Dolphin Financial Radio

In his book, "The Four Phases of Retirement" Dr. Riley Moynes outlines four distinct phases people go through after retiring. In this show, we discuss these four phases and the financial aspects of each phase. Are some phases more expensive than others?

Inflation is high. There is no doubt that people are concerned about rising inflation and prices. In fact, according to a recent BMO survey, many are delaying retirement because of inflation! In this show we discuss if people should delay retirement because of inflation.

Rising interest rates impact many things such as mortgages rates, bond prices, and the overall economy. What impact do rising rates have on annuities? Do annuities pay more as interest rates go up? Should I buy an annuity in a rising interest rate environment? What is a fixed annuity or a MYGA (Multi-Year Guarantee Annuity)? We answer all of these questions in this show about interest rates and an...

People like to know where they stand, particularly when it comes to their bank accounts. Do I have enough to retire? How much money should I have saved by age 55 or 60? This info is definitely interesting to know, but does it provide any value? In this show we talk about what the average retirement savings are at various ages and discuss why this information may not be as useful as you think.

Inflation impacts everyone and seemingly every financial plan. Does your retirement plan factor inflation? In this show we talk about how inflation has a major impact on those in retirement. We also discuss specific strategies and tips for dealing with inflation when you are retired.

How much income is needed to be happy? In the past, a major study indicated that $75,000 was the magic number. After that, additional income doesn't move the happiness needle all that much. However, a more recent study suggests otherwise. In this show we talk about this idea of how much income is enough income.

We all know the financial cost of Long Term Care is high. Not only are communities and facilities expensive, but so is insurance, or even home health assistance. The costs go well beyond the numbers and have an emotional and physical strain on the caregiver as well. In this show, we talk about these issues with Linda Burhans, a caregiver expert. She share experiences, tips, and strategies to offse...

Who wants to be debt free? As people get closer to retirement, the main (and usually only) debt is the home mortgage. Should you pay off your mortgage as you entre retirement? Maybe so maybe not. In this show we discuss the reasons for and against paying off your mortgage.

What are the top four reasons people stress about retirement? Better yet, what are the solutions to remove this stress? Many people are unnecessarily stressed about retirement. Listen in to learn how to relieve the anxiety that you may be facing.

Many say that Florida is a really low tax state. Some even say Florida has NO taxes. Is any of this true? In this show, we review the 2022 Tax Burden by State report put out by WalletHub. We discuss where Florida falls on the list and how state income tax isn't the only tax people face.

Whether they realize it or not, most people own bonds in their retirement portfolio. This is a traditional investment strategy that may be due for a change. Do you own bonds, and if so, why? Are bonds an appropriate asset to hold in a retirement portfolio? Listen in as we discuss whether or not bonds are something people should own in today's market environment.

What is one piece of financial advise you'd give your younger self if you could? Florida has just joined a handful of other states that now require Financial Literacy in high school in order to get a diploma. In this show we discuss the new requirements and if they are where they need to be to help these youngsters retire years from now.

Does stock market volatility matter when you are retired? If you are pulling income from those investments, you bet it does! In this show we talk about how generating income from retirement assets can be subjected to Dollar Cost Ravaging, also known as Sequence Risk. If you are worried about running out of money in retirement, be sure to listen to this show and apply the lessons learned to your si...

The rule of thumb is that retirees spend 80% of their pre-retirement income in retirement. This rule of thumb is wrong. There are many factors that go into how much people spend during retirement and spending doesn't stay constant. In this show we talk about how and when retirees spend.

What can we learn from Aesop's Fable, "The Miller, His Son, & the Ass"? In this show we tell the story and how it relates to financial plans. Sometimes when you try to please everyone, you please no one.

Many people have expectations to continue working until 65 or later. In reality, that doesn't happen as much as planned. The median age of retirement is 62, despite other intentions. Why are people retiring earlier than expect? Should you plan for an early retirement, even if you intend to work later?

The costs of Long Term Care are once again going up? Can we blame Covid or just general trends? In this show we talk numbers and discuss the costs of home healthcare, assisted living, and nursing home facilities. We reference the "2021 Genworth Cost of Care Survey" and give our take on this financial issue.

Each year in April, income taxes are due. Some people wait until the last minute, others file as soon as possible. In this show we discuss the reasons why it makes sense to file your taxes early. If you are a procrastinator when it comes to taxes, this show might actually change your behavior.

Social Security income is taxable. It wasn't designed that way, but in 1983 and again in 1993, Congress starting taxing more and more of your Social Security checks. In this show we talk about how it is taxed and how to minimize that tax. We also address the idea that this can be considered double taxation.

What are Series I savings bonds? Is it true they are paying over 7% in early 2022? How do they work and should I consider them for myself? In this show we discuss these savings bonds, how they adjust for inflation, and how they play into retirement savings.

Am I eligible for Social Security benefits based on an ex-spouse if I am currently remarried? The answer is "maybe." In this show we talk about how you can get a Survivor Benefit if an ex-spouse dies or a Spousal Benefit based on an ex-spouse, even if you are currently remarried.

At what age are you planning to retire? What is holding you back from retirement? In this podcast we discuss these questions while referencing a recent survey on the topic. Spoiler alert - age 60 is still a highly desirable retirement age.

What are six financial moves you should consider making at the beginning of the year? In this show, Dan, Chris, & Tony talk about their top suggested financial moves to work on now. From retirement contributions, insurance reviews, and taxes, listen in to learn how to improve your financial life.

What financial trends will dominate 2022? In this show we talk about the top five financial trends we expect will occur in 2022. Will from inflation to housing to cryptocurrency, we give you our best guess.

At the end of 2020, we made some predictions on financial trends for 2021. Were we right or wrong? In this show we hold Dan Wendol accountable for his predictions for the year. And be sure to listen to the end of the show as Tony joins in the holiday spirit to share his opinion on the top 5 new album releases for 2021