. On the other hand, Internal Risks are within our grasp, stemming from actions like overspending, neglecting portfolio rebalancing, and succumbing to income inflation.
     
    You won't want to miss our comprehensive coverage of the eight Strategies to Mitigate the Risks highlighted in this episode. From diversification and asset allocation to countering emotional decision-making, we've got your back in managing your investments effectively. We'll also address the risks of procrastination and delayed savings, ensuring you can start saving and set your money to work for you.
     
    Join us on the Ready to Retire Podcast for valuable insights and practical advice on securing your financial future. Whether you're a seasoned investor or just starting your investment journey, these strategies will empower you to make informed decisions and navigate the world of long-term investing with confidence. Tune in now and let's embark on this rewarding journey together!
     
    About Danette:
    Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders. We invite you to join our extended family and experience the TruNorth Wealth difference.
     
    Passion Ignited - My commitment to enhancing people's financial lives was kindled in 8th grade, sparked by a profile of a successful Certified Financial Planner (CFP®) professional. This marked the beginning of my journey to bring financial security to others.
     
    Hobbies - I have a keen interest in photography, with a focus on nature. Our family adventures often lead us to the Sierra Nevada Mountains for various outdoor activities. I also find tranquility in knitting, quilting, and sewing, contributing to the 200+ creations donated to Chemo Caps for Kids.
    Content Creator – Enjoying my latest passion, teaching.  Writing the episodes is so rewarding!
    Danette Lowe, CFP®
    Founder – Wealth Advisor
    TruNorth Wealth Management, LLC
    123 W. Nye Lane, Suite 520, Carson City, NV  89706
    Connect with Danette @ https://linktr.ee/trunorthwealth
     
    This podcast is for informational purposes only. The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation. Neither Commonwealth Financial Network nor your representative provides tax advice.
    Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.

    • 24 min
    Before You Cash In: 6 Essential Tips to Maximize Your Social Security Benefits

    Before You Cash In: 6 Essential Tips to Maximize Your Social Security Benefits

    Click here to Download Your FREE “3 Steps” Workbook:  https://trunorthwealth.activehosted.com/f/3
    What’s included:  3 Steps to Planning an EPIC Retirement
    Step 1:  How will You Spend Your Time?
    Step 2:  Identify Your Income & Expenses
    Step 3:  Putting it all Together
     
    Episode 24:
    In this episode of the Ready to Retire! podcast, host Danette Lowe CFP®, shares crucial tips to maximize your Social Security benefits and ensure a financially secure retirement.  
    Many Americans make common mistakes by starting to claim Social Security without a strategy, potentially leaving thousands of dollars on the table.  
    Danette presents five essential tips to know before claiming benefits, covering topics such as eligibility requirements, full retirement age, the early claiming penalty, working during retirement, and spousal benefits.  
    She also provides a bonus tip on the windfall elimination provision for those covered by alternative pension plans.
    Listeners can access additional resources, including a Social Security statement, retirement age calculation chart, and a free downloadable workbook. By implementing these tips, individuals can make informed decisions and optimize their Social Security benefits for a comfortable retirement.
     
    Download Your Social Security Benefits Statement:  https://www.ssa.gov > Benefits
     
     
    Full Retirement Age (FRA) based on birth year:

    Birth Year
    Full Retirement Age (FRA)
    1943 or earlier
    66
    1944
    66 and 2 months
    1945
    66 and 4 months
    1946
    66 and 6 months
    1947
    66 and 8 months
    1948
    66 and 10 months
    1949
    67
    Please note that this table provides general information about the FRA, and individual circumstances may vary.  It's always recommended to consult the Social Security Administration to obtain accurate and personalized information about your specific Full Retirement Age.

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    About Us:
    Danette Lowe, CFP®
    Founder – Wealth Advisor
    TruNorth Wealth Management, LLC
    123 W. Nye Lane, Suite 520, Carson City, NV  89706
    Connect with Danette @ https://linktr.ee/trunorthwealth
     
    This podcast is for informational purposes only. The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation. Neither Commonwealth Financial Network nor your representative provides tax advice.
    Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.

    • 15 min

Customer Reviews

5.0 out of 5
7 Ratings

7 Ratings

VElder2005 ,

The numbers are important but…

It’s the delivery that counts when it comes to finding a podcast to help you get your finances set to retire. This isn’t one of those boring, calculation-packed shows, thank goodness! Danette’s gift is in taking such a large, complicated, varying topic and making it easy to understand while delivering the information in a calm yet upbeat (non-demeaning) way. I’m feeling more confident about my own epic retirement with every episode!

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