Mentioned on the show:

August 25th 2025 Segment:

Summary
The segment features Joseph Lazwell, CEO of Way Financial, who discusses retirement not as a final finish line, but as a transition into a new phase of life, often involving part-time or flexible work. Lazwell suggests that “65 is the new 50,” and people choose phased retirement to stay active, engaged, and keep their skills sharp, or to contribute to a cause. The biggest financial benefit of working part-time is that it helps offset expenses—especially those related to a healthy, active lifestyle—and reduces the need to pull money from retirement savings early, giving investments more time to grow. Additionally, working part-time can provide structure and purpose, contributing significantly to mental and emotional well-being, and may even offer access to employer benefits like health insurance if the individual is below age 65.

Lazwell cautions that there are financial risks that must be considered. If an individual is collecting Social Security prior to full retirement age, the government enforces a wage income limitation (a little over $22,000). Earning a dollar above this amount results in a penalty or withholding of 50 cents on every dollar earned above that figure, although the money is returned once full retirement age is reached. Extra income, even after full retirement age, can create more taxes on Social Security and increase Medicare insurance premiums, a consideration known as Irma. To decide if easing into retirement is appropriate, individuals must look at the big picture, running the numbers on how working part-time will affect their Social Security, taxes, and lifestyle goals. Way Financial helps model these scenarios to ensure clients make a confident decision.

Video Chapters

• 0:00 – 0:17: Introduction: Retirement as a Transition
• 0:17 – 0:25: Welcoming Joseph Lazwell, CEO of Way Financial
• 0:25 – 0:57: Why More People are Working Part-Time
• 0:57 – 1:25: Financial Benefits of Working Part-Time
• 1:25 – 2:07: Risks: Social Security Limitations and Penalties
• 2:07 – 2:34: Risks: Increased Taxes and Medicare Premiums (Irma)
• 2:34 – 3:21: Lifestyle Factors and Deciding if Phased Retirement is Right
• 3:21 – 3:42: Real-Life Examples and Call to Action

August 11th 2025 Segment:

Summary
The segment features Joseph Lazwell, CEO of Way Financial, discussing how families can manage back-to-school finances, noting that these costs can “sneak up faster than a pop quiz”. The fall season brings one of the biggest shopping seasons of the year, making it easy to overspend. Lazwell confirms that inflation is affecting everything, including back-to-school prices. It is anticipated that the average family will spend about $890 per student on supplies, clothing, and electronics, according to the National Retail Federation. For college students, this figure is assumed to rise to around $1,300 per student.

To help families stay on budget, Lazwell offers five smart money tips: 1) Give yourself time to spread costs out and look for sales. 2) Make a list and stick to it to prevent impulse buys. 3) Create a budget for each child and use this as an opportunity to discuss financial responsibility. 4) Check your inventory for usable items from last year, such as half-used pens or last year’s calculator or laptop. 5) Buy in bulk if you have multiple children. Lazwell emphasizes that college is “a whole ‘nother ball game,” involving costly items like dorm supplies and expensive technology. He encourages parents to use this time to teach college-bound kids about budgeting, managing credit cards, and avoiding student debt pitfalls. Way Financial assists families in creating smart spending strategies to avoid these expenses ending up on credit cards, which can create a “bigger headwind towards your long-term financial planning goals” like retirement. Viewers can visit wavefinanicial.com/abc10 to reach out for a consultation.

Video Chapters

• 0:00 – 0:21: Introduction: Back-to-School Costs Sneak Up
• 0:21 – 0:38: Why Fall is Important Financially
• 0:38 – 1:19: Inflation and Spending
• 1:19 – 1:49: Smart Money Tip 1: Give Yourself Time
• 1:49 – 2:38: Tips 2, 3, and 4: List, Budget, and Inventory
• 2:38 – 2:56: Smart Money Tip 5: Buy in Bulk
• 2:56 – 3:28: College Finances and Financial Education
• 3:28 – 3:45: Call to Action and Long-Term Planning

July 28th 2025 Segment:

Summary
The video segment focuses on the critical importance of end-of-life planning, with Joseph Lazwell from Way Financial introducing a simple, free two-minute quiz designed to help individuals assess their preparedness. Lazwell emphasizes that estate planning is not exclusive to wealthy people, but is necessary for anyone seeking to make life easier on loved ones after they have passed. The central risk of not having a plan, such as a living trust or a will, is that the estate will likely go through probate, a process that can take months or even years, lead to unnecessary legal costs, and cause significant stress and division among surviving family members.

The free two-minute quiz helps users understand their readiness by asking important questions regarding updated beneficiaries, the location of essential documents, and whether both medical and financial power of attorney documents are in place. Upon completion, the user receives an “estate planning legacy readiness score” and a checklist to tackle next. Lazwell describes having a plan in place as one way to offer a “final I love you to your family,” providing emotional security during a difficult time. Viewers are encouraged to visit wavefinanicial.com/abc10 to take the simple quiz themselves or to take their parents through it, and then receive an option to meet with a licensed advisor.

Video Chapters

• 0:00 – 0:13: Introduction to End-of-Life Planning 
• 0:13 – 0:54: The Risks of Dying Without a Plan 
• 0:54 – 1:35: The Two-Minute Legacy Readiness Quiz 
• 1:35 – 2:20: Discussing the Plan: Bringing it Up to Loved Ones
• 2:20 – 3:00: A “Final I Love You”: The Emotional Value of Planning
• 3:00 – 3:30: Final Call to Action

July 14th 2025 Segment:

Summary
Taxes are a critical concern in retirement planning, as they do not cease when working stops; in fact, they may increase in some cases. Joseph Lazwell, CEO of Way Financial, joins the discussion to address why many retirees are blindsided by taxes, often being surprised they are still taxed on income from 401k accounts, IRAs, pensions, or parts of their Social Security. A primary challenge is that years of saving in tax-deferred accounts can push retirees into a surprising tax bracket, particularly once required minimum distributions (RMDs) kick in.

To combat this, Way Financial has developed a calculator that offers a clear, personalized view of an individual’s potential retirement tax bill. This tool turns “scary what-ifs” into actionable savings by modeling strategies like Roth conversions, income smoothing techniques, or charitable income planning. Lazwell notes that by implementing a diversified strategy and being proactive, the potential tax savings can be north of six figures over a 20 to 30 year retirement. He stresses that time is the investor’s “best commodity,” and early planning provides greater flexibility and options. For those beginning to save, a Roth IRA conversation is recommended almost every single time. Way Financial aims to provide a personalized approach, helping clients legally reduce their tax exposure so they can focus on more meaningful areas of life. Viewers are encouraged to visit wayfinanicial.com/abct10 to check out the calculator and schedule a complimentary tax strategy review meeting.

Video Chapters

• 0:00 – 0:30: Introduction: The Misunderstood Role of Taxes in Retirement
• 0:30 – 1:00: Why Retirees Get Blindsided by Taxes
• 1:00 – 1:35: Way Financial’s Tax Calculator and Savings Potential
• 1:35 – 2:05: Turning What-Ifs into Actionable Savings
• 2:05 – 2:45: The Importance of Early Planning and Prioritizing Savings
• 2:45 – 3:15: Why Choose Way Financial
• 3:15 – 3:45: Contact Information

June 23rd 2025 Segment:

Summary

At Way Financial, we understand that annuities can be one of the most confusing parts of retirement planning. In this segment from “Your California Life,” our CEO, Joseph Laswell, joins host Desiree to provide much-needed clarity on this topic.

Joseph breaks down the complexities, starting with a simple definition: an annuity is a financial contract with an insurance company. He explains the three primary types—fixed, indexed, and variable—and how each is designed to serve a different purpose within a retirement strategy.

The discussion also tackles two of the biggest myths surrounding annuities:

1. “Annuities trap your money.” Joseph addresses the concern about limited liquidity, explaining that while it’s a factor, it’s often a trade-off for valuable benefits like guaranteed lifetime income.
2. “All annuities have high fees.” He clarifies that this is a misconception, noting that many modern annuities have no annual fees at all.
   Ultimately, Joseph emphasizes that an annuity isn’t an entire investment plan, but rather a powerful tool that can be used to accomplish specific goals. We believe in creating personalized strategies, and this segment helps you understand if an annuity might be the right tool for you.

Video Chapters

• 0:00 – 0:17: Introduction: The Misunderstood Role of Annuities
• 0:17 – 0:25: Welcoming Joseph Laswell, CEO of Way Financial
• 0:25 – 0:57: What is an Annuity? A Simple Explanation
• 0:57 – 1:25: Are All Annuities the Same?
• 1:25 – 2:07: Myth #1: Will an Annuity Trap Your Money?
• 2:07 – 2:34: Myth #2: Do All Annuities Have High Fees?
• 2:34 – 3:21: Deciding if an Annuity is Right for You
• 3:21 – 3:42: Contact Information for Way Financial

May 12th 2025 Segment:

Summary
We were pleased to have our CEO and Investment Advisor, Joseph Laswell, return to “Your California Life” to discuss a critical topic for many of our clients and community members: planning for rising costs in retirement.

With the cost of living on the rise, particularly here in Northern California, many retirees are feeling a financial squeeze. In his conversation with host Desiree, Joseph identified the two biggest financial challenges retirees face today: inflation and taxes.

He explained why it’s crucial to be proactive and build a plan that accounts for these increasing costs. Key strategies discussed include:

• Diversifying Your Portfolio: Looking beyond traditional stocks and bonds to include assets that can serve as a hedge against inflation, such as real estate and gold.
• Strategic Tax Planning: Utilizing tax diversification with a mix of tax-deferred, taxable, and tax-exempt accounts to manage your tax burden effectively.
• A Flexible Withdrawal Strategy: Joseph detailed our firm’s “three-bucket” approach to withdrawals, a method designed to protect your portfolio by providing flexibility and helping you avoid selling assets during market downturns.

Our mission at Way Financial is to help you thrive in retirement, not just survive. If you’re nearing or already in retirement and want to ensure your financial plan can withstand these pressures, we invite you to have a conversation with one of our advisors.

Video Chapters

• 0:00 – 0:22: Introduction: The Challenge of Rising Costs for Retirees
• 0:22 – 0:35: Welcoming Joseph Laswell of Way Financial
• 0:35 – 1:00: Discussing the Financial Squeeze in Sacramento
• 1:00 – 1:46: Main Financial Challenges: Inflation and Taxes
• 1:46 – 2:25: How Retirees Can Stay Ahead of Inflation
• 2:25 – 3:32: The Importance of a Flexible Withdrawal Strategy
• 3:32 – 4:33: Final Advice and How to Contact Way Financial

March 31st 2025 Segment:

Overview

Market Volatility Overview: Current stock market characterized as unpredictable; driven by political events and uncertainty. Emphasis on having an investment strategy despite fluctuations to navigate volatility.

Causes of Market Unpredictability: Political decisions, government budgets, and Federal Reserve policy significantly affect market trends. Headline news influences short-term shifts; strong fundamentals are crucial for long-term returns.

Common Investor Mistakes: Key errors include panic selling during downturns, chasing headlines, and attempting to time the market, which often results in missed recoveries.

Recommended Investment Strategies: Advise diversification across asset classes (stocks, bonds, real estate). Focus on quality, consumer-driven companies. Maintain cash flexibility; consider liquid money market accounts (>4% interest) instead of purely earning interest. Stick to a long-term investment plan despite short-term volatility.

Way Financial Services Offered: Personalized investment planning highlighted; Joseph Laswell (CEO) available for consultations. Contact via old-way-financial.local or call 209-542-4929 for assistance.

Notes

📈 Market Volatility Overview (00:00 – 00:38)

Current stock market described as unpredictable and volatile like a ‘roller coaster’.

Political events and uncertainty identified as key drivers of current market volatility.

Importance of having an investment plan/strategy emphasized despite market fluctuations.

🔍 Causes of Market Unpredictability (01:21 – 01:45)

Political decisions affect markets, especially around government spending, budgets, interest rates.

Federal Reserve policy, global trade tariffs, and investor sentiment contribute to volatility.

Headline news drives short-term market trends, while quality investment fundamentals drive long-term returns.

⚠️ Common Investor Mistakes to Avoid (01:53 – 02:10)

Panic selling during market downturns.

Chasing headlines and overreacting to short-term market swings.

Attempting to time the market, which often causes investors to miss key market recoveries.

💡 Recommended Investment Strategies (02:45 – 03:40)

Diversification across different asset classes: stocks, bonds, real estate, alternatives.

Focus on quality investments with consumer-driven, fundamentally strong, profitable companies.

Consider cash positions or debt reduction – ‘not paying interest can be just as good as earning interest’.

Take advantage of liquid money market accounts paying over 4% interest without market risk.

Maintain cash flexibility to capitalize on discounted investment opportunities.

Adhere to a long-term investment plan, recognizing short-term volatility as temporary.

🤝 Way Financial Services Offered (04:16 – 04:55)

Personalized investment planning services highlighted.

Joseph Laswell (CEO) offered consultation for investors uncertain about handling current market conditions.

March 3rd 2025 Segment:

Overview

During the Financial Advisory presentation meeting held by Way Financial, CEO Joseph Laswell outlined critical financial strategies for high net worth individuals, emphasizing the unique challenges they face in wealth management. Key topics included the importance of proactive tax planning to navigate the complexities of the IRS tax code and the benefits of tax-efficient investment strategies, such as donor-advised funds for charitable giving. The discussion further highlighted techniques for ensuring wealth longevity, like strategic withdrawal planning and investing in inflation-protected assets. Participants were encouraged to diversify their investments across real estate, private equity, and alternative asset classes, while focusing on stress-free wealth management solutions, including establishing a financial dashboard for easier access to vital information. For further guidance, attendees were provided with contact information and resources available through Way Financial.

Notes

💰 Financial Challenges for High Net Worth Individuals (00:00 – 00:21)

High earners face unique financial challenges

Importance of growing, protecting, and maximizing money

Introduction of Joseph Laswell, CEO of Way Financial

🏦 Tax Minimization Strategies (00:29 – 01:40)

IRS tax code: over 80,000 pages, many on legal tax reduction

Proactive tax planning crucial for wealth preservation

Tax-efficient or tax-exempt investment strategies

Charitable giving through donor-advised funds or family foundations

Redirecting IRS dollars to important causes

🔐 Wealth Longevity (01:41 – 02:44)

Strategic withdrawal planning and advanced tax planning

Inflation-protected assets: real estate, commodities

Family governance: preparing heirs for wealth management

Risks of giving large sums to unprepared individuals

📊 Investment Diversification (02:48 – 04:14)

Real estate: passive income, bank leveraging, tax advantages

Private equity and direct business ownership

Alternative asset classes: hedge funds, structured notes

Unique investments: fine art, vintage cars

🧘 Stress-Free Wealth Management (04:17 – 04:53)

Building a team for organization and simplification

Dashboard for quick access to financial information

Informed decision-making on proactive measures and giving back

📞 Contact Information (04:55 – 05:13)

Phone: 209-542-4929

February 17th 2025 Segment:

Overview

In this episode Joseph Laswell, CEO of Way Financial, provides insights into effective money management and the comprehensive services offered by his firm. Joseph discussed his background in the financial sector and emphasized the importance of trust in client-advisor relationships. He highlighted Way Financial’s independent approach, which allows for a broader range of investment options and a range of services, including wealth management, tax planning, insurance, and estate planning. The discussion underscored that all individuals, regardless of their wealth, can benefit from financial advice aimed at protecting and growing assets. Joseph encouraged attendees to choose an advisor who resonates with their values and to seek second opinions when necessary, concluding with a reminder of the significance of thorough financial planning and how to contact Way Financial for further assistance.

Notes

Introduction to Way Financial (00:00 – 00:18)

1. Money management can be complex
2. Way Financial aims to help navigate financial futures
3. Joseph Laswell, CEO of Way Financial, introduced

‍ Joseph Laswell’s Background (00:24 – 01:27)

1. Licensed at age 20
2. Worked for father’s company for 4 years
3. Started own life insurance agency
4. Specialized in advanced planning and large life insurance cases
5. Expanded into securities and financial planning
6. Emphasizes trust and passion for the work

Independent Advisor Approach (01:27 – 02:29)

1. Not limited to proprietary products like big firms
2. Access to a wide range of investment options
3. Team approach for best-in-class solutions
4. Comprehensive services: wealth management, taxes, insurance, estate planning
5. Unique in offering multiple services under one roof

Choosing a Financial Advisor (02:29 – 03:33)

1. Look for someone you connect with personally
2. Advisor should understand your core values and life stage
3. Importance of feeling listened to and having your best interests served
4. Don’t hesitate to get a second opinion if unsatisfied

Who Benefits from Financial Advisors (03:33 – 04:21)

1. Everyone can benefit, regardless of wealth level
2. Principles of wealth management apply to all amounts
3. Importance of protecting and growing existing assets

Comprehensive Wealth Management (04:21 – 05:11)

1. Four quadrants: Investment management, Taxation, Insurance, Estate planning
2. Systematic approach to addressing all areas over time
3. Goal is to build confidence in financial matters

Closing Remarks (05:11 – 05:31)

1. Importance of comprehensive financial planning
2. Contact information for Way Financial provided

February 3rd 2025 Segment:

Welcome to “Understanding Your Retirement Milestones”

Planning for retirement involves understanding key age milestones that can significantly impact your financial future. Below, we’ve outlined the crucial birthday checkpoints we discussed in today’s show, helping you navigate when and how to access your retirement benefits most effectively.

• Age 59½: A pivotal milestone that allows penalty-free withdrawals from your IRA or old 401(k)s, giving you more control over your retirement funds. Some employer plans may even offer in-service distributions while you’re still working.
• Age 62: Marks your first eligibility for Social Security benefits, though starting this early can reduce your benefits by up to 30%. This decision should carefully consider factors like health, financial needs, and spousal benefits.

Take Control of Your Retirement Timeline

Ready to create a personalized plan that maximizes these retirement milestones? Schedule your complimentary consultation today, and let’s build a comprehensive strategy that aligns with your retirement goals. Click here to secure your appointment.

January 27th 2025 Segment:

Thank you for joining us on your retirement planning journey. After watching our segment on the three critical financial moves for your 50s, you’re taking an important step toward securing your financial future. Below, you’ll find a detailed breakdown of the key strategies we discussed to help you maximize your retirement savings, optimize your investments, and prepare for future healthcare costs. Let’s make your path to retirement clear and confident.

Planning Your Retirement in Your 50s

For those in their 50s, preparing for retirement requires focusing on three essential financial strategies that can significantly impact your future financial security. These key moves help maximize your savings potential while protecting your accumulated wealth and preparing for future healthcare needs.

• Maximize Retirement Savings: Take advantage of catch-up contributions in your 401(k)s and IRAs to boost your retirement savings through compound interest
• Balance Your Investment Strategy: Shift toward a mix of growth and stability through dividend-paying stocks and bonds to protect your wealth while maintaining growth
• Prepare for Healthcare Costs: Start planning for medical expenses through Health Savings Accounts (HSAs) and explore long-term care insurance options to cover future healthcare needs

Take the Next Step Toward a Secure Retirement

Ready to put these strategies into action? Schedule your complimentary retirement strategy session where we’ll help create a personalized plan tailored to your goals and timeline. Click here to secure your consultation today.

January 6th 2025 Segment:

Overview

In this weeks discussion key topics centered around enhancing financial health and mindfulness. Participants discussed the importance of viewing financial fitness similarly to physical fitness and highlighted that a readiness to improve finances often stems from a catalyzing event. Essential steps for gaining financial control were outlined, including creating a cash flow statement and tracking income, expenses, and net worth. The meeting also emphasized the significance of understanding retirement contributions’ tax implications and suggested hiring a trusted investment advisor for personalized guidance. Additionally, the conversation touched on the principles of financial contentment, advocating for mindful spending over income levels, and underscored the necessity of preparing for unforeseen opportunities through emergency accounts and liquidity management. Action items included creating personal financial statements, calculating tax rates, considering professional advice, and establishing emergency funds.

Notes

 Financial Fitness and Mindset (00:00 – 01:05)

• Money and wealth-building don’t have to be intimidating
• Financial fitness is similar to physical fitness
• People need to be ready to take finances seriously
• A catalyst often triggers the desire to improve financial health

 Key Steps for Financial Control (01:06 – 02:00)

• Take an assessment of financial health
• Create a cash flow statement and personal financial statement
• Track income, expenses, and lifestyle costs
• Know your net worth by tracking assets and liabilities

 Retirement Contributions and Tax Considerations (02:01 – 02:37)

• Understand the difference between pre-tax and post-tax retirement contributions
• Find your effective tax rate on your tax return
• Use the effective tax rate to determine whether to do pre-tax or post-tax investing

 Seeking Professional Help (02:38 – 03:13)

• Consider hiring an investment advisor
• Choose someone you like and trust to serve your best interests
• Pay a reasonable fee for financial organization
• Spending money on financial advice is an investment

 Financial Contentment and Principles (03:14 – 03:54)

• Joseph is writing a book on experiencing financial contentment
• Focus on what you do with your money, not how much you make
• Principles of wealth accumulation are the same regardless of income
• Key principle: Make more than you spend

Preparing for the Unpredictable (03:55 – 04:45)

• Be prepared for unexpected opportunities
• Maintain an emergency account
• Understand your liquidity and quick access to money
• Being prepared allows you to take advantage of investment opportunities

Action items

• Create a cash flow statement and personal financial statement (01:23)
• Calculate your effective tax rate from your tax return (02:13)
• Consider hiring an investment advisor (02:57)
• Establish an emergency account (04:17)