Don Sowa's MoneyTalk

Scammers have gotten more and more creative in their efforts to deceive the public, and even those who consider themselves diligent often fall victim to these new tactics. Donna and Nathan share personal accounts of attempted scams they were targeted by, and some of the most common types of consumer fraud that you need to be aware of. Also on MoneyTalk, lessons from Morgan Housel’s acclaimed book, The Psychology of Money, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 11/7/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!

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With the government likely under full Republican control, there is high potential for drastic policy changes that could have a meaningful impact on the economy. Nathan and Steve discuss some of the agenda items where the new Trump administration and Congress will likely focus their efforts, and how we can expect financial markets to respond. Also, on our MoneyTalk Moment in Financial History we cover the Panic of 1907 & 1908. Hosts: Nathan Beauvais CFP®, CIMA® & Steven Beauvais; Air Date: 11/6/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!

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The income limits on Roth IRAs exclude a large portion of the population from contributing, but luckily there are some workarounds. Donna and Nathan discuss some loopholes to the Roth participation rules that could help you take advantage of its vast benefits. Also on MoneyTalk, promoting financial literacy in schools, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 11/5/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!

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Life insurance is vitally important, and often never actually used, which makes it a difficult sell for some people. Donna and Nathan discuss how different types of life insurance policies work, who they are most appropriate for, and the critical role they can play in managing your risk. Also on MoneyTalk, understanding restricted stock units, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/31/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!

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You may think of ETFs and mutual funds as similar products used to accomplish the same goal, but in reality ETFs and mutual funds have less in common than you may think. Donna and Nathan debunk some common myths about ETFs, and explain how they can be used as part of a balanced portfolio. Also, on our MoneyTalk Moment in Financial History, Nathan and Steve tell the story of the very first consumer credit card, the BankAmericard. Hosts: Donna Sowa Allard, CFP®, AIF®, Nathan Beauvais, CFP®, CIMA® & Steven Beauvais; Air Date: 10/30/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!

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Now is the time to start getting your financial ducks in a row in preparation for year end. Donna and Nathan take us through some of the items that should be on your tax planning checklist, including tax loss harvesting, IRA contributions, whether you’ve paid enough taxes for the year, inherited IRA distributions, RMDs, and more. Also on MoneyTalk, understanding your credit score, and Stock Trivia: Two Truths and a Lie.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/29/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!

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On MoneyTalk we strive to provide timely and relevant topics to help guide our listeners’ financial decision making. Nathan discusses a bold tail risk hedging strategy, the pros and cons of stock buy backs, and the explores the existential question, what is money?

Host: Nathan Beauvais, CFP®, CIMA®; Original Air Dates: 7/28/2023, 8/23/2023 & 4/10/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!

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As Americans jump from job to job more frequently, the tendency to cash out their small 401(k) rather than rolling it over increases, adding to our already declining national savings rate. Donna and Nathan discuss how one proposal that’s been circulating aims to address this problem, the lifetime savings account. Also on MoneyTalk, the problem with financial advice on social media, and Stock Trivia: Two Truths and a Lie.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/24/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!

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Many Americans today use rental properties to generate passive income, and although this can be a great way to offset the high cost of living, it can also add complexity to your tax situation. Donna and Nathan discuss considerations when managing taxes on rental income. Also on MoneyTalk, Stock Trivia: Two Truths and a Lie.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Original Air Date: 6/1/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!

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Estate Planning can sound a bit grandiose, but when broken down into its parts, it is simply a series of measures intended to protect your assets for the future, and some of the more important estate planning tools at your disposal are surprisingly simple. Donna goes through various steps that people with young families can take to begin building out their estate plan.

Host: Donna Sowa Allard, CFP®, AIF®; Original Air Date: 11/20/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!

See omnystudio.com/listener for privacy information.