While money itself is unbiased and unemotional, most of us come into adulthood with our own set of beliefs about the management and usage of money. We will examine the three keys areas to financial risk: financial independence, risk capacity, and bias tendencies. We will do a deep dive into the emotional and psychological reasons behind financial decision-making. The failure of most current systems is that they only measure risk tolerance. Find out how this could impact your retirement and investment success over the long haul.

The Financial Market has been at All Time Highs. But an area people do not plan for is legislative risk, tax risk, and income planning in retirement. Investing is not all about which stocks to pick. The Secure Act is the most significant legislation in recent years which was signed into law December 19th, 2019. How will it affect IRA’s and Retirement accounts? Find out on The Retirement Talk Podcast, where we Redefine wealth and your money.

The Financial industry as a whole and Wall Street firms have failed many individuals and families. Our schools do not educate people with financial literacy, and most educated adults are still confused with the many nuances that exist in financial services. We believe you deserve the best information. Your best interest should be served. We are here to help you redefine wealth on The Retirement Talk Podcast with your host Laura Stover.

On this episode of the Retirement talk podcast we will discuss Taxes and IRA’s. How could a tax rate increase of 10% lead to a tax payment increase of over 70%? That’s what we will explore today along with what is the most important line on your tax return. Resources: Math discussed in today's episode: To take a distribution of $3000/month, to allow 20% for taxes, you would need to take out $3,750/month - $3000 to you and $750 (20%) to Uncle Sam. Multiply that by 12 for a total of $45,000 taken out - $36,000 to you and $9,000 to the IRS. If tax rates increase to 30%: To net the same $3,000 per month: You'll need to withdraw an additional $1,286 monthly for a total of $4,286. $3,000 to you, $1,286 in taxes. Multiply that by 12, and to net the same $36,000 annually, you'll need to take out a total of $51,432. $36,000 to you, $15,432 in taxes. The $9,000 you needed for a 20% tax rate is now $15,432 at 30%- an increase of 71% to net the same amount - with only a 10% increase in taxes. If you'd like to know more, or to contact Laura Stover, you can email her at [email protected] - or call 855-419-PLAN. That's 855-419-7526.

There are three different types of financial advisors and levels of investment help. Do you know the difference between the 3? It's important to find an advisor with the right skillset for your unique needs as well as to ensure they service you in the way that you would like. How do you know which type is right for you? We believe you deserve advice based on your best interest. We will cover some key questions to ask, as well as some red flags to avoid. Sit back take notes and enjoy The Retirement talk Podcast, Redefining wealth, with your host Laura Stover.

Did the financial markets have your attention in August? We assume so. After all, there was an 800-point drop in the Dow. This was the worst day in the U.S. stock market this year. And while many investors missed it, the December 2018 plunge in stock prices capped off a 20% decline which started in October. That could have put a big divot in the plans of folks recently retired or in the late stages of their careers. Even though we have seen a healthy rebound, how do you need to plan to full proof your portfolio? We will discuss the factors that could set you back. All on this week’s Retirement Talk Podcast | Redefining Wealth with Laura Stover.

This week's Retirement Talk Redefining Wealth Show discusses a pending retirement rule change that could Impact your IRA or 401k Account. It could make the IRS Your Biggest IRA Beneficiary! Listen in as Laura Stover breaks down the Secure Act and shares her thoughts.

Retirement Talk Redefining Wealth and your Money with Laura Stover, is a podcast that educates, entertains, and helps prepare our listeners for retirement. It's a show designed for those looking to maximize their financial efficiency and fulfill their lifestyle. If you want to stay current on relevant financial planning and retirement topics, this is the show for you. It is also geared toward those needing to transition from accumulation to preservation and the shift necessary in how money is managed. Subscribe for free in your favorite podcast app, and join you host, Laura Stover, for The Retirement Talk podcast.