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Financial Choices Matter
Weekly financial and retirement planning guidance from Scottsdale's Charles Scott of Pelleton Capital Management.
Oct 15, 2020
Ep 21: The 401(k) FAQs
This episode is all about addressing the most frequently asked questions about 401(k)s. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 1:30 - Main Topic: 401(K) FAQs 1:49 - Taking A 401(K) Loan 4:13 - Roth Option 6:15 - Finding The Right Advisor 10:52 - Mailbag: Sally Asks If She Is Eligible For Half Of Her Ex-Husband’s Social Security Benefit
Oct 8, 2020
What Retirees Should Know About Wills & Trusts
People often overlook the estate planning side of preparing for retirement. There are a lot of misunderstandings about trusts and wills and the roles they play in the equation. On this episode, we’ll explore some of the critical questions you should ask about these strategies as you prepare for retirement. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes: 1:29 - Main Topic: Wills & Trusts 2:03 - Why Are Wills & Trusts Important? 3:52 - How Do You Know If A Will Or Trust Is Right For You? 5:00 - A Will Doesn’t Mean You Won’t Avoid Probate 5:49 - Is A Trust Just For Money? 7:28 - How Much Do They Cost? 8:31 - What Role Does An Advisor Play When Considering These Options? 10:32 - Mailbag: Ian Asks If His Long-Term Care Policy Has Enough Coverage
Sep 17, 2020
Eye Opening Stats Showing How Americans Save
Vanguard’s “How America Saves 2020” report is packed with lots of intriguing stats and findings about Americans and how they save for retirement in the crazy year that is 2020 (most of the recent data is technically from 2019 although some figures are current through the Spring of 2020). Let’s look at some of the top takeaways from the study and how you might compare to the “normal” savings behaviors of Americans. Show Notes: 1:14 - Main Topic: Statistics On How Americans Save 1:47 - 100 Million Americans Use A Defined Contribution Plan 4:00 - Average Number Of Funds Used In These Plans Are 2.4 5:36 - 34% Of Participants Didn’t Contribute Enough To Meet Their Employer’s Match 6:46 - Is There A Reason To Not Meet An Employer Match? 7:56 - 80% Of Participants Still Had Assets With A Previous Employer 9:26 - 96% Of Those Assets Are Able To Be Rolled Over Into Something Else 11:16 - Tristen Has Asks About How Divorcing Later In Life Might Affect Retirement
Sep 3, 2020
This One’s On The House
We get a lot of questions about how the house (or houses) fit into retirement plans. From downsizing to rental properties to interest rates, let’s explore some of the top retirement questions as it relates to all things housing. Show Notes: 2:03 - Main Topic: This One’s On The House 2:25 - Pay Off The House, Or Enjoy The Low Interest Rates? 3:30 - Is It Wise To Downsize? 5:14 - Is A Rental Property A Good Idea? 7:06 - What Complications Have You Seen When Handling Real Estate In An Estate, Or Legacy Plan? 8:53 - Taking Care Of Our Bodies As We age 9:57 - Life Is About Contribution 12:52 - Shelby Asks If Retirement Spending Starts To Decrease After The First 5 Years
Aug 20, 2020
Living a long time isn’t supposed to be a bad thing and it almost seems counterintuitive to categorize it as a risk. But it is. Let’s take a look at how longevity plays a role in a financial plan and have an honest conversation about how deal with the “problem” of living too long. Show Notes: 1:12 - Main Topic - Longevity Risk 2:25 - How Old Is Your Oldest Client? 2:39 - Oldest Person In Your Family? 3:20 - Who Is The Oldest Person You Have Personally Known? 4:00 - Why Is Living Long Risky? 7:02 - Have People Prepared For Longevity Appropriately? 9:10 - Client Story 11:00 - Starting The Conversation 15:07 - Millie Says She Was Going To Get Serious About Retirement Within The Next Year, But Wants Out Of Her Job Now
Aug 6, 2020
Financial Issues Particularly Challenging For Women
Many financial issues impact us all the same. But, of course, other challenges have varying impacts from person to person because our situations are all unique. Let’s take a look at some of the financial and retirement challenges that are unique to women. We also discuss some rules of thumb and get Charles' take on them. Show Notes: 2:00 - Main Topic - Financial Issues That Are Challenging For Women 3:29 - Level Of Engagement Women Have Throughout Retirement Planning Process 5:00 - Spouse That Handled Money Passes Away First 6:49 - Why Do Some Women Find Themselves In A Difficult Situation? 8:14 - Specific Challenges Faced By A Widowed Woman 9:50 - Piece Of Advice For The Husbands 10:42 - Second Topic - Retirement Rules 11:06 - The 10%, 4%, 25X, & The 80% Rule 13:13 - The Rule Of 72 14:06 - The Rule of 2.67 15:14 - The Rule Of 100
Jul 16, 2020
Are Complicated Portfolios Necessary?
How complex should a financial plan be? On one hand, a single page plan sounds nice and easy to understand. But is that comprehensive enough if it can fit on one page? Show Notes: 2:07 - Headline: The Market Rebounding 5:44 - Main Topic: Are Complicated Portfolios Necessary? 6:19 - What Do You Typically See When It Comes To The Length Of The Financial Plan? 7:11 - Misconception Between Portfolio And The Plan 8:49 - The Rule Of 11 10:22 - Not Every Advisor Is The Right Fit 13:44 - Mailbag: Nancy Asks If She Should Invest In Her Employer’s Stock
Jul 2, 2020
Are You Making These Classic Pre-Retiree Mistakes?
There are some financial planning blunders that are interesting to talk about but are quite rare in reality. On the other hand, there are some financial planning mistakes that happen far too often. Let’s talk about the mistakes so many people have made in the past it has made them “classic”. Show Notes: 1:13 - Headline: 72% Of American Say They Will Prioritize Financial Planning Once Pandemic Is Over 3:15 - Classic Pre-Retiree Mistakes 4:03 - Mistake #1: Investing Like You’re In Your 20’s 5:09 - Mistake #2: Taking Social Security As Soon As Possible 6:49 - Mistake #3: Focusing On Tax Preparation Rather Than Tax Planning 8:10 - Mistake #4: Assuming The Majority Of Healthcare Expenses Will Be Covered By Medicare 9:15 - Mistake #5: Taking On Additional Risk To Make Up For Lost Time 11:20 - Mailbag: Rork Asks If His Is Getting All The Information He Needs From His Financial Advisor
Jun 18, 2020
Cracking Open The Financial Dictionary
Step into the classroom and let’s take a look at some financial terms, define them, and find out if they’re important for the typical investor and saver to know about them. Show Notes: 3:06 - Main Topic: Financial Dictionary 3:35 - Accelerated Death Benefit 4:21 - AGI 5:28 - Fundamental Analysis 6:09 - Margin Account 7:11 - High Yield/Junk Bonds 9:31 - Sammantha Asks, “Should I Let The Kids Know About Our Plans To Leave An Inheritance?” 11:25 - What”s Buggin’ Charles?
Jun 4, 2020
Traditional IRA Vs. Roth IRA
It seems that most people don’t have a clear picture of whether they should contribute to a traditional IRA or a Roth. Let’s discuss how to determine what’s best for you. Show Notes: 1:23 - Headline: More Than 25% Of Americans Are Raiding Their Retirement Accounts Because Of COVID-19 4:16 - Traditional IRA Vs. Roth IRA - The Basic Definitions 5:10 - Why Are So Many In The Traditional Account? 6:11 - Is The Current Tax Environment We’re In A Catalyst For More People Wanting To Do Roth Conversions? 8:04 - Who Should Be Contributing To A Roth? 8:23 - Who Should Not Be Contributing To A Roth? 10:14 - Marshall Wonders If Paying The Penalty To Take Out His Variable Annuity Is Worth Avoiding The High Fees 12:37 - What’s Buggin’ Charles?
May 21, 2020
How To Avoid Critical Retirement Planning Mistakes
Let’s talk about some of the common mistakes that we see being made time and time again by retirees and pre-retirees. Show Notes: 2:24 - Bonds Are A Safe Investment 5:19 - Avoiding The Idea of Long Term Care Needs 8:43 - Guarding Against Market Declines 10:49 - Categorizing Different Investment Vehicles As Always Good, Or Always Bad 14:03 - Not Having A Plan In Place 16:06 - Beverly Asks If She Has Enough Diversification Between Her 33 Mutual Funds
May 7, 2020
Are You Paying Attention To Your Biggest Assets?
If you really took inventory of your financial situation, you might find that you’ve been taking for granted some assets that make up a huge piece of your puzzle. Is it possible you should be putting a little more thought into some of these assets? Show Notes: 1:56 - Are you paying attention to your biggest assets? 2:32 - Should we be putting more thought into these assets? 3:32 - Asset #1: 401(k) 5:45 - Asset #2: House 8:54 - Asset #3: Social Security 11:15 - Asset #4: Smaller Accounts 13:38 - Mailbag: I have a lot of money in savings earning very little interest. 16:53 - Getting To Know Charles: What item would you want to be buried with?
Apr 16, 2020
Life Events That Spark Major Changes
Sometimes events happen in life that make it really important for you to carefully assess your financial situation. Let’s explain why each of these events is usually a good reason for a financial review. Show Notes: 2:32 - Will Rogers Quote 4:00 - Life Events Can Spark Major Changes 9:50 - Unplanned Events Of Jobs 7:31 - Serious Medical Issue 11:09 - Estate Planning 17:56 - Mailbag Rick Worries About Running Out Of Money With Recent Downturn In The Market
Apr 2, 2020
The Coronavirus (COVID-19) is having a dramatic impact on our daily lives and many people are taking a huge financial hit from lost wages, a volatile stock market, and general economic uncertainty. Charles will talk about his thoughts on this situation and we will briefly mention a couple elements of the new CARES Act. Show Notes: 1:18 - How Business Has Been For Charles 3:27 - Being Able To Help A Client With The New CARES Act 6:03 - RMDs Are Not Required For 2020 8:51 - Taxes Will Have To Go Up, Which Is Why A Roth Conversion Might Be A Good Idea Right 12:00 - Great TP Shortage 13:49 - April Fools Story 15:53 - Mailbag Lucile Wonders What The Best Way To Save For Retirement Since She Cannot Contribute To A Roth
Mar 19, 2020
There are many "it depends" situations in financial and retirement planning. On today's show we look at some truths we can state with confidence. Show Notes: 2:07 - Financial Truths 3:17 - TV Can Be A Big Enemy 5:49 - The Market Moves In Cycles 8:10 - There’s No Magic Bullet 9:30 - Why Diversification Is Important 13:04 Mailbag Tim asks “My advisor is retiring and passing on the business. Should I Find A New Advisor?"
Mar 5, 2020
What's Bugging Charles?
On today's episode Charles explains why people who give investment advice without a securities license are bugging him. We also talk about how past epidemics have affected the stock market and we answer a couple email questions that have come in. Show Notes: 1:46 - What's Bugging Charles? 6:25 - How Past Epidemics Have Affected The Stock Market 7:46 - You Need A Plan To Help During These Pullbacks 9:35 - Mailbag Question from Conner: "How To Pay For College In Retirement?' 13:07 - Mailbag Question from Denver: "How Much Long Term Care Is Recommended?"
Feb 20, 2020
Who Really Pays Income Taxes?
With the national elections in November, the parties have VERY different opinions regarding who should be paying their fair share of income taxes. But do we really know who pays what? You certainly can’t rely on either political party to give you the straight information. We also dive into a discussion on how to reasonably incorporate emotions into your financial plan. Show Notes: 1:32 - Who Pays Income Tax? 2:20 - Income Tax Statistics From 2016 5:12 - Top Wage Earners 7:01 - Emotions In Financial Planning 7:29 - Fear And Greed 9:59 - Invest For The Long Term 10:55 - Using Emotions For A Good Cause 12:23 - Taking Clients' Emotions Into Consideration 16:49 - Mailbag Question from Frank: "My 401 (k) got rolled over into American Funds, is this a good thing?"
Feb 6, 2020
The SECURE Act Passed - Now What?
After it simmered in Congress for a year, the SECURE Act is now law. If you have a retirement account of any kind, or will one day inherit a retirement account, this will affect you. Matt will hit the main points of this new bill and how it will change retirement planning. Show Notes: 0:58 - The SECURE Act 1:23 - Death Of The Stretch IRA 2:14 - Small Businesses And Retirement Plans 2:48 - Required Minimum Distribution Change 3:38 - 10 Year Window Eliminated 5:36 - Multiple Beneficiaries 6:41 - Trusts Cannot Be A Contingent Beneficiary For An IRA 8:49 - Life Insurance As An Alternative Solution 14:17 - Mailbag Question from Emily: "Did 401 (k) Contributions Go Up?"
Jan 2, 2020
The Ins And Outs Of Mutual Funds
Mutual funds have long been the most popular way for people to invest, but is that landscape changing? Show Notes: 1:45 - Financial Dictionary: Tax Loss Harvesting 5:06 - Ins And Outs Of Mutual Funds 5:19 - Point #1: What Percentage Of Clients Have Mutual Funds When They First Come To See You? 6:24 - Point #2: Expense Ratios 7:58 - Point #3: Front Load, Back Load, No Load 9:20 - Point #4: Tax Issues Mutual Funds Can Create 11:07 - Point #5: Should Mutual Funds Be Eliminated? 12:59 - Mailbag Question from Confused: "How to consolidate multiple investment accounts?"
Dec 19, 2019
Your Financial Advisor Must Have These Traits
Trustworthy. Likable. Problem-solving. Good listener. We should be describing your financial advisor or a potential advisor if you’re in the process of finding one. On today’s show, we’ll talk about why it’s so important for your advisor to embrace these kinds of characteristics. That’s the easy part. But we’ll also tackle the harder part and discuss some tangible ways how you can determine if an advisor has these characteristics or not. Show Notes: 1:38 - Headline: Rand Paul Bill 6:45 - Traits A Financial Advisor Must Have 7:12 - Trait #1: Trust 8:56 - Trait #2: Likability 10:03 - Trait #3: Area Of Expertise 11:17 - Trait #4: Listening Ability 13:00 - Trait #5: Problem Solver 14:58 - Mailbag Question from Norm: "How much risk to take now that I'm in retirement?"
Dec 5, 2019
Top 5 Social Security Misunderstandings
Myths, rumors, and misunderstandings are pervasive in the world of Social Security. On this show, we’ll look to clear up the top 5 misunderstandings about Social Security. Show Notes: 1:33 - Mailbag Question from Randall: "Places to start investing in for retirement." 5:21 - Top 5 Social Security Misunderstandings 5:42 - Misunderstanding #1: Social Security Is Going Broke 6:43 - Misunderstanding #2: You Should Start Social Security As Early As Possible 7:31 - Misunderstanding #3: You Should Start Social Security As Late As Possible 9:25 - Misunderstanding #4: The SSA Can Help You Choose The Best Strategy When You Go And See Them 11:37 - Misunderstanding #5: You Don't Pay Taxes On Social Security Benefits 14:48 - Do You See People Often Overestimating Their Risk Tolerance?
Nov 21, 2019
Avoiding Critical Estate Planning Mistakes
There are some people who don’t care at all about leaving a financial legacy, but for those who do, it’s important to eliminate some of the common estate planning mistakes. Show Notes: 0:56 - In The News: How the stock market might react to the result of the upcoming election 5:27 - Avoiding Critical Estate Planning Mistakes 5:43 - Mistake #1: Not Planning Your Expenses In Retirement 7:17 - Mistake #2: Beneficiary Designations 10:01 - Mistake #3: Not Considering The Tax Implications Of Your Estate 13:25 - Mailbag Question from Helen: "Are there really no tax implications to rolling over the 401 (k)?"
Nov 7, 2019
It’s Good To Have Awkward Conversations
Sometimes being a good financial advisor means having uncomfortable conversations. We’ll take a look at how advisors should help clients navigate various tricky situations. Show Notes: 0:48 - Story Time: Tax Planning 3:48 - It's Good To Have Awkward Conversations 4:30 - Conversation #1: Death Of A Spouse 6:11 - Conversation #2: Nursing Home Care 8:50 - Conversation #3: Working Longer Than Expected 12:01 - Conversation #4: Legacy Planning 15:21 - Mailbag Question from Kevin: "My employer plans to stop matching 401k contributions..." 18:02 - Mailbag Question from Annie: "Most of my 401k is invested in company stock..."
Oct 17, 2019
Retirement Constants That Affect Everyone
While there are some factors that are different for everyone in retirement planning (variables), there are also constants that affect everyone, no matter the specifics of your situation. How do we plan around these constants? Show Notes: 2:13 - Retirement Constants That Affect Everyone 2:34 - Retirement Constant #1: Inflation 4:45 - Retirement Constant #2: Rising Taxes 6:37 - Retirement Constant #3: Market Volatility 9:15 - Retirement Constant #4: Healthcare 11:54 - Mailbag Question from Sally: "Are fees and commissions the same thing?" 13:48 - Mailbag Question from Lucy: "How often should I meet with my advisor?" 15:59 - Getting To Know Charles: What is your favorite movie genre?
Oct 3, 2019
What Flying Teaches Us About Retirement
There are some important lessons that flying can teach us about retirement planning. So check your luggage, strap into your seat and let's take a trip with Charles. Show Notes: 0:56 - What Flying Teaches Us About Retirement 2:11 - Lesson #1: Flight Plan 4:26 - Lesson #2: Turbulence 7:31 - Lesson #3: Air Traffic Control 11:13 - Mailbag Question from Tom: Term vs. Whole Life Insurance 13:41 - Getting To Know Charles: What job would you be terrible at?
Sep 19, 2019
Even Responsible Savers Make Mistakes
Even for people who have been very responsible with their money over the years, entering retirement can still be a challenge because it’s such a different stage of life. Let’s talk about some of the missteps that even responsible savers can make… Show Notes: 1:16 - In The News: Wedding Loans 3:53 - Even Responsible Savers Make Mistakes 4:24 - Mistake #1: Don't Get Too Enamored With Cash 5:57 - Mistake #2: Don't Take Too Much Risk 7:27 - Mistake #3: Don't Forget About The Tax Time Bomb 9:09 - Mistake #4: Live A Little 11:06 - Mailbag Question from Raymond: "I haven't paid much into Social Security..."
Sep 5, 2019
Busting The Biggest Financial Myths
Today’s episode is simple. We’ll look at some of the most widely believed financial myths and try to bust them wide open. The scary thing is that a lot of people base their financial plans on some of these myths. Show Notes: 2:17 Helping clients understand how their financial jigsaw puzzle fits together 5:58 Myth 1: Shifting from stocks to bonds removes the volatility from your portfolio 7:32 Myth 2: Once you've retired, life insurance is no longer necessary 9:12 Myth 3: You will need less income when you retire than you do when you're working 10: 26 Myth 4: You will probably be in a lower tax bracket when you retire 11:43 Myth 5: Financial planning is much easier to do without professional help because of all of the technology that is now available 13:40 Email Question: Investing in oil wells
Aug 15, 2019
Why Are You Making Excuses For Sticking With The Wrong Advisor?
Very often, we find that people wil stick with a broker or financial advisor who's doing a less than stellar job, and there's usually a handful of reasons why. Charles will poke some holes in those excuses, and give you a healthier picture of what your financial advisor should be doing for you if he or she is truly a good fit. We'll also take a look at some recent news items related to the student loan debt crisis. Show Notes: 1:45 - In The News: Proposed solutions to student loan debt crisis 5:41 - Why Are You Making Excuses For Sticking With The Wrong Advisor? 7:42 - Common Excuses: "I get confused when there's a meeting." 11:16 - Mailbag Question from Alex: Should I take risk off the table with my 401(k)?
Aug 1, 2019
Why Should You Plan For Retirement With A Sense Of Urgency?
Some people (in fact, probably most people) find it easy to procrastinate when it comes to financial planning issues. But let’s talk about some scenarios that might cause people to have a bit more sense of urgency. Show Notes: 1:43 - Mailbag Question from Blair: Why am I not in a lower tax bracket in retirement? 5:45 - Sense of Urgency: Scenario 1 - Loss of a job 7:09 - Sense of Urgency: Scenario 2 - Receiving a retirement buyout offer 8:39 - Sense of Urgency: Scenario 3 - Procrastination in planning for retirement 11:20 - Sense of Urgency: Scenario 4 - Death of a spouse 13:07 - Sense of Urgency: Scenario 5 - Market takes a dip 15:07 - Charles makes an important announcement about financial education 17:25 - Getting to know Charles - What area is Charles an expert in outside the financial world?
Jul 18, 2019
Exposing 401(k) Weaknesses
Your 401k can be your most powerful retirement savings tool. But it’s not perfect. Let’s talk about some of the weaknesses that you should be aware of in your 401k (or 403b, or TSP, or 457 plan). Show Notes: 1:24 - News headline about the SECURE Act 4:33 - Exposing 401(k) weaknesses 7:43 - Charles shares a tip on moving 401(k) plans outside your company 10:36 - Mailbag Question from Angie: Are all long-term care policies this expensive?
Jul 3, 2019
Are Tax Advantages Overrated?
Of course, saving money on taxes is important. But when tax advantages are being pitched as the primary benefit of an investment, should we be concerned? Charles will help us tackle the pros and cons on this week's episode. We'll also answer a question from Roberta about investing a large amount of her 401k in company stock. Show Notes: 2:00 - Mailbag question from Roberta: Is it okay to have a majority of my 401k in company stock since I know the company well? 7:14 - Are tax advantages in investments overrated? 13:06 - Getting to know Charles: Did you ever get into any trouble when you were younger?
Jun 20, 2019
“Fake News” Impacting Your Finances
The term “fake news” has become synonymous with the political climate of the past few years. But the phenomenon has spread to other parts of our culture as well. What about fake news in the financial space? We’ll look at some recent news headlines to see if they qualify to be labeled as “fake news”. Show Notes: 0:28 - Say "Hi" to new co-host, Marc. 2:05 - Quote of the Week from Pablo Picasso. 4:50 - Financial Fake News #1: Social Security is going broke. 8:18 - Financial Fake News #2: The crash of the dollar is imminent, so buy gold now. 10:52 - Mailbag Question from Jim: Is it OK to start Social Security while still working?
Jun 6, 2019
Don’t Utter These Famous Last Words
Hopefully your famous last words in life won’t be “Hey y’all, watch this!” And in the financial world, there’s quite a few phrases that you don’t want to be your famous last words either…
May 16, 2019
5 Simple Retirement Questions (That Are Hard To Answer)
Some of retirement planning’s most important questions seem so simple at first. They can be asked in just 4-5 words and give the impression the answers are a simple “yes” or “no”. But it’s tricky because many of these questions can become overwhelming to answer. Let’s cover some of the important retirement questions that are harder to answer than you might think.
Feb 7, 2019
What's Bugging Charles
Charles tackles the impending debt crisis facing college students and their parents.
Jan 17, 2019
50 Shades Of Gray Area
Not everything in financial planning is black and white. In fact, most things aren’t black and white — there’s usually a lot of gray area. Let’s identify some of the issues that usually require a nuanced discussion…
Jan 3, 2019
Top Distractions Throwing You Off Your Financial Game
It’s easy to get distracted by “shiny objects” of the financial world. Let’s cover some of the distractions for which we should be on the lookout.
Dec 20, 2018
Any advisor worth his or her salt is going to have a conversation with you about risk. But what in the world is “risk tolerance”? It’s a buzzword that gets used a lot in meetings with financial advisors, but we’ve found that a lot of people don’t have a great understanding of how their risk tolerance truly impacts their financial and retirement plans. Let’s fix that and give you the 411 on risk tolerance.
Dec 6, 2018
Are You Asking The Wrong Financial Questions?
A lot of people have questions about their retirement plan, but we find that they’re often asking the wrong questions. We’ll cover some of these common questions and learn about the different questions you should be asking instead.
Nov 15, 2018
Real Financial Advising Is Solving Problems
Most people think that a financial advisor’s primary job is picking investments. That’s only a small part of it. The reality is that the primary job is solving problems. Let’s look at some situations that have happened over the years where the financial planning became less about picking investments and more about solving problems.
Nov 1, 2018
Settle The Debate - Right Or Wrong
Depending on who you ask, you could get very different answers to some of retirement planning’s most important questions. Let’s see where our opinions all stand on issues like insurance, mutual funds & annuities. And we’ll try to answer why there are so many different opinions on these concepts.
Oct 18, 2018
Winding Back The Debt Clock
We won't be getting political about this, but the national debt is skyrocketing faster than you can imagine. At some point, it could become a huge issue for the economy if it isn't already. How could our increasing national debt impact your retirement? Charles explains.
Oct 4, 2018
Important Financial Terms You Should Know
A lot of financial terms can get confusing, even if you’ve heard them talked about a lot in the news or in a financial meeting at work or even around the dinner table with family. Let’s explore some important terms you might have heard before, but also might need a better understanding of what they mean.
Sep 20, 2018
Retirement Planning: More Than Just Investments
There’s a lot more to retirement planning than just picking investments. Is your advisor helping you navigate all the other essential areas?
Sep 6, 2018
Sales Pitches Versus True Planning
It’s important to be able to recognize the difference between an advisor who actually has a planning process and one who just gives sales pitches all day. Let’s go over how you can identify the difference.
Aug 16, 2018
A lot of investors (and quite frankly a lot of advisors) fall victim to fuzzy math when it comes to their retirement planning. Let’s explore some of the areas where someone might be employing fuzzy math.
Aug 2, 2018
Dealing With Divorce
Some folks feel shell-shocked after seeing their assets get cut in half from a divorce. Charles will share with us some ways that he helps clients navigate through tough life events like divorce. And we'll answer a listener question about fee-only advisors. Are they really the "best" kind of financial advisor to work with?
Jul 19, 2018
Unique Planning Challenges
Creating a customized retirement plan for any individual can mean addressing some unique challenges. With each of these scenarios, let’s discuss the challenges presented, as well as the solutions you might come up with…
Jul 5, 2018
Making Bad Financial Assumptions
Be careful of making assumptions about certain areas of retirement planning before you really know the facts. Some of these assumptions could be correct, but they could just as likely be wrong… We'll also ask Charles to tell us about a time someone didn't follow his advice and they came back later and admitted that they should have.
Jun 21, 2018
Risky, But Popular, Investments
It’s probably common sense when you think about human nature, but some of the riskiest investments are also the most popular. At least the risky ones generate a lot of interest, even if most folks don’t end up actually making an investment. Let’s look at some of these popular and risky investments because, after all, your financial choices matter.
Jun 7, 2018
Counterintuitive Pieces Of Financial Guidance
Some advice just makes good sense. But sometimes the guidance we get doesn’t align with our expectations. That’s not necessarily a bad thing. Let’s talk about some of the counterintuitive financial advice you may, or may not, receive. We'll answer some questions from the "mailbag" and bust up some "rules of thumb" along the way. Plus, we'll see what's buggin' Charles this week.
May 24, 2018
The Important Things You Should Know About 401(k) Rollovers
We often talk about the importance of not leaving a 401(k) with your old company after you no longer work there. Let’s explore some of the benefits of a 401(k) rollover, why you might want to move it to an IRA, what the tax implications are and some of the other essential things to consider. To get the guide, "To Rollover, Or Not To Rollover", call 480-513-1830 or e-mail firstname.lastname@example.org.
May 10, 2018
Mailbag: The 4% Rule, Ex-Husband's SS, & Big vs. Small Companies... Plus, What's Buggin' Charles?
Do you know what the 4% rule is? That's what Lisa wants to know on this week's edition of Financial Choices Matter. We'll answer her question and also field concerns about getting benefits from an ex-husband's Social Security, what it's like to work with big companies vs. smaller ones, and we'll see what's buggin' Charles.
Apr 26, 2018
The Silent Killer (of Retirement): Inflation
Have you ever put on a lot of weight at some point in your life? It’s frustrating because you don’t really notice it at first. Even the people you see every day might not notice for a while. Then all the sudden someone you haven’t seen in several months notices. And then you all the sudden can tell in the mirror. “Whoa,” you realize, “I need to do something about this.” That slow creep of weight was hard to notice day-to-day, but before you even noticed it, it had already made a significant change in your body. The same thing happens to financial plans exposed to inflation. You might not notice it for a while, but after many years, an illprepared might get ravaged by the subtle, long-term increases of the prices of things all around us. Let’s explore some ways we can guard against that creep of inflation. Plus, we'll introduce a segment of the show we like to call "Storytime". This week, we'll ask Charles to tell us a story about someone who was getting ripped off by an…