Plan For Life Now: Recent Episodes
Capitol Retirement Strategies
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Hmm, what does that mean? You’ll have to listen to all of Episode 131 of Plan For Life Now to figure it out!
When Steve turned on the Zoom to start the podcast, he saw Dave fast asleep. Once Dave explained that, by law, 64 year old men must take a nap at 2pm on warm summer days, they were able to touch on Trump Accounts, Reasons to be bullish on this Bull Market, and Financial Fraud. Unlike Dave, you’ll be wide awake for the entirety of episode 130 of Plan For Life Now.Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and 529 Product Program Description, which can be obtained from a financial professional and should be read carefully before investing. Depending on your state of residence, there may be an in-state plan that offers tax and other benefits which may include financial aid, scholarship funds, and protection from creditors. Before investing in any state's 529 plan, investors should consult a tax professional. If withdrawals from 529 plans are used for purposes other than qualified education, the earnings will be subject to a 10% federal tax penalty in addition to federal and, if applicable, state income tax.
The Pod starts with a recap of our office move from one part of the Kentlands to another location down the street. Moving is no fun, but this one was really easy! From there, Steve and Dave discuss this incredible stock market run, and how things have changed, both technically and psychologically, since we opened the old office in 2010. If you like financial history mixed with Capitol Retirement Strategies history ( And who doesn’t?), you’ll love episode #129 of Plan For Life Now!Because Amy did all the work
It’s an action packed pod starting with some big logistical news about Capitol Retirement Strategies! From there we recap the winner of the Dave/AI versus Steve/Human Brain NCAA Pool competition, and end with a review of the book “1929”. But we promise you won’t be in a Great Depression after you listen to episode 128 of Plan For Life Now!
Obviously, AI did not come up with the Pod headline, but it did assist with Dave’s NCAA pool selections. Steve decided to go “Au naturel”, using only brain power for his picks. Who will win? In other tech news, will AI crater the stock market, the job market, and humanity in general? “As long as I win my bracket!” is not the answer we’re looking for on episode #127 of Plan For Life Now.
Even for seasoned Crypto investors who are used to the rollercoaster, the last six months of Bitcoin has been like Kings Dominion on steroids! That combined with the volatility of Gold and Silver made today’s episode a “State Of The Union” address on these Alternative investments. Also, in memoriam to what was The Washington Post, you’ll learn how Steve and Dave were almost the “Woodward and Bernstein” of the Northern Virginia high school journalism scene. Wow, you’re getting quite the diverse Pod on episode 126 of Plan For Life Now!
2025 was one of the better years to be an investor, but what’s next for 2026? As part of their annual “Prediction Podcast”, Steve and Dave look back at who was right and wrong last year, and what the “experts” are forecasting for 2026. You’ll also learn who Ned Davis is and why Dave inexplicably called him out. All this and more on episode 125 of Plan For Life Now.No, not a character on “The Simpsons”, but good guess!
Nothing screams “Past Performance Does Not Guarantee Future Results” like Artificial Intelligence stocks. What has fueled incredible market success over the past two years has analysts debating what might happen going forward. Steve and Dave tackle the tangible and psychological factors of the A.I. trade in episode 124 of Plan For Life Now.ChatGPT played no role in the writing or publishing of this podcast blurb
Similar to Dr. Martin Luther King Jr. (With the exception of the topic, gravitas, historical context, speaking ability, and every other intellectual attribute you can possibly think of), Dave shares his own “ I Had A Dream” speech. Steve adds his financial tidbits and, somehow, Episode 123 of Plan For Life Now is a pretty good potpourri podcast!French word for “winging it”
Ever wonder what happens when a whole bunch of financial advisors get together for a 3 day conference? If you said, “Yes”, then you need to critically analyze your “Things To Wonder About” list. Having said that, Steve, Dave, and Amy learned a lot at their Broker Dealer’s annual meeting at the Gaylord in National Harbor. We share all the information, stories, and helpful takeaways on Episode 122 of Plan For Life Now!It only took Amy 122 episodes to be mentioned in the Pod summary. Now I have to figure out how to work her into episode 244.
On episode 121 of Plan For Life Now, Steve and Dave break down the recently passed “Big, Beautiful Bill”. How does this bill affect you? If you’re very rich, you’ll be very happy. If you’re retired and a typical client of ours, we think you’ll like some of the things you hear. If you’re on Medicaid…there are so many other podcasts out there for your listening pleasure.
A very bullish episode 120 of Plan For Life Now starts with Dave’s review of his trip to Japan. He’s bullish on Japan, especially the toilets ( That, my friends, is what we call “a tease!). Steve then makes a strong case that we are not going into a recession, followed by a more existential discussion of the psychological reaction people now have towards the stock market. The Wall Street Journal says, “Episode 120 has a truly positive vibe, one of our favorites!”**The Wall Street Journal did not say this. They don’t even review podcasts.
In this day after “Liberation Day” podcast, Steve and Dave try to unwind and analyze what all this tariff stuff means. Is their analysis accurate? Only time will tell. More importantly, how does this affect your retirement plan, and what should you do going forward? A lot of questions and (we think) some good answers on episode #119 of Plan For Life Now.
Be it tarrifs or DOGE or whatever, the March markets start off (way!) down. A good time for Steve and Dave to reiterate their tangible and emotional investing fundamentals! Plus, you’ll learn a new phrase, “The Yen Carry Trade “. All this and more on episode 118 of PFLN.If you already know what “The Yen Carry Trade” is, we recommend less screen time, and more person to person interaction.
Are you a Fed? Is going into the office 5 days a week not for you? Are you retired or recently retired, and know you need a game plan, but have told yourself you’ll “get to it at some point?” If so, starting at the 7:30 mark of Episode 117 of PFLN, Steve and Dave discuss the financial challenges,solutions, and action steps for federal retirees in 2025!
It’s the season of giving, so Steve and Dave start with how the markets certainly held up their share of the bargain in 2024. And speaking of 2024, they move on to “Seven Lessons of 2024” by Charlie Billelo, arguably the second greatest “Lessons” piece ever written ( Sorry, nothing beats my personal golf bible, “Ben Hogan’s Five Lessons”). If you’re interested in financial and philosophical guidelines for 2025 and beyond, then episode 116 of Plan For Life Now is definitely for you!
The Trump (Gravy?) TrainIt’s a special election recap episode! What will a second Trump presidency mean for your money? Dave and Steve go over the Pros, the Cons, the Neo Cons… You name it, they will cover it on episode #115 of Plan For Life Now.
Just in case you didn’t believe we were a Washington DC area firm, we decided to take the month of August off from podcasting. So we start with our summer recap, including Steve’s trip to Colorado and Dave’s rare use of the word “frothy” to describe the market’s big returns in July. We also give a stern warning on falling prey to presidential politics and investment emotions. All this and more on episode——of PFLN.*Best Pod title ever if the Dow Jones was pronounced the “Dough Jones”
It could be Trump. It could be Biden. As of this recording, it could even be someone not born during the Roosevelt administration (Franklin, not Teddy, although it seems like Teddy). In any case , Steve and Dave debate whether this election will lead to a market correction. Plus, you’ll meet Harry Dent-The Bear of all Bears. Forget “Nervous Nellie”, this guy is “ Hair On Fire Nellie”! All this and more on episode—-of Plan For Life Now.
After a brief epilogue on Tony Robbins’ out of touch financial advice (great tips if you’re “The Billionaire Next Door”, not so hot for the bottom 99.9999%), we delve into what may be the next great investment bubble, AI. Dave’s a big fan of Professor Scott Galloway, and he is predicting that the AI bubble will burst. So if you’re not quite ready for the “Mr Roboto* Revolution”,Episode 112 of Plan For Life Now is definitely for you!
The podcast starts with Steve’s look back at the life and times of Daniel Kahneman. Who’s Daniel Kahneman (Said everyone with a life and/or hobby)? He’s a psychologist whose theories on human behavior have had a profound effect on the world of finance…Oh, that Daniel Kahneman!! We also discuss some questionable investment advice from another guy who knows a thing or two about human behavior, motivational speaker Tony Robbins. So if you’re a human and have ever exhibited behavior, you’ll love episode——of Plan For Life Now.
Nobody wants to be the victim of a financial scam, yet they are becoming more prevalent and exotic every day. The story of one such incident, that Steve relays in this podcast, is fascinating, terrifying and informative all at the same time! Episode 110 of Plan For Life is a must listen, and a must lesson, for all of us.
In episode 109 of Plan For Life Now, Steve and Dave give a detailed overview of what happened in the markets in 2023 (Good Stuff) versus what happened in 2022 (Bad Stuff). All of this as a data point for what may occur in 2024. But regardless of market results, their hypothesis is to buckle up for an election year like no other!
It’s a festive episode for this holiday season, with a lot cool gifts-Like the stock market, the bond market, and the 60/40 portfolio! Also, a special tribute to the late, great Charlie Munger. If you’ve never heard of him, listen and find out about one of money’s wisest men. And finally, don’t always take the advice of those famous financial pundits. So there’s presents, a wise man, and a grinch…a perfect recipe for episode 108 of Plan For Life Now.*Actually, he lived to 99, so we knew ye pretty well
Steve and Dave spend the majority of episode 107 reviewing where we are right now as the markets head toward 2024. Steve adds some prescient insight on bonds: Dave finishes the pod off with some startling reality about Long Term Care, proving once again that life, money, and segments of Plan For Life Now are truly unpredictable!Recently voted into the “Fancy Word That Makes You Sound Smart” Hall Of Fame
No way to sugarcoat this one- If you own the Federal LTCi plan, you’re looking at another price hike that could be up to 86%. But there will be options to amend your policy to mitigate the cost. Please use this short podcast as a guide on how to deal with this. We strongly recommend passing this Pod on to others you know who will also have some important decisions to make!
The show begins with Steve and Dave “waxing poetic”* about the end of summer, and quickly moves into a detailed review of a great column by Michelle Singletary about the emotional fraught of retirement. Then Steve debunks Michael Burry’s latest doom and gloom market prediction. If you’re worried about your money running out, and a fan of shorting the “Big Short” guy, you’ll love episode 105 of Plan For Life Now
*Fancy words for complaining
After a quick market recap (and a good one at that!), Steve and Dave get into a detailed discussion about the fine line between how an investment opportunity is advertised on radio and TV* versus how it performs in real life. Before you buy what your favorite media outlet is selling, you may want to listen to episode (whatever) of Plan For Life Now.
*The world is collapsing, so drop what you’re doing and get some gold
This show is full of financial fireworks!* Steve and Dave start off with a discussion of how the markets did for the first half of 2023, then pivot into a back and forth about Artificial Intelligence. They finish with some sophisticated ideas to make your extra cash really work for you. Plus, a rare (and only ever) cameo mention of former Surgeon General C. Everett Koop! It’s all on episode 103 of Plan For Life Now
*Not really, but had to write something for 4th of July
It’s the episode you’ve all been waiting for, big number 100! We take a trip down memory lane, starting with the radio show at WMAL. If you’ve ever wondered about Dave and Steve’s broadcasting timeline, and how that led to a podcast that’s rocking triple digit listenership, then you need to tune in to this very special episode of Plan For Life NowReally 101…they’ll explain
The title of our 100th episode is also the Jeopardy answer to the question, “What type of bank do I hope my money is in right now?” The big 100th episode celebration takes a back seat to the big questions, like Why did this happen? What will happen next? And what, if anything, should you do about? You’ve got questions and we’ve got answers on this informative episode of Plan For Life Now.
The title of our 100th episode is also the Jeopardy answer to the question, “What type of bank do I hope my money is in right now?” The big 100th episode celebration takes a back seat to the big questions, like Why did this happen? What will happen next? And what, if anything, should you do about? You’ve got questions and we’ve got answers on this informative episode of Plan For Life Now
Well, it’s the last pod before the “100th Episode Mega Celebration” and Dave gives us a hint about two superstars who may be making a surprise appearance (Spoiler Alert-It’s not true!) Speaking of celebrations, Steve points out that the markets partied like it was 1999 in January, but we’re hungover like it was 2022 in February. You’ll also hear a pretty darn positive, glass is “full full” spin on interest rates. All this and more on episode 99 of Plan For Life Now!
Steve and Dave start things off by being the last two people on earth to wish you a “Happy New Year”! It’s a perfect prelude to their Predictions for 2023 extravaganza . What does the new year have in store for the “3 B’s” (Bonds, Bitcoin and Bezos)? Will the Fed pull off their “soft landing”? Is the 60/40 portfolio dead? If you like a slew of prognostications, and new financial catch phrases like “Slow-cession” and “The Great Inflation”, then hurry up and turn on Episode 98 of Plan For Life Now!
Steve and Dave look forward to their upcoming, star studded spectacular ( actually doing nothing different than normal) 100th podcast episode, and look back at the market’s 2022 performance. What if 2023 is as dismal as 2022? Does it really matter? If you’re interested in Dave peppering Steve with 4 word questions, and an old random story about running into former GE head honcho Jack Welch on the golf course, then episode 97 of PFLN is for you!
Steve and Dave cover a variety of topics including the dangers of market timing, some surprising tips on “TIPS” (and Gold, but that didn’t sound clever), and a negative spin on the advancement of Alzheimer's testing. Along the way, you’ll be introduced to the “When They Say It’s Dead It’s Very Much Alive Fund”. It will all make sense when you listen to episode 96 of Plan For Life Now
Steve and Dave delve into all of the predictions and theories about where this volatile stock market is headed. Have you heard the one about what stocks will do after the Midterm elections? Steve and Dave have…many times! If you’ve been wondering if our 95th podcast will lead to the market going up 9.5% in 95 days, then this episode is definitely for you!
The endless summer is ending, and on this episode of PFLN, Dave ponders this fact from his patio in Ocean View, DE. We also learn about his pickleball performance at the Maryland Senior Olympics, which was eerily similar to the stock market in August-weak and seemingly lifeless. Steve points out some interesting “glass half full” points about the future of the stock and bond markets, and there’s a passionate discussion about what retirees are really worried about these days.
There is no other word to describe recent stock and bond returns, other than awful. The six months ending June 30th ranked in the bottom 2% in history for a balanced portfolio. Dave and Steve discuss the current state of the markets and what we should expect for the rest of the year. What will the Secure Act 2.0 mean for your RMDs? Should I buy I bonds right now? And why are so many people filing early for social security? Hear all this and more in the latest episode!
After flirting with the magical 20% barrier, stocks officially closed in a bear market. What does this mean for the average retiree? How long does the typical bear market last and how fast is the average recovery? How should you have your assets allocated between different asset classes? Also, find out which famous (infamous?) internet ad is mysteriously absent during a bear market and why it drives Dave crazy. Tune in to hear all of this and more in the latest episode!
As the stock market continues to decline, Dave and Steve weigh in with their thoughts and look back at past bear markets. What can we learn from the past declines and how does it relate to today? They also discuss what it feels like to retire and start spending retirement assets in this environment. Is the 4% rule still applicable today? Tune in to hear it all!
The market woes have continued as we entered the 2nd quarter of 2022. However, the normal dynamic of bonds as a safe haven from stock market declines has not played out this year. While stocks are down 10%-15%, the broad bond market is down almost 10% off it’s highs. What does this mean for diversified portfolios? Is the 60/40 model of asset allocation dead? How should you allocate in the future? All of this, plus we answer listener questions from the mail bag. Tune in to hear it all!
Concerns over Ukraine, inflation and rising interest rates have continued to weigh on the market and cause negative stock market returns. In this month’s episode Dave and Steve attempt to give some perspective on the current decline. How has the market reacted to past geopolitical shocks? How often does the market recover from a decline and still produce positive year end results? Is this the start to the next bear market? Tune in to find out!
2022 has started off with something we haven’t seen in a while: Volatility. Listen to the latest podcast to hear Dave and Steve discuss why the stock market is off to a terrible start. What does this mean for the rest of the year? How can we use history as a guide to what might happen going forward? Should we pay attention to the financial pundits when they make predictions? Tune in to gain some perspective on the market decline and to determine whether you should make any changes to your portfolio!
Dave and Steve start off the year by looking back at 2021 and looking forward into 2022. How much did the stock market gain in 2021 and how much growth are pundits predicting in 2022? More importantly, how do the long term projections affect how you should plan for your own retirement. Listen now to find out!
In this episode Dave and Steve discuss a topic that is near and dear to all of us; how can we (legally) minimize the taxes we pay. First they explain the analysis behind the decision to convert to a Roth IRA (8:23). Next they discuss how it might make sense to realize capital gains now rather than in the future when capital gains taxes might rise (23:03). Lastly, they discuss the use of life insurance and how it can be structured as a very tax efficient asset (24:42).
The most recent inflation data shows that prices have increased at 6.2% over the past year. This is the highest inflation reading since the early 90s. Will we continue to face high inflation for years to come? Listen to Dave and Steve discuss the future of inflation and how to position your portfolio going forward.
In today’s modern media world of Facebook and Twitter, we’ve all witnessed “outrage marketing”, even if we don’t know the term. These are the articles designed to elicit an emotional response, either positive or negative. In this month’s episode, Dave and Steve discuss “outrage marketing” in the world of personal finance. How can this type of marketing bias your portfolio and how you invest?
In this month’s episode Dave and Steve discuss 10 things that might or might not happen in the future according to Wharton’s Jeremy Siegel. Will inflation continue to rise? Will taxes increase? What will happen to bond yields? Will tax rates be higher? Will value outperform growth? Tune in to find out!
In today's world of instant gratification and same day delivery, the idea of slow and steady growth seems boring. In this episode Dave and Steve discuss why diversification isn't exciting, but it works. Check out the latest podcast to find out how to avoid getting sucked in to the hopes of 10x returns and why slow and steady wins the race!
Dave and Steve get back together for an in person podcast for the first time since the start of the pandemic to discuss the question on everyone’s minds. Is inflation here to stay? The popular opinion says that the unprecedented levels of government spending will lead to big inflation numbers in the next few years. But many prominent economists feel that the inflation we are witnessing right now is just a temporary result of pent up demand. Find out what it all means for your portfolio and how to prepare regardless of who is right!
After taking off the month of May (whoops!) Dave and Steve are back to discuss the five big money risks in retirement. What can happen when you take big withdrawals too early in retirement? Or what if you underestimate the risk of inflation? Find out all about these risks (and more) by listening to the latest episode!
In this month’s installment Dave and Steve discuss the future of meetings in the post COVID-19 world. How many people will want to meet in person and how many people will continue to meet virtually? After a brief discussion of the current housing market, Dave and Steve wonder about the future of a 60/40 portfolio. Will this portfolio still offer investors a solid risk adjusted return in the future? Or is it time to re-think a balanced portfolio?
Dave and Steve mark the one year anniversary from the bottom of the stock market’s COVID decline. How far has the market recovered since the March 23rd, 2020 low? They look back on the feelings we all had and the actions that many of us took (or didn’t take) in our portfolios. What would you have done differently? And how can the lessons of the last year help you prepare for next time?
Dave and Steve help listeners make sense over the recent decline in stocks and rapid rise in interest rates. What does it all mean? Why would rising interest rates be bad news for stocks? Is it normal for high growth stocks to be declining so much? Tune in to find out!
Dave and Steve mark one year of socially distanced podcasts by discussing the average 401k balance for Americans broken down by age. Find out how you compare to the rest of the country. After that they wade in to the age old discussion of growth versus value investing. Growth stocks have dominated value for most of the last decade. Will this outperformance continue or is it time for value to shine?
In this month’s episode Dave and Steve start off by discussing the GameStop stock saga. If you haven’t heard about it (or don’t understand it), be sure to check it out. With that out of the way, Steve breaks down the biggest financial planning moves that can save you money. Find out about how Roth conversions, Medicare premiums, HSAs and interest taxation can effect your plan!
As 2020 draws to a close, Dave and Steve look ahead to what 2021 might hold in store. They examine predictions from both bullish and bearish market analysts. Is there any value to listening to these talking heads? Does this change how we position our portfolios?
Dave and Steve take a look at how conventional wisdom so often fails when it comes to the stock market. Whether it was the housing crisis or the Coronavirus crisis, we can look back at how the experts got it wrong. How can you prevent yourself from falling into the trap of the iron clad argument that ends up being dead wrong?
With the US presidential election only days away, Dave and Steve examine a question that we have all pondered. Who is better for the stock market, Democrats or Republicans? The more important question: Should you take any action and change your portfolio? The answers might surprise you!
In this month’s podcast Dave and Steve discuss a variety of topics. In 2020 there has been a dramatic rise in small investors placing risky bets in the stock market. Has the lack of sports gambling lead to a rise in stock market gambling? Next up they discuss the prospects for inflation going forward and what we can learn from the past. Last but not least, they discuss the ever present investment scam artist. How do these crooks pray on our fears to part us with our money?
In the latest episode Dave and Steve find out how well you know Social Security. See if you can beat Dave in this 12 question quiz about the ins and outs of the single largest retirement income source for most Americans.
In this month’s episode Dave and Steve discuss the impact of low interest rates on your savings. Also, they look at Goldman Sachs’ prediction for the stock market over the next 10 years. How would these projected returns effect your retirement?
In their continuation of social distancing podcasts, Dave and Steve tackle a big question: When should you sell stocks? A simple question with many complicated answers. In addition, Dave discusses the plans for a Capitol Retirement Strategies newsletter. Listen now to hear all the details!
As Dave and Steve continue their social distancing podcasts, they start by providing an update on the stock market. How far did the market fall and how far has it come back? How can we justify the current market levels given the horrific economic data? After that, Dave and Steve discuss inflation and how that has effected social security recipients for the past 20 years.
Dave and Steve continue their social distancing podcasts with a jammed packed episode. First they discuss the various toys Steve is buying for his kids to keep then occupied during the quarantine. Then they discuss the latest gem from Barry Ritholtz on what to do if you retired right before the Coronavirus. Last but not least, they discuss the surprising fact that bonds have outperformed stocks over the last 20 years. What does this mean for investors, and will it continue?
Episode #65: Old Man Dividend And The Long Term Effects Of Stimulus by Capitol Retirement Strategies
The speed of the stock market decline over the past month has been breathtaking. Dave and Steve offer their latest thoughts on the Cornavirus market decline. How can we use bonds to help us ride out the decline? How quickly have prior markets recovered? Are there any areas of opportunity?
The last five days have certainly been an interesting time to be an investor in the stock market. After an initially muted reaction to the coronavirus reports, stocks are now down 13% from their high. In this special coronavirus podcast Dave and Steve discuss their thoughts and concerns going forward. Here are a few highlights:
The market: While the market is down 13% from its high, the S+P 500 is still up around 6% over the past 12 months. It is certainly possible that things could get worse as the impact of the virus is felt in economies around the globe. It is even possible that the coronavirus could be the long awaited catalyst that tips the economy into a recession. That said, we have to remember that market declines and recessions are a normal part of investing. On average, a 10% market decline occurs every 10 months. A 20% market decline typically occurs every 3.5 years. It has been 11 years since the last decline of more than 20%.
Changes we are making: We don’t believe anyone can accurately predict the right time to get out and the right time to get back in. It is times like this that we are reminded why we hold conservative assets such as bonds, cash and annuities. These assets can provide us with a safe place for withdrawals without being forced to sell stocks low. With this in mind, we will be adjusting all withdrawals going forward to come from your non-stock assets until the market has recovered. We will handle this and no action is needed from you.
Reasons for optimism: The markets have successfully weathered past outbreaks such as SARS, MERS, swine flu and bird flu. In most of these cases the stock market generated a decent return 12 months after the outbreak. Short term declines have often created an excellent buying opportunity for long term investors.
Further reading: If you are eager to read more, here is one of the better responses we have seen: https://lgam.com/an-update-on-the-coronavirus/
As always, feel free to reach out with any questions or concerns.
Have equities become too risky? How much longer will the decade-long bull market last? Is a stock crash or a recession coming? Should I sell? In this month’s podcast Dave and Steve look for insight and wisdom from the words of legendary author and finance professor Burton Malkiel. Tune in to find out what this means for your investments!
In the first podcast of the new year Dave and Steve talk about passage of the SECURE act. What does this mean for RMDs and inherited IRAs going forward? After that they discuss an outlook for 2020. What are the experts saying and how has that changed since last year. Tune in to find out!
Dave and Steve start this episode by discussing the changes proposed in the SECURE Act. In particular they discuss the impact on RMDs and inherited IRAs. After that Dave tells the story of a friend who continued to ignore risks in his retirement plan and the sad consequences of his actions.
The stock market has been going up for over 10 years, and some investors have gotten complacent. Are you making some of the classic late cycle investor mistakes? Listen to Dave and Steve discuss these issues and how to avoid them in the latest episode of Plan For Life Now.
In this month’s episode Dave and Steve start (1:10) by recapping the market over the past year. After that the discussion turns (2:45) to politics, and what effect certain candidates might have on the stock market. To finish up (10:10), they discuss an online guide to uncertain markets published by American Funds. Listen now to find out how soccer penalty kicks relate to how you manage your investments!
In this episode Dave and Steve have a grab bag of topics to discuss. They start (2:30) by discussing how people think differently about investing in real estate compared to investing in stocks. Next (7:18) they take a look back at the economy 10 years ago, and compare the changes in our outlook going forward. Lastly, (14:00) they revisit a bucketed retirement strategy. How do you structure your short term, intermediate term and long term assets differently to meet my retirement goals?
In this episode Dave and Steve discuss (2:07) a Stanford study that examined 292 different retirement withdrawal strategies to determine the best one. After that they discuss (15:00) the resurgence of value stocks. Is value investing making a comeback or will growth stocks continue to dominate?
In this episode Dave and Steve break down the behavior and saving habits of their client “Bob.” Find out how “Bob” approaches his investments and helps to set himself up for a long and relaxing retirement.
In this episode Dave and Steve start (1:05) by discussing the ways that people organize their retirement and the risks they are facing. After that they discuss an article from their favorite columnist, Barry Rithholtz (11:27). Tune in to find out what are the 10 things people in finance should never say!
https://www.washingtonpost.com/business/economy/one-man-wanted-financial-certainty-and-fun-in-retirement-here-is-his-formula/2019/06/07/a672053e-887b-11e9-98c1-e945ae5db8fb_story.html
https://www.bloomberg.com/opinion/articles/2019-06-10/10-things-people-in-finance-should-never-say
This month Dave and Steve start off the show talking about a blood test that predict dementia (2:40) and how this might impact the future of long term care insurance. Then they switch gears and talk about Steve’s golf instructor (8:35) . How is his method of teaching golf a lot like the Capitol Retirement Strategies method of financial planning?
In this episode Dave and Steve discuss why good financial advice doesn’t always make for good headlines. In both finance and sports, “hot takes” and bold predictions attract attention. Tune in to hear more!
In this episode Dave and Steve provide a brief update on the market and then dive into the changes in Long Term Care insurance. The landscape for this insurance is changing dramatically as more and more carriers leave the marketplace. Tune in for all the details!
At long last, “Plan for Life Now” reached their milestone 50th episode. In this episode Dave and Steve take a trip down memory lane and discuss the origins of the podcast and Capitol Retirement Strategies. They discuss their days at WMAL, super producer Ken Hunter, Old Man Dividend, the worship of Barry Ritholtz, Liar BS Corner, making Redskin picks and much much more. Enjoy!
In this episode Dave and Steve discuss the government shutdown and the effects on local employees. In the second half of the episode they discuss columnist Barry Ritholtz’s annual list of what he got right and what he got wrong.
Old Man Dividend makes an encore performance as market volatility continues. Listen to the latest episode to find out what Dave and Steve recommend. Should he sell now? Or use this as an opportunity to buy?
In light of the recent market losses, Dave and Steve try something new. In this episode they role play a conversation with a client who wants to sell their stocks until the market “gets better”. Listen to find out what advice they offer and how it might apply to your situation!
Dave and Steve discuss the return of volatility. The stock market has been historically calm over the past few years. Is this latest downturn the start of a bigger sell off? Or just a natural market correction?
In this episode Dave and Steve discuss the 10 year anniversary of Lehman Brothers failing and the financial crisis. They also take time to discuss a seminar that they recently attended. In this seminar economist Fritz Meyer offered his thoughts on the economy and stock market. Is the market overvalued? Are we “overdue” for a recession? And is the media reporting on the market accurate?
In this episode Dave and Steve provide a quick update on the current state of the stock market. Then they discuss the way that investment ideas change and evolve over time. How does the “half-life” of an investment idea impact the way you invest?
Most people look to their financial advisor for sound investment recommendations. However, a good financial advisor should be able to add value through a host of other recommendations. In this episode Dave and Steve talk about helping clients structure withdrawals to minimize their Medicare premiums, completing Roth conversions, and realizing capital gains.
In this episode Dave and Steve tackle two very different topics. First, they discuss how the new tax laws may favor making charitable contributions directly from your IRA. After that, they discuss corporate debt and stock buybacks. Will this be the cause of the next bubble and stock market crash?
Beware the ‘mother of all credit bubbles’ Mortgage debt fueled the last bubble. Corporate debt is fueling this one.
In this episode Dave and Steve talk about the White House proposal to change the Federal Employee Retirement System. What changes are being recommended and what are the chances that these recommendations become law?
Dave and Steve discuss a popular internet strategy known as F.I.R.E. Financial independence retire early. Who doesn't like the sound of that? But is it really a new idea?
In the latest episode Dave and Steve discuss the four horseman of the coming retirement apocalypse. High stock valuations, low bond returns, increased longevity and the risk of long term care. All of these risks combined make planning for a successful retirement even more difficult than it has been in the past.
In this episode Dave and Steve tackle the market volatility of the past two weeks. What does this mean for investors, and should you be worried?
In this week’s episode Dave and Steve discuss the article written in the local newspaper profiling Capitol Retirement Strategies. They discuss their favorite quotes from the article as well as explain terms like “junk drawer planning” and “decumulation planning”.
In this week’s podcast, Dave and Steve discuss the importance of humility in investing. Why is it important to admit when you are wrong or just don’t know the answer?
In this week’s episode Dave and Steve discuss the tax reform proposals and how this might impact social security increases. Also, they discuss why you might have saved $1M and still feel poor.
In this week’s podcast Dave and Steve discuss the cycle of investor emotions. When the stock market is rising investors feel thrill and euphoria. When the market declines investors feel depression and panic. Where are we in the current market cycle?
The lawmakers on Capitol Hill are currently working to pass a significant tax reform package. One of the ideas being discussed is lowering 401k contribution limits. Listen to the latest episode to hear Dave and Steve discuss the pros and cons of this proposal and how it might impact savers.
In this week’s episode Dave and Steve discuss Richard Thaler’s recent Nobel prize. While most people have never heard of Thaler, his research has provided profound insight into how investors behave in the real world.
In this week’s episode Dave and Steve discuss the never ending bull market. How does eight years of rising stock prices impact your expectations for returns going forward? And why are negative returns early in retirement so devastating?
In this week’s episode Dave and Steve discuss the value of a financial advisor. How do you quantify the benefit of working with an advisor? In the latest study from Russell Investments, the effects of rebalancing, behavioral management, financial planning and tax management are all examined.
Dave and Steve discuss how most people do their best financial planning in the buffet line. How much time do you dedicate to financial planning each year? How much time do you need to spend?
In this episode Dave discusses his pet peeves with the marketing of other financial firms. Also, Dave and Steve discuss how a rising market makes all advisors heroes. What happens when the next market correction occurs?
With the 4th of July holiday in mind, Dave and Steve discuss the meaning of independence. What does financial independence mean for a client? What does it mean when you are choosing an advisor?
In this week’s episode Dave and Steve profile three investors who are worried about the stock market. Has the market being up for too long? Are we due for a correction? Find out how you should think about stocks when faced with the possibility of volatility ahead.
We all know that health care is a huge cost in retirement. Listen to the latest episode to hear Dave and Steve break down the health care and long-term care expenses you should plan for.
In this week’s episode Dave and Steve look “Into the Teeth of the Next Bear Market.” In this article (http://www.cnbc.com/2017/05/09/into-the-teeth-of-the-next-bear.html) the writer discusses 15 things that might happen when the market plunges 20%. Listen to find out where they stand on the author’s predictions.
In this week’s episode Dave and Steve try out an all new format. They answer questions they’ve been asked in recent meetings, seminars and phone calls. With only two minutes allotted per question they attempt to answer eight of their most frequently asked questions in this rapid fire episode. The result is a fast paced, wide ranging discussion of topics!
In this week’s episode Dave and Steve discuss an article titled “Confessions of a Personal Finance Writer.” This article was written in 2003, but outside of a few dated pop culture references, it remains applicable to today’s investing environment.
You probably read the title of this podcast and just assumed that Dave and Steve would be offering up their opinions. But no, they’ve done better than that. They break down recent comments from Charlie Munger and Robert Shiller about investing and the state of the stock market. Don’t know who those guys are? Listen to the podcast and find out!
Investors around the globe are always eager to hear a few sage words from the Oracle at Omaha. In this episode Dave and Steve discuss Warren Buffet’s annual shareholder letter. Also, Dave brings us up to speed on the latest Long Term Care insurance news.
In this week’s episode Dave and Steve discuss the pros and cons of the Trump presidency for investors. Will the potential for lower taxes and lighter regulation be enough to spur growth in this eight year old bull market?
What does minimalism have to do with retirement planning? Listen to Dave and Steve discuss how simplifying your life can apply to your investments as well as you closet. Also, Dave and Steve discuss potential changes to the Department of Labor’s Fiduciary rule and what that means for investors.
This week Dave and Steve examine the question, “Does Diversification Still Make Sense?” This has been a common question in recent years as US stocks have outperformed most other asset classes. Dave and Steve explain the historical reasoning behind diversification and how this applies to investment portfolios today.
2017 starts with a myriad of concerns facing investors. How will the incoming administration effect my investments? What about rising interest rates? Are stocks “overdue” for a correction? Dave and Steve discuss how history can be our guide when it comes to investing.
In this week’s podcast Dave and Steve discuss the recent NY Times article about Long Term Care insurance. In the article Dave and his clients are extensively quoted about their experiences in the ever changing Long Term Care insurance marketplace.
In this week's episode, Dave and Steve discuss an article from their favorite columnist, Barry Rithholtz. When does it make sense to use a financial advisor and when are you better off investing on your own?
In this week's show, Dave and Steve discuss the possibility of big losses in your bond portfolio. They also discuss John Hancock's decision to exit the long term care business.
Donald Trump has been elected President in one of the most shocking elections in recent history. Love him or hate him, we all need to think about what this means for your investments and retirement plan going forward. Listen to Dave and Steve discuss the outcome and how to properly position your mindset and portfolio for the next four years.
Should you expect a 5% return over the next 10 years? A new report suggests this is unlikely. Dave and Steve break this down and what it means for your retirement accounts.
In this week’s episode Dave and Steve discuss the .3% cost of living adjustment that Social Security benefits will receive in 2017. How should you think about this in the context of your overall plan? Also, how will predicted Medicare increases impact what little COLA you are hoping to receive?
On this week’s show Dave and Steve discuss QCDs and LTC. What is a QCD you ask? Qualified Charitable Distributions allow you to donate required minimum distributions to a charity to reduce your adjusted gross income. As always, Dave provides insight into the ever changing landscape of Long Term Care insurance. Last, but not least, Dave and Steve continue their Redskin predictions trying to get back into the win column.
There has been one question on the top of everyone's mind with regards to their portfolio: How will the upcoming election affect my investments? While no one knows the answer, we can use history as a guide. Dave and Steve take a closer look at historical returns based on who controls the White House, House and Senate.
On this week's episode of Plan for Life Now, Dave and Steve discuss football legend Sam Huff. His public and painful battle with dementia has led to difficult choices for his family members. They also touch on social security claiming and the advice you receive from the Social Security administration.
In this week’s episode Dave and Steve renew their tradition of picking the Redskins games. They also revisit the upcoming deadline for people holding the Federal Long Term Care insurance plan. In addition, they tackle the recent news of the Wells Fargo settlement for opening fake accounts. What types of conflicts of interest can exist between an advisor and their client? How can you attempt to minimize these conflicts?
In this week's episode of Plan for Life Now, Dave and Steve explore the psychology of the investor. What are investors thinking and feeling right now? What psychological mistakes are we all hardwired to make when it comes to investing? And most important of all, how can we avoid making these in our own retirement plan.
In this episode Dave and Steve discuss the upcoming price increase for the Federal Long Term Care Insurance plan. With an average increase of 83%, Dave discusses the options to modify you policy while still keeping your price reasonable.
On this week’s podcast Dave and Steve talk about Dave’s torn calf muscle and how it relates to financial planning. They also discuss the “4% rule” and Dave shares his thoughts on why a “cookie cutter” approach to your investments doesn’t make sense.
In their first podcast Dave and Steve discuss life after the radio show on WMAL. They also tackle the tough issue of the day, Brexit, and how to deal with this in your retirement plan.
Is there such a thing as a "magic product" that will solve all of your retirement woes? Absolutely not. How to choose the right products for your retirement.
Do election years really affect the market? What are some things you should look for when selecting your financial adivsor?