Category: Finance

Brent Hines discusses Financial Wellness and how Financial Professionals can harness this movement to better serve their clients.  Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-brent-hines-co-founder-and-chief-development-officer-of-the-foundation-for-financial-wellness/ Financial wellness is rooted in a methodology that focuses on a person’s total well-being. It brings together disciplines found in wellness, coaching, psychology, and most importantly, the behavioral sciences. In today’s complex economic environment, achieving and maintaining financial security can be difficult without taking proactive steps to improve one’s financial well-being. Financial wellness aims to help individuals manage their finances proactively…

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Renée Kennedy discusses how to prepare for taxes in retirement.  Listen to the interview on the Business Innovators Radio Network:  https://businessinnovatorsradio.com/interview-with-renee-kennedy-president-of-aaa-life-solutions-discussing-how-taxes-impact-retirement/ Taxes are an unavoidable part of life, but luckily, many options are available to help prepare for taxes in retirement. To ensure that people have the best possible plan in place for tax season, it’s important to start planning now. Renée explained: “One of the best ways to prepare for taxes in retirement is to take advantage of various types of retirement savings plans, such as a 401(k), IRA,…

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Guy McCord discusses the top myths of life insurance.  Listen to the interview on the Business Innovators Radio Network:  https://businessinnovatorsradio.com/interview-with-ft-worth-financial-professional-guy-mccord-mba-discussing-the-myths-of-life-insurance/ Life insurance is a crucial financial tool that can support people’s loved ones in case of their untimely demise. However, many myths surrounding life insurance can prevent people from taking the necessary steps to protect their families. Here are the top 3 myths of life insurance: Life insurance is only for older adults: This is one of the most common myths surrounding life insurance. Many young people believe they don’t…

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Rick Sechler discusses the factors to consider when planning for healthcare in retirement.  Listen to the interview on the Business Innovators Radio Network:  https://businessinnovatorsradio.com/interview-with-rick-sechler-cfp-founder-of-usa-retirement-solutions-discussing-managing-healthcare-costs-in-retirement/ Retirees face a variety of healthcare-related expenses during their golden years. It’s important to plan ahead to ensure that their finances are in order and they have the resources available to cover any medical costs that may arise. Rick explained: “The first step in planning your healthcare expenses is understanding the various available healthcare plans. Traditional Medicare provides coverage for seniors 65 and over, while other…

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Renée Kennedy discusses how Long-Term Care expense impacts retirement.  Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-renee-kennedy-president-of-aaa-life-solutions-discussing-weathering-the-financial-storms-of-life/ Renée explained: “Long-term care expenses can greatly impact retirement planning. It is important to consider the potential costs associated with long-term care when making financial decisions during your working years. These expenses can include professional health services, personal care services, and custodial care provided in nursing homes, assisted living facilities, or even at home. In addition, they could include any related medical supplies and prescription drugs needed to manage the…

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Discover the ultimate resource for navigating complex financial issues during divorce as Harmony Divorce Solutions unveils their innovative website, empowering clients with expert guidance and alternative resolutions for a financially secure future.

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David Royer discusses common IRA Tax Traps that can be avoided with the help of a trained professional to prevent costly and irreversible mistakes.  Listen to the interview on the Business Innovators Radio Network:  https://businessinnovatorsradio.com/interview-with-david-royer-financial-advisor-and-educator/ Avoiding certain common IRA tax traps is essential to ensure retirement savings are preserved. Here are just some of the many mistakes that should be avoided: Not taking required minimum distributions (RMDs) – RMDs are mandatory withdrawals from traditional IRAs and must begin after age 73. Failing to withdraw the correct amount or not withdrawing…

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Rick Sechler discusses the differences between Medicare Advantage and Medicare Supplement plans.  Listen to the interview on the Business Innovators Radio Network:  https://businessinnovatorsradio.com/interview-with-rick-sechler-cfp-founder-of-usa-retirement-solutions-discussing-medicare-supplement-plans/ Medicare Advantage Plans, or Part C, are one way to receive Medicare benefits. These plans combine hospital, medical, and prescription drug coverage into one plan and provide additional services that Original Medicare may not cover, often including vision, hearing, and dental. Many Medicare Advantage plans include extra benefits such as over-the-counter health and wellness items and gym memberships. Medicare Supplement Plans (sometimes called Medigap) are designed to…

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Guy McCord discusses determining if an annuity is a good fit for your retirement plan.  Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-ft-worth-financial-professional-guy-mccord-mba-discussing-annuities/ Regarding retirement planning, annuities can be a good option for many people. An annuity is a contract between someone and an insurance company where a person pays a lump sum or makes periodic payments in exchange for regular income payments during retirement. Annuities can provide a steady stream of income that can help people maintain their lifestyle during retirement and offer potential tax advantages.…

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