Dolphin Financial Radio

The F-Word is back in the limelight of the financial services world. We are talking about the word "Fiduciary." On June 30th, 2020, Regulation Best Interest (BI) is being enforced by the Securities & Exchange Commission (SEC). In this show we discuss what this what this means for the average investor and why there is such an uproar about this new standard that demands financial servi...

Most people are familiar with the investment concept of risk vs reward or risk/return. The more risk you take, the greater the return should be. By the same token, the less risk you take, the lower the return should be. So what about risk-free investments? Perhaps you heard the term risk-free investments or risk-free retirement. In this show we are going to explore this concept and discuss what th...

Could it be that your personality characteristics will impact your retirement income regardless of the math behind your financial plans? Are your personality traits more important than the size of your retirement portfolio? In this show we explore the idea that there is more to retirement income than the numbers.

Sometimes a company will offer an early retirement package to employees. This has certainly been the case during the summer of 2020 for industries like airlines. Analyzing these early retirement offers is a high stakes, complex process. In this show we review process for considering an early retirement package.

Laughter is said to be some really good medicine. In this show we try to offer a healthy dose of laughter as we share some funny jokes - retirement and financial related humor of course!

The stock market had one of the fastest plunges from all-time highs starting in February 2020. However, there has been an equally impressive, and quick, bounce. This bounce has happened in the face of economic uncertainty on a global scale. Will it last or is this only a head fake?

In this episode we talk about Warren Buffet's son, Peter, and what he did with his inheritance in 1977. Spoiler alert - he didn't keep in in Berkshire stock. If he did, it would be worth about $200 million today! Perhaps he invested it in something more valuable?

The economic relief bill passed in March of 2020 has increased unemployment benefits by an extra $600 per week. This is has created a situation where many people are making more money unemployed than they would fully employed. In this show we discuss the situation and determine if this is good or bad.

The global pandemic has cause a lot of economic disruption and financial pain. To offset such financial difficulties, many people buy insurance. In today's show we explore if insurance policies are actually helping during this crisis. In particular, we will discuss whether or not health insurance, disability insurance, and business income insurance policies are covering this global pandemic.

Free is a good thing right? Well, as the old saying goes, nothing in life is free. Or is it? In this show we talk about many of the things we are offered for free, but that really do come with a cost. Inspired by the man who drove to 11 Wendy's fast food restaurants to get free chicken nuggets, this show may make you think twice about taking that next thing for "free".

Should retirees have received a stimulus check? Is is going to hurt them in the long run? In this show we talk about the good and the bad of the recent government stimulus. We touch on deflation and inflation and, most importantly, the debt our country has undertaken to save our economy.

Target Date Funds are quite popular within 401(k)'s. The purpose and strategy of these funds makes a lot of sense. However, for people that are close to retirement, these Target Date Funds may be missing the mark. In this show we discuss how these funds may not be designed for those within 10 years, 5 years, or even closer to retirement.

The Coronavirus Aid, Relief, & Economic Security Act (CARES) has some parts that impact our retirement system. In this show we discuss the main implications including changes to RMDs, early withdrawal penalties from IRAs and 401ks, and how taxes are deferred from retirement withdrawals. The big question we answer - is there a way to benefit financially from the CARES Act rule changes?

The global pandemic is not a good situation by any measure, particularly when it relates to finances. However, in today's show we discuss the positive aspects of our situation. In fact, Dan shares how this global crisis might actually provide the opportunity of a lifetime for many people.

Retiring can be a wonderfully exciting time in your life. It can also be difficult and stressful, especially if you retire during an economic crash or a global pandemic. In this show, we will talk about retiring during turmoil. We'll discuss the challenges and strategies of pulling the retirement trigger when the stock market is in bear territory. Don't worry, the answer isn't to de...

A big part of estate planning is taking care of others when you pass away. In this show we talk specifically about different scenarios and issues that may arise when it comes to beneficiaries. Perhaps you are leaving assets to minor children. Maybe you have some restrictions you'd like to establish for adult beneficiaries, particularly those that may not be great at handling money. Join Dan a...

Men's Health recently released a series of videos with a Men's Wealth theme. They interviewed various celebrities and had them share financial mistakes and lessons. In this show we will discuss the highlights from these interviews and relate them to the average person.

Is saving for retirement a waste of resources? Does it make more financial sense to spend your money on living while you are young and healthy? This might sound strange, but if you run the numbers, for some people this no-savings retirement strategy might be smart.

The recent dramatic stock market decline is definitely unsettling for investors. Is it time to get out of the market? It is time to start buying? In this show we talk about corrections and bear markets along with the recovery times. Listen in if you want an idea on how to handle the emotions that come along with these drastic market moves.

In this show we discuss some recent company failures, loss of pensions, and what employees should do if they are afraid of losing their retirement benefits.

Do I really need any of these documents? What's the bare minimum I can get away with? Do I need a Will if I have a Trust? Do I need to update my Will if I move to Florida? In this show we cover the basics on wills, trusts and estate planning in Florida. Local estate planning attorney, Debbie Faulkner, joins the conversation and fields a bunch of common questions that need answering.

Have you ever been given a hot stock tip? Do you want one? In this show we talk about how to handle a hot stock tip, especially if you are close to retirement. As an extra bonus, Dan will lead off the show with his latest hot stock tip for the listeners.

The traditional retirement income plan is often called a three-legged stool. This is a combination of Social Security, Pensions, and savings. In this show we discuss why the three-legged stool is almost dead and what you can do to revive it.

With the passage of the SECURE Act and the changes to IRA rules, discussion on Roth conversions is heating up. In this show we will talk about why Roth conversions are a hot topic now and also why they do NOT make sense for many people.

In a recent online survey conducted by MagnifyMoney.com, people with investment accounts were asked about any regrets they had. It turns out that 77% did have a regret. In this show we find out what those regrets are and talk about how to avoid them.