Wealth Health Radio with Joe Murphy

Retirement is a major life transition, not just a financial milestone.

Fri, 06 Mar 2026 17:10:00 +0000

Joe Murphy delves into the multifaceted aspects of retirement, emphasizing the emotional challenges that accompany this significant life transition. Joe Murphy discusses the importance of planning not just financially, but also emotionally, as many retirees face loneliness and identity loss. The discussion also covers practical strategies for navigating retirement income, including the role of annuities and social security decisions, as well as tax strategies to optimize retirement savings. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Navigating Retirement: More Than Just a Finish Line

Fri, 27 Feb 2026 17:00:00 +0000

Joe Murphy discusses the complexities of retirement planning, emphasizing the importance of continuous planning even after reaching retirement. The conversation covers the impact of inflation, the significance of understanding Medicare costs and IRMA, the necessity of risk tolerance assessments, and the potential future implications of AI and singularity on retirement. Joe also highlights the importance of proactive tax planning and the need for a diversified tax strategy to avoid future tax burdens. Finally, he shares his investment thesis for the next decade, focusing on the infrastructure needed to support the growing demands of AI.

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Retirement Isn’t Just About Money: Building Purpose, Protecting Wealth, and Planning for What’s Next

Fri, 13 Feb 2026 17:00:00 +0000

Retirement is often painted as a finish line — the gold watch, the freedom, the long mornings with nowhere to be. But as Joe Murphy makes clear on this week’s Wealth Health Radio, retirement isn’t the end of something. It’s the beginning of a brand-new phase that demands just as much planning as the working years that came before it.

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Joe Murphy discusses essential indicators for retirement readiness

Fri, 09 Jan 2026 17:00:00 +0000

Joe Murphy discusses essential indicators for retirement readiness, including the importance of debt-free living, consistent saving habits, and diversifying income streams. He emphasizes the need for healthcare preparedness and lifestyle planning, as well as understanding retirement plans in the context of changing economic landscapes. The conversation also touches on the influence of major financial institutions like BlackRock, maximizing social security benefits, and the significance of financial literacy. Joe provides insights on planning for long-term care expenses and managing concentrated stock risk, ultimately guiding listeners towards a secure and fulfilling retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses how to crisis-proof your retirement plan amidst economic uncertainties.

Fri, 02 Jan 2026 17:55:00 +0000

Joe Murphy discusses how to crisis-proof your retirement plan amidst economic uncertainties. He emphasizes the importance of having an emergency fund, diversifying investments, and planning for healthcare costs. The conversation also delves into behavioral finance, highlighting how emotions can impact investment decisions. Joe provides insights on legacy planning and aligning financial decisions with personal values, encouraging listeners to seek professional advice for a secure retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the common fears and misconceptions surrounding retirement planning.

Fri, 12 Dec 2025 17:00:00 +0000

Joe Murphy discusses the common fears and misconceptions surrounding retirement planning. He emphasizes the importance of having a comprehensive retirement plan, highlighting various traps that retirees often fall into, such as cashing out retirement accounts, overreliance on tax-deferred accounts, and lifestyle creep. Joe also addresses the significance of healthcare planning and the timing of Social Security claims, while stressing the need for effective communication with family regarding financial matters. The conversation aims to educate listeners on how to navigate the complexities of retirement and avoid costly mistakes. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the importance of continuing to invest after retirement, addressing longevity risk, inflation, and the necessity of having an emergency fund.

Fri, 05 Dec 2025 17:00:00 +0000

Joe Murphy discusses the importance of continuing to invest after retirement, addressing longevity risk, inflation, and the necessity of having an emergency fund. He emphasizes the need for personalized asset allocation strategies based on individual risk tolerance and time horizon. The conversation also covers the significance of social security timing, required minimum distributions, and planning for long-term care. Joe provides insights on dividend stocks as a hedge against inflation and evaluates the pros and cons of managed portfolios versus index funds. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the significant impact of inflation on retirement planning.

Fri, 28 Nov 2025 17:00:00 +0000

Joe Murphy discusses the significant impact of inflation on retirement planning, highlighting the rising costs of food, healthcare, and the challenges retirees face in maintaining their purchasing power. He emphasizes the importance of safe investment options, understanding social security adjustments, and strategies for inflation-proofing retirement. The conversation also covers emotional responses to market changes, the management of property ownership in retirement, and the necessity of clear communication about financial plans with family members. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses essential year-end financial strategies that could save you a bundle.

Tue, 25 Nov 2025 20:30:00 +0000

Joe Murphy discusses essential year-end financial strategies, including required minimum distributions (RMDs), tax loss harvesting, and the benefits of qualified charitable distributions (QCDs). He emphasizes the importance of Roth conversions, gifting strategies, and maximizing 401(k) contributions. The conversation also covers flexible spending accounts (FSAs), health savings accounts (HSAs), and creating guaranteed income in retirement through annuities and dividend stocks. Joe addresses the emotional aspects of retirement, navigating financial boundaries with adult children, and adjusting to lifestyle changes, ultimately guiding listeners to find purpose in their retirement years. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the essential aspects of retirement planning, emphasizing the importance of proactive strategies to ensure financial security.

Fri, 14 Nov 2025 17:00:00 +0000

Joe Murphy discusses the essential aspects of retirement planning, emphasizing the importance of proactive strategies to ensure financial security. Topics include the realities of healthcare costs, the implications of required minimum distributions, and the significance of social security timing. Joe also addresses the challenges of market volatility, the role of cryptocurrency in investment portfolios, and the necessity of estate planning. Throughout the conversation, he encourages listeners to plan ahead and communicate effectively with family regarding financial matters. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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“Retirement Myths, Mistakes, and Money Moves: Joe Murphy Answers Your Questions”

Fri, 07 Nov 2025 17:00:00 +0000

Joe Murphy discusses the critical aspects of retirement planning, emphasizing the importance of having a tailored plan that considers longevity, healthcare costs, and social security. He highlights common misconceptions about social security and Medicare, the impact of inflation on retirement spending, and the significance of required minimum distributions and Roth conversions. The conversation also covers charitable giving strategies, portfolio management, and common retirement mistakes to avoid. Joe answers listener questions, providing insights into real-world retirement scenarios and the importance of proactive financial planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the importance of planning for a long retirement, addressing longevity risk, inflation, and the emotional aspects of retirement planning.

Fri, 31 Oct 2025 16:00:00 +0000

Joe Murphy discusses the importance of planning for a long retirement, addressing longevity risk, inflation, and the emotional aspects of retirement planning. He emphasizes the need for multiple income streams, the significance of social security timing, and the necessity of having uncomfortable conversations about health and legacy planning. The episode also features listener questions that provide insights into practical financial strategies for retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Decumulation: The Retirement Phase No One Warned You About

Fri, 24 Oct 2025 16:00:00 +0000

After decades of building your wealth, are you ready to actually enjoy it? On this week’s Wealth Health Radio, Joe Murphy and Steve Sedahl dig into one of the most overlooked parts of retirement — decumulation — the art and science of spending what you’ve saved.

From withdrawal strategies to managing risk in volatile markets, Joe breaks down how retirees can make the transition from saving mode to spending mode without fear of running out of money. Learn why the real danger in retirement isn’t overspending — it’s underliving. This week’s show isn’t just about managing money — it’s about mastering your mindset for the retirement you’ve earned.

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Joe Murphy delves into various aspects of Social Security, including taxation, benefits, and strategies for maximizing retirement income.

Fri, 17 Oct 2025 16:00:00 +0000

Joe Murphy delves into various aspects of Social Security, including taxation, benefits, and strategies for maximizing retirement income. The hosts discuss the implications of the trust fund's status, spousal strategies, and the importance of understanding healthcare coverage before Medicare. They also explore reverse mortgages as a financial tool and highlight overlooked healthcare costs that retirees should plan for. Finally, the discussion touches on housing decisions for retirees considering relocation. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy explores the multifaceted aspects of retirement, emphasizing that it is not solely about financial security but also about finding purpose.

Fri, 10 Oct 2025 16:00:00 +0000

Joe Murphy explores the multifaceted aspects of retirement, emphasizing that it is not solely about financial security but also about finding purpose, balance, and fulfillment. The speakers discuss the importance of aligning visions for couples, the role of faith and spirituality, and the necessity of creating a life plan alongside financial planning. They highlight the significance of managing time effectively, avoiding overscheduling, and embracing change as retirees transition into this new phase of life. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the essential aspects of retirement planning, emphasizing the importance of preparation for the emotional and financial transitions that come with retirement.

Fri, 03 Oct 2025 16:00:00 +0000

Joe Murphy discusses the essential aspects of retirement planning, emphasizing the importance of preparation for the emotional and financial transitions that come with retirement. He explores the current market trends, particularly the AI bubble, and how they may affect retirees' investments. The conversation also covers the significance of healthcare costs, estate planning, and budgeting for travel in retirement. Joe highlights the need for a comprehensive income inventory and the psychological impacts of retirement, urging listeners to plan ahead to ensure a fulfilling and secure retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the critical aspects of retirement planning, focusing on the often-overlooked tax implications that retirees face.

Fri, 19 Sep 2025 16:00:00 +0000

Joe Murphy discusses the critical aspects of retirement planning, focusing on the often-overlooked tax implications that retirees face. From Social Security taxation to Required Minimum Distributions (RMDs), Joe emphasizes the importance of strategic planning to minimize tax burdens and maximize retirement income. He also covers the impact of the Secure Act on inheritance, the benefits of Roth conversions, and the emotional aspects of estate planning. Listeners are encouraged to take proactive steps in their financial planning to ensure a secure and fulfilling retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the complexities of financial planning for late-life marriages, the impact of divorce on finances, and the importance of estate planning.

Fri, 12 Sep 2025 16:00:00 +0000

Joe Murphy discusses the complexities of financial planning for late-life marriages, the impact of divorce on finances, and the importance of estate planning. He emphasizes the need for clear communication and planning to avoid financial pitfalls, especially regarding required minimum distributions (RMDs) and tax implications. The conversation also covers the significance of the funded ratio as a metric for retirement readiness and the necessity of planning for long-term care to protect assets. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Retirement isn’t about more hustle—it’s about smarter alignment. Joe Murphy has the story.

Fri, 29 Aug 2025 16:00:00 +0000

They grew up on mixtapes, weathered two market crashes, and now Gen X is staring down retirement with one eye on the future—and the other on the fine print. For those who’ve saved smartly, the next move isn’t grinding harder, it’s aligning strategically. How do you shift from being a saver to becoming a true steward of your wealth? That’s the conversation we’re having today. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy kicks things off with a lighthearted look at retirement and why sometimes stepping away early is the smartest move you can make.

Fri, 22 Aug 2025 16:00:00 +0000

Joe Murphy kicks things off with a lighthearted look at retirement and why sometimes stepping away early is the smartest move you can make. With the theme “Retired early – because working late never suited me,” we explore the humor, wisdom, and life lessons that come from knowing when it’s time to trade the office clock for more freedom. It’s part storytelling, part insight, and all about making retirement feel less like an ending—and more like the start of something better. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the importance of reviewing annuities in light of changing market conditions, particularly with rising interest rates.

Fri, 15 Aug 2025 16:00:00 +0000

Joe Murphy discusses the importance of reviewing annuities in light of changing market conditions, particularly with rising interest rates. He explains how the 1035 exchange can be a valuable tool for transferring underperforming annuities without tax penalties. The conversation also covers the implications of required minimum distributions (RMDs) and presents a case study demonstrating effective RMD planning using annuities. Additionally, Joe highlights the recent changes in 401(k) plans allowing access to private equity and alternative investments, emphasizing the need for education and careful consideration in retirement planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the critical tax issues retirees face and offers strategies for tax efficiency, including the benefits of Roth conversions.

Fri, 08 Aug 2025 16:00:00 +0000

Joe Murphy discusses the critical tax issues retirees face and offers strategies for tax efficiency, including the benefits of Roth conversions. He emphasizes the importance of understanding retirement income taxation, planning for retirement decisions, and the psychological transition into retirement. The conversation also covers creating multiple income streams, managing 401(k) accounts, and navigating market corrections. Joe provides insights on the role of cash and short-term holdings in retirement stability, as well as strategies for maximizing Social Security benefits and executing Roth conversions effectively. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the evolving landscape of retirement planning, challenging traditional advice and exploring new strategies.

Fri, 01 Aug 2025 16:00:00 +0000

Joe Murphy discusses the evolving landscape of retirement planning, challenging traditional advice and exploring new strategies. He delves into the mortgage payoff myth, the downsizing dilemma, and the implications of the recent Big Beautiful Bill, which offers significant tax benefits for middle-income Americans. Additionally, Joe emphasizes the importance of maximizing 401(k) contributions and provides insights on how to navigate these financial decisions effectively. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the critical financial red flags that individuals often overlook as they approach retirement.

Fri, 18 Jul 2025 16:00:00 +0000

Joe Murphy discusses the critical financial red flags that individuals often overlook as they approach retirement. They explore economic indicators, the impact of interest rate cuts on various asset classes, and the importance of budgeting and planning for retirement. The conversation also delves into the psychological aspects of transitioning into retirement, tax strategies, healthcare planning, and the unique challenges faced by business owners and Gen Xers. The hosts emphasize the need for proactive planning and education to ensure a secure financial future. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the common financial mistakes that baby boomers make as they approach retirement.

Fri, 04 Jul 2025 16:00:00 +0000

Joe Murphy discusses the common financial mistakes that baby boomers make as they approach retirement, particularly focusing on Social Security and the importance of strategic planning. He emphasizes the need for a well-thought-out election strategy for Social Security benefits, the impact of taxes on retirement withdrawals, and the significance of understanding how divorce can affect Social Security benefits. Joe provides insights into when it might be beneficial to elect Social Security early and how to maximize benefits for both individuals and their spouses. The conversation highlights the importance of proactive financial planning to ensure a secure and fulfilling retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the importance of crisis-proofing retirement plans in light of unpredictable events such as market crashes, inflation, and healthcare costs.

Fri, 27 Jun 2025 16:00:00 +0000

Joe Murphy discusses the importance of crisis-proofing retirement plans in light of unpredictable events such as market crashes, inflation, and healthcare costs. He emphasizes the need for emergency accounts, diversification, and personalized asset allocation strategies to ensure financial security in retirement. The discussion also highlights the impact of inflation on retirement income and the necessity of planning for healthcare expenses, particularly long-term care. In this conversation, Joe Murphy discusses the critical aspects of retirement planning, focusing on healthcare costs, long-term care, and the importance of flexible withdrawal strategies. He emphasizes the need for proactive planning to avoid unexpected financial burdens, particularly in healthcare. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the often-overlooked assets that can significantly enhance retirement income.

Fri, 20 Jun 2025 16:00:00 +0000

Joe Murphy discusses the often-overlooked assets that can significantly enhance retirement income. He emphasizes the importance of recognizing hidden financial gems such as life insurance policies with cash value, health savings accounts (HSAs), and collectibles. Joe explains how these assets can bridge income gaps, provide tax advantages, and serve as valuable resources for retirement planning. Through real-life examples and case studies, he illustrates how individuals can leverage these tools to secure a more comfortable retirement. Listener questions provide insights into evaluating investment fees and the importance of strategic financial planning, particularly regarding Roth conversions and annuities. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses essential financial truths for retirement planning.

Fri, 13 Jun 2025 16:00:00 +0000

Joe Murphy discusses essential financial truths for retirement planning. They emphasize the importance of having a financial plan, understanding the impact of inflation, navigating taxes, and the significance of required minimum distributions (RMDs). The conversation also touches on the need for proper planning to address longevity and the changing economic landscape, encouraging listeners to take proactive steps towards securing their financial future. The conversation also touches on the significance of long-term care insurance and the changing landscape of education and employment. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the essential elements of retirement planning, focusing on the importance of health and financial peace of mind.

Fri, 23 May 2025 16:00:00 +0000

Joe Murphy discusses the essential elements of retirement planning, focusing on the importance of health and financial peace of mind. The conversation delves into the three main spending phases of retirement: the go-go years, slow-go years, and no-go years, emphasizing the need for strategic planning to navigate these phases effectively. Joe also highlights the trends impacting retirement, including increased longevity and rising healthcare costs, urging listeners to prepare for the unexpected in their retirement journey. Additionally, they raise awareness about the increasing prevalence of financial scams targeting seniors and stress the importance of staying engaged and curious during retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the impact of market volatility on retirement planning, emphasizing the importance of adapting strategies to ensure financial security.

Fri, 16 May 2025 16:00:00 +0000

Joe Murphy discusses the impact of market volatility on retirement planning, emphasizing the importance of adapting strategies to ensure financial security. He explores the benefits of working longer, the necessity of guaranteed income sources, and the need for dynamic spending adjustments in retirement. The conversation highlights the significance of financial education and proactive planning in navigating the complexities of retirement in today's economic climate. He concludes by evaluating the costs associated with different types of annuities and the importance of working with a financial advisor to navigate these complexities. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the current economic landscape, focusing on the recent contraction of the US economy and its implications for retirees.

Fri, 09 May 2025 16:00:00 +0000

Joe Murphy discusses the current economic landscape, focusing on the recent contraction of the US economy and its implications for retirees. He emphasizes the importance of understanding sequence of returns risk, especially during market downturns, and highlights the rising costs of healthcare and inflation as significant concerns for retirees. Joe also stresses the necessity of estate planning to ensure a smooth transfer of wealth and to avoid probate issues. Throughout the conversation, he provides practical strategies for navigating financial uncertainty and emphasizes the need for proactive planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the current economic landscape, focusing on recession indicators, consumer behavior, and the importance of stress testing retirement plans.

Fri, 02 May 2025 16:00:00 +0000

Joe Murphy discusses the current economic landscape, focusing on recession indicators, consumer behavior, and the importance of stress testing retirement plans. He highlights quirky economic signals like the lipstick index and cardboard box shipments, emphasizing the need for retirees to adapt their income strategies in a volatile market. Joe also provides insights on investment strategies to combat rising prices, including TIPS and dividend stocks, while stressing the importance of planning for longevity and inflation in retirement. Joe also shares tax strategies that can benefit retirees and stresses the importance of proactive planning to navigate potential economic downturns. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the implications of tariffs and trade wars on retirement planning.

Fri, 18 Apr 2025 16:00:00 +0000

Joe Murphy discusses the implications of tariffs and trade wars on retirement planning. He emphasizes the importance of understanding how these economic factors affect everyday expenses and investment portfolios, particularly for retirees. Insights from Jamie Dimon highlight the interconnectedness of global debt and inflation, while Joe stresses the need for proactive financial strategies, including reviewing retirement plans and maintaining cash reserves. The conversation also touches on the significance of having a solid relationship with financial advisors to navigate these uncertain times. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the impact of tariffs on retirement planning.

Fri, 11 Apr 2025 16:00:00 +0000

Joe Murphy discusses the impact of tariffs on retirement planning, emphasizing the importance of proactive strategies during market volatility. He reflects on historical market corrections, highlighting opportunities for investors to buy low and the significance of planning for retirement income. Joe encourages listeners to remain calm and consider strategies like Roth IRA contributions and conversions to navigate uncertain financial times effectively. The hosts encourage listeners to take proactive steps to protect their investments and ensure financial stability. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the significant demographic shift known as Peak 65

Mon, 17 Mar 2025 18:50:00 +0000

Joe Murphy discusses the significant demographic shift known as Peak 65, where over 4 million Americans are expected to retire annually through 2027. He highlights the challenges retirees face, including a shortage of qualified financial advisors and rising healthcare costs. Joe emphasizes the importance of proactive retirement planning, including strategies like Roth conversions to manage taxes and healthcare expenses effectively. The conversation also touches on the impact of inflation on retirement savings and the necessity of comprehensive financial planning to ensure a secure retirement. The episode concludes with listener questions, providing tailored advice on various financial scenarios. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the implications of the Japanese carry trade

Fri, 14 Mar 2025 16:00:00 +0000

Joe Murphy discusses the implications of the Japanese carry trade, the risks associated with adjustable rate mortgages, strategies for Roth conversions, the complexities of single premium immediate annuities (SPIAs) in legacy planning, and the benefits of annuities in retirement planning. Each topic is explored in depth, providing listeners with valuable insights into navigating their financial futures amidst changing economic conditions. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the essential steps to replace your paycheck in retirement.

Fri, 28 Feb 2025 17:00:00 +0000

Joe Murphy discusses the essential steps to replace your paycheck in retirement. He emphasizes the importance of planning, budgeting for expenses, understanding healthcare costs, and assessing your financial situation. Joe also covers withdrawal strategies, creating multiple income streams, and the role of dividends and annuities in retirement planning. The conversation highlights the need for a comprehensive approach to ensure financial security in retirement. The conversation also touches on the critical issue of national debt and the need for fiscal responsibility, highlighting the potential consequences of overspending and the importance of cutting government expenditures. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses a revolutionary proposal for a national retirement savings program.

Fri, 21 Feb 2025 17:00:00 +0000

Joe Murphy discusses a revolutionary proposal for a national retirement savings program put forth by Zach Buchwald, CEO of Russell Investments. They explore the implications of this proposal, comparing it to existing systems in Australia and the Netherlands, and delve into the complexities of retirement planning in the U.S. The conversation also touches on the importance of financial education, the impact of government spending on retirement, and the potential role of gold and silver in retirement planning. The conversation shifts to investment strategies, particularly focusing on gold and silver as potential hedges against inflation, while emphasizing the importance of education in making informed financial decisions. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy and Steve Sedahl discuss the implications of Trump-era tariffs on inflation and the economy, emphasizing the importance of understanding these policies for retirees.

Fri, 14 Feb 2025 17:00:00 +0000

Joe Murphy and Steve Sedahl discuss the implications of Trump-era tariffs on inflation and the economy, emphasizing the importance of understanding these policies for retirees. They explore the potential benefits and drawbacks of tariffs, particularly in relation to energy prices and domestic production. The conversation shifts to the rising value of gold and the healthcare sector's reliance on foreign ingredients, highlighting the need for strategic investment decisions. Finally, the hosts address the critical topic of estate planning, stressing the importance of having a will and the consequences of neglecting this essential aspect of financial planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy and Steve Sedahl delve into the world of exchange-traded funds (ETFs) and mutual funds, highlighting their differences, advantages, and how they can be utilized for retirement planning.

Fri, 07 Feb 2025 17:00:00 +0000

Joe Murphy and Steve Sedahl delve into the world of exchange-traded funds (ETFs) and mutual funds, highlighting their differences, advantages, and how they can be utilized for retirement planning. Joe explains the significance of understanding the nuances between various ETFs, including dividend and bond market ETFs, and emphasizes the importance of tax efficiency and low expense ratios. The discussion also covers popular ETFs like Vanguard's VIG and Schwab's SCHD, as well as the Invesco QQQ, showcasing how these investment vehicles can provide diversification and potential returns for investors. He delves into the topic of tariffs, explaining their definition, purpose, and the economic implications they carry, especially in relation to American manufacturing and consumer prices. He emphasizes the need for listeners to stay informed and proactive in their financial planning amidst these economic changes. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the critical concept of risk tolerance in retirement planning and investment strategies.

Fri, 10 Jan 2025 17:00:00 +0000

Joe Murphy discusses the critical concept of risk tolerance in retirement planning and investment strategies. He emphasizes the importance of understanding individual risk tolerance, which can change over time due to various factors such as age, income, investment experience, and personal goals. Joe also explores the emotional cycle of investing, highlighting how emotions like greed and fear can impact investment decisions. He concludes by discussing strategies for managing risk in investment portfolios and the importance of regular assessments to align investments with clients' goals. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy emphasizes the importance of budgeting as a foundational element of financial health, especially for younger clients.

Fri, 20 Dec 2024 17:00:00 +0000

Joe Murphy emphasizes the importance of budgeting as a foundational element of financial health, especially for younger clients. He discusses strategies for maximizing retirement contributions and the benefits of tax loss harvesting. The conversation highlights the need for financial literacy and disciplined saving to achieve long-term financial security. Joe Murphy discusses essential financial planning strategies for 2025. Joe emphasizes the need for proactive financial management and the benefits of working with a financial advisor to navigate these complexities. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the common missteps people make when saving for retirement.

Fri, 13 Dec 2024 17:00:00 +0000

Joe Murphy discusses the common missteps people make when saving for retirement. He emphasizes the importance of starting early, understanding investment risks, and having a solid emergency fund. The conversation also covers the rising costs of healthcare and the need for a comprehensive retirement plan. Joe provides actionable strategies for listeners to catch up on their savings and prepare for a secure financial future. They also touch on the current market conditions and the importance of having a solid financial plan. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy delves into the significant wealth held by Baby Boomers and the importance of effective estate planning.

Fri, 29 Nov 2024 18:00:00 +0000

Joe Murphy delves into the significant wealth held by Baby Boomers and the importance of effective estate planning to ensure that this wealth is preserved and transferred efficiently to future generations. The discussion highlights the challenges posed by changing tax laws, healthcare costs, and the need for strategic planning to mitigate potential losses. The Rockefeller method is contrasted with the Vanderbilt legacy to illustrate the impact of planning on wealth retention. The conversation also covers income planning amid market volatility, the management of real estate wealth, and charitable giving strategies that can provide tax benefits while supporting causes important to individuals. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the importance of adaptability in retirement planning, especially in light of the gig economy's rise.

Fri, 15 Nov 2024 17:00:00 +0000

Joe Murphy discusses the importance of adaptability in retirement planning, especially in light of the gig economy's rise. He emphasizes the need for flexible retirement strategies to accommodate unexpected expenses and changing lifestyles. The conversation covers various retirement savings options for gig workers, the significance of diversifying income streams, and the necessity of building a financial buffer to protect against unforeseen circumstances. Joe also highlights the importance of strategic investment and staying invested in the market to ensure long-term financial security. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses strategies for reviving retirement savings.

Fri, 08 Nov 2024 17:00:00 +0000

Joe Murphy discusses strategies for reviving retirement savings, the importance of understanding investment movements, and maximizing employer contributions. They delve into the significance of IRAs, catch-up contributions under the Secure Act 2.0, and the necessity of managing debt and establishing emergency savings. The conversation emphasizes the importance of financial planning and taking proactive steps towards a secure retirement. Listener questions provide practical insights into saving strategies and investment diversification. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy explores the implications of artificial intelligence (AI) in retirement planning.

Fri, 01 Nov 2024 16:00:00 +0000

Joe Murphy explores the implications of artificial intelligence (AI) in retirement planning. They discuss the potential benefits and limitations of AI in providing financial advice, emphasizing the importance of human judgment and trust in financial decision-making. The conversation highlights the need for personalized financial planning and the risks of relying solely on AI-generated advice. The hosts also draw parallels between AI and historical figures like Katherine Johnson, who exemplified the value of human expertise in critical calculations. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy explores the implications of artificial intelligence (AI) in retirement planning.

Fri, 25 Oct 2024 16:00:00 +0000

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Joe Murphy and Paul Payne delve into the intricacies of life insurance, particularly focusing on the benefits of cash value in permanent policies and the importance of planning for long-term care.

Fri, 18 Oct 2024 16:00:00 +0000

Joe Murphy and Paul Payne delve into the intricacies of life insurance, particularly focusing on the benefits of cash value in permanent policies and the importance of planning for long-term care. They discuss how life insurance can serve multiple purposes beyond just providing a death benefit, including tax-free income and financial independence. The conversation emphasizes the need for education in understanding life insurance products and the potential pitfalls of traditional long-term care insurance. Paul shares innovative strategies for utilizing life insurance to protect against long-term care costs, highlighting the importance of customizing insurance plans to fit individual needs and circumstances. Call or text 800-930-5905. Visit MWMFinancial.Tax.

Visit Payne Financial Solutions to learn more.

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Special guest Jon Shurr provides insights into Medicare options, open enrollment, and the differences between Medicare Advantage plans and supplements.

Fri, 11 Oct 2024 16:00:00 +0000

In this episode of Wealth Health Radio, Joe Murphy and Steve Sedahl delve into the complexities of IRAs and Medicare. They discuss the differences between traditional and Roth IRAs, the importance of planning for retirement, and the nuances of Medicare, including parts A, B, and D. Special guest Jon Shurr provides insights into Medicare options, open enrollment, and the differences between Medicare Advantage plans and supplements. The conversation emphasizes the need for strategic planning and the value of working with knowledgeable professionals in navigating these financial landscapes. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

Visit Shurr Insurance to learn more about Medicare.

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Joe Murphy breaks down the Federal Reserve interest rate cut and what it means for retirees of the past, present and future

Tue, 08 Oct 2024 18:59:06 +0000

On a new episode of Wealth Health Radio with Joe Murphy, Joe explores the latest from the Federal Reserve and explores the impacts of the latest decision regarding interest rates, outlining how they might affect you on your retirement planning journey. Joe covers the different pieces of “advice” to challenge when planning for retirement and how to recognize the red flags you may encounter along the way to get to your desired goal in planning your financial future–focusing on the myths surrounding spending in retirement. Murphy takes a spin in different retirement planning vehicles and finds their vehicular counterparts to help ensure you have a smooth road to retirement.

Call Joe, Amber and the team at Murphy Wealth Management at 800-930-5905 or visit MWMFinancial.tax for more information.

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Joe Murphy discusses the importance of financial planning and the need for a thorough 'deep cleaning' of one's financial situation, especially as retirement approaches.

Fri, 27 Sep 2024 16:00:00 +0000

Joe Murphy discusses the importance of financial planning and the need for a thorough 'deep cleaning' of one's financial situation, especially as retirement approaches. He emphasizes the significance of understanding interest rate changes, decluttering financial accounts, rebalancing investment portfolios, and preparing for unexpected expenses. The conversation also touches on the balance between frugality and necessary spending, the importance of healthcare planning, and the value of professional financial advice. Additionally, Joe highlights property tax considerations for Illinois residents, particularly seniors, and the importance of taking advantage of available exemptions. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy and Steve Sedahl explore the spooky financial fears that can haunt retirement planning.

Fri, 20 Sep 2024 16:00:00 +0000

In this Halloween special episode Joe Murphy and Steve Sedahl explore the spooky financial fears that can haunt retirement planning. They discuss various financial 'ghouls' such as zombie stocks, hidden fees, and the demons of poor financial decisions. The conversation also covers the risks of inflation, healthcare costs, long-term care, and the sequence of returns risk that can impact retirement savings. The hosts emphasize the importance of having a solid financial plan to navigate these challenges and prepare for potential market changes, including upcoming rate cuts. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses various weather-related events and how they relate to retirement planning.

Fri, 13 Sep 2024 16:00:00 +0000

Joe Murphy discusses various weather-related events and how they relate to retirement planning. They cover topics such as the risks of retirement, the importance of diversification, the impact of inflation, and the need to plan for long-term care. They also offer advice on how to protect oneself from these risks and provide information on how listeners can get in touch with Joe for further assistance. In this conversation, Joe and Steve discuss the importance of working with a financial advisor and the benefits it can bring. They highlight the accountability, expertise, and access to resources that an advisor provides. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the psychological phases of retirement, as described by author Riley Moynes.

Fri, 06 Sep 2024 16:00:00 +0000

Joe Murphy discusses the psychological phases of retirement, as described by author Riley Moynes. The four phases are: the vacation phase, the feeling lost phase, the trial and error phase, and the reinvent and rewire phase. The hosts emphasize the importance of planning for retirement, both financially and psychologically, to ensure a smooth transition and a fulfilling retirement. They also discuss the need for purpose and a sense of belonging in retirement, as well as the importance of health and maintaining a routine. The conversation concludes with a reminder to start planning for retirement as early as possible. Joe highlights the significance of tax efficiency and the role of a financial advisor in helping clients navigate the complexities of the tax code. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

The Four Phases of Retirement: What to Expect When You're Retiring by Riley Moynes.

Riley Moynes Ted Talk mentioned in the show.

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Joe Murphy and estate planning attorney Brian Less discuss the Fed's annual economic conference in Jackson Hole and the implications of the Fed's rate cut cycle.

Fri, 30 Aug 2024 16:00:00 +0000

Joe Murphy and estate planning attorney Brian Less discuss the Fed's annual economic conference in Jackson Hole and the implications of the Fed's rate cut cycle. Brian also explains the difference between a will and a trust, highlighting the benefits of a trust in avoiding probate and providing more control over assets. The conversation then shifts to long-term care planning and Medicaid asset protection trusts, with Brian explaining the options available to protect assets in the event of long-term care needs. Overall, the conversation emphasizes the importance of planning ahead and seeking professional advice to protect assets and ensure that final wishes are carried out.

Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the seven habits of highly effective people and retirement readiness.

Fri, 23 Aug 2024 16:00:00 +0000

Joe Murphy discusses the seven habits of highly effective people and retirement readiness. They emphasize the importance of accurate information and planning for retirement, using tools like calculators and budgeting. They also discuss the timeless wisdom found in self-help books and the value of gaining knowledge and perspective. The conversation then transitions to the lessons learned from the worst market crash in American history, highlighting the importance of understanding risk, diversification, and the need for liquidity. They also touch on the psychological preparedness needed for retirement and the significance of having a solid foundation in financial planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the topic of Roth conversions. He explains the benefits of a Roth IRA, such as tax-free growth and no required minimum distributions (RMDs).

Fri, 16 Aug 2024 23:01:36 +0000

In this episode of Wealth Health Radio, Joe Murphy discusses the topic of Roth conversions. He explains the benefits of a Roth IRA, such as tax-free growth and no required minimum distributions (RMDs). He also highlights the importance of considering future tax changes and the potential impact on retirement savings. Joe discusses the process of a Roth conversion and the need for careful planning and understanding of the rules. He also touches on higher-end strategies like the backdoor Roth and the mega backdoor Roth. The episode concludes with a discussion on the pro rata rule and the importance of consulting with a financial advisor for personalized advice.

Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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The conversation covers market update and pre-planning steps for near-term retirees.

Fri, 09 Aug 2024 16:00:00 +0000

The conversation covers market update and pre-planning steps for near-term retirees. The market experienced whipsaw action, causing some panic selling by the general public, while institutions bought the dip. Warren Buffett's decision to unload 50% of his Apple stock raised eyebrows. The conversation also delves into the concept of carry trades and the potential risks associated with them. The importance of a financial review, managing debt, and planning for healthcare expenses in retirement is emphasized. The episode concludes with a discussion on Social Security and the remaining steps for pre-retirees. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the topic of Roth conversions. He explains the benefits of a Roth IRA, such as tax-free growth and no required minimum distributions (RMDs).

Fri, 02 Aug 2024 16:00:00 +0000

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Joe Murphy discusses the five critical pillars of retirement planning.

Fri, 26 Jul 2024 16:00:00 +0000

In this episode of Wealth Health Radio, Joe Murphy discusses the five critical pillars of retirement planning. The first pillar is income, which is essential for maintaining the desired lifestyle in retirement. Joe emphasizes the importance of diversifying income streams to mitigate risks. The second pillar is expense management, which involves understanding current and future expenses and planning for rising prices and inflation. The third pillar is investment management, where Joe highlights the need to generate income while minimizing risk. The fourth pillar is legacy planning, which involves considering the financial support of children and grandchildren. The fifth pillar is tax efficiency, where Joe emphasizes the importance of tax planning to maximize income and minimize tax liabilities. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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n this episode of Wealth Health Radio, Joe Murphy and Steve Sedahl discuss various topics including the market update, the Trump assassination attempt, and the appointment of JD Vance as Trump's VP. They also delve into the concept of speculative bubbles.

Fri, 19 Jul 2024 16:00:00 +0000

In this episode of Wealth Health Radio, Joe Murphy and Steve Sedahl discuss various topics including the market update, the Trump assassination attempt, and the appointment of JD Vance as Trump's VP. They also delve into the concept of speculative bubbles, using examples from history such as the dot-com bubble and the housing bubble. Joe warns listeners to be cautious when investing in speculative assets like AI stocks. The episode concludes with a discussion on inflation, shrinkflation, stagflation, and the importance of proactive preparation. In this conversation, Joe and Steve discuss the topics of inflation, stagflation, shrinkflation, and upflation. They explore the short-term and long-term impacts of inflation, including the erosion of savings and investments. The conversation concludes with a discussion on the recent political events and the importance of unity and understanding in the country. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the risks that retirees face and the importance of hedging against those risks.

Fri, 12 Jul 2024 16:00:00 +0000

In this conversation, Joe Murphy discusses the risks that retirees face and the importance of hedging against those risks. He highlights five major risks: social security reduction, health impairment, market risk, longevity risk, and legacy shortfall. Joe emphasizes the need for retirees to plan ahead and hedge against these risks to ensure a successful retirement. He introduces an innovative annuity account that offers protection against these risks and provides enhanced benefits. Joe also discusses the importance of finding the right financial advisor who can address individual concerns and provide comprehensive financial planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy and Steve Sedahl discuss various topics, including current events, interest rates, bank stress tests, and lessons from Warren Buffett's investor playbook.

Fri, 28 Jun 2024 16:00:00 +0000

In this episode of Wealth Health Radio, Joe Murphy and Steve Sedahl discuss various topics, including current events, interest rates, bank stress tests, and lessons from Warren Buffett's investor playbook. They emphasize the importance of understanding the impact of current events on retirement planning and the need for patience and discipline in investing. They also highlight Warren Buffett's quotes on investing and the value of making smart choices over time. The episode concludes with an offer for listeners to schedule a complimentary 15-minute phone call with Joe Murphy to discuss their financial situation. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy and Steve Sedahl discuss the petrodollar agreement and its impact on the global economy.

Fri, 21 Jun 2024 16:00:00 +0000

In this conversation, Joe Murphy and Steve Sedahl discuss the petrodollar agreement and its impact on the global economy. They explore the history of the petrodollar, starting with the Bretton Woods agreement in 1944, which established fixed exchange rates and pegged currencies to the US dollar. They explain how the petrodollar system emerged, with Saudi Arabia agreeing to sell oil only in US dollars and invest excess dollars in US treasuries. They also discuss the potential threats to the petrodollar system and the implications for the US economy. The discussion highlights the importance of being aware of these geopolitical events and their potential impact on the value of the US dollar.

Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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The conversation covers the proposed changes to taxation and retirement planning under President Biden's 2025 budget.

Fri, 14 Jun 2024 20:25:00 +0000

The conversation covers the proposed changes to taxation and retirement planning under President Biden's 2025 budget. The focus is on the potential impact of these changes on individuals and corporations. The discussion highlights the potential for higher taxes on higher income earners and the negative consequences of raising corporate taxes. The conversation also touches on the importance of planning for required minimum distributions (RMDs) and the potential changes to the full retirement age (FRA). Visit MWM Financial to learn more.

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The conversation covers significant changes in retirement planning, including the impact of crypto regulations, technical glitches in the stock market, the transition from defined benefit plans to defined contribution plans, and changes in required minimum distributions.

Fri, 07 Jun 2024 16:00:00 +0000

The conversation covers significant changes in retirement planning, including the impact of crypto regulations, technical glitches in the stock market, the transition from defined benefit plans to defined contribution plans, and changes in required minimum distributions. It also discusses strategies for maximizing retirement income and the implications of increased contribution limits, target date funds, FinTech innovations, and longevity planning. The hosts discuss the struggles of the middle class, the significance of inflation, and the need for a fair economic playing field for all Americans. The conversation provides valuable insights into financial management and planning for the future. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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The conversation covers the topic of retirement planning, financial regrets, and the role of annuities in retirement income planning.

Fri, 31 May 2024 16:00:00 +0000

The conversation covers the topic of retirement planning, financial regrets, and the role of annuities in retirement income planning. It emphasizes the importance of early retirement planning and the impact of inflation and market volatility on retirement savings. The discussion also delves into the different types of annuities and their suitability for retirement income strategies. The conversation emphasizes the importance of planning, tax efficiency, and optimizing retirement benefits. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the financial and economic stories that are causing concern and confusion.

Fri, 24 May 2024 19:28:00 +0000

In this conversation, Joe Murphy discusses the financial and economic stories that are causing concern and confusion. They analyze a documentary called 'Finding the Money' and share clips from an interview with Jared Bernstein, Chair of the United States Council of Economic Advisers. They discuss the concept of modern monetary theory and its implications for the economy. They also debate the validity of the 4% rule in retirement planning and offer an alternative approach using a split concept. Overall, they emphasize the importance of understanding the complexities of the financial system and making informed decisions. The conversation concludes with an offer for a complimentary review of individual circumstances. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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The conversation covers the topic of retirement planning, financial regrets, and the role of annuities in retirement income planning.

Fri, 17 May 2024 19:22:00 +0000

The conversation covers the topic of retirement planning, financial regrets, and the role of annuities in retirement income planning. It emphasizes the importance of early retirement planning and the impact of inflation and market volatility on retirement savings. The discussion also delves into the different types of annuities and their suitability for retirement income strategies. It also explores important milestones such as age 50, 55, 59 and a half, 62, 67, 70, 70 and a half, and 73, discussing their significance in retirement planning, Social Security, RMDs, and QCDs. The conversation emphasizes the importance of planning, tax efficiency, and optimizing retirement benefits. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Have a Solid Plan When You Retire

Fri, 10 May 2024 20:09:00 +0000

There are plenty of questions about retirement planning. Like how much income do I need, or will it really cost 300-thousand dollars in healthcare when I retire. We’ll answer some of the most common questions pre-retirees ask advisors on today’s show. In addition, If you think you don’t have to worry about long term care, think again. Typically, women need long term care longer (3.7 years, on average) than men (2.2 years). And while about one-third of people who are 65 may never need long-term care, 20% will need it longer than five years. Are you prepared? Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses various financial topics, including the importance of tax efficiency in retirement planning, the potential impact of stagflation on the economy.

Fri, 03 May 2024 16:00:00 +0000

Joe Murphy discusses various financial topics, including the importance of tax efficiency in retirement planning, the potential impact of stagflation on the economy, the challenges faced by small businesses, and the strategies for building steady income in retirement. He also addresses questions about managing an individual retirement account (IRA), investing in precious metals, and the legitimacy of gold IRAs. The conversation provides valuable insights and advice for listeners seeking to make informed financial decisions. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy and Steve Sedahl discuss eight things to know when beginning retirement savings in your 50s.

Fri, 26 Apr 2024 16:00:00 +0000

In this conversation, Joe Murphy and Steve Sedahl discuss eight things to know when beginning retirement savings in your 50s. They cover topics such as catch-up contributions, compounding interest, reassessing retirement age, downsizing or relocating, maximizing Social Security, healthcare costs, and debt reduction. They emphasize the importance of planning and making informed decisions to improve retirement outcomes. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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oe Murphy discusses the potential impact of the Tax Cuts and Jobs Act (TCJA) sunsetting in 2026 and how it can affect tax rates.

Fri, 19 Apr 2024 16:00:00 +0000

In this conversation, Joe Murphy discusses the potential impact of the Tax Cuts and Jobs Act (TCJA) sunsetting in 2026 and how it can affect tax rates. He explains the concept of Roth conversions as a strategy to take advantage of current tax rates before they potentially increase in the future. Joe also discusses the factors to consider when deciding whether a Roth conversion is a good idea, such as income level, tax bracket, and future retirement plans. He emphasizes the importance of tax planning and working with a financial advisor to make informed decisions. The conversation also touches on other topics such as IRA contributions, investment allocation, and Social Security. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the impact of inflation on retirement planning. He explains how inflation works and the decrease in purchasing power it causes over time.

Fri, 12 Apr 2024 16:00:00 +0000

In this episode, Joe Murphy discusses the impact of inflation on retirement planning. He explains how inflation works and the decrease in purchasing power it causes over time. He emphasizes the importance of planning for inflation and diversifying investments to mitigate risk. Joe also highlights the need for an emergency fund and the role of a financial advisor in navigating the current volatile market. They explore the historical context of rate cuts and the risks associated with cutting rates too quickly. They also emphasize the importance of reviewing investment allocations and considering diversification to protect retirement assets. The conversation then shifts to the topic of charitable giving and strategies for maximizing tax efficiency. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe and Steve discuss various financial topics, including the national debt, retirement planning, and investing options.

Fri, 05 Apr 2024 16:00:00 +0000

In this conversation, Joe and Steve discuss various financial topics, including the national debt, retirement planning, and investing options. They emphasize the importance of addressing the national debt and holding the government accountable for its spending. They also provide insights on retirement planning, suggesting that retirement is more about income than age and discussing the benefits of annuities and combining 401k plans. The conversation concludes with a Q&A session, where they answer questions about investing options and Social Security. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy highlights the importance of reliable information in the financial industry, especially in the age of social media. It warns against scams and misinformation that can be spread through platforms like TikTok.

Fri, 29 Mar 2024 16:00:00 +0000

The conversation highlights the importance of reliable information in the financial industry, especially in the age of social media. It warns against scams and misinformation that can be spread through platforms like TikTok. The need for financial education is emphasized, particularly in schools, to empower individuals to make informed decisions. The discussion also touches on the balance between regulation and censorship in the digital space. The impact of social media on society and the dangers of unregulated content are explored. The conversation concludes with advice on retirement planning, including 401(k) rollovers and strategies for long-term savings. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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The concept of a soft landing, avoiding a recessionary GDP backtracking, is discussed.

Fri, 22 Mar 2024 16:00:00 +0000

The financial wellness of the economy is a common concern among Americans. The Federal Reserve is playing a waiting game on rate cuts, considering factors such as inflation and market volatility. The concept of a soft landing, avoiding a recessionary GDP backtracking, is discussed. The Fed's guessing game and the concept of super core inflation are explored. The rising credit card debt and financial struggles of Americans are highlighted. The importance of financial literacy and the need for financial planning and retirement readiness are emphasized. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy discusses the taxation of various sources of income in retirement.

Fri, 23 Feb 2024 17:00:00 +0000

In this episode, Joe Murphy discusses the taxation of various sources of income in retirement. He debunks the misconception that there are no taxes in retirement and highlights the importance of tax planning. Joe explains how Social Security benefits, pensions, interest-bearing accounts, dividends, and retirement accounts are taxed. He also emphasizes the tax benefits of life insurance proceeds and provides insights into the taxation of annuities and home sales. Additionally, Joe encourages listeners to create a bucket list and shares the significance of incorporating personal growth goals into retirement planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy explore the You Earned It, You Keep It Act, which proposes revisions to social security.

Fri, 16 Feb 2024 17:00:00 +0000

Celebrities often face financial challenges that require the assistance of a financial advisor to help manage their wealth and long-term financial stability. In this episode, Joe Murphy and Steve Sedahl discuss cautionary tales from Hollywood, including the financial mistakes of celebrities like Steve McNair and Billy Joel. They also explore the You Earned It, You Keep It Act, which proposes revisions to social security. Additionally, they discuss a Medicare fraud scheme and the importance of tax planning, estate planning, and asset allocation in retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy and Steve Sedahl engage in casual conversation and emphasize the value of open communication in planning for retirement.

Fri, 09 Feb 2024 17:00:00 +0000

Joe Murphy and Steve Sedahl engage in casual conversation and emphasize the value of open communication. They discuss the recent Labor Department jobs report and question the accuracy of government data. The conversation shifts to the uncertainty in the global economy and the need for careful decision-making. They address the challenge of getting spouses involved in financial planning and caution against strong-arm tactics. The hosts conclude by offering an introductory call for listeners to discuss their concerns and retirement planning in the current economic environment. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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In this episode of Wealth Health Radio, Joe and Steve discuss the parallels between football and retirement planning.

Fri, 02 Feb 2024 17:00:00 +0000

In this episode of Wealth Health Radio, Joe and Steve discuss the parallels between football and retirement planning. They cover offensive strategies such as understanding goals, budgeting, learning about different investment vehicles, diversifying among asset classes, and building wealth. They also discuss defensive strategies including preventing gaps in your plan, having an emergency fund, and creating an estate plan. Additionally, they touch on special teams strategies such as managing charitable giving and planning for Social Security. The episode concludes with a discussion on building a game plan for retirement success. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio Joe Murphy discusses important considerations for building a modern, holistic, and personalized retirement plan.

Fri, 26 Jan 2024 17:00:00 +0000

On today's show, Joe Murphy discusses important considerations for building a modern, holistic, and personalized retirement plan. The conversation covers topics such as determining enough for retirement, inventorying accounts and taxation, moving 401k to personalized IRA, understanding Social Security, utilizing health savings accounts (HSAs), choosing health insurance, using annuities for retirement income, reviewing budget and spending plan, considering Roth conversions, spending money from various accounts, maintaining asset allocation, paying off mortgage and estate planning, upgrading car or home maintenance, changing 529 beneficiaries, managing RMDs and taxable income, and analyzing Bitcoin and Jamie Dimon's comments. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio On this episode of Wealth Health Radio, Joe Murphy discusses various topics related to retirement planning and unexpected life events.

Fri, 19 Jan 2024 17:00:00 +0000

On this episode of Wealth Health Radio, Joe Murphy discusses various topics related to retirement planning and unexpected life events. The conversation covers boomerang kids and the sandwich generation, downsizing and managing expenses, taxes in retirement, Hertz selling its EV fleet, saving for retirement and overlooking important factors, wealth transfer and estate planning, retirement benefits and portfolio composition, income planning, and sequence of returns. Joe Murphy and Steve Sedahl also answer questions from listeners about protecting principal in retirement, investment options for Roth IRAs, and Roth IRA conversions. That and much more on Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio Joe Murphy has some ways you can execute and succeed at improving your finances and reaching your financial planning goals in 2024.

Fri, 12 Jan 2024 17:00:00 +0000

A new year with new resolutions. The question is, how long will they last. Joe Murphy has some ways you can execute and succeed at improving your finances and reaching your financial planning goals in 2024. Do you know your Social Security risk score? Joe can help you find out. That and much more on Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio To kick off 2024 Joe Murphy breaks down some strategies on helping you get to retirement.

Fri, 05 Jan 2024 17:00:00 +0000

To kick off 2024 Joe Murphy breaks down some strategies on helping you get to retirement. Topics include: longevity risk, healthcare costs, overestimating investment income and being too conservative with your investments. That and much more on Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio oe Murphy outlines how to avoid costly mistakes and get your financial health in order for 2024.

Fri, 22 Dec 2023 17:00:00 +0000

You know about what it costs to run your household on a monthly basis and you know you should be padding that emergency fund. But are you? It’s the little things that can cause the biggest problems in retirement. Joe Murphy outlines how to avoid costly mistakes and get your financial health in order for 2024. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio To help kickstart the process Joe Murphy has put together steps to help you get started.

Fri, 15 Dec 2023 17:00:00 +0000

As we enter 2024, it's crucial to assess your budget, debt, and investments in alignment with your financial objectives. To help kickstart the process Joe Murphy has put together steps to help you get started. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio There’s plenty of talk about the future of Social Security and Joe Murphy has an opportunity for you to see if you could be subject to a reduction in your benefit.

Fri, 17 Nov 2023 17:00:00 +0000

Turning 50 puts you firmly in the financial red zone. There are also benefits to turning another year older. Joe Murphy digs into the most common perks that kick in once you turn 50, 59 1/2 and 65. There’s plenty of talk about the future of Social Security and Joe has an opportunity for you to see if you could be subject to a reduction in your benefit. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio Joe Murphy has some tips to help shore up that game plan to help you score big in retirement.

Fri, 10 Nov 2023 17:00:00 +0000

If you’re in the ‘financial red zone’—that’s five to ten years away from retirement, it’s more important than ever to make sure your plan is in place. Joe Murphy has some tips to help shore up that game plan to help you score big in retirement. Joe gives you an opportunity to get your own Social Security risk score. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio A new report graded the retirement systems of countries across the world and America earned a C+...Joe Murphy shows how you can build an A+ retirement plan.

Fri, 03 Nov 2023 16:00:00 +0000

A new report graded the retirement systems of countries across the world and America earned a C+...Joe Murphy shows how you can build an A+ retirement plan. Worried about Social Security being there for you? Joe gives you an opportunity to get your own Social Security risk score. He talks about the Robert Shiller book Narrative Economics and how emotions can move the market. The rules for RMD’s have changed. Joe outlines what’s different this year and going forward. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

Here's a link to Narrative Economics by Robert Shiller

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Wealth Health Radio Joe Murphy breaks down 10 of the most common reasons folks resist professional help while building their financial plans.

Fri, 27 Oct 2023 16:00:00 +0000

There are many reasons why folks forgo working with a financial professional. Joe Murphy breaks down 10 of the most common reasons folks resist professional help while building their financial plans and explain exactly how a financial advisor would be able to help. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio Joe Murphy dives into the particulars and offers tips to help you navigate the road to retirement with security and stability.

Fri, 20 Oct 2023 16:00:00 +0000

According to a recent Northwestern Mutual study, close to half of respondents said the lack of retirement savings are responsible for their financial instability. Joe Murphy dives into the particulars and offers tips to help you navigate the road to retirement with security and stability. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio How secure is Social Security and how long can it last? Questions that Joe Murphy tackles head on this week.

Fri, 06 Oct 2023 16:00:00 +0000

How secure is Social Security and how long can it last? Questions that Joe Murphy tackles head on this week. What is your Social Security Risk Number? Joe explains what this might mean down the line and gives you a chance to find out where you stand. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio Joe Murphy is going to help ease your concerns and have a little fun by playing Financial Jeopardy, bringing you facts and tips along the way.

Fri, 29 Sep 2023 16:00:00 +0000

So many folks are worried about factors like inflation and market volatility putting their retirement nest egg in jeopardy. Today, Joe Murphy is going to help ease your concerns and have a little fun by playing Financial Jeopardy, bringing you facts and tips along the way. You don’t want to miss this one. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio Joe Murphy outlines some reasons why folks are delaying their retirement.

Fri, 22 Sep 2023 16:00:00 +0000

According to a recent Gallup poll 25% of those polled said they would retire by 65. However 39% say they’ll retire after the so-called ‘magic number'. Joe Murphy outlines some reasons why folks are delaying their retirement. He also offers some tips to help you get to your ‘magic number’. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio Joe Murphy and special guest Attorney Brian Less have a lively discussion about estate planning.

Fri, 15 Sep 2023 16:00:00 +0000

This week Joe Murphy is joined by Attorney Brian Less. Join them for a frank conversation about estate planning. Does everyone need a will? What about a trust? Joe and Brian take a deep dive into the ins and outs of estate planning and offer some tips to help you create the right plan for you. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio his week Joe Murphy calls on Warren Buffet for a little investing advice. He’ll go over his two simple rules for investing.

Fri, 08 Sep 2023 16:00:00 +0000

This week Joe Murphy calls on Warren Buffet for a little investing advice. He’ll go over his two simple rules for investing. Joe also outlines three case studies to help show how a plan can come together in nearly every situation. Joe returns to the hot seat with a fresh batch of questions from listeners in a brand new edition of 'Ask The Advisor.' That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio Joe Murphy Shares The Secret To Finding Financial Freedom

Fri, 01 Sep 2023 21:00:00 +0000

Joe Murphy kicks off the show discussing the stunning decline in retirement confidence and how to regain control and restore the confidence in your retirement. Joe discusses financial procrastination and shares tips to help guide you on the road to retirement. Murphy shares the secret to finding financial freedom and shares a few jaw-dropping retirement stats. And as always, Joe is back in the hot-seat for a new edition of Ask The Advisor.' That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Wealth Health Radio Joe Murphy answers some of the most common questions pre-retirees ask advisors on today’s episode of Wealth Health Radio.

Fri, 25 Aug 2023 16:00:00 +0000

There are plenty of questions about retirement planning. Like how much income do I need, or will it really cost 300-thousand dollars in healthcare when I retire. Joe Murphy answers some of the most common questions pre-retirees ask advisors on today’s episode of Wealth Health Radio. Joe returns to the hot seat with a fresh batch of questions from listeners in a brand new edition of 'Ask The Advisor.' That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

See omnystudio.com/listener for privacy information.