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Economist, author, and retirement expert Tom Hegna joins us to share his expertise on handling finances and preparing for retirement. Find out how he helps people solve complex financial problems using easy-to-understand words.
On This Episode:
Tom Hegna is an economist, author, and retirement expert and has been a popular industry speaker for many years. He is considered by many to be the retirement income expert.
As a former First Vice President at New York Life, retired Lieutenant Colonel, and economist, Tom has delivered more than 5,000 seminars on his signature “Paychecks and Playchecks” retirement approach, helping Baby Boomers and seniors retire the “optimal” way. He has condensed a large chunk of his considerable knowledge into 5 books.
Tom specializes in creating simple and powerful retirement solutions. He has the unique ability to pump up a crowd, make people laugh and solve complex financial problems using easy-to-understand words, ideas and stories.
He’s been featured in Business, Forbes, Money Rates, and many other leading publications. He speaks with businesses, government organizations, professional associations, financial professionals and their clients across the globe.
During our interview, Tom also shares:
- Why he wrote Paychecks and Playchecks book
- What COVID taught people about guaranteed income streams
- Why you need to transition to another paycheck after retirement
- Why income is more important that assets
- What he talks about in his new book, Don’t Worry, Retire Happy
- What he thinks about financial legacies
- How long-term care can affect retirement
- What he thinks about maxing Social Security
- What he thinks about the fear of tax brackets
Thanks for listening to this week’s show. Feel free to utilize the timestamps below to skip around to specific topics.
Timestamps:
1:27 – Meet Tom
3:34 – Books
5:01 – Fixed expenses
6:03 – Transition to another paycheck
8:31 – Income
11:03 – Guaranteed sources of income
13:11 – Don’t Worry, Retire Happy
14:32 – Legacy
16:57 – Long-term care
20:46 – Social Security
23:25 – Fear of tax brackets
As a financial planner, a lot of times we’re sitting down with clients saying, “What type of income would you like in retirement? Guaranteed income or maybe income?” – Jammie Avila
