Your Money & Your Life Podcast

Sometimes the biggest financial mistakes aren’t made with bad intentions; they come from trying to do the right thing without the right guidance. When it comes to estate planning, one simple move can trigger massive, unexpected tax consequences for your family. Today, Don walks through a real-life case where a well-meaning decision led to a six-figure tax hit. You’ll learn how capital gains rules actually work and how proper planning can help you avoid costly surprises.   Here’s some of what we discuss in this episode: 📊 Cost Basis Basics: Understand gains and exemptions ⚠️ Planning Mistake: Real estate transfer gone wrong ✅ Correct Strategies: Preserve step-up benefits 🤝 Team Approach: Coordinate advisors effectively 🏁 Your Next Step: Keys to consider before you act   Get in touch with Don and learn more: https://doncashpodcast.com/

Space missions and retirement might seem like worlds apart, but there’s a powerful connection between them. NASA’s Artemis II mission is a reminder that your retirement planning isn’t just about the day you stop working. It’s about what happens before—and after—your retirement date. In this episode, we’ll use the Artemis II mission to illustrate why the principles of space exploration mirror the best practices for achieving a successful retirement. Here’s some of what we discuss in this episode: 🚀 Artemis II is a test mission, just like the first 5 years of retirement 💡 Small mistakes in planning can snowball into major problems later 🔑 Preparation and redundancy (like diversification) are key to success 🧑‍🤝‍🧑 A strong retirement plan involves a collaborative team, just like space missions ⚖️ The goal of retirement isn’t the launch (or the finish line). It’s the long-term sustainability and legacy   What is Artemis II – https://en.wikipedia.org/wiki/Artemis_II Apollo 11 – https://en.wikipedia.org/wiki/Apollo_11 Apollo 13 – https://en.wikipedia.org/wiki/Apollo_13   Get in touch with Don and learn more: https://doncashpodcast.com/

War headlines, rising oil prices, and market swings can make it feel like something bigger is unfolding. But while each situation feels unique, the pattern is often the same- markets react, investors worry, and emotions take over. In this episode, Don continues the conversation on how global conflict impacts markets and what that means for your financial plan. He focuses on what it means to be prepared- because the real question isn’t if volatility will happen, but whether your plan is built to handle it.   Here’s some of what we discuss in this episode: ⚠️ Conflict impact: Geopolitical events can trigger short-term market swings ⛽ Oil & markets: Rising energy prices influence inflation and sentiment 📚 Historical lessons: Every crisis feels new, but patterns repeat 🧭 Planning strategy: A well-built plan prepares for uncertainty 🧠 Emotional control: Discipline matters more than predictions   Episode Links: Tariff Crash and Recovery – https://www.jpmorgan.com/insights/markets-and-economy/top-market-takeaways/tmt-liberation-day-in-retrospect-6-things-that-surprised-investors Emotions and Investing – https://investor.vanguard.com/investor-resources-education/article/the-science-behind-money-and-emotion https://www.visualcapitalist.com/sp/roller-coaster-of-emotional-investing/ Gas Prices – https://finance.yahoo.com/news/gas-prices-every-decade-since-110002903.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEzDn58B-vgIQAZ1BgK9Tl5l2kWz9H0oSs8JsLwqhPMznVi1SxTvYM7o1fLvwy2h0E_Pk5xcZu4gqt6jiP7S9RhfRjxA2fh8qI_BoAaLuP-1kb2nUGcu1JE-lvGecoq8pIcM0_Cdbmccmf21ELwbZ3_Y9HZLXQfIbaHhuMthN-FP The Ocean Gate Titan Story – https://www.usatoday.com/story/news/nation/2023/06/22/timeline-oceangate-founding-expedition-history/70344305007/ The Blues Brother’s Movie Clip – https://youtu.be/uHM9swoDTsw?si=oGQSmWLVU19QWkqV Get in touch with Don and learn more: https://doncashpodcast.com/

When global conflict breaks out, it often triggers a wave of anxiety among investors. Headlines warn of uncertainty, markets react sharply, and many people begin to wonder whether this time might truly be different. But history tells a very consistent story about how markets behave during periods of geopolitical tension. Don explains how markets have historically responded to global conflicts and why long-term investors should be cautious about reacting emotionally to short-term news.   Here’s some of what we discuss in this episode: 🌤️ Spring & March Madness: Unpredictability appears in markets too 🌍 Global Conflict Concerns: News about Iran raises investor anxiety 📈 Historical Recoveries: Markets often rebound after crises 🧩 Diversification Matters: Balanced portfolios reduce volatility risk 🎲 Speculation Risks: Emotional decisions can hurt long-term results 📰 Media Influence: Headlines often amplify fear and uncertainty   Episode Links: 150 years of Market Drop and Recoveries – https://www.morningstar.com/economy/what-weve-learned-150-years-stock-market-crashes Too Much Concentration Risk in the Stock Market – https://russellinvestments.com/content/ri/us/en/insights/russell-research/2024/09/today_s-markets-are-extremely-concentrated-what-does-this-mean-f.html How well did a well-diversified portfolio in 2022 – https://www.morningstar.com/portfolios/why-portfolio-diversification-helped-investors-2022 Lessons over the past 50 years – https://www.boldin.com/retirement/history-of-market-downturns/ The Dalbar Study – https://www.forbes.com/sites/wesmoss/2026/01/27/how-the-average-investors-returns-compare-to-the-market/ The Media Effect on the Investing – https://kayne.com/insights/why-investors-should-avoid-the-noise-of-everyday-media/   Get in touch with Don and learn more: https://doncashpodcast.com/

Tax season has a way of sneaking up on people, just like a late winter snowstorm. One minute you think you're in the clear… the next, deadlines are piling up, and forms keep showing up in the mailbox. In this episode, Don walks through the most important April 15 tax updates for 2026 and new rules that could impact higher earners. Whether you're filing, extending, contributing, or adjusting withholdings, Don provides a practical checklist to reduce stress and avoid costly mistakes before the deadline hits.   Here’s some of what we discuss in this episode: 📅 Deadlines & Extensions: What must be paid by April 15 (even with an extension) 📊 Refund Shifts & Tax Law Changes: Why lower brackets may see bigger refunds 🏡 New Jersey Tax Updates: Property tax relief, retirement exclusions, and PAS-1 filing 🎁 Charitable & QCD Planning: Smart giving strategies before filing 💰 Catch-Up Contribution Changes: Roth requirements for higher earners ✅ Final April 15 Checklist: IRA, HSA, SEP, Solo 401(k), and tax credit review   Resources for this episode: Tax estimates – https://www.irs.gov/faqs/estimated-tax/individuals/individuals-2 OBBBA – Tax changes – https://www.hrblock.com/tax-center/irs/tax-law-and-policy/one-big-beautiful-bill-taxes/?srsltid=AfmBOoocoe8Os9sGXLBBmzoSWSFq8guezLiJLObMGUi5UHfPQ4jK-HD3 SALT Deduction change – https://blog.taxact.com/what-is-the-salt-tax-deduction/ What Tax Forms Do I Need to Keep for My Taxes – https://share.google/aimode/Dir3OK4dgTglBT8rQ NJ PAS – 1 https://www.nj.gov/treasury/taxation/propertyreliefforms.shtml QCD forms – https://www.morningstar.com/retirement/irs-adds-new-reporting-code-charitable-ira-gifts Paper Checks Going Away – https://www.irs.gov/newsroom/irs-to-phase-out-paper-tax-refund-checks-starting-with-individual-taxpayers Trump Accounts –  https://trumpaccounts.gov/   Get in touch with Don and learn more: https://doncashpodcast.com/  

Some investments shine brightly, until they burn the people holding them. Don explores how emotional decisions, flashy advertisements, and market hype can quietly derail long-term financial security. Protecting your future often means resisting what looks exciting in the moment. Here’s some of what we discuss in this episode: 🧠 Emotional Investing: Fear and greed shape outcomes 📺 Financial Advertising: Hype versus real risk ₿ Crypto & Meme Stocks: Volatility and speculation 💰 Income Planning: Stability beyond market swings ⚖️ Risk Balance: Performance without overexposure Resources: Yrefy – Lawsuit https://advertisinglaw.fkks.com/post/102jz6l/yrefy-enters-into-750k-settlement-with-massachusetts-over-use-of-celebrity-endor Bitcoin Crash – https://www.tradingview.com/news/newsbtc:aaa5b3d71094b:0-why-the-bitcoin-price-crash-toward-60-000-was-necessary/ Meme Stock Crash – https://www.cnbc.com/2026/01/29/gamestop-meme-stocks-retail-investors-wall-street-young-investors.html Get in touch with Don and learn more: https://doncashpodcast.com/

Winter storms have a way of revealing weak spots, just like life’s storms bring financial surprises in retirement. In this episode, Don uses recent winter weather events as a backdrop to highlight the expenses and risks that often catch retirees off guard. The focus isn’t on panic, but preparation, and planning ahead for when life’s storms hit.   Here’s some of what we discuss in this episode: ❄️ Financial Storms: Why unexpected costs hit harder in retirement 🧰 Storm Preparation: Planning before problems appear 🔌 Backup Systems: Home generators as a planning metaphor 🧾 Expense Pressure: Healthcare and insurance costs adding up 🏠 Insurance Coverage: Knowing what policies you actually need 🛡️ Long-Term Care: Planning for one of retirement’s biggest risks   Get in touch with Don and learn more: https://doncashpodcast.com/

Start the new year strong! In this episode, Don reframes 2026 resolutions around the intersection of health, relationships, and financial planning, and shows why ignoring one often undermines the others. If you want resolutions that support your life instead of competing with it, this episode sets a better foundation for 2026! Here’s some of what we discuss in this episode: 🎯 2026 Reset: Rethinking resolutions with purpose and clarity 🏃‍♂️ Health as Wealth: Why wellness is a financial strategy 📵 Tech & Relationships: Using smartphones as tools, not substitutes 🛡️ Protection Over Growth: Reducing risk as retirement approaches 📜 Estate Plan Check: Updating beneficiaries before it’s too late Get in touch with Don and learn more: https://doncashpodcast.com/

The holidays bring something most families rarely get enough of: time together. In this special year-end episode, Don Cash highlights three important financial conversations that are often avoided, but could make a lasting difference for the people you love. Here’s some of what we discuss in this episode: 🎄 Talking with Parents About Money & Safety 🧓 The Growing Risk of Elder Financial Fraud 👨‍👩‍👧 Conversations with Kids & Grandkids 📄 Essential Documents After Age 18 💬 Spousal Conversations About Retirement & Purpose   Get in touch with Don and learn more: https://doncashpodcast.com/

As the calendar races toward December 31, Don breaks down the year-end financial moves that can save retirees thousands- both now and for years to come. In this episode, he explains why December, not April, is the true “strategy season” for tax planning and highlights the opportunities that disappear once the ball drops on New Year’s Eve. From using Qualified Charitable Distributions to reduce taxable income, to unlocking the little-known 0% capital gains bracket, to timing Roth conversions within favorable tax ranges, Don shows how proactive planning creates powerful long-term benefits. Here’s some of what we discuss in this episode: 🔄 Tax Deadlines: Why December 31 is the real planning cutoff 🎁 QCD Advantage: Donate smarter, reduce income, avoid IRMAA 📈 0% Capital Gains Bracket: Sell appreciated assets with no federal tax 🔵 Roth Conversion Sweet Spot: Staying within the 24% bracket 💡 Medicare Fixes: How to appeal unexpected IRMAA surcharges 📋 Year-End Checklist: RMDs, deductions, gifting, beneficiaries Get in touch with Don and learn more: https://doncashpodcast.com/

The holidays bring families together, and sometimes, they reveal things we’ve been too busy to notice. In this episode, Don talks about the subtle signs that a parent or loved one may need extra support and how Thanksgiving gatherings can spark important long-term care conversations. You’ll hear how the holidays are not just a celebration, but an opportunity to protect the people you love.   Here’s some of what we discuss in this episode: 🦃 Thanksgiving & Family Time: what holiday gatherings reveal about aging loved ones 👀 Holiday Reality Check: noticing changes in behavior, mobility, or routines 📍 First Steps in LTC Planning: how to begin the conversation without overwhelming anyone 🏥 Medical & Care Options: understanding home care, assisted living, and higher-level care 💸 Financial Impact: preparing for the true cost of long-term care 📄 Essential Legal Documents: powers of attorney, healthcare directives, and protection strategies   Resources for this episode: #InFocus: Local man spends 350+ days on beach in honor of late wife: https://www.fox29.com/news/infocus-local-man-spends-350-days-on-beach-in-honor-of-late-wife East of the Boardwalk: The Miracle of Ocean City’s #1 Beach Bum https://a.co/d/a356HPv   Get in touch with Don and learn more: https://doncashpodcast.com/

As the year wraps up, it’s time to make smart moves that can lower your tax bill and set you up for a stronger 2025. Don breaks down key year-end planning strategies- covering deductions, charitable giving, and state-specific opportunities- that could help you keep more of what you’ve earned. Don’t miss these insights that might save you thousands before December 31!   Here’s some of what we discuss in this episode: 💼 New Deductions: key year-end tax updates and changes for 2025 📊 Above & Below the Line: understanding how different deductions impact your AGI 💰 End of Year Strategies: planning strategies for high earners under age 65 ❤️ Giving Back: smart charitable and estate planning opportunities 🏛️ State Savings: unique New Jersey deductions and credits retirees should know 📅 Year-End Tips: what to do before December 31 to maximize savings   Get in touch with Don and learn more: https://doncashpodcast.com/

In this episode, Don and Marc huddle up for a fourth-quarter financial game plan to help you finish the year strong. With 2025 winding down, Don breaks down the key tax moves every retiree and pre-retiree should know before December 31st- including the expanded SALT deduction, the new Bonus Senior Deduction, and strategies for charitable giving and Roth conversions.   Here’s some of what we discuss in this episode: 🏈 Finishing the year strong with smart tax planning 💰 SALT deduction jumps to $40K for many households 🎁 Bonus Senior Deduction for retirees 65+ 🙌 Bunching vs. QCDs for charitable giving 🔁 Roth conversions before rates rise again 🗓️ Year-end checklist to act before Dec. 31   MyLight https://morelamplight.com/about-morelamplight/   Get in touch with Don and learn more: https://doncashpodcast.com/

The final months of the year are more than just football and holiday prep; they’re the most important time for financial strategy. As 2025 winds down, Don shares his year-end checklist for retirees and pre-retirees, covering the key moves that can save you money and set you up for success in 2026. From new tax law opportunities to shifting Medicare rules, this is the season to review, adjust, and make every dollar count. Here’s some of what we discuss in this episode: 💰 Tax Planning: Year-end opportunities under the new tax law 🧮 RMD Rules: Avoiding penalties and double distributions 🩺 Medicare Enrollment: Reviewing plans and prescription changes ❤️ Charitable Giving: Maximizing QCDs for tax-free generosity 🏡 NJ Tax Perks: Property tax breaks and “Stay NJ” benefits   Get in touch with Don and learn more: https://doncashpodcast.com/

Medicare open enrollment is almost here, and this year it’s shaping up to be one of the most dramatic seasons ever. Millions of retirees are about to lose their Advantage plans or face major changes, while even those with traditional Medicare supplements could see higher costs ahead. In this episode, Don breaks down the why, what, when, and how of the Medicare shakeup. Here’s some of what we discuss in this episode: 🍂 Medicare open enrollment runs Oct 15 – Dec 7 ⚖️ Understanding Medicare Advantage vs. Supplement 🚨 2 million people losing Advantage coverage this year 💊 Rising medical & prescription costs driving plan changes 📝 Don’s “3 M’s”: Mail, Map, and Math   Get in touch with Don and learn more: https://doncashpodcast.com/

Planning for retirement comes with a flood of questions, some about taxes, others about investments, and often about protecting your family. Today, Don breaks down New Jersey’s new property tax relief program, explains how it bundles multiple programs into one, and shares what you need to know before the October 31st deadline. Don also weighs in on life insurance, when it’s a useful tool for family protection and estate planning, and when it’s just another aggressive sales pitch. Tune in to hear Don's insights on these topics and more in this week's listener question episode!   Here’s some of what we discuss in this episode: 🏠 Decoding NJ property tax relief programs 💡 Smart questions to ask before buying life insurance 📈 Turning decades of savings into a retirement strategy 🔑 Why discipline and purpose matter more than timing the market   Get in touch with Don and learn more: https://doncashpodcast.com/

Feeling the squeeze of inflation? Even as headlines say it’s “cooling,” prices at the grocery store, restaurants, and on vacation aren’t letting up. In this episode, Don breaks down the paradox retirees face today: interest rates may be dropping, but the cost of living isn’t.   Here’s some of what we discuss in this episode: 💸 Why inflation still feels “sticky” even when the government says it’s easing 🏥 How inflation impacts healthcare, drug costs and Medicare premiums 🏠 How the generational divide impacts finances differently for millennials vs. retirees 📉 What lower interest rates mean for your savings and CDs 📊 How diversification, tax planning, and estate strategies can protect your future   Get in touch with Don and learn more: https://doncashpodcast.com/

Estate planning rules can be complex and costly if you miss a key step. In this episode, Don explains how recent changes to the estate tax exemption could impact your legacy, and why the term “permanent” in Washington rarely means forever. You’ll learn about the important concept of portability (preserving your late spouse’s unused estate tax exemption) and why filing the right form, even when no tax is owed, can save you millions.   Here’s some of what we discuss in this episode: 💰 Understand new estate tax exemption limits 🔄 Learn how portability works (and why deadlines matter) 🏦 Avoid costly filing mistakes that can erase tax savings 📉 Real case: $1.5M lost due to one oversight 📝 Key documents every 18+ year-old should have   The pros and cons of portability – https://taxschool.illinois.edu/post/pros-and-cons-of-portability/   The Wall Street Journal Article - $1.5 million portability mistake https://www.wsj.com/personal-finance/taxes/estate-taxes-portability-planning-mistakes-26111632?st=AbePZ6&reflink=desktopwebshare_permalink   Get in touch with Don and learn more: https://doncashpodcast.com/

This week, we’re back to take a deeper dive into the One Big Beautiful Bill (OBBB). Don breaks down how this sweeping legislation impacts standard deductions, estate taxes, Roth conversions, charitable giving, and more. Tune in to learn why the years 2025–2028 might be your “golden window” for smart, tax-efficient planning, and how to take full advantage of it.   Here’s some of what we discuss in this episode: 💸 Extra deduction opportunities after age 65 🏡 Estate tax changes that benefit most retirees 🔁 Strategic Roth conversion window until 2028 💰 Avoiding costly Medicare surcharges 🧾 The hidden costs of becoming a single filer   Get in touch with Don and learn more: https://doncashpodcast.com/

A new tax bill has officially passed (you’ve probably heard it mentioned as the “Big Beautiful Bill”). In this episode, Don breaks down what the newly signed bill actually means for retirees, pre-retirees, and anyone planning for their financial future. While the bill made headlines for its timing and optics, the real story lies in the planning opportunities it creates. Don walks through key updates, including the extension of current tax brackets, a higher SALT deduction cap, a new senior bonus deduction, and strategic opportunities for Roth conversions.   Here’s some of what we discuss in this episode: 🧾 What “permanent” really means in Washington tax law 📊 Extended tax brackets offer a rare window for low-tax Roth conversions 🧾 SALT deduction cap raised from $10K to $40K 💸 The new $12K “senior deduction” and its impact on Social Security taxes 💰 Estate tax exemption raised to $15M ⏳ Why 2028 could be a critical planning deadline   Get in touch with Don and learn more: https://doncashpodcast.com/

There’s a lot happening in the world right now- but quietly moving through Congress and the Senate is a major new tax bill. If passed, it could have a significant impact on retirees, investors, and families with larger estates. In this episode of Your Money and Your Life, Don breaks down the key provisions you need to know. Here’s some of what we discuss in this episode: 📉 Proposed tax breaks for retirees over 65 🧾 Why Social Security is still taxable under the new bill 🏥 Medicaid changes and how they may (or may not) affect long-term care 🏛️ Clearing up confusion on potential estate tax updates 💡Cash Corner: planning moves to protect what you love Resources for this episode: New Jersey’s Estate and Inheritance Tax Episode: https://yourmoneyyourlife.podbean.com/e/the-2025-social-security-increase-new-jersey-triple-tax-benefit/   Get in touch with Don and learn more: https://doncashpodcast.com/

We’ve all heard of FOMO: fear of missing out. But in 2025, a new investor emotion is taking center stage: FOGI, the fear of getting in. After watching market volatility, political headlines, and wild swings in interest rates, many investors are stuck sitting on the sidelines, afraid to buy back in, afraid to buy too late, and most of all, afraid of looking foolish. It’s not just about risk anymore. It’s about regret. In this episode, Don discusses the emotional roadblocks keeping investors frozen, including timing fatigue and media panic cycles. Here’s some of what we discuss in this episode: 🌀 What is FOGI and how it’s different from FOMO 💣 Why timing the market is so tempting… and so damaging 📢 The impact of media noise and headlines 🎯 What smart investors do instead of chasing or fleeing 🔄 Real strategies for getting back in without regret   Get in touch with Don and learn more: https://doncashpodcast.com/

In this eye-opening episode, Don and Marc tackle one of retirement’s most overlooked traps: double taxation on retirement income. From after-tax 401k contributions to state tax rules that sneak up on unsuspecting savers, they break down how easily your hard-earned money can get taxed more than once, and what to do about it.   Here’s some of what we discuss in this episode: 💰 What “double taxation” actually means ⚠️ How NJ tax rules increase the risk 📉 The 401k rollover mistake that’s easy to make 📋 How Form 8606 helps prevent being taxed twice 📈 Strategies to protect both you and your heirs   Get in touch with Don and learn more: https://doncashpodcast.com/

What if taxes on your Social Security benefits disappeared entirely? That’s one of several proposals being floated in Washington, and in this episode, Don and Marc break down what it could mean for retirees. They explain how Social Security benefits became taxable, why outdated income thresholds are causing more people to pay taxes today, and explore the possible reforms being discussed.   Here’s some of what we discuss in this episode: 📉 Why more retirees are paying taxes on Social Security 🕰️ How outdated income limits haven’t kept up with inflation 💡 Legal strategies to reduce (or eliminate) Social Security taxes 📊 The "provisional income" formula 💬 State tax considerations for Social Security benefits   Resources for this episode: No tax on overtime or tips and reduction of Social Security tax – Wall Street Journal https://www.wsj.com/politics/policy/overtime-tax-plan-bill-103db323?st=bdShTX&reflink=desktopwebshare_permalink IRS – How much of my Social Security benefits are taxable – https://www.irs.gov/newsroom/irs-reminds-taxpayers-their-social-security-benefits-may-be-taxable 1984 Change to Social Security – https://www.fool.com/retirement/2025/01/15/average-social-security-benefit-1984-now/ 1993 Change to Social Security – https://www.aarp.org/social-security/history-timeline/ Donald W. Cash Article on Planning in the May 2025 Slott Report – https://irahelp.com/newsletter/C2PMay2025   Get in touch with Don and learn more: https://doncashpodcast.com/

With headlines full of tariffs and political drama, it’s easy to miss a major win for New Jersey homeowners, especially retirees. In this episode of Your Money & Your Life, Don and Marc shine a spotlight on the 2025 NJ property tax relief programs that could save residents thousands of dollars. From the long-standing Property Tax Freeze program to the more recent ANCHOR rebate and the brand-new Stay NJ benefit, the guys break down who qualifies, how the programs work, and what’s changed.    Here’s some of what we discuss in this episode: 🧾 NJ’s 3 Key Property Tax Relief Programs 📦 Why NJ is fighting to keep retirees from moving away 🏡 Stay NJ: Up to $6,500 in annual property tax relief 🔍 A few nuances of these property tax programs 📅 Key deadline: PAS-1 form due by October 31, 2025   Resources for this episode: The Stay NJ Program – https://www.nj.gov/treasury/taxation/staynj/index.shtml NJ PAS-1 form (The unified Property Tax Freeze, Anchor Rebate and Stay NJ Program)– https://www.nj.gov/treasury/taxation/pdf/24-pas1cp.pdf NJ Income Tax Rates – https://blog.turbotax.intuit.com/income-tax-by-state/new-jersey-109037/ NJ Income Tax for Seniors – https://www.nj.gov/treasury/taxation/njit7.shtml   Get in touch with Don and learn more: https://doncashpodcast.com/

Tariffs, tariffs, tariffs- they’re dominating the headlines. With new tariffs implemented across nearly 90 countries, market volatility has surged, investor anxiety is rising, and confusion is everywhere. Don brings clarity to the chaos by explaining what tariffs actually are, who really pays them, and why the market is reacting the way it is. Here’s some of what we discuss in this episode: 📦 What tariffs are and who’s really footing the bill 📉 How markets are reacting to tariff headlines 🔍 The inflation impact (and media spin) 📊 Why diversification still wins in volatile markets 🔁 Historical lessons from past downturns   Get in touch with Don and learn more: https://doncashpodcast.com/

Today we’re piggybacking off last episode’s conversation about market volatility and the emotion that sets in for investors. Is this time different than market corrections of years past? People feel inclined to panic during turbulent times, so Don will explore that fear by breaking down what’s actually happening, investor fears, and what history can teach us about managing uncertainty. Here’s some of what we discuss in this episode: 📉 Market corrections are normal—how should you handle the headlines? 💡 Reversion to the mean explains why recent big gains may not last 📊 How today’s market reminds Don of the late 90s/early 200s. 📈 Diversified portfolios historically weather volatility better 🧠 The key to confidence is having a plan—and sticking to it   Get in touch with Don and learn more: https://doncashpodcast.com/

In this episode, Don Cash tackles the pressing question on everyone’s mind: Should we panic about recent market drops? With the stock market experiencing sharp fluctuations and fears of a recession looming, he breaks down the economic landscape and provides a clear perspective on what really matters for investors. 💰 Don covers inflation to the "Magnificent 7" stocks—including the dangers of market concentration and why diversification is key. He also introduces a powerful storm analogy to illustrate how many investors live on an "Island of Complacency", ignoring risks until disaster strikes. Here’s what we discuss in this episode: 🔄 The cyclical nature of market corrections – Why they happen & how to stay calm ⚠️ Understanding investment risks – The downside of putting too much in one place 📰 How media hype affects investor psychology – Separating fear from reality 📊 Why diversification matters – A balanced portfolio can mean fewer sleepless nights 🌪️ The “Island of Complacency” analogy – What happens when risk is ignored   Get in touch with Don and learn more: https://doncashpodcast.com/

In this episode, Don and Marc explore smart tax moves to consider before the April 15th deadline. They focus on ways to take advantage of accounts like IRAs and HSAs, as well as important deductions that often go overlooked. The conversation highlights opportunities to maximize savings for the 2024 tax year, covering everything from retirement contributions to charitable donations. They also explore how certain tax moves can help you minimize your taxable income, whether you're self-employed or planning for retirement. This episode offers practical tips for anyone looking to make the most of their tax situation before filing. Here’s some of what we discuss in this episode: Tax forms to be on the lookout for in retirement Strategies for maximizing IRA contributions The benefits of SEP IRAs for self-employed individuals Health savings accounts (HSAs) and their tax benefits Tax considerations for charitable contributions and qualified charitable distributions (QCDs) Resources for this episode: HSA accounts – https://www.irs.gov/publications/p969 1099 forms – https://www.kiplinger.com/retirement/tax-forms-retirees-receive-and-what-they-mean Wall Street Journal Article on 2024 Tax Planning – https://www.wsj.com/personal-finance/retirement/retirement-taxes-contributions-withdrawals-guide-bc308053?st=MNY85o&reflink=desktopwebshare_permalink   Get in touch with Don and learn more: https://doncashpodcast.com/

We knew this year would bring plenty to talk about, and so far, it's certainly living up to that expectation. In this episode, Don and Marc dive into the key economic issues making headlines: government spending, tariffs, and the DOGE (Department of Government Efficiency). With a new administration in office, they break down important economic indicators like inflation and employment, and discuss how tariffs impact both inflation and global trade. They also take a closer look at the history of tariffs, their economic effects, and why the Federal Reserve has decided to keep interest rates steady. The conversation also covers the DOGE initiative, led by Elon Musk, the tensions surrounding the project, and the growing federal deficit and what it means for taxpayers. Tune in for a timely and thought-provoking conversation today! Here’s some of what we discuss in this episode: Current key economic indicators and recent Fed actions The historical context of tariffs and their role in government revenue The Department of Government Efficiency (DOGE) and it’s purpose The controversy over DOGE’s authority and access to sensitive information The impact of Government spending on Americans Resources for this episode: The US Debt Clock https://www.usdebtclock.org/ Get in touch with Don and learn more: https://doncashpodcast.com/

Just this month, Los Angeles was ravaged by unprecedented, devastating wildfires. These catastrophic events have left thousands of homeowners grappling with total losses, denied claims, underinsurance, and unexpected coverage gaps. In the wake of these tragedies, it’s important to ask: Could this happen to you? Are you truly covered, or do you just think you are? Here’s some of what we discuss in this episode: The basics of homeowners insurance and what it typically covers Having separate flood insurance if you live in a flood-prone area Real-life examples of common insurance claims, like water leaks and fire damage Why it’s important to review your insurance policy regularly Links for today's show: FAQ’s on Homeowners Insurance – https://www.nj.gov/dobi/ins_ombudsman/om_hofaq.htm NJ Homeowners Risks – https://www.nj.com/cape-may-county/2025/01/insurance-companies-are-hiking-costs-dropping-nj-homeowners-more-often-due-to-climate-risks.html https://www.cbsnews.com/newyork/news/weather-disaster-home-insurance-new-jersey/ Check your home’s elevation – https://whatismyelevation.com/   Get in touch with Don and learn more: https://doncashpodcast.com/

Happy 2025! It’s hard to believe that 25 years have passed since the world braced itself for the so-called “Millennium Bug.” For those old enough to remember, it was a time filled with fear, speculation, and intense efforts to prevent potential chaos. This week, Don and Marc explore the parallels between then and now and reflect on the lessons learned from that era of uncertainty. Here’s some of what we discuss in this episode: Reflecting on the Y2K and its parallels to today Lessons from the Dom-Com bubble The importance of diversification in investing Looking at history and learning from the past Potential changes on the horizon in 2025 Market returns 2000-2010 https://www.bogleheads.org/forum/viewtopic.php?t=435176 Get in touch with Don and learn more: https://doncashpodcast.com/

As the holiday season approaches, many of us find ourselves gathering with loved ones, sharing stories, laughter, and sometimes, unexpected topics. In this holiday edition of the show, Don brings a fascinating mix of cheer and wisdom to the table by helping you with three vital financial conversations you can have with loved ones this holiday season. Here’s some of what we discuss in this episode: What does Don think about the drones that have been over New Jersey? Why you should talk with aging parents about their financial and legal documents. The best approach to guiding children towards financial independence. How to frame discussions with your spouse. Don’s favorite Christmas movies. Get in touch with Don and learn more: https://doncashpodcast.com/

December is here, so in this episode, Don and Marc take a moment to look ahead at what changes may be coming in 2025, particularly when it comes to IRA planning and potential tax shifts. Listen in as they break down the key factors to consider when deciding whether to convert your traditional IRA to a Roth IRA, including tax rates, the timing of your conversion, and how it fits into your overall retirement strategy. Throughout the conversation, Don shares some practical examples, such as how retired couples or those nearing retirement can benefit from converting at today’s lower tax rates. The episode also covers important considerations like Medicare premiums and the potential for future changes to Social Security taxation.   Here’s some of what we discuss in this episode: Converting traditional IRAs to Roth IRAs vs deferring taxes Ideal scenarios for conversions, such as being retired or working part-time before age 73 The potential impact of Roth conversions on Medicare premiums (IRMAA) The advantages of being married for Roth conversions Changes coming down the pike for 2025 to have on your radar   Get in touch with Don and learn more: https://doncashpodcast.com/

After months of political debates and campaign ads, the election season has finally come to a close. While some of our clients are celebrating the results, others are feeling disappointed. However, the reality is that many of the key financial issues we faced before remain unchanged. Taxes, investing, Medicare, long-term care, estate planning—these are the areas we’ll continue navigating regardless of the election outcome. In today’s episode, we’re going to discuss what we might expect now that the Republicans have secured control of the Senate and likely the House of Representatives. We’ll also dive into tax and planning considerations in the wake of the election and explore what lies ahead. Here’s some of what we discuss in this episode: The possible extension of the Tax Cuts and Jobs Act State and local tax (SALT) proposals The potential elimination of taxes on Social Security benefits The Social Security solvency issue and proposed changes Links for today's show Federal Tax Rates – https://taxfoundation.org/data/all/federal/2024-tax-brackets/ The SALT Deduction – https://suozzi.house.gov/media/in-the-news/trump-signals-hed-restore-full-salt-deduction-democrats-are-skeptical https://www.cnbc.com/2021/11/19/house-democrats-pass-package-with-80000-salt-cap-through-2030.html Taxation of Social Security Benefits – https://taxfoundation.org/blog/social-security-benefits-tax-inflation/ The Social Security Trust Fund and Future Cuts- https://www.ssa.gov/policy/docs/ssb/v70n3/v70n3p111.html The Debt Clock – https://www.usdebtclock.org/ Get in touch with Don and learn more: https://doncashpodcast.com/

Medicare Open Enrollment is upon us! Running from October 15th to December 7th, this window allows you to make important changes to your healthcare coverage. So, what should you be on the lookout for and what mistakes should you avoid during this time? Today, we’re excited to welcome the one and only Ray Martin, the owner of Martin & Associates Insurance Services in Irvine, California. who will help us navigate this process. He is the author of The Nuts & Bolts of Original Medicare, Medicare Advantage and Medicare Supplement Insurance, and is a true expert in the field. Tune in as he walks us through the ABCs of Medicare and shares valuable tips for making informed choices.   Here’s some of what we discuss in this episode: What is Medicare Open Enrollment season and how does it affect most seniors? Changes in Medicare advertising regulations The difference between Medicare Advantage and traditional Medicare plans Benefit changes in Medicare Advantage and Part D plans due to the Inflation Reduction Act The impact of IRMAA on seniors and the potential for increased costs Key mistakes to avoid during Open Enrollment   Resources for this episode: Last Medicare show – https://doncashpodcast.com/podcast/the-abcs-of-medicare/   Medicare Part D – https://www.medicare.gov/drug-coverage-part-d   Medicare Advantage – https://www.medicare.gov/health-drug-plans/health-plans/your-health-plan-options   Medicare Plan Big Changes for 2025 – https://www.wsj.com/health/healthcare/medicare-plans-are-making-big-changes-for-2025-heres-how-to-navigate-them-5c81fd05?st=aafBaT&reflink=desktopwebshare_permalink   Get in touch with Don and learn more: https://doncashpodcast.com/

In the wake of Hurricanes Helene and Milton, many are grappling with the devastation these powerful storms have caused. Now, more than ever, it’s crucial to understand how to safeguard our homes and finances against such natural disasters. In today’s episode, Don offers a comprehensive guide on protecting your assets through homeowners and flood insurance. He and Marc also share some ways that you can support those affected by Hurricane Helene.   Here’s some of what we discuss in this episode: Some ways to help those who have suffered in North Carolina The tax benefits of charitable contributions + how QCDs work Having proper homeowners’ insurance + the two sections of a homeowners policy The difference between homeowners insurance and flood insurance When to apply for flood insurance to ensure coverage   Resources for this episode: Check out the Charity Navigator HERE Visit Samaritan’s Purse National Flood Insurance Program  https://www.floodsmart.gov/get-flood-insurance?gad_source=1&gclid=Cj0KCQjw05i4BhDiARIsAB_2wfA3xCHvd2i8V70upWfIhBR3h1ewIuse_3fNgV1GVKi7IHvZtC3rM6waAuZ6EALw_wcB How to Prepare for a Storm https://www.housebeautiful.com/lifestyle/organizing-tips/a28872132/how-to-prepare-for-a-hurricane/?utm_source=google&utm_medium=cpc&utm_campaign=mgu_ga_hbl_md_pmx_hybd_mix_us_281495960970879&gad_source=1&gclid=Cj0KCQjw05i4BhDiARIsAB_2wfBk2KXH8X_geZxDfxAFL31PJVHy6FCC1VNArz7pR3cVz-XJCmjya1UaAiQdEALw_wcB What’s my home elevation? https://whatismyelevation.com/location/35.59507,-82.55426/Asheville--NC--United-States-   Get in touch with Don and learn more: https://doncashpodcast.com/

As the leaves turn and we embrace the fall season, it's the perfect time to turn the page on your financial planning and get updated on the latest news that could impact your retirement. In this episode, we’re going to update you on the projected Social Security cost of living adjustment (COLA) for 2025 and the trip tax benefit for those residing in New Jersey.   Here’s some of what we discuss in this episode: What the 2.5% increase means for your actual benefit each month. How Medicare premiums might eat into your increase. Details on the triple tax benefit for New Jersey residents. The elimination of the New Jersey estate tax, which used to be a significant burden for many families.   Resources for this episode: Historical Social Security Cost of Living Increases – https://www.ssa.gov/oact/cola/colaseries.html How the COLA is calculated – https://www.ssa.gov/oact/cola/latestCOLA.html The COLA for 2025- https://www.cnbc.com/2024/09/11/social-security-cost-of-living-adjustment-for-2025-may-be-2point5percent.html Medicare Part B Premiums and IRMAA surcharges for 2025 – https://www.kiplinger.com/retirement/medicare/medicare-premiums-2025-projected-irmaa-for-parts-b-and-d New Jersey Senior Freeze – Property Taxes https://www.nj.gov/treasury/taxation/ptr/eligibility.shtml New Jersey Anchor Benefit – https://www.nj.gov/treasury/news/2024/08132024.shtml#:~:text=Payments%20ranged%20from%20%24450%20to,the%20ANCHOR%20benefit%20this%20season. New Jersey Estate and Inheritance Taxes – https://www.nolo.com/legal-encyclopedia/new-jersey-inheritance-tax.html#:~:text=Class%20A%20beneficiaries%20are%20exempt,parent%20or%20grandparent   Get in touch with Don and learn more: https://doncashpodcast.com/

Unrealized capital gains taxes have been a hot topic in recent financial news, stirring up a mix of curiosity and concern among investors. While the current proposal targets individuals with a net worth of over $100 million, there's a lingering concern about the potential for these thresholds to be lowered over time. So what are “unrealized” capital gains and how might they impact you? In today’s episode, Don will answer that question and share his expertise on the myths, truths, and potential financial blind spots surrounding this issue.   Here’s some of what we discuss in this episode: The proposed tax on “unrealized” capital gains + who it impacts What exactly are “unrealized” capital gains? The concerns of ordinary Americans who may not have the financial resources to pay the tax on unrealized gains What does this mean for gifting to heirs? Seeking professional advice and staying informed   Resources for this episode:   9-11 Survivor Story – https://www.wsj.com/opinion/cantor-fitzgerald-bids-adieu-to-a-9-11-survivor-50de961e?st=ZMY7sY&reflink=desktopwebshare_permalink   Taxing Unrealized Capital Gains – https://mises.org/mises-wire/madness-taxing-unrealized-capital-gains?gad_source=1&gclid=CjwKCAjw_4S3BhAAEiwA_64YhvwW8eXaO4wHC0gH0OXASQ_oSMgVNb2fScsWgx7BHVT2-zq9WSDOBhoC4kcQAvD_BwE   Analysis of Harris’s Billionaire Minimum Tax on Unrealized Capital Gains – https://taxfoundation.org/blog/harris-unrealized-capital-gains-tax/   Get in touch with Don and learn more: https://doncashpodcast.com/

As summer winds down and fall approaches, it's a great time to reassess the financial landscape and prepare for the months ahead. In this episode, Don and Marc discuss the past few months' tumultuous events, the unpredictable nature of news, and its effects on the economy. Stay tuned as they highlight how market volatility and economic shifts have shaped the current outlook and what that means for the rest of the year.   Here’s some of what we discuss in this episode: The significant political and economic events of the summer + market reactions How diversification benefits investors in months of extreme volatility Upcoming events that might rock the investment world The historical performance of the markets during elections in 2012, 2016 and 2020   Get in touch with Don and learn more: https://doncashpodcast.com/

When it comes to investing, human biases often lead us astray. We have a natural tendency to react to recent news, a phenomenon known as recency bias. This can result in poor investment decisions, like selling stocks in a panic or buying into market hype. Listen in as Don and Marc talk about why it’s so important to recognize your biases, stick to your financial plan, and sometimes, do the opposite of what your instincts tell you (with the help of a financial advisor, of course).   Here’s some of what we discuss in this episode: How human biases can impact investing decisions Having a plan and sticking to it during periods of market volatility The benefits of buying low and selling high during market drops How FOMO (fear of missing out) can lead to poor financial choices Not letting financial news dictate your decisions + focusing on consistent strategies   Resources for this episode: George Costanza – Do The Opposite https://youtu.be/CizwH_T7pjg?si=qEzNf3nJzj0CvK6R Market Watch Article https://www.marketwatch.com/story/the-stock-market-is-tanking-what-should-you-do-the-opposite-of-what-you-think-c2c92cd3 Cognitive Bias https://www.sog.unc.edu/sites/www.sog.unc.edu/files/course_materials/Cognitive%20Biases%20Codex.pdf   Get in touch with Don and learn more: https://doncashpodcast.com/

Election years are always tumultuous, but the current political climate has reached new levels of unpredictability. As every election cycle seems to get more chaotic, how can you protect your portfolio? Tune in as Don explores how learning from historical events can help navigate these uncertain times.   Here’s some of what we discuss in this episode: How the political and market climate of 1968 offers insights for today’s investors Strategies to manage market volatility and avoid knee-jerk reactions during turbulent times Why maintaining a diversified portfolio is crucial for long-term stability Developing a plan that matches your goals, risk tolerance, and time horizon   Get in touch with Don and learn more: https://doncashpodcast.com/

This week’s episode serves as a warning to those neglecting their estate plans. Few stories illustrate the importance of updating beneficiary designations more poignantly than that of Jeffrey Rolison and Margaret “Peggy” Sjostedt, who dated in the 80s and broke up just a few years later. Despite their relationship ending, Jeffrey never updated the beneficiary designation on his Procter & Gamble retirement account, and Margaret stood to inherit $1 million. Listen in as Don shares a few things that we can learn from this unfortunate oversight… Here’s some of what we discuss in this episode: The story of Jeffrey Rolison, who forgot to update his beneficiary designation Jeffrey’s brothers nine-year legal battle to claim the retirement money The importance of regularly reviewing and updating your beneficiary designations   Wall Street Journal Article https://www.wsj.com/personal-finance/inherited-retirement-savings-beneficiary-breakup-divorce-849e3ff2   Get in touch with Don and learn more: https://doncashpodcast.com/

As we approach the 4th of July, it's a perfect time to reflect on the concept of independence- not just in terms of our nation, but also in our personal financial lives. In today’s episode, Don and Marc chat about some of the fascinating parallels between the celebration of Independence Day and the journey of retirement planning. Stay tuned as we talk about building a solid foundation for your financial future, celebrating milestones, looking forward to a secure and fulfilling retirement, and more!   Here’s some of what we discuss in this episode: The importance of early and thorough retirement planning Building a solid financial foundation through diligent saving, smart investing, and disciplined spending Celebrating milestones in your retirement journey and learning to enjoy the fruits of your labor Achieving financial independence and making empowered decisions on how to enjoy your retirement years Overcoming challenges in retirement planning like market volatility, inflation, and unexpected health issues   Get in touch with Don and learn more: https://doncashpodcast.com/

With the rising costs of homeownership and the looming concerns of long-term care, it's no wonder that many parents consider transferring their homes to their kids. However, this seemingly generous act can come with significant financial pitfalls and tax consequences that you may not be aware of. Join us as Don shares some important items to consider and common mistakes to look out for…   Here’s some of what we discuss in this episode: The annual gift exclusion limit for tax-free gifts in 2024 Gift exclusions for tuition and medical bills Contributing to a tax-free Roth IRA for young family members as a gifting strategy The capital gains tax implications when gifting a house versus inheriting it A few state benefits that you could lose by gifting your home to your kids   Resources for this episode: IRS Home sale exclusion – https://www.irs.gov/taxtopics/tc701 IRS Gift Credit – https://www.irs.gov/newsroom/estate-and-gift-tax-faqs NJ Property Tax Freeze – https://www.nj.gov/treasury/taxation/ptr/eligibility.shtml NJ ANCHOR benefit – https://www.nj.gov/treasury/taxation/anchor/index.shtml   Get in touch with Don and learn more: https://doncashpodcast.com/

In today’s episode, Don shares the astonishing story of attempted real estate fraud involving one of America's most iconic homes: Graceland. Did you know that the legendary estate of Elvis Presley was nearly auctioned off due to a scam? Listen in as Don takes us through the shocking details and the lessons we can learn to protect our own properties.   Here’s some of what we discuss in this episode: The history of Graceland and its ownership since Elvis's passing Details of the attempted fraud involving Graceland Information about the fake company, Naussany Investments & Private Lending Steps homeowners can take to protect themselves from similar fraudulent activities   Resources for this episode: Wall Street Journal – Judge Blocks Efforts to Auction Graceland https://www.wsj.com/real-estate/elvis-presley-graceland-riley-keough-judge-blocks-auction-fc424898?st=38uynto4rjjlffc&reflink=desktopwebshare_permalink History of Graceland https://en.wikipedia.org/wiki/Graceland Judicial Foreclosure states https://retipster.com/judicial-non-judicial-foreclosure-states-list-map/ Home Title Alert https://www.propertyfraudalert.com/select Paid Service https://www.hometitlelock.com/?gad_source=1&gclid=CjwKCAjwgdayBhBQEiwAXhMxtnBjUN38QZs4FeIk24dUxd3dEt6Lg3YaQeJYcBpS0830_ZocjwTteRoC-XwQAvD_BwE   Get in touch with Don and learn more: https://doncashpodcast.com/  

While you dream about the leisurely days ahead of you in retirement, it’s also important to think about some of the less glamorous items, including insurance. In this new season of life, your old policies may no longer suit your needs or may come to an end. So, what types of coverage should you be considering for your golden years? What do you need to keep in mind as you prep for the transition? We’re going to walk you through the fundamentals in today's episode.   Here’s some of what we discuss in this episode: Medicare supplement plans for those retiring before 65 + potential pitfalls of forgoing these plans The high expenses of long-term care services + the factors that led to rising premiums The advantages of older long-term care policies + options to modify coverage to reduce costs Life insurance and long-term care combination policies Reasons for long-term care insurance in retirement The importance of property and casualty insurance + the benefits of umbrella policies   Open Enrollment Season episode https://doncashpodcast.com/podcast/medicare-mistakes-to-avoid-during-open-enrollment-season/   Get in touch with Don and learn more: https://doncashpodcast.com/

As we approach the first week of May with tax season behind us, it’s the perfect time to look ahead. With the Tax Cuts and Jobs Act set to expire at the end of 2025, some big changes are in store for the next two years from a tax standpoint. In today’s episode, Don will dive into the changes you need to be aware of for 2024 and beyond.   Here’s some of what we discuss in this episode: Changes in the capital gains rule for homeowners + potential planning mistakes with property ownership The evolution of the taxation of Social Security benefits over the years The importance of integrating Social Security decisions into an overall retirement plan Keeping an eye on federal and state estate taxes + the importance of comprehensive estate planning   Get in touch with Don and learn more: https://doncashpodcast.com/  

Did you know that roughly 50% of people over 50 lack essential legal documents, such as wills, power of attorney, and healthcare directives? The numbers are even more concerning for younger demographics, with 80% of those under 30 lacking any basic documents. With over $84 trillion in assets set to transfer to the next generation, ensuring your estate is in order has never been more important.   Here’s some of what we discuss in this episode: The percentages of individuals across different age groups lacking essential estate planning documents The importance of powers of attorney and healthcare directives once one turns 18 Outdated legal documents, misplacing wills, and updating your estate planning materials as life changes Understanding IRA estate rules to avoid complications and tax liabilities Carefully selecting executors and trustees + sharing passwords and communicating intentions with family members   Get in touch with Don and learn more: https://doncashpodcast.com/

Spring has sprung, pollen is in the air, and we are in the middle of college basketball March Madness! With tax season also approaching, Don and Marc are here to talk about Health Savings Accounts (HSAs) and the wealth of opportunities they can provide for savers and investors. Listen in as they share some benefits of contributing to an HSA, including significant tax deductions and tax-free withdrawals for qualified medical expenses.   Here’s some of what we discuss in this episode: How HSAs work + a little history The difference between the HSA-eligible health plan and the health savings account The tax benefits an HSA offers + some potential downsides to consider The nuances of HSAs for individuals over 65 + strategic approaches for managing HSA funds post-retirement Considering HSA depletion rules + keeping proper records   Resources: IRS Rules for HSAs – Publication 969  https://www.irs.gov/publications/p969   HSA benefits that may surprise you – https://irahelp.com/slottreport/hsa-benefits-may-surprise-you/   5 HSA rules you need to know – https://irahelp.com/slottreport/5-hsa-rules-you-need-know/   Get the most out of your HSA – Wall Street Journal – https://www.wsj.com/buyside/personal-finance/what-is-an-hsa-dff3eb55?st=rxd75zyho7lfd45&reflink=desktopwebshare_permalink   Get in touch with Don and learn more: https://doncashpodcast.com/