New Retirement Radio with Dennis Prout Podcast

How many times have you heard the phrase, “Talk is cheap”? We even alluded to this on last week’s show regarding the market’s response to Fed Chair Jeremy Powell’s proclamation that rates would begin to rise at the Fed’s July meeting on the 25th and 26th. On this week’s show, we’ll continue to discuss the rate environment and its impact on the economy. Why? Because the implications are very important and dynamically changing. What camp are we in? Currently, we agree with Simon White of Bloomberg who recently had this to say: “Rising global rate expectations are likely to be disappointed as slowing inflation significantly tightens real rates through the rest of the year, allowing central banks to deliver fewer rate hikes than predicted.” Currently, the stock and bond markets appear to be signaling this very outcome, and we think this continues to be a great subject to stay on top of with you, our listening audience! Heidi will also discuss the difference between Treasury Bills and Bonds and the two critical differences between them. And Deann will bring those stats to bolster the conversation along with your questions! 

Tune in and take control.

So, you’d like to retire? Before taking the plunge, there’s a lot you need to think about. What are the common and not so common issues and financial hurdles for pre-retirees and retirees alike? What are the steps to consider or adjustments you have to make to move the needle in your direction in the face of a volatile economic environment? We’ll discuss these issues and more as we review several articles giving insight from the financial standpoint as well as practical input from our many years spent with clients and pondering these very same issues. 

Next, Heidi will review and discuss this month’s Social Security Advisor article titled, “Harsh Reality: Americans Do Not Understand Social Security.” Many stats and results will follow pointing up the importance of understanding the impacts, inflation and the financial benefits of learning more about you and your loved ones’ options for taking Social Security benefits. Last, Deann will take us into the stats side to continue the conversation and shed more light on our knowledge base. Tune in and take control!

Have you ever felt the need to know more? Like you’re missing out on crucial news and information … especially for your financial well-being? While this can sound like a tall order, today’s show will be all about giving you the current, prevailing economic conditions. While we can only guess where the resultant markets might lead, we can glean more information to help in our decision making. We’ll discuss some of the current stats and information that you probably haven’t heard or perhaps even been able to process.

Heidi will also review recent article in which workers are claiming they’ll need more than $1 million to retire comfortably. Workers are scrambling to make that figure a reality, and we will discuss how you might achieve that goal. And Deann will have plenty of stats to bolster this and add to the storyline. Tune in and take control!

Whether it’s by phone, email or text message, it seems like the number of scam artists out there trying to get your money or personal information is at epidemic proportions. And thinking that “this only happens to the older set” could not be further from the truth … no one is immune. Another issue we’ve heard from our connections in the banking sector is that those taken in by these scams are utterly embarrassed and, as such, are unwilling to discuss this issue and allow the education one gets from others with similar life experiences.

Today, we’ll discuss the scam explosion that’s occurring and how to protect yourself. We’re on a mission to inform and expose this terrible crime foisted on so many. And the confusion and complexity of today’s financial world doesn’t help matters either. We’ll discuss not only the fact set surrounding how today’s very sophisticated scams occur, but also the psychological attitudes that surround the experience of those while they are in these situations to shed as much light as possible to help you and your family avoid this and understand when it may be occurring. The numbers are staggering as to the dollars involved. So let’s go there, and please call in with your stories! Tune in and take control!

There has been a lot of press lately about the future of AI, or Artificial Intelligence. Understandably, most are concerned about its impact on our lives – historically, socially and economically. Regarding investments, how do we navigate the companies involved in this advancing technology? What are some of the possible dangers that will be part of our new world. Some have likened this new technological revolution to the impact the railroads had on our nation about 150 years ago. The question always becomes, “Should I be worried?” and “What are the opportunities?” While we can never know all the dangers associated, on today’s show we’ll discuss what AI is, how it works and what it might mean to us. We’ll also discuss the companies involved that we are aware of and the opportunity they have in this new environment. Next (and you heard it here first!) Nathan will explain why the Roth IRA may not always be a good idea. Given that we are always talking up Roth accounts, you might be surprised at this! Lastly, Deann provide lots of stats on AI that will help us navigate the details! As always, tune in and take control!

You may have heard the song “If” by the ’70s group Bread. The beginning lyrics are: “If a picture paints a thousand words, then why can’t I paint you? The words will never show the you I’ve come to know.” Unfortunately, we can’t even come close to turning a traditional IRA into a ballad, but we can perhaps help you to soar a bit higher than you thought possible by using the most highly taxed account you own for a higher purpose: charitable giving. In essence, how could you leverage a highly taxable asset to do the good you can help others accomplish more readily than you can on your own? On today’s show, we’ll discuss an article Dennis wrote for Ed Slott’s newsletter called “Why Leaving an IRA to Charity Makes Sense.” We’ll review all the benefits and options for gifting some or all your IRA to charity. Then Heidi will follow with Vanguard’s outlook for financial markets and their perspective on everything from inflation to markets here and around the world. Deann, of course, will include stats to keep the conversation engaging. Please remember … your questions are welcome! Tune in and take control!

You may have heard the song “If” by the ’70s group Bread. The beginning lyrics are: “If a picture paints a thousand words, then why can’t I paint you? The words will never show the you I’ve come to know.” Unfortunately, we can’t even come close to turning a traditional IRA into a ballad, but we can perhaps help you to soar a bit higher than you thought possible by using the most highly taxed account you own for a higher purpose: charitable giving. In essence, how could you leverage a highly taxable asset to do the good you can help others accomplish more readily than you can on your own? On today’s show, we’ll discuss an article Dennis wrote for Ed Slott’s newsletter called “Why Leaving an IRA to Charity Makes Sense.” We’ll review all the benefits and options for gifting some or all your IRA to charity. Then Heidi will follow with Vanguard’s outlook for financial markets and their perspective on everything from inflation to markets here and around the world. Deann, of course, will include stats to keep the conversation engaging. Please remember … your questions are welcome! Tune in and take control!

On today’s show, we’re diving into all things Roth IRA. Heidi will discuss the benefits of a Roth conversion, including a benefit most of us haven’t considered, a conversion as a gift to your beneficiaries. We will compare the possible outcome for traditional IRA beneficiary versus the possible outcome for Roth IRA beneficiary, so you can determine what’s best for you and your loved ones. Heidi will also cover some intriguing questions and helpful answers regarding inherited Roth IRA RMDs. This is timely and helpful information for those who might inherit a Roth IRA someday.

We welcome Nathan Prout to the show! He will be sharing the basics about annuities and how they can fit into an IRA. You’ll find the information helpful in determining whether an annuity is right for you. And Deann will offer us many pertinent stats related to the current economy and you! So, tune in and take control!

While we often discuss the financial realities of retirement and generating income or growth in an efficient manner while being aware of tax and other risks, we very rarely discuss the emotional aspects of retiring which, of course, can be huge. Are you ready to leave your career for something new and unchartered? Have you allowed yourself the time and preparation to prepare for the non-financial aspects of retirement? We have lots of great questions and areas to shed light on your situation, whether you are thinking of retiring or already retired.

Also, Heidi will cover the details of HSA plans for pre- and post-retirees who have access to this significant tax-advantaged account. And Deann will offer us many pertinent stats related to the current economy and you! Tune in and take control!

You’ve heard of settling an estate from the attorney’s perspective. Today, we’ll discuss settling an estate from a financial advisor’s perspective. Settling an estate involves much more than merely settling assets. Generally, it also includes filing the last will and testament, paying bills and taxes, filing the deceased’s final tax returns, distributing property and filing the final account. We will discuss what typically is the biggest dollar item in the estate and the mechanics involved in handling it. Our goal is to help you save time, money (potentially thousands of dollars in taxes) and, of course, stress. Given the complexity of today’s accounts, their tax benefits as well as other cost of disbursal, this is information you will want to know! Also, Heidi will share updates on Social Security, and Deann will provide the stats related to estates to help us along! 

Tune in and take control!