The John Chapman Show Podcast

With the end of the year fast approaching, John talks with Kyle Casserino, Vice President, Charitable Planning Consultant at Fidelity Investments, about how and why to use a Donor Advised Fund as a strategic tool and as a way to simply giving. 

During the episode they discuss:

• The mechanics of a Donor Advised Fund
• The opportunities to gift appreciated stocks, small business interest, or other assets in order to potentially receive a income tax deduction and avoid capital gains tax
• The process for online distributions to registered 501(C)(3)'s 

For more information, check out https://www.fidelitycharitable.org/. Or connect to John directly at: https://www.thejohnchapmanshow.com. 

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John talks with fellow WorthPointe advisor Matt Addington CFP® about Back Door Roth Conversions as a fellow up to Ep. 52 where Matt and John talked about Roth Conversions in general. 

During the show, John talks about:

• The Why behind wanting to have a portion of an investors portfolio in a Roth IRA
• The mechanics of a Back Door Roth Conversion 
• The major barriers that often disqualify investors and mistakes to look out for

At the end, Matt and John talk also about a Mega Back Door Roth strategy within an active 401k Plan. 

Connect to John directly at: https://www.thejohnchapmanshow.com. 

Disclaimer reminder that this is not tax advice and should be review with your financial planner and tax advisor 

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John interviews David Blanchett, the Head of Retirement Research at Morningstar, to discuss how to generate retirement income. 

With interest rates at historic lows and longevity expectations longer than ever, many retirees face the challenge of having to generate income from their investments for potentially 3 or 4 decades.

As a result, many researchers suggest incorporating an income annuity as part of the overall portfolios a way to balance all the various risks. 

During the show, David talks about:

• The different types of annuities, such as accumulation vs. income annuities
• The benefits of risk pooling and mortality credits
• The psychological impact of spending down an investment portfolio vs. receiving guaranteed income 
• How to think about layering annuities into an overall income plan 

You can check out more about David here: https://www.morningstar.com/authors/1738/david-blanchett

Disclosure: this is not a recommendation for an annuity, but rather a fun and educational conversation so you can talk with your advisor and weigh the pros and cons. 

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With a month to go until the 2020 Presidential election, many investors are wondering how the stock market might react and are concerned about how to be invested leading up to November. 

On this weeks episode, John interviews WorthPointe's CEO Christopher Van Slyke for some helpful perspective on how to be invested amidst what feels like a volatile market. 

During the episode Christopher and John talk about: 

• How the Stock Market factors in all of the information from the news cycle
• How much of the market performance is impacted by the presidential outcome
• What history can tell us about how the market performs for various Presidents and their parties

Be sure to check out this helpful guide which is referenced during the show: https://bit.ly/3izd9fF

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Johns interviews Michael Finke, PhD and Professor at Texas Tech University and The American College of Financial Services about the challenges and opportunities for retirees today. With such low yields, increasing longevity and health care costs and potentially rises taxes, retirees faces a unique set of challenges, which can at times feel very daunting. Fortunately, given his extensive research, Michael shares a number of helpful insights for those looking to better invest and spend their money. 

During the episode, Michael talks about:

• Income replacement rates, or how much a pre-retiree should actually be trying to accumulate based on their spending patterns in their working years
• Safe withdrawals rates for retirees so they balance spending money from their investments without running amount of money 
• Retirement happiness and ways in which spending can increase or decrease our happiness throughout life 

At the end, Michael also talks about how we should be vigilant about our aging parents, or even ourselves as we get older, since we often experience a lot of cognitive decline but rarely feel any loss of confidence in our old age. 

A big thank you to Michael for joining John on the show! 

For more information, you can check out https://www.theamericancollege.edu/our-people/faculty/michael-finke and https://www.thejohnchapmanshow.com/. 

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John talks some of the most common myths that investors have when it comes to working with a financial advisor and managing a retirement plan. 

During this episode, John talks about the 5 biggest myths, including: 

1) A financial advisor will help me pick stocks to beat the market

2) I need to invest in dividend stocks so I can spend the dividends and keep the principal

3) My tax rate will be lower in retirement

4) I can easily self-insure for a long term care event

5) My situation is simple and doesn't require estate planning 

In the end, John talks about his frame of reference on these topics, having worked with hundreds of clients of the past decade, and hopefully sheds light on these issues so you can think about them in a new way. 

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John provides some context and background as to why so many companies have frozen their pensions and have opted for a pension lump sum offer to current and former employees.

In this episode, John shares some of his experience with clients over the past decade, and one story in particular that will make you cringe!

With so much on the line in deciding what option to take, John provides his 7 Step Checklist as a guide to help you better manage the pros and cons.

The 7 Steps Include: 

1. What is your timeframe to retirement?
2. What is your health situation and longevity expectations?
3. How much income do you need to sustain your lifestyle?
4. How much in assets do you have saved? 
5. What is your risk tolerance and investment skill?
6. What is the company's status?
7. What are your family consideration?

Has your company offered a pension lump sum offer and are you wondering what the best option is?

Schedule a no obligation consultation with John here: https://calendly.com/johnchapmanwpwm/client-meeting-30-minutes

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John talks with local estate planning attorney, Darlynn Morgan at the Morgan Law Group, about the various aspects of estate planning and why it's so critical to put a plan together.

During the episode, Darlynn talks about a recent story about some of the gaps in Kobe Bryant's estate plan, and how that can inform all of us about how to and when to update our plans.

Darlynn also talks about what documents are involved, such as:

• A financial power of attorney
• An advanced health care directives
• And a Will vs. a Trust.

Be sure to listen till the end where Darlynn shows her own personal story about losing her first husband in her early 30s and how that impacted her career as an estate planner.

For more information, check out: http://morganlawgroup.com/

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John talks with his fellow financial advisor and WorthPointe coworker Matt Addington in the Dallas TX office about how to decide whether a Roth Conversion is an effective strategy in your retirement plan.

During the episode, John and Matt first share some insight into what exactly a Roth Conversion is, and how it's different from things like a Roth IRA contribution.

Matt also talks about weighing the risks and opportunities of paying taxes now vs. sometime in the future when tax rates could have changed.

*Be sure to incorporate your tax advisor in this conversation since this is just education and not tax advice*

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John talks with Medicare specialist Bob Bernardo about the top 3 most costly Medicare mistakes and how to avoid them.

In the episode Bob provides an overview of Medicare parts A, B, C and D, as well as the various supplemental Plans. 

Bob also talks the process and timing of when to sign up for Medicare. And be sure to listen to the whole episode to learn how you can avoid any costly mistakes and maintain full coverage throughout your working and retirement years.  

For more information, check out https://medicarebenefitadvisers.com/about.html

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