The Financial Lab

Kiplinger says one of the reasons people buy annuities is that they help take away some of the worry about affording retirement. David and Travis discuss the pro's and cons of annuities and if this could be a fit for YOU.   

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As 2020 starts to come to a close, what end-of-year planning should you be doing NOW? 

Then, it was one of the most talked about topics during the 2020 election - TAXES. What can we do now to prepare for big tax changes headed our way in 2021?  

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Christmas has come and gone and we are just days away from ringing in 2021!  

Hear why one couple said Covid was one of the best things that happened to them in 2020. What is your plan for retirement, how will you fill the day? Travis and David share incredible client stories that will have you laughing with envy! 

There are some big tax changes coming our way - are you prepared ? Find out how the Financial Lab can help YOU! 

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Do people ever describe you as a “creative” type?  Unfortunately, researchers at Texas Tech University say that means you’re likely to go through your retirement savings more quickly than someone who’s not creative.  On the other hand, people who are “conscientious” supposedly spend down their nest egg at a much slower rate.  Who knows – maybe personality traits can tell us something about our financial future – or maybe it’s just another silly study?  David and Travis discuss how they help their client, creative or not to NEVER run out of money! 

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Caught up with the father/son team David and Travis and got the behind the scenes story of David's latest injury. A lot of people – especially guys – hate going to the doctor.  And because of that, they ignore warning signs that something might be wrong.  That happened earlier this year with personal finance author Suze Orman. Hear her thoughts on managing your health and your wealth after she had been ignoring what turned out to be a tumor on her spine!

Are there any retirement-related issues that you see people neglect, over time? 

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After checking in on the progress of the Shepherd family Christmas shopping, we discuss a financial topic that irritates everyone: Fees! -Yes. There’s a cost of doing business, but most of us try to find the best value for our dollars. David & Travis explain why it shouldn’t be any different with your investments, and how they helped a family (one they’ve worked with for 3 generations) discover some excessive fees they were unknowingly paying elsewhere. Listen to find out what you need to watch out for when it comes to the fees inside your retirement portfolio!

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The election was so polarizing that you likely didn’t hear about the new legislation proposed in Congress and how it could impact your portfolio. That’s why on this episode, David and Travis simplify the “Securing a Strong Retirement Act of 2020” and how it could affect your portfolio and RMD (required minimum distribution) plan. Spoiler Alert: It’s positive news for many retirees! Plus, they share a heartwarming story about how they helped a window keep her husband’s legacy alive… while being tax efficient.

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We’re all waiting to see who will be elected November 3rd. Donald Trump and Joe Biden have made it clear that they have drastically different ideas about taxes, and those differences could affect our individual bottom line. But how will wall street react to the election results? Should we be nervous about what the market will do over the coming weeks? Listen as Travis spotlights the facts we should focus on instead of the politics and hype, and what to focus on financially as we wrap up the most bizarre year of our lives.

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After hearing how Country Music’s funny man Brad Paisley approaches the future with his family, David and Travis tell two real life stories that confirm why your portfolio isn’t just about money. It needs to be diversified in a way that allows you to have quality time and experiences with your family. Listen to find out how giving your money purpose can help you focus on the RIGHT goals, and ultimately craft an income and spending plan for your retirement to meet those goals.

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October 19th, 1987 is known as Black Monday because that’s the day the Dow lost over one-fifth of its total value, the largest single-day decline in trading history. That plunge was not broken until the recent pandemic-driven selloffs in March. David and Travis spotlight what we’ve hopefully learned since then, and what to consider with your own portfolio, even when it comes to taxes.

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