Is your financial planner as knowledgeable as they say they are? Do they have all the experience needed to guide you? In this episode, Michael, Tommy, Ben, and John dive deep into the common misconceptions surrounding financial planning. They challenge the notion that anyone can be a financial planner and stress the importance of transparency in the industry. Listen in as they shed light on topics like estate planning for everyone, why financial planning extends beyond insurance sales or investment management, and more. Access the full show notes at Mason & Associates, LLC

Have you ever wondered how your financial planner gets paid? In this episode, Michael, Tommy, John, and Ben tackle this question head-on, shedding light on the various compensation methods in the financial planning industry. They cut through the jargon to explain the surge in annual meetings and the strategic importance of mapping out financial goals at the beginning of the year. From explaining fee-only versus commission-based models to the significance of transparency in understanding your planner's payment structure, they will equip you with the knowledge you need to hire the right advisor. Access the full show notes at Mason & Associates, LLC

Did you know that the Tax Cuts and Jobs Act of 2017 has far-reaching implications up until 2025—with impending changes set to unfold in 2026? Today Michael, John, and Ben discuss the complexities of this legislation, from the sudden shifts in withholdings to the surprising revelations during tax season in April 2019. They also explain how seemingly minor adjustments can lead to significant financial outcomes. Listen in to hear about the current tax landscape, as well as its impact on individuals and businesses alike.  Access the full show notes at Mason & Associates, LLC

Are you taking advantage of all that is available to you as a federal employee? In this episode, Michael, Tommy, Ben, and John discuss the "Rich Men North of Richmond" parody of federal employees, dissecting its jokes. From the unique benefits like inflation-adjusted pensions and cost of living adjustments (COLA), they cover what sets federal employees apart.  Access the full show notes at Mason & Associates, LLC

How do baseball and financial planning intersect? In this episode, Michael, Tommy, John and Ben break down the game of financial planning. From end-of-year tax strategies to building your financial 'team,' they explain what can help you win big. Access the full show notes at Mason & Associates, LLC

What exactly does a Roth account allow you to do? John, Michael, Tommy, and Ben dive into the intricacies of Roth accounts in this episode and discuss everything from Roth TSPs and conversions to the nuanced distinctions between Roth and traditional IRAs.  Access the full show notes at Mason & Associates, LLC

In this year-end reflection, Michael, Tommy, Ben, and John dissect the financial landscape of 2023, sharing the surprises and lessons learned along the way. They explain the critical importance of discerning financial information sources, urging listeners to rely on professional advice over sensationalized media information.  Access the full show notes at Mason & Associates, LLC

Small steps, big leaps. In this episode, Michael, John and Ben explain the power of initiating modest changes in your financial plan, drawing parallels to the similarly slow approach required in physical fitness. Tune in to discover why waiting for the future to pursue your dreams can be a costly delay. Access the full show notes at Mason & Associates, LLC

Unlock the doors to unique planning opportunities for dual federal employees as Michael, John, Tommy, and Ben delve into pre- and post-retirement strategies in this episode. They explain the untapped potential for fun and financial prosperity when dual federal employees understand the lucrative nature of their benefits and work with a financial planner who specializes in their unique situation. Access the full show notes at Mason & Associates, LLC

You just got a call from the doctor—and it wasn’t the news you were hoping for. You’re scared, but you’re determined to beat this sickness. Although it is important to keep a positive mindset and fight your way back to health, it is also essential to have a plan in place in the unfortunate event that you aren’t able to overcome it. So what do you do next? In this episode, Michael, John, Tommy, and Ben will be discussing what you need to have in place to ensure your family is taken care of if you pass away. Access the full show notes at Mason & Associates, LLC

In the world of financial planning, the worst time to seek a financial planner is after the death of a spouse. So, in this episode, Michael, John, and Tommy share the importance of having a thoughtful plan in place before the loss occurs. They'll break down why it's crucial to work with planners well-versed in your specific situation, how to secure digital assets, and more. Access the full show notes at Mason & Associates, LLC

Going beyond the dollars and cents, retirement is a lifestyle shift, and it is essential to plan for it as such. In this episode, you'll discover the practicalities of planning for retirement as Michael, Tommy, and John discuss sick and annual leave, the value of proactive planning over reactive approaches, and how strategically using leave can impact not just your retirement, but also your current life.  Access the full show notes at Mason & Associates, LLC

Getting through a divorce is challenging, but it becomes even more complex when federal or military benefits are involved. In this episode, join Tommy, Mike, Ben, and John as they delve into the crucial topic of divorce and its implications for federal employees. Discover the significance of due diligence when seeking counsel, negotiation tips for a fair outcome, and more. Access the full show notes at Mason & Associates, LLC

Have you ever wondered about the fiduciary responsibility in financial planning, especially as a federal employee seeking financial guidance? Join Tommy, Mike, Ben, and John in this episode as they delve into the essential concepts of fiduciary service and what it takes to find the perfect financial planner for your unique situation. They'll discuss the significance of expecting, demanding, and requiring fiduciary service and guide you through what it means to be a fiduciary (the answer may surprise you!). Access the full show notes at Mason & Associates, LLC

In the financial planning world, the practice of reviewing documents is often overlooked, leaving clients' financial futures hanging in the balance. Join John, Michael, Tommy, and Ben today as they discuss why document reviews are key, as well as why they meticulously examine tax statements, Social Security statements, insurance statements, and estate documents—unlike some who merely request these papers for show.  Access the full show notes at Mason & Associates, LLC

Today Mike and John are once again joined by Bryan Gay, Owner of Boomer Insurance, to explore the intricacies of TRICARE For Life Medicare Advantage. For many retirees, especially those with a military background, navigating the complexities of Medicare options can be daunting. Bryan sheds light on the two primary choices available to those with TRICARE for Life, and breaks down what to know about each. In this eye-opening episode, we dive deep into the ever-evolving landscape of healthcare options, with a particular focus on TRICARE for Life (TFL) and the intriguing possibilities presented by Medicare Advantage. Access the full show notes at Mason & Associates, LLC

Today John and Tommy are joined by Bryan Gay, Owner of Boomer Insurance, to delve into Medicare, specifically focusing on FEHB, Medicare Part D, Advantage Plans, and forthcoming 2024 changes. They'll help uncover the mysteries surrounding Part D for non-federal individuals and offer insights into the challenges they face, as well as what to anticipate in the upcoming year.  Access the full show notes at Mason & Associates, LLC

Today John, Ben, and special guest Bryan Gay from Boomer Insurance discuss Medicare and Medicare Advantage, shedding light on a topic often overshadowed by federal employee health benefits. They start by breaking down Medicare, comparing it to just another insurance company, and exploring the distinctions between Medicare Part A and Part B. You'll gain valuable insights into the affordability and comprehensive coverage provided by Medicare, as well as discover the out-of-pocket limits associated with this healthcare option. Access the full show notes at Mason & Associates, LLC

Much like keeping track of a game's score on a scoreboard, it is essential to know the score of your financial plan. Understanding this score is paramount in your financial planning journey, as it can mean the difference between running toward your goals or making costly errors. In this episode, John, Mike, Ben, and Tommy will emphasize the importance of understanding the score of your financial plan so you can plan effectively, efficiently, and accurately for your retirement. Access the full show notes at Mason & Associates, LLC

Are you thinking about retiring early? Join Tommy, John, Mike, and Ben in this episode as they explore the world of early retirement planning. They define early retirement in different sectors, spotlighting health insurance, taxes, and time management as key concerns. Beyond finances, they emphasize the need to discover a passion or something that will fill your time up when you retire so that you can continue feeling fulfilled. Access the full show notes at Mason & Associates, LLC