Retirement Planning - Money Not Math

7 Questions to Ask Yourself During Retirement Planning. Money Not Math 123 Have you determined if you are prepared for retirement? Have you asked yourself these seven questions about your retirement plan? Have you found answers to these seven questions? Would it be helpful to have a professional help you build, implement, and maintain your retirement plan? “Many people are living longer, which mea...

Time the Market at Your Risk. Money Not Math 122 “However, when it comes to investing and money management, my fear is that faster and easier ways of investing will allow people to lose more money faster and easier.” “The purpose of having an investment plan is so you can relax. So you don’t look at the market every day, stressing out and asking, “How’m I doing? How’m I doing?” Investors actively...

Are you making wild predictions in your financial planning game? Money Not Math 121 Are you trading stocks and making financial planning picks like you play Fantasy Football? Are you taking some or all of these four steps towards financial prudence? 1) Understand the impact of your decision. 2) Think long term. 3) Know your investments. 4) Seek out a qualified financial advisor. Article referenced...

Do you and your Advisor trust the Stock Market? Money Not Math 120 “With over 200,000 financial advisors in the United States, how do you pick one?” “Think of the market as a giant information processing machine. Prices change as millions of buyers and sellers react to new information coming into the market. Prices settle at “fair” values that seems reasonable to both the buyer and the seller.” “W...

Do Markets Care Who Runs Congress? Money Not Math 119 Should you change your investments according to which party wins a majority on Capitol Hill? Are investors investing in companies or a political party? Do you have a retirement plan that you understand and are confident in regardless of who wins in November? #MoneyNotMath #Retirement #RetirementPlanning #5StoneFinancialGroup #Markets #StockMark...

Why We Should NOT Run from Market Fluctuations! Money Not Math 118 “Stock returns are volatile, but nearly a century of bull and bear markets shows that the good times have outshined the bad times. The stock market’s ups and downs are unpredictable, but history supports an expectation of positive returns over the long term. For the best shot at the benefits the market can offer, stay the course. D...

What Does Midterm Elections Mean for the Stock Market? Money Not Math 117 “While the outcomes of the elections are uncertain, one thing we can count on is that plenty of opinions and prognostications will be floated in the days to come. In financial circles, this will almost assuredly include any potential for perceived impact on markets. But should long-term investors focus on midterm elections?”...

Estate Planning within your Retirement Planning with Nathan Haase. Money Not Math 115 Have you properly planned for your death? When people are doing their estate and retirement planning. What options are available for them to make sure their money and assets go where they want them to when they die? - What typically happens to people’s estate if they don’t have an estate plan of any kind? - Are y...

Are your investments diversified globally? Money Not Math 114 If not, should they be? Should you go global for diversification that travels well? Is too much of your retirement portfolio invested in United States companies? Good luck to the Prowlers with their homecoming game tonight! #MoneyNotMath #RetirementPlanning #5StoneFinancialGroup #Money #investments #diversify #global #portfolio Article...

Are you waiting until it’s too late? Money Not Math 113 Are you waiting to get personally owned life insurance until it is too late? Are you waiting for a major life event to occur before buying life insurance? Would if that major life event makes you unable to get life insurance so it is too late? Did you know you can lose your group life insurance and your group life insurance doesn’t come with...

Is your family on the same page financially? Money Not Math 112 Are you and your spouse on the same page and working towards the same financial goals? Do you both completely understand what your retirement plan is and agree on your strategies? Do you have your wills and trusts done? Is your funeral covered financially for your loved ones when you are gone? Are your kids and loved ones aware of wha...

Do you have an effective Map to achieve your Retirement Plan? Money Not Math 111 Do you have a clear picture of all the financial puzzle pieces in your life and how they all fit together? Would it be valuable to you to have an understandable Asset-Map of your current situation plus a concise plan to build the retirement you deserve? Are other people in your life financially dependent on you? Do yo...

Are you planning for retirement all wrong? Money Not Math 110 The biggest risks in retirement and the mistakes we make when planning for them The 5 big retirement risks · Longevity risk — the risk you’ll outlive your money · Market risk — the risk of volatility in the stock market and housing market · Health risk — the risk of unexpected medical expenses and long-term care needs · Family risk — th...

The Difference Between a Forecast, a Wish, and a Worry. Money Not Math 109 Are you familiar with the difference between a forecast, a wish, and a worry? What are you basing your long-term retirement planning decisions on? “But when it comes to investing, it’s crucial to remember the difference between news and opinion, and how they are sometimes used to forecast the future.” – David Booth “Do you...

The Cost of Trying to Time the Market. Money Not Math 108. “The effect of being out of the market for even a short time can be profound—missing a period of strong returns can drastically impact overall performance.” Did you know that missing just one week in the stock market can cost you over 16% of your investment potential? #5StoneFinancialGroup #MoneyNotMath #Retirement #StockMarket Disclaimer,...

Is there light at the end of the Inflation Tunnel? Money Not Math 107 How has inflation affected you the most? Please comment to let me know. At some point over the past year, the financial media’s inflation coverage transitioned from, “ Will this high inflation persist? ” to, “ Here’s how to cope with inflation that’s here to stay! ” “This might be the market’s way of telling us it sees inflation...

What is more valuable to you? Your time or your money? Money Not Math 106 Which are you more likely to give? Your time or money? Do you associate your time spent outside of work with a monetary value? #5stonefinancialgroup #moneynotmath #money #time #value #retirement YouTube: https://youtu.be/npnu593U8wI

10 Things You Should Know about Social Security Benefits and How They May Affect Your Retirement Planning. Money Not Math 105 1) Is Social Security just for retired workers? 2) At what age can I start collecting benefits? 3) How do I sign up for Social Security? 4) How long do I need to work to become eligible for benefits? 5) Must I stop working to collect retirement benefits? 6) How much will I...

2 Top Takeaways on the stock market from the 2022 Morningstar Investment Conference. Money Not Math 104 According to Morningstar.com, The Morningstar Investment Conference delivers their signature research, insights, and analysis to professionals who want to empower investor success. The two main takeaways? The first was that despite all blaring headlines you may see (which are designed to scare r...

Whose game are you playing? Money Not Math 103. Whose financial future and retirement are you planning for? Would you buy the exact same clothes that I wear if I loved them? One of the biggest mistakes I see people make when it comes to building and implementing their retirement plans is doing what their friends, family, or person they had beers with at the bar were doing because it "was working"...

6 Retirement Planning Issues Most People Make and How to Avoid Them. Money Not Math 102 “Get your expenses under control, start saving more, and diversify your assets. It’s the only way to enjoy a comfortable life after you retire.” - https://www.nasdaq.com/articles/6-retirement-planning-issues-most-people-make-and-how-to-avoid-them Social Security Estimator https://www.ssa.gov/benefits/retirement...

Laura Stengrim’s best financial lessons learned and advice. Money Not Math 101 clip What are the greatest business and financial lessons Laura- Social Butterfly- has learned? What advice would she give to other business owners? Would social media management and marketing add value to your business? #moneynotmath #money #business #consistency #overheadcosts #timemanagement #family #corevalues This...

The value of social media marketing for small businesses with Laura Stengrim - Social Butterfly. Money Not Math 101 Find something you are passionate about to spend your time on without sacrificing your core values (in Laura’s case, time with her family). Be conscious of your overhead costs and the difference between gross profit vs. net profit. Be willing to put some skin in the game to provide a...

Thank you! Money Not Math 100 “If you are not willing to learn, no one can help you. If you are determined to learn, no one can stop you.” -Zig Zigler "It is almost impossible to be negative while being truly grateful"- unknown Thank you to all my guests, Jared Mayhttps://fb.watch/8OyDcUuouE/, Scott Frickehttps://fb.watch/8OyEFy08O7/, Kelsey Sletten Brateng and Kristine Oslundhttps://fb.watch/8OyH...

Have you considered the power of compounding and how you will use it to achieve your financial goals? Are you sacrificing what you want long term for what is convenient today? YouTube video: https://youtu.be/EjD3BCApN6Y #Money #MoneyNotMath #Compounding #Planning #FinancialPlanning #Goals