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Estate Planning

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Estate Planning Article

529 Rollover to a Roth IRA – What You Need to Know

Thanks to the SECURE Act 2.0, a 529 plan can rollover to a Roth IRA under certain conditions, effective January 1, 2024.

Estate Planning Article

Special Needs Trusts Rule Changes from SECURE 2.0

While it wasn’t as earth shattering as the SECURE Act, Congress did implement some important new retirement rules in the SECURE Act 2.0. We’ve reviewed several of those rules since SECURE 2.0 went into effect on January 1, 2023, but there are a few rules that haven’t received much publicity that we still need to go over. Today, we’re going to review special needs trusts and other important financial planning strategies for those who are caring for children with special needs.

Estate Planning Article

Transferring Wealth: IRAs Are a Bad Option

Do you remember when IRAs were good? Congress messed that up with the SECURE Act. IRAs are now a bad wealth transfer option. Dean Barber and Bud Kasper will help explain why that is and what all to consider when transferring wealth to your loved ones.

Estate Planning Article

Inherited IRA Rules and the SECURE Act

The rules of inherited IRAs are extremely difficult to understand due to the SECURE Act, yet they must be understood. Dean Barber and Bud Kasper review the inherited IRA rules and explain how they can affect different beneficiaries.

Estate Planning Article

RMD Penalty Waived for 2021 and 2022 Missed RMDs within 10-Year Rule

The IRS has issued a notice that waives the 50% penalty on missed RMDs from 2021 and 2022 on IRAs that fall within the 10-year payout rule.

Estate Planning Article

Understanding Your Tax Allocation

Logan DeGraeve breaks down the three tax allocation buckets and how proper tax diversification can make a big difference in your retirement.

Estate Planning Article

5 Wealth Protection Tactics

If we’ve learned anything about what the market has done in 2022, it’s that being patient is pivotal. Rather than giving into fear and greed, Dean Barber and Bud Kasper share five wealth protection tactics to help give your clarity when financial planning.

Estate Planning Article

October Is National Financial Planning Month

Did you know that October is National Financial Planning Month? It honestly came close to slipping our minds because we believe every month should be National Financial Planning Month. Dean Barber, Bud Kasper, and Matt Kasper celebrated National Financial Planning Month by discussing the importance of having a comprehensive financial plan on America's Wealth Management Show.

Estate Planning Article

7 Reasons Why Tax Planning Is So Important

When it comes to advanced tax planning, unfortunately many people either just don’t do it or they wait until the last minute only to find out that there aren’t any options to take advantage of at the point of filing their tax return.

Estate Planning Article

What Is the Guided Retirement System?

You’ve probably heard Dean Barber and Bud Kasper mention the Guided Retirement System several times on America’s Wealth Management. Here is their step-by-step breakdown of the Guided Retirement System to ensure people understand what it is all about.

Estate Planning Article

Securing Your Estate Plan

Did you know that the most expensive estate plan is actually the lack of an estate plan? Join Dean Barber and Bud Kasper as they discuss securing your estate planning and mistakes to avoid. They have some interesting stories to tell and some tricks and tips to make sure that your estate plan is right for you.

Estate Planning Article

4 Estate Planning Mistakes to Avoid

all of the components of a well-designed financial plan, estate planning might be the one that people like to think about the least. After all, you're confronting and dealing with your own mortality. Let's take a few minutes to review some of the common estate planning mistakes and learn how we can avoid them. 

Estate Planning Article

The Son of SECURE: Here We Go Again

On May 5th of 2021, the House Ways and Means Committee passed the 2.0 of the SECURE Act, nicknamed the Son of the Secure, officially known as the Securing a Strong Retirement Act of 2021.

Estate Planning Article

Understanding Generational Wealth

Did you know that 60% of families waste their generational wealth in the second generation? And 90% of families have little to nothing left at the end of the third generation? Join Dean Barber and Bud Kasper as they talk about generational wealth planning and how you can make sure that the money stays in the family.

Estate Planning Article

Estate Tax: How Will My Assets Be Taxed When I Die? 

You are probably aware that the government can tax you when you earn income from work, make money on investments, take withdrawals from accounts, and even tax the income you receive when you claim Social Security benefits. Were you aware that the government can also tax your estate (and your beneficiaries) on the assets you own when you die? 

Estate Planning Article

5 Reasons to Update Your Estate Plan Today

It's National Estate Planning Awareness Week, and with what everyone has experienced in 2020, we thought it was prudent to go over some reasons to update your estate plan today. 

Estate Planning Article

Top 10 Financial Planning Considerations

It's National Financial Planning Month! Join Dean Barber and Bud Kasper as they outline the top ten financial planning considerations. This is by no means a complete list of everything you need to do, but if you get these top ten in your financial plan, it can help you get clarity, confidence, and control for your retirement.

Estate Planning Article

Introducing Wishlife: Leaving a Lasting Legacy

Wishlife is an easily accessible family library that can be used to store photos, videos, and important documents that you would like to have as a part of your lasting legacy. Want to make sure that your grandchildren and their children and grandchildren know how you and your spouse met? Upload a video of you and your better half discussing how the first date occurred and what each person’s first impression was before falling in love.

Estate Planning Article

7 Retirement Strategies to Retire Successfully

This list of strategies will hopefully give you a great place to start if you're getting ready to retire or just curious about preparing for retirement. Our goal is to provide you with simple yet effective retirement strategies that do not only focus on investment tactics or savings percentages. Instead, we hope to give you a toolbox of strategies for retirement with which you can combine to build the retirement of your dreams.

Estate Planning Article

Why Spouses Should Be Planning for Retirement Together

Planning ahead is important, especially when it comes to retirement. However, many spouses planning for retirement don’t plan together. Instead, opting for one spouse to quarterback the retirement plan for the both of them. The problem with this game plan is that it takes two to tango, and it takes two to build a retirement that works for both parties. There are many reasons why spouses should be planning for retirement together, so let's discuss some of them.

Estate Planning Article

Is the Stretch IRA Dead?

In December 2019, Congress passed the Setting Every Community Up for Retirement (SECURE) Act. One of the most significant changes is the elimination of the stretch provision for most beneficiaries of inherited retirement plans like IRAs and 401(k)s. What does this change mean for you? What opportunities does it present?

Estate Planning Article

SECURE Act Changes Retirement Planning

In 2019, there was a lot of buzz about the Setting Every Community Up for Retirement or the SECURE Act. Early on, this bill had bipartisan support, unusual in today's political climate. The SECURE Act passed both chambers of Congress, and on December 20, 2019, was signed into law by President Trump. This single piece of legislation will have significant impacts on retirees and their beneficiaries. So, let's dive deeper and discuss how the SECURE Act changes retirement planning.

Estate Planning Article

20 Things to Do Before You Retire in the 2020s

Well, here we are approaching the close of another decade. As many often do near the end of a milestone, we’re doing a countdown. However, this countdown isn’t looking back over the past decade, but rather forward toward the decade on the horizon. New decades often mean new goals, and for many, it’s likely the ultimate goal during our working years, retirement. 

Estate Planning Article

National Estate Planning Awareness Week

National Estate Planning Awareness Week is upon us, going from October 21st to the 27th this year. So, what is National Estate Planning Awareness Week? Also, why do we need a national awareness week for estate planning? Let’s dig in and find out.

Estate Planning Article

What is a Living Trust and Do I Need One?

Many use a living trust in their estate planning strategy. However, whether it’s right for you depends on your personal necessities, goals, and situation.

Estate Planning Article

Cover Your Assets with an Estate Plan

We work hard to protect our wealth from many things while we’re alive. We try to avoid taking on too much investment risk. We try to avoid losing purchasing power to inflation over time. We have insurance policies in place to recover things we lose or to provide us...

Estate Planning Article

Creating Generational Wealth

Estate lawyers in Kansas City and beyond have witnessed the demise of family wealth again and again.

Estate Planning Article

What Happens to Debt When Someone Dies?

When a loved one passes away, most heirs are concerned about what will happen to their outstanding debt.

Estate Planning Article

Navigating Toward Your Financial Independence Day

In July 1776 our founding fathers declared independence from the British Empire, and earlier this week we celebrated that great feat with our family and friends over backyard barbecue and colorful explosions in the sky.

Estate Planning Article

Passing Down a Vacation Home

Wills and trusts administration lawyers often have the opportunity to work with local families who—in addition to planning for their regular home—also have a vacation home to take into consideration during the planning process.

Estate Planning Article

Keeping the Family Wealth Going

You’ve brought them into the world, watched them grow, cared for their needs, spent money on their wants, and regardless of the fact that they are now adults, you still want to take care of your child(ren) once you are gone.

Estate Planning Article

Paying for a Grandchild’s College

It’s the season of graduations and that means heading to your child or grandchild’s high school or college to watch them cross the stage beaming with accomplishment.

Estate Planning Article

Are You Prepared for Mental Decline?

No one likes to think about cognitive decline in themselves or their loved ones. But, for many families, this is an incredibly important topic to address.

Estate Planning Article

What Does the New Tax Plan Mean for Investing?

While much of the political fire and fury from Congress' tax plan debate has settled, some of the economic smoke still lingers as financial analysts and private investors plot their way through the new $1.4 trillion law's long-range ramifications.

Estate Planning Article

Tips for Families Who Have Children with Special Needs

When beginning to build their families, few parents expect to have a child with special needs. However, the experience is surprisingly common and affects millions of people throughout the United States.

Estate Planning Article

4 Pillars of Retirement Translated

From time to time, a new prospect that I’m meeting with asks me what the 4 pillars of retirement are and how they relate to retirement planning.

Estate Planning Article

What is Probate? Is it Bad?

Probate is the process of collecting your assets, paying your debts and taxes, and transferring the property owned by you, at your death, to your heirs. 

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Video

Rules on Gifting Money to Family

How do wealth transfer and gifting affect your taxes? What are some strategies that you can use to transfer wealth to the next generation as tax efficiently as possible? Director of Tax Corey Hulstein answers those questions and review rules on gifting money to family on the Modern Wealth Management Educational Series.

Video

What Is Tax Diversification?

Tax Diversification may not sound like a very exciting topic, but if done correctly over your lifetime, you can pay substantially less in taxes. Our Director of Tax, Corey Hulstein, joins Dean Barber on the Barber Educational Series to explain what tax diversification is and why it’s so important to achieve a successful retirement.

Video

Dr. Alan Molk Presents “Saving Lives, Saving Dignity”

In this webinar, Dr. Alan Molk tells the story of why he wrote his book, Saving Lives, Saving Dignity. He presents his background as an emergency room physician of 40 years, and why he believes having advanced health care directives is imperative for you and your family.

Video

Is a Will Enough?

In this webinar, Estate Planning Attorney Garrett Griffin, illustrates the differences in wills and trusts, what you can do to protect your legacy, and why it's important to develop your estate plan with your family in mind. You don't put together an estate plan for yourself, you do it for your loved ones.

Video

Savvy IRA Planning for Boomers

Financial Advisor Drew Jones presents an updated version of our Savvy IRA Planning for Boomers webinar. IRA Planning is a complex process. Factor in recent changes from the SECURE Act, and it gets even further complicated. We're here to clear up the noise as Drew presents Savvy IRA Planning for Boomers.

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PDF Document

Estate Planning Guide

One of the most important things you can do for them is to ensure that when you pass away, your estate is protected.

Insurance

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Insurance Article

5 Financial Updates for 2023

We're excited to put 2022 in the rearview mirror. As we round out the first week of 2023, here are five financial updates to keep tabs on.

Insurance Article

How to Mitigate Inflation on Healthcare Costs

Healthcare costs and inflation are uncomfortable to talk about, yet they are important and oftentimes related subjects. Here are a few solutions of how to mitigate inflation on healthcare costs.

Insurance Article

Health Insurance Options for Retirees Under 65

When people younger than 65 are pondering if they have the means to retire early, there's usually one obstacle that's bigger than the rest. That's health insurance coverage. It's no doubt a valid concern. So, we want to review some health insurance options for retirees under 65 to help give you some clarity with your chances of retiring early.

Insurance Article

What is Medicare Open Enrollment?

The Medicare Open Enrollment period, which is October 15 through December 7 each year, is coming up. Insurance Consultant and Medicare Expert Tom Allen is here to make sure you are prepared to make your selection for 2022.

Insurance Article

Do I Still Need Life Insurance in Retirement?

For many people in similar situations to my own, life insurance makes sense for various reasons. But what about individuals who are approaching retirement or already retired? Do they still need life insurance in retirement? The answer, like most things in personal financial planning, is "it depends."

Insurance Article

5 Ways to Set Your Kids Up for Financial Success

Everyone wants the best for their kids and making sure they have the tools to create financial success for themselves is important.

Insurance Article

Why You Should Never Be Sold Insurance

Bud and Dean will discuss how you determine what insurance you should purchase and why. And how do you stress test the difference between self-insuring and buying the necessary insurance? 

Insurance Article

Top 10 Risks in Retirement

When you ask the question, "What's your biggest fear in retirement?" Most people will say it's the fear of running out of money. Join Dean Barber and Bud Kasper, as they talk about the top 10 risks in retirement and what you can do to mitigate those risks.

Insurance Article

Reviewing Your Property and Casualty Insurance

If you are anything like me, the idea of reviewing your property and casualty insurance ranks right up there with things like a visit to the dentist or prepping for a colonoscopy. It just isn't something we tend to look forward to, so we put it off, even though we know we should do it. 

Estate Planning Article

Top 10 Financial Planning Considerations

It's National Financial Planning Month! Join Dean Barber and Bud Kasper as they outline the top ten financial planning considerations. This is by no means a complete list of everything you need to do, but if you get these top ten in your financial plan, it can help you get clarity, confidence, and control for your retirement.

Estate Planning Article

7 Retirement Strategies to Retire Successfully

This list of strategies will hopefully give you a great place to start if you're getting ready to retire or just curious about preparing for retirement. Our goal is to provide you with simple yet effective retirement strategies that do not only focus on investment tactics or savings percentages. Instead, we hope to give you a toolbox of strategies for retirement with which you can combine to build the retirement of your dreams.

Insurance Article

Health Care Costs During Retirement

For those of you gearing up to retire within the next few years, you may be wondering how your health care costs in retirement might look. There are several factors at play. We’re going to dive those to give you a better understanding of your health care costs in retirement.

Estate Planning Article

SECURE Act Changes Retirement Planning

In 2019, there was a lot of buzz about the Setting Every Community Up for Retirement or the SECURE Act. Early on, this bill had bipartisan support, unusual in today's political climate. The SECURE Act passed both chambers of Congress, and on December 20, 2019, was signed into law by President Trump. This single piece of legislation will have significant impacts on retirees and their beneficiaries. So, let's dive deeper and discuss how the SECURE Act changes retirement planning.

Estate Planning Article

20 Things to Do Before You Retire in the 2020s

Well, here we are approaching the close of another decade. As many often do near the end of a milestone, we’re doing a countdown. However, this countdown isn’t looking back over the past decade, but rather forward toward the decade on the horizon. New decades often mean new goals, and for many, it’s likely the ultimate goal during our working years, retirement. 

Insurance Article

4 Questions to Ask About Long-Term Care

As you age, calculating the chances that you’ll need long-term care—and the associated costs—is incredibly important.

Estate Planning Article

Navigating Toward Your Financial Independence Day

In July 1776 our founding fathers declared independence from the British Empire, and earlier this week we celebrated that great feat with our family and friends over backyard barbecue and colorful explosions in the sky.

Insurance Article

Unexpectedly Alone

When someone loses their spouse and finds themselves unexpectedly alone, not only is it heartbreaking, it can be financially devastating.

Estate Planning Article

Tips for Families Who Have Children with Special Needs

When beginning to build their families, few parents expect to have a child with special needs. However, the experience is surprisingly common and affects millions of people throughout the United States.

Estate Planning Article

4 Pillars of Retirement Translated

From time to time, a new prospect that I’m meeting with asks me what the 4 pillars of retirement are and how they relate to retirement planning.

Insurance Article

Equifax Breach Isn’t Just About the Risk to Your Credit Cards

Identity theft has been a problem for years. Practically everyone knows of someone who has had their debit or credit card number compromised at some point.

Insurance Article

Should I Keep My Life Insurance?

Life insurance has two basic purposes. The first purpose is to replace income that is lost from the person who passes away. The second one is designed to be a way to enhance the estate left behind for any beneficiaries.

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Video

Rising Long-Term Care Costs

Matt Kasper and Logan DeGraeve tackle the crucial topic of rising long-term care costs on the Modern Wealth Management Educational Series.

Video

ABCs of Medicare

Tom Allen, Insurance Consultant & Medicare Expert, breaks down the many letters of Medicare in this webinar. The intention of the ABCs of Medicare is to help people understand what Medicare Parts A & B cover, and more importantly, what they don't cover and what you need to do about it. You'll learn how the Medicare Open Enrollment Period actually works, how to find out what prescription drugs are covered under certain plans, what Parts C & D cover, and more.

Video

Are You Fully Covered?

In this webinar, Darren Newell, Insurance Advisor, breaks down the intricacies of property and casualty insurance to address the question, "Are you fully covered?" The intention of the Are You Fully Covered? is to help people understand property and casualty insurance. What you need, and, just as important, what you don't need in coverage.

Video

Savvy IRA Planning for Boomers

Financial Advisor Drew Jones presents an updated version of our Savvy IRA Planning for Boomers webinar. IRA Planning is a complex process. Factor in recent changes from the SECURE Act, and it gets even further complicated. We're here to clear up the noise as Drew presents Savvy IRA Planning for Boomers.

Investments

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Investments Article

Another Tech Bubble in 2023?

There’s no shortage of crazy things happening right now. We're going to dive into the inverted yield curve once again and dig into what's driving the markets higher. There are some interesting things going on in the markets, specifically in tech. Is another tech bubble taking shape? Dean Barber looks at that and much more in his May Monthly Economic Update.

Investments Article

What Is Wealth? 4 Types of Wealth

Dean Barber and Bud Kasper are going to define the four types of wealth to thoroughly answer the question, “What is wealth?” on America’s Wealth Management Show.

Investments Article

A Banking Crisis Amid the Fed’s Fight Against Inflation

Whether it was major bank failures, another 0.25% increase of the Fed funds rate, or 10-year treasury yields falling, March didn’t lack any madness this year. We’ll look at all that and more during our March Monthly Economic Update.

Investments Article

The Effect of Rising Interest Rates on the Economy

In case you missed it, Federal Reserve Chairman Jerome Powell announced another 0.25% Fed funds rate hike on March 22. The Fed funds rate is now in the 4.75-5% range. So, where will interest rates go from here and what does that mean for you and your retirement plans? Dean Barber and Bud Kasper will discuss the effect of rising interest rates on the economy and much more on America’s Wealth Management Show.

Investments Article

Lost Decade of the 1970s and Why It Still Matters

Shane Barber looks back at the lost decade of the 1970s to see if we can glean some clues for what the 2020s could hold in store for us, and how we can navigate through what may indeed be difficult years ahead.

Investments Article

401k in Retirement: Managing Your Biggest Asset

According to Fidelity, retirees lost an average of 23% in their 401(k) savings in 2022. What should you do with your 401(k) in retirement? Bud Kasper and Logan DeGraeve discuss how to manage assets like your 401(k), both in retirement and as you're preparing for retirement.

Investments Article

Consumer Debt Is at an All-Time High

Dean Barber assesses consumer debt, consumer spending, and how it ties into inflation in his February Monthly Economic Update.

Investments Article

Corporate Earnings and Why They Matter

If you listen to any financial media, you’ll hear them talk repeatedly about “corporate earnings.” To give you an idea of how much talk there is about corporate earnings, a quick Google search of the term will net roughly 400 million results in about half a second. So, obviously corporate earnings are important to a lot of people. But what do they mean, and why are they so important? Today, we’re going to discuss just that. 

Investments Article

Interest Rate Increases Continue in 2023

While all major indices were up in January, the U.S. treasuries yield curve is inverted more than it was at any point of 2022 and Federal Reserve Chairman Jerome Powell is continuing interest rate increases in 2023. We'll cover all that and more in our January Monthly Economic Update.

Investments Article

Retirement Income During a Recession

Recession signals remain strong as we begin 2023. We discuss how to go about saving and protecting your retirement income during a recession.

Investments Article

What Is Yield Curve Inversion?

What is yield curve inversion? And why does it precede recessions? Shane Barber answers those questions in his latest article.

Investments Article

2022 Was Unusual for Bonds, Tough on Stocks

2022 is in the rearview mirror, and thank goodness, because it was a rough year. Watch Dean review the tough year on stocks, the unusual year for bonds, interest rates and the Federal Reserve, and our outlook for 2023 as it stands today.

Investments Article

Recession Fears Remain High for the Holidays

There’s plenty of holiday cheer to go around, but recession fears also remain high as we head into 2023. Let's look at where things stand following a 0.5% increase of the Fed funds rate in December.

Investments Article

Economic Outlook for 2023: What Do We Need to Prepare for?

In our last Modern Wealth Management Educational Series event of 2022, Dean Barber and Bud Kasper look back on the past year and provide an economic outlook for 2023. While they don’t have a crystal ball to predict exactly what the economic outlook will be for 2023, they want you to be prepared for some of the things that could happen.

Investments Article

Inverted Yield Curve Signals Recession

Along with looking at the latest trends in the stock and bond markets, Dean Barber discusses why the inverted yield curve is a signal of a recession in the November 2022 Monthly Economic Update.

Investments Article

Dead Cat Bounces

Is this another dead cat bounce or the beginning of the next bull market? Dean Barber and Bud Kasper look into the dead cat bounces that we’ve had so far in 2022 to get a better idea of what the answer could be.

Investments Article

More Interest Rate Hikes on the Way?

Dean Barber and Bud Kasper discuss the latest on inflation, more interest rate hikes, the likelihood of a global recession, and much more on this episode of America's Wealth Management Show.

Investments Article

When Will the Bear Market Be Over?

We saw a big market run-up in October. Dean Barber explores when the bear market will be over in our October Monthly Economic Update.

Investments Article

8 Retirement Challenges That You Didn’t Have While Working

Planning for a fulfilling retirement isn’t something that can be done in a blink of an eye. It takes time and a lot of preparation to overcome a lot of retirement challenges that many people don’t even think about. Bud Kasper and Logan DeGraeve review those retirement challenges and encourage you to start building your financial plan sooner rather than later.

Investments Article

Reading Your Balance Sheet and Income Statement

Will Doty reviews how to read your balance sheet and income statement, and how it all comes back to your comprehensive financial plan.

Estate Planning Article

5 Wealth Protection Tactics

If we’ve learned anything about what the market has done in 2022, it’s that being patient is pivotal. Rather than giving into fear and greed, Dean Barber and Bud Kasper share five wealth protection tactics to help give your clarity when financial planning.

Estate Planning Article

October Is National Financial Planning Month

Did you know that October is National Financial Planning Month? It honestly came close to slipping our minds because we believe every month should be National Financial Planning Month. Dean Barber, Bud Kasper, and Matt Kasper celebrated National Financial Planning Month by discussing the importance of having a comprehensive financial plan on America's Wealth Management Show.

Investments Article

Examples of Market Risk Abound in September

There is so much economic uncertainty, from interest rates to inflation to what's going on geopolitically. All of those are significant examples of market risk. Dean Barber talks about those examples of market risk and much more in September’s Monthly Economic Update.

Investments Article

8 Ways to Combat Financial Uncertainty

All the financial uncertainty that we’re dealing with seems to be coming at us from every angle. While this financial uncertainty is uncomfortable, it’s not uncommon. From the Dot-Com Bubble to the Financial Crisis, we’ve been through cycles similar to this. Dean Barber and Bud Kasper look back at some of those cycles and review eight ways to combat financial uncertainty.

Investments Article

Market Conditions Falter to Round Out August

Market conditions tumbled at the end of August after a summer rally. Dean Barber takes an in-depth look in August's Monthly Economic Update.

Investments Article

5 Factors More Important Than Rate of Return

When it comes to building your retirement plan, a lot of people think your rate of return is the No. 1 thing to keep in mind. While it is important, your investments aren’t the main factor when it comes to your plan. Dean Barber and Bud Kasper will review five factors that are more important than your rate of return on this episode of America's Wealth Management Show.

Investments Article

The Definition of a Recession

We now have a negative GDP for two consecutive quarters, which is the definition of a recession. Dean Barber reviews that and more in July's Monthly Economic Update.

Investments Article

6 Reasons Roth Conversions Could Work for You

If you read our blog post from earlier this month titled, 8 Ways to Prepare for a Recession, you might remember that Roth conversions were No. 1 on the list. While Roth conversions aren’t for everyone, there are quite a few reasons why they could be right for you.

Investments Article

4 Retirement Risks That Are Out of Your Control

A huge factor of financial planning is controlling what you can control. It’s pivotal to understand that as you’re determining if you have enough money to get to and through retirement. The fear of outliving your money is a retirement risk that’s big concern for a lot of people. However, with a financial plan, it’s a controllable retirement risk. In this episode of America's Wealth Management Show, Dean Barber and Bud Kasper discuss four retirement risks that you can plan for but are out of your control.

Investments Article

Are We in a Recession?

Are we in a recession? Dean Barber raises that question and reviews the latest on interest rates and bonds in June's Monthly Economic Update.

Investments Article

Bear Markets and Mean Reversions

Shane Barber explores several methods of measuring how overvalued the markets became, how overvalued they remain, and how far they might fall if we are actually in the middle of a mean reversion event.

Investments Article

Bear Market Is Here, Is There More to Come?

The S&P 500 entered bear market territory, preceded by the NASDAQ index entering bear market territory a few weeks back. Join Dean Barber and Bud Kasper as they discuss navigating the current bear market.

Investments Article

2022 Halftime Report

Dean Barber and Bud Kasper discuss the year so far and what they think about the balance of 2022 in our 2022 Halftime Report.

Investments Article

Finding Financial Clarity in Uncertain Times

With all the issues we’re facing domestically and globally that are impacting the economy, it’s pivotal to find financial clarity during these uncertain times. Bud Kasper and Logan DeGraeve talk about the importance of having a financial plan to navigate that uncertainty and help people reach their goals in retirement.

Investments Article

Bear Market Rallies

Dean Barber assesses the possibility of upcoming bear market rallies and reviews the bear market rallies of the Dot-Com Bubble and Great Recession.

Investments Article

A Recent History of Bear Markets

Clarity, confidence, and control within your financial plan is of the utmost importance right now amid these turbulent times in the markets so you can accomplishment your goals in retirement. Dean Barber and Bud Kasper review a recent history of bear markets and how you can stress test your financial plan through periods like the Dot-Com Bubble and Great Recession.

Investments Article

Keeping an Eye on I-Bonds

Inflation is an i-word that anyone and everyone is tired of hearing. Then, there’s interest rates that are rising that are also making people feel uncomfortable. But there is another i-word that Modern Wealth Management clients have been coming to us with questions about that we want to address. We’re talking about I-Bonds. 

Investments Article

529 Plans and Planning for Your Grandchildren’s Futures

There are few prouder moments for grandparents than their grandchildren's graduation. You can help plan their future by building them a 529 plan.

Investments Article

How Are Bond Mutual Funds Impacted by Interest Rates and Bond Prices?

The relationship between bond prices and interest rates has been a hot topic of discussion, but how does it apply to bond mutual funds? We examine that and how duration is such a big factor in answering that question.

Investments Article

When a Housing Market Shortage Becomes a Surplus

Shane Barber discusses what is going on in the housing market and how a housing shortage could become a housing surplus.

Investments Article

Inflation Rates and the Fed

Following a 50 basis point hike of the Fed funds rate last week, Dean Barber and Bud Kasper discuss the Federal Reserve's challenge of combating high inflation rates and the necessary factors to achieve a soft landing.

Investments Article

A Historic Half-Point Hike of the Fed Funds Rate

FOMC Chairman Jerome Powell announced on a 50 basis point increase of the Fed funds rate on Wednesday in hopes of slowing down rampant inflation. The half-point hike was the biggest hike from the FOMC since May 2000.

Investments Article

Interest Rates and Bond Prices

Dean Barber and Bud Kasper take a deep dive into the relationship between interest rates and bond prices and provide some education on bond alternatives.

Investments Article

Mortgage Rates and Interest Rates on the Rise

April showers tend to bring spring May flowers, but in the financial world, the forecast is filled with more market volatility. Dean Barber looks at the latest developments with interest rates, the bond and stock markets, and 30-year mortgage rates.

Investments Article

Stress Testing Your Financial Plan

The saying goes that history never repeats itself, but it often rhymes has been very relevant lately from a financial planning perspective. Dean Barber and Bud Kasper discuss the importance of stress testing your financial plan to see how it would perform in similar periods to what we’re currently experiencing.

Investments Article

Geopolitical Uncertainty Creates Chaos … And Opportunities

Shane Barber discusses the geopolitical uncertainty surrounding the war between Russia and Ukraine, the potential conflict between China/Taiwan, what commodities are being impacted, and the economic opportunities to be aware of.

Investments Article

What Is Going On in the Bond Market?

For the first time since late 2019, the two-year treasury is yielding higher than the 10-year treasury. This is called an inverted yield curve. Since the late '70s Every single time we've seen an inverted yield curve, It has led to a recession. Join Dean Barber and Bud Kasper as they discuss what is going on in the bond market and what the inverted yield curve means to you.

Investments Article

A Recent History of Inverted Yield Curves

Dean Barber discusses the inverted yield curve, the likelihood of a recession, market volatility, and what to do moving forward.

Investments Article

The True Meaning of Tax Planning

Tax filing has been top of mind lately with the April 18 deadline fast approaching. While the tax compliance window is closing for this year, it’s important to remember that the tax planning window is always open. Bud Kasper and Logan DeGraeve discuss the true meaning of tax planning and how to best mitigate taxes over your lifetime.

Investments Article

The Impact of Rising Interest Rates

It's been just over a week since Federal Reserve Chairman Jerome Powell announced a 0.25% hike of the Fed funds rate, and that six more increases have been penciled in for the remainder of 2022. The Federal Reserve's goal with these moves is to slow down inflation, but what can we expect the impact to be from rising interest rates? Bud Kasper and Logan DeGraeve discuss the importance of making necessary adjustments to your portfolio in a rising interest rate environment.

Investments Article

The Federal Reserve’s Monetary Policies

LSA Portfolios President Brad Kasper reminds us of the Federal Reserve's Monetary Policies as the Fed begins to raise interest rates.

Investments Article

Dot-Com Bubble History Remains Relevant

Shane Barber looks back at the bursting of the Dot-Com Bubble in March 2000 and compares and contrasts it with our current market conditions.

Investments Article

From Quantitative Easing to Quantitative Tightening

Bud Kasper explains the Federal Reserve's shift from quantitative easing to quantitative tightening ahead of the Fed's March 16 meeting.

Investments Article

Economic Impact of March Market Madness

March means it’s time for March Madness, but there’s a different March Madness that Dean Barber and Bud Kasper are talking about that has nothing to do with college basketball. Dean and Bud break down the economic impact we’re seeing from the Russia/Ukraine conflict, the likelihood of rising interest rates, and other contributors to this March Market Madness.

Investments Article

Staying Calm Amid Economic Uncertainty

Everyone has their opinions about the Federal Reserve’s plan of action with interest rates and the developing situation between Russia and Ukraine. Regardless of your opinions, Dean Barber and Logan DeGraeve explain why it’s critical to keep your emotions in check and make sound financial decisions during these times of economic uncertainty.

Investments Article

Managing Risk in the Markets

Between the Federal Reserve’s decision on rising interest rates and the situation with Russia and Ukraine, there are a lot of unknowns right now. Dean Barber and Bud Kasper discuss the importance of controlling what you can control by managing market risk to alleviate the angst of the unknowns.

Investments Article

When Will the Fed Say, “Take a Hike?”

It feels like it’s only a matter of time before the Fed says to, “Take a hike?” Interest rate hikes are likely on the horizon. Bud Kasper and Logan DeGraeve look at what the impact could be from any of the Fed’s rate hikes and how big they could be.

Investments Article

What Is Going on with Interest Rates?

Shane Barber discusses what all is going on with interest rates and how impending rate hikes could impact the markets.

Investments Article

10 Ways to Fight Inflation in Retirement

In recent months, we’ve all felt inflation’s impact at restaurants, gas stations, grocery stores, and so many other places. There’s no question that inflation has made its presence known, especially among retirees. It’s important to us that you to continue to live your one best financial life despite these inflationary issues, so we’ve compiled a list of ways to fight inflation.

Investments Article

Navigating the Latest Market Fluctuations

The Federal Reserve is walking an absolute tight rope. Markets are going crazy. We’ve seen one of the most volatile months since the beginning of the COVID-19 pandemic. Bud Kasper, Matt Kasper, and Jason Newcomer join Dean Barber discuss the latest on the wild market fluctuations and what you need to know moving forward.

Investments Article

Market Volatility: Short-Term or Here to Stay?

Market volatility is making its presence known as we begin 2022. Dean Barber and Bud Kasper break down whether we can expect it to be short-term or if we need to buckle up for the long haul.

Estate Planning Article

What Is the Guided Retirement System?

You’ve probably heard Dean Barber and Bud Kasper mention the Guided Retirement System several times on America’s Wealth Management. Here is their step-by-step breakdown of the Guided Retirement System to ensure people understand what it is all about.

Investments Article

Inflation and Supply Chain Issues Are Intertwined

Inflation continues to run rampant as we begin 2022. Shane Barber shares how the ongoing supply chain issues are the root of inflation.

Investments Article

5 Retirement Planning Tasks for a Better 2022

After coming off a strong year of market returns in 2021, let's look at five retirement planning tasks that can help make for an even better year in 2022.

Investments Article

Good Market Performances to Begin 2022

We had the Delta variant, the Omicron variant, and all kinds of crazy things happening in 2021. Nevertheless, Dean Barber is excited to review a solid year in the markets for 2021 and highlight how 2022 is already offering good market performances.

Investments Article

Portfolio Diversification: The Key to a Happy New Year

As you make your New Year’s financial resolutions, remember that risk will always be guaranteed within the markets. However, proper portfolio diversification can go a long way toward reducing that risk. Modern Wealth Management CEO and Founder Dean Barber and Director of Financial Planning Jason Newcomer discuss why it’s important to assess that risk by rebalancing as 2021 comes to a close.

Investments Article

The Evolution of Artificial Intelligence in the Creation of Stock Portfolios

Bud Kasper and Matt Kasper discuss the evolution of artificial intelligence in the creation of stock portfolios and how it's developed throughout their careers.

Investments Article

Reviewing Rebalancing Strategies

Market performances continue to make investors jolly during the holidays, but there’s something else you should be doing right now rather than just enjoying the ride. Dean Barber and Bud Kasper share why the holiday season is a good time to be reviewing rebalancing strategies.

Investments Article

Safe Withdrawal Rates

Dean Barber and Bud Kasper discuss safe withdrawal rates and why they should be different for each person based on their financial plan.

Investments Article

Is a Slowing Growth Period in Our Future?

Dean Barber predicts that we'll see a slowing growth period continue through the end of 2023 to avoid any type of recession.

Investments Article

The Fine Line Between Good Fear and Bad Fear

Dean Barber and Bud Kasper break down the differences between good fear and bad fear to help people live their one best financial life.

Investments Article

Predicting the Future of Your Retirement

There is contrast between the uncertainties in retirement and your career. Learn more about how you can predict the future of your retirement.

Investments Article

Market Volatility Adds to Spookiness of October

After the market experienced a negative month in September for the first time since January, Dean Barber and Bud Kasper suggest that the spookiness of October includes a lot of market volatility.

Investments Article

Owning Bonds in a Rising Interest Rate Environment

One of the more common questions clients have asked us over the past few years is, "Why would I want to own bonds right now, when they are barely paying any interest, and interest rates are going to be going up soon?"

Investments Article

Understanding US and Consumer Debt

Total US national debt now eclipses $28 trillion. Total US household debt eclipses $14 trillion. Both all-time highs. What does this mean to the US economy? What does it mean to you financially? Join Dean Barber and Bud Kasper as they examine the US national debt and consumer debt.

Investments Article

Investing in a Post-COVID Era

What’s more important when you head into retirement – your asset allocation or the financial planning techniques employed in your retirement plan? Join Dean Barber and Bud Kasper as they tackle investing in a post-COVID era. You’ll understand why financial planning techniques are far more critical than just looking at the asset allocation.

Investments Article

The Next Ten Years: Investing During and Beyond COVID-19

Welcome to the Monthly Economic Update. We have an extended program for you today. I'm joined by David Mitchell, Regional Director for Alliance Bernstein. We'll detail what's happening in the economy, what's happening in the market, and taking a look forward at what we can expect. 

Investments Article

Bear Markets and Sequence of Returns

Bear markets and sequence of returns. Join Dean Barber and Bud Kasper as they tackle the question: Can retirees survive the next bear market? It's not a question of if – it's a question of when will the next bear market will occur. They're going to discuss strategies so that you can survive the next bear market.

Investments Article

Asset Location & Peter Thiel’s $5 Billion Roth IRA

A story has been making the rounds over the past few weeks profiling entrepreneur Peter Thiel. You may have seen he is the owner of a Roth IRA worth approximately $5 Billion. Yes, that's Billion, with a capital "B."

Investments Article

Breaking Down Inflation

Taxes and inflation. These are the two largest wealth eroding factors when it comes to your retirement. We see people all the time using an inflation rate in their financial plans well below what it should be. Join Dean Barber and Bud Kasper as they break down inflation historically and inflation today.

Investments Article

Market Valuations: Is it Time to Rebalance Again?

I walk through market valuations, expected long-term returns based on current market valuations, and where we are right now in the economic cycle, where the markets are, and what we think is ahead.

Investments Article

Why Bear Markets Matter

You know a lot of people say that asset allocation will take you through any bear market. Join Dean Barber and Bud Kasper as they discuss why bear markets matter more than you think. Especially those of you that are nearing retirement or in retirement.

Estate Planning Article

The Son of SECURE: Here We Go Again

On May 5th of 2021, the House Ways and Means Committee passed the 2.0 of the SECURE Act, nicknamed the Son of the Secure, officially known as the Securing a Strong Retirement Act of 2021.

Investments Article

Bond Market Outlook & May Market Performance

What is happening in the economy and the markets? Is inflation here to stay? Or is it a temporary phenomenon? Join me for just a few minutes here as we talk about what's happening in the markets and the economy, a bit on inflation, and a lot on bonds.

Insurance Article

5 Ways to Set Your Kids Up for Financial Success

Everyone wants the best for their kids and making sure they have the tools to create financial success for themselves is important.

Investments Article

401(k) Factors to Consider

You're 401(k), if you're like anyone else, is likely your largest asset. If it's not now, it probably will be in the future. What happens to that 401(k) when you change jobs? Should you do Roth or traditional contributions? Join Dean Barber and Bud Kasper as they discuss your 401(k), your largest asset.

Investments Article

What to Do with a 401(k) After Leaving a Job

Have you ever left a job where you were actively saving in a 401(k) account? You may be wondering what your options are for that 401(k).

Investments Article

Should I Buy Gold?

"Should I buy gold?" I hear this question daily, multiple times, and it's not surprising. You can't turn on your radio, television, or open your email or social media accounts without being bombarded by gold commercials. They're everywhere.

Investments Article

April 2021 Market Performance

Today I'll review what happened in the markets during April. We saw some good things across the board. More importantly, however, we're going to talk about what we see coming for the balance of this year.

Investments Article

Are Annuities a Good Investment?

Has anybody ever said to you, I've got the best investment for you? If that happens, turn around and walk away. Here's the deal. Every investment was designed for a specific reason. Before you should ever talk about investments with anybody, they should fully understand your personal situation. 

Investments Article

401(k) Employer Match (Free Money)

The 401(k) employer match is what I want to discuss today. The "free money" available to those of you who have a 401(k) or other qualified plan at work where your employer matches some portion of your contributions to the plan. 

Investments Article

Money Velocity and March Markets

So everything started pretty decently in March, and then we had a little bit of a pullback. We will discuss why that pullback occurred, the 10-year Treasury, bonds, and money velocity. 

Investments Article

Bonds Versus Bond Funds

A well-diversified investment portfolio is one of the cornerstones of a well-crafted financial plan. Not only is it a good idea to have a variety of different types of stocks in your long-term investment accounts, but it is also typically wise to own other types of assets, like bonds.

Investments Article

Income in a Low Interest Rate Environment

We've been in a low interest rate environment for quite some time, but we're in a little bit different situation today than we have been, say, over the last decade.

Investments Article

Buying Real Estate in Your IRA? Not So Fast

There is no shortage of people and companies out there trying to convince you that buying actual real estate in your IRA is a good idea. A quick google search of the term real estate IRA brings up about 63,800,000 results in just under a half a second. Really.

Investments Article

Traditional Versus Roth 401(k)

People frequently ask us whether they should contribute to a Roth 401(k) or a traditional 401(k). The answer to this question depends on your personal situation. There are several factors you should consider.

Insurance Article

Top 10 Risks in Retirement

When you ask the question, "What's your biggest fear in retirement?" Most people will say it's the fear of running out of money. Join Dean Barber and Bud Kasper, as they talk about the top 10 risks in retirement and what you can do to mitigate those risks.

Investments Article

11 Tax Tips for Tax Time

It's everyone's favorite time of year, it's tax time! Well, maybe not. Join Dean Barber and JoAnn Huber, CPA and CFP®, as they discuss 11 tax tips for tax time. Believe it or not, what you're doing during tax season is reporting history. The question really is: What can you do to reduce your tax bill in the future?

Estate Planning Article

Estate Tax: How Will My Assets Be Taxed When I Die? 

You are probably aware that the government can tax you when you earn income from work, make money on investments, take withdrawals from accounts, and even tax the income you receive when you claim Social Security benefits. Were you aware that the government can also tax your estate (and your beneficiaries) on the assets you own when you die? 

Investments Article

Target Date Funds in 401(k)s: Are They Hitting Their Targets?

Today, anybody in the workforce more than likely participates in their company's 401(k) retirement plan. Therefore, they should be familiar with an investment option known as a target date fund. While not part of the original 401(k) investing landscape at its inception in 1978, target date funds, launched in 1994, are the most popular way for participants to invest for their retirement future today. 

Investments Article

Stock Market Valuations Have Never Been Higher

Look at where we are today. The average of these four, as we measure stock market valuations, have never been higher in the history of the market. We are sitting right now at 184% above fair value. So that in and of itself is enough to scare you.

Investments Article

What Should I Invest My Money In?

What should I invest my money in? It's a natural question to ask. Some would say it's a reasonable question to ask. For decades hucksters and prognosticators alike have convinced us that it's a question that can be answered easily.

Investments Article

Financial Planning: Why it’s NOT All About Investments

What's ahead for the stock market in 2021? In order to answer that question, we have to look back at 2020. Join Dean Barber and Bud Kasper as they discuss their 2021 market predictions and look back at 2021.

Investments Article

Rebalancing Your 401(k)

Rebalancing your 401(k), or your portfolio at-large, is the process of resetting the weightings of the investments inside your portfolio to their original weights. For example, let's say your initial investment allocation in your 401(k) was 60% stocks and 40% bonds. 

Investments Article

RMD Strategies for Before & After Retirement

Dean and Bud discuss required minimum distributions this week. You may be asking, “Why are you talking about RMDs so early in the year?” There are major RMD strategies for both before and after retirement. You don’t want to miss a moment of this episode.

Investments Article

Finding the Good Things in 2020 & Looking Ahead to 2021

Shane Barber breaks down the good things to come from 2020 in the markets, the economy, and more. He also looks ahead toward 2021.

Investments Article

2020 Market Wrap-Up & 2021 Outlook

If you fell asleep on January 1, 2020, and woke up today, you would see a stock market that's on fire. The NASDAQ is up over 40%, the Russell 2000 and S&P 500 are up in the mid-teens, and the Dow Jones Industrial Average is up nearly 10%. But guess what, it hasn't been a straight line. What does 2021 have in store for us? Join Dean Barber and Bud Kasper as they review 2020 markets and look forward to 2021.

Investments Article

Record November for Small Cap Stocks & 2020 Wrap-Up

It is December 2nd as we record this. I've got Jason Newcomer, CERTIFIED FINANCIAL PLANNER™, joining me today to give you some updates on a record-breaking month in November. Everybody says we want to put 2020 in the rearview mirror, but I'll take many Novembers of 2020.

Investments Article

The Election and Wall Street: Special Election Update

It's Wednesday, November 11th, as we record this, and the election is over, right? Maybe not. It's Dean Barber, founder, and CEO of Modern Wealth Management, along with Bud Kasper. We come to you with a special election update, whether or not you believe that the election is over or that it's going to end up in the courts. We're here to talk to you about what has gone on so far. And what it means to you as an individual.

Investments Article

The Power of the Consumer

Today we're going to spend some time talking about a subject near and dear to my heart, demographics. With demographics, I'll illustrate to you the power of the American consumer. You might be wondering why I like demographics so much, and that would be a reasonable question to ask. My answer is this. Demographics are the closest thing we have to a crystal ball when predicting future trends in the economy.

Investments Article

Investing in Uncertain Times

If there is one thing that's certain in our economy and country, it's that there is always uncertainty. Join Dean Barber and Bud Kasper as they talk about investing in uncertain times. There are really no times that are certain, but right now there is more uncertainty than ever before especially around COVID-19.

Investments Article

Contested Elections and the Stock Market

We're coming up on elections; some of you may be reading this on election day. There is a global pandemic that we have rising cases going on right now, the election, and the economy. I know you have questions about how you should position yourself and what you should be doing. We're going to discuss all of that and how contested elections have impacted the stock market in the past. 

Estate Planning Article

Top 10 Financial Planning Considerations

It's National Financial Planning Month! Join Dean Barber and Bud Kasper as they outline the top ten financial planning considerations. This is by no means a complete list of everything you need to do, but if you get these top ten in your financial plan, it can help you get clarity, confidence, and control for your retirement.

Investments Article

Dean Addresses September Stock Market Questions

I am sure there are many questions on your mind right now. Is the stock market overvalued? What is driving the stock market? Are we going to get another stimulus plan? And what's going to happen once the November 3rd Election is over? Hey, it's Dean Barber, CEO of Modern Wealth Management. I'm going to address all of those questions on this month's economic update.

Investments Article

Beyond Tax-Efficient Investing

When it comes to investing, an essential measure of success is how much of your return ends up in your pocket instead of in Uncle Sam's. Many people focus on the return without factoring in the drag taxes have on the actual amount of money left to use.

Investments Article

Can I Beat the Market?

Many investors compare their investments to certain indices in an effort to beat the market. But are indices a good benchmark? You may have heard someone say there two emotions that can drive our investing decisions. 

Investments Article

What if Trump Wins the Election?

Shane Barber and I shoulder the challenge of writing if Trump or Biden wins the election. Our task is providing facts and insights as they pertain to each candidate's platform. Neither my friend Shane (the Beethoven of words and the Sherlock Holmes of facts) or I chose which side to represent. Instead, we were assigned a candidate. Mr. Barber will present for former Vice President Biden's positions, while I undertake President Trump's positions.

Investments Article

Are Millennials Saving the Housing Market?

Looking at what the market did in August, you would think that we were in the best economic time in your life! Things have been off the charts. Join me for this Monthly Economic Update where we'll discuss the markets for August, understand how millennials are impacting the housing market, the disparity in certain sub-sectors, and my thoughts on the presidential election.

Investments Article

COVID-19 and the Real Estate Market

There is no doubt that the COVID-19 pandemic has affected the real estate market in a whole host of ways, and there is a high probability that some of the changes that are occurring will be permanent. Today I want to discuss what we see happening in real estate due to COVID-19 and how those things may affect not only the real estate market but also the stock and bond markets. 

Investments Article

What is Driving the Stock Market?

COVID-19, presidential elections, stimulus, and zero interest rates. What in the world is going on with the markets? Join me along with Bud Kasper, President of our Lee's Summit office, as we discuss what is driving the stock market.

Investments Article

What is ESG Investing?

With the increased demand for so-called “socially responsible” investments, investors have never had such a wide array of choices. If socially responsible investing is important to you, focusing your investments on ESG factors may be of interest. So what is ESG investing?

Investments Article

Is the Stock Market Overvalued?

The question of whether the stock market is overvalued is one that we field on an almost daily basis. The problem is, there are no easy answers. That's because there are so many methods used to measure valuations that, unless you understand them all, it's hard to form an opinion on which one is correct at any given point in time. Add in a personal bias towards a particular method, and you've really complicated the discussion.

Investments Article

Economic Activity and Our Recession Oppression

The National Bureau of Economic Research (NBER) officially announced in June that the U.S. economy is officially in a recession. The NBER committee determined that the peak in monthly economic activity occurred in February 2020. The peak marks the end of an expansion that began in June 2009. The expansion lasted 128 months, now the longest expansion in U.S. business cycles on record dating back to 1854.

Investments Article

Is the National Debt Too High?

I can't count the number of times that, during a discussion about the economy with a client or a friend, the question of our national debt has come up. To a person, they're worried about how far in debt our country is to other countries, and how significant that debt is as a percentage of our Gross Domestic Product (GDP). 

Investments Article

June Stock Market is Showing Big Divergences

Last month, Jason newcomer, CFP®, and Financial Planner, and I discussed how we thought volatility was bound to creep back into the markets. As I write this article, the markets are now over 2000 points below where they peaked earlier in June. Today we'll discuss that big divergence in June stock market performance.

Estate Planning Article

7 Retirement Strategies to Retire Successfully

This list of strategies will hopefully give you a great place to start if you're getting ready to retire or just curious about preparing for retirement. Our goal is to provide you with simple yet effective retirement strategies that do not only focus on investment tactics or savings percentages. Instead, we hope to give you a toolbox of strategies for retirement with which you can combine to build the retirement of your dreams.

Investments Article

PPP Flexibility Act, Forgiveness Rules Change

On June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act, or the PPP Flexibility Act (PPPFA), into law. The rule changes include extensions on deadlines and payroll requirement changes that impact loan forgiveness. These changes to the PPP (Paycheck Protection Program) loosen restrictions on forgiveness for borrowers.

Investments Article

Sequence of Returns: The Serious Consequences in Retirement

I'm guessing that most everyone has seen the movie Good Will Hunting. It starred Matt Damon as Will Hunting and the late great Robin Williams played the role of his psychiatrist Dr. Sean McGuire. You'll recall that Damon's character is a 20-year-old janitor from South Boston who was an unrecognized genius. To avoid jail time for assaulting a policeman, Will is invited into therapy with William's character by professor Gerald Lambou (played by Stellan Skarsgård).

Investments Article

Can We Trust May’s Market Recovery?

There are a lot of questions out there today. Can we trust May's market recovery? Is the worst behind us, or is there a second wave of a market down? Will we see the volatility come back? What about Coronavirus? Where's that headed? What's our economy going to do? Join me along with CERTIFIED FINANCIAL PLANNER® Jason Newcomer for this month's economic update.

Investments Article

CARES Act Retirement Account Distributions

Before the pandemic, people weren't allowed to withdraw money from their IRAs for purposes not related to their retirement. However, the CARES Act includes special provisions permitting coronavirus-related distributions and loans from retirement accounts.

Investments Article

Rebalancing Your Portfolio in a Falling Market

There is an almond-shaped part of our brains called the amygdala. This part of our brain processes environmental stimuli and helps identify things we would perceive as threatening, initiating our “fight-or-flight” response. This response is deeply ingrained in our DNA.

Investments Article

Who Do You LUV? Recovery Shapes

I'll explain my crazy article title, Who Do You LUV? Please note that I have underlined four letters in the title. Each of these letters, W, L, U, and V, suggests different types of economic outcomes that hopefully result in an economic recovery! Remember, an "economic recovery" suggests recovery for both the stock and bond markets as well.

Investments Article

Comparing COVID-19 to Previous Bear Markets

Today, Bud Kasper and I compare COVID-19 and previous bear markets, and what we think is coming down the road. We're starting with a very ugly chart in Figure 1. What we're looking at here is major indices on a year to date basis. You can see that most of the indexes are off of their lows for the year by a pretty substantial margin.

Investments Article

The PPP: The Paycheck Protection Program

The government passed the CARES Act with loans designed to help these small businesses stay financially open and also to continue to pay their employees during the stay-at-home orders. One of these loans is called The Paycheck Protection Program or as it’s commonly referred to as The PPP.

Investments Article

Lessons Learned from Coronavirus

Today we want to spend a little time talking about the potential good things that will come out of the COVID-19 pandemic and the sweeping attempts to deal with it, including the closure of a good portion of our economy for a brief period. Every cloud has a silver lining; we'll explore a few that we see coming out of this one.   

Investments Article

Black Swan Events: The Reality of Unexpected Volatility

The majority of Americans have probably never heard the term "Black Swan events," especially when used in the context of an economic event. So why are we writing an article about this thing called a Black Swan event? It's because Black Swan events create an unpredictable, negative, and many times...

Investments Article

Negative Interest Rates in the United States

Welcome to the Monthly Economic Update, today we're going to discuss negative interest rates in the united states, economic stimulus, and more. It's a doozy—lots of records broken, and things that we've never seen before. Bud Kasper is going to join me today. And while we're doing our social distancing, give you as much information as we can about what we're seeing what we're doing, what we're hearing, and what we think is ahead, enjoy.

Investments Article

Bond Market Rally: Low Treasury Yields & Oil Prices

On March 9, 2020, 11 years to the day from the bottom of the Financial Crisis in 2009, yields on treasury bonds went lower than they’ve ever gone in our nation’s history. By the close of business on the 9th, 10-Year treasuries were yielding 0.56%, and 30-Year treasuries were yielding 0.99%. These are unheard-of levels.

Investments Article

US Household Debt at Record Levels

US Household Debt last peaked in 2008 at $12.68 trillion. This came with housing debt peaking in the 3rd quarter and non-housing debt peaking in the 4th quarter. The US consumer then began a slow deleveraging process that lasted for nearly five years. Total US household debt bottomed out in the 2nd quarter of 2013 at $11.15 trillion. During that time, I and countless others wrote that the deleveraging would eventually help the consumer to rebound...

Investments Article

The SECURE Act’s 10-Year Rule

As you may be aware by now, the SECURE Act completely changed the rules for the beneficiaries of retirement accounts. Possibly the most significant change is the new 10-year payout rule, which essentially eliminated the ability to stretch the IRA over a beneficiary's lifetime. Here are ten things you need to know about the new 10-year rule. Here are the ten most important things you need to know.

Investments Article

Will The Coronavirus Financially Impact Me?

It seems like an annual event occurring every winter season—the latest virus epidemic ends up causing worldwide concern and, in some cases, panic. Some of you may remember the year that SARS was infecting people around the world. There's been Ebola, Bird Flu, and the list goes on and on. The media usually encourages fear by blasting pictures of hospital wards or people walking to work in masks.

Investments Article

Stock Market and Super Bowl Odds Similarities?

What can the Super Bowl oddsmakers in Las Vegas teach us about the stock market? I'm going to show you some strange similarities to what the oddsmakers in Vegas were thinking versus what the stock market was doing in January 2020. Alright, let's have a little bit of fun here for all you Chiefs fans. I'm a Chiefs fan, what a Super Bowl! The first chart I want to show you is from the oddsmakers in Las Vegas talking about the probability of San Francisco winning the Super Bowl.

Estate Planning Article

Is the Stretch IRA Dead?

In December 2019, Congress passed the Setting Every Community Up for Retirement (SECURE) Act. One of the most significant changes is the elimination of the stretch provision for most beneficiaries of inherited retirement plans like IRAs and 401(k)s. What does this change mean for you? What opportunities does it present?

Investments Article

2019 Financial Year in Review

Stick with me as I look at the 2019 financial year in review and what we see coming for 2020. A near-record year for the stock market! Housing starts are way up and consumer confidence way up. There are a lot of great things that happened in the last quarter of 2019. I have to say; we're going to be sad to see it go.

Estate Planning Article

20 Things to Do Before You Retire in the 2020s

Well, here we are approaching the close of another decade. As many often do near the end of a milestone, we’re doing a countdown. However, this countdown isn’t looking back over the past decade, but rather forward toward the decade on the horizon. New decades often mean new goals, and for many, it’s likely the ultimate goal during our working years, retirement. 

Investments Article

Economic News, Where is the Recession?

Hey economic news outlets, where is the recession? Stick with me for the next few minutes as I discuss economic news and the big question; where is the recession Alright, let's start with economic news, and I'm just going to cover a few articles and some headlines that came out since early November. As I write this, it's December 4, 2019, so we're a few days into December.

Investments Article

Presidential Elections and the Stock Market

As the year 2019 comes to a close and 2020, a presidential election year looms large on the horizon. I find myself answering the same question daily. The question is essentially this; "How will the Presidential Election affect the stock market?" And I know, as sure as I'm sitting here writing this article, the majority of you reading this want to know the same thing. 

Investments Article

Stock Market News versus Fundamentals

What do you think drives the stock market? Is it news headlines reporting on a rumor or a tweet causing stock market jumps and dips? Or is the market-driven more by its fundamentals (the underlying data behind the price of stocks)? I don't know that there is one correct answer to this question.

Investments Article

Sprint T-Mobile Merger: What it Means for Kansas City

The FCC approved the Sprint T-Mobile merger in a 3-2 vote on November 5, 2019. It’s a deal that’s been looming large over the KC Metro the past several months, and the impact on Kansas City has yet to thoroughly discussed. Let’s take a look at the merger, how it’s affecting Sprint, its employees, and Kansas City. 

Investments Article

Boeing 737 Max: Why Quality Control Matters

In March of this year, after 2 separate crashes killed a combined 346 people, the Boeing 737 Max was grounded. Details from the 2 incidents showed that they were both caused by the same issue…the MCAS, or maneuvering characteristics augmentation system malfunctioning. The MCAS is designed to keep the aircraft from stalling, by pushing the nose of the plane down.

Investments Article

The Rule of 72

How Long Does it Take for your Money to Double? If I had a penny for every time someone asked me how long it would take their money to double, I’d have…well…a lot of pennies. It’s an age-old question that everyone with money to save or invest wants the answer to. In today’s low-interest rate environment however, there is no easy answer. The rule of 72 can help you understand how long it will take your fixed interest investments to double, but we’ll discuss why the rule of 72 goes out the window when it comes to stock market investing.

Investments Article

Saudi Oil Attacks Impact on the Global Economy

If there is one thing retirees hate (and the markets as well), it's uncertainty! We received a heavy dose of uncertainty on September 14, 2019, at 4:00AM when an onslaught of more than two dozen Iranian made drones and low flying cruise missiles crippled Saudi Arabia's Aramco oil refinery.

Investments Article

Past Recessions & Recent Market Volatility

Today we’re going to go back by reviewing past recessions. We'll also be broadening the scope a little bit and taking long term look at the markets and market volatility over the course of the past year. We're then going to take a look at this yield curve. I have several different interesting charts to show you when it comes to this inverted yield curve.

Investments Article

Ultra-Long Treasury Bonds

Two years ago Treasury Secretary Steve Mnuchin took a look at the possibility of issuing ultra-long Treasury bonds with maturities between 50 and 100 years. The reason was to take advantage of the low-interest-rate environment and lock in extremely low borrowing costs.

Investments Article

Top 5 Things Investors Are Worried About Today

On August 26th of this year, sophisticatedinvestor.com released the results of a survey they conducted with 2,000 US investors. In the survey, respondents were asked which geopolitical or economic event they felt was most concerning where the health and safety of their investments were concerned. They surveyed men and women between the ages of 35 to 65+ from coast to coast. Here are the top 5 things investors are worried about today.

Investments Article

What Happens After a Yield Curve Inversion?

On August 14th, 2019 the Yield Curve between the 2-Year and 10-Year Treasury bond inverted for the first time since May 2007. This caused the stock market to sell-off, with the Dow Jones Industrial Average dropping more than 800 points. What happens after a Yield Curve Inversion? Why were the markets so spooked?

Investments Article

Market Volatility & the Yield Spread

Today we're going to cover the recent market volatility, interest rates, and the historical move in treasuries. Also, the yield spread between the Three-Month and the 10-Year Treasury. We're going to cover what's going on in the stock market, why I think it's happening, and a little bit on precious metals.

Investments Article

Mutual Funds and ETFs, Which is Right for Me?

We get this question a lot from clients – what’s the difference between mutual funds and ETFs (exchange-traded funds)? Both are investment funds that will generally provide you with some level of diversification. There are mutual funds and ETFs that invest in US stocks, non-US stocks, real estate, and gold. There are even funds that allow you to invest in more developing areas like cannabis and blockchain technology.

Investments Article

2020 Contribution Limits for Retirement Plans

We’re halfway through the year. Are you on track to maximize your retirement savings? Here are the 2020 contribution limits for retirement plans. Last year, the IRS increased the 2020 contribution limits for retirement accounts.

Investments Article

Economic Indicators and the Market

This month I'm going to bring you up to date for the quarter. I'll discuss economic indicators like interest rates so far this quarter, year-to-date, and over the last 12 months. We'll also take a look at the markets over the second quarter and cover a little about precious metals, consumer...

Investments Article

How Likely is the Fed to Cut Interest Rates?

The question of the day is, how likely is the Fed to cut interest rates in the near term? Their rhetoric has certainly picked up. Last year’s rate hike in December—seen by many as a “mistake” was a continuation of the normalization of monetary policy that began in 2016. This is in contrast to the Fed’s sharp about-face not two months later, where rate hikes were effectively put on pause.

Investments Article

Financial Planning Lessons from Chernobyl

HBO’s Chernobyl is a five-part mini-series that dramatizes the story about the nuclear disaster that took place in 1986 in northern Ukraine. It just wrapped up a few weeks ago. It was one of the best shows I’ve ever seen on TV. My wife, Lauren, and I were hooked from the start. Spoiler Alert! for those interested in seeing the show but haven't or are unaware of the events of Chernobyl.

Investments Article

10-Year Treasury and Market Volatility

One thing is for certain; May was an exciting month overall - we have some updates on the 10-year Treasury, tons of news, lots of talk about the trade war with China, lots of talk about this new trade tariff deal that Trump is threatening on Mexico, and the markets are in a turmoil for May.

Investments Article

US Stocks: Investing for Retirement

Today we’ll be looking at what is arguably the most discussed part of your investment portfolio, US stocks. If you missed the last two installments of our Investing for Retirement series be sure to check them out. They were on bonds and international stocks. Turn on CNBC (no financial planner has never said this phrase before, probably), and you’ll be updated every minute of the day as to how this asset class is performing in bright, bold numbers. If you get online, watch TV, or listen to the radio throughout the day...

Investments Article

Tariffs, Trade, and the Economy

Turn on any news outlet, or pick up any news publication today and you’re likely to see or read about the tariffs that the U.S. has recently imposed on goods imported from China. Most people covering this developing story refer to what’s going on as a trade war. And most oversimplify the situation

Investments Article

Bear Markets and Your Retirement

Let's imagine that you are 60 years old, and you've saved well. You've got a good amount of money in your 401(k). You know that you're going to have your Social Security and your spouse is going to have their Social Security. You save some money outside the 401(k). You've enjoyed a good, nice run in the markets, and it's October of 2007. The bear markets of the Great Recession is around the corner.

Investments Article

Qualified Charitable Distributions and Your Taxes

Let's talk about QCDs, qualified charitable distributions. Now, QCDs are something that's been around for a number of years - yet hasn't been talked about. However, thanks to the Tax Cuts and Jobs Act, it's really become something that is a windfall to a lot of people if they understand how to utilize the QCD.

Investments Article

Negative Interest Rates Around the Globe

We’re all used to the concept of earning interest on our money at the bank. We deposit money into a savings account, the bank pays us a nominal interest rate, and meanwhile, our principle (what we deposited) is safe. Oddly enough, however, negative interest rates exist and are in effect in the world today.

Investments Article

Interest Rates and the Yield Curve

Hi, I'm Dean Barber,  Founder, and CEO of Modern Wealth Management. It's May 1st. Welcome to the economic update. Today we're reviewing a little bit about what the markets have done so far this year, where they're at today, and what's changed since the 4th quarter of 2018. We're going to discuss interest rates and the yield curve to give you an idea we are today. We'll talk about what we're thinking about the markets and what we're thinking about the economy. As well as what some of the indicators out there are telling us today.

Investments Article

Recessions and Bear Markets

According to JP Morgan, there have been 11 recessions in the US since the end of WWII. Recessions are defined as two consecutive quarters (6 months) of negative growth in gross domestic product or GDP. GDP is a measurement of our overall economic and business activity.

Investments Article

DIY Your Retirement, Can it Really Be Done?

There are thousands of online resources and books that claim to teach you how to DIY (do-it-yourself) your retirement. But is it really possible and does it work?

Investments Article

End of the Great Recession Was 10 Years Ago

I want to start by saying, happy anniversary to the 10th anniversary of the official end to the Great Recession. Of course, we only know now because it's all in the rearview mirror that the stock market hit its all-time low March 9, 2009, after falling 56% from its peak in October of 2007.

Investments Article

How Do My Investments Affect My Taxes?

The relationship between investments and taxes is perhaps one of the most overlooked areas of retirement planning. Decisions that are made on the investment side of your retirement plan will most likely have some type of impact on your tax return. Typically an investor will have three different tax buckets that they can...

Investments Article

You Can Save More Money in Your IRA in 2019

Saving for retirement? Then we’ve got some good news. The IRA contribution limit will increase to $6,000 in 2019, up from $5,500 in 2018. Even better news for some, if you’re over 50 in 2019 you’ll be able to contribute $7,000, as compared to $6,500 in 2018.

Investments Article

Is a Roth Conversion Right for Me?

There is story after story about people who come into a bunch of money. Where problems can arise is when they don’t know what to do with it, they don’t understand the concept of money, and they don’t know how much they can safely spend.

Investments Article

Women Navigating to Financial Success

What do women want when it comes to their financial future?

Investments Article

Interest Rates and the Stock Market

We’ll go over what’s gone on in the last four or five weeks and what we anticipate is coming for the balance of the year.

Estate Planning Article

Navigating Toward Your Financial Independence Day

In July 1776 our founding fathers declared independence from the British Empire, and earlier this week we celebrated that great feat with our family and friends over backyard barbecue and colorful explosions in the sky.

Investments Article

Spotting Email Phishing Scams

For some, spotting email phishing scams is a part of daily life. You check your email, see something that’s off in an email, and delete it shrugging it off as another attempt to get your personal data.

Investments Article

Taking Advantage of Stretch IRAs

If you weren’t already aware, a huge benefit of an IRA is its capability to generate tax-favored money to beneficiaries.

Investments Article

Q1 2018 Review and Q2 Outlook

Volatility, which was notable by its absence in 2017, came back with a vengeance in Q1 of 2018.

Investments Article

Talking to Your Spouse About Money

Have you ever had trouble talking to your spouse about money, or more specifically, the purpose of your money in life?

Investments Article

Determining Tax on Roth IRA Distributions in 5 Easy Steps

What are the ordering rules? Roth IRA distributions can consist of contributions, converted funds and earnings – or any combination of the three.

Investments Article

No More Roth IRA Do-Overs Under the New Tax Bill

Now that the Senate and the House of Representatives have both passed versions of the new tax reform law, one of the things that got the ax was Roth IRA recharacterizations after December 31, 2017.

Investments Article

End the Year on a Financial High Note

The holiday season is around the corner, and with the busy days ahead, 2018 will be here before you know it.

Investments Article

Fixing a Missed RMD in 5 Easy Steps

What is a missed RMD (required minimum distribution)? RMDs must be taken by IRA owners beginning in the year they turn age 70 ½ and by IRA...

Investments Article

Tax Reform Proposal Finally Unveiled

Note: After weeks of discussion, disagreements, and postponements, the House announced their plan for tax reform yesterday, November 2, 2017.

Investments Article

Important Read: Is the World Getting Worse?

It’s our pleasure to bring you an article from a man we had the pleasure to meet and hear speak at a TD Ameritrade conference a few years ago, Mr. Peter Diamandis.

Estate Planning Article

Tips for Families Who Have Children with Special Needs

When beginning to build their families, few parents expect to have a child with special needs. However, the experience is surprisingly common and affects millions of people throughout the United States.

Estate Planning Article

4 Pillars of Retirement Translated

From time to time, a new prospect that I’m meeting with asks me what the 4 pillars of retirement are and how they relate to retirement planning.

Investments Article

The High Cost of Divorcing Later in Life

Divorce is rarely easy. Most of the time, it is one of the hardest things to go through in life regardless what age you and your spouse are.

Investments Article

Protecting Yourself from Scams After the Equifax Hack

By now you have probably heard about the Equifax data breach and if the fact that millions of people’s personal information was linked to heaven knows who isn’t bad enough, here is even more concerning news.

Insurance Article

Equifax Breach Isn’t Just About the Risk to Your Credit Cards

Identity theft has been a problem for years. Practically everyone knows of someone who has had their debit or credit card number compromised at some point.

Investments Article

Important Information Regarding the Newly Enacted DOL Rule

Regardless if you are a financial news junkie or simply a 10 o’clock evening news viewer, chances are you’ve heard about the new DOL rule that went into effect June 9th, 2017.

Investments Article

Simple Tips for Ramping Up Your Retirement Savings

No matter where you are in your life, saving for retirement is likely one of your most important financial goals. But, even if you have professional guidance and a clear strategy for your desired future, you could still be missing some straightforward ways to maximize your savings.

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Video

Q1 2023 Quarterly Market Update

We’re constantly thinking about how to keep people updated about things that can impact their retirement. It’s important to us that you’re making informed financial decisions so that you can live your one best financial life. So, we’ve decided that we’re going to start sharing quarterly market updates from Dean Barber and Bud Kasper. Let’s get right into it with our Q1 2023 quarterly market update.

Video

Inflation Expectations for 2023

What is going on with the economy? From inflation expectations for 2023, how high interest rates could go, and the uncertainty within the stock and bond markets, there are so many pertinent questions right now and not many clear answers. David Mitchell of AllianceBernstein joins Dean Barber on the Modern Wealth Management Educational Series to review some of those questions and what they could mean for you.

Video

Retiring During a Recession

Uncertainty has been the theme of 2022. We’ve experienced some jaw-dropping market volatility and inflation, and after back-to-back quarters of negative GDP growth, we’re technically in a recession. All this uncertainty has only enhanced our firm’s commitment to help people continuing living their one best financial life. In this Modern Wealth Management Educational Series event, Drew Jones joins Dean Barber to discuss what it’s like to retire during a recession.

Video

How Bonds Fit into a Financial Plan

One of the most common questions that our advisors here from clients and prospective clients is, “Why should I own bonds?” Considering how rising interest rates and inflation have been wreaking havoc on bonds, it’s a fair question to ask. Still, no matter the economic condition or how interest rates are doing, bonds can still make sense in your portfolio. Dean Barber and Chris Rett explain why in this Modern Wealth Management Educational Series event.

Video

Financial Literacy: How Do You Stack Up?

In honor of Financial Literacy Month, Dean Barber quizzes Logan DeGraeve on a recent financial literacy study from the TIAA Institute. Take the quiz yourself to see how you and Logan fared! If you didn't ace the quiz, that's OK. Our team of financial advisors is here to help.

Video

IRA Planning for 2022

After reviewing 401(k) planning for 2022 in January, we’re slightly shifting gears here for this Modern Wealth Management Educational Series event to discuss IRA planning for 2022. While a 401(k) is often people’s largest asset, IRAs are oftentimes their second largest asset. Chris Rett recently joined Dean Barber to break down IRA planning for people at various stages of their lives.

Video

10 Financial Spring Cleaning Tips

While it's February and has been cold, it’s time to talk about spring cleaning your finances. As you begin to gather all the necessary information to file your tax return, Dean Barber and Drew Jones are excited to give a few extra tips about things to look for to keep your finances in order.

Video

401(k) Planning for 2022

If your 401(k) isn’t already your largest asset, there’s a good chance that it could be very soon. It’s time to do some 401(k) planning for 2022, and Drew Jones and Dean Barber are here to help. They cover everything from a new employee choosing between a Roth and traditional 401(k) to decisions to make for people who are in their mid-working years, those approaching retirement, and retirees.

Video

Is Bitcoin Digital Gold?

With the popularity of cryptocurrency on the rise, Dean Barber sits down with Wayne Robinson to answer a question that has been on many peoples’ minds. Is Bitcoin digital gold?

Video

Financial Horror Stories

As the spookiness builds with Halloween on the horizon, Wayne Robinson & Dean Barber give their thoughts on some financial horror stories.

Video

Savvy IRA Planning for Boomers

Financial Advisor Drew Jones presents an updated version of our Savvy IRA Planning for Boomers webinar. IRA Planning is a complex process. Factor in recent changes from the SECURE Act, and it gets even further complicated. We're here to clear up the noise as Drew presents Savvy IRA Planning for Boomers.

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PDF Document

Understanding Required Minimum Distributions (RMDs)

When you reach age 73 you must begin to draw funds from your traditional (i.e., non-Roth) Individual Retirement Accounts (IRAs).

PDF Document

401(k) Survival Guide

Not sure what to do with your 401(k) when you retire or are nearing retirement? Once you retire, a plan for withdrawing those funds that provides a constant source of income that isn’t eaten up by taxes and other costly traps must be constructed

Retirement

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Retirement Article

What to Know About CDs, Bonds, and Treasuries

Dean Barber and Bud Kasper share some insight about CDs, bonds, and treasuries on America's Wealth Management Show.

Retirement Article

How Much Do People Actually Spend in Retirement?

Dean Barber and Bud Kasper review data from an Employee Benefit Research Institute survey to answer the question, "How Much Do People Spend in Retirement?"

Retirement Article

Why the 5 Years Before Retirement Are So Important

Dean Barber and Bud Kasper make their own lists of reasons why the five years before retirement are so important before reviewing a portion of our Retirement Plan Checklist to help back up their reasoning.

Retirement Article

The World’s Reserve Currency: What Challenges Does the U.S. Dollar Face?

Shane Barber assesses the U.S. dollar's grasp on being the world's reserve currency and its top challengers. Is its position in danger?

Retirement Article

5 Reasons to Retire

Dean Barber and Bud Kasper outline some key aspects of the financial planning process as they review five reasons to retire.

Retirement Article

Retiring with Debt: What’s OK?

Debt can be a complicated topic—both financially and emotionally. Should you pay it all off prior to retirement or is there some debt that’s OK to take into retirement? Is there debt that you shouldn’t even think about retiring with? Dean Barber and Bud Kasper examine retiring with debt on America’s Wealth Management Show.

Retirement Article

The Roth IRA Five-Year Rule

In true IRS fashion, there are five-year rules for Roth contributions AND Roth conversions. Let's review both Roth IRA five-year rules.

Retirement Article

Mother’s Day Reflections

A few of the mothers on our Modern Wealth Management team share their Mother's Day reflections ahead of Mother's Day. Happy Mother's Day to all the mothers, grandmothers, and motherly figures out there!

Investments Article

What Is Wealth? 4 Types of Wealth

Dean Barber and Bud Kasper are going to define the four types of wealth to thoroughly answer the question, “What is wealth?” on America’s Wealth Management Show.

Retirement Article

Is a Recession Coming in 2023?

Is a recession coming in 2023? Dean Barber breaks down some key data to help people make an educated guess when answering that question.

Retirement Article

Time Is Your Scarcest Resource in Retirement

Dean Barber and Bud Kasper share some old and recent stories to help explain why time is your scarcest resource in retirement on America's Wealth Management Show.

Retirement Article

Roth Conversion Rules

There's much more than meets the eye when deciding to contribute to Roth or traditional. Dean Barber and Bud Kasper review the Roth conversion rules on America's Wealth Management Show.

Retirement Article

Meet Modern Wealth Management

Meet Modern Wealth Management President and Co-Founder Jason Gordo as he shares his vision for Modern Wealth Management with Dean Barber and Bud Kasper on America's Wealth Management Show.

Retirement Article

Barber Financial Group & Osiwala Financial Group Are Now Modern Wealth Management

That’s right, we’re now Modern Wealth Management. Welcome to the next chapter of our story! 

So, what is Modern Wealth Management? At Modern Wealth Management, our goal is to deliver financial advice. We are designed to anticipate the needs of Americans at every stage of life by providing a full suite of wealth management services. The Modern Wealth Management team is built with experts specializing in financial planning, investment management, tax planning and preparation, estate planning, risk management, and more. 

Retirement Article

2023 Taxes: Time to Start Planning

Another tax filing season is in the books, which is probably a big relief for some of you and our CPAs. But that doesn’t mean it’s time to take an out-of-sight, out-of-mind approach with your tax documents and 2023 taxes. Why? Because 2023 tax planning season is underway. Dean Barber and Bud Kasper will share why now is the optimal time to take advantage of tax planning opportunities so that tax filling won’t be so stressful in the future.

Retirement Article

Is Inflation Slowing?

"Is inflation slowing" is a question that a lot of people have been curious about, but there are a couple other things about inflation that we want to address first. One, what do we mean by inflation slowing. That means that the rate of increase for inflation has started slowing, not that prices are going to immediately start coming down. Two, do you have a financial plan that properly applies inflation to your spending? Dean Barber and Bud Kasper will take a deeper dive into all those questions on America's Wealth Management Show

Retirement Article

How the Phillips Curve Became Flat

Shane Barber looks at the evolution of the Phillips Curve and how it became flat. How can we accurately assess inflationary pressures?

Retirement Article

Retirement Age: It’s Just a Number

Did the headline of this article catch your eye? Don’t get us wrong. We take retirement planning very seriously. The point of this headline and article is to explain that you don’t need wait until a certain age to retire. Many people think that they need to wait to retire until 65 when they become eligible for Medicare or when they reach full retirement age for Social Security.

With the proper planning, you may be able to retire earlier than you might think. But you won’t know that without having a financial plan. Dean Barber and Logan DeGraeve will expand on that to highlight why retirement age is just a number on America’s Wealth Management Show.

Retirement Article

Retirement Withdrawal Strategy: You Need a Plan

There are many factors when considering when and from which accounts to make withdrawals from in retirement, such as sequence of return risk, Required Minimum Distributions, and tax implications. Navigating the dynamics of retirement planning is what Dean Barber, Logan DeGraeve, and the rest of our team do every day. Dean and Logan will elaborate on that and explain why having a retirement withdrawal strategy when you’re in or approaching retirement is critical on America’s Wealth Management Show.

Retirement Article

Things Retirees Should Stop Doing

We try to share as much education with you as possible on things you should do to prepare for and do in retirement so that you can live your one best financial life. But there are things that you need to avoid doing in retirement as well. Dean Barber and Bud Kasper review a few things that retirees should stop doing on the latest episode of America’s Wealth Management Show.

Investments Article

The Effect of Rising Interest Rates on the Economy

In case you missed it, Federal Reserve Chairman Jerome Powell announced another 0.25% Fed funds rate hike on March 22. The Fed funds rate is now in the 4.75-5% range. So, where will interest rates go from here and what does that mean for you and your retirement plans? Dean Barber and Bud Kasper will discuss the effect of rising interest rates on the economy and much more on America’s Wealth Management Show.

Retirement Article

RMD Age for 2023: What’s Your Required Beginning Date?

There are new rules about Required Minimum Distributions and the RMD age after the SECURE Act 2.0 went into effect on January 1, 2023. RMDs can be very tricky, but it’s critical to understand how to plan for them. What are your RMDs going to look like in retirement? Will they influence your taxes or your probability of success? Dean Barber and Logan DeGraeve discuss how to go about doing that and more on America’s Wealth Management Show.

Investments Article

Lost Decade of the 1970s and Why It Still Matters

Shane Barber looks back at the lost decade of the 1970s to see if we can glean some clues for what the 2020s could hold in store for us, and how we can navigate through what may indeed be difficult years ahead.

Investments Article

401k in Retirement: Managing Your Biggest Asset

According to Fidelity, retirees lost an average of 23% in their 401(k) savings in 2022. What should you do with your 401(k) in retirement? Bud Kasper and Logan DeGraeve discuss how to manage assets like your 401(k), both in retirement and as you're preparing for retirement.

Retirement Article

What’s Going on with Bank Failures?

Shane Barber shares the latest on bank failures in the U.S. and why it's time to do some research rather than panic.

Retirement Article

What Is Tax Planning?

Tax Day is near, but tax compliance isn't our focus when it comes to taxes. It's tax planning. What is tax planning, you ask? Let us explain.

Retirement Article

Want to Retire in 10 Years? Here’s What You Need to Know

Do you want to retire in the next 10 years? Bud Kasper and Logan DeGraeve explain why you need a financial plan to see if you can do so successfully.

Retirement Article

7 Reasons Why Retirement Planning Is Important

There's no doubt that saving for retirement is crucial. But there's a lot more to it. Let's review why retirement planning is important.

Retirement Article

Preparing for Retirement: How to Win the Big Game

Are you ready for the big game? Of course, the Kansas City Chiefs are gearing up to play the Philadelphia Eagles in Super Bowl LVII on Sunday in Phoenix, Ariz. The anticipation has definitely been building among Chiefs fans in the Kansas City area. But that’s not the only big game that is on our minds at Modern Wealth Management. We always thinking about preparing for your retirement because retirement is arguably the biggest game of your life.

Investments Article

Interest Rate Increases Continue in 2023

While all major indices were up in January, the U.S. treasuries yield curve is inverted more than it was at any point of 2022 and Federal Reserve Chairman Jerome Powell is continuing interest rate increases in 2023. We'll cover all that and more in our January Monthly Economic Update.

Retirement Article

Are Retirement Benefits Taxable?

Are retirement benefits taxable? The quick answer is, probably, but not always. It depends on your unique situation. While you can control your taxes in retirement better than at any other point of your life, that doesn’t mean that it’s not complex. Because it is very complex. We’re going to look at several retirement benefits and assess if and how they’re taxable.

Retirement Article

What Is Financial Planning?

What is financial planning? We’ll look at the Certified Financial Planner Board of Standards’ definition of financial planning and the four main components of financial planning—risk management, taxes, estate planning, and investment management—to help answer that question.

Retirement Article

Starting the Retirement Planning Process

The hardest part of any long process tends to be getting started. Retirement planning is no exception. Let's look at how to start the retirement planning process.

Investments Article

Retirement Income During a Recession

Recession signals remain strong as we begin 2023. We discuss how to go about saving and protecting your retirement income during a recession.

Retirement Article

What Is Financial Wellness?

Did you know that January is Financial Wellness Month? Financial wellness can't be achieved overnight, but with some sound planning, you can achieve it. Here are some financial wellness tips to get you on your way.

Insurance Article

5 Financial Updates for 2023

We're excited to put 2022 in the rearview mirror. As we round out the first week of 2023, here are five financial updates to keep tabs on.

Retirement Article

New Retirement Rules Passed by Congress

The SECURE Act 2.0 was signed into law last week. Learn about the new retirement rules passed by Congress and how they could impact you.

Retirement Article

4 Things We Learned in 2022

Happy New Year, everybody! We’re going to take a step back and reflect a little bit because we need to learn from history. In this case, we’re calling 2022 history! 2022, was a year with insane inflation, bumbling bonds, a fumbling fed, and some simmering signals. So, sayonara 2022, get in the rearview mirror! While we learned a lot more than just these four items in 2022, we wanted to focus in on these specifically, as they were the biggest impacts in 2022. Here are four of the things we learned in 2022.

Retirement Article

2023 Retirement Planning Calendar

The Retirement Planning Calendar is here to help you through 2023 as you venture to and through retirement. This calendar will be updated regularly to include new dates, links, and more.

Investments Article

Recession Fears Remain High for the Holidays

There’s plenty of holiday cheer to go around, but recession fears also remain high as we head into 2023. Let's look at where things stand following a 0.5% increase of the Fed funds rate in December.

Retirement Article

Financial Year in Review for 2022

We looked back at our some of our articles, podcasts, webinars, and radio shows from the past year to do a financial year in review for 2022.

Retirement Article

2023 Retirement Plan Contribution Limits

Sometimes, the best Christmas gifts can come from someone that you least expect. We’re already seeing that that could be the case this year following an exciting announcement from the IRS. No, that’s not a typo. The IRS announced that retirement plan contribution limits will be increasing for 2023.

Investments Article

Economic Outlook for 2023: What Do We Need to Prepare for?

In our last Modern Wealth Management Educational Series event of 2022, Dean Barber and Bud Kasper look back on the past year and provide an economic outlook for 2023. While they don’t have a crystal ball to predict exactly what the economic outlook will be for 2023, they want you to be prepared for some of the things that could happen.

Retirement Article

8 Tips on Saving for Retirement

Saving for retirement can feel like a daunting task. It doesn’t need to be, though. Bud Kasper and Logan DeGraeve offer eight tips on saving for retirement that can begin giving you clarity and confidence on your path to and through retirement.

Retirement Article

5 Retirement Mistakes to Avoid

Dean Barber and Bud Kasper discuss five of the biggest retirement mistakes to avoid on America’s Wealth Management Show.

Retirement Article

Ed Slott Elite IRA Advisor Group℠ Gathers in Las Vegas for Fall Conference

Dean Barber, Will Doty, Logan DeGraeve, & Drew Jones share their main takeaways from the Ed Slott Elite IRA Advisor Group℠ conference in Las Vegas.

Retirement Article

4 Ways Retirees Can Give Back

Happy Thanksgiving, everyone! Dean Barber and Bud Kasper have so many things that they’re thankful for. As they celebrate Thanksgiving, they want to talk about the giving part of Thanksgiving. Dean and Bud will highlight four ways that retirees can give back on this holiday edition of America's Wealth Management Show.

Retirement Article

Housing Market Predictions Heading into 2023

Shane Barber breaks down the latest developments in the housing market and makes some housing market predictions heading into 2023.

Estate Planning Article

Inherited IRA Rules and the SECURE Act

The rules of inherited IRAs are extremely difficult to understand due to the SECURE Act, yet they must be understood. Dean Barber and Bud Kasper review the inherited IRA rules and explain how they can affect different beneficiaries.

Investments Article

8 Retirement Challenges That You Didn’t Have While Working

Planning for a fulfilling retirement isn’t something that can be done in a blink of an eye. It takes time and a lot of preparation to overcome a lot of retirement challenges that many people don’t even think about. Bud Kasper and Logan DeGraeve review those retirement challenges and encourage you to start building your financial plan sooner rather than later.

Estate Planning Article

RMD Penalty Waived for 2021 and 2022 Missed RMDs within 10-Year Rule

The IRS has issued a notice that waives the 50% penalty on missed RMDs from 2021 and 2022 on IRAs that fall within the 10-year payout rule.

Investments Article

Reading Your Balance Sheet and Income Statement

Will Doty reviews how to read your balance sheet and income statement, and how it all comes back to your comprehensive financial plan.

Estate Planning Article

Understanding Your Tax Allocation

Logan DeGraeve breaks down the three tax allocation buckets and how proper tax diversification can make a big difference in your retirement.

Estate Planning Article

5 Wealth Protection Tactics

If we’ve learned anything about what the market has done in 2022, it’s that being patient is pivotal. Rather than giving into fear and greed, Dean Barber and Bud Kasper share five wealth protection tactics to help give your clarity when financial planning.

Retirement Article

Retirement Analysis: Current vs. Proposed Plan

Drew Jones shares his perspective on retirement analysis while going through a sample couple's plan with our financial planning tool.

Retirement Article

5 Fun Fall Activities in Kansas City for You and Your Grandchildren

Fall is in full swing in the Kansas City area. Check out these five fun fall activities that you can enjoy with your grandchildren.

Estate Planning Article

October Is National Financial Planning Month

Did you know that October is National Financial Planning Month? It honestly came close to slipping our minds because we believe every month should be National Financial Planning Month. Dean Barber, Bud Kasper, and Matt Kasper celebrated National Financial Planning Month by discussing the importance of having a comprehensive financial plan on America's Wealth Management Show.

Investments Article

Examples of Market Risk Abound in September

There is so much economic uncertainty, from interest rates to inflation to what's going on geopolitically. All of those are significant examples of market risk. Dean Barber talks about those examples of market risk and much more in September’s Monthly Economic Update.

Estate Planning Article

7 Reasons Why Tax Planning Is So Important

When it comes to advanced tax planning, unfortunately many people either just don’t do it or they wait until the last minute only to find out that there aren’t any options to take advantage of at the point of filing their tax return.

Retirement Article

Yet Another Interest Rate Hike — What Does It Mean for You?

FOMC Chairman Jerome Powell announced a third straight interest rate hike of 75 basis points Wednesday in effort to slow rampant inflation. As we look ahead to see where interest rates could go from here, our very own Bud Kasper was interviewed by KMBC 9 News to discuss what it all means.

Retirement Article

The Inflation Reduction Act Has No Impact on Inflation

What if we told you that the Inflation Reduction Act has no impact on inflation? Shane Barber details why that could likely be the case.

Retirement Article

What Is a Monte Carlo Simulation?

What are Monte Carlo simulations and how do they relate to your retirement? We answered those questions and more in our latest blog post.

Investments Article

8 Ways to Combat Financial Uncertainty

All the financial uncertainty that we’re dealing with seems to be coming at us from every angle. While this financial uncertainty is uncomfortable, it’s not uncommon. From the Dot-Com Bubble to the Financial Crisis, we’ve been through cycles similar to this. Dean Barber and Bud Kasper look back at some of those cycles and review eight ways to combat financial uncertainty.

Investments Article

Market Conditions Falter to Round Out August

Market conditions tumbled at the end of August after a summer rally. Dean Barber takes an in-depth look in August's Monthly Economic Update.

Retirement Article

9 Items Retirement Calculators Miss (That Our Tool Doesn’t)

Our financial planning tool goes beyond the scope of retirement calculators in many ways. Here are nine items that retirement calculators miss.

Retirement Article

5 Types of Financial Plans

Going to the doctor for a checkup usually isn’t the most fun thing to do, but it’s necessary so that you’re up-to-date on your health situation. The same can be said about meeting with a financial planner to find out where you’re at with planning for retirement. Bud Kasper and Logan DeGraeve discuss the five types of financial plans and how a comprehensive approach to financial planning is critical to getting to and through retirement.

Retirement Article

The Housing Recession Is Here According to Homebuilders

On August 15, the National Association of Homebuilders (NAHB)/Wells Fargo Housing Index announced builder confidence in the market of new single-family home builds fell to 49 in August. The last time the confidence score fell below 50 was in May 2020. Anything below that threshold of 50 is considered negative.

“Tighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing recession,” NAHB Chief Economist Robert Dietz said.

Retirement Article

Tax Rates Sunset in 2026 and Why That Matters

The current tax rates of the Tax Cuts and Jobs Act will be sunsetting in 2026, meaning tax rates will be going back up to the rates from 2017. Here are a few things to keep in mind for how to put yourself in the best possible tax situation now, 2026, and beyond.

Retirement Article

The Great Recession’s History Remains Relevant

After reviewing how the Dot-Com Bubble's history remains relevant earlier this year, Shane Barber looks at how the Great Recession's history also remains relevant.

Retirement Article

Special Guest: Steven Jarvis, CPA

Modern Wealth Management is excited about our new strategic partnership with Retirement Tax Services. RTS’s Steven Jarvis, CPA joins Dean Barber and Bud Kasper on America's Wealth Management Show to discuss that partnership and the importance of CPAs and financial advisors collaborating in the best interests of the client.

Retirement Article

How Much Do I Need to Retire?

Have you been asking yourself, "How much do I need to retire?" a lot lately? A financial plan is critical to getting an honest answer to that.

Investments Article

5 Factors More Important Than Rate of Return

When it comes to building your retirement plan, a lot of people think your rate of return is the No. 1 thing to keep in mind. While it is important, your investments aren’t the main factor when it comes to your plan. Dean Barber and Bud Kasper will review five factors that are more important than your rate of return on this episode of America's Wealth Management Show.

Investments Article

The Definition of a Recession

We now have a negative GDP for two consecutive quarters, which is the definition of a recession. Dean Barber reviews that and more in July's Monthly Economic Update.

Investments Article

6 Reasons Roth Conversions Could Work for You

If you read our blog post from earlier this month titled, 8 Ways to Prepare for a Recession, you might remember that Roth conversions were No. 1 on the list. While Roth conversions aren’t for everyone, there are quite a few reasons why they could be right for you.

Investments Article

4 Retirement Risks That Are Out of Your Control

A huge factor of financial planning is controlling what you can control. It’s pivotal to understand that as you’re determining if you have enough money to get to and through retirement. The fear of outliving your money is a retirement risk that’s big concern for a lot of people. However, with a financial plan, it’s a controllable retirement risk. In this episode of America's Wealth Management Show, Dean Barber and Bud Kasper discuss four retirement risks that you can plan for but are out of your control.

Retirement Article

Your Retirement Timeline

Along with 30 checklist items to gauge your retirement readiness, our Retirement Plan Checklist include an age-based timeline to help you be aware of certain things while planning for retirement. Dean Barber and Logan DeGraeve cover some of the key aspects of that retirement timeline on this week's edition of America's Wealth Management Show.

Retirement Article

8 Ways to Prepare for a Recession

It’s been nearly a month since we officially entered a bear market. If you’ve been keeping an eye on the markets in recent months, that wasn’t much of a surprise. Now, the question is if (or more realistically when) we’ll go into a recession. While we can’t give a straight answer to that, we’ve compiled a list of eight things to do when markets decline that can hopefully be helpful to you during these uncertain economic times.

Investments Article

Are We in a Recession?

Are we in a recession? Dean Barber raises that question and reviews the latest on interest rates and bonds in June's Monthly Economic Update.

Retirement Article

Achieving Financial Freedom

Happy Fourth of July to all the pre-retirees and retirees out there! Along with celebrating America’s independence this weekend, Dean Barber and Bud Kasper hope you take a moment to assess where you stand in the journey to achieving financial freedom. Dean and Bud discuss what financial freedom is and how you know you’ve achieved it in this Fourth of July weekend edition of America's Wealth Management Show.

Investments Article

Bear Markets and Mean Reversions

Shane Barber explores several methods of measuring how overvalued the markets became, how overvalued they remain, and how far they might fall if we are actually in the middle of a mean reversion event.

Retirement Article

Rising Interest Rates and Your Retirement

The Fed raised interest rates by the most in nearly three decades, a 0.75% rate hike, and is set to do it again in July. Dean Barber and Bud Kasper examine how rising interest rates can impact your retirement.

Retirement Article

Mortgage Applications Hit 22-Year Low

Shane Barber reflects on mortgage applications hitting a 22-year low and where the housing market could go from here.

Investments Article

Finding Financial Clarity in Uncertain Times

With all the issues we’re facing domestically and globally that are impacting the economy, it’s pivotal to find financial clarity during these uncertain times. Bud Kasper and Logan DeGraeve talk about the importance of having a financial plan to navigate that uncertainty and help people reach their goals in retirement.

Retirement Article

How Our Financial Planning Tool Works

So, you’re curious how our financial planning tool works? That’s great! Below, we’ll go through the steps of creating your account and inputting the necessary information to get you started. The tool then analyzes your plan and shows your plan’s probability of success.

Retirement Article

5 Volunteer Opportunities in Kansas City

Are you looking for ways to stay active this summer in Kansas City and also beat the heat? Here are five volunteer opportunities in the KC area.

Retirement Article

Kansas City Hosts Ed Slott’s Elite IRA Advisory Group℠ Workshop

Being charter members of Ed Slott’s Elite IRA Advisory Group℠ has helped connect Dean Barber and Bud Kasper with other advisors all over the country. In the coming weeks, you will hear much more from Dean and Bud on their main takeaways from Ed Slott’s Elite IRA Advisory Group℠ latest workshop, which was hosted in Kansas City. For this article, we caught up with a few other members of Ed Slott’s Elite IRA Advisory Group℠ to share what they've learned over the years about wide range of topics related to IRAs.

Retirement Article

Celebrating Father’s Day and Fluid Financial Plans

As we look forward to celebrating Father's Day, our content manager, Chris Duderstadt, remembers his late father and shares the importance of incorporating family time into your fluid financial plan.

Investments Article

Bear Market Rallies

Dean Barber assesses the possibility of upcoming bear market rallies and reviews the bear market rallies of the Dot-Com Bubble and Great Recession.

Investments Article

A Recent History of Bear Markets

Clarity, confidence, and control within your financial plan is of the utmost importance right now amid these turbulent times in the markets so you can accomplishment your goals in retirement. Dean Barber and Bud Kasper review a recent history of bear markets and how you can stress test your financial plan through periods like the Dot-Com Bubble and Great Recession.

Investments Article

Keeping an Eye on I-Bonds

Inflation is an i-word that anyone and everyone is tired of hearing. Then, there’s interest rates that are rising that are also making people feel uncomfortable. But there is another i-word that Modern Wealth Management clients have been coming to us with questions about that we want to address. We’re talking about I-Bonds. 

Retirement Article

The Impact of SECURE Act 2.0

Dean Barber and Bud Kasper joined hundreds of other financial advisors and CPAs at Kansas City's Crown Center two weeks ago for Ed Slott's Elite IRA Advisor GroupSM workshop, where they spent a lot of time reviewing the impact of SECURE Act 2.0. Dean and Bud share some of the biggest takeaways of the SECURE Act's proposed regulations and how they could impact you.

Investments Article

How Are Bond Mutual Funds Impacted by Interest Rates and Bond Prices?

The relationship between bond prices and interest rates has been a hot topic of discussion, but how does it apply to bond mutual funds? We examine that and how duration is such a big factor in answering that question.

Investments Article

Inflation Rates and the Fed

Following a 50 basis point hike of the Fed funds rate last week, Dean Barber and Bud Kasper discuss the Federal Reserve's challenge of combating high inflation rates and the necessary factors to achieve a soft landing.

Investments Article

A Historic Half-Point Hike of the Fed Funds Rate

FOMC Chairman Jerome Powell announced on a 50 basis point increase of the Fed funds rate on Wednesday in hopes of slowing down rampant inflation. The half-point hike was the biggest hike from the FOMC since May 2000.

Investments Article

Interest Rates and Bond Prices

Dean Barber and Bud Kasper take a deep dive into the relationship between interest rates and bond prices and provide some education on bond alternatives.

Investments Article

Mortgage Rates and Interest Rates on the Rise

April showers tend to bring spring May flowers, but in the financial world, the forecast is filled with more market volatility. Dean Barber looks at the latest developments with interest rates, the bond and stock markets, and 30-year mortgage rates.

Retirement Article

Retiree Feature: Rodney and Lindra Woodard

It’s a consensus among our Modern Wealth Management team that the relationships that we’ve built with retirees and pre-retirees are core to our firm’s existence. In March, we started to highlight those relationships and how they’re centered around providing financial education. We hope you enjoyed our first retiree feature with Mike and Carol Heiting. Now, we’re excited to share how Rodney and Lindra Woodard are living their one best financial life.

Investments Article

Stress Testing Your Financial Plan

The saying goes that history never repeats itself, but it often rhymes has been very relevant lately from a financial planning perspective. Dean Barber and Bud Kasper discuss the importance of stress testing your financial plan to see how it would perform in similar periods to what we’re currently experiencing.

Retirement Article

Today’s Global Economic Outlook

One thing that Dean Barber and Bud Kasper are certain of is that there is a lot of domestic and geopolitical uncertainty to go around. Dean and Bud sort through some of that uncertainty to give their thoughts on today’s global economic outlook.

Investments Article

What Is Going On in the Bond Market?

For the first time since late 2019, the two-year treasury is yielding higher than the 10-year treasury. This is called an inverted yield curve. Since the late '70s Every single time we've seen an inverted yield curve, It has led to a recession. Join Dean Barber and Bud Kasper as they discuss what is going on in the bond market and what the inverted yield curve means to you.

Investments Article

A Recent History of Inverted Yield Curves

Dean Barber discusses the inverted yield curve, the likelihood of a recession, market volatility, and what to do moving forward.

Investments Article

The True Meaning of Tax Planning

Tax filing has been top of mind lately with the April 18 deadline fast approaching. While the tax compliance window is closing for this year, it’s important to remember that the tax planning window is always open. Bud Kasper and Logan DeGraeve discuss the true meaning of tax planning and how to best mitigate taxes over your lifetime.

Retirement Article

Reviewing the Latest SECURE Act Proposed Regulations

Amid all that has been going on in the financial world this year, don't overlook the IRS's latest proposed regulations on the SECURE Act.

Investments Article

The Impact of Rising Interest Rates

It's been just over a week since Federal Reserve Chairman Jerome Powell announced a 0.25% hike of the Fed funds rate, and that six more increases have been penciled in for the remainder of 2022. The Federal Reserve's goal with these moves is to slow down inflation, but what can we expect the impact to be from rising interest rates? Bud Kasper and Logan DeGraeve discuss the importance of making necessary adjustments to your portfolio in a rising interest rate environment.

Retirement Article

Retiree Feature: Mike & Carol Heiting

The relationships that we have with retirees and pre-retirees are very special to all of us at Modern Wealth Management. Along with providing financial education and advice to retirees, we’ve decided to start sharing some of their personal stories about how financial planning has helped them live their one best financial lives. Please enjoy our first retiree feature with Mike and Carol Heiting. 

Investments Article

The Federal Reserve’s Monetary Policies

LSA Portfolios President Brad Kasper reminds us of the Federal Reserve's Monetary Policies as the Fed begins to raise interest rates.

Investments Article

Dot-Com Bubble History Remains Relevant

Shane Barber looks back at the bursting of the Dot-Com Bubble in March 2000 and compares and contrasts it with our current market conditions.

Insurance Article

How to Mitigate Inflation on Healthcare Costs

Healthcare costs and inflation are uncomfortable to talk about, yet they are important and oftentimes related subjects. Here are a few solutions of how to mitigate inflation on healthcare costs.

Investments Article

From Quantitative Easing to Quantitative Tightening

Bud Kasper explains the Federal Reserve's shift from quantitative easing to quantitative tightening ahead of the Fed's March 16 meeting.

Investments Article

Economic Impact of March Market Madness

March means it’s time for March Madness, but there’s a different March Madness that Dean Barber and Bud Kasper are talking about that has nothing to do with college basketball. Dean and Bud break down the economic impact we’re seeing from the Russia/Ukraine conflict, the likelihood of rising interest rates, and other contributors to this March Market Madness.

Investments Article

Staying Calm Amid Economic Uncertainty

Everyone has their opinions about the Federal Reserve’s plan of action with interest rates and the developing situation between Russia and Ukraine. Regardless of your opinions, Dean Barber and Logan DeGraeve explain why it’s critical to keep your emotions in check and make sound financial decisions during these times of economic uncertainty.

Investments Article

Managing Risk in the Markets

Between the Federal Reserve’s decision on rising interest rates and the situation with Russia and Ukraine, there are a lot of unknowns right now. Dean Barber and Bud Kasper discuss the importance of controlling what you can control by managing market risk to alleviate the angst of the unknowns.

Insurance Article

Health Insurance Options for Retirees Under 65

When people younger than 65 are pondering if they have the means to retire early, there's usually one obstacle that's bigger than the rest. That's health insurance coverage. It's no doubt a valid concern. So, we want to review some health insurance options for retirees under 65 to help give you some clarity with your chances of retiring early.

Investments Article

When Will the Fed Say, “Take a Hike?”

It feels like it’s only a matter of time before the Fed says to, “Take a hike?” Interest rate hikes are likely on the horizon. Bud Kasper and Logan DeGraeve look at what the impact could be from any of the Fed’s rate hikes and how big they could be.

Retirement Article

5 Fun Activities for Retirees This Spring in KC

Following the snowstorm that just hit the Kansas City area, it’s hard not to get excited about the possibility of some nice spring weather being right around the corner. Here are five fun activities for retirees to do in Kansas City this spring.

Investments Article

What Is Going on with Interest Rates?

Shane Barber discusses what all is going on with interest rates and how impending rate hikes could impact the markets.

Investments Article

10 Ways to Fight Inflation in Retirement

In recent months, we’ve all felt inflation’s impact at restaurants, gas stations, grocery stores, and so many other places. There’s no question that inflation has made its presence known, especially among retirees. It’s important to us that you to continue to live your one best financial life despite these inflationary issues, so we’ve compiled a list of ways to fight inflation.

Retirement Article

Setting Retirement Savings Goals

We all have our own special goals that we’d like to achieve in retirement, but some of them are much easier to accomplish than others. Dean Barber and Bud Kasper discuss the importance of setting retirement savings goals sooner rather than later to attain clarity, confidence, and control in your retirement.

Investments Article

Market Volatility: Short-Term or Here to Stay?

Market volatility is making its presence known as we begin 2022. Dean Barber and Bud Kasper break down whether we can expect it to be short-term or if we need to buckle up for the long haul.

Retirement Article

Retirement Savings by Age

Wanting to know how much you should have in retirement savings by age is a simple question to ask, but there are several questions that need to be asked before that to help get your unique answer. We'll take you through some of those questions and provide a hypothetical scenario of what retirement savings by age journey can look like.

Retirement Article

Understanding US Inflation

From prices at the grocery store to the cost of filling up your gas tank, we have all seen the impacts of inflation in recent months. Dean Barber and Bud Kasper give their thoughts on the current inflationary pressures and what US inflation could look like going forward.

Retirement Article

Celebrating 25 Years of Modern Wealth Management

Dean Barber reflects on founding and serving as the CEO of Modern Wealth Management as the firm celebrates its 25th anniversary this month.

Estate Planning Article

What Is the Guided Retirement System?

You’ve probably heard Dean Barber and Bud Kasper mention the Guided Retirement System several times on America’s Wealth Management. Here is their step-by-step breakdown of the Guided Retirement System to ensure people understand what it is all about.

Retirement Article

7 Ways to Build the Best Retirement Plan

No one retirement plan is exactly the same, nor should it be. While your friends and family might have retirement plans that work well for them, that doesn’t mean they'll work for you.  

At Modern Wealth Management, we understand the importance of building the best retirement plan for YOU. Here are seven ways in which you can build your best retirement plan. 

Investments Article

5 Retirement Planning Tasks for a Better 2022

After coming off a strong year of market returns in 2021, let's look at five retirement planning tasks that can help make for an even better year in 2022.

Retirement Article

Reviewing Your Retirement Checklist for 2022

As we begin 2022, we want to review your retirement checklist. While we want to put you in a successful financial position for the new year, we’re focused primarily on helping you live your one best financial life throughout your retirement. Our Retirement Plan Checklist can help you do exactly that.

Investments Article

Portfolio Diversification: The Key to a Happy New Year

As you make your New Year’s financial resolutions, remember that risk will always be guaranteed within the markets. However, proper portfolio diversification can go a long way toward reducing that risk. Modern Wealth Management CEO and Founder Dean Barber and Director of Financial Planning Jason Newcomer discuss why it’s important to assess that risk by rebalancing as 2021 comes to a close.

Investments Article

The Evolution of Artificial Intelligence in the Creation of Stock Portfolios

Bud Kasper and Matt Kasper discuss the evolution of artificial intelligence in the creation of stock portfolios and how it's developed throughout their careers.

Retirement Article

Financial Lessons of 2021

From inflation to bonds and interest rates, there has been a lot to learn from the wealth of financial lessons of 2021. Dean Barber and Bud Kasper review some of those financial lessons of 2021 and give an outlook of what we can keep learning from them moving forward.

Investments Article

Reviewing Rebalancing Strategies

Market performances continue to make investors jolly during the holidays, but there’s something else you should be doing right now rather than just enjoying the ride. Dean Barber and Bud Kasper share why the holiday season is a good time to be reviewing rebalancing strategies.

Retirement Article

Swings in the Markets in November

There never seems to be a dull moment in the markets, and November was certainly no exception. Dean Barber shares how a new COVID-19 variant, ongoing inflation, and projected small rate hikes have accounted for some wild swings in the markets in November.

Investments Article

Safe Withdrawal Rates

Dean Barber and Bud Kasper discuss safe withdrawal rates and why they should be different for each person based on their financial plan.

Retirement Article

Benefits of Charitable Giving During the Holidays

Do you enjoy spreading holiday cheer by reaping the benefits of charitable giving? Here are a few things to keep in mind on Giving Tuesday.

Retirement Article

Counting Our Financial Business Blessings

As we celebrate Thanksgiving with our loved ones this week, Dean and Bud give thanks for their families, clients, financial business blessings, and much more.

Retirement Article

5 Holiday Shopping Tips Amid Supply Chain Issues

Holiday shopping amid the supply chain crisis can be hectic. Here are five financial planning tips that can help you this holiday season.

Retirement Article

Making the Most of Market Opportunities

A financial plan can make a world of difference, especially when you're making the most of market opportunities. Dean Barber and Bud Kasper look at some of those opportunities, as well as ones outside of the market, to help you live your one best financial life.

Retirement Article

5 Long-Term Strategies for a Better Retirement

There are few things that make Dean Barber and Bud Kasper happier than seeing the fruits of the forward-looking planning pay dividends for their clients. In this week's edition of America's Wealth Management Show, they offer five long-term strategies for a better retirement.

Retirement Article

Let’s Talk About the Current Housing Market

Shane Barber gives a unique personal perspective on the housing market to help assess the status of the current red-hot housing market.

Retirement Article

A Critical Time of Year for Tax Planning

The holiday season isn't the only thing to be preparing for right now. Dean Barber, Bud Kasper, and JoAnn Huber share why this is a critical time of the year for tax planning.

Investments Article

The Fine Line Between Good Fear and Bad Fear

Dean Barber and Bud Kasper break down the differences between good fear and bad fear to help people live their one best financial life.

Retirement Article

Modern Wealth Management Hosts 2021 Charity Golf Event

Select Modern Wealth Management financial advisors enjoyed a beautiful day with some clients for the firm’s 2021 Charity Golf Event on Thursday, October 14, at Deer Creek Golf Club.

Retirement Article

Social Security Cost-of-Living Adjustment Set for 5.9% Increase in 2022

The Social Security Administration announced that the Social Security cost-of-living adjustment will increase 5.9% in 2022, which is the biggest annual uptick in 40 years.

Retirement Article

Planning for Uncertainty in Retirement

In the quest for financial clarity and confidence, there's no doubt that today's decisions and actions can create your future. Dean Barber and Bud Kasper discuss how those decisions and actions are critical when it comes to planning for uncertainty in retirement.

Retirement Article

Why the Debt Ceiling Is a Big Deal

September was the S&P 500's worst month since The Great Recession. What is happening with inflation and interest rates? What is going on with our debt ceiling? Dean Barber breaks all that down in the latest Monthly Economic Update.

Investments Article

Predicting the Future of Your Retirement

There is contrast between the uncertainties in retirement and your career. Learn more about how you can predict the future of your retirement.

Retirement Article

Don’t Miss Out on Your Money: Redefining Risk Management

Shane Barber redefines risk management to help mitigate the occurrences of people missing out on their money in retirement.

Retirement Article

Why When You Retire Matters

Do you have an idea of when you want to retire? There’s no doubt that there can be some excitement that comes with that, but the fear of not having financial stability throughout retirement isn’t something to dismiss. Dean Barber and Bud Kasper are here to help explain why it’s critical to make a forward-thinking retirement plan that accounts for future inflation and taxes. Their analysis of previous 20-year rolling periods show why when you retire matters.

Retirement Article

5 Ways to Avoid College Debt

Are you or your children looking for a head start in the Game of Life? Matt Kasper can help by offering five ways to avoid college debt.

Retirement Article

Dean and Bud’s Beginnings: Forming Fiduciary-First Relationships

The most rewarding experience for Dean Barber and Bud Kasper is getting to educate people on financial planning. Get to know Dean and Bud on a more personal level, as they share about their start in the industry and how they approach the industry today.

Retirement Article

Inflation’s Impact on the Market

Crazy things are happening in the market: the stock market, bond market, housing market, inflation's impact on the market, interest rates. I’m Dean Barber, founder and CEO of Modern Wealth Management. Stick around for this month’s economic update.

Retirement Article

Rising Interest Rates, Inflation, and Overvalued Markets: The Triple Threat

With rising inflation, rising interest rates, and market valuations at all-time highs, it’s critical to be aware of what could lie ahead due to these financial threats. Dean Barber and Bud Kasper have proclaimed this as the triple threat, and they want you to be prepared for it. Join them now to educate yourself on these important issues.

Investments Article

Owning Bonds in a Rising Interest Rate Environment

One of the more common questions clients have asked us over the past few years is, "Why would I want to own bonds right now, when they are barely paying any interest, and interest rates are going to be going up soon?"

Retirement Article

5 Common Misconceptions About Retirement

There can be a lot to look forward about to retirement, but people often have a lot of misconceptions on their way to and through retirement. Join Dean Barber and Bud Kasper, as they break down some common misconceptions about retirement to provide you with the clarity to retire with confidence.

Retirement Article

Questions About Pensions

When it's time to retire, there's a lot of decisions that you have to make. Join Dean Barber and Logan DeGraeve as they discuss questions about pensions. It's not just about pensions, it's about Social Security, taxes, and everything involved in making the right decisions for your retirement goals. 

Retirement Article

3 Steps to Help Evaluate Your Pension: Lump Sum or Regular Payments

Pensions as an employee benefit are on the decline, but for some, pension benefits will contribute to a meaningful and lasting retirement, and you need to make sure you are prepared to make the right decision.

Retirement Article

Revisiting the National Debt Discussion

I wrote Is the National Debt too High? last June. Today I want to go back and revisit some of the things I discussed in that article and give you some updated information on the state of our National Debt. 

Investments Article

Understanding US and Consumer Debt

Total US national debt now eclipses $28 trillion. Total US household debt eclipses $14 trillion. Both all-time highs. What does this mean to the US economy? What does it mean to you financially? Join Dean Barber and Bud Kasper as they examine the US national debt and consumer debt.

Investments Article

Investing in a Post-COVID Era

What’s more important when you head into retirement – your asset allocation or the financial planning techniques employed in your retirement plan? Join Dean Barber and Bud Kasper as they tackle investing in a post-COVID era. You’ll understand why financial planning techniques are far more critical than just looking at the asset allocation.

Retirement Article

Retiring with $1 Million

What could retirement look like with $1 million? We're going to show you four different couples. One couple, which we referred to as the average couple, with a 60/40 portfolio, claiming Social Security at 62, would be able to spend $3.5 million over a lifetime. 

Retirement Article

How $750k Can Go as Far as $1 Million in Retirement

Would you rather have $750,000 or $1 million? On its face, this question seems like a no-brainer. One million dollars is a larger number than $750,000, so that has to be the correct answer – right? 

Investments Article

Bear Markets and Sequence of Returns

Bear markets and sequence of returns. Join Dean Barber and Bud Kasper as they tackle the question: Can retirees survive the next bear market? It's not a question of if – it's a question of when will the next bear market will occur. They're going to discuss strategies so that you can survive the next bear market.

Retirement Article

Can Retirees Survive the Next Bear Market?

Can today's retirees survive our next bear market? On June 1, 2020, I wrote an article titled The Serious Consequences of The Sequence of Returns in Retirement. In this article, we are examining how long a retiree's money may last in retirement when factoring in both distributions and stock market volatility.

Investments Article

Asset Location & Peter Thiel’s $5 Billion Roth IRA

A story has been making the rounds over the past few weeks profiling entrepreneur Peter Thiel. You may have seen he is the owner of a Roth IRA worth approximately $5 Billion. Yes, that's Billion, with a capital "B."

Retirement Article

Lumber, Commodities, and Inflation Fears

If recent events are any indication, and I believe they are, we may already be seeing the end of this inflationary trend and the beginning of a return to more normal prices. I'm going to focus a lot on lumber in this article. However, I am also discussing the big three agricultural commodities we farm in the Midwest: corn, wheat, and soybeans.

Insurance Article

Do I Still Need Life Insurance in Retirement?

For many people in similar situations to my own, life insurance makes sense for various reasons. But what about individuals who are approaching retirement or already retired? Do they still need life insurance in retirement? The answer, like most things in personal financial planning, is "it depends."

Estate Planning Article

4 Estate Planning Mistakes to Avoid

all of the components of a well-designed financial plan, estate planning might be the one that people like to think about the least. After all, you're confronting and dealing with your own mortality. Let's take a few minutes to review some of the common estate planning mistakes and learn how we can avoid them. 

Estate Planning Article

The Son of SECURE: Here We Go Again

On May 5th of 2021, the House Ways and Means Committee passed the 2.0 of the SECURE Act, nicknamed the Son of the Secure, officially known as the Securing a Strong Retirement Act of 2021.

Retirement Article

5 Potential Problems with Retiring Early

You may have seen the acronym FIRE (Financially Independent Retiring Early) thrown around in the past few years. On paper, the FIRE lifestyle may seem incredibly attractive to many. Work hard in your 20s, 30s, and even 40s to make as much money as possible in as short a period as possible.

Retirement Article

Pandemic Market Valuations

Stock market valuations hit an all-time high in January of 2000. That is until now. Today’s valuations exceed where they were before the Dot Com Bubble. Join Dean Barber and Bud Kasper as they discuss the overvalued markets, whether or not they are sustainable, and pre and post-pandemic market valuations.

Retirement Article

The Pandemic Economy Then and Now

The COVID-19 pandemic will go down in history as one of the worst health events in recent history, causing one of the fastest market crashes in history and ending with one of the fastest recoveries in history. Three incredible distinctions, held by one invisible and criminal virus that changed the face of modern history in ways we still haven't come to grips with yet. 

Retirement Article

What is a Financial Planner?

Did you know there are 212 different financial designations for advisors? What exactly is a financial planner? How do you know who to trust? Join Dean Barber and Bud Kasper as they discuss the 212 different designations. What's good and what's bad?

Insurance Article

5 Ways to Set Your Kids Up for Financial Success

Everyone wants the best for their kids and making sure they have the tools to create financial success for themselves is important.

Retirement Article

Retiring in a High Inflation Environment

The headlines are everywhere, inflation is rearing its ugly head again! Join Dean Barber and Bud Kasper as they tackle the subject: Retiring in a High Inflation Environment. You should understand how this high inflation environment affects your ability to retire and stay retired and do it with dignity and peace of mind.

Investments Article

401(k) Factors to Consider

You're 401(k), if you're like anyone else, is likely your largest asset. If it's not now, it probably will be in the future. What happens to that 401(k) when you change jobs? Should you do Roth or traditional contributions? Join Dean Barber and Bud Kasper as they discuss your 401(k), your largest asset.

Retirement Article

Retirement Regrets & How to Avoid Them

The last thing you want after you retire is to have regrets. Join Dean Barber and Bud Kasper as they discuss retirees sharing their biggest retirement regrets. They'll help you make sure that you don't have those same regrets in retirement.

Retirement Article

5 Things to Do Before and After Retiring

If you were to list the five most important things to do before and after retirement, what would they be? Join Dean Barber and Bud Kasper as they discuss the five things do to before and after retiring.

Retirement Article

Taxes on Retirement Income

When you leave your job and enter retirement, your tax situation can drastically change. We're often asked by clients, "How will my retirement income be taxed?" The short answer: it depends. Let's take a closer look at some of the typical income sources in retirement and learn more about how that income could be taxed.

Retirement Article

Real Retirement Disruptors

When you head into retirement, it's supposed to be the time of your life. The time where you're supposed to sit back and enjoy the fruits of your labor. A time when your money can go to work for you. Unfortunately, there are many disruptors out there in your retirement. Join Dean Barber and Bud Kasper as they talk about real retirement disruptors and how to avoid them.

Insurance Article

Why You Should Never Be Sold Insurance

Bud and Dean will discuss how you determine what insurance you should purchase and why. And how do you stress test the difference between self-insuring and buying the necessary insurance? 

Investments Article

Income in a Low Interest Rate Environment

We've been in a low interest rate environment for quite some time, but we're in a little bit different situation today than we have been, say, over the last decade.

Investments Article

Buying Real Estate in Your IRA? Not So Fast

There is no shortage of people and companies out there trying to convince you that buying actual real estate in your IRA is a good idea. A quick google search of the term real estate IRA brings up about 63,800,000 results in just under a half a second. Really.

Investments Article

Traditional Versus Roth 401(k)

People frequently ask us whether they should contribute to a Roth 401(k) or a traditional 401(k). The answer to this question depends on your personal situation. There are several factors you should consider.

Retirement Article

Rising Interest Rates and Inflation

We have the threat of inflation. We have stock markets with record levels as far as price-to-earnings ratios go. And we have a rising interest rate environment. So, where does all that bring us? Please join me with this episode of our monthly economic update.

Insurance Article

Top 10 Risks in Retirement

When you ask the question, "What's your biggest fear in retirement?" Most people will say it's the fear of running out of money. Join Dean Barber and Bud Kasper, as they talk about the top 10 risks in retirement and what you can do to mitigate those risks.

Investments Article

11 Tax Tips for Tax Time

It's everyone's favorite time of year, it's tax time! Well, maybe not. Join Dean Barber and JoAnn Huber, CPA and CFP®, as they discuss 11 tax tips for tax time. Believe it or not, what you're doing during tax season is reporting history. The question really is: What can you do to reduce your tax bill in the future?

Estate Planning Article

Estate Tax: How Will My Assets Be Taxed When I Die? 

You are probably aware that the government can tax you when you earn income from work, make money on investments, take withdrawals from accounts, and even tax the income you receive when you claim Social Security benefits. Were you aware that the government can also tax your estate (and your beneficiaries) on the assets you own when you die? 

Investments Article

Target Date Funds in 401(k)s: Are They Hitting Their Targets?

Today, anybody in the workforce more than likely participates in their company's 401(k) retirement plan. Therefore, they should be familiar with an investment option known as a target date fund. While not part of the original 401(k) investing landscape at its inception in 1978, target date funds, launched in 1994, are the most popular way for participants to invest for their retirement future today. 

Investments Article

Financial Planning: Why it’s NOT All About Investments

What's ahead for the stock market in 2021? In order to answer that question, we have to look back at 2020. Join Dean Barber and Bud Kasper as they discuss their 2021 market predictions and look back at 2021.

Investments Article

RMD Strategies for Before & After Retirement

Dean and Bud discuss required minimum distributions this week. You may be asking, “Why are you talking about RMDs so early in the year?” There are major RMD strategies for both before and after retirement. You don’t want to miss a moment of this episode.

Retirement Article

2020 Financial Year in Review

Welcome to 2021! I'm glad all of you are with me today, and I hope you're all staying healthy and safe. Today, I'm going to look at 2020 and what's to come in 2021.

Retirement Article

Stimulus: Second Round for Americans

On Tuesday, December 29th, the House passed a bill to increase the stimulus checks from $600 to $2,000. Now, that bill goes to the Senate. Meanwhile, Treasury Secretary Steven Mnuchin has stated that the $600 stimulus checks will begin to go out as soon as Tuesday night of the 29th.

Investments Article

Finding the Good Things in 2020 & Looking Ahead to 2021

Shane Barber breaks down the good things to come from 2020 in the markets, the economy, and more. He also looks ahead toward 2021.

Investments Article

2020 Market Wrap-Up & 2021 Outlook

If you fell asleep on January 1, 2020, and woke up today, you would see a stock market that's on fire. The NASDAQ is up over 40%, the Russell 2000 and S&P 500 are up in the mid-teens, and the Dow Jones Industrial Average is up nearly 10%. But guess what, it hasn't been a straight line. What does 2021 have in store for us? Join Dean Barber and Bud Kasper as they review 2020 markets and look forward to 2021.

Retirement Article

2020 Year-End Tax Planning for Retirees

We've said this many times that as long as you live in the United States, as long as you have money or make money, taxes will be a factor in your life. In this year-end tax planning discussion, we're talking about helping people not pay as little 2020 tax as possible but as little tax as possible over their lifetime. 

Retirement Article

Top 5 Money Mistakes to Avoid in Retirement

There are some things that can be downright frightening for those of you planning for retirement. Let's take a look at some of the money mistakes to avoid that go bump in the night for retirees.

Estate Planning Article

Top 10 Financial Planning Considerations

It's National Financial Planning Month! Join Dean Barber and Bud Kasper as they outline the top ten financial planning considerations. This is by no means a complete list of everything you need to do, but if you get these top ten in your financial plan, it can help you get clarity, confidence, and control for your retirement.

Retirement Article

Connecting Your Money with Your Life

If you live to be 100 years old, that is 36,500 days. Think about how many days you have to enjoy your life in retirement. It's not that many. The life expectancy for a man who is 65 is only 18.1 years. How many of those will be good years? Join Dean Barber and Bud Kasper as they discuss how to make the most of your financial future by connecting your money to your life. 

Investments Article

Can I Beat the Market?

Many investors compare their investments to certain indices in an effort to beat the market. But are indices a good benchmark? You may have heard someone say there two emotions that can drive our investing decisions. 

Retirement Article

Planning for the Next President

We're planning for the next President of the United States. Join Dean Barber and Bud Kasper as they take a deep dive into what might happen if Joe Biden wins or if Trump is re-elected.

Investments Article

What if Trump Wins the Election?

Shane Barber and I shoulder the challenge of writing if Trump or Biden wins the election. Our task is providing facts and insights as they pertain to each candidate's platform. Neither my friend Shane (the Beethoven of words and the Sherlock Holmes of facts) or I chose which side to represent. Instead, we were assigned a candidate. Mr. Barber will present for former Vice President Biden's positions, while I undertake President Trump's positions.

Retirement Article

What if Biden Wins the Election?

We're going to let the math and the logic take us where it will as we analyze the two candidate's positions. Bud will be covering if Trump wins the election, and I'll be covering if Biden wins the election.

Retirement Article

7 Most Overlooked Budget Items in Retirement

Most people have, at best, a rough idea of how much they spend each month. Money comes in from a paycheck, and money goes out for various expenses. When it comes to planning for your retirement, it's good practice to have a detailed understanding of how and where your money goes once it leaves your bank account. In retirement, some expenses won't look a lot different than they do while you are working.

Investments Article

Are Millennials Saving the Housing Market?

Looking at what the market did in August, you would think that we were in the best economic time in your life! Things have been off the charts. Join me for this Monthly Economic Update where we'll discuss the markets for August, understand how millennials are impacting the housing market, the disparity in certain sub-sectors, and my thoughts on the presidential election.

Investments Article

COVID-19 and the Real Estate Market

There is no doubt that the COVID-19 pandemic has affected the real estate market in a whole host of ways, and there is a high probability that some of the changes that are occurring will be permanent. Today I want to discuss what we see happening in real estate due to COVID-19 and how those things may affect not only the real estate market but also the stock and bond markets. 

Retirement Article

Retirement Plans for Small Business Owners

In this post, we'll explore many of the various retirement plans that may benefit not only you, the small business owner but also your most valuable asset, your employees. front of our faces, neglecting to plan for the long run. Take a step back, and for today, let's think about life after business. This is harder than it sounds for those of you grinding day in and day out. However, there is a light at the end of the tunnel. 

Investments Article

What is ESG Investing?

With the increased demand for so-called “socially responsible” investments, investors have never had such a wide array of choices. If socially responsible investing is important to you, focusing your investments on ESG factors may be of interest. So what is ESG investing?

Retirement Article

Interview with Dr. Laura Lile, M.D., R.PH.

What if there was a way that you could prevent COVID-19? Join me and Bud Kasper as we interview special Guest Dr. Laura Lile, M.D., R.PH. about how you can boost your immune system to potentially reduce your risk of contracting COVID-19.

Retirement Article

The Importance of Tax Planning

According to a recently released survey by Nationwide Retirement Institute, 39% of retirees surveyed "rarely consider the taxes they are paying or will pay in retirement." However, 90% of respondents report feeling in control of the retirement planning process, and 92% of future retirees feel they are financially ready for retirement. While confidence may be high, that 39% not considering taxes are woefully mistaken.

Retirement Article

Father’s Day Reflections

This Father's Day, we decided to have some of the fathers here at Modern Wealth Management reflect on their experiences. From relationships with their fathers and grandfathers to sacrifices and rewards of fatherhood, it's experiences like these that mold us. 

Estate Planning Article

7 Retirement Strategies to Retire Successfully

This list of strategies will hopefully give you a great place to start if you're getting ready to retire or just curious about preparing for retirement. Our goal is to provide you with simple yet effective retirement strategies that do not only focus on investment tactics or savings percentages. Instead, we hope to give you a toolbox of strategies for retirement with which you can combine to build the retirement of your dreams.

Investments Article

PPP Flexibility Act, Forgiveness Rules Change

On June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act, or the PPP Flexibility Act (PPPFA), into law. The rule changes include extensions on deadlines and payroll requirement changes that impact loan forgiveness. These changes to the PPP (Paycheck Protection Program) loosen restrictions on forgiveness for borrowers.

Investments Article

Sequence of Returns: The Serious Consequences in Retirement

I'm guessing that most everyone has seen the movie Good Will Hunting. It starred Matt Damon as Will Hunting and the late great Robin Williams played the role of his psychiatrist Dr. Sean McGuire. You'll recall that Damon's character is a 20-year-old janitor from South Boston who was an unrecognized genius. To avoid jail time for assaulting a policeman, Will is invited into therapy with William's character by professor Gerald Lambou (played by Stellan Skarsgård).

Retirement Article

3 Ways Retirement Planning is Like BBQ Ribs

You may be asking yourself right now, "What in the world could ribs have to do with retirement planning?" And I don't blame you for wondering. It's weird enough to see both things in the same sentence, let alone in the title of an article. Well, here's the thing; I recently purchased myself a new charcoal grill and have been working on perfecting my ribs. I'm learning a lot about patience, balance, timing, and, most of all, the juicy, delicious reward of a carefully prepared rack of ribs.

Investments Article

Can We Trust May’s Market Recovery?

There are a lot of questions out there today. Can we trust May's market recovery? Is the worst behind us, or is there a second wave of a market down? Will we see the volatility come back? What about Coronavirus? Where's that headed? What's our economy going to do? Join me along with CERTIFIED FINANCIAL PLANNER® Jason Newcomer for this month's economic update.

Retirement Article

Retirement Planning and Mountain Biking

Yes, you did read the title correctly. I'm sure you probably have a lot of questions like, why are we talking about mountain biking and retirement planning in the same sentence? Or why are we talking about mountain biking at all?

Investments Article

CARES Act Retirement Account Distributions

Before the pandemic, people weren't allowed to withdraw money from their IRAs for purposes not related to their retirement. However, the CARES Act includes special provisions permitting coronavirus-related distributions and loans from retirement accounts.

Retirement Article

Interview with a Hospital CEO During COVID-19

Dean interviews his brother Eric Barber, the CEO of Mary Lanning Hospital in Hastings, Nebraska, in this glimpse inside the operations of a rural midwest hospital amidst the COVID-19 outbreak.

Investments Article

Who Do You LUV? Recovery Shapes

I'll explain my crazy article title, Who Do You LUV? Please note that I have underlined four letters in the title. Each of these letters, W, L, U, and V, suggests different types of economic outcomes that hopefully result in an economic recovery! Remember, an "economic recovery" suggests recovery for both the stock and bond markets as well.

Investments Article

The PPP: The Paycheck Protection Program

The government passed the CARES Act with loans designed to help these small businesses stay financially open and also to continue to pay their employees during the stay-at-home orders. One of these loans is called The Paycheck Protection Program or as it’s commonly referred to as The PPP.

Investments Article

Lessons Learned from Coronavirus

Today we want to spend a little time talking about the potential good things that will come out of the COVID-19 pandemic and the sweeping attempts to deal with it, including the closure of a good portion of our economy for a brief period. Every cloud has a silver lining; we'll explore a few that we see coming out of this one.   

Retirement Article

Stimulus Check — Answers to Your Questions

The Coronavirus Aid, Relief, and Economic Security, or CARES Act, was signed into law on March 27, 2020. Millions of Americans will receive an Economic Impact Payment, also known as a stimulus check, from the federal government as part of this Act.

Retirement Article

How Seniors Overcome Social Isolation During Coronavirus

During the unprecedented global events of the coronavirus/COVID-19 pandemic, we've seen many examples of how seniors are overcoming social-Isolation. Here are a few ways that they're beating isolation during quarantine and why it is so crucial to stay connected.

Retirement Article

CARES Act Update: $2 Trillion in Relief

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was passed and enacted on March 27, 2020. Created in direct response to the coronavirus and COVID-19 pandemic sweeping across the nation, it's a $2 trillion package. This massive relief package includes new tax credits for individuals, small business loans, and new rules surrounding retirement accounts, student loans, and unemployment benefits.

Investments Article

Negative Interest Rates in the United States

Welcome to the Monthly Economic Update, today we're going to discuss negative interest rates in the united states, economic stimulus, and more. It's a doozy—lots of records broken, and things that we've never seen before. Bud Kasper is going to join me today. And while we're doing our social distancing, give you as much information as we can about what we're seeing what we're doing, what we're hearing, and what we think is ahead, enjoy.

Insurance Article

Health Care Costs During Retirement

For those of you gearing up to retire within the next few years, you may be wondering how your health care costs in retirement might look. There are several factors at play. We’re going to dive those to give you a better understanding of your health care costs in retirement.

Investments Article

Bond Market Rally: Low Treasury Yields & Oil Prices

On March 9, 2020, 11 years to the day from the bottom of the Financial Crisis in 2009, yields on treasury bonds went lower than they’ve ever gone in our nation’s history. By the close of business on the 9th, 10-Year treasuries were yielding 0.56%, and 30-Year treasuries were yielding 0.99%. These are unheard-of levels.

Retirement Article

Coronavirus Update: What You’re Not Hearing on the News

The longer coronavirus drags on, the more frustrated I become with the mass media and their inability or unwillingness to report on it with any modicum of décor. Instead, it's the same old, "if it bleeds it leads" mentality for which they have become so disliked.

Investments Article

US Household Debt at Record Levels

US Household Debt last peaked in 2008 at $12.68 trillion. This came with housing debt peaking in the 3rd quarter and non-housing debt peaking in the 4th quarter. The US consumer then began a slow deleveraging process that lasted for nearly five years. Total US household debt bottomed out in the 2nd quarter of 2013 at $11.15 trillion. During that time, I and countless others wrote that the deleveraging would eventually help the consumer to rebound...

Retirement Article

Coronavirus, the Markets, and the Economy

You need to understand what's going on with Coronavirus. You need to know how it's impacting the markets. Strange things are happening in the bond market, and the yield curve has inverted up to the One-Year Treasury. The Two-Year Treasury is not quite there yet. Today we're going to do things a bit differently with Jason Newcomer, one of our CERTIFIED FINANCIAL PLANNERS® joining me today. 

Investments Article

The SECURE Act’s 10-Year Rule

As you may be aware by now, the SECURE Act completely changed the rules for the beneficiaries of retirement accounts. Possibly the most significant change is the new 10-year payout rule, which essentially eliminated the ability to stretch the IRA over a beneficiary's lifetime. Here are ten things you need to know about the new 10-year rule. Here are the ten most important things you need to know.

Retirement Article

Financial Independence: Am I Already There?

Financial independence can be defined as the day your money goes to work for you instead of you working for your money. Achieving financial independence means you never have to work another day in your life you don't choose to. It means you have the freedom to devote your time to the people, causes, and things you care deeply about, rather than your job.

Retirement Article

Paying for Your Child’s Wedding Costs

There are few things more exciting than learning about your child's engagement. Sometimes, that news can come as a big surprise, like in this clip from Father of the Bride. Hopefully, that surprise eventually comes as a delight to you and your family. That delight can quickly turn into stress once it is time to discuss your child's wedding. Paying for your child's wedding costs will come later in your career when retirement saving is critical. That's why it's crucial to have a solid plan, so you can avoid derailing your retirement.

Estate Planning Article

Why Spouses Should Be Planning for Retirement Together

Planning ahead is important, especially when it comes to retirement. However, many spouses planning for retirement don’t plan together. Instead, opting for one spouse to quarterback the retirement plan for the both of them. The problem with this game plan is that it takes two to tango, and it takes two to build a retirement that works for both parties. There are many reasons why spouses should be planning for retirement together, so let's discuss some of them.

Investments Article

Will The Coronavirus Financially Impact Me?

It seems like an annual event occurring every winter season—the latest virus epidemic ends up causing worldwide concern and, in some cases, panic. Some of you may remember the year that SARS was infecting people around the world. There's been Ebola, Bird Flu, and the list goes on and on. The media usually encourages fear by blasting pictures of hospital wards or people walking to work in masks.

Investments Article

Stock Market and Super Bowl Odds Similarities?

What can the Super Bowl oddsmakers in Las Vegas teach us about the stock market? I'm going to show you some strange similarities to what the oddsmakers in Vegas were thinking versus what the stock market was doing in January 2020. Alright, let's have a little bit of fun here for all you Chiefs fans. I'm a Chiefs fan, what a Super Bowl! The first chart I want to show you is from the oddsmakers in Las Vegas talking about the probability of San Francisco winning the Super Bowl.

Retirement Article

Hail to the Chiefs!

After a 50 year hiatus, the Kansas City Chiefs have finally made it back to the pinnacle of football as they prepare to play the champions of the NFC, the San Francisco 49ers in Super Bowl LIV (54) this Sunday at Hard Rock Stadium in Miami Beach. For fans and players alike, it has been a long and many times arduous campaign that finally became a reality with the Chief’s win over the Tennessee Titans 35 to 24.

Estate Planning Article

Is the Stretch IRA Dead?

In December 2019, Congress passed the Setting Every Community Up for Retirement (SECURE) Act. One of the most significant changes is the elimination of the stretch provision for most beneficiaries of inherited retirement plans like IRAs and 401(k)s. What does this change mean for you? What opportunities does it present?

Retirement Article

Retirement Age: Risks You Can’t Control

We regularly talk about controlling risk where you can. However, today I want to address some issues with retirement age and risks that you can't control. There are lots of risks that you can't control, not just in retirement, but in life. The only thing we can do about those risks is to ask the question "what-if?" Then make a plan to address that potential outcome. The risk is still there, but if you've made a contingency plan for its possible occurrence. By doing so you've mitigated its effect on you and/or your family.

Estate Planning Article

SECURE Act Changes Retirement Planning

In 2019, there was a lot of buzz about the Setting Every Community Up for Retirement or the SECURE Act. Early on, this bill had bipartisan support, unusual in today's political climate. The SECURE Act passed both chambers of Congress, and on December 20, 2019, was signed into law by President Trump. This single piece of legislation will have significant impacts on retirees and their beneficiaries. So, let's dive deeper and discuss how the SECURE Act changes retirement planning.

Retirement Article

Politically Motivated News

A quick google search for politically motivated news will yield you roughly 40,300,000 results in (on my computer) 0.51 seconds. First of all, it’s nothing short of a modern miracle that 40 million results are available in half a second. That’s staggering. More importantly, it’s incredible there are 40 million pieces on politically motivated news floating around on the web. 

Investments Article

2019 Financial Year in Review

Stick with me as I look at the 2019 financial year in review and what we see coming for 2020. A near-record year for the stock market! Housing starts are way up and consumer confidence way up. There are a lot of great things that happened in the last quarter of 2019. I have to say; we're going to be sad to see it go.

Estate Planning Article

20 Things to Do Before You Retire in the 2020s

Well, here we are approaching the close of another decade. As many often do near the end of a milestone, we’re doing a countdown. However, this countdown isn’t looking back over the past decade, but rather forward toward the decade on the horizon. New decades often mean new goals, and for many, it’s likely the ultimate goal during our working years, retirement. 

Investments Article

Economic News, Where is the Recession?

Hey economic news outlets, where is the recession? Stick with me for the next few minutes as I discuss economic news and the big question; where is the recession Alright, let's start with economic news, and I'm just going to cover a few articles and some headlines that came out since early November. As I write this, it's December 4, 2019, so we're a few days into December.

Investments Article

Presidential Elections and the Stock Market

As the year 2019 comes to a close and 2020, a presidential election year looms large on the horizon. I find myself answering the same question daily. The question is essentially this; "How will the Presidential Election affect the stock market?" And I know, as sure as I'm sitting here writing this article, the majority of you reading this want to know the same thing. 

Investments Article

Sprint T-Mobile Merger: What it Means for Kansas City

The FCC approved the Sprint T-Mobile merger in a 3-2 vote on November 5, 2019. It’s a deal that’s been looming large over the KC Metro the past several months, and the impact on Kansas City has yet to thoroughly discussed. Let’s take a look at the merger, how it’s affecting Sprint, its employees, and Kansas City. 

Retirement Article

US Manufacturing is in Recession

Today I'm going to cover the good and the bad in what's going on with the economy. We're going to cover the US manufacturing industry and how it's heading toward recession, the non-manufacturing industry, and a more normalized yield curve compared to what we've been talking about in previous Monthly Economic Updates. We'll also be covering the stock market and earnings as it pertains to forward-looking earnings in the markets.

Retirement Article

Active Versus Passive Management

The active versus passive management debate has been with us for a long time, going back almost to the issuance of the first ETF in the U.S. in 1993. When they were first issued, ETFs were used almost exclusively by institutional investors to execute sophisticated trading strategies. However, it wasn’t long until financial advisors, and individual investors took to them as well.

Retirement Article

The Interest Rate Environment

Today we're going to cover some interesting things happening in the interest rate environment. We will cover the International Monetary Fund (IMF) and their outlook for the global economy over the next 12 to 18 months, what the markets are doing, and a little about earnings. And to round it all out, we will discuss the change in the yield curve.

Retirement Article

Unemployment Rate at 50 Year Low: Why it Matters

On October 4th the Bureau of Labor Statistics released its monthly Employment Situation Report. The data showed the Unemployment Rate in the US had fallen to 3.5%, a low not seen since December of 1969. That is great news for our economy, as it means there’s plenty of work to go around. The report also showed the Labor Force Participation Rate held steady at 63.2% overall, and at 82.6% for adults aged 25-54.

Retirement Article

Negative Interest Rates In the US

There has been a lot of talk recently about negative interest rates in the US. In fact, you can’t turn on your television, computer, or phone without seeing some story about negative interest rates. The problem is that none of, or very few of these stories, actually take the time to educate their listeners/readers. You get a soundbite or a 300-word article that's supposed to arm...

Investments Article

Top 5 Things Investors Are Worried About Today

On August 26th of this year, sophisticatedinvestor.com released the results of a survey they conducted with 2,000 US investors. In the survey, respondents were asked which geopolitical or economic event they felt was most concerning where the health and safety of their investments were concerned. They surveyed men and women between the ages of 35 to 65+ from coast to coast. Here are the top 5 things investors are worried about today.

Estate Planning Article

What is a Living Trust and Do I Need One?

Many use a living trust in their estate planning strategy. However, whether it’s right for you depends on your personal necessities, goals, and situation.

Investments Article

What Happens After a Yield Curve Inversion?

On August 14th, 2019 the Yield Curve between the 2-Year and 10-Year Treasury bond inverted for the first time since May 2007. This caused the stock market to sell-off, with the Dow Jones Industrial Average dropping more than 800 points. What happens after a Yield Curve Inversion? Why were the markets so spooked?

Investments Article

Market Volatility & the Yield Spread

Today we're going to cover the recent market volatility, interest rates, and the historical move in treasuries. Also, the yield spread between the Three-Month and the 10-Year Treasury. We're going to cover what's going on in the stock market, why I think it's happening, and a little bit on precious metals.

Investments Article

Mutual Funds and ETFs, Which is Right for Me?

We get this question a lot from clients – what’s the difference between mutual funds and ETFs (exchange-traded funds)? Both are investment funds that will generally provide you with some level of diversification. There are mutual funds and ETFs that invest in US stocks, non-US stocks, real estate, and gold. There are even funds that allow you to invest in more developing areas like cannabis and blockchain technology.

Retirement Article

Equifax Settlement, What it Means for You

Were you one of the millions of people whose information was exposed in the September 2017 Equifax breach? If so (or even if you aren’t sure yet), you may be eligible for compensation.

Retirement Article

What is the SECURE Act?

There’s a piece of legislation in discussion widely in the news that will have major impacts on your retirement savings. The Setting Every Community Up for Retirement Enhancement (SECURE) Act is not only a reminder that our elected officials are great at coming up with acronyms, but it’s also a bill that has bipartisan support.

Investments Article

2020 Contribution Limits for Retirement Plans

We’re halfway through the year. Are you on track to maximize your retirement savings? Here are the 2020 contribution limits for retirement plans. Last year, the IRS increased the 2020 contribution limits for retirement accounts.

Retirement Article

529 Plan: Saving for Education Expenses

Using a 529 Plan to Save for Your Children’s and Grandchildren’s Education Expenses

For a little more than two decades, people with ambitions of paying for their loved one’s college education have been able to set aside money into tax-favored accounts.

Investments Article

Economic Indicators and the Market

This month I'm going to bring you up to date for the quarter. I'll discuss economic indicators like interest rates so far this quarter, year-to-date, and over the last 12 months. We'll also take a look at the markets over the second quarter and cover a little about precious metals, consumer...

Retirement Article

How is My Retirement Income Taxed?

It depends. If you have been saving for your retirement by using tax-deferred accounts such as traditional IRA, 401(k), etc. Uncle Sam’s buddies at the IRS will demand a chunk of any withdrawal that you make. Pension payments are most likely subject to federal income tax too. If this weren’t depressing enough, your Social Security benefits may be taxed also.

Retirement Article

What is a QCD? Qualified Charitable Distribution

For those of you who are charitably inclined, and have an IRA (Individual Retirement Account) or 401(k), or another type of retirement plan, you may want to know more about a qualified charitable distribution (QCD). A QCD may be used by owners of retirement accounts who are at least 70 ½ years of age. A QCD provides tax benefits to the account owner that they may not have been eligible for prior to reaching the age of 70 ½.

Investments Article

How Likely is the Fed to Cut Interest Rates?

The question of the day is, how likely is the Fed to cut interest rates in the near term? Their rhetoric has certainly picked up. Last year’s rate hike in December—seen by many as a “mistake” was a continuation of the normalization of monetary policy that began in 2016. This is in contrast to the Fed’s sharp about-face not two months later, where rate hikes were effectively put on pause.

Investments Article

Financial Planning Lessons from Chernobyl

HBO’s Chernobyl is a five-part mini-series that dramatizes the story about the nuclear disaster that took place in 1986 in northern Ukraine. It just wrapped up a few weeks ago. It was one of the best shows I’ve ever seen on TV. My wife, Lauren, and I were hooked from the start. Spoiler Alert! for those interested in seeing the show but haven't or are unaware of the events of Chernobyl.

Retirement Article

New Retirement Bill, the SECURE Act

JoAnn Huber, our CPA, learned about a fascinating new retirement bill that has passed the House and is likely to pass the Senate because it is believed that only six senators today are against it. So, it’s likely to become law. To set the stage, this new retirement bill could impact tax law.

Retirement Article

Social Security Trust Fund in the News Again

You're probably aware that there are numerous issues surrounding the Social Security Trust Fund, and its ability to pay benefits into the future. Just this past April, the annual Social Security Trustees’ report pegs the trust fund to be depleted by 2035. There’s been a lot of talk about “fixes” for the system.

Retirement Article

Taxes in Retirement

It's the things that you think you know about, that just isn't so that gets you in trouble, and taxes in retirement is one of those things. Many people believe they're going to be in a lower tax bracket in retirement. Or that it doesn't matter where they get their income from in retirement, that it's all going to be the same.

Retirement Article

Happiness and Your Financial Life

I want to walk you through the importance of building a personal financial plan. But before I get to that, I want to talk to you about some interesting statistics on happiness.

Investments Article

10-Year Treasury and Market Volatility

One thing is for certain; May was an exciting month overall - we have some updates on the 10-year Treasury, tons of news, lots of talk about the trade war with China, lots of talk about this new trade tariff deal that Trump is threatening on Mexico, and the markets are in a turmoil for May.

Retirement Article

Investing for Retirement

History has shown that mixing those three types of investments in your portfolio can increase your risk-adjusted returns.

Retirement Article

Financial Planning Blind Spots

We're talking about financial planning blind spots this week on America's Wealth Management Show. Financial planning blind spots are in your path to and through retirement, and there are many of them. By definition, a blind spot is something that you don't know exists, and that can cause a lot of accidents.

Investments Article

US Stocks: Investing for Retirement

Today we’ll be looking at what is arguably the most discussed part of your investment portfolio, US stocks. If you missed the last two installments of our Investing for Retirement series be sure to check them out. They were on bonds and international stocks. Turn on CNBC (no financial planner has never said this phrase before, probably), and you’ll be updated every minute of the day as to how this asset class is performing in bright, bold numbers. If you get online, watch TV, or listen to the radio throughout the day...

Retirement Article

Bonds: Investing for Retirement

Often, when discussing portfolio allocations with clients, we will get asked a question or two that goes something like this, "The Federal Reserve is raising interest rates. Why would I want to own bonds?" or "Yields on bonds are pretty low, shouldn't I just own dividend-paying stocks instead?" or "Bonds aren't making any money, look how much they lagged behind stocks. Tell me again; why do I want to own those?"

Retirement Article

International Stocks: Investing for Retirement

In our last post, we looked at how bonds can fit into a diversified portfolio. Today, we are looking overseas, and why you might want to own international stocks to be truly diversified. When you look at the stock (equities) portion of your portfolio, you have an important decision to make.

Investments Article

Bear Markets and Your Retirement

Let's imagine that you are 60 years old, and you've saved well. You've got a good amount of money in your 401(k). You know that you're going to have your Social Security and your spouse is going to have their Social Security. You save some money outside the 401(k). You've enjoyed a good, nice run in the markets, and it's October of 2007. The bear markets of the Great Recession is around the corner.

Investments Article

Qualified Charitable Distributions and Your Taxes

Let's talk about QCDs, qualified charitable distributions. Now, QCDs are something that's been around for a number of years - yet hasn't been talked about. However, thanks to the Tax Cuts and Jobs Act, it's really become something that is a windfall to a lot of people if they understand how to utilize the QCD.

Investments Article

Interest Rates and the Yield Curve

Hi, I'm Dean Barber,  Founder, and CEO of Modern Wealth Management. It's May 1st. Welcome to the economic update. Today we're reviewing a little bit about what the markets have done so far this year, where they're at today, and what's changed since the 4th quarter of 2018. We're going to discuss interest rates and the yield curve to give you an idea we are today. We'll talk about what we're thinking about the markets and what we're thinking about the economy. As well as what some of the indicators out there are telling us today.

Investments Article

Recessions and Bear Markets

According to JP Morgan, there have been 11 recessions in the US since the end of WWII. Recessions are defined as two consecutive quarters (6 months) of negative growth in gross domestic product or GDP. GDP is a measurement of our overall economic and business activity.

Retirement Article

Making a Budget for Retirement

Are you close to retirement or at least can see it getting closer on the horizon? If so, thumbs up to you! Retirement is a major achievement but also one of the most common.

Retirement Article

Questions About Required Minimum Distributions (RMDs)

Our CPAs at Modern Wealth Management often get questions about Required Minimum Distributions (RMDs). It’s a new thing for people. Once they turn 70½, they have...

Investments Article

DIY Your Retirement, Can it Really Be Done?

There are thousands of online resources and books that claim to teach you how to DIY (do-it-yourself) your retirement. But is it really possible and does it work?

Retirement Article

Could You Be Audited This Year?

There are certain pieces of mail that no one wants to see in their mailbox, and I’m not just talking about the normal electric bill. Notices of jury duty, legal matters, and one of the most dreaded pieces of certified mail?