Defined Benefit Plans for small business owners represent the largest yearly retirement plan contribution option available, and likely present a significant tax savings opportunity.  Steve Cordasco and CFN’s Tim Joseph, CPA, discuss Defined Benefit Plans with guest Philip Pirio, Senior Design Consultant with Dedicated Defined Benefit Services. They discuss important details of Defined Benefit Plans and the roles financial planners, CPAs, and plan administrators have in designing and implementing this often overlooked retirement plan option for small business owners.

Listening Time: 30 minutes

Unfortunately, people in retirement often miss tax-savings opportunities that are readily available. Retirees like you need to pay close attention to your tax situation because the money you’ve saved must last the rest of your life. Missing out on important tax-saving strategies can take a bite out of your nest egg and negatively impact your quality of life during your retirement years. To provide help, CFN’s John Walker and Tim Joseph, CPA, discuss the most overlooked tax breaks for retirees.

Listening Time: 24 minutes

Sometimes the most uncomfortable conversations are the ones most necessary. Today, as we reach a milestone, the 300^th episode of the Your Life Your Wealth podcast, CFN’s John Walker and Ryan Flurer discuss the important issue of paying for long term care. There’s a more than 8 in 10 chance you or a loved one will experience late life cognitive or physical decline that will require support from a caregiver other than a family member. John and Ryan discuss the high cost of long term care and what insurance options exist to help offset what could be a financially draining expense.   

Listening Time: 23 minutes

Retirees should consider focusing on generating cash flow instead of chasing ever-shrinking income sources in today’s low interest rate environment. CFN’s John Walker and Jim Tate, CPA, discuss the differences in managing income versus cash flow. A good cash flow strategy includes social security, annuity payments, dividends and other sources to cover living expenses for those in retirement. John and Jim offer practical cash flow planning tips, including tax related information that should not be overlooked.  

Listening Time: 25 minutes

As we save for our retirement many of us will face financial threats along the way. The money decisions we make, and how we address the financial challenges we may face, could make the difference between financial security or insecurity during our retired years. CFN’s Dennis Jablonoski and Tim Joseph, CPA, discuss several significant savings threats and share strategies for avoiding these pitfalls.  

Listening Time: 24 minutes