Stay Wealthy Retirement Podcast

It's easy to believe you'll always be in great health, but the truth is, none of us knows what the future brings. You may be in great shape today but find yourself gravely ill or disabled within a few weeks. This change of events would inevitably muck up your retirement plans, and a loss in income could even leave you scrambling to keep up with regular bills. That's where disability insurance kick...

When it comes to investing, historical returns show us that, for the most part, a buy-and-hold strategy will always outperform an active one. This means that, once you have a concrete investing plan in place, you should stick with it through thick and thin — and no matter what the market does on any given day. But that doesn't mean you can randomly buy stocks and bonds and expect things to go your...

Buying a home comes with huge financial implications, and many of them come into play well before you make an offer and close on your mortgage. You could spend months, years, or even decades saving up the down payment for your home — and that's especially true if you plan to save 20% or more or if you live in an expensive area. To make the most of your situation, you'll need to focus on two main i...

The most common question about Social Security is "when should I take it?"  It's a simple question but there are a number of factors that need to be considered before you can accurately answer. If you're already taking Social Security, don't panic. There may be a solution for you if you want to change the timing of your benefits after listening to this episode. To summarize, today on the show I'm...

Think you don't have anything of value online? Think again. The reality is, almost everyone who uses the internet in any capacity has digital assets to protect . Digital assets can include any account or information you preserve on the web — things like email accounts and your social media accounts. A digital asset could also be anything you own online, such as a personal blog or a website for you...

Are you a working professional? If so, now is the perfect time to make smart moves to lower taxes in retirement. Nearing retirement or already retired? Don't worry, it's not too late to win the game against the I.R.S. Remember, it's very possible to have a higher tax bill in retirement than as a working professional. Where do these taxes come from? Required Minimum Distributions (RMDs) Social Secu...

Did you know anyone can call themselves a financial advisor? Or a financial planner, a wealth manager, an investment manager… the list goes on and on. Believe it or not, these titles have no legal or regulatory meaning. They're not evidence of experience or education. They're just marketing tools. In fact, you could call yourself a wealth manager right now if you wanted! That's just one reason why...

Decades of hard work and savings can be wiped away with one bad investment decision. Don't believe me? Just ask this guy: "I took out a $75,000 mortgage, put it all in bitcoin (at $19,442) and right now I have $48,639 left!!! WTF!!! DO I SELL OR KEEP HOLDING!?!?!" (Twitter, December 21, 2017) If you have any amount of money invested in stocks and bonds (or a home you are tempted to leverage), you...

In this episode, I share: Three super-easy financial planning tips you should tackle before 2018 wraps up. Don't worry, it's not your typical "contribute the maximum to your retirement accounts." A Tweet from Jim O'Shaughnessy that approaches the recent market volatility in a thoughtful and unique way. A BIG THANK you from us and where we are headed next. If you have any more questions, please con...

Did you know? The average cost per year for a 401(k) participant is 2.2% of their account balance , according to SmartAsset.   This number is rapidly declining, but even if you cut it in half, it would still be concerning.  When you leave a company, you have three options for dealing with your 401(k): Leave it at your previous employer Transfer it to your new employer Roll it over to an IRA at a t...

Human beings are inherently bad with money. We buy high. Sell low. Spend too much. Save too little. We are greedy when we should be fearful. We are fearful when we should be greedy. On paper, it seems so simple. We know what we are supposed to do, but year after year, generation after generation, we keep making the same mistakes. Why we make simple mistakes with our money is more complicated than...

"Better start planning for college!" – Every financial planner when you tell them you're having a baby Speaking of having a baby, my second son was born the day this podcast episode was recorded. Please welcome Sutton Cole! He weighed 7 pounds 7 ounces, he's sleeping like a champ,  and he doesn't have a 529 college saving account.  While planning for college is important, there are three things mo...

Cybersecurity. We know how important it is but don't want to take action.  We don't think anything will happen to us.  If it does happen to us, we assume there must be a way an easy way out. That's not always the case. So, today, I'm going to give you three easy ways you can improve your cybersecurity and stay safe online.  If you follow a few basic steps you can avoid exposing your own informatio...

The original interview aired on Stacking Benjamins 12-26-2017 As some know, the last several years have been a roller coaster for my family. We poured our life savings into our first home and things didn't quite go as planned. The good news? It was just money. And it was just a house. It could have been much worse and we reminded ourselves of that every day. That chapter of our life is now behind...

Right now is the perfect time to start thinking about your 2018 tax bill. Not year-end. Not the first week of April just before you meet with your CPA. Right. Now. With some proper planning, you can make some strategic moves that will help you save money on taxes today and in the future. Today, we're sharing three tax strategies that are often overlooked or unknown to the general public. They incl...

Life insurance is wildly misunderstood and often oversold.  In today's episode, we take a deep dive into the world of life insurance to show you how to buy it the right way, saving you money, time, and future headaches.  We discuss: Why we buy life insurance to begin with How to know when you need it What types of life insurance you should consider Where to buy it to make sure you're getting a goo...

In today's episode, we review the major reasons you should consider including international stocks in your investment portfolio. (Hint: it's not for a higher rate of return.) In addition, we discuss: How to invest in international stocks What asset classes belong in a portfolio and what asset classes should be removed The proper percentage to allocate to each asset class How to implement this port...

Today, we are taking questions from you, the listener. We asked you what keeps you up at night and what's been on your mind and you responded with some fantastic questions. Some of the topics we explore in today's episode include: Saving for retirement after you have maxed out your company plan (i.e. 401k, 457, 403b) Whole life insurance and why it's probably not a good savings tool The power of t...

Search "dividend stocks" and Google will return over fifty million results in less than half of a second. Dividend stocks have long been referred to as a solid investment strategy. Not because of their historical performance or tax efficiency but because they tell a good story. Unfortunately, when you really dig down into the numbers and compare dividend investing to the alternatives, the story fa...

Just about everyone saving for retirement is faced with the option: Traditional or Roth.  It doesn't matter if you are saving for retirement through an Individual Retirement Account (IRA) or a company-sponsored plan like a 401(k) or 403(b). You typically have the ability to choose between these two options. Unfortunately, most people default to choosing the wrong option and they could be missing o...

Should You Sell Stocks Now? After 9 years of stock market gains, many of you are wondering if now is a good time to sell your stocks. We know this because the blog post we wrote on the topic received a ton of attention. So, today, we are tackling that question. A few things to think about before deciding if now is the time to sell your stocks. How does this fit into your time horizon and long-term...

Jump into a conversation between Shannah Game and Taylor Schulte as they chat about the top five investing taboos that always raise questions, doubt, and insecurities. Shannah interviews Taylor to get his best advice on hot topics such as cryptocurrency investing and market corrections. He shares some simple advice and actionable tips that will help you ease into the investing world and navigate t...

In case you missed it, market volatility is back.  On January 26th, we saw the stock market go from hitting a record high to being down 10% (a.k.a the definition of a market correction) in nine days. Here's the thing: stock market corrections are normal. They happen about once every year. What's not normal is how quickly this one happened. Find show notes and more information at  www.staywealthysa...

As some know, the last four years have been a roller coaster for my family. We poured our life savings into our first home and things didn't quite go as planned. The good news? It was just money. And it was just a house. It could have been much worse and we reminded ourselves of that every day. That chapter of our life is now behind us and I had the opportunity to laugh and vent about it on one of...