Dolphin Financial Radio
306 episodes - English - Latest episode: 2 days ago - ★★★★★ - 5 ratingsHave fun planning your retirement! This is a fun and conversational show with a focus on retirement planning issues. Dan Wendol and his co-host Tony keep a down-to-earth tone as they address topics like retirement income, healthcare costs, investing, pensions, retirement lifestyles, insurance, Social Security and many other financial topics. Dan Wendol shares his tips and experience as a fiduciary retirement planner and owner of a Registered Investment Advisor. His personal belief is that a successful retirement is about increasing income and decreasing stress. Sometimes special guests will join in to discuss the big-picture aspects of preparing for, and living in, retirement. For more about Dan Wendol and his work, to see videos, or learn more about this show, visit www.dolphinfinancialgroup.com.
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Episodes
Long Term Care Prices Going UP
April 26, 2024 05:00 - 39.1 MBWhat happens if your existing long term care policy price does up? Do you pay the price increase, or adjust the benefits to keep the policy affordable? In this show we review a real-life example of a client who is facing a potential 189% price increase for his existing LTC policy.
Avoiding Stress in Retirement
April 19, 2024 05:00 - 34.6 MBA successful retirement is about increasing income and reducing stress. In this show we review the top stresses faced in retirement and how to decrease or eliminate them.
Top Risk: Needy Family
April 12, 2024 05:00 - 36.5 MBIn Part Three of this three part series, we explore how a needy family member can be one of the top threats to a successful retirement plan. This third "punch to the mouth" is often difficult to deal with because it's family! What do you do if you have an aging parent or adult child that needs financial assistance?
Health Crisis: A Top Retirement Risk
April 05, 2024 05:00 - 32.8 MBIn Part Two of this three part series, we explore how a health crisis is one of the top threats to a successful retirement plan. This second "punch to the mouth" is often difficult to deal with because not many people truly want to address or talk about it. In each part of this series, we will identify the retirement planning threat, provide examples, and offer solutions.
Retirement Risk - Market Corrections
March 29, 2024 05:00 - 25.2 MBIn Part One of this three part series, we explore how market crashes are one of the top threats to a successful retirement plan. This first "punch to the mouth" is perhaps the most widely known and easiest to prevent. In each part of this series, we will identify the retirement planning threat, provide examples, and offer solutions. Tune in to learn how to dodge the punches that come your way in retirement.
Tax Strategies for Widow(er)s
March 22, 2024 05:00 - 35.2 MBLosing a spouse can be difficult emotionally, but also financially. On top of the financial turmoil comes TAXES. In this show we discuss the specific tax problems that widow(er)s face when they lose a loved one. If you want to prepare for a potential tax situation or have recently lost a spouse, watch this show.
Social Security Widow(er)s Limit
March 15, 2024 05:00 - 28.8 MBIf your spouse filed for Social Security before their full retirement age, your benefit may be impacted. This is known as the he Social Security "Widow(er)'s Limit." (Retirement Insurance Benefit Limit or RIB-LIM). In this show we talk about how survivors are impacted when their spouse (or ex-spouse) claimed benefits early.
The #1 Financial Risk
March 08, 2024 06:00 - 34.6 MBRetirees are being targeted every day by scammers trying to steal their hard earned retirement money. The rise in online scams and financial theft is staggering as more and more people fall victim to these highly convincing tactics. In this show we talk about the types of scams and the red flags to watch out for.
Must know answers to Social Security
March 01, 2024 06:00 - 39.5 MB78% of nearly retired people failed a basic quiz on Social Security. In this show we review each of the 13 questions and explain the answers. Make sure you know these answers - don't be one of the many people who don't understand basic Social Security rules and details!
Working at Age 80?
February 23, 2024 06:00 - 23.9 MBIf you have millions in the bank, should you continue to work at age 80? In this show we talk about Eric Idle of Monty Python fame and how he is still working at age 80 to meet his financial obligations.
Write it Down BEFORE You Die
February 16, 2024 06:00 - 28.6 MBWhen you lose a loved one, there are often many loose ends to deal with. Many often wish their loved one left certain pieces of information to make life a bit easier. Having a Will and final wishes is useful, but what about the less obvious things like account numbers, passwords, or where the gold was buried? In this show we talk about the things that are useful to write down before you die.
Forced Retirement at 65
February 09, 2024 06:00 - 26.5 MBBelieve it or not, some people are forced to retire. Not everyone wants to retire, and many more are working into their 70s. Yet, in some cases the U.S. law forces you to call it quits. In this show we discuss where is this still applicable and whether or not people should be forced to retire.
New Tool to Stop Tax ID Theft
February 02, 2024 06:00 - 22.2 MBThe IRS has released a new method to ward off tax ID theft. There has been a growing problem of criminals filing tax refunds of unsuspecting citizens and pocketing the money. In the past, the IRS instituted a system to prevent repeat offenses. However, now the IRS is offering that same level of defense to all.
Financial Lessons from a Country Music Icon
January 26, 2024 06:00 - 21.7 MBDan & Tony head to Nashville, TN to talk country music and financial lessons. In this show we discuss quotes from music icon Dolly Parton. Will you have to keep working 9 to 5 forever?
States Tax Social Security Income
January 19, 2024 06:00 - 41.3 MBSome States still tax Social Security and other retirement income. What happens if you retire in a State that doesn't tax retirement income or pensions? Does it make sense to move in retirement for a more favorable tax situation? What can we learn about taxes from the Shohei Ohtani blockbuster baseball contract with the LA Dodgers?
Blue Zones - Retirement Living to 100
January 12, 2024 06:00 - 50.3 MBWhere do the most centenarians live and what are they doing that lets them live so long? In this show we discuss the concept of Blue Zones, which reveals the areas of the globe where people are living long and health lives. What doe these people have in common and how should you change your financial plans to be more like them?
How Long Will $1M Last?
January 05, 2024 06:00 - 24.6 MBIn which state will one million dollars last the longest for a 65 year old? According to recent analysis from GoBankingRates, it could be gone in 10 years or 22 years, depending on where you live! Listen in as we reveal where money will last the longest and also explain why this type of analysis really misses the boat when it comes to retirement planning.
Investing During Decreasing Interest Rates
December 29, 2023 06:00 - 29.6 MBInvesting can be tricky in general. How does a decreasing interest rate environment impact investing? Where should you be putting your money when interest rates are falling?
Christmas Financial Lessons
December 22, 2023 06:00 - 30.7 MBClassic Christmas holiday movies are fun to watch and offer powerful life lessons. Are any of these lessons financial or retirement focused? In this show we explore the financial lessons learned from Christmas Vacation, A Christmas Story, It's a Wonderful Life, and The Grinch Who Stole Christmas.
Income Riders
December 15, 2023 06:00 - 33.6 MBWhat is a lifetime income rider? (also known as an LIBR, GMIB, GLWB, GMWB) These added features on variable and indexed annuities can be confusing and often misunderstood. In this show we discuss these riders and why you may want to avoid them.
RMDs: Required Minimum Distributions
December 08, 2023 06:00 - 35.8 MBRequired Minimum Distributions (RMDs). What are they, and what are the new rules surrounding these IRS restrictions on retirement savings? In this show we go through an extensive FAQ on the rules and changes to this unpopular part of the tax code.
Retiring in 5 Years or Less
December 01, 2023 06:00 - 26.9 MBPlanning on retiring soon? In this show we discuss the key decisions and actions someone must take if they are planning to retire within the next five years. If you want to retire successfully, you should start planning now by listening to this show.
Social Security & Government Pensions
November 24, 2023 06:00 - 26.6 MBIf you have a government pension, you may not get 100% of your Social Security check. In this show we discuss how the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) provisions reduce the benefits of certain government employees.
Max 2024 Social Security
November 17, 2023 06:00 - 23.5 MBThe highest monthly Social Security check in 2024 will be $4,873. How does one qualify to get that much? In this show we'll explain how and also discuss some other important changes to the numbers around Social Security that take effect in 2024.
Common Mistake Retirees Make
November 10, 2023 06:00 - 36.4 MBThere are many financial decisions and actions retirees must take. One in particular can go a long way in keeping harmony in the family- making sure assets pass to the next generation without drama. In this show we discuss this often overlooked, yet simple action you can take to avoid future problems.
I sold my Mom an Annuity
November 03, 2023 05:00 - 39.8 MBAnnuities have a bad reputation and are often portrayed in a negative light. In this show, a financial planner talks about how he sold an annuity to his Mom and why he feels that certain annuities might be appropriate for some people. What type of annuity did he sell to his Mom and does he regret it?
Best City For Retirement
October 27, 2023 05:00 - 30 MBWhich city is best suited for retirement? In this show we review a recent ranking of the top 182 cities in the US and discuss the results. Spoiler alert! Tampa is at the top. What criteria is important to consider when moving for retirement?
Why is Spending in Retirement Difficult?
October 20, 2023 05:00 - 31.5 MBMany struggle to switch from saving to spending when they retire. It may seem easy, but it is often a mental challenge. We discuss the five mental barriers to successfully switching from accumulation to decumulation. Do you think you will spend without any problem? Think again.
Refinance Your Income
October 13, 2023 05:00 - 38.6 MBWhen interest rates drop, many know to refinance their debts. Yet, when interest rates increase, many don't know that it is time to refinance their income. Shouldn't your income go up when interest rates rise? In this show we discuss this important topic for retirees.
Don't Fear Running Out of Money
October 06, 2023 05:00 - 41.5 MBThe fear of running out of money is one of the biggest fears retirees face. Yet, it should NOT be. In this show we talk about why this fear of running out is overblown.
Aging Parents & Retirement
September 29, 2023 05:00 - 44 MBCaring for an aging parent can be costly, time consuming, and emotionally taxing. In this show, Dan & Tony share their personal experiences with caring for their aging parents along with tips and lessons learned.
Social Security Spousal Benefits
September 22, 2023 05:00 - 25.7 MBHow do I claim Social Security against my spouse? Can I claim against an ex-spouse's Social Security? How much will I get? What are the rules about spousal benefits? In this show we answer all the questions you may have about claiming Social Security against a spouse.
Social Security & Divorce
September 15, 2023 05:00 - 30.9 MBCan I get my ex-spouse's Social Security? How much will I get? How long do I have to be married? What if I remarry? Will my ex-spouse know I am claiming against them? What if my ex-spouse is dead? In this show we answer all the questions you may have about claiming Social Security based on an ex-spouse.
Top 1% Earners and Retirement
September 08, 2023 05:00 - 24.7 MBWhat does it take to be considered at the top 1% of earners in your state? Does earning top money for your efforts ultimately lead to an earlier, less stressful, or "better" retirement?
Claim Social Security Early & Invest
September 01, 2023 05:00 - 30 MBShould you take Social Security early because interest rates are relatively high? Why bother delaying Social Security when you can take the money now and get a better return? In this show, we explore the idea that delaying Social Security may NOT make sense when interest rates are going up.
You Need $1.27 Million to Retire
August 25, 2023 05:00 - 28.9 MBAccording to a 2023 survey, Americans believe they will need $1.27 million to retire comfortably. In this show we discuss whether or not this is a realistic number. We also discuss how one should begin to determine how much they will need for retirement. Learn how you may be approaching this age-old question from the wrong direction.
Retirement Income Plans
August 18, 2023 05:00 - 34.3 MBIncome is critical to retirement planning. A recent survey suggests that retirees don't know how to create retirement income plans. Taking Social Security as soon as possible isn't necessarily the best way to build an income plan. In this show we discuss the recent survey results around income during retirement.
Health Scare Leads to Better Financial Situation
August 11, 2023 05:00 - 29 MBMajor health events are usually associated with negative financial outcomes. The cost of care, loss of income, and general expenses of health scare usually have a negative impact. However, this inverse relationship may not always be the case. In fact, sometimes a negative health event can actually lead to financial improvements!
Beware Home Buying/Selling in Florida
August 04, 2023 05:00 - 35.1 MBAre you considering selling your home or buying a new one? Maybe you are planning to move to Florida for retirement. Did you know that real estate agents aren't legally obligated to act the same across the country? For instance, in Florida, a real estate agent doesn't have to act as a Fiduciary and can represent both sides of a home transaction. In this show we talk about how this might be a huge problem.
Legal Battle of the Aretha Franklin Estate
July 28, 2023 05:00 - 27.3 MBIf you write a Will with your final wishes before you die, do you avoid probate court? No. What if you have two separate Wills written? You'll have even more drama. Join us as we break down the legal battles surrounding the estate of the late great Aretha Franklin.
Inherited IRA RMDs
July 21, 2023 05:00 - 16.9 MBIf you inherit an IRA, there are special rules regarding when you have to withdraw funds from that account. The "new" 10 year rule starting in 2020 is still a bit wishy-washy. In this show we discuss a recent IRS update about these Required Minimum Distributions (RMDs).
You Should Play Powerball
July 14, 2023 05:00 - 22.9 MBEveryone knows that the big lotteries like Powerball are a losing bet. However, there is a major reason why it might make sense for pre-retirees to buy a ticket. The best part is you don't have to win the lottery to gain from playing the game!
Short Term Rates for Retirement
July 07, 2023 05:00 - 30.1 MBShort term interest rates are higher than they have been in decades. Should retirees or those close to retirement be locking in some of these rates now? Why not capitalize on these high fixed rates using CDs, MYGA, T-bills, Money Markets, etc.?
Unretiring: Going Back After Early Retirement
June 30, 2023 05:00 - 33.8 MBOne of the early leaders of the F.I.R.E (Financial Independence Retire Early) movement, known as the Financial Samurai, recently announced he is going back to work. In this show we analyze his announcement and reasoning behind this dramatic shift in his plans. The lessons learned apply to all people who are retiring at any age.
Top 5 Retirement Questions
June 23, 2023 05:00 - 35 MBTo retire successfully, you'll have to answer many questions and make important financial decisions. In this show we review the TOP 5 questions you should be able to answer if you want to coast into retirement. Don't try to retire without knowing how you would answer these questions.
Health Insurance in Retirement BEFORE Medicare.
June 16, 2023 05:00 - 31.8 MBMany people retire and lose health insurance coverage offered by their employer. They then often join Medicare so there is no gap in coverage. What if you don't qualify for Medicare and leave employer coverage? What if you or your spouse aren't yet 65 and lose group health insurance? In this show, we discuss how to fill this health insurance gap between retirement and age 65.
The Unexpected Retirement Struggle
June 09, 2023 05:00 - 33 MBYou've saved your entire life, working from a young age, and finally retire. You seem to have enough in savings to carry you through retirement, but something isn't right. You've hit a roadblock and simply can't get comfortable financially. In this show we discuss a very common challenge faced by those who saved a lot for retirement.
The #1 Financial Account = HSA
June 02, 2023 05:00 - 38.6 MBThe Health Savings Account (HSA) is the most underrated financial option available for retirement savers. In this show we review what an HSA is and why opening and funding one should be your top priority.
Don't Have Enough To Retire?
May 26, 2023 05:00 - 35.3 MBMany people believe they don't have enough money to retire. If that's true, then what do you do? Do you really have to work until you die? In this show we talk about the options you have if you find yourself short on retirement funds. Be proactive and make retirement a reality - listen to this show if you think you'll have to work until you die!
When to DELAY Social Security
May 19, 2023 05:00 - 29.1 MBSometimes the best financial move is wait to claim Social Security. In this show we go over the scenarios and situations where delaying claiming your Social Security benefit makes financial sense. Should you delay your Social Security?