Our 2 Cents: Recent Episodes

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It’s Thanksgiving season! On this episode of Our 2 Cents, the Lewits share reflections on gratitude and what we can all appreciate this time of year. Tune in now!

1. Quotes of the Month:
   • “I’m stuck between ‘I need to save money’ and ‘You only live once.” – Anonymous
   • “You are never too old to set another goal or to dream a new dream.” – CS Lewis
2. A Financial Thanksgiving:
   • Beyond the food and festivities, how does gratitude influence the way you save, spend, and plan?
   • The Lewits explore what Thanksgiving traditions can teach us about our financial mindset.

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We return with another insightful episode of Our 2 Cents! On today's show, we’re bringing you quick hits and meaningful financial wisdom from an acclaimed columnist. Tune in now!

1. Gabriel's Quick Hits:
   • We officially say goodbye to the penny.
   • Will preparing for Thanksgiving be cheaper this year?
   • What would it take for mortgage rates to dip?
2. Pearls of Financial Wisdom:
   • Here are five key lessons we can learn from this legend of financial writing.
3. Getting to Know Steve and Gabriel:
   • What is your favorite sandwich?

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The holidays are just around the corner! On today's episode of Our 2 Cents, the Lewits share tips for living longer, how to avoid being scammed during your holiday shopping, and answer the latest listener questions. Listen in now for insights that last well beyond the season!

1. Ways to Live Longer:
   • Want to live to 100? Start your day right with these seven morning habits that boost longevity and energy.
2. Holiday Shopping Scams:
   • The holidays are a time for giving, not for getting scammed. Be on the lookout for these scams.
3. Listener Questions:
   • "I’m holding TQQQ, with covered calls expiring in December, January, and March. What impact do you think the tariffs will have on the NASDAQ?" — John
   • "I feel like I need to get some professional help with my retirement savings, but I also don’t want somebody to tell me that I need to roll every dollar I have in my 401(k) over to some product that’s for sale. Is that just how having a financial advisor works?" — Mary

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We’re back with another great episode of Our 2 Cents! On today's show, we’re diving into life-changing money moments, emotions, and personal debt. Tune in now!

1. Steve's Quick Hits:
   • Fed rate cut alert!
   • U.S. national debt climbs — latest figures show continued growth.
2. Life-Changing Money:
   • What is "life-changing money"? Here's what it means to these individuals.
3. Emotions and Your Investments:
   • Do your feelings belong in your financial plan?
4. Personal Debt:
   • The Lewits give you the inside scoop about debt and how to make it work for you.

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Spooktacular alert! Today on Our 2 Cents, the Lewits unmask what your Halloween costume says about your finances and their take on whether the AI boom is more illusion than innovation. Listen in now!

1. Your Costume Financial Persona:
   • Bold costume, bold spender? Or frugal in disguise? Let your Halloween costume reveal your money mindset.
2. AI Bubble?:
   • Is the AI buzz more of a trick or a treat? Hear what Steve and Gabriel think about all the AI boom chatter.
3. Quotes of the Month:
   • “Retirement is what you do between doctor appointments.” — Unknown
   • “The best way to teach your kids about taxes is by eating 30% of their ice cream.” — Bill Murray

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Keeping with our October theme, we're back with another edition of Our 2 Cents! In this episode, we explore unique ways to celebrate Financial Planning Month and uncover some fascinating money superstitions from around the globe. Tune in now!

1. October is Financial Planning Month:
   • The Lewits share practical tips to help you refresh and revitalize your finances this fall.
2. Money Superstitions:
   • Curious what financial folklore might be affecting your wallet?

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Spooky season has arrived on this episode of Our 2 Cents! We’re diving into the government shutdown and October market trends that are sure to give you chills. Tune in… if you dare!

1. Government Shutdown:
   • The Lewits break down the 5 Ws on the recent government shutdown and what this could mean for investors.
2. Spooky Trends:
   • Halloween spending is projected to hit an all-time high this year. Will you be splurging on extra decorations?
   • Is October a scary time for the market?
   • Jumping spiders are crawling onto the scene as the hottest new pet — just in time for Halloween.
   • Discover what this little blind-box monster is all about and why everyone’s raving over it!
3. Listener Question:
   • "I spent most of my career earning a steady low six-figure salary, but after joining a startup four years ago, my income is now 3-4 times higher. I’m excited but also unsure how to manage it wisely. I don’t want to waste this opportunity. What would you recommend?" — Tom

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A fresh episode of Our 2 Cents is here! On today's show, the Lewits kick things off with quick hits before unpacking everything you need to know about Income-Related Monthly Adjustment Amount (IRMAA). Don’t miss it! Listen in now!

1. Gabriel's Quick Hits:
   • Fed rate cut = big market moves ahead?
   • Can you guess the happiest state in America?
   • Major move for the Bears—get ready for their brand-new stadium in this suburb!
2. The Hidden Medicare Penalty:
   • Get the inside scoop on IRMAA and discover strategies to reduce this often-overlooked surcharge.

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Thanks for hanging in there with us! After a short break, we’re back with a brand-new episode of Our 2 Cents. Today, we’re exploring what's happened with gold over the past year and unpacking the thinking around downsizing in retirement. Tune in now!

1. Gold FOMO?:
   • Did you buy gold at Costco? The Lewits revisit gold prices and explore what to consider before making an investment.
2. Downsizing in Retirement:
   • We're testing the common beliefs around downsizing to help you decide if it’s the right choice for your retirement.
3. Quotes of the Month:
   • “Always borrow money from a pessimist. He won’t expect it back.” – Oscar Wilde
   • “Money is like manure. It isn’t worth anything unless it’s spread around.” – Brooke Astor

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Trust us, this one’s worth it! On today’s Our 2 Cents episode, we’re serving up gas station sushi, Powerball odds, and the bad habits you need to ditch ASAP. Listen in now!

1. The Gas Station Sushi Equivalent of Retirement Planning:
   • Some things in life are clearly risky like gas station sushi or an email from a Nigerian prince. Trust is a good thing, but in retirement planning, blind trust can be dangerous.
2. Are the Odds in Your Favor?:
   • Ever wonder how the odds of winning Powerball compare to other unlikely events?
3. Stop Doing These Things:
   • Stop the mistakes! Here are 5 crucial things Americans need to quit doing—before it’s too late.

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Your favorite podcast hosts are back with another great episode of Our 2 Cents! On today's show, the Lewits dive into fuzzy market math, bust common Social Security myths, and share a few fun insights about themselves along the way. Tune in now!

1. Do You Know Your Retirement Numbers?:
   • Missteps in your retirement math can be costly—here’s how to catch them before they derail your future.
2. Social Security Myths:
   • Not everything you’ve heard about Social Security is true. Let’s clear up the confusion.
3. Getting to Know Steve and Gabriel:
   • Are you superstitious about anything?
   • If you could go on a shopping spree anywhere, where would it be?

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What do you get when two amazing hosts break down the world of finance? A new episode of Our 2 Cents is back! Today, we’re diving into preparing for unexpected health costs, fun life tips, and giving you the latest inflation update. Listen in now—your future self will thank you!

1. When a Health Crisis Hits:
   • The Lewits uncover healthcare money moves and why preparing for the unexpected is essential in retirement.
2. Fun Life Tidbits:
   • 15 minutes a day of this exercise could boost your lifespan. Can you guess what it is?
   • Think you know how to make perfect bacon? We reveal the secret.
3. Inflation Update:
   • Find out what the latest inflation data means for your finances and whether it should raise concerns about your retirement.

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We took a short break, but we’re back with a special Back-to-School pop quiz! In this episode, we tackle an important listener question, share some quick insights on estate planning, and have a little fun along the way. Turn on your listening ears and tune in!

1. Back To School Retirement Planning Quiz:
   • Put your retirement knowledge to the test—will you score an A+?
2. Listener Question:
   • "I have approximately $1,400,000 in tax deferred accounts (401k, IRA). I want to get all of that money into a Roth via rollover within the next 2-3 years. Every person I talk with tells me to convert gradually. But, we are all one day closer to our date of passing. Don't you think I am better off doing a Roth conversion sooner and pay the taxes now rather than later?" — Scott
3. Estate Planning Report:
   • Do you have an estate plan in place? Discover what this new report reveals about investors and the truths of wealth transfer.

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Welcome to this edition of Our 2 Cents, where wealth meets Wimbledon! This episode, we serve up surprising parallels between tennis and retirement planning. Then, a quick update on the economy and recent changes to the Affordable Care Act (ACA). Are you ready to game, set, match your way to financial success? Listen now!

1. The Financial Spin on Wimbledon Wins:
   • Winning Wimbledon takes strategy and grit—just like retirement. Whether you love tennis or not, there’s plenty retirees can learn from the world’s best players.
2. This Food Makes You Happier:
   • Discover this delicious food researchers found boosts happiness and lowers stress.
3. U.S. Economy Starts to Regain Its Stride:
   • A quick look at the latest updates on consumer and business confidence, spending trends, and more.
4. Affordable Care Act Changes:
   • Learn about key ACA updates, including what’s changing, what might be ending, and how it could affect your coverage and costs.

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On today’s show, the Lewits keep the bond series rolling with more insights and a deeper dive into this investment option. They also explore the evolving world of crypto and future legislation implications. We’ve got plenty to dive into, so jump in now using the link below!

1. Quotes of the Month:
   • “Don’t simply retire from something; have something to retire to.” – Harry Emerson Fosdick
   • “People say that money is not the key to happiness, but I always figured if you have enough money, you can have a key made.” – Joan Rivers
2. Back to Bonds Part 2:
   • Next up in this bond series, Steve and Gabriel break down the different types of bonds, explain how ratings work, and explore bond funds you should know about.
3. The Crypto Wave:
   • Recently, Congress passed the GENIUS Act, the first major U.S. crypto law, focused on regulating stablecoins.
   • Discover how new crypto bills are shaping increased regulations, even as critics raise concerns about the risks in this evolving financial landscape.

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On the podcast today, we're diving into changing home values, the psychology of feeling wealthy, and kicking off a two-part series all about bonds. There’s a lot to unpack, so listen closely and tune in now using the link below!

1. Gabriel's Quick Hits:
   • Find out the top 10 cities where home prices are surging.
   • Think you’re feeling wealthy? Here are the magic numbers behind financial comfort.
2. Getting to Know Steve and Gabriel:
   • Have you ever walked out in the middle of a movie?
   • What's something funny that you do when you're alone?
3. Bond Basics:
   • The Lewits are talking all things bonds, covering how they work, what happens when you buy one, and why they matter to your financial future.

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Our 2 Cents is back! In this episode, we’re breaking down key tax provisions inside the “One Big Beautiful Bill Act,” diving into the latest on new tariffs, and answering a special listener question from one of our very own clients. Tune in now using the link below!

1. One Big Beautiful Bill Act (OBBBA):
   • With the Big Beautiful Bill officially passed, the Lewits are here to walk you through what it means for your finances.
2. New Tariffs:
   • Trump unveils a new wave of tariffs. Find out which countries are affected.
3. Listener Question:
   • "What should I be aware of when buying or thinking of buying a second home? — Colin, SGL Client

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Our 2 Cents is back with an eye-opening episode diving into retirement readiness and target-date funds. Tune in to test your retirement income knowledge and gain some valuable insights along the way. Listen in now using the link below!

1. Retirement Financial Literacy Quiz:
   • Most Americans struggled to answer these 6 basic retirement planning questions. How do you think you’ll score?
2. Target-Date Funds:
   • Should you invest in a target-date fund? We’re breaking down the pros, cons, and whether it’s the best move for your retirement plan.

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What do you get when you combine two great hosts with financial wisdom? Our 2 Cents, of course! Today, we dive into how to spot and avoid unreliable online financial advice — plus, stick around for the ultimate guide to condiment storage. Listen in now using the link below!

1. Quotes of the Month:
   • “Money won’t make you happy…but everyone wants to find that out for themselves.” – Zig Ziglar
   • “Money isn’t everything but it sure keeps you in touch with your children.” – J. Paul Getty
2. Burned by Online Financial Advice:
   • Don’t let bad online advice drain your wallet. Always double-check your sources and trust the experts who’ve got your back!
3. Ketchup in the Fridge or Pantry?:
   • Great meals start with the right condiments and knowing how to keep them fresh makes all the difference.
4. Listener Questions:
   • I’ve heard I should roll my 401(k) into an IRA for more investment options, but my 401(k) has been doing well lately. Why move it? – Kelly
   • I counted up the mutual funds in my IRA, and it appears that I have 33 different funds. Is that adequate diversification? – Richard

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It’s everyone’s favorite financial podcast, Our 2 Cents, back with a brand-new episode that’ll get inside your head (in the best way)! We start by unpacking the rising cost of fast food, then dig into the surprising mental habits that influence how we view and manage our savings. Tune in now using the link below!

1. Gabriel's 'Quick Hit':
   • Take a closer look at how fast food has gone from affordable to almost a luxury, with the numbers to back it up.
2. The Psychology of Money:
   • How do your early experiences with money still influence the way you handle finances today?
   • Is your confidence with money based on knowledge—or just comfort with your habits?
3. Are you Saving Too Much For Retirement?:
   • Saving aggressively is good, but saving too much might limit your ability to enjoy life today.
   • The Lewits share key warning signs and offer insights on how to navigate financial decisions with better balance.

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It’s time for a brand-new episode of Our 2 Cents! We’re kicking things off with some penny news and a little feel-good energy to start your day right. Then, we’re diving into the world of private equity coming to your 401(k)s. Listen in now using the link below!

1. Gabriel's 'Quick Hits':
   • What happening with the penny? Will they be gone for good?
   • Discover the countries where your dollar stretches the farthest—perfect spots to consider for your next vacation.
   • Learn how some dogs are traveling... for school!
2. Private Equity 401(k) Push:
   • What exactly is private equity, and is it a smart addition to your investment portfolio?
   • With private equity aiming to enter 401(k)s, what are the potential risks and rewards?

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Thanks for joining us for a new episode of Our 2 Cents! For today's show, Steve and Gabriel continue their conversation about kids and finances, providing helpful tips for stepping into the financial world. They also share valuable tax prep insights, along with a quick look at the "Big, Beautiful Bill." Tune in now using the link below!

1. Financial Foundations for Recent Grads:
   • Dive into practical tips every recent grad needs to confidently manage money, build credit, and start investing for the future.
2. Getting to Know Steve and Gabriel:
   • How many hours do you get to the airport before a flight?
   • How well can you write in cursive?
3. Post-Tax Season Tips:
   • Check out these 5 essential tax strategies to optimize your refund and prep ahead for a stronger financial future.
4. The "Big, Beautiful Bill":
   • The Lewits unpack the potential effects of proposed new legislature and what this might mean for your finances.

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Welcome back to Our 2 Cents! In this episode, Steve and Gabriel pick up where they left off last week—diving deeper into how to financially support your children. From key savings benchmarks and little robots to smart advice from a financial guru, they’ve got you covered. You don't want to miss this. Listen in now using the link below!

1. Savings Benchmarks:
   • Learn how age and salary-based savings benchmarks can be a valuable tool for tracking your retirement progress.
2. Gabriel's 'Quick Hits':
   • Where in America can you stretch your retirement dollars the furthest and live your golden years in style?
   • As we move closer to an AI-driven future, Walgreens is going private and letting robots take over your prescriptions.
3. Money Guru Financial Advice:
   • Discover 5 powerful tips to jumpstart your kids' journey toward lifelong financial success.

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In this episode of Our 2 Cents, the Lewits dive into the power of behavioral economics. They explore why many young adults are still living with their parents, the world’s oldest living person, and why retirees lean on guaranteed income over other assets. Tune in now using the link below!

1. Quotes of the Month:
   • I never did a day’s work in my whole life. It was all fun.” – Thomas Edison
   • “Money can’t buy you happiness, but it does bring you a more pleasant form of misery.” – Spike Milligan
2. When Living at Home Becomes the Norm:
   • Many Gen Z and millennials continue to rely on financial support from their parents.
   • Explore the key factors driving this trend, and find out where the highest number of young adults are still living at home.
3. A Remarkable Age Milestone:
   • Discover how old the world’s oldest living person is and how she's reached such an incredible age.
4. Retirees Afraid to Touch Savings:
   • Learn why so many retirees decide to rely mainly on guaranteed income sources instead of dipping into their other assets.

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Welcome back to another episode of Our 2 Cents! In this episode, Steve and Gabriel dig into frozen pizza sales, the gold-buying trend, and financial wisdom from Yoda. The Force is strong with this one — don’t miss it! Tune in now using a link below!

1. The Pepperoni (or Your Favorite Flavor) Pizza Index:
   • Everyone loves pizza, but not soaring prices. Discover why a rise in frozen pizza sales could be a subtle sign of economic slowdown.
   • Explore the projected trends for frozen pizza sales in 2025 and what they might reveal about consumer behavior.
2. Gold Rush:
   • Gold fever is catching on, but is it a smart move or just shiny hype? The Lewits dig into the reality behind the glitter.
3. Yoda-isms:
   • Yoda said it best. His timeless wisdom isn’t just for Jedi, it applies to your wallet too.
   • Learn how classic Yoda quotes become powerful financial lessons.
4. REAL ID Mass Hysteria:
   • While fear has many rushing to get a REAL ID before the deadline, we're here to explain how to keep calm and avoid the panic to get you back to travel relaxation

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Spring is in the air, and Our 2 Cents is here to help you start it right. In this episode, Steve and Gabriel share their tips for crafting the perfect cup of coffee, followed by the parallels between cleaning out your closet and organizing your money matters. Listen in now using a link below and give your spring a fresh start!

1. The Perfect Coffee Experiment:
   • Scientists uncover how to unlock bold coffee flavor using fewer beans—your perfect cup just got smarter (and more efficient)!
   • Discover what can help transform your coffee into the ultimate indulgence.
2. Financial Spring Cleaning:
   • The Lewits turn to professional organizer Marie Kondo to learn how her cleaning advice applies to your financial life.
   • Declutter your expenses and investments with an essential checklist for a more organized and stress free retirement.

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On this episode of Our 2 Cents, we strap in for a wild ride through the stock market—exploring the twists and turns of market timing—plus some quick-hit thrills that'll have you thinking bigger than ever. Tune in now using a link below!

1. Stock Market Clarity:
   • How do you navigate the ups and downs of today’s uncertain market?
   • The Lewits provide insightful advice for riding out market volatility and highlight the silver linings that can present better opportunities.
2. Gabriel's 'Quick Hits':
   • Explore the stunning features of the Burj Khalifa Penthouse for sale, which might just make its sky-high price tag worthwhile.
   • Universal Orlando Resort is unveiling a brand-new theme park, taking its immersive worlds to the next level—are you planning to make a stop on your next vacation?

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We're focusing on what tariffs, Social Security changes, and market volatility mean for your retirement plan on today's new episode of Our 2 Cents. Listen to Steve and Gabriel's discussion now using a link below!

1. Tariffs & Turbulence—Market Reactions and Smart Moves:
   • We breakdown the market’s drop following the announcement of new global tariffs.
   • A caution against emotional, short-term decisions like panic-selling.
   • And a reminder to revisit your long-term financial plans instead of reacting to headlines.
2. Social Security Shake-Up:
   • Updates and key dates you should know from the Social Security Administration.
   • How confusing changes are creating frustration for Americans and opportunity for scammers.
3. Is the Timing Still Right for a 2025 Retirement?:
   • A look at whether it’s still a good year to retire amid current market volatility.
   • Planning over timing—why a well-built financial strategy matters more than market ups and downs.

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Welcome back to Our 2 Cents with Steve and Gabriel Lewit! On today's show, the hosts explore key insights from 1099 forms and share powerful habits to boost your happiness. Listen in now using a link below!

1. Gabriel's 'Quick Hit':
   • Discover the key takeaways from the Fed's rate hold, recession predictions, and GDP analysis.
2. What You Can Learn from 1099 Forms:
   • Uncover how 1099s, though often seen as routine, can reveal crucial insights into your portfolio and tax efficiency.
3. Happy Habits:
   • Uncover the 10 habits of those who lead a truly happy and fulfilled life.

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We're excited to bring you another episode of Our 2 Cents! Today, the Lewits break down the latest stock market updates and uncover the surprising connections between March Madness and the world of finance. Listen in now using a link below!

1. Stock Market Updates:
   • Explore the current market conditions and the impact of new tariffs, understanding that fluctuations are inevitable and to avoid impulsive investment decisions.
2. Gabriel's 'Quick Hit':
   • Learn about the newly created woolly mice and explore whether de-extinction is a breakthrough or a cause for concern.
3. March Madness Money Lessons:
   • Uncover the parallels between NCAA tournament and stock picking, along with the valuable investment lessons they offer.

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We are back with a great episode of Our 2 Cents with Steve and Gabriel Lewit! On today's show, Steve and Gabriel answer a thought-provoking listener question and dive into everything you need to know about asset gifting to grandchildren. Listen in now using a link below!

1. Quotes of the Month:
   • "Money frees you from doing things you dislike. And since I dislike doing nearly everything, money is handy." – Groucho Marx
   • "Wealth consists not in having great possessions, but in having few wants." – Epictetus
2. Gabriel's 'Quick Hits':
   • Discover the current landscape of tariffs, shaped by ongoing trade tensions and evolving policies, and what it could mean for you.
   • Gain insights about the new tax bill recently passed by the House.
3. Listener Question:
   • "We've always dreamed of having a vacation home to visit several times a year once we're retired, and while I think we can afford it, I'm unsure whether to take out a mortgage on the vacation home, tap the line of credit on our primary home, or sell some investments to buy it with cash—how would you advise me?" – Terry
4. Gifting Assets for Your Grandchildren:
   • Explore various gifting options that can help build a nest egg for your grandkids.

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Welcome back to Our 2 Cents with Steve and Gabriel Lewit! On today's episode, the Lewits explore the dynamic world of financial content creators, followed by a quick recap of our Stock Market and Economic Update Webinar. Listen in now using a link below!

1. Gabriel's 'Quick Hit':
   • With discussions around overhauling the IRS, this tax season brings uncertainty and raises questions about the filing schedule.
2. The Finfluencer Phenomenon:
   • Uncover the worst saving advice from social media finfluencers (financial influencers) and why following their tips could cost you more than you think.
3. Market and Economic Outlook Webinar Recap:
   • Explore key themes for the 2025 financial year and where the market may be headed.
4. Getting to Know Steve and Gabriel:
   • If you had to pick a new career, completely unrelated to your current one…what would it be?
   • Do you believe in life on other planets?

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After a brief break, we’re excited to bring you a brand-new episode of Our 2 Cents! Today, Steve and Gabriel dive into smart tax strategies, share financial lessons from the Super Bowl, and tackle an interesting listener question. Listen in now using a link below!

1. It's Tax Season!:
   • Discover top tax strategies to streamline your preparation and ensure a stress-free, organized tax season.
2. Gabriel's 'Quick Hit':
   • Uncover a new scam involving unpaid tolls and learn about the dangers of smishing.
3. Financial Insights from the Super Bowl:
   • Explore insightful quotes from Coach Andy Reid, transformed into valuable lessons for achieving success in your retirement.
4. Listener Question:
   • “Given that I'm holding $350,000 in cash in my IRA, how long should I wait before reinvesting it if I'm anticipating a market crash?” – Marty

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Welcome to an informative episode of Our 2 Cents! On today's episode, Steve and Gabriel conclude our '5 Mistakes' series with a deep dive into tariffs and answering a pressing listener question. Listen in now using a link below!

1. 5 Mistake Special (Part 2):
   • Uncover 5 common vacation planning mistakes and discover smarter ways to make the most of your trip.
2. All About Tariffs:
   • Explore the economic ramifications of tariffs and their impact on trade, industry, and the global economy.
3. Listener Question:
   • "Given our plan to mutually care for each other in old age, except in cases of severe health decline, how much long-term care coverage do we really need?" – Holly
4. Quotes of the Month:
   • “It’s easy to meet expenses. Everywhere you go, there they are.” – Anonymous
   • “There’s a very easy way to return from a casino with a small fortune—go there with a large one.” – Jack Yelton

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We are back with another fantastic episode of Our 2 Cents! Today, Steve and Gabriel discuss the latest in cancer testing and take a look at what's happening with home and car sales. We're also kicking off a two-part series exploring common money mistakes. Listen in now using a link below!

1. Quotes of the Month:
   • “Money doesn’t change you. It reveals who you are when you no longer have to be nice.” – Tim Ferriss
   • “Success seems to be connected to action. Successful people keep moving. They make mistakes, but they don’t quit.” – Conrad Hilton
2. Gabriel's 'Quick Hits':
   • Explore the potential of a new cancer-screening blood test, examining its pros, cons, and price to determine its value.
   • Learn how soaring interest rates are contributing to a slowdown in home and car sales.
3. 5 Mistake Special (Part 1):
   • Discover 5 key mistakes to avoid in your investment portfolio and tips for improvement.

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Join us for this momentous 200th episode of Our 2 Cents! Steve and Gabriel commemorate this significant achievement, reflecting on their podcasting journey, and expressing their sincere appreciation to our loyal listeners. We then dive into the intriguing concept of 'snowbirds' as the winter weather takes hold. Listen in now using a link below!

1. Then vs Now:
   • Delve into the early days of Our 2 Cents and rediscover the initial themes and conversations that sparked our podcasting journey.
   • Explore our analytics to reveal intriguing data points about our podcast's trajectory.
2. Getting to Know Steve and Gabriel:
   • What have you learned over these past 200 episodes?
   • What's been the most surprising outcome of creating this podcast?
3. Snowbirds:
   • Uncover the allure of the snowbird lifestyle, explore top destinations, and key factors to consider before embarking on this seasonal escape.

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In today’s episode of Our 2 Cents, Gabriel kicks things off with a couple market updates and a message from the Surgeon General. Later, the Lewits dive into shifting negative financial thoughts into a more positive and empowering mindset. Listen in now using a link below!

1. Gabriel's 'Quick Hits':
   • Discover how the Consumer Financial Protection Bureau (CFPB) implemented a groundbreaking rule to eliminate medical debt from credit reports.
   • Gain insights into the Fed's latest advice for the stock market.
2. The Surgeon General's Heartfelt Message:
   • Hear what Surgeon General Vivek Murthy has to say to Americans citizens about safeguarding your well-being.
3. Money Transformations:
   • Learn how common negative thought patterns can be transformed into actionable financial strategies that lay the foundation for lasting success.

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We are back after a brief break with another great episode of Our 2 Cents! On today's episode, Steve and Gabriel discuss the latest Fed rate cut and the newly passed Social Security benefits bill. Then, they dive into how to shift your money attitude for a prosperous New Year. Listen in now using a link below!

1. Another Fed Cut:
   • Learn how the Federal Reserve's third consecutive 25-basis-point rate cut has fueled speculation about future economic prospects and the potential impact on money market accounts.
2. Social Security Fairness Act:
   • Identify which Americans will receive a substantial increase in Social Security benefits due to the recently enacted bipartisan legislation.
   • Determine which provisions within the Social Security system are being removed through this new law.
3. New Year's Financial Resolutions:
   • Examine your past money mindset and discover how applying new financial resolutions can transform your 2025.

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We are back with another "merry" episode of Our 2 Cents! Steve and Gabriel share an update on the winter solstice, marking the countdown to the holidays. They then share retirement tips that will be sure to spread holiday cheer. Next, as part of our cooking series, they offer expert tips for crafting the perfect sandwich. Finally, they discuss why rebalancing your portfolio is key to your financial well-being. Listen in now using a link below!

1. Embracing the Winter Solstice:
   • On Saturday, December 21st, the winter solstice will mark the shift to colder weather, bringing with it the promise of longer days and a bit more sunlight.
2. Financial Facts to Boost Your Holiday Spirit:
   • Discover uplifting financial facts that provide a clearer understanding of the current financial landscape.
3. No More Sad Lunches!:
   • Learn the secrets to crafting the perfect sandwich—yes, the right ratios make all the difference!
4. Rebalancing Your Portfolio:
   • Dive into the concept of rebalancing your financial portfolio and discover how it can positively impact your long-term financial growth.

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Welcome back to Our 2 Cents with Steve and Gabriel Lewit! On today's episode, the hosts share valuable financial insights tailored for the holiday season, which they refer to as “financial stocking stuffers.” Next, they discuss key updates on the S&P 500 and Google’s advancements in quantum computing. Finally, they examine the importance of time horizons and strategies for balancing risk in your financial portfolio. Listen in now using a link below!

1. What's in Your Financial Stocking?:
   • Uncover helpful financial tips that could be the perfect addition to your "financial stocking," helping you take meaningful steps toward a secure and confident retirement.
2. Gabriel's 'Quick Hits':
   • Discover what the 2025 S&P projection could mean for your financial plans and learn about the potential impact of Google's quantum chip.
3. Investing for a Defined Timeline:
   • Explore investment strategies across various time horizons to uncover financial solutions through risk-based opportunities.

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After a short break, we return bringing you another great episode of Our 2 Cents! In today's episode, Steve and Gabriel explore the challenges of retiring earlier than planned and delve into the dynamics—and potential tensions—when spouses retire at different times. Plus, we tackle an intriguing and detailed listener question you won’t want to miss! Listen in now using a link below!

1. Retiring Unexpectedly?:
   • Explore recent research that underscores the importance of planning for early retirement and highlights potential challenges you may encounter along the way.
2. When Spouses Retire at Different Times:
   • Discover how sudden lifestyle changes that accompany retirement can reshape relationship roles and dynamics.
3. Listener Question:
   • "What is a mega backdoor Roth 401(k) contribution?" - SGL Client

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We are back with another exciting episode of Our 2 Cents! In today's episode, Steve and Gabriel kick things off by answering some of our "Getting to Know Us" questions and explore the financial wisdom hidden in some classic game shows. Then, they unpack insights from David Blanchett, PhD, CFA, CFP®, on reporting differences between investors and financial professionals. Listen in now using a link below!

1. Getting to Know Steve and Gabriel:
   • Did your family ever pressure you to attend a certain school or pursue a certain career path?
   • What physical traits do you share with your relatives?
2. Financial Lessons from Game Shows:
   • We reveal the surprising financial insights we found in classic game shows—teaching lessons in strategy, risk, and reward beyond the bright lights!
3. The Insights You Didn’t Expect from Blanchett:
   • Through Blanchett's analysis, uncover surprising stats that highlight key disconnects between clients and financial pros.

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Welcome back to Our 2 Cents with Steve and Gabriel Lewit! On today's episode, the hosts share the most recent updates on the Fed, market trends, and key post-election takeaways. Then, they dive into some more top-of-mind financial wishes and review the current landscape of Roth conversions. Listen in now using a link below!

1. Gabriel's 'Quick Hits':
   • Explore the potential market impact of the recent Fed rate cut and what key insights to keep in mind as Trump takes office.
2. More of Our Financial Advisors' Wishes:
   • We're adding more wishes to the financial pros' wishlist with some fresh perspectives and strategies for listeners.
3. It's Roth Conversions Season!:
   • Discover if a Roth conversion is still a smart move for your portfolio as we evaluate the trajectory of tax rates.

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We are back with another great episode of Our 2 Cents! On today's episode, Steve and Gabriel share a quick update on the latest news and dive into the art of making the perfect scrambled eggs. Then, they explore some of the big wishes that are on our financial advisors' minds. Listen in now using a link below!

1. Mastering the Best Scrambled Eggs:
   • Learn multiple chefs' secrets to preparing the most fluffy scrambled eggs every time, so say goodbye to overcooked eggs and hello to breakfast perfection!
2. Financial Pros Wishes:
   • Discover our financial advisors' wishlist for savers and investors, designed to pave the way towards financial peace of mind.

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Welcome to back to Our 2 Cents with Steve and Gabriel Lewit! On today's episode, the hosts give Magic 8 Ball responses to top financial questions a chance. Then, they discuss Goldman Sachs's stocks prediction for the decade. Listen in now using a link below!

1. Magic 8 Ball Financial Guidance:
   • In the spirit of Halloween, we're seeking financial advice from a Magic 8 Ball because sometimes, a little mystery leads us to smart decisions.
2. Are You Afraid of Sachs's Stocks Prediction?:
   • Discover whether stocks are heading toward a "lost decade" and learn what actions you can take to protect your investments.

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Welcome to another fantastic episode of Our 2 Cents! On today's episode, Steve and Gabriel explore changes to some familiar financial opportunities and provide a broad overview of how presidential elections do or don’t impact financial markets. Then, they break down more financial wisdom from celebrities. Listen in now using a link below!

1. Gabriel's 'Quick Hits':
   • Learn how much the price of a Mega Millions lottery ticket is going up and what the 2025 Social Security COLA adjustment will be.
2. The Financial Impact of a Presidential Election:
   • In light of the upcoming election, uncover essential financial insights on U.S. presidential elections and market trends.
3. More Celebrity Financial Advice:
   • Explore more interesting celebrity quotes that we transform into thoughtful financial takeaways.

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Welcome back to Our 2 Cents with Steve and Gabriel Lewit. On today's episode, the hosts discuss some memorable companies that have closed their doors throughout the years. Then, they break down some valuable financial wisdom from the most unlikely of sources. Listen in now using a link below!

1. Gone Out of Business:
   • Uncover which of your favorites companies have gone out of business and the reasons behind their downfall.
2. Celebrity Financial Advice:
   • Explore some insightful quotes from famous celebrities that we transform into thoughtful financial takeaways.

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Steve and Gabriel are back with a new episode of Our 2 Cents where they discuss the impact of the Fed's interest rate cut on your financial outlook and address the key "what ifs" surrounding financial risk-taking. Then, they answer some insightful listener questions. Listen in now using a link below!

1. Fed Interest Rate Cut:
   • For the first time in 4 years, the Federal Reserve cut interest rates, marking a shift from their previous tightening to help stimulate economic growth.
2. Financial Risk-Taking:
   • Understand investor perspectives on financial risk-taking and explore effective strategies to address potential concerns.
3. Listener Questions:
   • "I recently remarried, and we both lost our previous spouses to cancer in the last five years. We’re in our late 60s, each with three kids, and he has more assets than I do. How can we ensure his kids inherit his wealth while also securing my financial future if I outlive him?" - Linda
   • "My 64-year-old husband wants to work another decade, but I think we have enough for him to retire sooner. I'd prefer to travel more. Is it worth debating, or should I just let him keep working?" - Beth

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Welcome back to another great episode of Our 2 Cents! On today's show, Steve and Gabriel share which former Chicago Bulls star finally found a buyer for his iconic mansion. Then, they answer the question on everyone's mind: How do financial advisors get paid? Listen in now using a link below!

1. Finally Sold:
   • After 12 years on the market, this 32,683-square-foot Highland Park estate, often remarked as a popular tourist destination, is now under contract with the selling price unknown.
2. How Do Financial Advisors Get Paid?:
   • Uncover the various pay structures of financial advisors and what they mean for your financial future.
   • Learn about the different types of financial advisors, their potential biases, and the pros and cons for each compensation model.

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After a brief break, we are glad to be back with another episode of Our 2 Cents with Steve and Gabriel Lewit! On today's show, the hosts dive into a bank "glitch" trend gone wrong and explain how some quirky phobias connect to the world of finance. Then, they share key tax planning strategies as the year comes to a close. Listen in now using a link below!

1. Chase Bank "Glitch":
   • A series of viral videos reveals how some individuals, believing they could withdraw free money from ATMs, were unknowingly engaging in check fraud.
2. Unusual Fears and Financial Planning:
   • Explore the hardest to pronounce phobias and how they can reflect some of the most common financial concerns.
3. Year-End Tax Planning Strategies:
   • Discover proactive steps to reduce your tax burden as we approach the end of the year.

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Welcome to another episode of Our 2 Cents with Steve and Gabriel Lewit! On today's show, the hosts unpack the latest with Required Minimum Distributions (RMDs) regulations. Then, they explain the significance of having a "retirement jersey." Listen in now using a link below!

1. New Rules to RMDs:
   • Explore the newly added and complex regulations surrounding RMDs, specifically related to inherited IRAs.
   • Gain insights on how to navigate these changes and their impact on your financial plans.
2. Your Retirement Jersey:
   • Discover how your retirement plan is like a football jersey—where every detail can shape your financial future.

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We are glad to be back with another episode of Our 2 Cents! On today's episode, Steve and Gabriel share some inspirational quotes of the month and answer some more of the most common "How Do You Know?" financial questions. Then, they explore big regrets many retirees have had. Listen in now using a link below!

1. Quotes of the Month:
   • "The successful warrior is the average man with laser-like focus." - Bruce Lee
   • "Worrying does not take away tomorrow's troubles, it takes away today's peace." - Randy Armstrong
2. How Do You Know?:
   • How do you know when you're financially ready to retire?
   • How do you know which retirement accounts (IRA, 401(k), etc.) are the best options?
   • How do you know if your retirement plan is tax-efficient?
3. Big Retirement Regrets:
   • Discover what 5 regrets retirees wish they could change and how to avoid making the same mistakes.

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Welcome to an informative episode of Our 2 Cents! On today's episode, Steve and Gabriel share the economic impact of hosting the Olympics and a lesson on how to avoid those pesky financial scammers. Then, they answer some common "How Do You Know?" financial questions. Listen in now using a link below!

1. The Cost of the Olympics:
   • Explore the advantages and disadvantages for countries hosting the Olympics and how this influences the infrastructure and lives of city residents.
2. The Red Flags of Financial Scammers:
   • Discover how one man's encounter with scammers devastated his retirement.
   • Learn the red flags to watch for to avoid falling victim to financial scams.
3. How Do You Know?:
   • How do you know how much income you'll need when you retire?
   • How do you know if the fees in your portfolio are too high?
   • How do you know if you can trust your advisor?
   • How do you know how much money you should have in your savings account?

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We are back with another great episode of Our 2 Cents with Steve and Gabriel Lewit! On today's episode, the hosts recap some key takeaways from their Mid-Year Market & Economic Update webinar and share the secrets to shedding stress in the world's "blue zones." Finally, they review how money can buy happiness or at least be a major contributor to it. Listen in now using a link below!

1. Mid-Year Market & Economic Update Webinar Summary:
   • Learn Steve and Gabriel's perspectives on the current stock market performance, various factors impacting the economy, and a potential bubble on the horizon.
2. Stress Less in Blue Zones:
   • Uncover the secrets from those who live in "blue zones" and what is contributing to their longevity.
3. Money CAN buy happiness:
   • Discover how this study's findings demonstrate how your financial income can be a driving factor to your happiness.

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Welcome back to Our 2 Cents with Steve and Gabriel Lewit! On today's episode, the hosts share inspirational quotes and reveal tips from a 104-year-old "Lobster Lady" on how she maintains her long life. Then, they tackle common financial fibs and how to overcome them. Listen in now using a link below!

1. Quotes of the Month:
   • "A goal broken down into steps becomes a plan. A plan backed by action makes your dreams come true." - Greg S. Reid
   • "Plan for what is difficult while it is easy, do what is great while it is small." - Sun Tzu
2. Tips for a Long Life:
   • Uncover the secrets to a long and happy life from the 104-year-old "Lobster Lady," whose longevity habits and passion for lobster trapping keep her thriving.
3. Money Fibs You Tell Yourself:
   • Discover the most common limiting beliefs about money and learn how to adopt a healthier financial mindset.

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After a short break, we return with another great episode of Our 2 Cents with Steve and Gabriel Lewit! On today's episode, the hosts explore the world of pensions and the various options they offer. Then, they explain the inside scoop with cash traps and answer some thoughtful listener questions. Listen in now using a link below!

1. Navigating Your Pension:
   • As pensions offer a variety of options, many individuals often ponder the advantages and disadvantages of opting for a lump sum.
   • Discover the differences between pension choices and ways to maximize your savings.
2. What is a Cash Trap?:
   • Learn the meaning of a cash trap and how tying up your funds now can affect future growth.
   • Gain insights into the advantages of adopting a broader perspective amidst periods of high inflation rates.
3. Listener Questions:
   • "I'm paying off my house soon and my pension, Social Security, and my husband's Social Security will add up to my monthly expenses amount. Should I stop putting more money in my 401k?" - Maria
   • "My mother recently passed and left me with an IRA with about $350,000 in it. What do I need to know about this account, and how should I invest it?" - Benny

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Welcome back to Our 2 Cents with Steve and Gabriel Lewit! On today's episode, the hosts share a harder part of owning a pet and the hidden costs of veterinarian practices. Then, with Independence Day coming up, they will explore what it truly means to be financially free to be able to achieve financial independence. Listen in now using a link below!

1. The Price of Being a Pet Owner:
   • As animal medicine becomes more high-tech, veterinarian prices increase, causing major concern for pet owners and their wallets.
   • Uncover how private equity firms are utilizing animal hospitals in a strategic yet deceptive way.
2. What is Financial Freedom?:
   • Learn the meaning of financial freedom and ways to achieve it with your budget and lifestyle choices.
   • Discover how to spend your earnings without feeling guilty and bound by financial burdens.

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After a short break, we return with another episode of Our 2 Cents with Steve and Gabriel Lewit! The hosts are excited to explore the economic effects of this heat wave and the new Illinois's DMV on-the-go program. Then, they discuss ways to manage those pesky RMDs. Listen in now using a link below!

1. The Economic Impact of 2024 Heat Wave:
   • As this year's scorching heat continues to increase, learn how this heat wave negatively affects economic growth and productivity for many industries.
2. Illinois's First Mobile DMV:
   • Hate waiting in long lines at the DMV and wish it could just come to you? With the Illinois's 'DMV on Wheels' program, your wish is coming true.
3. Managing RMDs Overview:
   • Discover multiple ways to approach RMDs and reduce RMD amounts that best suit your retirement needs.
   • Determine if a QLAC will be a helpful component in your retirement plan and what other alternatives are offered.

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Welcome back to Our 2 Cents with Steve and Gabriel Lewit! The hosts begin the show with their spin on some of Yogi Berra's famous quotes, then they discuss the possible revival of a tool that had a major impact on 2008 Housing Crisis. Listen in now using a link below!

1. Yogi-isms and 2024 Baseball Stats:
   • Discover legendary baseball player, Yogi Berra's "wise" words turned into financial advice including, "A nickel ain't worth a dime anymore." and "It ain't over 'til it's over."
   • Plus, a quick check-in on how well (or not well) the White Sox, Cubs, and Yankees are performing this baseball season.*
2. Housing-Bubble Era Comeback:
   • June is National Homeownership Month, so let’s take a look at a headline that immediately caught our attention.
   • History is repeating itself, as zero-down mortgages return, offering hope as well as risks.
   • Understand the implications of a no-down-payment home loan and how to determine if it is a good choice for you.

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Welcome to another great episode of Our 2 Cents with Steve and Gabriel Lewit! They are excited to share the cicada craze this year, how to not make any big financial decisions based on predictions, and their financial take on money management with some listener questions. Listen in now using a link below!

1. Cicada Emergence 2024:
   • Learn about the rare occurrence of two broods of cicadas appearing together at the same time this year and how they make their "lovely" screeching noises.
2. Morgan Stanley's Poor Predictions:
   • A Morgan Stanley exec went back on his own word for the S&P 500 target, as he realized the market did not take a turn for the worse.
   • Discover why it's in your best interest to not make a financial decision based a prediction.
3. Write-In Article Question & Listener Questions:
   • Write-In: "Do I continue with my current financial adviser or is it time to DIY?"
   • "I’m recently divorced and have just received money in a QDRO as part of our settlement. What are my options for what I can do with this money?" - Rebecca
   • "Should I continue with my 401k rollover or hold off since it’s performing well?" - Eric
   • "I’ll be receiving a settlement from a lawsuit and have some credit card debt and car loans that could be paid off entirely with the settlement, or I could invest the money instead. Do you have a recommendation?" - Alina

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We’ve got another new episode of Our 2 Cents for you this week! Steve and Gabriel kick things off with traveling advice you can use this summer. Then, they share some eye-opening cost comparisons underscoring the impact of inflation on our pockets. Listen in now using a link below!

1. Summer Travel Tips:
   • We've got the best time and destinations to travel this summer to make your vacation getaways a breeze.
   • Learn how to travel smart through cost-effective strategies to create an enjoyable, yet affordable trip.
2. Inflation Data in Perspective:
   • Recent data demonstrates that inflation rates have cooled just slightly, although still not where the Fed wants to be.
   • Can you believe this fast-food giant’s price increases over the last decade? Plus, their small attempt to bring back customers.
   • Understand 'shrinkflation' and how this country is taking a stand against such practices for the benefit of consumers.
3. Can You Really Get Paid to Move?:
   • Learn what a "relocation package" is and why some U.S cities are willing to pay you for moving.
   • Discover what interesting incentives are involved in relocating to these smaller locations.

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We are back this week with another episode of Our 2 Cents with Steve and Gabriel Lewit. They are excited to share how to work through the challenge of making financial decisions and the benefits of simplicity when planning for retirement. Listen in now using a link below!

1. The Difficulty in Financial Decision-Making:
   • Discover that people who view themselves as emotional thinkers have a more difficult time processing and making financial decisions.
   • Learn how reframing and using more practical thinking can better your approach to making decisions with your finances.
2. Gabriel's Quotes of the Month:
   • "It's not who you are that holds back, it's who you think you're not." - Denis Waitley
   • "Investing should be like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson
3. The Benefits of Simplicity in Investing:
   • Understand how diversification, patience, and time are keys to a simpler approach to investing.
   • How the concept of Bucket Planning can help you view your investments in a simpler to understand way.
   • While there are more complexities behind the scenes with Bucket Planning, the idea that you know the purpose and goals for each bucket can help simplify your investment decisions.

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Welcome back to this week's episode of Our 2 Cents with Steve and Gabriel Lewit. In this episode, the hosts share saving tactics useful for all ages and how inheritance does not have to be a difficult discussion. Listen in now using a link below!

1. Chicago Bears Update:
   • With the debut of the new Quarterback, there is renewed hope for this upcoming season.
   • The new Bears stadium causes uproar with mixed reviews and its use of taxpayer money.
2. Saving Strategies at Every Age:
   • In your 20s, develop a habit of saving in tax-free accounts and consider more aggressive investments.
   • In your 30s, navigate career growth and family planning through managing current expenses and financial goals.
   • In your 40s/50s, plan for the future while hitting your peak earning potential by hiring a financial planner.
   • In your 60s, ensure a peaceful retirement by being mindful of your spending.
3. Inheritance Conversations:
   • Learn how an open approach to discussing inheritance can lead to clarity and harmony among family members.

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We are back this week with a pensive episode of Our 2 Cents with Steve and Gabriel. They take a deep dive in discovering the magic number for retirement and explore a new AI invention that will having you thinking! Listen in now using a link below!

1. Gabriel's Quotes of the Month:
   • "I'm going to retire and live off my savings. What I'll do the second day, I have no idea." – Unknown
   • "A good plan, executed now, is better than a perfect plan next week." – George Patton
2. What's the Real Magic Retirement Number?:
   • Discover that the magic retirement number is not what you may think.
   • People tend to overestimate the amount they need to retire, and we'll share why that is.
   • We'll discuss how you can calculate your own retirement number.
3. Humane AI Pin:
   • Learn about the Humane AI Pin, a new artificial intelligence (AI) product designed to potentially replace your smartphone.

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Welcome back to a very "mindful" episode of Our 2 Cents with Steve and Gabriel. They are excited to explore the intriguing main topic of Money Mindfulness. Then, they offer insight into a controversial take on a question from a client. Listen in now using a link below!

1. Money Mindfulness: Cultivating Financial Peace:
   • Uncover practical techniques to harness the power of mindfulness in reaching your financial goals.
   • Learn to be present in your current financial situation to embrace self-awareness and mindful investing habits.
   • Take time to reflect and understand your feelings about your finances to achieve a prosperous wellbeing.
2. Listener Question:
   • "Hi Steve, what is your opinion on this 'Ask Terry' question I saw online? I used to be a fan of Terry Savage, but after seeing this response, I'm not so sure anymore." - Sharon

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We are back this week with another great episode of Our 2 Cents with Steve and Gabriel. They are excited to share some quick hits with you before diving into their main topic for the remainder of the episode: Retirement Wellness. Listen in now using a link below!

1. Monday's Moon Shadow:
   • Those in a 115 mile path stretching across Mexico, the U.S., and Canada will get a brief glimpse at a "hole in the sky" moment on Monday.
   • Be sure to wear your Solar Eclipse protective eyewear, and we hope you enjoy the sight!
2. Retirement Wellness: Financial Checkup & Tips:
   • Where to start: Checking your vital signs (a.k.a. your cash flow).
   • Goals check-in: The progress made towards your goals.
   • A strong immune system: Maintaining healthy saving and spending habits.
   • Debt evaluation: Any extra debt dragging you down?
   • Portfolio screening: Investment alignment with your risk tolerance and goals.
   • Prescriptions: Your homework for maximizing your financial health for your next check-in.
   • The follow-up: Regularly re-visit your retirement plan, your investment goals, and your overall financial health.

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Welcome back to Our 2 Cents! Steve and Gabriel are back this week with some interesting topics, including the latest news from the Federal Reserve, the rising cost of car insurance, and the importance of staying active and engaged in retirement.

1. What's Up? Car Insurance Costs!:
   • Over the past 12 months car insurance costs have gone up nearly 21%. So, what gives?
   • We'll share the three main reasons that are driving up prices.
   • Plus, things you can consider to help keep your car insurance costs down.
2. Working 9 to 5 'til 95?:
   • The story of a 101-year-old woman who continues to work, but it isn't for the money.
   • Why she says her long career has prolonged her life and happiness.
   • The importance of staying socially connected and engaged to maintain cognitive health and overall well-being in retirement.

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On today's episode of Our 2 Cents, Steve and Gabriel discuss two great topics. First is the best islands for retirement and then they pivot to common mistakes to avoid with IRAs. They share the significance of proper tax planning to maximize the benefits of IRAs and avoid potential costly mistakes.

1. Island Living in Retirement:
   • Retiring to an island may appeal to many retirees, and we're sharing the best scenic locales to consider.
   • Some international islands offer incentives to retirees.
   • Plus, a U.S. based island location that may surprise you!
2. Deep Dive: How to Avoid IRA Mistakes:
   • The importance of contributing to IRAs before the deadline.
   • Consider the benefits of both Roth and traditional IRAs based on individual circumstances.
   • Utilizing backdoor Roth IRA contributions.
   • Exercise caution against speculative investments in IRAs, putting the wrong types of investments in IRAs, and forgetting about required minimum distributions (RMDs) for traditional IRAs.

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Spring is in the air, and March Madness is right around the corner! All the upcoming bracket excitement got us thinking about the similarities between picking teams and picking investments. Plus, we'll share some helpful reminders to protect yourself against financial scams.

1. Money and Madness:
   • How trying to pick the winning team out of 68 is just like trying to pick winning stocks.
   • How personal bias and emotions can influence your picks.
   • If you could change your picks along the way, would you? And should you?
   • Having a game plan and sticking to it may yield the best results after all.
2. Safeguard Your Finances Against Scams:
   • Tips to avoid falling victim to phishing, vishing, smishing and more scams.
   • An important lesson from one lady who lost it all.
   • Staying hyper-vigilant in the face of advancing technology and AI scams.

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The focus of today's episode of Our 2 Cents is using fear as an opportunity. Steve and Gabriel start out the show by giving a brief recap of our recent 2024 Market and Economic Update client event. Then, they dig into the idea that you can make fear a valuable tool in investing.

1. Market & Economic Update Recap:
   • Notable market events from 2023 that are shaping the landscape in early 2024.
   • The 'Magnificent 7' driving most of the market growth.
   • Some thoughts on what lies ahead for us for the remainder of this year.
2. Harnessing Fear to Build Wealth:
   • The importance of facing fears head-on and finding ways to alleviate them.
   • How stress-testing your portfolio or exploring alternative options can help create investment opportunities.
   • Common investor fears and how they can impact your decision making.

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On this episode of Our 2 Cents, Steve and Gabriel discuss the latest inflation data and its impact on consumers. They also share some fun Valentine's Day facts and then wrap up the show with a couple 'Getting to Know Us' questions.

1. Valentine's Day Fun Facts:
   • Did you know chocolate used to be prescribed by doctors? We didn't either!
   • We'll warm your heart with these fun Valentine's Day facts!
2. The Impact of the Latest Inflation Data:
   • The CPI rose by 3.1% in January. We'll explain what that means, and break down some of the core categories.
   • $3 for a McDonald's hashbrown? Customers have had enough of these rising prices.
   • Inflation isn't the only problem, it's 'shrinkflation,' too.
   • Ways to protect your quality of life in the face of rising costs.
3. Getting to Know Steve and Gabriel:
   • What's your favorite snack at the movies?
   • What fictional character would you like to hang out with?

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In this episode of Our 2 Cents, Steve and Gabriel discuss two interesting topics on opposite ends of the spectrum: Bitcoin and "Lazy Money." They talk about the recent approval of Bitcoin ETFs and the potential for mainstream investors to enter the Bitcoin market. Plus, they share ideas for that cash sitting idle in a savings account.

1. Breaking Down Bitcoin ETFs:
   • The basics: What is Bitcoin and the blockchain?
   • The future of Bitcoin - is it a digital currency or an asset?
   • The introduction of Bitcoin ETFs
   • Should you consider buying Bitcoin or a Bitcoin ETF?
2. Put Your "Lazy Money" to Work:
   • What we mean when we say lazy money, and what makes it "lazy?"
   • Why do people sometimes have too much money on the sidelines?
   • What are some ideas to put that lazy money to work?

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On this episode of Our 2 Cents, Steve and Gabriel discuss various financial topics, including new work benefits that employers may offer, how Social Security is taxed, and if it's possible to pay zero taxes on your benefits. They also address a couple great listener questions at the end.

1. New Workplace Benefits to Help Increase Savings in 2024:
   • Making student loan payments could help boost your 401(k).
   • Accessing 401(k) money for emergencies.
   • A 401(k) match for building emergency savings.
   • Lowering the bar for 401(k) participation.
2. Strategies to Pay Zero Taxes on Social Security:
   • Just how is Social Security taxed to begin with?
   • How contributions to certain IRA or HSA accounts can help.
   • Implementing additional tax planning strategies can also help lower your taxable income.
3. Listener Questions:
   • "Gabe, Steve, I recently retired a few weeks ago and I'm feeling very uncomfortable living on income from my investments. I'm considering going back to work. Is that a normal reaction?" - Joyce
   • "The majority of my 401(k) is invested in company stock. I know that I am not diversified but I am very confident in my company's future. I am wondering if that is okay?" - Danielle

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On today's podcast episode, Steve and Gabriel are talking about their New Year's resolutions and the importance of aligning money with one's values and goals. They then shift gears to discuss the risks of investing in individual companies, highlighting several big companies that went bankrupt in 2023. Click a link below to listen in now!

1. Your Money Resolutions for 2024:
   • Figure out what financial wellbeing means to you.
   • Determine what the purpose of your money is.
   • Spend in ways that are true to who you are, not what others expect of you.
   • Buy yourself time.
   • Focus on what drives your values and your happiness.
2. Well-Known Bankrupt Companies from 2023:
   • Although filing for bankruptcy doesn't necessarily mean these business went bust, it does highlight the potential risks in investing in individual companies.
   • We'll share seven household-name US retailers and businesses who faced a laundry list of problems in 2023.

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Welcome to Our 2 Cents in 2024! We are ushering the new year with a great new episode. Today, Gabriel and Steve discuss interest rate predictions from some of the major banks on Wall Street. Then they share a couple big changes for retirement coming in 2024. Don't miss Gabriel's quote of the month to wrap up the show!

1. 2024 Interest Rate Predictions:
   • The Fed's expected end-of-2024 interest rates.
   • Bank of America's prediction on the likelihood of a Fed rate cut by March.
   • Goldman Sachs' forecast on rate cuts.
   • JPMorgan's revised interest rate outlook.
   • UBS' expectation on a recession in 2024 and massive rate cuts.
2. Big Retirement Changes for the New Year:
   • Social Security's COLA for 2024.
   • Increased Medicare expenses for the new year.
   • New rules for 529 plans that could add an interesting layer to your retirement planning.
3. Gabriel's Quote of the Month:
   • "Don't let money run your life, let money help you run your life better." — John Rampton

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Join us today as we remember the late Charlie Munger, a great investor, philanthropist, and businessman. Then, we're getting in the holiday spirit on this episode of Our 2 Cents with some "merry retirement facts." Finally, Steve and Gabriel share some thoughts on stock market trends and projections.

1. Remembering Charlie Munger:
   • If you read any business news, you probably heard of the passing of Charlie Munger.
   • In honor of him, we're sharing some of his quotes that are our favorites.
2. Merry Retirement Facts:
   • We often share some of the scary stats about retirement, but today we're taking a cheerier look.
   • The steady growth of IRA balances, increased savings among Americans, and the embrace of retirement savings by younger generations.
3. How Elections Affect the Stock Market:
   • While there may be some trends, it is difficult to predict market performance based on political outcomes.
   • How much do elections actually affect the stock market?
   • Plus, a quick recap of what the markets did over the last few election periods.
4. Quick Market Perspectives:
   • Vanguard's financial market projections for the next 10 years.
   • Highlighting the expected growth rates for different asset classes.
   • The importance of diversification and the potential for international investments to outperform US equities.

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In this episode of "Our 2 Cents," Steve and Gabriel discuss the concept of delayed gratification and its impact on building wealth. But first, they're sharing quotes of the month, their thoughts on the current national debt, and some tax-friendly states for retirees.

1. Gabriel's Quotes of the Month:
   • "Wealth is largely the result of habit." — John Jacob Astor
   • "The goal isn't more money, the goal is living life on your terms." — Chris Brogan
2. America's National Debt - Is it Really a Problem?:
   • How government deficits don't exactly work like household debt.
   • The notion of "servicing" debt as opposed to paying it off in full.
3. States That Don't Tax Your Nest Egg:
   • Where you live and retire can have a pretty big impact on your retirement income.
   • The states that don't tax any income, the ones that don't tax retirement income specifically, those who don't tax Social Security, and the states with no tax on pensions.
4. The Benefits of Delaying Gratification:
   • Not pausing your retirement savings to pay for more things today.
   • Not saving in only tax-deferred accounts.
   • Waiting for interest rates to go down before making big purchases.

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Long-term care insurance can be complex, and some people may not fully understand what is covered and what is not. Policies vary widely, and individuals may be unsure if the coverage is worth the cost. On today's podcast, Steve and Gabriel are sharing some must-know stats about long-term care to help you make more informed decisions.

1. Must-Know Long-Term Care Statistics:
   • Usage of Long-Term Care: The percentage of people who will need long-term care in their lifetime, including paid services, nursing care facilities, and more.
   • The Role of Dementia: The prevalence of Alzheimer's disease or other forms of dementia, specifically for those in nursing homes.
   • The Cost of Care: Estimated lifetime costs of care for various care needs.
   • Long-Term Care Insurance: Polices are changing these days, how in-demand are they, and are they worth it?
2. Getting to Know Steve and Gabriel:
   • What's a small thing that makes your day better?
   • What was your favorite age growing up?

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On this episode of Our 2 Cents, Steve and Gabriel discuss various end-of-year tax planning topics to consider before 2023 comes to a close. But first, they're sharing educational and festive Thanksgiving fun facts!

1. Thanksgiving Fun Facts:
   • Talking Turkey: The states that have towns named 'Turkey,' how many turkeys are prepared each Thanksgiving, a Butterball Turkey Talk line, and more turkey facts.
   • History facts about this long-standing tradition that you might not know.
2. End-of-Year Tax Planning Tips:
   • The potential benefit of itemizing deductions, such as mortgage interest and charitable contributions, and "bunching" deductions to maximize tax savings.
   • The benefits of tax-loss harvesting, contributing to 529 plans, and taking Required Minimum Distributions (RMDs).
   • The advantages of Roth conversions, maximizing IRA contributions, and conducting a withholding analysis to avoid under-withholding penalties.

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Retirement planning and climbing a mountain may seem like vastly different endeavors, but there are several intriguing similarities between the two. On today's podcast, Steve and Gabriel share how in both cases, setting clear goals, careful planning, perseverance, and adaptability are the keys to success.

1. Conquering the Retirement Mountain:
   • Preparing for the climb.
   • The ascent to the top of the mountain.
   • Establishing base camps.
   • Reaching the summit.
   • Descending safely.
   • Adapting to the unpredictable changes.
2. Getting to Know Steve and Gabriel:
   • Have you ever disliked something and then changed your mind about it later?

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Steve and Gabriel are embracing all things Spooky Season on today's show! They'll share with you the 10 best haunted houses around the country, plus the scariest one of them all. Then they discuss some parallels between this haunted holiday and retirement.

1. The 10 Best Haunted Houses in the US:
   • As voted by USA Today readers, these haunted houses were chosen for the quality of their actors, set designs, and special effects, as well as value for money.
   • From a petrifying penitentiary to multiple fields of screams. Any Halloween enthusiast will want to hear about these haunted experiences.
2. The Scariest Haunted House in America:
   • This one requires a 40-page waiver, a doctor's note clearing you physically and mentally, a safe word, and more.
   • A whopping grand prize if you complete the experience, but has anyone ever successfully finished?
3. Retirement is Like Halloween:
   • Both Halloween and retirement can be scary.
   • You shouldn't navigate retirement or a haunted house alone.
   • Both Halloween and retirement involve assuming a new identity.
   • There are some tricks and also some treats in retirement, just like All Hallows' Eve.
   • Having a plan can mean you get to treat yourself (with no stomachaches)!

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Those who have accumulated significant wealth face unique challenges and opportunities when planning for retirement. Do you know at what value of assets someone would be considered a high-net-worth individual? The amount may surprise you! Listen in today as Gabriel and Steve dive into the distinct strategies and factors that come into play when the wealthy plan for retirement.

1. Getting to Know Steve and Gabriel:
   • If you were a world famous gardener but could only plant one plant, what would it be?
   • Do you hit the snooze button or wake up immediately?
2. Retirement Planning Challenges for the Wealthy:
   • What is a high-net-worth (HNW) individual?
   • What makes a HNW plan a little more complex?
   • How is the tax impact different for HNW individuals?
   • Are there any differences or similarities in how higher net worth clients tend to invest their money?
   • How do HNW individuals handle their estate planning items?
   • What are some myths out there about retirement planning for HNW individuals?

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Do you ever wish you could foresee financial missteps before they happen? On today's episode of Our 2 Cents, Steve and Gabriel are exploring some real-life stories of regrets to help you learn from the mistakes of others. Then they're answering a couple client questions they received this week.

1. Money Mistakes to Learn From:
   • Maybe I should have investigated opportunities for Roth IRAs
   • I spent way too much money in my peak earning years
   • I refinanced my mortgage too many times
   • I retired too early and now it's costing me
   • I should have been safer with my investments
   • I kept my kids on the payroll for too long
2. Questions from Clients:
   • "I have the option to renew my CD for one year for 5.25%. Should I do that? - James
   • "How does all the economic and political stuff going on in the world affect me?" - Mary

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On this new episode of the Our 2 Cents podcast, Steve kicks things off by recapping his recent live interview about financial preparedness on WGN news. Then, he and Gabriel take a comprehensive look into Continuing Care Retirement Communities and how they are emerging as a noteworthy option for many retirees.

1. Recap of Steve on the News:
   • We hear about having money for a rainy day — how much is a good amount to have saved up?
   • Should you prioritize saving or paying off debts?
   • What documents should you keep protected?
   • Why is life insurance important to have?
2. Exploring Care Opportunities in Retirement:
   • Why would someone want to consider a Continuing Care Retirement Community (CCRC)?
   • What are the financial benefits and considerations with these types of facilities?
   • What kinds of amenities are offered at CCRCs?
   • How should the quality of care be evaluated?

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We're playing a fun little game show on today's episode of Our 2 Cents. Steve and Gabriel will take sides on pressing retirement issues. Whether you're a perpetual optimist or a wary pessimist, this episode will equip you with perspectives to plan your retirement years with confidence as we ask the longstanding question, "is the glass half full or half empty?"

1. Will a Government Shutdown Hurt Retirees?:
   • A looming potential government shutdown has some retirees wondering if they need to be worried about the impact it could have on their daily lives.
   • Will Social Security, Medicare, or other essential services be shut down?
   • What delays in services could be expected?
2. Retirement Outlook - Is the Glass Half Full or Half Empty?:
   • The stability of Social Security
   • Healthcare affordability in the future
   • Tax rates in the next decade
   • Long-term care options for the future
   • The next five to ten years in the stock market

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We've all heard various retirement "myths" so let's talk some retirement truths instead. On this new episode of Our 2 Cents, Steve and Gabriel will discuss some universal truths that can guide every retiree. But first, they're sharing an idea to vacation in a new way to see some beautiful sights.

1. Exciting Train Trips:
   • Amtrack Auto Train: Sit back, relax, and pack your car along with you!
   • Rocky Mountaineer Train: Explore the canyons and mountains at three great national parks!
   • Alaska Railroad's Coastal Classic: Head off into the backcountry wilderness!
   • Grand Canyon Railway: Re-create the historic voyage to the Grand Canyon!
2. Uncovering Universal Retirement Truths:
   • Everybody is going to age.
   • Everybody has some form of a plan.
   • Everybody has an advisor.
   • Emotions can be an investors worst enemy.
   • Nobody can consistently time the stock market successfully.
   • Diversification is essential for reducing risk.
   • Nobody knows how long they're going to live.
   • Tax implications matter.

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We're kicking off today's show a little differently with Getting to Know Steve and Gabriel questions first! Then they're discussing some challenges and frustrations they've heard from potential clients regarding their plans or their investments.

1. Getting to Know Steve and Gabriel:
   • What was your favorite TV show as a kid?
   • If you could pick any Olympic sport to participate in, what would you choose?
2. Revealing Retirement Plan Frustrations:
   • My portfolio is still not yet back to breakeven from the prior all-time high of the S&P 500.
   • I won't have enough time to make up for my market losses.
   • The fees I'm paying are too high.
   • I feel like I'm not getting anything for the fees I'm paying.
   • My portfolio has losing funds in it, it should only have winners.

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Steve and Gabriel are wrapping up their discussion on the kinds financial stresses couples can face, and how to work your way through them together. Plus, they're sharing some financial tidbits that have been making their way through the headlines recently.

1. Part 2: Financial Tension Between Couples:
   • A deeper dive into some sources of debate among couples.
   • Gabriel and Steve share some of more common ones they come across when meeting with clients, and the ways they've seen couples compromise.
   • How having a solid financial plan in place can actually help put a lot of these stresses to rest for you.
2. Gabriel's 'Quick Hits':
   • Yet another interest rate hike - What possible advantages and risks exist in the current interest rate environment?
   • U.S. debt downgraded - What does that mean? Is it a big deal?
   • "We were wrong" - A top Wall Street strategist admits his forecast of a stock market crash was incorrect.

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On the show for you today, Steve and Gabriel are discussing sources of financial stress that couples face throughout their lives and, more specifically, in retirement. They'll share ways they've helped clients better communicate and get back on the same wavelength. Then they tackle two questions from our listeners. 

1. Resolving Financial Tension Between Couples:
   • Budgeting - agreeing on how much to spend
   • Risk tolerance - how aggressive or conservative to be with investing
   • Retirement age - when each spouse can or should retire
   • Housing - where to live in retirement
   • Lifestyle - how you plan to spend your time in retirement
   • Inheritances - if you will leave money to your kids
2. Listener Questions:
   • "I am afraid of a recession happening, so I might stop contributing to my 401(k) for a while. Is that a good or a bad idea?" - Vicki
   • "I've always heard I should have a mortgage when I retire because that will be the only tax deduction I'll have at that point. I've been paying extra on my house to have it paid off by the time I retire, but maybe I should slow down on that plan. What do you think?" - Rick

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On today's episode of Our 2 Cents, we're focusing on 5 key steps of income planning in retirement. In order to develop a proper plan for your retirement income, these are some of the first steps to follow to begin taking charge of your retirement cash flow.

1. Mastering Your Retirement Income Planning:
   • Step 1: Accurate budgeting is at the core of income planning
   • Step 2: Visualize your future and how you will live in retirement
   • Step 3: Identify your floor income sources and any shortfalls
   • Step 4: Create "Now," "Soon," and "Later" buckets of money
   • Step 5: Utilize appropriate strategies to generate income from investments

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In the spirit of July 4th, we're tackling the concept of Financial Independence on this week's episode of Our 2 Cents. We're sharing what some people strive to be independent from in retirement and how achieving these freedoms can lead to better peace-of-mind during your golden years.

1. Winning Your Financial Independence:
   • Independence from depending on family
   • Independence from creditors and debt
   • Independence from employment or the need to work
   • Independence from worrying about the stock market
   • Independence from the government and excess taxation
2. Gabriel's Quotes of the Month:
   • "A simple fact that is hard to learn is that the time to save money is when you have some." - Joe Moore
   • "If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed." - Edmund Burke

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On the Our 2 Cents podcast this week, hosts Steve and Gabriel Lewit are discussing the kind of impact bad money habits can have on someone's financial life. Plus, they're answering some more 'Getting to Know You' questions. Tune in now for the fun!

1. Bad Money Habits:
   • Procrastinating financial decisions that need to be made.
   • Investing emotionally instead of analytically.
   • Living beyond your means and not willing to cut back.
   • Pretending like the nursing home is something that will only happen to other people, not you.
   • Constant over-saving, never spending and enjoying.
   • Inadequately diversifying your portfolio.
2. Getting to Know Steve and Gabriel:
   • What is your go-to dance move?
   • Does your family have any traditions that seem normal to you but would be weird to everybody else?
   • What's the worst movie you've ever seen?

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Money habits tend to differ with each generation, and it seems Gen X is having a more difficult time planning for retirement than their elders. Steve and Gabriel are breaking down some retirement statistics about Gen X, talking about the debt ceiling bill, and much more on Our 2 Cents.

1. Debt Crisis Averted:
   • A quick rundown of the bill that was signed by President Biden.
   • The concessions made by both sides to get the votes needed.
2. A Retirement Burden for Gen X:
   • With retirement on the horizon, 46% of Gen Xers say they won't have enough savings to be comfortable. What steps can they take now?
   • Why the majority of Gen X may work in retirement.
   • Saving with no strategy? Why Gen Xers need to start creating a retirement plan now.
3. Credit Report Complaints:
   • Complaints sharply rose against credit reporting agencies from 2021 to 2022.
   • What you should do to spot incorrect information on your credit report, and file a complaint if you find something wrong.

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On the podcast this week, Steve and Gabriel share some home items that are worth the splurge and others that are a waste of money. Then, keeping with the theme of your home, they're discussing how everyday household tasks can serve as reminders of successful financial planning. 

1. Splurge-Worthy: Yay or Nay?:
   • Big savers to big spenders, what's your spending personality?
   • Are we giving a 'Yay' or a 'Nay' to these home item splurges?
   • Instances where the upfront splurge will actually save you more money overtime.
2. Cleaning Up Your Portfolio:
   • Taking out the investment "trash" in your portfolio.
   • Cleaning out the "closet" in your financial life.
   • Periodic maintenance of your finances and portfolio.
   • Don't procrastinate "scrubbing the bathrooms" of your investment portfolio.

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Welcome back to another episode of Our 2 Cents! This week we're discussing the 33rd Annual Retirement Confidence Survey to give you a better understanding of how your peers are feeling about various aspects of retirement. Then we're sharing some tips for planning upcoming summer vacations.

1. The 2023 Retirement Confidence Survey:
   • The huge gap between when workers expect to retire and when retirees say they actually did.
   • How much has America's confidence in a comfortable retirement dropped over the years?
   • What do people feel are the most valuable improvements to retirement savings plans?
   • How confident are people in knowing how much to withdraw from their savings in retirement?
   • The ways you can plan in order to have realistic expectations about retirement.
2. Summer Travel Planning:
   • 15 top U.S. vacation destinations for 2023.
   • The steps you should take to appropriately budget for and plan your summer vacation.
3. Getting to Know Steve and Gabriel:
   • Where's the funniest place you've fallen asleep?
   • What's the best part of your day?

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During this week's episode of Our 2 Cents, we dive into the complex world of financial decision-making during some of life's most pivotal moments. From exciting times to challenging ones, we share tips to help you make informed decisions during these different ages and stages of life.

1. Financial Decisions Through the Ages & Stages:
   • Marriage and Remarriage
     • Combining finances or keeping them separate
     • New living arrangements and setting up new budgets
   • Divorce
     • Turning a joint plan into new separate ones
     • Dividing assets and liabilities
   • Job Changes
     • Plan changes due to unexpected layoffs and forced early retirement
     • Assessing new job offers or increased income or benefits
   • Birth or Adoption
     • Budget changes for new expenses
     • Needs for life insurance, wills, trusts, guardianship plans
   • Winning the Lottery
     • Sudden windfalls of money require new ways to manage assets
     • Where to put an influx of cash
   • Retirement
     • The time you've been planning for all this time is finally here
     • How to ensure you're putting that plan to work efficiently
   • Severe Medical Issue or Disability
     • What an unexpected diagnosis can do to a plan
     • Important updates to documents and policies
   • Death of a Spouse
     • Reevaluating plans, goals and budgets
     • What to do if the one who passes was the one who handled the finances

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Another bank failure doesn't mean a failure of the banking system. But we are talking about the very real implications that it does have. Plus, we're sharing a listener-suggested article about how heart health should be top-of-mind as you plan for retirement.

1. Gabriel's Quote Picks of the Month:
   • "It's good to have money and the things that money can buy, but it's also good to check up once in a while and make sure that you haven't lost the things that money can't buy." - George Lorimer
   • "When a man retires and time is no longer a matter of urgent importance, his colleagues generally present him with a watch, for some reason." - RC Sherriff
2. More Unrest in the Banking Industry:
   • At the end of last year, First Republic was the nation's 14th-largest bank. As of May 1, the bank had failed.
   • How did the collapse of Silicon Valley Bank lead to a 97% plunge in First Republic's stock?
   • With some larger banks attempting to save First Republic by infusing billions of dollars into it, how did it still fail?
   • Biggest takeaway of the current uncertainty in the banking sector: diversification of deposits.
3. A Heart Heathy Retirement:
   • Although a highly-prevalent cause of death in the U.S., why is heart disease under-discussed in the media?
   • What makes retirees within a year of transitioning from work 40% more likely to have a heart attack?
   • How having "a well-written retirement plan equals better health and wealth."

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Our 2 Cents is back this week with a discussion about what's in store for Social Security in the years ahead. Plus, we're taking a closer look at Bed, Bath and Beyond's demise and lessons to learn from what happened to the once beloved retail chain.

1. The Future of Social Security:
   • The recent negative headlines about Social Security have some people worried about their preparedness for retirement.
   • What are some possible solutions to ensure the fund's solvency for the long-term?
   • How any changes made to the Social Security program could impact your claiming strategies.
   • What risks are involved with some of the possible changes?
2. Bed, Bath & Gone:
   • After a long struggle to stay in business, Bed, Bath & Beyond declared bankruptcy and will be closing all its stores.
   • What ultimately lead to the company's downward spiral?
   • The reasons why this is another prime example of the challenges that come with picking individual stocks.

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Welcome back to another great Our 2 Cents episode with Steve and Gabriel Lewit! In store for today is a thoughtful conversation about the wisdom that comes with age and experience, and how it impacts your financial planning. Plus, they're sharing fun quotes and big money regrets!

1. Gabriel's Quote Picks of the Month:
   • "If you're shopping for stocks, choose them the way you'd buy groceries, not the way you'd buy perfume." - Benjamin Graham
   • "You can live to be a hundred if you give up all things that make you want to live to be a hundred." - Woody Allen
2. The Role of Wisdom in Financial Planning:
   • How does age impact wisdom, and wisdom impact your financial planning?
   • Why you should be thinking deeper about your retirement, not just surface level planning.
   • The importance of incorporating your, and other people's, life experiences and lessons into your financial planning.
3. Baby Boomers' Big Money Regrets:
   • From swimming pools and recreational vehicles to lavish weddings and more! Baby Boomers are sharing what purchases they made after retiring that they regret.

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Richard Branson's Virgin Orbit (VORB) collapsed last week and Steve and Gabriel are here to discuss what lead to its demise, and the inherent risks involved with picking individual stocks. Plus, they're sharing details on I bonds, answering listener questions, and more on today's show!

1. VORB Goes Bust:
   • Everything has pros and cons and a proper place in your planning, but we like to take a Core + Satellite approach when considering investment options.
   • How does the collapse of VORB showcase the risk of speculative investing?
2. The "Mansion Tax":
   • Los Angeles recently introduced an extra tax on homes sold over $5 Million and $10 Million in the county.
   • We're discussing why making smart tax moves can have a major impact on your wealth.
3. I Bond Updates:
   • I bonds gained popularity last year, but what are they? And how are the interest rates calculated?
   • There's been an update to the fixed rate component of these bonds, what does that mean for investors?
   • There are limits on how much you can buy, we'll share how it works.
4. Listener Questions:
   • "I'm retiring in about five years and I'm currently maxing out my 401(k), but not adding any other savings. Should I be saving anywhere else even if that means putting less in my 401(k)?" - John
   • "I have a REIT that I purchased several years ago and it's done nothing but lose money. I'm told that I can't cash it out but I got a letter from a company offering to buy it from me. Is this worth exploring?" - Amy

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The Fed's efforts to curb inflation have continued this week, and that's our first segment on this new episode of Our 2 Cents. Then, Steve and Gabriel are taking a look at some major shifts in the vacation rental industry and wrapping up the show with listener questions.

1. Rate Hike Déjà Vu:
   • What does this latest move by the Fed indicate about the banking industry?
   • What do the continued rising rates mean for consumers?
   • Are there any positive benefits to rising interest rates?
2. "Airbnbust":
   • Vacation rentals are facing new challenges, even as the industry continues to grow.
   • An oversaturated market is hurting individual owners/hosts while short-term rental demand has never been higher.
   • We'll explain what could have caused the run up in costs and the oversupply in the market.
   • Plus, the unique impacts being felt across communities and neighborhoods.
3. Listener Questions:
   • "I just paid my last tuition payment, so my kids are officially off the payroll. Is it safe to cancel my life insurance at this point? - Tom
   • "I'm not retiring for another five years, so I don't feel the need to be ultra-conservative with my money, but my wife keeps insisting that she wants to be more secure. Just how secure do I need to be at this stage?" - Jim

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Steve and Gabriel start off today's show by sharing their thoughts on the recent collapse of Silicon Valley Bank and what it could mean for you. Then, they switch gears to wrap up our Part 2 of different investor personalities. Listen in now to this all new episode of the Our 2 Cents podcast!

1. The SVB Collapse:
   • The 10 step timeline of the events that led up to the SVB failure.
   • Thoughts on what this means for investors and the broader banking industry as a whole.
2. Understanding Investor Personalities - Part 2:
   • The Doomsday Prepper: When you're always concerned that the worst is going to happen.
   • The Odd Couple: When your financial views and goals are misaligned with your partner's.
   • The Trend Follower: When the "fear of missing out" forces you to hop on the bandwagon.
   • The Googler: When you're searching all corners of the internet for information and become overwhelmed.
   • The Model Citizen: When you've diligently saved money all your life but don't spend it or enjoy it.

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Have you ever noticed certain personality traits in yourself when it comes to your financial matters? In Part 1 of a 2-part series, Steve and Gabriel explore the world of investor personality types and how, as advisors, they've learned to work with and help all kinds of investors.

1. Understanding Investor Personalities:
   • The Burned One: When trusting just doesn't come very easily to you anymore.
   • The Do-It-Yourselfer: When you've got it all handled by yourself and don't need any outside help.
   • The Price Shopper: When finding the best deal at the lowest possible price out there is your top priority.
   • The Over-Analyzer: When "analysis paralysis" tends to take over control of your decision making.
   • The Ostrich: When you catch a case of "hope-itis" and cross your fingers that it will all just work out.

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It's the first week of March and we have spring fever on the Our 2 Cents podcast! Today, Steve and Gabriel are sharing some spring cleaning tips for your finances and diving a bit deeper into asset allocation. Plus, we have a couple other fun segments on the show, too! 

1. Gabriel's Quote Picks of the Month:
   • "The best way to teach kids about taxes is by eating 30% of their ice cream" - Bill Murray
   • "The world is divided into two groups—the people who do things and the people who get the credit" - Dwight Morrow
2. Spring Cleaning for Your Finances:
   • Budget and cash flow review
   • Consolidate financial accounts
   • Review asset allocation to ensure alignment
   • Organize insurances
   • Reupdate your overall financial plan
3. A Bit More on Asset Allocation:
   • "Vanguard Sees Global Equities Trouncing U.S. Stocks Over Next Decade"
   • An overview of these capital market assumptions and forward looking projections
   • This prediction would mean a major shift in where growth will be coming from
   • Why all this makes diversification so important
4. Getting to Know Steve and Gabriel:
   • Would you rather have a personal maid or a personal chef?
   • What's the worst haircut you've ever had?

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Continuing from last week's conversation about Monte Carlo simulations, we're sharing our preferred income planning techniques and why we feel they provide enhanced benefits, both financially and emotionally. But first, we're flipping the script and starting the show with listener questions! 

1. Listener Questions:
   • "I've talked to a financial advisor and I like him a lot. But how do you know if someone is trustworthy or not?" - Wayne
   • "I've been stressed at work for a long time, and honestly would have left years ago. However, each year I receive a sizable retention bonus so then I decide to stick it out until I end up frustrated again, right before my next bonus. It feels like a viscous cycle. When should I walk away from this without feeling stupid?" - Larissa
2. Different Income Planning Ideas:
   • How "worst-case scenario planning" and stress-testing sets the table for a good income plan
   • The Bucket Planning Approach
   • The Flooring Method
   • Hybrid Planning
   • Why we feel these planning methods are better than a Monte Carlo simulation and also offer greater peace-of-mind

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Today we're poking holes in a common financial planning strategy called a Monte Carlo and explaining why we don't consider it to be a reliable planning technique. Then, we are giving you 5 ways to keep feeling young throughout your retirement years. 

1. This 'Lazy Way' of Financial Planning Should Be Banned:
   • What is a Monte Carlo simulation and how are the results generated?
   • What factors could generate vastly different and unreliable results for the exact same client?
   • Why the "safe" withdrawal rate isn't really safe
2. 5 Habits to Feel and Stay Young in Retirement:
   • The importance of creating structure to your day
   • Why breaking up the routine is crucial as well
   • Retiring doesn't mean you should leave your social life behind
   • Healthy eating and exercise are keys to a longer life (and retirement!)
   • Getting involved can help you live a retirement life with purpose

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Healthcare in retirement is complex, so on today's episode we're breaking down parts A, B, C and D of Medicare. Plus, the guys are sharing their interpretations of some quotes Steve gathered for us and then answering some "Get to Know Us" questions. 

1. Medicare 101 - The A, B, C, D's of it All:
   • Answering key questions about Medicare from signing up, what it covers, and what it costs.
   • What are Parts A, B, C and D?
   • Clearing up some common Medicare misconceptions.
   • What is Medicare Advantage, and are there any disadvantages to this optional plan?
2. Steve's Quote Picks of the Month:
   • "Accomplishing the impossible means only that the boss will add it to your regular duties moving forward" - Doug Larson
   • "Wall Street is the only place that people ride to in a Rolls Royce to get advice from people who take the subway" - Warren Buffett
3. Getting to Know Steve & Gabriel:
   • What habit do you want to break but haven't been able to?
   • Who would you most like to sit beside on a 10-hour flight?

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On today's episode of Our 2 Cents, your hosts Steve and Gabriel Lewit are sharing the top 10 states where $1 million in retirement might not last you as long as you need. Then they're discussing the latest IRS scams you'll want to be able to spot so you can protect yourself this tax season.

1. How Long Will $1 Million Last?:
   • Recent data shows retiring with $1 million in certain states might not be enough.
   • What states can you stretch $1 million the furthest?
   • According to a 2021 study, Florida, South Carolina, and Arizona were the most popular states to retire to, do you think they fall on this list?
2. Fighting Back Against IRS Scams:
   • In what ways will the IRS contact you? Will it be by mail, email, or by phone?
   • What are the latest scams you should watch out for this year?
   • Received a call from Taxpayer Advocate Services? Find out if they're a real organization.
   • What is the key way to protect yourself if you believe you might be the target of a scammer?

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We have a great retirement planning assessment / checklist for you to kick off the new year on today's podcast episode! But before we dive into that, we're discussing the debt ceiling which was on track to be reached Thursday, and what that can mean for the U.S. economy going forward.

1. The Looming Debt Ceiling:
   • Why the debt is continuing to climb to this limit.
   • Why just raising the debt ceiling is difficult.
   • So why not just do away with the debt limit altogether?
   • And what might happen if this doesn't get resolved?
2. New Year Planning Checklist:
   • Do I need to make changes to my planned income this year?
   • Should I take Social Security in 2023?
   • Do I have a plan to handle market volatility?
   • What's my plan for excess cash this year to help offset the effects of inflation?
   • Should I reassess my core financial priorities?

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Welcome to the first episode of the Our 2 Cents podcast for 2023! We're excited to kick off our show with some exciting new topics.

First, we're sharing four numbers to keep in mind as you plan ahead for the new year. Then we're looking at what retiring with $1 million could look like, and we round out the show with a couple listener questions. 

1. 4 Retirement Numbers Savers Should Know:
   • What 25% represents...
   • What happened in the year 1931...
   • What you can do with $22,500...
   • What 41.7 is the average of...
2. 24.5 Million Millionaires:
   • With the cost of living increasing, $1 million is not what it once was.
   • Why people are surprised by what 4% of $1 million is in retirement.
   • Is $3 million the new $1 million?
3. Listener Questions:
   • "I turn 72 this year, so I'll have to start taking money out of my IRA, even though I don't really need it. Can I just take it out and reinvest it right back into something else?" - Ellen
   • "Should I be doing anything besides 529 plans to save for my kids for college or is that still the best option?" - Matt

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Tesla stock has received quite a hit this year and we're diving into all the stats. Next, we look back on market forecasts from the start of 2022 to see how right or wrong they were. We wrap up the show with some insight into Secure 2.0 and the ways it will impact retirement planning.

1. The Non-Stop Tanking of TSLA:
   • Staggering stats on Tesla's stock price and YTD performance
   • How activity like this relates to the greater picture of "concentration risk"
   • Is this the bottom for the stock or will we see more declines?
2. Review of 2022 Forecasts: Wrong or Right?:
   • Looking back at Wall Street's 2022 targets for the S&P 500
   • Many unpredictable events happened this year which shows just how hard it is to guess what the market will do
3. Secure 2.0's Retirement-Related Provisions:
   • 401(k) impacts such as changes to enrollment, plan access, "catch-up" contributions, employer match options, and more
   • Age increases for RMDs next year and over time
   • Changes to the use of money in 529 college savings plans
   • Plus more!

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You've probably heard these expressions and idioms at some point in your life, perhaps from a wise Grandmother even, but today we're looking at them through a financial lens. But before we do that, we're diving into a bit of a "smorgasbord" of current events in the investing world.

1. Investor Smorgasbord
   • What to make of the recent CPI and inflation data
   • What this could mean for the possibility of a recession
   • FTX imploded and the CEO was arrested and charged
   • Why what happened has been called "unsophisticated" and "old-fashioned embezzlement"
2. The Financial Truths in Grandma's Wisdom:
   • "When it rains, it pours"
   • "You never know"
   • "A bad apple spoils the whole barrel"
   • "I heard it straight from the horse's mouth"
   • "If your friends all jumped off a bridge, would you do it too?"
3. Getting to Know Steve and Gabriel:
   • Are you for or against permanent Daylight Saving Time?
   • What is your favorite season of the year?

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The year is wrapping up and it's got us thinking about 10 somewhat nerdy, but ultimately important, "end-of-year planning" tasks to put on your radar. Then we're tackling two listener questions about life insurance!

1. Year-End Planning Checklist:
   • Observe the impacts of sequence of returns, if you're taking income
   • Double check your planned retirement date to confirm if it is still realistic
   • Calculate your withdrawal rate percentage
   • Review CARES Act distributions and repayments
   • Have an inherited IRA? You may need to take RMD's
   • Understand the changes to FSA spending rules
   • Consider bunching your charitable giving
   • Review all your various insurance coverages—yes all of them
   • Consider a Roth Conversion
   • Engage in Tax Loss Harvesting
2. Listener Questions:
   • "My husband is 13 years older than me and he's retiring next year. The only life insurance that he has is provided by his job, so he will have none when he retires. Should I take out a policy on him since he is older than me?" - Jane
   • "I have been seeing conflicting answers so I thought I would ask you. What is the better life insurance—term insurance, universal life or whole life?" - Ted

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Welcome back to a new episode of the Our 2 Cents podcast! This week, Gabriel puts Steve's retirement knowledge to the test with a fun game of Retirement Fact or Fiction.

Read below for hints at the quiz questions and tune in to see how many Steve gets correct!

1. Retirement Fact or Fiction:
   • An ______ retirement is not realistic for many
   • Relocation is the ______ for retirees
   • It is unlikely you'll be ______ and unable to ______ healthcare in retirement
   • It's normal to feel some ______ about your future
   • It is too late to start ______ in your 50s
   • ______ is key to financial success
   • Retirement is a time of ______ for most people
   • ______ is more valuable than money
   • Retirement is the day you ______ all work ______
   • Retirement lasts a long time and ______ go beyond the ______
   • You'll be better off if you stay ______ and ______
   • Most people need a ______

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Inspired by Steve's recent visit to NYC during the New York City Marathon, we're looking at preparing for retirement as one would prepare for a marathon. From all the preparation to do in advance of the race, to maintaining a proper pace, and making it to the finish line, we're covering the entire journey on this week's podcast episode.

1. Preparing for the Retirement Marathon:
   • Things you do ahead of time to set yourself up for peak success during the race.
   • Once the race clock begins, you can't start it over. Why having a plan ahead of time can help you finish the race.
   • You'll undoubtedly face different, and sometimes unexpected, conditions throughout the race. So how can you plan for those?
   • Remember: it's a marathon, not a sprint. Pacing yourself, and your spending, is important.
2. End-of-Marathon Planning:
   • Join us for a quick walkthrough of the important elements of Estate and Long-Term Care Planning.
   • First items you should get in place, e.g. a trust, wills, POAs.
   • Creating a communication plan for your wishes, your intentions, and the documents you've prepared.
   • Should you have LTC insurance? And if you should, what kind is the best to have?

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Inspired by Steve's recent visit to NYC during the New York City Marathon, we're looking at preparing for retirement as one would prepare for a marathon. From all the preparation to do in advance of the race, to maintaining a proper pace, and making it to the finish line, we're covering the entire journey on this week's podcast episode.

1. Preparing for the Retirement Marathon:
   • Things you do ahead of time to set yourself up for peak success during the race.
   • Once the race clock begins, you can't start it over. Why having a plan ahead of time can help you finish the race.
   • You'll undoubtedly face different, and sometimes unexpected, conditions throughout the race. So how can you plan for those?
   • Remember: it's a marathon, not a sprint. Pacing yourself, and your spending, is important.
2. End-of-Marathon Planning:
   • Join us for a quick walkthrough of the important elements of Estate and Long-Term Care Planning.
   • First items you should get in place, e.g. a trust, wills, POAs.
   • Creating a communication plan for your wishes, your intentions, and the documents you've prepared.
   • Should you have LTC insurance? And if you should, what kind is the best to have?

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This week's episode of the Our 2 Cents podcast features a thought-provoking topic about making financial decisions and comparing what you're doing to what else might be out there. Then we answer a couple questions from listeners of ours, and Steve and Gabe are answering an interesting "Get to Know Us" question too.

1. Is the Grass Greener?:
   • Should you be doing something different with your portfolio when the market is down?
   • Is there someone out there who knows exactly when to move your money out of the market to avoid losses?
   • Are there ever times when the fence is worth jumping over for greener grass?
2. Listener Questions:
   • "I almost got out of the market before it dropped down recently. Now I'm back to where I was before. Should I get out now?" -Ellen
   • "I had kids later in life and now I am almost 60 with twin boys heading off to college soon. I want to be able to help them financially through college but I also want to retire eventually, too. What should I place a higher priority on - their college education or my retirement?" - Jesse
3. Get to Know Steve and Gabriel:
   • Would you rather have a pause or a rewind button in your life?

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Like the lights that pop up on your car's dashboard to tell you something is wrong, there are warning signs that can indicate potential trouble in your financial life too. On today's episode, Steve and Gabriel are discussing things to watch for to spot potential problems ahead. Plus, they're sharing some quick hits and answering a listener question. 

1. Gabriel's 'Quick Hits':
   • Social Security COLA for 2023 is the most since 1981
   • Increased 401(k) and IRA contribution limits for 2023
   • Tax bracket adjustments & standard deduction increases
   • Average college tuition costs have declined
2. Financial Warning Indicators:
   • No idea what your budget is for your retirement years
   • Only focusing on the "retirement number"
   • Not having sources of tax-free income in retirement
3. Listener Question:
   • "I've always been a more aggressive investor. I like seeing my money grow. At what age should I get conservative?" - Art

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The gross national debt is inching close to an important statutory ceiling and Steve and Gabriel are here to break down what that all means on this new episode of Our 2 Cents.

They're also sharing real experiences when their clients' emotions took over the the driver's seat in their financial planning.

1. $31,000,000,000,000 and Counting:
   • Congress has placed a "cap" on how much the government can borrow, and at the start of the fiscal year the debt has reached $31 trillion, and $31.4 trillion is the borrowing limit.
   • However, this year's deficit will decline by an estimated $1.7 trillion.
   • So, what's the difference between the deficit and the debt?
   • What is the impact of all this on consumers and possible future tax ramifications?
2. Sharing Stories: When Emotions Impact Your Planning:
   • It's no secret that your emotions can play into your decisions and reactions across all areas of life.
   • We're sharing stories about some of the more common emotions with regards to investing:
     • Greed
     • Fear
     • Hope
     • Pride
     • Joy

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We're back again on the Our 2 Cents podcast! Gabriel and Steve are putting a different spin on talking about recent market behavior by sharing some do's and don'ts when considering your options. Next, they're drawing comparisons between the world of retirement planning and America's favorite sport to watch: Football.

1. The Rollercoaster Ride:
   • What options are available to you as we ride out this rollercoaster market ride?
     • Do nothing?
     • Abandon your plan?
     • Let your emotions drive your decisions?
     • Try to buy the winners and sell the losers?
     • Look at non-market options?
   • There are pros and cons to every approach when handling difficult markets, we'll discuss some main points to consider if you are ready to take action.
2. Calling the Plays - Getting Into Victory Formation:
   • The 'Retirement Red Zone' and why this time is critical that you don't get tackled for a loss.
   • Does the coach make a difference? Why you should find one who fits your needs and your investing philosophy.
   • Victory formation: Not taking unnecessary risk when you've already won the game.

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On today's episode of Our 2 Cents, we're delving in to the world of the fine print, and what hidden or not-so-hidden information you should pay attention to. But before we get to that, we are talking about the interest rate hike we saw last week and the continued efforts to reduce inflation. 

1. Three 75-Basis-Point Interest Rate Hikes in a Row:
   • The Fed raised interest rates yet again in another attempt to rein in inflation.
   • What can we expect over the next few months and quarters? Should we anticipate more rate hikes?
   • Are we in a recession right now? And what are the major drivers of a recession we should keep an eye on (e.g. unemployment, mortgage rates)?
   • How does all of this impact the stock market and your investments?
2. What's Hiding in the Fine Print?:
   • Does your traditional Long-Term Care policy have premium rate increases?
   • Are there any hidden fees in that variable annuity?
   • Watch out for mutual funds with a performance history that is "back-tested."
   • Can you ever get your money out of that REIT?

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We're back with a new Our 2 Cents podcast episode. As mentioned last week, we're diving into the world of Maslow's Hierarchy of Needs and discussing how we feel it relates to money and finances. Then, we're giving a quick update on the future of tax filing and rounding out the show with some listener questions.

1. Maslow's Hierarchy of Needs:
   • We're dissecting Maslow's Hierarchy of needs and sharing how it applies to your every day life.
   • What does it have to do with your money?<
   • What are the financial parallels with the pyramid tiers and how do your finances impact you in each level?
2. "Tax Filing Should Be Simple":
   • The Inflation Reduction Act included $15 million for the Treasury Department to study the development of a free federal tax-filing system.
   • What could this mean for the future of tax preparation and filing in our country?
3. Listener Questions:
   • "I'm almost 60 years old and I don't have any money yet in Roth IRAs. Should I start converting some IRA money to Roth over the next few years?" - John
   • "I'll be inheriting about $250,000 after we settle my mother's estate in the next few months. I could use this money for a lot of different things like paying off debt or saving it for my own retirement. But part of me feels uncomfortable using my mom's life savings to clean up my mess. Do you have any suggestions for how to navigate this?" - Don

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We're back with a new Our 2 Cents podcast episode. As mentioned last week, we're diving into the world of Maslow's Hierarchy of Needs and discussing how we feel it relates to money and finances. Then, we're giving a quick update on the future of tax filing and rounding out the show with some listener questions.

1. Maslow's Hierarchy of Needs:
   • We're dissecting Maslow's Hierarchy of needs and sharing how it applies to your every day life.
   • What does it have to do with your money?<
   • What are the financial parallels with the pyramid tiers and how do your finances impact you in each level?
2. "Tax Filing Should Be Simple":
   • The Inflation Reduction Act included $15 million for the Treasury Department to study the development of a free federal tax-filing system.
   • What could this mean for the future of tax preparation and filing in our country?
3. Listener Questions:
   • "I'm almost 60 years old and I don't have any money yet in Roth IRAs. Should I start converting some IRA money to Roth over the next few years?" - John
   • "I'll be inheriting about $250,000 after we settle my mother's estate in the next few months. I could use this money for a lot of different things like paying off debt or saving it for my own retirement. But part of me feels uncomfortable using my mom's life savings to clean up my mess. Do you have any suggestions for how to navigate this?" - Don

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Our 2 Cents is back this week with a great episode! Steve and Gabriel are discussing forward-looking assumptions and forecasts for financial planning and then they're diving into the world of "financial satisfaction" as it relates to how you feel personally about your planning. Join in now for this conversation!

1. Capital Market Assumptions - The Experts Predict:
   • What are capital market assumptions and what are the designed to do?
   • How can these forward-looking forecasts help you in your long-term planning?
   • How and why do major investment & research firms like Blackrock, Morningstar, Vanguard, and Research Affiliates change their predictions based on market behavior?
   • We'll share ways these forecasts are used to model portfolios and potential performance.
2. Elements of Satisfaction:
   • The elements to satisfaction in retirement planning
   • What, finances aside, are we trying to provide to our clients when building them a plan?
   • Peace-of-mind, confidence to spend, independence: What can you do to accomplish these feelings of satisfaction?

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Our 2 Cents is back this week with a great episode! Steve and Gabriel are discussing forward-looking assumptions and forecasts for financial planning and then they're diving into the world of "financial satisfaction" as it relates to how you feel personally about your planning. Join in now for this conversation!

1. Capital Market Assumptions - The Experts Predict:
   • What are capital market assumptions and what are the designed to do?
   • How can these forward-looking forecasts help you in your long-term planning?
   • How and why do major investment & research firms like Blackrock, Morningstar, Vanguard, and Research Affiliates change their predictions based on market behavior?
   • We'll share ways these forecasts are used to model portfolios and potential performance.
2. Elements of Satisfaction:
   • The elements to satisfaction in retirement planning
   • What, finances aside, are we trying to provide to our clients when building them a plan?
   • Peace-of-mind, confidence to spend, independence: What can you do to accomplish these feelings of satisfaction?

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We have a great episode in store for you today!

Steve and Gabriel kick things off by discussing a bit of a hit-or-miss topic: The Student Loan Forgiveness Plan. Next, they tackle the complex world of marketing and advertising in our industry, and finish the show answering a couple 'Getting to Know Us' questions!

1. The Student Loan Forgiveness Plan:
   • Who is going to see their federal student loans forgiven?
   • How do you know if you qualify for the forgiveness?
   • Insights into the controversial nature of this topic
   • What are the presumed economic impacts from this?
2. Marketing Manipulation:
   • How headlines like "Invest Like the 1%" and "Hedge Funds For the Rest of Us" have gotten popular and garner a lot of attention
   • Why marketing companies try to elicit emotional and instant reactions with their messaging
   • Do these marketing companies have compliance oversight or regulations in the financial industry?
   • Are there people with hidden agendas behind the messaging?
3. Getting to Know Steve and Gabriel:
   • If you could only eat one thing for dinner for the rest of your life, what would it be?
   • If you could live during any other time period in history, when would it be?

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Gabriel and Steve are back at it again to review The Inflation Reduction Act now that it's been signed into law, they deliver a Pop Quiz on household health, and wrap up with a listener question! Listen now for a great new episode!

1. The Inflation Reduction Act:
   • Key provisions to pay attention to as they may impact you and we'll share when the changes will begin.
   • Prescription drug benefits, premium tax credits for the ACA, hiring more IRS staff, and more.
   • Changes to Medicare Part D such as out-of-pocket costs cap and "smoothing," premium increase limits, and other benefits to Medicare recipients.
2. Pop Quiz!:
   • What cleaning supplies contain VOCs (Volatile Organic Compounds)?
   • What percentage of households typically do spring cleaning every year?
   • What area of the bedroom did researchers find contains more germs than a chimpanzee bed?
   • Which of these cleaning activities does not reflect the calories burned by a 150-lb person for one hour of the activity?
   • Which household products are not recommended as safe cleaners by the Environmental Protection Agency?
   • When people do "spring cleaning," what part(s) of the house do they typically prioritize?
   • Researchers have found how many types of bacteria on a kitchen sponge?
3. Listener Question:
   • "I have a financial advisor who has done a good job for me, but my brother always tells me I could be doing better. Should I listen to my brother or tell him to leave me alone" - Pete

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We are back with another new episode of Our 2 Cents! Today we are discussing the rate increase for Social Security that might be coming your way, the dangers of procrastinating on your retirement planning and answering a question from one of our loyal listeners. Click below to listen in now!

1. Social Security Raise Ahead in 2023 :
   • Current assumptions show a huge jump in 2023 due to inflation
   • Just how much of an impact could that make for retirees?
   • What else should you be aware of with a Social Security raise like this?
2. The Procrastination Problem:
   • Ways procrastination can be stalling your retirement planning
   • Have you been "hitting the snooze button" on important planning decisions?
   • How to overcome procrastination challenges
   • The importance of thinking longer-term and not only about the immediate consequences
3. Listener Question:
   • "You often talk about having retirement funds in different tax buckets. Do you recommend residents of Illinois contribute to Roth 401(k)s? I ask because I believe contributions to a Roth would be taxed as ordinary income, however contributions to a traditional 401(k) would not be taxed by Illinois now or at the time of withdrawal. Seems like you are incurring the 5% (roughly) tax unnecessarily?" - Jeff P.

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On this week's podcast episode, Steve and Gabriel give a synopsis of the proposed Inflation Reduction Act of 2022 and how the various innerworkings of the Act could potentially impact you.

Next, they'll discuss times that they've found themselves "going against the grain" in terms of their financial planning advice. Join us now for this discussion!

1. The Inflation Reduction Act of 2022:
   • Will the effects be felt immediately or longer term?
   • Expanding ACA subsidies and the impacts on premium tax credits
   • Prescription drug pricing reform and Medicare costs
   • IRS funding and tax enforcement
   • Plus more!
2. Going Against The Grain:
   • Using life insurance in retirement planning
   • Never having any debt
   • Have 6 months worth of cash for emergencies
   • Buying an annuity

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Welcome back for another new episode of Our 2 Cents! We're talking about winning big in the lottery, another round of rate hikes by the Fed, and then we're having a lot of fun providing our perspectives on the advice of some well-known industry experts. Tune in now, and let us know what grade you'd give to some of these gurus.

1. The Mega Millions Jackpot Surges:
   • What should you do if you were to win?
   • Should you take the lump sum or opt for the payments over several years?
2. The Fed is At It Again:
   • The Federal Reserve again lifted interest rates by 0.75%.
   • Why are they doing this, and will it continue to slow down the economy?
   • What could happen at their next meeting in September?
3. Grading the Gurus & Their Advice:
   • Phil Orlando (an Equity Strategist) says the market will decline further over the summer, and he favors value stocks over growth stocks.
   • Sam Robson (a Financial Author) says the bear market is a fantastic opportunity for long-term investors; long-term being the key phrase.
   • Robert Kiyosaki (an Author) says a market crash is coming and to buy gold and silver.
   • Grant Soliven (Columnist and Financial Advisor) says to beware of making emotional decisions in turbulent times.
   • Chris Orestis (head of a national retirement resource organization) said if it were him and he was about to retire, he would delay it a year or two.
   • Warren Buffett (Businessman and Investor) says "The most important thing to do if you find yourself in a hole is to stop digging," and "Be fearful when others are greedy, and greedy when others are fearful."

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This week's episode of Our 2 Cents covers an interesting topic impacting many Americans over recent years. What to do if you find yourself unexpectedly without a job? Whether layoffs hit your department, or you just decided you've had enough at your current job, we're discussing the challenges and opportunities that exist when you're in between work.

Then, we're spending some time diving in-depth into three great listener questions. Click below to listen in now!

1. What To Do When You're In Between Jobs:
   • Do you tap into your retirement savings for extra money while income is slowed or stopped?
   • Should you find a new job or start your own business?
   • How could retiring earlier than expected impact your financial plan?
2. Listener Questions:
   • "I have a weird situation. I have been funding my IRAs and 401ks over the years and have close to $2 million in those accounts. But now I need cash for a home repair I wasn't expecting and only have around $5,000 in the bank. Should I take the money from my IRA and pay the penalty on it?" - Jake
   • "I think we are at the bottom of the market and will finish way up for the year. Time to load up on stocks. Do you agree?" - Mark
   • "I'm 61 years old and have never had a financial advisor. I have made it this far on my own, so I am probably fine without an advisor, right?" - Caroline

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It's time to sharpen your pencils and get ready for our retirement planning pop quiz! We'll give you the questions below, but be sure to listen in to this week's episode to hear the multiple choice options and to see if you can answer them correctly!

Plus, keep listening until the end for another "Getting to Know Steve and Gabriel" question!

1. Retirement Planning Pop Quiz:
   • At what age should people start saving for retirement?
   • Which of these is the best estimate of how much income you'll need in retirement?
   • Which of these do you find that retirees fear the most?
   • Which of these examples best represents a diversified retirement plan?
   • To make sure you don't run out of money in retirement, only withdraw _____ percent from your portfolio each year.
2. Getting to Know Steve & Gabriel:
   • What is your favorite cereal, now and when you were a kid?

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Welcome back for another episode of the Our 2 Cents podcast!

We're helping you spot "red flags" when interviewing potential financial advisors, or even when reviewing your current advisor. Then we're answering some very thoughtful listener questions today. Listen in now!

1. Financial Advisor "Red Flags":
   • Biases and the way advisors think
   • Not getting what you need from who you like
   • Too much technical jargon, not enough valuable communication
   • Overconfident market predictions
   • All upside, no downside
   • Family ties
2. Listener Questions:
   • "According to Terry Savage, Suze Orman, and my tennis partner, I should be buying I Bonds. I've never done anything like this before. What do you think?" - John
   • "I am curious how Savant is fairing during this Bear Market. Is their level of diversification standing up better than most?" - Tom

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Storms were brewing here in Chicagoland and on Wall Street this week, and we're back to discuss it all on a new episode of Our 2 Cents!From the Fed's rate hike decision, to the current Bear Market, we're covering all the major events that took place this week. Plus, we're sharing some local "quick hits" and answering listener questions. Join us now!The Fed's Aiming for a "Soft Landing":* The Fed raised interest rates again in hopes to cool inflation, what does this mean for investors? * Are we going into a recession? If we do, what could happen to the market? * We've officially entered Bear Market territory - we'll explain what that means.

Local Quick Hits:* To infinity... and beyond! The new "Lightyear" movie premiered June 16. * Caterpillar joins Boeing by making a major move. * From an EF-0 tornado to a heatwave, Chicago weather continues to keep us on our toes.

Listener Questions: "I'm interviewing and comparing a couple of different financial advisors. What metrics are most important to compare them on?" - Randall * "I am not going to spend through my savings during my life and I'm going to end up leaving a lot to my kids. They'll probably be in their 40's or 50's and I feel like they could use the money more now. Should I start gifting them money now versus leaving them a big chunk for later?" - Ruth*

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Welcome back to Our 2 Cents! This week's podcast takes a different view of retiring that is not often discussed: the pitfalls that can come with retirement.
It's not all sunshine and rainbows every day of your golden years and we'll share some of the realities you may face when you retire, as well as some ways to avoid these problems. Then we're talking about levels of risk in your portfolio, and answering a getting to know us question!
The Downsides of Retirement:* The surprising fact about your net worth * When boredom begins to creep in * Struggling with spending guilt * Many years in retirement

What is Your Risk Profile?:* Are you too much of a risk-taker? * Risk assessments: how to identify a disconnect between your feelings about risk and your portfolio * Ways to reconcile the risk with your retirement money

Getting to Know Steve and Gabriel:* What kind of books do you like to read?

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We start off with some fun on this week's episode of Our 2 Cents by drawing the names of our three raffle winners, congratulations to you all!
Then, we're posing a few questions to see what "side of the fence" Gabriel and Steve are on. Next we take a look at some priorities to keep in mind as you approach retirement, and finish up by answering a question from one of our listeners.
Debatable Questions - Where Do You Stand?:* Is the market going to go up or go down? * Should you always pay off your house as soon as you can? * Should you ever use credit cards? * Are individual stocks better than buying mutual funds or ETFs?

The Countdown to Retirement:* What are you planning to do in retirement, and how will you pay for it? * Health insurance and ensuring there are no gaps in coverage * Reducing or eliminating debt before retiring * Planning your income sources and Social Security benefits

Listener Question: "I am pretty much ready to retire, but I won't be old enough for Medicare for another six months. Should I just tough it out until then?" - Paul*

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We've officially recorded 100 episodes of Our 2 Cents and we're so happy you're here to celebrate with us!
Not only did we record the podcast for you to listen to this week, we also recorded a video of the episode so you can get a sneak peak at what happens behind the scenes! Watch the episode on our YouTube channel!
On today's episode, we take a look back at the most popular episodes based on some listener data, we share Steve and Gabriel's favorite episodes, and the guys ask each other some blind questions. Tune in now to hear it all and find out how you can enter to win our special 100th Episode $100 Giveaway!
Top 3 Favorite Listener Episodes:* Based on number of listens, downloads and our growing listenership, we will share the top 3 most popular episodes

Steve and Gabriel's Favorite Episodes:* Steve and Gabriel will share what their favorite episode so far is, and why!

Asking Blind Questions:* We wrap up the episode with some interesting questions that the guys didn't get to see before the show!

💵 Don't forget to listen until the end of the episode to find out how you can win one of THREE $100 gift cards to celebrate our 100th episode! Winners will be announced on the next episode of Our 2 Cents!

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The stock market has been very active and challenging lately so that is our sole focus of today's podcast episode.
There are many questions that are top-of-mind for people right now mainly because we haven't seen a market quite like this in awhile. Gabriel and Steve are answering some of these questions for you, so listen in now!
Answering Some of Your Questions:* "What should I do with my portfolio right now?" * "I'm worried the market is going to go down further and a recession is coming. Should I sell to cash and ride this out?" * "What are you doing in my portfolio right now?" * "How much further is the market going to go down?" * And more!

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Gabriel and Steve kick off today's episode by discussing some of the issues that are plaguing the markets right now. Then they cover some things you might be wasting money on, and wrap up by answering a couple "get to know you" questions!
We're Living in Turbulent Times:* Two things you need to do when investing in the stock market * How to successfully navigate the persistent volatility we're experiencing * Is this the same old story we've heard before? * What is causing this market volatility?

7 Things You're Wasting Money On:* Recapping an article we found online, we're sharing things that you might be wasting money on that can really add up over time * Ways to spot these extra costs and cut them out

Getting to Know Steve and Gabriel:* Would you rather have only green lights for the rest of your life, or never have to wait in line ever again? * What is your cure for the hiccups?

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We've got another great episode of the Our 2 Cents podcast for you this week! Gabriel and Steve are sharing parallels between heathy eating and financial planning. Then they cover some financial terms and their meaning, before wrapping up with a listener question.
Fixing Unhealthy Financial Habits:* What are the empty calories that could be in your financial plan. * How added sugar in your plan could be really bad. * What should you have in your "pantry" and why it's important to know what you do and don't have. * Why trans fats are so tempting, but might be unhealthy to have in your financial plan just like your diet. * How to determine if you have a healthy plan.

Breaking Down Financial Terms:* Volatility * Diversification * Capital Gain and Capital Loss

Listener Question: "There's been a lot of media coverage lately on the inverted yield curve. What does that mean? When it occurs do you suggest any client action as media coverage usually mentions it has often preceded recession periods?" - Jeff P.*

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On this week's new episode of the Our 2 Cents podcast, the guys are recapping Steve's recent appearance on WGN 9 news where he shared helpful tips for tax filing procrastinators. Then they outline 5 useful ways to include life insurance in your financial planning that isn't just about the death benefit. Listen in now!The Looming Tax Filing Deadline:* Filing an extension - why it matters if you owe or if you are getting a refund. * What you need to know now if you plan to use MyTax Illinois to file your state tax return. * For those who took advantage of the child tax credit payments, how might that impact your taxes? * Why your large refund is the same as giving an interest-free loan to the government. * How tax planning is different from tax preparation, and how it can make a huge difference in your overall wealth.

The Many Uses of Life Insurance:* There are tons of misconceptions about what life insurance can offer in financial planning, which means many investors don't think about it outside of its traditional uses. * We will cover other ways life insurance can be a critical part of your financial planning, beyond just the death benefit: * Life insurance for tax-free retirement income * Life insurance as an alternative to a 529 Plan * Life insurance for estate planning * Life insurance for long-term care * Life insurance as a cash alternative

Getting to Know Steve and Gabriel:* What is the spiciest food you've ever eaten? * Do you think we're alone in this universe?

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Breaking down a recent USA Today article, on today's episode Steve and Gabriel are discussing issues that are increasing the difficulty in retirement planning. They also talk about the current state of the bond market and share some great getaways across the U.S.!
Murky Issues in Retirement Planning:* How much income or asset growth is needed to offset inflation? * How much income will Social Security provide in retirement? * What is an ideal, or safe, withdrawal rate?

Challenges Investors are Facing in the Sliding Bond Market:* Quarter-end bond statements might be surprising to many investors, as the bond market has experienced its worst performance in recent memory. * What options exist for you? Should you look into replacing your bonds, or ride out the storm in anticipation of a rebound? * What about that extra cash that you may have otherwise put into bonds, what bond-alternatives can you explore?

Adventure Ideas - Day Trips Near Big Cities:* New York, Atlanta, Los Angeles and more! We're sharing some unique and adventurous locations near big cities that you may not know are out there.

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Spring training is top-of-mind on today's episode of Our 2 Cents! Sit back and enjoy the baseball analogies for thinking about your investments. Next, the guys jump into some listener questions and then there's another question to get to know Steve and Gabe at the end of the show!
How to Plan Your Retirement Like a Game of Baseball:* Should your lineup consist of only home run hitters, or is playing "small ball" the real way to win? * How can you pick hitters that can handle the curveballs and fastballs that may come your way? * The "Moneyball" approach to building your team - data, research, & analytics * In baseball, five-tool players possess five specific skill sets. In investing, it's impossible for one single investment to cover all five core priorities. We'll share how to build an all-star lineup to cover them all.

Listener Questions: "I've got all my money in all tax-deferred IRAs and 401(k)s, should I move some of it somewhere else to be more diversified?" - George * "I'm looking for safe money options but I don't know where to turn. I've looked at bonds, annuities, cash but everything has pros and cons and I don't know which one to pick." - Karen*

Getting to Know Steve and Gabriel:* "What is the silliest way you've gotten injured?"

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Welcome back for another episode of Our 2 Cents. Steve and Gabriel jump right in by talking about some hidden voices you may have in your head that influence your money decisions. Then they cover the world of designations and credentials and how to detect which are important. They wrap up with a fun question, too! Listen in now!
The "Money Voices" in Your Head:* How are we influenced by the "money voices" in our heads without realizing it? * The two main voices: Greed and Fear, and how they drive our decisions. * What can you do to silence the voices and listen to the facts instead?

Advisor Alphabet Soup:* What are all those letters at the end of advisors' name? * Which designations have more weight than others? * Experience vs. education—which is more important?

Getting to Know Steve and Gabriel:* "What is something that you do that makes you feel old?"

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On today's podcast episode, Steve and Gabriel begin by discussing the Russia-Ukraine conflict's impact on the stock market and economy. Then they share some hidden biases that cost investors money and how to spot them within yourself. Last, they wrap up with a thought-provoking question from one of Gabriel's clients.
The Market Reacts to the Russia-Ukraine Crisis:* Broadly speaking, what might the overall impact on the markets be in light of the current Russian invasion of Ukraine? * Gas prices and inflation are already on the rise - what can we expect next? * The S&P 500 has already entered into correction territory, what needs to happen for us to see a Bear market?

Are Your Money Biases Costing You?:* There are 4 main money biases: Present bias, loss aversion, overconfidence & base rate neglect * Hidden biases affect the money decisions you make, without you even knowing it * Over 98 percent of study participants exhibited biases that cost them financially. So, how can you identify money biases within yourself and avoid them?

Client Question: "How do you deal/reconcile in your mind a previous investment decision that, had you done it differently, would have made you a ton of money?" - B.H.*

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Steve and Gabriel are covering a lot of great topics on this week's podcast episode. They're sharing ways to plan ahead for the unknown, and how doing so can bring you some peace-of-mind in retirement. Plus, steer clear of these expensive cities and financial scams in retirement!
How Can You Plan for These Unpredictable Events?:* When is the next market crash going to happen? * What will healthcare costs look like in 20 years? * What will taxes be in the future?

Places You May Not* Want to Live in Retirement: Top 10 most expensive cities in the world to live * Would you consider retiring to any of these places?

Investor Beware! Financial Scams to Avoid:* Crypto-Caution: how to "safely" invest in cryptocurrency and avoid fraudulent currencies * Non-regulated investments: they usually sound "too good to be true" * Romance scams: online dating partners after for your money

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Welcome back to a fresh new episode of Our 2 Cents!On the podcast this week we are discussing a few economic projections that we think might be possible this year. Next, we talk about the findings from a recent study on investors.Then we wrap things up by saving a great listener question for last.Economic Predictions for this Year: GDP Growth Forecast - do we see a recession on the horizon? * Housing Market - will we see it cooling off this year, or even the "bubble" burst? * Inflation - will it continue to rise as it has been or will it come back down by year-end? * The Great Resignation* - what impact will the current labor shortage, remote work trends, and people continuing to leave the workforce have on our economy?

New Study Finds Clients That Are Using Financial Advisors Are Happier: * What correlates using a financial advisor with increased "happiness indicators?" * Plus, Steve and Gabriel will share another interesting finding about relationships that came out of this study.

Listener Question: "I tell myself I need to start saving more for retirement, and I pretend like I'm about to get serious and actually do it, but then I can never stay motivated to actually increase my savings. How do I get myself motivated?" - Rebecca*

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We've been following playoff football (even without the Bears) and it got us thinking about the "Retirement Red Zone" and why it's critically important to not make a financial fumble when you're so close to the finish line.Next, we had Steve and Gabriel separately fill in the blanks on some financial potpourri, we'll compare their answers and see why they chose what they did. Join now to listen to these great topics and an excellent listener question!Don't Fumble in the Retirement Red Zone:* What is the Retirement "Red Zone," and what makes it such an important timeframe for planning? * What are some types of retirement fumbles, and can you recover them? * The plays you call in the red zone are different than the ones you use during the rest of the game, what kind of shifts should you consider making?

Financial Potpourri:* The best way to be sure you don’t run out of money in retirement is to _______________ * The stock market has the ability to ____________. * If your advisor tells you _______________, you should run the other way. * When somebody comes to visit with you for the first time, they’re most likely to be worried about ___________. * The most common mistake that you see retirees and pre-retirees making is ____________. * The most gratifying part of your job is ___________.

Listener Question: "I have a lot of company stock in my 401k. How much do you think is too much, as a percentage of the account?" - Carl*

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It's a new year and we have fresh new show topics to look forward to on the Our 2 Cents podcast!
First we're diving into "The Great Resignation" movement and what to keep in mind if you're planning on joining this phenomenon. Plus, we're starting a new monthly planning tip segment in 2022 and we share the very first planning tip today. Listen in now to join the fun!
"The Great Resignation":* 4.2 Million people quit their jobs as of October 2021, many with no plans to return to work * Are you considering leaving the workforce, perhaps retiring earlier than originally planned? * What questions should you consider before taking a leap and making an exit?

Planning Tip of the Month - January 2022: Know / See / Check-Up on how you're doing financially * The start of the year is one of the best times to get a "financial map" of where you're going * Why having savings and* spending goals is so important * Income planning questions to ask that will help you plan ahead

Getting to Know Steve and Gabriel:* What is your favorite beverage? * What subject, of any kind, do you wish you knew more about?

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Your Our 2 Cents podcast co-hosts Steve and Gabriel are back this week to round out their list of 22 money resolutions for 2022. Tune in to hear what's left on the list!
Plus, the guys will share one of their non-financial resolutions they're setting for themselves in the new year.
2022 Money Resolutions List - Part 2 of 2:* There's no shortage of ways to consider making money improvements in the new year. * We wrap up this two-part series with the second half of our 22 resolutions for 2022. * Whether you resolve to make micro—or macro—improvements to your finances, taking the first step to identify areas in which you could be doing better is a great first step.

Steve and Gabriel's Resolutions:* Plus, be sure to listen until the end when Steve and Gabriel share a resolution of their own for 2022.

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2022 Money Resolutions List - Part 1 of 2:* With dozens of money goals to consider, we're sharing common improvements and changes we've seen clients want to make over the years. * From behavioral changes to mindset shifts, we're covering it all when it comes to money goals for the new year. * Do you have any specific financial goals heading into next year? Reply to this email and let us know, we'd love to hear them! * We ran out of time to cover all our resolutions on today's show, so join us next week for the complete list!

Listener Question: "My plan has been to work for one more year, then find part-time work for about four years to supplement my retirement income. But now I wonder if I'd just be better off to continue working full-time for two more years, then just be done with working altogether. Which is better?" - Ted*

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Before the holiday break, Steve and Gabriel recorded a great episode of the Our 2 Cents podcast. To kick off the show, Gabriel shares a great analogy about retirement planning and the ways in which the fundamentals of building a retirement plan resemble those of building a house.Next, the guys answer some thoughtful listener questions and wrap things up with some updates that will be coming to Medicare and Social Security in 2022.Retirement Planning is Like Building a House: When building a house, what is the very first step you should take before digging in? * A blueprint is helpful when visualizing what your "house" will look like, and gives you the opportunity to make changes before the building begins. We'll share how this is mirrored in retirement planning. * A "Retirement Plan Tracker" or "RPT" is the foundation* of every SGL client's plan. So what all is inside this crucial component of the plan? * Just as every house depends greatly on each of its cornerstones, every financial plan relies on all of SGL's 4 Core Pillars. We'll share what they are.

Listener Questions: "I am turning 50 and I feel like I am behind on my savings. What are my best options to fast-track and get back on track to accelerate my retirement savings?" - Rick * "In the higher inflationary period we are in, I hear more attention begin given to TIPS. Can you explain TIPS, and whether they should be in someone's portfolio?" - Jeff*

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Advisors everywhere have had some pretty unrealistic requests come up when meeting with clients. Steve and Gabriel will share some of the ones they've heard on this week's episode of Our 2 Cents, and the key takeaways you can learn from them. Then they look at some pretty quirky state taxes that will leave you shaking your head!
Unreasonable Financial Requests:* Huge market gains, with little to no risk. Is that achievable? * Will investors seeking the highest quality financial planning and advice, at the lowest possible price just end up getting what they pay for? * Does that sneaky little tax trick some advisors are pitching even exist? * Making exceptions—our thoughts on changing our entire investing philosophy for just one client

The Strangest Ways States Tax You (Or Don't):* Arkansas eliminated state income tax for Texarkana residents in exchange for this unprofitable tax hike * Deodorant vs. Antiperspirant—this state taxes these similar products differently * What "candy" bar is exempt from Illinois' higher tax rate? * Plus, this state will allow you to avoid sales tax on that fancy new exotic car you've been eyeing

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After months of negotiation from both sides of the aisle, a new spending package has passed which leaves investors curious how it might impact the American people. Steve and Gabriel are taking a look at the new bill in this week's episode of Our 2 Cents, and sharing some important tax-saving strategies to consider before the end of the year.
The 1.2 Trillion Dollar IIJA:* The Bipartisan Infrastructure Investment and Jobs Act has passed in the Senate - we'll break down what that means. * How will the $550 Billion in new spending be allocated? * We'll discuss two key questions on many American's minds: how will this new bill be paid for, and will it affect our taxes?

Strategies for Year-End Tax Planning:* November = Tax Planning Time! * To itemize, or not to itemize? And what is "bunching?" * We'll cover important changes and reminders about RMDs, and share some charitable tax saving opportunities. * Plus, other strategies to consider and identify if they apply to you.

Get to Know Steve and Gabriel* What is your all-time favorite TV show? * What is the best piece of financial advice you've ever heard or have gotten?

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There's a lot more involved with comprehensive financial planning than simply focusing on the numbers, it actually starts with going back to our most basic needs as humans. That is our main discussion on this week's episode of Our 2 Cents!Plus, Steve and Gabriel are talking about the supply chain disruptions and how the major issues are now being felt by consumers.The Planning Pyramids:* The symbol of a pyramid is widely used to illustrate many concepts in our daily lives. * From the food pyramid to Maslow's Hierarchy of Needs, the notion that our most fundamental needs must first be met before we are able to continue up the pyramid is broadly understood. * But when it comes to finances, Financial Planning Pyramids are abundant, so which ones are the best to be followed? * Steve and Gabriel describe how they flipped the pyramid on its side and instead follow a 4 Pillar Planning approach. They'll share why they believe this is the best way to plan for retirement.

Supply Chain Chaos:* Are the headlines about product shortages and supply chain challenges something we should really be concerned about? * One break in the chain can cause a ripple effect across the whole system, but what happens when there are multiple breakdowns occurring simultaneously? * What do the current supply chain issues mean for consumers, especially considering the upcoming holiday shopping season? * Plus, listen in to hear some of the items that are hard to find. Some of these may really surprise you!

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Welcome back for another great episode of the Our 2 Cents podcast!
We're covering a really interesting main topic this week that takes us into the psyche of investors. We also have a listener question that was sent in to us and we wrap up by learning a bit more about Steve and Gabriel!
The Danger of Overconfidence:* What does the Roman Empire have in common with your financial plan? * Overconfidence is an interesting psychological phenomenon, which can be particularly dangerous when it comes to investing and personal finance. * Find out how overconfidence in three key planning areas can undermine your investing performance and retirement goals. * We also take a look at how confirmation bias can sneak in and compound the negative effects of overconfidence.

Listener Question:* "My Long-Term Care premium is going up this year based on a notice I received, and it is significant. Should I pay the extra premium cost, or should I just cancel it before it goes up again?" - Hannah

Getting to Know Steve and Gabriel:* What is something that you've done that you think everyone should do at least once in their lifetime? * Who was your favorite teacher growing up, and why?

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Steve and Gabriel are "back in the saddle" with a new episode of Our 2 Cents!
On the show today, the guys are discussing a variety of planning gaps investors might experience—sometimes without even knowing it. Then they wrap up with a surprise segment that will have you questioning things you hear everyday. Be sure to listen in to the end to join the fun!
Does Your Plan Have Gaps?* Many people are aware planning gaps exist, however they aren't able to identify them in their own plan. Are you guilty of having any of these Planning Gaps? * Income Gap, aka the "Paycheck Gap" * Social Security Gap * Inflation Gap * Tax Gap

A Surprise Trip Down Memory Lane:* Have some fun with us as we take you on a trip down memory lane, and test your old-school knowledge!

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Two very interesting and important topics have us thinking deep on this week's episode of Our 2 Cents.
We're discussing a mindset shift that occurs for retirees when the time comes to spend that nest egg, and whether many investors truly know what investments they own and why. Let's dive in!
Article Analysis - "Want a Better Retirement? Spend More of Your Money": Switching from a saving mindset to a spending one has proven difficult for many retirees. * Find out what makes some retirees spend double* the amount annually in retirement than their peers. * What are the two driving reasons retirees don't feel comfortable spending in retirement?

Quote of the Month:* We dissect a quote from successful investor Peter Lynch and how it relates to your investment portfolio and mutual funds. * With roughly 7,943 available funds, how do you choose which one you pick? * What are the primary criteria for assessing funds? Hint: there's a lot. We'll explain.

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Modern day income planning is the star of the show on this week's episode of Our 2 Cents!
Income planning is such an important topic as it relates to your overall retirement plan. So much so that we've decided to give it our full attention this episode. Below is a glimpse at what's covered on the show, you won't want to miss this one!
Older, Traditional Income Planning:* What exactly is the income planning approach of the past? * How and where does this approach fail in retirement? * Is the safe withdrawal rate still relevant in today's environment?

Modern Day Income Planning:* How is it different, what are the available options, and what is it's goal? * We'll introduce you to the new ways of planning, backed by research and evidence. * Is it really possible to get more for less when it comes to your retirement income?

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A pilot, a captain, and a school bus driver? Listen in to this week's episode of Our 2 Cents to find out what Steve's retirement might look like one day. Also in this episode are key retirement timing and career considerations, important components of a custom-tailored retirement plan, and more!
Retire or Work Longer - Which is the Right Choice?:* Have you considered being a "retired worker"? We explore why down-shifting, yet still working in retirement is a popular option. * What are the financial and social impacts of semi-retirement and full retirement? * This one thing should be the driving factor in your decision. What is it?

Ways to Customize Your Retirement Plan:* You need a retirement plan that "fits" you. We talk about why a custom-tailored approach is so important to your success. * A variety of factors go into customizing your plan, we look at: * Income Sequencing * Retirement Age * Risk * Insurance Coverage * And more! * What does it mean to have an efficient plan, and why is it important?

Listener Question:* "I've been very blessed and probably have more money than I will need in my lifetime. Should I start giving away money to my kids and grandkids now so they won't have to worry so much about paying estate taxes or high probate costs?" - Rick

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Retirement planning means different things to different people. Have you given thought to what it means for you personally? That's the focus of this week's episode of Our 2 Cents. Plus, more in-depth questions for getting to know Steve and Gabriel!
1,000 People, 5 Words: How Do You Imagine "Life After Career?: With 900+ different words provided, only 28 counted for 1/2 of the responses. Can you guess what the most popular ones are? * How did the responses differ from male and female respondents? * What words would you use when thinking about your life after your career? Hit reply and let us know!*

Get to Know Steve and Gabriel - Deep Dive Edition!:* Growing up, who was influential in shaping the way you view money and wealth? * How did you get into the financial business? * Have any people in the financial industry had an impact on you? * What would you consider the most gratifying part of your job? * If you could change anything about the way people plan for retirement, what would you change?

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Welcome back to another new episode of the Our 2 Cents podcast. We're leaving the financial numbers and statistics out of the conversation today, and focusing on the ways people truly think about money and how that may shift with age. Let's dive right in!
Age and Wisdom: How Do They Play into Financial Planning?:
* With age comes more experience, observation, and understanding. How can this shape the way you look at money? * We've gathered lots of experience over the years, what can our experience help teach you? * Could your goals for your money change as you age? * We look at things people said they wish they would have known about or done differently after gaining more wisdom as they've aged.

Listener Questions:* "I've heard of something called a 'Robo-Advisor,' can you tell me what that is? - Karen * "Investing seems simple to me. Why don't you just buy dividend paying stocks and live off the dividends and that way you never need to dip into your principal?" - William

Get to Know Steve and Gabriel: * What is your favorite fast-food restaurant?

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After a few weeks off, Steve and Gabriel are back with a brand new episode of the Our 2 Cents podcast. They are talking about retirement spending habits, cracking a few jokes and answering listener questions on the show today. Tune in now to hear it all!
The Art and Science of Decumulation:* What do you need to know about spending down your money successfully in retirement? * What are the problems with spending down your life savings? And what makes people afraid to spend? * We'll discuss ways to determine where to take money from to spend in retirement, and who can help you decide.

Corny Financial Advisor Jokes:* We're sharing some laughs and explaining the hidden meaning behind some financial jokes.

Listener Questions:* "If interest rates finally start going back up, should I change how I am saving? Right now, I've taken my money out of the bank and invested it because interest rates are so low." - James * "My husband and I argue about money almost everyday because we haven't done a great job of planning for retirement and it's starting to stress us out a little. Is that normal?" - Patty

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Steve and Gabriel discuss how retirement has changed over the years on this week's episode of Our 2 Cents. They also dive into the inflation fears percolating lately and what the media's role has been in creating those fears. Listen now on Spotify or Apple Podcasts!
Not Your Father's Retirement:* Retirement today looks much different than it once did, but what all has really changed? * We're seeing a new movement among working adults these days. What is the FIRE movement all about? * Costlier, longer and, self-directed retirements create big challenges. We'll share how can you plan to manage these potential retirement pains.

The Fear Mongers Want You Worried About Inflation:* Is rising inflation unusual? And should you actually be worried about it? * The so-called "Fear Mongers" of the media want you to be concerned about inflation, we share why that is. * How can you achieve peace-of-mind amidst economic uncertainty?

Getting to Know Steve and Gabriel:* What is a good habit you have now that you wish you started much sooner in your life? * During what era of your life were you the coolest? 😎

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The Our 2 Cents podcast is back with a brand new episode this week. Steve and Gabriel have a lot to cover regarding stock market headlines and creating the most efficient investment portfolios. Listen in now!
What to Do if You Have Any "Market Jitters":* Are doom and gloom headlines & predictions making you worried about a stock market drop? * What is the media trying to do by using click-bait headlines and creating fear & concern? * Cash Drag: what is it, and how does it impact your portfolio?

The Efficient Frontier: * What is the Efficient Frontier, and how can you know if your portfolio is on it? * Is it possible to get more for less when it comes to investing? * Portfolio diversification, asset allocation & how to maximize returns with the least amount of risk.

Quote of the Month: * "Retirement is wonderful if you have 2 essentials..." * Hear what the essentials are, and if Gabriel and Steve agree with them or not.

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There's a lot to be excited about today! It is Gabriel's birthday 🎉 and there's a brand new episode of the Our 2 Cents podcast! Check below for a peek at what Steve and Gabriel are discussing on the show.
Financial Advisor "Code Speak": When an advisor tells you something, are you ever left wondering what they really* mean? * Hearing phrases like "It's just a minor correction," "It's just a paper loss," or all kinds of technical and complicated jargon can quickly become extremely confusing. * And what about all that "Alphabet Soup" we see... what does it all mean?

Things to Do After 50 for a Healthier Brain:* We share some everyday habits you can implement to keep your brain sharp as you age. * How can regular exercise, a Mediterranean diet, and more sleep help boost your brain health? We'll explain how!

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This week's episode is all about answering questions! First, Gabriel and Steve begin by discussing some great questions submitted by our listeners. Then they switch gears to answer a couple of fun questions about themselves.
Listener Questions:* "Is it a bad idea to go after my dream home before I retire, if it then means I will have a mortgage?" - Marie * "My divorce will be final in about a month. I always paid the bills but was never really involved in the retirement planning. Where should I start?" - Lisa * "My mother passed away and I am the executor of her will and estate. She left her house to me, but my sister is living in it and I want to sell it. What should I do?" - Bill * "I watched your Scoop video on Social Security and want to know, what are the income tax consequences on Social Security? - Jeff

Getting to Know Steve and Gabriel:* If you were abducted by aliens, would you rather be put in an alien zoo exhibit or in a traveling alien circus? * Who would you choose to narrate your life?

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Steve and Gabriel are thrilled to be back in the saddle this week recording an all-new episode of the Our 2 Cents podcast. Here's what they're talking about today:
Is Elon Musk Breaking Up with Bitcoin?:* Elon recently announced Tesla will no longer accept Bitcoin as payment, what could this mean for the future of cryptocurrency? * With more than 4,000 different coins on the market, some with wild and funny names and others based internet memes, are any cryptocurrencies legitimately worth investing in?

Annual "Money Doctor" Checkups:* You go to the doctor for your annual health checkup, but what about an annual money checkup? * If you're "feeling fine" with regards to your portfolio, do you still need to have an annual checkup?

Does More Money = More Problems?:* Is there any truth to the saying "More Money, More Problems?" * Even if you are financially set for life, should you still have your money working for you and continuing to grow? * Why you should be giving your money the attention it deserves

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This week's podcast episode is a fun one! First we look at how the cost of living in different cities around the U.S. can vary quite drastically, then we jump into some fun quotes, and end the show by putting Steve and Gabriel on the spot.
How Far Does $1 Million Go in Different Places of the Country?:* If you retire in this city, your $1 million might only last you 8-9 years. Can you guess the city? * Have you ran your numbers to see if you can retire in your dream city? * How much will you need to retire comfortably? Surprise—it's not a simple answer!

Timeless Quotes from Will Rogers:* These quotes are just as applicable today as they were way back then. * From life lessons, to taxes, and being truly satisfied. We're covering great quotes that will really make you think.

The Personal Side - Getting to Know Steve and Gabriel:* What is something you'll never do again? * What is a song or artist that people would be surprised to find out you like? * If all jobs had the same pay and the same hours, what job would you want to have?

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We're covering a variety of interesting and important topics on this week's episode of Our 2 Cents. Click to listen as we look at energy efficient home ideas, the National Debt and more!
Ideas to Keep Your Home More Energy Efficient:* Is the shot clock to your retirement ticking down? Don't let the pressure lead to poor shots * What do wind turbines and light bulbs have in common? * Which energy efficient home improvements are worth the up-front cost?

Listener Questions:* "Do you believe the National Debt is a major concern for American citizens?" - Jeff * "Can you talk about HSA's?" - Ellie

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This week’s episode of the Our 2 Cents podcast is live! We kick things off by looking at what basketball and your retirement could possibly have in common. Then we shed some light on financial myths and truths.
What Basketball Teaches Us About Retirement:* Is the shot clock to your retirement ticking down? Don’t let the pressure lead to poor shots * Double dribble decisions—can they ever be undone? * Don’t get fouled out of retirement, here’s tips and tricks to avoid the fouls, but still play aggressive

Financial Fact or Fiction:* Term Life Insurance is better than Whole Life Insurance * As you get older, you should shift from stocks to bonds * Are these financial Facts or are they Fiction?

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Financial Decisions and the “Quarantine 15”
We’re back again for another installment of Our 2 Cents! From financial decision making tips to how not to be tempted by that nearby fridge, we’re covering it all and having fun on this episode!
Top 5 Tips for Making Sound Financial Decisions* Don’t be in the dark about your finances, stay informed and involved * Are you procrastinating instead of planning ahead? We’ll share why that can hurt you * Working with a financial advisor could mean greater returns, but how? * Plus more!

Keep Away from That Fridge!:* How your feelings are likely impacting your cravings * Resist the urge to stress eat and other factors causing the “Quarantine 15”

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The Our 2 Cents podcast is back again this week with some great topics. We're focusing on this latest stimulus package entering the economy, tax season and doing one of our very favorite things - answering some listener questions. Don't miss this one!
Another Round of Stimulus:* Warren Buffett has some advice on how you should spend your stimulus money - is he right? * What was the ultimate goal of the stimulus package? * Looking back 1 year ago and how the markets have reacted to COVID and the stimulus packages

Tax Time Quick Hits:* The tax filing deadline has been extended, should you wait or file now? * RMD's, IRA contributions, home office deductions and more * What are the benefits of working with a tax planner and what do they do that is different than a tax preparer?

Listener Questions: * "It seems like inflation has not been very bad recently. Should I be worried about it in future years?" - Mike, Rolling Meadows * "Some people in the media say that I should invest primarily in mutual funds, and they say I can expect annual returns north of 10%. I do not even need a return that big at my age, but I am intrigued by the idea of it. Where do I find these funds?" - Shannon, Glenview

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It's time for the next episode of the Our 2 Cents podcast! We have a great conversation this week talking about fun "secrets" and chatting about recent news headlines. Click play to listen in!
Dirty Little Secrets of the Financial and Investing World* Do the pundits and "gurus" on TV really know as much as they lead you to believe they do? * What are some things that financial experts argue about which aren't actually important? * When it comes to investing, can you differentiate between what is skill and what is just luck? * Are advisors just money managers? Or is there a difference?

Discussing "In the News" Headlines* Congressional discussions of a $15 minimum wage have picked up steam in the last couple of weeks. Could something like that impact the economy? * General Motors has announced that they plan to sell only electric vehicles by 2035. Is this even realistic?

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How Women Can Make Sure They're Involved in Financial Decisions:* What are the risks to not being involved in the financial decision-making? * How having a financial advisor could be a great back-up plan to stay "in the know" * What are some ways to start getting involved?

Tax Filing Tips with Steve:* Did you see Steve on WGN? He had a great interview covering a range of tax-related topics * What advice didn't he get a chance share in his interview? * Missed the interview? You can watch it here

Listener Questions:* Should I purchase an investment property or keep my money invested where it is? - Cheryl, Huntington Beach, CA * Should I pay off my mortgage quicker or invest? - Ed, Mundelein, IL * CD's are not paying right now, what is the best alternative investment? - Maria, Elk Grove, IL

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Press play to listen to the great discussions we had on this week's episode of the Our 2 Cents podcast. We're not all business all the time, so we had a bit of fun too! Some of the show highlights are below.
Alternative Financial Investments (Alts):* What are they? * Which alts are good and which alts are bad? * Should alternatives have a place in your portfolio?

5 Most Common Uses for Life Insurance:* Is there more to life insurance than just the death benefit? * Ways to use modern-day life insurance in your financial planning * Efficient tax-saving benefits of life insurance

Hidden Talents of Steve and Gabriel:* When they take their Financial Advisor hats off, what skills are Steve and Gabriel sharpening? * Find out what Disney animal character each host would like to be

Tune in now to join us for this discussion!

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1. GameStop Stock Price Surges: There’s been a lot of buzz around the GameStop stock sensation this week, and we’re keeping a close eye on the action. We’ll give a brief synopsis of the events unfolding in the markets, what it means for individual investors and the hedge funds being impacted and how it could change the future of investing.
2. How Your Roth IRA is Like a Fine Bottle of Wine: Just like the finest wine you keep in your cellar and never want to open, are you hesitant to spend the money invested in your Roth IRA? We look at when the right time to take income from your Roth account may be and why you don’t want to leave it just sitting there collecting dust.
3. Can Money Make You Happy?: We always say that money isn’t what brings true happiness in life, it is simply the fuel for your journey. We end the show by reflecting on an important lesson from Wahei Takeda about what really makes people happy, like “Magokoro” meaning a sincere heart and finding joy in the small things in life.

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This week has flown by and we’re back with another great installment of Our 2 Cents. Here’s what to look forward to on this episode:
1. President Biden’s Big Plans: We start with a quick rundown of what you can expect to see in the months and years ahead now that we have a new administration. From taxes to healthcare to a stimulus package and more–there’s a lot to keep on your radar. 2. 5 Important Retirement Statistics: Next we break down 5 important statistics that are worth taking a moment to understand. They’ll underscore some very real problems people face when prepping for retirement. We’ll explore those problems and talk about possible solutions. 3. How Do Annuities Earn Interest?: We occasionally receive questions specifically on how annuities (usually Fixed Indexed Annuities) earn interest. We’ll dive into the basics about annuities, like how interest is credited and understanding the allocations and indices within annuity policies.

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Our 2 Cents is back after a brief holiday hiatus! Here’s a look at what we’re discussing on our first podcast episode of 2021.
1. Our 2021 New Year’s Resolutions: Gabriel and Steve kick things off by revealing a New Year’s Resolutions they’ve set for themselves and how they plan to make 2021 a great year ahead. 2. New Year, New (or Updated) Plan: Have you procrastinated reviewing your financial plan, or even putting one in place to begin with? Let 2021 be the year that you resolve to check-in on your current plan or create one if you haven’t already. We take the guesswork away by sharing 5 Key Areas to focus on implementing or reviewing. 3. Join us as we have fun on another round of “Get to Know Us!”: Find out Steve and Gabriel’s money habits, where they learned them and how it helped to shape their financial views. Plus, they’ll share one more resolution for this year.

Tune in now to join us for this discussion!

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We’re back with another podcast episode of Our 2 Cents! Here’s what we we’re discussing this week.
Lessons from the Stock Market Crash “Hall of Fame”:We don’t know when the next market crash will be, and we don’t know the severity of it, but we do know that it will happen so you need to be prepared for it. We’re covering common themes we’ve seen in past crashes, the lessons we’ve learned personally from navigating people through market crashes and also some key takeaways that can be learned from crashes of the past.
What Drives Advisors a Little Crazy:In this light-hearted segment, Steve and Gabriel explore where they’ve encountered frustrating elements of the financial world. Hint: a few of them involve what some other advisors are doing—and not doing—on behalf of their clients.
*And, Another Round of "Get to Know Us" with Steve and Gabriel!We wrap up by answering a fun question so you can get to know us better on a personal level. ­*

Tune in now to join us for this discussion!

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Join us for our 56th episode of Our 2 Cents podcast! Here’s what we’ve got in store for you when you tune in. “Things You Never Hear People Say:”When it comes to money and retirement, there are some tried and true strategies that simply make too much sense. In this episode, we discuss five “Things You Never Hear People Say,” or in other words, 5 things you can do with your money and finances that are a no-brainer! Your Ideal Retirement Lifestyle:Our second topic focuses on assessing and choosing your dream retirement lifestyle. What different ways to people like to enjoy their retirement years? From sitting on the front porch, to RV’ing across the country, tune in to discover some excellent retirement living approaches. Listener Question – Strong Dollar vs. Weak Dollar:"Can you explain what the difference between the strong dollar and weak dollar means, and how does that affect my investment portfolio?" (Jeff from Deer Park)
Tune in now to join us for this discussion!

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Do you need Long-Term Care Insurance? Does your spouse? And is it worth the costs? There are new long-term care coverage options out there that can be quite advantageous, and they are a major upgrade to the old LTC policy that Mom and Dad might have had. Next, we discuss the idea of ‘Retiring Solo,’ or in other words, when a couple's retirement dates don’t align. What is one spouse supposed to do and how do you stay happy as a couple while one continues to work and the other starts enjoying their retirement years? >>> Plus, Join Us for a Great Listener Question <<< "Is it a bad idea to do a Roth Conversion if I have high income?" - Mark from Schaumburg
Tune in now to join us for this discussion!

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Today we put variable annuities under a microscope. When someone wants to gain the advantages of the stock market yet still have some guarantees, is a variable annuity the route to go? Next we cover some estate planning essentials. Can you keep your assets out of the courts and away from probate? Estate planning is one of the items that should be definitely be on your list of planning areas to review! Plus, Join Us for a Listener Question: "My long term care policy says it will pay out a maximum of $250,000 during my lifetime. Is that enough coverage?" (Robert from Deerfield) Tune in now to join us for this discussion!

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It’s been quite the rollercoaster this last week and a half! With apparent President-elect Joe Biden winning both the electoral and popular votes, we talk about what that can mean, as well as discuss what lawmakers are proposing in their emergency bill to raise 2021’s Social Security COLA adjustment. After that discussion, we move to our next topic and have a little fun. What are the top 15 destinations for retirees to move to? This list of best locations to move to considers happiness, tax rates, affordability, and access to healthcare. Finally, we wrap-up with some more fun-filled facts about Steve and Gabriel—quite uncanny how similar their answers are!
Tune in now to join us for this discussion!

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There’s a lot of uncertainty in today’s world with COVID, high unemployment numbers, the Presidential election, and the constant turmoil 2020 has brought us thus far. So how can you really know if you’re ready to retire? Take our self-health financial assessment and see if you are ready today!
1. How much money do you have in assets?2. Do you know how much you spend?3. What’s in your investment portfolio and how much risk are you taking?4. Do you know what you pay in taxes? Where will you get your income today, the next 5 years and so on?
Tune in now to join us for this discussion!

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The uncertainty of both Coronavirus and the 2020 presidential election are casting an uneasy shroud across the nation. On today’s show, we discuss the state of the economy and the stock market—and what impact the COVID-19 resurgence and the upcoming presidential election may have on both. For many, questions are lingering… Who will win the election? Will more jobs be lost due to COVID-19? What tax impositions will be enforced if either President Trump or former Vice President Joe Biden are elected?
Tune in now to join us for this discussion!

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On our special 50th episode-anniversary, we want to send a big THANK YOU to all our loyal listeners for staying by our side. We truly enjoy your questions, comments, and continuous feedback of our show, and we look forward to the next 50 episodes together!
ON THIS EXTRA-AWESOME 50th EPISODE:
Today we start off with some FUN retirement quotes and some clarifications of our last show based on comments from you, our listeners! For our ‘main course’ of the show, we then cover five financial and retirement no-no’s.
1. Should you compare your investments to the stock market? 2. Have you ever given up on a new financial strategy before you’ve given it enough time to play out? 3. Are you an investor who is chasing big returns too late in life? 4. Are you paying attention to investing costs and fees? 5. Have you procrastinated on making important financial changes?

Once again, thanks for joining us!

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There are many questions surrounding the inner workings of a 401(k) and the best approach to the ‘do’s and don’ts during your working and retirement years. On this month’s ‘Deep Dive’ we answer questions such as;
1. What is dollar cost averaging?2. How much can one contribute on an annual basis?3. What is a target date fund and how can it benefit your retirement?4. Should one rebalance their 401(k), and if so, when?5. What should you invest in, within your 401(k)?
After our deep-dive, we come up for a bit of fun! Steve and Gabriel answer more personal questions and fun facts! Discover some cool things you didn’t know about your show hosts!
Tune in now to join us for this discussion!

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On today’s show, we kick it off with the new tax act you’ve been hearing all about. The new Illinois Gov. J.B. Pritzker (D) has proposed sweeping changes to Illinois’ tax code, advocating a constitutional amendment to permit a graduated-rate income tax and proposing a new rate and bracket structure.
After we discuss the details and inner workings of these proposed changes, we dive into the upcoming election and how we think the markets will react after the new President is elected.Listener Questions· How do you feel about the proposed Illinois Fair Income Tax Act? – Ken from Arlington Heights
Related Articles * Student of the Market – August 2020 – Election Year Special [BlackRock] * Twelve Things to Know About the Fair Tax for Illinois [The Tax Foundation]

Tune in now to join us for this discussion!

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We get a lot of questions about how the house (or houses) fit into retirement plans. From downsizing to rental properties to interest rates, today we explore some of the top retirement questions as it relates to all things housing.
1. Should I pay off the house as soon as possible or pay it off slowly? 2. Is it wise to downsize to a smaller home when I retire? 3. Is rental property a good idea to create income in retirement? 4. What are some of the major complications when it comes to handling real estate when it comes to estate and legacy planning? 5. What are the advantages of a reverse mortgage and when should I take one?

Listener Questions· I want to renovate my kitchen, but my husband says we need to save more for retirement. We already save a lot… how much is enough? – Samantha, Chicago
· I’m getting a big tax refund this year and have for the last several years. It’s nice to get the refund, but am I better off getting the refund or changing my withholdings? - Robert, Chicago
Tune in now to join us for this discussion!

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Just like your iPhone or computer can become obsolete and need to be replaced, sometimes the way people think about retirement planning and investing is obsolete and needs to be replaced. On today’s show we talk about some outdated financial rules of thumb that people still cling to, and more current, modern alternatives to use instead.
1. The 4% Rule 2. The 10-5-3 Rule 3. Moving stocks to bonds when you get older 4. All you need is $1 million and you're set for retirement 5. The 80% Retirement Income Rule

Tune in now to join us for this discussion!

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On Today’s episode we feature another one of our popular ‘Deep-Dives,’ where we spend more time digging through a singular topic on the show! Today, that topic is 7 Steps to a Secure Retirement.
What’s the real power of having a plan? Peace of mind, financial security and creating a future for you and your family that you can count on. But to accomplish that, you don’t want to just wing it, you’ve got to take a systematic step-by-step approach. Tune in to discover:
* What are the 7 Steps to a Secure Retirement? * What steps have you accomplished? * How committed are you to improving your financial success? * What are the 3 core pillars of support from SGL Financial?

Don’t miss the episode as we discuss our secret recipe to a happy and secure retirement.
Go ahead and start listening today!

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Life happens, things change, goals shift, and as a result, so should your financial plan. On today’s episode we expand on our topic from last week about why it’s so important to have your Mid-Year Plan Review and precisely what you should be including in that review. After that we dive into a detailed discussion of Longevity Risk, or what’s also known as the “Multiplier of Other Financial Risks.” While living a long time is generally never a bad thing, it’s certainly something that you must be financially ready for! Oh, and psst!…make sure you stay until the end for some more fun facts and personal tidbits about Gabriel & Steve Lewit!
Tune in now to join us for this discussion!

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Should you be stuffing the ole’ mattress with cash? Whether in the mattress or in your checking account, today we give some insight on alternatives to keeping your money in cash—where it earns 0%... zip, zero, nada. Additionally, we dive into some headlines and Gabriel & Steve give advice on how to avoid being a victim to scams such as “Hackers seize popular Celebrity Twitter accounts for giant bitcoin scam,” and other common schemes. We conclude with a light discussion on why Mid-Year Reviews are so important and how they can benefit your overall plan performance.
Tune in now to join us for this discussion!

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On today’s episode we discuss the value and benefits of having a financial advisor and, if you’re unused to paying a fee for advice, overcoming what may feel like fee ‘sticker shock’ when hiring a financial advisor (and why it’s still very much worth it!). We’ll also discuss whether to pay those pesky capital gains in your portfolio and diversify, or just keep the holdings and avoid paying the tax.
After that we answer a couple of great questions from our listeners! “I recently had a REIT proposed to me as an investment I should consider. What are your thoughts on these?”– Julie from South Barrington * “My husband wants to pay off either our house or our rental property, just so that we’ll have something paid off. We have enough in our money market account to pay off one of them, but I prefer seeing a lot of money in that account, just in case we need it for something. Who’s right?”– Cheryl from Arlington Heights*

Tune in now to join us for this discussion!

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There are two classic planning blunders to avoid at all costs. The first blunder is confusing tax preparation with tax planning. You may think that your CPA is providing "tax planning" for you, but the reality is he/she is probably not! The second blunder is taking on too much risk to make up for lost time. Have you ever wanted to "double-down" to make up for lost time? Doing so can be quite risky… and what happens if this strategy backfires on you? Let’s find out!

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We’ve got a really fun show lined up for you this week!With the upcoming November election just four months away, what "money-moves" should you be making today to best be prepared? Also, what in the world is a ‘Corona Purchase?’ On today’s show we discuss a range of great topics, and even more importantly, we give you, our listeners, an opportunity to hear some fun and quirky facts about your hosts, Steve & Gabriel Lewit. Listen now! SHOW HIGHLIGHTS & TOPICS:Financial Planning After the Pandemic?According to a recent poll, 72% of Americans say that they’ll prioritize financial planning once the pandemic is over. What percent do you think actually will? What’s a Corona Purchase?A new term has emerged in the world, dubbed the “Corona Purchase.” Due to boredom, extra savings, or some other reason, people are using this time to make large purchases. Boats, new cars, pools, house projects, etc… Do you think it’s OK if people splurge a little during this time, or should we embrace financial discipline and sacrifice given future economic uncertainty? Should We Have a Second Stimulus Round?Now that it’s been a few months, what’s your assessment of the effectiveness of the stimulus checks and PPP loans? Do you think there should be another round for everyone?The Personal Side - Getting to Know Steve & GabrielFun facts and getting to know us better! From favorite animals to nostalgic memories from the past. Discover some cool things you didn’t know about your show hosts. We have a lot of fun, be sure to listen in!

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There’s a formula for everything, even knowing when you’re ready to retire. Here’s five question to ask yourself: Do you have confidence in your budget? Can you control your spending? Do you have a solid emergency fund? Have you paid your debts? Do you have ‘enough’ to retire?
Setting your retirement date can be exciting but being prepared for retirement is even MORE exciting so you can have peace of mind. Having the roadmap is the key to the worry-free retirement you’ve worked your whole life for.
Tune in now to join us for this discussion!
Today’s Topics· How to know when the right time to retire is?· 25% of Americans are dipping into their retirement accounts due to setbacks from COVID-19· Jason from Wheeling: “I have a variable annuity and I just found that the fees are very high. I’d like to move the money somewhere else, but I’d have to pay a penalty to take it out. Is it worth the penalty to get away from the high fees?”· Samantha from Northbrook: “We want to travel to all seven continents when we retire. Do we need more income in retirement that we have right now?”· Jason from Northbrook: “When should I take less risk with my investments? “

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Everyone loves the idea of tax-free income… what could be better? However, it seems that most people still don’t have a clear picture of whether they should contribute to a traditional IRA or a Roth.
More importantly, why do people who say they want tax-free income, avoid taking action to achieve it? We look to investigate these curiosities and discuss the best strategies to get your money out of the tax system.
Today’s Topics* Why is tax-free income so powerful? * How high will the tax-rates potentially be in the future? * Discussing the difference between a Traditional vs. a Roth IRA, and when the Traditional IRA still makes more sense * Why people (unintentionally) avoid doing Roth Conversions * Investors who say they want one thing, but do something else * Can Indexed Universal Life Insurance (IUL) be used for tax-free income?

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The Coronavirus pandemic has likely led you to hearing a lot more financial buzzwords and it’s possible you aren’t familiar with some of the terms getting thrown around. Let’s take a look at some of the most popular ones and see what we can learn from them.
Tune in now to join us for this discussion!
Today’s Topics
· What to Call What Happened: Bear Market, Downturn, Bubble, meltdown?· Recession vs. Depression: What’s the difference and why?· Types of Recoveries: U-Shaped, V-Shaped, W, Shaped, L Shaped – what does this mean?· VIX: or simply volatility· Tax Loss Harvesting: What is it and can it help?· Index Funds: Are they worth it?· Rebalancing: What does this mean and how often should you rebalance your portfolio?

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It’s been quite the ride in the stock market. Gabriel and Steve are back to discuss the market during the COVID-19 pandemic and what you should be doing today with your investments.
Tune in now to join us for this discussion!
Today’s Topics* ·What’s happened in the stock market recently? * Will volatility continue? * Have we reached the bottom of the bear-market? * What is SGL recommending to clients? * Should you make any changes or reduce your risk?

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There is no doubt that we live in a world economy that needs supplies chains, people working, airports open and tourism to continue. But when the Stock Market follows suit, it leaves investors with a sense and feeling of uncertainty. After we discuss the fears and woes of the coronavirus, we answer Max and Scott’s questions on finding the right advisor and preparing for retirement.
Tune in now to join us for this discussion!
U.S Stocks Set for Further Selling After Quickest Retreat Into Correction in 70 Years (Barron’s)
Wall Street is telling clients the coronavirus meltdown could get worse (CBS News)
Caller Question: “What questions should I ask a financial advisor?” (Max - Kildeer)
Caller Question: “I’m retiring in 6 months, what should I be doing to prepare?” (Scott – Mount Prospect)
Fidelity Customers freaked out Wednesday when a tech glitch caused their 401(k) balances to drop to $0 (MarketWatch)
Walmart Expects to save $60 million annually on shopping bags (MarketWatch)

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Wages are no longer keeping up with the high cost of living. With the costs of home, healthcare and childcare expenses, how can you stay ahead of the curve while maintaining your standard of living? The national debt certainly plays a large part in your cost of living so we can’t underestimate how interest on debt, is a silent killer.
Tune in now to join us for this discussion!
The Great Affordability Crisis Breaking America (The Atlantic)
Alcohol-Free beer helps Heineken to best year in a decade (Yahoo Finance UK)
U.S. runs $32.6 billion January budget deficit, Treasury says (MarketWatch)
Millions of Americans are missing out on Earned Income Tax Credit (USA TODAY)

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Do you like to make money? Because if you do, it all starts with a budget. On today’s episode we’re back with another ‘Deep Dive’ into the world of budgeting and how it can protect you from losing more than you think. Don’t worry, you’ll enjoy this one, even if you don’t enjoy budgeting!
Here’s what was covered in this episode:1) Budgeting basics2) Budget Types / Funding Goals3) Biggest budget miscues4) Advanced BudgetingTune in now to join us for this discussion!
Kobe Bryant Shock Death: $500M Estate Plan Gets Complicated Fast (TheWealthAdvisor)

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Everyone is curious or concerned about how well the stock market will perform this year. But can you really believe everything you hear? After we discuss the market forecasting myths and mysteries, we revisit the list of tax deductions that have disappeared in preparation for the upcoming tax season!
Tune in now!
Forget Stock Market Forecasts. They’re Less Than Worthless (The New York Times)
12 Tax Deductions That Have Disappeared (Yahoo Finance)
How to make self care a priority in 2020 (Chicago Tribune)
Renting is more affordable than buying in almost 50% of these housing markets – and they tend to have one thing in common (MarketWatch)
Megamansions of Michael Jordan, Richard Marx amount 9 priciest languished listings in Chicagoland – here’s where they stand (Chicago Tribune)

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The New Year and new updates to your retirement plan! Today we discuss how the SECURE Act is changing the way you can contribute to your retirement accounts and the new start date to take your RMDs. After that, we converse about all the tax dollars that state of Illinois received after the first day of Marijuana being legalized!
Tune in now!
2019 Stock Market Review: Quick Hits – SGL Financial
How Changes in Retirement and Tax Law Will Help Save You Cash in 2020 (Yahoo Finance)
Why The SECURE Act makes 2020 The Year of Missed RMDs From IRAS (Forbes)
Nearly $3.2 million in legal weed sold in Illinois on the first day of sales, marketing one of the strongest showings in history of marijuana (Chicago Tribune)
Google’s AI system can beat doctors at detecting breast cancer (CNN)

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In honor of our 30th episode today, we take a ‘deep dive’ into reviewing what a retirement income plan really is and how to build one. After our ‘deep dive’, we come up to the surface to see what new technology Elon Musk and Ford have in store for us.
Tune in now!
Special Podcast Deep-Dive
Reviewing Your Retirement Income Plan* What is a retirement income plan? * Do you have a plan? * What should you be reviewing? * What could go wrong?

Ford is turning McDonald’s coffee waste into headlights (CNN)
Tesla reveals Cybertruck, but breaks its ‘unbreakable’ windows during unveiling (CNN)

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Trump’s impeachment trial is leaving everyone with one big question; how is this effecting the markets? Then we jump into spending and saving this holiday and why you need to stay disciplined with your budget. Concluding with a ‘course correction’, we review today’s top ten most expensive cars in the world!
Tune in now!
The stock market heads to record heights even as the Trump impeachment hearings enter a new phase – here’s why (MarketWatch)
How to Choose the Right Budget System (NerdWallet)
Hotel Zachary opens ‘glamp’ site on its terrace, with hot toddies, a hygge vibe and views of Wrigley (Chicago Tribune)
Amazon announces deals, says Black Friday sale starts Nov. 22 (WGN News)
Survey: 1 in 6 shoppers are still paying off last year’s holiday debt (Yahoo Finance)
The 10 Most Expensive Cars in the World (Esquire)

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It’s a cold brisk morning so the heat is on! Callers questions are discussed and answered on investment fees and Medicare options. Then as Gabriel steals the ball back, we get right down to the paint on the court; should students get paid to play.
Tune in now!

Daylight savings time: These states want to make DST permanent (Yahoo)
Caller Question"It’s open enrollment time, should I explore other options for Medicare Part D?" (Rick)
Caller Question"Am I being overcharged for investment fees?" (Debbie)
The NCAA Votes to Allow Student Athletes to be Compensated (Morning Brew)
Tesla’s solar-roof sales will grow ‘like kelp on steroids,’ Musk vows (Market Watch)
Here’s everything Apple isn’t telling you about its new credit card (Market Watch)

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Today Steve takes the wheel and steals the show! We discuss the big economic, “What-If?” and how the herding mentality of investors can really pull the markets in one direction. After the heat is over, it’s all about Food!
Tune in now!
US. Recession Chances Hit 27% Within Next 12 Months: Tracker (Bloomberg)
Behavioral Finance: Concepts, Examples and Why It’s Important (The Street)
The Best Dog Foods, According to Veterinarians (The Strategist)
How Do the New Plant-Based Burgers Stack Up? We Taste-Tested Them (The New York Times)
FedEx Completes First Commercial Drone Delivery (Transport Topics)

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On today’s “shoe”, GE’s pensions follow United Airlines suit into a deep freeze. Next up is our Monthly Stock Market Review and finally, we talk about the elephant in the room: Saving for your retirement or college tuition.
Tune in now!
GE freezes worker pensions – what to do if your employer changes the terms of your retirement plan (MarketWatch)
The No. 1 highest paid, most in-demand job in every U.S. state (MarketWatch)
Monthly Market Review (SGL Financial)
Do You Save for College or for Retirement? What Parents Need to Know (Kiplinger)
When Efforts to Eat ‘Clean’ Become An Unhealthy Obsession (NPR)
‘Storm Area 51’ Fails to Materialize (NPR)

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This week’s episode we discuss what FSAs and HSAs are; (Flexible Spending Accounts and Health Savings Accounts) and which one could be a better option for you. Then we dive into another one of our Listener’s Questions on after tax contributions and converting to a Roth. Is it quite that simple?

Tune in now!
· FSAs Vs. HSAs: Which is the Best Fit for You? (U.S. News)
· Federal Reserve’s interest-rate cuts hurt the economy by tamping down lending (MarketWatch)
· Listener Question – Erico After tax contributions inside of an IRA – can he convert to a Roth IRA?
· Women lag behind men in retirement savings in a big way, report shows (USA Today)
· Willis Tower owner is buying a majority stake in Great Wolf Resorts, which plans to expand its chain of water park lodges (Chicago Tribune)

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On today’s show we introduce our new Monthly Market Update section to keep you ahead of the curve. Our runner up article showcases just how influential one small tweet can be and then we round our show up on how to keep your brain active in retirement years.
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How to keep your 401(k) running smoothly – no matter what (MarketWatch)
JPMorgan has created a ‘Volfefe Index’ to track how Trump’s tweets move markets (CNN)
Client Question – Amy -At our last economic event, Amy asked “Is it better to rent or to buy?”
Monthly Market Summary (SGL)
To Save Your Brain, Fill Your Calendar (AARP)

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Today we look at some interesting, but obvious ways to destroy your retirement. Then, just in case you’re already doing a great job of ruining your retirement, we talk about 38 side hustles to earn extra cash. Finally, we'll tell you how to spend it on a weekend getaway in Grand Rapids, MI!
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10 money pits that can ruin your retirement (MarketWatch)
38 Ways to Earn Extra Cash in 2019 (Kiplinger)
2Q Annuity Sales Bust More Records (The Wealth Advisor)
Fall Weekend Getaway to Grand Rapids (Midwest Living)

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On today’s show we see how the economy is edging closer to a recession and what that means for investors. Then we cover the idea of “cutting the cord” and finally we see how much of a mess Google Maps made.
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Here’s what was covered in this episode:
World Economy Edges Closer to a Recession as Trade Dread Deepens (Bloomberg)
Sentiment Investor Sentiment Survey (AAII)
The days of trying to haggle over your cable TV fee are gone (Yahoo Finance)2020 Mid-Engined Corvette C8: Everything We Know (Motor1)Google Maps Leads about 100 Drivers Into a “Muddy Mess” in Colorado (NPR)

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On today’s show we review the Federal Budget and what more spending means for the economy. Then we switch over to answer one of our listener’s question if she should lend money to a family member and finally, we question Chicago Mayor, Lori Lightfoots’ plan for a new casino.
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Here’s what was covered in this episode:
Federal budget would raise spending by $320 billion (The New York Times)
Listener Question – should I loan money to a family member? “Anna from Oak Brook”
Proving you deserve $20,000 from Equifax settlement will be nearly impossible (CNBC)
Am I Keeping Too Little in My Checking Account? (Money)
Lightfoot names five sites, all on South and West sides, as possible casino locations (Chicago Tribune)

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This week’s episode we talk discuss how your kids can potentially destroy your retirement, gearing up for the big two-day sale on Amazon next week and then learning the basics of how to read trust and what all the legal jargon really means.Tune in now!
Here’s what was covered in this episode:
Don't Let the Kids Wreck Retirement (Kiplinger)
Amazon Prime Day 2019: Everything we know so far (Yahoo Finance)
A Beginner's Guide To Reading A Trust (Forbes)
16 Great Small Towns for Early Retirement (Kiplinger)
Illinois’ Gas Tax Hike: It’s Going to Hit More Than Motorists (Chicago Tribune)

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Our 2 Cents – Episode #019
On today’s show this week, we keep things fun and joyous for our nations upcoming holiday, discuss how Financial Therapy really impacts your overall well-being and ponder on what happens if there’s a shortage of avocados!Tune in now!
Here’s what was covered in this episode:
Fun 4th of July facts (Acei Global)
Using Financial Therapy to Deal With Money Issues (Forbes)
We get more joyful as we age (Forbes)
Sales to Watch for on 4th of July (Yahoo Finance)
Avocado Prices Rising (Yahoo Finance)

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Our 2 Cents – Episode #018One third of the worlds oil flows through the checkpoint at The Strait of Hormuz in Iran; imagine what could happen to the economy if this “black swan” event continues.On today’s episode, we look at what’s happening in Iran and how it can affect the stock market. Then we dive right into the worries and woes of a potential bear market on the horizon.After that we discuss one of our listener’s question; Rick from Mount Prospect, IL want’s to know if now is the time to invest in the Cannabis Industry.We wrap up the show by talking about the $22,393,460,288.22 debt our country is facing and what that means for you and your taxes.Fun fact; Did you know, that in 1835, one of our nations Presidents footed the bill completely eliminating our nations debt?Here’s what was covered in this episode: Will Iran Torpedo The Stock Market? Threats Multiply For The “Longest Bull Market Ever”https://www.forbes.com/sites/jeffcamarda/2019/06/19/will-iran-torpedo-the-stock-market-threats-multiply-for-the-longest-bull-market-ever/#313f51bf607f (Forbes)The Next Bear Market Is Coming: Is Your Retirement Portfolio Ready? https://www.forbes.com/sites/ericbrotman/2019/06/18/the-next-bear-market-is-coming-is-your-retirement-portfolio-ready/#71ceca557da4 (Forbes)Caller Question: Rick from Mount Prospect, IL- Is now the right time to invest in the cannabis industry? Scientists Find Ancient Humans Used Weed 2,500 Years Ago, Toohttps://www.nytimes.com/2019/06/12/health/cannabis-anicent-dead-marijuana.html The New York Times)The National Debt Is Still a Problemhttps://www.nytimes.com/2019/06/20/business/national-debt-trump.html (The New York Times)History of bear markets since 1929https://www.foxbusiness.com/markets/history-of-bear-markets-since-1929 (Fox Business)With More Storms and Rising Seas, Which U.S. Cities Should Be Saved First?https://www.nytimes.com/2019/06/19/climate/seawalls-cities-cost-climate-change.html (The New York Times)BMW Billionaire Heirs Say Their Lives Are Harder Than You Thinkhttps://www.bloomberg.com/news/articles/2019-06-20/bmw-billionaire-heirs-say-their-lives-are-harder-than-you-think (Bloomberg)

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Our 2 Cents – Episode #017Last Minute Gifts for Father’s Day, How to pay for Long Term Care and The Robots are Back! On today’s show with Gabriel, Steve and Trent, they talk about who some last-minute gifts for the Dad’s out there. Letting your Dad win in the 18 rounds of golf just might be worth the drive… All pun intended! We then shift gears and discuss the elephant in the room that no one wants to talk about… long term care. Did you know that 52% of people over the age of 65 will need long term care? That’ something to think about. At the end of the show we wrap it up with the new and cool way to get around Chicago. This Saturday the scooters are coming! Tune in now to hear all the excitement! Here’s what was covered in this episode: 11 last-minute Father’s Day gifts 2019 (Today)https://www.today.com/style/father-s-day-gift-guide-t97926A new way to pay for the single biggest expense in retirement (Marketwatch)https://www.marketwatch.com/story/long-term-care-insurance-has-a-shaky-future-here-are-new-ways-to-tackle-the-high-cost-of-aging-2019-05-22How robots and your smart fridge can keep you out of a nursing home (Marketwatch)https://www.marketwatch.com/story/this-new-tech-can-turn-any-home-into-a-retirement-home-2019-05-219 Popular Weight Loss Diets (Healthline)https://www.healthline.com/nutrition/9-weight-loss-diets-reviewedAlderman introduce plan to hike Chicago’s minimum wage to $15 in 2021 (Chicago Tribune)https://www.chicagotribune.com/politics/ct-met-15-minimum-wage-20190612-story.htmlElectric shared scooters arrive in Chicago on Satruday: Here’s what you need to know (Chicago Tribune)https://www.chicagotribune.com/news/breaking/ct-biz-cb-scooters-are-coming-20190611-story.html

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Join Gabriel, Steve and Trent on this week’s podcast where they discuss an important retirement reform bill called the SECURE Act and the ways in which the new bill could affect your retirement savings and contributions.
We then take some time to talk about debt, and the types of debt that truly impact many of our everyday lives. From student loan and credit card debt and Elizabeth Warren’s plan to #CancelMyDebt, to ways to get credit card perks and reward without applying for a new card, we’ll cover it all.
We shift focus to Social Security where we share our thoughts on whether or not it will be around in the future, and what all that fine print in your statement actually means.
We wrap up this episode with some interesting new updates coming soon to the way you will be able to watch Chicago Cubs games! Don’t miss out! Listen now!

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Our 2 Cents – Episode #015Debating Suze Orman, Reverse Mortgage Highlights and Side Hustles for Extra CashWhen listening to the big celebrity money experts, do they really have your personal goals and interest in mind? On Suze Orman’s own money “no-no list”, Number 6 is: Don’t put blind faith in a financial adviser. If you listen to everything she says, then you’re not listening to her advice. After agreeing to disagree with celebrity money experts, we focus on re-building a sound financial foundation; What is a reverse mortgage, how do they work and is it right for you. And if you need a little boost to your income for some extra spending money, we converse about the 26 ways you can start earning cash today! Here’s what was covered in this episode: Suze Orman Says These are the Biggest No-No’s (Yahoo Finance)https://finance.yahoo.com/news/suze-orman-says-biggest-money-142928266.htmlWhat is a Reverse Mortgage? (Retirement Living)https://www.retirementliving.com/what-is-a-reverse-mortgage26 Legit Ways to Make Money (Nerdwallet)https://www.nerdwallet.com/blog/finance/how-to-make-money-at-home-and-online/Aretha Franklin left 3 handwritten wills, but will they hold up in court? (Fox Business)https://www.foxbusiness.com/features/aretha-franklin-will-legal-courtFord’s Delivery Robot Walks Like a Human (CNN)https://www.cnn.com/2019/05/22/tech/ford-delivery-robot/index.html

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Our 2 Cents – Episode #014Trump’s Trade War, Buying a Timeshare and America’s Biggest Money WastersThe trade war between President Trump and China’s President, Xi Jinping is waging even more now. After Beijing increased tariffs on $60 billion of U.S. goods, President Trump is ready for a sit down. Do you think they will come to terms?After that heavy debate, we discuss whether it’s worth it to buy a timeshare. Can the pros outweigh the cons? The maintenance alone could be the caveat to your decision. Speaking of spending money…. Do you know what the biggest money wasters are for the average American? If you said tattoos and shoes, you might be on to something! Here’s what was covered in this episode: Quick Trump Tariff War Updates (Morningstar)So, Should I Purchase That Timeshare? (SGL Financial)Listener Q&A - Joe from Mt. Prospect - Should my Trust be the Beneficiary of my IRA? (Joe, Mount Prospect)Retirement money Wasters (Marketwatch)What Does it Take to be a Millionaire (Yahoo Finance)Best Companies for Employees (Yahoo Finance)Tune in now to join us for this discussion!

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America’s Strongest Workforce, Managing Your RMDs, G.O.T. Spoiler Alert and the Costs for MedicareOur 2 Cents – Episode #013America’s Strongest Workforce, Managing Your RMDs, G.O.T. Spoiler Alert and the Costs for MedicareBaby boomers are still America’s strongest workforce today. What’s in store for the rest of us once that generation is retired?After that segment, we take a closer look at Required Minimum Distributions and the options you may have lurking behind your door. Should you convert to Roth? Should you reinvest? Or should you take the money and run like Starbucks did from G.O.T.’s last episode?Lastly, we discuss the various options that Medicare has to offer and how much it really costs… Oops, did you think it was free? Here’s what was covered in this episode: Elderly Workforce Has Doubled Since 1985 (Yahoo)The Key Essentials of RMDs (Yahoo Finance)Starbucks Gets $2.3 Billion in free Advertising for Game of Thrones mishap (CNBC)What You Need to Know About Medicare (CNBC)Walmart Doubling Down on Robot Janitors (CNN)Tune in now to join us for this discussion!

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Warren Buffets One Sentence Advice, Pritzker’s Toilets & Taxes and Retiring Without BordersOur 2 Cents – Episode #012Warren Buffets One Sentence Advice, Pritzker’s Toilets & Taxes and Retiring Without Borders!On this week’s podcast, we discuss Warren Buffett’s latest advice; “…Never listen to people like me…” and why time spent in the market is more important than trying to time the market.Governor Pritzker is currently under federal investigation for property tax fraud at his personal mansion in the Gold Coast…that didn’t take long, Illinois!We also discuss some of the most exotic and best weather spots to retire all around the world and whether it’s really worth the move. Tune In Now!Here’s what was covered in this episode: Is the Worst Over yet for Apple & iPhone? (CNN)Warren Buffets 1-Sentence Advice for Investing (Yahoo Finance)Should you invest in Real Estate in Retirement? (CNN)JB Pritzker Accused of Property Tax Appeals Fraud (WBEZ 91.5 Chicago)The Countries With the Best Weather For Retiring Internationally (CNBC)Tune in now to join us for this discussion!

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We are back this week to touch on some important and exciting topics! We start by talking about ways to appeal –and potentially even save thousands of dollars on – your property taxes.Then we dive into some great questions from a few of our listeners, and we'll take a look at some of the hottest summer travel destinations. Have you been to any of these amazing locations?We also spend some time discussing why you may have gotten a surprise when you got your tax refund this year, and what the future of Social Security looks like, according to a recent report.Then we wrap up with some news that might be difficult for any Chicagoan to hear – were Garrett Popcorn recipes stolen?This Week's Highlights: 8 Steps to Appeal Your Property Tax Bill [Kiplinger] * Listener Q&A - Should I Convert My 401(k) to a Roth if I Plan to Retire in 10 Years? [Ken, Arlington Heights] * Listener Q&A - What Should I Do With My Old Annuity from 8 or 9 Years Ago? [Richard, Northbrook] * 20 Best Summer Vacations [U.S. News] * Shocked by Your Tax Refund? Next Year Could Be Worse Unless You Act Now [The New York Times] * Social Security Shortfall: Trust Fund to Run Dry in 2035, Trustees Predict [Fox Business] * Garrett Popcorn Alleges Former Employee Stole Secret Recipes [Chicago Tribune]*

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Today we take a look at the 10 most Googled retirement terms, including the #1 searched retirement question - can you guess what it is? We also talk about ways to save on travel, especially while we are in the 8th straight week of rising gas prices!
We spend some time discussing what an inverted yield curve actually means and why although it is considered an indicator of a recession, that does not necessarily mean we should expect one soon.
Then we wrap up with some topics that are close to home for many of us, Illinois taxes and Illinois baseball! Join Us on This Episode Now!
The No. 1 Question Americans Ask Most About Retirement [MarketWatch] * Gas Price Climbs to Another Record High for 2019 [MSN Money] * 5 Ways to Save on Long Weekend Travel [Yahoo! Finance] * Should We Fear an Inverted Yield Curve? [Allianz Global Investors] * Here's What Happened After Illinois' Income Tax Jumped 67% [Crain's Chicago Business] * Schwarber, Cubs Beat Pirates 10-0 in Wrigley Opener [NBC Chicago]*

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We work most of our lives to be able to retire happy and with peace of mind, but there are plenty of reasons those plans can get derailed. On this week's podcast, we review "10 Retirement Killers" you should be on the look out for.
We also discuss some great personal finance tips to keep top-of-mind, we take dive into the Sears life insurance debacle and have a bunch of fun along the way with a listener question and April Trivia! You Don't Want to Miss This Episode!

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Retiring early can sound like a dream for many people, but we'll share one major consideration you may be missing in your plan. Also, we'll dive into what Modern Portfolio Theory means and why it should be something you're familiar with. Be sure to get your tickets for the big lotto drawing and let us know if you'd take the lump sum or annual payments!

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With spring feeling right around the corner, why not think about getting some great airfare at a cheap price? We’ll show you the top tricks! Also, get the updated scoop on the College Admissions Scandal and some savvy strategies for smart IRA withdrawals and avoiding penalties

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Steve is back to join Gabriel and Trent this week as they cover a range of important financial topics, as well as the upcoming St. Patrick's Day festivities in Chicago and a whole lot more! Don't miss this episode!

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Gabriel and Trent hold down the fort on "Our 2 Cents" this week while Steve is travelling. They discuss the Chicago Polar Plunge, retirement planning decisions, taxes that might impact Illinoisans and a bunch more!

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Gabriel, Steve and Trent have fun on this episode of "Our 2 Cents" answering questions from a couple of our listeners, talking about a stock market indicator you may not be familiar with, recapping Warren Buffett's take on Bitcoin and a lot more!

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On this episode, join Gabriel, Steve and Trent as they discuss the prevalence of "Romance Scams", how to effectively prepare for retirement and even moving to mars!

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Steve, Gabriel and Trent discuss recent financial news, Valentine's Day and a lot more!

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Steve and Gabriel are joined on this episode by Trent Martin as they discuss recent financial news, the Polar Vortex we just experienced here in the Midwest and a lot more!