Épisodes

  • AI, Markets, and the Future of Productivity with Oliver Scott and Julian Scott (Ep. 40)
    Nov 18 2025
    Market valuations are reaching levels not seen since the dot-com bubble, raising questions about whether AI justifies these heights or if we're heading for another crash. Are we witnessing a genuine transformation or falling for hype? Can AI really deliver the productivity gains everyone is betting on? In this episode, Adam Scott, CFP®, brings on his sons, Oliver Scott, a software engineer working on AI at Compass, and Julian Scott, formerly a consultant at McKinsey & Company, currently Chief of Staff at Generate Capital, to explore AI's real impact on business and the economy. They break down what AI actually is, from machine learning to large language models, and discuss how it's reshaping consulting, software engineering, and countless other industries. They also discuss the limitations of current AI technology and whether artificial general intelligence is feasible. Key topics covered: The difference between machine learning and generative AI How AI is transforming consulting work by replacing junior-level tasks and enabling senior consultants to produce more with fewer people The architectural limitations of current AI systems, including hallucinations, and the challenge of depleting available training data The circular investment concerns in the AI industry and whether current valuations reflect real value or unsustainable hype Real-world applications of AI that demonstrate both its impressive capabilities and its current limitations And more! Connect with Adam Scott, CFP®: LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946 Connect with Oliver Scott: LinkedIn: Oliver Scott Compass Connect with Julian Scott: LinkedIn: Julian Scott Generate About our Guests: Oliver Scott is a software engineer at Compass. With hands-on experience developing AI systems, he has a front-row view of how machine learning and large language models are evolving and shaping the future of technology. In this episode, he breaks down the fundamentals of AI, explains the architectural limitations and challenges (including hallucinations and data constraints), and shares how AI is changing the day-to-day work of engineers. Oliver also discusses the industry-wide race toward artificial general intelligence and the massive investments driving it. Julian Scott, formerly a consultant at McKinsey & Company, currently Chief of Staff at Generate Capital. His work centers on research synthesis, strategic insights, expert interviews, and helping senior leaders make informed decisions. Julian offers a real-world look at how AI is transforming consulting by speeding up research, replacing junior-level analytical tasks, and reshaping firm structures. He also shares perspectives on productivity gains, industry disruption, and the broader economic implications of AI adoption.
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    35 min
  • Leaving Uncle Sam: The Real Cost of Expatriating (Ep. 39)
    Oct 21 2025
    Many Americans dream of retiring abroad, but few realize the tax implications involved. In this episode, Adam Scott, CFP®, explains what it really means to expatriate, the financial consequences of renouncing U.S. citizenship, and how couples can strategically plan to reduce taxes. He also discusses potential pitfalls, from exit taxes to inheritance issues, and offers advice on when living abroad makes both financial and emotional sense. Adam also examines the process and costs of expatriation, strategies to stay below U.S. tax limits, and highlights where moving abroad can actually benefit retirees and entrepreneurs. Key Takeaways: The only way to completely eliminate U.S. taxes is by giving up citizenship or a green card Expatriating triggers an “exit tax” if your net worth exceeds $2 million per person or $200,000 in annual tax liability Couples can plan strategically by transferring assets to stay below the taxable threshold Moving to Puerto Rico can significantly reduce federal taxes for those still earning income Expatriation decisions should be driven by lifestyle, not just tax savings, and require professional cross-border tax guidance And more! Connect with Adam Scott, CFP®: LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946
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    26 min
  • Moving Abroad for Taxes and Lifestyle (Ep. 38)
    Sep 16 2025
    Can living abroad really lower your tax bill, or is it more about lifestyle? In this episode, Adam Scott, CFP®, explores the allure of relocating to places like Portugal, Italy, Greece, and even Puerto Rico. He explains ways to reduce your taxes by moving abroad, but that for some gaining residency and improving lifestyle often outweighs tax savings. Adam shares insights, examples, and strategies to consider before packing your bags. Key points covered: How U.S. taxation on worldwide income makes reducing taxes abroad more complicated Why tax treaties and foreign tax credits prevent most cases of double taxation Lifestyle and residency factors that often drive the decision more than tax savings Details on the foreign earned income exclusion and where it applies A preview of next episode topics: Puerto Rico, the exit tax, and moving between U.S. states And more! Connect with Adam Scott, CFP®: LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946
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    21 min
  • The Big Beautiful Bill and Your Social Security Future (Ep. 37)
    Aug 19 2025
    Social Security decisions have always been a balancing act, but a new piece of legislation, the “Big Beautiful Bill,” is adding fresh twists. This week, Adam Scott examines how recent changes impact when and how to claim Social Security, challenging viral “claim early” advice and breaking down the bill’s pros and cons. Adam unpacks myths, math errors, and what the future may really hold for your benefits. He also delivers a sobering warning: plan for a 20% cut in benefits after 2032, and don’t count on Congress to save the day. Adam discusses: How the Big Beautiful Bill’s tax changes may mean tax-free Social Security, but only until 2028 Why influencer advice to claim early at 62 often ignores flawed assumptions and survivorship benefits The real impact of the Social Security Trust Fund running out, and why it’s not a total disappearance of benefits The connection between life expectancy, claiming age, and long-term payout strategies Political and fiscal challenges make a full Congressional “rescue” of Social Security unlikely And more! Resources: Should You Claim Social Security Early or Wait? (Ep. 27) Connect with Adam Scott, CFP®: LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946
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    34 min
  • Turning 65: The Vital Action Steps (Ep. 36)
    Jul 17 2025
    Turning 65 is more than a milestone. It's a financial and healthcare turning point that demands action. In this episode, Adam Scott, CFP®, shares the essential decisions you must make around Medicare as you turn 65, from enrollment timelines to cost-saving strategies. With personal anecdotes and professional insights, Adam demystifies Parts A, B, C, and D, discusses common missteps, and explains how Medicare ties into employer and retiree health plans. Whether you're still working, semi-retired, or fully retired, this episode breaks down what really matters at 65. Adam discusses: Medicare enrollment timelines, how to apply, and why timing is critical to avoid penalties The differences between Medicare Parts A, B, C (Advantage), D (prescription), and Medigap How existing retiree or employer health plans interact with Medicare Mistakes to avoid, like enrolling in the wrong plan, or skipping enrollment when required The cost implications of Medicare based on income and the potential loss of HSA eligibility Resources: Social Security Administration website (Medicare enrollment) Connect with Adam Scott, CFP®: LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946
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    43 min
  • 7 Real Career Pivots for Midlife Reinvention with Liz Mohler, M.S., PCC – Part 2 (Ep. 35)
    Jun 17 2025
    When the credits roll on your first career, what’s next? For midlife professionals—especially those in entertainment, reinvention is not just possible, it’s essential. In this episode, Adam Scott, CFP®, continues his conversation with Liz Mohler to explore career pivot options for midlife professionals. They unpack how changing industries can be rewarding, and they break down the practical steps to start over, while honoring your experience and passions. Liz and Adam discuss: The value of corporate video production as an accessible path for creatives looking to leverage visual storytelling skills in a business setting How coaching and education offer viable ways to share experience, especially for those with niche knowledge or leadership skills The expanding elder care field is a rewarding option for those with strong people and organizational skills The opportunities in tech-adjacent roles like UX writing, project management, and tech sales, where communication and adaptability are prized The mindset shift from job-seeking to value-sharing, and how thinking in terms of “who can I help” opens unexpected career doors And more! Additional Learning Resources: Reinventing Careers with Liz Mohler, M.S., PCC – Part 1 (Ep. 34) Corporate Video Production: Create promotional, instructional, or branded content for businesses, nonprofits, or institutions. This role is ideal for former film editors, cinematographers, or producers who want to apply their storytelling and technical skills to commercial environments. Projects include marketing campaigns, onboarding videos, product demos, and internal messaging. Vimeo Video School LinkedIn Learning - Corporate Video Production Courses How to Start a Video Production Business (Shopify Guide) Coaching & Education: Support individuals or groups by teaching, mentoring, or coaching in a specific area of expertise. This could include academic subjects, career development, life coaching, or leadership training. Great for those who enjoy helping others grow and who have strong communication and listening skills. Many former executives or creatives pivot to this role to “give back” and find purpose. CoGenerate (formerly Encore.org) ICF Certification (International Coach Federation) For teaching: search your local Department of Education or Transition to Teach Elder Care Industry: Work directly with seniors as a caregiver or support them indirectly through management and coordination roles in home care agencies or retirement communities. Positions range from home companions and caregivers to administrators, operations managers, or even elder care franchise owners. There’s strong and growing demand in this sector due to the aging population. CareAcademy (Caregiver Training) Senior Living Management Certificate – ALFA HCAOA (Home Care Assoc. of America) Tech-Adjacent Careers (No Coding Required): Tech Sales: Sell software and tech solutions to businesses. This includes identifying client needs, running product demos, negotiating deals, and maintaining relationships. High-paying and fast-paced, tech sales values strong communication, persistence, and business acumen—perfect for career changers with people skills and a drive to learn. CourseCareers Tech Sales Bootcamp Prehired (Sales Certification) Hireforce Tech Sales Jobs UX Writing: Craft the language used in apps, websites, and digital tools to guide users through experiences. It’s a fusion of writing and product design, where you simplify tasks and support users through microcopy (e.g., button text, error messages, confirmations). Great for writers, editors, or marketers who enjoy clarity and precision. UX Writers Collective Daily UX Writing Challenges Google UX Design Certificate Project Management: Lead cross-functional teams to plan, execute, and complete projects on time and on budget.
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    44 min
  • Reinventing Careers with Liz Mohler, M.S., PCC – Part 1 (Ep. 34)
    May 20 2025
    Life has a way of pushing us toward reinvention, but how do we embrace change and make it work for us? How can we turn uncertainty into opportunity and transition into a career that reflects our passions and values? In this episode, Adam Scott, CFP®, talks with career coach Liz Mohler, M.S., PCC, about the challenges and rewards of career reinvention. They share personal stories, strategies for overcoming self-doubt, and the power of recognizing your transferable skills to make meaningful professional shifts. Discussion Points: The importance of aligning career choices with personal values and life priorities How storytelling and transferable skills play a role in career transitions Practical strategies for overcoming self-doubt and embracing career change The power of networking and seeking mentorship for guidance and opportunities Actionable steps for exploring new professional paths through research and curiosity And more! Connect with Adam Scott, CFP®: LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com 310-220-4946 Connect with Liz Mohler: LinkedIn: Liz Mohler Website: Liz Mohler About Our Guest: Liz Mohler is a well-regarded Executive, Career, and Life Coach with a strong background in academia and a deep commitment to empowering her clients. For over 20 years, she has passionately devoted her coaching practice to guiding clients toward personal and professional growth. Her professional experience, both domestic and international, has enriched her perspective and equipped her with expertise in various coaching capacities, including career management, leadership development coaching, team building, and transition coaching across a spectrum of industries. Currently, Liz serves as an Executive Coach, Speaker, and CORE Guide Facilitator for CHIEF, an exclusive network where she provides support and guidance to women in senior leadership roles across diverse industries. She also works as a consultant for Praditus and Felix Global, providing leadership assessments and outplacement consulting. She is a frequent guest speaker at conferences, on podcasts, at retreats, and at universities. Liz’s journey began in Madison, Wisconsin, where she supported herself through college and graduate school by working in residence halls at universities, psychiatric hospitals, alcohol/drug rehab centers, and the Department of Rehabilitation. She later moved to California, launching her private coaching practice while holding pivotal consulting roles at Right Associates and JVS So Cal, coaching executives in entertainment, aerospace, law, medicine, banking, family business, and sales.
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    35 min
  • Part 2: Are you ready for a 30% Market Decline? (Pay Attention to Valuations, Not Headlines) (Ep. 33)
    Apr 15 2025
    In a climate where volatility is the price of admission to long-term wealth, are you truly prepared—not just emotionally, but structurally—for a significant market downturn? This week on Red Carpet Retirement, Adam Scott, CFP®, takes us deeper into the mindset and math that drives resilient investment strategies. Building on the theme of being ready for a potential 30% (or even 50%) drawdown, Adam goes beyond emotional readiness and unpacks one of the most misunderstood tools in modern investing: valuation metrics. 🔍 Spoiler alert: If your portfolio doesn’t factor in CAPE ratios, you may be flying blind. 🎧 Adam dives into: ✅ The mental prep investors need when headlines start screaming and prices start falling ✅ Why the CAPE ratio (Cyclically Adjusted P/E) isn’t just academic—it’s your market compass ✅ How historically high P/E ratios should inform—not terrify—your allocation decisions ✅ Building a portfolio that doesn’t just grow—but endures storms and thrives after ✅ Asset classes that offer better value right now, including overlooked international and bond opportunities Resources: Are You Ready for a 30% US Stock Market Decline? (Ep. 32) Connect with Adam Scott, CFP®: LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946
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    28 min