Radio Shows

The man, the myth, the IRA legend – Ed Slott – is calling in today for a LIVE broadcast!

What will we talk about? The better question is, “What won’t we talk about?”

From missed retirement account deadlines to tax advantages of a Roth IRA – no topic will be off-limits! So be ready to call in with your questions. This show will be a full hour of non-stop information that will help you navigate the complexities of retirement planning as it relates to taxes.

When it comes to saving for retirement, one of the biggest mental blocks for people is that the accounts are protected. In other words, there are rules about how much you can put in, take out and when. Considering all the rules, it’s no surprise that mistakes are made, and they can be costly. The question then becomes, which ones can be fixed? Which ones can’t? Ed Slott gives this example: If a non-spouse beneficiary of an inherited IRA attempts a rollover, there is no going back. If the money comes out, it cannot be returned; inherited IRAs can only be transferred. A rollover of an inherited IRA is a fatal error, and no one can un-ring that bell.
Tune in today to learn about the ins and outs of fixing IRA and retirement plan mistakes.

Women live longer than men. Women spend less time in the workforce due to child-rearing years and caretaking for their families. Women make less on the dollar than men. Almost two-thirds of Americans living with Alzheimer’s are women. Are the stats stacked against women and their financial security?
A Fidelity study of more than 8 million investment accounts concluded that women’s portfolios tend to deliver higher returns. We tend to save more, take fewer risks and are patient to build a financial plan rather than fixate on investment performance.
Women take notice! You are good at this!
Join us today as I (Shea) interview Heidi Thompson about how women can use accessible resources to create the financial security they are looking for.

Typically, we interview CPAs prior to tax season to help listeners as they prepare their taxes. This year, however, we had a different idea: We interviewed a CPA post-tax season too. Jon Sluis, president of Intrust Solutions, sat down with our two advisors, Dennis Prout and Heidi Thompson, to discuss the after-tax math. Learn what worked for most in the 2018 season and what you’ll need to do in the coming year. We’ll focus a good portion of the show on solo entrepreneurs.

Do you feel it? Spring is HERE! Most days you can walk outside without a jacket, the grass is greener and there are buds on the trees. And Tax Day is finally behind us! It’s time for new beginnings, and a great opportunity to have a “spring cleanup” conversation.
That means we’re going back to the basics of financial planning, starting with the letter “B” for budgets. Then we’ll discuss ways to cut expenses, save for retirement and buy insurance.
Regardless of age, income or retirement status, it’s always good to take a second look and see where there is room for improvement.

We could do a weekly segment on Social Security alone. The stats are astounding:
· In 1940, the life expectancy of a 65-year-old was almost 14 years; today it is just over 20 years
· December 2018, the average monthly benefit was $1,461
· By 2035, the number of Americans 65 and older will increase from approximately 49 million today to more than 79 million
· There are currently 2.8 workers for each Social Security beneficiary. By 2035, there will be 2.2 covered workers for each beneficiary
That being said, let’s chat more about it today on NEW Retirement Live!
Find out why 2019 is a key year for Social Security, how divorce affects your accounts, and when to choose between a lump sum or a bigger Social Security benefit.

Week after week, we talk about saving, saving, saving! So that one day you can spend, spend, spend! What if we talked about how to spend your money now? That’s the silver lining to Tax Day for those of you who are getting refunds. The IRS processed 26.9 million individual tax refunds as of February 8, the second week of tax season, and the average refund issued was $1,949. (cnbc.com)
Perhaps you’ve already decided what’s happening with that money. But in case you need more ideas, we want to help you!

My friend Chelsea’s dad has a clever saying as not to be persuaded by “he said, she said” arguments. He says, “There’s always two sides to every pancake.” It took me a minute to understand what he meant, but honestly, it makes sense! The same goes for estate planning. The intention of the one leaving assets may not be received by the heirs with the same understanding. In fact, they might fight it.

Unfortunately, we hear this story frequently. Whether you’re the one planning or receiving, we want to help you see both sides of the pancake!

Even within the context of today’s economic reality, there are very astute economists and financial industry experts who can’t agree on a popular topic … and no, it’s not Donald Trump. It’s predicting a recession. All these folks are reviewing the same charts, observing the same historical patterns and working within the same market. And yet, they are drawing very different conclusions. We are going to share the facts with you on today’s show so that you can decide what side you’d like to take – the bear or the bull. We will also give you advice that these experts might all agree on … becoming as recession ready as possible.
Believe it or not, it’s simple advice that applies to any economic climate.

Remember the days of simple retirement planning? Folks had a pension, savings, and social security. That was about it! Today there are multitudes of accounts to consider. There are Traditional IRAs, 401(k)s, 403(b)s, Roth IRAs, Social Security, Pensions, Stocks, Bonds and Mutual Funds, Annuities, Life insurance and the list goes on. Guess what hasn’t changed? Taxes. All accounts must be taxed one way or another. When creating your retirement income strategy, it’s imperative to consider tax consequences for each account. This is necessary for withdrawal strategies. Today we are going to review Kiplingers, “How 11 Types of Retirement Income Get Taxed.”