Ric talks about how to really be prepared for a good retirement and gets down into the minute details on what part of your social security is taxable, also Michael Finke joins the show to talk about the state of retirement preparedness in the United States, and finally Ric breaks down what the value of a financial advisor. Later, parents are destroying their credit and retirement for their children's college education, lawsuits involving 401K's and their fees are popping up around the United States, Ric answers a question about changing an investment strategy due to possible legislation change, and how to afford helping your child get through medical school.