100 episodes

Retirement talk - Redefining Wealth and Your Money with Laura Stover is a podcast that educates, entertains, and helps prepare our listeners for retirement. It's a show designed for those looking to maximize their financial efficiency and fulfill their lifestyle. It is also geared toward those needing to transition from accumulation to preservation and the necessary shift in how money is managed. Based on Laura’s two decades of experience with financial coaching and consultation to hundreds of individuals across the US, this podcast could make a difference in your retirement income, cutting your taxes, or both!
Laura shares thoughts and ideas from today’s premier experts in the field of retirement, as well as the latest in retirement trends to help you make better financial decisions regarding YOUR retirement.
In each episode, Laura will share financial news and provide insight and resources on topics such as retirement, retirement income planning, reducing unnecessary taxes, protection from market risk, wealth transfer, estate planning strategies, long-term healthcare, social security and much more.
Your host is wealth advisor Laura Stover. Laura is the CEO of LS Wealth Management. She is also the founding partner of LS Tax, a consulting and tax planning firm. Laura is a registered financial consultant and investment advisor. She attended Huntington University, as well as the prestigious Wharton School with a certification in executive leadership, and focus on entrepreneurism. She has been a co-author with Renowned Businessman Steve Forbes as well as a multiple time contributing columnist to many national publications such as the Wall Street journal, CNBC online and USA today. A sought-after speaker and entrepreneur, Laura has close to twenty years of experience as an investment advisor. She has become a well-known financial resource and a go-to advisor for national media outlets and clients across the country.
The focus starts with why you plan to retire in the first place, how you will fulfill your dreams and most efficiently organize your assets. You'll plan how to manage the growth necessary to sustain your lifestyle needs throughout your retirement journey. We want to redefine your wealth and money.

Retirement Talk Podcast with Laura Stover Redefining Wealth

    • Business
    • 4.0 • 56 Ratings

Retirement talk - Redefining Wealth and Your Money with Laura Stover is a podcast that educates, entertains, and helps prepare our listeners for retirement. It's a show designed for those looking to maximize their financial efficiency and fulfill their lifestyle. It is also geared toward those needing to transition from accumulation to preservation and the necessary shift in how money is managed. Based on Laura’s two decades of experience with financial coaching and consultation to hundreds of individuals across the US, this podcast could make a difference in your retirement income, cutting your taxes, or both!
Laura shares thoughts and ideas from today’s premier experts in the field of retirement, as well as the latest in retirement trends to help you make better financial decisions regarding YOUR retirement.
In each episode, Laura will share financial news and provide insight and resources on topics such as retirement, retirement income planning, reducing unnecessary taxes, protection from market risk, wealth transfer, estate planning strategies, long-term healthcare, social security and much more.
Your host is wealth advisor Laura Stover. Laura is the CEO of LS Wealth Management. She is also the founding partner of LS Tax, a consulting and tax planning firm. Laura is a registered financial consultant and investment advisor. She attended Huntington University, as well as the prestigious Wharton School with a certification in executive leadership, and focus on entrepreneurism. She has been a co-author with Renowned Businessman Steve Forbes as well as a multiple time contributing columnist to many national publications such as the Wall Street journal, CNBC online and USA today. A sought-after speaker and entrepreneur, Laura has close to twenty years of experience as an investment advisor. She has become a well-known financial resource and a go-to advisor for national media outlets and clients across the country.
The focus starts with why you plan to retire in the first place, how you will fulfill your dreams and most efficiently organize your assets. You'll plan how to manage the growth necessary to sustain your lifestyle needs throughout your retirement journey. We want to redefine your wealth and money.

    The Most Important Financial Goal in Retirement Isn't What You Think

    The Most Important Financial Goal in Retirement Isn't What You Think

    Today, Laura Stover, RFC® and Michael Wallin, CFP® discuss the importance of planning for retirement income and the role of annuities in retirement planning. They start by emphasizing the significance of having a solid plan in place, especially in the face of economic uncertainties like the pandemic, supply chain disruptions, inflation, and market corrections. Over one-third of Americans over the age of 50 regret not having a lifetime income source, as revealed by a recent survey. 
    We highlight the role of annuities in providing structured, guaranteed income during retirement and stress the need to identify the right annuity product for one's specific situation. Annuities are designed for income purposes rather than accumulation, which makes it important to choose a reputable insurance company.
    Laura and Michael discuss various types of annuities, including multi-year guaranteed annuities and fixed indexed annuities. They emphasize that annuities should be a part of a comprehensive retirement plan and not the sole solution. There are potential benefits to using structured notes as part of a diversified investment strategy.
    Purpose-based allocation should be the priority, where different financial tools are used to address specific financial goals in retirement. Always seek professional advice and consider individual circumstances when making financial decisions.
    Rate, Review and Subscribe to the Podcast:
    https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188
    How to Connect:
    redefiningwealth.info
    lswealthmanagement.com
    Schedule a Review: https://redefiningwealth.info/schedule/
    Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/
     

    • 27 min
    What Clients (Actually) Value Most in a Financial Advisor

    What Clients (Actually) Value Most in a Financial Advisor

    In this episode of Retirement Talk: The Redefining Wealth Show, Laura Stover, RFC® and Michael Wallin, CFP® delve into what clients value most in a financial advisor. They emphasize the importance of effective communication between clients and advisors and the need for a well-defined process that aligns discussions with clients' long-term goals. They also discuss the significance of a seasoned financial advisor with a broad spectrum of knowledge and a team approach to address various financial needs. 
    The episode highlights the value of behavioral finance in helping clients make informed decisions, particularly in uncertain market conditions. Additionally, the hosts touch on the advantages of working with independent advisors who prioritize clients' interests and provide objective advice. 
    We spend a few minutes revisiting last week’s topic, annuities, and why it’s important to have a team in place to help you navigate this complex area.
    The episode underscores the importance of a comprehensive financial plan tailored to each client's unique situation. The hosts offer complimentary strategy sessions for those seeking personalized financial guidance.
     
    Rate, Review and Subscribe to the Podcast:
    https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188
    How to Connect:
    redefiningwealth.info
    lswealthmanagement.com
    Schedule a Review: https://redefiningwealth.info/schedule/
     
    Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/
     

    • 28 min
    What Is An Annuity and When Is It A Smart Investment?

    What Is An Annuity and When Is It A Smart Investment?

    Today, Laura Stover, RFC® and Michael Wallin, CFP® discuss the importance of planning for retirement income and the role of annuities in retirement planning. They start by emphasizing the significance of having a solid plan in place, especially in the face of economic uncertainties like the pandemic, supply chain disruptions, inflation, and market corrections. They mention that over one-third of Americans over the age of 50 regret not having a lifetime income source, as revealed by a recent survey. 
    We highlight the role of annuities in providing structured, guaranteed income during retirement. They stress the need to identify the right annuity product for one's specific situation, and how annuities are designed for income purposes rather than accumulation. It’s important to choose a reputable insurance company.
    Laura and Michael discuss various types of annuities, including multi-year guaranteed annuities and fixed indexed annuities. They emphasize that annuities should be a part of a comprehensive retirement plan and not the sole solution. They also mention the potential benefits of using structured notes as part of a diversified investment strategy.
    Purpose-based allocation should be the priority, where different financial tools are used to address specific financial goals in retirement. Always seek professional advice and consider their individual circumstances when making financial decisions.
    Rate, Review and Subscribe to the Podcast:
    https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188
    How to Connect:
    redefiningwealth.info
    lswealthmanagement.com
    Schedule a Review: https://redefiningwealth.info/schedule/
     
    Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/
     

    • 29 min
    The Baby Boomer Dilemma’ Documentary Exposes America’s Failed Retirement Experiment

    The Baby Boomer Dilemma’ Documentary Exposes America’s Failed Retirement Experiment

    Laura Stover, RFC® and Michael Wallin, CFP® discuss the Baby Boomer Dilemma documentary and its implications for pre-retirees and retirees. The film talks about many topics we routinely cover on the show- the growing national debt crisis, the potential for higher tax rates in the future, and the need for proactive tax planning. The national debt has exceeded $32 trillion and is expected to rise further, potentially leading to higher tax rates in the future. Effective tax rates for Americans could reach 45% by 2030, according to predictions by experts.
    We also cover the current state of the economy and the possibility of a recession in 2024. The market is currently experiencing a recovery, but there are concerns about a potential recession next year.
    It is crucial to have  a well-diversified tax plan that includes a mix of deferred, tax-free, and taxable accounts to optimize retirement income  Roth conversions can be a valuable strategy to take advantage of current lower tax rates and create tax-free income in retirement.
    It is important to stay informed, work with a team of professionals, and have a comprehensive retirement plan that addresses income, taxes, investments, and estate planning.
    Rate, Review and Subscribe to the Podcast:
    https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188
    How to Connect:
    redefiningwealth.info
    lswealthmanagement.com
    Schedule a Review: https://redefiningwealth.info/schedule/
    Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/
     

    • 31 min
    Why 1966 Was The Worst Year to Retire (And Why That Matters in 2023)

    Why 1966 Was The Worst Year to Retire (And Why That Matters in 2023)

    Laura Stover, RFC® and Michael Wallin, CFP® discuss why 1966 was the worst year to retire and why it matters in 2023. They explore the market downturn in 1966 and its impact on retirees, as well as the similarities and differences between that time period and the current economic climate.
    The market downturn in 1966 was a harbinger for difficult times ahead, with inflation and recessions following in the years to come. The current economic climate has similarities to 1966, with factors such as civil unrest, war, supply chain issues, and a contracting labor force. The lack of pensions for retirees today makes them more vulnerable to market volatility and the need for a solid income plan. Stress testing and having a diversified investment strategy can help retirees navigate uncertain times and increase their probability of success.
    Rate, Review and Subscribe to the Podcast:
    https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188
    How to Connect:
    redefiningwealth.info
    lswealthmanagement.com
    Schedule a Review: https://redefiningwealth.info/schedule/
    Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/
    Rate, Review and Subscribe to the Podcast:
    https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188
    How to Connect:
    redefiningwealth.info
    lswealthmanagement.com
    Schedule a Review: https://redefiningwealth.info/schedule/

    • 27 min
    Are You Making These 5 Common Retirement Mistakes?

    Are You Making These 5 Common Retirement Mistakes?

    Investors often underestimate the risk in their portfolio.  Today, Laura Stover and Michael Wallin break down 5 common portfolio mistakes, as outlined by Christine Benz in Morningstar.  They are portfolio sprawl, when your assets often overlap and have too high a correlation A redundant individual stock portfolio can be risky as well. For example, if you are overly weighted in tech stocks, what happens if there is a chip shortage?
    Other risks include also-ran mutual funds, asset allocation not formed by the plan, and suboptimal asset allocation. It is crucially important to develop a plan that works for your individual situation, and stick to it.  This includes modifying your portfolio when necessary.
    Rate, Review and Subscribe to the Podcast:
    https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188
    How to Connect:
    redefiningwealth.info
    lswealthmanagement.com
    Schedule a Review: https://redefiningwealth.info/schedule/
    Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/
    Rate, Review and Subscribe to the Podcast:
    https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188
    How to Connect:
    redefiningwealth.info
    lswealthmanagement.com
    Schedule a Review: https://redefiningwealth.info/schedule/
     
    Timestamps (show notes):
    0:00:49 Discussion on common portfolio mistakes
    0:02:05 Portfolio sprawl and the importance of diversification
    0:03:41 Redundant individual stock portfolios and the risks involved
    0:05:59 The drawbacks of relying too heavily on mutual funds
    0:07:51 The benefits of diversification and asset allocation
    0:12:31 The impact of suboptimal asset location on taxes
    0:18:39 The importance of dividing assets into income and growth
    0:19:16 The need for a comprehensive retirement plan
    0:26:45 The importance of tax alpha in retirement portfolios
     

    • 30 min

Customer Reviews

4.0 out of 5
56 Ratings

56 Ratings

cedarfalls56 ,

James Sinclare

Love this podcast. I came across it looking for investment information. I listen frequently and honestly say I learn something. No pitches refreshing & Timely topics - broken down so a person like myself can understand.

apollodrbear ,

Redefining wealth by Laura Stover

I have been enjoying Laura Stover’s podcast and the guest experts. They cover a variety of financial topics at a reasonable depth.

closing bell ,

Talking Heads

Lots of talking but they’re not saying anything.
Lots of platitudes and parables that left me wondering what information they’re trying to convey. I came away feeling it was just one long sailed pitch and a gigantic waste of time.

There are other podcasts with lots of useful, evidence based, information on actual portfolio ….. this is not one of them.

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