The Money Professor with Chris Longworth

In this episode of The Money Professor, draws parallels between sports strategies and financial planning, emphasizing the importance of consistency and knowledge in achieving retirement goals. He discusses the cyclical nature of sports and how it mirrors the financial planning process, where evaluation and improvement are key to success.He highlights the significance of understanding financial products, particularly annuities, and ...

In this conversation, Jackie Selby  and Chris Longworth discuss the critical aspects of retirement planning, emphasizing the difference between having a retirement plan and a well-defined benefits plan. They explore common misconceptions about retirement expenses, the importance of tax planning, and strategies for generating income in retirement. The discussion highlights the need for financial education and the role of health...

In this conversation, Chris Longworth, the Money Professor, discusses the importance of financial planning, budgeting, and overcoming fear in managing personal finances. He emphasizes the need for a structured approach to retirement planning, including understanding healthcare costs and long-term care. The discussion also covers the significance of knowledge in making informed financial decisions and the impact of debt on wealth bu...

In this episode of The Money Professor, Chris  discusses the common fears retirees face regarding their financial future, emphasizing the importance of education in making informed decisions. He highlights the risks of DIY retirement planning and the benefits of annuities as a stable income source. The conversation also covers tax planning strategies, the impact of market volatility, and the significance of planning for long-t...

In this episode of The Money Professor, Chris Longworth and  Jackie Selby discuss the importance of continuing to invest even after retirement. They emphasize the need for financial education, understanding longevity risk, and the changes in 401(k) plans. The conversation also covers the significance of income planning, the impact of inflation, and the necessity of preparing for unexpected life events. Additionally, they delve...

In this episode, Jackie Selby  and Chris Longworth discuss the impact of inflation on financial planning, emphasizing the importance of cash flow and retirement strategies. They explore the concept of building a personal pension for guaranteed income, the significance of financial discipline in inflationary times, and the rising healthcare costs in retirement. The conversation also delves into the psychology of money, highligh...

 As the year winds down, it's crucial to take a moment to assess your financial health and make strategic moves that can protect your wealth. In this episode of The Money Professor, host Chris Longworth emphasizes the importance of knowledge in financial planning and provides actionable steps to help you navigate the end-of-year financial landscape.

Call Chris Longworth and the team at The Financial Education Group at 8...

In this conversation, Chris Longworth discusses the importance of having a well-structured retirement plan that aligns with one's lifestyle, longevity, and legacy goals. He highlights the common conflicts found in traditional retirement plans, such as growth versus protection and income versus legacy. Longworth introduces the concept of the 'No Compromise Retirement Plan' as a solution to these conflicts, emphasizing the need for k...

In this conversation, Chris discusses the critical aspects of retirement funding, focusing on the importance of decumulation and income distribution strategies. He emphasizes the need for a defined distribution plan to ensure financial stability in retirement, addressing common pitfalls such as over-saving and under-spending. The conversation also highlights the risks associated with decumulation, including longevity and inflation,...

In this conversation, Chris Longworth  discusses the upcoming tax changes due to the Secure Act 2.0, emphasizing the importance of understanding the tax code and its implications for individuals over 50. He explores strategies for tax mitigation, including the benefits of Roth conversions and the impact of Required Minimum Distributions (RMDs) on tax brackets. The discussion also covers the significance of financial education ...

In this conversation, Jackie Selby and Chris Longworth discuss the multifaceted aspects of retirement planning, emphasizing the importance of not just financial security but also personal fulfillment. They explore the psychology of money, the necessity of personal pensions, and the critical role of education in financial literacy. The discussion also touches on tax strategies, long-term care considerations, and the value of mentors...

In this episode of The Money Professor, Chris Longworth discusses the journey of retirement, emphasizing the importance of packing the right mindset and strategies for financial success. He introduces the Wealth Defender Strategy, which focuses on accumulation, preservation, and flexible distribution of wealth. The conversation also addresses common financial clutter that can hinder retirement planning and the psychological aspects...

In this episode of The Money Professor, Chris Longworth discusses the critical aspects of retirement income planning, emphasizing the importance of having a structured income distribution plan. He highlights the psychological barriers that prevent individuals from spending their savings in retirement and the necessity of smart money management skills. The conversation also touches on the role of 401(k) plans, the future of social s...

In this conversation, Chris Longworth  discusses the unique challenges and strategies for Gen X as they approach retirement. He emphasizes the importance of strategic financial planning, understanding social security, and the role of cash value life insurance in creating a secure financial future. Through real-life case studies, he illustrates how proper planning can mitigate risks and enhance financial security. The discussio...

In this conversation, Chris Longworth discusses various aspects of retirement planning, focusing on the importance of financial control, life insurance, tax management, and strategies for gifting and legacy planning. He emphasizes the significance of understanding different financial products, such as annuities and life insurance, and how they can be utilized effectively to secure a comfortable retirement. The discussion also highl...

In this conversation,Jackie Selby  and Chris Longworth delve into the psychology of money, emphasizing the importance of education in financial planning. They discuss the concept of building a personal pension for retirement, navigating 401k options, and the risks associated with cashing out retirement accounts. The conversation also highlights the significance of planning for healthcare costs and the complexities of long-term...

In this conversation, Chris Longworth, the Money Professor, discusses the implications of Required Minimum Distributions (RMDs) and taxes in retirement. He emphasizes the importance of understanding tax strategies, including Roth conversions, to minimize tax liabilities. The discussion also covers the impact of RMDs on Medicare premiums, the significance of tax categories, and the psychology of money. Chris provides insights into i...

In this conversation, Chris Longworth, the Money Professor, discusses various aspects of retirement planning, including the importance of continuous contributions, understanding annuities, and the role of education in financial decision-making. He emphasizes the need for a solid retirement income plan, the impact of healthcare costs, and strategies for charitable giving. The discussion also covers navigating Medicare options and ma...

For decades, the default financial wisdom told us to sock money away in tax-deferred
accounts like IRAs and 401(k)s. And while those accounts are powerful, they can also
create a ticking tax time bomb if you’re not strategic about withdrawals. Add in the
impact of massive government spending during COVID, and it’s clear: the tax landscape
in retirement is shifting.
If you're nearing retirement or already ...