Podcasts about Fiduciary

What if the way you think about money today traces back to something that happened when you were twelve or thirteen? On this episode of Wealth B-Hers, Dr. Felecia Froe sits down with Jonathan Steele, founder and chief investment officer of One Wealth Advisors, a firm managing $1.4 billion for roughly 400 families. Jonathan traces his money story back to eighth grade, watching his mom pay off a department store credit card the second they got home, and then walks through his own winding path from a restaurant kitchen to cold calling at Bear Stearns to building an independent firm with his brother.    Along the way, he and Dr. Froe get into what behavioral finance actually means, delegating vs abdicating financial decisions, and the difference between a fiduciary and a financial advisor/dealer-broker. It's a conversation about the psychology behind the numbers and why staying engaged with your advisor (even when it feels like you're bothering them) is what actually protects you.    00:00 – Meet Jonathan Steele: A Money Story from Eighth Grade 09:45 – From the Kitchen to Cold Calling: Jonathan's Path to Finance 18:17 – What Is Behavioral Finance, Really? 23:12 – Delegating vs. Abdicating Your Financial Life 32:09 – Fiduciary vs. Agent: Know Who You're Paying 35:57 – Behind the Advisor: Podcast, Peanut Butter, and Senior Dogs   You've worked hard to build your career. Now let's build wealth that outlives it. You were born to build more than just wealth. You were born to lead, inspire, and rise. At Wealth B-Hers, we're redefining what it means to be financially fearless. Join a movement of bold women investing with intention, building legacies, and writing their own money rules here - moneywithmission.com/wealth-b-hers/    Get Your Free Guide: https://moneywithmission.co/three-questions-every-woman-should-ask-before-she-invests   Connect with Jonathan! Website: https://onewealth.net/ LinkedIn: https://www.linkedin.com/in/jonathan-steele-cfa%C2%AE-3549718/?isSelfProfile=false Podcast: https://podcasts.apple.com/ch/podcast/human-success-stories/id1890285835   Key Quotes: "What happens early on in our lives plays a significant role in how we develop a healthy relationship with money." - Jonathan Steele   "You can delegate the decisions. You cannot abdicate the understanding." - Jonathan Steele

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position: absolute; left: 0; font-weight: 700; color: var(--teal); }.dfg-post /* ── FAQ ── */ .faq-list { display: flex; flex-direction: column; gap: 18px; padding-bottom: 12px; }.dfg-post .faq-question { font-family: 'Lora', serif; font-size: 14.5px; font-weight: 600; color: var(--teal); margin-bottom: 6px; }.dfg-post .faq-answer { font-family: 'Open Sans', sans-serif; font-size: 13.5px; color: var(--dark); line-height: 1.75; }.dfg-post /* ── FOOTER ── */ .footer { background: var(--teal); padding: 20px 48px; font-family: 'Open Sans', sans-serif; font-size: 11px; color: rgba(255,255,255,0.75); line-height: 1.6; text-align: center; }.dfg-post .footer a { color: var(--accent); text-decoration: none; font-weight: 600; }@media print {.dfg-post { background: white; }.dfg-post .page { box-shadow: none; max-width: 100%; }.dfg-post .publisher-notes { break-inside: avoid; }.dfg-post .cta-box { break-inside: avoid; }.dfg-post .takeaway-item { break-inside: avoid; }} Dupree Financial Group Podcast Show Notes & Blog The Tom Dupree Show The Financial Hour  ·  Episode Show Notes When Should You Take Social Security? A Retirement Income Guide The Tom Dupree Show | Dupree Financial Group | dupreefinancial.com | 859-233-0400 Episode Description If you’re trying to decide when to start Social Security, here’s the short answer Tom Dupree and Mike Johnson give on this episode of The Financial Hour: there is no single right age. The right age for you depends on your health, your marital status, your other assets, and how much of your monthly income Social Security actually needs to cover. On this episode of The Tom Dupree Show, Tom Dupree and Mike Johnson of Dupree Financial Group walk through a real Social Security claiming-age framework, the breakeven math, the spousal and survivor considerations, and how a dividend-and-growth income portfolio fits around whatever you decide, plus a second, closely related conversation about the “forgotten investor”: people in their 40s and 50s whose portfolios have grown large enough that ordinary market swings now move real money, not just numbers on a screen. What factors should go into your Social Security claiming decision? Mike Johnson lays out roughly seven variables that belong in the decision, starting with whether you’re still working. At full retirement age (67 for most people claiming today), you can work and collect Social Security with no reduction in benefits. Claim earlier than that, and you run into the Social Security earnings test, which temporarily withholds part of your benefit once your income crosses an annual limit — that withheld money isn’t lost, it’s repaid later as a higher monthly check once you reach full retirement age. Life expectancy matters too, even though, as Mike puts it, it’s a guess based on family history at best. And if you’re married, the earnings history of each spouse matters a great deal, because of how survivor benefits work. “We are not in the Social Security business, we are in the other assets business.”  Tom Dupree How does the Social Security breakeven analysis work? Mike Johnson walks through the most basic version of the math: compare what you’d collect starting at age 62 against what you’d collect by waiting until 67 or 70, then calculate how many years it takes the higher, later benefit to “catch up” in total dollars collected. In the show’s example, $2,500 a month at 62 versus $3,400 a month at 67, the breakeven point lands around nine years, meaning someone who waits until 67 typically comes out ahead in total lifetime benefits somewhere around age 76 to 78. Delaying all the way to 70 pushes the benefit even higher: the Social Security Administration’s delayed retirement credit schedule adds roughly two-thirds of one percent to your benefit for every month you wait past full retirement age, which works out to about 8% a year through age 70. The trade-off, as Tom and Mike are direct about, is that every year you wait is a year of Social Security income you didn’t collect, so the math only helps if you can comfortably cover your cash-flow needs from other sources in the meantime. If your other assets can’t comfortably bridge that gap, claiming earlier at 62 can be the right call even though the monthly check is smaller — because a smaller check you can count on now may matter more than a larger one you’re betting will still be there when you’re 70. If you have income sources that can cover your needs without it, delaying can make sense, but that’s a bet that Social Security’s rules won’t change materially by the time you start drawing on it. There’s no universal answer; it comes down to your specific cash-flow picture, which is exactly the kind of thing Dupree Financial Group works through one-on-one with clients as part of a Personalized Portfolio Analysis. Why does Social Security get more complicated for married couples? When one spouse has a meaningfully higher earnings history, there’s a strategic wrinkle worth understanding: if the higher earner passes away, the surviving spouse steps into that higher earner’s Social Security benefit instead of their own. That can make it worthwhile for the higher-earning spouse to delay claiming, since it locks in a larger survivor benefit down the road… but only if the couple’s other assets can cover the difference while they wait. As Tom and Mike explain it, this is a case-by-case calculation, not a rule of thumb, and it’s a good example of why Kentucky retirement planning conversations need to look at a household’s full financial picture rather than Social Security in isolation. How should your investment portfolio work alongside Social Security? Once the Social Security piece is on the table, the conversation turns to what has to carry the rest of the load: the investment portfolio. Tom Dupree’s approach centers on cash flow you can see… dividend-paying stocks and bonds… rather than paper gains you’re hoping to sell into at the right moment. “There isn’t an easy way to build an income portfolio only,” Tom explains. “It has to have growth components in it… you have to be flexible in where you’re investing and how you’re investing.” That means accepting that valuation drives the decision: when dividend-paying stocks get expensive, their yields shrink, and a disciplined manager has to be willing to look elsewhere for companies that are out of favor, less expensive, and often carrying a higher yield as a result. All investing involves risk, including the possible loss of principal, and dividend income isn’t fixed or promised…a company can reduce or suspend a dividend. That’s exactly why Dupree Financial Group’s in-house research focuses on the durability of a company’s cash flow, not just its current yield. Who is the “forgotten investor,” and why does dollar-cost averaging stop feeling like enough? The second half of the conversation tackles a question Tom calls one of the best he’s read in a while, from a 44-year-old reader who’d been dollar-cost averaging for two decades and was unsettled by how large the dollar swings in his account had become…even though, percentage-wise, nothing unusual was happening. Tom’s read on it: “This is the forgotten investor right now, 40 to 50, because a lot of them have been putting back for 20 years. In this market run-up, they’re looking at dollars now that if you had a 20, 30% drop in the market, they’re gonna feel it… in real dollar terms.” Early in your investing life, a market drop barely registers because your ongoing contributions are large relative to your balance. Twenty years in, the balance has grown so much larger than any single year’s contribution that dollar-cost averaging alone can’t smooth out a real correction anymore…which is exactly the point in a plan where more deliberate, tactical decisions (raising some cash, addressing debt, revisiting allocation) start to matter more than muscle-memory saving. Tom recalls working with a client during the 2008–2009 financial crisis whose account value swung by six figures in a matter of months… a stretch, he says, where “there were no good answers,” and the discipline that mattered most was treating the downturn as an opportunity to buy rather than a reason to sell. That’s an illustrative example from Tom’s decades in the business, not a specific return or outcome any client should expect to repeat; markets and individual circumstances differ every time. What should you actually do differently once you reach this stage? Tom and Mike’s practical answer has a few concrete pieces: Track down and consolidate “orphaned” 401(k) accounts left behind at old employers, so the whole portfolio can actually pull in the same direction. If you change jobs or your income drops in a given year, consider whether that’s a good window for a Roth conversion… a decision that has real tax consequences and is worth reviewing with a tax advisor before acting. Revisit your plan on a fixed schedule, not just when the market gets scary. Dupree Financial Group meets with clients roughly every six months specifically because life circumstances change more often than people expect, and a plan built two years ago may not fit today. Decide what your accumulated number actually needs to accomplish — income to live on, flexibility to pursue a second act, or something else… before backing into an investment approach built around that goal. Topics Covered Choosing when to claim Social Security: age 62, full retirement age (67), or age 70 How the Social Security breakeven analysis works, with real dollar examples The Social Security earnings test and how working before full retirement age affects your check Spousal earnings history and survivor benefit strategy for married couples Why an income portfolio needs both dividends and growth, not one or the other The “forgotten investor”: why dollar swings feel bigger once a portfolio matures past 20 years of contributions Shifting from dollar-cost averaging to more tactical, deliberate portfolio decisions Consolidating orphaned 401(k) accounts from past employers Roth conversion timing around a job change or income dip Why Dupree Financial Group reviews client plans every six months Key Takeaways There’s no universal “right age” for Social Security. The best claiming age depends on your health, marital status, other assets, and how much of your monthly cash flow Social Security actually needs to cover…not a one-size-fits-all rule. The breakeven point for delaying to full retirement age is typically around nine years. In the show’s example, someone who waits until 67 instead of 62 generally comes out ahead in total lifetime benefits by around age 76 to 78… but only if other assets can bridge the gap in the meantime. Working before full retirement age can temporarily reduce your check. The Social Security earnings test withholds benefits above an annual income limit if you claim before full retirement age — but that money isn’t gone, it’s repaid later as a higher monthly benefit. Survivor benefits can change the math for married couples. When one spouse earned significantly more, delaying that spouse’s claim can lock in a larger benefit for the survivor — a case-by-case decision, not a rule of thumb. An income portfolio needs growth and dividends working together. Dividend-paying stocks and bonds provide visible cash flow, but valuation discipline matters, when dividend payers get expensive, a flexible manager looks elsewhere rather than chasing yield. Dollar-cost averaging alone stops being enough once a portfolio matures. After 15 to 20 years of contributions, market swings can outweigh what you’re putting in each year, that’s the signal to start making more deliberate, tactical decisions rather than relying purely on ongoing contributions to smooth things out. Orphaned 401(k)s from old employers are worth tracking down. Consolidating scattered retirement accounts lets a portfolio actually work as one coordinated plan instead of several disconnected pieces. A retirement plan should be reviewed on a schedule, not just in a downturn. Life circumstances change more often than people expect, regular check-ins catch the adjustments a static plan would miss. About The Tom Dupree Show The Tom Dupree Show is hosted by Tom Dupree, founder of Dupree Financial Group and a 47-year veteran of the investment business. Each episode covers the financial topics that matter most to retirees and those approaching retirement, in plain English, without the Wall Street spin. Dupree Financial Group is a fee-only, fiduciary Registered Investment Advisory firm based in Lexington, Kentucky. The firm manages separately managed accounts focused on income-generating, dividend-paying portfolios — no products sold, no commissions, no conflicts of interest. Clients work directly with the firm’s own portfolio managers rather than an assigned counselor inside a large, mass-market brokerage hierarchy — a difference that matters most when your income, not just your account balance, is what’s on the line. Past episodes and additional market commentary from the archive are available at dupreefinancial.com. You can also read more about the firm’s approach on the Investment Philosophy and Client Testimonials pages. Frequently Asked Questions When should I start taking Social Security? There’s no single best age. It depends on your health, marital status, and whether other assets can cover your income needs. Claiming at 62 locks in a smaller check permanently; waiting until full retirement age (67) or age 70 increases it, but only helps if you can bridge the gap from other sources. What is the Social Security breakeven age? It’s the age at which the total dollars collected from a later, larger benefit catch up to what you’d have collected by claiming earlier. In a typical example comparing age 62 to full retirement age, the breakeven point lands around nine years later, or roughly age 76 to 78. Does working before full retirement age reduce my Social Security check? If you claim before full retirement age and earn above the annual limit set by the Social Security earnings test, part of your benefit is temporarily withheld. That money isn’t lost… it’s repaid later as a higher monthly benefit once you reach full retirement age. Why does dollar-cost averaging feel less effective as my portfolio grows? Early on, your contributions are large relative to your balance, so dips barely register. After 15 to 20 years, the balance often dwarfs annual contributions, so a normal market correction can move more dollars than you’re putting in, which is when more tactical planning decisions start to matter. Should I consolidate old 401(k) accounts from previous jobs? Generally yes. Accounts left behind at former employers, sometimes called orphaned accounts, are easy to lose track of and often work against each other. Consolidating them under one coordinated plan lets your whole portfolio pull in the same direction. Schedule a Complimentary Portfolio Review Whether you’re weighing when to claim Social Security or wondering whether your portfolio can actually support the income you’ll need, it’s never too soon to get another set of eyes on where you stand. Dupree Financial Group’s complimentary portfolio review looks at your full picture, Social Security, investments, and cash flow together — with no cost and no pressure. Call: 859-233-0400 | Schedule online: dupreefinancial.com/book Dupree Financial Group  ·  Fee-only. Fiduciary. Lexington, KY  · dupreefinancial.com  ·  859-233-0400 Dupree Financial Group is a fee-only, fiduciary Registered Investment Advisor. All investing involves risk, including possible loss of principal. Nothing in this article is individualized investment, tax, or legal advice; consult your own advisor before acting. This document is for reference and internal use. Not for public distribution. The post When Should You Take Social Security? Kentucky Retirement Guide 9-05-26 appeared first on Dupree Financial.

Interest rates, inflation, investing, and charitable giving may seem like separate financial topics—but they all come back to one important idea: having a plan. In this episode of Dollars & Sense, Joel  breaks down how changing interest rates can affect borrowers, savers, bond investors, retirees, and anyone trying to make smart decisions with their money. Joel also explains why waiting for the “perfect” time to invest can be costly, especially when headlines make it tempting to sit on the sidelines. Instead of trying to time the market, he shares practical ways to think about cash needs, long-term growth, dollar-cost averaging, and building an investment allocation that matches your goals. Finally, this episode explores donor-advised funds and how they may help families give more intentionally. Learn how charitable giving can be coordinated with tax planning, appreciated investments, high-income years, and long-term family goals. 

In this episode of The Benefits Brief, host David Saltzman sits down with Frank Pennachio, principal with Gaffney Hill Consulting, to explore the often-overlooked fiduciary risks facing employers with self-funded health plans. Frank explains why stop-loss insurance does not protect plan fiduciaries from personal liability, how the Consolidated Appropriations Act has increased expectations around transparency and oversight, and where fiduciary exposure can hide in contracts and vendor relationships. He also shares practical guidance for benefits advisors on documenting a prudent process, coordinating with property and casualty professionals and ERISA counsel, reviewing fiduciary liability coverage, and helping clients better understand and manage their risk.

In this solo episode, Eric Dyson unveils Polaris, a governance framework designed to turn IPS language into disciplined, principled fiduciary action.In this episode, Eric discusses:Mission and focus of 90 North ConsultingWhy investment policy statements matter under ERISAThe concept of structured discretion in IPS languageDocumentation, monitoring, and fiduciary governanceHow Polaris evaluates and strengthens investment policy statementsKey Takeaways:An investment policy statement is more than a legal or investment document; it is fundamentally a fiduciary governance document that should help fiduciaries make better decisions.Overly rigid IPS language can force imprudent outcomes, while overly flexible language undermines governance; the goal is “structured discretion” that creates clear decision points.Under ERISA, drafting and determining the terms of an IPS is itself a fiduciary act, and fiduciaries must generally act in accordance with the IPS as a governing document.Good governance is not only about prudent decisions but also about documenting the process in a way that demonstrates care, skill, prudence, and diligence if later scrutinized.Polaris provides a multi-lens framework—trust law, ERISA, DOL guidance, and investment governance best practices—to clarify responsibilities, delegation, and monitoring without simply making the IPS longer.“Documentation is not a substitute for prudence; it's evidence that the prudent process actually occurred.” - Eric DysonConnect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information and content of this podcast are general in nature and are provided solely for educational and informational purposes. It is believed to be accurate and reliable as of the posting date, but may be subject to change.It is not intended to provide a specific recommendation for any type of product or service discussed in this presentation or to provide any warranties, investment advice, financial advice, tax, plan design, or legal advice (unless otherwise specifically indicated). Please consult your own independent advisor as to any investment, tax, or legal statements made.The specific facts and circumstances of all qualified plans can vary, and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.The opinions expressed by guests on the Be More Than a Fiduciary podcast are not necessarily the same as the opinions held by 90 North Consulting or by Executive Director Eric Dyson.

The Legal Team discusses the duties that Virginia real estate licensees owe to their clients.

No euphoria in this marketHousing repricing? Median prices dropping.Oil...probably see a bit of a move up here.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

The U.S. national debt has crossed $40 trillion — but what does that actually mean for everyday Americans? In this episode of Dollars & Sense, Joel Garris and Zach Keister of Nelson Financial Planning break down the headlines in plain English and explain why the debt conversation is important, but not necessarily a reason to panic.They also discuss one of the most common retirement planning questions: How much can you really spend in retirement without running out of money? From the well-known 4% rule to more flexible retirement income strategies, Joel and Zach explain why retirement spending should be personalized, adaptable, and based on real life — not just a single percentage.Finally, they introduce the concept of a Financial Death Box: a centralized place to organize important documents, account information, insurance policies, passwords, and instructions for loved ones. While the name may sound intimidating, this simple planning tool can be one of the most thoughtful gifts you leave your family.In this episode, we discuss:What America's $40 trillion debt milestone meansWhy debt-to-GDP mattersHow national debt can affect interest rates, taxes, and future planningThe 4% rule and why retirement withdrawal rates should be flexibleWhy many retirees may spend less as they ageHow to organize a Financial Death BoxWhy planning ahead can create confidence for you and your familyWhether you're preparing for retirement, thinking about your financial plan, or simply trying to make sense of today's headlines, this episode offers practical perspective and actionable takeaways.

In this episode of Friday Fiduciary Five, Eric Dyson talks about what it actually means to lead as a fiduciary—not just follow the rules. Eric walks through eight signature principles of thoughtful fiduciary leadership, showing how committees can move beyond checklists to a disciplined framework that keeps participants at the center of every decision.Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information contained herein is general in nature and is provided solely for educational and informational purposes.It is not intended to provide a specific recommendation of any type of product or service discussed in this presentation or to provide any warranties, financial advice, or legal advice.The specific facts and circumstances of all qualified plans can vary, and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.The opinions expressed by guests on the Be More Than a Fiduciary podcast are not necessarily the same as the opinions held by 90 North Consulting or by Executive Director Eric Dyson.

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} } Dupree Financial Group Podcast Show Notes & Blog The Tom Dupree Show Episode  ·  8-29-26 AI Chips, a Sneaker Stock Shock, and the Fed’s Inflation Reckoning: What Retirees Should Watch This Week The Tom Dupree Show | Dupree Financial Group | dupreefinancial.com | 859-233-0400 Episode Description This week’s Financial Hour covers a lot of ground — and nearly all of it matters if you’re managing retirement income right now. Tom Dupree, Mike Johnson, and Michael Dawahare start with Nvidia CEO Jensen Huang’s interview with Jim Cramer, (https://www.cnbc.com/video/2026/08/26/watch-jim-cramers-full-interview-with-nvidia-ceo-jensen-huang.html ) which Huang argued that AI chips are becoming a revenue-generating financial asset rather than a depreciating one — and why that shift is already showing up in the bond market. From there, the conversation turns to Dick’s Sporting Goods, which slashed its earnings forecast just 90 days after raising it, wiping out two-thirds of its shareholder base in a single trading day. The hour closes with Fed Chair Kevin Warsh’s Jackson Hole remarks, where he laid the blame for “65 months of elevated inflation” squarely on his predecessors and signaled what that means for interest rates heading into September. AI Infrastructure Investing: Are Chips Becoming the New Barrel of Oil? Nvidia just turned in another blowout quarter — by Tom’s count, the 15th straight quarter the company has beaten expectations. But the more interesting story, in Tom and Mike’s view, is what Jensen Huang said afterward: AI compute is starting to behave like a financial instrument with a real return on capital, not just an expense. That’s the logic behind the $500 billion GPU financing and securitization discussion involving BlackRock and Blackstone that the show covered a few weeks ago — essentially the same slice-and-dice structure used in auto loan securitization, applied to data center hardware. Even more surprising: chips built back in 2023 are holding their value instead of depreciating, partly because Nvidia keeps improving the software and firmware that runs on them. Tom’s analogy: picture Hopper and Blackwell chips coming down the conveyor belt the same way a barrel of oil became a globally monetized commodity in the 1970s. He also shared a personal note on Jensen Huang’s Kentucky roots — Huang spent time as a teenager at Oneida Baptist Institute in Clay County, a detail Tom knows firsthand from doing energy infrastructure work in the area. On the energy side, the team also discussed Emerald AI, a private company using software to shift data center power loads in real time — throttling usage in one location (say, Phoenix during a heat spike) while ramping it up elsewhere, which can actually improve grid reliability rather than strain it. The Dick’s Sporting Goods and Nike Earnings Shock: A Lesson for Long-Term Investors Dick’s Sporting Goods just had, in Tom’s words, the biggest one-day stock drop in company history — despite decent core earnings. The culprit was its newly acquired Foot Locker division. In late May, Dick’s raised guidance on Foot Locker, projecting roughly $50 million in profit. By late June, Nike’s business had also weakened everywhere except at the newly relaunched Foot Locker stores. Then, just 60 days later, Dick’s reversed course entirely — that projected $50 million profit is now expected to be a $50 million loss. Mike and Michael’s read: a flood of casual sneakers shipped ahead of the World Cup created a sales spike followed by an inventory hangover, compounded by a new Nike CFO (recently hired from Pfizer) who had every incentive to reset expectations low before his first earnings call. Nearly 40 million Dick’s shares traded in one day — roughly two-thirds of the entire shareholder base turned over — on a stock that had hit an all-time high just 90 days earlier. The Dick’s family, which owns about 25% of the company, took a $250 million hit in the selloff, which the team sees as strong motivation to fix the Foot Locker integration quickly. [COMPLIANCE REVIEW — Hudson: this segment discusses DFG adding to client positions in Dick’s Sporting Goods after the selloff, and references the stock’s current dividend yield and free cash flow. Please confirm these figures and the trade description are appropriate for publication.] As stated on air, this discussion is not a recommendation to buy or sell any security — please consult a financial professional before making investment decisions. Fed Chair Kevin Warsh’s Jackson Hole Speech: “A Discipline, Not a Decision” New Federal Reserve Chair Kevin Warsh’s Jackson Hole speech didn’t move markets much on its own — Mike Johnson called it “a nothing burger” — but it confirmed a generally hawkish read: the market-implied odds of a September rate hike moved to roughly 55–60%, up from where they’d been previously. Two lines stood out to Tom and Mike. First, Warsh directly criticized his predecessors for “65 months of elevated inflation,” making clear that responsibility sits with the central bank, not external events. Second, his framing that the Fed is “committed to a discipline, not a decision” signals a move away from forward guidance and toward data-dependent policy. The team also walked through household debt trends: delinquencies on mortgages, auto loans, and credit cards remain fairly stable, while student loan delinquencies have risen now that pandemic-era forbearance has ended. Oil prices remain a major swing factor — Tom estimates roughly half the cost of goods in daily life traces back to the price of a barrel — so a calmer oil market could reduce the pressure on Warsh to raise rates at all. “Markets do not always go up. Prices don’t always go up. So when you have weakness in prices for some esoteric reason, that is when you get an opportunity to buy — and add.” — Tom Dupree Topics Covered Jensen Huang’s interview with Jim Cramer following Nvidia’s 15th consecutive earnings beat Why AI infrastructure may be shifting from a depreciating cost to a “monetizable” financial asset, similar to a barrel of oil The push toward securitizing AI infrastructure and data center financing Jensen Huang’s Kentucky roots at Oneida Baptist Institute in Clay County How AI energy demand and data center efficiency (via Emerald AI) affect the power grid Dick’s Sporting Goods’ guidance reversal, 90 days after raising it, tied to the Foot Locker relaunch What a 40-million-share trading day and a 25%-family-owned stake signal to long-term investors Fed Chair Kevin Warsh’s Jackson Hole remarks on “65 months of elevated inflation” and September rate-hike odds Household debt and delinquency trends across mortgages, credit cards, and student loans Why the price of oil remains a key driver of the Fed’s inflation outlook Key Takeaways AI infrastructure is starting to look like a financial asset, not just a tech expense. Jensen Huang’s argument — that AI compute now generates a measurable return on capital — is why data centers and GPUs are being discussed in securitization terms usually reserved for auto loans or real estate. Some AI chips are appreciating instead of depreciating. Chips manufactured in 2023 are reportedly holding or gaining value as demand grows and ongoing software updates improve their efficiency — a break from the usual electronics depreciation curve. A sharp earnings-driven stock drop isn’t automatically a reason to sell. Dick’s Sporting Goods’ core business remained healthy even as its Foot Locker guidance collapsed. Separating a temporary supply-chain problem from a permanent business problem is central to how DFG evaluates opportunities like this. Watch the shareholder turnover, not just the headline. When two-thirds of a company’s shareholder base changes hands in a single trading day, it often reflects overreaction as much as fundamentals — something patient, income-focused investors can use to their advantage. The Fed’s new chair is putting inflation accountability front and center. Kevin Warsh’s “65 months of elevated inflation” line was a direct message to his predecessors — and a signal that he’s more willing to raise rates if inflation readings don’t stay in check. Household debt looks broadly stable — except for student loans. Delinquencies on mortgages, autos, and credit cards remain near longer-term norms, while student loan delinquencies have risen since pandemic-era forbearance ended. Nearly everything right now is tied to interest rates and oil. From long bond yields (pushed up partly by AI infrastructure financing) to utility and technology stocks, this week’s moves are a reminder that diversified, income-focused portfolios are built to weather single-headline swings. About The Tom Dupree Show The Tom Dupree Show is hosted by Tom Dupree, founder of Dupree Financial Group and a veteran of the investment business since 1978. Each episode covers the financial topics that matter most to retirees and those approaching retirement — in plain English, without the Wall Street spin. Dupree Financial Group is a fee-only, fiduciary Registered Investment Advisor based in Lexington, Kentucky, managing separately managed accounts built around income-generating, dividend-paying holdings. The firm’s approach centers on personalized investment management and direct access to the people managing your money — a contrast to mass-market investment firms, where clients are often assigned to a rotating investment counselor rather than working directly with a portfolio manager who knows their specific situation. Read more about that approach on our Investment Philosophy page. For more on building a retirement income strategy in Kentucky, see our related post: Kentucky Retirement Planning: Your Complete Guide to Dividend Investing and Retirement Readiness. Past episodes are available in our Market Commentary archive. Schedule a Complimentary Portfolio Review If you’re not sure how AI-related holdings, sudden earnings swings, or Fed policy shifts are actually affecting your retirement income, let’s take a look together. We’ll walk through what you own and why you own it — no charge, no pressure. Call: 859-233-0400 | Schedule Online: Personalized Portfolio Analysis | Visit: dupreefinancial.com Dupree Financial Group  ·  Fee-only. Fiduciary. Lexington, KY  · dupreefinancial.com  ·  859-233-0400 This document is for reference and internal use. Not for public distribution. All investing involves risk, including possible loss of principal. Nothing in this content is a recommendation to buy or sell any security; consult a qualified financial professional before making investment decisions. The post AI, Earnings Shocks & the Fed: What Retirees Should Watch Air Date 8-29-26 appeared first on Dupree Financial.

Gold - buy those dips!Inflate or DIE! You know what governments will do.Earnings estimates look just fine.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

In this episode of Dollars & Sense, Joel Garris of Nelson Financial Planning discusses three important topics that can affect your financial life: knowing your income numbers, understanding the risks of financial advice on TikTok, and preparing for the responsibilities of caregiving.Joel begins by explaining why retirees and those over age 65 need to pay close attention to income thresholds that may affect Medicare costs and tax brackets. A relatively small difference in income may impact Medicare IRMAA surcharges, making year-end income planning especially important.Next, Joel reviews a recent Wall Street Journal analysis of TikTok financial advice. While some social media content can provide helpful financial education, not all advice online should be treated as financial planning. Joel explains the difference between financial education, financial entertainment, and personalized financial advice — and why investors should be cautious about stock predictions, lifestyle marketing, and short-form investment tips.The episode also includes practical caregiving planning tips inspired by an upcoming client webinar. Joel shares ways caregivers can reduce stress, stay organized, build a support team, review legal documents, and prepare before a crisis occurs.Whether you are retired, approaching retirement, helping a loved one, or simply trying to make better financial decisions, this episode offers helpful reminders about planning carefully, asking good questions, and not relying on shortcuts when it comes to your financial future.In This EpisodeWhy it is important to know your income numbers in retirementHow Medicare IRMAA surcharges may affect retireesWhy tax brackets and Medicare thresholds do not always line upWhat a Wall Street Journal analysis found about financial advice on TikTokThe difference between financial education, entertainment, and planningWhy investors should be cautious about stock tips and market predictions onlineHow social media can increase financial confidence without increasing financial knowledgePractical tips for caregivers and familiesWhy recordkeeping, legal documents, and beneficiary designations matter

In this episode, Stan The Annuity Man pulls back the curtain on how annuity incentive trips can quietly distort recommendations—and how to protect yourself from funding your agent's next vacation. Discover why focusing on contractual guarantees, not sales gimmicks, is the only way to buy annuities on your terms.    In this episode, The Annuity Man discussed:  Incentive trips and conflicts of interest in annuity sales Fiduciary mindset and putting client interests first Why annuities should be evaluated by contractual guarantees only Using online tools to compare annuity carriers and rates anonymously The PILL framework and simplifying annuity decision-making   Key Takeaways:  Incentive trips create a powerful misalignment between what's best for the client and what's most lucrative for the agent, often steering people into the wrong annuity products. The only legitimate "agenda" in any annuity recommendation should be finding the highest contractual guarantees that match a client's goals and timeline. Acting like a fiduciary—putting the client's interests ahead of commissions and perks—should be the baseline standard for anyone selling financial products. Annuities are commodity products whose quotes change frequently, so broad claims about a single "best" product are misleading and potentially fraudulent. Consumers gain power when they can anonymously compare annuity options, focus on contractual guarantees, and ask just two key questions: what they want the money to do, and when those guarantees should start.   "You only ask two questions when considering annuity: What do you want the money to contractually do? When do you want those contractual guarantees to start?" —  Stan The Annuity Man   Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode of Friday Fiduciary Five, Eric Dyson talks about effective fiduciary leadership and how it relies on a consistent framework of principles rather than just following specific regulations or reacting to changing environments.Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information contained herein is general in nature and is provided solely for educational and informational purposes.It is not intended to provide a specific recommendation of any type of product or service discussed in this presentation or to provide any warranties, financial advice, or legal advice.The specific facts and circumstances of all qualified plans can vary, and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.The opinions expressed by guests on the Be More Than a Fiduciary podcast are not necessarily the same as the opinions held by 90 North Consulting or by Executive Director Eric Dyson.

Tod Ruble from Custodia breaks down hybrid capital structures, 3(38) fiduciary responsibilities, and what advisors need to know about plan custodian security after the TrueStage cyber disaster. Learn the real risks and pricing models. In this episode, host JD Carlson sits down with Tod Ruble to explore Custodia's role in the 401(k) ecosystem and the growing complexity of 3(38) fiduciary arrangements. We dig into what hybrid capital means for plan sponsors, the specific fiduciary responsibilities advisors take on when recommending custodial services, and the pricing models that actually work in the field. Tod also walks us through the TrueStage cybersecurity incident: what happened, the timeline, and what it means for transparency and trust in the industry. We don't shy away from the hard questions: participant loan defaults, loan insurance products, ACH payment security, and loan portability all get the Retireholics treatment. Whether you're a TPA, plan sponsor, recordkeeper, or advisor, this conversation covers critical ERISA compliance considerations and practical custodian selection criteria. Plus, we test some new AI-powered compliance monitoring tools in our "Dope or Nope" segment. Perfect for anyone managing fiduciary risk or evaluating custodial partners. Grab a cold one and tune in. CHAPTERS 0:00 Cold open and introductions 4:08 Introducing guest Tod Ruble 9:28 Opening toast and guideline discussion 10:58 Custodia and hybrid capital explained 15:43 3(38) fiduciary responsibilities and risks 21:29 Pricing for 3(38) services 33:31 TrueStage cyber security debacle 39:33 Timeline and transparency issues 43:51 Participant loan defaults and accessibility 47:33 Loan insurance product overview 53:24 ACH payments and loan portability 1:01:38 Dope or nope segment begins 1:10:27 AI tools for compliance monitoring 1:15:30 Closing remarks and thank yous MORE FROM RETIREHOLICS Full episode notes & transcript: https://retireholics.com/episodes/tod-ruble-custodia-338-fiduciary-risks-cyber-retireholics/ All past episodes: https://retireholics.com/episodes/ Live every 1st & 3rd Thursday at 4:30pm PT: https://retireholics.com/live/ Get show reminders: https://retireholics.com/get-reminders/ SUBSCRIBE YouTube: https://www.youtube.com/@Retireholics Apple Podcasts: https://podcasts.apple.com/us/podcast/retireholics/id1490618217 Podbean: https://retireholiks.podbean.com/ Retireholics is the show changing the retirement industry one beer at a time. Hosted by JD Carlson and co-hosts, covering 401(k) plan design, fiduciary responsibility, fees, investments, and industry news for retirement plan advisors and professionals.

What if the person calling themselves your "financial advisor" is really just a salesperson in disguise? In this episode, Yanely sits down with Pam, an award-winning finance journalist, founder and CEO of WealthRamp, and 30-year champion of fee-only fiduciary advice, who shares how witnessing brokers target vulnerable elderly clients made her walk away from a lucrative Wall Street career. Pam pulls back the curtain on the industry's biggest secret: "fiduciary" isn't a credential or an exam, it's simply a choice that most advisors refuse to make. Teachers especially will want to hear her warning about the "helpful" reps who show up in the teachers' lounge with bagels and a benefits pitch, plus the one question you should ask before taking anyone's financial advice. And don't miss Pam's never-before-heard stories from her time with index fund legend John Bogle, including how his own company punished him for putting everyday investors first.

Bond market confirming no rate hikeGold...buy the dipsUS Dollar - headed downBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

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position: absolute; left: 0; font-weight: 700; color: var(--teal); } /* ── FOOTER ── */ .dfg-post .footer { background: var(--teal); padding: 20px 48px; font-family: 'Open Sans', sans-serif; font-size: 11px; color: rgba(255,255,255,0.75); line-height: 1.6; text-align: center; } .dfg-post .footer a { color: var(--accent); text-decoration: none; font-weight: 600; } @media print { .dfg-post { background: white; } .dfg-post .page { box-shadow: none; max-width: 100%; } .dfg-post .publisher-notes { break-inside: avoid; } .dfg-post .cta-box { break-inside: avoid; } .dfg-post .takeaway-item { break-inside: avoid; } } Dupree Financial Group Podcast Show Notes The Tom Dupree Show Episode  ·  August 22, 2026 Why Is the 30-Year Treasury Yield the Highest Since 2007 — And What Does It Mean for Your Retirement Income? by Tom Dupree | Dupree Financial Group | dupreefinancial.com | 859-233-0400 Episode Description On August 17 and 18, 2026, the yield on the 30-year U.S. Treasury bond climbed above 5.3% — its highest level since 2007, back when the iPhone hadn’t even shipped yet and the word “subprime” was just entering the public vocabulary. On this week’s Financial Hour, Tom Dupree, Mike Johnson, and Michael Dawahare broke down why that number matters, what the U.S. Treasury Department is doing about it, and — more importantly — what it means for anyone who’s retired or approaching retirement and living off a portfolio. The team walked through Treasury Secretary Scott Bessent’s decision to expand the government’s bond buyback program, why the Treasury is repurchasing old, low-coupon “off-the-run” bonds, and what Bessent meant when he said he has “asymmetric information” the market doesn’t. Mike Johnson explained the mechanics in plain terms: the Treasury doesn’t hold these bonds on its balance sheet the way the Fed does — it swaps them out and reissues shorter-term debt, which theoretically frees up the plumbing in the bond market without actually solving the underlying supply-and-demand problem driving yields higher in the first place. The U.S. Treasury’s own announcement confirms the buyback size is at least doubling, from a $2 billion to a $4 billion per-operation ceiling, effective September 9, 2026 — exactly the increase Tom, Mike, and Michael were reacting to on air. From there, the conversation turned to what’s actually happening underneath the surface of the stock market. Economist Ed Yardeni’s “K-shaped economy” — where some parts of the economy do well and others fall behind — is evolving into what he now calls a “G-shaped economy,” with earnings-driven strength showing up in previously out-of-favor sectors. Coca-Cola hitting an all-time high the same week Walmart’s stock dropped roughly 10% on strong-but-complicated earnings was Exhibit A. Tom and the team also discussed two specific holdings in DFG client portfolios — a commercial real estate mortgage REIT and Verizon — and why research-driven, patient investing in “forgotten” sectors has been paying off for income-focused clients this year. On the mortgage REIT position, the team went deeper than “buy the dip.” The company — sponsored by a large institutional manager with global real estate data and research reach — makes commercial real estate loans, historically concentrated in office properties. When one or two of those loans showed early warning signs, the company increased its loan-loss reserves, which shows up on paper like a write-down even though the loan stays on the books and no cash has actually been lost. The stock sold off on the news. Tom and Mike explained why they added to the position instead of walking away: this management team was conservative during the “nuclear winter” for office real estate a few years ago, has since been letting legacy office loans run off, and is redeploying that capital into multifamily, healthcare, and industrial loans — property types with materially better performance right now. Because these are shorter-duration loans, the portfolio’s characteristics can shift relatively quickly as old loans mature and new ones get written. That combination — a real dividend yield in the double digits today, a management team with a track record of conservative accounting, and a portfolio actively repositioning into stronger property types — is why DFG treated the sell-off as a buying opportunity for income-focused clients rather than a reason to sell. Verizon came up for a different reason: SpaceX’s Starlink satellite service and the ongoing question of whether it can realistically compete in the cellphone business. Mike and Tom were skeptical, pointing to a CNBC analyst’s explanation that a satellite-based “cell tower” sits roughly 220 miles away compared to the two or three miles most people are used to today — a gap that raises real questions about latency and practicality for everyday phone calls, whatever the marketing promises. What both hosts agreed on is that the more durable asset is compute capacity: Starlink’s parent currently leases out some of that capacity, with the option to use more of it for its own future needs, not unlike how Amazon Web Services has become a larger and more important piece of Amazon’s business than its original retail operation. The team also used Walmart’s earnings reaction as a pulse check on the broader consumer. Despite what management called one of its healthiest quarters, the stock dropped roughly 10% the day of the release — driven largely by new government pricing rules on pharmaceuticals that took effect in the second quarter, layered on top of a business that’s now roughly half grocery. Because the market had to digest several moving pieces at once, short-term traders reacted to the complexity rather than the underlying strength Walmart itself described on the call. On the broader consumer picture, Mike Johnson noted wage growth is positive for the first time in a while, and inflation and affordability on goods have ticked slightly better — partly offset by a 20–30% rise in gas prices over the past month. The team also flagged a rollback of tariffs on beef imports from South American trading partners, aimed at easing supply after herd sizes shrank in recent years — welcome relief on one grocery bill line item, even as lower-income households continue to feel the most pressure on housing, auto, insurance, and everyday food costs. Tom also used part of the hour to deliver a message he called maybe the most important thing he’d say all year: it’s not how much your portfolio earns on average — it’s when the losses happen. “Here’s something most people approaching retirement have never heard, and it could be the most important thing I say. It’s not how much your portfolio earns, it’s when it loses.” If your retirement account drops 10% in year one and you’re already pulling money out to live on, you’re drawing from a smaller pool going forward. Do it again in year two, and — as Tom put it — “you may never recover. Even if the market bounces back, the damage is already done.” Wall Street tends to talk in long-term averages, but as Tom noted, “averages don’t pay your electric bill in a down market.” That’s the whole case for building retirement income around dividends rather than around hoping the market cooperates on your withdrawal schedule. FINRA’s own guidance on managing a retirement portfolio makes the same point: your time horizon shrinks once withdrawals begin, so reassessing how much investment risk you’re carrying — and where your income is actually coming from — matters more with each passing year of retirement. Topics Covered The 30-year Treasury yield hit 5.3%+ this week, its highest level since 2007 Treasury Secretary Scott Bessent’s expanded bond buyback program and what “asymmetric information” means for markets Why the Treasury is repurchasing old, low-coupon “off-the-run” bonds instead of holding them like the Fed does Sequence of returns risk: why the timing of a loss matters more than your portfolio’s long-term average return Ed Yardeni’s “K-shaped economy” evolving into a “G-shaped economy” — and what that means for stock picking Coca-Cola’s all-time high vs. Walmart’s post-earnings stock drop, and what each says about the consumer Adding to a commercial real estate mortgage REIT position on a pullback — the research behind the decision [COMPLIANCE REVIEW: episode cites a specific dividend yield figure for a named DFG portfolio holding] Verizon, satellite phone service, and questions about whether Starlink can really replace cell towers Wage growth, tariff-driven beef price relief, and the uneven affordability picture for lower-income consumers Key Takeaways Timing beats averages once you’re retired and withdrawing income. A 10% drop in year one of retirement, combined with withdrawals, shrinks the pool you have left to recover with. Tom’s point: “averages don’t pay your electric bill in a down market.” The Treasury’s bond buyback is a Band-Aid, not a fix. Doubling the buyback to $4 billion per operation sounds significant, but against roughly $40 trillion in outstanding debt, it’s a small lever. It briefly pushed yields down, but the market has largely looked through it. A steepening yield curve isn’t automatically a warning sign. The curve normalized after years of inversion — but it’s steepening because the long end is rising, not because short rates are falling, which is a distinction worth understanding rather than reacting to. Fundamental research pays off when a market broadens out. With mega-cap “Mag Seven” performance uneven this year, previously out-of-favor companies and sectors — Ed Yardeni’s “forgotten” names — are earning higher multiples on real earnings growth, not hype. Pullbacks driven by loan-loss accounting, not fundamentals, can be buying opportunities. DFG added to a commercial real estate mortgage REIT position after a stock drop tied to conservative loss reserves — a decision built on management’s track record, not on trying to time a bounce. The consumer picture is genuinely mixed. Wage growth is up for the first time in a while, and tariff relief on beef imports is easing some grocery costs — but affordability on housing, insurance, and everyday goods remains a real strain for lower-income households. Frequently Asked Questions What is sequence of returns risk, and why does it matter for retirees? Sequence of returns risk is the danger that market losses early in retirement — combined with ongoing withdrawals — can permanently shrink a portfolio, even if long-term average returns look fine. A downturn in year one or two, while you’re pulling income out, leaves less money available to participate in any later recovery. Why did the 30-year Treasury yield hit its highest level since 2007? The 30-year Treasury yield crossed 5.3% in August 2026, its highest level since 2007, driven by heavy government borrowing, persistent inflation above the Fed’s target, and continued Treasury debt issuance. It marks a shift after years of historically low long-term rates following the 2008 financial crisis. What is the Treasury doing about rising long-term bond yields? In August 2026, the U.S. Treasury announced it would at least double its bond buyback program, from a $2 billion to a $4 billion per-operation ceiling starting September 9. The program repurchases older, low-coupon bonds and reissues shorter-term debt to help ease pressure in the long-bond market. What is a “K-shaped” or “G-shaped” economy? Economist Ed Yardeni’s “K-shaped economy” describes an economy where some sectors and income groups do well while others fall behind. He now calls it a “G-shaped economy” as earnings growth broadens into previously overlooked sectors, showing up in stock performance beyond the small group of mega-cap tech names. How does Dupree Financial Group approach investing during periods of market volatility? Dupree Financial Group focuses on in-house research into dividend-paying stocks and bonds that generate visible income, rather than reacting to short-term headlines. The firm looks for quality companies temporarily out of favor for fixable reasons, aiming to build retirement income that doesn’t depend on guessing short-term market direction. About The Tom Dupree Show The Tom Dupree Show is hosted by Tom Dupree, founder of Dupree Financial Group and a 47-year veteran of the investment business. Each episode covers the financial topics that matter most to retirees and those approaching retirement — in plain English, without the Wall Street spin. Dupree Financial Group is a fee-only, fiduciary Registered Investment Advisory firm based in Lexington, Kentucky. The firm manages separately managed accounts focused on income-generating, dividend-paying portfolios — no products sold, no commissions, no conflicts of interest. Past episodes are available at dupreefinancial.com under the Radio tab. Schedule a Complimentary Portfolio Review If you’re not sure how a rising-yield environment or a rough sequence of returns could affect your specific retirement income plan, that’s exactly what we sit down and work through. There’s no cost and no pressure — just a clear look at what you own and why. Call: 859-233-0400 | Visit: dupreefinancial.com Past performance is not indicative of future results. This material is for informational purposes only and does not constitute investment advice. Dupree Financial Group is a fee-only registered investment advisor. Investments involve risk, including possible loss of principal. Please consult with a qualified financial professional before making any investment decisions. Dupree Financial Group  ·  Fee-only. Fiduciary. Lexington, KY  · dupreefinancial.com  ·  859-233-0400 This document is for reference and internal use. Not for public distribution. The post 30-Year Treasury Yield Hits 2007 High: What Retirees Should Know appeared first on Dupree Financial.

Could a nation of steadier 401(k) investors make markets calmer—or will algorithms, options, and meme-stock behavior keep the ride bumpy? Tom and Roxy weigh the forces pulling volatility in both directions.Next, an almost-80-year-old with a $4 million portfolio asks who should coordinate the inheritance plan. The answer is a team effort, with the financial advisor calling the plays and the CPA and estate attorney handling their specialties.They also decode RIA versus IAR, flag the conflicts that can come with dual registration, and tackle asset location, TSP diversification, inherited money, and whether to sell Vanguard ETFs before adding DFA or Avantis.Timestamps:0:44 A French café opening2:40 Will more investors mean less volatility?7:12 Who quarterbacks an estate plan?10:15 RIA, IAR, broker-dealer, and fiduciary conflicts15:25 Inherited money, TSP, Roth, and brokerage choices21:21 Adding DFA or Avantis to Vanguard ETFsQuestions? Comments? Click!

When is it time to rethink a long-time benefits consultant? Salam Safi and Tanya Brooks discuss their health plan consultant search and what HR leaders should look for beyond data and tools, especially when improving the employee experience matters as much as the bottom line.In this episode, Eric, Salam, and Tanya discuss:Expectations and mindset for benefits service providersSimplifying a complex benefit structure after acquisitions and system changesWhy Darling decided to reevaluate its health plan consultantServing a dispersed, manufacturing workforce with limited tech accessLessons from the RFP: relationships, “vibe,” and avoiding status quo comfortKey Takeaways:Providers should understand a company's history, needs, and goals rather than offer one-size-fits-all solutions.Simplifying plan design can improve compliance, administration, and employee understanding.Consultants on “autopilot” may overlook changes in client needs and strategy.Data matters, but communication, trust, and clear recommendations set consultants apart.Empowering HR leaders in vendor decisions strengthens accountability and employee outcomes.“I hire for my team the same way that I look at vendor partners. If I can't get along with you, this will not be a good relationship.” - Salam Safi“They are the bulk of our population. They're also the reason why we have a desk in an office to sit in. They do the hard work; we are here to support them.” - Tanya BrooksAbout Salam Safi: Salam Safi is a strategic Human Resources executive with extensive experience in people strategy and organizational transformation. As Vice President of Human Resources, US at Darling Ingredients, she works with executive leadership to align talent strategies with business priorities and drive performance. Her expertise includes talent management, organizational design, leadership development, workforce planning, employee relations, HR technology, and change management. She is known for building high-performing teams, strengthening leadership, and enhancing the employee experience.About Tanya Brooks: Tanya Brooks is an experienced Human Resources and Payroll leader with over a decade of experience in HR operations, payroll, benefits, retirement programs, and HR technology. As Director of Human Resources, Benefits & Retirement, she leads employee benefits and retirement programs while ensuring compliance and a positive employee experience. Previously, Tanya served as Director of Payroll & HRIS and Payroll Manager, overseeing payroll operations, HR systems, compliance, and process improvements. She is known for developing efficient HR solutions that support employees and organizational goals.Connect with Salam & Tanya: LinkedIn: https://www.linkedin.com/in/salamsafi/ & https://www.linkedin.com/in/tanya-b-aba24373/ Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information and content of this podcast are general in nature and are provided solely for educational and informational purposes. It is believed to be accurate and reliable as of the posting date, but may be subject to change.It is not intended to provide a specific recommendation for any type of product or service discussed in this presentation or to provide any warranties, investment advice, financial advice, tax, plan design, or legal advice (unless otherwise specifically indicated). Please consult your own independent advisor as to any investment, tax, or legal statements made.The specific facts and circumstances of all qualified plans can vary, and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.The opinions expressed by guests on the Be More Than a Fiduciary podcast are not necessarily the same as the opinions held by 90 North Consulting or by Executive Director Eric Dyson.

Executive Summary An article pitting Bill Bengen's revised 4.7% withdrawal rate against Suze Orman's 3% rule sent Wade Borth down a different road this episode. Rather than picking a side, he asks why anyone would build a retirement plan on a rule that only claims a 90% chance of success. His answer starts with rejecting scarcity thinking and becoming your own fiduciary. Key Takeaways Bill Bengen's updated 4.7% rule and Suze Orman's 3% rule are both opinions, not guarantees, and neither promises a 100% positive outcome. Withdrawal rate rules ask how little you can spend without running out of money. That's a scarcity mindset, and it produces a cycle of sacrifice and fear. Pension plans once gave retirees certainty. The 401(k) that replaced them shifted that risk from the employer to the employee. Locking money away for 30 years is like freezing the best steak you own and never eating it. Becoming your own fiduciary starts with financial education, not with outsourcing the decision to someone else's opinion. Links and Resources http://sagewealthstrategy.com/ Keywords 4% rule, safe withdrawal rate, retirement withdrawal rate, 401(k) alternatives, pension plans, infinite banking concept, be your own banker, become your own fiduciary, guaranteed asset, whole life insurance, cash value, liquidity bucket, family banking, generational wealth, Bill Bengen, Suze Orman, retirement income planning, financial education, Sage Wealth Strategy, Wade Borth Episode Highlights [00:01:00 - 00:02:00]  Wade explains why money should be treated as our second most valuable asset after time. [00:02:00 - 00:03:00]  Bill Bengen, creator of the 4% rule, now says retirees can safely pull 4.7%. [00:03:00 - 00:04:00]  Suze Orman counters with a 3% rule, and Wade explains his skepticism of financial entertainers. [00:04:00 - 00:05:00]  Wade argues both withdrawal rate camps set retirees up to either underspend or run out. [00:05:00 - 00:06:00]  The scarcity mindset behind every withdrawal rate rule, and why it produces sacrifice and fear. [00:06:00 - 00:07:00]  Pension plans once gave retirees guaranteed income. Most have disappeared. [00:07:00 - 00:08:00]  How the 401(k) quietly shifted investment risk from employers to employees. [00:08:00 - 00:09:00]  Why Wade treats every financial opinion, including his own, as an opinion and not a fact. [00:09:00 - 00:10:00]  The frozen steak analogy: why locking money away for 30 years doesn't make sense. [00:11:00 - 00:12:00]  Wade closes on what it means to become your own fiduciary.  

In this episode of Dollars & Sense, Rob Field and Joel Garris discuss how everyday financial decisions are shaped by both market conditions and personal money habits. They break down the latest market themes, including record highs, corporate earnings, interest rates, inflation, and why investors should review their portfolios even when things seem optimistic.Rob and Joel also explore how mindset and behavior can impact financial success—from impulse spending and emotional money decisions to simple strategies like the 24-hour rule, monthly money meetings, and creating friction before clicking “Buy Now.” Whether you are trying to stay disciplined in a changing market or build better financial habits, this conversation offers practical reminders for making thoughtful, intentional decisions with your money.

Sheri Fitts joins JD Carlson to break down stretch matches vs. non-elective contributions, fiduciary responsibilities, and the latest on pooled employer plans. Essential listening for 401(k) advisors staying ahead of plan design trends. In this episode, Sheri Fitts dives deep into critical plan design strategies that every 401(k) advisor needs to master. We explore the nuances of stretch match versus non-elective contribution approaches, and when to deploy each strategy for your clients. A major highlight: Fred Reish's breakdown of 3(38) fiduciary duties and what they mean for your advisory practice. Understanding fiduciary responsibilities under ERISA is non-negotiable, and this segment cuts through the complexity. We also tackle the evolving landscape of target date funds and alternative assets, discussing how to position these solutions for plan sponsors. Plus, hear Sheri's perspective on personal branding in financial services, a competitive edge many advisors overlook. Rounding out the conversation: Strong Point Partners TPA tools, advisor technology and data integration challenges, pooled employer plans (PEPs) and their role in plan innovation, and key takeaways from the Nashville conference. Whether you're a TPA, plan sponsor, recordkeeper, or independent advisor, this episode delivers actionable insights on compliance, plan design strategy, and building your practice in a competitive market. CHAPTERS 0:00 Cold Open and Welcome Back 6:24 Stretch Match vs. Non Elective Contributions 15:35 Fred Reish on 3(38) Fiduciary Duties 23:48 Target Date Funds and Alternative Assets 25:52 Nashville Conference Recap and Gratitude 28:07 Personal Branding in Financial Services 38:38 Strong Point Partners TPA Tools 43:12 Advisor Technology and Data Integration 56:37 Industry Updates and Conference Drops 1:01:39 Pooled Employer Plans, Innovation or Packaging 1:10:03 Wrap Up and Thanks MORE FROM RETIREHOLICS Full episode notes & transcript: https://retireholics.com/episodes/sheri-fitts-plan-design-fiduciary-duties-peps-retireholics/ All past episodes: https://retireholics.com/episodes/ Live every 1st & 3rd Thursday at 4:30pm PT: https://retireholics.com/live/ Get show reminders: https://retireholics.com/get-reminders/ SUBSCRIBE YouTube: https://www.youtube.com/@Retireholics Apple Podcasts: https://podcasts.apple.com/us/podcast/retireholics/id1490618217 Podbean: https://retireholiks.podbean.com/ Retireholics is the show changing the retirement industry one beer at a time. Hosted by JD Carlson and co-hosts, covering 401(k) plan design, fiduciary responsibility, fees, investments, and industry news for retirement plan advisors and professionals.

3M - a look at economic activuty that tells a story of strengthNO RATE HIKE COMING. PERIOD.Share buybacks are rampingBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

How do you know it is time to bring in a 401(k) advisor—and how do you choose the right one without just chasing the lowest fee? In this episode, you'll hear how Weir Group structured an objective, employee-focused advisor search that balanced fiduciary prudence with true loyalty to their workforce.In this episode, Eric, Becky, and Puneet discuss:Need for advisory support beyond recordkeepingDefining prudence vs. loyalty in fiduciary governanceBuilding objective evaluation criteria for advisor searchesCulture fit and long-term partnershipKey Takeaways:An advisor search doesn't have to be triggered by a problem with the recordkeeper; it can be driven by the desire to enhance governance and education for participants.Strong fiduciary governance means being intentional about both prudence (process) and loyalty (acting for employees' best interests), not just minimizing organizational risk.Cost should be evaluated only after rigorously assessing culture fit, capabilities, and alignment with the plan's priorities and participant needs.Treating an advisor as a long-term partner—rather than a vendor—helps committees design a structured, unbiased search and choose the firm best positioned to support participants over time.“The first thing we looked at before we got our three objectives was: is this a good culture fit for us?” - Becky Stealey“Once those objectives are set, go back to your vendors, talk to them. Are there any additional services they have that you can utilize, so you're not paying double to both parties?” -Puneet BrarAbout Becky Stealey: Becky Stealey is a Benefits Manager with over 15 years of experience designing, managing, and optimizing employee benefits programs. She has led major implementations of benefits systems, HR platforms, and portals to enhance operational efficiency, compliance, and employee experience, and serves on 401(k) plan committees to guide retirement strategy and fiduciary governance.About Puneet Brar: Puneet Brar is a Senior Benefits Partner at Weir, overseeing U.S. retirement, health, and welfare benefit programs. Working closely with the Retirement Plan Committee and external advisors, she manages 401(k) plan operations, fiduciary compliance, vendor relationships, regulatory audits, and strategic initiatives designed to optimize plan administration and improve employee retirement outcomes.Connect with Becky Stealey:LinkedIn: https://www.linkedin.com/in/becky-stealey-a99308109/ Connect with Puneet Brar:LinkedIn: https://www.linkedin.com/in/puneet-brar-147012a/ Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information and content of this podcast are general in nature and are provided solely for educational and informational purposes. It is believed to be accurate and reliable as of the posting date, but may be subject to change.It is not intended to provide a specific recommendation for any type of product or service discussed in this presentation or to provide any warranties, investment advice, financial advice, tax, plan design, or legal advice (unless otherwise specifically indicated). Please consult your own independent advisor as to any investment, tax, or legal statements made.The specific facts and circumstances of all qualified plans can vary, and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.The opinions expressed by guests on the Be More Than a Fiduciary podcast are not necessarily the same as the opinions held by 90 North Consulting or by Executive Director Eric Dyson.

CTAs squeezing gold higher?Jobs number sucked. The Fed is NOT going to raise rates.Becareful of labels and arbitrary numbers in maket speakBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

Retirement planning is about more than simply saving enough money. In this episode of Dollars and Cents, Joel Garris breaks down several important issues retirees and pre-retirees should understand before making major financial decisions.First, Joel discusses the continued surge in annuity sales and why investors should be cautious before signing a long-term insurance contract. With record amounts of money flowing into annuities, he explains why these products are often complex, commission-driven, and full of fine print that can affect flexibility, access to money, and the true value of advertised guarantees.Then, the conversation shifts to retirement planning for couples. Joel shares several conversation starters every married couple should consider before retirement, including what retirement actually looks like, how each spouse thinks about money, when each person wants to retire, and where they want to live. These lifestyle expectations can be just as important as the financial projections.Finally, Joel covers tax surprises that can catch retirees off guard, including the taxation of Social Security, Medicare premium increases tied to income, required minimum distributions, and the surviving spouse tax trap. If you're approaching retirement or already there, this episode offers practical reminders to ask better questions, plan ahead, and avoid costly surprises.

In this episode of Friday Fiduciary Five, Eric Dyson unpacks the seventh signature principle of fiduciary leadership: the “innovation conundrum.” He explains that while innovation in retirement plans can be valuable, it is not automatically a proven solution and must be evaluated as a tool to solve clearly defined problems. Drawing on Department of Labor public comments and ERISA litigation experience, Eric stresses that added complexity, cost, and uncertainty demand stronger evidence of improved participant outcomes. He concludes that fiduciaries should first execute the basics extraordinarily well and treat innovation as something to be carefully evaluated, not blindly pursued or reflexively avoided.Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information contained herein is general in nature and is provided solely for educational and informational purposes.It is not intended to provide a specific recommendation of any type of product or service discussed in this presentation or to provide any warranties, financial advice, or legal advice.The specific facts and circumstances of all qualified plans can vary, and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.The opinions expressed by guests on the Be More Than a Fiduciary podcast are not necessarily the same as the opinions held by 90 North Consulting or by Executive Director Eric Dyson.

Software is NOT dead!Equal Weighted Indexes are telling a good storyGold still trending lower, but a base is now looking for formidableBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

A company with “nothing broken” in its 401(k) plan decides it still wants to be better—so what happens next? In this episode, you'll hear how a benefits committee clarified its priorities, navigated the 3(21) vs 3(38) decision, and ran a disciplined advisor search that elevated both fiduciary governance and employee outcomes.In this episode, Eric and Jeremy Burroughs discuss:Background on ESCO, Weir, and committee chair responsibilitiesWhy a solid 401(k) plan still needed an advisorSetting clear priorities and using them as a “north star”3(21) vs 3(38) advisors and committee compositionRunning finalist presentations and empowering every committee voiceKey Takeaways:A retirement plan can be functioning well on the surface and still benefit greatly from more structure, rigor, and the addition of an outside advisor.Defining a small set of clear priorities early in an advisor search—and returning to them often—keeps every decision aligned and consistent.The choice between a 3(21) and 3(38) advisor should reflect the actual strengths, bandwidth, and investment expertise of the committee, not just past experience.Effective searches invite honest, value-adding presentations from finalists and encourage every committee member to ask direct, practical questions.Having the confidence to share opinions, concerns, and preferences is essential; silence in the room can prevent the committee from reaching the best decision for participants.“In business, the relationships that you develop over time are really important. And if you have trusted relationships, they're that much more important.” - Jeremy BurroughsJeremy C. Burroughs serves as the Weir Group Inc.'s President and Head of North American Tax. In his role, Mr. Jeremy oversees all Weir tax operations in North America as well as the global tax operations for the ESCO Division. Jeremy joined Weir as part of its acquisition of ESCO Corporation, where he served as the Company's Vice President, Tax and Treasurer. Mr. Burroughs has served as Chairperson of the ESCO Division's North America benefit plans for over ten years. Mr. Burroughs is a Certified Public Accountant and, prior to joining ESCO Corporation, spent 11 years at Grant Thornton LLP and KPMG LLP.Connect with Jeremy Burroughs:Website: https://www.global.weir/ LinkedIn: https://www.linkedin.com/in/jeremy-burroughs-tax-exec/ Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information and content of this podcast are general in nature and are provided solely for educational and informational purposes. It is believed to be accurate and reliable as of the posting date, but may be subject to change.It is not intended to provide a specific recommendation for any type of product or service discussed in this presentation or to provide any warranties, investment advice, financial advice, tax, plan design, or legal advice (unless otherwise specifically indicated). Please consult your own independent advisor as to any investment, tax, or legal statements made.The specific facts and circumstances of all qualified plans can vary, and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.The opinions expressed by guests on the Be More Than a Fiduciary podcast are not necessarily the same as the opinions held by 90 North Consulting or by Executive Director Eric Dyson.

Banks - healthy breakoutDXY - Risk on breakdownGold - Healthy consolidationBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

Inflate or Die!Taylor Rule says rates too low!30 Yr Yields still breaking outBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

Valutions - Cheapest since 2020! This is NOT the most expensive market ever.NSYE - hitting new highsSTOXX 50 - Europe breaking out for first time since dot-com bubble!Become a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

Share buyback window opening wider!New all time highs!Invetory to sales ratio at levels lower than the last three recessions. This is BULLISH!Become a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

In part two of the Wolves of Wall Street series on The Retirement Fiduciary, Adam Koós keeps pulling back the curtain on the parts of the financial world most people never get to see. This time he walks through the tactics that can make someone look like a trustworthy advisor on the surface while something very different is going on underneath. From insurance agents who set up nearly empty advisory firms just to call themselves fiduciaries, to attorneys quietly selling annuities on the side, to the long list of designations that sound impressive but carry almost no education behind them, Adam breaks it all down in plain English. He closes with a simple, free way to find a true fee-only fiduciary near you, so you can tell the difference before you ever hand someone your life savings. Episode Timestamps Approximate, please verify against the final audio. 00:00 – Part 2 intro and the "tomorrow's front page" standard 01:30 – Insurance agents posing as wealth managers 06:30 – Attorneys running advisory firms on the side 10:00 – Paid advertorials dressed up as real news 12:00 – Questionable designations to watch for 17:00 – The designations that actually mean something 24:00 – Why the right firm for the job matters (the Jiffy Lube rule) 27:00 – How to find a true fiduciary (NAPFA) 29:00 – Fee-only vs fee-based, explained 31:00 – Final takeaways Key Takeaways

Alexander von der Vellen is a Cambridge-educated former British Army officer who left private banking at Barings and JPMorgan Chase to become an independent fiduciary advising over 100 entrepreneurial families, and author of a trilogy on trusteeship and stewardship.Spend more time with Alexander here, his own recorded podcast series of lectures with some precious advice for inheritors and their families.Episode Sponsor: Fiscal AI is a modern data terminal that gives investors instant access to twenty years of financials, earnings transcripts, and extensive segment and KPI data—use my link for a two-week free trial plus 15% off: https://fiscal.ai/talkingbillions/3:00 — Alexander explains banking is the rare industry where age is a perceived advantage; he once asked his London barber to add gray hair for private banking credibility.8:52 — Childhood: born in Spain to an Austrian father and English mother, raised in the Canary Islands speaking four languages, boarding school at age 7.16:04 — The old Barings model: clients paid double the nearest competitor, and money itself was the one taboo topic at client events — “the money was the byproduct of the relationship.”20:11 — The Lord Darby anecdote: a JP Morgan banker meets Fleming's Lord Darby, learns he rides alone with the Queen in her carriage, and asks, verbatim, “why is she not a client?” — Alexander's illustration of the shift from relationship-driven to transactional banking.31:19 — Trusteeship as a human skill set: diligence, duty, loyalty, discretion — qualities that must be consciously developed, not assumed.43:16 — The JP Morgan $30 million marker: past that point wealth “will outlast you,” triggering a different family conversation entirely — stewardship, not spending.49:44 — Key quote: “money is not freedom, it's pressure” — the more you buy, the more pressure it adds to your life.58:33 — A boy-band client years later: “you do realize this is all because of you... you saved me from myself.”1:01:02 — Quoting Patton: “good plan delivered with energy today is far better than an excellent plan delivered next week.”1:04:30 — Success, defined: “it's about continuity with meaning every time.”Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed.

In an environment when everyone in US commercial real estate is basically making the same pitch, why are some firms more successful than others at raising capital? Why are some firms more successful than others at getting the deal? In this episode, AFIRE CEO Gunnar Branson discusses these questions with the founder, chairman and CEO of Institutional Real Estate Inc., Geoffrey Dohrmann. Branson and Dohrmann decide the key involves relationships and trust, and discuss ways to meet the challenge of building trust across international borders and between investors. Also on the agenda: Wisdom from commencement speeches! Marathon Man star Laurence Olivier's advice to Dustin Hoffman! And what a catchphrase from one of Geoffrey Dohrmann's old girlfriends has to do with relationship building in CRE. LINKS Geoffrey Dohrmann LinkedIn https://www.linkedin.com/in/geoffrey-dohrmann-cre-9b2b5a2/ Institutional Real Estate Inc. website https://irei.com/ Dustin Hoffman on Laurence Olivier's advice in Marathon Man https://www.youtube.com/watch?v=fodPlCp-28c IREI podcast with Bob Sessa on how LPs evaluate leadership https://irei.com/video-and-podcast/nextgen-capital-conversations-episode-4-talent-and-retention/ Steve Jobs' 2005 Stanford commencement speech https://www.youtube.com/watch?v=UF8uR6Z6KLc Blackstone president Jon Gray's 2023 commencement speech https://www.youtube.com/watch?v=T7fKDtOqZOY To hear the globe's top experts discuss opportunities in US property markets, register for future AFIRE conferences: https://www.afire.org/events/ KEY MOMENTS 00:00 Marketing vs success 01:40 Guest introduction 04:08 Winning through trust 06:10 Inclusion and actions 10:39 Best practices 14:34 Ego and leadership 17:36 Ownership and accountability 21:24 Asset liability managers 31:49 Obi-Wan Kenobi comparison 34:26 Fiduciary financial objectives 38:26 Brand building asset 39:38 Commencement speeches 43:13 Success and relationships

Major student loan repayment changes are here, and borrowers on the SAVE Plan may have only 90 days after receiving their notice to choose a new repayment option. In this episode of Dollars & Sense, Chet Cowart and Kristin Kalley break down what happened to the SAVE Plan, why doing nothing could automatically move borrowers into a Tiered Standard Repayment Plan, and how that choice could affect monthly payments, Public Service Loan Forgiveness, and long-term financial planning. You'll learn how Income-Based Repayment, the new Repayment Assistance Plan, and fixed repayment plans compare; why recertification matters; and what borrowers should consider before choosing a new plan. The episode also covers how market leadership may be shifting beyond big technology stocks and why diversification, valuation, and concentration risk matter for investors approaching retirement. Topics covered: SAVE Plan ending90-day repayment deadlinestudent loan repayment optionsIBR vs. RAPPublic Service Loan Forgivenessrecertification strategiestax filing considerationsmarket leadership changesAI and tech stock concentrationdiversificationretirement planning

In this episode of Allworth's Money Matters, Scott and Pat take a deep dive into two real-world case studies that highlight the critical difference between being sold a product and receiving fiduciary advice. First, they talk with a caller managing a $4.5 million estate who has been pitched a complex whole-life insurance strategy. Then, they address a $1.4 million retirement dilemma involving inherited assets and the "liquidity gap." What you'll learn in this episode: The Whole Life Red Flag: Why insurance "leverage" strategies often benefit the advisor more than the client. Inherited IRA Mastery: How to manage large inherited accounts without triggering unnecessary taxes or penalties. The Truth About Bonds: Why your current bond allocation might be creating a "liquidity trap" for your early retirement. Fiduciary vs. Commission: How to tell if your advisor is building a plan or just making a sale. Join Money Matters:  Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain. Call 833-99-WORTH. Or ask a question by clicking here.  You can also be on the air by emailing Scott and Pat at questions@moneymatters.com. Download and rate our podcast here.

What happens to everything you've built if you fail to plan for the future? On this episode of "Your Retirement Highway," Kyle Jones, Matt Allgeyer, and special guest Danny Michaud take you on a lively road trip through the world of legacy planning—and trust us, this ride comes with a few sharp turns, some unexpected laughs, and a couple of dad jokes you won't soon forget. Will you get the inside scoop on the core documents every family needs, or will you be part of the 62% of Gen Xers flying without a plan?Tune in to hear why legacy planning isn't just for the wealthy (or the stuffy), how your family could end up “building on sand,” and what makes financial planning more apprenticeship than textbook. Plus, find out which team one of the hosts secretly cheers for, why nobody wants to be runner-up to the runner-up, and the rookie mistakes you'll want to avoid. Buckle in—this is one episode you and your retirement can't afford to miss!Join Matthew Allgeyer and Kyle Jones as they dive into the crucial issues shaping your retirement. In this episode of Your Retirement Highway, our hosts discuss a key retirement topic, sharing expert advice, actionable strategies, and experiences that matter. From taxes and Social Security to long-term care and market volatility, they cover what you need to know to chart your retirement course with clarity and confidence.

In this episode of Friday Fiduciary Five, Eric Dyson talks about the sixth signature principle of fiduciary leadership: documentation should tell the entire fiduciary story. He emphasizes the importance of documenting not just decisions but also the process and purpose behind them. Eric uses the analogy of a ship's log versus a captain's log to illustrate the difference between recording facts and explaining the rationale behind decisions. He challenges fiduciary committees to ensure their documentation reflects both prudence and loyalty.Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information contained herein is general in nature and is provided solely for educational and informational purposes.It is not intended to provide a specific recommendation of any type of product or service discussed in this presentation or to provide any warranties, financial advice, or legal advice.The specific facts and circumstances of all qualified plans can vary, and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.The opinions expressed by guests on the Be More Than a Fiduciary podcast are not necessarily the same as the opinions held by 90 North Consulting or by Executive Director Eric Dyson.

FED DAY! Nothing burger.P/E RATIOS - Don't matter as much as you thinkREVENUES - Best ever Become a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

RATES - market doing Fed's jobRETAIL - Retail army hit the sell sell sell button!BREADTH - keeps getting better as market corrects moves sidewaysBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

If your listings are sitting on the market, the problem may not be the market. Real estate coach and brokerage leader Mike Bernier joins James Dwiggins to discuss why today's listings aren't selling, how agents can have better pricing conversations with sellers, and the repeatable habits that separate top producers from everyone else. They also dive into fiduciary duty, private listings, and why consistency, not shiny objects, is still the key to long-term success. Links mentioned during the episode: Episode with Robert Palmer: https://youtu.be/FO_LED-R83U Attorney Article on Fiduciary: https://www.realestatenews.com/2026/07/14/sellers-are-only-making-a-choice-if-they-know-all-the-facts Connect with Mike on LinkedIn - Instagram and online at realtygroupmn.com. Subscribe to Real Estate Insiders Unfiltered on YouTube! https://www.youtube.com/@RealEstateInsidersUnfiltered?sub_confirmation=1   To learn more about becoming a sponsor of the show, send us an email: jessica@inman.com   You asked for it. We delivered. Check out our new merch! https://merch.realestateinsidersunfiltered.com/   Follow Real Estate Insiders Unfiltered Podcast on Instagram - YouTube, Facebook - TikTok. Visit us online at realestateinsidersunfiltered.com.   Link to Facebook Page: https://www.facebook.com/RealEstateInsidersUnfiltered Link to Instagram Page: https://www.instagram.com/realestateinsiderspod/ Link to YouTube Page: https://www.youtube.com/@RealEstateInsidersUnfiltered Link to TikTok Page: https://www.tiktok.com/@realestateinsiderspod Link to website: https://realestateinsidersunfiltered.com This podcast is produced by Two Brothers Creative. https://twobrotherscreative.com/contact/   The views and opinions expressed on Real Estate Insiders Unfiltered are those of the hosts and guests in their personal capacities and do not necessarily reflect the views or positions of AGNT, Inc., eXp Realty, LLC, NextHome, Inc., or any of their respective affiliates, subsidiaries, officers, or directors.  

As the Department of Labor reshapes how fiduciaries evaluate 401(k) investments, committees and advisors can't afford to wing it. In this episode, Michael Welz breaks down the proposed DOL safe harbor, the six-factor framework, and what it really means to prudently add alternatives and private assets to defined contribution plans.In this episode, Eric and Michael Welz discuss:Background and intent of the proposed DOL guidanceSix-factor safe harbor framework for investment selectionApplying risk-adjusted returns and appropriate time framesIncorporating private assets into defined contribution plansInvestment policy statements, due diligence, and ERISA litigation riskKey Takeaways:The proposed DOL regulation focuses less on picking “perfect” investments and more on whether fiduciaries follow a prudent, well-documented process.Evaluating performance now explicitly addresses risk-adjusted returns over an appropriate time frame, rather than just raw performance versus benchmarks.The proposed DOL guidance can be considered “investment option neutral” for DC plans, provided liquidity, valuation, and complexity are properly understood and documented.Investment policy statements are the core roadmap for due diligence, and many committees need to revisit and realign them with the new six-factor framework.By aligning committee processes with the proposed safe harbor, fiduciaries can both expand investment menus and potentially reduce excessive ERISA litigation risk.“On presumption of prudence, the process is the important part, not a checklist.” - Michael WelzMichael Welz is President of USI Consulting Group and USI Advisors, Inc., leading the firm's overall direction, strategy, and institutional investment solutions. With over 25 years of investment management experience, he oversees portfolio strategies, market research, and asset allocation, notably incorporating behavioral finance into defined contribution plan consulting. He previously served as USI Advisors' Chief Investment Officer and National Practice Leader for USICG's defined contribution group following a decade with major financial firms. Michael holds a master's equivalent in economics from the University of Cologne, holds CFA, CAIA, and CIMA credentials, and maintains FINRA Series 7, 63, and 65 licenses.Connect with Michael Welz:Website: https://www.usicg.com/ LinkedIn: https://www.linkedin.com/in/michael-welz-cfa-12997821/ Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information and content of this podcast are general in nature and are provided solely for educational and informational purposes. It is believed to be accurate and reliable as of the posting date, but may be subject to change.It is not intended to provide a specific recommendation for any type of product or service discussed in this presentation or to provide any warranties, investment advice, financial advice, tax, plan design, or legal advice (unless otherwise specifically indicated). Please consult your own independent advisor as to any investment, tax, or legal statements made.The specific facts and circumstances of all qualified plans can vary, and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.The opinions expressed by guests on the Be More Than a Fiduciary podcast are not necessarily the same as the opinions held by 90 North Consulting, or of Executive Director Eric Dyson.

In this episode of Dollars & Sense, Joel Garris of Nelson Financial Planning breaks down three timely money topics that can impact everyday financial decisions. First, he looks at the Bilt card and whether earning rewards on rent is really worth it—or whether the credit card risks outweigh the marketing hook.Then, Joel explains key Florida Retirement System choices, including the Pension Plan, Investment Plan, DROP, and recent legislative updates affecting certain COLA benefits and DROP flexibility.Finally, he discusses the decline in financial literacy, the rise in adult children relying on parents for financial support, and practical steps families can take to build independence without putting retirement at risk.

In this episode of Friday Fiduciary Five, Eric Dyson talks about lessons learned from public comments on the Department of Labor's proposed guidance for investment selection in defined contribution plans. He outlines eight key principles for fiduciary decision-making, emphasizing the importance of defining problems, balancing process and purpose, using examples to inform rather than dictate, and integrating checklists with judgment. As the title implies, this week he discusses flexibility and accountability and how they can appropriately coexist in a prudent governance framework.Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information contained herein is general in nature and is provided solely for educational and informational purposes.It is not intended to provide a specific recommendation of any type of product or service discussed in this presentation or to provide any warranties, financial advice, or legal advice.The specific facts and circumstances of all qualified plans can vary, and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.The opinions expressed by guests on the Be More Than a Fiduciary podcast are not necessarily the same as the opinions held by 90 North Consulting, or of Executive Director Eric Dyson.

Vladimir Novakovski of Lighter joins the Chopping Block crew to untangle one of crypto's oldest debates: what happens when tokens and equity coexist. The gang digs into the Venice/VVV controversy, breaks down Lighter's new Perps integration with Robinhood Chain and the fragmentation questions it raises, dissects the wild BonkDAO governance exploit, and reacts to the eye-popping $2.4 billion in crypto income disclosed in Trump's financial filings. Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto, joined this week by special guest Vladimir Novakovski of Lighter. The crew dives deep into the resurfaced tokens-versus-equity debate sparked by Dragonfly's investment in Venice and its VVV token, with Haseeb making the case that Venice is fundamentally different from Uniswap Labs style structures. Vlad explains how Lighter has approached the same dilemma through programmatic buybacks and a single C corp structure, and the group debates fiduciary duties, Delaware law, and what a merged DeFi/TradFi future for equity and tokens might look like. From there, they unpack Lighter's big Robinhood Chain announcement, including Lighter's new role as the native Perps engine inside Robinhood Wallet, and whether running a separate instance fragments liquidity. The episode wraps with a breakdown of the BonkDAO governance exploit that let an attacker vote themselves $20 million in tokens, and a reaction to Trump's staggering $2.4 billion in pre-tax crypto income revealed in his latest financial disclosure. Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform. Show highlights

#725: Most people assume their financial advisor is legally required to put their interests first. That's not always true. Andrea Baumann Lustig, a wealth advisor with 30 years of experience, joins us to walk through the blind spots she sees most often in legacy planning -- the deeply held beliefs that quietly undermine people's financial futures. We start with something most people never think to ask: how is your advisor actually registered? There are three categories. Registered representatives (stockbrokers) are held to a "best interest" standard - but they don't have to disclose when they earn a higher commission for recommending a specific investment. Fiduciaries are held to a stricter standard - they must put your interests ahead of their own. And 45 percent of advisors are dually registered, meaning they can switch between those two standards depending on which account they're discussing with you. Most clients have no idea this is happening. From there, we dig into what Lustig calls the "quarterback" problem. Many people have a financial advisor, an estate planning attorney, an accountant, and an insurance agent - but those specialists never talk to each other. Without someone coordinating the full picture, opportunities get missed and risks go unseen. We also talk through what happens when people try to manage everything themselves, why having multiple investment advisors can actually backfire (think: wash sale rule violations and hidden concentration risk), and why a revocable trust matters even if you don't think you're wealthy enough to need one. Lustig explains the three Ps a revocable trust protects against - probate, incapacitation, and privacy - and why even people in their 30s and 40s should consider setting one up now. The conversation closes with advice for small business owners on how to think about a business that might not be sellable - and how to plan around it anyway. Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (00:00) Intro (06:52) Three types of financial advisors explained (09:11) Fiduciary vs. best interest standard (15:21) Dangers of dually registered advisors (19:26) Why you need a planning quarterback (24:42) Risks of using multiple investment advisors (37:10) Who benefits from holistic wealth management (40:50) The three Ps of a revocable trust (44:19) Returning to the blind spots overview (47:40) Risks of managing money yourself (57:13) Key questions to ask a new advisor (1:05:34) Index funds vs. active management (1:12:04) Asset allocation and rebalancing strategy (1:21:10) Legacy planning for small business owners (1:27:54) How to spot your own blind spots Resources: Book: Legacy on the Line: Overcome Blind Spots to Grow and Transfer Your Wealth by Andrea Baumann Lustig Free download: The FiiRE Playbook Learn more about your ad choices. Visit podcastchoices.com/adchoices