11.25.20 Clark's credit card number was stolen; Americans are saving a lot
Play • 39 min

Clark tells the story of his credit card number being stolen and how quickly things got resolved.


Americans have been saving so much money recently. This is great news. And there's a lot of pent up spending demand that we're likely to see in 2021.


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Retirement Answer Man
Retirement Answer Man
Roger Whitney, CFP®, CIMA®, RMA, CPWA®, AIF®
Retirement Plan Live 2020: Unexpected Retirement - Trish and Lynn’s Retirement Goals
Welcome to week 2 of Retirement Plan Live 2021! Last week, in episode 359, you got to meet Trish who was unexpectedly laid off last year. She had been hoping to retire within 5 years, but with this layoff, she is exploring the idea that maybe she can retire now. Over the next few episodes, we will walk her through the steps I take with clients to create and test a retirement plan. “You are never too old to set another goal or dream another dream,” -- C.S. Lewis. What is a goal? Before we begin, let’s examine what a goal is. Simply put, a goal is something you want to achieve in the future. We often have larger goals and smaller, more immediate goals. They should be a stair step to your bigger vision. All of my goals stem from my values and vision. Before coming up with your goals, it is important to have a clear understanding of your values -- articulate them and define them. The idea is that your goals help you to live out your values. Have you defined your values, vision, and goals? Needs and wants Let’s talk about needs, wants, and wishes. I like to create 3 categories of spending when creating a retirement plan. This way we can determine a person’s level of fundedness. The first category is the needs category. This is what a person needs to live their baseline life. However, it doesn’t mean simply eating rice and beans every day. Trish estimates that she needs $10,000 per month to live comfortably. The next area is the wants category. One of Trish’s wants is a convertible when they move south. What kind of wants would you put under this heading? Can Trish dream big? The last section we examine is wishes. This is where you dream big without holding back. Some people struggle with this, but others take on this challenge whole-heartedly. Are you able to dream big? What are your most extravagant wishes? Listen in to hear what Trish includes in her wishes, and maybe you’ll find some inspiration for your own planning. Create your own retirement plan If you would like to follow along and do these same exercises on your own, be sure that you are signed up for the 6-Shot Saturday email newsletter to receive worksheets each week to examine your own retirement readiness as we work through this Retirement Plan Live with Trish. Are you curious to discover whether Trish has what it takes to retire? Sign up for the live webinar with Trish on January 28 at LiveWithRoger.com. This is when we put Trish’s retirement plan to the test to see if she can retire now or if she needs to continue working for the next few years. Don’t miss out! OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WHAT DOES THAT MEAN? * [2:30] What is a goal? PRACTICAL PLANNING SEGMENT * [9:10] Trish lays out her needs and wants * [20:47] I help Trish dream big Q&A WITH NICHOLE * [29:14] An asset allocation question * [31:40] Robert asks if he should cash out his mother-in-law’s annuities * [35:18] A pie cake question TODAY’S SMART SPRINT SEGMENT * [38:25] Think through your spending for the year Resources Mentioned In This Episode Episode 310 - The Pie Cake Sign up for the live webinar with Trish on January 28 at LiveWithRoger.com Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK - Rock Retirement by Roger Whitney Work with Roger Roger’s Retirement Learning Center
41 min
Crazy Money with Paul Ollinger
Crazy Money with Paul Ollinger
Paul Ollinger
Managing Our Desires (w/William Irvine)
William “Bill” Irvine is an author, philosophy professor, and an active investor who describes his intended audience as "intellectually-upscale readers who have a minimal background in philosophy but who are interested in carefully rethinking the assumptions of everyday life.” (Hey, that’s YOU!) Bill wants to make philosophy accessible and applicable to our everyday struggles. His research can best be described as hybrid, reflecting topics that lie on the border between philosophy and something else. For example, many of his articles address the ethical issues involved in finance. His first two books were on the ethical and political aspects of parenting. And his book, On Desire (one of the two we’ll discuss today), has a philosophical component, but also a scientific and religious component. In our conversation, Bill explains our biological incentive systems, how our brains are like a Thanksgiving poultry trifecta, and why it’s imperative for each of us to develop a Philosophy of Life or a Grand Goal in Living. Bill earned a BA in Mathematics and Philosophy at the University of Michigan and an MA and PhD in Philosophy at UCLA. He has been teachingat Wright State University in Dayton, Ohio, since 1983. Find out more about Bill on his website. **Please rate and review Crazy Money here. FollowCrazy Moneyon Instagram hereand join theCrazy MoneyListeners Grouphere. Get your officialCrazy Moneyt-shirts here. AboutCrazy Money: Unlike traditional personal finance shows like Dave Ramsey or Suze Orman, Crazy Money is not about how to make a million bucks, how to beat the market, or how to save money by switching cable providers. It is about deciding what role we want money to play in our lives and how we can use it to be our best selves. Topics covered include: Philosophy, Happiness, Contentment, Meaning, dreams, purpose, Success, Rat Race, Society, mental health, Buddhism, Stoicism, the hedonic treadmill, morality, Mid-Life Crisis, Business, Work, Careers, Authors, Books, Consumerism, Values, capitalism, economics, investing, saving, spending, personal finance, charity, philanthropy, altruism, affluence, wealth, wealth management, culture, society. Status. Are you really still reading?
48 min
WashingtonWise Investor
WashingtonWise Investor
Charles Schwab
Dems Take Control, but No Carte Blanche for Biden
In this episode of _WashingtonWise Investor_, Mike Townsend focuses on the new balance of power in Washington and shares insights on the mechanics of such a narrowly divided Congress. He explores issues that are likely to be at the top of Biden’s policy agenda—from more COVID relief to tax increases—and the likelihood that the necessary consensus can be built to get them approved. _WashingtonWise Investor_ is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise. If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts. Important Disclosures The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. All corporate names are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Investing involves risk including loss of principal. (0121-1ZJK)
23 min
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