Shows
A Place of PossibilityYour Guide to an Out-of-State Retirement RelocationThe New York Times reported that people leaving California outnumbered newcomers by more than 700,000 people between April 2020 and July 2022. A further breakdown shows that over 407,000 people left between July 2021 and 2022, plus an additional 343,000 people left California in 2022 alone. That's the highest exodus of any state in the US in history. So, why are we seeing such a mass movement? The reasons are plenty, from cheaper homes and lower cost of living to lower taxes, escaping a rise in crime, the desire for a more relaxed, family-friendly lifestyle, and even political dissatisfaction. But alongside this significant lifestyle change...
2024-02-1438 minA Place of PossibilityTips to Unlock New Financial Successes in 2024With the roller coaster of inflation, interest rates, and more, 2023 was a wild ride. But the real driving force seems to be the dramatically pessimistic media. If one of your goals for 2024 is to improve your financial health, then you’re in the right place. In our opinion, the first step is to ignore market predictions, no matter how scary they seem. They’re usually far from accurate! We have real-life examples and stories to prove it if you don't believe us. After all, the market has shown time and time again that it always bounces back. Alon...
2024-01-2337 minA Place of PossibilityYour Ultimate Guide to 2023 Year-End Tax and Financial PlanningAs the calendar pages flip towards the imminent 2024, it’s the perfect moment to execute those strategic financial maneuvers that will set the stage for a successful tax season and ensure you leave the year on a high note. If you’ve been tuning in regularly, you already know we’ve been through the year-end rodeo before, and for our newcomers, buckle up because we’ve meticulously crafted a hit list that’s bound to elevate your financial game. You’ll want to act quickly; many must be completed by December 31st. In this info-packed episode, we’re diving deep...
2023-12-1641 minA Place of PossibilityWhat's Going on in the Bay Area Housing Market?Discussions about the housing market are always a hot topic. Here in the Bay Area, the housing market has been interesting, to say the least! Local reports say that since August of 2023, home prices are back on the rise after a 14-month decline, the longest period since 2012. And yet demand is still high, with some homes selling within just nine days of being on the market and interest rates hitting around 7% at the time of recording this episode. Many people panic over interest rates, but if we look at it from a historical perspective, it’s still historically low....
2023-12-0142 minA Place of PossibilityPreventing and Recognizing Elder AbuseElder abuse - it’s a topic often avoided because the reality of it is difficult to face. However, it’s a vital conversation and brings forward the importance of combating mistreatment through education and advocacy. Unfortunately, the elderly population is more susceptible to being taken advantage of due to physical and mental decline, and believe it or not, 1 in 10 Americans over the age of 60 will experience some form of elder abuse. It can come in various forms, from neglect and psychological abuse to physical and financial abuse. To make matters worse, only 1 in 44 cases of elder abuse are repo...
2023-11-1834 minA Place of PossibilityWant to Retire on a Lump Sum? Here’s HowRetirement is a milestone we all aspire to, and for many, choosing a lump sum can be the key to financial freedom. However, it can also be daunting. While enticing, the prospect of receiving a substantial cash payout from your employer can come with a particular responsibility and the need to make critical financial decisions. This lump sum represents your life’s work, and it can be challenging to make it last throughout your retirement. The fear of not outliving your savings, the uncertainty of how to invest wisely, and the ever-present question of whether you’re making the righ...
2023-10-2332 minA Place of PossibilitySenior Living Options: What’s Right for Me?With aging comes many difficult decisions. One of those is determining the best living situation for your later years, specifically, choosing a senior living community. In fact, the US Department of Health and Human Services estimates that the number of adults 65 and older who will need to move into senior living communities is expected to reach 27 million by 2050. That’s a lot of people! While many options are available, ranging from independent living and assisted living to memory care and boarding, it’s easy to become overwhelmed. So, whether you’re looking for opportunities for a loved one or are in...
2023-10-1036 minA Place of PossibilityWhy is Pre-Need Planning for Funeral and Cemetery Arrangements So Important?Contemplating what will happen to you after you die can be emotionally challenging, so it’s no wonder most of us avoid it at all costs. However, certain end-of-life choices have to be dealt with one way or another. 82% of people don’t pre-plan their funeral and cemetery details, which means their family members are left to make tough decisions at the last minute while grieving, as well as take on financial burdens. In fact, 37% of funeral overspending is due to a lack of pre-planning. In this episode of A Place of Possibility, we’re ripping off the ba...
2023-09-2648 minA Place of PossibilityCould a Family Legacy Documentary Help Preserve Your History and Family’s Future?Have you ever heard of the adage “shirtsleeve to shirtsleeves in three generations?” It refers to the inability of children and grandchildren to manage family wealth that has been passed down. And it starts with the classic American dream story. One of the first generations hits it out of the park with success, but by the third generation, two things have happened: One, the money is all gone, and two, family relationships have been laid to waste because of the impact of the money on the family. In fact, there have been studies done on affluent families to u...
2023-09-0831 minA Place of PossibilityPlanning for Retirement? Avoid These 10 Investment BlundersIn simple terms, retirement planning is what we do to prepare for life when we stop working – financially and via lifestyle choices. It’s about determining specific goals for this future time in our lives and how we can achieve them by identifying income sources, estimating expenses, building necessary savings plans, and much more. We all know that preparing for retirement is an important endeavor that you can never start too early. However, it can be a challenge that even the savviest individual can struggle with, making mistakes that cost them significantly in the long run - espe...
2023-08-2934 minA Place of PossibilityIs a Home Maintenance Plan Worth It? Will it Save You Money?If you’re a homeowner, how often have you been overwhelmed by home repairs and maintenance? You find a problem, like a leak, and before you can even begin hiring someone, you must research to find out who to call. But how do you know where to start? And who can you really trust in your home? And on top of all that, there’s cost. On average, homeowners spent nearly $6,000 on home maintenance and repairs in 2022. Even the most frugal, detail-oriented, and experienced budgeters can be overwhelmed with unexpected repairs and maintenance. How many minor repairs go i...
2023-08-1435 minA Place of PossibilityWhat Legal Documents Does My 18-Year-Old Need?It’s a phone call no parent wants to get. Their 18-year-old child has gone off to college, leaving the nest for the first time, and despite being the most level-headed and responsible teenager imaginable, they’ve landed in the hospital. Every parent's natural inclination is to do everything possible to help their child, but after attempting to talk with the treating physician, they’re told they cannot participate in their child’s care. After 18 years of making medical decisions on their child’s behalf, parents are now on the outside, looking in. The reason? Passed in 1996, the Health...
2023-06-1932 minA Place of PossibilityHow Do Investors Drive Positive Social Change Through Sustainable Investing?Creating and sticking to an investment strategy that considers our personal values and the welfare of the planet and its people might seem like a relatively new concept, but it has been around for quite some time. In fact, centuries ago, the Quaker religion not only forbade its members from enslaving people but also from investing in companies that profited from slavery. Undoubtedly, it’s also a concept that has evolved over time — and it continues to do so. As a society, we seem to be growing more and more disparate where our values are concerned, and what...
2023-06-0335 minA Place of PossibilityWhat are the Seven Critical Times in Life That Require Estate Planning?If you think that estate planning is something that can wait until your more “mature” years, you’re not alone. Unfortunately, many people share this same impression. After all, what is there to plan for if you have no spouse, no children, and only modest assets? Plenty! There’s much more to estate planning than merely deciding who gets your assets and other possessions when you die — putting it off until your later years isn’t a sound approach. Change is part and parcel of living, and as we move through life, we experience changes that can tho...
2023-05-2041 minA Place of PossibilityDo We Really Need Stock Market PredictionsIn most industries, you can generally rely on a legitimate professional’s opinion for guidance. But the investment industry — or more specifically, the investment PREDICTION industry — is an altogether different animal. That seems counterintuitive, doesn’t it? It sure feels like that trade would be filled with legitimate pros whose advice you could literally take to the bank. After all, we’re inundated with supposed experts each day on television, in podcasts, and in the newspapers, providing their takes on the financial road just ahead. They must know something we don’t and are standing by, ready to alert us...
2023-04-1026 minA Place of PossibilityHow Do I Protect My Money During a Banking Crisis?The recent failure of three regional banks has been front and center on our news screens. It has caused some substantial volatility in the financial markets, though not as much as you expected, given the circumstances. After all, it’s pretty rare for FDIC-backed banks to fail, but here we are. And when three banks collapsed rapidly, it acted as a force multiplier in the public consciousness. Especially when one of those banks is as big as Silicon Valley Bank (SVB) — with $212 billion in assets as recently as the fourth quarter of 2022. SVB represents the second-largest bank brea...
2023-03-2328 minA Place of PossibilityRossmoor Financial Forum: The 3 I’s – Inflation, Interest Rates, and InvestingInflation and interest rates. They’ve been in the news quite a bit lately, and with good reason. Both have a profound effect on our everyday lives. We cannot help but feel inflation’s sting every time we buy groceries or fill our gas tanks. And even those seemingly trivial items we once purchased online without batting an eye cause us to think twice before hitting the “Buy Now” button. Inflation seems particularly scary when you’re on a fixed income — even if you feel that you’ve planned adequately for your retirement. Where we once experienc...
2023-02-2349 minA Place of PossibilityThe Secure Act 2.0 is Here: How Does it Affect My Retirement Plans?More retirement changes are here, as the Secure Act 2.0 passed Congress in the waning days of 2022, almost three years to the day after version 1.0 of the Act became law. Most of us harbor enough cynicism where the government is concerned to expect little in the way of “purpose-built” legislation, so it might come as a surprise that the Secure Act 2.0, like its predecessor, addresses a boatload of important aspects of our collective retirements that no doubt needed to be examined. But don’t worry. We won’t go through all 90,000 new laws because we’d be here for hours, but we are...
2023-02-1334 minA Place of PossibilityThe Top Financial Strategies That May Seem Illegal, But Aren’t“If something sounds too good to be true, it probably is.” This axiom has been drilled into our heads — often since our youth — and most of the time, it’s absolutely true. But, like many of the adages we’ve grown up with, there are exceptions. With its austere, “cut and dried” sensibilities, the IRS tax code would seem to be the last place you would find these exceptions. The agency itself has an almost mythically ominous aura to it. In its more than 160 years of existence, the IRS has forged a reputation so fearsome that, come tax time, if you...
2023-01-2125 minA Place of PossibilityThe Promise & Pitfalls of Debt & CreditMany of us — if not most of us — have had it drilled into our heads since we were old enough to become consumers that carrying any debt, regardless of what kind of debt it is, should be avoided whenever possible. We see this belief constantly reinforced via shelves of financial “self-help” books, as well as on television and radio. The most notable of the latter has to be Dave Ramsey, whose callers are given free rein to celebrate wiping out all of their debts, usually their home mortgage, while chronicling the financial sacrifices they made to get to that point.
2022-12-2133 minA Place of PossibilityIPOs – Road to Riches or Path to Poverty?Fear of Missing Out — better known as FOMO these days — is a strong human emotion, to begin with, and when money is involved, its already considerable influence becomes even more powerful. You can make a pretty strong case that nothing taps into this alchemy of money-fueled emotion quite like IPOs do. In the financial and mainstream media alike, it seems that we’re constantly regaled with stories of people “on the inside” who have amassed fortunes simply by “getting in on the ground floor” of an IPO opportunity that’s enjoyed a meteoric rise — think Google, Amazon, Facebook, Tesla, and many others. T...
2022-12-0327 minA Place of PossibilityWhat Tax-Saving and Financial Planning Moves Should I Make Before Year-End?The end of 2022 is upon us, and boy, has it been a bit of a roller coaster this year with inflation. But with only a few weeks left, it’s time for us to make some important financial decisions and adjustments before that December 31st deadline. The heart-to-heart you have with your finances now could reduce the burden of your taxes and increase Medicare savings, retirement savings, investments, and more. On top of that, federal law and government rule changes taking effect in 2023 will also impact our daily lives. While some of these are inflation adjustments, others are here to...
2022-11-3028 minA Place of PossibilityWhat You Need to Know When Picking Your Medicare PlanMedicare Open Enrollment – a term that may be very familiar to you and nearly everyone else, but especially to those who are already on Medicare and want to drop or switch plans. October 15th through December 7th of each year is the period known as open enrollment and allows individuals ample opportunity to investigate whether they can benefit from switching up their coverage. But Medicare is confusing, and there can be some caveats to switching or, unfortunately, in some instances, you may not be able to change at all. You would think that because it’s a gove...
2022-10-2424 minA Place of PossibilityThe Current State of Property Insurance — Are You Really Covered for a Loss?Property insurance. Even if you consider yourself responsible, it might not be something you give much thought to — a “set it and forget it” item. At one time, you probably went out and bought the coverage you THOUGHT you needed, likely based on an incomplete set of considerations. And we’re going to take a wild guess that you haven’t really given your property insurance much thought over the years that followed, pulling it out of your desk drawer only when you experienced a significant life event, such as moving up in the housing market, putting a new car...
2022-10-1043 minA Place of PossibilityPowerful One-of-a-Kind Strategies to Help You Amass Your Own Real Estate Empire NowYou’ve probably pondered the idea of investing in real estate, but with today’s high prices, you might feel that it has become the exclusive territory of the wealthy. Or maybe the prospect of becoming a landlord brings more anxiety, with visions of late-night calls from tenants, water leaks, mold problems, and more. If you look at real estate investment from a traditional perspective, your concerns are justified. But what if we told you the average person could easily accumulate a solid rental real estate portfolio that has the potential to provide an increasing income stream for...
2022-09-2327 minA Place of PossibilityHow to Improve Your Investment Returns and Lower Your Tax Bill with Tax-Loss HarvestingWhere stocks and other liquid assets are concerned, nearly all of us are familiar with the time-tested axiom, “Buy Low, Sell High.” But, as much as we try to adhere to that principle whenever possible, there are times when it does make sense to sell at a loss, specifically, when tax time rolls around, as doing so can provide some decided benefits. This is a strategy known as tax-loss harvesting, and despite its potential advantages, several factors must be taken into consideration before deciding whether to put it to use. And, please rest assured that no tractors or other farm...
2022-08-3122 minA Place of PossibilityThe Real Estate Market Has Hit a Turning Point. Changes in the Home Buying and Investing Gameyears, and it seems like it’s taking us out for another ride as it works its’ way back to “normal.” Today, the seller’s market is cooling down as interest rates begin to rise. In fact, mortgage applications are down 75% from a year ago—the lowest in 22 years. If you’re in the market to purchase a new home or are considering refinancing your existing home, you might feel a sense of panic. Does it make sense to buy in this market? Will interest rates continue to rise? What’s really happening is the equalization of a market that’s been runn...
2022-06-3034 minA Place of PossibilityDownsizing, Relocating, or Assisted Living? How to Prepare for a Senior MoveMore and more older adults are choosing to sell their homes or downsize as they enter retirement. There are a number of reasons for this trend. For one, many find that they don't need as much space as they did when raising a family. Additionally, maintaining a large home can be expensive and time-consuming. Downsizing to a smaller home or condo can free up a lot of time and money. Retirees may also want to downsize to simplify their lives and reduce their possessions. In this podcast, we’re joined by Senior Real Estate Expert Dayna Wilson from Keller Wi...
2022-06-1741 minA Place of PossibilityReverse Mortgages: When Do They Make Sense & What You Need to KnowDid you know that the average American holds 70-80% of their net worth in their home equity? For most retirees, it is their largest asset. Did you also know that you can use home equity to help boost your income during retirement? You may have heard of a little thing called a reverse mortgage. Yes, they do tend to get a bad rap, but if used correctly, they are a powerful financial tool offering flexibility and an added income source that won’t impact your other investments. And that’s what we’re going to talk about today with our gu...
2022-06-0238 minA Place of PossibilityRecession 101: History, Indicators, Planning, and MoreRaise your hand if you’re on the edge of your seat right now because of all the recession hype on the news? Don’t be afraid. Let those hands fly. Many people are nervous right now because of inflation, high-interest rates, and the slightly negative growth we saw last quarter. And, yes, if it continues for the next quarter, we could see a recession, but a very mild one at that. The thing is, recessions are a normal part of the economic cycle. They are not catastrophic to your wealth, and you don’t have to go DEFCON 5 on your i...
2022-05-0636 minA Place of PossibilityYes, Cash is Still King and Here’s Why You Shouldn’t Leave it in the BankIn this day and age, who needs cash, right? You’ve got your debit card, credit card, and digital wallet. That should cover it. Well, sort of. We’re here to shut down all the myths and tell you that cash is making a comeback. Yes, that green paper with presidential faces and numbers, the dollars and cents you have in your pocket, and the stuff that’s chilling in your checking and savings accounts. It’s essential to have that liquidity, but did you know that instead of just letting it sit there like a bump on a log, it can a...
2022-04-2127 minA Place of PossibilityMake Sure Your Estate Plan Still Works for You and Your FamilyAccording to a 2022 survey done by Caring.com, 1 in 3 Americans who do not have a will or a living trust claim they don’t have enough assets to leave behind. We call that crazy! Now we get it. Estate planning is not something that is top of mind. No one wants to think about dying or a future without them, but the reality is that estate planning is so much more than just preparing for when you’re gone. What about incapacity or special needs? How about qualifying for Medi-Cal or Medicaid and long-term care planning? And getting back to the...
2022-04-0835 minA Place of PossibilityFormer US Ambassador to Germany Talks Russia Invasion, Your Portfolio, and Market ImpactIt’s hard to turn on the T.V., pick up the newspaper, or look at social media without seeing something about Russia, Ukraine, sanctions, gas, oil, etc. The list goes on. There’s so much noise and so much misinformation that it’s hard to know what’s what and how the Russian invasion is and will continue to impact the rest of the world and us here at home. So, to help sift through the information overload, we’re thrilled to welcome former U.S. Ambassador to Germany, John Emerson, to the show. John works in global distribution as the vic...
2022-03-2447 minA Place of PossibilityUsing a Family Meeting to Explain Your Estate Plan to Your ChildrenYou may have heard this statistic from us before, but if you haven’t, did you know that 90% of families fail to keep their wealth for three generations? Why? The top reasons include lack of communication, lack of trust within the family, unprepared heirs, and no purpose for the money or family mission that is mutually agreed on. If one or more of these topics resonate with you, don’t worry. Hope is not lost. By learning to address these items, your family may be able to successfully keep its wealth for generations to come, and we will help teach you...
2022-03-0940 minA Place of PossibilityHow to Have the "Money Talk" with Your PartnerTalking about money is difficult for people. If you’ve listened to our previous podcasts, you’ve probably heard us say that many of us grew up being taught not to talk about money. The problem is that it can lead to conflict, especially in relationships. As you may know, money is a top cause of divorce. It breaks relationships apart. We’re here to tell you that if you talk about money early in your relationships and have ongoing conversations about finances, it can actually be a bonding experience for you and your partner. That sounds great, right? But how do...
2022-03-0141 minA Place of PossibilityStanding Your Ground: Navigating Market Meltdowns Like a ChampPodcast family gather round. Richard and Angela are back with another stock market reality check. As investors, many of us know that the stock market fluctuates daily. That’s just what it does. It can be a hard thing to wrap your head around when you have a well-diversified portfolio, and all you see is red – the charts show downtrends, and the news is screaming at you. First things first, turn off the dang news and stop following the trends. It’s a beautiful thing to have that diverse portfolio under your belt, especially when things turn around and all yo...
2022-02-1534 minA Place of PossibilityHow to Keep Money from Ruining Your MarriageMore often than not, financial conversations tend to be a challenge. After all, money has been proven to be a significant stressor on marriage and familial relationships. Nearly half of all marriages end in divorce, and one of the two biggest reasons is that darn green stuff. And when we’re young, the majority of us are taught that talking about money is taboo. How many of you remember your parents telling you not to talk money or politics at the dinner table? Yes, we see those hands out there. The problem is, talking money is one of the most cr...
2022-01-3146 minA Place of PossibilityOne Week Left to Save a Bundle on Your 2021 TaxesThe holidays are coming to an end, and tax season is just around the corner. That means there are documents to gather, figures to add up and accounts to get in order. This can be an overwhelming task for even the most prepared individual, but it's so important to help you save some big money and end 2021 strong. We know, it's a lot easier said than done, so if you are one of many dreading this time of year, team DMG has your back. In this new episode of A Place of Possibility, Richard and Angela cover everything you need...
2021-12-2833 minA Place of PossibilityA Course in Mortgages with Erin EkstrumIf you’re thinking about purchasing a home or refinancing, chances are you’ve got a ton of information flying at you. And with that, you probably have many questions, like: What’s the current mortgage rate? What type of loan is the best deal for me? What exactly do I need to know about Fannie Mae and Freddie Mac? Does the Fed actually have an impact on rates? And the list goes on. Trying to keep up with the ever-evolving mortgage market can be a job, literally. Surprisingly, people tend to have more opportunities than they realize. In a new...
2021-12-1736 minA Place of PossibilityPlanned Successes, Unplanned FailuresA couple of typical questions we always get is, “what are other people doing, what’s going on with your other clients?” Or “what can I be doing better? Is this not a smart direction to go?” Which is valid because there’s always a learning opportunity to be had, right? Intelligent people know that they need to handle the big financial decisions head-on with a proven strategy for the best results. But it’s those things that you don’t know that will creep up and get you. And believe us when we say there are many things dealing with fin...
2021-11-1840 minA Place of PossibilityHow to Pick the Right Investments for YOU!As we all know, asset allocation is the implementation of investing in different types of assets like stocks, bonds, cash, etc. It is a strategy that balances risk and reward, but it is primarily based on you, the investor. Before you even think about asset allocation, you should really have your financial goals and a timeline figured out, so you know what you’re growing your money for and how you want your investments to work for you. There are a lot of factors that go into this fundamental investment strategy, and in this episode, we’re goin...
2021-11-0335 minA Place of PossibilityAlphabet Soup: A Medicare Tell-All to Get You Ready for EnrollmentFor the most part, everyone’s heard about Medicare, right? The problem is that many people don’t understand exactly what it is or how it works, which is crazy because everyone who turns 65 signs up for it. You would think that because it’s a government program, for virtually everyone, they would make it clear and easy to understand, but hey, we’re talking about the government here, so it comes as no surprise that it’s about as clear as mud. This year, in 2021, the Medicare enrollment period is from October 15th through December 7th, so we’re i...
2021-10-2026 minA Place of PossibilityAnnuities: Everything You Never Wanted to KnowAnnuities sound great, right? Who doesn’t want a guaranteed income stream for the rest of their life? Yes, that may sound great, but these insurance contracts actually come with A LOT of warnings. Many people don’t understand them with all the confusing terminology and dozens of pages to go through. It’s no wonder issues arise—who’s going to read between the lines when what they think they see are dollar signs? If you’re thinking about buying one, or even if you already have one, this episode is for you. We’re diving into a discuss...
2021-10-0833 minA Place of PossibilityVacation Daddy: Integrating Your Values with Your Financial Decisions When it comes to financial planning, we always start with the goal in mind. What do we want to do, where do you want to go in life, etc., and then we apply capital to achieve that goal. We have many clients who talk about setting goals for higher net worth, and that’s a great goal to have. We make that happen. However, in the end, we find that clients aren’t fulfilled. You may be thinking, “but, if we’re not doing something productive with our money, what’s the point,” right? Wrong! Your most cherished memories aren’t, “oh...
2021-09-2841 minA Place of PossibilityWhat’s Up with Inflation? Listen in to Deflate Your AnxietyAh, inflation, the age-old monster in the money closet. It also happens to be a HOT topic of conversation these days. But right off the bat, we’re going to say, word to the wise, dial your panic down. Sure, there has been lots of press about it this year, but it’s also been a very different year than we’re used to. The COVID-19 situation has definitely impacted our economy, without a doubt, but that doesn’t mean we’re going to see the inflation rate skyrocket. There is a lot more to it. And we want you to hav...
2021-09-1042 minA Place of PossibilityRetirement Plan Options for Small BusinessesBeing a small business owner, working for a small business owner, or even being self-employed certainly has its perks, but there is also more of a thought process behind benefits like medical coverage, for instance, or more specifically, in our case, retirement plans. In fact, when it comes to small businesses, putting money away for retirement is even more crucial because you don’t have access to your typical 401k plans. You’re pretty much on your own. The good news? There are quite a few options to explore. Some are wonderful and other...
2021-08-1930 minA Place of PossibilityBiden Tax ProposalYou know what they say, “Nothing lasts forever,” which is especially true for tax changes. How many have you seen in your lifetime? If you’re older, then probably quite a few, and if you’re younger, then saddle up. It’s quite the roller coaster ride we’re all on. Updating our estate plans, rearranging our finances with this strategy, and that workaround to protect our hard-earned assets so our retirements and legacy don’t get blown up by various tax rate hikes, penalties, and whatnot. With a new administration in office, we once again s...
2021-08-1934 minA Place of PossibilityRoth IRA: How to Build a Tax-Free RetirementWe all work hard for our money, right? So we can do all the things we want to do, but most importantly, we do it so we can retire comfortably. There’s this “savings account” and that “retirement plan,” but many people miss out on opportunities to maximize their savings. One of the most coveted ways, or shall we say retirement accounts, out there is the Roth IRA. This account offers tax-free income after age 59 ½. But, quite honestly, if you don’t know how it works, or you don’t have a game plan, you’re potentially leaving thousands...
2021-08-1931 minA Place of PossibilityWhy Should I Invest in Real Estate?With pensions becoming a thing of the past, what is one relatively steady income stream that will increase over time without having money in the stock markets? This is sort of a trick question because the answer is in the title, real estate. Yes, we understand this can be a bit of a hard and fast no for some people, but today, there are many ways to make it pretty low risk and quite rewarding. Did you know that over the last 200 years, 90% of the world’s millionaires were created using real estate investing1? So, all we ha...
2021-08-1839 minA Place of PossibilityHow to Retire on a Lump SumLet’s be real, the last thing any of us want to do after retirement, is end up working as a greeter at Walmart when we’re 85, right? If you want to get out and have something to do, that’s great, but usually, that’s not where we may see ourselves down the road. You’ve worked your whole life saving in your 401k, getting your match, maxing out your contributions, and now, when it’s time to ride off into the sunset, all they hand you is your saddle and a check. A check is excellent. N...
2021-08-1831 minA Place of PossibilityLaunching A Place of Possibility with Richard Del Monte and Angela WrightWelcome to A Place of Possibility Podcast! Team DMG is thrilled that you’re here. To kick things off hosts, Richard Del Monte and Angela Wright introduce each other and share more about how they started working together over 13 years ago. Fun Fact: great things do happen over a good Cesar salad. You’ll also hear more about the show, why Richard and Angela are doing this podcast, their vision, and what you can expect from each episode. Bottom line, this isn’t dull money talk. This is optimistic, no-nonsense, out-of-the-box insights to make your decisions about financ...
2021-08-1726 min