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Finishing Well

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Location:

United States

Language:

English

Contact:

919-535-8261


Episodes

Bigger Barns are Us: Breaking Down Estate Planning

9/22/2018
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Luke chapter 12 says “But God said to him, ‘You fool! This very night your life will be demanded from you. Then who will get what you have prepared for yourself? This is how it will be with whoever stores up things for themselves but is not rich toward God.” Estate planning, or taking care of your family, is part of the scripture. So what is the best way to do this before you die? The first step in estate planning is making sure you have all the proper estate documents set up and...

Duration:00:26:59

IRA Urban Legends

9/15/2018
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An urban legend is an often lurid story or anecdote that is based on hearsay and widely circulated as true. This week, continuing with the theme of urban legends, Hans and Robby discuss IRAS. Should you wait until 70 ½ to take out any Required Minimum Distributions? Doesn't this mean you pay less taxes? Does your Last Will and Testament drive IRA distributions at your death? Listen and find out if what you’ve heard is true! Don’t forget to get your copy of “The Complete Cardinal...

Duration:00:26:59

Social Security Urban Legends

9/8/2018
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There are many misconceptions about Social Security out there. Hans and Robby break down a few of those this episode, including: Get the answers to these questions and more in this week's episode! Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com for free! You can contact Hans and Cardinal by emailing hans@cardinalguide.com or calling 919-535-8261. Learn more at CardinalGuide.com.

Duration:00:26:59

Medicare Urban Legends

9/1/2018
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This week Hans and Robby answer questions about all the urban legends related to Medicare including: Is the donut hole important?What are all the Parts and how do they work together?When do you sign up for Medicare if you are still working?What about a Medicare Supplement?How much does it cost?How many parts are there?What is extra help?What is better, Medicare Supplement or Medicare Advantage? A lot of questions are answered this week, listen in to make sure you know all the...

Duration:00:26:59

Medicaid Urban Legends

8/25/2018
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Jeremiah 6:16 says “ This is what the Lord says: ‘Stand at the crossroads and look; ask for the ancient paths, ask where the good way is, and walk in it, and you will find rest for your souls.’” A lot of people planning for long-term care don’t ask where the good way is. This week, Hans and Robby discuss misconceptions, or urban legends, surrounding how Medicaid pays for long-term care. While Medicaid will pay for long-term care, it takes a lot to get to this point, and giving away all your...

Duration:00:26:59

A Tax for Every Season

8/18/2018
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Ecclesiastes 3 says “There is a time for everything, and a season for every activity under the heavens”. Everyone knows about tax season, but it is important to look at your finances and taxes every season, not just in the spring every year. This week, Hans and Robby discusses more in-depth topics regarding axes, including QCDs, capital gains taxes, itemization, and more. They even answer a listen question on air! Taxes affect every aspect in retirement. You have to look at all of this...

Duration:00:26:59

Counting the Cost of Your Death: How does it affect your family?

8/11/2018
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You might be in a different season of your life, you are not completely financially supporting your children and family anymore, but there is still an immediate need for money at your passing. Hans explains why $25,000 is the minimum amount he recommends to cover these immediate costs. While you have a Will to dictate how your assets are going to be split, the life insurance comes in to pay the bills while your family is working all of this out. Hans even tells the story of his sister who...

Duration:00:26:59

Manna Money: Investments and Income

8/4/2018
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God provided for the Israelites in the dessert with manna so they did not have to worry. Even in retirement, life and bills keep coming, but there is a way to stop this worry. Hans and Robby discuss how annuities can be the solution to this worry. If you think you are going to live a short life, buy life insurance, if you think you are going to live a long life, buy an annuity. Hans explains investments, returns, and why getting an annuity might be the best decision you can make in...

Duration:00:26:59

Law & Grace: IRAs

7/28/2018
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The government wants their money, and they are going to get their money, whether it is from you or your heirs. RMDs = Required Minimum Distribution or is it Really Motivated Distribution? Hans and Robby discuss reasons to take your Really Motivated Distributions early and late this week. One really motivated way involves building up your Social Security benefit. Another really motivated distributions allows you to give to the Church, or other charities, tax free. Don’t forget to get your...

Duration:00:26:00

Social Security: The Narrow Way

7/21/2018
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When should you take Social Security? There is a lot of conflicting information out there, but Hans and Robby break down the answer to this question today. Social Security decisions are irreversible and you don’t want to do something you will regret. Everyone’s situation is different, and it is important to sit down and think through all of your options. Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com...

Duration:00:26:59

Medicare Alpha-Bits

7/14/2018
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Proverbs 1:20 says “Wisdom calls out in the streets”. It is important to seek this wisdom when there is still time, especially surrounding retirement. This week Hans and Robby give wisdom surrounding Medicare and all its Alpha-Bits. Medicare can be complicated, but it is not that complicated! It is all written out by the government, but the information is hard to decipher. It is also hard to find an unbiased source to explain it. Supplements, parts, plans, and prices; there can be a lot...

Duration:00:26:59

Does Medicare Pay for Long-Term Care?

7/7/2018
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Proverbs Chapter 1 Verse 20 says “Wisdom calls aloud outside.” This episode, Hans and Robby will give you some wisdom to help your family. Medicare does not pay for long-term care insurance, it says this in everyone's Social Security Earnings Report. The message of this episode is not just go out and buy long-term care insurance, the message is that long-term care is a part of your entire financial plan. You need to look at your entire financial situation before figuring out what the best...

Duration:00:26:59

Who is going to pay?: Long-term care information

6/30/2018
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Most people have more difficulty accepting the possibility of incapacity than they do facing the reality of their own death. The biggest consequences of failing to plan for long-term care are suffered by the family. This episode will dive into the 4 different types of long-term care insurance, how Medicare covers long-term care, and how to get a plan in place for long-term care coverage. To learn more, or get the long-term care chapters of Hans' book "The Complete Cardinal Guide to...

Duration:00:26:59

Rendering unto IRMAA: Income Tax in Retirement

6/23/2018
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Proverbs 21:20 says: “The wise store up choice food and olive oil, but fools gulp theirs down.” Today, the fools are the people paying taxes unnecessarily. Hans and Robby talk about the new tax bill, Qualified Charitable Distributions, and tithing. Hans also tells the story of a client who got some bad advice about her IRA’s and how Cardinal helped her correct this, resulting in less tax for her heirs. Lastly, they discuss IRMAA, or the Income Related Monthly Adjustment Amount. This...

Duration:00:26:59

Psalm 90:12: Lessons on Life Insurance

6/16/2018
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“Teach us to number our days, that we may gain a heart of wisdom.” Recognizing your own mortality and being prepared with life insurance is a gift to your family, giving them financial security when you are gone. Hans tells the story of a couple of clients who were able to purchase life insurance at 74 years old. After one of them passed, their children realized they would need more to cover expenses when the other one died. Hear what Hans and Cardinal were able to do to help...

Duration:00:26:59

Don’t Go for Gold: Investments & Income

6/9/2018
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This week, Hans and Robby discuss investments and income; what to do and especially what not to do. Listen to Hans discuss what happened when one client put all their investment money into gold bars. Hans also tells the story of the strategy Cardinal put into place for clients who had over $100,000 in credit card debt. Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com for free! You can contact Hans and...

Duration:00:26:59

The Devil and IRAs

6/2/2018
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IRAs and 401(k)s are used by retirees to create a pension for life. There are a lot of easy mistakes that can be made that end up costing thousands in taxes and penalties. Beneficiary designations, QCDs, Wills, distributions, and long-term care implications are all discussed by Hans and Robby this week on “Finishing Well”. Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com for free! You can contact Hans...

Duration:00:26:59

Till Death Do us Part… B: Medicare

5/26/2018
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On this episode of “Finishing Well”, Hans and Robby discuss Medicare. They go into enrollment dates, how Medicare works with work coverage, and how different spouses are covered. They also delve into Medicare Supplements a little more! Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com for free! You can contact Hans and Cardinal by emailing hans@cardinalguide.com or calling 919-535-8261. Learn more at...

Duration:00:26:59

Per Diem: All Your Social Security Questions Answered

5/19/2018
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This week on “Finishing Well”, Hans and Robby answer many questions about Social Security. What does the bible have to say about Social Security? What is the best age to take Social Security? Do you have to wait until Full Retirement Age? Is it ever okay to take Social Security at 62? What are spousal benefits? What about divorced or deceased spouses? Hans and Robby also look at Robby’s personal Social Security Earnings Report. Don’t forget to get your copy of “The Complete Cardinal Guide...

Duration:00:26:59

Where’s the Beef?: Long-term care affects the entire family

5/12/2018
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This week on “Finishing Well”, Hans and Robby get into the “meat” of long-term care. They discuss policies and the actual prices of these policies. Long-term care insurance is not what it was 20 years ago. They also go more in-depth on what self-insurance really means and what short-term care insurance actually covers. Hans discusses a few client stories, specifically Patricia and Caroline, and how they set up a plan for long-term care. With long-term care, the burden is going to fall onto...

Duration:00:26:59