On the Money: Alpha Planning 101: Recent Episodes
Brandon Domenick
On The Money: Alpha Planning 101 is a bi-weekly podcast designed to introduce the basic but necessary financial planning principles. Your hosts, David and Brandon Domenick, are owners of Capital A Wealth Management located in Cranberry Twp, PA. These two brothers are second generation to the family business and are licensed retirement planning professionals. Based on their 5-Step Alpha Plan process, this podcast will bring insights on timely articles, interviews, ideas, and strategies that focus on the importance of planning for the future.
- Safer Alternative asset classes
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- Annuities
- Royalties
- Private Equity Funds
- Advantages of Annuities
- Utilizing our Safety, Income, Growth bucket system
- Sequence of Return Risk
- Disadvantages of portfolio withdrawals
- Importance of a diverse portfolio with fixed-income assets
- Importance of properly structuring assets
- Important stats surrounding women’s retirement:
- Longevity & outliving your spouse
- Likelihood of retiring at 65
- Use of financial advisors/retirement plan
- Financial confidence
- Importance of healthcare planning
- Social Security benefits – differences for women vs. men
- Tax planning
- Protecting your legacy from volatility, taxes, & long-term care facilities
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- Benefits of and differences between Wills and Trusts
- Use of Important documents including Wills, Trusts, Power of Attorney, & Beneficiary documents
- Maximizing your estate by utilizing other pieces of the Alpha Plan process
- Break-down of Medicare costs
- How Medicare compensation works
- What Medicare does not cover, including a discussion about Long Term Care
- Tax Cuts & Job Act Upcoming Expiration
- Micro & Macro views of Taxation: looking in the past vs. looking in the future
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Tax Diversification Planning and understanding the IRS’s “bucket structure”:
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- Income Taxable
- Tax Deferred
- Tax Free
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Roth Conversions
- Risk & Volatility in the market
- The Great Resignation
- 3 Bucket Structure for your money
- Safety
- Income
- Growth
- Retirement Income Sources (The 3-Legged Stool):
- Social Security
- Pensions
- Retirement Savings
- Closing the Income Gap
- Using annuities properly
- Inflation
- Spousal Protection
- Longevity
Questions addressed:
- Will social security be there for us in the future?
- Can I file for social security benefits on my divorced spouse’s record?
- They recently announced at work that our 401K has added a Roth option. Should my future investments go to the Roth or my traditional 401k?
- I am not a savvy investor, but I have been saving in my 401k for 35 years. I have a large balance but have no idea how I should be investing my current dollars or my future savings.
- I never hear from my current financial advisor unless I call him. Should I be concerned?
- What is the 4% rule?
- Why it’s no longer relevant
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- Market volatility
- Current interest rates
- Life expectancies & length of retirement
- Alternative strategies that better suit today’s market
- Tax Loss Harvesting
- Investment Planning
- Retirement Planning
- Roth Conversions
- Health Plan
- RMDs
- Charitable Donations
Key Topics:
- New plans and changes for 2021 AEP
- Shopping for the proper plan and considering appropriate changes to your current plan
- Advantages of working with a Medicare broker
- Maximizing Social Security Benefits
- Addressing Sequence of Returns Risk
- Planning for Long-Term Health Care
- Leaving Behind IRA’s
Dave & Brandon talk through Biden’s proposed changes that may affect:
- Corporate Taxes
- Wash Sales
- Capital Gains
- Estate Taxes
- Roth Conversions
- Understanding the best timing to access your retirement money
- Utilizing Estate planning tactics
- Taking advantage of Roth conversions in today’s tax environment