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Today, Paul opens the episode and answers a question about social security. Then, Evan and Paul talk about what passes as financial planning but just isn’t. Listen along as Paul talks about planners who only talk about taxes, planners without degrees, technical analysis and fundamental analysis, cap-weighted funds vs. equally-weighted funds, and how none of these things count as financial planning.
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Paul talks about what happens when someone overcommits to one factor of investment returns while ignoring most of the rest. Listen along as Paul shares a video where someone was able to accomplish incredibly low fees and expenses on their portfolio but they ended up with a risky investment that will have performance issues in the long run.
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Today, Paul walks through different kinds of investments and how you understand the risks and rewards each investment offers. Paul wants you to walk away feeling more confident about your money working for you and understand why certain things are called investments that either don’t deliver on their promises or don’t actually pay you to borrow your money.
Start relaxing about investing by scheduling a 15-minute call with one of our advisors here.
Cost is a factor that impacts the performance of your investments. However, it is not the only factor, yet low-cost products can be heavily marketed as the best ones. Today, Paul receives a video attempting to explain an analysis of specific funds and their costs. Unfortunately, the explanation falls short on a few key points about how these portfolios and markets work. Paul encourages you to really understand the claims this video makes so that you will feel confident when someone tries to push you away from your plan because of expenses.
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Today, Paul wants to educate investors about the most common topic he’s working with people on day-to-day: taking an income in retirement. Whether it’s CDs that have come to term, confusing annuity products, or understanding risk in your portfolio, there are many reasons people come to Paul looking for answers around taking an income. It’s also a topic that companies are constantly using to market their products to you. Listen along as Paul talks about a framework from income in retirement and some of the most common traps people fall into when setting up their investment to take an income.
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Today, Paul and Evan talk about a lot of work that goes on around the holidays to help people with end-of-the-year financial planning. Listen along as these advisors provide some helpful tips and some common traps around financial planning to help you relax about money around the holidays.
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The University of Michigan released the consumer sentiment survey this year with some new included information: political affiliation. This survey, along with others, is used as a factor to forecast the country’s overall economic outlook. Conservatives are largely optimistic and Liberals are largely pessimistic. Paul and Evan talk about how politics sneak into our financial systems and why it’s important to not respond to the movements of interest rates and markets because short-term outlooks are based on sentiment.
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Someone asks Paul and Evan a question about IRA beneficiaries and spousal transfers. Can you do a spousal transfer with other primary beneficiaries? What is the difference between a primary and contingent beneficiary? And how are RMDs calculated with multiple beneficiaries? Paul addresses all of these questions and encourages you to make sure that your IRA beneficiaries are up to date.
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The harsh reality is that the investing industry is a sales-driven industry. Today, Paul and Evan explain how to navigate a sales industry to get what you need and not just line the pockets of investment companies. It really comes down to this idea: It’s always safer to pay for financial planning from someone who knows and understands your goals, your needs, and your full financial situation than it is to pay for products or people who are pushing a specific strategy or investment vehicle. The advisors get into a conversation about Roth conversions and how easy it is for companies or advisors to get stuck offering the same thing to everyone without offering a thoughtful financial plan.
Start relaxing about investing by scheduling a 15-minute call with one of our advisors here.
Today, Paul talks about Medicare and Medicare Advantage plans. Listen along to hear why Paul is usually steering people away from Medicare Advantage Plans and some new research that explains their disadvantages.
Start relaxing about investing by scheduling a 15-minute call with one of our advisors here.
