The Retirement Show: Your Life, Your Money with Scott Sierens

Prices are on the rise and people are being impacted in their day-to-day lives, so let's talk about how to beat retirement's nemesis – inflation. Listen to this show to find out what you can do to secure your financial future.   What we discuss in this episode:  1:08 – Going up in price 4:05 – How big of a threat? 6:53 – CNBC and NYTimes articles 10:54 – The number one concern 12:57 – How to plan...

Today we're talking about why we see volatility in the stock market. We'll also share what you should and should not focus on when this happens and how to plan and prepare no matter which direction the market goes.     What we discuss in this episode:  1:28 – Stock market drops 2:37 – Why the market drops 5:02 – Inflation 7:20 – Covid 7:39 – Russia and Ukraine 8:36 – Statistics 11:52 – Importance...

Just like football players don't want to fumble the ball in the red zone, you don't want to fumble your finances as you get close to retirement. We'll explain how to protect your finances during these crucial years on today's episode.   What we discuss in this episode:  3:49 – What is the financial red zone? 5:50 – Planning in retirement 7:24 – Mistakes 12:45 – Work on your plan 15:13 – Don't wait...

Today we're sharing seven signs that you're in good financial health. It's a good checklist to measure where you stand and whether or not you're in a good position for retirement. How do you measure up?   What we discuss in this episode:  3:31 – No depreciating debt 5:03 – Spend less than you make 6:51 – Save and invest 9:15 – How much to save 10:55 – Understand tax implications 13:25 – Retirement...

What changes should we expect to see with Social Security in 2022? Some of the changes could affect your check or your company paycheck. We'll explain how the cost of living has been adjusted and answer a listener's question about when to collect Social Security.   What we discuss in this episode:  3:12 – Cost-of-living 10:13 – Higher wage cap 12:05 – Higher earnings test limit 14:47 – Higher earn...

So much has changed since your parents retired. Gone are the days of the pension, and technology is playing a larger part than ever in how we save money and invest in our future. Today we're sharing what factors and forces are shaping retirement in the 2020s.   Read more and get additional financial resources here: http://lifemoneyshow.com     Check out our YouTube channel: https://www.youtube.com...

We're kicking off the New Year with a talk about the stock market and some predictions. As you'll see, the experts' predictions are all over the board.    Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-35-stock-market-predictions/780/   More Resources:  https://www.goldmansachs.com/insights/pages/outlook-2022-the-long-road-to-higher-rates.html https://w...

The New Year is just around the corner. Today's show is all about money resolutions and focusing on what you can control. You can't control the stock market, but there are some things you can do to improve your financial future.   Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-34-10-money-resolutions-for-2022/773/   What we discuss in this episode:  2:3...

If you're thinking about leaving your job or you're interviewing at different companies, today's show is for you. We'll help you learn how to compare different offers during your job search and what to look for.   Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-33-how-should-you-compare-job-offers/770/   What we discuss in this episode:  2:37 – Great Res...

Even if you have a solid financial plan in place, things can quickly get out of tune if you don't make adjustments from time to time. Let's talk about some of the areas where we often see people get out of tune with their financial plans.   Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-32-is-your-financial-plan-out-of-tune/765/   What we discuss in thi...

As the year winds down, we help our clients with a checklist of items to get them prepared for the new year. One very important area to take a close look at is your 401(k) contributions. What can you do to improve your retirement account next year? Today we'll share five tips to help you get the most out of your 401(k).   Read more and get additional financial resources here: https://lifemoneyshow...

When planning for financial independence, you still need to plan for things other than finances, like what you will do with your free time. We're talking about the life side of retirement today. What are you doing with your time and your energy? Grab a pen and paper and answer these questions for yourself.    Read more and get additional information: https://lifemoneyshow.com/podcast/ep-30-plannin...

We are opening up the mailbag today. George wants to know how much risk he should take with his investments and Robert wonders which Roth – 401k or IRA – is better? We'll also discuss the best way to help your parents with their investments and whether it's smart to take Social Security early.    Read more and get additional information: https://lifemoneyshow.com/podcast/ep-29-mailbag-how-much-ris...

Cutting corners - we all occasionally do it in life. Whether we do this with our finances, exercising, etc., we're all guilty of this sometimes. When you do this financially, it can really hurt you in the long term.     Read more and get additional information: https://lifemoneyshow.com/podcast/ep-28-quit-cutting-corners-financially/732/   Check out our YouTube channel: https://www.youtube.com/cha...

Have you thought about giving back to make a positive impact on the lives of others?  Are you wanting to be involved in a charitable way?  Maybe you have the ability to give some of your time.  Maybe it's financial resources.  In today's episode with Leslie Blake, Executive Director at Big Brothers Big Sisters, we discuss different ways you can volunteer, be involved, or contribute to help support...

Inflation has been in the news a lot lately, but what is inflation exactly and how might it affect your financial future? We'll explain the ins and outs and pros and cons of this much talked about topic.   Read more and get additional financial information: https://lifemoneyshow.com/podcast/ep-26-pros-and-cons-of-inflation-and-investing/717/   Cited Sources:  Inflation Definition (investopedia.com...

Getting spouses on the same page with their retirement plan can often be a challenge. We'll share some of the common things couples mess up when it comes to their finances and what you can do to avoid these mistakes.    Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-25-financial-mistakes-couples-make/711/   Check out our YouTube channel: https://www.you...

It's best to spot red flags in your financial plan early on, that way we can address them before it's too late. Can you name your investments? How often are you meeting with your advisor? Find out if your answers to these and other questions are problematic.   Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-24-spotting-red-flags-in-your-finances/702/   C...

Time to act fast. We're sharing some important tax strategies you might want to put in place before Dec. 31 to maximize your retirement accounts. We'll share what they are and why you might want to make these changes now.   Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-23-tax-planning-tips-to-maximize-your-retirement-accounts/695/     Check out our You...

We're not even to December yet, but it's important to start talking about tax planning strategies early. Today, we'll explain why now is the best time to start planning for your taxes and how you can start.   Read more and get additional financial information: https://lifemoneyshow.com/podcast/ep-22-year-end-tax-planning-tips/690/   Key Points:  4:50 – What is tax planning 8:30 – Maximize retireme...

Today we're talking about the recent proposals in the new American Families Tax Proposal. We'll walk you through some of the proposed changes and how they could affect your financial future.     Read more and get additional financial information: https://lifemoneyshow.com/podcast/ep-21-how-the-democrats-tax-proposal-could-affect-your-financial-future/678/   Key Points:  4:16 – Income taxes 6:51 –...

Today we are going to focus on questions that we've heard from people recently. We will discuss gifting money to your children, the fear of running out of money, and required minimum distributions. No matter your financial question, we're here to help guide you.     Read more and get additional financial information: https://lifemoneyshow.com/podcast/ep-20-listener-questions-gifting-money-running-...

Common sense is actually quite uncommon, especially when it comes to financial planning. Here are some common sense money approaches you need to know.   Read more and get additional financial information: https://lifemoneyshow.com/podcast/ep-19-learning-through-uncommon-sense/659/     Key Points:  3:56 – Buy low, sell high 9:30 – Don't pay more in taxes than you have to 13:07 – Keep costs low 17:0...

Sometimes the easiest way to learn about something is to make it really simple. There are a lot of assumptions out there about finances, so let's take some time to clear those up. Like the true/false tests you might have taken back in grade school, let's play a round of fact or fiction to test your financial planning acuity.   Read more and get additional financial information: https://lifemoneysh...

Retirement comes with some double-edged swords – things that are both negative and positive. We'll explain what they are and how to approach them.   Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-17-the-double-edged-sword-of-retirement/634/     What we discuss on this episode:  1:25 – Who taught Scott the most 6:01 – Stocks and investing 11:29 – Sudden...