The Key to Real Retirement Happiness
My guest Michael Finke, Chief Academic Officer of the American College of Financial Services, has been researching the elements of true retirement happiness for years. His findings indicate that there are three strong predictors, the first two are money and health. The third, perhaps equally as important to the first two, is the nurturing of personal and social relationships, especially the quality of your relationship with your spouse. We go in-depth discussing his findings and focus, as we so often do, on the all-important life side of retirement. Our guest reinforces the fact that true happiness in your retired years can not be found exclusively through money or wealth.
Program Length: 26 minutes
The "Extra Eyes" Have It: Income Tax Review
At Cordasco Financial Network, we don’t “do" your taxes, but we do offer the invaluable service of looking over the details of your return to ensure accuracy and make certain every tax-saving opportunity is realized. CFN Financial Advisor John Walker joins me to discuss the details.
Program Length: 8 minutes
Jags to Jail Cells
Operation Varsity Blues is back in the news this week. Several high-profile wealthy parents pleaded guilty to tax evasion charges for trying to bribe their children's way into college. Those who didn’t plead guilty saw their charges increased from mail fraud to the more serious charges of money laundering and conspiracy to commit fraud. Philadelphia Attorney Ian Comisky, Partner with the firm Fox Rothschild, joins me to discuss the scandal along with other legal issues in the news this week.
Do You Know How Much Money You Will Really Need In Retirement?
The biggest fear many retirees have is running out of money. I’m joined by Aline Holzworth, a Behavioral Scientist at Duke University, who recently co-authored a Wall Street Journal article on her research to help determine the amount of money you may need in retirement. It’s a surprisingly high percentage of the annual income earned during your working years, and a much larger number than is often used as a rule-of-thumb by many planners. I also explain why it’s necessary to go beyond the numbers to live your best life in retirement.
Program Length: 14 minutes