Having money is certainly better than not having money. Money is a tool that allows you to live a comfortable lifestyle. Yet, money cannot guarantee that the lifestyle you're living is one that gives you purpose. For that, you must look beyond the assets you own and consider how you're using the wealth you've built. In this episode, we welcome financial advisor and author Barry Moschel to discuss his book Make It A Life Worth Living: Your Purpose, Health, and Legacy . Barry shares simple lessons...
Jul 08, 2025•30 min•Ep. 214
Some of the most sweeping tax changes on the horizon will impact the estate you leave to your heirs. Beginning in 2026, the amount of assets you can pass to your heirs without paying estate tax will fall. These changes, if allowed to take effect, could significantly alter how you manage your estate plan. In this episode, we'll discuss those changes and how they might impact you. Later, we share some simple strategies for maximizing your rental property income as the summer rental season heats up...
Jul 08, 2025•30 min•Ep. 213
As talk of tariffs continues to roil the stock market, many investors have decided they are packing it in for now. They are done riding the market roller coaster and waiting for a smoother ride to get back in. However, just because the market is down doesn't mean there aren't opportunities to be found, if you know where to look. In this episode, we share some of the ways you can take advantage of a falling market with long-term beneficial results. And later, we'll discuss which items you might w...
Jul 08, 2025•30 min•Ep. 212
The big headline in April 2025 was tariffs. The Trump Administration announced new tariffs on imports from a variety of nations. Not surprisingly, global stock markets, including in the United States, fell significantly as investors considered the possible fallout. Whether it's tariffs, interest rates, or terrorist attacks, the market is always going to be susceptible to massive drops when people get scared. The key to weathering these storms is setting up a good defense in advance. In this epis...
Jul 08, 2025•30 min•Ep. 211
Each year, a small percentage of Americans will face the dreaded IRS audit. While there is no sure-fire way to avoid triggering an audit, there are certain tax situations that attract the IRS' attention more often and increase the odds you will be audited. In this episode, we examine 5 of the biggest tax red flags that will almost certainly trigger an IRS audit and how you can avoid them. Later, we will discuss a special tax deduction you may qualify for as a caregiver for a loved one.
Jul 08, 2025•30 min•Ep. 210
Following the death of legendary actor Gene Hackman, details came to light about his estate plan. Because he and his wife died so closely together, it was unclear who actually died first. This set off a chain reaction that led to disputes over his substantial estate. In this episode, we examine cautionary tales of celebrity estate planning nightmares and how you can avoid them. Later, we share how retirees are earning actual income from their hobbies.
Jul 08, 2025•30 min•Ep. 209
At some point, it is likely you will become a caregiver for an aging parent or spouse. Helping a loved one transition from independent living to assisted living or nursing care can often be a challenging ordeal. The key to managing that transition as best you can is being prepared. In this episode, we share the key documents to have and considerations to make as you become a caregiver for a loved one. Later, we discuss the most important things you should know before hiring a financial advisor....
Jul 08, 2025•30 min•Ep. 208
Of all the classes of assets people can invest in, the one that seems to attract the most interest, but has the least amount of understanding, is alternatives. For many people, the idea of investing in alternatives is exciting, exclusive, and maybe a bit dangerous. Promising huge potential returns, alternatives can be a great way to multiply your wealth, or lose it all. In this episode, we discuss three of the most popular types of alternatives, Private Equity, Hedge Funds, and Real Estate Inves...
Apr 08, 2025•30 min•Ep. 207
It was hard to ignore the big financial story from the past few weeks. We’re talking about tariffs. President Trump announced tariffs on imports from Canada, Mexico, and China and, not surprisingly, the stock market reacted negatively. Tariffs have a lot of Americans nervous about the future for our economy, yet recent history suggests they might not be such a big deal. In this episode, we examine the potential impact of these tariffs and whether or not they will happen at all....
Feb 10, 2025•30 min•Ep. 206
One question we get quite frequently is "Should I consider using Roth accounts?" Like almost every financial question, the answer is, 'It depends." While using Roth accounts won't really make any difference in the investment choices you make, they can have major impacts on your future taxes. Choosing to use Roth accounts or Roth Conversions is a judgment call based on your specific goals and needs. In this episode, we examine situations where using tax-free Roth accounts in your retirement plan ...
Jan 20, 2025•30 min•Ep. 204
It's often said that the only things certain in life are death and taxes. However, there is one missing from that list. One thing that is absolute certain is uncertainty. Change is inevitable and this includes the economy and market. Still, while we can't predict what or when changes will occur, it is possible to take steps to prepare your money. In this episode, we share how to navigate financial changes with tried and true strategies.
Jan 20, 2025•30 min•Ep. 203
Every new year brings new financial rules and laws that impact our money and the financial decisions we make. As we begin 2025, this year is no different. Changes to Medicare, Social Security, taxes, and 401k plans have all taken effect and it's vital that you know what's changing and how they will impact you.
Jan 20, 2025•30 min•Ep. 202
As 2025 approaches, there will be no shortage of headlines that dominate the news in the coming months. Among those are financial headlines that will likely have significant impacts on the economy and market. In this episode, we reveal the top financial headlines for 2025 we will be watching. And later, we will share a better way for setting New Year's Resolutions that ensures a much higher probability you will achieve your big goals.
Jan 02, 2025•30 min•Ep. 201
Millionaires have a very low probability of running out of money in retirement. Yet, there are those that are very happy, contented, and living their best lives and there are those that are unhappy, stressed, and always chasing more. How can there be such a disparity in the the experiences of people with similar financial resources? In this episode, we share common characteristics of The Unhappily Rich. Later, we reveal some of the most popular AI features on Apple and Samsung phones you probabl...
Jan 02, 2025•30 min•Ep. 200
More than 66 percent of Americans have no estate plan of their choosing and are relying on courts and state laws to decide what happens to their lifetime of accumulated assets after they pass away. Sadly, the people that are impacted most are the loved ones left behind. In this episode, we discuss why creating an estate plan is the ultimate gift of love to your family. And later, we share why a financial plan is the perfect gift to give the younger members of your family this Christmas.
Jan 02, 2025•30 min•Ep. 199
Studies show that those who live to the age of 65 have a 70 percent probability of needing some type of long-term care at some point in their lives. As human life expectancy grows, this fact makes it more likely that children will become caregivers for aging parents. In this episode, we examine some of the actual experiences of clients we serve and how they have handled the significant challenges and burdens of becoming a caregiver. Then later, we share some of our strategies for reducing or eve...
Jan 02, 2025•30 min•Ep. 198
Most of your life will be spent in the accumulation phase of managing your wealth. The goal is to grow your nest egg so that when you retire, it's as big as possible. However, there will come a time when the primary goal is to preserve and spend your wealth in retirement. This is called the decumulation phase and mastering it takes a totally different mindset than the growth phase. In this episode, we reveal why having a growth mindset in retirement can actually hurt you. Later, we discuss year-...
Jan 02, 2025•30 min•Ep. 197
While having a lot of money in retirement can certainly make life easier and more enjoyable, it does not guarantee happiness. What truly makes wealthy retirees happy is what they do with the wealth they have. In this episode, we reveal 5 key habits happy retirees share. And later, we share simple strategies you can use to put your lazy cash to work.
Jan 02, 2025•30 min•Ep. 196
Approximately 90 percent of wealthy families will see their accumulated wealth disappear within three generations. It shouldn't be surprising that the generations who had little or no role in creating the wealth have little respect for how hard it was to earn it and preserve it. In this episode, we talk with Pam Mowry, CEO of Canterbury Voices, about the importance of shared vision and values among families and the role that philanthropy plays in a successful financial plan.
Dec 09, 2024•30 min•Ep. 195
Most people have some idea about what their retirement will look like. Travel, spending time with family and friends, volunteering, etc. However, other things they thought would be important often turn out not to be. In this episode, we share 4 retirement realities that many people get wrong.
Dec 09, 2024•30 min•Ep. 194
Preparing for retirement is a journey that takes planning and time with a multitude of decisions to make. Some, like how much cash flow you'll need each month, are pretty evident. Others are less so. These are the misunderstood and overlooked decisions you didn't even consider. In this episode, we share some of those spooky retirement decisions that hide like monsters under your bed, ready to scare you when least expected.
Oct 28, 2024•30 min•Ep. 193
Most people think of planning for retirement as creating the perfect investment portfolio. That's definitely a big part. However, there are so many others parts that are easy to overlook, even by professional financial advisors. Often, they aren't thought of until there's a problem. In this episode, we share some interesting and little asked questions retirees face and how to deal with them.
Oct 28, 2024•30 min•Ep. 192
Do you feel in total control of your financial choices? You buy or invest in something and believe you know exactly what to expect as a result. However, there are often unintended consequences from the financial choices we make. You pull one lever not realizing it could trigger others down the road you can't see. In this episode, we examine some common financial decisions people make and how to anticipate the consequences beyond your initial choice.
Oct 28, 2024•30 min•Ep. 191
Hurricanes, wars, election tension, labor strikes? That was all in just the last week of September 2024. It doesn’t matter the time or season, there will always be bad news that causes uncertainty and fear in the market. It can truly be a mad, mad, mad mad world. However, making financial decisions based on your emotional reactions to these headlines will usually end up costing you. On today’s show, we are giving you the playbook we use for our Millionaire clients so you can avoid spending mad m...
Oct 07, 2024•30 min•Ep. 190
As we near the 4th quarter of 2024, many year-end deadlines are approaching that impact you financially. This means you have just three short months, or less, to make some of the biggest financial decisions you will make all year long. In this episode, we share your year-end financial housekeeping list and options you should consider before the calendar turns to 2025.
Sep 30, 2024•30 min•Ep. 189
It's often said the greatest fear retirees have is running out of money. While that is true, and probably always will be, it's not quite accurate enough. What retirees truly fear is not being able to generate income in retirement. This makes sense because choosing retirement is choosing 30+ years of voluntary unemployment. With no more paycheck from work, you must find a way to generate income in retirement. In this episode, we share our favorite strategies for building your retirement paycheck ...
Sep 23, 2024•30 min•Ep. 188
While it’s not a given, there is a high probability that we will soon see The Federal Reserve announce they are lowering interest rates. Naturally, many are asking, "How far and how fast will rates fall?" Regardless of when and how much interest rates decrease, what can we expect to happen when they do? In this episode, we share 5 things to expect as interest rates begin to fall and how you can use them to your advantage.
Sep 16, 2024•30 min•Ep. 187
The Great Wealth Transfer is underway! As Baby Boomers age over the next decade, it is is expected that nearly $90 trillion in wealth will pass from them to their heirs. If you plan to leave a legacy to your family, at some point, they need to know your plans, where the money is, and what to do and whom to call should something happen to you. In this episode, we share the essential estate planning documents you should have to make the transition of your wealth to your heirs much smoother.
Sep 06, 2024•30 min•Ep. 186
With Election Day just two months away, our thoughts begin turning to the Presidential race. Among the many things Americans will consider as they step up to the ballot box, the potential impacts to their families' financial futures will likely be near the top of the list. Of chief concern will be taxes. There are few things the economy and market care about in Washington, D.C., but taxes are one of them. In this episode, we compare the likely tax policies of the two Presidential candidates, Don...
Aug 29, 2024•30 min•Ep. 185
If you haven’t heard already, a massive data breach was recently reported involving the theft of more than 2 billion pieces of personal data, including, among many other things, Social Security Numbers of millions of Americans. It is very possible that every Social Security number was stolen, with the true scope of the breach yet to be understood. So, what should you do to protect yourself? In this episode, we share the exact steps we’ve advised our clients to take so you can protect yourself an...
Aug 26, 2024•30 min•Ep. 184
