The Retirement Playbook

The Retirement Playbook
Financial Play-Calling for Your FutureFor a fresh spin on the world of retirement, tune in to The Retirement Playbook with Rick and Granger Hughes. Committed to providing the best financial education, this father and son combo blends traditional ec…

Football and Retirement
Sep 21 • 27 min
The saying goes “Offense wins games, but defense wins championships.” And when it comes to retirement, you definitely want a championship-level strategy. This week, Rick talks about how to avoid “giving up points” when it comes to your nest egg.
Who Pays For Stimulus Spending?
Sep 14 • 28 min
During the pandemic, the federal government has pumped more that six trillion dollars into the economy… And regardless of who wins the election in November, that bill will come due sooner than later. This week, Rick talks about the things we can do ahead…
The Election and Your Retirement
Sep 7 • 28 min
All eyes are set on November 3rd, but a recent USA Today article says that the biggest impact on your retirement won’t rely on the outcome of “Trump vs Biden.” Granger discusses what that is, and how to prepare for this election, and the many others…
Realistic Expectations (Or how to not bank on 15% Returns)
Aug 31 • 27 min
A recent survey asked “average” investors what kind of returns they expected to earn over the next five years. The answer? 15%! And while possible, it may not necessarily be probable. This week, Granger discusses managing expectations, and how to develop…
The Speed Limit Strategy
Aug 24 • 26 min
A recent Market Watch article compared investing with taking a long road trip: you can A: drive fast and get there quicker (but potentially run the risk of a speeding ticket or worse) or B: go a little slower and reduce those risks. This week, Granger…
Planning for RMDs
Aug 18 • 29 min
At the end of 2019 (remember way back then?), the SECURE act changed the age that required minimum distributions began (from 70 and a half to 72). And whether you just turned 70 or maybe even 60 it’s still important to figure out how much those RMDs could…
Bonds in Retirement
Aug 17 • 28 min
Bonds used to be a critical part in most retirement plans. And while the earning potential behind bonds has decreased significantly, the argument can be made for still including them in a modern plan. Granger discusses why and more on this week’s episode.
Roths and Taxes
Aug 3 • 29 min
The conventional wisdom is that with Roth 401ks, you don’t have to pay any taxes on withdrawals made in the future. But there are small exceptions, and this week Rick & Granger talk about what those are and how to prepare for them.
Love and Marriage (and Retirement)
Jul 27 • 28 min
Think back to all the planning that went into your wedding day. The different meetings, the back and forth discussions, the actual ceremony itself. Now think about how much time you’ve spent on your retirement planning… This week, Rick discusses how a few…
Retirement Fees
Jul 20 • 29 min
Chances are, you probably know how much you pay for cable/your cell phone/various subscriptions are each month, and you’ve determined that the value you get out of them is probably worth the price paid. But how about the fees you’re paying on your…
Interest Rates In Retirement
Jul 13 • 28 min
In 1980, the interest rate was close to 20%. These days, it’s almost zero. We all know that it can’t stay that way forever, and this week, Rick discusses how an interest rate increase would affect your retirement strategy in the future.
Retirement Confidence
Jun 29 • 26 min
The word “retire” doesn’t seem to inspire as much excitement as it used to. In fact, retirement confidence is universally down across all generations. This week, Granger talks about steps to take to help boost that confidence.
Lessons From Dad
Jun 21 • 27 min
In honor of Father’s Day Weekend, Rick & Granger take time to talk about lessons (financial and otherwise) that were passed on to them by the fathers/father figures in their life. Also: how to make sure you do outlast your money.
Early Withdrawals
Jun 16 • 27 min
Withdrawing money form your retirement accounts is typically considered a “last resort” sort of move, but a recent Bankrate survey shows that close to 31 million Americans have taken or plan to take early withdrawals. This week, Granger offers advice for…
Replacement Ratio
Jun 8 • 29 min
An old rule of thumb states that we’ll need about 70% of our pre-retirement income, after we quit working. But MarketWatch says the median percentage for a 62-year-old retiree is now about 55% … and the corona virus recession is expected to drop that even…
Early Retirement Offers
Jun 1 • 27 min
A side effect of the recent economic downturn is that some employers are making “early retirement” offers, in the hopes of reducing expenses. Unfortunately, these offers sometimes come far too early and with far too few zeroes attached to make them worth…
The Importance of Multiple Streams of Income
May 31 • 28 min
The Motley Fool says one of the best ways to get through a recession is to have multiple sources of income, and that’s as valuable for retirees as it is for those that are still working. This week, Rick and Granger discuss how to generate those sources…
True Risk/Reward
May 18 • 26 min
Almost every day, we find ourselves in a situation where we have to weigh the risks of doing something against the potential reward. And while it was easy to say we were comfortable with high risk in the markets for the past 12 years, the first quarter of…
Retirement’s “Secret Ingredient”
May 13 • 27 min
A recent article in The Street stated that the missing ingredient in most retirement plans is safety. But as the markets have recently reminded us, that can be a relative term. On this episode, Rick & Granger talk about the balance between growth and…
Listener Q&A
May 12 • 26 min
With all the scary economic headlines recently, financial advisors have become quite popular! This week, Rick & Granger answer some questions that listeners have asked about their financial future. Plus: the current state of Medicare and Social Security.
The Bottom Line (of your 401K statement)
Apr 26 • 29 min
A lot of first quarter 401k statements arrived in the mail recently, and while many of us are reluctant to open them, it’s more important than ever to look at your asset allocation and see if it might be time to reassess your risk ability and risk…
Portfolio Reviews
Apr 20 • 26 min
Even the best portfolio can use a tune-up, and even if you had a review earlier in the year, Forbes says it wouldn’t hurt ti have another on in light of all the recent market changes. This week, Rick discusses what they look for in those reviews, and how…
Sequence of Returns in a Down Market
Apr 13 • 26 min
It’s been mentioned several times on the show that the “sequence of returns” risk can really do some damage if the market drops n the first few years of retirement. Well, the market has definitely done that this year, so this week rick and Granger talk…
Can I (Still) Afford to Retire?
Apr 6 • 27 min
That has always been a common question among pre-retirees, but it’s even more common lately. This week Rick & Granger talk about how your answer could still be the same as it was three months ago… And what to do if it isn’t.
The Bear Market and You
Apr 5 • 24 min
While the circumstances leading up the current bear market have been unprecedented, the way retirees and pre-retirees respond to it as the same as in previous down markets. Granger discusses the importance of staying the course if you have a solid plan,…
The Recent Correction
Mar 16 • 26 min
We’d be remiss if we didn’t discuss the recent market activity, and you’re totally within your right for it to have caused you a little bit of concern. This week, Rick offers some word of encouragement, not just for those who already have a plan in place,…
Hoping vs Planning
Mar 2 • 27 min
It’s one thing to hope for a nice retirement, it’s another to actually take the steps to make it happen. This week, Rick talks about the steps you can taker to make your hopes into a reality.
Investing for Retirement Like a Millennial
Feb 24 • 27 min
A recent article in CNN Business argues that “older investors should invest like they’re Millenials.” This week, Granger discusses why that can actually be a healthy idea when it comes to retirement.
Time For Another Bear Market?
Feb 17 • 28 min
Market Watch points out that we’ve had 20 bear markets since 1930, or one every four and a half years on average. Since we’re long overdue, Rick discusses how to position ourselves for whenever the next one may hit.
Spending More in Retirement
Feb 10 • 26 min
A recent Investopedia article found that some retirees actually spend more in retirement than while when they were working. This week, Rick & Granger discuss why that might happen, and how to properly plan for that without compromising the latter years.
DIY vs Calling a Professional
Feb 3 • 24 min
Some projects can definitely be DIY projects, but what about planning your own retirement? This week, Rick discusses the pros and cons of going it on your own.
A Lifetime Full of Saturdays
Jan 27 • 21 min
Retirees traditionally spend their first few years of retirement doing the things they’ve dreamed about while they were still working, AKA the “Go-Go Years.” Rick and Granger discuss the importance of planning to spend a little more in those first few…
The Importance of a Written Plan
Jan 20 • 27 min
Barron’s says that one of the most common financial mistakes is not having a written plan for your retirement. Rick and Granger discuss why having a formal plan is such a big deal.
The Five Retirement Myths
Jan 13 • 24 min
The start of a new year is a perfect time to reflect and reassess… and that includes your retirement plan (or lack thereof). This week, Rick and Granger discuss the Five Retirement Myths outlined in national bestselling retirement author Patrick Kelly’s…
The SECURE Act and you
Jan 6 • 28 min
At the end of the year, Congress approved major changes in the way people plan for retirement. It’s called the SECURE (Setting Every Community Up for Retirement Enhancement) Act, and this week Rick & Granger discuss how it could potentially affect you,…
The “A” Word
Dec 16, 2019 • 26 min
That is to say, “Annuities.” This week, Rick discusses some of the stigmas surrounding annuities, and how the could, or possibly couldn’t, be a useful part of your retirement plan.
Budgets: The Government’s and Yours
Nov 25, 2019 • 29 min
The federal deficit for the 2019 budget year has grown to more than $984 billion. But the government doesn’t have to operate on a budget like we do- if they need more money, it usually comes from a tax increase. This week, Granger discusses the…
Would You Rather: Lower Returns or Market Losses?
Nov 18, 2019 • 28 min
Obviously, the preferred answer is neither. But one of them can be considerably more damaging to your retirement plans. Granger explains, as well as why the first 5-10 of retirement are so important.
Low Interest Rates and the Retiree
Nov 11, 2019 • 25 min
The Fed cut interest rates at the end of October (the third cut in as many months), which is great for car loans and credit cards… but what about retirement savers? This week Rick discusses ways to offset low interest rates in retirement.
The “Science” of Retirement
Nov 4, 2019 • 24 min
Thanks to a historically long bull market run, many retirees and pre-retirees have become overconfident about how much money they think they’ll be able to safely withdraw in retirement. This week, Rick & Granger how using a little bit of science can help…
Taxes: Then and Now
Oct 28, 2019 • 24 min
33 years ago, President Reagan signed the Tax Reform Act of 1986, which lowered the then-top tax rate for ordinary income from 50%-28%. But could we see that top tax rate get that high again? Rick and Granger discuss the possibility, and discuss how to…
Black Monday
Oct 21, 2019 • 25 min
32 years ago, the Dow lost 22% of it’s total value in a single day in an event known as “Black Monday.” This week, Rick and Granger talk about whether or not something like that could happen again, and how to prepare for it if it did.
Rules of Thumb
Oct 14, 2019 • 26 min
In 1994, the 4% rule (which said you could spend 4% of your nest egg annually and have an enjoyable retirement) was established. That was 25 years ago, and 25 x 4= 100% of a nest egg being gone by now if that rule were followed. This week, Rick and…
The “Risk” of Living Too Long
Oct 7, 2019 • 26 min
How do you plan for a trip when you’re not sure how long it will last?That’s a similar problem many face as they approach retirement, and this week Granger discusses how to make those long-term plans. Also: when is enough when it comes to helpign out your…
Sequence of Returns
Sep 30, 2019 • 25 min
There are many things that can be controlled as you enter retirement. One of the things you can’t control is when a market correction happens. This week, Granger discusses ways to safeguard yourself in the event that a correction happens late, or even…
The Importance of Trust
Sep 23, 2019 • 26 min
Developing a plan that takes you to and through retirement means creating a relationship that will last you the rest of your life. So it only makes sense that you trust the person you’re in this relationship with. This week, Rick discusses the importance…
“De-risking” Your Nest Egg
Sep 16, 2019 • 25 min
As you get closer to leaving the workforce, the concern about market risk seems to increase. This week, Rick & Granger discuss ways to reduce that risk.
Planning Mistakes, RMDs and Roths
Sep 9, 2019 • 29 min
This week Granger discusses common planning mistakes pre-retirees make in the years leading to retirement. Also, the similarities between coaching in football/basketball and retirement planning.
How Much Is Enough for Retirement?
Aug 19, 2019 • 27 min
This week Rick discusses how there’s no “magic number” to answer that question. Plus, what a board game can teach us about our retirement plan.
Chickens and Your Nest Egg
Aug 12, 2019 • 30 min
Granger gives tips on how to keep from spending down your principle in retirement, plus when is it too early to start thinking about RMDs? (Apologies in advance for the number of bird puns in this week’s episode.)
Anxiety and Inflation
Aug 5, 2019 • 26 min
60% of Americans say they’re anxious about market investing due to the potential of a market crash. This week, Granger discusses whether that anxiety is warranted, and how to hopefully alleviate some of it as you approach/enter retirement.
Interest Rates and 401ks
Jul 29, 2019 • 26 min
This week Rick talks about what a potential project interest rate cut could do to your retirement plan, as well as how to navigate around it.
The British Open and Your Retirement
Jul 22, 2019 • 27 min
What can what was arguably the worst collapse in the history of the British Open teach you about retirement? Granger discusses this, as well as how your own life insurance policy can be used during your lifetime.
Will Your Budget Change In Retirement?
Jul 15, 2019 • 26 min
Will your budget change in retirement? Almost certainly, although not how you may expect. This week Rick discusses what may occur, and how to stretch that nest egg further.
Bernie Sanders and Your Retirement
Jul 8, 2019 • 26 min
Rick and Granger talk about the need to be emotionally detached to your retirement plan and weigh in on Bernie Sanders’ tax plan to eliminate student debt… And how that plan could affect your retirement.
Fear of Spending
Jul 1, 2019 • 26 min
After leaving the working world behind, a lot of retirees are hesitant to actually enjoy their retirement out of fear of running out of money. Rick and Granger discuss ways to alleviate that fear.
The First Years of Retirement
Jun 24, 2019 • 25 min
You’ve left the working world behind… now what? This week, Rick discusses how to “make the most” of the first few years of your retirement. Also, how to know you’ve got the right guy in your corner when it comes to financial advice.
“Finalizing” Your Retirement Plans
Jun 10, 2019 • 26 min
When should you have the details on your retirement plan worked out? Possibly sooner than you think. Also: the dangers of not having a strategy to social security claiming or healthcare costs in retirement.
Generating Income In Retirement
Jun 3, 2019 • 25 min
While retirement is traditionally a time for the distribution of your assets, it’s still important to continue generating income as well. This week, Rick and Granger discuss ways to do that, as well as how to potentially reduce tax obligations.
The Importance of Stress Testing Your Retirement Plan
May 27, 2019 • 24 min
How would an upcoming market correction affect your retirement plan? Granger discusses the importance of testing your plan before you leave the 9-5 for the last time.
Roth IRAs, RMDs and Annuities
May 20, 2019 • 26 min
Granger and Jeremy Smith have fun with some retirement alphabet this week, discussing the pros and cons of Roth IRAs, the things you need to know about RMDs, and the importance of a portfolio stress test.
Retirement Challenges For Women
May 13, 2019 • 27 min
Rick and Granger discuss the things women should be aware of when it comes to retirement, and the importance of having both spouses aware of the plan.
The Future of Social Security and Tax Efficiency
May 6, 2019 • 26 min
Rick and Granger discuss the recent federal warning the our Social Security Trust may run out of money by 2035.
Financial “Chores” and Hard Conversations
Apr 29, 2019 • 29 min
Rick and Granger discuss the chores and tasks people would rather do than deal with financial planning and the need to sometimes have conversations with clients that they may not want to hear.
Investing Risk and 401k Leakage
Apr 22, 2019 • 27 min
Rick and Granger discuss common retirement myths, the investing risk pre-retirees get as they get closer and closer to retirement, and the perils of withdrawing from your 401k too early.
Tax Freedom Day and the Bucket Approach
Apr 15, 2019 • 28 min
Rick Hughes discusses what Tax Freedom Day is, a proposed bill in DC that would allow you to save your money longer, and what people often get wrong about putting money into a retirement account.
Long Term Care Alternatives and RMD’s
Apr 8, 2019 • 28 min
Rick and Granger discuss long term care policy alternatives and what to do if you decide to take more than the “required minimum” when it comes to taking your RMDS (required minimum distributions).
Longevity Risk and Pension Buyouts
Apr 1, 2019 • 24 min
The #1 fear for most retirees is outliving their money. Rick discusses how to address that “longevity risk” as well as the pros and cons of pension buyouts, which can now be offered even after retirees are already collecting a pension.
Financial Check-Ups & Deciding When to Retire
Mar 25, 2019 • 26 min
Rick compares the discipline of student athletes the discipline of retirees, the importance of a financial check-up, and tax saving strategies that can still be used on 2018 taxes.
New Tax Proposals and Looking Forward to the Next Market Crash
Mar 18, 2019 • 25 min
Rick & Granger discuss a proposed bill that would tax stock trades, changes to Medicare Advantage in 2019, and why the next market correction could actually be a good thing for you.
Retirement Countdown
Mar 11, 2019 • 27 min
Rick and Granger discuss the things you should be doing to prepare for retirement, whether you’re ten years, five years, or even three months away from leaving the 9-5.
Converting Savings Into Income, Rolling 401ks to IRAs, RMDs
Feb 25, 2019 • 28 min
Granger discusses the transition period of converting savings into lasting income, the advantages of rolling 401ks into IRAs, and RMDs, or Required Minimum Distributions.
The Rising Cost of Healthcare, Minimizing Retirement Taxes
Feb 18, 2019 • 27 min
Rick and Granger discuss alternatives to the high costs of long term care policies, navigating the ups and downs of the market in retirement and how to budget for expenses that could be more than double your social security benefit.
Age Gaps In Retirement, Leaky Financial Pipes
Feb 4, 2019 • 27 min
Rick discusses how an age gap between spouses could affect retirement, what having a financial advisor help you with Social Security can do for your bottom line vs going it alone, and how to take advantage of the current tax cuts that are in effect.
Going Broke in Retirement, Annuities and Growth
Jan 28, 2019 • 26 min
Going Broke in Retirement, Annuities and Growth
The most overlooked issue in retirement planning, CD alternatives, and more….
Jan 21, 2019 • 26 min
The most overlooked issue in retirement planning, CD alternatives, and more….
How much it takes to retire comfortably, warning against complacency, and more….
Jan 12, 2019 • 25 min
How much it takes to retire comfortably, warning against complacency, and more….
How much you’ll need in retirement, Roth IRA conversions, Fixed Indexed Annuities
Jan 5, 2019 • 28 min
How much you’ll need in retirement, Roth IRA conversions, Fixed Indexed Annuities
Measuring investment success, baby boomer retirement concerns, and more….
Dec 23, 2018 • 28 min
Measuring investment success, baby boomer retirement concerns
The New World of Retirement Workshop!
Dec 19, 2018 • 1 min
The New World of Retirement Workshop!
When to claim Social Security , Emotional Investing, Guaranteed Income, and more!
Dec 9, 2018 • 25 min
When to claim Social Security , Emotional Investing, Guaranteed Income, and more!
Retirement Planning Mistakes, Balancing Investments and Guaranteed Income.
Dec 3, 2018 • 27 min
Retirement Planning Mistakes, Balancing Investments and Guaranteed Income.
The difference between different types of annuities!
Nov 26, 2018 • 27 min
The difference between different types of annuities
Regrets/ tax planning in retirement, future healthcare preparations, and more!
Nov 18, 2018 • 25 min
Regrets/ tax planning in retirement, future healthcare preparations, and more!
Market Correction, Lotteries, Pensions, and Annuities
Nov 4, 2018 • 27 min
Rick and Granger discuss market correction, lotteries, pensions, and annuities
Required Minimum Distributions Pre-planning and Saving beyond 401k’s
Oct 28, 2018 • 30 min
Required Minimum Distributions Pre-planning and Saving beyond 401k’s
Market pullback concerns, living on more than social security, and measuring up to others in retirement!
Oct 22, 2018 • 25 min
Market pullbacks, living on more than social security, measuring up to others in retirement
Fixed Index & Variable Annuities, Lifetime Income Strategies, and more!
Oct 19, 2018 • 24 min
Rick and Granger discuss annuities and life-time income strategies.
Maximizing your Social Security in Retirement & Tax Strategies
Oct 19, 2018 • 25 min
maximizing your social security in retirement, good tax strategies, and planning for taxes in retirement.
Fees, knowing what you’re paying for, retirement myths and mistakes!
Oct 16, 2018 • 24 min
Interest rate hikes, Fees & knowing what you are paying, retirement myths, and mistakes
How a Market Crash could affect Retirement
Oct 11, 2018 • 25 min
How a market crash could affect retirement.