Category: Retirement
The Hidden Value of Collectibles: Building Wealth Beyond Stocks (Ep. 13)

The Hidden Value of Collectibles: Building Wealth Beyond Stocks (Ep. 13)

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What hidden treasures might be tucked away in your closet?

In this episode of Retire Rich: Tales of Financial Freedom, Marc Hernandez explores the fascinating world of collectibles and how they might be a hidden asset in your financial portfolio. Join him as he explores the potential of collectible investments, from rare sports cards to autographed memorabilia.

In this episode, Marc discusses his personal experiences with collectibles:

  • Exploring how art, coins, and sports memorabilia can be part of your wealth strategy
  • Understanding the tax advantages of investing in collectibles
  • Insights on determining the value of your collectibles
  • Tips on authenticity and finding trustworthy auction houses

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Empowering Your Financial Future: Life Insurance Strategies (Ep. 12)

Empowering Your Financial Future: Life Insurance Strategies (Ep. 12)

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What makes life insurance more than just a death benefit?

In this episode of “Retire Rich: Tales of Financial Freedom,” host Carlos Lopez sits down with Steve Loving, a life insurance expert from Simplicity, to unravel the evolving world of life insurance. Whether you’re wondering about the differences between term and universal policies, curious about how life insurance can be a tax-free income stream, or exploring options for securing your children’s financial future, this episode is packed with insights.

Carlos and Steve discuss:

  • The evolution of life insurance options over the years
  • How policies can supplement retirement income
  • Adding long-term care riders to existing policies
  • Strategies for ensuring children and building early wealth
  • Flexible features of Index Universal Life Insurance

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Required Minimum Distributions (RMDs) Strategies for a Tax-Efficient Retirement (Ep.11)

Required Minimum Distributions (RMDs) Strategies for a Tax-Efficient Retirement (Ep.11)

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Turning 73 could change your financial game plan. Using what tool though?

Marc Hernandez unpacks the mystery behind Required Minimum Distributions (RMDs). You’ll learn why these rules exist and how they might impact your 401(k)s, IRAs, and other retirement plans. 

With personal anecdotes and clear guidance, Marc helps take the anxiety out of financial planning, ensuring you won’t be caught by surprise. 

Marc discusses: 

  • RMD Basics: Understand what RMDs are and how they work
  • Age Milestones: Discover the “magic numbers” in retirement finance
  • Penalty Precautions: Avoid common mistakes that could cost you
  • Tax Considerations: Plan smart when accessing your savings
  • And more!

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Helping Educators Gain Financial Independence with Socorro Houghtaling (Ep. 10)

Helping Educators Gain Financial Independence with Socorro Houghtaling (Ep. 10)

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What hurdles do educators face when planning for retirement? 

Marc Hernandez chats with retired educator Socorro Houghtaling to uncover the financial challenges teachers face. They dive into the secrets of achieving financial freedom and share tips for navigating the complex world of investments and retirement planning. 

This conversation is packed with insights and appealing stories that resonate with educators and anyone planning for the future. Whether you’re just starting your career or nearing retirement, this episode offers valuable advice for your financial journey. 

Episode highlights include:

  • Financial Challenges for Educators: Common obstacles teachers face when saving for the future. (Starts at [00:02:22])
  • How educators often sign up for financial products without adequate guidance (Starts at [00:05:33])
  • Why having a personal financial advisor can be a game-changer (Starts at [00:13:10])
  • Advice for Upcoming Retirees: Insightful tips for educators approaching retirement on optimizing their savings (Starts at [00:24:16])
  • And more!

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About Our Guest: 

Socorro Houghtaling brings 30 years of dedicated service to Brownsville ISD. Holding a degree in Mid-Management, she has served as an Elementary School Principal for 13 years and held various administrative roles for 10 years. Her journey began with 7 years of classroom teaching. Before education, she had 10 years of HR experience with JCPenney and 8 years in retail. Socorro also holds life and health insurance licenses. Active in the community, she is a Pro affiliate with BARSE and serves on the St. Joseph Church finance committee.

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How to Build Wealth Across Generations (Ep. 9)

How to Build Wealth Across Generations (Ep. 9)

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Are you saving for the future or stuck in the paycheck-to-paycheck cycle? 

This week on Retire Rich: Tales of Financial Freedom, Marc Hernandez explores the evolution of saving behaviors across generations, revealing why Baby Boomers succeeded and how Millennials and Gen Z could follow suit.

This conversation, brimming with valuable strategies and clear guidance, lays out a clear path to financial stability and wealth creation. 

Tune in and learn how to master your budget, optimize retirement contributions, and leverage tax-saving strategies to construct your financial future—no matter where you’re starting! 

Key Highlights:

  • Generational Saving Trends: What Baby Boomers got right—and how younger generations can learn from their disciplined habits
  • Budgeting Essentials: Simplify your expenses by separating fixed and discretionary costs. Learn to track every dollar and uncover hidden savings
  • Maximizing Retirement Accounts: Unlock the power of employer 401(k) matches, Roth accounts, and catch-up contributions for tax-free retirement gains
  • Investment Alternatives: Discover smart options like IRAs, 403(b)s, and Thrift Savings Plans for those without 401(k) access
  • Tax-Saving Tips: Adjust withholdings and reposition investments to reduce tax liabilities and keep more of your hard-earned money
  • Saving Discipline: Small sacrifices today, massive rewards tomorrow—discover how to build wealth one habit at a time
  • And much more!

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How to Protect Your Loved Ones After a Partner’s Passing (Ep. 8)

How to Protect Your Loved Ones After a Partner’s Passing (Ep. 8)

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When the unimaginable happens, grief and financial chaos often collide. Preparing now could spare your loved ones from unnecessary hardship.

Marc Hernandez draws on decades of expertise to guide listeners through the intricate financial and legal challenges that arise after losing a spouse or partner.

Packed with actionable insights and real-life examples, this conversation delivers a clear roadmap for navigating difficult transitions and sidestepping costly mistakes. From notifying key agencies to safeguarding against identity theft, you’ll gain the tools needed to maintain your loved ones’ future while managing this complex time with confidence.

Tune in and learn how to update beneficiaries, prevent family disputes, and leverage professional advice to create a foundation of stability for yourself and your family!

Key Highlights:

  • Organize Legal Essentials: Create a valid will, obtain multiple certified death certificates, and document final wishes
  • Notify Key Agencies: Contact Social Security, veterans’ services, employers, and financial institutions to manage benefits and close accounts
  • Prevent Identity Theft: Notify credit bureaus to uncover hidden debts and accounts
  • Avoid Family Disputes: Foster open communication to prevent disagreements over assets and sentimental items
  • Seek Professional Guidance: Learn how financial advisors, CPAs, and attorneys simplify the process and protect assets
  • Safeguard the Future: Update beneficiaries, legal documents, and account ownership to avoid complications for future heirs
  • And much more!

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Medicare Made Simple: Navigating Healthcare in Retirement with Louis Kowalski (Ep. 7)

Medicare Made Simple: Navigating Healthcare in Retirement with Louis Kowalski (Ep. 7)

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Retirement is supposed to be worry-free. However, without the right Medicare strategy, your healthcare might not be. Listen in to get it right.

This week on Retire Rich: Tales of Financial Freedom, Carlos Lopez is joined by Medicare professional Louis Kowalski. With 50+ years in the insurance industry, Louis breaks down the differences between Medicare Supplement plans like Plan G and Plan N and Medicare Advantage, which includes extra perks like dental and vision.

Louis also shares how to smoothly transition from group health insurance to Medicare while offering special tips for veterans on maximizing benefits. 

With changes to Medicare on the horizon, such as the elimination of the prescription drug coverage gap by 2025, his advice will help you stay ahead and avoid costly mistakes.

Key Highlights:

  • Louis’s 50-year career in Medicare and his transition from group health insurance to help retirees navigate Medicare’s complexities
  • A clear comparison between Medicare Supplement and Medicare Advantage, including how to choose the best option based on personal needs
  • Step-by-step advice on transitioning from employer health insurance to Medicare and why it may save you money
  • Strategies for veterans to optimize coverage by combining VA benefits with Medicare
  • The need for hospital indemnity and cancer plans to close gaps in Medicare Advantage coverage
  • Insights into upcoming Medicare changes, including the removal of the prescription drug coverage gap by 2025
  • And much more!

Connect with Louis Kowalski:

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About Our Guest: 

Louis Kowalski is an experienced insurance professional with over 50 years of experience, specializing in Medicare and group health insurance. Throughout his extensive career, Louis has guided countless individuals through the complexities of Medicare, helping them make informed decisions about their healthcare coverage in retirement. His deep knowledge of Medicare Supplement plans, Medicare Advantage, and veteran benefits has made him a trusted resource for retirees seeking to have their questions answered. Known for his ability to simplify complicated healthcare options, Louis is passionate about educating others on how to maximize their benefits and avoid costly mistakes.

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How Healthcare Workers Can Achieve Financial Freedom with Anissa Castillo (Ep. 6)

How Healthcare Workers Can Achieve Financial Freedom with Anissa Castillo (Ep. 6)

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Healthcare workers dedicate their lives to saving others — but who’s helping them plan their future, more so their financial future? 

This week on Retire Rich: Tales of Financial Freedom, Marc Hernandez explores this critical question with Anissa Castillo, Director of Surgical Services at Valley Regional Medical Center.

Anissa reveals her powerful story, from starting as a surgical technologist to becoming a leader in healthcare, and how she nearly fell victim to common financial missteps, like undervaluing her 401(k). 

But that’s not everything! She also breaks down the actionable steps healthcare professionals can take to break free from paycheck-to-paycheck living and build lasting wealth despite their demanding schedules.

Want to know how you can avoid costly mistakes and unlock the financial freedom you’ve worked so hard for? This conversation is packed with insights healthcare workers can’t afford to miss.

Key Highlights:

  • Anissa’s inspiring journey from surgical technologist to Director of Surgical Services and how her leadership role shaped her financial strategy
  • How starting her 401(k) at age 19 taught Anissa the importance of financial literacy and the common mistakes to avoid when managing retirement savings
  • Why financial education is critical for healthcare professionals but is often neglected, and how to bridge that gap
  • The role of financial advisors in helping healthcare workers maximize retirement savings and make smarter investment choices
  • How social media and flexible communication options can connect busy healthcare workers with financial professionals
  • Essential advice for new healthcare workers on how to leverage employer benefits
  • And much more!

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About Our Guest: 

Anissa Castillo is the Director of Surgical Services at Valley Regional Medical Center and a seasoned healthcare professional. Starting her career as a surgical technologist, she later became a registered nurse and advanced into leadership roles. Her story underscores the importance of financial planning in the healthcare sector and the value of early investing for long-term success.

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From Mexico to Financial Freedom: Lucy Lopez’s Inspiring Journey (Ep. 5)

From Mexico to Financial Freedom: Lucy Lopez’s Inspiring Journey (Ep. 5)

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Lucy Lopez’s journey from a small town in Mexico to a successful life in the United States is a testament to determination and resilience.

How did she overcome the challenges of immigration, education, and financial management? 

What lessons can we learn from her experiences?

In this episode of Retire Rich: Tales of Financial Freedom, Carlos Lopez is joined by his inspiring mother, Lucia “Lucy” Lopez, who shares her journey from a small town in Mexico to becoming a successful educator and investor in the United States. 

Get ready to gain unique insights into how Lucy navigated major life transitions and financial decisions, highlighting the importance of determination, education, and careful investing.

Carlos and Lucy discuss: 

  • Lucy’s story of immigrating from Mexico and starting her education in the U.S. at age 11
  • Lucy’s time in the military and her transition into a successful teaching career
  • The financial lessons and investment strategies Lucy applied to achieve financial stability
  • How Carlos was inspired by his mother’s journey and the pivotal role it played in shaping his approach to financial advising
  • And more!

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Connect with Carlos Lopez: 

About Our Guest: 

Carlos Lopez’s mom, Lucy Lopez, originally from Mexico, has led an inspiring life marked by determination and resilience. She moved to the United States at age 11, starting first grade despite her advanced age. Overcoming numerous challenges, she graduated high school and joined the military, serving in Germany. After her service, she pursued higher education, eventually earning a master’s degree and becoming a dedicated educator for 27 years. Lucy’s financial acumen, developed through careful investments and savings, has ensured her financial stability. Her story is a testament to perseverance, hard work, and the importance of education and financial literacy.

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Handling Market Volatility (Ep. 4)

Handling Market Volatility (Ep. 4)

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Market volatility can be nerve-wracking, but it also presents unique opportunities for investors.

How do you stay calm and make informed decisions during market fluctuations? How do you ensure your financial strategy aligns with your goals and risk tolerance?

In this episode, Marc Hernandez dives into the importance of being prepared for market fluctuations while unveiling MAH Financial’s approach to providing comprehensive client support. 

By listening, you’ll gain insights into handling market downturns, the value of proactive communication with your financial advisor, and the strategies for maintaining a balanced portfolio even in unpredictable times.

Marc discusses: 

  • How to handle client calls and concerns during market downturns
  • The importance of understanding risk tolerance and timeline in financial planning
  • Strategies for making opportunistic investments during market dips
  • Proactive measures and tools for managing 401(k) and other investment accounts
  • And more!

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