Simply Money by Allworth Financial

On this week’s Best of Simply Money podcast, Amy and Allworth advisor Bob Sponseller delve into the often overlooked yet crucial aspect of financial decision-making - behavioral finance. They explore how common biases like overconfidence, loss aversion, and herd mentality can significantly influence your investment choices and financial outcomes. Through relatable anecdotes and expert insights, th...

On this week’s Best of Simply Money podcast, Amy and Allworth advisor Bob Sponseller delve into the art of retirement planning beyond just finances. Explore the exciting idea of creating a bucket list to give your retirement life purpose and structure, whether you're planning it alone or with a partner. They also discuss the importance of diversifying your investments and the risks associated with...

On this week’s Best of Simply Money podcast, Amy, Steve and Allworth advisor Bob Sponseller discuss the repeal of the Windfall Elimination Provision and Government Pension Offset. These changes will greatly benefit those with public pensions such as teachers, firefighters, and police officers, allowing them to receive full Social Security benefits alongside their pensions. They also tackle concern...

On this week’s Best of Simply Money podcast, Amy and Steve dive into the topic of the Great Wealth Transfer, a significant financial phenomenon set to occur as the silent generation and baby boomers pass down $85 trillion in assets to Gen X and millennials over the next two decades. They explore the implications this wealth shift might have on society, individual financial planning, and the potent...

On this week’s Best of Simply Money podcast, Amy and Steve delve into the crucial elements of crafting a successful financial plan. This episode breaks down the seven major components necessary for a robust retirement strategy, starting with determining your retirement income needs. Learn how to account for expenses that disappear post-retirement and understand the phases of the go-go, slow-go, an...

On this week’s Best of Simply Money podcast, Amy and Steve delve into how one crucial chart can significantly impact the stock market and your 401k. In a lively discussion with Allworth advisor Bob Sponseller, they explore the emotional rollercoaster investors face during volatile market days and emphasize the importance of limited 401k checks to maintain peace of mind. The episode highlights rece...

On this week’s Best of Simply Money podcast, Amy and Steve discuss the ever-popular topic of financial predictions, focusing on what the stock market could look like in 2025. They dive into the motivations behind market forecasts and why it's crucial not to let fear and greed drive your investment decisions. With mentions of recent bold predictions by various financial analysts, they emphasize the...

On this week’s Best of Simply Money podcast, Amy and Steve delve into the dangers of investing in a market that's currently on a high. While it may seem like the best time to invest heavily in thriving stocks, such as those in the S&P 500, Amy and Steve caution listeners about the lack of true diversification. They also cover the latest offer from Robinhood – incentivizing rollovers of 401(k)s...

On this week’s Best of Simply Money podcast, Amy and Steve delve into market dynamics and the optimal strategies to adopt when markets fluctuate. In this episode, listeners gain insights into the characteristics of bear and bull markets, learning the historical data and emotional impacts of each. Amy and Steve lay out practical advice for maintaining a long-term investment strategy that's resilien...

On this week’s Best of Simply Money podcast, Amy and Steve dive into the intriguing world of investments versus fads. In this episode, they explore historical financial trends, discussing past fads like cryptocurrency, the dot-com bubble, Beanie Babies, the housing bubble, meme stocks, and NFTs. They highlight how these trends captivated public attention but often lacked solid investment fundament...

On this week’s Best of Simply Money podcast, Amy and Steve discuss how the markets are reacting to the anticipated pro-business policies of the incoming Trump administration. They explore the potential implications for stocks, bonds, and other investments, highlighting the importance of understanding market trends and avoiding reactionary financial decisions. They delve into specific examples, suc...

On this week’s Best of Simply Money podcast, Amy and Steve delve into the implications of the recent presidential election on the financial markets and investment strategies. The episode also touches on the significance of the Federal Reserve's actions over political changes and encourages investors to control what they can, such as their spending and investment strategies, while letting go of fac...

On this week’s Best of Simply Money podcast, Amy and Steve dive into pivotal life moments when reaching out to a financial advisor becomes essential. Whether it's an unexpected increase in income, a sudden job loss, or other major life changes, they discuss the importance of seeking professional guidance to navigate these financial crossroads effectively. They also explore the unique challenges fa...

On this week’s Best of Simply Money podcast, Amy and Steve dive into the complexities of understanding your tax brackets and the impact on financial decisions. Many individuals are unaware of their effective tax rate, leading to misconceptions about their tax liabilities. Amy and Steve break down the new tax rates for 2025 and explain the importance of understanding the thresholds that determine y...

On this week’s Best of Simply Money podcast, Amy and Steve discuss the journey to financial independence and the crucial elements beyond just saving money. They emphasize the importance of open communication and shared goals between partners planning for retirement. Amy and Steve highlight the necessity of discussing expectations, worries, and visions for spending retirement years together. They a...

On this week’s Best of Simply Money podcast, Amy and Steve delve into the world of annuity sales and the controversial practices surrounding them. As the labor department pushes for a fiduciary standard in the insurance industry, a senator's recent report sheds light on how conflicted advice can cost retirement savers up to 20% of their income. They explore the implications of this report and disc...

On this week’s Best of Simply Money podcast, Amy and Steve delve into how you can become a smarter investor than the so-called experts on Wall Street. Discover why the experts often get it wrong, from predicting recessions to interest rate changes, and learn how to make smarter decisions for your financial future. They also explore the importance of understanding your 401(k) rollovers. Learn how a...

On this week’s Best of Simply Money podcast, Amy and Steve dive into the historical perspectives of interest rate cuts. With the Federal Reserve lowering rates for the first time in four years, they discuss the immediate market reactions and what this means for investors. Joining them is Allworth's Chief Investment Officer, Andy Stout, who provides expert insights into the Fed’s communication stra...

On this week’s Best of Simply Money podcast, Amy and Steve dive into the economic implications of the Federal Reserve's decision to lower interest rates by half a percent. This significant move marks the first rate cut in four years, stirring the waters of Wall Street and beyond. Joining the discussion is Allworth's Chief Investment Officer, Andy Stout, who provides expert insights into why this r...

On this week’s Best of Simply Money podcast, Amy and Steve break down the latest inflation numbers and what they mean for the Federal Reserve's upcoming decisions on interest rate cuts. They dive into the nitty-gritty of what the Fed's data means for your wallet. Plus, they've got some practical advice on how to make the most of your emergency fund during these high-interest times. Feeling a bit o...

On this week’s Best of Simply Money podcast, Amy and Steve delve into the biggest mistakes they see investors make and how you can steer clear of them. From the emotional roller coaster of trying to time the market, to taking on too much or too little risk, Amy and Steve have seen it all. Plus, they talk about the financial advice investors say they really want, share strategies for those who brin...

On this Best of Simply Money podcast, Amy and Steve Sprovach take a deep dive into a mistake some investors made three weeks ago that they might not recover from. Did you make this mistake? It all started on August 5th when the S&P 500 dropped 3% after a negative jobs report for July. Even if you don’t recall the date, you probably remember the sinking feeling of checking the markets and seein...

On this Best of Simply Money podcast, Amy and Steve Sprovach reveal the financial planning steps to take starting ten years before you tell your boss to 'take this job and shove it.' Plus, people are using the equity in their homes for all the wrong reasons. Amy and Steve explain how this can derail your chance at achieving financial freedom.

On this Best of Simply Money podcast, Amy and Steve Sprovach break down the July inflation report and explain how to prepare for looming interest rate cuts. Plus, the Fiduciary standard is under attack. Amy and Steve discuss why and fight back.

On this Best of Simply Money podcast, Amy, Steve and Allworth Chief Investment Officer Andy Stout provide perspective rather than panic in the face of recent market volatility. Plus, a look at how much umbrella insurance you should have.