Podcasts about Fiduciary

Renzo Luzzatti, Founder and CEO of US-Rx Care, discusses the role and practice of the Pharmacy Benefits Managers and the advantages of working with a company that uses a fiduciary model. Inherent conflicts of interest in the traditional PBM model, such as manufacturer rebates and requirements to use PBM-owned pharmacies, drive up prescription drug costs. US-Rx Care eliminates these conflicts by charging a flat administrative fee with its sole incentive to lower drug costs for the plan and its members. Renxo explains, "We've been around since 2007. We do have about 5 million lives under management, both self-funded employers, which is the bulk of our business. Then we also tap into Medicare health plans and have some programs and offerings that we assist there to lower costs and improve the quality of care. Our approach is unique in that we've taken a fiduciary stance from day one. We can talk about that in a little bit. It is a legal term. It's defined under ERISA, which governs health plans. They have a fiduciary duty to the plan, the members, and the management of the plan assets. And the industry as a whole has shied away from any fiduciary obligation whatsoever, in part because it's rife with conflicts of interest, and you cannot have conflicts of interest as a fiduciary."   "That is really at the core of all of the issues and complaints that we're hearing about PBMs - they're driving up the cost of prescriptions rather than having the intended effect, which is to reduce the cost of prescriptions. And I would say in the last four or five years, employers have really started to ask the right questions because they're becoming more and more educated."   "For folks like us, we're growing like crazy because the industry finally gets that. The deal that they were getting through their traditional model is not so good. The other thing is when we move to a fiduciary model, savings are typically in the realm of 30% to 50% in the first year, and then we typically see additional savings in year two and three, and then after that, the goal and the intent, which we've been successful at, is to keep costs stable."  #USRxCare #PBM #PharmacyBenefits #EmployeeBenefits #HealthcareCosts #FiduciaryResponsibility #BenefitsConsulting #HealthcareTransparency #CostContainment #SelfFundedEmployers #HealthcareReform usrxcare.com Download the transcript here 

Renzo Luzzatti, Founder and CEO of US-Rx Care, discusses the role and practice of the Pharmacy Benefits Managers and the advantages of working with a company that uses a fiduciary model. Inherent conflicts of interest in the traditional PBM model, such as manufacturer rebates and requirements to use PBM-owned pharmacies, drive up prescription drug costs. US-Rx Care eliminates these conflicts by charging a flat administrative fee, with its sole incentive to lower drug costs for the plan and its members. Renxo explains, "We've been around since 2007. We do have about 5 million lives under management, both self-funded employers, which is the bulk of our business. Then we also tap into Medicare health plans and have some programs and offerings that we assist there to lower costs and improve the quality of care. Our approach is unique in that we've taken a fiduciary stance from day one. We can talk about that in a little bit. It is a legal term. It's defined under ERISA, which governs health plans. They have a fiduciary duty to the plan, the members, and the management of the plan assets. And the industry as a whole has shied away from any fiduciary obligation whatsoever, in part because it's rife with conflicts of interest, and you cannot have conflicts of interest as a fiduciary."   "That is really at the core of all of the issues and complaints that we're hearing about PBMs - they're driving up the cost of prescriptions rather than having the intended effect, which is to reduce the cost of prescriptions. And I would say in the last four or five years, employers have really started to ask the right questions because they're becoming more and more educated."   "For folks like us, we're growing like crazy because the industry finally gets that. The deal that they were getting through their traditional model is not so good. The other thing is when we move to a fiduciary model, savings are typically in the realm of 30% to 50% in the first year, and then we typically see additional savings in year two and three, and then after that, the goal and the intent, which we've been successful at, is to keep costs stable."  #USRxCare #PBM #PharmacyBenefits #EmployeeBenefits #HealthcareCosts #FiduciaryResponsibility #BenefitsConsulting #HealthcareTransparency #CostContainment #SelfFundedEmployers #HealthcareReform usrxcare.com Listen to the podcast here 

Unlock Savings, Outsmart Scammers, and Take Control of Your Taxes Ready to make your taxes work for you—and not just for Uncle Sam? Join us for a deep dive into the tax credits millions of Americans overlook every year, costing them real money. We break down what credits matter most, how simple life changes—like saving for retirement, child care, and home improvements—can put cash back in your pocket, and why planning ahead is your strongest tool. But we don't stop there: Tax season is a prime time for scammers, and they're getting more sophisticated. Discover the five most common scams circulating this year—from IRS impersonators and fake refund offers to ghost preparers and phony charities. We share actionable steps to protect your identity, your refund, and your peace of mind. Whether you're a busy professional, retiree, or small business owner, this episode gives you the knowledge and confidence to maximize your savings, avoid costly mistakes, and stay safe. Tune in, take notes, and share with someone you care about—because awareness is the best defense we have. 

For a demo of the Behavioral Governance Special Purpose Avatar - contact Eric Dyson at edyson@90northllc.com Don Trone, GFS™, is the CEO of the Behavioral Governance Institute (BGI), where he leads the development of Special Purpose Avatars (SPAs) designed to accelerate the professional development of leaders, stewards, and fiduciaries with governance responsibility. Widely known as the “Father of Fiduciary,” he has spent decades shaping fiduciary standards and governance practices. He was the founding CEO of fi360, the Center for Board Certified Fiduciaries, and the Foundation for Fiduciary Studies, and previously directed the Institute for Leadership at the U.S. Coast Guard Academy.A former U.S. Coast Guard helicopter rescue pilot, Don brings real-world experience from high-stakes environments to his focus on clarity, foresight, and accountability in governance. He has also testified before the U.S. Senate Finance Committee and the Department of Labor on fiduciary best practices.In this episode, Eric and Don Trone discuss:The origins of the Behavioral Governance Institute and why fiduciary standards alone are not enoughHow leadership behaviors and decision-making frameworks influence retirement outcomesThe development of “Special Purpose Avatars” is designed to support governance professionalsHow AI-powered avatars can deliver personalized professional development and trainingKey Takeaways:Behavioral governance expands the traditional fiduciary framework. Instead of focusing only on procedural prudence, it integrates leadership, judgment, ethics, and decision-making into governance responsibilities.AI-powered avatars are emerging as powerful tools for professional development. By curating expert knowledge in closed systems, these avatars help professionals strengthen their understanding of complex governance and fiduciary responsibilities.The future of professional education is shifting from traditional classroom-style programs to on-demand learning experiences. AI avatars enable a “Netflix-style” training model where professionals control when, how, and what they learn.Mastery-based learning loops represent a major advancement in professional education. Instead of allowing professionals to pass certification tests with partial understanding, avatars keep users in a training loop until they demonstrate full mastery of the subject.“If we had a better understanding of how certain leadership behaviors impact the quality of decision-making outcomes, we could have a material positive impact on the management of investment decisions.” - Don TroneConnect with Don Trone:Website: https://www.3ethos.com/ LinkedIn: https://www.linkedin.com/in/don-trone-89873013/ 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 special edition of the 401(k) Specialist Podcast—part of our Deep Dive series on “How Not to Get Sued”—Editor-in-Chief Brian Anderson sits down with legendary ERISA attorney Fred Reish to examine how fiduciary risk is evolving in today's regulatory and litigation environment.Now serving as Director of Fiduciary and ERISA Practice at Prime Capital Retirement, Reish shares insights on the shifting landscape of ERISA litigation, emerging concerns around private assets in 401(k) plans, and the Department of Labor's evolving posture under the second Trump administration.The conversation also explores artificial intelligence, pooled employer plans, in-plan lifetime income solutions, and what fiduciaries should be watching next for fiduciary risk. For advisors and plan sponsors focused on protecting participants—and protecting themselves—this is essential listening.

When you hire someone to help with your money, you probably assume they're legally required to act in your best interest. But here's the catch: not all financial professionals are held to the same standard. In this episode, David breaks down the often-confusing distinction between brokers and fiduciaries, and why it matters for your retirement confidence. Here's some of what we discuss in this episode: ⚖️ The legal difference between brokers and fiduciaries

This week's episode of Dollars & Sense dives into the headlines shaking up the financial world—from the U.S. and Israel's military action in Iran and rising oil prices to the launch of new “Trump accounts” for minors and the dreaded IRMAA Medicare adjustments. Joel Garris and Rob Field break down the immediate market reactions, share personal stories (including a real-life gas price dilemma), and offer practical, calm action steps for investors facing uncertainty. Learn how historical market shocks recover, why diversification beats prediction every time, and what you need to know about setting up Trump accounts for your kids—including how to snag up to $1,000 free from the government. Plus, get expert insight on IRMAA: how your income can unexpectedly bump up Medicare premiums and shrink your Social Security check—along with proactive tips to avoid getting caught off guard. Whether you're worried about your portfolio, planning for your child's financial future, or wondering how to navigate Medicare surcharges, this episode is packed with timely advice and actionable strategies. Tune in for relatable stories, clear explanations, and a holistic approach to making sense of your dollars in uncertain times. Don't miss out—your financial peace of mind might be just one listen away. 

https://vimeo.com/1171579382?share=copy&fl=sv&fe=ci https://www.currentfederaltaxdevelopments.com/podcasts/2026/3/8/2026-03-09-sir-you-are-about-to-lose-your-passport This week we look at: Fiduciary and Beneficiary Liability for Unpaid Estate Taxes Retroactive Entity Classification and Partnership Basis 2026 Passenger Auto Depreciation Limits Passport Certification & Victimization Defenses Passport Revocation in Collection Suits Waiver of Foreign Earned Income Exclusion Time Rules New Digital Asset Reporting Landscape (Form 1099-DA)

This week we look at: Fiduciary and Beneficiary Liability for Unpaid Estate Taxes Retroactive Entity Classification and Partnership Basis 2026 Passenger Auto Depreciation Limits Passport Certification & Victimization Defenses Passport Revocation in Collection Suits Waiver of Foreign Earned Income Exclusion Time Rules New Digital Asset Reporting Landscape (Form 1099-DA)

Picture this: a 6'5" financial advisor squeezed into a tiny Mitsubishi Mirage, sparking laughter and life lessons on the highway. In this episode, Matt and Kyle kick things off with stories that just might make you spit out your morning coffee—and then swiftly steer you into the realities of retirement planning. How much should you actually be saving? Is your money destined for growth, or is it languishing in the financial equivalent of a go-kart? The answers are more surprising—and accessible—than you think.But don't get too comfortable in the passenger seat. From overlooked Roth strategies to the pitfalls of easy credit, the guys share candid stories and clever tips that could make the difference between retiring early or scrambling late. Whether you're starting out or thinking of changing lanes, they'll tease out truths you won't want to miss. So buckle up—because this episode packs both humor and hard-won wisdom, and the ride is just getting started.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.

From bright fishing lures to bold financial claims, this episode reveals why some private offers look irresistible and how retail investors get pulled into high-risk waters without realising it. Tim and Nick shed light on wholesale certifications, liquidity traps, and explore how behavioural biases like greed and familiarity are exploited. Find out the questions every investor should ask before they sign and the simple due diligence habits that protect everyday investors.(00:01:46) Identifying modern investment lures (00:02:01) Moving up the risk curve without realising (00:03:00) Regulator warnings and real-world examples (00:03:19) Liquidity traps and investor misconceptions (00:04:54) Behavioural biases in investing (00:05:39) Return chasing and historical lessons (00:06:22) Wholesale investor certifications (00:08:53) Private equity risks and lack of recourse (00:09:16) Due diligence essentials for private offers (00:10:41) Recognising too good to be true offers (00:10:54) Fiduciary standards like Cefex (00:13:11) Ignoring environmental and insurance risk (00:13:25) Boringly effective investing habitsNick's book recommendation: Jerusalem by Simon Sebag Montefiore | Paper PlusMusic: No Telling When The Muttonbirds The Adviser Talk is available on all major streaming platforms, including Spotify and Apple Music.Nick Stewart (Ngāi Tahu, Ngāti Huirapa, Ngāti Māmoe, Ngāti Waitaha) is a Financial Adviser and CEO at Stewart Group, a Hawke's Bay and Wellington-based CEFEX-certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, Wealth Management, Risk Insurance and KiwiSaver solutions.The information provided, or any opinions expressed in this show, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from an Authorised Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visit our website, www.stewartgroup.co.nz Hosted on Acast. See acast.com/privacy for more information.

Ready to safeguard your finances and make confident life transitions? In this must-listen episode of Dollars & Sense with Joel Garris, Joel dives into two of today's most important money topics: protecting yourself from modern scams and preparing for a move to a retirement care community. 

Ready to unravel the mystery of retirement planning? Join Matthew Allgeyer and Kyle Jones on this episode of Your Retirement Highway as they steer you clear of common pitfalls and talk candidly about why just having financial products won't get you to your dream destination. They'll share unexpected stories (think mole sanctuaries and questionable lawn fertilizer habits) and draw clever parallels between building a house and setting up your future, all while keeping things lively and relatable. You'll find out why your retirement might be stuck in neutral and what it really takes to shift gears.Wondering if you've got enough to retire—or when you even should? This episode dives into the difference between a junk drawer of investments and a blueprint that paves the way to lasting financial security. Tune in for practical tips, laughs, and a bit of tough love from St. Louis' longest-running retirement radio duo. The answer to your biggest questions might be closer than you think, but you'll have to listen to find out!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.

Paul Auslander, President of SeaBridge Private Wealth, a division of SeaBridge Investment Advisors LLC joins the Chuck Toddcast for a wide-ranging conversation about the intersection of money, markets, and the current political moment. Auslander walks through how the political climate now factors directly into financial planning projections, noting that European indices doubled the S&P's performance last year as capital flows shift overseas, and that a growing number of wealthy clients are hedging by moving money out of the United States. He offers candid takes on the issues keeping investors up at night: the inevitability of Social Security cuts (though he argues simply pushing retirement age from 67 to 69 would stabilize the fund), the likely future of Social Security privatization, crypto's evolution from a technological revolution into a special interest that bought its own policy outcomes, and whether there's money to be made off bad Trump policies that are likely to be reversed. Auslander also explains why the bond market is a better barometer of economic health than the stock market, why private equity is sitting on mountains of sidelined capital, and why he remains cautiously bullish on 2026 — largely because AI is only in the "second inning" and massive disruption is still ahead. The conversation also ventures into territory financial planners don't usually discuss publicly. Auslander addresses whether the wealthy are worried the "pitchforks are coming for them," pointing to economic anxiety driving a spike in gun sales and a pop culture landscape that increasingly portrays corporations and the ultra-rich as villains. He breaks down the rise of family offices — private wealth management firms for the ultra-wealthy that take a long-term investment view — and explains why companies increasingly choose to stay private thanks to nearly unlimited private capital, rather than face the scrutiny of public markets. They also dig into the generational divide between investing and gambling, the casino-like nature of prediction markets, and the burden that post-Lehman Brothers insurance and regulatory requirements have placed on small businesses and regional banks that had nothing to do with the 2008 financial crisis. Auslander closes with a pointed message: that Fed independence and the rule of law are paramount to economic stability, and that centrism — not ideological extremism — remains the best way to run the country. Go to https://zbiotics.com/CHUCKTODDCAST and use CHUCKTODDCAST at checkout for 15% off any first time orders of ZBiotics probiotics.” Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. Thank you Wildgrain for sponsoring. Visit http://wildgrain.com/TODDCAST and use the code "TODDCAST" at checkout to receive $30 off your first box PLUS free Croissants for life! Link in bio or go to https://getsoul.com & enter code TODDCAST for 30% off your first order. American Finance Disclaimer: NMLS 182334, nmlsconsumeraccess.org. APR for rates in the 5s start at 6.196% for well qualified borrowers. Call 866-885-1081, for details about credit costs and terms. Or https://apply.americanfinancing.net/thechucktoddcast Timeline: (Timestamps may vary based on advertisements) 00:00 Paul Auslander joins the Chuck ToddCast 01:30 Paul’s origin story 02:45 Financial planning was mostly done by insurance companies in 70’s 03:30 Northerners move to FL for taxes & weather, but FL is pushing it socially 06:00 Fiduciary responsibility is the line of demarcation in financial planning 07:00 Factoring the political climate into financial planning projections 08:30 European index doubled the performance of the S&P last year 09:30 Tax policy is generally the biggest concern for investors 12:00 A cut to social security payments is bound to happen 13:00 If you push retirement from 67 to 69 the SS fund becomes healthy 15:15 Social security privatization likely to happen in the future 17:15 Money to be made off bad Trump policies that are likely to go away? 18:15 Crypto became a special interest & bought support for pro crypto policy 20:00 Crypto is a revolution that predates Trump & will outlast him 21:30 Lesson to be learned from rise then collapse in price of silver? 22:30 Central banks are buying silver, gold and assets 24:00 How many people are hedging by moving money out of the U.S.? 24:45 Europe is spending big money on arms & infrastructure 26:00 Definition of a “Family Office” 28:30 Family office investments are increasingly popular & take the long view 30:00 Are the investors/wealthy worried the pitchforks are coming for them? 31:30 Economic anxiety driving a spike in gun sales 33:00 Pop culture portrays corporations & wealthy as the villains 34:30 Private equity has a lot of money on the sideline, looking for investments 37:30 The burden of insurance requirements on small business 40:00 Small & regional banks paying for the sins of Lehman Brothers 41:00 Companies stay private due to near unlimited private capital 41:45 Do young people like investing… or do they just like gambling? 42:45 Thoughts on prediction markets? 44:00 There’s a casino like approach to certain markets 45:15 If the house flips, you could see money get withdrawn from markets 46:30 How do Trump’s relationships with world leaders affect projections? 47:45 The bond market is more indicative of economic health than stock market 48:45 Uncertainty will impact earnings 49:15 Why are you feeling bullish on 2026? 51:30 AI is only in the 2nd inning. Disruption is coming 54:30 Thom Tillis sounds like a different man now that he’s retiring 55:30 Centrism seems like the best way to run the country 57:30 AI won’t be replacing financial advisors anytime soon 59:45 What’s one question you want every presidential candidate to answer? 1:00:15 Fed independence and rule of law are paramountSee omnystudio.com/listener for privacy information.

In this episode recorded immediately after Trump's record-breaking 108-minute State of the Union address, Chuck Todd argues that while Trump's base will love the "own the libs" moments — from trolling Democrats in the chamber to the raucous "USA" chants from Republicans — the speech was fundamentally a missed opportunity that did nothing to help the GOP heading into the midterms. He contends that Trump chose to be a party leader rather than a president, turning the address into something resembling an award show by packing it with medal presentations, the Olympic men's hockey team, honorees who deserved more dedicated recognition rather than being used as applause props in an already bloated speech. He argues that Trump's tone on the economy couldn't have been worse for Republicans: with his approval at 60% disapproval and the Supreme Court having just struck down his tariffs days earlier, Trump barely addressed voters' core concerns about costs and affordability, instead declaring a "turnaround for the ages" that doesn't match most Americans' lived experience. He notes Trump’s highlighting of Iran's ballistic missiles sounded like a pretext for war that won't play well with parts of his own base. He praises Virginia Governor Abigail Spanberger's Democratic response as simple and effective — particularly her pointed questions about whether the president is actually working to make life more affordable — and argues she clearly won over independents. He closes with a bigger-picture observation: that there's a 60% majority coalition available on populist economic issues like protecting the safety net from cuts to fund tax breaks for the wealthy, but that Democrats still have a damaged brand despite Trump's terrible numbers, and that voters who thought they were getting first-term Trump are reckoning with something very different. Then, Paul Auslander, President of SeaBridge Private Wealth, a division of SeaBridge Investment Advisors LLC joins the Chuck Toddcast for a wide-ranging conversation about the intersection of money, markets, and the current political moment. Auslander walks through how the political climate now factors directly into financial planning projections, noting that European indices doubled the S&P's performance last year as capital flows shift overseas, and that a growing number of wealthy clients are hedging by moving money out of the United States. He offers candid takes on the issues keeping investors up at night: the inevitability of Social Security cuts (though he argues simply pushing retirement age from 67 to 69 would stabilize the fund), the likely future of Social Security privatization, crypto's evolution from a technological revolution into a special interest that bought its own policy outcomes, and whether there's money to be made off bad Trump policies that are likely to be reversed. Auslander also explains why the bond market is a better barometer of economic health than the stock market, why private equity is sitting on mountains of sidelined capital, and why he remains cautiously bullish on 2026 — largely because AI is only in the "second inning" and massive disruption is still ahead. The conversation also ventures into territory financial planners don't usually discuss publicly. Auslander addresses whether the wealthy are worried the "pitchforks are coming for them," pointing to economic anxiety driving a spike in gun sales and a pop culture landscape that increasingly portrays corporations and the ultra-rich as villains. He breaks down the rise of family offices — private wealth management firms for the ultra-wealthy that take a long-term investment view — and explains why companies increasingly choose to stay private thanks to nearly unlimited private capital, rather than face the scrutiny of public markets. They also dig into the generational divide between investing and gambling, the casino-like nature of prediction markets, and the burden that post-Lehman Brothers insurance and regulatory requirements have placed on small businesses and regional banks that had nothing to do with the 2008 financial crisis. Auslander closes with a pointed message: that Fed independence and the rule of law are paramount to economic stability, and that centrism — not ideological extremism — remains the best way to run the country. Finally, Chuck presents his updated ToddCast Top 5 list of senate seats most likely to flip in the midterms and answers listeners’ questions in the “Ask Chuck” segment. Go to https://zbiotics.com/CHUCKTODDCAST and use CHUCKTODDCAST at checkout for 15% off any first time orders of ZBiotics probiotics.” Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. Thank you Wildgrain for sponsoring. Visit http://wildgrain.com/TODDCAST and use the code "TODDCAST" at checkout to receive $30 off your first box PLUS free Croissants for life! Link in bio or go to https://getsoul.com & enter code TODDCAST for 30% off your first order. American Finance Disclaimer: NMLS 182334, nmlsconsumeraccess.org. APR for rates in the 5s start at 6.196% for well qualified borrowers. Call 866-885-1081, for details about credit costs and terms. Or https://apply.americanfinancing.net/thechucktoddcast Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 03:15 Trump’s base will love “own the libs” moments from SOTU 04:30 Most of Trump’s base was celebrating himself & animating his base 05:15 Trump’s tone on the economy couldn’t have been worse for GOP 06:30 Trump hid behind the glory of others, turned speech into award show 07:45 Awards are an incredible honor, deserved more time & recognition 09:30 Hopefully the recipients get dedicated events to honor them 10:00 Overloading the speech with awards felt a bit gimmicky 11:00 Trump mostly bit his tongue when addressing SCOTUS 11:30 Trump chose to be a party leader rather than president, trolled Dems 12:15 Spanberger’s response to SOTU was simple & effective 14:00 Spanberger definitely did better with independents than Trump 14:45 Trump’s proposal to make AI companies provide their power is a winner 15:15 Trump highlighting Iran’s ballistic missiles sounds like a pretext for war 16:30 Attacking Iran won’t play well with parts of Trump’s base 17:30 Trump didn’t talk about Venezuelan democracy, just oil 18:15 Trump’s still working with the Maduro regime 19:45 Are we trying to prevent Iranian nukes, or attempting regime change? 20:30 Trump claiming credit for getting Mexican cartel leader is a big faux pax 21:45 Allies feel like Trump will sell them out just so he can take credit 22:30 Trump didn’t address voters concerns on costs & the economy 23:45 Trump is better on the attack than defending his record 24:30 The speech didn’t give Republicans a boost for the midterms 25:30 Most Americans don’t support cutting safety net for tax cuts 27:30 There’s a 60% majority to be had on economic issues, not cultural ones 29:15 Voters keep picking the out party 30:30 There’s a majority coalition to be won with populist economic policy 32:30 This could be a moment for candidates to shed the party label 33:00 Democrats will have a strong midterm just being against Trump 33:45 Class politics could create a strong majority 35:30 Voters thought they’d get 1st term Trump, not what they’re getting 45:30 Paul Auslander joins the Chuck ToddCast 47:00 Paul’s origin story 48:15 Financial planning was mostly done by insurance companies in 70’s 49:00 Northerners move to FL for taxes & weather, but FL is pushing it socially 51:30 Fiduciary responsibility is the line of demarcation in financial planning 52:30 Factoring the political climate into financial planning projections 54:00 European index doubled the performance of the S&P last year 55:00 Tax policy is generally the biggest concern for investors 57:30 A cut to social security payments is bound to happen 58:30 If you push retirement from 67 to 69 the SS fund becomes healthy 1:00:45 Social security privatization likely to happen in the future 1:02:45 Money to be made off bad Trump policies that are likely to go away? 1:03:45 Crypto became a special interest & bought support for pro crypto policy 1:05:30 Crypto is a revolution that predates Trump & will outlast him 1:07:00 Lesson to be learned from rise then collapse in price of silver? 1:08:00 Central banks are buying silver, gold and assets 1:09:30 How many people are hedging by moving money out of the U.S.? 1:10:15 Europe is spending big money on arms & infrastructure 1:11:30 Definition of a “Family Office” 1:14:00 Family office investments are increasingly popular & take the long view 1:15:30 Are the investors/wealthy worried the pitchforks are coming for them? 1:17:00 Economic anxiety driving a spike in gun sales 1:18:30 Pop culture portrays corporations & wealthy as the villains 1:20:00 Private equity has a lot of money on the sideline, looking for investments 1:23:00 The burden of insurance requirements on small business 1:25:30 Small & regional banks paying for the sins of Lehman Brothers 1:26:30 Companies stay private due to near unlimited private capital 1:27:15 Do young people like investing… or do they just like gambling? 1:28:15 Thoughts on prediction markets? 1:29:30 There’s a casino like approach to certain markets 1:30:45 If the house flips, you could see money get withdrawn from markets 1:32:00 How do Trump’s relationships with world leaders affect projections? 1:33:15 The bond market is more indicative of economic health than stock market 1:34:15 Uncertainty will impact earnings 1:34:45 Why are you feeling bullish on 2026? 1:37:00 AI is only in the 2nd inning. Disruption is coming 1:40:00 Thom Tillis sounds like a different man now that he’s retiring 1:41:00 Centrism seems like the best way to run the country 1:43:00 AI won’t be replacing financial advisors anytime soon 1:45:15 What’s one question you want every presidential candidate to answer? 1:45:45 Fed independence and rule of law are paramount 1:47:30 Chuck’s thoughts on interview with Paul Auslander 1:48:45 ToddCast Top senate seats most likely to flip in midterms 1:49:00 #1 North Carolina 1:50:45 #2 Maine 1:53:45 #3 Michigan 1:58:15 #4 Alaska 2:01:15 #5 Texas 2:06:30 Honorable mentions: South Dakota & Minnesota 2:11:30 Ask Chuck 2:11:45 Promoting tariffs & AI have to only be bad for Trump? 2:12:45 Can Republicans not endorsed by Trump win their primaries? 2:14:15 Will lifting pesticide bans cause MAHA voters to turn on Trump?See omnystudio.com/listener for privacy information.

Understanding the Human Side of Financial Decisions Join Certified Financial Fiduciaries™ Zach Keister and Christina Lamb for an eye-opening episode of Dollars & Sense that dives deep into the psychology of money. This isn't about spreadsheets—it's about the emotions, habits, and mindsets that shape your financial life. Discover why even smart people make puzzling money choices, and learn how your upbringing, mental wiring, and social comparisons influence your financial behaviors. From procrastinating on taxes to feeling envy or guilt when scrolling social media, Zach and Christina break down common cognitive biases—like loss aversion and present bias—and offer relatable stories (including a Monopoly experiment!) to show how these play out in real life. Get practical with 5 actionable tools to rewire your financial habits: Automate your savings and bills for less stress Create simple money rituals to reduce avoidance Reframe your money story for a healthier mindset Add friction to overspending and remove it from positive habits Seek accountability and professional support when needed Walk away with strategies to break the anxiety–avoidance loop, resist emotional overspending, and counteract the pressure of social comparison. Whether you're just starting out or looking to strengthen your financial foundation, this episode will help you see your money life as a relationship you can nurture and improve—no shame, just progress.

As fiduciaries, when we review a $1 million TSP portfolio, our first priority isn't performance — it's protecting retirement income from sequence of returns risk, inflation, and unnecessary tax exposure.”

A $5,000 Roth conversion that promises zero taxes sounds tempting but the fine print tells a very different story. In this episode, Mike and Ryan break down a real-world question that raises major red flags in retirement planning. They unpack how certain advisors frame “tax-free” strategies, why bonuses inside financial products can quietly create bigger tax bills, and how time horizons can make or break long-term outcomes. The conversation widens to the realities of today’s financial advice industry, from sales-driven recommendations to the importance of working with someone who can address taxes, income, and planning together. Want to begin building your retirement and tax plan? Click Here to Schedule a 15-minute Discovery Call Follow us for more helpful insights:

With gold and silver surging to eye-catching highs, Joel unpacks whether now is really the right time to jump in. Get the unvarnished truth about the risks and realities of investing in gold and silver, including their historical track record, the costs that often go overlooked, and why they're not always the golden ticket to wealth the headlines might suggest. Discover how herd mentality, FOMO, and social media hype can drive prices—and why long-term results often tell a different story. But that's not all—this episode empowers you with a practical checklist of essential questions to ask your financial advisor. Joel breaks down the crucial topics: understanding all the fees you're paying, ensuring your advisor acts as a fiduciary, grasping their investment philosophy and track record, and knowing how they'll communicate with you through the market's ups and downs. These questions are designed to help you build a true partnership and make well-informed decisions about your financial future. Whether you're a seasoned investor, just getting started, or simply curious about the latest trends in money management, this episode promises valuable insights, clear explanations, and actionable advice. Tune in to sharpen your financial acumen and make sense of your dollars—plus, find out how you can connect with Joel and his team for further guidance. Listen now to get the facts, cut through the hype, and take charge of your finances with confidence! 

What do crab rangoon mozzarella sticks and the ups and downs of the stock market have in common? More than you might think! In this episode, Kyle and Matt serve up a fun, insightful conversation you won't hear anywhere else. Tune in as they swap stories from party weekend, share what makes a retirement genuinely satisfying, and reveal why “wealth” isn't just about your bottom line—it's about buying back your precious time.But don't get too comfortable—these markets sure aren't! The guys break down why it might be time for a serious portfolio checkup, what “frothy markets” really mean for your future, and the one big retirement risk even seasoned investors often overlook. Grab a snack, settle in, and get ready for some straight talk, a few laughs, and that essential retirement wisdom you didn't know you were missing.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, Rob Field and Chet Cowart explore the parallels between training for a marathon and investing for the future, emphasizing how each investor's personal goals and circumstances shape their approach. They begin by discussing recent market trends and how growth over the past few years has affected different age groups. The hosts highlight the importance of investment goal-setting, comparing strategies for those nearing retirement to those still building their wealth. Younger investors typically seek maximum growth and are more tolerant of market volatility, viewing downturns as opportunities to buy. In contrast, those closer to retirement prioritize safety and income, often shifting toward bonds and cash to preserve capital and generate steady income. Field and Cowart also tackle topics such as portfolio construction, risk tolerance, and the differing roles of income and Social Security. They note that Social Security is funded by younger workers and question its future viability as workforce demographics shift and more people delay retirement. The conversation includes recent trends, such as a decrease in workers under 25 and factors influencing workforce participation since the pandemic. The episode offers valuable insights into lessons investors often wish they had learned earlier, including the power of savings and compounding, the importance of starting early, managing debt, automating investments, and developing disciplined financial habits. The hosts stress the significance of honest self-assessment, patience, and flexibility—much like training for a marathon. Concluding, Rob and Chet reiterate that successful investing is about time, setting clear goals, and understanding one's risk tolerance. They encourage listeners to approach their financial journey with a long-term perspective, realistic expectations, and sustainable habits. 

Strap in for a fun ride with Kyle Jones and Matt Allgeyer on this week's “Your Retirement Highway” as they swap road trip tales, wedding breakfast secrets, and plenty of laughs—all before steering into some of the juiciest retirement planning insights you won't want to miss. Is there really such a thing as retiring “earlier than early”? The guys dish on everything from discovering your "enough number" to why paying off the mortgage might just be your secret engine for the golden years—and that's only the start.But don't let the easy banter fool you; Kyle and Matt take you deep into the nuts and bolts of how today's volatile markets, rising inflation, and even emotional readiness can shape your retirement journey. Curious how to stress-test your budget, wrangle healthcare costs, or avoid the pitfalls of “keeping up with the Joneses”? They won't spill all the beans here—tune in and uncover the real-world strategies and surprising stories that will get you thinking about your own retirement highway in a whole new way.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.

On this special segment of The Full Ratchet, the following Investors are featured: Somesh Dash of IVP Nnamdi Okike of 645 Ventures Charles Hudson of Precursor Ventures We asked guests for the most important piece of advice that they'd share with folks early in their venture career. The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area. We're proud to partner with Ramp, the modern finance automation platform. Book a demo and get $150—no strings attached.   Want to keep up to date with The Full Ratchet? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

In this episode of Talking Real Money, Don and Tom dig into the Washington State pension system's heavy exposure to private equity, sparked by Jason Zweig's Wall Street Journal reporting and a Seattle Times investigation. They explain why high fees, opaque valuations, and lack of liquidity make private equity especially dangerous for public retirement funds—and why Washington leads the nation in risk. The conversation expands to compare pension strategies across states, question governance and oversight, and warn retirees about the real-world consequences of excessive risk. Later, the hosts respond to a listener trapped in a high-fee, actively managed portfolio and variable annuity, illustrating how costs and complexity quietly erode wealth. The show wraps with practical retirement guidance inspired by Warren Buffett—simplify and protect—plus a discussion of converting mutual funds to ETFs for greater efficiency. 0:04 Show open, call-in invitation, and setup on private equity 0:32 Jason Zweig's WSJ reporting on private equity fees and markups 1:25 Washington State pension's heavy private equity exposure 3:23 Valuation and liquidity problems in private equity 4:35 Breakdown of WA pension assets (private equity + real estate) 5:18 Risks of market downturns and illiquidity 6:25 Who's overseeing the pension fund and their qualifications 7:06 Concerns for Washington retirees and contributors 8:28 Board “experts” and potential conflicts of interest 9:55 Difficulty exiting private equity investments 11:06 Questioning reported 12.3% returns vs public markets 11:59 Call for political accountability and reform 12:50 Comparison to states using mostly public index funds 13:35 Why private equity suffers most in downturns 14:22 Comparison of pension private equity exposure by state 15:58 Rebalancing and “emperor's clothes” concern 17:07 Caller Luke reacts to pension risks 18:11 Promotion of RetireMeet and retirement education 19:22 Warren Buffett's retirement advice: simplify and protect 20:28 Risk reduction and advisor role in retirement 21:26 Fiduciary standards and conflicts of interest 22:55 Emphasis on simple, protective portfolios 23:07 Caller Jane asks about high advisory fees 24:40 Discussion of “active management” risks 26:12 Review of proposed funds and red flags 29:57 Analysis of high-fee, high-turnover portfolio 30:57 Concentration and volatility concerns 32:16 Variable annuity warning signs 33:37 Commission conflicts and surrender charges 33:57 Recommendation to change advisors 34:56 Recap of excessive fees and risks 36:33 Importance of honest warnings vs future losses 37:48 Question on converting Vanguard mutual funds to ETFs 38:52 Advantages of ETFs: cost, tax efficiency, liquidity Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Tony Davidow sits down with Matt Katz, Managing Director at Fiduciary Trust International, to explore why middle market private equity offers compelling opportunities in today's environment. Matt shares his journey into private markets, explains why the middle market presents a structural advantage with less competition and more operational value-add potential, and provides practical guidance on evaluating private equity funds through the lens of people, process, performance, and references. The conversation also covers the current exit environment, the growing role of secondaries in portfolio construction, the importance of due diligence in evaluating funds, and actionable advice for financial advisors looking to navigate the expanding universe of private market investments. Matt Katz, CFA, Managing Director, Investment Director - Private Markets: As head of the Advisor Solutions Group private markets research team, Matt focuses on private equity and real estate investments and is responsible for sourcing, due diligence and monitoring investments across each asset class.  He determines strategic and tactical allocations within ASG's Model Portfolio, while monitoring existing and prospective investment opportunities.  With over 18 years of experience, Matt serves as a key contributor to the analysis of current macroeconomic conditions through participation in daily market updates, Investment Committee meetings, and quarterly market overviews. In addition, Matt has also worked with impact-focused clients to source and analyze appropriate private investments, serving both financial and social purposes. Prior to joining Fiduciary Trust International, Matt was an associate director at Segal Rogerscasey, an investment consulting firm, as a member of their Alpha Research team focused on private equity manager research and due diligence. While at Segal Rogerscasey, he participated in the portfolio planning, underwriting and execution of private investments for the firm's discretionary clients. Matt received his Bachelor of Science degree in finance from the University of Connecticut. Matt is a Chartered Financial Analyst (CFA) charterholder; Member, CFA Society Boston; and a Member of the RAISE Global Summit LP Selection Committee.   Resources: Matthew Katz, CFA | LinkedInFranklin Templeton Private MarketsTony Davidow, CIMA® | LinkedIn

Understanding Fiduciary Duties and the Business Judgment Rule: A Deep DiveThis conversation delves into the intricate framework of fiduciary duties in corporate law, focusing on the duties of care, loyalty, and oversight. It explores the implications of these duties for directors and officers, the standards of review applied by courts, and the evolving landscape of corporate governance, particularly in light of recent legal developments. The discussion emphasizes the importance of process, the handling of conflicts of interest, and the responsibilities of controlling stockholders, providing a comprehensive overview for law students and practitioners alike.In the world of corporate law, fiduciary duties form the backbone of governance, ensuring that directors and officers act in the best interests of the corporation and its shareholders. These duties are the legal glue that aligns the interests of managers (agents) with those of the shareholders (principals), addressing the classic agency problem.The Duty of Care and the Business Judgment RuleThe duty of care requires directors to act with the diligence of a reasonably prudent person. It's not about being right all the time but about being informed and deliberative. The business judgment rule (BJR) serves as a protective shield, presuming that directors act on an informed basis, in good faith, and in the best interest of the company. This presumption encourages risk-taking, essential for innovation and growth, by protecting directors from liability for honest mistakes.The Duty of Loyalty and Conflicts of InterestThe duty of loyalty demands that directors avoid conflicts of interest and self-dealing. When a director's loyalty is questioned, the court applies the stringent "entire fairness" standard. However, conflicted transactions can be "cleansed" through approval by disinterested directors or shareholders, shifting the burden back to the plaintiff.Oversight and the Caremark StandardThe duty of oversight, highlighted in the Caremark case, focuses on a board's responsibility to monitor corporate affairs. This duty is notoriously difficult to breach, requiring proof of bad faith or a conscious disregard of duty. Recent cases like Marchand v. Barnhill have shown that courts are willing to hold boards accountable for failing to monitor mission-critical risks.ConclusionNavigating fiduciary duties requires a keen understanding of the standards of review and the procedural safeguards available. As corporate law evolves, striking a balance between managerial freedom and accountability remains a dynamic and fascinating challenge.TakeawaysFiduciary duties are essential to corporate governance.The separation of ownership and control creates agency problems.Directors owe duties of care and loyalty to the corporation.The business judgment rule protects directors from liability for honest mistakes.Gross negligence is the standard for duty of care breaches.Conflicts of interest must be disclosed and can be cleansed through proper procedures.The duty of oversight requires active monitoring of corporate affairs.Controlling stockholders have fiduciary duties to minority shareholders.Recent cases have tightened standards for directors and controlling shareholders.A strategic framework is crucial for analyzing corporate law issues.fiduciary duties, corporate law, duty of care, duty of loyalty, business judgment rule, oversight, controlling stockholders, MFW framework, Delaware law, corporate governance

Join hosts Joel Garris and Zach Keister on this action-packed episode of Dollars & Sense as they break down the fast-paced start to 2026. Discover why the stock market's leadership is changing, what the “Mag 7” becoming the “Fab 4” means for your investments, and how early signs of broad market participation could reshape your portfolio. The duo tackles interest rates, the latest moves from the Federal Reserve, and what falling mortgage rates mean for buyers. But it's not just about markets—Joel and Zach dive into the five financial lies people keep telling themselves, from “I have a budget” to “I don't know why I'm always broke.” They share practical steps to build a real emergency fund, track your spending, and take control of your financial future. If you've ever wondered why your money seems to disappear, this segment is a must-listen! The show wraps up with a look at the $4.6 trillion real-estate wealth transfer—from Baby Boomers to Gen X and Millennials—that's already changing housing and family planning.Whether you're considering buying property for your kids, downsizing, or inheriting a home, you'll get expert insights on how to structure these moves and avoid common pitfalls. Tune in to hear how market trends, personal finance habits, and generational shifts are converging in 2026—and what it means for you. 

Understanding the Corporate Legal Person: A Deep Dive into Corporate LawThis conversation provides an in-depth exploration of corporate law, focusing on the concept of the corporation as a separate legal entity. It covers the implications of this legal personality, including ownership, liability, and the formation of corporations. The discussion also delves into capital structure, the choice of law, and the internal affairs doctrine, as well as the theories behind corporate law. Key topics include limited liability, fiduciary duties, and the piercing of the corporate veil, culminating in a reflection on the agency costs and governance challenges faced by corporations.In the latest episode of our podcast, we delve into the intricate world of corporate law, focusing on the concept of corporations as separate legal entities. This episode is a must-listen for anyone preparing for a law school exam, the bar exam, or simply interested in the invisible architecture of the global economy.The Corporation as a Legal PersonThe episode begins by exploring the foundational idea of the corporation as a separate legal person. This concept is not just a metaphor but a real legal fiction that allows corporations to own property, enter contracts, and even sue or be sued in their own name. This separation is crucial as it centralizes all contracts, property, and obligations, drastically reducing complexity and transaction costs.Limited Liability and Capital StructureWe also discuss the implications of limited liability, a consequence of the corporation's separate personality. This feature encourages investment by allowing individuals to invest in businesses without risking personal assets. However, it also shifts the risk of business failure to creditors and other stakeholders. The episode further explores the capital structure, highlighting the differences between equity and debt and their respective legal treatments.Governance and the Role of the CharterThe podcast emphasizes the importance of the corporate charter, which acts as the corporation's constitution. It outlines the rules and boundaries within which the corporation operates. The episode also covers the internal governance mechanisms, including the roles of the board of directors and the separation of ownership and control.This episode provides a comprehensive overview of corporate law, from the formation of a corporation to its governance and capital structure. It highlights the legal and economic implications of treating corporations as separate legal entities and offers valuable insights for law students and professionals alike.Subscribe now to stay updated on our latest episodes and deepen your understanding of corporate law.TakeawaysThe corporation is a legal entity distinct from its owners.Separate legal personality drives every rule in corporate law.Limited liability encourages investment but shifts risk to creditors.The charter acts as the constitution of the corporation.Corporate formation requires a discrete legal act.Capital structure defines the mix of equity and debt.Fiduciary duties protect shareholders from managerial self-interest.Piercing the corporate veil is an equitable remedy for fraud.Corporations have constitutional rights under the 14th Amendment.Agency costs arise from the separation of ownership and control.corporate law, legal personality, corporate formation, capital structure, limited liability, fiduciary duties, piercing the corporate veil, agency costs, corporate governance, Delaware law

Understanding the Complexities of General Partnership Formation and LiabilityThis conversation provides an in-depth exploration of general partnership law, focusing on the complexities of partnership formation, liability, fiduciary duties, and the evolution of partnership structures. The discussion emphasizes the importance of understanding the legal implications of partnerships, including the risks involved and the distinctions between different types of partnerships, such as general partnerships, limited partnerships, and limited liability partnerships. Key themes include the nature of partnership relationships, the responsibilities of partners, and the legal frameworks that govern these entities.In the intricate world of business law, the formation and management of partnerships can be a minefield of potential liabilities and legal traps. This blog post explores the nuances of general partnerships, a common yet often misunderstood business entity.Introduction: The Wild West of Business LawGeneral partnerships are frequently referred to as the "default" business entity, but this term can be misleading. Unlike the default settings on your phone, which are designed for safety and ease, general partnerships are fraught with personal liability risks and legal complexities. This post aims to unpack these challenges, providing insights for law students, bar exam candidates, and business owners alike.Formation: The Unseen TrapsA general partnership can be formed without any formal agreement, simply through the conduct of the parties involved. This means that even without intending to, individuals can find themselves in a binding legal relationship that exposes their personal assets to risk. The Uniform Partnership Act (UPA) and the Revised Uniform Partnership Act (RUPA) provide the legal framework, but understanding the friction between these laws is crucial for navigating potential pitfalls.Liability: The Joint and Several ConundrumOne of the most daunting aspects of general partnerships is the concept of joint and several liability. This means that each partner can be held personally liable for the entire debt of the partnership, regardless of their individual share. The RUPA offers some protection through the "exhaustion rule," requiring creditors to first seek repayment from the partnership's assets. However, in jurisdictions following the older UPA, creditors can directly target individual partners.Conclusion: Navigating the Legal LandscapeThe evolution of partnership law reflects a balancing act between flexibility and protection. As business law continues to evolve, understanding these legal frameworks is essential for anyone involved in a partnership. Whether you're a law student preparing for exams or a business owner managing a partnership, staying informed about these legal intricacies can help mitigate risks and ensure a more secure business environment.Subscribe NowStay updated with the latest insights in business law by subscribing to our newsletter. Don't miss out on expert analysis and practical advice to navigate the legal landscape of partnerships.TakeawaysThe general partnership is often called the default business entity, but it is misleadingly dangerous.Intent to form a partnership is based on conduct, not subjective intent.Profit sharing is prima facie evidence of partnership under UPA.Partnership by estoppel can create liability without a formal partnership.In a general partnership, all partners are jointly and severally liable for debts.The default rule for profit sharing is equality, regardless of contribution.Service partners must contract around default rules to protect their interests.Fiduciary duties require partners to act in the best interest of the partnership.Every partner has authority to act on behalf of the partnership unless limitedgeneral partnership, business law, liability, partnership formation, fiduciary duties, limited partnership, LLP, UPA, RUPA, agency law

Understanding the Inadvertent General Partnership: A Deep Dive into RUPAThis conversation delves into the complexities of partnership law, focusing on the formation, governance, and liabilities associated with partnerships. It emphasizes the importance of understanding the Revised Uniform Partnership Act (RUPA) and the implications of being in a partnership, including fiduciary duties and the risks of unlimited personal liability. The discussion also highlights the need for clear agreements to avoid unintended partnerships and the potential pitfalls of informal arrangements.In the latest episode of our podcast, we delve into the complexities of general partnerships, focusing on the Revised Uniform Partnership Act (RUPA). This discussion is crucial for anyone involved in or considering a partnership, as it highlights the potential pitfalls and legal intricacies that can arise.Formation and Governance: General partnerships are unique in that they can form inadvertently, simply through the actions and agreements of the parties involved. Unlike corporations, which require formal documentation and state approval, partnerships can arise from a handshake or a verbal agreement. This informality, while convenient, can lead to significant legal challenges if not properly managed.The Risks of Inadvertent Partnerships: One of the most significant risks discussed is the inadvertent partnership. This occurs when individuals engage in business activities that, under RUPA, qualify as a partnership, even if the parties did not intend to form one. The implications are severe, as partners can be held personally liable for the actions of the partnership, including debts and legal obligations.The Importance of a Partnership Agreement: To mitigate these risks, the episode emphasizes the importance of drafting a comprehensive partnership agreement. Such an agreement can outline the roles, responsibilities, and liabilities of each partner, providing a clear framework for governance and decision-making. Without this, partners are subject to RUPA's default rules, which may not align with their intentions or best interests.Conclusion: The episode serves as a critical reminder of the legal complexities inherent in partnerships. By understanding RUPA and proactively drafting a partnership agreement, individuals can protect themselves from unintended liabilities and ensure a more stable and predictable business relationship.Subscribe now to stay informed about the latest insights in business law and partnership management.TakeawaysPartnerships can form unintentionally through conduct, not just intent.RUPA provides default rules that apply when no agreement exists.Partners share profits equally unless otherwise stated in an agreement.Partners are jointly and severally liable for partnership debts.Fiduciary duties are critical in maintaining trust among partners.The duty of loyalty cannot be waived in a partnership agreement.Partners can be liable for each other's actions in the ordinary course of business.Dissolution of a partnership requires proper notice to avoid lingering authority.A well-drafted partnership agreement is essential for protection.The gig economy poses risks of inadvertent partnerships. partnership law, agency, governance, fiduciary duties, liability, RUPA, business structure, partnership formation, legal obligations, partnership dissolution

Don and Tom examine the long disciplinary history of former broker James Tuberosa and his attempt to reinvent himself as a registered investment advisor through a newly formed firm, highlighting how fiduciary language can be used to mask conflicts driven by insurance commissions. They walk listeners through the importance of reading Form ADV disclosures and explain how regulatory gaps allow questionable practices to continue. The episode reinforces the principle of “buyer beware” before shifting to listener questions on saving for major expenses, evaluating high-fee annuities for elderly retirees, Roth IRA investing for young adults, and the advantages modern investors enjoy from lower costs and better diversification. The show closes with reflections on financial literacy, generational investing improvements, and a preview of RetireMeet 2026. 0:05 Opening and setup: broker misconduct story 0:10 James Tuberosa's career and long record of complaints 1:14 FINRA expulsion and failed expungement lawsuit 2:42 How complaints get quietly “settled” 3:51 Shift from broker to RIA status 4:49 Skyview Pinnacle and the “clean” front 5:48 Using fiduciary language as marketing cover 7:17 Why insurance escapes SEC oversight 8:22 Conflicts disclosed in ADV 9:19 Why disclosures matter 10:47 Warning signs: promises and product pitching 12:01 Weakness of fiduciary protection 13:08 Ethical failures at large firms 14:38 Fiduciary vs. commission contradiction 15:36 Why reading ADVs protects investors 16:17 Transition to listener questions 17:16 Sinking funds: investing vs. saving 18:40 Planning for major home repairs 19:36 Elderly couple and complex annuity 21:01 Risks of high-fee variable annuities 22:36 Best Roth IRA investment for young adults 23:24 Advantages for today's investors 24:58 Lower costs and better diversification today 26:38 Historical perspective on investing access 28:10 Listener engagement and contact info Learn more about your ad choices. Visit megaphone.fm/adchoices

Unlocking the Core of Agency Law: Fiduciary DutiesIn this episode of "The Deep Dive," the hosts transition from the mechanical aspects of agency law to the philosophical underpinnings of fiduciary duties. He emphasizes the importance of understanding fiduciary duty as the moral and structural core of the agency relationship, likening it to the steering wheel and brakes of a vehicle. The discussion centers around the three primary fiduciary duties: loyalty, care, and obedience, highlighting their implications and the severe consequences of breaches. The hosts explain that fiduciary duty is not merely a contractual obligation but a legal shield designed to protect principals from potential abuses of power by agents, emphasizing the need for transparency and trust in business relationships.The episode delves into the nuances of each duty, particularly the duty of loyalty, which prohibits agents from serving conflicting interests and mandates full disclosure of any potential conflicts. The conversation also covers the duty of care, which focuses on the competence and diligence expected from agents, and the duty of obedience, which requires agents to follow lawful instructions from their principals. The hosts concluded by discussing the remedies available for breaches of fiduciary duty, including disgorgement of profits, emphasizing the law's protective stance towards principals in agency relationships.TakeawaysFiduciary duty is the moral and structural core of the agency relationship.The law imposes strict rules to prevent agents from even entertaining the thought of betrayal.Liability can exist without demonstrable harm to the principal; the focus is on the agent's gain, not the principal's loss.Secrecy in transactions is a hallmark of breach; transparency is essential.The duty of care is about competence and diligence, while the duty of loyalty is about faithfulness and avoiding conflicts.agency law, fiduciary duties, duty of loyalty, duty of care, legal remedies, business ethics, trust in business, agency relationship, law school, bar exam

Merriam-Webster's Word of the Day for January 27, 2026 is: fiduciary • fuh-DOO-shee-air-ee • adjective Fiduciary is a formal word describing something relating to or involving trust, such as the trust between a customer and a professional. // The bank's fiduciary obligations are clearly stated in the contract. See the entry > Examples: "Banks and brokerage firms hold a fiduciary responsibility to protect their customers, including from scams." — Carter Pape, American Banker, 11 Aug. 2025 Did you know? Fiduciary relationships are often of the financial variety, but the word fiduciary does not, in and of itself, suggest pecuniary ("money-related") matters. Rather, fiduciary applies to any situation in which one person justifiably places confidence and trust in someone else, and seeks that person's help or advice in some matter. The attorney-client relationship is a fiduciary one, for example, because the client trusts the attorney to act in the best interest of the client at all times. Fiduciary can also be used as a noun referring to the person who acts in a fiduciary capacity, and fiduciarily or fiducially can be called upon if you are in need of an adverb. The words are all faithful to their origin: Latin fīdere, which means "to trust."

If you sponsor a retirement plan, the fastest way to get into trouble is assuming fiduciary rules do not apply to you or overlooking warning signs when something feels off. In this episode of The Sentinel Show, Melissa Terito and Kasey Melancon break down the biggest fiduciary don'ts that can lead to audits, penalties, and unnecessary risk.You will hear why you cannot outsource all fiduciary responsibility, which red flags deserve immediate attention, and how simple documentation habits can protect you if the Department of Labor comes knocking. They also cover why company convenience should never come before participants' best interests and why delaying corrections usually makes problems more expensive.In this episode, we cover:✅Why you should never assume you are not a fiduciary

In this compelling episode of Dollars & Sense with Joel Garris, the show dives deep into two urgent financial realities that could reshape your future: the explosion of ultra-long car loans and a retirement crisis few see coming—not about money, but about meaning. First, Joel tackles the “100-month car loan” phenomenon, revealing how soaring auto prices and sky-high average payments (now topping $750/month) are forcing families into unprecedented debt traps. He breaks down common mistakes—like focusing only on monthly payments or stretching loan terms to buy pricier vehicles—and offer smart, actionable strategies: buying used, choosing shorter loans, and planning purchases to protect your budget and future. Then, the show pivots to a powerful, rarely discussed retirement crisis: the loss of mattering. Joel illuminates why financial and health planning alone aren't enough and explores the emotional gap retirees face when work—and the sense of being needed—ends. You'll hear research-backed insights into why building a new sense of purpose, connection, and significance is the real key to a happy, resilient retirement. Plus, the episode unpacks the hidden financial blind spots that overwhelm grieving spouses, from surprise debts and locked accounts to the dreaded “widow's penalty” tax shock. Joel shares practical steps you can take today to protect your spouse and yourself, ensuring clarity and stability during life's toughest moments. If you want to avoid costly financial pitfalls and ensure your next chapter is not just secure—but meaningful—this episode is a must-listen.  

Amidst speculation that Artificial Intelligence-powered software could take business from human advisors, some of the most meaningful work advisors do involves something software can't replicate: deep human-to-human connection. This episode explores how life planning, active listening, and values-based discovery can help clients articulate what truly matters and achieve a sense of freedom that goes beyond financial outcomes. George Kinder is the founder of the Kinder Institute of Life Planning, which trains financial advisors globally in fiduciary, client-centered planning. Listen in as George explains why life planning is fundamentally social, and why even the most advanced AI tools can't replace the empathy, presence, and silence required to understand a client's inner motivations. You'll learn how his EVOKE framework guides advisors through exploratory conversations, how the famous "three questions" help clients clarify what an ideal life looks like under different time horizons, and how confronting an illness himself led him to revisit his personal answers—and reshape his legacy with intention. For show notes and more visit: https://www.kitces.com/473

Traci sits down with Chris Hamilton, a benefits consultant who specializes in helping employers cut through the noise of rising healthcare costs, to dig into what's really driving the hardest insurance market in 15 years.  If you sat through open enrollment this year wondering why insurance premiums jumped 20% when you thought it would be single digits, this episode reveals why—and what you can actually do about it.Chris walks through the misaligned incentives that make traditional insurance companies profit when your costs rise, exposes waste hiding in your current plan (like medications available for $300 being charged at $1,000), and breaks down why Wells Fargo and Johnson & Johnson ended up in fiduciary duty lawsuits over benefits decisions. But the real value is the concrete timeline and strategy for what to do starting this month—not waiting until August—to completely reshape your 2026 renewal and actually improve coverage while reducing costs.Contact Information:Connect with Chris Hamilton: Website | LinkedIn | YouTube | The Insider PlaybookConnect with Traci here: https://linktr.ee/HRTraciDisclaimer: Thoughts, opinions, and statements made on this podcast are not a reflection of the thoughts, opinions, and statements of the Company by whom Traci Chernoff is actively employed.Please note that this episode may contain paid endorsements and advertisements for products or services. Individuals on the show may have a direct or indirect financial interest in products or services referred to in this episode.

Curious how the latest tax law updates and retirement plan changes will impact your wallet in 2026? This week on Dollars & Sense, Joel Garris and Christina Lamb cut through the confusion and deliver essential information every American family and high-income earner needs to know—no jargon, just actionable insights and clear examples. First, Christina revisits the Top 10 Tax Changes for 2026—and then dives deeper into two big updates the team didn't get to last week: the newly indexed Child Tax Credit (now rising with inflation!) and the fresh cap on itemized deductions for high earners. Listeners learn exactly what's changing, who is affected, and how to maximize their tax strategy under the new rules. Step-by-step action tips help you avoid costly surprises, keep more of your money, and strategize for the year ahead. The discussion then shifts to a retirement game-changer: the new Roth 401(k) catch-up contribution requirement for high-income earners aged 50+. If you're used to socking away extra retirement dollars pre-tax, you'll want to hear how the new rules could raise your tax bill—and why, for many, it's still smart to keep contributing. The segment unpacks who must comply, plan differences, and the pros and cons of Roth vs. traditional contributions. Plus, Joel and Christina walk you through critical “what to do now” steps so you don't get caught off guard, from checking your plan options to coordinating with your tax advisor. Finally, the episode wraps up with practical guidance for all listeners: review your eligibility for credits and deductions, start planning early, and remember that smart tax and retirement strategies can make a huge difference by year's end. Joel and Christina's friendly, down-to-earth approach makes even complex topics feel manageable—and maybe even a little fun. Ready to get ahead of the 2026 tax and retirement changes? Don't miss out—tune in now to Dollars & Sense and take control of your financial future! 

Buckle up for a ride on this week's Retirement Highway, where Kyle Jones and Matt Allgeyer are joined by their sharp-witted intern James from MICDS High School. Fresh back from Florida, the guys dive headfirst into the recent Venezuelan headlines and ask—do these big, noisy global events actually change the way you invest or plan for retirement? Their candid, sometimes cheeky banter takes you behind the scenes of both international intrigue and American portfolios. But don't worry, no stuffy politics here—just real talk about market myths, wild Uber rides, and why sometimes the loudest news isn't the most important.But that's just the start—a Gen Z perspective shakes up the conversation as James weighs in on what really matters to young adults tackling a changing world. Is AI the big threat or the next big thing for your retirement dreams? And should you be worried about the “best house in a bad neighborhood” when it comes to America's global standing? Don't miss this episode's blend of laughs, lessons, and a few questions we're betting you haven't considered yet. Tune in now—because sometimes, the secret to financial wisdom is found where you least expect it.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, Chase Cannon and Suzanne Spradley discuss a recent wave of litigation centered on ERISA's fiduciary obligations for health and welfare plan sponsors. Suzanne begins with an explanation of the lawsuits and how the voluntary benefit plan exception from ERISA is core to the lawsuit allegations. Suzanne and Chase continue with a close look at the exception and the criteria employers should consider to meet the exception. The two close with a discussion on employer takeaways for ERISA fiduciary and voluntary plan exception purposes.

What does it actually mean to be a fiduciary, and are you one whether you realize it or not?In this season-opening episode of The Sentinel Show, Melissa Terito and Kasey Melancon kick off 2026 by revisiting one of the most misunderstood topics in retirement plans: fiduciary responsibility. Your title does not determine whether you are a fiduciary. Your actions do.This episode breaks down the core do's of being a fiduciary using practical, real-world examples business owners face every day. The conversation covers understanding when you are acting as a fiduciary versus making a business decision, hiring and monitoring the right experts, following the plan document, overseeing investments responsibly, and communicating clearly with plan participants.If you have ever thought, “I'm not involved in the plan,” or “That responsibility belongs to someone else,” this episode will challenge that assumption and help you better understand where fiduciary risk truly lives and how to manage it with confidence.The conversation continues next episode with the fiduciary don'ts every plan sponsor should avoid.

Discover the Financial Ripple Effects of Geopolitical Turmoil and 2026's Major Tax Reforms In this episode of Dollars & Sense with Joel Garris, hosts Joel and Kristin tackle two high-stakes financial stories shaping headlines and household budgets. First, dive into the dramatic capture of Venezuela's President Nicolás Maduro by U.S. forces—unraveling the international backlash, the future of Venezuela's oil sector, and what it means for energy prices, market volatility, and your personal finances. Then, the duo breaks down the top 10 tax changes coming in 2026, from permanent lower tax brackets and bigger deductions, to new benefits for tip earners, car buyers, and charitable donors. Find out how shifting global power plays could influence your investment strategy, and get actionable tips to make the most of new tax rules—whether you're saving for retirement, buying a car, or planning for your children's future. Will these changes bring more opportunities or new risks to your wallet? Tune in to get informed, stay ahead, and learn what you can do to safeguard your financial future. Click to listen and get the insights you need to navigate both international headlines and tax law twists! 

After a year of strong performance across major asset classes, what lies ahead for financial markets in 2026? In our latest Market Outlook podcast, Fiduciary's Head of Investments, Pat Donlon, CFA, shares key trends and insights to watch this year.  View the video here on our website with closed captions. 

What do college football and financial planning have in common? More than you might think! In this episode, Matt and Kyle are joined by a special guest—Matt's son, Lucas Allgeyer, a Division I football player at the University of Iowa. Get ready for some surprising parallels between chasing victory on the field and chasing your dream retirement. Hear Lucas's behind-the-scenes stories from the locker room and discover how discipline, trust, and relentless coaching translate into financial success.Ever wonder what really separates top-tier athletes—and successful retirees—from the rest of the pack? This conversation peels back the curtain on the routines, mindset shifts, and unexpected teamwork that make both happen. Tune in for practical insights, motivating stories, and maybe a few laughs along the way as “Your Retirement Highway” takes you on a ride from the stadium to your savings. Want to retire earlier or just step up your financial game? Don't miss this one!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.

Kevin Bemel is the president of the Bemel Companies, which provide trust and estate administration, financial and real estate management, startup and early stage company advisory services, and media project production.Visit his website here: https://www.bemel.com/about

The most common myth about financial advisors? That they're required to work in your best interest. In this episode, fiduciary advisor Jason Pereira helps us break down the difference between a financial advisor and a fiduciary advisor. You'll learn what financial planning looks like beyond investing, the risks of relying on AI for financial advice, and how he's fighting for more transparency and accountability in the industry. Topics discussed: Introduction (00:00) Jason's early interest in finance (01:42) How his view of entrepreneurship changed (04:13) The truth about financial advisors and fiduciary duty (05:07) What most people misunderstand about financial planning (10:24) Why pricing models shouldn't be one-size-fits-all (11:42) The positive and negative impact of AI on the industry (15:16) Why advisors should embrace digital intimacy (20:29) Work boundaries that protect your family life (22:56) What brought you JOY today? (25:41) Resources: Sending your child to college will always be emotional but are you financially ready? Take the College Readiness Quiz for Parents: https://www.mitlinfinancial.com/college-readiness-quiz/ Doing your taxes might not be enJOYable but being more organized can make the process less painful. Get Your Gathering Your Tax Documents Checklist: https://www.mitlinfinancial.com/wp-content/uploads/2024/06/Mitlin_ChecklistForGatheringYourTaxDocuments_Form_062424_v2.pdf Will you be able to enJOY the Retirement you envision? Take the Retirement Ready Quiz: https://www.mitlinfinancial.com/retirement-planning-quiz/ Connect with Larry Sprung: LinkedIn: https://www.linkedin.com/in/lawrencesprung/ Instagram: https://www.instagram.com/larry_sprung/ Facebook: https://www.facebook.com/LawrenceDSprung/ X (Twitter): https://x.com/Lawrence_Sprung Connect with Jason Pereira: X (Twitter): https://x.com/jasonpereira/ LinkedIn: https://www.linkedin.com/in/pereirajm/ Facebook: https://www.facebook.com/jason.pereira/ Instagram: https://www.kidsfirst.org/nl/ TikTok: http://tiktok.com/@jason.m.pereira Bluesky: https://bsky.app/profile/jasonpereira.bsky.social Threads: https://www.threads.com/@jasonmpereira Website: https://jasonpereira.ca/ Woodgate Financial: https://www.woodgate.com/ About Our Guest: Jason Pereira MBA CFA CFP (Can & US) RFP TEP FP Canada Fellow is a well-known and accomplished financial planner and industry advocate. He is also recognized as one of the leading financial advisor industry thought leaders and speakers on various financial advisor technology-related topics, including digital transformation and practice management, digital engagement, and artificial intelligence. He serves as an advisor to several Advisor Technology startups, consults on issues surrounding digital transformation, and is the host of the Fintech Impact Podcast, where he has interviewed over 400 fintech founders, executives, and thought leaders in the space. Disclosure: Guests on the Mitlin Money Mindset are not affiliated with CWM, LLC, and opinions expressed herein may not be representative of CWM, LLC. CWM, LLC is not responsible for the guest's content linked on this site. This episode was produced by Podcast Boutique https://www.podcastboutique.com

Kick off 2026 with Joel Garris on Dollars & Sense as he dives into two critical topics: the latest market trends and practical financial resolutions. This episode opens with a fearless forecast for the year ahead, including a candid review of last year's predictions—where Joel nailed the impact of deregulation and tax reform but underestimated the power of AI and the surprising market surge. Hear why 2025 was a transformative year, and what lessons shape the new forecast for the Dow in 2026. What's next for investors? Joel reveals the driving forces behind this year's markets: AI-fueled earnings growth, the effects of recent tax legislation, and why diversification could be the key to outperforming concentrated indexes. He also breaks down the risks—market overvaluation, inflation, and labor concerns—while explaining how a “pause year” might reset expectations. Ready to make your financial resolutions stick? Drawing from behavioral finance and insights from The Wall Street Journal, Joel shares actionable strategies for setting—and keeping—money goals that align with your values. Find out how automatic savings, clear targets, and monthly check-ins can transform your financial discipline and set you up for success. If you want to know whether your portfolio is poised for growth or if your resolutions will finally last past February, this episode is packed with expert analysis and practical tips. Listen now for a blend of market insights and personal finance wisdom that could make 2026 your best financial year yet! 

Chris Markowski, known as the Watchdog on Wall Street, discusses the realities of the financial world, emphasizing the conflicts of interest inherent in publicly traded investment firms and the impact of private equity on financial advisory services. He critiques the regulatory environment and the evolution of corporate accountability, drawing parallels between historical corporate raiders and modern financial practices. Markowski advocates for consumer awareness and personal responsibility in investing, warning against the dangers of greed and the illusion of financial security.

We also debate the pros and cons of traditional retirement planning versus active real estate investing. Is the "4% Rule" a path to freedom or just a way to ration your life away? Jake and Gino share their unique approach to multifamily investing, profit per unit (PPU), and why managing debt is the key to surviving market downturns.Key Takeaways:✅ Fiduciary vs. Non-Fiduciary: Why most advisors are like "Supercuts" employees pushing their own products, and how to find an independent fiduciary who works for you.✅ The Problem with Traditional Retirement: Why the "4% Rule" feels like rationing your life and how active investing can offer more control.✅ Multifamily Metrics: Jake and Gino explain their "Profit Per Unit" (PPU) metric and why cash flow is king over net worth.✅ Debt Management: The critical importance of understanding debt terms in commercial real estate to avoid foreclosure during market shifts.✅ The "Retire.us" Solution: How Michael is democratizing access to premium financial planning without high asset minimums.Let's Connect!Question of the Day: Do you trust your financial advisor to act as a fiduciary, or are you managing your own investments? Let us know in the comments below!