Shows
Uncommon SenseA "First Class" CPA: A Conversation with Dave Doneleshen CPAIt's another episode in our series featuring members of the first-ever class of Alberta graduates from the CPA program following the unification of the accounting profession in Canada 10 years ago. In this episode, we chat with Dave Doneleshen CPA, another member of that historic class. Dave chats with host Erin Schwartz about what it was like to be part of that inaugural class of Alberta CPAs as well as his career path since crossing the CPA convocation stage in February 2015. He also fills listeners in on his current role as Associate Director of Agriculture and Agribusiness with the BMO Financial...
2025-03-1825 min
The Retirement Risk ShowThe Necessity of a Thorough Financial Blueprint for RetirementAs the New Year approaches, Dave brings back on Brian Britt to tackle essential year-end financial strategies to bolster retirement plans. In this episode offers a wealth of information and practical advice for those looking to assess their financial fitness and ensure their retirement roadmap is on point.Throughout the conversation, Dave and Brian explore key areas such as managing holiday expenses, setting realistic financial goals, and the importance of maintaining a detailed roadmap for retirement. Brian underscores the significance of having a clear plan, noting that people often lose their initial enthusiasm and drift away from...
2024-12-2731 minThe Retirement Risk ShowManaging Retirement Risks: A Legacy & Lifestyle ApproachOn this exclusive episode, Dave is diving into key topics that can make or break your retirement experience. He shares insights on how to optimize Social Security benefits, manage tax liabilities, and navigate those unpredictable market swings that can impact your portfolio. He also breaks down the importance of establishing a safe withdrawal rate to ensure your funds last as long as you do.But that’s not all. Dave tackles some of the big concerns, too—like planning for long-term care, dealing with inflation, and understanding why having multiple streams of income is crucial. Expec...
2024-12-1329 minThe Retirement Risk ShowThe Numbers Are in for 2025: Social Security and MedicareThis episode is a real treat--packed with foundational information for your 2025 retirement planning! Dave brings back Alisha Wright, and they delve deep into the pivotal Social Security and retirement planning aspects that every listener should know. The discussion starts with an exploration of the earnings test and how surpassing specified income thresholds can reduce benefits for the individual and their spouse and children. They shed light on the distinction between earned and passive income and why it's crucial to understand both when planning for retirement.Alisha and Dave also address the independence of retirement decisions...
2024-11-2931 minThe Retirement Risk ShowThe 2024 Election, Rome, and Your RetirementA special episode for you here... Dave Hall takes on the formidable financial challenges that retirees and those on the brink of retirement must navigate. Dave offers a serious analysis of the United States' fiscal health, advocating for sweeping reforms, such as significant cuts in government spending, the establishment of a Statutory Fiscal Sustainability Commission, and the introduction of a Federal Fiscal Responsibility Amendment. Discussions extend to potential wage adjustments in sectors like hospitality, the fraught debate over Social Security taxation, and the critical need for accountability in military and border security expenditures.Against the b...
2024-11-1536 minThe Retirement Risk ShowAn In-Depth Examination of Medicare RiskIn this episode, Dave addresses one of the most critical and complex elements of retirement planning: Medicare-- delving into the intricacies of Medicare Advantage plans under Part C, understanding the distinct differences between Parts A, B, and D, and recognizing the severe financial implications of missing key enrollment deadlines.The episode will discuss why nearly half of Americans turn to Medicare Advantage plans and emphasize the importance of consulting a Medicare broker to navigate this complicated landscape. With open enrollment currently underway and significant changes on the horizon, including a cap on Part D out-of-pocket expenses in 2025...
2024-11-0125 min
The Retirement Risk ShowElder Care Planning: The Complete Picture for Retirement Part 2Welcome to another episode of The Retirement Risk Show! Hosted by Dave Hall, he brings back Alisha Wright to finish this duology that delves into essential strategies for securing a comfortable and risk-free retirement. In today's episode, Dave and Alisha turn their attention to the often-overlooked issue of cognitive decline and its impact on retirement planning.Listeners will learn about the risks of cognitive decline, including repetitive charitable donations and financial exploitation by family members. They emphasize the importance of early planning to manage finances and healthcare in the later stages of life. Alisha Wright offers valuable...
2024-10-0430 min
The Retirement Risk ShowElder Care Planning: The Complete Picture for Retirement Part 1Dave Hall and Alisha Wright delve into the pressing issue of elder care planning in retirement. It is a critical area that needs strategic financial planning to prevent running out of retirement funds.They emphasize maximizing Social Security benefits and considering annuities for a stable income. The discussion also highlights elder financial abuse and the importance of protective measures against exploitation.Dave and Alisha provide essential insights on elder care planning, covering healthcare considerations, home adjustments for aging, and the necessity of healthcare directives. This episode offers valuable strategies to manage financial, health, legal, and...
2024-09-2030 min
The Retirement Risk ShowYour Retirement Toolbox: Navigating IRAs, 401Ks, and Self-Directed Retirement AccountsIn this episode, you are treated to a deep dive into the complexities of retirement planning. This episode is especially critical for those who are nearing the final stretch of their careers and looking to maximize their retirement contributions over the last decade.Dave methodically breaks down the array of retirement accounts available, from traditional IRAs and Roth IRAs to 401Ks and the increasingly popular Solo 401Ks. The episode sheds light on how Solo 401Ks present a simpler and more cost-effective option for self-employed individuals, allowing for significant management flexibility.Key discussion points...
2024-08-2329 min
The Retirement Risk ShowRequired Minimum Distributions: Key Considerations for Retirement AccountsDave explains what RMDs are, why they matter, and how recent changes in the law have affected when retirees must start taking these distributions from their tax-deferred retirement accounts.Throughout the episode, Dave covers various strategies to manage RMDs effectively, such as drawing down accounts early, doing Roth conversions, continuing to work, donating to charity, and using qualified longevity annuity contracts. He also clarifies common misconceptions about RMDs, like the belief that distributions must be taken from each account separately.Dave emphasizes the importance of holistic retirement planning that considers taxes, estate planning, charitable giving...
2024-08-0924 min
The Retirement Risk ShowUtilizing Trusts to Control Asset Distribution and Minimize TaxesIn this week's episode, Dave delves into the critical role of trusts in estate planning. Trusts help control asset transfers, limit taxes, and prevent family disputes. They are essential for prenuptial planning, protecting assets for biological children in second marriages, and planning for incapacity with financial power of attorney.Dave illustrates the benefits of trusts through personal anecdotes, highlighting the importance of manageable trust structures. The episode also covers the advantages of life insurance trusts, umbrella insurance policies, and the risks of reckless asset transfers.For those interested in charitable giving, Dave explores options like...
2024-07-2633 min
The Retirement Risk ShowManaging Your Gain: A Guide to Inherited IRAsDave Hall explains the intricacies of setting up beneficiaries for your retirement accounts, including the importance of careful planning to avoid tax problems and family disputes.Dave highlights real-life examples where poor planning led to unnecessary legal fees and strained family relationships, emphasizing the need for regularly updated beneficiary forms. He offers insights into the specific rules and benefits for various types of beneficiaries under the Secure Act, such as the advantages spouses have compared to other inheritors and the ten-year window rule for non-eligible beneficiaries like children and grandchildren.You'll also hear about the...
2024-07-1226 min
The Retirement Risk ShowFrom Tax Cuts to Rising Rates: The Economic TightropeDave Hall sits down with the best-selling author of "The Power of Zero", David McKnight, to tackle some of the most pressing financial challenges facing Americans today. Together, they dive deep into the potential impacts of rising tax rates proposed by figures like Joe Biden and the crucial need for revenue increases paired with reduced spending—a nod to Reagan-era strategies. They explore major legislative proposals such as "Build Back Better" and the Inflation Reduction Act, expressing concerns about their contributions to national debt without adequate fiscal restraint.David McKnight emphasizes the finite window of opportunity to le...
2024-06-2835 minThe Retirement Risk ShowThe Strategic Role of Insurance in Retirement Risk MitigationIn this serious and informative installment, Dave Hall and Retirement Risk Advisor Brian Britt delve into the intricate world of retirement planning, focusing on the comparative safety and potential returns of insurance policies versus the stock market. Brian Britt provides expert analysis on how cash value life insurance policies offer a unique guarantee from insurance companies, often proving safer than traditional banking methods.The episode explores essential topics, including the rising costs of long-term care, the evolution of annuities and life insurance products over the past 25 years, and the critical role of permanent life insurance in modern...
2024-05-3134 min
The Retirement Risk ShowFrom Expenses to Income: Your Informed Retirement Planning GuideIn this episode, Dave explores the importance of outlining significant future expenditures and mapping out financial needs for the next 10 to 20 years. The discussion highlights the necessity of diversifying income sources, including Social Security, pensions, rentals, and investments, to mitigate financial risks.Tax planning is a key topic, with insights on minimizing future tax burdens through strategies like Roth conversions. The episode also covers the benefits of Health Savings Accounts (HSAs) for tax-free healthcare expenses during retirement and the process of selecting appropriate Medicare options.Debt management is another critical focus. Dave emphasizes the importance...
2024-05-1727 min
The Retirement Risk ShowManaging Retirement Risk: The Importance of Withdrawal RatesToday, we're tackling an especially important topic for anyone thinking about retirement: how much can you safely withdraw from your savings each year without the fear of running out? It's a hot debate and Dave is here to guide us through the conservative versus aggressive withdrawal strategies, their risks, and their benefits.We're also diving into the stir caused by Dave Ramsey's recent comments advocating for an 8% withdrawal rate, which has sparked a lot of controversy in the financial community. Dave Hall will explain the different perspectives, including the nitty-gritty of Monte Carlo simulations and how they...
2024-05-0329 min
The Retirement Risk ShowHow to Recognize and Avoid Emerging Elder Financial ExploitationDave says in this week's episode: "And for some [elders and retirees], it's a time of great loneliness. You've gotten to a point where maybe your whole working career, you were in an office or an environment where you were around people all the time, and now you're home, and all of a sudden those people aren't there every day." Join Dave as he breaks down an eye-opening article from the AARP bulletin for April 2024—Fraud 2024. Scammers are more cunning than ever; leveraging advanced technology and artificial intelligence, they are targeting our seniors in new and sophisticated way...
2024-04-1927 min
The Retirement Risk ShowWork Credits & Social Security: How They Work with Alisha WrightIn this episode, Dave brings to light the daunting reality of retirement — a period that could span decades, and highlights the essential resources available on retirementriskadvisors.com, designed to help you navigate retirement risks. As the episode unfolds, Dave and Alisha explore one of the top financial risks retirees face: Social Security. They discuss why the system seems shrouded in complexity, making it challenging for the average person to make well-informed decisions about their benefits.Alisha, a junior advisor and expert in the field, shares insights on work credits — the essential currency for qualifying for Social Security. She...
2024-04-0525 min
The Retirement Risk ShowSmart Tax Solutions for RetirementDave Hall delves into the critical topic of tax rate risk in retirement. With over 30 years of tax expertise, he breaks down the various taxes retirees may face, from federal and state taxes to capital gains, net investment tax, and more. Dave emphasizes the importance of strategic tax planning, including Roth conversions, Social Security taxation, and the impact of charitable contributions on retirement income. His insights provide listeners with essential knowledge to navigate the complex landscape of taxes during retirement, ultimately helping them achieve financial security and peace of mind in their golden years.Episode Themes: 1. R...
2024-03-0817 min
The Retirement Risk ShowExploring Affordability and Future Retirement ImpactsDave Hall dives into the evolving landscape of middle-class life and the potential challenges on the horizon. Referencing an article by Cindy Lamoth in Yahoo Finance, Dave examines 7 things that the middle class has historically enjoyed but may soon find unaffordable. From extended family trips to new cars, private school tuition, and health care costs, the episode sheds light on the financial strains that many families may face and how it can impact your retirement planning.Dave emphasizes the importance of risk-based retirement planning and offers insight into how to navigate these potential challenges. Tune in for...
2024-03-0117 min
The Retirement Risk ShowMedicare's Financial Stability: Proposed Revenue Generators and Cost ReducersDave states, "This program that we call Medicare is far too important to the overall economic health of our country and to making sure retirees are able to maintain steady lifestyles in retirement, that we do expect adjustments to be made."So, what does that mean for your retirement and your Medicare enrollment and benefits? In this episode Dave Hall shares valuable insights into the challenges facing the Medicare program's financial stability and explores potential solutions to address these issues. He breaks down some interesting proposals aimed at generating revenue and reducing costs...
2024-02-2319 min
The Retirement Risk ShowTailoring a Risk-Based Retirement Plan to YouDave Hall and Christine Lee are here to dive deep into the world of retirement planning. They'll be unpacking the fascinating origins of Retirement Risk Advisors (RRA) and shedding light on the importance of tailoring risk-based retirement plans to suit each individual's unique needs and goals. You'll get to hear firsthand stories from Dave about how RRA came to be, along with insights into the dedicated team that makes it all happen.But that's not all – they'll also be sharing their thoughts on the significance of having a retirement protection plan in place. Key Takeaways: ...
2024-01-1226 min
The Retirement Risk ShowRetirement Risk Planning: A Three-Dimensional Approach for an Efficient RetirementIn this episode, host Dave Hall discusses the various dimensions of risk planning in retirement and how it differs from the traditional approach taken by many financial advisors. He introduces the three-dimensional approach to retirement planning and the importance of matching an individual's attitude, capacity, and tolerance to risk with appropriate financial solutions. The episode delves into the RISA Metrics, which analyzes four key quadrants to assess an individual's retirement income style awareness. Additionally, Dave explores the implementation preferences that impact how individuals interact with their financial advisors. The episode offers valuable insights into creating a customized retirement plan...
2023-12-1526 min
The Retirement Risk ShowEight Year-End Retirement Planning StrategiesMaking the most of the last month of 2023 is ESSENTIAL to the success of your retirement! In this episode, Dave Hall, delves into eight essential year-end planning strategies to help you ensure that your retirement is on-track and optimized for success. From reviewing and updating your retirement plan to maximizing contributions and managing tax implications, Dave covers the key actions you need to take before the year comes to a close. Whether it's rebalancing your portfolio or evaluating employee benefits, this episode provides a comprehensive guide to make the most of your financial situation as you approach t...
2023-12-0118 min
The Retirement Risk ShowMarket Risks: How They're Different When Retirement Planning with Brian BrittWelcome back to another episode of the Retirement Risk Show with your host, Dave Hall. In today's episode, Dave is joined by his partner and good friend, Brian Britt, to discuss withdrawal rate risk. They dive into the misconception of high withdrawal rates and the importance of understanding sequence of return risk. They also explore strategies to mitigate these risks and maximize your retirement income. So sit back, relax, and get ready to learn how to safely navigate through your retirement years! Key Takeaways: 1. Market risks in retirement are different from working years as retirees...
2023-11-1727 min
The Retirement Risk ShowThe Truth About Annuities: Separating Fact from FictionIn this episode, Dave shares his frustration with misinformation in the financial industry. He specifically addresses some questionable claims made by Ken Fisher about annuities. While Fisher has built a successful business and gained many clients, Dave disagrees with his negative stance on annuities. Dave believes that annuities can play a crucial role in securing a safe and secure retirement, especially in the face of the challenges posed by longer lifespans and market volatility. Throughout the episode, Dave delves into the inaccuracies and generalizations made about annuities, emphasizing the importance of considering individual needs and goals when evaluating...
2023-11-0323 min
The Retirement Risk ShowArchitecting a Risk-Resilient Retirement Plan with Brian BrittBuilding a secure retirement is not an overnight process, and it is of the utmost importance to consider the financial risks you will face. So, in this episode, Dave is joined by Retirement Risk Advisors Partner, Brian Britt. Together, they delve into the world of retirement planning, discussing the risks and challenges that individuals face as they navigate their golden years.Dave and Brian share their experiences and insights as they compare retirement planning to the process of remodeling a home. They highlight the importance of taking a comprehensive, risk-based approach to retirement planning rather...
2023-10-2721 min
The Retirement Risk ShowSocial Security Updates and Retirement Considerations with Marc Kiner and Jim BlairIn today's episode, our host Dave Hall is joined by respected experts Marc Kiner and Jim Blair. These knowledgeable professionals have dedicated themselves to educating CPAs and clients on the intricacies of Social Security and its integration into retirement planning.In this episode, Dave and his guests delve into recent updates and answer pressing questions about Social Security. They discuss the latest figures and adjustments, including the recent Cola increase of 3.2%, which may not have met some expectations. They also shed light on the Social Security wage base, annual earnings figures, and the income thresholds for different...
2023-10-2028 min
The Retirement Risk ShowExploring the Expectations and Responsibilities of Your Retirement AdvisorIn this episode, Dave discusses what you should expect from your financial advisor. He emphasizes the importance of finding a fiduciary who prioritizes your needs and provides the best products and services for your retirement. Dave also highlights the significance of setting realistic financial goals and the need for customized services tailored to your individual preferences. Lastly, he emphasizes the importance of understanding the details of your financial plan and ensuring that your advisor asks the right questions to meet your retirement goals. Tune in to this episode to gain valuable insights on selecting the right advisor and planning...
2023-10-1317 min
The Retirement Risk ShowWhy Reverse Mortgages Are a Strategic Retirement Tool with Steve ReschIn this episode of RRS, host Dave Hall delves into the often misunderstood realm of reverse mortgages. Joined by expert Steve Resch, Vice President of Retirement Strategies for Finance of America Reverse, they discuss how it can be a valuable tool for securing a comfortable retirement. With a passion for educating others on the benefits of reverse mortgages, Steve shares his personal journey and the reasons why he founded this segment of his business. Together, Dave and Steve shed light on the misconceptions surrounding reverse mortgages and provide insights into who can benefit from incorporating home equity into their...
2023-10-0625 min
The Retirement Risk ShowMaking Sense of Medicare RiskMuch like Social Security, there is more to Medicare than meets the eye. And as part of the crucial groundwork to so many retirements, it is essential to understand the ins and outs of the program. In today's episode, Dave dives into the topic of Medicare risks. He explains the importance of understanding the different parts of Medicare and how they interact with each other, as well as the consequences of not signing up for the right benefits. Dave breaks down the basics of traditional Medicare, including Part A and Part B. He emphasizes the potential out-of-pocket c...
2023-09-1517 min
The Retirement Risk ShowInsights on Sequence of Return Risk and Inflation Protection with Paul ObendorfIn this episode, Dave Hall is joined by his partner Paul Obendorf to discuss two important retirement risks: sequence of return risk and inflation risk. They delve into the impact of sequence of return risk on retirees' portfolios, highlighting how retiring during market upswings versus downturns can drastically affect retirement experiences. But fear not, they also provide strategies to mitigate this risk! Plus, they explore the importance of generating income throughout retirement and how it can boost retirees' comfort levels. Tune in to learn how to minimize risks and make the most of your retirement years on this informative...
2023-09-0825 min
The Retirement Risk ShowA Closer Look at Sequence of Return Risk and Its Implications with Brian BrittIn today's episode, host Dave Hall is joined by RRA expert partner Brian Britt to discuss an important topic: sequence of return risk in retirement. As they delve into this subject, they shed light on how this concept has evolved over the years and why it is becoming increasingly important in retirement planning. Dave and Brian draw from their decades of experience in the industry to analyze the impact of market downturns and share strategies to navigate this risk. Plus, they discuss the historical context of retirement planning, highlighting the shifts they have witnessed throughout their careers. So, if...
2023-09-0127 min
The Retirement Risk ShowSolutions for the Market Volatility Facing Your RetirementIn this episode of the Retirement Risk Show, Dave Hall dives into the topic of sequence of return risk. But before getting into the details, he shares some eye-opening statistics from the 2023 BlackRock Read on Retirement Report. The report highlights the challenges faced by Americans when it comes to saving for retirement, with many falling short of the recommended savings levels. Dave discusses the impact of a lack of retirement income, recession fears, high inflation, and increased market volatility on people's confidence in their retirement plans. Tune in to learn how understanding and managing sequence of return risk can help...
2023-08-2520 min
The Retirement Risk ShowNavigating Long-Term Care Risk and Protecting Your Family's Future with Alecia BarnetteWelcome to the RRS podcast, where we dive deep into the world of retirement planning and risk management. In today's episode, host Dave Hall is joined by special guest Alecia Barnette, VP of Care Planning for Financial Independence Group. Together, they explore the challenges and solutions of long-term care planning. From the two main ways to mitigate risk to the significant changes in the industry over the past 20 years, Dave and Alecia offer valuable insights into protecting your loved ones and keeping your family together. So grab a snack and a notepad, sit back, and get ready for an...
2023-08-1122 min
The Retirement Risk ShowHow Legacy Planning Reduces Retirement Risks with Jon BraddockIn this episode of RRS, host Dave Hall discusses the importance of organizing personal information and end-of-life planning. Joined by guest Jon Braddock, co-founder of My Life and Wishes, they dive into the challenges that arise when navigating important decisions after a loved one's passing. They explore the benefits of utilizing a secure digital platform to store documents, preferences, and wishes, making it easier for family members to access crucial information during difficult times. Tune in as Dave and John provide valuable insights and practical solutions for a smoother retirement transition and peace of mind for the f...
2023-08-0426 min
The Retirement Risk Show15 Reasons Why People Run Out of Money in Retirement: Part 1On this episode of RRS, Dave Hall discusses the reasons why people run out of money in retirement. He emphasizes the importance of having a budget item for a significant gap in health savings accounts and encourages taking action to reduce or eliminate retirement risks. Dave highlights the shift from employer-funded retirement to employee-funded retirement as one of the reasons for the retirement crisis. Also, Dave stresses the importance of planning for a longer retirement period, as life expectancy increases, and not running out of money. He discusses the impact of having children and the significance of sequence of...
2023-07-0729 min
The Retirement Risk ShowHow Annuities Provide Security in Retirement with Paul ObendorfIn this episode of The Retirement Risk Show, Dave Hall and Paul Obendorf dive into the topic of fixed indexed annuities. They discuss how fixed indexed annuities have evolved over the years, offering better index options, increased income options, and the ability to convert them to Roth Annuities. They highlight the benefits of fixed indexed annuities in retirement, such as downside protection, potential for growth, and tax-free lifetime income. They also explain why fixed indexed annuities have become a popular choice for retirees, providing a balanced approach between safety and returns.Key topics covered: Importance of i...
2023-06-3025 min
The Retirement Risk ShowHow to Create a Retirement Plan that Accounts for Income Diversity with Brian BrittOn this episode of RRS, host Dave Hall invites Brian Britt to discuss the topic of income diversity in retirement planning. They cover several issues from the history of diversification, managing risk in retirement, the importance of income diversity, to proper retirement planning for a sustainable and comfortable retirement. They also discuss principal protected products such as annuities and permanent life insurance, which is useful in mitigating stock market volatility and creating additional income streams. Key Topics Covered: Definition of lack of income diversity riskThe importance of planning for and needing various income streams in retirementMethods to...
2023-06-2324 min
The Retirement Risk ShowEvaluate Your Expenses Now to Help Prepare for Income Needs in RetirementA great place to begin when planning for retirement is understanding your expenses and budget to make sure your income meets those needs. This is especially true when retirement is oftentimes a period where you're on a fixed income. On this episode of RRS, the Retirement Risk Show, Dave Hall stresses the importance of preparing for retirement and the potential risks that come with it. He shares insights about the ten risks that can arise during retirement, including lack of income diversity. Dave advises creating a budget and managing expenses, getting out of debt before retirement, and p...
2023-06-1616 min
The Retirement Risk ShowRetirement Income Guarantee with a Roth AnnuityWhat can you do about guaranteeing retirement income? In today's society retirement needs more than tax-deferred accounts and Social Security. Having this traditional setup only promotes risk exposure, especially to a lack of income diversity. More consideration needs to be given to income streams for your retirement so you aren't part of the ever-growing number of Americans who go broke in retirement. So this week Dave talks about Roth annuities as an option to reduce the challenges having a lack of income diversification!During this week's episode you will learn about: What a R...
2023-06-0913 min
The Retirement Risk ShowIt's All About Income in Retirement: Eliminating Lack of Income Diversity RiskThere is a lot to consider when planning for retirement. But an overseen and costly risk is the lack of income diversity. Far too often retirees have their taxable or tax-deferred buckets too full and not enough in tax-free. On this episode of RRS, Dave discusses the top 5 tax-free sources of income for retirement. He covers how retirees will need 65-80% of their pre-retirement income to maintain their lifestyle and how they will lose deductions for children, education, and tax-deferred accounts. Listeners will learn about how to structure income tax-free by following certain laws and rules and t...
2023-06-0223 min
The Retirement Risk ShowFinding Solutions for Social Security Without Tax Hikes with Russell Gloor"There is no question that Social Security must be reformed to come to grips with today's reality." - Russell GloorOn this episode of the Retirement Risk Show, Dave Hall invites Russell Gloor to discuss the hot topic of Social Security. Russell shares his experience working for the nonprofit affiliate of the Association of Mature American Citizens, the AMAC Foundation, and their Social Security advisory service that fields about 8000 questions per year. Dave and Russell discuss the myths and misunderstandings about Social Security, and how the program is being impacted by demographic and life expectancy changes. They a...
2023-05-2622 min
The Retirement Risk ShowSocial Security Shortfalls, Stability, and Solutions with Nancy AltmanOn Wednesday, August 14, 1935, Franklin D. Roosevelt signed the Social Security Act into law, the inception of the program 96% of Americans rely on today as a staple of their retirements. This week Dave brings on Nancy Altman, President of Social Security Works and a woman who has worked with Social Security reform and laws since 1978. Nancy brings her hands on experience within the program from Capitol Hill to talk with Dave about the history of the program and the solutions that can help make the program last.During this week's episode you will learn: The hi...
2023-05-1225 min
The Retirement Risk ShowReasons Why Retirees Claim Social Security at 62 and The Consequences of Doing SoEver wonder what impact claiming your Social Security benefits at an early age would have on your retirement plan? Ever wonder if claiming your benefits at 62 is the best option for you? Ever wonder why a chunk of people claim their benefits right when they are eligible to? Or wonder about the consequences of doing so? This week Dave provides detailed answers to those questions! Dave discusses two reports from the RAND Corporation that focused on the reasons why people claim their benefits so early and the consequences that may arise from claiming them so ea...
2023-05-0529 min
The Retirement Risk ShowGetting You to A Tax-Free Retirement with David McKnightTaxes--a topic many people don't give much thought to when retirement planning. But you have to plan for tax rate risk when you are piecing together your retirement portfolio and plan. If not, your retirement is bound to be impacted by what experts predict to be double what tax rates are now. Instead of paying the lower taxes of today, you could be paying more on your hard-earned and saved money. To break down tax rate risk and its impact on your retirement, this week Dave brings on David McKnight, Power of Zero founder and be...
2023-03-1722 min
The Retirement Risk ShowVehicles & Strategies to Mitigate Your Financial Risks in Retirement at FIG's Annual Sales SymposiumWith the biggest fear for retirement being the fear of running out of money, the old traditional paradigm of retirement planning exposes more retirees to financial risk than ever before. A new, risk-based approach is what will make your retirement money last!And this week Dave Hall interviews professionals within the FIG network at the FIG Annual Sales Symposium about strategies, vehicles, and products that can help address, reduce, and eliminate the risks facing your retirement. During this week's mini-interview series with Dave you will learn: strategies that will help your funds last throughout re...
2023-02-2430 min
The Retirement Risk ShowLate-Life Divorce: Its Impacts on You & Your Retirement with Meredith ShireyWhen it comes to late-life relationships and even divorce, Meredith Shirey states, "The goal needs to be understanding, not winning." A lot can change over a lifetime, especially as our population lives longer. After child-rearing and/or the working years, retirees are faced with a new challenge: more free time, more time at home, and having more time with their significant other. Dave Hall brings in family and marriage counselor, Meredith Shirey, this week to discuss the impacts and trends of divorce in aging adults. Not only does it influence your personal life, but can impact your s...
2023-01-2727 min
The Retirement Risk ShowU.S. Policy, Deficit, and Taxes: The Impact on Retirements and Future Generations with David M. WalkerIn an era of uncertain, unprecedented times, the American fiscal irresponsibility causes many issues for today’s generations, the future generations, and their retirements. The math doesn’t add up when you look at U.S. spending. This will have drastic impact not only on our country, but globally and even within the walls of your home. This week Dave Hall hosts Former Comptroller General of the United States David M. Walker to discuss America’s fiscal state, our national debt and deficit, taxes, and solutions he believes may help address these issues today with a long...
2023-01-2027 min
The Retirement Risk ShowHow the Secure 2.0 Act Changes the Landscape of RetirementAt the end of 2022 the U.S. Congress passed updates and changes to the Secure 2.0 Act that will impact the landscape of the retirement planning. Since the bill was signed into law by President Joe Biden many of the changes went into effect immediately beginning the first day of 2023. This week Dave Hall dedicates an episode to discussing the updates and changes that will help your retirement planning and saving. While there are over 92 changes within the Secure 2.0 Act, Dave dives into the major key changes that impacts many greatly. During this episode you will lea...
2023-01-0622 min
The Retirement Risk ShowYour Money, Your Legacy: Preparing for After You're Gone with Jon BraddockHave you considered what your loved ones will need to handle after you pass? Do you have a will in place, trusts, your life and wishes written down somewhere? Preparing for retirement also means planning for end-of-life wants and needs. This week Dave brings on end-of-life expert Jon Braddock, co-founder of My Life & Wishes to discuss the importance of making your passing easier on your loved ones and what you can do to prepare for that. While it may be daunting to you, it is important to understand that preparing for death is as important as preparing f...
2022-12-2327 min
The Retirement Risk ShowRetirement Is More Than an Event, It’s a Process with Patrice Jenkins, PhDLife not some linear experience. It is a multitude of chapters, and retirement should be treated as so. Retirement is not a one-time event, but a process that you need to plan for, that you need to think about long-term. This week Dave talks with Dr. Patrice Jenkins, organizational psychologist, speaker, and founder of Day One Dreams on celebrating and preparing for retirement. Asking the question, "What do you want to make yourself available to?" Patrice addresses retirement heads on with making the most of it and helping yourself transition into the difficulty that retirement may be. S...
2022-12-1623 min
The Retirement Risk ShowSocial Security & Medicare: What 2023 Has in Store2023 is creeping up on us fast. And with this new year approaching and new goals in mind, an essential part to your retirement planning should include understanding the changes Social Security and Medicare will undergo come January 1st, 2023. This week Dave talks about these changes to Social Security and Medicare in detail. Not only will you know what changes are being made, but how they will impact you now and years down the road especially as you get into retirement. During this episode you will learn: · About the 2023 changes to Social Security· ...
2022-12-0921 min
The Retirement Risk ShowYour Mental Wellbeing is Impacting Your Spending and Budgeting for Retirement with Shang SaavedraYour mental and psychological wellbeing influences your budgeting and spending tendencies more than you know. And whether you are ten years out or a year out from retirement, understanding the why and how of your spending and saving habits will help build your retirement savings. Even if you are in retirement budgeting and saving on expenses is always helpful! This week Dave hosts Shang, founder of Save My Cents. As a personal finance coach, Shang teaches about the role your mental wellbeing and needs influence your personal finance journey. She and Dave dive into ways to understand t...
2022-12-0227 minThe Retirement Risk ShowAll About Reverse Mortgages with Harlan AccolaWhen it comes to retirement planning, there are many products and strategies. The beauty of options is there is no one-size fits all. What matters is getting safely through retirement, having your assets last as long as you do and having retirement risks reduced. And one method to reduce those risks is a reverse mortgage. Dave Hall hosts Harlan Accola, National Reverse Mortgage Director for FAIRWAY Independent Mortgage Corporation, to discuss how much of a staple a reverse mortgage can be when retirement planning. This week dive deeper into reverse mortgages by learning: benefits of...
2022-11-2529 min
The Retirement Risk ShowTen Things to Do Before the Year's End to Help Get You to a Risk-Free RetirementThere are two questions Dave loves to know your answer to: What do you want your money to do while you are alive? What do you want your money to do after you are gone? Your answers impact and help Dave determine how to help plan for retirement. This week's episode of The Retirement Risk Show is a special treat. Dave breaks down ten methods you can begin doing today to begin the journey to a risk-free retirement. During this episode you will learn: Strategies to overcome inflation and interest rate risk The importance of...
2022-11-1816 min
The Retirement Risk ShowMaking Your Forever Home Safe and Accessible with Lynda ShragerMore and more retirees want to age in their home. However, homes are not always equipped for the safety and accessibility you will need in those later years. With 40 years of experience in the field and a certified Aging in Place Specialist, this week occupational therapist Lynda Shrager joins Dave to discuss the importance of preparation to aging in place and just how exactly you can do that. On this episode of the Retirement Risk Show you will learn: Tips and tricks to make your home safer and more accessible When you should begin preparing yo...
2022-11-1128 min
The Retirement Risk ShowMore Than the Basics: Self-Directed IRAs with Mat SorensenThis week Dave jumps into a retirement strategy that is not for everyone but is a great opportunity. Mat Sorensen, CEO of Directed IRA, joins Dave in this episode to discuss the ins and outs of self-directed IRAs. During this episode you will learn more than the basics on: various self-directed IRAsinvestment and growth opportunitiesqualifications and limitations of self-directed IRAsrollover potential from other retirement accounts into self-directed IRAsFor even more information on self-directed IRAs and Mat Sorensen's book, visit https://matsorensen.com/ You can listen to Mat Sorensen's podcast here: https://directedira.com/pod...
2022-11-0426 min
The Retirement Risk ShowEmbracing Being an Aging Adult with Dr. Mary FlettWith retirement comes being an aging adult and there is so much more to retirement than kicking back and letting nature take its course. Beyond financial risks, retirement brings on mental and social challenges as well. There is still so much to be given. Retirement could be a new lease on life. On this episode, Dave discusses embracing aging with Dr. Mary Flett, founder of the Five Pillars of Aging and an aging adult herself, to discuss the social, mental, and psychological means and transitions you will experience in retirement. In this episode you will le...
2022-10-2825 min
The Retirement Risk ShowHow Place Leads to a Happier, Longer RetirementDid you know the place you settle for retirement will impact your life more than anything? It will impact your finances, but how you live as well. This week Dave Hall brings on Ryan Frederick of SmartLiving 360 to discuss the importance of place when aging. Not everyone is meant for a sunny beach or a cool rainy area, but it is a key factor to consider how the weather and local culture will affect your retirement. During this episode you will learn: Why and how place impacts the health and longevity of you and you...
2022-10-2126 min
The Retirement Risk ShowRetirement Spending: 7 Purchase Retirees Have Buyer's Remorse OnAfter decades of saving, you are finally at retirement. You have extra free time, and maybe you even want to have something the grandkids will love, too. However, there are some things to be aware of when spending those first several years of retirement. In this episode, Dave breaks down seven big ticket items that retirees often have regrets purchasing. While no retirement dreams and needs are the same, everyone can learn something from this episode about spending in the first several years of your golden years. Maybe that timeshare really isn't a good idea; maybe the b...
2022-10-1424 min
The Retirement Risk ShowHealth Savings Accounts: Helping Cover Medical Costs in RetirementHealthcare and medical costs are the biggest expenses retirees pay into. And because of that, this week Dave brings on Roy Ramthun, Mr. HSA to discuss what exactly a health saving account is. As a sound tool for your retirement, Dave and Roy cover how you can qualify for HSAs and how you are able to contribute--even covering what you can use the money within your HSA for and its limitations. Tune in as Dave and Roy cover the impact of inflation on health care costs, how HSAs are a great strategy to use for retirement, and even how...
2022-10-0728 min
The Retirement Risk Show529 Plans: Helping Loved Ones with Higher EducationA staggering question retirees ask is what they can do to leave behind impactful inheritance for family members. And this week Dave Hall interviews Robert Farrington, The College Investor, to provide an answer: 529 Plans. Dave and Robert cover the benefits and limits of 529 Plans as means to help cover higher education costs for loved ones. As accounts grandparents can leave to their grandkids or even to their own children, 529 plans offer a great opportunity to leave behind something meaningful for your family and make an impact on their future for even graduate level degrees. Support the show
2022-09-3029 min
The Retirement Risk ShowIncome, Age, and Taxes: How They Impact Your Social Security BenefitsA complex component to the success of your retirement is Social Security. In today’s episode Dave Hall brings back on Marc Kiner and Jim Blair of Premier Social Security Consulting to discuss many factors that affect your monthly Social Security. They dive into how your age when you claim your benefits impacts how much you receive, depending on if you enroll early or if you want until after your full retirement age. What your taxes and income is like also impacts your benefits greatly. Dave, Marc, and Jim discuss in detail how your earned income before and during re...
2022-09-2332 min
The Retirement Risk ShowThe Know How of Real Estate: Passive Income in RetirementHave you considered investing in real estate for or in retirement? This week Dave Hall brings on real estate expert Peter Souhleris. As a professional real estate investing agent and educator, Peter Souhleris shares the ins and outs with Dave Hall on how to let your real estate investment work as passive income for you, either as rental properties or through services like Airbnb. Listen in a Dave and Peter discuss the retirement risks and advantages real estate has. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: R...
2022-09-1633 min
The Retirement Risk ShowEverything You Need to Know When Considering Long-Term Care InsuranceOne of the costliest risks you will face in retirement is long-term care (LTC). Unfortunately, it is one of the most unplanned for risks, and with life expectancy increasing more and more retirees are prone to have a long-term care event. Why is it usually unplanned for? So many assume it won't happen to them. This week Dave Hall hosts national long-term care expert and the Senior Vice President of Care Planning for FIG Alecia Barnette to discuss how important having coverage for long-term care is. Alecia brings over twenty years of long-term care expertise to the ta...
2022-09-0924 min
The Retirement Risk ShowFive Strategies for a Safer RetirementHave you considered the importance of diversifying your retirement funds? Do you have a plan in place if and when you experience a long-term care event? This week Dave Hall offers you 5 key strategies to help get you to a safer, more secure retirement. In addition to discussing ways to balance your tax-deferred and tax-free buckets, he includes strategies to help you during a long-term care event and maximize your Social Security benefits. Listen in as Dave Hall can help get you safely to retirement! Support the showFollow us on Instagram: @retirementriskadvisors
2022-09-0222 min
The Retirement Risk ShowThe Significance of Prevention and Intervention While AgingThe excitement surrounding retirement is always a great feeling. But with retirement comes aging, and with aging comes difficulty performing daily activities and skills you have relied on your entire life--such as driving. This week join Dave Hall as he discusses the importance of prevention and adaption while aging with Terri Cassidy, owner and founder of Health Promotion Partners. Listen in as she and Dave explore how skills that are second nature get harder the older you get and what can be done now, signs to look for in yourself and loved ones, and the reasons why. ...
2022-08-2628 min
The Retirement Risk ShowWith the Employee in Mind: Modern 401(K) Setup for Small and Mid-Sized BusinessesThe best retirement strategy and opportunity many CPAs have is contributing to a 401(k). Dave Hall hosts Jeff Edmonds of 401GO this week to discuss how modernizing the 401(k) setup is best for the employee and the employer, especially those of small to midsized businesses. Listen in as Dave and Jeff talk about 401(k) employer setup, employee accessibility, tax deductions, and contributions that will make your retirement planning easier. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-08-1924 minThe Retirement Risk ShowQ&A on Retirement Risk PlanningRetirement these days is not as simple as it was fifty years ago. You are prone to more risks than ever before that the past generations didn't have to think about. And this week Dave Hall provides answers that will make preparation and planning for retirement easier. Backlogged with questions, Dave Hall brings on CR Thelin so your questions about Social Security, longevity, interest rates, and so much more get answered! Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-08-1231 min
The Retirement Risk ShowInflation Risk and I Bonds: Everything You Need to KnowWith inflation at a historic high still, many people are worried about their retirement assets since inflation is a silent killer of retirement. In this episode, Dave Hall, your host, talks about inflation risk and how I Bonds might be a good fit for you as a principal-protected asset. Not only will he cover how I Bonds work, but Dave will discuss things to consider before purchasing them and reasons why you should invest in them. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-08-0522 min
The Retirement Risk ShowExit Planning: Making Transitioning from Your Business into Retirement EasierDo you have a plan for when you leave your business to begin retirement? This week Dave Hall hosts John Brown, owner and founder of BEI Exit Planning Solutions, to discuss the importance of planning your transition out of your business, whether it is selling or bringing on a person or team to take over running it. Dave Hall and John Brown discuss strategies to ensure the success of your business and ease your transition into retirement. For more information on BEI and exit planning strategies visit https://www.exitplanning.com/. Support the showF...
2022-07-2928 min
The Retirement Risk ShowThink Outside the Box: Franchising in RetirementPerhaps you want to start a business after retirement, but you do not want to begin the whole business planning process, or you are unable to decide what you want to do. Thinking outside of the box is important when it comes to retirement! This week Dave Hall interviews Marty Greenbaum, Founder of Smart Franchise Investing, to discuss franchising as a retirement opportunity. Listen in as Dave and Marty discuss why franchising may be for you, the opportunity is offers, and how you can get started doing it! For more information on Smart Franchise Investing and Marty G...
2022-07-2229 min
The Retirement Risk ShowWanderlust in Retirement: Planning for International TravelTravel is the most sought-after thing to do in retirement, especially internationally. This week Dave hosts Pam Saylor, world traveler and author of Braving the World: Adventures in Travel and Retirement. Saylor and her husband retired early and planned a yearlong trip to various countries overseas. Listen in as she and Dave discuss her worldly travels, tips and tricks for planning, medical care, living aboard for a year, and so much more to better prepare yourself for travelling in retirement! Website: Braving The World book - Adventures in Travel and Retirement | Pam SaylorAmazon Link for B...
2022-07-1525 min
The Retirement Risk ShowVulnerability in Aging: Knowing the Signs of Financial ExploitationAging, even if done gracefully, comes with many vulnerabilities. Especially when it comes to elder abuse and financial exploitation. This week Dave Hall discusses financial decision-making capacity and financial exploitation with national expert Dr. Peter Lichtenberg. Listen in as Dave and Dr. Lichtenberg cover the signs of financial exploitation, how cognitive decline makes seniors even more susceptible, and how to address financial abuse before it is too late.For more great information and resources visit Older Adult Nest Egg. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement R...
2022-07-0827 min
The Retirement Risk ShowOriginal Medicare, Medicare Advantage Plans, and YouMedicare is a complex program that is a baseline within retirement planning. This week Dave Hall hosts Chuck Chaput, CCO of MedicareCompareUSA, to discuss how focusing on your healthcare needs is the most important aspect of your Medicare Plan. Medicare Advantage Plans are becoming a commodity for retirees, increasing 8% since 2019. Listen in as Dave and Chuck talk about why these Advantage Plans are becoming more popular, what they offer as additional benefits to Part A and Part B, and how they enhance your healthcare needs in retirement. Support the showFollow us on Instagram: @retirementriskadvisors
2022-07-0125 min
The Retirement Risk ShowA More Secure Future: How the SECURE Act 2.0 Will Change Your RetirementThe Secure Act 2.0 has been a hot topic for some time now--having appeared in headlines and finally passing in the House back in March. While the Senate has yet to vote on it, the proposed changes the Secure Act 2.0 offers will influence your retirement planning and savings greatly. Dive in with Dave Hall this week as he discusses 10 of the 35 parts that would impact your retirement. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-06-2421 min
The Retirement Risk ShowMoney Shouldn't Be Taboo: How to Talk with Your Parents about Their FinancesHow comfortable are you discussing finances with your parents? Your parents or even your grandparents may be hesitant to talk their finances with you because for so long it has been a taboo topic. But being warm, gentle, and compassionate about the conversation may make it easier. More often than not, you may have to take over your parents' finances as they age. This week Dave Hall interviews Cameron Huddleston, author of Mom, Dad, We Need to Talk. As they discuss how to have these conversations with your parents, learn how preparing to take over their finances will better...
2022-06-1725 min
The Retirement Risk ShowDirectly from the Source: What CPAs Are Doing for Their Post-Career YearsThis week Dave Hall and members of the Retirement Risk Advisors team attended the AICPA Engage 2022 Conference in Las Vegas. Listen in as Dave interviews CPAs on their retirement preparedness and security. CPAs just like you share their insights on Social Security, Medicare, longevity, and tips and tricks to help you prepare better now for your post-career years. Interviewees: Roger White, TXNicole Davis, GASara Stollberger, NYAndrew Waud, NYSupport the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Ad...
2022-06-1026 min
The Retirement Risk ShowStay Active, Stay Curious: Entrepreneurship in RetirementAside from financial health, physical, mental, and social health are important components to retirement. This week Dave Hall interviews Grandmapreneur and inventor Connie Inukai about entrepreneurship, discussing how staying curious in retirement can lead to great opportunities such as social events, friendships, and business ideas. Who knew keeping yourself active in retirement could lead to a great chance to better your financial health, too!For more on Connie Inuaki's inventions and story, visit www.grandmapreneur.com. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-06-0325 min
The Retirement Risk ShowTake Control of Your Retirement with Confidence and PassionWhat do you want from your retirement? Do you want to start a business? Go back to school? Retirement should be a time where you take care of yourself, maybe redefine or rediscover yourself. This is especially true when you have spent decades as a CPA. This week Dave Hall hosts Mechelle Barras, founder of MB Consulting to discuss the importance of how giving your retirement meaning can be lifesaving. For more information on Mechelle Barras' services and podcast, visit MB Consulting (mechellebarras.com). Instagram: mechelle_barrasLinkedIn: https://www.linkedin.com/in/mechellebarras
2022-05-2723 min
The Retirement Risk ShowCurbing the Concerns of CryptocurrencyHave you considered cryptocurrency as an option for your retirement investments? This week Dave Hall brings on cryptocurrency expert and founder of WTF! Crypto Training Thomas Walsh to discuss how crypto could help diversify your retirement assets. Listen in as they cover the crypto cycles, types, the risks associated, and how you can reduce them to better your retirement. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-05-2031 min
The Retirement Risk ShowElephant in the Room: Why So Many CPAs Run Out of Money in RetirementStatistics illustrate that 68% of American retirees fear they will run out of money during retirement. Reportedly, over 50% actually do run out of money. As the elephant in the room, running out of money in retirement is rarely talked about until too late. In this episode Dave Hall discusses the reasons why this happens with Retirement Risk Advisors' very own, CR Thelin--today's inflation crisis, our current bear market, the ongoing Covid-19 pandemic, and much moreSupport the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-05-1324 min
The Retirement Risk ShowReadiness and Risk Tolerance: Pioneering the Retirement Landscape with an Innovative ApproachThe retirement planning landscape has more than meets the eye. Retirement readiness takes time, education, and thought-out preparedness for all the what ifs you will face as a CPA. This week join Dave Hall and Shawn Sigler, Senior Vice President of Financial Independence Group, as they discuss the cutting-edge tools and software FIG has to offer to enhance your retirement readiness and evaluate your risk tolerance. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-05-0625 min
The Retirement Risk ShowImplementation and Impact: Incoming Medicare ChangesAt the base of all retirement planning is two things: Social Security and Medicare. Changes to these programs impact everyone now and especially in retirement. This week Dave Hall discusses the provisions that may be implemented to Medicare as soon as this year under the Consolidated Appropriations Act. These changes will directly impact the initial and special enrollment periods and coverage for immunosuppressive drugs of kidney transplant patients and renal dialysis care. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-04-2919 min
The Retirement Risk ShowThe Social Security 2100: A Sacred Trust Act and Its Potential Impact on Your RetirementIn late 2021 the Social Security 2100: A Sacred Trust Act was introduced to Congress by Rep. John B. Larson of Connecticut. If this act was placed into law your retirement and Social Security would be directly and immediately impacted. In this episode, Dave Hall breaks down the proposed reforms and discusses how they may impact you in your working and retirement years. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-04-2223 min
The Retirement Risk ShowBehind Budgeting: Planning for Your Golden Years During Your Working YearsWhen it comes to your health you regularly see your health care providers to maintain your wellbeing and health goals. When it comes to your financial wellbeing, budgeting and planning are key ingredients to make the most of your hard-earned money. Since retirement funding is mostly on the individual today, budgeting now to save for retirement is not futuristic thinking. This week Dave discusses budgeting with the Budget Queen herself. Diving into the psychology of money habits, Dave and Clarissa weigh the importance of budgeting for your needs and wants today so you can save now for yo...
2022-04-1525 min
The Retirement Risk ShowContinued Education: CPE Credits Now & In RetirementShould you decide to keep your CPA status active after you retire, online education is the next best way to get your yearly CPE credits. Even now, as you are working towards retirement, not having to attend a conference or bring a presenter to the firm is ideal. Join Dave Hall this week as he talks with Scott Zarret, the founder and president of CPAacademy, an online CPE-credit educational platform. Dave and Scott compare and contrast the market and importance of offering an online platform for CPE credits as continued education for CPAs during the working and even retired...
2022-04-0820 min
The Retirement Risk ShowF.I.R.E., Side Hustles, and Retirement with The Financial PantherEver consider how side gigs could influence your retirement? Working passive income while retirement planning could help you invest more, save more, and have a more comfortable retirement. This week Dave Hall hosts the infamous Financial Panther to discuss side hustles, the impact of working them before and during retirement, and even discusses the various types of F.I.R.E (financial independence, retire early). For the Financial Panther's Ultimate List of Side Gigs discussed in this week's podcast, click here. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on F...
2022-04-0125 min
The Retirement Risk ShowPremium Finance: A Leveraging Method for Life InsuranceStrategically optimizing products and policies to work for you, not against you, in retirement is an important step in planning. Having been around for 30 years, premium finance is a method to optimize your life insurance policy, using leverage to create a higher policy value. This week Dave Hall analyzes the benefits and qualifications of premium finance with Tim Kelly and Joe Sgori, partners of Strategic Alliance Wealth Group. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-03-2524 min
The Retirement Risk ShowStrategic Planning: Successfully Reducing Retirement RisksToday, retirement is mostly entirely up to an individual. Pensions are not commonplace anymore, and Social Security is only a base to retirement income needs these days. Emphasizing the importance of planning, this week Dave Hall shares a personal story about how preparedness made the aftermath of Hurricane Maria while living in Puerto Rico easier. He also discusses tips and tricks to consider during your working years to better plan for the risks you will face in retirement. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Adv...
2022-03-1823 min
The Retirement Risk ShowThe Self-Directed StrategyWhat are the best options for retirement when you are self-employed? This week Dave Hall discusses a top strategy for self-directed retirement plans with Nashional Self-Directed's founder and CEO, Whitney Nash. They break the benefits and tax-advantages down a Solo 401(k) provides for a retirement funded by a self-employed person. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-03-1122 min
The Retirement Risk ShowBehavioral Finance: Turning Knowledge into ActionUnderstanding behavioral finance helps grasp the why someone makes certain wants for their retirement known. When you understand how decisions are driven by human emotion, biases, and cognitive function, you build better relationships with your clients and yourself financially for retirement. In this episode, Dave Hall discusses with Saundra Davis, the founder of Sage Financial Solutions, the impact and benefits of understanding behaviors behind financial decisions. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-03-0425 min
The Retirement Risk ShowCause and Effect: Stock Market EditionWith stock market volatility teetering, it is important to look at the factors going into the market. Further, it is important to review the historic market crashes and corrections we have had. Doing so allows us to have insight into the unpredictability of the market--insight that allows us to prepare and protect retirement assets. This week, Dave Hall analyzes the past, present, and future of the stock market, what it means for your retirement, and how you can protect your retirement from the next market crash. Support the showFollow us on Instagram: @retirementriskadvisorsL...
2022-02-2521 min
The Retirement Risk ShowThe Crossroads of Longevity and Volatility: How Annuities HelpIs there a way to provide lifetime income AND reduce risk? Today, living well into your late 80s or even early 90s is the norm for retirees. A blessing, a long life means you get to enjoy more years out of the workforce. A risk multiplier, this longevity means you have to supplement income for 25-40 years after you leave the workforce. In this episode, Dave Hall and Tom Hegna discuss how longevity is a risk multiplier to factors such as inflation, taxes, and medical costs. But with longevity, the biggest fear is running out of...
2022-02-1821 min
The Retirement Risk ShowSocial Security is Situational: How Your Benefits Will VaryAs the base for most retirements, Social Security (SS) is an important factor of retirement planning to discuss. One major risk is the situation around filling and enrolling for Social Security. Are you filling independently, do you have a spouse with a larger age gap? Do you have kids that may qualify for SS? Depending on your situation, you may be losing money if you enroll too early or even too late. In this week’s episode your host Dave Hall discusses this with Marc Kiner, a CPA, and his business partner Jim Blair of Premier Social Security Consulting.
2022-02-1126 min
The Retirement Risk ShowIn This Current Market Flux, Think Long-Term with Joel WymerIn an era where pension plans are largely not offered, retirement is entirely left up to employees. This means planning, getting involved in the market, and being susceptible to a multitude of risks—especially market volatility. Join Dave Hall with Joel Wymer as they examine past market volatility trends and delve into approaches and strategies to tackle the current volatility with long-term thinking to protect your retirement wealth management. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-02-0422 min
The Retirement Risk ShowUnderstanding the Complexity of Medicare with Alex SielerMedicare coverage is not a walk in the park the moment you become 65. A huge factor is the proper understanding of its Parts and the products offered. To provide the best insight of this, Dave Hall interviews Alex Sieler, the National Sales Director of Medicare Compare USA. Listen in as they cover the importance of Medicare education and policies to prevent your retirement from facing greater risk. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-01-2820 min
The Retirement Risk ShowEvolving Retirement Law: The Challenges, The Changes, and Your ChoicesA new year brings a lot forth that will affect your retirement. On this podcast, Dave Hall discusses the impact 2021 will have on retirement planning in 2022. He further discusses changes being made to Social Security and how inflation has impacted medical costs. For more information on these changes, 2022 challenges and how they will impact your retirement, check out our webinar “Evolving Retirement Law: The Challenges, The Changes, and Your Choices.” Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors
2022-01-2113 min
The Retirement Risk ShowRethink Your Retirement Blueprint with Brian BrittThe old paradigm for retirement has become obsolete, and the importance of tackling a new approach is imminent for your retirement—especially if you want it to last the 20-40 years most are retired. On this episode, Dave interviews Brian Britt on why the new paradigm for retirement planning is best. Brian Britt has over 25+ years of experience in the industry and gives his firsthand stories on how he has witnessed the change and new retirement planning paradigm work.Brian Britt is a financial consultant who has been in the practice of helping individuals and institutions protect an...
2022-01-1424 min