Takeaways from todays episode: Inflation and interest rates can have a significant impact on the economy and individuals' finances. Optimizing Social Security benefits is crucial for maximizing retirement income. Retirement planning should consider unexpected costs, such as long-term care and home repairs. Tax planning is essential to reduce or eliminate taxes in retirement. Insurance products can provide asset protection and income guarantees in retirement. Call Steve today for your FREE Comprehensive Retirement Plan! 

In this episode, Steve discusses some of the common mistakes of fixating on a single retirement savings number and offers potential insights into more effective planning strategies. With a focus on compound interest and starting early, Steve breaks down the power of consistent savings and the impact it can have on your retirement nest egg. Additionally, the episode explores the often-misunderstood world of annuities. Steve debunks myths surrounding annuities and explains the different types available, emphasizing the importance of choosing the right tool for your financial goals. From fixed annuities to indexed annuities, listeners could gain valuable knowledge about the potential ways annuities can play a role in helping secure guaranteed income for retirement. Get your Comprehensive Retirement Plan TODAY! 

Are you worried about a recession or excited about a bull market? On this episode  Steve cuts through the noise and discusses navigating the current market, Social Security optimization, and the key questions to ask when choosing a financial advisor. You'll also learn ways to help avoid costly mistakes when rolling over your 401k! Get your FREE Retirement Income Plan TODAY! 

Learn why delaying Social Security could lead to significant increases in your benefits and discover strategies to help make the most out of your retirement planning. Steve provides valuable advice on spousal benefits and explains ways to navigate the complexities of Social Security optimization. In addition, delve into the fascinating world of financial social media as Steve discusses the implications of sharing personal information online. From initial meetings with financial advisors to comprehensive retirement planning, Steve offers experienced guidance to help you achieve financial confidence and obtain your retirement goals. Get your Complimentary CUSTOM Retirement Income Plan!  

In this episode, we delve into two critical topics: Social Security and airline passenger rules. Did you know that a recent poll revealed shocking statistics about Social Security knowledge among near retirees? With 41% failing a basic Social Security quiz, it's evident that understanding this crucial retirement benefit is more important than ever. Join us as we uncover the fundamental facts about Social Security and explore strategies for optimizing your benefits. From knowing the optimal age to claim benefits to understanding survivor benefits and tax implications, we provide actionable insights to help you make informed decisions about your retirement future. Get Your CUSTOM Comprehensive Retirement Plan TODAY! 

In this episode, Steve explores the critical topics of long-term care expenses and protecting investments amidst market volatility. Discover the staggering variations in long-term care costs across different states and gain insights into why planning for this inevitable expense is vital. Steve shares personal experiences that led him to prioritize long-term care planning, emphasizing the importance of building comprehensive strategies rather than relying solely on traditional insurance products. Learn about alternative solutions for long-term care, including annuities with chronic illness riders and indexed universal life policies, tailored to provide both protection and potential growth. Steve highlights the significance of aligning investment strategies with individual needs and risk tolerance, especially for those nearing retirement. Understand the implications of market downturns on retirement portfolios and explore proactive measures to mitigate risks while aiming for steady growth. Call Steve today for your complimentary Retirement Review! 

Today's big question revolves around the essential document many overlook come April 15th. In a comical yet cautionary tale, we explore the consequences of neglecting tax returns, as hilariously illustrated by a segment from Judge Judy. But beyond the annual chore of filing taxes lies a deeper concern: minimizing tax bills in retirement. Join Steve as he delves into the intricacies of tax planning, drawing from his extensive experience in the accounting world. Steve challenges the conventional wisdom of deferring taxes, highlighting the potential pitfalls of overlooking long-term tax implications. From the tax-deferred promises of IRAs and 401(k)s to the looming threat of future tax hikes, Steve offers valuable insights into the evolving landscape of taxation. He emphasizes the importance of proactive tax strategies, such as Roth conversions, particularly in today's historically low tax environment. Moreover, for business owners and individuals with substantial capital gains, Steve explores innovative tax strategies to mitigate tax burdens effectively.   For personalized tax analysis and expert guidance, call Steve today!  

With over 12,000 individuals reaching the age of 65 daily, the landscape of retirement is rapidly evolving. In this episode, Steve sheds light on the nuances of Medicare enrollment, offering invaluable insights into navigating the complexities of healthcare coverage during retirement. Steve's expertise extends beyond retirement age demographics to encompass portfolio rebalancing strategies. Addressing common misconceptions surrounding 401(k) plans and IRA rollovers, Steve provides clarity on tax implications and investment diversification. By exploring alternative investment options and personalized risk assessments, Steve empowers listeners to optimize their retirement savings and mitigate financial risks. Want to meet with Steve and put together a personalized retirement plan? Call Steve today! 

Drawing from a powerful anecdote and insights from financial services, Steve emphasizes the necessity of legal documents like wills, trusts, and powers of attorney to ensure your wishes are honored and your loved ones are spared from potential legal turmoil. Additionally, the episode explores Kevin O'Leary's bold assertion that $5 million is the magic number for retirement, prompting a discussion on income planning, tax strategies, and the importance of tailored financial plans. SCHEDULE A QUICK 15-MINUTE CALL WITH AUL FINANCIAL TODAY TO DISCUSS YOUR QUESTIONS ABOUT TODAY'S MARKET!

Steve delves into the startling statistics revealing the impact of divorce on wealth and standard of living, particularly in what experts term "Gray divorce." Through real-life scenarios like Sally's unexpected divorce, Steve highlights the emotional turmoil and financial complexities that accompany such life-changing events. From asset division dilemmas to the intricacies of retirement income planning post-divorce, Steve provides invaluable insights and practical strategies. He emphasizes the importance of seeking professional guidance to ensure fair asset allocation and long-term financial security during this challenging period. Furthermore, Steve discusses essential considerations in retirement planning, including Social Security optimization, legacy planning, and tax-efficient strategies. He addresses common concerns such as retirement income sustainability and the potential impact of future tax scenarios. For your Portfolio Review and SS Optimization Report - CALL STEVE TODAY! 

Join Steve as he navigates the complexities of long-term care planning, drawing from personal experiences and industry experience to offer actionable insights and potential solutions. From the sobering reality of out-of-pocket caregiving costs to the importance of comprehensive planning, Steve addresses common misconceptions and helps empower listeners to take proactive steps towards financial security. Delving into topics such as traditional long-term care insurance, alternative coverage options, and the impact of inflation on retirement expenses, Steve provides practical guidance to help listeners preserve their financial future. Call Steve today for your Complimentary LTC Plan! 

Join Steve as he discusses the remarkable story of Magic Johnson, whose diverse investments catapulted his wealth far beyond his earnings from basketball. Discover practical strategies for replacing your paycheck in retirement, even if you don't have Magic Johnson's financial resources. Steve shares real-life examples and explains three key approaches to bridging the income gap during retirement, including utilizing the 4% rule, building a dividend or bond portfolio, and leveraging fixed indexed annuities with income riders. As concerns about market volatility loom, Steve addresses the predictions of economist Harry Dent regarding a potential market crash. Gain insights into the risks and rewards of market timing and learn why building a well-balanced investment portfolio is crucial for long-term financial success. For your custom Income Plan, call Steve today! 

Inspired by insights from the real-life "Wolf on Wall Street," Jordan Belfort, Steve and his co-host dive into the challenges of trading on financial news predictions. Discover the pitfalls of relying on market forecasts and the importance of a comprehensive financial plan. The hosts share anecdotes from the past, highlighting the dangers of blindly following stock tips. Is your 401K enough for a secure retirement? Steve breaks down the limitations of contribution levels, fees, and taxes associated with 401Ks. Learn how to make your 401K work smarter and harder for you, considering factors like optimizing Social Security, tax strategies, and estate planning. Call Steve today for your complimentary 401K Review! 

Contrary to the assumption of a comfortable retirement, a recent study reveals that fewer than half of Americans aged 65 to 74 have saved enough. Steve discusses the potential burden on the children when long-term care needs arise and explores strategies to make the right adjustments before it's too late. Discover the often overlooked aspect of long-term care planning and the various options, including insurance products with chronic illness riders. Then, Steve addresses the looming tax time bombs, especially as the Trump tax cuts are set to expire in two years. With insights into the changing tax landscape and the impact on inherited IRAs, Steve emphasizes the importance of tax planning to prevent passing on a substantial tax burden to the next generation. Learn how reducing or eliminating taxes can contribute to a successful retirement return. Don't let your hard-earned money become a financial burden for your loved ones.   Call Steve today for your complimentary Comprehensive Retirement Plan! 

Join Steve All on the All Financial Hour podcast as he delves into the potential expiration of the Trump tax cuts in 2024. With uncertainty looming, Steve discusses the impact on individual tax rates, standard deductions, and estate tax exemptions. Learn about the possible changes and how it may affect your financial landscape. Steve explores proactive strategies, including Roth conversions, to mitigate legislative risks and optimize your tax situation. In the second part of the episode, Steve addresses a listener's query about generating passive income from a $1 million investment. He emphasizes the importance of a personalized financial plan, considering factors like tax implications, lifestyle needs, and legacy planning.   For your complimentary Tax Analysis - call Steve Today! 

In this episode, Steve dives into the common myths surrounding retirement, challenging conventional financial wisdom. Is the belief that retirees will be in a lower tax bracket a myth? Forbes suggests it might be, and Steve shares insights into tax considerations in retirement planning. Plus, the hosts discuss the fascinating retirement plans of legendary filmmaker Tyler Perry and his creative approach to winding down.  Call Steve today for your complimentary income plan! 

The episode unfolds the origins of target date funds, born out of the overwhelming choices investors faced in the late '90s. Steve sheds light on the limitations of these funds, emphasizing their focus solely on retirement date without considering individual risk tolerance, additional assets, or other crucial factors. Learn about the impact of market crashes on investment strategies and why target date funds gained popularity despite their drawbacks. As the discussion turns to the pivotal age of 59 1/2, Steve explores the option to move funds out of a 401K into an IRA for more diverse investment opportunities. Discover the benefits of seeking professional advice to analyze your 401K, understand costs, and explore alternative investment options. Steve emphasizes the importance of maximizing returns with minimal risk in your retirement journey, making every effort to ensure your financial well-being. Call Steve today for your complimentary Portfolio Review! 

In this episode, Steve reflects on the importance of estate planning, emphasizing the need to align financial goals with individual values. From considerations of tax efficiency to leaving a lasting legacy, the hosts delve into the various aspects of estate planning, including wills, trusts, and the vital role of powers of attorney. The episode challenges listeners to think beyond the dollars and cents, encouraging them to create meaningful memories for their families. Steve shares personal experiences, emphasizing the significance of family vacations and the lasting impact they can have on generations. Tune in for expert insights on estate planning, including the importance of having the right legal documents in place, such as powers of attorney.  For those considering their own legacy, call Steve today for your complimentary Legacy Plan! 

In this episode, Steve delves into the increasingly popular topic of 401K rollovers. A recent study reveals a surge of interest, with a projected 760 billion dollars in rollovers this year alone. Join Steve as he breaks down the intricacies of rollovers and how they can play a crucial role in your retirement planning. Discover four options available when dealing with a 401K. Steve sheds light on leaving it with the current employer, moving it to a new employer, rolling it over to an IRA, or even opting for a taxed event by writing a check.   Steve emphasizes the significance of personalized guidance during rollover decisions, especially for those aged 59 1/2 and above. He shares his experience in navigating the complex landscape of different 401K plans, discussing costs, processes, and potential challenges. Learn how a simple phone call can potentially uncover essential details about your 401K and help pave the way for informed decision-making. Steve walks you through the steps, from gathering information to executing the rollover, ensuring a smooth transition to a new custodian, such as Fidelity or Charles Schwab. If you're over 59 1/2 and contemplating a 401K rollover, Call now to explore your rollover possibilities and take a proactive step toward helping secure your financial future. 

In this eye-opening discussion, Steve delves into a recent study that grades retirement systems worldwide. The surprising revelation? The U.S. is awarded no higher than a C+. The focus of concern? The impending solvency crisis of Social Security, projected to hit by 2033. As Steve points out, this could lead to potential cuts in benefits, affecting retirees across the nation. Steve gives valuable insights on how he helps clients navigate this uncertain future. Steve emphasizes the need to optimize Social Security benefits, considering factors like spousal benefits and means testing. Call Steve today for your Social Security risk score when you meet with Steve today!  For more information, visit aulfinancial.com and explore additional resources on retirement planning.

As we prepare to step into a new year, predictions about the market are everywhere. In this episode, Steve breaks down insights from portfolio manager Adam Hetz on CNBC, emphasizing the potential impact of historic spikes in interest rates on the market through 2024 and 2025. Steve discusses the importance of staying invested during uncertain times but lean towards a defensive approach. They explore the concept of defensive investing through higher quality equities and top-tier investment grade fixed income. As the financial landscape continues to evolve, the hosts delve into fixed index annuities as a valuable tool for protected growth, especially in the face of market volatility. Steve provides a comprehensive look at fixed index annuities, highlighting their flexibility and ability to shield investors from market downturns. He addresses common misconceptions surrounding annuities and introduces a strategic approach to utilizing these financial instruments based on individual needs. Whether you're seeking guaranteed income or protected growth, Steve offers valuable insights to help you make informed decisions. In a special segment, Steve introduces the concept of an "annuity X-ray" – a detailed analysis of existing annuities to optimize their performance within your portfolio. Listeners are encouraged to call in and request their personalized annuity X-ray to uncover potential opportunities for growth, income, and improved financial stability.

In this episode, we explore a tax-saving strategy that often goes unnoticed—Qualified Charitable Distributions (QCDs). As we approach the year-end, many individuals are considering charitable contributions, but not everyone can take advantage of tax breaks due to the standard deduction. However, for those aged 70 1/2 and older, QCDs offer a unique solution. Steve discusses insights from tax expert Ed Slott, who explains the mechanics of QCDs on Morningstar. QCDs involve making direct transfers from your IRA to a designated charity, allowing individuals to fulfill their charitable goals while reducing their Adjusted Gross Income (AGI). The tax advantages are substantial, with distributions from the IRA essentially taxed at 0%. Steve shares his enthusiasm for QCDs, emphasizing their potential to provide tax-free income during retirement. He breaks down the $100,000 limit on QCDs, with an inflation adjustment set to increase it to $105,000 in 2024. The episode delves into the significance of this strategy, especially for those over 70 1/2, as it enables them to contribute to charitable causes without incurring taxes. If you're seeking ways to reduce or eliminate taxes in retirement and ensure a successful financial future, call Steve today for a personalized tax analysis and discover how to pay the least amount of taxes over your lifetime.  

In this episode, we sit down with the legendary composer and record producer, David Foster, known for his remarkable work with artists like Céline Dion and Whitney Houston. Despite being a force in the music world, Foster shares his favorite financial advice, emphasizing the importance of saving and responsible spending. Then, Steve discusses the challenges individuals face when planning for retirement, especially if they haven't followed essential financial guidance. They explore the 80-10-10 rule, encouraging listeners to allocate 80% of their income wisely, give 10% to charity or their faith, and save 10-15% for retirement. The discussion delves into the difficulties of planning for retirement when individuals have overspent and the crucial role of self-discipline in financial well-being. Whether you're just starting to plan for retirement or looking for ways to recover from past financial missteps, this episode offers valuable insights. If you're seeking personalized advice, call Steve today for your complimentary Retirement income Review! 

Steve discusses the realities of the 9 to 5 grind and the financial challenges many face early in their careers. From TikTok woes to personal anecdotes, we discuss the pressures and stresses of the typical workday. Steve shares valuable insights on the importance of starting early when it comes to saving and investing, emphasizing the power of compound interest. Whether you're a recent graduate struggling with the daily commute or someone contemplating retirement, this episode is packed with actionable tips on building wealth and realizing your retirement dreams. Discover the secrets to financial success and learn how to retire comfortably by making informed decisions today.  Want to find balance in your retirement plan? Call Steve today for your complimentary Retirement Income Analysis! 

If you are flying United Airlines, get familiar with WILMA. United Airlines' new boarding process, named "Wilma," which prioritizes passengers based on their seat location - window, middle, or aisle. The goal is to enhance efficiency during the boarding process, ultimately reducing the time spent on the ground before takeoff.  Moving on to the world of finance, Steve delves into the strategy of tapping retirement funds and the shifting landscape of retirement income planning. He highlights the importance of optimizing the order in which you access your various retirement accounts to minimize taxes and maximize the benefits for both you and your heirs. Call Steve today for your complimentary Portfolio Review, making sure your income plan shows efficiency and balance! 

Taxes are an inevitability, and for many Americans, they represent a considerable financial burden. In this episode, Steve delves into a recent poll revealing that just over half of Americans believe their income taxes are unfair. As Steve points out, who really enjoys paying taxes? However, there's more to the story. The poll doesn't account for the impending expiration of the Trump tax cuts in 2025, which could have significant implications for taxpayers. The question arises: Is it time for proactive tax planning instead of waiting until the last minute? Steve highlights the changing landscape of tax planning. In the past, the focus was often on short-term savings, such as contributing to an IRA to reduce current-year taxes. But today, the game has shifted. Tax planning needs to extend beyond the micro view of a single year and encompass a lifetime perspective. Steve emphasizes the importance of considering not only the immediate savings but also the long-term consequences of tax decisions. For example, deferring taxes into the future was once seen as a wise move, but the reality has changed. People's lifestyles, tax brackets, and legislative risk all play vital roles in shaping the new tax planning landscape. Schedule Your Complimentary Tax Analysis with Steve Today!  💬 Engage, Share, and Learn even more with Steve and his team at The Aul Financial Group: Facebook YouTube

In this episode, we dive into the recently announced Cost of Living Adjustment (COLA) for Social Security benefits next year. The good news is that benefits will increase by 3.2% based on inflation, offering some relief to recipients. However, this increase is notably lower than the 8.7% hike from this year. We explore the potential impact of these changes on Social Security's future and whether they could put additional strain on the program's sustainability. With previous COLA raises of 5.9% and 8.7%, concerns arise about the program's longevity. As Steve explains, the issue of taxation of Social Security benefits is a crucial aspect to consider. With higher COLA raises, some beneficiaries might find themselves moving into higher tax brackets, resulting in a more substantial tax bill from Uncle Sam. Moreover, Steve addresses the broader issue of Social Security's sustainability and the potential need for legislative changes to save the program. He mentions the possibility of means-testing Social Security, where individuals with higher incomes might not receive full benefits. Tune in to gain valuable insights into the potential challenges of the Social Security program and the importance of sound financial and tax planning. Schedule Your Complimentary Social Security Optimization Report with Steve Today!  💬 Engage, Share, and Learn even more with Steve and his team at The Aul Financial Group: Facebook YouTube

In this episode, we navigate the ever-evolving landscape of financial investments and dive deep into legacy planning strategies to help preserve your legacy.  For the first time in over two decades, cash is offering higher returns than the S&P 500. Steve provides valuable insights into this trend, explaining how this shift may impact investment decisions and portfolio management. Steve also discusses the implications of this "new calculus" on investing, offering a fresh perspective on ways to help to grow your money.  Then, Steve addresses concerns about whether this trend is short-lived or a new investment era, drawing on historical lessons to provide clarity on the future of the financial markets. With higher interest rates, you'll discover how your financial options expand, especially regarding your emergency fund and retirement income planning.  Plus, if you're uncertain about your estate planning documents or want to adapt to this new investment era, Steve and his team are ready to guide you on the path to financial security and estate planning peace of mind. Then, Steve addresses concerns about whether this trend is short-lived or a new investment era, drawing on historical lessons to provide clarity on the future of the financial markets. With higher interest rates, you'll discover how your financial options expand, especially regarding your emergency fund and retirement income planning. Schedule Your Complimentary Retirement Income Plan with Steve Today!  💬 Engage, Share, and Learn even more with Steve and his team at The Aul Financial Group: Facebook YouTube

Steve, a seasoned financial professional, provides valuable advice on ways to balance in your financial portfolio. He emphasizes the significance of aligning your investment choices with your risk tolerance and realistic expectations. Learn why now is the time to take control of your financial future and how comprehensive retirement planning can help. Discover the importance of diversifying your investments to protect against market volatility and ensure a stable income during retirement. Steve's insights into tax-efficient portfolios and his partnership with Market Guard, a proprietary investment methodology, offer listeners valuable tools for growing and safeguarding their wealth. #retirement #financialplanner #financialliteracy #wealth #fyp #podcast Schedule Your Complimentary Consultation with Steve Today!  💬 Engage, Share, and Learn even more with Steve and his team at The Aul Financial Group: Facebook YouTube

The 401(k) is often touted as one of the most significant retirement assets, but many people make recurring errors in managing them. Discover these pitfalls and learn how Steve can help you avoid them. From blindly investing in target date funds to overlooking the importance of periodic reviews, Steve shares valuable insights on optimizing your 401(k). We also delve into the taxation of earned income. Are you aware of the taxation intricacies associated with the prizes you win? Bob Barker's famous game show moments provide a humorous segue into a serious discussion about the complexities of our tax system. Steve emphasizes the evolving landscape of taxation and its impact on your retirement savings. Legislative risks are on the horizon, and the rules for retirement accounts like 401(k)s and IRAs are changing. Discover the importance of addressing legislative risks and how strategic planning can safeguard your wealth from unexpected tax burdens. #retirement #financialplanner #financialliteracy #wealth #fyp #podcast Schedule Your Complimentary 401K and Tax Analysis Today! 💬 Engage, Share, and Learn even more with Steve and his team at The Aul Financial Group: Facebook YouTube

In this episode, we delve into the world of finance, discussing common financial mistakes and even some unconventional ways to deal with weeds in your garden. We start by examining the financial blunders one expert confessed to, including not setting up a Roth IRA, neglecting long-term care insurance, and paying off low-interest mortgages early. Steve provides insights into each of these topics, shedding light on the potential pitfalls and benefits of various financial decisions. Steve also shares his personal experiences with investing and highlights the importance of understanding your investments' long-term goals rather than chasing quick gains. He introduces the concept of "need, not greed," emphasizing that your investment strategy should align with your financial goals and risk tolerance. Additionally, we explore the overlooked aspect of 401(k) plans. If you're 59 ½ or older, you might have more options than you realize to optimize your 401(k). Learn about the benefits of rolling over your 401(k) into an IRA and how it can provide you with more flexibility and control over your retirement savings. #retirement #financialplanner #financialliteracy #wealth #fyp #podcast Schedule Your Complimentary Consultation with Steve Today!  💬 Engage, Share, and Learn even more with Steve and his team at The Aul Financial Group: Facebook YouTube

Have you heard that 60 is the new 40? While that may hold true for many aspects of life, in the world of retirement planning, the age 59 and a half takes the spotlight. Join Steve as he delves into the significance of this age when it comes to your 401(k) and shares real-life examples that dispel common retirement myths. Steve starts by explaining the key rule of 59 and a half - the magic age at which the penalty for early withdrawals from your 401(k) vanishes. Whether it's your 401(k) or your IRA, turning 59 and a half is a pivotal moment in retirement planning. But there's more to it. Steve highlights how, in the case of 401(k) plans, many companies permit employees to move their funds into an IRA once they reach this age. This move is non-taxable and unlocks a world of possibilities for optimizing your retirement savings. Steve underlines the importance of tax planning in retirement, especially in light of potential future tax increases. He encourages listeners to consider tax-efficient strategies while tax rates are historically low. #retirement #financialplanner #financialliteracy #wealth #fyp #podcast Schedule Your Complimentary Consultation with Steve Today!  💬 Engage, Share, and Learn even more with Steve and his team at The Aul Financial Group: Facebook YouTube

In this episode, Steve discusses the recent market volatility and whether or not investors should be worried about a correction. He shares his insights on how to protect your retirement savings and how to stay focused on your long-term financial goals. If you're concerned about the stock market and your retirement savings, this episode is for you. Steve provides valuable advice on how to stay calm and make sound financial decisions during times of market volatility. #retirement #financialplanner #financialliteracy #wealth #fyp #podcast Schedule Your Complimentary Consultation with Steve Today!  💬 Engage, Share, and Learn even more with Steve and his team at The Aul Financial Group: Facebook YouTube

In today's episode, hear Steve discuss the importance of setting realistic financial goals. He talks about how to temper expectations in a volatile market and how to create a plan that can withstand the ups and downs of the economy. Steve also discusses the concept of sequence of returns, and how it can impact your retirement savings. By the end of the episode, you'll have a better understanding of how to set realistic financial goals and create a plan that will help you reach them.  #retirement #financialplanner #financialliteracy #wealth #fyp #podcast #economy  Schedule Your Complimentary Consultation with Steve Today!  💬 Engage, Share, and Learn even more with Steve and his team at The Aul Financial Group: Facebook YouTube

In this episode, Steve delves into the complexities of Social Security benefits and the impact of potential changes in the near future. With rumors of Social Security benefit cuts and adjustments, the host takes a closer look at how these changes could affect retirees. Steve addresses the option of moving the full retirement age for Social Security benefits up to 68 and the potential implications of this shift. He also discusses a study showing that this adjustment might only solve a fraction of the overall problem. Steve and his guests provide guidance on when to start claiming Social Security benefits and how to maximize the benefits you're entitled to. Moreover, Steve introduces the concept of Social Security risk scoring—a tool that assesses the chances of future reductions in benefits and helps individuals make informed decisions about their retirement planning. #taxes #estateplanning #longtermcare #socialsecurity #lifeinsurance Schedule Your Complimentary Consultation with Steve Today!  💬 Engage, Share, and Learn even more with Steve and his team at The Aul Financial Group: Facebook YouTube

Steve addresses common financial missteps highlighted by an expert, including the oversight of not setting up a Roth IRA, missing out on long-term care insurance, prematurely paying off low-interest mortgages, and practicing excess frugality. Steve delves into the importance of aligning financial strategies with individual goals and needs, emphasizing the significance of need-based investments over get-rich-quick schemes. Moreover, he unveils an unconventional method to eradicate garden weeds using boiling water, sparking a parallel between financial weeds lurking in 401K plans. Steve sheds light on the lesser-known options available for managing 401Ks, especially for those aged 59 1/2 and older, who can consider in-service withdrawals and subsequent IRA rollovers. Discover how to prevent financial weeds from spreading and cultivate a solid retirement strategy tailored to your needs.  #retirement #financialplanner #financialliteracy #wealth #fyp #podcast  Schedule Your Complimentary Consultation with Steve Today!  💬 Engage, Share, and Learn even more with Steve and his team at The Aul Financial Group: Facebook YouTube

In this exclusive episode of the Aul Financial Hour podcast, host Steve Aul sits down with Gary LeVox, the renowned lead singer of the multi-award-winning country group Rascal Flatts. The conversation delves into the emotional journey behind one of their hit songs and how it resonated deeply with Gary as a father. The two also discuss the importance of having a strong team and surrounding oneself with the right people in both the music industry and financial world. As Gary reflects on his transition from Rascal Flatts to his solo career, he shares his determination to keep making music and never slowing down. Listeners gain insights into managing careers, juggling responsibilities, and making sound financial decisions while pursuing dreams and passions. Tune in for an inspiring and candid conversation with one of the most prominent figures in the country music scene! 💬 Engage, Share, and Learn even more with Steve and his team at The Aul Financial Group: Facebook YouTube

In this episode of the Aul Financial Podcast, Steve shares expert insights on achieving financial security through diversification and pre-retirement income planning. Explore the portfolio allocation strategies recommended by Shark Tank's Kevin O'Leary and learn how to diversify investments to mitigate risks during volatile times. Then, Steve challenges the traditional 70-80% rule for pre-retirement income, offering a personalized approach that considers tax diversification and thorough spending analysis. Discover how to optimize your retirement plan and ensure a comfortable lifestyle in the years to come. Whether you're approaching retirement or seeking strategies for financial security, this podcast episode provides actionable advice and valuable tips.   Schedule Your Complimentary Consultation with Steve Today! 

Sometimes a rocky economy is like a football game.  Market volatility, high inflation and the threat of recession can tackle even a good retirement plan and throw it for a huge loss.  So, is there a tool that can withstand these threats?  We have talked before about annuities, can you help navigate the numerous choices of annuities to find the right one?  Schedule Your Complimentary Consultation with Steve Today! 

Sometimes you need some extra cash, but should you borrow from your 401(k)? If you do, are there penalities? Let's discuss the pros and cons of withdrawing from your 401(k)!  Schedule Your Complimentary Consultation with Steve Today! 

The financial headlines have been talking about a recession for months.  Market analyst Eddie Ghabour tells Fox Business we are already there! If he’s right, do you see a significant market pull back this year and should people look for a more protective stance with their retirement money?   

A new survey has found that Americans are more pessimistic than ever about the economy.  CNBC’s Steve Liesman says the poll numbers are the worst ever…do feelings like this and times like this make people sit still, or take action?  Is that the right decision? Then, a year ago, I Bonds captured a lot of attention.  The U.S. Savings Bonds that are tied to inflation paid a 9.6% interest rate last May.  Six months later, the rate went down to 6.89%.  And beginning this month, I Bonds will pay a lower rate of 4.3% for the next half year.  For those who previously plowed money into I Bonds, are they now better off putting their cash elsewhere?  

What are the key dates in retirement?  For starters, those age 50 and older can begin making “catch up” contributions to 401(k)s and IRAs. Do you remind clients of these important dates?  Any others you want to add to the list?, One of the big concerns about growing older is whether we’ll need long-term care at some point.  Microsoft News did a story listing the pros and cons of buying long-term care insurance, but it didn’t really answer the question for me.  How do you help clients who worry about the risk of needing long-term care?

The money you’ve saved for retirement is meant to make that part of your life happy.  But, with the biggest fear being running out of money, it tends to give people FEAR of spending during retirement.  Hear how Steve creates a planned budget showing you how you can spend your hard earned money the right way in retirement and NOT run out of money.   Call Steve today for your customized income plan, showing you how you can spend, and not run out of money in retirement!   

We’ve talked before about the benefits of annuities.  They not only provide a guaranteed stream of income in retirement but can also serve as a hedge against inflation, market volatility and running out of money in retirement.  But there are so many different types of annuities.  How do you go about picking the right one? Steve explains! This week marks the 47th anniversary of Apple Computer.  It was co-founded by Steve Jobs, Steve Wozniak and a third guy you probably have never heard of.  Ronald Wayne held a 10% stake in the company but sold it just 12 days later for $1500! So, he didn’t want to take the risk (even though his investment today would be worth $250 billion!).  Of course, in retirement planning, there’s a certain amount of risk and everyone is not the same.  How do you check for their risk tolerance in a portfolio? Call Steve today for your customized Risk Analysis! 

We’re seeing higher CD rates thanks to higher interest rates.  But annuities are also based on interest rates.  So, the higher the rate, the higher the annuity payments will be.  Are you seeing more interest in annuities right now? Once seniors reach the age of 62, they can begin taking Social Security benefits.  But it comes at a cost, because the monthly check you receive goes up each year you delay taking it.  An article on The Motley Fool financial website looked at three different ages to claim Social Security.  Hear Steve run down the list and explain how he can help you create a custom income plan including SS and creating income for life! 

The cost of Long-Term Care can be $10,000 a month or more.  No wonder so many say it’s one of the huge “gotcha” expenses in retirement.  And now, a dozen states are considering implementing a mandatory tax on people who don’t carry long-term care insurance.  Is buying this the best answer to covering those costs? As we’ve often mentioned, annuities can offer a guaranteed income for life.  Many financial advisors love them, others loathe them.  So, can we weigh the pros and cons of annuities?  Call Steve today for a custom Income Analysis! 

Back in 2019, we had a lot of fun discussing billionaire Ray Dalio’s statement that “Cash is Trash.”  Recently Ray flip flopped on that, telling CNBC that “Cash is a better investment than stocks and bonds.” Steve, do you agree? Isn’t this a great example of why we need a financial advisor because the economy is constantly changing… and so should our investments? Deciding whether to retire now during an economic downturn can be a scary decision.  It might force someone to put off leaving the workforce.  T. Rowe Price has researched something it calls a “pre-tirement” strategy, in that you delay the retirement date but not the gratification.  Is this a good plan for someone who’s sitting on the fence?   Call Steve for your complimentary Portfolio Review! 

Massive layoffs in the tech world have been grabbing headlines lately.  Companies like Google, Meta and Amazon are letting workers go by the thousands.  Just a few years ago, many were looking at finishing their careers with these jobs.  If someone is close to retirement – and that ‘forever job’ is becoming less stable – what can they do now to prepare for an unplanned retirement and still get guaranteed income? Then, once you turn 73, Uncle Sam makes you withdraw money from your tax-deferred retirement accounts so the government can collect its taxes.  It’s called a Required Minimum Distribution or RMD.  But what if it’s forcing you to take out more than you actually need?  Is there a way to work around this?  Call Steve today for your Customized Comprehensive Retirement Plan!  

What would you say to a 4 day workweek? CBS News says a recent survey shows more than 90% of American workers favor the idea.  Until this becomes more of a reality, most of us are still working five-day weeks.  That often leaves little time to set up time to talk about more serious matters, like retirement planning.  Steve shares his process to help YOU get closer to that retirement finish line STRESS FREE!  Call Steve for a Complimentary Portfolio Review!