Financial and retirement planning guidance with Mark Howard of the Howard Financial Group in Savannah. Mark has almost three decades of experience in the financial industry, has been published in the Wall Street Journal, Barron's, South Magazine and several other publications. He has also been featured on the Savannah Morning News. In addition to clients in Savannah, Mark also serves Hilton Head, Bluffton, Statesboro, and the rest of the Low Country. To get your own Financial Game Plan, contact Mark today at 888-511-PLAN (7526) or go to HowardFinancialGroup.com
Today we’re going have a little fun by playing a game of Overrated, Underrated, or Rightly Rated. We’re going to present some financial products or ideas and Mark will tell us which category he thinks they fall into. Join us as we discuss the importance of financial planning for retirement, including the benefits of setting up a Roth IRA and making consistent contributions. We’ll also explore the overrated and underrated aspects of various financial concepts, such as tax refunds, mortgage payoff strategies, and variable annuities. Here’s some of what we discuss in this episode: Why getting a tax refund is overrated. What does Mark think about the movie ‘Gone With The Wind?’ Should you pay your mortgage of early or wait? Why Mark feels like variable annuities are overrated. The opinions on Roth IRAs can swing in both directions. Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
2/6/25 • 12:19
Today we’re going to have a little fun on the show by tackling the risks and realities of retirement planning by playing a game called ‘Two Truths and a Lie.’ We’ll challenge common beliefs about inflation, interest rates, and emergency funds by explaining what’s true and what is actually a myth. Here’s some of what we discuss in this episode: Bonds don’t do as well in an inflationary environment. Rising interest rates actually help savers. You don’t want to have any risk when it comes to your emergency fund. Market crashes can present great buying opportunities. Will Social Security ever just go away? Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
1/16/25 • 09:35
At times in life, we are presented with tough situations. While we can’t always control the situations that are handed to us, we can control how we respond to them. Today, we’ll discuss some challenging financial situations- such as market crashes, capital gains taxes, and even job loss- and instead of dwelling on the negatives, we’ll focus on finding the silver linings! Here’s some of what we discuss in this episode: What opportunities can exist in the event of a market crash Capital gains taxes mean you made a lot of money How interest rates work in two different directions Finding yourself and taking a moment to reset after losing a job Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
1/2/25 • 10:11
You never know where good advice will come from, which is what you’ll find out today. Mark is exploring unexpected sources of financial wisdom from unlikely figures like Lindsay Lohan, Rosie O'Donnell, and Mike Tyson. Discover how recognizing your own emotional barriers, avoiding blanket financial advice, and having a flexible plan can lead to a successful retirement strategy. Here’s some of what we discuss in this episode: In investing, we can be our own worst enemy at times. Tuning out some of the noise that comes from 24 hour financial news channels. Building a plan that allows you to roll with the punches. Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
12/19/24 • 09:51
When it comes to planning for retirement, many people focus on the obvious questions like how much money they need to save or when they should start drawing from their retirement accounts. However, there are several crucial questions that often go unasked but can significantly impact your quality of life during retirement. In this episode, we’ll explore these overlooked aspects of retirement planning. Here’s some of what we discuss in this episode: When will your life be downsized? How does the ‘widow’s tax’ impact your decisions in retirement? Challenges when you lose the ability to drive. Do you know who will be taking care of you late in life? Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
12/5/24 • 11:26
Planning for retirement is, at its core, about creating a reliable income plan. In order to enjoy the retirement you’ve dreamed of, you need to have a clear plan for covering your day-to-day expenses. In this episode, Mark will break down some of the key aspects of income planning for your retirement. Here’s some of what we discuss in this episode: Adjusting your perspective on planning so you don’t outlive your money How Social Security is like a fine wine Don’t assume that bonds will be a primary source of retirement income Making sure that you are taking inflation into account Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
11/21/24 • 10:51
Arnold Schwarzenegger is known for his accomplishments in bodybuilding, acting, and politics, but his quotes offer more than just entertainment. They can provide a unique perspective on financial planning, especially when it comes to retirement. In this episode, Mark Howard explores how the mindset of a champion can be applied to the world of finance. From visualizing success to marching to the beat of your own drum, Arnold's words offer a fresh take on achieving financial clarity and confidence. Here’s some of what we discuss in this episode: How investing when you’re younger differs greatly from investing as you get near retirement. Using visualization as a tool to help achieve your retirement goals. In certain situations, you don’t always want to be going in the same direction as everyone else. The value of being consistent and intentional in building your wealth. Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
11/7/24 • 09:13
Whether you're considering downsizing now that the kids have moved out or weighing the benefits of paying off your mortgage, today's episode dives into how you can make informed, strategic decisions about your home that align with your broader retirement goals. As life changes and your household shrinks, many homeowners find themselves in large houses with more space than they need. While downsizing can free up financial resources and reduce the burden of upkeep, it also presents unique challenges—especially in a market with fluctuating interest rates and rising housing costs. Mark shares insightful, real-life examples of clients who have navigated decisions like these. Here’s some of what we discuss in this episode: Whether or not to downsize, considering today’s market. Paying off your mortgage early or keeping as is. Purchasing a vacation home or rental home. Relocating and considering potential long-term care needs. Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
10/17/24 • 13:14
When it comes to financial planning and saving for retirement, there’s a lot to know! For instance, what scares people the most about the idea of retiring? Not knowing if they have enough money to last them! Mark explains that this fear, known as longevity risk, can be mitigated through proper planning. By building a mathematical plan, you can ensure that you won’t run out of money before you run out of breath. As we go through our multiple-choice quiz, Mark shares more of his insight and expertise regarding common fears and concerns retirees often have. Find out if you answer the quiz the same way Mark does and learn more about how you can be mindful and strategic about your financial future. Here’s some of what we discuss in this episode: What scares people most about retirement? What tax bracket do most people find themselves in during retirement? How much money does the average person need? What do people wish they did more of financially? What happens in the first financial planning meeting? Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
10/3/24 • 13:22
We all make mistakes, but when it comes to investing, these errors can feel particularly daunting. Today, we delve into practical strategies to not only recover from investment mistakes but also to build a robust financial plan for the future. Tune in to see what you can learn from Mark today! Here’s some of what we discuss in this episode: Identifying what causes a mistake. Increasing your savings rate. Recalibrating your goals. Building a comprehensive retirement plan. Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
9/19/24 • 10:46
When it comes to retirement planning, financial advisors can be a huge asset as you work towards the next chapter of life. But that doesn’t mean every relationship with an advisor is perfect. In this episode, dive into the most common complaints people have about their financial advisors. Here’s some of what we discuss in this episode: Making sure that you and your advisor are on the same page when it comes to risk tolerance. Ensuring that the fees you pay are worth the service you get. How we help our clients realize their goals and timelines. Know whether you are working with an advisor or a broker. Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
9/5/24 • 11:08
Retirement is often compared to a marathon, and for good reason. Just like marathon training, retirement planning requires meticulous preparation, a diversified strategy, and a clear understanding of your goals. In today’s episode, we’ll explore the parallels between these two long-term endeavors and offer valuable insights on how to ensure a successful retirement. Here’s some of what we discuss in this episode: Paying extra attention to your portfolio in the years leading up to retirement. Avoiding overspending in the early years of retirement. Learning from and minimizing mistakes. Leaving nothing to chance. Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
8/15/24 • 12:23
Join Mark as he draws the parallels between popular quotes you might have heard your grandmother say and the financial decisions that need to be made during the planning process. This episode offers valuable insights into how age-old wisdom can apply to modern financial planning. By understanding and applying these timeless sayings, you can navigate market volatility, balance certainty and uncertainty, diversify your investments, seek accurate information, and avoid unnecessary stress. Here’s some of what we discuss in this episode: Why the market reacts the way it does. Balancing certainty and uncertainty. Diversifying your investments to protect your portfolio. Knowing what you are paying in hidden fees. Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
8/1/24 • 13:04
The timeless wisdom of Mark Twain is always worth a listen. Join us as we analyze some of Twain’s most famous quotes through the lens of a financial advisor! We’ll have a laugh at Twain’s quick wit and shed light on the complexities of retirement planning in today's unpredictable world. Here’s some of what we discuss in this episode: Having a steady income stream through your retirement. Building a financial plan that limits the effect of political decisions on your money. How money is a tool. Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
7/18/24 • 09:20
Are you making rookie mistakes when it comes to planning for your retirement? Even those with strong experience in investing can make silly mistakes from time to time. Join Mark as he discusses some common things that can trip people up. Here’s some of what we discuss in this episode: Making sure that your investments have a defined purpose. Understanding risk and the role it plays in diversifying your portfolio. Avoiding making emotional decisions. Why you don’t need to act on tips your friends and family give you. Most investors severely underestimate how much they’re paying in fees. Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
7/2/24 • 14:01
How can you walk off a winner into retirement? Listen in as Mark dives into the key areas of retirement planning through the lens of America’s pastime. Here’s some of what we discuss in this episode: How having a solid retirement plan is a little bit like playing “small ball.” The “Moneyball” approach, avoiding emotional decisions and focusing on the numbers. The “five tools” or the five key areas of retirement. Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
6/20/24 • 14:01
Saving in your 401K can be an easy and painless way to build your retirement savings. But are you making the most of yours? Listen in as Mark breaks down the common pitfalls many people fall into with their 401(k) plans in today’s episode. Here are some 401K mistakes we’ll discuss in this episode… Leaving money invested in a former employer’s 401k plan Failing to rebalance often enough Sticking all of your money in a target date fund Assuming that your fees and costs are minimal since you don’t see them on your statement Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
6/6/24 • 09:18
When it comes to retirement planning, one critical aspect that’s often overlooked is the designation of beneficiaries. It's not just about who you want to inherit your assets; it's about making sure that your wishes are carried out smoothly and without legal complications. Let’s talk about some of the common mistakes we see people make when it comes to the beneficiaries of their accounts… Here’s some of what we discuss in this episode: Naming minors as beneficiaries Not coordinating your beneficiary designations and your will Not naming alternative or successor beneficiaries Naming your estate as a beneficiary Making errors on the application Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
5/16/24 • 08:28
Conventional wisdom says you can’t put toothpaste back in the tube. That is to say, once the deed is done, there’s no taking it back. There are many decisions in retirement planning that can’t be undone, and in today’s episode, we’re going to explore some of them. Here’s some of what we discuss in this episode: Choosing the right time to take Social Security The irreversible nature of decisions regarding spousal benefits on pensions The increasing cost and potential unavailability of life insurance as you age Retiring too soon without a well-conceived plan in place Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
5/2/24 • 10:24
Have you ever faced the daunting task of moving to a new home? The careful packing, the labeling of boxes, and the strategic loading of the moving truck are all important parts of a smooth transition. What if we told you similar principles apply to planning for your retirement? Listen in as Mark and Ron share some of the unexpected similarities between moving houses and financial planning in today's episode. Here’s some of what we discuss in this episode: Like labeling boxes in a move, having a plan for your investment accounts can help you stay on track Certain financial assets, like emergency funds or retirement savings, require extra care and protection Similar to securing items in a moving truck, a well-designed financial plan protects assets from market volatility Rollovers act as the hand trucks of retirement accounts Hiring a professional to alleviate stress and ensure a successful transition Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
4/18/24 • 13:17
There are certain rules of thumb in the financial industry, many of which you might’ve heard of. For example, the “Rule of 100” or the “4% Rule” might sound familiar to you. But how helpful are these rules of thumb in real-life planning? In this episode, Mark walks through 5 common financial rules and shares his thoughts as a financial advisor. Here’s some of what we discuss in this episode: The Rule of 100 is a helpful way to think about risk and savings as you approach retirement Why Mark generally disagrees with the 75% Rule The 6-Month Savings Rule is a reasonable guideline for emergency funds The accuracy of Wall Street’s Rule of 5 The danger of the 4% Rule + the importance of comprehensive withdrawal strategies Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
4/4/24 • 11:50
Welcome back to the Retirement Huddle podcast! In today’s episode, we’re exploring the timeless wisdom of Oscar Wilde. Celebrated as one of the English language's most quotable figures, he offers us a unique lens to explore financial wisdom. Here are the quotes we discuss in this episode: “I have the simplest tastes. I am always satisfied with the best.” “Education is an admirable thing, but it is well to remember from time to time that nothing that is worth knowing can be taught.” “To expect the unexpected shows a thoroughly modern intellect.” “Experience is simply the name we give our mistakes.” Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
3/21/24 • 09:52
One of the topics we discuss pretty frequently here on the show is life insurance. While it may not be the most exciting subject, there are several reasons why life insurance might be useful as part of your retirement plan. Stay tuned as we explore the diverse benefits of life insurance in this episode. Here’s some of what we discuss in this episode: The importance of life insurance in providing income replacement for surviving spouses The role of life insurance in settling an estate + building a legacy for beneficiaries The power of buying life insurance when you’re young How life insurance can make transferring family wealth easier and more tax-efficient The benefits of life insurance for small business owners + high-income earners How the life insurance industry is helping people who can’t afford long-term care Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
3/7/24 • 12:39
Today we’re diving into the world of retirement planning through the lens of one of history’s most iconic figures, Winston Churchill. While many of us know Churchill for his leadership during World War II, you might be surprised at how much his quotes resonate in the world of retirement strategy. Stay tuned as Mark shares his insights on some of Churchill’s most iconic quotes and how they apply to the landscape of financial planning. Here are the quotes that we discuss in today’s show: “We shape our dwellings, and afterwards our dwellings shape us.” “We must be aware of needless innovations, especially when guided by logic.” “The problems of victory are more agreeable than those of defeat, but they are no less difficult won in the world.” “The farther backward you can look, the farther forward you’re likely to see.” ''To build may have to be the slow and laborious task of years. To destroy can be the thoughtless act of a single day. '' Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
2/15/24 • 14:25
Far too often, people aren’t receiving the advice they truly need from their financial advisors. It's not uncommon for financial professionals to focus solely on managing investments, overlooking the broader context of clients' aspirations, dreams, and lifestyle goals. Tune in to discover what your advisor might be missing… Here’s some of what we discuss in this episode: Does your advisor talk to you about taxes? Is your advisor evaluating the fees and costs of your investments? Are you having conversations about your retirement income? Is your advisor helping you understand the target and goal for each of your invested dollars? Are you talking about and planning for your legacy goals? The 7 Habits of Highly Effective People: https://www.amazon.com/Habits-Highly-Effective-People-Powerful/dp/0743269519 Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
2/1/24 • 14:19
In today’s conversation, we’re going to focus on six key reasons why a Roth conversion might be a game-changer for your financial future. As the dreaded April 15 tax deadline approaches, Mark is here to share why this strategic tax approach makes sense for just about everyone and is a great retirement vehicle to consider. Here’s some of what we discuss in this episode: If you’re expecting a higher tax bracket in retirement, a Roth could be a wise choice Roths don’t have required minimum distributions Tax diversification is important for minimizing tax impacts on Social Security income, and avoiding increased Medicare premiums The implications of the SECURE Act on non-spouse beneficiaries + how a Roth IRA can offer tax-free income The impact of life events such as death or divorce on your tax filing status The benefits of doing a Roth conversion when IRA holdings are temporarily down Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
1/18/24 • 10:36
Have you ever wondered what happens when you decide to give us a call? In this episode, we're pulling back the curtain to give you an inside look at how we guide our listeners through the preliminary process at Howard Financial Group. Here’s some of what we discuss in this episode: What does the discovery phone call process look like? Some of the common concerns and life circumstances we frequently receive calls about Why listening and communication are such vital parts of this process The importance of involving family members in the financial planning journey Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
1/4/24 • 10:33
It’s that time of the year when Christmas music is playing everywhere you go. We all have our favorites, and we also have songs we start getting tired of hearing. But for the most part, the music adds a wonderful soundtrack for one of the best times of the year and helps puts people in good spirits. But what can we learn from all of these holiday classics? Today we’ll take four of the top Christmas songs and find the financial message within the music. No matter what you celebrate this time of the year, the lessons we’ll discuss today will apply to your financial plan. Here’s some of what we discuss in this episode: The 12 Days of Christmas teaches us the importance of patience. Rudolph shows us the value of persistence. Mommy Kissing Santa Claus reminds us that things aren’t always as they seem. What can we learn from Grandma Got Run Over By a Reindeer Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
12/21/23 • 09:40
Welcome back to The Retirement Huddle podcast! In today’s episode, Mark is going to tackle some of the unanswerable questions that often pop up when planning for retirement. From predicting market crashes to navigating the uncertain landscape of future taxes, stay tuned for insights on building a robust retirement plan that stands the test of time. Here are the difficult questions we tackle in this episode: “When is the next market crash going to be?” “What are medical costs going to be like 20 years from now?” “What are taxes going to be like when I retire?” “How many years do I need to prepare for in retirement?” Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
12/7/23 • 13:03
What can our favorite cereals teach us about financial planning? Much like selecting cereal, choosing financial products involves a myriad of options, each with its own set of benefits and drawbacks. From healthy and sensible choices to the flashy and appealing, Mark and Ron draw parallels between cereal selection and financial decision-making in today’s episode. Here’s some of what we discuss in this episode: Fruity Pebbles: Risky financial choices such as overloading a portfolio with gold, crypto, or retiring early without proper planning Raisin Bran: Seemingly healthy financial choices like whole life insurance and starting Social Security early, which may not be as beneficial upon closer examination Sprouted Brown Rice Cacao Crisps: Less exciting but effective financial strategies such as long-term market investments, term life insurance, and low-risk guaranteed income strategies Frosted Flakes: Financial products endorsed by mascots or celebrities + the importance of choosing trustworthy and reliable financial sources Want to get in touch with Mark? https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
11/16/23 • 12:48