The Money Knight

📞✨ Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ Retirement can feel overwhelming when so much seems out of your control. Markets rise and fall, tax laws shift, and Social Security’s future makes the news every few months. But here’s the good news: stressing about those things won’t improve your retirement. What will help is focusing on the four key areas you can control. In this episode, Wade shares the levers that actually move the needle for retirees and pre-retirees. Wade explains how to avoid emotional decisions that could derail your plan and covers everything from managing your market risk exposure to building reliable income streams. He also dives into proactive tax planning—why it’s written in pencil, not pen—and how to think about Social Security realistically without leaning on it as your primary income source. You can’t stop volatility or predict what Congress will do next, but you can put yourself in a stronger position with the choices you make today. Here’s some of what we discuss in this episode: 📉 Control how much market risk you take on 🕰️ Plan for longevity, because no one knows how long they’ll live 💵 Use tax planning to your advantage (not just tax prep) 🧭 Social Security’s true purpose: safety net, not primary retirement income 🗝️ The power of planning gives you control where it matters most Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

📞✨ Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ On a recent hiking trip, Wade noticed how Moses, his Cavapoo, darted after every squirrel, bird, and chipmunk along the trail. It was funny to watch, but it also reminded him of how investors behave when chasing the latest “hot” trend. Many of us have been tempted by tech stocks, crypto, and gold, only to jump in at the wrong time and drain our savings and sanity in the process. In this episode, Wade draws parallels between Moses’ squirrel-chasing and investor habits, contrasting that with the calm, steady retrievers who stick to the path. He shares why defining your goals, staying leashed to your plan, and ignoring distractions are keys to lasting success. Plus, Wade reflects on timeless biblical wisdom about patience, diligence, and building wealth little by little. If you’ve ever been tempted by the “next big thing,” this conversation is a reminder that financial freedom isn’t about chasing squirrels; it’s about staying on the trail. Tune in to learn how to keep your plan and your future steady. For this week’s Kingdom Minute, we’re reminded how chasing quick wins- whether it’s money, success, or the next “shiny thing”- often leaves us worn out and empty-handed. God’s Word calls us instead to steady, faithful stewardship, where wealth and wisdom are built little by little. True growth comes through patience, discipline, and walking faithfully with His plan. Here’s some of what we discuss in this episode: 🥾 Picking your trail: define goals before the journey 🐕 DOG acronym: dangers, obstacles, and gaps on the path 💡 Harness lessons: freedom within guidelines builds discipline 🌲 Enjoying the hike: wealth is about the journey, not just the destination 📖 Proverbs & Galatians: “little by little” growth is God’s way Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

📞✨ Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The Big Beautiful Bill may not have overhauled the entire tax system, but it quietly introduced a wave of limited-time tax opportunities, and the clock is already ticking. In this episode, Wade shares seven strategic tax moves to consider before many of these provisions expire in 2028. These changes could impact how much you owe, how much you save, and how fast you reach your goals. Buried in the bill are real, actionable tax advantages—if you know where to look. Charitable deductions, auto loan interest write-offs, bonus depreciation—there’s a lot packed into the Big Beautiful Bill, and Wade breaks it all down in plain English. Miss this window, and you might be leaving money on the table. The rules have changed, but only for a few years. What you do now could shape your finances for the next decade. For this week’s Kingdom Minute, Wade shares key biblical perspectives on taxes, pointing to scriptures in Matthew and Romans. He explains that while paying taxes is a civic duty, it's also part of honoring God’s appointed authorities. Wade also reminds us that generosity, like charitable giving, is both encouraged in scripture and recognized by the tax code. Here’s some of what we discuss in this episode: 🎁 Front-load charitable giving to maximize new deductions 🍽️ No taxes on tips—if you report properly 🏗️ Use Section 179 and QBI to your advantage 🏘️ Bunch property taxes for max SALT deduction 👶 “Trump Accounts” offer $1K seed + tax-deferred growth 📖 Biblical reflections on taxes in the Kingdom Minute Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

📞✨ Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ A new tax bill has officially passed (you’ve probably heard it mentioned as the “Big Beautiful Bill”). And while most headlines are focused on politics, Wade is focused on what really matters: how it impacts your retirement and financial plan. The choices you make in the next year or two could have a significant impact on how much you keep and how much goes to Uncle Sam. In this episode, Wade breaks down what’s changing (and what’s not), including updates to tax brackets, standard deductions, and SALT caps. The good news? There are some new opportunities for retirees and pre-retirees to take advantage of, but it’s still a relatively short window to act before some of these new components expire in 2028, or before a new Congress changes things again. Here’s some of what we discuss in this episode: 📊 Trump-era tax brackets extended beyond 2025 💸 New $12K deduction for couples over 65 🏡 SALT cap raised, especially impactful in high-tax states 🪙 Bonus depreciation win for small biz & landlords 🎁 Above-the-line deduction now available for givers 🚘 Auto loan deduction & EV credit deadlines Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

📞✨ Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The thing about assassins in the real world is that they’re sneaky and you don’t see them coming. The same is true for retirement planning. It’s not always the obvious threats that do the most damage. It’s the ones that creep in quietly, unnoticed, and unplanned for. In this episode, Wade breaks down what he calls the “retirement assassins,” those stealthy financial risks that can sneak up and completely derail your retirement if you’re not careful. Wade walks through the biggest threats he sees time and time again: like inflation, losing a spouse, or just living longer than you planned for. These aren’t flashy risks, but they’re real, and they can quietly eat away at your savings if you’re not paying attention. The good news? With the right plan in place, none of them have to take you out. This episode is all about spotting the silent threats before they strike, so you can defend your retirement before it ever gets ambushed. For this week’s Kingdom Minute, Wade reminds listeners that while we talk a lot about financial planning, it’s important to remember that trusting God doesn’t mean avoiding preparation. Scripture supports thoughtful, wise planning (Proverbs 21:5, 24:27, and 15:22), and biblical figures like Noah and Joseph are clear examples of faithful planners. Planning allows you to align your resources with God’s purpose, create margin for generosity, and act with intention. Here’s some of what we discuss in this episode: 📉 Inflation: the slow and steady threat to your income 🏥 Long-term care: the most avoided conversation in retirement 💸 Taxes: today’s rates won’t last forever 🕊️ Widowhood: financial strategies for life’s hardest moment ⏳ Longevity: when a long life becomes a financial risk Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

📞✨ Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ Giving to charity feels great. But what if you could do it in a way that also gave you a tax break, without needing to itemize? That’s where a Qualified Charitable Distribution (QCD) comes in. And if you're over 70½, this could be a game-changer. In this episode, Wade brings in a special guest: Sean Phillips, Vice President of Wealth Management at Chessman Wealth. Together, they break down everything you need to know: what QCDs are, how they work, and why the IRS finally made a move to improve how they’re reported. It’s a great step, but there’s still a lot of confusion. Wade and Sean make it easy to understand how QCDs can reduce your taxable income, count toward your RMDs, and help you support causes you care about—without triggering more tax headaches. They also share why custodians aren’t exactly racing to implement the new IRS update, what to watch out for when reporting QCDs, and how to make sure your CPA and advisor are on the same page. Here’s some of what we discuss in this episode: 📜 What a QCD is & why it matters 💸 Why writing a check might cost you more in taxes 📉 Reduce your taxable income with QCDs 🧾 The IRS’s new QCD reporting rule (and why custodians aren’t ready) ⚠️ The mistake that leads people to pay taxes they didn’t need to Connect with Sean: https://www.chessmanwealth.com/team-members/sean-phillips/ Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

Tax software makes it easier than ever to file your return on your own, but just because you can do your taxes yourself, doesn’t mean you should. In this episode, Wade explores when DIY tax filing makes sense and when it could lead to costly mistakes. If you’re a W-2 employee with no extra income streams, doing your own taxes might be just fine. But add a rental property, a home sale, a K-1, or retirement distributions, and the risks start to grow quickly. Wade shares the most common errors he sees in self-filed returns, from misreporting investment income to missing out on valuable deductions. He also explains the key difference between tax preparation and true tax planning, and how financial advisors and CPAs can work together to spot opportunities before they expire. If you’ve ever used DIY tax software and found yourself wondering if you did it right, you’re not alone. Find out how you can make more informed choices for next year’s tax season. Here’s some of what we discuss in this episode: 🧾 When DIY taxes actually make sense 🚨 Common self-filing mistakes that trigger IRS letters 💡 The difference between tax prep and tax planning 🤝 How advisors and CPAs team up for better outcomes 🧠 Missed deductions = missed opportunities Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

A little hope can go a long way, unless it's the foundation of your retirement plan. In this episode, Wade breaks down five common examples of wishful thinking that can quietly sabotage even the most well-intentioned retirees. From underestimating healthcare expenses to assuming you’ll just “keep working,” Wade explains why these hopeful assumptions can lead to stress, shortfalls, and lost opportunities. Instead of vague optimism, it’s smart to have a plan grounded in reality. Wade shares real client experiences, practical alternatives, and stress-test strategies that can help you prepare for the what-ifs of retirement with clarity and confidence. This episode will help you trade guesswork for peace of mind, whether you’re 5 years away from retiring or already in the “go-go” years. For this week’s Kingdom Minute, Wade discusses the spiritual significance of money in the Bible, and what it reveals about our hearts and what we truly value. Here’s some of what we discuss in this episode: 💸 Counting on lower taxes in retirement? Think again. 🏥 A common long-term care myth 🍽️ Why you might spend more, not less, after retiring 💰 Can Social Security really carry you through? 🏃‍♂️ The risky plan of “I’ll just keep working” Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

Millions of people leave jobs each year, and often leave behind their 401(k) accounts too. But what actually happens to that money, and when should you consider rolling it into an IRA? It’s not as straightforward as some advisors make it sound. In this episode, Wade walks through the critical factors to consider before deciding whether to move your old 401(k), including why a rollover isn’t always the right move and what hidden risks might be lurking in accounts you’ve forgotten about. You’ll also hear about the consequences of scattered investments, how “de-worsification” can happen when old accounts accumulate, and the real advantages (and limitations) of IRAs. He also covers common mistakes to avoid, the importance of a thorough cost-benefit analysis, and how tax implications can vary depending on how the rollover is handled. For this week’s Kingdom Minute, Wade explores how to leave an inheritance with both wisdom and love. Instead of dividing everything equally by default, it encourages parents to consider each child’s unique needs and situation. Clear communication and thoughtful planning can help prevent conflict and strengthen family unity. Here’s some of what we discuss in this episode: 📂 What really happens when you leave your 401(k) behind ⚖️ The pros and cons of rolling over into an IRA 📉 Why too many accounts can lead to “de-worsification” 🧭 How investment guidance fits into your rollover decision 🗣️ A biblical approach to inheritance that encourages unity Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

The headlines are loud and the markets are a bit messy. Your gut might be telling you to something – anything – but you’re not actually sure what to do. In this episode, Wade offers calm, practical guidance to help you avoid panic and make smarter choices during market downturns. If your instinct is to react fast, Wade shows you why slowing down might actually be the best move. You’ll learn four essential questions to ask when the market gets rough, plus how to evaluate your financial plan like a real-time stress test. Wade also shares on several strategic opportunities to consider that don’t require taking drastic moves. Lessons from legendary investors like Warren Buffett and Peter Lynch can help you stay focused, stay disciplined, and stay on track, even when the market feels anything but stable. Here’s some of what we discuss in this episode: 📈 What we learn from the financial legends 🔍 The best questions to ask yourself during a downturn 🧠 How volatility reveals your real risk tolerance 🔄 Rebalancing and tax-loss harvesting opportunities 🧘‍♂️ Why staying calm beats brilliance in market downturns Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

You’ve done a good job saving, but now what? In this episode, Wade tackles a question many people face as retirement approaches: how do you take solid savings and build a reliable, long-term plan around it? Wade breaks down the essential steps for transitioning from a lifetime of saving to a strategy for generating income, maintaining flexibility, and preparing for uncertainty. He covers everything from taking inventory of your financial accounts to visualizing your lifestyle goals and building an income plan that factors in taxes, inflation, and longevity. You’ll also hear how Wade helps clients connect all the financial dots, giving so their wealth strategy reflects what matters most. For this week’s Kingdom Minute, we talk about how building wealth God's way means seeing money as a tool, not a goal. Scripture reminds us to honor God first, work hard, avoid debt, and plan wisely, knowing He is the source of our ability to prosper. Here’s some of what we discuss in this episode: 📋 Take inventory of accounts and assets 💰 Turning savings into consistent income 📉 Avoiding “deworsification” across accounts 📈 Inflation, longevity, and income planning 🎯 Aligning your money with your mission Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

What does a world-class golf tournament have to do with your financial future? Turns out quite a bit. The Masters is a beautiful reminder of just how much strategy, patience, and long-term focus goes into a great round of golf. Think about it: a hole-in-one may be thrilling, but it won’t win the tournament. Just like chasing a hot stock or one-time windfall will not secure your financial future. Today, we’re teeing up a few key lessons from the course and how they translate into smarter planning for your financial future. From avoiding traps to playing the long game, this conversation reminds us that flashy wins (like a hole-in-one) might look impressive, but it's consistency, strategy, and preparation that truly lead to success. Here’s some of what we discuss in this episode: 🚩 Avoiding hazards: spotting risks and gaps in your plan 📅 Why your back nine (70s, 80s, 90s) might matter most 🧠 The underrated value of having a financial “caddy” by your side ⛳ How a “full bag of clubs” mirrors smart financial diversification Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

April Fool’s Day is all about jokes and pranks, but when it comes to retirement planning, getting fooled can cost you real money. Today, we’re uncovering the beliefs that fool retirees and pre-retirees into making bad financial moves. We’ll cover some of the most common myths that can derail your retirement plans and explain why they might not be as true as they seem. Should you really claim Social Security as soon as possible? Will Medicare cover all your healthcare costs? Don’t let financial myths fool you- tune in and take control of your retirement! For this week’s Kingdom Minute, Wade shares some biblical wisdom from Proverbs on diligence, avoiding debt, and thoughtful investing. Here are the myths we cover in today’s episode: Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

The day President Trump took office, he announced plans to implement a 25 percent tariff on goods from Mexico and Canada. Additional tariff conversations have exploded since that day. How might this impact your personal finances and the economy? Today, we’ll explain a bit of the backstory of tariffs and discuss these new tariffs. For those looking to understand more about managing their finances in the face of uncertainty, this show will provide some great information about what’s happening and how we’re addressing these conversations with our clients. Here’s some of what we discuss in this episode: Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

Financial mistakes can happen at any age, but they can have a particularly significant impact in your 60s. In this episode, Wade discusses six critical financial mistakes that individuals often make during this pivotal decade. Understanding and avoiding these pitfalls can make the difference between a secure retirement and a financially precarious future. There are numerous financial missteps that can occur as you prepare for retirement, which is why it’s so beneficial to work with a Certified Financial Planner®. We can help you develop a customized plan that aligns with your goals and helps you avoid these common pitfalls. We’ll also spend some time on the Rembrandt painting Parable of the Rich Fool and the parable from the Gospel of Luke. There’s a great financial lesson within this story and we’ll discuss it today. Here’s some of what we discuss in this episode: Check out Parable of the Rich Fool: https://en.wikipedia.org/wiki/Parable_of_the_Rich_Fool Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

In today's economic climate, the rising cost of healthcare is a pressing concern for many, especially those approaching retirement. In this episode, we will discuss the factors driving these costs and provide insights on how to manage them effectively. Healthcare expenses have been outpacing general inflation, with costs rising by 5 to 6% annually. According to Fidelity, the average retiree spends about $4,300 per year on out-of-pocket healthcare costs. This figure is expected to grow, with a couple retiring in 2025 needing approximately $300,000 to $400,000 to cover healthcare expenses in retirement. These numbers can be daunting, but understanding the reasons behind the rising costs can help you prepare better. For this week’s Kingdom Minute, will address the questions, ‘How much is enough?’ Inspired by the movie Wall Street, we explore the idea of focusing on eternal treasures rather than material wealth. This perspective encourages us to evaluate our priorities and find contentment in God's provision. Here’s some of what we discuss in this episode: Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

For ​a ​lot ​of ​people, ​giving ​money ​to ​charities ​or beneficiaries ​that ​are ​close ​to ​them ​is ​very ​important. ​But ​oftentimes ​it's ​done ​as ​part ​of ​the ​estate ​planning process. ​Now we’re seeing a trend where more and more people are deciding to give while they’re still alive. Is this a good idea? ​Today's ​episode ​is ​all ​‘giving while you’re living’ and the planning decisions that go into gifting money now. This approach allows individuals to see the impact of their generosity firsthand, guiding their loved ones in making wise financial decisions. Wade shares a personal story involving his father, who decided to start gifting money to his grandchildren. This anecdote sets the stage for a deeper dive into the rules and considerations around gifting. Here’s some of what we discuss in this episode: Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

“Test everything; hold fast what is good.” - 1 Thessalonians 5:21. In that verse, the Apostle Paul teaches that we should practice discernment in all things and we submit that includes financial advice. So this episode will tackle a common question: What should you ask a potential financial advisor? When it comes to choosing someone you can trust and who is a good fit for your financial situation, it’s essential to ask the right questions. We discuss key factors to consider when interviewing financial professionals, from investment advisors to estate attorneys. Plus, we share valuable insight from Kingdom Advisors, which has over 1,600 Certified Kingdom Advisor professionals, and provide a comprehensive list of questions you should ask when interviewing any financial expert. Tune in for expert guidance on how to find the right financial advisor for your needs. Here’s some of what we discuss in this episode: Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

Retirement is a phase of life that many of us look forward to, but what happens when it comes earlier than expected? An early retirement can put stress on your finances if you aren’t prepared and this episode will get into the challenges and planning opportunities you can expect. Did you know that most Americans retire earlier than planned, often due to unforeseen circumstances like health issues or job changes? According to research by the Transamerica Center for Retirement Studies, 60% of Americans retire earlier than expected, with a median age of 62. This unexpected shift can leave many unprepared for the financial demands of a longer retirement. Wade Chessman shares his insights on why early planning is crucial and how to navigate these challenges effectively. Here’s some of what we discuss in this episode: Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

In the wake of the recent election, many investors find themselves questioning how political outcomes might affect their portfolios. In this episode, Wade sheds light on why mixing politics with investing isn't always the best strategy and offer listeners valuable insights into the market's reaction to political events. With this big event finally behind us, let’s talk about where you should be focused moving forward and the key factors that truly impact long-term investment success. Discover why the White House isn't the sole determinant of market performance, and explore the biblical principles that guide financial planning at Chessman Wealth For this week’s Kingdom Minute, we’ll discuss the significance of stewardship, generosity, and maintaining a balanced approach to wealth accumulation as we share the five lies we believe about money. Here’s some of what we discuss in this episode: Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.