Year: 2023

3 Conversations To Have About Money Over The Holidays

As we gather around festive tables and share the joy of the season with our loved ones, the holidays provide the perfect backdrop for meaningful conversations. In today’s episode we’re going to explore the three important money conversations that you should consider having during the holidays.

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Year End Planning: “In the Red Zone” (Part 2)

We’re back to wrap up this two-part episode on year-end planning for 2023. In this episode, we’ll chat about several topics including the looming expiration of the current tax code in 2026, the increasing national debt, and the potential rise in tax rates. Don will also share how those in need of long-term care can leverage their IRA assets to minimize taxes, talk about the often-overlooked 0% capital gains tax bracket, discuss the importance of proactive tax planning, and more.

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Year End Planning: It’s Not Too Early (Part 1)

Join us for a two-part episode where we unpack our 2023 edition of key year-end planning strategies for those nearing or embracing their retirement years. With the holidays right around the corner, it is the perfect time of year for these conversations. Listen in as we cover a range of topics, from IRA and 401k contribution limits to Roth IRA conversions and charitable giving options.

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Medicare Mistakes To Avoid During Open Enrollment Season

It’s Medicare open enrollment season, so in today’s episode, we’re going to dive into some of its complexities and share the common mistakes you want to avoid during this critical period. Listen in as Don and Marc discuss the differences between traditional Medicare, Medicare Supplements and Medicare Advantage plans, and stress the importance of understanding Medicare drug plans.

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Identity Theft: The Reality, Risks, and How to Stay Safe

In a world where technology is integral to our daily lives, identity theft remains a significant concern. While we may be aware of the risks, it’s easy to let our guard down, often not realizing the gravity until we become victims ourselves. Join Don and Marc as they delve into the world of identity theft, shedding light on the risks and often-overlooked vulnerabilities that put us at risk.

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Get Your House in Order! Why You Need an Estate Plan

As we move towards the end of the year, we’re looking over checklists for items that need some attention, and while it’s not specific year-end planning, now is a great time to address your estate plan.

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Your Health Span vs Your Life Span

We are all familiar with the term life span and the concern inflation and social security changes may impact living a long life. Today, we are going to talk about “health span” and what we need to think about as we live longer, and hopefully healthier, in retirement.

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Social Security Cost Of Living Changes For 2024 – What Does That Mean For You?

In this episode, we’re taking a look at the new Social Security cost of living changes for 2024. Join Don and Marc as they decode the Consumer Price Index (CPI) and its impact on Social Security and retirement planning. They uncover the intricate world of CPI categories, from CPI-U to CPI-W, and how they determine Social Security cost of living adjustments.

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Government Bonds Downgraded – What Does That Mean to Me?

Why is this downgrade happening now and what does it mean to us as we save for and in retirement?
We want to explore that in this episode and get Don’s perspective on what happened after the last downgrade and try to determine what we can do as investors to protect ourselves moving forward.

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100th Episode Spectacular! Looking Back On Our Prior Shows

Welcome to our 100th episode of Your Money & Your Life! Today we’re taking a nostalgic look back at the past five years, from personal milestones to macro-economic events, such as the fluctuating real estate market and interest rates. We even rewind to some previous episodes, examining how our predictions on technology’s role in investment strategies held up, and discussing the unforeseen impact of COVID-19 on our lives and finances.

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Mailbag: Should I Sell The Family Farmland I Inherited? And More

We’re diving into the listener mailbag for today’s episode! We’ve received some excellent listener questions recently, and we’re going to dive into a few of them on today’s show. Stick around, because these strategies could be useful for your life or help you avoid financial mistakes in the future.

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Should I Move to Another State to Save Money on Taxes & Expenses?

Many retirees bounce around the idea of moving states in retirement with the goal of saving money on taxes and expenses. It makes sense on the surface but will it benefit you as much as you hoped?

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Artificial Intelligence: Should We Be Afraid?

Join Don and Marc as they dive into the fascinating world of artificial intelligence. Discover the potential risks, benefits, and the ever-expanding reach of AI across various industries. From AI-generated music and artwork to robo-advisors and facial recognition, AI is revolutionizing the way we interact with technology. In this episode, we’ll explore the origins of AI the blurred lines between reality and AI, and ultimately answer the question: should you be worried?

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The U.S. Debt Ceiling Drama Continues

We’re back to discuss the ongoing battle over the debt ceiling in this episode. We’ll review recent federal budgets and expenses and compare these numbers to recent history. We’ll also dive into the impact of the COVID-19 relief spending, address some concerns about inflation, and share our thoughts about this situation as a whole.

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U.S. Debt Ceiling And Federal Reserve Rate Hikes – Insights For Investors

In today’s episode, we’re going to dive into the pressing issues of the U.S. debt ceiling and Federal Reserve rate hikes. We’ll begin by unraveling the concept of the federal debt ceiling, examining its history, and shedding light on the federal government’s current and prospective spending plans. Ultimately, we’ll discuss what all the recent buzz on this topic might mean for investors and whether there is cause for alarm.

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What Is Reinvestment Risk?

Many of us have heard of typical investment risks, such as market risks, liquidity risks, credit risks, and concentration risks. But what is reinvestment risk? In today’s episode, we’ll explain what reinvestment risk is and how the fear of recent events might be driving this risk.

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The Taxman Cometh – 2023 Edition

  What many people are starting to realize is that taxes in retirement might actually be more than they were when they were working. We’ve been taught our entire lives to defer taxes by contributing to an IRA and 401(k), but that ends up leaving retirees with more to pay down the road. What’s important…

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Bank Failures & Your Investment Planning – What’s Happening Now?

  The biggest news in the financial world this month has been the failure of major banks like Silicon Valley Bank and Signature Bank. There didn’t seem to be any concerns about their stability even a few weeks ago, but things fell apart quickly. So the obvious question is what happened and how will this…

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What is ESG Investing? Don’t Get Fooled

You might have come across headlines in recent weeks that keep talking about ESG investing. It’s an issue that has been all over the financial news lately and is gaining notice with the investing public. This ESG, or Environmental, Social, and corporate Governance, is a hot issue on Wall Street and affects many 401(k) and…

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Is Social Security Going Broke? Myths, Truths & Opportunities

The future of Social Security has been discussed and debated for a number of years now but it seems to be front and center with the current conversations at the federal level. With talk about ending Social Security or making changes to the benefits, we’re getting even more questions about the program and whether it’s…

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