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Ever wondered how losing money on stocks might help you at tax time? In this episode, Registered Investment Advisor Representative Steven Sabo discusses tax loss harvesting—a strategy that can reduce your federal tax bill. Discover when to use it, how the wash sale rule works, and why ongoing financial conversations matter. Whether you’re a DIY investor or just curious about smarter ta...

Steven Sabo of Executive Financial Group discusses the dizzying game of “on again, off again” with the Trump tariff policy and how that makes relying on the stock market very difficult. So, Steven suggests people at least explore if a fixed index annuity is right for them and the potential preservation that those tools have. Steven explains how people can personalize an annuity and how...

Steven Sabo of Executive Financial Group talks about the MLB trade deadline (and his beleaguered Pittsburgh Pirates) and relates that to people checking in with their advisors mid-year. Steven discusses why Q2 and Q3 conversations are crucial for tax planning purposes, so people can start planning when to take RMDs, make QCDs, or even prepare for certain tax bills. And Steven walks through the pro...

Steven Sabo talks about 3 Doors Down lead singer Brad Arnold's state four cancer diagnosis and hear him talk about his lack of fear. Steven discusses how rear can be crippling for people and their finances but how a well-balanced and thought out plan can help people curb that emotion.  Steven notes how he sees retirement portfolios again and again, so he can give an objective look at somethin...

Steven Sabo talks about the speed of time. He responds to audio from an interview with NASCAR driver Erik Jones, who recently made his 300th Cup Series start – he is still under 30 – and how Jones is aware the next 300 starts will come even more quickly. Steven shares how retirement planning can never start too early, but even people that begin at an older age are never to late to do s...

Steven Sabo discusses Gen-Z’s stress over having to pick clothes to wear to work and compare that to the stress people have in making choices for their portfolio during this crazy stock market. Steven shares why making no decision is a bad decision, how an advisor can make the decision process easier, and what steps people can take to diversify amounts of risk and income. He also talks about...

Steven Sabo discusses the underreported numbers for distracted driving and relate that to what retirees under-consider. Steven shares how people often underestimate the need for long-term care, both because it is overwhelming and abstract. He also explains how an advisor can help and why solutions are never “set it and forget it”. Steven also explains how taxes can unexpectedly bite pe...

Steven Sabo talks about the “Florida Man Games” and the bad rep that “Florida Man” has – and then compare that to how annuities’ reputation has changed in the last few years. Steven explains how annuities are principal-protected, but how they are not always the best fit for someone. And Steven is very thorough in explaining the rightful reasons that they got a b...

Steven Sabo talks about his distaste for having to change their clocks twice a year, but then discuss the benefits of getting ahead of the curve in finances. Steven shares how procrastinating with RMDs can be painful, why charting tax payment plans is a good idea, and why it’s best to not wait in planning financial strategies. Click  here to set up a complimentary personalized retiremen...

Steven Sabo discusses how “sexy” does not always sell in financial planning. Steven explains the pitfalls of following financial fads and relates that to the erroneous assumption that a flabby NFL QB is not athletic. Steven details the importance of steadier and less volatile money plans, such as annuities, that can bolster one’s chances of their money outliving them. Set up a co...

Steven Sabo discusses why the last couple of years have been a great time to pivot to fixed income strategies. He lays out the benefits of annuities since 2022 and how had investments like that were during the 2008 financial crisis. Steven also explains the advantages of annuities, including how taxes from their gains are deferred. He also showcases other fixed income accounts and makes the case f...

Steven Sabo shares several stories of estate planning and succession plans gone wrong. He then describes the different ways that an advisor can help someone setup the right processes to grant a deceased person’s wishes. Steven also talks about how improper planning can leave heirs with a major tax burden and ways to avoid that. Steven also talks about some inspiration he got at a recent even...

Steven Sabo discusses an astonishing amount of money in New York that goes unclaimed and how far it dates back. He explains the types of accounts with which this happens, and the steps people should take to both claim their money and make sure not to leave any behind. Steven also talks about what his family did over the holidays. Ready to build your retirement plan? Visit  https://executivefi...

Steven Sabo explains to listeners what longevity risk is and five different ways it shows up. He also describes five methods to fight it, with the bottom line being that everyone needs a plan sooner than later. Steven also gives the pros and cons of long-term care insurance and the different options there. And Steven talks about hosting his fiancée’s family during the holidays. Ready...

Steven Sabo discusses changes to 401(k) regulations that allow many workers, especially those of a certain age, to contribute more money annually. Steven breaks down the amounts and the age group that gets the big boost. He also discusses the strategy of upping these contributions, versus paying off debt - and why each person’s situation can determine that answer differently. Steven also dis...

Steven Sabo talks about a recent index's assigning of a C+ grade on the U.S. retirement system. He goes over the factors that make retirement difficult, but also why people should not be overcome with fear about that. Steven talks about the tools his firm offers clients and how his team monitors market and rule changes to optimize portfolios. And Steven discusses his optimism with the Pittsburgh S...

Steven Sabo goes over what the market has been doing in the early offing since the election results and how people should be cautious about what they assume will happen. Steven also explains how people can preserve the wealth they have with the different tools he and his team offer. Steven also talks about hunting in autumn and his love for cooking.  See omnystudio.com/listener for privacy in...

Steven Sabo breaks down five changes in laws and rules for 2025: super-size contributions to 401(k)s, 401(k) auto-enrollment, SIMPLE IRAs and catch—up contributions, 10-year stretches for IRAs, and inherited penalties. Sabo also discusses excitement for the hockey season kicking into gear. See omnystudio.com/listener for privacy information.

Steven Sabo discusses some items people should consider in the last three months of the year: October – college spending accounts, November – insurance, and December – generous contributions and RMDs. He also discusses his love for the mountains and the outdoors and the importance of getting unplugged. See omnystudio.com/listener for privacy information.

In this episode, Steven discusses the intersection of politics and financial planning, particularly in the context of upcoming elections. He emphasizes the emotional impact of political events on clients' financial decisions and the importance of maintaining a long-term perspective in retirement planning. Steven provides insights into market behavior during election cycles and stresses the need fo...

In this episode, Steven discusses the intricacies of retirement planning, focusing on budgeting, fixed expenses, common mistakes, and necessary adjustments in retirement spending. The conversation emphasizes the importance of a tailored financial plan and the need for thorough understanding of one's financial situation before entering retirement. See omnystudio.com/listener for privacy information...

Steven explains the difference between qualified and non-qualified money in retirement planning. Qualified money refers to funds that have never been taxed, such as a 401k, while non-qualified money is money that has already been taxed before being invested. Steven emphasizes the importance of understanding these distinctions and planning for retirement early to take advantage of tax benefits and...

In this conversation, Steven discusses the basics of a 401k retirement plan and how to use it effectively. He emphasizes the importance of discipline in saving and the need to create a plan for using the funds in retirement. Steven also discusses the options for rolling over a 401k when changing jobs and the considerations for withdrawing money from a 401k during retirement. See omnystudio.com/lis...

In this conversation, Steven Sabo discusses the factors to consider when deciding when to start taking Social Security. He highlights the three H's: health, heredity, and human nature. Steven emphasizes the importance of considering one's health and life expectancy, as well as their financial situation and lifestyle. He also addresses the anxiety and uncertainty that can arise from news and social...

Steven Sabo discusses the idea of needing a million dollars to retire and whether it is necessary or just a vanity goal. The hosts share stories of clients who had different financial goals and how they were able to retire comfortably without reaching the million-dollar mark. He emphasizes the importance of working with a financial advisor to determine individual retirement needs and create a pers...