Your Money, Your Wealth

Harvard Business School Senior Lecturer and Brookings Institution Senior Fellow Robert Pozen suggests fixing the retirement savings crisis with the Automatic IRA, and using Progressive Indexing to fix Social Security. Joe and Big Al discuss 6 Ways to Survive Retirement Income Shock, recourse versus non-recourse loans, RMDs on annuities in a 401(k), the difference between stocks that pay dividends and those that don't, and Aretha Franklin's plans for retirement.

BAM Alliance Director of Research and author Larry Swedroe exposes what he calls "Wall Street marketing BS" about active management, dollar cost averaging - which he says is a dumb strategy - and more. Plus, 5 Mistakes to Avoid in Retirement, an update on the Department of Labor Fiduciary Rule, and… Pikachu eggs.

Walter Updegrave from RealDealRetirement.com analyzed a recent survey of the needs, goals and concerns of very wealthy investors, and shares some useful retirement tips for the rest of us. Also, 12 Common Sources of Tax Free Income, 4 tax breaks that may be on the chopping block, the basics of Medicare, and Medicare mistakes. Plus, Joe still wants to grow a 'fro, and who doesn't like the Eagles? (hint, it's Big Al.)

Meir Statman, professor of finance at Santa Clara University and author of Finance For Normal People: How Investors and Markets Behave tells Joe and Big Al how smart people can avoid doing stupid things when it comes to investing. Also, are you house rich but cash poor as you approach retirement? The fellas have some strategies for making use of that home equity to create some additional retirement income.

Scott Ford, co-author of The Sustainable Edge: 15 Minutes a Week to a Richer Entrepreneurial Life tells Joe and Big Al how he and co-author Ron Carson achieved faster business growth and a better work/life balance. Also, can you avoid state taxes in retirement by getting a PO box in a no state tax state? Plus, 10 timeless financial tips and 4 documents you'll want for a solid estate plan.

The Top 10 tax saving strategies of the last 25 years: From tax loss harvesting to 529 education savings plans. From LLCs vs. S-Corps to asset location (that is, what type of assets you put in what type of accounts). From charitable giving to estate tax planning, and then some. Also, an overview of what happened in the market in the second quarter, and titans, tritons, sun gods and mermen.

Financial researcher Larry Swedroe offers several reasons you may not be getting the returns you've enjoyed in the past, and he challenges Jason Zweig's assertion in the Wall Street Journal that it's because there are fewer stocks to choose from. Plus, 4 Ways To Reduce RMD Taxes - what are QCDs and QLACs, anyway? And, can you retire at 60 when you're 43 and have no savings? How do chauffeurs and ambulances play into that equation?

USA Today columnist Pete The Planner tells us how to calculate our Power Percentage for retirement readiness, and how to set house rules to get on the path to a successful retirement. Plus, 8 benefits of claiming Social Security later, how a Roth 401(k) may give you more purchasing power in retirement than a traditional 401(k), and Joe wants to grow a fro.

Paul Sullivan, author of The Thin Green Line: The Money Secrets of the Super Wealthy tells Joe and Big Al how the decisions you make about your money can put YOU in the wealthy club. Plus, how should you prepare for President Trump's "biggest tax cut ever?" 3 things you may be getting wrong about retirement planning, and international taxation if you're planning to move out of the country in retirement.

Guest Joe Saul-Sehy of the Stacking Benjamins podcast explains the value of having a financial planner (while avoiding his stalker, Your Money, Your Wealth host Joe Anderson.) Joe and Big Al discuss what the Department of Labor fiduciary ruling means to you and 10 steps to get ready for retirement. They also answer questions about saving for retirement as a self-employed person and whether you should talk finances with your girlfriend before moving in together.