Saving With Silverman

A recent study analyzed Google Trends to find out what keywords are being searched the most and it revealed six financial topics that get queried the most. From income taxes to insurance, there’s a pretty good chance that you’ve searched some of these as well.   On today’s show, we’ll talk about: What problems could you run into if you’re relying on Google to do your planning? Insurance has so man...

Today we’ll talk about why a lot of people don’t think about the need for long-term care despite the fact that it could be incredibly expensive. Plus, we’ll discuss some of the different options for protecting yourself against the possibility of long-term care needs in retirement.   On today’s show, we’ll talk about: Where long-term care ranks on the list of priorities in retirement planning. Why...

Today we're sharing some qualities of money that you need to know as you plan for retirement. For example, do you know what three qualities of money should be represented in nearly every investment plan? Or how about this – what’s the best single investment that achieves all three qualities at once? Stay tuned as we explain what these qualities are and why you need to know this crucial information...

Socrates said the unexamined life is not worth living. When it comes to financial planning, it’s important to examine yourself by pondering some of these important questions. Today we’ll get to the heart of the issues.   On today’s show, we’ll discuss: What financial issues keep you up at night? What do you really desire the most financially speaking? How much of a risk taker are you when it comes...

No matter what generation you’re from, people of all ages have financial struggles – some more than others. On today’s show, we’ll dive into three generations – Millennials, Generation X, and Baby Boomers to look at the different ways they handle money and what challenges they often face.   On today’s show, we’ll share: What challenges do Millennials face? (1:40) What challenges does Generation X...

It’s time for another mailbag episode! This episode could be very helpful if you’re looking to improve your financial situation and prepare for retirement. We will discuss what to do if your life insurance policy starts charging premiums again, what to invest in that won’t be so volatile, and when to take Social Security. Listen in as we tackle some current questions from our listeners, and you’ll...

Not everyone needs a financial advisor right away, but some people desperately do. Unfortunately, people can have a hard time understanding which category they fall into. We’ve met with many different clients over the years. During those discussions, we’ve been able to tell who urgently needs our help, who simply needs a little guidance, and who thinks they have it all figured out. Listen to today...

In the complex world of financial planning, there are countless pitfalls one could fall into as you approach retirement. In this episode, we’ll share some common mistakes we see people make all the time. Avoiding these crucial missteps can have a significant impact on the success of your retirement plan. We'll delve into these key issues and learn how to navigate them effectively when it's your tu...

Is there really such a thing as having predictable, guaranteed income in retirement? Maybe the question is really “guaranteed by whom?” In this episode, we’ll discuss some of the retirement income sources that people might view as predictable but really aren’t certain.   On today’s show, we’ll share: Is predictable, guaranteed income in retirement really a thing? (1:35) What are some examples of p...

Today’s topic may be a difficult one to consider, but it is a very important one at the same time. If you were to lose your spouse, what steps should you take to manage your finances? In today’s episode, we are going to share some real-life examples and cover the most common questions and challenges we’ve seen clients face after losing a loved one.   On today’s show, we’ll share: What are the main...

Yogi Berra was a sports icon and one of the most quotable people to ever live. And when we look at some of his quotes through the right prism, they can teach us some lessons about financial planning. In today’s episode, we’ll have a little fun with some of these quotes to see what financial wisdom we can pull from them.   On today’s show, we’ll share: I never said most of the things that I said. (...

When it comes to financial planning, it’s OK to admit that you don’t know the answer to something. The real danger is thinking you know the answer to something when you actually have it all wrong.    Today we’re discussing some of the things people think they know, but in reality they really don’t. Even with all the information that’s available to us everyday, there are still plenty of aspects of...

Last year was a rough year in the market, but it’s hard to attribute it to any one particular trend. It was more a confluence of various factors. On today’s show, we’ll review some of the absolute worst days, weeks and years in market history, what caused them and what we learned.   On today’s show, we’ll share: What happened on Black Tuesday? (2:03) How did the Dot Com crash affect us? (2:41) Wha...

It’s time for another mailbag episode, and we have some great topics to discuss. This episode could really help if you’re looking to improve your financial situation and prepare for retirement. We will discuss whether to take expensive trips, how to prevent your children from having hurt feelings over your will and when to pay extra on your mortgage. Listen to hear some of the questions our listen...

When you think about the word “generosity,” what comes to mind? Maybe money or time spent helping others. We’ve all known generous people in our lives – and those who didn’t have this trait – but generosity can take many forms.   On today’s show, we’ll share some examples of generosity and how that can work with your overall financial plan.   On today’s show, we’ll share: What does it mean to be g...

Almost everyone likes the idea of a healthy bank account. But can there be too much of a good thing?   We’ll explain some of the common reasons people want cash on hand and why it might be counterproductive to have too much in your checking or savings account.   On today’s show, we’ll share: What are some common needs for cash? (0:54) How much cash should I have? (2:17) Why do some people keep so...

The idea of a Roth conversion is intriguing to a lot of people. For some, it can be a great strategy to enact, but others might not know what it is. Today we’ll share what a Roth conversion is, why it’s worth considering and some common mistakes we see people make with them.   On today’s show, we’ll share: What is a Roth conversion? (2:17) Why is a conversion helpful for people who make a lot of m...

Today we’re chatting about the characteristics of financial advisors. Everyone has different personalities, but what should you look for in an advisor? How much should likeability and listening skills play into the person you choose? How much emphasis do you place on things like trust, areas of expertise, and the ability to solve problems? You want to find someone who resonates with you and can he...

Today’s show combines two fun topics – finances and football. Believe it or not, planning for your financial future has some similarities to the sport of football. In retirement planning, some people try to be successful without having a coach at all. Others keep the same coach that they’ve had for years, even though things aren’t working out with him.  We’ll explain why you need to design a portf...

We’re opening up the mailbag today to answer your questions. We got a lot of good feedback, including questions about taxes in retirement, using investments to pay for a car and more.   If you have a question, you can submit it on our website . There’s a high likelihood you’ll hear your question answered on air. We’d love to hear from you.   On today’s show, we’ll share: Do you have to pay taxes i...

If you have a financial advisor or are thinking about getting one, you might be wondering how we are paid. There are several different ways that financial advisors can be paid, but which way is the best for you?   Other than fees paid to an advisor, what are some of the other costs that you might encounter in the financial world? We’ll explain some of the things you need to know about finances and...

The doctor is in, and we’re here to share some common financial diseases and how they can affect you. From “Inflation-itis” to “Old Fogey’s Disease,” we can spot the trouble areas in your financial life.   Whether you suffer from “Acute Portfolio Riskopathy” or “Nursing Home-Atosis,” we are here to help.   On today’s show, we’ll share: What the causes of Acute Portfolio Riskopathy are and why you...

What can the game of golf teach us about retirement planning? How does hitting a hole-in-one correlate to your finances? And how is a caddy like a financial planner?   We’ll answer these and other questions on today’s show. If you love golf and getting your money and retirement in order, today’s show is for you.   On today’s show, we’ll share: Why a hole-in-one is not what you want to shoot for in...

If you take a close look at most folks’ financial situations, you’ll find that it’s almost scandalous how badly their financial matters have been handled. Let’s talk about the steps you should take to create a scandal-free retirement.   From consumer debt to leaky budgets, we’ll explain what you can change to have a scandal-free retirement.   On today’s show, we’ll share: Why you need to impeach c...

Some people are nervous about the idea of meeting with a financial advisor because they don’t know what to expect.   Will they be sold something they don’t need? Will they be chastised for not handling their money well enough up to that point? We’ll take some of the mystery out of that first visit on this episode.   On today’s show, we’ll share: How to get prepared for your first visit with a fina...