Financial and retirement planning guidance with Brian Doe of Livingworth Wealth Advisors, based in the Greensboro, Georgia. Serving the lake country and beyond.
We're going to tackle six great listener questions on today's show. We'll cover topics ranging from timing the market bottom to federal pensions and TSPs to cash flow problems and more. Don't miss it and don't hesitate to ask your own questions to Brian!
Read MoreThey are two very different games… Getting rich and staying rich sometimes take contrasting methodologies and attitudes to be successful. On this episode, we'll explore why that is, compare the science of investing vs. the emotion of it, and how you can include all of this in a real world financial plan. And we'll get Brian to explain what it means to plan on your plan not going to plan.
Read MoreThe Secure Act makes its return on today's episode. The Securing A Strong Retirement Act, or SECURE Act 2.0 as we like to call it, has strong bipartisan support and could become law by the end of the year. Brian will break down for us his top 4-5 takeaways for retirement planners and isolate what you should specifically have your eyes on. We'll touch on automated contributions, employer match Roth 401(k) options, delaying the RMD age (again), and the overall Rothification of the investing landscape.
Read MoreAre dividend stocks making a comeback? How will the tech sector impact the products you buy, but also the ones you invest in? And what challenges (or opportunities) exist in foreign markets? These are just some of the questions Brian will answer on today's episode as we look at 10 investment themes to keep an eye on for the remainder of 2022.
Read MoreBrian has been fielding a lot of questions lately about inflation protection strategies since everyone's looking for a way to thrive (or just survive?) in this volatile economic climate. The questions revolve around things like gold, TIPS (Treasury Inflation Protected Securities), I Bonds, REITs, ETFs and other strategies. On this episode, Brian will take a look at each of these strategies and help us evaluate whether any of these are a good idea.
Read MoreStatistics show that the average Baby Boomer has worked for six different employers by the time they reach retirement. This creates situations where perhaps you've contributed to multiple different 401(k) type of accounts. And what did you do with the money when you changed jobs? Did you leave it with the old employer's plan or roll it over into an IRA? Take a distribution? Not sure? You're not alone if you find this decision making process difficult to tackle. Listen to this episode for an in depth guide on what to consider if you're currently trying to decide what to do with an old 401(k) and evaluating to roll, or not roll, it over...
Read MoreThe Bermuda Triangle... That section of the Atlantic Ocean where planes, ships and other vessels disappear or experience unexplained phenomena. The urban legend is well known, but did you know that there's also a Bermuda Triangle of Retirement? We're experiencing it right now, in fact. It's the interesting combination of inflation, rising interest rates, and the threat of a recession. In part 3 of this series, we'll look at the third corner of the triangle, the threat of a recession. If you don't want your portfolio or financial future disappearing into the Bermuda Triangle of Retirement, then listen closely to this series, for treacherous waters await...
Read MoreThe Bermuda Triangle... That section of the Atlantic Ocean where planes, ships and other vessels disappear or experience unexplained phenomena. The urban legend is well known, but did you know that there's also a Bermuda Triangle of Retirement? We're experiencing it right now, in fact. It's the interesting combination of inflation, rising interest rates, and the threat of a recession. In part 2 of this series, we'll look at the second corner of the triangle, interest hikes. If you don't want your portfolio or financial future disappearing into the Bermuda Triangle of Retirement, then listen closely to this series, for treacherous waters await...
Read MoreThe Bermuda Triangle... That section of the Atlantic Ocean where planes, ships and other vessels disappear or experience unexplained phenomena. The urban legend is well known, but did you know that there's also a Bermuda Triangle of Retirement? We're experiencing it right now, in fact. It's the interesting combination of inflation, rising interest rates, and the threat of a recession. In part 1 of this series, we'll look at the first corner of the triangle, inflation. If you don't want your portfolio or financial future disappearing into the Bermuda Triangle of Retirement, then listen closely to this series, for treacherous waters await...
Read MoreIs it better to pay taxes today or put it off for the future? Are tax "holidays' a good idea? Do you know what IRMMA is and how it impacts your finances? Do you understand Obamacare surcharges or the "stretch" IRA? This episode has answers to all of those questions and important discussion about the common tax traps that singles & heirs fall into. Make sure you don't get snared unexpectedly by checking out today's conversation!
Read MoreWe could have gone with a more clickbait headline like Social Security IS Going Broke. But we resisted the temptation. Instead, Brian's going to give an in-depth look on this episode at all the current social security reform proposals on the table. He'll give us the actual benefit to the deficit each solution would deliver and evaluate the financial and political fallout of these items. It's interesting to see all the possible solutions, but a little scary to think how it might impact our wallets and portfolios in the future. The first half of the episode is a primer on social security history and the unique planning problems today's retirees face. Then we'll get into the proposed solutions for the second half of the show. No matter whether your a noob when it comes to understanding social security or the Arnold Palmer of income planning, there's something in this episode of Make The Dough Rise for you!
Read MoreIt's back! Market volatility has returned and it has unprepared investors wondering what to do. But do not fear, for Brian Doe is here. He'll put the most recent market upheaval into perspective for us, break down the common issues investors wrestle with during these situations and even outline for us his typical planning approach for surviving and thriving in these kinds of moments. Plus, we'll start the show with a little update on some changes to RMDs and Inherited IRAs.
Read MoreYou've heard the advice before, and it makes complete sense. Buy low. Sell high. Duh. But hardly any of us successfully do it when it comes to investing in the market. The problem is that most of us let our emotions rule our decision making and we have no "sell discipline". As Brian tells us on today's show, it's only gotten worse with the improvements and advancements in technology over the years. With recent market volatility, it's a good idea for us to bring this topic back to the top of the stack and lean on Brian to remind us why it's always good to have a system in place and to listen to it during times of upheaval.
Read MoreYou've heard of the Great Resignation. The Great Reset. The Great Georgia Bulldogs. Well now comes the Great Hodgepodge Episode of 2022. To kick off the new year, we're tackling several different headlines, news items and concepts across the financial planning landscape. We'll break down some impacts of the Great Resignation, talk about Social Security, inflation, supply chain issues, and see why Brian's previous baby boom suggestions have actually come to fruition. Join us as we set the stage for what you need to know to understand the economy and major headlines as we go head first into the new year.
Read MoreAs the year hurtles toward its finish a lot of folks are thinking about deadlines they have to meet, gifts to buy, ways they can spread generosity and many more things. On this episode, Brian will encourage you to make room for one more thing... thinking ahead just a little bit about taxes. We're going to talk about gifting, how to simplify it and do it a smart way with regard to tax implications. We'll cover Donor Advised Funds, SALT, RMDs, the standard deduction vs. itemizing, and lots of other nuances that you might just be able to leverage to your advantage (and to the benefit to the people and organizations you support). So don't miss some great discussion on our final podcast of the year!
Read MoreIt might not be as exciting as the stock market, but when you consider how much money can be saved if you properly plan for taxes the subject of tax planning should create a little more energy in all of us. On this episode, we'll talk about Brian's Tax Planning Checklist that you should review before we move the calendar to 2022. You might find some important actionable items that'll help you get the most out of your IRAs, 401(k)s, and overall financial plan.
Read MoreWhen there's so much focus in the financial world on the numbers, it's easy to neglect the items that seem like small, insignificant details. But it's actually in these small details that we see some of retirement's top mistakes. On this episode, we'll explore how and why things like account titling, beneficiary designations, powers of attorney and health directives are often overlooked and the grave consequences that are just around the corner if you aren't handling these issues properly.
Read MoreWe continue our series on top retirement planning mistakes. This week: we look at cases where people may have the savings for retirement, but those savings are in the wrong financial vehicles. Brian will detail how you can make sure your retirement portfolio is invested in the right places, at the right times.
Read MoreOur first retirement mistake was discussing doing something too early (taking Social Security). It's the opposite situation today. We'll go over why it's often a mistake to wait too long to take IRA distributions from your portfolio. Brian will show us how the risk of running out of money is tied into various withdrawal rates, why it's important to understand time periods for your withdrawals, and how to take taxes into account as you figure out the best way to fill your income gaps in retirement.
Read MoreIn part 1 of our series about top retirement mistakes, we're going to tackle the topic of claiming Social Security early. It's tempting to grab that money as soon as it's available to you. But are you really hurting your future financial health by doing so? Is it better to wait to full retirement age or even to 70 years old? Brian will walk us through the debate and show us how Social Security decisions can impact other areas of our financial plans.
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