Retire With Integrity Podcast with Brian Bowen: Recent Episodes

Brian Bowen

Brian discusses various topics regarding retirement including income, taxes and wealth preservation. This podcast is for anyone who wants to be prepared when they are ready to retire.

What can the game of golf teach us about retirement planning?

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Well, you’re retired. Now what? Some people subscribe to the “first year rule,” which says that the majority of your best retirement months will all take place in the first year of retirement. So how can you be strategic during that first year and set the tone in the right way, both emotionally and financially?

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If you’re heading out on a road trip, there’s a long checklist of items that you want to be sure you haven’t forgotten. And in retirement planning, some of those exact same items need to be addressed. Let’s look at some of the items that should appear on both your road trip checklist and your retirement planning checklist…

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Let's take a look at some of these classic Beatles lyrics from approximately sixty years ago and see if they might relate to your financial plan today…

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Let’s take a look at another best-selling book to see how many of these principles align with what a financial advisor has to say. Ramit Sethi, a Stanford grad who claims most money advice is outdated, wrote the book, “I Will Teach You to Be Rich” and then went on to host the Netflix show, “How to Get Rich.” Let’s explore a few of his concepts…

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When most people think of milestone ages, they think of ages like 50, 60, 65, or 70. But turning 62 can also be a big milestone, and the decisions you make in that year can set the stage for many of your retirement plans. Let’s talk about some of the reasons it can be a milestone and questions you need to have answers to…

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Today on Retire with Integrity, Brian welcomes a special in-studio guest, attorney Daniel Crandall Esq.- a respected personal injury lawyer with over 45 years of experience in Roanoke Valley. They discuss how legal expertise and thoughtful planning can protect your assets, especially when dealing with injury settlements and tax considerations. Plus, Daniel shares his inspiring journey to owning a successful law firm that’s helped countless families over the decades.

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We have another in-studio guest with us today! Zach Shaffer joins Brian to share his journey from learning and growing in business to owning multiple successful ventures, including an AAMCO Transmissions franchise.

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A lot of people have questions about their retirement plan, but we find that they could often be asking much better questions…

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Today, Brian sits down to chat with Ty Walker of Smoke In Chimneys, an abandoned 1930s trout hatchery reborn in the hills of the Appalachia.

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An increasing number of Americans are reaching millionaire status. What are some of the most common strategies they're using to achieve this?

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In this episode of the Retire with Integrity podcast, Brian Bowen and Brett Sharp discuss the current state of Social Security and its implications for retirement planning. They explore the importance of having a comprehensive financial plan that includes considerations for estate planning, wealth management, and lifestyle changes in retirement. The conversation emphasizes the need for proactive health and fitness strategies to enhance the quality of life during retirement, as well as the significance of charitable giving and family support in financial planning.

00:00 The State of Social Security and Retirement Planning 09:56 Understanding Wealth Management and Estate Planning 20:12 Navigating Retirement Transitions and Lifestyle Changes 29:58 Health and Fitness in Retirement: A New Perspective

In this episode of the Retire with Integrity podcast, Brian Bowen and Brett Sharp discuss the complexities of Social Security taxation, the importance of financial planning, and strategies for navigating business and real estate sales. They emphasize the need for proactive tax planning to avoid unnecessary losses and highlight the hidden fees in investment products that can erode retirement savings. The conversation also touches on the significance of understanding one's financial situation and the potential for tax efficiency through various strategies.

In this episode of the Retire with Integrity podcast, Brian Bowen and Brett Sharp discuss various financial strategies for the new year, focusing on investment approaches, diversification, tax planning, and the importance of holistic financial planning. They explore the challenges of retirement savings across different states, the high cost of living in places like Hawaii, and the necessity of risk management in investment portfolios. The conversation emphasizes the need for asset protection and building wealth outside of traditional retirement accounts, encouraging listeners to think about their financial futures with a comprehensive approach.

00:00 - New Year, New Financial Resolutions 02:54 - Investing Strategies for 2024 05:46 - Diversification Beyond the Stock Market 08:48 - Tax Planning Essentials for 2024 12:08 - Retirement Savings by State 14:53 -The Cost of Living in Paradise 18:14 -Risk Management in Investment Portfolios 20:57 -Holistic Financial Planning Approach 24:08 -The Importance of Asset Protection 26:54 - Building Wealth Outside Retirement Accounts

In this episode of the Retire with Integrity podcast, Brian Bowen and Brett Sharp discuss the pressing concerns of retirees, particularly focusing on inflation, long-term care, and the dynamics of the real estate market amidst fluctuating interest rates. They explore how these factors impact retirement planning and the financial security of older Americans, emphasizing the importance of proactive financial strategies.

This week Brian discusses the pros and cons of using HELOCs, emphasizing the importance of using the funds wisely and considering the potential risks. He also explains the benefits of seller financing in real estate transactions and highlights the tax advantages it offers. Additionally, Brian discusses the impact of interest rates on different types of investments and provides insights into making sound financial decisions.

00:00 Introduction
00:49 Discussion on Home Equity Lines of Credit (HELOCs)
02:10 Exploring the Benefits of Seller Financing in Real Estate
06:13 Impact of Interest Rates on Investments
09:03 Considering Tax Implications in Financial Strategies

Brian and Brett are back and in this episode they discuss the anticipation and anxiety surrounding a potential interest rate cut by the Federal Reserve in September. Thery explore the impact of interest rate cuts on the economy, investors, and savers. The conversation also touches on topics such as mortgage rates, inflation, and the future of Social Security. Additionally, the hosts discuss the importance of financial education and mindset in achieving financial goals.

00:00 The Anticipation and Anxiety of an Interest Rate Cut
01:57 Buying Opportunities in a Market Downturn
03:23 The Impact of Lower Interest Rates on Borrowers and Savers
04:23 The Current State of Mortgage Rates
09:34 Inflation and its Effect on Middle-Class Americans
15:18 The Importance of Financial Education and Mindset

In this episode of the Retire with Integrity podcast, Brian Bowen and Brett Sharp discuss the role of finance in retirement confidence. They share a story about a prospective client who was confident in his investment portfolio but had not considered tax planning or other strategies. They emphasize the importance of financial planning beyond just investing, including tax planning, estate planning, and building wealth through various avenues. They also discuss the difference between investing and saving, and the need for super savers to be more open to taking risks. The episode concludes with a discussion on different investment scenarios based on the timeline of needing the money.

01:28 The Core of Financial Planning 05:18 Investing vs. Saving 10:01 The Impact of Competition in Finance 14:10 Taking Risks as a Super Saver

In this week's episode of the Retire With Integrity Podcast, Brian and Brett talk about a wide range of topics related to retirement planning, financial strategies, real estate considerations, and health implications. They delve into the impact of regional bank regulations, the significance of location in real estate, retirement age comparisons, tax planning strategies, and the importance of estate planning. Additionally, they guys discuss talk about what it takes to get a good night sleep.

00:00 Introduction to Retirement Planning and Financial Strategies 03:16 Real Estate Considerations and Location Impact 06:24 Retirement Age and Implications 08:13 Tax Planning Strategies and Social Security Concerns 12:59 Estate Planning and Legacy Considerations

In this episode, Brian Bowen and Brett Sharp discuss the importance of being a good financial role model for children, the challenges of retirement planning for business owners, and strategies for protecting and growing business assets. They also cover the topic of emergency savings, the role of Social Security in retirement planning, and the concept of single premium immediate annuities (SPIA) for retirement income.

00:00 The Importance of Being a Financial Role Model for Children 03:15 Challenges of Retirement Planning for Business Owners 06:34 Strategies for Protecting and Growing Business Assets 11:18 Understanding Emergency Savings and Financial Preparedness 13:46 The Role of Social Security in Retirement Planning

In this episode, Brian Bowen and Brett Sharp discuss the possibility of interest rate hikes by the Federal Reserve and the impact on the economy. They emphasize the importance of individuals taking control of their own financial lives and increasing their financial IQ. They also discuss the significance of understanding clients' fears, conflicts, and dying wishes when working as a financial advisor. Additionally, they touch on the topic of Social Security benefits for married couples and the potential tax benefits of not being married.

00:00 Introduction and Speculation on Interest Rate Hikes 03:13 Taking Control of Your Financial Life 06:06 Understanding Clients' Fears and Conflicts 09:28 Social Security Benefits for Married Couples

In this episode, Brian and Brett discuss various topics including an unusual way to dole out a man's inhertiance...with a posthumous scavenger hunt! The guys also discuss gift taxes, the importance of comprehensive financial planning, the rise in gold sales, and the need for a retirement plan. They emphasize the importance of collaborating with different advisors and taking the time to plan for retirement. And also discuss french fries being considered a "luxury".

0:00: French fries are a luxury? 4:03: Understanding Gift Taxes and Their Implications 8:49: The Importance of Comprehensive Financial Planning 13:09: The Need for a Retirement Plan: Even if Early Retirement Isn't the Goal

In this new episdoe Brian and Brett talk about various topics including the Federal Reserve's interest rate cuts, commercial real estate loans, selling rental properties, and long-term healthcare insurance. The hosts discuss the potential impact of interest rate cuts on the real estate market and the challenges faced by commercial real estate investors with balloon payments. They also provide insights on selling rental properties and the tax implications involved. Additionally, they debate the need for long-term healthcare insurance and the importance of analyzing the costs and benefits.

Brian and Brett talk about creative ways to reduce tax burdens, such as giving property deeds to farmhands or getting married on paper. Brian also talks about and helps you to understand more aabout opportunity zones and 1031 exchanges. He also emphasizes the importance of knowing the tax rules and planning for the five D's: death, disability, divorce, disagreement, and distress. The guys also discuss advice for business owners and real estate investors on how to minimize taxes, pass on wealth to the next generation, and create exit plans

00:00 Creative Ways to Reduce Taxes 02:47 Exploring Tax Strategies 05:44 The Limits of Tax Planning 13:02 Planning for the Five D's 21:30 Creating Exit Plans 23:13 Seeking Advice and Considering Estate Planning

In this episode, Brian Bowen interviews Damon Gatier, a successful real estate agent and business owner. Damon shares his journey from various occupations to finally pursuing his dream of becoming a real estate agent. He emphasizes the importance of coaching and mentoring in his success and highlights the value of continuous learning and personal growth. Damon also discusses his strategy of diversifying his business ventures and acquiring other businesses. He shares insights into the challenges and rewards of transitioning businesses and the importance of having a clear vision and desire for success.

02:49 How Damon got to into Real Estate 06:05 The Importance of Coaching and Mentoring 09:04 Diversifying Business Ventures 10:54 Acquiring and Transitioning Businesses 14:13 Family and Future Succession 15:48 Owning Multiple Businesses 21:08 Closing Remarks

In this episode, Brian Bowen and Brett Sharp discuss Qualified Charitable Distributions (QCDs) and their benefits for individuals over retirement age. The guys also explore the impact of mortgage interest rates on real estate and the considerations for downsizing or relocating. They highlight the retirement crisis faced by late Baby Boomers and the importance of thorough financial planning. Overall, the episode emphasizes the need for proactive tax planning and comprehensive financial strategies.

06:03 The Importance of Tax Planning 08:23 Benefits of Charitable Gift Annuities 10:10 Setting Up Nonprofits and Charitable Trusts 12:32 Considerations for Downsizing or Relocating 16:22 Retirement Crisis for Late Baby Boomers 18:13 Impact of the Great Recession 20:07 The Importance of Financial Planning 21:33S tock Market Performance in Election Years 23:46 Importance of Estate Planning and Power of Attorney

In this episode, Brian Bowen and Brett Sharp talki about Jeff Bezos' tax savings after moving to Miami. They then discuss the tax benefits of moving to Florida and other states with no income tax. The conversation shifts to the recent market drop and indicators of a possible recession. They also emphasize the importance of knowing one's retirement savings and share a story about the challenges of managing finances after a spouse's death. There's much more so please listen to har what else the guys are talking about.nt.

01:50 Tax Benefits of Moving to Florida 02:44 Market Drop and Recession Indicators 05:03 Importance of Knowing Retirement Savings 06:23 Challenges of Managing Finances After Spouse's Death 13:13 Increasing Financial IQ for Retirement 19:43 Building a Comprehensive Retirement Blueprint 20:10 Finding Purpose and Activities in Retirement

In this episode, Brian Bowen and Brett Sharp discuss the futility of trying to time the market and the importance of investing in a recession-resistant portfolio. They highlight the concept of the all-weather portfolio, which aims to provide steady returns with lower risk. The conversation then shifts to the Federal Reserve's role in evaluating inflation and the potential for rate cuts. Brian emphasizes the need for individuals to take control of their financial future and not rely solely on market timing. Also, if you're a business owner don't miss Brian's take on the importance of exit planning.

00:30 Is it Possible to Time the Market? 03:24 Investing in a Recession-Resistant Portfolio 06:12 The All-Weather Portfolio 09:35 The Ineffectiveness of Timing the Market 10:30 The Federal Reserve and Inflation 13:41 Taking Control of Your Financial Future 15:38 Understanding Personal and Enterprise Goodwill 19:47 The Importance of Enterprise Goodwill 23:31 Building and Growing Your Business 24:46 Preparing for an Exit

In this episode, Brian Bowen and Brett Sharp discuss the top 10 tax strategies that all wealthy people must know. They cover a range of topics including cost segregation, captive insurance, defined benefit plans, tax loss harvesting, 1031 exchanges, opportunity zones, estate taxes, 706 portability, intermediate installment sales, and qualified small business stock. These strategies can help individuals and business owners reduce their tax liabilities and maximize their wealth. As we heaed into tax season these are things you need to know.

00:55Tax Tip #1: Cost Segregation
03:01Tax Tip #2: Captive Insurance
05:46Tax Tip #3: Defined Benefit Plan
06:44Tax Tip #4: Tax Loss Harvesting
08:04Tax Tip #5: 1031 Exchange
10:28Tax Tip #6: Opportunity Zones
15:08Tax Tip #7: Estate Taxes
19:49Tax Tip #8: 706 Portability
22:08Tax Tip #9: Intermediate Installment Sale
24:30Tax Tip #10: Qualified Small Business Stock

In today's episode, Bian Bowen gives Brett Sharpe a lesson in investing in real estate, specifically turning an old hotel into an apartment building and selling self storage units. They cover topics such as financing options, starting small in real estate, finding deals, asset protection and estate planning. As well as the value of consulting and education, and tax implications when selling self storage units. The conversation emphasizes the importance of financial coaching and seeking professional advice when making significant financial decisions.

Brian Bowen discusses various tax reduction strategies and planning techniques. He explores creative ways individuals have tried to reduce their tax burden, such as unconventional marriages and moving to different states. Brian emphasizes the need for comprehensive exit planning and the consideration of the five Ds (death, disability, divorce, disagreement, and distress) when creating an exit strategy. He also highlight the significance of involving trusted advisors in the planning process.

00:29 Creative Tax Reduction Strategies
05:17 Legal and Ethical Tax Reduction
10:32 The Importance of Planning for the Five Ds
13:09 Depreciation Recapture and Selling a Business
21:36 Exit Planning for Real Estate Owners

In this episode, Brian Bowen discusses the impact of interest rates on the real estate market, the potential changes in home values, the government deficit, and political corruption. They also delve into estate planning and tax strategies, as well as retirement planning for individuals without children.

Interest Rates and Real Estate (00:29)
Home Values and Market Changes (02:22)
Estate Planning and Tax Strategies (09:16)
Retirement Planning without Children (11:06)

In this episode, Brian Bowen and Brett Sharp discuss the 1031 exchange and its benefits for real estate investors. They explain the process of a 1031 exchange and the importance of finding a qualified intermediary. Additionally, they explore various tax strategies for selling a business, suggested by the governemnt! That's kinda crazy, right? Some tips like negotiating the sale of a sole proprietorship and selling a partnership interest. They highlight the advantages of opportunity zones and the benefits of employee stock ownership plans (ESOP) for business owners and employees.

What is a 1031 Exchange (:29)
The process of the 1031 Exchange (3:23)
The tax benefits of a 1031 Exchange (7:46)
The government is giving out tax tips? (12:23)
Opportunity Zones and tax deferrals (16:26)

In this episode Brian dives into the things you should be considering at this time of year when it comes to taxes. Whether you're a business owner or an individual, check out what Brian has to say about dealing with taxes and your retirement money. He talks about folks he has helped and ways that you can pay what you have to but hopefully nothing more.

Offsetting taxes from a business sale (1:03)
When do start asking for help when selling your business? (3:46)
How many tax strateies are a good fit for you? (10:10)
Are you getting advice from the right people? (18:45)

In this episode, brian runs down a whole bunch of things including an NFL player who put his paycheck online and offered financial advice to go with it. Also, Brian & Brett talk about the Rule of 72 and how hat works as well as year end tax tips we can all learn something from. Plus, the importance of an HSA and how that could work in your favor for retirement.

NFL Money Tips (:34)
Rule of 72 (3:46)
Year End Tax Tips (8:56)
Reasonable Compensation (14:58)
HSA Accounts (18:20)

In this episode Brian reacts to the news of a possible upcoming recession as well as chagnes to your Required Monthly Distribution. Also, are interest rates affecting treasury bonds and how does Brian really feel about the high rates of today. Plus a lot more talk of the things that affect your retiremnt money.

Here are the topics Brian talks about on today’s show:

· Recession news (0:24)

· Treasury Bonds & interst rates (04:55)

· Social Security age question (07:02 )

· RMD requirements changing (10:05 )

· "Death Tax" talk (15:54 )

More American small businesses than ever are filing for bankruptcy and in this episode Brian Bowen talks about why he believes that's happening. Also, Brian and Brett discuss buying gold from Costco and what affect the continuing growth of artificial intelligence may have on the financial world and ultimately your retirement.

Here are the topics Brian talks about on today’s show:

· Small business bankruptcies (0:30)

· Buying gold from Costco? (11:24)

· Artificial Intelligence & it's affect on your retirement (16:48 )

This episode, Brian Bowen the best ways to deal with getting out of your business when you no longer want to be working. Also, don't get surprised by taxes in retirement! Brian talks about what he and his team do to help you avoid that kind of situation. Homeowners in America have a huge amount of equity in real estate right now, find out how much and what you should be doing with yours. And finally, does your car know more about you than it should? Brian and Brett dive into that as well.

Here are the topics Brian talks about on today’s show:

· Is your car spying on you: (0:00)

· Integrity Inbox - Selling Your Business & Taxes (3:00)

· Dealing with unexpected taxes in retirement (12:15 )

· The amount of home equity in America is how much? (22:03)

In this week's episode, Brian Bowen talks about retirement age and how you should aproach yours. Also, global oil production and the effect it will have on our continuing battle with inflation. Remember the regional banking crisis earlier this year? Well, more fallout from that could affect your account. And if you're looking at buying or selling a home, there's kind of a stalemate between both sides. Who holds the cards right now in real estate? brian talks about that as well. Plus, Brian and Brett discuss DiGiorno's newes pizza idea.

Here are the topics Brian talks about on today’s show:

· Comparing world wide retirement ages (1:06)

· IOil prices and U.S> inflation (8:32)

· Bank crisis fallout (11:13 )

· Who holds the upper hand in real estate? (17:28)

Brian Bowen tackles a lot of stuff in this week's episode. Things that affect your retirment and ways for you to deal with them. He answers the question how hard is to plan for retirment, really? Also, did you know that you are a money role model for your kids and grandkids? And what Gen Z thinks about the future of scial security, is better than what others think about it? And Brian talks with Brett about the return of classic Atari games as they stroll down memory lane.

Here are the topics Brian talks about on today’s show:

· Required Long Term Healthcare (1:53)

· Is Retirment Planning That Hard?(5:40)

· Are You A Good Money Role Model? (12:33 )

· Gen Z's Social Security Outlook (16:15)

Oh there's a lot to get through in this episode. Brian and Brett talk about the guy who was behind the movie The Big Short and his predictions for the economy . Also, the current state of the real estate market and what the means for us in retirement as well as how important is a perfect credit score of 850, really? And, if you're a coffee drinker, a new study out shows the relationship between caffiene and how much you spend. Listen to find out what that's all about.

Here are the topics Brian talks about on today’s show:

· The Big Short (1:40)

· Real Estate Stand Off (3:07)

· Credit Score of 850 (11:57 )

·The cost of cleaning up greenhouse gasses?(18:45)

In this episode Brian and Brett talk about market fears and if those afraid to stay in the market find gold to be the answer. Also, how big is the credit card debt in our country? Brian talks about how big it really is and how this happened. A long time company goes bankrupt and what that could mean to all of us. Plus, has it really come tho this? Stores having to lock up ice cream, listen to find out why.

Here are the topics Brian talks about on today’s show:

· Yellow Freight Bankruptcy (7:40)

· Is gold the answer (12:00)

· Credit card debt is huge (12:55)

·Are we in for a hard or soft landing?(16:10)

Thios week Brian & Brett discuss everything from the hazards of pickleball to truly understanding what you have financially. Brian discusses how to best plan for retirement now that we as a group are living longer. Also, understanding financial risk and how far are you willing to go with it. Do you truly understand where you are financially? A lot of us don't so Brian talks abotu the best ways to bring your financial picture into focus.

Here are the topics Brian talks about on today’s show:

· Financial Risks (7:40)

· Legacy Planning (12:00)

· Understanding Your Finances(7:21)

In this episode, Brian and Brett talk about a lot of things concerning your retirement. They discuss a strategy known as the "do nothing portfolio" and whether that's a good idea or not. Also the perils of not having an estate plan in place as well as what are the top 10 worst states to live in? FInd out why in this episode.

Here are the questions Brian answers on today’s show:

· Worst States (:50)

· Do Nothing Portfolio (2:05)

· Estate Planning (7:21)

· The Inbox - How To Sell Your Business (18:50)

In this episode, Brian Bowen talks about the expected increases to Medicare. Are you ready for these kinds of things in retirement? Having a financial plan for your retirement years that anticipates all the obstacles is just what Brian and his team can help with. Also, Brian and Brett talk about Artifical Intelligence (AI) and it's effect on our day to day lives as well as the phenomenon of phubbing. What is phubbing? Listen to fine out.

Here are the questions Brian answers on today’s show:

· Phubbing (1:27)

· A.I. (5:36)

· Wind Power Or nOt To Wind Power (12:46)

·Rising cost of Medicare(19:30)

In this episode, Brian & Brett talk about a new scam to watch out for, this one is aimed at buisiness owners. Also, why is Costco talking recession and why it is so important to actually listen to the fiduciary from whom you're seeking advice.

Here are the questions Brian answers on today’s show:

· Costco talks recession (0:33)

· ERC Tax Break Scams (6:31 )

· Listen To Your Gut? (15:10)

There are a lot of moving pieces in retirement and keeping track of it all is not easy. Do you have forgotten 401K's? Are we in for another rate hike? What happens just 6 months shy of your 60th birthday? Brian talks about these topics and more in this episode.

Here are the questions Brian answers on today’s show:

· Forgotten 401K's (0:12)

· Saving on taxes in retirement (4:50)

· What happens at age 591/2? (17:24)

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When you’ve made your small business both your livelihood and retirement plan, there’s a lot to sort out when you’re ready to sell it. Brian answers a question from the mailbag from someone ready to wash his hands of owning and running a storage facility. What can he do to avoid a big tax bill?

Here are the questions Brian answers on today’s show:

Mailbag: Ready to sell a storage unit facility, but how can I limit my taxes? (0:20)
Mailbag: What should I know about a charitable lead trust? (12:04)
How do I teach the next generation? (19:04)

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Are you prone to making these major mistakes when it comes to taxes and overpaying? You have to be looking at your income and looking at your deductions and strategize in order to avoid major tax mistakes. Are you doing everything you can do? One of the keys to cutting taxes is timing. What other strategies should you keep in mind?

Here’s what you’ll learn on today’s show:

What are the most expensive tax mistakes? (0:12)
Pay attention to what you’re going to pay in taxes. (4:28)
Realize that the calendar can be used to your benefit. (5:32)
Missing depreciation is a big mistake. (8:17)
Don’t overlook medical expenses. (15:19)
You don’t want to forget about car and truck expenses. (19:56)
Skipping a plan for your taxes is a huge mistake. (22:34)

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We all have things that bother us. What kinds of things bother financial advisors like Brian? In this episode, Brian shares his biggest pet peeves in the financial industry, such as hidden fees, and how he advises his clients about them. He also answers a question from the listener mailbag and sheds light on the private wealth division.

Here’s what we talk about on today’s show:

Mailbag: What do I do about taxes when selling an apartment building? (0:12)
Pet peeve: Hidden fees! (11:34)
What qualifies Integrity Financial Planning to work in the private wealth division? (17:19)

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It’s quiz time! How would you grade your financial competency? Join us as we ask some critical questions when it comes to your finances. Stay tuned and test your knowledge by seeing how many of these questions you can answer! At the end of this episode, Brian will also answer a few questions from the mailbag.

Here are the quiz questions as well as two questions Brian answers from the mailbag:

Do you know how much you have? (0:29)
Do you know how much risk you have? (5:37)
Do you know what you’re paying in fees? (8:25)
Mailbag: I’m a beneficiary of my sister’s life insurance, but her ex says it should be his. (11:07)
Mailbag: Is it true that I need 15-20 times my annual salary saved to retire comfortably? (18:58)

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What financial commandments should you be following? In this episode, we talk through what “thou shall” and “shall not” do when it comes to your finances and retirement planning. Brian shares some client examples of what this can look like and how to stay on the straight and narrow in order to reach your financial goals.

But before we jump in, we'll talk through some market predictions, how your net worth could be impacted by the current environment, and what to keep an eye on in the coming months. Stay tuned for some valuable insights and tips for making more informed financial decisions.

Here’s what you’ll learn on today’s show:

What should high net-worth individuals watch out for the next several months? (0:12)
Will the Fed reverse the rate hike? (9:22)
Thou shall not compare your investments to the stock market without the proper context. (11:40)
Thou shall not give up before giving your strategy enough time. (15:15)
Thou shall not chase big returns too late in life. (18:12)
Thou shall not ignore costs and fees. (21:30)

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One listener recently inherited her father’s farm and an IRA and is thinking about cashing it all out in order to retire. Is this a good plan? In this episode, Brian reflects on some of his own experiences with moving and selling farm property and also shares his philosophy as a financial planner.

He's what we'll discuss in this episode:

Mailbag: After inheriting the family farm, is there anything wrong with selling it and retiring? (0:12)
What is Brian’s financial planning philosophy? (11:33)
What happens when people take the right amount of risk? (15:15)

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When you meet with a financial advisor are they addressing your entire portfolio? More than simply IRAs and Roth investments, your advisor should see the whole picture. A major part of the picture is understanding tax-efficient investing. From 1031 exchanges to municipal bonds, you want to make sure to leverage your best options.

It’s also important to understand what your life looks like in retirement and how your investments will support that lifestyle. In this episode, Brian answers two questions from business owners trying to understand their best options moving forward.

Here’s what we cover on today’s show:

What are tax-efficient investments? (0:13)
A 1031 exchange could be a good option. (2:52)
What can you do with real estate when in retirement? (5:56)
Mailbag: Will selling my business provide enough income in retirement? (11:37)
Mailbag: What should I do about my inherited pizzeria business? (18:26)

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What if you could reduce one of your biggest expenses? For some, taxes are a major expense, so it’s vital that you are strategic about your taxes, both now and in the future. If your tax rate is in the high 20s and 30s, that bill could amount to a high portion of your total costs. In this episode, Brian talks through several strategies people consider when it comes to minimizing taxes and whether you should incorporate them into your financial plan.

Here’s what you’ll learn on today’s show:

How can you reduce your biggest expense? (0:12)
Should you max out retirement accounts? (11:44)
What is a back-door Roth? (12:34)
Should you contribute to an HSA? (15:36)
Is it worth contributing to a 529? (16:30)
How should you use charitable gifting strategies? (17:58)
There’s a new lottery winner in Virginia. (19:45)

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What does it mean to be an accredited investor? Brian talks about what’s required and what it looks like if you qualify. The options are different for an accredited investor, which has come up for some of his clients in need of creative solutions such as a 1031 exchange. Another question is, are reverse 1031 exchanges legal? Later in the show, Brian shares about helping his clients through a 1031 exchange.

Here’s what you’ll learn in today’s show:

What is the role of an accredited investor? (0:21)
Are reverse 1031 exchanges legal? (9:45)
Do I need to save more for retirement to maintain my lifestyle? (12:49)
What client examples does Brian have about 1031 exchanges? (19:36)

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Knowing what we know now, past decisions might have been made differently. As the saying goes, hindsight is 20/20. When it comes to investing money, you don’t want to make detrimental mistakes that will leave you wishing you’d made different decisions in the past. In today’s episode, we’ll discuss why you shouldn’t take the same financial risks in retirement as you might have in your 30s and 40s.

Here’s what we’ll discuss on today’s show:

An example of how investors can make emotional decisions. (0:30)
Not realizing how much risk you had moving into retirement. (5:33)
Wishing you waited to take Social Security options. (6:40)
Mailbag: Can I do a 1031 exchange? (10:50)
New major business coming to Virginia. (18:13)

Get Additional Information: https://financialplanningva.com/podcast/

Are you ready for some spring cleaning? More than just your closet or garage, you might want to assess what’s in your financial closet. You might not want to address everything in there, but it would be wise to review it with your advisor. We’ve all made bad financial decisions, you just have to learn from them. In this episode, Brian shares some tips on how to clean up your financial closet.

Here’s what you’ll learn on today’s show:

Visiting with a financial advisor is like opening up a financial closet. (1:39)
Why Brian enjoys the process of organizing financial messes. (5:50)
How can you start to begin organizing your financial life? (8:19)
Mailbag: Business owner, ready to retire. What now? (11:50)
Mailbag: Do I have to take a distribution every year on an inherited IRA? (18:55)

Get Additional Information: https://financialplanningva.com/podcast/

From financial plans to home remodeling, it’s common to be tempted to DIY your way there. But should you? When you do it on your own, you may be swayed by emotions or confusion. Financial planning can be complicated. Have you thought about taxes or estate planning or when to withdraw and from where?

Having a financial advisor can help navigate those emotions and decisions so you can feel more at ease. From retirement income to tax strategies on an investment property, Brian shares what options you might have.

Here’s what you’ll learn on today’s show:

Why shouldn’t you plan retirement by yourself? (0:12)
What having a pension can look like. (4:06)
Tax planning plays a key role in financial planning. (7:42)
Is there such thing as guaranteed income in retirement? (11:14)
Bonds are more predictable but still not guaranteed. (15:47)
Mailbag: What do we do about the taxes on selling our lake house? (18:46)

Get Additional Information: https://financialplanningva.com/podcast/

If you are a small business owner (or want to be), there are a lot of financial decisions you have to make. From investing in the right industries to knowing how to sell the business when you are ready to retire, a good financial advisor can point you in the right direction. Brian answers three questions from the mailbag that cover selling a business, being strategic about your business taxes, and learning more about real estate investment trusts vs. owning real estate.

Here’s what you’ll hear on today’s show:

· Mailbag: What should I know about selling a business to retire? (0:12)

· Mailbag: Where do we begin with business taxes and depreciation? (11:11)

· Mailbag: What is real estate investment trust? (18:07)

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There are a number of common questions that come up around owning a home. From paying off the mortgage quick to selling off several acres of land, Brian shares what you need to know about this important asset. You may be surprised to learn how important your tax strategy is when it comes to real estate investments.

Here’s what you’ll hear on today’s show:

Should I try to pay off my home quickly? (0:27)
Your first call should be to a financial planner before a realtor before selling major real estate. (2:21)
Tax strategies can impact your financial decisions about selling real estate. (4:35)
How has Brian helped women navigate becoming a widow from a financial standpoint? (11:31)
Mailbag: Should I have all my investment, taxes, and legal documents all handled by the same firm? (19:34)

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When you own a business, you have a lot to care for. While you’re busy juggling everything to keep the business going, you might be overlooking these five dangerous things that can leave you in a lurch should you one day face them. Instead of winging it, make a plan and prepare for the possibility of one of these five things: divorce, disability, distress, disagreement, and death.

You might not know when you’ll exit the business if one of these things come up, so make a transition plan now to protect what you’ve built.

Here’s what you’ll learn on today’s show:

What are the five D’s that challenge business owners? (0:21)
How can you better prepare? (4:30)
What happens when a spouse inherits the business after a death? (8:20)
Mailbag: What can we do about capital gains taxes before moving? (12:31)
How you can others with charitable giving. (19:52)

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Brian Bowen has his Certified Exit Planning Advisor (CEPA) designation, which means he’s in a unique position to advise busines owners in that transition process out. So many things could go wrong and a CEPA can be a huge asset to you, your family, and your future.

In this episode, we’ll talk about the role the CEPA plays in the process and the decisions that need to be made during this exit process. If you’re a business owner and haven’t started thinking about retirement, this episode should be very valuable.

Here some of what we discuss today:

· What is a Certified Exit Planning Advisor? (0:46)

· An example question from the CEPA exam. (6:00)

· A Yogi Berra quote that applies to financial planning. (10:31)

· “A nickel ain’t worth a dime anymore.” (15:19)

Get Additional Information: https://financialplanningva.com/podcast/

Real estate can be a very lucrative investment but it can also be an extremely difficult piece of the portfolio to manage. There are highs and lows to real estate, but like everything else in the financial planning world, it may or may not be a good tool for you.

In this episode, we have two great questions to answer that deal with managing real estate investments and the taxes associated with them. Brian will break down both of the questions and work through the process he would typically take to help someone determine an answer.

Here are the questions Brian answers today:

· Mailbag question about minimizing taxes on real estate investments. (0:15)

· Mailbag question on whether investing in an apartment property is worth it. (8:17)

Get additional financial resources here: https://financialplanningva.com/podcast/

With tax season upon us, you might be wondering what areas you can save on with your taxes. The goal is to keep as much of your own money as possible and proper planning can help you accomplish that. Today we'll answer two questions from the mailbag about taxes.

Here are the questions Brian answers today:

Mailbag: How can I save on taxes on a building purchase? (0:17)
What is a 1031 exchange? (3:09)
Mailbag: How can I help save on taxes as a successful business owner? (6:42)

Get Additional Information: https://financialplanningva.com/podcast/

What does it mean to invest like a genius? We talk about the common characteristics among intelligent people and how you can apply those characteristics to your investing strategies. Then, Brian answers two questions from the mailbag about money in retirement.

Here’s what we discuss on today’s show:

Highly intelligent people are adaptable. (0:42)
Geniuses understand how much they don’t know. (2:52)
Talking about your mistakes helps. (6:52)
Mailbag: Ready to sell my business to retire. Should I set up a trust? (10:49)
Mailbag: Do I have enough to retire? (17:47)

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How are your resolutions doing so far? If you haven’t made any yet or have dropped the ones you started, maybe it’s time to pick up some financial resolutions.

Brian talks about what you’ll want to do to get the year started off right. Then we talk about some things that happen in life, good and bad, and how to prepare for them financially.

Here’s what we discuss on today’s show:

What financial resolutions should you adopt? (0:12)
Do you understand what you’re invested in? (4:12)
Stop giving away retirement money in hidden fees. (5:59)
Get a financial review when moving to a new job. (11:04)
Receiving an inheritance is easier to walk through with an established relationship with an advisor. (12:32)
Saving in an HSA can help with medical expenses now and later. (15:09)
Prices are going up. (18:19)

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If inflation is the silent killer of retirement planning, what can you do about it? On today's show, Brian talks through the rule of 72, how it relates to inflation, and how understanding this rule can impact your financial plan.

Whether it’s real estate, the stock market, or business growth, apply the rule of 72 to see how long it takes to grow your money into what you need. We'll also talk about how people handle risk throughout their lives and how risk, inflation, and stock market volatility play into your financial plan.

Show Highlights:

Is the rule of 72 to be followed? (0:12)
The older you get, the less you're open to risk. (5:45)
Remember to stick with your financial plan. (10:18)
What do richer Americans have in common? (14:51)

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We all want to know that we have enough for retirement when the time comes. Brian answers a question from the mailbag from someone who previously thought she couldn’t afford retirement but has since realized her pension would provide more than she thought. Is it enough to retire though? How do you figure that out?

Here are the listener questions Brian answers today:

Mailbag: Should I pay off a home with my inheritance? Which one? (0:12)
Mailbag: Do I have enough to retire with my pension? (11:31)

Get Additional Information: https://financialplanningva.com/podcast/

Over 30 years ago, a mentor in the business taught about “The Financial house”. With the New Year here, we want to help you get your Financial House in order.

Every house needs a good foundation, and this lesson will help you make sure your foundation is strong. Let’s jump in!

Here's some of what you’ll learn on this episode:

The three parts of the Financial House. (3:57)
Do you have a functional budget? (6:11)
Getting your financial documents in order. (12:44)
Weighing risks and insurance. (18:47)

Get Additional Information: https://financialplanningva.com/podcast/

You may have heard of a donor-advised fund, but is that really what you should have as a part of your financial plan? Brian talks about another option you might want to know about: charitable trusts. He shares more about the different types of charitable trusts and why you might want to consider them. Then, he plays “fact or fiction” about these financial ideas and decisions.

Here’s what you’ll learn about on today’s show:

The benefits of charitable trusts vs. donor-advised funds. (0:12)
Fact or fiction: the media can be your biggest enemy. (10:28)
Fact or fiction: Emotions are rarely your friend when making financial decisions. (11:15)
Fact or fiction: The market always moves in cycles. (13:03)
Fact or fiction: You probably aren’t as risk-tolerant as you think. (14:34)

Get Additional Information: https://financialplanningva.com/podcast/

Some of the greatest coaches inspire their teams to do well. Today we look at quotes from famous coaches and apply the same wisdom to our financial lives. Then, we discuss the seven deadly sins and how to avoid them when saving, spending, and strategizing with your money.

Here’s what you’ll learn on today’s show:

“Nobody who ever gave his best regretted it.” (0:13)
“Your problems never cease, they just change. (5:51)
“Adversity is an opportunity for heroism.” (7:08)
What are the seven deadly sins of retirement? (9:20)
The number one problem with men when investing. (9:37)
Keeping up with the Joneses relates to this sin. (16:47)
Anger can cause your judgment to be clouded. (18:33)
How do you weed out greed? (19:27)

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“Making a list, checking it twice, going to find out who’s naughty or nice…” Which of these financial advisor scenarios would put an advisor on the naughty list? Brian shares what he thinks about these situations and what is expected of a trustworthy advisor.

Which one of these things are naughty and which ones are nice? Listen to find out!

Limiting client meetings to once a year. (0:24)
Having an asset minimum for prospective clients. (4:20)
Making changes without a discussion with the client. (7:41)
Refusing to wire money without a verbal confirmation. (10:09)
Providing only positive testimonials. (13:43)

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Mutual funds have been a popular way to invest, but are they what’s best for your financial plan? Brian talks about what happens with a mutual fund, who has them, and what might be a better fit instead. According to Brian, mutual funds are kind of like driving a 1987 Astrovan. Is that the kind of vehicle you want to travel in?

Here’s what you’ll learn about mutual funds on the show:

Mutual funds are popular, but do people really understand them? (0:13)
If you want a tax-efficient portfolio, what strategy should you use? (4:00)
What can you do about taxes? (6:01)
What is the complimentary blueprint plan? (7:12)
Mailbag: What’s my first step to selling a $5M business? (9:41)
Home sales fell in September. What’s happening in the housing market? (16:15)

Get Additional Information: https://financialplanningva.com/podcast/

Before we close out 2022, have you considered whether or not a Roth conversion is the right move for you? Brian talks a lot about Roth conversions on the show, and today gives examples of how it can pay off in the long-run. Then we talk about the reasons why people hold onto too much cash and how to invest it better.

Here’s what you’ll learn from today’s podcast:

Now might be the time to do a Roth conversion if you meet some of these criteria. (0:12)
What mistakes do people make with Roth conversions? (7:25)
When and why should you have cash on hand? (10:52)
What’s the best way to invest more efficiently? (15:13)
How can donor-advised funds work? (20:11)

Get Additional Information: https://financialplanningva.com/podcast/

As we prepare for Thanksgiving, a lot of us are giving thanks for what we have. Many are also considering making charitable gifts to different charities before the year ends. Brian talks about the value of charitable giving and also explains the rules behind the gift tax. But first, he answers two questions from the mailbag.

Here’s what we talk about on today’s show:

What am I most likely to mess up with my retirement without an advisor? (0:15)
What should I know about a DST? (4:18)
What are the charitable gift tax rules? (9:21)
Why does Brian promote charitable giving? (19:33)

Get Additional Information: https://financialplanningva.com/podcast/

Financial planning is not the same for everybody, so it’s important to have a plan. Living below your means, saving, and investing can get you far. Just like Mr. Miyagi in the movie Karate Kid teaches discipline, you need to have discipline with your financial plan. Then, we talk about why some people don’t want to retire.

Here’s what we talk about on today’s show:

What can we learn from Mr. Miyagi in Karate Kid? (0:26)
You don’t need to know everything to succeed. (4:25)
Success doesn’t happen overnight. (5:38)
Why would someone not want to retire? (9:51)
What if you don’t have enough money to retire? (13:59)

Get Additional Information: https://financialplanningva.com/podcast/

What kind of questions and concerns do people have with the stock market right now? A lot is happening with a volatile market, so how does Brian respond? What kind of financial decisions should you make with your investments? Brian shares what strategies have worked for some of his clients.

Here are the scenarios we discuss on today’s show:

Mailbag: What are my options to reduce taxes when selling an apartment building? (0:12)
What concerns do people have about the stock market? (10:54)
Does it make sense to put your money in cash? (16:03)

Get Additional Information: https://financialplanningva.com/podcast/

Now that we are in the heart of football season, what can we learn from the game? Coach Brian is here to guide you through what you need to know when it comes to your financial plan.

We compare different football analogies to retirement planning to help you understand where you’re headed and find out if you’re making the right decisions. But first, we answer some questions from the mailbag.

Here are the scenarios we discuss on today’s show:

Mailbag: Is now a good time to invest while stock prices are low? (0:12)
When should I see a financial advisor? (2:40)
What is the financial red zone? (9:19)
What is the hurry-up offense? (15:17)
What about the victory formation? (16:51)

Get Additional Information: https://financialplanningva.com/podcast/

No one likes to talk about a budget, but is it wise to start one before going on a fixed income in retirement? Brian talks about what a budget or a spending plan can look like and why it matters. From investing choices to small business decisions, Brian answers three questions on today’s show.

Here are the scenarios we discuss on today’s show:

Do I need to start budgeting before retirement? (0:12)
Are ETFs always better than mutual funds? (2:38)
Should I still sell my business with huge taxes in store? (6:39)

Get Additional Information: https://financialplanningva.com/podcast/

Is this common or rare? We go through five scenarios that may happen throughout your financial life.

Brian shares how often he sees these situations occur among his clients and how he helps people navigate through them. You may be surprised by some of his answers!

Here are the scenarios we discuss on today’s show:

How often is someone ready to retire tomorrow? (0:23)
Do people ask for advice and then ignore it? (4:32)
Are tears often shed by clients in the office? (6:23)
Do clients unexpectedly come into large sums of money? (9:24)
Is it true that you have to save at least one million dollars? (14:27)

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What kind of retirement catastrophe can happen if you don’t plan? Right now, inflation is hitting hard, but that can often get overlooked. What other kind of hidden costs could you face? Getting sound advice on the whole picture could save you in the long-run. Later in the show, Brian answers three questions from the mailbag.

Today's show schedule:

Here’s how retirement catastrophe can occur with poor planning. (0:12)
How to plan when no one knows exactly what the future holds. (4:03)
Mailbag: How important is it to do a 401(k) rollover after leaving a job? (7:35)
Mailbag: Do I need a prenup? Should we combine our investments in marriage? (10:15)
Mailbag: What are the rules with an inherited IRA? (13:48)

Get Additional Information: https://financialplanningva.com/podcast/

What can we learn about retirement from Jerry Seinfeld? We will review some Seinfeld quotes and consider how they apply to your finances. Let’s also talk about your most significant financial assets. Are you leveraging these assets or overlooking them?

Today's show schedule:

“Sometimes the road less traveled is less traveled for a reason.” (0:24)
“It’s amazing that the amount of news that happens fits the newspaper.” (3:42)
“That’s the true spirit of Christmas, people being helped by people other than me.” (6:41)
What assets have you been taking for granted? (10:23)
Your house is your biggest asset, but how does that impact you in retirement? (14:17)
Be sure to factor in your Social Security. (17:00)

Get Additional Information: https://financialplanningva.com/podcast/

Many retirees overlook long-term care, something that Medicare does not cover. How can someone plan for long-term care?

The cost of long-term care insurance may seem too expensive, but consider the cost of that care, later on, should you need it.

Today's show schedule:

Do you know the cost of long-term care here in Virginia? (0:21)
What kind of investment vehicles could be used instead? (8:00)
When to check on the problems you might have with your retirement plan. (11:09)
How do you know if you’re doing enough to save for retirement? (17:48)

Get Additional Information: https://financialplanningva.com/podcast/

When you work with an advisor, you may have a lot of questions you need answered.

Brian takes to the mailbag today to answer questions from listeners who want help sorting through financial decisions from charitable giving to real estate.

Then, for a bit of fun, we talk through a few famous lyrics to see how they might apply to your financial life.

Today's show schedule:

After the standard deduction changed, is there still a good reason to give to charities …besides having a big heart? (0:12)
Do the lyrics “mo’ money, mo’ problems” ring true? (10:41)
When you have a pension, should you “take the money and run”? (15:11)
Find out if owning (and managing) apartments are a worthwhile investment. (17:13)

Get Additional Information: https://financialplanningva.com/podcast/

What are two important things that many of us have done or are doing? Raising kids and investing.

We talk about what these two things have in common and the work it requires over time to become successful.

The key is often having discipline. Whether in parenting, eating, or investing, discipline isn’t always easy but it is worth it.

Today's show schedule:

Consider the parallels between raising kids and investing. (0:12)
Eating a well-balanced diet is like diversifying. Are you eating right? (2:33)
You’ve got to have patience, both now and in the future. (5:16)
Uncomfortable conversations will come up…are you ready for them? (7:57)

Get Additional Information: https://financialplanningva.com/podcast/

Why is tax planning so important? What does it entail? Brian talks all about this crucial part of your financial plan.

Today's show schedule:

0:12 - Focus on reducing your taxes.

2:55 - What happens when you give up too much in taxes?

5:24 - Tax planning is so important.

Get Additional Information: https://financialplanningva.com/podcast/

What are the decisions you need to make now for your retirement, even if we’re in a recession? Brian talks about how to stress-test your plan and what to keep in mind.

Today's show schedule:

0:12 - Are we in a recession?

4:31 - What is happening with inflation?

7:07 - How do you retire with confidence?

Get Additional Information: https://financialplanningva.com/podcast/

When retirement planning, inflation can leave you with far less than you thought. Brian shares what tools we can use to plan accordingly.

Today's show schedule:

0:12 - Inflation is the silent killer of retirement planning. How do you make your money last?

6:45 - What’s keeping the market up?

Get Additional Information: https://financialplanningva.com/podcast/

Is a fixed rate annuity a wise investment choice? It all depends on your goals! Brian talks through when someone might choose to use this financial tool.

Today's show schedule:

0:12 - Is a fixed rate annuity a good idea?

6:31 - How does inflation impact this decision?

Get Additional Information: https://financialplanningva.com/podcast/

As football season nears, receiver Rob Gronkowski won’t be on the field but retired instead. While he’s done with football, his life isn’t over. Now, he’s trying to figure out what else he really wants to do with his life.

Even though most retire at an age much older than 33-year-old Gronkowski, you’ll likely want to do more than sit at home all day in retirement. What are you wanting to focus on? Having a healthy balance in regards to what you’re going to do in retirement is key. Maybe you’ll find something else you’re passionate about.

Today's show schedule:

0:12 - Football receiver Rob Gronkowski is retired and has to look toward what’s next.

4:44 - Considering real estate investing?

Get Additional Information: https://financialplanningva.com/podcast/

Why does tax planning matter for your retirement plan? Brian talks through the difference it can make and why you should pay attention to it now as a part of your financial plan.

Today's show schedule:

0:12 - Should you use the same person for tax planning and retirement planning?

3:39 - Is it worthwhile to do a Roth conversion?

Get Additional Information: https://financialplanningva.com/podcast/

What should you focus on if we face a recession? How should your financial plan be revised over time? Find out on today’s show.

Today's show schedule:

0:12 - Financial uncertainty is causing anxiety for many.

7:11 - Should we revise our plans to withstand market turbulence?

Get Additional Information: https://financialplanningva.com/podcast/

What are the risks of making emotional decisions when it comes to your money? Brian shares what he tells clients about investing and retirement planning.

Today's show schedule:

0:12 - So many football draft decisions are based on emotions.

1:44 - How often do people make investing decisions they regret?

4:44 - Do you know what you’ll be retiring to?

Get Additional Information: https://financialplanningva.com/podcast/

What does the “tool man” Taylor have to tell us about our finances? What does Brian tell clients trying to retire this year? Find out on today’s show!

Today's show schedule:

0:12 - Are any clients rethinking their retirement plans?

5:03 - People seem obsessed with how much money they are making.

Get Additional Information: https://financialplanningva.com/podcast/

When taking out your retirement income, it’s important to consider the source. New statements may make it easier to see what you have, but what should you focus on when making a retirement income plan?

Today's show schedule:

0:12 - Changes are coming to your 401(k) statement.

7:40 - Do you have a strategy in place for your retirement income?

Get Additional Information: https://financialplanningva.com/podcast/

Does your plan properly account for inflation, now and in the future? Where is the stock market headed? Let’s talk about the things you need to be thinking about right now in your financial plan.

Today's show schedule:

0:12 - Will inflation go back down?

6:05 - Is the bubble going to burst?

Get Additional Information: https://financialplanningva.com/podcast/

How can you instill wise financial decisions at a young age? Brian shares his favorite financial app for kids and teens and how these healthy habits can pay off in the long-run.

Today's show schedule:

0:12 - Brian talks about finding teachable moments for kids.

3:35 - Saving money and making wise decisions adds up.

6:06 - Do people typically have a target retirement age?

Get Additional Information: https://financialplanningva.com/podcast/

What options do you have when it comes to protecting your assets and investments? Brian discusses our current economy and shares what some of his clients have been doing about it.

Today's show schedule:

0:12 - What’s the silver lining of today’s market?

4:46 - What’s guaranteed and protected?

Get Additional Information: https://financialplanningva.com/podcast/

Should you invest everything into an index fund? What approach does Brian use that is different?

Today's show schedule:

0:12 - Where are retirees spending extra time?

2:25 - Warren Buffett suggests investing in an index fund.

Get Additional Information: https://financialplanningva.com/podcast/

How do you know what strategy is best for you when it comes to risk and retirement? Brian shares some of what he advises clients when it comes to their portfolios.

Today's show schedule:

0:12 - How do you balance assets in a portfolio?

4:16 - What do you do if you’re not ready to retire?

Get Additional Information: https://financialplanningva.com/podcast/

In the news, we’re hearing a lot about inflation and the stock market. What do you need to watch out for and what does Brian have to say about it?

Today's show schedule:

0:12 - April inflation went down, only slightly.

6:55 - The stock market has been seeing losses lately.

Get Additional Information: https://financialplanningva.com/podcast/

Do all signs point toward recession? If so, what do we do about it? Brian shares his take on what’s ahead.

Today's show schedule:

0:12 - Are we facing a recession?

2:34 - Real estate is a diversification tool.

7:10 - Some retirees are headed back to work.

Get Additional Information: https://financialplanningva.com/podcast/

What should Gen X be doing right now as they inch their way closer to retirement age? We talk through what decisions you might have and how to make the most of them.

Today's show schedule:

0:12 - Should you buy I bonds?

3:13 - When should Gen X be reaching out to a financial advisor about retirement?

Get Additional Information: https://financialplanningva.com/podcast/

Are you set up well to face all of the inflation we’ve been experiencing? What’s to come?

Today's show schedule:

0:12 - How aggressive should a retirement saver be about their plan?

4:31 - Just like a home project, add in extra time and money past what you think you need.

7:30 - Inflation is the number one problem right now.

Get Additional Information: https://financialplanningva.com/podcast/

We’re all a little hesitant when it comes to change but what is that resistance costing you when it comes to money? Let’s talk about why people avoid financial change and share some examples of what you might be missing out on.

Today's show schedule:

0:13 – Jeopardy drama

0:39 – How often do we encounter resistance?

1:22 – Client story

5:05 – Financial advisor vs planner

7:10 – Real estate

Get Additional Information: https://financialplanningva.com/podcast/

What do you need to watch out for when it comes to taxes in retirement? Brian talks through big mistakes people make and how to avoid them with solid planning ahead of time.

Today's show schedule:

0:13 - What are common tax mistakes retirees make?

4:34 - Planning software can project what you’ll be paying in future taxes.

8:04 - You want an advisor who knows how to use the software and plan accordingly.

Get Additional Information: https://financialplanningva.com/podcast/

Amidst interest rate hikes and inflation, what kind of risk do you need to weather through it? What’s a possible solution?

Today's show schedule:

0:12 - Should you go through a de-risking process?

6:07 - Are annuities the answer?

Get Additional Information: https://financialplanningva.com/podcast/

When might it make sense to work longer? Brian talks through what your time and savings might look like in retirement so you can set realistic expectations for the future

Today's show schedule:

0:12 - If we live longer, should we work longer?

3:09 - Brian shares a client story about expected returns.

6:01 - What does the best retirement package include?

Get Additional Information: https://financialplanningva.com/podcast/

When is it the right time to do a Roth conversion? Brian shares why the right time might be right now, depending on your situation.

Today's show schedule:

0:13 - Should you do a Roth conversion?

1:43 - If you convert it, what happens?

7:41 - When should you convert?

Get Additional Information: https://financialplanningva.com/podcast/

What should you do amidst rising interest rates and inflation? Brian talks through what he tells his clients and how it impacts your financial plan.

Today's show schedule:

0:13 - What’s your real risk score?

5:22 - Why are people interested in real estate right now?

8:05 - Inflation continues to go up.

Get Additional Information: https://financialplanningva.com/podcast/

What are your options besides investing in the stock market when it comes to investing in and protecting your nest egg? Brian discusses alternatives and strategies you may be overlooking.

Today's show schedule:

0:12 - Is the stock market still the best bet for generating income in retirement?

3:18 - What are the alternatives?

8:40 - How does a Roth conversion work?

Get Additional Information: https://financialplanningva.com/podcast/

When you get in a car, you put on your seatbelt. When you plan your retirement, do have any safety features set up to make sure you protect your savings?

Today's show schedule:

0:12 - Are you playing it safe?

6:22 - What are the capital gains on selling an inherited home?

Get Additional Information: https://financialplanningva.com/podcast/

What do you need to keep in mind when it comes to retirement goals? Are you setting realistic and healthy goals or taking on too much risk?

Today's show schedule:

0:12 - What are your goals?

6:31 - How does greed get in the way of our retirement plans?

Get Additional Information: https://financialplanningva.com/podcast/

Trying to figure out what to do as the real estate market is facing rate hikes and we continue to see rising inflation? Brian talks through the strategies to consider and how to best leverage your real estate investments.

Today's show schedule:

0:12 - What does Brian think about a rate hike?

3:54 - What should you know about the real estate market?

5:37 - What is a 1031 exchange?

Get Additional Information: https://financialplanningva.com/podcast/

Is there ever a good time to sell? What should you do if you think the market is about to crash? Brian shares his advice on when to consider selling your stocks.

Today's show schedule:

0:12 - When is it time to sell?

2:32 - What does your financial advisor think about your risk tolerance?

5:17 - When do you need the money?

Get Additional Information: https://financialplanningva.com/podcast/

What do you do before making a big financial decision? Have you talked with a financial advisor for coaching and advice through it? Brian shares the importance of reaching out when you need it.

Today's show schedule:

0:12 - Should you check in with your financial advisor before a major financial decision?

0:58 - You work with a lot of different experts.

2:27 - Remember you are paying for the financial advice.

6:04 - Be careful what you invest in.

Get Additional Information: https://financialplanningva.com/podcast/

Did you retire only to pick up a job again in retirement? What is happening right now with the economy? Brian shares his take and how to prepare accordingly

Today's show schedule:

0:12 - The economy is hard to read right now.

4:19 - What should you do with this uncertainty?

5:37 - What happens when people want to go back to work?

Get Additional Information: https://financialplanningva.com/podcast/

Why should you find the right investment, income stream, and tax strategy for you? Because your situation is different than your neighbor's!

Today's show schedule:

0:13 - Will multiple streams of retirement income be taxed different ways?

6:30 - What’s the million-dollar retirement plan?

Get Additional Information: https://financialplanningva.com/podcast/

What should you consider when making your financial resolutions this year? We talk through what differences you could make, both this year and beyond.

Today's show schedule:

0:12 - Can making financial resolutions improve your financial outlook?

4:09 - You’ve got to update your goals.

7:54 - Are you planning to retire this year?

Get Additional Information: https://financialplanningva.com/podcast/

What do most millionaires have in common? We discuss traits and habits of millionaires that you may want to consider when saving for your own future.

Today's show schedule:

0:12 - What traits do most millionaires share?

1:30 - What sources of income could you have?

6:36 - Are you visualizing your future self?

Get Additional Information: https://financialplanningva.com/podcast/

Annuities are tools some use as a part of their financial plan, but is it the right tool for you? Brian discusses what you need to know and look for when considering an annuity.

Get additional information: https://financialplanningva.com/podcast/is-an-annuity-right-for-you-2/

Today's show schedule:

0:12 - Economists say annuities are underutilized among retirement planners.

2:47 - A lot of annuities are not good, even though they are compliant and legal.

5:15 - Some annuities are great.

What can you really expect when working with an advisor who has your best interests in mind? How much can you withdraw in retirement? Find out how Brian approaches his work with clients.

Get additional information: https://financialplanningva.com/podcast/the-client-experience-with-a-good-financial-advisor/

Today's show schedule:

0:12 - How does Brian stand out from other financial advisors?

5:06 - Does the four percent rule still apply with inflation?

6:49 - Brian shares about a client who chose to spend too much.

Ready for a slice of fruitcake this holiday season? How about some guaranteed income? Brian talks about the CARES Act, early withdrawals, and annuities in today’s show.

Get additional information: https://financialplanningva.com/podcast/the-fruitcake-of-the-financial-world/

Today's show schedule:

0:12 - What happens when you make an early withdrawal?

3:12 - Are the people in their 30s and 40s investing enough?

5:16 - Brian shares a client story about someone sitting on lazy money.

8:05 - What’s the fruitcake of the financial world?

How does inflation fit into your plan? Without knowing what the future holds, how can you prepare for possible inflation down the line? Brian talks about how to make a plan that works for you.

Get additional information: https://financialplanningva.com/podcast/planning-for-inflation/

Today's show schedule:

0:12 - What can you do to protect against price increases?

4:57 - Should you have money sitting in the bank?

7:04 - How much do you need?

Working with a professional has a lot of advantages when it comes to your retirement. Are you working with someone on a strategic plan for taxes in retirement?

Get additional information: https://financialplanningva.com/podcast/working-with-the-right-professionals/

Today's show schedule:

0:12 - What would you sacrifice in order to retire sooner?

3:44 - Are you working with someone to create a tax strategy?

Do you have a financial plan that is ready to withstand whatever the next year may hold? We talk about sophomore slumps, real estate, and stock market volatility in today’s episode.

Get additional information: https://financialplanningva.com/podcast/having-a-plan-and-sticking-with-it/

Today's show schedule:

0:12 - Are we due for a “sophomore slump” in the stock market next year?

1:43 - What should you consider about investing in real estate?

6:24 - What do some people use for something other than intended?

What are you doing for year-end planning? Have you met with your financial advisor yet to discuss these things?

Get additional information: https://financialplanningva.com/podcast/end-of-the-year-planning/

Today's show schedule:

0:12 - What can you be doing for end-of-the-year planning?

3:02 - Should you do a Roth conversion?

7:45 - What do CPAs think?

Priorities have shifted in the pandemic, but are you really ready to retire early? What will inflation or taxes do to your nest egg?

Get additional information: https://financialplanningva.com/podcast/are-early-retirees-actually-ready/

Today's show schedule:

0:12 - Are people truly ready to retire early?

5:43 - How much is inflation really impacting you?

While we’re all ready for the pandemic to be over, it still is having an impact on things like supply chain shortages and rising inflation. We talk about what people fear when it comes to their retirement as well as what to keep an eye on this winter.

Get additional information: https://financialplanningva.com/podcast/supply-chain-shortages-and-rising-inflation/

Today's show schedule:

0:12 - The caution light is on for investors with the pandemic.

2:21 - People are worried about taxes.

4:35 - Inflation is high right now.

5:43 - Heating will cost more this year.

Have you set realistic expectations for the future? It’s important your financial plan supports the visions you have for retirement. We talk through several areas to consider to make sure your goals and realities align.

Get additional information: https://financialplanningva.com/podcast/realistic-expectations-in-retirement/

Today's show schedule:

0:12 - Do you have realistic expectations for retirement?

1:33 - Can you handle debts?

3:38 - Did you invest in the right buckets?

4:56 - Why do you need a tax strategy in retirement?

How can you protect your financial investments from market volatility? We talk about whether you should worry about it and what wise decisions you can make now that will pay off in the long run.

Get additional information: https://financialplanningva.com/podcast/are-you-worried-about-market-volatility/

Today's show schedule:

0:13 - Should you be concerned about market volatility?

3:59 - What should a financial advisor help you consider?

6:19 - Are Roth IRAs on their way out?

When you make an investment, are you considering the long-game and tax implications in the future? On today’s show, we are discussing tax consequences you should keep in mind when investing.

Get additional information: https://financialplanningva.com/podcast/consider-the-taxes-before-making-the-investment/

Today's show schedule:

0:12 - Are there any tax moves that can help with our investment strategy?

2:52 - What should you do with a real estate investment?

5:52 - What are the pitfalls of retiring early right now?

What options do you have when it comes to paying for long-term care expenses? Today, we’ll discuss if you should invest in long-term care insurance or seek out other solutions.

Get additional information: https://financialplanningva.com/podcast/long-term-care-investment-vehicles/

Today's show schedule:

0:12 - Long-term care costs are significant. Should you have long-term care insurance?

2:35 - What’s the internal rate of return?

5:27 - What’s your projected return on an investment?

7:32 - What other vehicle offers a good long-term care component?

Worried that as soon as you invest in something you’ll turn around only to hear, “And…it’s gone!” There’s risk in any investment, but it’s important to understand what kind of risk you are taking on when it comes to your money.

Read more and get additional financial resources here: https://financialplanningva.com/podcast/understanding-risk-and-protecting-your-investments-2/

Today's show schedule:

0:16 - “And it’s gone…” lesson from tv show South Park.

2:29 - People feel frustrated when their investments lose money.

3:36 - What if you don’t have time to make the money up?

5:14 - What funds does Brian use?

6:58 - If it sounds too good to be true, you should have someone look at it.

One man’s trash is another man’s treasure. So, which is it when it comes to bonds and annuities? Brain discusses some key things to know about both on today’s episode.

Read more and get additional financial information: https://financialplanningva.com/podcast/bonds-and-annuities-trash-or-treasure/

What we discuss:

0:12 - What are the pros and cons of an annuity?

4:18 - The “Bond King” recently said bonds are trash. Are they?

Similar to a football team, you want your financial plan to have a winning strategy. Are your investments and estate set up for success? Today, Brian is going to discuss having a defensive strategy for your retirement plan.

Read more and get additional financial information: https://financialplanningva.com/podcast/winning-financially-with-a-good-defense/

What we discuss:

0:12 - Football is back! Which is better: a high score or a good defense?

4:54 - What happens if things go bad?

6:08 - Do you have collectibles?

Will you panic sell if the market tanks? How can you balance your investments against your risk tolerance as well as possible inflation? Today, Brian is going to talk about preparing for these situations.

Read more and get additional financial resources here: https://financialplanningva.com/podcast/what-is-your-freak-out-factor

What we discuss on this episode:

0:12 - Will you freak out if the stock market falls?

2:51 - Let’s compare to real estate investments.

5:39 - How long will the inflation last?

How can you determine your risk tolerance and set up your investments in a way that will result in success? Today, Brian explains the maximum drawdown and how that relates to your financial plan.

Read more and get additional financial resources here: https://financialplanningva.com/podcast/what-is-your-maximum-drawdown/(opens in a new tab)

What we discuss on this episode:

0:13 - Do you have a short memory when it comes to the recession?

2:26 - What is maximum drawdown?

6:26 - The 2008 recession made a lot of people get out of the market.

8:25 - Financial woes can cause a lot of stress.

Are you considering making a move with your home or investment property? Brian talks through what decisions you may need to make if you choose to sell your home.

Read more and get additional financial resources here: https://financialplanningva.com/uncategorized/whats-happening-with-the-real-estate-market/

What we discuss on this episode:

0:12 - Is now the time to downsize your home?

6:29 - What should you think about with real estate timing?

9:56 - Inventory changes over time.

Think you want to “set it and forget it” when it comes to retirement planning? Consider the difference it would it make financially if you had a strategic plan instead. Read more and get additional financial resources here: https://financialplanningva.com/podcast/investment-strategy-and-401k-fees/

What we discuss on this episode:

0:12 - What can we do about 401(k) fees?

5:57 - Should you set it and forget it with your retirement?

Do you really need to save for long-term care? If so, how much? Or is it better to get a long-term care insurance plan? Find out in today’s podcast.

Read more and get additional financial resources here: https://financialplanningva.com/podcast/what-do-you-need-to-do-about-long-term-care/

What we discuss on this episode:

0:12 - What do you do about long-term care?

5:02 - When should you take your RMDs?

7:08 - How do we make up for a lack of Social Security?

Is your financial plan robust and thorough? Or is it full of leaks and problems that you don’t even know about? Brian talks about benchmarks for retirement, and what makes a plan a good one.

Read more and get additional financial resources here: https://financialplanningva.com/podcast/do-you-have-a-leaky-financial-plan/

What we discuss on this episode:

0:13 - Are your savings on track for retirement?

3:13 - Know what your budget is.

4:15 - A financial plan is like building a house.

7:11 - Get a second opinion.

What does Brian think about Roth conversions? A Marketwatch columnist recently stated that the benefits of a Roth are relatively small and take a long time to pay off. Should you actually do a Roth conversion?

Read more and get additional financial resources here: https://financialplanningva.com/podcast/are-the-roth-conversion-benefits-worth-it/

What we discuss on this episode:

0:23 - Is the financial benefit for a Roth relatively small?

2:38 - Brian shares a client example considering a Roth conversion.

5:22 - Are you assuming taxes will go down?

7:22 - Most people are not converting for 20 years.

9:02 - Tax planning is about opportunity.

How can you avoid panic selling when the market gets scary? Do you have a plan that addresses what to do when the market crashes?

Read more and get additional financial resources here: https://financialplanningva.com/podcast/panic-selling-when-the-market-goes-down/

What we discuss on this episode:

0:13 - Is there any lesson we can learn from the pandemic?

3:12 - What’s panic selling?

5:18 - Will our Social Security trust fund run out in 2035?

Is easy savings a good thing or a bad thing? Brian talks through what to consider about the ease of a 401(k) as well as what you need to be aware of when it comes to your overall retirement plan.

Read more and get additional resources here: https://financialplanningva.com/podcast/easy-401k-management/

What we discuss on this episode:

0:12 - How can you manage your 401(k) easily?

3:58 - What else goes into a retirement plan?

5:22 - Is the current inflation temporary?

8:07 - Are you losing money “safely”?

Having a lot of assets might feel nice, but don’t assume that means you don’t need a financial plan. Brian talks through the importance of a balanced plan and budget in retirement. Read more and get additional resources here: https://financialplanningva.com/podcast/

What we discuss on this episode:

0:12 - What does it mean to be asset rich?

2:57 - What do you need in retirement?

5:12 - How does your plan meet your specific needs?

7:10 - What kind of advice does Brian have for someone 60 years old?

10:44 - Is your plan up-to-date?

Do you have a reliable retirement income stream? How do you deal with inflation? Brian talks through your options when it comes to income streams in retirement.

Read more and get additional resources here: https://financialplanningva.com/podcast/retirement-income-inflation-and-bobby-bonilla/

What we discuss on this episode:

0:12 - Bobby Bonilla cashed another check, despite being retired for years.

2:09 - What income streams could you have in retirement?

3:53 - Could a rising inflation rate help Social Security recipients?

5:25 - What should you do about inflation?

When is it worth it to make a big move based on your finances or taxes? Do you need to have it all figured out before meeting with an advisor?

Read more and get additional financial resources here: https://financialplanningva.com/podcast/should-you-move-states-for-the-tax-benefits/

What we discuss on this episode:

0:12 - To save money, some are moving to another state.

4:55 - Congress is considering a lost-and-found database for retirement accounts.

9:05 - Does Brian have to clean up a lot of financial messes?

Is net worth just a number or an indicator of something more? Brian talks through what’s important to focus on when considering your money. He also shares a client story of someone selling their business and the tax implications of that.

Read more and get additional financial resources here:

https://financialplanningva.com/podcast/does-your-net-worth-matter/

What we discuss on this episode:

0:13 - Does your net worth even matter?

3:26 - What percentage should you have as an emergency fund?

5:07 - How will selling a business be impacted by tax increases?

9:05 - Do we know what the tax increases are for sure?

What happens if we have mediocre returns in the future? Brian shares what you need to do to prepare your financial plan.

Read more and get additional financial resources here: https://financialplanningva.com/podcast/market-booms-and-busts/

What we discuss on this episode:

0:12 - How long can a bull market last?

2:54 - How much money do you need in retirement income?

4:44 - Are we in uncharted territory when it comes to inflation?

How do we handle the Uncle Sam effect? We talk today about what taxes can really look like today as well as under the new possible tax plan.

Read more and get additional financial resources here: https://financialplanningva.com/podcast/the-uncle-sam-effect/

What we discuss on this episode:

0:12 - What exciting things are happening in Brian’s life?

3:08 - What’s the Uncle Sam Effect?

7:19 - What kind of tax planning do you need to consider?

What does your retirement plan include when it comes to withdrawing from your accounts? Is there a magic number? Brian sheds some light on the strategy behind your withdrawal rate.

Read more and get additional financial resources here: https://financialplanningva.com/podcast/what-is-a-safe-withdrawal-rate-in-retirement/

What we discuss on this episode:

0:12 - What kind of retirement withdrawals can you take?

3:27 - You shouldn’t have the same portfolio in all of your accounts.

6:39 - Is Bitcoin going down?

Do you ever feel like you should proceed with caution? If you’re fearing a market crash or huge inflation in the future, what can you do now to prepare? On today’s episode of the podcast, we discuss what you should and should not do when it comes to your financial plan and these risks.

Read more and get additional financial resources here: https://financialplanningva.com/podcast/nervous-about-the-market/

What we discuss on this episode:

0:13 - Should we be paying more attention to the market?

5:30 - What does the inflation rate signify?

7:32 - What is causing some inflation?

Can you retire early? What do you need to know about retiring with a pension?

Read more and get additional financial resources here: https://financialplanningva.com/podcast/retiring-early-with-a-pension/

What we discuss on this episode:

0:12 - Do you need a pension to retire early?

3:48 - What options do you have with a pension?

6:18 - What does Brian think about a minimum wage increase?

What do you need to know when it comes to the latest proposals in Congress? Are your retirement accounts actually at risk? Are your accounts appropriately invested?

Read more and get additional financial resources here: https://financialplanningva.com/podcast/is-congress-coming-after-your-retirement-accounts/

What we discuss on this episode:

0:12 - Is Congress coming after our retirement accounts?

3:17 - What is an after-tax contribution?

6:42 - How do you stay even keel regardless of the season or what’s happening in the markets?

On today’s episode of the podcast, Brian talks through the different ways an advisor can help guide you through your plan. Are you getting the advice and strategy you deserve? What kind of fees should you expect?

Read more and get additional financial resources here: https://financialplanningva.com/podcast/whats-the-value-of-an-advisor/

What we discuss on this episode:

0:12 - New publication requires RMDs with inherited IRAs.

4:56 - What can you get out of an advisor meeting?

6:10 - What are the fees?

Is the 401(k) at work the best fit for you? What other accounts should you consider? Brian talks through these questions as well as the importance of holistic financial planning.

Read more and get additional financial resources here: https://financialplanningva.com/podcast/should-you-use-your-workplace-retirement-options/

What we discuss on this episode:

0:12 - Should you invest in your company 401(k)?

4:36 - Do you know the rules and restrictions on your plan?

5:55 - What does Larry the Cable Guy look for in a financial advisor?

What dangers did the GameStop situation potentially cause? What should you really keep in mind when it comes to risky investments in the market?

Read more and get additional financial resources here: https://financialplanningva.com/podcast/aftermath-of-the-gamestop-craze/

What we discuss on this episode:

0:13 - What is some of the aftermath of GameStop?

3:44 - The investing lessons come with time.

5:02 - Do you need to take that risk?

5:30 - What’s your risk assessment?

Are you being tax efficient when it comes to what you leave behind? What ways can an advisor help you find the right solution to meet your needs?

Read more and get additional financial resources here: https://financialplanningva.com/podcast/leaving-a-tax-efficient-inheritance/

What we discuss on this episode:

0:12 - How does an inherited IRA work?

2:21 - The 10-year rule is for Roth IRAs, too.

3:32 - What can we do about increased taxes in the future?

6:59 - What is a charitable remainder trust?

What current tax proposals may hurt small businesses? What tax strategies do you need to consider?

Read more and get additional financial resources here: https://financialplanningva.com/podcast/what-small-business-owners-need-to-know-about-taxes/

What we discuss on this episode:

0:12 - What happens if capital gains are taxed at the same rate as income?

4:39 - What’s a possible tax strategy?

7:03 - What happens when you do a stress-test?

8:32 - Is now a good time to get out of small businesses?

Are you worried about inflation? Let’s talk about what happens with inflation, what can cause it, and who most needs to prepare for it.

Read more and get additional financial resources here: https://financialplanningva.com/podcast/are-we-facing-possible-inflation/

What we discuss on this episode:

0:14 - Google searches for the word “inflation” has spiked recently.

3:12 - A dollar doesn’t go as far as it used to.

4:40 - National debt is climbing.

Is Social Security actually a type of annuity? On today’s episode of the podcast, Brian talks about what part Social Security can play in your financial plan as well as the importance of a good tax strategy to go with it.

Read more and get additional financial resources here: https://financialplanningva.com/podcast/social-security-and-tax-strategy/

What we discuss on this episode:

0:13 - We all agree on the importance of Social Security.

4:16 - What should you know about a pension vs. a 401(k)?

7:38 - Can a good tax strategy make that much of a difference?

How do you prepare for the future, even with low interest rates? How much do you really need in retirement?

Read more and get additional resources here: https://financialplanningva.com/financial-plan/is-the-future-bleak-for-retirees/

What we discuss on this episode:

0:12 - What was in Warren Buffet’s shareholder letter?

1:48 - Who are Brian’s wealthiest clients?

4:51 - Where will your retirement income come from?

7:38 - What’s your tax strategy?

This time a year ago, the pandemic was just starting to hit in full force and the market was beginning to crash. What can we learn from that time? What are the big takeaways? And what should we be doing differently right now?

Read more and get additional financial resources here: https://financialplanningva.com/podcast/financial-lessons-from-2020/

What we discuss on this episode:

0:12 - What are the lessons of 2020?

5:23 - What are some unusual write-offs for taxes?

7:55 - What legitimate tax planning strategies can you use?

The late Larry King had an estate plan but apparently had a handwritten amendment to his will. How can we learn from his mistakes? On this episode of the podcast, we talk about how important an estate plan is and what it means for the future.

Read more and get additional financial resources here: https://financialplanningva.com/podcast/lessons-learned-from-larry-kings-estate-plan/

What we discuss on this episode:

0:13 - How can we be certain your assets go to the right person?

4:04 - Who is the beneficiary on your accounts?

6:00 - Who are you taking care of by doing an estate plan?

7:44 - What happens if only one spouse dies first?

11:21 - What’s the tax strategy?

What should you be doing (or not doing) when it comes to retirement? Are you doing all you’re supposed to in regards to your rollover? On today’s episode, Brian talks through what you need to know about rollovers and the part they play in your financial plan.

Read more and get additional financial resources here: https://financialplanningva.com/podcast/are-you-doing-a-401k-rollover-correctly/

What we discuss on this show:

0:13 - What should you avoid doing with a rollover?

3:15 - Brian shares a client rollover story.

4:36 - What’s the difference between a financial advisor and financial planner?

6:48 - Do you know the rules of your 401(k)?

The GameStop stock story was crazy to follow but it taught us some important lessons. Does your stock market risk match the kind of risk you can handle? Are you making wise decisions when it comes to your investments? We'll discuss on this show.

Read more and get additional financial resources here: https://financialplanningva.com/podcast/what-gamestop-stock-taught-us-about-risk/

0:12 - What’s been happening with GameStop?

5:07 - How does this differ from a small company?

5:33 - What risk levels are you actually comfortable with?

8:39 - Do you have a process in place?

For more, visit us online: https://financialplanningva.com/

A lot of people are talking about a bubble in the stock market. If that’s the case, are you taking on too much risk? On today’s podcast, Brian discusses the different buckets of money you need to have so you’re financially prepared for now and later.

Read more and get additional planning resources here: https://financialplanningva.com/podcast/is-the-stock-market-about-to-burst/

What we discuss on this show:

0:12 - The stock market has been booming lately. Are we in a bubble?

1:29 - What’s happening with some individual stocks?

5:37 - What are the different buckets of money you need?

7:45 - Where might there be bubble?

8:38 - What assumptions about retirement are not true?

Will your estate be subject to the death tax? How can you plan accordingly now?

Read more and get additional financial resources here: https://financialplanningva.com/podcast/should-you-be-worried-about-the-death-tax/

What we discuss on this episode:

0:12 - How can you plan for the death tax if needed?

2:09 - 17 states to potentially impose estate tax. Why?

4:53 - What clients has Brian seen grow and build their wealth?

7:07 - What can you do to pass your estate to the next generation?

7:58 - Why do you need a will and estate plan now?

Do you know all there is to know about annuities? What about how much you’ll need in retirement?

Read more and get additional financial resources here: https://financialplanningva.com/podcast/misinformation-about-annuities/

What we discuss on this episode:

0:15 - What’s a good guaranteed monthly income in retirement?

1:23 - What is an annuity?

4:45 - Men and women argue about a lot of things, such as how much money you need.

6:16 - How can you settle the financial argument?

How can you prepare financially for the health issues you may face in retirement? What decisions could make a huge difference in your long-term strategy?

Read more and get additional resources here: https://financialplanningva.com/podcast/healthcare-concerns-in-retirement/

What we discuss on this episode:

0:16 - Would one major healthcare issue throw you into bankruptcy?

1:09 - A lot of people want to retire at 65.

2:50 - What about the nursing home?

5:55 - The SECURE Act abolished the stretch IRA. What other options can you use?

Do you know that you’ll owe taxes on the money you withdraw on your traditional 401(k)? You might look at your balance and think, “Oh, that’s all my money!” But if you have a million dollars in retirement, depending on a few factors such as where you live and your tax bracket, it might be closer to $700,000 once you pay the taxes on it.

Do you think taxes are going up? More and more of Brian’s clients want to look at tax strategies as a part of their financial plan while tax rates are low. Whether due to COVID-related income changes or the stage you’re at in retirement, are you paying attention to the opportunities right now? Have you considered a Roth conversion? What options do you have to put yourself in the best position?

Brian talks about a client who did a Roth conversion this year who was able to benefit from it in a big way. If you know the tax rate is going up, why aren’t you taking advantage of it now? Same with refinancing, are you taking advantage of the low rates now? There might be some pain in it now, but you’re paying the debt off so can get more tax-free income later.

What opportunities are you potentially missing out on right now? Reach out to your advisor to make sure you are considering all of your options.

Listen to the entire episode or click on the timestamps below to skip to a particular segment.

Read more and get additional financial resources here: https://financialplanningva.com/what-are-the-missed-opportunities-in-your-financial-plan/

What we discuss on this episode:

0:15 - Do you assume you’ll owe taxes on withdrawals from 401(k)?

2:03 - Do you think tax rates are going up?

4:46 - Why do people miss the opportunities available?

5:42 - Check up on what your options are to put yourself in the best position.

We all know taxes are inevitable, but what we don’t know is how much taxes will be in the future. Is your retirement plan set accordingly? We’ll discuss an interesting tax proposal that came up recently.

Read more and get additional financial resources here: https://financialplanningva.com/work-from-home-tax-proposal/

What we discuss on this show:

0:16 - Some people will continue working from home, even after the pandemic.

1:27 - What do you do to prepare for possible new tax?

3:13 - What kind of government cuts may be necessary?

4:36 - When taxes go up, there’s often nothing you can do.

So many people have lost income in 2020 due to the pandemic. Depending on what industry you’re in, this might have been a really bad year or a better financial year than usual. Investing consultant Tim Steffan tells Morningstar to look at this as a potential opportunity. What opportunities do you have right now that you might not otherwise? What tax strategies are there to look at?

Read more and get additional financial resources here: https://financialplanningva.com/optimism-for-the-future/

What we discuss on this show:

0:16 - The pandemic has caused a lot of people to lose income. What opportunities are available?

2:56 - Brian breaks down what a tax strategy could look like.

5:24 - What kind of tax advice does Brian’s team offer?

6:40 - Why do we all need a tax and estate plan?

The idea of being a millionaire carries a bit of appeal. But in reality, how long does a million dollars last in retirement? We'll discuss today.

Read more and get additional financial resources: https://financialplanningva.com/how-far-will-1-million-get-you-in-retirement/

What we discuss on this show:

0:16 - How long would $1 million last in retirement?

3:05 - Certain states are more popular among retirees. Why?

4:49 - Some retirees regret taking Social Security when they did.

5:33 - Brian breaks down the numbers of what Social Security could add up to be.

Since we won’t know if the Republicans or Democrats will control the house until January, does that change how we strategize around taxes at the end of this year? President-elect Biden has already said he will raise taxes, so plan accordingly. What do you need to keep in mind now? Do you have a tax strategy?

Read more and get additional financial resources here: https://financialplanningva.com/end-of-year-tax-conversations/

What we discuss on this show:

0:16 - What should we do about taxes at the end of the year?

2:54 - Will you be in a lower tax bracket in the future?

5:24 - Small businesses may be especially nervous about potential taxes.

8:29 - How much does it cost to borrow money?

Do you get sticker shock when it comes to advisor fees? What fees are you otherwise paying with mutual funds? Let’s talk about the common fees you’ll find associated with retirement accounts.

Read more and get additional financial resources here: https://financialplanningva.com/what-kind-of-fees-are-you-actually-paying/

What we discuss on this show:

0:15 - What do new clients know about 401(k) fees?

3:47 - What fees are you really paying?

5:29 - There’s no such thing as no fees.

7:34 - You may pay less in fees by working with an advisor.

Do you have a legacy plan? Does your financial plan include an estate plan? How can you protect and provide for future generations?

Read more and get additional financial resources here: https://financialplanningva.com/multi-generational-legacy-planning/

What we discuss on this show:

0:16 - Are you worried about your future heirs being able to manage their inherited wealth?

1:50 - What are some of the rules and restrictions you can put on it?

3:58 - Will the family business be passed down?

5:50 - What’s your succession plan with your business?

8:09 - Are you trying to make sure your kids and grandkids are taken care of?

As we near the end of the year, what do you need to make sure to take care of? From Roth conversions to estate planning, Brian talks about the ways these things can work to your benefit.

Read more and get additional financial resources here: https://financialplanningva.com/bidens-tax-plan-end-of-year-planning/

What we discuss on this show:

0:16 - What should you be doing before the end of the year?

1:20 - What does Brian think of the Roth conversion?

3:15 - Taxes are likely going up.

4:40 - How are people feeling about the election?

6:45 - Do Americans blow their inheritance?

Have you started thinking about RMDs? At what age will you need to start paying attention to this and why does it matter? We'll discuss on this episode.

Read more and get additional financial resources here: https://financialplanningva.com/what-happens-if-the-rmd-age-is-raised/

What we discuss on this show:

0:16 - Congress recently increased the RMD age. Is that good or bad?

2:37 - What’s the difference between tax avoidance and tax evasion?

4:14 - Why are there RMDs?

6:38 - How often do people know they can think strategically about taxes?

Are you motivated by money? Or are you more motivated by personal fulfillment? What do you want both of those things to look like in retirement? That's what we'll discuss on this episode.

Read more and get additional financial resources here: https://financialplanningva.com/money-isnt-everything/

What we discuss on this show:

0:15 - What does Brian love about his job?

2:16 - What are you going to do in retirement?

3:55 - Do you know what you’re paying in fees?

6:02 - Your money will have to last you longer than you think.

8:59 - People are living longer.

When it comes to saving for retirement, it’s usually not about inheriting one big lump sum. Instead, are you working hard and storing up little wins?

Read more and get additional financial resources here: https://financialplanningva.com/saving-up-little-wins/

What we discuss on this show:

0:16 - If coronavirus spikes, could we see another market crash?

3:10 - While cases are up, hospitalizations are not as frequent.

5:17 - In retirement, you don’t get do-overs.

7:56 - What do you need to know about saving for retirement?

9:15 - Planning for retirement is like building a million-dollar house

Are you saving in an HSA right now? Do you know how and why it may be a helpful part of your investment plan? Find out more on today’s podcast!

Read more and get additional financial planning resources here: https://financialplanningva.com/how-to-leverage-your-health-savings-account/

What we discuss on this show:

0:16 - FOX News is reporting a rush of people getting an estate plan.

2:03 - Estate planning isn’t just about getting a will.

4:38 - How does estate planning impact people who are not wealthy?

7:23 - Is an HSA good for covering long-term care costs?

Do you have an annuity? Should you? How can you tell if it’s a good or bad idea? Let’s talk about this income-generating investment.

Read more and get additional financial resources here: https://financialplanningva.com/is-an-annuity-right-for-you/

What we discuss on this show:

0:16 - Economists say one of the most underutilized tools are annuities.

1:21 - What makes you a good candidate for an annuity?

4:23 - Aren’t annuities bad?

5:33 - Brian’s team always does an inspection on your annuities.

6:43 - What are your expectations with your annuity?

As we get closer and closer to the election, how should you prepare from a financial standpoint? Are there ways to protect your portfolio from added volatility?

On today’s podcast, Brian discusses the different ways Biden’s tax plan could impact people, some in ways that aren’t being talked about often. Would his tax plan affect you? How will the economy react?

Read more and get additional financial resources here: https://financialplanningva.com/fighting-off-inflation/

What we discuss on this show:

0:16 - Where’s Brian’s favorite place to eat?

1:39 - Many restaurants are raising prices.

3:48 - What do you do about inflation?

6:27 - You still need an emergency fund.

Are you nervous about the possible outcome of the election? What should you be doing now to protect your portfolio? Let’s talk about what you can do to get your financial plan in order.

Read more and get additional financial resources here: https://financialplanningva.com/getting-your-portfolio-ready-for-the-election/

What we discuss on this show:

0:16 - What might protect our portfolio, no matter who wins the election?

2:14 - What could happen to the step-up in basis?

3:54 - What are people doing with money in the market?

6:08 - How can Brian help, regardless of who is elected?

8:02 - Can you handle the volatility?

Whether you are sorting through conflicting information or suddenly inheriting more money than you expected, what do you do? How do you know what advice to follow?

Read more and get additional financial resources here: https://financialplanningva.com/filtering-through-conflicting-financial-advice/

What we discuss on this show:

0:17 - No matter what the topic, you’ll run into conflicting information. What do you do?

1:38 - COVID is causing a lot of early retirement.

3:18 - What happens when someone inherits large sums of money?

4:57 - How does it feel to take money out of your emergency fund?

5:39 - Lottery winners often don’t know how to save their new money.

What does it mean to think and plan strategically with your taxes? How does that change what you do when saving for retirement?

Read more and get additional financial resources here: https://financialplanningva.com/building-a-tax-efficient-plan/

What we discuss on the show:

0:16 - Are you taking advantage of tax strategies?

2:41 - Capital gains taxes are currently low, dependent upon which candidate is elected.

4:04 - Will taxes probably go up?

5:09 - How can you take advantage of low taxes now?

In an election year, there are a lot of discussions about the future and the different ideas the presidential candidates propose. How will it impact your financial future?

Read more and get additional financial resources: https://financialplanningva.com/how-could-the-2020-presidential-election-impact-your-future/

What we discuss on the show:

0:16 - Is it doomsday if your preferred candidate doesn’t win the election?

2:37 - What if you’re planning a big sell this year?

3:28 - How are executive orders being passed down?

5:18 - What should the average person do?

8:46 - Get the match, but what do you do beyond that?

For many of us, a 401(k) is a great way to set money aside for retirement. When it comes right out of your paycheck and perhaps your employer is matching it, it grows over time. But what happens if that changes moving forward? What other options do you have available? We'll talk about all of that on this episode.

Read more and get additional financial resources here: https://financialplanningva.com/turning-your-401k-upside-down/

What we discuss on the show:

0:16 - What happens if the idea behind the 401(k) is turned upside down?

2:13 - Some politicians are promising to end the traditional 401(k) style retirement benefits.

4:11 - What happens if the tax rates rise?

5:03 - A listener finally converted his retirement savings to a Roth.

6:38 - The market has been strong lately, but is it giving a false sense of security?

What does Brian think about California’s new tax proposals? What kind of tax strategies should you be considering? We go through it for you on this episode.

Read more and get additional financial resources here: https://financialplanningva.com/californias-new-tax-increase-proposal/

What we discuss on this episode:

0:17 - Who is the “lunatic farmer”?

3:49 - What is the wealth tax being proposed?

5:08 - California lawmakers are proposing an increase in income tax rates.

6:01 - What does Brian advise to people who are feeling they pay too much in taxes?

From Roth conversions to charitable giving, today’s episode of the podcast talks about tax strategies that you’ll want to consider.

Read more and get additional financial resources here: https://financialplanningva.com/finding-a-better-tax-strategy/

What we discuss:

0:16 - Are Roth conversions always a good idea?

4:05 - Who would say you don’t have to pay taxes on a million dollars? Steve Martin, of course!

4:57 - How can you pay less in taxes?

7:25 - What is a good fit for you when it comes to charitable giving and tax strategy?

After putting it off too long, you know what sounds good? Putting your financial plan in order! Let's do that today.

Read more and get additional financial resources here: https://financialplanningva.com/the-good-news-in-financial-planning/

On today's show:

0:16 - What’s some good news from Brian?

1:59 - What are you focusing on right now?

3:09 - What happens if you are facing early retirement or a pension buyout?

5:22 - How can you offset taxes and pass down a legacy?

How has the economy changed lately? How should we make investments accordingly? We explore those questions on today’s show.

Read more and get additional financial resources here: https://financialplanningva.com/is-the-u-s-economy-shrinking/

On today's show:

0:16 - How has the virus hit the U.S. economy?

1:43 - How do we make sure our personal economy is moving in the right direction?

3:01 - What’s one example of a business that is stuck with too much of their product?

3:53 - Where is the flow of money going?

4:57 - What do we do to invest wisely?

6:15 - What places are in bad financial shape?

The pandemic has hit a lot of people hard, particularly small business owners. What should they do about the tough decisions on how to proceed? Let’s talk about how business owners are fighting for survival in 2020.

Read more and get additional financial resources here: https://financialplanningva.com/making-hard-decisions-as-a-small-business-owner/

On today's show:

0:16 - Small businesses have been hit hard due to COVID-19.

2:12 - Have you gotten advice prior to closing the business?

3:00 - How is the small business being kept afloat?

5:27 - Are you making the best decision?

As stores fill up with school supplies, it’s easy to consider what going back to school means. But are you financially educated? Are you equipped to make the right decisions regarding your finances? We discuss on today’s episode.

Read more and get additional resources here: https://financialplanningva.com/getting-your-financial-education/

Today's show schedule:

0:16 - Where are the most educated people in America?

2:03 - What kind of financial education is important to know?

4:15 - What do accountants do and not do with your finances?

5:49 - When you’re in crisis, sometimes it’s hard to know what to do.

Are you about to retire early? Whether you meant to or not, there’s a lot of things to consider when you leave the working world. Have you thought through all of these things?

Read more and get additional financial resources here: https://financialplanningva.com/top-things-to-consider-when-retiring-early/

Today's show schedule:

0:17 - What do you need to consider when retiring early?

2:28 - Determine how to address medical expenses.

4:46 - Do you have a realistic retirement budget?

6:01 - Retirement can last over 30 years.

8:09 - What does downsizing look like?

12:04 - What kind of estate plan do you need?

14:39 - How are you handling your debt?

Are you saving in a way that shows consistency and financial health? From your retirement savings to 529 plans, are you making strategic decisions and continuing to invest over time? Find out on this show and learn a few lessons from Bobby Bonilla.

Read more and get additional financial resources here: https://financialplanningva.com/lessons-from-bobby-bonilla-and-investing-with-consistency/

Today's show schedule:

0:17 - Major league baseball is coming back.

0:50 - Why does Bobby Bonilla, who has been retired for over two decades, still get paid every year?

3:03 - What’s the problem with deferred compensation?

5:52 - How can you better invest into a 529 plan?

7:57 - Being intentional about saving is key.

When it comes time to retire, will you be staying put or will you take on a new adventure in another state? Where are the best places to retire and what should you do when you retire? Brian will discuss some of the most popular destinations in retirement.

Read more and get additional financial resources here: https://financialplanningva.com/best-and-worst-places-to-live-during-retirement/

Today's show schedule:

0:15 - What are the best and worst states to retire in?

0:35 - What’s it like in New York?

2:13 - What are the pros and cons of Hawaii?

2:42 - What are some of the best states to live in during retirement?

3:52 - Should you move?

4:25 - Baby Boomers can improve their chances of being happy in retirement.

8:19 - Which gender tends to struggle more to transition into retirement?

Are you playing the lottery or planning for retirement? On today’s podcast, we discuss the difference in these tactics and consider what a good plan for retirement includes.

Show notes, resources & contact info:

https://financialplanningva.com/podcast/

On today's show:

0:15 - Do you know anybody who has ever won the lottery?

2:41 - Do you have to be a math genius to win at retirement?

5:23 - Are you playing to win the inning or win the game?

7:01 - When you are retired you need income from your investments.

9:22 - Are your retirement savings and Vegas behavior similar?

What did you learn from your dad growing up? How has his guidance (or mistakes) shaped your financial plans? In celebrating Father’s Day this past weekend, we’re considering advice from dad. Brian himself is a father and shares some of the advice his dad had passed along to him.

Show notes, resources & contact info:

https://financialplanningva.com/podcast/

On today's show:

0:16 - Did you know Brian has six kids?

1:52 - What is some fatherly advice that Brian’s dad gave him?

3:50 - What other wisdom have we learned from fathers, even by observation?

4:51 - What is one of the biggest mistakes people make with their financial future?

8:10 - Have you updated your financial plan and will recently?

Coronavirus has kept many from being at work, whether that’s due to stay-at-home orders or from being laid off. We talk about how important it is to get back to work in today’s episode.

Read more and get additional financial resources here: https://financialplanningva.com/the-need-to-get-back-to-work/

Today's show schedule:

0:16 - What restaurant owners are facing right now.

2:24 - The complexity of social distancing right now when in reduced capacity.

3:49 - How sports have been impacted and plan to move forward

5:21 - Articles in the news citing coronavirus outbreaks.

6:38 - Some of the consequences caused by the shutdowns.

With a volatile market, you might wonder if now is your opportunity to buy low in the stock market. But is this really the bottom? What kind of example do we see people like Warren Buffett setting?

Show Notes & Resources: https://financialplanningva.com/?p=1145

Timestamps:

0:16 - What is Warren Buffett doing with the company?

1:15 - Should we be reluctant to jump back into the stock market?

3:18 - What does Brian tell his clients?

4:12 - What kind of risk can you take?

6:53 - Are you familiar with the fees you are being charged in investment accounts?

8:54 - What’s the real cost of owning a mutual fund?

Does the volatility in the market make you nervous? Are you hesitant to put money back in? Fear seems to the be primary driving force for investors and might be doing more damage to your portfolio than the pandemic.

Read more and get additional resources here: https://financialplanningva.com/fear-is-the-true-pandemic/

Today's show schedule:

0:16 - Fear is the real pandemic right now.

0:42 - Jim Paulson says this about why fear is a good sign.

1:32 - Does Brian agree that fear is a positive right now?

2:37 - An example of someone who is fearful because of restrictions to operate.

4:59 - We’re all dealing with craziness right now. How is Brian handling it with the kids?

7:35 - You learn more when it’s tough.

8:33 - Clients have a lot of these same questions.

The past few months have shifted our thinking and the way we do things. How should you approach your financial plan differently?

Read more and get additional financial resources: https://financialplanningva.com/paradigm-shift-in-thinking-due-to-the-pandemic/

Today's show schedule:

0:16 - We’re doing everything differently right now, so what changes do we need to make once all of this is done?

1:40 - People may start saving more as we prepare for a recession.

2:03 - Communicating with loved ones is key.

4:01 - One client wanted to learn more about annuities to decide if it makes sense to buy.

7:20 - What kind of peace of mind having some amount of cash can bring.

8:38 - Brian shares what kind of resources he likes to keep on hand.

Coronavirus has already made a big impact on the economy. Are we headed into a significant recession like some have predicted? If so, how do you prepare?

Read more and get additional financial resources here: https://financialplanningva.com/should-you-be-preparing-for-a-major-recession/

Today's show schedule:

0:16 - Is the economy is back on track? Or are we facing one of the worst recessions ever?

2:16 - How do we weather this recession and learn from the past?

4:05 - Pay cuts are happening across the board, no industry is booming right now.

4:52 - What are you trying to accomplish right now?

5:56 - Should you keep a focus on stocks or consider your financial health?

7:48 - How do you know the future?

We’ve all been thinking back about what we could have done different to start 2020, but now it’s time to look ahead. Let’s discuss RMD changes that we need to account for and look at legislation that’s trying to help small businesses.

Read more and get additional financial resources here: https://financialplanningva.com/changes-in-rmds-and-small-business-struggles/

Today's show schedule:

0:16 - If you could go back in February, what would you have done differently?

2:14 - Last year, the stretch IRA was eliminated.

3:35 - What happened with the CARES Act and RMDs?

4:33 - Several retail stores are filing bankruptcy since they can’t open up.

6:49 - What is happening with commercial real estate?

With everything going on with the economy, you have a lot of financial decisions to make right now. Is a Roth conversion something you should do this year?

Read more and get additional resources: https://financialplanningva.com/is-a-roth-conversion-right-for-you-this-year/

Today's show schedule:

0:16 - Is now a good time for Roth conversions?

2:25 - If you are a small business owner, what can you do while you have losses?

4:00 - If you aren’t a business owner, is this still potentially a good time to do a Roth conversion?

5:02 - Real estate investors need to consider what options they have while investment properties lose monthly rent or vacation rentals.

6:30 - The more assets you have, the more opportunity.

The last few months have taught us all to adapt and learn new ways to accomplish our daily tasks. This new normal affects all of our lives, including financial planning. What will the future look like and will virtual planning become more permanent?

Read more and get additional resources here: https://financialplanningva.com/the-new-normal-for-financial-planning/

Today's show schedule:

0:16 - If you could turn back time and go back to January, what advice would you give yourself?

0:41 - A client came in that said he was more conservative than he was and the market showed him that.

2:50 - We alerted him to the possibility of a 20-30% drop with his current allocation.

3:43 - Is the new normal going to include virtual retirement planning as a permanent option?

5:44 - People are learning to adjust that normally might not be willing to change.

7:18 - You can download an app for retirement planning now.

In the face of a struggling economy, what should you do to prepare? Will it make a quick recovery or are we in this for the long haul? We’ll hear what Brian thinks about Larry Kudlow’s perspective regarding the economy.

Read more and get additional resources here: https://financialplanningva.com/what-should-you-do-with-your-investments-right-now/

Today's show schedule:

0:16 - No one knows how long this economic slowdown is going to last.

1:57 - We are all feeling ready for life to go back to normal.

3:56 - There will be different levels of comfort when things open back up again.

5:01 - These current restrictions may cause some people to try to rebel.

7:12 - What should we be doing?

8:28 - Is there a way to benefit from the current situation?

No one has a crystal ball, which is why predictions can only be trusted so far. What does Brian think about the latest predictions from investment strategist Jeff Saut?

Read more and get additional financial resources here: https://financialplanningva.com/looking-through-recent-market-predictions/

Today's show rundown:

0:18 - Investment strategist thinks the worst is behind up.

1:11 - Is that wishful thinking or is he onto something?

2:54 - What happened in the past compared to now?

5:15 - We want to feel more optimistic. Should we?

Have you heard about the CARES Act? How does it impact individuals and small businesses? Let's go through the important provisions and what they mean for you.

Read more and get additional resources here: https://financialplanningva.com/understanding-the-cares-act/

Today's rundown:

0:17 - This is a scary world we’re embarking on--how can you best prepare financially?

1:45 - How will small business owners be impacted by the CARES Act?

3:50 - The CARES Act will help businesses with payroll in a loan.

5:23 - Where should small businesses begin?

8:36 - How does the CARES Act impact individuals?

10:17 - Individuals can take distributions now for coronavirus related needs.

11:49 - There’s a greater deduction for charitable donations.

It seems like we’re all dealing with anxiety and uncertainty over the future of our health and economy because of the coronavirus, but some people are more concerned than others. We discuss our opinion of the pandemic’s impact and Brian shares his takeaways from Stanford biophysicist Michael Levitt’s comments on the coronavirus.

Read more and get additional resources here: https://financialplanningva.com/coronavirus-takeaways-from-michael-levitt/

Today's rundown:

0:16 - Risk is so important and may people are realizing that now. Brian shares thoughts on what we’ve been seeing.

3:01 - There is fear over health and our financial future.

5:13 - Michael Levitt shared an optimistic view on the pandemic.

6:50 - He stands by his message that we need to control the panic because everything will fine.

8:08 - It’s been tough to get people to take less risk in recent years because of how strong things were going.

10:10 - Discussion on testing for the coronavirus.

11:18 - To completely shut down businesses seems ridiculous.

12:41 - What’s driving the market crash?

13:54 - What does Brian do for people dealing with the financial hit right now?

As coronavirus impacts our lives, what kind of economic situation is ahead of us? What can we do to weather this storm financially? Let's discuss the fallout from COVID-19.

Read more and get additional resources here: https://financialplanningva.com/will-the-coronav…global-recession/

Today's rundown:

0:16- We could see a global recession with coronavirus.

1:45- Governments all over the world are basically shutting down the economy.

3:24- How do we get through this with as little damage as possible?

6:47- How can you benefit in a bad situation?

9:44- Do you know what tax loss harvesting is?

14:52- You have to make little adjustments all over your portfolio.

Right now, all anyone seems to be able to talk about is the coronavirus. So how concerned should you be when it comes to the market?

Read more and get additional resources here: https://financialplanningva.com/concerned-about-…s-and-the-market/

Today's rundown:

0:16- Are you concerned about market volatility because of the coronavirus?

1:32- Do you know what kind of risk you have in your portfolio?

3:00- Brian shares about a client whose former advisor never asked about risk tolerance. 5:26 - Do you need to take the risk amidst concern?

7:51- Are you getting used to the number you had on your previous statement?

8:37- These are unprecedented times, so can you be careful enough with your money?

What do these three things have in common? They all are considered in your retirement planning, so Brian talks through what you need to know about each of these.

Read more and get additional resources here: https://financialplanningva.com/tax-strategies-retirement-tools-and-the-coronavirus/

Today's rundown:

0:15 - One of the most popular retirement tools is an IRA. Some couples are only taking advantage of half the benefit though.

5:32 - Does the SECURE Act change the spousal IRA contributions?

7:12 - What did Warren Buffet say about the response to the coronavirus?

8:31 - What options do retirement savers have in light of the coronavirus?

11:04 - If taxes change, what will that do to your investments?

14:31 - Do people underestimate how long retirement might last?

18:32 - The economy now is not like in 2008