Your Money with David Hays: Recent Episodes
WGCL Radio
Every Thursday evening and Saturday morning, tune in for helpful financial and investment advice on Your Money with David Hays. From Comprehensive Financial Consultants of Bloomington, David provides useful financial information.
Hear Your Money with David Hays live Thursdays from 6-7 p.m. and a rebroadcast of the show every Saturday from 9-10 a.m.
Have Questions that you would like answered?
Send an email to yourmoney@wgclradio.com and hear your questions on the show!
About David:
David Hays is the founder, president and senior consultant of Comprehensive Financial Consultants, Inc. (CFC) in Bloomington. His firm was chartered to deliver financial planning and investment advice to individuals, businesses, retirement plans and not-for-profit organizations.
CFC online
This Week, David discusses the falling consumer prices in June, the “retirement savings crisis in America”, and more. Transcript of 7.11.24 Show Share with a Friend
This week, David and Doug discuss younger generations growing interest in 401K’s, the “Rothification” of retirement plans, and more. Share with a Friend
This week, David and Doug Hughes discuss Doug’s recent trips to Australia and France. Share with a Friend
This week, David revisits his April 18th episode, featuring special guest Mary Beth Franklin. Share with a Friend
This week, David revisits his visit with Ed Slott from August 2023. Share with a Friend
This week, guest hosts Doug & Jim discuss the importance of financial literacy, budgeting ideas, and more. Share with a Friend
This week, David is joined by special guest Mary Beth Franklin, one of the leading Social Security experts. Share with a Friend
This week, David and Jim discuss when it makes sense to claim aging parents on your taxes, and more. Share with a Friend
This week, David discusses the rising Treasury yields upward curve, what the Treasury auctions are telling us, and more. Share with a Friend
This week Doug Hughes and Jim Inman share about “control” in retirement planning – what you can control, what you have some control over and what you cannot control. Share with a Friend
This week, David and Doug discuss protecting yourself from inflation, “all-weather” portfolios, and more. Share with a Friend
This week, David is joined by Stew Cobin, former Chief Audit Officer of Indiana University, to share his “new retiree” journey Share with a Friend
This week, David and Jim discuss life insurance: what to buy, how much you need, and more. Share with a Friend
This week, David and Jim host another round of Q&A’s from clients and listeners. Share with a Friend
This week, guest hosts Doug Hughes and Jim Inman discuss the importance of financial literacy. Share with a Friend
This week, David and Doug present a special Q&A episode of Your Money, answering real questions from clients and listeners. Share with a Friend
This week, David is joined by very special guest, financial expert Ed Slott. Share with a Friend
This week, David is joined by regular guest Rod Holloway to discuss the market, the recent recession predictions, and more! Share with a Friend
This week, David is joined by call-in guest Rod Holloway, and a special new member of the team… Share with a Friend
David is back in the saddle after a short time off, with guest Doug Hughes. Share with a Friend
This week, David discusses the differences in investing between those with wealth and those without. Share with a Friend
This week, David discusses when and how you should do tax deferral, and shares some 4th of July memories! Share with a Friend
This week, David & Doug discuss the 1040 form and best long-term strategies. Share with a Friend
This week, David discuss the extension of current tax brackets, and what that means to the listener. Share with a Friend
This week, David and Rod recaps the short Memorial Day week, when to use the money in a Roth, and more. Share with a Friend
This week, David is back at the helm to discuss form 5498 and its purpose, and more! Share with a Friend
This week, David is joined by Rod Holloway to discuss the lowered inflation, when it makes sense to have a financial advisor, and more. Share with a Friend
This week, special guest host Doug Hughes takes the reins to discuss the different levels of “control” in your financial plan. Share with a Friend
This week, David is joined by Doug Hughes and Rod Holloway to discuss France’s current increase in retirement age, and what it means for the market. Share with a Friend
This week, David discusses why interest rates matter to the stock market, what a retirement life looks like, and the “triple threat of retirement planning”. Share with a Friend
This week, David discusses “Roth-o-mania” and what to expect with the Secure Act 2.0 Share with a Friend
This week, David is joined by guest Rod Holloway to discuss local & regional banking, maximizing FDIC Insurance, and more. Share with a Friend
This week, David is joined by guest Steve Luckenbach, author of The Art of Why. Share with a Friend
This week, David and Rod discuss Indiana’s CollegeChoice 529, why it’s important to check your beneficiaries, and more. Share with a Friend
This week, David and Rod reflect on Nasdaq’s performance in January, it’s best start of a year since 2001, along with what made 2001 perform so well. Share with a Friend
This episode David discusses more about the Secure Act 2.0. Specifically, he will be talking about Qualified Longevity Annuities and what changes in the Secure Act make this, rarely used tool, more attractive. What is a Qualified Longevity Annuity (QLAC), and why would now be a good time to consider one? https://www.cfci.us/2025-the-final-drive Share with a Friend
This week, Doug Hughes and guest Wayne Thacker take the wheel on Your Money! Share with a Friend
This week, David is joined by his father Jerry in a special end of year episode. Share with a Friend
This week, David and Rod Holloway discuss preparations for the new year, with estate planning. Share with a Friend
Are you wondering what to do with your Estate Planning before 2025? What are the benefits of an Estate? Life Insurance? IRAs? Business? The simple answer: Everything! In this episode I get into the ins and outs of your Estate Planning and how to navigate the upcoming changes. https://www.cfci.us/2025-the-final-drive Share with […]
This week, David discusses why people with guaranteed income may be happier, and live longer! Feature guest Rod Holloway. Share with a Friend
This week, David revisits a previous show with special guest Tom Hegna Share with a Friend
This week David is joined by Rod Holloway and special guest Martin James. Share with a Friend
This week David is joined by Doug Hughes for the gift giving episode. Share with a Friend
Here we are in Quarter 4 of the year and guess what…? Everything is down, Stocks are down Bonds are Down, nearly everything is down. How does this play into the wash sale rule? If you’re looking to sell a security at a loss and buy the same, how will this affect your portfolio? Working […]
You own an investment property and want to sell it; but you also don’t want to pay all that tax. In this week’s episode David discusses the benefits of doing a 1031 Tax Deferred Exchange for investment properties. Plus, learn how to have your cake and eat it too, by pulling out some money tax free, before […]
You are ready to gift one of your investment properties to a family member, but unsure how to go about it. Your son has been living in a home of yours, and paying you rent, but you want to gift him the property. What steps do you begin to take? Do we need to sign […]
Special Edition on the “inflation reduction act of 2022” or should we call it the “we hope it doesn’t cause more debt act”? More spending with the hopes of increasing revenue with a minimum corporate tax and increasing IRS audits – we’ll see if it works, but it rarely does. It just reinforces we are […]
Getting more personal with Martin James in our last installment of part 3 of 3. Join David and Martin in their discussion of QCDs: How can you help your own CPA when filing? Later they get into how to manage a step-up cost basis. How can you manage a step-up cost basis with married couples? […]
Join David and his Guest Martin James as they embark on a 3-part series, this is part 2 or 3. Martin, a recovering CPA, has also projected tax changes coming at the end of 2025 due to our Marginal Tax System. How will this affect our current bracket rates? Have you ever thought to yourself: What is […]
Doug Hughes is in the host seat this week. He is joined by Rod Holloway. Share with a Friend
Bloomington roots grow deep when these 2 individuals get to talking. Join David and his Guest Martin James as they embark on a 3-part series, this is part 1 of 3. Martin James is a recovering CPA now turned Fly Fishing Instructor. Martin is a Charter Member in the Ed Slott’s Elite Group with David. This episode begins […]
Prescribing a Roth to reduce Pre-Medicare Premiums – or maybe eliminate the cost all together. Listen to David as he discusses a real-life scenario where a client saved money doing this exact thing! https://www.cfci.us/2025-the-final-drive Share with a Friend
Am I too OLD to do a ROTH Conversion? Think again. Join David as he describes why you’re NEVER too old for conversions. https://www.cfci.us/2025-the-final-drive Share with a Friend
Have your money make more money, all tax free! Learn how to invest the way the wealthy invest, and stop investing like you’re still poor! Let learn about how Covered Calls can help with our special guest Rod Holloway. https://www.cfci.us/2025-the-final-drive Share with a Friend
Little known ways to get money out of your retirement plan, before age 59 ½, without a tax penalty. Do you have company stock in your 401K? Don’t miss out on one of the littlest known opportunities to potentially pay no tax on that Stock. Share with a Friend
So you think you’ll be in a lower tax bracket when you retire? The narrative of getting a deduction when you put money into your retirement account, grow tax deferred, and pay the tax when it comes out, has been flipped! https://www.cfci.us/2025-the-final-drive Share with a Friend
Out of control debt and spending how does inflation help or hurt our debt problem? What’s the appetite of Washington to do anything about it? Not much for now – but nothing happens in America until there is a crisis. More reasons to take a proactive approach to move your retirement out of the cross […]
Why are they proposing our Required Distribution age on our IRA’s and 401K’s be 75 as part of The Secure Act 2? David explains how budgets are made, by occasionally pulling forward expenses and pushing out revenue to cover the cost. How demographics, projected retirement plan balances, line up perfectly to the new RMD age […]
Listen to David explain how to get a full step up of cost basis on a Marital asset and avoid paying capital gains? Learn about the Marital Gifting Strategy that almost no one knows about! Hear how to take advantage of your life time, gift exclusion amount, without the fear of an IRS claw back. […]
What types of investments should you hold in which type of accounts? Taxable, Tax Free & Tax Deferred Why Auto Enrollment is good for America, but what are they missing big time? https://www.cfci.us/2025-the-final-drive Share with a Friend
This week David is joined by Rod Holloway and Eric Giesler to look at what is happening with the market. Share with a Friend
Are tax free bonds truly tax free? Not always. Who should consider tax free bonds and who shouldn’t? What are the alternatives? When you’re looking at regular Bonds vs I-Bonds there is a difference. Join me in this episode as we learn how to calculate your tax equivalent yield. https://www.cfci.us/2025-the-final-drive Share with a Friend
When should you use your ROTH IRA money? While your living or when you’re dead? Maybe the answer is – whenever you want! https://www.cfci.us/2025-the-final-drive Share with a Friend
Did you know that the IRS will tell you exactly when you have to take money out of your retirement accounts, how much and how much is theirs? Take control, the time to act is now to keep the IRS from telling you what to do! Are you single? Taking care of an aging Parent? […]
Is it true I Bonds are paying nearly 8%? Inflation proofing your retirement account – what you should own to protect yourself from inflation destroying your purchasing power? People who hate retirement? Yes some do, what can the rest of us learn from them? Share with a Friend
Capital Gain Taxes are different! Short term vs. Long Term How to maintain the stepped up cost basis if you want to transfer title to your kids before your passing. https://www.cfci.us/2025-the-final-drive Share with a Friend
Secure Act II moves through the House not to the Senate. Some possible big changes coming to our retirement system, including how you inherit those retirement accounts. Share with a Friend
What is the most sacred Tax Code the IRS has? You might be surprised! How can you take advantage of this misunderstood tax free product and maximize your tax free life? https://www.cfci.us/2025-the-final-drive Share with a Friend
Interest rates are making a big move up. How is this affecting your portfolio and what can you do, if anything, to protect it. Also, are you beneficiaries up to date? How not to disinherit grandchild and not even know it. Share with a Friend
If you own your company stock in your 401K plan, how you handle that stock could save you a ton in income taxes. Learn about this little known opportunity to save thousands https://www.cfci.us/2025-the-final-drive Share with a Friend
The market made a little rally into the end of the quarter, where do we go from here? Are interest rates indicating a possible recession is coming? Tune in to hear the whys and why nots. Share with a Friend
Maxing out your plans for tax free money in retirement? Lots of ideas on how to avoid this in the episode! Check out a few David covers: • Having your Roth 401k’s and IRA’s work together to max out your tax free savings • Catching up now that you have the money (in our 50’s) […]
Get caught up on the Markets and where we stand on things today after hearing the word inflation for so long, American’s are having their “aha” moment. Share with a Friend
What do you do if you want to a Roth conversion, but don’t have the money to pay the tax? David will discuss a great method to get the job done! https://www.cfci.us/2025-the-final-drive Share with a Friend
David will discuss how much money you will need to retire & creating goals for a successful retirement! Share with a Friend
What’s the best way to handle market declines when you haven’t had one for while? Stop looking! Sometimes ignorance is bliss. What does history show about conflicts and the markets? Lots to learn from history. Share with a Friend
David discusses more on delaying Social Security and how to fill the income gap between early retirement and maximum Social Security. Thus creating one of the most tax efficient, inflation adjusted income streams in retirement! https://www.cfci.us/2025-the-final-drive Share with a Friend
What’s going to change the direction of the Markets? Why is diversification not working the way you want? Here are tips on taking advantage of the current market conditions. Share with a Friend
This episode David discusses Social Security. Social Security is one of the most important income streams in retirement, for now, is also very tax favored. Learn how to get the most from it and not screw things up! Share with a Friend
This episode David discusses Married Filing Jointly and how you can set yourself up for success for the day one of you will be filing a single tax return. It’s unfortunate, and we hope the day never happens, but it will: either through a passing of a loved one or divorce. So, how can you […]
This week Doug Hughes will be hosting the show with appearances by CFC’s own Josh Norris, Rod Holloway, and Wayne Thacker. This is an advisor packed show you don’t want to miss! Doug will be discussing the Retirement Equation and continuing our conversations for Retirement Readiness. Josh will provide updates on Medicare. What are the […]
During this episode David begins discussing Longevity Risk. This is will be a reoccurring topic that addresses long term care, not running out of money, and leaving a legacy you can be proud of; to name a few. If you are 5 years away from retirement, now is the time to get serious about putting […]
Protecting your hard earned retirement funds from Markets, Mistakes, Estate Planning, Insurance and more. Also, addressing the mega of all risk and how to deal with it – that’s the great risk multiplier, Longevity Risk! Share with a Friend
During this episode I want to focus on the Federal Estate Tax Roller Coaster. This is where I talk about other forms of taxes besides our retirement accounts. Yes, I want to focus on our retirement accounts, but we can’t do that without looking at other assets: your home! Your estate can be taxed. What […]
Understanding why companies have stock splits and what does it signal? What do us Financial Advisors must start doing when recommending someone roll their 401K to an IRA? Share with a Friend
During this episode I explain exactly what is a Trillion-dollars. Many of us cannot fathom the idea! How are we going to help our Nation’s Trillion-dollar debt deficit? Well, through our IRAs. Listen to this episode and learn how converting your IRA now, during a lower tax bracket, to a Roth will decrease the amount […]
While David is out of town, Doug Hughes steps in to host this week’s show. Retirement Equation. What do we have that’s in total control, some control, or are things out of control? This covers everything from asset allocation, saving/spending, longevity, employment, market returns, and policy regarding. Doug also covers retirement readiness when looking at […]
2025, The Final Drive is a metaphor from my football playing and coaching days. It is an attempt to emphasize the importance of the last chance, time is ticking, and now is the time to go! During this episode I get into the why’s of this podcast, my book, and my entire mission to serve […]
Inflation pressure on Social Security and Medicare is the main reason taxes must go up! What can you do, if anything, to combat this challenge? Share with a Friend
How you earn your money should dictate how you invest your money. We are heading into 2022 with only 4 years left to get out of the way of higher taxes coming. What should you be doing now to make that happen? Share with a Friend
The story of David’s father Jerry Hays, who is 74 and is still working; and shares his tips and tricks that keep him young! Share with a Friend