You’ve probably heard the Biblical account of Jacob & Esau. Hidden within this story is a powerful lesson about estate planning that is still overlooked today. For more information, visit the show notes at
As you approach your 60s, the hot question becomes, “When should I file for Social Security?” It’s an easy question, right? You just figure out when you’re going to die, and then do the math. Unfortunately, the world doesn’t work like that....
Should I buy long-term care insurance? Should I keep the long-term care insurance I already have? These are important questions, and there are no easy answers. Long-term care is expensive, but long-term care insurance is also expensive. When you start...
How do you figure out how much money you're spending on your investments? In this week's episode, Devin and John talk about the types of fees you might be paying, and how you can figure out what they are. For more information, visit the show notes at
One in three people will eventually have some type of dementia. By the time you reach age 80, your chances of having Alzheimer’s is about about 50%, meaning that it’s very likely for at least one spouse in an older couple to have cognitive...
Looking at changes from the investment perspective: The change in the environment of shopping may impact your investments. Investment in these new technologies may provide solid returns. On the other hand, investments in physical retailers and certain...
“Do I get a step-up in the basis of a property that I inherited?” This is the first of two questions in today's "Listener Questions" episode. Then John answers a question about leaving an inheritance to someone who may face a divorce. Should you...
Will Social Security be there when you retire? Devin and John agree that Social Security will still be there, but may be quite different than it is now. There are many possible solutions to this issue, but there are two proposals that are most likely:...
It’s that time of year, when you make great plans for the upcoming new year. Devin and John have a great plan to help you make 2018 the year when you get all your financial plans in order. No matter what else happens, at the end of 2018, you’ll be...
Now that the Tax Cuts and Jobs Act of 2017 has been signed into law by President Trump, we can plan to make changes in how we spend, save, and give - or can we? John and Devin get into some of the specifics of the tax reform and how it may or may not...
If you listen to the news, you’ve probably heard some investment and financial planning industry folks make some wild predictions, and often those predictions don’t come true. In this week’s episode, Devin and John invited some friends to help...
Recorded live at FinCon from a 1974 Volkswagon Superbeetle, Devin and John are joined with Roger Whitney, the Retirement Answer Man, and Elle Martinez of CoupleMoney.com. The main topic? Divorce is the biggest threat to anyone’s financial...
Stacey’s financial advisor recommended 3-6 months of living expenses be in cash. She asks us how much she really needs. Ron from Portland wants to know what to do with his personal trust now that the beneficiaries are responsible adults. Does he...
People who are millionaires have respect for a dollar, and they cut expenses that don’t add value to their lives. Joe Saul-Sehy was a financial planner for 16 years, and he has observed some interesting things about how millionaires...
Things You Should Do Before The End Of The Year: Charitable contributions Harvest Investment Gains and Losses Required Minimum Distributions Sit Down And Review This Stuff With Your Tax Advisor There are a number of things you could do in the next...
Congress is moving fast through the process of changing our tax code. There are still lots of details to be ironed out, but one of the major provisions is a cut to the corporate tax rate. There is also a proposal to cap the tax rate on pass-through...
A reverse mortgage is an agreement that a bank or other financial institution will loan you money against the value of the house, and you don’t have to repay that money until the property transfers ownership, often due to death of the homeowner....
Devin and John explore the different ways that working can affect your Social Security benefit. Then John explains how and why a child may be eligible for Supplemental Security Income (SSI) when the father was covered under a teacher’s retirement...
Clayton was shaped by the money experiences of his childhood, particularly his father’s job loss. After some financial challenges, Clayton and his wife decided to figure out how to build an income that isn’t tied to their jobs working for someone...
Part 2 of a series about Medicare. This time Devin and John tackle the costs of Medicare Part B, then go into Medicare D (prescription drug coverage). It’s important to understand how Medicare Part D work – it can be a little tricky. For more...
Understanding Medicare is an important part of your overall retirement planning, but it's so confusing and complicated! Devin and John share the different parts of Medicare and what they cover. More information can be found at
Devin and John answer listener questions you've sent in. Arlene wants to know what happens to her debts after she dies. John guesses she is probably asking whether her children will be responsible for those debts. It’s a good question! The short...
Chess involved both strategy and psychology - much like investing! Doug Goldstein, author of RICH AS A KING: How the Wisdom of Chess Can Make You a Grandmaster of Investing, joins Devin in a discussion about the way chess strategies can be applied to...
Most of us have a whole world of digital stuff out there, and some of it is important. You need a plan for how your survivors will access these accounts, whether you are disabled or dead. As our world becomes more and more digital, it...