Retirement Talk Podcast with Laura Stover
188 episodes - English - Latest episode: 4 months ago - ★★★★ - 38 ratingsRetirement talk - Redefining Wealth and Your Money with Laura Stover is a podcast that educates, entertains, and helps prepare our listeners for retirement. It's a show designed for those looking to maximize their financial efficiency and fulfill their lifestyle. It is also geared toward those needing to transition from accumulation to preservation and the necessary shift in how money is managed. Based on Laura’s two decades of experience with financial coaching and consultation to hundreds of individuals across the US, this podcast could make a difference in your retirement income, cutting your taxes, or both!
Laura shares thoughts and ideas from today’s premier experts in the field of retirement, as well as the latest in retirement trends to help you make better financial decisions regarding YOUR retirement.
In each episode, Laura will share financial news and provide insight and resources on topics such as retirement, retirement income planning, reducing unnecessary taxes, protection from market risk, wealth transfer, estate planning strategies, long-term healthcare, social security and much more.
Your host is wealth advisor Laura Stover. Laura is the CEO of LS Wealth Management. She is also the founding partner of LS Tax, a consulting and tax planning firm. Laura is a registered financial consultant and investment advisor. She attended Huntington University, as well as the prestigious Wharton School with a certification in executive leadership, and focus on entrepreneurism. She has been a co-author with Renowned Businessman Steve Forbes as well as a multiple time contributing columnist to many national publications such as the Wall Street journal, CNBC online and USA today. A sought-after speaker and entrepreneur, Laura has close to twenty years of experience as an investment advisor. She has become a well-known financial resource and a go-to advisor for national media outlets and clients across the country.
The focus starts with why you plan to retire in the first place, how you will fulfill your dreams and most efficiently organize your assets. You'll plan how to manage the growth necessary to sustain your lifestyle needs throughout your retirement journey. We want to redefine your wealth and money.
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Episodes
Time Segmentation, a Smart Way to Invest Retirement Money
December 20, 2023 13:00 - 28 minutes - 39.4 MBLaura Stover, RFC® discusses the concept of time segmentation and its application in allocating retirement savings for a stable income during retirement. Time segmentation involves matching investments with the point in time when they will be needed to meet retirement income needs. This strategy provides clarity, comfort, and control over retirement income and helps mitigate the effects of market volatility. We cover the four buckets of money in a time segmented approach and emphasize the ...
This Four-Part Retirement Strategy Can Help Withstand Bad Timing
December 13, 2023 13:00 - 29 minutes - 41.1 MBSimple diversification used to be the go-to plan for a typical portfolio. A balanced plan of stocks, bonds, and cash would simply do the trick. But that type of diversification has been proven less effective in recent years with the abundance of market volatility. Today, Laura Stover, RFC® takes on financial guru Dave Ramsey’s version of a Safe withdrawal rule. As we approach retirement, our priorities begin to shift. While we still want to grow our money and stay ahead of inflation, ...
Navigating Investment Choice Overload: Tips To Become a Better Decision Maker
December 06, 2023 13:00 - 25 minutes - 35.3 MBToday Laura Stover, RFC® explores the concept of choice overload and how it can affect your investment behavior and retirement planning. With so many options and information available to us, it's easy to feel overwhelmed and unsure of the best path to take. But today we will provide you with tips and insights to help you navigate through this sea of choices and make informed decisions that align with your goals and aspirations. Having more choices does not always translate to better decis...
What To Do About These High Interest Rates
November 29, 2023 20:00 - 32 minutes - 44 MBLaura Stover, RFC®, takes on the topic of interest rates today, and how they relate to your financial future. It is important to consider the historical context of interest rates. Over the past few decades, interest rates have been kept artificially low by central banks around the world. This was done in an effort to stimulate economic growth and prevent deflation. However, it was only a matter of time before rates began to rise. If we look back to the 1970s, interest rates were much h...
Could an Israel- Hamas war change what the Fed does about interest rates?
November 22, 2023 13:00 - 26 minutes - 36.4 MBLaura Stover, RFC® looks at the ongoing Israel-Hamas war and how it might affect interest rates and your financial future.. With ongoing uncertainty about the economy, wars in Europe and the Middle East, and protests at home, it's no wonder that Americans are taking a closer look at their financial plans. In particular, we will explore the potential impact of the Israel-Hamas war on the US, the implications for interest rates, and the threat of inflation. So, let's dive in and unpack these i...
'Not QE' Puts Fed Between A 'Rock And A Hard Place'
November 16, 2023 13:00 - 20 minutes - 27.6 MBLaura Stover, RFC® discusses the Federal Reserve's Bank Term Funding Program (BTFP) today, a topic that is often overlooked but has significant implications for our economy.This program, which was introduced in response to the failures of banks earlier this year, has the potential to create new money and impact the value of long-term securities. Let's dive deeper into this issue and explore its implications. To understand the BTFP, we first need to differentiate it from quantitative easing...
The Fed is still pushing to get inflation down. Do people feel it?
November 08, 2023 13:00 - 27 minutes - 37.9 MBLaura Stover, RFC® is discussing the recent decision by the Federal Reserve to leave interest rates unchanged and the potential implications for retirees and investors. We will also explore the ongoing efforts by the Fed to combat inflation and the impact it may have on the economy. The Federal Reserve recently announced that it would be keeping interest rates unchanged at its October meeting. While the market initially responded favorably to this decision, there is still uncertainty about...
Consistency Is the Key to Investing When You're Retired
November 01, 2023 12:00 - 30 minutes - 41.8 MBLaura Stover, RFC is solo today for a special episode as we cover this week’s featured article from Kiplinger “Consistency Is the Key to Investing When You're Retired.” We need to focus on consistent returns rather than average returns or market fluctuations. While volatility may be advantageous during the accumulation phase, it can be detrimental to retirees who rely on their investments for income. We also are covering ongoing news events, such as the Israel-Mideast situation andthe deb...
5 Predictions For An Economic ‘Soft Landing’ That Were Totally Wrong
October 25, 2023 12:00 - 36 minutes - 49.6 MBLaura Stover, RFC® is joined by guest co-host Darlene Tucker, CFP® today. This week’s weekend brief comes from Forbes: “5 Predictions For An Economic ‘Soft Landing’ That Were Totally Wrong.” With a lot of uncertainty in the world, and now 2 wars going on, investors are asking what that means for their futures. Are we in for a soft landing? Before we answer that, Darlene and I look at some history - 5 times that media called for a soft landing, but got it totally wrong. This happened i...
What is a Major Advantage of Separately Managed Accounts?
October 18, 2023 12:00 - 31 minutes - 42.7 MBIn this week’s Retirement Talk podcast, with Laura Stover, RFC®, and Michael Wallin, CFP®, we delve into the major advantages of separately managed accounts (SMAs), a topic that doesn't often make its way into the podcasting world. SMAs can be a game-changer for those nearing retirement or already in retirement. SMAs offer direct ownership of investments, reduced transaction costs, and the potential for tax harvesting. These benefits set them apart from traditional mutual funds or ETFs, w...
Investment Tradeoffs: Why You Should Know Your Return on Hassle Spectrum
October 11, 2023 12:00 - 32 minutes - 44.9 MBLaura Stover, RFC®, and Michael Wallin, CFP®, discuss this week’s featured article from the weekend brief: "Investment Trade Offs: Why You Should Know Your Return on the Hassle Spectrum." It's a critical consideration for investors, especially in today's financial landscape. We discuss the fascinating story about a couple who decided to invest in real estate back in 2018. They were making around $2,500 a month from their investment property. While that might not sound bad, it came with a ...
The Most Important Financial Goal in Retirement Isn't What You Think
October 04, 2023 12:00 - 27 minutes - 37.8 MBToday, Laura Stover, RFC® and Michael Wallin, CFP® discuss the importance of planning for retirement income and the role of annuities in retirement planning. They start by emphasizing the significance of having a solid plan in place, especially in the face of economic uncertainties like the pandemic, supply chain disruptions, inflation, and market corrections. Over one-third of Americans over the age of 50 regret not having a lifetime income source, as revealed by a recent survey. We high...
What Clients (Actually) Value Most in a Financial Advisor
September 27, 2023 12:00 - 28 minutes - 39.7 MBIn this episode of Retirement Talk: The Redefining Wealth Show, Laura Stover, RFC® and Michael Wallin, CFP® delve into what clients value most in a financial advisor. They emphasize the importance of effective communication between clients and advisors and the need for a well-defined process that aligns discussions with clients' long-term goals. They also discuss the significance of a seasoned financial advisor with a broad spectrum of knowledge and a team approach to address various financi...
What Is An Annuity and When Is It A Smart Investment?
September 20, 2023 12:00 - 29 minutes - 40.7 MBToday, Laura Stover, RFC® and Michael Wallin, CFP® discuss the importance of planning for retirement income and the role of annuities in retirement planning. They start by emphasizing the significance of having a solid plan in place, especially in the face of economic uncertainties like the pandemic, supply chain disruptions, inflation, and market corrections. They mention that over one-third of Americans over the age of 50 regret not having a lifetime income source, as revealed by a recent ...
‘The Baby Boomer Dilemma’ Documentary Exposes America’s Failed Retirement Experiment
September 13, 2023 12:00 - 31 minutes - 42.6 MBLaura Stover, RFC® and Michael Wallin, CFP® discuss the Baby Boomer Dilemma documentary and its implications for pre-retirees and retirees. The film talks about many topics we routinely cover on the show- the growing national debt crisis, the potential for higher tax rates in the future, and the need for proactive tax planning. The national debt has exceeded $32 trillion and is expected to rise further, potentially leading to higher tax rates in the future. Effective tax rates for Americans ...
Why 1966 Was The Worst Year to Retire (And Why That Matters in 2023)
September 06, 2023 12:00 - 27 minutes - 37.4 MBLaura Stover, RFC® and Michael Wallin, CFP® discuss why 1966 was the worst year to retire and why it matters in 2023. They explore the market downturn in 1966 and its impact on retirees, as well as the similarities and differences between that time period and the current economic climate. The market downturn in 1966 was a harbinger for difficult times ahead, with inflation and recessions following in the years to come. The current economic climate has similarities to 1966, with factors suc...
Are You Making These 5 Common Retirement Mistakes?
August 30, 2023 12:00 - 30 minutes - 42.2 MBInvestors often underestimate the risk in their portfolio. Today, Laura Stover and Michael Wallin break down 5 common portfolio mistakes, as outlined by Christine Benz in Morningstar. They are portfolio sprawl, when your assets often overlap and have too high a correlation A redundant individual stock portfolio can be risky as well. For example, if you are overly weighted in tech stocks, what happens if there is a chip shortage? Other risks include also-ran mutual funds, asset allocation...
Retirement Risks
August 23, 2023 12:00 - 28 minutes - 39.7 MBRetirement planning involves mitigating risk and understanding the various risks that retirees face. Laura Stover and Michael Wallin break down these risks today, including reduced earnings capacity, visible spending constraint, heightened investment risk, unknown longevity, spending shocks, compounding inflation, and declining cognitive abilities. It is important to have a comprehensive retirement plan that addresses these risks and provides a reliable income stream. Retirees must also be a...
Do You Have a Cookie Cutter Portfolio?
August 16, 2023 12:00 - 30 minutes - 42.6 MBIn this episode, Laura Stover, RFC® and Michael Wallin, CFP®, discuss the concept of a cookie-cutter retirement portfolio and its implications for retirees. They start by addressing the recent news of the US being downgraded due to its high debt levels. They explain how the ability to pay off debt and the impact of rising interest rates can affect the economy and investors. The hosts then delve into the topic of cookie-cutter portfolios, which refers to a one-size-fits-all approach to inves...
What is a Registered Investment Advisor?
August 09, 2023 10:00 - 36 minutes - 50.4 MBOnce you make the decision to take the next step toward ensuring a solid financial future, the next is who you should work with. There are all types of financial professionals that provide a variety of services, and one that we get asked about is the registered investment advisor or RIA. Are they an individual financial advisor or is it a company? In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will provide some clarification as to the role an RIA plays in financial planning a...
Understanding Stock Market Concentration
August 02, 2023 10:00 - 32 minutes - 44.7 MBBig tech has seen strong gains in 2023 and has outpaced most other sectors. In doing so, the S&P 500 has also performed well, but when you take away a handful of tech companies like Apple, Microsoft, Amazon, Meta and others, the S&P 500 is only up 2%. This is a great reminder of why overconcentration can hurt a portfolio. Being overweight in this tech position feels great when the market is doing really well because returns will be strong, but once we get a little turmoil and volatility, p...
How to Properly Evaluate Investment Fees
July 26, 2023 10:00 - 33 minutes - 45.7 MBEvery investor, whether you do it yourself or have professional help, needs to understand the fees they are paying because this is one of the most important factors attributing to investment performance overall. Fees can really eat into returns but they might also return better value than you would have achieved without the help. So let’s unpack this idea a bit more with Laura Stover, RFC® and Michael Wallin, CFP® by taking a look at the most common fee structures you might pay a financial...
How to Stress Test Your Financial Plan
July 19, 2023 10:00 - 31 minutes - 43.7 MBNo one can predict the future of finance, so how do you make sure your portfolio is able to withstand the inevitable swings in the market? The answer is through stress testing, which has proven to be a valuable tool in financial planning. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will walk you through how a portfolio is stress tested and explain what it’s trying to accomplish. The goal is to find out whether you have the most efficient portfolio possible that can give yo...
Beware of the Pitfalls of SECURE Act 2.0
July 12, 2023 10:00 - 30 minutes - 42 MBWe’re more than halfway through 2023 and we’ve already seen the impact SECURE Act 2.0 has on retirement planning. These first six months have given the financial industry time to identify some of the potential pitfalls that the legislation creates for retirees. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will walk you through these key planning items that SECURE Act 2.0 made adjustments to help you identify areas where you might need to make changes of your own. The reason...
8 Reasons Advisors are Worth Their Fees
July 05, 2023 10:00 - 39 minutes - 53.8 MBFiscally conscious investors want to get the most for their money, and when it comes to working with an advisor, it’s important to understand the fee structure and what value they’ll provide. Now that anyone can research and access information at the click of a mouse, this question is extremely important to ask. With more than 50 years of experience combined, Laura Stover, RFC® and Michael Wallin, CFP® understand the industry and what it takes to provide financial guidance for people wor...
Diversification, Explained in Ice Cream
June 28, 2023 10:00 - 27 minutes - 37.6 MBDiversification is a risk management strategy that mixes a wide variety of investments within a portfolio. We’d venture to guess that everyone who is listening to this podcast is very familiar with this concept, but it often gets confused with asset allocation. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will unpack diversification on this show and do so using the analogy of ice cream. We all crave this balance within our investments but you don’t want to over-indulge and ...
Economist Says Stock Market Will Witness Largest Crash Since 1929
June 21, 2023 10:06 - 36 minutes - 49.8 MBWe know there’s always another market crash in the future, but should we be worried that it’s happening soon? An economist named Henrik Zeberg thinks so. He expects a massive blow-off top for equities in near future, and his belief is that the stock market could be headed to one of its biggest crashes in the coming months because the strength of the dollar is on its way down. In this episode, Laura Stover, RFC® and Steve Rumsey, CIO of Optimus Advisory Group, will weigh in on this opinion ...
Stock Market Cycles
June 14, 2023 10:00 - 36 minutes - 50.3 MBYou’ll never be able to predict the movement of the market but understanding the cycles will make you a better investor. The market goes through different phases and building out a purposeful portfolio will help you stick to your plan through the ups and downs. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will breakdown a recent article about stock market cycles and how to approach your investments depending on what stage you’re in. When you step into retirement, you should...
How Life Insurers Can Provide Differentiated Retirement Benefits
June 07, 2023 10:00 - 30 minutes - 42 MBMany times we find that retirees only look at that investment pillar with the traditional assets in mind. They focus only on investments and ignore critical areas that also need attention. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will break down an article on an area of diversification that could qualify for income planning, along with tax planning and estate planning. People can be closed minded to new ideas or non-traditional investments but we want to make sure t...
A Path to $10 Million
May 31, 2023 10:00 - 38 minutes - 53.5 MBWe all have our own savings goals and dreams of retirement, but difficult markets and high inflation can be quite discouraging. Sometimes it feels like you’ll never achieve what you’ve hoped for. So what’s the secret to building wealth and reaching those goals? In this episode, Laura Stover, RFC® is joined by Darlene Tucker, CFP® and Kyle Davis who will break down an article about a path to $10 million and what it takes to reach a milestone like that. For many people, that might seem compl...
A Framework for Assessing Variable Spending Strategies
May 24, 2023 10:00 - 35 minutes - 49.1 MBBeing flexible with spending absolutely matters in financial planning and it often gets overlooked when people step into retirement. Most people look at their budget and the assets that they’ve accumulated and that’s where they stop. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will examine an article by Dr. Wade Pfau that discusses variable spending strategies. Whether it’s inflation-adjusted fixed percentage rule, floor and ceiling rule, the ratchet effect, or others, we’...
Why Do We Keep Making the Same Investment Mistakes?
May 17, 2023 10:00 - 37 minutes - 51.9 MBOur relationship with money is much like the other emotional relationships we have in other parts of our lives. We tell ourselves we’re done making the same types of mistakes but end up repeating those same behaviors the next time the situation arises. The same thing happens in terms of how we invest our dollars and how we act when the market isn’t going up. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will dive into a recent article that discusses the behavioral side of in...
How Long is Long Term?
May 10, 2023 10:00 - 36 minutes - 50.2 MBWe work with people that have investing questions all the time but there are two that investors often boil it down to. They want to know how long they need to be invested to be sure they don’t lose money and how long they need to stay invested to make sure they do better than an alternative investment. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will explain how a successful investment plan has to get measured over the long term to truly evaluate how well it has done. As t...
Profiting from Losses
May 03, 2023 10:00 - 31 minutes - 43.9 MBThe market has shown some signs that it might be turning around, but we’ve seen quite a bit of up-and-down over the past few years. These fluctuations have created some nice gains at times for investors, but a lack of tax planning can keep you from maximizing your financial gains. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will delve into the power of tax harvesting and the role it plays in creating a comprehensive tax plan. Throughout the show, they will explain how ex-d...
If Not a 60-40 Portfolio, Then What?
April 26, 2023 10:00 - 35 minutes - 48.2 MBA year like 2022 doesn’t come around too often but those significant market corrections we saw in both equities and bonds made many people begin to wonder about the effectiveness of the traditional 60/40 investment mix. Some people are even saying that there is no longer a use for this portfolio structure. To truly evaluate whether that’s accurate, you have to first understand how to build a proper investment strategy. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® weigh in o...
When It Comes to Risk, It’s Dangerous to Trust Your Instincts
April 19, 2023 10:00 - 31 minutes - 42.7 MBThe famous boxer Mike Tyson once said, “Everyone has a plan until they get punched in the mouth.” He meant it about his opponents, but we can apply that same idea to financial planning in the middle of a volatile market. How will you react when things first get difficult? Should you trust your instincts or stick to a well-defined process that you already put in place? In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will delve into the critical distinctions between risk toleran...
Don’t Let Sequence of Returns Risk Cook Your Goose
April 12, 2023 11:00 - 34 minutes - 46.8 MBReaching retirement doesn’t mean you can put your plan in cruise control because plenty of risks remain. One that all recent retirees are dealing with is the sequence of returns risk. This is an overlooked risk when someone is stepping into retirement that doesn’t get nearly enough attention, in our opinion. The five years before and the first five years in retirement are the most critical because of the risk that comes from the order (or sequence) from which your investment returns occur....
3 Ways to Know if Your Advisor Gets It
April 05, 2023 10:00 - 28 minutes - 39.8 MBFor many people, the goal in life is to have enough wealth that you can pass it on to people or organizations you care most about, and your advisor should be a key partner in helping you with that estate planning. However, not every financial professional is equipped to help you secure your legacy and give you that peace of mind. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will discuss the importance of estate planning and how to ensure your financial advisor is qualified ...
The Four Unique Risks in Decumulation
March 29, 2023 10:00 - 30 minutes - 41.8 MBWe spend most of our life saving and investing to accumulate as much wealth as possible before retirement, but there’s not nearly as much thought and research given to how you take that money out once you’re in retirement. Decumulation, in our mind, is one of the most important planning challenges because the fundamental nature of decumulation is much different from accumulating assets. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will identify the four unique risks that de...
It Is The Perfect Time for Pre-Retirees to Consider FIAs
March 22, 2023 10:00 - 29 minutes - 39.9 MBWhen things are down, everyone’s risk profile gets much more conservative. Emotions shift as the market does, and we spend a lot of time consulting clients to help them keep balance. One of the products that we discuss more in this type of environment is the fixed index annuity, which people often love or hate. FIAs are designed as competition to banking products, and they’re built to help make sure individuals are not in a position of losing value based upon market conditions. Right now, ...
The Best Retirement Plans of 2023
March 15, 2023 10:00 - 28 minutes - 38.5 MBAmericans have been falling behind on retirement planning for some time now, and the past two years have only increased the difficulty to save money and grow a nest egg. This recent trend emphasizes the importance of proper planning, and we want to share some of the best retirement strategies to consider in 2023. Much of what Laura Stover, RFC® and Michael Wallin, CFP® will discuss in this episode involves tax planning along with income and investment planning. Some of the planning items w...
Are Bonds a Good Investment During a Recession?
March 08, 2023 11:00 - 34 minutes - 48 MBIf you go back to October of 2022, you’ll find the worst 12-month period ever for bonds. With the pressure on the economy, bonds struggled right alongside many other investments. The last year showed us many investors move to bonds during periods of volatility, and many of those same people couldn’t understand why bonds deteriorated and values declined. Just three years earlier in 2019, the bond market was king and returns were substantial. So these investments are typically thought of as ...
Planning Your First Required Minimum Distribution
March 01, 2023 11:00 - 29 minutes - 40.6 MBFor the vast majority of retirees, there will come a time when the IRS comes calling and you’re required to start taking money out of qualified retirement accounts. These required minimum distributions (RMDs) are a great planning opportunity and a chance to have some control over taxation, but you need to be prepared ahead of time. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will get back to the basics and provide a great overview on how to plan for your first RMD. With SE...
What is Taxable Income and How Does it Work?
February 22, 2023 11:00 - 31 minutes - 43.3 MBIt’s that time of the year where taxes become top of mind as people look through income over the past year to get their filing in order, but taxes need to be at the forefront of your financial planning throughout the year. The problem is tax planning isn’t simple. It takes years of experience and education to have a thorough grasp on what you owe, especially as your income sources expand. We want to spend some time discussing taxable income on this episode to help you get a better underst...
What’s a Safe Withdrawal Rate Today?
February 15, 2023 11:00 - 30 minutes - 41.4 MBA declining market will make any retiree uncomfortable, and it could put your future in jeopardy if you haven’t thought through your withdrawal strategy. Many retirees struggle to shift their mindset from accumulation to distribution so let’s talk about how to determine how much you should be taking out of your accounts each year in retirement. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will tell you what the data says and explain the considerations you need to make when ...
Advisors Should Rethink the ‘M’ in RMD
February 08, 2023 11:00 - 29 minutes - 40.9 MBThe recent passing of SECURE Act 2.0 brought about a long list of planning opportunities, but the change in age for required minimum distributions will give advisors a chance to think outside the box on RMD strategies. Now that the age has increased to 73, retirees and pre-retirees have even more time to evaluate options to start reducing retirement accounts in the most tax efficient way possible. Here’s what you should be asking: what strategies can I put in place that allows my money to ...
SECURE Act 2.0 – How It Will Affect Retirees
February 01, 2023 11:00 - 32 minutes - 45.1 MBThe start of 2023 brought us another round of retirement changes with SECURE Act 2.0 officially taking effect and there are a number of important provisions that retirees need to be aware of. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will take you through the changes they’ve identified as being most impactful for retirees and make sure you have a good understanding of what this means moving forward. SECURE Act 2.0 creates additional planning opportunities that you migh...
What’s the Difference Between Average and Actual Rate of Return
January 25, 2023 11:00 - 28 minutes - 39.8 MBInvestors use rate of return to make decisions and evaluate performance all the time, but they often get misled by the average return. With the market showing some positive signs to start the new year, this is a timely topic to discuss on the podcast and we’ll do that by exploring a Kiplinger article about rate of return that we featured in our Weekend Brief. Laura Stover, RFC® and Michael Wallin, CFP® will sort out the differences between the average and actual rate of return to make su...
A Bear Market Checklist
January 18, 2023 11:00 - 33 minutes - 30.4 MBDespite seeing a few positive days to begin the new year, investors are still in the midst of the longest bear market in nearly 15 years and plenty of economic doubt and uncertainty remains in 2023. This sustained bear market has made investors weary and wondering what they need to do to not only survive, but thrive in these difficult conditions. Laura Stover, RFC® and Michael Wallin, CFP® will lay out a clearly defined checklist that any investor can follow to position their investmen...
The Hustler – Lessons From a Young Warren Buffett
January 11, 2023 11:00 - 38 minutes - 52.9 MBNo matter how experienced you are with money, there’s always room to grow and learn. It’s a characteristic you’ll find in the most successful people, including one of the greatest investors of all time, Warren Buffett. Today’s show will focus on the life and career of the man born in the years following the Great Depression, who displayed his entrepreneurial drive at an early age and turned that into one of the great American success stories. So what can we learn from Buffett that anyo...