Lifetime Income Series
The Lifetime Income Series: Waiting to Get In - Hard to Make Money From the Sidelines
Special Guest: Peter Bell, president of the National Reverse Mortgage Association
This week Jim and Cathlyn discuss the dilemma of those sitting on the sideline in cash. When is the right time to make a move? They illustrate the issue by discussing the case study of a retired couple, David and Michelle, who are unhappy with the meager returns on cash and CDs, but have not been ready to make a move into the market. Jim lays out a strategy to boost their income, but warns that time may be running short for income investors. This week’s guest is Peter Bell, president & CEO of the National Reverse Mortgage Association.
The Lifetime Income Series: Who Wants To Be A Millionaire?
Understanding compound interest - the eighth wonder of the world
This week on the Lifetime Income Series, Jim and Cathlyn discuss the very important topic of compound interest, once famously called “the eighth wonder of the world” by Albert Einstein. Jim and Cathlyn offer examples to explain the concept and why it is so important to start early, invest wisely and stay disciplined. The special guest this week is Veronica Dagher, a columnist at Dow Jones Company and The Wall Street Journal. Veronica discusses the mistakes people make with their 401-k’s and how to avoid them.
The Lifetime Income Series: Custom vs. Cookie-Cutter: Smarter Retirement Investing
Special Guest: Gregory French, J.D., President of the National Academy of Elder Law Attorneys (NAELA)
This week Jim and Cathlyn discuss smarter retirement investing, relying less on cookie-cutter approaches and old allocation models for retirement. They discuss common mistakes and misguidance, as well as custom solutions in lieu of the cookie-cutter approach. The guest this week is attorney Gregory French, who will discuss legal issues and financial planning for long-term care, hospice, and VA benefits.
The Lifetime Income Series: Turning It Around – A Budget and Long Term Care Solution
Special Guest: Dr. Bonnie Olsen on Elder Financial Fraud and Abuse
This week Jim and Cathlyn use the case study of Joe and Irene Turner to illustrate several issues facing today’s retirees. These issues include Long Term Care and medical expenses, fear of the financial markets, inflation, the difficulty of maintaining quality of life in a 0% interest rate environment and reconciling budgets versus sources of income. The guest this week is Dr. Bonnie Olsen of the National Center on Elder Abuse at UC Irvine. Dr. Olsen discusses financial fraud and abuse on the elderly and how to avoid it.
The Lifetime Income Series: A Bond Is Not A Stock; That’s Why It Diversifies Your Portfolio
Special Guest: Attorney Tom Collett Discusses Tax-efficient Business Planning
In this week’s edition Jim and Cathlyn discuss the function of bonds in a portfolio, and how to evaluate them. They go over bond basics such as maturity date, coupon yield and current yield, as well as identifying the main bond risks. Jim explains the primary functions of a bond in a portfolio allocation, as well as how to assess the performance of bonds within a portfolio. They also reiterate the important difference between a bond and a bond fund. The guest this week is Tom Collett, Senior Attorney at Standard Retirement Services, Inc. in Cincinnati, Ohio. Tom will discuss tax-efficient business planning.
The Lifetime Income Series: Caught Off Guard – Californians Squeezed by Retroactive State Tax Increases and 2013 Federal Rates
Special Guest: Dr. Wade Pfau of The American College on the 4% Withdrawal Rule
This week Jim and Cathlyn discuss how many taxpayers, particularly in California, are getting nasty surprises heading into tax season with retroactive 2012 tax increases and higher estimated Federal taxes for 2013. They discuss tools to reduce taxable income, and the investment and taxation implications of dividend-paying stocks, retirement plans and trusts. This week’s guest is Dr. Wade Pfau of The American College. He will discuss the “4% withdrawal rule” used in traditional retirement planning assumptions, and assess its strengths and weaknesses.
The Lifetime Income Series: Make a Plan, Stan: Strategizing Now Leads to Money Later
Special Guest: Attorney Roberta Robinson on Tax Planning Strategies
In this week’s edition, Jim and Cathlyn discuss the reasons to formulate retirement and estate plans early, and why this can be very beneficial later on in retirement. They look at a case study and offer specific solutions for creating a more successful retirement. The guest this week is attorney Roberta Robinson, who speaks about tax planning for the “not-quite-1%-ers” and discusses specific tax planning strategies. Roberta is well known for her ability to explain complex ideas in a clear manner.
The Lifetime Income Series: De-Bunkering Doomsday Prepper Portfolios
Special Guest: Ben Kwon, Corporate Tax Specialist, On Structuring a Business
This week Jim and Cathlyn discuss Doomsday portfolios, mostly cash and gold, and suggest that investors look at potential outcomes and consider diversifying their assets. They discuss historical disasters and note what worked best, and also look at what would likely happen in a dollar crash. Jim and Cathlyn discuss a more balanced approach, one that would still offer protection, but also participate in market advances. In the next section of the program, Jim speaks with Ben Kwon, an expert on how to structure a business. This is great information for those considering starting a small business and wondering if they should incorporate, and if so, what form it should take.
The Lifetime Income Series: After You’re Gone- Preparing and Protecting Your Spouse
Special Guest: Dr. Judith Fradkin on Type 2 Diabetes- Risk and Prevention
In this week’s edition, Jim and Cathlyn discuss the important but difficult topic of preparing and protecting a spouse if you were to die first. They discuss the importance of consolidating estate and financial documents, reviewing financial plans, looking at the possibility of using a corporate trustee. They also discuss the emotional aspect that is a critical component of the preparation process. Also on the program, Dr. Judith Fradkin of the National Institute of Health speaks with Jim on Type 2 diabetes. Dr. Fradkin discusses the risk factors, and also prevention measures to help avoid the disease.
The Lifetime Income Series: Retooling The Retirement Withdrawal Rate (The 4% Rule)
Special Guest: David Saÿen on Medicare Fraud and how to protect yourself against it
In this week’s edition of The Lifetime Income Series, Jim and Cathlyn look at the “4% Rule” for retirement withdrawals. They discuss what it is, why it isn’t working, and what you should do instead. Jim also gives a case study on corporate trustees. Jim’s guest this week is David Sayen, Regional Administrator at the Centers for Medicare & Medicaid Services San Francisco office. David discusses examples of Medicare fraud and how those on Medicare can protect themselves and their information.