Prosper Podcast

Sometimes the easiest way to learn about something is make it really simple. Like some of the first true/false tests you might have taken in school, let’s play a round of fact or fiction to test your financial planning acuity. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

Let’s talk about some of the areas of your financial life where you might be flirting with disaster and don’t even know it on today's show. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

We discuss some key moments in life that might be perceived as a crisis point, but might actually be an opportunity in disguise. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

Are pension plans truly disappearing across the country? Let’s take a look at the status of pension plans in America and how changes in that space impact you when planning for retirement. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

The “normal” investment world already seems crowded with endless possibilities of companies and ways to invest. Yet there’s a segment of the market classified as alternative investments that many people find intriguing. Could there ever be a place for alternative investments in your portfolio? What are some of the alternative investments you should know about? Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

You probably heard all about GameStop stock and buzzwords like short squeeze, Reddit’s Wall Street Bets, and hedge funds the last week of January. But what really happened that had all of the financial media world stirred up and Alexandria Ocasio-Cortez and Donald Trump Jr. actually agreeing about something? We’ll seek to explain what happened and cover some lessons learned from the events. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

There are many more risks to guard against in retirement planning than most people realize. Let’s explore some of the planning risks we all face and how to prepare for them Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

Let’s see what lessons can be learned from the most famous market crashes in United States history. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

Let’s explore some of the things you should be thinking about and checking on as we wrap up 2020 and begin 2021. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

Have you thought about what life is going to be like for you in retirement? Is there a particular lifestyle you’re seeking? Not all retirement planning is about the finances. Let’s look at some of the lifestyles that are popular among retirees and discuss some of the financial things to consider if you’re going to try to live out one of these particular living situations. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

Want to grade your preparedness for retirement? Here are five key questions you need to ask yourself. Your answers will help determine how ready you are for retirement. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

A lot of concern goes into trying to pick the proper investments, build a balanced portfolio, and getting the highest return. But how much time have you really put into finding the right advisor to work together with on all these tasks and more? You might be surprised to find out that a lot of people don’t do their due diligence or put in a considerable amount of thought into picking their advisor. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

The governor of Illinois Jay Robert Pritzker has a tax proposal that would significantly increase the tax rate for higher income earners. One of Illinois' wealthiest residents Ken Griffin donated 20 million to campaign against this proposal. We discuss the problems with this tax proposal as well as answer and email question from Sally. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

Just like your iPhone or your computer can become obsolete and need to be replaced, the way that some people think about retirement is obsolete and needs to be replaced. Let’s talk about some outdated ideas that people still cling to. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

There’s a popular podcast called Stuff You Should Know, where they break down things like how sneezing works. Typically, it doesn’t have anything to do with the financial world. On today’s show, we’ll embrace the concept of “Stuff you should know”, but all based in the financial realm. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

If you’re a First Responder in Pennsylvania and not paying into Social Security as part of your job with the Police, Fire or EMS, you could have your benefits reduced substantially. We spend a few minutes on the WEP and how it might affect you. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro

The IRA is an incredibly popular vehicle to save for retirement. But are you being too passive about how you’re saving and investing inside that account? Let’s put your IRA through some scrutiny to see if you’re truly taking advantage of all it has to offer and understand its pros and cons. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro George's Youtube Channel: https://www.youtube.com/channel/UCoAWRL9a8isWC7wXAG66Fvg?app=desktop Call: 215-699-1050

Everyone has read blogs, watched shows, and listened to people talk about all the key ways to improve or succeed in retirement. But what about how you can mess it all up? Let’s tackle five easy ways to ruin your retirement (then just do the opposite of these things and you’ll be fine). Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Check Out Expert Stories: https://www.amazon.com/Expert-Stories-Clint-Arthur-ebook/dp/B07L7GDLYV Call: 215-699-1050

People are always studying geniuses and highly intelligent people, trying to get an understanding of what makes them tick. Let’s look at some of the common characteristics of highly intelligent people that you should apply to your financial life. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

It seems that most people don’t have a clear picture of whether they should contribute to a traditional IRA or a Roth. Let’s discuss how to determine what’s best for you. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

Let’s talk about some of the common mistakes that we see being made time and time again by retirees and pre-retirees. Important Links: Protective Wealthcare Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

Dave Ramsey has earned a lot of respect among savers and investors over the years as evidenced by his enormously popular radio show, books and sold out performance venues when he speaks. But is all of his advice worth following? Is it possible that some of the things he professes will actually hurt you financially? Let’s take a look at some of Dave’s most popular advice and see if and when it makes sense for retirees and pre-retirees to disagree. We also discuss a recent Marketwatch article. If you would like to read the article, follow this link: https://www.marketwatch.com/story/retirement-savers-have-been-following-generic-financial-advice-according-to-fidelity-and-thats-a-good-thing-right-now-2020-04-24 Important Links: McReynolds Wealth Management Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

This week we talk with George about the state of things for himself, his clients and the nation as a whole. We'll also look into some key points from the government stimulus package that just might be a silver lining for your portfolio. Important Links: McReynolds Wealth Management Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

How far out from retirement are you? 15 years? 10? 5? Is it on the doorstep? No matter which stage you’re in, there are some really important things you should be thinking about as you inch closer to that day you call it quits at work. On this episode, we’ll walk through these different stages to see exactly the kinds of things you should be doing from a planning perspective and how your focus changes as you get closer to the big day. Important Links: McReynolds Wealth Management Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

The Coronavirus (COVID-19) is having a dramatic impact on our daily lives and many people are taking a huge financial hit from lost wages, a volatile stock market, and general economic uncertainty. George will give his thoughts on what has been happening and his opinion on what may come from this situation. Important Links: McReynolds Wealth Management Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

The idea of a Roth conversion is intriguing to a lot of people, and for some people it can be a great strategy to enact. Let’s explore the concept... Important Links: McReynolds Wealth Management Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

Most people like to think that they always make decisions based on logic and facts, but the truth is that emotions usually play a role for all of us in the decision-making process... Important Links: McReynolds Wealth Management Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

It’s always good to keep yourself up to date with what’s going on in the financial world. But it’s also important to understand that the information you get from the media isn’t completely unbiased. Let’s talk about some of the problems with the financial media. Important Links: McReynolds Wealth Management Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

After it simmered in Congress for a year, the SECURE Act is now law. If you have a retirement account of any kind, or will one day inherit a retirement account, this will affect you. Important Links: McReynolds Wealth Management Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

Simple mistakes can sometimes lead to larger regrets in retirement. On today’s show, we’ll explore some of the things you can do to avoid living with regret in retirement. Important Links: McReynolds Wealth Management Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

If the variables were the same for everybody, retirement planning would be much simpler. But the fact that everybody is different is what makes it fun. On today’s show, we’ll explain why answers to some of retirement’s critical questions vary from person to person. Important Links: McReynolds Wealth Management Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

Some people think we’re on the cusp of the next stock market crash. Others predict that we’re just due for a minor correction. And another camp thinks we’ll continue an upward trend. We don’t know who is right or when any of those options will occur. But let’s talk about what the next market crash might look like, even if we don’t know when it will come. Important Links: McReynolds Wealth Management Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

Even for people who have been very responsible with their money over the years, entering retirement can still be a challenge because it’s such a different stage of life. Let’s talk about some of the missteps that even responsible savers can make. Important Links: McReynolds Wealth Management Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

Today’s episode is simple. We’ll look at some of the most widely believed financial myths and try to bust them wide open. The scary thing is that a lot of people base their financial plans on some of these myths. Don’t be like that. Important Links: McReynolds Wealth Management Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050  

As we get into the 2nd half of 2019, there are several planning items you might want to run a quick checkup on, especially if you’re a retiree, or pre-retiree, to make sure you’re still on the right financial track. Are you focusing on the right things? Listen to today’s podcast to find out. Important Links: McReynolds Wealth Management Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

Between wildfires, hurricanes, tornadoes and floods, there’s always a natural disaster making news headlines. And while life and limb aren’t at stake when it comes to your portfolio, experiencing a financial disaster can still have a catastrophic effect on your life in retirement. Let’s discuss some portfolio disasters that we’ve seen and how to avoid them. Important Links: McReynolds Wealth Management Website: https://www.mcwealth.com/ Schedule A Free Review: https://calendly.com/mcwealth/intro Call: 215-699-1050

Your 401k can be your most powerful retirement savings tool. But it’s not perfect. Let’s talk about some of the weaknesses that you should be aware of in your 401k (or 403b...or TSP...or 457 plan).

This week we spend a few minutes talking about McReynolds Wealth Management and peek inside some of the events and ideas that go into George's company.

The term “fake news” has become synonymous with the political climate of the past few years. But the phenomenon has spread to other parts of our culture as well. What about fake news in the financial space? We’ll look at some recent news headlines to see if they qualify to be labeled as “fake news”.

Some of retirement planning's most important questions seem so simple at first. They can be asked in just a few words and give the impression that the answers are a simple "yes" or "no". But it's tricky because many of these questions can be overwhelming to answer. Let's cover some of the important retirement questions that are harder to answer than you think.

For some people, the biggest problem with their financial planning isn’t that they make the wrong decisions. It’s that they often fail to make decisions at all. But sometimes you just have to fish or cut bait. Decide and move forward. Let’s discuss some of the things that can cause the decision-making process to stall and how you can get unstuck.

Let’s discuss a few examples where following conventional wisdom might lead you astray, as well as some tips on picking up the pieces after divorce.

The realities of retirement planning are different than they were even a decade ago. Let’s talk about some of the realities that affect how you need to plan...

Most people have a junk drawer at home. It usually contains things like rubber bands, clothespins, highlighters, glue sticks, a tape measure, a label maker, and a pair of scissors. But most people have a financial junk drawer too. Let’s talk about some of the things that end up there and how they might be put to better use…

When it comes to financial planning, everybody has some kind of pain point. Those pain points are different for each person, but everyone has something that bothers them. George tells us about some times where he's helped clients through these frustrating areas.

Coming in April 2019, a new podcast from George McReynolds of McReynolds Wealth Management in Lansdale, PA. A show designed to help you get to and all the way through retirement.