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It’s our Season 10 finale of The Guided Retirement Show, which means it’s time for Chris Rett, CFP®, AIF® to join Dean Barber as the featured guest. Chris and Dean are going to review 10 questions that everyone should ask themselves before retirement. If you’re planning to retire around three to five years from now, make sure to take some notes and to ask yourself these questions before retirement. Let’s review the questions and then we’ll explain why everyone should think about them before retirement.

10 Questions to Ask Yourself Before Retirement 10. When should I/we start Social Security?

What types of insurance do I need in retirement?
What healthcare and other unexpected costs can I expect in retirement? And how do I plan for them?
How do I plan for inflation and other uncertain economic changes?
When was the last time I reviewed my estate plan? Do I need to make changes? Are my beneficiaries up to date?
Am I emotionally ready to retire? How will I maintain my health in retirement? Have I considered how the transition from work to retirement will affect my mental health and sense of purpose? Do I have hobbies or interests I want to pursue?
How do I account for/plan for taxes in retirement?
How will I generate income in retirement and what is my distribution strategy?
What will my lifestyle be in retirement and have I saved enough money to retire?
What do I want my legacy to be?

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Dean Barber could talk for hours about estate planning mistakes to avoid. On Episode 113 of The Guided Retirement Show, Dean decided to cover some of the most common estate planning mistakes that he and Tim Denker of Denker Law Firm, LLC have witnessed. Tim founded Denker Law Firm, LLC in 2006 and has practiced estate planning and business law since 2003.1 Dean and Tim want you to be informed when it comes to estate planning and are going to 10 mistakes to avoid.

10 Estate Planning Mistakes to Avoid 1. Not preparing an estate plan 2. Not understanding the dangers of will-based trusts 3. Improper asset titling 4. Using free resources without understanding the details 5. Not getting the right people involved—attorneys, CPAs, advisors 6. Doing a disservice to your family, not yourself 7. Knowing the difference between an IRA and 401(k) in estate terms 8. Taking a Set-It-and-Forget It Approach with Your Estate Plan 9. Business owners without a succession plan 10. Not considering beneficiary-controlled trusts

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How can you pay less taxes over your lifetime? That’s a question everyone wants to know the answer to, but there isn’t a one-size-fits-all answer. Everyone’s financial situation is different. Along with explaining the importance of having a forward-looking tax plan as a part of your personalized financial plan, Corey Hulstein, CPA and Marty James, CPS, PFS joined Dean Barber on The Guided Retirement Show to share some tax planning tips.

In this podcast interview, you’ll learn:

The Dynamic of the CFP® Professional and CPA Working Relationship
The Difference Between Tax Preparation and Tax Planning
Considerations When Creating a Distribution Strategy
The Difference Between Charitable Remainder Trusts and Charitable Lead Trusts

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At Modern Wealth Management, we enjoy guiding couples and individuals from various walks of life through the retirement planning process. Hence why we came up with the name of our podcast, The Guided Retirement Show. Many of the case studies we’ve reviewed in our podcasts, articles, and other content have focused on couples retirement planning. Today, Will Doty, CFP®, AIF® and Dean Barber are going to dive into a case study that geared toward all the single folks out there. Everyone’s situation is unique when it comes to retirement planning, whether you’re retiring single or married. Maybe you’ve been single for most or all your life. Or maybe you were married and are now single following a divorce or death of a spouse. No matter your situation, you need to have a plan for retirement. In this article and podcast, we’re going to run through a case study of someone retiring single with $1.5 million in retirement savings. Let’s review some things they’ll need to think about.

In this podcast interview, you’ll learn:

The difference between the three tax buckets
How to determine your plan’s probability of success
What IRMAA stands for and how it works
The importance of having a personalized financial plan

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As Modern Wealth Management continues to grow, one of the additions we’re very excited about is our office in Rochester, New York. Our Rochester-based team members specialize in 401(k) plans, which are typically people’s largest asset as they head into retirement. So, we figured it would be good idea to have Michelle Cannan, CPFA™, QKA®, QKC, our head of company retirement plan services and managing director of our Rochester office, join Dean Barber on The Guided Retirement Show to discuss how a 401(k) plan works and many other nuances about 401(k)s.

Along with covering how a 401(k) works for plan participants, Michelle will share a little bit about the roles of the plan sponsor and plan provider.

In this podcast interview, you’ll learn:

How Our Team of Retirement Plan Advisors Works with 401(k) Plan Sponsors
The Roles of Retirement Plan Advisor, Record Keeper, Sponsor, and Participant with How a 401(k) Plan Works
How 401(k) Plan Automatic Enrollment Works
Roth vs. Traditional Considerations

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As we attempt to help educate people about market sentiment, we’ve continued to welcome back AllianceBernstein’s David Mitchell as a guest on The Guided Retirement Show. David last appeared on The Guided Retirement Show with Dean Barber in October 2023 to give his market outlook and review market trends from the previous six months.

Dean and David will review some of the things they discussed during that episode. David will also review the last six months of market performances again and give his updated market outlook to help people develop a better understanding of market sentiment.

Note: This was recorded on April 2, which was before the March inflation report was released.

In this podcast interview, you’ll learn:

Shorter-Term Treasuries Oftentimes Are Closely Tied to the Fed Funds Rate
Longer-Term Treasuries Attempt to Price in Future Growth and Inflation
The Fed’s Challenges with Trying to Engineer a Soft Landing
What Opportunities Dean and David Are Looking at in Equities and Fixed Income

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Estate planning can be a complicated issue. It can run smoothly or there can be a lot of pitfalls that you don't foresee. As Matt Kasper, CFP®, AIF® makes his third appearance on The Guided Retirement Show, he and Dean Barber will go over some key items for successor trustees while discussing the importance of having a solid estate plan and being transparent about your wishes with the next generation.

In this podcast interview, you’ll learn:

The two distinct sides of an estate plan
Differences between will-based and trust-based plans
The roles of co-trustees, successor trustees, corporate trustees, and contingent successor trustees
Estate planning is individual

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Wealth Planning: Securing Your Financial Future with Jeremiah Johnson, AIF® Show Notes A lot of people think that wealth planning is just about the management of money. That is part of wealth planning, but it’s far from being the only part. Modern Wealth Management Managing Director Jeremiah Johnson, AIF® is going to elaborate on that with Dean Barber on The Guided Retirement Show. Having a good understanding of what wealth planning is all about is pivotal to securing your financial future.

In this podcast interview, you’ll learn:

Wealth Planning Is More Than Managing Your Money
Why It’s Important to Have a Financial Planning Team That’s Working for You
What It’s Like to Be the CEO of Your Retirement
The Meaning of Financial Independence

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Planning to Retire on $10,000 a Month Show Notes How much do you think you need each month to spend in retirement? There are many factors that will go into determining that number. On this episode of The Guided Retirement Show, Logan DeGraeve, CFP®, AIF® and Chris Rett, CFP®, AIF® are going to walk you through a case study that looks into how much money you would need to spend $10,000 net a month in retirement.

Before they get started, they want to make something very clear. Everyone isn’t going to want to spend $10,000 net a month in retirement. For some people, that will be way more than they need each month. For others, it might not be enough. And there might be some people that spending $10,000 net a month in retirement is just right. This is strictly an example that Chris and Logan will be going through to highlight the planning that’s needed to retire if you’re wanting to spend $10,000 net a month.

In this podcast interview, you’ll learn:

Key considerations for building a spending plan for retirement
Things to think about when claiming Social Security
Important tax considerations
How to interpret a Monte Carlo simulation

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Drew Jones, CFP®, AIF® has a passion in working with small business owners, helping them get their business to be as valuable as it can possibly be before facilitating an exit strategy. As Drew makes his third appearance on The Guided Retirement Show, he and Dean Barber will discuss what small business owners need to do when it comes to retirement planning.

In this podcast interview, you’ll learn:

The Challenges and Opportunities of Retirement Planning for Small Business Owners
Retirement Planning for Small Business Owners Is a Long Process
Key Retirement Planning Considerations for Small Business Owners
Your Business Is Your Biggest Asset If You’re a Small Business Owner

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Making his third appearance on The Guided Retirement Show, Marty James, CPA, PFS joins Dean Barber to discuss how to qualify for Affordable Care Act subsidies. Qualifying for the Affordable Care Act subsidies can greatly reduce the cost of health insurance prior to becoming eligible for Medicare. Who doesn’t want that?! Marty and Dean are both excited to touch on this topic, so let’s see what they have to share.

In this podcast interview, you’ll learn:

Aspects of the Affordable Care Act That Can Help People Who Need Financial Assistance with Health Care
How Someone Who Has Accumulated A Lot of Money Can Benefit from Affordable Care Act Subsidies
Affordable Care Act Subsidies Before and After 2026
How to Utilize Roth IRAs and HSAs

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Back for his eighth appearance on The Guided Retirement Show, LSA Portfolio Analytics President and Founder Brad Kasper joins Dean Barber to discuss growth vs value investing in 2024. Brad shares that value could potentially outperform growth as we look at investing for the rest of the year. Why might he think that? Brad has plenty of data to share with Dean to back up his reasoning.

In this podcast interview, you’ll learn:

Dean and Brad’s Assessment of the Markets for 2023 and Predictions for 2024
Attractive Opportunities in the Bond Market
The S&P 500 Equal-Weight Outperformed the S&P 500 Cap-Weight in 2023
Growth vs Value Investing Over Different Time Periods

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Our Director of Investments, Stephen Tuckwood, CFA, has quickly become one of the most frequently featured guests on The Guided Retirement Show. For the Season 10 premiere, Tuck and Dean Barber will discuss the critical topic of constructing the right portfolio via strategic investing as you transition into and go through retirement. They’ll discuss the nuances of proper portfolio construction and the changing dynamics of investment rules during the retirement phase.

In this podcast interview, you’ll learn:

There's a Change in Mindset with Investing While in the Retirement Redzone
Asset Allocation Is More Important Than Stock Selection
Pure Asset Allocation vs. Strategic Asset Allocation
The Three Tax Buckets
Active vs. Passive Management

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As we brainstormed for what to cover in Episode 101 of The Guided Retirement Show, we thought it would be fitting to go back to the basics with some Retirement Planning 101. Just as he’s done for the past several season finales, Chris Rett, CFP®, AIF® will join Dean Barber again to explore the fundamentals of retirement planning.

Chris and Dean will bring you a comprehensive breakdown of the BRITE acronym—Bookkeeping, Risk Management, Investments, Taxes, and Estate Planning. Join us on this Retirement Planning 101 journey to uncover the brilliance behind each element. We’re committed to offering you valuable insights for your path to a secure retirement.

In this podcast interview, you’ll learn:

The Retirement Planning 101 Basics Are All Connected
It’s Critical to Work with a Team of Professionals Throughout the Retirement Planning Process
What to Consider with Setting Up a Spending Plan for Retirement
The Power of Forward-Looking Tax Planning

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We have a very special guest for a very special episode of The Guided Retirement Show. We’re thrilled to have soon-to-be retired Modern Wealth Executive Advisor Bruce Godke join Dean Barber for our 100th episode!

Bruce joined Dean in the financial industry 18 years ago and is getting ready to embark upon an amazing journey. And as part of this amazing journey, Bruce is launching a nonfinancial life planning program, Your Encore, at Modern Wealth. Today, Bruce and Dean are going to talk about some important aspects nonfinancial life planning to help people prepare for retirement.

In this podcast interview, you’ll learn:

There Are Financial and Nonfinancial Life Planning Aspects of Retirement Planning
Some Exciting Details About the Nonfinancial Life Planning Program Bruce Godke Will Be Leading at Modern Wealth
The Importance of Defining Your Retirement Lifestyle
How to Be the CEO of Your Retirement

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For the second time in 2023, Anchor Capital CEO and Portfolio Manager Garrett Waters is joining Dean Barber on The Guided Retirement Show. Earlier this year, Garrett and Dean discussed investment risk for 2023. Now that 2023 is coming to a close, Garrett is returning to do a 2023 market year in review and 2024 market outlook. He and Dean will talk about the stock market, bond market, and economy.

In this podcast interview, you’ll learn:

The Ups and Downs of Liquidity in 2023
The S&P 500 and NASDAQ Entered Correction Territory in Q3, but Have Since Bounced Back
Federal Reserve Plans to Keep Rates Higher for Longer
Some of the Economic Impact of the Wars in Ukraine and Gaza
The 10-year Treasury Has Experienced A Lot of Volatility

Garrett's Other Appearance: https://youtu.be/PIyZj5rPZq4

America's Wealth Management Show: https://www.youtube.com/@AmericasWealthManagementShow

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We’re thrilled to have one of Modern Wealth Management’s newest team members, Marty James, CPA, join Dean Barber on The Guided Retirement Show. This will actually be Marty’s second appearance on the podcast, though. He previously joined Dean to discuss tax planning strategies in August 2022. On this episode, Marty and Dean will talk about some very specific tax strategies when it comes to HSAs.

Marty believes that HSAs are one of the most underutilized and misused part of the tax code. He’s going to explain why that is and how to use your HSA effectively.

In this podcast interview, you’ll learn:

The Misconceptions About HSAs
How to Maximize Your HSA
Examples of Expenses Covered by HSA Plans
Why You Should Look at an HSA as a Retirement Savings Account

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David Mitchell makes his fourth appearance on The Guided Retirement Show to share his outlook for the markets and economy. He’s in his 19th year with AllianceBernstein and serves as the managing director for AllianceBernstein’s RIA and private banks in its Upper Midwest and Central division. He’s basically one of four specialists at AllianceBernstein in North America.

AllianceBernstein, which aggregate manages around $700 billion globally for every type of client you can imagine. That includes large institutions, pension funds, sovereign wealth funds, and then private clients here in the United States.

David last appeared on The Guided Retirement Show in April. He’s going to review what has happened since then and share his current market outlook.

In this podcast interview, you’ll learn:

How the Cap-Weighted S&P 500 Compares to the Equal-Weighted S&P 500
Money-Market Funds Eclipse $6 Trillion in Assets
Why Bonds Performed So Poorly in August and September
Why There’s a Big Opportunity in the Bond Market

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On Episode 95 of The Guided Retirement Show, Dean Barber and Jason Gordo discussed why it’s critical to work with a team of financial professionals rather than just one financial advisor. They specifically talked about having the “three C’s” working for you—a CFP® Professional, CPA, and CFA. That episode served as a perfect segue for today’s episode, as Logan DeGraeve, CFP® and Corey Hulstein, CPA will describe the working relationship between a CFP® Professional and CPA.

Corey and Logan spend a lot of time working with clients on their individualized tax plans. So, they’re going to share specific tax situations that they've helped clients with over the past year.

In this podcast interview, you’ll learn:

The importance of forward-looking tax planning.
How to go about tax bracket management.
Things to consider with charitable giving.
There Are Several Tradeoffs Throughout the Retirement Planning Process

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Have you ever been a CEO? Whether you have been or not, you’re going to have the opportunity to be one during one of the best times of your life. That’s because if you have the right mindset about it and have the right team around you, you’ll be the CEO of your retirement. However, a CEO is only as effective as the other team members of the company. The same goes with being the CEO of your retirement. That’s why Modern Wealth Management President Jason Gordo is joining Dean Barber on The Guided Retirement Show to discuss our team approach to financial planning for retirement.

In this podcast interview, you’ll learn:

What It Means to Be the CEO of Your Retirement
Our Team Approach to Financial Planning for Retirement
What It’s Like to Work Together with a CFP® Professional, CPA, and CFA
How to Gain More Confidence, Freedom, and Time in Retirement

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It’s hard to believe that we’re approaching the 100th episode of The Guided Retirement Show. But before we release that special episode later this season, we want to reflect on The Guided Retirement Show’s first two episodes. They were released back in 2019 and focused on Roth vs. traditional IRAs.

Along with looking back at what all has changed in the tax code that impacts the Roth vs. traditional decision, we need to take a forward-looking approach during this discussion. That’s because there are new tax laws scheduled to start in 2026 after the Tax Cuts and Jobs Act sunsets.

There a lot of things that need to be considered when choosing between Roth and traditional. Modern Wealth Management Managing Directors Dean Barber and Bud Kasper and Director of Tax Corey Hulstein, CPA are going to review those considerations.

In this podcast interview, you’ll learn:

The Difference between Roth vs. Traditional
Tax Rates Are Scheduled to Go Up in 2026 After the Tax Cuts and Jobs Act Sunsets
Some of the Key Changes with SECURE 2.0
The Ins and Outs of the Roth Five-Year Rules

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Our featured guest on this episode of The Guided Retirement Show is a very familiar one. LSA Portfolio Analytics President and Founder Brad Kasper made his seventh appearance on the podcast, as he joined Dean Barber to discuss some of the latest news with the economy, markets, interest rates, and the Fed’s monetary policy tools.

The last time Brad appeared on The Guided Retirement Show was a little more than a year ago. It was a very tumultuous time for the Federal Reserve, so Brad broke down the multiple headwinds that the Fed and the markets were facing. A lot has happened in the 13 months since Brad and Dean last discussed that, so you won’t want to miss their conversation on the Fed’s monetary policy tools and latest actions.

In this podcast interview, you’ll learn:

How Historic Last Year’s Fixed Income Drawdown Was
Jerome Powell’s Latest Outlook
The Massive Wall of Private Credit
The Difference Between a Recession and a Richcession

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After making his Guided Retirement Show debut in May, Modern Wealth Management Director of Investments Stephen Tuckwood joins Dean Barber again to talk about direct indexing and custom indexing. Tuck is a Chartered Financial Analyst and wants you to have a good understanding of tax-efficient investing. It’s a big deal.

When we think about people who have invested money outside of retirement accounts, taxes can be a big wealth eroding factor and take away from the total return. That’s why we’re going to focus today on tax-efficient investing and in particular, direct indexing, which is fairly new to the average investor.

In this podcast interview, you’ll learn:

The theory behind direct indexing and its structure
How to remain diversified via direct indexing
The benefits and drawbacks of direct indexing

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http://guidedretirementshow.com/90Defining True Wealth with Ken Osiwala Show Notes What is the true definition of true wealth? It’s been a hot topic lately on America’s Wealth Management Show with Dean Barber and Bud Kasper. Today, Ken Osiwala joins Dean on the The Guided Retirement Show to give his definition of true wealth on and explain how a lot of people define true wealth differently.

In this podcast interview, you’ll learn:

The definitions of financial wealth, health wealth, time wealth, and social wealth.
There’s more to defining wealth than how much money you have.
You have a mindset change when you enter retirement.
The importance of family financial planning.

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8 Questions Retirees Are Asking with Chris Rett Show Notes We’ve reached the end of Season 8 of The Guided Retirement Show, which means Modern Wealth Management Lead Advisor Chris Rett is joining Dean Barber again for another season finale. This is the fourth time that Chris has joined Dean to address various questions about retirement. If you missed those episodes or want to tune into them again, you can do so via the links below.

Episode 51 – Addressing You: Answering Questions from Our Listeners
Episode 68 – Mail Bag: Answering More Questions from Our Listeners
Episode 78 – 20 Retirement Questions You Should Be Asking

In this episode, Chris and Dean will be addressing eight questions that retirees are asking. These questions that retirees are asking have been frequently asked by our clients and prospective clients. If you’re retired or are planning for retirement, you need to know the answers to these questions as well, so make sure to follow along.

In this podcast interview, you’ll learn:

How to Go About Finding Out If You Have Enough to Retire … and If You Can Stay Retired
Why CDs, Bonds, and Treasuries Are Attractive Right Now
How to Fight Off Inflation
Why Roth Conversions Are So Appealing Right Now

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So many people want to know the answer to the question, “How much do I need to retire?” More and more people have become less and less patient with getting that answer and just use a retirement calculator that gives them a quick answer. But we can guarantee that isn’t the right answer. Those retirement calculators don’t factor in so many important items—such as inflation, Social Security, Required Minimum Distributions, and your goals for retirement. Those are all components of a complete financial plan, which is what you need to figure out how much you need to retire.

Logan DeGraeve joins Dean Barber on The Guided Retirement Show to review the components of a complete financial plan. These are critical things to think about before and during retirement, so you won’t want to miss what Dean and Logan have to share.

In this podcast interview, you’ll learn:

The differences between traditional and Roth 401(k)s/IRAs.
Your goals are a crucial component of your financial plan.
Taxes and health care are the two biggest wealth-eroding factors in retirement.
The components of a complete financial plan should come together to take you to and through retirement … and maybe legacy is important to you as well.

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The month of May is a time for many exciting things: graduations, family vacations right after school is out, the beginning of pool season—the list goes on. May also marks Older Americans Month. Older Americans Month allows Modern Wealth Management Managing Director Dean Barber to reflect upon his career in the financial services industry and what it’s meant to him.

On this episode of The Guided Retirement Show, Dean is going to share a story about how his grandfather taught him so many important things in life, including how to find success in his career. Dean has continued to learn from hundreds of other older Americans throughout his career as he’s helped guide them to and through retirement. Let’s hear more from Dean about what Older Americans Month means to him.

In this podcast interview, you’ll learn:

What Dean has learned from older Americans, including his grandfather and hundreds of clients
How Dean is carrying on his mission of helping others from Barber Financial Group to Modern Wealth Management
The importance from learning about work ethic, honesty, and integrity from older Americans
The difference between an investment portfolio and comprehensive financial plan

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Two weeks ago on America’s Wealth Management Show, Modern Wealth Management Co-Founder and President Jason Gordo and Managing Directors Dean Barber and Bud Kasper told everyone to stay tuned for more exciting news. We’re thrilled that we can share that news with you today on The Guided Retirement Show. As we build our investment management team at Modern Wealth Management, we’ll be doing so with our newest team member, Director of Investments Stephen Tuckwood, at the helm.

Stephen, AKA “Tuck,” joined Dean on The Guided Retirement Show to share a little bit about his background, proper portfolio construction, investment risk, and how a good CFP® Professional that has access to a Chief Financial Advisor can make a major difference in your portfolio.

In this podcast interview, you’ll learn:

The Background of Modern Wealth’s Director of Investments, Stephen “Tuck” Tuckwood
What Goes into Proper Portfolio Construction?
The Relationship Between a CFP® Professional and Chief Financial Advisor
The Importance of Taking Your Emotions Out of Investing

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When discussing things to consider before retiring, many people immediately start to think about things related to their finances. And with good reason. There are several things that need to be considered to ensure that your financial life is in order heading into retirement. But retirement isn’t all about money. What about your goals? If you’re married, what’s your spouse’s plan for retirement?

As Dean Barber and Drew Jones review things to consider before retiring on The Guided Retirement Show, one of the main things they’ll discuss is determining what you want your lifestyle to look like in retirement. Pay close attention to what Dean and Drew have to say so that you can define your retirement lifestyle prior to retirement and build a financial plan around that desired lifestyle.

In this podcast interview, you’ll learn:

Why you need to mentally prepare for retirement.
Your retirement is unique to you, but it isn’t solely about you.
Time and health are some of our biggest assets.
What to consider with a budget and balance sheet in retirement.
To think about how much you’re saving and where you’re saving to.

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David Mitchell and Dean Barber discuss the market and economy over the past two years since they last spoke in March 2021. They'll also dive into what they see as the long-term outlook for the markets and more.

In this podcast interview, you’ll learn:

What has Happened in the Markets and Economy since March 2021
How the Bond Market Is in Territory Unseen Since the 18th Century
What Dean and David Think Will be the Long-Term Outlook in the Markets
Why it's Important to Have a Forward-Looking Retirement Plan

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If you’ve been around Dean Barber recently and have noticed that he’s smiling even more than usual, we might know the reason why. He just got to talk with Will Doty about his favorite part of the tax code—Roth IRAs—on The Guided Retirement Show. More specifically, Roth conversions before and after retirement.

A lot of people might think that there’s nothing to smile about within the tax code. Well, it’s still easy to feel that way, but former Delaware Senator William Roth did his best to change that in the late 1990s when he created the Roth IRA. Dean says it’s the best part of the tax code because the money in a Roth IRA becomes tax-free if you follow to rules. Dean and Will are looking forward to elaborating on that in this episode.

In this podcast interview, you’ll learn:

The Perks of the Roth IRA Being Tax-Free
How to Get Money into a Roth IRA
What to Consider When Deciding to Contribute to Roth or Traditional
The Roth IRA Five-Year Rule
How Medicare Premiums and Claiming Social Security Factor into Roth Conversions Before and After Retirement

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In the first couple months of 2023, one of the things we’ve been trying to do is highlight how the newest tax rules affect you. A lot of people have been wondering what exactly Congress was thinking with some of those new tax rules.

However, there were some welcomed changes from Congress with the SECURE Act 2.0. How does the SECURE Act 2.0 compare to the SECURE Act? America’s IRA Expert Ed Slott joins Dean Barber on The Guided Retirement Show to help explain the ins and out of the SECURE Act 2.0.

In this podcast interview, you’ll learn:

How the Original SECURE Act Was a Game-Changer for Retirement Planning and Legacy Planning.
What’s New with the SECURE Act 2.0?
Why Roth Accounts Are Even More Advantageous Now
How to Clear Up the RMD Age Confusion

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Whenever Dean Barber discusses investments, it’s hard for him not to think of a famous quote from Berkshire Hathaway CEO Warren Buffett. Be fearful when others are greedy, and greedy when others are fearful. Understanding investment risk can be difficult if you let emotions like fear and greed take over at the wrong times. How do you combat the fear of missing out when it comes to investing? Dean and Anchor Capital CEO Garrett Waters will discuss exactly that and much more about investment risk in this episode of The Guided Retirement Show.

In this podcast interview, you’ll learn:

How to Remove the Emotion from Investing
Combating the Fear of Missing Out When Investing
How to Decide Whether to Be More Defensive or More Aggressive
Looking at Investment Risk First Rather Than Returns

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When we’re trying to find out what’s most important to people in their retirement, one of the most common answers is spending time with family. Many of those people are also passionate about gifting money to the next generation(s) so that their loved ones are in good hands financially after they pass on. The ins and outs of estate planning are very important, but also quite complex. That’s why we’re having Matt Kasper, CFP® join Dean Barber to discuss Family Financial Planning.

In this podcast interview, you’ll learn:

The four main components of a financial are all connected, and they impact not only yourself, but the next generation.
Communication is critical with family financial planning.
The differences between a will and a trust.
Investments aren’t the main focus with family financial planning.

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With tax filing season officially underway as of January 24, we want to review the advantages of doing tax planning during tax preparation season. It’s important to realize that tax compliance and tax planning aren’t one in the same, though. Our Director of Tax, Corey Hulstein, joins Dean Barber on The Guided Retirement Show to discuss some tax planning strategies to consider during tax preparation season.

In this podcast interview, you’ll learn:

How we go about minimizing taxation for someone not just in one calendar year, but over their lifetime.
There’s a big difference between figuring out your quarterly estimates and doing forward-looking tax planning during tax preparation season.
Why QCDs and donor-advised funds could work for you if you’re charitably inclined.
It’s important to have your CPA and CFP® Professional working together.
Why it’s critical to do tax bracket planning and think about how much of your Social Security can be taxable.

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We’re thrilled to get the ball rolling with Season Eight of The Guided Retirement Show. Season Eight begins with a familiar guest, as Garner Insurance Agency, LLC Owner Taylor Garner returns to The Guided Retirement Show. Taylor last appeared on the podcast in March to discuss health care costs in retirement. For this episode, he and Dean Barber will talk about Medicare changes in 2023.

In this podcast interview, you’ll learn:

There was an historic 8.7% Bump in the 2023 Cost-of-Living Adjustment for Social Security recipients
We received some good news on the Medicare Part B premium front as well
Inflation is at the root of the Medicare changes in 2023
As always, it’s important to plan ahead when considering Medicare changes
The pros and cons of group health insurance vs. Medicare

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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For the Season 7 finale of The Guided Retirement Show, Chris Rett joined me to answer questions in a mailbag format. We’re sticking with the same idea of answering important retirement questions for our loyal listeners but are switching things up a little bit for the Season 7 finale. This time, Chris and I have compiled a list of 20 retirement questions that people should be asking their financial advisor.

Whether you’ve only been thinking about a couple of these retirement questions or all 20, I encourage you to listen closely to my conversation with Chris. Chris and I educate ourselves every day by asking questions. You can do the same by asking yourself questions like the 20 retirement questions that we’re about to review.

In this podcast interview, you’ll learn:

It’s critical for your financial plan to be goals-based when you’re planning for retirement.
A financial plan and an investment strategy aren’t one in the same.
How tax planning, Social Security planning, estate planning, and risk management serve as financial planning pillars
Each of your retirement questions should all lead back to your financial plan.

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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In a change of pace for the holiday week, Dean speaks to our listeners about tax planning opportunities and what he is thankful for looking toward 2023.

In this podcast interview, you’ll learn:

Charitable giving through Qualified Charitable Distributions (QCDs)

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With Thanksgiving right around the corner, I’ve started to think a lot about the things I’m think for. Of course, there’s my family, great friends, and everyone that trusts me to help them with various aspects of financial planning. But another thing I’m obviously thankful for is my home. So, I figured this would be a great opportunity to discuss some key mortgage tips to think about when financial planning for people of different ages.

I’m excited to have Tim Kay, who is a branch manager at Guild Mortgage to help me review those mortgage tips on The Guided Retirement Show. We’ll discuss mortgage tips for people looking to buy their first home, people who might be looking to buy a summer or winter home in retirement, and so much more.

In this podcast interview, you’ll learn:

How today’s housing market compares to the Great Recession.
When and when not to refinance your home.
Mortgage tips to consider for people who are looking to buy their first home, second home, and so on.
What is a HELOC (home equity line of credit)?

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Financial planning and serving others are big passions of ours at Barber Financial Group. Our Chief of Staff, Chad Webb, committed himself to serving others long before he arrived at Barber Financial Group in May 2021. Chad served our country for 21 years in the United States Marine Corps, attaining the rank of First Sergeant. Chad still maintains regular contact with his Marine brothers, but wanted to do something special for all veterans with Veterans Day coming up. It’s important to Chad for people to fully understand the financial planning opportunities available to veterans. It’s my honor to have Chad join me on The Guided Retirement Show to review financial planning for veterans, as we thank all veterans for their service to our great country.

In this podcast interview, you’ll learn:

There are many educational resources available to active service members and veterans.
Transition Readiness Seminars highlight financial planning for veterans and much more.
What a Thrift Savings Plan is and how to go about using it.
You can utilize all the benefits related to financial planning for veterans if you don’t do your research.

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Acronyms can sometimes make things easier to understand or remember, but there are a few of them that relate to your retirement that are very complex. Two of them are RMDs (Required Minimum Distributions) and the SECURE Act (Setting Every Community Up for Retirement Enhancement). The rules for RMDs have changed due to the SECURE Act, and it's vitally important that you understand them

In this episode of The Guided Retirement Show, Will Doty joins me to explain RMDs, tax planning opportunities surrounding RMDs, how RMDs factor in when leaving money behind for the next generation, and so much more.

In this podcast interview, you’ll learn:

How the rules for RMDs changed because of the SECURE Act
Why the SECURE Act is secure in name only
When to start thinking about RMDs
How to plan around taking your RMDs

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As many Barber Financial Group clients have come to realize, it’s critical to have a CFP® Professional and CPA working together on your financial plan. That collaboration is key so that nothing gets overlooked within your plan from a tax planning perspective. Our tax team has long been committed to forward-looking tax planning, not only during tax season, but year-round. They’re looking forward to building upon that commitment and analyzing the impact of taxes in retirement now that we’ve formed a strategic partnership with Retirement Tax Services.

In this episode of The Guided Retirement Show, Retirement Tax Services Founder and Owner Steven Jarvis shares what his company is all about, and how he’s in full agreement with our form about the importance of CFP® Professionals and CPAs collaborating to do what’s in the best interest of the clients.

In this podcast interview, you’ll learn:

Why it’s crucial to create tax diversification.
That the tax code can be a little less complicated with professional help.
Why the SECURE Act is secure in name only.
How to avoid “tipping the IRS.”
Why Barber Financial Group and Retirement Tax Services are so passionate about tax planning.

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There are a lot of things that are misunderstood about private equity markets. And somewhat understandably so. The landscape of private equity markets has changed considerably over the past few years to the point where individual investors can now participate. Michael Faciana joins Dean Barber on The Guided Retirement Show to help explain the many nuances of private equity.

In this podcast interview, you’ll learn:

The landscape of private equity has changed immensely in recent years, and it’s possible for individual investors to take part in it.
There have been benefits of private equity funding private corporations longer.
How companies like Amazon, Google, Apple, and Microsoft started out of someone’s garage.
Why companies are staying private longer.

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Whether it’s the markets, interest rates, inflation, political and geopolitical environments, or the complicated and ever-changing tax code, uncertainty seems to be everywhere we look in 2022. While uncertainty can be overwhelming, there are many ways to mitigate it. The first step is to overcoming uncertainty is to start a comprehensive, forward-looking financial plan. Logan DeGraeve and I look forward to highlighting how the different components of a financial plan can help you overcome uncertainty on the latest episode of The Guided Retirement Show.

In this podcast interview, you’ll learn:

How a financial plan can give you clarity, which leads to a sense of confidence and control leading up to and through retirement
Having an up-to-date estate plan is critical to mitigating uncertainty in your financial life
Different tax planning strategies and how they can help with overcoming uncertainty
That your spending plan will change throughout the different stages of retirement

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In this podcast interview, you’ll learn:

How a financial plan can give you clarity, which leads to a sense of confidence and control leading up to and through retirement
Having an up-to-date estate plan is critical to mitigating uncertainty in your financial life
Different tax planning strategies and how they can help with overcoming uncertainty
That your spending plan will change throughout the different stages of retirement

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/70

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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We talk about tax planning strategies a lot at Barber Financial Group, and with good reason. There's a misconception that tax planning strategies are only applicable for the ultra-wealthy, but that's far from being true. To help me convey that important message, one of my good CPA friends, Marty James, is joining me on Guided Retirement Show.

In this podcast interview, you’ll learn:

The goal is to not pay the least amount of taxes over one year, but over your lifetime.
When the best times are to do a Roth conversion
The role Social Security plays when you're looking at tax planning strategies
Why it's critical to have tax diversification

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Welcome to Season 7 of The Guided Retirement Show! In our season premiere, I welcome back a return guest to the podcast in LSA Portfolios Analytics President Brad Kasper to discuss the many headwinds that the Fed and the markets are currently facing. And, boy, there are some significant ones. They include, but aren’t limited to:

Supply chain issues
Inflationary pressures
Slowing inflationary without sending the economy into a recession (AKA: engineering a soft landing)
Ongoing market volatility

In today's episode, Brad and I will go in depth on each of those headwinds that the Fed and markets are facing and how it impacts you. The bottom line is that having a financial plan is crucial right now.

In this podcast interview, you’ll learn:

The ins and outs of the challenge the Fed has on its hands with engineering a “soft landing.”
How this market decline compares to market declines of the past.
Why all bonds aren’t created equal.
What we can learn from PE ratios.
Why our country has a spending problem.

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Every week, our listeners send us questions on YouTube and through email–and every season, we try to answer as many of them as we can. The first time around, we had the privilege of speaking with Chris Rett, CERTIFIED FINANCIAL PLANNER™, and he kindly made time to join us for this episode as well.

While we can’t give perfect guidance for your specific financial situation in an episode of a podcast, we do have a special offer for you as a listener of the Guided Retirement Show. Simply click here to schedule a 20-Minute Ask Anything session with one of our CERTIFIED FINANCIAL PLANNER™ professionals, and we’ll be in touch to help you chart a course toward a smart, sustainable retirement.

In this episode, Chris and I dig into a wide array of topics, including how to accurately estimate your income and taxes in retirement, how to determine which retirement vehicle is best suited to your needs, and a ton of other issues facing people in their pre-retirement and early retirement years.

In this podcast interview, you’ll learn:

How to calculate your estimated retirement income.
What Biden’s executive order to “do away with money and go digital” actually did.
Why the government simply can’t take away your 401(k) and bank accounts.
How to determine whether to pay off more of your mortgage or invest that money in the market.
The common misconceptions surrounding Roth IRAs.
How COLA benefits affect your Social Security income.

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If you don’t understand the rules of IRAs, bad things happen. With the wrong portfolio, you may find yourself hearing people tell you what you could’ve, should’ve, and would’ve done–and those little decisions can add up to make some big differences.

If you don’t want to wake up to an unpleasant tax surprise in retirement, today’s episode is for you. Once again, I’m speaking to Ed Slott, America’s IRA Expert. He’s been teaching financial advisors about the ins and outs of IRAs for decades, and he’s returned to the podcast to share lots of great new information on this extremely complex topic.

In this conversation, Ed and I discuss why retirees often get such bad guidance, the new time bombs ticking in the world of retirement (and how best to avoid them), and why now may very well prove to be the best time in your life to pay taxes for years (or decades) to come.

In this podcast interview, you’ll learn:

Why bad tax planning does the most damage to people with the biggest retirement savings.
How changes to the tax codes have created a number of new “time bombs” for retirees to worry about.
Why the SECURE Act took away many of the greatest benefits of holding retirement accounts.
The one document that’s more important than your trust that so many retirees fail to recognize the value of.
Why IRAs or 401(k)s can no longer be passed on to your children.
What makes “defer, defer, defer” such a bad tax strategy right now.
Why now is the right time to find a great financial advisor.

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Almost everyone knows at least a little about investing stocks and bonds. However, far fewer individual investors are familiar with how to invest in currencies and commodities–and of that select group, even fewer know how to generate returns, regardless of the directions these four asset classes are moving.

Today’s guest, John Hampton, serves as Executive Director at An Alternative Investment Manager. Over the last 50 years, he’s used systematic models to trade in these alternative asset classes on behalf of his investors.

In this conversation, John and I discuss why stocks and bonds get so much of the attention in the mainstream media, how to create a bidirectional investment strategy without setting yourself up to get burned, and how to find someone who can help you safely make these asset classes part of your portfolio.

In this podcast interview, you’ll learn:

Why CNBC, Bloomberg, and other outlets are so fixated on stocks and bonds.
The four core components and major markets of bidirectional investing–and what makes it so risky as an individual investor.
How alternative assets can help investors make money in times of rampant inflation.
How algorithmic investing can take greed and fear out of the marketplace.
Why black swan events like 9/11 and the COVID-19 pandemic prove the importance of good financial guidance.

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For many people, the 401(k) is their largest asset. From the moment you take your first job, your employer may automatically enroll you into a 401(k), but the plan administrator rarely has your best interests in mind–and barely knows your name.

So, how do you personalize the 401(k) to your unique needs and ensure that it will help take you through retirement and beyond? To answer that question, I’m excited to talk to Drew Jones. He’s a CERTIFIED FINANCIAL PLANNER™ who specializes in working with people aged 55 and older, helping them create holistic financial plans using a combination of financial and insurance products, tax reduction strategies, and proper estate planning.

In today’s episode, Drew walks me through how he works with new clients looking to talk about retirement. You’ll learn how to assess risk in your financial plan, how to use different retirement vehicles to best suit your unique needs, and ensure that you’ll be able to protect your spouse or family should the worst happen.

In this podcast interview, you’ll learn:

Why employers often fail to personalize 401(k) plans to meet employee needs.
What makes a typical 401(k) plan riskier than people think they are–and how Drew helps his clients reallocate their assets.
The difference between a traditional or a Roth 401(k) and how to choose which will best serve you.
How to stress test your portfolio.
The key questions you need to ask as you build out your retirement plan.

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We’ve seen incredible growth in the alternatives market over the last several years, and plenty of secondary markets have emerged for corporate investments. But what do you do if you want to invest in assets like real estate investment trusts (REITs)? These investment vehicles come in all shapes and sizes. Some have been wildly successful, and others have been complete and total flops.

To help us improve our understanding of these investments, I’m thrilled to welcome Brian King. Brian is the CEO of Realto, a marketplace for non-traded securities that would otherwise be illiquid. Institutional and even retail buyers can use platforms like Realto to buy positions in REITs.

In our conversation, we explore why you might (or might not) want to invest in private markets, how a platform like Realto helps determine the actual value of illiquid assets, and the alternative marketplaces he sees emerging in the months to come.

In this podcast interview, you’ll learn:

Why it’s so hard to know what you’re specifically investing in when working through broker/dealer channels.
Why real estate is by nature illiquid–and why so many REITs have never had liquidity events.
Why you should be wary of letters from McKinsey, CMG, and Comrit.
How real estate can act like a bond on steroids when an asset performs well.
Why a marketplace for private debt and private equity is in Brian’s future.

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Many people think that claiming Social Security is a simple process–that is, until they do it.

Ken Sokol is living proof of this. He retired from his engineering career at Hallmark in the early 2000s at the age of 54. Soon, he found himself digging deep into how Social Security claims actually worked, became a traveling lecturer on the topic, and joined the National Academy of Social Insurance–a think tank based in Washington, D.C. working to help retirees understand the choices they make and what’s really at stake when it comes to Social Security.

In today’s episode, we discuss strategies you can do, and mistakes to avoid, when claiming Social Security. We’ll cover why your retirement distribution strategy could be the difference between bringing in, or losing, more retirement income. Additionally, we’ll review some financial questions you should be asking yourself as you prepare for retirement.

In this podcast interview, you’ll learn:

How provisional income limits work–and why you stand to lose more money than you think you do by making mistakes in your claims.
Why boomers are going to blow away life expectancy tables–and how to build a financial plan that takes this into account.
Why choosing to withdraw from a Roth IRA or a traditional IRA first is not an either-or question.
Why the Social Security office will never help answer your questions–and who can.

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Health insurance costs in retirement are a big deal to just about everyone. So many people transitioning into retirement find themselves frustrated by their Medicare coverage, enrolled in the wrong coverage, and stuck with unnecessary expenses that fail to cover their medical needs. After Taylor Garner’s father went through this experience, he focused his career on making sure it wouldn’t happen to other people. As an agent at American Republic Insurance Services, he works tirelessly to help his clients make informed decisions about their futures–and helps them to save money with custom insurance programs that meet their unique needs.

In today’s episode, Taylor and I talk about the traps and challenges of the healthcare industry that affect countless retirees, why the right plan can bring down your healthcare costs substantially, and how to put the many different forms of supplemental coverage to work for you.

In this podcast interview, you’ll learn:

Why so many insurance agents sell misleading and confusing insurance products.
How a lack of education in insurance creates so many problems.
Why Medicare Supplement plans are necessary, why they’re so confusing, and why it’s so easy to pay the wrong price for coverage.
How Taylor educates clients and helps them confidently choose the Medicare coverage to address their healthcare challenges.

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Everybody knows that life can be unpredictable, and anything can happen at any time. Out of nowhere, we may lose a loved one, fall ill ourselves, or end up living through a natural disaster–and the last thing you want in these trying moments is to be in financial distress.

This is why disaster planning is a critical part of retirement planning. Many people fail to make several necessary arrangements for end-of-life planning before disaster strikes, and it can lead to massive expenses, a conflict that tears families apart, and nasty court battles.

Today’s episode is all about how to create a financial first aid kit. You’ll hear from CERTIFIED FINANCIAL PLANNER™ Will Doty about the documents and resources you need to have ready if you’re dealt with a worst-case scenario event.

We’ll also talk about why it’s so easy to put these planning decisions off and the simple steps you can take to protect yourself in the short term without becoming a full-on survivalist.

In this podcast interview, you’ll learn:

Why disaster planning is critical from a financial perspective.
The critical components of a catastrophe plan–and why having just a will is not enough.
The importance of having a team to help you settle your estate when you lose a loved one.
Why naming a child as a successor trustee can be a double-edged sword.
How Will coaches clients to be better prepared for natural disasters.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/61

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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Whether you’re just getting started or well into your retirement, having an adequate amount of insurance is critical. It’s an essential tool for risk management and a major piece of a well-crafted financial plan. It’s also extremely complex.

People of all ages find themselves underinsured or have purchased the wrong products, and these can lead to significant financial setbacks at any stage of life.

Joining me to talk about this is Sarah Askren. Sarah is a property and casualty insurance expert at The Miller Group. With over 20 years experience in the field, she’s passionate about making sure that her clients protect their loved ones and have access to the resources they need.

In this conversation, Sarah and I discuss the ins and outs of property and casualty insurance, what you should be looking for when you shop for insurance, and how to avoid being sold insurance products you don’t need.

In this podcast interview, you’ll learn:

Why insurance plays such a crucial role in everyone’s financial life.
How insurance needs change as people age.
The big mistakes that Sarah sees in clients’ property and casualty insurance coverage.
Why a risk management review is important and how they work.
The things everyone should be aware of when working with insurance agents.
What you need to know to effectively file an insurance claim to get paid quickly.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/60

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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Most people think about debt as a bad thing. No matter what your financial background is, you’ve probably been told to avoid racking up debt, not to spend outside your means, and to pay off your debt whenever you can.

However, what this simplistic guidance fails to take into account is that there’s two kinds of debt: the debt you want to avoid and the debt you actually want to take on. So, what’s the difference?

Joining me to help answer this question is Logan DeGraeve, CFP® at Barber Financial Group. We discuss the differences between good debt and bad debt, the discipline that is needed when using debt and leverage, and the right (and wrong) times in life to carry debt at every stage of life.

In this podcast interview, you’ll learn:

When carrying debt is appropriate.
Examples of when it’s a good idea to accrue debt instead of paying cash.
Why student loans, credit cards, and overpriced homes that are likely to lose value are some of the worst kinds of debt you can accrue.
The importance of having good credit in order to get access to good loans, free travel, and other benefits.
Why the dollar amount on your 401(k) or IRA is not the same thing as how much money you have.
How working with a CFP® can help you eliminate your taxable income.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/59

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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For the first time ever, private equity is an asset class available to the main street investor. If you’ve worked hard, saved well, and are looking for an asset class outside the norm that’s a little more predictable and can provide some additional opportunities, private equity investing could be a great fit for you.

My guest, Michael Bell, is the Founder and Managing Director of Primark Capital, and an expert in this area. Before taking on his current role, he built and served as CEO for a $12B RIA, where he managed over 30 investment strategies, as well as a $10B liquid alternative mutual fund complex that launched over 50 alternative funds.

Today, Michael joins the podcast to discuss what private equity is, why it matters, and how you, the individual investor, can participate in private equity just like large foundations have done in the past.

In this podcast interview, you’ll learn:

Why private equity is now a $4 trillion industry–and why it’s historically been inaccessible to traditional investors.
How private equity companies are valued, how often they’re traded, and how to assess their health.
How public policy, interest rates, and inflation affect private companies as compared to publicly traded ones.
Why private equity is less likely to be scrutinized and regulated than cryptocurrency or other emerging consumer asset classes.
Potential cash flow issues to be aware of in private equity investing.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/58

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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As of this writing, we’re experiencing market valuations that none of us have ever seen in our careers. If you’re getting close to retiring (or just retired), this can have a major impact on how you pay for the rest of your life.

To make sense of how this plays out over the course of retirement, I’m talking to Bud Kasper. Bud is the President of our Lees Summit location, and he was one of the first CFPs, as well as the first chairman of the Financial Planning Association for greater Kansas City and former president of the Institute of Certified Financial Planners of Heart of America.

Bud recently wrote an article called Can Retirees Survive the Next Bear Market?, where he outlined all the different ways that timing can impact retirement.

In this conversation, we discuss his writing on this topic, what the sequence of returns is, and how it can affect not just your ability to retire, but your ability to get through retirement.

In this podcast interview, you’ll learn:

Why so many new retirees are worried that they’ll have to start taking distributions in a bear market.
How to stress test your retirement plan to survive a market downturn.
How a sequence of returns can be the difference between running out of money or having $3.8 million at the same age.
Strategies Bud recommends to help clients preserve their money.
How you can use a dynamic withdrawal strategy to use your portfolio to deliver income.
What retirees need to know about planning for rampant inflation.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/57

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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Bitcoin has become incredibly mainstream. It’s been a hot topic for a while now and it’s mentioned frequently in many investment discussions in the financial planning world.

Everyone sees ads for Bitcoin in their social media feeds with the cute little graphics of coins with Bs on them. There are probably some people out there who also think that there are real, physical Bitcoins they can get, too! So, with that in mind, today’s episode is all about Bitcoin: how it originated, what it really is, and how you can invest in it.

Joining me today to discuss this fascinating topic are Matt Kasper and Will Doty, CERTIFIED FINANCIAL PLANNER® professionals at Barber Financial Group. Without going down too many rabbit holes, this conversation is a top-level introduction to Bitcoin and cryptocurrency–and one you can use to make it a part of your portfolio in a meaningful way.

In this podcast interview, you’ll learn:

How Bitcoin was inspired by the financial crash of 2008.
What Blockchain technology is and how it can be used to ensure transparency in supply chains and many other use cases.
Why the price of Bitcoin is so incredibly volatile.
How to minimize your risk of fraud and secure your cryptocurrency investments.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/56

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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American entrepreneurs are facing a triple threat: rampant inflation, higher interest rates, and higher costs of capital for businesses. There’s less safety in bonds, stocks are likely to fall, and expenses are all but guaranteed to increase. As the saying goes, the only constant in life is change, and there are a lot of economic factors that appear to be changing right now.

To help me dissect these issues, I’m talking with Don Wenner of DLP Capital. Don has made a ton of progress in his business since we last spoke on episode 46 of this podcast. He’s added over 100 members to his team, is on the verge of acquiring a bank, and has made a number of big moves to keep his organization moving forward and best serve his clients. In his bestselling book, Building an Elite Organization, he explores how to scale high-growth, high-profit businesses.

In this conversation, we dig into the challenges facing business owners in this time, the moves he made in the last 18 months to grow his business in spite of the COVID crisis, the impact that interest rates and skyrocketing values is having on the housing market, and the importance of having real strategies to operate in a recessionary environment.

In this podcast interview, you’ll learn:

How Don has dealt with the challenges that inflation poses to his business.
Why rents and property values are currently skyrocketing like never before.
How the current housing market is impacting both the younger and older generations, and what that means for the rental market.
The reasons why Don invests in communities and not just single family or multifamily properties.
Why so many people are jumping into the real estate industry despite not knowing what they’re doing.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/55

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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Our markets are at or near all-time highs. There are threats of inflation. People seem convinced that risk isn’t really present, even though it certainly is. What’s going on here, exactly?

To help make sense of market risks and how they apply to you, I’m thrilled to be talking with Brad Kasper, President of LSA Portfolio Analytics. He has extensive experience working with independent financial advisors all across the United States, giving them the tools and resources to make better investment decisions on their clients’ behalf. He aims not just to achieve better returns, but superior risk-adjusted returns for any fund, ETF, or portfolio he helps to build.

In today’s conversation, we talk about Brad’s risk analysis processes, why not all independent advisors are truly independent, the history of extreme overvaluation and market crashes, and how to stress-test a portfolio to survive inflation and uncertainty.

In this podcast interview, you’ll learn:

Why so many so-called independent advisors are incentivized or paid by sponsors–and how to find truly independent financial advice.
Why valuations are higher now than in any previous market–and why this doesn’t guarantee that a crash is coming within the next year.
What made 2000-2002 such a unique period of wealth erosion.
How the global shutdown of 2020 created artificial markets and led to rampant inflation–and what makes stagflation such a powerful market killer.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/54

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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No one’s excited to file an insurance claim. To make matters worse, many people have terrible experiences with insurers, whether they involve fighting over reimbursements, what’s covered, or even simply trying to get ahold of their agents. On top of this, the Affordable Care Act has completely upended the insurance industry, both for better and for worse.

Here to talk about what’s going on in the insurance industry is Taylor Garner and Jason Newcomer. Jason is a Certified Financial Planner and Taylor is an insurance consultant.

In today’s conversation, we explore how the insurance industry has been transformed over the last decade, how to find plans that meet your unique needs, and what to do to make your insurance coverage a balanced part of a comprehensive financial plan.

In this podcast interview, you’ll learn:

Why shopping for insurance is such a lousy experience–and what makes working with an insurance consultant different.
How a Certified Financial Planner and an insurance consultant can work hand-in-hand to better serve their clients.
Why the ACA significantly changed individual healthcare plans, reduced options, and raised premiums for many Americans.
What makes Medicare coverage so confusing.
Why there’s no wrong age to start improving your financial and retirement plans.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/53

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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Over the last few years, you’ve probably heard all about how tax planning can benefit the ultra-wealthy. What you might not know is that even if you’re not a multimillionaire, if you’ve been accumulating any kind of wealth and are gearing up to retire in the next several years, there are many ways that the right financial and tax plans can also help you.

To discuss this, I’m thrilled to bring back JoAnn Huber, CPA and Certified Financial Planner. We dig into the breakneck pace at which Congress is introducing new tax legislation, why tax planning and financial planning go hand in hand, and the significant opportunities available to every American to take home more of their hard-earned money.

In this podcast interview, you’ll learn:

Why new tax legislation makes people anxious–and why not taking action is never the right move.
Where a strong financial plan fits in your tax plan.
The difference between goals-based and outcome-based plans.
How to create a tax plan that can be easily adjusted when the tax code changes.
Why one couple lost $7,000 a year because their financial advisor and CPA didn’t communicate–and why this is so common.
Why people are worried about changes to the capital gains tax laws.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/52

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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Picture this: you’ve retired from your main career. You get serious about a hobby you’ve enjoyed, and it blossoms into a successful side business. Suddenly, you’ve got a lot to think about–and you need a registered agent, even if you’re not quite sure what they do yet. All you know is that you need one.

With that in mind, today’s conversation is for business owners at every stage of life. I’m speaking with Kent Rockwell and Patrick Eyberg. Kent is a founder of and Patrick is the Director of Partner Development at Universal Registered Agents, which provides registered agent, independent director, and corporate services all across the United States.

In this episode, we discuss what exactly a registered agent is, why they’re so relevant to business owners, when you might need one, and how to find a great one to help keep your wheels turning.

In this podcast interview, you’ll learn:

What a registered agent does–and why it’s probably a bad idea to name yourself as a registered agent when you start a new business.
What can go wrong when you don’t have a registered agent.
How registered agents get paid.
What happens to business owners when they get served or miss an important deadline.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/51

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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Here at the Guided Retirement Show, we receive questions from YouTube viewers and podcast listeners from all over the world. We have a variety of specific questions, and we’re excited to answer as many of them as we can.

Here to help me do this is Chris Rett, Certified Financial Planner here at Barber Financial Group. In this episode, we discuss required minimum distributions (and if there’s a chance they might be going away), how to allocate funds as you prepare for retirement, why the markets are doing what they’re doing, and much, much more.

In this podcast interview, you’ll learn:

Why required minimum distributions aren’t going anywhere.
How to determine what retirement vehicle is right for you, especially when you have the option of an employer match.
Reasons to consider not using life insurance as an investment vehicle.
How to stay optimistic while planning for the worst case scenario.
When it’s time to reallocate a portfolio.
How to determine when the right time to start taking Social Security.
Ways to hedge against inflation in retirement.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/50

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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Lots of people think that they should start claiming their Social Security on the same day that they retire. However, there’s ample evidence proving otherwise–and when (and how) you choose to take your Social Security can have a big impact on your retirement.

To discuss this, we’ve brought Marc Kiner and Jim Blair back to the podcast. Jim worked for the Social Security Administration for 35 years before he teamed up with Marc, and they now work together to help people determine exactly when to file in order to maximize their benefits.

In this episode, we explore the many different options retirees have when it comes to claiming Social Security. We get into how Social Security is taxed, why different types of retirement income don’t play nice together, and how to put a stop to preventable losses and make the most of this extraordinarily complex program.

In this podcast interview, you’ll learn:

Why there are over 600 different iterations to claim Social Security for the average 62-year-old–and why some of these strategies can help you take home as much as an additional $100,000 in lifetime income.
Why so many financial advisors don’t understand how Social Security actually works.
The reason so many men should wait until age 70 to maximize their benefits.
Why Social Security checks become stagnant when retirees reach Medicare age.
The surprising reason you may not want to claim your Social Security benefits online.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/49

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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As he was caring for his mother, who was suffering from Alzheimer’s, Dr. Alan Molk had an epiphany. He realized that there were so many people in the world with incurable diseases, no chance at recovery, and no opportunity to talk about their condition. He has been spreading awareness by sharing what he’s learned ever since.

Dr. Molk has been an emergency room physician for 40 years. He’s the author of Saving Lives. Saving Dignity: A Unique End-of-Life Perspective From Two Emergency Physicians, an immigrant to the United States, and someone who has dedicated his life helping others.

In today’s conversation, Dr. Molk and I talk about the unintended consequences of the incredible medical innovations developed over the last several decades. We discuss the growing need for palliative care (and what makes it different from hospice care), and why planning for healthcare emergencies of all kinds is a vital part of any retirement plan.

In this podcast interview, you’ll learn:

Why the obesity and diabetes epidemics are leading to so many health problems and poor quality of life in Americans.
How drug manufacturers can benefit from unsustainable and sometimes painful medical treatments.
Why palliative care is the precursor to hospice care–and how a family can be involved.
Resources you can use to start tough conversations within your family when you need them.
Dr. Molk’s views on the COVID-19 crisis–and what he learned from his horrific experiences navigating tragedy.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/48

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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What are the basic fundamentals of financial planning? What is the foundation of a good, solid financial plan? The answer is simple: it’s risk management. However, risk management isn’t just about money management and your exposure to the market–it goes far deeper than that.

Joining me to talk about this are Jason Newcomer and Darren Newell. Jason is a Certified Financial Planner and the Director of Centralized Finance Planning at Barber Financial Group, and Darren is an insurance agent at Midwest Professional Insurance.

In today’s conversation, we talk about how to view risk management across different age ranges, how financial advisors and insurance agents often fail to help their clients mitigate risk, and how to take a holistic look at your risk exposure and best protect yourself right now.

In this podcast interview, you’ll learn:

Why risk management is much more than just assessing risk in your portfolio and downturns in the stock market.
Why so many people discover they’re underinsured or have the wrong insurance when something bad happens.
What it means to have captive insurance coverage–and how a bad agent can convince you to insure assets that don’t really exist.
How retirees partaking in the gig economy create additional risk–and how to protect against it.
Why insurance companies so aggressively look for fraud.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/47

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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Building great companies isn’t simple. There are so many moving parts, unforeseen challenges, and unique issues (and opportunities) you will only face as an entrepreneur.

Today’s guest is Don Wenner. When he was 21 years old, he founded DLP Real Estate Capital. Now, at the age of 36, he has experienced growth of over 60% annually every year he’s been in business. He oversees 12 companies, over 430 team members, and $1.5 billion in assets.

In this conversation, Don and I talk about the pivotal moments that made him into the businessman he is today, the powerful tools he’s created to make expansion consistent and reliable for over a decade, and how to use them to scale any great business smartly and sustainably for years to come.

In this podcast interview, you’ll learn:

How Don caught the entrepreneurial bug.
Why Don doubled down on real estate during the Great
Recession–and why this strategy ultimately paid off.
How Don saw unique opportunities when COVID hit.
The crisis and challenges facing housing and commercial real estate right now.
How to make sense of the job crisis facing the American workforce.
How changes to the tax code can have serious impacts on jobs, innovation, and business growth.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/46

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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The tax laws surrounding retirement accounts are extraordinarily complex and astoundingly confusing. The average taxpayer doesn’t just know what they’re up against; many financial advisors barely understand them either. For so many Americans, this leads to tax penalties, complications, and a whole lot of frustration, both now and decades down the line.

Joining us to talk about why this happens–and what to do about it–is my good friend, teacher, and mentor Ed Slott. If you haven’t listened to my previous conversation with him on Episode 31 of this podcast, I would highly recommend you do so before you dig into this one. Ed is America’s IRA expert, and in his new book, The New Retirement Savings Time Bomb, he shares important information about the latest threats to retirement savings and how to avoid them.

In this episode, Ed and I talk about why your IRA or 401(k) might be turning into a ticking time bomb of unpaid debt, how to stop your Social Security check from going entirely toward paying tax in retirement, how we may see the tax code change during President Biden’s time in office, and how to rethink your assets so you can safely take money out of your accounts and grow tax-free.

In this podcast interview, you’ll learn:

Why your financial advisor probably isn’t keeping up on changes to the tax code concerning retirement accounts.
What makes an IRA or 401(k) a uniquely complex financial asset–and how changes to the tax code are putting you at greater risk of paying even more tax later in life.
Why the Roth IRA is the greatest planning tool ever created.
How to take advantage of low tax rates while they’re still here–and why they’re highly unlikely to change before 2022.
What makes the 10-year rule on inherited IRAs so dangerous–and why so many people are going to lose their inherited wealth when they’re in their top tax brackets.
The difference between tax preparation and tax planning.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/45

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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We can have all the money in the world, but if we don’t have our physical and mental health, that money means nothing. Few people understand this better than Dr. David Lereah, PhD. He’s the founder of United We Age, an organization working to inspire a movement where all generations of people are more aware and supportive of people aging.

He’s also the author of The Power of Positive Aging, where he encourages readers to not be afraid of aging but to celebrate it. A stage three cancer survivor, Dr. Lereah demonstrates how simple lifestyle modifications will transform your everyday life, helping you to live more joyfully for the rest of your years.

A lot of things in David’s book hit me in very meaningful ways. Today, he joins the podcast to share his life story, his challenges, his struggles, and how he beat esophageal cancer after being diagnosed at the age of 62.

In this podcast interview, you’ll learn:

What happened to David when he published a book about the real estate boom right as the housing bubble burst in 2008.
Why so many seniors are alone, disassociated from family and friends, and unable to get the social interaction or support they need.
The reason so many people see aging as the end of their professional identity - and how David embraced positivity, even as he faced a major health crisis head-on.
Why David views aging as an inconvenience and not a death sentence.
The Four A’s of aging.
How to rebalance and simplify your life.
How we become more emotionally intelligent as we age.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/44

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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Back in August 2019, I had an amazing conversation with David Mitchell of AllianceBernstein in which we talked about economic cycles and where we were. A year and a half later, his company has had some incredible returns - and many of the things that David shared with us really came to fruition.

Despite the uncertainty that the investment markets faced in 2020, AllianceBernstein’s assets grew by 70 billion since we last spoke. With their unique view on the larger global economy and their economic cycles, AllianceBernstein has thrived with amazing growth in a challenging year.

Today, David returns to the podcast to talk about where we are right now, why the markets are doing what they’re doing, and the parabolic move in the price-to-earnings ratios of the stock market.

In this podcast interview, you’ll learn:

How COVID and low interest rates have collectively changed where we’re at in the current supercycle.
Why millennials are a tailwind to the economy as opposed to a headwind.
Why COVID was a proverbial match that lit the gasoline that had been building up for years.
How investing without purpose sets you up for failure.
Why the US stock market is currently hugely overvalued - and why this merits active management of financial assets.
Why volatility is a great time to look for new opportunities.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/43

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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Retirement planning isn’t just for people who are near retirement or in retirement already. If you’re in your 20s or 30s, you’re in a prime position to build a great foundation to experience financial independence and retire younger.

Joining me today is Jason Newcomer, certified financial planner and advisor here at Barber Financial Group. In this episode, we’ll share a list of great books geared towards young adults to learn more about the importance of retirement planning early on, we outline the fundamentals that they should be thinking about now, and we’ll share valuable information about the platform we’ve built at Barber Financial to help them get a head start on their retirement planning.

In this podcast interview, you’ll learn:

How the massive gaps that still exist comes to financial literacy in our education system can have significant impacts on young peoples’ futures.
Why CNBC, Fox Business, and other outlets aren’t actually geared toward people outside of the financial industry.
Tools you can use to get a grip on your cash flow, budgeting, and forecasting future potential expenses.
Advice for anyone starting a job with a retirement plan or 401(k) match.
Why you should never carry a balance on your credit cards - and how to prevent this from happening.
Why taking 401(k) withdrawals before retirement should be seen as a last resort.
How to start investing - and why you don’t need to obsess over the day-to-day or participate in high-risk, speculative stocks or cryptocurrency to generate wealth.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/42

Learn More about Retirement Planning

Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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In these first few months of 2021, we’re seeing extreme market valuations at levels we’ve never seen before. This means that it’s more important than ever that you know how to assess risk in your portfolio.

Today’s guest is Brad Kasper. He’s the president of LSA Portfolio Analytics, where he provides investment advisors with the tools and infrastructure they need to deliver incredible client services. He’s also been on the podcast several times before to talk about the economy and how it affects markets, how to build portfolios, and how to assess risk. If you haven’t listened to our previous episode about risk assessment, Episode 15, I would highly recommend you do so now, as we get into some more technical terms and concepts today.

In our conversation, Brad and I are talking about intelligent risk and fat tail analysis, how to use these tools to construct better portfolios, and what makes this approach different from modern portfolio theory.

In this podcast interview, you’ll learn:

How the black swan event of 2020 proved that most people don’t really understand how risk affects their portfolio.
The difference between assessing portfolio performance on an annual basis vs. rolling one-year periods.
Why heavy tail risk math creates a much clearer picture of your risk exposure than Gaussian mathematics.
How improvements in technology over the last decade have made it much easier to eliminate assumptions from investment models.
How to create and understand a realistic spread profile that both allows you to participate in the markets and shields you from catastrophic downturns.
Why most financial planning software programs fail to produce accurate models.
Why participating too much on the down days is every investor’s biggest risk.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/41

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Some people just seem to be far more successful than others - especially when it comes to business relationships. You probably know at least one person who seems to always be surrounded by the right people in the right moment, and who can get the help they need to clarify their visions and reach their objectives.

If you’ve ever wondered what makes these people so special, today’s episode is for you. I’m speaking with Dr. Charlie Cartwright, the CEO of People Success Labs. He helps business leaders and individuals all across the country rise to their fullest potential by enhancing their leadership performance, improving workplace culture, and increasing employee engagement and safety.

In this conversation, Dr. Charlie and I talk about the scientific method he uses to help people grow, the importance of community and meaningful relationships in everything we do, and the lessons he learned from 30 years working for major companies, including FedEx and UPS.

In this podcast interview, you’ll learn:

How building better teams can lead to explosive ROI.
The three brains that every human has and how to bring them into alignment.
The Golden Egg Principle - and why it’s so important to nurture, cultivate, and invest in your employees.
How working with a coach like Dr. Charlie benefits not just people who want to be better business leaders, but anyone who wants to live a better life.

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What exactly is index investing? Why do specific companies make up the Dow Jones Industrial Average, the S&P 500, and the NASDAQ? Should we be investing in index funds, or is there a better way?

Here to help me answer all of these questions is the co-host of America’s Wealth Management Show, Bud Kasper. He has 38 years of experience in financial services, and we’ve done hundreds of radio shows and videos together.

deep dive into index investing, peel back the layers, and simplify the complex as you build your portfolio at any age.

In this podcast interview, you’ll learn:

Why you shouldn’t look at the Dow or any other single index to understand how the markets did on any given day.
Which companies make up some of the most common indices and why they don’t change very often.
Why building a portfolio of individual stocks included in an index fund defeats the purpose of the index.
How index funds can be used in passive investing.
How overreliance on indices creates risk when compared to a more diversified, predictable, and consistent portfolio.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/39

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The Tax Cuts and Jobs Act changed many aspects of our lives. For those who give to charity, it also had a massive impact on how we give. Many of the tax benefits associated with charitable giving have disappeared because of the increased standard deduction, and many organizations have been impacted by this change.

Joining me to talk about what happened and what to do about it is Chris Rigsby. Chris is from the Greater Kansas City Community Foundation, where he’s helping people find new ways to continue their charitable giving and take advantage of the updated tax code. His work is helping both the organizations that need donors and the donors themselves - a true win-win.

Today, Chris explains how the new tax code has changed charitable giving for his organization and others, the new tools available to donors to help take your money further, and tax benefits you can take advantage of as you prepare your return this year to support organizations you love.

In this podcast interview, you’ll learn:

Why the new standard deduction in the Tax Cuts and Jobs Act impacted charitable giving.
How “bunching” can benefit you as a donor and create a consistent cash flow stream for charities in need.
How to set up a donor-advised fund for grants and giving.
How money coming out of an IRA can be used to make a charitable donation without having to claim distributions.
The unique benefits of working with an organization like the Greater Kansas City Community Foundation to manage your giving.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/38

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There’s no such thing as a one-size-fits-all retirement plan, and retirement often isn’t moving to Florida and never working again in your life.

Professional athletes, and especially football players, for example, are often done playing by their thirties or forties. With so much life left to live and so many opportunities out there, there are countless paths to take - and today’s guest, Mark Collins, is living proof.

Mark is a two-time Super Bowl champion who played for the Kansas City Chiefs, Green Bay Packers, New York Giants, and the Seattle Seahawks. He has worked as a financial advisor, and his current venture is 2FiveSports, where he’s helping student athletes create winning demonstrations, connect with recruiters, and win the scholarships they need to play college sports.

Today, Mark joins the podcast to tell the story of the many roles he’s taken on since leaving the NFL, building a legacy, and giving back by creating opportunities for other kids just like him.

In this podcast interview, you’ll learn:

How being very coachable helped Mark take advantage of opportunities and chart a path from high school football to becoming an NFL draft pick.
The moment Mark knew he was physically and mentally done with football, how he moved on with his life, and why he ultimately felt like the broadcasting world moved on without him.
How 2FiveSports is helping student-athletes get the exposure they need to win college scholarships.
What Mark learned from the several years he worked as a financial advisor.

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On the Guided Retirement Show, we usually talk about retirement and the future of your money. Today, we’re doing something a little bit different. In fact, we’re talking about life, the future of work, and the power of technology to transform lives.

My guest is Jeff Alholm, CEO of Digital Aerolus. He’s invented a wide array of new technologies used daily by millions of people and companies all over the globe, and had his hands in projects including some of the first Wi-Fi implementations and the devices that served as predecessors to the original iPhone.

Today, Jeff and I are talking about the technological revolution we’re living through right now, some of the incredible innovation he’s witnessed over the course of his career, and the devices that are already transforming life as we know it.

In this podcast interview, you’ll learn:

Why people like Jeff’s 85-year-old father, who seems resistant to adopting new technology, almost always end up becoming fans and power users.
How industries are making sweeping changes to modernize their operations and eliminate tools as simple as stepladders.
The new technology that may transform work as we know it and create tons of new jobs.
The inspiring power of a big vision.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/36

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No matter what time of the year it is or what the tax code says, you’re probably paying taxes on a paycheck, Social Security, dividends, and capital gains - or some combination of the above. It can be easy to feel overwhelmed and just give up trying to hang on to your hard-earned money.

JoAnn Huber does not want you to do this. She’s a CPA and CERTIFIED FINANCIAL PLANNER™, and she understands how a long-term tax plan can help you save more, no matter what’s happening in the world.

Today, JoAnn returns to the podcast for the fourth time to talk about the ways 2020 has changed how people of all ages need to look at retirement, the importance of having a solid plan in place long before you take your first RMD, and how to protect yourself, no matter how much the tax code changes.

In this podcast interview, you’ll learn:

How tax laws changed in 2019 and 2020 - and why taxes are probably going to go up no later than 2025.
How the SECURE Act will change how people look at retirement - and the new rules that may hugely impact people who inherit IRAs.
Ways to lower your tax tier and save on Medicare premiums using qualified charitable distributions.
Why the SECURE Act brings life insurance into play as a retirement vehicle for the first time in a long time - and how the life insurance industry lobbied to make this happen.

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Social security is the backbone of so many people’s retirement plans, yet many of us get it wrong. In fact, the average family leaves over $100,000 in benefits on the table. Your retirement strategy must include a solid game plan for claiming social security benefits, but it isn’t always easy to figure out what exactly is available to you - or how to get it.

Mark Kiner has been a CPA since 1980 and has focused much of his work since 2008 on understanding social security. When he needed help, a friend recommended that he reach out to Jim Blair, who walked away from his own retirement to co-found Premier Social Security Consulting. Now, they provide Social Security consulting for individual clients and education for financial advisors.

Today, Mark and Jim join the podcast to talk about the major mistakes that people make as they claim social security, how to craft a strategy designed to avoid these pitfalls once and for all, and how to find an advisor who can help you navigate this astoundingly complex system.

In this podcast interview, you’ll learn:

How Americans leave as much as $3.4 trillion in unclaimed social security benefits behind.
Why even Social Security Administration employees lack comprehensive knowledge of everything possible when it comes to social security.
How to navigate benefits taxes and avoid accidentally crossing an income threshold that can drastically affect your finances.
Why social security isn’t going to go broke - and taking benefits now because you think it will is a bad idea.
How divorce can affect social security eligibility and payments.

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Almost every entrepreneur experiences both failure and success - and every serial entrepreneur has stories of both to share when looking back at their careers.

Jan and Adam Fichman are a father and son duo of self-made serial entrepreneurs. Jan founded the 7th Heaven record store in Kansas City, while Adam founded the first company that made it possible to send a video from the internet to a cell phone. He now runs Lifted Logic, a web design firm.

Today, Jan and Adam join the podcast to share the story of their family history in business. You’ll hear about the companies they built alone, lessons passed across generations, and how Adam’s business has served Jan’s in the wake of the COVID-19 pandemic.

In this podcast interview, you’ll learn:

How embracing the “fail forward” mindset can set you up to succeed - and what Adam learned from launching a business that fell $2 million into debt.
Why so many entrepreneurs are “unhirable” in a traditional sense - and how this further inspires entrepreneurship.
Why business owners need mentors in areas where they don’t succeed - and why Jan considers himself to be one of Adam’s worst clients.
How dumb money follows smart money - and can become smart money again.
Why being a one-person operation simply is not the definition of success.

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What legacy will your family leave behind? Will it be a sum of money, or will it be heritage, values, and the amazing experiences parents and their children have across generations?

Tech entrepreneur Ben Weisshaut lost his father to a late-stage brain tumor shortly before his son was born. This tragic loss inspired him to journal, make videos, and capture as much history as possible to help his son get to know his grandpa. He used the discoveries he made along the way to create Wishlife - a platform that helps families capture what matters most.

Today, Ben joins the podcast to talk about how families can go deeper than money and create an emotional legacy. You’ll find out what he learned from interviewing countless families about what matters the most to them, what it means to build a responsible legacy, and how retirees are changing their plans in a world where it’s unsafe to travel to stay closer to family in difficult times.

In this podcast interview, you’ll learn:

Why an emotional legacy is so much more important than a financial one - and how families can pass history and experiences down across generations.
How Wishlife provides a central archive for family history.
Why building a family legacy takes time, just like a financial one.

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Many consumers get caught off guard by massive tax bills they not only don’t understand, but thought someone else had planned for. How does it happen? It’s simple: our tax code is a maze. If you have money and want to emerge on the other side of it relatively unscathed, you need an excellent guide.

Today, America’s IRA expert, Ed Slott, is here to help you make sense of what you really owe - and how to prevent massive tax penalties in retirement. I’ve been studying with Ed for nearly 16 years. I sit on his advisory board, and I can tell you that he knows more about the tax code than just about anyone else.

In this episode, you’ll learn how to navigate the rapidly changing tax landscape we’re all living in. You’ll discover why it’s all but impossible to memorize the tax code and be 100% right in every situation - but how you can get the advice you need to make strategic decisions and plan for the best possible outcome.

In this podcast interview, you’ll learn:

Why everybody thinks their attorney, accountant, financial advisor, or CPA is planning their taxes - and how this misunderstanding created what Ed calls the black hole of retirement planning.
The difference between tax preparation and tax planning - and why so many advisors aren’t prepared to help their clients when it’s time to take money out.
Five pieces from the SECURE Act that are critical to consumer tax planning.
Why everyone should be making Qualified Charitable Distributions since the passage of the Tax Cuts and Jobs Act - and why no one with earned income should be making tax-deductible IRA contributions after the age of 70.
How working closely with a good CPA in collaboration with a good financial planner can help prevent you from falling into the biggest traps in retirement - no matter what the tax law looks like in any given year.

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Have you ever heard about new developments or an innovation in artificial intelligence, healthcare technology, robotics, or automation, and thought to yourself, “How can I invest in that?” If so, today’s podcast is for you.

For this conversation, I’m joined by Chris Buck. Chris is the Head of Capital Markets and Sales at ROBO Global. He’s a wealth of knowledge in these fields, all of which are very early in their life cycle, and all of which are positioned to achieve massive adoption in the future.

Today, Chris and I discuss his company and the financial products they’re making available to investors, how new technology transforms every industry it touches, and how you can potentially make some of his favorite innovative companies part of your retirement portfolio.

In this podcast interview, you’ll learn:

How ROBO Global turns what Chris sees as almost a second industrial revolution into opportunities for investors.
Why this moment is a lot like the dot-com boom in the late 1990s - and how Chris is working to identify winners and losers.
How Chris is working with a unique combination of academic leaders, business partners, researchers, and investors to create an index for robotics and for healthcare technology.

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At 47 years old, I wasn’t taking care of myself. When a coworker had to take me to the hospital because I thought I was having a heart attack, I said to myself, “I’ve got to change my life. I’ve got to change stuff.”

Eight years later, my life is totally different - and I owe a lot of that to today’s guest, Dr. Laura Lile. Laura is a preventative care physician, a compound pharmacist, and a big believer in the fact that people can create the future of their health based on the decisions they make right now. She’s also been my concierge doctor for the last eight years.

Though we normally focus on the financial aspect of retirement, this week’s episode is all about healthcare - and specifically how to live healthy at every stage of life. You’ll learn how to work with your body to address the declines we go through as we age, how to take preventative steps now to avoid worse outcomes later, and why it’s never too late to start taking steps to change your health.

In this podcast interview, you’ll learn:

Why so few men are even aware of the male equivalent of menopause - and how it’s probably affecting them right now.
Why an annual checkup and a single blood lab is almost never sufficient when it comes to painting an accurate picture of our health.
How common chronic conditions, like acid reflux, can be reduced or eliminated.
What Laura learned from her experiences on the Vatican’s Emergency COVID-19 Commission - and why she is such a big believer in optimizing the body’s immune system to fight viruses, rather than waiting to treat the infection.
Steps you can take right now to reduce your oxidative and psychological stress.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/29

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Giving is one of the best things that we can do at every stage of life, but in retirement, it takes on a whole new meaning. We can give back to our communities, to our families, and to organizations we care about. However, we have to be strategic about our giving, make sure that our money is going where people say it’s going, and reap the potential benefits along the way.

Here to help navigate the world of giving is Gary Pratt, the Senior Director of Development for Catholic Charities of Northeast Kansas. In 2019, Catholic Charities served about half a million people in need through over 20 programs across 21 counties, helping empower them to get jobs, learn new skills, receive food and housing, and even hospice care.

Gary also specializes in helping people confidently gift stock, real estate, retirement accounts, plan gifts, and legacy estate gifts. Today, he joins the podcast to talk about his organization, the tax benefits behind giving, and the personal reasons to give.

In this podcast interview, you’ll learn:

How organizations like Catholic Charities give far beyond just the Catholic church.
What you can do to vet a charitable organization and make sure that your money isn’t being spent on administrative overhead and fundraisers.
How the SECURE act changed charitable deductions - and how to get tax benefits from charitable donations even if you can’t itemize.
Why donor-advised funds have become significantly more popular over the last several years, their unique benefits, and their major drawbacks.
How you can use your IRA to give a tax-free gift to a charity of your choosing while using life insurance to provide for your family.

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When he was 20 years old, Joe Duran came to the United States with $200 to his name. He graduated from college, took a minimum wage job at a financial services firm, grew its value from $30 million to several billion, and sold his first business at the age of 34. He then found himself feeling profoundly lost.

In the years that followed, he interviewed entrepreneurs who had sold their businesses and discovered that many people lose their sense of purpose and identity after exiting their business. He’s now a Managing Director at Goldman Sachs Personal Financial Management, and in both his practice and his forthcoming book, The Thin Line, he explores why the difference between misery and happiness - or success and failure - is whether life happens to you or for you.

Today, Joe joins the podcast to share stories from his own life, as well as his experience in financial services, about why it’s so important to live life in alignment with your priorities. If you’re trying to shape a financial plan - and a retirement - that gives you satisfaction, as opposed to merely helping you survive, this episode is a must-listen.

In this podcast interview, you’ll learn:

How Joe’s eye-opening education and youth in the country now known as Zimbabwe ultimately led him into the world of American finance.
Why you don’t need to know everything in order to succeed in business or in life - and why investing in experts saves you time, money, and energy.
Why so many financial plans fail to reflect reality or a family’s shared values and how to fix this.
How Joe’s work helps provide the kind of treatment typically given to ultra-high net worth individuals to everyone.
Why Joe sold his current company, United Capital, to Goldman Sachs - and how he now helps people make great financial decisions without sacrificing his personal life, his marriage, or his relationships with his children.

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Stock options aren’t for everybody. A lot of amateur investors get burned trying to play the options game, and there’s a very good reason for this: they require a deep knowledge of strategy, of the win-loss ratio, and a strong understanding of what’s out there.

My guest, Lance Gaitan, works for a financial publisher in Baltimore, where he authors two successful options strategies. His work helps individual and institutional investors capture gains by identifying overreactions in the market for both speculative and hedging purposes.

Today, Lance joins the podcast to talk about how to craft an options strategy, whether they belong in your portfolio, and if this is something you can do on your own - or if you’re going to need the help of a professional.

In this podcast interview, you’ll learn:

What an option is and what the two types of options contracts do.
Who should actually be thinking about using options as part of their portfolio and who should stay away from them completely.
How options can be used as part of a hedging strategy.
How to look at the risks vs. potential rewards of options - and why one major loss can wipe out an entire year of wins in options trading.
Effective ways to learn about options trading - and why there’s no way to be a passive participant in options trading and also win.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/26

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The good habits that help people achieve successful retirements don’t only pertain to finance. Decades of research, interviews, and studies show that these same strengths help people become extraordinary businessmen, leaders, and athletes, among many other things.

As this year has taught us all, life almost never goes the way we plan for it. However, discipline, consistency, and the ability to show up, day after day, can take us far. A financial plan built with these principles in mind, even now, can help you achieve your goals and live the life you aspire to at every stage of your career.

Today, I’m interviewing Joel Goldberg. Joel is the host of Rounding the Bases, a podcast where he interviews entrepreneurs and leaders in sports and business. He’s also the announcer for the Kansas City Royals and an experienced TV sportscaster. In our conversation, Joel doesn’t just share stories from his astounding career, but digs deep into the lessons he’s learned from the extraordinary people he’s met along the way.

In this podcast interview, you’ll learn:

What made “Rowdy” Roddy Piper, Will Ferrell, and Ned Yost some of Joel’s greatest interviews.
How the Royals organization has shifted their operations in light of the COVID-19 pandemic.
The common traits between entrepreneurs, CEOs, and professional athletes - and why “lucky” people are mostly lucky because they put themselves in that position.
Why there are no quick fixes to getting what we want in life - and how Joel got his first job in television.
The importance of building lasting relationships in every field.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/25

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When the markets react hard to a global crisis, it’s not always easy to know what to do. You’ve probably heard not to sell, but to watch your portfolio take a beating day after day can be exhausting.

Returning to the podcast today for this special episode is Bud Kasper, President of Barber Financial Group Lee’s Summit office. Bud has over 37 years in this industry, has seen all kinds of bear markets, and all kinds of recessions - and has helped countless clients make the most of what can be a painful, difficult time.

Rather than focus on what’s happening with the markets right now, we want to take some time out to talk about how to react, what to do when a crisis hits, and how to think about risk as you create your retirement plan. As this month has shown, crises can hit at lightning speed, but being aware of the forces at play and adopting the right mindset can have a huge impact on your health, both personally and financially.

In this podcast interview, you’ll learn:

Why it’s not always illogical to make changes to a portfolio when a recession hits, but keeping your emotions in check needs to be your top priority.
The questions you should be asking about how your money works for you at all times - not just when a recession hits.
Why emotion often takes over in investment strategies - and why people who felt like they weren’t aggressive enough in 2019 are likely hurting right now.
Evergreen strategies and thought processes that can help you avoid emotional investing in stressful economies.
What we can learn from past recessions and how the coronavirus crisis differs from the Great Recession of 2008.
Why working with a real retirement planner should stop events like this from impacting your lifestyle.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/24

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Did you ever think about purchasing real estate as an investment, but decided that the hassle of being a landlord or dealing with a property management company wasn’t for you, especially after you retire?

If so, you may be surprised to learn that it’s much easier to invest in great real estate without owning an apartment building, a house, a condo, or an office building than ever before. Recently, the financial industry has created great real estate products available to investors looking to diversify their portfolio without running the risks of property ownership, and they can be a powerful tool to use as you create your retirement plan.

Joining me today is Dr. Randy Anderson. He holds a Ph. D in economics and has focused his career on real estate investing. Together, we discuss the nuances and challenges of the real estate industry, the opportunities investors have to purchase high quality real estate right now, and how to avoid complicating your taxes as you do it.

In this podcast interview, you’ll learn:
What caused the housing bubble to burst in 2008 - and how to avoid falling victim to similar traps as a real estate investor in 2020.
Why purchasing real estate as an investment is very different from buying a home.
Why you should consider investing in the REIT sector - and the potential factors to consider as you get closer to retirement.
The potential benefits and drawbacks of buying and running rental properties - and why this isn’t always the best source of passive income.
How private real estate behaves differently than REITs in a drawdown.
Why the key factors that influence spending haven’t changed in generations - and how to think about this as you make investments.
Why patience is crucial to successful real estate investing - and why being forced to sell at the wrong time is a major way to get hurt.
How to own real estate as part of an IRA without creating tax headaches.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/23

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If you’re approaching or just reached retirement age, you probably have questions about supplemental Medicare coverage and Advantage plans. What you do at this critical point can be the difference between saving tens - or hundreds - of thousands of dollars on medical coverage, so it’s worth getting expert help as you make these decisions.

Returning to the podcast to discuss this complex issue is Tom Allen. We recorded two previous episodes about Medicare in Season One of The Guided Retirement Show, and we highly recommend that you listen to them before jumping into this one.

Today, Tom and I dive deep into the differences between supplemental Medicare coverage options, how to avoid potentially devastating expenses when dealing with prescription drug costs, and how to find a plan that will cover any conditions you may have and keep you healthy for decades to come.

In this podcast interview, you’ll learn:
The difference between supplemental Medicare and Advantage plans.
Why Medicare Part A and B is rarely sufficient coverage for most people - and why you may confidentially qualify for Medicaid.
Why Medicare Part D has not yet been standardized - and what to look out for in Part D plans.
How illness can make it difficult to change Medicare Advantage providers - and how to avoid getting locked into a plan that doesn’t cover conditions you may develop in the future.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/22

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When you retire, you don’t stop having to make decisions, set intentions for your life, making plans, or working with people to achieve your goals. No matter what your career looked like, you’re now the CEO of your household - and your life - and the rules of success in business aren’t that different from the ones that help you succeed in retirement.

Tony Lewis’ Extensive experience is proof of this. He’s had a 30-year career in the military, served as the CEO of ConAgra, and now works with Vistage, a nationwide group of CEOs regularly tapped by publications like The Wall Street Journal to get insider information about how business leaders feel about the state of the economy, how it impacts their business, and more.

Today, Tony joins the podcast to discuss the business leadership lessons that cross over into retirement and family planning, how to avoid missing out on major opportunities (financial and otherwise), and the power of communicating your intentions.

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When things go wrong, there’s nothing more humbling than taking a long, hard look in the mirror. We all know how hard it is to do this, and how much easier it is to blame everyone around us and the external forces impacting our lives for our misfortunes, whether they’re personal or professional. This is just as true in retirement, where I’ve seen so many people blame the markets, interest rates, and other factors instead of taking their own plans and issues into account.

Joe Lieberman explores this idea in detail in his book series, Dragons & Enemies. In his books, dragons are the external forces we must overcome to succeed in business, while enemies are the problems within that you must acknowledge and bring into alignment in order to effectively achieve your goals. Joe learned how to do this the hard way through his career in corporate America, his experiences in online startup marketing, and extensive experience as a radio host and public speaker, and he has a remarkable gift for helping others discover their blind spots and confront their bad habits.

Today, Joe joins the podcast to share the hard lessons he learned about life and business, how the mindset of blaming others and not recognizing your own impact affects you in retirement, and why no one should attempt to prepare for retirement alone - especially if they think they’re the smartest person in the room.

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Have you ever wanted to buy a company that’s doing well or get involved with turning a struggling company around? It’s what private equity investors do every single day. They partner with businesses, build teams, and create plans with an aim to transform the company and generate serious returns. However, few individuals outside the world of finance know that it’s possible to invest side by side with private equity firms to make their work a real part of your portfolio.

Greg Anderson, the President and Chief Investment Officer at Princeton Fund Advisors, joins today’s podcast to explain how to do it. Greg has extensive experience in estate, tax and personal finance planning for high net worth individuals, and he knows what an incredible opportunity private equity investing can be for the right person.

In today’s episode, Greg and I discuss what makes private equity so special, how to break into this world at a low cost, and how to find private equity funds that might make sense as a part of your portfolio. With millions of privately traded companies in the world, private equity can help you become a part of the story of great businesses while seeing great, tax-friendly returns.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/19

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No one wants to work hard and spend frugally for decades only to find themselves paying more than their entire annual budget in taxes after retirement, but it happens far more often than you might think. I’ve seen it happen, and so has JoAnn Huber.

JoAnn is a CPA, Certified Financial Planner, and Partner at Barber Financial Group. Last season, she joined the podcast to discuss the difference between Roth and traditional IRAs and 401(k)s, and I highly recommend going back to listen to those episodes if you haven’t already.

Today, JoAnn and I are digging deep into Roth conversions: why you might want to do it, when they make sense, and the surprising reasons you may not want to do a Roth conversion. You’ll learn how to stop missing opportunities, take advantage of the unique benefits of the Roth while potentially avoiding hidden costs, and discover how some retirees have saved hundreds of thousands of dollars by doing a Roth conversion the right way.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/18

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There’s nothing easy about building a portfolio designed to get you through retirement, and this is especially true in the event of an economic downturn. Emotional investing and aggressive reactions to bad news can make matters even worse, and these factors all have the power to turn your retirement from the greatest vacation of your life into something less fulfilling.

To build a truly effective retirement plan, you need to be able to truly look at the economy and deeply understand how to choose investments over a long period of time. You need to know when to buy and when to sell, as well as how to take a big-picture, multi-year view of the economy. At AllianceBernstein, a global money management firm managing over $580 billion in assets worldwide for a massive range of clients, David Mitchell does exactly that.

Today, David joins the podcast to share how to understand economic cycles, the history, and patterns behind them. You’ll discover how to stop making irrational comparisons that don’t make sense and create a meaningful, valuable personal retirement index to ensure that your portfolio isn’t just in great shape, but is able to help you live the life you want, no matter what might happen a month, a year, or a decade from now.

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Retirees are now living their lives and doing business online, relying on all sorts of products and tools to manage their finances, keep in touch with loved ones, and keep their homes warm and secure. However, this also means that there are now more opportunities than ever before for cybercriminals to take advantage of you, steal your identity, and take your money.

Many businesses have teams to help protect their employees, but few have anything similar at home, where the effects of a successful cyberattack can be devastating. To make matters worse, many people are unaware of what’s going on until it’s too late. This is why Wayne Robinson, one of our advisors at Barber Financial, recently got a certificate in cybersecurity. He’s teaching our clients through classes and webinars how to stay safe online and make the most of their personal technology.

Today, Wayne joins the podcast to talk about the many different ways retirees can fall victim to cyberattacks, why the criminals responsible for them are all but impossible to catch, and the simple steps you can take right now to reduce your risk factors by as much as 85%.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/16

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In my 32 years in the financial industry, I’ve learned one thing: unless you’re working with a great financial planner, you likely don’t know exactly how much risk you’re taking on. There are countless investment products out there with different risk and return profiles, a number of ways to meaningfully assess risk, and more opportunities than ever before for retirees to be either overconservative or overextended.

Today, I have Brad Kasper, the president and founder of LSA Portfolio Analytics returning to the podcast. If you haven’t listened to Episodes 10 and 11 of The Guided Retirement Show, where we discussed how the economy affects the marketplace and what you should know before building a portfolio, I highly recommend doing so before digging in to this episode.

Today, Brad is here to dive deep into the nature of risk and what it really means. You’ll learn how to quantify risk, how to measure it, and what it really means as you build a portfolio that will help you live the retirement you’ve always wanted.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/15

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Retirement is all about checking things off the bucket list. It’s a time to turn hard work into incredible experiences, truly connect with loved ones, and create memories that will last a lifetime - and for many retirees, that means travel.

Mark Comfort is a master in the art of travel. He’s the owner of Cruise Holidays and Comfort Tours, and he has spent over 31 years coordinating the complicated moving parts in his clients’ trips, making sure that things go right, and providing extraordinary customer service.

Wall Street and the financial media want you to die rich, but Mark and I want you to live richly - and have a retirement plan in place that allows you to take amazing trips. Today, you’ll learn how to make luxury experiences a part of your retirement without breaking the bank, how to escape the saving mindset when you can afford to treat yourself, and what you can do to use your money to make truly meaningful memories.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/14

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In our previous podcast episode, CERTIFIED FINANCIAL PLANNER® Bud Kasper, Jason Newcomer and I discussed the differences between ETFs and mutual funds to help you truly understand which product is best for your portfolio. If you haven’t listened to Part 1 yet, please check out episode 12 before you listen to this one.

Today, we continue our deep dive into this topic. You’ll learn how to decipher the differences between the many different options, the tax efficiency of both mutual funds and ETFs, and why a comprehensive financial plan is so critical to choosing the right product to meet your needs.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/13

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Many investors have had questions lately about the difference between mutual funds and ETFs: why choose one over the other? Are they the same? What differentiates these two products, why are there so many offerings that appear to be so similar, and which is the best choice for my portfolio, especially as I approach retirement?

To help answer this question, I’m joined today by Bud Kasper and Jason Newcomer. Bud is one of the first CERTIFIED FINANCIAL PLANNERS® in Kansas City, and in his over 40 years in the industry he has seen firsthand how this business has changed. Jason, on the other hand, is one of our youngest CERTIFIED FINANCIAL PLANNERS®. He joined Barber Financial Planning in 2007 while studying finance, and has been practicing full time since 2010.

Today, the three of us dive deep into the benefits, flaws, and risks of both mutual funds and ETFs - and what you should look at before adding either product to your portfolio.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/12

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There’s a lot that you need to understand before you set out to build your own retirement portfolio. In the first part of my conversation with Brad Kasper (episode 10), we had a big-picture discussion of what makes a portfolio successful, the dangers of emotional investing, and why math and data will always beat attempting to time the markets. If you haven’t already, go listen to that episode first.

Today, I go deeper into my conversation with Brad. You’ll learn why so many people get derailed when they attempt to create financial plans on their own, how Brad chooses analytical tools with client goals in mind, and how to build a goals-driven portfolio and accurately track its performance.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/11

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When it comes to retiring, nothing matters more than building a portfolio that allows you to achieve your goals, and no one knows this better than Brad Kasper.

As the president of LSA Portfolio Analytics, Brad Kasper helps 440 financial advisors manage over $8.5 billion in assets by building better portfolios for his clients, working directly with them instead of tying into client assets. He believes in using math to create solid strategies to meet goals, and as simple as that may sound, it’s less common in the financial services industry than it should be.

Today, Brad joins the podcast to talk about how shifts in the economy and the marketplace affects retirees. You’ll learn how the rules change as you transition from accumulating to distributing your wealth, where fear of the stock market comes from, and the steps you need to take to ensure that your portfolio positions you to live the retirement you’ve always wanted.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/10

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In Part One of my conversation with Barber Financial Group estate planning attorneys Garrett Griffin and Jason Salinardi, we discussed the basics of wills, estate planning, and the tricky legal situations families and beneficiaries can find themselves in after you die or become incapacitated. Check out Part 1 (episode 8) if you haven’t yet - I highly recommend you do before listening to Part 2.

Today, we continue our discussion by diving a little bit deeper. We focus predominantly on how DIY planning often leads to massive complications for survivors, how events like divorce can lead to serious estate issues after one family member dies, and why you need to work with a counselor or advisor who truly understands the nuances of estate planning in order to ensure a successful transition of your assets.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/9

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One thing is certain: at some point in time, all of us won't be alive on this Earth. This means that we all need proper estate plans. Many people, however, fail to set their estate plans up correctly, keep them up to date, or even title their assets properly - and as many as 60% of Americans don’t have a plan at all.

That’s why today, we’re diving deep into the very basics of estate planning. I’m joined by Garrett Griffin and Jason Salinardi, Barber Financial Group’s estate planning attorneys. With over 30 years of combined experience, they have expert knowledge in counseling our clients on transition & succession planning, estate freezing techniques, and gifting strategies.

In the first part of our conversation, we discuss what it means to have a will and trust. We dive into will-based planning, how to title assets properly, what probate is, and why it’s so important to have a plan to settle your estate when you’re no longer here - or if you become incapable of making decisions while you’re alive.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/8

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In our previous episode, certified Medicare specialist Tom Allen and I discussed what Medicare actually is and what it’s designed to do. If you haven’t listened to Part 1 (episode 6), I strongly recommend you do so now.

There are so many nuances to health insurance, and it’s very easy to get caught in financially devastating traps if you aren’t careful. That’s why today, in the second part of our series, we continue our conversation with Tom about Medicare.

We discuss why Medicare has become so complicated and confusing, the penalties you can incur for not having coverage, the rise of Medicare Part C (aka Medicare Advantage Plans), Medicare F and G plans, and when to find a Medicare specialist who can help determine the best possible plan for you.

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For many retiring seniors, Medicare is super confusing. There are lots of misconceptions about how it works, how supplements work, and what you should be doing in your retirement years to ensure that you’re covered.

Tom Allen is a Medicare and supplemental insurance expert. Every year, he stays on top of the latest and greatest in this extraordinary complex field, and knows how to talk about it in a way that even a second grader could understand.

Today, in the first part of a two-part series, Tom joins the podcast to give clarity on the ins and outs of Medicare - what it does and doesn’t do, what it’s designed to do, and the supplemental coverage that you may want to have to protect you and your family in retirement.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/6

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You don’t have to read stories about people like Alan Stanford and Bernie Madoff or The Wolf of Wall Street to learn about scams and abuses in the financial services industry. In fact, fraud and abuse often hits much closer to home, and the growing senior population all over the world gets more likely to be taken advantage of with every passing year.

Over $3 billion is reported as lost to scammers, fraud, and financial abuse each year, but the actual number is likely much, much higher.

Today, in the third part of a three-part series, Brie and I talk through the 10 most common financial scams taking advantage of people over the age of 65. However, people all over the world well under retirement age often fall victim to these scams as well, which include medical fraud, credit fraud, and identity theft. If you want to stay protected, today’s episode is a must-listen.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/5

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When many people build their financial plans, they only envision an ideal retirement where nothing goes wrong. They assume they’re going to live long, happy, healthy lives, that nothing’s ever going to get in their way, and that the future is going to go exactly to plan.

Unfortunately, this rarely proves to be the case - and retirement plans built on this fantasy often don’t address countless “what if” scenarios that could negatively impact retirement. Assisted healthcare and long-term care, beyond insurance, can cost well over $250,000 a year.

Today, in the second part of a three-part series, we ask the toughest “what if” questions. We get into the threats that derail and destroy retirement plans, the tough conversations we need to have with family members and financial planners before anything happens, and how having a great financial plan in place can have a massively positive impact on everyone’s quality of life.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/4

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Why do we do what we do? What motivates us? These are big questions - and they apply just as much to financial services as they do everything else in our lives.

Brie Williams, the Vice President of State Street Global Advisors, has dedicated her career to helping financial advisory firms facilitate efficiency and growth beyond asset management. She’s passionate about helping people achieve better outcomes.

Today, in the first part of a three-part series, she joins the podcast to talk about the psychology underneath behavioral finance, the effects of cognitive decisions as we age, what you should expect from an advisor relationship, when it’s appropriate to discuss investments, and how to evaluate the value of an advisor and their fees.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/3

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Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

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Last week, CERTIFIED FINANCIAL PLANNER® and CPA JoAnn Huber and I kicked off the podcast with a discussion about the differences between the IRA and the Roth IRA.

However, we barely scratched the surface, and if you’re feeling confused after listening to Part 1 of our conversation, that’s okay. This is one of the most important financial decisions you will make on the road to retirement. It’s also a complicated one to answer, and there’s no clear one-size-fits-all plan that works perfectly for everyone.

In today’s episode, JoAnn and I continue discussing this important topic. You’ll hear the importance of working with an independent professional with no product to sell - someone who can assess your financial situation and create a plan every time you have a major life transition.

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To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/2

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For many people, the 401(k) is their largest asset. However, there are several different types of 401(k) plans, each of which follows a different series of rules and regulations. Choosing the wrong type of 401(k) can have significant consequences in retirement - and can drastically affect your quality of life for years to come.

To make matters worse, when a typical financial advisor tells you about the differences between 401(k)s, it’s easy to feel your eyes glossing over as you get completely lost in the details.

That’s why we’re kicking off the Guided Retirement Podcast with a two-part series on this topic. Today, CFP® and CPA JoAnn Huber joins the podcast to share a high-level breakdown - with no technical mumbo jumbo or legalese - of how each of these financial vehicles is designed to work to your advantage.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/1

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The Guided Retirement Show: Recent Episodes

Dean Barber