When you make an investment, are you considering the long-game and tax implications in the future? On today’s show, we are discussing tax consequences you should keep in mind when investing.     Get additional information:  https://financialplanningva.com/podcast/consider-the-taxes-before-making-the-investment/   Today's show schedule:  0:12 - Are there any tax moves that can help with our investment strategy? 2:52 - What should you do with a real estate investment? 5:52 - What are the pitfalls of retiring early right now?

Retire With Integrity Podcast with Brian Bowen

Consider the Taxes Before Making the Investment

What options do you have when it comes to paying for long-term care expenses? Today, we’ll discuss if you should invest in long-term care insurance or seek out other solutions.     Get additional information:  https://financialplanningva.com/podcast/long-term-care-investment-vehicles/   Today's show schedule:  0:12 - Long-term care costs are significant. Should you have long-term care insurance? 2:35 - What’s the internal rate of return? 5:27 - What’s your projected return on an investment? 7:32 - What other vehicle offers a good long-term care component?

Long-Term Care Investment Vehicles

Worried that as soon as you invest in something you’ll turn around only to hear, “And…it’s gone!” There’s risk in any investment, but it’s important to understand what kind of risk you are taking on when it comes to your money.   Read more and get additional financial resources here: https://financialplanningva.com/podcast/understanding-risk-and-protecting-your-investments-2/   Today's show schedule:  0:16 - “And it’s gone…” lesson from tv show South Park. 2:29 - People feel frustrated when their investments lose money. 3:36 - What if you don’t have time to make the money up? 5:14 - What funds does Brian use? 6:58 - If it sounds too good to be true, you should have someone look at it.

And It's Gone! Financial Lessons From South Park

One man’s trash is another man’s treasure. So, which is it when it comes to bonds and annuities? Brain discusses some key things to know about both on today’s episode.   Read more and get additional financial information: https://financialplanningva.com/podcast/bonds-and-annuities-trash-or-treasure/   What we discuss:  0:12 - What are the pros and cons of an annuity? 4:18 - The “Bond King” recently said bonds are trash. Are they?

Bonds and Annuities: Trash or Treasure?

Similar to a football team, you want your financial plan to have a winning strategy. Are your investments and estate set up for success? Today, Brian is going to discuss having a defensive strategy for your retirement plan.    Read more and get additional financial information: https://financialplanningva.com/podcast/winning-financially-with-a-good-defense/   What we discuss:  0:12 - Football is back! Which is better: a high score or a good defense? 4:54 - What happens if things go bad? 6:08 - Do you have collectibles?

Winning Financially With A Good Defense

Will you panic sell if the market tanks? How can you balance your investments against your risk tolerance as well as possible inflation? Today, Brian is going to talk about preparing for these situations.    Read more and get additional financial resources here: https://financialplanningva.com/podcast/what-is-your-freak-out-factor    What we discuss on this episode:  0:12 - Will you freak out if the stock market falls? 2:51 - Let’s compare to real estate investments. 5:39 - How long will the inflation last?

What is Your Freak Out Factor?

How can you determine your risk tolerance and set up your investments in a way that will result in success? Today, Brian explains the maximum drawdown and how that relates to your financial plan.   Read more and get additional financial resources here: https://financialplanningva.com/podcast/what-is-your-maximum-drawdown/(opens in a new tab)   What we discuss on this episode:  0:13 - Do you have a short memory when it comes to the recession? 2:26 - What is maximum drawdown? 6:26 - The 2008 recession made a lot of people get out of the market. 8:25 - Financial woes can cause a lot of stress.

What is Your Maximum Drawdown?

Are you considering making a move with your home or investment property? Brian talks through what decisions you may need to make if you choose to sell your home.   Read more and get additional financial resources here: https://financialplanningva.com/uncategorized/whats-happening-with-the-real-estate-market/    What we discuss on this episode:  0:12 - Is now the time to downsize your home? 6:29 - What should you think about with real estate timing? 9:56 - Inventory changes over time. 

What’s Happening with the Real Estate Market?

Think you want to “set it and forget it” when it comes to retirement planning? Consider the difference it would it make financially if you had a strategic plan instead.    Read more and get additional financial resources here: https://financialplanningva.com/podcast/investment-strategy-and-401k-fees/    What we discuss on this episode:  0:12 - What can we do about 401(k) fees? 5:57 - Should you set it and forget it with your retirement?

Investment Strategy and 401k Fees

Do you really need to save for long-term care? If so, how much? Or is it better to get a long-term care insurance plan? Find out in today’s podcast.   Read more and get additional financial resources here: https://financialplanningva.com/podcast/what-do-you-need-to-do-about-long-term-care/    What we discuss on this episode:  0:12 - What do you do about long-term care? 5:02 - When should you take your RMDs? 7:08 - How do we make up for a lack of Social Security? 

What Do You Need To Do About Long-Term Care?

Is your financial plan robust and thorough? Or is it full of leaks and problems that you don’t even know about? Brian talks about benchmarks for retirement, and what makes a plan a good one.   Read more and get additional financial resources here: https://financialplanningva.com/podcast/do-you-have-a-leaky-financial-plan/    What we discuss on this episode:  0:13 - Are your savings on track for retirement? 3:13 - Know what your budget is. 4:15 - A financial plan is like building a house. 7:11 - Get a second opinion.

Finding the Leaks in Your Financial Plan

What does Brian think about Roth conversions? A Marketwatch columnist recently stated that the benefits of a Roth are relatively small and take a long time to pay off. Should you actually do a Roth conversion?   Read more and get additional financial resources here: https://financialplanningva.com/podcast/are-the-roth-conversion-benefits-worth-it/    What we discuss on this episode: 0:23 - Is the financial benefit for a Roth relatively small? 2:38 - Brian shares a client example considering a Roth conversion. 5:22 - Are you assuming taxes will go down?   7:22 - Most people are not converting for 20 years. 9:02 - Tax planning is about opportunity.

Are the Roth Conversion Benefits Worth It?

How can you avoid panic selling when the market gets scary? Do you have a plan that addresses what to do when the market crashes?   Read more and get additional financial resources here: https://financialplanningva.com/podcast/panic-selling-when-the-market-goes-down/    What we discuss on this episode:  0:13 - Is there any lesson we can learn from the pandemic? 3:12 - What’s panic selling? 5:18 - Will our Social Security trust fund run out in 2035?

Panic Selling When The Market Goes Down

Is easy savings a good thing or a bad thing? Brian talks through what to consider about the ease of a 401(k) as well as what you need to be aware of when it comes to your overall retirement plan.   Read more and get additional resources here: https://financialplanningva.com/podcast/easy-401k-management/    What we discuss on this episode:  0:12 - How can you manage your 401(k) easily? 3:58 - What else goes into a retirement plan? 5:22 - Is the current inflation temporary? 8:07 - Are you losing money “safely”?

Easy 401K Management

Having a lot of assets might feel nice, but don’t assume that means you don’t need a financial plan. Brian talks through the importance of a balanced plan and budget in retirement. Read more and get additional resources here: https://financialplanningva.com/podcast/ What we discuss on this episode:  0:12 - What does it mean to be asset rich? 2:57 - What do you need in retirement? 5:12 - How does your plan meet your specific needs? 7:10 - What kind of advice does Brian have for someone 60 years old? 10:44 - Is your plan up-to-date?

Why Having A Financial Plan Is Better Than Being Asset Rich

Brian discusses various topics regarding retirement including income, taxes and wealth preservation. This podcast is for anyone who wants to be prepared when they are ready to retire.

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Retire With Integrity Podcast with Brian Bowen

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