Don Sowa's MoneyTalk

By Cumulus ProvidenceBusiness

Don Sowa's MoneyTalk episodes

September 22, 2023 IRA Rundown
IRAs come in different flavors, each with its own set of rules and benefits, and deciding on which one to use for your particular situation requires an understanding of their limitations and tax consequences. Steve and Nathan run down the various types of IRAs and how they can be employed to your maximum benefit. Also, our MoneyTalk Moment in Financial History covers the birth of communism during the Russian Revolution.

Hosts: Steven Beauvais & Nathan Beauvais CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 9/20/2023.
Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!
See omnystudio.com/listener for privacy information.
43 min
September 22, 2023 Avoiding IRA Penalties
Life is full of surprises, and since your retirement account often represents your largest financial resource, surprises sometimes prompt people to make early distributions, which can carry steep penalties. Donna and Nathan discuss circumstances in which you can avoid penalties on retirement account distributions. Also on MoneyTalk, when your investment objective doesn’t fit your age, and more.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/19/2023.
Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!
See omnystudio.com/listener for privacy information.
43 min
September 20, 2023 Unqualified for Social Security
If you’ve worked for a private employer throughout your adulthood, your Social Security benefits are likely one of the most dependable components of your retirement income plan, but for many with a non-traditional work history, the system has limitations in place that could affect your benefit eligibility. Donna discusses some of the Social Security provisions that you should know about to properly plan for your future retirement income. Also on MoneyTalk, how your MAGI factors into your Medicare premium calculation, and how a 1031 exchange can be used to limit your tax liability on the sale of property.

Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 9/18/2023.
Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!
See omnystudio.com/listener for privacy information.
41 min
September 19, 2023 Top Retirement Mistakes
As you approach retirement, it becomes much harder to course correct from errors in planning. Nathan takes us through some of the most common retirement planning mistakes, including: underestimating your longevity, favoring accumulation over distribution, ignoring the effects of inflation, uncertainty about Social Security, incorrectly titling your assets, failing to account for changes in tax law, mistaking diversification for asset allocation, and allowing yourself to be influenced by the media.

Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 9/15/2023.
Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!
See omnystudio.com/listener for privacy information.
42 min
September 15, 2023 The Downside of Fixed Rate Investments
We are seeing large inflows to fixed guaranteed rate investments due to the high rate environment we find ourselves in, but when you look at the real rate of return on these products, they can start to appear a bit less attractive. Donna and Nathan discuss the importance of maintaining diversification when using fixed guaranteed rate investments. Also on MoneyTalk, why crypto investor Mike Novogratz believes digital currency is the only solution for instability and inequality in global currency markets.

This podcast is intended strictly for educational purposes only, and is not a recommendation for or against cryptocurrency.
Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/14/2023.
Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!
See omnystudio.com/listener for privacy information.
43 min
September 14, 2023 Best Non-Investment Retirement Moves
Planning for retirement involves so much more than a sound asset allocation strategy, and too often we find that these are the decisions that get the least attention. Donna and Nathan discuss some of the best non-investment moves you can make in your retirement preparation, including pushing the next generation to start their own retirement planning, facilitating spouse participation in the planning process, exploring partial transitions to retirement, and more.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/12/2023.
Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!
See omnystudio.com/listener for privacy information.
42 min
September 12, 2023 The Big Three
The Dow Jones Industrial Average, S&P500, and Nasdaq are the three primary indices where stocks are traded, and understanding their various components and weightings can give us a better understanding of how and why they move. Nathan takes us through the mechanics of the big three stock indices. Also on MoneyTalk, how to choose your approach to investing, and the history of interest rate policy in the developed world.
Target Outcome ETFs® (the “funds”) are actively managed exchange-traded funds (“ETFs”) that are designed to help equity investors maintain a level of protection in down markets, while taking advantage of growth opportunities in up markets. The funds seek to provide targeted market exposure to equity ETFs that are based on market indexes such as the S&P 500 index, while providing a defined downside buffer level, over a specified Target Outcome Period, which removes some of the uncertainty associated with equity investing. Losses can have a greater impact on investments than gains because the money remaining after the loss must work harder to get back to its original level. The math of
percentages shows that as losses get larger, the return necessary to recover to the break-even point increases at a much faster rate. A loss of 10% necessitates an 11% gain to recover. Increase that loss to 25%, and it takes a 33% gain to get back to break-even. A 50% loss requires a 100% gain to get back to where the investment value started. Target Outcome ETFs® may encourage investors to stay invested by providing a defined buffer against potential losses. Traditionally, investment strategies that offer specific payoff profiles have been offered through structured products, typically issued by banks or other financial institutions. The funds offer a way to gain access to outcome-based investing—specifically to buffer against a level of downside risk while allowing growth to a maximum cap—eliminating bank credit risk, in a convenient, flexible investment vehicle.

Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 9/8/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!
See omnystudio.com/listener for privacy information.
42 min
September 12, 2023 When to Consider a Reverse Mortgage
The reverse mortgage earned a stigma during its early years as under-regulated brokers pushed them on the public as a universal solution for lifetime retirement income, but the product does offer some real benefits to individuals under the right circumstances. Donna and Nathan discuss how the reverse mortgage works, who it may be right for, and what features applicants need to understand before considering one. Also on MoneyTalk, how mutual fund manager Ron Baron’s approach to corporate analysis has carried his fund’s performance for decades.
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®; Air Date: 9/7/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!
See omnystudio.com/listener for privacy information.
42 min
September 11, 2023 Who Doesn’t Need an Advisor?
A good financial advisor will ask you qualifying questions that go well beyond how much money you have to invest, and if they truly have your best interest at heart, they will be the first ones to tell you if you don’t actually need them. Donna and Nathan discuss how to know if active money management isn’t something that you need at this stage in your life. Also, on our MoneyTalk Moment in Financial History, Nathan and Daniel recount the events that took place during the Panic of 1907.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/6/2023.
Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!
See omnystudio.com/listener for privacy information.
42 min
September 08, 2023 The Investment That Got Away
One of the reasons memory can be so deceiving is that we tend to think in straight lines while history moves in waves, and many of the regrets we carry over our “missed opportunities” fail to account for decisions we might’ve made along the way. Donna and Nathan discuss the importance of keeping a realistic perspective on those opportunities we let slip by. Also on MoneyTalk, lessons from fabled investor Stanley Druckenmiller.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 9/5/2023.
Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!
See omnystudio.com/listener for privacy information.
43 min