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The Financial Lab

Author: David Shepherd and Travis Shepherd

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David and Travis Shepherd are a father and son financial team that have a passion and talent for taking complicated financial issues and breaking them down into real life language. They’ve helped thousands of people in Louisiana reach a better understanding of the economic issues they face in and near retirement and provide real-world solutions.
81 Episodes
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We’ve talked before about the 60/40 portfolio (60% stock, 40% bonds) and how horrible it performed last year.  Both stocks and bonds took a big hit.  Hear if David and Travis agree and if their is another portfolio allocation they prefer.   Protect, grow, and Reduce Taxes on your Wealth!    
There’s a major tax event coming in 2026.  And that’s the expiration of the so-called ‘Trump tax cuts’ (the Tax Cuts and Jobs Act passed in 2017).  What do people need to understand about this when it comes to tax planning and what should they consider for the next few years?
Want to talk about risk? Risk is also a part of retirement planning.  But, how can you be a part of the "risk" and also protect and grow your money? David and Travis explain in todays episode!  
A new poll (by Retirable) shows many Americans are hoping for the best when it comes to having enough money for retirement.  It found 64% of retirees do not feel like they’ve saved enough to get them through, and more than half expect to take on a part-time job to make ends meet.  David and Travis discuss their planning process to eliminate the fear of running out of money in retirement. Call David and Travis today for your custom Financial Lab. This lab is designed to show you how you can protect and grow your income giving you a stress free retirement! 
Did you know that if you go to a casino, you can get a sheet listing the odds of winning for each game?  So, when it comes to assessing the probabilities of achieving retirement goals, what tools do you have at your disposal? Then, baseball Hall of Famer Ken Griffey, Junior hasn’t suited up for the Cincinnati Reds since 2008.  Yet in 2023, he’s the third-highest paid player on the Reds payroll.  Why?  Because Griffey elected to defer his salary and will make more than three and a half million dollars this year!  In retirement, isn’t an annuity a good way to defer income? Find out if an annuity is a fit for YOU and YOUR custom income plan for retirement - call today for your custom Financial Lab! 
Do you have an income plan as part of your retirement picture?  Financial advisor Angela Sloan tells TD Ameritrade not to confuse it with the stock market. David and Travis explain the importance of creating the different streams of income and how annuities can be a vital part of your success in retirement!  Call David and Travis today for your customize Financial Lab designing your financial plan! 
Did you know that the order in which you eat your food might impact your health?   While we consume that thought, this reminds me of something we’ve talked about before – withdrawals from a retirement plan.  Is there a certain order of funds that you recommend they pull money from?    Call Shepherd Wealth Solutions today and create your custom income plan with the Financial Lab!  
The cost of Long-Term Care can be $10,000 a month or more.  No wonder so many say it’s one of the huge “gotcha” expenses in retirement.  And now, a dozen states are considering implementing a mandatory tax on people who don’t carry long-term care insurance.  Is buying this the best answer to covering those costs?  Call today for your Financial Lab! 
You will likely enter retirement having saved in a number of different places.  An article in Smart Asset says if you want to be smart with taxes you should pull the money out in this order:  Tax-deferred accounts (IRAs and 401ks), then taxable accounts, then Roth accounts.  David and Travis explain how they take this approach and help YOU be tax efficient in retirement!  Call today for your Complimentary Tax Lab! 
Are we already in a recession?  The CEO of BlackRock Financial says “no,” but it’s just a matter of time.  Larry Fink tells Fox Business that he bases his prediction on the housing market starting to collapse, car sales falling and more people borrowing from their retirement plans.  What do you think?  Hear David and Travis talk about the benefits you could have after putting together a customized Financial Lab so you are prepared for a recession, high inflation, tax changes and more!   Call today for your customized Financial Lab! 
The guy who invented the concept of the “4% percent” rule thinks it’s too early to cut the withdrawal rate to 3% because of today’s volatile markets.   Bill Bengen feels it would take a “catastrophic” set of circumstances before people reduce their withdrawal rate. David and Travis share their message about how much to take from retirement accounts during this economy, and how to protect and grow your money the right way! Call today for your customized Financial Lab!  
President Biden says the economy is "strong as hell" and inflation is worldwide and we have it better in the USA then the rest of the world. Inflation is very much still top of mind for many, and of course we have seen ALOT of market volatility, hear how Travis and Shepherd Wealth Solutions helps people preserve, protect and grow their income in retirement!   Call Shepherd Wealth Solutions for your Financial Lab! 
How diversified should a portfolio be in these volatile times?  One study found that most believe it takes only 30 holdings to be diversified.  But one chief investment officer recently said it should be more like 200 stocks!  So, what’s a diversified portfolio look like to you and your clients?   
While many Hollywood stars are richer than most of us, there’s one way they’re the same – they have mortgages.  Theirs is just much bigger.  For example, even though Beyonce and her husband Jay Z are worth $1.8 billion, they still took out a $53 million loan for their Bel Air mansion.  That’s a monthly payment of $227 grand!  Now, some approaching retirement may want to pay off their mortgage beforehand.  When is that a smart thing to do?  
What are the chances we could fall into recession in the next year?  Economists with Bloomberg say it’s 100% certain.  And it might hit sooner than later.  Hear how David and Travis can help you survive and thrive in an uncertain economy! 
Even the rich can get bad advice. Listen to what happened to media mogul Tyler Perry when his accountants steered him through an IRS audit that proved a HUGE mistake.  What would you do with a financial advisor if they made a serious mistake in someone’s retirement plan?  
We’ve talked before about the tax advantages of converting your 401(k) money over to a Roth. One article says those best suited for a conversion are:  Retired. Years away from the RMD age of 72. Married couples with a large age gap. Those not yet taking Social Security. Why are these factors an advantage?
Actor/Comedian Bill Murray joins the show and says being a famous Hollywood celebrity says saving for retirement is only half of the equation. The other half is deciding how you want to spend your time.  David and Travis describe their process when working with people just like you get to and through retirement while checking off items on your bucket list!  
Fidelity says the number of people who have 1 million dollars in their 401(k) accounts is down almost 30%.  People who have a million dollars are probably close to retirement, so this brings up the topic of risk management.  David and Travis explain how they help their clients “de-risk” their 401(k) so they aren’t just going up and down with the stock market. Plus, Americans are trying to stretch their dollars amid high inflation, but they might be overlooking money they already have – gift cards! Check your wallets!  A new survey (by CreditCards.com) found the average person has $175 in unused gift cards.  And if you don’t remember to cash them in, you’re leaving money on the table.  When it comes to retirement planning, what are some of the ways to prevent leaving money on the table?  Call David and Travis today for your Financial Lab!     
The stock market is trying to continue its rally.  And prices – especially gas – have been coming down.  But economist Nancy Lazar tells Fox Business that we’re not out of the woods yet, she believes future interest rate hikes by the Fed to fight inflation will push us that way.  Hear David and Travis explain how their Financial Lab can help you develop a plan that can help both protect and grow your income - recession or not!  
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