Investment Answers Podcast

The Sandwich Generation. You may have never heard of it, but we bet you know someone who has experienced it. The Sandwich Generation is defined by the circumstance of financially and physically providing care for a someone older than them (typically a parent, grandparent, older spouse, or an older family member) while at the same time providing financial, physical or emotional care for a someone that’s younger than them (typically a grown child, a grandchild, or a younger sibling). In this podcast, we discuss at length ways to help prevent the very serious challenges of being sandwiched financially, emotionally, and sometimes even physically by your family and loved ones. Are you a caregiver? Are you age 40-59? Do you have children? Are your parents still alive? You don’t want to miss this one. We’re talking to you. Recommended Resources: Peace of Mind Checklist https://investmentanswers.net/knowledgecenter/peace-of-mind-checklist/ 30 Documents You Need Before You Die https://investmentanswers.net/knowledgecenter/30-documents-you-need-before-you-die/ To learn more, find us online: https://investmentanswers.net/ References: “Caregiving in the Sandwich Generation,” accessed 7/14/18: https://www.raymondjames.com/pointofview/resources/images/planningwell/3141/sandwichgenerationinfographic.pdf “Time Bomb Looms for Aging America,” WSJ, Brent Kendall, Jess Bravin, June 23-24, 2018. “Who is The Sandwich Generation?” Retirement Advisor, May 2014, p. 34. “Valuing the Invaluable: 2015 Update,” AARP, July 2015: https://www.aarp.org/content/dam/aarp/ppi/2015/valuing-the-invaluable-2015-update-new.pdf “Demography of Aging and the Family,” Emily M. Agree, accessed 7/14/18: https://www.ncbi.nlm.nih.gov/books/NBK513078/?report=printable “Long-Term Care: Families Face Steep Costs Even When It’s Free,” accessed 7/14/18: https://www.financial-planning.com/slideshow/long-term-care-families-face-steep-costs-even-when-its-free “Are you a primary caregiver?” Travis Terlau, Kelly Terlau, October 2015: https://investmentanswers.net/are-you-a-primary-caregiver/ Disclaimer: Investment Answers LLC is a Financial Advisory firm. For the most up to date Investment Advisory services and disclaimers, please visit www.InvestmentAnswers.net. This information is intended for entertainment or educational purposes only. Opinions, rules, regulations and laws expressed are subject to change without notice and are not intended as individualized investment or tax advice. Past performance does not predict or guarantee future results. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. These are the general views and understandings of Investment Answers, LLC, and should not be construed as personalized investment or tax advice. Consult a qualified financial professional before making any financial decision. (7.21.18)

When you envisioned your retirement did you imagine that you would be working? There’s a good chance you never realized that you, too, may have a Part-Time Retirement. Part-Time Retirement is far more common now in all income classes: lower, middle and upper- and there are a lot of reasons why you may work during your golden years. In Episode 5, Travis and Kelly discuss what may drive you to work in retirement and likely reasons that could compel you back to work. Don’t miss the 3 major challenges that must be addressed if you decide to go back to work.   Don’t miss this episode if: You are under your “Full Retirement Age” as defined by www.SSA.gov You are nearing retirement You are considering taking Social Security You already have taken your Social Security benefit and you’re considering going back to work You want to lower your taxes in retirement You want to define if and when you can retire   References: Social Security Full Retirement Age: https://www.ssa.gov/planners/retire/1943.html   Social Security Claiming Guide, Center for Financial Literacy, Boston College, 2009: http://crr.bc.edu/wp-content/uploads/joomla/claiming_guide/SS_Claiming_Guide_ebook_070611.pdf   Social Security Claiming Guide, Center for Financial Literacy, Boston College, 2016: http://crr.bc.edu/wp-content/uploads/2011/08/claiming-guide_040516_WEB.pdf Pensions, 1980 vs. Today, Catherine Rampell, 9/3/09:   Disclaimer: Investment Answers LLC is a Financial Advisory firm. For the most up to date Investment Advisory services and disclaimers, please visit www.InvestmentAnswers.net. This information is intended for entertainment or educational purposes only. Opinions, rules, regulations and laws expressed are subject to change without notice and are not intended as individualized investment or tax advice. Past performance does not predict or guarantee future results. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. These are the general views and understandings of Investment Answers, LLC, and should not be construed as personalized investment or tax advice. Consult a qualified financial professional before making any financial decision. (7.8.18)

IRAs are an incredibly valuable tool used for retirement planning but they can be confusing. Travis and Kelly help you avoid the many rabbit holes of investing jargon by breaking down the defining terms of these two types of IRAs, then they discuss the similarities between the Roth and Traditional, and finally point out the important differences. Those differences help define which strategy may be appropriate for you, whether you’re a low-income earner or a high-income earner. They also discuss how a low tax environment impacts the benefit of each.   References: “How the new tax law changes Roth IRA conversions,” Financial Planning, Ed Slott, 1.23.18 https://www.financial-planning.com/news/roth-ira-conversions-the-new-tax-law-changes-conversions “It’s Roth’s 20th birthday party. Where is everyone?” Financial Planning, Ed SLott, 11.20.17 https://www.financial-planning.com/news/roth-ira-rollover-for-retirement-planning-and-tax-savings “What is a backdoor Roth IRA?” RothIRA.com, Elizabeth Macbride, accessed 6.23.18. https://www.rothira.com/what-is-a-backdoor-roth-ira   Disclaimer: Investment Answers LLC is a Financial Advisory firm. Investment Advisory Services offered by Investment Answers Capital LLC. For the most updated Registered Investment Advisory disclaimer, please visit our website at www.InvestmentAnswers.net. This information is intended for entertainment or educational purposes only. Opinions, rules, regulations and laws expressed are subject to change without notice and are not intended as individualized investment or tax advice. Past performance does not predict or guarantee future results. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. These are the general views and understandings of Investment Answers, LLC, and should not be construed as personalized investment or tax advice. Consult a qualified financial professional before making any financial decision. (6.23.18)

In Episode 3, Travis and Kelly celebrate the 20th birthday of the Roth IRA. Looking briefly into the history of the Roth IRA helps to reveal a lot about why both Traditional and Roth IRAs exist, and for whom they were designed. The two types of Individual Retirement Accounts are similar in many ways but they do have some important differences. Learn about their histories, benefits, contribution limits, and their restrictions.   References: It’s Roth’s 20th Birthday Party. Where Is Everyone? Financial Planning Ed Slott 11.20.17 How the New Tax Law Changes Roth IRA Conversions Financial Planning Ed Slott 1.23.18   Disclaimer: Investment Answers LLC is a Financial Advisory firm.  For the most up to date Investment Advisory services and disclaimers, please visit www.InvestmentAnswers.net.  This information is intended for entertainment or educational purposes only. Opinions, rules, regulations and laws expressed are subject to change without notice and are not intended as individualized investment or tax advice.  Past performance does not predict or guarantee future results. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.  These are the general views and understandings of Investment Answers, LLC, and should not be construed as personalized investment or tax advice. Consult a qualified financial professional before making any financial decision. (6.23.18)

“Recently, I had to have The Talk with one of my long time clients and her kids.”  None of our mentors warned us when we first entered the financial services industry about the most challenging part of being an independent financial advisor- a fiduciary- representing so many people that we care about.   Join us as we discuss those difficult conversations families must has as their loved ones age, some challenges of being a caregiver of an aging adult, learn what paperwork is essential that you have, and learn some warning signs where caregivers may need to step in to help their loved ones- even potentially at the cost of their loved one’s independence. Hear it from an fiduciary’s perspective so that you are better prepared when you have to have The Talk.  Disclaimer: Investment Answers LLC is a Financial Advisory firm.  Investment Advisory Services offered by Investment Answers Capital LLC.  For the most updated Registered Investment Advisory disclaimer, please visit our website at www.InvestmentAnswers.net.  This information is intended for entertainment or educational purposes only. Opinions, rules, regulations and laws expressed are subject to change without notice and are not intended as individualized investment or tax advice.  Past performance does not predict or guarantee future results. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.  These are the general views and understandings of Investment Answers, LLC, and should not be construed as personalized investment or tax advice. Consult a qualified financial professional before making any financial decision. (6.9.18) Resources: https://www.alz.org/mglc/in_my_community_60862.asp https://www.aarp.org/content/dam/aarp/ppi/2015/valuing-the-invaluable-2015-update-undeniable-progress.pdf https://www.wsj.com/articles/survival-tips-for-caregivers-1377899624?tesla=y

Welcome to the Investment Answers Podcast. Your hosts are Travis Terlau, Certified Financial Planner™, an Independent Investment Advisor Representative, and founder and CEO, along with Kelly Terlau Chief Operations Officer of Investment Answers®. We are a real couple that owns an actual financial planning firm. Whether you’re just getting started with setting the foundation for your lifelong financial wellness or if you’ve been saving and investing over your lifetime, we’re here to help.   On this (first!) episode we discuss: Who we are When saving for college, parents typically save more for their sons than their daughters How the savings gap can happen on accident Strategies we use to overcome potential savings gaps for our children All About The Numbers: 2018 Tax Reform Income Brackets Articles Referenced: College-Savings Imbalance: Parents Put Aside More for Sons Than Daughters by Cheryl Winokur Munk, Wall Street Journal, 11/5/17 https://goo.gl/GJ7XWd College Savings Gender Divide: Readers Weigh In, Wall Street Journal, 12/3/17 https://goo.gl/tgsBwH Investment Answers LLC is a Financial Advisory firm.  Investment Advisory Services offered by Investment Answers Capital LLC.  For the most updated Registered Investment Advisory disclaimer, please visit our website at www.InvestmentAnswers.net.  This information is intended for entertainment or educational purposes only. Opinions, rules, regulations and laws expressed are subject to change without notice and are not intended as individualized investment or tax advice.  Past performance does not predict or guarantee future results. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.  These are the general views and understandings of Investment Answers, LLC, and should not be construed as personalized investment or tax advice. Consult a qualified financial professional before making any financial decision.