The 9Innings Podcast

Who really pays for your 2% cash back?

Every time you swipe your credit card, money changes hands long before your rewards hit your account. In this episode of Econ 101, Kevin Thompson breaks down where merchant fees go, how banks and payment processors make billions, and why your airline miles and cash back aren't actually free.

Topics covered:

How credit card transactions work

What interchange fees really are

Why merchants accept credit cards

Who ultimately pays for rewards

Why carrying a balance can erase any benefit...

Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: Trump Accounts have been pitched as a new way to help children build wealth, but what are they actually, and who benefits the most?

In this episode of Facts Over Feelings, Kevin Thompson breaks down what Trump Accounts are, what they aren't, and three major ways they differ from other IRAs. We discuss the $1,000 government contribution, taxes, investment restrictions, and why parents may want to compare these accounts to a 529 plan if education is the goal.

Are Trump...

In this episode, host Kevin interviews Dr. John T. Harvey, the "cowboy economist," about inflation and economic policy. Dr. Harvey distinguishes between demand-pull and cost-push inflation, criticizing the Federal Reserve's focus on core CPI while excluding food and energy prices. He challenges conventional thinking about government debt, supports paying living wages despite inflationary effects, and warns about America's short-term economic thinking compared to China's long-term planning. Dr. Harvey argues the Fed has limited ability to control inflation and that misallocation of resources, rather than debt itself, is America's primary economic concern.

(01:47) – Demand-Pull vs. Cost-Push Inflation: Un...

On This Week's Econ 101...

Data centers are becoming one of the fastest-growing industries in America, fueled by the rapid expansion of artificial intelligence, cloud computing, and our increasingly digital lives. Communities across the country are competing to attract these facilities with promises of economic growth, new investment, and job creation.

But are the benefits matching the promises?

In this episode, Kevin Thompson breaks down what data centers are, why they are being built at such an unprecedented pace, and how they impact the communities where they operate. From electricity demand and water consumption...

In this episode, we break down the realities of Social Security's financial future, separating fact from emotion. He clarifies that the Social Security trust fund and the overall system are not the same — even if the trust fund is depleted, benefits continue, though potentially reduced by 20-25%. We explore contributing pressures including aging demographics, declining birth rates, immigration shifts, and automation replacing payroll-tax-generating workers. We emphasize that benefit cuts would devastate millions of retirees who rely solely on Social Security, while also harming the broader economy through reduced consumer spending and tax revenues.

(00:00) – Social Security Isn't Going Brok...

In this episode of the 9innings Podcast, host Kevin Thompson — CEO of 9i Capital Group — breaks down the current IPO boom featuring companies like SpaceX, OpenAI, and Stripe. Kevin cautions retail investors against getting swept up in the hype, noting that IPOs primarily serve as exit opportunities for early investors and venture capitalists. He highlights concerning trends including shortened lockup periods and faster index inclusions, while reminding listeners that great companies don't always make great investments. His key takeaway: valuations and fundamentals matter, and the easy money has likely already been made.

(00:00) – The IPO Boom Is Bac...

Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: In this episode of Facts Over Feelings on the 9Innings Podcast, Kevin Thompson explores how inflation has fundamentally changed what it means to be a millionaire in America. Using historical inflation data, he breaks down why $1 million today doesn't carry the same buying power it did in 1980, 2000, or even just a few years ago.

Kevin introduces the concept of the "Middle-Class Millionaire," arguing that a net worth of $1-3 million is increasingly becoming the baseline for maintaining a middle-class lifestyle...

In this episode of Econ 101 on the 9 Innings Podcast, Kevin Thompson, founder and CEO of 9i Capital Group, explores how artificial intelligence, privatization, and cost containment are quietly reshaping Medicare. He discusses growing concerns around AI driven systems like the WiSer platform and how increased prior authorizations, delays, and denials could impact seniors seeking care.

Kevin also examines the broader shift toward profit driven healthcare models, declining physician participation due to reimbursement pressures, data privacy concerns, and the growing complexity of Medicare Advantage plans. He encourages retirees and caregivers to understand their rights, protect their personal medical...

In this episode of the 9innings Podcast: Econ 101, Kevin Thompson breaks down one of the biggest questions in today’s economy: Why are stock markets hitting all-time highs while consumers feel financially strained?

Kevin explains how markets measure earnings, cash flow, liquidity, and future expectations — not consumer emotion. He walks through how inflation can temporarily boost corporate profits, why higher prices can offset weaker consumption, and how components of GDP like AI investment, government spending, and energy exports continue supporting economic growth.

The episode also explores the growing disconnect between Wall Street and Main Street, the...

ON THIS WEEKS PODCAST: In this episode of Facts Over Feelings, Kevin Thompson of 9i Capital Group breaks down the growing scam epidemic targeting everyday Americans. From fake package delivery texts and fraudulent bank calls to romance scams and deceptive investment schemes, Kevin explains how scammers weaponize urgency, fear, and emotion to manipulate victims.

This episode is about more than money. It is about protecting your identity, your peace of mind, and your life savings.

Kevin also delivers an important reminder: intelligent people get scammed every single day. The key is slowing down, verifying everything...

In this episode of Facts Over Feelings on the 9Innings Podcast, the conversation reframes estate planning as preparation for life’s unexpected moments not just death.

The focus shifts to the documents that actually matter when things go wrong such as durable and medical power of attorney, highlighting that 60 to 70 percent of Americans still don’t have proper planning in place.

The episode also addresses the growing criticism from attorneys around the use of technology platforms, making it clear that these tools are not replacing legal professionals but expanding access for those who have been pric...

Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: In this episode of the 9innings Podcast, Kevin sits down with Lindsay Bell, founder of 248 Ventures, for a wide ranging conversation on markets and the economy.

Lindsay walks through her path from working alongside Jim Cramer to becoming a CNBC contributor and independent strategist.

They dig into the disconnect between physical oil and futures markets, the growing divide between AI driven growth and traditional industries, and the continued bifurcation in consumer spending. The conversation also touches on housing...

In this episode of Facts Over Feelings, Kevin Thompson, Enrolled Agent, breaks down the real differences between tax preparers—CPAs, Enrolled Agents, and PTIN holders—and why it matters who’s handling your return.

He draws a clear line between tax preparation and tax planning, calling out the risk of cheap services that offer no real strategy. Kevin shares what he’s seeing firsthand—basis errors, unsubstantiated credits, and poorly structured “businesses” that can trigger IRS issues.

The message is simple: ask better questions, understand who you’re working with, and make sure your preparer can stand with y...

In this episode of Facts Over Feelings, we break down the reality of 1099 income versus traditional W-2 employment.

From quarterly tax payments and self-employment tax to the loss of employer benefits, this isn’t just a change in how you get paid, it’s a shift into running a business. That requires structure, discipline, and a real understanding of cash flow and documentation.

The flexibility and income potential are there, but only if you are prepared. Success as a 1099 isn’t accidental. It comes from intentional planning and surrounding yourself with the right team.

In this Econ 101 session, Kevin Thompson, founder and CEO of 9i Capital Group, explains how rising oil prices act as a hidden tax on retirees. Oil impacts far more than gas prices. It flows through transportation, food, utilities, and everyday goods through a passthrough effect that raises the overall cost of living.

Retirees are especially vulnerable because their income is largely fixed. Social Security, pensions, and portfolio withdrawals do not adjust as quickly as rising expenses, creating a gap that erodes purchasing power over time.

Kevin also highlights common portfolio mistakes, including holding too much...

Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: In this episode, Kevin Thompson, founder and CEO of 9i Capital Group, breaks down the recent changes to Texas property tax laws, with a focus on the 2024 homestead exemption updates and what I call the “Texas Two Step.”

We walk through how stricter enforcement is impacting homeowners—especially those who have placed their homes into trusts—and I use my parents’ situation as a real-world example.

The key takeaway: you need to make sure your trust documents are structured...

In this episode of Facts Over Feelings, on the 9innings Podcast Channel, Kevin Thompson breaks down the chaos of tax season—what he calls “1099 Madness.”

He dives into how the Social Security Fairness Act is impacting retirees, and why many are facing unexpected tax bills due to unadjusted withholdings. He also clears up a major misconception around larger refunds, explaining that most are simply the result of over-withholding—not new tax breaks.

Lastly, Kevin highlights a time-sensitive opportunity to reclaim late filing penalties and interest from 2019–2024.

The message is simple: tax season isn’t just about...

In this episode of the 9innings Podcast, Kevin Thompson, founder and CEO of 9i Capital Group, breaksdown the recent “O3B” tax bill and what it actually means for taxpayers. He explains that much of the legislation simply extends provisions from the 2017 tax cuts, rather than creating entirely new ones, meaning most Americans shouldn’t expect dramatic changes to their tax bill.

Kevin also addresses the larger refunds some taxpayers are seeing, explaining that many of them are the result of over-withholding earlier in the year after the law was passed mid-2025, not necessarily new tax savings. The ep...

Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: In this episode of the "9innings Podcast" host Kevin Thompson welcomes Dr. John T. Harvey for an in-depth discussion on the U.S. national debt, inflation, and economic policy. They examine the implications of America’s $39 trillion debt, compare it to Japan’s situation, and discuss the roles of demographics, immigration, and government spending. The conversation explores the effectiveness of monetary policy, the importance of education and social safety nets, and the challenges of economic inequality, offering listeners a nuanced perspective on the...

Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS ECON 101: the host analyzes the U.S. housing affordability crisis, focusing on the government’s directive for Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities. The discussion explains why this move is unlikely to meaningfully lower mortgage rates or improve affordability, emphasizing that rates are driven by broader market forces. The episode also highlights the limited impact of compressing mortgage spreads, the offsetting effect of the Federal Reserve’s actions, and the need to address deeper issues like housing supply and...

In this podcast episode, Altruists' Jason Wenk discusses the launch and impact of Hazel, their AI-driven tax planning and wealth management software. The conversation explores Hazel’s development, strategic release timing, and advanced features—such as real-time data integration, automated tax analysis, and personalized financial planning. Hazel streamlines advisor workflows, reduces reliance on multiple tools, and democratizes sophisticated planning for clients. The episode also covers Hazel’s role in boosting firm efficiency and valuation, its transparent AI-driven recommendations, and the competitive edge Altruist offers over traditional custodians, highlighting Hazel’s transformative potential in the wealth management industry.

Alt...

On this episode of the 9Innings Podcast, Kevin Thompson sits down with Derrick Kinney — former financial advisor, successful practice owner, and now coach and speaker to entrepreneurs nationwide.

Derrick walks through his journey from grinding it out early in his career to building — and ultimately selling — a thriving advisory firm. He breaks down how authentic community engagement attracted million-dollar clients, why specialization beats commoditization, and how integrity builds long-term enterprise value.

The conversation also dives into the emotional side of selling a business, overcoming revenue plateaus, avoiding shiny object syndrome, and why comparison can quietly kill g...

Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: In this episode of the 9innings Podcast," host Kevin Thompson and guest Tyrone Ross Jr. analyze the recent turmoil in Bitcoin and the broader crypto market. They discuss causes of the downturn, institutional involvement, regulatory uncertainty, and the shift toward permissioned blockchains. Tyrone critiques the dilution of crypto’s original vision, warns of speculative risks, and calls for a market “washout” to eliminate weak projects. The conversation covers blockchain transparency, misconceptions about Bitcoin ownership, and the future of digital assets, emphasizing the need f...

Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: In this episode of 9innings Podcast, host Kevin Thompson, founder and CEO of 9i Capital Group, explores the rising costs of homeowner’s insurance, focusing on Texas but noting nationwide trends. He explains why premiums and deductibles—especially for wind and hail—are increasing, often based on inflated home replacement values. Kevin shares personal policy details, highlights the financial strain on homeowners, and discusses the lack of true competition in the insurance market. He urges listeners to shop around, be proactive, and unders...

Can you really use your 401(k) to buy a house — and would that actually make housing more affordable?

There’s growing discussion around a proposal tied to Donald Trump that would allow Americans to tap their 401(k) retirement savings for a home purchase, potentially without early withdrawal penalties. On the surface, it sounds helpful. But Econ 101 tells us the second-order effects matter.

In this show Kevin Thompson, CFP®, EA, RICP®, founder of 9i Capital Group explains how this would actually work from a tax perspective, how it compares to first-time homebuyer IRA rules, and why increa...

In this episode of the 9innings Podcast, Kevin Thompson, founder and CEO of 9i Capital Group, breaks down how to properly interview a financial advisor before entering a long-term relationship.

Kevin highlights the most common mistake he sees, clients not knowing what questions to ask, and walks through a practical framework covering tax advice, compensation, onboarding, specialties, and overall client fit.

The conversation focuses on transparency, alignment, and how to recognize red flags early, so investors can avoid costly mistakes and make confident, informed decisions.

The goal is simple: empower listeners to choose...

In this episode of "The 9innings Podcast," host Kevin Thompson and guest Sarah Grillo discuss the ongoing debate over fee structures in financial advising, focusing on flat fee versus assets under management (AUM) models. They explore the importance of transparency, fairness, and client communication, highlighting how different models impact advisor incentives and client relationships. Sarah shares insights from her Transparency Movement, while both agree that building trust and adapting to client needs are key. The episode emphasizes that multiple fee models can coexist, and success depends on clear communication, transparency, and a client-centered approach.

Fee Model Polarization...

In this episode of the 9Innings Podcast, Kevin Thompson, founder and CEO of 9i Capital Group, breaks down the most important financial planning considerations retirees need to understand heading into 2026. Kevin explains key tax changes, including the Enhanced Senior Deduction and the new above-the-line auto loan interest deduction, and outlines strategies for maximizing the standard deduction. He also discusses rising Medicare premiums, IRMAA exposure, and how to evaluate Medicare Advantage versus Original Medicare with Medigap. Throughout the episode, Kevin emphasizes proactive planning to manage taxes and healthcare costs, helping retirees make informed decisions and protect long-term retirement income.

In this episode of the 9innings Podcast, host Kevin Thompson sits down with Chelsea Ransom-Cooper — CFP Board member and wealth advisor — to discuss her path in the financial advisory world. Chelsea opens up about her partnership with Jason Ray, the challenges of launching her own firm, and the significance of representation and the CFP® designation. The two dive into the realities of entrepreneurship, client relationship building, and the changing landscape of financial planning — offering insight and inspiration for both aspiring and seasoned advisors.

Chelsea & Jason Ray: How They Met (00:01:51)

Building the Partnership & Early Career...

Welcome to FA Unfiltered, the show where we strip away the jargon, the sales scripts, and the corporate polish to reveal how financial advice really works.

In our debut episode, I sit down with Rick Luchini of Luchini Financial to pull back the curtain on the insurance industry — from the recruiting pitch to the incentives that drive sales and the challenges of putting clients first.

Whether you’re an investor trying to understand what motivates your advisor or a financial professional questioning the system, this conversation exposes how incentives shape behavior, trust, and transparency in our...

In this episode, we interview Paul Morrison, an IRMAA-certified planner from Lincoln, Nebraska. They discuss the impact of IRMAA (Income Related Monthly Adjustment Amount) on retirees’ Medicare premiums and Social Security benefits, highlighting how rising taxable income can trigger higher costs. Paul explains the complexities of IRMAA, the importance of proactive tax planning, and strategies like Roth conversions to minimize surcharges. The conversation also covers Medicare Advantage, the “widow’s penalty,” and the need for better financial education. The episode blends personal stories with practical advice for navigating retirement’s hidden tax challenges.

(03:25) – From College Athletes to Retirees

In this episode of the 9Innings Podcast, I break down the hidden tax traps inside your 401(k). Most people think pre-tax contributions are an automatic win—but the tax bill eventually comes due. We walk through how RMDs, rollover mistakes, and poor documentation can trigger unexpected taxes, higher Medicare premiums, and even push more of your Social Security into the taxable column.

I also share real-life examples of how a simple error—like a tax professional misreporting Form 8606 basis—can cost retirees thousands. This episode is all about avoiding land mines: understanding IRS rules, tracking your paperwork, and be...

In this episode, I sit down with Mark Hedderman of Hedderman Financial Solutions in Ireland. We talk about how we met at the Future Proof Festival and what stood out about the culture there—real collaboration, transparency, and advisors actually helping each other grow.

Mark shares the evolution of financial planning in Ireland and how the profession has shifted from product sales to real, client-centered advice. We discuss the importance of ongoing education, mentorship, and developing as both a professional and a person.

We also get into what it means to be an advisor today—show...

In this episode, host Kevin Thompson and Certified Financial Planner Practitioner Joy Slabaugh dive into a holistic approach to retirement planning—one that goes far beyond the numbers.

They explore the emotional, psychological, and social challenges many retirees face, including the loss of identity, isolation, and shifting purpose. Joy shares how nurturing relationships, staying engaged in the community, and creating purposeful routines can help individuals thrive in retirement.

Together, Kevin and Joy challenge the traditional definition of “retirement readiness,” reminding listeners that true fulfillment in retirement isn’t just about financial security—it’s about connection...

In this episode of "9innings Podcast," host Kevin Thompson, founder and CEO of 9i Capital Group, discusses the critical importance of emergency funds in today’s uncertain economy. He explains what an emergency fund is, why it matters, and recommends saving 9 to 12 months of expenses in liquid, low-risk accounts—challenging the traditional 3 to 6 months’ advice. Kevin emphasizes that a robust emergency fund provides financial stability, peace of mind, and flexibility during job loss or unexpected expenses, empowering listeners to make better decisions without fear or desperation.

Why Emergency Funds Matter in Today’s Economy (00:00:59)

The Em...

In this episode of the 9Innings Podcast, Kevin Thompson sits down with Andy Panko of Tenon Financial to reflect on their experiences at the Future Proof Festival — an innovative outdoor conference designed for the next generation of financial advisors.

They dive into:

Conference Participation & Value (0...

In this episode of the 9innings Podcast, host Kevin Thompson, founder and CEO of 9i Capital Group, discusses six common mistakes people make with their 401(k) retirement plans. He covers misunderstandings about plan rules, improper rollover techniques, unnecessary fees, risk tolerance, financial advisor affiliations, and advisor compensation. Kevin offers practical tips to help listeners avoid costly errors and maximize their retirement savings.

Mistake 1: Not Knowing 401(k) Rules (00:00:53)

Mistake 2: Improper Rollover Techniques (00:04:18)

Mistake 3: Paying More for Less Value (00:06:26)

Mistake 4: Misunderstanding Risk Tolerance (00:07:27)

Mistake 5: Influence of Financial Advisor Affiliations (00:10:33)<...

In this episode of the 9Innings Podcast, I sit down with Ivana Delevska, founder and CIO of Spear Invest, to talk about the current state — and the future — of artificial intelligence.

We dig into:

Ivana shares why adaptability and continuous learning will be critical for young professionals and how AI will transform productivity across industries. She also highlights where th...

In this episode of the "9innigns Podcast," Kevin Thompson, founder and CEO of 9i Capital Group, analyzes the Federal Reserve’s recent 25 basis point rate cut. He explains that while the cut aims to stimulate economic growth, its impact on consumers is minimal due to high borrowing costs and tight lending standards. Thompson highlights that the primary beneficiary is the U.S. government, which can refinance its debt more cheaply. He also clarifies that mortgage rates are unlikely to fall significantly, as they are driven by broader market forces rather than the Fed’s short-term rate adjustments.

In this episode, Kevin Thompson, founder and CEO of 9i Capital Group, tackles five widespread tax myths popularized by social media influencers. He clarifies misconceptions about LLC tax benefits, the tax obligations of the wealthy, hiring children for tax savings, filing requirements for low-income earners, and reporting small amounts of income. Kevin emphasizes the importance of legitimate business practices, accurate income reporting, and always filing tax returns to maximize refunds and avoid IRS issues. He encourages listeners to seek reliable advice, subscribe to the podcast, and explore his book for further financial education.

Myth 1: Starting...