Your Money with David Hays 4k6v70

David is back in the studio this week with a new show... and starting the show off with a market update from Rod Holloway with CFCI. David and Rod will discuss the jobs market, tariffs, why the Federal Reserve is hesitant to lower interest rates and what may be coming over the summer.  David will also share updates from his recent visit to the Ed Slott Elte IRA Advisor meeting earlier in May. The theme was "Close enough isn't good enough," and David will share how that impacts Qualified Charitable Distributions, IRA catch-ups and more.  Plus, there was a scam discussed at the conference - the "Pig Butchering" scam. David will share with listeners what to watch for. 

This week we have a special encore replay of our April interview with Jolene Dixon from the Bloomington Social Security istration office.   Jolene will have updates on the revised identification process and the Fairness Act that started in January, as well as insights on the benefits available for divorcees and widows. She will also go over the process of enrolling in Social Security - a frequent topic of discussion as people nearing retirement consider their options and determine what may be best for their individual situations. 

Doug Hughes and Jim Inman are in the studio this week with a very focused topic: Women and Investing   Women typically live, on average, 5-6 years longer than men. Many women have career interruptions due to raising children or caring or aging parents, reducing retirement contributions.   However, there are positive trends we are seeing today, and more woman are using financial professionals for their long-term plans. Doug and Jim will have some statistics, some news stories and some ways single and married women can maximize their financial futures.

History tends to repeat itself... We can learn a lot from history... History doesn't repeat itself, but it often rhymes...  Those are a few of the lines David will be considering this week as he looks at past stock market performance when there have been declines of 25% (did you know there have been 15 occurrences of the S&P 500 dropping by 25% since 1957?). What happened in the following years after those drops? David will share some history.  Rod Holloway from CFCI will be calling in with an update on first-quarter earnings, GDP and tariffs... David will share on investment products that can take some angst out of your life... and William Hays stops by the studio to give a 20-something perspective on the world today. 

The start of a new month means a new "Question and Answer Show" - and David Hays and Jim Inman have a variety to share with you this week. This week the topics include:​ Disability insurance Taking distributions during volatile markets Business transitions Inheriting an IRA from a parent Leftover funds from a 529 plan Using a SEP IRA for a Qualified Charitable Distribution (QCD) Understanding 60-day rollovers for IRAs Do you have a question for a future episode? Reach out to David - https://www.cfci.us/your-money

Spring is in the air - and for many people it's a chance to open the windows, shake out the rugs and do some extensive housekeeping. Have you ever considered "spring cleaning" your financial house as well? Doug Hughes and Jim Inman are in the studio this week with a variety of reminders and tips - checking for old investment s, donating unneeded and unused items, shredding old papers, updating beneficiary forms, reviewing your insurance and estate documents and rebalancing your portfolio. Doug and Jim will offer some great "spring cleaning" ideas that will help make your finances shine again. Be sure to tune in!

Earlier this week Julien Albertini – an investment portfolio manager from First Eagle Investments – spoke with David and the team at Comprehensive Financial Consultants. Julien has been traveling in Japan and will be headed to Europe in a few weeks as part of his role. David will share some insights from Julien's visit on the show this week, highlighting the national debt, gold, tariffs and taxes. David will also look at the bond chaos of long-term yields, trying to time market recessions and answer the question "If I have money now, is it a good time to invest?" Plus... from David McKnight, the five cardinal rules of a Roth IRA conversion!

This week on the show, author and podcast host David McKnight returns to talk about his Power of Zero Philosophy - a strategy built on the belief that tax rates are likely going up. If your savings are in IRAs or 401(k)s, future taxes could take a bigger bite than you think.   David Hays will also share insights from a recent meeting with Rep. Erin Houchin, touching on tax proposals, Social Security reform (or lack thereof), and why “Rothification” is gaining traction.   McKnight and Hays will also discuss the “Guru Gap” - where traditional financial advice from big names can fall short in real retirement planning.   Plus, a quick look at what’s next from the McKnight camp - books, speaking, maybe a new documentary.

t's a big show this week on WGCL Radio - Social Security has been in the news and on the minds of many people over the last few months. David is excited to welcome Jolene Dixon from the Bloomington Social Security istration office back to the show to discuss a variety of topics and help separate some of the facts from the fiction. Jolene will provide updates on the new identity verification process, the Fairness Act that began in January, understanding benefits for divorcees and widows, strategies for married couples and the process of enrolling in Social Security. Want to know more about Social Security? Take a look at this 2025 Fact Sheet from their website - https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf

This week David shares about some recent interactions he's had - first as the of a of local bankers for the Bloomington Economic Development Corporation (BEDC) as well as a meeting with Congresswoman Erin Houchin. David will recap both experiences and share what he learned. Rod Holloway from CFCI will have a market update to share (including a discussion on tariffs) and David will also offer five retirement moves that you can still make for 2024.

It's an encore presentation of last week's show with Tom Hegna, because of Spring Break! David Hays welcomes author, economist and retirement guru Tom Hegna to the show this week. David and Tom will discuss a retiree's biggest worries - running out of money - and finding possible options to minimize the risk. David and Tom will also discuss taxes - looking for investment s that can offer long-term tax benefits to individuals and families. They will also talk about the national debt (currently at $36T and growing) and what Tom's perspective is on America's financial future. Tom brings great expertise to the show - don't miss it!

ing David this week is author, economist and retirement guru Tom Hegna. David and Tom will discuss a retiree's biggest worries - running out of money - and finding possible options to minimize the risk.   David and Tom will also discuss taxes - looking for investment s that can offer long-term tax benefits to individuals and families.   They will also discuss the national debt (currently at $36T and growing) and what Tom's perspective is on America's financial future.   Tom brings great expertise to the show - don't miss it!

You asked and we listened! This week we're back with the ever-popular Question-and-Answer Show with David and Jim Inman. We have a variety of questions this round, including: • Can I give 529 funds to my niece after my daughter graduates college? • What's the difference between per sterpes, per capita and pro rata? • Where do my tax dollars go? • When can I convert my SIMPLE IRA to a Roth IRA? • What access does a Power of Attorney (POA) give an individual? If you have a question for us, you can submit it here - https://www.cfci.us/your-money

David is on the microphone this week to address the fears and challenges coming from Washington in the last few weeks. Between tariffs, NATO, Warren Buffet, DOGE and Ukraine, there is a lot of change happening in the US... and David will look at some history of change in US politics and offer some ways to stay calm amid the media noise. Also this week, David will discuss spending in retirement. It's not always an easy thing to go, but it's an important part of a happy retirement. Plus IRA updates and common mistakes as well as the importance of beneficial ownership filing.

Doug Hughes and Jim Inman are in the studio this week with topics focused on those under 50. The conversations will start on managing debt and student loans and then shift into homeownership and real estate - certainly a significant topic in the country today. Doug and Jim will and share about the importance of saving for retirement (including the differences between 401(k)s, IRAs and Roth IRAs) and planning for life's milestones - college savings, estate planning, emergency funding and more. It's a deep dive on some key topics that may be beneficial to your kids or grandkids - or you!

David is on the air with thoughts on inflation - up 3% in January, according to a Labor Department announcement. He will also dive into investment vehicles like buffered ETFs (exchange-traded funds) and buffer annuities and explain the pros and cons when considering them for an investment portfolio. David will also share about the psychology of money and understanding the differences in g up for Social Security - your age, your marital history, minor children and more.  Did you know where your money comes from impacts how your save and how you spend? It’s something to consider while you’re listening to this week’s episode.

David welcomes local attorney Lance Like to the show this week for a full hour on estate planning. Whether someone is young or old, single or married, an estate plan is a key part of a person's long-term financial goals.   David and Lance will discuss Medicaid rules and planning, estate taxes, veterans benefits and why people should think of estate planning like tax planning. There will also be talk on Powers of Attorney (POA), providing for special needs children and the high estate tax exemption sunset in 2026.   If you want to know about estate planning, be sure to tune in this week - there will be a lot of information shared during the show!

David is in the studio this week and there is a lot to discuss out of DC - the announcement of a buyout for federal employees, a potential push on interest rates from the White House and what Fed Chair Jerome Powell shared on Wednesday.   David will also review last week in the markets, including a "black swan" event related to AI.   There's also conversation on gold, inflation and taxes - the season has begun, and David will dive into income tax as well as sales tax, usage tax and more. 

David is on the road this week, so Doug Hughes and Jim Inman are in the studio with the first Question-and-Answer Show of 2025. There are a variety of questions planned for this episode on transferring funds from a 529 college plan to another beneficiary, Health Savings s (HSAs), the new Windfall Elimination Provision, 2025 catch-up updates on investment s and a few questions on IRAs.

How else would you spend your birthday but hosting a radio show? It's David's birthday on Thursday and he will kick things off with Rod Holloway and a market update - what's happening in the bond market right now?   Also there's been a lot of talk on the Social Security Windfall Elimination Provision and the Government Pension Offset... David will talk about those programs and how they could impact families.   David will also discuss new 401k provisions occurring in 2025 and reducing retirement savings regrets. Tune in for the birthday fun!