The Financial Lab

President Biden wants to raise taxes on businesses and high-income earners. But economist Diana Furchtgott-Roth tells the “ Cheddar ” financial site that the timing of this is questionable. Of course, Biden insists the tax hike would apply to only a small segment of people. Travis and David explain both scenarios (true or false) and explain how this will impact your future income, and ways to prot...

Many of us have spent 30 years achieving great things in our career and then we get towards retirement and we have that DIY mentality and think “I can do this on my own, right?" Hear David and Travis discuss why the DIY mentality is a NO GO when planning for retirement!   See omnystudio.com/listener for privacy information.

Jessica wants to know from the guys how important is it now to be proactive with our finances and also talk about hybrid insurance options that can protect you either way See omnystudio.com/listener for privacy information.

A new survey asked people what amount of money would make them feel confident to retire -  73% said $1 mil, 25% said there is no number that would make me feel good about it! Hear how David and Travis can create a customized income plan that will give you confidence to get to and through retirement!   See omnystudio.com/listener for privacy information.

A report based on studies by the RAND Corporation concludes that a typical 67-year-old woman today is as healthy as her mother was at the age of 60.  In other words, we’re living longer because we’re healthier !  That’s great news … if we have the money to actually enjoy those extra years.  That’s where David and Travis come in – how can we stretch our savings to last us through what will likely b...

David and Travis discuss a new proposal from The Center for Retirement Research suggest wanting 401(k) plan administrators to start automatically sending out monthly payments to retirees in their 60s in the hope that would encourage those people to delay claiming Social Security.    See omnystudio.com/listener for privacy information.

When you think of life insurance, you think of it as protection for your family if something should happen to you, right? Get this -  financial magazine Barron’s says there are ways to use a whole life policy to bolster your retirement portfolio.  Hear David and Travis explain this strategy and find out if it could be a fit for you!  See omnystudio.com/listener for privacy information.

Kiplinger says one of the reasons people buy annuities is that they help take away some of the worry about affording retirement. David and Travis discuss the pro's and cons of annuities and if this could be a fit for YOU.        See omnystudio.com/listener for privacy information.

As 2020 starts to come to a close, what end-of-year planning should you be doing NOW?  Then, it was one of the most talked about topics during the 2020 election - TAXES. What can we do now to prepare for big tax changes headed our way in 2021?   See omnystudio.com/listener for privacy information.

Christmas has come and gone and we are just days away from ringing in 2021!   Hear why one couple said Covid was one of the best things that happened to them in 2020. What is your plan for retirement, how will you fill the day? Travis and David share incredible client stories that will have you laughing with envy!  There are some big tax changes coming our way - are you prepared ? Find out how the...

Do people ever describe you as a “creative” type?  Unfortunately, researchers at Texas Tech University say that means you’re likely to go through your retirement savings more quickly than someone who’s not creative.  On the other hand, people who are “conscientious” supposedly spend down their nest egg at a much slower rate.  Who knows – maybe personality traits can tell us something about our fin...

Caught up with the father/son team David and Travis and got the behind the scenes story of David's latest injury. A lot of people – especially guys – hate  going to the doctor.  And because of that, they ignore  warning signs that something might be wrong.  That happened earlier this year with personal finance author Suze Orman. Hear her thoughts on managing your health and your wealth after she h...

After checking in on the progress of the Shepherd family Christmas shopping, we discuss a financial topic that irritates everyone: Fees! -Yes. There’s a cost of doing business, but most of us try to find the best value for our dollars. David & Travis explain why it shouldn’t be any different with your investments, and how they helped a family (one they’ve worked with for 3 generations) discover so...

The election was so polarizing that you likely didn’t hear about the new legislation proposed in Congress and how it could impact your portfolio. That’s why on this episode, David and Travis simplify the “Securing a Strong Retirement Act of 2020” and how it could affect your portfolio and RMD (required minimum distribution) plan. Spoiler Alert: It’s positive news for many retirees! Plus, they shar...

We’re all waiting to see who will be elected November 3rd. Donald Trump and Joe Biden have made it clear that they have drastically different ideas about taxes, and those differences could affect our individual bottom line. But how will wall street react to the election results? Should we be nervous about what the market will do over the coming weeks? Listen as Travis spotlights the facts we shoul...

After hearing how Country Music’s funny man Brad Paisley approaches the future with his family, David and Travis tell two real life stories that confirm why your portfolio isn’t just about money. It needs to be diversified in a way that allows you to have quality time and experiences with your family. Listen to find out how giving your money purpose can help you focus on the RIGHT goals, and ultim...

October 19th, 1987 is known as Black Monday because that’s the day the Dow lost over one-fifth of its total value, the largest single-day decline in trading history. That plunge was not broken until the recent pandemic-driven selloffs in March. David and Travis spotlight what we’ve hopefully learned since then, and what to consider with your own portfolio, even when it comes to taxes. See omnystud...

Almost every aspect of 2020 has been abnormal, including politics! We all have our own opinions about how we’d like to see things play out November 3rd… But most of us feel a little  anxiety about how the results may impact taxes, wall street and our day to day lives on main street. While David takes care of some recent hurricane damage to the family home, Travis breaks down how they’re helping cl...