Radio Shows

I know, I know, you’re probably tired of talking about the New Year … and last year … and all of the past years! “Let’s just get on with it!” you say. We hear you loud and clear, but guess what? Ed Slott just released the “Top IRA Rulings of 2018” that will, of course, affect 2019. The list includes: Lower Tax Rates, IRA Recharacterization, Estate Tax Easing, Alimony Taxation and Plan Loans.
Please forgive us, but this show must be done!

Market declines are a part of investing. Listen to today’s show to get some pointers on how to handle market gyrations.

Is it just me (Shea), or have we become a society that decides what it can afford based on monthly payments instead of long-term thought? For example, that car you want can be yours IF you can afford it monthly. Forget the six years of interest payments and added insurance costs. And if it’s not the big-ticket items that get you, it’s the small ones. You can stream your music AD-FREE for just $9.99 a month. Don’t forget your favorite movie series for just $12.99 a month. Add on your audio books, podcasts and online newsletters. You name it, you can have it all for a monthly cost. At year-end, those little monthly payments can add up to thousands of dollars.
We enjoy the convenient pleasures offered by technology. But what would happen if you decided to invest those monthly payments to fund your future? We are going to run the numbers to give you some fun perspective.

This year, we are experiencing the most significant tax reform since 1986. What have we learned since then? Instead of speaking for ourselves, we’ve invited CPA Jonathan Sluis on the air to discuss the pros and cons of the new tax plan. After assessing his current clients’ situations, he anticipates that over 86% of them will benefit from the new plan.
How? He will tell you!
Tune in today to find out what you need to know when filing your 2018 taxes. Here’s a hint: It’s all about perspective, strategy and simplicity!

Fewer than half of the population has a written will, and even fewer business owners have a formal succession plan. Recently interviewed by The Ticker, Curtis Kuttnauer of Golden Circle Advisors said, “In the United States, there are over 70 million Baby Boomers, with 11,000 turning 65 years old every day. Of these … it is estimated there is one business owner turning 65 years old every 57 seconds. There are 12 million businesses that are expected to be sold in the next 10 to 15 years, representing $15 trillion worth of assets.”
Let that sink in.
Today, Shea will be interviewing two business owners – Dennis Prout himself and Casey Petz. Both are advisors for different reasons and both have worked with clients who are transitioning their businesses. They want you to consider creating a succession plan that will preserve your legacy and the families that depend on you.

Listen to this episode and hear Dennis Prout discuss the variety of retirement accounts available and even give some example situations for saving.

Election day is behind us, and the holidays are in front of us. Before the end-of-the year distractions and commotion begin, let’s get ahead of the New Year with a checklist from Ed Slott. We know that the last thing on your mind will be your retirement accounts, but understand that missing deadlines can be expensive.
That being said, there are 19 ways to prepare for 2019!

So far, the S&P 500 is down 8.8% for the month of October (as of Sunday, October 28, 2018). If it finishes here, it will be the worst month since February of 2009, and the worst October since 2008. Remember those months?
Did you know that during the third quarter (the one that just ended), there was no daily move in the S&P 500 of more than 1%? The last time that happened was 1963. I (Shea) was not even born yet. However, in this month alone, we have seen six days of +/-1% … that’s about 33% of the month’s trading days.
The S&P 500 has lost ground on 14 days out of the 18 trading days so far this month. That’s more than any month since May 2012.
While this isn’t the most positive news, it’s best to accept reality and deal with it. The market moves and the best investors are the ones who can move with it.

The average couple retiring today at age 65 will need $280,000 to cover health care and medical costs in retirement, according to an annual estimate by Fidelity. Knowing how to navigate your health care is just as important as knowing how to manage your retirement accounts.
This past Monday, Open Enrollment began for Medicare Advantage Plans and prescription drug coverage, and you have until December 7, 2018, to make changes. Open Enrollment for individual health plans is November 1 through December 15, 2018, and you must be registered during this time in order to meet the January 1 effective date.
Join us and Laverna Witkop from Ford Insurance Agency this morning as we work through the health insurance deadlines.

Of the 200 business owners surveyed by Wilmington Trust Corporation, 58% of them have not created a transition plan. When asked why, 78% of them said that they enjoy running their company. Even more shocking, 45% of these business owners are over the age of 65. From our observations, an entrepreneur may have an easier time facing death than their last day of work.
Today’s special guest, Casey Petz, is a coach for entrepreneurs. When his father passed away unexpectedly, Casey was left with a family business to unravel … and it started at his father’s hospital bedside.
Casey knows full well the fallout from failing to plan.