New Focus on Wealth with Chad Burton

I hope you didn’t panic out and sell during last year’s holiday correction. Q1 2019 was the best start for portfolios since 1991. The last 6 months should be enough to teach you not to try and time the market or invest emotionally. Instead rebalance when things feel toppy and buy when fear is high. • Looking for signs of inflation • Should you rollover your old 401k to an IRA? • Pet trusts & digital assets • What to do with your savings? • Hiring a fiduciary as an executor/trustee • NU

There’s nothing I love more than getting email questions from listeners. Not only does it provide great content for the show, but it helps me focus in on what you want to learn about. Today I answer questions you have sent me. Topics include: • How executors, trustees and beneficiaries should handle inherited stock portfolios • Using a reverse mortgage for a Plan B retirement situation • Reasons to review your tax return following tax time before and during retirement

Whether you’re on your own or supporting a family, it’s a good idea to have at least 6 months of emergency reserves around and even more for people who change jobs frequently. So how do you know how much safe money you really need and how does this amount change as you approach retirement? Other topics include: • How incorporating saves on FICA taxes, but limits your ability to save for retirement • • Are Roth IRA’s useful if you’re over the 15% tax bracket? • Self directed 401k vs. SEP I

If you’re self-employed you know that tax time can be an extremely daunting time. It can also be a bit of a surprise due to the way self-employment taxes work. Today’s podcast is for every self-employed individual who is feeling overwhelmed and completely lost as tax day approaches.

It’s the day of the dueling hosts. Today Rob and I team up to answer money and financial planning emails from our listeners: •Inverted yield curve and recessionary fears •Inflation, currency devaluation and the national debt •Using preload/reload debit cards for security •Risky reliant life shares •Converting an IRA to a Roth •Investing beypnd your 401k •Robo advisors and building a financial plan •Are annuities a trap? •Estate planning for your pet •Can you trust a financial

Taxes are due soon and while many of you have already started this process, some of you will be filing an extension. This is not an extension to pay what you owe or fund retirement accounts. These must be done by April 15th no matter what! So what do you do if you still want to fund a Roth for 2018? Also: • Other things to consider during tax time • Questions to ask your CPA when getting your taxes done • Should you claim your college-aged kids? • College savings mistakes I see people make

Retirement planning is hard enough and one of the easiest ways to live a little smarter is to simply learn from the mistakes of other people. Today I cover major retirement ruining mistakes Such as: • Retirement tax mistakes • Social Security mistakes • Retirement income strategy mistakes • Market timing mistakes

Jeremy Siegel believes the market will be challenged for further gains due to low earnings growth this year. However, the 10 year treasury is sitting just below 2.7% and low rates boost markets. Today I discuss the latest stock market predictions, what causes these scenarios and how to survive them should they come true. Other topics include: • Backdoor and mega backdoor Roth IRA’s • Long term care planning options • The problem with online retirement calculators

I recently met a woman who cashed out her retirement plan since it has done nothing over the last 5 years. Upon further questioning I realized that her “financial planner” was in fact an insurance salesman who conned her. The industry needs to push so that anyone pushing commission based products are called salesman and not financial planners.Also: • Debt- the biggest issue for our country and ourselves • The best strategies for Social Security • What to do with your old life insurance policy?

Q4 may have shown us a 5th straight quarter with a double digit rise in earnings, but way more on the market is European Central Bank abruptly reducing its 2019 GDP forecast. Brexit is still causing a lot of uncertainty and a No Deal vote is expected to happen by tomorrow leading to who knows what outcome. • "Sneaker taxes" • Should Nick convert as much IRA money as possible before tax cuts expire in 2026? • Financial mistakes millennials are making • Moving out of California in retirement

While most of the country is going to notice a reduction in taxes, California residents will be all over the board. Itemizing your deductions might not be better than the standard deduction under this new tax plan and your combined state income taxes and property taxes are no longer fully deductible. Other topics include: • A crash course on 401k rollovers • Financial planning in retirement • Avoiding RMD’s after age 70.5 • Steps to take before hiring a financial advisor

The top fear people have in a low rate environment is running out of money. Historically bonds have yielded over 4%. Current bond yields are much lower which is affecting the way we plan for retirement. Major advancements in medicine/longevity are happening every day. Can your portfolio survive as long as you do? • Are you ready fore retirement? 6 tests you must pass • What is the difference between the S&P 500, Dow and Nasdaq • Roth IRA and backdoor Roth IRA strategies • Basic 529 plan facts

Over 90% of Q4 reports have come in and 2018 reported a 20.8% earnings growth over 2017. Pretty good numbers considering the S&P 500 was down 4.5% for the year. Do companies owe this substantial growth in earnings to tax cuts or was it just pure, organic growth. Other topics: • What should you do at tax time? • Leverage investing • Sep IRA’s- when they are good and when they are bad • What is a stretch IRA? • Should Glen convert his IRA to a Roth so he can leave a better asset to his kids?

More people are hearing about Health Savings Accounts at work and is a great plan that not everyone can afford, but should seriously consider if they can. For people with enough cash flow to handle this high deductible plan it can actually be a better way to save for college. Other topics include: • Media slamming the tax cut package • Is it worth funding a Roth 401k after age 60? • Retiree fears • Common stock vs. preferred stock dividends • REITs

Should you be concerned when you see headlines regarding an imminent recession? Are low rates on bonds increasing the risk of outliving your money in retirement?  Other topics include: • Examples of how retirement will change over time • Separating economic news from the stock market • The biggest fears of most retirees • Funding a Roth IRA after age 65 or 70 -Ok if you have EARNED income