Branden & Carisa address the critical question facing many in their late fifties and early sixties: should you pay off your mortgage or invest for retirement? With mortgage rates as low as 2.5%, we explore the potential benefits of directing extra funds into short-term treasuries and other investments over accelerating mortgage payments. We also shed light on the often misunderstood world of self-directed IRAs, emphasizing the importance of expert advice to navigate their complexities and avoid costly mistakes.

Life insurance is another hot topic we tackle, specifically the misconceptions surrounding Index Universal Life (IUL) policies. Too often, individuals are sold the wrong type of insurance for their needs, leading to financial setbacks. We break down the appropriate use cases for IULs and highlight the importance of understanding their limitations. Comparing borrowing against life insurance policies to other financial tools like HELOCs, we emphasize the necessity of informed decision-making to avoid falling for misleading sales pitches and setting unrealistic expectations.

Finally, we offer a wealth of practical financial planning and wealth-building strategies. From Dave Ramsey's Baby Steps to the importance of maintaining a long-term investment perspective, we cover the essentials of financial security. Delving into estate planning, we discuss strategies for controlling wealth for future generations and the importance of teaching children about money. We also highlight the significance of professional financial advice and the long-term benefits of making well-informed decisions. This episode is a must-listen for anyone looking to secure their financial future and build a lasting legacy.

Find Du Charme Wealth Management here:
https://www.ducharmewealth.com/

DISCLAIMER: Branden DuCharme is an investment advisor representative of and offers investment advisory services through SCF Investment Advisors, Inc. an SEC Registered Investment Advisor • 10150 Meanley Drive First Floor San Diego, CA 92131• (800) 955-2517 • www.scfsecurities.com SCF Investment Advisors, Inc. and DuCharme Wealth Management are separate entities.

The information in this podcast is current at the time of recording. It is based upon sources and data believed to be accurate and reliable. The information, opinions, and forward-looking statements expressed herein are subject to change without notice. Moreover, all comments & opinions voiced herein are for informational and entertainment purposes only and are not intended to provide specific advice or recommendations and should not be interpreted as such. Further the opinions expressed are Branden DuCharme's and his guests and do not reflect the views and opinions of SCF Investment Advisors or any of its affiliates.

Investing involves risk including possible loss of principal. No strategy assures success or protects against loss. To determine what is appropriate for you, consult your financial professional. This information is not intended to be a substitute for specific individualized tax or legal advice. DuCharme Wealth Management and SCF Investment Advisors do not provide legal or tax advice. These services are provided by separate entities.

The guest speakers featured in this podcast are not affiliated with SCF Investment Advisors nor are they affiliated with DuCharme Wealth Management unless otherwise indicated.

[00:00:00] Intro.
[00:13:23] Understanding Life Insurance Misconceptions.
[00:20:53] Analyze Risks of Permanent Life Insurance.
[00:32:12] Financial Planning and Wealth Building.
[00:44:13] Wealth Building and Giving Advice.
[00:49:00] Controlling Wealth for Future Generations.
[00:53:24] Navigating Retirement Investments and Market Volatility.
[01:04:36] Seeking Financial Advice and Consultations.

Imagine navigating the intricate maze of Medicare with confidence and clarity. In this episode, you’ll uncover essential strategies for transitioning between states and switching from Medicare Advantage plans to Medicare Supplement plans. We kick things off by sharing our personal journey of founding Cross Country Insurance, leveraging our backgrounds in the medical and rehab fields to simplify complex Medicare choices for our clients, much like guiding them through a safari filled with overwhelming options.

Discover the crucial differences between Medicare Supplement and Advantage plans, and learn how to make informed decisions about your healthcare coverage. We break down the basics of Medicare, from the no-cost hospital care under Part A to the income-based premiums of Part B. We also highlight the importance of strategic financial planning, including tax strategies and Roth conversions, to manage your income and avoid unexpected increases in Medicare premiums.

Join us as we address the potential biases in insurance advice and emphasize the need for ethical practices within the industry. Hear insightful stories about how understanding clients' health histories and fears can lead to more appropriate coverage. We delve into the importance of trust and integrity in client relationships, especially in small communities, and discuss the fundamental purpose of insurance for low probability, high impact events. This episode is packed with invaluable information to help you navigate the complex world of Medicare with greater ease and confidence.

Find Du Charme Wealth Management here:
https://www.ducharmewealth.com/

Find Brian Miller, The Medicare Tour Guide here:
https://medicaretourguide.com/

DISCLAIMER: Branden DuCharme is an investment advisor representative of and offers investment advisory services through SCF Investment Advisors, Inc. an SEC Registered Investment Advisor • 10150 Meanley Drive First Floor San Diego, CA 92131• (800) 955-2517 • www.scfsecurities.com SCF Investment Advisors, Inc. and DuCharme Wealth Management are separate entities.

The information in this podcast is current at the time of recording. It is based upon sources and data believed to be accurate and reliable. The information, opinions, and forward-looking statements expressed herein are subject to change without notice. Moreover, all comments & opinions voiced herein are for informational and entertainment purposes only and are not intended to provide specific advice or recommendations and should not be interpreted as such. Further the opinions expressed are Branden DuCharme's and his guests and do not reflect the views and opinions of SCF Investment Advisors or any of its affiliates.

Investing involves risk including possible loss of principal. No strategy assures success or protects against loss. To determine what is appropriate for you, consult your financial professional. This information is not intended to be a substitute for specific individualized tax or legal advice. DuCharme Wealth Management and SCF Investment Advisors do not provide legal or tax advice. These services are provided by separate entities.

The guest speakers featured in this podcast are not affiliated with SCF Investment Advisors nor are they affiliated with DuCharme Wealth Management unless otherwise indicated.

[00:00:00] Intro clip.
[00:03:58] Understanding Medicare Supplement vs Advantage.
[00:16:53] Navigating Medicare and Cancer Costs.
[00:25:19] Special Enrollment Periods and Behavioral Bias.
[00:29:41] Navigating Insurance Bias in Recommendations.
[00:33:58] Navigating Medicare Enrollment Periods.
[00:46:04] Financial Disclaimer and Advisory Information

#medicare #tourguide #podcast #ducharmewealthmanagement #wealth #wealthmanagement #stgeorge #southernutah

Can you imagine a retirement where you pay zero taxes? In this episode, we explore the "Power of Zero" strategy and how Indexed Universal Life (IUL) insurance can play a pivotal role in achieving a tax-free retirement. Learn the significance of low provisional income in making your Social Security benefits tax-free and why the timing of your tax planning is crucial. By integrating IUL with Roth IRAs, Roth 401(k)s, and Roth conversions, you can create a diversified and tax-efficient retirement plan.

Why do some experts like myself avoid whole life insurance policies? Discover the key differences between IUL and whole life insurance, and why cash value accumulation and loan provisions can make all the difference. We uncover the transparency issues in whole life illustrations and real-world examples where high loan interest rates made them less favorable. With IUL policies offering more favorable loan terms and potential higher returns, this discussion highlights the importance of choosing the right insurance product tailored to your retirement needs.

Lastly, we take a hard look at America's looming fiscal challenges. Featuring insights from esteemed experts Alan Auerbach and Larry Kotlikoff, we discuss the alarming $239 trillion fiscal gap and its implications for future retirees. Learn about potential solutions and the urgency of addressing these issues to avoid a critical debt-to-GDP ratio by 2043. Also, get a sneak peek into my upcoming book, "The Guru Gap," and find out how you can pre-order and receive the first chapter for free. This episode is a must-listen for anyone serious about securing their financial future.

Find Du Charme Wealth Management here:
https://www.ducharmewealth.com/

Find David McKnight here:
https://davidmcknight.com/

DISCLAIMER: Branden DuCharme is an investment advisor representative of and offers investment advisory services through SCF Investment Advisors, Inc. an SEC Registered Investment Advisor • 10150 Meanley Drive First Floor San Diego, CA 92131• (800) 955-2517 • www.scfsecurities.com SCF Investment Advisors, Inc. and DuCharme Wealth Management are separate entities.

The information in this podcast is current at the time of recording. It is based upon sources and data believed to be accurate and reliable. The information, opinions, and forward-looking statements expressed herein are subject to change without notice. Moreover, all comments & opinions voiced herein are for informational and entertainment purposes only and are not intended to provide specific advice or recommendations and should not be interpreted as such. Further the opinions expressed are Branden DuCharme's and his guests and do not reflect the views and opinions of SCF Investment Advisors or any of its affiliates.

Investing involves risk including possible loss of principal. No strategy assures success or protects against loss. To determine what is appropriate for you, consult your financial professional. This information is not intended to be a substitute for specific individualized tax or legal advice. DuCharme Wealth Management and SCF Investment Advisors do not provide legal or tax advice. These services are provided by separate entities.

The guest speakers featured in this podcast are not affiliated with SCF Investment Advisors nor are they affiliated with DuCharme Wealth Management unless otherwise indicated.

#retirementplanning #taxfreeretirement #financialfreedom #wholelifeinsurance #retirementstrategies #FiscalChallenges #financialadvice #podcast #ducharmewealthmanagement

[00:00:00] Intro clip.
[00:10:09] Comparing IUL and Whole Life Insurance.
[00:19:54] The Efficiency of Index Universal Life.
[00:28:16] The Role of IUL in Retirement.
[00:40:18] The Future of America's Fiscal Landscape.
[00:49:32] Anticipation for Book Launch.