Podcast appearances and mentions of erin kennedy

New rules for Required Minimum Distributions could catch retirees off guard—especially if you're turning 73 this year. One key headline: RMDs now have to be the first money out of your account. From stricter timing requirements to steeper penalties, the IRS is cracking down. In this video, Peter with Richon Planning talks through the new rules with Erin Kennedy, including:  -What “first money out” means for your accounts and rollovers   -Why QCD timing is more important than ever -The costly mistake 73-year-olds need to avoid If you'd like to make sure you're ready for these 2025 changes, or if you'd like to discuss other strategies to minimize the tax burden that comes with Required Minimum Distributions, please give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com

When it comes to retirement, saving enough is only part of the equation. You also need to plan for the risks that could derail your financial future. In this video, Peter with Richon Planning and Erin Kennedy break down the 9 Critical Risks You Need to Plan For: ✅ Sequence Risk – How market downturns early in retirement can deplete your savings. ✅ Legislative Risk – The impact of changing laws and policies. ✅ Withdrawal Rate Risk – Is the 4% rule still relevant? ✅ Healthcare Costs & Long-Term Care – Likely your biggest expense.  ✅ Spousal Income Changes – How losing a spouse affects income. ✅ Market Volatility – The impact of timing and market swings. ✅ Taxation – Strategies to keep more of what you've saved. ✅ Inflation – The silent threat that erodes purchasing power. ✅ Longevity – How living longer amplifies all these risks. Ready to take the next step? Download “The Countdown to Retirement”—a comprehensive guide that encourages you to rethink conventional wisdom and consider planning strategies that protect your lifestyle, comfort, and peace of mind. Head to www.RichonPlanning.com, or call Peter at (919) 300-5886.

Recently, stocks closed out their worst quarter since 2022. The S&P 500 and the Nasdaq logged their worst performance since Russia's invasion of Ukraine. While these headlines can be upsetting, as Peter with Richon Planning explains to Erin Kennedy, the market downturn can also provide some very specific opportunities for smart investors, including: Put Your Cash to Work – Lower valuations let you buy quality investments at a discount for long-term gains. Consider Tax Loss Harvesting – Selling at a loss can offset taxes now or in the future, turning dips into tax savings. Roth Conversions – Converting in a down market means paying less tax now and maximizing future tax-free growth. If you'd like to learn how to take advantage of this market downturn, please feel free to give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com

The “retirement red zone” is the 5 years before and after retirement—a critical time when your decisions about investments, income, and risk can have a lasting impact on your retirement security. In this video, Peter with Richon Planning and Erin Kennedy zero in on the 10 Steps to Prepare for Retirement: ✅ Define Your Budget – Why knowing what you'll spend is the foundation of your plan. ✅ Define Your Sources of Guaranteed Income – Create a predictable income stream. ✅ Define Your Income Gap – Identify how much more you'll need to cover expenses. ✅ Strategize on Social Security – One of the biggest decisions you'll make in retirement. ✅ Formulate an Income Plan – Bridge the gap between income and expenses. ✅ Understand Your Risk Exposure – How much risk is too much as you approach retirement? ✅ Consider Taxes – Plan ahead for what may be one of your biggest expenses. ✅ Consolidate “Like-Qualified” Accounts – Simplify your retirement portfolio. ✅ Consider Inflation – Protect your purchasing power over time. ✅ Review & Update Your Legal Documents – Why this final step is crucial for protecting your wishes. Ready to take action? Download “The Countdown to Retirement”—a guide that challenges conventional wisdom and helps you craft a plan that safeguards your lifestyle, comfort, and peace of mind. Visit www.RichonPlanning.com, or call Peter at (919) 300-5886.

Once people retire, their spending habits often change. Housing, healthcare, and groceries will still make up a significant part of your budget, however, as Peter with Richon Planning explains to Erin Kennedy since retirement often means more free time, you'll probably be spending more "fun money" on these common expenses: 1. Travel  2. Recreational Vehicles 3. Vacation Home 4. Hobbies If you'd like to talk with Peter to create a realistic retirement spending plan that accounts for your own unique retirement goals, please call (919) 300-5886 or visit www.RichonPlanning.com

Investing during market volatility or downturns requires a very different approach. In light of recent volatility and stubborn inflation rates, Peter with Richon Planning and Erin Kennedy walk through a few tips, including: -Is Cash Really King? -Defensive Stocks: healthcare, utilities, and consumer staples like food and beverages are fairly recession proof -Dividend Stocks and Fixed Income Investments like Bonds and Structured Notes -Keep Investing, a strategy known as Dollar Cost Averaging If you'd like to speak with Peter to create a financial plan that can withstand volatility, or if you'd just like to talk through these recent headlines, feel free to give him a call at (919) 300-5886 or set up a complimentary appointment by visiting www.RichonPlanning.com

Everyone's most favorite retirement account, the 401(k), is a great way to save, but it is just a tool, not a strategy. As Peter with Richon Planning explains to Erin Kennedy, without proper planning, you could face unexpected taxes, income gaps, and market risk. There's a reason 401ks are known as tax time bombs: beyond being tax-deferred (which means you will pay taxes at an unknown and probably higher rate in the future), the Required Minimum Distributions can push you into a higher tax bracket in retirement. We are living in a historically low tax rate right now, and taxes are set to increase at the end of 2025. If you'd like to work with Peter to create tax-free income in retirement, please call (919) 300-5886 or visit www.RichonPlanning.com

Roth Conversions can be one of the best strategies to create tax-free income in retirement. And those accounts can grow tax-free indefinitely because they don't have required minimum distributions. In this video, Peter with Richon Planning and Erin Kennedy talk through the pros and the cons of converting your tax deferred accounts to Roth accounts while you're still working. Keep in mind, when you convert those funds, you'll need to pay the taxes upfront, and it's best if you can pay that bill in cash (pro: if you're working, you may have more financial flexibility). But keep in mind, those dollars are also counted as taxable income, which, without proper planning, could push you into a higher tax bracket. There is no cookie-cutter answer to this question; the answer will depend on your current tax bracket, your projected future tax bracket, and your unique financial circumstances. If you'd like to crunch the numbers with Peter, please call (919) 300 - 5886 or visit www.RichonPlanning.com

According to @Vanguard's "Advisor's Alpha" study, a good financial advisor can add about 3% in net returns *per year* through behavioral coaching, asset allocation, rebalancing, and tax planning. In this video, Peter with Richon Planning and Erin Kennedy discuss, in detail, the reasons behind that performance gap. DIY investors often underperform the market because they tend to react emotionally to market movement versus sticking to a risk appropriate financial plan. For more information, please read this study by @DALBAR titled Investor Behavior Continues to Hinder Returns. hyperlink https://www.dalbar.com/Portals/dalbar/Cache/News/PressReleases/QAIB2024_PR.pdf A good financial advisor should provide concrete value to clients, beyond just portfolio returns. If you'd like to have a no obligation chat with Peter to determine if you could benefit from having a personalized financial plan, give him a call at (919) 300-5886 or visit www.RichonPlanning.com

Hear how God is using Erin Kennedy's heart for missions in her engineering career! You will be encouraged as she shares a "beautiful testament of His faithfulness to what He tells us and what He commands us to do."

Before you retire, there are very specific questions you should ask your advisor. In this video Peter with Richon Planning and Erin Kennedy talk through those questions, which, when answered, can give you a much clearer picture as to whether you are really ready to retire. Those questions are: 1. Am I financially ready to retire?  2. What income sources will I rely on in retirement? 3. How can I minimize taxes on my retirement income? 4. What adjustments should I make to my investment portfolio? 5. Do I have enough saved to account for inflation and unexpected expenses? 6. Do I have a plan for long term care? And keep in mind, if your advisor can't answer these questions, it might be time for a new advisor. If you feel like you're ready to retire, but would like to talk it through with a professional, please give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com

Taxes don't disappear in retirement. In fact, understanding tax implications becomes even more important when you're retired. In this video, Peter with Richon Planning and Erin Kennedy talk through the 4 tax questions you should ask your financial advisor before retiring, including: 1. How will my tax situation change once I retire?  2. Are there strategies to reduce my tax liability in retirement? 3. Should I consider a Roth conversion before I stop working? 4. What are the tax implications of withdrawing from my various accounts? If you'd like to learn if you're tax-ready for retirement, please give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com

Investing can seem complex and confusing, and you may wonder whether you're doing all you can to achieve your goals. In this video, Peter with Richon Planning and Erin Kennedy talk through 5 mistakes you might be making and how to turn things around. Here are those mistakes: 1. Getting out when the going gets tough  2. Taking on too much (or too little) risk 3. Not rebalancing your portfolio regularly 4. Paying too much in taxes 5. Not seeking professional advice As for that last mistake, ask yourself: Do I have the skills to do this? Do I have the time to do this? And, maybe most importantly, do I want to do this? If the answer is 'no' to any or all of those, it may be worth asking for some advice. If you'd like a second opinion on your plan, or to find out if you're on track, please call Peter at (919) 300-5886 or visit www.RichonPlanning.com

A new bill, called the Social Security Fairness Act, was just signed into law and will increase payments for nearly 3 million current and former public employees. As Peter with Richon Planning explains to Erin Kennedy, the law repeals the Windfall Elimination Provision and the Government Pension Offset, which limited benefits for recipients with other pensions. That means teachers, firefighters and police officers, among other public-sector occupations, will soon receive benefits in the full amount. If you think you may be eligible for the Social Security Fairness Act benefits, please reach out to Peter to talk through the changes you can expect. You can set up a complimentary appointment by calling (919) 300-5886 or visit www.RichonPlanning.com

It's that time of year, time to get ready for tax day. Yes, it's stressful, but as Peter with Richon Planning explains to Erin Kennedy, with a little bit of preparation, it doesn't have to be.  To set yourself up for success and a stress-free filing, Peter outlines: -The steps you should take now to ensure you're fully prepared for tax season -How to avoid common tax filing mistakes -How to maximize deductions and credits If you'd like help getting prepared for tax day, or if you'd like a second set of eyes on your return before you file, please feel free to reach out to Peter by calling (919) 300-5886 or visit www.RichonPlanning.com

Breast cancer is the most common cancer in the UK, affecting 1 in 7 women in their lifetime. Yet, many people still believe it's a disease that only affects older women. The reality? 2,500 people under 40 are diagnosed every year.In this episode of the Family Health Podcast by Mini First Aid, host Kate Ball speaks with Paralympic champion Erin Kennedy OBE and Emma Walker from the breast cancer awareness charity Coppafeel! Erin shares her powerful story of discovering a lump at just 29, her journey through treatment, and her extraordinary return to competitive sport. Emma provides essential guidance on breast health, including:✅ The importance of checking your chest regularly and knowing your normal✅ Common misconceptions about breast cancer and who it affects✅ Signs and symptoms to look out for, including those that are often missed✅ How pregnancy can impact breast cancer diagnosis✅ What to do if you find something unusualEarly detection saves lives, and this conversation is a must-listen for every woman, mum, daughter, and friend. Checking your chest is quick, simple, and could be life-saving.References:Connect with Erin Kennedy here on InstagramFind out more about Coppafeel!Sign up for Coppafeel!'s monthly check yourself reminderDownload the leaflet Your Breasts During and After PregnancyFind out more about Triple Negative Breast Cancer and other types of cancer here at Cancer Research UKFind out more about Mummy Star - cancer support in pregnancyFind out more about breast cancer treatments including the different types of chemotherapy treatment hereCancer treatment prehabilitation adviceCoppafeel's guide to breast cancer signs and symptomsFind out more about fundraising for Coppafeel! including how to join a Coppafeel! trek here.Mini First Aid Family First Aid Kit - Platinum Award winning first aid kit, voted a Best Buy in the Loved By Parents Awards 2021, is a comprehensive first aid kit for all the family. Containing 115 essential items, it is ideal for keeping in your car or at home for any first aid emergenciesFind out more about our multi award winning two hour Baby & Child first aid classes here, delivered in a relaxed and comfortable style to give you the confidence to know what actions to take if faced with a medical emergencyFind out more about our NEW first aid awareness for adults classes here; just two hours of your time to learn life-saving skills.For press enquiries and to contact Mini First Aid, email info@minifirstaid.co.ukSeries 4 of the Family Health Podcast by Mini First Aid is sponsored by Things Happen, a trusted broker which offers the best financial advice to help parents and their families make informed decisions, ensuring a secure and

Annuity sales set new records in 2024. In the first nine months of the year, we saw a 23% increase to $331.2 billion! In this video, Peter with Richon Planning and Erin Kennedy walk through why annuity sales have seen a huge jump in sales, and they discuss whether the Fed's decision to lower interest rates will affect their returns. People often turn to annuities to create sustainable income in retirement. If you'd like to learn more about annuities, how they're taxed, and whether they make sense as part of your financial plan, or if you'd like a second opinion about an annuity you recently bought, please reach out to Peter by calling (919) 300 - 5886 or visit www.RichonPlanning.com

Roth IRAs are a great way to create wealth. Roths offer tax-free withdrawals of contributions and earnings in retirement. Plus, that money can grow tax-free indefinitely because Roths are not subject to required minimum distributions. However, as Peter with Richon planning explains to Erin Kennedy, there is a catch: you can only contribute to a Roth IRA if your income is below $165,000 for single filers and under $246,000 if you filed married. If you're over that limit, there are still 4 ways to contribute to your Roth account, including: 1.Roth 401(k) 2. Roth conversion 3. Backdoor Roth 4. Mega-backdoor Roth IRA Some of these strategies are more complex than others, so if you're above those income limits and are considering one of these strategies, please reach out to Peter by calling (919) 300 - 5886 or visit www.RichonPlanning.com

According to the @Bureau of Labor Statistics, the average annual expenses for people 65 plus in 2021 was about $52,141.00, which works out to about $4,345 a month. But as Peter with Richon Planning explains to Erin Kennedy, no two people are alike, so figuring out how much money YOU will need depends on your lifestyle and your unique retirement goals. To determine what you'll need for a comfortable, monthly retirement income, first walk through these prompts: 1. Picture your ideal retirement  2. Create a spending plan 3. Consider common risk factors 4. Build a robust nest egg 5. Create a legacy plan  nb If you'd like to speak with Peter to build a personalized retirement plan that addresses your unique goals, please give him a call at (919) 300 - 5886 or visit www.RichonPlanning.com

For the first time this year, on the 2024-25 FAFSA, students are no longer required to report cash gifts from a grandparent or contributions from a grandparent-owned 529 savings plan. As Peter with Richon Planning explains to Erin Kennedy, that means, grandparents can now use a 529 plan to fund a grandchild's education without impacting the child's financial aid eligibility. Peter also walks through the benefits of contributing to a 529 plan, including perhaps the biggest perk following the passage of the SECURE Act 2.0: up to $30,000 of unused funds in a 529 account can be rolled over into a Roth IRA for your grandchild, giving him or her a leg up on retirement planning! If you'd like to talk about how to open a 529 account, or if you'd like to learn about other ways to help your grandchildren financially, please call Peter at (919) 300 - 5886 or visit www.RichonPlanning.com

Let's address the number one fear of most retirees: running out of money. One way to make your nest egg last longer... figure out how to keep all of it in your pocket, as opposed to sharing it with the government. In this video, Peter with Richon Planning explains to Erin Kennedy how converting your tax deferred accounts to Roth accounts can add years to your retirement nest egg. Not only will you likely pay less in taxes in retirement you'll reap other advantages like keeping your provisional income lower, which could decrease the taxes you pay on your Social Security benefit. Now is the time to consider Roth Conversions; we are living in a historically low tax rate, and those rates are set to increase at the end of 2025. To crunch the numbers with Peter, please call (919) 300 - 5886 or visit www.RichonPlanning.com

Back in 2022 when inflation was through the roof, we were able to buy I Bonds, or inflation bonds, with a 9.6% return! Now though, the rate of return is just over 3%. In this video, Peter with Richon Planning and Erin Kennedy discuss whether investors should redeem those I Bonds and invest in something else. The short answer is yes. There are several places you can put your money right now that are considered "low risk" and still have a higher rate of return than 3%. That being said, if you sell your I Bond before its 5-year maturity date, you will lose the last 3 months' interest. If you'd like to crunch the numbers with Peter, and discuss alternate investments, please call (919) 300 - 5886 or visit www.RichonPlanning.com

The end of the year is a great time to start thinking about your finances for the upcoming year. So Peter with Richon Planning and Erin Kennedy are sharing 5 tips you can start now, to help you get on track for 2025. 1. Perform a Budget and Emergency Fund Checkup  2. Max Out Your Roth IRA (and HSA) 3. Consider Tax Loss Harvesting 4. Rebalance 5. Consider a QCD If you'd like to talk through your financial goals for 2025 and how you can achieve them, please reach out to Peter for a complimentary consultation by calling (919) 300-5886 or visit www.RichonPlanning.com

By 2034, it's projected that Social Security will only be able to pay about 78% of scheduled benefits if no changes are made to the system. This is why people need to start preparing now. In this video, Peter with Richon Planning and Erin Kennedy walk through these 4 tips to maximize your benefit: 1.Maximize When You Claim Social Security 2. Diversify Your Retirement Income 3. Work Now to Create Tax Free Income in Retirement 4. Have a Plan for Taxes Deciding when to claim Social Security could be one of the most important financial decisions you make in retirement, and helping you make that decision is something we specialize in at Richon Planning. To set up a complimentary appointment, please call (919) 300-5886 or visit www.RichonPlanning.com

Many people assume their taxes will be lower in retirement, but that's not always the case. In fact, as Peter with Richon Planning explains to Erin Kennedy, there are 4 good reasons you can plan on your taxes being higher in retirement: 1. You won't be spending less: if you need the same amount of money to enjoy your retirement, you'll be in the same tax bracket when you're not working.  2. Tax rates are set to increase: many financial experts believe that the Tax Cuts and Jobs Act of 2017 reduced federal income tax rates to the lowest level they may ever be. And those cuts are set to expire at the end of 2025. 3. RMDs: Required Minimum Distributions can push you into a higher tax bracket 4. Government debt: our nation's debt stands at $35 Trillion dollars! The government has two options to make up that deficit, reduce spending or increase revenue, i.e. raise taxes. Without proper planning, taxes may be one of your biggest expenses in retirement. To create a strategic tax plan that minimizes your taxes, please reach out to Peter at (919) 300-5886 or visit www.RichonPlanning.com

Erin Kennedy, CEO and Co-Founder of Girls Rugby, Inc., talks about the growth of non-contact, flag rugby programs in San Diego County for girls aged 6-14.  Kennedy discusses the leadership and empowerment skills  te girls learn through the program's curriculum.

The 2.5% cost of living adjustment reflects a steady decline in inflation. However, it looks like we'll be paying almost 6% more for Medicare Part B! That doesn't mean you'll see a smaller SS check in January, but if you're wondering how this will affect you, Peter with Richon Planning and Erin Kennedy walk through these questions: -Does the COLA affect when we should claim our Social Security benefits? -How does this jump in the cost of Medicare Part B affect my Social Security check? -How will this COLA affect the taxes we pay on our SS benefit? If you have any questions about when you should claim Social Security or how to pay for Medicare, please reach out to Peter for a complimentary consultation by calling (919) 300-5886 or visit www.RichonPlanning.com

Annuities can provide a guaranteed stream of income in retirement. And while the benefits aren't as significant for high-net-worth individuals, as Peter with Richon Planning explains to Erin Kennedy, there are a few that can make sense as part of a comprehensive retirement plan, including a: Longevity Annuity 2. Hybrid Long-Term Care Annuity 3. Charitable Gift Annuity 4. Grantor Retained Annuity Trust (GRAT) 5. Medicaid Compliant Annuity Of course, each of these options comes with certain pros and cons for each investor. If you'd like to talk through how you may be able to benefit from an annuity, please give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com

There are many different enrollment periods with Medicare, and there are penalties if you miss your enrollment period. October 15th kicks off the Annual Election Period, which runs through Dec 7th. In this video, Peter with Richon Planning speaks with Erin Kennedy to break down deadlines, costs, and the differences between each Part. There is no cookie cutter answer as to which plan or Part is right for you. To talk through your unique goals and priorities, give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com

A recent survey by AARP found that many Americans over 50 don't feel confident about their finances. However, if you follow these 3 specific strategies, as explained by Peter with Richon Planning to Erin Kennedy, you will certainly feel more in control, and you'll be setting yourself up for a financially happy retirement. Here's a look at those three strategies: Utilize the Bucket Strategy: segment your money based on time horizon which will allow you to grow your savings while still paying the bills Consider Semi-Retirement: According to data from the Bureau of Labor Statistics, the number of people 75 and older who are still working is expected to grow by 96% by 2030 Have a Plan (crunch the numbers): only 42 % of people have ever calculated what they'll need to live on in retirement. First step, make a budget. Then, create a plan that allows you fund your ideal retirement If you have any questions about how to finance your retirement to make sure you don't outlive your money, please give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com

You'd think any kind of income would be good, but phantom income, and the taxes that come with it, can take a lot of investors by surprise! Peter with Richon Planning and Erin Kennedy want to make sure you know how to avoid it and talk through some smart tax strategies to consider, including investing in ETFs (exchange traded funds) instead of mutual funds. If you'd like to work with an advisor who focuses on advanced tax planning, please reach out to Peter by calling (919) 300-5886 or visit www.RichonPlanning.com

You'd think any kind of income would be good, but phantom income, and the taxes that come with it, can take a lot of investors by surprise! Peter with Richon Planning and Erin Kennedy want to make sure you know how to avoid it and talk through some smart tax strategies to consider, including investing in ETFs (exchange traded funds) instead of mutual funds. If you'd like to work with an advisor who focuses on advanced tax planning, please reach out to Peter by calling (919) 300-5886 or visit www.RichonPlanning.com

In this inspiring episode of RunPod, Jenni welcomes Erin Kennedy, British Paralympic champion and motivational powerhouse, just one month after her incredible victory at the 2024 Paralympic Games. Erin, a gold medal-winning coxswain, has led Team GB's Paralympic rowing team to remarkable success, all while courageously overcoming a breast cancer diagnosis she received after the Tokyo Games in 2021.Now, Erin shares her powerful story of resilience, mental toughness, and the role fitness has played in both her professional and personal life. She dives into how running fits into her rigorous ‘three times a day, six days a week' training schedule, her unique approach to running, and how she's used fitness to overcome life's greatest challenges.Whether you're training for a race or just need that extra motivation to get moving, Erin's journey will inspire you to conquer your own goals—one step at a time. As she says in this episode, “Focus on the next few strides.”Get ready to feel empowered and motivated with Erin Kennedy on RunPod—an episode guaranteed to inspire you to push your limits and keep moving forward!

Roth accounts are an amazing tool when it comes to creating wealth. Roth IRAs are not subject to probate and can be passed on to heirs tax-free. They also grow tax-free! If you're considering a Roth Conversion, Peter with Richon Planning and Erin Kennedy walk through 3 key considerations: 1. Your future tax rate  2. When will you need to access the funds? 3. Your beneficiary's future tax rate Keep in mind, we are living in a historically low tax rate. Many financial experts believe that the Tax Cuts and Jobs Act of 2017 reduced federal income tax rates to the lowest level they may ever be, and those cuts are set to expire at the end of 2025. In other words, there has never been a better time to determine if a Roth Conversion is right for you. If you'd like to crunch the numbers with Peter, please call (919) 300-5886 or visit www.RichonPlanning.com #WealthManagement #Roth #RothConversion #FinancialAdvisor #Taxes

Interest rates have been high since March of 2022, but now, they're finally coming down. That means it's time to rethink how we're investing. In this video, Peter with Richon Planning and Erin Kennedy talk through why the Fed has decided to lower interest rates, and they discuss specific investments you should consider now that rates are coming down, including: High-yield Investments Bond ETFs Preferred Stock  REITs  Housing Stocks  If you would like to talk to Peter about how to invest as the Fed continues to lower interest rates, please feel free to reach out by giving him a call at (919) 300-5886 or visit www.RichonPlanning.com #InterestRates #Investing #WealthManagement #FinancialAdvisor

Check out this recent headline: "Hackers may have stolen the Social Security numbers of every American." And according to the experts, those numbers are now available -for free- on an online marketplace for stolen personal data. In this video, Peter with Richon Planning and Erin Kennedy discuss what you can and should do to keep your personal information safe, starting with: 1. Freeze Your Credit  2. Monitor Your Accounts Closely 3. Use Two Factor Authentication 4. Be Vigilant And we need to remind everyone watching... The biggest risk is: us! Hackers will do everything they can to steal our information, and they're very good at it! It's their job! You can freeze and unfreeze your credit reports at Experian, TransUnion and Equifax online, by phone or by mail. The online option is the fastest and easiest. Experian: www.experian.com/freeze/ TransUnion https://www.transunion.com/credit-freeze Equifax https://www.equifax.com/personal/credit-report-services/credit-freeze/ If you have any questions about keeping your money and your personal information secure, please reach out to Peter by calling (919) 300-5886 or visit www.RichonPlanning.com

Concerns about a cooling U.S. economy led to a recent market downturn. And that volatility may continue. As Peter with Richon Planning explains to Erin Kennedy, a correction was somewhat expected. Historically, we often see corrections around this time of year, particularly in August and September. But when our team at Richon Planning constructs portfolios, we always consider the potential impact of volatility, aligning asset allocation with each investor's unique risk profile. This helps manage risk while boosting long-term returns. It's important for investors to remember that these moments can present long-term opportunities. We're always on the lookout for such opportunities to position portfolios for future growth. If you have any questions about whether your portfolio can withstand or even capitalize on market volatility, please call Peter at (919) 300-5886 or visit www.RichonPlanning.com #WealthManagement #Retirement #Investing #MarketTrends #MarketVolatility

Erin Kennedy, the ethics committee chair for the PRSA Central California Chapter, discusses:  1) What to do when your boss wants to disclose information before you should 2) How to better understand how those spreading misinformation think

James & Anna speak to Paralympians Erin Kennedy & Benjamin Pritchard; Robyn Love & Laurie Williams; and Becky Redfern & Grace Harvey. They're then joined by comedian Rosie Jones, who describes her own experience of the Paralympics.  Thanks to Paralympics GB for their assistance in making this show. This episode was presented by Anna Ptaszynski and James Harkin  Contributions from Erin Kennedy & Benjamin Pritchard as well as Robyn Love & Laurie Williams, Becky Redfern & Grace Harvey, and Rosie Jones. Produced by Molly Windust and James Harkin Sound recording and outdoor editing by Adrian Bradley Studio editing by James Harkin Graphic design and sound design by Alex Bell Sound engineering by Leying Lee Production Assistance by Natascha McQueen and Tara Dorrell  And for more sporting stories and curiosities, James and Anna's book, A Load of Old Balls is out now. This was a QI Ltd Production.

Are you paying more than you need for financial advice? In this video, Peter with Richon Planning and Erin Kennedy break down the pros and cons of working with "fee-only" versus "fee-based" financial advisors. It's important to know that both structures have different tax implications and perhaps different incentives for the advisor. An advisor who works on commission may not have your best interests at heart, whereas an advisor who charges a percentage of your managed money does have a vested interest in your financial success. If you'd like to learn more about how each option could affect your taxes and long-term retirement goals, please call Peter at (919) 300-5886 or visit www.RichonPlanning.com

The relationship between risk and return is fundamental when it comes to investing. As Peter with Richon Planning explains to Erin Kennedy, higher returns usually come with higher risk, and lower risk typically means lower potential returns. Understanding that relationship and having a clear set of expectations when it comes to market volatility (specifically, what can you tolerate when it comes to market losses?) will help you be a better investor. When you have a plan that is in line with your risk tolerance, you are more likely to stick to that plan instead of reacting to market ups and downs.  If you'd like to speak with Peter and take a Risk Profile Questionnaire to determine how you should be invested, please give him a call at (919) 300-5886 or visit www.RichonPlanning.com #WealthManagement #FinancialAdvisor #Retirement #InvestmentStrategies #Investing

There are so many benefits to rolling your 401(k) into an IRA. But turns out, according to Vanguard, nearly one-third of investors who rolled their 401(k) into an IRA were still sitting in cash seven years later; they never invested their retirement savings! As Peter with Richon Planning and Erin Kennedy discuss, these investors are missing out on billions in investment gains!   This problem is most pronounced among investors who've changed jobs and younger investors. While cash has a place in most portfolios, researchers estimate that the long-term benefit of investing in a target date fund (versus staying in cash) upon rollover is equivalent to an increase of at least $130,000 in retirement wealth at age 65.     If you'd like to read the Vanguard white paper, please click here (https://digital-assets.vanguard.com/corp/public-policy/policy-research/improving_retirement_outcomes_by_default_the_case_for_an_ira_qdia.pdf)

This week on @Monday_mile_series I'm taking a stroll through Henley on Thames with a lady who knows these waters very well…@erinmwj, a Paralympic rowing gold medallist and breast cancer survivor.  At 29 Erin was diagnosed with breast cancer, which has led to her now being an advocate for early detection and diagnosis. That diagnosis didn't hold her back though as she competed in the Rowing World Cup, winning gold just four days after her diagnosis and then going on to win the 2022 European Championships whilst on chemo – what a superhuman! In this down to earth chat we delve into what it takes to be a coxswain, how she learnt to find the boundary between friend and leader with her fellow rowers and how this helped them to win gold. We take a deep dive into her cancer diagnosis, how she tackled the news with a resilient and incredibly positive attitude that carried her through the rest of her treatment.  Erin's story is so inspirational, it was such an honour to hear it! Listen now on all your favourite podcast platforms and watch on YouTube

Get ready to pay Capital Gains Tax when you sell an asset, including stocks or real estate, for a profit. It's a good problem to have! But as Peter Richon with Richon Planning explains to Erin Kennedy, there are some strategies that can help you avoid or minimize capital gains tax, including: Paying the Tax Now in a Low Tax Rate Environment Donor-Advised Funds (DAFs) Tax-Loss Harvesting Holding Periods Charitable Remainder Trusts (CRTs)  Each of these strategies comes with its own rules and potential pitfalls, so it's essential to consult a tax advisor or financial advisor to tailor the approach to your unique goals and current financial situation. If you'd like to see whether these strategies could minimize your Capital Gains Tax, please feel free to give Peter a call at (919) 300 - 5886 or visit www.RichonPlanning.com #WealthPlanning #FinancialAdvisor #CapitalGains #TaxPlanning #TaxStrategies

Recently, on his popular show, a well-known, "financial expert" dismissed the common advice to withdraw only 4% of your retirement savings annually as "moronic," advocating instead for an 8% withdrawal rate. In this video, Peter Richon with Richon Planning and Erin Kennedy talk through whether and when an 8% withdrawal rate makes sense. Here's the answer: yes, it might make sense. But it all depends on the individual person. Finding the correct withdrawal rate will vary from person to person. To find that number, you need to account for life expectancy, spending habits, and market conditions. Finding that number will ensure your savings will last throughout your retirement while allowing you to maintain your desired lifestyle. If you'd like to find your own unique, personalized withdrawal rate (keeping in mind that the rate should be revisited annually), please give Peter a call at (919) 300 - 5886 or visit www.RichonPlanning.com #DaveRamsey #WithdrawalRate #Retirement #FinancialAdvisor

The older you are when you divorce, the less time you have to recover financially. And get this, one quarter of people getting divorced is now over 50! In fact, it's so common, it's been dubbed: grey divorce. In this video, Peter with Richon Planning and Erin Kennedy walk through 5 key action steps to get your financial life back on track. Those steps are: Assess Your New Financial Situation Revise Estate Plans and Beneficiaries  Check Your Social Security Benefits  Use the Catch-Up Rules for Retirement Saving Outline Your New Financial Goals                                                                                                 If you'd like to talk through your new financial goals and how to achieve them, please reach out to Peter for a free consultation. You can call him at (919) 300 - 5886 or visit www.RichonPlanning.com #GreyDivorce #FinancialPlanning #Divorce #Retirement #SocialSecurity

Navigating the "financial talk" with aging parents can be a sensitive yet crucial conversation. In this video, Peter Richon with Richon Planning and Erin Kennedy talk through when you need to have this talk with your parents and what topics you need to discuss, including your parents': -Current Financial Status and Income -Long-Term Care -Estate Planning Knowing that your parents have a plan for the unexpected will bring peace of mind for both generations. Keep in mind, this conversation is an opportunity to ensure their well-being and financial security in later years. If you'd like help getting the ball rolling, please reach out to Peter by calling (919) 300 -5886 or visit www.RichonPlanning.com #WealthManagement #Retirement #AgingParents #FinancialAdvisor #EstatePlanning

There are 5 key areas most people in their 30s and 40s miss when it comes to financial planning. In this video, Peter Richon with Richon Planning and Erin Kennedy discuss how to avoid those pitfalls, and Peter breaks down the steps you need to take now to set yourself up for financial success: 1. Bank Savings/Emergency Fund: liquidity is key! And it will ensure you don't have to borrow money at high interest rates 2. Life Insurance: protect yourself and your family in case the worst happens 3. Open and Invest in a Roth: take advantage of today's historically low tax rate and your lower earning years 4. Brokerage Accounts: having another bucket of money that can grow will protect your wealth and give you more options 5. Consider 529s: tax advantaged and very flexible. These accounts have several benefits, even if your kid doesn't go to college! If you'd like to learn more about holistic financial planning (that takes your whole family into account) and building wealth, please reach out to Peter by calling (919) 300-5886 or visit www.RichonPlanning.com #WealthManagement #FinancialAdvisor #Taxes #FIRE #FinancialMistakes

For the third time this legislative session, Idaho lawmakers are advancing a bill that targets libraries. Molly Nota and Erin Kennedy with the Idaho Library Association are here to explain what's new with this bill, what's at stake if it passes, and how you can get involved to help your local library.  The next step for House Bill 710 is a hearing in front of a Senate committee, today — Wednesday, March 20 at 8:00 a.m.  Want some more news that affects Boise? Head over to our Hey Boise newsletter where you'll get a cheatsheet to the city every weekday morning. Interested in advertising with City Cast Boise? Find more info HERE. Learn more about your ad choices. Visit megaphone.fm/adchoices

Erin Kennedy on finding purpose to emerge from crippling depression and start OMG OCPs, the booming oatmeal cream pie brand in Richmond, Virginia. She did this during the pandemic with only $300 in her bank account.