Author: Benjamin Brandt

Tax Planning for the Middle Class – An Interview with Dana Anspach

Many pre-retirees fail to realize the myriad of tax planning opportunities that present themselves in the lead-up to retirement.  The final years of work and the first few years of retirement tend to have increased variability of either income, deductions, or both.  These changes can afford retirees with once in a lifetime tax planning opportunities. Our guest on the podcast, Dana Anspach is an expert in these planning opportunities. Dana Anspach CFP®, RMA®, is the Founder and CEO of Sensible Money and author of Control Your Retirement Destiny and Social Security Sense. Listen in as Dana and I discuss: When in...

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Interview with Securities Attorney David Liebrader

It is easy to fall into a false sense of security living in sleepy communities in the Midwest.  That is,  until I received an email from the local Securities Commissioner informing me of a local ponzi scheme… Our guest this episode is Securities Attorney David Liebrader.  David and I discuss how he helped his clients recover over $40 million dollars from bad brokers.  We also talk about what recourse an investor might have if they find themselves the victim of securities fraud. You can learn more about David by visiting www.SecuritiesFraudLawyerBlog.net or www.InvestmentLoss.com   Press release regarding North Dakota ponzi...

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The Importance of End of Life Planning with Jon Braddock

“Planning for my own end of life doesn’t benefit me, it benefits others…  It is an outward expression of love to your loved ones to plan and prepare. It is the greatest final gift to give to your family” – Jon Braddock Jon Braddock is the founder of My Life and Wishes, a company that assists clients with their end of life planning needs.  Jon is also the author of Click Here When I Die: Making Things Easier for Those You Love.  Listen in as Jon and I discuss the importance of end of life planning and the real...

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What’s Your Retirement Withdrawal Strategy?

Fritz Gilbert (a friend of the show) reached out to me with an interesting question a few weeks ago. Basically, he asked if I would be interested in participating in an ongoing conversation amongst retirement bloggers about their personal retirement withdrawal strategy. Of course, I was more than happy to toss my hat in the ring. There’s just one small problem. I’m 35-years-old and see myself working for at least 35 more years! Needless to say, I don’t yet have a personal retirement withdrawal strategy. In fact, I’m not entirely certain I will ever ‘retire’, as my chosen career...

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Finding Your Retirement ‘Why’

As humans, we are creatures of habit – especially when it comes to our careers. Most of us spend twenty, thirty, or forty years lacing up our work boots and heading to the coal mine. But, what happens next – what happens after retirement – can throw us for a loop. What are we going to do once our working days are over and we have an extra 8-10 hours to burn each day? Can You Add by Subtracting? For many people, this nagging question never goes away. Fortunately, I do have some insight to share. One of the...

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How to Vet Your Financial Advisor: Extreme Transparency Edition

Have you ever wondered who your financial advisor really is? Have you ever stared across their desk and thought, “What do they wear outside of this stuffy office? Where does this stranger live? And, what does he or she do for fun?” Chances are, you’ve wondered about your financial advisor’s motives at the very least. Are they truly working in your best interests – or, simply lining their own pockets at your expense? Is your advisor a fiduciary – someone who is legally obligated to give you solid advice? Or, are they a whole life insurance salesman in disguise...

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The Truth About Naked Investing

Not long ago, I visited with an older couple who had most of their retirement accounts saved in the banking equivalent of their bedroom mattress. The duo had been keeping the bulk of their money in cash since 2008, fearing market fluctuations would cause them to lose principal. Believe it not, they thought the 2008 stock market was as high as it could ever go. They knew their cash investments were earning next-to-nothing, and they even understood that inflation was slowly eating them alive. Still, they were paralyzed by the idea they might lose some money at first. Unfortunately,...

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Is Trusting Your Advisor Enough?

When my grandparents were just married and starting to build wealth, they put a lot of faith into a financial advisor. They met with their advisor monthly and leaned on him for the bulk of their financial and estate planning. Unfortunately, only one of my grandparents was paying much attention during their regular meetings. As my grandma tells it, she spent more time thinking about dinner or housework and critiquing the advisor’s interior design than listening to him talk or, heaven forbid, actually digging into their financial situation.  Investing was exciting and interesting for my Grandpa (He was weird...

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The Battle for Your Retirement

  My guest today is Micah Hauptman with the Consumer Federation of America. Micah is an advocate for the Fiduciary Rule, a rule that requires financial advisors to act in their client’s best interest when making recommendations on retirement savings. Check out my guest Op-Ed column in the Fargo Forum In this episode, Micah and I answer the questions: What is a fiduciary and why should I care? Why isn’t this common sense solution already in force? Who is standing on the way of this rule? How can North Dakota residents take action? Action items Residents of North Dakota can...

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