In our last episode, we covered qualified vs non qualified money.  Today, we take that a step further and look at Individual Retirement Accounts, or IRA's.

Frank Tehel explains a bit about the history of IRAs, how they took different forms, and the myriad of different accounts available today.

October Effect Website: https://www.financialplanning-vab.com/

October Effect Phone Number: 757-390-3339

Frank Tehel's email: frank.tehel@oet.email

As we enter 2021 and begin to look at our 2020 taxes, Frank Tehel explains the difference between qualified and non qualified money, and how they can have a large impact on what you owe to Uncle Sam.

October Effect Website: https://www.financialplanning-vab.com/

October Effect Phone Number: 757-390-3339

Frank Tehel's email: frank.tehel@oet.email

Are you ready for the next Bear Market? They happen, and they have happened 32 times in the last 113 years.

Today, Frank Tehel breaks down the differences between adjustment, corrections, and bear markets.  We also cover the "color" of your money and assets.  What constitutes red, yellow, and green money?

October Effect Website: https://www.financialplanning-vab.com/

October Effect Phone Number: 757-390-3339

Frank Tehel's email: frank.tehel@oet.email

Today, Frank Tehel and Jon Gay discuss market volatility, the definition of it, and why the "Rule of 100" no longer applies in today's economy.

Each individual and family has their own needs and priorities, and that's why you need the help of a Certified Financial Planner.

Resources:

The Black Swan, Second Edition, by Nassim Nicholas Taleb:

https://www.amazon.com/Black-Swan-Improbable-Robustness-Fragility/dp/081297381X

October Effect Website: https://www.financialplanning-vab.com/

October Effect Phone Number: 757-390-3339

Frank Tehel's email: frank.tehel@oet.email

Today, Patty Ramsey rejoins Frank Tehel and Jon Gay to continue their conversation about Medicare, Health Insurance, and the Open Enrollment period.  Today's discussion also includes a look at how changes to Obamacare will be affected for 2021 and beyond.

Resources:

Patty Ramsey's Email: Patty.Ramsey@cox.net

Patty Ramsey's Cell Phone: 757-287-4638

October Effect Limited Website: https://www.financialplanning-vab.com/

October Effect Phone Number: 757-390-3341

Today, Frank Tehel is joined by Patty Ramsey to discuss all things Health Insurance, especially the complex world of Medicare Plans as we enter this year's Open Enrollment period.

Resources:

Patty Ramsey's Email: Patty.Ramsey@cox.net

Patty Ramsey's Cell Phone: 757-287-4638

October Effect Limited Website: https://www.financialplanning-vab.com/

October Effect Phone Number: 757-390-3339

Today, Frank Tehel and Jon Gay break down the four main types of investments, including:

• Cash
• Fixed Income
• Stock
• Real Assets

Frank also explains derivatives, what they are, and how they relate to the above categories.

Resources:

October Effect Limited Website: https://www.financialplanning-vab.com/

October Effect Phone Number: 757-390-3341

Retirement is something best planned for early.  Today, Frank Tehel and Jon Gay break down seven different types of retirement vehicles, including:

• Defined Benefit Plans
• Defined Contribution Plans
• Savings Plans
• Annuity Plans
• Life Insurance Plans
• "The Tin Can In The Backyard"
• Social Security

Resources:

October Effect Limited Website: https://www.financialplanning-vab.com/

October Effect Phone Number: 757-390-3341