Red Carpet Retirement™

Healthcare choices in retirement often feel routine at first, yet they can quietly shape finances, stress levels, and quality of life for decades. How do you weigh lower monthly costs against long-term predictability? What happens when a decision made at 65 becomes harder to reverse later? In this episode, Adam Scott and co-host Patrice Sikora break down the real differences between Medicare Advantage and traditional Medicare with Medigap coverage. They explain how these options work, why many retirees choose Advantage plans, and where hidden costs and administrative hurdles can emerge. The conversation highlights timing, underwriting risk, managed care realities, and why planning for future health matters as much as present health. Key takeaways: Why Medicare decisions made at 65 can have lasting effects later in retirement How Medicare Advantage plans trade lower premiums for higher cost variability The role Medigap plays in creating predictable healthcare expenses What underwriting rules mean if you try switching plans later in life How time, stress, and care coordination factor into healthcare planning And more! Connect with Adam Scott, CFP®:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946

Market valuations are reaching levels not seen since the dot-com bubble, raising questions about whether AI justifies these heights or if we’re heading for another crash. Are we witnessing a genuine transformation or falling for hype? Can AI really deliver the productivity gains everyone is betting on? In this episode, Adam Scott, CFP®, brings on his sons, Oliver Scott, a software engineer working on AI at Compass, and Julian Scott, formerly a consultant at McKinsey & Company, currently Chief of  Staff at Generate Capital, to explore AI’s real impact on business and the economy. They break down what AI actually is, from machine learning to large language models, and discuss how it’s reshaping consulting, software engineering, and countless other industries.  They also discuss the limitations of current AI technology and whether artificial general intelligence is feasible. Key topics covered: The difference between machine learning and generative AI How AI is transforming consulting work by replacing junior-level tasks and enabling senior consultants to produce more with fewer people The architectural limitations of current AI systems, including hallucinations, and the challenge of depleting available training data The circular investment concerns in the AI industry and whether current valuations reflect real value or unsustainable hype Real-world applications of AI that demonstrate both its impressive capabilities and its current limitations And more! Connect with Adam Scott, CFP®:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946 Connect with Oliver Scott: LinkedIn: Oliver Scott Compass Connect with Julian Scott: LinkedIn: Julian Scott Generate About our Guests: Oliver Scott is a software engineer at Compass. With hands-on experience developing AI systems, he has a front-row view of how machine learning and large language models are evolving and shaping the future of technology. In this episode, he breaks down the fundamentals of AI, explains the architectural limitations and challenges (including hallucinations and data constraints), and shares how AI is changing the day-to-day work of engineers. Oliver also discusses the industry-wide race toward artificial general intelligence and the massive investments driving it. Julian Scott, formerly a consultant at McKinsey & Company, currently Chief of  Staff at Generate Capital. His work centers on research synthesis, strategic insights, expert interviews, and helping senior leaders make informed decisions. Julian offers a real-world look at how AI is transforming consulting by speeding up research, replacing junior-level analytical tasks, and reshaping firm structures. He also shares perspectives on productivity gains, industry disruption, and the broader economic implications of AI adoption.

Many Americans dream of retiring abroad, but few realize the tax implications involved. In this episode, Adam Scott, CFP®, explains what it really means to expatriate, the financial consequences of renouncing U.S. citizenship, and how couples can strategically plan to reduce taxes. He also discusses potential pitfalls, from exit taxes to inheritance issues, and offers advice on when living abroad makes both financial and emotional sense. Adam also examines the process and costs of expatriation, strategies to stay below U.S. tax limits, and highlights where moving abroad can actually benefit retirees and entrepreneurs. Key Takeaways: The only way to completely eliminate U.S. taxes is by giving up citizenship or a green card Expatriating triggers an “exit tax” if your net worth exceeds $2 million per person or $200,000 in annual tax liability Couples can plan strategically by transferring assets to stay below the taxable threshold Moving to Puerto Rico can significantly reduce federal taxes for those still earning income Expatriation decisions should be driven by lifestyle, not just tax savings, and require professional cross-border tax guidance And more! Connect with Adam Scott, CFP®:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946

Can living abroad really lower your tax bill, or is it more about lifestyle?  In this episode, Adam Scott, CFP®, explores the allure of relocating to places like Portugal, Italy, Greece, and even Puerto Rico. He explains ways to reduce your taxes by moving abroad, but that for some gaining residency  and improving lifestyle  often outweighs tax savings. Adam shares insights, examples, and strategies to consider before packing your bags. Key points covered: How U.S. taxation on worldwide income makes reducing taxes abroad more complicated Why tax treaties and foreign tax credits prevent most cases of double taxation Lifestyle and residency factors that often drive the decision more than tax savings Details on the foreign earned income exclusion and where it applies A preview of next episode topics: Puerto Rico, the exit tax, and moving between U.S. states And more! Connect with Adam Scott, CFP®:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946

Social Security decisions have always been a balancing act, but a new piece of legislation, the “Big Beautiful Bill,” is adding fresh twists. This week, Adam Scott examines how recent changes impact when and how to claim Social Security, challenging viral “claim early” advice and breaking down the bill’s pros and cons. Adam unpacks myths, math errors, and what the future may really hold for your benefits. He also delivers a sobering warning: plan for a 20% cut in benefits after 2032, and don’t count on Congress to save the day. Adam discusses: How the Big Beautiful Bill’s tax changes may mean tax-free Social Security, but only until 2028 Why influencer advice to claim early at 62 often ignores flawed assumptions and survivorship benefits The real impact of the Social Security Trust Fund running out, and why it’s not a total disappearance of benefits The connection between life expectancy, claiming age, and long-term payout strategies Political and fiscal challenges make a full Congressional “rescue” of Social Security unlikely And more! Resources: Should You Claim Social Security Early or Wait? (Ep. 27) Connect with Adam Scott, CFP®:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946

Turning 65 is more than a milestone. It’s a financial and healthcare turning point that demands action. In this episode, Adam Scott, CFP®, shares the essential decisions you must make around Medicare as you turn 65, from enrollment timelines to cost-saving strategies.  With personal anecdotes and professional insights, Adam demystifies Parts A, B, C, and D, discusses common missteps, and explains how Medicare ties into employer and retiree health plans. Whether you’re still working, semi-retired, or fully retired, this episode breaks down what really matters at 65. Adam discusses: Medicare enrollment timelines, how to apply, and why timing is critical to avoid penalties The differences between Medicare Parts A, B, C (Advantage), D (prescription), and Medigap How existing retiree or employer health plans interact with Medicare Mistakes to avoid, like enrolling in the wrong plan, or skipping enrollment when required The cost implications of Medicare based on income and the potential loss of HSA eligibility Resources: Social Security Administration website (Medicare enrollment) Connect with Adam Scott, CFP®:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946

When the credits roll on your first career, what’s next?  For midlife professionals—especially those in entertainment, reinvention is not just possible, it’s essential. In this episode, Adam Scott, CFP®, continues his conversation with Liz Mohler to explore career pivot options for midlife professionals. They unpack how changing industries can be rewarding, and they break down the practical steps to start over, while honoring your experience and passions. Liz and Adam discuss: The value of corporate video production as an accessible path for creatives looking to leverage visual storytelling skills in a business setting How coaching and education offer viable ways to share experience, especially for those with niche knowledge or leadership skills The expanding elder care field is a rewarding option for those with strong people and organizational skills The opportunities in tech-adjacent roles like UX writing, project management, and tech sales, where communication and adaptability are prized The mindset shift from job-seeking to value-sharing, and how thinking in terms of “who can I help” opens unexpected career doors And more! Additional Learning Resources: Reinventing Careers with Liz Mohler, M.S., PCC – Part 1 (Ep. 34)  Corporate Video Production:  Create promotional, instructional, or branded content for businesses, nonprofits, or institutions. This role is ideal for former film editors, cinematographers, or producers who want to apply their storytelling and technical skills to commercial environments. Projects include marketing campaigns, onboarding videos, product demos, and internal messaging. Vimeo Video School LinkedIn Learning – Corporate Video Production Courses How to Start a Video Production Business (Shopify Guide) Coaching & Education: Support individuals or groups by teaching, mentoring, or coaching in a specific area of expertise. This could include academic subjects, career development, life coaching, or leadership training. Great for those who enjoy helping others grow and who have strong communication and listening skills. Many former executives or creatives pivot to this role to “give back” and find purpose. CoGenerate (formerly Encore.org) ICF Certification (International Coach Federation) For teaching: search your local Department of Education or Transition to Teach Elder Care Industry: Work directly with seniors as a caregiver or support them indirectly through management and coordination roles in home care agencies or retirement communities. Positions range from home companions and caregivers to administrators, operations managers, or even elder care franchise owners. There’s strong and growing demand in this sector due to the aging population. CareAcademy (Caregiver Training) Senior Living Management Certificate – ALFA HCAOA (Home Care Assoc. of America) Tech-Adjacent Careers (No Coding Required): Tech Sales: Sell software and tech solutions to businesses. This includes identifying client needs, running product demos, negotiating deals, and maintaining relationships. High-paying and fast-paced, tech sales values strong communication, persistence, and business acumen—perfect for career changers with people skills and a drive to learn. CourseCareers Tech Sales Bootcamp Prehired (Sales Certification) Hireforce Tech Sales Jobs UX Writing: Craft the language used in apps, websites, and digital tools to guide users through experiences. It’s a fusion of writing and product design, where you simplify tasks and support users through microcopy (e.g., button text, error messages, confirmations). Great for writers, editors, or marketers who enjoy clarity and precision. UX Writers Collective Daily UX Writing Challenges Google UX Design Certificate Project Management: Lead cross-functional teams to plan, execute, and complete projects on time and on budget. This career suits detail-oriented professionals with a background in production, operations, or event coordination. Industries include tech, marketing, healthcare, construction, and nonprofit work. Google Project Management Certificate PMI CAPM & PMP Certifications Trello / Asana Cybersecurity Analyst: Protect organizations from cyber threats by monitoring systems, detecting intrusions, and implementing security protocols. This in-demand field offers stable, remote-friendly roles for those interested in tech and problem-solving. You don’t need a computer science degree—just a commitment to learning and some training. Google Cybersecurity Certificate TryHackMe (Hands-On Training) CompTIA Security+ Data Privacy Compliance: Help companies follow privacy laws like GDPR and CCPA by managing how personal data is collected, stored, and shared. Roles include compliance analyst, data privacy officer, or consultant. Perfect for detail-oriented professionals who enjoy research, regulation, and protecting consumer rights. IAPP (International Association of Privacy Professionals) CIPP/US Certification Privacy Laws (GDPR/CCPA Basics) Franchise & Business Ownership: Own and operate a proven business model in industries like senior care, home repair, fitness, tutoring, or pet services. A solid choice for entrepreneurial types who want independence but don’t want to start from scratch. Some franchises are well-suited for career changers with leadership experience. FranChoice Franchise Gator SCORE (Free Biz Coaching) Connect with Adam Scott, CFP®:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946 Connect with Liz Mohler: LinkedIn: Liz Mohler Website: Liz Mohler About Our Guest:  Liz Mohler is a well-regarded Executive, Career, and Life Coach with a strong background in academia and a deep commitment to empowering her clients. For over 20 years, she has passionately devoted her coaching practice to guiding clients toward personal and professional growth. Her professional experience, both domestic and international, has enriched her perspective and equipped her with expertise in various coaching capacities, including career management, leadership development coaching, team building, and transition coaching across a spectrum of industries. Currently, Liz serves as an Executive Coach, Speaker, and CORE Guide Facilitator for CHIEF, an exclusive network where she provides support and guidance to women in senior leadership roles across diverse industries. She also works as a consultant for Praditus and Felix Global, providing leadership assessments and outplacement consulting. She is a frequent guest speaker at conferences, on podcasts, at retreats, and at universities. Liz’s journey began in Madison, Wisconsin, where she supported herself through college and graduate school by working in residence halls at universities, psychiatric hospitals, alcohol/drug rehab centers, and the Department of Rehabilitation. She later moved to California, launching her private coaching practice while holding pivotal consulting roles at Right Associates and JVS So Cal, coaching executives in entertainment, aerospace, law, medicine, banking, family business, and sales.

Life has a way of pushing us toward reinvention, but how do we embrace change and make it work for us? How can we turn uncertainty into opportunity and transition into a career that reflects our passions and values? In this episode, Adam Scott, CFP®, talks with career coach Liz Mohler, M.S., PCC, about the challenges and rewards of career reinvention. They share personal stories, strategies for overcoming self-doubt, and the power of recognizing your transferable skills to make meaningful professional shifts. Discussion Points: The importance of aligning career choices with personal values and life priorities How storytelling and transferable skills play a role in career transitions Practical strategies for overcoming self-doubt and embracing career change The power of networking and seeking mentorship for guidance and opportunities Actionable steps for exploring new professional paths through research and curiosity And more! Connect with Adam Scott, CFP®:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com 310-220-4946 Connect with Liz Mohler: LinkedIn: Liz Mohler Website: Liz Mohler About Our Guest:  Liz Mohler is a well-regarded Executive, Career, and Life Coach with a strong background in academia and a deep commitment to empowering her clients. For over 20 years, she has passionately devoted her coaching practice to guiding clients toward personal and professional growth. Her professional experience, both domestic and international, has enriched her perspective and equipped her with expertise in various coaching capacities, including career management, leadership development coaching, team building, and transition coaching across a spectrum of industries. Currently, Liz serves as an Executive Coach, Speaker, and CORE Guide Facilitator for CHIEF, an exclusive network where she provides support and guidance to women in senior leadership roles across diverse industries. She also works as a consultant for Praditus and Felix Global, providing leadership assessments and outplacement consulting. She is a frequent guest speaker at conferences, on podcasts, at retreats, and at universities. Liz’s journey began in Madison, Wisconsin, where she supported herself through college and graduate school by working in residence halls at universities, psychiatric hospitals, alcohol/drug rehab centers, and the Department of Rehabilitation. She later moved to California, launching her private coaching practice while holding pivotal consulting roles at Right Associates and JVS So Cal, coaching executives in entertainment, aerospace, law, medicine, banking, family business, and sales.

In a climate where volatility is the price of admission to long-term wealth, are you truly prepared—not just emotionally, but structurally—for a significant market downturn? This week on Red Carpet Retirement, Adam Scott, CFP®, takes us deeper into the mindset and math that drives resilient investment strategies. Building on the theme of being ready for a potential 30% (or even 50%) drawdown, Adam goes beyond emotional readiness and unpacks one of the most misunderstood tools in modern investing: valuation metrics. 🔍 Spoiler alert: If your portfolio doesn’t factor in CAPE ratios, you may be flying blind. 🎧 Adam dives into: ✅ The mental prep investors need when headlines start screaming and prices start falling ✅ Why the CAPE ratio (Cyclically Adjusted P/E) isn’t just academic—it’s your market compass ✅ How historically high P/E ratios should inform—not terrify—your allocation decisions ✅ Building a portfolio that doesn’t just grow—but endures storms and thrives after ✅ Asset classes that offer better value right now, including overlooked international and bond opportunities Resources:  Are You Ready for a 30% US Stock Market Decline? (Ep. 32) Connect with Adam Scott, CFP®:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946

How would you react if the US stock market suddenly dipped by 30% or even 50%? The unpredictability of financial markets can be intimidating, but fear not—there are ways to prepare and to protect your portfolio. Join host Adam Scott, CFP® as he dives into the volatile world of market declines, addressing common investor fears and discussing the importance of mindset and a well-planned portfolio. Adam shares real-life anecdotes and valuable insights that challenge the knee-jerk reactions to headline-grabbing news events. You’ll gain a deeper understanding of why unexpected events, like AI’s influence on the market or significant political trends, can be opportunities in disguise… whilst the real dangers may lurk beyond the headlines… and how to protect yourself from them. Adam discusses:  The reality of unexpected market downturns and how to handle them [00:00:54] The dangers of reacting to headline news and its fleeting nature [00:03:15] Why mindset matters more than market predictions [00:09:14] How market declines can benefit your portfolio [00:14:24] Understanding valuations and their important role in investment decisions [00:18:42] And more! Connect with Adam Scott, CFP®:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946

How can Entertainment Industry members best ensure financial stability in retirement?  Understand how the Motion Picture Industry and Health Plans work as this episode explores the benefits, strategies, and vital decisions shaping retirement for industry members. Adam Scott, CFP® interviews David Asplund, CEO of the Motion Picture Pension and Health Plan, who explains the robust framework supporting financial and healthcare security for entertainment professionals. David addresses common misconceptions, clarifies plan options, and emphasizes the importance of informed retirement planning. David discusses: The difference between the pension plan and the individual account plan (IAP) and how both benefit retirees How residuals act as a financial safety net, ensuring stability during challenging times The health-only retirement option that provides coverage without tapping into pension funds The role of accurate work-hour predictions in sustaining the financial health of the plans How industry trends like strikes and new media residuals impact the funding and future of the plan And more! Connect with Adam Scott, CFP®:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946 Connect with David Asplund: LinkedIn: David Asplund Motion Picture Pension and Health Plan About Our Guest:  David Asplund is the CEO of the Motion Picture Pension and Health Plan, where he oversees the financial and operational management of retirement and healthcare benefits for professionals in the entertainment industry. With extensive experience in finance and plan administration, David is dedicated to work on the long-term stability and success of these critical programs. His leadership focuses on delivering robust resources, educating plan participants, and adapting to the evolving needs of the industry. The information presented here is general, high-level, and educational in nature. Please see the Plans’ Trust Documents and the Summary Plan Description (“SPD”) for the complete set of rules that cover the Plans. In case of any inadvertent errors, the rules defined in the Trust Documents and SPDs will govern.

Do political changes redefine financial strategies, or do fundamentals remain king? This episode of Red Carpet Retirement delves into the potential impacts of Trump’s policies on investments, taxes, and the economy. Adam Scott discusses tax cuts, corporate profits, interest rates, and their influence on the national deficit. He also emphasizes separating political views from portfolio decisions and focuses on sustainable financial strategies. Key takeaways include:  The implications of extending the Tax Cuts and Jobs Act and its effect on individual and corporate tax rates The role of the federal deficit and potential challenges of rising interest rates on national debt management How deregulation policies could influence corporate profitability and stock market performance Investment opportunities in sectors such as cryptocurrency, energy, and bonds in light of economic shifts The importance of focusing on investment fundamentals rather than letting political biases influence financial decisions And more! Connect with Adam Scott:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946

From tariffs to immigration, the implications of a Trump presidency ripple through economic policy and investment strategies. What does this mean for your portfolio? In this episode of Red Carpet Retirement, Adam Scott analyzes the potential investment and economic effects of the newly re-elected Trump administration.  He dissects key topics such as tariffs, immigration policies, deregulation, and budget cuts while questioning their long-term impact on markets, businesses, and investors. Adam discusses: The economic and investment outcomes of tariffs, focusing on their role in inflation and industry competition The controversial divide within the Republican Party regarding immigration, low-wage labor, and innovation Potential massive budget cuts and their implications for government employment and economic stability Deregulation trends and their effects on industries, including energy, technology, and finance The role of short-term financial pain versus long-term benefits in government downsizing strategies And more! Connect with Adam Scott:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946

Life insurance products are often marketed as essential tools for financial planning, but are they really the best solution for everyone? How do popular strategies like Infinite Banking and Rich Man’s Roth measure up for real retirement security? What financial moves make sense as you age and your financial needs shift? In this episode of Red Carpet Retirement, Adam Scott addresses the pros and cons of life insurance as a retirement tool and debunks some of the myths and sales tactics that promote it. From understanding when life insurance is truly necessary to recognizing alternative savings options, Adam provides a clear view of what works and what may not. Adam discusses:  His encounter with a hybrid advisor promoting a questionable life insurance strategy How permanent life insurance works and common misconceptions The downsides and complex nature of Index Universal Life policies Pros and potential benefits of tax-deferred growth within life insurance The truth behind the “Be Your Own Banker” concept And more! Connect with Adam Scott:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946 AScott@WellAcreWealth.com

With the Social Security Trust Fund potentially running out by 2035, should you claim your benefits now or wait for a better payout? Let’s address the reality behind Social Security’s future and its impact on your retirement plans. In this episode, Adam Scott talks about the complexities of Social Security, exploring the imminent depletion of the trust fund projected for 2035 and what this means for retirees. As he unpacks whether to claim Social Security early or delay it, you’ll gain insights into the nuanced decision-making process, the potential policy solutions, and the broader financial strategies to consider amidst this uncertainty. Adam discusses:  The current state of the Social Security Trust Fund and its projected exhaustion by 2035 The political sensitivity surrounding Social Security reforms, often referred to as the “third rail of politics” The pros and cons of claiming Social Security early versus delaying benefits Policy options to address the shortfall, including raising taxes and adjusting benefits And more   Resources: Social Security Administration   Connect with Adam Scott:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946

Do you struggle with investment decisions during election years? Discover the three worst mistakes you should avoid to keep your portfolio safe. In this episode of Red Carpet Retirement, Adam addresses the three biggest investment blunders investors make during election years. You’ll learn some shocking statistics about market performance during election cycles, why sitting in cash can cost you, and how not to let political biases cloud your investment decisions. He discusses the importance of maintaining a steady hand in volatile markets and offers insights based on historical data to help you navigate financial decisions amidst political uncertainty. Adam discusses:  The three worst investment mistakes to avoid during election years How letting political passions influence investment decisions can be costly Why markets have historically performed well regardless of the political party in power Why it’s crucial not to let political passions influence your investment decisions The impact of trying to time the market and how it can jeopardize your retirement plans And more Resources: Capital Group Connect with Adam Scott:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946

Do you know if your online banking details are truly secure? Today on Red Carpet Retirement, Adam addresses the alarming rise in sophisticated online financial frauds and discusses ten crucial ways to protect yourself. From phishing and vishing to smishing and pharming, you’ll understand the different tactics used by cyber criminals and learn the best practices to safeguard your financial information. Adam discusses:  The intricacies of phishing, spear phishing, and common scams on platforms like Facebook Marketplace The threat of vishing calls and how criminals can spoof phone numbers from trusted entities Detailed insights into smishing and the risks associated with links in text messages. Pharming tactics that redirect you to fake websites despite navigating to your trusted bank’s URL And more Arm yourself against financial predators. Tune in and share these vital tips with your loved ones. Stay tuned for our next episode, “Will the Election Affect Your Finances?” Resources: Protecting You and Your Loved Ones From Financial Fraud (Ep. 24) Connect with Adam Scott:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946

Americans lost $13BN to fraud in 2023. Young adults are particularly vulnerable – along with the elderly – as social engineering becomes increasingly sophisticated. Don’t think it can’t happen to  you. Today on Red Carpet Retirement, Adam Scott, CFP®  delves into the concerning rise of financial fraud and offers practical tools to help safeguard against these threats. Joined by a young man, George Baker, who shares his personal experience of being scammed at the tender age of 18, this episode aims to educate listeners about the increasing sophistication of scams and the critical steps to avoid becoming a victim. By tuning in, you’ll learn essential prevention strategies to protect your family and hear firsthand accounts that underline the importance of vigilance and prompt action. Adam and George discuss:  How to identify and understand phishing scams and their evolution into targeted spear phishing The psychological tricks scammers use, such as urgency and emotional manipulation Steps to take immediately if you think you’ve been scammed, including involving third parties Real-life stories highlighting both the complexities and preventable measures in financial fraud scenarios And more   Resources: The Day I Put $50,000 in a Shoe Box and Handed It to a Stranger by Charlotte Wowles   Connect with Adam Scott:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946

Avoid costly CPA mistakes on your current or next tax return! Today on Red Carpet Retirement, Adam talks about common but unintended mistakes CPAs make. Our discussion isn’t about pointing fingers but rather about uncovering common oversights in the filing process, how they happen, and, most importantly, how you can avoid being caught by surprise with unnecessary tax hits. Adam’s Key Takeaways:  Ensure all 1099 forms, especially revisions, are communicated to your CPA to avoid overpayment Be aware of Roth conversion reporting and ensure it’s reflected accurately to prevent unjust taxation Qualified Charitable Distributions (QCDs) can be mistaken for taxable income if not reported correctly Reviewing your tax return, or having a financial advisor review it, is crucial for catching and correcting any overlooked errors And more Make sure your path to a seamless retirement isn’t derailed by avoidable tax mishaps. Stay tuned for our next episode where Adam discusses some of the opportunities missed by CPAs. Resources: How to Maximize Your Retirement Savings Using the Mega-Backdoor Roth Strategy (Ep. 18) Use Roth Conversions to Reduce Your Lifetime Taxes: Turning Financial Lemons Into Lemonade (Ep. 17) Connect with Adam Scott:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946

What shook the stock market and economy in Q1 of 2024? Dive into this episode for an insightful quarterly wrap-up! In this episode, Adam dissects the impactful first quarter of 2024, analyzing stock market shifts, economic trends, and a surprising twist on the usual recession predictions. He unravels the events that led to one of the most unpredictable quarters in recent memory, from the economy’s surprising buoyancy to the stock market’s rally, contrasted with the cautious bond market and looming Federal Reserve decisions. With a keen eye on what these changes mean for entrepreneurs and creatives preparing for retirement, this episode is packed with expert insights, future speculations, and valuable takeaways.  Adam shares:  An in-depth look at Q1 2024’s stock market performance and its surprising resilience The economic indicators that defied recession predictions, highlighting job growth and inflation rates A detailed discourse on the Federal Reserve’s actions and their impact on the economy Insight into specific high-performing stocks and sectors driving the market, with a special focus on tech and AI And more Connect with Adam Scott:  LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946