Stay Wealthy Retirement Podcast

The markets are off to the worst start since 1939! Given that, I'm answering three (3) BIG questions from listeners today: Why are stocks AND bonds down at the same time + what should investors be doing right now to protect their portfolio? How can we improve our mindset and gain optimism in the face of negative economic outlooks? What is the correct order of operations when withdrawing money in retirement? If you're asking similar questions and concerned about the current state of the markets, you're going to love this episode. Want to Lower Your Tax Bill + Improve Retirement Success? 👉 Click Here to Get Your FREE Retirement & Tax Analysis To grab the links and resources for today's episode, click here.

Today I'm sharing details about a (new) popular financial scam. To help you stay safe, I'm also sharing 3 ways to stay safe and protect yourself in retirement. (Hint: your "complex" password may not be as secure as you think. 😲) If you want to learn about this sophisticated financial scam + tips for protecting your family, this episode is for you. Need Retirement & Tax Planning help? Click here to learn more about our Free Retirement Assessment™. For the episode show notes and links, click here.

Today I'm talking about investing. Specifically, I'm joined by data scientist and author, Nick Maggiulli, and we're talking about: How to invest in high inflationary environments Why you shouldn't "buy the dip" A unique formula for investing during market drawdowns If you're ready to dive into data and get answers to some of the biggest investing questions, this episode is for you. 👉 Click here to learn more about our Free Retirement Assessment For the episode show notes and links, click here.

Inflation jumped 8.5% through March. This is the highest reported level since 1981. 😬 It was also the biggest monthly jump in prices since 2005. However...there are some tentative signs that inflation may be slowing. I share more in this episode + provide thoughts on how retirement savers might respond. 👉 Learn more about our Free Retirement Assessment For the episode show notes and links, click here.

Today I'm tackling part two of our series on Roth conversions. Specifically, I'm sharing: How to determine if a Roth conversion makes sense A Roth conversion case study Common mistakes + pitfalls to avoid If you're ready to master Roth conversions and take control of your tax bill, you're going to love today's episode. Need retirement + tax planning help? 👉 Learn more about our Free Retirement Assessment For the episode show notes and links, click here.

Today I'm kicking off a 2-part series on Roth conversions. Specifically, here in part one, I'm breaking down: What a Roth conversion is How a Roth conversion works Why Roth conversions are so popular If you're ready to master the basics of Roth conversions, today's episode is for you. Need tax and retirement planning help? 👉 Learn more about our Free Retirement Assessment For the episode show notes and links, click here.

Today I'm addressing inflation (again), war, and the risk of a recession. Specifically, I'm sharing: An update on the recent inflation report Why my previous inflation comments were wrong The probability of a recession + what retirement savers should be doing If like most investors, you're nervous about the current environment and looking for guidance, today's episode is for you. Need tax and retirement planning help? 👉 Learn more about our Free Retirement Assessment For the episode show notes and links, click here.

Today I'm talking about Roth conversions. But instead of talking about why they're so great... ...I'm sharing 5 reasons why you might NOT do them. To help, Steven Jarvis, CPA, joins me. Together, we share a handful of often-overlooked reasons that might make you pause. If you're ready to learn why you might pass on Roth conversions (today or in the future!), today's episode is for you. 👉 Click Here to Access Show Notes and Links for This Episode

Today I'm sharing what the recent spike in inflation will do to your tax bill. Why? Because the higher inflation is, the more uneven its impact is on taxes owed by retirement savers. And nobody likes it when Uncle Sam catches them off guard! If you want to know the 6 ways inflation might impact your taxes this year, you're going to love this episode. 👉 Click Here to Access Show Notes and Links for This Episode

Today I'm talking about inflation. In 2021, consumer prices rose 7%...the largest increase in 39 years. Is this good news or bad news? What does this mean for retirement investors? How should our investment strategy change in response? I'm answering these questions and more! If you're ready to address common inflation myths + learn how to take action, today's episode is for you. 👉 Access the Show Notes for This Episode

Today I'm discussing the current stock market volatility. As of a couple days ago, U.S. stocks were off to their worst start since 2016. Bonds are also in negative territory. And inflation is at its highest level in 39 years. Many retirement investors are [understandably] worried about the current state of the financial markets. If you want to learn why + how to respond as a smart investor, you'll love today's episode. 👉 Click Here to Access Show Notes for This Episode

Today I'm tackling part 2 of our life insurance in retirement series. To help, friend and fellow financial planner, Stephanie McCullough stops by. Together, we cover three main things: An academic use case for permanent life insurance to create retirement income A step-by-step process for evaluating an existing policy Tips and resources for getting conflict-free help We also break down 1035 exchanges + how you can help family members with old insurance policies. If you're ready to get into the technical weeds today and tie a bow on permanent insurance in retirement, this episode is for you! 👉 Click Here to Access Show Notes and Links for This Episode

Today I'm kicking off our two-part series on life insurance. Specifically, I'll be tailoring these episodes to those who are in retirement or close to it. Here are a handful of the things I'll be covering: What are the different types of life insurance (+ pros and cons) How to determine the need for life insurance What are the costs and tax considerations How to analyze an old insurance policy Where to buy life insurance without getting ripped off If you're FINALLY ready to understand life insurance in retirement (in plain English!), you're going to love this series. 👉 Click Here to Access Show Notes and Links for This Episode

A near-record number of tech stocks have fallen by 50% or more from their one-year highs. Is this the beginning of tech bubble 2.0? If so, how will other asset classes behave? How should retirement savers prepare? One of our listeners, John H., recently reached out with these (great) questions. If, like John, some of the recent headlines around tech & growth stocks have you concerned, you'll enjoy this listener mailbag episode.

Today I'm talking about market forecasts and predictions. Why? Unlike the core principles that create a successful investment outcome, the financial + economic environment is always changing. And the current environment drives a lot of our assumptions and decisions about the future. While I think investors should ignore most pundits, I do believe thoughtful forecasts are valuable. If you want to learn more about how to approach stock market forecasts (which there is no shortage of right now!), this episode is for you. 👉 Click Here to Access Show Notes and Links for This Episode

Two weeks ago, my wife and I came home to a major water leak. We've been bouncing around between Airbnb's with three kids and a dog since then. Fortunately, the $50,0000 (and counting!) in damages are being covered by insurance. But I learned that's not always the case. I learned that some VERY large insurance companies have recently stopped covering this type of loss. If you want to learn more about my current situation + how you can ensure your home is properly protected, this episode is for you. And if you want to throw your name in the hat for a custom, high-quality Stay Wealthy hoodie, click here. (I'll be drawing names on January 3rd and shipping them off!) 👉 Click Here to Access Show Notes and Links for This Episode

The Social Security program currently pays more in benefits than it collects in revenue. If no changes are made, Social Security will become insolvent by the year 2034... ...and all beneficiaries (regardless of age or income) will face a sudden 22% benefit cut. Even more, some proposals to fix Social Security include stripping 100% of benefits from high-income retirees. This has led a lot of retirement savers to ask: "Should I include Social Security in my retirement planning projections?" If you have the same question, you're going to love today's episode. 👉 Click Here to Access Show Notes and Links for This Episode

Today I'm sharing key findings from a 22-year study on investing in real estate. In general, there are three primary ways you can invest in real estate: Direct ownership Listed real estate Unlisted real estate Most investors agree that allocating to real estate is prudent. But they don't always agree on the best investment vehicle to use. If you continue to wrestle with how to invest in real estate, you'll enjoy the recent results I'm sharing from a 22-year study on this popular asset class. 👉 Click Here to Access Show Notes and Links for This Episode *** NOTE: The show notes page I reference in the audio of this episode is incorrect. The correct episode number is 135 and the show notes can be found by going to www.youstaywealthy.com/135 ***

Today I'm sharing 11 surprising facts about tax planning, investing, and retirement. For example, if you: Retired in the year 2000 with $1 million, invested all of it in the U.S. stock market, and withdrew $50,000 (adjusted for inflation) per year... ...you would have been out of money by 2018! If you want to learn how that could be + have some educational fun with retirement/investing statistics, today's episode is for you. 👉 Click Here to Access Show Notes and Links for This Episode

Today I'm clearing up some confusion from a prior episode. I'm also tackling part 2 of our equity compensation series. Specifically, I'm sharing: How ESPP Lookback Periods Work Qualifying vs Disqualifying Dispositions Tips for Offsetting an RSU Tax Bill If you want to better understand the tax implications of equity compensation, you're going to love today's episode. 👉 Click Here to Access Show Notes and Links for This Episode

In 2018, GE stock traded at $7/share—an 85% drop from its all-time high. Who was hit the hardest? Company retirees...including former factory workers who used equity compensation packages to save for retirement. In part one of our equity comp series, I'm breaking down: What it is Why it exists How to manage the risks Friend and fellow planner, Odaro Aisueni, also drops by to share his wisdom and expertise. If you want to better understand equity compensation + learn about the overlooked risks of company stock, you're going to love today's episode. 👉 Click Here to Access Show Notes and Links for This Episode

Today I'm talking about inflation. While inflation has historically averaged ~3%, the most recent CPI report showed an annual rate of 5.4%. 😲 But I'm going to share why that number doesn't tell the whole story. I'm also sharing how some people are using the recent CPI report to try and scare you before Halloween even starts. Finally, I'll be providing tips for how retirement investors can improve their portfolios if moderately high inflation persists. If you want to know what the current inflation numbers mean for your retirement + how to combat this BIG SCARY threat, today's episode is for you. 👉 Click Here to Access Show Notes and Links for This Episode

Today I'm talking about preferred stocks. Why? One of our listeners, Gene, was recently concerned about the low yields he was getting on bonds & cash. And he was wondering if preferred stocks would be an appropriate alternative. In addition to answering Gene's great question, I'm also breaking down: What preferred stocks are Why you might invest in them How to spot little-known risks If you're ready to learn all about preferred stocks (in plain English!), today's episode is for you. 👉 Click Here to Access Show Notes and Links for This Episode

Today I'm talking about the U.S. National Debt which currently sits at ~$28 trillion. While that is a GIANT number, I'm sharing why current debt levels are not as big of a problem as most think. If you want to learn why (in plain English!), you're going to love today's episode. 👉 Click here to access show notes for this episode

Today I'm talking about the benefits of Market-Cap-Weighted index funds (e.g., Vanguard Total Stock Market). Why? Last week, I made a brief comment that there were some benefits to owning them...and a number of you reached out asking what those were. If, like these other listeners, you're also curious about the benefits of market-cap-weighted funds, you're going to love today's episode! 👉 Click here to access show notes for this episode

The average interest rate for savings accounts is 0.06%. National home prices just reported their highest one-year gain in history. The U.S. stock market is up ~700% since March 2009. When everything seems risky and overbought, what do retirement savers do? How do you earn a healthy 7-8% return over the next 10-20 years? I break it all down in this week's episode. 👉 Click here to access show notes for this episode

Today I'm sharing the hot off the press results of the annual "Mind the Gap" study. Once again, over the last 10 years, investors earned ~2% per year less than the funds they invested in. (Hint: It's not because of fees or taxes.) If you want to learn... Why this return gap exists What asset classes are most at risk And how you can improve your returns ...you'll love this episode. 👉 Click here to access show notes for this episode

Today I'm talking about Required Minimum Distributions (RMDs). Specifically, I'm sharing: How RMD withdrawal rates can creep up to 12% Why they can cause you to overpay the IRS How to use an RMD-based approach to create retirement income When RMDs can put you at risk of over withdrawing What you can do to reduce your RMD tax bill If you want to get a quick Masterclass on Required Minimum Distributions (RMDs) and take control of your tax bill, this episode is for you! 👉 Click here to access show notes for this episode

Today I'm wrapping up our retirement income series by talking about Dynamic Withdrawal Strategies. Dynamic strategies are designed to: Maximize retirement income Greatly lower the chance of running out of money Combat inflation and maintain purchasing power If you want to learn about dynamic withdrawal strategies, their pros & cons, and how to implement them, today's episode is for you. 👉 Click here to learn more about our Free Retirement Assessment To access the show notes for today's episode, click here.

Today I'm talking about immediate annuities and dividend stocks as potential retirement income solutions. Specifically, I'm sharing the what, why, and how behind each strategy. I'm also sharing their pros + cons. If you want to find out if annuities and dividends will solve your retirement paycheck puzzle, you're going to enjoy this episode! 👉 Click here to access show notes for this episode

Today I'm breaking down the 4% rule. Specifically, I'm sharing: A brief history of the rule Why the creator doesn't follow it The pros and cons I'm also sharing how you might take the current environment into consideration when using the 4% rule. If you want to understand the most popular retirement income strategy once and for all, this episode is for you. 👉 Click here to access show notes for this episode

Today I'm kicking off a multi-part series on creating a reliable income stream in retirement. To help set the stage for this series, Michael Kitces drops in to share why most retirees will NEVER draw down their portfolio. In fact, he shares how the 4% rule is more likely to quintuple wealth than deplete it over 30-years. If you're ready to learn everything you need to know about creating a retirement paycheck, this series is for you. 👉 Click here to access show notes for this episode

Today I'm talking about car ownership. Specifically, I'm sharing: The Total Lifetime Cost of Owning a Car How Buying New Can Cost the Same as Buying Used Why Leasing a Car Isn't Always the Wrong Decision I also let you in on a little secret about my personal approach to car ownership. 😲 If you want to better understand the true cost of owning a car (and hear my public confession!), today's episode is for you. 👉 Click here to access show notes for this episode

Today I'm talking about I-Bonds, a type of savings bond that some call "the best kept secret in America." Specifically, I'm sharing: What they are Why successful retirement savers might NOT be racing out to buy them Who they might be a good fit for If you're interested in learning about a safe investment designed to combat inflation, today's episode is for you.

Today I'm responding to some constructive criticism I received from a listener. I'm also sharing my conversation with Steve Chen, host of The NewRetirement Podcast. Along with sharing a personal update on having three kids under age 5, we dig into: Tax planning opportunities + misconceptions What to do when you've saved more for retirement than you can spend Why people put off estate planning and how to take action Be sure to stick around to the end where we answer a few listener questions and chat about the current state of the markets. 👉 Click here to access show notes for this episode

Want to learn how to lower your tax bill + improve retirement success? Click Here to Get Your FREE Retirement & Tax Assessment --------------------------------------------- Today I'm tackling part two of our series on Long Term Care (LTC). Specifically, I'm breaking down three big things: The types of LTC insurance available (and the pros and cons of each!) Major pitfalls to avoid Vetted resources to help you take action If you want to understand how to maximize your dollars (and coverage!) when buying long-term care insurance, today's episode is for you. 👉 Click here to access show notes for this episode

Today I'm kicking off a two-part series on Long Term Care (LTC). In part one, I'm sharing: LTC statistics that don't often make headlines Why everyone (yes everyone!) needs a plan for LTC My 5-step process for determining if you can self-fund If Long Term Care is one of those financial planning items you STILL haven't tackled yet, this series is for you! 👉 Click here to access show notes for this episode

Today, guest host Jeremy Schneider talks about retirement accounts. Specifically, he shares why having all of your money locked up in them is a problem + how to access your funds early. He also answers a listener question about where to prioritize investing in a 403(b). If you invest in any type of retirement account (e.g., IRA, 401k, etc.), you don't want to miss his VERY last episode. 👉 Click here to access show notes for this episode (Including a unique Stay Wealthy discount code for Jeremy's investing course!)

Today, guest host Jeremy Schneider explains why he removed oil and gold from his portfolio. In fact, he broke one of his cardinal rules of investing to do it! He also answers a listener's question about investing money that's being saved for a home down payment. If you're a retirement investor who is curious if gold or oil (a.k.a. commodities) belong in your portfolio, you're going to love this episode! 👉 Click here to access show notes for this episode

Today, guest host Jeremy Schneider breaks down the 5 most common arguments AGAINST index funds. Specifically, he shares how individual investors are impacted + his response as an index fund advocate. He also answers a listener question about paying off debt vs. investing. If you're a retirement saver who loves low-cost index funds as much as we do, today's episode is for you! 👉 Click here to access show notes for this episode

Today, guest host Jeremy Schneider takes a deep dive into the COVID-19 stock market crash of 2020. Specifically, he's talking about: What the trading circuit breaker is and why it exists How the length and severity of the COVID crash stacks up to other historical catastrophic events What retirement investors should consider going forward when reviewing their investments Jeremy also answers a listener's question about rent vs buy given sky-high real estate prices. If you're a retirement investor interested in using history to make more informed decisions about the future, you're going to love this episode. 👉 Click here to access show notes for this episode

Today, guest host Jeremy Schneider covers three BIG topics: When market timing works How to invest a windfall of money What to do if you're afraid to invest in the stock market If you're a nervous retirement investor concerned about investing at market highs, this episode is for you! 👉 Click here to access show notes for this episode

Learn how to: Lower your tax bill Optimize investments Improve retirement success Click Here to Get Your FREE Retirement Assessment --------------------------------------------- Today I'm sharing two simple tax planning tips. These tips will help you catch common errors we're finding on 2020 tax returns. I'm also sharing some fun (personal) news with our listeners! 😲 If you've filed your 2020 tax return and want to avoid any big surprises this year, today's episode is for you.

Today we're diving into ESG investing. ESG stands for Environmental, Social, and Corporate Governance. And because the world of ESG is messy and complicated, I asked Liz Simmie, co-founder of Honeytree Investment Management, to help us break it down. Liz is wildly knowledgeable about purpose driven investing and addresses three big questions in this episode: What is ESG investing (in plain English!) How retirement savers should approach fees when investing in ESG funds What is the most important data point to screen for when choosing an ESG strategy If you want to learn the right way to approach ESG investing and how to integrate it into your retirement portfolio, you're going to love this episode. 👉 Click here to access show notes for this episode

Want to learn how to lower your tax bill, optimize investments, and improve retirement success? Click to get your FREE Retirement Assessment ================================= Today I'm sharing my current thoughts on bitcoin. A special guest also drops by to share his point of view, including why bitcoin should NOT be used as a store of value. If you enjoyed last week's interview and you're craving to hear a different perspective, today's episode is for you. 👉 Click here to access show notes for this episode

Today I'm joined by Isaiah Douglass, MBA, CFP®. Isaiah is wildly knowledgeable (and passionate!) about Bitcoin. He's also very optimistic about its future. I have more questions than answers, so I brought him on the show to share his perspective + challenge my thinking. I asked him questions such as: Why should we trust that 10-years of Bitcoin data is sufficient? Is Bitcoin a speculative investment? What are the best-case and worst-case scenarios for Bitcoin? ...and more! If you're wondering if Bitcoin will "pop" like the dot-com bubble or if it belongs in your investment portfolio, this episode is for you. 👉 Click here to access show notes for this episode

Today I'm joined by special guest, Lazetta Braxton, MBA, CFP®. It's almost impossible to miss Lazetta these days! She's been seen on NBC Nightly News, CNBC's Closing Bell, and she's a regular contributor to the Wall Street Journal Financial Experts blog. Lazetta also co-wrote a new book titled "How I Invest My Money" which was illustrated by friend of the show, Carl Richards. In this conversation, we talk about: How I Invest My Money + Investing in Human Capital Lazetta's "Go to Hell" fund What she's doing to provide broader access to financial advice If you want to learn how investing in human capital can be part of your retirement plan, you're going to love this episode. 👉 Click to access the links and resources for this episode

A quick reminder that we're currently offering a FREE retirement & tax return analysis. Learn how to lower your tax bill, optimize investments, and improve retirement success. Click to learn more. ============================== Today I have a special episode for you. I'm sharing a sneak peek into an incredible new project launched by Tyrone Ross. (You don't want to miss this.) I'm also joined by Caleb Silver, Editor in Chief for Investopedia.com. We talk about three big things: How he thinks about the media's role in financial content and education The biggest investing mistakes readers made in the last 12 months What you need to know about fractional shares, limit orders, and SPACs (in plain English!) If you want to learn how to be a better investor from the person leading the charge at one of the largest financial information websites, you'll love this episode.

Today I'm wrapping up our two-part series on robo-advisors. Specifically, I'm sharing THREE things: The pros and cons of using a robo-advisor Major pitfalls to watch out for How to choose the right one If you currently use a robo-advisor – or you're considering one in the near future – this episode will help you better understand if it's a good fit + how to avoid costly mistakes.

The stock market has been screaming upwards for over 10 years. In fact, the S&P 500 just crossed 4,000! Many retirement savers are starting to get worried, thinking we must be due for a crash. Is it dangerous to invest at market highs? Should you wait for a correction before investing more money in stocks? What if you're retired? Should you be investing in stocks at all? If you've been asking yourself these same questions lately and feeling a bit nervous about the stock market, today's episode is for you.