Advertise on podcast: Your Money with David Hays

One of the biggest questions in retirement planning is "How long will my money last?" That's an impossible one to answer, as there are countless factors involved. This week David discusses the topic and options to help minimize the chance of running out of money.   Also this week - Qualified Charitable Distributions, or QCDs. Ed Slott was recently featured in a Morningstar article discussing the benefits of QCDs, who is eligible to use them and more. With a little over two months left in 2026, this may be an option for individuals taking Required Minimum Distributions (RMDs).   David will also discuss estate planning for extended family members, as well as how business owners handle transitions - selling, passing along to family, selling to employees and more.

Doug Hughes joins David on the airwaves this week as the duo talk markets, inflation and the Federal Reserve. The Social Security Administration announced Wednesday that the 2027 COLA (Cost of Living Adjustment) would be 3.6% in 2027 - but is that enough for recipients?   Rod Holloway from CFCI will call in with a market update and what the midterm elections mean in the financial world... plus Doug will share about his recent retirement class with Ivy Tech Community College, especially what's on the minds of people 5-10 years away from retirement.

This week on Your Money with David Hays, David welcomes back Josh Norris from the office.   Medicare Open Enrollment begins next Thursday, October 15 and ends in early December. Josh and David will discuss what options Medicare participants have during this open period, review drug plans and benefits, Affordable Care Act (ACA) credits and much more.   If you are enrolled in Medicare, or know someone who is, encourage them to listen to this week's program. Josh is happy to meet and discuss options and benefits on the different Medicare plans. Visit cfci.us/medicare to learn more.

This week on Your Money with David Hays, David welcomes Congresswoman Erin Houchin, who represents Indiana’s 9th Congressional District, including south-central and southeastern Indiana.   David and Congresswoman Houchin will discuss three topics that are frequently in the news and often come up in financial planning conversations: the national debt, Social Security and Trump Accounts, which were established for children born between 2025 and 2028. Tune in as they take a closer look at these issues and their potential impact on individuals, families and future generations.

If you've listened to the show since the early days (starting around 2002), you may recall David discussing demographics - the statistical characteristics of people. This week David is revisiting the subject - diving into consumer spending and savings - and how those characteristics and habits have changed over the past twenty years.  Also this week, The Wall Street Journal had an article about grantor-retained annuity trusts, or GRATs, and how the IRS is looking into this method of transferring wealth.

It's been a big week in financial news, as the Federal Reserve increased rates 0.25%. David will discuss how this impacts earnings, valuations, bonds and more - with Rod Holloway from CFCI joining him on the phone.   Also this week - while the idea of retirement is different for everyone, there are many common questions and themes. How do I find reliable income in retirement? How do I keep up with inflation? How do I keep my taxes as low as possible? David will discuss these common questions and offer some suggestions to listeners.   Plus - if you're part of a blended family, estate planning can be a tough process. David will share about some recent conversations and how families best-handle the creation of an estate plan.

Did your parents, or your grandparents, have a pension? Do you remember hearing about these retirement programs that were fairly common to American workers years ago? This week David dives into a recent Wall Street Journal article about some companies bringing pensions back to entice and retain employees.   "America's IRA Expert," Ed Slott, was recently interviewed for a different article in The Wall Street Journal about various retirement strategies people may not know. David will talk about some of those strategies and offer insights for listeners.   Plus - are there economic indicators today that can forecast what may be ahead over the next six-to-nine months? All this and more this week!

With the national debt climbing past $40T, what are the options to reduce the spending? This week David discusses potential options - reducing spending and benefits, raising taxes or a combination of things.  Also, The Wall Street Journal reports that "Corporate America's Profits are Booming - and Signal More Good Times Ahead." Rod Holloway from CFCI will be on to discuss the article as well as news from the Middle East.  Plus, many parents (older and younger) are helping their children financially these days. There can be a lot of confusion about the different ways to give money - David will explain what a gift tax is and more about the Great Wealth Transfer coming to America.

David is back live in the studio this week to catch listeners up on a variety of topics - including the news from late last week that the US national debt hit $40T (and continues to climb).   Last week's show included discussion on estate planning and trusts - and this week David will talk about the idea of naming a trust as the beneficiary of an IRA. Plus, fixed-income investing is something many people discuss in their retirement planning, and David will highlight some ideas on that, as well as fundamentals of NUA - Net Unrealized Appreciation.

This week local attorney Dustin Plummer is on the show to discuss estate planning. It's a common topic on the program, but this time we step away from the financial details and more into the legal aspects of financial planning - the misconceptions people have of estate planning, why parents and grandparents worry about leaving sizeable inheritances, what to do when second marriages and blended families come into play, the biggest beneficiary mistakes people make and much more.   Dustin is a partner with Mallor Grodner Plummer Attorneys, and has been a guest on the show in the past, as well as a guest speaker at educational programs we have hosted.   There will be a lot of details covered in this show that apply to all listeners, and to people with all types of estates. Be sure to tune in, listen to the replay or catch the podcast.

This week is our latest Question and Answer Show, and it's filled with a variety of questions from listeners and in-person conversations over the last several weeks. Some of the questions include:    I need to take another required minimum distribution (RMD) this year. What options do I have if I do not need the money? My son is 18 months old. I want to start saving for his future, but I'm not sure a 529 plan is the best option. What other ways can I save money for him? I've heard you talk about Net Unrealized Appreciation before. Can you explain that more in detail? What happens when a person dies when a balance in his health savings account (HSA)? When is open enrollment for Medicare? Are "basis" and "cost basis" the same thing?   David and Jim Inman will tackle these questions and more this week on the show!

David dives deep this week into the world of IRAs - understanding the basics of the investment product, understanding "basis" and "cost basis," the "ghost-life rules" of IRAs and why inherited IRAs (and 401(k)s can quickly become complicated.   Plus, David will provide an economic outlook on a variety of topics - the Middle East, inflation, the labor market, the financial markets and early thoughts on the mid-term elections.

This week the Federal Reserve met, taking a 9-3 vote to keep interest rates steady again. What does that mean for the next few months for Americans? David Hays welcomes Rod Holloway from CFCI to discuss the vote as well as US GDP and more.   Fidelity Investments shared their 25th annual Retiree Healthcare Cost report this week, and David will share some of the highlights and insights from the report. It's an opportunity to see how rising healthcare costs will impact retirement planning, and what possible tools can help with financial planning.   Plus, do you know anyone who retired early - and regretted it? David will share an article about Americans who took an early retirement, without looking at some of the big-picture planning as well. For some, working an extra year or two can make a big difference in the long-term financial peace.

Are you thinking about moving? This week David will be discussing real estate capital gains, and options to potentially avoid or delay capital gains. Last week David ran short on time for his mid-year financial discussion. He will discuss savings, beneficiaries and spending habits - and how to review and modify those habits based on needs and goals. All this, plus looking at five common mistakes when converting a Roth IRA - and how you can avoid them.

It's a step in the (potentially) right direction. This week the House passed legislation to make daylight saving-time permeant. What does that mean for Hoosiers, and the rest of the country? David will share thoughts on the impact - and upcoming conversations with state elected officials.   Also, is the Australian system of retirement something the US should consider? David will discuss how Australia's retirement program works, and why it may be something to consider as Social Security continues to be challenged for Americans - especially those not yet retired.   Plus - are your beneficiaries in good order? Have you looked at your income and tax situation? David will dive into the different ways people look at financial planning, and why it's important to see the big picture in things.   All this, plus Rod Holloway from CFCI with a market update.