Caffeine And Cash Flow with Michael Schulte

People have many reasons for procrastinating when it comes to putting a retirement plan together. Today we'll explore some of those excuses and why they can be dangerous. We'll also share how to overcome them. In this episode, we'll share: Why you need to plan for retirement, even if your parents didn't and they turned out "fine." (3:01) What to do if you don't know who to listen to when it comes...

You've most likely heard plenty of "rules" you're supposed to follow to retire successfully. Some of these rules are stated so confidently, you'd be crazy not to immediately accept them as fact. But we don't mind the threat of being called crazy, so let's dive into some of the most popular retirement "rules of thumb" to see if they truly lead us down the path of good financial guidance or run a ch...

Every industry has some dirty little secrets. Today we're letting you in on some of the financial world's secrets. How many of these are you familiar with?   What we discuss in this episode:   2:09 – No one knows 7:35 – Not that important 11:52 – Skill and luck 16:56 – Bold opinions   More Information: http://savingtheamericandreampodcast.com  

Sometimes in life you hit a financial crossroads of crisis and opportunity. We'll explain how to find the good when bad times are happening.   What we discuss in this episode:   2:23 – Empty nest crisis 5:07 – Bear market crisis 11:32 – Layoffs   More Information: http://savingtheamericandreampodcast.com  

It's no secret the stock market is in turmoil. We're in a bear market and the R-word (recession) is getting thrown around daily. So, what can you do to survive bear markets like the one we're in now? We've collected advice from various commentators and "experts" from across the country. You might have even heard some of this advice yourself. But should you follow it or proceed with caution? We'll...

How prepared are you for retirement? Do you know how much income you'll need and what retirees fear the most? Today we're testing your knowledge to see if you have what it takes to retire successfully.   What we discuss in this episode:   2:36 – Start saving 8:08 – Best estimate 12:34 – Fear the most 15:37 – Diversified plan 21:30 – Withdrawing money 25:23 – Mailbag: Rate of return   More Informat...

If you're counting down the days until retirement, we have a checklist of things you need to keep in mind. We'll help you get ready for the big day and make sure you are ready financially and otherwise.   What we discuss in this episode:   1:50 – Getting healthy 4:00 – Free time 5:54 – Work 7:17 – Save more 9:26 – Debt 11:02 – Risk 14:24 – Emotion 17:26 – Taxes 19:31 – Cash 23:07 – Overthinking 23...

Can I retire at 55? We get this question a lot, especially with the recent trend of people trying to retire earlier. Most people don't know if they can retire early, but we can help.   What we discuss in this episode:   1:02 – Can I retire at 55? 3:16 – How many want to retire early? 4:00 – Social Security 5:48 – Retirement accounts 7:31 – Health care 8:41 – When to start planning 10:19 – Comment:...

Is now a good time to buy Twitter stock? Should I send my child to an expensive private college? Do I have too much money in the bank? We're answering these and other questions from our listeners today.   What we discuss in this episode:   1:52 – Invest in Twitter? 8:02 – Private college 10:20 – Financial advisors and budgets 11:24 – Crying about money 14:16 – Too much in the bank? 16:19 – Life in...

Financial media often uses fear and pessimism when reporting. It drives ratings and sells. But watching too much of that could be harming your financial peace of mind.   What we discuss in this episode:   2:11 – Facts about financial media 5:52 – Money anxiety and Mark Cuban 9:38 – Magazine covers 13:58 – Predicting collapse 18:03 – True bottom 21:20 – A time to panic? 23:45 – Checking with client...

Last episode we talked about market crashes and what they are. Today we're sharing how you can prepare yourself for possible market crashes.   What we discuss in this episode:   1:58 – How to prepare 4:41 – Emotions 6:59 – Handling market corrections 9:10 – Downturns happen 10:45 – Help from your advisor 11:50 – Crashes can create opportunities 13:47 – When's the next crash?   More Information: ht...

People sometimes ask: Are we going to have another market crash soon? With Ukraine and Russia in the news, as well as inflation, people have been worried about possible World War III and their finances. We'll share some historical background on market crashes.   What we discuss in this episode:   2:34 – What is a market crash? 5:42 – Historical rate of return 8:42 – 2000-02 tech crash 11:32 – Tech...

After listening to today's episode, you'll never attend another baseball game with the family and look at it the same way. We're going to show you how taking some of baseball's most basic principles can also lead to financial success in your retirement portfolio. So, grab your peanuts and crackerjacks and let's take the financial field.   What we discuss in this episode:   4:07 – Home runs 8:29 –...

The ongoing conflict between Russia and Ukraine is making news all over the world. People are concerned about the humanitarian crisis, as well as the economy. On today's show, we'll talk about how wars have historically affected the market.   What we discuss in this episode:   1:28 – Wars and the market 2:40 – World War II 4:03 – Korean War 4:50 – Market history 8:36 – Big picture   More Informati...

Today we're answering your mailbag questions. Should a dentist sell his building and his business? How do you prepare for divorce financially? We'll answer these and other questions on today's show.    What we discuss in this episode:   1:28 – The most epic way someone was fired or quit 3:43 – Dentist wants to retire 6:04 – Getting a divorce 7:17 – Whole life insurance 9:17 – Fun and travel   More...

There are some things in life you can't predict, but you can try to plan for them. For example, when is the next market crash going to happen? We don't know, but you can prepare for it. On today's episode, we'll discuss some common things we can't predict but how we can still make a plan for them anyway.   What we discuss in this episode:   1:10 – Rams going to the Superbowl! 3:35 – Headlines: IRS...

On this episode of Saving the American Dream, we're talking about children and why they need to become part of your retirement discussion. We don't want to coddle our children by any means, but our money typically goes where our heart is, so this is an important discussion to have.   Read more and get additional finanical resources here: http://savingtheamericandreampodcast.com     What we discuss...

Just like football players don't want to fumble the ball in the red zone, you don't want to fumble your finances as you get close to retirement. We'll explain how to protect your finances.   Read more and get additional financial resources here: https://savingtheamericandreampodcast.com/retirement-strategy/ep-24-dont-fumble-your-retirement-in-the-financial-red-zone/423/   What we discuss in this e...

Welcome to our final episode of 2021. On today's show we're talking about the importance of legacy planning and what you need to know to make your plan a success.   Read more and get additional financial resources here: https://savingtheamericandreampodcast.com/estate-planning/ep-23-sorting-out-the-importance-of-legacy-planning/403/     What we discuss in this episode:  1:21 – Inflation 4:29 – Fin...

You might not be able to follow through on all 22 of these resolutions, but implement even just a few of these and you'll be well on your way to a more prosperous financial life in the coming year.   Read more and get additional financial resources here: https://savingtheamericandreampodcast.com/retirement-strategy/ep-22-22-money-resolutions-for-2022/242/   What we discuss in this episode:   2:54...

Are you a later bloomer when it comes to saving for retirement? Don't worry, we'll share some opportunities that can help you make up some lost ground.   Read more and get additional financial resources here: https://savingtheamericandreampodcast.com/retirement-strategy/ep-21-opportunities-for-retirements-late-bloomers/232/   What we discuss in this episode:   4:02 – Catch up contributions 7:20 –...

We all cut corners occasionally, but how can this hurt our financial plans? While we may think we can get away with cutting some corners, we will end up hurting our financial future if we do so.   Read more and get additional financial resources here: https://savingtheamericandreampodcast.com/retirement-strategy/ep-20-quit-cutting-corners-in-your-financial-plan/228/   What we discuss in this episo...

Different types of accounts have different tax consequences. Let's talk about those advantages and disadvantages in different types of accounts and how you use them (or don't) in your retirement planning.   Read more and get additional financial resources here: https://savingtheamericandreampodcast.com/podcast/ep-19-tax-consequences-for-different-account-types/223/   What we discuss in this episod...

This year has been pretty rough for business owners. The pandemic has not only affected profits, but also owners' retirement plans. Find out what advice we have for business owners who are struggling with how to handle retirement.   Read more and get additional financial resources here: https://savingtheamericandreampodcast.com/?p=217&preview=true     What we discuss in this episode:   2:43 – Mail...

Even if you have a solid financial plan in place, things can quickly get out of tune if you don't make adjustments from time to time. Let's talk about some of the areas where we often see people get out of tune in their financial plans.   Read and get additional financial information: https://savingtheamericandreampodcast.com/retirement-strategy/ep-17-is-your-your-financial-plan-out-of-tune/212/  ...