Fire Your Financial Advisor by Golden Reserve

A listener wrote into the “Market Watch” advice column with almost 600 thousand dollars saved and no one will work with him. What’s the problem here?See omnystudio.com/listener for privacy information.

Why Greg wrote “Fire Your Financial Advisor.” Congress changed the retirement rules again. What do you need to know? Ken Fisher says the market will roar in 2023. What does he have to gain by saying that? All the advisors I see say I’m not rich enough for them to help me! Wills and Trusts. Who needs one and why? See omnystudio.com/listener for privacy information.

Interest rates are up. This is a good thing for people planning for retirement. You can now get 4 percent or more on a CD and other fixed products. If you are comparing two places to put your money and both are offering 4 percent, how could you go wrong? Greg explains how 4 percent is not always 4 percent. See omnystudio.com/listener for privacy information.

Higher interest rates are seeing more people pull out of market risk in favor of fixed products. Are you choosing the best ones for you? Greg’s book about the failures of the financial industry is now available. Golden Reserve is offering a big discount for a limited time. Another person writes to "Market Watch" wondering if they should leave their advisor. There is good debt and bad debt. Should you carry your mortgage into retirement? Are you ready to retire? Forbes has 5 questions to ask yourself. Greg has a few more. See omnystudio.com/listener for privacy information.

The financial industry has built a model where it favors them if you keep your money in the stock market. But in retirement, you need to use that money. These two things do not go together.See omnystudio.com/listener for privacy information.

Greg’s book “Fire Your Financial Advisor” is now available! Sports betting is exploding. Did you think about the taxes? At Golden Reserve, "Financial Advisor" is a dirty word. Don’t be a "Bad Santa" and give bad financial gifts to your kids. Secure Act 2.0 is a gift from Congress for retirees…or is it? See omnystudio.com/listener for privacy information.

Every Roadmap for Retirement at Golden Reserve includes a Tax Map and Long-Term Care Compass. What are the legal papers we need to protect our retirement money and how this intersects with tax planning.See omnystudio.com/listener for privacy information.

Who needs more education in Ohio: A plumber or a financial advisor? Is your financial advisor working for you, or for themselves? No one likes to lose money, but if the market is going down how can you avoid it? Golden Reserve founders Greg Aler and Tim Stallings talk about protecting your money with wills, trusts, and tax planning. See omnystudio.com/listener for privacy information.

The Golden Reserve Tax Map is designed for you to pay less in taxes during retirement. We get input from America’s IRA expert Ed Slott about using the Roth IRA.See omnystudio.com/listener for privacy information.

The hottest player in the NFL investing in soybean farms? If your Financial Advisor is only talking stock market, RUN! Ed Slott, America’s IRA expert weighs in on the Roth IRA. Another story of a financial advisor who isn’t listening. Fortune Magazine says, “Your investments should be boring.” Where have we heard that before. See omnystudio.com/listener for privacy information.

Warren Buffett said, “Right now, bonds should come with a warning label.” If you are looking to put your safe money in bonds, you may be disappointed.See omnystudio.com/listener for privacy information.

When it comes to talking about your retirement, don’t let life get in the way. Stocks for growth and bonds for safety... Maybe not anymore. Long Term Care Insurance is a dinosaur. There IS a better way. Look who lost almost 100 million dollars in the FTX scandal. 2022 was a year for “the flight to safety.” What did you do with your retirement accounts? See omnystudio.com/listener for privacy information.

The market was down; inflation and interest rates are up. You probably saw some of your retirement money disappear. If 2023 brings us more of the same, how can the Golden Reserve Market Flashlight help?See omnystudio.com/listener for privacy information.

2022 was a year of transition in the stock market. Should you be changing your strategy? There’s more pain forecasted for 2023, should you take these predictions seriously? Congress has new rules about when you access your 401(k). Is this a good thing? $1 million: That’s the number many of us shoot for to save. Is it enough? Greg’s book is due out in mid-February. Why the title, “Fire your financial advisor."? See omnystudio.com/listener for privacy information.

Say the word "annuity" and you get a lot of different reactions. Like fruitcake, some people love them, some people hate them. But why? What is the real story behind annuities, and should you make them a part of your retirement plan?See omnystudio.com/listener for privacy information.

If you are worried about up and down markets, what should that signal to you? Annuities: Some people love them, some people hate them. What’s the real story? When a healthcare event changes your retirement plans. Myth Busters: Letting your IRA grow and using it for inheritance. What is "mailbox money" and how can you create it? See omnystudio.com/listener for privacy information.

When we look back at how our retirement accounts performed in 2022, it probably won’t be with a smile. But should one down year affect your retirement date and plans? At Golden Reserve we say no, and let us show you why.See omnystudio.com/listener for privacy information.

One advisor says you need 200 stocks to be diversified. REALLY? One analyst says recession in 2023, another says 20% market growth. Who should you believe? A scary stat about pensions. Myth Buster: Don’t touch your IRA until you have to. Are you enjoying your Golden Years or worrying about the Stock Market? If you could take a guaranteed 4.5% return over the next 10 years, would you? See omnystudio.com/listener for privacy information.

Putting money into your IRA is easy. Taking money out of your IRA in retirement takes some planning. We have a listener from the Columbus area that has that question for Greg and how the Golden Reserve Tax Map can help.See omnystudio.com/listener for privacy information.

If the stock market is down, will I have to cut back on my retirement lifestyle? What could be the #1 cause of bankruptcy in retirement? Another bad apple in the financial advisor world. How can you be tax smart when dipping into your IRA in retirement? See omnystudio.com/listener for privacy information.

We are finally through the political season, but there’s always another one around the corner. You may have strong feelings about the direction of our country when it comes to policy and of course taxes. Do you make decisions with your money according to the political landscape?See omnystudio.com/listener for privacy information.

The closer you get to retirement, the harder it is to stomach loses. So why have your chips on that Blackjack Table? You can’t deny it. Statistics show most of us will need some kind of elder care. How do you plan for it? How to keep your politics and your money separate. What is a fiduciary? What does it mean, and does it really matter? See omnystudio.com/listener for privacy information.

The financial industry is full of opinion on how much you need for retirement. Those articles cause a lot of anxiety that you don’t measure up. The Golden Reserve Roadmap for Retirement will many times reveal you have done a great job and have saved enough to enjoy retirement.See omnystudio.com/listener for privacy information.

CNBC’s Jim Cramer said that Facebook (Meta) had no where to go but up. Soon after, it went down over 60% and he issued an on-air apology. How can you take some of the guess work out of your investment choices?See omnystudio.com/listener for privacy information.

It’s never good when your Financial Advisor is in tears. Jim Cramer of CNBC admits to a bad investment call. Bad Santa: Gifting with good intentions but with bad tax consequences. Limiting your tax liabilities in retirement by having a strategy for that IRA. 70% of us will need some kind of Long-Term Care. How can you protect yourself from these extreme costs? See omnystudio.com/listener for privacy information.

Greg’s book “Fire Your Financial Advisor!” will be available in February of 2023. One of the reasons he wrote the book are stories like this. See omnystudio.com/listener for privacy information.

The IRS is changing many rules about tax brackets and contribution levels for 2023. How should you react? The wealthy have a secret about income. Can we use the idea? Why are there so many opinions about annuities and what’s the truth? Is your financial advisor listening and acting according to your needs and what if they aren't? See omnystudio.com/listener for privacy information.

Financial Advisors focus mostly on investments. How at risk are you in today’s Market?See omnystudio.com/listener for privacy information.

We have faced high inflation, high interest rates and rocky markets before. How did we get through it? One study says you will have 15% more money if you use a financial advisor. Jason Aldean will be front and center at the upcoming Country Music Awards. Greg was in Nashville to talk to him. There are record amounts of cash on the sidelines. Is there a better place for that money than the bank? See omnystudio.com/listener for privacy information.

In a year when stocks are down and bonds are down as well, where do you go for safety?See omnystudio.com/listener for privacy information.

My financial advisor speaks gibberish. The idea that stocks are for growth and bonds are for safety isn’t working. How to be tax efficient when sending money to your heirs. How much money should you have in (and out) of the stock market? See omnystudio.com/listener for privacy information.

What is your idea of protecting your money from market downturns? Bonds? Cash? Pulling out of the market all together? Greg discusses the alternatives.See omnystudio.com/listener for privacy information.

Are we headed for more recession talk or are we working our way out of this market volatility? Is cash a good hedge against this market and how much should you hold? Questions you should be asking your advisor about fees. The cost of healthcare and long-term care is a shock to many retirees. How do you prepare? The things you need in retirement aren’t as grand as you think Pay the taxes early. That’s how you beat Uncle Sam. See omnystudio.com/listener for privacy information.

We love when our IRA grows, but so does Uncle Sam. The higher the balance, the more the tax bill. Greg plays Myth Buster and problem solver at the same time.See omnystudio.com/listener for privacy information.

Fiduciary is just a made-up title that means nothing How the Golden Reserve Tax Map can help with your IRA Protect and plan against the high cost of Long-Term Care Vanguard says the market will return 3-5% over next 10 years. Is that enough? Get out of the market; be safe, not greedy. See omnystudio.com/listener for privacy information.

Each week we highlight a listener question. This week Mike from Maumee asks about ways to develop income, what his returns should be, and how to handle when Uncle Sam says he has to dip into his 401(k).See omnystudio.com/listener for privacy information.

You’re not going to live forever Mike of Maumee asks about income, returns, and RMDs. What happens when you turn 72 Milk inflations won’t ruin your retirement If you didn’t pay your financial advisor, would they still be your friend? Our Myth Buster segment blows up another retirement list. What happens when you tell your kids “I’m spending the money on me”? The confusing language of the CEO of Edward Jones is actually revealing. See omnystudio.com/listener for privacy information.

It’s a classic story. When the market is up, the financial advisor takes credit, when the market is down…well, that’s just what the market does. Hang in there it will come back. Are you ok with that?See omnystudio.com/listener for privacy information.

When the market is down, “stay the course” just doesn’t cut it anymore. Anne Heche dies and doesn’t have a will in place. Why is it important for you? If you think you don’t have enough money to justify getting financial help, think again. Why Greg believes your financial advisor is not your friend, even if they make it look that way. Retiring requires a multi-faceted TEAM to do so, not just a single financial advisor. See omnystudio.com/listener for privacy information.

ESG investing is using your moral compass to pick your investments. It’s trendy, but some are saying it may be against the fiduciary standard for financial advisors. And we’re saying, it really doesn’t matter and it’s all a facade.See omnystudio.com/listener for privacy information.

Uncle Sam is going to screw your spouse and kids. Take the chips off the table because you’re already ahead. One of the new hip catchphrases in financial planning is ESG investing. Is it right for you? Is it right for anyone? Financial advisors make up terms and acronyms to hide their lack of services. It’s time to look at your tax liabilities in retirement over the long term. The last leg of a recession is usually the worst. Is that where we’re headed? See omnystudio.com/listener for privacy information.

Not all annuities are bad! Don’t believe the lie. It’s time to debunk yet another article as Greg pulls back the curtain on why the financial industry wants to steer you away from these safer options.See omnystudio.com/listener for privacy information.

The goal of retirement is to enjoy being retired, not to worry. Make your retirement exciting by making your retirement plan boring. Should your 6-month emergency cash fund actually be 24 months? Are there better alternatives to cash? Is your 401(k) a good bridge to filing social security later? You’re actually UP about 350% over the last 10 years.See omnystudio.com/listener for privacy information.

Can you sleep at night? That’s the test to figure out if you have the optimal portfolio. There’s a time when it’s okay to celebrate, say “I made it”, take the chips off the table, and go retire in peace.See omnystudio.com/listener for privacy information.

Financial advisors take credit for a good market and tell you to sit tight during a bad market—don’t pay 1% for this “advice”. Plus, let’s talk about how to beat Uncle Sam.See omnystudio.com/listener for privacy information.

$10k a month is the average cost for a nursing home. And 70% of Americans will need some type of Long-Term Care. Are your life’s savings secure? Asset-protection Trusts might be the answer.See omnystudio.com/listener for privacy information.

How we make your retirement exciting and your retirement plan boring. Bonds may not be the best place to find retirement income. Are annuities a good option? It’s okay to be behind in retirement, just don’t fall further behind. What can be the difference maker to getting you on track? 70% of Americans will need some type of Long-Term Care. How can you protect yourself and your family from this huge expense?See omnystudio.com/listener for privacy information.

The more you plan, the more you keep. Those are words from IRA expert Ed Slott, who says you don’t have to go along with Uncle Sam’s tax plan. With good planning, you can limit your tax bill.See omnystudio.com/listener for privacy information.

The important parts of retirement planning aren’t found on the financial news networks. They are found with you and your family. Are you going to go with Uncle Sam’s tax plan or your tax plan? Does your advisor talk a good game but not listen? Estate planning should be a family discussion, but are there things you should keep secret?See omnystudio.com/listener for privacy information.

Does your financial advisor listen to your concerns? We read an email to Market Watch where the advisor isn’t communicating and is making excuses for big losses. Why do we allow the financial industry to get away with this? Greg has a theory.See omnystudio.com/listener for privacy information.