Your Sweet Retirement with Josh Greenberg

It isn't difficult to come across things that are overrated in this day and age. Everything is promoted online, and algorithms draw us in.That being said, there are some things you may not realize are overrated, especially when it comes to finances. In this episode, we are going to discuss some of the financial scenarios that you may want to avoid.Check out what you'll learn in this episode: Here we share our thoughts on a shocking statistic we learned. (1:07)In some instances, tax advantages can be overrated. (6:42)We all love rates of return, but can they be overrated? (10:28)What you should know about commission-based investment accounts. (12:13)For more, visit us online: http://yoursweetretirement.com

I'm sure you have heard of the seven deadly sins, but have you considered how they affect your financial life? In this episode, we will touch base on each “deadly sin” and see how they hold some people back on their financial journey.Check out what you'll learn in this episode: ·      Is pride keeping you from seeking financial guidance? (1:10)·      Are you trying to keep up with the Joneses? Are you comparing your investments to other peoples? (2:51)·      What happened with GameStop is a perfect example of investors' wrath. (4:09)For more, visit us online: http://yoursweetretirement.com

Life insurance seems pretty straightforward at first glance, but there are some fairly common mistakes people make that can have a huge impact on you and your family.Imagine you have been divorced for 20 years and married to someone new for another 15. If you unexpectedly pass away but put off changing your beneficiary, your current spouse could be left without any financial assistance from you. Listen to learn some other life insurance mistakes to be aware of.Check out what you'll learn in this episode: ·      The most common reasons that life insurance lapses. (1:39)·      Why you should tell trusted family about your life insurance policy. (5:23)·      Why you should add a contingent beneficiary. (8:37)For more, visit us online: http://yoursweetretirement.com

Mental blocks can be a huge bump in the road for many people while financial planning. There are some common feelings many have encountered like fear or stress, but there are others you might not have expected.In this episode, we are going to talk about various mental roadblocks and the strategies we use to help clients through them. If you are struggling with a mental roadblock, give us a call and we can help you through yours as well.Check out what you'll learn in this episode: ·      Can optimism hurt you financially? (1:02)·      Has The Law of Triviality got you down? What trivial matters are distracting you? (5:17)·      Is the “Ikea Effect” causing you to place a higher value on a failed financial strategy? (11:14)For more, visit us online:http://yoursweetretirement.com For more, visit us online: http://yoursweetretirement.com

If you haven't hired a financial advisor yet, you may be wondering what it would cost you. There are different ways advisors charge their clients, but there can also be a cost to your portfolio by not hiring an advisor. In this episode we will be breaking down the different methods of payment to an advisor, what we feel works the best, and other costs to look out for. By the end of this podcast, you should have an idea of the ways an advisor can serve you, so you are making the most of your investments.Check out what you'll learn in this episode: ·      What is the cost of doing business? (1:06) ·      The pros and cons of the different ways to pay an advisor. (3:36)·      The unexpected cost you might encounter in the financial world. (5:51)·      How you can get a better understanding of the costs associated with your current collection of financial products. (8:28)      For more, visit us online:http://yoursweetretirement.com 

Most people don't realize how many types of risks they need to guard themselves against when it comes to financial planning. Some aren't even fully aware of the current risks they are taking!Inflation rates may have you taking another look at your investment strategies. In this episode, we touch base on what you need to look out for as you reassess your current plan to protect your future. Check out what you'll learn in this episode: ·       What is market risk and how do you deal with it? (1:24)·       Why you should be aware of interest rate risk. (4:00)·       High inflation could mean you need to reassess your retirement plan. (5:06)·       Longevity risk: Will you outlive your money? (7:19)For more, visit us online:http://yoursweetretirement.com 

Financial planning looks different for everyone as does our communication and interactions with people.  Our meetings are designed to fit the needs and the personality style for each client, and while that's not too different from person to person, there are a few distinct approaches. On this episode, we'll take you inside the office and walk you through a typical periodic review we have and use examples for different types of people we work with. Check out what you'll learn on this episode: ·      What we discuss when a client is really into the data and numbers.  (2:33)·      Where we focus when someone is family-focused and wants to leave a legacy.  (3:08)·      How we guide someone that takes a hands-off approach with their money.  (5:37)·      Working with people that have anxiety about money. (9:38)For more, visit us online: http://yoursweetretirement.com 

Which do you like hearing first: the good news or the bad news?  Hopefully, you aren't receiving much bad news with your finances but there are specific situations where we can find a little of both. On this episode of the podcast, we're going to discuss these scenarios and talk about why the good doesn't always outweigh the bad.  Check out what you'll learn on this episode: ·      The two reasons we often see for people that pay more in fees on their money. (2:33)·      Why you don't want to depend on Medicaid for long-term care in retirement. (3:57)·      The conversations we're having with clients right now that are concerned about the bear market. (6:50)·      Why people have been calling about their 401(k) a lot recently. (8:23)For more, visit us online: http://yoursweetretirement.com 

Coming in to meet an advisor for the first time can be a bit nerve-wracking. So, on today's episode, we'll break down what the first visit with us looks like and what you can expect to learn. You have to be open with your advisor and you need to be willing to listen to their advice. We want to tell you what your situation is in a realistic way that gives you the best benefit moving forward with your financial plan. Key topics on this show:1:07 – How hard is it to get prepared?3:44 – Do you have to be stern?4:46 – What do you ask in the first meeting?6:18 – Common issue you end up pointing out 7:33 – How often do you tell someone you can't help them?10:24 – People often say what after you visit? More information:Website: https://yoursweetretirement.com/Call: 800-321-3867

We're talking all about Medicare on today's show because we get questions quite often about this healthcare program. Before you make any decisions on coverage, it's important to understand everything about Medicare because it's unlike any other plan you used while working.  Key topics on this show: 0:53 - Medicare isn't simple1:50 - Seeking expert help4:10 - Coverage options5:29 - We're not concerned with personal affairs7:13 - Traumatic life events9:10 - One important thing to knowMore information: Website: https://greenbeeinsurance.com/Call: 800-321-3867

It's been said you can eat food that's healthy, cheap, or easy but you can't get all three at once. At best you can get 2 out of the 3. Maybe you can go out to a restaurant, it's easy and maybe healthy but it's not going to be cheap. Is retirement planning and financial investing the same way?It's similar with your money. With investments, you can choose safety, growth, or liquidity. Cash is safe and it's liquid, but it's not growing meaning you're probably losing money to investments. Stocks are growing and liquid, but you have to be prepared for market downturns. Annuities are safe and growing, but not liquid. Therefore, it's about finding the right healthy mix and making a plan that we are comfortable with in the long term. Key Points: 0:51 – Safety, growth, liquidity 4:40 – You don't seat yourself More information:Website: https://greenbeeinsurance.com/Call: 800-321-3867

What valuable lessons can we learn from one of the most successful investors of all time, Warren Buffett? He once said, “Someone is sitting in the shade today because someone planted a tree a long time ago.” This is a great financial proverb; your retirement savings didn't appear overnight. It took strategic planning and growth to get you to your retirement goals. Buffett also once said, “Risk comes from not knowing what you're doing.” While this is true, risk is always going to be there. You just have to learn to navigate it and make the decisions that are best for your portfolio and plan. Join us today as we break down some more Warren Buffett quotes and what we all can learn from him!  Key Points: 0:34 – Riding shotgun 2:03 – A tree was planted a long time ago 2:52 – Risk comes from not knowing 3:51 – Price is what you pay, value is what you get 5:58 - The best move in poker is a fold7:20 – Rule #1: Never lose money 8:33 – The review mirror is always clearer 9:20 – What happens when you work with an advisor?More information:Website: https://greenbeeinsurance.com/Call: 800-321-3867

There are a lot of financial sayings out there, things that you've probably heard your whole life. So what does a financial advisor make of these proverbs and are there any lessons to learn from them? A bird in the hand is worth two in the bush could apply to us learning to be content with what we have. At some point in your financial journey, you have to learn to shift from an accumulation to a preservation mindset. A rising tide lifts all boats, meaning if you're invested in the market and it goes up you are making money. But this proverb also applies when the market goes down. On today's show, we'll break down these financial proverbs and garner some valuable information about investing and retirement.  Key Points: 0:48 – A bird in the hand is worth two in the bush 2:02 – A rising tide lifts all boats 3:10 – Don't put all your eggs in one basket 5:39 – One's man trash is another man's treasure More information:Website: https://greenbeeinsurance.com/Call: 800-321-3867

When it comes to financial planning, everyone deals with pain points that cause worry and uneasiness. We see it all the time and that's why we build plans that address the pain points specific to your individual needs. There's a good chance that you'll be able to relate to a few of these on the show today because they are the most common problem areas we see from people that come into our office for the first time. We'll tell you why they cause pain for retirees and what you can do to get ahead of these areas so you can retire with confidence. Key Points: 0:46 – Running out of money in retirement1:54 – Taxes 3:49 – Long-term care 5:15 – Replacing a paycheck 7:28 – When is the market crash?8:54 – Easing that uncertainty More information:Website: https://greenbeeinsurance.com/Call: 800-321-3867

When it comes to retirement planning there are a lot of myths out there. On today's episode, we are going to break down some common financial myths and what you should be focusing on instead when saving for the future. If a plan is complex and weighs a lot, is it a better plan? Josh wants his clients to feel confident in their plan and confidence comes from understanding that plan. If you want a simple retirement, you probably don't need a complex plan. Many people think they only need a will, but that's not necessarily true. Trusts and estate plans can save your family a lot of time and stress. What other financial myths are out there and how can they mislead you? Listen to the full podcast or use the timestamps below to jump to a specific section.0:56 – Complex plans are better 3:06 – You only need a will 4:04 – My spouse will be okay 5:41 – When I retire, I need to shift to bonds More information:Website: https://greenbeeinsurance.com/Call: 800-321-3867

As we approach another tax season, we get many of the same questions while people are preparing to send in their documents to the IRS.But tax planning starts well before it's time to file. On this episode of My Sweet Retirement, we want to share some of the questions that come up this time of the year and then talk about the ways you can position yourself for retirement in the most tax-effective way possible. What's important to understand is that a financial advisor has a different role to play with your finances than your accountant. Most accountants are historians in the sense that the document the finances over the past year and relay that information to the IRS. The one thing that we've noticed many people don't do is get a gauge of where you stand in December. That's not the accountant's job to do, but it's what an advisor should be assisting you with. For example, there might be some stocks you want to sell off and realize gains or losses to help you get the best outcome once April arrives. On any given year, you might have room to increase your income before the next tax bracket takes effect. This could be an opportunity to withdraw more out of an account without having to worry about how much more it might cost you. The other way that many people are tax planning for retirement rather than taking a short-term approach is by focusing more of their efforts towards a Roth. Whether you're contributing to a Roth IRA or using a Roth conversion, taking advantage of low tax rates today might pay off exponentially in retirement when you can withdraw that money without having to pay a dime on capital gains. Tax planning is a year-round effort and something a comprehensive financial plan will take into account. By working with an experienced advisor, you can actually save yourself more money over your career and see the fruits of that planning once retirement rolls around.If you have any questions or want to learn more about tax strategies that might benefit you, schedule a meeting and we'll start that process with you. Listen to the full podcast or use the timestamps below to jump to a specific section.0:36 – Common tax questions1:22 – Tax issues to get ahead of 2:34 – Don't pay more than you have to 4:18 – Assuming taxes will be lower in retirement 5:51 – Tax planning strategies 7:33 – Client example 8:41 – What our meetings consist ofMore information:Website: https://greenbeeinsurance.com/Call: 800-321-3867

Welcome to the first episode of Your Sweet Retirement where we will be exploring the information you need to know to effectively reach your financial goals, so your retirement can be sweeter than honey! On this inaugural episode, we'll be introducing your host Josh Greenberg and getting to know him and his financial philosophy a little bit better.His passion for helping people with their finances started way back in college when he learned about the Rule of 72. Today, Josh is a financial advisor with Green Bee legacy where he's able to help people reach their goals with a thorough financial plan. While some people have great products, they don't always have a great plan and Josh is hoping to help those people prepare for the future.For our clients, having a financial plan means you are informed and knowledgeable about how your money is working and what your future will look like. Not only do we want to ensure you'll make it through retirement, but we also want to make sure both spouses are protected if something were to happen to the other.With the volatility of today's world, it's always nice to have a trusted person in your corner and that's exactly who Josh is for his clients. He's been doing this a long time and has been able to help a lot of people feel safer and more confident in their retirement planning journey. We want you to have a truly sweet retirement and this podcast will help you gain the knowledge and confidence you'll need for a bright financial future. We will be back next week as we start our financial conversation with you!Listen to the full podcast or use the timestamps below to jump to a specific section.0:36 – Introducing your host! 1:39 – Learning about the rule of 72 2:42 – How we are helping our clients 4:07 – Best part of being an advisor5:07 – Josh has been doing this a long time6:14 – Creating a comprehensive approach 7:09 – What does Josh like to do on the weekends?9:14 – Who does Josh hope to reach?9:54 – Who is his typical client?11:18 – Check out the radio show 12:15 – Check us out on YouTube12:48 – Legacy and estate planning 14:07 – We're going to cover a lot on this podcastMore information:Website: https://greenbeeinsurance.com/Call: 800-321-3867