Best of Simply Money

On this week's Best of Simply Money podcast, Amy and Steve delve into the biggest mistakes they see investors make and how you can steer clear of them. From the emotional roller coaster of trying to time the market, to taking on too much or too little risk, Amy and Steve have seen it all. Plus, they talk about the financial advice investors say they really want, share strategies for those who bring in dual incomes and have no kids in the home, and answer listener questions in their ‘Ask the Advisor' segment.  

On this Best of Simply Money podcast, Amy and Steve Sprovach take a deep dive into a mistake some investors made three weeks ago that they might not recover from. Did you make this mistake? It all started on August 5th when the S&P 500 dropped 3% after a negative jobs report for July. Even if you don't recall the date, you probably remember the sinking feeling of checking the markets and seeing that drop. So, what did you do as an investor that day? Steve shares how, even in retirement, that drop caught his attention and got him thinking about a potential market correction. We're discussing why sometimes doing nothing is the best strategy and how reacting to negative press can lead to bad decisions.

On this Best of Simply Money podcast, Amy and Steve Sprovach reveal the financial planning steps to take starting ten years before you tell your boss to 'take this job and shove it.' Plus, people are using the equity in their homes for all the wrong reasons. Amy and Steve explain how this can derail your chance at achieving financial freedom.

On this Best of Simply Money podcast, Amy and Steve Sprovach break down the July inflation report and explain how to prepare for looming interest rate cuts. Plus, the Fiduciary standard is under attack. Amy and Steve discuss why and fight back.

On this Best of Simply Money podcast, Amy, Steve and Allworth Chief Investment Officer Andy Stout provide perspective rather than panic in the face of recent market volatility. Plus, a look at how much umbrella insurance you should have.

On this Best of Simply Money podcast, Amy and special guest and former co-host Steve Sprovach discuss the factors that have us closer to the first interest rate cut in four years. Plus, they discuss the number one factor that usually determines whether you will achieve financial independence. Your mind.

On this Best of Simply Money podcast, Amy and Allworth advisor Andy Shafer discuss potential money moves to make as the Federal Reserve carefully considers an interest rate cut. Plus, they play some retirement fact or fiction.

On this Best of Simply Money podcast, Amy and Steve break down the inflation report that could fuel an interest rate cut. Plus, they discuss the benefits of automatic 401(k) enrollment, and when it's time to reach out to your trusted financial planner.

On this Best of Simply Money podcast, Amy and Steve review the first half of 2024 and detail the mid-year financial checkup you should consider. Plus, why being wealthy is more than just a number.

The markets are in the midst of an extremely calm period. On this Best of Simply Money podcast, Amy and Steve discuss the reasons why, explain why it won't last, and provide important context.

They say you shouldn't build a boat in the middle of stormy seas. On this Best of Simply Money podcast, Amy and Steve discuss the steps you should take with your money right now while the waters are calm. Plus, they examine whether you should tweak your portfolio before tax cuts expire at the end of next year.

For the first time in two years, the cost of goods and services did not rise. On this Best of Simply Money podcast, Amy and Steve examine the possible impact on interest rates. Plus, they'll take a look at when the time comes to give up financial control.

They are the two most powerful emotions investors act on. Fear and greed. On this Best of Simply Money podcast, Amy and Steve discuss the ramifications of those feelings with world renowned investment manager Apollo Lupescu. Plus, they play some retirement ‘fact or fiction.'

Some investors are wondering whether they need to tweak their portfolios as the race for the White House gets closer. Maybe even you. On this special episode of the Best of Simply Money podcast, Amy and Steve speak with a man known as the “secretary of explaining stuff.” He is Dimensional Fund Advisors Vice President Apollo Lupescu, and his precise data clearly shows how you should react.

On this week's Best of Simply Money podcast, Amy, Steve, and Allworth Chief Investment Officer Andy Stout provide concrete data that explains why getting in and out of the market is a horrible idea. Plus, they discuss the warning signs of a bad investment.

On this week's Best of Simply Money podcast, Amy and Steve discuss whether a cooler than expected inflation report has a bigger impact on your 401(k), or your wallet. Plus, they discuss the impact that money has on mental health.

$85 trillion dollars will soon be in the hands of younger generations. On this week's Best of Simply Money podcast, Amy and Steve discuss how each generation should take advantage of this massive movement of money.

On this week's Best of Simply Money podcast, Amy and Steve discuss the Fed's decision to keep interest rates the same once again. Plus, the questions to ask yourself when you are creating your 401(k) objectives.

The Department of Labor released its final version of a rule that will require certain so-called financial advisors to put your self-interest before theirs. On this week's Best of Simply Money podcast, Amy and Steve discuss the implications of this move. Plus, financial documents you should keep forever.

On this week's Best of Simply Money podcast, Amy and Allworth's Andy Shafer explain why standing still during times of crisis is crucial on the road to retirement. Plus, they discuss the danger of lowering 401(k) contributions, and spending strategies in retirement.

On this week's Best of Simply Money podcast, Amy and Steve discuss the implications of a hotter than expected inflation report. Plus, they tackle one of the most important issues when it comes to personal finance. Financial literacy.

If you want to one day live a life where you no longer have to worry about money, you need a solid financial plan. On this week's Best of Simply Money podcast, Amy and Steve break down the key planning elements you need to make that happen. Plus, a lesson on capital gains taxes, and Amy and Steve play retirement fact or fiction.

On this week's Best of Simply Money podcast, Amy and Steve take a big picture look at how eleven interest rate hikes have affected monthly mortgage payments, car bills, and more. Plus, why Apple isn't immune to controversy and the takeaways for investors.

Powell speaks and the investors listen. On this week's Best of Simply Money podcast, Amy and Steve discuss the news conference that spawned record stock market highs. Plus, will the government yank Social Security benefits from you in the future? Amy and Steve take a deep dive into the situation.

On this week's Best of Simply Money podcast, Amy and Steve discuss key errors that retirees make that will impact not only the retiree, but their heirs. Plus, how to navigate healthcare costs if you decide to stop working before qualifying for Medicare.

On this week's Best of Simply Money podcast, Amy and Steve explain why you don't have to be a millionaire to develop good habits on the road to retirement.   Plus, how to move on financially following a layoff, and they reveal the top investing quotes of all time.

On this week's Best of Simply Money podcast, Amy and Steve take the top questions investors ask financial advisors and answer them. Plus, a breakdown of the estate documents you need.

On this week's Best of Simply Money podcast, Amy and Steve explain why the most admired companies may not make your retirement dreams come true. Plus, why crypto ads are targeting baby boomers, new rules for inherited IRAs, and whether taking a pay cut is worth it.

On this week's Best of Simply Money podcast, Amy and Steve discuss whether January's hotter than expected inflation report is cause for concern. Plus, the impact sports betting could have on your taxes, and a look at when it makes sense to take Social Security.

On this week's Best of Simply Money podcast, Amy and Steve break down the list of specific errors you need to avoid making on the road to retirement. Plus, navigating health insurance costs before turning 65, the new cost of dying, and when reducing income can make financial sense.

On this week's Best of Simply Money podcast, Amy and Steve explain why the Fed won't commit to lowering interest rates in March. Plus, they examine whether the Social Security trust fund is invested properly, and answer your retirement planning questions.

On this week's Best of Simply Money podcast, Amy and Steve discuss the moves to make when the markets are rising, and when they are not. Plus, how to bounce back from a financial shock, and a list of items collecting dust that could be worth a fortune.

The road to financial independence is paved with bad decisions. Amy and Steve reveal common investing mistakes and how to overcome them. Plus, advice for those who have a dual income and no kids, and Amy and Steve answer your questions in our ‘Ask the Advisor' segment.

The data is out and inflation is a little hotter than expected. Amy and Steve break down what this will mean for interest rates going forward. Plus, it's now easier to invest in Bitcoin. But does that make the investment any safer?

What will 2024 hold for your money? How will the stock market do? Will we enter a recession? Amy and Steve break down what you can expect. Plus, they reveal the financial goals that should be on everyone's list for 2024.

They said 2023 would be painful. Boy were they wrong. Amy and Steve discuss the lessons to be learned from the so-called experts who blew their predictions. Plus, when after-tax contributions to a 401(k) make financial sense.

The Dow Jones Industrial Average crossed a level never seen before. Steve and Amy explain the reasons why and discuss how investors should react. Plus, they give their take on new research that suggests that a portfolio consisting of 100% stocks is the best allocation.

Steve and Amy sit down with Peter Cancro, the man who turned one sub shop into a multibillion-dollar company. Plus, they reveal the financial resolutions to make for 2024, and play a little retirement ‘fact or fiction.'

Will the stock market go boom or bust in 2024? Amy and Steve break down the newest predictions and explain why it's all just a bunch of noise. Plus the connection between your health and your money.

Is the Fed about to achieve the magical ‘soft landing?' Steve and Amy break down the new inflation numbers. Plus, pain in the housing market, the financial benefits of giving, and retirement ‘fact or fiction.'

Are all of those Fed interest rate hikes finally starting to slow the economy? Allworth's Steve Hruby, Brian James and Andy Stout discuss. Plus, key moves that will derail you on the road to financial independence.

Did the Fed just finish raising interest rates? Amy and Steve break down the clues that suggest it's possible. Plus, they reveal the amounts you can contribute to your retirement accounts in 2024.

Some recent headlines suggest a stock market crash could happen. Amy and Steve keep you from freaking out. Plus, the financial mistake that one in four couples is making that can be fixed in minutes.

War in the Middle East. Turmoil in Congress. Is it time to lower your portfolio risk? Steve and Allworth Advisor Michael Coates explain why the key for investors right now is calm. Plus, the danger of thinking you won't live long, and major misconceptions about Social Security.

Why won't the inflation rate drop? Steve and Amy look under the hood. Plus, tax moves to consider right now, and when retiring early makes sense, and when it doesn't.

Do you know when you are about to railroad your path to financial independence? Steve and co-host Steve Hruby examine the warning signs. Plus, the key questions to ask when receiving an inheritance, and we answer your questions.

When your portfolio drops in value, what should you do? Amy and Steve examine several strategies out there and come to a conclusion that is best for most investors. Plus, they discuss when it's time to fire your advisor, and play retirement ‘fact or fiction.'

The Federal Reserve decided to leave interest rates alone. Steve and co-host Steve Hruby examine the implications of the move and what the Fed could do next. Plus, the financial impact of marrying later in life, how to save on vacation rentals, and you ‘Ask the Advisor.'

What should you make of the latest inflation data? Steve and co-host Steve Hruby look under the hood to uncover the real story. Plus, they discuss the ultimate example of timing the market and why they consider it gambling.

The Fed might be finished hiking interest rates. Amy and Steve explain how to take advantage before it's too late. Plus, the price of grief and how to deal with it.

When will the Federal Reserve start cutting interest rates? Steve, co-host Steve Hruby, and Allworth Chief Investment Officer Andy Stout discuss. Plus, the danger of getting financial advice from a chatbot, and we play retirement ‘fact or fiction.'