2014 Financial Empowerment Podcasts

Financial Empowerment is a service of CalCPA Institute. Our podcasts help consumers make sense of today’s complex financial issues. Most podcasts are under 15 minutes in length.

E-mail your questions to FinancialEmpowerment@calcpa.org.

December 2014 

Don't Fall Victim to Financial Elder Abuse

With the boomer generation increasingly filling the ranks of senior citizens, more instances of financial elder abuse are occurring. The National Adult Protective Services Association reports that “one in twenty older adults” has experienced “some form of perceived financial mistreatment occurring in the recent past.” Mitch Freedman, a CPA and personal financial specialist, is an expert on the subject and explains what seniors can do to prevent themselves from becoming victims of scams.

Audio Podcast (Mp3, 2MB)

Video Version

Link discussed in this podcast: 

National Adult Protective Services Association


November 2014

Tips to Reduce Gift-Giving Stress

The holidays are upon us and people are rushing to stores and online sites to buy gifts for loved ones. It may be the most wonderful time of the year, but it also may be the most stressful—especially if your bank account doesn’t have enough funds to cover your purchases. Gina Chironis, an Irvine, California, CPA/PFS, has some ideas on how to minimize your expenses and still have enjoyable holidays. Many of her suggestions are applicable for other gift-giving occasions, such as birthdays and anniversaries.

Audio Podcast (Mp3, 2MB)

Video Version

Link discussed in this podcast:

Draw Names

October 2014 

How a CPA/PFS Can Help You Make Better Financial Choices

In addition to the certified public accountant designation, some CPAs also have the letters PFS following their names. PFS stands for personal financial specialist. Those CPAs with that designation combine tax expertise with additional background in investments, insurance, charitable giving and other aspects of financial planning. They also must pass a rigorous exam to acquire the PFS credential. Gina Chironis, an Irvine, California, CPA/PFS, explains how consumers can benefit by consulting a CPA/PFS before making important financial decisions.

Audio Podcast (Mp3, 3MB)

Video Version

Link discussed in this podcast:

Find a CPA/PFS 


September 2014

Reasons to Return to Work After Retiring

Having a comfortable retirement with little or no monetary worries is the dream of many Americans. Unfortunately many retirees find that their savings, pensions and social security may not adequately support them through their retirement years. So they may have to go back to work to get a few extra dollars. Monica Rebella, a Tustin, California, CPA, discusses various reasons for retirees to return to the workforce.

Audio Podcast (Mp3, 3.25MB)

Links discussed in this podcast:

Career Curve

People per Hour

USA Jobs  


August 2014 

Secrets for Accumulating Wealth

Probably most of us wouldn’t complain if we were filthy rich. But realistically most of us will never be billionaires or even have several million in our bank accounts. Still it is possible to be wealthy if we understand that wealth has a lot to do with how we responsibly use the money and assets we accumulate over time. CPA Rob Seltzer, who also is a personal financial specialist, explains how even the average person can become wealthy.

Audio Podcast (Mp3, 3.4MB)

Video Version


July 2014 

The Lowdown on 1031 Exchanges

A 1031 exchange, also known as a like-kind exchange, involves the transfer of business or investment property for similar property. By doing a like-kind exchange, a taxpayer is able to postpone paying capital gains tax. CalCPA member Harlan Levinson, a Los Angeles CPA, explains the rules for 1031 exchanges. He discusses what kinds of property are eligible for such exchanges, tax implications, delayed exchanges, how many exchanges are possible each year, and how doing an exchange that involves a relative might complicate things.

Audio Podcast (Mp3, 4.49MB)

Video Version 

Link discussed in this podcast.

IRC Code Section 1031


February 2014

When to Charge Sales Tax

CalCPA's Ask a CPA page receives numerous questions from California small businesses and entrepreneurs regarding if they should charge sales tax for the services they provide. Generally, the answer is no, but not always, especially if a tangible product is involved. California's sales tax rules can be difficult to understand, so it is usually best to consult with a Certified Public Accountant regarding this issue. We spoke with Dan Morris, CPA, about sales tax and how businesses can determine if and when to charge it.

Download the Podcast (Mp3, 6.5Mb)  

Link discussed in this podcast.

California Board of Equalization