Today we’re talking about media hype and how it can lead people to make bad financial decisions that could cause problems with or ruin their retirement. Find out if you have fallen for any of this hype.

What we discuss: 

3:00 – Bitcoin

3:59 – Rhode Island couple

9:40 – Questionable Internet scheme

11:40 – Buying gold

14:20 – Investing in crypto

16:15 – Required minimum distributions

Resources: 

https://leedaily.com/2021/12/05/a-couple-stored-ira-gold-at-home-they-owe-the-irs-more-than-300000/

https://www.irahelp.com/slottreport/proceed-caution-when-investing-your-ira-gold

Get additional financial information: https://doncashpodcast.com/episodes/

We are wrapping up our series on economic storms this week by focusing on the media. Between constant headlines and breaking news, there can be a lot of news to sift through. So, what should we expect from the media throughout 2022?

Screen Time -

https://www.comparitech.com/tv-streaming/screen-time-statistics/#:~:text=The%20average%20American%20spends%20over,at%20a%20screen%20every%20day.

The Social Dilemma –

https://www.thesocialdilemma.com/

The Reticular Activating System -

https://www.sciencedirect.com/topics/veterinary-science-and-veterinary-medicine/reticular-activating-system#:~:text=The%20reticular%20activating%20system%20(RAS,awake%2C%20desynchronized%20cortical%20EEG%20patterns.

What we discuss: 

0:42 – Snow storm!

2:41 – Financial news

4:18 – How big media works

6:29 – Getting you addicted

8:21 – Collecting your information

10:15 – Goal to get people watching       

11:43 – What do you get from the media?

13:13 – What actions are you going to take?

14:54 – Using keywords to get views

16:47 – Inflation is a real concern

18:24 – How do we deal with it?

20:18 – Don’t act on greed, fear, or anxiety

Get additional financial information: https://doncashpodcast.com/episodes/

What other economic storms can we expect in 2022? We’ll discuss stock market dips, geopolitical tensions, and more today.

What we discuss: 

0:49 – Kids are back in school

4:37 – Historical tax rates

6:54 – Stock market turmoil

9:33 – Selling out of panic

10:56 – Diversification matters

12:57 – Geo-political risks

15:13 – Supply chain issues

17:51 – Increase in rent

19:12 – Top expenses

22:39 – Quality of life

Get additional financial information: https://doncashpodcast.com/episodes/

What economic threats should we be preparing for in 2022? We’ll discuss inflation, taxes, and political turmoil today and how these storms could impact your plan.

What we discuss: 

1:05 – We are into 2022 

3:09 – There is a lot to worry about 

6:09 – Inflation touches 7%

10:04 – Prepare for inflation

12:40 – Taxes in the short term and long term

17:03 – State income taxes 

19:52 – Stealth taxes 

23:22 – Political turmoil

Resources:

https://www.wsj.com/articles/the-best-investment-2022-stock-market-advice-11641571196

Get additional financial information: https://doncashpodcast.com/episodes/

As 2021 comes to an end, what can we learn from this year? On today’s episode, we’ll discuss some of the top headlines and predictions of this year. How many of those predictions turned out to be correct?

Read and get additional financial information: https://doncashpodcast.com/podcast/2021-year-in-review/

What we discuss: 

1:06 – 2021 is coming to an end

2:47 – Highlights, headlines, and predictions

3:47 – Let’s not put too much pressure on 2022

5:24 – Making financial decisions based on the news

7:30 – COVID impacting the market

10:27 – Is this inflation permanent?

14:00 – Political review of 2021

15:13 – Being prepared for the next year

17:03 – Investments in cryptocurrency

Giving Tuesday was this week and we are entering the most charitable time of the year. What do you need to know about charitable giving and taxes?

Read and get additional financial information: https://doncashpodcast.com/podcast/the-season-of-giving/

What we discuss: 

4:09 - Itemized deductions vs. standard deductions

8:20 – Allowance of $300

9:39 – RMDs and giving

12:14 – What if you are under 70 and a half?

13:45 – Donating appreciating stock or real estate

16:04 – Estate planning standpoint

18:22 – Cash connection question

More Resources: 

https://www.pe.com/2021/11/07/gift-money-now-before-estate-tax-laws-sunset-in-2025/

https://www.forbes.com/sites/ashleaebeling/2020/12/22/new-bigger-charitable-tax-break-for-2021-in-year-end-spending-package/?sh=56747c5a5710

https://www.kiplinger.com/taxes/tax-deductions/601993/charitable-tax-deductions-an-additional-reward-for-the-gift-of-giving

https://www.kiplinger.com/taxes/603773/5-year-end-moves-to-help-retirees-trim-their-tax-bill

Inflation! We are seeing it everywhere. From the gas we buy to our Thanksgiving turkeys, prices seem to be going up everywhere. How does this affect Medicare? Well, you’ll probably be paying more on premiums. Will the infrastructure bill make inflation worse? That remains to be seen but you should stay vigilant. We will discuss these issues and how they impact you on today’s show.

Read and get additional financial information: https://doncashpodcast.com/podcast/inflation-infrastructure-medicare/

What we discuss: 

0:53 – Thanksgiving is coming up!

2:09 – Inflation is heating up

4:30 – Medicare premium letters

7:11 – 2020 tax year for 2022 Medicare surcharge

8:34 – Infrastructure bill passed

11:16 – Will the bill affect inflation?

13:02 – Investors navigating inflation

15:17 – Residential real estate investments

17:23 – Home prices in the past

20:55 – How does inflation affect retirement planning?

24:11 – Mailbag: Will I run out of money without a budget?

It is open enrollment season for Medicare! On today's show, we are going to discuss Medicare with expert Ray Martin. We will be covering the different types of plans, premiums, and tips you should be aware of as you reach age 65 and beyond. 

Read and get additional financial information: https://doncashpodcast.com/podcast/the-abcs-of-medicare/

More Resources: 

A Brief History of Medicare -

https://www.medicareresources.org/basic-medicare-information/brief-history-of-medicare/

Medicare Handbook –

https://www.medicare.gov/medicare-and-you

The Nuts and Bolts of Medicare Book -

https://martinmedicare.lpages.co/fmbcom/

What we discuss: 

0:45 – Our guest Ray Martin

2:27 – Medicare basics

4:09 – Part A and B Medicare

5:44 – True universal coverage

6:54 – Premium for Medicare

10:20 – Working past 65

12:36 – Medicare supplements

15:22 – Medigap policies

17:18 – Medigap premium range

20:19 – Irmaa surcharge

21:46 – Medicare advantage plans

27:15 – Advantage plans and out of pocket expenses

29:45 – Key dates Oct 15th – December 7th

33:15 – After open enrollment

36:35 – Big limitations with switching

37:34 – Part D prescription drug plan

41:04 – Mistakes to avoid during open enrollment

What should you be planning for as you reach 50? What is the best age to take Social Security? Today, we are going to go over some key ages to be aware of as you plan for and approach retirement. 

Read and get additional financial information: https://doncashpodcast.com/podcast/important-ages-in-retirement/

What we discuss: 

0:30 – What’s new?

3:15 – Important ages

4:50 – Turning 50  

6:50 – Contributing a total of $7,000

7:44 – Exceeding 26,000 in 401k

10:01 – Turning 55 & 59 ½

12:05 – Going into our 60s

18:03 – Waiting till 70 for Social Security

23:11 – Going into our 70s

You’ve probably heard about the recent tax proposals in Congress. How will they affect your financial future if they pass? Today we will discuss these proposals, while also taking it back to 1981 to discuss bond rates.

Read and get additional financial information: https://doncashpodcast.com/podcast/bonds-interest-rates-and-tax-proposals/

What we discuss: 

0:36 – Happy October!

4:07 – 1981 Articles

6:18 – Bond rates in 1981

7:34 – Bonds & CDs

10:01 – Investing hindsight

13:00 – What can cause an increase in interest rates?

15:47 – Proposed tax changes

18:56 – Not than many billionaires