Kickin' with The Rickens: Redefining Retirement

Gerry Ricken, Heidi Ricken-Provost, and co-host Doug Turnbull talk about the difference between money managers and money planners. Gerry and Heidi share how planners earn their fees by not just taking care of money, but buy helping craft goals and the plan to try and achieve them. They also share how planners help people make the proper adjustments along the way to reaching their financial goals and how financial advisors help with...

Heidi Ricken-Provost and co-host Doug Turnbull discuss how people can handle market volatility and how the right plan can help keep people from obsessing over the daily gloomy headlines. Heidi talks about diverse plans that help preserve funds, an income plan that is not market-dependent, and the importance of tax planning. And Heidi talks about the people she networked with at a recent women&r...

Gerry Ricken and co-host Doug Turnbull talk about the transition from April to May and how taxes are always in-season. Gerry also explains how tax strategizing goes hand-in-hand with healthcare planning and the financial factors people should consider when deciding to switch to Medicare. Gerry shares how a financial advisor can distill many numbers and factors into simpler, straighter lines to help people make better financial deci...

With Heidi away, Gerry Ricken and co-host Doug Turnbull discuss her speaking appearance at the Investing in Women conference in Boston. Gerry then talks about the recent financial volatility and how an approach to that can be like his family’s approach to gardening. Gerry compares the precision of tomato farming to that of a fixed index annuity: harvesting at the right time and the right ways to preserve. Gerry explains the d...

Heidi Ricken-Provost and co-host Doug Turnbull discuss several factors that can stack the deck against women and their finances. Fresh off of a women’s seminar with Ricken Financial, Heidi shares some eye-popping statistics about women and wages, divorce, and long-term care. She then shares six phases of planning that every woman should do and why a financial advisor can help in some of t...

Gerry Ricken and co-host Doug Turnbull discuss index universal life insurance (IUL). Gerry explains what it is, how it is different from other life insurance products, and how there are elements of it that can grow tax-free. He also explains how IULs can grow tax free and how the principal amount is preserved in those accounts. Gerry also talks about the fish fry at his local parish and the rec...

Heidi Ricken-Provost, Gerry Ricken, and co-host Doug Turnbull put a cap on this series on tax diversification. Gerry and Heidi quickly break down ten of the many tools that they help people with in their quest to try to minimize taxes in retirement. They also emphasize that everyone’s tax plan is different and the laws are constantly changing, so people should not try to come up with thes...

Gerry Ricken, Heidi Ricken-Provost, and co-host Doug Turnbull discuss one last tax diversification tool in this series: index universal life insurance policies. Heidi and Gerry explain how IULs work and how they can be used for tax-free money growth. They share how life insurance policies can actually help people during their lives, but also how they can be a tool for the future generation, too. And they pay tribute to a beloved fa...

Heidi Ricken-Provost, Gerry Ricken, and co-host Doug Turnbull define installment sales and how spreading the income from a property sale over time can help lower the tax burden. Gerry and Heidi also explain cost segregation and some lesser-known ways that owners of rental properties can get tax write-offs. And Heidi and Gerry share about serving at the Ronald McDonald House and how that place h...

Gerry Ricken, Heidi Ricken-Provost, and co-host Doug Turnbull discuss what tax loss-harvesting is and how people can use it to minimize the taxes they pay on capital gains. Heidi and Gerry also explain the kinds of accounts this works and does not work for and how losses can be applied across a portfolio to offset gains. Then they share the tax pros and cons of municipal bonds and why people need an advisor to walk them through the...

Heidi Ricken-Provost, Gerry Ricken, and co-host Doug Turnbull discuss how capital gains and net unrealized appreciation can actually save money in taxes. Gerry and Heidi define what each is and explain how moving or using money within these accounts can cost less in taxes than traditional income taxes. They also define the different tax brackets and parameters for tax savings in each instance. And they talk about the tedious task o...

Gerry Ricken, Heidi Ricken-Provost, and co-host Doug Turnbull talk about non-qualified accounts and how they can be very beneficial in tax planning. Heidi and Gerry define what Roths, HSAs, and 529s are, the parameters and limits for each, the ways funds can be converted to and from those accounts, and how they potentially can lighten a tax burden. The Rickens also talk about losing their Chiefs Super Bowl bet to fellow advisors in...

Heidi Ricken-Provost, Gerry Ricken, and co-host Doug Turnbull explain the first two of ten different tax diversification strategies. Gerry and Heidi talk about required minimum distributions: the ages they kick in, why taking them earlier in the year is better, what the penalties and deadlines are, how they increase with age, and how to pay the least taxes on them when they disperse. They also explain qualified charitable distribut...

Gerry Ricken, Heidi Ricken-Provost, and co-host Doug Turnbull discuss the importance of a diversified tax strategy. In part one of this six-part series, Heidi and Gerry list and briefly explain 10 different ways people can save on or even possibly eliminate taxes: traditional accounts, QCDs, net unrealized appreciation, ROTHs, HSAs, 529 plans, tax loss-harvesting, capital gains, municipal bonds, and tax-free retirement. Heidi also ...

Gerry Ricken and co-host Doug Turnbull discuss a novel way to both pay down debt and accrue value. Gerry explains how buying a whole life insurance policy can enable someone to pay back other debt faster and how they can still gain some growth from the plan. Gerry gives examples of two different generations of people and how they overcame some major debts this way. Gerry also talks about his family’s trip to the Chiefs’...

Heidi Ricken-Provost, Gerry Ricken, and co-host Doug Turnbull talk about the various scams out there and the insidious ways identities and money get stolen. Gerry and Heidi share stories from their clients and things both to do and not to do in handling fraud. They also share what to look for in an odd communication and some different ways that Ricken Financial coaches people to be proactive. Heidi and Gerry also detail their 12-ho...

Gerry Ricken, Heidi Ricken-Provost, and co-host Doug Turnbull discuss the financial moves people should make to start off the new year. Gerry and Heidi talk about the importance of tax planning, so people can both experience growth the whole year and plan for any taxes they will have to incur. They specifically discuss the importance of not waiting to do Roth conversions. Gerry and Heidi explain how to anticipate for and pace out r...

In this bonus episode, Gerry Ricken and co-host Doug Turnbull spend some time getting to know each other. Doug talks about his previous career as an airborne traffic reporter and the adjustment of moving into financial podcasting. Gerry talks about how much he and Heidi love getting to know clients and how they help people navigate financial decisions in some of the hardest times of their lives. Gerry also talks about his family&rs...