Don Sowa's MoneyTalk

The Department of Labor is embroiled in a legal dispute with the insurance industry over legislation aimed at protecting consumers from inappropriate annuity sales practices. Donna and Nathan discuss both sides of the debate and explain why they believe the case against annuities may be being oversold. Also on MoneyTalk, who should be working with a financial advisor, and Stock Trivia: Two Truths and a Lie.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/20/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

See omnystudio.com/listener for privacy information.

Social Security is a core component of most Americans’ retirement plans, but it may surprise you to hear that it was highly controversial when initially proposed, and to get it passed Congress had to include complex provisions which still exist to this day. Donna and Nathan discuss the intricacies of the Social Security system, and the reasons why it has been so difficult to reform. Also on MoneyTalk, understanding tax categories and target date funds.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/19/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

See omnystudio.com/listener for privacy information.

Over the last few years we’ve witnessed the most rapid period of rate hikes in modern history, and nowhere can this be felt more prevalently than in the mortgage market. Nathan speaks with Mike Kidwell, loan officer at Leader Bank, to discuss the state of the US mortgage market, how to determine the right time to refinance, and how the transformation of housing over recent decades has helped to lead us to this moment.

Host: Nathan Beauvais, CFP®, CIMA®; Guest: Mike Kidwell; Air Date: 8/16/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

See omnystudio.com/listener for privacy information.

Each year on Black Friday American shoppers spend billions of dollars on goods, but what you may not know is that the original black Friday was anything but a boon for the economy. On this edition of our MoneyTalk Moment in Financial History, Nathan covers the events of Black Friday 1869, the historic market crash driven by plummeting gold prices, and the greed and ambition of one of the wealthiest and most infamous characters of the time, Jay Gould.

Hosts: Nathan Beauvais CFP®, CIMA® & Steven Beauvais; Air Date: 8/14/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

See omnystudio.com/listener for privacy information.

If you are considering moving to a state with no income tax to reduce your cost of living, you may be in for a surprise. Donna and Nathan discuss how states that charge no personal income tax to attract new residents make up for it in other ways. Also on MoneyTalk, 7 lessons for new retirees, and Stock Trivia: Two Truths and a Lie.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/13/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

See omnystudio.com/listener for privacy information.

Many investors who don’t anticipate needing their retirement assets for income seek out ways to limit their future required minimum distributions. Donna discusses strategies for minimizing RMDs to reduce your retirement tax burden. Also on MoneyTalk, 529 best practices, lining up your retirement income sources, and how to handle your mortgage in retirement.

Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 8/12/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

See omnystudio.com/listener for privacy information.

The unfortunate truth is that most people are not saving enough in their early working years, when their dollars make the greatest impact on their future retirement portfolio, and each decade that passes brings its own unique set of demands on your finances. Donna takes us through the evolution of our financial needs throughout the decades.

Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 8/5/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

See omnystudio.com/listener for privacy information.

On this episode, Donna and Nathan discuss umbrella insurance, and how to reinforce responsible use of credit cards with adult children. Also on MoneyTalk, and Stock Trivia: Two Truths and a Lie.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/1/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

See omnystudio.com/listener for privacy information.

On this episode of MoneyTalk, Nathan takes us back to basics to make sense of topics that some find confusing, including: workplace accounts, investment vehicles, investment categories, and more.

Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 7/26/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

See omnystudio.com/listener for privacy information.

The IRS recently provided clarification on inherited IRA distribution rules in response to confusion around the changes introduced in the SECURE Act 2.0. Donna and Nathan explain how this new information impacts inherited IRA holders, and the tax consequences for failing to follow the rules. Also on MoneyTalk, lessons on behavioral finance and Stock Trivia: Two Truths and a Lie.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 7/30/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

See omnystudio.com/listener for privacy information.