Don Sowa's MoneyTalk

There have been certain rules of thumb in retirement income planning that have held steady for many years, such as the 60/40 portfolio, 4% withdrawal rate, etc., but the needs of individuals can vary broadly, and the heuristics we follow aren’t always the right fit. Donna and Nathan discuss how to determine if the typical retirement guideposts apply to your situation, how sequence of returns risk factors in to your diversification strategy, and much more.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/27/2023.

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Experience is a major differentiator for advisors due to the many areas of expertise that require their focus when guiding clients through the financial planning process. Donna addresses a range of personal finance topics that advisors are often asked about, including: the differences between estate and inheritance taxes, how to plan for healthcare costs in retirement, and how to prioritize your savings goals.

Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 6/26/2023.

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With all of the hype Roth IRAs get nowadays, you may be wondering if you should be contributing to one rather than you traditional tax deferred option. Donna and Nathan go over some scenarios where contributing to a Roth may not be in your best interest, and explain how to create a risk ladder within your portfolio.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/22/2023.

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When seeking diversification, you typically look to combine asset classes with a low level of correlation, but in recent years the correlation between stocks and bonds has been increasing, forcing conservative investors to consider alternatives. Nathan discusses how commodities have been used more and more to achieve portfolio diversification, and their unique features and risks that you should be aware of before considering them for yours. Also, on our MoneyTalk Moment in Financial History we revisit the US gold standard, and explain why it was ultimately abandoned.

(Please note, discussion of crypto currency from this episode is not to be taken as a recommendation for or against crypto currency. All content is intended for educational purposes only.)

Host: Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/21/2023.

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JP Morgan Chase recently announced that they will be releasing an AI powered portfolio management tool which they are selling as a disruptor for the investment advisory industry, but this isn’t the first time technology has threatened the role of the asset manager, and some argue that the resulting expansion in investment options has made professional management even more important. Donna and Nathan explain the ways investment advisors use technology to compliment their service models, and the added value they provide to help them compete in an increasingly digital world.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/20/2023.

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The small business tax landscape is precarious at best, which is why the corporate tax planner tends to be one of the key support relationships for small business owners. Nathan brings on CPA and tax attorney, Steve Moskowitz, to discuss some of the ways small businesses can save on their taxes, including: using pension contributions to increase your deductions, setting up your business entity to limit liability, taking advantage of the Employee Retention Credit, and much more.

Host: Nathan Beauvais, EA, CFP®, CIMA®; Guest: Steven Moskowitz, CPA; Air Date: 6/16/2023.

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IRAs, like most products subject to government rules, can garner confusion among individuals as they are presented with uncommon circumstances. Donna and Nathan discuss some of the more tricky questions that we receive about IRAs, including: whether you can put an IRA into a trust, what happens if you and your beneficiaries pass away together, can you borrow from your IRA, is a back door Roth IRA conversion always a good idea, and more. Also, the MoneyTalk hosts reflect on lessons from famous investors as presented in Michael Batnick’s book, “The Best Investors and Their Worst Investments”.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/15/2023.

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When changing jobs, salary is always a big deciding factor, but the retirement benefits companies offer can vary greatly and carry significant long term consequences. Nathan discusses how to factor company retirement benefits options into your decision making process as you search for a new job. Also, our MoneyTalk Moment in Financial History takes us back to the 1950s when Bank of America rolled out the first multipurpose credit card, forever changing the consumption habits of the middle class.

Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 6/14/2023.

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Historically, the rate of increase in higher education cost far outpaces inflation, so for many new parents and grandparents, affording college means starting the savings process on day one. Donna and Nathan discuss the various education savings options and qualified expenses, and offer evidence as to why recent opinions comparing the social security program to a Ponzie scheme are unfounded.

Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/13/2023.

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With life expectancy continuing to rise, your retirement years could potentially be as long as your working years, so the mistakes we make in our retirement planning can carry long term consequences. Nathan covers the 10 most common retirement mistakes, including: inadequate income planning, favoring accumulation over distribution, failing to fully account for inflation, incorrectly titling your assets, mistaking diversification for asset allocation and more.

Host: Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/12/2023.

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