Wealthworx Radio with Eric Kearney

Joseph Lanza discusses various economic indicators that signal potential recessions, including quirky signs like the Lipstick Index and more traditional metrics like GDP and consumer confidence. They emphasize the importance of understanding consumer behavior and its impact on the economy. The conversation also delves into retirement planning, highlighting common mistakes individuals make, such as not timing IRA withdrawals strateg...

Joseph Lanza discusses the importance of having a solid financial plan, especially in times of market volatility and inflation. They emphasize the need for active portfolio management and the unique challenges women face in retirement planning. The conversation also touches on strategies for tax efficiency and the significance of prioritizing personal financial health. The episode concludes with light-hearted motherly advice on fin...

Eric Kearney and Joseph Lanza discuss the importance of realistic assumptions in retirement planning, the risks of relying on inheritance, and the need for a comprehensive financial plan. They explore common misconceptions about retirement savings, the current volatile market, and opportunities in annuities and Roth conversions. The conversation emphasizes the significance of planning for various scenarios and the necessity of adap...

Eric Kearney and Joseph Lanza discuss the current market volatility, particularly as it relates to retirement planning. They emphasize the importance of understanding market reactions to tariffs, the significance of long-term investment strategies, and the necessity of managing income and expenses in retirement. The conversation also touches on the overwhelming influence of media on investor behavior and the need to control what ca...

Eric Kearney and Joseph Lanza discuss the current economic climate, focusing on recession fears, market volatility, and the importance of strategic financial planning. They emphasize the need for a portfolio recovery strategy during turbulent times and the significance of maintaining a long-term perspective on investments. The conversation also highlights the role of effective communication between clients and advisors to navigate ...

Joseph Lanza discusses the importance of tax-efficient strategies for retirement planning. They explore various financial tools such as indexed universal life insurance, annuities, and health savings accounts, emphasizing the need for comprehensive tax planning. The conversation also touches on the significance of charitable giving in managing required minimum distributions (RMDs) and draws parallels between retirement planning and...

Eric Kearney and Joseph Lanza discuss the unpredictable nature of life and its impact on retirement planning. They emphasize the importance of being prepared for various curveballs, including health issues, financial instability, and unexpected family matters. The conversation highlights the necessity of comprehensive financial planning, particularly in relation to healthcare costs and tax implications. The hosts also challenge out...

Eric Kearney discusses the implications of recent tariffs on the economy and the stock market. They explore how these tariffs can create uncertainty, affecting consumer prices and retirement funds. The conversation emphasizes the importance of sticking to a financial plan amidst market volatility and the growing national debt, which poses a risk to Social Security and other programs. Eric highlights the need for proactive financial...

Joseph Lanza delves into the multifaceted aspects of retirement planning, emphasizing the importance of financial security, lifestyle considerations, and the psychological adjustments that come with retirement. The speakers discuss the significance of having a comprehensive financial plan that addresses income needs, healthcare costs, and the maintenance of social connections. They also highlight the necessity of finding purpose be...

Eric Kearney and Joseph Lanza discuss the multifaceted aspects of retirement, emphasizing the freedom it brings alongside the challenges of financial planning and identity shifts. They explore the importance of creating a sustainable income in retirement, the psychological adjustments required when transitioning from a working life, and the strategies for de-risking investment portfolios. Additionally, they delve into the nuances o...

Eric Kearney and Joseph Lanza discuss the critical question of how much money individuals need for retirement, emphasizing the importance of understanding one's personal financial situation rather than comparing it to others. They challenge outdated financial advice and stress the need for a comprehensive financial plan that considers current economic conditions, personal expenses, and future healthcare costs. The conversation also...

Eric Kearney and Joseph Lanza delve into the concept of behavioral finance and its implications for retirement planning. They discuss how emotional triggers and investment behavior can significantly impact financial decisions, especially during market volatility. The conversation emphasizes the importance of understanding one's relationship with money, the need for proper financial planning, and the role of financial literacy in ma...

Eric Kearney discusses the evolving landscape of retirement planning as they step into 2025. They explore the impact of geopolitical shifts, inflation, and interest rates on the investment landscape. The conversation delves into strategies for protecting retirement savings, the importance of emotional intelligence in financial planning, and the role of behavioral finance in investment decisions. They emphasize the need for proactiv...

Eric Kearney, and Joseph Lanza discuss the critical connection between financial fitness and physical fitness. They explore various exercises that can enhance both physical health and financial well-being, emphasizing the importance of discipline in both areas. The conversation transitions into strategies for navigating market fluctuations and the significance of having a solid recovery plan during market downturns. Th...

Eric Kearney and Joseph Lanza discuss critical financial concerns for retirees, including the importance of proper planning, understanding employer resources, and the mismanagement of 401(k) plans. They emphasize the need for a proactive approach to retirement planning, the impact of daily market fluctuations, and the role of technology in financial advice. The conversation also highlights valuable financial advice and...

Joseph Lanza discusses the feasibility of retiring in three years or less. They explore essential factors such as financial planning, cash flow, income streams, health care considerations, and the importance of maximizing retirement accounts. The conversation also delves into the implications of debt, mortgage management, and the potential role of part-time work or freelancing in retirement. This conversation delves into various as...

Joseph Lanza discusses the findings of a study by Northwestern Mutual that reveals how the wealthy excel in financial planning compared to the general population. They explore the importance of having a long-term financial strategy, the need for regular updates to financial plans, and the benefits of working with a professional advisor. The conversation also delves into the psychological aspects of financial planning, emphasizing t...

Eric Kearney and Joseph Lanza discuss significant upcoming changes in retirement planning for 2025, including higher contribution limits for 401k plans and automatic enrollment expansions. The hosts discuss the implications of required minimum distributions (RMDs) and the benefits of qualified longevity annuity contracts (QLACs). They emphasize the importance of comprehensive financial planning and draw parallels between military b...

Eric Kearney and Joseph Lanza discuss essential strategies for wealth preservation and financial planning. They explore the mindsets of wealthy individuals, emphasizing the importance of discipline, continuous improvement, and having a comprehensive financial plan. Key topics include diversification, maintaining a cash reserve, tax strategies, estate planning, and the role of life insurance in wealth transfer. The conv...