In this episode, Chad Burton provides a comprehensive market update, highlighting significant gains in various indices, including the NASDAQ and S&P 500, while also discussing the recent rally in the bond market due to declining interest rates. He emphasizes the importance of portfolio diversification, particularly for younger investors building wealth, and suggests strategies for rebalancing portfolios as markets reach all-time highs. Chad also addresses the impact of upcoming elections on market volatility and encourages listeners to consider charitable giving, particularly through donating appreciated stocks to avoid capital gains taxes. He explains the benefits of donor-advised funds and charitable remainder trusts for those looking to maximize their charitable contributions while managing tax implications. Additionally, he answers listener questions about long-term care insurance, estate planning for blended families, and strategies for managing inherited IRAs and annuities, underscoring the necessity of having a clear financial plan that accounts for taxes, inflation, and potential long-term care needs.

Tune in now to learn more!

Timestamps:

[00:02:08] Bond market changes and trends.

[00:05:12] Investing during market highs.

[00:08:06] Charitable gifting strategies explained.

[00:11:22] Charitable remainder trust benefits.

[00:16:29] Retirement planning and market risks.

[00:18:24] Long-term care insurance challenges.

[00:23:58] Estate planning before marriage.

[00:25:35] Estate planning and asset protection.

[00:30:40] Best states for estate planning.

[00:34:06] Inheriting IRA and annuity.

[00:36:54] Estate planning at age 90.

Email your money question to chad@chadburton.com

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

See omnystudio.com/listener for privacy information.

In this episode, Rob Black and certified financial planner Chad Burton discuss various aspects of personal finance, retirement planning, and the impact of inflation on financial decisions. They delve into common retirement questions, particularly the concern of whether individuals have enough savings to retire comfortably, especially in light of rising costs and changing economic conditions. Chad emphasizes the importance of understanding one's tax situation and the complexities of income sources in retirement, such as Social Security, pensions, and investment accounts. The conversation also touches on the rising costs of healthcare and insurance, the significance of maintaining health in retirement, and the potential benefits of concierge medicine and wellness investments. Additionally, they explore the complexities surrounding estate planning, particularly the distribution of assets to heirs and the importance of protecting those assets from potential divorce or lawsuits.

Tune in now to learn more!

Timestamps:

[00:02:17] Retirement income sufficiency concerns.

[00:04:50] Rising home insurance costs.

[00:10:12] Annuities and their confusion.

[00:12:30] Guaranteed lifetime income from annuities.

[00:15:12] Fiduciary financial planners explained.

[00:20:17] Health and retirement balance.

[00:21:34] Botox and mental health effects.

[00:26:28] Protecting assets for children.

[00:29:10] Healthcare spending and wellness.

[00:32:52] Gut health and wellness trends.

Email your money question to chad@chadburton.com

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

See omnystudio.com/listener for privacy information.

In this episode, Rob Black and certified financial planner Chad Burton discuss the current state of the financial markets, particularly focusing on the historical performance of September and the implications for retirement planning. They highlight the surprising resilience of the markets this year, with significant gains in major indices like the S&P 500 and NASDAQ. Chad emphasizes the importance of adjusting retirement withdrawal strategies, especially when markets are at all-time highs, and stresses the need for proactive portfolio management to avoid potential pitfalls during market corrections. The conversation also touches on the complexities of retirement planning, including the impact of inflation, required minimum distributions (RMDs), and the importance of tax-efficient strategies.

Tune in now to learn more!

Timestamps:

[00:01:25] Retirement withdrawal strategies.

[00:05:25] Retirement spending and inflation.

[00:10:18] Inheriting a spouse's 401k.

[00:12:24] Focus on Roth for heirs.

[00:14:25] Portfolio volatility in retirement.

[00:18:58] Withdrawal strategies in retirement.

[00:24:12] Inflation's impact on retirement planning.

[00:25:20] Wealth preservation retirement strategies.

[00:31:33] Estate planning mistakes.

[00:32:45] Updating estate plan beneficiaries.

Email your money question to chad@chadburton.com

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

See omnystudio.com/listener for privacy information.