Don Sowa's MoneyTalk: Recent Episodes
Cumulus Providence
Weekdays
5p-6p
Moneytalk’s content is for informational purposes only and should not be construed as investment advice or a recommendation. Please consult your financial professional for your individual situation. Securities and advisory services offered through Commonwealth Financial Network®, Member www.FINRA.org + www.SIPC.org, a Registered Investment Adviser. Additional advisory services offered through Sowa Financial Group, Inc are separate and unrelated to Commonwealth.
Sowa Financial Group Inc.
14 Breakneck Hill Rd. Ste. 202
Lincoln, RI 02865
(401) 434-8090
Some of the best content on the MoneyTalk program comes from our listeners, but our hosts also draw inspiration directly from the clients they talk to each day. Donna discusses questions from advisory client, including: Can I reverse a Roth conversion? How does a 1031 exchange work? And, in what order should I withdraw from my retirement accounts? Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 8/3/2026; Original Air Dates: 12/18/2023 & 7/24/2023. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
If you’ve ever had to go through the process of unwinding a poorly planned estate, then you understand how messy these things can be. Donna and Nathan talk through some estate planning mistakes that you want to avoid to make the process smoother for your loved ones. Also on MoneyTalk, Stock Trivia: Battle of the Sowas. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 8/3/2026; Original Air Dates: 11/21/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
The traditional 60/40 portfolio has been disrupted over recent years by the increased correlation between stocks and bonds, driving investors to asset classes like commodities for diversification. Nathan speaks with Dan Cole, Principal at Quantix Commodities, to dig into how futures contracts function, how different types of commodities respond to inflation, and how they can fit into your portfolio. Host: Nathan Beauvais CFP®, CIMA®, CPWA®; Special Guest: Dan Cole, Quantix Commodities; Air Date: 7/31/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
When you’ve made a substantial investment that goes badly, it’s not uncommon to see people stubbornly ride it out, or even double down in hopes of recovering their loses. Donna and Nathan discuss how cognitive biases like the sunk cost fallacy can lead to compounding losses, and how investors can avoid becoming their own worst enemy. Also on MoneyTalk, 401k mistakes to avoid, and Stock Trivia: Battle of the Sowas. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 7/30/2026; Original Air Dates: 3/28/2023 & 8/5/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Some say that asset management is an art form, and while this may be true to some extent, there is a science behind portfolio design that helps to guide asset allocation decisions. Nathan discusses the mechanics of the three primary asset allocation strategies: strategic, tactical and dynamic. Also on MoneyTalk, Nathan covers the worst investments of some of history’s most prolific investors. Host: Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 7/29/2026; Original Air Date: 7/28/2023 & 10/2/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
The initial economic shock caused by AI’s potential impact on jobs seems to have settled, as employers who pulled back on hiring discover that AI is far from ready to replace the entry level workforce. Donna and Nathan discuss the reality of how AI is shaping industries, and current its dependency on workers at every level to support that change. Also on MoneyTalk, some unique approaches to retirement, and Special Guest Stock Trivia. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 7/28/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Trump savings accounts are tax deferred custodial investment accounts designed to give children a head start on retirement savings, with $1,000 in initial funding for children born during the Trump presidency. Donna discusses the merits of the new program, the benefit of developing early savings habits, and alternative custodial options that may be a better fit for some. Also on MoneyTalk, supersizing your retirement savings, and considerations for transferring wealth. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 7/27/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
People often have confusion around how and when a Roth conversion should be used, which is why there is a clear methodology professionals use to help make these decisions. Nathan explains the three goals advisors consider when deciding whether to do a Roth conversion: lower taxes over time, lower withdrawals from retirement accounts, and higher tax adjusted assets to pass down. Also, on MoneyTalk, credentials and licenses, financial scams, and leveling up your 401k. Host: Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 7/24/2026; Original Air Dates: 1/28/2026, 6/9/2023, 7/19/2023 & 7/28/2023. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
In a lot of ways, the Traditional and Roth IRA are mirror images of one another, and they are designed that way to provide very specific tax benefits to individuals under different circumstances. Donna and Nathan delve into the unique rules and benefits of the Traditional and Roth IRA, and explain how each can be used differently to minimize your tax liability. Also on MoneyTalk, Special Guest Stock Trivia. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 7/23/2026; Original Air Date: 1/23/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
A financial plan has many moving parts that are synchronized to achieve your goals, which is why it’s important to approach the process with a strategy in mind. Nathan takes us through the various components of a financial plan, and the questions you should be asking yourself along the way. Also on MoneyTalk, common financial scams, and the story of a grocery chain CEO’s bold attempted to corner the US stock market in the early 1900s. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 7/22/2026; Original Air Date: 2/18/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
The F.I.R.E. movement (Financially Independent, Retiring Early) is a growing lifestyle trend which emphasizes making extreme financial sacrifices today to set yourself up for an early retirement. Donna discusses some of the strategies used by F.I.R.E. movement followers to maximize their savings and current income while minimizing their expenses. Also on MoneyTalk, risks we face as we enter retirement, and Stock Trivia: Battle of the Sowas. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 7/21/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!afSee omnystudio.com/listener for privacy information.
Estate planning can be complex, or as simple as naming beneficiaries on your IRA, so even if your situation seems straightforward, if you own assets, you need an estate plan. Nathan welcomes back estate attorney and long time friend of the show, Andy Nault, to discuss the different ways wills, trusts, and other legal arrangements can be structured to ensure your assets end up in the right hands after you pass way. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Special Guest: Andy Nault, Brule Nault & Hainley; Air Date: 7/17/2026; Original Air Date: 3/13/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Donna shares answers to questions from wealth management clients, including: How do I go about selling my precious metal items without getting swindled? How do I live my best retirement without overspending? How can I teach my college age child to save when prices are so high? What kind of an emergency fund should I keep?— and more. Also on MoneyTalk, how the sequence and size of returns can impact your retirement income. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 7/20/2026; Original Air Date: 2/9/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
New Fed Chair, Kevin Warsh, has brought about a new era for the Fed, defined by less rate intervention, more deregulation, and most notably, less forward guidance. Donna and Nathan discuss how the economy could respond to a less transparent, more hands-off Federal Reserve. Also on MoneyTalk, questions to ask your financial advisor, and Stock Trivia: Battle of the Sowas. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 7/16/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
When we think of the innovations that contributed to the rise of the industrial age, the steam locomotive is arguably the most impactful of them all. Without the railroad system, the westward expansion of the US and the exponential economic growth of the late 19th and 20th centuries could not have occurred. In this edition of our MoneyTalk Moment in Financial History, Nathan tells the infamous story of one of the first major US railroads, the Eerie, and the war that ensued between Cornelius Vanderbilt, Daniel Drew, James Fisk and Jay Gould. Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 7/15/2026; Original Air Date: 3/6/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Whether or not AI poses a future threat to certain professional jobs, like that of the financial advisor, it is currently providing exciting enhancements to the services they offer. Donna and Nathan discuss some of the ways that AI is helping fiduciaries better serve their clients. Also on MoneyTalk, Stock Trivia: Battle of the Sowas. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 7/14/2026; Original Air Date: 6/20/2023. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Managing money can be hard enough when you have steady wages coming in, but when it’s time to turn off the faucet and survive on your savings, many struggle with the shift in mindset. Donna discusses lifestyle habits you can employ as you approach retirement if you are concerned about your ability to make your money last. Also on MoneyTalk, the practical and psychological benefits of keeping an emergency fund, and Roth IRA income and contribution limits. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 7/13/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Financial planning projections typically rely on formulaic models, but it’s important to know that even the best of these models are far from perfect. Donna and Nathan discuss why these imperfect projection models are still useful depending on how they are used in your financial plan. Also on MoneyTalk, the process of choosing an advisor, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 7/2/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
That 10 year stretch of time leading up to retirement is a critical period when your strategic retirement plan gets accelerated to get you to your goal, and how you choose to focus your efforts and resources will make all the difference. Donna runs through 10 questions you should be asking yourself when planning for your final approach to retirement. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 6/29/2026; Original Air Dates: 2/5/2024 & 9/23/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
More people today are claiming social security at 62 than are waiting until age 70, suggesting that retirees are considering more than just maximizing their benefits when deciding when to claim. Donna and Nathan examine the deciding factors for those who choose to claim social security early. Also on MoneyTalk, how to navigate volatility, and Stock Trivia: Battle of the Sowas. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 6/30/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
With our nation celebrating its 250th anniversary, we thought it appropriate to take a look back at how it all began. On this edition of our MoneyTalk Moment in Financial History, Nathan takes us on a journey back to the American Revolution to examine the fiscal policies, economic conditions, and bold new political thinking that drove the early colonists to wage war against their British oppressors. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 6/26/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
It’s a well known fact that the social security retirement trust fund will be unable to support full benefit payments starting in 2032, and with no clear solution in sight, Congress is being forced to get creative. Donna and Nathan discuss the various measures being proposed to fix social security, and the reality that future retirees will have to live with. Also on MoneyTalk, why financial strain is climbing up the income ladder, and Stock Trivia: Battle of the Sowas. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 6/23/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Late Fed Chairman, Alan Greenspan, served under four presidents, through multiple market meltdowns, and negotiated the American economy into its longest period of peacetime expansion, but Greenspan’s legacy is also inextricably linked to the policies that led to the Great Financial Crisis. Donna does a retrospective commemorating the great contributions and unfortunate miss-steps of the man known as “The Maestro”, Alan Greenspan. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 6/22/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Many people use a home equity line of credit for home renovations and unforeseen liquidity needs, but if you are carrying an old balance on your variable rate HELOC, the current high interest rate environment has not been friendly to you. Donna and Nathan discuss options for managing variable rate home equity loan balances, and strategies for paying down other forms of high interest debt. Also on MoneyTalk, retirement milestones, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 6/18/2026; Original Air Date: 4/4/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
For over a century, gold wasn’t just a symbol of wealth—it was the backbone of the U.S. dollar. From the discovery of gold in California to the creation of the Federal Reserve and the dramatic shift under President Nixon, the gold standard shaped not only how America did business, but how it saw itself on the global stage. On this edition of our MoneyTalk Moment in Financial History, Nathan and Daniel uncover the myths, the politics, and the economics behind one of the most influential—and controversial—chapters in monetary history: The U.S. Gold Standard. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Special Guest: Daniel Sowa; Air Date: 6/17/2026; Original Air Date: 7/2/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
RI Governor Dan McKee has increased the top line income tax rate to 9% for those making over $1M, following a wave of populist state leaders and drawing criticism from many local residents and business leaders. Donna and Nathan discuss the motivations behind the new millionaires tax, and the potential impact on the State. Also on MoneyTalk, the different types of education savings accounts, and Stock Trivia: Battle of the Sowas. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 6/16/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
You may have heard of the 4% Rule, which suggests 4% as the safe maximum rate of withdrawal from your retirement accounts, but over recent years the goal posts have been shifting, leading some to question the validity of this classic rule of thumb. Donna offers insights from experts on what rate of withdrawal makes sense based on current and projected cost of living and the importance of building flexibility into your retirement plan. Also on MoneyTalk, financial compatibility among couples, and managing risk in your retirement portfolio. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 6/15/2026; Original Air Dates: 8/25/2025 & 4/6/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
The reverse mortgage has been shrouded in controversy and misunderstanding due to some early abusive sales tactics and its highly vulnerable target market, but when used under the right circumstances, the reverse mortgage can be a game changer. Donna and Nathan have a conversation with reverse mortgage expert, Garrett Duffy, to explain how reverse mortgages work, and who should and shouldn’t consider one as part of their retirement income plan. This material is intended for informational educational purposes only and should not be construed as investment advice, a solicitation, or a recommendation. Reverse mortgages are subject to risk, including possible foreclosure, high fees, and interest payments, and they may negatively affect your eligibility for various state and federal benefits. Please contact your financial professional for more information specific to your situation. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Special Guest: Garrett Duffy, Supreme Lending; Air Date: 6/12/2026; Original Air Date: 10/27/2023. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Trump savings accounts are begin rolling out on July 4th 2026 to give children of eligible birth years a head start on retirement savings with $1,000 of tax deferred initial funding, sparking both excitement and confusion. Donna and Nathan discuss the program details, the convoluted application process, and alternative early savings options for children. Also on MoneyTalk, sequence of returns risk, and Stock Trivia: Battle of the Sowas. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 6/11/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Until the 20th century, there was never an expectation that life would be better than that of your parents’, but the emergence of capitalism forged a prolonged period of economic growth that we now take for granted. On this edition of our MoneyTalk Moment in Financial History, Nathan takes us through the origins of capitalism, highlighting the inflection point that we find ourselves in. Also on MoneyTalk, how to think about investment risk. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 6/10/2026; Original Air Date: 9/18/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
In 2026 we’ve finally managed to close the infamous retirement savings gap, with average savings rates for Americans reaching the level necessary to eventually afford retirement. Donna and Nathan discuss the factors driving this trend, and how Gen Z is leaning into financial wellness. Also on MoneyTalk, financial scams to avoid, and Stock Trivia: Battle of the Sowas. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 6/9/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
One of the primary goals of estate planning is minimizing overall tax burden, and when dealing with large estates, the small details can make all the difference. Donna discusses one particular aspect of inheritance planning: the difference between using date of death vs alternate valuation date. Also on MoneyTalk, deciding whether to rollover your 401K, and planning for your first year of retirement. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 6/8/2026; Original Air Dates: 1/8/2024 & 11/10/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Broadly speaking, commodities can be an effective portfolio diversifier as they are often negatively correlated to the stock market, however, each type of commodity carries its own unique set of risks, so it’s important to investigate before you invest. Nathan discusses how commodities investing works, and the precautions to take when considering them for your portfolio. Also on MoneyTalk, understanding stock options, and the history of the Nasdaq. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 6/5/2026; Original Air Date: 5/17/2023 & 6/21/2023. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
For a young person starting out, receiving rental income from a multi-family home can be a great way to offset the cost of your mortgage, but many are unequipped to navigate the complicated tax rules that govern rental income without the help of a tax professional. Donna and Nathan discuss some specifics around rental property taxes and how to ensure that the IRS and property inspectors don’t catch you off guard. Also on MoneyTalk, breaking down the financial planning process, and Stock Trivia: Battle of the Sowas. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 6/4/2026; Original Air Date: 2/2/2023. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
It seems implied that retirement accounts are the best vehicles for your retirement savings, but depending on your circumstances, the flexibility of an after tax brokerage account can be a major benefit. Nathan explains how non-retirement accounts can work to compliment your retirement portfolio. Also, on our MoneyTalk Moment in Financial History Nathan and Daniel tell the story of Alexander Hamilton and The Whiskey Rebellion. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Guest: Daniel Sowa; Air Date: 6/3/2026; Original Air Date: 4/26/2023. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
They say that what separates investing from gambling is the availability of information to facilitate educated decision making, but what about the information a skilled Poker player reads on an opponent’s face, or the limited information available for a start up company? Donna and Nathan discuss the gray area between gambling and investing, and why it’s important to understand the difference. Also on MoneyTalk, bringing 401Ks into the 21st century, add Stock Trivia: Battle of the Sowas. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 6/2/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Retirement planning is mainly focused on the math, but there is much more to aging than surviving financially, and today’s advisors are taking a more holistic approach to serving their senior clients. Donna discusses how longevity planning is providing a more comprehensive solution to the needs of retirement community. Also, on MoneyTalk, what to do with your old 401k. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 6/1/2026; Original Air Dates: 1/5/2026 & 8/26/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
See omnystudio.com/listener for privacy information.
Investments can be packaged and presented in a variety of ways, and understanding your investments requires an equal understanding of the vehicles that carry them. Nathan offers an in depth look at ETFs and other investment vehicles. Also, on MoneyTalk, IRAs vs brokerage accounts, and understanding stock options. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 5/29/2026; Original Air Dates: 6/27/2023, 8/2/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
See omnystudio.com/listener for privacy information.
Inheriting money from your spouse is a pretty straightforward process, but when money is passed down from parents or other family members, the rules get a bit more complicated. Donna and Nathan discuss the process of distributing assets from a non-spousal inheritance. Also, on MoneyTalk, Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 5/28/2026; Original Air Date: 7/1/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
See omnystudio.com/listener for privacy information.
In this episode of MoneyTalk, Nathan discusses how to navigate accounts offered by workplaces. Also on MoneyTalk, Nathan and Dan chat about steam engines and the first monopoly. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 5/27/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
On this episode of MoneyTalk, Nathan discusses the concept and philosophy of money. Also, on MoneyTalk, how the Monte Carlo simulation works, and passages from a recent book that Nathan cannot put down. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 5/22/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
See omnystudio.com/listener for privacy information.
On this episode of MoneyTalk, Donna and Nathan discuss common misconceptions and tips when dealing with tax after retirement. Also, on MoneyTalk, the differences in how companies incorporate. Finally, it's game time with MoneyTalk! The team plays Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 5/19/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
See omnystudio.com/listener for privacy information.
In this episode of Don Sowa's MoneyTalk, Nathan discusses important topics when choosing a financial planner. Also, on MoneyTalk, Nathan shares some of his favorite reads that has helped educate him throughout his years in the industry. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 5/20/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
See omnystudio.com/listener for privacy information.
In this episode, Donna talks about the stages and milestones in planning for retirement. Also, on MoneyTalk, the financial considerations for re-entering the workforce. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 5/18/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
See omnystudio.com/listener for privacy information.
In this episode, Nathan discusses the importance of Roth IRA conversions and Required Minimum Distributions. Also, on MoneyTalk, the meaning of credentials in the financial planning industry. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 5/15/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Inheriting money can be a blessing, however depending on your relationship to the deceased and the account type, the rules on how you are taxed can be dramatically different. Donna and Nathan discuss stepped-up basis, non-spousal inherited IRA distributions, the 10 year rule, and more. Also on MoneyTalk, ways to catch up on your savings, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 5/7/2026; Original Air Dates: 7/9/2024 & 8/27/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
One of the leading economic pain-points of recent years has been interest rates, but is today’s rate environment really that high from a historical perspective? Nathan takes us through the history of interest rates in the US, from the instability of the pre-central bank era, through the post-pandemic inflation. Also on MoneyTalk, overactive trading, real estate investing, and more. Host: Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 5/8/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Today on MoneyTalk, Donna discusses Roth Conversions, Custodial Roth IRAs, sources of the K-shaped economy, 60-day rollovers, debt consolidation, and new 401K features. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 5/11/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Today we have been seeing a decrease in the supply of CPAs, leaving more and more taxpayers on their own to prepare their filings. Donna and Nathan offer some DIY tax filing best practices to take a like bit of the stress out of your tax season. Also, on MoneyTalk, 7 lessons for new retirees, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 5/7/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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How you choose to structure your business will have great bearing over how you are taxed, and how much liability you take on. Nathan discusses how each of the various types of business entities operate, how they differ, and why it is important to seek professional guidance when deciding which formation is right for you. Also, on our MoneyTalk Moment in Financial History, Nathan and Daniel tell a story of corruption and human sacrifice: the building of the second transcontinental railroad, the Northern Pacific. Host: Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 5/6/2026; Original Air Date: 11/7/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Investing can be a humbling endeavor, and even the most successful investors have a few bets that they wish they could take back. Donna and Nathan discuss the fatal errors that led Mike Steinhardt, one of the nation’s most successful hedge fund managers, to lose over $800M in just four days. Also, on MoneyTalk, strategic asset allocation and market timing, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 5/5/2026; Original Air Dates: 2/23/2023 & 2/6/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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As an early investor, the risk of loss is balanced by your expected time in the market, but for those approaching retirement, loss of principle can be a major risk as you begin to draw income from your investments. Donna discusses how sequence of returns risk can play a major role in your ability to meet your retirement goals. Also, on MoneyTalk, challenges for those aging alone. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 5/4/2026; Original Air Dates: 9/22/2025 & 11/17/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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The Health Savings Account is the only investment vehicle that features tax deductibility, tax free growth, and tax-free qualified withdrawals. Nathan discusses how HSAs work, who offers them and who should maximize their benefits. Also, on MoneyTalk, understanding the bond market, and employer stock option plans. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 5/1/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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No innovation contributed more to westward expansion and American progress than the transcontinental railroad, but the road to that progress was paved in corruption and brutality. On this edition of our MoneyTalk Moment in Financial History, Nathan and Daniel tell the story of the first transcontinental railroad, and the greed, ambition and bloodshed that made it all possible. Also, on MoneyTalk, how different commodities move in relation to the markets, and how to properly use them for diversification. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Special Guest: Daniel Sowa; Air Date: 4/29/2026; Original Air Dates: 6/4/2024 & 5/21/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Each of us have our own conceptions about money which have been developing from a young age, and often these stories we tell ourselves can be self-destructive. Donna and Nathan take us through some of the common “money scripts” that tend to guide people’s financial decision making, and how to reframe your money mindset. Also, on MoneyTalk, how to financially support your young adult children without enabling dependency, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 4/28/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Navigating taxes doesn’t end when your 9-to-5 does, and in retirement the rules can get increasingly complex. Donna discusses some of the tax topics that tend to complicate the filing process for retirees, including social security, RMDs, quarterly estimates, and more. Also, on MoneyTalk, action items for your first year of retirement, and grounding your expectations to reality. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 4/27/2026; Original Air Dates: 1/13/2025, 11/10/2025 & 12/8/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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The MoneyTalk show has been running for over three decades because of an active listener community who we are privileged to serve. On this episode, Nathan takes on personal finance topics suggested by listeners like you, including DIY investing, 401k pros and cons, basic investment strategies, and understanding the different investment categories. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 4/24/2026; Original Air Dates: 6/14/2023, 7/28/2023, 8/2/2024 & 2/6/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Social Security is a core component of most Americans’ retirement plans, but it may surprise you to hear that it was highly controversial when initially proposed, and to get it passed, Congress had to include complex provisions which still exist to this day. Donna and Nathan discuss the intricacies of the Social Security system, and the reasons why it has been so difficult to reform. Also, on MoneyTalk, how our tendency toward pessimistic thinking drives our investing decisions, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 4/23/2026; Original Air Date: 1/12/2023 & 7/1/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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If your child asked you what caused the Great Depression, you might refer to the stock market crash of 1929, but stock markets don’t crash on their own, and the roots of our nation’s worst economic crisis had been growing for decades. On this addition of our MoneyTalk Moment in Financial History, Nathan and Daniel discuss the economic vulnerabilities of the 1920s that ultimately led to the Great Depression. Also, on MoneyTalk, the challenge of portfolio diversification. Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 4/22/2026; Original Air Dates: 3/29/2023 & 5/7/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Budgeting is among the most vanilla financial topics we discuss on the show, but following a budget is an essential first step to being able to spend guilt free, plan for large expenses, and meet your financial goals. Donna and Nathan discuss the process of creating a budget for individuals at all income levels. Also, on MoneyTalk, questions you should ask when shopping around for a new financial advisor, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 4/21/2026; Original Air Date: 3/21/2024 & 7/29/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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You may hear some people say that you should wait until age 70 to claim Social Security to maximize your benefit, and while this may be the right option for many, it is certainly not a one-size-fits-all strategy. Donna discusses how to go about the decision-making process for when to claim Social Security. Also, on MoneyTalk, how longevity planning is providing a more comprehensive solution to the needs of retirees. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 4/20/2026; Original Air Dates: 6/30/2025 & 1/5/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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President Eisenhower famously said âWhat is important is seldom urgent, and what is urgent is seldom important, highlighting the difference between tasks that demand immediate attention, and those that contribute to long term goals. Nathan discusses how this principle applies to our retirement goals, and how a disciplined approach to planning can help us avoid this common pitfall. Also, on MoneyTalk, the psychology of money, and the phases of retirement. Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 4/17/2026; Original Air Dates: 12/8/2023, 6/26/2024 & 12/4/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Many people use a home equity line of credit for home renovations and unforeseen liquidity needs, but if you are carrying an old balance on your variable rate HELOC, the current high-interest rate environment has not been friendly to you. Donna and Nathan discuss options for managing variable rate home equity loan balances, and strategies for paying down other forms of high interest debt. Also, on MoneyTalk, Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 4/16/2026; Original Air Date: 4/4/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Investments can be packaged and presented in a variety of ways, and understanding your investments requires an equal understanding of the vehicles that carry them. Nathan offers an in depth look at ETFs and other investment vehicles. Also, on this edition of our MoneyTalk Moment in Financial History, Nathan tells the infamous story of one of the first major US railroads, the Eerie, and the war that ensued between the industry titans. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 4/15/2026; Original Air Dates: 3/6/2024 & 8/2/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Tis the season of paying, and as millions of Americans scramble to get their taxes filed on time, avoidable mistakes will inevitably be made. Donna and Nathan offer last minute tax filing tips to help you avoid some of the more common errors. Also, on MoneyTalk, new investment accounts controlled by teens, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 4/14/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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One of the contributions of the SECURE Act 2.0 is the ability to hold an annuity within your 401(k) plan, but while a product with guaranteed income may sound appealing, it's not going to be a fit for everyone. Donna discusses annuities and who they will benefit most. Also, on MoneyTalk, AI prompt engineering to enhance your financial decision making. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 4/13/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Since the advent of the MoneyTalk show we’ve discussed the art of portfolio management, but there is also a science behind the methods asset managers employ. Nathan discusses how different asset allocation strategies can be used to achieve specific investment goals. Also, on MoneyTalk, common retirement mistakes, and takeaways from Hans Rosling’s book, “Fact-fullness: Ten Reasons Why We’re Wrong About the World, and Why Things Are Better Than You Think”. Host: Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 4/10/2026; Original Air Dates: 6/12/2023, 1/26/2024 & 7/21/25. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Some people structure their retirement plan to spend more in their early years and rein it in over time. But it's that reigning in process that tends to trip people up. Donna and Nathan discuss when front-loading your retirement spending makes sense, and the importance of proper execution. Also, on MoneyTalk, the pros and cons of using target date funds, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 4/9/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Great reward typically comes with an equal measure of risk, and this is especially true when it comes to investing. Nathan discusses the various forms of investment risk, including loss of principal, purchasing power, liquidity, geopolitical, currency risk, and more. In this edition of our MoneyTalk Moment in Financial History, Nathan tells the story of America’s rise to power through the lens of the US banking system. Host: Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 4/8/2026; Original Air Dates: 1/18/2023 & 1/26/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Giving is an essential part of a healthy society, and hey, if that generosity can save you a few bucks on your taxes, then all the better! Donna and Nathan discuss charitable giving strategies investors can use to maximize the tax deductibility of their donations. Also, on MoneyTalk, annuity basics, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 4/7/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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One of the simplest and most impactful things you can do for your financial welfare is to keep an emergency fund. Donna discusses how to determine the appropriate size of your emergency fund, and what kind of needs it should be used for. Also MoneyTalk, adjusting your equity allocation in retirement, and a new retail scam with a surprising twist. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 4/6/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
You likely have heard of the three primary US stock indices, the Dow Jones Industrial Average, the S&P500 and the Nasdaq, but many people don't have a clear understanding of which they should be following, and when. Nathan discusses the differences between the Big Three, and why each one is uniquely important to the overall market. Also, on MoneyTalk, how to determine what should be included in your financial plan, and the history of the fractured US banking system before the creation of the Federal Reserve. Host: Nathan Beauvais CFP®, CIMA®, CPWA®; Special Guest: Daniel Sowa; Air Date: 4/1/2026; Original Air Dates: 1/11/2023, 9/8/2023 & 2/18/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Asset managers are always looking for creative ways to introduce safety into retirement portfolios without sacrificing growth, and some argue that the traditional 60/40 portfolio may be outdated. Donna and Nathan discuss diversification through alternative asset classes, and how to to find right mix for you. Also, on MoneyTalk, DIY investing tips, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 4/2/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Medicare and Social Security are the two government entitlement programs that just about all of us will have to deal with, and when that time comes, we want you to be prepared with the information you’ll need to make the right decision. Donna and Nathan discuss how to decide when it’s appropriate to file for Medicare and Social Security based on your personal circumstances. Also, on MoneyTalk, is it worth it to move to a state with no income tax, and Stock Trivia: Two Truths and a Lie. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 3/31/2026; Original Air Dates: 8/13/2024 & 1/6/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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It’s pretty common to insure your home and auto, but is that truly enough to leave you covered? Donna and Nathan discuss umbrella insurance, how it works, and why so many financial professionals today consider it a key layer of protection. Also, on MoneyTalk, lessons from Morgan Housel’s acclaimed book, The Psychology of Money, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 3/26/2026; Original Air Dates: 1/11/2023 & 8/1/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Social safety nets have existed in one form or another since the Middle Ages, but no government entitlement program has touched more people or enjoyed more longevity than Social Security. On this edition of our MoneyTalk Moment in Financial History, Nathan takes us through the events that led to the unlikely passing of the Social Security program, and why it’s been so critical to the ongoing welfare of our nation. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 3/25/2026; Original Air Date: 8/9/2023. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
That 10 year stretch of time leading up to retirement is a critical period when your strategic retirement plan gets accelerated to get you past the goal line, and how you choose to focus your efforts and resources will make all the difference. Donna runs through 10 questions you should be asking yourself when planning for your final approach to retirement. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 3/30/2026; Original Air Date: 9/23/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Today, with less and less people using a CPA to file their taxes, mistakes are exceedingly common and can lead to delays and added costs. Donna and Nathan discuss some common tax filing mistakes that are simple to avoid to help you make this tax season a smooth one. Also on MoneyTalk, the complications that come with inheriting money, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 3/24/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Finding a new advisor is all about seeking compatibility, and as much as investment philosophy and personality matter, age tends to be one of the factors that weighs heavily on the decision-making process. Donna and Nathan discuss how experience and relatability impact peoples’ choice when selecting a financial advisor. Also, on MoneyTalk, planning for the risks you won’t see coming, responsible use of credit cards for kids, and celebrity estate planning horror stories. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 3/23/2026; Original Air Dates: 7/20/2023, 7/2/2024 & 7/11/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Many people hire an advisor because they feel that their investments are too important to risk going it alone, but for those who choose a more self-directed approach, it’s important to know the pitfalls to avoid. Nathan discusses DIY investor traps and how to be a smart money manager. Also on MoneyTalk, basics of workplace accounts, current yields and preferred stock, and the price of time. Host: Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 3/20/2026; Original Air Dates: 6/12/2023, 8/3/2023, 8/2/2024 & 2/5/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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One popular tool used by investors to project portfolio longevity is the Monte Carlo simulation, but good retirement planning is highly personalized, and simulations can take the process only so far. Donna and Nathan discuss how financial advisors take planning tools to the next level by interpreting the results and applying them strategically to your individual circumstances. Also on MoneyTalk, how to determine your ideal retirement account withdrawal rate, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 3/19/2026; Original Air Date: 6/27/2023 & 7/6/2023. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
There are few periods in the 20th century that were more impactful to the global economy than the Iranian oil crisis and the revolution that followed. On this edition of our MoneyTalk Moment in Financial History, Nathan and Daniel tell the story of how Iran seized control of their oil industry from the British, and the ripple effects that it caused across the globe. Host: Nathan Beauvais CFP®, CIMA®, CPWA®; Special Guest: Daniel Sowa; Air Date: 3/18/2026; Original Air Date: 8/6/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Ever since the advent of index funds and ETFs, the industry has debated the value provided by mutual fund managers, especially with passive alternatives available at lower cost to investors. Donna and Nathan consult the data and discuss the benefits and drawbacks of active and passive investments. Also, on MoneyTalk, Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 3/17/2026; Original Air Date: 12/20/2023. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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If you are within 10 years of retirement, you need to start planning more intentionally for the transition ahead of you, and the best place to start is figuring out what questions you will need answers to. Donna and Nathan cover some of the questions you’ll need to consider on the run up to retirement. Also on MoneyTalk, how AI is reshaping our daily lives, when is it too late to catch up on retirement savings, is it wrong to respond to market volatility, and more. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 3/16/2026; Original Air Date: 8/14/2023. Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Estate planning can be complex, or as simple as naming beneficiaries on your IRA, so even if your situation seems straightforward, if you own assets, you need an estate plan. Nathan welcomes back estate attorney and longtime friend of the show, Andy Nault, to discuss the different ways wills, trusts, and other legal arrangements can be structured to ensure your assets end up in the right hands after you pass way. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Special Guest: Andy Nault, Brule Nault & Hainley; Air Date: 3/13/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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People often use commodities as a portfolio diversifier or a hedge against inflation, and while this can be true for some materials, commodities vary broadly so knowing what types to use can be a challenge. Nathan discusses how different commodities move in relation to the markets, and how to properly use them for diversification. Also, on our MoneyTalk Moment in Financial History we discuss one of the earliest and most consequential financial bubbles of all time, the South Sea Bubble. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 3/11/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
AI has created a new frontier for identity theft and consumer fraud, and more and more people are finding unauthorized lines of credit opened in their name, which can be a credit killer and a nightmare to fix. Donna and Nathan discuss how freezing your credit as a preventative measure has become easier than ever, and a critical defense against these rapidly growing threats. Also, on MoneyTalk, what to do if you are made executor of an estate, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 3/12/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
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Things happen that are out of our control, and the IRS has added new flexibility into retirement account withdrawal rules to better accommodate those situations. Donna and Nathan explain how the rise in hardship withdrawals may be a signal that IRA rule flexibility is working against our collective retirement goals. Also on MoneyTalk, avoiding investor hindsight, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 3/10/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
The year before retirement can bring a mix of anticipation and anxiety, but one way to harness those emotions is to focus on the action items that need your attention most before you take the big leap. Donna discusses some of the things that should be on your final approach to retirement checklist. Also on MoneyTalk, what to do with that old 401K. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 3/9/2026; Original Air Date: 8/26/2024 & 1/12/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Social Security is one of those universal retirement topics that touches just about everyone, and as such we like to give it its proper attention here on the MoneyTalk show. Nathan covers the information you need to know around Social Security rules, legislation, and the history of the program’s implementation. Also, on MoneyTalk, stress testing your retirement plan. Host: Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 3/6/2026; Original Air Date: 5/10/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
See omnystudio.com/listener for privacy information.
Retirement planning is a life-long endeavor, and ruminating over the financial question marks that linger in the back of our minds can weigh on us over time. Donna and Nathan discuss retirement planning issues that keep people up at night, including whether or not their money will last, how to pay for long term care, sorting out financial clutter, and much more. Also, on MoneyTalk, Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 3/5/2026; Original Air Date: 8/29/2023. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
See omnystudio.com/listener for privacy information.
Cash gifting to family members in need is exceedingly common in our inflated economy, but if you are planning on offering monetary gifts to your loved ones, it is important that you do so as part of an overall gifting strategy. Donna and Nathan discussed annual and lifetime gift tax limits, and how to properly record your activity with the IRS. Also, on MoneyTalk, managing portfolio risk, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 3/3/2026; Original Air Date: 11/21/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
See omnystudio.com/listener for privacy information.
You may have heard of the 4% Rule, which suggests 4% as the maximum sustainable rate of withdrawal from your retirement accounts, but over recent years the goal posts have been shifting, leading some to question the validity of this classic rule of thumb. Donna offers insights from experts on what rate of withdrawal makes sense based on current and projected cost of living, and the importance of building flexibility into your retirement plan. Also on MoneyTalk, things should you be focusing on during your last year before retirement. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 3/2/2026; Original Air Date: 8/25/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
For as long as we’ve had written history, money has held three important functions in our society: as a medium of exchange, a unit of account, and a store of value. But that last function has come under pressure over time due to the presence of inflation. Nathan discusses how our understanding of money has evolved over the millennia, and why it matters for our future. Also, on MoneyTalk, what to look for when researching mutual funds. Host: Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 2/27/2026; Original Air Date: 8/8/2025. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
See omnystudio.com/listener for privacy information.
In his 2026 state of the union address, the president announced a new public retirement plan with a government match for workers without access to an employer sponsored plan. Donna and Nathan discuss this bold initiative and what it could mean for future retirees. Also on MoneyTalk, why the AI disruption is accelerating and who is being hit hardest. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 2/26/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Estate Planning can sound a bit grandiose, but when broken down into its parts, it is simply a series of measures intended to protect your assets for the future, and some of the more important estate planning tools at your disposal are surprisingly simple. Donna goes through various steps that people with young families can take to begin building out their estate plan. Also on MoneyTalk, common Retirement mistakes and how to avoid them. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 2/23/2026; Original Air Dates: 11/20/2023 & 12/9/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Since the advent of the MoneyTalk show we’ve discussed the art of portfolio management, but there is also a science behind the methods asset managers employ. Nathan discusses how different asset allocation strategies can used to achieve specific investment goals. Also on MoneyTalk, highlights from Scott Patterson’s “Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crises”, and why many companies today choose stock buybacks over paying dividends. Host: Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 2/20/2026; Original Air Dates: 7/28/2023, 8/23/2023 & 4/10/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
The current generation of young investors has been quick to adopt the latest innovations in financial technology, which has resulted in a higher rate of market participation than emerging generations of the past. Nathan and Donna discuss lessons we can learn from today’s budding investor class. Also on MoneyTalk, Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 2/19/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.
Life is full of issues that are important, but not urgent, and one way to stop yourself from kicking the down the road is through a well-developed financial plan. Nathan discusses some of the key components of a financial plan, and how to decide what should be included in yours. Also on MoneyTalk, some top financial scams, and Stock Trivia: Two Truths and a Lie. Host: Nathan Beauvais CFP®, CIMA®, CPWA®; Air Date: 2/18/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
See omnystudio.com/listener for privacy information.
Let’s be honest, none of us like thinking about our mortality, and unfortunately this can lead to procrastination with addressing important estate planning matters. Donna and Nathan discuss some of the more common estate planning mistakes and some simple steps you can take ensure that your assets are protected for the long haul. Also, on MoneyTalk, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 2/17/2026; Original Air Date: 7/25/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!
See omnystudio.com/listener for privacy information.
During periods of global unrest, it is not uncommon to find investors decreasing their risk exposure, but when it comes to your retirement accounts there is an important distinction between moving into cash, and cashing out your portfolio. Steve and Nathan explain the importance of avoiding tax consequential decisions in response to current events. Also, our MoneyTalk Moment in Financial History gets into the history of war time financial markets. Hosts: Steven Beauvais & Nathan Beauvais CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 11/13/2024 (Original Air Date: 11/8/2023). Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
December deadlines are fast approaching, and we’re here to help you put a bow on your finances so you can settle in and enjoy your holidays. Donna discusses items to consider for your year-end planning checklist, such as gifting, payroll deferrals, charitable giving, RMDs, portfolio rebalancing, and more. Also on MoneyTalk, features and benefits of different types of annuities. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 11/11/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
The reverse mortgage has been around for over 60 years, but because of some early abusive sales tactics and its highly vulnerable target market, the product remains shrouded in controversy and misunderstanding. Donna and Nathan have a conversation with reverse mortgage expert, Garrett Duffy, to uncover some common misconceptions about reverse mortgages, and explain who should and shouldn’t consider them as part of their retirement income plan. This material is intended for informational educational purposes only and should not be construed as investment advice, a solicitation, or a recommendation. Reverse mortgages are subject to risk, including possible foreclosure, high fees, and interest payments, and they may negatively affect your eligibility for various state and federal benefits. Please contact your financial professional for more information specific to your situation. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Special Guest: Garrett Duffy, Supreme Lending; Air Date: 11/8/2024. Original Air Date: 10/27/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
Scammers have gotten more and more creative in their efforts to deceive the public, and even those who consider themselves diligent often fall victim to these new tactics. Donna and Nathan share personal accounts of attempted scams they were targeted by, and some of the most common types of consumer fraud that you need to be aware of. Also on MoneyTalk, lessons from Morgan Housel’s acclaimed book, The Psychology of Money, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 11/7/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
With the government likely under full Republican control, there is high potential for drastic policy changes that could have a meaningful impact on the economy. Nathan and Steve discuss some of the agenda items where the new Trump administration and Congress will likely focus their efforts, and how we can expect financial markets to respond. Also, on our MoneyTalk Moment in Financial History we cover the Panic of 1907 & 1908. Hosts: Nathan Beauvais CFP®, CIMA® & Steven Beauvais; Air Date: 11/6/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
The income limits on Roth IRAs exclude a large portion of the population from contributing, but luckily there are some workarounds. Donna and Nathan discuss some loopholes to the Roth participation rules that could help you take advantage of its vast benefits. Also on MoneyTalk, promoting financial literacy in schools, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 11/5/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
Life insurance is vitally important, and often never actually used, which makes it a difficult sell for some people. Donna and Nathan discuss how different types of life insurance policies work, who they are most appropriate for, and the critical role they can play in managing your risk. Also on MoneyTalk, understanding restricted stock units, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/31/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
You may think of ETFs and mutual funds as similar products used to accomplish the same goal, but in reality ETFs and mutual funds have less in common than you may think. Donna and Nathan debunk some common myths about ETFs, and explain how they can be used as part of a balanced portfolio. Also, on our MoneyTalk Moment in Financial History, Nathan and Steve tell the story of the very first consumer credit card, the BankAmericard. Hosts: Donna Sowa Allard, CFP®, AIF®, Nathan Beauvais, CFP®, CIMA® & Steven Beauvais; Air Date: 10/30/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
Now is the time to start getting your financial ducks in a row in preparation for year end. Donna and Nathan take us through some of the items that should be on your tax planning checklist, including tax loss harvesting, IRA contributions, whether you’ve paid enough taxes for the year, inherited IRA distributions, RMDs, and more. Also on MoneyTalk, understanding your credit score, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/29/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
On MoneyTalk we strive to provide timely and relevant topics to help guide our listeners’ financial decision making. Nathan discusses a bold tail risk hedging strategy, the pros and cons of stock buy backs, and the explores the existential question, what is money?
Host: Nathan Beauvais, CFP®, CIMA®; Original Air Dates: 7/28/2023, 8/23/2023 & 4/10/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
As Americans jump from job to job more frequently, the tendency to cash out their small 401(k) rather than rolling it over increases, adding to our already declining national savings rate. Donna and Nathan discuss how one proposal that’s been circulating aims to address this problem, the lifetime savings account. Also on MoneyTalk, the problem with financial advice on social media, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/24/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
Many Americans today use rental properties to generate passive income, and although this can be a great way to offset the high cost of living, it can also add complexity to your tax situation. Donna and Nathan discuss considerations when managing taxes on rental income. Also on MoneyTalk, Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Original Air Date: 6/1/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
Estate Planning can sound a bit grandiose, but when broken down into its parts, it is simply a series of measures intended to protect your assets for the future, and some of the more important estate planning tools at your disposal are surprisingly simple. Donna goes through various steps that people with young families can take to begin building out their estate plan.
Host: Donna Sowa Allard, CFP®, AIF®; Original Air Date: 11/20/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
Statistics show that one member of each retired couple will need some sort of end of life care, and your standard health coverage may fall short of those needs. Donna and Nathan discuss the mechanics of long term care insurance policies, and how to determine what kind of policy may be right for you. Also on MoneyTalk, the challenges of retiring in a down market, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/17/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
Since the passing of the SECURE Act 2.0, the IRS age trigger for required minimum distributions has been raised to 73, but having a little extra time to grow your assets doesn’t necessarily mean there will be more money left when you pass. Donna and Nathan discuss RMD planning, and how to use the rules to your maximum benefit. Also on MoneyTalk, Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/15/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
Retirement planning, at its essence, is about saving money, but a well developed retirement plan is constructed in phases, each with its own unique set of focuses and priorities. Donna discusses how to execute each stage of your retirement plan. Also on MoneyTalk, when does it make sense to take social security early?
Host: Donna Sowa Allard, CFP®, AIF®; Original Air Date: 4/22/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.
If you ask people how they think the economy is doing, you may get a wide range of responses depending on who you ask. To drill down on this question, Donna and Nathan invite JP Morgan Chief Market Strategist for the Americas, Gabriela Santos, to the program to talk about Fed rate policy, labor markets, inflation, housing, and more. Also, on our MoneyTalk Moment in Financial History we tell the story of how Charlie Merrill contributed to the democratization of the stock market and the rise of the American middle class.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Guest: Gabriela Santos, JP Morgan; Air Date: 10/9/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Let’s be honest, none of us like thinking about our mortality, and unfortunately this can lead to procrastination with addressing important estate planning matters. Donna and Nathan discuss some of the more common estate planning mistakes and some simple steps you can take ensure that your assets are protected for the long haul. Also on MoneyTalk, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Original Air Date: 7/25/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
They say opposites attract, but when partners have opposing money philosophies and risk tolerances, combining your finances into a strategy that serves both parties’ needs can be a daunting task. Donna and Nathan discuss the importance of compromise when managing household assets. Also on MoneyTalk, big mistakes made by some history’s most iconic investors.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/2/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The MoneyTalk show was created for our listeners, and much of its best content comes directly from those listeners. In this episode, Donna and Nathan tackle some great listener questions on the differences between Coverdell education savings accounts and 529s, identifying good opportunities for Roth conversions, and how the Income Related Monthly Adjustment Amount impacts Medicare recipients. Also on MoneyTalk, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/1/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
It’s easy to get overconfident when it comes to investing, particularly if you’ve made a big call that panned out, but far more often human nature drives us to make losing decisions when we believe that we’re smarter than the herd. Donna and Nathan discuss some common ways people lose money in the market. Also on MoneyTalk, understanding volatility, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/26/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When we plan our retirement spending, some tend to lean towards the conservative due to the fear of running out of money. But history tells us that markets don’t drop to 0, and being overprotective of your nest egg may result in a lower quality of living than you deserve. Donna and Nathan talk about why it’s important not to leave joy on the table in retirement. Also on Money Talk, getting wealthy vs. staying wealthy, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/24/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
That 10 year stretch of time leading up to retirement is a critical period when your strategic retirement plan gets accelerated to get you to your goal, and how you choose to focus your efforts and resources will make all the difference. Donna runs through 10 questions you should be asking yourself when planning for your final approach to retirement.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 9/23/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Winston Churchill once said, “Of all of the economic systems, Capitalism is by far the least worst.”, and if we trace back the origins of Capitalism, we see a social construct designed to fuel growth and prosperity that also inadvertently led to widespread inequality. On this edition of our MoneyTalk Moment in Financial History, Nathan discusses how Capitalism led to the rapid economic progress of the 20th century, but with some unintended consequences. Also on MoneyTalk, a listener driven discussion on retirement transition decisions.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/18/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Even with equity markets soaring, the only two mutual funds categories seeing positive flows over the past 5 years have been multi-sector bonds and money markets, which begs the question, what has happened to investors’ appetite for risk? Donna and Nathan discuss the forces driving this phenomenon, and whether the Fed’s rate policy pivot may turn the tide. Also on MoneyTalk, frequent IRA mistakes, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/17/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
If you are one of the millions of Americans who doesn’t have a will, trust, or other estate planning tool in place, your assets are left at the mercy of the laws of the state in which you live, which can lead to unintended costs, headaches, and conflicts for your loved ones. On this Best of MoneyTalk episode, we revisit a conversation with estate planning attorney and long time friend of the show, Paul Brule, to discuss some of the most common estate planning mistakes and how to avoid them.
Hosts: Nathan Beauvais CFP®, CIMA® & Steven Beauvais; Guest: Paul Brule; Original Air Date: 3/24/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
IRAs are a great tool for saving for retirement, but they do have their limits, and for those looking to boost their retirement savings or who don’t qualify to contribute to a Roth, there is a variety of after-tax options that you could consider. Nathan takes a question from one of our listeners to discuss strategies for saving in non-retirement accounts. Also on MoneyTalk, insights from famed crypto investor, Mike Novogratz, and Stock Trivia: Two Truths and a Lie.
Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 9/10/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
During presidential elections, both sides of the aisle like to emphasize their candidate’s positive potential for the stock market, but what does the data tell us? Donna and Nathan run through each political party’s record on market performance when in control of the Whitehouse. Also on MoneyTalk, retirement healthcare costs, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/5/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When the Nasdaq was founded back in 1971, it was a niche stock exchange providing liquidity for small cap stocks that the NYSE didn’t want to cover, but today it has become the country’s most actively traded stock exchange and the preferred platform for the tech industry. On our MoneyTalk Moment in Financial History, Nathan and Steve tell the story of how the early innovations of the Nasdaq paved the way for the modern era of stock trading, and the surprising role that Bernie Maddoff played in making it all possible.
Hosts: Nathan Beauvais CFP®, CIMA® & Steven Beauvais; Air Date: 9/4/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Since the pandemic, the US has seen a spike in the number of new small business start ups, and although this sounds like good news for the economy, we’ve also experienced a decline in the number of workers being employed by these small businesses. Donna and Nathan discuss what a larger, leaner business landscape means for the overall economy. Also on MoneyTalk, how to engage in financial fasting, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/3/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Taxes tend to be a leading decision maker for voters, and with both sides of the divide stirring up disinformation about the opposition’s tax policies this election season, many are left unclear about the true fiscal agendas at play. Donna and Nathan walk us through the details of some of the more consequential tax proposals circulating during during the 2024 election. Also on MoneyTalk, strategies for catching up on retirement savings, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/27/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When leaving a job, many people choose to roll over their existing 401(k) to an IRA, but what you may not know is that there can be benefits to leaving your money where it is. Donna takes us through some of the considerations when deciding what to do with your old 401(k). Also on MoneyTalk, how to determine if you need long-term care insurance, and the benefits of having a trust.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 8/26/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Americans are always seeking opportunities to save on their taxes, and with healthcare costs for retirees continuing to rise, medical expenses are an often untapped area for tax savings. Donna and Nathan discuss how to identify which medical expenses are deductible, and which are not. Also on MoneyTalk, questions you should ask your financial advisor, and some unique retirement lifestyle choices.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/22/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The Department of Labor is embroiled in a legal dispute with the insurance industry over legislation aimed at protecting consumers from inappropriate annuity sales practices. Donna and Nathan discuss both sides of the debate and explain why they believe the case against annuities may be being oversold. Also on MoneyTalk, who should be working with a financial advisor, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/20/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Social Security is a core component of most Americans’ retirement plans, but it may surprise you to hear that it was highly controversial when initially proposed, and to get it passed Congress had to include complex provisions which still exist to this day. Donna and Nathan discuss the intricacies of the Social Security system, and the reasons why it has been so difficult to reform. Also on MoneyTalk, understanding tax categories and target date funds.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/19/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Over the last few years we’ve witnessed the most rapid period of rate hikes in modern history, and nowhere can this be felt more prevalently than in the mortgage market. Nathan speaks with Mike Kidwell, loan officer at Leader Bank, to discuss the state of the US mortgage market, how to determine the right time to refinance, and how the transformation of housing over recent decades has helped to lead us to this moment.
Host: Nathan Beauvais, CFP®, CIMA®; Guest: Mike Kidwell; Air Date: 8/16/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Each year on Black Friday American shoppers spend billions of dollars on goods, but what you may not know is that the original black Friday was anything but a boon for the economy. On this edition of our MoneyTalk Moment in Financial History, Nathan covers the events of Black Friday 1869, the historic market crash driven by plummeting gold prices, and the greed and ambition of one of the wealthiest and most infamous characters of the time, Jay Gould.
Hosts: Nathan Beauvais CFP®, CIMA® & Steven Beauvais; Air Date: 8/14/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
If you are considering moving to a state with no income tax to reduce your cost of living, you may be in for a surprise. Donna and Nathan discuss how states that charge no personal income tax to attract new residents make up for it in other ways. Also on MoneyTalk, 7 lessons for new retirees, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/13/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation! See omnystudio.com/listener for privacy information.
Many investors who don’t anticipate needing their retirement assets for income seek out ways to limit their future required minimum distributions. Donna discusses strategies for minimizing RMDs to reduce your retirement tax burden. Also on MoneyTalk, 529 best practices, lining up your retirement income sources, and how to handle your mortgage in retirement.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 8/12/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The unfortunate truth is that most people are not saving enough in their early working years, when their dollars make the greatest impact on their future retirement portfolio, and each decade that passes brings its own unique set of demands on your finances. Donna takes us through the evolution of our financial needs throughout the decades.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 8/5/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
On this episode, Donna and Nathan discuss umbrella insurance, and how to reinforce responsible use of credit cards with adult children. Also on MoneyTalk, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/1/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
On this episode of MoneyTalk, Nathan takes us back to basics to make sense of topics that some find confusing, including: workplace accounts, investment vehicles, investment categories, and more.
Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 7/26/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The IRS recently provided clarification on inherited IRA distribution rules in response to confusion around the changes introduced in the SECURE Act 2.0. Donna and Nathan explain how this new information impacts inherited IRA holders, and the tax consequences for failing to follow the rules. Also on MoneyTalk, lessons on behavioral finance and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 7/30/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
We spend a lot of time focusing on savings strategies, but at a certain point you’ll want to use that money, and the process for withdrawing from your assets should also be approached strategically. Donna and Nathan discuss how to make tax smart withdrawals from your investment accounts. Also on MoneyTalk, budgeting practices and frequently asked Medicare questions.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 7/29/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Let’s be honest, none of us like thinking about our mortality, and unfortunately this can lead to procrastination with addressing important estate planning matters. Donna and Nathan discuss some of the more common estate planning mistakes and some simple steps you can take ensure that your assets are protected for the long haul. Also on MoneyTalk, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 7/25/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
As money managers, we tend to consult history as a guidepost for where markets may be headed, and the further back you look, the clearer the picture often becomes. Nathan and Steve take us on a journey through 100 years of stock market returns, highlighting trends that may surprise you. Also, on our MoneyTalk Moment in Financial History we discuss one of the earliest and most consequential financial bubbles of all time, the South Sea Bubble.
Hosts: Nathan Beauvais CFP®, CIMA® & Steven Beauvais; Air Date: 7/24/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
With the provisions of the Tax Cuts and Jobs Act set to sunset at the end of 2025, Americans are taking a closer look at their tax deferred retirement accounts and how they can act now to minimize their lifetime tax bill. Donna discusses three things you should think about if you are considering a Roth conversion to get ahead of expected tax increases. Also on MoneyTalk, inheriting money, and Stock Trivia: Two Truths and a Lie.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 7/23/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The rules on Inherited IRAs have changed since the passing of the SECURE Act 2.0, and if you’re not up to date on the details you may find yourself on the wrong side of some serious tax liability. Donna discusses the options for those receiving on non-spousal inherited IRAs. Also on MoneyTalk, 529 rollovers, qualified charitable distributions, and Stock Trivia: Two Truths and a Lie.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 7/18/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The once vanilla market for passive investments has become more akin to a supermarket, with options tailored to every possible taste. Nathan and Steve discuss some of the more exotic and creative specialty funds available today, with focuses such as employee satisfaction, particular religious beliefs, gender diversity, obesity, and more. Also, on our MoneyTalk Moment in Financial History we cover the history of tariffs and income tax in the US.
Hosts: Nathan Beauvais CFP®, CIMA® & Steven Beauvais; Guest: Daniel Sowa; Air Date: 7/17/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Donna and Nathan discuss how experience and relatability weigh in to the decision of choosing a financial advisor, and non-retirement situations that prompt people to engage in financial planning. Also on MoneyTalk, Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 7/11/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation! See omnystudio.com/listener for privacy information.
The shift from do-it-yourself financial planning to seeking the help of an advisor typically happens as you approach retirement, but other common triggers are unplanned life events, like inheriting money. Donna and Nathan discuss the rules and considerations around inheriting different types of financial accounts. Also on MoneyTalk, explaining the primary four payroll withholding, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 7/9/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
If you were to be told 10 years ago that today you’d be earning more than 5% on a money market, you would probably laugh, but how this new reality and the resulting flood of money into risk free assets will impact investors in the long run is no laughing matter. Donna and Nathan discuss how Americans may be falling into the cash trap. Also on MoneyTalk, planning for inherited money, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 6/25/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Sometimes a client will come in thinking that their portfolio may need some slight adjustments, only to discover that what they really need is portfolio triage. Donna takes us through some examples of client portfolio nightmares, and how they came to pass. Also on MoneyTalk, what does retirement mean to you?
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 6/24/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
With more and more people saving a portion of their money on a Roth basis, the next generation of retirees will have greater opportunities for maximizing tax efficiency when it comes to taking retirement income. Donna and Nathan discuss the importance of order of distribution when it comes to drawing from your retirement assets. Also on MoneyTalk, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 6/20/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The vast majority of Americans will eventually have to think about Medicare planning, and knowing the rules ahead of time can help you when trying to project your retirement expenses. Donna and Nathan explain how the different Medicare plans work, and what considerations you should have when choosing your coverage. Also on MoneyTalk, unwinding the assets and debts of an inherited estate, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 6/18/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
With innovative new products entering the market every year, understanding how an investment impacts your portfolio risk can be a challenge. Donna discusses how to compare risk among various alternative investment products. Also on MoneyTalk, planning for the cost of healthcare in retirement.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 6/17/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The one element of financial planning that requires the most collaboration between advisor and client is goal setting, and to do it right takes time and thoughtful consideration. Nathan and Steve discuss how to approach the process of establishing and prioritizing your financial goals. Also, on our MoneyTalk Moment in Financial History Nathan and Daniel take us through one of the most significant and widely debated periods in American history, The Great Depression.
Hosts: Nathan Beauvais CFP®, CIMA® & Steven Beauvais; Guest: Daniel Sowa; Air Date: 6/12/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Having property passed down to you may sound like good fortune, but how to handle it is often not as straightforward as you may think. Donna and Nathan discuss considerations for those inheriting a home. Also on MoneyTalk, the European Central Bank announces their first rate cut in 5 years, the SEC puts pressure on meme stocks, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 6/6/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When shopping mutual funds, sorting through the vast number of categories can be a bit like picking from a ten page French restaurant menu. Nathan and Steve explain the differences between the various fund categories to help you make sense of the many available options. Also, on our MoneyTalk Moment in Financial History, our hosts tell the story of how Charles Schwab helped to bring Wall Street to the middle class.
Hosts: Nathan Beauvais CFP®, CIMA® & Steven Beauvais; Air Date: 6/5/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
To achieve diversification you need a mix of non-correlated assets, but over recent years the correlation gap between stocks and bonds has been closing, leaving investors unsure of where to go to manage their risk. Donna and Nathan discuss alternatives to bonds for those looking to build a well diversified portfolio. Also on MoneyTalk, family budgeting practices, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 6/4/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Inflows into actively managed funds have just surpassed those in passive funds for the first time in nearly 3 years, so why the sudden shift? Donna and Nathan discuss how the ongoing challenges within the bond market are creating opportunities for fund managers to add value. Also on MoneyTalk, how to plan for short term expenses, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 6/11/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
For early baby boomers, the transfer of wealth to the next generation typically took place at death, but today we are seeing far more retirees beginning to transfer their wealth while still living, which can require a more complex estate planning process. Donna discusses estate planning considerations for those looking to begin the wealth transfer process early. Also on MoneyTalk, how to balance our rising expectations for happiness, and determining the order in which to take your retirement income.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 6/10/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Small business owners often think of the company that they are growing as their ultimate retirement plan, only to discover too late that they’ve underestimated their future financial needs. Donna discusses retirement plan options for the self employed, and the importance of prioritizing yourself as you focus on building your business. Also on MoneyTalk, the challenges of aging alone, and re-entering the workforce after retirement.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 6/3/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
You might think that with the high cost of education today, having too much college savings would be the least of your concerns. But there are many circumstances in which 529 balances remain unused, particularly today when more and more children are opting to forgo college for alternate paths. Donna and Nathan discuss new options for unused 529 savings made available through the SECURED Act 2.0. Also on MoneyTalk, positive trends in retirement account participation, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 5/28/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Some approach retirement planning as a set -it-and-forget-it process, while others take an overly tactical approach, but a strategic retirement plan is a delicate balance of patience and prudent rebalancing. Donna and Nathan discuss some examples of calculated retirement planning moves intended to keep you on track for meeting your financial goals. Also on MoneyTalk, values-based retirement lifestyle planning, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 5/23/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Investing and risk go together like peas and carrots, and one of the jobs of your advisor is to weigh these risks against one another to develop a strategy that fits your particular investment profile. Donna discusses the process of weighing sequence of returns risk against the risk of market exposure. Also on MoneyTalk, Stock Trivia: Two Truths and a Lie.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 5/21/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
On the MoneyTalk show or mission has long been to serve the community by promoting financial education, but we also like to acknowledge the organizations out there serving the health and welfare of our community directly every day. Nathan invites to the show Meghan Grady, Executive Director of Meals On Wheels of RI, to discuss the important work being done by their organization to improve the lives of those who need it most. Also on MoneyTalk, judging tail risk hedging strategies.
Host: Nathan Beauvais, CFP®, CIMA®; Guest: Meghan Grady; Air Date: 5/17/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
On the MoneyTalk show or mission has long been to serve the community by promoting financial education, but we also like to acknowledge the organizations out there serving the health and welfare of our community directly every day. Nathan invites to the show Meghan Grady, Executive Director of Meals On Wheels of RI, to discuss the important work being done by their organization to improve the lives of those who need it most. Also on MoneyTalk, judging tail risk hedging strategies.
Host: Nathan Beauvais, CFP®, CIMA®; Guest: Meghan Grady; Air Date: 5/17/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
As we age, it’s only natural to look to the next generation with hopes that they won’t make the same mistakes that we did. Donna and Nathan reflect on the lessons we can impart on millennials as they struggle to pave their way through the challenges of today’s world. Also on MoneyTalk, how investors are attempting to navigate the choppy international waters, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 5/16/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Just when you thought the stock market was feeling normal again, the meme stock craze has been resurrected with names like GameStop, AMC, and Beyond Meat capturing the favor of recreational investors looking to, once again, game the system. Donna and Nathan discuss the dynamics of this newest wave of social media driven investing, and whether we should even be paying attention. Also on MoneyTalk, being a homebuyer in today’s punishing real estate market, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 5/14/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The jury is out on whether AI will replace certain professional careers, such as that of your financial advisor, but in its current state AI does have the power to enhance your financial planning if you know how to use it. Donna puts one of the top large language models to the test to see how they fair when faced with some of the common questions investors pose to their advisors. Also on MoneyTalk, what is the best way to withdraw money from your retirement portfolio?
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 5/13/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Social Security is one of those universal retirement topics that touches just about everyone, and as such we like to give it its proper attention here on the MoneyTalk show. Nathan covers the information you need to know around Social Security rules, legislation, and the history of the program’s implementation. Also on MoneyTalk, lessons from Hans Roseling’s book, “Factfullness: Ten Reasons Why We’re Wrong About the World, and Why Things Are Better Than You Think.”
Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 5/10/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Even if you know all of the rules that govern Traditional and Roth IRAs, deciding on which to use and how to use them can still be a difficult one. Donna and Nathan discuss the differences between Traditional and Roth IRAs, and the types of questions you should be asking yourself when deciding how to incorporate them into your retirement planning. Also on MoneyTalk, Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 5/9/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The motivation to start your financial plan often comes after big life events, such as the start of a new career, your first child, marriage, or divorce, but if your upcoming retirement is the life event that kick starts your planning, you may find yourself behind the 8 ball. Donna and Nathan discuss the importance of prioritizing financial planning while time is still on your side. Also on MoneyTalk, Donna zeros in on one of the more complex areas of financial planning that people tend to put off, estate planning.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 5/6/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When you get a new job and are told about the company 401(k), you likely have a good idea of how it works. But if your company offers one of the less common types of employer sponsored retirement plans, you may be left with more questions than answers. Donna and Nathan discuss Employee Stock Ownership Programs, how they differ from traditional retirement plans, and how they can be incorporated into your broader retirement portfolio if available. Also on MoneyTalk: 457 plans, Mega Backdoor Roth IRAs, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 5/2/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When you buy a home it can be a moment of great pride, but the allure of homeownership can also lead us into a financial hole that might’ve been avoided had you chosen to rent instead. Donna and Nathan discuss considerations for those trying to decide on whether to rent or to buy. Also on MoneyTalk, developing a diversification mindset, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 4/30/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Retirement planning tends to be disproportionally focused on finances, when one of the biggest issues that retirees struggle with is how to spend their time. Donna discusses retirement lifestyle management, as well as healthcare, income planning, and taxes. Also on MoneyTalk, considerations for a second home in retirement, and prioritizing savings goals.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 4/29/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
We typically only hear about bonds when we experience spikes in interest rates or inflation, but understanding how bonds work helps us to better understand how the economy functions. Nathan takes us through 10 things you should know about bonds. Also on MoneyTalk, lessons from Ben Carlson’s book, “Don’t Fall For It: A Brief History of Financial Scams”, and the pros and cons of 401Ks.
Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 4/26/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Gone are the days where retirement leads directly into a life of full time grand-childcare and quiet reflection. Today’s retirees are seeking a final act rich with community engagement where they can spend their time on activities that reflect their specific values. Donna and Nathan discuss how the trend of niche retirement communities is reshaping expectations of incoming retirees. Also on MoneyTalk, income planning strategies to minimize retirement health insurance premiums, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 4/25/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
At age 18, we are put in a position to make financial decisions that we don’t fully understand, and some quickly learn how a few small mistakes can carry long term consequences. April is Financial Literacy Month, and in this episode, Donna and Nathan discuss topics geared towards young adults, including: career planning, managing student loans, and responsible use of debt. Also on MoneyTalk, Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 4/23/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Each decade of our adult lives brings its own unique set of financial challenges, so as important as planning for retirement is, a good financial plan seeks to anticipate our coming needs in each stage along the way. Donna takes us through some of the financial priorities that turn up in our 40s, 50s and 60s. Also on MoneyTalk, how to determine if you need a trust.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 4/22/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Financial planning is something that we engage in every day when we budget and save for our various needs, but to experience the true value of financial planning we need to take a step back and look at all of our needs at once, prioritizing them so we can allocate our resources accordingly. Nathan walks us through the process advisors follow when crafting a successful financial plan. Also on MoneyTalk, understanding the different designations held by financial advisors, and Babson College professor, Chris Hennessey, explains some wealth management strategies used by higher net worth investors.
Host: Nathan Beauvais, CFP®, CIMA®; Guest: Chris Hennessey; Air Date: 4/19/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Getting married is one of the happiest and most exciting moments in life, but after the big day is over, many are unprepared for the transition to jointly managing their financial lives. Donna and Nathan discuss best practices for combining finances and managing shared expenses for newlyweds. Also on MoneyTalk, the pros and cons of borrowing from your retirement accounts, and Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 4/18/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The tax filing deadline is officially behind us, but for those who found themselves underprepared for the big day, it may be wise to start thinking about a better approach for next year. Donna offers tax prep tips, and ways you can get the most from your tax refund. Also on MoneyTalk, options for 529 holders who carry unused balances.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 4/15/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The majority of financial news coverage is focused on the stock market, but to long-term focused investment professionals the bond market is also vastly important, and when it comes to conversations of government bailouts, fixed income is the place they turn to first. Nathan speaks with Jeffrey Hannah, CFA®, CFP®, manager of the Aquila Narragansett Tax Free Income Fund, to talk about the state of the bond market, the Fed’s rate hikes, inflation, and the strategies fund managers use to design and manage municipal bond funds.
Host: Nathan Beauvais CFP®, CIMA®; Guest: Jeffrey Hannah, CFA®, CFP®; Air Date: 4/12/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The 4% rule is a rule of thumb which states that a typical retirement portfolio can sustain a withdrawal rate of 4% per year for 30 years without running out of money. Donna and Nathan explain the data behind this theory, and some of the reasons why it may not hold up in today’s world. Also on MoneyTalk, how to decide if you should do a Roth conversion.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 4/11/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Over the past decade we’ve seen a major shift in companies moving away from issuing dividends in favor of stock buybacks, and although this practice has been criticized by some of the media, it’s hard for investors to know if this strategy should impact their decision about whether or not to invest in the companies that issue them. Nathan discusses how stock buybacks work, and what they signal about the companies that initiate them. Also, on our MoneyTalk Moment in Financial History, Nathan and Steve offer lessons from the Bear Market of 1973.
Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 4/10/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
If you receive 100% of your income from your salary, the manner in which you are taxed is relatively straightforward, but most Americans receive income from multiple different sources, all of which are taxes a little differently. Donna and Nathan discuss how your tax liability is calculated on different types of income, including: social security, pensions, dividends and interest, capital gains, retirement accounts, life insurance proceeds, annuities, and real estate sales.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 4/9/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
From the early days of MoneyTalk, Don Sowa used to say that investing doesn’t have to be complicated, and a successful money management strategy starts with focusing on the basics. Donna brings us back to the basics of investing, answering some common questions such as: How much do you need to start investing? Where should you invest your money when starting out? And, if my portfolio is down while I’m taking withdrawals, how could that impact my retirement?
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 4/8/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The HELOC is one of the most popular types of home equity loan due to its flexibility, but many who are carrying old balances on their variable rate HELOCs are struggling with unmanageable payments due to our high interest rate environment. Donna and Nathan discuss options for managing variable rate home equity loan balances, and strategies for paying down other forms of high interest debt. Also on MoneyTalk, Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 4/4/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Donna pulls from the MoneyTalk Listener grab bag to answer questions from listeners like you, including: How does IRMAA impact my Medicare premium? What are some of the biggest regrets of todays retirees? And, how do you adjust your retirement plan if you are a senior going through a divorce?
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 4/1/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
We try our best to be intentional and calculated with how we manage our money, but until we acknowledge those involuntary forces behind our decisions, it’s hard to succeed in meeting our money goals. As a tribute to recently passed and highly regarded economist and writer, Daniel Kahneman, Donna and Nathan discuss his contributions to behavioral finance, and his insights about the biases that drive our decisionmaking around money.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 3/28/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
March has been a big month for IPOs, with Reddit defying expectations out of the gate and Trump Media’s SPAC receiving an inexplicable $8 billion valuation. Donna and Nathan discuss the disconnect between the public euphoria around IPO launches and their intrinsic value. Also on MoneyTalk, how conservative should you be in retirement? And, Stock Trivia: Two Truths and a Lie.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 3/26/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Donna opens up the MoneyTalk listener grab bag to answer questions directly from you, including: What is the tax treatment of life insurance? How are annuity payments taxed? What do I have to do if my 401(k) provider changes? What are the current IRA income and contribution limits? And, how do I choose which pension distribution option to take?
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 3/25/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Investments can be packaged and presented in a variety of ways, and understanding your investments requires an equal understanding of the vehicles that carry them. Nathan offers an in depth look at ETFs and other investment vehicles. Also on MoneyTalk, how to measure risk and uncertainty in investing, and key takeaways from Hans Rosling’s book, “Factfulness: Ten Reasons Why We’re Wrong About the World - and Why Things Are Better Than You Think”.
Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 3/22/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Choosing your financial advisor is a decision that should not be taken lightly, because any professional relationship that could span decades is worthy of a formal vetting process. Donna and Nathan discuss the questions you should ask when shopping around for a new financial advisor.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 3/21/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The 529 account is a wonderful tool for saving for your child’s education, but often times those funds end up going unused, forcing account holders to incur taxes and penalties on the interest earned. Donna explains an exciting new provision of The SECURE Act 2.0 allowing a portion of unused 529 funds to be rolled over to a Roth IRA under certain circumstances. Also on MoneyTalk, Donna covers more changes introduced in The SECURE Act 2.0, including employer matching contributions for student loan salary deferrals, and pension linked emergency savings accounts.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 3/18/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Many people think of their home as their biggest investment, and while that may be true on some level, the emotional connection we have to our home separates it from other traditional investments in several important ways. Nathan explains why you should treat your home differently than the other investments in your portfolio.
Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 3/15/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
We often talk about how retirement is changing, and for those retiring soon, it may be a good idea to revisit some of those assumptions that you made during the early days of your retirement planning. Donna and Nathan discuss current trends in retirement, including living longer than expected, retiring earlier than planned, working part time in retirement, expanding 401(k) options, and more. Also on MoneyTalk, the exponential impact of auto escalation of 401(k) contributions.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 3/13/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The increasing number of financial tools available today has created new opportunities for consumers, but also for those looking to defraud those consumers. Donna and Nathan discuss red flags to look out for when using technology to manage your finances. Also on MoneyTalk, smart ways to invest in your home.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 3/7/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When we think of the innovations that contributed to the rise of the industrial age, the steam locomotive is arguably the most impactful of them all. Without the railroad system, the westward expansion of the US and the exponential economic growth of the late 19th and 20th centuries could not have occurred. In this edition of our MoneyTalk Moment in Financial History, Nathan tells the infamous story of one of the first major US railroads, the Eerie, and the war that ensued between Cornelius Vanderbilt, Daniel Drew, James Fisk and Jay Gould.
Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 3/6/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!
See omnystudio.com/listener for privacy information.
When moving out of your employer sponsored plan, you are typically required to sell your holdings prior to rollover, leaving you subject to the conditions of the market at the time you retire. Donna takes a question from a listener approaching retirement who wants to know if it makes sense to sell early while prices are high rather than leaving him tied to the asset values on his rollover date. Also on MoneyTalk, market linked CDs, and retirement blind spots.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 3/4/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Let’s be honest, unless you’re a financial advisor, books on retirement are not the first choice for those looking for a page turner, so when we find one that we find to be highly readable and universally relevant we feel obliged to share. Donna and Nathan discuss the changing face of retirement today, as presented by Ben Carlson’s in his book, “Everything You Need to Know About Retirement”.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 3/1/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Dividend paying securities have traditionally been a haven for those looking to generate income without sacrificing growth, but their performance over the past decade has seen a shift that is prompting some to reexamine their value. Donna and Nathan explain how the dominance of tech and the trend in stock buybacks over issuing dividends have reduced the number of high-performing dividend payers in the market. Also on MoneyTalk, words of wisdom from one of the greatest investment minds of our time.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 2/27/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Information security is a hot button issue today, and the primary reason is that it is directly tied to your financial security. Donna gives some examples of high profile individuals who have fallen victim to financial fraud, and the avoidable mistakes that left them vulnerable. Also on MoneyTalk, current RMD rules and IRA contribution limits.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 2/26/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Burnout is all too common in corporate America today, and for those trying to decide if it’s time to jump ship to a new career it can be a scary and uncertain time. Nathan talks with Dave Lubelczyk, founder of The Dream Catapult, to discuss his journey of leaving the corporate world behind to help individuals rewrite their story and pursue a lifestyle that better reflects their true values.
Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 2/23/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
You can drive in a nail with the back of a screw driver, but a hammer works better; and this same principle rings true for financial tools. Steve and Nathan discuss some frequently misused financial tools that, under the right circumstances, can provide great value to your portfolio if applied appropriately, including: reverse mortgages, annuities, tax exempt bonds, trusts, insurance, and more.
Hosts: Nathan Beauvais CFP®, CIMA® & Steven Beauvais; Air Date: 2/20/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The Health Savings Account is what is known as a tax unicorn, combining some of the key tax benefits of both tax deductible and tax deferred accounts, so if your employer offers an HSA as part of your benefits package, you should strongly consider taking advantage of you qualify. Donna and Nathan discuss how to use the HSA to its full benefit. Also on MoneyTalk, a discussion on Ben Carlson’s “17 Thoughts About Money”.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 2/15/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When retirement is around the corner, there are a whole lot of considerations beyond your income that need to be planned for. Donna takes us through the questions soon-to-be retirees should be able to answer, including: What am I retiring to? How much will I spend? How much health coverage will I need? When will I claim social security? What will my tax liability be? Are my investments allocated appropriately? And, is my estate plan sufficient?
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 2/14/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The investment strategies used when investing for the next generation can look very different than how you handle your retirement assets. Nathan and Steve discuss considerations for those managing multigenerational assets. Also, our MoneyTalk Moment in Financial History takes us from Ponzi to Madoff to track the history of the Ponzi scheme.
Hosts: Nathan Beauvais CFP®, CIMA® & Steven Beauvais; Guest: Daniel Sowa; Air Date: 2/7/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Annuities continue to be a topic of both interest and controversy for conservative individuals looking to generate income from their assets, and although they have their drawbacks, the right type of annuity can be a great tool depending on your needs and circumstances. Donna discusses the various types of annuities, and how to determine if one is right for your situation.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 2/5/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Today, the banking industry serves as the backbone of our economy. But in the early days of the US, banks were small, decentralized institutions that couldn’t even operate across state lines; so how did we get here? In this edition of our MoneyTalk Moment in Financial History, Nathan tells the story of America’s rise to power through the lens of the US banking system.
Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 2/1/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The 529 can be a great tool for funding your child’s education, but when it comes time to use it, you need to have a good understanding of the rules to avoid steep taxes and penalties. Donna takes us through the rules governing 529 accounts, and the best ways to ensure that you are taking full advantage of the tax benefits. Also, on our MoneyTalk Moment in Financial History, Nathan covers the history of the US banking system.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 1/31/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
As humans, it is in our nature to focus on near-term goals and obligations above those that await down the road, but neglecting our long-term goals, like retirement, can lead us down a path to ultimate failure. Donna and Nathan discuss the importance of letting your values drive the process of goal prioritization, and the pitfalls of failing to do so. Also on MoneyTalk, how to account for sequence of returns risk.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 1/30/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
One important part of financial planning that is often overlooked is financial security, and with Identity theft becoming more prevalent and complex each year, diligence and continued education are paramount to keeping your assets protected. Donna covers some best practices of Identity theft prevention, and the steps to take if you suspect that you’ve fallen victim to financial fraud. Also on MoneyTalk, how long term care insurance has evolved to meet the individual needs of seniors.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 1/29/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
There is a variety of investment vehicles at your disposal, and knowing how and when to use one over another requires a good understanding of their mechanics. Nathan breaks down the common investment vehicles, how they differ, and how they can serve different needs within your portfolio. Also on MoneyTalk, understanding investment risks, and a review of Hans Rosling’s book, “Factfullness: Ten Reasons Why We’re Wrong About the World, and Why Things Are Better Than You Think”.
Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 1/26/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The Dow Jones Industrial Average, S&P500, and Nasdaq are the three primary indices where stocks are traded, and understanding their various components and weightings can give us a better understanding of how and why they move. Nathan takes us through the mechanics of the big three stock indices. Also on MoneyTalk, how to choose your approach to investing, and the history of interest rate policy in the developed world.
Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 9/8/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The reverse mortgage earned a stigma during its early years as under-regulated brokers pushed them on the public as a universal solution for lifetime retirement income, but the product does offer some real benefits to individuals under the right circumstances. Donna and Nathan discuss how the reverse mortgage works, who it may be right for, and what features applicants need to understand before considering one. Also on MoneyTalk, how mutual fund manager Ron Baron’s approach to corporate analysis has carried his fund’s performance for decades.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/7/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
A good financial advisor will ask you qualifying questions that go well beyond how much money you have to invest, and if they truly have your best interest at heart, they will be the first ones to tell you if you don’t actually need them. Donna and Nathan discuss how to know if active money management isn’t something that you need at this stage in your life. Also, on our MoneyTalk Moment in Financial History, Nathan and Daniel recount the events that took place during the Panic of 1907.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/6/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
One of the reasons memory can be so deceiving is that we tend to think in straight lines while history moves in waves, and many of the regrets we carry over our “missed opportunities” fail to account for decisions we might’ve made along the way. Donna and Nathan discuss the importance of keeping a realistic perspective on those opportunities we let slip by. Also on MoneyTalk, lessons from fabled investor Stanley Druckenmiller.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/5/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
You don’t have to be a financial expert to understand why maxing out your company’s 401K match is a good idea, but where you choose to invest your money beyond that can be a trickier question to answer. Donna and Nathan discuss how to best contribute to your retirement savings once you’ve maxed out your company match. Also on MoneyTalk, how Ray Dalio built one of the most successful hedge funds in history.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/31/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Annuities have developed a reputation over the years for being oversold due to their high fees and commissions, but one particular type of annuity, the fixed annuity, hasn’t had this problem, and due to the high rate environment we find ourselves in, they are having a moment. Steve and Nathan offer some strategies for individuals looking for guaranteed income with fixed immediate annuities. Also, on our MoneyTalk Moment in Financial History, the hosts take us back to the early days of the NYSE when fixed commissions stifled competition and forced high prices on investors.
Hosts: Steven Beauvais & Nathan Beauvais CFP®, CIMA®; Air Date: 8/30/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Money decisions have a way of haunting us, particularly because many of life's curve balls have a direct impact on our finances. Donna and Nathan discuss financial planning issues that tend to keep people up at night, including outliving your money, potential long-term care needs, financial clutter, when to take social security, and more.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/29/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Without congressional reform, the Social Security trust fund which finances its payments is scheduled to be depleted by 2033, and maybe sooner due to our aging population. Donna discusses how this could impact the next generation of retirees and what the government can do to avoid a new retirement income crisis.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 8/28/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The amount of time you have from now until the day you retire is arguably the most important factor in determining your investment strategy, and with a short time horizon your allocation recommendations may vary broadly due to the unique market conditions we find ourselves in. Donna and Nathan discuss how to approach your investment strategy if you are closing in on your retirement date. Also on MoneyTalk, how the Roth 5 year rule applies to your situation.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/24/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Bonds historically have been a good hedge against stock market risk, but during periods of rising inflation, fixed income tends to get punished, leaving investors searching for alternatives. Nathan discusses using precious metals as part of a hedging strategy in your portfolio. Also, on our MoneyTalk Moment in Financial History, Nathan and Daniel take us back to the time of FDR, with insight into his unprecedented package of sweeping reforms: The New Deal.
Host: Nathan Beauvais CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 8/23/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When receiving an inheritance it can be life changing, but it can also be a major responsibility that you may not be prepared for. Donna and Nathan discuss the decisions that go into the placement and distribution of inheritance money. Also on MoneyTalk, the power of collaborative family budgeting,
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/22/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
For small business owners, administering a SEP or SIMPLE IRA can be as important to your future retirement viability as it is to your ability to attract quality talent. Donna talks about the factors you should consider when deciding to use a SEP or SIMPLE IRA. Also on MoneyTalk, Medicare enrollment strategies and common mistakes to avoid.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 8/21/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Real estate is the only asset class that has historically produced returns comparable to equities, and one way to gain passive exposure is through REITS. Steve and Nathan discuss the pros and cons of generating income with real estate investment trusts. Also, our MoneyTalk Moment in Financial History tells the story of how the Great Depression came to pass, and some of the lessons we’ve learned from it.
Hosts: Steven Beauvais & Nathan Beauvais CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 8/16/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
There are far too many things we should be thinking about when nearing retirement, and how you approach that challenge is where the final act of your story is written. Donna and Nathan discuss the different questions you should ask yourself in that last 5 to 10 years leading up to retirement.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/14/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
I For most of us, our mortgage is the greatest liability we will ever have, and if you are near retirement and still carrying a mortgage, the decision to pay-off or not to pay-off may be a legitimate toss up. Donna discusses the decision making factors for those choosing whether to pay off their mortgage or put their money to work in the market. Also on MoneyTalk, our hosts go over the top 10 reasons to save more for retirement.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/11/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
We take it for granted that Social Security will be there for us when we retire, but what you may not know it the US was the last of the developed nations to adopt a Social Security program, and even then it took some major concessions to get it passed. Nathan covers the history of social security, from the early social safety nets created by the guilds and fraternal orders of the 16th century, to the adoption of military and old age pensions, through to the government response to the Great Depression: the Social Security Act.
Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 8/9/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When planning to retire early, the sources of income you choose to draw from will have a direct impact on your ability to qualify for income dependent programs like private health insurance and Medicare. Donna and Nathan discuss strategies early retirees can use to minimize their taxable income in those years leading up to full retirement age. Also on MoneyTalk, after a year fraught with headwinds that had little influence on the resilient markets, are we approaching cyclical pullback territory?
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/8/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When you first venture out beyond the investment limits of your 401K, it can be hard to know how much risk you are taking on. Donna discusses how various types of securities compare in terms of risk and strategic use, including: municipal bonds, commodities, leveraged ETFs, penny stocks and cryptocurrencies. Also on MoneyTalk, Donna takes a question on the benefits of placing your home in a living trust.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 8/7/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Income seeking investors often make the mistake of focusing too much on dividend yield, without accounting for the underlying causes for that high yield. Nathan and Donna talk about the inverse relationship between dividend yield and total return on investment, the unique features of preferred stocks, and why using alternative investments for portfolio diversification can increase your risk exposure.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/3/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
We spend a lot of time focusing on the quantitative side of retirement planning, reducing debt, saving money, and planning for your income needs, but too often people enter into retirement without adequately planning for the lifestyle changes that come with it. Donna discusses the importance of taking the time to flesh out a realistic vision for your post-career life and eliminate those retirement blind spots. Also on MoneyTalk, how to pass on financial wisdom to the next generation, and where to put your non-retirement money.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 7/31/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
There are 3 basic asset allocation strategies that investors use according to their risk tolerance and investment objectives, and understanding their differences can help us to regulate our behavior and keep us on track. Nathan discusses the differences between strategic, tactical and dynamic asset allocation strategies, and who they are most appropriate for. Also on MoneyTalk, Nathan tackles the exestential question, "what is money?", and takes us through some recent changes to 401K rules.
Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 7/28/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
With an aging population, increased life expectancy, and uncertainty about the future of social security, its safe to say that tomorrow’s retirees will have a very different set of challenges to negotiate than those of their parents. Donna and Nathan discuss how we can account for some of these changes in our retirement plan, and explain why tactical investing is typically not appropriate for your retirement accounts.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 7/27/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
If you ask when the right time is to claim your social security benefits, you may hear "wait until 70 to maximize your benefit", or "don't wait, because it has no estate value and who knows what tomorrow will bring". Steve and Nathan explain why both of these social security claiming strategies are valid, but neither accounts for the whole picture. Also, our MoneyTalk Moment in Financial History covers Charles Schwab and the advent of retail investing.
Hosts: Steven Beauvais & Nathan Beauvais CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 7/26/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Now that we are officially back in a bull market, we are able to look back on the bear market of 2022 with a historical lens to get a better sense of where this period lands on the pain scale. Donna and Nathan draw comparisons between non-recessionary bear markets like 2022, and those leading up to periods of recession like 1929, 2000, and 2008, and how the Fed response has evolved over time.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 7/25/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
On the MoneyTalk show we are blessed with an active and motivated listener base, and with so many great questions rolling in this month, we wanted to dedicate a whole show to tackling the issues that matter to you. Donna takes some MoneyTalk listener questions on recent changes to the rules for RMDs and stepped-up basis, why the order of distribution from your retirement accounts matters, questions you should be asking before taking your pension, and more.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 7/24/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When we think of the rich and famous we often assume that they have a team of experts working for them to handle their important money decisions, but the many iconic figures from history who failed to properly plan for the future of their massive estates provide us with extreme examples of the importance of proactive estate planning. Donna and Nathan talk about some of the specific focus areas that should be addressed when planning for your estate, and visit the topics of strategic investing, tactical investing and market timing.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 7/20/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
As the financial system grows in complexity, new opportunities for fraud continue to emerge, and if you’ve ever fallen victim to financial fraud in the past you understand that it can happen to anyone. Nathan references Ben Carlson’s book, “Don’t Fall For It: A Short History of Financial Scams”, to touch on some of the more famous examples of financial fraud. Also, our MoneyTalk Moment in Financial History covers the history of the American banking system before the Fed.
Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 7/19/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
In March the IRS issued a revenue ruling reducing the reach of a tax loophole on inherited money called stepped-up basis, which, although is regarded by some as a benefit for the elite, could have a broad impact on the transfer of wealth in America. Steve and Donna discuss the various ways this ruling will touch taxpayers and why it should matter to more than just the rich.
Hosts: Donna Sowa Allard, CFP®, AIF® & Steven Beauvais; Air Date: 7/11/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The transfer of wealth from the Greatest Generation to the Baby Boomers looked very different than that of today, so the estate planning considerations for soon-to-be retirees can seem a bit like uncharted territory. Donna discusses generational wealth transfer decision making, how to know if you should “in-retire”, and some financial rules of thumb you need to know.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 7/10/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Montecarlo simulations are used to simulate portfolio performance over time, but because real life is nuanced, the results tend to vary in accuracy. Donna and Nathan discuss the importance of building flexibility into your financial plan to account for your unique circumstances and unforeseen events, and talk about the debate over changes in tipping culture.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 7/6/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
MoneyTalk is here to keep you in the know, and on this episode Nathan covers some recent market news, including public expectations for the Fed’s July meeting, President Biden’s student loan forbearance measures, and developments in the new and used auto markets. Also, on our MoneyTalk Moment in Financial History Nathan and Daniel do a retrospective on the man that made the corporate monopoly a target for US government intervention, John D Rockefeller.
Host: Nathan Beauvais EA, CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 7/5/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
As asset managers, we are challenged with achieving diversification in a market where the traditional safe haven of bonds no longer provides adequate return for moderate investors. Nathan takes us through the wide world of alternative investments, explaining how the various types can play into your portfolio diversification strategy.
Host: Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/30/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
It is your right as an American to pay as little in taxes as legally possible, but still most taxpayers overpay the government each year due to lack of knowledge or general complacency. Steve and Nathan discuss various ways to minimize your tax burden and keep more of the money you work so hard for. Also, our MoneyTalk Moment in Financial History tells the story of JP Morgan’s rise to prominence and how he helped facilitate the rapid growth of American industry.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 6/28/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
There have been certain rules of thumb in retirement income planning that have held steady for many years, such as the 60/40 portfolio, 4% withdrawal rate, etc., but the needs of individuals can vary broadly, and the heuristics we follow aren’t always the right fit. Donna and Nathan discuss how to determine if the typical retirement guideposts apply to your situation, how sequence of returns risk factors in to your diversification strategy, and much more.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/27/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Experience is a major differentiator for advisors due to the many areas of expertise that require their focus when guiding clients through the financial planning process. Donna addresses a range of personal finance topics that advisors are often asked about, including: the differences between estate and inheritance taxes, how to plan for healthcare costs in retirement, and how to prioritize your savings goals.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 6/26/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
With all of the hype Roth IRAs get nowadays, you may be wondering if you should be contributing to one rather than you traditional tax deferred option. Donna and Nathan go over some scenarios where contributing to a Roth may not be in your best interest, and explain how to create a risk ladder within your portfolio.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/22/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When seeking diversification, you typically look to combine asset classes with a low level of correlation, but in recent years the correlation between stocks and bonds has been increasing, forcing conservative investors to consider alternatives. Nathan discusses how commodities have been used more and more to achieve portfolio diversification, and their unique features and risks that you should be aware of before considering them for yours. Also, on our MoneyTalk Moment in Financial History we revisit the US gold standard, and explain why it was ultimately abandoned.
(Please note, discussion of crypto currency from this episode is not to be taken as a recommendation for or against crypto currency. All content is intended for educational purposes only.) Host: Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/21/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
JP Morgan Chase recently announced that they will be releasing an AI powered portfolio management tool which they are selling as a disruptor for the investment advisory industry, but this isn’t the first time technology has threatened the role of the asset manager, and some argue that the resulting expansion in investment options has made professional management even more important. Donna and Nathan explain the ways investment advisors use technology to compliment their service models, and the added value they provide to help them compete in an increasingly digital world.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/20/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omny.fm/listener for privacy information.
The small business tax landscape is precarious at best, which is why the corporate tax planner tends to be one of the key support relationships for small business owners. Nathan brings on CPA and tax attorney, Steve Moskowitz, to discuss some of the ways small businesses can save on their taxes, including: using pension contributions to increase your deductions, setting up your business entity to limit liability, taking advantage of the Employee Retention Credit, and much more.
Host: Nathan Beauvais, EA, CFP®, CIMA®; Guest: Steven Moskowitz, CPA; Air Date: 6/16/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omny.fm/listener for privacy information.
IRAs, like most products subject to government rules, can garner confusion among individuals as they are presented with uncommon circumstances. Donna and Nathan discuss some of the more tricky questions that we receive about IRAs, including: whether you can put an IRA into a trust, what happens if you and your beneficiaries pass away together, can you borrow from your IRA, is a back door Roth IRA conversion always a good idea, and more. Also, the MoneyTalk hosts reflect on lessons from famous investors as presented in Michael Batnick’s book, “The Best Investors and Their Worst Investments”.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/15/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omny.fm/listener for privacy information.
When changing jobs, salary is always a big deciding factor, but the retirement benefits companies offer can vary greatly and carry significant long term consequences. Nathan discusses how to factor company retirement benefits options into your decision making process as you search for a new job. Also, our MoneyTalk Moment in Financial History takes us back to the 1950s when Bank of America rolled out the first multipurpose credit card, forever changing the consumption habits of the middle class.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 6/14/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omny.fm/listener for privacy information.
Historically, the rate of increase in higher education cost far outpaces inflation, so for many new parents and grandparents, affording college means starting the savings process on day one. Donna and Nathan discuss the various education savings options and qualified expenses, and offer evidence as to why recent opinions comparing the social security program to a Ponzie scheme are unfounded.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/13/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
With life expectancy continuing to rise, your retirement years could potentially be as long as your working years, so the mistakes we make in our retirement planning can carry long term consequences. Nathan covers the 10 most common retirement mistakes, including: inadequate income planning, favoring accumulation over distribution, failing to fully account for inflation, incorrectly titling your assets, mistaking diversification for asset allocation and more.
Host: Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/12/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When shopping for a financial professional, many people assign great value to the number of post-nominals following the name, but one thing you should know is that not all designations are created equal. Nathan discusses some of the common designations held by financial advisors and how they compare, and offers some takeaways from David Rubenstein’s book, “How to Invest, Masters on the Craft”, such as the roles of luck, instinct, and expectations when it comes to investing.
Host: Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/9/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Exchange Traded Funds are widely popular due to their low cost and tax efficient nature, but many people don’t entirely understand how they work. Donna and Nathan discuss some of the common myths about ETFs, provide clarity on the fees and tax treatment of rollovers, and talk about the considerations retirees make when they wish to take on more risk than normal.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/8/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Retail trading has been on the rise due to ease of access through technology, the influx of brokerage trading during the pandemic, and the influence of the social Investing movement. Steve and Nathan discuss how the increased participation of retail investors has shaped the markets. Also, our MoneyTalk Moment in Financial History continues the discussion on retail investing with the story of how Charlie Merrill shook up Wall Street by opening the door to the middle class.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 6/7/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
This week, the SEC sued crypto giants Binance and Coinbase for operating unregistered securities exchanges, a shot across the bow for the nascent industry with major implications for its future. Donna and Nathan discuss the factors that have led regulators to this aggressive posture on crypto currencies, and what it could mean for the industry going forward. Also, the MoneyTalk hosts dig into the world of employee stock options and the complex rules that govern them.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/6/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation! See omnystudio.com/listener for privacy information.
There are a variety of ways to generate income in retirement, and one challenge retirees face is determining which income sources are appropriate for them. Donna takes listener questions on the pros and cons of using different types of annuities, income planning strategies as you transition from work life, and how to know if you should prioritize paying off your mortgage in retirement.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 6/5/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Even with all of the attention financial literacy has garnered in recent years, graduates continue to enter the job market vastly underprepared for the financial challenges that await them. Nathan speaks with Yanely Espinal, author and director of educational outreach at NextGen Personal Finance, about the financial literacy crisis in our nation, and efforts her organization is taking to empower educators to promote financial awareness in our schools.
Host: Nathan Beauvais, EA, CFP®, CIMA®; Guest: Yanely Espinal; Air Date: 6/2/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Income investing has had a tough run since the Fed began raising rates in recent years. Nathan discusses the broader universe of bonds, the risks that come into play when investing for income, and how the various types of bonds can be used to help you meet your specific investing goals. Also, on our MoneyTalk Moment in Financial History Nathan explains how tariffs and taxes have been used to support our nation’s growth since the early years of our independence.
Host: Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 5/31/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
With the NASDAQ up 24% while the Dow Jones Industrial Average stands negative on the year, we are seeing one of the highest spreads between the two indices in over a decade. Donna and Nathan discuss the market forces driving the disparity between the NASDAQ and the DJIA, and take listener questions on the benefits of opening a Roth IRA for your teen, and when to use an attorney to assist in the unwinding of an estate.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 5/30/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
As parents we strive, often in vain, to pass on the lessons we’ve learned through our experiences to the next generation, particularly when it comes to our finances. Donna and Nathan explain how opening a Roth IRA in your child’s name can allow you to foster a variety of good money habits during those formative years, and discuss excerpts from Morgan Housel’s book, “The Psychology of Money”, on our tendency to lean towards pessimism when framing our world view.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 5/25/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When managing your own investments, it can be tricky to know what to focus on and what to filter out. Nathan discusses some of the more challenging aspects of DIY investing, such as having realistic growth expectations, knowing when to hold or sell, paying attention to the right market and economic data, and more. Also, on our MoneyTalk Moment in Financial History, Nathan and Daniel discuss the how the steam engine and the nation’s first monopoly set the stage for the industrial age.
Host: Nathan Beauvais EA, CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 5/24/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
We tend to refer to the period from age 50 to 65 as the home stretch, where the decisions that you make in preparation for retirement can make or break your ability to meet your long term goals. Donna and Nathan discuss considerations around retirement savings, family needs, and taking stock of your assets and liabilities in the run up to retirement.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 5/23/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
With the fixed income market under pressure from rising rates, some moderate investors are seeking alternatives to bonds for diversification in their 60/40 portfolio. Donna discusses the various types of alternative investments, cautioning investors to be aware of the unique risks they can carry, and offers options for those looking to boost their retirement savings beyond their employer sponsored plan.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 5/22/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The process of selecting a trustee can often lead to conflict when family dynamics come into play, which is why more and more people choose to use a corporate trustee to act as an impartial third party to marshal their assets. Steve and Nathan brings on Bob Peixoto, Senior Wealth Manager at Bluestone Bank, to talk about the benefits of using a corporate trustee to assist in the management of your estate plan.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®, CIMA®; Guest: Bob Peixoto; Air Date: 5/19/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Options trading involves complex and risky strategies that are not appropriate for the average investor, which is why employee stock options that are available to individuals regardless of their investment knowledge tend to generate confusion among those who own them. Nathan explains the mechanics and tax treatment of employee stock options. Also, our MoneyTalk Moment in Financial History covers the history of the United States banking system.
Host: Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 5/17/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!
Options are not suitable for all investors. Typically, commissions are charged for options transactions.
Transaction costs may be significant in multi-leg option strategies, including collars, as they involve
multiple commission charges. Please contact your financial advisor for a copy of the Options Disclosure
Document (ODD).”
An option is the right to buy or sell a specified amount or value of a particular underlying investment at a fixed exercise (or strike) price by exercising the option before its specific expiration date. An option that gives the right to buy is a call option, and an option that gives a right to sell is a put option.
Sowa Financial Group does not provide legal or tax advice. You should consult a legal or tax professional regarding your individual situation.
See omnystudio.com/listener for privacy information.
The IRS audit ranks high on the fear scale for many tax payers, but most people don’t really understand how the process works or how to prepare. Donna and Nathan discuss what you can expect if you get flagged for an IRS examination, and the unique rules and features of 457 deferred compensation plans and the mega-back door Roth conversion.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 5/16/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
529 education savings accounts have become the most common type of non-retirement savings account used today, and for good reason. Donna discusses the various tax benefits of the 529, answers whether you can and should have a mortgage in retirement, and takes us through some critical life events outside retirement that prompt people to focus on financial planning.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 5/15/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
When a loved one passed away it can be the worst time to have to think about money and taxes, but the last thing you want when dealing with emotional trauma is to be faced with unexpected financial burden. Donna and Nathan take a listener question on whether life insurance proceeds are taxable, and share some investment philosophies that have guided investors throughout history.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 5/11/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Behavioral finance has become a focal point for educational finance and professional certification programs, and one key reason is how it informs us about the flaws in our decision making around money. Steve and Nathan describe the built in biases that tend to lead investors astray. Also, our MoneyTalk Moment in Financial History covers the history of asset bubbles through the stories of Tulip Mania and the Japanese Asset Price Bubble.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 5/10/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Roth IRAs are a fantastic product for a great percentage of retirement savers, but as with most great products, they are not right for everyone. Donna and Nathan discuss some reasons NOT to convert to a Roth IRA, including the upfront tax burden, interference with charitable giving strategies, impact on Medicare premiums or qualified business income, and more.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 5/9/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
If Congress fails to raise the debt ceiling by June 1st, the government will be unable to the meet the country’s financial obligations, and once again a political tug of war has ensued. Donna explains how the debt ceiling works and why we keep finding ourselves at the brink of default. Also, Donna takes listener questions on Fed interest rate manipulation, and some of the more confusing aspects of the social security program.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 5/8/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Investors love a good bubble, that is until they realize that they are in one, and that the rocket ride they had enjoyed may have been fueled by nothing more than blind optimism. Donna and Nathan revisit Morgan Housel’s book “The Psychology of Money” to discuss how human behavior plays into the creation of market bubbles, and take some listener questions on CDs and bonds.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 5/4/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The Fed met on Wednesday agreeing once again to raise rates, extending the most rapid period of interest rate hikes in modern history. Nathan explains how the Fed’s actions have impacted the bond market and whether it has had the desired effect on inflation. Also, on our MoneyTalk Moment in Financial History, Nathan discusses the history of the Federal Reserve and interest rates in the US.
Host: Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 5/3/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Understanding your tolerance for risk is arguably the most important component of your investment profile, but what do you do when you and your partner hold contrasting feelings about risk? Donna and Nathan discuss retirement planning challenges for partners with incompatible risk tolerances, 5 surprising actuarial facts about social security, and how to deal with inflation in retirement.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 5/2/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
If you have ever named a beneficiary on an account, you have already engaged in base level estate planning, but to adequately secure your estate an intentional and comprehensive approach is necessary. Donna takes us through the planning considerations estate attorneys address, including: your personal values, tax efficiency, protection of family assets, charitable giving, providing for the specific needs of your loved ones, and much more.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 5/1/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Life insurance is most commonly used to protect your spouse and dependents in the event that you no longer can, but over the decades the industry has creatively evolved to allow you to design a custom risk management program that accounts for your specific needs. Nathan discusses the various personal factors you should be considering when shopping for life insurance, talks about some of the contradictory ways we tend to think about risk in our lives, and offers his takeaways from Robert Hagstrom’s book, “Investing: The Last Liberal Art”.
Host: Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 4/28/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Anyone familiar with Newtons 3rd Law understands that reward almost always comes with an equal measure of risk, and the ultimate reward of retirement is no different. Donna and Nathan discuss the risks that one must consider during the course of their retirement planning, including: longevity risk, tax rate risk, health risk, stock market risk, and more.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 4/27/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
If CDs are considered among the most vanilla financial products, this high interest rate environment has been the cherry on top, and conservative investors have been eating it up. Steve and Nathan discuss the surge in risk free products and how long we should expect it to last. Also, on our MoneyTalk Moment in Financial History, Nathan and Daniel tell the story of Alexander Hamilton and The Whiskey Rebellion.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 4/26/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
There’s no one-size-fits-all method to managing your finances, but early on it’s important to draw from the experiences of others to help you shape your own approach to handling your money. Donna and Nathan share some wisdom from Cary Siegel’s book, “Why Didn’t They Teach Me This in School? 99 Personal Money Management Principles to Live By”, including: marry someone with a similar financial mindset, take more from your first few jobs than you give, get rich slowly, set realistic short term goals, save half of any salary increase you receive, and much more.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 4/25/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The MoneyTalk show has has always been driven by the contributions of our loyal listeners. Donna continues the tradition with some important listener questions, including: should I take my first RMD the year I turn 73 or the following year, how do I address longevity in my retirement planning, and what are the current IRA contribution limits and deadlines?
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 4/23/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The real estate market is punishing buyers with high prices, rising interest rates, and low inventories, and for those looking to compete it is more important than ever to know how to take advantage of your resources. Nathan brings on Mike Kidwell, mortgage originator at Leader Bank, and Dave Schneider, real estate agent at HomeSmart, to discuss the challenges buyers are facing and how to approach the process to position yourself for the best possible outcome.
Host: Nathan Beauvais, EA, CFP®, CIMA®; Guests: Mike Kidwell & David Schneider; Air Date: 4/21/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The average credit score has seen marked improvement since the height of the pandemic, but high interest debt continues to be a major problem in America. Donna and Nathan discuss credit score management through responsible debt practices, and how to stay on track with your investment strategy when the markets seem to be working against you.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 4/20/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
With tax time officially behind us, we’ve taken an inventory of the top tax questions we receive from listeners, and some of the most frequently asked questions have to do with tax deductions vs tax credits. Nathan and Steve discuss the important differences between deductions and credits, offering common examples of each. Also on MoneyTalk, Nathan encourages current and aspiring financial professionals to attend The Future of Finance event being held this Saturday, April 22nd, from 10:00AM to 6:30 PM at the Waterfire Arts Center in Providence. Register today at https://www.eventbrite.com/e/future-of-finance-conference-tickets-563587444217.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 4/19/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
People often don’t make an effort to understand issues around finance until they are directly affected by them. Donna and Nathan explain some often misunderstood finance topics, including the influence of the Fed, how your credit score works, responsible budgeting practices, what is the right age to retire, and much more.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 4/18/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
We are living in a time of volatility, inflation, and rising interest rates, and these are just a few of the risks that investors have to navigate every day. Donna discusses how to balance the many risks we have to consider against your goals when crafting your retirement plan, best practices for last minute tax filers, and strategies for paying down high interest credit card in a rising rate environment.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 4/17/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
DIY investing is not for the faint of heart, but if you are intent on trying your hand in the world of money management, there are some important concepts that you’ll need to grasp to help guide your decision making. Nathan takes us through 4 need-to-know principles of investing for those attempting to brave the markets on their own, including: dollar cost averaging, risk and return, asset allocation, and diversification.
Host: Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 4/14/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
One of the first lessons you learn in Investing 101 is the value of diversification, but this concept is far from simple, and depending on your investor profile, the way you diversify can vary greatly. Steve and Nathan discuss the different diversification strategies of investors at various stages in life. Also, our MoneyTalk Moment in Financial History takes a global view of the history of the oil industry.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 4/12/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Donna and Nathan discuss how to determine what you should be paying for financial advice, what is driving people to drain their retirement accounts to support their adult children, and what jobs are most threatened by the emergence of AI platforms like Chat GPT.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 4/11//2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
For 32 years it has been the mission of MoneyTalk to promote financial education, and nowhere is this more important than in the development of our youth community. Nathan brings on Lee Lewis, President of Junior Achievement of Rhode Island, to discuss their efforts and how they are taking a proactive role in providing the next generation with opportunities for real world knowledge and experience.
Host: Nathan Beauvais, EA, CFP®, CIMA®; Guest: Lee Lewis; Air Date: 4/7/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Unless Congress acts, Social Security is on track to be underfunded by 2035, and a major reason they haven’t is the restrictions built into the program to get it passed under The New Deal. Donna and Nathan discuss the unique challenges of Social Security reform, and some common (and not so common) examples of passive income.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 4/6/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The tax filing deadline is fast approaching, and those procrastinators out there may be scrambling to get their returns finalized. Steve and Nathan discuss the process of filing a tax extension, cover some of the rules on tax deductions, and describe the different 1099s you may have received. Also, on our MoneyTalk Moment in Financial History, Nathan and Daniel talk about the monumental impact of The New Deal enacted under FDR.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 4/5/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
We talk often about the importance of understanding how our psychology can lead us to inconsistent feelings and behaviors when it comes to money. Donna and Nathan discuss contradictions in consumer perceptions of fairness in business practices, and address some listener questions on how derivatives work, and the process of vetting a new financial advisor.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 4/4/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Life insurance is most important to have for middle aged adults, but there are specialized types of life insurance that are designed for people both young and old that can make a meaningful impact during challenging times. Donna explains how life insurance for children and for long term care have grown in popularity, and discusses the universal importance of social security to public welfare.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 4/3/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
On MoneyTalk we strive to bring you a diversity of topics and opinions on the world of money and finance. On todays show, Nathan talks with Nick Maggiulli, COO and Data Scientist at Ritholtz Wealth Management and author of the book, “Just Keep Buying”, to discuss various topics of interest, including: how to spend money guilt free, using debt to your advantage, the benefits of buying in a down market, and how concentration risk led to the crash of Silicon Valley Bank.
Host: Nathan Beauvais, EA, CFP®, CIMA®; Guest: Nick Maggiulli, COO Air Date: 3/31/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Retirement planning requires you to make a lot of assumptions, like how much money you’ll need to live on, and how much return on your investments you’ll require to reach your goals, but what happens when the market takes a hit in your final working years? Donna and Nathan discuss how advisors account for deviations in your plan assumptions to mitigate market risk as you approach retirement, and explain how to filter out bad financial advice on social media.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 3/30/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The Great Depression is one of the most well known periods in American history, but nearly 100 years later, the cause of the depression is still hotly contested. On this edition of our MoneyTalk Moment in Financial History, Nathan and Daniel discuss the circumstances leading up to The Great Depression, and the economic fallout that changed the country forever.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 3/29/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
People often think of financial advisors for their retirement expertise, but there are many other pivotal financial decisions that we face throughout life where professional guidance can make a world of difference. Donna and Nathan talk about some of the important non-retirement needs where advisors can provide the most value, and discuss the pitfalls of “sunk cost bias” on investors.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 3/28/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
It may come as a surprise to hear that everyone has an estate plan, and if you haven’t set one up formally, the future of your estate is dictated by the laws of the state in which you live. Steve and Nathan bring on estate planning expert and long time friend of MoneyTalk, Paul Brule, from Brule, Nault & Hainley, P.C., to share some of the more misunderstood and consequential facts that you need to know about estate planning, and how to ensure that your intentions are met.
Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®, CIMA®; Guest: Paul Brule; Air Date: 3/24/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
A growing number of couples are choosing to file married filing separately on their taxes for a variety of reasons. Donna and Nathan discuss the factors driving this trend, as well as the reasons why it may not be right for everyone. Also, our MoneyTalk Moment in Financial History covers the speculative boom that led to the birth of the oil industry in America.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 3/22/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
Donna and Nathan continue to address listener questions, including: the relative size of the recent bank failures, the debate over ESG investing, and considerations around roth vs traditional retirement account savings strategies.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 3/21/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
We love hearing from our listeners, and the recent news has led to an influx of questions about how these events could affect their finances. Donna answers some of your pressing questions, including: what makes AT-1 bonds unique and why the Credit Suisse bonds were written down, how FDIC insurance works on trust accounts, and what we can expect the Federal Reserve to do with interest rates at their upcoming meeting.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 3/20/2023Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The IRS has warned about a tax scam encouraging filers to use inflated figures to boost their return, serving as a grim reminder that tax fraud continues to be a real problem in our country. Donna and Nathan take us through some of the most notorious tax evaders of the recent past, and report on the latest institutions to be swept up in the wave of bank failures.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 3/13/2023Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
We’ve been talking a lot about the current bank crisis and what makes it so unique, and to provide some context we thought it would be useful to revisit some of our history’s more memorable bank runs on both a national and local level. On this MoneyTalk Moment in Financial History, Steve and Nathan take us through the Panic of 1907 and the Savings and Loan Crisis of the early 90’s.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 10/26/2022Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.
The recent bank failures have prompted swift action by the Fed and the Treasury to minimize the impact on depositors and the broader banking system. Nathan explains how this event differs from the bank crisis of 2008, and how the spike in bond yields may present an opportunity for conservative investors.
Host: Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 3/14/2023See omnystudio.com/listener for privacy information.
After the failure of the nation’s 15th largest bank, Silicon Valley Bank, new fears about the solvency of the American banking system have begun to surface. Donna and Nathan discuss how this event could effect tech startups, the Fed’s plans for interest rates, and the potential for contagion in the broader markets.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 3/13/2023See omnystudio.com/listener for privacy information.
Donna and Nathan take us through some of the rules around 60 day rollovers that can catch people off guard, and some bond alternatives that can provide dependable income in a weak bond market.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 3/9/2023See omnystudio.com/listener for privacy information.
Steve and Nathan cover some topics for tax filers, including the downside of receiving a big tax refund, who should and shouldn’t prepare their own taxes, and W-2 vs 1099 employees. Also, our MoneyTalk Moment in Financial History tells the cautionary tale of a small town southern grocer who took on the Wall Street elites to his own peril: the story of Clarence Saunders and Piggly Wiggly.
Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 3/8/2023See omnystudio.com/listener for privacy information.
More and more people are thinking about retirement as a gradual transition process rather than the traditional end of the road to their career. Donna and Nathan discuss the factors driving the semi-retirement trend, as well as some telling statistics on retirement account activity, and considerations for homebuyers in the current real estate market.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 3/7/2023See omnystudio.com/listener for privacy information.
We spend significant time and energy planning planning for retirement, but often we are faced with unplanned circumstances that force us to make important financial decisions with limited time to prepare. Donna discusses the important factors to be considered when inheriting money, and other frequently asked questions related to savings vehicles for your children, and Roth conversations.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 3/6/2023See omnystudio.com/listener for privacy information.
Have you been wondering why inflation protected bonds have been performing so poorly in one of the worst inflationary environments in modern times? Well Donna and Nathan have your answer, and also tell the story of some of Warren Buffett’s worst investment calls.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 3/2/2023See omnystudio.com/listener for privacy information.
Donna addresses some of the limitations on contributing to multiple types of retirement accounts, common social security claiming mistakes, and the features of annuities that make them so unique.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 2/28/2023See omnystudio.com/listener for privacy information.
During tax season we tend to get great questions on unique tax situations that can create confusion for investors. Donna and Nathan take some listener questions on the tax treatment of non-qualified annuities and irrevocable trusts, and share lessons learned by some well known investors’ worst investment mistakes.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 2/23/2023See omnystudio.com/listener for privacy information.
With the consensus around an impending recession beginning to wane, the prospect of a soft landing for the economy is starting to seem more and more realistic. Donna and Nathan address listener questions on what the potential outcomes for the current economic cycle might look like, and how to adjust your retirement plan for inflation. Also, the hosts offer 5 focus areas to help you determine if you can retire.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 2/21/2023See omnystudio.com/listener for privacy information.
Conflicts around money have long been cited as a leading cause of divorce, and in a recent survey, 64% of respondents admitted to being financially incompatible with their partners, with different philosophies around spending, saving and investing. Donna and Nathan offer tips to help keep couples on the same page about their finances, and discuss takeaways from Michael Batnick’s book, “Big Mistakes: The Best Investors and Their Worst Investments”.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 2/16/2023See omnystudio.com/listener for privacy information.
Steve and Nathan address some of the questions that our advisors routinely hear from clients, including whether to collect or defer your social security benefits, the pros and cons of rolling over your 401(k), and the right time to do a Roth conversion. Also, our MoneyTalk Moment in Financial History covers the man behind the first discount brokerage firm, Charlie Merrill, and how he ushered in the era of the middle class investor.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 2/15/2023See omnystudio.com/listener for privacy information.
We’ve all witnessed the way stock prices can rise and fall with the change of the wind, but dividends work differently, and, particularly in times of volatility, many conservative investors turn to dividend payers as a source of dependable investment income. Steve and Nathan discuss how dividends work and the sectors where you can find a concentration of dividend paying companies.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 2/8/2023See omnystudio.com/listener for privacy information.
We tend to use milestones to benchmark our financial goals, and as we progress through the various phases of life those focus areas will look very different. Donna and Nathan take us through the typical financial priorities that follow each decade of our adult lives, and describe some above-the-line tax deductions that you could be missing out on.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 2/7/2023See omnystudio.com/listener for privacy information.
Rental property can be an excellent source of passive income, but as with many types on of nontraditional income, the tax treatment includes a host of special rules. Donna and Nathan take us through some of the more consequential elements of rental income taxation, and explain why it’s important for owners to seek the advice of a tax professional before filing.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 2/2/2023See omnystudio.com/listener for privacy information.
Stock options are a coveted employee benefit, but first time recipients quickly learn that they carry unique complexities and tax treatment. Donna and Nathan explain how the different types of stock options work, and discuss considerations for those inheriting and gifting money.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 1/31/2023See omnystudio.com/listener for privacy information.
One of the most common reasons people fail to get started with investing is that money is often already stretched thin during those early adult years. Donna offers some pro tips for the aspiring investor to get them over those starting hurdles, including debt management strategies to free up cash flow for investing.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 1/30/2023See omnystudio.com/listener for privacy information.
When stocks are down people often look to non-correlated asset classes like commodities as a hedge, but the commodities market is broad, and getting the right exposure is not as simple as one might hope. Donna and Nathan discuss considerations for those looking to include commodities in their diversified portfolio, and answer some common questions about social security.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 1/26/2023See omnystudio.com/listener for privacy information.
Donna and Nathan report that the lowest earners have seen the highest increase in wage growth in 2022, explain a tax loophole which allows individuals earning under a certain threshold to pay 0% on capital gains, and offer advice on steps you can take now to ensure your annual tax filing goes smoothly.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 1/24/2023See omnystudio.com/listener for privacy information.
This time of year we tend to see an increase in questions from clients and listeners, so we wanted to touch on a few that we though might interest you. Donna addresses the following: "Why was a portion of my non-deductible Roth conversion taxable?", "With regard to my annuity, should I still follow the 4% rule for withdrawals with interest rates so high?", "Should I be making contributions to a traditional or a Roth IRA?", and "Should my spouse and I combine our checking accounts into a joint account, or keep them separate?".
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 1/23/2023See omnystudio.com/listener for privacy information.
The insurance game is complicated and if you have a claim it can feel a bit like a David and Goliath scenario, but the representation of a public adjuster can be one way to even the scales. Nathan brings on senior public adjuster Andy Gurczak from All City Adjusting to explain the best way to handle the insurance claims process and the tactics insurance companies use to maximize profits.
Host: Nathan Beauvais EA, CFP®, CIMA®; Guest: Andy Gurczak, Senior Public Adjuster; Air Date: 1/20/2023See omnystudio.com/listener for privacy information.
When our loved ones pass away, they leave behind a legacy, but what happens when they leave behind debt? Donna and Nathan take us through the various types of inherited debt and how they are treated, and discuss the questions you should be asking during the interview process for a new financial advisor.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 1/19/2023See omnystudio.com/listener for privacy information.
Few things matter more when it comes to investing than understanding what game you’re playing. Donna and Nathan discuss how your time horizon informs the way you should judge an investment. Also, our MoneyTalk Moment in Financial History covers the American banking industry before the Fed, when instability forced a shift from local banking to the national institutions we’ve come to rely on today.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 1/18/2023See omnystudio.com/listener for privacy information.
People have a bias toward the negative, and one of the reasons for this is that our survival instincts tend to magnify negative experiences in our memories to protect us from future pain. Donna and Nathan discuss how pessimism can derail our better judgement when it comes to investing.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 1/12/2023See omnystudio.com/listener for privacy information.
The Senate Appropriations Bill and the Inflation Reduction Act passed last year introduced some new opportunities for tax savings and retirement account benefits, Donna and Nathan explain how to take advantage of the key changes, including energy tax credits, the increased RMD age, new Roth features, auto enrollment for 401k plans, and more. Also, the hosts discuss the drastic distinction between getting wealthy and staying wealthy as described in Morgan Housel’s acclaimed book, The Psychology of Money.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 1/11/2023 See omnystudio.com/listener for privacy information.
CDs and money markets typically don’t entered into the conversation when looking at investment options, but with the spread between the risk free rate and returns on equities at its lowest point in decades, more and more people are adding these low risk options to their portfolios. Donna addresses some listener FAQs, including: Is it a good time to buy CDs and money markets, why is a strong dollar bad for investors, and what should I consider when inheriting money?
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 1/9/2023 See omnystudio.com/listener for privacy information.
As we stand at the brink of tax season, we are joined by an expert in the field of taxation to address one of the more anxiety provoking areas in the world of money and finance. Nathan brings on CPA John Briggs to discuss tax issue, including: common IRS myths, best practices for 1099 earners, frequent misconceptions about deductions, and important tax code changes that you should know about.
Host: Nathan Beauvais EA, CFP®, CIMA®; Guest: John Briggs, CPA; Air Date: 1/6/2023 See omnystudio.com/listener for privacy information.
Often times retirement reality doesn’t meet our retirement expectations, whether your facing an unexpected need for part time work, the acceptance of your new identity outside your profession, or sudden health issues. Donna and Nathan talk through five of the more common reasons why retirement plans get derailed, and the importance of building flexibility into your plan.
Hosts: Donna Sowa Allard, CFP®, AIF®, Nathan Beauvais EA, CFP®, CIMA® & Daniel Sowa; Air Date: 1/5/2023See omnystudio.com/listener for privacy information.
The passing of the SECURE Act 2.0 by Congress represents a major win for retirement investors, with changes including mandatory auto enrollment for 401(k) plans, a reduction in RMD penalties, and enhanced Roth options, to name a few. Donna and Nathan discuss the details of these changes and who they benefit most. Also, our MoneyTalk Moment in Financial History continues the story of Standard Oil and the fall of the first great monopoly.
Hosts: Donna Sowa Allard, CFP®, AIF®, Nathan Beauvais EA, CFP®, CIMA® & Daniel Sowa; Air Date: 1/4/2023See omnystudio.com/listener for privacy information.
No one has a crystal ball (or at least one that works), and we’re no different, but to kick off the year we’re taking a look at where consensus lies for market expectations, and which analysts are deviating from the opinions of their peers. Donna reviews stock and bond market predictions from top industry experts, and covers some of the important changes effecting retirement plans this year from the recently passed SECURE Act 2.0.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 1/3/2023 See omnystudio.com/listener for privacy information.
Much of the world of investing is complex and technical, but a whole lot of it is just common sense, and investors too often find themselves overly focused on the technicals while ignoring the biases that can cloud their judgment. Donna and Nathan discuss some behavioral finance concepts that can help to explain, and hopefully prevent, our most common investing mistakes.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 12/30/2022 See omnystudio.com/listener for privacy information.
The older you get, the more critical diversification is to your portfolio suitability. Steve and Nathan discuss the various layers of diversification and how to apply them to find your ideal level of investment risk. Also, on our MoneyTalk Moment in Financial History Nathan and Daniel tell the story of the rise of the world’s first major monopoly, John D Rockefeller’s Standard Oil.
Hosts: Steven Beauvais, Nathan Beauvais EA, CFP®, CIMA® & Daniel Sowa; Air Date: 12/28/2022See omnystudio.com/listener for privacy information.
The markets appear to be ending the year with a whimper, and many are eager to put 2022 in the rear view mirror. Nathan gives his year end recap, taking us through the bumpy road we’ve traveled in consumer pricing, housing, interest rates and market volatility, and what to watch for in the new year ahead.
Host: Nathan Beauvais EA, CFP®, CIMA®; Air Date: 12/27/2022 See omnystudio.com/listener for privacy information.
Financial Planning and investment management are too often approached separately, but to develop an investment management strategy without a fleshed out financial plan is a bit like putting the cart before the horse. Donna and Nathan talk about the the ways your financial plan creates a foundation for the management of your portfolio, and offer their guide for tipping during the holidays.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 12/22/2022 See omnystudio.com/listener for privacy information.
Often when people feel behind on their retirement savings, the hardest part can be getting started. Donna offers some best practices for those playing retirement catch-up, and discusses debt consolidation options.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 12/19/2022 See omnystudio.com/listener for privacy information.
For most of us our income picture is pretty simple, it typically comes from one place and is taxed at the highest rate. But for retirees, the many potential sources of income can vary greatly, which is why having a thoughtful retirement income strategy is imperative. Donna and Nathan go through various types of retirement income, explaining their different tax treatments and how they can work in concert to your benefit.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 12/15/2022See omnystudio.com/listener for privacy information.
The Fed has become somewhat of a four letter word lately as they work to curb inflation by slowing the economy, but how did a non-government organization come to wield this level of control over the lives of Americans in the first place? On this week's MoneyTalk Moment in Financial History, Nathan explores the creation of the Federal Reserve, and its evolving role in maintaining the stability of the US economy.
Host: Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 12/14/2022 See omnystudio.com/listener for privacy information.
Social Security is the number one most frequently asked topic from our clients and listeners, and this is largely due to fluid nature of the program rules and features. Donna and Nathan address social security claiming strategies and legislation currently on the docket, and explore the debate on active vs. passive investing.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 12/13/2022See omnystudio.com/listener for privacy information.
Steve and Nathan provide an update on the markets and talk about bear market psychology. Also, on our MoneyTalk Moment in Financial History Nathan and guest Daniel Sowa tell the story of the men responsible for the birth of the oil industry.
Hosts: Steven Beauvais, Nathan Beauvais EA, CFP® & Daniel Sowa; Air Date: 12/7/2022See omnystudio.com/listener for privacy information.
Donna addresses recent frequently asked questions from MoneyTalk listeners, including: current IRA contribution limits, capital gains distributions and tax loss harvesting, and five lessons learned from the "Wall Street Nifty Fifty", fifty stocks touted as buy-and-hold opportunities in the inflation ridden era of the 1970s that proved to be poor bets.
Hosts: Donna Sowa Allard, CFP®, AIF®; Air Date: 12/6/2022 See omnystudio.com/listener for privacy information.
Donna provides an update on the state of the markets, and revisits an important conversation from October on the pitfalls of selling in the midst of a bear market. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 12/5/2022See omnystudio.com/listener for privacy information.
Donna updates listeners on the state of the markets, followed by some of the best of MoneyTalk, including upcoming changes to social security for the new year, year end retirement planning, and best practices for maximizing your credit score.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 12/2/2022See omnystudio.com/listener for privacy information.
To celebrate turkey day, Nathan rings in the holiday with his top 10 "turkeys", or biggest failures, of 2022. News flash: it was a very competitive year!
Host: Nathan Beauvais EA, CFP®; Air Date: 11/25/2022See omnystudio.com/listener for privacy information.
Financial planning seems daunting when you’re getting started, which is the main reason why so many people never get started. Donna and Nathan are here to help you overcome that barrier with a step-by-step tutorial on how to prepare for a successful financial planning engagement.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 11/22/2022See omnystudio.com/listener for privacy information.
Let’s face it, bear markets are painful, and this one is no exception, but with loss often comes opportunity and for those with taxable investment accounts the opportunities to shelter yourself from capital gains through tax loss harvesting are abundant. Donna address FAQs on managing your taxable investment income and Roth vs Traditional IRA contributions.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 11/21/2022 See omnystudio.com/listener for privacy information.
On MoneyTalk we like to address questions that repeatedly come up with clients and listeners, so to invoke a little Jerry Seinfeld, "What's the deal with life insurance and annuities?" Donna and Nathan discuss how these products work and who needs them, and examine the challenges we face when dealing with competing goals.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 11/17/2022See omnystudio.com/listener for privacy information.
The fraud perpetrated by crypto giant FTX has been described as unprecedented, but nearly a century ago we find a story with shocking parallels to this moment that you likely have never heard. Steve and Nathan tell the harrowing story of Ivar Kreuger, one of the great visionaries of the turn of the century who’s financial empire would eventually be exposed as nothing more than a house of cards.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 11/16/2022See omnystudio.com/listener for privacy information.
Retiring in a slowing economy can be scary, and this is where having a well crafted and actively executed financial plan can make all the difference. Donna gets into the questions that she’s been hearing from new retirees, including: “how do I make the most of my social security benefit?”, “should I take the lump sum option or pension payout for my company rollover?”, and more.
Hosts: Donna Sowa Allard, CFP®, AIF®; Air Date: 11/14/2022See omnystudio.com/listener for privacy information.
Even investors with general knowledge of how IRAs function can often be tripped up by the shifting rules and limits. Donna and Nathan take us back to basics to talk IRAs, and how to take advantage of the benefits while avoiding the penalties.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 11/11/2022See omnystudio.com/listener for privacy information.
For a 1970s middle class with few options for risk free return, the birth of the money market was a critical turning point. Nathan talks about how the money market circumvented outdated regulations to bring the middle class into the investor class. Also, Nathan brings back Greg Young from Ahead Full Wealth Management to discuss some simple but powerful strategies offered in Nick Maggiulli’s book “Just Keep Buying“.
Hosts: Nathan Beauvais EA, CFP® & Greg Young, EA, CFP®, MSAFP®; Air Date: 11/10/2022See omnystudio.com/listener for privacy information.
On MoneyTalk we try to do our part to contribute to the financial literacy of our listeners, but occasionally we like to step outside the world of money and finance to raise awareness for other important issues facing our community. Nathan speaks with LA Busteed and Christopher Margadonna from Mentor RI about the important work they are doing connecting Rhode Island’s youth with volunteers looking to make a positive impact on their lives.
Host: Nathan Beauvais EA, CFP®; Guest Hosts: LA Busteed & Christopher Margadonna; Air Date: 11/4/2022See omnystudio.com/listener for privacy information.
We all know staying invested through a bear market takes discipline, but a little bit of pespective can also go a long way. Steve and Nathan offer some facts and strategies that can help make the bear market a bit more bearable. Also, our MoneyTalk Moment in Financial History takes us back to the moment when revolving debt first took root in our nation and forever changed the way we spend, the story of BankAmericard.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 11/2/2022See omnystudio.com/listener for privacy information.
The final few years before retirement bring about an enhanced sense of urgency around those outstanding retirement planning questions you've yet to fully address. Donna and Nathan discuss some common questions people ask on the run-up to retirement, including: Do I have enough saved? What do I do if my portfolio has too much risk but its a bad time to sell? How much of my retirement income will be guaranteed? How much will my long term care cost? And more.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 11/1/2022See omnystudio.com/listener for privacy information.
IRAs are known best for their various tax benefits, but they also carry some steep penalties for those who are not attentive to the rules. Donna discusses some of the most costly and easily avoidable mistakes that IRA holders often make, and some year end tax planning tips to limit
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 10/31/2022 See omnystudio.com/listener for privacy information.
Retirement is risky business, and planning for those risks is critical if you have any hope of meeting your retirement goals. Donna and Nathan discuss longevity risk, inflation risk, tax rate risk and more.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 10/27/2022 See omnystudio.com/listener for privacy information.
Most of us pay the majority of our taxes as ordinary income, the highest possible tax rate, but it may surprise you to learn that couples making less than $83k annually qualify to pay 0% capital gains taxes on certain types of investment income. Steve and Nathan discuss ways to capitalize on capital gains tax rules. Also, our MoneyTalk Moment in Financial History profiles Charles Schwab and the contributions he made to retail investing.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 10/26/2022See omnystudio.com/listener for privacy information.
It is officially Medicare election season, and this time of year we like to refresh our Medicare eligible listeners on the facts that they need to know. Donna brings in Medicare specialist Nick Pacheco, founder of Independent Benefit Solutions, to discuss what is covered by Medicare Parts A, B and D, what common needs are not covered, and how to determine if a supplemental plan is right for you.
Hosts: Donna Sowa Allard, CFP®, AIF®, Nathan Beauvais EA, CFP® & Nicholas Pacheco, CLTC®; Air Date: 10/25/2022See omnystudio.com/listener for privacy information.
When things aren't going our way it is natural to want to take action, but history tell us that those who sell in the midst of a bear market are more than likely to miss the key period of recovery that follows. Steve and Nathan update us on the state of the markets, and Donna offers some historical data on investing through bear markets, describes how markets tend to react around mid term elections, and offers some encouraging stats for those steadfast market participants. Hosts: Steven Beauvais, Nathan Beauvais EA, CFP® & Donna Sowa Allard, CFP®, AIF®; Air Date: 10/19/2022See omnystudio.com/listener for privacy information.
Social security cost of living adjustment (COLA) will be nearly 9% next year to offset inflation, which will be the largest increase in 41 years. Donna and Nathan explain what that increase looks like in real dollars, offers some year end planning tips, and discusses how understanding the credit reporting agencies' formula can help you more efficiently improve your score.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 10/18/2022See omnystudio.com/listener for privacy information.
Daniel Kahneman’s iconic book, “Thinking Fast and Slow”, introduced the idea of behavioral finance, a revolutionary school of thought that shed light on the biases that drive irrational investment decision making. Donna and Nathan dig into these biases and and explain how they contribute to the market inefficiency that we experience today.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 10/13/2022See omnystudio.com/listener for privacy information.
Life insurance is most affordable when we need it the least, which is why so many people end up underinsured. Steve and Nathan discuss who does and doesnt need life insurance, the benefits of umbrella insurance, and our MoneyTalk Moment in Financial History looks back on the energy crisis of 1979.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 10/13/2022See omnystudio.com/listener for privacy information.
Cybersecurity awareness is more important than ever, and no matter how good your firewall or antivirus protection may be, our general complacency as users leaves us vulnerable. Donna and Nathan cover some of the most common and effective cyber threats prevailing today, and how to reduce your odds of becoming the next victim.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 10/11/2022See omnystudio.com/listener for privacy information.
Nathan recaps the week in the markets as employment numbers beat expectations, stoking fears that the fed will continue efforts to slow the economy with further rate hikes. And our Best of MoneyTalk features: things you should know about bear markets, challenges in retiring early, and the basics of Estate planning. Host: Nathan Beauvais EA, CFP®; Air Date: 10/7/2022See omnystudio.com/listener for privacy information.
When asset prices are down, the inclination for some may be to stop the bleeding by selling out of a position that’s lost value and replacing it with a more conservative holding. Steve and Nathan explain why this is a losing strategy, and offer some guidance for those looking for options in the fixed income markets. Also, our MoneyTalk Moment in Financial History covers the 1979 oil crisis.
Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 10/5/2022See omnystudio.com/listener for privacy information.
Finding the right financial advisor for you is not as easy as it should be, especially because the title financial advisor does not carry a requirement for specific licensing or certification, making them hard to compare. Donna and Nathan discuss the various factors that should go into your decision on choosing an advisor, questions to ask during the vetting process, and how to compare fee structures.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 10/4/2022See omnystudio.com/listener for privacy information.
October is financial planning month, so this month we encourage listeners to focus on building new habits to improve their financial wellbeing. Donna discusses typical reasons why people start taking their financial planning seriously, covers questions you should be able to answer about your personal finances, and highlights some important facts you should know about flood insurance in light of recent extreme weather.
Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 10/3/2022See omnystudio.com/listener for privacy information.
Nathan delivers a bleak update on the state of the markets as the S&P reaches a new low for this bear market, followed by some Best of MoneyTalk segments, including: social security planning, and financial scam red flags to watch for.
Host: Nathan Beauvais EA, CFP®; Air Date: 9/30/2022See omnystudio.com/listener for privacy information.
We’ve all experienced bear markets, but you are probably more familiar with the pain they can bring than with the technical conditions that define them. Donna and Nathan explain what makes a Bear market, take us through some of the more memorable bear markets in our history, and serve up some stock trivia.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 9/29/2022See omnystudio.com/listener for privacy information.
When most of us think of investments we think of stocks and bonds, but alternative investments have been a go-to for investors looking for diversification or hedging strategies since the early days of Wall Street. Donna and Nathan discuss the various types of alternative investments and how they can be used. Also, our MoneyTalk Moment in Financial History focuses on the very first stock ever issued, the Dutch East India Company.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 9/28/2022See omnystudio.com/listener for privacy information.
When your grandparents retired, life was simpler: you said your goodbyes, got your gold watch, and started receiving those pension and social security checks. Today, you are expected to create a retirement income plan with the right mix of account types and a tax efficient distribution strategy, and if you're lucky, you won't outlive your money. Donna takes us through the basics of IRA planning, the tax considerations, and more. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 9/27/2022See omnystudio.com/listener for privacy information.
Bear markets hurt, but for those making consistent contributions it can feel a bit like discount shopping, and who doesn't love a good sale? Donna discusses the benefits of staying the course with your contributions when markets underperform, and how sequence-of-returns-risk is impacting retirees who depend on their portfolios for income. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 9/26/2022See omnystudio.com/listener for privacy information.
Steve and Nathan recap another punishing week for investors and the questionable timing of the UK's planned tax cuts, followed by some Best of MoneyTalk segments, including: the power of compound interest, the facts about annuities, and big mistakes made by some of the world's most successful investors. Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 9/23/2022See omnystudio.com/listener for privacy information.
Lets be honest, the world is an expensive place; and for today's young adults survival is often dependent on parental support. Donna and Nathan discuss investment and savings vehicles designed for the benefit of your children, and considerations you should have when choosing how and when to use them. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 9/22/2022See omnystudio.com/listener for privacy information.
As expected, the Fed raised rates by another 75 basis points on Wednesday, but the markets responded as if blindsided by the news. Donna and Nathan discuss how rising rates are being felt across the economy, the drastic shift taking place in the housing market, and some internal biases that drive our financial decision making. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 9/21/2022See omnystudio.com/listener for privacy information.
Don and Donna offer insight on what’s driving markets today, and discuss the importance of learning from the money mistakes of others. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF®; Air Date: 9/20/2022See omnystudio.com/listener for privacy information.
Don and Donna discuss recent market volatility, how fed policy expectations are effecting the economy, and focus areas of the financial planning process. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF®; Air Date: 9/19/2022
See omnystudio.com/listener for privacy information.
Nathan recaps another tough day for the markets, followed by some Best of MoneyTalk segments of the week, including: retirement planning for the self employed, moves to make in a down market, and financial planning in your 40's. Host: Nathan Beauvais EA, CFP®; Air Date: 9/16/2022See omnystudio.com/listener for privacy information.
Financial Planning is a process that evolves as you age, and successful execution of your plan requires that it’s focus areas reflect not only your long term goals, but also your current priorities. Donna and Nathan discuss financial planning priorities as they relate to the various decades of your adult life. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 9/15/2022See omnystudio.com/listener for privacy information.
2022 has tested the resolve of investors, with market rallies frail enough to crumble under nothing more than a bad earnings report. Steve and Nathan offer some options for investors looking to take action in the midst of a bear market. Also, our MoneyTalk Moment in Financial History revisited the story of our nation’s most successful entitlement program, social security. Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 9/14/2022See omnystudio.com/listener for privacy information.
The pandemic brought about the greatest influx of new 1099 contractors and small businesses in modern history, but with that independence comes new challenges, particularly when it comes to saving for retirement. Donna and Nathan discuss retirement planning options for the self employed, and some of the unique rules and benefits around SEP IRAs, SIMPLE IRAs and Solo 401Ks. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 9/13/2022See omnystudio.com/listener for privacy information.
Home ownership has become an early benchmark of status and independence in our society, but the advantages of owning a home go well beyond perception or investment potential, particularly come tax time. Donna discusses the tax benefits of home ownership, good and bad options for funding your down payment, and what retirees say are some of the best decisions they made leading up to retirement. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 9/12/2022See omnystudio.com/listener for privacy information.
The financial planning process is less about investing, and more about figuring out what retirement means to you and aligning your goals and resources to make it a reality. Steve and Nathan talk about how the financial planning process works, the importance of using conservative projections, and some key focus areas that boost the impact of your plan. Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 9/9/2022See omnystudio.com/listener for privacy information.
Social Security effects nearly all Americans, so the complexity and uncertainty that has developed around the program have made it a common point of anxiety for many nearing retirement. Donna and Nathan take us through the mechanics and politics of the social security system, and focus attention on the aspects of the program that effect your retirement plan the most. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 9/8/2022See omnystudio.com/listener for privacy information.
As if the investment universe isn’t complicated enough, there are some financial securities out there with labels that don’t accurately reflect the product. Steve and Nathan discuss some of these misleading product descriptions and what they actually are. Also, our MoneyTalk Moment in Financial History covers the advent and subsequent growth of emerging markets investing. Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 9/7/2022See omnystudio.com/listener for privacy information.
There are many different hurdles that can make it difficult to save for retirement. Donna and Nathan offer some simple rules for getting your retirement savings on track, such as making a commitment to starting today, automating your contributions, and making even small investments over time rather than waiting until you feel financially ready. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 9/6/2022See omnystudio.com/listener for privacy information.
Risk is sometimes thought of as how much money you can lose, but investment risk is as much about upside volatility as it is about downside. Nathan discusses various measures of investment risk and how to apply them to your portfolio, tells the story of Warren Buffett’s competition to prove the superiority of active over passive investing, and provides context to the efficient markets hypothesis. Host: Nathan Beauvais EA, CFP®; Air Date: 9/2/2022See omnystudio.com/listener for privacy information.
Donna and Nathan discuss the potential for further Fed rates hikes, the cooling housing market, and take a listener question on the validity of the 4% rule for various retirement scenarios. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 9/1/2022See omnystudio.com/listener for privacy information.
A trust can be a useful tool for protecting your assets and ensuring that your intentions for those assets are honored. Steve and Nathan discuss the types of trusts and some arguments for and against having one for your estate. Also, our MoneyTalk Moment in Financial History covers the infamous namesake of the Ponzi scheme, Charles Ponzie. Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 8/31/2022See omnystudio.com/listener for privacy information.
Money is personal, emotional, and often irrational, which is why financial planning is both a science and an artform. Donna takes listeners through the financial planning process including what to expect, conflicts of interest to be aware of, and the relationship between your goals and values. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 8/30/2022See omnystudio.com/listener for privacy information.
President Biden’s student loan debt forgiveness plan has targeted one of the major debt issues facing our nation, but it is only the tip of the burgeoning debt iceberg. Donna discusses the challenges around paying down debt in an increasingly expensive world, and offers options for those who don’t depend on their RMDs for income. Hosts: Donna Sowa Allard, CFP®, AIF®; Air Date: 8/29/2022See omnystudio.com/listener for privacy information.
Investment income is critical for retirees, but the way dividends and interest are calculated on investments differs greatly from the interest earned on bank accounts or CDs. Steve and Nathan explain how dividends are calculated and why this can benefit you in a down market. Also, our MoneyTalk Moment in Financial History continues our discussion on the rise and fall of the gold standard. Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 8/24/2022See omnystudio.com/listener for privacy information.
In general, rules of thumb can be good guidelines, but sometimes they can offer an overly simplified view of the world. Donna and Nathan discuss the wisdom and flaws of some investing rules of thumb, including the 60/40 portfolio, the 4% rule, passive investing theory and more. Also listen for an in depth discussion on managing your high spending years. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 8/25/2022See omnystudio.com/listener for privacy information.
There are many different types of investment vehicles to choose from, but how do you know which are right for you? Steve and Nathan discuss the differences and appropriate uses of various investment vehicles, including exchange traded products, mutual funds, REITs and more. Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 8/23/2022See omnystudio.com/listener for privacy information.
In the long run markets tend to behave rationally, but on a shorter timeline the irrational behavior of individuals leads to the unpredictable, volatile markets that we‘ve come to know so well. Steve and Nathan discuss the application of behavioral finance, the biases that it reveals, and review current economic indicators. Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 8/22/2022See omnystudio.com/listener for privacy information.
You may have heard the ad stating “I’d rather go to hell then sell an annuity”, but all financial products serve a purpose, and the annuity is an example of a useful product that is often misused. Donna and Nathan discuss the different types of annuities and who they are best for, the extreme risk involved in meme stock investing, and how the strength of the dollar effects the global economy. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®; Air Date: 8/18/2022See omnystudio.com/listener for privacy information.
Imagine that you invested $100,000 at 6%. Due to the power of compound interest, after a 30 year working career that account would have grown to $800,000, and that’s with no additional contributions! Steve and Nathan discuss the importance of time when it comes to achieving your financial goals. Also, our MoneyTalk Moment in Financial History covers a period when our nation lived by its standards, or at least the economy did: the history of the gold standard. Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 8/17/2022See omnystudio.com/listener for privacy information.
After a five day market rally we may be seeing some positive headwinds, but when we look closely some of the forces driving that growth may be more temporary than we would like. Don and Donna discuss the week’s market movers, the many benefits of the Roth IRA, and some simple solutions for avoiding retirement obstacles. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF®; Air Date: 8/16/2022See omnystudio.com/listener for privacy information.
If social security is the backbone of the retirement world, the defined contribution plan is the muscular system that keeps it supported. Don and Donna talk about how defined contribution plans work, how managing your behavior affects retirement outcomes, and the importance of consistent market participation.
Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF®; Air Date: 8/15/2022See omnystudio.com/listener for privacy information.
2022 has been a ride for the markets, leaving weary investors feeling hand cuffed by a lack of good options. Steve and Nathan talk about creative solutions for investing in a down market, including raising your contributions, converting to a Roth IRA, diversifying your account types, and more. Also, our MoneyTalk Moment in Financial History tells of a man who revolutionized the grocery industry, but will forever be remembered for waging battle with the Wall Street elite: the story of Piggly Wiggly. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®; Air Date: 8/10/2022See omnystudio.com/listener for privacy information.
Month over month inflation is cooling, employment is strong, and the Fed is talking about the growing odds of a soft landing for the economy, but if you watch the markets it becomes clear that this does not tell the whole story. Steve and Nathan take us through the diverging experiences of the various sectors of the world economy, what behavioral finance tells us about why many investors fail, and the history of income tax in the US. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®; Air Date: 8/12/2022See omnystudio.com/listener for privacy information.
We tend to spend a lot of time asking the question “what do I do” when it comes to managing our money, but sometimes it is even more valuable to focus on what not to do. Don and Donna talk about the money and finance topics that matter to you, including the importance of knowing your financial “don’ts”, near term expectations for the markets, and more. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF®; Air Date: 8/9/2022See omnystudio.com/listener for privacy information.
Original MoneyTalk hosts Don Sowa and Steve Beauvais team up again to kick off a new era of MoneyTalk radio at our new home on AM630 WPRO. Tune in live Monday through Friday at 7PM as the hosts continue to break down the market news of the day and the financial planning topics that effect your lives. And as always, you can find all of the great MoneyTalk content by searching Don Sowa·s MoneyTalk wherever you get your podcasts. Hosts: Donald Sowa, CFP®, AIF® & Steven Beauvais; Air Date: 8/8/2022See omnystudio.com/listener for privacy information.
How long will I live, and will I run out of money? These are the two questions that linger in our minds and force us to take our retirement planning efforts more seriously. Nathan talks about personal finance topics that matter to you, including trends in income and longevity, the IRS plans to ramp up their audit practices, and reviews the book ·Just Keep Buying: Proven Ways to Save Money and Build Your Wealth· by Nick Maggiulli.
Host: Nathan Beauvais, EA, CFP®; Air Date: 8/5/2022See omnystudio.com/listener for privacy information.
With such a broad universe of investment options it is difficult to have an objective process for making decisions, and this leads to biases. Donna and Nathan discuss some of the most common types of investor biases including loss aversion, the sunk cost fallacy, and concentration bias. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®; Air Date: August 4, 2022 See omnystudio.com/listener for privacy information.
The Efficient Markets Hypothesis states that all available information is reflected in current stock prices, but the irrational price swings of the past few years seem to turn that theory on its head. Nathan takes us through the changes of recent decades that have contributed to market volatility. Also, on our MoneyTalk Moment in Financial History Nathan gets into the history of the US stock exchanges. Host: Nathan Beauvais, EA, CFP®; Air Date: 8/3/2022See omnystudio.com/listener for privacy information.
A technical recession is defined as two consecutive quarters of declining GDP, and although we·ve now hit this threshold, it doesn·t tell the whole story. Donna explains how job growth and spending are keeping the economy above the traditional recessionary watermark, and addresses a listener question on investment options for young workers who do not qualify to contribute to their company retirement plan. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: August 2, 2022 See omnystudio.com/listener for privacy information.
Don discusses the merits of working with industry professionals to assist in managing your financial life, and provides an update on the trajectory of the markets following the recent Fed rate hike. Host: Donald Sowa, CFP®, AIF®; Air Date: August 1, 2022See omnystudio.com/listener for privacy information.
Da Vinci said simplicity is the ultimate sophistication, which means many of us tend to live pretty unsophisticated financial lives. Donna and Nathan discuss personal finance topics that matter to you, including ways to simplify your life by reducing your financial clutter, the trajectory of the markets, and how sector performance rankings have shifted over the past year. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®; Air Date: July 28, 2022 See omnystudio.com/listener for privacy information.
The Fed unanimously agreed to raise rates by .75% during Wednesday·s meeting of the FOMC, reflecting their belief that the labor market is strong enough for them to take more aggressive measures to curb inflation without a major impact on employment. Steve and Nathan discuss the state of the economy. Also, our MoneyTalk Moment in Financial History covers a period that shaped the national ethos that still lives on today, the California Gold Rush. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®; Air Date: July 27, 2022 See omnystudio.com/listener for privacy information.
The Fed Open Market Committee meets this week to discuss the next round of rate hikes as they look to stem inflation without adversely impacting the job market. Don discusses the economic path toward recession, how behavioral finance informs our understanding of current market activity, and the state of the social security program. Host: Donald Sowa, CFP®, AIF®; Air Date: July 26, 2022 See omnystudio.com/listener for privacy information.
July has been a better month for the market, but most portfolios still remain negative for the year and inflation continues to stymie any hopes for economic recovery. Donna offers some short term planning strategies that investors can take advantage of, such as budget tightening, initiating a Roth conversion, and tax loss harvesting. Also on MoneyTalk, Donna discusses the importance of cultivating strong social networks to improve longevity in retirement. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: July 25, 2022
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With all of the available data one would think that the stock market moves rationally based on the best information available, but the truth is that the stock market is really a people market, and it moves irrationally based more on emotion than calculation. Don and Donna discuss behavioral finance topics, including the mechanics of the markets and the reasons for the great disparity between the winners and losers, how internal biases shape our perception, and how loss aversion can lower our tolerance for investment risk. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF®; Air Date: July 19, 2022
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Rahm Emanuel famously said, ·never let a serious crisis go to waste.· Steve discusses moves investors can make to take advantage of the current market, including discounted asset classes to consider, accelerating your 401k contributions and converting to a Roth IRA. Host: Steven Beauvais; Air Date: July 20, 2022
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Don shares his insights on economic growth and inflation, his positive expectations for the second half of 2022, and strategies for dealing with the stress of volatile markets. Host: Donald Sowa, CFP®, AIF®; Air Date: July 18, 2022
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As we are all discovering, the effects of inflation are inescapable, but that does not mean that they impact everyone evenly. Donna and Nathan discuss how individual circumstances play into the way we experience inflation in our lives, how current low employment numbers may not reflect the true state of the labor market, and more. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®; Air Date: July 14, 2022
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Wednesday’s CPI report showed priced up by a staggering 9% year over year, so why are some analysts calling for a top to inflation? Steve and Nathan look deeper into the CPI numbers to explain why they may not be as bad as they look, and discuss the unprecedented gap between rates and inflation. Also, our MoneyTalk Moment in Financial History provides context to the discussion with the history of inflation. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®; Air Date: July 13, 2022
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We have reached the midpoint in the year, and those of us with a traditional 60/40 portfolio have experienced the worst 6 months of performance in modern times, motivating some to make up for their losses by taking on greater risk. Donna discusses the importance of maintaining discipline, tax loss harvesting, and takes a listener question on risk profile exceptions for senior investors. Host: Donna Sowa Allard, CFP®, AIF®. Air Date: July 12, 2022
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The Fed is expected to take further measures to bring inflation under control, but some analysts feel that their reactionary approach to policy making has contributed to our current challenges. Don discusses the Fed·s spotty history of responding to economic crisis, what it means to be a fiduciary, and generational trends in investing. Host: Donald Sowa, CFP®, AIF®. Air Date: July 11, 2022
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Many Americans today, particularly retirees, live off several different sources of income which often receive different tax treatment. Donna and Nathan take us through the various types of income, how they are taxed, and how to incorporate this information into your tax planning. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP® Air Date: July 7, 2022
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An old investment adage states, when it’s the right time to buy, you won’t want to. Steve and Nathan offer some statistics that paint the present moment as a strong buying opportunity. Also, our MoneyTalk Moment in Financial History centers around one of the biggest Ponzi schemes in history that you’ve never heard of, the story of The Match King, Ivar Kreuger. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP® Air Date: July 6, 2022.
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Don talks about how the strengthening dollar and falling oil prices have contributed to improved market performance, the large quantity of cash Americans are still holding on the sidelines, and US economic indicators to keep an eye on this week. Host: Donald Sowa, CFP®, AIF® Air Date: July 5, 2022
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When we hear of tax loopholes we typically think about strategies that benefit the wealthy, but Topic 409 stands in contrast in that it is specifically designed for middle income investors. Steve talks about personal finance topics that matter to you, including tax savings strategies for the common investor, the importance of pursuing a debt free retirement, and the increased value of dividend paying investments in a down market. Host: Steven Beauvais Air Date: July 1, 2022
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Annuities often get a bad wrap due to their fees, inflexibility, and aggressive sales culture, but as with most financial products they can be a great option for the right person. Steve and Nathan discuss the different types of annuities and who they work best for. Also, our MoneyTalk Moment in Financial History continues a discussion on the origins of the Federal Reserve. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP® Air Date: June 29, 2022.
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The urge to exit the market when volatility is high is one of the most difficult behavioral hurdles for long term investors to overcome. Don and Donna discuss how dollar cost averaging helps to protect investors from the emotional triggers of a down market, the importance of starting good investment habits early in your career, and the historical relationship between inflation and stock performance. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF® Air Date: June 28, 2022. Systematic investment plans do not ensure profit or protect against loss in declining markets. Such plans involve continuous investment, regardless of market conditions. Markets will fluctuate, and clients must consider their ability to continue investing during periods of low price levels.
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Don Sowa returns to MoneyTalk with a discussion on investor psychology during times of volatility, the sources of short-term market relief we·ve seen over the past week, and what we might expect from the Fed in the second half of 2022. Host: Donald Sowa, CFP®, AIF® Air Date: June 27, 2022
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It can be tough to sell people on paying for something that they will not benefit from within their lifetime, but for many of us the importance of life insurance is hard to overstate. Nathan discusses who should and who should not have life insurance, potential signs of a downside shift for commodities, and Michael Batnick’s book, “Big Mistakes: The Best Investors and Their Worst Investments”. Host: Nathan Beauvais, EA , CFP® Air Date: June 24, 2022
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Buying in to a down market can be a psychologically challenging endeavor, which is why having a plan is so necessary. Donna and Nathan discuss the negative consequences of attempting to ·buy the dip·, the historically significant movement in rates, how to decide if it·s the right time to buy a home, and more. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA , CFP® Air Date: June 23, 2022
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Steve and Nathan discuss volatility in the commodities markets, and how rising rates have further constrained an already tight housing market. Also, our MoneyTalk Moment in Financial History takes us through the history of the federal Reserve. Hosts: Steven Beauvais & Nathan Beauvais, EA , CFP® Air Date: June 22, 2022
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Mortgages rates have spiked at a historically fast pace, dropping new mortgage demand to its lowest level in 22 years, and the Fed·s delayed response to reversing its easy money policy of the past decade has forced them into a corner. Nathan discusses the consequences of current fed policy, active vs passive investing and more. Host: Nathan Beauvais, EA, CFP® Air Date: June 16, 2022
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With inflation continuing its momentum largely unabated, many individuals have resigned themselves to this new normal and the feeling that they are powerless against its impact on their daily lives. Steve challenges this notion, offering some strategies that investors can employ to decrease the negative effects of inflation on their portfolios. Host: Steven Beauvais Air Date: June 15, 2022
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Financial planning is about doing the best you can with what you have, but too many people neglect to prioritize their planning because thinking about all of their financial obligations at once can be overwhelming. Donna discusses the importance of taking on your financial goals one step at a time, goes into detail about some congressional proposals for social security reform, and takes a listener question about the importance of life insurance at various stages of life. Host: Donna Sowa Allard, CFP® AIF® Air Date: June 14, 2022
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The retirement savings rate is greatly influenced by the automatic nature of company retirement plans, and with nearly 40% of workers still having no access to an employer sponsored plan, the average American’s ability to retire comfortably appears to be increasingly out of reach. Donna and Nathan discuss the retirement savings gap, some irresponsible trends in crypto investing, and more. Hosts: Donna Sowa Allard, CFP® AIF® & Nathan Beauvais, EA, CFP® Air Date: June 13, 2022
This podcast is intended strictly for educational purposes only and is not a recommendation for or against cryptocurrency.
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During the pandemic, demand for oil plummeted forcing oil producing countries to halt production, and because demand for oil has recovered faster than suppliers· capacity to ramp up production gas prices continue to skyrocket. Nathan discusses the forces behind the current energy crisis, how to determine the amount if risk in your investments, and reviews the book ·Investing: The Last Liberal Art· by Robert Hagstrom. Host: Nathan Beauvais, EA, CFP® Air Date: June 10, 2022
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Saving money in your 401K is critical to meeting your retirement goals, but your tax deferred account is not the only place where you can reduce your investment tax burden. Nathan talks about the importance of diversifying the tax treatment of your investments, responds to a listener question on why jobless claims continue to rise while companies still seem to struggle to find skilled labor, and explains why the rising rates have not translated to higher savings deposit rates. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP® Air Date: June 9, 2022
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Many investors seek opportunities in historically high performers that have fallen out of favor. Steve and Nathan cover some of the companies and asset categories hit the hardest this year and where the potential may lie for future growth. Also, our MoneyTalk Moment in Financial History focuses on BankAmericard and the rapid rise of modern day consumer debt. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP® Air Date: June 8, 2022
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How much money you will need to retire depends on a number of factors including, but not limited to, your desired lifestyle, expected retirement age, and potential financial obligations. Donna offers a basic set of criteria that you can use to estimate your retirement savings goal. Host: Donna Sowa Allard, CFP®, AIF® Air Date: June 7, 2022
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With year over year home values having risen 20%, Americans have an unprecedented amount of home equity at their disposal. Donna and Nathan discuss how to responsibly tap into your equity to put your greatest asset to work without jeopardizing your long-term goals. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP® Air Date: June 6, 2022
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Bonds have been hit hard over the past year, but even in a tough market, bonds can hold strategic value for income investors. Steve discusses how tax free, high yield, and other bond types can be incorporated into your portfolio to add efficiency and stability in volatile times. Host: Steven Beauvais Air Date: June 3, 2022
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Whether trying a new recipe, choosing a career path after high school, or deciding who to marry, there is a risk/return relationship present in most aspects of our lives and the choices that lead to the greatest reward will typically carry the greatest risk. Nathan argues that our ability to measure investment risk makes it different from many of these other challenging life decisions, which is why it is so important to take a calculated approach to portfolio risk management. Host: Nathan Beauvais, EA, CFP® Air Date: June 2, 2022
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Anyone can buy stock, but holding on to it takes a level of discipline and self control that many investors lack. Steve and Nathan talk about the current investment landscape, the impact of Fed QE on current economic conditions, and our MoneyTalk Moment in Financial History segment on the Bear Market of 1973 · 1974. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP® Air Date: June 1, 2022
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Some people will stay with the same company for their entire career, but most of us will change jobs several times throughout our journey and the employment struggles of recent years have made this even more prevalent. Donna talks about transitioning to new employment and the issues that many face in adapting their financial plan to their new circumstances. Host: Donna Sowa Allard, CFP®, AIF® Air Date: May 31, 2022
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Inflation can be stifling to economic growth, but there is one particular sector that tends to benefit in a rising price environment. Nathan discusses how commodities can both drive and feed off inflation, creating opportunity for investors. Host: Nathan Beauvais, EA, CFP® Air Date: May 27, 2022
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The current sell off we are experiencing indicates that many people are taking money off the table to mitigate their losses, but history tells that the majority of these people will end up buying back in after missing a substantial period of the rebound, with long term growth implications. Donna discusses alternative measures you can take to avoid missing the market recovery, and takes listener questions on the state of the mortgage and energy markets. Host: Donna Sowa Allard, CFP®, AIF® Air Date: May 26, 2022
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Income investors like dividends for obvious reasons, but when prices are down those dividend payments represent an even higher percentage per share at a time when return on investment may be hard to find. Steve and Nathan discuss some of the sectors paying the highest dividend yield right now. Also, our MoneyTalk Moment in Financial History continues our Bear Markets series with the Bear Market of 1980. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP® Air Date: May 25, 2022
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You have probably never heard of a build-wealth-slow scheme even though this is the strategy that most of us follow, but during a market correction the slow and steady approach carries some unique advantages. Don and Donna Grace talk about how dollar cost averaging can have greater long term impact on your portfolio in buy-low moments like these. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF® Air Date: May 24, 2022
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When investor tension is high, it can become easy to get swept up in the negativity of the moment. Donna and Nathan discuss positive moves you can make in your portfolio during these trying times. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP® Air Date: May 23, 2022
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Unlike with 401Ks, Many SEP IRA owners wait until the end of the year to make their annual contribution, but this can place them at the mercy of the market conditions of that given period. Steve tells listeners why right now may be the time to make that SEP contribution or to increase your 401K deferral. Host: Steven Beauvais. Air Date: May 20, 2022
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The markets have seen the worst start to a year since 1981, but what we haven·t seen is market capitulation, or a general sense that the investor is throwing in the towel. Steve and Nathan discuss the market forces keeping investors in the game·for now. Hosts: Nathan Beauvais, EA, CFP® & Steven Beauvais. Air Date: May 18, 2022
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When you realize just how disproportionately the mainstream media covers volatile markets vs bull markets, its hard to blame investors who tend to lean into the fear mongering. Donna addresses a listener question regarding how close we should or should not be paying attention to the markets and financial news? Host: Donna Sowa Allard, CFP®, AIF®. Air Date: May 17, 2022
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With the S&P, NASDAQ and Russell 2000 all in bear territory along with a host of mega-cap stocks, the negative sentiment has been palpable. Donna and Nathan discuss the conditions that typically lead to a bear market, and which of these conditions are currently present. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP® ---This is intended strictly for educational purposes only and is not a recommendation for or against cryptocurrency. ---
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Its hard to identify a bubble when you are in the midst of one, and looking back on the market dynamics of the past few years the only surprise has been that we didn·t see the air coming out of the balloon sooner. Nathan takes a look at the phases of typical financial bubbles, and how the stock and crypto markets have followed suit. Host: Nathan Beauvais, EA, CFP®
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Our hosts do have a lot to say, but so do our listeners. Nathan responds to listener questions, including: a proposed alternative to the standard 60/40 portfolio, whether it’s a good time to convert your IRA to a Roth, and the role that politics may or may not have played in the current spike in inflation. Host: Nathan Beauvais, EA, CFP
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The market impact of the pandemic was far more muted than analysts had expected, and some feel that government stimulus efforts may have created a delayed response leading to the volatility we are currently experiencing. Steve and Nathan discuss the various asset classes that have been hit hardest, and those that have remained resilient. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®
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Investing carries risk, but doesn·t everything worthwhile come at some cost? Nathan explores the psychology behind why so many people work to circumvent the costs of long-term investing by trying to time the markets while many of these same people willingly pay a premium for other goods and services. Host: Nathan Beauvais, EA, CFP®
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We are in a unique situation where the economy is experiencing negative GDP growth along with rising inflation, also known as stagflation, stoking investors’ fears of a looming recession. Donna and Nathan discuss actions that investors can take to position themselves for the times ahead. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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Technology has empowered the investor in new ways, one being the ability to efficiently compare their investment expenses with alternative options available. Steve explains some of the resources that have been recently launched to help minimize portfolio costs and even the playing field for the investor. Host: Steven Beauvais
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People retire early for a host of reasons, and a recent survey showed that half of retirees planned to gradually transition to retirement, but less than 10% did so successfully. Donna discusses the importance of assessing your retirement readiness and preparing yourself for potential deviations in your transition plan. Host: Donna Sowa Allard, CFP®, AIF®
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The desire to attempt to time the market can be akin to gambling, but investing for the long term is about time IN the market, rather than timING the market. Donna and Nathan discuss how a combination of smart portfolio design and discipline can turn the odds in your favor when taking a long term approach to investing. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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In finance and economics we have seen many examples of companies and investors with a track record of failure that still somehow emerge successful. Steve and Nathan reference “The Psychology of Money” by Morgan Housel, and the idea that our economy is anchored by the few great successes that overshadow its innumerable failures.
Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®
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Financial planning is often structured based on age, but our finances are more accurately dictated by the phase in life that we are in, which can vary greatly in age from person to person. Donna discusses planning for the phase that you are in, and the focus areas and priorities that come into play for each. Host: Donna Sowa Allard, CFP®, AIF®
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With slower growth expectations, the inversion of the yield curve, and sustained high inflation, the recession discussion has been steadily gaining strength. Donna and Nathan make the case for why these fears may be overblown. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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In the world of retirement accounts, the Roth IRA and 401K are unique in their abundance of benefits, so it should come as no surprise that the hybrid Roth 401K has become increasingly popular since its inception. Donna and Nathan talk through the rules that govern these accounts and the best ways to incorporate it into your retirement portfolio. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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Capital gains on assets are calculated based on the difference between the original purchase price and the price at sale, but when assets are passed down to beneficiaries after death, the cost basis is ·stepped-up· to the fair market value on the date of the original owner's death. Nathan discusses how rules like stepped-up basis can play a significant role in estate planning for investors. Host: Nathan Beauvais, EA, CFP®
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The 10-year period leading up to retirement is a time to be asking some important questions. Donna covers some of these critical planning questions, including: How can I use my current budget to project out my retirement expenses? Do I need to make adjustments to my workplace retirement plan? What is my social security benefit? And, how do you plan to cover your increased healthcare costs? Host: Donna Sowa Allard, CFP®, AIF®
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Interest rates and inflation have been the economy·s one-two punch as of late, but the circumstance has brought attention to a particular inflation favored product that rarely makes the conversation. Donna and Nathan address some listener FAQs, including the reasons behind the recent performance of Series I Bonds. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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There are various types of accounts that are designed to help individuals save money for the benefit of their children, such as the UGMA, UTMA and 529 plan. Nathan discusses how these accounts differ, and the benefits and drawbacks of each. Host: Nathan Beauvais, EA, CFP®
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Goal setting can make the most impact early on in your journey, but because of the potential for variables in your projections, such as a year where inflation is 5% higher than expected, early goal setting can often feel like cutting your lawn with a weedwhacker blindfolded. Nathan discusses the importance of using short, mid, and long-term goals in the financial planning process. Host: Nathan Beauvais, EA, CFP®
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Social security uses a formula with some basic features that determine how retiree benefits are calculated, including the Full Retirement Age, social security work credits, and cost of living adjustment. Donna discusses how these rules can be used in developing your social security planning strategy. Host: Donna Sowa Allard, CFP®, AIF®
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Taxes are one of the only areas of finance in which knowledge of the rules and strategic planning can lead to increased rate of return without the need to take on additional risk. Donna and Nathan discuss some of the items that should be on your priority list as we approach the April 18th deadline. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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In the wake of Russian sanctions, energy markets have been on everyone’s mind, but with this once dominant sector of the S&P 500 having taken a backseat over recent decades the impact on the stock market has been less pronounced than in energy crises of the past. Nathan discusses the future of energy, the hot commodities sector and how to achieve diversification from a tech heavy S&P 500. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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With the deadline on prior year IRA contributions approaching, now is a good time to think about when it·s a good time to contribute to a pre-tax retirement account vs an after-tax investment account. Steve and Nathan discuss how age and income play into your contribution strategy. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®
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The Federal student loan moratorium has been once again extended until August 31st. Donna discusses how many student loan holders have taken advantage of this pause to increase their savings and improve their credit. Host: Donna Sowa Allard, CFP®, AIF®
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With higher mortgage rates, an increase in mortgage delinquencies, and fewer online home searches and home tours, the housing market may finally be showing signs of slowing. Donna and Nathan explain why a little deceleration in housing may not be the worst thing for the economy. Hosts: Donna Sowa Allard, EA, CFP® & Nathan Beauvais, EA, CFP®
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The Federal Reserve Bank of Dallas recently stated that housing prices have steadily been increasing since 2012 and have become increasingly unhinged from the fundamentals. Nathan cautions homeowners hoping to maximize their selling price by pouring money into home renovations that the economics may not be in their favor. Host: Nathan Beauvais, EA, CFP®
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Since the income cap on Roth conversions was lifted in 2014, anyone with a traditional IRA can convert it to a Roth regardless of their income. Donna and Nathan discuss why this rule change was particularly advantageous to wealthy retirees looking to circumvent their required minimum distributions. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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The VIX volatility index is down 35% over the past few weeks but remains historically high, indicating that fear continues to be a driver of market activity. Steve and Nathan discuss strategies for remaining resolute as an investor and avoiding the type of knee-jerk reactions that come from over being overly immersed in the news of the moment. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®The VIX volatility index is down 35% over the past few weeks but remains historically high, indicating that fear continues to be a driver of market activity. Steve and Nathan discuss strategies for remaining resolute as an investor and avoiding the type of knee-jerk reactions that come from over being overly immersed in the news of the moment. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®The VIX volatility index is down 35% over the past few weeks but remains historically high, indicating that fear continues to be a driver of market activity. Steve and Nathan discuss strategies for remaining resolute as an investor and avoiding the type of knee-jerk reactions that come from over being overly immersed in the news of the moment. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®The VIX volatility index is down 35% over the past few weeks but remains historically high, indicating that fear continues to be a driver of market activity. Steve and Nathan discuss strategies for remaining resolute as an investor and avoiding the type of knee-jerk reactions that come from over being overly immersed in the news of the moment. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®The VIX volatility index is down 35% over the past few weeks but remains historically high, indicating that fear continues to be a driver of market activity. Steve and Nathan discuss strategies for remaining resolute as an investor and avoiding the type of knee-jerk reactions that come from over being overly immersed in the news of the moment. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®
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2021 was a particularly unique year for tax rules due in part to pandemic related accommodations and SECURE Act legislation. Donna covers some of the notable changes impacting taxpayers, including the 10-Year Rule for Inherited IRAs and the expansion of deductions for charitable contributions. Host: Donna Sowa Allard, CFP®, AIF®
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Nearly 60% of taxpayers will be receiving a tax refund this year, at an average amount of $3300. Donna offers some ideas for individuals looking to make smart moves with those refund checks. Host: Donna Sowa Allard, CFP®, AIF®
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Confirmation bias is when you favor thinking that confirms your existing beliefs. The idea that we could need millions of dollars to make it through retirement may lead one to believe that they should contribute to their retirement account as generously and frequently as possible. Nathan challenges that thinking, offering scenarios where continuing those contributions may not be in your best interest. Host: Nathan Beauvais, EA, CFP®
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Average 30 year fixed mortgage rates have gone up nearly 1.5% since one year ago; in other words, a $300,000 mortgage taken today would cost $80,000 more over the life of the loan than it would have just one year ago. Steve and Nathan discuss why this trend is a necessary burden for our economy to combat inflation. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®
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Mortgage rates are rising faster than anticipated as the market adjusts to this inflationary environment, and home sales forecasts have been declining steadily with the expectation that fewer individuals will be able to afford to buy. Donna discusses how higher rates disproportionately effect first time home buyers, and what it may mean for real estate prices going forward. Host: Donna Sowa Allard, CFP®, AIF®
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The fixed income portion of your portfolio is meant to be a safe haven from equity market volatility, but so far this year the bond market has been hit just as hard, leaving investors with few low risk options. Donna and Nathan discuss the forces behind the bond market slump, and where things may go from here. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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The Federal Reserve authorized 1/4 of a point hike in the fed funds rate as a measure to help quell inflation. Donna and Nathan talk how this is expected to effect consumer rates, housing prices and the economy as a whole. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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As markets respond to the reality of a new energy crisis, our team turns the clock back to a time when spiking energy prices led to a 48% decline on the S&P over 21 months. On this edition of our MoneyTalk Moment in Financial History, Steve and Nathan take us through the factors that contributed to the Energy Crisis of 1973, and the brutal bear market that followed. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®
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Estate planning is about using tools to protect your future interests and minimize your tax burden, and one such tool is the trust. Donna talks through the mechanics and uses of irrevocable trusts, and covers other frequently asked listener questions including the Inherited IRA 10-Year Rule. Host: Donna Sowa Allard, CFP®, AIF®
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IRA contribution limits change regularly, and getting the most out of your investment requires an understanding of the current rules and available options. Donna talks about the importance of making your IRA contributions, when it makes the most sense to contribute, and the different tax considerations involved. Host: Donna Sowa Allard, CFP®, AIF®
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Its that exciting time again when we look back on our year on paper and settle up with the tax authorities. Donna speaks with CPA and owner of EHG LLC, Erica Guatieri, about the tax filing issues of the year, from the Child Tax Credit to Economic Stimulus payments and much more. Hosts: Donna Sowa Allard, CFP®, AIF® & Erica Guatieri, CPA, MST
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From Apple and Netflix to Visa and Mastercard, some of the world·s biggest names in business are pulling out of Russia. Donna and Nathan ask how much pain investors in different regions of the world should expect as the Russian economy crumbles. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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Historically, major surges in oil prices or inversion of the yield curve have preceded economic recession, typically within 12 months. The IEA announced that global crude oil prices could end the year at $185 per barrel, and the spread between the 2- and 10-year treasury notes is currently razor thin. Nathan discusses the historical precedent for these leading indicators and whether investors should take them as signs of what is to come. Host: Nathan Beauvais, EA, CFP®
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Whether you think that capitalism is the engine of human progress or the root of all evil, if you believe in personal property rights and the rule of law, you are essentially a capitalist. On this addition of our MoneyTalk moment and financial history, Steve and Nathan discuss the origins of capitalism, and the factors that led to its rise as the dominant ideology of modern times.
Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP
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The White House is faced with the impossible decision of prioritizing domestic inflation or maintaining firm sanctions against Russia. Nathan and guest host Greg Young from Ahead Full Wealth Management, take us through the second order effects of these delicate decisions, and how they could impact the broader economy. Also, Nathan picks Greg·s brain on common tax season questions that we hear from listeners and clients. Hosts: Nathan Beauvais, EA, CFP® & Greg Young, MSAFP, CFP®, EA
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Donna responds to listener questions on topics including the market correction, the state of the housing market, the end of the student payment moratorium, and other issues of importance to our community. Host: Donna Sowa Allard, CFP®, AIF®
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Geopolitical events hit the markets with alarming speed and impact, but this was not always the case. Donna and Nathan take us through some of our nation·s gravest moments, including Pearl Harbor, the Kennedy assassination and 911, and how the market response compares to our experience today. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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With many of the major market sectors now in bear market territory, Steve and Nathan discuss how areas of the economy have been impacted differently during this correction and how the speed and availability of information has contributed to increased volatility in times of economic and political unrest. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®
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Once upon a time, your retirement date was pegged to your pension availability date, but today the finish line is a bit less defined, and many people are choosing their own personal version of early retirement. Donna discusses the considerations that should be made and planning techniques that can be used if you are considering hanging up your hat early. Host: Donna Sowa Allard, CFP®, AIF®
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Even Wall Street darlings like Ark Invest fund manager Cathie Wood have taken a major hit during this market downturn. To offer some much-needed perspective, Nathan reviews a blog post by Sam Rowe: “The 10 Truths About the Stock Market”, where he provides some stats on the long-term trends of the stock market for investors who may be suffering from market correction anxiety.
Host: Nathan Beauvais, EA, CFP®
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Donna and Nathan discuss how investors can overcome the current challenges stemming from the three I·s: interest rates, inflation and infrastructure. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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With a growth machine like Facebook experiencing a 40% drop in value, investors are beginning to question the stability of tech stocks across the board. Steve and Nathan explain the forces behind this sea change for Silicon Valley. Also, our MoneyTalk Moment in Financial History covers Bernie Madoff·s descent from one of the most respected names on Wall Street to the most infamous white-collar criminal of our time. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®
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With inflation looming over 7% some investors are turning to market sectors that are historically sheltered from traditional inflationary pressures. Don and Donna Grace discuss some of these inflation protected investments and whether they are performing consistent with expectations in this rising price environment. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF®
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When you consider that you could be retired for as many years as you spent working, it should come as no surprise that a growing percentage of individuals feel unconfident in their ability to retire on time. Don discusses some of the issues weighing on investors today and how we can better prepare for continued independence in retirement. Host: Donald Sowa, CFP®, AIF®
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As diligent as you may be in saving for retirement, at age 72 the government will make you start withdrawing that money. But what should you do if you find yourself in a position where you don't need the extra income? Donna and Nathan discuss some options for those individuals who are looking for a productive use for their RMD. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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With bonds continuing to slide and equities experiencing painfully low valuations, some investors are turning to alternatives to gain some separation from the volatility of the markets. Steve and Nathan explore the world of alternative investments, how they differ from traditional securities and how they can be used in a diversified portfolio. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
Retirement planning is about focusing your resources and behaviors to efficiently support your short, mid and long-term goals. Don and Donna Grace respond to a listener question about one method of creating a diversified income portfolio called a bucket strategy, explaining the pros and cons of this approach to retirement income planning. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF®See omnystudio.com/listener for privacy information.
The shift from single to joint household can be a challenge for newlyweds at any stage in life, but there are many important financial and legal considerations that, if disregarded, can present unnecessary hardship for couples. Donna and Nathan talk about different approaches for managing a joint household, and the reasons why the transition from ·mine· to ·ours· can be such a psychological hurdle. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
We know that over time the markets can recover from nearly any conditions, but this knowledge offers little solace to those feeling the pain of the present volatility. Nathan reviews some of the drawdowns of the recent decades, the catalysts for those market moves and what they tell us about the current investment climate. Host: Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
The Roth IRA can be an attractive vehicle for minimizing your investment tax liability down the road, but converting pretax assets over to a Roth is a taxable event, and therefore only benefits you under certain circumstances. Nathan discusses the factors to account for when considering a Roth conversion, and the scenarios in which it makes the most sense for investors. Host: Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
If you are in your late 50s/early 60s you are in a critical planning stage where establishing your goals involves careful calculation and a keen understanding of your options. Nathan takes us through a planning checklist for those individuals approaching their last big financial transition. Host: Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
This past week the markets have entered correction territory having dropped nearly 10% off its highs, but is this cause for concern or is it just another day in the markets? Steve and Nathan offer some context on the subject of market corrections and whether its too early to be sounding the alarm bells. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
The markets are experiencing increased volatility, with additional pressure mounting as the Fed prepares for a series of rate hikes in the upcoming months. Don discusses the various forces at play as we enter this new phase for the markets. Host: Donald Sowa, CFP®, AIF®See omnystudio.com/listener for privacy information.
Tax time is on the horizon, and now is a great time to get a head start on your tax prep to ensure that you are not leaving money on the table. Steve discusses some investment related tax facts to keep in mind as you get ready to file for 2021. Host: Steven BeauvaisSee omnystudio.com/listener for privacy information.
With tech companies enjoying exponential market cap growth over the past decade, we have seen the S&P500 take on an increasingly disproportionate weighting in technology. Donna and Nathan respond to a listener question on diversification strategies to mitigate concentration risk within market cap weighted indices. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
We often think of tax loopholes as a benefit of the rich, but there are certain opportunities for individuals at the lower end of the income scale to qualify for tax free returns from certain types of investments. Steve and Nathan discuss Topic 409, Section 121, and other areas of the tax code that can offer great advantages but get little attention. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
Social security benefits make up 2/3 of the average retiree·s income, which is why it is so important to approach it thoughtfully. Don and Donna Grace take us through the social security benefit decision making process, and how to incorporate it into your retirement income plan. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF®See omnystudio.com/listener for privacy information.
S&P500 companies saw profits increase by a staggering 49% in 2021, leading some to question how long this rally can continue. Donna and Nathan warn investors about how fed easing could turn the tables in 2022. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
Investing is like baking, you don’t open the oven door until the cookies are done. Steve discusses the cyclical nature of broad market indexes when investing on a long-term basis, and the important role of patience in the retirement investing process. Host: Steven Beauvais See omnystudio.com/listener for privacy information.
One of the leading causes for investors underperforming the market is the inclination to sell off during market downturns. Don and Donna Grace talk about the importance of having a defined investment strategy to guide you, and more importantly, to save you from the desire to react when things go wrong. Host: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF®See omnystudio.com/listener for privacy information.
Don offers market commentary and his general outlook on the state of the economy for the new year. Host: Donald Sowa, CFP®, AIF®See omnystudio.com/listener for privacy information.
What is greed? Is it possible to never have enough money, and if so, is this not greed? Nathan discusses the role of fear in our pursuit of wealth, and the importance of establishing clear goals for our money to ensure that it holds healthy role in our lives. Host: Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
Many financial institutions have made retirement calculators available to provide individuals with a rough idea of how far their retirement savings will take them, but the accuracy of the results vary widely, mostly due to their limited input. Donna and Nathan discuss the many considerations that go into projecting retirement income needs and the pitfalls of oversimplifying the planning process. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
Many income investors are finding that bond yields are no longer meeting their needs, prompting some to introduce riskier assets into their portfolios. Steve and Nathan talk about the complexities of risk allocation for older investors in this low yield environment. Also, this week’s MoneyTalk Moment in Financial History covers the nation’s most enduring entitlement program, social security. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
Anyone who doesn’t believe that emotions are a big part of investing has never felt the rush of a stock rally or the weight of a bad loss, and the market performance of the past few years has led to some emotionally charged trading activity. Don and Donna Grace discuss the importance of maintaining balance in your expectations and investment strategy. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF®See omnystudio.com/listener for privacy information.
After a year defined by both societal losses and market gains, we usher in the new year with both reflection and anticipation. Donna and Nathan cover the top financial topic searches of 2021, and trending analyst expectations for 2022. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
People hold onto failing investments for a range of different reasons, be it a vision for the future, the desire to recoup losses, or just plain hubris. Most bad investors you’ll never hear about because they never make it. On this edition of the MoneyTalk Moment in Financial History, Steve and Nathan share lessons from one man who’s artistic success allowed him the resources to repeatedly fail as an investor, Mark Twain.
Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP
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How do you know if an advisor is the right fit for you? Don and Donna Grace discuss the process of selecting a financial professional, the different specializations you may find within the profession and the types of questions you should be asking to qualify them. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF®See omnystudio.com/listener for privacy information.
After another record year for the markets, some analysts are signaling a return to a more somber outlook for the year ahead. Don recaps the names and sectors that drove the markets in 2021 and sets expectations for the new year. Host: Donald Sowa, CFP®, AIF®See omnystudio.com/listener for privacy information.
Take investment risk in your 20s; own life insurance in your 30s; ensure the tax diversification of your investments in your 40s; Nathan offers financial advice for individuals at each stage of their adult life and through retirement. Host: Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
Making the decision to retire involves a host of different factors which vary from person to person, but a common error among pre-retirees is placing too much weight on market timing. Don and Donna Grace discuss various retirement planning topics, including the importance of focusing on asset allocation over market performance. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF®See omnystudio.com/listener for privacy information.
The Fed has taken a more aggressive posture toward winding down quantitative easing efforts, announcing three rate hikes scheduled for 2022. Don covers the Fed pivot and other important regulatory and policy changes set to take place in the coming year that could impact investors. Host: Donald Sowa, CFP®, AIF® See omnystudio.com/listener for privacy information.
What do you think the market will do next year? What's your opinion on crypto? Are we headed back to the 1980s with interest rates? If you are a financial advisor you are probably used to fielding (or dodging) these kinds of questions at social events. Donna and Nathan prepare financial industry listeners for the upcoming slate of holiday parties by answering some of these commonly asked questions. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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There has been a historic divergence in recent years between the performance of domestic and international stocks, with the US far outperforming their overseas counterparts. Steve discusses the forces behind this trend and whether we should we expect a reversion to the mean as market cycles progress. Host: Steven BeauvaisSee omnystudio.com/listener for privacy information.
Since 2020, millions of Americans found that their home had also become their workplace, and a growing number of them have taken advantage of tax deductions that the IRS has made available specifically for this situation. Nathan discusses some of the key features and exclusions of the IRS home office deduction and offers resources to help you determine if it makes sense for you. Host: Nathan Beauvais, EA, CFP® See omnystudio.com/listener for privacy information.
Some people invest solely to make a profit, some invest in companies that they think will make a positive impact on the world; ESG investors seek to achieve both. Don digs into environmental, social and corporate governance investments and explains why they are becoming more and more popular. Host: Donald Sowa, CFP®, AIF® *Investments are subject to risk, including the loss of principal. Environmental, social, and governance (ESG) criteria are a set of non-financial principles and standards used to evaluate potential investments. The incorporation of ESG principles provides a qualitative assessment that can factor heavily into the security selection process. The investment’s socially responsible focus may limit the investment options available to the investor. Past performance is no guarantee of future results.See omnystudio.com/listener for privacy information.
Many expected the meme stock revolution to fizzle over time, but the success of these fractional share investors to band together and tilt the scales away from the Wall Street elite has proven so effective that an ETF has been launched to capitalize on the trend. Donna and Nathan talk about this evolution of social investing and the issues that this new index may present. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP® See omnystudio.com/listener for privacy information.
Automated trading platforms like Robinhood have motivated a whole generation of new investors to enter the markets, and many older investors have begun to wonder if they need their advisor at all. Steve and Nathan discuss the types of individuals who tend to benefit most from the financial professional relationship, and those for whom the DIY approach might make more sense. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP® See omnystudio.com/listener for privacy information.
IRAs, Roths, 401Ks, 403Bs, defined benefit plans·with numerous different types of retirement accounts, each with its own unique features and rules, its not surprising that many feel out of their depth when it comes to retirement planning. Don and Donna Grace take some time to cover the important facts to know about these retirement tools. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF® See omnystudio.com/listener for privacy information.
In a booming Real estate market, property ownership seems like a winning investment. But real estate carries a unique set of risks that must be factored in when weighing its value as an investment. Donna and Nathan debate the question, should we think of real estate as an investment? Hosts: Donna Sowa Allard, CFP, AIF & Nathan Beauvais, EA, CFPSee omnystudio.com/listener for privacy information.
As much as the nation feared a market crash amid the pandemic of 2020, it never came close to bear market levels. In this week·s MoneyTalk Moment in Financial History, Steve and Nathan talk about the two most recent bear markets from 2000 and 2008, and the extreme market conditions that preceded them. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
This week was annual Giving Tuesday where Americans focus on giving back to charity, and giving a little less to the IRS while they’re at it. Don and Donna Grace talk about the benefits of using charitable giving to boost your tax deductions ahead of year end. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF®See omnystudio.com/listener for privacy information.
As we approach year end, many investors are looking back at some healthy gains from the past year and setting their expectations for 2022. Don reminds us of the first lesson of investing, that past performance is no indication of future gains, and offers some guidance on planning for the year ahead. Host: Donald Sowa, CFP®, AIF®See omnystudio.com/listener for privacy information.
Inflation has quickly become a major part of our national dialogue, but with the cost of energy exponentially spiking while other sectors like consumer electronics and healthcare remain flat, the story on inflation is not so straightforward. Don and Donna attempt to bring some clarity to the conversation around inflation and the true impact it is having on our daily lives. Hosts: Donald Sowa, CFP®, AIF® & Donna Sowa Allard, CFP®, AIF®See omnystudio.com/listener for privacy information.
We tend to think of the United States as being the birthplace of Capitalism, but the truth is that it started hundreds of years before. On this week·s MoneyTalk Moment in Financial History, Nathan takes us back to a moment when the widespread use of credit combined with the belief that the future would be better than the past gave way to the explosive growth that made the founding of America possible. Host: Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
We spend the majority of our lives working to accumulate wealth, but many neglect to properly plan for what to do once that wealth has been accumulated. Donna and Nathan discuss estate planning, from adding beneficiaries to your retirement accounts to the more complex tax related strategies. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.
Labor shortages have stunted economic recovery efforts, but the bureau of labor statistics recently announced that 6.2% of retired people have returned to work over the past 3 months. Donna takes us through some recent positive trends in employment, and what might be driving individuals 55 and older to backpedal on their retirement plans. Host: Donna Sowa Allard, CFP®, AIF®See omnystudio.com/listener for privacy information.
Steve and Nathan revisit the inflation discussion as it pertains to recent developments in shipping costs and commodities prices. Also, on our MoneyTalk Moment in Financial History we focus on the history of emerging markets, from the explosive growth of today·s developing nations back to the original EM nation: the United States. Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®See omnystudio.com/listener for privacy information.