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Your Life Your Wealth Network

Steve Cordasco, CEO of Cordasco Financial Network brings you LIVE exclusive interviews, the nation's best guests and expert insights on the latest news in the world of personal finance, global markets and politics every week! Gain comfort and clarity for your retirement by listening to the Your Life, Your Wealth podcast today!
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Your Life Your Wealth Network
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Now displaying: Page 1
Oct 18, 2019

For most of us, as we head toward the busy holiday season our attention is on family and friends, and the time we’ll spend with those closest to us. There are however, many other important things to consider at this time including an assessment of our charitable giving for the year.  CFN’s John Walker is joined by Dien Yuen, Assistant Professor of Philanthropy at the American College of Financial Services, an expert on charitable giving for families and charitable institutions. They discuss ways you can help others through donations designed to efficiently fit into your financial and tax planning strategies for the year. These include the benefits of appreciated stock donations, donation bunching, required minimum distribution donations, donor advised chartable funds and more.

Program Length: 28 minutes

Oct 12, 2019

In the news this week, several brokerage firms have started offering free online trading for U.S. stocks and exchange traded funds.  That’s terrific, right?  Not so fast! CFN’s John Walker and Dennis Jablonoski discuss what you should think about before even considering any perceived benefits of free online trading. John and Dennis share many cautionary notes including the importance of recognizing the vast differences between executing a solid investment or retirement planning strategy, and being an online stock trader.  Free online trading may cause you to make more impulsive financial moves, and also can  have tax consequences you may not have considered.    

Program Length: 14 minutes

Oct 3, 2019

Running out of money is the number one fear for people in, or approaching, retirement. Many variables lie ahead including inflation, the high cost of health care, higher taxes, and unpredictable markets. For some, an overly cautious approach to spending can lead to an outright fear of spending, causing people to deprive themselves instead of truly enjoying their golden years. Cordasco Financial Network’s John Walker and Tim Joseph, CPA, discuss strategies for overcoming spending anxiety. 

Program Length: 19 minutes

Sep 27, 2019
On the heels of the latest rate cut by the Federal Reserve, we now find breaking political news out of Washington almost inescapable. CFN’s John Walker is joined by Dennis Jablonoski of the CFN investment team, and Senior Investment Consultant Joe Cortese. They discuss market reactions to the latest rate cut, impeachment efforts and the continuing trade negotiations with China. Find out how all of this impacts investors like you. 
 
Program Length: 19 minutes
Sep 19, 2019
John Walker and members of the CFN team discuss bitcoin and blockchain. Client Services Specialist Evan Salter details the technology and the potential applications. Financial Advisor Larry Shaw of the CFN investment team joins the conversation to discuss whether buying bitcoin is an investment or just wild speculation.
 
Program Length: 19 minutes
Sep 13, 2019

This One-Size-Fits-All Investment Could be Putting Your 401(k) at Risk

John Walker, Larry Shaw and Dennis Jablonoski of the Cordasco Financial Network team gather for a discussion on the pros and cons of target date funds. In these popular funds the level of risk is gradually adjusted to coordinate with a specific event date such as retirement.  Find out why this easy, set-it and forget-it investment may be far from the best option for investors.

Program Length: 15 minutes

Sep 6, 2019

You’ll hear a personal, first-hand story on why it’s absolutely essential to plan for the unexpected. An unforeseen event could happen regarding your finances, your health, your family, just about anything. Things we can’t control are the most difficult to navigate, but they can be overcome if you have a plan.

Program Length: 39 minutes

Aug 30, 2019

When the kids are grown and have left the family home, many parents experience "empty nest syndrome.”  It’s a “condition” with both emotional and financial symptoms. John Walker of the Cordasco Financial Network team hosts and is joined by CFN advisor and financial planning specialist Dennis Jablonoski. They discuss the challenges that may arise when a couple, no longer immersed in the efforts of raising children, suddenly find themselves in what may seem like a totally new relationship. Plus, they detail newfound financial opportunities that arise at this stage of life that can be used by couples to reduce expenses and shore up their retirement planning.

Program Length: 18 minutes

Aug 23, 2019

Your rising costs for healthcare could bankrupt your retirement plan.  Cordasco Financial Network’s John Walker sits in for me and is joined by CPA Jim Tate, a member of the CFN team. They discuss solutions that will help you prepare for the increasing cost of healthcare.   

Program Length: 16 minutes

 

 

Aug 16, 2019

Cordasco Financial Network’s Business Development Director John Walker sits in. Like nearly all decisions you make based purely on emotions, the outcome is often not what you’d want or expect.  As the saying goes “cooler heads prevail.”  Most decisions, including those all-important financial and retirement decisions, are best made by pushing aside your emotions and relying on the facts, past history, and sometimes gut instinct. John discusses four specific types of emotional financial decisions and beneficial ways to help you adjust your approach. 

Program Length: 15 minutes

Aug 9, 2019

Cordasco Financial Network’s Business Development Director John Walker sits in, along with CFN Financial Advisor and CPA Tim Joseph.  They take an adventurous dive into the most common mistakes you can make while planning for, or living through, your retirement years. John and Tim offer practical advice to help you recognize and rectify these common errors.

Program Length: 30 minutes

Aug 2, 2019

Your gradual retirement can benefit you and your employer. If you retire abruptly from full-time work, the transition can be a shock to your system, and to those around you, particularly your spouse.  At a time when a massive number of baby boomers are reaching retirement age, many employers are concerned about finding enough skilled workers to fill their shoes.  Cordasco Financial Network’s John Walker sits for me and is joined by CFN's Brian Hillsberg to discuss the concept of easing into retirement by making a gradual transition. They discuss some of the perceived obstacles and detail the many benefits realized by employees and employers when a long-time employee enters retirement in phases.  They also share a recent case study where together they helped facilitate a slow transition to retirement with excellent results.

Program Length: 22 minutes

Jul 26, 2019
You Control Your Finances, You Don’t Control the Markets
 
Some people spend lots of time fixating on market performance. Fact is, we have no control over the direction of the markets, but there are many financial matters where control is fully within our grasp. You can control your cashflow, spending, saving, tax planning, and insurance.  John Walker of the Cordasco Financial Network team sits in for Steve today and is joined by CPA and team member Tim Joseph. They discuss the importance of staying focused on what you can control, which will have a significant impact on your financial well-being.  

Program Length:20 minutes

Jul 19, 2019

This week, I go back to the Your Life Your Wealth archives for a discussion on how you can deal with uncertainty and avoid making emotional decisions. I talk with former poker champ turned business consultant Annie Duke, author of “Thinking in Bets: Making Smarter Decisions When You Don’t Have All The Facts.” Learn best practices for poker players and investors.

Program Length: 31 minutes

Jul 11, 2019

The IRS tax code, as it stands today, won’t survive.  Some recent changes will either expire in 2026 or, if the political winds in Washington shift, perhaps sooner. Taxes are one of the biggest expenses you’ll face in retirement. Proper tax planning is imperative.  In this episode, I detail four important strategies for Roth IRA conversions you can use today that will help you save on taxes in the years ahead. 

Program Length: 33 minutes

Jul 4, 2019

How are you judging your investment success?  Are you an outcome driven or performance driven investor?  There are many priorities you should consider before simply judging the success of your investment strategy purely on performance numbers. As an investor, your priorities are unique.  Measuring your investment returns against arbitrary benchmarks isn’t necessarily the best way to evaluate your specific situation.  I discuss ways outcome driven investors more likely to attain success, as compared to those who focus entirely on the numbers.

Program Length 24 minutes

Jun 27, 2019
State and local tax deductibility was capped in the 2018 federal tax law changes causing high tax states to look for ways to get around parts of the new law.  The IRS has now ruled against the state’s efforts to circumvent the cap causing some in congress to start pushing for a repeal of the SALT (state and local tax) cap. Cordasco Financial Network CPA Jim Tate joins me to discuss the dollars and cents of this and the unlikely position some politicians find themselves in by supporting the elimination of the SALT cap.

Program Length: 22 minutes

Jun 21, 2019

In the last ten years, exchange traded funds have become very popular, in part because investors can buy and sell any time the markets are open. In today’s discussion, I fill you in on something new called interval funds, which restrict total withdrawals to a range of 5% to 25% of fund assets in a specified period, such as once a quarter. Some fund companies believe interval funds can deliver higher returns because of illiquidity.  These funds also use higher risk investments that are usually only available to wealthy or institutional investors.  

Program Length: 24 minutes

 

 
 
Jun 13, 2019
We’re nearing the end of the first half of 2019, a time to look back, and look ahead, as I’m joined by Chad Tischer, member of the CFN investment team at DiMeo, Schneider & Associates. We cover the equity and bond markets, tariffs, Federal Reserve policy, the employment outlook, and more.

Program Length: 23 minutes

Jun 6, 2019

Retirement Planning Tips for Age Gap Couples

Married couples with a sizable age difference face unique challenges relating to retirement. I discuss the issues including how age gap retirement impacts social security decisions, asset distributions, and other financial matters.  I also talk about the psychological and social effects of one spouse retiring as the other maintains full-time employment.

Program Length: 25 minutes

May 30, 2019
Six Pieces of Common Financial Advice You May Want to Avoid
 
Whether it’s from a financial professional or your brother-in-law, there’s no shortage of financial advice being dispensed.  I discuss some common advice that perhaps you shouldn’t heed.
 
 
Program Length: 25 minutes
May 24, 2019

A Shocking Number of Americans Unaware of The True Meaning of Memorial Day

Far too many Americans recently surveyed didn’t know that on Memorial Day we honor those who have served our country and paid the ultimate price.  I’m joined by Col. Kenneth DeTreux, U.S.M.C. Ret., currently Commandant of Cadets at Valley Forge Military Academy & College to discuss the true meaning of Memorial Day.

Program Length: 18 minutes

May 17, 2019
Tariff Talk Rocks the Markets 
 
Tariffs and the threat of a trade war with China were back in the news.  I’ll bring you up-to-date on where the negotiations currently stand, discuss the impact tariffs could have on your wallet, our economy and the strong influence news reports on tariffs have on the equities markets.
 
Program Length: 19 minutes
May 9, 2019

Increase Your Investment Returns with this Tax Saving Strategy 

I discuss tax loss harvesting, a way to realize losses to offset gains in your investment portfolio. It’s a strategy that could give you a half point increase in your investment returns, but there are some specific conditions you need to consider. 

Program Length: 18 minutes

May 2, 2019

Social Security Scandal

Questions about the future solvency of the social security system populate our news feeds.  There are a variety of gloomy predictions about the survival of the system.  As a preamble to future podcasts on social security, I briefly discuss whether or not our nation’s pool of social security money should be more aggressively invested. Could more aggressive investing of those dollars reduce the likelihood of a coming social security shortfall? Some consider the failure to more aggressively invest a real social security scandal.  

Program Length: 9 minutes 

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