Don Sowa's MoneyTalk

The investment strategies used when investing for the next generation can look very different than how you handle your retirement assets. Nathan and Steve discuss considerations for those managing multigenerational assets. Also, our MoneyTalk Moment in Financial History takes us from Ponzi to Madoff to track the history of the Ponzi scheme.

Hosts: Nathan Beauvais CFP®, CIMA® & Steven Beauvais; Guest: Daniel Sowa; Air Date: 2/7/2024.

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Annuities continue to be a topic of both interest and controversy for conservative individuals looking to generate income from their assets, and although they have their drawbacks, the right type of annuity can be a great tool depending on your needs and circumstances. Donna discusses the various types of annuities, and how to determine if one is right for your situation.

Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 2/5/2024.

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Today, the banking industry serves as the backbone of our economy. But in the early days of the US, banks were small, decentralized institutions that couldn’t even operate across state lines; so how did we get here? In this edition of our MoneyTalk Moment in Financial History, Nathan tells the story of America’s rise to power through the lens of the US banking system.

Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 2/1/2024.

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The 529 can be a great tool for funding your child’s education, but when it comes time to use it, you need to have a good understanding of the rules to avoid steep taxes and penalties. Donna takes us through the rules governing 529 accounts, and the best ways to ensure that you are taking full advantage of the tax benefits. Also, on our MoneyTalk Moment in Financial History, Nathan covers the history of the US banking system.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 1/31/2024.

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As humans, it is in our nature to focus on near-term goals and obligations above those that await down the road, but neglecting our long-term goals, like retirement, can lead us down a path to ultimate failure. Donna and Nathan discuss the importance of letting your values drive the process of goal prioritization, and the pitfalls of failing to do so. Also on MoneyTalk, how to account for sequence of returns risk.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 1/30/2024.

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One important part of financial planning that is often overlooked is financial security, and with Identity theft becoming more prevalent and complex each year, diligence and continued education are paramount to keeping your assets protected. Donna covers some best practices of Identity theft prevention, and the steps to take if you suspect that you’ve fallen victim to financial fraud. Also on MoneyTalk, how long term care insurance has evolved to meet the individual needs of seniors.

Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 1/29/2024.

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There is a variety of investment vehicles at your disposal, and knowing how and when to use one over another requires a good understanding of their mechanics. Nathan breaks down the common investment vehicles, how they differ, and how they can serve different needs within your portfolio. Also on MoneyTalk, understanding investment risks, and a review of Hans Rosling’s book, “Factfullness: Ten Reasons Why We’re Wrong About the World, and Why Things Are Better Than You Think”.

Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 1/26/2024.

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One popular tool used by investors to project portfolio longevity is the Monte Carlo simulation, but good retirement planning is highly personalized, and simulations can take the process only so far. Donna and Nathan discuss how financial advisors take planning tools to the next level by interpreting the results and applying them strategically to your individual circumstances. Also on MoneyTalk, celebrity estate planning blunders.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 1/25/2024.

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In a lot of ways, the Traditional and Roth IRA are mirror images of one another, and they are designed that way to provide very specific tax benefits to individuals under different circumstances. Donna and Nathan delve into the unique rules and benefits of the Traditional and Roth IRA, and explain how each can be used differently to minimize your tax liability.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 1/23/2024.

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Goal setting is one of the most critical steps in the financial planning process, and is also the step that is most dependent on the input of the investor. Nathan and Steve discuss the finer points of goal setting, and the role that time plays in your ability to see those goals to fruition. Also, on our MoneyTalk Moment in Financial History, the hosts tell the story of how John Pierpont Morgan became the most influential man of his time.

Hosts: Nathan Beauvais CFP®, CIMA® & Steven Beauvais; Air Date: 1/17/2024.

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