You’ve probably heard of the term recession—especially over the past year or so—and at least have some understanding of what it means. But have you ever heard of the term “richcession?” If you haven’t, you’re far from being alone. It’s a newly coined term. We’re going to explain what is a richcession is, who it could affect, how it differs from a recession, and much more.
Retirement Plan Checklist: https://www.modwm.com/retirement-checklist/?utm_source=YouTube-MWM&utm_medium=AWMS&utm_campaign=richcession
Get Ready for the Richcession: https://www.wsj.com/articles/get-ready-for-the-richcession-11672615577
The “Magnificent Seven Stocks” Continue to Drive the Market: https://youtu.be/wM3IxRP060o
Start Planning: https://www.modwm.com/retirement-planning-tool/radio/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=richcession
Schedule: https://www.modwm.com/meet-with-a-top-financial-advisor-in-kansas-city/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=richcession
Check out our other podcast!
The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow
Barber Financial Group presents America's Wealth Management Show with Dean Barber and Bud Kasper. Dean and his guests, America's leaders in the financial industry, have made it their missions to show everyone how to grow, keep, and leave their money.
You’ve probably heard of the term recession—especially over the past year or so—and at least have some understanding of what it means. But have you ever heard of the term “richcession?” If you haven’t, you’re far from being alone. It’s a newly coined term. We’re going to explain what is a richcession is, who it could affect, how it differs from a recession, and much more.
Retirement Plan Checklist: https://www.modwm.com/retirement-checklist/?utm_source=YouTube-MWM&utm_medium=AWMS&utm_campaign=richcession
Get Ready for the Richcession: https://www.wsj.com/articles/get-ready-for-the-richcession-11672615577
The “Magnificent Seven Stocks” Continue to Drive the Market: https://youtu.be/wM3IxRP060o
Start Planning: https://www.modwm.com/retirement-planning-tool/radio/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=richcession
Schedule: https://www.modwm.com/meet-with-a-top-financial-advisor-in-kansas-city/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=richcession
Check out our other podcast!
The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow
Have you ever heard of the term rightsizing? If not, that’s OK. We’ll explain. According to the American Seniors Housing Association, rightsizing is the process of “asking what’s really important, then aligning the way you live with those values, goals and needs.” We couldn’t agree more with the ASHA, as Modern Wealth’s Guided Retirement System was designed around that same line of thinking.
Retirement Plan Checklist: https://www.modwm.com/retirement-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=rightsizing
What Is Longevity Risk?: https://youtu.be/OMoWFA7_NiE
Rising Costs of Long-Term Care: https://youtu.be/DxNTbK4UG3U
Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k
Family Financial Planning: https://youtu.be/MX0SvvCwnww
Making a BIG Purchase in Retirement: https://youtu.be/0FJcmc7psd4
Start Planning: https://www.modwm.com/retirement-planning-tool/radio/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=rightsizing
Schedule: https://www.modwm.com/meet-with-a-top-financial-advisor-in-kansas-city/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=rightsizing
Check out our other podcast!
The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow
When most people begin seriously thinking about retirement, their employer provided traditional 401(k) is oftentimes their largest asset. Saving to a traditional 401(k) or IRA is a great way to build a nest egg for retirement. However, as our friend Ed Slott frequently says, there’s a retirement savings tax time bomb that can blow up your retirement if you’re not careful. A big part of that time bomb is Required Minimum Distributions, so we’re going to outline a few strategies for how to reduce your RMDs.
Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=reduce-rmds
Understanding SECURE 2.0 with Ed Slott: https://youtu.be/HHPMo9l0yeg
Pros and Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg
Rules for Inherited IRA Distributions: https://youtu.be/VQPX_jo09rY
Considering RMDs Before and After Retirement: https://youtu.be/gAbLBswC938
Asset Allocation vs. Tax Allocation: https://youtu.be/mMqwacOhvzg
Maximizing Social Security Benefits: https://youtu.be/r2mb_UpN-lw
What Is a QCD?: https://www.modwm.com/what-is-a-qcd/
Tax Rates Sunset in 2026 and Why that Matters: https://www.modwm.com/tax-rates-sunset-in-2026-and-why-that-matters/
Start Planning: https://www.modwm.com/retirement-planning-tool/radio/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=reduce-rmds
Schedule: https://www.modwm.com/meet-with-a-top-financial-advisor-in-kansas-city/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=reduce-rmds
Check out our other podcast!
The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow
Life insurance can be a key component in your financial plan, but it depends on your financial goals, lifestyle, and other circumstances. There are various reasons for why someone should purchase life insurance while they’re working, namely to provide for your loved ones if you pass away. But do you need life insurance in retirement? Well, it depends. We’re going to review a few reasons for why someone might want to carry life insurance into retirement.
Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=life-insurance
What Is Longevity Risk?: https://youtu.be/OMoWFA7_NiE
Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k
Pension Plans: Defined Benefit vs Defined Contributions: https://youtu.be/NGtjUe7kHO4
Rising Costs of Long-Term Care: https://youtu.be/DxNTbK4UG3U
Pros and Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg
When Is It Time to Stop Saving for Retirement?: https://youtu.be/UEkwSGMA_ZI
Start Planning: https://www.modwm.com/retirement-planning-tool/radio/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=life-insurance
Schedule: https://www.modwm.com/meet-with-a-top-financial-advisor-in-kansas-city/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=life-insurance
Check out our other podcast!
The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow
If you didn’t know that National Financial Awareness Day was a thing, you aren’t alone. National Financial Awareness Day occurs on August 14, and was established by the U.S. Financial Literacy and Education Commission in 2017. The purpose of this new holiday is to improve the financial literacy of Americans nationwide.
However, if August 14 is the only day of the year that you focus on improving your financial literacy, you won’t have very good financial awareness. It’s critical to create a forward-looking financial plan that you review and update overtime as things change. From a personal level, your goals, health, family, and living situation are just a few things that can change as you prepare for and go through retirement.
Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=national-financial-awareness
Components of a Complete Financial Plan: https://youtu.be/-IPYwV4ok0Q
7 Ways to Build the Best Retirement Plan: https://youtu.be/0LjgFkocCrk
What DIYers Overlook in Retirement Planning: https://youtu.be/wCMssTo_6mg
The Difference Between Good & Bad Debt: https://youtu.be/Xxmv-pA3kQg
Family Financial Planning: https://youtu.be/MX0SvvCwnww
Optimizing Your 401(k) for Retirement: https://youtu.be/5NgsFAbXJaQ
Why Compound Interest Is Key: https://youtu.be/4HHC7MLDsc0
Start Planning: https://www.modwm.com/retirement-planning-tool/radio/?utm_source=YAWMS_Pod&utm_medium=AWMS&utm_campaign=national-financial-awareness
Schedule: https://www.modwm.com/meet-with-a-top-financial-advisor-in-kansas-city/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=national-financial-awareness
Check out our other podcast!
The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow
Did you know that only 15% of private companies offer pension plans today? That’s compared to 86% of state and local governments that have pension plans. Obviously, there are a lot of people that don’t work for the government and don’t have access to pension plans, though. Nevertheless, we see people with pension plans and help them all the time. If you have questions about pension plans, follow along here as we break down the differences between defined benefit and defined contribution plans.
Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=pension-plans
What to Do with a 401(k) After Retiring: https://youtu.be/FtOr-DU-nms
Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k
What Is Longevity Risk and How Do You Plan for It?: https://youtu.be/OMoWFA7_NiE
Maximizing Social Security Benefits: https://youtu.be/r2mb_UpN-lw
Start Planning: https://www.modwm.com/retirement-planning-tool/radio/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=pension-plans
Schedule: https://www.modwm.com/meet-with-a-top-financial-advisor-in-kansas-city/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=pension-plans
Check out our other podcast!
The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow
One of the top concerns that our advisors hear from clients and prospective clients is running out of money in retirement. We all want to live long, healthy lives, but just how big of a concern should longevity risk be with retirement planning? Well, the best way to mitigate longevity risk in retirement is to plan for it. We’re going to explain how to go about doing that to help you have more confidence, freedom, and time in retirement.
Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=YAWMS-Pod&utm_medium=AWMS&utm_campaign=longevity-risk
Older American’s Month with Dean Barber: https://youtu.be/ndHcgCtyBk0
What Is Wealth? 4 Types of Wealth: https://youtu.be/4U8crRkPJBc
Maximizing Social Security Benefits: https://youtu.be/r2mb_UpN-lw
How to Mitigate Inflation on Health Care Costs: https://www.modwm.com/how-to-mitigate-inflation-on-healthcare-costs/
What Is Tax Planning?: https://youtu.be/vQ9yVdch9aw
Rules for Inherited IRA Distributions: https://youtu.be/VQPX_jo09rY
Pros and Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg
Rising Long-Term Care Costs: https://youtu.be/DxNTbK4UG3U
Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k
Start Planning: https://www.modwm.com/retirement-planning-tool/radio/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=longevity-risk
Check out our other podcast!
The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow
Today, we’re going to discuss some specific retirement planning strategies for self-employed people and small business owners. Did you know that according to the Bureau of Labor Statistics, 16.6 million people are self-employed? And according to the U.S. Chamber of Commerce, there are 33.2 million small business in the U.S., which is 99.9% of U.S. businesses. So, there are a lot of people who can benefit from these retirement planning strategies for self-employed individuals and small business owners that we’ll be reviewing.
Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=retirement-self-employed
8 Tips on Saving for Retirement: https://youtu.be/ekjLc-wWNLI
Maximizing Social Security Benefits: https://youtu.be/r2mb_UpN-lw
Pros and Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg
Unexpected Expenses and How to Plan for Them: https://youtu.be/HbhdqYyp2uA
Understanding SECURE 2.0 with Ed Slott: https://youtu.be/HHPMo9l0yeg
4 Things to Expect in Your First Year of Retirement: https://youtu.be/VDHzHqbu_cs
The Difference Between Good Debt & Bad Debt: https://youtu.be/Xxmv-pA3kQg
Start Planning: https://www.modwm.com/retirement-planning-tool/radio/?utm_source=AWMS_Po&utm_medium=AWMS&utm_campaign=retirement-self-employed
Check out our other podcast!
The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow
On July 14, the IRS issued Notice 2023-54, which gave some people good news regarding rules for inherited IRA distributions. The notice provides relief for 2023 missed RMDs for non-eligible designated beneficiaries who must follow the 10-year payout rule. It also extends a 60-day rollover deadline for those who took or who were given unnecessary IRA distributions in 2023 to roll them back into their accounts. Dean Barber and Bud Kasper further discussed these rule changes for inherited IRA distributions on America's Wealth Management Show.
Tax Reduction Strateiges: https://www.modwm.com/tax-reduction-strategies/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=inherited-ira-distributionts
SECURE Act Content
Special Needs Trust Rule Changes from SECURE 2.0: https://www.modwm.com/special-needs-trusts-rule-changes-from-secure-2-0/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=inherited-ira-distributionts
Inherited IRA Rules and the SECURE Act: https://www.modwm.com/inherited-ira-rules-and-the-secure-act/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=inherited-ira-distributionts
Understanding SECURE Act 2.0 with Ed Slott: https://youtu.be/HHPMo9l0yeg
Why Compound Interest Is Key: https://youtu.be/4HHC7MLDsc0
IRAs Are Bad for Wealth Transfer: https://youtu.be/zoxwYcLt4-Q
RMD Age in 2023: What’s Your Required Beginning Date?: https://youtu.be/WZ9iddTMLUQ
What DIYers Overlook in Retirement Planning: https://youtu.be/wCMssTo_6mg
Pros and Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg
Asset Allocation vs. Tax Allocation: https://youtu.be/mMqwacOhvzg
Check out our other podcast!
The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow
On July 14, the IRS issued Notice 2023-54, which gave some people good news regarding rules for inherited IRA distributions. The notice provides relief for 2023 missed RMDs for non-eligible designated beneficiaries who must follow the 10-year payout rule. It also extends a 60-day rollover deadline for those who took or who were given unnecessary IRA distributions in 2023 to roll them back into their accounts. Dean Barber and Bud Kasper further discussed these rule changes for inherited IRA distributions on America's Wealth Management Show.
Tax Reduction Strateiges: https://www.modwm.com/tax-reduction-strategies/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=inherited-ira-distributionts
SECURE Act Content
Special Needs Trust Rule Changes from SECURE 2.0: https://www.modwm.com/special-needs-trusts-rule-changes-from-secure-2-0/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=inherited-ira-distributionts
Inherited IRA Rules and the SECURE Act: https://www.modwm.com/inherited-ira-rules-and-the-secure-act/?utm_source=AWMS-Pod&utm_medium=AWMS&utm_campaign=inherited-ira-distributionts
Understanding SECURE Act 2.0 with Ed Slott: https://youtu.be/HHPMo9l0yeg
Why Compound Interest Is Key: https://youtu.be/4HHC7MLDsc0
IRAs Are Bad for Wealth Transfer: https://youtu.be/zoxwYcLt4-Q
RMD Age in 2023: What’s Your Required Beginning Date?: https://youtu.be/WZ9iddTMLUQ
What DIYers Overlook in Retirement Planning: https://youtu.be/wCMssTo_6mg
Pros and Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg
Asset Allocation vs. Tax Allocation: https://youtu.be/mMqwacOhvzg
Check out our other podcast!
The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow
