We’re always being asked about what investment class we’d encourage in today’s climate—even more specifically, about gold, silver, or bitcoin. For today’s episode, we brought in Nathan Akers, an expert from National Gold Consultants, to discuss the value and investing patterns of each!

Listen in as we talk through the history of currency, how the feds are monitoring inflation, and thoughts on these three investment opportunities! We’re sharing why they’re all unique, the patterns of value over time, and how you should shift your perspective when investing in each currency.

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If you take a look at history and the trends that led to the Great Depression in 1929, you may see a few similarities to what we’ve experienced in the last few years. This would lead one to believe that there may be another Great Depression on the horizon.

Brian Beaulieu, the CEO and chief economist at ITR Economics, is know for the accuracy of his economic predictions over the years. With an accuracy rate of 95%, one wouldn’t ignore what he has to say. In today’s episode, we’re diving into his thoughts on another Great Depression by 2030 and sharing how you can prepare financially now, whether it happens or not.

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Show Notes

Who is Brian Beaulieu? (1:51)

About the Great Depression in 1929 (3:03)

Trade Imbalance  (5:02)

The Accuracy of Brian Beaulieu’s Predictions (6:37)

Traits of a Great Depression (11:56)

Economic History of the United States (13:34)

Winners & Losers in the Great Depression (14:12)

The Impact of a Great Depression on Generation Y (18:55)

Depression Action Plan (25:17)

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Prosperity: The Age of Prosperity in Decline by Brian Beaulieu

You spend nearly your whole life planning and saving for retirement—are your efforts setting you up to avoid paying taxes on your life’s savings?

In this episode, we discuss Ed Slott’s new book, The New Retirement Savings Time Bomb, and share a few things you need to know about The 2019 Secure Act and how it impacts not only your assets in retirement, but your beneficiaries as well!

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Show Notes

Intro (:00 – :38)

The New Retirement Savings Time Bomb by Ed Slott

The Secure Act (4:44)

The Impact on Non-Spousal Beneficiaries with Roths (8:16)

New Planning Alternatives (8:58)

Working with a Tax Coach (10:52)

Why IRAs May Be Moving to the Trash Heap for Estate Planning (17:41)

Building a Cash Value Tax-Free (18:58)

Impact on Estate Inheritance for Farmers (19:07)

Life Insurance is a Cornerstone (20:21)

Trust Work -  (23:01)

Self Cancellation Installment Note - SCIN (23:18)

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The New Retirement Savings Time Bomb by Ed Slott

Over the last few years, Congress has introduced new legislation that impacts your retirement and how you should be planning for it. In 2019, the Secure Act was passed, but Congress is at it again and has recently drafted the Secure Act 2.0.

In today’s episode, we’re discussing the impacts that the Secure Act 2.0 may have on your retirement planning and what to look out for if it’s passed.

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Show Notes

Intro (:00 – :38)

About the Secure Act 2.0 (1:18)

History of the Secure Act (5:32)

Four Key Ways the Secure Act 2.0 Will Impact Retirement Planning (12:40)

1. Raising the catch-up contribution limits (13:27)
2. Require 401k and 403B and Simple Plans to Automatically Enroll Participants Upon Becoming Eligible (17:06)
3. Increase the Required Minimum Distribution Age (22:00)
4. Expanding Use of After-Tax Contributions to Roth Accounts (23:45)

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In behavioral finance, we can explore how psychology influences our behaviors and decisions in finance and investing. Have you taken the time to explore how behavioral finance can determine what type of investor you are?

In today’s episode, we’re discussing different investor types, and how that will impact your experience with finances and investing! Listen in to determine what type of investor you may be!

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Show Notes

Intro (:00 – :32)

This Week’s Article: Behavioral Finance 16 Ways to Outsmart Your Brain for More Wealth and a Better Retirement (00:38)

Introduction to Behavioral Finance (1:20)

Rule of Loss Aversion(4:25)

Scenario Perception (8:01)

Understanding Your Own Motivations: What’s Most Appealing to You? (9:39)
Behavioral Investor Tendencies (10:51)

Decision Making & Decision Paralysis (14:16)

Anchoring - One Dimensional Approach (19:34)

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In the past, inflation has impacted the economy on many occasions, but more specifically, after a major crisis. As we begin to see our world opening back up after the global pandemic of 2020, we’re already seeing impacts of inflation on everyday items and raw materials.

In this episode, we’re discussing the things you should worry about, the things you shouldn’t, and how this could impact your income in retirement. Listen in as we share historical data from the 1970’s and 2008, where our country came back from a crisis.

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Show Notes

Intro (:00 – :35)

Planning for Vacation (:36)

This Week’s Article: Inflation worries are back. Here’s what you should worry about — and what you shouldn’t. (1:40)

Impact of Economic Crisis on Inflation (2:25)

Pre-Crisis vs Now Inflations in Raw Materials (5:23)

Consumer Price Index (6:24)

Spending Habits Post COVID Crisis (7:27)

Inflationary Worries Post COVID Crisis (9:23)

Inflation Averaging (10:19)

History of Inflation and Price Increases (11:57) 

Inflation Impacting Your Budget Today (13:56)

Importance of Considering Inflation in the Diversification of Your Portfolio (15:11)

Segmentation: Episode 51: How to Retire Early (17:45)

What’s Different Now vs. 1970s? (19:43)

Impact of Missed Tax Dollars on International Goods (21:31)

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Are you doing your research and planning on how to retire early? If you’ve been playing around with the ideal, it’s important to review the potential strategies available to actually find a way to approach early retirement!

In this episode, we’re discussing how to develop a written income plan, the approach we take with our clients to retiring early, and three different planning strategies you need to consider!

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Show Notes

Intro (:00 – :35)

This Week’s Article: How to Retire Early

Plan for the Lifestyle You Want in Retirement (2:01)

Income Planning Recommendations (2:47)

The Written Income Plan (3:45)

Begin with the End in Mind (4:24)

Three Planning Strategies for Early Retirement

1. Flooring Income Strategy (5:58)
2. Segmentation Strategy (13:24)
3. Flexible Withdrawal Strategy (17:30)

Redefining Wealth Process (21:47)

Risks in Retirement (23:30)

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Your investments into retirement are a valuable and irreplaceable commodity that will impact the rest of your life—do you know the person you’re leaving that responsibility with?

Understanding which financial advisor is right for you is one thing that most investors don’t realize they need to do. If your financial advisor isn’t getting to know you or your unique situation, it’s time to start asking questions.

In today’s episode, we’re discussing what misrepresentation of a financial advisor looks like in the finance industry, sharing the questions you should be asking, and walking through our personalized Redefining Wealth Process at LS Wealth Management.

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Show Notes

Intro (:00 – :49)

Catfishing in the Financial Profession (1:09)

Finding a Financial Advisor that Works for You (2:01)

Questions to Consider When Deciding Who Is Right for You (3:51)

Sales Person vs.. Financial Advisor (5:00)

Allegiance to Investment Firms (8:00)

Fiduciaries (8:26)

Suitable/Suitability (8:47)

Example of Irrevocable Investment by A Captive Company (9:17)

Scalpel vs. Meat Cleaver Example (11:53)

The Redefining Wealth Process: (14:43)

What are your client’s goals? (16:34)

Getting to Know Your Client: (18:15)

Holistic Approach (24:48)

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Do you understand what taxes you’ll be required to pay in retirement? Under new tax plans, you’ll likely be paying more than you anticipated.

In today’s episode, our team talks through the changes in taxes that have happened over the last year, what this means for you, and how you can plan for them and protect your retirement. 

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Show Notes

Intro (:00 – :38)

Subscribe to Weekend Reading (2:38)

Why Preparing for Higher Taxes Is Impactful (3:02)

Where Millionaires are Investing (3:28)
The Problem with Investments & Taxes (4:38)

ERISA - Employee Retirement Income Security Act of 1974 (6:55)

Balancing Act of Money Owned vs. Taxes in Retirement (9:02)

Tax Benefits & Taxing Long-Term Capital Gains  (12:37)

Tax for One Million Dollar Income Earners & Their Investments (14:02)

Elimination of the Carried Income Loophole (15:12)

Post-Pandemic Tax Impact on Small Businesses (16:05)

Eliminating the Step-up In Basis (16:50)

The 2021 Golden Year (18:44)

Long-Term Tax Minimization Strategy (21:50)

Life Insurance - IUL (22:57)

Treating Cash Value as A Fixed Income Investment - Episode 48

Components to Consider When Building Your Portfolio (24:15)

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If you’re investing in an IRA, a 403b, a traditional 401(k), etc., it’s important that you understand the taxation on your savings vehicles, as well as develop a tax diversification plan. 

Listen into this episode as we discuss how your taxes could be impacted under the current proposed tax plan, what an Index Universal Life insurance plan offers in comparison to other vehicles, and highlight the importance of working with an expert for your financial planning.

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Show Notes

Intro (:00 – :35)

Subscribe to Weekend Reading (00:50)

This Week’s Article: Treating Cash Value as A Fixed Income Choice 

Being Proactive with Tax Planning (2:15)

Health Savings Account (HSA) (2:47)

Capping Out in Your Investments (3:08)

Taxes in IRA, 403b, or 401(k) (3:20)

Concerns in Taxation (4:00)

The Importance of a Tax Diversification Plan (4:20)

Tax Proposal Bill Affects (4:48)

Two Things That Increase a Deficit (6:25)

You Should Be Fully Funding Your Roth IRA (7:24)

IUL - Index Universal Life & Section 7702  (8:05)

Attractive Attributes of an IUL (9:29)

IUL as a Swiss Army Knife (11:05)

IUL Changes in January 2021 (14:43)

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Make sure you’re subscribed to the Weekend Read at redefiningwealth.info! 

Principal Protection (17:26)

Analyzing Risk Assessment (18:11)

Investing in Bonds (19:00)

IUL vs. Bond (19:44)

Cash Value Life Insurance (21:00)

Insurance Companies Can Purchase Bonds that Individuals Cannot (22:18)

Defining the Purpose of Your Money & Plan (24:26)

Feeling Comfort in Uncertain Times (24:58)

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