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Plan With Dan

Markets and Investing

Weekly investing and financial planning wisdom with Dan Betzel of Betzel Wealth Advisors in Columbus, OH.

Location:

United States

Description:

Weekly investing and financial planning wisdom with Dan Betzel of Betzel Wealth Advisors in Columbus, OH.

Language:

English

Contact:

9193781410


Episodes

How Does Flying Relate to Retirement Planning?

9/19/2019
You don’t need to be understand the basics behind flying but you’ll need some guidance from a professional to grasp the finer points and nuances to the actual process. Believe it or not, there are a number of parallels between flying and retirement planning and that’s what we plan to tackle on this episode. Today's rundown: 0:29 – What’s on today’s show. 1:01 – Dan has some news to share about the podcast. 2:02 – In the News: Trend in the wedding industry where couples are taking out loans for their ceremony. 3:00 – There’s really no correlation between a wonderful ceremony and the amount you spend on it. 6:13 – Introducing the main topic of flying and retirement. 7:01 – The first you do before you fly is you have a flight plan. 9:44 – Sometimes you have to deal with turbulence along the way. 14:49 – There are times when you need assistance. When you aren’t sure what’s ahead or you just need some navigation help. 18:46 – Getting to know Dan: What job would you be terrible at? 22:44 – Mailbag question: I’m retiring in six months and worried about whether we’ll have a market crash before I get to the finish line. Will I be okay for the next six months? Get the full show notes and additional resources by clicking here.

Duration:00:28:56

Challenges That Millennials Face in Financial Planning

9/5/2019
It’s easy to take shots at millennials and joke about many of the stereotypes that follow them around, but that’s not always fair. That younger generation faces many new challenges that weren’t around 15-20 years ago, and it makes it difficult to start saving and planning for retirement. We’ll address those issues in this episode. Check out the show notes for this episode by clicking here.----more---- Today's rundown: 0:37 – Dan is preparing for his annual trip to Israel. 3:10 – Financial issues that might impact millennials. 4:15 – Education has changed so much and it’s difficult financially. 6:13 – It’s also harder now to buy a house. 8:00 – So many overqualified job candidates are underemployed. 9:34 – Many people I meet with are now caring for their aging parents. 13:26 – Getting to Know You: Who is someone that always makes you laugh. 15:57 – Mailbag question: What kind of annual return should I be seeking on investments in retirement.

Duration:00:20:43

Potential Financial Pitfalls for Someone Entering a Nursing Home

8/15/2019
When facing the decision to put a loved one into a nursing home, the last thing you want to be concerned about is their safety and security. That’s true of financial and physical health. There are some financial pitfalls that you need to know about so you can protect your family. Check out the full show notes by clicking here. Today's rundown: 0:28 – Dan is celebrating a milestone. 2:36 – Introducing today’s topic of elder abuse. 3:42 – The first thing you need to do with your parents or children if you’re getting older and a nursing home is in your future. 4:10 – It’s important to interview before putting someone in a nursing home. 5:00 – Be aware that some nursing homes offer financial seminars. 5:40 – Another thing that nursing homes might try to ask of you. 6:21 – Some of these facilities even have banks. 7:41 – A recent case Dan read about that had nursing home abuse. 10:51 – Getting to Know You segment: If you didn’t have to sleep, what would you do with that extra time? 13:14 – Mailbag question 1: I’m retired now and need income off my investment. Should I invest in dividend-paying stocks?

Duration:00:16:37

Things You Should Consider When Inheriting a Home

8/1/2019
Inheriting a home can be major life change and it bring with it a number of decisions that need to be made. Depending on who else was included in the inheritance, you’ll have to figure out what you want to do with it. Every decision brings a different set of pros and cons so understanding those will help you determine what option is best. To see the show notes, click here. ----more---- Check out today's rundown below: 2:55 – The situation that surrounds inheriting a home. 3:45 – When you inherit a home, you essentially have these 3 choices. 4:08 – Capital gains will likely be much lower than you expected. 4:33 – Insurance issue you might face if you don’t plan on occupying the home. 6:37 – Pro and cons to renting the home. 8:17 – Dan shares his own family experience and what decision they made with an inherited home. 9:51 – Estate planning falls under the holistic approach to managing your portfolio. 11:28 – Getting to Know You segment: What hobby would you get into if time and money wasn’t an issue? 14:09 – Mailbag question: Should I capture my recent 401k gains and take the risk off the table or should I continue on?

Duration:00:17:18

Weaknesses in 401k Retirement Plans

7/18/2019
One of the most popular retirement plans that people utilize is the 401(k). It’s often the easiest place to start when you begin saving for your future and a many times a employer will offer the option as part of a compensation package. The 401(k) definitely serves its purpose but there are some weaknesses that might make you look to other investment opportunities. See the show notes by clicking here. ----more---- Take a look at the full rundown of the show below and click the timestamp to skip to a specific portion of the episode. 1:19 – Quote of the Month from Zig Ziglar 4:28 – Get to Know Dan: Any discipline you’re proficient in outside of finance? 7:50 – Mailbag: I thought I’d be in a lower tax bracket after retirement but that’s not the case. What went wrong? 12:11 – Weaknesses in many of the popular investments offered. 12:30 – How administrative fees became common and why you should pay attention to them. 15:06 – Limited assets classes can shrink your options.

Duration:00:21:43

Finding Financial Security

7/3/2019
“Financial security” might mean different things to different people, but for nearly everyone, finding financial security is the most important part of their retirement plan. So, how do you define financial security? Full show notes: http://betzelwealthadvisors.com/2019/07/finding-financial-security/ ----more---- Tactical Points: In The News 1:15 RMD age change Getting To Know Dan 2:59 Danger Dan Mailbag 7:26 Angie: Long-term care Financial Security 10:09 What Does Financial Security Mean To You? 12:15 Definition #1: “I don’t want to be a burden on my kids, regardless of my health situation” 13:22 Definition #2: “I want to be sure that I never run out of money” 15:01 Definition #3: “After I retire, I want to be able to work part time if I want to, but not because I have to” 16:40 Definition #4: “If I need a knee replacement or a new transmission, I don’t want that to prevent me from spoiling my grandkids at Christmas” Additional Resources: YouTube Channel

Duration:00:21:28

The Real Definition Of “Safe Money”

6/20/2019
Today's Objective... It seems that people have different definitions of “safe money” as it relates to their savings. Let’s discuss some of those varying explanations of the term and why it’s an important conversation for any retiree or pre-retiree to have. Check out the full show notes for this episode: http://betzelwealthadvisors.com/2019/06/the-real-definition-of-safe-money/ Tactical Points: 2:09 How do people define safe money? 4:06 Do most people understand how much risk or safety they have? related episode 6:40 A client example In The News: 10:33 IRA and 401(k) contribution limit increasing IRSrelated episode Getting To Know Dan: 12:59 Summer plans Celtic music Additional Resources: YouTube Channel Free Retirement Toolkit: Just click the picture to get your free retirement toolkit now! Subscribe: Apple PodcastsGoogle PodcastsSpotifyiHeartRadioTuneInStitcher The Host: Dan Betzel - Contact - Retirement Trailblazer Guide - Retirement Rescue Toolkit - Call: 614-472-4510

Duration:00:15:41

Famous Last Words (You Don’t Want to Say!) In Retirement

6/6/2019
Hopefully your famous last words in life won’t be “Hey y’all, watch this!” And in the financial world, there’s quite a few phrases that you don’t want to be your famous last words either… Dan talks through some common financial phrases that certainly aren’t words to live by. Check out the full show notes: http://betzelwealthadvisors.com/2019/06/famous-last-words-you-dont-want-to-say-in-retirement ----more---- Tactical Points: 2:58 “I want to get out of the market and stay out (after 2008)” 5:00 “I like the security of cash” 6:33 “I’m not planning to live a long time” 7:33 “I’ll never go to the nursing home” 9:26 “I can always go back to work” 13:18 Mind Over Money: Handling Risk Your Money and Your Brain by Jason Zweig 17:09 Mailbag: Inherited Stocks step-up in basis 19:39 Getting to Know You: Favorite Movie Additional Resources: YouTube ChannelBook link: https://www.amazon.com/Your-Money-Brain-Science-Neuroeconomics/dp/0743276698 Step-up in basis: https://www.investopedia.com/terms/s/stepupinbasis.asp Free Retirement Toolkit: Just click the picture to get your free retirement toolkit now! Subscribe: Apple PodcastsGoogle PodcastsSpotifyiHeartRadioTuneInStitcher The Host: Dan Betzel - Contact - Retirement Trailblazer Guide - Retirement Rescue Toolkit - Call: 614-472-4510

Duration:00:21:52

5 Simple Retirement Questions (That Are Hard to Answer)

5/16/2019
These five questions are quite common. They're deceptively simple, and depending on your situation, they can be quite complex to answer. Beyond a simple “yes” or “no” answer, let’s hear what Dan has to say about these important retirement questions. Click the link to receive your FREE Retirement Rescue Toolkit: https://bv341.infusionsoft.com/app/page/taxfree-kit Click the link to read more from Dan's Blog: http://betzelwealthadvisors.com/2019/05/5-simple-retirement-questions-that-are-hard-to-answer/

Duration:00:21:49

To Fish Or Cut Bait?

5/2/2019
Decision-making can be tough, and it's often tempting not to make any decision at all. As you research a decision, you're often hit with a barrage of information, and if you're not careful, you can find yourself stuck. However, there comes a time when we all need to fish or cut bait as the saying goes. Discover the importance of decisiveness and the dangers of analysis paralysis. Click the link to receive your FREE Retirement Rescue Toolkit: https://bv341.infusionsoft.com/app/page/taxfree-kit Click the link to read more from Dan's Blog: http://betzelwealthadvisors.com/2019/05/to-fish-or-cut-bait/

Duration:00:22:01

Conventional Wisdom Isn’t Always So Wise

4/18/2019
Wouldn’t it be great if retirement came with a simple manual we could all follow step-by-step? It would sure make things easier. Unfortunately, there’s no such universal manual and to make matters worse, most of the conventional wisdom about the financial world also tends to lead people astray when they follow the advice blindly. Check out http://betzelwealthadvisors.com/2019/04/conventional-wisdom-isn’t-always-so-wise for the full blog post, show notes, and related links to this episode.

Duration:00:21:36

When Is It "Safe" For You To Retire?

4/4/2019
Do you have enough money to retire? At what age or dollar amount will you get there? How can you be sure? These are all questions we’ll talk about in today’s podcast. Visit http://betzelwealthadvisors.com/2019/04/when-is-it-"safe"-for-you-to-retire? to view the full show notes of today's episode and related resources and links.

Duration:00:21:58

The 5 Most Common Pain Points In Your Financial Life

3/21/2019
When it comes to financial planning, everyone has some kind of pain point. They're different for each client, but everyone has something that bothers them. Dan explains how he helps his clients to alleviate their "pain points." Click the link to receive your FREE Retirement Rescue Toolkit: https://bv341.infusionsoft.com/app/page/taxfree-kit Click the link to read more from Dan's Blog: http://betzelwealthadvisors.com/2019/03/the-5-most-common-pain-points-in-your-financial-life/

Duration:00:17:57

The 6 Things Wasting Away In Your Financial Junk Drawer

3/7/2019
You probably have a junk drawer at home. It's filled with knick knacks like rubber bands, clothespins, and ink pens, and highlighters. While you might not realize it, you probably have a financial junk drawer as well. Discover six things you could be giving a better purpose. Click the link to receive your FREE Retirement Rescue Toolkit: https://bv341.infusionsoft.com/app/page/taxfree-kit Click the link to read more from Dan's Blog: http://betzelwealthadvisors.com/2019/03/the-6-things-wasting-away-in-your-financial-junk-drawer/

Duration:00:18:09

Episode #76: Watch Out For These Financial Mistakes

2/21/2019
Join us as we outline some of the crucial financial mistakes we see our clients making. Don't worry, we'll outline how to avoid them as well. Click the link to receive your FREE Retirement Rescue Toolkit: https://bv341.infusionsoft.com/app/page/taxfree-kit Click the link to read more from Dan's Blog: http://betzelwealthadvisors.com/2019/02/episode-76-financial-mistakes/

Duration:00:20:06

Episode #75: Little Missed Details

2/7/2019
The little missed details in your financial plan could be costing you. Pay attention to the fine print, and cover the little things in your retirement plan. Click the link to receive your FREE Retirement Rescue Toolkit: https://bv341.infusionsoft.com/app/page/taxfree-kit Click the link to read more from Dan's Blog: http://betzelwealthadvisors.com/2019/02/episode-75-little-missed-details/

Duration:00:19:43

Episode #74: Mark Twain's Financial Wisdom Part 02

1/17/2019
There's a lot to be learned from the wit and wisdom of Mark Twain. Join us as we dive into part two of our series on his famous sayings. Click the link to receive your FREE Retirement Rescue Toolkit: https://bv341.infusionsoft.com/app/page/taxfree-kit Click the link to read more from Dan's Blog: http://betzelwealthadvisors.com/2019/01/episode-74-mark-twains-financial-wisdom/

Duration:00:19:21

Episode #73: Mark Twain's Financial Wisdom Part 01

1/3/2019
There's a lot to be learned from the wit and wisdom of Mark Twain. Join us as we discover what he might have to say about our finances. Click the link to receive your FREE Retirement Rescue Toolkit: https://bv341.infusionsoft.com/app/page/taxfree-kit Click the link to read more from Dan's Blog: http://betzelwealthadvisors.com/2019/01/episode-73-mark-twains-financial-wisdom/

Duration:00:15:17

Episode #72: You've Lost That Financial Feeling

12/20/2018
Financial planning is more than math and logic. There are times when it's important to consider your emotions. Dan helps us tap into that financial feeling. Click the link to receive your FREE Retirement Rescue Toolkit: https://bv341.infusionsoft.com/app/page/taxfree-kit Click the link to read more from Dan's Blog: http://betzelwealthadvisors.com/2018/12/episode-72-financial-feeling/

Duration:00:19:08

Episode #71: Defining Risk Tolerance

12/6/2018
Risk tolerance is a buzzword that gets used in many financial conversations, but what is it, and how does it affect your retirement plan? Dan explains. Click the link to receive your FREE Retirement Rescue Toolkit: https://bv341.infusionsoft.com/app/page/taxfree-kit Click the link to read more from Dan's Blog: http://betzelwealthadvisors.com/2018/12/episode-71-defining-risk-tolerance/

Duration:00:18:35