Thursday Mar 10, 2022
Facing Geopolitical Risk
Your Money & Your Life Podcast
Financial and retirement planning guidance from Certified Financial Planner Donald Cash in Red Bank, NJ. Truly understanding what's happening inside your portfolio is so important to achieving retirement success. The planning process can be difficult if you tackle it alone, so make sure to listen to each episode to get great guidance and make the task much easier.
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Episodes
Episodes
Thursday Feb 24, 2022
Thursday Feb 24, 2022
Today we’re talking about media hype and how it can lead people to make bad financial decisions that could cause problems with or ruin their retirement. Find out if you have fallen for any of this hype.
What we discuss:
3:00 – Bitcoin
3:59 – Rhode Island couple
9:40 – Questionable Internet scheme
11:40 – Buying gold
14:20 – Investing in crypto
16:15 – Required minimum distributions
Resources:
https://leedaily.com/2021/12/05/a-couple-stored-ira-gold-at-home-they-owe-the-irs-more-than-300000/
https://www.irahelp.com/slottreport/proceed-caution-when-investing-your-ira-gold
Get additional financial information: https://doncashpodcast.com/episodes/
Thursday Feb 10, 2022
Thursday Feb 10, 2022
We are wrapping up our series on economic storms this week by focusing on the media. Between constant headlines and breaking news, there can be a lot of news to sift through. So, what should we expect from the media throughout 2022?
Screen Time -
https://www.comparitech.com/tv-streaming/screen-time-statistics/#:~:text=The%20average%20American%20spends%20over,at%20a%20screen%20every%20day.
The Social Dilemma –
https://www.thesocialdilemma.com/
The Reticular Activating System -
https://www.sciencedirect.com/topics/veterinary-science-and-veterinary-medicine/reticular-activating-system#:~:text=The%20reticular%20activating%20system%20(RAS,awake%2C%20desynchronized%20cortical%20EEG%20patterns.
What we discuss:
0:42 – Snow storm!
2:41 – Financial news
4:18 – How big media works
6:29 – Getting you addicted
8:21 – Collecting your information
10:15 – Goal to get people watching
11:43 – What do you get from the media?
13:13 – What actions are you going to take?
14:54 – Using keywords to get views
16:47 – Inflation is a real concern
18:24 – How do we deal with it?
20:18 – Don’t act on greed, fear, or anxiety
Get additional financial information: https://doncashpodcast.com/episodes/
Thursday Jan 27, 2022
Thursday Jan 27, 2022
What other economic storms can we expect in 2022? We’ll discuss stock market dips, geopolitical tensions, and more today.
What we discuss:
0:49 – Kids are back in school
4:37 – Historical tax rates
6:54 – Stock market turmoil
9:33 – Selling out of panic
10:56 – Diversification matters
12:57 – Geo-political risks
15:13 – Supply chain issues
17:51 – Increase in rent
19:12 – Top expenses
22:39 – Quality of life
Get additional financial information: https://doncashpodcast.com/episodes/
Thursday Jan 13, 2022
Thursday Jan 13, 2022
What economic threats should we be preparing for in 2022? We’ll discuss inflation, taxes, and political turmoil today and how these storms could impact your plan.
What we discuss:
1:05 – We are into 2022
3:09 – There is a lot to worry about
6:09 – Inflation touches 7%
10:04 – Prepare for inflation
12:40 – Taxes in the short term and long term
17:03 – State income taxes
19:52 – Stealth taxes
23:22 – Political turmoil
Resources:
https://www.wsj.com/articles/the-best-investment-2022-stock-market-advice-11641571196
Get additional financial information: https://doncashpodcast.com/episodes/
Thursday Dec 16, 2021
Thursday Dec 16, 2021
As 2021 comes to an end, what can we learn from this year? On today’s episode, we’ll discuss some of the top headlines and predictions of this year. How many of those predictions turned out to be correct?
Read and get additional financial information: https://doncashpodcast.com/podcast/2021-year-in-review/
What we discuss:
1:06 – 2021 is coming to an end
2:47 – Highlights, headlines, and predictions
3:47 – Let’s not put too much pressure on 2022
5:24 – Making financial decisions based on the news
7:30 – COVID impacting the market
10:27 – Is this inflation permanent?
14:00 – Political review of 2021
15:13 – Being prepared for the next year
17:03 – Investments in cryptocurrency
Thursday Dec 02, 2021
Thursday Dec 02, 2021
Giving Tuesday was this week and we are entering the most charitable time of the year. What do you need to know about charitable giving and taxes?
Read and get additional financial information: https://doncashpodcast.com/podcast/the-season-of-giving/
What we discuss:
4:09 - Itemized deductions vs. standard deductions
8:20 – Allowance of $300
9:39 – RMDs and giving
12:14 – What if you are under 70 and a half?
13:45 – Donating appreciating stock or real estate
16:04 – Estate planning standpoint
18:22 – Cash connection question
More Resources:
https://www.pe.com/2021/11/07/gift-money-now-before-estate-tax-laws-sunset-in-2025/
https://www.forbes.com/sites/ashleaebeling/2020/12/22/new-bigger-charitable-tax-break-for-2021-in-year-end-spending-package/?sh=56747c5a5710
https://www.kiplinger.com/taxes/tax-deductions/601993/charitable-tax-deductions-an-additional-reward-for-the-gift-of-giving
https://www.kiplinger.com/taxes/603773/5-year-end-moves-to-help-retirees-trim-their-tax-bill
Thursday Nov 18, 2021
Thursday Nov 18, 2021
Inflation! We are seeing it everywhere. From the gas we buy to our Thanksgiving turkeys, prices seem to be going up everywhere. How does this affect Medicare? Well, you’ll probably be paying more on premiums. Will the infrastructure bill make inflation worse? That remains to be seen but you should stay vigilant. We will discuss these issues and how they impact you on today’s show.
Read and get additional financial information: https://doncashpodcast.com/podcast/inflation-infrastructure-medicare/
What we discuss:
0:53 – Thanksgiving is coming up!
2:09 – Inflation is heating up
4:30 – Medicare premium letters
7:11 – 2020 tax year for 2022 Medicare surcharge
8:34 – Infrastructure bill passed
11:16 – Will the bill affect inflation?
13:02 – Investors navigating inflation
15:17 – Residential real estate investments
17:23 – Home prices in the past
20:55 – How does inflation affect retirement planning?
24:11 – Mailbag: Will I run out of money without a budget?
Thursday Nov 04, 2021
Thursday Nov 04, 2021
It is open enrollment season for Medicare! On today's show, we are going to discuss Medicare with expert Ray Martin. We will be covering the different types of plans, premiums, and tips you should be aware of as you reach age 65 and beyond.
Read and get additional financial information: https://doncashpodcast.com/podcast/the-abcs-of-medicare/
More Resources:
A Brief History of Medicare -
https://www.medicareresources.org/basic-medicare-information/brief-history-of-medicare/
Medicare Handbook –
https://www.medicare.gov/medicare-and-you
The Nuts and Bolts of Medicare Book -
https://martinmedicare.lpages.co/fmbcom/
What we discuss:
0:45 – Our guest Ray Martin
2:27 – Medicare basics
4:09 – Part A and B Medicare
5:44 – True universal coverage
6:54 – Premium for Medicare
10:20 – Working past 65
12:36 – Medicare supplements
15:22 – Medigap policies
17:18 – Medigap premium range
20:19 – Irmaa surcharge
21:46 – Medicare advantage plans
27:15 – Advantage plans and out of pocket expenses
29:45 – Key dates Oct 15th – December 7th
33:15 – After open enrollment
36:35 – Big limitations with switching
37:34 – Part D prescription drug plan
41:04 – Mistakes to avoid during open enrollment