Episodes
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Welcome to the 9Innings Podcast where we Educate, Empower and Engage.
ON THIS WEEKS PODCAST: In this episode of the 9Innings Podcast we explore the "alphabet soup" of financial industry designations: CFP, CPA, and CFA. Kevin explains that CFPs are the gold standard in financial planning, emphasizing their fiduciary duty to act in clients' best interests. CPAs are highlighted for their expertise in tax preparation and financial reporting, with an additional credential for financial planning. CFAs are recognized for their investment analysis mastery, requiring extensive study and experience. Understanding these designations helps consumers make informed decisions about their financial advisors.
Overview of Financial Designations (00:01:02)
CFP: The Gold Standard (00:03:42)
Role of CFP Professionals (00:05:05)
Importance of CFP Credentials (00:06:00)
CPA: Certified Public Accountant (00:07:00)
CPAs and Financial Planning (00:08:34)
CFA: Chartered Financial Analyst (00:09:58)
Understanding Industry Designations (00:12:48)
Conclusion: Choosing the Right Professional (00:14:06)
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In this podcast episode, Kevin Thompson, founder and CEO of 9i Capital Group, discusses three significant proposals impacting government employees. He explains the potential elimination of the FERS pension supplement, which could financially strain early retirees. Kevin also addresses the proposed shift from a high-3 to a high-5 pension calculation, potentially reducing pension benefits and complicating financial planning. Lastly, he explores the reinstatement of Schedule F, which could reclassify certain federal employees as at-will, removing civil service protections and increasing job insecurity. Kevin emphasizes the importance of staying informed and engaged with these critical issues.
Overview of Proposals (00:01:06) Discussion of three main proposals affecting government employees: FERS pension supplement, pension calculation changes, and Schedule F.
Elimination of the FERS Pension Supplement (00:02:29) Kevin explains the potential impact of eliminating the pension supplement for new retirees under 62.
Impact of Changing from High-3 to High-5 (00:05:21) Details on how changing the pension calculation from the highest three to five years will affect benefits.
Reinstatement of Schedule F (00:12:19) Discussion on the implications of reclassifying federal employees to at-will status and loss of job protections.
Conclusion and Support for Government Employees (00:16:41) Kevin emphasizes the importance of government employees and expresses support against the proposed changes.
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Missing episodes?
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In this episode of the "9 Innings Podcast," host Kevin Thompson, founder and CEO of 9i Capital Group, and guest Andy Panko from Tenon Financial discuss the impact of market volatility on the promotion of Indexed Universal Life (IUL) insurance products. Kevin emphasizes the importance of financial education and empowerment, while Andy critiques the aggressive sales tactics used by some IUL promoters, particularly those from multi-level marketing backgrounds. They highlight the misconceptions surrounding IULs and stress the need for consumers to be well-informed and cautious when evaluating financial products.
Promoting IUL Products (00:02:09)
Critique of Salesperson Expertise (00:05:13)
Multi-Level Marketing Dynamics (00:07:59)
Training and Recruitment Issues (00:09:05)
Critique of 401(k) Comparisons (00:13:41)
Personal Experiences with IUL Advocates (00:17:17)
Market Volatility and Financial Products (00:21:08)
Permanent Life Insurance Considerations (00:25:37)
Industry Incentives and Ethics (00:30:00)
Term vs. Permanent Insurance (00:34:17)
Closing Remarks and Takeaways (00:35:40)
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In this episode of the 9innings Podcast, Kevin Thompson delves into the topic of "above the line deductions" to help listeners lower their adjusted gross income (AGI). Using relatable analogies like baseball, Kevin breaks down complex tax concepts into understandable and actionable steps. He covers common deductions such as educator expenses, retirement contributions, student loan interest, and Health Savings Account (HSA) contributions. Kevin also highlights additional deductions for self-employed individuals.
Throughout the episode, he emphasizes the importance of understanding these deductions to maximize tax savings and keep more money in one's pocket.
Understanding Above the Line Deductions (00:01:05)
Importance of Adjusted Gross Income (00:02:30)
Common Above the Line Deductions (00:03:43)
Health Savings Account Contributions (00:06:17)
Self-Employment Tax Deductions (00:07:31)
Unique Deductions and Wild Cards (00:08:58)
Action Steps for Tax Savings (00:10:14)
Conclusion and Wrap Up (00:11:17)
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In this episode of the 9innings Podcast, hosted by Kevin Thompson, the discussion focuses on pressing economic issues with guest Andrea Kennedy from Wiser Wealth. Key topics include significant market declines, the end of economic cycles, and their relationship to inflation and monetary policy. The conversation delves into the inflationary impact of tariffs, the implications of proposed tax cuts, and the urgency of reshoring manufacturing. Andrea shares insights on strategic investment shifts towards commodities and the global trade dynamics concerning the U.S. dollar. The episode underscores the need for clarity in policy-making to foster investor confidence and economic stability.
End of Economic Cycle (00:02:39)
Reshoring and Economic Policy (00:06:44)
Investor Sentiment and Market Reaction (00:10:12)
Legislative Rumors and Tax Implications (00:14:09)
Housing Market Dynamics (00:18:15)
Impact of Tariffs on Agriculture (00:20:12)
Dollarization and Global Trade (00:25:52)
Historical Context of Economic Policies (00:29:38)
Investor Advice (00:33:15)
Closing Remarks (00:34:10)
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In this podcast episode, We converse with Catherine Tindall, a CPA and partner at Dominion Enterprise Services, about the critical importance of proactive tax planning. They discuss common mistakes business owners make during tax season, such as waiting until the last minute and not engaging in ongoing tax planning. Catherine highlights audit triggers and the significance of profit management. They also explore how financial advisors can build better relationships with CPAs to enhance client outcomes. The episode aims to educate and empower listeners to optimize their tax strategies effectively.
Common Tax Mistakes (00:02:11) .
Profit Management Discussion (00:05:32) .
Audit Triggers for Business Owners (00:08:11)
Challenges in Tax Filing (00:10:08)
Understanding Tax Professionals (00:12:48)
Avoiding Overly Complex Interactions (00:16:40)
Practical Strategy for Client Situations (00:16:54)
Biggest Tax Pet Peeve (00:18:26)
Client Expectations from Tax Professionals (00:21:35)
Conclusion and Final Thoughts (00:22:50)
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Welcome to the 9Innings Podcast where we Educate, Empower and Engage.
ON THIS WEEKS PODCAST: In this episode of the 9innings Podcast, Kevin Thompson, founder of 9i Capital Group, and Joy Slabaugh MTax, MA, LACMH CFP®, explore the emotional and psychological dimensions of financial decision-making. Kevin shares a personal story about a client’s emotional distress due to financial losses, emphasizing the importance of understanding clients' emotional experiences with money. Joy discusses her focus on the behavioral aspects of finance, highlighting how attitudes and beliefs about money impact happiness and financial decisions. The episode underscores the need for financial advisors to engage deeply with clients to foster better financial well-being.
Joy's Background and Focus (00:03:34)
Consumerism and Society (00:06:40)
Client Case Study (00:08:29)
Shifts in Client Behavior (00:11:12)
Psychological Manipulation in Marketing (00:12:35)
Approaching Financial Conversations (00:14:42)
Emotional Responses in Decision-Making (00:16:28)
Advisors' Growth Cycle (00:18:09)
Importance of Emotional Relationships (00:22:02)
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In this episode of the 9Innings Podcast, I, Kevin Thompson, founder and CEO of 9i Capital Group, explore the possibility of balancing the U.S. federal budget. I break down the national deficit, government spending, and tax revenue, proposing potential solutions like budget cuts and tax reforms. I use hypothetical scenarios, including significant spending cuts and implementing tariffs, to illustrate paths to a balanced budget. I emphasize the complexities of economics versus simple math, highlighting the potential impacts on the economy. The episode aims to educate and engage listeners on this critical financial issue, encouraging informed discussions about the nation's fiscal future.
Creative Budget Cuts Scenario (00:02:05)
Tax Cuts and Revenue Impact (00:03:19)
Tariffs and Revenue Generation (00:04:27)
Final Revenue Calculations (00:05:45)
Elon’s Budget Cuts Revisited (00:07:07)
Economic Growth Considerations (00:10:21)
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In this episode of the 9innings Podcast, The Cost of Tax Cuts - Who Really Pays the Bill?", host Kevin Thompson, critically analyzes three bipartisan tax proposals: no tax on tips for service workers, no federal tax on the first $150,000 of income, and eliminating social security taxation. Kevin argues that while these proposals may seem beneficial, they could lead to negative outcomes such as increased deficits and reduced employer incentives to raise wages. He emphasizes the importance of understanding the long-term consequences and who ultimately bears the cost of these tax cuts.
No Tax on Tips (00:02:06)
No Federal Tax on First $150,000 of Income (00:04:40)
Eliminating Social Security Tax (00:08:04)
Conclusion and Final Thoughts (00:10:18)
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Website: http://www.9icapitalgroup.com
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Welcome to the 9Innings Podcast where we Educate, Empower and Engage.
ON THIS WEEKS PODCAST: In this podcast episode, Kevin Thompson and Ryan Hughes of Bull Oak Investments, discuss the financial advisory industry's challenges, particularly for smaller Registered Investment Advisors (RIAs). They explore the difficulties in talent acquisition due to industry consolidation and financial constraints. The conversation also highlights the rise of unqualified individuals claiming to be financial experts, stressing the need for stronger enforcement and consumer education.
Additionally, they touch on current market conditions, inflation, and economic policies, emphasizing the importance of building strong relationships and maintaining integrity within the industry. The episode provides valuable insights into the complex financial landscape.
Challenges of Talent Acquisition (00:01:42)
Hiring Experiences and Lessons (00:04:00)
Social Media and Misleading Financial Claims (00:06:36)
Need for Stronger Enforcement (00:09:36)
Proposed Solutions for Identifying Experts (00:12:13)
Contrarian Views on Inflation (00:15:15)
Pandemic's Impact on Inflation (00:18:32)
Investor Sentiment and Market Trends (00:20:49)
American Innovation vs. European Pessimism (00:22:58)
Closing Thoughts on American Values (00:24:06)
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In the "Special Needs Planning: 18 and Beyond" episode of the 9innings Podcast, we delve into the challenges parents and guardians face as their special needs children transition into adulthood. Key topics include the legal shifts at age 18, such as guardianship and power of attorney, financial planning through special needs trusts and ABLE accounts, and the transition from school to adulthood with options like vocational training. I also highlight the emotional adjustments required for fostering independence and building a support system. This episode is a comprehensive guide for navigating this critical life stage.
Understanding the Legal Shift (00:01:11)
Financial and Future Planning (00:06:37)
Transitioning from School to Adulthood (00:09:16)
Emotional and Practical Adjustments (00:10:45)
Closing Thoughts (00:13:13)
NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page
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In this episode of the 9inningsPodcast, Kevin and Dr. John T. Harvey, an economics professor at TCU, discuss inflation, Modern Monetary Theory (MMT), and fiscal policy. Dr. Harvey explains the complexities of inflation, emphasizing its multifaceted nature and the significant impact of housing costs on the Consumer Price Index (CPI). The conversation covers the limitations of traditional monetary policy, the role of government in job creation, and the need for policies that address the root causes of inflation. Dr. Harvey advocates for a nuanced understanding of inflation and proactive public sector job initiatives to ensure economic stability and social welfare.
Understanding Inflation Complexity (00:02:52)
CPI Components and Their Impact (00:06:23)
Raising Interest Rates as a Solution (00:09:12)
CPI Calculation Methods (00:12:51)
Labor Shortages and Price Increases (00:14:47)
Inflation and Job Creation (00:18:10)
Public vs. Private Sector Roles (00:21:27)
Competing with the Private Sector (00:25:05)
Universal Employment Strategy (00:26:35)
Historical Context of Inflation (00:29:07)
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In this episode of the 9innings Podcast, we speak with Meredith McGraw, author of "Trump in Exile." Meredith, a political reporter who transitioned from Politico to the Wall Street Journal, shares her experiences covering Donald Trump during and after his presidency. The discussion explores Trump's post-presidency political maneuvers, the loyalty dynamics within the Republican Party, and ongoing debates about election integrity, providing a nuanced look at contemporary American politics through Meredith's insights and research.
Trump's Low Point (00:03:45)
Reinvigoration in Palm Beach (00:06:27)
Loyalty in Politics (00:08:16)
Trump's Political Strategy (00:10:01) .
Consequences of Crossing Trump (00:13:44)
Election Interference Discussion (00:15:24)
Trump's Belief in Election Fraud (00:18:43)
Effectiveness of Trump's Approach (00:21:03)
Populism and Trump's Strategy (00:24:00)
Meredith's Future Endeavors (00:28:22) .
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In this episode of the9innings podcast, Kevin Thompson analyzes the House Republican budget bill and its financial impacts on consumers. He discusses significant cuts to agriculture, infrastructure, and mandatory spending, including Social Security and Medicare. Kevin warns of potential increases in food prices, borrowing costs, and transportation expenses. He advises listeners to budget for higher costs, lock in fixed loan rates, and plan for retirement. The episode aims to educate and empower listeners to navigate the financial changes brought by the budget bill.
Impact of Agriculture Budget Cuts (00:00:59)
Debt Limit Increase Explained (00:04:15)
Infrastructure and Transportation Cuts (00:05:30)
Energy Policy Changes (00:07:46)
Mandatory Spending Cuts and Social Security (00:08:59)
Final Thoughts and Recommendations (00:12:13)
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Corrections: Editing by http://SwoleNerdProductions.com
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Welcome to the 9Innings Podcast where we Educate, Empower and Engage.
In this episode of the "9innings Podcast," host Kevin Thompson, converses with Chuck Failla CFP®, founder of Sovereign Financial Group and host of the GoRIA Podcast. They delve into the fiduciary standard in the financial advisory industry, addressing the challenges posed by "planners in name only" (PINOs) and the distinctions between broker-dealers and independent registered investment advisors (RIAs). The discussion highlights the importance of fiduciary responsibility, the value of RIAs, educating clients, and the need for title protection and simplification within the industry.
Debate on Fiduciary Standard (00:01:30)
Consumer Awareness in Financial Advice (00:05:28)
Discussion on Planners in Name Only (PINOs) (00:05:55)
Social Media and Financial Expertise (00:09:04)
Pushback from Broker Dealers (00:11:07)
Barriers to Independence (00:14:19)
Ownership of Book of Business (00:17:00)
Value of RIA vs. Broker-Dealer (00:20:16)
Liability and Consumer Awareness (00:23:10)
Future Initiatives for the Fiduciary Standard (00:24:26)
Concerns Over Designations (00:28:03)
Final Thoughts on Industry Standards (00:29:18)
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Website: http://www.9icapitalgroup.com
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Welcome to the 9Innings Podcast where we Educate, Empower and Engage.
ON THIS WEEKS PODCAST: Kevin discusses the challenges faced by government employees due to a recent executive order requiring them to return to in-office work or resign with an eight-month severance package. He explores the feelings of disrespect and uncertainty among employees, the financial implications of their decisions, and the importance of strategic planning. Kevin emphasizes understanding retirement options under FERS and CSRS and encourages seeking personalized financial guidance. The episode aims to educate and empower government employees during this challenging time.
Government Employees' Dilemma (00:01:11)
Executive Order Implications (00:02:45)
Understanding Your Options (00:04:08)
Financial Systems Explained (00:06:50)
Maximizing Retirement Benefits (00:09:06)
Call to Action for Financial Planning (00:11:40)
Conclusion and Reflection (00:12:57)
Website: http://www.9icapitalgroup.com
NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page
Follow Us: youtube: / @9icap
Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428
facebook: / mlb2cfp
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Book Meeting: https://outlook.office365.com/book/G12473568acb64f719ff3e79cfc9d55ed@NETORGFT11398641.onmicrosoft.com/
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In this podcast episode, Kevin Thompson critiques the concept of "infinite banking." He explains that while the idea of using cash value life insurance policies to become one's own banker sounds appealing, it is often misrepresented and complex. Kevin shares his personal experiences with permanent life insurance, highlighting high fees, minimal early cash value, and the risks of policy loans. He stresses the importance of working with knowledgeable fiduciaries and offers alternative wealth-building strategies like low-cost index funds and retirement accounts. Kevin aims to educate listeners on making informed financial decisions.
"Infinite banking my ass! There is nothing to bank on because there is very little cash to do much with early on."
What is Infinite Banking? (00:02:22)
Structural Issues of Infinite Banking (00:03:44)
The Reality of Cash Value (00:06:16)
Long-Term Commitment (00:07:20)
Interest on Loans (00:08:52)
Complexity of Policy Management (00:09:59)
High Attrition Rate Among Advisors (00:11:19)
Alternatives to Infinite Banking (00:12:43)
Importance of Fiduciaries (00:15:09)
Closing Thoughts on Infinite Banking (00:18:07)
NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page
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Website: http://www.9icapitalgroup.com
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ON THIS WEEKS PODCAST: Kevin rings into the debate over a potential TikTok ban in the U.S. He discusses concerns about data privacy, national security, and the implications of TikTok's Chinese ownership. Kevin critiques the double standards in how tech companies are treated, suggesting the focus on TikTok may be more about geopolitics than child safety. He advocates for comprehensive regulations across all platforms and emphasizes the importance of digital literacy education for parents and children, rather than singling out TikTok for an outright ban.
Concerns Over Chinese Ownership (00:01:35)
Double Standards in Tech Regulation (00:03:01)
Manufacturing and Security Issues (00:04:18)
VR and Gaming Platforms (00:05:37)
Influence of Big Tech Lobbying (00:08:31)
Proposed Solutions to Data Privacy (00:09:55)
Closing Thoughts on Accountability (00:11:14)
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Corrections: Editing by http://SwoleNerdProductions.com
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In this podcast episode, Kevin engages with journalist and author David Enrich about his book on Deutsche Bank's tumultuous history. They discuss the bank's questionable practices, its relationships with high-profile clients like Donald Trump, and its role in financial crises. Enrich shares insights from his journalism career, highlighting Deutsche Bank's culture of greed and mismanagement.
The conversation explores broader themes of financial recklessness, the impact of corporate culture on ethics, and the consequences of risky lending practices. The episode underscores the need for accountability and reform in the banking sector to prevent future crises.
Tragic Events Leading to Insight (00:02:51)
Deutsche Bank's Historical Context (00:05:44)
Donald Trump's Relationship with Deutsche Bank (00:06:33)
Internal Conflicts at Deutsche Bank (00:08:21)
Trump's Use of Force Majeure (00:12:03)
Deutsche Bank's Responsibility in the Crisis (00:14:18)
Trump's Influence on Deutsche Bank (00:17:39)
Regulatory Changes Post-2008 (00:21:00)
Capitalism vs. Socialism (00:22:39)
Corporate Influence on Policy (00:23:28)
Understanding Financial Complexity (00:26:46)
Takeaways from the Book (00:28:07)
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Corrections: Editing by http://SwoleNerdProductions.com
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In this podcast episode, Kevin Thompson, founder and CEO of 9i Capital Group, hosts Steven S. Zeiger, an insurance industry expert. The episode, titled "Unmasking Permanent Life Insurance," discuss the complexities and potential pitfalls of permanent life insurance. Steven shares his journey of prioritizing client interests over company sales goals and underscores the necessity of independent research in evaluating life insurance policies. The discussion highlights the need for transparency, informed decision-making, and the role of advisors in presenting clear, data-driven policy comparisons.
Insurance Company Experience (00:04:13)
Ethics in Insurance Sales (00:06:19)
Understanding Life Insurance Policies (00:09:32)
Illustrating Cost Savings (00:12:47) Steven presents a case study showing significant savings through independent research on insurance costs.
Understanding Policy Costs (00:15:18) Steven discusses the cost differences between MetLife and New York Life insurance policies.
Misleading Illustrations (00:19:17) Steven explains how insurance illustrations can be misleading, affecting client understanding.
Case Study on Policy Failure (00:20:15) Steven shares a case where a life insurance policy failed 84% of the time.
Illustration Analysis (00:22:40) Steven walks through an illustration of a life insurance policy's potential outcomes.
Discussion on Policy Viability (00:26:27) They analyze the sustainability of a life insurance policy using Monte Carlo simulations.
Introduction and Importance of Research (00:30:06) Kevin discusses the misconceptions about life insurance and emphasizes the need for understanding the numbers.
Life Insurance Decisions (00:31:23) Kevin acknowledges Steven's expertise in guiding high net worth individuals in making informed life insurance choices.
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Corrections: Editing by http:/SwoleNerdProductions.com
Website: http://www.9icapitalgroup.com
Corrections: Editing by http://SwoleNerdProductions.com
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