Today I'm talking about the current banking crisis. Why? Silicon Valley Bank and Signature Bank were the 2nd and 3rd largest bank failures in history. In addition to explaining how we got here + why these banks collapsed... ...I'm answering three (3) important questions that retirement investors are asking. If you're ready to understand what this banking debacle means and what to do in response, today's episode is for you! WANT MORE RETIREMENT PLANNING TIPS? Join 2,000+ retirement savers and sub...
Mar 29, 2023•14 min•Ep. 184
*** More Than Money is officially out! Click here to grab your copy now . *** (All net proceeds being donated to non-profit organizations dedicated to improving financial literacy and diversity in the profession.) --- Today I’m sharing my recent conversation with Joe Saul-Sehy from Stacking Benjamins. Together, Joe and I break down two real-life case studies from my (just released!) book, More Than Money . We cover: Why the "making work optional" exercise is so empowering How to have constructiv...
Mar 22, 2023•34 min•Ep. 183
Today I'm discussing risk. Specifically, a type of risk known as "tail risk." As Morgan Housel puts it, it's the hardest for people to understand... ...and it's the only one that really matters. If you want to learn what tail risk is, why it's important, and how to mitigate it, today's episode is for you. WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter . As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatshee...
Mar 15, 2023•10 min•Ep. 182
Today I'm talking about alternative investments. An "alternative" is an asset that doesn't fall into one of the three traditional investment categories (stocks, bonds, and cash). For example, private equity, venture capital, and managed futures. These complex strategies often claim to reduce risk + deliver "uncorrelated" returns. But do they live up to the hype? Do they provide compelling risk-adjusted returns? Should retirement savers include alternative investments in their portfolio? I'm answ...
Mar 01, 2023•18 min
Today I’m addressing the January inflation report. In fact, contrary to expectations, inflation increased last month. Specifically, the Consumer Price Index (CPI) jumped 0.5% after increasing by only 0.1% in December. Why are prices increasing again? Was the report positive or negative? What does this mean for the long-term inflation trend? I’m answering these questions + we have a special guest that drops by to share his thoughts. WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners ...
Feb 15, 2023•9 min•Ep. 180
Today I’m talking about investing and planning for retirement during uncertain times. In fact, I was recently invited to discuss this topic with Caleb Silver, Editor-in-Chief at Investopedia . Caleb hosts the Investopedia Express Podcast and has had conversations with everyone from Ray Dalio & Liz-Ann Sonders to Eli Manning & David Rubenstein. Needless to say, it was an honor to be on his show and share: How to build a plan for your cash and why it’s so important What mistakes investors ...
Feb 08, 2023•17 min•Ep. 179
Today I’m wrapping up our series on Financial Advisors by answering five common questions. Questions such as: How important are professional designations like CFP or CFA? What is the process for firing a financial advisor? Will I incur fees and taxes when transferring investment accounts to another financial institution? I'm also sharing more about financial coaches + what to do if you are a victim of bad financial advice. NEED TAX & RETIREMENT PLANNING HELP? Click to Learn more about our FR...
Feb 02, 2023•26 min•Ep. 178
Today I’m tackling part four of our series on financial advisors. Specifically, I’m covering three BIG things: What is a fiduciary financial advisor (and should investors work with one) How are 'fee-only' advisors different from 'fee-based' Where can retirement savers search for a financial advisor based on their needs If you want to understand some of the most misunderstood financial terms + learn how to find a qualified advisor, today’s episode is for you. NEED TAX + RETIREMENT PLANNING HELP? ...
Jan 25, 2023•25 min•Ep. 177
Today I’m sharing the different ways financial advisors charge for their services. In fact, there are FOUR main fee structures you might come across when interviewing advisors... ...and each one can be a disservice to someone. In this episode, I'm covering three important things: What are the four fee structures and their pros & cons Who is (and isn't) a good fit for each service model How much do financial advisors typically charge for their services I'm also sharing how retirement savers m...
Jan 18, 2023•58 min•Ep. 176
Want to support my upcoming book and help improve financial literacy? To encourage your support, I'm running a "buy one, give one" campaign. Here's how it works: Pre-order a copy of More Than Money (Kindle or physical copy) before Dec 31. Email a screenshot of your order to book@youstaywealthy.com . I will personally match your order and send you a second copy to gift to someone in your life. All net proceeds from the book are being donated to non-profit organizations dedicated to improving fina...
Dec 15, 2022•20 min•Ep. 175
Today I'm kicking off a multi-part series on Financial Advisors. (I'm also sharing a BIG announcement with everyone! 🥳) Here in Part 1, I'm covering three things: What is a financial advisor Why the job title is meaningless What financial advisors do (and don't do) It doesn’t matter if you manage your own finances, happily work with a financial advisor, or work with 15 advisors... ..if you want to gain a better understanding of this important (yet confusing!) profession, this series is for you....
Dec 08, 2022•20 min•Ep. 174
Bonds are on track for their worst year in history. In response, retirement investors are concerned (rightfully so) and questioning their bond allocation. To help address those concerns, I’m covering three things today: Why bond yields are NOT moving in lockstep with interest rates set by the Fed How long it takes for bond losses to recover Why retirement savers should maintain exposure to bonds for the long run I'm also sharing the pros & cons of laddering bank CDs as a bond fund alternativ...
Nov 22, 2022•23 min•Ep. 173
Today I'm talking about state taxes (in retirement!). Specifically, I'm sharing three important facts that often fly under the radar. I'm also clearing up common misconceptions and sharing real-life examples. If you're ready to learn how state income taxes will impact your bottom line in retirement, this episode is for you. Want more retirement content? Subscribe to the Stay Wealthy e-newsletter! *** ✏️ Grab the Episode Show Notes 📊 Get Your FREE Retirement & Tax Analysis...
Nov 08, 2022•15 min•Ep. 172
Today I’m sharing three retirement and tax planning updates for 2023. Specifically, I’m sharing a summary of important changes to: Social Security payments Social Security taxation Medicare Part B premiums I’m also sharing key highlights from the highly anticipated Secure Act 2.0 bill + when we might expect it to (finally) pass. If you’re wrapping up your year-end planning and starting to think about 2023 and beyond, this episode is for you. Want more retirement content? Subscribe to the Stay We...
Oct 19, 2022•13 min•Ep. 171
Recent headlines suggest stocks could be flat (or negative!) for the next 10 years. The technical for this is "lost decade." And these headlines have created more concern for investors who are already on edge . So, what exactly does a lost decade mean for retirement savers? How likely is it that we are going to experience one? If we do, how should investors approach their asset allocation? Those are the questions I'm answering in today's episode! Want more retirement content? Subscribe to the St...
Oct 11, 2022•17 min•Ep. 170
Today I'm breaking down the current state of the markets and economy . Specifically, I'm sharing: Why markets are falling (and how we got here) How things could get worse before they get better Four (4) reasons for investors to be optimistic right now If you're feeling worried or concerned and want to learn more about the current downturn, this episode is for you. *** ✏️ Grab the Episode Show Notes 📬 Subscribe to the Stay Wealthy Newsletter! 📊 Get Your FREE Retirement & Tax Analysis...
Oct 04, 2022•25 min•Ep. 169
The current yield on a one-year U.S.Treasury bond is 4% . But the yield on a ten-year Treasury bond is only… 3.5% . Why is this? What does it mean for retirement savers? And how should investors respond? That’s what I’m tackling today on the show! *** ✏️ Grab the Episode Show Notes 📬 Subscribe to the Stay Wealthy Newsletter! 📊 Get Your FREE Retirement & Tax Analysis...
Sep 20, 2022•11 min•Ep. 168
Have you joined the Stay Wealthy newsletter? No spam. No fluff. Just one retirement/tax planning article each week...written by yours truly. 😊 Sign up for free here . *** In today's episode, I’m wrapping up our tax-loss harvesting series. Specifically, I'm answering three BIG questions: What if I don’t have any capital gains to offset? How to maximize the benefits of tax loss harvesting? How do I navigate multiple tax lots properly + avoid making a costly mistake? What is direct indexing and wh...
Sep 13, 2022•23 min•Ep. 167
Today I’m continuing with our series on tax-loss harvesting . Here in part 2, I’m sharing: Who should consider tax-loss harvesting Who should stay away from it The (top) 3 things that can boost your tax savings I’m also presenting situations where tax loss harvesting can backfire , and do more harm than good. 😬 If you're a retirement saver ready to learn how this tax strategy can be maximized, you're going to love today's episode. *** ✏️ Grab the Episode Show Notes 📬 Subscribe to the Stay Weal...
Aug 30, 2022•16 min•Ep. 166
Today I'm kicking off a multi-part series on tax-loss harvesting . In part one, I'm breaking down: What tax-loss harvesting is (and how it works) Why it has become a popular tax strategy 5 little-known things about the wash sale rule If you’re a retirement saver ready to learn all about tax-loss harvesting , you’re going to love this episode...and this series. *** 📬 Subscribe to the Newsletter 📊 Get Your FREE Retirement & Tax Analysis ✏️ Grab the episode show notes...
Aug 24, 2022•24 min•Ep. 165
Today I’m tackling a few retirement and investing questions from our listeners. Specifically, I’m answering the following: How do you make sense of the two conflicting July inflation reports (0% inflation vs 8.5%)? What are Buffer ETFs and are they a good investment for retirement accounts? What will the 2023 Social Security COLA be and why are news outlets quoting different numbers? If you're ready to get answers to some of the top retirement questions I've received lately, this episode is for ...
Aug 16, 2022•21 min•Ep. 164
Today I’m talking about the case for (and risk of!) deflation . Specifically, I'm covering: What deflation is How deflation impacts our economy Why it’s a risk we should be considering If you’re ready to learn about the often-overlooked risk of deflation , you're going to enjoy this episode. *** 📊 Get Your FREE Retirement & Tax Analysis ✏️ Grab the episode show notes 📬 Subscribe to the Newsletter...
Aug 09, 2022•11 min•Ep. 163
Today, Jeremy Schneider unveils his Ultimate Investing Checklist . In fact, you can use this 7-step checklist to measure your current investing strategy. You can also use it to: Optimize your tax bill Maximize your risk-adjusted returns Eliminate costly mistakes If you want to learn how to cut through the nonsense + optimize your investment portfolio, this episode is for you. ----- Over age 50? Need retirement + tax planning help? 👉 Get Started With a Free Retirement Assessment To grab the link...
Jul 26, 2022•23 min•Ep. 162
Today we're talking about the best way to invest for kids + grandkids. In fact, guest host Jeremy Schneider says this is one of the most frequent topics he gets asked about! So, to help our listeners, he explores three BIG things: How to decide if you should invest for your kids...at all The top four (4) investing strategies to use How to optimize for taxes and growth If you have kids (or grandkids!) and want to know the best ways to invest for their future , this episode is for you. ----- Over ...
Jul 19, 2022•31 min•Ep. 161
Today we’re talking about I Bonds! Specifically, guest host Jeremy Schneider is discussing: What exactly I Bonds are How I Bonds work Where they belong in a retirement savers portfolio If you want to learn about this unique + (virtually) risk-free investment that's paying 9%+, you're going to love this episode. ----- Over age 50? Need retirement + tax planning help? 👉 Get Started With a Free Retirement Assessment To grab the links mentioned in today's episode, visit the show notes page ....
Jul 12, 2022•21 min•Ep. 160
Today Jeremy Schneider dives into Vanguard Target Retirement funds (and the tax problems they're causing). Specifically, he's sharing: What happened at Vanguard to trigger this giant tax issue Why this occurred in the first place What to do when it happens again He's also answering two (2) BIG questions from listeners! If you’re ready to learn how to avoid future mutual fund tax surprises so you don't overpay the IRS, today's episode is for you. Over age 50? Need retirement + tax planning help? ...
Jul 05, 2022•33 min•Ep. 159
Indexed Universal Life Insurance (IUL) is all the rage right now. "10%+ growth potential. Guaranteed security against market risk. Tax-free retirement income." These policies are confusing. And they sound WAY too good to be true. So to get to the bottom of it ... I bought one! I read the fine print. Did the math. And uncovered the ugly truth. In this episode, I'm sharing the 10 lies told during the IUL sales pitch + the actual financial outcome of buying one. I'm also answering two questions fro...
Jun 28, 2022•36 min•Ep. 158
Today I'm sharing a fun announcement with everyone. I'm also providing retirement savers with important information on the 2022 Medicare IRMAA brackets. This includes covering three things: What IRMAA is How IRMAA is calculated The 10 best ways to avoid IRMAA If you want to better understand how you can navigate Medicare IRMAA this year (and beyond!), you'll enjoy this episode. *** 📖 Read more about the 2022 Medicare IRMAA brackets 📬 Subscribe to the Newsletter 📊 Get Your FREE Retirement &...
Jun 23, 2022•7 min•Ep. 157
Today I’m talking about Grandparent 529 Plans . In fact, a BIG change was recently that seemed to fly under the radar. In addition to discussing this change, Robert Farrington joins me to discuss three (3) important things: How to maximize the tax benefits of a 529 Why 529 plans are great estate planning tools How to invest your money inside a 529 We also talk about alternatives to 529 plans that retirement savers might consider. If you want to learn about the new 529 rules + how to maximize the...
Jun 21, 2022•42 min•Ep. 156
Today I’m sharing key takeaways from the May inflation (CPI) report. I’m also sharing: What "shadow inflation" is (and why you should ignore it) Why inflation is high What retirement investors can do in response Over age 50? Need retirement + tax planning help? 👉 Get Started With a Free Retirement Assessment To grab the links mentioned in today's episode, visit the show notes page ....
Jun 15, 2022•25 min•Ep. 155
