Lifetime Income Series
The Lifetime Income Series: Avoiding Retirement Tax Traps – Tips for Highly Compensated Execs
Special Guest: Alison Farrin, President at Innovative Pension Strategy & Design
This week Jim and Cathlyn continue to discuss tax planning for retirement. The focus this week is on highly compensated executives who may have multiple deferred compensation programs. If not handled properly, retiring executives can find themselves in a permanent tax trap. They use a case study to illustrate some of the strategies to avoid a retirement tax trap. The guest this week is Alison Farrin, CPC & QPA, who will discuss deferred compensation options with Jim.
The Lifetime Income Series: How to Retire and Reduce or Eliminate Your Tax Bill
Special Guest: Yolanda York from the Social Security Administration on Benefits for Surviving Spouses
This week Jim and Cathlyn discuss strategies to reduce or eliminate a significant expense in retirement; your tax bill. Some of the topics covered include moving to a state with very low or no tax, as well as the different kinds of taxation benefits in those states. They also explain how taxes are calculated and why you need to understand your sources of income and how they are taxed. This week’s guest is Yolanda York from the Social Security Administration who will discuss the Social Security benefits available to surviving spouses.
The Lifetime Income Series: How Much Should You Touch…Your Principal? When It’s Okay to Dip In
Special Guest: Dr. T. Colin Campbell, coauthor of the bestselling book on nutrition, “The China Study”
This week Jim and Cathlyn discuss under what circumstances is it okay to touch your principal and how much should you be pulling out. Jim outlines the options for managing your assets, and the options for managing your expenses. They also discuss when it’s not okay to dip into principal, and illustrate the topic using the case study of Melvin and Joanne Keller. The special guest this week is Dr. T. Colin Campbell, coauthor of the bestselling book, “The China Study”, which details the connection between nutrition and heart disease, diabetes, and cancer. Dr. Campbell was also featured in the documentary film, “Forks Over Knives”.
The Lifetime Income Series: You Gotta Know Where You’re Goin’ Before You Can Figure Out How to Get There
Special Guest - Dick Gregerson on the Importance of a Business Plan and a Succession Plan
This week Jim and Cathlyn discuss the difficult environment many retirees face and how to create a plan for a secure retirement. They discuss the “new normal” of a low interest rate environment, which has followed bear markets in technology and housing. The result is many people don’t have the assets they thought they would have. In addition, many retirees have seen their incomes fall as the Fed has reduced interest rates for savers to zero. In this environment it is more important than ever to have a plan, and that plan should drive what you do with your investments. The guest this week is Dick Gregerson, President of Janas Associates and Janas Consulting. Dick discusses the importance of a business plan, a succession plan, and how to best prepare for the sale of your company.
The Lifetime Income Series: The Cost of Waiting for “The Right Time”
Special Guest - Robb Wolf, author of the best-selling book, “The Paleo Solution - The Original Human Diet”
This week Jim and Cathlyn discuss the situation of investors who would like to diversify an over-allocation in metals, but are waiting for the market to “recover” before they make any changes. Jim uses the case study of Thomas Leaderman to illustrate the costs of waiting for “the right time”. Jim’s guest this week is best-selling author Robb Wolf, author of “The Paleo Solution- The Original Human Diet”. Robb, a former research biochemist, has transformed the lives of people around the world via his podcast, books and seminars.
The Lifetime Income Series: Waiting to Get In - Hard to Make Money From the Sidelines
Special Guest: Peter Bell, president of the National Reverse Mortgage Association
This week Jim and Cathlyn discuss the dilemma of those sitting on the sideline in cash. When is the right time to make a move? They illustrate the issue by discussing the case study of a retired couple, David and Michelle, who are unhappy with the meager returns on cash and CDs, but have not been ready to make a move into the market. Jim lays out a strategy to boost their income, but warns that time may be running short for income investors. This week’s guest is Peter Bell, president & CEO of the National Reverse Mortgage Association.
The Lifetime Income Series: Who Wants To Be A Millionaire?
Understanding compound interest - the eighth wonder of the world
This week on the Lifetime Income Series, Jim and Cathlyn discuss the very important topic of compound interest, once famously called “the eighth wonder of the world” by Albert Einstein. Jim and Cathlyn offer examples to explain the concept and why it is so important to start early, invest wisely and stay disciplined. The special guest this week is Veronica Dagher, a columnist at Dow Jones Company and The Wall Street Journal. Veronica discusses the mistakes people make with their 401-k’s and how to avoid them.
The Lifetime Income Series: Custom vs. Cookie-Cutter: Smarter Retirement Investing
Special Guest: Gregory French, J.D., President of the National Academy of Elder Law Attorneys (NAELA)
This week Jim and Cathlyn discuss smarter retirement investing, relying less on cookie-cutter approaches and old allocation models for retirement. They discuss common mistakes and misguidance, as well as custom solutions in lieu of the cookie-cutter approach. The guest this week is attorney Gregory French, who will discuss legal issues and financial planning for long-term care, hospice, and VA benefits.
The Lifetime Income Series: Turning It Around – A Budget and Long Term Care Solution
Special Guest: Dr. Bonnie Olsen on Elder Financial Fraud and Abuse
This week Jim and Cathlyn use the case study of Joe and Irene Turner to illustrate several issues facing today’s retirees. These issues include Long Term Care and medical expenses, fear of the financial markets, inflation, the difficulty of maintaining quality of life in a 0% interest rate environment and reconciling budgets versus sources of income. The guest this week is Dr. Bonnie Olsen of the National Center on Elder Abuse at UC Irvine. Dr. Olsen discusses financial fraud and abuse on the elderly and how to avoid it.
The Lifetime Income Series: A Bond Is Not A Stock; That’s Why It Diversifies Your Portfolio
Special Guest: Attorney Tom Collett Discusses Tax-efficient Business Planning
In this week’s edition Jim and Cathlyn discuss the function of bonds in a portfolio, and how to evaluate them. They go over bond basics such as maturity date, coupon yield and current yield, as well as identifying the main bond risks. Jim explains the primary functions of a bond in a portfolio allocation, as well as how to assess the performance of bonds within a portfolio. They also reiterate the important difference between a bond and a bond fund. The guest this week is Tom Collett, Senior Attorney at Standard Retirement Services, Inc. in Cincinnati, Ohio. Tom will discuss tax-efficient business planning.