On Episode 13, host Joe Allaria covers "13 Year-End Financial Strategies" to consider before we enter into 2023. Here are the 13 strategies with links to resources mentioned: 1. Contribute to employer-sponsored retirement plans https://www.investopedia.com/retirement/401k-contribution-limits/ 2. Contribute to a Health Savings Account (HSA) https://www.irs.gov/pub/irs-dft/p969--dft.pdf 3. Spend the rest of Flex…
In this episode, Host Joe Allaria, CFP® answers a listener question about how to estimate life expectancy for the purposes of building your financial plan, and he also explains six of the biggest and most common mistakes that retirees are making in regard to Social Security, including: 1. Starting benefits…
There are 11,000 Baby Boomers turning 65 everyday. Many of them share the same Medicare questions, like: - Do I need to enroll at age 65? - What if I work past age 65? - What coverage is best for me? - Should I get a Medicare Supplement or Medicare…
Retirement brings unique challenges that you may not experience during your working years. Advisors that work with retirees or those close to retirement should understand this and adjust their practices accordingly. In this episode, Joe Allaria is joined by 30-year industry veteran, Scott Carson, as the two discuss five things…
A sound financial plan is only one part of living a better retirement. Another huge part is maintaining good health and it's extremely difficult to "retire better" if you don't feel better. On this episode, Kevin English, a health and wellness expert specializing in helping those over 50 years of…
The Bipartisan Budget Act of 2015 made what some would consider significant changes to a few key Social Security filing strategies. Specifically, the legislation removed some well-known Social Security loopholes that were used by many to increase spousal benefits. But, one of those loopholes was phased out over time, which…
Does life insurance make sense in retirement? If so, why? What are some creative and useful reasons for retirees to retain coverage? Also, what should policy owners and their agents be doing to properly maintain these policies over time? On this episode of The Retirement Power Hour, host Joe Allaria…
On this episode, Joe Allaria welcomes David Blanchett, Managing Director and Head of Retirement Research for PGIM DC Solutions. David is a respected voice in the financial industry and has published over 100 papers in a variety of industry and academic journals. He's also received awards for his research from…
Host Joe Allaria and special guest Scott Carson, Senior Wealth Advisor for CarsonAllaria Wealth Management, discuss the benefits of reframing your mind around retirement, building your lifestyle allocation, and designing your retirement life to maximize your satisfaction and fulfillment. For more information and references on material discussed, see the links…
We strongly encourage supporting charitable organizations, and we also know that donors often miss tax planning opportunities when they give. While tax benefits aren’t typically the primary reason for giving, most of our clients would still prefer to receive the most tax advantages as possible as a result of their…
College tuition and other expenses can became a large hurdle for those nearing retirement. While 529 college savings plans are a popular way to cover this expense, is it really the best? Tune in to this month’s Retirement Power Hour to hear about some other potential options for covering your…
Watch as Joe Allaria, CFP® discusses the rough start to the 2022 year in bond markets and what historical returns have looked like after such periods. Recorded on May 13, 2022. For more information on Joe Allaria or CarsonAllaria Wealth Management, visit www.carsonallaria.com. Disclaimer: All material discussed on this podcast…
Investors are often drawn to the allure of trying to time the market, but jumping in and out of the market can have dire consequences. Understanding the history of bear markets can help. Watch as Joe Allaria, Partner and Wealth Advisor of CarsonAllaria Wealth Management discusses these topics with 7…
Bear markets are tough to endure and can leave investors that are committed to long-term investing feeling a bit handcuffed. But, while bear markets are uncomfortable, they can also present unique financial planning opportunities that may help investors soften the blow and minimize the negative effects of steep market declines.…
Times of heightened uncertainty, whether as a result of geopolitical tensions, inflation concerns, interest rate concerns, or anything else, can make it difficult for investors to stay the course. Stock market volatility and negative headlines give the impression that you should be doing something. Poor investor behavior begins to emerge…
So many voices in finance are constantly telling you that you should worry. They say you should worry about the stock market, about Social Security, about inflation, and many other things. But, this episode is all about why you shouldn't worry. Tune in as Joe Allaria welcomes guest and co-host…
With almost 10,000 Baby Boomers turning 65 everyday, Medicare continues to be such an important topic…so I answered a few common questions about Original Medicare here. Check it out! #medicare #retirementplanning #wealthmanagement For more on this topic, read our blog titled "Medicare: 7 Questions You Should Know How to Answer…
You don't HAVE to use a 529 plan to help your children financially. The control freaks out there might like a parent-owned brokerage account instead. #collegesavings #529plans #wealthmanagement For more on this topic, read our blog titled "College Savings: Is a 529 Right for your Child?" https://carsonallaria.com/2020/11/30/college-savings-is-a-529-plan-right-for-your-child/ Get more free…
Is a 529 Plan the best way to save for your child's future? Here's why it might be. #529plans #college savings #wealthmanagement For more on this topic, read our blog titled "College Savings: Is a 529 Right for your Child?" https://carsonallaria.com/2020/11/30/college-savings-is-a-529-plan-right-for-your-child/ Get more free resources from CarsonAllaria Wealth Management! https://carsonallaria.com/…
Annuities sometimes carry a negative connotation, which raises the question, "Are annuities bad?" This answer really depends. Like all investments, annuities come in many different shapes and sizes. There are certain annuities that can be good for consumers and can meet their financial objectives. Others can have excessive fees and/or…
Managing your emotions during volatile markets can be difficult, and the financial media certainly doesn't help. Investors should remember, though, that short-term decisions can have lasting, long-term effects. Also, a good investment policy is one that is long-term, goal-focused, and planning-driven. For more on this topic and other resources, please…
Volatile markets can cause stress and anxiety for investors. Those emotions seem to be compounded, many times unnecessarily, by the financial media. It's important to understand that the financial media are not fiduciaries and are not incentivized for your financial well-being. Instead, they are incentivized to increase readership, viewership, subscriptions,…
Speaking to an estate planning attorney to discuss what your needs are is important at any stage of your life. Do you need a will or a trust? Should you have a power of attorney? Whether you have a young family or getting ready to retire, there are unique challenges…
Retirement planning can cause both excitement and anxiety. There are many decisions that every retiree faces, including when to begin Social Security withdrawals, what accounts to withdraw from first, and what happens if I encounter a long-term care event. Our job is to help create a plan that can help…