Stay Wealthy Retirement Podcast

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.

There are roughly 69 million Social Security beneficiaries in the U.S. And these beneficiaries will be witnessing a few changes to their Social Security benefits in 2020. But some working professionals who aren't even close to claiming Social Security benefits will also be experiencing a change. In today's episode, I'm sharing three important changes to Social Security in 2020, including a change that will trigger a tax increase for many younger people still working. I'm also sharing some free tools and calculators you can use to gain more clarity around your financial situation as you approach retirement. Show Notes & Links: www.youstaywealthy.com/55 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.

Without question, you have heard of Exchange Traded Funds, also commonly referred to as ETFs. It's a complex topic so I brought in the best person I know to help us break it down, in plain English. Ryan Kirlin is the Head of Capital Markets for Alpha Architect. He's also a national-caliber rowing athlete and his claim to fame is having been tested at a resting heart rate of 38 while on the U.S. team for rowing. It was the second-lowest resting heart rate recorded by the US team doctors in 40 years! Today, with Ryan's help, we'll dig into: What exactly an ETF is How ETFs are different from a mutual fund The tax benefits of an ETF versus a mutual fund Why their popularity won't be slowing down any time soon Show Notes & Links: www.youstaywealthy.com/54 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.

If you are investing for retirement, you've probably come across target-date mutual funds. You may even be investing in one in your 401K and not realize it. So, you're likely wondering what they are and why they are so popular. The thing is, target-date mutual funds are just like other mutual funds - some are conservative and others are risky. The trick is making sure they are balanced well when you're most vulnerable. So, who has the right mix for you? And are they the right strategy for your plans? Today, we'll discuss four things to help you decide if target-date mutual funds are the right investment for your retirement dollars and how to know if you've got one that matches your goals. What a target-date fund is (and why they are so popular) The different types of target-date funds and how to tell the difference Why some are more expensive than others and what that means What you should look for to determine if they are right for your retirement goals http://www.youstaywealthy.com/53 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 founder of the Kinder Institute of Life Planning, George Kinder, joins us on the show today to talk about his passion – helping you find your life's purpose and aligning your financial goals to it. In today's episode, you will learn: Why life planning puts the financial planning process in the client's hands (and why it should be this way) How life planning creates a trusted and authentic relationship between the client and the financial advisor Why advisors should know your life's meaning to invest your money properly Download George Kinder's Three Questions using the link below to help find meaning in your financial goals. Then join us as we explore how it works and why it should be part of everyone's financial planning. Show Notes & Links: www.youstaywealthy.com/52 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 economy has some of you worried right now, and for good reason. The interest rate environment is different from years' past, the Dow Jones lost 800 points recently, and the yield curve inverted last week. So, what does all of this mean for you and your investments? And should you be concerned about a recession? Today, we'll tackle questions from our listeners to determine if your financial plan has the components to keep you on the right track during difficult times. Join us today as we discuss: Recent market volatility The yield curve inversion Right time of year to take required minimum distributions If buying extra insurance through your employer makes sense Show Notes & Links: www.youstaywealthy.com/51 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.

Due to recent tax reform, only 10% of Americans itemized their deductions in 2018 compared to 30% in 2017. This has significantly impacted the tax benefits of charitable giving. Or has it? In today's episode, I'm discussing: Exactly what a Donor-Advised Fund is in its simplest form Who is the right fit for using a Donor-Advised Fund If you are a potential candidate, what the absolute best strategy is for funding one Where to open a Donor-Advised Fund + a handful of really important things to look out for Show Notes & Links: https://youstaywealthy.com/50 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. Speak to your tax professional and financial advisor before taking any action.

If retirement is around the corner, it's likely you've considered downsizing your home. Whether it's for a move to a smaller space or to finally clean out all that stuff you've accumulated over the years, downsizing can be a stressful prospect. There is so much to do. And what if you and your spouse don't agree on what to purge and what to keep? It's enough to make anyone's head spin. Today we'll talk with professional organizer Jen Robin, owner of Life in Jeneral. For Jen, downsizing is more than purging stuff. It's creating a system for your life so you are surrounded by the things you need, want, and love. If you've always imagined a simpler, more joyful space for your retirement years, then today's episode is for you. We'll learn: The value of downsizing to create a more meaningful space How to organize your home and downsize your life in preparation for retirement Steps to take if one spouse isn't into the process Specific solutions for hanging onto keepsakes How downsizing can fit into your financial plan Don't spend your retirement organizing and purging. Start now so you spend your "second life" doing what you love. Show Notes & Links: www.youstaywealthy.com/49 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.

Advanced care planning is not a fun topic to bring up at the dinner table, but what happens if you get seriously ill or injured and can't speak for yourself? Do you have someone you trust to speak on your behalf who can easily represent your wishes? Or would your hospital room be fraught with conflict and arguments? Today, Paul Malley, President of Aging with Dignity, joins us to talk about Five Wishes, a personal guide that encourages people to discuss difficult topics with loved ones and write end of life wishes in your own words. And while it addresses medical care and treatment, its true gift is that it includes your personal, emotional, and spiritual wishes. It's also a legal document in almost every state. Join us as Paul and I talk about: What Five Wishes is and how it goes beyond a living will or advanced medical directive How Five Wishes can work with other estate planning documents you might already have How it fits into your financial plan Leaving your legacy for your loved ones is the natural next step in your financial planning process and can give you peace of mind during life's worst situations. Don't miss this one. Show Notes & Links: https://youstaywealthy.com/48 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.

Retirement planning expert, Ashby Daniels, CFP® joins us on the show today to talk about how to properly plan and invest for a 30+ year retirement. In today's episode you are going to learn three things: Why living longer shouldn't necessarily be considered a risk to your retirement How inflation impacts your retirement nest egg and how to factor it into your retirement plan so you don't run out of money A specific investment strategy that can be used to address some of the common challenges that many retirees are facing today For all the links and resources mentioned in this episode, visit www.youstaywealthy.com/47

Homeowners insurance is more than just another bill the mortgage company makes us pay every year. It's the price we pay for peace of mind if our property is damaged in a fire or destroyed by a natural disaster. Unfortunately, homeowners insurance isn't cheap. And if you don't take steps to mitigate the cost of this coverage, you could wind up paying A LOT more than you need to. Auto insurance isn't any different. It's costly but wildly important. The good news is you have more control over your policy than you might think. A few tweaks can save you hundreds of dollars per year and, more importantly, provide you and your family with more protection. In today's episode, I'm going to share three things: How to optimize your policies by improving your coverage and reducing your costs Common pitfalls and how to avoid them Where to shop for insurance to make sure you are getting the best deal without putting yourself at risk Listen to today's podcast episode to learn more! Show Notes & Links: www.youstaywealthy.com/46 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.

Uber and Lyft are two big companies that made a huge splash with their IPOs recently, but it remains to be seen whether either will become profitable. Both have posted billions in losses so far and it doesn't seem like that will change any time soon. With that in mind, it makes you wonder why so many investors pay tons of money to invest in IPOs as soon as they can. I mean, what's the big deal? In today's show, I'm going to dive into this topic and provide some academic data that sheds light on IPOs. Once you know more about them and how they've performed historically, you may come to see IPOs for what they are — an exciting event that will more than likely cost you money if you get involved. Show Notes & Links: www.youstaywealthy.com/45 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.

It's easy to believe you'll always be in great health, but the truth is, none of us knows what the future brings. You may be in great shape today but find yourself gravely ill or disabled within a few weeks. This change of events would inevitably muck up your retirement plans, and a loss in income could even leave you scrambling to keep up with regular bills. That's where disability insurance kicks in. This type of coverage can replace part of your income when you become sick or disabled and unable to work. Disability insurance isn't typically "cheap" per se, but it can be well worth it for the peace of mind alone - and even more valuable if you ever need to file a claim. Today we're going to talk about how this insurance works, what to look for in a policy, and why getting a free policy from your employer doesn't mean you're truly protected. We'll also talk about why you could need disability coverage in the last few years of your career. Listen to today's podcast episode to find out if you have enough protection. Show Notes & Links: www.youstaywealthy.com/44 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 it comes to investing, historical returns show us that, for the most part, a buy-and-hold strategy will always outperform an active one. This means that, once you have a concrete investing plan in place, you should stick with it through thick and thin — and no matter what the market does on any given day. But that doesn't mean you can randomly buy stocks and bonds and expect things to go your way. Well, you can, I guess...but you will likely regret it for years to come if you do. In today's podcast, I interviewed Peter Lazaroff, financial expert and author of Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever to find out the biggest mistakes even the most well-intentioned investors make with their portfolios over time. His answers may surprise you, so you don't want to miss out. Show Notes & Links: www.youstaywealthy.com/43 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.

Buying a home comes with huge financial implications, and many of them come into play well before you make an offer and close on your mortgage. You could spend months, years, or even decades saving up the down payment for your home — and that's especially true if you plan to save 20% or more or if you live in an expensive area. To make the most of your situation, you'll need to focus on two main imperatives — figuring out where to save your down payment funds, and deciding on a mortgage that fits in with your budget and your goals. Many people assume picking a mortgage is a piece of cake, but that couldn't be further from the truth. While it's easy to think you'll just get a 30-year, fixed-rate mortgage because that's what all your friends and colleagues have done, a home purchase provides the perfect opportunity to think differently about what you really want. In this podcast, we'll go over my thoughts on where you should save your down payment during any timeline of less than ten years. But we'll also talk about the mortgages available today — and how the obvious mortgage choice isn't always the best. Ready to start saving for your dream home? Listen to today's podcast episode to learn how. Show Notes & Links: www.youstaywealthy.com/42 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 most common question about Social Security is "when should I take it?" It's a simple question but there are a number of factors that need to be considered before you can accurately answer. If you're already taking Social Security, don't panic. There may be a solution for you if you want to change the timing of your benefits after listening to this episode. To summarize, today on the show I'm talking about: The optimal time for most people to take Social Security Why your investment strategy might impact when you decide to take your benefits How to fix a common Social Security mistake Show Notes & Links www.youstaywealthy.com/41 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.

Think you don't have anything of value online? Think again. The reality is, almost everyone who uses the internet in any capacity has digital assets to protect. Digital assets can include any account or information you preserve on the web — things like email accounts and your social media accounts. A digital asset could also be anything you own online, such as a personal blog or a website for your business. If your goal is protecting yourself and your heirs from modern pitfalls like having your bank account hacked, having fraudulent purchases charged to old credit cards, or identity theft, it's crucial to have a plan in place to protect your digital assets while you're alive and once you're gone. And that's what today's podcast is about. To help you hatch a plan to care for the digital assets we often forget about, I interviewed estate planning expert Jamie Hopkins. In today's show, our expert explains the importance of digital assets in our modern lives as well as steps we can take to prevent unnecessary stress on the people we love the most. Ready to protect your online information? Listen to today's podcast episode to learn how. Show Notes & Links www.youstaywealthy.com/40 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.

Are you a working professional? If so, now is the perfect time to make smart moves to lower taxes in retirement. Nearing retirement or already retired? Don't worry, it's not too late to win the game against the I.R.S. Remember, it's very possible to have a higher tax bill in retirement than as a working professional. Where do these taxes come from? Required Minimum Distributions (RMDs) Social Security Pensions Real Estate Income Roth Conversions Interest and Dividends Capital Gains Without the proper planning, you could be in for a rude awakening. Check out this week's podcast episode to learn how you can reduce your tax bill in retirement. I'm breaking it down for you in plain English. Show Notes & Links: www.youstaywealthy.com/38 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.

Did you know anyone can call themselves a financial advisor? Or a financial planner, a wealth manager, an investment manager… the list goes on and on. Believe it or not, these titles have no legal or regulatory meaning. They're not evidence of experience or education. They're just marketing tools. In fact, you could call yourself a wealth manager right now if you wanted! That's just one reason why finding a trained, experienced, and legitimate financial advisor who works in your best interest at all times and won't sell you and products is tough. But, I'm here to help! Today, I'm talking about the 10 biggest mistakes to avoid (plus, the questions you need to ask!) before hiring a financial advisor to help with retirement. Show Notes: www.youstaywealthy.com/38 Questions & Feedback: [email protected] 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.

Decades of hard work and savings can be wiped away with one bad investment decision. Don't believe me? Just ask this guy: "I took out a $75,000 mortgage, put it all in bitcoin (at $19,442) and right now I have $48,639 left!!! WTF!!! DO I SELL OR KEEP HOLDING!?!?!" (Twitter, December 21, 2017) If you have any amount of money invested in stocks and bonds (or a home you are tempted to leverage), you need something to protect you from making catastrophic mistakes. That's where an Investment Policy Statement (IPS) comes in. An IPS: Dictates how your money is going to be invested Prevents your financial advisor from going rogue with your money Protects you from yourself if you manage your own investments Learn more about Investment Policy Statements, what they are, how to create one, and what information should be included in this weeks podcast episode. Thanks for Listening Be sure to subscribe on iTunes, Stitcher, Spotify, Android, or wherever you get your podcasts. And feel free to drop us a line at [email protected] 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.

In this episode, I share: Three super-easy financial planning tips you should tackle before 2018 wraps up. Don't worry, it's not your typical "contribute the maximum to your retirement accounts." A Tweet from Jim O'Shaughnessy that approaches the recent market volatility in a thoughtful and unique way. A BIG THANK you from us and where we are headed next. If you have any more questions, please contact us at [email protected] Thanks for Listening Be sure to subscribe on iTunes, Stitcher, Spotify, Android, or wherever you get your podcasts. And feel free to drop us a line at [email protected] 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.