Saving With Silverman

What do you do when life throws retirement curveballs, especially the ones you didn't see coming? In this mailbag episode, Mark tackles three unique retirement planning questions from listeners like you. You'll hear whether life insurance can make sense as part of an estate plan and what the 4% rule really means when it comes to dividends and interest. Mark also helps a listener assess the impact of leaving work earlier than expected and what steps to take next.   Here's what we discuss in today's show:

Not all financial advisors do the same thing and not all “plans” are made with your best interest in mind. In this episode, Mark walks through what a genuine financial planning process looks like from start to finish, and how to spot the difference between true fiduciary advice and a thinly veiled product pitch.   Here's what we discuss in today's show:

Ever wonder what other people talk about with their financial advisors? A new survey of nearly 400 experienced advisors reveals the biggest concerns, challenges, and financial goals their clients are facing today. From retirement planning and healthcare costs to working longer than expected, we're breaking down the key takeaways and how they compare to what we see in our own client conversations.   Here's what we discuss in today's show:

How do you build confidence in your retirement plan when so much feels out of your control? In today's episode, we're cutting through the noise and focusing on what really matters- the things you can control. From managing risk to planning for inflation and creating reliable income, we'll share strategies that put you back in the driver's seat.   Here's what we discuss in today's show:

What happens when the paycheck stops, but the bills don't? In this episode, Mark cuts through the noise and gets real about why a true retirement income plan is your financial foundation. Spoiler: it's not about picking the right annuity or hoping Social Security is enough. It's all about strategy, and there's no silver bullet.   Here's what we discuss in today's show:

A good financial plan considers the unique needs and views of both spouses. But let's face it, couples often come to the table with different approaches to saving, spending, and planning for the future. So, how do you get on the same page and build a plan that works for everyone? In this episode, we'll explore the challenges and strategies of financial planning for married couples. Here's what we discuss in today's show:

Arizona is a unique state in that parts of the state have harsh winters while other areas deal with extreme heat in the summers. Either way, it definitely drives retirees to consider taking up residence somewhere else in those months when the weather isn't enjoyable. Is ‘snowbird' life for you? Let's talk about what motivates people to take up temporary residence elsewhere, where they go, and if it's worthwhile. Here's what we discuss in today's show: What our clients usually do when they choose to become ‘snowbirds.' Where do people usually go to live when they leave? What do you need to consider before deciding to take up two residences? The ways that technology has given more flexibility with work and travel.   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

For many Americans, the 401k will be their biggest asset in retirement and will be a critical piece of the income they need to create. It's no surprise that we get a lot of questions about the 401k and today we're going to address some of the one that we get asked the most. Here's what we discuss in today's show: Is it a good idea to take advantage of a program your company offers to advise you on your 401k? Should you contribute as much as you can or just enough to get a company match? Should you use target date funds? Is it okay to take out a 401k loan to pay for major expenses? When is it a good time to rollover a 401k into an IRA? Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

Today we're going to tackle retirement planning through a fun game called ‘Two Truths and a Lie.' Ron will present Mark with three statements, and he'll have to tell us which two are true and which one is the lie. This episode is designed to help listeners better understand how various financial elements impact their retirement and overall financial health. Here's what we discuss in today's show: Do stocks, bonds, or gold typically do better in inflationary periods? Rising interest rates will hurt borrowers, but rising interest rates don't hurt savers. Your emergency fund should be growing or it should be liquid. A market crash right after you retire can be very problematic. What's the truth behind the future of Social Security? Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

If you've done any research on retirement and financial planning, you've probably seen the term diversification used quite a bit. But does what it mean to truly be diversified? The truth is that it can mean a lot of different things when it comes to your financial plan. Here's what we discuss in today's show: Diversification of stocks Diversification of asset classes Global diversification Diversification of strategies Diversification of future tax liability   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

You wouldn't necessarily expect Lindsay Lohan, Rosie O'Donnell or Mike Tyson to dispense valuable insights about financial planning matters. In fact, you'd probably expect the opposite. But with a little bit of creativity, we can get some financial planning pearls of wisdom from even the most unlikely of sources. Here's what we discuss in today's show:  Not being your own worst enemy when it comes to investing Taking what you hear on TV or social media with a grain of salt Having a game plan but being flexible with that plan as things change Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

With pensions being a thing of the past, and Social Security looking like it might have some changes coming, retirement planning today is nothing like it was for your parents or grandparents. In the past, people often retired and only lived a few years beyond that, but today's retirees could spend 20, 30, or even 40 years in retirement. And, unless you're in one of the few jobs that still offer pensions, it's largely up to you to create and secure your own retirement. In this episode, Mark breaks down exactly how retirement planning has changed over the years and shares how people can start to get ahead in their planning. Here's what we discuss in today's show: Pensions are largely a thing of the past The challenge of having to support your children and elderly parents at the same time Concerns about the future of Social Security Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

From fitness icon to actor to governor, Arnold Schwarzenegger has worn lots of different hats over the course of his incredible life. Is financial advisor the next one he's ready to put on? Probably not, but in today's episode, we'll dive into some of Arnie's most well-known quotes and see how they can apply to the financial world! Here's what we discuss in today's show: How investing changes as you move through different stages of life. Visualization and setting goals. How the stock market is cyclical. The hard part is often just getting started. Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

In our fast-paced lives, we often find ourselves juggling multiple priorities, from maintaining a healthy lifestyle to ensuring financial stability. But have you ever considered how these two seemingly distinct aspects of life might share common ground? In the latest episode, Mark highlights the intriguing parallels between weight loss and financial planning. Here's what we discuss in today's show: Understanding both the pros and cons when it comes to different financial products. Being diligent with saving. Your financial plan is not just for you, but for your family too. Reassessing your financial goals as your life circumstances change. Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

Lots ​of ​people ​have ​questions ​about ​their ​retirement, but most ​people ​should ​be ​asking ​about things they don't know about. In this episode, Mark will give you the questions that can significantly impact your financial future, which is essential for getting on the right track for retirement. Here's what we discuss in today's show: Figuring out how much you can withdraw from your savings every year. Considering if you should maintain a life insurance policy when you are retired. Do you know what you're paying in fees and what that is getting you? Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

When it comes to retirement planning, real estate often emerges as a popular topic of discussion. If this is something you've been curious about, this episode should be very helpful. We're going to dive into the complexities of real estate and some of the factors you need to consider before making any final decisions. Join us to learn how to make smarter choices about your real estate investments and retirement planning.   Here's what we discuss in today's show: Keeping a sense of perspective on the current mortgage rates. Challenges with using rental properties as a means to fund retirement. Diversifying portfolios that have a good amount of real estate holdings. What is a reverse mortgage and why the complexity and cost make them a less attractive option.   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

In this episode, we look at finance through a bit of an unconventional, yet enlightening lens. Mark takes the timeless wisdom of Ernest Hemingway to draw parallels and impart valuable lessons for making smarter financial decisions. The great American novelist and journalist captured the hearts and minds with his adventurous lifestyle. During his 51 years on Earth, Hemingway left a lasting legacy and it isn't always explored from a financial viewpoint. That's what we'll do today with some of these great quotes and hopefully provide you with a little real-world guidance you can apply to your own life today.     Here's what we discuss in today's show: How financial planning doesn't always go just like the books tell you it will. There is always something new to learn and something to improve on. How to adapt to the current realities of the market (at any point in time).   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

Calvin and Hobbes is one of the most timeless comic strips in American history, but is there anything we can learn from Bill Watterson's masterpiece in the financial realm? Turns out there is, and Mark will draw on wisdom from the comic to highlight several quotes that offer valuable lessons for financial planning.   Here's what we discuss in today's show: Preparing in advance for some of those financial surprises. Having a sound investing strategy. Making sure your retirement income keeps pace with inflation. Getting ahead on your retirement plan.   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

Have you ever considered how the mundane tasks we do around the house can offer valuable lessons for managing our finances? In this episode, we're going to expand on this intriguing analogy. From taking out the trash to cleaning out the fridge, Mark provides insightful advice on maintaining a well-diversified portfolio, updating beneficiaries, and the importance of periodic maintenance.   Here's what we discuss in today's show: Reviewing your portfolio and making sure that it is well diversified. Ensuring that the investments in your portfolio are appropriate for where you are in life. Knowing what you want from your financial advisor.   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

Every individual will have a unique plan for retirement, but there are questions that every person should be able to answer before they make the transition. Am I prepared for increased tax rates in the future? What about if I live longer than I plan and I outlive my money? What do I want to happen with my money after I die? Today we'll provide a comprehensive checklist that will help prepare you for retirement.     Here's what we discuss in today's show: Saving for the future while enjoying life in the present. Being prepared for retirement risks. Minimizing future tax liability. Incorporating legacy planning into your overall plan.   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323

Mark Twain is one of the most revered authors in American history, but what can we learn about finance from this legendary wordsmith? Join Mark Silverman as he takes a look at some of Twain's most famous quotes and applies the lessons to financial planning.   Here's what we discuss in today's show:  Diversification and spreading out your risk to protect your portfolio. Not letting politics be an excuse when it comes to investing decisions. The longer-term an investment you have, the more likely you are to have a good return. The value of getting ahead and how money is a tool.   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323

Can you imagine how difficult it would be for a placekicker if the goalposts suddenly shifted just as they were about to kick? In the same sense, how can we expect to achieve our financial goals if we're constantly shifting the targets? Retirement goals can obviously change with the passage of time, but there can be some serious risk when it comes to your retirement if you shift the goalposts a little bit too carelessly.   Here's what we discuss in today's show: Setting and sticking to goals. Not keeping more cash for your retirement than you need. Determining how much risk you should be taking.   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323

While you've probably heard of bonds before, do you really have a full understanding of how they work, especially when compared to stocks? Today we'll dive deep into the world of bonds, breaking down their complexities and offering valuable insights.   Here's what we discuss in today's show: What are bonds, and how are they different from stocks? Bond funds v. individual bonds. What causes bond prices to change?   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323

Have you ever glanced at your financial statements and felt overwhelmed by the numbers and jargon? You're not alone. Many people receive statements from their investment accounts every month or quarter but don't fully understand what they're looking at.   Here's what we discuss in today's show: Some of the challenges when it comes to fees. What is cost basis and why is it important? What's in the fine print that you should be paying attention to?   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323

It's been said that “the sales brochure giveth and the fine print taketh away.” In the financial world, glossy brochures and enticing sales pitches often conceal ugly hidden truths.  Let's talk about some of the things we hear from people when they don't pay enough attention to the fine print...   Here's what we discuss in today's show: “I just got a big rate increase on my long-term care insurance!” “The fees in this annuity are a lot higher than I was told!” “This mutual fund had done really well for the last several years, but it tanked as soon as I got into it!” “My life insurance suddenly got really expensive as soon as I turned 65!” “I want to get some money out of this REIT but they're telling me I can't have it back!”   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323

In the realm of personal finance, there's no shortage of advice- some of it good, some of it not so much. Being a good advisor isn't about winning a popularity contest or just saying the same things that everyone else in the industry says. It's about giving the best advice that you can for each individual situation. Let's discuss some areas where Mark's opinions might not be popular with other people in the financial industry...   Here's what we discuss in today's show: The appropriate amount of risk for a retiree or pre-retiree The appropriate use of life insurance How to handle debt Whether or not to pay off the house The appropriate use of annuities The appropriate use of mutual funds How much money to have in cash   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323

A recent study revealed that 19% of Americans over the age of 65 are still working, which is twice as high as it was 30 years ago. Today, we'll explore some of the reasons behind this statistic.   Here's what we discuss in today's show:  Some people truly love their job A divorce can force someone into working longer than they originally planned Waiting for Social Security full retirement age Some people simply haven't saved enough   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323    

In this episode of Saving With Silverman, we delve into the nuanced world of financial risk. Join Mark Silverman, CFP® and founder of Silverman & Associates, as he unpacks the complexities of risk tolerance in investing. Whether you're a thrill-seeker in the market or prefer a more cautious approach, understanding the risk you're comfortable with is crucial to achieving your financial goals. Mark emphasizes the importance of understanding not just how much risk you're taking, but also how much you should be taking to stay on track for your objectives. You'll learn about the pitfalls of chasing market trends and the dangers of being misaligned with your risk tolerance. Mark's conversation is peppered with insights like 'Investments work, investors don't,' highlighting the common mistakes people make when trying to time the market. Discover how to align your investments with your life goals in our latest podcast episode. Learn the secrets of managing risk, crafting a diversified portfolio, and ensuring your financial plan is as unique as you are. Don't leave your financial future to chance; listen today for actionable insights and take control of your wealth. Your smarter financial future awaits!   Here are the quotes we discuss in today's show: How often someone's portfolio matches their feeling about risk. For people who don't know how much risk they're taking, how can they tell? Why so many people take unnecessary risks with their retirement money. Is there a way to significantly reduce portfolio risk without also significantly reducing opportunities for growth? How can someone know how much financial risk is appropriate for their situation?   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323    

We like to approach financial conversations from a creative angle here on the show. So, in today's episode, we're exploring the timeless wisdom of past presidents. Join Mark as he takes five famous quotes from influential figures such as George Washington and Ronald Reagan and shares how their wisdom applies to financial planning.   Here are the quotes we discuss in today's show: “When only one side of a story is heard and often repeated, the human mind becomes impressed with it.” “Ask not what your country can do for you, ask what you can do for your country.” “Think about every problem, every challenge we face. The solution to each starts with education.” “Trust but verify.” “It takes a great man to be a good listener.”   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323    

In today's uncertain financial landscape, it's easy to feel like you're rolling the dice when it comes to retirement planning. With rising costs and unexpected expenses to account for, leaving your financial future to chance isn't a risk worth taking. Join us on this episode as we dive into the importance of strategic retirement planning.   Here's what we discuss in today's show: Understanding and planning for how much income you'll need in retirement Maintaining a sufficient liquid reserve to handle unforeseen costs Accounting for the cost of inflation in your retirement plan The escalating costs and uncertainties surrounding healthcare   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323    

Does retirement planning sometimes sound like Greek to you? Turns out, that's not always a bad thing. Join us as we take a step back in time and explore the timeless wisdom of Aristotle in today's episode.   Here are the quotes we discuss in today's show: “It is the mark of an educated mind to be able to entertain a thought without accepting it.” “Quality is not an act. It is a habit.” "The aim of the wise is not to secure pleasure, but to avoid pain." “Well begun is half done.”   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323

Welcome back to the Saving with Silverman podcast! In today's episode, Mark is going to answer some mailbag questions sent in by listeners like you. These episodes are a great way for you to learn from real-life financial scenarios while gaining valuable insights into managing your finances effectively.   Here are the questions we cover in today's show: “Is financial expense insurance worth buying?” “I have to start taking RMDs next year. Should I take these withdrawals in monthly installments or one big withdrawal at the end of the year?” “How much tax should I expect to pay on my deceased mother's estate, which includes an IRA worth $150,000, a checking account with $100,000, and a house about to be sold for $350,000?”   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323

Welcome back to the Saving with Silverman podcast! This week, we're going to see what home renovation projects can teach us about the world of retirement planning.  We'll explore insightful lessons derived from the renovation process, such as understanding the “contractor's discount” and the importance of passing financial "inspections."   Here's what we discuss in today's show: The financial advantages of working with an RIA firm, including transparent fees and potential cost savings Passing “inspection” in financial planning with a collaborative financial planner The importance of specialization in financial planning and working with and advisor who prioritizes planning instead of products   Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323

In today's episode, we're going to cover some signs of good financial health. Listen in as Mark covers four essential areas that lay the foundation for a secure retirement. We'll chat about the importance of spending less than you make, understanding the future tax implications of your savings, crafting a comprehensive retirement income plan, and more.   Here are the signs of good financial health that we'll chat about: You spend less than you make You understand the future tax implications of your savings Both you and your spouse both understand your retirement plan and are prepared for the unexpected You have a written retirement income plan and peace of mind   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323  

Ever wondered when the next market crash will hit? Or what healthcare costs will look like 20 years from now? Unfortunately, these are questions that none of us have a crystal ball for. So, when it comes to financial planning, how can we be best prepared for the unexpected?   Here are the questions that we chat about in today's episode: “When is the next market crash going to happen?” “What will healthcare costs look like 20 years from now?” “What will the tax rates be three presidents from now?” “How long am I going to live?”   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323  

When you break it down to the most basic level, there are really three worlds of money that we utilize for financial planning: banking, insurance, and Wall Street. Each of these worlds has a distinct purpose and role in helping you prepare for retirement. Let's talk about the pros and cons of each and how we use them to design a portfolio.   Here's some of what we'll discuss in this episode: The banking world is great for savings and low risk, but it limits your opportunity for growth.   Why we don't look at insurance as an investment and what do we use this for. The Wall Street world involves risk but a proper portfolio gives you the best chance for growth.   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323

Nearly everyone we know has seen the movie Forrest Gump, which hit movie theaters nearly 30 years ago. That's really hard to believe, but it's a film that still holds up today. Forrest might have been slow-witted, but it's hard to find a more inspirational character. Believe it or not, there are even financial lessons we can glean from the movie and we'll share those today.    Here's some of what we'll discuss in this episode: Why you need to have a plan that's able to adjust as life changes. An example of someone who had a life circumstance that completely changed their plans. We can't get hung up on decisions we made in the past. Instead, we need to focus on what we can do moving forward. Nobody escapes death so what can you do now to prepare your family for loss?   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323

There are lots of financial decisions that people tend to push off to a later date. Usually, procrastination is not your friend, but in today's episode, we're going explore whether putting off certain financial matters is a good or bad strategy. Stay tuned as we chat about deferring taxes, eliminating debt, setting up legal and estate documents, and more!   Here's what we discuss in today's show: Deferring taxes can be beneficial upfront, but they will eventually need to be paid There are good and bad kinds of debt The benefits of having a simple will in place Understanding when to start taking Social Security benefits   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323  

In this week's episode, we're diving into the journey that brought Mark to where he is today. Stay tuned as he reflects on the journey that led him to this point in his career and the influential figures who shaped his personal views on money and finance along the way. We'll also discuss the importance of planning for retirement and the common frustrations people face when they haven't adequately prepared for this significant life transition.   Here's what we discuss in today's show: How Mark became interested in the financial industry + influential mentors in his career The difference between the accumulation and distribution phases of retirement What gratifies Mark the most about his job in financial planning? It's never too late to seek help with retirement planning, even if you've already retired without a plan   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323

Social Security is a complex system that impacts nearly everyone's financial future. Despite its importance, there's a lot that the average person doesn't know or understand about it. Today we're going to explore some of these lesser-known facts so that you can make the most informed decisions for your financial future.   Here's some of what we discuss in today's show: What are work credits, and how do they impact Social Security benefits? How do spousal benefits work, and can non-working spouses receive benefits? Former spouses who were married for at least 10 years may be eligible to claim benefits based on their ex-spouse's earnings. What is the earnings test, and how can it affect early Social Security withdrawal? Your Social Security benefits can be garnished by the federal government.   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323

We're back with another mailbag episode this week! We have an exciting lineup of topics to discuss today. Colleen asks how much money she should have in her emergency fund. Bonnie asks Mark to explain the basics of estate planning to ensure that her assets are passed on with minimal tax implications. Listen in as we tackle these questions more in today's episode!   Here's are the questions Mark answers in today's show: How much money should I have in my emergency fund and how does this differ from other savings? I want to ensure my assets are passed on to my children with minimal tax implications. Can you explain the basics of estate planning that I should make sure I have covered? I owe about $50,000 In my house, and about $45,000 on a rental property that I've had for several years. I have enough cash to pay off one of these but not both. Which one should I pay off?   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323  

A recent study analyzed Google Trends to find out what keywords are being searched the most and it revealed six financial topics that get queried the most. From income taxes to insurance, there's a pretty good chance that you've searched some of these as well.   On today's show, we'll talk about: What problems could you run into if you're relying on Google to do your planning? Insurance has so many types of policies so you have to be specific when looking. Searching for mortgages returns a lot of paid content. Problems you could run into when Googling just retirement accounts. What people are looking for when they search estate planning.   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832 520.618.5323

Today we'll talk about why a lot of people don't think about the need for long-term care despite the fact that it could be incredibly expensive. Plus, we'll discuss some of the different options for protecting yourself against the possibility of long-term care needs in retirement.   On today's show, we'll talk about: Where long-term care ranks on the list of priorities in retirement planning. Why most people don't take long-term care seriously until it affects them. How realistic is it to self-insure for LTC? Is long-term care insurance a good policy to have? Why life insurance is a good option for a lot of people for helping with LTC   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

Today we're sharing some qualities of money that you need to know as you plan for retirement. For example, do you know what three qualities of money should be represented in nearly every investment plan? Or how about this – what's the best single investment that achieves all three qualities at once? Stay tuned as we explain what these qualities are and why you need to know this crucial information as you prepare for for financial future.    On today's show, we'll share: What three qualities of money should you find in your investment plan? Is there a single investment that achieves all three qualities at once? Examples of different investments that achieve different qualities.   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com admin@silverman-associates.com Phone: 520.512.8832 520.618.5323  

Socrates said the unexamined life is not worth living. When it comes to financial planning, it's important to examine yourself by pondering some of these important questions. Today we'll get to the heart of the issues.   On today's show, we'll discuss: What financial issues keep you up at night? What do you really desire the most financially speaking? How much of a risk taker are you when it comes to money?   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com admin@silverman-associates.com Phone: 520.512.8832 520.618.5323

No matter what generation you're from, people of all ages have financial struggles – some more than others. On today's show, we'll dive into three generations – Millennials, Generation X, and Baby Boomers to look at the different ways they handle money and what challenges they often face.   On today's show, we'll share: What challenges do Millennials face? (1:40) What challenges does Generation X face? (3:10) What challenges do Baby Boomers face? (5:00)   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com admin@silverman-associates.com Phone: 520.512.8832 520.618.5323    

It's time for another mailbag episode! This episode could be very helpful if you're looking to improve your financial situation and prepare for retirement. We will discuss what to do if your life insurance policy starts charging premiums again, what to invest in that won't be so volatile, and when to take Social Security. Listen in as we tackle some current questions from our listeners, and you'll likely gain some invaluable insights to help you make informed financial decisions.   On today's show, we'll share: Why is my life insurance policy starting premiums again? (1:39) What can I invest in that won't be so volatile? (3:35) Should I take Social Security or withdraw from my retirement accounts? (5:28)   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com admin@silverman-associates.com Phone: 520.512.8832 520.618.5323  

Not everyone needs a financial advisor right away, but some people desperately do. Unfortunately, people can have a hard time understanding which category they fall into. We've met with many different clients over the years. During those discussions, we've been able to tell who urgently needs our help, who simply needs a little guidance, and who thinks they have it all figured out. Listen to today's show and find out what financial help you might need at different life stages, as Mark shares some first-hand insights on the benefits of financial planning.    On today's show, we'll share: Someone who thinks they don't need an advisor, but they really do. (2:15) Someone who thinks they need an advisor, but they really don't. (3:35) Someone who needs financial planning help but not necessarily investing help. (5:26)   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com admin@silverman-associates.com Phone: 520.512.8832 520.618.5323

In the complex world of financial planning, there are countless pitfalls one could fall into as you approach retirement. In this episode, we'll share some common mistakes we see people make all the time. Avoiding these crucial missteps can have a significant impact on the success of your retirement plan. We'll delve into these key issues and learn how to navigate them effectively when it's your turn to plan for retirement.    Here's what we'll discuss on today's show: Investing at age 59 the same way that you invested at 39 (1:56) Starting Social Security without a plan or strategy (3:03) Focusing on tax preparation, but not tax planning (4:33)   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com admin@silverman-associates.com Phone: 520.512.8832 520.618.5323  

Is there really such a thing as having predictable, guaranteed income in retirement? Maybe the question is really “guaranteed by whom?” In this episode, we'll discuss some of the retirement income sources that people might view as predictable but really aren't certain.   On today's show, we'll share: Is predictable, guaranteed income in retirement really a thing? (1:35) What are some examples of predictable income? (2:19) Why you need a diversified portfolio. (3:09)   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com admin@silverman-associates.com Phone: 520.512.8832 520.618.5323    

Today's topic may be a difficult one to consider, but it is a very important one at the same time. If you were to lose your spouse, what steps should you take to manage your finances? In today's episode, we are going to share some real-life examples and cover the most common questions and challenges we've seen clients face after losing a loved one.   On today's show, we'll share: What are the main questions people ask after their spouse dies? (1:16) What are the immediate challenges people face after their spouse dies? (2:47) We share a story about a widowed spouse who was left in a difficult position. (4:50)   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com admin@silverman-associates.com Phone: 520.512.8832 520.618.5323