Stay Wealthy Retirement Podcast

Latest Episodes:

Should You Get in on the Next Big IPO? May 28, 2019

Show notes

Uber and Lyft are two big companies that made a huge splash with their IPOs recently, but it remains to be seen whether either will become profitable.

Both have posted billions in losses so far and it doesn't seem like that will change any time soon.

With that in mind, it makes you wonder why so many investors pay tons of money to invest in IPOs as soon as they can. I mean, what's the big deal?

In today's show, I'm going to dive into this topic and provide some academic data that sheds light on IPOs.

Once you know more about them and how they've performed historically, you may come to see IPOs for what they are — an exciting event that will more than likely cost you money if you get involved.

Show Notes & Links: www.youstaywealthy.com/45

DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.

Why You May Need Disability Insurance — Even if You Are Approaching Retirement May 14, 2019

Show notes

It's easy to believe you'll always be in great health, but the truth is, none of us knows what the future brings.

You may be in great shape today but find yourself gravely ill or disabled within a few weeks.

This change of events would inevitably muck up your retirement plans, and a loss in income could even leave you scrambling to keep up with regular bills.

That's where disability insurance kicks in. This type of coverage can replace part of your income when you become sick or disabled and unable to work.

Disability insurance isn't typically "cheap" per se, but it can be well worth it for the peace of mind alone - and even more valuable if you ever need to file a claim.

Today we're going to talk about how this insurance works, what to look for in a policy, and why getting a free policy from your employer doesn't mean you're truly protected. We'll also talk about why you could need disability coverage in the last few years of your career.

Listen to today's podcast episode to find out if you have enough protection.

Show Notes & Links: www.youstaywealthy.com/44

Want to Retire? Avoid These Three Tragic Investing Mistakes Apr 30, 2019

Show notes

When it comes to investing, historical returns show us that, for the most part, a buy-and-hold strategy will always outperform an active one. This means that, once you have a concrete investing plan in place, you should stick with it through thick and thin — and no matter what the market does on any given day.

But that doesn't mean you can randomly buy stocks and bonds and expect things to go your way. Well, you can, I guess...but you will likely regret it for years to come if you do.

In today's podcast, I interviewed Peter Lazaroff, financial expert and author of Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever to find out the biggest mistakes even the most well-intentioned investors make with their portfolios over time.

His answers may surprise you, so you don't want to miss out.

Show Notes & Links: www.youstaywealthy.com/43

Saving for a Home? Don't Make These Mistakes With Your Down Payment Apr 16, 2019

Show notes

Buying a home comes with huge financial implications, and many of them come into play well before you make an offer and close on your mortgage. You could spend months, years, or even decades saving up the down payment for your home — and that's especially true if you plan to save 20% or more or if you live in an expensive area.

To make the most of your situation, you'll need to focus on two main imperatives — figuring out where to save your down payment funds, and deciding on a mortgage that fits in with your budget and your goals.

Many people assume picking a mortgage is a piece of cake, but that couldn't be further from the truth. While it's easy to think you'll just get a 30-year, fixed-rate mortgage because that's what all your friends and colleagues have done, a home purchase provides the perfect opportunity to think differently about what you really want.

In this podcast, we'll go over my thoughts on where you should save your down payment during any timeline of less than ten years. But we'll also talk about the mortgages available today — and how the obvious mortgage choice isn't always the best.

Ready to start saving for your dream home? Listen to today's podcast episode to learn how.

Show Notes & Links: www.youstaywealthy.com/42

When to Take Social Security + How to Fix a Common Mistake Apr 02, 2019

Show notes

The most common question about Social Security is "when should I take it?"

It's a simple question but there are a number of factors that need to be considered before you can accurately answer.

If you're already taking Social Security, don't panic. There may be a solution for you if you want to change the timing of your benefits after listening to this episode.

To summarize, today on the show I'm talking about:

The optimal time for most people to take Social Security
Why your investment strategy might impact when you decide to take your benefits
How to fix a common Social Security mistake

Show Notes & Links www.youstaywealthy.com/41

How to Protect Your Digital Assets with Jamie Hopkins Mar 19, 2019

Show notes

Think you don't have anything of value online? Think again. The reality is, almost everyone who uses the internet in any capacity has digital assets to protect.

Digital assets can include any account or information you preserve on the web — things like email accounts and your social media accounts. A digital asset could also be anything you own online, such as a personal blog or a website for your business.

If your goal is protecting yourself and your heirs from modern pitfalls like having your bank account hacked, having fraudulent purchases charged to old credit cards, or identity theft, it's crucial to have a plan in place to protect your digital assets while you're alive and once you're gone. And that's what today's podcast is about.

To help you hatch a plan to care for the digital assets we often forget about, I interviewed estate planning expert Jamie Hopkins.

In today's show, our expert explains the importance of digital assets in our modern lives as well as steps we can take to prevent unnecessary stress on the people we love the most.

Ready to protect your online information? Listen to today's podcast episode to learn how.

Show Notes & Links www.youstaywealthy.com/40

How to Lower Taxes in Retirement Mar 05, 2019

Show notes

Are you a working professional? If so, now is the perfect time to make smart moves to lower taxes in retirement.

Nearing retirement or already retired? Don't worry, it's not too late to win the game against the I.R.S.

Remember, it's very possible to have a higher tax bill in retirement than as a working professional.

Where do these taxes come from?

Required Minimum Distributions (RMDs)
Social Security
Pensions
Real Estate Income
Roth Conversions
Interest and Dividends
Capital Gains

Without the proper planning, you could be in for a rude awakening.

Check out this week's podcast episode to learn how you can reduce your tax bill in retirement. I'm breaking it down for you in plain English.

Show Notes & Links: www.youstaywealthy.com/38

10 Biggest Mistakes to Avoid When Hiring a Financial Advisor Feb 19, 2019

Show notes

Did you know anyone can call themselves a financial advisor?

Or a financial planner, a wealth manager, an investment manager… the list goes on and on.

Believe it or not, these titles have no legal or regulatory meaning.

They're not evidence of experience or education. They're just marketing tools.

In fact, you could call yourself a wealth manager right now if you wanted!

That's just one reason why finding a trained, experienced, and legitimate financial advisor who works in your best interest at all times and won't sell you and products is tough.

But, I'm here to help!

Today, I'm talking about the 10 biggest mistakes to avoid (plus, the questions you need to ask!) before hiring a financial advisor to help with retirement.

Show Notes: www.youstaywealthy.com/38

Questions & Feedback: podcast@youstaywealthy.com

Avoid Massive Investment Mistakes by Using an Investment Policy Statement (IPS) Feb 05, 2019

Show notes

Decades of hard work and savings can be wiped away with one bad investment decision.

Don't believe me? Just ask this guy:

"I took out a $75,000 mortgage, put it all in bitcoin (at $19,442) and right now I have $48,639 left!!! WTF!!! DO I SELL OR KEEP HOLDING!?!?!" (Twitter, December 21, 2017)

If you have any amount of money invested in stocks and bonds (or a home you are tempted to leverage), you need something to protect you from making catastrophic mistakes.

That's where an Investment Policy Statement (IPS) comes in.

An IPS:

Dictates how your money is going to be invested
Prevents your financial advisor from going rogue with your money
Protects you from yourself if you manage your own investments

Learn more about Investment Policy Statements, what they are, how to create one, and what information should be included in this weeks podcast episode.

Thanks for Listening

Be sure to subscribe on iTunes, Stitcher, Spotify, Android, or wherever you get your podcasts. And feel free to drop us a line at podcast@youstaywealthy.com

3 Super-Easy (and Important!) Year-End Planning Tips Dec 18, 2018

Show notes

In this episode, I share:

Three super-easy financial planning tips you should tackle before 2018 wraps up. Don't worry, it's not your typical "contribute the maximum to your retirement accounts."
A Tweet from Jim O'Shaughnessy that approaches the recent market volatility in a thoughtful and unique way.
A BIG THANK you from us and where we are headed next.

If you have any more questions, please contact us at podcast@staywealthsandiego.com

Thanks for Listening

Be sure to subscribe on iTunes, Stitcher, Spotify, Android, or wherever you get your podcasts. And feel free to drop us a line at podcast@staywealthsandiego.com

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