Retire SMART Podcast

This episode takes a look at several financial stories raising important questions about regulation, risk, and the rapidly changing economy. We discuss JPMorgan's relationship with prediction-market company Polymarket, the bankruptcy of a gold IRA company and the dangers facing investors, the economic impact of data centers, and why investors may want to reconsider keeping too much of their wealth sitting in cash.

What are we to make of the Nasdaq’s addition of an overnight trading session from 9pm to 4am? As a 66-year-old who has no desire to retire soon, and who is in good shape financially, what should I plan for in the event I cannot work and how should I approach my investments? And with some money in an after-tax account that I’m getting from my divorce, should I pay off my mortgage that still has 22 years left? David Brooks has answers to these questions in today’s Q&A episode.

We are joined by Rebecca Kincaid of Kincaid Wealth Management to talk about the growth of her practice, her new community-focused office, and the impact proactive tax planning has had on her business. We also discuss why effective tax planning goes far beyond simply finding deductions—and how the right strategies can create meaningful financial freedom for families and future generations.

With Nebraska football just around the corner, we kick things off by talking about the Huskers' historic sellout streak before diving into some major economic and political stories making headlines. We examine interest rates and Treasury buybacks, the historical midterm market drawdown, Brett Lindstrom's ballot troubles, and the Democratic Party's decision to move Iowa out of the top spot in the 2028 presidential primary calendar.

David examines Nebraska's position as the nation's highest net contributor to the federal government before discussing how tax and fiscal policies can influence where people and businesses choose to live and operate. The conversation then turns to education, including changing grading standards and policies at the University of Michigan, before closing with a warning about the growing popularity of day trading and gambling-style investing among young men—and the potential consequences for long-term wealth building.

What will I owe taxes on and what can I deduct from selling my house for $230,000? At 67, is it better for me to move into an adult living facility or buy another house? And what are my retirement savings options as a contract graphic designer without a 401(k)?  David Brooks has answers to these questions in today’s Q&A episode.

CPA and tax strategist Evan Marshall joins David to explain why August is one of the most important times of year for entrepreneurs to evaluate their tax strategy while there is still time to make meaningful changes before year-end. They discuss the difference between simply filing taxes and proactively planning them, including business entity structure, avoiding unnecessary purchases just for deductions, and identifying opportunities that could save entrepreneurs significant amounts of money.

Retire SMART celebrates making the Inc. 5000 list for the fifth consecutive year, a rare achievement that reflects the firm's continued growth and the hard work of its team and clients. David then breaks down the latest developments surrounding Iran, inflation, jobs, and interest rates before turning to surging corporate earnings revisions and what they could mean for the stock market and the broader economy.

Nebraska ranks among America's safest states—but also among the highest in property taxes. David examines the growing debate over property taxes, California's proposed wealth tax, why similar policies have failed around the world, and shares practical strategies for passing wealth to the next generation while preserving financial freedom.

Though we have our plan with another financial firm, is it okay for us to get a second analysis from Retire SMART? Do I need to make any changes to a trust my husband and I drew up about 10 years ago, now that my husband has passed on? And as a physician with my own practice and employees, should I stick with the SEP plan I’m currently contributing to or switch to a defined benefit plan? David Brooks has answers to these questions in today’s Q&A episode.

David welcomes financial advisor Tre Ingram for his first appearance on the podcast, sharing his journey from the West Coast back to the Midwest, new fatherhood, and why holistic financial planning is more important than ever. Together, they discuss proactive tax strategies, the hidden financial challenges retirees often overlook, and why true wealth is about creating lasting memories—not just accumulating more money.

Football season is almost here, but the bigger action may be unfolding in the financial markets. David breaks down the latest developments surrounding Iran, manufacturing growth, tariffs, and why rising leverage—from Wall Street hedge funds to everyday investors—could create significant market volatility if conditions change.

David and Chip dive into several financial and economic controversies, from growing efforts to ban lawmakers from trading individual stocks to a White House staffer accused of profiting from inside information. They also discuss why financial literacy can help prevent financial crime, question potential conflicts of interest surrounding AARP and Medicare Advantage, examine Omaha Public Schools’ proposed property tax increase, and highlight a tax strategy that can help investors diversify large stock positions without immediately triggering capital gains.

Is “Gray Divorce” caused by retirement itself or does retirement simply expose what’s been quietly building for years? What’s the deal with the low per-acre value of farmland in Nebraska? And with the 59.5 age mark to withdraw from a 401(k) without penalty, aren’t there some exceptions that allow early withdrawals without penalty? David Brooks has answers to these questions in today’s Q&A episode.

With Social Security’s projected funding shortfall moving closer, David and Brad Starken break down what a potential 18% reduction in future benefits could mean for retirees and those approaching retirement. They discuss one possible strategy for creating a guaranteed income backstop, while emphasizing that Social Security decisions are highly individualized and should account for taxes, survivor benefits, working income, and overall retirement goals.

David breaks down the latest economic and market developments, from falling unemployment claims and the Federal Reserve’s upcoming rate decision to concerns over inflation, energy prices, and the massive capital spending fueling the AI boom. He also examines the growing risks of margin debt and rising global bond yields, warning that excessive leverage and higher borrowing costs could trigger a sharp market correction.

Today, we are bringing out one of David’s “Advisor Talk” conversations from the Retire Smart media vault. David Brooks joins with Charles Dzama, founder of CD Financial out of Southern California. In the final installment of this special three-part conversation, they explore often-overlooked retirement topics including long-term care planning, risk management, and why retirees need more flexibility than many employer-sponsored retirement plans provide. They also discuss common mistakes federal employees make during the retirement process and how comprehensive planning can help protect both retirees and their families for years to come.

Today, we are bringing out one of David’s “Advisor Talk” conversations from the Retire Smart media vault. David Brooks joins with Charles Dzama, founder of CD Financial out of Southern California. As this special three-part conversation continues, they dive deeper into the unique retirement planning challenges facing federal employees, from maximizing pension and survivor benefits to reducing future tax burdens and Medicare surcharges. They also explain why successful retirement planning is about much more than investments, covering income strategies, healthcare decisions, and building a comprehensive retirement plan.

Today, we are bringing out one of David’s “Advisor Talk” conversations from the Retire Smart media vault. David Brooks joins with Charles Dzama, founder of CD Financial out of Southern California. In this first installment of a special three-part conversation, they discuss how proactive tax planning can become one of the greatest value-adds a financial advisor provides. They cover charitable giving strategies, required minimum distributions, why many retirees unknowingly pay more in taxes than necessary, and how fiduciary advisors can help clients keep more of what they've worked so hard to save.

Should investors jump into one of the year's biggest IPOs? David Brooks explains why patience may be the better strategy with SpaceX, discusses Warren Buffett's changing philanthropic plans, and explores why government housing policies continue to fuel affordability challenges. Plus, the conversation wraps up with a broader discussion about capitalism, economic incentives, and why financial literacy matters more than ever.

As a 65-year-old who will probably retire in 5 years, what is the rule about Medicare I should know? With 3 children all in their 30s who need help from time to time, how can we help them while also protecting our retirement nest egg? And I inherited an annuity from my mom who passed away earlier this year, but the agent she bought it from is no longer in business; what should I do with this account? David Brooks has answers to these questions in today’s Q&A episode.

What are the biggest retirement planning mistakes financial advisors see over and over again? David Brooks is joined by Financial Advisor Alex Murray to break down the five most common pitfalls—from tax planning and withdrawal strategies to healthcare costs, portfolio management, and the often-overlooked challenge of finding purpose in retirement.

David Brooks discusses Nebraska's governor's race following Brett Lindstrom's independent bid, examines the latest developments in Iran and their impact on oil prices, and breaks down encouraging inflation data that could shape the Federal Reserve's next moves. Learn what these headlines could mean for markets, interest rates, and the economy moving forward.

David Brooks discusses the growing trend of "gray divorce" and the significant financial challenges divorce can create during retirement. He also shares his thoughts on proposed retirement system changes, why Omaha and Lincoln continue to rank among America's least-stressed cities, and the importance of building a retirement plan that prepares you for both life's opportunities and unexpected changes.

Why don’t we see more athletes who make 7-figure financial deals putting at least 1 million dollars in a retirement account to set them up for success in the future? Being four years away from retirement, is it wiser to focus on paying off debt or piling up money in my account? And is there a good rule of thumb for how much of my IRA should be invested in safe investments at age 60? David Brooks has answers to these questions in today’s Q&A episode.

Today, David Brooks and Director of Wealth Management Josh Cheatle discuss the new "Trump Accounts" (Section 530A accounts), explaining how families can take advantage of government seed money and long-term investing to build wealth for the next generation. They also break down the latest Social Security funding projections, what they could mean for future retirees, and why having a personalized retirement income plan is more important than reacting to political headlines.

David Brooks discusses the latest economic headlines, from global tensions in the Middle East and their impact on inflation and oil prices to the latest jobs report and what it could mean for the U.S. economy. Plus, he explains why investors should pay close attention to diversification as major changes reshape the electronic payments industry and long-held company stocks face increasing disruption.

David examines the growing concentration of semiconductor stocks within the S&P 500 and what it could mean for investors if market leadership begins to shift. He also shares his perspective on minimum wage policy, Nebraska's fiscal health, rising holiday costs, and why homebuyers and real estate investors should be cautious as housing markets begin to normalize after the post-pandemic boom.

Is it true that the government could potentially raid retirement or savings accounts for additional tax revenue? And if so, how do we protect ourselves? Once I start taking RMDs, am I required to withdraw the same amount on the same date every year? And is real estate as an investment really a good plan for supplemental income during retirement? David Brooks has answers to these questions in today’s Q&A episode.

David is joined by estate planning attorney Colin Kastrick for a practical conversation about protecting family wealth and avoiding costly disputes over businesses, farms, real estate, and other legacy assets. They explain why proactive estate planning, clear communication, and the right legal structures can help preserve both your assets and your family's relationships for generations to come.

In this special Independence Day edition, David reflects on the freedoms that make the American dream possible before shifting to the latest economic headlines. He breaks down how geopolitical events, energy prices, global currency markets, and the rapid rise of AI are shaping inflation, investment risk, and what investors should be watching in the months ahead.

Today, David Brooks reveals what the dramatic rise and fall of the SpaceX IPO can teach investors about market hype and long-term investing. He also discusses why there's no universal "magic number" for retirement, explores concerns over congressional stock trading, and explains how thoughtful estate planning can help families preserve both wealth and relationships for generations.

Am I able to schedule the first initial appointment with Retire SMART without first answering so many questions beforehand? What is an “ILIT,” why should I do it, and who benefits from it? And even though David dislikes dishing out more taxes than necessary, why is he in favor of the ROTH IRA, where taxes are due upfront? David Brooks has answers to these questions in today’s Q&A episode.

Geopolitical tensions, inflation, interest rates, and the markets continue to dominate investor conversations. This week, David Brooks is joined by Mike Shudel to discuss how global events—from the Strait of Hormuz to Federal Reserve policy—could impact your portfolio, tax planning strategies, and retirement outlook, while highlighting why proactive financial planning matters more than ever.

David and Chip off this week's episode by reflecting on recent community events, a unique behind-the-scenes look inside a high-security precious metals vault, and the passing of former Federal Reserve Chairman Alan Greenspan. They also examine what record-high stock valuations, slowing corporate stock buybacks, and continued geopolitical uncertainty could mean for investors and why staying disciplined in today's market environment is more important than ever.

We continue our conversation with financial advisor Mark Rowlette, exploring how ongoing education, proven business systems, and holistic financial planning can create lasting value for both advisors and the families they serve. With David attending industry conferences and meetings this week, we're bringing you this special two-part episode in place of our usual four-episode schedule.

David welcomes fellow financial advisor Mark Rowlette to discuss what it really takes to build a successful business—from creating scalable systems and developing leadership to transitioning from salesperson to business owner. They also explore the value of mentorship, building a company that can thrive without its founder, and why long-term success is about serving more people, not simply making more money. This is the first half of a 2-part conversation; As David was traveling for industry conferences and educational events, we're featuring two episodes this week instead of our usual four.

David and Chip examine how taxes can significantly impact professional athletes, investors, and businesses, from NFL players facing steep state tax bills to the ongoing migration of wealth and corporations toward lower-tax states. They also discuss the highly anticipated SpaceX IPO, exploring the risks of investing in overhyped public offerings, the role of free markets in determining value, and why investors should approach market excitement with caution.

Is it a good idea that the Omaha city council is considering raising the minimum wage to $15? Is it okay for me to not worry about saving for retirement and simply rely on the inheritance I’ll receive from my mom after she passes? And since I have to start taking my RMDs this year, should I take some money from each of my 3 IRA accounts or just one? David Brooks has answers to these questions in today’s Q&A episode.

In this episode, David sits down with advisor Sean Swanson to explore the SMART planning process and how a comprehensive retirement strategy goes far beyond investments alone. They discuss income planning, tax mitigation, healthcare costs, legacy planning, and the collaborative team approach that helps families navigate retirement with greater confidence and clarity.

David shares highlights from a memorable trip to Washington, D.C., including a lunch with political strategist Carl Rove and reflections on leadership, history, and meaningful connections. The conversation also explores local charitable efforts, the economic impact of the College World Series on Omaha, and why recent market volatility may have more to do with investor behavior and major IPO activity than geopolitical tensions in the Middle East.

David and Chip look into the growing trend of “inheritance bullying,” where adult children pressure parents for early access to family wealth, and why clear estate planning conversations can help prevent future family conflicts. They also unpack the challenges many retirees face after leaving the workforce, including loss of purpose, social connections, and daily structure, while sharing practical ideas for building a fulfilling and meaningful retirement.

Does David support the Trump administration’s proposal for 401(k) accounts to be able to invest in private equity and cryptocurrency? When taking on a new job, am I able to roll over my existing 401(k) or will it have a negative impact? And are there any reasonable health insurance options for someone not part of a big employer plan? David Brooks has answers to these questions in today’s Q&A episode.

Certified Financial Planner Blake Grimm joins David to explore the often-overlooked financial benefits of marriage, from tax savings and Social Security strategies to insurance discounts and retirement planning opportunities. Whether you're considering a first marriage or remarriage later in life, they discuss how understanding the financial implications can help couples make more informed decisions and avoid costly surprises down the road.

David and Chip discuss the latest developments in the ongoing Iran conflict, the continued migration of wealth and businesses away from high-tax states, and what those trends could mean for investors and the broader economy. They also examine Argentina’s surprising economic turnaround under President Javier Milei, highlighting how government spending cuts, regulatory reform, and free-market policies are challenging the predictions of many economists.

David and Chip discuss the soaring costs of the AI revolution, why major companies are struggling to justify massive AI spending, and what it could mean for investors. They also explore why Omaha and Lincoln continue to rank among the best places to raise a family, while examining economic migration trends, business-friendly policies, and the ongoing debate surrounding ESG investing.

What is David’s take on “CDs,” now that they are offering better interest rates? Are “Trump Accounts” for more than just kids? And even with the Pope weighting concerns about AI infringing on human work and dignity, is David still bullish on AI? David Brooks has answers to these questions in today’s Q&A episode.

In this episode, David and Jacob unpack a costly Social Security surprise that blindsided one retiree with a $21,000 repayment notice — and explain why claiming benefits too early can create serious tax and income headaches. They break down the little-known earnings limits, the “special monthly rule,” and why police, firefighters, railroad workers, and other early retirees need a proactive strategy before turning on Social Security.

Today, David reflects on a Memorial Day weekend filled with patriotism, honoring veterans, first responders, and community leaders through events like America’s Wall of Honor and Patriotic Production's Memorial day weekend. The conversation then shifts to the markets, where David breaks down growing concerns around Iran, overheated stock valuations, and rising margin debt — explaining why investors nearing retirement should pay close attention to portfolio risk as markets continue pushing to all-time highs.

In this episode we look at the risks and opportunities surrounding major IPOs like SpaceX, explaining why investors should be cautious of the post-launch volatility that often follows highly anticipated public offerings. The conversation shifts to Iowa’s sweeping property tax reform, the evolving “4% retirement rule,” and how new investment vehicles like proposed Trump Accounts could reshape long-term retirement and wealth-building strategies for future generations.