Retire With Integrity Podcast With Brian Bowen

Oh there's a lot to get through in this episode.  Brian and Brett talk about the guy who was behind the movie The Big Short and his predictions for the economy .  Also, the current state of the real estate market and what the means for us in retirement as well as how important is a perfect credit score of 850, really?  And, if you're a coffee drinker, a new study out shows the relationship between caffiene and how much you spend.  Listen to find out what that's all about.   Here are the topics Brian talks about on today’s show: ·         The Big Short  (1:40) ·         Real Estate Stand Off (3:07) ·         Credit Score of 850 (11:57 ) ·         The cost of cleaning up greenhouse gasses?  (18:45) 

In this episode Brian and Brett talk about market fears and if those afraid to stay in the market find gold to be the answer.  Also, how big is the credit card debt in our country? Brian talks about how big it really is and how this happened. A long time company goes bankrupt and what that could mean to all of us. Plus, has it really come tho this?  Stores having to lock up ice cream, listen to find out why.     Here are the topics Brian talks about on today’s show: ·         Yellow Freight Bankruptcy   (7:40) ·         Is gold the answer (12:00) ·         Credit card debt is huge (12:55) ·         Are we in for a hard or soft landing?  (16:10) 

Thios week Brian & Brett discuss everything from the hazards of pickleball to truly understanding what you have financially.  Brian discusses how to best plan for retirement now that we as a group are living longer.  Also, understanding financial risk and how far are you willing to go with it.  Do you truly understand where you are financially?  A lot of us don't so Brian talks abotu the best ways to bring your financial picture into focus. Here are the topics Brian talks about on today’s show: ·         Financial Risks   (7:40) ·         Legacy Planning (12:00) ·         Understanding Your Finances(7:21)      

In this episode, Brian and Brett talk about a lot of things concerning your retirement.  They discuss a strategy known as the "do nothing portfolio" and whether that's a good idea or not.  Also the perils of not having an estate plan in place as well as what are the top 10 worst states to live in?  FInd out why in this episode.     Here are the questions Brian answers on today’s show: ·         Worst States  (:50) ·         Do Nothing Portfolio (2:05) ·         Estate Planning (7:21) ·          The Inbox - How To Sell Your Business (18:50)

In this episode, Brian Bowen talks about the expected increases to Medicare.  Are you ready for these kinds of things in retirement?  Having a financial plan for your retirement years that anticipates all the obstacles is just what Brian and his team can help with.  Also, Brian and Brett talk about Artifical Intelligence (AI) and it's effect on our day to day lives as well as the phenomenon of phubbing.  What is phubbing? Listen to fine out. Here are the questions Brian answers on today’s show: ·         Phubbing  (1:27) ·         A.I. (5:36) ·         Wind Power Or nOt To Wind Power (12:46) ·         Rising cost of Medicare(19:30)  

In this episode, Brian & Brett talk about a new scam to watch out for, this one is aimed at buisiness owners.  Also, why is Costco talking recession and why it is so important to actually listen to the fiduciary from whom you're seeking advice.    Here are the questions Brian answers on today’s show: ·         Costco talks recession (0:33) ·         ERC Tax Break Scams (6:31 ) ·         Listen To Your Gut? (15:10) 

When you’ve made your small business both your livelihood and retirement plan, there’s a lot to sort out when you’re ready to sell it. Brian answers a question from the mailbag from someone ready to wash his hands of owning and running a storage facility. What can he do to avoid a big tax bill?   Here are the questions Brian answers on today’s show: Mailbag: Ready to sell a storage unit facility, but how can I limit my taxes? (0:20) Mailbag: What should I know about a charitable lead trust? (12:04) How do I teach the next generation? (19:04)    Get Additional Information: https://financialplanningva.com/podcast/

Are you prone to making these major mistakes when it comes to taxes and overpaying? You have to be looking at your income and looking at your deductions and strategize in order to avoid major tax mistakes. Are you doing everything you can do? One of the keys to cutting taxes is timing. What other strategies should you keep in mind?   Here’s what you’ll learn on today’s show:  What are the most expensive tax mistakes? (0:12) Pay attention to what you’re going to pay in taxes. (4:28) Realize that the calendar can be used to your benefit. (5:32) Missing depreciation is a big mistake. (8:17) Don’t overlook medical expenses. (15:19) You don’t want to forget about car and truck expenses. (19:56) Skipping a plan for your taxes is a huge mistake. (22:34)   Get Additional Information: https://financialplanningva.com/podcast/

We all have things that bother us. What kinds of things bother financial advisors like Brian? In this episode, Brian shares his biggest pet peeves in the financial industry, such as hidden fees, and how he advises his clients about them. He also answers a question from the listener mailbag and sheds light on the private wealth division.    Here’s what we talk about on today’s show:    Mailbag: What do I do about taxes when selling an apartment building? (0:12) Pet peeve: Hidden fees! (11:34) What qualifies Integrity Financial Planning to work in the private wealth division? (17:19)   Get Additional Information: https://financialplanningva.com/podcast/  

It’s quiz time! How would you grade your financial competency? Join us as we ask some critical questions when it comes to your finances.  Stay tuned and test your knowledge by seeing how many of these questions you can answer! At the end of this episode, Brian will also answer a few questions from the mailbag.    Here are the quiz questions as well as two questions Brian answers from the mailbag:     Do you know how much you have? (0:29) Do you know how much risk you have? (5:37) Do you know what you’re paying in fees? (8:25) Mailbag: I’m a beneficiary of my sister’s life insurance, but her ex says it should be his. (11:07) Mailbag: Is it true that I need 15-20 times my annual salary saved to retire comfortably? (18:58)   Get Additional Information: https://financialplanningva.com/podcast/

What financial commandments should you be following? In this episode, we talk through what “thou shall” and “shall not” do when it comes to your finances and retirement planning. Brian shares some client examples of what this can look like and how to stay on the straight and narrow in order to reach your financial goals.    But before we jump in, we'll talk through some market predictions, how your net worth could be impacted by the current environment, and what to keep an eye on in the coming months. Stay tuned for some valuable insights and tips for making more informed financial decisions.    Here’s what you’ll learn on today’s show:    What should high net-worth individuals watch out for the next several months? (0:12) Will the Fed reverse the rate hike? (9:22) Thou shall not compare your investments to the stock market without the proper context. (11:40) Thou shall not give up before giving your strategy enough time. (15:15) Thou shall not chase big returns too late in life. (18:12) Thou

One listener recently inherited her father’s farm and an IRA and is thinking about cashing it all out in order to retire. Is this a good plan? In this episode, Brian reflects on some of his own experiences with moving and selling farm property and also shares his philosophy as a financial planner.     He's what we'll discuss in this episode:   Mailbag: After inheriting the family farm, is there anything wrong with selling it and retiring? (0:12) What is Brian’s financial planning philosophy? (11:33) What happens when people take the right amount of risk? (15:15)   Get Additional Information: https://financialplanningva.com/podcast/    

When you meet with a financial advisor are they addressing your entire portfolio? More than simply IRAs and Roth investments, your advisor should see the whole picture. A major part of the picture is understanding tax-efficient investing. From 1031 exchanges to municipal bonds, you want to make sure to leverage your best options.   It’s also important to understand what your life looks like in retirement and how your investments will support that lifestyle. In this episode, Brian answers two questions from business owners trying to understand their best options moving forward.    Here’s what we cover on today’s show:   What are tax-efficient investments? (0:13) A 1031 exchange could be a good option. (2:52) What can you do with real estate when in retirement? (5:56) Mailbag: Will selling my business provide enough income in retirement? (11:37) Mailbag: What should I do about my inherited pizzeria business? (18:26)    Get Additional Information: https://financialplanningva.com/podcast/  

What if you could reduce one of your biggest expenses? For some, taxes are a major expense, so it’s vital that you are strategic about your taxes, both now and in the future. If your tax rate is in the high 20s and 30s, that bill could amount to a high portion of your total costs. In this episode, Brian talks through several strategies people consider when it comes to minimizing taxes and whether you should incorporate them into your financial plan.   Here’s what you’ll learn on today’s show: How can you reduce your biggest expense? (0:12) Should you max out retirement accounts? (11:44) What is a back-door Roth? (12:34) Should you contribute to an HSA? (15:36)   Is it worth contributing to a 529? (16:30) How should you use charitable gifting strategies? (17:58) There’s a new lottery winner in Virginia. (19:45)   Get Additional Information: https://financialplanningva.com/podcast/      

What does it mean to be an accredited investor? Brian talks about what’s required and what it looks like if you qualify. The options are different for an accredited investor, which has come up for some of his clients in need of creative solutions such as a 1031 exchange. Another question is, are reverse 1031 exchanges legal? Later in the show, Brian shares about helping his clients through a 1031 exchange.   Here’s what you’ll learn in today’s show:  What is the role of an accredited investor? (0:21) Are reverse 1031 exchanges legal? (9:45) Do I need to save more for retirement to maintain my lifestyle? (12:49) What client examples does Brian have about 1031 exchanges? (19:36)    Get Additional Information: https://financialplanningva.com/podcast/  

Knowing what we know now, past decisions might have been made differently. As the saying goes, hindsight is 20/20. When it comes to investing money, you don’t want to make detrimental mistakes that will leave you wishing you’d made different decisions in the past. In today’s episode, we’ll discuss why you shouldn’t take the same financial risks in retirement as you might have in your 30s and 40s.    Here’s what we’ll discuss on today’s show:  An example of how investors can make emotional decisions. (0:30) Not realizing how much risk you had moving into retirement. (5:33) Wishing you waited to take Social Security options. (6:40) Mailbag: Can I do a 1031 exchange? (10:50)       New major business coming to Virginia. (18:13)   Get Additional Information: https://financialplanningva.com/podcast/  

Are you ready for some spring cleaning? More than just your closet or garage, you might want to assess what’s in your financial closet. You might not want to address everything in there, but it would be wise to review it with your advisor. We’ve all made bad financial decisions, you just have to learn from them. In this episode, Brian shares some tips on how to clean up your financial closet.  Here’s what you’ll learn on today’s show: Visiting with a financial advisor is like opening up a financial closet. (1:39) Why Brian enjoys the process of organizing financial messes. (5:50) How can you start to begin organizing your financial life? (8:19) Mailbag: Business owner, ready to retire. What now? (11:50)   Mailbag: Do I have to take a distribution every year on an inherited IRA? (18:55)   Get Additional Information: https://financialplanningva.com/podcast/  

From financial plans to home remodeling, it’s common to be tempted to DIY your way there. But should you? When you do it on your own, you may be swayed by emotions or confusion. Financial planning can be complicated. Have you thought about taxes or estate planning or when to withdraw and from where?   Having a financial advisor can help navigate those emotions and decisions so you can feel more at ease. From retirement income to tax strategies on an investment property, Brian shares what options you might have.    Here’s what you’ll learn on today’s show:  Why shouldn’t you plan retirement by yourself? (0:12) What having a pension can look like. (4:06) Tax planning plays a key role in financial planning. (7:42) Is there such thing as guaranteed income in retirement? (11:14) Bonds are more predictable but still not guaranteed. (15:47) Mailbag: What do we do about the taxes on selling our lake house? (18:46)   Get Additional Information: https://financialplanningva.com/podcast/  

If you are a small business owner (or want to be), there are a lot of financial decisions you have to make. From investing in the right industries to knowing how to sell the business when you are ready to retire, a good financial advisor can point you in the right direction. Brian answers three questions from the mailbag that cover selling a business, being strategic about your business taxes, and learning more about real estate investment trusts vs. owning real estate.  Here’s what you’ll hear on today’s show:    ·        Mailbag: What should I know about selling a business to retire? (0:12) ·        Mailbag: Where do we begin with business taxes and depreciation? (11:11) ·        Mailbag: What is real estate investment trust? (18:07) Get Additional Information: https://financialplanningva.com/podcast/

There are a number of common questions that come up around owning a home. From paying off the mortgage quick to selling off several acres of land, Brian shares what you need to know about this important asset. You may be surprised to learn how important your tax strategy is when it comes to real estate investments.   Here’s what you’ll hear on today’s show:  Should I try to pay off my home quickly? (0:27) Your first call should be to a financial planner before a realtor before selling major real estate. (2:21) Tax strategies can impact your financial decisions about selling real estate. (4:35) How has Brian helped women navigate becoming a widow from a financial standpoint? (11:31) Mailbag: Should I have all my investment, taxes, and legal documents all handled by the same firm? (19:34)   Get Additional Information: https://financialplanningva.com/podcast/