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Weekdays 7p-8p Moneytalk’s content is for informational purposes only and should not be construed as investment advice or a recommendation. Please consult your financial professional for your individual situation. Securities and advisory services offered through Commonwealth Financial Network®, Member www.FINRA.org + www.SIPC.org, a Registered Investment Adviser. Additional advisory services offered through Sowa Financial Group, Inc are separate and unrelated to Commonwealth. Sowa Financial ...
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That 10 year stretch of time leading up to retirement is a critical period when your strategic retirement plan gets accelerated to get you to your goal, and how you choose to focus your efforts and resources will make all the difference. Donna runs through 10 questions you should be asking yourself when planning for your final approach to retiremen…
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Winston Churchill once said, “Of all of the economic systems, Capitalism is by far the least worst.”, and if we trace back the origins of Capitalism, we see a social construct designed to fuel growth and prosperity that also inadvertently led to widespread inequality. On this edition of our MoneyTalk Moment in Financial History, Nathan discusses ho…
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Even with equity markets soaring, the only two mutual funds categories seeing positive flows over the past 5 years have been multi-sector bonds and money markets, which begs the question, what has happened to investors’ appetite for risk? Donna and Nathan discuss the forces driving this phenomenon, and whether the Fed’s rate policy pivot may turn t…
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If you are one of the millions of Americans who doesn’t have a will, trust, or other estate planning tool in place, your assets are left at the mercy of the laws of the state in which you live, which can lead to unintended costs, headaches, and conflicts for your loved ones. On this Best of MoneyTalk episode, we revisit a conversation with estate p…
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IRAs are a great tool for saving for retirement, but they do have their limits, and for those looking to boost their retirement savings or who don’t qualify to contribute to a Roth, there is a variety of after-tax options that you could consider. Nathan takes a question from one of our listeners to discuss strategies for saving in non-retirement ac…
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During presidential elections, both sides of the aisle like to emphasize their candidate’s positive potential for the stock market, but what does the data tell us? Donna and Nathan run through each political party’s record on market performance when in control of the Whitehouse. Also on MoneyTalk, retirement healthcare costs, and Stock Trivia: Two …
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When the Nasdaq was founded back in 1971, it was a niche stock exchange providing liquidity for small cap stocks that the NYSE didn’t want to cover, but today it has become the country’s most actively traded stock exchange and the preferred platform for the tech industry. On our MoneyTalk Moment in Financial History, Nathan and Steve tell the story…
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Since the pandemic, the US has seen a spike in the number of new small business start ups, and although this sounds like good news for the economy, we’ve also experienced a decline in the number of workers being employed by these small businesses. Donna and Nathan discuss what a larger, leaner business landscape means for the overall economy. Also …
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Taxes tend to be a leading decision maker for voters, and with both sides of the divide stirring up disinformation about the opposition’s tax policies this election season, many are left unclear about the true fiscal agendas at play. Donna and Nathan walk us through the details of some of the more consequential tax proposals circulating during duri…
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When leaving a job, many people choose to roll over their existing 401(k) to an IRA, but what you may not know is that there can be benefits to leaving your money where it is. Donna takes us through some of the considerations when deciding what to do with your old 401(k). Also on MoneyTalk, how to determine if you need long-term care insurance, and…
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Americans are always seeking opportunities to save on their taxes, and with healthcare costs for retirees continuing to rise, medical expenses are an often untapped area for tax savings. Donna and Nathan discuss how to identify which medical expenses are deductible, and which are not. Also on MoneyTalk, questions you should ask your financial advis…
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The Department of Labor is embroiled in a legal dispute with the insurance industry over legislation aimed at protecting consumers from inappropriate annuity sales practices. Donna and Nathan discuss both sides of the debate and explain why they believe the case against annuities may be being oversold. Also on MoneyTalk, who should be working with …
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Social Security is a core component of most Americans’ retirement plans, but it may surprise you to hear that it was highly controversial when initially proposed, and to get it passed Congress had to include complex provisions which still exist to this day. Donna and Nathan discuss the intricacies of the Social Security system, and the reasons why …
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Over the last few years we’ve witnessed the most rapid period of rate hikes in modern history, and nowhere can this be felt more prevalently than in the mortgage market. Nathan speaks with Mike Kidwell, loan officer at Leader Bank, to discuss the state of the US mortgage market, how to determine the right time to refinance, and how the transformati…
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Each year on Black Friday American shoppers spend billions of dollars on goods, but what you may not know is that the original black Friday was anything but a boon for the economy. On this edition of our MoneyTalk Moment in Financial History, Nathan covers the events of Black Friday 1869, the historic market crash driven by plummeting gold prices, …
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If you are considering moving to a state with no income tax to reduce your cost of living, you may be in for a surprise. Donna and Nathan discuss how states that charge no personal income tax to attract new residents make up for it in other ways. Also on MoneyTalk, 7 lessons for new retirees, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sow…
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Many investors who don’t anticipate needing their retirement assets for income seek out ways to limit their future required minimum distributions. Donna discusses strategies for minimizing RMDs to reduce your retirement tax burden. Also on MoneyTalk, 529 best practices, lining up your retirement income sources, and how to handle your mortgage in re…
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The unfortunate truth is that most people are not saving enough in their early working years, when their dollars make the greatest impact on their future retirement portfolio, and each decade that passes brings its own unique set of demands on your finances. Donna takes us through the evolution of our financial needs throughout the decades. Host: D…
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Umbrella Insurance & Kids with Credit Cards
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On this episode, Donna and Nathan discuss umbrella insurance, and how to reinforce responsible use of credit cards with adult children. Also on MoneyTalk, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 8/1/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-r…
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On this episode of MoneyTalk, Nathan takes us back to basics to make sense of topics that some find confusing, including: workplace accounts, investment vehicles, investment categories, and more. Host: Nathan Beauvais, CFP®, CIMA®; Air Date: 7/26/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation! …
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The IRS recently provided clarification on inherited IRA distribution rules in response to confusion around the changes introduced in the SECURE Act 2.0. Donna and Nathan explain how this new information impacts inherited IRA holders, and the tax consequences for failing to follow the rules. Also on MoneyTalk, lessons on behavioral finance and Stoc…
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We spend a lot of time focusing on savings strategies, but at a certain point you’ll want to use that money, and the process for withdrawing from your assets should also be approached strategically. Donna and Nathan discuss how to make tax smart withdrawals from your investment accounts. Also on MoneyTalk, budgeting practices and frequently asked M…
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Let’s be honest, none of us like thinking about our mortality, and unfortunately this can lead to procrastination with addressing important estate planning matters. Donna and Nathan discuss some of the more common estate planning mistakes and some simple steps you can take ensure that your assets are protected for the long haul. Also on MoneyTalk, …
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As money managers, we tend to consult history as a guidepost for where markets may be headed, and the further back you look, the clearer the picture often becomes. Nathan and Steve take us on a journey through 100 years of stock market returns, highlighting trends that may surprise you. Also, on our MoneyTalk Moment in Financial History we discuss …
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With the provisions of the Tax Cuts and Jobs Act set to sunset at the end of 2025, Americans are taking a closer look at their tax deferred retirement accounts and how they can act now to minimize their lifetime tax bill. Donna discusses three things you should think about if you are considering a Roth conversion to get ahead of expected tax increa…
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The rules on Inherited IRAs have changed since the passing of the SECURE Act 2.0, and if you’re not up to date on the details you may find yourself on the wrong side of some serious tax liability. Donna discusses the options for those receiving on non-spousal inherited IRAs. Also on MoneyTalk, 529 rollovers, qualified charitable distributions, and …
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The once vanilla market for passive investments has become more akin to a supermarket, with options tailored to every possible taste. Nathan and Steve discuss some of the more exotic and creative specialty funds available today, with focuses such as employee satisfaction, particular religious beliefs, gender diversity, obesity, and more. Also, on o…
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Donna and Nathan discuss how experience and relatability weigh in to the decision of choosing a financial advisor, and non-retirement situations that prompt people to engage in financial planning. Also on MoneyTalk, Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 7/11/2024. Have a q…
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The shift from do-it-yourself financial planning to seeking the help of an advisor typically happens as you approach retirement, but other common triggers are unplanned life events, like inheriting money. Donna and Nathan discuss the rules and considerations around inheriting different types of financial accounts. Also on MoneyTalk, explaining the …
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