Episode 337 - Preventing Retirement Account Scams and Elder Abuse

New Retirement Radio with Dennis Prout Podcast

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المحتوى المقدم من Dennis Prout and Shea Petaja. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Dennis Prout and Shea Petaja أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.

Standup Comedy "Your Host and MC"

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Mack Dryden "Dentist Visit" Bonus Show #119 7:46

منذ 10 أيام7:46

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Send us a text On this very funny short Bonus Show, standup comic Mack Dryden shares his story about going to the Dentist...you'll never believe what happens...Hilarious! Look for Mack Dryden's "NEW" Dry Bar Comedy Special... Please Listen, Enjoy, and Share where you can...Thanks!! Support the show Standup Comedy Podcast Network.co www.StandupComedyPodcastNetwork.com Free APP on all Apple & Android phones....check it out, podcast, jokes, blogs, and More! For short-form standup comedy sets, listen to: "Comedy Appeteasers" , available on all platforms. New YouTube site: https://www.youtube.com/@standupcomedyyourhostandmc/videos Videos of comics live on stage from back in the day. Please Write a Review: in-depth walk-through for leaving a review. Interested in Standup Comedy? Check out my books on Amazon... "20 Questions Answered about Being a Standup Comic" "Be a Standup Comic...or just look like one"…

منذ عام واحد 40:01

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The September 2023 edition of Ed Slott’s newsletter comes with stories and insights about elder abuse, where scammers within families steal retirement account funds, resulting in significant losses as well as tax penalties. This is another example of why accountability needs to prevail within families, especially when larger retirement account balances are involved. Of course, on top of the losses are the significant issues related to family and the difficulty in many cases of ever getting these funds returned. On today’s show, we’ll discuss what to do to arm yourself and your loved ones against this threat. Also, Heidi will discuss how to avoid scams and scammers, and how cyber security plays a key role in protecting yourself. Deann joins us as well to bring the stats related to our subject and shed more light and learning on this.

Tune in and take control!

108 حلقات

#Business #Trading #Dennis Prout #Shea Petaja #Social Security

Episode 337 - Preventing Retirement Account Scams and Elder Abuse

New Retirement Radio with Dennis Prout Podcast

20 subscribers

published منذ عام واحد

MP3•منزل الحلقة

Tune in and take control!

108 حلقات

#Business #Trading #Dennis Prout #Shea Petaja #Social Security

كل الحلقات

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Episode 398 - Am I Too Rich for a Roth IRA? 41:39

منذ 19 يومًا41:39

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The New Year begins, and already there’s so much to consider on the financial front! On this week’s show we’ll discuss whether or not you could be “too rich” for a Roth IRA. Congress has set income limits on Roth contributions, and for those married filing jointly, no contributions are allowed for those with taxable incomes over $246,000 (for single filers, the amount is $165,000). While the income limits can be a source of frustration, there are many ways to circumvent these restrictions for those looking to invest in these accounts … and the ways to do so keep growing! Next, Heidi will discuss catch-up contributions for retirement accounts. While Congress has complicated these, the opportunities have been expanded to save for your retirement more aggressively. While we don’t often promote being aggressive, it could make sense in this case! We’ll have several examples for you of where this could make sense and how you might take advantage. And last, Beth Shier joins us with this week’s stats as well as some surprising information to help you keep your perspective. Tune in and take control!…

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Episode 395 - We're Back LIVE in 2025 42:23

منذ 19 يومًا42:23

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We are so looking forward to joining you via the airwaves in 2025! 2024 has been a year of challenges, surprises, market volatility, political unrest … and yet WE MADE IT. As we set foot into the future and ponder what this year could hold for the economy, Dennis and Nathan will discuss Capital Group’s “2025 Outlook: Long-Term Perspective on Markets and Economies,” which describes the current U.S. economy as the “Benjamin Button Economy.” What on earth does that mean? Capital Group economists are comparing the 2008 film The Curious Case of Benjamin Button, in which the main character’s age reverses, to the total returns of U.S. stocks by stage of business cycle. Is it possible that the U.S. business cycle appears to be aging in reverse? If so, what does that mean for us? On January 5, President Biden signed the Social Security Fairness Act into law. This is thought to be one of the biggest changes to Social Security in decades. Dennis will break down the Social Security Fairness Act and discuss the changes it will bring and who might benefit. As you can see, there’s lots to discuss, and we look forward to your calls and texts. Tune in and take control!…

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Episode 397 - Navigating Risks and Capitalizing on Opportunities in 2025 44:49

منذ 19 يومًا44:49

44:49

On today’s show, we’ll discuss Ed Slott’s thoughts on significant IRA rulings for 2024, as well as the “Five Keys to Investing in 2025,” by Capital Group. As you can guess, there are many discussions among market analysts regarding the opportunities and the risks we can expect in 2025. We (Dennis Prout, Heidi Cartwright and Beth Shier) intend to do some of the same, but with a twist. The difference, we think, is that when making investment decisions, you need to think like an “owner,” i.e., you need to think longer term. The excuses we might try to make only tend to cause things to turn worse. We think we can discuss these mistakes and help you attempt to make better decisions in the future. There’s a lot to discuss in less than an hour, and we look forward to having you join the conversation. Tune in and take control!…

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Episode 391 - We're Back LIVE! 26:34

منذ عام واحد26:34

26:34

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Episode 389 - All About Social Security 46:42

منذ عام واحد46:42

46:42

Social Security! Just when you thought you could do without it, here comes the check in the mail! (Just kidding, of course.) Last year at this time, we had Bob Simpson, Manager of our local Social Security office, on the show to speak about Social Security and the COLA (cost-of-living adjustment) that was announced. On today's show, Bob will talk about another recent COLA made for those taking benefits starting January of 2025. While this is helpful information, there are several other changes being made to Social Security that we need to discuss, as well as benefit questions we continue to receive from our clients that you should be made aware of. As always, your questions are always welcome as we continue to navigate the complexities of retirement together. Bob is an extremely knowledgeable Social Security representative who should be helpful in answering your questions. Tune in and take control!…

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Episode 386 - Navigating IRS Regulations: Simplifying Complex Rules for Smart Planning 40:19

منذ عام واحد40:19

40:19

The financial world is complex, and it is not uncommon to feel “in over your head” when trying to tread through the vast, turbulent waters of IRS regulations, tax planning and financial portfolios. So much to learn. So much to know. So many questions. Join us on today’s show as Dennis highlights some of the top financial questions from financial professionals from around the country. We’ll test your financial knowledge as we embark on crucial questions with not-so-obvious answers. Next, Heidi will unpack and explain Section 327 of the SECURE 2.0 Act, which changed the rules for spouse beneficiaries. Although there has been confusion about this section, the IRS has successfully clarified Section 327 with new proposed regulations. Finally, Deann will share stats in regard to the hot topic of AI and the realities of such a lofty endeavor. Tune in and take control!…

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Episode 379 - Where's the Beef? 38:13

منذ عام واحد38:13

38:13

On today’s show, we’re excited to delve into the meat and potatoes of finance with you and tackle questions like, “What are the chances of a soft landing in this economy?” And, “What about those final RMD regulations being issued we’ve heard so much about?” (Well … maybe not so much on the RMDs.) Still, we intend to explore the recent tax law changes and provide you the stats we think could be helpful regarding the economic front. In the end, we think discussing these issues and answering your questions is well worth your time. So whatever it is you’re looking for on the financial planning front, we’re here to help! As always, Deann will conclude the show with stats related to the economic content. Tune in and take control!…

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Episode 378 - Never Forget 44:46

منذ عام واحد44:46

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On today’s show, we commemorate the events of September 11, 2001, and honor all the heroes, armed forces, first responders, and countless others’ acts of service to defend our nation’s freedom. We are excited to invite you to hear a phenomenal live presentation by Heather Cartwright, retired Director for the Federal Crimes Victims Division, who served in the U.S. Department of Justice, Washington, D.C., on September 11, 2001. Ms. Cartwright was responsible for coordinating support for victims of the surprise attack on our country, which took the lives of 3,000 innocent victims. This extraordinary first-hand account will take us all behind the scenes and give a closer look at the U.S. government’s response to the largest mass violence attack ever by a foreign terrorist organization on our shores.…

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Episode 385 - Healthcare Planning for Retirement 34:15

منذ عام واحد34:15

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According to the Centers for Medicare and Medicaid services, as of April 2024, approximately 67 million people are enrolled in Medicare, an increase of 2 million people since 2023. Deciding on healthcare is a significant part in planning for your retirement. There are many factors to consider when educating oneself in the complex field of Medicare. Fortunately, there are professionals who specialize in this and can help navigate eligible enrollees through the process … and we know two of them! Laverna Witkop and Dawn McConnell from Ford Insurance Agency will join us LIVE on the show today. They will cover all the basics of Medicare as well as talk about the open enrollment period, known as the Medicare Advantage and Prescription Drug Plan annual election period, or AEP, which is October 15 through December 7. It’s time to review and pay attention to changes. This also might be a good time to jump in! Open enrollment for individual health insurance plans is November 1 to January 15, 2025. Now’s the time to ask the experts, so have your questions ready. Tune in and take control!…

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Episode 381 - Live with Ed Slott 44:32

منذ عام واحد44:32

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Today, help us welcome Ed Slott as we discuss his unique perspective on the retirement landscape only a CPA with his depth of experience and education can bring. The Wall Street Journa l refers to Ed as “The best source of IRA advice.” That’s one of many reasons we’re having Ed join us as we do periodically. As members of Ed Slott’s Elite IRA Advisor Group, which includes about 500 advisors around the nation, we ask Ed to update you, our listening audience, and share from his perspective. Dennis Prout, Heidi Cartwright and Nathan Prout are all members of this group through Ed Slott and Company. We’ll discuss the most recent updates of the SECURE 2.0 Act, if Roth conversions still make sense and, among other things, discuss the current tax laws and how they might benefit you from an income tax and estate tax planning standpoint. Tune in and take control!…

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Episode 380 - Potential Tax Policy Changes and Their Impact 38:56

منذ عام واحد38:56

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There’s a lot going on for today’s show! First, we’ll look at the potential changes to our estate and individual tax rates and discuss how that could impact us all with the sunset of the current tax law at the end of 2025. So many of us have already adjusted our estate plans and are planning for increased taxes on a variety of fronts. What else can we do and how should we approach it? Second, we’ll discuss what to do if you’re middle aged and behind in your savings. And finally, we'll wrap up the show with some relevant stats for today's economy. Tune in and take control!…

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Episode 382 - What Economic Lessons Can History Teach Us? 38:35

منذ عام واحد38:35

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Did the Fed cut interest rates too much? What kind of impact might we anticipate? Sometimes to look forward it behooves us to look back. Today, we will discuss an article, from the Wall Street Journal, that takes us back to the 1980s. What can history teach us? Viewing previous market reactions and economic reactions to a decline in interest rates, might give us a glimpse into the future and how this might impact you and your finances. Although it has been a while since we’ve seen interest rates decline, it should be noted that history doesn’t repeat itself, however, it does tend to rhyme. Today, given the multiple bumps in the road and world changes, is a great time to look closer at what the impact might be and how you could respond. Tune in and take control!…

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Episode 377 - Think...But Don't Overthink 39:29

منذ عام واحد39:29

39:29

Trying to think more deeply about your financial future with so many economic uncertainties feels more like a non sequitur rather than a financial plan. “Where’s the stock market headed?” “What will tax rates be?” “Is our currency stable enough?” These are probably the most common themes that you are trying not to overthink. However, the one thing that we can be certain of is change. Stocks will fluctuate, interest rates will change, and tax rates will increase and decrease. On today’s show, we will discuss two articles: “Investing in Companies at Times of Crisis,” by Capital Group, and “Are You Using the Right Tax Breaks to Boost Investment Returns,” published in The Wall Street Journal . Our hope in discussing these articles is to bring you a bit more logic, clarity and confidence in your investing. This is edge of your seat information you won’t want to miss! Okay … maybe not “edge of your seat,” but certainly good food for thought. Tune in and take control!…

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Episode 383 - When a Roth Doesn’t Make Cents 43:28

منذ عام واحد43:28

43:28

Roth! Roth! Roth! Can you hear the steady chant from the financial advisors and tax experts around the world? Ed Slott, a Roth enthusiast, believes we have entered a rothification era. On today’s show, we’re about to blow your mind by playing the devil’s advocate. Dare we question the Roth? Is there ever a time when a Roth or Roth conversion may not be the best financial move? Yes. Jon Sluis, CPA and tax expert, from Intrust will join our show and guide us through a lively discussion about the tax implications of Roth conversions. Being wise with money and saving for your financial future is not easy and the answer is not always black and white; there’s a lot of emotion attached to the green stuff. If you dare, join us as we discuss the “other side” of the Roth. Tune in and take control!…

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Episode 376 - Key Strategies for Sustainable Retirement Income Planning 40:11

منذ عام واحد40:11

40:11

“I’m retired, now what?” How does one find that balance between excessive and overly conservative withdrawals? Every retiree’s situation is different. On today’s show, Dennis will uncover some key strategies to help guide you into discovering a withdrawal balance that’s right for you. He’ll also take a closer look at the article, “3 key considerations for sustainable retirement income” by Capital Group. Next, according to the IRS Code Section 2518, the term “qualified disclaimer” means an irrevocable and unqualified refusal by a person to accept an interest in property, but only if one follows the rules. Who knows those rules better than Ed Slott? Heidi will lead us in a discussion based on Ed Slott’s current manual of those rules, as well discuss the possible advantages of planning with disclaimers. You might be surprised by the flexibility that disclaimer planning can offer. Deann will join in the conversation and share timely stats regarding the topics at hand. Tune in and take control!…

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New Retirement Radio with Dennis Prout Podcast « » Episode 337 - Preventing Retirement Account Scams and Elder Abuse

Episode 337 - Preventing Retirement Account Scams and Elder Abuse

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Episode 337 - Preventing Retirement Account Scams and Elder Abuse