Defeating the Villains: How to Save Your Retirement and Financial Plan from Devastation

Welcome back to Don’t Retire... Graduate! Our guest on today’s episode has been teaching retirees and pre-retirees how to preserve their assets and increase their income for twenty years. Patrick Strubbe is the author of Save Your Retirement from Mass Destruction by the 7 Retirement Villains. He’s here to talk about those villains and how we can stop them from thwarting our retirement plans.

In this episode we’ll talk about:

• The seven villains that put your retirement at risk
• Longevity and the fear of outliving your money
• Inflation and how it can derail retirement for those on fixed income
• The taxes we pay in retirement and the importance of planning for them
• Understanding what health care costs will be paid out of pocket in retirement, what will be covered by Medicare, and what protections you can put in place to help cover costs
• The importance of understanding the fees and costs associated with different savings and investment accounts 
• Dollar cost averaging and why accounts should be strategically set up so that you aren’t pulling from principle
• Looking into alternative or nontraditional asset classes to diversify your portfolio away from only stocks and bonds

About Patrick Strubbe:

For over 20 years, Pat has taught retirees and pre-retirees how to preserve their assets and increase their income. 

Pat is a recurring guest on the WIS-TV (NBC) news. He has been featured in USA Today, Investor’s Business Daily and other national publications for his knowledge in the field of financial planning. Pat is a Chartered Financial Consultant (ChFC®), Chartered Life Underwriter (CLU®) and Registered Financial Consultant (RFC®). 

You can listen to Pat host the radio show “Save Your Retirement®” on WVOC-AM. He is also the author of the book “Save Your Retirement from Mass Destruction by the 7 Retirement Villains!” and “Retirement with Confidence.” 

Pat lives in Columbia, South Carolina, with his beautiful wife, Janelle. He is the proud father of four children: Carter, Ava, Gabriella and Isla. Pat enjoys watching NBA basketball games with his friends and family. He loves to see his favorite team, the L.A. Lakers, whenever he can. An active member of Hope Lutheran Church in Irmo, Pat has served as an elder of finances since 2003.

Links:
Patrick's books: 

• The Retirement Secret: A Simple Approach to Financial Peace-of-Mind
• Save Your Retirement! 3rd Edition: Save Your Retirement From Mass Destruction by the 7 Retirement Villains!

Learn more about your ad choices. Visit megaphone.fm/adchoices