New Focus on Wealth with Chad Burton

Chad Burton

Navigating the complexities of financial planning and wealth management is tough. Chad Burton, CPF ® makes it easy for you by breaking down the latest news and the important topics every wealthy person needs to know in 2020 and beyond. These are dynamic times and that makes it the perfect time for a new focus on wealth! read less
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Episodes

Managing Insurance Costs & Exploring the World of Timeshares
1w ago
Managing Insurance Costs & Exploring the World of Timeshares
The podcast episode discusses various financial topics, including the current market trends, the impact of interest rates on different sectors, and the challenges faced by the insurance industry. The host, Chad Burton, shares insights on the performance of different investment options like stocks, bonds, and real estate investment trusts. He also delved into the complexities of helping children buy homes and the pitfalls of owning a timeshare. The episode provides valuable information on selling a timeshare, navigating insurance rate increases, and making informed financial decisions in various scenarios. Additionally, the episode highlightes the importance of understanding the hidden costs associated with homeownership, such as property taxes, maintenance, and insurance. Chad Burton emphasizes the need for thorough financial planning when assisting children with home purchases and cautioned against the risks of buying timeshares directly. The discussion also touches on the challenges faced by retirees in managing long-term care insurance, navigating insurance rate hikes, and making strategic decisions to optimize travel expenses. Overall, the episode offers practical advice on financial planning, investment strategies, and navigating the complexities of the current market landscape. Timestamps: [00:03:22] AI and productivity in finance. [00:06:29] ETF performance comparison. [00:08:35] REITs and Real Estate Investment Trusts. [00:14:42] Active management in investment. [00:17:23] Rising home insurance costs. [00:19:08] Insurance industry challenges. [00:23:30] Home fire risk and insurance. [00:26:46] Timeshares financial implications discussed. [00:31:08] Time share situation. [00:35:53] Timeshare scams. [00:37:17] Buying direct investment experiences. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com
Retirement Planning, Tax Strategies & The New Law Regarding 529 Plans
18-03-2024
Retirement Planning, Tax Strategies & The New Law Regarding 529 Plans
This podcast episode features certified financial planner Chad Burton and Rob Black discussing various financial topics related to retirement planning, tax strategies, and investment decisions. Chad highlighted the importance of careful financial planning, especially for those looking to retire early or maintain their lifestyle in retirement. He discussed income gaps, working after retirement, tax season issues, and the impact of recent laws on financial planning, such as the Secure 2.0 Act affecting 529 plans. Chad also emphasized the need for personalized financial advice and decision-making based on individual circumstances and goals. Additionally, the episode promoted an upcoming event in Lafayette, California, titled "Crafting Your Retirement," scheduled for Saturday, March 23rd. The event, hosted by Chad Burton and Stephanie Richmond, aimed to provide insights and strategies for retirement planning, tax-efficient investing, insurance considerations, and long-term care planning. Chad's expertise in financial planning and wealth management was highlighted as they discussed complex financial topics such as IRA to Roth conversions, 529 plan rollovers, and the importance of delegating financial decisions to professionals to focus on other aspects of life. Timestamps: [00:02:12] Working longer to delay retirement. [00:06:31] Income gaps. [00:10:01] Influencers and social media. [00:11:44] Tax withholding issues due to yields. [00:15:50] Contract workers transitioning to W-2. [00:20:56] Underperforming rental properties in Bay. [00:23:41] Rental property inheritance changes. [00:27:25] Crafting your retirement. [00:30:46] 529 Plan Rollover Rules. [00:34:22] Delegation and financial planning. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com
Stress Testing Your Financial Plan
08-03-2024
Stress Testing Your Financial Plan
In this podcast, Chad and Rob discuss various aspects of personal finance, wealth management, and estate planning. Throughout the episode, Chad and Rob delved into topics such as stress testing financial plans, the importance of estate planning, and the evolution of wealth management strategies over time. They also touched on the significance of having a solid financial plan in place to navigate market volatility and potential risks, emphasizing the need for proper asset allocation and risk management. Additionally, the conversation covered the role of relationships in financial planning, the impact of tax law changes on investment strategies, and the importance of managing wealth effectively to secure financial stability. Chad highlighted the importance of staying informed about market trends, utilizing financial planning tools and software, and making informed decisions to protect and grow one's wealth over time. Timestamps: [00:03:02] Stress testing for financial plans. [00:04:47] Planning for long-term care. [00:08:55] Retirement planning strategies. [00:12:54] Reacting to market fluctuations. [00:17:49] Estate planning. [00:20:29] Estate planning for younger families. [00:23:41] Estate planning and heirlooms. [00:28:49] Estate planning insights. [00:32:31] Wealth management strategies. [00:34:30] Geometric mean in wealth management. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com
Retirement Readiness, Active Vs Passive Investing & Sequence Of Returns Risk
15-02-2024
Retirement Readiness, Active Vs Passive Investing & Sequence Of Returns Risk
Chad starts by discussing the upcoming event, "7 Steps for Retirement Readiness," which covers crucial aspects such as taxes, income, long-term care, safe money, investing, life goals, and health and wellness. He emphasizes the importance of this event in light of the challenges faced by investors in the current economic climate. Moving on, Chad delves into the world of investing, specifically focusing on the S&P 500, NASDAQ, and popular tech funds like XLK. He highlights the concentration of the S&P 500 in technology stocks and the need for diversification, especially as one approaches retirement and transitions from growth-focused investments to a more balanced portfolio. The discussion then shifts to the 4% rule, a guideline for determining retirement income. Chad explains that while the 4% rule is a useful starting point, it should not be blindly followed. He emphasizes the importance of having a comprehensive financial plan that considers factors like taxes, healthcare costs, and unexpected expenses. The episode also explores the active vs passive investing debate. Chad suggests that a combination of both approaches can be beneficial, with passive investing being more tax-efficient in taxable accounts and active management potentially outperforming in certain asset classes like small cap and international stocks. Lastly, Chad addresses the concept of sequence of returns risk, which refers to the impact of market fluctuations on retirement income. He emphasizes the need for a withdrawal strategy, diversification, and proper planning to mitigate the potential negative effects of market downturns. Overall, this episode of "New Focus on Wealth" provides valuable insights and practical advice for individuals seeking to enhance their retirement readiness, navigate the active vs passive investing landscape, and understand the risks associated with sequence of returns. Don't miss out on this informative and engaging discussion with Chad Burton, a seasoned financial planner. Timestamps: [00:01:35] Retirement challenges and inflation. [00:04:34] Concentration in investment portfolios. [00:10:05] The 4% rule. [00:14:55] Home maintenance and expenses. [00:17:57] The Suitcases Always Packed Pass. [00:22:34] Subscription management and savings. [00:26:02] Active Management in Other Asset Classes. [00:29:48] Trends in music industry. [00:31:47] Sequence Return Risk. [00:36:40] Long-term care and Medicaid planning. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com
Ensure A Secure & Fulfilling Retirement
09-02-2024
Ensure A Secure & Fulfilling Retirement
In this episode, Chad & Rob provides valuable insights and advice on preparing for retirement. From wealth accumulation to wealth management, Chad covers the essential steps to ensure a secure and fulfilling retirement. Here's a breakdown of what was discussed in this episode: Retirement Phases: Chad explains the two main phases of retirement - wealth accumulation (age 20-60) and wealth management (age 60-100). He emphasizes the importance of planning for each phase and adapting to changing circumstances. Five Years Out: Chad highlights the significance of dialing in your expenses and practicing retirement. He discusses the importance of finding purpose in retirement and managing financial freedom. Steps to Retirement Readiness: Chad previews the upcoming event, "Seven Steps for Retirement Readiness," where he will delve deeper into the essential steps for a successful retirement. Topics include expense management, withdrawal strategies, social security planning, and more. Healthcare Considerations: Chad advises on healthcare options for retirees, including COBRA, Covered California Plans, and Medicare. He emphasizes the need for careful tax planning and exploring premium tax credits. Rolling Over a 401k: Chad provides a step-by-step guide on rolling over a 401k into an IRA. He discusses the importance of choosing the right custodian, understanding pre-tax and Roth contributions, and handling company stock options. Annuities: Chad shares his insights on annuities, cautioning against the majority of annuity products in the market. He explains the importance of working with a fee-only advisor and considering alternatives like laddered bond portfolios. Consolidating Accounts: Chad discusses the benefits of consolidating retirement accounts into a single IRA. He explains how this simplifies management, allows for random withdrawals, and avoids blackout periods during 401k provider changes. Don't miss out on the valuable information shared in this episode! Join Chad Burton and Rob Black at the upcoming event, "Seven Steps for Retirement Readiness," where they will provide in-depth guidance on achieving a secure and fulfilling retirement. Sign up today at chadburton.com or robblackshow.com. Remember, retirement planning is a crucial aspect of your financial journey. Stay informed, make wise decisions, and secure your financial future with New Focus on Wealth. Timestamps: [00:01:02] Getting ready for retirement. [00:03:51] Planning for retirement expenses. [00:07:44] Spousal options and retirement. [00:11:39] Market highs and reduced risk. [00:15:08] Investing in value vs growth. [00:19:36-00:19:46] Giving notice and retirement plans. [00:23:23] Rolling options into annuities. [00:27:29-00:28:00] Annuities and life insurance policies. [00:32:34] After-tax dollars in 401k. [00:35:07] Rolling over retirement accounts. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com
Retirement Planning, Market Updates & Financial Tips
08-02-2024
Retirement Planning, Market Updates & Financial Tips
The episode kicks off with a market update, discussing the performance of different indexes and highlighting the impact of China's economy on emerging markets. Chad also explores the challenges faced by regional banks and the potential risks associated with commercial loans and real estate investments. Moving on to retirement planning, Chad emphasizes the importance of knowing your expenses and understanding how they may change throughout different stages of retirement. He provides valuable insights into the 4% rule, which helps determine if your portfolio can sustain your desired lifestyle in retirement. Chad also touches on the significance of balancing your financial goals with your personal fulfillment, including travel plans, hobbies, and volunteer work. Throughout the episode, Chad shares practical tips and strategies, such as leveraging pledged asset lines to avoid selling securities, maximizing credit card rewards for travel, and navigating the complexities of timeshares. He also highlights the benefits of working with a certified financial planner to create a comprehensive financial plan tailored to your specific needs and goals. Don't miss out on this engaging and informative episode that will empower you to make sound financial decisions, plan for retirement, and achieve long-term financial success. Tune in now to gain a new focus on personal finance, wealth management, and the economy. Timestamps: [00:02:18] China's impact on emerging markets. [00:06:32-00:06:43] Commercial real estate loans refinancing. [00:07:59] Flushed down the toilet. [00:11:41] Commercial properties and restructuring. [00:15:26] Small cap value investing. [00:19:33] Financial considerations when selling homes. [00:24:00] Borrowing against securities for real estate. [00:26:59] The rule of 4%. [00:31:39] Rough year for snow. [00:33:35] Increasing vacation budget. [00:36:26] Planning vacations on the fly. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com
Retirement Readiness & Healthcare Costs
06-02-2024
Retirement Readiness & Healthcare Costs
In this episode of New Focus on Wealth, certified financial planner Chad Burton dives into the important topics of retirement readiness and healthcare costs. Chad starts by discussing the seven steps to retirement readiness, which include assessing your financial situation, determining your asset allocation, and creating a withdrawal strategy. He emphasizes the importance of having enough safe money to cover expenses and the need for a proper tax plan to minimize taxes in retirement. The episode also delves into the rising healthcare costs in retirement. Chad highlights a study that reveals a typical US couple may need up to $413,000 to cover healthcare expenses in retirement, especially if they have high prescription drug needs. He explains the complexities of Medicare, supplemental plans, and the impact of income on healthcare costs. Throughout the episode, Chad emphasizes the need for individuals to prioritize their health and well-being in retirement. He encourages listeners to focus on maintaining a healthy lifestyle and making informed decisions about healthcare coverage. Don't miss this informative and engaging episode of New Focus on Wealth as Chad Burton provides valuable insights and strategies for retirement readiness and managing healthcare costs. Timestamps: [00:02:30] Valuations of technology companies. [00:06:09] Office real estate delinquencies. [00:07:46] Real estate investment trust companies. [00:13:04] Retirement planning and expenses. [00:15:02] Retirement readiness [00:19:04] How much to draw in retirement. [00:23:44] Tax situation changes with Social Security. [00:27:05] Long-term care and retirement. [00:30:00] Healthcare expenses in retirement. [00:34:15] Healthcare costs in retirement. [00:36:43] Retirement planning and saving. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com
Retirement, Cognitive Health & The Gut-Brain Connection
02-02-2024
Retirement, Cognitive Health & The Gut-Brain Connection
The episode kicks off with a discussion on the seven steps to retirement readiness. Chad emphasizes the need for a comprehensive financial plan that goes beyond just having enough savings. He highlights the importance of tax efficiencies, safe money allocation, and planning for long-term care costs. Listeners are encouraged to attend an upcoming event hosted by Chad, where he will delve deeper into these topics. Chad also delves into the concept of linear cash flow and its significance in retirement planning. He explains how to calculate the rate of return needed to ensure a comfortable retirement and stresses the importance of being conservative in projections. By using a rate of return just under 6%, Chad helps listeners assess the longevity of their retirement savings. The conversation then shifts to the challenges retirees face, including healthcare costs and the decision of when to take Social Security. Chad provides valuable insights on navigating Medicare, choosing supplemental insurance, and optimizing Social Security benefits based on individual circumstances. He also highlights the impact of tax planning on retirement income and the benefits of charitable gifting from IRAs. In addition to financial planning, Chad emphasizes the importance of prioritizing health in retirement. He shares his personal interest in longevity and discusses the emerging research on the gut-brain connection, exercise, and healthy lifestyle choices. Chad encourages listeners to invest in their health now to enjoy a fulfilling retirement. Timestamps: [00:02:10] Linear cash flow. [00:04:10] Rate of return in retirement. [00:08:37] Average market gains and losses. [00:14:33] CFP Chad Burton's outdoor adventures. [00:16:20] Order of stock market returns. [00:20:09] Medicare and supplemental insurance. [00:23:05] IRA charitable contributions. [00:29:36] Gut health and brain function. [00:30:51] Focusing on healthcare and wellness. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com
Diversifying Company Stock, Strategies For 401k Rollovers & Impact Of Diet And Lifestyle On Inflammation
01-02-2024
Diversifying Company Stock, Strategies For 401k Rollovers & Impact Of Diet And Lifestyle On Inflammation
The episode starts with a discussion on the potential rate cut by the Fed and its impact on the market. Chad also highlights the importance of diversifying your portfolio, especially if you are overweight in company stock. He shares strategies for reducing exposure to single company stock and maximizing tax benefits, including the net unrealized appreciation (NUA) tax strategy. Chad emphasizes the significance of understanding tax brackets and deductions in retirement planning. He explains how to leverage the standard deduction and capital gains tax brackets to minimize taxes and optimize your retirement income. Additionally, Chad provides valuable tips for improving your overall health, including cutting out sugar, processed foods, and alcohol, and incorporating intermittent fasting and infrared saunas. Timestamps: [00:01:13] Fed Day and rate cut. [00:06:28] First home buying challenges. [00:07:56] Commission-based stock trading. [00:11:41] Overweight in company stock. [00:17:22] Net unrealized appreciation tax benefits. [00:19:19] Endless travel pass. [00:24:15] Tax planning in retirement. [00:27:08] Rolling over 401k to IRA. [00:31:11] Mailing checks to your brokerage firm. [00:34:07] Dealing with pain and inflammation. [00:37:58] Diets and health effects. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com
Risks Associated With Concentrated Stock Positions & Importance Of Diversification
29-01-2024
Risks Associated With Concentrated Stock Positions & Importance Of Diversification
In this episode of New Focus on Wealth, certified financial planner Chad Burton dives into the important topics of retirement readiness and managing concentrated stock positions. Chad begins by sharing his personal experience attending his father's retirement party and reflecting on the concept of retirement. He then introduces the upcoming event, "Seven Steps for Retirement Readiness," hosted by EP Wealth Advisors, where he will be discussing crucial aspects of retirement planning such as taxes, income, long-term care, safe money, investing, life goals, and health and wellness. The conversation shifts to the recent rally in the market sparked by the anticipation of rate cuts by the Federal Reserve. Chad explains the implications of rate cuts and the potential impact on the economy. He also discusses the inverted yield curve and its historical correlation with recessions. The discussion then delves into the importance of asset allocation, specifically the balance between growth and value investments. Chad emphasizes the need for diversification, especially as individuals approach retirement. He highlights the performance differences between growth and value ETFs and the significance of rebalancing one's portfolio. The episode also addresses the challenges of managing concentrated stock positions. Chad provides practical steps to mitigate risk, including selling vested RSUs, trimming ESPPs, and reviewing 401(k) investments. He emphasizes the need to diversify and reduce risk as retirement approaches. Furthermore, Chad explores the strategy of selling covered calls as a way to generate income and manage concentrated positions. He explains the concept of call options and how they can be used to hedge against potential losses or create income. He also clarifies common misconceptions about selling calls and the benefits of actively managing these positions. Overall, this episode of New Focus on Wealth offers valuable insights and practical advice for individuals preparing for retirement and managing concentrated stock positions. Listeners will gain a deeper understanding of retirement readiness and the importance of diversification in building a secure financial future. Timestamps: [00:03:08] Recent rally sparked by rate cuts. [00:06:06] Inverted yield curve and recession. [00:07:32] Rebalancing investment portfolios. [00:12:05] Tech wreck and higher interest rates. [00:18:08] Concentrated stock positions. [00:19:30] Concentrating on stock positions. [00:23:05] Mega Roth 401k option. [00:26:46] Retirement and wealth issues. [00:30:09] Selling covered calls. [00:33:28] Diversification through selling calls. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com
2023: A Year of Interest Rate Volatility / Financial Planning Tips for 2024
04-01-2024
2023: A Year of Interest Rate Volatility / Financial Planning Tips for 2024
In 2023, interest rates underwent significant fluctuations, starting with an inversion where the two-year U.S. Treasury paid more than the 10-year U.S. Treasury. However, as the year progressed, interest rates rallied. By year-end, the 10-year U.S. Treasury rate stood at approximately 3.88%, reaching a peak of 4% at one point. Meanwhile, the two-year treasury closed the year at 4.23%. This unprecedented volatility in interest rates had a profound impact on the market. The episode highlights the strong performance of the NASDAQ, with the QQQ ETF rallying by 54.85%. This indicates that the QQQ ETF, which tracks the NASDAQ's performance, achieved a total return of 54.85% in 2023. This remarkable increase surpassed other major indexes like the S&P 500. The NASDAQ's robust performance can be attributed to the recovery of tech stocks, which had experienced a decline in the previous year. Additionally, the S&P 500 delivered a total return of 26.19% in 2023, indicating a positive year, albeit not as strong as the NASDAQ. In 2023, growth stocks significantly outperformed value stocks. The NASDAQ, which heavily comprises growth stocks, achieved a total return of 54.85% for the year, while the S&P 500, consisting of a mix of growth and value stocks, achieved a total return of 26.19%. This highlights the strong performance of growth stocks in the market. However, it remains crucial to maintain a balanced portfolio that includes both growth and value stocks. While growth stocks may have outperformed in 2023, value stocks tend to exhibit more stability and provide consistent returns over the long term. Value stocks are often attractively priced and possess lower price-to-earnings ratios, making them more resilient during market volatility. By incorporating both growth and value stocks into a balanced portfolio, investors can benefit from the potential upside of growth stocks while enjoying the stability of value stocks. This approach helps mitigate risk and provides more consistent returns over the long term. Furthermore, diversifying the portfolio by including different asset classes, such as bonds and international stocks, can further enhance stability and performance. Spreading investments across various sectors and regions reduces the impact of any single investment or market segment on the overall portfolio. In summary, while growth stocks may have outperformed in 2023, it is essential to maintain a balanced portfolio that includes both growth and value stocks, along with other asset classes. This approach enables investors to achieve consistent returns and mitigate risk over the long term. Timestamps: [00:05:06] Wild ride in interest rates. [00:09:29] Endless travel for $2,500. [00:09:58] Value versus growth investing. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com
Tax Loss Harvesting & Direct Indexing
22-12-2023
Tax Loss Harvesting & Direct Indexing
In this episode of New Focus on Wealth, certified financial planner Chad Burton provides valuable insights into the current state of the market and offers expert advice on managing your investments. Chad discusses the recent market rally since November 1st, highlighting the performance of various asset classes such as the S&P 500, equal-weighted S&P 500 ETF, emerging markets, international developed markets, Russell 2000, and bonds. He emphasizes the importance of diversification and the potential opportunities in areas that have experienced price declines. The episode also delves into the concept of tax loss harvesting, where Chad explains how investors can strategically sell assets showing losses to offset gains and reduce their tax liability. He provides examples and tips on how to effectively implement this strategy in a taxable investment account. Furthermore, Chad explores the benefits of direct indexing for high-net-worth individuals, explaining how it allows investors to replicate the holdings of an index fund or ETF and actively manage their portfolio to optimize tax efficiency. Timestamps: [00:00:41] Market performance since November 1st. [00:07:18] Large cap outperformance versus small cap. [00:10:09] Bond market volatility. [00:18:38] Retirement planning resources. [00:19:35] Managing taxes on portfolios. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com
The Future of Airline Miles: Devaluation or Opportunity?
06-12-2023
The Future of Airline Miles: Devaluation or Opportunity?
In this episode of "New Focus on Wealth," certified financial planner Chad Burton provides a comprehensive market update, discussing the recent rally in stocks, the bond market, and the potential impact of the Federal Reserve's interest rate decisions. He highlights the performance of different indexes, such as the NASDAQ, S&P 500, and Russell 2000, and emphasizes the importance of diversification in a balanced portfolio. Chad also delves into the value of credit card points and airline miles, addressing concerns about potential devaluation and the impact of the Credit Card Competition Act. Additionally, he shares insights on the significance of water consumption for overall health and retirement readiness, emphasizing the importance of staying hydrated and maintaining a healthy lifestyle. The episode concludes with a reminder to sign up for a webinar on retirement readiness and the benefits of using a corporate bond ladder in retirement planning. Timestamps: [00:01:10] Market update and rally. [00:03:42] Commercial refinance issue coming up. [00:08:46] Small cap market performance. [00:13:13] Value versus growth performance. [00:16:41] Market oversold in 2022. [00:19:30] Endless travel pass. [00:23:31] Retirement portfolio strategies. [00:26:05] Air miles devaluation concerns. [00:29:23] Value of airline miles. [00:33:56] Water consumption and health. [00:37:24] Retirement and community living. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com
Dynamic Withdrawal Strategies, Charlie Munger's Legacy, HSA Accounts & Retirement Readiness
30-11-2023
Dynamic Withdrawal Strategies, Charlie Munger's Legacy, HSA Accounts & Retirement Readiness
In this episode of "New Focus on Wealth," certified financial planner Chad Burton discusses various topics related to retirement planning and financial security. He starts by paying tribute to Charlie Munger, vice chairman of Berkshire Hathaway, who recently passed away. Chad then delves into the performance of Berkshire Hathaway over the years and highlights the differences between its A and B shares. He also provides an update on the overall market and discusses the importance of having a dynamic withdrawal strategy in retirement, taking into account factors such as tax planning, healthcare costs, and market cycles. Chad emphasizes the need to track expenses, consider long-term care insurance, and utilize health savings accounts (HSAs) for retirement planning. He concludes by stressing the significance of maintaining good health and staying active in retirement. Listeners are invited to sign up for a webinar on the seven steps for retirement readiness, hosted by Chad and Rob Black. Timestamp: [00:01:33] Charlie Munger's passing. [00:05:24] Value investing performance. [00:09:41] Layaway and credit card usage. [00:13:59] Medicare and supplemental insurance. [00:17:42] Retirement withdrawal strategy. [00:19:16] Endless travel for $2,500. [00:24:18] Running Retirement on Fixed Budget. [00:27:31] Long-term care costs. [00:30:10] Long-term care insurance policies. [00:33:33] Health Savings Account benefits. [00:37:21] A shocking dance floor accident. [00:41:13] The 4% draw rate. [00:45:09] The benefits of EP Wealth's software. [00:47:52] Seven steps to retirement readiness. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com