Market valuations are reaching levels not seen since the dot-com bubble, raising questions about whether AI justifies these heights or if we’re heading for another crash.

Are we witnessing a genuine transformation or falling for hype? Can AI really deliver the productivity gains everyone is betting on?

In this episode, Adam Scott, CFP®, brings on his sons, Oliver Scott, a software engineer working on AI at Compass, and Julian Scott, formerly a consultant at McKinsey & Company, currently Chief of  Staff at Generate Capital, to explore AI’s real impact on business and the economy. They break down what AI actually is, from machine learning to large language models, and discuss how it’s reshaping consulting, software engineering, and countless other industries. 

They also discuss the limitations of current AI technology and whether artificial general intelligence is feasible.

Key topics covered:

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About our Guests:

Oliver Scott is a software engineer at Compass. With hands-on experience developing AI systems, he has a front-row view of how machine learning and large language models are evolving and shaping the future of technology. In this episode, he breaks down the fundamentals of AI, explains the architectural limitations and challenges (including hallucinations and data constraints), and shares how AI is changing the day-to-day work of engineers. Oliver also discusses the industry-wide race toward artificial general intelligence and the massive investments driving it.

Julian Scott, formerly a consultant at McKinsey & Company, currently Chief of  Staff at Generate Capital. His work centers on research synthesis, strategic insights, expert interviews, and helping senior leaders make informed decisions. Julian offers a real-world look at how AI is transforming consulting by speeding up research, replacing junior-level analytical tasks, and reshaping firm structures. He also shares perspectives on productivity gains, industry disruption, and the broader economic implications of AI adoption.

Many Americans dream of retiring abroad, but few realize the tax implications involved.

In this episode, Adam Scott, CFP®, explains what it really means to expatriate, the financial consequences of renouncing U.S. citizenship, and how couples can strategically plan to reduce taxes. He also discusses potential pitfalls, from exit taxes to inheritance issues, and offers advice on when living abroad makes both financial and emotional sense.

Adam also examines the process and costs of expatriation, strategies to stay below U.S. tax limits, and highlights where moving abroad can actually benefit retirees and entrepreneurs.

Key Takeaways:

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Can living abroad really lower your tax bill, or is it more about lifestyle? 

In this episode, Adam Scott, CFP®, explores the allure of relocating to places like Portugal, Italy, Greece, and even Puerto Rico. He explains ways to reduce your taxes by moving abroad, but that for some gaining residency  and improving lifestyle  often outweighs tax savings. Adam shares insights, examples, and strategies to consider before packing your bags.

Key points covered:

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Social Security decisions have always been a balancing act, but a new piece of legislation, the “Big Beautiful Bill,” is adding fresh twists.

This week, Adam Scott examines how recent changes impact when and how to claim Social Security, challenging viral “claim early” advice and breaking down the bill’s pros and cons. Adam unpacks myths, math errors, and what the future may really hold for your benefits.

He also delivers a sobering warning: plan for a 20% cut in benefits after 2032, and don’t count on Congress to save the day.

Adam discusses:

Resources:

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Turning 65 is more than a milestone. It’s a financial and healthcare turning point that demands action.

In this episode, Adam Scott, CFP®, shares the essential decisions you must make around Medicare as you turn 65, from enrollment timelines to cost-saving strategies. 

With personal anecdotes and professional insights, Adam demystifies Parts A, B, C, and D, discusses common missteps, and explains how Medicare ties into employer and retiree health plans. Whether you’re still working, semi-retired, or fully retired, this episode breaks down what really matters at 65.

Adam discusses:

Resources:

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When the credits roll on your first career, what’s next? 

For midlife professionals—especially those in entertainment, reinvention is not just possible, it’s essential.

In this episode, Adam Scott, CFP®, continues his conversation with Liz Mohler to explore career pivot options for midlife professionals. They unpack how changing industries can be rewarding, and they break down the practical steps to start over, while honoring your experience and passions.

Liz and Adam discuss:

Additional Learning Resources:

Corporate Video Production: 

Create promotional, instructional, or branded content for businesses, nonprofits, or institutions. This role is ideal for former film editors, cinematographers, or producers who want to apply their storytelling and technical skills to commercial environments. Projects include marketing campaigns, onboarding videos, product demos, and internal messaging.

Coaching & Education:

Support individuals or groups by teaching, mentoring, or coaching in a specific area of expertise. This could include academic subjects, career development, life coaching, or leadership training. Great for those who enjoy helping others grow and who have strong communication and listening skills. Many former executives or creatives pivot to this role to “give back” and find purpose.

Elder Care Industry:

Work directly with seniors as a caregiver or support them indirectly through management and coordination roles in home care agencies or retirement communities. Positions range from home companions and caregivers to administrators, operations managers, or even elder care franchise owners. There’s strong and growing demand in this sector due to the aging population.

Tech-Adjacent Careers (No Coding Required):

Sell software and tech solutions to businesses. This includes identifying client needs, running product demos, negotiating deals, and maintaining relationships. High-paying and fast-paced, tech sales values strong communication, persistence, and business acumen—perfect for career changers with people skills and a drive to learn.

Craft the language used in apps, websites, and digital tools to guide users through experiences. It’s a fusion of writing and product design, where you simplify tasks and support users through microcopy (e.g., button text, error messages, confirmations). Great for writers, editors, or marketers who enjoy clarity and precision.

Lead cross-functional teams to plan, execute, and complete projects on time and on budget. This career suits detail-oriented professionals with a background in production, operations, or event coordination. Industries include tech, marketing, healthcare, construction, and nonprofit work.

Cybersecurity Analyst:

Protect organizations from cyber threats by monitoring systems, detecting intrusions, and implementing security protocols. This in-demand field offers stable, remote-friendly roles for those interested in tech and problem-solving. You don’t need a computer science degree—just a commitment to learning and some training.

Data Privacy Compliance:

Help companies follow privacy laws like GDPR and CCPA by managing how personal data is collected, stored, and shared. Roles include compliance analyst, data privacy officer, or consultant. Perfect for detail-oriented professionals who enjoy research, regulation, and protecting consumer rights.

Franchise & Business Ownership:

Own and operate a proven business model in industries like senior care, home repair, fitness, tutoring, or pet services. A solid choice for entrepreneurial types who want independence but don’t want to start from scratch. Some franchises are well-suited for career changers with leadership experience.

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About Our Guest: 

Liz Mohler is a well-regarded Executive, Career, and Life Coach with a strong background in academia and a deep commitment to empowering her clients.

For over 20 years, she has passionately devoted her coaching practice to guiding clients toward personal and professional growth.

Her professional experience, both domestic and international, has enriched her perspective and equipped her with expertise in various coaching capacities, including career management, leadership development coaching, team building, and transition coaching across a spectrum of industries.

Currently, Liz serves as an Executive Coach, Speaker, and CORE Guide Facilitator for CHIEF, an exclusive network where she provides support and guidance to women in senior leadership roles across diverse industries. She also works as a consultant for Praditus and Felix Global, providing leadership assessments and outplacement consulting.

She is a frequent guest speaker at conferences, on podcasts, at retreats, and at universities.

Liz’s journey began in Madison, Wisconsin, where she supported herself through college and graduate school by working in residence halls at universities, psychiatric hospitals, alcohol/drug rehab centers, and the Department of Rehabilitation. She later moved to California, launching her private coaching practice while holding pivotal consulting roles at Right Associates and JVS So Cal, coaching executives in entertainment, aerospace, law, medicine, banking, family business, and sales.

Life has a way of pushing us toward reinvention, but how do we embrace change and make it work for us?

How can we turn uncertainty into opportunity and transition into a career that reflects our passions and values?

In this episode, Adam Scott, CFP®, talks with career coach Liz Mohler, M.S., PCC, about the challenges and rewards of career reinvention. They share personal stories, strategies for overcoming self-doubt, and the power of recognizing your transferable skills to make meaningful professional shifts.

Discussion Points:

Connect with Adam Scott, CFP®: 

Connect with Liz Mohler:

About Our Guest: 

Liz Mohler is a well-regarded Executive, Career, and Life Coach with a strong background in academia and a deep commitment to empowering her clients.

For over 20 years, she has passionately devoted her coaching practice to guiding clients toward personal and professional growth.

Her professional experience, both domestic and international, has enriched her perspective and equipped her with expertise in various coaching capacities, including career management, leadership development coaching, team building, and transition coaching across a spectrum of industries.

Currently, Liz serves as an Executive Coach, Speaker, and CORE Guide Facilitator for CHIEF, an exclusive network where she provides support and guidance to women in senior leadership roles across diverse industries. She also works as a consultant for Praditus and Felix Global, providing leadership assessments and outplacement consulting.

She is a frequent guest speaker at conferences, on podcasts, at retreats, and at universities.

Liz’s journey began in Madison, Wisconsin, where she supported herself through college and graduate school by working in residence halls at universities, psychiatric hospitals, alcohol/drug rehab centers, and the Department of Rehabilitation. She later moved to California, launching her private coaching practice while holding pivotal consulting roles at Right Associates and JVS So Cal, coaching executives in entertainment, aerospace, law, medicine, banking, family business, and sales.

In a climate where volatility is the price of admission to long-term wealth, are you truly prepared—not just emotionally, but structurally—for a significant market downturn?

This week on Red Carpet Retirement, Adam Scott, CFP®, takes us deeper into the mindset and math that drives resilient investment strategies. Building on the theme of being ready for a potential 30% (or even 50%) drawdown, Adam goes beyond emotional readiness and unpacks one of the most misunderstood tools in modern investing: valuation metrics.

🔍 Spoiler alert: If your portfolio doesn’t factor in CAPE ratios, you may be flying blind.

🎧 Adam dives into:

✅ The mental prep investors need when headlines start screaming and prices start falling

✅ Why the CAPE ratio (Cyclically Adjusted P/E) isn’t just academic—it’s your market compass

✅ How historically high P/E ratios should inform—not terrify—your allocation decisions

✅ Building a portfolio that doesn’t just grow—but endures storms and thrives after

✅ Asset classes that offer better value right now, including overlooked international and bond opportunities

Resources: 

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How would you react if the US stock market suddenly dipped by 30% or even 50%? The unpredictability of financial markets can be intimidating, but fear not—there are ways to prepare and to protect your portfolio.

Join host Adam Scott, CFP® as he dives into the volatile world of market declines, addressing common investor fears and discussing the importance of mindset and a well-planned portfolio. Adam shares real-life anecdotes and valuable insights that challenge the knee-jerk reactions to headline-grabbing news events. You’ll gain a deeper understanding of why unexpected events, like AI’s influence on the market or significant political trends, can be opportunities in disguise… whilst the real dangers may lurk beyond the headlines… and how to protect yourself from them.

Adam discusses: 

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How can Entertainment Industry members best ensure financial stability in retirement? 

Understand how the Motion Picture Industry and Health Plans work as this episode explores the benefits, strategies, and vital decisions shaping retirement for industry members.

Adam Scott, CFP® interviews David Asplund, CEO of the Motion Picture Pension and Health Plan, who explains the robust framework supporting financial and healthcare security for entertainment professionals. David addresses common misconceptions, clarifies plan options, and emphasizes the importance of informed retirement planning.

David discusses:

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About Our Guest: 

David Asplund is the CEO of the Motion Picture Pension and Health Plan, where he oversees the financial and operational management of retirement and healthcare benefits for professionals in the entertainment industry. With extensive experience in finance and plan administration, David is dedicated to work on the long-term stability and success of these critical programs. His leadership focuses on delivering robust resources, educating plan participants, and adapting to the evolving needs of the industry.

The information presented here is general, high-level, and educational in nature. Please see the Plans’ Trust Documents and the Summary Plan Description (“SPD”) for the complete set of rules that cover the Plans. In case of any inadvertent errors, the rules defined in the Trust Documents and SPDs will govern.