Podcasts about secure retirement

Falar de dinheiro é um tabu para nós: um estudo do banco Merrill Lynch revelou que 61% das mulheres preferem discutir a própria morte a falar sobre dinheiro. Isso nos leva a um outro dado preocupante: nos EUA, 50% das mulheres com mais de 80 anos vivem na ou abaixo da linha da pobreza, segundo uma pesquisa da WISER (Women's Institute for Secure Retirement). Se no país mais rico do mundo é assim, imagine aqui. Para tirar esse medo da sua frente, nosso entrevistado deste episódio é Carlos Castro, CEO da SuperRico, uma rede de franquias de planejamento financeiro. Carlos ensina as duas regras fundamentais para a gestão de finanças. A primeira é: divida sua poupança em três momentos — o curto prazo (dinheiro para emergências, pensando num horizonte de 2 anos), o médio prazo (de 2 a 5 anos, é o dinheiro para realizar um sonho) e o longo prazo (sua aposentadoria). Feito isso, entenda que os investimentos, não importa o que seu gerente queira vender-lhe, se dividem em três categorias: renda fixa (baixo risco), renda variável (alto risco) e multimercados (combinação dos dois). E para saber se seu investimento está correto, compare-o com a inflação. "Se seu dinheiro está crescendo mais que a inflação, não precisa ficar fazendo mudanças o tempo todo", diz Carlos. "Ficar fazendo mudanças desnecessárias só interessa ao banco."

In this episode, Garry Thurman and Bobby Futch discuss the current market challenges faced by pre-retirees, emphasizing the importance of having a solid financial plan. They explore the implications of recent market fluctuations, the necessity of understanding tax impacts on retirement savings, and the critical role of Social Security in retirement planning. The hosts advocate for a proactive approach to financial planning, including the use of a bucket system for investments and the importance of maximizing Social Security benefits. If you have any questions about your retirement planning call Guardian Investment Advisors 800-517-1575 or click here to visit our website. Planning, Retiring, Saving, 401K, IRA, TSP, 403B, TaxesSee omnystudio.com/listener for privacy information.

In this episode, we explore critical areas where procrastination can lead to unexpected challenges in retirement. By addressing these issues early, you can ensure a more secure and comfortable future:​ 1. Tax Planning: Delaying tax strategies can result in higher liabilities during retirement. Proactive planning helps minimize taxes on withdrawals and investments, preserving more of your savings. ​ 2. Long-Term Care: Many underestimate the likelihood of needing long-term care, which can be costly. Early planning, including considering insurance options, can protect your assets and provide peace of mind. ​ 3. Home Maintenance: Neglecting regular upkeep can lead to significant expenses down the line. Addressing repairs promptly maintains your home's value and prevents larger issues during retirement.​ 4. Retirement Account Withdrawals: Without a clear strategy, you risk depleting your savings too quickly or facing unexpected tax consequences. Understanding withdrawal rates and tax implications is crucial for sustaining your income. ​ 5. Estate Planning: Postponing the creation of a comprehensive estate plan can lead to legal complications and unintended asset distribution. Establishing wills, trusts, and powers of attorney ensures your wishes are honored and your loved ones are protected. ​ By taking action in these areas now, you can prevent future discomfort and secure a more predictable and comfortable retirement.​ >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialpodcast.com Find us at: https://www.providencefinancialinc.com Get to know Anthony: https://anthonysaccaro.com Anthony's book: https://morelifethanmoneybook.com Amazon Author Page: https://amazon/author/anthonysaccaro YouTube: https://www.youtube.com/c/AnthonySaccaro/featured Radio: https://www.providencefinancialradio.com Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills Facebook: https://www.facebook.com/Providence.FinancialInc/ Twitter: https://twitter.com/AnthonySaccaro LinkedIN: https://www.linkedin.com/in/anthonysaccaro/

In this episode of Financial Safari, Coach Pete and his team dive into the financial habits that shape different generations — from Boomers to Gen Z — and reveal the smart strategies everyone should use to build a rock-solid retirement plan. They break down key tips on investment diversification, tax-saving tactics, and avoiding common retirement mistakes that can drain your savings. Whether you're just starting out or fine-tuning your golden years, this episode is packed with practical advice to help you stay ahead of inflation, healthcare costs, and financial uncertainty!See omnystudio.com/listener for privacy information.

In this episode of The Finance Geeks, Paul Cleworth and Warren Shute set forth on a mission to unravel the art of securing retirement income. With a clear and methodical approach, they explore the fundamentals of retirement planning—delving into cash flow management, optimal withdrawal techniques, and tailored investment strategies that resonate with both financial planners and individuals alike. The discussion covers essential elements of pension strategy, from understanding tax advantages and contribution limits to mastering carry-forward calculations and the benefits of salary sacrifice. Paul and Warren break down these complex topics into practical insights, ensuring that every aspect of your retirement plan is both robust and adaptable to changing needs. Join this journey as they share actionable strategies and innovative approaches to build a resilient retirement income plan. Whether you're advising clients or planning your own future, this episode equips you with the knowledge and tools necessary to secure a confident financial outlook for your retirement. ========================== Chapters: 0:00 - Intro 6:30 - The Focal Point: Strategies and Insights in Securing Retirement Income ========================== Follow us our our social media channels: Instagram: https://www.instagram.com/thefinancegeekspodcast/ X: https://twitter.com/TheFinanceGeeks YouTube: https://www.youtube.com/@thefinancegeeks ========================== This show is designed to be informational only and does not constitute investment or financial advice. Please contact a regulated financial adviser before taking any specific action. ========================== #retirementplanning #incomesecurity #financialadvice #cashflow #investmentstrategies #clientmanagement #withdrawalstrategies #financialindependence #retirementincome #personalfinance #withdrawalstrategies #retirementincome #cashflow #financialplanning #sequenceofreturnsrisk #pensionchanges #taximplications #clientcommunication #investmentstrategies #retirementplanning

On this episode, Anupam chats with Manish Alagh, Head of Tied, Wealth, Insurance Manager & Direct Marketing Channels at Kotak Life Insurance. They explore the latest trends in the life insurance industry, discuss innovative products, and uncover effective retirement planning strategies. Learn about annuities, when to consider them, and how to build a strong financial foundation for a steady post-retirement income. Manish also shares his insights on the insurance vs. investment debate and clarifies taxation concerns related to insurance and mutual funds. Tune in for a comprehensive guide to securing your financial future!Get in touch with our host Anupam Gupta on social media: Twitter: ( https://twitter.com/b50 ) Instagram: ( https://www.instagram.com/b_50/ ) LinkedIn: (https://www.linkedin.com/in/anupam9gupta/ ) You can listen to this show and other awesome shows on the IVM Podcasts website at https://www.ivmpodcasts.com/ You can watch the full video episodes of PaisaVaisapodcast on the YouTube channel. Do follow IVM Podcasts on social media. We are @ivmpodcasts on Facebook, Twitter, & InstagramSee omnystudio.com/listener for privacy information.

Lesley Logan dives into financial independence with Steve Selengut. Discover actionable insights on managing your portfolio, minimizing risks, and building income-producing investments. Steve shares decades of expertise to help you achieve financial security and freedom.If you have any questions about this episode or want to get some of the resources we mentioned, head over to LesleyLogan.co/podcast. If you have any comments or questions about the Be It pod shoot us a message at beit@lesleylogan.co. And as always, if you're enjoying the show please share it with someone who you think would enjoy it as well. It is your continued support that will help us continue to help others. Thank you so much! Never miss another show by subscribing at LesleyLogan.co/subscribe.In this episode you will learn about:The meaning of income independence and why it matters.Breaking down portfolio basics for beginners.How to use diversification to minimize financial risks.The value of income-producing investments like dividends and bonds.Why emotional decision-making can hinder financial growth.How to vet financial advisors and ensure alignment with your goals. Episode References/Links:Steve Selengut's Website - https://theincomecoach.netRetirement Money Secrets by Steve Selengut - https://a.co/d/caqcgnTVetting An Investment Advisor - https://beitpod.com/articleGuest Bio:Steve Selengut is a 40+ year professional investment manager, advisor, RIA, and IAR who now coaches both individuals and fellow advisors on creating what he calls “income independence.” He wrote Retirement Money Secrets, his second book, which uses a conversation-style narrative to guide readers from chasing market value to building sustainable portfolio income. A former private investment manager for 44 years, Selengut personally oversaw around 325 individual portfolios in the U.S. and abroad. Drawing on a “department store” metaphor, he treats each portfolio asset like “merchandise on a shelf,” taking strategic profits while reinvesting for consistent growth. Selengut retired from day-to-day portfolio management in 2022, devoting himself to a coaching practice that frees investors from market-driven stress and uncertainty. He remains one of the few investment authors who have directly managed other people's money. If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox.DEALS! DEALS! DEALS! DEALS!Check out all our Preferred Vendors & Special Deals from Clair Sparrow, Sensate, Lyfefuel BeeKeeper's Naturals, Sauna Space, HigherDose, AG1 and ToeSoxBe in the know with all the workshops at OPCBe It Till You See It Podcast SurveyBe a part of Lesley's Pilates MentorshipFREE Ditching Busy Webinar Resources:Watch the Be It Till You See It podcast on YouTube!Lesley Logan websiteBe It Till You See It PodcastOnline Pilates Classes by Lesley LoganOnline Pilates Classes by Lesley Logan on YouTubeProfitable Pilates Follow Us on Social Media:InstagramThe Be It Till You See It Podcast YouTube channelFacebookLinkedInThe OPC YouTube Channel Episode Transcript:Steve Selengut 0:01  It doesn't matter what the stock market is doing. It doesn't matter what interest rates are doing. It won't impact your income, your ability to live your life the way you want to financially. Lesley Logan 0:14  Welcome to the be it till you see it. Podcast where we talk about taking messy action, knowing that perfect is boring. I'm Lesley Logan, Pilates instructor and fitness business coach. I've trained 1000s of people around the world, and the number one thing I see stopping people from achieving anything is self doubt. My friends, action brings clarity, and it's the antidote to fear. Each week, my guests will bring bold, executable, intrinsic and targeted steps that you can use to put yourself first and be it till you see it. It's a practice, not a perfect. Let's get started. Lesley Logan 0:52  All right, Be It babe. Here's the deal. We're gonna talk money. I say it straight up on the interview. It's good stuff. Don't be scared. He is going to say words you may not know or you've only heard of, and you usually nod along when you hear about it, but he doesn't talk nearly as fast as I do, so he's gonna absolutely inform you in the best way about how to manage your retirement, how to not even to your retirement, how to manage your portfolio so that you can retire. This is a whole different conversation than what I've had in the past about money investment. That's a new way of looking at it. Honestly. I've never heard of it before, so I have a lot of, I have, like, notes that I'm like, okay, I gotta go research this. Gotta research this. I already have committed to doing the Be It Action Item. And the reality is, it's like, I want you to have whatever you want in this world, and money isn't a bad thing, right? Shitty people with money can be a bad thing, but you're an amazing person who listens to this podcast. You deserve to have portfolios that support you, so that you can support the people that you love, because I know how generous you are. You know, they actually have proven that when women have money, they actually put it back into the community. They support other people. And so I want you to have as much as you want and more than that, so you can continue to do that and be the amazing person you are and have the impact you want to make on this world. But first, let's educate ourselves. So here is Steve Selengut. Lesley Logan 2:15  All right, Be It babe, we're gonna talk money, and I think I'm just gonna stay it right there. Do not fast-forward, skip this episode. I know no one like money, but we have to talk about money and being it till you see it. If you've ever been like, I just want to be good with money. I'm so excited for our guest today. His name is Steve Selengut and he is actually going to help us, really, he's going to demystify all this stuff that you hear. I mean, we hear negative stuff about the economy, we hear negative stuff about the stock market. And I'm really excited because Steve's going to help us understand not all bad things are bad, and how they can be good, and also how we can really take a charge of our money and our retirements the way he has for so many. So Steve, will you tell everyone who you are and what you rock at?Steve Selengut 2:53  Sure. Thank you. Good to be on your program. My name is Steve Selengut, like you said, and I guess I'll leave it with what I was for about 45 years. I was professional investment manager where I made all the investment decisions for about 135-145 families, and ran about $110 million for them. Our objectives were always to put them in a position where they were, what we used to call it, income independent, that their portfolios generated all the income they needed to get their lives done, whatever that happened to be, whatever they wanted to do, you know, depending on themselves. Now I'm an income coach. I sold my business last May 23. Lesley Logan 3:45  Wow. Steve Selengut 3:45  A little more than a year ago, and started a coaching business. So now I teach people had to do that. I can't actually do it for them anymore, which is fine for me. Fine with me. I look at their portfolios and I try to put them on a path to what I call income independence. And it's something, it doesn't matter what the stock market is doing, it doesn't matter what interest rates are doing, it won't impact your income, your ability to live your life the way you want to financially. Okay? So that, I think that's a big thing. I mean, I've enjoyed being in that situation for a long time, and I know a lot of people are also there, but I also know there are hundreds of people out there that are really, you know, coming towards the end of their career, and they're saying, you know, I don't think I can replace my six figure income from my investment portfolio?Lesley Logan 4:44  Yeah, yeah, no. I mean, that's one of the reasons I like to talk about this. Is because, first of all, so many people aren't taught about investment portfolio. I think the word portfolio might even need to be deconstructed for some of our listeners. And by the way, if that's you, don't be embarrassed. This is not taught in schools. They don't teach this. And I happened to when I was working for a high-end fitness company as a Pilates instructor, my trainer was like, oh, did you get on the 401(k)? And I was like, we have a 401(k)? And he's like, you have to get on there and you should just ask, like, they'll match the max. Just do that. And I was like, okay, that was my money advice in my 20s, was with my trainer at work. And then when I did reach out to someone who could help me, because someone said, oh, this person's helping with me with my portfolio, I was like, okay. I found out after six years of them doing it, that they had me as if I was an 80-year-old. There was no aggressiveness. A snail is more aggressive than what they were with my, so then I got really frustrated, because I'm like, I don't know enough to know that someone's screwing up with my money. And so I think we all would love to be income-independent. But also some people, especially after the pandemic, even though we're several years out now, some people had to rely on their retirement, so they're kind of starting over. So can you, first of all, break down what a portfolio is and then also kind of talk about, if you're someone who's where the income in (inaudible) is so far away, what are some things you need to know or should be thinking about?Steve Selengut 6:11  I can try. A portfolio is really all your investment accounts, your IRAs, Roth IRAs, 401(k)s, speaking of 401(k)s, you'd be surprised how many people don't even realize they're investing in the stock market. 401(k). They just think it's a 401(k) is the investment. But all of those things put together your personal accounts, if you set aside money for your kids already and education stuff like that. That's all part of your investment portfolio. Lesley Logan 6:41  Okay. Steve Selengut 6:41  Doesn't include your fancy jewelry and your cars and your stuff like that. Lesley Logan 6:46  Okay. Steve Selengut 6:46  So there's two types of securities, two general classes of assets that would be in a portfolio, and those are equity-based, where you own an interest in a company that would be a stock. You know? Anytime you want to share a stock, you are an owner of that company. They may not treat you like an owner, but you are. And then there's the other class of securities or securities you're in, mainly because they produce income, and those can also be dividend stocks, which produce some income. Some funds do as well, but what's inside is usually bonds, preferred stocks, mortgages, things of that nature, that are really, they're there. Your main purpose is to get income from them. So the combination of the two, like you alluded to, was, you know, when you're younger, it's okay to have more of an exposure to the ownership side of things, stocks, than when you get to be, you mentioned, those people that are 80, well, I'm only a few, six months away from that. Lesley Logan 7:57  No way. Stop. You guys have to be watching YouTube right now. No way.Steve Selengut 8:01  But, you know, you, at my age, my account still contains 35% in the stock market, but mainly because the kind, the way I invest in the stock market is also in income-producing securities that just happen to be invested in stocks, and the type of securities that I use are not very well known. You'll never find any in your selection universe for a 401(k), for example, but a lot of people have discovered their use in IRAs and things like that, because they're actually managed to produce income and to give it to their shareholders. Whereas stocks, the company's management is there to make a lot of money and to grow its influence and size, not to give a lot of money back to its shareholders. Mutual funds are there to gain market value. That's their primary objective, because people feel good when their bottom line is high. And the same with ETFs, their focus is on growing the market value. The dilemma, as you again, you mentioned the crisis around COVID, when the market really crashed for a couple of months, fortunately or unfortunately, when we get done with this conversation, you will agree with me that if it stayed down longer, it would have been better. You know? So, you know, so that kind of thing happens, but when you're focused totally on market value, that becomes very painful and very scary, because when the market value goes down, you know, that's what you're, what you're all about, whereas in my eyes, when the market value goes down, I recognize that the securities I have are going to pay the same income, irrespective where the market or interest rates are going. So I see it as an opportunity to add to those securities at a lower price, therefore increasing my income percentage.Steve Selengut 8:34  That makes sense to me. Like, you know, someone we work with, they're like, okay, it's an election year. Here's what you can expect. It's gonna go down. It always does. Doesn't matter who's in office, of go down, and then that's when we can invest more, because you can get it for a lower and I was like, oh, okay. Steve Selengut 10:23  Okay, that's, that person has the right mindset, a similar mindset to the one I have as an income investor as so that's what a portfolio is. That's what its content is. And everybody says they talk on radio shows and stuff, but all the uncertainty is way up here. It's so high.Steve Selengut 10:44  Is there ever certainty? Lesley Logan 10:45  I know. Steve Selengut 10:46  There's never, ever certainty. Lesley Logan 10:49  There isn't. I know. And everyone's out there like pretending like the past has certainty in it. If we all looked back at how we're feeling, it was pretty uncertain. I've heard you talk about how a portfolio is a department store or like, a shopping center. Is that what you mean we have these different area, like, different types of things that can go in the portfolio. Is that what you mean by a department store or a shopping center? Steve Selengut 11:13  You're good. Exactly, exactly. You have to, my mindset, I, and I guess we have to realize there are thousands of different types of stocks, all different sectors, healthcare, every different imaginable sector, then there is international. We are, regardless of what anybody tells you, a global economy. You know, we rely on China, even though they're angry at us all the time, and we're the same with them. It's a global economy, and you have to position yourself with this portfolio so that you own a little bit of everything. You have a presence in each place. It's difficult to do if you're just doing individual stocks, because it requires a lot of money to have all those different things, right? But when you use income-focused funds that I use, which are called closed end funds, and we can get into more with what they are, but you can get them in all shapes and sizes, all sectors, all focuses, income or equity. So that's what I use. And like you said, I think of them as merchandise on the shelves in my department store, you know, and I set a target markup which I'm comfortable with that profit, and I'll sell that merchandise because I know I have this unlimited supply of others to replace it with on my shelves. And that's exactly how I do it. I say, okay, I got a 5% markup. That would be nice if you had that in department stores, by the way, instead of 15, a 30% markup, 5% markup, somebody wants to buy it for a 5% profit, I'll take the profit and I'll add something else, and I just do that over and over and over, and I just replace them all, because once you are experienced enough to judge their quality, their amount of risk involved in different types of securities. You get comfortable with this. I call it a selection universe. Lesley Logan 13:10  Yeah.Steve Selengut 13:11  Comfortable to the extent that it doesn't matter which one you use, which product you put back on your shelf.Lesley Logan 13:17  Yeah. And I like the visualization of it, because I think, and you know, you guys, it's okay to hit pause, look something up, you know, and come back to this, because it can be overwhelming. But also, if we think about a department store or a shopping center, no one actually goes to a shopping center that has five shoe departments. They want a shopping center that has, oh, it's got the shoe department, it's got the pro, I'm going there because I can get the grocery, I can get groceries, I can get gas, I can get these things, and so more people are attracted to that. It can do really well, because, in case you don't need shoes, you're still going to the shopping center. There's still going to be something doing well. Am I describing your analogy correctly? Steve Selengut 13:50  Yeah, yeah. And what is the biggest thing that brings you to a shopping center or an individual store? What brings you there? Lesley Logan 13:59  Something you need or. Steve Selengut 14:00  Yeah, but, sale. The sale.Lesley Logan 14:04  The sale. Yes.Steve Selengut 14:05  There's another part of this analogy, when prices are down their bargains, the same stock market. When the price of Microsoft goes down as short a time as that thing's been in business, unlike Exxon or some of the other healthcare companies, every time it's gone down in price, it's always been an opportunity to buy it and then to be able to sell it. Most people don't sell. Lesley Logan 14:30  Yeah. We can get into that. So you mentioned risk, and I think, like one of the things that makes it difficult for some people, some listeners, to kind of get involved in their portfolios more is like the idea that you don't know enough to know what you're doing. Steve Selengut 14:48  Right. Lesley Logan 14:48  And also to kind of learn, you said, you should get experience with the risk of it, the experience could cost you money. And I think some of us, going back to certainty, were like, ah, I have this money, though. So I would just rather hold on to this than "lose" because if we go off of what you've said, if we actually stick with what is known is that the longer you're in there, it always ends up up guys. So it's almost feels like you're learning on your own dime, and you can lose a lot of money. And I think people get scared.Steve Selengut 15:17  That's the way. That's true of most people's entry into the marketplace, and when they get started, and that's a lot of what eventually leads them to a financial advisor to help them with that, especially when the size of their investment gets bigger, and it's scarier if you were to lose it, like, you know, oh my God, as you get older, how am I going to rebuild if I get these losses. In the book that I wrote after I sold my business, it's called Retirement Money Secrets, it spends a lot of time on six principles of investing, and four of them are risk minimization tools. When you're looking at a security, it doesn't matter if it's one of those regular stocks in the New York Stock Exchange or on any of the markets. You're looking at any security, you want to judge its quality. You want to come up with a way of determining what its quality is. And what I look at is things like, how long it's been in business. Is it profitable? Does it pay me a dividend as an owner? I mean, the chief executives getting $12 million a year. If I'm not getting the dividend, that doesn't seem right to me. I'm an owner. Lesley Logan 16:30  Yeah. Steve Selengut 16:30  I'm paying his salary, theoretically. Lesley Logan 16:33  Yeah. Steve Selengut 16:33  So that type of thing. So there are things you can look at to determine the quality. How long it's been in business is a big one. Then the next one is diversification. When I set up a portfolio, even if AI is crazy hot right now, you don't want a portfolio that's all in AI. I mean, Buggy Whips used to be the biggest thing, you know, years ago. So, you know, you just, so you have to diversify. Yeah, I have AI, but I also have everything else. So diversification is a second way to minimize your risk. The third way is to make sure everything you own pays you income. There's two reasons for that. First, you deserve it, and secondly, it's a clear way of knowing if there's something wrong with the company. No corporation wants to cut their dividend, that's why they're so reluctant to start paying dividends in the first place. But what if something happens? They have to cut it. It's a sure sign that they're in trouble. So that's why we want to have something that pays a dividend, because we want to know when they get in trouble. And if they cut their dividend, they can't keep it from us. And it's the same with bonds and things like that. They have to pay that regular interest every six months, and if they don't, everybody's going to sue them and they're going to be gone. So income is a very important thing for that and for the fact that you then have the wherewithal to take advantage of opportunities in the market, because you have income coming in, many people make the mistake of automatically reinvesting their income into the same securities. It's a big mistake, because then they don't have that luxury of having money that they can put back into Microsoft when it goes down, or put back into Exxon when it goes down, that type of thing, or pay a bill, buy Christmas presents, whatever. Those are the big three. And then the fourth one, and this is where most people fail miserably. It's a function of emotions. They fall in love with securities that go up in price. They just totally fall in love. They get convinced, I'm just going to keep adding to this one and adding to this, always goes up. It's wonderful. It's so green on my whole portfolio looks beautiful because this one security, or these three securities, are up so much. But then they go down. Then you have a COVID, then you have a dotcom bubble. Were you?Lesley Logan 19:05  Oh, I was around. I wasn't investing. I was alive. But I do remember, I do remember the year where the Super Bowl commercials were all dotcom commercials, and they were terrible. They were awful. And then when they and then they collapsed, and everyone was pissed, yes.Steve Selengut 19:21  Well, I remember the first Super Bowls when Green Bay was, the very first ones.Lesley Logan 19:27  Oh, the very first Super Bowls. There was no ad.Steve Selengut 19:29  My first, my first market correction, big one, was the crash of '87th. You know, it's interesting about the crash of '87 because it wasn't AI and it wasn't high-tech, but it was the first time when they started using computers in the stock exchanges. In the very, very old days, you never had a day where, where a million shares were traded in one day. The Dow was, I don't even know, was at 1000 back in '87 you know? But what happened was they started to put in these programs where people could trade on like a signal would come off, you know, this one went down that triggers a cell. And to me, I was pretty certain little I knew about automation, but it was just a computer loop, because if you you say, okay, you're going to sell, it goes to this level, and everybody sells. And then the mob hears about it, and they start to sell. It goes to the next level, the next level, next level. Lesley Logan 20:29  Right. Steve Selengut 20:30  And it was across the board. Everything was down. It wasn't just tech, it wasn't just this everything. Lesley Logan 20:36  It was just that, you know how the birds, like, they take off, they all fly together. It's kind of like everyone kind of goes, oh shoot. I must, everyone freaks out the same time, because somebody like. Steve Selengut 20:46  Everybody freaks out the same time. And that's how the stock market, everybody does freak out at the same time. Lesley Logan 20:51  Well, that's how the depression was. Everyone went to the banks to take somebody out at the same time.Steve Selengut 20:56  Run on the bank, right? Yeah, those days there was no protection. Lesley Logan 21:00  Yes. Steve Selengut 21:00  You didn't have all those controls and protections that we have now in our bank accounts and our.Lesley Logan 21:06  I just listened to an episode about Sam Bankman-Fried of how did he do what he did? And like, people lost their life savings. And whenever I hear of them, I'm like, you put all of your life savings in one thing? Like, not that you're deserving. No one is deserving of that. But also, I'm just like you put your life savings in one thing? And what's interesting is, whoever took over, they've actually been able to replenish and pay people back, which I think is amazing that they're very lucky. But I love that you brought up these different risk minimizers, because it does mean, like, things can go up and things can go down, and you're gonna be okay. But there's a part of my brain, and that is like the listener in here, going, how much time does this take every day? Because, how much time do I have? Because if I have a job and I've got, like, if someone wants to be it until they see it and be in charge of all these things, how much time do they need to spend on looking at their portfolios, or do you suggest they don't?Steve Selengut 22:01  Oh yeah, no, absolutely. If you're going to run your own portfolio, you better be there to, you can, well, there's two ways of looking at it. There's two streams of income that you can have in investments. The one is the regular distributions, bonds, stocks, whatever pay. And you get that on a regular basis, and maybe once a month, you see how much your cash position is, and you decide what to reinvest it in. So you can be pretty passive with it. And that's one stream of income. And right now in closed-end funds, I mean, even in those that are invested in the stock market, this is what I'm talking about, the spreadsheet with all these things on it. There's 100 of them that I look at and that I own that are yielding over 99% and they've all been tested for, like, quality diversification income, and I do the profit-taking myself. But if you could have a diverse portfolio like this made up of diverse portfolios themselves, you can be very passive, if you choose to. And you know, the income is going to come in at 9% and let's say you've got a million dollars. So that's what 90 grand a year you're going to make. Is that going to be enough for you? You make that decision, you know? So if it is, yeah, you can be as passive as you want to be, but then you have somebody like me who hasn't quite seen all of the world yet, and I'm determined that, while I can still walk, I'm going to see the world, the whole world. So I need more than just that base income is what I call as base income. Yeah, I need more than that, and I know how to get that, because I'm looking, I know how the market works, but I don't know when things are going to happen, because nobody does, but it's a cyclical beast, right? I mean, if you think back and you look at a chart, you can see that it goes up and down and up? Lesley Logan 24:01  Yeah. Steve Selengut 24:02  Highs and lows are not predictable, but you can tell if you're at a higher level or at a lower level, right? You can just look where you are. So depending on where you are, how I do my decision making, I buy less of things if the market is high, I buy more of them if the market is low. Lesley Logan 24:22  Got it. Steve Selengut 24:22  I'm looking to sell more when the market is high. I'm looking to buy more when the market, so all those things go into my thinking. Lesley Logan 24:30  I like that you pointed out based on what you want to make from your investments, can determine the level of your participation in it? Steve Selengut 24:42  Yes, exactly. So with me, I want I set these targets on my profits, just like my store, if it's just looking at the income, you're more like a bank with a very high level of earnings on the savings in the bank. You got this diversified portfolio spitting out all this income. You you don't need to do much except reinvest it selectively. But I want more than that. So what I want to do is I'm going to look at my prices, and if I have somebody comes into the store and I get my 5% markup, or even a 2% you know, when prices are down, I'll take it, and that builds up my capital every time I make a couple bucks. That way I can also reinvest it, add new securities, add to existing securities, and increase my level of income. Lesley Logan 25:34  Yeah. Steve Selengut 25:34  So for example, like right now, when you have an account statement like a fidelity or Schwab, they give you every month they tell you your estimated income for the next 12 months is this, so I know how much mine is for the next 12 months, but I also know that so far as of today, I've made nearly five months additional income by trading the securities in my account. So that tells me, Sandie, if you want to go to Japan next year, yeah, no problem.Lesley Logan 26:08  Yeah. I know, Sandie is your partner. And also, have you seen you can go on a two-year long around the world cruise? I already looked. It has internet, so you could totally do what you're doing. You can see the whole world. My husband and I did the math, because I was like, well, how much does this, I heard the price, which can sound like a lot, but I was like, well, just divide it by. Steve Selengut 26:28  200,000 something like that. Lesley Logan 26:30  Yeah, yeah. So then you divide it by like, 24 months, or whatever it is, and you're like, it wasn't much more than my mortgage.Steve Selengut 26:37  It's a whole lot cheaper than doing it the way I have, by individual trips. You know, a week in Southeast Asia, two weeks in Australia and in separate times. You know, when you're going here, if we added up all that we'd spent, going to all these places we better be a whole lot more than that.Lesley Logan 26:53  I know. I told them. I said, okay, I don't know if we'll ever not have dogs, because I don't know if I could leave my pet for two years. But if we ever got to a place where we had no pets, even if I've seen the place already, what a cool way to spend two years of your life. I hope you do that. I guess my next question for you is just, if someone's feeling overwhelmed, they're with you. They're like, okay, this guy, Steve, he gets it. I understand most of the words he's saying. I'm sure most people don't realize that they're like, stocks could just like income-produce for them on top of what they're already doing, where do they start? How do we take the overwhelm off?Steve Selengut 27:26  Okay. Well, you know how they say there's an app for that? Lesley Logan 27:30  Yes. Steve Selengut 27:30  There's a book for that. Lesley Logan 27:31  Okay. Steve Selengut 27:32  And that's why I wrote the book. It's a conversation between, really, my wife and I and this couple we meet on one of our trips in Amsterdam, and they've come into this trip by selling a chunk of their assets to fund the trip and we've come into it by paying a couple months income to do it. And we talked about how we got from A to B, and how they can get from where they are to where we are without really changing anything, because most people have the same securities in their model portfolios or their funds, or whatever they have in their 401(k)s, and these closed in funds that I have that deal in equities pretty much own the same things. It's just the focus of the managers of the fund are in line with my interest. My interests are income production. So I have these guys, hundreds of them, working directly for me, right? Because they're running these portfolios and they're giving me income, and then I am selling their poor souls every now and then for profits, but, you know, I buy them right back again soon, not immediately, but eventually. So that's the thing. You got to educate yourself. Like you said, in this country, most people come out of high school, they can't even balance a checkbook. They come out of college, and they don't have a clue unless they're majors, right? But there are certainly many books that you can read. I know the textbooks that I read in college, and I did take business courses, so yeah, I knew a little bit. You can learn about what stocks and bonds are. I mean, some of the people that are listening to you and I talk today don't know the difference between one and the other, or what they mean, what you know they're and that's unfortunate. You got to know that. You really need to know that before you can say to somebody, I'm going to trust you to manage my money. You don't know what he's doing. You've got to know and you've got to give him some direction. You've got to tell him, I'm not particularly concerned if you buy a stock that goes up and makes me a lot of money, unless you actually capitalize on that, because when it goes down, you don't look so smart anymore, you know? Lesley Logan 29:49  Yeah, I find it fascinating the idea of doing it myself, and also like I'm not in that place of my life where I'm there yet. So I've educated myself to a place where I ask questions of my person and they have to know them. And. I've been really impressed with this person I've worked with recently because no stuttering, definitely had it, got me the information, did better than the things that I asked. And the more I educate myself, the more questions I have. So every meeting we have, and he'll meet with me as much as I want, I'm like, okay, I have more questions that you're still securing your job, because I'm learning more. And so until I am able to do it myself, and that day will come, I just have a lot going on my own business, and I want to make sure that something is happening. But it is true, we have to educate ourselves, and we can't be scared of it. And I love that your book is like a conversation, because I think that that takes the overwhelm off. I read The Psychology of Money a couple years ago, and that was really helpful information from that guy, because he was just like, hey, the type of person you have to be to make a lot of money is not so good at keeping it. And he explained that. I was like, oh, that's very fascinating information. You know? Steve Selengut 30:55  Interesting. That's interesting. The education, the learning what you do, the amount of time you spend again will depend on back to where we were. How much money you really want to make. If you could be happy with this amount of money. Fine. Otherwise, you have to do other things. You have to take charge and trade those things to make really significant. And I mean, really significant.Lesley Logan 31:16  Yeah, I'm really excited for what you're doing, your book and stuff like that, because I do think that people need to hear what's possible. I also worry about people who are just relying on their 401(k) or their IRA. I think it's nice and it's important, but also it might not be enough, especially because we're living longer, thankfully, we're living longer and hopefully healthy. But that doesn't always mean so. Things happen all the time. There are disasters that are outside of your control, and so I do kind of worry about people. So I think educating people like you do, having you on it, is really important, because being it until you see it, you could have all these dreams of being this amazing boss who owns this awesome company, but at the same time, there's money behind everything comes back to that money. It's the energy that fuels things, and so having an understanding of how it works and different ways you can work it, I think it's so cool. I've never heard of something. I've never heard of it. I've never dove deep on the idea of the income producing, like getting those dividends, and using that as a measuring stick in that way. I mean, it's obvious once you said it, but it's not something I thought abou because I just thought, well, I want to be aggressive. I want the money to grow. I want these things. But also, like, how cool that you coach on that income-producing investment. Steve Selengut 32:32  What would you say your income is in your portfolio?Lesley Logan 32:36  Right now? (inaudible) What's it produced in the last month? Or what's it valued at right now? Steve Selengut 32:43  No, no. Market value doesn't matter. Lesley Logan 32:45  Okay, then I don't know that answer today. I have a meeting next week. Steve Selengut 32:48  Right. Most people don't ask that, and most people who have advisory people, and normally an advisor is getting about 1.5% not him personally, but the company that he works for. So when I used to tell people when I was managing their money, I was telling them that I would make it a point to make more in profits each year than they were paying me in fees. That was the objective as far as that goes. I'm taking care of the fees by making you actual more capital to replace it. I wrote an article recently about vetting an investment advisor. Lesley Logan 33:29  Cool. Steve Selengut 33:30  And that was one of the things that I said, you know? Number one is look at his portfolio first and if what he's got you in is not in his personal portfolio, find out why. I mean, your objectives may be different, but if your stuff sounds more speculative than his stuff, you don't want to take advice from somebody who doesn't have as much money as you do. Lesley Logan 33:52  Yeah. Steve Selengut 33:52  So the young guy just getting started, he's not the one you want as your financial advisor. And I learned that quick when I started, because I had my first two clients to get started with. I don't think I got another client for six or eight months, you know. So there are things to do when you're with your advisor, and one of the things is, take a look at his portfolio, make him assure you that he will take at least enough profits to pay his fees, and that he will produce at least 4% in income on your portfolio. And why do I say 4% because if you ask for advisors as you approach retirement, the key number is you'll have to use 4% of your market value each year to pay your expenses in retirement, unless you're like you and I, where we're going to make enough money while we're working that it's going to provide more than the amount we were making when we were working. Lesley Logan 33:52  Yeah, yeah. Steve Selengut 33:53  That's our objective. Lesley Logan 33:54  Yeah. Steve Selengut 33:54  But normally, people are going to spend about 4% of their market value. So since you're telling me that that's what's going to happen, I want you to make me at least 4% so that means you're going to make me 4% plus one and a half percent every year in income. You can grow the portfolio with the rest of the portfolio all you want, but that's the income I want you to start producing now.Lesley Logan 35:22  I like this, okay, that article you wrote, I would love to link to it, or you can, you know, put it behind a lead magnet. I think it's such a cool way for people to be armed with that because they don't have that information.Steve Selengut 35:34  It's on LinkedIn. Lesley Logan 35:35  It's on LinkedIn. Steve Selengut 35:36  It's on my profile or my articles. Lesley Logan 35:38  Okay, cool, cool. Steve Selengut 35:39  It's the last article I wrote. Lesley Logan 35:41  We will link to your LinkedIn for sure. We're going to take a brief break, and then we're going to find out where people can find you, follow you, work with you and your Be It Action Items. Lesley Logan 35:49  All right, Steve, where do you hang out? LinkedIn, sounds like and you said you advise people or you coach them. How can people connect with you? Steve Selengut 35:56  Theincomecoach.net I have two Facebook groups. One is called The Retirement Income Independence Coach and the other one is called Closed End Funds for Retirement Income and Equity Trading.Steve Selengut 36:05  Cool. You are busy for someone who is retired. Steve Selengut 36:14  Yeah, right. I get that a lot. I'm busier now schedule-wise than I was when I was managing money, because that was a, you know, couple hours in the morning, couple hours in the evening. Now it's all day long, with podcasts, writing a book, coaching, meetings and so on. Lesley Logan 36:33  And speaking of your book, Retirement Money Secrets, where can people order that? Can they get it wherever books are sold? Can they get it at your website? Where should they (inaudible)? Steve Selengut 36:33  Wherever books are sold, they can get it. The audiobook is only available on Amazon. All the other forms can be gotten anywhere. Lesley Logan 36:39  Yeah, well, you guys, it's money. You should probably read it instead of listen to it, because you want to be able to highlight, research, all that stuff. Amazing. Okay, you've given us a ton of amazing stuff already. But for the person who is ready to take some action, bold, executable, intrinsic, targeted steps people can take to be it till they see it. What do you have for us? Steve Selengut 37:06  Bold execution things is the one that I just asked you to do. Take a look at your portfolios and look at the actual income production, where it says dividends received this year or amount you can expect to receive this year with the portfolio just as it is, and see what that is as a percentage of your portfolio. And then the second action thing is, either yourself or your advisor approach them and say, I want that number to be about between four and 5%.Lesley Logan 37:06  I love it. I'm gonna take you up on that before I even do this recap, because I have a meeting with my advisor. So already scheduled. It's to go over, it's to go over my rest of my year. And am I supposed to be spending a little bit of money? Am I supposed to be investing in a certain way? How can I make that tax write off a little bit different? So I got a big meeting. I'm going to add this to it. I know that, especially for those of you who are over 40, you've got a lot going on. It can be just really overwhelming. But honestly, the more you educate yourself, the more these terms and words don't seem so crazy. And you can start with where you're at. And if you're going to start with an advisor, you can read Steve's article on how to vet them, and you can demand that they do that. And you know what? That's kind of why they have a job. So they can certainly rise to the occasion if they can't go find someone else. Until you want to be like Steven, do it yourself, which is impressive and amazing. Thank you so much. Until next time everyone, Be It Till You See It. Lesley Logan 38:43  That's all I got for this episode of the Be It Till You See It Podcast. One thing that would help both myself and future listeners is for you to rate the show and leave a review and follow or subscribe for free wherever you listen to your podcast. Also, make sure to introduce yourself over at the Be It Pod on Instagram. I would love to know more about you. Share this episode with whoever you think needs to hear it. Help us and others Be It Till You See It. Have an awesome day. Be It Till You See It is a production of The Bloom Podcast Network. If you want to leave us a message or a question that we might read on another episode, you can text us at +1-310-905-5534 or send a DM on Instagram @BeItPod.Brad Crowell 39:26  It's written, filmed, and recorded by your host, Lesley Logan, and me, Brad Crowell.Lesley Logan 39:31  It is transcribed, produced and edited by the epic team at Disenyo.co.Brad Crowell 39:35  Our theme music is by Ali at Apex Production Music and our branding by designer and artist, Gianfranco Cioffi.Lesley Logan 39:42  Special thanks to Melissa Solomon for creating our visuals.Brad Crowell 39:45  Also to Angelina Herico for adding all of our content to our website. And finally to Meridith Root for keeping us all on point and on time.Support this podcast at — https://redcircle.com/be-it-till-you-see-it/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Episode 38: Investment Strategies That Work: Avoiding Costly Mistakes with Larry SwedroeIn this episode of The Future-Ready Advisor, Sam sits down with Larry Swedroe, a renowned advocate for evidence-based investing, to explore the principles behind successful investment strategies and the critical role behavioral finance plays in shaping investor outcomes. The discussion highlights Larry's career, the importance of diversification, and practical strategies for advisors to help clients build resilient portfolios in uncertain markets.Key Quote:"Never judge a strategy by the outcome—it's the process that matters."Key Takeaways:1. Evidence-based investing minimizes emotional decisions and reliance on market predictions.2. Behavioral pitfalls, like overconfidence and recency bias, can derail long-term goals.3. Diversification and rebalancing are essential for managing risk and maintaining portfolio health.4. Advisors must educate clients on historical evidence to foster informed decision-making.5. Building resilient portfolios ensures investors can weather market shocks and uncertainty.Sound Bites:"Overconfidence leads to poor investment decisions.""Every risk asset will go through long periods of underperformance.""The market has self-healing mechanisms that investors often overlook.""Diversification isn't just a strategy; it's a necessity.""Educating clients on history makes them better decision-makers."Chapters:00:00 Introduction to Evidence-Based Investing: Overview of the principles behind evidence-based strategies and their relevance today.15:07 Understanding Evidence-Based Investing: Larry shares the key elements of evidence-based strategies and their evolution.20:07 Behavioral Pitfalls in Investing: The impact of biases like overconfidence, political bias, and recency on investment decisions.31:01 The Importance of Diversification and Rebalancing: Why maintaining a balanced portfolio is crucial for long-term success.36:54 Distinguishing Between Risk and Uncertainty: A deep dive into planning for unknowns and managing tail risks effectively.Resources Mentioned in This Episode:The Only Guide to a Winning Investment Strategy You'll Ever Need by Larry SwedroeYour Complete Guide to a Successful and Secure Retirement by Larry SwedroeLarry Swedroe's articles on Evidence-Based InvestingStay Connected with The Future-Ready AdvisorSubscribe on your favorite podcast platform to never miss an episode.Join the conversation on LinkedIn—share your thoughts and connect with other forward-thinking advisors.Explore more insights on Sam's website.Keywords:evidence-based investing, behavioral finance, investment strategies, risk management, diversification, rebalancing, portfolio management, financial education, market dynamics, resilient portfolios, Larry Swedroe, investment mistakes, advisor-client relationship, historical evidence, uncertainty, tail risks

Are you a woman facing the financial challenges of divorce or widowhood? In this episode of the True Love Knots Podcast, Maria is joined by Wes Cuprill, who shares how his family's experiences inspired him to help women find financial security during life's toughest transitions. He explains why women often face unique hurdles, like longer life expectancies and higher healthcare costs, and stresses the importance of a personalized, values-based approach to financial planning. Wes also warns against one-size-fits-all advisors who push products over real solutions and highlights the power of working with someone who understands your goals. Ready to take control of your financial future with confidence? This conversation will inspire you to start today.   Standout Quotes: “Financial advisors, many of whom we work with, will actively say they don't like working with women, which blows my mind. One, it's incredibly sexist to say it. And then two, on top of that, women are our best clients.” “It's our job to help, not just from the numbers standpoint, but also to give them peace of mind. I think that's one thing that is maybe misunderstood with advisors. Yeah, we're numbers guys, certainly, but we try to be more than that.” “Women will answer with things like it means financial freedom. It means I get to spend more time with my kids doing the things I always wanted to do.” “We don't believe in pushing a product first; we believe in truly holistic financial planning. You can go buy a product on your own. You don't need us to invest your money. You don't need us to buy an annuity or anything like that.” Key Takeaways: Assess your current financial advisor - Do they truly understand and cater to the unique needs of women? Look for an advisor who takes a holistic, values-based approach, not just a one-size-fits-all product pusher. Confront your financial fears head-on - Whether it's uncertainty about your resources or feeling overwhelmed by the planning process, don't let those emotions paralyze you. An experienced advisor can provide the guidance and support to overcome those hurdles. Reflect on your retirement vision - What does a fulfilling, financially secure retirement look like to you? Dig deeper than just the numbers and get clear on your personal values and goals. Embrace a long-term, patient mindset - Resist the temptation of chasing get-rich-quick schemes or market timing. Proven, disciplined investment strategies built on sound principles are the path to sustainable wealth. Seek an advisor who can be a true partner - Look for someone who will not only crunch the numbers, but also provide the emotional coaching and accountability to help you stay the course, no matter what life throws your way.   Episode Timeline: [00:03] Introducing Wes Cuprill [01:51] How Family History Inspired Wes' Mission [03:50] Common Challenges Widowed Women Face with Finances [06:41] Unique Financial Needs Women Should Plan For [09:45] Tackling Retirement Hurdles for Baby Boomers [12:16] Why Holistic Financial Planning Is the Real Solution [15:10] How to Find a Financial Advisor Who Truly Gets You [18:06] Crypto Risks and Emotional Traps in Investing [20:18] Breaking Stereotypes and Empowering Women to Invest [23:09] Free Resources to Build Your Financial Confidence   Learn more about Wes Cuprill on his socials: Website: https://moneyandclarity.com/ LinkedIn: https://www.linkedin.com/in/advisorarchitect/ WWW Podcast: https://feeds.buzzsprout.com/2399284.rss Suddenly Single: A Divorced Woman's Guide to Financial Security: https://www.amazon.com/Suddenly-Single-Divorced-Financial-Security/dp/B0CFCYSN5J Unexpectedly Single: A Widow's Guide to a Secure Retirement: https://www.amazon.com/Unexpectedly-Single-Widows-Secure-Retirement/dp/B0CWL762PB   Learn more about Maria Romano and True Love Knots at: Website: https://trueloveknots.com Email: maria@trueloveknots.com Phone: +1 702-501-4150

This week, JoePat Roop discusses the importance of sustainable income in retirement planning, emphasizing the need for customized financial strategies that cater to individual goals. He highlights the significance of understanding market trends, taxes, and hidden fees that can impact retirement savings. The conversation also touches on the necessity of having a rational approach to financial planning to ensure peace of mind during retirement. For more information or to schedule a consultation call 704-946-7000 or visit www.belmont-capital.com!See omnystudio.com/listener for privacy information.

In this episode of Retirement Talk, Kevin discusses essential strategies for retirement planning, focusing on tax strategies, market dynamics, personalized planning, and the importance of guaranteed income. He emphasizes the need for a comprehensive approach to retirement that considers taxes, healthcare costs, and individual financial situations.  CLICK HERE TO BOOK YOUR VIRTUAL/PHONE MEETING TODAYSee omnystudio.com/listener for privacy information.

Join host Rosa Coelho in an enlightening conversation with Dalene Higgins, founder of Elevate Finances, as they explore the intersection of health and financial well-being for women. In this episode, Rosa and Dalene spotlight the importance of financial literacy and planning for retirement, especially for women over 40. They dive into common financial challenges women face and provide valuable insights on how to set achievable retirement goals. Rosa and Dalene emphasize the need for women to embrace financial conversations, get comfortable with money management, and the importance of saving and investing wisely. Dalene shares actionable steps to help women alleviate financial stress and work towards sustainable financial independence. Whether you're looking to improve your financial literacy or take the first steps towards financial freedom, this episode offers empowering strategies and motivation to make informed financial decisions.   Connect with Dalene Higgins: Instagram https://www.instagram.com/elevate_finances/ Facebook https://www.facebook.com/dalene.higgins/ Website https://www.elevatefinances.us Free Retirement Vision Session: https://bit.ly/chatwithdalenehiggins   Connect with Rosa Instagram: @rocofit Simply Strong Program HERE

As this podcast is being released on Thanksgiving Day Paul begins by thanking those people who choose to follow the Foundation's work, those who forward our articles, podcasts and videos to others, and those who donate time and money to the Foundation. He also addresses the challenges of living at three different homes (Bainbridge Island, Portland and Rancho Mirage) in 2024.  We know some donations have been lost in the mail.   Our concern is people will declare a charitable deduction that did not actually happen.  By the way, the permanent address of the Foundation is now - 2445 NW Westover Road #311, Portland, Oregon 97210. Paul comments on his challenges in recommending cryptocurrency. Finally he discusses the life changing impact of goal setting.   The following are articles and videos on goal setting from some of the Truth Tellers Paul recommends. Jim Dahle writes to young doctors but the information is usually good for all people who are putting together a financial plan. The Power of Focus in Your Financial Life Jonathan Clements is struggling with cancer and for anyone facing death sooner than expected, and the goal setting that might be considered, I think you will find his journey worth reading. The C Word. William Bernstein has recently updated his best selling , “The Four Pillars of Investing.”  In this short introduction you will hopefully decided it's worth reading the rest of the book. Here is a podcast that you won't want to miss.  Larry Swedroe is interviewed by another Truth Teller, Ben Felix and Cameron Passmore.  The book they discuss has been updated since the interview.  "Your Complete Guide to a Successful and Secure Retirement" is one of the best books I know for those trying to address the many important retirement goals.  While Christine Benz is the Director of Personal Finance at Morningstar I thought it might be interesting to get her take on the non-financial plans we should consider.  Her new book has  become a best seller.  How to Retire: 20 lessons for a happy, successful, and wealthy retirement.

Ready to unlock the secrets to a fulfilling retirement? It's the most talked-about retirement book in decades! Join the Friends Talk Money team as they chat with retirement expert and best-selling author, Christine Benz! Christine shares some insights on what truly makes retirees happy, how to navigate healthcare choices and the impact of social security on your budget. Plus, you'll hear what Christine says about getting a second pair of eyes from a qualified financial advisor can provide you peace of mind throughout your retirement. Learn more in this week's episode and be sure to check out Christine's new book, How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement.

In this episode, Wendy Jones shares practical insights and real-life stories to help you make the most of your Social Security benefits and plan confidently for retirement. From timing your claims to exploring support options, Wendy covers the essentials to ensure you're prepared for a secure future. If you enjoyed this episode, be sure to subscribe to "Conversations on Aging" on your favorite podcast platform. And if you love it, leaving a review would be amazing! Your feedback helps others discover the show and benefit from these important topics. For more information, visit Next Steps 4 Seniors online at https://nextsteps4seniors.com or reach us by phone at 248-651-5010. Stay connected and subscribe to Next Steps 4 Seniors: Conversations on Aging: •Instagram: @conversationsonaging •Facebook: Conversations on Aging •Spotify: Conversations on Aging •Apple Podcasts: Next Steps 4 Seniors: Conversations on Aging For sponsorship, advertising, or to be a guest, contact us at 248-651-5010 or email office@nextsteps4seniors.com Visit us OnlineSupport the Show and Next Steps 4 Seniors: https://nextsteps4seniors.orgSee omnystudio.com/listener for privacy information.

This week's conversation delves into the critical aspects of retirement planning, emphasizing the importance of sound financial advice and the need for a tailored approach to retirement income. JoePat Roop discusses common regrets among retirees regarding financial decisions, the significance of principal protection, and the impact of taxes on retirement savings. He also highlights the importance of understanding one's financial goals and the role of financial advisors in navigating these complex decisions. For more information or to schedule a consultation call 704-946-7000 or visit www.belmont-capital.comSee omnystudio.com/listener for privacy information.

In this episode of the Her Retirement Lunch and Learn Live, Lynn discusses eight essential strategies to help you secure a more intentional and financially stable retirement. These strategies, grouped under the acronym "HEROS" (Her Efficient Retirement Optimized Strategies), are designed to maximize your wealth, protect your income, and ensure long-term financial security. Topics include smart spending and saving, semi-retirement opportunities, protected growth investments, and the importance of tax and legacy planning. Tune in to learn how you can implement these practical steps for a more confident retirement journey!

This week, JoePat Roop shares his journey from West Virginia to a successful career in financial planning, reflecting on the unpredictability of life and the importance of having a solid financial strategy. The discussion transitions into the current political climate and its implications for the economy, emphasizing the need for sound retirement planning amidst uncertainty. JoePat highlights the significance of understanding pensions, tax implications, and the necessity of personalized financial planning to navigate retirement effectively. For more information or to schedule a consultation call 704-946-7000 or visit www.belmont-capital.comSee omnystudio.com/listener for privacy information.

Choosing the right retirement plan just got easier! In this episode, Danielle Hayden highlights various retirement options available to business owners and provides insights to help you understand which plan best suits your business. She breaks down the pros and cons of each plan, diving into their tax benefits, contribution limits, and level of administrative work. Whether you're looking for a low-cost option or plans that don't require an employer match, this episode covers everything you need to know about retirement planning and picking the perfect plan for your business!   Key Takeaways: Your business structure and financial goals are a key factor in choosing the right retirement plan. Learn the importance of retirement planning and what options are available to small business owners and solopreneurs. Discover which plans offer greater tax benefits, which will attract employees, and which are easier (and cheaper) to manage. Consult with your CPA and financial advisor to make the best retirement decisions for your business and future.   Topics Discussed: Defined benefit plans (1:47) 401k plans (4:47) The Solo 401k plan (9:07) Traditional and Roth IRA plans (11:18) How to pick your ideal plan (13:42)   Resources: Gusto 401K Retirement Plans for Small Business Wellington Retirement Solutions, Inc.   Book a Call with Kickstart Accounting, Inc.: www.kickstartaccountinginc.com/book   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Choosing the right retirement plan just got easier! In this episode, Danielle Hayden highlights various retirement options available to business owners and provides insights to help you understand which plan best suits your business. She breaks down the pros and cons of each plan, diving into their tax benefits, contribution limits, and level of administrative work. Whether you're looking for a low-cost option or plans that don't require an employer match, this episode covers everything you need to know about retirement planning and picking the perfect plan for your business!   Key Takeaways: Your business structure and financial goals are a key factor in choosing the right retirement plan. Learn the importance of retirement planning and what options are available to small business owners and solopreneurs. Discover which plans offer greater tax benefits, which will attract employees, and which are easier (and cheaper) to manage. Consult with your CPA and financial advisor to make the best retirement decisions for your business and future.   Topics Discussed: Defined benefit plans (1:47) 401k plans (4:47) The Solo 401k plan (9:07) Traditional and Roth IRA plans (11:18) How to pick your ideal plan (13:42)   Resources: Gusto 401K Retirement Plans for Small Business Wellington Retirement Solutions, Inc.   Book a Call with Kickstart Accounting, Inc.: www.kickstartaccountinginc.com/book   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Curious about when to claim Social Security to maximize your financial future? Join me, Stacey Hyde, as I tackle the complexities surrounding Social Security decisions that could significantly impact your retirement plans. From uncovering the myths of taking Social Security at 62 to understanding the intricacies of earnings tests if you're still working, this episode promises to equip you with the knowledge to make informed decisions. We'll also delve into the critical role your income—including investment income—plays in determining your eligibility for health insurance subsidies on the exchange.Ever wonder how timing your Social Security benefits can affect you and your spouse differently? Discover the strategic importance of maximizing the higher earner's Social Security benefits, especially for married couples, to ensure long-term security. I'll break down how inflation adjustments can benefit you over time and why having funds in Roth IRAs and bank accounts can offer significant advantages. Whether you're planning ahead in your 20s or approaching retirement, this episode provides essential insights to help you navigate the crucial aspects of your Social Security planning. Don't miss out on the advice that could shape your financial future! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Ever wondered why your investment portfolio feels like a chaotic mess? I'm diving into the world of KISS - Keep It Simple, Stupid - and why it's the secret sauce to financial success. From debunking complex strategies to embracing automation, I'll show you how simplicity can lead to better returns and less stress. To learn more about streamlining your investments, tune in now! ________________________________________________________________ SOCIAL LINKS: Facebook: https://www.facebook.com/AaronKatsmanLC/ LinkedIn: https://www.linkedin.com/in/aaron-katsman-6550441/ ________________________________________________________________ SUBSCRIBE TO THE PODCAST: iTunes: https://podcasts.apple.com/us/podcast/the-aaron-katsman-show/id1192234142 Stitcher: https://www.stitcher.com/podcast/the-aaron-katsman-show Spotify: https://open.spotify.com/show/1lePc1pC0giBFV1nzCGsQR ________________________________________________________________ VISIT MY WEBSITE: Website: https://www.aaronkatsman.com/ ________________________________________________________________ CONTACT ME: Email me: aaron@lighthousecapital.co.il ________________________________________________________________ DISCLAIMER: Aaron Katsman is a licensed financial professional both in the U.S. and Israel. Call 02-624-0995 for a consultation on how to handle U.S. brokerage accounts from Israel. This video is for education purposes only and is not intended to give investment, legal or tax advice. If such advice is needed, contact a licensed professional who can help you. Securities offered through Portfolio Resources Group Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not of Portfolio Resources Group Inc., or its affiliates. Neither PRG nor its affiliates give tax or legal advice.

On this episode, C&A Financial Group Managing Partner and CEO Frank Congilose, hosts special guest and advisor, Brian Cunniff who shows us a unique process around savings that can lead to a secure retirement.2024-174345 Exp 08/26To learn more about C&A Financial Group or to consider a fulfilling career with us, visit us online at www.ca-strategy.com for more information. Follow us online on Facebook, LinkedIn and YouTube

Raj Shah and Rick Borek discuss how Social Security is facing a solvency crisis within the next 10 years, and one option to fix it is to raise the full retirement age. This would add funding to Social Security but also result in fewer years of payments for retirees. They explain that planning for a potential decrease in Social Security benefits is important, and putting away a lump sum of money can guarantee additional income in retirement. For more information or to schedule a consultation with SC Wealth Advisors visit: scwealthadvisors.com Raj Shah and Rick Borek focus on wealth management, retirement planning, personal finance, taxes, estate planning and so much more. Combined, Raj and Rick have over 55 years of financial planning experience and are eager to help you retire in the most efficient manner. See omnystudio.com/listener for privacy information.

“Retirement is not the end of the road. It's the beginning of the open highway.” In this week's episode of Retire in Texas, CEO and co-founder of PAX Financial Group, Darryl Lyons, explains the innovative concept of pivot planning. The goal, to provide a flexible framework that helps retirees transition smoothly into their next chapter without feeling like their life's value has diminished.   Key show highlights include:   *An explanation on how pivot planning was born from collaborative efforts among PAX's Certified Financial Planners™.   *Analysis of the five buckets of pivot planning, including comfortable cash, emergency funds, and legacy investments.   *A discussion on the principles of behavioral finance and how they are integrated into pivot planning for a more personalized approach.   *Understanding the importance of a cash flow worksheet and how it helps retirees maintain financial stability.   *Valuable insights into how retirees can better organize their finances to navigate the complexities of retirement.   Retirement should not be looked at as the end of something, but rather as an exciting new beginning. Tune into this week's episode to learn how you can pivot into a new chapter of your life with confidence and ease. Be sure to share with a friend, family member, or coworker! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

In this episode of Financial Safari, Coach Pete and his guests discuss the essential elements of financial planning, focusing on retirement income strategies, investment risks, and the importance of asking the right questions before making financial decisions. They emphasize the need for a comprehensive retirement plan that includes income protection and strategies to avoid bad money habits. In this conversation, the speakers discuss the importance of financial advisors, the historical context of retirement planning, the risks associated with investments, and the necessity of a comprehensive retirement plan. They emphasize the need for risk assessment and the creation of a financial fill-up strategy to ensure a secure retirement. The discussion also includes a cautionary tale about Nicolas Cage's financial missteps, highlighting the importance of sound financial management.See omnystudio.com/listener for privacy information.

In this episode, we dive deep into the intricacies of estate and legacy planning, a crucial yet often overlooked aspect of retirement planning. Kevin discusses the importance of staying informed about changing laws, such as the Secure Act, and how they impact your financial planning. Learn about common mistakes, like delaying will creation or relying on incomplete online documents, and discover the best practices for safeguarding your assets, including the use of durable powers of attorney and proper document storage.  Get your FREE Comprehensive Retirement Plan NOW! See omnystudio.com/listener for privacy information.

Breaking down the major retirement risks and evaluating the different strategies you can take to mitigate them and create a secure retirement.

In this episode we dive deep into strategies to boost your retirement savings. Learn how to take advantage of employer contributions, explore different retirement accounts, and discover how to invest wisely for a secure and comfortable future.

In this episode we dive deep into strategies to boost your retirement savings. Learn how to take advantage of employer contributions, explore different retirement accounts, and discover how to invest wisely for a secure and comfortable future.

Strategic Suggestions for a Secure Retirement

Discover how timing plays a crucial role in Social Security elections and how making informed choices can significantly impact your retirement income. Learn from real-life examples, including one where a client preserved their benefits by understanding the implications of their decision. Don't leave your retirement to chance—tune in to this episode to gain practical tips and strategies for optimizing your Social Security benefits and achieving financial security in retirement. Call Steve today for your complimentary SS Optimization Report! See omnystudio.com/listener for privacy information.

Join me, Jason LaChance host of the Knockin' Doorz Down podcast, certified addiction recovery coach, and mental health advocate for my sit down with special guest Ryan Skinner. Ryan Skinner is the Founder and co-owner of Summit Financial Partners, a Woburn, MA-based firm offering a range of services including retirement planning, life insurance, and long-term disability. Author of Taking Stock: Protect Your Wealth and Create Reliable Income for a Happy and Secure Retirement, Ryan and Summit Financial Partners has been seen in some of the most recognized American news publications, including Fortune, Forbes, USA Today, and The Wall Street Journal. Ryan Skinner is living proof that survival from a dark, downward spiral is possible. Once an addict in his mid-twenties, he was given a second chance at life, and he took full advantage. Today this passionate businessman speaks about recovery in high school drug awareness initiatives, has guest lectured at The Heroin Education Awareness Task Force Program, and hosts an addiction recovery group. We discuss the following and more. Intro 00:00 Doing for others and wanting nothing in return is the gift  4:00 When you do well you must give back  26:30 Light the path, show others the world can be a better place  37:00  Like gravity, spiritual principles apply to everyone 49:30 This is Ryan Skinner Knockin' Doorz Down. For more on Ryan Skinner: https://crackingthecodewithryanskinner.com/ Please subscribe and share and to get the YouTube visit https://www.KDDPodcast.com for more Celebrities, everyday folks, and expert conversations on turning your greatest adversities into your most significant advantages. Get your copy of Carlos Vieira's Autobiography Knockin' Doorz Down. Hardcover, Paperback & Audio Book https://linktr.ee/kddbook For the KDD Inspired t-shirts brought to you by 51FIFTY. https://www.kddmediacompany.com/shop For more information on Carlos Vieira's autobiography Knockin' Doorz Down, the Carlos Vieira Foundation, the Race 2B Drug-Free, Race to End the Stigma, and Race For Autism programs visit: https://www.carlosvieirafoundation.org/ #sober #wedorecover #mentalhealth Learn more about your ad choices. Visit megaphone.fm/adchoices

Choosing Traditional vs. Roth Strategies for a Secure Retirement

If you don't want to end up moving in with your kids or scrimping to make ends meet, you need to know what NOT to do so you can actually enjoy your golden years. In this week's episode, we're going through the steps you need to take to avoid the major pitfalls around spending, investing, access, and more. So get your pen and paper ready to take notes on this episode packed with tips that will allow you to make your retirement about enjoying life, not pinching pennies. Get ready to learn the key lessons for how to build the comfortable, fulfilling retirement you desire. ________________________________________________________________ SOCIAL LINKS: Facebook: https://www.facebook.com/AaronKatsmanLC/ LinkedIn: https://www.linkedin.com/in/aaron-katsman-6550441/ ________________________________________________________________ SUBSCRIBE TO THE PODCAST: iTunes: https://podcasts.apple.com/us/podcast/the-aaron-katsman-show/id1192234142 Stitcher: https://www.stitcher.com/podcast/the-aaron-katsman-show Spotify: https://open.spotify.com/show/1lePc1pC0giBFV1nzCGsQR ________________________________________________________________ VISIT MY WEBSITE: Website: https://www.aaronkatsman.com/ ________________________________________________________________ CONTACT ME: Email me: aaron@lighthousecapital.co.il ________________________________________________________________ DISCLAIMER: Aaron Katsman is a licensed financial professional both in the U.S. and Israel. Call 02-624-0995 for a consultation on how to handle U.S. brokerage accounts from Israel. This video is for education purposes only and is not intended to give investment, legal or tax advice. If such advice is needed, contact a licensed professional who can help you. Securities offered through Portfolio Resources Group Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not of Portfolio Resources Group Inc., or its affiliates. Neither PRG nor its affiliates give tax or legal advice.

Download Chris's FREE E-Book on “How To Find Ultra High Net Worth Clients" from ⁠⁠https://UHNWC.com/⁠⁠   Dana Anspach (https://www.sensiblemoney.com/), a seasoned financial advisor and founder of Sensible Money, discusses the importance of strategic financial planning for those in the decumulation phase of wealth. Dana shares her approach to financial advising, the unique process Sensible Money uses requiring clients to go through an initial planning phase, and her passion for providing value to her clients and the broader financial industry through educational content. She also talks about her business's evolution and her goal of creating a sustainable business that can operate successfully beyond her. In this episode, Chris and Dana discuss: 1-The Impact of a Good Financial Advisor 2-Working with Next Generation Clients 3-The Importance of Retirement Planning 4-Organic Growth and Developing a Niche in Financial Advisory LinkedIn: https://www.linkedin.com/in/danaanspach/ Website: https://www.sensiblemoney.com/ Twitter: https://twitter.com/moneyover55 Maximize your marketing, close more clients, and amplify your AUM by following us on:  Instagram:  ⁠⁠https://instagram.com/ultrahighnetworthclients⁠⁠  TikTok: ⁠⁠https://tiktok.com/ultrahighnetworthclients⁠⁠  YouTube: ⁠⁠https://www.youtube.com/@uhnwc⁠⁠ Facebook: ⁠⁠https://www.facebook.com/UHNWCPodcast⁠⁠  Twitter: ⁠⁠https://twitter.com/uhnwcpodcast⁠⁠  iTunes:  ⁠⁠https://podcasts.apple.com/au/podcast/ultra-high-net-worth-clients-with-chris-brodhead/id1569041400⁠⁠ Spotify: ⁠⁠https://open.spotify.com/show/4Guqegm2CVqkcEfMSLPEDr⁠⁠ Website: ⁠⁠https://uhnwc.com⁠⁠  Work with us: ⁠⁠https://famousfounder.com/fa⁠⁠  DISCLAIMER: This content is provided by Chris Brodhead for the general public and general information purposes only. This content is not considered to be an offer to buy or sell any securities or investments. Investing involves the risk of loss and an investor should be prepared to bear potential losses. Investment should only be made after thorough review with your investment advisor considering all factors including personal goals, needs and risk tolerance.

Are you ready to finally feel confident about your financial future? Let's dive into one of the most critical cornerstones of secure retirement planning - the Secure Act 2.0. We're breaking it down into four key ways in which this act can revolutionize your retirement strategy, particularly if you're a Gen Xer. From securing higher contribution rates to employer-sponsored retirement plans and aligning money with life goals to leveraging the Internal Revenue Code for financial planning, we're giving you the tools to navigate your journey towards financial security.>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom>>Subscribe to Life Money Balance® YouTube for content beyond the podcast>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting>>Connect with us across social media for more content - top right corner>>Find your story & learn about services that fit your journeyThank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

This week on On The Money with Secure Money, Brian Quaranta shares ten valuable tips for people hoping to secure their retirement in uncertain times. *A Roth conversion may not be suitable for your situation. The primary goal in converting retirement assets into a Roth IRA is to reduce the future tax liability on the distributions you take in retirement, or on the distributions of your beneficiaries. The information provided is to help you determine whether or not a Roth IRA conversion may be appropriate for your particular circumstances. Please review your retirement savings, tax, and legacy planning strategies with your legal/tax advisor to be sure a Roth IRA conversion fits into your planning strategies. All rights reserved.

Uncover the key to significant tax savings in this engaging podcast episode featuring Sanja Noble and Asa Patterson from Premier 72.   Their discussion on money mindset and manifestation will open your eyes to new possibilities. You'll learn how to shift your mindset from consumer mentality to wealth building. Discover how to reallocate your money effectively, turn liabilities into assets, embrace the tax code for substantial tax benefits, and secure retirement.   Join us for this episode to gain wisdom on transforming your financial future. Don't miss this chance to unlock your financial potential!   Sanja Noble, Managing Partner of Premier 72, specializes in life insurance and retirement income planning, helping individuals achieve financial independence and entrepreneurial goals.   Asa Patterson, Sr., a retired Marine Corps Captain, is the Managing Partner of Premier 72, a boutique firm specializing in income growth maximization, asset protection, and tax advantages. He has served over 3,500 real estate investors and business owners in North and South America. 00:00 - The Struggle of Having a Scarcity Mindset 10:03 - Taking the Lid Off of Your Capacity 14:07 - Discovering Your Own "Acres of Diamonds"  16:35 - How to Reallocate Your Money and Unlock Possibilities 23:03 - Advantages of Insurance to Secure Retirement 33:26 - Investment: Be Your Own Bank and Grow Your Wealth Without Taxation 44:05 - Closing Segment Connect with Sanja and Asa! Phone number: +1312 883 9114 LinkedIn: https://www.linkedin.com/in/sanjaenoble/ https://www.linkedin.com/in/asa-e-patterson-m-ed-897a4b4/ Website: https://www.premier72.com   Be the Boss of Your Own Money and Own Your Future. Connect with us and Discover Investment Strategies Designed to make a Difference. Website: https://moneywithmission.com Linkedin: https://www.linkedin.com/in/moneywithmission     Quote:   "It's all about a mindset shift. The wealthy understand success is based on intellectual assets, not entitlement, and they focus on cutting expenses, especially taxes. Entrepreneurs can tap into hidden potential with this shift." - Asa Patterson   "Effort and belief go hand in hand - everyone can attain their desires with unwavering belief in their ability to manifest their goals." - Felecia Froe

David gives a 1-minute summary of all his books on retirement.  The Power of Zero: How to Get to the 0% Tax Bracket and Transform Your Retirement. The book outlines a step-by-step plan for getting to the 0% tax bracket in retirement, because if tax rates double, as some experts predict, two times zero is still zero. Look Before You LIRP: Why All Life Insurance Retirement Plans Are Not Created Equal, and How to Find the Right One for You.  David explains that while various LIRPs may help get you to the 0% tax bracket, not all will do so with the same efficiency or effectiveness. In fact, finding the right LIRP for your tax-free retirement plan can be just like finding the ideal spouse. Just as you likely had a list of qualities you were looking for in a life-long partner, you should have certain attributes and provisions in mind when looking for the ideal LIRP. The Volatility Shield: How to Vanquish the 4% Rule & Maximize Your Retirement Income.  In this book, David breaks down financial truths that challenge conventional wisdom and reveal the gaping hole in people's retirement picture. He also reveals how you can open a volatility shield account that allows you to pay for your retirement living expenses in the year following a down market.  Tax-Free Income for Life: A Step-by-Step Plan for a Secure Retirement. David lays out a comprehensive, step-by-step roadmap for a secure retirement and how to shield yourself from longevity risk as well as the unintended consequences of higher taxes.  The Infinity Code.  This book speaks of the evils of the modern monetary theory, which says that we can print an unlimited amount of money to pay for our nation's burgeoning debt load.  David shares insights from his upcoming book, Guru.  Americans love charismatic gurus who dish out one-size-fits-all financial advice that is easy to digest and implement.  However, the dumbed-down financial advice offered by Dave Ramsey and other gurus is good for bad investors but bad for good investors. David believes that while these financial gurus sometimes dispense good advice, it's nearly always at the expense of the best advice.     Mentioned in this episode: David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free 3-part video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com Comeback America: Turning the Country Around and Restoring Fiscal Responsibility by David M. Walker

Caleb and Riley joined by Myron Littman, owner of Foresight Financial. If you have ever asked yourself questions like, “Do I still need this insurance policy?” Or “What coverages do I actually need as I get older?" Then this episode is for you. Surprisingly, insurance can be used as a creative planning tool to help you to increase your savings and wealth and take you to the next level. Other times, insurance is your saving grace and provides financial support for a potential serious illness, disability or a death. So if you would like to make informed insurance decisions, find the wealth building opportunities that exist in insurance strategies, and lessen the blow that your family may take when you face a serious risk event, then we suggest you stick around for this episode. Learn more about: The surprising benefits of life insurance for older adults in retirement and explore the role of insurance in estate planning, family business transitions, and more. Explore the significance of critical illness Insurance, stories of real-life impact, cost considerations, and the concept of "return of premium". Insights from Myron Littman, a Certified Financial Planner with over two decades of experience, as he shares his personal journey and the impactful stories that shaped his career. Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts

Ron Cook Jr is an independent fiduciary Investment Advisor Representative who helps families with the fear of possibly running out of money in retirement, lowering or eliminating retirement financial risks, and protecting their retirement funds from unexpected life events. He prides himself in making complex situations simple and easy to put into place with comprehensive retirement planning.Ron loves his God, country, and family. He is a big New England Sports fan, he has two French bulldogs, and has an annual pass to Disney World where he and his wife got married.Learn More:https://www.rcwealthadvisors.com/ and https://www.retirementmoneyschool.com/Investment Advisory Services offered through Retirement Wealth Advisors, Inc. (RWA) an SECRegistered Investment Advisor. RC Wealth Advisors and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.This information is designed to provide general information on the subjects covered, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that RC Wealth Advisors and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any references to protection benefits or lifetime income generally refer to fixed insurance products. They do not refer, in any way to securities or investment advisory products or services. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors, Inc.Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-ron-cook-jr-owner-of-rc-wealth-advisors-discussing-secure-retirement-strategies

Ron Cook Jr is an independent fiduciary Investment Advisor Representative who helps families with the fear of possibly running out of money in retirement, lowering or eliminating retirement financial risks, and protecting their retirement funds from unexpected life events. He prides himself in making complex situations simple and easy to put into place with comprehensive retirement planning.Ron loves his God, country, and family. He is a big New England Sports fan, he has two French bulldogs, and has an annual pass to Disney World where he and his wife got married.Learn More:https://www.rcwealthadvisors.com/ and https://www.retirementmoneyschool.com/Investment Advisory Services offered through Retirement Wealth Advisors, Inc. (RWA) an SECRegistered Investment Advisor. RC Wealth Advisors and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.This information is designed to provide general information on the subjects covered, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that RC Wealth Advisors and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any references to protection benefits or lifetime income generally refer to fixed insurance products. They do not refer, in any way to securities or investment advisory products or services. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors, Inc.Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-ron-cook-jr-owner-of-rc-wealth-advisors-discussing-secure-retirement-strategies

Understand the implications of adding authorized users to credit cards, and how to plan retirement so your money lasts. 01:40 Today's first Money Question: A listener asks whether it's a good idea to help a friend or family member build credit by adding them as an authorized user on your credit card. Credit expert Bev O'Shea joins Sean Pyles and Liz Weston to discuss the risks and benefits of adding authorized users, including the impact it can have on a person's credit profile, the conditions under which it might be unfavorable and how many people a credit card holder can add as authorized users. 13:35 Today's second Money Question: Sean and Liz turn their attention to the complex world of retirement planning. They discuss methods for evaluating whether you've saved enough for retirement, common pitfalls to avoid and why it's key to consult with a fee-only financial planner. The discussion digs deep into critical decisions around Medicare and Social Security and how to manage them effectively, how to ensure your retirement funds last and the impact of inflation on retirement plans. In their conversation, the Nerds discuss: credit card authorized users; credit management; credit profiles; financial planners; retirement planning; Medicare; Social Security; retirement funds; inflation; health insurance; filing bankruptcy; and retirement savings. Please take our listener survey at https://nerdwallet.com/survey to help us improve the show! Survey participants will be automatically entered into our Smart Money Podcast Sweepstakes for a chance to win a $100 Amazon gift card when you complete and submit the survey form. The Sweepstakes period is from June 19, 2023 to August 7, 2023. Limit One (1) Entry per person. No purchase necessary to enter or win. Odds of winning will be determined by the number of eligible entries received. Read the Official Rules for more details. If you enjoyed today's episode, then please vote for us in the 18th Annual People's Choice Podcast Awards! Register at https://podcastawards.com and find “NerdWallet's Smart Money Podcast” in the Business category. Voting in other categories is optional. We appreciate it! To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend.

Airdate: 5/29/23: Join us on the latest episode of Roadmap to Retirement #194 and discover expert advice on managing your IRA, 401k, and tax strategies.

In this episode, we're pulling back the curtain on the so-called "501(k) plan." You'll learn about the deceptive origins and marketing tactics of this fraudulent scheme, and we'll equip you with the knowledge to identify the red flags and warning signs of such scams. We'll dive deep into the mechanics of the 501(k) plan, exposing the strategies used to prey on your retirement concerns. You'll see the potential risks and consequences of falling for these scams. But it's not all about the scam. We'll also guide you toward how to actually view cash value life insurance as a viable part of your retirement planning. We want to empower you to take control of your retirement planning. We'll offer practical tips and resources to boost your retirement savings and investments and emphasize the importance of ongoing education in financial matters. Join us as we debunk the 501(k) plan myths and guide you toward a secure retirement with cash value life insurance. We encourage you to share your questions, comments, and personal experiences related to retirement planning. Don't fall for the scams—take charge of your future today! __________________________ If you're thinking about how cash value life insurance (whole life or indexed universal life) fits into your retirement planning strategy, please click here to contact us.

March 1 through March 4, I attended the White Coat Investor Conference (WCICON 2023). On the 2nd, I made a 2 hour presentation focused on "How to Create and Execute a Lifetime Investment Strategy". I was thrilled with the turnout and positive feedback. I also received many questions in the following days. The following are some of the many questions. More to come in the future. It was a wonderful conference. I want to thank Katie and Jim Dahle for putting on one of the best conferences I have ever attended. Here are the questions addressed on this podcast: 3:40 1. Why do value companies make more money than growth companies? The answer includes comments from a 1997 article by Eugene Fama and Kenneth French. Rethinking Stock Returns https://www.chicagobooth.edu/review/rethinking-stock-returns 14:55 2. How much small cap value should I add to my target date fund? 19:30 3. How much small cap value should I combine with my Vanguard Total Market Fund? In this article Table B14A is referenced. https://paulmerriman.com/wp-content/uploads/2022/04/SCV-vs-SP500-Fine-Tuning-Table-2022-v0.2.pdf 22:19 4. What is the difference between the expected long term returns of the S&P 500 (VOO) and the Total Stock Market (VTI)? 25:40 5. There are a lot of different small cap value funds. Which one do you recommend at Vanguard? 28:45 6. Should I put small cap value in my taxable, Roth IRA or 401k? Larry Swedroe's, “Your Complete Guide to a Successful & Secure Retirement” is recommended as a great source of important investment advice. 33:25 7. What do you think of being all equity all the time? I mean for the rest of my life. 38:54 8. I'm 38 and a fairly aggressive investor. I want to build a do it yourself custom target date fund. While I did not mention our custom ETF Allocation Calculator listeners should check it out. https://paulmerriman.com/custom-etf-allocation-calculator/ 45:55 9. You have portfolios that are all small cap value and another that is a combination of small and large cap value. The returns for all small cap value are almost one percent higher. Why not just use an all small cap value portfolio? Sound Investing Quilt Charts 49:30 10. What strategy would you recommend with 5 to 7 years until retirement? More of the WCI questions will be answered in the coming weeks.

#149 - Pete Matthew is a Chartered Financial Planner and the host of Meaningful Money.  He explains the different types of pensions, the best places to put your money for retirement and how to build up a pension pot for when you're ready to retire.What you'll learn[2:25] How the pandemic has changed the way people think about their finances.[5:40] The two different types of pensions and how they differ from each other.[9:19] Why defined benefit pensions are likely to be phased out.[10:48] How the 2008 crash changed annuities and the idea of a ‘guaranteed income for life'.[14:44] Whether state pensions in the UK have a future.[17:22] The increase of gradual retirement and reducing your hours before retiring completely.[22:37] How to know if you're ready to retire.[27:37] How much money you should spend when you first retire.[31:25] How to figure out what you need to retire.[35:25] Where to put your money for retirement.[39:00] What to do if you haven't started a pension yet.Resources mentioned in this episode (some of these are affiliate links and we may get a commission in the event that you make a purchase - this helps us to cover our expenses and is at no additional cost to you):Episode 27: Money matters: how to finance a career change – with Pete Matthew of Meaningful MoneyBeyond the 4% Rule, Abraham OkusanyaChanging Gear, Jan Hall and Jon StokesEpisode 82: What are you earning for anyway? The role of money and wealth in achieving life harmony - with Joseph Kuo of Abundance Wealth PlanningFor the show notes for this episode, including a full transcript and links to all the resources mentioned, visit:https://changeworklife.com/will-i-be-able-to-afford-to-retire-how-to-plan-for-a-financially-secure-retirement-even-if-its-years-away/Re-assessing your career?  Know you need a change but don't really know where to start?  Check out these two exercises to start the journey of working out what career is right for you!Take me to the exercises!Also, make sure to join the Change Work Life Facebook group and check out the ways you can support the podcast on the Change Work Life Support page.Follow us on Facebook, Instagram, and Twitter.

How to live the best life you can is the main focus of this conversation between Paul Merriman, Chris Pedersen, Daryl Bahls and Craig Appl, volunteer creator of The Merriman Financial Education Lifetime Calculator. Craig discusses the FIRE movement community and his experience at a Chautauqua Conference about financial independence outside Bogotá Colombia earlier this year. Craig addresses the differences between traditional investors and those focused on earlier retirement (high savings, low cost of living, simple investment portfolios) and how to create more happiness in your life. For more about Craig's Chautauqua experience, read “How To Prepare for Post-Work Life” by Aysha Griffin Links referenced in the recording: The Chautauqua conference website: https://www.fichautauqua.com/ Financial Independence Resources: - https://choosefi.com/ - JL Collins Stock Series which inspired the book A Simple Path to Wealth https://jlcollinsnh.com/stock-series/ (check your local library for availability) - Millennial Revolution: https://www.millennial-revolution.com/ Quit Like a Millionaire - Alan Donegan's Free Extraordinary Life course: - https://www.alandonegan.com/extraordinary.html - https://www.caniretireyet.com/ - https://thehumblepenny.com/ Books - A Simple Path to Wealth by JL Collins - Your Money or Your Life by Vicki Robin - Your Complete Guide to a Successful and Secure Retirement by Larry Swedroe - Why Does The Stock Market Go Up? By Brian Feroldi - Quit Like a Millionaire by Kristi Shen

Paul Merriman, Chris Pedersen and Daryl Bahls each share his studies and comments about rebalancing a portfolio—how often, how much change before rebalancing, and when does it make sense not to rebalance? They also answer listener/viewer questions and Paul makes a special offer for a free chapter from Larry Swedroe's book, Your Complete Guide to a Successful & Secure Retirement. (See details in ‘Links' below). Q&A Which asset classes should be in taxable accounts and which in tax-advantaged accounts? To answer this oft-asked question, Paul recommends Larry Swedroe's book, Your Complete Guide to a Successful & Secure Retirement and encourages investors to read Chapter 10 from the book, “The Asset Location Decision." See “Links” below for details to buy the book and access the free chapter. “Is there a rebalancing bonus?” Chris answers this question and illustrates his answer with the chart, “Is There a Rebalancing Bonus? … Not Much.” See this chart and others mentioned below. “I want to help my 36-year-old daughter establish a retirement portfolio. What do you think of using Vanguard Life Strategy Moderate Growth Fund (VSMGX)?” Chris answers by suggesting a better answer may be a Target Date Fund and shows the Vanguard Target Date Fund Glidepath. See this and other charts and tables mentioned here. “Can I expect to invest in the funds you recommend today and hold them for the rest of my life?” Daryl's answer is yes, using our 4-Fund portfolio. He shows why by comparing the Total Market Index funds to our “No-Nonsense Portfolios” in Table 1a: “No-Nonsense Portfolios for Sound Investing: Equity Asset Allocation” and Table 2a.1, which shows “Comparison Data,” drawing special attention to our U.S. Only 4-Fund Portfolio over the Total Market Index and S&P 500. Daryl also offers a third Table, “No-Nonsense Portfolio Performance Rankings by Decade (1970-2021). See these and all charts and tables mentioned here. MORE LINKS Rebalancing: The implications of adding a small amount of small-cap value to a Total Market Index portfolio. See this Table. You can get your copy of Larry Swedroe's book, Your Complete Guide to a Successful & Secure Retirement at: https://amzn.to/3gb3noz. If you purchase via our link, it may result in our Foundation receiving a small commission that supports our financial education outreach at no additional cost to you. Read this FREE chapter from Larry's book, “The Asset Location Decision,” courtesy of Mr. Swedroe and publisher Harriman House.