Was 2020 your year to retire? Has the pandemic and market volatility caused you to change your mind? Is it still possible to retire in 2020?  Hear how Steve helps people just like you comb through the many income options and decisions and puts a plan together that works specifically for YOU.  Call Steve today for a Complimentary Portfolio Review! This is a great time to see if you are on the right track on your financial road to retirement! See omnystudio.com/listener for privacy information.

Steve welcomes teammate Derrick to the show! Derrick talks about what makes Hoyl Financial stand out among other financial advisors, what makes Steve so special as an advisor and how they focus on creating and building a relationship as a foundation with clients. Plus, hear some great client stories ! Is Steve a fit for you? Is Hoyl Financial a fit for you? Find out!  If you have questions, concerns or FEARS about planning for your retirement, call Steve and the team today for your Complimentary Portfolio Review! See omnystudio.com/listener for privacy information.

It’s probably the most asked question to any financial advisor, “how much money do I need? Is there a magic number?” First, everyone’s situation is different so everyone’s “magic number” will be different. There is no one standard that says once you have saved "X" amount of money you can retire. You actually need various types of income, that's where you hear about saving in different buckets of money. In this episode, Steve discusses those buckets of money, his process and how he treats his clients like family.   Retirement Fun Facts from The Motley Fool: The average American retires at age 63. The average retirement lasts 18 years, but many last much longer. Plus, who knows what the retirement life expectancy will be by the time you get there? I recommend that you err on the side of caution and plan on a 30-year retirement. You'll need $1,060,751 in savings if you expect to draw $5,000 per month for 30 years, assuming 6% annual investment returns and 2% inflation. Depending on how much income you expect from your savings, adjust this amount higher or lower to come up with your retirement "number."  Americans know they won't have enough money, but still won't saveThe vast majority of those in the prime of their careers are aware they have a problem with their retirement savings. They're right. The average 50 year old has $42,797 saved. If you look at the retirement "number" from the previous section, it's easy to see that this isn't even close. The average net worth (assets minus debts) of a 55-64 year old is $45,447. 45% of Americans have saved nothing for retirement, including 40% of Baby Boomers. 38% don't actively save for retirement at all. 20% of Americans tap into their 401(k) assets early, either through a loan or withdrawal. 80% of Americans between the ages of 30 and 54 believe they will not have enough saved for retirement.  See omnystudio.com/listener for privacy information.

What would you be willing to sacrifice in exchange for retiring ten years sooner than planned?  According to a new Finance-Buzzsurvey, a third (32%) of Americans would give up shopping for two years.  A fourth (26%) would agree to quarantine for an additional six months.  And 8% would even give up the family pet!  What does it take to be able to retire early?  Then, CNBC says leaving a 401(k) behind at an old job is like putting money in a box under your bed and forgetting that it’s there.  But the idea of doing a rollover is a little intimidating to some people.  Steve explains his easy and simply way to walking you through the process.  Call Steve Today for your Complimentary Portfolio Review!   See omnystudio.com/listener for privacy information.

A recent study by CreditCards.com found that roughly 13 million people have either a bank account or a credit card that they’re hiding from their spouse.  How can having financial secrets hurt our portfolios?  If you have questions, concerns or FEARS about planning for your retirement, call Steve today for your Complimentary Portfolio Review! See omnystudio.com/listener for privacy information.

The Motley Fool says one of the best ways to get through a recession is to have multiple sources of income. The #1 fear of planning for retirement is running out of money. So, how can you avoid this?  If you have a pension, will it be there when you really need it? What other sources of income can you create for yourself NOW to prepare for a better future? Steve talks about his different tools and strategies he uses to make sure clients don't run out of income!  Remember, your retirement plan is NOT cookie cutter. That's why its so important to sit down with Steve and discuss your specific situation. Call Steve Today for your Complimentary Portfolio Review! See omnystudio.com/listener for privacy information.

For three decades Steve has been helping people JUST LIKE YOU cross that retirement finish line. Let's face it, it can be confusing and overwhelming, but thats where Steve and his team come in. When you work with Steve, its his family, serving your family. Steve is passionate about helping you and your family create that income for life so you can retire with that added peace of mind.  If you're interested in meeting with Steve for a Complimentary Portfolio Review, call Steve today! This is a great opportunity to see where you stand today, what can you do to reach your retirement goals, avoid making financial mistakes that can set you back, and more!     See omnystudio.com/listener for privacy information.

Sometimes, we talk about the “myths” of retirement.  And Forbes says one of the most common ones is that we’ll be in a lower tax bracket, when we quit working.  That certainly seems to make sense – why would it not be true?  Then, how much weight do you put on your financial decisions based on who is in the White House? How will this upcoming election impact you, your money and your retirement?   If you're interested in meeting with Steve for a Complimentary Portfolio Review, call Steve today! This is a great opportunity to see where you stand today, what can you do to reach your retirement goals, avoid making financial mistakes that can set you back, and more!  See omnystudio.com/listener for privacy information.

Are you working to just pay off your debt? Steve shares his ideas and strategies and how he can help you pay down this debt sooner rather than later, and even retire sooner! There’s a theory that pops up every so often, suggesting that – with the impending wave of baby boomer retirements – we’ll all be getting out of the stock market at the same time.  That, in effect, would drive stock prices lower – which would probably not be good for our nest eggs.  Should we be concerned? Call Steve today for a Complimentary Portfolio Review. Steve can make sure there are no gaps in your income plan, plus, are your accounts being managed in the most tax efficient way possible? Find out today!     See omnystudio.com/listener for privacy information.

One of the drawbacks of a 401(k) is that – when you leave a job – rolling the money into a new account can be a bit of a hassle. You wouldn't believe the number of people that FORGET about their old 401K completely!  But CNBC’s Sharon Epperson says there’s a new feature that will eventually simplify that process called auto portability. That sounds great but –  there aren’t many places that offer it yet, so for now we're stuck moving it ourself. But, the good news is Steve is here to help! Find out why he doesn't charge to help someone with a rollover, and what he means when he says, "100% of your hard earned money goes to work for you!"  What's a Roth IRA and is it a fit for you? How can it help you be more tax efficient in the future? What if Steve could show you how you could have a tax free income?  Retirement is 75% emotional and 25% about the numbers. Lets figure out what retirement looks like for you - its all about YOU and what's best for YOU and your household.  Call Steve today for a Complimentary Portfolio Review. Steve can make sure there are no gaps in your income plan, plus, are your accounts being managed in the most tax efficient way possible? Find out today! See omnystudio.com/listener for privacy information.

Even though the markets have been doing well, the overall economy is still struggling.  But not everyone agrees with that.  Wall Street veteran Jeff Saut thinks the market is going to sky rocket! Who do we believe? Are we headed to another record high, or should we start paying more attention to the amount of risk in our portfolios? Steve shares his vision of where he thinks we are headed, how to prepare for whatever comes our way with the market and the economy and most importantly, why its crucial to act now, protect your assets and hear how Steve can help you GROW your assets.  If you're interested in meeting with Steve for a Complimentary Portfolio Review, call Steve today! This is a great opportunity to see where you stand today, what can you do to reach your retirement goals, avoid making financial mistakes that can set you back, and more!    See omnystudio.com/listener for privacy information.

Do you have a plan or even starting planning? Steve explains how important it is to start planning TODAY! Then, hear how Steve helps his clients create the income they need to support themselves financially, fulfill their bucket list and be ready for whatever happens in the future. Did you know the #1 fear of planning for retirement is running out of money? Just like you do during your working years, even in your retirement there has to be some give and take; otherwise you could be in big financial trouble or even run out of money!  Plus, According to Fidelity, retirement savers have been following “generic financial advice,” which is to stay invested in the market  and keep contributing to their 401(k)s and IRAs.  Is that what we should be doing? Steve weighs in!  Contact Steve today and setup a time for a phone call, a ZOOM meeting or if you feel comfortable, come in the office where we have all safety precautions in motion and are practicing social distancing. See omnystudio.com/listener for privacy information.

Let's be honest, we're in uncharted territory right now.  There's volatility in the market and some analyst say we are headed towards another bull market (when the market is WAY up) while others are saying we're headed for another recession. Who do we know who to believe? Are we headed towards another 2008?  Find out why Steve says, "it doesn't matter what happens in the market or on Wall Street!" Find out how you can take control of YOUR money, GROW your money and PROTECT your money!  Call Steve today for a complimentary Portfolio Analysis. Get an idea of where you stand today, how much risk are you taking? What can you do differently to make your portfolio stronger? For over 30 years Steve has been helping people just like you! See omnystudio.com/listener for privacy information.

A Bankrate survey estimates that 31 million Americans have taken – or plan to take – early withdrawals from their retirement accounts.  I know that should be a “last resort” kind of move, so what’s your advice for people who are considering it? What about your kids borrowing money from you ALL the time, how can that impact your financial future for retirement?  Call Steve today to setup a complimentary consultation over the phone, ZOOM or in person! Click HERE for details.  See omnystudio.com/listener for privacy information.

Find out how Steve and his team are adjusting to this "new normal" hosting ZOOM meetings with clients. Plus, Steve shares his advice for people on how can they make their money back during this current market volatility. Plus, what are some common concerns people have with their 401Ks? See omnystudio.com/listener for privacy information.

We all just want to go back to "normal," right? Seems what we are living today is our "new normal." So what can we do to better position ourselves for when the economy goes up and (hopefully) soon fully recovers? Steve explains why his tools and strategies can help you make sure you are in the right position today and tomorrow, no matter what the market is doing. Plus, have you ever heard of the "Rule of 100?" Hear why this strategy can help you manage your risk tolerance. Plus, if you would have known the financial crisis of this health crisis was coming, what would you have done differently?  Steve and his team are back in the office ready for meetings - using social distancing of course and using proper sanitation and cleaning processes. Steve is also available via phone and ZOOM meetings. Call today, start the conversation. You can't help what comes in the future, but you CAN help what happens to you AND your MONEY in the future.  Contact Steve today! See omnystudio.com/listener for privacy information.

If you're concerned about your 401(k), your money, your retirement, know that you are not alone.  Oil prices are plummeting, the market is struggling and we are all wondering what it will take to get back to "normal."  Steve gives his professional advice for what we can do now to be prepared for a better future, adding that added sleep insurance and protection to your money.  Contact Steve today for a virtual meeting!    Note: Market values may have changed when this podcast was published. See omnystudio.com/listener for privacy information.

Craig Anderson of KWEL interview Steve about his opinion on the recent market, the financial crisis we could face, what we can do about it and HOW we can protect our money today!  Call Steve today for a virtual appointment!  See omnystudio.com/listener for privacy information.

They’re calling it “the biggest rescue package in history.” The federal government is spending $2 trillion to help overcome the economic damage from the corona virus. I’m not questioning the need for a stimulus … but we should remember that we’re eventually going to have to repay that money, one way or another. And I’m guessing repayment will come in the form of higher taxes, somewhere down the line. What’s that going to mean for our retirement? Most of us will be receiving a $1200 check, as part of the stimulus package approved by Congress. For those who don’t need that money right away, any recommendations for what they should do with it? One provision of the new stimulus package waives Required Minimum Distributions for 2020.  Waiving RMDs and great news if you don’t need the money but, is there anything we can also do to reduce those RMDs in the future? Then, its it too late if you were planning to retire in 2020? The good news is Steve is here to help you and to be a resource during these uncertain times. You can connect with him on the phone and set up a virtual meeting!   See omnystudio.com/listener for privacy information.

There are many things in life we can't control - two of them being, the market and this crazy corona virus. So, what can you do during this time of uncertainty? Steve Hoyl, with over three decades of experience says DON'T PANIC! Find out what Steve says you SHOULD be doing during this time and how you can better position yourself for WHEN the market goes back up.  Plus, with new terms like "social distancing" Steve is offering phone consultations and virtual meetings. You know how you FaceTime your family and friends? These virtual meetings are similar and just as simple!  Contact Steve today - the worst thing you could do right now is nothing. Do something. Look at your accounts, see where you stand, and Steve will walk you though any decisions that need to be made to get you back on the right path. See omnystudio.com/listener for privacy information.

Over the past few weeks we have seen major volatility in the market, what does that mean for you and your money? What does it mean when Wall Street halts the market? Steve talks about how you capitalize when market going up and when it goes down you will be protected. If you'd like to schedule a time to talk with Steve and set up a virtual appointment, CLICK HERE !  See omnystudio.com/listener for privacy information.

If we want to have a nice retirement, there are certain steps we need to take to make it happen, right?, Good news:  The “Shamrock Shake” is back!  McDonald’s offers the green, mint-flavored, milkshake for a limited time each year, right around St. Patrick’s Day.  And since it was first introduced in 1970, this is the shake’s 50th anniversary!  So, think about this:  If you’d bought ten dollars’ worth of McDonald’s food in 1970, it would cost you sixty-seven dollars to buy that same amount of food today! How’s that for inflation? Ever think about how inflation will impact your retirement? See omnystudio.com/listener for privacy information.

 In 1970, we were paying about $118 a year, per person, in out-of-pocket health care costs.  Today, that number is more than $4500 a year!  What does that tell us about our likely health care expenses in retirement ?  We’re all looking for ways to improve our tax situation and one of the most popular tools for that is the Roth IRA.  Unfortunately, income limits mean that not everyone is eligible to contribute to a Roth.  Steve explains why some should consider whats called a "backdoor roth."  See omnystudio.com/listener for privacy information.

Why is it so important for you to pay attention to this new Secure Act? Plus, did you know your kids retirement could depend on decisions you make today for your retirement?  Steve explains why planning for retirement is 25% numbers and 75% emotions and much more!     Retirement Fun Facts from The Motley Fool: 47% have saved less than $25,000 saved for retirement. Millions get 90% of their retirement income from SS Theirs a $16,728 SS bonus most retirees completely overlook.  See omnystudio.com/listener for privacy information.

Steve shares family memories of the lessons he learned from his Grandmother and the values he learned growing up that he applies to his work today. Steve talks about how life can throw you curves but as long as you have plan in place, you have that plan B available and you are able to tweak your current plan.  Is it ever too late to put a plan together? How do you create a plan fighting against inflation or the increase of taxes and healthcare? Plus, what makes Steve different than other financial advisors? Listen now!See omnystudio.com/listener for privacy information.

Fun fact about Steve Hoyl – he’s a cat lover! Steve shares the simple lessons he learned from his furry friend, Sir Louis Vuitton, the transitions of life, and how preparing and planning your retirement is a team effort.  At the end of the day, when it comes to planning your retirement, its 25% numbers and 75% emotion. What does your retirement look like? Have you created that bucket list? Steve also discusses how important it is for everyone to be on the same page and it’s a team effort in putting together the perfect customized plan for you. When the paychecks stop, where is your income coming from? That’s where Steve comes in!  What’s retirement look like to you? Call Steve today! See omnystudio.com/listener for privacy information.