Simply Money by Allworth Financial

On this week’s Best of Simply Money podcast, Bob and Brian explore why even the smartest people can make lousy financial decisions — and what you can do to avoid the same traps. Then, why Gen X may be facing the toughest retirement landscape yet… and what can still be done about it. Plus, building your personal brand in retirement, and you ‘Ask the Advisor.’

On this week’s Best of Simply Money podcast, Bob and Steve take a step back from the usual market talk and get personal - asking a simple but powerful question: What does money really mean to you? Is it security? Freedom? Maybe status? Everyone sees money differently, and Bob and Steve dig into how those views shape the financial decisions we make—often more with our hearts than our heads. They also walk through how to stress-test your financial plan (without freaking out), and why emotions can sometimes throw logic out the window. Plus, hear how a solid plan can give you the freedom to live life on your terms—whether that’s retiring early, switching careers, or just sleeping better at night. It’s a refreshingly real conversation about money, mindset, and making choices that actually fit your life.

On this week’s Best of Simply Money podcast, Amy and Bob break down the Fed’s decision to hold interest rates steady—and what it really means for your money. They push back on the latest bearish market predictions and explain why they might not matter. Plus, is a recession looming? Hear which risk indicators they’re watching and how smart investors can prepare without panicking.

On this week’s Best of Simply Money podcast, Amy and Bob break down how market volatility is shaking up portfolios - and what you can do about it. They explain why the classic 60/40 mix of stocks and bonds still matters and how global diversification (think Poland and Spain) could be your portfolio’s secret weapon in 2025. Plus, they sound the alarm on concentrated bets like the ‘Magnificent Seven’ tech stocks - and why those high-fliers are now dragging investors down.

On this week’s Best of Simply Money podcast, Amy and Bob unpack what’s really behind the latest market turbulence — and it’s not just the headlines. Tensions are rising between President Trump and Fed Chair Jerome Powell, and the ripple effects are hitting investors hard. They’ll take you through past moments when presidents have clashed with the Fed, and what history can teach us about what might come next. Plus, they share practical advice for keeping your financial plan steady — including why a globally diversified portfolio and a fresh look at bonds and international stocks might be exactly what your portfolio needs right now.

On this week’s Best of Simply Money podcast, Amy and Bob dive deep into the ongoing tariff negotiations impacting international trade and markets. They share their insights into how this volatile environment affects investors, highlighting key market reactions like exemptions on electronics impacting tech stocks such as Apple. Plus, Amy and Bob cover the current landscape of corporate earnings, emphasizing the lack of guidance from companies and the implications for investors. With Congress grappling with tax laws and the challenges in dealing with international agreements, they suggest listeners brace for continued volatility. They caution against emotional decision-making and emphasize adaptive strategies, including the potential benefits of Roth conversions during market lows. This episode is a must-listen for anyone looking to understand the complexities of tariffs, trade, and market strategies amidst uncertainty.

On this week’s Best of Simply Money podcast, Amy and Bob discuss wild market swings and delve into the misconceptions surrounding market indices, particularly the Dow Jones Industrial Average. They explain why it may lead investors astray. Plus, they provide tips on portfolio rebalancing during volatile times and the role of a fiduciary advisor in navigating these challenges. This episode is a must-listen for anyone looking to better understand their investment choices in today’s ever-changing market landscape.

On this week’s Best of Simply Money podcast, Amy and Bob explore the current state of the economy, dissecting the fear-inducing headlines that dominate the financial news landscape. Then, they discuss alternatives to the traditional 60-40 portfolio, aiming to provide listeners with strategies for diversifying investments amid market uncertainty. Plus, Amy shares firsthand insights on navigating divorce from a financial standpoint, highlighting the pitfalls of clinging to emotionally charged assets and the necessity of being financially informed. The episode concludes with a closer look at how current events, like inflation and egg prices, tie back to overarching financial principles.

On this week’s Best of Simply Money podcast, Amy and Bob unravel the complexities of market fear and investor behavior during turbulent times. They share real-life stories, plus the psychological triggers that influence our financial decisions, all while offering actionable advice to maintain a steady course amid market volatility.

On this week’s Best of Simply Money podcast, Bob and Steve delve into the influence of U.S. Presidents on financial markets. They discuss whether political figures truly impact the economy or if this perception is fueled by media bias and emotional reactions. Using research from Dimensional Fund Advisors, Bob and Steve analyze historical data. They also provide insights into retirement planning during market volatility, underscoring the crucial role of financial advisors in navigating emotional investment decisions and ensuring portfolio resilience.

On this week’s Best of Simply Money podcast, Amy and Bob uncover hidden tax traps that could quietly drain your savings and investments. Learn how to manage capital gains taxes smartly, avoid common IRA tax pitfalls, and navigate the impact of required minimum distributions (RMDs). Plus, they break down how Social Security benefits can unexpectedly trigger higher taxes—and what you can do about it.

On this week’s Best of Simply Money podcast, Amy and Bob break down recent market volatility and what it means for investors. They’re joined by Allworth's Chief Investment Officer, Andy Stout, who provides historical context on market downturns and insights into managing large portfolios. They also explore how tax-smart trading can enhance portfolios of all sizes, offering key strategies to optimize financial growth. Plus, Andy shares how investors can align their portfolios with their personal or religious values, without sacrificing returns.

On this week’s Best of Simply Money podcast, Amy and Bob navigate the complex world of cryptocurrency, offering insights into its evolving role in investment portfolios. They discuss strategies like Bitcoin ETFs as a safer entry point, while also stressing the importance of understanding the high volatility and ensuring investments do not jeopardize long-term financial goals.

On this week’s Best of Simply Money podcast, Amy and Bob address the pitfalls of lifestyle creep among high-income earners who often neglect long-term financial planning in favor of immediate gratification. They hit on the often-overlooked impact of taxes on retirement savings, and the importance of a proactive approach to financial planning. Plus, Amy and Bob answer listener questions on structuring portfolios to balance risk and reward, considering alternative investments like private equity and hedge funds, and the timeless debate of stocks versus diversification.

On this week’s Best of Simply Money podcast, Amy and Allworth advisor Bob Sponseller break down the latest inflation numbers that have triggered unexpected market volatility—and what it all means for your finances. Then, they explain why now could be the perfect time to contribute to your IRA. Plus, in the spirit of Valentine’s weekend, they share tips to protect not just your heart, but also your wallet.

On this week’s Best of Simply Money podcast, Amy and Allworth advisor Bob Sponseller discuss the potential impact of a global trade war on your money. They show how the global economy is connected, especially how tariffs can affect everyday items like lumber and cars. Plus, they examine the volatile market reaction to tariff talks and explain the importance of not making hasty financial decisions based on market predictions.

On this week’s Best of Simply Money podcast, Amy and Allworth advisor Bob Sponseller delve into the whirlwind world of AI stocks and the unpredictability they bring to the investment landscape. With discussions around the emerging Chinese AI company DeepSeek and its potential market disruption, they explore the volatility affecting major tech giants like NVIDIA and Broadcom. Amy and Bob also navigate through the intricacies of financial predictions and their implications on your future. Then, they dive into the pressing issue of including private equity options in 401(k) plans. They weigh the pros and cons, emphasizing the need for financial literacy and understanding the risks involved. Finally, they tackle the emotional and financial hurdles of divorce. Sharing personal experiences and professional advice, they guide listeners on managing assets, avoiding emotional financial decisions, and building a secure financial foundation for the future.

On this week’s Best of Simply Money podcast, Amy and Allworth advisor Bob Sponseller delve into the often overlooked yet crucial aspect of financial decision-making - behavioral finance. They explore how common biases like overconfidence, loss aversion, and herd mentality can significantly influence your investment choices and financial outcomes. Through relatable anecdotes and expert insights, they shed light on the intertwining of psychology and finance. Understand how emotions such as fear and greed can lead to irrational investment decisions and learn strategies to manage these influences effectively. Amy and Bob also discuss the importance of staying informed and maintaining a balanced perspective in a media-saturated environment that often fuels recency bias.

On this week’s Best of Simply Money podcast, Amy and Allworth advisor Bob Sponseller delve into the art of retirement planning beyond just finances. Explore the exciting idea of creating a bucket list to give your retirement life purpose and structure, whether you're planning it alone or with a partner. They also discuss the importance of diversifying your investments and the risks associated with having too much stock in one company, offering practical advice on managing concentrated stock positions safely. Lastly, they unravel the complex world of capital gains taxes, providing insights into how smart planning can significantly impact your financial future. Don't miss this episode filled with expert advice for securing a joyful and financially stable retirement.

On this week’s Best of Simply Money podcast, Amy, Steve and Allworth advisor Bob Sponseller discuss the repeal of the Windfall Elimination Provision and Government Pension Offset. These changes will greatly benefit those with public pensions such as teachers, firefighters, and police officers, allowing them to receive full Social Security benefits alongside their pensions. They also tackle concerns about potentially misleading financial headlines that can lead investors to make hasty decisions. Plus, the episode provides valuable advice on how to maximize your 401(k) contributions without missing out on employer matching, highlighting the importance of understanding your plan's features, including true-up provisions.

On this week’s Best of Simply Money podcast, Amy and Steve dive into the topic of the Great Wealth Transfer, a significant financial phenomenon set to occur as the silent generation and baby boomers pass down $85 trillion in assets to Gen X and millennials over the next two decades. They explore the implications this wealth shift might have on society, individual financial planning, and the potential challenges it presents for younger generations. With insights into managing newfound inheritance, the importance of communication within families, and strategic planning to navigate this economic change, this episode offers valuable advice for anyone likely to be affected by this transformative generational exchange.

On this week’s Best of Simply Money podcast, Amy and Steve delve into the crucial elements of crafting a successful financial plan. This episode breaks down the seven major components necessary for a robust retirement strategy, starting with determining your retirement income needs. Learn how to account for expenses that disappear post-retirement and understand the phases of the go-go, slow-go, and no-go years. Discover effective debt management tactics aimed at ensuring a stress-free retirement. With insightful discussions on tax planning, Amy and Steve emphasize the importance of organizing your accounts for optimal tax efficiency, including strategies like Roth conversions and tax loss harvesting. Investment management also takes center stage, providing a comprehensive look at risk management and maximizing portfolio returns to ensure your financial plan supports your desired lifestyle. The episode further explores essential aspects of estate planning, offering guidance on avoiding probate and ensuring your legacy is intact. Additionally, it highlights the significance of maintaining diversified income sources throughout retirement, ensuring flexibility and tax advantages. Tune in to learn how a well-rounded financial plan can secure your financial future while allowing you to enjoy your retirement years to the fullest.

On this week’s Best of Simply Money podcast, Amy and Steve delve into how one crucial chart can significantly impact the stock market and your 401k. In a lively discussion with Allworth advisor Bob Sponseller, they explore the emotional rollercoaster investors face during volatile market days and emphasize the importance of limited 401k checks to maintain peace of mind. The episode highlights recent market movements driven by Federal Reserve announcements, focusing on their "dot plot" and unexpected comments that triggered investor reactions. Listeners will gain insight into the market's adjustment to updated interest rate expectations and the impact of strategic investor behavior. Amy, Steve, and Bob underscore the importance of diversification, cautioning against over-reliance on a single stock, no matter how promising it appears. They offer practical advice for protecting your investments from sudden market swings influenced by leadership statements from major companies such as Microsoft and NVIDIA.

On this week’s Best of Simply Money podcast, Amy and Steve discuss the ever-popular topic of financial predictions, focusing on what the stock market could look like in 2025. They dive into the motivations behind market forecasts and why it's crucial not to let fear and greed drive your investment decisions. With mentions of recent bold predictions by various financial analysts, they emphasize the importance of sticking to a long-term financial plan regardless of speculative headlines. Tune in to understand how emotional investing can derail financial futures and why a solid, facts-based financial strategy is your best bet for success.

On this week’s Best of Simply Money podcast, Amy and Steve delve into the dangers of investing in a market that's currently on a high. While it may seem like the best time to invest heavily in thriving stocks, such as those in the S&P 500, Amy and Steve caution listeners about the lack of true diversification. They also cover the latest offer from Robinhood – incentivizing rollovers of 401(k)s with a 1% match. While this might seem like an attractive proposal at first glance, Amy and Steve urge caution, discussing potential pitfalls and the importance of truly understanding what you’re getting into when moving retirement funds. This episode is a must-listen for anyone looking to shore up their investment strategy amid current market trends.

On this week’s Best of Simply Money podcast, Amy and Steve delve into market dynamics and the optimal strategies to adopt when markets fluctuate. In this episode, listeners gain insights into the characteristics of bear and bull markets, learning the historical data and emotional impacts of each. Amy and Steve lay out practical advice for maintaining a long-term investment strategy that's resilient to market highs and lows. Plus, they discuss how to bounce back from a financial shock, and provide a list of items collecting dust that could be worth a fortune.

On this week’s Best of Simply Money podcast, Amy and Steve dive into the intriguing world of investments versus fads. In this episode, they explore historical financial trends, discussing past fads like cryptocurrency, the dot-com bubble, Beanie Babies, the housing bubble, meme stocks, and NFTs. They highlight how these trends captivated public attention but often lacked solid investment fundamentals. Plus, they discuss the true cost of homeownership, and charitable giving techniques.

On this week’s Best of Simply Money podcast, Amy and Steve discuss how the markets are reacting to the anticipated pro-business policies of the incoming Trump administration. They explore the potential implications for stocks, bonds, and other investments, highlighting the importance of understanding market trends and avoiding reactionary financial decisions. They delve into specific examples, such as Tesla's soaring market valuation, and discuss the rising strength of the U.S. dollar. Plus, they address the recent changes in the bond market and the potential impact of Trump's fiscal plans on investors.

On this week’s Best of Simply Money podcast, Amy and Steve delve into the implications of the recent presidential election on the financial markets and investment strategies. The episode also touches on the significance of the Federal Reserve's actions over political changes and encourages investors to control what they can, such as their spending and investment strategies, while letting go of factors beyond their control.

On this week’s Best of Simply Money podcast, Amy and Steve dive into pivotal life moments when reaching out to a financial advisor becomes essential. Whether it's an unexpected increase in income, a sudden job loss, or other major life changes, they discuss the importance of seeking professional guidance to navigate these financial crossroads effectively. They also explore the unique challenges faced by high earners not retired yet (HENRYs), offering strategies for tax-efficient savings and investment opportunities. From leveraging 401k contributions to maximizing health savings accounts and non-qualified deferred compensation plans, Amy and Steve provide valuable insights to help listeners make the most of their financial situation. Plus, they address the significance of open communication in relationships during financial transitions, such as marriage or divorce.

On this week’s Best of Simply Money podcast, Amy and Steve dive into the complexities of understanding your tax brackets and the impact on financial decisions. Many individuals are unaware of their effective tax rate, leading to misconceptions about their tax liabilities. Amy and Steve break down the new tax rates for 2025 and explain the importance of understanding the thresholds that determine your tax bracket. With the Trump tax cuts set to expire at the end of 2025, they discuss the potential implications for future tax rates and the importance of proactive financial planning. Roth conversion strategies and direct indexing are highlighted as tools to help manage tax liabilities and diversify investments. The episode also covers the potential risks of having a large portion of your portfolio tied to company stock, especially for those receiving equity compensation. Amy and Steve provide insights into how direct indexing can help mitigate these risks. Lastly, the show touches on the significance of having end-of-life care conversations and selecting the right executor for your estate. Tune in to gain valuable knowledge on tax planning, investment strategies, and estate planning to ensure a secure financial future.

On this week’s Best of Simply Money podcast, Amy and Steve discuss the journey to financial independence and the crucial elements beyond just saving money. They emphasize the importance of open communication and shared goals between partners planning for retirement. Amy and Steve highlight the necessity of discussing expectations, worries, and visions for spending retirement years together. They also explore the concept of treating your home like a business, advocating for regular financial meetings to align goals. They provide examples of couples successfully navigating different financial mindsets. Plus, they delve into the critical elements for a successful transition into retirement, based on research from Allworth Financial. They discuss the importance of prosperity, connection, and purpose, encouraging listeners to cultivate these aspects before reaching retirement age. They provide practical advice on staying active, fostering social connections, and finding meaningful activities post-retirement.

On this week’s Best of Simply Money podcast, Amy and Steve delve into the world of annuity sales and the controversial practices surrounding them. As the labor department pushes for a fiduciary standard in the insurance industry, a senator's recent report sheds light on how conflicted advice can cost retirement savers up to 20% of their income. They explore the implications of this report and discuss the hidden incentives that could be influencing a financial advisor's recommendations. They also discuss the potential long-term financial dangers of frequent job hopping. With many workers changing jobs for better pay, they highlight the importance of keeping track of your 401(k) contributions to avoid losing momentum in your retirement savings. Join us for practical advice to help you navigate the complexities of financial planning and make informed decisions for your future.

On this week’s Best of Simply Money podcast, Amy and Steve delve into how you can become a smarter investor than the so-called experts on Wall Street. Discover why the experts often get it wrong, from predicting recessions to interest rate changes, and learn how to make smarter decisions for your financial future. They also explore the importance of understanding your 401(k) rollovers. Learn how a simple change in your investment approach can potentially add over $100,000 to your retirement portfolio. They discuss a new IRS ruling that could allow you to decide where your employer match goes, whether into your 401(k), an HSA, or even towards student loan repayments. Plus, they examine the classic 60-40 portfolio strategy. Is it still the best choice for everyone? Tune in to get insights on how to tailor your asset allocation to fit your personal financial goals and risk tolerance.

On this week’s Best of Simply Money podcast, Amy and Steve dive into the historical perspectives of interest rate cuts. With the Federal Reserve lowering rates for the first time in four years, they discuss the immediate market reactions and what this means for investors. Joining them is Allworth's Chief Investment Officer, Andy Stout, who provides expert insights into the Fed’s communication strategies and their impact on the markets. The episode also explores the potential for a recession in the coming year, the implications of the yield curve inversion, and how post-COVID monetary policies have affected economic indicators. Andy Stout sheds light on the prospects of achieving a "soft landing" and the forecast for future rate cuts. Additionally, the show covers the unexpected rise in mortgage rates following the Fed's decision, and the importance of personal financial planning in light of these changes. They also delve into the challenges of relying on 401k auto-enrollment and the importance of taking ownership of retirement savings. To cap it off, the episode addresses the uncertainties surrounding the upcoming presidential election and its impact on spending decisions. Tune in for a comprehensive discussion on making informed financial choices amidst economic fluctuations.

On this week’s Best of Simply Money podcast, Amy and Steve dive into the economic implications of the Federal Reserve's decision to lower interest rates by half a percent. This significant move marks the first rate cut in four years, stirring the waters of Wall Street and beyond. Joining the discussion is Allworth's Chief Investment Officer, Andy Stout, who provides expert insights into why this rate cut makes sense amid a weakening labor market and the Fed's dual mandate of stable inflation and full employment. The conversation explores the potential risks and benefits of the rate cut, the Fed's communication strategies, and what this means for investors moving forward. Whether you're an investor looking to understand the broader economic impact or just curious about the Fed's latest move, this episode offers a thorough analysis of the current financial landscape.

On this week’s Best of Simply Money podcast, Amy and Steve break down the latest inflation numbers and what they mean for the Federal Reserve's upcoming decisions on interest rate cuts. They dive into the nitty-gritty of what the Fed's data means for your wallet. Plus, they've got some practical advice on how to make the most of your emergency fund during these high-interest times. Feeling a bit of FOMO? Before you dive into the latest investment craze, they talk about the risks and how to make smarter choices. They will also guide you through the differences between HSAs and FSAs, so you can choose the best option for your healthcare expenses. And for those navigating the complexities of estate planning, especially if you have a disabled child, our expert Mark Reckman shares invaluable advice on guardianship and other alternatives.

On this week’s Best of Simply Money podcast, Amy and Steve delve into the biggest mistakes they see investors make and how you can steer clear of them. From the emotional roller coaster of trying to time the market, to taking on too much or too little risk, Amy and Steve have seen it all. Plus, they talk about the financial advice investors say they really want, share strategies for those who bring in dual incomes and have no kids in the home, and answer listener questions in their ‘Ask the Advisor’ segment.

On this Best of Simply Money podcast, Amy and Steve Sprovach take a deep dive into a mistake some investors made three weeks ago that they might not recover from. Did you make this mistake? It all started on August 5th when the S&P 500 dropped 3% after a negative jobs report for July. Even if you don’t recall the date, you probably remember the sinking feeling of checking the markets and seeing that drop. So, what did you do as an investor that day? Steve shares how, even in retirement, that drop caught his attention and got him thinking about a potential market correction. We’re discussing why sometimes doing nothing is the best strategy and how reacting to negative press can lead to bad decisions.

On this Best of Simply Money podcast, Amy and Steve Sprovach reveal the financial planning steps to take starting ten years before you tell your boss to 'take this job and shove it.' Plus, people are using the equity in their homes for all the wrong reasons. Amy and Steve explain how this can derail your chance at achieving financial freedom.

On this Best of Simply Money podcast, Amy and Steve Sprovach break down the July inflation report and explain how to prepare for looming interest rate cuts. Plus, the Fiduciary standard is under attack. Amy and Steve discuss why and fight back.

On this Best of Simply Money podcast, Amy, Steve and Allworth Chief Investment Officer Andy Stout provide perspective rather than panic in the face of recent market volatility. Plus, a look at how much umbrella insurance you should have.

On this Best of Simply Money podcast, Amy and special guest and former co-host Steve Sprovach discuss the factors that have us closer to the first interest rate cut in four years. Plus, they discuss the number one factor that usually determines whether you will achieve financial independence. Your mind.

On this Best of Simply Money podcast, Amy and Allworth advisor Andy Shafer discuss potential money moves to make as the Federal Reserve carefully considers an interest rate cut. Plus, they play some retirement fact or fiction.

On this week’s Best of Simply Money podcast, Amy and Steve take the top questions investors ask financial advisors and answer them. Plus, a breakdown of the estate documents you need.

On this Best of Simply Money podcast, Amy and Steve break down the inflation report that could fuel an interest rate cut. Plus, they discuss the benefits of automatic 401(k) enrollment, and when it’s time to reach out to your trusted financial planner.

On this Best of Simply Money podcast, Amy and Steve review the first half of 2024 and detail the mid-year financial checkup you should consider. Plus, why being wealthy is more than just a number.

The markets are in the midst of an extremely calm period. On this Best of Simply Money podcast, Amy and Steve discuss the reasons why, explain why it won’t last, and provide important context.

They say you shouldn’t build a boat in the middle of stormy seas. On this Best of Simply Money podcast, Amy and Steve discuss the steps you should take with your money right now while the waters are calm. Plus, they examine whether you should tweak your portfolio before tax cuts expire at the end of next year.

For the first time in two years, the cost of goods and services did not rise. On this Best of Simply Money podcast, Amy and Steve examine the possible impact on interest rates. Plus, they’ll take a look at when the time comes to give up financial control.