Stay Wealthy Retirement Podcast

Latest Episodes:

Your Old 401(k): to Rollover, or Not to Rollover Nov 20, 2018

Show notes

Did you know? The average cost per year for a 401(k) participant is 2.2% of their account balance, according to SmartAsset.

This number is rapidly declining, but even if you cut it in half, it would still be concerning.

When you leave a company, you have three options for dealing with your 401(k):

Leave it at your previous employer
Transfer it to your new employer
Roll it over to an IRA at a trusted custodian

And, given how much you might be paying in fees, I don't recommend neglecting this part of your financial plan.

In today's podcast episode, we talk about each of these options and help you decide which is best.

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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

Find show notes and more information at http://www.staywealthysandiego.com/35

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.

Do Not Invest Your Money Until You Listen to This Interview with Dr. Daniel Crosby Nov 06, 2018

Show notes

Human beings are inherently bad with money. We buy high. Sell low. Spend too much. Save too little.

We are greedy when we should be fearful.

We are fearful when we should be greedy.

On paper, it seems so simple. We know what we are supposed to do, but year after year, generation after generation, we keep making the same mistakes.

Why we make simple mistakes with our money is more complicated than you might think. Fortunately, we have Dr. Daniel Crosby on the show today to break down for us, in plain English.

Daniel is a New York Times best-selling author, psychologist, and behavioral finance expert. He has a new book out called The Behavioral Investor and today on the podcast we talk about:

How society, the body, and the brain interfere with our financial decisions
The four primary types of behavioral biases
Exactly what we can do about all of this information and research to become better investors

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

Find show notes and more information at www.youstaywealthy.com/34

529 Accounts: Three Things That Are More Important Oct 23, 2018

Show notes

"Better start planning for college!" – Every financial planner when you tell them you're having a baby

Speaking of having a baby, my second son was born the day this podcast episode was recorded.

Please welcome Sutton Cole! He weighed 7 pounds 7 ounces, he's sleeping like a champ, and he doesn't have a 529 college saving account.

While planning for college is important, there are three things more important than opening a 529 college savings account when you have a child.

Listen to today's show to learn the critical financial planning moves new parents (or parents that haven't started planning) need to make.

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

Find show notes and more information at http://www.staywealthysandiego.com/33

Cybersecurity: Everything You Need to Know to Stay Safe Online Oct 09, 2018

Show notes

Cybersecurity. We know how important it is but don't want to take action.

We don't think anything will happen to us.

If it does happen to us, we assume there must be a way an easy way out.

That's not always the case. So, today, I'm going to give you three easy ways you can improve your cybersecurity and stay safe online.

If you follow a few basic steps you can avoid exposing your own information or becoming victim to financial fraud.

Links, show notes, and resources: www.youstaywealthy.com/32

Stacking Benjamins Interview: Taylor's First Home Purchase Did Not Go As Planned [REPLAY] Sep 25, 2018

Show notes

The original interview aired on Stacking Benjamins 12-26-2017

As some know, the last several years have been a roller coaster for my family. We poured our life savings into our first home and things didn't quite go as planned.

The good news? It was just money. And it was just a house. It could have been much worse and we reminded ourselves of that every day.

That chapter of our life is now behind us and I had the opportunity to laugh and vent about it on one of the top business/finance podcasts last year.

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

Top 3 Tax Saving Tips That Fly Under the Radar Sep 11, 2018

Show notes

Right now is the perfect time to start thinking about your 2018 tax bill. Not year-end. Not the first week of April just before you meet with your CPA. Right. Now.

With some proper planning, you can make some strategic moves that will help you save money on taxes today and in the future.

Today, we're sharing three tax strategies that are often overlooked or unknown to the general public. They include:

Donor-Advised Funds
Mega Backdoor Roth
Asset Location

We'll explain what each of these are, why they can work for virtually anyone, and how to get started.

We also tackle a listener question about when it's time to start working with a financial advisor.

Links, show notes, and resources for this episode: www.youstaywealthy.com/30

How to Buy Life Insurance the Smart Way Aug 28, 2018

Show notes

Life insurance is wildly misunderstood and often oversold.

In today's episode, we take a deep dive into the world of life insurance to show you how to buy it the right way, saving you money, time, and future headaches.

We discuss:

Why we buy life insurance to begin with
How to know when you need it
What types of life insurance you should consider
Where to buy it to make sure you're getting a good deal.
Plus, why you might not want to buy life insurance through your employer.

As a bonus, we also share some resources for finding insurance money out there that you are entitled to.

We also tackle a listener question about 529 college savings plans and the proper way to get one set up for kids and grandkids.

Links, show notes, and resources for this episode: www.youstaywealthy.com/29

International Stocks: Do I Really Need to Own Them? Aug 14, 2018

Show notes

In today's episode, we review the major reasons you should consider including international stocks in your investment portfolio. (Hint: it's not for a higher rate of return.)

In addition, we discuss:

How to invest in international stocks
What asset classes belong in a portfolio and what asset classes should be removed
The proper percentage to allocate to each asset class
How to implement this portfolio on your own
A look at our portfolios and how we construct them

Links, show notes, and resources for this episode: www.youstaywealthy.com/28

Your Questions Answered...Live! Jul 17, 2018

Show notes

Today, we are taking questions from you, the listener. We asked you what keeps you up at night and what's been on your mind and you responded with some fantastic questions.

Some of the topics we explore in today's episode include:

Saving for retirement after you have maxed out your company plan (i.e. 401k, 457, 403b)
Whole life insurance and why it's probably not a good savings tool
The power of the HSA (Health Savings Account)
Bitcoin and cowboy accounts
Buying versus renting a home

Show notes: www.youstaywealthy.com/26

Dividend Stocks: 5 Reasons to Stay Away Jul 03, 2018

Show notes

Search "dividend stocks" and Google will return over fifty million results in less than half of a second.

Dividend stocks have long been referred to as a solid investment strategy. Not because of their historical performance or tax efficiency but because they tell a good story.

Unfortunately, when you really dig down into the numbers and compare dividend investing to the alternatives, the story falls apart.

In today's episode, we're going to take a deep dive into the world of dividend-paying stocks and what you should be thinking about by exploring:

What a dividend is
Why people gravitate towards dividend paying stocks
5 reasons most people should avoid dividend paying stocks
Alternative ways to create more value and income in your portfolio through Total Return Investing

If you want to better understand dividends and learn about the right way to generate income with your portfolio, you're going to want to listen to all of today's episode.

Show notes: www.youstaywealthy.com/25

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