Don Sowa's MoneyTalk

As your children approach adulthood, it can be hard to know how to teach those critical lessons about money, and as we know, children often digest information better when it comes from a third-party. Donna and Nathan offer some insights from a book that they recommend to parents looking to encourage the next generation to start thinking seriously about retirement, Everything You Need to Know About Retirement, by Ben Carlson.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/31/2023.

Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

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We often hear the horror stories of investors who thought that their portfolios were allocated in line with their goals only to find that they were gravely mistaken. Donna takes us through 7 client portfolio nightmares to highlight how mismanagement of your asset allocation strategy can undermine your plans for retirement.

Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 10/30/2023.

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Studies show that 40% of today’s retirees are living primarily off of social security, and for these individuals, their home often represents their greatest asset, and an untapped resource for supplementing that income gap. Donna and Nathan speak with Garrett Duffy, a nationally recognized reverse mortgage expert, to discuss the ins and outs of reverse mortgages, explaining the different types, who qualifies, who they are most appropriate for, and how they can compliment your retirement income plan.

This material is intended for informational/educational purposes only and should not be construed as investment advice, a solicitation, or a recommendation. Reverse mortgages are subject to risk, including possible foreclosure, high fees, and interest payments, and they may negatively affect your eligibility for various state and federal benefits. Please contact your financial professional for more information specific to your situation.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Special Guest: Garrett Duffy; Air Date: 10/27/2023.

Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

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The fourth quarter of the year tends to move at breakneck speed as 12/31 deadlines start to creep up our priority list, and now is the time to get organized. Donna and Nathan talk about some of the tax related items to address before year end, including: Roth conversions, managing capital gains, tax loss harvesting, Medicare thresholds, qualified charitable distributions, and more. Also on MoneyTalk, Warren Buffett’s biggest investment mistakes.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/26/2023.

Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

See omnystudio.com/listener for privacy information.

Some say the average person should have 6 to 8 times their annual income in life insurance, but there are several factors in addition to income that come into play when determining your real risk exposure. Steve and Nathan discuss 4 key considerations to account for when assessing how much life insurance you should have. Also, on our MoneyTalk Moment in Financial History we revisit the bear market of the Great Recession.

Hosts: Steven Beauvais & Nathan Beauvais CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 10/25/2023.

Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

See omnystudio.com/listener for privacy information.

Financial fasting is a new trend that has emerged where people are limiting their spending over a specified period as a sort of hard reset on their budget. Donna and Nathan discuss the benefits of taking an intentional pause on spending to gain a new perspective on how you choose to use your money. Also on MoneyTalk, some creative ideas for how you can spend your retirement years.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/24/2023.

Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

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Over the last 10 years, the aggregate bond index returned just over 1%, prompting conservative investors to seek alternatives to fixed income for diversification. Nathan discusses various alternative investment options, how they can be used for diversification, and the risks to be aware of before considering them for your portfolio. Also on MoneyTalk, changes to 401K regulations that you should be aware of.

Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 10/23/2023.

Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

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When it comes to managing your 401K, the more time you put into budgeting and understanding your plan options, the better equipped you’ll be to make smart decisions. Donna and Nathan run down the list of information you’ll need to properly manage your 401K, including: your contribution limits, the company match policy, how much you can afford to contribute, whether to contribute on a Roth or pretax basis, your investment options, and more. Also on MoneyTalk, navigating Roth conversion decisions.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/19/2023.

Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

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Today on MoneyTalk, Steve and Nathan take listener questions on how municipal bond values will respond to the expiration of the TCJA tax cuts in 2025, limitations on funding Roth IRAs, and the earnings test for Social Security. Also, our MoneyTalk Moment in Financial History covers the speculation boom that fueled the California Gold Rush.

Hosts: Steven Beauvais & Nathan Beauvais CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 10/18/2023.

Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

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The majority of Americans’ assets are tied up in their homes and retirement accounts, so when home equity isn’t an option, many have been turning to 401K loans for their liquidity needs. Donna and Nathan discuss the pros and cons of using a 401K loan for your cash flow needs. Also on MoneyTalk, the factors that have the greatest impact your credit score.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/17/2023.

Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!

See omnystudio.com/listener for privacy information.