Radio Shows

Money Managemnet Radio Show 4-24-12—Larry interviews Dave Isaacs, CPA—Intro Show and Why this Show is so Important
5-22-12– Larry interviews Jude Tarris and attorney Troy McNemar—How Caregiving and Legal Matters are Intertwined
6-26-12– Larry interviews Lucille Zimmerman—Using a Single Provider to Coordinate All Caregiving Matters
7-24-12– Larry interviews Elaine Poker-Yount and Laura Berger—Care Options for Alzheimer’s and Other Serious Conditions
8-28-12–Larry interviews Dr. Sharon Lentz and Rilus Dana—A Psychologist and Estate Attorney Discuss how Planning and Good Mental Health Go Hand-in-Hand
9-25-12– Larry interviews Trish Hansen—How to Navigate the Mortuary and Final Arrangements Maze
10-23-12– Larry interviews—Himself!! Together with Dave Isaacs, CPA—Investment and Taxes Understood
11-27-12– Larry interviews—Blaise Byrne—The Provisions of the new Affordable Care Act and What to Do Now
1-22-13– Larry interviews attorney Keith Lymon—Simple Estate Planning is Easy and Critical
2-26-13– Larry interviews author Gerry Niskern—A Life of Family Treasures
3-26-13—Larry interviews Aliesha Keller—Why Insuring Property Properly is Essential

A Financial Survival War… and the true believer

Word JumbleAs a financial advisor, I am asked daily “where’s the best place to put my money these days?” Emotionally, most of us would prefer a straight-forward, easy answer, while deep down, we know no one has yet cornered the market on certainty about the future. Intellectually, we know that few things done correctly are ever easy. Easy answer’s to improving our financial lives can lead us down one of the more dangerous financial paths,…and that is, becoming a “true believer.” Allow me to explain. Ask any two Harvard Economists our “what to do with the money” question, and you will probably get two very professional, reasonable and detailed answers that are completely opposite of one another. So, if these two financial wizards can’t agree, how can you as a decision maker, know what to do? Maybe you’ll side with one or the other of the experts and, voila, you may have just become a true believer…LOOK OUT! The very nature of the financial world is change. Change is unsettling and presents opportunity for some and disaster for others. Look at the energy industry, the rise and fall and then rise of stock prices. Real estate, a darling one year, a demon the next. As the price of gold has risen and then plunged and risen again over the years, we saw many a gold true believer moved from smugness to fallen soldier. Remember the multi-billionaire Hunt brothers of Texas, who became true believers in silver and mortgaged their futures on it, only to see their empire crumble? The point is, we must plan for change, reversals, cycles and ups and downs in our financial survival plans. So, can you believe in anything at all? Yes, you can! First, you must truly believe that no one…no one at all, has a crystal ball! What is the view through the windshield, not the rear view mirror. A financial advisor’s role is designed to help you reduce uncertainty (not eliminate it) and manage risks. Be realistic in what you expect. The answers to where you should put your money begin with you: your age, income, tax status, financial goals, available assets and their present mix, your risk tolerance, time frame, whether or not you have dependents, your investment experience, etc. That’s financial planning which is decidedly NOT simply a legal alternative to Las Vegas! Select an advisor who displays an intense interest in YOU first and no the “deal of the day.” The next step is to truly believe that “nothing is sacred” in investments. You must select or have selected for you a very high quality, well-diversified and professionally managed array of investment assets, even if your dollar investment may be small. Sometimes a good investment is one that is out-of-favor or is “contrarian” in the nature so you might expect a competent advisor may show you, if appropriate, something you are unfamiliar with and perhaps don’t even like because “it’s down!” Investments, by the way, are the only things we hate to buy when they are “on sale.” We like to buy high, enjoying the false sense of validation of the investment’s :goodness” since others have bid it up high while we disregard its intrinsic price to value relationship. Be sure your investments are being monitored. By the way, not all investments are up or down at the same time nor should they be. By having your eggs in many baskets, you should most always have one that contains appreciation. Be sure your professional advisors such as your accountant, attorney, etc. are willing to work with your financial advisor to coordinate your planning. And I say again…Do not perceive investments and investing as a legal alternative to Las Vegas. Such an approach should only be taken with “play money” whose loss would be inconsequential. Investing is not speculating. A legitimate business takes time and expertise to mature. Quality investments, that are generally held for the long term, will reward you handsomely, and in this I encourage you to become a true believer. In summarizing, financial survival is a dynamic process usually developed together with a financial professional. Things will change and so will the components of your financial plan. Remember, true believers in the financial planning process have been successful and will continue to be successful. Inflexible true believers in any one investment may have their day in the sun but at sunset, these folks will have not much more than memories of the good ole days.  

Larry Moskat, CFP® is the Managing Member of Retirement Income and Inheritance Advisors, LLC located in North Scottsdale, Arizona. As a former practitioner in Clinical Psychology, his firm delivers objective, compassionate and experienced financial counseling to people in crisis by way of retirement, loss of loved ones, caregiving, financial settlements and unexpected job loss. You may visit the website at or call their office at 480.556.7033. RII Advisors is a Registered Investment Advisor.

How do you financially weather a personal crisis?

Desert Island IMAGINE yourself on a deserted island. Alone…Afraid. How to get out…to survive; it dominates your thoughts!  Your only hope might be an airplane sitting on an old, abandoned airstrip, which is filled with fuel and seems to be fully operational. One problem exists, however. You are not a pilot! So you have the machinery to accomplish your objectives, but you lack the training, experience and temperament required to fly the airplane out. So what are your choices?
  1. You can pull out the flight manuals and spend your days studying how to fly the thing.
  2. You can resign yourself to your marooned status and convert the plane into a nice condo.
  3. Or you can get on the radio and CALL FOR HELP!
Like the marooned island dweller, a major life change such as a death, a financial settlement, retirement, an unexpected job loss, becoming a caregiver or receiving an inheritance, can leave you feeling financially marooned, alone and justifiably nervous. Here you are with assets (or expenses) you weren’t prepared for, an insurance company or properly settlement or maybe your life’s nest egg, but just like the marooned island dweller who had the airplane, you are too distracted, untrained and numbed by the maze of financial and legal matters that seem to descend on you all at once. You face the same choices as our desert island castaway:
  1. Do it yourself.
  2. Give up.
  3. Call for Help!
Everyone needs time to adjust to major changes so that emotional distortion and financial judgment can stabilize. Yet this confusing, vulnerable time is exactly when financial events demand attention. So maybe…get on the “Radio” and Call for Help! We’re on the other end of that radio call…and happy to help! If it were all just about the money, managing our finances would be much easier. But it’s not. Humans have different types of emotional relationships between money and themselves.  An advisor needs to understand what you are going though and help you sort out the emotional part from the money part. My work has taught me that good working relationships are always mutual, respectful, aligned and satisfying. And that listening wins out over talking. My graduate education in clinical psychology helps me to listen with my ears and with my heart. And while the investment advice on the internet, from TV celebrity ‘advisors,’ and well-intentioned friends, neighbors, or relatives may seem convenient and even logical, it is non-professional and their situations and experiences are probably very different from yours. So move slowly! My advice for you is this; if you feel marooned, nervous and inexperienced, maybe the best way to move ahead is to…get on the radio and call for help. Help can be found at: