Make Retirement Work

Marc Werkmeister

Financial and retirement planning guidance for residents of Nebraska and beyond! You’ll learn about risk, investments, 401(k)s, IRAs, rollover strategies, how to find the right advisor, Social Security and many more topics. Your host is Marc Werkmeister, a Certified Financial Planner (CFP) with Professional Financial Advisors. They have offices in North Platte, Scottsbluff, Kearney, Lincoln, and Grand Island. Visit MakeRetirementWork.com for more episodes and information about how Marc can help you plan for retirement. You can also call 855-202-WORK (9675). read less
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Episodes

Ep 32: The State of the Economy with Marc Werkmeister and Mike Jacobson (Guest appearance on the NebraskaLand Bank Podcast)
Jun 30 2022
Ep 32: The State of the Economy with Marc Werkmeister and Mike Jacobson (Guest appearance on the NebraskaLand Bank Podcast)
(Note: Today's episode sounds a little different as it was originally produced for the NebraskaLand Bank Podcast) On this episode: With a volatile market, rising interest rates, and high inflation, many people are worried about the state of the economy. On today’s show, two economic experts, Senator & NebraskaLand CEO Mike Jacobson and Certified Financial Planner Marc Werkmeister join us to break down the trends we are seeing in the economy and what it all means. More Details: The current economic environment has many people worried. Interest rates are up, the stock market is volatile, bit coin has lost tremendous value, and inflation is up. So on today’s episode, we want to sit down and discuss the economy and the future trends we should expect to see with two economic experts, Mike Jacobson and Marc Wekmeister. Mike Jacobson is the CEO of NerbaskaLand Bank and the Senator for District 42 and Marc Werkmeister is a Certified Financial Planner with PFA. Inflation is when too much money is chasing too few goods and services. Looking at where we were with supply chain issue and the influx of money into the economy with stimulus checks, inflation was bound to happen. To combat inflation, the Federal Reserve raises interest rates, promoting people to stop buying and start borrowing and we are seeing this impact in the housing market already. By a strict definition we are not technically in a recession yet. However, we are experiencing some of the signs of a recession. Whether we will end up in a full-blown recession isn’t known yet. We’ll explore some scenarios and what you should be doing to protect your wallet.  Join us today as we get into these topics:  What causes inflation and what can be done to fix it?Why stocks and bonds are both experiencing volatility.What pre-retirees should be doing to protect themselvesHow the housing market is responding to the economy Timestamps: 0:37 – Sorry to keep you waiting! 1:14 – We love Nebraska Day 2:56 – Welcome to our guests 3:28 – What is the overlook on the economy? 9:44 – Getting back to ordinary 12:58 – Are we in a recession? 15:00 – How would you protect your 401(k)? 18:38 – Bond-ladder investing and CD letters 19:40 – What is your advice to a hopeful homebuyer? 21:44 – What are we looking at with home lending? 25:59 – Making compromises with homes 27:31 – Figuring out what your long-term and short-term goals are 29:35 – What are some of the positives? 32:59 – Trivia: Current Events!
Ep 31: Talking Finances with the NebraskaLand Bank Podcast
Dec 9 2021
Ep 31: Talking Finances with the NebraskaLand Bank Podcast
I was recently a guest on NebraskaLand Bank Podcast and spoke with hosts Ty Lucas and Danielle Remus. Today I’m sharing our conversation on my podcast. Here are some of the highlights. What should people be thinking about with retirement planning? As far as the end of year, a lot of it centers on capital gains, taxable events by mutual funds, maxing out retirement accounts, etc. All that stuff has to be top of mind before the end of the year. We also talk to clients about making sure they're saving enough and have the right kind of insurance. You need to have a narrow plan about what you’re trying to accomplish. How does crypto work in today’s financial world? The crypto market changes so fast. From three years ago, my thoughts on crypto have done a complete 180. If you look out 20, 30, 40 years, there will still be crypto currencies out there. They can be a diversifier, but they’re still tied to the overall stock market as far as their correlation. I do think it has a place as an asset class. Tell us about your connection to Dave Ramsey. One of the guys in our office is one of Dave Ramsey’s SmartVestors. Dave Ramsey’s team vets and recommends local financial advisors to help his listeners.  Listen to the entire episode or click on the timestamps below to skip ahead to a particular question. What we discuss in this episode: 3:12 – Professional podcaster 5:52 – PFA 7:47 – Where clients come from 8:24 – Retirement planning 11:28 – Spectrum of services 17:47 – Crypto 19:49 – Taxation with crypto 23:35 – Robinhood 28:47 – Dave Ramsey 30:02 – Railroad retirement 33:11 – Trivia game   For more, visit us online at https://makeretirementwork.com/
Ep 29: Spotting Red Flags In Your Finances
Sep 9 2021
Ep 29: Spotting Red Flags In Your Finances
Today we’re sharing some potential red flags you should be aware of in your finances. How would you answer these questions? Can you name all of the investments in your portfolio?  It’s not a red flag if you can’t name them all, but you should know generally what you own. If you can name them all, you might not be very well diversified. If you don’t know how your money is invested, maybe you’re not diversified enough or maybe you’re taking too much risk or not enough. You have to pay attention to how your money is invested.   How often do you meet with your financial advisor?  You’re paying someone to give you advice, so you need to be in touch with them regularly. Meetings don’t always have to be long and detailed. Sometimes a 15-minute conversation is all you need to check in. Are your account balances constantly moving up and down?  Most people are OK with volatility when they’re trying to accumulate funds. It can be to your advantage because you can buy when the market drops. Retirees, on the other hand, don’t like the ups and downs of the market. You need to meet with your advisor and know more about your investments and the big picture. How much income will you need in retirement? If you are close to retirement and you don’t know how much you’ll need in retirement, that’s probably a red flag. Everyone spends different amounts, but you need to know, generally speaking, how much money you need in your bank account each month. Listen to the entire episode or click on the timestamps below to skip ahead to a particular question.  3:12 – Name your investments  5:26 – Meeting with your advisor  7:31 – Account balances  10:14 – How much income you’ll need  12:40 – Retirement plan   Read more and get additional resources here: https://makeretirementwork.com/make-retirement-work/podcast.html