Don Sowa's MoneyTalk

If you don’t contribute to an IRA now, you’ll more than likely rollover your assets into one once you retire, but as common as they are, IRA holders continue to make costly mistakes due to the frequently shifting rules and limits. Donna discusses some of the more common IRA mistakes, and how to avoid them.

Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 10/16/2023.

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It’s that exciting time of year again where we look at our progress towards our financial goals and assess whether or not we are on track. Donna talks us through some of the priorities that should be on your year end planning checklist.

Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 10/9/2023.

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Wealth management takes a comprehensive approach to addressing the complex financial needs of affluent individuals, and typically draws on the collective expertise of investment, tax and estate planning professionals. Nathan speaks with Chris Hennessey, Professor at Babson College specializing in wealth management, to hone in on a few key topics, including tactical Roth conversion strategies, and using different types of trusts to protect your assets. Also on MoneyTalk, Nathan explores why we are so vulnerable to financial fraud, and poses the philosophical question, “What is money?”

Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 10/6/2023.

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Surveys have long identified differences around money as the leading catalyst for divorce among couples, and the problem isn’t getting any better. Donna and Nathan discuss how financial incompatibility can corrode relationships, and how to improve communication around money within the household.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/5/2023.

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Market volatility refers to the level of movement in market returns over a given period, and is often thought of as an expression of fear among investors. Donna and Nathan cover some of the things you should know about market volatility, including: how it is measured, the historic rarity of extreme volatility, the importance of patience, and more. Also on MoneyTalk, 529 rollovers, qualified charitable distributions, and the drawbacks of fixed rate investments.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 10/3/2023.

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On this episode of MoneyTalk, Donna answers questions from our listener grab bag, including: What are my options with excess 529 college savings, how can I use IRA assets to purchase real estate, is it good or bad to receive a tax return, and how do I go about saving more for retirement?

Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 10/2/2023.

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It’s hard to imagine that in the late 1800s only 1/3 of males lived past their 65th birthday, and the vast majority of them worked until they died, so the need for retirement planning is still a relatively new concept. Donna and Nathan discuss some of the problems facing today’s retirees, including the fact that you are largely on your own financially, that the urgency of your retirement needs doesn’t become apparent until it’s right upon you, and that your individual circumstances shape your approach to money management. Also on MoneyTalk, how to responsibly filter financial advice on social media.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/28/2023.

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The bond market has continued its historic drawdown after falling 14% from its all time highs, and conservative investors are feeling the pain. Nathan discusses the economic factors driving this punishing moment for fixed income. Also, on our MoneyTalk Moment in Financial History, Nathan and Daniel tell the story of Alexander Hamilton and the Whiskey Rebellion.

Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 9/27/2023.

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It is very common for small business owners to start with a SEP IRA for their retirement plan, but as businesses grow, employers often find that the particular features of the SEP no longer meet their needs. Donna and Nathan discuss how to select the right type of retirement account if you are self employed. Also on MoneyTalk, shifting your accounts into retirement mode, and Social Security claiming strategies for couples.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/26/2023.

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Unsurprisingly, salary is the leading consideration for individuals when deciding to change jobs, but we would argue that retirement benefits can be just as important to your long term financial well-being, and they often don’t get the attention they deserve. Nathan discusses how to weigh retirement benefit options when seeking a new job. Also on MoneyTalk, investment writer David Rubenstein’s rules and perspectives on investing.

Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 9/22/2023.

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