The Wealth and Income Podcast

Episode 203 - Potential changes coming for the “Catch-up” feature in 401(k)’s

If you are over 50 and taking advantage of the catch-up provision in your 401(k), there could be some changes in how 401(k) companies are required to allocate those dollars. If you are under 50, you should still listen to this one. The potential changes could signal a broader shift in how the IRS looks at near-term vs. long-term tax revenue from qualified plans. Join us as we walk through the mindset behind the potential rule change. Strategically, we can look at the pros and cons of the change and how that might impact even the option to have a catch-up option, as 401(k) providers may be scrambling to comply with the change. From a tools perspective, we touch on what that might mean moving forward for how you negotiate salary and other benefits to either take advantage or work around the rule.

Episode 202 - How do you get yield without giving up safety?

A look through the lens of Mindset - Strategy - Tools at some of the challenges in the current interest rate environment.  From a mindset standpoint, the key message today is don’t get stuck in how things have been done in the past just because they have been done that way.  As they say in military circles, “The enemy always gets a vote.”  When the world adjusts, it is important to be flexible in the response.  From a strategy standpoint, the big question is how to get yield AND safety when the interest rate environment is moving against bonds in the current environment.  Finally, as we look at tools, we will explore a set of tools you might not expect to help us get yield without giving up safety.  As always, consult your advisor before making a decision, as every tool may or may not be appropriate for your situation.  

Episode 201 - Entrepreneur’s Game

This week, Mary and Eric discuss managing entrepreneurial finances from a creative perspective rather than crowdsourcing your strategies and building your financial plan by consensus. Are you playing an entrepreneur's game with W2 strategies?

Episode 200 – Your Financial Scorecard

Mary and Eric discuss financial scorecards using mindset, strategy, and tools to help establish a financial roadmap based on personal values, success, and happiness principles. It’s hard to be patient without a plan, and by building a tailored scorecard, you can more easily track progress towards your end goals.

Episode 199 - Financial Education vs. Financial Advice and an Introduction to Acorn Grove

Mary and Eric discuss the nuances of financial education and financial advice. Then Eric shares his new educational enterprise, Acorn Grove, including plans for mastermind and accelerator groups to broaden and expand access to financial education.

Episode 198-Importance of Fulfilling Work

One of my hero’s is Zig Ziglar.  He had hundreds of quotes about money and life.  One of the most insightful is “money won’t make you happy . . . but everybody wants to find out for themselves”.   This is so true and I have seen it show up in my life and the lives of so many clients over the years that it is almost a cliche.  The pursuit of the all mighty dollar is not a bad thing, as Zig says,  “Money isn’t the most important thing in life, but it’s reasonably close to oxygen on the ‘gotta have it’ scale”.  The problem is that sometimes the primary criteria for deciding what work we do, is how much it pays and the potential opportunity.  If that is our primary focus we may end up doing work that pays well but is ultimately unfulfilling.  The key is to find that balance and remember that wealth building is a marathon, not a sprint.  And a key aspect of staying in the race is doing work that is deeply fulfilling and meaningful.  Join us today as we talk about the the book Wanting by Luke Burgis and the importance of fulfilling work when it comes to staying in the game of building a future.

Episode 197-Myths about Life Insurance Part 3

It is fairly common when talking about retirement for words like equity, bond, 401k, and Roth IRA to all be a part of the conversation.  However, when the idea of insurance as one of the assets that can be used in planning, we often see a “skip in the record” in the client's mind.  Inevitably, the next words that come out typically start with something like, “But I heard . . . . “.   For whatever reason, insurance as an asset and a tool tends to come with a fair number of myths and half-truths.  In this episode, we are going to walk through and debunk some of the most common myths about life insurance.  

Episode 197-Myths about Life Insurance Part 2

It is fairly common when talking about retirement for words like equity, bond, 401k, and Roth IRA to all be a part of the conversation.  However, when the idea of insurance as one of the assets that can be used in planning, we often see a “skip in the record” in the client's mind.  Inevitably, the next words that come out typically start with something like, “But I heard . . . . “.   For whatever reason, insurance as an asset and a tool tends to come with a fair number of myths and half-truths.  In this episode, we are going to walk through and debunk some of the most common myths about life insurance.  

Episode 196-Myths about Life Insurance

It is fairly common when talking about retirement for words like equity, bond, 401k, and Roth IRA to all be a part of the conversation.  However, when idea of insurance as one of the assets that can be used in planning, we often see a “skip in the record” in the client's mind.  Inevitably, the next words that come out typically start with something like, “But I heard . . . . “.   For whatever reason, insurance as an asset and a tool tends to come with a fair number of myths and half truths.  In the next three episodes, we are going to walk through and debunk some of the most common myths about life insurance.  

Episode 195-Enneagram Episode 8: Risk & Uncertainty

When it comes to building wealth and managing risk, we like to believe we have ice in our veins. In our experience, very few are immune to the effects of uncertainty. Yet risk, uncertainty, and our reactions to it can be a major factor in our ability to build wealth. Join us for the final episode as Mary Lyons, the Wealth Woman, and Eric Alexander of Benchmark Income Group talk with Ian Cron about the Enneagram system how each type handles volatility.

Ian Morgan Cron is a renowned teacher of the Enneagram, the bestselling author of The Road Back to You and The Story of You, an Episcopal priest, a speaker, and a trained psychotherapist.

Assessment: iEQ9 Couples Assessment or iEQ9 Individual Assessment.

Discount code:  BENCHMARK to receive 20% off any assessment.