Your Financial Mission: Recent Episodes
J'Neanne Theus
Weekly investing and financial planning guidance with your Financial Commander J'Neanne Theus in Columbia, MD.
We’re answering some listener questions today as we open the mailbag and cover a few scenarios that require some financial decision making.
Among the topics we’ll get J’Neanne’s thoughts and perspective on include:
- Tax considerations for gifts made to family.
- Getting past overthinking every financial decision that you need to make.
- What to do with money when you realize you’ll have more than you’re going to need in retirement.
This should be an informative episode covering a wide range of financial planning conversations that we have with people all the time. If you have something you’d like to as J’Neanne, drop a comment below.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:25 – Question 1
7:11 – Question 2
10:47 – Question 3
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In today’s show, we’re going to be talking about the Gray New Deal and the need for retirement reform. The idea to create job and pension improvements might be a little surprising to some, but the author of Work, Retire, Repeat: The Uncertainty of Retirement in the New Economy makes some really interesting points.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:47 – Issues we’re facing
7:08 – Policy changes
9:58 – Social programs
12:00 – Taxes
Check out the article we referenced:
https://finance.yahoo.com/news/working-longer-won-t-solve-174400601.html
Connect with us: https://theuswealthadvisors.com/
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In this episode, we’ll talk about how women can gain more confidence with their finances. As more women take a proactive approach to money, we want to help them feel comfortable about what they’re doing. We’ll also talk about debt as well as solutions to help women be better prepared for retirement.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:10 – Debt
7:38 – Lack of financial confidence
Connect with us: https://theuswealthadvisors.com/
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In this episode, we’ll share some eye-opening statistics and actionable advice to empower women in their financial journey and we’ll do it as a two-part conversation. This first show will focus on the challenges facing women as it relates to the pay gap. Plus, what can you do if you get divorced or become widowed and find yourself having to manage all the finances on your own?
Here’s some of what we discuss in this episode:
0:00 – Intro
2:46 – Gender pay gap
6:56 – Divorce
12:11 – Widows
Connect with us: https://theuswealthadvisors.com/
Get your free toolkit: https://u3ehfk92.pages.infusionsoft.net/
Schedule your analysis: https://theuswealthadvisors.com/schedule/
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We’ve been getting questions lately from people with a lot of money sitting on the sidelines. They’re waiting to jump back in the stock market when they feel comfortable but timing the market is incredibly difficult. Today J’Neanne will break down why this is the case and explain what you should be doing from an individual standpoint if you have substantial cash on the sideline.
Here’s some of what we discuss in this episode:
0:00 – Intro
0:51 – What’s behind this trend
3:13 – Risk tolerance
4:16 – What should you do with cash?
Connect with us: https://theuswealthadvisors.com/
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Schedule your analysis: https://theuswealthadvisors.com/schedule/
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On this episode, we’ll try to separate sensationalism from reality by covering the top financial concerns that people have. Should you worry that these apocalyptic predictions will eventually come true? Let’s talk about why or why not these fears are warranted.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:03 – Social Security will go broke
4:28 – Future tax rates
7:07 – Climate change
9:01 – Inflation
10:16 – High interest rates
11:33 – Making good financial decisions
Connect with us: https://theuswealthadvisors.com/
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Schedule your analysis: https://theuswealthadvisors.com/schedule/
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Navigating the world of long-term care insurance can be daunting, especially if you're single and without children. In today’s video, we’ll explore why long-term care insurance might be a crucial part of your retirement planning.
We'll explore what it covers, when to consider buying it, and how it fits into your solo journey toward a secure and independent future. So let’s jump in and answer the question of whether you need long-term care insurance if you are single and childless.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:00 – What does LTC cover?
2:54 – Who will care for you?
4:58 – Buying LTC insurance
9:52 – Common LTC triggers
Connect with us: https://theuswealthadvisors.com/
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Schedule your analysis: https://theuswealthadvisors.com/schedule/
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In today's show, we're focusing on a critical aspect of retirement planning: healthcare costs. How well-prepared are you to handle medical expenses after you retire? We'll discuss everything from Medicare complexities to strategies for managing unexpected health-related expenses. Tune in as we break down the essentials of healthcare financial planning for retirees.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:53 – How prepared is the average pre-retiree?
6:05 – Most common expenses
9:08 – Prescriptions
14:43 – Long-term care insurance
17:50 – Strategies we utilize
Connect with us: https://theuswealthadvisors.com/
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Schedule your analysis: https://theuswealthadvisors.com/schedule/
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Join us as we unpack our 2023 edition of key year-end planning strategies for those nearing or embracing their retirement years. We'll explore the nuances of optimizing your investment portfolio, safeguarding your assets, and ensuring a stable, rewarding lifestyle in the years to come.
Here’s some of what we discuss in this episode:
0:00 – Intro
2:59 – General planning and investing strategies
5:12 – Tax Planning
8:00 – Health insurance
11:56 – Income and lifestyle
17:13 – Real estate assets
20:08 – Technology and cybersecurity
23:29 – Generational wealth considerations
Connect with us: https://theuswealthadvisors.com/
Get your free toolkit: https://u3ehfk92.pages.infusionsoft.net/
Schedule your analysis: https://theuswealthadvisors.com/schedule/
Want to learn more about financial planning? Subscribe to our YouTube channel and you won't miss a video ➟ https://bit.ly/3XKgOxu
Are we on the brink of a retirement renaissance or stormy seas ahead? On this episode, we jump into the pressing issues of Social Security, healthcare, taxes, stock market trends, and long-term care.
Here’s some of what we discuss in this episode:
0:00 – Intro
2:55 – Half full or half empty?
5:32 – Social Security
10:19 – Healthcare affordability
14:25 – Tax rates the next decade
19:23 – Long-term care options
23:43 – Stock market
Connect with us: https://theuswealthadvisors.com/
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Schedule your analysis: https://theuswealthadvisors.com/schedule/
Retirement is a unique journey for each of us. The thought that there's a one-size-fits-all solution is a myth, but what if we told you there are certain universal truths that can guide every retiree? Today we’re going to tell you about the things that everyone will need to take into account when planning for their retirement. We all might address them in our own personal way, but all of these universal truths need to be factored into retirement.
Plus, we’ll dive into an article we found on artificial intelligence and its role in financial planning. Can it provide you with enough guidance to replace a human financial advisor? We’ll share the results on the show and get J’Neanne’s thoughts on the role AI can play in planning.
We’ll also find out what J’Neanne feels is the most beautiful place she’s ever visited during our getting to know segment, and we’ll close the show out with a great question about how much is okay to spend on a forever home in retirement. There’s a lot to discuss today so let’s get started!
Here’s some of what we discuss in this episode:
0:00 – Intro
2:02 – AI vs Financial Advisor
11:48 – Universal retirement truths
23:10 – Getting to Know J’Neanne – Most beautiful place to visit
26:25 – How much is too much to spend on our forever home?
34:34 – 7 Secrets to a Smart Retirement
Connect with us: https://theuswealthadvisors.com/
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Schedule your analysis: https://theuswealthadvisors.com/schedule/
Ever heard of the domino effect? Well, in retirement planning, just one misstep can topple your entire future. Today, we'll explore the key areas that need careful attention to ensure a solid retirement plan.
We’ve identified five potential financial pitfalls that can lead to additional problems for you in retirement, but J’Neanne will share some tips on how to avoid these common problems.
Here are some of the things you’ll learn in this episode:
0:00 – Intro
1:41 – Possibility of outliving your money
4:34 – The creep of inflation
9:10 – Expense of a nursing home stay
13:46 – Volatility of the stock market
14:50 – Threat of rising taxes
17:08 – Getting to Know J’Neanne
20:01 – Listener question
Connect with us: https://theuswealthadvisors.com/
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Schedule your analysis: https://theuswealthadvisors.com/schedule/
This show is all about understanding the crucial role of income analysis. We'll uncover the secrets of guaranteed income versus the uncertain stuff and shed light on the consequences of retiring without a clear income plan. Don't worry if you're feeling lost - we've got your back with practical solutions and expert guidance.
Plus, we’re going to get J’Neanne’s perspective on the prevalence of scams and how she’s helping her clients navigate them. Then we’ll learn more about J’Neanne away from the office and we’ll close out the show with a few of your financial questions.
Here are some of the things you’ll learn in this episode:
0:00 – Intro
1:34 – Let’s talk types of scams
7:52 – What we tell clients
11:46 – Getting to Know J’Neanne
18:09 – Importance of retirement income
21:46 – Diversity of revenue streams
25:39 – Guaranteed vs non-guaranteed income
33:00 – Mailbag questions
Watch 'What happens when you reply to spam' video -
https://www.youtube.com/watch?v=4o5hSxvN_-s
Connect with us: https://theuswealthadvisors.com/
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Schedule your analysis: https://theuswealthadvisors.com/schedule/
We’re back and busier than ever for our first episode of the newly launched Rockin’ Retirement show. We have a lot to cover in this show with a primary focus on the five big money mistakes that people make in retirement. But we’re also going to address the concern that Social Security is going broke and answer the financial questions you’ve sent us.
Here are some of the things you’ll learn in this episode:
0:00 – Intro
2:31 – Headlines: Is Social Security Going Broke?
9:03 – Money mistake 1: Taking Social Security too early
11:45 – Money mistake 2: Taking Advice from Friends and Family
15:13 – Money mistake 3: Failing to Review and Update Your Plan
18:10 – Money mistake 4: Assuming You Won’t Live That Long
22:08 – Money mistake 5: Sequence of Returns Risk
25:05 – Answering your financial questions
Connect with us: https://theuswealthadvisors.com/
Get your free toolkit: https://u3ehfk92.pages.infusionsoft.net/
Schedule your analysis: https://theuswealthadvisors.com/schedule/
Coming up on this edition of Your Financial Mission, we are talking about SDBAs. We will discuss what they are, their benefits, their cons, and how they are used.
If you’re a doctor or a defense contractor, you have probably seen it inside your plans or portfolio. SDBAs (Self Directed Brokerage Accounts) are essentially a sleeve on the 401k or 403b that allows you to self-direct. Listen to the episode to learn more about how they may benefit you.
Here's some of what you will learn from today's mission:
- How SDBAs can help diversify your risk. (5:42)
- The benefits of using an SDBA vs. a normal brokerage account. (8:21)
- The top struggles with clients that have SDBAs. (11:28)
7 Secrets To A Smart Retirement Plan Toolkit: https://bit.ly/3Njh9SI
Learn More: https://theuswealthadvisors.com/
Connect with us: info@theuswealthadvisors.com
Call our office: (443) 718-6310
There is a lot of noise in the media about bonds currently. Many are wondering if they should stay in bonds, how safe bonds actually are, and what voices they should listen to for advice. Every situation is different, so you should always speak to an advisor.
Today, we will try to address the basics of bonds, and some of the common concerns surrounding them. Let’s dive in and see if bonds may still be worth your while.
Here's some of what you will learn from today's mission:
- Should a retiree be in bonds despite the negative news surrounding them in our current market? (12:25)
- Are bonds safe? How can you diversify your investments and still generate an income? (18:29)
- Why investors need to understand the market’s history. (21:23)
7 Secrets To A Smart Retirement Plan Toolkit: https://bit.ly/3Njh9SI
Learn More: https://theuswealthadvisors.com/
Connect with us: info@theuswealthadvisors.com
Call our office: (443) 718-6310
In this episode, we’re going to share stories with you of times when emotions like fear, greed, and pride led someone astray in their financial decisions. We’ll even cover the role of positive emotions like hope and joy in retirement planning.
If you want to better understand and control your emotions to experience a better financial future, then this is the show for you. Our goal is to give you the tools to navigate these emotions to you can make the right decisions, without being led by emotions.
Here's some of what you will learn from today's mission:
- The longest bull market in history sparked greed in some investors. Greed can get in the way of logic, and you can learn how to navigate that here. (5:47)
- Fear can make you sell at the wrong time, after a market crash. If you are experiencing fear, here are our thoughts on that. (8:55)
- Hope is wonderful, but it is not a financial strategy. (14:01)
- The tragic story fueled by guilt when an advisor lost money for a client. This topic may be sensitive for some listeners. (23:18)
7 Secrets To A Smart Retirement Plan Toolkit: https://bit.ly/3Njh9SI
Learn More: https://theuswealthadvisors.com/
Connect with us: info@theuswealthadvisors.com
Call our office: (443) 718-6310
“Knowing what we know now…” is a phrase you hear a lot, especially lately. If you knew ahead of time, what would you do differently? What can we learn from these financial mistakes? We reflect and talk about the lessons learned on today's episode.
Today's show schedule:
1:46 - Being too scared meant too conservative with investments.
2:50 - Too much risk you didn’t realize until the market crash.
4:04 - Misunderstanding Social Security can cause panic later on.
5:23 - Wishing you put more money in Roth IRAs.
7:01 - Retiring too early and needing to go back to work.
When you work with a financial advisor, you’re likely coming to them for financial advice and expertise. But what about that saying, “the customer is always right”? Is that still true?
Today's show schedule:
1:42 - “I think I can time the market.”
3:19 - “I know what I want to invest in, just pick the funds for me.”
5:04 - “I don’t need to spend the money on life insurance or long-term care.”
6:35 - “The fees are too high!”
8:23 - “My accounts are down right now, this isn’t working.”
You can’t believe everything you hear, right? What statements and concepts in the financial world should you take with a grain of salt? Can you tell what’s marketing and what’s real?
Today's show schedule:
1:29 - “We can beat the market.”
2:57 - “There are no fees!”
4:07 - “There’s no risk!”
5:34 - “Taxes will be lower in retirement.”
7:02 - “Never pay off your house early when interest rates are low.”
10:53 - “It’s just a paper loss.”
We’re living in a unique period of time where uncertainty seems to be the driving force across many sectors. The health crisis has forced us all to make changes to our daily lives and our finances, and that has a lot of people thinking about ways to generate predictable income. Let’s explore this idea by looking at ways this is done but identifying reasons why this might not always benefit you.
Today's show schedule:
0:48 – Who wouldn’t want a little predictability right now?
1:34 – What retirement income sources appear predictable but might not be?
4:48 – Is there really such a thing as guaranteed income in retirement?
6:23 – J’Neanne shares examples of people who have faced income issues.
8:27 – What do you do if inflation decreases the value of your predictable income?
9:38 - Life events can throw off your plan if don’t prepare correctly.
We’re all doing our best to take the social distancing guidelines to heart by changing the way we’re living right now, but let’s take a break from the seriousness of it all with a lighter discussion on separation. What would that look like if social distancing was applied to your financial planning?
Today's rundown:
0:40 – Some background on our topic today.
2:31 – First one: Your emergency fund and the stock market
5:38 – Second one: Life insurance and our investments.
7:42 – Third one: High turnover investment strategies and after-tax brokerage accounts
10:10 – Final one: Your emotions and your investment decisions.
We closed out the month of March with an unprecedented month in the stock market as the coronavirus caused fear and uncertainty throughout the country. To get a little perspective on what we’re witnessing, let’s take a look back through history at the worst market crashes of all-time.
Today's rundown:
1:06 – Black Tuesday in 1929.
2:24 – J’Neanne shares her personal experience of getting hammered by the market during the Dot Com bubble.
3:30 – Panicking in these situations can make things worse.
3:47 – Post 9/11 historical single day decline
4:27 – The Crash of 2008
8:16 – We have clients that don’t care how it works. They just want to know that it will work.
8:36 – A lot of people will try to outpace the market and that’s a critical mistake.
Retirement come in many different forms and we all create our own vision of the day we make that exciting transition. Maybe you’re someone that plans to work as long as you can or you the person that’s ready to retire as soon as possible. We all have a different level of desire when it comes to retirement, and today we’ll span the spectrum with J’Neanne Theus.
Today's show rundown:
0:47 – Here’s what our topic is all about. Let’s determine what each of these statements mean.
1:26 – Level 1: ‘I don’t see myself retiring because I love what I do.’
3:27 – Level 2: ‘I guess I could retire but I don’t hate working so I might as well keep doing it.’
6:10 – Level 3: ‘I would like to retire in a few years, but I really have no idea when I can.’
8:04 – Level 4: ‘I always pictured myself working a few more years but retirement is starting to look better and better.’
11:39 – A lot of people have early buyouts that play into level 4.
13:15 – Level 5: ‘I want to retire tomorrow. If I don’t quit this job right now I’ll have to be put into an asylum.’
Many different types of bias can play a role in the decisions an investor makes and most of the time it results in a negative outcome. Let’s highlight six of the biases that we see clients use for their financial decisions and explain how they affect your portfolio.
Today's show rundown:
1:03 – A recent study looked at the ways financial bias impacted investors decisions.
1:37 – Confirmation bias is one we see a lot.
3:13 – Loss-aversion bias is a really big one because we feel the negative
5:28 – We feel losses much more than the gains.
6:36 – Disposition Effect Bias, what does this mean to investing?
7:35 – J’Neanne shares an example of how this impacted a client.
9:12 – Hindsight bias makes you feel like you an event was predictable.
10:13 – Familiarity bias led a lot of people to be hit hard in 2008.
11:55 – Let’s explain self-attribution bias.
A lot of people like to think they’re making decisions based on logic and facts, but the truth is emotions typically play a role in our decision-making process. As you can imagine, we have many strong feelings when it comes to our money and that can become a problem for your retirement plan.
Today's rundown:
0:56 – Let’s talk about emotional decision-making.
1:30 – Which emotions are likely to drive financial decisions?
3:02 – Fear also keeps people from getting back into the market.
4:47 – Greed is another driving factor, especially when things are going well.
5:32 – Quit letting those emotions control your decisions when it comes to finances.
6:05 – Both genders react differently at times but we all have confirmation bias and pay attention to the info that supports our opinions.
7:06 – We can’t completely shut off emotions so when is it okay to let them push us in a certain direction?
8:07 – Aversion bias is another thing we deal with.
9:01 – J’Neanne shares an example of a time she was able to make the math match the emotions for a client.
Most of us have very little experience with inheritances. Would you even what steps to take after receiving money or property? Today we’ll identify the mistakes people make when preparing an estate plan, what you should do if you receive an inheritance, and talk about other things you should consider.
Today's rundown:
0:52 – We want to spend some time on inheritance today.
1:20 – Most of us don’t have any experience to draw on when it comes to handling inheritances.
2:22 – The first issue many people worry about is taxes. What do we need to know on that front?
5:06 – How much has the SECURE Act changed the way people are planning?
6:52 – What are some common mistakes people make with their estates that make it more difficult for their beneficiaries?8:27 – J’Neanne shares a story of someone who died before changing beneficiaries.
9:20 – What about the common mistakes people make after receiving an inheritance?
12:42 – What are the first steps someone can take when receiving an inheritance?
13:45 – Americans don’t often think about multi-generational planning but a proper advisor can help you with that long-term planning.
16:30 – Here’s the bottomline on what you need to do now.
The focus of our podcast has shifted and today we’re going to tell you why by giving you the background behind the decision, why we feel this new objective is so important, and the goals for the show. Plus, we’ll learn more about J’Neanne’s career and how she got into this career after her time in the military.
Show Agenda:
1:30 – Welcome to the new show!
2:30 – Why did the show name change and what’s the meaning behind the new name?
3:10 – J’Neanne’s grandparents had a big influence on her.
4:42 – Our business and show not just about investing but every decision that goes into retirement planning.
6:54 – Who is the ideal listener for this show? Is it just women?8:29 – Women aren’t prepared well enough for retirement and that’s what we want to focus on.
10:49 – We will also talk about how you can be more of a partner in a relationship.
11:42 – Along the lines of relationships, women can end up in a difficult situation following divorce or death of a spouse.
13:45 – How did J’Neanne get into the financial planning business?
17:28 – A lot of J’Neanne’s family has military and service experience.
19:17 – What do you like most about being in this business?
20:29 – What does a typical weekend look like for J’Neanne?
We all want to stay informed when it comes to investing but it’s more important to make sure the research you’re doing isn’t actually misleading us. Unfortunately, some of the information out there isn’t completely unbiased. Let’s talk about some of the problems with the financial media. Plus, we have a big announcement!
Show notes and additional resources: https://theuswealthadvisors.com/2020/01/helping-you-find-bias-in-financial-media/
Today's rundown:
0:56 – We have some news! This is the final mission.
2:51 – Today we’re talking bias in financial media.
3:29 – First bias: Sensationalism
6:06 – Second bias: Paid Placement
9:17 – A common way paid placement happens on radio to build credibility for advisors.
11:03 – Third bias: Wrong Audience
14:08 – Fourth bias: An Axe to Grind
16:40 – What does J’Neanne tell her clients about dealing with these biases?
Not everyone chooses to leave a financial legacy, but if you’re someone who would, then estate planning is crucial. Make it a part of the conversation when you’re working on retirement, but make sure you avoid these critical mistakes.
Show notes and additional resources: https://theuswealthadvisors.com/2020/01/estate-planning-mistakes-you-need-to-avoid/
Today's rundown:
0:56 – Happy New Year! How were the holidays?
4:08 – It’s a great time to start talking about your estate plan.
4:59 – How many of J’Neanne’s clients have an interest in leaving an estate?
6:39 – No matter what your plans are, you need to have a plan for your exit.
9:41 – First estate planning mistake: Failing to plan for expenses that can be foreseen, like healthcare. 12:14 – Second mistake: Failing to update beneficiary designations.
13:26 – J’Neanne shares a story of someone that didn’t finish updating his beneficiaries.
15:20 – Third mistake: Failing to take steps to avoid conflict between family and heirs.
17:55 – Fourth mistake: Transferring real estate while living rather than upon death.
20:35 – Final Mistake: Failing to consider the tax obligations of your estate.
23:10 – How often are you discussing estate planning with clients?
27:00 – Remember that your legacy doesn’t always have to be monetary.
Mutual funds have long been a popular investment option for people saving for retirement, but is the landscape changing? We’ll take a deep look into mutual funds, explain some key terminology, and discuss whether it’s a good option or not.
Show Notes and Additional Resources: https://theuswealthadvisors.com/2019/12/the-ins-and-outs-of-mutual-funds/
Today's Rundown:
0:56 – It’s the final show of 2019.
2:07 – How many of your clients owned mutual funds when they first came to see you?
4:06 – How many of those clients actually understand those mutual funds?
5:08 – What is an expense ratio and why is it important?
9:21 – What about the term ‘loaded’? What does that mean?
12:36 – Are there tax issues to consider when investing in mutual funds?
15:19 – Do you use or recommend mutual funds? Where do they fit into your planning?
18:00 – Do people selling mutual funds adhere to the fiduciary standard?
19:46 – It’s important to remember that owning mutual funds doesn’t necessarily mean your diversified.
There are so many parts of your financial life that are out of your control, so why would you sabotage your retirement by failing to handle the things that are within your control? Many people do this but you don’t need to be one of them. Let’s discuss some ways people sabotage their own financial health.
Show Notes: https://theuswealthadvisors.com/2019/12/ways-that-we-sabotage-our-retirement/
On This Episode:
1:20 – Previewing the show today.
2:27 – In the News: The Social Security Administration announced a 1.6% cost of living adjustment that will be added to the 2020 monthly benefits.
4:59 – Did you see this? A British man spent $30,000 in legal fees and court costs fighting a $100 speeding ticket. And he lost the case…
7:12 – Let’s talk about what we can do to avoid sabotaging our own retirement.
7:40 – Obsessing over the short term ups and downs. 10:28 – Starting Social Security at the wrong time.
11:47 – Pretending like the risk of nursing home stay is so far in the future that you don’t need to worry about it right now.
13:47 – Assuming just because you like your job now means you’ll enjoy it forever.
15:38 – Not identifying how much you need to spend for the rest of your life to enjoy the lifestyle you want.
Are you ready to start taking Social Security benefits? Do you feel knowledgeable on what strategies to put in place to make the most of it or are you falling for some of these common misconceptions when it comes to Social Security?
Show Notes: https://theuswealthadvisors.com/2019/11/top-5-misunderstandings-about-social-security/
On This Episode:
2:50 - In the News: When looking at the presidential candidates for 2020, how might they impact the market?
7:24 - Did you see this: Couple arrested for spending $120,000 accidentally added to their bank account.
11:44 - Misunderstanding #1: Social Security is going broke.
14:29 - Misunderstanding #2: You should start Social Security as soon as possible.
15:40 - Misunderstanding #3: Delaying Social Security as long as possible is usually best.
16:57 - Misunderstanding #4: The Social Security Administration can help you choose the best strategy.
17:59 - Misunderstanding #5: You don’t have to pay taxes on Social Security.
Financial planning is more than just spreadsheets and dollar signs. It includes a lot of tough decisions and emotions that need to be communicated to your loved ones and advisor. Are you avoiding these awkward conversations when it comes to your finances?
Show Notes: https://theuswealthadvisors.com/2019/11/are-you-having-awkward-financial-conversations/
Today's Rundown:
3:37 - In the News: Elizabeth Warren proposes $20.5 trillion health care plan.
12:59 - Sometimes planning your finances includes awkward conversations.
13:26 - What happens after the death of the first spouse?
15:30 - What happens if nursing home care is needed?
18:57 - Do you need to work longer than planned?
20:17 - Do your children understand your estate and legacy plan?
22:32 - How do you separate from an advisor that is nice but not a good fit?
26:53 - Getting to Know J’Neanne: What presentation could she give right now?
29:00 - Mailbag: The roller coaster of the market drives me crazy. Does that mean I should get out of the market and invest in a different way?
We know another downturn in the market is inevitable, but how long will it be until the next ‘crash’ happens? Will it hit us as hard as 2008? We’ll ask J’Neanne to give us her thoughts on the subject and what we can do as investors to prepare ourselves for that day.
On this episode:
4:28 – What’s to come on today’s show.
5:25 – In the news: At what point will the 2020 election begin to impact the way investors behave?
10:17 – Introducing a new topic on the show, ‘Did You See This.’ In this first installment, we discuss a marriage dispute that includes the husband hacks into his wife’s bank account from space.
14:04 – Let’s begin our conversation on market crashes.
14:46 – What is J’Neanne telling clients about when it might happen?
16:57 – Will the next crash be as severe as 2008?
18:22 – Even just a smaller correction can have an impact on someone retiring soon.
19:22 – The moves might seem larger but we’re in a higher place than 2008.
20:48 – Why don’t we just go to cash if we’re worried about a market crash?
24:07 – The key point people need to remember is the market isn’t static so there will be another upward turn after the drop.
26:58 – Mailbag question: It seems counterintuitive to move out of a house I paid off ten years ago but I’m about to retire and might move into a rental so I don’t have to worry about repairs and expenses. What do you think?
Show notes and additional resources: https://theuswealthadvisors.com/2019/10/what-will-the-next-market-crash-look-like/
Whether you’ve been working on your retirement plan for years or just beginning to get around to it, your focus needs to increase as you approach the end of your working career. That final decade before retirement gives you the chance to get everything in order so you aren’t left scrambling. Today we’ll run through a list of items that you need to be paying attention to.
Today's rundown:
2:25 – Previewing today’s show.
3:13 – In the news: A new trend in the wedding industry: wedding loans. What are J’Neanne’s thoughts.
7:40 – What J’Neanne told her daughter about spending when she got married.
11:30 – Moving into the main topic of what you should pay attention to during your final decade of work.
12:00 – First item: Decide what’s important to you.
13:50 – Item 2: Know your numbers.
14:43 – Next item: Estimate your income streams.
16:40 – Item 4: Get a handle on healthcare.
18:45 – Final item: Think about how much your needs will change.
21:23 – When is the best time to go in and meet with an advisor to start running through these things?
23:55 – Getting to know J’Neanne: What is the most universally well-known movie that you’ve never seen.
26:49 – Storytime: Have you ever had someone take so long on a decision related to their investments that it ended up hurting them in the end?
29:11 – Mailbag question: I’m getting close to retirement but I’m worried about a market crash coming before I get to the finish line. Will I be okay for the next six months?
Get the full show notes and additional resources by clicking here: https://theuswealthadvisors.com/2019/10/preparing-for-retirement-during-your-final-decade-of-work/
In this series, we’ll look at some of the most widely believed financial myths and try to bust them wide open. There are many people that base their decisions on these myths and that’s scary. We want to make sure you aren’t making any mistakes based on misinformation.
Today's rundown:
2:14 – Introducing the topics for today’s show.
2:37 – In the news: Democratic presidential nominees proposing plans to forgive student loan debt. J’Neanne gives us her opinion and shares a solution she thinks could work.
9:11 – Time to continue the financial myth-busting series.
9:31 – Recapping the myths we covered in part 1.
9:50 – Myth: You’ll probably be in a lower tax bracket when you retire.
11:49 – Myth: Financial planning is much easier without an advisor now because of all the technology available.
13:39 – J’Neanne shares a great example of why you need someone that can provide context.
14:42 – Myth: Longterm care is not going to happen to me.
18:42 – Getting to know J’Neanne: If you didn’t have to sleep, what would you do with all that spare time?
20:35 – Mailbag question: I’ve seen a lot of growth in my 401k recently and I feel like I should take risk off the table by capturing these gains. But what happens if the market keeps rolling for a couple more years?
Check out the full show notes and get additional information by clicking here.
In this series, we’ll look at some of the most widely believed financial myths and try to bust them wide open. There are many people that base their decisions on these myths and that’s scary. We want to make sure you aren’t making any mistakes based on misinformation.
Click here to see the full show notes.
Today's rundown:
2:03 – What’s in store on today’s episode.
2:39 – Quote of the month: “I made money the old fashioned way, I very was nice to a wealthy relative right before he died.”
4:20 – In the news headline: Uber Eats running a test program where they will use drone delivery.
9:53 – Time to start the financial myth-busting series.
10:44 – Myth 1: Shifting from stocks to bonds removes the volatility from your portfolio.
13:48 – Myth 2: Once you’re retired, life insurance is no longer necessary.
16:35 – Myth 3: You will need less income once you retire.
20:25 – Getting to know J’Neanne: Who is someone that always makes you laugh?
20:07 – Mailbag question: What kind of annual return should I be seeking on investments in retirement?
Even if we stay on top of our retirement planning, there are life events that shake up everything we’ve done or force us to rethink our path. In this episode, we identify some of those events that create a sense of urgency within us and discuss how to be best prepared if they happen to you.
Check out the full show notes for this episode here. ----more----
Today's rundown:
4:54 – Loss of a job creates urgency. J’Neanne shares a client story.
6:50 – Receiving an early retirement buyout offer.
8:31 – You should always be looking for opportunities even if you’re comfortable.
9:00 – When your retirement date is closing in on you.
11:10 – Why it’s difficult to plan for retirement over a short period of time.
12:25 – The death of a spouse.
14:09 – A market crash will get someone to react quickly.
19:26 – How can you plan for these things that aren’t expected?
18:56 – How to use these concerns to adjust your retirement plans.
Nearly all of us have the same end game in mind, which is to make it to retirement and enjoy our lives in whatever way we choose. But how much we need in retirement varies from person to person. We all have our own definition of financial security, and today we’ll talk about some of those meanings.
If you'd like to see the show notes, click here. ----more----
Take a look at today's rundown below:
0:54 – J’Neanne is back from a family vacation.
5:40 – Introducing why financial security is today’s topic.
6:14 – Explaining what’s mean by ‘I don’t want to be a burden on my kids.’
8:52 – Why you should discuss this with your children.
10:50 – J’Neanne shares her personal experience having the conversation with her mom.
13:17 – After retiring, some people want to stay active with work or a hobby.
14:55 – For some people, cash flow is the driving concern behind financial security.
16:58 – People that want to stop watching the volatility of their accounts.
18:56 – How to use these concerns to adjust your retirement plans.
Whether in retirement or behind the wheel, it’s good to have a plan and a pulse on what is happening around you. Knowing the rules, the technology, and your motivation all plays a part in the route you take with your retirement planning. In this episode, J’Neanne covers a few different topics happening in the news, such as self-driving cars. Then, she answers three questions from the mailbag, including one from someone with a lack of drive to leave a legacy.
See the show notes and read more here. ----more----
Check out the full rundown for this episode:
3:32 – In the News: Ford plans to have 100 self-driving cars by this year.
8:31 – Regardless of new technology, financial advisors are still important.
13:05 – In the News: Congress is working on a bill to raise RMD age.
15:57 – Mailbag: Estate planning without plans to leave a legacy.
19:38 – Mailbag: Are all long-term care policies expensive?
22:35 – Mailbag: Having a hard time spending money in retirement, is something wrong?
There are plenty of proverbs that aren’t meant to be about money, but we can easily learn a financial lesson from them anyway. We’ll show you the hidden money meanings behind some of these popular sayings and answer a question from the mailbag about changing annuities.
Full show notes: https://theuswealthadvisors.com/2019/07/what-popular-proverbs-teach-us-about-money/
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Strategy Points:
In The News 1:51 Investing in IPOs * Several tech companies have gone public (or they will be) including Uber, Peloton, Pinterest, and Zoom. Do you recommend people invest in IPOs? * J’Neanne says generally no because there are a lot of unknowns. If you look at Facebook and Amazon, they are not really profitable, but they have high revenue. * Unless you are working in the company and have company stock, you are gambling and speculating and that’s not usually the prudent choice to make with your retirement dollars.
Financial Proverbs 8:00 “A bird in the hand is worth two in the bush.” * The idea of this proverb is that sometimes it’s best to focus on what you already have instead of worrying about trying to get more. * And at some point in your financial life, you should be more focused on not losing your savings instead of trying to maximize the return on your investments. You cannot maximize a return without taking risk. Are you taking risks without compensating?
10:06 “A rising tide lifts all boats.” * Everyone is a genius if the market is going up and you’re invested in the market. But the reverse is also true.
11:47 “Don’t put all your eggs in one basket.” * We saw what happened in 2008 -- most people got burned when they were all in one side of the market. This is why it’s so important to diversify in the financial world. * A lot of people still make the mistake of putting too much stock in a company for which you’re also working. J’Neanne shares a story of someone who worked at Fannie Mae and put thousands into company stock.
15:23 “One man’s trash, another man’s treasure.” * People passing around stock tips is a great example of this. Remember that your situation is unique, and your expectations are different from everyone else. * Just because someone is recommending something to you doesn’t necessarily mean it’s going to be a good fit and a successful venture. * For example, if you have a pension, you may not need an annuity. Whereas for someone else, an annuity might make sense.
Mailbag 21:22 Martin: Changing annuities * Martin says he has money in an annuity but isn’t very happy with it and wants to move it to a different annuity. Will there be a big penalty to take the money out of the current one to move it? * This is called the surrender charge and every annuity has one depending on how it is set up. An annuity company is an insurance company and people will buy the annuity for the guarantee, so it’s important to know what you bought. * Because of the guarantees, the money is expected to stay there for a while. * If you are not happy, it’s important to figure out why. There are advisors who use annuities as part of the planning process and then there are just annuity salespeople. So, if you move to a new product you need to make sure you don’t move to the same thing. Remember, there needs to be a motivating reason to move from one annuity to another. * J’Neanne’s office has an annuity analyzer to help people understand how it works and provide options. Annuities, when appropriate, need to be part of an overall plan. They shouldn’t be implemented as one-time purchases disconnected from a big-picture plan.
The term “fake news” has become synonymous with the political climate of the past few years. But the phenomenon has spread to other parts of our culture as well. What about fake news in the financial space? We’ll look at some recent news headlines to see if they qualify to be labeled as “fake news”.
Full show notes: https://theuswealthadvisors.com/2019/06/how-fake-news-impacts-your-financial-choices
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Strategy Points:
2:00 In the News: Brexit
- Will Brexit impact our economy in the U.S.?
- J’Neanne shares a few reasons why people are in favor of Brexit.
- You might get a spike up or down in the market, but the decisions will pan out and likely not affect the U.S. economy significantly.
7:15 What is fake news? * It’s easy to use hyperbolic language to create a sense of fear. * The news makes you move, one way or another.
8:40 “Social Security going broke!”
- Somewhat true in that it will be insolvent by 2035. Congress will have to find a way to continue benefits.
- With more people taking Social Security distributions, it is draining the fund more than ever before.
- But when you build up an economy where people are paying taxes, that’ll help replenish the Social Security fund.
10:31 “Buy gold now!”
- The news claims the dollar will crash and gold will rise in value.
- You should ask, how does the rate of gold get established?
- Right now, our dollar is stronger than ever with a stable government and economy compared to the rest of the world.
12:58 “Nursing home costs poised to bankrupt millions of Americans”
- Nursing home costs are indeed going up.
- As a culture we have begun outsourcing care and there isn’t a huge supply.
- It won’t bankrupt people, but you will spend down assets faster.
- If you don’t have the money, then you will be in a Medicaid home.
16:05 “Market crash--coming soon!”
- How do you define soon?
- Market crashes can happen from a number of things, but it’s hard to actually predict a market crash.
- Even weather can impact the market, be it flooding or hurricanes or tornadoes.
19:24 Additional fake news headlines
- Be careful about what is being sold.
- Maryland just suffered its largest ponzi scheme.
- You need to see documentation to not get sucked into a scam.
- You have to be careful on the sites that you frequent, there is a lot of clickbait and also sponsored posts with hidden agendas.
23:15 Getting To Know You: Big trouble * J’Neanne had some fun as a teenager when she lived on base but got pretty scared when she got caught riding a Suzuki 90 without a license.
26:33 Mailbag: Buying a new car * Bradley says his wife just totaled their car. They would need about $30,000 to get a new one, but they only keep $1,000 in the bank. Should they get the money from their IRA and pay taxes? Or use after tax money and pay capital gains? * First, who was at fault? Insurance should cover some of it. * You can get a car loan if you have to get a car right away. * Try to buy a new-used car and then pay the loan down with the insurance money. It’s a bad idea to go into the IRA unless it’s a real emergency.
The Spy Kit:
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More Intel:
The host: J'Neanne Theus - Contact - Call: (443) 718-6310
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Today's Mission:
Indecision can be just as dangerous as making the wrong decision. That’s why sometimes you have to decide when to fish or when to cut bait. J’Neanne will walk us through five holdups that might stall your financial decisions. We also answer a listener question about rental properties.
View the full show notes here: https://theuswealthadvisors.com/2019/06/5-holdups-stalling-your-financial-decisions
Strategy Points:
6:16 Too Many Decisions to Make * If you don’t feel comfortable with what you are trying to do, you need to sit down with a professional to discuss retirement planning. * There are a lot of different philosophies on how to build your retirement strategy. * Instead of “right” decisions, there are often better and more economical decisions. * The laws change, the opportunities change, your life changes. You have to have some flexibility.
10:00 Too Much Research * Becoming overly educated on so many different decisions can cause you to feel overwhelmed. * Doing too much research is like counting the blades of grass in your yard. * Don’t get caught up on the minutiae, think about the bigger picture. Always keep the end goals in mind.
13:34 General Confusion * Math is not money, and money is not math. * You are probably pretty smart and good at what you do, but can you experience the same success in retirement planning when that’s not your specialty and your life’s work? * Look at tax consultants as an example. The rules changes every year, so even they get confused if they’re not staying abreast of the most recent changes.
15:13 You Don’t Like Talking About Money * Perhaps you have a past perception that money is a dirty topic. * Realize it now, you can’t get around talking about money. * The decisions about money are just as important as the money itself.
16:45 Traumatic Life Events Can Stall Decisions * Divorces, illnesses and death can be devastating events that might leave you unable to make proper decisions about your own or a loved one’s money. * You might be vulnerable following these times, so don’t do anything drastic for at least a year. * You need to recover emotionally before you can make these major decisions.
22:18 Getting to Know You: Movies * What movie can you watch multiple times and enjoy it every time? * Good storylines, casting, and cinematography influence J’Neanne’s favorites.
31:34 Mailbag: Inheriting Rental Property * Harriet says her aunt died recently, leaving her to inherit a rental property unexpectedly. What should she do? * Realize your aunt wanted you to have it for your opportunity, you don’t have to keep it. * Do you want to be a homeowner and deal with the responsibilities of a landlord? * If not, you either hire someone as a property manager or sell the property.
The Spy Kit:
Click the image to get a free retirement rescue toolkit.
More Intel:
The host: J'Neanne Theus - Contact - Call: (443) 718-6310
Subscribe To The "Your Financial Mission" Podcast:
- Apple Podcasts
- Google Podcasts
- Google Play
- Stitcher
What do Kohl’s, Disney, and McDonald’s have in common? They're all making headlines as they roll out new business plans. J’Neanne talks about how their plans could affect you as an investor. Then, love is in the air with today’s question from the mailbag...but is debt hovering as well?
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2019/05/in-the-news-business-plans-and-a-bride-to-be/
There’s a buzzword in the financial world called “safe money”, but it has many definitions . Everyone wants their money to be safe to a certain extent, but you need to balance risk and safety in your portfolio. Theres also a lot of misinformation out there, so J’Neanne shares everything you need to know about safe money.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2019/05/what-is-safe-money/
Are you wondering if it’s “safe” to retire? What kind of factors should you consider beforehand? In looking at your lifestyle and preparing you for some of the unknowns, J’Neanne gives some pointers on how to know when you’re ready to retire. She then talks tax reform as we put Tax Day 2019 behind us.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2019/04/when-is-it-safe-to-retire/
Today we’re tackling five financial pain points you will likely face--if not now, then in the future. Do you know how you plan to address these in your life? Then, we’ll talk about J’Neanne’s thoughts on taxing the rich and saving for college.
Visit https://theuswealthadvisors.com/2019/04/5-common-pain-points-in-your-financial-life/ for the full blog post, show notes and links to resources related to this episode.
Everyone has a junk drawer somewhere full of odds and ends. We’ll talk about the six financial things you probably have sitting in a drawer somewhere as well and what you need to do to dust them off and make sure they're put to use. Then, J’Neanne talks about student loans and the ripple effect they have in the financial world.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2019/03/6-things-wasting-away-in-your-financial-junk-drawer/
On this all-mailbag edition of the podcast, learn how your Social Security will be taxed. We'll also explore how cash settlements and inheritances could change your retirement.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2019/03/understanding-your-social-security-taxation/
We have more information at our fingertips than ever before. However, too much information can hinder our financial decision-making abilities. J'Neanne explains.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2019/02/episode-61-when-too-much-information-is-too-much/
If you've overcomplicated your retirement plan, then you need to hear this podcast. Discover the dangers of unnecessarily complicating your finances.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2019/02/episode-60-unnecessarily-overcomplicated-planning/
When it comes to making financial decisions, your choices aren't always black and white. In fact, there's usually a lot of gray area. J'Neanne explains.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2019/01/episode-59-50-shades-of-gray-area/
Risk tolerance is a buzzword you've probably heard, but it's important to understand what it means to you. Discover your level of risk tolerance.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2019/01/episode-58-risk-tolerance/
J'Neanne tells us about a time she met with someone who had strong but wrong beliefs on a particular topic in the financial realm.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2018/12/episode-57-strong-beliefs-weak-foundations/
Most people think their advisors pick investments, but that's only a small part of the job. In reality, financial advising is problem solving.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2018/12/episode-56-problem-solving-advising/
We explore a Wall Street Journal article connecting the dots between steak dinners and annuity sales. J'Neanne explains and offers a different strategy.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2018/11/episode-55-steak-dinners-fiduciaries/
Hidden expenses are lurking in your retirement plan even if you can't see them. Join us as we uncover five important areas where you'll find hidden costs.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2018/11/episode-54-hidden-expenses/
Strategize the best use for your qualified retirement accounts as we take your questions on IRAs and 401(k)s. Learn about rollovers and IRA consolidation.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2018/10/episode-53-iras-401ks/
J'Neanne helps us unpack recent headlines on gold, unemployment, and the national debt. We'll learn whether the news will affect your finances.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2018/10/episode-52-recent-financial-headlines/
An interesting Forbes article recently examined the debate about how old is too old to get a new job these days. We'll break down that idea and discuss how the work landscape changes as you age. We'll also answer a question from Jack about trying to sell his home and rent for a few years before moving to the beach. Is it a wise strategy?
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2018/09/forbes-article-examines-age-debate/
Jargon can get confusing. We'll explore some tricky financial terms you should know, and we'll help you to better understand them.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2018/09/episode-50-important-financial-terms/
Fuzzy financial math preys upon investors (and quite frankly, advisors) when it comes to retirement planning. Find out whether you're a victim.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2018/08/episode-49-fuzzy-financial-math/
A successful retirement takes well-developed goals, determination, and a trusted advisor. Do you have what it takes? Learn what generates success.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: https://theuswealthadvisors.com/2018/08/episode-48-successful-retirement/
Estate planning mistakes can come back to haunt your surviving family. J'Neanne will cover some of these mistakes and teach you how to avoid them.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: http://theuswealthadvisors.com/2018/07/episode-47-estate-planning-mistakes/
Statistics can sometimes make your head spin. But sometimes they give us some helpful insight into how others approach financial and retirement planning. Let’s look at some intriguing demographics and see what they tell us about retirement these days.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to:http://theuswealthadvisors.com/2018/07/episode-46-financial-demographics/
In retirement planning, there are many things that are completely out of your control. Fortunately, the things that you can control allow you to deal with those things you can’t. J'Neanne will also address recent concerns from Alan Greenspan that the U.S. economy is out of whack, as well as answer Samantha's question about how a financial advisor can help after the death of a spouse.
For J'Neanne's Retirement Rescue Toolkit, go to: http://theuswealthadvisors.com/shock/
To read more on J'Neanne's blog, go to: http://theuswealthadvisors.com/2018/06/episode-45-things-you-cant-control/
It’s probably common sense when you think about human nature, but some of the riskiest investments are also the most popular. At least the risky ones generate a lot of interest, even if most folks don’t end up actually making an investment. Let’s look at some of these popular and risky investments.
Click here for J'Neanne's Retirement Rescue Toolkit.
We often talk about the importance of not leaving a 401k with your old company after you no longer work there. Let’s explore some of the benefits of a 401k rollover, why you might want to move it to an IRA, what the tax implications are and some of the other essential things to consider. We'll also answer Roger's question about handling recent losses in his IRA. And did you know that some students are using their financial aid to invest in Bitcoin? Yikes. We'll see if J'Neanne's head explodes when we address that recent headline on this edition of Your Financial Mission.
Click here for J'Neanne's Retirement Rescue Toolkit.
Sure, you can find a billion answers to your financial questions. But, you can also find a billion answers to your financial questions. See what we did there? The internet’s strength is also its weakness in that it can overwhelm you with choices and opinions. We'll talk about that issue on this week's podcast, plus answer Kent's question about whether he should throw is buddy into the pool at the next neighborhood barbeque because of some questionable financial advice he received. And in this crazy world we're in right now of privacy and data issues, we'll ask J'Neanne how she keeps her clients' info safe and what else you can do to keep your information protected in your everyday life.
Click here for J'Neanne's Retirement Rescue Toolkit.
No matter how old your kids get, there’s a good chance they’ll still play some sort of role in your financial plan. Let’s talk about some of the common scenarios we see where children somehow come into play during the retirement planning process.
Click here for J'Neanne's Retirement Rescue Toolkit.
They say these days that there’s a holiday of every day of the year. It’s kind of true. In fact, the month of April, for example, is home to Bowel Cancer Awareness Month, Fresh Florida Tomato Month, Fresh Celery Month, Multiple Birth Awareness Month and National Soft Pretzel Month (sorry hard pretzels, you guys have to wait until the overall National Pretzel Month in October). What does all this have to with finances? Well, April is also National Distracted Driving Awareness Month, which gave us the idea to discuss some of things that distract us financially. And since every single other thing in existence gets a holiday, we’ll make up our own to discuss on this week’s podcast. It’s National Distracted Investor Awareness Month. We’ll reveal the distractions that often peel our attention away from being good investors and savers and give you tips on how to stay on track.
Click here for J'Neanne's Retirement Rescue Toolkit.
If you’re married, then this will come as no surprise. It takes two to complete a successful retirement plan. On this podcast, we’ll look at how husbands and wives have different financial goals and how that creates conflict. We’ll, of course, also explore how to resolve that conflict to establish a solid financial plan.
Click here for J'Neanne's Retirement Toolkit
There have been a lot of interesting headlines in the news lately. On this podcast, we’ll cover recent stories about the labor market and how it seems most people who want to work are actually working. Is that a good sign for the overall economy? Home prices are skyrocketing across the country. Are we just setting ourselves up for another crash like we saw last decade?
Using the 2018 Winter Olympic Games as inspiration, let’s turn our attention to the not-quite-as-popular Financial Olympics (coming soon to an obscure cable channel near you). If you have a great financial coach, you’ll probably do very well at these events. Let’s see how that advisor will prep you for the games.
In the past year, several economists have talked about the impact of increased automation in the labor market, or to put it more plainly, robots taking jobs away from people. We'll find out about J'Neanne's take on this trend and how real the threat is of people losing their jobs to robots in the future.
Answering your questions from the mailbag about selling rental property, planning for a couple when there's an age gap, and conservative investing. Also, what should you do if one spouse has a ton saved for retirement, but the other spouse doesn't? We'll answer that question and more on this week's "Your Financial Mission".
The Fed decided to raise interest rates slightly in December. Let's discuss what it might mean for you.
It seems like there’s a new company every week getting involved in the bitcoin/cryptocurrency game. Is this phenomenon worth exploring for the average investor?
There are a lot of changes, trends and issues we’ll face in the coming years in the financial world. How optimistic should you be about each of them? We’ll cover whether you should see the financial landscape as half full or half empty.
A lot of Americans have 401(k) accounts. Let’s cover some of the common questions we get from 401(k) owners. You probably have some of these questions on your mind anyway. Oh, and this advice generally applies if you have a 403(b) or similar type of account, too.
The second part of our conversation about helping your grandchildren grow into financially savvy adults.
We'll give you 7 tips to consider to help your grandchildren grow into financially savvy adults.
Answering your questions about how to find a reputable advisor and what to do if you hate all the advisors you've met with in the past.
In a follow-up to our podcast on putting the tax code proposals in context, we'll take a deeper look at how the tax code influences the stock market's outlook. We'll also ask J'Neanne if the "middle class" gets accurately reflected in the proposed brackets. And if you're retiring soon, should you put it on hold until the tax situation works itself out?
It can be difficult to make financial sacrifices when the reward for doing so might not be seen until several years in the future. Let’s talk about some of the situations where you might be inclined to take the immediate benefit, but you should really consider the delayed benefit.
Sometimes people just need a complete overhaul of their financial plan. Other times it’s just a matter of a few tweaks that make all the difference. Let’s look at some of the easy opportunities for improvement we commonly see in the investing world.
Learn about the historical contexts and regional perspectives on current federal tax code proposals.
It seems a lot of people don’t truly grasp the impact that healthcare costs are going to cause on their financial and retirement plans in the future. Let’s analyze why that is and what it looks like to truly plan for healthcare in a financial plan.
A lot of people aren’t clear on why RMDs exist. Let’s clear up the confusion and talk about the proper ways to handle RMDs and how you should be planning for them.
The old saying goes, “Smart people learn from their own mistakes. Geniuses learn from the mistakes of others.” Let’s look at some of the regrets we hear from people who wish they’d made different financial decisions, so you can learn from those missteps.
We'll take your listener questions on income planning, buying gold, and riding the stock market roller coaster.
We'll take a look at some of people's biggest financial fears and why they're not as scary as they seem.
We'll discuss the different stages of retirement planning and how you think about them.
It's not football season, but we'll show you how planning for retirement can be a bit like trying to win on the field.