Audio: Key Advice from The Lange Money Hour
There's lots of great information in each episode of The Lange Money Hour: Where Smart Money Talks. Here, we compiled some of the most informative clips from the show. Remember, each show is available to listen to in its entirety right here on RetireSecure.com.
From January 28th Show – “Don’t Run Out of Money in Retirement”:
1. Jim Lange discusses the difference between a traditional IRA and a Roth IRA.
2. A tax-law change in 2010 will make Roth IRA conversions available to all taxpayers. Jim shares how this could be beneficial to you and your heirs.
From March 25th Show with 'America's’ IRA Expert' Ed Slott:
3. Ed Slott explains why life insurance is important for the surviving spouse.
4: Ed weighs in on Jim’s strategy of using second-to-die life insurance as an estate planning tool.
5: Ed Slott talks about why the 2009 RMD suspension has created a great opportunity for seniors to convert to a Roth IRA.
6: Picking a financial advisor can be tricky – Ed Slott offers some tips.
From April 8th Tax Show With Steve Kohman, CPA, Certified Valuation Analyst and 15-year veteran with Lange Financial group LLC:
7: Steve Kohman talks about the first-time homebuyer refundable tax credit. If you buy a home in 2009, don’t miss this tax credit.
8: If you visit a financial professional for the first time (either for taxes or overall strategy), what do you need to bring?
From April 22nd Show With Paul Merriman, founder of Merriman, expert on mutual fund investing and author of Live it Up Without Outliving Your Money:
9: Guest Paul Merriman discusses a safe withdrawal rate once you retire. How much can you safely spend if you have $1 million in your retirement plan?
10: Jim and Paul Merriman share their thoughts on the biggest mistake that investors make.
From May 6th Show about the best estate plan for most IRA and retirement plan owners, Lange’s Cascading Beneficiary Plan:
11: Jim calls his estate plan – Lange’s Cascading Beneficiary Plan – the best estate plan for most traditional families. How does LCBP work?
12: How does Lange’s Cascading Beneficiary Plan work if one spouse is already deceased?
From May 20th Show With Bob Keebler – recognized by CPA Magazine as one of the top 100 Most Influential CPAs in America in 2003, 2004, 2005 & 2006:
13: In the down economy, Bob Keebler has been using the strategy of tax-loss harvesting during the course of the year (rather than just at the end of the year). Here’s how it works:
14: How can you protect your assets in retirement? Jim and Bob Keebler offer a couple of techniques.
From June 3rd Show With Tom Crowley, Senior Wealth Planner and VP at PNC Wealth Management:
15: Jim is not of fan of naming a QTIP Trust as beneficiary of an IRA or retirement plan. Tom Crowley of PNC Wealth Management explains why he sometimes uses QTIP trusts (even if they cause tax problems).
16: If you want to leave money to your favorite charity, should you establish a charitable trust? Jim Lange goes through the options.
From June 17th Show – What to do if You’re “Close to or at Retirement:”
17: When you retire, many advisors tell you to roll your 401(k) into an IRA. Jim says “not so fast” – there are a couple of advantages to leaving your money in your 401(k).
18: One of Jim’s favorite new strategies is the One-person 401(k). What is it and how does it work?
From July 1st Show With Tom Hall of Pittsburgh Brokerage/Capitas Financial on an alternative to Long-term Care Insurance:
19: Jim explains why, in many cases, he typically has advised clients to purchase life insurance instead of long-term care insurance.
20: Jim and Tom are both excited about a new alternative to long-term care insurance. This product gives you the benefits of both life insurance and long-term care insurance.
21: Jim frequently recommends second-to-die life insurance as an estate planning tool.
From July 15th Show With Natalie Choate, one of the world’s top IRA and retirement plan educators:
22: Correctly titling your retirement plan is critical. Natalie Choate describes the problems that occur if an inherited IRA is not correctly titled.
23: Natalie Choate always has her clients name a contingent beneficiary as well as a beneficiary – here’s why.
24: What does Natalie claim is the most overlooked income-tax deduction in America?
25: There are ways to make a Roth IRA conversion without paying taxes!
From the July 29th Show with Neale Godfrey, author of the New York Times #1 best-seller Money Doesn’t Grow on Trees and founder of The Children’s Financial Network:
28: How should you handle adult children moving back in with you?
From August 12th Show on Roth IRAs and Roth IRA Conversions with IRA Expert, Barry Picker, CPA/PFS, CFP:
30: Jim reveals what he did with his money.
31: What if you make a Roth IRA conversion and the value declines?
From August 26th show with Kim Kiyosaki, author of the book Rich Woman and host of the PBS special Finding the Rich Woman in You:
From the September 9th Show with Blaine Aikin, President and CEO of Fiduciary360 (fi360).
35. In the wake of numerous financial scandals, Congress is currently reviewing several proposals concerning regulatory reform. Blaine describes how these changes would affect the average investor
36. There is a difference between the company that’s holding your money and the advisor that is giving you advice. Knowing this difference and how to look at your statements could save you from getting scammed
37. When selecting an advisor, Blaine cautions not to trust only recommendations
38. Here’s what you can do to make your voice heard in Washington, D.C. about regulatory reform
From the September 23rd Show with Jim’s Favorite Financial Writer, Jonathan Clements. (Jonathan was the top personal finance columnist for The Wall Street Journal for 18 years and he’s the author of the book The Little Book of Main Street Money).
39. Jonathan proposes an interesting strategy concerning stocks and bonds in your portfolio
40. Contrary to what most people advise, Jonathan says to buy “experiences” – not “things”
41. Jonathan believes that you should fund your retirement before you fund your child’s college education
42. Jonathan and Jim discuss investment strategies if you will retire with a pension
43. Like Jim, Jonathan likes immediate fixed annuities in retirement
From the October 7th Show with Charlie Smith, Chief Investment Officer of Fort Pitt Capital Group. Charlie took at look at the current economic environment and what we can expect in the near future.
44. The market hit rock bottom in March 2009 and has since started to rebound. Does Charlie think we will ever see a low like that again?
45. Charlie’s thoughts on the recession (are we still in one) and unemployment figures
46. Should we be concerned about the Chinese economy?
From the October 21st Show – Jim Lange with an in-depth look into Roth IRAs/Roth IRA conversions and the tax-law change which begins on January 1, 2010.
47. Jim Lange on “the secret” to understanding Roth IRA conversions
48. Why 2009 is a great year for seniors to make a Roth IRA conversion
49. A South Hills listener has a questions about Roth 401(k)s
50. A listener e-mailed a question about spreading the income over 2011 and 2012 when they do a Roth IRA conversion in 2020
From the November 4th Show with Lange Team Member, Diane Markel, CPA – together with Jim Lange, Diane Offers Year-End Tax-Planning Tips.
51. Energy Incentives have become even more generous
52. There are several things to consider before making an energy efficient purchase
53. The tax credit for education expenses for 2009 and 2010 is $2,500 if a student has at least $4,000 in expenses. Plus – there’s an added bonus.