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Episode #28 - Confused By Annuities?

Why Annuities Seem Confusing Hey, thanks for joining us on this podcast. Before I forget, I’d love to hear from you. I get questions all the time from our listeners and viewers, but what I’d like you to do is send me a topic or two that you would like to hear more about on a future podcast. Go ahead and send your suggestions to and in the subject line, put TOPIC. Okay, great….look forward to hearing from you. I know one topic I get asked a lot about is...

Duration: 00:21:08

Episode #27 - The 5 Steps to Financial Freedom

Well, hi everyone! Welcome to another Wealthy and Wise Wednesday. In this podcast and video, I wanted to cover a few critical issues that come up regularly, as people call in from all over the country. They like the idea of a well-engineered High Cash Value Life Insurance Policy but want to know exactly where it fits in. 00:01:01 So let’s talk about that for a second here. If we break down the steps to what I’ll call the 5 Steps to Financial Freedom, they may look something like...

Duration: 00:26:52

Episode #25 - Is the New Tax Law Good For You?

Hi everyone and welcome to another Wealthy and Wise Wednesday. We’re pushing right up to Christmas. It's getting kind of exciting, seems like every time I go out on the streets, it gets more and more and more crowded. How is it in your part of the country? 00:00:18 So you could get really frustrated with trafficking. I grew up outside of the bay area in California and before my wife and I moved out to California, we lived in the East Bay of San Francisco area and man, it was traffic and...

Duration: 00:13:25

Episode #24 - Does This Market Make You Nervous?

Hi everyone and welcome to another Wealthy and Wise Wednesday. Glad you could join us for our podcast. 00:00:07 We're pushing into the Christmas season. We're just a…gee...we’re just a few weeks away. Always excited for the Christmas season especially with family coming home and all that good stuff. Our youngest daughter is away at college and she'll be home with us for a few weeks and I'm definitely looking forward to that. Looking forward to hanging around with the grandkids and watching...

Duration: 00:19:04

Episode 23 - We Finance Everything - Even When We Pay Cash!

Hi everyone and welcome to another wealthy and wise Wednesday. Hope you're doing great? Got a little background music going for you here. Maybe that will trigger a lot of memories for some of you with a little gray like I do and for others I just want you to know that the greatest music ever in the history of America was pretty much the seventies. So check it out. Anyway, I love those that era. Well, today we're going to talk about financing and this is going to be a concept that you may...

Duration: 00:12:57

Episode #22 - The 4% Rule is History!

Check out my book at

Duration: 00:19:15

Episode #21 - Can You Beat the IRS?

00:00:32 Hi everyone! Glad you could join us today. We’ve got kind of a podcast/videocast thing going on and glad to have you with me. This podcast is going to come out on Wealthy and Wise Wednesday, the day before Thanksgiving. So tomorrow is Thanksgiving. I hope you have a really good one. I hope you’ve got a lot to be thankful for and I hope you have family and friends around you to enjoy the day. So happy Thanksgiving to you. 00:01:12 Now, on a depressing thought, no just kidding. I am...

Duration: 00:16:31

Episode #20 - Teach Kids To Save

Teaching kids to save their money to buy things is okay, but it's much better to teach them to invest! That is what saving really is.

Duration: 00:29:41

Episode #19 - What Would You Do Differently?

If you could go back in time see yourself and give yourself some advice, what would you say? What would you change?

Duration: 00:09:15

Episode #18 - The DANGER of Sequence of Returns

What is Sequence of Return? Does it matter? Find out what happens when it's time to retire and withdrawal money for income. You may be surprised at how the markets can either give or take away years of income. Be prepared by understanding the risks, and the gamble of sequence of returns.

Duration: 00:13:20

Episode #17 - Do You Have a Cherry Blossom Tree?

I wish I kept some kind of count as to how many people I’ve talked to over the past nearly 33 years. I know it’s in the thousands for sure. What is interesting is that even though there are some common themes, frustrations, goals and objectives, that run through people’s financial situations, everyone is just a bit different. I realized early on that there is no such thing as cookie cutter financial planning. Because I work all over the country it’s even more interesting to hear about how...

Duration: 00:12:08

Episode #16 - Slot Machine or ATM?

A few years ago, I was talking with a couple who were about 2 years away from retiring. They had no idea how they were going to live. Don’t get me wrong, they had a pile of money and lots of assets, but no plan as to how or where the income they needed would come from. As we looked at their investments and assets literally everything except about $50,000 was invested in the markets, all at risk, and really nothing that would produce a consistent income. The $ 50,000 in cash was a small...

Duration: 00:13:31

Episode # 15 - The Truth You Must Know About Retirement

The truth you must know about retirement. The pension is all but extinct. Retirement income is all on you. Where is it going to come from? What percentage of your assets can you spend each year, to make sure your money will last as long as you do? Everything has changed - and what you don't know, can hurt you. We'll talk about the critical retirement information you need to have a successful and worry-free retirement.

Duration: 00:14:08

Episode #14 - Debtor, Saver, or Cash Buyer - Are They All The Same?

Debtor of Cash Buyer Are you a debtor or a cash buyer? What if I told you there isn’t a lot of difference between them in the end? What are we told if we pay cash for big purchases? We’re told that we’ll save money and not pay interest. Of course, that is true – and interest can stack up. Listen to the quote regarding interest: Interest never sleeps nor sickens nor dies; it never goes to the hospital; it works on Sundays and holidays; it never takes a vacation; it never visits nor travels;...

Duration: 00:23:58

Episode #12 - Prepping for Income - Part 3

Every retiree faces the same risks when it comes to taking income from their investments and savings. They are: Investment/Market riskWithdrawal Rate RiskSequence of Return RiskInflation RiskDeflation RiskLongevity Risk We better take a look at each of the risks and how they can impact you. Investment/market risk: This is pretty simple. If you have your money invested and at risk, you can suffer significant, and even catastrophic losses due to market drops. The theory is the closer you get...

Duration: 00:19:27

Episode #11 - Prepping for Income - Part 2

Dr. Menahem Yaari turned the economic world upside down when he stated in 1965 that a retiree who wanted to maximize his income would put all of his money into a lifetime income annuity and that there was no other alternative that could guarantee a more optimal solution. The reason for this has to do with “Mortality Credits” (MCs). By combining your money with others in what is known as a risk pool you can get higher payouts and more income than a person can typically get by trying to...

Duration: 00:13:22

Episode # 10 - Prepping for Income - Part 1

Have you ever seen a video of someone jumping off a diving board into a swimming pool, but somehow end up doing a BELLY FLOP? It’s funny unless of course, it’s you, right? The same goes for retirement and income planning. It’s not so fun if you are the one that runs out of money and more and more retirees face that horrific event. But it doesn’t have to be that way! I watched a video the other day where people were asked – "How do you feel about money right now?” Some of the answers were:...

Duration: 00:14:24

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