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In this episode, Joe Allaria, CFP®, and Jay Waters dive deep into the pros and cons of two popular types of life insurance: Term Life and Whole Life. While both offer unique benefits, choosing the ri…

In this episode, Joe…

In this episode, Joe Allaria, CFP®, and Jay Waters dive deep into the pros and cons of two popular types of life insurance: Term Life and Whole Life. While both offer unique benefits, choosing the right policy depends on your individual financial goals.Key Terms Discussed:-Term Life Insurance-Whole Life Insurance-The Cash Value Debate-Guaranteed Dividends-Buy Term, Invest the RestWhether you’re new to life insurance or reassessing your coverage, this episode will help you understand the key differences between these two policies and give you the tools to make an informed decision.If you enj…

Welcome to Retirement Power Hour! In Episode 33, host Joe Allaria, CFP®, discusses the key factors in determining how much life insurance you need. He covers important considerations like paying off …

Welcome to Retiremen…

Welcome to Retirement Power Hour! In Episode 33, host Joe Allaria, CFP®, discusses the key factors in determining how much life insurance you need. He covers important considerations like paying off mortgages, covering future expenses for children, and replacing income for a spouse, along with strategies for wealth transfer and Estate tax planning. Joe also explains the difference between term and permanent life insurance, helping you decide what best suits your needs.   If you enjoyed this episode, make sure to check out our podcast Can I Retire with $1M at age 60? Submit Your QuestionsTo …

Welcome to Retirement Power Hour! In Episode 32, host Joe Allaria, CFP®, interviews Scott Carson, a seasoned wealth advisor with over 30 years of experience. Scott, a senior wealth advisor at CarsonA…

Welcome to Retiremen…

Welcome to Retirement Power Hour! In Episode 32, host Joe Allaria, CFP®, interviews Scott Carson, a seasoned wealth advisor with over 30 years of experience. Scott, a senior wealth advisor at CarsonAllaria Wealth Management, shares valuable insights from his extensive career in financial planning.If you enjoyed this episode, make sure to check out our latest podcast Can I Retire with $1M at age 60?  Submit Your QuestionsTo submit a listener question, visit our website, and enter the details of your question. Leave a ReviewVisit https://www.retirementpowerhourpodcast.com/ to leave a review o…

Can you retire with $1M at age 60? Tune in to Episode #31 as host Joe Allaria, CFP®, discusses the different factors that impact the answer, including your retirement expenses, other income, Social S…

Can you retire with …

Can you retire with $1M at age 60? Tune in to Episode #31 as host Joe Allaria, CFP®, discusses the different factors that impact the answer, including your retirement expenses, other income, Social Security, and more.  If you enjoyed this episode, make sure to check out our latest podcast on How to Retire Early Using Phases Submit Your QuestionsTo submit a listener question, visit our website, and enter the details of your question. Leave a ReviewVisit https://www.retirementpowerhourpodcast.com/ to leave a review on Apple Podcasts or Spotify. Disclaimer:All material discussed on this podca…

Do you want to retire now and gain more freedom sooner? The answer could be yes, but the path to achieving it might differ from what you imagine. In episode #30 of the Retirement Power Hour, Joe Allar…

Do you want to retir…

Do you want to retire now and gain more freedom sooner? The answer could be yes, but the path to achieving it might differ from what you imagine. In episode #30 of the Retirement Power Hour, Joe Allaria, CFP®, and Mark Allaria, CFP®, sit down and discuss ways you can retire early using phases. Many people envision retirement as abruptly shifting from a 40-hour workweek to working zero hours. However, incorporating a semi-retirement phase can allow you to experience retirement earlier and can offer additional benefits.  If you enjoyed this episode, make sure to check out our latest podcast …

Are you tired of donating cash to charities and missing out on potential tax savings? In this episode of the Retirement Power Hour, Joe Allaria, CFP®, provides four different ways, including Gifting …

Are you tired of don…

Are you tired of donating cash to charities and missing out on potential tax savings? In this episode of the Retirement Power Hour, Joe Allaria, CFP®, provides four different ways, including Gifting Appreciated Shares, Qualified Charitable Distributions (QCDs), Bunching Donations Into One Year, and Mega-Bunching with Donor Advised Funds, that you can use to reduce your taxes while still giving to the charities that you care about.Resources Mentioned on the Show:• Charitable donations Using Stock Not Cash• Can I Lower My Taxes with a Donor Advised Fund• Lowering Taxes with QCDs If you en…

The 2024 presidential election has caused many investors to wonder if they should be doing anything differently. Is it safe to stay invested in stocks and bonds during this time, or should investors m…

The 2024 presidentia…

The 2024 presidential election has caused many investors to wonder if they should be doing anything differently. Is it safe to stay invested in stocks and bonds during this time, or should investors move their Money to the sidelines until later this year? In Episode #28 of the Retirement Power Hour, Joe Allaria, CFP®, talks with Jake DeKinder, Head of Client Communications and Vice President at Dimensional Fund Advisors, about what the stock market has done in the past during election years and if the 2024 election year is different.About Our GuestAs Head of Client Communications, Jake helps …

In Episode #27 of the Retirement Power Hour, Joe Allaria, CFP®, talks about various ways you can protect yourself online from Cybersecurity attacks, phishing attempts, and other forms of attempted fr…

In Episode #27 of th…

In Episode #27 of the Retirement Power Hour, Joe Allaria, CFP®, talks about various ways you can protect yourself online from cybersecurity attacks, phishing attempts, and other forms of attempted fraud. Resources Mentioned on the Show:As Nationwide Fraud Looses Top $10 Billion in 2023 Identity Theft: 15 Ways to Protect Against Cyber Attacks If you enjoyed this episode, make sure to check out our latest podcast on Social Security: Will I Get It? Submit Your QuestionsTo submit a listener question, visit our website, https://www.retirementpowerhourpodcast.com, and enter the details of your …

In 10 years will you be able to rely on social security to be there for you? In this episode of the Retirement Power Hour, Joe Allaria, CFP ®, talks about if social security is going to pay out benef…

In 10 years will you…

In 10 years will you be able to rely on social security to be there for you? In this episode of the Retirement Power Hour, Joe Allaria, CFP ®, talks about if social security is going to pay out benefits in the future and a 6 part plan on how to fix social security.  If you enjoyed this episode, make sure to check out our latest podcast on 2024 Stock Market Predictions  Resources Mentioned on the Show:The Reformer: An interactive Tool to Fix Social Security Submit Your QuestionsTo submit a listener question, visit our website, https://www.retirementpowerhourpodcast.com, and enter the detai…

Can we trust these large financial institutions that claim to know what the market is going to do? In this episode of the Retirement Power Hour, Joe Allaria, CFP ®, sits down with fellow financial ad…

Can we trust these l…

Can we trust these large financial institutions that claim to know what the market is going to do? In this episode of the Retirement Power Hour, Joe Allaria, CFP ®, sits down with fellow financial advisor, Jay Waters, to talk about what happened in 2023, what the “experts” say is going to happen in 2024, and why to think twice before listening to what these large financial institutions predict. If you enjoyed this episode, make sure to check out our latest podcast on How to Pay 0% in Capital Gains Tax.  Resources Mentioned on the Show:Europe Stocks End 2023 Up 12.64%, cnbc.com Current…

Is it even possible to pay 0% in Capital Gains Tax? In this episode of the Retirement Power Hour, Joe Allaria, CFP®, explains 4 strategies to NOT pay any Capital Gains Tax, including gain harvesting,…

Is it even possible …

Is it even possible to pay 0% in Capital Gains Tax? In this episode of the Retirement Power Hour, Joe Allaria, CFP®, explains 4 strategies to NOT pay any Capital Gains Tax, including gain harvesting, donating appreciated shares of securities, tax-loss harvesting, and not selling at all (but instead leaving your shares to your heirs).If you enjoyed this episode, make sure to check out our last podcast on How to Not Fail at Retirement with Author Mike Drak. https://www.youtube.com/watch?v=XCc1uTayt5E&t=66s  Resources Mentioned on the Show:     -Smart Charitable Giving: How to Receive t…

Most people are worried about having enough money saved for retirement; but financial planning alone, without Lifestyle planning, is a ticket to Retirement Hell. In this episode of The Retirement Powe…

Most people are worr…

Most people are worried about having enough money saved for retirement; but financial planning alone, without lifestyle planning, is a ticket to Retirement Hell. In this episode of The Retirement Power Hour, Joe Allaria, CFP®, sits down with Author Mike Drak to discuss his book “Longevity Lifestyle by Design” and how to avoid failing at retirement.  About Our Guest After a thirty-eight-year career within the financial services industry, Mike Drak experienced what he has now termed “retirement shock”. As a result, Mike spent the next 6 years doing research about retirement which res…

Without your health how could you enjoy your retirement? The time is now to invest in your health! In this episode, Joe Allaria, CFP®, gets the chance to sit down and talk with Dr. Tibor Kopjas and d…

Without your health …

Without your health how could you enjoy your retirement? The time is now to invest in your health! In this episode, Joe Allaria, CFP®, gets the chance to sit down and talk with Dr. Tibor Kopjas and discuss ways to stay healthy, get fit, and feel great in retirement. About Our GuestDr. Tibor Kopjas, a practitioner for over 30 years in Maryville, IL. He returned to his original vision of patient-focused healthcare in 2019 when he began partnering with MDVIP to prioritize personalized care.Resources MentionedMD VIP WebsiteDr.Kopjas.com Listener QuestionI was born in 1953.  I have been collecti…

Travel is one of the most popular activities that retirees like to tackle after their working years. Whether traveling domestically or internationally, retirement is a wonderful time to explore new pl…

Travel is one of the…

Travel is one of the most popular activities that retirees like to tackle after their working years. Whether traveling domestically or internationally, retirement is a wonderful time to explore new places and to take your time while doing so. On this episode, Host Joe Allaria is joined by Travel Advisor and Founder of New View Travel, Janine Cartier to discuss how to plan your dream vacation in retirement. SPOILER: It all starts with a solid plan. About Our GuestJanine Cartier is a Travel Advisor and the Founder of New View Travel. New View Travel is a luxury, boutique travel agency based in S…

Do you have "good" investments? How do you know? What is a good rate of return? How much time do you need to evaluate if you own good investments? In this episode, Host Joe Allaria and Co-Host Jay Wat…

Do you have "good" i…

Do you have "good" investments? How do you know? What is a good rate of return? How much time do you need to evaluate if you own good investments? In this episode, Host Joe Allaria and Co-Host Jay Waters discuss the pitfalls the many investors fall into when they are evaluating their own investments, and how having the wrong perspective can lead you astray.  Listener QuestionWhat is a realistic rate of return expectation for a newly retired individual? Submit Your QuestionsTo submit a listener question, visit our website, https://www.retirementpowerhourpodcast.com , and enter the details of y…

Annuities seem to have a negative connotation within the financial industry, but do they deserve it? Are annuities good or are they bad? Because there are so many different types of annuities, it&apos…

Annuities seem to ha…

Annuities seem to have a negative connotation within the financial industry, but do they deserve it? Are annuities good or are they bad? Because there are so many different types of annuities, it's hard to generalize that they are either good or bad. Each annuity should be evaluated independently based on each individual’s situation.On episode #19, host Joe Allaria is joined by Partner and Wealth Advisor of CarsonAllaria Wealth Management, Mark Allaria, CFP®, as the two discuss the pros and cons of annuities, as well as the different types out there. Listener QuestionWhat should I make…

Social Security filing strategies can get complex for couples, especially those with different ages. Can you start a spousal benefit, then switch to your own? Can you start your own benefit, then swit…

Social Security fili…

Social Security filing strategies can get complex for couples, especially those with different ages. Can you start a spousal benefit, then switch to your own? Can you start your own benefit, then switch to a spousal benefit? What is a restricted application? Can I still file and suspend? So many questions and not enough answers. But, we're fixing that problem on this episode by answering several listener questions around this very topic. Click to listen as host Joe Allaria discusses Social Security Spousal Planning.Submit Your QuestionsTo submit a listener question, visit our website HER…

It's that time of year again...when we see stock market predictions being released by financial institutions, fund managers, financial media personnel, and other financial “experts.” Most of …

It's that time …

It's that time of year again...when we see stock market predictions being released by financial institutions, fund managers, financial media personnel, and other financial “experts.” Most of these predictions end up being wildly inaccurate, yet they keep being made, and many keep listening.Click to listen as host Joe Allaria uncovers how these "experts" did on their 2022 predictions, and what they're saying about 2023.Listener QuestionWhat will the stock market do in 2023? We're talking about that for the whole show, so be sure to tune in! Submit Your QuestionsTo submit a l…