Podcasts

Managing Your Financial Future

Is There a “Safe” Amount I Can Withdraw From My Portfolio?- Episode 100

June 28, 2022

You’ve saved a certain amount to live from during retirement, maybe many years.  This is your nest egg.  But you’re concerned, because the markets are down, the balance has dropped, and since you don’t know how long you’ll live, you have no clue how much is “too much” to withdraw each month. Retirees face this… View Article

Managing Your Financial Future

Why You Need to Manage Risk- Episode 99

June 21, 2022

In the world of investing, there are things you can control, and things you cannot.  Where is the stock market headed?  Which way are the economic trends going?  These are the uncontrollable aspects, impossible to predict with accuracy. Because of this, we have to assume that certain risks will occur along the way.  And while… View Article

Managing Your Financial Future

Do We Need to Worry about This Volatile Stock Market?- Episode 98

June 14, 2022

The first half of 2022 has not been good to stocks.  After hitting record highs at the end of 2021, it’s easy to forget that stocks also go down in value from time to time.  And often, when they go down, they do so quickly and painfully. One question that’s always on people’s minds when… View Article

Managing Your Financial Future

How to Choose the Most Suitable Pension and Annuity Options- Episode 97

June 7, 2022

In last week’s episode, we discussed the various ways that a guaranteed income stream can work; specifically, how annuities function in general. We received a lot of response to that topic, and more than a few questions as well. When deciding when and how to take your annuity or pension payments, your options can seem… View Article

Managing Your Financial Future

Let’s Clear Up the Confusion About Annuities- Episode 96

May 31, 2022

There are few financial tools out there with a greater disparity of information than annuities. Locating the details you need in order to decide if an annuity is suitable for you is an onerous task, to say the least. We’re here to help. Is an annuity a good product for you? The best answer is… View Article

Managing Your Financial Future

I Forgot to Take My RMD – What Now?- Episode 95

May 24, 2022

Required Minimum Distributions (RMDs) are a fact of life for most IRA owners who are at least 72 years of age. A certain amount of money must be distributed out of the IRA each year, or the IRS imposes a strict penalty on the missed amount. How strict? 50 percent of the amount you were… View Article

Managing Your Financial Future

The Bucket Strategy Is Simple – Or Is It?- Episode 94

May 17, 2022

The Bucket Strategy is designed to give you cash flow from assets that are not affected by the whims of the stock market.  You don’t want your income to be cut simply because the markets aren’t doing well, and this is the basic premise of Buckets. Is it complicated?  Yes and no. How each person’s… View Article

Managing Your Financial Future

What to Know About Inheriting Assets- Episode 93

May 10, 2022

If you’re an heir who’s a beneficiary of any kind of asset, then you may know that it can be both a good and a bad thing. For many people, an inheritance is like a gift from above, something that will improve their life in one form or another. For others, especially those who don’t… View Article

Managing Your Financial Future

How To Create Guaranteed Income In Retirement- Season 8: Episode 12

April 12, 2022

A steady income is one of the most valuable things you can have, both before and after you retire.  If that income is guaranteed by some entity — the federal government, the PBGC, or the claims-paying ability of an insurance company — then so much the better. Pensions and Social Security are two forms of guaranteed income that people receive usually after they’ve retired.  While many (if not most) people will have a Social Security benefit paid to them, pensions are less common today than they used to be. So in absence of a company pension, how might you create a form of guaranteed income? 

Managing Your Financial Future

Want To Retire Early? Here’s What You Need to Know- Season 8: Episode 11

April 5, 2022

In the financial planning world, a lot of focus is put (rightly) on those who want to retire around age 65, give or take a few years.  But what about people who are looking to hang it all up well before that age – maybe 55, 50, or even younger? It’s more common than you might think. Doing it successfully, though, is a much bigger challenge. After all, your nest egg needs to last at least as long as you do, and at that age you’re not yet eligible for Medicare or Social Security.  So how do you make it happen? There are ways to do it. 

Managing Your Financial Future

How To Allocate – And Withdraw – Your Assets- Season 8: Episode 10

March 29, 2022

There are at least three important pieces to the retirement portfolio puzzle: asset allocation, asset location, and asset withdrawal. The first two are related to the accumulation (or saving) phase, and the third has to do with the decumulation (or withdrawal) phase. Which assets should go where when saving for retirement? Tax-free, tax-deferred, or personal accounts? A combination of some or all? And when you’re taking the assets out of the portfolio, which one(s) should ideally come out first?

Managing Your Financial Future

The Benefits and Costs of a Roth IRA- Season 8: Episode 9

March 22, 2022

One thing that many people would agree on is that paying no taxes is better than paying any taxes at all. This makes the tax-free nature of Roth IRA withdrawals very attractive, as long as all of the specific rules are met. Of course, there’s a cost to getting money into a Roth IRA.  Whether… View Article