New Focus on Wealth with Chad Burton

In this episode of the podcast "New Focus on Wealth," host Chad Burton, a certified financial planner, discusses various topics related to personal finance, wealth management, and the economy. The episode begins with a disclaimer that the views and opinions expressed are not necessarily those of the radio station or its sponsors, and should not be taken as legal, tax, or investment advice. Listeners are encouraged to consult with an appropriate advisor before making any financial decisions.

Chad Burton starts by introducing himself as a certified financial planner and invites listeners to send in their money-related questions. He mentions that the episode will cover the current state of the market, IRA to Roth conversions, and strategies for funding charities during the month of giving.

The discussion on the market begins with an overview of the S&P 500 and its tech-heavy composition. Chad explains that the market has experienced a rally in recent weeks due to the Federal Reserve signaling a pause in interest rate hikes. He emphasizes the importance of not trying to time the market and highlights the need for a long-term perspective when investing.

The conversation then shifts to IRA to Roth conversions, which are particularly relevant for retirees. Chad explains that November is an ideal time for year-end planning, as individuals have a good idea of their tax situation for the year. He emphasizes the benefits of Roth conversions in retirement planning, such as maximizing tax savings and creating a tax-free growth account. However, he cautions that careful analysis and consultation with a financial planner and tax advisor are necessary to navigate potential pitfalls, such as the impact on premium tax credits and Medicare premiums.

Lastly, Chad discusses strategies for funding charities during the month of giving. He encourages listeners to consider their tax brackets and the potential benefits of donating appreciated assets, such as stocks or real estate, to minimize taxes and maximize charitable impact.

Overall, this episode provides valuable insights into the current market conditions, retirement planning strategies, and charitable giving considerations. Chad Burton's expertise as a certified financial planner shines through as he offers practical advice and encourages listeners to take a long-term perspective in their financial decisions.

Timestamps:

[00:01:19] Retirement readiness and planning.

[00:04:14] The impact of rising interest rates.

[00:09:36] The broad market performance.

[00:12:28] Bond market rally and rates.

[00:16:37] Real estate investment trusts.

[00:20:05] REITs and Small Caps Performance.

[00:23:16] IRA to Roth conversions

[00:35:00] Roth IRA conversions and taxes.

[00:38:09] Capital gains tax brackets.

[00:44:06] Moving money from an IRA to a Roth.

[00:45:52] Charitable giving strategies.

[00:49:48] Donor advised funds.

[00:52:26] Qualified charitable distribution.

Email your money question to [email protected]

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

In this episode of the podcast, certified financial planner Chad Burton provides insights and analysis on various financial topics. The episode begins with a discussion on the current state of the market, focusing on the S&P 500 and NASDAQ indexes. Burton explains the composition of these indexes and highlights the dominance of tech stocks in their performance. He also emphasizes the importance of diversification in building portfolios and cautions against solely relying on large-cap growth stocks.

Burton then delves into the performance of different asset classes, including emerging markets, international developed markets, small-cap and mid-cap stocks, and real estate. He compares their returns for the year and provides context by examining their performance since January 2022. He notes that while large-cap growth stocks have seen significant gains this year, other asset classes are still down from their January 2022 levels, presenting potential opportunities for investors.

The discussion shifts to fixed income investments, particularly bonds. Burton highlights the attractive yields currently available in the bond market and suggests considering options such as corporate bond ladders and treasury ladders. He explains how these strategies can provide consistent cash flow and potential capital appreciation if interest rates decline in the future.

In the latter part of the episode, Burton addresses the topic of life insurance. He clarifies his stance on life insurance, stating that he supports its use when appropriate, such as for protecting families, funding buy-sell agreements, and addressing estate planning needs. However, he cautions against using life insurance as a blanket investment and emphasizes the importance of prioritizing other retirement savings options, such as maxing out 401(k) contributions and Roth IRAs, before considering cash value life insurance policies.

Burton concludes the episode by providing a formula for determining life insurance coverage based on income, number of children, and outstanding debts. He also discusses specific scenarios where life insurance can be beneficial, such as second marriages, key person insurance for businesses, and estate tax planning.

Overall, this episode offers valuable insights into the current market conditions, the performance of different asset classes, and the appropriate use of life insurance in financial planning. Chad Burton's expertise as a certified financial planner shines through as he provides practical advice and guidance for listeners.

Timestamps:

[00:01:15] S&P 500 and NASDAQ components.

[00:04:09] Asset class performance

[00:07:26] Tech stocks performance.

[00:12:31] Small cap value opportunities.

[00:15:21] REITs and their decline.

[00:19:18] Earnings growth in the S&P 500.

[00:23:11] Bonds creating stock market competition.

[00:27:48] The stock market and bonds.

[00:30:42] Buy term and invest.

[00:35:40] Long-term care insurance tax.

[00:39:08] Estate tax and life insurance.

[00:41:12] The downsides of life insurance.

Email your money question to [email protected]

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

In this episode, Chad & Rob dive into the seven tests for retirement readiness, providing valuable insights and advice to help you make sense of your money matters. With over 28 years of experience in finance and investing, Chad draws from his expertise to guide you through the intricacies of retirement planning. But before delving into the tests, Chad emphasizes the importance of seeking unbiased advice from a certified financial planner practitioner, rather than relying on financial advisors who may be more focused on selling products than providing comprehensive planning. He also highlights the need to have a clear understanding of your expenses, including non-discretionary and discretionary costs, as well as healthcare expenses and potential future expenses such as grandkids' gifts, home maintenance, and vacations. Chad stresses the significance of considering your tax situation and the potential impact of market corrections on your portfolio. He also touches on the importance of long-term care planning and the various options available, such as long-term care insurance, hybrid life insurance policies, and Medicaid planning. Throughout the episode, Chad emphasizes the need for a well-rounded financial plan that takes into account risk tolerance, tax planning, safe money allocation, and the potential impact of market fluctuations. Don't miss this informative episode that will help you assess your retirement readiness and make informed financial decisions.

Timestamps:

00:02:04 Prepare for retirement with unbiased advice.

00:06:26 Retirement planning requires careful consideration.

00:14:23 Plan for longer retirement years.

00:15:16 Eating healthy is important.

00:21:10 Long-term care planning is crucial.

00:27:07 Long-term care insurance reduces stress.

00:30:01 Adjust portfolio for retirement success.

00:35:29 Financial planning event this Saturday.

Email your money question to [email protected]

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

In this episode, Chad & Rob dive into the complex world of retirement income and strategies. From taxes and healthcare costs to investment withdrawal and Social Security, Chad breaks down the different phases of retirement and the financial considerations that come with each stage. He also discusses the importance of having a solid retirement plan, especially for those aged 55 and older with significant investable assets. Chad also highlights an upcoming event, the "Seven Tests of Retirement Readiness," where attendees can gain valuable insights and guidance on navigating the complexities of retirement. Whether you're looking to optimize your retirement income or make informed financial decisions, this episode offers valuable advice and expert insights from a seasoned financial planner.

Timestamps:

00:01:27 Retirement income strategies and phases.

00:05:08 Social Security benefits and taxes.

00:10:11 Consider bond laddering for safety.

00:15:00 Be cautious when rolling over a 401k into an IRA, especially if you're a high income earner or planning to retire before age 59 and a half.

00:20:29 Rolling over 401k to IRA.

00:26:00 401k rollovers require careful planning.

00:30:37 Retirement plan management options.

00:35:24 Tech companies dominate market index.

00:40:29 Active management can pay off.

00:46:00 Proper asset allocation reduces risk.

00:50:05 Individual bond ladders offer stability.

00:55:00 Careful consideration before buying.

01:00:47 Real estate analysis for retirement.

01:04:30 Real estate investment options explained.

In this episode of the podcast, certified financial planner Chad Burton joins host Rob Black to discuss the various aspects of retirement planning and wealth management. The episode focuses on the importance of retirement readiness and happiness, emphasizing the need to plan for a fulfilling and financially secure future. Chad highlights the significance of factors such as taxes, income, long-term care, safe money, investing, life goals, and health and wellness in retirement planning. He also delves into the complexities of required minimum distributions (RMDs) and Roth conversions, providing valuable insights and strategies to navigate these aspects of retirement planning. Additionally, Chad sheds light on unexpected retirement expenses, such as taxes, inflation, healthcare costs, home maintenance, travel expenses, and the financial implications of losing a spouse.

Timestamps:

[00:02:00] Delaying retirement for happiness.

[00:04:24] Bad advice versus a fiduciary.

[00:08:22] Account consolidation and taxes.

[00:10:57] RMDs - a ticking tax time bomb.

[00:15:05] Avoiding taxes with charitable donations.

[00:19:50] Seven Tests of Retirement Readiness.

[00:23:14] Tax benefits of a Roth IRA.

[00:25:13] Health insurance and retirement.

[00:29:06] Self-employed 401k strategies.

[00:33:14] Home maintenance expenses.

[00:35:43] Rising vacation costs.

[00:39:23] Timing the market doesn't matter.

[00:43:29] Retiring before a market decline.

[00:46:01] Social Security sustainability.

[00:49:10] Taxes on Social Security.

[00:53:02] Market performance scenarios.

[00:56:18] Knowing when to sell.

[01:00:10] Selling covered calls for income.

Email your money question to [email protected]

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

In this podcast episode, Chad & Rob cover the topic of gifting to family and charity for year-end tax planning. Chad emphasizes the importance of doing a long-term cashflow projection and considering the potential taxes that need to be paid when drawing from retirement accounts. Burton explains that individuals can gift to as many people as they want, but exceeding $17,000 to a single person requires filing a gift tax return. He also discusses the estate tax exemption and how gifting can help reduce the taxable estate.

Timestamps:

[00:01:52] Gifting rules and tax implications.

[00:03:48] Gifting to reduce estate tax.

[00:07:37] Setting up spousal lifetime access trusts.

[00:11:11] Health and fitness advice.

[00:14:39] Giving from IRA to charity.

[00:17:59] Donor-advised fund.

[00:21:01] Tax deductions for charitable giving.

[00:24:29] Charitable remainder trust and donor advised funds.

[00:29:08] Tax loss harvesting.

[00:32:39] Lower taxes for longer.

[00:34:06] Accumulating wealth and financial planning.

Email your money question to [email protected]

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

In this episode of New Focus on Wealth, host Chad Burton discusses the current stock market correction and its implications for investors. He explains that a correction occurs when the market is down 10% from a recent peak and highlights that most indexes have been negative since January 2022. Chad also mentions the impact of rising interest rates on tech stocks and the subsequent rally in the AI sector. Despite the QQQ ETF representing the NASDAQ being up 33.87% for the year, it is still down from its highs. Listeners are encouraged to consult a financial advisor before making any investment decisions.

Timestamps:

[00:03:08] Overall stock market performance.

[00:04:14] Negative year in bonds.

[00:07:53] Safe money in retirement.

[00:11:08] Stock market corrections.

[00:15:34] Tech stocks and buying opportunities.

[00:19:26] Interest rates

[00:22:13] Massive inflation caused by PPP loans and ERC credits.

[00:26:05] Bonds as buying opportunities.

[00:29:05] Laddered bond portfolios with high yields.

[00:33:19] High yield bonds and risk.

[00:36:09] Tax loss harvesting.

Email your money question to [email protected].

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

In this episode of "Joining Me Now" Chad & Rob discuss the complexities of the bond market and the differences between short-term and long-term bonds. Chad explains that bonds are essentially IOUs where investors lend money to the government or corporations in exchange for a rate of return. To gauge the performance of the bond market, Burton suggests looking at the total return of different ETFs.

Timestamps:

[00:02:14] Bond market performance.

[00:04:00] Reinvestment risk and bond portfolio.

[00:07:55] The vibe in the bond market.

[00:11:32] Long-term care insurance.

[00:14:20] Long-term care insurance complexities.

[00:18:27] Spending habits and retirement.

[00:21:20] Long-term care tax.

[00:25:02] Inter-family reverse mortgage

[00:29:13] Viatical settlements and life insurance.

[00:33:09] FTX bankruptcy and Bitcoin.

Email your money question to [email protected]

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

In this episode of New Focus on Wealth, host Chad Burton provides a market update and discusses the recent pullback in stocks and bonds. He shares the current numbers for the S&P 500 and highlights the comparison between the S&P 500 and the NASDAQ. Chad also mentions an upcoming event on retirement readiness and encourages listeners to sign up.

Timestamps:

[00:01:23] Market update and performance.

[00:04:23] Stock market performance analysis.

[00:09:21] Small cap stocks and recovery.

[00:14:04] REITs and rising interest rates.

[00:16:32] Real estate investment trusts.

[00:21:06] Bond rates reinvestment risk.

[00:25:00] Laddering Treasury bonds and corporate bonds.

[00:30:57] Medicaid and Spousal Impoverishment.

[00:32:41] Medicaid planning for nursing homes.

[00:36:23] Planning for long-term care.

Email your money question to [email protected].

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

In this episode of "New Focus on Wealth," host Chad Burton provides a market update, discussing the resilient economy despite inverted yield curves and higher interest rates. He also touches on the topic of inflation, with the CPI coming in slightly higher than expected. The episode concludes with a discussion on the rise in energy prices, particularly oil prices reaching a new year-to-date high.

Timestamp:

[00:01:05] Inflation and interest rates.

[00:06:56] REITs and their performance.

[00:08:25] Real estate investment and office buildings.

[00:12:26] ETFs and Index Funds

[00:15:18] Weird math.

[00:21:07] Where active management pays off.

[00:24:06] Investing beyond index funds.

[00:29:49] Asset location and tax efficiency.

[00:32:08] Pay attention to your diet.

[00:36:06] Probiotics for ADHD and depression.

Email your money question to [email protected].

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com