The Get Ready For The Future Show

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

Five months into the year, and we still don’t know which way the economy is really going. We discuss in this week's Fastest Four Minutes in Finance. #FastestFour #FastestFourMinutesInFinance #economy #marketupdate #marketcommentary #inflation #socialsecurity #income #retirementincome #financialindependence #financialeducation #financialliteracy #genwealthfinancial #genwealthacademy

We're answering your questions in this episode, including a great one from our recent Social Security Workshop! I'm 62 and receiving a severance package from work. Should I retire now? Is Social Security going to be reduced in 2032? What happens if the US doesn't raise the debt ceiling defaults? Long-term care policies are expensive, so is that something I really need? And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Originally aired 5/24/2023

It's time to hit the pause button on what we normally talk about on the Fastest Four. #FastestFour #FastestFourMinutesInFinance #MemorialDay #MemorialDayWeekend ##MemorialDay2023 #MillitaryAppreciation #HonorAndRemember #RememberingHeroes #LandOfTheFree

Answering your questions on the show, in this episode we're looking at: How can I determine if I've saved enough to support my lifestyle in retirement? I have a life insurance policy through work, but is it enough? Can selling my small business cover my retirement? In planning for retirement, what should I be asking a financial advisor? And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Talking Cents Ep. 101: How to Save for Retirement While Running a Small Business Originally aired 5/17/2023

Inflation is being blamed for Americans reaching a record high in credit card debt, and it’s catching up with them. In this week's Fastest Four Minutes in Finance, we uncover the rising concern of credit card debt and its impact on Americans. You can also check out our recent interview with Yahoo! Finance!

We're answering these questions from you in this episode: Mistakes to avoid when planning early for retirement Can my adopted grandchildren get some of my social security? Do I really need a budget? How can I overcome inflation if I'm not actively getting a paycheck? And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Originally aired 5/10/2023

Is the latest inflation data released this week good news or bad news for the market? That’s the subject of this week’s Fastest 4 Minutes in Finance! #genwealthfinancial #scottinman #fastestfourminutesinfinance #finance #marketupdate #marketcommentary #retirement #investing #financialadvisor #financialadvisors #financialeducation #financialliteracy #inflation #consumerpriceindex #cpi #energyprices #foodprices #shelterindex #stockmarket #economy #useconomy #federalreserve #interestrates

We're hitting three big questions this week from listeners like you: What adjustments should I make to my retirement strategy? How can I prepare for higher medical costs with inflation rising? How do annuities fit into a retirement plan? And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Originally aired 5/3/2023

Here are YOUR questions we're answering in this episode: Should I avoid an employer plan if "sucks?" Is it ever wise to sell in a market upswing? Should we pay off our mortgage or build our dream home? What's the deal with reverse mortgages? And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! For more information on reverse mortgages, visit HUD.gov.  Originally aired 4/26/2023

We're answering these questions from you in this episode: Taxes in retirement Employer plans for small businesses The right way to claim Social Security Employer plan or IRA? And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Originally aired 4/19/2023

In this episode, we're tackling your questions about: • Are REITs (real estate investment trusts) good for your portfolio? • Inflation and volatility when nearing retirement • Rising interest rates And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Originally aired 4/12/2023

We're starting a new format where we're answering questions directly from you, the listener! In this episode, you'll hear questions about: Retiring into a down market What to do with inheritance money Investing when you have inconsistent income And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Originally aired 4/5/2023

If you're a Star Trek fan, you know Mr. Spock's famous phrase, "Live Long and Prosper." We all hope for a long life and financial independence for a comfortable lifestyle. However, without proper planning, this hope may remain an unfulfilled fantasy. Today's Get Ready for the Future show discusses how a long life can create retirement problems. Lauren Mitchell, VP of Annuity Solutions at LPL Financial, joins us. Originally aired 3/29/2023

The ability to live off your investments is a milestone on the path to financial independence. But, without the right focus, you could end up missing the mark. This week on the Get Ready For The Future Show, we're tackling some common retirement and investing misconceptions.

We're kicking off this episode with an update on the recent bank fiasco with Silicon Valley Bank (SVB). From there, we're looking at your odds of a successful retirement. And how to stack those odds in YOUR favor. Originally aired 3/15/2023

Everybody wants to go to Heaven, but nobody wants to go now. And nobody wants to discuss their death. But an estate plan is an essential part of your plan if you intend to pass along what you've worked so hard to achieve! In this episode, we're joined by estate planning attorney Chris Rippy who shares his insights on what estate planning can do for you! You can find more information on Chris and his firm on their website for Rippy, Stepps, & Associates. Originally aired 3/8/2023

You've probably experienced at some point - or right now - the pit in your stomach as the market takes a downward turn. There's the urge to move to cash until the market is more "stable." In this episode, we're discussing the dangers of making those kinds of emotional decisions and the importance of having a plan. And sticking to it! Originally aired 3/1/2023

What’s your greatest fear? A survey by Zety found that 40% of Americans cite retirement as a fear worse than death. We fear what we don't know! But the antidote to fear is education. In this episode, we’re leaning on our experience and helping you address these very real fears! We’ll break down 3 scary concepts of financial planning and how you can work to overcome them. Originally aired 2/22/2023

According to Ally Invest, about 61% of adults say they find #investing in the #stockmarket to be “scary or intimidating"... and this trend is getting worse with younger generations  Millennials feel significantly more intimidated than Baby Boomers or Generation X. In this show, we’ve got 5 Bombshell truths about the market!

Long-term care (LTC) planning is an important part of #financialindependence and security in #retirement. LTC includes creating a plan to provide care for yourself or a loved one in the event of a medical disability or terminal illness. While a well-crafted plan can help you and your family cope with unexpected complications, there are several potential pitfalls to avoid when planning for long-term care. In this episode of the Get Ready for the Future Show, we’re giving you reasons your plan for LTC may not work... and what you can do to prevent them!

It’s probably fair to assume that most of us want to live a long life! Many believe they will die sooner rather than later, whether due to family history, work history, or other factors. In this episode of the #getreadyforthefutureshow, we're talking all about how to plan for your golden years without worrying they’ll go dull.