The Get Ready For The Future Show

It's the Thanksgiving edition of the Fastest Four Minutes In Finance! We have so much to be thankful for around our office, especially you! This week we're sifting through the noise that says that you shouldn't be in the market right now because of the uncertainty. Don't let headlines dictate your demeanor on the markets as we head into the last few weeks of the year, it could cost you! Learn more in this week's episode. 

Do Target-Date Funds hinder my potential? I'm nervous about the market and indexed annuities seem less risky - what are some safe options for me? Should I lower my employer plan contribution in favor of more Roth dollars? What's the best way to fund my HSA? These are YOUR questions! And if you would like a question answered on the show, reach out to 501.381.5228 and leave a voicemail! Or email your question to [email protected]! Originally aired 11/15/2023

Recent economic data suggests recession odds are decreasing. Small caps and tech stocks rallied on hopes of a Fed pivot, but growth potential remains beyond mega-cap stocks. This week we break down the latest inflation, jobs, GDP numbers, and what they mean for the markets going forward. 

How can I lessen the tax burden as the beneficiary of a trust? We're answering YOUR questions! As a military couple, is buying a house and renting it when we move a reasonable option? At age 32, am I contributing too much to my retirement plans? Are there disadvantages to making backdoor Roth contributions? If you would like a question answered on the show, reach out to 501.381.5228 and leave a voicemail! Or send your questions to [email protected]! Originally aired 11/8/2023

It's beginning to look a lot like Christmas, even though it's still early November! Retailers are gearing up for what's predicted to be a record-high spending holiday shopping season. But don't let the big numbers fool you - the growth rate is slowing. In this episode, we break down the holiday sales forecasts and what they really mean for the economy. With inflation high and consumers tapped out, experts predict holiday sales will grow at the slowest pace in years. Get the full data analysis and find out what it means for your personal finances heading into the new year.

Do you want to move to a cabin in the mountains when you retire? What should your strategy be? How can I help my family work through financial matters with the passing of my dad? If I'm trying to save more, should I go with something like brokerage or CDs? What questions should I be asking a financial advisor? Should I pull back from investing to attack my debt? We're answering YOUR questions! And if you would like a question answered on the show, reach out to 501.381.5228 and leave a voicemail! Or send your question to [email protected]! Talking Cents 116: Inheritance Basics Originally aired 11/1/2023

Don’t let the frightening finance headlines scare you! We're sorting the facts from fear in less than 4 minutes. We examine the uneasy consumer spending trends, core inflation that refuses to die, potential WeWork bankruptcy haunting real estate, and signs suggesting brighter days ahead for stocks. When fear abounds, focusing on key indicators can help investors tell tricks from treats.

Is 33% of my portfolio in my company's stock too much? I'm getting discounted options. We're answering YOUR questions on the Get Ready for the Future Show! My wife and I have a couple of investments, but no Roth dollars - do we do conversions or are there other options? At 39, do I have too much money invested in my HSA? How do I minimize the tax impact of my inherited IRA? If you would like a question answered on the show, call 501.381.5228 and leave a voicemail! Or send your question to [email protected]! Originally aired 10/25/2023

Is the economy headed for a recession or continuing to grow? Predictions are all over the map. In investing, the lesson is not to try and time based on predictions. They'll eventually be right, like a broken clock. But your strategy should be long-term, based on when you need your investments. Don't let the broken recession clocks make you make bad decisions.

Did your net worth drop with the markets and you're scared? How do T-Bills compare to Money Market Funds? How does rental income factor into a retirement plan? What do you recommend for me as a freelancer for an S Corp? We're answering YOUR questions! And if you would like a question answered on the show, reach out to 501.381.5228 and leave a voicemail! Or send your question to [email protected]! Originally aired 10/18/2023

Many investors are playing it too safe and missing out on returns. Over the past year, the stock market is up over 20% while money has poured into low-yield investments. This video looks at how negative perceptions of the economy have caused people to miss out. History suggests second year bull markets often continue rising, though with volatility.

When you start investing, going it alone might be okay. But when should you start working with a financial advisor? And how do you know which one is right for you? We're answering YOUR questions on the Get Ready for the Future Show! I'm hiring my first few employees. What are some low-cost benefits I can offer? Can I live off savings when I near retirement to lessen my tax burden? Does my target-date fund need to line up with when I'm retiring? If you would like a question answered on the show, call 501.381.5228 and leave a voicemail! Or send your question to [email protected]! Originally aired 10/11/2023

In this week's Fastest Four Minutes in Finance, we're taking a closer look at the financial impact of the recent conflict between Israel and Hamas. We'll show you the relationship between geopolitical events and the market, and explore how this could potentially impact you and your financial independence.

We see you working hard toward your goals (go you)! Should you start an LLC? We're answering YOUR questions. In this episode: the best way to maximize benefits from side gigs, options for building and leaving your financial legacy, and what type of account should you prioritize if you retire early.   And if you would like a question answered on the show, give us a call at 501.381.5228 or send us an email at [email protected].   7 Steps for Financial Independence: getreadyforthefuture.com/steps   Originally Aired 10/04/2023

It should come as no surprise that the stock market was knocked off course at the end of the 3rd quarter. So what does that mean for investors in the last quarter of 2023? Will the market hold its course or will it gain some much needed momentum? On this episode of The Fastest Four we're breaking down the recent market ups and downs, chatting about sector highlights, and sharing some market insights from LPL Research.  

It's NEVER too late to start saving - you might just need to adjust how! We're answering YOUR questions in this episode: what to do if you're reaching the contribution limit on your Roth IRA, choices to make while investing and saving for a house, how to save for retirement if you get started late in life, and how money market funds work. And if you would like a question answered on the show, give us a call at 501.381.5228. Or send us an email to [email protected]. Originally aired 9/27/2023

Buckle up, we're diving into what a potential government shutdown means for you and your money. Learn about the nitty-gritty of a government shutdown, like which important services stay open and how it might affect your investments. We're also talking about how the stock market usually reacts so you can make informed decisions without breaking a sweat.

So you want to retire somewhere tropical, but the housing market has you questioning whether now is the right time or not to buy. These are YOUR questions we're answering in this episode: Do backdoor Roth conversions count as contributions? What should I do with my money if I'm scared to do anything? Should I diversify if my compensation and employment are tied to the stock market? And if you would like a question answered on the show, give us a call at 501.381.5228. Or send us an email to [email protected]. Originally aired 9/20/2023

There are surprising reasons why an increasing number of Americans are considering delaying retirement or even coming out of retirement. It's not just about the money! Discover the key reasons behind this trend and gain valuable insights into planning for your own retirement. Don't miss this important discussion about financial readiness, emotional preparedness, and the importance of having a plan for your post-career life.

You're switching jobs and worried you may accidentally over-contribute to your 401k this year. How do you keep track? And what happens if you DO contribute too much? We're answering your questions! Is there a good rule of thumb for sinking funds? Can I reduce the tax burden for an inherited IRA? Should I go PPO (Preferred Provider Organization) or HDHP (High Deductible Health Plan) if my employer offers both? And if you would like a question answered on the show, give us a call at 501.381.5228. Or send us an email to [email protected]. Fastest Four: Contribution Limits for HSA Originally aired 9/13/2023

Being "average" may not get you much in life, but in your financial goals, it might just be a winning approach. Discover the reasons behind rising energy and rent prices, as well as their impact on core inflation and why average should be what you're shooting for when it comes to returns in your portfolio. 

You've reached a major milestone in your financial journey…but what now? We're answering YOUR questions: How will I know if the market really has gone crazy? I'm a millionaire, so where do I go from here? Should I use my bonus on my employer plan or mortgage? What do you think about "Deferred Compensation Plans?" And if you would like a question answered on the show, give us a call at 501.381.5228. Or send us an email to [email protected]. Originally aired 9/6/2023

Changes are coming to Health Savings Accounts (HSAs) in 2024! Contribution limits are increasing, making it an even more tax-advantaged way to prepare for healthcare costs in retirement, especially if you're in your pre-retirement years. We're talking about why investing your HSA contributions can be a smart strategy to save thousands of dollars in taxes and help build true financial independence. Don't miss this essential financial insight!

Do you ever find yourself thinking "what's up with the economy" or "why is everyone talking about a recession?" This is a special episode of the Get Ready for the Future Show, recorded live from our event with LPL Financial's Chief Economist Jeffrey Roach. He shared some valuable insights about the market, recession potential, and more! Originally recorded 8/22/2023

Where are investors turning in the midst of economic uncertainties? It seems like they're turning to Money Markets. The assets in Money Market funds have skyrocketed to a staggering $5.6 trillion, marking an unprecedented all-time high and an 18% surge since the beginning of the year. LPL Financial's insightful charts reveal the continuous inflow of capital into these funds over the past year, depicting a preference for stability amid market fluctuations. But Is this the right move to make? We're talking about it on this week's episode of The Fastest Four Minutes in Finance! 

Are you looking at unused vacation time you're looking to take advantage of before you retire? What should you do with it? We're answering YOUR questions on the Get Ready for the Future Show! How much should you invest in annuities and how much income will that generate? If my spouse is now a stay-at-home parent, do I need a separate "spousal IRA?" And do target-date funds get too conservative too soon? If you want your questions answered on the show, leave us a voicemail at 501.381.5228 or email [email protected]! Originally aired 8/23/2023

According to most economists, the U.S. is still headed toward a recession. But like everything in life, the details matter. How long and how bad is the recession predicted to be? On this episode of The Fastest Four we chat with special guest, LPL Financial Chief Economist, Jeffrey Roach and get his opinion on what investors should expect and what it could mean for them in the long term.

Financial decisions have the potential to impact not only your current life but your future as well! In this episode we've got questions about: Anxiety in a down market Selling rental property to pay off a home Pensions and 401k contributions Concerns about fees in an employer plan These are YOUR questions we're answering in this episode. And if you would like a question answered on the show, give us a call at 501.381.5228. Originally aired 8/16/2023

The 2023 stock market rally has hit a snag, raising questions about its continuation. Join us as we analyze the recent slowdown in the S&P 500 Index's impressive 15% year-to-date climb and explore potential pullback scenarios. Gain insights on navigating market volatility and the historical context of pullbacks, helping you make informed decisions amidst uncertainty.

So, your parents haven't necessarily made the wisest decisions with their money, and now they're retiring. How do you help them without hurting yourself? In this week's Get Ready For The Future Show, we're answering YOUR questions! You'll learn: How to make tough decisions and have difficult conversations to protect your financial future How to know when you should claim your Social Security Benefit What your options are for orphaned 401ks and how to know which is right for you And if you want your questions answered on the show, leave us a voicemail at 501.381.5228! Originally aired 8/9/2023

On this week's episode of The Fastest Four Minutes in Finance, we explore July's job report, dissecting signs of softening the labor market while decoding the Federal Reserve's rate hike signals. Dive into market volatility and secure your spot for an exclusive event featuring Chief Economist Dr. Jeffrey Roach on August 22nd. Gain insights, answers, and a long-term perspective. 

You've got questions and we've got answers! In this episode, we're tackling: What do I do if I've been in the FIRE movement, but don't have a plan? I inherited a large sum of money and am curious about taxes and what to do with it? I have a large net worth, but I'm not sure how that plays into retirement? What is the impact of inflation on my 401(k)? These are YOUR questions we're answering in this episode. And if you would like a question answered on the show, give us a call at 501.381.5228. 7 Steps to Financial Independence  Originally aired 8/2/2023

Morningstar just released a new study entitled "Mind The Gap" revealing how the average fund outperformed the average investor by 1.7% annually over the past decade. Join us in this week's episode of Fastest 4 Minutes in Finance as we explore the impact of market timing on investment returns and the crucial role of behavioral finance. In This Episode: - why it's not about timing the market, but time IN the market. - how emotions influence investment decisions - how financial advisors bring objectivity to help you avoid costly mistakes Plus, get expert tips on crafting a stable retirement income strategy to secure your financial future. Watch now and stay ahead in the game of investing!

Should my husband and I max out our Roth or buy a new house? How should I work into my plan the financial "leftovers" when I'm gone? What should I plan for when it comes to rising healthcare costs? We're answering the questions YOU have on your journey to true financial independence! And if you would like a question answered on the show, give us a call at 501.381.5228. Originally aired 7/26/2023

Stay informed about crucial legislative changes affecting your retirement in this week's episode of the Fastest 4 Minutes in Finance with Scott Inman. Discover how the SECURE 2.0 Act, signed into law last year, impacts 401k catch-up contributions for higher earners, learn about the potential benefits of Roth 401k investments and plan ahead for the proposed changes to Social Security, including a potential increase in the full retirement age to 69. 

So, you're maxing out your retirement contributions... congratulations! But how do you know if it's enough? And, what's your next step? On this episode of the Get Ready for the Future Show LIVE, we're answering YOUR questions! You'll learn: - How to invest if you'll be able to primarily live off of guaranteed income in retirement - Questions you should ask if you're looking for a new advisor - How to bounce back from past financial mistakes ❓ Have your own questions? Call or text us at 501.381.5228 or email [email protected]. We're here to help you navigate the journey to true financial independence. See you there!   Originally Aired: 07.19.2023

Recent cooling inflation data had an impact on the potential Fed rate hike expectations and the June CPI report shows a slowdown in core inflation which has implications for the US dollar and the overall economy. What should you make of these ups and downs? We cover it all in this week's edition of The Fastest Four Minutes In Finance!   Originally Aired: 07.19.2023

I hear a recession is coming - what should I do to not run out of money? How do I know if my new job's employer plan is beneficial to me? Did I make a mistake putting money into my small business instead of retirement and is it too late for me? These are YOUR questions we're answering in this episode. And if you would like a question answered on the show, give us a call at 501.381.5228. 7 Steps to Financial Independence  Originally aired 7/12/2023

The June inflation data reveals a slower annual increase in prices since March 2021, suggesting a return to a more normal inflation rate. While some sectors continue to experience rapid price rises, such as the shelter index, #energyprices have seen a significant drop. The Fed remains cautious and hints at future rate hikes, aiming to achieve their preferred inflation rate of 2% and considering other factors like the labor market. But where are inflation rates headed? No one really knows for sure.  Join us on this week's edition of the Fastest Four for more!

We're answering these questions from you, the listener, in this episode: What are some pros and cons of Indexed Universal Life Insurance? How do I know if I've saved enough if I'm nearing retirement and don't want to change my lifestyle? What's your opinion on annuities and how do they fit into a retirement plan? Is it wise for me and my husband to build our dream home? And if you would like YOUR questions answered on the show, give us a call at 501.381.5228! Originally aired 7/5/2023

In this week's Fastest Four Minutes in Finance, GenWealth Financial Advisor Scott Inman explores insights shared by national retirement experts' 11th annual "Inside Retirement" report as they go beyond investments and unveil crucial factors for a secure retirement. From longevity risks to changing family dynamics, find out what it takes to build a comprehensive plan that transcends traditional strategies. 

Is it really beneficial to work with a financial advisor? And what should you do if you inherit money from a loved one? Will this tech rally keep up steam? And how do you protect your clients' identity and money? These are YOUR questions we're answering in this episode. And if you would like a question answered, give us a call at 501.381.5228. 7 Steps to Financial Independence  Originally aired 6/28/2023

In this week's Fastest Four Minutes in Finance, guest host John Shrewsbury shares a new study by BlackRock and the bipartisan policy center whose findings align with GenWealth's retirement investment strategies and provide clarity on retirement planning, addressing concerns about running out of money in retirement. The study emphasizes the importance of a comprehensive retirement income approach that considers multiple risk factors to achieve financial objectives.

If my wife and I are maxing out our 401(k) contributions, what should we do next? Should I keep my paid-up universal healthcare policy? What are the pitfalls of investing in gold? What do I need to know about REITs (Real Estate Investment Trusts)? We're answering YOUR questions in this episode of the Get Ready for the Future Show! And if you have questions you would like answered in the show, give us a call at 501.381.5228. Originally aired 6/21/2023

In this week's Fastest Four Minutes in Finance, guest host John Shrewsbury reveals surprising insights about the current state of the markets and the economy. Despite negative predictions, the S&P 500 has shown strong returns and there are indications of further growth. He discusses key factors and indicators that suggest a positive outlook for the markets, however, he also highlights potential risks and emphasizes the importance of a long-term perspective and critical evaluation of market punditry.

Minimizing taxes, different types of investment accounts, and questions to ask an advisor - these are the questions we're answering in this episode: In trying to minimize taxes in retirement, what "gotchas" should we look out for? Can I contribute to my employer plan AND an IRA? My old advisor only wanted to sell me products. What should I be asking a new advisor? I'm a 1099 and my accountant recommended a SIMPLE. What do you think? And if you would like YOUR questions answered on the show, give us a call at 501.381.5228! Originally aired 6/14/2023

Join us for the Fastest 4 Minutes in Finance as GenWealth Financial Advisor Scott Inman breaks down the latest economic news. In this week's episode, we delve into the recent inflation rate and Fed Funds interest rate releases. Discover how consumer prices are faring, the impact on different sectors, and the Federal Reserve's response. Gain valuable insights into the stock market's performance and the potential for a sustained economic rebound. 

Is the 4% rule a good one? I inherited some money, but what should I do with it? How should I invest if I have a variable income? What happens to my accounts if something happens to my advisor? We're answering YOUR questions!  And if you have questions you would like answered in the show, give us a call at 501.381.5228! Originally aired 6/7/2023

A bull, a bear, recession, and how much does it really matter? GenWealth Financial Advisor Scott Inman explores the potential of a new bull market and advises on the importance of staying invested for long-term stock market success in this week's Fastest Four Minutes in Finance! #FastestFour #FastestFourMinutesInFinance #economy #marketupdate #marketcommentary #inflation #socialsecurity #income #retirementincome #financialindependence #financialeducation #financialliteracy #genwealthfinancial #genwealthacademy #bullmarket #bearmarket #recession #sp500 #stockmarket #marketupdate #marketcommentary #marketvolatility #longterminvesting #marketanalysis #bullvsbear #stockmarketoutlook #investmentstrategy

We've got straight talk about questions from YOU, the listener! In this episode, we're looking at: How can I optimize my portfolio for income and growth while managing risk? Is the 60/40 split a good investment mix? What should I consider after inheriting my parents' accounts? What is FDIC insurance and is my money safe in the bank?  And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Originally aired 5/31/2023