Location:

United States

Language:

English

Contact:

919-535-8261


Episodes

Retirement Income: The Tragedy of Retirement

2/22/2020
The number one worry retirees face is outliving their money. Hans and Robby go through 2 examples of clients who faced this fear, one who did it early and one who did it late. While it is scary to face this fear head on, it is only going to benefit you the earlier you start the process of planning. While annuities get a bad rap, Hans goes through how, with the right plan and policy, annuities can give you a guarantee that you cannot outlive your money. Don’t forget to get your copy of “The...

Duration:00:27:05

IRA Season of Harvest

2/15/2020
When you retire, your life goes through a huge season of change, especially when it comes to your finances. The recently passed Secure Act adjusted how this season can go for you and your income. The most notable adjustment comes to RMDs, or Required Minimum Distributions, for IRAs and 401(k)s. The required start age for these has now been pushed back to 72 from 70 ½ . While this could be considered a “tax break” by some, it is really important to look at this from a larger standpoint,...

Duration:00:27:05

Long Term Care: Financing Home Health Care

2/8/2020
Home health care is the most popular choice when asking people how they would prefer to receive long term care services. It can also be one of the most expensive choices. Hans and Robby talk about what you can do now to plan for this cost as well as how Hans helps people who don’t plan ahead of time and are now in crisis. They go over prices of policies you can purchase to cover home health care as well as other ways you can prepare for this expense. Don’t forget to get your copy of “The...

Duration:00:27:05

Medicare Lesson: IRMAA

2/1/2020
IRMAA, or Income Related Monthly Adjustment Amount, is a Medicare tax on the wealthy. IRMAA is a surcharge on Part B and Part D. It is based on your income from your tax returns 2 years prior, so in 2020 that is 2018’s tax return. Hans talks about clients he has had, that are normally surprised and angry about the charge. While some clients income has changed dramatically in 2 years, and therefore are able to appeal the charges, others just have a significant income in retirement. If that is...

Duration:00:27:05

Social Security Spousal Benefits

1/25/2020
Robby and Hans talk all about Social Security spousal benefits this week! If you have ever been married or will ever be married, spousal benefits will really matter in retirement, especially for your family. Hans goes over all the misconceptions that people have about spousal benefits, such as benefits for divorcees and widows, benefit amount for spouses, and what is the right age to take your check! Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in...

Duration:00:27:05

Income Tax 62+

1/18/2020
It’s 2020 and it is time to have a straight talk on taxes! Retirement changes taxes, that is a fact. Once you have different income sources, such as IRAs and Social Security, taxes are going to look really different. You are now in control of your income, at least part of it, and you need a plan. Hans and Robby go over tax charts for 2020 and what they mean for you. One of the biggest suggestions Hans gives is to not be scared to pay a little more taxes now to live tax free in the future....

Duration:00:27:05

Retirement Income: God’s Secure Act

1/11/2020
The Secure Act was passed in Congress at the end of 2019. It changed a few things related to retirement, including Stretch IRAs. Stretch IRAs now have to be emptied after 10 years. Hans and Robby go through what this means, how it affects you, and even strategies to put into place so you can avoid ever worrying about this! It is all for your family. 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...

Duration:00:27:05

Discovering IRAs: The SECURE Act

1/4/2020
The SECURE Act was recently passed, making big changes to your IRAs and 401ks. Hans talks about what was changed, how this will affect you, and what you need to do. Important note: The SECURE act really does not have any affect on your Roth IRAs. If you have more questions about all of this, please reach out to us, we would be happy to go through everything with you! Don't forget to get your copy of "The Complete Cardinal Guide to Planning for and Living in Retirement" on Amazon or on...

Duration:00:27:05

IRA Butt Dust

12/28/2019
Butt Dust? We know it sounds weird, but as always, Robby explains not only how this is relevant to scripture but how it is relevant to money, specifically IRAs! Hans talks about everything he learned at his tax conference recently that focused on how to maximize your use of IRAs, especially traditional vs. Roth IRAs. 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:00:27:05

Social Security Chains

12/21/2019
Did you know Social Security can be taxed? Robby didn’t! Hans and Robby talk all about taxes, Social Security, and what you can do to either stop or lower these taxes. 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:00:27:05

Lion King Long Term Care

12/14/2019
This week, Hans, Robby, and guest Tom Griffith, CFP, talk all about the objections people give when discussing long term care. It is so important that you have a plan for it, no matter how rich or poor you are, no matter how healthy or sick you are, and no matter how much you think your kids will step in to take care of you. 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...

Duration:00:27:05

Income Tax Wisdom

12/7/2019
Hans and Robbys discuss income tax for people who are retired this week on Finishing Well! Have questions? Please reach out - we would love to answer them on the show! 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:00:27:05

Life Insurance Windbags

11/30/2019
Ever meet someone who has so much knowledge that they end up sounding like a windbag? Hans and Robby discuss how some consumer activists in the financial industry talk about life insurance and what they get wrong this week on Finishing Well. Life insurance sometimes gets a bad rap - it is too expensive, or a bad investment, or you don’t need it once you retire. Hans goes over where he agrees with these people, like about term insurance, and where he disagrees. People need life insurance in...

Duration:00:27:05

Medicare Fundamentals

11/23/2019
Jesus was all about the fundamentals, as Robby shares on this week's show. Hans is all about the fundamentals too, especially with Medicare. Consumers cannot really understand Medicare and what their coverage is until they understand the basics! Learn all about the parts, plans, and premiums of Medicare on this weekend episode of Finishing Well! We even talk about 2020 changes! Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on...

Duration:00:27:05

Retirement Income

11/16/2019
Trust. It is one of the most important qualities a financial advisor can have. Robby talks to Hans about gaining this trust in his clients and what he does differently. Hans stresses that you have to find a financial advisor that is focused on more than investing your money, especially when you are in or near retirement, and is looking at the big picture. Retirement plans are different for every single person, and at Cardinal, our biggest focus is the income your money can produce and the...

Duration:00:27:05

Your IRA

11/9/2019
Everyone’s IRA is different, but yet they are still taking advice and facts from their friends and family. Hans and Robby address this issue as well as all the options you have for making the most of your IRA, by lowering your taxable income, not receiving penalties, and handling required minimum distributions. First up is penalties for required minimum distributions. Some people have this idea that they never want to pay taxes so they are not going to touch their IRA. This is a mistake,...

Duration:00:27:05

Social Security Decisions

11/2/2019
This week, Hans and Robby discuss foundational beliefs that are inaccurate. This happens in faith all the time, but it also happens with Social Security beliefs. Some people think you have to take it as early as you can, some think you have to delay it as late as you can. Do not make decisions with limited information from one or two people. Age relative to your needs, health, and your spouse, are really going to be the key to Social Security timing. Hans and Robby get into the false...

Duration:00:27:05

Loving Your Household Through Long Term Care Planning

10/26/2019
If you look up the word “Love” and “Father” in Hebrew you’ll notice the Hebrew symbol for “household” in the middle of each. This week, Hans and Robby talk about the love and stewardship behind long-term care for the sake of your household. Robby talks about a woman who told him about her mother’s declining health. Originally, she was going to have to take off work to take care of her mother. A few months ago, she was able to hire someone to help take care of her mother and it was a...

Duration:00:27:05

Medicare for Ordinary People

10/19/2019
Medicare Annual Open Enrollment is upon us and Hans and Robby dig into what you really need to know to come out with the best outcome. This season can bring a lot of confusion for Medicare enrollees. If you don’t have a good picture of where you currently are in Medicare, it is only going to make it harder. Find out how to identify what plan you are on and what you need to do before December 7th! Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in...

Duration:00:27:05

Taxes: Hiding vs. Frontal Assault

10/12/2019
You cannot hide from taxes, they will catch up with you eventually. Some people push it off and decide they don’t want to pay them until later, or even pass them onto their children. If you take taxes head on, ask for advice, and put strategies into action for you individual situation, it can end up saving you money in the long run. Hans and Robby start out talking about how low the tax rates currently are. Hans suggests for many of his clients that it is advantageous to pay more tax this...

Duration:00:27:05