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What is Longevity Planning? [PODCAST 46]

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In this week’s episode of the “Retirement Readiness” podcast, hosts Tim Regan and Katie Umland uncover how longevity planning can support a two-comma lifestyle in retirement (no matter how long you live).

Retirement isn’t just about saving up enough funds (although that’s a key piece). A strong retirement plan incorporates a holistic approach to your life both now and in the distant future. This comprehensive strategy is often called “longevity planning,” and considers your money, health, lifestyle goals, family, and more. 

“When we talk about longevity, it really turns into: How do I make sure I have enough money? How do I make sure I have enough healthspan?” Tim explains.

The answers to those questions vary from person to person. For example, Tim’s two-comma life includes staying within driving distance of his adult children and keeping up his health enough to visit often. 

But for nearly everyone, a crucial piece of longevity is continuous relationship-building. Tim and Katie note that it’s important to keep your future “brighter” than your past, which involves having conversations and connections with others. 

When it comes to the financial aspects of longevity planning, it’s tough to come up with concrete answers (after all, it’s nearly impossible to know just how long you’ll live). However, you can create ballpark estimates for your future income and expenses, and then make room in the margins for potential unknowns. A financial advisor can help you fill in those blanks and account for expenses you may not even have on your radar. 

“Your advisor should be able to help you with what we call margin decisions,” Tim says. “For example: I’ve got my money in the right asset allocation, and I’m taking about the right amount of risk, and I’m taking about the right amount of money out – that’s 80% of it.”

Those small movements in your financial plan compound over time, and could make a substantial impact on your overall longevity in retirement. And although your specific longevity plan will be unique to your goals and challenges, there are a few common patterns and fears you can address early on to help set yourself up for success. 

Hit play to learn more about the power of longevity planning, and be sure to explore our other “Retirement Readiness” episodes.

Key Timestamps and Topics

  • 00:00:35 – What is longevity planning?
  • 00:05:09 – The typical “stages” of retirement and common anxieties throughout the retirement journey. 
  • 00:07:36 – It’s important to consider healthcare costs and budgeting in retirement, but those factors shouldn’t stop you from living your life. 
  • 00:13:16 – Common fears of retirement, including running out of money, failing health, and the inability to leave something substantial to the next generation.
  • 00:14:59 – How physical mobility contributes to longevity.
  • 00:17:46 – How can you know if you will outlive your money?
  • 00:21:52 – The importance of having ballpark ideas for your future finances, while also accounting for “margin” expenses.
  • 00:23:20 – Tim and Katie share updates about their lives and the Easter holiday.

3 Key Takeaways

  1. Longevity planning involves various factors, including financial stability, healthspan, family relationships, sense of purpose, and more.
  2. Maintaining physical and mental well-being is essential for enjoying a long and active two-comma life in retirement.
  3. Common fears in longevity retirement include running out of money, failing health, and the inability to leave something substantial to the next generation.

Links

  1. PrairieView Wealth
  2. PrairieView’s Youtube

 

Start Looking Long-term with PrairieView

We can help you create a financial life plan that supports your goals of today and tomorrow. Click here to connect with a member of the PrairieView Wealth team and schedule a consultation. 

 

Facebook: https://www.facebook.com/PrairieViewWealthPartners

LinkedIn: https://www.linkedin.com/company/prairieview-wealth-partners/

Website: https://www.prairieviewwealthpartners.com/

 

[Disclosures]

PrairieView Wealth Partners, LLC is a registered investment advisor. Information in this message is for the intended recipient[s] only. Please visit our website prairieviewwealthpartners.com for important disclosures.

PrairieView Wealth Partners, LLC often communicates with its clients and prospective clients through email and other electronic means. Your privacy and security are very important to us. PrairieView Wealth Partners, LLC makes every effort to ensure that email communications do not contain sensitive information. If you are not the intended recipient of this communication, please delete and destroy all copies in your possession, notify the sender that you have received this communication in error, and note that any review or dissemination of, or the taking of any action in reliance on, this communication is expressly prohibited. We remind our clients and others not to send PrairieView Wealth Partners, LLC private information over email. If you have sensitive data to deliver, we can provide secure means for such delivery. Please note PrairieView Wealth Partners, LLC does not accept trading or money movement instructions via email. Please visit our website prairieviewwealthpartners.com for important disclosures.

Please remember to contact PrairieView Wealth Partners, LLC if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you want to impose, add, or to modify any reasonable restrictions to our investment advisory services. A copy of our current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request.

The information provided herein is for informational purposes only and does not constitute financial, or legal advice. Investment advice in an advisory capacity can only be rendered after delivery of PrairieView Wealth Partners, LLC’s disclosure statement (Form ADV Part 2) and execution of an investment advisory agreement between the client and PrairieView Wealth Partners, LLC.

6 Ways Finances Can Impact Your Mental Wellness (and What You Can Do About It!)

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We’re learning more and more in recent decades about just how important mental health is – in fact, it’s just as important as your physical health! 

But what exactly is “mental wellness?”

According to the Global Wellness Institute, mental wellness has four key components (thinking, feeling, connecting and functioning). It isn’t just a state of being or a lack of mental illness – it’s an ongoing process that “helps us to build resilience, grow, and flourish.” And while mental wellness happens internally, it can also be impacted by external stressors (like your finances). 

Luckily, you can take steps to recognize those stressors and make changes to alleviate them, and we’re here to help. Read on to explore six ways your money might be affecting your mind (and what you can do about it). 

Related: Click here to listen to “Health and Wellness in Retirement: How to Maintain Good Physical and Mental Health As You Age”

How Do Finances Impact Mental Wellness? 6 Facts About Money and Your Mind

1. Feeling financial stress is common 

Finances and mental wellness are inextricably connected. One recent survey found that a whopping 52% of Americans report money as their biggest stressor – beating out even health concerns or current world events. That number was also a 10% jump from the previous year’s findings, indicating that financial stress isn’t just common, it’s getting worse. 

What You Can Do: It’s easy to get stressed about money and avoid it altogether, but that might actually hurt more than help. Instead, consider connecting with a financial advisor who can guide you in making a plan and keep you on track, while also offering trustworthy advice. 

2. People don’t like to talk about it

Money may make the world go ‘round, but it’s not a great conversation starter here in the States. In fact, 62% of Americans find money a taboo subject for regular conversation. However, 66% indicated that they “believe money conversations can help more people achieve financial freedom.”

What You Can Do: Sharing your concerns can be a huge weight off your shoulders. Try to find a trusted friend, family member, or financial advisor you can talk to about your money, even if it feels uncomfortable at first!

3. Debt can make mental wellness more difficult to achieve

Debt, particularly high-interest debt, can be a major source of mental strain. Over 77% of Americans carry debt, and over half of those individuals “always or often feel stressed” about it. Additionally, a significant amount of respondents attributed debt-related stress to sleeping problems, anxiety, depression, and more. 

What You Can Do: The first step to taking control of your debt is to create a repayment plan. You may wish to prioritize high-interest debts and explore options like consolidation to lower your interest rate as well. 

4. More money really can make you happier

Although you may have heard that income only increases happiness up to about $75,000 – that theory has been countered in recent years. Forbes writes that when income goes up, general life satisfaction also increases, without a limit. Financial stability really does make you happier!

What You Can Do: While you may not have total control over your income, you do have control over what you do with it. Think through ways you can get the most wellness out of your income, both now and in the future. For example, many people find splurging on experiences rather than items to be more fulfilling. 

5. It’s more than just the number in your bank account – external factors have an influence, too

Financial stress doesn’t exist in a vacuum. Bankrate reports that “economic factors, such as inflation, rising interest rates and job security, are to blame” for rising financial anxiety in Americans. The top reported stressor from that list? Inflation and rising prices. 

Related: Click here to listen to “An Abundance Mindset: Giving Back to the Community Through CASA” 

What You Can Do: If you’re feeling stressed about economic factors that feel too big to tackle, consider volunteering or giving back to your community on a regular basis. Helping others can take your mind off your own worries and foster a sense of connection.

And if inflation is taking more of your paycheck than it used to, consider using that data to negotiate a higher raise next time you hit your annual work-versary. For example, a 5% raise might be negotiated higher if you point out that inflation rates were 3.2% from February 2023 to 2024. 

6. Your age may play a role

Lastly, remember that financial stress can impact people differently depending on their age. millennials and gen X-ers are most likely to feel their wallets burning, with 55-60% reporting finances as a cause of stress. Gen Z trails closely behind at 52%, while just 45% of baby boomers are part of the “money gives me anxiety” gang. 

What You Can Do: Develop a financial plan that considers your future needs and goals, keeping in mind that the wallet worries you have now will likely evolve over time. Becoming a homeowner, starting a business, creating a family – all of these events can bring new stresses to the forefront, and being aware and proactive can help. 

Related: Click here to listen to “What Does Health Look Like (and How Can You Be Healthy)?”

Your finances and your mental health are deeply intertwined. By understanding how money impacts your well-being, you can take proactive steps to create a healthier financial future, and a calmer, more balanced mind.

Schedule a Complimentary Consultation

Want to feel less stress about your money? Click here to schedule a complimentary consultation with a member of the PrairieView Wealth team. 

[Disclosures]

PrairieView Wealth Partners, LLC is a registered investment advisor. Information in this message is for the intended recipient[s] only. Please visit our website prairieviewwealthpartners.com for important disclosures.

PrairieView Wealth Partners, LLC often communicates with its clients and prospective clients through email and other electronic means. Your privacy and security are very important to us. PrairieView Wealth Partners, LLC makes every effort to ensure that email communications do not contain sensitive information. If you are not the intended recipient of this communication, please delete and destroy all copies in your possession, notify the sender that you have received this communication in error, and note that any review or dissemination of, or the taking of any action in reliance on, this communication is expressly prohibited. We remind our clients and others not to send PrairieView Wealth Partners, LLC private information over email. If you have sensitive data to deliver, we can provide secure means for such delivery. Please note PrairieView Wealth Partners, LLC does not accept trading or money movement instructions via email. Please visit our website prairieviewwealthpartners.com for important disclosures.

Please remember to contact PrairieView Wealth Partners, LLC if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you want to impose, add, or to modify any reasonable restrictions to our investment advisory services. A copy of our current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request.

The information provided herein is for informational purposes only and does not constitute financial, or legal advice. Investment advice in an advisory capacity can only be rendered after delivery of PrairieView Wealth Partners, LLC’s disclosure statement (Form ADV Part 2) and execution of an investment advisory agreement between the client and PrairieView Wealth Partners, LLC.



How Can You Stay Active in Retirement? [PODCAST 45]

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On this episode of the “Retirement Readiness” podcast, Tim Regan and Katie Umland discuss the importance of staying active both before and in retirement. From grabbing groceries to going on ski trips, it’s important to consider what activity level you hope to achieve during your golden years.

Life doesn’t end when you retire; rather, it’s a chance to truly embrace your hobbies and live the life you want. And while it’s important to have the savings and plan in place to fund your later life, it’s also crucial to think through what “active” might look like for you and incorporate that into your plan. 

“‘Active’ can have lots of different definitions, both before retirement, but then also in retirement,” Tim explains. “And what we found is that the people that are in retirement that are active mentally, physically – those are the ones that have longevity. They’re the ones that feel fulfilled.”

So what can you do to keep your mind and body in shape?

From taking classes online to in-person piloting classes, your imagination is truly the limit. However, Tim and Katie suggest that recent and pre-retirees also consider the progression of what their physical activity level might look like years and even decades down the road. As you age, you may have to adapt certain activities to fit your needs, which is fortunately becoming easier thanks to modern medicine and technology.

For example, Tim shares a story about a couple who have long enjoyed bike-riding together, but needed to find new ways to facilitate those rides. Over the years they’ve been able to keep up with their hobby through the help of recumbent bikes and even an electric motor adapted to the bike.  

Whatever you choose to try, it’s critical that you get out of your comfort zone occasionally. The moments we spend outside of our own “fishbowl” are what lead to true growth and learning. Katie notes that those moments might feel like relearning what you like to do without the constraints of a job, children, and other responsibilities.

“Maybe when I’m a little bit uncomfortable, maybe that’s a sign of what I should be doing because that’s a growth opportunity for me,” Tim agrees. 

Hit “play” to learn more about staying active in retirement, and or click here to explore our other “Retirement Readiness” episodes.

Key Timestamps and Topics

  • 00:02:05 – There are many different perspectives on what being active in retirement means.
  • 00:06:10 – With advancing technology, it’s easier than ever to stay active in later years.
  • 00:09:29 – Importance of having a sense of purpose in retirement for longevity.
  • 00:10:45 – A partner can help you keep active and hold you accountable, while also offering social engagement.
  • 00:12:45 – After your kids grow up and move out, it’s important to pick up hobbies with your spouse but also activities you enjoy on your own. 
  • 00:16:35 – Getting out of your “fishbowl” is key to continuous learning both pre- and post-retirement.
  • 00:18:45 – Tim shares how he’s pursuing his pilot’s license in 2024, a goals that’s been on his bucket list for many years.
  • 00:22:00 – Tim and Katie invite listeners to submit questions for the Mailbag segment via email or phone call. 

3 Key Takeaways

  1. Your version of “active” might include both your mind and body – and it probably looks different from others’.
  2. As you age, you may have to adapt your activities to fit your needs, which is fortunately becoming easier thanks to modern medicine and technology.
  3. It’s important to be uncomfortable sometimes and get out of your “fishbowl” to learn new things, even in retirement.

Links

  1. PrairieView Wealth
  2. PrairieView’s Youtube

Picture Your Future with PrairieView

We can help turn your retirement dreams into reality. Click here to connect with a member of the PrairieView Wealth team and get started today. 

 

Facebook: https://www.facebook.com/PrairieViewWealthPartners

LinkedIn: https://www.linkedin.com/company/prairieview-wealth-partners/

Website: https://www.prairieviewwealthpartners.com/

 

[Disclosures]

PrairieView Wealth Partners, LLC is a registered investment advisor. Information in this message is for the intended recipient[s] only. Please visit our website prairieviewwealthpartners.com for important disclosures.

PrairieView Wealth Partners, LLC often communicates with its clients and prospective clients through email and other electronic means. Your privacy and security are very important to us. PrairieView Wealth Partners, LLC makes every effort to ensure that email communications do not contain sensitive information. If you are not the intended recipient of this communication, please delete and destroy all copies in your possession, notify the sender that you have received this communication in error, and note that any review or dissemination of, or the taking of any action in reliance on, this communication is expressly prohibited. We remind our clients and others not to send PrairieView Wealth Partners, LLC private information over email. If you have sensitive data to deliver, we can provide secure means for such delivery. Please note PrairieView Wealth Partners, LLC does not accept trading or money movement instructions via email. Please visit our website prairieviewwealthpartners.com for important disclosures.

Please remember to contact PrairieView Wealth Partners, LLC if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you want to impose, add, or to modify any reasonable restrictions to our investment advisory services. A copy of our current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request.

The information provided herein is for informational purposes only and does not constitute financial, or legal advice. Investment advice in an advisory capacity can only be rendered after delivery of PrairieView Wealth Partners, LLC’s disclosure statement (Form ADV Part 2) and execution of an investment advisory agreement between the client and PrairieView Wealth Partners, LLC.

7 Secrets to a Sharper Mind: How to Stay Mentally Fit in Retirement

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Many financial planners talk about the importance of being “financially fit” for retirement – however, there’s an equally important piece of achieving the two-comma life: mental fitness.

We often stretch our mind muscles while working, whether that’s drafting emails or crafting business plans or even just chatting with colleagues. Once you retire, it may be more difficult to replace those daily brain-building activities.

Related: Click here to listen to “Health and Wellness in Retirement: How to Maintain Good Physical and Mental Health As You Age [PODCAST 37]”

In today’s blog, we’re exploring seven simple (and even enjoyable) ways you can keep your mind sharp post-retirement, from taking a class at your local college to volunteering in your community and more.

What is “Mental Fitness” – and Why is it Important?

Similar to physical fitness, mental fitness is about exercising your mind. Just like your body has several muscles you can train and build, your brain is a muscle that needs to be used to stay “in-shape” (regardless of your age). Mental fitness can help maintain – and even improve – your:

  • Memory
  • Problem-solving skills
  • Focus/attention span
  • And more

One recent study found that 32% “didn’t feel well prepared for the day-to-day realities of retirement.” Additionally, one in five adults aged 55 or older experience mental health struggles like anxiety, depression, mood disorders, and more. By keeping both your mind and body active, you can help reduce your chances of developing such disorders and better enjoy your retirement.

7 Ways to Maintain Mental Fitness Retirement

1. Audit a class at a local college

Many community colleges and universities allow senior citizens to audit a class for low or even no cost. For example, at Indiana State University, you can apply to audit a lecture-based class for just $5.00 per credit hour. 

Related: Click here to read “Retiring in 2024: Financial, Legal, Healthcare and Lifestyle Considerations”

Nowadays, colleges offer classes on nearly everything, from beekeeping to puppetry. If there’s a new skill or hobby you’ve always wanted to learn more about, this is a great way to get started!

2. Join a book club (or start your own!)

Book clubs are a great way to keep your mind busy while also creating regular opportunities for socialization with friends. Discussing characters, plots, and themes with fellow bookworms keeps your mind engaged and fosters critical thinking. 

And if you can’t find a book club that interests you, why not take the initiative and form your own? Gather some friends or neighbors who share your passion for reading, choose a book that piques everyone’s interest, and schedule regular meetings to get started. 

3. Start journaling

Journaling is more than just recording your daily activities – it can help to reduce anxiety, promote self-reflection, and regulate emotions. 

Related: Click here to listen to “Financing Retirement: Social Security, Pensions and Personal Savings [PODCAST 19]”

Set aside a time at the beginning or end of each day to add journaling into your routine. You can also set a reminder through the clock app on your phone to help keep you on track. Then, find a quiet spot and write for 5-10 minutes. If you’re struggling to fill the page, you can also choose a journal that provides built-in prompts.

4. Play word games and other mind puzzles

Technology may have a reputation for rotting our brains, but in some ways, it can be a great ally in maintaining mental fitness.

For example, many people enjoy completing the New York Times’ word-guessing game, Wordle, or the crossword puzzle each day. If you’re interested in learning a new language, the free Duolingo app offers bite-sized lessons you can complete from anywhere – all you need is your phone!

5. Volunteer

Volunteering is a rewarding way to give back to your community while keeping your mind and body active, providing a sense of purpose and accomplishment. Many libraries, pet shelters, and even pre-schools rely on help from volunteers and are even willing to train you. 

Similarly, a part-time job in a role that interests you can help get the gears turning and provide that fulfillment while also adding a little extra money to your budget.

Related: Click here to listen to “An Abundance Mindset: Giving Back to the Community Through CASA [PODCAST 39]”

6. Get a pen pal

Handwritten letters were all the rage before the invention of email – but snail mail might be making a comeback. Becoming a pen pal, in which you send and receive letters from another on a regular basis, can encourage you to learn about different perspectives, hone your writing skills, and broaden your horizons.

There are several websites you can use to connect with a pen pal. You may also find a program at your local hospital, schools, or even penitentiary!

7. Stay active

Remember, your mind and body are interconnected. Research from the CDC shows that exercise not only improves your physical health, but also benefits your cognitive function by improving memory and reducing your chances of developing dementia.

Consider adding an evening walk to your post-dinner routine to improve your mental fitness in retirement – and add an extra dose of healthy socialization by inviting a friend to come along.

Retirement is a time for freedom, exploration, and personal growth. By prioritizing your mental fitness with the above suggestions, you can ensure that your mind stays sharp, engaged, and ready to embrace all the possibilities that retirement offers.  

Create a Plan for Your Finances – and Your Life

A well-rounded retirement plan involves more than just crunching numbers and paying bills. At PrairieView Wealth Partners, our team helps you craft a roadmap for a happy, healthy retirement. Click here to schedule a complimentary meeting and get started today. 

 

[Disclosures]

PrairieView Wealth Partners, LLC is a registered investment advisor. Information in this message is for the intended recipient[s] only. Please visit our website prairieviewwealthpartners.com for important disclosures.

PrairieView Wealth Partners, LLC often communicates with its clients and prospective clients through email and other electronic means. Your privacy and security are very important to us. PrairieView Wealth Partners, LLC makes every effort to ensure that email communications do not contain sensitive information. If you are not the intended recipient of this communication, please delete and destroy all copies in your possession, notify the sender that you have received this communication in error, and note that any review or dissemination of, or the taking of any action in reliance on, this communication is expressly prohibited. We remind our clients and others not to send PrairieView Wealth Partners, LLC private information over email. If you have sensitive data to deliver, we can provide secure means for such delivery. Please note PrairieView Wealth Partners, LLC does not accept trading or money movement instructions via email. Please visit our website prairieviewwealthpartners.com for important disclosures.

Please remember to contact PrairieView Wealth Partners, LLC if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you want to impose, add, or to modify any reasonable restrictions to our investment advisory services. A copy of our current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request.

The information provided herein is for informational purposes only and does not constitute financial, or legal advice. Investment advice in an advisory capacity can only be rendered after delivery of PrairieView Wealth Partners, LLC’s disclosure statement (Form ADV Part 2) and execution of an investment advisory agreement between the client and PrairieView Wealth Partners, LLC.



Balancing Risk and Reward in Retirement Investments [PODCAST 44]

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Join Tim Regan and Katie Umland as they discuss the relationship between risk and retirement when building investment portfolios for retirement. Learn what “risk” really is, how it factors into a two-comma life, and how you can find your personal risk number today. 

Building a nest egg for retirement is a marathon, not a sprint – and understanding your risk tolerance is crucial for navigating the long road. But what exactly is “risk?”

“The way I like to think about risk really is: What’s the likelihood that I’m not going to get the outcome that I’m looking for?” Tim explains.

While you can’t eliminate all risk, you can understand your personal “risk tolerance” to find investments that fit your specific needs and goals and balance out potential losses and gains. 

Tim and Katie compare risk tolerance to a personal speed limit – too slow, and you’re not getting where you want to go; too fast, and you’re putting yourself at unnecessary risk. The key to proper risk management is to explore your own risk tolerance and make a plan based on those factors.

At PrairieView, clients learn their unique risk tolerance through a combination of advanced Nitrogen software and one-on-one conversations with experienced financial professionals – combining real data with the human element only advisors can provide. 

The best part? You can take advantage of that risk tolerance questionnaire completely free and from the comfort of your home – it’s available right on the PrairieView website. 

“It’s not just ‘how much do I have in stocks and bonds,’ but it’s also ‘what’s my tax treatment and how do I diversify from a tax perspective?’” explains Tim. “Because if you think about all of those different risks, there’s the risk of losing money, the risk of running out of money, the risk of not getting the desired result – but there’s also the risk of ‘I lost half of my earnings to taxes because I didn’t plan for that.’”

Tune into the full episode to learn more about how balancing risk and reward can help you achieve your two-comma life, and start building a portfolio crafted for your own specific risk levels.

Click here to explore our other “Retirement Readiness” episodes. 

[Embed episode video here]

Key Timestamps and Topics

  • 00:00:50 – What does it mean to balance risk and reward in a portfolio?
  • 00:02:36 – How PrairieView utilizes a risk assessment tool called Nitrogen to determine personal risk tolerance.
  • 00:03:59 – The hosts discuss how risk tolerance may change over time and its impact on financial planning.
  • 00:05:17 – What is risk management and why is it important in financial planning?
  • 00:06:30 –  Defining risk as the likelihood of not achieving desired outcomes in financial planning.
  • 00:08:09 – The importance of aligning risk tolerance between spouses and the impact on financial decisions.
  • 00:10:06 – Addressing potential changes in market yields and the need for portfolio risk assessment.
  • 00:11:41 – Why diversification, including tax diversification, is key in managing risks.
  • 00:15:46 – Tim and Katie encourage listeners to assess their risk scores and portfolio risk to ensure alignment with financial goals.

3 Key Takeaways

  1. Risk tolerance is your comfort level with the possibility of losing money in exchange for potentially higher returns. Each individual has their own risk tolerance, which should be considered when making investment decisions.
  2. Understanding your unique risk tolerance – and aligning it with your financial goals for retirement – is crucial for long-term financial success.
  3. Life events can impact your risk tolerance and overall goals, so it’s important to regularly reassess your risk profile and check in on your investments.

Links

  1. PrairieView Wealth
  2. PrairieView’s Youtube

Make a Plan for Your Future with PrairieView Wealth

Want to discover your risk tolerance? Wondering if your retirement portfolio is balanced between risk and return? Click here to connect with a member of the PrairieView Wealth team and get started today. 

Facebook: https://www.facebook.com/PrairieViewWealthPartners

LinkedIn: https://www.linkedin.com/company/prairieview-wealth-partners/

Website: https://www.prairieviewwealthpartners.com/

 

[Disclosures]

PrairieView Wealth Partners, LLC is a registered investment advisor. Information in this message is for the intended recipient[s] only. Please visit our website prairieviewwealthpartners.com for important disclosures.

PrairieView Wealth Partners, LLC often communicates with its clients and prospective clients through email and other electronic means. Your privacy and security are very important to us. PrairieView Wealth Partners, LLC makes every effort to ensure that email communications do not contain sensitive information. If you are not the intended recipient of this communication, please delete and destroy all copies in your possession, notify the sender that you have received this communication in error, and note that any review or dissemination of, or the taking of any action in reliance on, this communication is expressly prohibited. We remind our clients and others not to send PrairieView Wealth Partners, LLC private information over email. If you have sensitive data to deliver, we can provide secure means for such delivery. Please note PrairieView Wealth Partners, LLC does not accept trading or money movement instructions via email. Please visit our website prairieviewwealthpartners.com for important disclosures.

Please remember to contact PrairieView Wealth Partners, LLC if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you want to impose, add, or to modify any reasonable restrictions to our investment advisory services. A copy of our current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request.

The information provided herein is for informational purposes only and does not constitute financial, or legal advice. Investment advice in an advisory capacity can only be rendered after delivery of PrairieView Wealth Partners, LLC’s disclosure statement (Form ADV Part 2) and execution of an investment advisory agreement between the client and PrairieView Wealth Partners, LLC.

What Does Health Look Like (and How Can You Be Healthy)? [PODCAST 43]

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This week, host Tim Regan is joined by Nick Becker, the owner of Aspire Gymnastics Academy in Joliet, Illinois, to discuss how you can plan your lifestyle, health choices, and longevity for a more fulfilling life. 

Health can be an overwhelming concept, especially when you consider that every single decision – from the movements you make to the foods you eat and even the amount of sleep you get – each contribute to or detract from your overall wellness.

Today, we’re teaming up with special guest Nick Becker to explore what you need to know about health, such as how being intentional about what you consume can significantly impact both your health outcomes and financial savings (regardless of your age). And just like with your finances, the small everyday decisions you make now will likely shape your future retirement.

Nick joins the podcast to answer questions about:

  • How various diets and lifestyle choices, such as the ketogenic diet and intermittent fasting, can boost mental clarity, energy levels, and overall health.
  • The importance of proactively addressing health issues to optimize hormone levels, leading to improved energy levels, mood, and quality of life.
  • How the decisions you make today can impact your overall longevity 

One of Nick’s intentional health decisions involves fasting, which is planned periods of time without consuming food. 

“The aging process is really your cells not multiplying as fast as they did,” he explains. “So you’re killing more cells than you’re producing and that’s where the aging comes in. When you do this fasting cycle, your cells are not dying off as fast and they’re starting to multiply faster than they would if you’re constantly eating.”

He also explores how ice baths can help your body heal faster and provide mental clarity. 

“If you’re doing all this preventive maintenance stuff and you’re feeling good, you’re not going to reach for that cookie.”

Tune in to the full episode to learn more methods you can use to boost your health, or click here to explore our other “Retirement Readiness” episodes. 

Key Timestamps and Topics

  • 00:01:40 – Meet Nick Becker, Owner of Aspire Gymnastics Academy
  • 00:02:33 – How do health, metabolism, and energy work?
  • 00:09:25 – What is a “fasted state?”
  • 00:11:11 – Explore how hormones affect the body
  • 00:14:03 – Tim and Nick discuss how our ideas of a healthy lifestyle have changed over time
  • 00:15:02 – How do lifestyle choices and longevity intertwine?
  • 00:17:12 – What are the benefits of an ice bath?
  • 00:23:30 – How can you fuel your body with healthy food?

3 Key Takeaways

  1. Just like small financial decisions shape your future retirement, being intentional about diet and lifestyle choices can lead to better health outcomes and financial savings down the road.
  2. Hormone replacement therapy can significantly impact energy levels and overall health, even if within the “normal” range.
  3. Practicing fasting, ketogenic diet, and cold plunges can have positive effects on mental clarity and overall well-being.

Links

  1. PrairieView Wealth
  2. PrairieView’s Youtube
  3. Aspire Gymnastics Academy

Let’s Create a Plan for Your Future

A great financial plan goes beyond your bank accounts. Connect with a member of the PrairieView Wealth team and explore what your retirement might look like. 

 

Facebook: https://www.facebook.com/PrairieViewWealthPartners

LinkedIn: https://www.linkedin.com/company/prairieview-wealth-partners/

Website: https://www.prairieviewwealthpartners.com/

 

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