Stay Wealthy Retirement Podcast

Today I'm kicking off a two-part series on robo-advisors by sharing: What a robo-advisor is (in plain English!) Why I argue they've been around since the 1920's Who they are and aren't a good fit for If you're a retirement saver who wants to learn more about these low-cost investing solutions + if they live up to the hype, this episode is for you.

Today I'm talking about Non-Fungible Tokens (NFTs). Specifically, I'm sharing: What an NFT is (in plain English!) Why they are so valuable If this is an asset class retirement savers should take seriously If you want to know why pixelated drawings and 3-second video clips are trading hands for millions of dollars + what to make of this investing craze, today's episode is for you.

Today I'm sharing 3 of my favorite portfolio analytics tools for retirement investors. I'm also using these tools to provide an update on some of the crazy things happening in the stock market right now. So if you're ready to learn how you can use tech to better understand what you're investing in, today's episode is for you. To learn more about our FREE retirement & tax return analysis, visit www.freeretirementassessment.com.

Today I'm tackling three listener questions with my good friend, Roger Whitney: Why you don't have to invest in ESG stocks to make an impact How to replenish your emergency fund (+ how much cash is too much)? How to process retirement account withdrawals if you're trying to stay in the 12% tax bracket If you want to hear our answers to these great (and common!) retirement + investing questions, this episode is for you.

Today I'm sharing my 3 favorite tech tools for retirement savers...that have nothing to do with money! Why? Because if technology can improve your life, save time, and help you become more efficient, you'll have more time to spend on improving your financial plan :) Be sure to stay until the end because I'm sharing a few bonus tech tools as well! Even if you don't consider yourself tech-savvy, I promise you'll learn something new and easy to adopt that will make your life better...or at least more fun.

Today I'm answering a great question from one of our listeners: "Are we in a stock market bubble?" ~Nancy K., Minnesota In this episode, I share: What a bubble is How to measure stock market valuations My answer to answer to Nancy's question! So if you're a retirement investor concerned about current stock market levels, you're going to love today's episode.

Today I'm wrapping up our mini-series on Portfolio Rebalancing. Specifically, I'm sharing the 5 biggest pitfalls to watch out for. Why? Because making just one of these mistakes could wipe away the benefits of rebalancing entirely. So before you process your next rebalance (or let a computer handle it!), tune in to learn what they are and how to avoid them.

Today I'm kicking off a 2-part series on Portfolio Rebalancing. In part one, I'm sharing: What portfolio rebalancing is How and where it fits into your retirement plan The top 4 benefits of a systematic rebalancing process If you want to learn how a simple rebalancing plan can boost long-term investment returns, you're going to love this episode.

Today I'm sharing two thoughts on Gamestop and Reddit. Specifically, I'm sharing why individual investors aren't winning this battle + who benefits the most from trading platforms like Robinhood (hint: not its users). So if you want to learn why Gamestop stock traders were not the biggest beneficiary of last week's events, today's episode is for you.

Today we're talking about cash! I'm joined by Gary Zimmerman, founder of MaxMyInterest (MAX), an online platform that helps you earn a higher return on your cash savings. The best part about MAX? You can keep your existing banking relationship! So if you want to learn more about MAX and how to boost the yield on your cash, you're going to love this episode.

Today - with help from Morgan Housel - I'm highlighting two economic stories that are flying under the radar. The first story is that Americans might be in the best financial shape they've ever been in. And the second is that a large percentage of Americans don't agree with the first story. Why? Because they're in the worst financial shape they've ever been in. Tune in to learn more.

Happy New Year! To kick off 2021, I'm digging into the three BIG topics I know are on every investor's mind right now: Small Cap Value Stocks Bitcoin The Dow Jones Crossing 30,000 I'm sharing updates on each + what they mean for your retirement planning and investment portfolio in 2021 and beyond.

Today I'm sharing 3 simple tax planning strategies to consider before year-end. We have two weeks left in 2020 and my goal is to help you take action before it's too late. So if you want to lower your tax bill today and reduce your future taxes in retirement, today's episode is for you.

Today I'm talking about tax gain harvesting. While tax-loss harvesting typically gets all the attention, realizing gains and deliberately paying taxes now can oftentimes be more valuable. And once again, this strategy is not just for the ultra-wealthy... In fact, those in the highest tax brackets probably shouldn't pursue this tax planning opportunity. So if you want to learn how to harvest gains and reduce your future tax bill in retirement, today's episode is for you.

Today I'm talking about how to combine roth conversions with charitable giving. In fact, this strategy can help wipe out this year's tax bill, reduce future tax bills, and also support some good causes along the way. The best part? There's no minimum amount of net worth required to take action. So if you want to make a smart tax move while also supporting a good cause, today's episode is for you.

Today I'm wrapping up our four-part series on investing in bonds by talking about...implementation! My goal today is to help you take action. To take what you've learned these last four weeks and make some meaningful improvements to your retirement portfolio. So if you're finally able to wrap your head around the basics of bond investing and ready to take action, today's episode is for you.

Today I'm tackling part 3 of our four-part series on investing in bonds. Specifically, I'm sharing why buying bonds and holding them to maturity might not be the best strategy. In fact, if interest rates go up and we maintain a normal yield environment, it's possible that holding bonds to maturity will result in inferior returns. So if you want to continue learning how bond returns are generated and where there might be opportunities in this asset class, today's episode is for you.

Today I'm sharing part 2 of our four-part series on investing in bonds. Specifically, I'm going to dive into the two ways you can generate higher expected returns in the bond market. I'm also going to share how one of the most popular bond index funds in the world is taking more risk than most people know. As always, the information I'm sharing is based on decades of academic research...not a crystal ball :) So if you've been blindly buying bonds and you're still not sure exactly what you own or why, today's episode is for you.

Today I'm kicking off our 4-part series on investing in bonds. Contrary to what most people think, the bond market is actually more complex than the stock market. But, don't worry, I'm here to translate everything into plain English. In today's episode, you'll learn three big things about bonds: A short history lesson on savings bonds A breakdown of individual bonds vs bond funds How I think most people should invest in this asset class If you're a retirement saver who wants to better understand the world of bonds and how they work, you're going to love today's episode and this 4-part series.

Today I'm wrapping up our stock market investing series by talking about implementation. My goal? To help retirement savers build a sound investment portfolio or nudge their financial advisor to make some important tweaks based on decades of academic research. I'm sharing what to look for, pitfalls to avoid, and exactly how to go and take action. A special guest also drops by to share some tips :) If you've been throwing your money in a plain vanilla index fund and want to finally make evidence-based improvements, you're going to love today's episode.

Today I'm tackling part three of our stock market investing series. And, this is where we get to the fun stuff! In this episode, I'm sharing what historical data you might use when trying to determine which stocks to invest in. In fact, this data is what many of the top money managers in the world use to intelligently allocate their clients' assets. So if you want to learn how to research the stock market (in plain English!) and build a world-class retirement portfolio, this episode is for you.

Today I'm continuing our 4-part series on investing in the stock market by talking about the two most effective ways to invest in stocks. I'm also sharing the pros and cons of each method so you can decide what's best for you. In this episode, you'll learn three BIG things: Why individual stocks have higher expected rates of return than funds What hidden costs you need to look out for when investing How to decide between individual stocks vs. mutual funds vs. ETFs If you want to make sure you fully understand the different vehicles you can choose when investing in the stock market for retirement, you'll enjoy this episode.

Today I'm kicking off a 4-part series on investing in the stock market. And, I don't think I could have found a better guest to get us started. My favorite personal finance writer, Morgan Housel, joins us to talk about three BIG things: Why the 60/40 portfolio isn't dead The history of the 4% rule and how it applies to retirement savers today How the psychology of money applies to everyone, from boring index fund investors to stock pickers and day traders This is my favorite interview of 2020. Period. If you want to learn about investing from one of the smartest thinkers out there, today's episode is for you.

Today on the show I'm answering a fantastic question from Stay Wealthy listener, Chris M. Chris asked about how he should think about his allocation to stocks versus bonds as he gets closer to retirement. "Do I have to increase my allocation to bonds? Is it dangerous to continue to hold stocks?" If retirement is in the next 5-10 years and you want to better understand how to invest during the most vulnerable period of your financial life, this episode is for you.

Today is Jeremy Schneider's last episode as guest host before Taylor returns. He reveals the seven deadly sins of investing, including the most deadly...number seven! Jeremy dives deep into which factors can predict future investment performance and compares two similar investors...one who ends up with $1.2M and the other with less than $7,000!

Today, Jeremy Schneider of Personal Finance Club continues to fill in and will discuss the FI/RE movement sweeping through the personal finance community. He talks about shifting thoughts around retirement strategies and ages, what the "safe withdrawal rate" is, and how to calculate your "retirement number". Jeremy also answers a question from a listener on how to retire in 10 years!

Today, Jeremy Schneider shares the four biggest lies told by stock market charts. He breaks down "lost decades" and why your investment returns likely don't match what you see in stock market charts. Jeremy also answers two questions from listeners on shifting investing strategies after becoming wealthy and Roth IRAs vs brokerage accounts. If your retirement dollars are invested in the stock market, today's episode is for you.

In today's episode, Jeremy Schneider explains what dividend stocks are and why he believes that chasing dividends will actually make you less wealthy in the long run.‎ ‎ He recounts an example told by Warren Buffett explaining why Berkshire Hathaway has never paid a dividend.‎ ‎ Jeremy also answers a user question about a better way to invest than the S&P 500 when saving for retirement.

In today's episode, Jeremy Schneider of Personal Finance Club talks about the true cost of buying a car. He breaks down the long term financial impact of a car payment and tells the story of how his '99 Ford Explorer has made him over $91,000. He also answers two listener questions live on the podcast! If you have ever wondered how you should approach buying a car and what traps and pitfalls to watch out for, you're going to love this episode.

Today I'm joined by the one and only Tyrone Ross. Tyrone is a financial consultant, early-stage start-up advisor, entrepreneur, and athlete. In this conversation, we discuss: Financial literacy problems and solutions What we can do as individuals to effectively and constructively help people in need The power of proximity (one of my favorites) We also touch on many of the issues our world is currently faced with today.

Dr. Moira Somers is a psychologist and professor and has uncommon expertise in neuroscience, financial psychology, and mental health. In this interview we dive into three important topics: Direct and indirect financial stress How to have productive money conversations Why it's a bad idea to avoid talking to adult children about your end of life plans and how to have that conversation If these uncertain times have you more worried than usual and you would like to learn how to better talk to your family about money, today's episode is for you.

Today I'm joined by Ashby Daniels, CFP®. Ashby is a financial planner and the author of Medicare Simplified: What Retirees Need to Know About Medicare in 100 Pages or Less. In this episode, we are simplifying Medicare and helping you avoid costly mistakes. Unfortunately, most people don't learn about some of these mistakes until they get sick and need their benefits. If you want to learn how to maximize your Medicare benefits and keep more money in your pocket, you're going to love today's show.

Today I'm on the other end of the microphone! I was recently on the Get Wealth Fit podcast. Dustin (the host) led a great conversation and I wanted to share the replay with you. We talk about: Why you might not need a financial advisor Conflicts of interest in the financial industry How you're making a tax planning decision daily My biggest financial mistake And more! If you're tired of me asking all the questions and want to hear me in the hot seat for once, you're going to love this episode.

Today I'm sharing the highlights from last week's webinar with Dimensional Funds. Specifically, I'm covering three things: Why do we invest in the stock market when we know how bad it feels to watch our money go up and down How has the market responded during previous crises What should you be doing with your investments right now If you're interested in using nerdy historical data to help make some sense out of the current market environment, today's episode is for you.

This is a quick reminder about the FREE investing webinar I'm hosting with our friends at Dimensional Funds on April 30th. To register, just go to www.staywealthywebinar.com Again, there are no strings attached here. This is purely for educational purposes only and my chance for me to help get good information in people's hands. We will be talking in-depth about: The current stock market landscape How retirement investors can manage stock market volatility Actionable tips for weathering this storm. I've already had a preview of the presentation and you don't want to miss this. To register, just go to www.staywealthywebinar.com I'll see you there!

I've partnered with Dimensional Funds (a $450 billion asset manager) to host a FREE webinar on April 30th. We will be addressing the recent market volatility + what you can do as a retirement investor to weather this storm. There are no strings attached. This is a FREE webinar for educational purposes only. To register, visit www.staywealthywebinar.com. Today on the podcast, I'm sharing 5 things retirement savers need to know about the CARES Act... ...the largest economic stimulus bill in history! If you haven't had time to read all 880 pages, you're going to enjoy the highlights in today's episode.

Today I'm joined by Cullen Roche who is best known for his work on monetary economics and portfolio construction. I asked Cullen to join us and share his unique take on what's happening in the financial markets today. Specifically: Where we might be headed What retirement investors can do in response The impacts of a $2 trillion stimulus package I hit record and told him not to hold back today. You may need to listen to this one twice!

Jan van Eck is the CEO of VanEck, a $50 billion asset manager (as of 2019). Last month, Jan's team became concerned about the global markets. COVID-19 was (and still is) causing economic uncertainty...and the markets hate uncertainty. In today's episode, Jan breaks down: The current state of the global financial markets His base case for clarity around COVID-19 What's needed for this market to recover Investing in China and Emerging Markets How to think about investing in gold If you're interested in a simple explanation of the technical details around current market events, today's episode is for you.

Today I'm joined by Dave Goetsch, the executive producer and writer for "The Big Bang Theory." Dave has battled with anxiety around money and investments for most of his life. In fact, he sat in cash through 2008/2009 convinced the world was going to end! Eventually, he latched on to an investing philosophy that shifted his mindset and alleviated his stress and worry. Dave has also found a unique way of applying investing lessons he has adopted over the years to current events we are up against today. If you're nervous about the financial markets and the global economy, you are going to love this episode.

I hope you, your family, and friends are staying safe during these difficult times. In today's bonus episode, I'm discussing COVID-19 and sharing some thoughts on the current state of the financial markets. I'm also sharing three actions to consider taking right now with your investments and retirement plan.

Today, Peter Lazaroff is sharing the 10 things you should be doing right now if you're a decade from retirement. Get this... Only 10% of people are confident they have enough saved for retirement, according to CNBC. Even more, 41% said they hadn't taken any steps to address their savings concerns. If retirement is on the horizon and you need an action plan to boost your confidence, Peter is breaking it all down for you today in plain English.

Today we're breaking down rent vs. buy with Jeremy Schnider, founder of Personal Finance Club. You've probably heard people say: "if you rent, you're just throwing your money away every month!" Or... "owning a home is a safe investment." And yeah, there might be some truth to those statements. But they don't tell the whole story. In my experience, doing the math and running the numbers is more helpful. Also, as Jeremy shares, rent vs. buy is probably the wrong question altogether. Join us today as we take a look at some real-life numbers. We also share: What the right questions are when making a real estate decision How to approach rent vs. buy in retirement Jeremy's two-step plan to retire in 12 years! If you want to learn how to make smart real estate decisions, you'll love today's episode. (Plus: Jeremy, a multi-millionaire, shares some actionable retirement & investing tips you don't want to miss.)

Today I'm going to share what retirement savers need to know about variable annuities. Insurance products are great and all. But this confusing product was charging my client $15,000 per year in hidden fees for benefits she didn't even need. If you own a variable annuity, or you have considered purchasing one to save for retirement, today's episode is for you.

Today I'm sharing the correct order for saving and investing your retirement dollars. Most people think the first stop for your hard-earned money is your 401(k) or IRA, but that's not always the case. Knowing exactly where to save your money 1st, 2nd, 3rd, etc., can make a big difference in your long-term savings and future tax bill. So, if you have always wanted to know the order of operations for saving your money, this episode is for you. Oh, and don't forget to sign up for our live webinar with attorney and retirement tax expert Jamie Hopkins. Learn more: www.staywealthywebinar.com --- DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.

Today I'm going to explain exactly what Per Stirpes is. Per-what?! Yes, it's a funny Latin legal term but it recently saved my client from sending a healthy six-figure sum to the wrong beneficiary. And she didn't even need to hire an attorney to fix it! If you want to make sure your money is inherited by the right people when you are gone, you'll enjoy today's episode. For all the links and resources mentioned in today's episode, visit www.youstaywealthy.com/61 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.

When you contribute to retirement accounts, you typically have two options: Contribute pre-tax dollars today, pay taxes in retirement when you withdraw (Traditional 401k/IRA) Contribute after-tax dollars today, withdraw tax-free in retirement (Roth 401k/IRA) Ask 100 people and 99 of them will likely choose option one. A tax deduction certainly sounds better than no tax deduction. I get it. I love tax deductions. But I think the Roth 401(k) is actually the right decision for most retirement investors. Tune in to today's episode to learn why! For all the links and resources mentioned in this episode, visit www.youstaywealthy.com/60 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services

We all know 2020 is an election year. And, it's not uncommon for investors to assume that because it's an election year, the stock must be in for a wild ride. Even more, some suggest that if the party they favor wins the election, it will be good for the markets. And if the other party wins, it will tank them. I'm not going to pretend to have a crystal ball. But, looking back at 90+ years of data can be incredibly helpful in making informed decisions about our money and retirement portfolio. For the 14-page PDF I put together for our awesome listeners + all the resources mentioned in this episode, visit www.youstaywealthy.com/59 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services

The stock market has been screaming upwards for over 10 years now. Many are worried about putting their hard-earned money in stocks, thinking we must be due for a correction soon. Is it dangerous to invest at market highs? Is it better to wait for a correction before investing in stocks? What if I'm retired or already in retirement? Should I even be investing in stocks at all? I'm answering these questions and more in part two of our financial myth-busting series. For all the links and resources mentioned in this episode, visit www.youstaywealthy.com/58 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services

Interest rates are at record low levels. The bond market in an almost 40-year year bull market. It's very possible you have heard some version of the following statement: "If (or when) interest rates rise, bonds will lose money." If you're a listener of this retirement podcast, you might know that it's not entirely incorrect. Bonds and interest rates do have an inverse relationship. But it's complex. Learn what really happens to a long-term bond portfolio if we enter a rising interest rate environment. The answer may surprise you! For all the links and resources mentioned in this episode, visit www.youstaywealthy.com/57 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services

Perth Tolle is the founder of Life and Liberty Indexes. And she allocates over 50% of her hard-earned money to emerging markets. But why? Why invest in emerging markets at all? Why invest overseas if the U.S. stock market has done so well? And what are emerging markets anyways? We are answering all this and more in today's interview. Show Notes & Links: www.youstaywealthy.com/56 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.