The Retirement Rescue Podcast: Recent Episodes
Dan Cuprill
Join Certified Financial Planners Nikki Earley and Dan Cuprill each month on the Retirement Rescue Podcast. They’ll discuss some of the most essential issues facing retirees, break down important financial planning ideas, and provide their reactions and insights on various retirement planning articles and commentary from across the financial world. It’s all to help you get a little smarter when it comes to spending your time, money and energy on preparing for retirement. You can find out more about Dan & Nikki and their firm, Money & Clarity, by visiting https://www.moneyandclarity.com/ or by calling 513-563-7526.
Many Americans were able to build up their savings accounts during COVID and now have extra cash at their disposal. With inflation on the rise, sitting on cash isn’t the best long-term strategy so what should you do with this extra money? Dan Cuprill will share nine different ways to use your cash and explain the pros and cons for each.
Key points on this episode:
2:26 – Spend it
3:24 – Put it in the bank
5:02 – Buy annuities
6:03 – Address an exposure you have in your plan
8:13 – Invest in an iBond
8:59 – Take advantage of discounted stocks/bonds
9:44 – Pay off debt
10:21 – Give it away
10:58 – Ask yourself this question
For more financial resources, visit us online: http://moneyandclarity.com
No matter where you look, there’s very little positive financial news right now. Inflation is soaring. Markets are tumbling. Supply chain issues continue. You’re probably wondering if this time is different. Let’s take a look at this current investing environment and share a few of the things we’re telling our clients.
Get additional financial tools here: https://www.moneyandclarity.com/podcasts/
What we discuss in this episode:
2:15 – Markets dropping isn’t a bad thing
4:10 – Markets aren’t linear
6:27 – Like a difficult medical procedure
8:31 – This is factored into your plan
10:00 – Moments like this are normal
Real estate prices have been soaring over the past few years and that has plenty of people worrying about a bubble coming. Rather than stressing over something that may or may not happen, take time to enjoy the rising home values. Let’s talk about how you can do that and why we think this is a great thing.
Read more and get additional financial resources here: https://www.moneyandclarity.com/podcasts/
Today's Key Points:
2:02 – Not happy about high prices?
3:40 – Is this a bubble?
5:17 – Tangible asset
5:56 – Rise in value is a good thing
7:40 – Emotions drive decisions
8:53 – What you need to understand
10:12 – What you can do now
We’ve all been keeping an eye on the events happening in Ukraine and many people have been asking us what it might mean to the economy in the near term and the long term. Today we’ll share an article we came across recently that looked at some of the biggest news events over the past few decades and how markets reached right after.
Read the article: https://www.thinkadvisor.com/2022/02/24/how-stocks-performed-after-11-global-shocks/
Read more and get additional financial resources here: https://www.moneyandclarity.com/podcasts/
What we discuss in this episode:
0:33 – Background on the article
3:24 – Events of the 1980s and 1990s
6:58 – Events of the 2000s
8:20 – Market reactions
10:35 – How will this affect you?
11:52 – Question on Social Security
Having to handle the estate of a loved one can be a difficult time because of the emotional ramifications that come along with making these financial decisions. We found an interesting article that explored the author’s personal experience with having to oversee his mother’s estate and everything that came along with that.
Read more and get additional financial resources here: https://www.moneyandclarity.com/podcasts/
What we discuss in this episode:
0:56 – Conflict in Ukraine
2:08 – The article we’re referencing
3:29 – Estate taxes
4:22 – Giving assets away before death
5:52 – Pros to giving away assets now
7:56 – Step up cost basis
9:38 – Irrevocable trust
10:51 – The biggest issue in the article
11:50 – Final thoughts
It’s impossible to ignore the rising costs in everyday expenses right now and it’s clear that inflation will need to be incorporated into planning moving forward. Today we’ll explore the impact inflation is having on retirees and pre-retirees and discuss the things you should be considering with your financial plan.
Read more and get additional financial resources: https://www.moneyandclarity.com/podcasts/
What we discuss in this episode:
0:35 – Why we rebranded the podcast
1:28 – Examples of price increases
6:20 – Two reasons for the recent inflation rise
7:00 – Used cars prices
9:45 – Look at your home value
11:48 – Real negatives to inflation
13:29 – Inflation adjustments in planning
16:59 – Inflation’s evil twin brother, taxation
18:54 – Being too conservative is actually aggressive
21:23 – Closing thoughts
The SECURE Act, when rolled out in 2020, was some of the most significant retirement legislation in years, but the government is already discussing further changes. Let’s run through the list of proposals and find out how they might impact planning in the future.
Read more and get additional financial resources here: https://www.moneyandclarity.com/2021/07/ep-166-secure-act-2-0-what-you-need-to-know/
What we discuss on this episode:
1:02 – Summer update
2:55 – Background on the SECURE Act
3:46 – RMD age increase even further
6:17 – Auto-enroll into 401k
8:00 – Catch-up contributions could increase
10:11 – Matching contributions on student loan payments
12:18 – National 401k database
The statements we’ll run though on the show today are basic common sense that nearly everyone would agree with, but our behave often doesn’t line up. Today look at these straight-forward approaches and explain what keeps us from following them.
Read more and get additional financial resources here: https://www.moneyandclarity.com/2021/06/ep-165-learning-through-uncommon-sense/
What we discuss on this episode:
0:55 – Life without masks
4:22 – Buy Low and Sell High
6:59 – Don’t pay more in taxes than you have to
9:39 – Keep costs low
11:59 – Don’t put all your eggs in one basket
14:03 – Market timing is virtually impossible
On today’s show, we’re going to be talking about financial planning in President Biden’s America. We’re past his 100th day in office, so let’s take a look at the impacts in financial planning and the markets.
Read more and get additional financial resources here: https://www.moneyandclarity.com/2021/05/ep-164-financial-planning-in-bidens-america/
What we discuss on this episode:
3:17 – Taxes
7:50 – Infrastructure
14:15 – Capital gains
17:37 – Climate
Comprehensive planning takes care of every aspect of retirement, but without it there are areas that could quickly become a calamity. Today we’ll identify five key areas where people don’t pay enough attention and end up flirting with disaster.
Read more and get additional financial resources here: https://www.moneyandclarity.com/2021/04/ep-163-flirting-with-financial-disaster/
What we discuss on this episode:
2:24 – Out of date legal documents
7:21 – Incorrect beneficiaries
10:15 – Ticking tax time bomb
14:43 – Long-term care expenses
19:12 – The 60/40 portfolio
If you’re getting prepared to file your 2020 taxes and looking ahead to the changes that might be coming this year and beyond, we’ll run through some of the key items from a very unique and challenging last 12 months.
Read more and get additional financial resources here: https://www.moneyandclarity.com/2021/02/ep-162-tax-tips-for-2021/
What we discuss on this episode:
1:45 – Stimulus payments
5:31 – Tax brackets
7:55 – Extra deductions for charity
10:36 – Required Minimum Distributions
12:55 – Home office deductions
15:14 – Filing advice
17:54 – State specific changes
18:34 – How our team assists with tax planning
As we kick of the new year, let’s talk about what statistics tell us about retirement. We found five specific stats that will surprise you and make you realize that financial planning needs to be a priority in 2021.
Read more and get additional financial resources here: https://www.moneyandclarity.com/2021/01/ep-161-5-important-retirement-statistics-worth-your-time/
What we discuss on this show:
1:51 – Have clients been nervous about the start to 2021?
3:10 – Breaking down five important statistics
3:52 – Only 17% of American workers are confident they’ll have enough in retirement.
7:30 – The average 65-year-old woman has an average life expectancy of 20.7 more years.
9:28 – Some issues that come up for women later in life
12:30 – 16.5% of country is over age of 65
17:09 – The average retiree will spend $295,000 on out-of-pocket medical expenses during retirement.
21:57 – 90% of people over 60 say a written plan is important but only 20% have one.
Dan Cuprill is back on the show today to help us sort out the economic impact the election will have as we move into a new year. With talk of the Green New Deal, student debt forgiveness, and tax changes, we’ve gotten a lot of questions about what’s next for investors. Today we’ll try to ease your mind and provide some clarity.
Read more and get additional financial planning resources: https://www.moneyandclarity.com/2020/12/ep-160-economic-outlook-following-the-election/
What we discuss on this show:
0:42 – Dan Cuprill back with us today
2:13 – What does the election mean for investors right now?
7:15 – Dan’s advice to everybody
9:04 – Unexpected bad news is what impacts the market
11:56 – Over time it doesn’t really matter
13:31 – This is why diversification is so important
14:33 – Possible economic policies of new administration
18:16 – Preparing for increased taxes
22:00 – What can we be doing right now as investors?
23:48 – Dan’s outlook for 2021
25:50 – Stay positive
26:57 – How to discuss further with Dan
Much like technology becomes outdated each year, retirement planning strategies begin to lose their effectiveness over time. Today we’ll look at five different planning ideas that have been used quite a bit before but might not have the same impact in today’s economy and market conditions.
Read more and get additional financial resources here: https://www.moneyandclarity.com/2020/09/ep-159-obsolete-retirement-planning-ideas/
What we discuss on this show:
3:09 – Let’s start with the 4% Rule
6:55 – The 10-5-3 Rule
8:40 – Move from stocks to bonds as you get older
11:20 – Get to $1 million in your retirement account and your ready for retirement.
13:17 – You’ll need less income in retirement than you needed while working.
15:56 – What’s the process for someone wanting to meet and work on these items?
Like it or not, there are certain financial challenges that women are more prone to face. Why is that? What can you do about it?
Read more and get additional financial resources here: https://www.moneyandclarity.com/2020/08/ep-158-what-financial-challenges-do-women-face-more-often/
On today's show:
1:06 - What financial issues are particularly challenging for women?
1:47 - What level of engagement do most women have in their financial plan?
4:06 - Why do so many retired women find themselves in difficult financial situations?
6:15 - What specific challenges are faced by widowed women?
7:39 - What should a husband do to prevent a mess being left behind for his wife?
8:44 - How has Nikki helped women facing retirement and financial stress alone?
We often find that people are clinging to certain ideas or beliefs that end up giving them a sense of false hope about their retirement. It’s a dangerous position to be in. Let’s explore some of the faulty thinking that ultimately leaves people underprepared for retirement.
Read more and get additional financial resources here: https://www.moneyandclarity.com/2020/07/ep-157-retirement-ready-are-you-clinging-to-false-hope/
Today's show schedule:
0:56 – How’s life in Ohio right now?
2:48 – What we’re talking about today.
3:36 – The mindset that you’ll be ready to retire when you hit a certain number.
8:15 – Belief that your income needs are going to decrease when you retire.
10:40 – Assuming that an inheritance will make up for any shortfalls in retirement.
13:27 – You’re going to ‘just figure it out’ in retirement.
14:23 – Assuming that the income estimate on our 401k statement is accurate.
16:53 – Take us through the Money & Clarity for crafting a plan.
Maybe you know you need to contribute somewhere or you’ve always contributed to a traditional IRA but have been wondering about the Roth. Nikki explains the similarities and differences between the two and explains the long-term benefits.
Show Notes & Resources: https://www.moneyandclarity.com/?p=27798
Timestamps:
1:11 - Nikki shares what her family is up to.
2:39 - There are a lot of differences between the traditional and Roth IRA.
4:00 - When you pay taxes on the Roth IRA and why that matters.
4:40 - What do the Roth IRA and traditional IRA have in common?
6:43 - Why have people have contributed to traditional IRAs instead of a Roth IRA?
9:13 - Why can a Roth IRA be so powerful?
11:34 - When is a Roth IRA a better choice?
12:48 - When should you contribute to a traditional IRA?
14:31 - Your advisor should be able to help determine which is best every year.
As investors, we’re always looking out ahead towards our goals in retirement so we’re constantly striving to move forward. But doing that can lead to us forgetting about the importance of managing what we already have. Let’s look at the important assets in our portfolio that might get overlooked and why it’s important to be evaluating your positions.
Read more and get additional financial resources here: https://www.moneyandclarity.com/2020/05/ep-155-are-you-paying-enough-attention-to-your-largest-assets/
Today's show schedule:
0:59 – How is Nikki dealing with the pandemic.
2:37 – Maybe the most overlooked thing is an old 401k.
3:25 – A surprising stat that shows we’re not in tune with our investments.
6:04 – Your house and considerations you should be making about this asset.
8:57 – Social Security - what should you be thinking about here?
11:21 – Improving your future savings potential
13:28 – Should you combine your smaller accounts?
15:09 – Diversifying is important but many times clients aren’t overlapping investments.
16:32 – How does Nikki and the team help clients manage these investments?
Over the past month, we’ve seen financial markets react to potential economic fallout from the coronavirus pandemic and it’s happened at an unprecedented pace. But how surprised should we be by this significant reaction? Dan Cuprill joins the show as we talk about the lessons we’ve learned from history, what this latest crash has taught us, and where we might go from here financially.
Read more and get additional resources here: http://moneyandclarity.com
Today's rundown:
0:46 – We’re joined by Dan Cuprill once again.
1:22 – Every 100 years there seems to be a new pandemic.
2:32 – This is affecting us all in many different ways but it’s taught us one important lesson.
5:11 – You can use history to see how markets react.
6:38 – Be calm because this is typically an investing opportunity.
7:44 – Bad news happens but you have to ask yourself this question to determine how markets will react.
8:15 – Watching cable news 24/7 isn’t going to help anybody.
10:12 – Panic starts to set in and trying to time the market will really hurt you.
12:39 – Here’s what concerns Dan within the industry.
14:49 – This is where good financial advisors earn their keep.
15:59 – How does Dan see this playing out over the next few months.
18:11 - Don’t make actions that turn out to be irrevocable in hurting you.
19:41 - A deal to make with your grandchildren.
21:21 - Over a period of time this will look normal, which is why you stick to a plan.
No one could predict how much of an impact the coronavirus would have on the market, but it’s been a rough month for everyone. Nikki will share her thoughts on this unprecedented time and talk about the conversations they’re having around the office. With all the speculation and uncertainty, now is a great time to revisit the financial truths that should be guiding your financial planning.
Read more and get additional resources here: https://www.moneyandclarity.com/2020/03/ep-153-coronavirus-and-solid-financial-truths/
Today's rundown:
0:53 – It’s an unprecedented time in the world right now.
2:45 – The economic side of the Coronavirus has already had a huge impact on many people.
4:34 – Everything has happened so quickly and unexpectedly.
6:36 – What conversations are happening in the office right now with clients?
9:53 – Let’s shift to our main conversation on solid financial truths.
10:38 – The first truth: TV can be our biggest enemy.
13:46 – The second truth: You rarely make good financial decisions when you act emotionally.
16:53 – The third truth: The market always moves in cycles.
18:40 – The fourth truth: You aren’t as risk tolerant as you think you are.
20:43 – The fifth truth: There’s no magic bullet.
22:53 – Nikki shares a message to listeners regarding the current state of the market.
After a short break, the podcast is back with some news! Dan Cuprill has handed the baton to Nikki Earley and she’s taking over the show moving forward. Today we’ll introduce you to the Certified Financial Planner and get to know who she away from the office. We’ll also talk about the future of the show as we make the transition to a new host.
Check out the show notes and get additional resources here: https://www.moneyandclarity.com/2020/02/ep-152-meet-the-new-host-nikki-earley/
Today's show rundown:
0:57 – The podcast might sound a little different today as Nikki Earley is taking over hosting duties from Dan Cuprill.
2:03 – Nikki updates news from around the office and the reason behind the name change.
3:09 – Nikki tells the story about how she and Dan originally met.
6:52 – What do you enjoy most about what you do at Money and Clarity?
8:15 – Did you make any new year’s resolutions this year? And how’s your progress going?
8:51 – Dan gave her a new book recently about organizing your life called The Bullet Journal Method
10:47 – What do you like best about working in Cincinnati and living in Dayton?
13:00 – What does a typical weekend look like for Nikki?
14:48 – Nikki has a cooking background so what dish is she best known for?
15:45 – Bengals fan? Who else do you pull for?
16:35 – The Dayton community is also excited about the Flyers basketball team right now.
18:07 – The goals for the podcast as we relaunch the show.
We get the question quite a lot about whether someone needs a financial advisor so Dan Cuprill shares a real-life example of a couple he worked with to provide a case study for how the process plays out. We’ll call them the Parkers, and we’ll walk through their first meeting, goals, needs, and how we decided they were a fit for an advisor.----more----
Today's show:
0:50 – Why it’s so important to have a plan and why we’re talking about that on this episode.
3:03 – Why I don’t off my advisor services to everyone.
3:55 – Are you prepared to stick to the plan through the ups and downs?
4:54 – Let’s take you through a case study using actual clients. We’ll call them the Parkers.
5:23 – Who are the Parkers?
7:46 – This is the question I start off by asking every potential client that comes into the office and what I found out about the Parkers.
10:05 – There was fear from the Parkers despite having a sizeable net worth.
11:04 – Here’s where a good financial comes in to play.
11:50 – Here are their goals for retirement but they had an issue with their children.
15:14 – Another big issue is they have family in a nursing home with Alzheimer’s and they don’t want to burden their children with that.
17:06 – Another interesting thing that came up in our discussion was the use of annuities and whether they should utilize them.
21:38 – If a client is just about the numbers, we’re not the firm for them. Those are irrational expectations.
22:51 – The Parkers were seeking peace of mind and a sense of freedom. That’s who can benefit from holistic planning.
24:03 – This is where your plan needs to focus.
25:45 – We had a design meeting with the Parkers to let them decide if their current plan met their needs. Once that was done, we then wrote the plan.
Read more here: https://www.moneyandclarity.com/2019/09/ep-151-meet-the-parkers-a-case-study-for-whether-or-not-you-need-an-advisor/
No one wants to think about death but thinking about how your assets will be handled when you’re gone is a necessary part of life. Effective estate planning can leave you in control of your hard-earned money and investments, but it can also make the process clear and efficient for your heirs. Using the checklist provided today will help you make all the considerations you need for your estate plan.
Read more about this topic and see the show notes here. ----more----
Take a look at the rundown for this episode:
1:00 – Why are we talking about death?
3:54 – If you don’t have a written estate plan yet, well there’s good news and bad news.
5:08 – Checklist Item #1: When was the last time you had an estate plan done?
7:35 – Do you have an appropriate power of attorney and/or backup for that?
8:40 – Your assets won’t necessarily pass according to your will. Here’s why.
9:58 – Story about a child of a client who recently dealt with an inheritance that didn’t pass through the trust like they expected.
10:59 – Should I have a will or should I have a trust?
12:39 – How you can avoid probate without a trust.
14:16 – Making sure your assets are titled correctly.
15:51 – Discussion turns to beneficiary designation.
16:33 – Life milestones that become good times to update your estate plan.
17:42 – Taxes at death that could impact heirs.
20:52 – Who can you go see for estate planning?
22:01 – Expected costs for estate planning and why paying a little more might benefit you.
Social Security benefits can be a valuable source of income when you reach retirement but deciding when to file can be difficult to determine. Should you start receiving your check at age 62 or hold out for a larger sum at age 70? We consider all of these factors and explain what you need to know on this episode.
Read more on this topic and see the show notes here.
Click the link to receive your Retirement Rescue Toolkit: https://matsonandcuprill.leadpages.co/free-tax-toolkit/
Here's a full rundown for this episode:
1:53 – Introducing today’s topic: Social Security and what you need to know
3:00 – The questions everyone asks, ‘When should you file?’ Here’s what you should consider.
4:36 – The system rewards you for waiting, but at what age is your break even point?
5:53 – Every situation is different but you need to figure out your sources for income.
7:18 – Why it’s important to get a Social Security timing analysis.
8:24 – Another factor to consider if you plan on relying heavily on savings.
9:08 – Quick of review of when you should file and things you should be considering.
"There are no stupid questions, just the stupid people who ask them." That famous quote speaks to the heart of this edition of the podcast. Join us as we seek to educate you about the financial world and answer five of the most popular financial questions we receive on a regular basis. Don't worry, these are actually pretty complex questions.
Click the link to receive your Retirement Rescue Toolkit: https://matsonandcuprill.leadpages.co/free-tax-toolkit/
Click the link for more in-depth reading in a recent blog post: https://matsonandcuprill.com/stupid-questions/
The Bern is back, and it seems the self-avowed Socialist movement is on the rise. Join us as we unpack why managed economies simply won't ever work.
Click the link to receive your Retirement Rescue Toolkit: https://matsonandcuprill.leadpages.co/free-tax-toolkit/
Click the link for more in-depth reading in a recent blog post: https://matsonandcuprill.com/the-bern-is-back/
Nobody likes to think about dying, but death is an inevitable reality. Discover what you need to do to make sure you loved ones are cared for when you die.
Click the link to receive your Retirement Rescue Toolkit: https://matsonandcuprill.leadpages.co/free-tax-toolkit/
Click the link for more in-depth reading in a recent blog post: https://matsonandcuprill.com/ep-146-dealing-with-death/
You probably have several reasons for choosing one advisor over another, but are they the right reasons? Discover why you should hire a particular advisor.
Click the link to receive your Retirement Rescue Toolkit:https://matsonandcuprill.leadpages.co/free-tax-toolkit/
Click the link for more in-depth reading in a recent blog post: https://matsonandcuprill.com/ep-145-the-right-reasons-to-hire-a-financial-advisor/
Don't let disappointment get in the way of your investing strategy. Dan shares with us how to stay the course amidst economic and political upheaval.
Click the link to receive your Retirement Rescue Toolkit:https://matsonandcuprill.leadpages.co/free-tax-toolkit/
Click the link for more in-depth reading in a recent blog post: https://matsonandcuprill.com/ep-144-disappointment/
Face it. Your portfolio stinks. It’s probably not invested as well as you think, but don’t worry, we’ve got a solution for you.
Click the link to receive your Retirement Rescue Toolkit:https://matsonandcuprill.leadpages.co/free-tax-toolkit/
Click the link for more in-depth reading in a recent blog post: https://matsonandcuprill.com/ep-143-your-portfolio-stinks/
Budgets are tricky. If you struggle with managing your own, we’ve got a process to help you save and become aware of your spending habits.
Click the link to receive your Retirement Rescue Toolkit:https://matsonandcuprill.leadpages.co/free-tax-toolkit/
Click the link for more in-depth reading in a recent blog post: https://matsonandcuprill.com/ep-142-budgets-for-people-who-hate-budgets/
Debt can be your worst nightmare. However, with the proper knowledge, consideration, and caution, it can also be a valuable tool. Dan explains.
Click the link to receive your Retirement Rescue Toolkit:https://matsonandcuprill.leadpages.co/free-tax-toolkit/
Click the link for more in-depth reading in a recent blog post: https://matsonandcuprill.com/ep-141-in-defense-of-debt/
Getting old can be tough. As you enter retirement, there are all sorts of difficulties you may face. Dan will help you plan a worry-free retirement.
Click the link to receive your Retirement Rescue Toolkit:https://matsonandcuprill.leadpages.co/free-tax-toolkit/
Click the link for more in-depth reading in a recent blog post: https://matsonandcuprill.com/ep-140-getting-old-stinks/
Boring is beautiful. On this edition of the podcast, we'll explain why a boring portfolio brings stability in retirement.
Click the link to receive your Retirement Rescue Toolkit:https://matsonandcuprill.leadpages.co/free-tax-toolkit/
Click the link for more in-depth reading in a recent blog post: https://matsonandcuprill.com/ep-139-boring-is-beautiful/
If your kids are living in your house, this one's for you. Learn why allowing your kids to live at home after college does way more harm than good.
Click the link to receive your Retirement Rescue Toolkit:https://matsonandcuprill.leadpages.co/free-tax-toolkit/
Click the link for more in-depth reading in a recent blog post: https://matsonandcuprill.com/ep-138-get-out-of-my-house/
Car buying is an art. Become a savvy shopper, and make wise decisions on your next trip to the dealership. Learn about buying versus leasing.
Click the link to receive your Retirement Rescue Toolkit:https://matsonandcuprill.leadpages.co/free-tax-toolkit/
Click the link for more in-depth reading in a recent blog post: https://matsonandcuprill.com/ep-137-dude-wheres-my-car/
There are many reasons and methods for leaving your house for your kids after you pass away. Let's go over what to do and what not to do in order to make the process as smooth as possible.
Click the link to receive your Retirement Rescue Toolkit:https://matsonandcuprill.leadpages.co/free-tax-toolkit/
Click the link for more in-depth reading in a recent blog post: https://matsonandcuprill.com/ep-136-how-to-leave-your-home/
You probably did a double-take reading that podcast title. Let us explain. There's a specific type of brain damage that eliminates someone's ability to feel fear. Surprisingly, this disability has some interesting effects when it comes to that person's investing behaviors. Dan will dive into the details of what we're talking about.
Click the link to receive your Retirement Rescue Toolkit:https://matsonandcuprill.leadpages.co/free-tax-toolkit/
Click the link for more in-depth reading in a recent blog post:https://matsonandcuprill.com/ep-135-benefits-brain-damage/
Warren Buffett is a big fan of index funds and in this episode, Dan explains why exactly that is. He defines what index funds are, the different types of them and how they compare to actively managed or selective funds. Dan also talks about beating the market and why this concept is not as effective as people think it is.
You can find show notes and more information by clicking here: https://bit.ly/2KaxSGc
No, Dan isn’t talking about James Bond this week – he’s talking all about financial bonds. He explains everything from the types of bonds there are to why bonds are providing a negative return rate this year (and why that’s not unusual). He also touches on the beauty of minimalism and how too many things cause stress and weigh you down.
You can find show notes and more information by clicking here: https://bit.ly/2K6OMcj
There are plenty of mistakes that you could make in retirement. Dan will help you avoid tragedies that might otherwise strike your portfolio.
Listen in to hear the top five money missteps he sees people make in retirement all the time. It might just save you a lot of headache—and cash—down the line.
You can find show notes and more information by clicking here: http://bit.ly/2kq93uU
There's a lot of controversy and conflicting opinions surrounding annuities. Dan breaks down how they work and what their pros and cons are. While this is one of the most controversial subjects in the world of personal finance, it really shouldn’t be. It’s a strategy, and whether or not it’s for you depends on your situation. Listen in to hear Dan's balanced take on the subject.
You can find show notes and more information by clicking here: http://bit.ly/2k5zjdN
Have you ever wondered what you can do to cut costs? The idea may seem daunting at first, but there are plenty of easy steps you can take to lessen your spending. And when you save a little here and there, that money adds up to significant savings in the end. In this episode, Dan details creative and simple ways to save money—ways that won't feel like you're making major sacrifices. Listen in to hear his advice for cutting costs without altering your lifestyle.
You can find show notes and more information by clicking here: http://bit.ly/2KVH56f
Do you remember any of your math teachers from high school? Did you ever ask them if any of their lessons would be useful in adult life? Dan details and reviews some handy math concepts that can help you plan for your financial future.
It turns out that what we learned in high school math really is useful later in life. Listen in to learn which concepts are important for building a long-term savings plan and how to use them to increase your chances for a higher rate of return.
You can find show notes and more information by clicking here: http://bit.ly/2HhlR0j
Many people can consider life insurance policies to be a boring subject matter. But Dan promises he will make the topic interesting as he educates you about it.
You can find show notes and more information by clicking here: https://bit.ly/2vGY6xB
Dan has recently been witnessing the decline in health of his beloved pet dog. In this episode, he examines the situation and extrapolates its meaning to life in retirement. Listen in to hear the lessons Dan has learned from analyzing the personality changes of his pet, and how it all relates back to finances. Caution: If you’re a dog lover, you may find today’s episode to be a little emotional. Still, it’s worth a listen. You can find show notes and more information by clicking here: http://bit.ly/2IU11Ey
You may be wondering if your advisor is the right fit for you. You may also be tempted to switch advisors based on various reasons. On this episode of Solving The Financial Puzzle, Dan details some signs of a good advisor, as well as the appropriate and inappropriate reasons for leaving one.
You can find show notes and more information by clicking here: http://bit.ly/2oXkTiR
Many people have questions about their 401k options so if youre not sure how to navigate your 401k decision making, youre not alone. Dan has some great advice on how to get started with your 401k savings whether your employer is contributing or not. He discusses specific ways you can make wise decisions that save you money and stress in the future. You can find show notes and more information by clicking here: http://bit.ly/2GY6Lfy
There have been some volatile changes in the market recently so it's time to analyze what's going on and what you need to know. Dan talks about the falling prices and what they mean to you. He also shares some historical and psychological insight into how this volatility happens and how we can react to it wisely. You can find show notes and more information by clicking here: http://bit.ly/2BFPZm9
On this episode of Solving The Financial Puzzle, Dan will be answering some of your questions and providing clarity on a few common worries and situations that effect your wallet. The questions are on a variety of topics from retirement, investments, savings, lump sums, merging 401ks, taxes and even international issues. There are some great questions from you guys that Dan has great answers and recommendations for.
You can find show notes and more information by clicking here: http://bit.ly/2BwUyyV
----more----Recent headlines have been showing us a lot about what’s going on with the economy and what changes we may be able to expect with jobs and technology. Some changes are exciting and positive while other changes can be scary if they threaten job security. On this episode Dan takes a look at some of the top headlines from bonuses being given out to self-driving cars. He provides some clarity on how to see the big picture and how this should affect how you invest and pick your stocks.
You can find show notes and more information by clicking here: http://bit.ly/2BiXxuY
There are way too many myths surrounding investing that a surprising amount of people actually believe. Don’t be fooled by some of the so-called stock market knowledge that may be hurting you or people you know. On this episode Dan shares the top three myths that tend to confuse people and lead them in the wrong direction.
You can find show notes and more information by clicking here: http://bit.ly/2DUnuiM
When it comes to cars and houses, buying and leasing are both popular options for ownership. Let's explore which may be the best for you based on your lifestyle.
The tax act that was recently passed will be making a lot of changes to the United States' tax code. Dan breaks down the many ways these new changes could affect you going forward.
As you visit with friends and family throughout this holiday season, you'll hear a lot of financial advice from them and from the media that may not be the best for you. Dan breaks down what to watch out for when people discuss personal finance tips with you.
Dan answers some listener questions about home ownership in retirement, portfolio diversity, DIY planning, and more.
Dan takes a close look at the Bitcoin craze. Should you rush to learn all that you can about cryptocurrencies or just ignore the fad?
It's time to examine the new tax code laws making their way through Congress and how they could impact your retirement.
It is important to consider your family when planning for retirement. Learn about leaving a legacy and about talking to your kids about finances.
Join us with special guest Allison Liddle, where we discuss the ins and outs of setting life goals.
Learn the proper techniques and strategies for passing on your wealth to your children.
Find out what investment strategies you can employ as this year enters its final quarter.
In this week's episode, we pay homage to Jimi Hendrix by examining three major planning flaws we see almost daily.
In this edition, we discuss how unreasonable expectations can doom a strategy before it even begins.
Determining when you can retire is one of the most popular questions we receive. Let's find out when it's best for you to finally hang up your worker's hat.
There are too many sloppy financial plans out there. Make sure yours runs like a well-designed machine.
We'll discuss the different levels of tolerating financial risk. We'll also talk about the best way to find your risk tolerance.
We'll talk about planning your retirement and some of the math that just doesn't add up in the process.
We'll discuss the differences between an advisor's sales pitch and a real plan to help.
We'll talk about the importance of having an emergency fund and preparing for market crashes.
We'll take your listener questions on conservative investing, the future of tax rates, and more.
Technology has changed the way we approach financial planning today. We'll talk about the pros and cons of these technological tools.
Nobody enjoys having a conversation with the awkward, proverbial elephant in the room. Today we'll discuss the financial "elephants" you might be overlooking in your portfolio.
We like to stay in touch with our listeners. On this edition of the podcast, we'll take your listener questions on nursing homes, Roth IRAs, and more.
It is becoming more and more common for parents to help out their grown children with finances. However, too much dependence can put strain on the parents' finances. We'll give you some tips for when it's time to cut the cord and help your children become more financially independent.
We often receive questions that begin with "how do you know?" On this episode, we'll help you discover how you will know the answer to these common financial planning questions.
In this "Tales From The Tax Side" segment, we'll talk about how the small peninsula of Gibraltar operates under tax rules that are different from what most countries have.
On this episode, we'll answer your listener questions on topics including rental properties, long-term care insurance premiums, and market growth.
It's no mystery that healthcare costs are on the rise. We'll talk about the impacts that this can have on your finances and how to better prepare for your future.
It seems like every web page has an FAQ page, answering the most frequently asked questions about that particular business or service. But in retirement, sometimes it's those questions that rarely get asked that end up being the most important. We'll cover some of those "un-asked" questions on this week's podcast.
When it comes to investing, it's important to look past those shiny sales brochures and pay attention to the fine print. We'll make sure you're not overlooking the details. We'll also cover the mistakes people make in a divorce and much more.
We'll explain some of the universal retirement truths and the problems facing clients who have lost a spouse on this week's show. And is getting a tax refund actually a good thing? Dan will break it down on this week's Solving The Financial Puzzle.
We'll show you why 401(k)s aren't always the best investment vehicle on this week's show. And Nick Rosenbauer stops by again to cover the five essential documents that make up a solid foundation of an estate plan.
On this edition of the show, we'll examine the consequences of keeping bad habits around in your financial life. Nick Rosenbauer will join us as a special guest to highlight some of the top estate planning myths we should be aware of. And don't miss this week's Tales from the Tax Side story... The Terminator makes an appearance.
Game shows are a lot of fun to watch on television, but when you turn your retirement plan into one, it's probably not a good thing. On this edition of the show, we'll discuss the perils of planning for retirement like you're a TV contestant. We'll also go through some popular social security myths, and we'll talk about famous Walters on Tales From The Tax Side.
When making an investment, it's easy to overlook the details as you prepare to sign your name on the dotted line. However, it's important to read the fine print. Otherwise, you could end up in a financial mess. On this edition of the show, we'll talk about the importance of those pesky details. We'll also explain some of the financial mistakes people make when faced with the sensitive circumstances of a divorce. All that and much more.
Have you ever had to clean out a cluttered closet? It's a pain, but feels so good once it's done. On this week's show, we'll use that as a comparison to see what it's like to get decluttered from a financial perspective. We'll field your questions about maxing out your retirement savings accounts, 401k rollovers, and reducing risk. And if that's not enough, we'll uncover some of the top money mistakes pre-retirees make and discuss how you can achieve financial independence in retirement.
What would happen if we started a reality TV show for CPA's? We'll think up some challenges that we'd put them through and see what kind of financial lessons we can learn from this off-the-wall idea. We'll also give you a rundown on the ins and outs of income planning and the importance of rebalancing.
Before flying a plane, it's important to make a pre-flight checklist. The same goes for retirement. We'll talk about how you can make a checklist so that your retirement takes off smoothly. We'll also take your listener questions.
Sometimes major life events, whether they're personal or work-related, can wreak havoc on your finances. We'll talk about some of the ways to rethink your financial planning approach if you find yourself in one of these situations. We'll also take your questions and discuss some of the top beneficiary mistakes when it comes to your accounts.
When you begin building your retirment plan, it's likely you'll make some rookie mistakes along the way. However, you'll want to make sure you don't keep making them well into retirement. We'll identify some of these rookie mistakes, and as always, we'll take your email questions. On Tales From The Tax Side, we'll share with you the story of some creepy tax elves.
It seems every New Year's Eve, people make resolutions that simply won't last. This year we want to help you make some financial resolutions we think you'll be able to complete. On this week's edition of Solving The Financial Puzzle, we'll also talk about the financial indicators that should tell you if your portfolio is in trouble. All that and more on Solving The Financial Puzzle.
Most people realize the importance of having an attorney present when building a legacy plan. However, they often forget the importance of consulting a financial planner as well. On this week's edition of Solving The Financial Puzzle, we'll discuss the financial implications of your legacy plan, and why you should consult an adivsor when crafting one. We'll also take your listener questions and talk about much more.
Have you ever tried putting your toothpaste back in the tube only to learn it's an impossible task? More importantly, are you wondering how toothpaste could possibly relate to the financial world? If either of these questions apply to you, be sure to listen to this week's edition of Solving The Financial Puzzle. In addition to our toothpaste analogies, we'll take your listener questions on rising interest rates and discuss some of the tax mistakes people make.
Divorce is a complicated and challenging time that unfortunately, some couples must go through. Today, we'll talk about the financial mistakes you'll want to avoid when going through a divorce. We'll also discuss the importance of those pesky details in the fine print of your financial documents.
It's easy to catch yourself thinking about the way things used to be. This week, we'll do a little bit of financial reminiscing. In Tales From The Tax Side, it's "over the river and through the woods." Plus, we'll be sure to take some of your listener questions.
We'll walk you through the different stages of retirement planning. We'll also talk about risk aversion and what that really means for your financial portfolio. Finally, in Tales From The Tax Side, we'll have a Coke and a Tax.
The last decade before you retire is essential to preparing yourself for what Dan has called "permanent unemployment." On Today's show, we'll lay out some of the priorities you need to focus on before you draw your last paycheck. Later on, we'll also help you debunk some of those financial "rules of thumb." All that and more on Solving The Financial Puzzle.
This week we'll try to dispense some wisdom to those of you who like to take risks with your portfolio. After all, you don't want to find yourself peniless in retirement. We'll also help you plan for the unexpected and take your listener questions. In Tales From the Tax Side, Justin Bieber will make an appearance and we'll even discuss Canada. Don't worry, Dan isn't planning his post-election move. To find out how Canadian pop stars could possibly relate to the IRS, tune in to Solving The Financial Puzzle.
We'll teach you how to recognize the voice of greed when it pops into your head. And are you playing the guessing game as you prepare for retirement? Nikki Early joins us to tell us why that's such a bad idea. Dan will answer some listener questions about investing to pay for a wedding, choosing between taxes and risk and how to tell if your adviser or broker is paying enough attention to you. And on Tales from the Tax Side, we're talking football and politicians.
Are you a late bloomer? We'll talk about the things to consider if you're beyond 50 years of age and thinking that you might be behind when it comes to retirement planning. We'll also cover some of the common 401k mistakes we see and answer listener questions about early retirement, social security and what to do with your current adviser if you're about to move across the country. Plus we'll talk about tax lessons we can learn from a former member of SEAL Team Six in "Tales from the Tax Side".
This week we'll take your listener questions and discuss just how much of your portfolio should be invested in bonds. We'll also talk about legacy planning and some of the tax consequences different types of accounts carry. All that and more on Solving The Financial Puzzle.
This week we'll take your listener questions and discuss how to make sure your love ones will be financially secure long after you're gone. We'll also learn some financial values from the "Greatest Generation." All that and more on Solving The Financial Puzzle.
This week we'll take your listener questions and discuss whether to hold investments that keep your money locked up for extended periods of time. We'll also try to explain some financial jargon, and in Tales From The Tax Side, we'll examine how The Magnificent Seven could possibly relate to the IRS. All that and more on Solving The Financial Puzzle.
This week we'll take your listener questions and discuss the dreaded required minimum distribution rule. We'll also talk about the ways you and your spouse might be messing up your retirement plan. All that and more on Solving The Financial Puzzle.
This week we'll take your listener questions and discuss what rising interest rates mean for your retirement plan. We'll also discuss three types of investing and some different types of "income gaps" you should factor into your retirement. All that and more on Solving The Financial Puzzle.
This week we'll take your listener questions and discuss why reverse mortgages tend to do more harm than good. We'll also talk about some seemingly obvious investment strategies that people tend to miss out on. All that and more on Solving the Financial Puzzle.
This week we'll take your listener questions and discuss whether it's a smart decision to combine assets with your significant other in a second marriage. We'll also highlight some of the differences in planning for retirement today versus thirty years ago. All that and more on Solving The Financial Puzzle.
This week we'll take your listener questions and discuss investing in high dividend stocks. We'll also talk about some classic TV characters and how they might relate to financial planning. All that and more on Solving the Financial Puzzle.
This week we'll take your listener questions and discuss whether to cash in your life insurance policy once the kids are out of the house. We'll also play a little game of Fact of Fiction, and in Tales From The Tax Side, we'll learn about the mafia's latest cash cow; cigarettes. All that and more on Solving The Financial Puzzle.
This week we'll take your listener questions and try to determine just how much money you'll need to retire. Later on, we'll talk about what it means to be "ready" to retire, and we'll also outline some retirement planning pitfalls to be aware of. All that and more on Solving The Financial Puzzle with Dan Cuprill.
This week we'll take your listener questions and discuss what you should do when a financial advisor offers you a "cookie cutter" retirement plan. Later on, we're campaigning to Make Retirement Great Again, but we promise to stick to financial talk. In Tales From The Tax Side, we'll show you how reality TV could possibly relate to tax planning. All that and more on Solving The Financial Puzzle.
This week we'll take your listener questions and discuss whether it's a good idea to hire more than one financial advisor. Later on, we'll list some financial pet peeves, and in Tales From The Tax Side, we'll try to figure out how Mark Zuckerberg pays his taxes. All that and more on Solving the Financial Puzzle with Dan Cuprill.
This week we'll take your listener questions and discuss sending your kids off to college. Later on we'll take a look at the Financial Commandments. Don't worry. They're only four of these. Finally, in Tales From the Tax Side, we'll take a peek into the wallets of the rich and famous. All that and much more on Solving the Financial Puzzle with Dan Cuprill.
This week we'll take your listener questions and discuss what to do with excess cash. Later on, we'll drop some financial truth bombs and then take a look back at past financial decisions. All that and more on Solving the Financial Puzzle.
This week we'll take your listener question and discuss the controversial topic of annuities. Later on we'll examine the financial lessons that can be learned from the childhood classic jigsaw puzzle. We'll also talk about some outdated financial rules, and In Tales From the Tax Side, we'll do our best to protect prepare you for tax threats that can seemingly come out of left field.
This week we'll take your listener questions and discuss what you should be looking for in an advisor as you prepare to retire. Later on, we'll tackle the tough financial issues facing a spouse after they have lost a loved one as well as the difficult situations women often find themselves in during retirement. In Tales From the Tax Side, it's Harry Potter and the Deathly Tax Bill. Want to know how the Muggles' tax problems relate to the Wizarding World? Listen to find out.
This week we'll take your listener questions and discuss the pros and cons of buying bonds during this time of market volatility. Later on, we'll give you a brief history lesson on major market meltdowns and how they affected investment portfolios. Finally, in Tales from the Tax Side, we'll examine some interesting ways celebrity run-ins with the IRS. All that and more on Solving the Financial Puzzle.
Dan gets the week off for this show as Financial Coach Nikki Early steps in to educate us about the things people think they're doing right (but they're probably not). We'll also discuss financial profiling, important financial laws and answer your questions on the local listener line.
This week we'll take your listener questions and discuss the dread of paying your debts before you retire. Later on, we'll take a look at forgotten financial accounts that could be re-purposed to use your money more efficiently. We'll also talk about people who despite their best intentions often give bad financial advice. Finally, in Tales from the Tax Side, learn how Muhammed Ali's estate might be in for a bout with the IRS.
This week we'll take your listener questions and discuss the dangers of reading those "ten stocks to buy now" articles. Later on we'll talk about the different stages of retirement planning and the financial implications of risk aversion. Finally, In Tales from the Tax Side, what's up with local governments always trying to tax our soda intake? Listen to find out.
This week we'll take your listener questions and discuss life insurance, nursing home care, and retirement planning for divorcees. Later on we'll teach you how to set some financial goals and how to look out for some lies people tell you in the financial planning industry. Finally, In Tales from the Tax Side we'll learn how professional golfer Phil Mickelson found himself financially "in the rough."
This week we'll take your listener questions and try to help you determine how well you can expect your conservative investment account to perform. Later on, we'll show you how parenting and investing are more alike than you might think. We'll take some pointers from the silver screen, and finally, in Tales from the Tax Side, we'll try to determine why some corporate executives are content to work for peanuts.
This week we'll take your listener questions and among other things try to determine exactly what you should do with that chunk of inheritance money from your family. Later on, we'll tackle the problem of planning based on financial estimates. We'll see how good Dan is in a financial pop quiz, and finally, in Tales From the Tax Side, how do gamblers, billionaires, and kings all relate? Listen to find out.
This week we'll take your listener questions and discuss selling your home, cutting losses on bad investments, and the age old question of investing in bond funds versus individual bonds. Later on we'll examine both some constant and changing factors to prepare for in retirement. Finally, in Tales From the Tax Side, we'll tell the tale of two similar yet very different tax returns.
This week we'll take your listener questions and discuss the rule of one hundred, selling your home as you prepare to retire, and the implications of a second marriage on your finances. Nikki Earley joins us later on to talk about key mistakes even the most diligent savers can make. We've also got some good news and bad news for you. But don't worry; we'll give you the bad news first. Finally, in Tales from The Tax Side, estate planning is crucial. Just ask the family of the Artist Formerly Known as Prince.
This week we'll take your listener questions and discuss among other things the best place to invest for income in retirement. We'll also take some tips from the fitness world and learn how they just might make you financially fit. Later on in the show, it's Tales from the Tax Side. Believe it or not, even the President has to pay his taxes, but is he overpaying? listen to find out.
This week we take your listener questions and tackle some tough issues like when to start drawing Social Security. After that, we'll try our best to de-bunk some financial myths. Finally, on Tales from the Tax Side, how tax havens, Chris Christie, and clogged freeways all go together. And it's not what you may think. Listen to find out.
This week we take your listener questions and discuss among other things a popular financial Catch-22. After that, it's Financial Jeopardy followed by some of the false assumptions small business owners make about their retirement. Finally, on Tales from The Tax Side, how sunny places, shady people, and a Panamanian law firm made many financial miscreants quite wealthy.
This week we'll take your listener questions and discuss commodity investing, life change, and understanding your financial advisor. Later on we'll discuss predicting the market, the dangers of expecting a downturn, and America's third rail in politics, Social Security. Finally on Tales from the Tax SIde, why some presidential candidates' proposed tax plans may not be that far fetched after all.
This week, we'll take your listener questions and discuss investing in annuities, vacationing in retirement, and comparing your retirement portfolio to those of others. In Women & Wealth, we take a look at the dangers of analysis paralysis. Finally, in Tales from the Tax Side, how in the world do politics, magic tricks, and tax plans go together? Listen to find out.
This week we'll take your listener questions and discuss Social Security, opting out of annuities, and looking after your parents in retirement. In Women & Wealth, we'll take a look at five ways to become more financially engaged. Finally, in Tales from the Tax Side, discover what Sally Field, Chris Rock, and the Oscars all have to do with taxable gifts.
This week we take your listener questions and discuss pension funds, social security, and the election season. In Women & Wealth, advisor and wealth coach Nikki Early shares with us ten things she wishes all women knew about money and finances. Finally, in Tales from the Tax Side, we share a story of tax planning done right.
This week, we take your listener questions and address the looming issue of three decades of unemployment, also known less menacingly as retirement. On Tales from the Tax Side, sometimes it pays to be rat. How does that relate to my financial plan? Listen to find out!
This week, we'll take your listener questions and discuss adjusting your portfolio in a volatile market, replacing your pension, and the tax implications of a 401K rollover. In Women & Wealth, we'll take on some of the common myths in financial investing. Finally, in Tales from the Tax Side, it's men, boys, price, and toys...how a bright-red Ferrari could prove costly in estate taxes.
This week we'll take a look at your questions regarding inheritance and outsmarting the stock market. We'll also discuss investing in times of tragedy and some red flags to look out for when selecting your personal financial advisor. Finally, on Tales From the Tax Side we'll discuss the importance of coming up with a game plan when preparing to tackle the IRS.
On this week's show we answer your questions about "safe" money, paralysis by analysis and taking investing advice from CPAs. Nikki Early joins the show to fill us in on some of the financial challenges that women face. We analyze the wrong questions that investors tend to ask. And on Tales From The Tax Side we're tackling Bernie Madoff and Ponzi schemes.
On this week's show we're talking about great expectations in the financial world, plus what you need to know about predictable income in retirement. We'll answer your questions about the stress the recent market decline has caused you, life insurance concerns and how to get a tax free retirement. On Tales From The Tax Side we'll spin garbage into gold, sort of.
How do you decide what mutual fund to buy? What are the tax implications of a large windfall of money from the sale of a home? Can you plan your retirement all through a spreadsheet? We'll answer all those listener questions and tell you how to watch out for unscrupulous advisers. Plus, does Dan agree or disagree with some recent intriguing statements made by some high-profile folks in the financial world. And of course, we'll have Tales From The Tax Side this week, featuring The Alamo!
On this week's show we'll cover strategies for investing in a bear market and answer your questions about Roth conversions while you're unemployed and whether you should follow your broker's advice to "chill out." We'll talk in depth about why Wall Street makes things so complicated and Dan will bust some retirement planning myths. And don't miss Tales From The Tax Side this week... It features great quotes from Reagan, Nixon, Bush, Carter, Lincoln and Perot. And a bonus this week, find out how you can get Dan's free report "Tax Free Retirement".
On this week's show we'll analyze the lies we tell ourselves and address some of the key planning tips for couples. We'll answer your questions about putting your kids on the payroll, what to do about the recent stock market correction and catch-up provisions in retirement savings plans. Plus, on Tales From The Tax Side we'll learn about tax saving advice from the financial elite.
On this week's show we discuss some of the half truths of the financial world. These are things that financial professionals are known to say, but only tell half the story. Dan helps us peek behind the curtain to get the full truth. We're talking about supermodels on Tales From The Tax Side, answering your questions about immediate annuities, severance packages and how to leave a legacy without bankrupting your own retirement. And lastly, speak, sit and (401k) rollover.
On this week's show we wish you a Happy New Year! And from a financial standpoint we'll talk about some of the financial resolutions you might want to make this year. We'll also examine some of the excuses people make for their bad financial decisions and answer your questions about RMDs, annuities and what to do if you make too much money to contribute to a Roth. Plus, on Tales From The Tax Side, we'll hear about how the Grinch saves a ton of money on his taxes...
On this week's show we answer listener questions about "robo advisors", relying on inheritances and Roth vs. Traditional IRAs. We'll show you how estimating your way through a retirement plan can go wrong. Sinbad, Val Kilmer and Nick Cage all make appearances in Tales From The Tax Side. Kick back and enjoy the show while you enjoy the holidays!
Now that the Fed is raising interest rates, how does Dan think equity markets will react? On this show we'll also answer your questions about personal and small business taxes and we'll go over some of the essential things for you to think about when it comes to constructing a proper income plan. In Tales From The Tax Side we'll look at some not-so-ethical IRS agents who will make Santa's naughty list this year. Speaking of which, Merry Christmas and Happy Holidays to you all. Enjoy the show!
On this week's show, we'll answer your questions about whether it's a good time to buy bonds and what's the catch on a 7% annuity. Also, what are the important ages and milestones when it comes to retirement planning? We'll walk you through them and tell you how to focus your energy. We'll tell you how to plan for things that are unpredictable in the financial world and on Tales From The Tax Side we're going on campus...
On this week's show we'll let you know what questions you should ask your current adviser, or even one you're thinking about working with for the first time. In Tales From The Tax Side, we'll learn why Uncle Sam knows when to "hold'em". We'll analyze some thought provoking statistics about Baby Boomers and answer your questions about vacation homes, Roth IRA alternatives and being your own broker. Hear about all that on this week's Solving The Financial Puzzle.
How do you decide what mutual fund to buy? What are the tax implications of a large windfall of money from the sale of a home? Can you plan your retirement all through a spreadsheet? We'll answer all those listener questions and tell you how to watch out for unscrupulous advisers. Plus, does Dan agree or disagree with some recent intriguing statements made by some high-profile folks in the financial world. And of course, we'll have Tales From The Tax Side this week, featuring The Alamo! Enjoy the show.
On this week's show we'll answer your questions about last-to-die life insurance, planning for potential nursing home costs and the right time to take social security. Plus, Michael Jordan is the subject of Tales From The Tax Side. And we'll use some uncommon sense to talk about how you can better prepare for your financial future. All that and more on this week's Solving The Financial Puzzle. (And by the way, Happy Thanksgiving).
This week we answer your questions about limited options in 401ks, the different types of life insurance and how to tell if your broker is suggesting something to you just so they get a commission. And how big of an impact can procrastination have on your financial future? We'll also cover some of the financial "rules" you need to know (or not follow). And would you sell a body part for a new car? Learn about that story in this week's "Tales From The Tax Side." It's all apart of this week's Solving The Financial Puzzle.
This week we'll answer listener questions about Roth IRA conversions and leaving an old 401K with a former employer. Plus we'll listen to some of the things the voice of wisdom says, so we can drown out the voice of greed. In Tales From The Tax Side we'll talk about Coca Cola. And we'll talk about the all-important Financial Red Zone. Don't know what it is? Then you need to listen this week!
On this week's show we answer listener questions about "robo advisors", relying on inheritances and Roth vs. Traditional IRAs. Plus we put Dan to the test with a multiple choice financial quiz. We'll show you how estimating your way through a retirement plan can go wrong. Sinbad, Val Kilmer and Nick Cage all make appearances in Tales From The Tax Side.
This week we cover the important ages during the retirement planning process. We answer listener questions about bonds, annuities and longevity planning. How do you plan for different retirement uncertainties? We'll cover that, plus we'll have another great story during Tales From The Tax Side.
On this week's show we answer questions about managing investments during a divorce, diversification and how to eliminate some financial stress from your life. We'll also explore how a financial coach is different from an adviser. Plus, why you might want to utilize life insurance, even if the kids are out of the house. And don't forget our favorite segment, Tales From The Tax Side... This week we pay homage to the late Yogi Berra. So take a listen!
In this special edition of Solving The Financial Puzzle we discuss the three biggest mistakes people make with their money. We also address the epidemic of people (and especially small business owners) overpaying on their taxes and how many don't know the proper way to handle a Roth conversion. Also, do mutual funds stink? Dan answers that question for you, plus much more on this week's episode.