Total Financial Hour Podcast

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"Courage" Speak up for yourself. Fight for your children and grandchildren. Get involved.  See omnystudio.com/listener for privacy information.

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Hr1 - Biden Administration playing with the employment numbers. Hr2 ... TEACH your kids to be financially responsible, DONT bail them out MAKE sure you investments produce income See omnystudio.com/listener for privacy information.

Hr1 - Get rich quick schemes: Pump & Dump scheme; $15-$20 billion stolen, so far this year, and how it impacts your wallet.  Hr2 - email #1 from Emma. Husband recently passed. Questioning what to do with husbands IRA and 401(k) email #2 from Sue & Bob. 32-year-old son does not have a steady job. He is an only child and will inherit everything. Can we set up a monthly income for him instead...

Hr1 - Giving money to the homeless contributes to the problem. Instead, use those dollars to give bigger tips to the hard workers. Employers cannot be an expert at their specialty and an expert wealth manager.  Hr2 - email #1 from John & Linda. Retiring in the next few months. Do we sell an inherited home or rent it out? Arif also suggested they consider purchasing a life insurance policy for...

Hr1 - TFS job is to teach you how to get out of debt, manage your money and plan for reliable retirement income. Purchase the company life insurance plan.  Hr2 - email #1-Marilyn asked how to protect their retirement accounts from being accessed by spouse with dementia. Arif suggested she add a credit card block, notify companies that a notarized form is required to make withdrawals, change all pa...

Hr1 - Accidental Death & Dismemberment Insurance - don't purchase if you qualify for regular life insurance. Everyone needs someone/something that counts on them. Everyone needs a reason to have hope. Hr2 - email #1 - Single woman with a long-time partner and no children needs $5k per month. Arif advised how to set up an account specifically as a travel account. Second account that allows her...

Hr1: What's happening with the economy?   Arif defines the   Conference Board Leading Economic Indicators - 10 Key Variables. A recession is coming. Make a budget, pay off credit card debt, work overtime if you can or get a 2nd job and have an emergency savings of 1 year/minimum 6 months.  Hr2: email #1:  Brenda and Phil are retiring in California to be near their grandchildren. They need to incre...

Hr1: Difference between tax deferred, tax free and taxable income. Seek a trust attorney to avoid probate. CDs vs Fixed Annuities/MYGA. Back door Roth IRAs. Cash value Life Insurance policies. Hr2: email #1: Michelle has a special needs son and wants to be certain he will be well taken care of when she is gone. Arif recommended a Special Needs Trust; part of a Revokable Living Trust. Seek an attor...

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Hr1: Inflation is eating up your buying power. Compare Money Market Accounts, CD, and Fixed Annuities. Be aware of fees. Crossing the white line, into retirement, there's no reason to keep running. Stop taking the same investment risks as when you were working.    Hr2: Email #1- from an Anonymous listener. 66-year-old engineer retiring soon and his wife has already retired. Children are self-relia...

HR1 - ibonds associated with inflation and the max that can be purchased; Indexed Universal Life Insurance "tax free"' - build your wealth;  HR2 - email #1: John will be laid off soon; Jill can retire but concerned about the amount of money that has been lost in her 403b. Their goal is to retire in Prescott, AZ.employees can contribute more to their 401k's in 2023email #2: Jeannette's son and daug...

HR1: Social Security cost of living increase of 8.7%. Benefits of Fixed Annuities and the catches. Record number of Californians leaving the state. California will file for bankruptcy.     HR2: email #1 - Paul & Lisa are now raising their grandchildren in their 60's. Arif advised them to pay back Social Security and postpone collecting.    email #2 - Woman (Ms. X) 59 years old never married wi...

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.