Saving With Silverman: Recent Episodes
Mark Silverman
Investing and financial planning guidance with Certified Financial Planner Professional Mark Silverman in Tucson, AZ.
It’s one of the most misunderstood numbers in personal finance, and yet it can shape everything from your mortgage rate to your insurance premiums. In this episode, Mark breaks down what your credit score actually measures, why it matters even if you're financially comfortable, and how small, consistent habits can make a big difference over time.
Here’s what we discuss in today’s show:
📉 One error that can drag your score down fast
💳 The 30% rule for smart credit card use
📊 How small habits affect your credit over time
🔐 Why closing that old credit card might backfire
🔎 Why it’s important to keep an eye on your credit score
Resources for this episode:
Bankrate: https://www.bankrate.com
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
What do you do when life throws retirement curveballs, especially the ones you didn’t see coming? In this mailbag episode, Mark tackles three unique retirement planning questions from listeners like you. You’ll hear whether life insurance can make sense as part of an estate plan and what the 4% rule really means when it comes to dividends and interest. Mark also helps a listener assess the impact of leaving work earlier than expected and what steps to take next.
Here’s what we discuss in today’s show:
📊 What the 4% rule really includes
🏛️ Turning your investments into a meaningful legacy
📦 Evaluating your readiness for early retirement
📈 Why a comprehensive plan beats one-size-fits-all advice
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
Not all financial advisors do the same thing and not all “plans” are made with your best interest in mind. In this episode, Mark walks through what a genuine financial planning process looks like from start to finish, and how to spot the difference between true fiduciary advice and a thinly veiled product pitch.
Here’s what we discuss in today’s show:
📞 What the first call with an advisor should include
🧾 Red flags: product pitches in meeting one
🧠 Why planning should come before investing
📉 What makes a true fiduciary different
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
Ever wonder what other people talk about with their financial advisors? A new survey of nearly 400 experienced advisors reveals the biggest concerns, challenges, and financial goals their clients are facing today. From retirement planning and healthcare costs to working longer than expected, we’re breaking down the key takeaways and how they compare to what we see in our own client conversations.
Here’s what we discuss in today’s show:
📊 Survey insights from 400+ financial advisors
💰 Why retirement income is more than just savings
📉 How to avoid outliving your money
🏥 Health costs and caregiving pressures
🛠️ Real planning vs. product sales
Financial Advisor Magazine article:
https://www.fa-mag.com/news/retirement-planning-survey-2024-80450.html
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
How do you build confidence in your retirement plan when so much feels out of your control? In today’s episode, we’re cutting through the noise and focusing on what really matters- the things you can control. From managing risk to planning for inflation and creating reliable income, we’ll share strategies that put you back in the driver’s seat.
Here’s what we discuss in today’s show:
📊 Most people don’t understand how much investment risk they’re actually taking
🧾 You can’t control tax law, but you can control where your money is taxed
💡 Social Security is important, but it shouldn’t be your only income stream
💸 Tax on Social Security – is it going away?
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
What happens when the paycheck stops, but the bills don’t? In this episode, Mark cuts through the noise and gets real about why a true retirement income plan is your financial foundation. Spoiler: it’s not about picking the right annuity or hoping Social Security is enough. It's all about strategy, and there’s no silver bullet.
Here’s what we discuss in today’s show:
💸 Most people don’t have an income plan—they just have accounts
📉 Without a strategy, retirement income can be unpredictable
📊 Financial products ≠ financial planning
🧩 Coordinating Social Security, pensions, and savings is essential
📞 The first step is a conversation—not a sales pitch
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
A good financial plan considers the unique needs and views of both spouses. But let’s face it, couples often come to the table with different approaches to saving, spending, and planning for the future. So, how do you get on the same page and build a plan that works for everyone? In this episode, we’ll explore the challenges and strategies of financial planning for married couples.
Here’s what we discuss in today’s show:
💰 Getting the saver vs spender on the same page in retirement planning
💬 Key conversations every couple should have before building a financial plan
👨👩👧👦 Why it’s important for both spouses to be involved
🤝 How Mark helps couples create a retirement plan they can both agree on
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
Arizona is a unique state in that parts of the state have harsh winters while other areas deal with extreme heat in the summers. Either way, it definitely drives retirees to consider taking up residence somewhere else in those months when the weather isn’t enjoyable. Is ‘snowbird’ life for you? Let’s talk about what motivates people to take up temporary residence elsewhere, where they go, and if it’s worthwhile.
Here’s what we discuss in today’s show:
What our clients usually do when they choose to become ‘snowbirds.’
Where do people usually go to live when they leave?
What do you need to consider before deciding to take up two residences?
The ways that technology has given more flexibility with work and travel.
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
For many Americans, the 401k will be their biggest asset in retirement and will be a critical piece of the income they need to create. It’s no surprise that we get a lot of questions about the 401k and today we’re going to address some of the one that we get asked the most.
Here’s what we discuss in today’s show:
- Is it a good idea to take advantage of a program your company offers to advise you on your 401k?
- Should you contribute as much as you can or just enough to get a company match?
- Should you use target date funds?
- Is it okay to take out a 401k loan to pay for major expenses?
- When is it a good time to rollover a 401k into an IRA?
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
Today we’re going to tackle retirement planning through a fun game called ‘Two Truths and a Lie.’ Ron will present Mark with three statements, and he’ll have to tell us which two are true and which one is the lie. This episode is designed to help listeners better understand how various financial elements impact their retirement and overall financial health.
Here’s what we discuss in today’s show:
- Do stocks, bonds, or gold typically do better in inflationary periods?
- Rising interest rates will hurt borrowers, but rising interest rates don't hurt savers.
- Your emergency fund should be growing or it should be liquid.
- A market crash right after you retire can be very problematic.
- What’s the truth behind the future of Social Security?
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
If you’ve done any research on retirement and financial planning, you’ve probably seen the term diversification used quite a bit. But does what it mean to truly be diversified? The truth is that it can mean a lot of different things when it comes to your financial plan.
Here’s what we discuss in today’s show:
- Diversification of stocks
- Diversification of asset classes
- Global diversification
- Diversification of strategies
- Diversification of future tax liability
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
You wouldn’t necessarily expect Lindsay Lohan, Rosie O’Donnell or Mike Tyson to dispense valuable insights about financial planning matters. In fact, you’d probably expect the opposite. But with a little bit of creativity, we can get some financial planning pearls of wisdom from even the most unlikely of sources.
Here’s what we discuss in today’s show:
- Not being your own worst enemy when it comes to investing
- Taking what you hear on TV or social media with a grain of salt
- Having a game plan but being flexible with that plan as things change
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
With pensions being a thing of the past, and Social Security looking like it might have some changes coming, retirement planning today is nothing like it was for your parents or grandparents. In the past, people often retired and only lived a few years beyond that, but today’s retirees could spend 20, 30, or even 40 years in retirement. And, unless you’re in one of the few jobs that still offer pensions, it’s largely up to you to create and secure your own retirement.
In this episode, Mark breaks down exactly how retirement planning has changed over the years and shares how people can start to get ahead in their planning.
Here’s what we discuss in today’s show:
- Pensions are largely a thing of the past
- The challenge of having to support your children and elderly parents at the same time
- Concerns about the future of Social Security
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
From fitness icon to actor to governor, Arnold Schwarzenegger has worn lots of different hats over the course of his incredible life. Is financial advisor the next one he’s ready to put on? Probably not, but in today’s episode, we’ll dive into some of Arnie’s most well-known quotes and see how they can apply to the financial world!
Here’s what we discuss in today’s show:
- How investing changes as you move through different stages of life.
- Visualization and setting goals.
- How the stock market is cyclical.
- The hard part is often just getting started.
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
In our fast-paced lives, we often find ourselves juggling multiple priorities, from maintaining a healthy lifestyle to ensuring financial stability. But have you ever considered how these two seemingly distinct aspects of life might share common ground? In the latest episode, Mark highlights the intriguing parallels between weight loss and financial planning.
Here’s what we discuss in today’s show:
- Understanding both the pros and cons when it comes to different financial products.
- Being diligent with saving.
- Your financial plan is not just for you, but for your family too.
- Reassessing your financial goals as your life circumstances change.
Want to get in touch with Mark?
Web: https://silverman-associates.com/home
Email: mark@silverman-associates.com
Phone: 520.512.8832
Lots of people have questions about their retirement, but most people should be asking about things they don’t know about. In this episode, Mark will give you the questions that can significantly impact your financial future, which is essential for getting on the right track for retirement.
Here’s what we discuss in today’s show:
- Figuring out how much you can withdraw from your savings every year.
- Considering if you should maintain a life insurance policy when you are retired.
- Do you know what you’re paying in fees and what that is getting you?
Want to get in touch with Mark?
Web: https://silverman-associates.com/home
Email: mark@silverman-associates.com
Phone: 520.512.8832
When it comes to retirement planning, real estate often emerges as a popular topic of discussion. If this is something you’ve been curious about, this episode should be very helpful. We’re going to dive into the complexities of real estate and some of the factors you need to consider before making any final decisions.
Join us to learn how to make smarter choices about your real estate investments and retirement planning.
Here’s what we discuss in today’s show:
- Keeping a sense of perspective on the current mortgage rates.
- Challenges with using rental properties as a means to fund retirement.
- Diversifying portfolios that have a good amount of real estate holdings.
- What is a reverse mortgage and why the complexity and cost make them a less attractive option.
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
In this episode, we look at finance through a bit of an unconventional, yet enlightening lens. Mark takes the timeless wisdom of Ernest Hemingway to draw parallels and impart valuable lessons for making smarter financial decisions.
The great American novelist and journalist captured the hearts and minds with his adventurous lifestyle. During his 51 years on Earth, Hemingway left a lasting legacy and it isn’t always explored from a financial viewpoint. That’s what we'll do today with some of these great quotes and hopefully provide you with a little real-world guidance you can apply to your own life today.
Here’s what we discuss in today’s show:
- How financial planning doesn’t always go just like the books tell you it will.
- There is always something new to learn and something to improve on.
- How to adapt to the current realities of the market (at any point in time).
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
Calvin and Hobbes is one of the most timeless comic strips in American history, but is there anything we can learn from Bill Watterson’s masterpiece in the financial realm? Turns out there is, and Mark will draw on wisdom from the comic to highlight several quotes that offer valuable lessons for financial planning.
Here’s what we discuss in today’s show:
Preparing in advance for some of those financial surprises.
Having a sound investing strategy.
Making sure your retirement income keeps pace with inflation.
Getting ahead on your retirement plan.
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
Have you ever considered how the mundane tasks we do around the house can offer valuable lessons for managing our finances? In this episode, we’re going to expand on this intriguing analogy. From taking out the trash to cleaning out the fridge, Mark provides insightful advice on maintaining a well-diversified portfolio, updating beneficiaries, and the importance of periodic maintenance.
Here’s what we discuss in today’s show:
- Reviewing your portfolio and making sure that it is well diversified.
- Ensuring that the investments in your portfolio are appropriate for where you are in life.
- Knowing what you want from your financial advisor.
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
Every individual will have a unique plan for retirement, but there are questions that every person should be able to answer before they make the transition. Am I prepared for increased tax rates in the future? What about if I live longer than I plan and I outlive my money? What do I want to happen with my money after I die? Today we’ll provide a comprehensive checklist that will help prepare you for retirement.
Here’s what we discuss in today’s show:
- Saving for the future while enjoying life in the present.
- Being prepared for retirement risks.
- Minimizing future tax liability.
- Incorporating legacy planning into your overall plan.
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
Mark Twain is one of the most revered authors in American history, but what can we learn about finance from this legendary wordsmith? Join Mark Silverman as he takes a look at some of Twain’s most famous quotes and applies the lessons to financial planning.
Here’s what we discuss in today’s show:
- Diversification and spreading out your risk to protect your portfolio.
- Not letting politics be an excuse when it comes to investing decisions.
- The longer-term an investment you have, the more likely you are to have a good return.
- The value of getting ahead and how money is a tool.
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
Can you imagine how difficult it would be for a placekicker if the goalposts suddenly shifted just as they were about to kick? In the same sense, how can we expect to achieve our financial goals if we're constantly shifting the targets? Retirement goals can obviously change with the passage of time, but there can be some serious risk when it comes to your retirement if you shift the goalposts a little bit too carelessly.
Here’s what we discuss in today’s show:
- Setting and sticking to goals.
- Not keeping more cash for your retirement than you need.
- Determining how much risk you should be taking.
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
While you’ve probably heard of bonds before, do you really have a full understanding of how they work, especially when compared to stocks? Today we’ll dive deep into the world of bonds, breaking down their complexities and offering valuable insights.
Here’s what we discuss in today’s show:
- What are bonds, and how are they different from stocks?
- Bond funds v. individual bonds.
- What causes bond prices to change?
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
Have you ever glanced at your financial statements and felt overwhelmed by the numbers and jargon? You're not alone. Many people receive statements from their investment accounts every month or quarter but don't fully understand what they're looking at.
Here’s what we discuss in today’s show:
- Some of the challenges when it comes to fees.
- What is cost basis and why is it important?
- What’s in the fine print that you should be paying attention to?
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
It’s been said that “the sales brochure giveth and the fine print taketh away.” In the financial world, glossy brochures and enticing sales pitches often conceal ugly hidden truths. Let’s talk about some of the things we hear from people when they don’t pay enough attention to the fine print...
Here’s what we discuss in today’s show:
- “I just got a big rate increase on my long-term care insurance!”
- “The fees in this annuity are a lot higher than I was told!”
- “This mutual fund had done really well for the last several years, but it tanked as soon as I got into it!”
- “My life insurance suddenly got really expensive as soon as I turned 65!”
- “I want to get some money out of this REIT but they’re telling me I can’t have it back!”
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
In the realm of personal finance, there's no shortage of advice- some of it good, some of it not so much. Being a good advisor isn’t about winning a popularity contest or just saying the same things that everyone else in the industry says. It’s about giving the best advice that you can for each individual situation.
Let’s discuss some areas where Mark’s opinions might not be popular with other people in the financial industry...
Here’s what we discuss in today’s show:
- The appropriate amount of risk for a retiree or pre-retiree
- The appropriate use of life insurance
- How to handle debt
- Whether or not to pay off the house
- The appropriate use of annuities
- The appropriate use of mutual funds
- How much money to have in cash
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
A recent study revealed that 19% of Americans over the age of 65 are still working, which is twice as high as it was 30 years ago. Today, we’ll explore some of the reasons behind this statistic.
Here’s what we discuss in today’s show:
- Some people truly love their job
- A divorce can force someone into working longer than they originally planned
- Waiting for Social Security full retirement age
- Some people simply haven’t saved enough
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
In this episode of Saving With Silverman, we delve into the nuanced world of financial risk. Join Mark Silverman, CFP® and founder of Silverman & Associates, as he unpacks the complexities of risk tolerance in investing. Whether you're a thrill-seeker in the market or prefer a more cautious approach, understanding the risk you're comfortable with is crucial to achieving your financial goals.
Mark emphasizes the importance of understanding not just how much risk you're taking, but also how much you should be taking to stay on track for your objectives. You’ll learn about the pitfalls of chasing market trends and the dangers of being misaligned with your risk tolerance. Mark's conversation is peppered with insights like 'Investments work, investors don't,' highlighting the common mistakes people make when trying to time the market.
Discover how to align your investments with your life goals in our latest podcast episode. Learn the secrets of managing risk, crafting a diversified portfolio, and ensuring your financial plan is as unique as you are. Don't leave your financial future to chance; listen today for actionable insights and take control of your wealth. Your smarter financial future awaits!
Here are the quotes we discuss in today’s show:
- How often someone’s portfolio matches their feeling about risk.
- For people who don’t know how much risk they’re taking, how can they tell?
- Why so many people take unnecessary risks with their retirement money.
- Is there a way to significantly reduce portfolio risk without also significantly reducing opportunities for growth?
- How can someone know how much financial risk is appropriate for their situation?
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
We like to approach financial conversations from a creative angle here on the show. So, in today’s episode, we’re exploring the timeless wisdom of past presidents. Join Mark as he takes five famous quotes from influential figures such as George Washington and Ronald Reagan and shares how their wisdom applies to financial planning.
Here are the quotes we discuss in today’s show:
- “When only one side of a story is heard and often repeated, the human mind becomes impressed with it.”
- “Ask not what your country can do for you, ask what you can do for your country.”
- “Think about every problem, every challenge we face. The solution to each starts with education.”
- “Trust but verify.”
- “It takes a great man to be a good listener.”
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
In today's uncertain financial landscape, it's easy to feel like you're rolling the dice when it comes to retirement planning. With rising costs and unexpected expenses to account for, leaving your financial future to chance isn't a risk worth taking. Join us on this episode as we dive into the importance of strategic retirement planning.
Here’s what we discuss in today’s show:
- Understanding and planning for how much income you’ll need in retirement
- Maintaining a sufficient liquid reserve to handle unforeseen costs
- Accounting for the cost of inflation in your retirement plan
- The escalating costs and uncertainties surrounding healthcare
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
Does retirement planning sometimes sound like Greek to you? Turns out, that's not always a bad thing. Join us as we take a step back in time and explore the timeless wisdom of Aristotle in today’s episode.
Here are the quotes we discuss in today’s show:
- “It is the mark of an educated mind to be able to entertain a thought without accepting it.”
- “Quality is not an act. It is a habit.”
- "The aim of the wise is not to secure pleasure, but to avoid pain."
- “Well begun is half done.”
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
Welcome back to the Saving with Silverman podcast! In today’s episode, Mark is going to answer some mailbag questions sent in by listeners like you. These episodes are a great way for you to learn from real-life financial scenarios while gaining valuable insights into managing your finances effectively.
Here are the questions we cover in today’s show:
- “Is financial expense insurance worth buying?”
- “I have to start taking RMDs next year. Should I take these withdrawals in monthly installments or one big withdrawal at the end of the year?”
- “How much tax should I expect to pay on my deceased mother's estate, which includes an IRA worth $150,000, a checking account with $100,000, and a house about to be sold for $350,000?”
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
Welcome back to the Saving with Silverman podcast! This week, we’re going to see what home renovation projects can teach us about the world of retirement planning. We’ll explore insightful lessons derived from the renovation process, such as understanding the “contractor's discount” and the importance of passing financial "inspections."
Here’s what we discuss in today’s show:
- The financial advantages of working with an RIA firm, including transparent fees and potential cost savings
- Passing “inspection” in financial planning with a collaborative financial planner
- The importance of specialization in financial planning and working with and advisor who prioritizes planning instead of products
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
In today’s episode, we’re going to cover some signs of good financial health. Listen in as Mark covers four essential areas that lay the foundation for a secure retirement. We’ll chat about the importance of spending less than you make, understanding the future tax implications of your savings, crafting a comprehensive retirement income plan, and more.
Here are the signs of good financial health that we’ll chat about:
- You spend less than you make
- You understand the future tax implications of your savings
- Both you and your spouse both understand your retirement plan and are prepared for the unexpected
- You have a written retirement income plan and peace of mind
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
Ever wondered when the next market crash will hit? Or what healthcare costs will look like 20 years from now? Unfortunately, these are questions that none of us have a crystal ball for. So, when it comes to financial planning, how can we be best prepared for the unexpected?
Here are the questions that we chat about in today’s episode:
- “When is the next market crash going to happen?”
- “What will healthcare costs look like 20 years from now?”
- “What will the tax rates be three presidents from now?”
- “How long am I going to live?”
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
When you break it down to the most basic level, there are really three worlds of money that we utilize for financial planning: banking, insurance, and Wall Street. Each of these worlds has a distinct purpose and role in helping you prepare for retirement. Let’s talk about the pros and cons of each and how we use them to design a portfolio.
Here’s some of what we’ll discuss in this episode:
- The banking world is great for savings and low risk, but it limits your opportunity for growth.
- Why we don’t look at insurance as an investment and what do we use this for.
- The Wall Street world involves risk but a proper portfolio gives you the best chance for growth.
Want to get in touch with Mark?
Web: https://silverman-associates.com/home
Email: mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
Nearly everyone we know has seen the movie Forrest Gump, which hit movie theaters nearly 30 years ago. That’s really hard to believe, but it’s a film that still holds up today. Forrest might have been slow-witted, but it’s hard to find a more inspirational character. Believe it or not, there are even financial lessons we can glean from the movie and we’ll share those today.
Here’s some of what we’ll discuss in this episode:
- Why you need to have a plan that’s able to adjust as life changes.
- An example of someone who had a life circumstance that completely changed their plans.
- We can’t get hung up on decisions we made in the past. Instead, we need to focus on what we can do moving forward.
- Nobody escapes death so what can you do now to prepare your family for loss?
Want to get in touch with Mark?
Web: https://silverman-associates.com/home
Email: mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
There are lots of financial decisions that people tend to push off to a later date. Usually, procrastination is not your friend, but in today’s episode, we’re going explore whether putting off certain financial matters is a good or bad strategy. Stay tuned as we chat about deferring taxes, eliminating debt, setting up legal and estate documents, and more!
Here’s what we discuss in today’s show:
- Deferring taxes can be beneficial upfront, but they will eventually need to be paid
- There are good and bad kinds of debt
- The benefits of having a simple will in place
- Understanding when to start taking Social Security benefits
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
In this week’s episode, we’re diving into the journey that brought Mark to where he is today. Stay tuned as he reflects on the journey that led him to this point in his career and the influential figures who shaped his personal views on money and finance along the way. We’ll also discuss the importance of planning for retirement and the common frustrations people face when they haven't adequately prepared for this significant life transition.
Here’s what we discuss in today’s show:
- How Mark became interested in the financial industry + influential mentors in his career
- The difference between the accumulation and distribution phases of retirement
- What gratifies Mark the most about his job in financial planning?
- It's never too late to seek help with retirement planning, even if you've already retired without a plan
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
Social Security is a complex system that impacts nearly everyone’s financial future. Despite its importance, there’s a lot that the average person doesn’t know or understand about it. Today we’re going to explore some of these lesser-known facts so that you can make the most informed decisions for your financial future.
Here’s some of what we discuss in today’s show:
- What are work credits, and how do they impact Social Security benefits?
- How do spousal benefits work, and can non-working spouses receive benefits?
- Former spouses who were married for at least 10 years may be eligible to claim benefits based on their ex-spouse's earnings.
- What is the earnings test, and how can it affect early Social Security withdrawal?
- Your Social Security benefits can be garnished by the federal government.
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
We’re back with another mailbag episode this week! We have an exciting lineup of topics to discuss today. Colleen asks how much money she should have in her emergency fund. Bonnie asks Mark to explain the basics of estate planning to ensure that her assets are passed on with minimal tax implications. Listen in as we tackle these questions more in today’s episode!
Here’s are the questions Mark answers in today’s show:
- How much money should I have in my emergency fund and how does this differ from other savings?
- I want to ensure my assets are passed on to my children with minimal tax implications. Can you explain the basics of estate planning that I should make sure I have covered?
- I owe about $50,000 In my house, and about $45,000 on a rental property that I've had for several years. I have enough cash to pay off one of these but not both. Which one should I pay off?
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
A recent study analyzed Google Trends to find out what keywords are being searched the most and it revealed six financial topics that get queried the most. From income taxes to insurance, there’s a pretty good chance that you’ve searched some of these as well.
On today’s show, we’ll talk about:
- What problems could you run into if you’re relying on Google to do your planning?
- Insurance has so many types of policies so you have to be specific when looking.
- Searching for mortgages returns a lot of paid content.
- Problems you could run into when Googling just retirement accounts.
- What people are looking for when they search estate planning.
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
Today we’ll talk about why a lot of people don’t think about the need for long-term care despite the fact that it could be incredibly expensive. Plus, we’ll discuss some of the different options for protecting yourself against the possibility of long-term care needs in retirement.
On today’s show, we’ll talk about:
- Where long-term care ranks on the list of priorities in retirement planning.
- Why most people don’t take long-term care seriously until it affects them.
- How realistic is it to self-insure for LTC?
- Is long-term care insurance a good policy to have?
- Why life insurance is a good option for a lot of people for helping with LTC
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
Today we're sharing some qualities of money that you need to know as you plan for retirement. For example, do you know what three qualities of money should be represented in nearly every investment plan? Or how about this – what’s the best single investment that achieves all three qualities at once? Stay tuned as we explain what these qualities are and why you need to know this crucial information as you prepare for for financial future.
On today’s show, we’ll share:
- What three qualities of money should you find in your investment plan?
- Is there a single investment that achieves all three qualities at once?
- Examples of different investments that achieve different qualities.
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
admin@silverman-associates.com
Phone:
520.512.8832
520.618.5323
Socrates said the unexamined life is not worth living. When it comes to financial planning, it’s important to examine yourself by pondering some of these important questions. Today we’ll get to the heart of the issues.
On today’s show, we’ll discuss:
- What financial issues keep you up at night?
- What do you really desire the most financially speaking?
- How much of a risk taker are you when it comes to money?
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
admin@silverman-associates.com
Phone:
520.512.8832
520.618.5323
No matter what generation you’re from, people of all ages have financial struggles – some more than others. On today’s show, we’ll dive into three generations – Millennials, Generation X, and Baby Boomers to look at the different ways they handle money and what challenges they often face.
On today’s show, we’ll share:
- What challenges do Millennials face? (1:40)
- What challenges does Generation X face? (3:10)
- What challenges do Baby Boomers face? (5:00)
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
admin@silverman-associates.com
Phone:
520.512.8832
520.618.5323
It’s time for another mailbag episode! This episode could be very helpful if you’re looking to improve your financial situation and prepare for retirement. We will discuss what to do if your life insurance policy starts charging premiums again, what to invest in that won’t be so volatile, and when to take Social Security.
Listen in as we tackle some current questions from our listeners, and you’ll likely gain some invaluable insights to help you make informed financial decisions.
On today’s show, we’ll share:
- Why is my life insurance policy starting premiums again? (1:39)
- What can I invest in that won’t be so volatile? (3:35)
- Should I take Social Security or withdraw from my retirement accounts? (5:28)
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
admin@silverman-associates.com
Phone:
520.512.8832
520.618.5323
Not everyone needs a financial advisor right away, but some people desperately do. Unfortunately, people can have a hard time understanding which category they fall into. We’ve met with many different clients over the years. During those discussions, we’ve been able to tell who urgently needs our help, who simply needs a little guidance, and who thinks they have it all figured out. Listen to today’s show and find out what financial help you might need at different life stages, as Mark shares some first-hand insights on the benefits of financial planning.
On today’s show, we’ll share:
- Someone who thinks they don’t need an advisor, but they really do. (2:15)
- Someone who thinks they need an advisor, but they really don’t. (3:35)
- Someone who needs financial planning help but not necessarily investing help. (5:26)
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
admin@silverman-associates.com
Phone:
520.512.8832
520.618.5323
In the complex world of financial planning, there are countless pitfalls one could fall into as you approach retirement. In this episode, we’ll share some common mistakes we see people make all the time. Avoiding these crucial missteps can have a significant impact on the success of your retirement plan. We'll delve into these key issues and learn how to navigate them effectively when it's your turn to plan for retirement.
Here’s what we’ll discuss on today’s show:
- Investing at age 59 the same way that you invested at 39 (1:56)
- Starting Social Security without a plan or strategy (3:03)
- Focusing on tax preparation, but not tax planning (4:33)
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
admin@silverman-associates.com
Phone:
520.512.8832
520.618.5323
Is there really such a thing as having predictable, guaranteed income in retirement? Maybe the question is really “guaranteed by whom?” In this episode, we’ll discuss some of the retirement income sources that people might view as predictable but really aren’t certain.
On today’s show, we’ll share:
- Is predictable, guaranteed income in retirement really a thing? (1:35)
- What are some examples of predictable income? (2:19)
- Why you need a diversified portfolio. (3:09)
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
admin@silverman-associates.com
Phone:
520.512.8832
520.618.5323
Today’s topic may be a difficult one to consider, but it is a very important one at the same time. If you were to lose your spouse, what steps should you take to manage your finances? In today’s episode, we are going to share some real-life examples and cover the most common questions and challenges we’ve seen clients face after losing a loved one.
On today’s show, we’ll share:
- What are the main questions people ask after their spouse dies? (1:16)
- What are the immediate challenges people face after their spouse dies? (2:47)
- We share a story about a widowed spouse who was left in a difficult position. (4:50)
Want to get in touch with Mark?
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
admin@silverman-associates.com
Phone:
520.512.8832
520.618.5323
Yogi Berra was a sports icon and one of the most quotable people to ever live. And when we look at some of his quotes through the right prism, they can teach us some lessons about financial planning. In today’s episode, we’ll have a little fun with some of these quotes to see what financial wisdom we can pull from them.
On today’s show, we’ll share:
- I never said most of the things that I said. (2:05)
- A nickel ain’t worth a dime anymore. (3:39)
- When you come to a fork in the road, take it. (5:37)
Want to get in touch with Mark?
Web: https://silverman-associates.com/
Phone: 520.512.8832
Email: mark@silverman-associates.com
When it comes to financial planning, it’s OK to admit that you don’t know the answer to something. The real danger is thinking you know the answer to something when you actually have it all wrong.
Today we’re discussing some of the things people think they know, but in reality they really don’t. Even with all the information that’s available to us everyday, there are still plenty of aspects of finances and retirement planning that can be confusing and hard to process. So let’s try to sort some of that out on this episode and help level up your financial knowledge.
On today’s show, we’ll share:
- How much income you’ll need in retirement. (2:12)
- When to jump in or out of the market. (4:14)
- Whether to have life insurance and how much. (5:26)
Want to get in touch with Mark?
Web: https://silverman-associates.com/
Phone: 520.512.8832
Email: mark@silverman-associates.com
Last year was a rough year in the market, but it’s hard to attribute it to any one particular trend. It was more a confluence of various factors. On today’s show, we’ll review some of the absolute worst days, weeks and years in market history, what caused them and what we learned.
On today’s show, we’ll share:
- What happened on Black Tuesday? (2:03)
- How did the Dot Com crash affect us? (2:41)
- What happened when the markets reopened on Sept. 17, 2001? (3:30)
Want to get in touch with Mark?
Web: https://silverman-associates.com/
Phone: 520.512.8832
Email: mark@silverman-associates.com
It’s time for another mailbag episode, and we have some great topics to discuss. This episode could really help if you’re looking to improve your financial situation and prepare for retirement.
We will discuss whether to take expensive trips, how to prevent your children from having hurt feelings over your will and when to pay extra on your mortgage. Listen to hear some of the questions our listeners have, and maybe you’ll gain some valuable knowledge from our answers!
On today’s show, we’ll share:
- Should I take this expensive trip? (2:12)
- What’s the best way to keep my kids from having hurt feelings over my will? (4:01)
- Should I pay extra toward my mortgage? (5:32)
Want to get in touch with Mark?
Web: https://silverman-associates.com/
Phone: 520.512.8832
Email: mark@silverman-associates.com
When you think about the word “generosity,” what comes to mind? Maybe money or time spent helping others. We’ve all known generous people in our lives – and those who didn’t have this trait – but generosity can take many forms.
On today’s show, we’ll share some examples of generosity and how that can work with your overall financial plan.
On today’s show, we’ll share:
- What does it mean to be generous? (1:36)
- An example of a naturally generous person. (3:05)
- Do some people give away too much money? (3:44)
Want to get in touch with Mark?
Web: https://silverman-associates.com/
Phone: 520.512.8832
Email: mark@silverman-associates.com
Almost everyone likes the idea of a healthy bank account. But can there be too much of a good thing?
We’ll explain some of the common reasons people want cash on hand and why it might be counterproductive to have too much in your checking or savings account.
On today’s show, we’ll share:
- What are some common needs for cash? (0:54)
- How much cash should I have? (2:17)
- Why do some people keep so much cash? (2:52)
Want to get in touch with Mark?
Web: https://silverman-associates.com/
Phone: 520.512.8832
Email: mark@silverman-associates.com
The idea of a Roth conversion is intriguing to a lot of people. For some, it can be a great strategy to enact, but others might not know what it is.
Today we’ll share what a Roth conversion is, why it’s worth considering and some common mistakes we see people make with them.
On today’s show, we’ll share:
- What is a Roth conversion? (2:17)
- Why is a conversion helpful for people who make a lot of money? (5:11)
- What common mistakes do people make with Roth conversions? (6:13)
Want to get in touch with Mark?
Web: https://silverman-associates.com/
Phone: 520.512.8832
Email: mark@silverman-associates.com
Today we’re chatting about the characteristics of financial advisors. Everyone has different personalities, but what should you look for in an advisor? How much should likeability and listening skills play into the person you choose?
How much emphasis do you place on things like trust, areas of expertise, and the ability to solve problems? You want to find someone who resonates with you and can help you build a strong financial future.
On today’s show, we’ll share:
- How do you develop trust with a financial advisor? (0:54)
- How much should likeability and rapport play into the relationship? (2:19)
- What kind of credentials should you look for when choosing an advisor? (3:49)
For more, visit us online: https://silverman-associates.com/
Today’s show combines two fun topics – finances and football. Believe it or not, planning for your financial future has some similarities to the sport of football.
In retirement planning, some people try to be successful without having a coach at all. Others keep the same coach that they’ve had for years, even though things aren’t working out with him.
We’ll explain why you need to design a portfolio that puts you in victory formation.
On this episode, we’ll share:
- Why mistakes in the financial red zone are so costly. (2:17)
- Why the hurry-up offense is a bad idea for your finances. (4:45)
- Why you need to stop worrying about the victory formation with your money. (6:22)
For more, visit us online: https://silverman-associates.com/
We’re opening up the mailbag today to answer your questions. We got a lot of good feedback, including questions about taxes in retirement, using investments to pay for a car and more.
If you have a question, you can submit it on our website. There’s a high likelihood you’ll hear your question answered on air. We’d love to hear from you.
On today’s show, we’ll share:
- Do you have to pay taxes in retirement? (0:37)
- Can I take money from investments to pay for a car? (1:45)
- Is Social Security going bankrupt? (4:01)
For more, visit us online: https://silverman-associates.com/
If you have a financial advisor or are thinking about getting one, you might be wondering how we are paid. There are several different ways that financial advisors can be paid, but which way is the best for you?
Other than fees paid to an advisor, what are some of the other costs that you might encounter in the financial world? We’ll explain some of the things you need to know about finances and your financial advisor.
On today’s show, we’ll share:
- How are financial advisors paid? (2:03)
- What are the pros and cons to paying advisors? (3:24)
- Other than fees, what are some other costs? (5:34)
For more, visit us online: https://silverman-associates.com/
The doctor is in, and we’re here to share some common financial diseases and how they can affect you. From “Inflation-itis” to “Old Fogey’s Disease,” we can spot the trouble areas in your financial life.
Whether you suffer from “Acute Portfolio Riskopathy” or “Nursing Home-Atosis,” we are here to help.
On today’s show, we’ll share:
- What the causes of Acute Portfolio Riskopathy are and why you need to understand your goals. (2:07)
- What the cure for Old Fogey’s Disease is and why you need to plan for the future so you’re not a burden to your family. (3:58)
For more, visit us online: https://silverman-associates.com/
What can the game of golf teach us about retirement planning? How does hitting a hole-in-one correlate to your finances? And how is a caddy like a financial planner?
We’ll answer these and other questions on today’s show. If you love golf and getting your money and retirement in order, today’s show is for you.
On today’s show, we’ll share:
- Why a hole-in-one is not what you want to shoot for in your finances. (1:55)
- Why having a lot of clubs in your bag is like having different financial investments. (3:19)
- Why you should listen to your caddy, just like you should listen to a good financial advisor. (4:35)
For more, visit us online: https://silverman-associates.com/
If you take a close look at most folks’ financial situations, you’ll find that it’s almost scandalous how badly their financial matters have been handled. Let’s talk about the steps you should take to create a scandal-free retirement.
From consumer debt to leaky budgets, we’ll explain what you can change to have a scandal-free retirement.
On today’s show, we’ll share:
- Why you need to impeach consumer debt, such as credit cards. (1:48)
- How to find the leaks in your spending plan and stop them. (2:57)
- How to obstruct catastrophic market losses, which can be deadly to your finances. (3:54)
For more, visit us online: https://silverman-associates.com/
Some people are nervous about the idea of meeting with a financial advisor because they don’t know what to expect.
Will they be sold something they don’t need? Will they be chastised for not handling their money well enough up to that point? We’ll take some of the mystery out of that first visit on this episode.
On today’s show, we’ll share:
- How to get prepared for your first visit with a financial advisor. (1:37)
- Do financial advisors ever have to be stern with their clients? (3:09)
- The questions advisors ask clients that they didn’t expect. (4:20)
For more, visit us online: https://silverman-associates.com/
Let’s talk about some of the areas of your financial life where you might be flirting with disaster and don’t even know it. Disaster and retirement are not two words you want to be associated with each other.
Key topics on this episode:
2:41 – Widowed spouse out of the loop
5:40 – Market crash forces work
7:37 – Family legacies and long-term care
9:16 – Social Security
For more, visit us online: https://silverman-associates.com/
Cognitive biases are fascinating, especially as it relates to money. Find out what these biases are and how to implement more rational thinking into your financial life.
Key topics on this episode:
0:58 – Self-serving bias
3:05 – Curse of knowledge
4:27 – Dunning-Kruger effect
6:52 – Naïve realism
8:25 – Confirmation bias
For more, visit us online: https://silverman-associates.com/saving-with-silverman-podcast
We made a list of some financial proverbs that we thought might be able to help you in your financial situation. Find out what you can glean from these wise words.
Key topics on this show:
2:39 – Bird in the hand
4:02 – Rising tide
4:38 – Eggs in one basket
5:43 – One man’s trash
For more financial information, visit us online: https://silverman-associates.com/saving-with-silverman-podcast
Everyone has a different vision for what retirement will look and knowing how you’ll spend your time will help you build your retirement plan. Today we’ll look at what retirement commonly means to retirees in Arizona and Mark will also share his thoughts on the rise of inflation.
Key topics on this episode:
0:39 – Mark’s thoughts on inflation
2:42 – Want to have nothing but fun
4:23 – Want to do nothing in retirement
6:15 – Want to spend time with family
7:01 – Want to keep working in some capacity
8:26 – Meeting with us
For more financial information, visit us online: https://silverman-associates.com/saving-with-silverman-podcast
Most people have a junk drawer at home with rubber bands, clothespins, highlighters, a tape measure, and a pair of scissors. But most people have a financial junk drawer, too. We’ll share what’s often in there and how those things might be put to better use.
Key topics on this show:
1:52 – Life insurance policy
3:24 – Will or estate plan
4:34 – Social Security estimate
5:26 – 401k statements
6:46 – US savings bond
7:45 – Vacant lot
Read more and get additional resources here: https://silverman-associates.com/saving-with-silverman-podcast
Today we’re sharing some details you might be overlooking as you plan for retirement. For example, have you thought about whether you’ll need to support your parents or children? We’ll share more missed details on today’s show.
Today's Key Points:
0:43 – Parents and kids
1:47 – Quitting your job
4:25 – Major purchases
5:31 – Death of spouse
For additional financial resources, visit us online: https://silverman-associates.com/saving-with-silverman-podcast
Should you retire early If you believe a large inheritance is coming your way? How much tax should you be withholding? Should you buy an investment property with your parents? We’re answering your mailbag questions today.
Today's Key Points:
0:36 – Federal crimes
2:00 – Inheritance
3:53 – Withholdings
5:05 – Property with parents
For additional financial resources, visit us online: https://silverman-associates.com/saving-with-silverman-podcast
A lot of people have questions about their retirement plan, but you might be asking the wrong questions. We’ll share some common wrong questions and what better questions might be.
Today's Key Points:
0:46 – How much to save?
1:38 – Long-term care insurance
2:49 – The highest return
4:36 – Fees
5:55 – Taxes
For additional financial resources, visit us online: https://silverman-associates.com/saving-with-silverman-podcast
Just because you can’t plainly see all of the expenses you’ll incur during the retirement planning process, that doesn’t mean they aren’t there. We’ll share some of the hidden expenses you might uncover.
Today's Key Points:
2:00 – Mutual funds
2:47 – Variable annuities
3:57 – Inflation
5:43 – Tax increases
6:40 – Leisure activities
For additional financial resources, visit us online: https://silverman-associates.com/saving-with-silverman-podcast
When looking for a financial advisor, beware of signs that they are more interested in giving you sales pitches than helping plan your financial future. We’ll share things to watch out for when selecting a professional to help with your money and tell you more about the planning process we utilize with clients.
What we discuss in this episode:
1:38 – Advisor or salesperson?
2:30 – Planning process
4:37 – Mark’s process
5:48 – What makes us unique?
7:40 – The first conversation
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast
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.
What we discuss in this episode:
1:55 – Market and risk
3:40 – Life span and income
5:23 – Tax rates and future taxes
6:43 – Social Security and income plan
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast
Creating a customized retirement plan for any individual can mean addressing some unique challenges. We’ll share some scenarios, discuss the challenges presented and share what solutions we recommend.
Read more and get additional resources here: https://silverman-associates.com/saving-with-silverman-podcast
What we discuss in this episode:
1:53 – Age gap
2:48 – Early retirement
4:06 – Lack of liquidity
5:28 – Separate finances
6:23 – Divorce
What are your thoughts on tax refunds, mortgages, macaroni and cheese and Star Wars? Let’s have some fun today and talk about whether these things are overrated, underrated or properly rated.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast
What we discuss in this episode:
0:51 – Tax refund
1:44 – Star Wars
2:30 – Paying off mortgage
3:33 – Variable annuities
5:00 – Macaroni & cheese
5:46 – Roth IRAs
If you want a successful retirement, we’re sharing some of the foundational building blocks you need to have in place. For example, is your income plan ready to go?
What we discuss in this episode:
1:15 – Income plan
1:57 – Money that lasts
3:12 – Being unprepared
4:25 – Steps to take
5:38 – Success stories
Read more: https://silverman-associates.com/saving-with-silverman-podcast
Today we’re sharing some crucial financial questions. How do you know how much income you’ll need in retirement? Are you taking too much risk on in your investments? We’ll answer these questions and more.
What we discuss in this episode:
0:44 – How much income will you need?
2:03 – How much money in savings?
3:00 – How much life insurance?
4:19 – How much risk
6:06 – Are fees too high?
7:13 – Is an advisor a good fit?
Read more: https://silverman-associates.com/saving-with-silverman-podcast
As a financial professional, there are things that Mark wishes everyone knew and understood about the financial industry. Today he’s going to share some of the tricks that sometimes get played and how to spot them.
What we discuss in this episode:
0:56 – Tricks
3:06 – Fees
3:50 – Risk potential
5:13 – Credentials
7:02 – Taxes
Read more: https://silverman-associates.com/saving-with-silverman-podcast
Delayed gratification is a difficult skill to master and that’s just as true with financial matters as it is in the other areas of your life. Let’s talk about some instances where you might be faced with a choice of being satisfied now or satisfied later.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-46-how-delayed-gratification-can-help-your-finances
What we discuss in this episode:
1:00 – Budget vs. 401k match
2:26 – Deduction vs. tax planning
4:18 – Social Security
Psychologists have determined that retirement is the 10th most stressful event that you can experience in life. Today we’re sharing some ways to proactively deal with that stress.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-45-how-to-deal-with-financial-stress-in-retirement
What we discuss in this episode:
1:06 – Lifestyle changes
2:08 – Retiring earlier or later
3:01 – New challenges
3:53 – Keep options open
4:50 – Sense of perspective
In today’s mailbag, we’re answering your questions. Carl wants to know if he can gift $150,000 to his daughter. Laura wonders what she should do with her money after retirement. And Eddie is debating whether to hire a financial advisor.
Read more and get additional financial information: https://silverman-associates.com/saving-with-silverman-podcast/ep-44-mailbag-gifts-to-children-money-after-retirement-hiring-advisors
What we discuss:
0:33 – Gifting money to daughter
2:37 – Roll to an IRA?
4:05 – Hire an advisor?
Let’s talk about some of the red flags that people can look out for when they’re shopping for a financial advisor. Have you ever met with one of these types?
Read more and get additional financial information: https://silverman-associates.com/saving-with-silverman-podcast/ep-43-manufactured-anxiety-or-worth-the-worry
What we discuss:
1:00 – Social Security going broke?
2:47 – National debt out of control?
3:34 – Climate change a serious problem?
4:43 – Economy grind to a halt?
5:49 – Stock market crash coming?
Let’s talk about some of the red flags that people can look out for when they’re shopping for a financial advisor. Have you ever met with one of these types?
Read more and get additional financial information: https://silverman-associates.com/saving-with-silverman-podcast/ep-42-red-flags-with-questionable-advisors
What we discuss:
0:51 – Hammer
2:51 – Oxygen hog
3:55 – Car trunk
5:39 – Empty suit
6:41 – Non-answerer
8:48 – Just give us your money
Almost everyone has made investment mistakes at some point. We’ll share how to bounce back from mistakes and avoid making them again in the future.
Read more and get additional financial information:
https://silverman-associates.com/saving-with-silverman-podcast/ep-41-moving-on-from-investing-mistakes
What we discuss:
0:58 – What caused it?
2:07 – Increase savings
3:09 – Recalibrate your goals
4:42 – Get a real plan in place
Today we’re opening the mailbag and taking your questions about long-term care insurance, inheritance, and pension options. Is it OK to rely on a promised inheritance? What should you do if you’re too young to retire but are losing your job? We will discuss all of this today.
Read more and get additional financial information: https://silverman-associates.com/saving-with-silverman-podcast/ep-40-mailbag-long-term-care-insurance-inheritance-and-pension-options
What we discuss:
0:44 – Long-term care insurance
2:21 – Pension options
3:59 – Retirement money
There are certain retirement planning principles that apply to everyone, regardless of who you are, how much money you have when you’re retiring, or where you live. We are going to discuss some of these universal principles and what you can learn from them.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-39-universal-retirement-truths
What we discuss on this episode:
1:00 – Income plan
2:09 – Long-term care
4:06 – Timing the stock market
5:32 – Longevity
We talk about financial planning all the time, but plans aren’t concrete. You need to have some flexibility as the years pass. Today, we’ll share how to rebalance your portfolio and why it’s important.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-38-why-and-when-to-rebalance-your-portfolio
What we discuss on this episode:
0:47 – Rebalancing
2:04 – How often to rebalance
2:49 – Younger versus older
3:30 – Investment vehicles
4:28 – How long Mark has been doing this work
5:33 – Personal story
What is your biggest financial fear? There are some very common ones. We’ll explain how to help people address these fears in their retirement plan.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-37-facing-your-financial-fears
What we discuss on this episode:
0:45 – Running out of money
2:17 – Nursing home care
3:18 – Taxes
4:40 – Relying on kids
5:22 – Advisors
Getting through retirement can be a lot like running a marathon. We’ll share some of the similarities on this episode so you can make sure you training is on track.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-36-the-retirement-marathon
What we discuss on this episode:
0:53 – Planning and preparation
2:45 – Proper diet
4:13 – Don’t start too fast
On today’s Saving With Silverman podcast, Mark Silverman CFP® explains why you never want to make emotional decisions about your money.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-35-how-to-avoid-emotional-decision-making-with-your-finances
What we discuss on this episode:
1:28 – Types of emotion
3:18 – Mistakes
4:21 – Taking emotions into account
6:25 – Math and emotional needs
8:05 – Introductory phone call
Today we’re talking about famous last words. In the financial world, there are several famous last words that you don’t want to be your last.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-34-famous-last-words-in-the-financial-world
What we discuss on this episode:
0:47 – Keep doing what I’m doing
2:57 – Cash
4:20 – Living past 75
5:34 – Don’t want a nursing home
7:08 – I can always go back to work
Today we’re talking about Social Security misunderstandings. People are often confused about how it works and how it will work for them.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-33-social-security-misunderstandings
What we discuss on this episode:
0:47 – Going broke
2:12 – Starting Social Security early
2:59 – Delaying Social Security
4:16 – Social Security Administration
4:52 – You don’t have to pay taxes
On today’s Saving With Silverman podcast, Mark Silverman CFP® explains diversification. Most people we talk with don’t even understand what it is or why it’s important. Some people think it’s just a mutual fund or a ton of different mutual funds.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-32-diversification-what-is-it-and-why-do-you-need-it
What we discuss on this episode:
0:39 – Defining diversification
1:28 – How much emphasis
3:09 – How Mark defines it
4:18 – Too diversified
5:28 – Making portfolios better
On today’s Saving With Silverman podcast, Mark Silverman CFP® explains some of the different types of financial risks that people have in their portfolios and how to be on the lookout for it.
Read more and get additional financial resources here:
What we discuss on this episode:
0:52 – Market risk
2:05 – Interest rate risk
2:58 – Inflation risk
3:57 – Health care risk
5:26 – Longevity risk
Some people don’t care about leaving a financial legacy to their family, but for those who do, it’s important to eliminate some of the common estate planning mistakes. We’ll explain what they are.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-30-dont-make-these-estate-planning-mistakes
What we discuss on this episode:
2:35 – Failing to plan for expenses
3:49 – Failing to update beneficiaries
5:12 – Failing to avoid conflict and litigation
6:37 – Transferring real estate
8:06 - Taxes
On today’s Saving With Silverman podcast, Mark Silverman CFP® explains why your 401k is far from perfect as a retirement savings tool. This also applies to your 403b, TSP or 457 plans.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-29-watch-out-for-these-weaknesses-in-your-401k-plan
What we discuss on this episode:
1:00 – Administrative costs
2:10 – Mutual funds
3:34 – Limited asset classes
4:25 – Subpar conservative investments
The final decade of your working life is crucial to your success in retirement. We’ll explain why you need to know your numbers and how flexibility is key to winning with money.
Read more and get additional financial resources: https://silverman-associates.com/saving-with-silverman-podcast/ep-28-5-financial-tips-for-your-final-decade-of-work
What we discuss on this episode:
1:19 – What’s important?
2:44 – Knowing your numbers
4:40 – Estimate your income streams
6:37 – Health care
8:40 – Be flexible
Fewer and fewer companies are providing pensions these days. Unless you work for the government or a university, most people don’t have pensions. We’ll explain why they’re no longer very popular.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-27-what-are-pensions-and-why-are-they-not-as-popular
What we discuss on this episode:
0:31 – Fewer companies providing pensions
1:21 – Lack of a pension
2:35 – Pension buyout
3:30 – Planning for inflation
Mutual funds have long been the most popular way for people to invest, but that landscape is changing. We’ll explain what mutual funds are and the different types.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-26-mutual-funds-what-are-they-and-how-do-they-work
What we discuss on this episode:
1:22 – Clients with mutual funds
2:06 – Expense ratios
3:20 – Loaded mutual funds
5:20 – Tax issues
6:23 – Should mutual funds be eliminated?
7:23 – How often does Mark use mutual funds?
There’s a lot of confusion out there about annuities, probably because there are different types that do different things. We’ll explain what they are and how they work.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-25-what-are-annuities-and-how-do-they-work
What we discuss on this episode:
1:55 – Immediate annuity
3:25 – Fixed annuity
4:01 – Variable annuity
5:15 – Fixed index annuity
6:53 – Annuities Mark uses
8:03 – Using annuities to meet financial goals
This show is all about planning for retirement and making sure you’re doing it the right way so you can have the kind of retirement lifestyle you always dreamed of. Today we’ll share what the stages are.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-24-stages-of-retirement-planning
What we discuss on this episode:
1:30 – 15 years before retirement
3:13 – 10 years before retirement
5:16 – 5 years before retirement
7:21 – The day you retire
9:45 – 5-10 years after retirement
How much do you know about taxes in retirement? It’s an important topic that can make a major difference in your finances.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-23-what-to-know-about-taxes-in-retirement
What we discuss on this episode:
1:39 – Assuming taxes will be lower
2:52 – Strategies to improve taxes down the road
4:51 – Bad tax mistakes
6:02 – A tax planning strategy that made a difference
Does your financial advisor look at your tax returns? What about the fees in your investments? We’ll explain how your advisor should be helping you.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-22-things-your-financial-advisor-should-be-doing-for-you
What we discuss on this episode:
0:57 – Reviewing tax returns
2:49 – Evaluating fees and costs in investments
4:00 – Discussing and planning retirement income
6:02 – Clarify target and goal for invested dollars
7:32 – Reviewing family goals and legacy plans
On today’s Saving With Silverman podcast, Mark shares some of his favorite and not-so-favorite financial stocking stuffers.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-21-would-you-like-these-financial-stocking-stuffers
What we discuss on this show:
0:45 – Variable annuity
2:02 – Apple stock
2:43 – High yield bonds
3:30 – Whole life insurance policy
5:08 – S&P 500 Index ETF
5:50 – Indexed annuity
7:40 – Long-term care insurance
On today’s Saving With Silverman podcast, Mark explains how to pick the right financial advisor. Find out why you should invest time in this crucial process.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-20-how-to-pick-the-right-financial-advisor
What we discuss on this show:
1:52 – How to find the right advisor
4:37 - Warning signs
5:53 - When an advisor doesn’t fit you anymore
7:29 – Sticking with the wrong advisor for too long
9:12 - What to look for when choosing an advisor
On average, women outlive men and often have more financial struggles later in life. On today’s show we’ll talk about what challenges women face and how to improve their finances.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-19-financial-challenges-for-women
What we discuss on this show:
1:15 – How involved are women with retirement planning?
3:50 – Why do so many retired women have financial problems?
4:44 – Challenges faced by widowed women
6:10 – Recommendations for husbands
7:41 – Mark shares personal stories
Just like technology changes and becomes outdated, so does some retirement planning strategies. Let’s look at five financial strategies that have become obsolete.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-18-five-outdated-financial-strategies
What we discuss on this show:
1:21 - The 4% rule
2:04 - The 10/5/3 rule
2:49 - Move money from stocks to bonds as you get older
4:15 - $1 million retirement target
5:14 - You’ll need less money in retirement
As life spans continue to increase, so does the need for more money later in life. Find out how to plan financially for a long life.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-17-can-you-afford-to-live-a-long-life
What we discuss on this show:
1:48 – Our oldest client
2:50 – Why do we talk about longevity as a risk?
4:22 – Why most people haven’t addressed the issue
5:30 – How to help someone worried about running out of money
6:48 – Our 5-step financial planning process
Are 401K loans a good idea? What about rollovers? How much should I contribute? Get answers to these and other common 401K questions.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-16-answers-to-common-401k-questions
What we discuss on the show:
0:40 – 401K advice from company reps
1:47 – 401K loans
2:46 – 401K rollovers
3:49 – Target date funds
4:39 – How much should I contribute?
5:54 – Roth vs. Traditional
7:06 – Contact Mark
Let’s talk about tax planning. The subject seems to get ignored by a lot of advisors. We explain why it’s an important conversation to have.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-15-the-importance-of-tax-planning
What we discuss on the show:
2:42 – Roth conversions
3:41 – Social security
5:00 - Required minimum distributions
5:57 – National debt
6:59 – Higher taxes are inevitable
7:52 – Get in touch with Mark
Different accounts have different types of tax consequences. We’ll explain the advantages and disadvantages of the accounts and how you use them.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-14-what-are-the-tax-consequences-of-different-accounts
What we discuss on this episode:
0:49 – Tax-deferred accounts
1:53 – Tax-free accounts
2:46 – Taxable accounts
3:42 – CDs
4:21 – Life insurance
5:11 – Meet with Mark
What will it take to keep up with your lifestyle and goals in retirement? Income! What are some sources of predictable retirement income and what should you do with it? Let’s explore a topic that everyone feels strongly about.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-13-creating-predictable-income-in-retirement
On today's show:
1:12 - What retirement incomes do people assume are predictable?
2:43 - Is there really such a thing as “guaranteed income”?
3:45 - What does it look like when you rely too much on the stock market?
4:39 - What do you do with inflation?
5:39 - How is a reliable income possible to achieve?
Maybe it’s too many months of quarantine, too much cable news or too much social media, but people have a lot of anxiety right now. Mark explains why you should just calm down.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-12-everybody-just-calm-down
On today's show:
0:46 – Question 1: Money in the bank?
2:36 – Question 2: Money in the market?
3:51 – Question 3: Pay more for a vacation?
5:50 – Question 4: Buy gold?
6:55 – Question 5: Collect social security?
While it’s easier to pretend you won’t have to worry about it, one day you or your spouse will pass away. What happens to your financial plan and assets when it does?
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-11-what-happens-with-your-money-after-the-death-of-a-spouse
Today's show schedule:
0:46 - What is someone most concerned about financially after losing a spouse?
2:52 - What are the immediate challenges after one spouse passes away?
3:52 - You may have a major reduction in income.
5:47 - What does it look like to be in a bad position after a spouse dies?
7:07 - What’s an example of someone who was left in a good place financially?
Do you understand the ins and outs of these financial terms that have been circulating due to the impact of coronavirus? How might your own financial plan need to shift as a result?
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-10-financial-vocabulary-to-know-during-coronavirus
Today's show schedule:
1:05 - What’s the difference between a recession and a depression?
1:56 - What is the VIX?
3:39 - Have you heard of tax loss harvesting?
5:42 - Do index funds help?
6:20 - How often should you rebalance?
As you near retirement, you want all of your ducks in a row instead of dealing with the mess caused by these classic financial mistakes. Are you making smart decisions?
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-9-classic-pre-retiree-mistakes
Today's show schedule:
1:02 - Investing at 59 the same way as at 39 years old.
2:14 - Starting Social Security without a plan.
4:09 - Focusing on tax prep but not tax planning.
5:30 - Assuming healthcare needs will be covered by Medicare.
6:07 - Taking on additional risk to make up for lost time.
Whether you’ve heard his radio show on accident or know his baby steps by heart, you’ve probably heard of Dave Ramsey. But should you heed some of the advice he's giving? Let's take a look at some of the things he promotes.
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-8-should-you-be-wary-of-dave-ramseys-advice
Today's show schedule:
1:46 - Does Mark agree with the debt snowball?
3:57 - Should you just invest in mutual funds?
6:41 - Can you really expect a 12 percent return on your investments?
8:08 - Should you stop saving for retirement while getting out of debt?
11:59 - What does Dave Ramsey say that is good to follow?
With all of the changes in the market and in the workplace lately, have you avoided making financial decisions? Are you still working toward your financial goals or are you facing a bit of pandemic paralysis?
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-7-are-you-suffering-from-pandemic-paralysis-with-your-finances
Today's show schedule:
1:10 - “The market has been so volatile; I’ll stop putting money into my 401(k).”
2:47 - “There’s no point in making a financial plan now since everything keeps changing.”
3:57 - Do you want more information about what’s happening with coronavirus and your finances?
4:47 - “I was planning to retire this year, but now I guess it’s pushed back indefinitely.”
5:55 - “I just ignore my accounts altogether.”
Do you know the difference between a traditional IRA or a Roth IRA? More importantly, do you know which one is a better fit for you and your retirement savings? We'll talk about the pros and cons of each on today's show.
Read more and get additional resources here: https://silverman-associates.com/saving-with-silverman-podcast/episode-6-should-you-be-contributing-to-traditional-ira-or-roth-ira
Today's show schedule:
0:58 - What’s best, a traditional IRA or a Roth IRA?
2:54 - Why have more people contributed to traditional IRAs instead of the Roth?
3:56 - Why is a Roth IRA so powerful?
4:38 - Who should contribute to a Roth IRA?
5:13 - Who should contribute to a traditional IRA instead of a Roth?
As we move through life, some things end of falling through the cracks. That happens with our finances as well because old accounts will often get forgotten about. Digging up an old 401k, life insurance policy, and other accounts can end up turning into hidden gems if you put them back to work. Let’s talk about how to do that.
Read more and get additional resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-5-old-accounts-could-turn-into-hidden-gems
Today's show rundown:
1:12 – Finding an old 401k
2:12 – An old life insurance policy you’ve been playing on. What can you do with this?
3:31 – Savings accounts, money market, or a CD
4:33 – Changing jobs often makes you forget about old pensions.
5:34 – How we’ll help you find these old accounts and put a plan together.
Roth conversions are becoming more and more popular as a retirement planning tool, but how much do you know about them? Today we’ll try to give you all the key information about Roth conversions so you can start determining if it’s a strategy that might work for you.
Read more and get additional resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-4-what-is-a-roth-conversion
Today's rundown:
0:55 – What is a Roth conversion and why is it worth considering?
3:10 – Why might he Roth conversion be especially helpful for people with high incomes?
3:36 – Are there any common mistakes that you see people make with this?
4:10 – Who might benefit from this strategy?
5:20 – What about someone that shouldn’t do a conversion?
6:10 - What else will you discuss with clients alongside Roth conversions?
Building a financial plan can be done on your own, but there’s a much greater chance of making a mistake. Without having a professional to provide you with solutions and help you craft a strategy that fits your needs, you put yourself at risk of following bad advice or overlooking important aspects of a comprehensive retirement plan. Let’s look at four common mistakes we see investors make and what you can do to avoid them.
Get the show notes and additional resources here: https://silverman-associates.com/saving-with-silverman-podcast
Today's show rundown:
0:51 – The first mistake we see is people believe bonds are a completely safe investment.
2:11 – The second mistake is not protecting yourself from long-term care needs.
3:47 – The third mistake is not protecting yourself from market decline.
5:11 – There are many tools and strategies that you can use during the planning process.
6:16 – The fourth mistake is not having a plan at all.
Of course, we all want a healthy bank account. Having a good amount of dollars within easy grasp is helpful in the case of emergencies or for medium-sized purchases where you don’t want to have to liquidate assets. But is it counterproductive to have too much cash on hand? We’ll explore that idea and other pressing questions about the role that cash plays in financial and retirement planning.
Check out the show notes and get additional resources here: https://silverman-associates.com/saving-with-silverman-podcast
Today's show rundown:
1:22 – How much cash do we generally recommend people keep on hand?
3:07 – How do you come up with total for an emergency fund?
4:23 – Why do people typically end up keeping too much money in cash?
5:28 – Here are ways you can invest more efficiently without taking on all the risk of the market.
7:18 – What we talk about with clients during that introductory 20 minute meeting.
You’ve heard us on radio for a while but we’re excited to return to the world of podcasting to give you even more ways to listen and learn about financial planning. Today we’ll kick off the very first episode by getting to know more about Mark Silverman – his life, his career, and what he loves about living and working in Tuscon, Arizona.
Today's show rundown:
1:32 – Let’s get to know more about the business. What does being a financial advisor mean to Mark?
2:54 – The day-to-day challenges of financial planning never get boring.
3:36 – Mark tells the story of how he got into the business.
4:10 – Gives us an idea of what financial planning looks like for your clients.
5:30 – What does Mark like most about being both an advisor and a coach?
6:32 – Tell us one thing you really want people to know about you.
7:40 – What does Mark like most about living in Tuscon?
8:36 – What’s the last place you visited?
9:14 – Why we decided to launch the podcast and what do we hope people will learn?
11:10 – Here are some of the topics we’ll cover on the podcast.
12:13 – Who is the ideal listener for this show?
Let’s talk about some of the common ways that people get in their own way when it comes to financial planning. Maybe some disturbing statistics will help us understand why this happens.
Let's learn about some of the landmark ages in retirement planning, as well as why life insurance might be a good fit for your needs.
Most people, when trying to plan their retirement, have to guess about the answers to some important questions. Let’s talk about some of those questions and why you need to have a better answer than just a guess. To help find these answers, let's help you recognize financial jargon that some advisors might try using on you.
Mark will help answer some questions that you can't answer for yourself. We'll also detail why hiring an advisor is in your best financial interest.
If you have kids, more often than not, they usually come up in the discussion when you’re talking about your retirement plans. Let’s talk about some of the ways that children sometimes end up being part of the discussion. We'll also fill in some blanks in your retirement plan.
We'll teach you the lies you learn in broker school as well as some important financial terms. We'll also examine how emotions affect your decision-making process and much more.
Join us as we seek to avoid cutting corners in retirement planning. Learn what you can do if you're arriving late to the retirement planning table.
While certainly none of our listeners would be guilty of making any of these unreasonable requests, let's talk about some of the unreasonable requests we sometimes hear. We'll also check in on your advisor.
What is risk aversion, and does it affect you? Find out what Mark has to say. We'll also cover the tax consequences of your investments.
This week, Mark will teach you how to tune up your financial plan, put your pride in check, and live the dream in retirement. That's right; you'd be surprised in what we can accomplish in under an hour.
Join us as we discuss the financial issues we tend to put off as well as the financial mistakes you could be making as a couple.
Think of Mark as your financial doctor. Hear what he would prescribe for some symptoms you may be experiencing. After that initial consult, we'll identify some red flags you should watch out for in your portfolio.
We'll teach you the lies you learn in broker school as well as some important financial terms. We'll also examine how emotions affect your decision-making process and much more.
Everyone has something they want to do or accomplish in retirement. Let's talk about your retirement goals. We'll also have a conversation on things that don't matter...until they do.
Your retirement will look much different than your parent's. Find out why. We'll also determine your spending personality.
Explore your inner desire to retire, set firm financial goals, and discover how to complete a roth conversion along the way.
Join us as we learn financial lessons from the world of medicine. Also, tell your advisor to give it to you straight. It's time we stop speaking in financial code. Say what you mean.
Your financial circumstances could have both positive and negative aspects. Learn about that double-edged sword. We'll also share with you everything you need to know about life insurance.
Don't flirt with disaster in your portfolio. Learn where danger could be lurking. We'll also play a game of "Fact Or Fiction."
Explore ancient Chinese wisdom, and discover whether times of financial crisis might actually be an opportunity. Finally, make sure you never make certain assumptions about retirement.
Learn financial lessons from some of the richest musicians in history. We'll also take a deep dive and examine pensions.
Get philosophical, and ponder important financial questions. Later, join us as we unpack long-term care.
Learn the different types of risk that could affect your portfolio, and get a gut reaction from Mark Silverman on some crucial statistics.
Mark will discuss some things that are never said about finances, as well as things in the investment world that could drive you crazy. Later, he'll answer some questions from listeners like you.
Ask yourself these questions to test your financial competency. We'll also unpack the concept of variable annuities.
Join us as we address your frequent questions about 401(k) accounts. We'll also help you set your expectations for your financial advisor.
Explore your inner desire to retire, set firm financial goals, and discover how to complete a roth conversion along the way.
Watch out for market volatility. We'll prepare you for the ups and downs on Wall Street. We'll also examine the power of hindsight and take a look at some stuff you just need to know.
In the spirit of the Olympics, learn how financial planning could be similar to your favorite event. We'll also dedicate a segment to your questions on houses and how they'll affect your portfolio. Finally, we'll explore how certain financial principles have become obsolete.
Make sure you're avoiding key behaviors that could ruin your retirement. We'll also discuss longevity and examine a recent case study on IRAs.
Wary of another market crash? Have no fear. Listen for our Market Crash Survival Guide. We'll also help you as you build your financial house and discuss financial challenges unique to women.
Stop clinging to false hope in your portfolio. Learn classic mistakes you could be making as a pre-retiree, and unpack the challenges you might face after the death of a spouse.
Learn to invest like a genius and determine whether you need a traditional or Roth IRA. Finally, let's make sure your financial actions are lining up with your words.
Discover what common mistakes you could be making in your portfolio. We'll also share some strategies that just don't work and listen to the wisdom of Mark Twain.
Here comes 2018! Kick off the new year with your own financial checklist. Later on, discover the hidden gems in your portfolio and take inventory of your biggest assets.
We'll tell you about the awkward conversations you might have with your advisor. We'll also keep you from sabotaging your financial health and correct your estate planning mistakes.
Retirement planning is like a crossword puzzle. Find out how one wrong "answer" will affect the rest of your retirement plan. Later on, life happens. Learn how different events should factor into your portfolio.
Getting lost is never fun. This week, make sure you don't get lost in your financial planning. We'll also confidently proclaim financial truth and discover the different stages of retirement.
Explore your inner desire to retire, set firm financial goals, and discover how to complete a roth conversion along the way.
Your advisor might be a great guy, but that doesn't mean he's the best fit for you. Learn why the nice-guy argument doesn't hold up, de-bunk some financial myths, and examine the missteps even responsible savers can make.
We'll teach you the lies you learn in broker school as well as some important financial terms. We'll also examine how emotions affect your decision-making process and much more.
Everyone likes a healthy bank account. Learn the value of keeping a little cash on hand. Guard yourself against financial media and start preparing your end of the year checklist.
Determine whether you're defensive when talking about retirement. Learn why mutual funds are out of style and whether debt is good in retirement.
Learn the different ways people inform themselves when making financial decisions. You'll also find out what the do-it-yourself mentality looks like in retirement planning.
We'll tell you about the awkward conversations you might have with your advisor. We'll also keep you from sabotaging your financial health and correct your estate planning mistakes.
Learn about the variables and constants that will affect your retirement. Make sure you're living your retirement without regrets.
Discover the connection between flying and your retirement plan. Prepare yourself for the next market crash, and learn why your last decade at work is so important.
Your advisor might be a great guy, but that doesn't mean he's the best fit for you. Learn why the nice-guy argument doesn't hold up, de-bunk some financial myths, and examine the missteps even responsible savers can make.
It's easy to procrastinate, but we'll show you the importance of urgency in retirement planning. We'll also play the blame game and do a little fourth quarter planning.
Find out what "financial security" could mean to you. Learn why your 401(k) isn't perfect. Finally, hear the stories of clients who have experienced disaster in their portfolio.
Make sure you're not consuming too much fake financial news. Learn about overrated and underrated financial tools.
Retirement is more than investments. Make sure your advisor is helping you navigate complex financial issues. We'll also discuss financial terms you should know and much more.
Pack your bags. This week, we're going on a road trip. We might even do a little financial fishing along the way.
It's time to face reality. Learn the reality of planning for retirement today. We'll also examine when you should retire. Finally, discover what safe money means to you.
Learn how to organize and utilize your financial junk drawer. Examine the pain points in your portfolio, and fight through the awkwardness when it comes to conversations about money.
Learn the different ways people inform themselves when making financial decisions. You'll also find out what the do-it-yourself mentality looks like in retirement planning.
This week, we're headed to the movies. Don't miss out as we take you through financial classics including 50 Shades of Gray Area and It's a Wonderful Life Expectancy.
We'll discuss some of the "shiny objects" that can distract you in financial planning. We'll also talk about what it means to be financially fit.
We'll talk about what it's like to be a financial client. We'll also do some financial problem-solving, and we'll discuss some of the wrong financial questions we hear people ask.
We'll examine the hidden expenses you might incur during the planning process. We'll also talk about times when it's important to be in tune with your emotions. Finally, we'll share our opinions on some popular financial debates.
We'll make sure your advisor is helping you navigate some key elements of retirement planning. We'll also explore some important financial terms and talk about what it means to take an "early retirement."
Fuzzy math can lead to unrealistic expectations in your retirement plan. We'll explain some common fuzzy math. We'll also discuss the difference in a financial plan and a sales pitch. Finally, we'll talk about some important questions to ask yourself as you begin to plan for retirement.
We'll discuss the unique challenges you could face. We'll also talk about some demographic statistics that might affect your planning process. Finally, we'll make sure you're being realistic as you're imagining retirement.
Putting together a financial plan can be overwhelming. We'll make it a little easier by helping you figure out the first steps. We'll also talk about the elements of retirement that you can and can't control. Finally, we'll discuss some assumptions about retirement planning you shouldn't make.
There's an almost endless list of retirement planning myths. We'll ty to debunk some of them. We'll also explain 401k rollovers and give some advice on market corrections.
When it comes to retirement planning, there can be several elephants in the room. We'll talk about how a good financial plan addresses these elephants. We'll also discuss the "glory days" of retirement planning and why things are much harder these days. Plus, do you have "Lazy Money" in your portfolio? We'll identify what lazy money looks like and how you can put it to work.
Retirement planning doesn't have to be complicated. We'll talk about why some people make it harder than it should be. We'll also talk about his and hers financial planning and the things we as professionals wish you knew.
Technology has changed the way we approach financial planning today. We'll talk about the pros and cons of these technological tools. We'll also explain how retirement planning is a little bit like going to the grocery store. Finally, we'll explore some of the lies we tell ourselves about our finances.
We'll uncover some of the little white lies in the financial world. We'll also talk about the excuses people make for their bad financial decisions. Finally we'll examine some ways to deal with the stress that comes along with retirement.
We get a lot of question about 401(k) accounts. Today, we'll spend some time answering those questions. We'll also determine whether you're an optimist or pessimist when it comes to retirement planning. Finally, we'll discuss the role of real estate in your financial plan.
Sometimes, you need to hear the truth when it comes to understanding your retirement. On this edition of the show, you're in for a reality check. We'll also give you some essential tips for income planning and discuss the financial decision-making process.
We'll talk about how a good financial plan addresses some of the important topics that are really like "elephants in the room." We'll also look back at the "glory days" of retirement planning and consider why things are harder these days. And, do you have lazy money in your portfolio? We'll identify what that looks like and tell you how you can get that money back to work.
We'll give you some tips for enhancing your approach to retirement. We'll also talk about the value of delayed gratification.