The Prosperity Gap Podcast - podcast cover

The Prosperity Gap Podcast

Dave Hall•www.prosperitygap.com
Business
Investing
Education
How To
We teach you how to bridge the financial gap in your life and better prepare you for retirement. Season one was 30 episodes all about Financial Literacy. Well, season two is all about taking it to the next level with retirement. As we talk to others, we realize that over 70% of Americans have not prepared themselves for retirement, and of those who have, 68% assume they're gonna run out of money before they die. Are you ready to bridge the financial gap in your life? Let's go!
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Episodes

Episode 75: Unforeseen Family Needs During Our Retirement Years

Retirees find themselves helping family—children, grandchildren, and even their own parents as life expectancy increases. Well-planned retirement plans should take into consideration the chance of having to help family. Support the show

Sep 17, 2021•31 min•Season 2Ep. 75

Episode 74: Health Care Needs in Retirement

Health Care Needs In retirement, folks typically spend $250,000-300,000 alone in medical expenses With scientific advances being made every day, life expectancy increases. Statistically speaking, the longer one lives, the more of a chance they are to experience medical needs—unpredictable and expected. Support the show

Sep 10, 2021•35 min•Season 2Ep. 74

Episode 73: Unexpected Risk: Public Policy Changes

Public policy has a huge impact on programs such as Social Security, Medicare, and Medicaid. If major changes are made within these public policies it could cause an increase in taxes, reduction in benefits. Uncertainty is detrimental to a safe and secure retirement. Support the show

Sep 03, 2021•37 min•Season 2Ep. 73

Episode 72: Post-Covid-19: Its Effects on Retirement

It is not secret that the Covid-19 pandemic has affected the economic climate and financial health of our world. Recovering from it will take many years. A lot of folks took advantage of the CARES Act early distribution relaxation to offset financial downturn. Support the show

Aug 27, 2021•30 min•Season 2Ep. 72

Episode 71: 401(k) Risks

Retirees often only have a 401(k) as their investment vehicle in their portfolio, especially if they do not meet with an advisor to determine other options. Knowing the risks and how the ball is majorly in your own court will help you save for a secure retirement. Support the show

Aug 20, 2021•28 min•Season 2Ep. 71

Episode 70: The Risk Within Reverse Mortgage

Reverse mortgage allows for extra funds in retirement. This could be as a means to have for living or use for emergency or to supplement a loss with an economic downturn in retirement savings. Support the show

Aug 13, 2021•33 min•Season 2Ep. 70

Episode 69- Mental Health: Retirement Blues

Retirement is a new chapter of life. Going from an era of structure, be it from work or raising a family, to an era of almost zero structure is a gigantic life adjustment. It is important to tend to your retirement portfolio and your mental portfolio just the same. Interesting Fact: 1 in 5 retirees experience poor mental health; 2 of 5 in care homes experience depression/poor mental health Support the show

Aug 06, 2021•27 min

Episode 68: Overlooked - Why Inflation Plays Huge Role in Retirement

Inflation is thought of in retirement planning, but most retirees do not consider how it will continue to increase even throughout their retirement. They say there is no rest for the wicked! For example, based on life expectancy, someone retiring between 65-70 should plan to life on average another 20 years. Assuming a rate of 3%, daily costs of living could potentially double within 20-24 years. Support the show

Jul 30, 2021•27 min•Season 2Ep. 68

Episode 66: Top 5 Fears in Retirement and How to be Prepared

In this episode of the podcast we are digging deep. We are going to talk about the fears in retirement and how to be prepared. There can be a lot of fear when discussing retirement and we are breaking this down on a very a personal level. If you are not prepared it can cause problems, so it is all about putting a plan together and avoid the pitfalls that came in retirement. It is about having an enjoyable retirement. Support the show...

Jul 16, 2021•28 min•Season 2Ep. 66

Episode 63: Qualified Longevity Annuity Contracts (QLAC)

Qualified Longevity Annuity Contracts - (QLAC) is a type of deferred annuity funded with an investment from a qualified retirement plan or an individual retirement account. Support the show

Jun 25, 2021•26 min•Season 2Ep. 63

Episode 58: Retirement Q & A

The best of the best with Dave Hall. Dave answers retirement questions. Support the show

May 21, 2021•21 min•Season 2Ep. 58

Episode 56: Retirement Statistics Part 2

Dave Hall and Podcast Producer CR Thelin talk about "Retirement Statistics" and how to fix the issues we are constantly facing. Support the show

May 07, 2021•29 min•Season 2Ep. 56

Episode 55: Retirement Statistics Part 1

Dave Hall and Podcast Producer CR Thelin talk about "Retirement Statistics" and how to fix the issues we are constantly facing. " More than 22% of Americans had less than $5,000 saved for retirement and 15% had no retirement savings." Support the show

Apr 30, 2021•35 min•Season 2Ep. 55

Episode 54: Back Door Roth Conversions and Mega Back Door Roths

Back Door Roth Conversions and Mega Back Door Roths Roth IRAs are becoming more popular , but some people do not qualify to contribute in to these accounts....But there is a work around and that is what I am going to talk about today. 1- Back Door Roth IRA - What you have to do to make this happen. 2- Mega Back Door Roth Conversion - Yes, there is another opportunity to get even more money into a Roth account. Support the show...

Apr 23, 2021•27 min•Season 2Ep. 54

Episode 53: Maximize the Benefit of Your 401(k)

When we look at our 401k plans, there's a lot of things we understand. Most of us understand the limits that go into those. But what we don't understand is how a lot of the inner workings of a 401(k). Today I'm going to cover various aspects of these 401 K's to help you better understand some of the things that you could do to maximize your benefit from these plans. First one I want to talk about here is the employee Your contribution, most companies are going to have some type of contribution t...

Apr 16, 2021•27 min•Season 2Ep. 53

Episode 52: Four Ways That May Allow You to Take an Early Retirement

Want to retire early? 4 things to look into Number one - If you already have 35 high years of earnings that you can use for yourself security benefits. Many people wait to retire because they want to be able to maximize their Social Security benefit... Number two - If you are in a situation where you need to do large Roth conversions, because you've got too much money in your tax deferred bucket, and you would like to get those done before it increases your Medicare premiums... Number three - If...

Apr 09, 2021•26 min•Season 2Ep. 52

Episode 51: 3 Current Economic Risks You Don't Want to Sleep On

There's three main areas that I have concerns with when I talk to people on a daily basis. I see that many of them are not concerned at all but if it were to happen it would have a major impact on future retirement. I want to talk about each of those and what we can do to help prepare ourselves if these events were to happen. The first one is the stock market The second one is current spending by the government The third one is tax rates Support the show...

Apr 02, 2021•23 min•Season 2Ep. 51

Episode 49: Retirement Planning for Those You Leave Behind

Dave spends this episode talking from the heart after the loss of his brother. He talks about retirement, planning and things we need to do to help make sure the loved ones we leave behind are taken care of. Support the show

Mar 19, 2021•33 min•Season 2Ep. 49

Episode 48: Two Truths and a Lie: Social Security

Dave hall breaks down a Social Security article, "Three great reasons to take Social Security benefits at age 62". Find out which two are true and what item is a lie. You know that the right time for most people to take their social security benefits is at age 70. Not for everyone, but for most people. Although most people do end up taking their benefits at age 62. It's not the right decision for them. So let's break this down. Support the show...

Mar 12, 2021•29 min•Season 2Ep. 48
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