Don Sowa's MoneyTalk

On the MoneyTalk show we are blessed with an active and motivated listener base, and with so many great questions rolling in this month, we wanted to dedicate a whole show to tackling the issues that matter to you. Donna takes some MoneyTalk listener questions on recent changes to the rules for RMDs and stepped-up basis, why the order of distribution from your retirement accounts matters, questions you should be asking before taking your pension, and more.

Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 7/24/2023.

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When we think of the rich and famous we often assume that they have a team of experts working for them to handle their important money decisions, but the many iconic figures from history who failed to properly plan for the future of their massive estates provide us with extreme examples of the importance of proactive estate planning. Donna and Nathan talk about some of the specific focus areas that should be addressed when planning for your estate, and visit the topics of strategic investing, tactical investing and market timing.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 7/20/2023.

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

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As the financial system grows in complexity, new opportunities for fraud continue to emerge, and if you’ve ever fallen victim to financial fraud in the past you understand that it can happen to anyone. Nathan references Ben Carlson’s book, “Don’t Fall For It: A Short History of Financial Scams”, to touch on some of the more famous examples of financial fraud. Also, our MoneyTalk Moment in Financial History covers the history of the American banking system before the Fed.

Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 7/19/2023.

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Putting together a strategic retirement plan is not a set-it-and-forget-it process, partly because it is hard to know what specific challenges we’ll be faced with as life evolves. Donna and Nathan offer some of the important strategic moves we can make along the retirement planning journey.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 7/18/2023.

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

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In March the IRS issued a revenue ruling reducing the reach of a tax loophole on inherited money called stepped-up basis, which, although is regarded by some as a benefit for the elite, could have a broad impact on the transfer of wealth in America. Steve and Donna discuss the various ways this ruling will touch taxpayers and why it should matter to more than just the rich.

Hosts: Donna Sowa Allard, CFP®, AIF® & Steven Beauvais; Air Date: 7/11/2023.

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The transfer of wealth from the Greatest Generation to the Baby Boomers looked very different than that of today, so the estate planning considerations for soon-to-be retirees can seem a bit like uncharted territory. Donna discusses generational wealth transfer decision making, how to know if you should “in-retire”, and some financial rules of thumb you need to know.

Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 7/10/2023.

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Montecarlo simulations are used to simulate portfolio performance over time, but because real life is nuanced, the results tend to vary in accuracy. Donna and Nathan discuss the importance of building flexibility into your financial plan to account for your unique circumstances and unforeseen events, and talk about the debate over changes in tipping culture.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 7/6/2023.

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MoneyTalk is here to keep you in the know, and on this episode Nathan covers some recent market news, including public expectations for the Fed’s July meeting, President Biden’s student loan forbearance measures, and developments in the new and used auto markets. Also, on our MoneyTalk Moment in Financial History Nathan and Daniel do a retrospective on the man that made the corporate monopoly a target for US government intervention, John D Rockefeller.

Host: Nathan Beauvais EA, CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 7/5/2023.

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As asset managers, we are challenged with achieving diversification in a market where the traditional safe haven of bonds no longer provides adequate return for moderate investors. Nathan takes us through the wide world of alternative investments, explaining how the various types can play into your portfolio diversification strategy.

Host: Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/30/2023.

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It is your right as an American to pay as little in taxes as legally possible, but still most taxpayers overpay the government each year due to lack of knowledge or general complacency. Steve and Nathan discuss various ways to minimize your tax burden and keep more of the money you work so hard for. Also, our MoneyTalk Moment in Financial History tells the story of JP Morgan’s rise to prominence and how he helped facilitate the rapid growth of American industry.

Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 6/28/2023.

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

See omnystudio.com/listener for privacy information.