America's Wealth Management Show

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 getti...

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...

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. Retir...

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 b...

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 so...

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 y...

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 a...

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 conf...

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...

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 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-ch...

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 a...

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...

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 Managem...

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...

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 o...

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...

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 l...

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 g...

Retirement is a time for new beginnings and enjoying the lifestyle you've always dreamed of. But what exactly does that mean to you? Dean Barber and Bud Kasper discuss what goes into defining your retirement lifestyle on America's Wealth Management Show to help you figure out what you want your retirement to look like. More on this episode: https://modwm.com/retirement-lifestyle/?utm_source=AWMS-P...

The Federal Reserve finally hit the pause button on raising the Fed funds rate at the FOMC's June 14 meeting after 10 consecutive hikes. What does that mean for your financial planning strategy? Dean Barber and Bud Kasper are going to make some interest rate forecasts for the rest of 2023 on America's Wealth Management Show. Let's see what they have to share about what they think is next from the...

Thinking about retirement can be exciting. However, it can also be overwhelming. Our Modern Wealth Management team is here to help you so that retirement doesn't feel overwhelming. One of the aspects of retirement that can feel overwhelming is the first year of retirement and what to expect. Dean Barber and Bud Kasper are going to discuss how to spend when you first retire on America's Wealth Mana...

Thinking about retirement can be exciting. However, it can also be overwhelming. Our Modern Wealth Management team is here to help you so that retirement doesn't feel overwhelming. One of the aspects of retirement that can feel overwhelming is the first year of retirement and what to expect. Dean Barber and Bud Kasper are going to discuss how to spend when you first retire on America's Wealth Mana...

Retirement is a journey best taken together, but it can also bring its own set of challenges. Dean Barber and Bud Kasper want what's best for all couples when it comes to retirement planning, so they dug deep into the essentials of what to know for couples who are retirement planning on America's Wealth Management Show. Dean and Bud are going to help with exploring the unique aspects of retirement...

On America's Wealth Management Show, Dean Barber and Bud Kasper frequently talk about the things that you need to build a solid retirement foundation. They don't want you to let your hard-earned money slip through the cracks. So, pay close attention as they share some of the dangers of taking a DIY approach to retirement planning. Retirement planning is a complex process. Even the most experienced...