Easy Money Podcast with Don Anders: Recent Episodes
Don Anders / Donovan Stull
Easy Money Podcast: Investment Advisor Representative, Don Anders, explains financial concepts in easy to understand ways using real life stories, examples, and experiences. Our goal is to be the antidote to national talking heads that give blanket advice to the masses.
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https://andersretirement.thinkific.com/courses/florida-retirement-system-drop-guide
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Financial Advisor Don Anders explains what a multi-year guarantee annuity is and how multi-year guarantee annuities work. Sometimes multi-year guarantee annuities are called MYGA. A multi-year guarantee annuity works very similarly to a CD and it gives the investor a fixed interest rate over a certain number of years, but there are certain Pros and Cons of MYGA's over CD's and Don Anders gets into those differences in this video.
Don breaks down the different riders you can have inside of your annuities. Contrary to popular opinion, not all annuities have guaranteed income or death benefits attached to them. Annuity riders are add ons to your annuity contract. The two most popular riders in annuities are Annuity Income Riders and Annuity Death Benefit Riders.
Financial Advisor, Don Anders, explains how annuitization works and the pros and cons of annuitization vs. withdrawals.
Does your annuity have to annuitize? Do you lose control over your money in an annuity? Which annuitization option should you pick? Why would you annuitize? Don Anders gets into each one of those annuity questions in this video.
Don Anders breaks down one of the top investments today for retirees: Fixed Indexed Annuities.
Fixed Index Annuities are becoming a very popular investment for conservative investors. Don talks about the fees inside fixed index annuity, earnings inside FIA Annuities, and much more.
Financial Advisor Don Anders explains what an Annuity Maturity Date is. Most people confuse an Annuity Maturity Date with an Annuity Surrender Date.
If you have a 457 deferred comp account, you may be wondering how much you're paying in fees inside of your 457 retirement plan. Don breaks down the different fees inside of a 457 deferred comp and how you can uncover hidden fees inside of your plan.
Whether you have a state 457 deferred comp or another government 457 deferred comp -- It's important to understand what fees you are paying and whether or not there are any hidden fees.
Every deferred comp plan is different -- police 457 deferred comp, firefighter 457 deferred comp, government 457 deferred comp, teacher 457 deferred comp, state 457 deferred compensation plan -- it all depends on your agency and their purchasing power, or what your government union has negotiated for your 457 deferred comp.
Would you like to review your 457 deferred comp plan? Visit our website to learn more: https://andersretirement.com/
Wall Street Bets has recently come into the mainstream media through its meme stock trades like Gamestop Stock and AMC Stock. Financial Advisor, Don Anders, breaks down what the Wall Street Bets subreddit is and whether or not retirees and pre-retirees should be trading based on what they see there.
Don breaks down Vanguard Funds Fees and other Mutual Fund Fees that you may be paying. Even the low-cost Index Funds fees
Although some mutual funds like Vanguard are usually low in fees, some can have very high fees. Don gets into how to figure out how much you're paying in investment fees and what questions to ask your mutual fund company when you call them like what is my expense ration and is there a fund load or CDSC
Don Anders breaks down how a 1035 exchange works and how you can use the 1035 exchange to rollover an annuity or life insurance tax-deferred.
annuity #annuities
Financial Advisor, Don Anders, breaks down the basic slices that you'll see in the pie charts on your financial statements.
Don Anders explains what a meme stock is and why people should be especially careful when considering meme stocks as a part of their retirement plan portfolio.
Whether it's GameStop, AMC, Bitcoin, or some other investment that is popular for popularity sakes, you need to make sure you take precautions before investing.
Don Anders gives a complete breakdown of how Variable Annuities work, Variable Annuity fees, Variable Annuity Riders, and the pros and cons of variable annuities.
Don goes over the different types of Variable Annuities and how to uncover the fees, including Hidden fees, that may be inside of your variable annuity.
Financial Advisor, Don Anders, breaks down Mutual Fund C Share Fees. Usually, there is a one year time commitment and a higher expense ratio that goes along with C Shares.
Don Anders tells you how to figure out how much you're paying in mutual fund fees and what types of mutual funds to avoid.
donanders #mutualfunds #retirementplanning #investments
Don Anders breaks down Mutual Fund B Share Fees. Usually, there is a time commitment on this type of mutual fund, and if you surrender the account before the time commitment is over you'll have a surrender charge.
Don Anders tells you how to figure out how much you're paying in mutual fund fees and what types of mutual funds to avoid.
donanders #mutualfunds #retirementplanning #investments
Financial Advisor, Don Anders, breaks down Mutual Fund A Share Fees. Usually, there is an upfront commission on this type of mutual fund with ongoing expense ratios, 12b-1 fees, and more.
Don Anders tells you how to figure out how much you're paying in mutual fund fees and what types of mutual funds to avoid.
donanders #mutualfunds #retirementplanning #investments
Don breaks down Vanguard Funds Fees and other Mutual Fund Fees that you may be paying. Even the low-cost Index Funds fees
Although some mutual funds like Vanguard are usually low in fees, some can have very high fees. Don gets into how to figure out how much you're paying in investment fees and what questions to ask your mutual fund company when you call them like what is my expense ration and is there a fund load or CDSC.
403b TSA Retirement Plans Fees can be complicated especially since there are a variety of different types of plans you can have. 403b's can be mutual funds, fixed annuities, variable annuities, etc. and Don Anders breaks down each one and how to uncover how much in fees you're paying.
So if you have a Tax Sheltered Annuity 403b, make sure you watch this video to learn how to find out how much you're paying in fees.
If you'd like to meet with one of our advisors to discuss 403b options click here to schedule an appointment: https://andersretirement.com/schedule...
Financial Advisor Don Anders explains what a multi-year guarantee annuity is and how multi-year guarantee annuities work. Sometimes multi-year guarantee annuities are called MYGA. A multi-year guarantee annuity works very similarly to a CD and it gives the investor a fixed interest rate over a certain number of years, but there are certain Pros and Cons of MYGA's over CD's and Don Anders gets into those differences in this video.
One of the biggest questions we get is Will Social Security Last for my lifetime? Don Anders gets into what he thinks about Social Security Running out of money and the Social Security changes he thinks they will make to make sure social security will not run out of money.
Will Social Security Run Out Of Money? Will Social Security Fail?
Don Anders breaks down the different Medicare options in an easy to understand way. Whether it's Medicare supplement, Medicare Advantage, Medicare Part D, or any other Medicare options.
One of the most common questions we get is "what is the best medicare supplement plan". In this video, Don Anders gets into why medicare plans are mostly the same between companies.
If you'd like to talk with someone about your Medicare Supplement Options, click here: https://calendly.com/andersfinancial/medicarewebinar?month=2021-01
In this final part of his Annuity mini-series, Don digs into Variable Annuities and why they often get a bad rap.
Continuing the Annuity mini-series, Don gets into Fixed Index Annuities and their rising popularity.
In the second of his Annuity mini-series, Don covers the importance of a Fixed Annuity.
In this first of an Annuity series, Don talks about Immediate Annuities and why they've been referred to as "your grandfather's annuity".
Annuities have to be one of the most controversial investments in 2020. You hear people talking about how you should never buy an annuity, then you hear people talk about the love annuities. What gives? Are annuities bad?
The reality is, there are many different kinds of Annuities out there, and they are NOT all the same. In this video, Don tells us about the 4 most common types of annuities, and debunks the "Annuity hot takes". In this video, Don explains annuities, annuity fees, and using annuities for retirement. Some annuities have high fees and some annuities have no fees. Some annuities are fixed and some annuities are can lose money.
Whether you're using in immediate annuities, fixed index annuities, income annuities, or variable annuities -- there are pros and cons of annuities in all of them.
Not sure how to pick a Financial Advisor? Watch this:
https://youtu.be/7Vo8lM421Hg
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Don continues to break down The 5 Needs of Money, this time covering the all-important topic of the Death Benefit.
Please remember to subscribe for more content just like this: https://www.youtube.com/channel/UCoCX...
Will you leave a financial legacy?
Have you designated beneficiaries?
Need a refresher on what The 5 Needs of Money are: https://youtu.be/JMAyJvKFIxE
Working with a Financial Advisor can be a daunting task!
You may know what your financial goals are, but how do you pick the right person to help you achieve those goals?
In this video Don walks you through how to do your own research on Financial Advisors, which licenses to check for, and how to ask the hard questions.
Visit: https://brokercheck.finra.org/
To look up who you'll be working with! It's important to do your own research.
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When someone’s rock climbing, there are two different kinds. Don explains how those two different approaches apply to what financial path you need to take.
This episode was recorded in 2019. RMD age is now 72.
Don discusses what a Required Minimum Distribution from your IRA or other retirement accounts are and what the 2019 RMD rules are.
We explain the 457(b) Deferred Compensation Plan. If you are a state employee or government employee you probably have access to a 457 Deferred Comp plan. How does a 457 b plan work? What's the difference between a 457 and 401k? When can you take money out of your 457 plan?
457 deferred compensation plans are available to Police officers, Fire Fighters, Teachers, and all other government employees.
Don Anders discusses all of that in this video.
Would you like to review your 457 deferred comp plan? Visit our website to learn more: https://andersretirement.com/
The cost of our electronics and phones has increased drastically in recent years. So are iPhones good investments? Are any electronics good investments? Don goes over the economics of owning daily technology in this episode.
Don explains an important hack you can use with your spouse's social security depending on when they choose to take it out and how you can use it your benefit.
403b retirement plans explained. A 403b/TSA is also frequently called a Teacher 401k, but in addition to teachers and school board employees, Hospitals and other non-profit organizations can have a 403(b) retirement plan. We also get into the unique withdrawal rules of a 403b.
Another name for a 403b is a TSA or Tax Sheltered Annuity.
Would you like to review your 403b / TSA? Visit us online: https://andersretirement.com/
Don discusses one of the most fundamental retirement planning concepts: The 3 legged stool of retirement planning. The three-legged stool consists of having your Social Security Plan, Pension Plan, and Investment Plan all working together to become a retirement plan that will last the rest of your life.
This concept is key, whether you're retirement planning at 40, retirement planning at 50, retirement planning at 60, or simply just looking for tips on retirement planning for beginners.
If you'd like to learn more or talk with someone that can give you a retirement plan based on the 3-Legged Stool concept, click here: https://andersretirement.com/
Don Anders discusses why you shouldn't pay off your house before retirement. Many people who give blanket retirement advice talk about the debt-free retirement myth, and while being debt-free is nice, sometimes it can be detrimental to your entire retirement plan.
Especially if you plan to pay off the house with 401k or pension money!
What is a ROTH IRA and How does it work? Don Anders explains the benefits of ROTH IRA, ROTH 401k, ROTH 403b, or any other ROTH account you may have, and why it's so important to invest in a ROTH if you have the opportunity and it fits your financial needs.
Don Anders discusses the 4 Social Security changes to keep from running out of money. One of the biggest concerns we hear is "will social security run out of money" or "is social security going broke?" The simple answer is, yes and yes.
There is a US Social Security Crisis, and changes to social security have to be made.
Do you know what the #1 biggest fear in retirement is? Running out of money.
Don Anders discusses why if you're having that concern, you're not alone, and the steps that you can take to ensure you don't have to worry about running out of money.
If you'd like your own retirement income analysis, visit our website: https://andersretirement.com/
What is a Bond Fund? And do they keep your money as safe as you think?
In this video, Don clears up some confusion about Bond Funds.
Companies sometimes offer an early retirement employee buyout, or a early retirement incentive buyout. The question is should you take a buyout?
The answer lies in what is offered vs. what you're giving up. Our recommendation is to always look into the options, but make sure you understand the downfalls of retiring early.
If you're offered a buyout and would like to discuss your options, you can schedule a complimentary phone call on our website: www.andersretirement.com
If Donald Trump is reelected, he says that he will cut or eliminate payroll taxes permanently. By eliminating FICA Tax (Eliminating Medicare taxes and eliminating social security taxes), what will that mean for retirees now and in the future? How much taxes will you save now, and how will this social security tax cut impact you in the future?
We give you tips on how to save now and in the future.
Don talks about the importance of making the money you've earned and saved last as long as you need it to.
What? Put everything on credit cards? This must be a typo!
While we realize this strategy may not work for some people, but in this podcast, Don explains why being responsible with your money and paying attention to fees and due dates you can actually benefit from putting your expenses on credit cards.
Need help selecting a card? Check out https://www.nerdwallet.com/
How your credit score works (and tips on how you can increase your credit score):
https://youtu.be/ospt7uWAXMw
Does Your Credit Score Even Matter?
https://youtu.be/fYrz2ebws5w
Credit Scores are confusing! Do you even need one in the first place?
What if you don't want to go into debt? What if you haven't ever borrowed money? Where do you start?
Don digs into why Credit Scores are important, and how to get started the right way to building it up.
We all know about traditional banks. You know, the one where you might get a sticker for your kid or a treat for your dog when you roll through the drive thru window. But with technology changing, many people's banking needs have changed as well.
This week Don talks about when to consider if online banking is right for you.
When the Stock Market takes a dip or a dive the news media tends to take it to the extreme.
But for those of you in it for the long haul, Don explains how Dollar Cost Averaging works, and how you can use that next downturn to your advantage!
Income: it's the last in The 5 Needs of Money, but it's one of the most important!
In this video Don talks about the importance of making the money you've earned and saved last as long as you need it to.
This is a big need! Growing your money!
But how and when? And how much risk is or should be involved?
Don helps break down the tradeoffs when talking about Growth as one of The 5 Needs of Money.
So YOU want to be a Millionaire??? Fear Not!
Don breaks down the math on how anyone, at any age, can achieve this goal using the biggest tool: compound interest.
We know your situation is unique, please remember that this a general outline for people to follow.
It's called Liquidity. That's the term used by financial professionals and financial institutions when talking about how easy it is to access funds. It's also one of The 5 Needs of Money, and in this video Don breaks down why it's important.
Don continues to break down The 5 Needs of Money, this time covering the all-important topic of the Death Benefit.
Don delves deeper into The 5 Needs of Money with the chief concern of a lot of people: Safety.
How safe are your investments?
Do you know what you are trading off to make them safer?
What are your options?
When the market takes a downturn, and it will eventually, do you know how much of your investments are at risk? The number may surprise you!
Don talks about what an ETF (Exchange-traded fund) is and how it could potentially be a part of your financial portfolio.
Don breaks down the difference between Advice and Information while encouraging you to find the answers that fit your unique situation.
Don gets into what the 5 needs of money are, and an exercise you can do to help you make financial and investment decisions.
"As a financial fiduciary, I legally have to put my clients' best interest before mine and I have to prove to my compliance department that I'm doing so."
It is important to be careful who you get financial help from. In this podcast Don talks about when to listen and when not to.
Riders are features available in annuity and insurance contracts. In this podcast Don explains an income rider, death benefit rider, return of premium rider, and bonus rider.
When choosing your 401k contribution, it is important to know the fees associated with the account. Sometimes you don't want to contribute too much, but you should also contribute up to the company match. Don talks about why it's important to talk to your employer before choosing a contribution amount.
Your beneficiaries may appreciate receiving money from you while you're alive instead of inheriting it later.
Roth accounts can be great but there are some things to know. In this podcast Don explains when using a Roth is appropriate.
A captive advisor can only offer a finite number of products. An independent advisor can custom fit products for their clients. This podcast discusses the benefits of working with an independent advisor.
The word boring has a negative connotation. But when it comes to investments, boring may be the way to go, especially for those people in or close to retirement.
In this podcast Don talks about three things to think about when choosing an investment advisor. He explains every advisor has a specialty, what a fiduciary is, and how to research an advisor prior to meeting him or her in person.
Choosing the right financial advisor is one of the most important decisions a person can make. In this podcast Don discusses working with an advisor who asks the right questions and understands all of your options.
Even just a one percent change in the fee for an investment or 401K can make a huge difference. This podcast discusses the importance of lowering fees, especially for younger people in the growth stage of their lives.
Term Life Insurance is an especially good investment for young people because it is cheaper and allows you to put more towards retirement. This podcast discusses term life and how it can be used by those just looking to cover someone in the event of their death.
Only 9 percent of those retiring today have a pension and the future of social security is uncertain. For these reasons it is critical for people to start saving early in their careers. This podcast discusses a couple tips for saving money.
Social Security DROP (Deferred Retirement Option Program) can be a great option for those who haven't saved enough and are close to retirement. Listen to find out how to turn social security on at full retirement age and continue to make as much money as you want.
Certificate of Deposits at the bank, or CDs, received interest rates of 18, 19, and 20 percent in the 1970s and 80s. Now, the average one year CD gets 0.27 percent. This podcast discusses an alternative for someone who is used to investing in CDs.
Diversification is a risk management technique that mixes a wide variety of investments within a portfolio. We don't want to see people putting all "their eggs into one basket." Markets change from day to day, and companies can have a turn for the worst. This podcast shares a story and how you can better understand diversification.
A breakdown of the difference between annuities and annuitization to better help you financial portfolio. This shorter episode is important to know and understand.
Variable annuities are often times a misunderstood investment. There are good and bad annuities and with big market media pushing one for more another on people, it's hard to know which are the best. This episode breaks down how annuities work and how you can better understand them.
An informative segment on bonds and bond funds. Breaking down these facets of bonds will help you better understand another key component to retirement and your personal portfolio.
Risks in the finance world are taken daily, but do you know how much risk you need to be taking or how much you should or shouldn't be? Each persons risks are different to their specific needs. A 25 year old won't take the same risks as someone who is 65 and just retired or visa versa. Know your risks, quantify versus qualify the risks and fees.
The topic of critical mass is of upmost importance. Without knowing critical mass, the 5 needs of money can't play out.
In this weeks episode, Don talks over good versus bad investments. Are there such things? Or are there only safe and aggressive investments?
In the final installment of the 5 Needs of Money, Don Anders discusses liquidity. Now that all the needs of been talked over, you, the listener, are able to truly understand how each need impacts your life and your future.
In the fourth installment of the 5 Needs of Money, Don Anders discusses the safety/stability part to these needs. Everyone looks for safety with their money, and with this podcast, those "safety nets" are brought to light.
In continuation with our 5 needs of money podcasts, we follow up with another installment and expand on the topic: Growth. Whether we need growth in the economy or our own personal funds, growth is healthy.
Continuing from previous episodes, this week we touch on death benefit in regard to the 5 needs of money. Granted, as humans we never want to think of anything bad happening, but this advice will help all listeners to take a moment and evaluate what their needs are.
Over the next few weeks, we'll be discussing the 5 needs of money. This week, we'll be starting with Income and dissecting the other 4 from there. We all know that we need money. There are many different types of accounts that we can have leading into our retirement.
This episode, Don discusses owning your strengths and not to be afraid of your weaknesses. Through personal experience, Don gives us his story of learning what his strengths and his weaknesses are and how that can relate to the world of finance as well.
This edition of Easy Money with Don Anders discusses the 5 Needs of Money (Income, Liquidity, Death Benefit, Salary, and Growth) accompanied by personal stories and experiences.
Don Anders gets into what he considers to be a large problem in the financial industry -- people selling products instead of giving advice.
Easy Money Podcast: Investment Advisor Representative, Don Anders, explains financial concepts in easy to understand ways using real life stories, examples, and experiences. Our goal is to be the antidote to national talking heads that give blanket advice to the masses.
In the first episode of Easy Money Podcast Don Anders discusses what to expect from the podcast and makes some promises to the listeners.