Don Sowa's MoneyTalk

By Cumulus ProvidenceBusiness

Don Sowa's MoneyTalk episodes

May 03, 2022 Down But Not Out
In finance and economics we have seen many examples of companies and investors with a track record of failure that still somehow emerge successful. Steve and Nathan reference “The Psychology of Money” by Morgan Housel, and the idea that our economy is anchored by the few great successes that overshadow its innumerable failures.

Hosts: Steven Beauvais & Nathan Beauvais, EA, CFP®
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32 min
May 02, 2022 Planning For the Phase You Are In
Financial planning is often structured based on age, but our finances are more accurately dictated by the phase in life that we are in, which can vary greatly in age from person to person. Donna discusses planning for the phase that you are in, and the focus areas and priorities that come into play for each. Host: Donna Sowa Allard, CFP®, AIF®
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31 min
April 29, 2022 Too Soon To Call Recession
With slower growth expectations, the inversion of the yield curve, and sustained high inflation, the recession discussion has been steadily gaining strength. Donna and Nathan make the case for why these fears may be overblown. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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32 min
April 28, 2022 Why We Love the Roth 401K
In the world of retirement accounts, the Roth IRA and 401K are unique in their abundance of benefits, so it should come as no surprise that the hybrid Roth 401K has become increasingly popular since its inception. Donna and Nathan talk through the rules that govern these accounts and the best ways to incorporate it into your retirement portfolio. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
See omnystudio.com/listener for privacy information.
31 min
April 27, 2022 Time to Step-Up
Capital gains on assets are calculated based on the difference between the original purchase price and the price at sale, but when assets are passed down to beneficiaries after death, the cost basis is ·stepped-up· to the fair market value on the date of the original owner's death. Nathan discusses how rules like stepped-up basis can play a significant role in estate planning for investors. Host: Nathan Beauvais, EA, CFP®
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32 min
April 25, 2022 Your 10 Year Plan
The 10-year period leading up to retirement is a time to be asking some important questions. Donna covers some of these critical planning questions, including: How can I use my current budget to project out my retirement expenses? Do I need to make adjustments to my workplace retirement plan? What is my social security benefit? And, how do you plan to cover your increased healthcare costs? Host: Donna Sowa Allard, CFP®, AIF®
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32 min
April 22, 2022 A Spotlight on I-Bonds
Interest rates and inflation have been the economy·s one-two punch as of late, but the circumstance has brought attention to a particular inflation favored product that rarely makes the conversation. Donna and Nathan address some listener FAQs, including the reasons behind the recent performance of Series I Bonds. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®
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32 min
April 21, 2022 Beneficiary Accounts
There are various types of accounts that are designed to help individuals save money for the benefit of their children, such as the UGMA, UTMA and 529 plan. Nathan discusses how these accounts differ, and the benefits and drawbacks of each. Host: Nathan Beauvais, EA, CFP®
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32 min
April 20, 2022 Why Goal Setting is So Hard
Goal setting can make the most impact early on in your journey, but because of the potential for variables in your projections, such as a year where inflation is 5% higher than expected, early goal setting can often feel like cutting your lawn with a weedwhacker blindfolded. Nathan discusses the importance of using short, mid, and long-term goals in the financial planning process. Host: Nathan Beauvais, EA, CFP®
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32 min
April 18, 2022 Breaking Down Social Security
Social security uses a formula with some basic features that determine how retiree benefits are calculated, including the Full Retirement Age, social security work credits, and cost of living adjustment. Donna discusses how these rules can be used in developing your social security planning strategy. Host: Donna Sowa Allard, CFP®, AIF®
See omnystudio.com/listener for privacy information.
31 min