Joe Murphy and the team bring everything you need to know about retirement and income planning in a fast paced format. Each week, the hosts and guests on the show reveal the latest developments in the financial world to keep you informed of changes that may affect you personally, while sharing some common sense strategies that will help you make the most out of your retirement savings. We are focused on helping investors preserve and grow their assets, increase their income, and reduce taxes ...
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Our small failing podcast series, for fun :)
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Joe Murphy discusses the common missteps people make when saving for retirement.
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Joe Murphy discusses the common missteps people make when saving for retirement. He emphasizes the importance of starting early, understanding investment risks, and having a solid emergency fund. The conversation also covers the rising costs of healthcare and the need for a comprehensive retirement plan. Joe provides actionable strategies for liste…
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Joe Murphy delves into the significant wealth held by Baby Boomers and the importance of effective estate planning.
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Joe Murphy delves into the significant wealth held by Baby Boomers and the importance of effective estate planning to ensure that this wealth is preserved and transferred efficiently to future generations. The discussion highlights the challenges posed by changing tax laws, healthcare costs, and the need for strategic planning to mitigate potential…
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Joe Murphy discusses the importance of adaptability in retirement planning, especially in light of the gig economy's rise.
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Joe Murphy discusses the importance of adaptability in retirement planning, especially in light of the gig economy's rise. He emphasizes the need for flexible retirement strategies to accommodate unexpected expenses and changing lifestyles. The conversation covers various retirement savings options for gig workers, the significance of diversifying …
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Joe Murphy discusses strategies for reviving retirement savings.
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Joe Murphy discusses strategies for reviving retirement savings, the importance of understanding investment movements, and maximizing employer contributions. They delve into the significance of IRAs, catch-up contributions under the Secure Act 2.0, and the necessity of managing debt and establishing emergency savings. The conversation emphasizes th…
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Joe Murphy explores the implications of artificial intelligence (AI) in retirement planning.
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Joe Murphy explores the implications of artificial intelligence (AI) in retirement planning. They discuss the potential benefits and limitations of AI in providing financial advice, emphasizing the importance of human judgment and trust in financial decision-making. The conversation highlights the need for personalized financial planning and the ri…
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Joe Murphy explores the implications of artificial intelligence (AI) in retirement planning.
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Joe Murphy explores the implications of artificial intelligence (AI) in retirement planning. They discuss the potential benefits and limitations of AI in providing financial advice, emphasizing the importance of human judgment and trust in financial decision-making. The conversation highlights the need for personalized financial planning and the ri…
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Joe Murphy and Paul Payne delve into the intricacies of life insurance, particularly focusing on the benefits of cash value in permanent policies and the importance of planning for long-term care.
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Joe Murphy and Paul Payne delve into the intricacies of life insurance, particularly focusing on the benefits of cash value in permanent policies and the importance of planning for long-term care. They discuss how life insurance can serve multiple purposes beyond just providing a death benefit, including tax-free income and financial independence. …
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Special guest Jon Shurr provides insights into Medicare options, open enrollment, and the differences between Medicare Advantage plans and supplements.
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In this episode of Wealth Health Radio, Joe Murphy and Steve Sedahl delve into the complexities of IRAs and Medicare. They discuss the differences between traditional and Roth IRAs, the importance of planning for retirement, and the nuances of Medicare, including parts A, B, and D. Special guest Jon Shurr provides insights into Medicare options, op…
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Joe Murphy breaks down the Federal Reserve interest rate cut and what it means for retirees of the past, present and future
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On a new episode of Wealth Health Radio with Joe Murphy, Joe explores the latest from the Federal Reserve and explores the impacts of the latest decision regarding interest rates, outlining how they might affect you on your retirement planning journey. Joe covers the different pieces of “advice” to challenge when planning for retirement and how to …
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Joe Murphy discusses the importance of financial planning and the need for a thorough 'deep cleaning' of one's financial situation, especially as retirement approaches.
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Joe Murphy discusses the importance of financial planning and the need for a thorough 'deep cleaning' of one's financial situation, especially as retirement approaches. He emphasizes the significance of understanding interest rate changes, decluttering financial accounts, rebalancing investment portfolios, and preparing for unexpected expenses. The…
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Joe Murphy and Steve Sedahl explore the spooky financial fears that can haunt retirement planning.
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In this Halloween special episode Joe Murphy and Steve Sedahl explore the spooky financial fears that can haunt retirement planning. They discuss various financial 'ghouls' such as zombie stocks, hidden fees, and the demons of poor financial decisions. The conversation also covers the risks of inflation, healthcare costs, long-term care, and the se…
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Joe Murphy discusses various weather-related events and how they relate to retirement planning.
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Joe Murphy discusses various weather-related events and how they relate to retirement planning. They cover topics such as the risks of retirement, the importance of diversification, the impact of inflation, and the need to plan for long-term care. They also offer advice on how to protect oneself from these risks and provide information on how liste…
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Joe Murphy discusses the psychological phases of retirement, as described by author Riley Moynes.
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Joe Murphy discusses the psychological phases of retirement, as described by author Riley Moynes. The four phases are: the vacation phase, the feeling lost phase, the trial and error phase, and the reinvent and rewire phase. The hosts emphasize the importance of planning for retirement, both financially and psychologically, to ensure a smooth trans…
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Joe Murphy and estate planning attorney Brian Less discuss the Fed's annual economic conference in Jackson Hole and the implications of the Fed's rate cut cycle.
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Joe Murphy and estate planning attorney Brian Less discuss the Fed's annual economic conference in Jackson Hole and the implications of the Fed's rate cut cycle. Brian also explains the difference between a will and a trust, highlighting the benefits of a trust in avoiding probate and providing more control over assets. The conversation then shifts…
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Joe Murphy discusses the seven habits of highly effective people and retirement readiness.
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Joe Murphy discusses the seven habits of highly effective people and retirement readiness. They emphasize the importance of accurate information and planning for retirement, using tools like calculators and budgeting. They also discuss the timeless wisdom found in self-help books and the value of gaining knowledge and perspective. The conversation …
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Joe Murphy discusses the topic of Roth conversions. He explains the benefits of a Roth IRA, such as tax-free growth and no required minimum distributions (RMDs).
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In this episode of Wealth Health Radio, Joe Murphy discusses the topic of Roth conversions. He explains the benefits of a Roth IRA, such as tax-free growth and no required minimum distributions (RMDs). He also highlights the importance of considering future tax changes and the potential impact on retirement savings. Joe discusses the process of a R…
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The conversation covers market update and pre-planning steps for near-term retirees.
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The conversation covers market update and pre-planning steps for near-term retirees. The market experienced whipsaw action, causing some panic selling by the general public, while institutions bought the dip. Warren Buffett's decision to unload 50% of his Apple stock raised eyebrows. The conversation also delves into the concept of carry trades and…
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Joe Murphy discusses the topic of Roth conversions. He explains the benefits of a Roth IRA, such as tax-free growth and no required minimum distributions (RMDs).
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In this episode of Wealth Health Radio, Joe Murphy discusses the topic of Roth conversions. He explains the benefits of a Roth IRA, such as tax-free growth and no required minimum distributions (RMDs). He also highlights the importance of considering future tax changes and the potential impact on retirement savings. Joe discusses the process of a R…
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Joe Murphy discusses the five critical pillars of retirement planning.
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In this episode of Wealth Health Radio, Joe Murphy discusses the five critical pillars of retirement planning. The first pillar is income, which is essential for maintaining the desired lifestyle in retirement. Joe emphasizes the importance of diversifying income streams to mitigate risks. The second pillar is expense management, which involves und…
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n this episode of Wealth Health Radio, Joe Murphy and Steve Sedahl discuss various topics including the market update, the Trump assassination attempt, and the appointment of JD Vance as Trump's VP. They ...
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In this episode of Wealth Health Radio, Joe Murphy and Steve Sedahl discuss various topics including the market update, the Trump assassination attempt, and the appointment of JD Vance as Trump's VP. They also delve into the concept of speculative bubbles, using examples from history such as the dot-com bubble and the housing bubble. Joe warns list…
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Joe Murphy discusses the risks that retirees face and the importance of hedging against those risks.
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In this conversation, Joe Murphy discusses the risks that retirees face and the importance of hedging against those risks. He highlights five major risks: social security reduction, health impairment, market risk, longevity risk, and legacy shortfall. Joe emphasizes the need for retirees to plan ahead and hedge against these risks to ensure a succe…
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Joe Murphy and Steve Sedahl discuss various topics, including current events, interest rates, bank stress tests, and lessons from Warren Buffett's investor playbook.
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In this episode of Wealth Health Radio, Joe Murphy and Steve Sedahl discuss various topics, including current events, interest rates, bank stress tests, and lessons from Warren Buffett's investor playbook. They emphasize the importance of understanding the impact of current events on retirement planning and the need for patience and discipline in i…
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Joe Murphy and Steve Sedahl discuss the petrodollar agreement and its impact on the global economy.
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In this conversation, Joe Murphy and Steve Sedahl discuss the petrodollar agreement and its impact on the global economy. They explore the history of the petrodollar, starting with the Bretton Woods agreement in 1944, which established fixed exchange rates and pegged currencies to the US dollar. They explain how the petrodollar system emerged, with…
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The conversation covers the proposed changes to taxation and retirement planning under President Biden's 2025 budget.
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The conversation covers the proposed changes to taxation and retirement planning under President Biden's 2025 budget. The focus is on the potential impact of these changes on individuals and corporations. The discussion highlights the potential for higher taxes on higher income earners and the negative consequences of raising corporate taxes. The c…
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The conversation covers significant changes in retirement planning, including the impact of crypto regulations, technical glitches in the stock market, the transition from defined benefit plans to defined ...
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The conversation covers significant changes in retirement planning, including the impact of crypto regulations, technical glitches in the stock market, the transition from defined benefit plans to defined contribution plans, and changes in required minimum distributions. It also discusses strategies for maximizing retirement income and the implicat…
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The conversation covers the topic of retirement planning, financial regrets, and the role of annuities in retirement income planning.
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The conversation covers the topic of retirement planning, financial regrets, and the role of annuities in retirement income planning. It emphasizes the importance of early retirement planning and the impact of inflation and market volatility on retirement savings. The discussion also delves into the different types of annuities and their suitabilit…
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Joe Murphy discusses the financial and economic stories that are causing concern and confusion.
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In this conversation, Joe Murphy discusses the financial and economic stories that are causing concern and confusion. They analyze a documentary called 'Finding the Money' and share clips from an interview with Jared Bernstein, Chair of the United States Council of Economic Advisers. They discuss the concept of modern monetary theory and its implic…
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The conversation covers the topic of retirement planning, financial regrets, and the role of annuities in retirement income planning.
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The conversation covers the topic of retirement planning, financial regrets, and the role of annuities in retirement income planning. It emphasizes the importance of early retirement planning and the impact of inflation and market volatility on retirement savings. The discussion also delves into the different types of annuities and their suitabilit…
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There are plenty of questions about retirement planning. Like how much income do I need, or will it really cost 300-thousand dollars in healthcare when I retire. We’ll answer some of the most common questions pre-retirees ask advisors on today’s show. In addition, If you think you don’t have to worry about long term care, think again. Typically, wo…
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Joe Murphy discusses various financial topics, including the importance of tax efficiency in retirement planning, the potential impact of stagflation on the economy.
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Joe Murphy discusses various financial topics, including the importance of tax efficiency in retirement planning, the potential impact of stagflation on the economy, the challenges faced by small businesses, and the strategies for building steady income in retirement. He also addresses questions about managing an individual retirement account (IRA)…
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Joe Murphy and Steve Sedahl discuss eight things to know when beginning retirement savings in your 50s.
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In this conversation, Joe Murphy and Steve Sedahl discuss eight things to know when beginning retirement savings in your 50s. They cover topics such as catch-up contributions, compounding interest, reassessing retirement age, downsizing or relocating, maximizing Social Security, healthcare costs, and debt reduction. They emphasize the importance of…
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oe Murphy discusses the potential impact of the Tax Cuts and Jobs Act (TCJA) sunsetting in 2026 and how it can affect tax rates.
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In this conversation, Joe Murphy discusses the potential impact of the Tax Cuts and Jobs Act (TCJA) sunsetting in 2026 and how it can affect tax rates. He explains the concept of Roth conversions as a strategy to take advantage of current tax rates before they potentially increase in the future. Joe also discusses the factors to consider when decid…
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Joe Murphy discusses the impact of inflation on retirement planning. He explains how inflation works and the decrease in purchasing power it causes over time.
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In this episode, Joe Murphy discusses the impact of inflation on retirement planning. He explains how inflation works and the decrease in purchasing power it causes over time. He emphasizes the importance of planning for inflation and diversifying investments to mitigate risk. Joe also highlights the need for an emergency fund and the role of a fin…
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Joe and Steve discuss various financial topics, including the national debt, retirement planning, and investing options.
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In this conversation, Joe and Steve discuss various financial topics, including the national debt, retirement planning, and investing options. They emphasize the importance of addressing the national debt and holding the government accountable for its spending. They also provide insights on retirement planning, suggesting that retirement is more ab…
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Joe Murphy highlights the importance of reliable information in the financial industry, especially in the age of social media. It warns against scams and misinformation that can be spread through platforms ...
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The conversation highlights the importance of reliable information in the financial industry, especially in the age of social media. It warns against scams and misinformation that can be spread through platforms like TikTok. The need for financial education is emphasized, particularly in schools, to empower individuals to make informed decisions. T…
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The concept of a soft landing, avoiding a recessionary GDP backtracking, is discussed.
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The financial wellness of the economy is a common concern among Americans. The Federal Reserve is playing a waiting game on rate cuts, considering factors such as inflation and market volatility. The concept of a soft landing, avoiding a recessionary GDP backtracking, is discussed. The Fed's guessing game and the concept of super core inflation are…
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Joe Murphy discusses the taxation of various sources of income in retirement.
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In this episode, Joe Murphy discusses the taxation of various sources of income in retirement. He debunks the misconception that there are no taxes in retirement and highlights the importance of tax planning. Joe explains how Social Security benefits, pensions, interest-bearing accounts, dividends, and retirement accounts are taxed. He also emphasi…
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Joe Murphy explore the You Earned It, You Keep It Act, which proposes revisions to social security.
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Celebrities often face financial challenges that require the assistance of a financial advisor to help manage their wealth and long-term financial stability. In this episode, Joe Murphy and Steve Sedahl discuss cautionary tales from Hollywood, including the financial mistakes of celebrities like Steve McNair and Billy Joel. They also explore the Yo…
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Joe Murphy and Steve Sedahl engage in casual conversation and emphasize the value of open communication in planning for retirement.
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Joe Murphy and Steve Sedahl engage in casual conversation and emphasize the value of open communication. They discuss the recent Labor Department jobs report and question the accuracy of government data. The conversation shifts to the uncertainty in the global economy and the need for careful decision-making. They address the challenge of getting s…
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In this episode of Wealth Health Radio, Joe and Steve discuss the parallels between football and retirement planning.
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In this episode of Wealth Health Radio, Joe and Steve discuss the parallels between football and retirement planning. They cover offensive strategies such as understanding goals, budgeting, learning about different investment vehicles, diversifying among asset classes, and building wealth. They also discuss defensive strategies including preventing…
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Wealth Health Radio Joe Murphy discusses important considerations for building a modern, holistic, and personalized retirement plan.
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On today's show, Joe Murphy discusses important considerations for building a modern, holistic, and personalized retirement plan. The conversation covers topics such as determining enough for retirement, inventorying accounts and taxation, moving 401k to personalized IRA, understanding Social Security, utilizing health savings accounts (HSAs), choo…
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Wealth Health Radio On this episode of Wealth Health Radio, Joe Murphy discusses various topics related to retirement planning and unexpected life events.
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On this episode of Wealth Health Radio, Joe Murphy discusses various topics related to retirement planning and unexpected life events. The conversation covers boomerang kids and the sandwich generation, downsizing and managing expenses, taxes in retirement, Hertz selling its EV fleet, saving for retirement and overlooking important factors, wealth …
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Wealth Health Radio Joe Murphy has some ways you can execute and succeed at improving your finances and reaching your financial planning goals in 2024.
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A new year with new resolutions. The question is, how long will they last. Joe Murphy has some ways you can execute and succeed at improving your finances and reaching your financial planning goals in 2024. Do you know your Social Security risk score? Joe can help you find out. That and much more on Wealth Health Radio with Joe Murphy. Call or text…
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Wealth Health Radio To kick off 2024 Joe Murphy breaks down some strategies on helping you get to retirement.
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To kick off 2024 Joe Murphy breaks down some strategies on helping you get to retirement. Topics include: longevity risk, healthcare costs, overestimating investment income and being too conservative with your investments. That and much more on Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more. See…
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Wealth Health Radio oe Murphy outlines how to avoid costly mistakes and get your financial health in order for 2024.
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You know about what it costs to run your household on a monthly basis and you know you should be padding that emergency fund. But are you? It’s the little things that can cause the biggest problems in retirement. Joe Murphy outlines how to avoid costly mistakes and get your financial health in order for 2024. That and more on this episode of Wealth…
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Wealth Health Radio To help kickstart the process Joe Murphy has put together steps to help you get started.
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As we enter 2024, it's crucial to assess your budget, debt, and investments in alignment with your financial objectives. To help kickstart the process Joe Murphy has put together steps to help you get started. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more. See o…
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Wealth Health Radio There’s plenty of talk about the future of Social Security and Joe Murphy has an opportunity for you to see if you could be subject to a reduction in your benefit.
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Turning 50 puts you firmly in the financial red zone. There are also benefits to turning another year older. Joe Murphy digs into the most common perks that kick in once you turn 50, 59 1/2 and 65. There’s plenty of talk about the future of Social Security and Joe has an opportunity for you to see if you could be subject to a reduction in your bene…
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Wealth Health Radio Joe Murphy has some tips to help shore up that game plan to help you score big in retirement.
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If you’re in the ‘financial red zone’—that’s five to ten years away from retirement, it’s more important than ever to make sure your plan is in place. Joe Murphy has some tips to help shore up that game plan to help you score big in retirement. Joe gives you an opportunity to get your own Social Security risk score. That and more on this episode of…
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Wealth Health Radio A new report graded the retirement systems of countries across the world and America earned a C+...Joe Murphy shows how you can build an A+ retirement plan.
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A new report graded the retirement systems of countries across the world and America earned a C+...Joe Murphy shows how you can build an A+ retirement plan. Worried about Social Security being there for you? Joe gives you an opportunity to get your own Social Security risk score. He talks about the Robert Shiller book Narrative Economics and how em…
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Wealth Health Radio Joe Murphy breaks down 10 of the most common reasons folks resist professional help while building their financial plans.
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There are many reasons why folks forgo working with a financial professional. Joe Murphy breaks down 10 of the most common reasons folks resist professional help while building their financial plans and explain exactly how a financial advisor would be able to help. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 8…
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