Saving With Silverman

On today’s Saving With Silverman podcast, Mark Silverman CFP® explains why your 401k is far from perfect as a retirement savings tool. This also applies to your 403b, TSP or 457 plans.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-29-watch-out-for-these-weaknesses-in-your-401k-plan     What we discuss on this episode:  1:...

The final decade of your working life is crucial to your success in retirement. We’ll explain why you need to know your numbers and how flexibility is key to winning with money.   Read more and get additional financial resources: https://silverman-associates.com/saving-with-silverman-podcast/ep-28-5-financial-tips-for-your-final-decade-of-work     What we discuss on this episode:  1:19 – What’s im...

Fewer and fewer companies are providing pensions these days. Unless you work for the government or a university, most people don’t have pensions. We’ll explain why they’re no longer very popular.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-27-what-are-pensions-and-why-are-they-not-as-popular     What we discuss on this...

Mutual funds have long been the most popular way for people to invest, but that landscape is changing. We’ll explain what mutual funds are and the different types.    Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-26-mutual-funds-what-are-they-and-how-do-they-work     What we discuss on this episode:  1:22 – Clients with mut...

There’s a lot of confusion out there about annuities, probably because there are different types that do different things. We’ll explain what they are and how they work.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-25-what-are-annuities-and-how-do-they-work     What we discuss on this episode:  1:55 – Immediate annuity 3...

This show is all about planning for retirement and making sure you’re doing it the right way so you can have the kind of retirement lifestyle you always dreamed of. Today we’ll share what the stages are.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-24-stages-of-retirement-planning     What we discuss on this episode:  1:...

How much do you know about taxes in retirement? It’s an important topic that can make a major difference in your finances.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-23-what-to-know-about-taxes-in-retirement     What we discuss on this episode:  1:39 – Assuming taxes will be lower 2:52 – Strategies to improve taxes dow...

Does your financial advisor look at your tax returns? What about the fees in your investments? We’ll explain how your advisor should be helping you.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-22-things-your-financial-advisor-should-be-doing-for-you     What we discuss on this episode: 0:57 – Reviewing tax returns 2:49...

On today’s Saving With Silverman podcast, Mark shares some of his favorite and not-so-favorite financial stocking stuffers.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-21-would-you-like-these-financial-stocking-stuffers     What we discuss on this show:  0:45 – Variable annuity 2:02 – Apple stock 2:43 – High yield bonds...

On today’s Saving With Silverman podcast, Mark explains how to pick the right financial advisor. Find out why you should invest time in this crucial process.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-20-how-to-pick-the-right-financial-advisor     What we discuss on this show: 1:52 – How to find the right advisor 4:37...

On average, women outlive men and often have more financial struggles later in life. On today’s show we’ll talk about what challenges women face and how to improve their finances.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-19-financial-challenges-for-women     What we discuss on this show:  1:15 – How involved are wome...

Just like technology changes and becomes outdated, so does some retirement planning strategies. Let’s look at five financial strategies that have become obsolete.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-18-five-outdated-financial-strategies     What we discuss on this show: 1:21 - The 4% rule 2:04 - The 10/5/3 rule...

As life spans continue to increase, so does the need for more money later in life. Find out how to plan financially for a long life.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-17-can-you-afford-to-live-a-long-life     What we discuss on this show:  1:48 – Our oldest client 2:50 – Why do we talk about longevity as a ris...

Are 401K loans a good idea? What about rollovers? How much should I contribute? Get answers to these and other common 401K questions.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-16-answers-to-common-401k-questions     What we discuss on the show:  0:40 – 401K advice from company reps 1:47 – 401K loans 2:46 – 401K rollov...

Let’s talk about tax planning. The subject seems to get ignored by a lot of advisors. We explain why it’s an important conversation to have.    Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-15-the-importance-of-tax-planning     What we discuss on the show:  2:42 – Roth conversions 3:41 – Social security 5:00 - Required mini...

Different accounts have different types of tax consequences. We’ll explain the advantages and disadvantages of the accounts and how you use them.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-14-what-are-the-tax-consequences-of-different-accounts   What we discuss on this episode:  0:49 – Tax-deferred accounts 1:53 – Tax-...

What will it take to keep up with your lifestyle and goals in retirement? Income! What are some sources of predictable retirement income and what should you do with it? Let’s explore a topic that everyone feels strongly about.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-13-creating-predictable-income-in-retirement     O...

Maybe it’s too many months of quarantine, too much cable news or too much social media, but people have a lot of anxiety right now. Mark explains why you should just calm down.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-12-everybody-just-calm-down     On today's show:  0:46 – Question 1: Money in the bank? 2:36 – Quest...

While it’s easier to pretend you won’t have to worry about it, one day you or your spouse will pass away. What happens to your financial plan and assets when it does?    Read more and get additional financial resources here:  https://silverman-associates.com/saving-with-silverman-podcast/ep-11-what-happens-with-your-money-after-the-death-of-a-spouse     Today's show schedule:  0:46 - What is someo...

Do you understand the ins and outs of these financial terms that have been circulating due to the impact of coronavirus? How might your own financial plan need to shift as a result?   Read more and get additional financial resources here:  https://silverman-associates.com/saving-with-silverman-podcast/ep-10-financial-vocabulary-to-know-during-coronavirus   Today's show schedule:  1:05 - What’s the...

As you near retirement, you want all of your ducks in a row instead of dealing with the mess caused by these classic financial mistakes. Are you making smart decisions?       Read more and get additional financial resources here:  https://silverman-associates.com/saving-with-silverman-podcast/ep-9-classic-pre-retiree-mistakes     Today's show schedule:  1:02 - Investing at 59 the same way as at 39...

Whether you’ve heard his radio show on accident or know his baby steps by heart, you’ve probably heard of Dave Ramsey. But should you heed some of the advice he's giving? Let's take a look at some of the things he promotes.    Read more and get additional financial resources here:  https://silverman-associates.com/saving-with-silverman-podcast/ep-8-should-you-be-wary-of-dave-ramseys-advice   Today...

With all of the changes in the market and in the workplace lately, have you avoided making financial decisions? Are you still working toward your financial goals or are you facing a bit of pandemic paralysis?   Read more and get additional financial resources here:  https://silverman-associates.com/saving-with-silverman-podcast/ep-7-are-you-suffering-from-pandemic-paralysis-with-your-finances    ...

Do you know the difference between a traditional IRA or a Roth IRA? More importantly, do you know which one is a better fit for you and your retirement savings? We'll talk about the pros and cons of each on today's show.    Read more and get additional resources here:  https://silverman-associates.com/saving-with-silverman-podcast/episode-6-should-you-be-contributing-to-traditional-ira-or-roth-ira...

As we move through life, some things end of falling through the cracks. That happens with our finances as well because old accounts will often get forgotten about. Digging up an old 401k, life insurance policy, and other accounts can end up turning into hidden gems if you put them back to work. Let’s talk about how to do that.   Read more and get additional resources here:  https://silverman-assoc...