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Best of Talking Money: Medicare and Social Security, Part 1
Applying for Medicare can be a complicated process. Eddie Holland, CPA, CFP®, CKA®, and Social Security expert, joins Mike to discuss the different types of Medicare, how Medicare can affect your HSA eligibility, when to apply for Medicare, penalties for filing late for Medicare, and potential exemptions from filing for Medicare. They also answer several commonly asked questions about Medicare.
Original air date: March 21, 2020
Listen to the EpisodeAnnuity Basics: Part 3
“I saw this great ad the other day! Check out this awesome looking annuity!”
Mike looks at a few annuity offers that listeners have sent in and explains exactly how these products work. The promises you see aren’t always what they seem. He also answers a listener’s questions on taxes.
Listen to the EpisodeAnnuity Basics: Part 2
Annuities aren’t an alternative to investing in the stock market?!?! What?!
Mike explains how annuities are better seen as an alternative to a CD and not as an alternative to investing in the stock market. He answers questions about fixed annuities, variable annuities, and indexed annuities. Part two of three.
Listen to the EpisodeStarting A Successful Business
Have you ever wondered why some new businesses not only survive, but grow to become successful enterprises, while many don’t make it past the first year? Listen as John Warren, Marine veteran and cofounder of Lima One Capital, discusses with Mike some of the business philosophies and culture that made Lima One Capital a success! They even discuss some great options for how to be generous with the resources God has entrusted to you.
Listen to the EpisodeAnnuity Basics: Part 1
What are the different kinds of annuities? How are they different? How do annuities work? How does withdrawing from an annuity affect my taxes?
Mike begins to unpack annuities in part one of a three part series.
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Highlights: Non-Cash Giving Ideas
Highlights from show aired April 25, 2020.
What are some ways you can give to your favorite charity without opening your checkbook? How does knowing your financial “finish line” help you determine your giving capacity? Did you know you can donate part of your business assets, even before the business is sold?
Daniel Hicks, charitable gift and estate planning attorney with the National Christian Foundation (NCF), joins Mike to discuss some creative and tax-efficient ways to give to your favorite charity.
For more information on the National Christian Foundation, click here.
Listen to the EpisodeHighlights: The CARES Act and IRAs
Highlights from show aired April 11, 2020.
The Coronavirus Aid, Relief, and Economic Security Act—or the CARES Act—is officially the law of the land. If you are taking a Required Minimum Distribution or need to make an IRA withdrawal due to a CORONA RELATED financial consequence, this is a MUST LISTEN TO Podcast!
Alan Cox, CPA, Head of Estate and Trust Planning at Ronald Blue Trust, joins Mike to discuss the act and the changes related to IRA distributions.
Listen to the EpisodePersonal Residence Sale and Income Tax
Did you know you may owe income tax on the sale of your home? What are the IRS rules surrounding this tax?
Eddie Holland, CFP®, CPA, CKA®, joins Mike to discuss this tax planning strategy.
Listen to the EpisodeCOVID and the Economy
What effect will the resurgence of COVID-19 and the upcoming presidential election have on the stock market and economy? What changes should you make in your portfolio now?
Mark Elam, Senior Investment Strategist in the Investment Strategy Group of Ronald Blue Trust, joins Mike to discuss these questions relevant to our current economic situation.
Listen to the EpisodeBest of Talking Money: Estate Planning Updates
Highlights from show aired February 8, 2020
Estate planning can be confusing! Especially with so many recent changes in estate tax law that could cause your estate plan to pass your assets in a way that you don’t intend. Do you have some type of “Formula Trust” in your documents? Are your documents up to date?
Estate planning attorney, Joel Stoudenmire, joins Mike to review the changes and tell you what you need to watch out for.
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Raising Money Smart Kids
How can I help my kids visualize the value of a dollar? How can I teach my children the value of giving? What are some ideas to teach my kids about using money wisely? On this episode of Talking Money, Mike and special guest Dan Grover explore some creative ways to help your children see the importance of being wise with their money.
White papers offered on this week’s show:
Financial Assistance to Others
Listen to the EpisodeFinancial Assistance to Others
Should I help my struggling family member financially?
How do I know if I am actually helping or hurting them?
Dan Grover, CFP® professional and senior private wealth advisor at Ronald Blue Trust in Charlotte, joins Mike to discuss considerations when helping others financially.
The document “Financial Assistance to Others,” offered and discussed in the show, is available here for download.
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Best of: The Importance of Diversification
Highlights from show aired February 1, 2020.
Nick Stonestreet, CEO of Ronald Blue Trust joins Mike to discuss the importance of not owning too much of any one company’s stock. Nick and Mike both share stories of actual situations to illustrate the importance of an effectively diversified portfolio.
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Estate Planning Q&A
Is it a good idea to leave specific dollar amounts to my beneficiaries? How do special needs children factor into my estate plan? Mike answers these listener questions and more about estate planning.
Listen to the EpisodeEstate Planning is MUCH More than Just a Will
Estate Planning covers a wide range of documents and details. Will your loved ones know how to access your important documents and the funds necessary to take care of your final expenses? Should you hire an estate planning attorney? Is it better to hold your assets in Joint Ownership or just let your assets pass by way of your will or probate? These questions and more are answered on this episode of Talking Money.
Listen to the EpisodeTwo Common Estate Planning Mistakes
Part Two of Estate Planning is Much More than a Will
Is your entire estate plan hinged on your will? How much do you expect from your power of attorney? Mike discusses these two common estate planning mistakes and more from an article by Bob Carlson.
Listen to the EpisodeEstate Planning: Things to Consider
Part One of Estate Planning is Much More than a Will
Do you have an estate plan? What else do you need besides a will? Does someone else know how to access your passwords for digital assets? Mike answers these questions and more on this segment of Talking Money.
Listen to the EpisodeAvoiding Scams
Highlights from “Hoodwinked? Me? Never…” I won’t ever get duped by a scam artist! I can spot a scam a mile away! Overconfidence is probably one of the first signs that you are next in line to be scammed. Mike retells the stories of several people that were taken advantage of by scam artists and how you can be better prepared. Gift cards; Social Security; IRS—the list keeps going.
Listen to the EpisodeHoodwinked? Me? Never…
I won’t ever get duped by a scam artist! I can spot a scam a mile away! Overconfidence is probably one of the first signs that you are next in line to be scammed. Mike retells the stories of several people that were taken advantage of by scam artists and how you can be better prepared. Gift cards; Social Security; IRS—the list keeps going.
Listen to the EpisodeIncome in Retirement, Part 2
Part 2 of Can You Invest Too Conservatively
How should you structure your portfolio for a retirement income that still protects against the hidden risk of inflation? Mike discusses the dangers of investing so conservatively that you reduce the risk of your portfolio going down (volatility) while at the same time increasing the risk of loss of purchasing power.
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