America's Wealth Management Show

Dean Barber always says that you shouldn’t save to something without knowing the rules of getting the money out. Dean and Bud Kasper, CFP®, AIF® are going to elaborate on that as they review where you should be saving for retirement. The bottom line again is that it depends on your personal situation.   Retirement Plan Checklist: https://bit.ly/3udy5UW Tax Reduction Strategies: https://bit.ly/461W2vH Become a Rothaholic: https://bit.ly/3StiD1f Check out the in-plan Roth conversions case study: https://bit.ly/40yxOrL Why You Need a Financial Planning Team: https://youtu.be/n0lRpP8YOew?si=8Uzkq77yk9M4g7BN How Does a Roth IRA Grow?: https://youtu.be/sJcVt95fKZo HSA Tax Advantages with Marty James, CPA: https://youtu.be/w7KHmts85oI?si=VbOQd51ff3G1YyRd Most Retirees Aren’t Doing These 4 Things (But They Should Be): https://youtu.be/BDELKWKHP8k Don’t Retire Without Doing These 8 Things: https://youtu.be/nbF2B5efXtc Retirement Planning for the Self-Employed: https://youtu.be/3RzKRAmyQ0Q Financial Planning Tool: http

What is giving you financial stress and how are you dealing with it? On today's episode of America's Wealth Management Show, Dean Barber and Bud Kasper explain how financial stress is different for everyone and that it's crucial to have a comprehensive financial plan that helps you deal with it. Retirement Plan Checklist: https://bit.ly/3ua5q3h Unexpected Expenses & How to Avoid Them: https://youtu.be/HbhdqYyp2uA Don’t Retire Without Doing These 8 Things: https://youtu.be/nbF2B5efXtc Busting Retirement Rules of Thumb: https://youtu.be/pHV0kG9xOdc 5 Questions About Long-Term Care Insurance: https://youtu.be/DF6v83HkxWg 7 Reasons People Run Out of Retirement Money: https://youtu.be/nTUjhFpEgu8 Most Retirees Aren’t Doing These 4 Things (But They Should Be): https://youtu.be/BDELKWKHP8k Financial Planning Tool: https://bit.ly/3MCAmzr Meet with Us: https://bit.ly/3FS5w27

Do you think you know everything there is to know about the tax code? The truth is that you likely won’t even find a financial advisor that know everything about the tax code. Our advisors are even willing to acknowledge that. That’s exactly why we have CPAs on staff. Our CFP® Professionals work alongside our CPAs to make sure that people aware of tax planning opportunities and steering clear of big tax mistakes they need to avoid. It doesn’t take much for a very small mistake to turn into a big one when it comes to taxes. Taxes are one of two of the biggest wealth-eroding factors in retirement (health care costs are the other). So, pay close attention as Dean Barber and Bud Kasper, CFP®, AIF® review four tax mistakes that retirees need to avoid. Retirement Plan Checklist: https://bit.ly/3slMwGc Tax Reduction Strategies: https://bit.ly/3QKL5dQ Rothaholic Club: https://bit.ly/3MulgMB Tax Rates Sunset in 2026 & Why That Matters: https://bit.ly/3u1hP9P Financial Planning Tool: https://bit.ly/3u20I7J Schedu

Six months ago, Logan DeGraeve, CFP®, AIF® and Matt Kasper, CFP®, AIF® discussed rising long-term care costs on the Modern Wealth Management Education Series. To the surprise of no one, it appears to be a trend with no end in sight. There’s no question about that, but that doesn’t mean that we’re not receiving plenty of questions about long-term care. In addition to sharing some staggering statistics, Dean Barber and Bud Kasper, CFP®, AIF® are going to address five questions that we’re frequently asked about when it comes to long-term care. Retirement Plan Checklist: https://bit.ly/3FFyEt9 Rising Long-Term Care Costs: https://youtu.be/DxNTbK4UG3U Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k What Is Longevity Risk?: https://youtu.be/OMoWFA7_NiE Life Insurance in Retirement: Do I Still Need It?: https://youtu.be/cFWcUe2VADo Financial Planning Tool: https://bit.ly/3sfAfmA  Meet with Us: https://bit.ly/49m1PPU

“How much do I need to retire?” is probably the most frequent questions that our CFP® Professionals are asked. However, “When can I retire?” or “When is it time to retire?” aren’t too far behind. If you work with an advisor who gives you an immediate answer to any of those questions, they’re really a financial advisor in name only. They’re probably more of a financial salesperson. They’ll likely just sell you investments, make a commission, and not put your needs first. Unfortunately, there are a lot of financial salespeople within our industry. Logan DeGraeve, CFP®, AIF® and Chris Rett, CFP®, AIF® are going to help explain why it’s important to avoid those financial salespeople and what all needs to be done to get an accurate answer to “When is it time to retire?”  Retirement Plan Checklist: https://bit.ly/46KfXAF Setting Up a Spending Plan for Retirement: https://youtu.be/WLCsavk83e8 Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k Unexpected Expenses & How to Plan for Them: http

Last week, Dean Barber and Bud Kasper, CFP®, AIF® took some time to review five important estate planning documents that everyone should have for National Estate Planning Awareness Week. Well, National Estate Planning Awareness Week is actually a part of National Financial Planning Month. While we aim to educate people about financial planning year-round, Logan DeGraeve, CFP®, AIF® and Chris Rett, CFP®, AIF® are celebrating National Financial Planning Month by sharing seven financial planning opportunities you don’t want to miss. Let’s run through that list of financial planning opportunities you don’t want to miss before going in depth on each one.  Retirement Plan Checklist: https://bit.ly/3tVJLvm Become a Rothaholic: ttps://bit.ly/40aI09M  Tax Rates Sunset in 2026 & Why That Matters: https://bit.ly/3QvdrIC How Does a Roth IRA Grow?: https://youtu.be/sJcVt95fKZo What Is a QCD?: https://youtu.be/vpdl1ZUlcNc Understanding SECURE 2.0 with Ed Slott: https://youtu.be/HHPMo9l0yeg?si=UH5hURDrua8saA8j 5 Stra

One of our executive advisors, Logan DeGraeve, CFP®, AIF®, always likes to say that every day is a Saturday in retirement. Dean Barber and Bud Kasper, CFP®, AIF® couldn’t agree more with Logan as long as you properly plan for retirement. Bud and Dean are going to review four retirement planning essentials that most retirees don’t do but should be doing.  Retirement Plan Checklist: https://bit.ly/3S6ovNR Become a Rothaholic: https://bit.ly/45zfmjH Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k Unexpected Expenses & How to Plan for Them: https://youtu.be/HbhdqYyp2uA 7 Reasons People Run Out of Retirement Money: https://youtu.be/nTUjhFpEgu8 CFP® Professional and CPA Relationship: https://youtu.be/zxpfmN-xbrw?si=HRJ0igobzVXJk_SJ What Is a QCD?: https://youtu.be/vpdl1ZUlcNc Financial Planning Tool: https://bit.ly/3tCfTEh  Meet with Us: https://bit.ly/3tF2NWT

In 2008, the National Association of Estate Planners & Councils created National Estate Planning Awareness Week. It takes place the third week of October and its purpose is to educate Americans about the importance of estate planning. It’s our goal at Modern Wealth Management to help people keep estate planning top of mind year-round. Dean Barber and Bud Kasper, CFP®, AIF® are going to help explain the differences between a will and a trust and give an overview of the five estate planning documents that everyone needs. Estate Planning Guide: https://bit.ly/3rVFcka  Retirement Plan Checklist: https://bit.ly/3M674ZK  What Is Probate and Why Should I Avoid It?: https://bit.ly/46Z3Cs5  How to Build Generational Wealth: https://youtu.be/UhBlYVyxYBI Financial Planning in your 30s & 40s: https://youtu.be/jRbHI3tqlis Family Financial Planning with Matt Kasper: https://youtu.be/MX0SvvCwnww?si=N_pBA6AZ9emCf7EC Understanding SECURE 2.0 with Ed Slott: https://youtu.be/HHPMo9l0yeg?si=Dr61Ecp8zQLdMtvo Financial Pla

Inflation is a word we’ve become all too familiar with over the past couple of years, but it’s far from the only economic buzzword that’s been trending. Have you heard about disinflation and deflation and understand what each term means? Obviously, they sound similar, so there’s no shame in confusing them. Still, it’s important to know what disinflation and deflation mean and how they’re different. Dean Barber and Bud Kasper, CFP® are going to help us with that as they offer their insight on inflation, disinflation and deflation. Retirement Plan Checklist: https://bit.ly/3QenFgo Reviewing the Fed’s Latest Actions with Brad Kasper: https://youtu.be/k8BTWBI_9ps?si=BwxcmR6T1BOFFG9M 7 Reasons People Run Out of Retirement Money: https://youtu.be/nTUjhFpEgu8 What to Know About CDs, Bonds, and Treasuries: https://youtu.be/fIKXL3DUL6k Financial Planning Tool: https://bit.ly/45vJeO7 Meet with Us: https://bit.ly/3ZV5nEi

We’ve seen our fair share of mind-blowing statistics in retirement planning surveys over the years. Our jaws nearly hit the floor, though, when seeing a statistic in recent study from Allianz Life. Their survey found that 61% of Americans are more afraid of running out of money than they are of death. Think about that for a minute. That’s insane. That’s why we can’t stress enough that everyone needs a comprehensive financial plan that gives you confidence that you’re doing the right things with your money, freedom from financial stress, and time to spend doing the things you love. Retirement Plan Checklist: https://bit.ly/3Qe6mfF AllianzLife Study: https://www.allianzlife.com/About/Newsroom/2023-Press-Releases/Americans-Facing-a-New-Retirement-Reality Peter G. Peterson Article: https://www.pgpf.org/blog/2023/07/why-are-americans-paying-more-for-healthcare Fidelity Study: https://www.fidelity.com/viewpoints/personal-finance/plan-for-rising-health-care-costs Don’t Retire Without Doing These 8 Things: https:/

As a full-service wealth management firm, we strive every day at Modern Wealth to help people get to and through retirement. So why are we publishing an article about unretiring? Well, there are a few reasons. Logan DeGraeve, CFP® and Chris Rett, CFP® are going to help us break down some statistics about retirement considerations and discuss why someone would think about unretiring. Retirement Plan Checklist: https://bit.ly/3LP7S5k Paychex Study: https://www.paychex.com/articles/human-resources/retirees-rejoining-the-workforce Don’t Retire Without Doing These 8 Things: https://youtu.be/nbF2B5efXtc When Is It Time to Stop Saving for Retirement?: https://youtu.be/UEkwSGMA_ZI What Millionaires Do During Times of Economic Uncertainty: https://youtu.be/CJgGZN_AQvE How to Spend When You First Retire: https://youtu.be/TwvwfamEJpk Financial Planning in Your 30s and 40s: https://youtu.be/jRbHI3tqlis Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k Financial Planning Tool: https://bit.ly/3tju

Have you been negatively impacted by the economic uncertainty we’ve experienced over the past couple of years? If so, how? It’s not a fun conversation to have, but it’s a necessary one. Not having a conversation about it at all can only increase the anxiety of economic uncertainty, which is why it’s so critical to plan for economic uncertainty. We’re going to discuss what millionaires do in times of economic uncertainty to illustrate the importance of planning for it. Logan DeGraeve, CFP® and Chris Rett, CFP® are going to dive into three specific things that millionaires do in times of economic uncertainty. Retirement Plan Checklist: https://bit.ly/3ZGlzcm Northwestern Mutual Study: https://news.northwesternmutual.com/planning-and-progress-study-2023 Tax Rates Sunset in 2026 and Why That Matters: https://bit.ly/3PEi2qx Don’t Retire Without Doing These 8 Things: https://youtu.be/nbF2B5efXtc Unexpected Expenses & How to Plan for Them: https://youtu.be/HbhdqYyp2uA How to Build Generational Wealth: https://

Did you know that you have more control over your taxes in retirement than at any other time of your life? It’s true, but you need to understand some very important tax secrets—AKA, tax planning strategies—to take advantage of it. These really shouldn’t be considered as tax secrets since everyone should know about them. The problem is that a lot of people think that tax planning is only for the rich. That couldn’t be further from the truth. We’re going to share tax planning strategies that everyone should be aware of. Make sure to then share this article with your friends as well. If more people are aware of these tax planning strategies, they won’t need to be referred to as tax secrets anymore. Become a Rothaholic: https://bit.ly/3RzTYrr Tax Reduction Strategies: https://bit.ly/3REkRu5 Tax Rates Sunset in 2026 & Why That Matters: https://bit.ly/48B29JV Asset Allocation vs. Tax Allocation: https://youtu.be/mMqwacOhvzg  Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k  Pros & Co

Did you know that we're in the midst of The Great Wealth Transfer? More than 10,000 Baby Boomers are expected to turn 65 each day between now and 2030. Along with entering retirement, the Baby Boomers are beginning to pass their hard-earned wealth to the next generation. Logan DeGraeve, CFP® and Matt Kasper, CFP® explain why it's critical to understand how to pass down and inherit assets in a tax-efficient manner to effectively build generational wealth. How to Build Generational Wealth: https://bit.ly/3RDEjav  Tax Rates Sunset in 2026 & Why That Matters: https://bit.ly/48tipga  Retirement Plan Checklist: https://bit.ly/3Zwv9i3 Retirement Savings by Age: https://youtu.be/pKPMTRRCUXw  How to Spend When You First Retire: https://youtu.be/TwvwfamEJpk  Don’t Retire Without Doing These 8 Things: https://youtu.be/nbF2B5efXtc  Roth vs. Traditional with Corey Hulstein & Bud Kasper: https://youtu.be/ASEEO30DZfI?si=NOv1LFFrGbAYG_lx  Pros & Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg  Life

You may have heard the term QCD (Qualified Charitable Distribution), but what is a QCD? If you’re 70½ or older, charitably inclined, and have money in tax-deferred accounts—such as traditional IRAs—QCDs might be right up your alley. A QCD is a distribution from an IRA that goes directly to a qualified charity. QCDs aren’t taxed and won’t show up on your tax return. Does that sound intriguing? Dean Barber, Bud Kasper, and Corey Hulstein, CPA are going to help us learn a little bit more about what a QCD is. Become a Rothaholic: https://bit.ly/3RxK5ua Tax Reduction Strategies: https://bit.ly/3LxoXR7 Tax Rates Sunset in 2026 & Why That Matters: https://bit.ly/45QrU7n How Does Capital Gains Tax Work?: https://youtu.be/vpmw-HXpJ1w 5 Strategies to Reduce RMDS: https://youtu.be/feuUGXPQtdE Pros & Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg Roth vs. Traditional with Corey Hulstein & Bud Kasper: https://youtu.be/ASEEO30DZfI?si=LZnTdqQruuMQi9Wh Considerations for Retiring Before 62 &am

Do you have some retirement rules of thumb that you follow? Some of them might be helpful with getting you in the right mindset to save for retirement, but there are issues with every one of them. Why? Because your financial plan needs to be built based upon your unique situation. Become a Rothaholic: https://bit.ly/3PLXkWU Retirement Plan Checklist: https://bit.ly/46e7W68 Don't Retire Without Doing These 8 Things: https://youtu.be/nbF2B5efXtc Roth vs. Traditional with Corey Hulstein & Bud Kasper: https://youtu.be/ASEEO30DZfI?si=LZnTdqQruuMQi9Wh Financial Planning in Your 30s & 40s: https://youtu.be/jRbHI3tqlis Reviewing the Fed's Actions with Brad Kasper: https://youtu.be/k8BTWBI_9ps?si=S4bb1HwODS5e28im Asset Allocation vs. Tax Allocation: https://youtu.be/mMqwacOhvzg Family Financial Planning with Matt Kasper: https://youtu.be/MX0SvvCwnww?si=G1mbrL36qJRSM2WD Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k When Is It Time to Stop Saving for Retirement: https://youtu.be/UEkwSG

The question, “How Much Do I Need to Retire?” certainly makes for an attention-grabbing headline. And we get it. It’s a very frequently asked question and we’ve even published an article with that exact headline. But if you’re expecting to read that article and get a definitive answer to that question that includes a retirement savings by age breakdown, that’s not what you’ll find. Unfortunately, a lot of people try to do back-of-the-hand math or use a retirement calculator to get the quickest answer possible to how much they should have in retirement savings by age. They’ll get an answer, but it won’t be correct. Why? Because your retirement savings be age goals and how much you need to retire can vary based on several different factors. Those factors include your goals, lifestyle, age, income, health, market volatility, inflation, interest rates, tax rates hikes, etc. Retirement Plan Checklist: https://bit.ly/3PDPOxf Don't Retire Without Doing These 8 Things: https://youtu.be/nbF2B5efXtc Kick Off Retirement

Even if you aren’t close to retirement, financial planning in your 30s and 40s is critical. And if your 30s and 40s feel like they were another lifetime ago, that doesn’t mean that financial planning in your 30s and 40s doesn’t apply to you. What we’re going to cover in this article will still apply to your children and/or grandchildren. Two of our CFP® Professionals, Logan DeGraeve and Matt Kasper, are going to help us with reviewing some key financial planning strategies to consider in your 30s and 40s. Logan just turned 31 and Matt is about to turn 41, so this topic of financial planning in your 30s and 40s is right up their alley. Retirement Plan Checklist: https://bit.ly/44QBkyr Setting Up a Spending Plan for Retirement: https://youtu.be/WLCsavk83e8 Considerations for Retiring Before 62 & 65: https://youtu.be/JbZWycokNhc The Difference Between Good Debt & Bad Debt: https://youtu.be/Xxmv-pA3kQg?si=NtAM6Bk0dTTqGD8q Family Financial Planning with Matt Kasper: https://youtu.be/MX0SvvCwnww?si=tHOZATmU

Do you have a good understanding of compound interest? If you do, you’ll probably catch on quickly to the concept of how a Roth IRA grows. If you’re not familiar with compound interest or Roth IRAs, follow along as Dean Barber and Bud Kasper answer the question, “How does a Roth IRA grow?” We’ll do our best to explain in simple terms how the Roth IRA can be an effective tax savings vehicle. Become a Rothaholic! - https://bit.ly/3r5MOQR Tax Reduction Strategies: https://bit.ly/3Pcs5mu Retirement Plan Checklist: https://bit.ly/3rdxRfq 5 Strategies to Reduce RMDs: https://youtu.be/feuUGXPQtdE Roth Conversion Decisions for 2023: https://youtu.be/Ce8ZA-rbSbc Why Compound Interest Is Key: https://youtu.be/4HHC7MLDsc0 Pros & Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg Creating a Tax-Free Retirement with Ed Slott: https://youtu.be/En3ZfP70PYA?si=FBVIcnsxyCgLUJQA Start Planning: https://bit.ly/3ZkkNl9 Meet with Us: https://bit.ly/3EvHIjY

A lot of avid football fans probably have heard Hank Williams Jr.’s song, Are You Ready for Some Football? that went to the tune of his hit, All My Rowdy Friends Are Coming Over Tonight. Several of our team members are ready for some football, especially in our Kansas City-and Detroit-area offices since the Chiefs and Lions are kicking off the NFL season. But while we’re excited for football, we have a more important question for you. Are you ready for retirement? We’re going to discuss some key factors concerning retirement readiness to that you’ll be ready to retire. Become a Rothaholic! - https://bit.ly/3P8dUPl Retirement Plan Checklist: https://bit.ly/3RgSgLv 9 Items that Retirement Calculators Miss: https://bit.ly/3sCs2Zk Asset Allocation vs. Tax Allocation: https://youtu.be/mMqwacOhvzg Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k Setting Up a Spending Plan for Retirement: https://youtu.be/WLCsavk83e8 Richcession or Recession?: https://youtu.be/CmRq7cpWpdk Pros & Cons of C