Plan With Dan

The Reasons Why Everyone, Regardless of Age or Income Level, Needs A Roth IRA

No matter where you fall on the age or income spectrum, it's probably a good idea for you to at least consider a Roth IRA. In almost every case, you'll reap some great rewards by utilizng that retirement savings vehicle. Dan will walk us through why it's typically a good idea to have a Roth IRA in your arsenal and lay out some of the top benefits you'll encounter.

 

Click here for Dan's Retirement Rescue Toolkit

What Does Holistic Or Comprehensive Financial Planning Really Look Like?

Some people think they have a comprehensive financial plan, but in reality their plan often lacks critical components. Some people will figure out the right way to structure an income plan, but they'll overlook the role of taxes or healthcare. Sometime the investment plan is solid, but there's no plan of action for how to distribute those funds as income in retirement. Dan will walk us through the five key areas you need to address to truly have a "holistic" or comprehensive financial plan.

 

Click here for Dan's Retirement Rescue Toolkit

The Five Things We Wish Everyone Knew

As financial professionals, there are things that we wish everyone knew and understood. On this podcast, we’ll explore how a financial advisor’s job would be different, and easier, if everybody understood at least five things.

 

Click here for Dan's Retirement Rescue Toolkit.

Making Your Own Financial Luck

There’s a lot of talk in March about leprechauns, four leaf clovers and pots of gold at the ends of a rainbow. The bad news, however, is that none of those things will help you get wealthy or retire successfully. Well, okay, if you find a pot of gold you’ll be in pretty good shape. But those odds are slim at best. So, instead of waiting for luck to find us, how about we make our own financial luck? Here are some easy tips to follow to make it happen.

 

Click here for Dan's Retirement Rescue Toolkit.

Financial Power Of Attorney

We discuss Dan's blog about an article he wrote on guidlines with powers of attorney.

Mailbag: The 4% Rule, Inheritance, And Spousal Disagreements

We answer questions from listeners like you regarding the 4% rule, what to do when inheriting stocks, and how to get on the same page with a spouse.

 

Click here for Dan's Retirement Rescue Toolkit.

The Financial Lies We Tell Ourselves

You know it’s not a good thing to lie to yourself in any aspect of life. So, let’s “keep it real” and go over some of the common financial lies we tell ourselves and explore why it’s dangerous to approach retirement planning with these mindsets.

 

Click here for Dan's Retirement Rescue Toolkit.

Shopping At The Retirement Grocery Store

You probably have a specific routine for how you like to go grocery shopping. Some of us are list-makers, others kind of wing it. Some put everything neatly in the cart while you might be one of those folks who just tosses it all into a big pile. Let’s discuss how retirement is a lot like shopping for groceries. Try not to get too hungry while we do this...

 

Click here for Dan's "Retirement Rescue Toolkit".

The Winter Financial Olympics

In the spirit of the Winter Olympics, learn how financial planning could be similar to your favorite event, such as cross-country skiing, bobsledding, and more.

 

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Mailbag

We get a lot of listener questions here on the Plan With Dan podcast. So much so that we like to answer a few of them every once in a while. In this mailbag edition of the podcast, Dan answers questions about longevity planning, lump sum planning, and more.

 

Click here for the "Retirement Rescue Toolkit".

Stress And Retirement

Psychologists have determined that retirement is the 10th most stressful event that you can experience in life. The events on the list that are considered more stressful include things like the death of a spouse, divorce, and going to jail. Let’s look at the ways to proactively deal with stress in retirement.

 

Click here for the "Retirement Rescue Toolkit".

Tax Code Changes (With Special Guest): Part 2

We'd like to welcome back special guest Deb Oskin. Deb is an Enrolled Agent and ordained minister. We'll discuss her role in helping members of the clergy with tax preparation.

 

Click here for the "Retirement Rescue Toolkit".

 

For more information on Deb Oskin's tax services, visit http://www.oskintax.com/

 

 

Tax Code Changes (With Special Guest): Part 1

We are joined by special guest Deb Oskin, an enrolled tax agent and an ordained minister, to unpack the recent changes to the United States' tax code.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

 

For more information on Deb Oskin's tax services, visit http://www.oskintax.com/

 

 

Financial Resolutions

You’ve probably made some resolutions for 2018. You’ve probably already failed at some of those resolutions. So, maybe take a stab at starting some very attainable financial resolutions.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Collision Of Fear And Greed

The fear we all felt in 2008 is in the rearview mirror. Now the natural response is to be greedy with the recent stock market success we've experienced. How can we reconcile and deal with these different emotions as we try to successfully navigate through the current economic landscape? Dan takes a peek at the collision that takes place betwen our emotions and our financial goals.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Common 401k Questions

A lot of Americans have 401k accounts. Let’s cover some of the common questions we get from 401k owners. You probably have some of these questions on your mind anyway. Oh, and this advice generally applies if you have a 403b or similar type of account, too.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Financial Santa Claus

In the spirit of the holiday season, let’s pretend that Dan is Santa Claus, and he's filling up the stockings of retirees and pre-retirees with useful financial resources. But you can only fit 6 items into the stocking. Which 6 would you choose?

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Story Time: Fee Shock

Let’s hear about a time when somebody was completely shocked to find out what exactly they were paying in fees inside their portfolio.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Financially Savvy Grandparenting: Part 2

Part 2 of our discussion of the 7 tips for grandparents to consider as they help their grandchildren grow into financially savvy adults.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

 

 

Financially Savvy Grandparenting

A common question we often get, that’s not even really related to investing, is from retirees wanting to know how they can help pass their financial wisdom on to the next generation. So, let’s touch on six tips for grandparents to consider as they help their grandchildren grow into financially savvy adults.

 

1 – Don’t underestimate the power of the Roth IRA.

• Additional years of tax-free growth can be extremely power.

 

2 – Understand how to help with college savings.

• Example: 529 plans will count against kids when applying for aid. Think about keeping money in your name instead of your grandkids.

 

3 – Find creative ways to help kids have an appreciation for saving and investing

 

4 – Understand that it’s a different world today, from the one you grew up in.

• Not as realistic for someone to work their way through school these days. Higher demands on students and the college costs are way out of whack. Realize the impact of your help with that phase of life.
• At the same time, understand that there are values from your generation (work ethic, etc...) that your grandkids would benefit to learn.

 

5 – Gift money with purpose

• Don’t just give money to grandkids for the sake of it. Try to earmark it. This $100 is for college. Or this $250 is for your first car.
• As often as you can, earmark the money because that’s going to encourage them to save it for a longer period of time instead of wasting it within a week.
• Don’t be afraid to have the discussion about why you’re earmarking the money. It’s a great learning opportunity.

 

6 – Don’t downplay the importance of money

• Don’t pretend that money isn’t important. Instill in your grandchildren early on that handling money in a smart and generous way is an important aspect of life.
• Encourage casual conversations about money to help foster this mentality. Don’t make talking about money taboo.

 

7 – Understand how kids, especially teenagers, might perceive your complaints about the economy and stock market.

• If you’re constantly harping on a message of fear, it could negatively impact a child’s view of investing in the market.
• Be careful of what you say and how you act around the younger generation. They pay attention and not all of your opinions would be beneficial to a teenager’s perspective on investing.
• And kids learn even more by watching what you do, not just what you say. Make sure your actions back up your words and the proper messages will really sink in.

Financially Savvy Grandparenting: Part 1

A common question we often get, that’s not even really related to investing, is from retirees wanting to know how they can help pass their financial wisdom on to the next generation. So, let’s touch on seven tips for grandparents to consider as they help their grandchildren grow into financially savvy adults.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit