The Guided Retirement Show

It's our Season 10 finale of The Guided Retirement Show, which means it's time for Chris Rett, CFP®, AIF® to join Dean Barber as the featured guest. Chris and Dean are going to review 10 questions that everyone should ask themselves before retirement. If you're planning to retire around three to five years from now, make sure to take some notes and to ask yourself these questions before retirement. Let's review the questions and then we'll explain why everyone should think about them before retirement. 10 Questions to Ask Yourself Before Retirement 10. When should I/we start Social Security? 9. What types of insurance do I need in retirement? 8. What healthcare and other unexpected costs can I expect in retirement? And how do I plan for them? 7. How do I plan for inflation and other uncertain economic changes? 6. When was the last time I reviewed my estate plan? Do I need to make changes? Are my beneficiaries up to date? 5. Am I emotionally ready to retire? How will I maintain my health in retirement? Have I considered how the transition from work to retirement will affect my mental health and sense of purpose? Do I have hobbies or interests I want to pursue? 4. How do I account for/plan for taxes in retirement? 3. How will I generate income in retirement and what is my distribution strategy? 2. What will my lifestyle be in retirement and have I saved enough money to retire? 1. What do I want my legacy to be? START PLANNING To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/114 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

Dean Barber could talk for hours about estate planning mistakes to avoid. On Episode 113 of The Guided Retirement Show, Dean decided to cover some of the most common estate planning mistakes that he and Tim Denker of Denker Law Firm, LLC have witnessed. Tim founded Denker Law Firm, LLC in 2006 and has practiced estate planning and business law since 2003.1 Dean and Tim want you to be informed when it comes to estate planning and are going to 10 mistakes to avoid. 10 Estate Planning Mistakes to Avoid Not preparing an estate plan Not understanding the dangers of will-based trusts Improper asset titling Using free resources without understanding the details Not getting the right people involved—attorneys, CPAs, advisors Doing a disservice to your family, not yourself Knowing the difference between an IRA and 401(k) in estate terms Taking a Set-It-and-Forget It Approach with Your Estate Plan Business owners without a succession plan Not considering beneficiary-controlled trusts START PLANNING To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/113 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

How can you pay less taxes over your lifetime? That's a question everyone wants to know the answer to, but there isn't a one-size-fits-all answer. Everyone's financial situation is different. Along with explaining the importance of having a forward-looking tax plan as a part of your personalized financial plan, Corey Hulstein, CPA and Marty James, CPS, PFS joined Dean Barber on The Guided Retirement Show to share some tax planning tips. In this podcast interview, you'll learn: The Dynamic of the CFP® Professional and CPA Working Relationship The Difference Between Tax Preparation and Tax Planning Considerations When Creating a Distribution Strategy The Difference Between Charitable Remainder Trusts and Charitable Lead Trusts START PLANNING To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/112 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

At Modern Wealth Management, we enjoy guiding couples and individuals from various walks of life through the retirement planning process. Hence why we came up with the name of our podcast, The Guided Retirement Show. Many of the case studies we've reviewed in our podcasts, articles, and other content have focused on couples retirement planning. Today, Will Doty, CFP®, AIF® and Dean Barber are going to dive into a case study that geared toward all the single folks out there. Everyone's situation is unique when it comes to retirement planning, whether you're retiring single or married. Maybe you've been single for most or all your life. Or maybe you were married and are now single following a divorce or death of a spouse. No matter your situation, you need to have a plan for retirement. In this article and podcast, we're going to run through a case study of someone retiring single with $1.5 million in retirement savings. Let's review some things they'll need to think about. In this podcast interview, you'll learn: The difference between the three tax buckets How to determine your plan's probability of success What IRMAA stands for and how it works The importance of having a personalized financial plan START PLANNING To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/111 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

As Modern Wealth Management continues to grow, one of the additions we're very excited about is our office in Rochester, New York. Our Rochester-based team members specialize in 401(k) plans, which are typically people's largest asset as they head into retirement. So, we figured it would be good idea to have Michelle Cannan, CPFA™, QKA®, QKC, our head of company retirement plan services and managing director of our Rochester office, join Dean Barber on The Guided Retirement Show to discuss how a 401(k) plan works and many other nuances about 401(k)s. Along with covering how a 401(k) works for plan participants, Michelle will share a little bit about the roles of the plan sponsor and plan provider. In this podcast interview, you'll learn: How Our Team of Retirement Plan Advisors Works with 401(k) Plan Sponsors The Roles of Retirement Plan Advisor, Record Keeper, Sponsor, and Participant with How a 401(k) Plan Works How 401(k) Plan Automatic Enrollment Works Roth vs. Traditional Considerations START PLANNING To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/110 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

As we attempt to help educate people about market sentiment, we've continued to welcome back AllianceBernstein's David Mitchell as a guest on The Guided Retirement Show. David last appeared on The Guided Retirement Show with Dean Barber in October 2023 to give his market outlook and review market trends from the previous six months. Dean and David will review some of the things they discussed during that episode. David will also review the last six months of market performances again and give his updated market outlook to help people develop a better understanding of market sentiment. Note: This was recorded on April 2, which was before the March inflation report was released. In this podcast interview, you'll learn: Shorter-Term Treasuries Oftentimes Are Closely Tied to the Fed Funds Rate Longer-Term Treasuries Attempt to Price in Future Growth and Inflation The Fed's Challenges with Trying to Engineer a Soft Landing What Opportunities Dean and David Are Looking at in Equities and Fixed Income START PLANNING To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/109 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

Estate planning can be a complicated issue. It can run smoothly or there can be a lot of pitfalls that you don't foresee. As Matt Kasper, CFP®, AIF® makes his third appearance on The Guided Retirement Show, he and Dean Barber will go over some key items for successor trustees while discussing the importance of having a solid estate plan and being transparent about your wishes with the next generation. In this podcast interview, you'll learn: The two distinct sides of an estate plan Differences between will-based and trust-based plans The roles of co-trustees, successor trustees, corporate trustees, and contingent successor trustees Estate planning is individual Meet with Us: https://modwm.com/meet-with-us/  Ask a Question: https://modwm.com/ask-a-question/ START PLANNING To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/108 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

Wealth Planning: Securing Your Financial Future with Jeremiah Johnson, AIF® Show Notes A lot of people think that wealth planning is just about the management of money. That is part of wealth planning, but it's far from being the only part. Modern Wealth Management Managing Director Jeremiah Johnson, AIF® is going to elaborate on that with Dean Barber on The Guided Retirement Show. Having a good understanding of what wealth planning is all about is pivotal to securing your financial future. In this podcast interview, you'll learn: Wealth Planning Is More Than Managing Your Money Why It's Important to Have a Financial Planning Team That's Working for You What It's Like to Be the CEO of Your Retirement The Meaning of Financial Independence Meet with Us: https://modwm.com/meet-with-us/  Ask a Question: https://modwm.com/ask-a-question/ START PLANNING To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/107 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

Planning to Retire on $10,000 a Month Show Notes How much do you think you need each month to spend in retirement? There are many factors that will go into determining that number. On this episode of The Guided Retirement Show, Logan DeGraeve, CFP®, AIF® and Chris Rett, CFP®, AIF® are going to walk you through a case study that looks into how much money you would need to spend $10,000 net a month in retirement. Before they get started, they want to make something very clear. Everyone isn't going to want to spend $10,000 net a month in retirement. For some people, that will be way more than they need each month. For others, it might not be enough. And there might be some people that spending $10,000 net a month in retirement is just right. This is strictly an example that Chris and Logan will be going through to highlight the planning that's needed to retire if you're wanting to spend $10,000 net a month. In this podcast interview, you'll learn: Key considerations for building a spending plan for retirement Things to think about when claiming Social Security Important tax considerations How to interpret a Monte Carlo simulation Meet with Us: https://modwm.com/meet-with-us/  Ask a Question: https://modwm.com/ask-a-question/ START PLANNING To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/106 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

Drew Jones, CFP®, AIF® has a passion in working with small business owners, helping them get their business to be as valuable as it can possibly be before facilitating an exit strategy. As Drew makes his third appearance on The Guided Retirement Show, he and Dean Barber will discuss what small business owners need to do when it comes to retirement planning.  In this podcast interview, you'll learn: The Challenges and Opportunities of Retirement Planning for Small Business Owners  Retirement Planning for Small Business Owners Is a Long Process  Key Retirement Planning Considerations for Small Business Owners  Your Business Is Your Biggest Asset If You're a Small Business Owner  Meet with Us: https://modwm.com/meet-with-us/  Ask a Question: https://modwm.com/ask-a-question/ START PLANNING To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/105 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

Making his third appearance on The Guided Retirement Show, Marty James, CPA, PFS joins Dean Barber to discuss how to qualify for Affordable Care Act subsidies. Qualifying for the Affordable Care Act subsidies can greatly reduce the cost of health insurance prior to becoming eligible for Medicare. Who doesn't want that?! Marty and Dean are both excited to touch on this topic, so let's see what they have to share. In this podcast interview, you'll learn: Aspects of the Affordable Care Act That Can Help People Who Need Financial Assistance with Health Care How Someone Who Has Accumulated A Lot of Money Can Benefit from Affordable Care Act Subsidies Affordable Care Act Subsidies Before and After 2026 How to Utilize Roth IRAs and HSAs Meet with Us: https://modwm.com/meet-with-us/  Ask a Question: https://modwm.com/ask-a-question/ START PLANNING To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/104 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

Back for his eighth appearance on The Guided Retirement Show, LSA Portfolio Analytics President and Founder Brad Kasper joins Dean Barber to discuss growth vs value investing in 2024. Brad shares that value could potentially outperform growth as we look at investing for the rest of the year. Why might he think that? Brad has plenty of data to share with Dean to back up his reasoning. In this podcast interview, you'll learn: Dean and Brad's Assessment of the Markets for 2023 and Predictions for 2024 Attractive Opportunities in the Bond Market The S&P 500 Equal-Weight Outperformed the S&P 500 Cap-Weight in 2023 Growth vs Value Investing Over Different Time Periods Meet with Us: https://modwm.com/meet-with-us/  Ask a Question: https://modwm.com/ask-a-question/ START PLANNING To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/103 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

Our Director of Investments, Stephen Tuckwood, CFA, has quickly become one of the most frequently featured guests on The Guided Retirement Show. For the Season 10 premiere, Tuck and Dean Barber will discuss the critical topic of constructing the right portfolio via strategic investing as you transition into and go through retirement. They'll discuss the nuances of proper portfolio construction and the changing dynamics of investment rules during the retirement phase. In this podcast interview, you'll learn: There's a Change in Mindset with Investing While in the Retirement Redzone Asset Allocation Is More Important Than Stock Selection Pure Asset Allocation vs. Strategic Asset Allocation The Three Tax Buckets Active vs. Passive Management Meet with Us: https://bit.ly/3NWXRnI Ask a Question: https://bit.ly/3TRa80I START PLANNING To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/102 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

s we brainstormed for what to cover in Episode 101 of The Guided Retirement Show, we thought it would be fitting to go back to the basics with some Retirement Planning 101. Just as he's done for the past several season finales, Chris Rett, CFP®, AIF® will join Dean Barber again to explore the fundamentals of retirement planning. Chris and Dean will bring you a comprehensive breakdown of the BRITE acronym—Bookkeeping, Risk Management, Investments, Taxes, and Estate Planning. Join us on this Retirement Planning 101 journey to uncover the brilliance behind each element. We're committed to offering you valuable insights for your path to a secure retirement. In this podcast interview, you'll learn: The Retirement Planning 101 Basics Are All Connected It's Critical to Work with a Team of Professionals Throughout the Retirement Planning Process What to Consider with Setting Up a Spending Plan for Retirement The Power of Forward-Looking Tax Planning START PLANNING To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/101 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

We have a very special guest for a very special episode of The Guided Retirement Show. We're thrilled to have soon-to-be retired Modern Wealth Executive Advisor Bruce Godke join Dean Barber for our 100th episode! Bruce joined Dean in the financial industry 18 years ago and is getting ready to embark upon an amazing journey. And as part of this amazing journey, Bruce is launching a nonfinancial life planning program, Your Encore, at Modern Wealth. Today, Bruce and Dean are going to talk about some important aspects nonfinancial life planning to help people prepare for retirement. In this podcast interview, you'll learn: There Are Financial and Nonfinancial Life Planning Aspects of Retirement Planning Some Exciting Details About the Nonfinancial Life Planning Program Bruce Godke Will Be Leading at Modern Wealth The Importance of Defining Your Retirement Lifestyle How to Be the CEO of Your Retirement START PLANNING To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/100 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

For the second time in 2023, Anchor Capital CEO and Portfolio Manager Garrett Waters is joining Dean Barber on The Guided Retirement Show. Earlier this year, Garrett and Dean discussed investment risk for 2023. Now that 2023 is coming to a close, Garrett is returning to do a 2023 market year in review and 2024 market outlook. He and Dean will talk about the stock market, bond market, and economy. In this podcast interview, you'll learn: The Ups and Downs of Liquidity in 2023 The S&P 500 and NASDAQ Entered Correction Territory in Q3, but Have Since Bounced Back Federal Reserve Plans to Keep Rates Higher for Longer Some of the Economic Impact of the Wars in Ukraine and Gaza The 10-year Treasury Has Experienced A Lot of Volatility Garrett's Other Appearance: https://youtu.be/PIyZj5rPZq4 America's Wealth Management Show: https://www.youtube.com/@AmericasWealthManagementShow Ask a Question: https://bit.ly/47KtmZD Meet with us: https://bit.ly/3MSxTRP START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/99 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com  

We're thrilled to have one of Modern Wealth Management's newest team members, Marty James, CPA, join Dean Barber on The Guided Retirement Show. This will actually be Marty's second appearance on the podcast, though. He previously joined Dean to discuss tax planning strategies in August 2022. On this episode, Marty and Dean will talk about some very specific tax strategies when it comes to HSAs. Marty believes that HSAs are one of the most underutilized and misused part of the tax code. He's going to explain why that is and how to use your HSA effectively. In this podcast interview, you'll learn: The Misconceptions About HSAs How to Maximize Your HSA Examples of Expenses Covered by HSA Plans Why You Should Look at an HSA as a Retirement Savings Account Ask a Question: https://bit.ly/40yvyRt Meet with us: https://bit.ly/49pzurD START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/98 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

David Mitchell makes his fourth appearance on The Guided Retirement Show to share his outlook for the markets and economy. He's in his 19th year with AllianceBernstein and serves as the managing director for AllianceBernstein's RIA and private banks in its Upper Midwest and Central division. He's basically one of four specialists at AllianceBernstein in North America. AllianceBernstein, which aggregate manages around $700 billion globally for every type of client you can imagine. That includes large institutions, pension funds, sovereign wealth funds, and then private clients here in the United States. David last appeared on The Guided Retirement Show in April. He's going to review what has happened since then and share his current market outlook. In this podcast interview, you'll learn: How the Cap-Weighted S&P 500 Compares to the Equal-Weighted S&P 500 Money-Market Funds Eclipse $6 Trillion in Assets Why Bonds Performed So Poorly in August and September Why There's a Big Opportunity in the Bond Market Ask a Question: https://bit.ly/46ZkXRF Meet with us: https://bit.ly/46ZM1QO START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/97 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

On Episode 95 of The Guided Retirement Show, Dean Barber and Jason Gordo discussed why it's critical to work with a team of financial professionals rather than just one financial advisor. They specifically talked about having the “three C's” working for you—a CFP® Professional, CPA, and CFA. That episode served as a perfect segue for today's episode, as Logan DeGraeve, CFP® and Corey Hulstein, CPA will describe the working relationship between a CFP® Professional and CPA. Corey and Logan spend a lot of time working with clients on their individualized tax plans. So, they're going to share specific tax situations that they've helped clients with over the past year. In this podcast interview, you'll learn: The importance of forward-looking tax planning. How to go about tax bracket management. Things to consider with charitable giving. There Are Several Tradeoffs Throughout the Retirement Planning Process START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/96 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

Have you ever been a CEO? Whether you have been or not, you're going to have the opportunity to be one during one of the best times of your life. That's because if you have the right mindset about it and have the right team around you, you'll be the CEO of your retirement. However, a CEO is only as effective as the other team members of the company. The same goes with being the CEO of your retirement. That's why Modern Wealth Management President Jason Gordo is joining Dean Barber on The Guided Retirement Show to discuss our team approach to financial planning for retirement. In this podcast interview, you'll learn: What It Means to Be the CEO of Your Retirement Our Team Approach to Financial Planning for Retirement What It's Like to Work Together with a CFP® Professional, CPA, and CFA How to Gain More Confidence, Freedom, and Time in Retirement START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/95 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

It's hard to believe that we're approaching the 100th episode of The Guided Retirement Show. But before we release that special episode later this season, we want to reflect on The Guided Retirement Show's first two episodes. They were released back in 2019 and focused on Roth vs. traditional IRAs. Along with looking back at what all has changed in the tax code that impacts the Roth vs. traditional decision, we need to take a forward-looking approach during this discussion. That's because there are new tax laws scheduled to start in 2026 after the Tax Cuts and Jobs Act sunsets. There a lot of things that need to be considered when choosing between Roth and traditional. Modern Wealth Management Managing Directors Dean Barber and Bud Kasper and Director of Tax Corey Hulstein, CPA are going to review those considerations. In this podcast interview, you'll learn: The Difference between Roth vs. Traditional Tax Rates Are Scheduled to Go Up in 2026 After the Tax Cuts and Jobs Act Sunsets Some of the Key Changes with SECURE 2.0 The Ins and Outs of the Roth Five-Year Rules START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/94 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

Our featured guest on this episode of The Guided Retirement Show is a very familiar one. LSA Portfolio Analytics President and Founder Brad Kasper made his seventh appearance on the podcast, as he joined Dean Barber to discuss some of the latest news with the economy, markets, interest rates, and the Fed's monetary policy tools. The last time Brad appeared on The Guided Retirement Show was a little more than a year ago. It was a very tumultuous time for the Federal Reserve, so Brad broke down the multiple headwinds that the Fed and the markets were facing. A lot has happened in the 13 months since Brad and Dean last discussed that, so you won't want to miss their conversation on the Fed's monetary policy tools and latest actions. In this podcast interview, you'll learn: How Historic Last Year's Fixed Income Drawdown Was Jerome Powell's Latest Outlook The Massive Wall of Private Credit The Difference Between a Recession and a Richcession START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/93 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

After making his Guided Retirement Show debut in May, Modern Wealth Management Director of Investments Stephen Tuckwood joins Dean Barber again to talk about direct indexing and custom indexing. Tuck is a Chartered Financial Analyst and wants you to have a good understanding of tax-efficient investing. It's a big deal. When we think about people who have invested money outside of retirement accounts, taxes can be a big wealth eroding factor and take away from the total return. That's why we're going to focus today on tax-efficient investing and in particular, direct indexing, which is fairly new to the average investor. In this podcast interview, you'll learn: The theory behind direct indexing and its structure How to remain diversified via direct indexing The benefits and drawbacks of direct indexing START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/92 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

Defining True Wealth with Ken Osiwala Show Notes For our Season 9 premiere of The Guided Retirement Show, Ken Osiwala joins Dean Barber to define true wealth. To truly understand what wealth means to you, you first need to define what's important to you. Ken and Dean explain why there's so much more to defining true wealth than how much money you have. In this podcast interview, you'll learn: The definitions of financial wealth, health wealth, time wealth, and social wealth. There's more to defining wealth than how much money you have. You have a mindset change when you enter retirement. The importance of family financial planning. START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/91 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

8 Questions Retirees Are Asking with Chris Rett Show Notes We've reached the end of Season 8 of The Guided Retirement Show, which means Modern Wealth Management Lead Advisor Chris Rett is joining Dean Barber again for another season finale. This is the fourth time that Chris has joined Dean to address various questions about retirement. If you missed those episodes or want to tune into them again, you can do so via the links below. Episode 51 – Addressing You: Answering Questions from Our Listeners Episode 68 – Mail Bag: Answering More Questions from Our Listeners Episode 78 – 20 Retirement Questions You Should Be Asking In this episode, Chris and Dean will be addressing eight questions that retirees are asking. These questions that retirees are asking have been frequently asked by our clients and prospective clients. If you're retired or are planning for retirement, you need to know the answers to these questions as well, so make sure to follow along. In this podcast interview, you'll learn: How to Go About Finding Out If You Have Enough to Retire … and If You Can Stay Retired Why CDs, Bonds, and Treasuries Are Attractive Right Now How to Fight Off Inflation Why Roth Conversions Are So Appealing Right Now START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/90 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

So many people want to know the answer to the question, “How much do I need to retire?” More and more people have become less and less patient with getting that answer and just use a retirement calculator that gives them a quick answer. But we can guarantee that isn't the right answer. Those retirement calculators don't factor in so many important items—such as inflation, Social Security, Required Minimum Distributions, and your goals for retirement. Those are all components of a complete financial plan, which is what you need to figure out how much you need to retire. Logan DeGraeve joins Dean Barber on The Guided Retirement Show to review the components of a complete financial plan. These are critical things to think about before and during retirement, so you won't want to miss what Dean and Logan have to share. In this podcast interview, you'll learn: The differences between traditional and Roth 401(k)s/IRAs. Your goals are a crucial component of your financial plan. Taxes and health care are the two biggest wealth-eroding factors in retirement. The components of a complete financial plan should come together to take you to and through retirement … and maybe legacy is important to you as well. START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/89 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

The month of May is a time for many exciting things: graduations, family vacations right after school is out, the beginning of pool season—the list goes on. May also marks Older Americans Month. Older Americans Month allows Modern Wealth Management Managing Director Dean Barber to reflect upon his career in the financial services industry and what it's meant to him. On this episode of The Guided Retirement Show, Dean is going to share a story about how his grandfather taught him so many important things in life, including how to find success in his career. Dean has continued to learn from hundreds of other older Americans throughout his career as he's helped guide them to and through retirement. Let's hear more from Dean about what Older Americans Month means to him. In this podcast interview, you'll learn: What Dean has learned from older Americans, including his grandfather and hundreds of clients How Dean is carrying on his mission of helping others from Barber Financial Group to Modern Wealth Management The importance from learning about work ethic, honesty, and integrity from older Americans The difference between an investment portfolio and comprehensive financial plan START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/88 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

Two weeks ago on America's Wealth Management Show, Modern Wealth Management Co-Founder and President Jason Gordo and Managing Directors Dean Barber and Bud Kasper told everyone to stay tuned for more exciting news. We're thrilled that we can share that news with you today on The Guided Retirement Show. As we build our investment management team at Modern Wealth Management, we'll be doing so with our newest team member, Director of Investments Stephen Tuckwood, at the helm. Stephen, AKA “Tuck,” joined Dean on The Guided Retirement Show to share a little bit about his background, proper portfolio construction, investment risk, and how a good CFP® Professional that has access to a Chief Financial Advisor can make a major difference in your portfolio. In this podcast interview, you'll learn: The Background of Modern Wealth's Director of Investments, Stephen “Tuck” Tuckwood What Goes into Proper Portfolio Construction? The Relationship Between a CFP® Professional and Chief Financial Advisor The Importance of Taking Your Emotions Out of Investing START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/87 Learn More about Retirement Planning Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com

When discussing things to consider before retiring, many people immediately start to think about things related to their finances. And with good reason. There are several things that need to be considered to ensure that your financial life is in order heading into retirement. But retirement isn't all about money. What about your goals? If you're married, what's your spouse's plan for retirement? As Dean Barber and Drew Jones review things to consider before retiring on The Guided Retirement Show, one of the main things they'll discuss is determining what you want your lifestyle to look like in retirement. Pay close attention to what Dean and Drew have to say so that you can define your retirement lifestyle prior to retirement and build a financial plan around that desired lifestyle. In this podcast interview, you'll learn: Why you need to mentally prepare for retirement. Your retirement is unique to you, but it isn't solely about you. Time and health are some of our biggest assets. What to consider with a budget and balance sheet in retirement. To think about how much you're saving and where you're saving to. START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/86 Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

David Mitchell and Dean Barber discuss the market and economy over the past two years since they last spoke in March 2021. They'll also dive into what they see as the long-term outlook for the markets and more. In this podcast interview, you'll learn: What has Happened in the Markets and Economy since March 2021 How the Bond Market Is in Territory Unseen Since the 18th Century What Dean and David Think Will be the Long-Term Outlook in the Markets Why it's Important to Have a Forward-Looking Retirement Plan START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/85 Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

If you've been around Dean Barber recently and have noticed that he's smiling even more than usual, we might know the reason why. He just got to talk with Will Doty about his favorite part of the tax code—Roth IRAs—on The Guided Retirement Show. More specifically, Roth conversions before and after retirement. A lot of people might think that there's nothing to smile about within the tax code. Well, it's still easy to feel that way, but former Delaware Senator William Roth did his best to change that in the late 1990s when he created the Roth IRA. Dean says it's the best part of the tax code because the money in a Roth IRA becomes tax-free if you follow to rules. Dean and Will are looking forward to elaborating on that in this episode. In this podcast interview, you'll learn: The Perks of the Roth IRA Being Tax-Free How to Get Money into a Roth IRA What to Consider When Deciding to Contribute to Roth or Traditional The Roth IRA Five-Year Rule How Medicare Premiums and Claiming Social Security Factor into Roth Conversions Before and After Retirement START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/84 Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

In the first couple months of 2023, one of the things we've been trying to do is highlight how the newest tax rules affect you. A lot of people have been wondering what exactly Congress was thinking with some of those new tax rules. However, there were some welcomed changes from Congress with the SECURE Act 2.0. How does the SECURE Act 2.0 compare to the SECURE Act? America's IRA Expert Ed Slott joins Dean Barber on The Guided Retirement Show to help explain the ins and out of the SECURE Act 2.0. In this podcast interview, you'll learn: How the Original SECURE Act Was a Game-Changer for Retirement Planning and Legacy Planning. What's New with the SECURE Act 2.0? Why Roth Accounts Are Even More Advantageous Now How to Clear Up the RMD Age Confusion START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/83 Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

Whenever Dean Barber discusses investments, it's hard for him not to think of a famous quote from Berkshire Hathaway CEO Warren Buffett. Be fearful when others are greedy, and greedy when others are fearful. Understanding investment risk can be difficult if you let emotions like fear and greed take over at the wrong times. How do you combat the fear of missing out when it comes to investing? Dean and Anchor Capital CEO Garrett Waters will discuss exactly that and much more about investment risk in this episode of The Guided Retirement Show. In this podcast interview, you'll learn: How to Remove the Emotion from Investing Combating the Fear of Missing Out When Investing How to Decide Whether to Be More Defensive or More Aggressive Looking at Investment Risk First Rather Than Returns START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/82 Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

When we're trying to find out what's most important to people in their retirement, one of the most common answers is spending time with family. Many of those people are also passionate about gifting money to the next generation(s) so that their loved ones are in good hands financially after they pass on. The ins and outs of estate planning are very important, but also quite complex. That's why we're having Matt Kasper, CFP® join Dean Barber to discuss Family Financial Planning. In this podcast interview, you'll learn: The four main components of a financial are all connected, and they impact not only yourself, but the next generation. Communication is critical with family financial planning. The differences between a will and a trust. Investments aren't the main focus with family financial planning. START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/81 Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

With tax filing season officially underway as of January 24, we want to review the advantages of doing tax planning during tax preparation season. It's important to realize that tax compliance and tax planning aren't one in the same, though. Our Director of Tax, Corey Hulstein, joins Dean Barber on The Guided Retirement Show to discuss some tax planning strategies to consider during tax preparation season. In this podcast interview, you'll learn: How we go about minimizing taxation for someone not just in one calendar year, but over their lifetime. There's a big difference between figuring out your quarterly estimates and doing forward-looking tax planning during tax preparation season. Why QCDs and donor-advised funds could work for you if you're charitably inclined. It's important to have your CPA and CFP® Professional working together. Why it's critical to do tax bracket planning and think about how much of your Social Security can be taxable. START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/80 Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

We're thrilled to get the ball rolling with Season Eight of The Guided Retirement Show. Season Eight begins with a familiar guest, as Garner Insurance Agency, LLC Owner Taylor Garner returns to The Guided Retirement Show. Taylor last appeared on the podcast in March to discuss health care costs in retirement. For this episode, he and Dean Barber will talk about Medicare changes in 2023. In this podcast interview, you'll learn: There was an historic 8.7% Bump in the 2023 Cost-of-Living Adjustment for Social Security recipients We received some good news on the Medicare Part B premium front as well Inflation is at the root of the Medicare changes in 2023 As always, it's important to plan ahead when considering Medicare changes The pros and cons of group health insurance vs. Medicare START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/79 Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

For the Season 7 finale of The Guided Retirement Show, Chris Rett joined me to answer questions in a mailbag format. We're sticking with the same idea of answering important retirement questions for our loyal listeners but are switching things up a little bit for the Season 7 finale. This time, Chris and I have compiled a list of 20 retirement questions that people should be asking their financial advisor.   Whether you've only been thinking about a couple of these retirement questions or all 20, I encourage you to listen closely to my conversation with Chris. Chris and I educate ourselves every day by asking questions. You can do the same by asking yourself questions like the 20 retirement questions that we're about to review.     In this podcast interview, you'll learn: It's critical for your financial plan to be goals-based when you're planning for retirement. A financial plan and an investment strategy aren't one in the same. How tax planning, Social Security planning, estate planning, and risk management serve as financial planning pillars Each of your retirement questions should all lead back to your financial plan.     START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/78   Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

In a change of pace for the holiday week, Dean speaks to our listeners about tax planning opportunities and what he is thankful for looking toward 2023.   In this podcast interview, you'll learn: Charitable giving through Qualified Charitable Distributions (QCDs)     START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/77   Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

With Thanksgiving right around the corner, I've started to think a lot about the things I'm think for. Of course, there's my family, great friends, and everyone that trusts me to help them with various aspects of financial planning. But another thing I'm obviously thankful for is my home. So, I figured this would be a great opportunity to discuss some key mortgage tips to think about when financial planning for people of different ages.   I'm excited to have Tim Kay, who is a branch manager at Guild Mortgage to help me review those mortgage tips on The Guided Retirement Show. We'll discuss mortgage tips for people looking to buy their first home, people who might be looking to buy a summer or winter home in retirement, and so much more.   In this podcast interview, you'll learn: How today's housing market compares to the Great Recession. When and when not to refinance your home. Mortgage tips to consider for people who are looking to buy their first home, second home, and so on. What is a HELOC (home equity line of credit)?     START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/76   Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

Financial planning and serving others are big passions of ours at Barber Financial Group. Our Chief of Staff, Chad Webb, committed himself to serving others long before he arrived at Barber Financial Group in May 2021. Chad served our country for 21 years in the United States Marine Corps, attaining the rank of First Sergeant. Chad still maintains regular contact with his Marine brothers, but wanted to do something special for all veterans with Veterans Day coming up. It's important to Chad for people to fully understand the financial planning opportunities available to veterans. It's my honor to have Chad join me on The Guided Retirement Show to review financial planning for veterans, as we thank all veterans for their service to our great country.   In this podcast interview, you'll learn: There are many educational resources available to active service members and veterans. Transition Readiness Seminars highlight financial planning for veterans and much more. What a Thrift Savings Plan is and how to go about using it. You can utilize all the benefits related to financial planning for veterans if you don't do your research.     START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/74   Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

Acronyms can sometimes make things easier to understand or remember, but there are a few of them that relate to your retirement that are very complex. Two of them are RMDs (Required Minimum Distributions) and the SECURE Act (Setting Every Community Up for Retirement Enhancement). The rules for RMDs have changed due to the SECURE Act, and it's vitally important that you understand them In this episode of The Guided Retirement Show, Will Doty joins me to explain RMDs, tax planning opportunities surrounding RMDs, how RMDs factor in when leaving money behind for the next generation, and so much more.   In this podcast interview, you'll learn: How the rules for RMDs changed because of the SECURE Act Why the SECURE Act is secure in name only When to start thinking about RMDs How to plan around taking your RMDs     START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/74   Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

As many Barber Financial Group clients have come to realize, it's critical to have a CFP® Professional and CPA working together on your financial plan. That collaboration is key so that nothing gets overlooked within your plan from a tax planning perspective. Our tax team has long been committed to forward-looking tax planning, not only during tax season, but year-round. They're looking forward to building upon that commitment and analyzing the impact of taxes in retirement now that we've formed a strategic partnership with Retirement Tax Services. In this episode of The Guided Retirement Show, Retirement Tax Services Founder and Owner Steven Jarvis shares what his company is all about, and how he's in full agreement with our form about the importance of CFP® Professionals and CPAs collaborating to do what's in the best interest of the clients.   In this podcast interview, you'll learn: Why it's crucial to create tax diversification. That the tax code can be a little less complicated with professional help. Why the SECURE Act is secure in name only. How to avoid “tipping the IRS.” Why Barber Financial Group and Retirement Tax Services are so passionate about tax planning.     START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/73   Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

There are a lot of things that are misunderstood about private equity markets. And somewhat understandably so. The landscape of private equity markets has changed considerably over the past few years to the point where individual investors can now participate. Michael Faciana joins Dean Barber on The Guided Retirement Show to help explain the many nuances of private equity.   In this podcast interview, you'll learn: The landscape of private equity has changed immensely in recent years, and it's possible for individual investors to take part in it. There have been benefits of private equity funding private corporations longer. How companies like Amazon, Google, Apple, and Microsoft started out of someone's garage. Why companies are staying private longer.     START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/71   Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

Whether it's the markets, interest rates, inflation, political and geopolitical environments, or the complicated and ever-changing tax code, uncertainty seems to be everywhere we look in 2022. While uncertainty can be overwhelming, there are many ways to mitigate it. The first step is to overcoming uncertainty is to start a comprehensive, forward-looking financial plan. Logan DeGraeve and I look forward to highlighting how the different components of a financial plan can help you overcome uncertainty on the latest episode of The Guided Retirement Show.   In this podcast interview, you'll learn: How a financial plan can give you clarity, which leads to a sense of confidence and control leading up to and through retirement Having an up-to-date estate plan is critical to mitigating uncertainty in your financial life Different tax planning strategies and how they can help with overcoming uncertainty That your spending plan will change throughout the different stages of retirement     START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/71   Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

We talk about tax planning strategies a lot at Barber Financial Group, and with good reason. There's a misconception that tax planning strategies are only applicable for the ultra-wealthy, but that's far from being true. To help me convey that important message, one of my good CPA friends, Marty James, is joining me on Guided Retirement Show.     In this podcast interview, you'll learn: The goal is to not pay the least amount of taxes over one year, but over your lifetime. When the best times are to do a Roth conversion The role Social Security plays when you're looking at tax planning strategies Why it's critical to have tax diversification     START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/70     Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

Welcome to Season 7 of The Guided Retirement Show! In our season premiere, I welcome back a return guest to the podcast in LSA Portfolios Analytics President Brad Kasper to discuss the many headwinds that the Fed and the markets are currently facing. And, boy, there are some significant ones. They include, but aren't limited to: Supply chain issues Inflationary pressures Slowing inflationary without sending the economy into a recession (AKA: engineering a soft landing) Ongoing market volatility In today's episode, Brad and I will go in depth on each of those headwinds that the Fed and markets are facing and how it impacts you. The bottom line is that having a financial plan is crucial right now.   In this podcast interview, you'll learn: The ins and outs of the challenge the Fed has on its hands with engineering a “soft landing.” How this market decline compares to market declines of the past. Why all bonds aren't created equal. What we can learn from PE ratios. Why our country has a spending problem.   START PLANNING To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/69   Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

Every week, our listeners send us questions on YouTube and through email–and every season, we try to answer as many of them as we can. The first time around, we had the privilege of speaking with Chris Rett, CERTIFIED FINANCIAL PLANNER™, and he kindly made time to join us for this episode as well. While we can't give perfect guidance for your specific financial situation in an episode of a podcast, we do have a special offer for you as a listener of the Guided Retirement Show. Simply click here to schedule a 20-Minute Ask Anything session with one of our CERTIFIED FINANCIAL PLANNER™ professionals, and we'll be in touch to help you chart a course toward a smart, sustainable retirement. In this episode, Chris and I dig into a wide array of topics, including how to accurately estimate your income and taxes in retirement, how to determine which retirement vehicle is best suited to your needs, and a ton of other issues facing people in their pre-retirement and early retirement years. In this podcast interview, you'll learn: How to calculate your estimated retirement income. What Biden's executive order to “do away with money and go digital” actually did. Why the government simply can't take away your 401(k) and bank accounts. How to determine whether to pay off more of your mortgage or invest that money in the market. The common misconceptions surrounding Roth IRAs. How COLA benefits affect your Social Security income. Get Today's Show Notes To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/68 Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

If you don't understand the rules of IRAs, bad things happen. With the wrong portfolio, you may find yourself hearing people tell you what you could've, should've, and would've done–and those little decisions can add up to make some big differences. If you don't want to wake up to an unpleasant tax surprise in retirement, today's episode is for you. Once again, I'm speaking to Ed Slott, America's IRA Expert. He's been teaching financial advisors about the ins and outs of IRAs for decades, and he's returned to the podcast to share lots of great new information on this extremely complex topic. In this conversation, Ed and I discuss why retirees often get such bad guidance, the new time bombs ticking in the world of retirement (and how best to avoid them), and why now may very well prove to be the best time in your life to pay taxes for years (or decades) to come. In this podcast interview, you'll learn: Why bad tax planning does the most damage to people with the biggest retirement savings. How changes to the tax codes have created a number of new “time bombs” for retirees to worry about. Why the SECURE Act took away many of the greatest benefits of holding retirement accounts. The one document that's more important than your trust that so many retirees fail to recognize the value of. Why IRAs or 401(k)s can no longer be passed on to your children. What makes “defer, defer, defer” such a bad tax strategy right now. Why now is the right time to find a great financial advisor. Get Today's Show Notes To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/67 Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

Almost everyone knows at least a little about investing stocks and bonds. However, far fewer individual investors are familiar with how to invest in currencies and commodities–and of that select group, even fewer know how to generate returns, regardless of the directions these four asset classes are moving. Today's guest, John Hampton, serves as Executive Director at An Alternative Investment Manager. Over the last 50 years, he's used systematic models to trade in these alternative asset classes on behalf of his investors.  In this conversation, John and I discuss why stocks and bonds get so much of the attention in the mainstream media, how to create a bidirectional investment strategy without setting yourself up to get burned, and how to find someone who can help you safely make these asset classes part of your portfolio.   In this podcast interview, you'll learn: Why CNBC, Bloomberg, and other outlets are so fixated on stocks and bonds. The four core components and major markets of bidirectional investing–and what makes it so risky as an individual investor. How alternative assets can help investors make money in times of rampant inflation. How algorithmic investing can take greed and fear out of the marketplace. Why black swan events like 9/11 and the COVID-19 pandemic prove the importance of good financial guidance. Get Today's Show Notes To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/66 Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

For many people, the 401(k) is their largest asset. From the moment you take your first job, your employer may automatically enroll you into a 401(k), but the plan administrator rarely has your best interests in mind–and barely knows your name. So, how do you personalize the 401(k) to your unique needs and ensure that it will help take you through retirement and beyond? To answer that question, I'm excited to talk to Drew Jones. He's a CERTIFIED FINANCIAL PLANNER™ who specializes in working with people aged 55 and older, helping them create holistic financial plans using a combination of financial and insurance products, tax reduction strategies, and proper estate planning. In today's episode, Drew walks me through how he works with new clients looking to talk about retirement. You'll learn how to assess risk in your financial plan, how to use different retirement vehicles to best suit your unique needs, and ensure that you'll be able to protect your spouse or family should the worst happen. In this podcast interview, you'll learn: Why employers often fail to personalize 401(k) plans to meet employee needs. What makes a typical 401(k) plan riskier than people think they are–and how Drew helps his clients reallocate their assets. The difference between a traditional or a Roth 401(k) and how to choose which will best serve you. How to stress test your portfolio. The key questions you need to ask as you build out your retirement plan. Get Today's Show Notes To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/65 Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

We've seen incredible growth in the alternatives market over the last several years, and plenty of secondary markets have emerged for corporate investments. But what do you do if you want to invest in assets like real estate investment trusts (REITs)? These investment vehicles come in all shapes and sizes. Some have been wildly successful, and others have been complete and total flops.  To help us improve our understanding of these investments, I'm thrilled to welcome Brian King. Brian is the CEO of Realto, a marketplace for non-traded securities that would otherwise be illiquid. Institutional and even retail buyers can use platforms like Realto to buy positions in REITs.  In our conversation, we explore why you might (or might not) want to invest in private markets, how a platform like Realto helps determine the actual value of illiquid assets, and the alternative marketplaces he sees emerging in the months to come. In this podcast interview, you'll learn: Why it's so hard to know what you're specifically investing in when working through broker/dealer channels. Why real estate is by nature illiquid–and why so many REITs have never had liquidity events. Why you should be wary of letters from McKinsey, CMG, and Comrit. How real estate can act like a bond on steroids when an asset performs well. Why a marketplace for private debt and private equity is in Brian's future.  Get Today's Show Notes To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/64 Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com