Path To Wealth & Wisdom

Steve Davis is away for this week's show, so Sean Tole will be the one to help us discuss the financial topic today. It has been a few months since the government passed the CARES Act, but are we seeing it affect the economy yet? We also discuss if this piece of legislation was the right move to make to help people that have been impacted by COVID-19.   Visit Steve Davis's website:  http://www.dav...

Sean Tole joins Steve Davis to talk about how to handle volatility in the market. People can feel fearful when the market starts to dip, but having a well-structured plan can help alleviate some of these fears. We discuss the importance of long term investing instead of trying to time the market.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail:...

The earlier you save for retirement, the better off you will be. We've heard that saying many times, but some people still procrastinate when it comes to saving for retirement. Today Steve Davis will talk about the power of compounding interest and why it is so vital to save as soon as you're able to.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-m...

We have a special guest on this week's show, Sean Tole. Sean is a National Social Security Advisor and has more than 25 years of experience in investment and retirement planning. Today Steve and Sean talk about some of the biggest misconceptions of Social Security and the importance of working it into your retirement plan.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone numbe...

Retirement is not just about making ends meet without a paycheck. Many people want to go out and do things that they did not have time for in their working years. Steve Davis will talk about a couple strategies that he has used to help his clients meet their discretionary spending goals.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@dav...

It's no secret that the financial world is filled with a lot of jargon and specialized terms that can get confusing. So on this week's show, Steve Davis will take a step back and break down some of the fundamentals of investing.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@daviswealthmgmt.com

There are a lot of different strategies for reducing and eliminating debt, some of which are riskier than others. Let's take a look at your options, and talk about which ones might suit you the best, as well as some common pitfalls to avoid.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@daviswealthmgmt.com

Since this pandemic hit, the government has spent a large amount of money in order to help alleviate the sudden loss of a paycheck many American citizens have felt. While this has been helpful, it is not without a cost. Taxes are at a historically low rate, but with all of this government spending, many people believe that they will have to go up in the future. Steve Davis talks on today's show on...

Today we go over an article published by The Washington Post that talks about the "new rules" for retirement. But can these rules actually be deemed as new? Or have they always been good rules to follow when building a financial plan? Steve Davis gives us his thoughts on this article and also discusses the effects of inflation towards the end of the conversation.   Visit Steve Davis's website:  ht...

When choosing a financial advisor to handle your life savings, you want to make sure they are a perfect fit. You want them to keep your best interest in mind and some are required to do so. However, there are others that do not have that legal obligation and and only want to sell you specfic financial products. Today Steve Davis discusses what a fiduciary is and why you may want to consider one wh...

It can be easy to feel emotional with your money when you see the market dropping and your nest egg decreasing. We have to remember the simple investing mantra, "buy low, sell high." Steve Davis will discuss about the importance of long term investing and not giving into fear when we see the market go down.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-23...

We have talked about emotionally investing here on the show before, but this is a key thing to keep in mind while we go through these uncertain times. Many people tend to have a knee jerk reaction of wanting to sell their investments when they see the market take such a drastic downturn. Steve Davis will explain why you should keep your calm during tough times and not emotionally invest.   Visit S...

With all of the ups and downs we have recently seen in the market, there has never been a better time to put a retirement plan in place. Steve Davis will explain how a retirement plan will help alleviate some of the inevitable downturns and how it may help you feel more comfortable in tough times.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail:...

We had previously talked about liquidity risk back in February, but with the recent downturn in the market, we revisit this idea again. Steve drives home the idea of why liquidity risk should play a big role in your financial life and how it can be of use when the markets are down.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@davisweal...

The Coronavirus (COVID-19) is having a dramatic impact on our daily lives and many people are taking a huge financial hit from lost wages, a volatile stock market, and general economic uncertainty. Steve Davis will analyze it all on today's show as we break down the situation and give you some important things to think about when it comes to your financial plan.   Visit Steve Davis's website:  htt...

Many people wish they had more diversification in their 401(k) and one way to achieve this is to rollover a portion of it to an IRA. Today we go over the common rules of this strategy and look at some situations that would be appropriate to incorporate a rollover.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@daviswealthmgmt.com

Last week we began talking about the different types of risks. We continue that conversation today talking about what inflation and market risk are and how to plan for them effectively.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@daviswealthmgmt.com

Are you familiar with sequential and liquidity risk? Many people are not familiar with these terms, but these risks can heavily impact your financial plan. Steve Davis will explain what each of these terms mean and strategies that could potentially minimize the impact of these risks in your portfolio.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-m...

Risk tolerance is something that should be incorporated into any sound financial plan. This will help you sustain the volatility in the market, or it may even put you investments that have nothing to do with the market. Steve Davis explains how crucial it is to get your risk tolerance figured out and why long term investing is the best way to go.   Visit Steve Davis's website:  http://www.daviswea...

Death is never an easy topic to talk about, especially when it involves your parents, but it is a pertinent conversation you need to have with them in order to get everything in place. Steve Davis will guide us through the steps he recommends to take before they pass away and also the first few things to consider after they pass away.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/...

Parenting is one of the most important jobs that you will ever do. Not only are you responsible for instilling values and morals in your children, but you also have to teach them how to survive in the real world. But how do you go about introducing money to them when they are younger? On today's show we will be discussing how you might be able to teach them this vital concept early on.   Visit Ste...

After it simmered in Congress for a year, the SECURE Act is now law. If you have a retirement account of any kind, or will one day inherit a retirement account, this will affect you. Steve Davis will hit the main points of this new bill and how it will change retirement planning.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@daviswealth...

There is no doubt that procrastination is in our human nature. Many people will push off tasks that need to be done until the very last minute, but this is not a trait that you want to carry in your financial life. Today's show covers how to try and avoid procrastination in our finances and how we may be able to get a jump start on saving for retirement.   Visit Steve Davis's website:  http://www....

Emotions are prevalent in our everyday lives, so it is not surprising that some people will invest their money emotionally. Steve Davis will discuss why we should try to avoid emotional investing and why we should keep the course of a plan.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@daviswealthmgmt.com

It is crucial to know what you want out of retirement in order to put together a plan that will work. Steve Davis will discuss what factors that may considered when structuring a retirement plan and why it is important to have a solid plan in place.   Visit Steve Davis's website:  http://www.daviswealthmgmt.com/ Phone number:  (603) 715-2335 E-mail: Steve@daviswealthmgmt.com