Podcasts about Fiduciary

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.

Dupree Financial Group Blog  ·  The Tom Dupree Show From This Week’s Episode Retirement Investing  ·  August 1, 2026 Is Your Retirement Portfolio Too Concentrated? A 25-year-old hedge fund manager lost roughly $35 billion in a matter of days this week. Here’s what his leverage and the market’s concentration in seven stocks have to do with your retirement account. By Tom Dupree, Founder, Dupree Financial Group  |  dupreefinancial.com  |  859-233-0400 This week, a 25-year-old former OpenAI researcher named Leopold Aschenbrenner watched roughly $35 billion disappear from his hedge fund in a matter of days. Two years ago, he wrote a 165-page essay predicting the future of artificial intelligence with such confidence that Silicon Valley treated it like scripture. This week, his fund — built on borrowed money layered on top of a handful of AI stocks — got forced into a fire sale to Ken Griffin’s Citadel at a steep discount. It’s a dramatic story. But here’s the direct answer to the question that actually matters for your retirement: if most of your money sits in a plain S&P 500 index fund, you may be more concentrated in a handful of the same stocks than you realize — and that concentration, not any single hedge fund’s collapse, is the real thing worth understanding before your next portfolio review. You don’t need borrowed money or a 165-page manifesto to be exposed to this. You just need to own “the market” and assume that means you’re spread across 500 different companies. Key Takeaways Leverage magnifies both directions. Borrowing money to buy investments can boost gains on the way up, but it can wipe out capital just as fast on the way down. That’s the entire story of this week’s hedge fund collapse. Seven stocks now make up a large share of the S&P 500. Depending on the week you check, the “Magnificent Seven” technology stocks account for somewhere between a third and roughly 40% of the entire index’s value. Owning an index fund is not automatically owning a diversified portfolio. A market-cap-weighted index gives its biggest companies the biggest influence — so when those companies wobble, so does “the market.” Know what you own and why you own it. That’s not a slogan — it’s the single most useful question a retiree can ask before the next headline-grabbing selloff. Why This Week’s Story Is Bigger Than One Hedge Fund Every generation produces an investor who seems untouchable — brilliant, early to a trend, riding a wave everyone else is still arguing about. Aschenbrenner’s fund, Situational Awareness, reportedly grew from roughly $200 million to as much as $45 billion in under two years, largely on concentrated bets in AI infrastructure names. Then, using leverage reported as high as 400% — meaning roughly four borrowed dollars for every dollar of the fund’s own capital — a sharp pullback in a handful of semiconductor and AI stocks triggered margin calls his prime brokers couldn’t ignore. That’s the mechanical part, and it’s worth understanding in plain English: when you borrow against an investment and that investment drops in value, your loan doesn’t shrink with it. At some point the lender requires more collateral — a margin call — and if you can’t provide it, your shares get sold for you, often at the worst possible moment. There’s no easy way around that math. It requires diligence, not confidence. Most retirees reading this aren’t using 400% leverage. But there’s a quieter version of the same concentration problem sitting inside a lot of 401(k)s and IRA rollovers, and it doesn’t require a single dollar of borrowed money to hurt you. What the Numbers Actually Show According to CNBC’s reporting on the collapse, Aschenbrenner’s fund held roughly $45 billion in assets at its peak, before margin calls forced the sale of its leveraged public stock positions — including major holdings like SK Hynix and CoreWeave — to Citadel at a discount, with the fund’s overall assets falling to around $10 billion within about 30 trading days (CNBC). TechCrunch’s coverage confirms Aschenbrenner had no prior professional trading experience before launching the fund in 2024, and that the losses came from both AI stocks falling and short positions in software companies moving the wrong way at the same time (TechCrunch). Meanwhile, the broader market has its own version of this concentration story. Reporting from Forbes notes that the “Magnificent Seven” technology stocks made up roughly a third of the S&P 500’s total market capitalization heading into 2026, with some advisors calling the resulting concentration risk a “legitimate concern” (Forbes). Separate reporting from CNBC put the figure as high as 35% to 40% of the index in recent trading, prompting some strategists to recommend equal-weighted alternatives to reduce that concentration (CNBC). The SEC’s own investor education office has published plain-language guidance on why borrowing to invest carries risks that go beyond the investment itself — including the fact that a broker can sell your securities to meet a margin call without waiting for you to act, and can do so without advance notice (SEC Investor.gov). It’s the kind of guardrail worth reading once, even if you never plan to use margin yourself. “Leverage is a thing to be used very judiciously and very carefully, because if you use it in a way that’s irresponsible, it can cost you everything.” — Tom Dupree The Reframe: This Isn’t a Bet on Whether AI Wins or Loses Dupree Financial Group’s Take Most of the commentary this week has been framed as a debate: Is AI spending going to pay off, or is it a bubble? That’s an interesting argument, and reasonable people disagree about it — Microsoft’s stock jumped double digits on one earnings report this year, while Oracle’s bonds have drawn scrutiny over its own AI-related spending. But that debate is largely beside the point for a retiree building income for the next 40 or 50 years. The actual lesson isn’t “buy AI stocks” or “avoid AI stocks.” It’s that when a market’s returns get concentrated in a small number of companies, your risk gets concentrated right along with it — whether you meant it to or not. That’s exactly why our approach starts with cash flow analysis, not headlines: dividend-paying companies across sectors like insurance, telecommunications, and financials keep generating income whether or not seven technology companies are having a good month. You get paid to wait, in good markets and choppy ones, instead of hoping a narrow slice of the market keeps carrying the whole index. What This Looks Like in Practice We build separately managed accounts around companies with a history of paying and growing their dividends, purchased when they’re out of favor and less expensive — not around chasing whichever seven stocks are dominating the headlines that quarter. Bonds play a role too: current income, lower volatility, and dry powder to buy good companies when the market temporarily marks them down for reasons that have nothing to do with their underlying business. None of this means avoiding growth, and it doesn’t mean the S&P 500’s biggest companies are bad businesses — several of them are genuinely excellent. It means not letting one basket, however impressive, decide the outcome of your retirement. All investing involves risk, including the possible loss of principal, and no strategy removes that risk entirely. The goal is to understand it, size it appropriately, and build income you don’t have to sell into a downturn to access. Five Things to Check in Your Own Portfolio 1Pull up your 401(k) or IRA’s top ten holdings. Most plan providers list this on your statement or online dashboard. If you don’t see it, call and ask — it’s your money, and you’re entitled to know. 2Add up what percentage those top ten represent. If it’s a plain S&P 500 index fund, expect a meaningful chunk of your total to be concentrated in a handful of names, most of them technology companies. 3Ask whether that concentration matches your risk tolerance at your stage of life. A 35-year-old accumulating wealth can absorb more concentration risk than someone drawing income in retirement. 4Check whether you’re using any form of leverage or margin, even indirectly through certain funds or products, and make sure you understand exactly what happens if those positions move against you. 5Get a second set of eyes on the whole picture. It’s easy to know your account balance and much harder to know what’s actually driving it. That’s the gap a complimentary portfolio review is built to close. Frequently Asked Questions What is “concentration risk” in a stock market index? Concentration risk means a large share of an index’s total value — and therefore its performance — comes from a small number of companies. In a market-cap-weighted index like the S&P 500, the biggest companies carry the most influence, so a downturn in just a handful of names can drag down the whole index. Why did Leopold Aschenbrenner’s hedge fund lose so much money so quickly? Reporting indicates the fund used leverage as high as 400% on concentrated AI stock positions. When those stocks declined, the borrowed money amplified the losses, triggering margin calls that forced a distressed sale of the fund’s holdings within about a month. Should retirees stop investing in S&P 500 index funds? Not necessarily — index funds remain a legitimate, low-cost building block. The point is to understand what you actually own inside that fund, including how concentrated it has become, rather than assuming “index fund” automatically means “diversified.” What does “leverage” mean in plain English? Leverage means borrowing money to increase the size of an investment beyond what your own capital could buy. It can amplify gains, but it amplifies losses the same way — and if the investment’s value drops enough, the loan doesn’t shrink to match it. How can I tell how concentrated my own retirement portfolio really is? Start by looking up your fund’s top ten holdings and what percentage of the total they represent — most providers publish this. If you’re unsure how to interpret it, a portfolio review with an advisor can walk through what you actually own and why. The Close By the time you read this, Leopold Aschenbrenner’s fund will likely have faded from the headlines, replaced by whoever’s turn it is next — because, as history keeps showing us, there’s always a next one. But the question his week left behind isn’t really about him. It’s about whether you know what you own, and whether you’d be able to answer calmly if your own portfolio had a bad week. That’s the whole point of retiring on income instead of hope: you don’t need to guess right about which seven stocks win. You need a plan that keeps paying you regardless. Keep Learning Listen to the full episode — hear Tom, James Dupree, and Michael Dawahare walk through the Mag Seven earnings debate and this week’s market moves in more detail. Learn more about Dupree Financial Group — our fee-only, fiduciary approach and the team behind it. Schedule a complimentary portfolio review — see exactly how concentrated your own accounts are today. Tom Dupree Tom Dupree is the founder of Dupree Financial Group, a fee-only, fiduciary Registered Investment Advisory firm based in Lexington, Kentucky. He has spent 48 years in the investment business, starting as a municipal bond salesman in the late 1970s, and hosts The Tom Dupree Show, a weekly radio and podcast program covering the financial topics that matter most to retirees. 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 whether your retirement account is more concentrated in a handful of stocks than you’d like — we’ll take a look. No charge. No pressure. Just an honest conversation about what you own and whether it’s working for you. Call: 859-233-0400  |  Visit: dupreefinancial.com All investing involves risk, including the possible loss of principal. Past market performance discussed above refers to historical index and company data, not to the performance of any Dupree Financial Group account. Dupree Financial Group  ·  Fee-only. Fiduciary. Lexington, KY  · dupreefinancial.com  ·  859-233-0400 { "@context": "https://schema.org", "@type": "PodcastEpisode", "name": "Is Your Retirement Portfolio Too Concentrated?", "url": "https://www.dupreefinancial.com/sp500-concentration-risk-retirement-portfolio/", "datePublished": "2026-08-01", "description": "Tom Dupree, James Dupree, and Michael Dawahare discuss this week's hedge fund collapse, Magnificent Seven earnings, and what S&P 500 concentration risk means for retirement portfolios.", "partOfSeries": { "@type": "PodcastSeries", "name": "The Tom Dupree Show" }, "author": { "@type": "Person", "name": "Tom Dupree" } } { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What is "concentration risk" in a stock market index?", "acceptedAnswer": { "@type": "Answer", "text": "Concentration risk means a large share of an index's total value comes from a small number of companies. 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A $35B Hedge Fund Lesson | Dupree Financial Group appeared first on Dupree Financial.

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.

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.

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.

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.

FED - Could a Fed hike be bullish for equities?KOSPI - still badBUYBACKS - open window is opening moreBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

In this episode of Broadcast Retirement Network, we bring together leading voices on retirement income strategy and fiduciary considerations. Guests include John Schembari, Kutak Rock, Ed McIlveen, CFA, Francis, LLC, and Robert Scherzer, AIF of World Investment Advisors. We discuss what employers and fiduciaries should weigh when introducing (or evaluating) guaranteed lifetime income features within defined contribution plans—balancing participant needs, plan design, and real-world implementation realities.

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.

2 YR Yields suggest the Fed should hike ratesEarnings reporting to change?PEG Ration - cheapest market in decades?Become a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

Dupree Financial Group Podcast Show Notes The Tom Dupree Show Episode  ·  July 25, 2026 Oil Spikes, Stocks Shrug: What the Market Is Really Telling You The Tom Dupree Show| Dupree Financial Group | dupreefinancial.com |859-233-0400 By Tom Dupree, Founder, Dupree Financial Group Episode Description This week gave retirement investors a real-time lesson in how markets actually work. Renewed conflict near the Strait of Hormuz sent crude oil sharply higher — the kind of headline that can make anyone glance nervously at a 401(k) statement. Instead, the S&P 500 kept flirting with all-time highs anyway. Tom Dupree, Mike Johnson, and Michael Dawahare — the same team you can hear every week on the Tom Dupree Show podcast archive — dig into why the market’s reaction didn’t match the headline, and what that gap tells you about where to actually look when you’re evaluating your own portfolio. The team also unpacks a shift that’s been building all year. For the past two years, a handful of “Magnificent Seven” technology stocks carried nearly all of the S&P 500’s earnings growth. Michael walks through why that’s changing — and why the remaining 493 companies in the index are now projected to outpace the Mag Seven’s earnings growth, according to recent market data. Along the way, Tom and Mike connect that shift to two familiar names in Central Kentucky mailboxes — AT&T and Verizon — both of which addressed the SpaceX satellite-to-phone threat directly in their second-quarter 2026 earnings calls. The through-line Tom keeps coming back to: none of this is a reason to guess, and it’s not a reason to freeze either. It’s a reason to know exactly what you own and why you own it. That’s the same fee-only, fiduciary research-driven approach behind every account DFG manages — a portfolio built around dividend-paying companies doesn’t need Tehran, Washington, or Elon Musk to cooperate in order to keep generating income. “There’s no easy way to do this. It requires diligence.” Topics Covered •Why crude oil spiked this week after renewed conflict near the Strait of Hormuz •How the stock market processed the oil news without a broad sell-off •The two-year story of the “Magnificent Seven” carrying most of the S&P 500’s earnings growth •Why the “other 493” companies in the index are now projected to outpace the Mag Seven •The wide performance gap opening up inside the Mag Seven itself this year •Why the equal-weight S&P 500 has outpaced the market-cap-weighted version in 2026 •AT&T and Verizon’s earnings-call response to the SpaceX direct-to-phone threat •Why DFG owns companies based on fundamentals and dividends, not headlines or hype •The historical backdrop connecting Britain, oil, and the Strait of Hormuz •Reshoring “national championship industries” and what it could mean for long-term growth Key Takeaways A market reaction isn’t the same as a market verdict. Oil spiked hard this week, but the S&P 500 stayed close to record highs. That gap is a reminder the market is weighing probabilities, not reacting to a single headline — and a scary news cycle doesn’t automatically mean portfolio damage. The “other 493” are catching up. After two years of a small group of mega-cap tech stocks driving nearly all S&P 500 earnings growth, the broader market is now projected to outpace them. That matters if your retirement savings are concentrated in a handful of names. Not every “Magnificent Seven” stock is behaving the same way. Wide performance gaps opened up within the group this year. Owning “the market” through a single index doesn’t mean owning uniform results — it means owning whatever mix that index happens to be weighted toward right now. Fundamentals, not momentum, is the filter. DFG will own a Mag Seven name when the valuation and dividend profile make sense — the decision is driven by earnings, cash flow, and dividends, not by chasing whatever stock is trending. Even household telecom names get tested by disruption. AT&T and Verizon both addressed the SpaceX satellite-to-phone threat directly in this week’s earnings calls — a reminder that even steady, income-paying companies require ongoing diligence, not a buy-and-forget approach. Geopolitics and portfolios are more connected than they look. The long history of global oil markets and shipping lanes helps explain moves that otherwise look confusing scrolling through headlines — context that’s part of the research behind every position in the portfolio. Diligence, not diagnosis, is the DFG approach. Every position gets traced back to one question: how does this translate to your investment portfolio? That’s the filter for oil, tech earnings, telecom competition, or any other headline of the week. 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. Related Reading •Browse the full episode archive on the Tom Dupree Show podcast page •Learn more about DFG’s fee-only, fiduciary approach on the About Us page Schedule a Complimentary Portfolio Review If you’re not sure whether your portfolio is built to hold steady through a week like this one — oil spiking, tech stocks pulling in different directions, telecom giants fighting off a new competitor — we’ll take a look. No charge. No pressure. Just an honest conversation about what you own and whether it’s working for you. Call: 859-233-0400 | Visit: dupreefinancial.com About The Author Tom Dupree is the founder of Dupree Financial Group and has spent 47 years in the investment business, beginning his career in municipal bonds in 1978. He hosts The Tom Dupree Show and manages client portfolios built around dividend- and interest-paying investments designed to produce retirement income. 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 Oil Spikes, Stocks Shrug: What the Market Is Really Telling You appeared first on Dupree Financial.

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.

RATES - moment of truth might be failing for bond buyers.OIL - Higher she heads into trend resistance. $110 in the cards?US DOLLAR - Dollar loves uncertainty...risk assets do not. $101.59 will be important.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

Most fiduciaries are handed enormous responsibility with almost no practical training. In this episode, you'll learn what it really means to be an “intelligent fiduciary” — and how to move beyond box‑checking to truly serving participants while protecting yourself from litigation.In this episode, Eric and Carol Buckmann discuss:Fiduciary training gap under ERISA and why it mattersThe three core traits of an “intelligent fiduciary”Practical RFPs and monitoring service providersProhibited transactions, 408(b)(2), and Cunningham v. CornellService provider myths and emerging risks in welfare benefit plansKey Takeaways:ERISA plan fiduciaries are held to some of the highest legal standards despite having no built-in requirement for training, which creates a potentially dangerous knowledge gap for committee members.An “intelligent fiduciary” is committed to best practices, prioritizes participants' interests above all else, and stays current on legal and investment developments.Regular RFPs and systematic evaluation of service providers are not optional extras; they are core fiduciary functions that often require outside experts to do well.Prohibited transaction rules are highly technical, and even arrangements that feel “fair” can be violations if they involve related parties and don't fit within an exemption.Welfare benefit plans and pharmacy benefit arrangements are becoming hot targets for litigation, making it increasingly important to have clear governance, disclosures, and specialized oversight.“You can't be an intelligent fiduciary if you don't engage outside experts when you need them.” - Carol BuckmannCarol Buckmann is a co-founding partner of Cohen & Buckmann p.c. and Chair of its Fiduciary and Plan Governance practice. With more than 40 years of experience, much of it at major law firms, she is widely recognized for her expertise in plan qualification and design, fiduciary responsibilities and investment fund formation, advising global and U.S. companies on complex problems. Carol writes for the firm's blog, Insights, contributes to Bar association comment letters and industry publications such as Law 360, Practical Law, and LEXIS Practice Advisor, and speaks frequently at industry events. She serves on Worldwide Employee Benefits' National Board and Law 360's Employee Benefits Advisory Board and has written a practical guide for fiduciaries available on Amazon called The Intelligent Fiduciary. Carol Buckmann is a co-founding partner of Cohen & Buckmann p.c. and Chair of its Fiduciary and Plan Governance practice. With more than 40 years of experience, much of it at major law firms, she is widely recognized for her expertise in plan qualification and design, fiduciary responsibilities and investment fund formation, advising global and U.S. companies on complex problems. Carol writes for the firm's blog, Insights, contributes to Bar association comment letters and industry publications such as Law 360, Practical Law, and LEXIS Practice Advisor, and speaks frequently at industry events. She serves on Worldwide Employee Benefits' National Board and Law 360's Employee Benefits Advisory Board and has written a practical guide for fiduciaries available on Amazon called The Intelligent Fiduciary. Author, The Intelligent Fiduciary- Your Guide to ERISA Fiduciary Duties.The Intelligent Fiduciary makes ERISA responsibilities easier to understand and apply. Learn more about the book here: https://us.amazon.com/Intelligent-Fiduciary-Practices-Navigating-Responsibilities/dp/B0HB5TLJ4F Connect with Carol Buckmann:Website: https://cohenbuckmann.com/carol-i-buckmann LinkedIn: https://www.linkedin.com/in/carol-buckmann-6b44276/ Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.c

RATES - US 10YR Yields are at a moment of truth! It would not be surprising to see them reverse and head lower over the next several weeks / months.GEOMETRIC - Value Line Geometric Index. Looks at the "middle stock". If the foundation of the market was cracking it would not look like it does today.BREADTH - While the S&P 500 has consolidated, the percentage of stocks to make a new 52-week high since March has continued to expand, rising from 35% at the S&P 500's last high to 46%.  Healthy.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

"I relate it to one of the Wizard of Oz characters... I've seen behind the curtain. I know how it's all put together."What happens when a man who spent nearly five decades inside every corner of the self-funded industry decides his final act is to give the playbook away?My guest this week is Charlie Gragg, a true first-generation veteran of self-funding. Charlie started in the late 1970s underwriting stop-loss cases on napkins from payphone booths, went on to run his own TPA, and has now semi-retired into a role he believes the industry desperately needs: the fiduciary co-pilot.He won't take your broker of record letter; he doesn't want it. Instead, he partners with brokers, consultants, and C-suite executives to build health plans from scratch, the way an owner would.If you're a broker who knows you have a ceiling on your self-funding expertise, this episode is your permission slip to get help. Tune in.Thank you to our 2026 sponsors!ParetoHealth: ParetoHealth empowers midsize employers with a long-term solution to reduce volatility and lower overall health benefits costs. Visit https://www.paretohealth.com/fully-insured-vs-self-funding-with-paretohealth-spencer-podcast/?utm_source=youtube&utm_medium=referral&utm_campaign=SelfFundedwSpencer to learn more.Samaritan Fund: A program that connects those who need help to the support they need. We are proud to offer the Samaritan Fund Program. Visit SamaritanFundProgram.com to learn more.Vālenz Health: We're Vālenz Health, your partner in improving health literacy, reducing plan spend, and delivering high-value healthcare. Visit ValenzHealth.com to learn more.Imagine360: Imagine360 helps self-funded employers save on healthcare with smarter health plans. Cut expenses by 20-30% with custom solutions. Contact us today at Imagine360.com.Chapters:(00:00:00) Intro: Behind the Curtain of Self-Funding(00:00:55) The Fiduciary Co-Pilot: Why Charlie Won't Take Your BOR(00:02:58) Charlie's Background: First-Generation TPA in the Late '70s(00:04:46) Napkin Underwriting and $2,000 Aggregate Stop-Loss(00:06:18) The Two Sales: Selling the Employer AND the Underwriter(00:07:20) Why the TPA Business Is So Hard to Do Right(00:11:27) The Fiduciary TPA: Accountant of the Health Plan(00:13:32) The 401(k) Parallel: Fiduciary Standards Are Coming for Brokers(00:14:43) Building Custom Plans vs. Buying the Box(00:16:25) Stop Haggling Over Stop-Loss — Solve the Claims Instead(00:18:46) Owning Your Stop-Loss Through a Group Captive(00:21:25) The 3-6 Month Setup: Finding Fiduciary Partners First(00:23:34) The One Question to Ask Every TPA(00:26:07) Why PBMs Need the Fiduciary Standard Too(00:28:01) Eating the Elephant: Meeting Employers Where They Are(00:30:56) Winning Over the C-Suite Before the HR Director(00:34:42) Claims Negotiators, Re-Pricers, and the Lost Art of the Phone Call(00:39:11) Do You Still Need a Carrier Network?(00:41:51) The Quality Anomaly: Why the Best Care Costs Less(00:43:34) DRG Bundles and the $20,000 Burn Unit That Never Was(00:46:52) Wellness, Behavioral Health, and the Loyalty Dividend(00:55:31) Building the Utopian Health Plan: The Blueprint(01:01:03) What's Missing? Belief.(01:04:18) The Future: Adoption in the Mid-Market(01:06:33) Closing Thoughts: The System Won't Fix ItselfKey Links for Social:@SelfFunded on YouTube for video versions of the podcast and much more - https://www.youtube.com/@SelfFundedListen/watch on Spotify - https://open.spotify.com/show/1TjmrMrkIj0qSmlwAIevKA?si=068a389925474f02Listen on Apple Podcasts - https://podcasts.apple.com/us/podcast/self-funded-with-spencer/id1566182286Follow Spencer on LinkedIn - https://www.linkedin.com/in/spencer-smith-self-funded/Follow Spencer on Instagram - https://www.instagram.com/selffundedwithspencer/

LEVERAGE - Leveraged ETFs only account for 0.25% of US market...and it's fallingVIX - Seasonality is good to know, but not be anchored toBONDS - More and more corelated with stocks. Don't ask how much in bonds you should own, but ask what should I own that don't all do the same thing!Become a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

BANKS - new all time high for Bank Index...not something consistent with a weak marketLEVERAGE - Not what the internet scary charts suggestOIL - Tested at $85...big test at $87-$94Become a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

"I relate it to one of the Wizard of Oz characters... I've seen behind the curtain. I know how it's all put together."What happens when a man who spent nearly five decades inside every corner of the self-funded industry decides his final act is to give the playbook away?My guest this week is Charlie Gragg, a true first-generation veteran of self-funding. Charlie started in the late 1970s underwriting stop-loss cases on napkins from payphone booths, went on to run his own TPA, and has now semi-retired into a role he believes the industry desperately needs: the fiduciary co-pilot.He won't take your broker of record letter; he doesn't want it. Instead, he partners with brokers, consultants, and C-suite executives to build health plans from scratch, the way an owner would.If you're a broker who knows you have a ceiling on your self-funding expertise, this episode is your permission slip to get help. Tune in.Thank you to our 2026 sponsors!ParetoHealth: ParetoHealth empowers midsize employers with a long-term solution to reduce volatility and lower overall health benefits costs. Visit https://www.paretohealth.com/fully-insured-vs-self-funding-with-paretohealth-spencer-podcast/?utm_source=youtube&utm_medium=referral&utm_campaign=SelfFundedwSpencer to learn more.Samaritan Fund: A program that connects those who need help to the support they need. We are proud to offer the Samaritan Fund Program. Visit SamaritanFundProgram.com to learn more.Vālenz Health: We're Vālenz Health, your partner in improving health literacy, reducing plan spend, and delivering high-value healthcare. Visit ValenzHealth.com to learn more.Imagine360: Imagine360 helps self-funded employers save on healthcare with smarter health plans. Cut expenses by 20-30% with custom solutions. Contact us today at Imagine360.com.Chapters:(00:00:00) Intro: Behind the Curtain of Self-Funding(00:00:55) The Fiduciary Co-Pilot: Why Charlie Won't Take Your BOR(00:02:58) Charlie's Background: First-Generation TPA in the Late '70s(00:04:46) Napkin Underwriting and $2,000 Aggregate Stop-Loss(00:06:18) The Two Sales: Selling the Employer AND the Underwriter(00:07:20) Why the TPA Business Is So Hard to Do Right(00:11:27) The Fiduciary TPA: Accountant of the Health Plan(00:13:32) The 401(k) Parallel: Fiduciary Standards Are Coming for Brokers(00:14:43) Building Custom Plans vs. Buying the Box(00:16:25) Stop Haggling Over Stop-Loss — Solve the Claims Instead(00:18:46) Owning Your Stop-Loss Through a Group Captive(00:21:25) The 3-6 Month Setup: Finding Fiduciary Partners First(00:23:34) The One Question to Ask Every TPA(00:26:07) Why PBMs Need the Fiduciary Standard Too(00:28:01) Eating the Elephant: Meeting Employers Where They Are(00:30:56) Winning Over the C-Suite Before the HR Director(00:34:42) Claims Negotiators, Re-Pricers, and the Lost Art of the Phone Call(00:39:11) Do You Still Need a Carrier Network?(00:41:51) The Quality Anomaly: Why the Best Care Costs Less(00:43:34) DRG Bundles and the $20,000 Burn Unit That Never Was(00:46:52) Wellness, Behavioral Health, and the Loyalty Dividend(00:55:31) Building the Utopian Health Plan: The Blueprint(01:01:03) What's Missing? Belief.(01:04:18) The Future: Adoption in the Mid-Market(01:06:33) Closing Thoughts: The System Won't Fix ItselfKey Links for Social:@SelfFunded on YouTube for video versions of the podcast and much more - https://www.youtube.com/@SelfFundedListen/watch on Spotify - https://open.spotify.com/show/1TjmrMrkIj0qSmlwAIevKA?si=068a389925474f02Listen on Apple Podcasts - https://podcasts.apple.com/us/podcast/self-funded-with-spencer/id1566182286Follow Spencer on LinkedIn - https://www.linkedin.com/in/spencer-smith-self-funded/Follow Spencer on Instagram - https://www.instagram.com/selffundedwithspencer/

The One Big Beautiful Bill has been in effect for a year — but are taxpayers actually seeing the benefits? In this episode of Dollars & Sense, Joel Garris and Christina Lamb break down the latest tax changes, including larger standard deductions, new rules for tips and overtime, the senior deduction, charitable giving updates, and the expanded SALT deduction. They also explain the newly launched Trump Accounts, including who may qualify for the $1,000 government contribution, how these accounts compare to 529 plans and custodial Roth IRAs, and why families should understand the rules before contributing. Plus, Joel and Christina discuss current market headlines, strong earnings season results, rising margin debt, leveraged ETFs, cryptocurrency volatility, and why investors should stay disciplined even when markets feel strong. If you want to better understand how recent tax law changes, family savings options, and investment risks may affect your financial plan, this episode is for you. Topics covered include: Trump Accounts, the One Big Beautiful Bill, 2026 tax deductions, senior tax planning, charitable giving rules, SALT deduction changes, earnings season, leveraged ETFs, margin debt, bitcoin volatility, and long-term investment discipline. 

Not all financial advisors operate under the same rules, or have the same legal obligation to put your interests first. In this week's show,  we explain the four primary types of financial advisors, including broker-dealers, insurance agents, registered investment advisors (RIAs), and do-it-yourself investing.  You'll also learn the differences between the fiduciary, Regulation Best Interest (Reg BI), and suitability standards, how advisors are compensated, the strengths and limitations of robo-advisors and AI, and the key questions every investor should ask before choosing someone to help manage their financial future. Listen in.  >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialpodcast.com Find us at: https://www.providencefinancialinc.com Get to know Anthony: https://anthonysaccaro.com Anthony's book: https://morelifethanmoneybook.com Amazon Author Page: https://amazon/author/anthonysaccaro YouTube: https://www.youtube.com/c/AnthonySaccaro/featured Radio: https://www.providencefinancialradio.com Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills Facebook: https://www.facebook.com/Providence.FinancialInc/ Twitter: https://twitter.com/AnthonySaccaro LinkedIN: https://www.linkedin.com/in/anthonysaccaro/  

Ever wondered what really happens when you try moving your parent into a retirement community—with all your siblings in tow? Buckle up as Kyle and Matt take you behind the scenes of a family “caste system,” where old roles reappear just in time for the stress, laughter, and chaos of helping Mom settle into her new independent life. If you're in that sandwich generation, stuck between raising kids and corralling parents, this episode's got stories (and confessions) you'll instantly relate to.But that's just a taste—this week, the guys uncover some surprising facts about what retirement actually costs, why most of us were never taught to budget (even finance grads!), and how “hope is not a strategy” when it comes to your money. Plus, meet the show's youngest team members and hear the real reason retirees have the best seat in the coffee shop. Ready for some laughs, a little tough love, and the financial “aha” moments you didn't know you needed? Hit play and join us for the ride!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 eight signature principles from DOL proposed guidance for investment selection. Key principles included evaluating problems before solutions, prudence in process versus loyalty in purpose, and the importance of checklists in organizing judgment but not replacing it.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.

OVERDONE - are the high beta names done correcting? GS High Beta Basket hitting levels not seens since 2009. Probably closer to a bottom than a top.ROTATION - positive rotation still happening with cyclicals still leading defensivesMAG7 - not lagging the semis anymore. Are we close to an announcement that the hyperscalers are ready to cut capex?Become a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

In this episode, Tom Hegna challenges advisors with the questions that matter most right now: Are you using AI, or avoiding it? Tom uses AI every day — building presentations in minutes, sharpening social posts, and coaching himself on strategy. His warning: advisors who say "I'm not AI" will get left behind. Would AI approve your plan? When a client runs your illustration through AI, does it endorse your work? Tom argues the fix is to feed it yourself and ask, "Is this the optimal solution for this client?" Are you still stuck on accumulation? Tom explains why retirement is about income and risk management, not rate of return — and why he had to make income "sexy" through mortality credits and the academic research behind them. Is your client's retirement riding on luck? Sequence-of-returns risk is "nothing more than good luck or bad luck." Tom explains why the solution is guaranteed lifetime income covering basic living expenses. Are you building a protection plan or just an investment plan? Tom breaks down the roles of income annuities, cash value life insurance, hybrid and traditional long-term care, and asset protection. Do you know what the big institutions are actually saying? BlackRock, Ernst & Young, Barclays, Goldman Sachs and the Wall Street Journal — none of them sell annuities, and all point toward guaranteed income. What should you stop doing? Sketchy IUL claims, underfunded UL policies sold on fantasy, and fixed index annuities built on manufactured or back-tested performance. **This is the Optimized Advisor Podcast, where we focus on optimizing the wellbeing and best practices of insurance and financial professionals. Our objective is to help you optimize your life, optimize your profession, and learn from other optimized advisors. If you have questions or would like to be a featured guest, email us at optimizedadvisor@optimizedins.com Optimized Insurance Planning

Flash forward 1 year  from our introduction of Donna's Book F-Words.  We had some focused fun conversation about two real estate related words of Fiduciary and Foundation(s).  Find out more about how our commitment to our clients, conversations with customers and the foundation we both work with to build with our varied clients within our market areas of Tucson and San Antonio. Donna Reed and Eric Seemann are both professional real estate agents. Donna lives and works in Tucson Arizona with Keller Williams Southern Arizona while Eric lives and works in San Antonio Texas with Keller Williams Heritage. They are also siblings, and they grew up in a small Northwest Ohio village of Lindsey. Their idyllic small-town childhood laid the foundation for what would become the structure of their lives and careers in real estate. We hope you will join us as we reminisce, reflect, and correlate how our childhood and life in rural Ohio still impacts our dealings with our clients today. Website:  www.realsiblings.com Watch Episodes on YouTube at:  REAL Siblings, It Ain't Easy   To reach out to Donna: Email:  donna@reedtucson.com Phone: (520) 631-4638 Facebook: (2) Donna Seemann Reed | Facebook   To Connect with Eric: Email:  eric@victorsgrouptx.com Phone: (210) 389-6324 Facebook: (2) Eric V. Seemann | Facebook Texas Real Estate Commission - Information About Brokerage Services Texas Real Estate Commission - Consumer Protection Notice    

CPI - Breadth falling...good for no hike? Maybe a cut?Strait of HormuzYield Curve - risingBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

What if the biggest advantage in today's markets isn't making more trades or winning every debate—but knowing when to step back? Lance Roberts & Jon Penn examine two powerful ideas: why constantly trying to be "right" can actually hurt investment returns, and how today's financial markets increasingly resemble gambling platforms fueled by constant speculation, options trading, prediction markets, sports betting, and cryptocurrencies. 0:00 INTRO 0:54 - Mixed Market & Heightened VIX on Semi-conductors 4:41 - Markets Trying to Breakout of Wedge 9:18 - Candid Coffee Tease 10:01 - The Challenge of Investing in Current Market 12:18 - The Velocity of Information Makes us Worse Investors 18:15 - Being an Unemotional Investor - Be Like Spock 24:08 - Don't Benchmark Portfolio to High Water Mark 24:35 - We've Been Bred to Compete 26:07 - Gamification of Markets - 7 Rules of Poker 29:19 - When Enough is Enough 34:57 - Spotting Bubbles 36:12 - Using AI for Financial Advice 40:54 - AI is Not a Fiduciary 42:55 - Burt's Question on Solo 401k's & Roths Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisor, Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/K-mLdepNr6Y?feature=share ------- Watch today's "Before the Bell" premarket commentary, "Oil, Chips, and a Market at Support," https://youtu.be/rk3wl-CHUKs ------- Watch our previous show, "Why Spotting Bubbles Is So Hard" https://youtube.com/live/7bEwrd8UCHM ------- Articles mentioned in this report: "Poker (Gambling) Can Teach You To Be A Better Investor" https://realinvestmentadvice.com/resources/blog/poker-gambling-can-teach-you-to-be-a-better-investor/ 'Spock And The Logic Based Approach To Volatility" https://realinvestmentadvice.com/resources/blog/spock-and-the-logic-based-approach-to-volatility/ "Spotting Market Bubbles: Why History Says It's Nearly Impossible" https://realinvestmentadvice.com/resources/blog/spotting-market-bubbles-why-history-says-its-nearly-impossible/ --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Candid Coffee, "Narrative Busters: Market Stories Investors Should Approach With Caution," Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #Semiconductors #OilPrices #TechnicalAnalysis #Investing #BehavioralFinance #LongTermInvesting #RiskManagement #WealthBuilding

In this episode, Suzanne Spradley and Chase Cannon discuss the usage of artificial intelligence (AI) in plan-related administrative tasks. Suzanne begins with an outline of how carriers, vendors, TPAs, and employers as plan sponsors are currently using AI. Suzanne and Chase discuss the impact AI might have on an employer plan sponsor's ERISA fiduciary obligations, including the duties of prudence, loyalty, and monitoring, particularly in the context of adverse benefit determinations. The two close with a discussion on AI's impact on other compliance laws, including HIPAA and the mental health parity rules.

Mid-TermUS DollarKospiBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

Oil - doing what I said it might doCPI - deceleration...should not be a surpriseConcentration - we don't have that concentrated of a market. Stop listening to the media. Become a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

Summer is the perfect time to pause, reset, and make sure your money is still working for you. In this episode of Dollars & Sense, Zach Keister and Kristin Kalley walk through practical midyear money moves that can help you review your financial goals, get organized, and protect your household from costly mistakes. First, they cover how to run a simple midyear money reset by reviewing what came in, what went out, what you owe, and what you have saved. Then, they discuss why credit card debt can quietly build during the summer, how to create a realistic payoff plan, and how small spending “speed bumps” can help reduce impulse purchases. The conversation also covers financial loose ends that are easy to put off but important to review, including beneficiary designations, old retirement accounts, estate planning documents, and account consolidation. Finally, Zach and Kristin shift into cybercrime awareness, sharing key takeaways from the FBI internet crime report, including how AI is making scams more convincing, why younger people are increasingly being targeted, how government impersonation scams are evolving, and why crypto fraud is driving major losses. If you are looking for practical personal finance tips, ways to pay down debt, or reminders to protect your family from financial scams, this episode is a great place to start. In this episode: midyear financial reset, credit card payoff strategies, budgeting tips, retirement account cleanup, beneficiary reviews, estate planning basics, cybercrime prevention, AI scams, government impersonation scams, and cryptocurrency fraud awareness.

Although financial markets have been volatile, the economic and corporate fundamentals supporting growth remain resilient. In our latest Market Outlook podcast, Fiduciary's Chief Investment Officer, Frank Brochin, examines the forces driving today's economy and markets, including large-scale investment in AI and data center infrastructure, strong corporate earnings, resilient labor markets, and evolving geopolitical developments.   

In this episode of Friday Fiduciary Five, Eric Dyson talks about the DOL's proposed guidance on investment selection for defined contribution plans, based on over 40,000 public comments. He outlines eight signature principles, emphasizing that examples should inform fiduciary judgment but not define it.This episode discusses the DOL's use of examples in their guidance and how they should be interpreted to inform fiduciary judgment and not replace it.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.

Lucas Casarez, a CFP®️ professional and founder of Level Up Financial Planning, hosts Techie Personal Finance Boot Camp and explains how tech professionals can choose the right financial advisor, comparing the process to researching stroller features and price points. He introduces five key questions to ask when interviewing advisors: 1. Whether they are a fiduciary versus operating under a suitability standard (including the complications of hybrid advisors)2. What types of clients they specialize in (such as tech, teachers, or medical professionals)3. What areas of financial planning they provide value beyond investments (including savings, behavior, taxes, debt, and comprehensive planning)4. What their cost structure is (fee-only, fee-based, or commission-based “free” models)5. What happens if the advisor leaves the company, contrasting independent firms with large institutions. He invites listeners to reach out, schedule a meeting, and share interview guest recommendations.

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

More than 10,000 companies have been certified as B Corps, which requires them to change their legal structures to ensure their boards consider all stakeholders, not just shareholders; measure and manage impact; and commit to continuous improvement. On this week’s episode of the ESG Currents podcast, Clay Brown, chief standards officer at B Lab, joins Eric Kane, Bloomberg Intelligence director of ESG research, to discuss how companies balance fiduciary responsibilities with commitments to people and the planet. They also explore the biggest risks and opportunities for B Corps today, how the B Corp standards have changed over time, and much more.See omnystudio.com/listener for privacy information.

KOSPI - something wicked this way comes? or buying opportunityTECH - Breadth smells bad. 59% of tech stocks in S&P 500 are in bear territoryS&P 500 Breadth - Hitting All time highs! Makret as a whole not rolling over.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

Is Social Security really running out? And if changes are coming, what should you be doing now to prepare for retirement? In this episode of Dollars & Sense, Rob Field and Chet Cowart of Nelson Financial Planning break down the latest Social Security Trustees Report and explain what it may mean for future retirees. They discuss why Social Security is not expected to disappear entirely, what could happen if no changes are made, and why it is more important than ever to build a retirement income plan that goes beyond one source of income. Rob and Chet also cover the importance of employer retirement plans, IRAs, Roth options, systematic investing, diversification, market expectations, AI and technology exposure, and how to answer the big retirement question: “Do I have enough?” Whether you are decades away from retirement or already thinking about turning your savings into income, this episode offers practical insight into how Social Security, investments, budgeting, taxes, risk tolerance, and lifestyle goals all work together in a successful retirement plan. In this episode, you'll learn: What the latest Social Security Trustees Report says about the future of benefits Why Social Security should be one part of a broader retirement income strategy How workplace retirement plans, IRAs, Roth accounts, and brokerage accounts can support your long-term goals Why systematic investing and “paying yourself first” can help build strong financial habits How diversification can help manage risk during changing market conditions Why retirement planning is about more than reaching a single account balance If you have questions about Social Security, retirement income planning, or how your investment strategy fits into your long-term goals, contact Nelson Financial Planning. We're here to help you make sense of life's decisions involving your dollars.

In this episode of Friday Fiduciary Five, Eric Dyson talks about the importance of prudence and loyalty working together in fiduciary duties, emphasizing that prudence focuses on process while loyalty focuses on purpose. He references 29 U.S. Code § 1104, highlighting the statutory definitions of prudence and loyalty. Eric stresses that fiduciary duties, including prudence, loyalty, diversifying assets, and following the plan document, must be for the exclusive benefit of participants. 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.

In this episode of Dollars & Sense, Joel Garris of Nelson Financial Planning covers a packed lineup of financial topics—from market volatility and index changes to summer travel planning and a potentially significant tax refund opportunity.First, Joel discusses the recent uptick in market volatility, including how AI-related spending, semiconductor stocks, and market concentration are affecting investor conversations. He also explains the upcoming Russell 1000 Growth and Russell 1000 Value reconstitution, why major companies like Apple, Microsoft, Amazon, and Alphabet may shift within these indexes, and what that could mean for investors who own index funds or ETFs.Next, with summer vacation season in full swing, Joel shares practical ways to vacation smarter. From building travel into your monthly budget to choosing less expensive travel dates, considering less touristy destinations, planning for the full cost of the trip, and using credit card rewards carefully, this segment offers timely tips for enjoying a vacation without creating financial stress afterward.Finally, Joel breaks down a recent court decision, Kwong v. United States, that may create a potential refund opportunity for taxpayers who paid certain IRS penalties or interest related to tax years 2019 through 2022. He explains why the July 10 deadline matters, what a protective claim is, and why taxpayers may need to act to preserve their rights while the issue continues through the appeals process.Topics covered in this episode:Market volatility, AI spending, semiconductor stocks, and the Russell index reconstitutionSmart summer vacation planning and ways to reduce travel costsThe Kwong v. United States tax case and potential refund claims for IRS penalties and interest

Ready to take a pit stop on your retirement journey? This week on "Your Retirement Highway," Matt Allgeyer is flying solo and diving deep into one of those topics everyone buys but nobody fully understands—long-term care. Whether you're cruising toward retirement or just merging onto the highway, Matt's got real-life stories, unexpected laughs, and surprising truths that might just make you rethink your future. Why do antique mall coasters cost $45 anyway? And more importantly, what happens when you need help with life's daily basics?Think you're prepared for whatever retirement throws your way? Think again. Discover the essentials most people overlook, the triggers behind insurance policies, and—and here's the big secret—a few options that could change how you protect yourself and your family. Matt's pulling over, slowing things down, and giving you just enough to keep you on the edge of your seat. Tune in, learn why a plan beats a product, and find out how your retirement may hinge on decisions you haven't even considered yet!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 proposed Department of Labor (DOL) guidance on investment selection in defined contribution plans, emphasizing the importance of defining the problem before evaluating solutions. The DOL's guidance aims to allow for innovation and a path for different asset types in 401(k) plans without over-defining prudence.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.

By 2048, an estimated $124 trillion will change hands — the largest transfer of wealth in human history. Roughly $105 trillion to heirs, $18 trillion to charity. And here's the uncomfortable truth: about 70% of family wealth disappears by the second generation, and 90% is gone by the third.In this week's Money On Tap, Ben Brayshaw and Dan Michelon dig into what the great wealth transfer really means — not for the economy, but for your family. They unpack why wealth preservation is far more behavioral than investment-driven, what the Vanderbilts got wrong and the Rockefellers got right, and the Warren Buffett principle every parent and grandparent should know. Most importantly, they walk through the four conversations every family needs to have before the money moves — and the simple first step you can take this week.What you'll learn:Why $124 trillion in motion could be a generational blessing — or a great wealth disasterThe statistic that should stop every family cold: 70% gone by generation two, 90% by generation threeWhy wealth preservation is behavioral, not investment-drivenThe tale of two fortunes: Vanderbilt vs. RockefellerThe four conversations every family must have before the transferA practical first step you can take this week — and the BFG white paper that helps you run your own family meetingPlus Money In The News:General Motors and Lockheed Martin announce a new multi-billion-dollar defense manufacturing partnershipJeff Bezos proposes eliminating federal income taxes for the bottom half of U.S. earners — and what it would actually mean“The job interview is broken”: how AI is reshaping hiring on both sides of the tableRead the companion blog: https://www.brayshawfinancial.com/blog Schedule a free consultation: https://app.greminders.com/t/9f3ce72e/initialconsulta Browse the full Money On Tap library: https://www.brayshawfinancial.com/money-on-tapContact Us - Phone: 855-226-8551 - Email: info@yourmoneyontap.com - Office: 116 South River Road, Bedford, NH 03110 - Web: brayshawfinancial.comSecurities and advisory services offered through Osaic Wealth, Inc., member FINRA/SIPC. All other services offered through Brayshaw Financial Group, LLC are independent of Osaic Wealth, Inc.If the S&P 500 is up 10%, why isn't my portfolio?Because the S&P 500 is cap-weighted: seven stocks absorb about a third of every dollar, and the top 10 holdings make up 35–55% of most S&P funds. In 2026 those mega-caps lagged — the Mag Seven are collectively negative — while sectors like energy (+28.1%) and technology (+26.8%) led. If your ETFs overlap in the same top names, you own the laggards several times over. The fix starts with knowing what you actually own.

A lot of people are breathing, but very few are really living. In this conversation, listeners are challenged to move beyond success and existing and to become leaders of character who get life right before it's too late.In this episode, Eric and Dr. John discuss:Shortness of life and living with purposeCrisis of character and influence in leadershipThe Gathering and holistic development of menTime and truth are the rare gifts of real mentorsThe Four Priorities and faith‑driven leadershipKey Takeaways:Life is fragile and short, and ignoring that reality leads to wasted years rather than intentional living.There is a vast difference between existing and truly living with purpose, and many high performers are stuck in mere existence.Character, not platform or talent, is the foundation of meaningful leadership at home, at work, and in the community.The rare people who offer both time and truth can radically alter the trajectory of a life; becoming one of those people is a high calling.A well‑ordered life flows from clear priorities—spiritual, personal, relational, and missional—that anchor leaders in something deeper than success.“There is a difference between existing and living. Most people that I know in our country exist; they have really not found life.” - Dr. John TolsonDr. John Tolson is a nationally recognized leadership mentor, speaker, author, and founder of The Tolson Group. For more than four decades, he has helped develop leaders in business, athletics, ministry, and the nonprofit sector, impacting hundreds of thousands of people through his teaching, coaching, and leadership development initiatives. Through The Gathering, a movement he founded, nearly one million individuals have been influenced by his approach to leadership, personal growth, and intentional mentoring.John has served as a trusted mentor to senior executives, professional athletes, and influential leaders across the country. He pioneered one of the first chaplain programs in the NBA and has worked with organizations and teams, including the Houston Rockets, Orlando Magic, and Dallas Cowboys. His leadership insights have also been sought by major corporations such as Walt Disney World and IMG, where he has delivered keynote presentations on leadership, influence, and personal development.He is the author of Take A Knee and co-author of The Four Priorities, books that challenge leaders to build lives of purpose, impact, and lasting influence. Please welcome Dr. John Tolson.Connect with Dr. John Tolson:Website: https://thetolsongroup.com/ 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.

As parents, it's natural to want to help your children—especially when they're facing financial challenges. But when that support becomes open-ended, it can create serious risks for your retirement, your emergency fund, your credit, and even your family relationships.In this episode of Dollars and Sense, Joel and Zach discuss five ways helping adult children can unintentionally hurt your retirement plan. They cover how financial support can affect family dynamics, create sibling tension, reduce retirement contributions, drain emergency savings, and increase debt or credit risk.The goal isn't to stop helping your kids. It's to help wisely—with structure, boundaries, and a clear understanding of how today's generosity could impact tomorrow's financial security.If you're a parent, pre-retiree, or retiree trying to balance generosity with long-term financial stability, this conversation is for you.Thinking about moving to a 55+ community? Before you make the leap, there are a few important questions to ask yourself—because this decision is about much more than buying a new home.Joel and Zach discuss the lifestyle, financial, emotional, and long-term planning considerations that come with moving into a 55+ community. From downsizing and HOA fees to social activities, aging in place, and making sure you and your partner are on the same page, this conversation is designed to help you think clearly before making a major life transition.A 55+ community can offer convenience, connection, and a fresh start—but it may also require trade-offs. The key is knowing whether the community fits your finances, personality, lifestyle, and future needs.In this episode, we cover:Whether you're truly ready for a lifestyle changeThe emotional and practical side of downsizingGiving up yardwork, gardening, and home maintenanceUnderstanding HOA fees and service-based costsSocial opportunities and privacy considerationsMaking sure you and your partner are alignedPlanning for aging in place and long-term comfortIf you're retired, nearing retirement, or helping a loved one consider their next move, this episode will give you helpful questions to consider before choosing a 55+ community.

#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