America's Wealth Management Show

There are so many things that can be overlooked when someone takes a DIY approach to retirement planning. One of them is capital gains taxes. What are capital gains taxes and how do they work? We’re going to cover that and explain why it’s one of many reasons to work with a CFP® Professional that works alongside a CPA. Retirement Plan Checklist: https://bit.ly/45xuYVX Tax Rates Sunset in 2026 & Why That Matters: https://bit.ly/3LttELR Tax-Efficient Investing with Stephen Tuckwood: https://youtu.be/APOYR-ocDRk?si=VTs_wpcF3TkOT59v What Is Tax Planning?: https://youtu.be/vQ9yVdch9aw Start Planning: https://bit.ly/3EmY5zi Schedule with us: https://bit.ly/45NDRtW Check out our other podcast! The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow

Retirement can be one of the most exciting times of your life if you plan for it. That “if you plan for it” part is critical. It can be hard for some people to believe that there’s more that they need to do to get ready for retirement than save, save, save. The goal isn’t just to get to retirement; it’s to get through retirement. We’re going to review some key things to think about as you’re getting ready for retirement. Retirement Plan Checklist: https://bit.ly/3Z0IChU Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k Retirement Cash Flow: What You Need to Know: https://youtu.be/dZDamZNA8Sw Early Withdrawal Penalty: Avoiding the 10% Penalty: https://youtu.be/68FSS3ajUN4 Maximize Social Security Benefits: https://youtu.be/r2mb_UpN-lw What Is Tax Planning?: https://youtu.be/vQ9yVdch9aw Setting Up a Spending Plan for Retirement: https://youtu.be/WLCsavk83e8 Family Financial Planning: https://youtu.be/MX0SvvCwnww?si=yWssuL0IUDiad85U Life Insurance in Retirement: https://youtu.be/cFWcUe2VAD

You’ve probably heard of the term recession—especially over the past year or so—and at least have some understanding of what it means. But have you ever heard of the term “richcession?” If you haven’t, you’re far from being alone. It’s a newly coined term. We’re going to explain what is a richcession is, who it could affect, how it differs from a recession, and much more. Retirement Plan Checklist: https://www.modwm.com/retirement-checklist/?utm_source=YouTube-MWM&utm_medium=AWMS&utm_campaign=richcession Get Ready for the Richcession: https://www.wsj.com/articles/get-ready-for-the-richcession-11672615577 The “Magnificent Seven Stocks” Continue to Drive the Market: https://youtu.be/wM3IxRP060o Start Planning: https://www.modwm.com/retirement-planning-tool/radio/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=richcession Schedule: https://www.modwm.com/meet-with-us/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=richcession Check out our other podcast! The Guided Retirement Show: htt

Have you ever heard of the term rightsizing? If not, that’s OK. We’ll explain. According to the American Seniors Housing Association, rightsizing is the process of “asking what’s really important, then aligning the way you live with those values, goals and needs.” We couldn’t agree more with the ASHA, as Modern Wealth’s Guided Retirement System was designed around that same line of thinking. Retirement Plan Checklist: https://www.modwm.com/retirement-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=rightsizing What Is Longevity Risk?: https://youtu.be/OMoWFA7_NiE Rising Costs of Long-Term Care: https://youtu.be/DxNTbK4UG3U Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k Family Financial Planning: https://youtu.be/MX0SvvCwnww Making a BIG Purchase in Retirement: https://youtu.be/0FJcmc7psd4 Start Planning: https://www.modwm.com/retirement-planning-tool/radio/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=rightsizing Schedule: https://www.modwm.com/meet-wit

When most people begin seriously thinking about retirement, their employer provided traditional 401(k) is oftentimes their largest asset. Saving to a traditional 401(k) or IRA is a great way to build a nest egg for retirement. However, as our friend Ed Slott frequently says, there’s a retirement savings tax time bomb that can blow up your retirement if you’re not careful. A big part of that time bomb is Required Minimum Distributions, so we’re going to outline a few strategies for how to reduce your RMDs. Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=reduce-rmds Understanding SECURE 2.0 with Ed Slott: https://youtu.be/HHPMo9l0yeg Pros and Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg Rules for Inherited IRA Distributions: https://youtu.be/VQPX_jo09rY Considering RMDs Before and After Retirement: https://youtu.be/gAbLBswC938 Asset Allocation vs. Tax Allocation: https://youtu.be/mMqwacOhvzg Maximizing Social

Life insurance can be a key component in your financial plan, but it depends on your financial goals, lifestyle, and other circumstances. There are various reasons for why someone should purchase life insurance while they’re working, namely to provide for your loved ones if you pass away. But do you need life insurance in retirement? Well, it depends. We’re going to review a few reasons for why someone might want to carry life insurance into retirement. Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=life-insurance What Is Longevity Risk?: https://youtu.be/OMoWFA7_NiE Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k Pension Plans: Defined Benefit vs Defined Contributions: https://youtu.be/NGtjUe7kHO4 Rising Costs of Long-Term Care: https://youtu.be/DxNTbK4UG3U Pros and Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg When Is It Time to Stop Saving for Retirement?: https://youtu.be/UEkwSGM

If you didn’t know that National Financial Awareness Day was a thing, you aren’t alone. National Financial Awareness Day occurs on August 14, and was established by the U.S. Financial Literacy and Education Commission in 2017. The purpose of this new holiday is to improve the financial literacy of Americans nationwide. However, if August 14 is the only day of the year that you focus on improving your financial literacy, you won’t have very good financial awareness. It’s critical to create a forward-looking financial plan that you review and update overtime as things change. From a personal level, your goals, health, family, and living situation are just a few things that can change as you prepare for and go through retirement. Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=national-financial-awareness Components of a Complete Financial Plan: https://youtu.be/-IPYwV4ok0Q 7 Ways to Build the Best Retirement Plan: https://youtu

Did you know that only 15% of private companies offer pension plans today? That’s compared to 86% of state and local governments that have pension plans. Obviously, there are a lot of people that don’t work for the government and don’t have access to pension plans, though. Nevertheless, we see people with pension plans and help them all the time. If you have questions about pension plans, follow along here as we break down the differences between defined benefit and defined contribution plans. Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=pension-plans What to Do with a 401(k) After Retiring: https://youtu.be/FtOr-DU-nms Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k What Is Longevity Risk and How Do You Plan for It?: https://youtu.be/OMoWFA7_NiE Maximizing Social Security Benefits: https://youtu.be/r2mb_UpN-lw Start Planning: https://www.modwm.com/retirement-planning-tool/radio/?utm_source=AWMS_Po

One of the top concerns that our advisors hear from clients and prospective clients is running out of money in retirement. We all want to live long, healthy lives, but just how big of a concern should longevity risk be with retirement planning? Well, the best way to mitigate longevity risk in retirement is to plan for it. We’re going to explain how to go about doing that to help you have more confidence, freedom, and time in retirement. Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=YAWMS-Pod&utm_medium=AWMS&utm_campaign=longevity-risk Older American’s Month with Dean Barber: https://youtu.be/ndHcgCtyBk0 What Is Wealth? 4 Types of Wealth: https://youtu.be/4U8crRkPJBc Maximizing Social Security Benefits: https://youtu.be/r2mb_UpN-lw How to Mitigate Inflation on Health Care Costs: https://www.modwm.com/how-to-mitigate-inflation-on-healthcare-costs/ What Is Tax Planning?: https://youtu.be/vQ9yVdch9aw Rules for Inherited IRA Distributions: https://youtu.be/VQPX_jo09

Today, we’re going to discuss some specific retirement planning strategies for self-employed people and small business owners. Did you know that according to the Bureau of Labor Statistics, 16.6 million people are self-employed? And according to the U.S. Chamber of Commerce, there are 33.2 million small business in the U.S., which is 99.9% of U.S. businesses. So, there are a lot of people who can benefit from these retirement planning strategies for self-employed individuals and small business owners that we’ll be reviewing. Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=retirement-self-employed 8 Tips on Saving for Retirement: https://youtu.be/ekjLc-wWNLI Maximizing Social Security Benefits: https://youtu.be/r2mb_UpN-lw Pros and Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg Unexpected Expenses and How to Plan for Them: https://youtu.be/HbhdqYyp2uA Understanding SECURE 2.0 with Ed Slott: https://youtu.be/HHP

On July 14, the IRS issued Notice 2023-54, which gave some people good news regarding rules for inherited IRA distributions. The notice provides relief for 2023 missed RMDs for non-eligible designated beneficiaries who must follow the 10-year payout rule. It also extends a 60-day rollover deadline for those who took or who were given unnecessary IRA distributions in 2023 to roll them back into their accounts. Dean Barber and Bud Kasper further discussed these rule changes for inherited IRA distributions on America's Wealth Management Show. Tax Reduction Strateiges: https://www.modwm.com/tax-reduction-strategies/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=inherited-ira-distributionts SECURE Act Content Special Needs Trust Rule Changes from SECURE 2.0: https://www.modwm.com/special-needs-trusts-rule-changes-from-secure-2-0/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=inherited-ira-distributionts Inherited IRA Rules and the SECURE Act: https://www.modwm.com/inherited-ira-rules-and-the-

What do a flooded basement, trip to the emergency room, and helping one of your children who was laid off have in common? Well, obviously none of them are ideal situations, but there’s more to it than that. They’re all unexpected expenses that can significantly impact or even derail your retirement if you haven’t planned for them. Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=unexpected-expenses Economic Well-Being of U.S. Households in 2022 Fed Survey: https://www.federalreserve.gov/consumerscommunities/shed.htm RMD Age in 2023: What’s Your Required Beginning Date?: https://youtu.be/WZ9iddTMLUQ Pros and Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k Considerations for Retiring Before 62 & 65: https://youtu.be/JbZWycokNhc The Ins and Outs of Property and Casualty Insurance: https://youtu.be/xUW0uvpc8tc Rising Long-Term Care Costs: h

Is retirement constantly on your mind? Rather than getting stressed about when you’re going to retire or if you’ll have enough to get through retirement, you need to plan for it. Dean Barber and Bud Kasper are going to help us highlight why planning for retirement is so important by sharing seven ways to build the best retirement plan. We want you to have a plan that’s designed around your goals and desired lifestyle in retirement. Retirement Lifestyle: What’s Right for You?: https://youtu.be/aOpArKlSlmg Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k Rebalancing Your Portfolio: Looking at a Midyear Rebalance: https://youtu.be/js_DJsYhqB0 Rising Long-Term Care Costs: https://youtu.be/DxNTbK4UG3U Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=best-retirement-plans Tax Reduction Strategies: https://www.modwm.com/tax-reduction-strategies/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=best-ret

Two of the biggest retirement consideration concerns are not being able to retire before 62 (the age you can begin claiming Social Security) and 65 (when you become Medicare eligible). Dean Barber and Bud Kasper dig deep into the considerations that people need to make when retiring before those ages on America's Wealth Management Show. Social Security Podcasts Avoid Costly Mistakes When Claiming Social Security: https://youtu.be/6SD0nIxMeM4 How to Claim the Most from Social Security: https://youtu.be/N6T0N_R98kU Previous Episodes Retirement Cash Flow: What You Need to Know: https://youtu.be/dZDamZNA8Sw Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k Pros & Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg What Is Tax Planning?: https://youtu.be/vQ9yVdch9aw How to Spend When You First Retire: https://youtu.be/TwvwfamEJpk ABCs of Medicare: https://youtu.be/NtVg_G9gCUg Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS_Pod&ut

Today, Dean Barber and Logan DeGraeve will help us explore what retirement cash flow entails and why it's important. We’ll discuss when to address your plan for cash flow in retirement, how to determine the amount you need for monthly cash flow, and the concept of short-term, intermediate, and long-term buckets of money. Continue reading along and listen to this episode of America’s Wealth Management Show to learn all about the ins and outs of retirement cash flow. More on this episode: https://modwm.com/retirement-cash-flow/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=retirement-cash-flow Setting Up a Spending Plan for Retirement: https://youtu.be/WLCsavk83e8 Maximizing Social Security Benefits: https://youtu.be/r2mb_UpN-lw Tax Planning for Individuals: https://youtu.be/_-ZDMuJMasI How to Spend When You First Retire: https://youtu.be/TwvwfamEJpk Retirement Lifestyle: What’s Right for You?: https://youtu.be/aOpArKlSlmg Rebalancing Your Portfolio: Looking at a Midyear Rebalance: https://youtu.be/j

Today, Dean Barber and Logan DeGraeve will help us examine the flaws of several outdated retirement planning strategies. We’ll look at outdated retirement planning strategies such as the 4% rule, saving a specific percentage of income, having a specific dollar amount to retire, and other misconceptions like delaying retirement until specific ages or being debt-free. Logan and Dean helped emphasize the importance of tailoring retirement plans to individual aspirations and desired lifestyles by going through their list of eight outdated retirement planning strategies on America’s Wealth Management Show. More on this episode: https://modwm.com/retirement-planning-strategies-that-are-outdated/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=outdated-strategies 10 Ways to Fight Inflation: https://www.modwm.com/10-ways-to-fight-inflation-in-retirement/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=outdated-strategies Have You Saved Enough Money to Retire?: https://www.modwm.com/have-i-saved-enou

Financial wellbeing is a term frequently mentioned, but what does it really mean? Bud Kasper and Logan DeGreave dive into the concept of financial wellbeing and explore its various aspects on this episode of America’s Wealth Management Show. From measuring financial success to the importance of planning, we will provide insights and tips to help you achieve financial wellbeing in your life. More on this episode: https://modwm.com/what-is-financial-wellbeing/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=financial-wellbeing Charles Schwab Modern Wealth Survey: https://content.schwab.com/web/retail/public/about-schwab/schwab_modern_wealth_survey_2023_findings.pdf Maximize Social Security Benefits: https://youtu.be/r2mb_UpN-lw What Is a Monte Carlo Simulation?: https://www.modwm.com/what-is-a-monte-carlo-simulation/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=financial-wellbeing What DIYers Overlook in Retirement Planning: https://youtu.be/wCMssTo_6mg 6 Things the Wealthy Do With Their Mo

As we approach the midway point of 2023, it's an opportune time to reflect on the significant events and changes that have unfolded in the financial landscape. Bud Kasper and Logan DeGraeve aim to provide a comprehensive review of key developments, focusing on topics relevant to investors in this episode of America’s Wealth Management Show. From updates on new legislation to the Federal Reserve's rate hikes and market dynamics, we'll delve into the implications of these events and discuss future considerations. Let's dive into the substantial shifts and noteworthy occurrences that have shaped the financial world in 2023. More on this episode: https://modwm.com/5-big-things-that-happened-in-2023-so-far/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=big-things-2023 529 Rollover to a Roth IRA - What You Need to Know: https://www.modwm.com/529-rollover-to-a-roth-ira/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=big-things-2023 Family Financial Planning: https://www.modwm.com/podcasts/family

When it comes to saving for retirement, we often hear about the importance of building a substantial nest egg. So, Dean Barber and Bud Kasper explored the concept of "saving too much" and its potential impact on your financial future on America’s Wealth Management Show. They’re going to help us examine the trade-offs of excessive saving, such as limiting your current lifestyle and missing out on life's experiences. They’ll also discuss strategies to strike the right balance between saving for retirement and enjoying the present. More on this episode: https://modwm.com/save-too-much-for-retirement/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=save-too-much Setting Up a Spending Plan for Retirement: https://youtu.be/WLCsavk83e8 Pros and Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg How Much Do People Actually Spend in Retirement?: https://youtu.be/-0UCr0PELkk Must-Knows for Couples Retirement Planning?: https://youtu.be/o4eiAkWGc3k How Much Do I Need to Retire?: https://www.modwm.co

As we enter the second half of the year, it’s time to take a closer look at your investment portfolio and consider a midyear rebalance. Rebalancing your portfolio can help you stay on track toward your financial goals. Dean Barber and Bud Kasper explained the concept of rebalancing and its role in maintaining a well-diversified and optimized portfolio on America’s Wealth Management Show. They’re going to help us look at the benefits of periodic adjustments, keeping your risk tolerance in check, and taking advantage of opportunities. Timestamps: 00:00 – Introduction 01:47 – Where is this Market Run Coming From? 02:52 – What is Rebalancing? 05:20 – Why Rebalance Now? 07:02 – TRIVIA: Where Did Wall Street Derive Its Name? 07:53 – Creating the Right Asset Allocation 12:07 – TRIVIA: When Was the DJIA Established? 13:01 – The Tech Heavy NASDAQ 16:11 – Equal-Weight vs. Cap Weight 16:48 – Let’s Talk About the Fed 17:55 – Taxation, Rebalancing, and Capital Gains 21:01 – What We Learned Today More on this episode: http