The Wise Money Show™
Listen to Certified Financial Planners Kevin Korhorn, Josh Gregory and Mike Bernard as they help you in your pursuit of financial freedom. Not your typical, boring financial podcast, Wise Money is a jargon-free zone telling real-life financial principles in real-life situations. Wise Money covers current financial issues regarding the six areas of financial planning (Retirement Planning, Investment Planning, Tax Planning, Protection Planning, Estate Planning and Present Financial Position) and answer listener questions. Join us for a weekly discussion about financial topics that impact you: saving for retirement, planning for college, good financial habits for small business, what you need to...
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Inheriting a Roth IRA? Avoid the 5-Year Beneficiary Nightmare
<p>Think you have 10 years to empty an inherited IRA? That may not always be the case. In this episode of Wise Money, we break down the lesser-known 5-year rule, how beneficiary designations can change your options, and why regularly reviewing them matters. Plus, we answer listener questions about saving for a first home, Mega Backdoor Roth contributions, and Roth IRA 5-year rules.</p> <p>Season 11, Episode 52</p> <p >Download our FREE 5-Factor Retirement guide: https://wisemoneyguides.com/ </p> <p > </p> <p >Schedule a meeting with one of our CERTIFIED FINANCIAL PLANNERS™: https://www.korhorn.com/schedule-a-call/ or call 574-247-5898...
The Correct Way to Plan for Healthcare in Retirement
<p>Healthcare could be one of your biggest expenses in retirement, but are you actually planning for it? In this episode of Wise Money, we break down how much you should budget for Medicare and healthcare costs, including what to consider if you retire before age 65. We also discuss IRMAA, HSAs, long-term care, and how rising healthcare costs could impact your overall retirement plan.</p> <p>Season 11, Episode 51</p> <p >Download our FREE 5-Factor Retirement guide: https://wisemoneyguides.com/ </p> <p > </p> <p >Schedule a meeting with one of our CERTIFIED FINANCIAL PLANNERS™: https://www.korhorn.com/schedule-a-call/ or call 574-247-5...
The Biggest Life Transitions That Can Derail Your Financial Plan
<p>our 50s are filled with major life changes that can have a lasting impact on your financial future. From helping kids through college to becoming an empty nester and preparing for retirement, each transition brings new opportunities and new decisions. In this episode of the Wise Money Show, we break down the biggest financial transitions most people face in their 50s, the mistakes to avoid, and the planning strategies that can help you stay on track. </p> <p>Season 11, Episode 50</p> <p >Download our FREE 5-Factor Retirement guide: https://wisemoneyguides.com/ </p> <p > </p> <p >Schedule a meeting with one...
Stuck With a Huge 401k? How to Reduce Retirement Taxes
<p>If you've spent years building your 401(k), you could be heading toward a retirement tax problem you never saw coming. In this episode of Wise Money, we explore whether it makes sense to keep funding a Roth 401(k), switch to pre-tax contributions, or use Roth conversions to reduce future taxes. You'll also learn how tax diversification, IRMAA, required minimum distributions (RMDs), and long-term tax planning can impact your retirement income. </p> <p>Season 11, Episode 49</p> <p >Download our FREE 5-Factor Retirement guide: https://wisemoneyguides.com/ </p> <p > </p> <p >Schedule a meeting with one of our CERTIFIED FINANCIAL PLANNERS™: https...
The Four Levels of Tax Planning with Patrick Lonergan
<p>Tax planning is about much more than filing your tax return each year. In this episode of the Wise Money Show, we break down the four levels of tax planning and explain how proactive tax planning strategies can help individuals, business owners, and entrepreneurs reduce lifetime taxes and build more wealth. Learn the difference between tax preparation and tax planning, discover legal tax-saving opportunities, and avoid common mistakes that can lead to costly tax surprises. We're joined in the studio by special guest and tax planning expert Patrick Lonergan.</p> <p>Season 11, Episode 48</p> <p >Download our FREE 5-Factor...
Most People Retire Sooner Than Expected - Don't Get Caught Off Guard
<p>If you're planning to retire at 65, the data suggest there's a good chance life may have other plans. In this episode of The Wise Money Show, we explain why so many people retire earlier than expected and how to build a retirement plan that can adapt to unexpected changes. Learn the Five-Factor Retirement Plan, how to stress test your retirement readiness, and the steps you can take now to prepare for whatever the future holds. </p> <p>Season 11, Episode 47</p> <p >Download our FREE 5-Factor Retirement guide: https://wisemoneyguides.com/ </p> <p > </p> <p >Schedule a meeting with one of...
How to Create More Financial Independence
<p>Financial independence isn't just about retirement. It's about creating the freedom to make financial decisions with confidence and without being held back by debt or financial stress. In this episode of the Wise Money Show, we share practical habits, proven strategies, and simple first steps that can help you build more financial independence, no matter where you're starting. Learn how to improve your cash flow, eliminate debt, save more effectively, and create a financial plan that gives you more choices today and in the future.</p> <p>Season 11, Episode 46</p> <p >Download our FREE 5-Factor Retirement guide: https://wisemoneyguides...
How to Position Your Portfolio for the Second Half of 2026 - Stock Market Outlook
<p>The stock market has exceeded expectations in 2026, but rising recession warnings have many investors wondering what comes next. In this episode of the Wise Money Show, the team breaks down the biggest forces shaping today's stock market outlook, including AI, market concentration, inflation, interest rates, and consumer spending. We also explain why diversification still matters, how to prepare your portfolio for increased volatility, and what long-term investors should focus on instead of short-term headlines. </p> <p>Season 11, Episode 45</p> <p >Download our FREE 5-Factor Retirement guide: https://wisemoneyguides.com/ </p> <p > </p> <p >Schedule a meeting with one of our...
NUA Explained: How to Reduce Taxes on Company Stock in Your 401k
<p>Could a little-known tax strategy save you thousands in retirement? In this episode of the Wise Money Show, we break down Net Unrealized Appreciation (NUA)—an advanced 401(k) strategy that can help reduce taxes on highly appreciated company stock. Learn how NUA works, who may benefit from it, the potential pitfalls to avoid, and why careful planning before retirement is essential. If you have company stock in your 401(k) or are approaching retirement, this is an episode you won't want to miss.</p> <p>Season 11, Episode 44</p> <p >Download our FREE 5-Factor Retirement guide: https://wisemoneyguides.com/ </p> <p > </p> <...
Is Your Retirement Plan Missing These 3 Critical Components?
<p>Are you on track for a successful retirement? While most people focus on how much they've saved, retirement success depends on much more than your account balance. In this episode of the Wise Money Show, the team breaks down the five key factors that determine retirement readiness. Learn how financial advisors evaluate retirement success and discover the critical ingredients that can help you retire with confidence.</p> <p>Season 11, Episode 43</p> <p >Download our FREE 5-Factor Retirement guide: https://wisemoneyguides.com/ </p> <p > </p> <p >Schedule a meeting with one of our CERTIFIED FINANCIAL PLANNERS™: https://www.korhorn.com/sche...
