Best of Simply Money
246 episodes - English - Latest episode: 2 days ago - ★★★★★ - 5 ratingsThe Best-of Simply Money is a weekly collection of the best segments that originally aired for the daily show on 55KRC. Amy Wagner and Steve Hruby cover all topics that affect your wallet: insight into business news, consumer finance, and retirement planning.
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Episodes
A milestone in the fight against inflation, when you should call your financial advisor, and when buying travel insurance makes sense.
July 12, 2024 18:00 - 38 minutes - 35.5 MBOn this Best of Simply Money podcast, Amy and Steve break down the inflation report that could fuel an interest rate cut. Plus, they discuss the benefits of automatic 401(k) enrollment, and when it’s time to reach out to your trusted financial planner.
Breaking down the first half of the year, steps to take to retire early, and does being rich matter?
July 05, 2024 18:00 - 39 minutes - 53.9 MBOn this Best of Simply Money podcast, Amy and Steve review the first half of 2024 and detail the mid-year financial checkup you should consider. Plus, why being wealthy is more than just a number.
The calm before the storm, a deep dive into asset allocation, and when cash is NOT king.
June 28, 2024 18:00 - 38 minutes - 35.5 MBThe markets are in the midst of an extremely calm period. On this Best of Simply Money podcast, Amy and Steve discuss the reasons why, explain why it won’t last, and provide important context.
Why now is an important time to review your financial plan, plus how to inflation-proof your portfolio.
June 21, 2024 18:00 - 38 minutes - 35.7 MBThey say you shouldn’t build a boat in the middle of stormy seas. On this Best of Simply Money podcast, Amy and Steve discuss the steps you should take with your money right now while the waters are calm. Plus, they examine whether you should tweak your portfolio before tax cuts expire at the end of next year.
A cool inflation report, what the IRS doesn’t tax, and why some won’t get their 401(k) match.
June 14, 2024 18:00 - 38 minutes - 35.3 MBFor the first time in two years, the cost of goods and services did not rise. On this Best of Simply Money podcast, Amy and Steve examine the possible impact on interest rates. Plus, they’ll take a look at when the time comes to give up financial control.
The power of fear and greed, 401(k) changes that would benefit you, and major purchases that retirees regret.
June 07, 2024 18:00 - 39 minutes - 35.9 MBThey are the two most powerful emotions investors act on. Fear and greed. On this Best of Simply Money podcast, Amy and Steve discuss the ramifications of those feelings with world renowned investment manager Apollo Lupescu. Plus, they play some retirement ‘fact or fiction.’
SPECIAL EPISODE: Will the Presidential election impact your investments?
May 29, 2024 21:00 - 17 minutes - 16.5 MBSome investors are wondering whether they need to tweak their portfolios as the race for the White House gets closer. Maybe even you. On this special episode of the Best of Simply Money podcast, Amy and Steve speak with a man known as the “secretary of explaining stuff.” He is Dimensional Fund Advisors Vice President Apollo Lupescu, and his precise data clearly shows how you should react.
1,282 reasons to stay invested in the stock market.
May 24, 2024 18:00 - 38 minutes - 35.7 MBOn this week’s Best of Simply Money podcast, Amy, Steve, and Allworth Chief Investment Officer Andy Stout provide concrete data that explains why getting in and out of the market is a horrible idea. Plus, they discuss the warning signs of a bad investment.
An investor friendly inflation report, the return of the meme stock craze, and Social Security myths debunked.
May 17, 2024 18:00 - 38 minutes - 53.4 MBOn this week’s Best of Simply Money podcast, Amy and Steve discuss whether a cooler than expected inflation report has a bigger impact on your 401(k), or your wallet. Plus, they discuss the impact that money has on mental health.
The impact of the great wealth transfer, how long your savings should last you, and retirement fact or fiction.
May 10, 2024 18:00 - 38 minutes - 35.2 MB$85 trillion dollars will soon be in the hands of younger generations. On this week’s Best of Simply Money podcast, Amy and Steve discuss how each generation should take advantage of this massive movement of money.
The Fed stays put, the proper 401(k) allocation, and why you might retire sooner than you want.
May 03, 2024 18:00 - 38 minutes - 35.4 MBOn this week’s Best of Simply Money podcast, Amy and Steve discuss the Fed’s decision to keep interest rates the same once again. Plus, the questions to ask yourself when you are creating your 401(k) objectives.
A victory for investors on the road to retirement, a push to bring back pensions, and you ‘Ask the Advisor.’
April 26, 2024 18:00 - 38 minutes - 35.2 MBThe Department of Labor released its final version of a rule that will require certain so-called financial advisors to put your self-interest before theirs. On this week’s Best of Simply Money podcast, Amy and Steve discuss the implications of this move. Plus, financial documents you should keep forever.
Investors stay the course despite Middle East tension and so should you.
April 19, 2024 18:00 - 38 minutes - 35.3 MBOn this week’s Best of Simply Money podcast, Amy and Allworth’s Andy Shafer explain why standing still during times of crisis is crucial on the road to retirement. Plus, they discuss the danger of lowering 401(k) contributions, and spending strategies in retirement.
The fight to lower inflation hits a snag, a deep dive into financial literacy, and advice from the king of investing.
April 12, 2024 18:00 - 39 minutes - 35.9 MBOn this week’s Best of Simply Money podcast, Amy and Steve discuss the implications of a hotter than expected inflation report. Plus, they tackle one of the most important issues when it comes to personal finance. Financial literacy.
The seven essential components of a proper financial plan.
April 05, 2024 18:00 - 38 minutes - 35.5 MBIf you want to one day live a life where you no longer have to worry about money, you need a solid financial plan. On this week’s Best of Simply Money podcast, Amy and Steve break down the key planning elements you need to make that happen. Plus, a lesson on capital gains taxes, and Amy and Steve play retirement fact or fiction.
The impact of two years of interest rate hikes, a massive lawsuit against Apple, and retirement fact or fiction.
March 29, 2024 18:00 - 38 minutes - 35.1 MBOn this week’s Best of Simply Money podcast, Amy and Steve take a big picture look at how eleven interest rate hikes have affected monthly mortgage payments, car bills, and more. Plus, why Apple isn’t immune to controversy and the takeaways for investors.
The Fed talks rate cuts and the market goes bonkers. Plus, how to become a 401(k) millionaire, overcoming the fear of Social Security’s future, and financial moves to make this spring.
March 22, 2024 18:00 - 38 minutes - 35.6 MBPowell speaks and the investors listen. On this week’s Best of Simply Money podcast, Amy and Steve discuss the news conference that spawned record stock market highs. Plus, will the government yank Social Security benefits from you in the future? Amy and Steve take a deep dive into the situation.
Retirement mistakes you’ll regret forever, health options if you retire before 65, and the rising cost of dying.
March 15, 2024 18:00 - 38 minutes - 35.6 MBOn this week’s Best of Simply Money podcast, Amy and Steve discuss key errors that retirees make that will impact not only the retiree, but their heirs. Plus, how to navigate healthcare costs if you decide to stop working before qualifying for Medicare.
The habits of successful investors, the magic of a 401(k), and we play retirement ‘Fact or Fiction.’
March 08, 2024 19:00 - 38 minutes - 35.5 MBOn this week’s Best of Simply Money podcast, Amy and Steve explain why you don’t have to be a millionaire to develop good habits on the road to retirement. Plus, how to move on financially following a layoff, and they reveal the top investing quotes of all time.
The most common financial questions answered, what to do when your advisor is retiring, and you ‘Ask the Advisor.’
March 01, 2024 19:00 - 38 minutes - 35.4 MBOn this week’s Best of Simply Money podcast, Amy and Steve take the top questions investors ask financial advisors and answer them. Plus, a breakdown of the estate documents you need.
Why the most popular companies may not be the best ones to invest in.
February 23, 2024 19:00 - 39 minutes - 35.8 MBOn this week’s Best of Simply Money podcast, Amy and Steve explain why the most admired companies may not make your retirement dreams come true. Plus, why crypto ads are targeting baby boomers, new rules for inherited IRAs, and whether taking a pay cut is worth it.
Inflation comes in hot, the best time to take Social Security, and what to ask before making that big purchase.
February 16, 2024 19:00 - 38 minutes - 35.3 MBOn this week’s Best of Simply Money podcast, Amy and Steve discuss whether January’s hotter than expected inflation report is cause for concern. Plus, the impact sports betting could have on your taxes, and a look at when it makes sense to take Social Security.
Retirement planning mistakes you’ll regret for the rest of your life
February 09, 2024 19:00 - 38 minutes - 35.6 MBOn this week’s Best of Simply Money podcast, Amy and Steve break down the list of specific errors you need to avoid making on the road to retirement. Plus, navigating health insurance costs before turning 65, the new cost of dying, and when reducing income can make financial sense.
The Fed says ‘not so fast’, a deep dive into the Social Security trust fund, and you ask the advisor.
February 02, 2024 19:00 - 38 minutes - 35.5 MBOn this week’s Best of Simply Money podcast, Amy and Steve explain why the Fed won’t commit to lowering interest rates in March. Plus, they examine whether the Social Security trust fund is invested properly, and answer your retirement planning questions.
When to react to up and down markets, how to prepare for the unexpected, and more!
January 26, 2024 19:00 - 38 minutes - 35.6 MBOn this week’s Best of Simply Money podcast, Amy and Steve discuss the moves to make when the markets are rising, and when they are not. Plus, how to bounce back from a financial shock, and a list of items collecting dust that could be worth a fortune.
The biggest mistakes investors make, the financial advice people say they want, and you ‘Ask the Advisor.’
January 19, 2024 19:00 - 38 minutes - 35.4 MBThe road to financial independence is paved with bad decisions. Amy and Steve reveal common investing mistakes and how to overcome them. Plus, advice for those who have a dual income and no kids, and Amy and Steve answer your questions in our ‘Ask the Advisor’ segment.
Inflation comes in a little hot, Bitcoin ETFs are approved, and we play retirement ‘fact or fiction’.
January 12, 2024 19:00 - 39 minutes - 36 MBThe data is out and inflation is a little hotter than expected. Amy and Steve break down what this will mean for interest rates going forward. Plus, it’s now easier to invest in Bitcoin. But does that make the investment any safer?
Financial goals to set for 2024, stretching your money in retirement, and ways to save on that next big getaway.
January 05, 2024 19:00 - 38 minutes - 35.6 MBWhat will 2024 hold for your money? How will the stock market do? Will we enter a recession? Amy and Steve break down what you can expect. Plus, they reveal the financial goals that should be on everyone’s list for 2024.
The dirty little secrets of retirement
December 29, 2023 19:00 - 39 minutes - 35.7 MBIt’s no secret that having financial freedom later in life is a goal for many. However, there are some surprises that could derail your plan. Amy and Steve tell you what to look for. Plus, ways to prepare for an inheritance, maximizing the value of your birthday, and how to lower your auto insurance premium.
The worst financial predictions of 2023, a deep dive into the after-tax 401(k), and more.
December 22, 2023 19:00 - 38 minutes - 35.4 MBThey said 2023 would be painful. Boy were they wrong. Amy and Steve discuss the lessons to be learned from the so-called experts who blew their predictions. Plus, when after-tax contributions to a 401(k) make financial sense.
A market milestone, bonds under attack, and why retirees might spend more than they thought they would.
December 15, 2023 19:00 - 38 minutes - 35.7 MBThe Dow Jones Industrial Average crossed a level never seen before. Steve and Amy explain the reasons why and discuss how investors should react. Plus, they give their take on new research that suggests that a portfolio consisting of 100% stocks is the best allocation.
SPECIAL EPISODE: An interview with the founder and CEO of Jersey Mike’s.
December 08, 2023 19:00 - 39 minutes - 36.1 MBSteve and Amy sit down with Peter Cancro, the man who turned one sub shop into a multibillion-dollar company. Plus, they reveal the financial resolutions to make for 2024, and play a little retirement ‘fact or fiction.’
Predictions galore, charitable donation advantages, and four life events when you should call an advisor.
December 01, 2023 19:00 - 38 minutes - 35.4 MBWill the stock market go boom or bust in 2024? Amy and Steve break down the newest predictions and explain why it’s all just a bunch of noise. Plus the connection between your health and your money.
401(k) mistakes to avoid, a key time on the road to retirement, and sage advice from Warren Buffett
November 24, 2023 19:00 - 39 minutes - 36 MBThe 401(k) often holds the largest chunk of a nest egg. Amy and Steve discuss specific mistakes to avoid with that account if you want to both grow your money and protect it. Plus, how genetics can play a role in the financial planning process.
Inflation cools and the stock market goes bonkers.
November 17, 2023 19:00 - 38 minutes - 35.7 MBIs the Fed about to achieve the magical ‘soft landing?’ Steve and Amy break down the new inflation numbers. Plus, pain in the housing market, the financial benefits of giving, and retirement ‘fact or fiction.’
The state of the economy, a crackdown on poor retirement advice, and misconceptions about Social Security.
November 10, 2023 19:00 - 38 minutes - 35.2 MBAre all of those Fed interest rate hikes finally starting to slow the economy? Allworth’s Steve Hruby, Brian James and Andy Stout discuss. Plus, key moves that will derail you on the road to financial independence.
The Fed pauses again, 401(k) and IRA contribution limits revealed, and one major misconception about retirement.
November 03, 2023 18:00 - 38 minutes - 35.6 MBDid the Fed just finish raising interest rates? Amy and Steve break down the clues that suggest it’s possible. Plus, they reveal the amounts you can contribute to your retirement accounts in 2024.
Irresponsible financial headlines, where to find free money, and improving that scary retirement outlook.
October 27, 2023 18:00 - 38 minutes - 35.5 MBSome recent headlines suggest a stock market crash could happen. Amy and Steve keep you from freaking out. Plus, the financial mistake that one in four couples is making that can be fixed in minutes.
Why now is a critical time to adhere to the fundamentals of investing.
October 20, 2023 18:00 - 38 minutes - 35.1 MBWar in the Middle East. Turmoil in Congress. Is it time to lower your portfolio risk? Steve and Allworth Advisor Michael Coates explain why the key for investors right now is calm. Plus, the danger of thinking you won’t live long, and major misconceptions about Social Security.
Inflation won’t budge, Social Security benefit details for 2024, and the pros and cons of retiring really early.
October 13, 2023 18:00 - 38 minutes - 35.4 MBWhy won’t the inflation rate drop? Steve and Amy look under the hood. Plus, tax moves to consider right now, and when retiring early makes sense, and when it doesn’t.
When you’re about to make a poor financial decision, the pros and cons of prenups, and more!
October 06, 2023 18:00 - 38 minutes - 35.3 MBDo you know when you are about to railroad your path to financial independence? Steve and co-host Steve Hruby examine the warning signs. Plus, the key questions to ask when receiving an inheritance, and we answer your questions.
How to behave when your portfolio loses value, and a fresh take on the concept of saving money.
September 29, 2023 18:00 - 38 minutes - 35.3 MBWhen your portfolio drops in value, what should you do? Amy and Steve examine several strategies out there and come to a conclusion that is best for most investors. Plus, they discuss when it’s time to fire your advisor, and play retirement ‘fact or fiction.’
The Fed stands still, the best local colleges, and can you really beat the market?
September 22, 2023 18:00 - 38 minutes - 35.3 MBThe Federal Reserve decided to leave interest rates alone. Steve and co-host Steve Hruby examine the implications of the move and what the Fed could do next. Plus, the financial impact of marrying later in life, how to save on vacation rentals, and you ‘Ask the Advisor.’
The new inflation report, student loan repayment advice, your questions answered, and more.
September 15, 2023 18:00 - 38 minutes - 35.5 MBWhat should you make of the latest inflation data? Steve and co-host Steve Hruby look under the hood to uncover the real story. Plus, they discuss the ultimate example of timing the market and why they consider it gambling.
Where to capitalize on higher interest rates, a scary headline debunked, and the best time to buy and sell a used car.
September 08, 2023 18:00 - 38 minutes - 35.3 MBThe Fed might be finished hiking interest rates. Amy and Steve explain how to take advantage before it’s too late. Plus, the price of grief and how to deal with it.
The next step in the fight against inflation, the worst assets to pass on to heirs, and how sleeping can save you thousands.
September 01, 2023 18:00 - 38 minutes - 35.2 MBWhen will the Federal Reserve start cutting interest rates? Steve, co-host Steve Hruby, and Allworth Chief Investment Officer Andy Stout discuss. Plus, the danger of getting financial advice from a chatbot, and we play retirement ‘fact or fiction.’
Economists blow their predictions again, and how to become a 401(k) millionaire.
August 25, 2023 18:00 - 38 minutes - 35.5 MBThey said we would be in a recession by now. Steve, co-host Steve Hruby, and Allworth Chief Investment Officer Andy Stout show how so-called experts got it wrong again. Plus, why boring is best when investing in your 401(k).
‘Soft landing’ talk, a possible Social Security cut, and overcoming the fear of retirement.
August 18, 2023 18:00 - 38 minutes - 35.5 MBWhat happened to that recession that was supposed to have happened by now? Steve, co-host Steve Hruby, and Allworth Chief Investment Officer Andy Stout discuss the chances of a ‘soft landing’ and explore the possibility of there being ‘no landing’. Plus, the amount of money retirees could lose if Congress doesn’t fix an issue with the Social Security trust fund.
A sticky inflation report, the ins and outs of an HSA, and Taylor Swift’s incredible impact on the world economy.
August 11, 2023 18:00 - 37 minutes - 34.1 MBInflation remained stagnant in the month of July. Amy and Allworth advisor Brian James look at why some Fed members may not care this time around. Plus, they discuss whether you should use the investment option of your health savings account? (HSA) Plus much more.
What Rip Van Winkle can teach you about investing.
August 04, 2023 18:00 - 38 minutes - 35.6 MBThe stock market recently hit a 16-month high. That’s the same time frame in which the Fed has raised interest rates, causing volatility. Did you get spooked and sell? Amy and Steve explain how the story of a fictional character can teach us all a lesson about staying the course. Plus, the amount of stock exposure you need, and the importance of planning for healthcare costs.