Simply Money by Allworth Financial
121 episodes — Page 3 of 3
Ep 256Decoding the first interest rate cut in four years.
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.
Ep 255Navigating inflation, interest rates, and smart investing.
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.
Ep 254Avoiding common investor pitfalls: Your guide to smart financial decisions
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.
Ep 253The 3% Drop: Did You Fall into the Investor Trap?
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.
Ep 252Strategies when approaching retirement, the Social Security COLA projection, the risks of abusing home equity, and more.
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.
Ep 251Interest rate cuts on the horizon, the retirement account strategy that could save you thousands, and the significance of the Fiduciary standard.
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.
Ep 250The Wall Street roller-coaster ride, scary headlines exposed, and common mistakes to avoid if you want to retire early.
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.
Ep 249The Fed sets the stage for an interest rate cut, a lesson on election stress and investing, and mindset shifts to make for financial freedom.
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.
Ep 248Preparing for an interest rate cut, a big mistake many are making with their 401(k)s, and retirement fact or fiction.
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.
Ep 228The most common financial questions answered, what to do when your advisor is retiring, and you ‘Ask the Advisor.’
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.
Ep 247A milestone in the fight against inflation, when you should call your financial advisor, and when buying travel insurance makes sense.
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.
Ep 246Breaking down the first half of the year, steps to take to retire early, and does being rich matter?
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.
Ep 245The calm before the storm, a deep dive into asset allocation, and when cash is NOT king.
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.
Ep 244Why now is an important time to review your financial plan, plus how to inflation-proof your portfolio.
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.
Ep 243A cool inflation report, what the IRS doesn’t tax, and why some won’t get their 401(k) match.
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.
Ep 242The power of fear and greed, 401(k) changes that would benefit you, and major purchases that retirees regret.
They are the two most powerful emotions investors act on. Fear and greed. On this Best of Simply Money podcast, Amy and Steve discuss the ramifications of those feelings with world renowned investment manager Apollo Lupescu. Plus, they play some retirement ‘fact or fiction.’
Ep 241SPECIAL EPISODE: Will the Presidential election impact your investments?
Some investors are wondering whether they need to tweak their portfolios as the race for the White House gets closer. Maybe even you. On this special episode of the Best of Simply Money podcast, Amy and Steve speak with a man known as the “secretary of explaining stuff.” He is Dimensional Fund Advisors Vice President Apollo Lupescu, and his precise data clearly shows how you should react.
Ep 2401,282 reasons to stay invested in the stock market.
On this week’s Best of Simply Money podcast, Amy, Steve, and Allworth Chief Investment Officer Andy Stout provide concrete data that explains why getting in and out of the market is a horrible idea. Plus, they discuss the warning signs of a bad investment.
Ep 239An investor friendly inflation report, the return of the meme stock craze, and Social Security myths debunked.
On this week’s Best of Simply Money podcast, Amy and Steve discuss whether a cooler than expected inflation report has a bigger impact on your 401(k), or your wallet. Plus, they discuss the impact that money has on mental health.
Ep 238The impact of the great wealth transfer, how long your savings should last you, and retirement fact or fiction.
$85 trillion dollars will soon be in the hands of younger generations. On this week’s Best of Simply Money podcast, Amy and Steve discuss how each generation should take advantage of this massive movement of money.
Ep 237The Fed stays put, the proper 401(k) allocation, and why you might retire sooner than you want.
On this week’s Best of Simply Money podcast, Amy and Steve discuss the Fed’s decision to keep interest rates the same once again. Plus, the questions to ask yourself when you are creating your 401(k) objectives.