What’s the secret to raising financially and mentally healthy young adults? This is never easy, and for wealthy families it can be particularly challenging.

This week on Red Carpet Retirement, Adam Scott, CFP® teams up with Liz Mohler, an esteemed ICF-accredited career and life coach, to explore the complex but crucial topic of raising financially and mentally healthy children. Their conversation includes strategies for instilling a healthy relationship with money in children, especially those growing up in affluent environments, and shared experiences aimed at guiding your kids toward a prosperous and balanced future. They tackle the complexities of parenting in today’s economic landscape, offering actionable advice on everything from allowances to nurturing a sense of purpose, so vitally important to mental health.

By combining insights from financial planning with invaluable life coaching expertise, this discussion is a must-listen for parents who want to equip themselves with the knowledge to guide their children toward financial and mental well-being.

Adam and Liz discuss:

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About our Guest: 

Liz Mohler is a well-regarded Executive/Career and Life Coach who has a strong background in academia and a deep commitment to empowering my clients. For 20-plus years Liz has passionately devoted her coaching practice to guiding clients toward personal and professional growth. Liz’s professional experience, both domestic and international, has enriched her perspective and equipped her with expertise in various coaching capacities including career management and leadership development coaching, team building, and transition coaching across a spectrum of industries.

They say retirement is like a second childhood—except this time, you’re the one in charge!

It’s time to set new goals!

This week on Red Carpet Retirement, Adam speaks with Liz Mohler, an esteemed ICF-accredited career and life coach, about setting goals in retirement. While focusing on the importance of goal setting and finding purpose, they address the emotional and social challenges retirees face, such as the loss of work-related social networks and the need to redefine daily routines. Liz offers her expertise on navigating these changes, emphasizing the value of mentoring and volunteering. Adam shares personal anecdotes, including his own struggle with the concept of retirement and his wife Cynthia’s positive experiences post-retirement. 

The episode is a deep dive into the varied experiences of retirees and the quest for fulfillment beyond one’s career.

Adam and Liz discuss: 

Connect with Adam Scott: 

Connect with Liz Mohler:

About our Guest: 

Liz Mohler is a well-regarded Executive/Career and Life Coach who has a strong background in academia and a deep commitment to empowering my clients. For 20-plus years Liz has passionately devoted her coaching practice to guiding clients toward personal and professional growth. Liz’s professional experience, both domestic and international, has enriched her perspective and equipped her with expertise in various coaching capacities including career management and leadership development coaching, team building, and transition coaching across a spectrum of industries.

2023’s market forecasts were dark, but the markets kept out of the shadows. Let’s take a look at what we think 2024 may look like.

This week on Red Carpet Retirement, Adam Scott reflects on 2023’s financial market outlook. Looking forward into 2024, he talks about the potential impact of the Federal Reserve’s policies, inflation, and interest rates, as well as how the upcoming presidential election might influence market dynamics. Adam also touches on the recent performance of stocks and bonds, corporate earnings, and provides an economic forecast for 2024.

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Are you looking for ways to maximize your tax-advantaged retirement savings bucket? (In other words, a savings bucket where both growth and withdrawals are tax-free!)

A mega backdoor Roth 401(k) might be what you need.

This week, Adam Scott, CFP®, delves into the ins and outs of a mega-backdoor Roth 401(k), a financial maneuver that can potentially help you supercharge your retirement savings. You will also learn how an IRA is different from a 401(k) account, and ways to optimize your retirement income strategy.

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There are many benefits to  Roth conversions. But beware! Don’t step on a land mine when implementing that can blow your finances up! 

In this episode, Adam introduces his new co-host, Patrice Sikora, before discussing the benefits of Roth conversions. They highlight how these conversions can help reduce taxable income and potentially avoid higher taxes and higher Medicare premiums in retirement. Adam also discusses the impact of Roth conversions on financial aid for college and the importance of considering state taxes. The conversation concludes with an important reminder to not jump into Roth conversions alone and to avoid common mistakes by consulting a financial professional.

We’re not here to spread alarm but to unravel the intricate web of challenges and transformations reshaping the commercial real estate sector. Join us for an in-depth exploration of what’s causing the downtown commercial real estate Armageddon and what it means for the future of these urban landscapes.

In this episode, Adam Scott, CFP® discusses the current real estate environment and potential challenges in the market. As the conversation weaves through these market dynamics, Adam reflects on the broader implications for companies. With a substantial amount of empty office space ranging from 50% to possibly 70%, businesses are confronted with the need to renegotiate leases in a landscape where real estate owners grapple with mounting challenges. He also touches on mortgage rates, decreasing demand, and increasing apartment building supply.

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When it comes to financial advisory, finding the right balance between innovation and caution is crucial. 

With the rise of data and technology, risk analysis software has become a popular tool for guiding investment strategies.

But should we rely on this software? What are the risks of doing so?

In this episode, Adam Scott explores the world of risk analysis software in the financial advisory industry. He uncovers the misuse of the software by some advisors who manipulate them to present past performance and cherry-pick investments, emphasizing the importance of combining it with wisdom and knowledge.

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Real Estate values always go up, right?

In this episode, Adam provides an in-depth analysis of the future of rental properties. They dismantle the perception of real estate as a guaranteed win, exploring the pros and cons, tax implications, financial intricacies, and potential challenges of managing rental properties.

Throughout the episode, Adam covers:

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We’ve received a lot of questions about real estate and Adam Scott addresses them in this two-part real state series.

In this episode, Adam talks about real estate across America and how the future may differ from what we’ve seen happen historically. He goes over what’s going on with the housing market, whether it’s a good time to buy or sell, how taxes can affect the housing market, and what tax strategies you can use to minimize your real estate taxes.

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Medicare doesn’t cover long-term care. If you thought it did or haven’t purchased long-term care insurance for any other reason, Adam has 10 things for you to think about before you make your final decision.

In this episode, Adam Scott, CFP®, introduces a dear friend of his, Jennifer Burnham-Grubbs, Founder of Quantum Insurance Services and Women Of Wealth, to go over 10 things you should know about long-term care insurance. 

Adam introduces the list with a personal story about his family’s experiences with needing long-term care before diving into the ins and outs of long-term care, unravelling the crucial factors determining whether it’s right for you. From understanding the amount of coverage you need, to discovering who can benefit from long-term care insurance.

Adam and Jennifer discuss: 

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About our Guest: 

Within the business, entertainment and high-net-worth circles of Southern California, Jennifer

Burnham-Grubbs, Founder and CEO of Quantum Insurance Services and senior wealth advisor,

is renowned for her strategic insights into A-rated insurance products that build wealth, financial

freedom and security.

Rather than as just a bill to pay, Jennifer sees insurance as a gateway to wealth and well-being.

Her unique background, expertise, and perspective on insurance, tax and financial strategies

shift the approach to guiding businesses and individuals who want to protect themselves, their

families and employees while growing assets and savings. This approach has catapulted

Jennifer into the spotlight as a leading female in the insurance sector and positioned Quantum

Insurance Services as an award-winning, innovative, client-focused financial well-being

brokerage firm for health and wealth protection and growth.