Re-Engineering Your Finances Podcast

Are you planning for your retirement with the confidence that you're making all the right moves? In today's episode, we'll unveil the crucial income planning mistakes that could jeopardize your retirement and show you how to craft a financial plan that's built to last decades, not just years. Tune in to ensure your retirement strategy is foolproof against common pitfalls and ready to secure your f...

Imagine your retirement plan as a ship sailing toward a horizon of rest and relaxation. But what if one leak could sink it all? In today’s episode, we spotlight some of the single oversights that could send your dreams to the bottom. We'll share key strategies to plug the gaps, ensuring your financial ship stays buoyant and on course. Tune in to protect your future from the one mistake that could...

With International Women's Day in March, it’s the perfect time to reflect on the progress women have achieved in the financial realm over the past century. Despite this, the path to retirement is not without its unique challenges for women, and it’s important to recognize the financial hurdles that they continue to face. In this episode, we’ll share some eye-opening statistics and actionable advic...

In this episode, we'll answer listener questions and explore the challenges of living on a fixed retirement income, the timing of Social Security benefits, and the complexities of managing a 401k invested heavily in company stock. We'll also tackle the emotional aspects of transitioning from saving to spending in retirement.   Important Links: Website:  https://www.cpweldegroup.com/ Call: 610-388-...

Is 'Lazy Money' still a concern in 2024's higher interest rate landscape? In this episode, we explore this question, examining how the recent rise in interest rates affects the money sitting in savings accounts, CDs, and conservative investments. We'll discuss the new dynamics of managing your funds in a world where traditional saving methods are seeing better returns. Are these options now a viab...

This episode might be a bit counterintuitive. We’re going to question the real impact of common financial habits. Are the strategies you consider beneficial actually working in your favor? We explore the pros and cons of practices like ignoring account statements and strict budgeting. Join us for a practical discussion, as we uncover the unexpected effects of everyday money decisions. Are your goo...

We’ve all heard the apocalyptic predictions about social security, the national debt and other major issues that are supposed to sink the economy. Do any of these predictions have merit in the years ahead? On this episode, we’ll try to separate sensationalism from reality.   Important Links: Website:  https://www.cpweldegroup.com/ Call: 610-388-7705   Financial Planning and Advisory Services are o...

It’s important to eventually get a comprehensive financial plan for yourself, but sometimes even just a few minor adjustments in your portfolio can make a big difference. Let’s discuss a few easy places to start…   Important Links: Website:  https://www.cpweldegroup.com/ Call: 610-388-7705   Financial Planning and Advisory Services are offered through Prosperity Capital Advisors ("PCA") an SEC reg...

We had already planned an episode about being thankful to release this month, but the taping of the show was delayed due to a little health scare for Charles. Luckily, he's back on his feet and has even more reasons to be thankful than we initially planned for. Join us for a little side-step from the financial talk as reflect on the things we're most thankful for this holiday season.   Important L...

In this episode, we'll answer a large batch of listener questions about a variety of retirement planning topics. We'll cover what to do if you're maxing out your 401k and still want to save more, how to decide if whole life or term life is the best fit for insurance decisions, what to do with an inheritance, and many additional topics.     Important Links: Website:  https://www.cpweldegroup.com/ C...

The retirement planning world is filled with plenty of advice and suggestions, but there are critical questions lurking in the shadows – the unasked, the overlooked. These are the questions that can help define the comfort and security of your retirement future. On this episode, we unearth and tackle these hidden, but essential questions about retirement.   Important Links: Website:  https://www.c...

Are we on the brink of a retirement renaissance or stormy seas ahead? On this episode, we jump into the pressing issues of Social Security, healthcare, taxes, stock market trends, and long-term care. Whether you're an eternal optimist or cautious pessimist, this episode will equip you with perspectives to plan your retirement years with confidence as we ask the longstanding question, “is the glass...

Are you over 55 and pondering retirement? Dive into the world of Required Minimum Distributions (RMDs) with us. In this episode, we demystify the reasons behind mandatory withdrawals from your retirement savings. Discover strategies to potentially avoid them and understand the risks of not preparing in advance. And for those fortunate to not rely on RMDs for income, we'll explore impactful ways to...

Losing a spouse is an unimaginably tough life event, but the financial implications can add another layer of stress to the grieving process. In this episode, we delve deep into the most common financial issues faced by widows and widowers, from dealing with income gaps to navigating tax changes as a single filer. We explore actionable strategies to address these problems, such as the importance of...

Retirement is a unique journey for each of us. The thought that there's a one-size-fits-all solution is a myth, but what if we told you there are certain universal truths that can guide every retiree? Dive deep in this episode, where we juxtapose the individuality of retirement plans with the foundational principles that remain consistent across the board.    Important Links: Website:  https://www...

In this episode, we tackle the common complaints and fears about financial situations during retirement. We'll discuss which concerns are well-founded, which are based on misconceptions, and offer insight on how retirees can best navigate their financial future.   Important Links: Website:  https://www.cpweldegroup.com/ Call: 610-388-7705   Financial Planning and Advisory Services are offered thro...

Charles breaks down a recent article that bashes the role of a Roth 401(k), even going as far to say if you're not careful, you could "lose" hundreds of thousands of dollars from your retirement savings. As a CFP and CPA, Charles is the perfect person to see through the clickbait of this article and help us reach true understanding on the matter.   You can view the Yahoo Finance article here .   I...

Whether you’re close to retirement or still far from that exciting date, it’s not uncommon to wonder when you should start preparing for each aspect of it. From figuring out the right time to be debt-free and when to adjust your portfolio risk, to deciding when to plan for your Social Security benefits or healthcare coverage, this episode guides you through the ideal timeline for each. Tune in to...

In this episode, we're diving into the income side of the retirement cash flow conversation. We'll uncover the secrets of guaranteed income versus the uncertain stuff and shed light on the consequences of retiring without a clear income plan. Don't worry if you're feeling lost - we've got your back with practical solutions and expert guidance. Tune in and take charge of your retirement cash flow!...

Get ready for a mailbag edition of Re-Engineering Your Finances. On today's show, Charles answers several questions from listeners across a wide range of retirement planning topics. From housing and mortgages to banking concerns and layoffs, we'll cover a lot of ground. Tune in and see what you can learn from these mailbag questions!   Important Links: Website:  https://www.cpweldegroup.com/ Call:...

On today's episode, Charles will outline the three most crucial retirement risks facing investors and break down how you can better prepare to overcome these challenges when you're done working. We'll cover longevity risk, sequence of return risk, and the risk of future tax increases and exposure. This topic isn't to be missed, especially if you've yet to develop a fully comprehensive financial pl...

To celebrate surpassing 100 episodes, Charles wanted to dedicate a show to the three mentors who have had the biggest impact on his financial and retirement planning career. On today's episode, you'll hear about how Nick Murray, Jason Smith & Dave Allison helped influence Charles' professional direction and learn about the broader ways they've changed the financial planning realm.   NICK'S BOO...

Have you ever wondered if the Social Security system will run out of money before you retire? Or if claiming benefits as soon as you're eligible is the best decision for your financial future? In this episode, we'll be debunking common myths about Social Security and answering the questions you've been curious about.   Important Links: Website:  https://www.cpweldegroup.com/ Call: 610-388-7705   F...

Do you feel confident that you have considered all the expenses involved in your retirement planning? Well, think again… It turns out that many retirees overlook some crucial expenses that can leave them financially vulnerable. In this episode, we explore the retirement expenses that most people tend to forget, including skyrocketing medical bills, unexpected travel costs, taxes, and much more. We...

Do you ever feel like your retirement planning goals are always moving? You're not alone. We’ve found that people often move the goalposts in their own retirement planning, often to their detriment. In this episode, we're diving deep into the psychology of retirement planning and the dangers of moving the goalposts.   Important Links: Website:  https://www.cpweldegroup.com/ Call: 610-388-7705   Fi...