Podcasts

Managing Your Financial Future

Tax Forms, Due Dates, Extensions: Making Sense of It All- Season 8: Episode 5

February 22, 2022

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Managing Your Financial Future

Consider This Social Security Filing Strategy- Season 8: Episode 4

February 15, 2022

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Managing Your Financial Future

Why We Do Buckets- Season 8: Episode 3

February 8, 2022

The Bucket Strategy has been around for more than 25 years, in one form or another. Why has it survived for as long as it has? With all of the withdrawal strategies that have come and gone over the years, Buckets has managed to become a mainstay for many advisors around the country. I

Managing Your Financial Future

Why Your Home May Be Your Best Tax Friend- Season 8: Episode 2

February 1, 2022

Home prices are up pretty much everywhere, and for those who own one, this is good news on many different fronts. If you’re considering selling and maybe downsizing, or moving to a less expensive area, you may be able to take advantage of one of the best tax breaks out there. On this week’s episode of Managing Your Financial Future, find out from podcast host Johnny Dean and his guest, “Professor” Rick Plum, CFP® why your primary residence may be your best friend when it comes to capital gains taxes!

Capitalize

CAPitalize Your Investments – Season 2: Episode 15

January 31, 2022

This may or may not come as a surprise to some people, but there’s more to investing than just putting money into stocks — a LOT more.  Even combining just the simple, conventional “Stocks and Bonds” portfolio may not be enough to get you where you want to go. It took the Big Crash of 2008 for me in the early days of my career to learn that the successful investors used more than just stocks, or stocks and bonds, when working on building their nest eggs.  And while not everyone needs to have a huge variety of investments, just knowing that other tools may be available to you is a big step forward.

Managing Your Financial Future

3 Money Moves to Make Right Now- Season 8: Episode 1

January 25, 2022

In the world of financial planning, it’s often better to do things sooner rather than later. That is, after all, why you do planning, isn’t it? No point in waiting until the very last minute. As it’s still early on, there are some things that you’re much better off taking care of right now, before… View Article

Capitalize

CAPitalize Your Child’s Financial Future- Season 2: Episode 14

January 18, 2022

If you’re a parent, you want to see your child succeed. And if you’re a brand new parent, you want to start your child off right, most likely from Day 1. Good idea! And yes – that includes getting them started on their own finances. This doesn’t necessarily mean you’re going to hand them a… View Article

Capitalize

CAPitalize on What Money Goes Where- Season 2: Episode 13

January 3, 2022

Do you have a retirement plan at work? Speaking here about a 401k, 403b, or a 457 plan for governmental and certain nongovernmental employers. If so, you’ve got an opportunity to do some real saving here! What about Roth or traditional IRAs? Where do those come in? After all, those are types of personal retirement savings plans, and with a finite amount of money to put away each month, you might be confused about where your funds may be the most effective.

Capitalize

CAPitalize Your “Gap” Money – Season 2: Episode 12

December 20, 2021

If you have money left over after your expenses are taken care of, what should you do with it?  This is what we call “gap” money, and where that money ultimately goes may be crucial to your financial success. Before you go off and spend your extra cash on riotous living, you need to ask yourself several (or dozens) of questions first.  What are your options at this point?

Capitalize

CAPitalize Your Cash Flow – Season 2: Episode 11

December 6, 2021

I read a few surveys that I found to be rather astonishing. It seems that nearly 70 percent of Americans have no household budget, and that 45 percent have absolutely nothing saved for retirement! What’s also interesting (and pleasantly surprising) is that the average American also seems to have a rather large amount of free cash flow each month. Whether you have a lot or a little doesn’t necessarily matter; what matters is what you do with it. In this week’s episode, I talk about what it means to CAPitalize your cash flow and how you may be able to CAPitalize your future without sacrificing your enjoyment of the present. Tune in and find out more!

Managing Your Financial Future

How To Set Up Your 401k Distributions As You Approach Retirement- Season 7: Episode 12

November 30, 2021

If you’ve been saving for a long time in your 401k, you may have decided as you approach retirement that you’d like to reallocate some of those investments into something less volatile than, say, an aggressive growth fund. So maybe you change your allocation to include something with relative safety.  This can be a great idea: after all, you don’t want a big market downturn to take a huge chunk out of your savings right when you need it. But as you reallocate, you may also want to consider changing how you contribute your new money. 

Managing Your Financial Future

What If You Forget To Take Your RMD? – Season 7: Episode 11

November 23, 2021

Whether you need the money to live on or not, it’s a fact that once you reach age 72, you’re generally required to take a certain amount of money each year out of your tax-deferred retirement accounts. These are your Required Minimum Distributions, or RMDs. The penalty for missing an RMD is severe: 50 percent of the amount you missed! That’s not fun, and it certainly is costly. So what happens if you accidentally miss the RMD for a given year? Are you simply out of luck? Maybe not. Learn more about what remedies you may have available to you