Path To Wealth & Wisdom

Taxes are at historically low rates right now and with the national debt rising, it almost seems inevitable that taxes will have to go up in the future. However, there are certain measures you can take so that taxes won't eat away at your retirement. We discuss how to proactively plan for taxes on today's show and why this is an overlooked component of retirement planning.   Visit Steve Davis's we...

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.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@daviswealt...

Many people do not understand the threat that withdrawal rate risk can pose on their retirement. There is the old age 4 percent rule, where you take 4 percent out of your portfolio every year, but things in the financial landscape have drastically changed since that rule was created. We talk on today's show about how easily you can run out of money if you do not account for this risk and methods t...

When going into retirement, there are a myriad of risks to avoid, but today we want to focus on sequential risk. If you retire during a down market, your portfolio could suffer greatly if you have not accounted for this type of risk. Steve and Sean explain how to avoid this risk and the damage it can do if you are no prepared.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone n...

A lot of retirement planning concepts go back to fundamental ideas of investing. Buy low sell high, and investing for the long term are common discussion points on the show, but it cannot be overstated how important these concepts are to a retirement plan. Steve and Sean discuss the definition of long term investing and getting rid of emotions out of your financial decisions so you do not become a...

We talk all the time about getting a retirement plan and sticking to it, but what pillars make up a retirement plan? Steve and Sean discuss the main considerations and problem areas when creating a retirement plan for their clients on today's show.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@daviswealthmgmt.com

One critical component that often gets overlooked when preparing for retirement is inflation. Many people are aware that the prices of goods and services go up over time, but don't realize how much it financially impacts them until they retire. Steve and Sean talk about what inflation is, what contributes to it, and how they address it when putting together a plan for a client.   Visit Steve Davis...

When making important decisions in our financial life, it can be difficult to pull our emotions completely out of it because many people have strong feelings tied to their money. Steve Davis will talk to us today about making logical, financial decisions and sticking to the plan that you have established.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335...

Do you know the differences between Roth and Traditional IRAs? Do you know which one might be better to contribute to now to give you the biggest benefit in retirement? Listen to this episode to learn the ins and outs of these investment vehicles and how making the right choice when it comes to your contributions could save you thousands of dollars in retirement.   Visit Steve Davis's website:  ht...

Buzzwords are a big part of the financial landscape and for the average investor, it can be difficult to navigate this language and understand what is really being said. Steve and Sean break down some commonly used terms in the financial world, discuss what they mean, and why they are important in regards to your retirement portfolio.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/...

There's no doubt that the market has been volatile lately and may continue to be unsteady as the market starts to factor in the effect the pandemic has had on small to mid size businesses. One way to help protect your portfolio is by making sure you are diversified. Steve and Sean define what exactly diversification is and how you may be able to use it to your advantage.   Visit Steve Davis's webs...

With so much uncertainty this year and more still to come, the market is going to experience a lot of volatility. Steve and Sean guide you through navigating the highs and lows of the market, and how to protect your money as you head towards retirement.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@daviswealthmgmt.com

Life insurance can often be overlooked when you are putting together a retirement plan. That's why Steve and Sean are here to explain some of the lesser known life insurance benefits.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@daviswealthmgmt.com

To wrap up our early retirement series, we focus on taxes and retirement income today. Steve and Sean talk about some tax planning you should consider doing right now and the different ways you can receive income to fund your retirement.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@daviswealthmgmt.com

It's easy to make emotional decisions with our money as we have stated many times on the show before. Advertising companies have developed really effective techniques to try and get you to spend your money emotionally on what they have to offer. Steve talks to us today on how to take control of what you spend in order to live the lifestyle that you want in retirement.   Visit Steve Davis's website...

This is the second installment on our early retirement series. Most people do not like the idea of living on a budget. That word makes them feel restricted, but it is important to know what you are spending every month even if you do not have strict spending rules. On today's episode, Steve and Sean discuss why making an expense sheet and keeping track of your spending habits is imperative to bein...

COVID-19 has caused many workers to be laid-off and forced into early retirement. We've also seen people that want to retire early by choice because of how drastically their work environment has shifted over the past few months. This is our first installment of a 5 part series on early retirement. Today, Steve and Sean talk about planning and preparing a plan so that early retirement is possible....

There's quite a few places to slip up when applying for and choosing Medicare plans. Not to mention that the consequences for some of those errors can affect you for the rest of your life. Deb Cmar joins us this week to fill you in on the critical details you need to know about Medicare.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@dav...

Last week we covered the basics of IRA rollovers, what they are, who may benefit from them. On this podcast, Steve and Sean dive into more technical details of this investment and how the SECURE Act has changed a few things in this landscape.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@daviswealthmgmt.com

It's not uncommon to have worked for multiple companies by the time you start approaching retirement, however, many people don't know what to do with whatever employer-sponsored plan that they had at these previous jobs. Steve and Sean talk about why you should consider a rollover as well as a examples of how this can potentially benefit you.   Visit Steve Davis's website:  http://www.daviswealthm...

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.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@daviswealthmgmt.com

We have all heard the saying "don't put all your eggs in one basket." This saying holds true with retirement planning as well. Steve Davis will discuss how a proper retirement portfolio utilizes diversification and why including this in your plan is crucial.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@daviswealthmgmt.com

Life insurance is an aspect of retirement planning you need to take into consideration at a younger age, which can seem counterintuitive. But it can be a critical aspect to a retirement plan and needs some careful deliberation to see what plan can fit you. Steve and Sean will discuss how life insurance can be used and why it is something that should not be overlooked.   Visit Steve Davis's website...

We have to accept that the United States is currently in a lot of debt and it may shoot up even further if another stimulus bill gets passed. Right now, we are in a historic low tax environment, but it may not stay that way for long because of our increasing debt as a nation. Steve and Sean talk about some tax-efficient planning that may help you avoid paying a huge tax bill in the future.   Visit...

Over the years the term "financial advisor" has taken different meanings and it can be difficult to know who to trust. Luckily, a fiduciary must look out for the best interest of their clients. Steve and Sean will give us some guidelines on how to choose a fiduciary and address some of the misconceptions around this topic.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone numbe...