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
Are we in a recession? The answer is debatable
July 29, 2022 18:00 - 39 minutes - 35.9 MBThe U.S. economy shrunk for the second straight quarter. Does that mean we are in a recession? Amy, Steve and Allworth Chief Investment Officer Andy Stout open up the hood and analyze the factors that make up a true recession. Plus, common mistakes to avoid with your IRA.
The markets are down. I need to do something right?
July 22, 2022 18:00 - 38 minutes - 35.1 MBWhen the markets are down, do you feel as though you need to do something with your money? Amy and Steve explain why sometimes the best course of action is to do nothing at all. Plus, why tax time should be all the time.
When Main Street impacts Wall Street
July 15, 2022 18:00 - 39 minutes - 36.3 MBFeeling grumpy about the economy? Amy and Allworth’s Brian James examine how consumer sentiment impacts the markets. Plus, the specific times when you’ll want to review your financial plan.
Is hope ahead for the S&P 500?
July 08, 2022 18:00 - 38 minutes - 35.5 MBIs hope on the horizon for the S&P 500? Amy and Steve examine what history suggests. Plus, how to put your financial wealth into perspective.
When bad news means good news for investors
July 01, 2022 18:00 - 39 minutes - 35.9 MBSteve and Allworth’s Brian James explain why negative economic news can mean good news for investors. Plus, the pros and cons of buying an electric vehicle.
Extracting the bull from the bear market
June 24, 2022 18:00 - 39 minutes - 35.8 MBNeed some perspective on current volatility? Amy and Steve extract the bull from the bear market. Plus, how to take advantage of your investment losses.
How to stomach a recession
June 17, 2022 18:00 - 39 minutes - 35.7 MBTalk of a recession is louder than ever. Amy and Steve discuss a possible timetable, put the scary headlines into perspective, and offer steps you can take to stomach it. Plus, how to negotiate to get what you want.
When good economic news means bad news for the market
June 10, 2022 18:00 - 38 minutes - 35.3 MBWhy do investment accounts sometimes drop when positive financial reports come in? Amy, Steve and Allworth Chief Investment Officer Andy Stout explain why the market doesn’t always like good economic news. Plus, will you have enough money in retirement? The key warning signs to look for now.
Where to go to beat inflation, and why many don’t travel there
June 03, 2022 18:00 - 38 minutes - 34.8 MBWhere can you hide when inflation is high? Amy and Steve explain why the answer is easier said than done. Plus, want to save on travel? Go incognito.
You don’t build a boat in the middle of a storm
May 27, 2022 18:00 - 38 minutes - 33.8 MBDo recent headlines have you itching to make immediate financial decisions? Are market factors different this time? Amy and Steve explain why calm is key. Plus, how to lower inflation’s impact on you.
Can the Fed engineer a soft landing?
May 20, 2022 18:00 - 39 minutes - 36.4 MBCan the Federal Reserve lower inflation without throwing us into a recession? Amy, Steve and Allworth Chief Investment Officer Andy Stout explore the possibility of the so-called soft landing. Plus, the key mistakes to avoid on your road to retirement.
Wall Street whiplash – is it different this time?
May 13, 2022 18:00 - 38 minutes - 35.4 MBIs the market volatility on Wall Street different this time around? Amy, Steve and Allworth Chief Investment Officer Andy Stout look under the hood to examine whether investors should be worried. Plus, overcoming the fear of spending money.
Fasten your seatbelts for the wild market ride
May 06, 2022 18:00 - 39 minutes - 36.3 MBInflation, interest rate hikes, and wild swings on Wall Street. Are the headlines scaring you off? Amy, Steve and Allworth Chief Investment Officer Andy Stout explain why time in the market is better than timing the market. Plus, the benchmarks to hit on your road to retirement.
Is a recession coming? It could take awhile
April 29, 2022 18:00 - 38 minutes - 35.3 MBIs a recession on the horizon? Steve and Allworth Chief Investment Officer Andy Stout explain the factors that are currently fending it off. Plus, Social Security mistakes that could cost you thousands of dollars.
Has inflation peaked? There are signs it has
April 22, 2022 18:00 - 39 minutes - 35.8 MBA glimmer of hope in the fight against inflation? Amy, Steve and Allworth Chief Investment Officer Andy Stout examine why red-hot inflation might have just peaked. Plus, when to start planning for social security benefits.
The ingredients that heat up inflation
April 15, 2022 18:00 - 39 minutes - 35.9 MBThe prices you’re paying are painful. Amy, Steve and Allworth Chief Investment Officer Andy Stout examine the ingredients that heat up inflation and explain COVID’s return to the mixture. Plus, when it’s time to take Social Security.
2022: A recession-proof economy?
April 08, 2022 18:00 - 39 minutes - 35.7 MBAre we headed for a recession? Amy, Steve and Allworth Chief Investment Officer Andy Stout explain why it might not happen this year. Plus, the beauty of the HSA.
Did you say 9 rate hikes?
April 01, 2022 18:00 - 39 minutes - 36 MBFirst there were going to be three hikes. Then six hikes. Now nine interest rate hikes? Amy, Steve and Allworth Chief Investment Officer Andy Stout discuss the potential ramifications of the Fed’s fight to cool inflation. Plus, a full explanation of the benefits of a Roth IRA.
When will inflation cool down? You might not like the answer
March 25, 2022 18:00 - 38 minutes - 35 MBWhen will we start paying less for stuff? Amy, Steve and Allworth Chief Investment Officer Andy Stout explain why it could take months. Plus, a late start on retirement planning? How to quickly catch up.
Can the Fed cool inflation?
March 18, 2022 18:00 - 39 minutes - 35.8 MBWill a Federal Reserve interest rate hike do anything to cool red-hot inflation? The answer is complicated. Amy and Steve break down the factors involved and the potential impact on investors. Plus, trust your advisor? The red flags to watch for.
It all connects back to inflation
March 11, 2022 17:00 - 39 minutes - 36.2 MBAllworth’s Chief Investment Officer Andy Stout joins Amy to discuss what happens if Russian oil is cut off from the rest of the world. Plus, they dive into why the tightrope the Federal Reserve is walking just got a whole lot tighter. And are you looking to buy a car? There’s one thing we really, really don’t want you to do.
Headlines don’t tell the whole story
March 04, 2022 19:00 - 38 minutes - 35.2 MBAn invasion, inflation, and wild swings on Wall Street. It all sounds scary. Amy, Steve and Allworth’s Chief Investment Officer Andy Stout go beyond the headlines and explain the true impact on investors. Plus, using an online retirement calculator? Why we think you should stick with a human.
Conflict in the Ukraine: the key is calm
February 25, 2022 19:00 - 39 minutes - 35.9 MBThe conflict between Russia and Ukraine could cause pain at the grocery store and gas pump. Amy and Steve explain the connection, and why the key is calm for long-term investors. Plus, confused about inflation? How a burger can explain your buying power.
How one man spooked the market
February 18, 2022 19:00 - 39 minutes - 36.3 MBAllworth Chief Investment Officer Andy Stout joins Amy and Steve to explain how one comment from a federal reserve official had the market reeling. Then they offer a warning to some who think they can retire early. They will help you navigate the mess at the IRS. Plus, why it might be time to sell your car.
Soaring jobs, and soaring Super Bowl prices
February 11, 2022 19:00 - 38 minutes - 35.5 MBAllworth Chief Investment Officer Andy Stout joins Steve and Allworth advisor Brian James to explain why January’s jobs report was so surprising. Then they discuss the choice between going to the Super Bowl or paying college tuition. You’ll also learn how to get the most out of your Amazon Prime membership. Plus, the common mistakes that could railroad your retirement.
Does the Fed have a game plan? We’re not sure.
February 04, 2022 19:00 - 38 minutes - 35.5 MBWho Dey! Amy and Steve share some quick tips if you’re thinking of heading to LA for the big game. Then, Allworth Chief Investment Officer Andy Stout joins to give his take on the Federal Reserve’s interest rate strategy (do they even have one?) and the Q4 GDP number (it’s not as great as it looks). Plus, not happy with your 401(k)? We point out a few things that could be the problem.
This is painful… but normal
January 28, 2022 19:00 - 38 minutes - 35.1 MBTruth be told, we’ve all become a bit spoiled recently; we’re just not used to the kind of market turbulence that’s happening. But Allworth Chief Investment Officer Andy Stout joins Amy and Steve to explain why this is something to be expected – and not feared. Plus, ever dreamed of retiring in your 50s? We share a few things you need to think about before leaving the workforce behind.
A headline whip-around
January 21, 2022 19:00 - 38 minutes - 35.4 MBThe stock market typically gets all the attention, but the bond market is what really deserves your attention right now. Allworth advisor Andy Shafer joins Steve to explain why, while they also dive into other big headlines that have caught our eye. Plus, our local credit expert joins us to discuss what’s in store for mortgage rates as the Federal Reserve begins to raise interest rates.
Objects in the mirror are closer than they appear
January 14, 2022 19:00 - 38 minutes - 35.6 MBThe Federal Reserve has been saying for a while that they plan to fight inflation more aggressively this year – so why is Wall Street all of a sudden getting nervous about how things are playing out? Andy Stout, Allworth’s Chief Investment Officer, joins Amy and Steve to take a deeper look. Plus, do you know Social Security basics? See if you’re smarter than the average American.
What we’re keeping our eye on as 2022 begins
January 07, 2022 17:00 - 38 minutes - 35.3 MBHappy New Year! Allworth’s Chief Investment Officer Andy Stout joins Amy and Steve to explore some of the biggest questions we're guessing are on your mind as 2022 begins, including: What market risks lie ahead? Which bonds will do better in a rising interest rate environment? Are we at risk of a recession? And is crypto here to stay? Plus, learn why your expectations about retirement might be much different than reality.
Getting your financial house in order
December 31, 2021 19:00 - 37 minutes - 17.3 MBWhen it comes to your money, investments, and finances, it can be easy to procrastinate. So, Amy and Steve are here to help get you motivated. They share a list of some of the most important – and practical – things you should be doing right now. Plus, have you been considering a Roth conversion? What to know before following through.
Excuse us while we vent
December 17, 2021 19:00 - 38 minutes - 17.7 MBTime to get a few things of our chests! From ‘crystal ball’ articles to terrible analogies and downright wrong information, Amy and Steve run through some recent financial headlines that are driving them absolutely nuts. Plus, being nice can easily backfire. What to think about before ever lending money to a friend or family member.
Digging deeper into the November jobs data
December 10, 2021 19:00 - 38 minutes - 17.8 MBSometimes, you need to go deeper to know the full story. Amy, Steve, and Allworth Chief Investment Officer Andy Stout explain why the ‘disappointing’ jobs report was actually better than headlines would suggest. Plus, Andy shares what he believes is the biggest risk to the economy and markets right now. And, as 2021 comes to a close, get some important year-end tax planning reminders.
Omicron is here. What’s it mean for markets?
December 03, 2021 19:00 - 38 minutes - 17.6 MBA new COVID variant is rattling markets. Allworth Chief Investment Officer Andy Stout and advisor Brian James join Steve to break down what we know so far. Plus, the three discuss the potential economic impact of Fed Chair Powell’s renomination. And, the decision to hire a financial advisor is an important one. Learn how to find someone that’s the right fit for you.
The 4% Rule Is Outdated
November 26, 2021 19:00 - 38 minutes - 17.8 MBThe oft-cited ‘4% rule’ is commonly used as a hard-and-fast guideline for retirement withdrawals. But Amy and Steve explain why this popular rule of thumb needs to be rethought. Plus, Social Security’s Trust Fund is set to run out in just 14 years. What can Congress do? Get a quick breakdown of their options.
When Might Inflation Moderate?
November 19, 2021 19:00 - 38 minutes - 17.6 MBInflation just blew past expectations. So what’s behind the jump? And when might things get back to normal? Allworth Chief Investment Officer Andy Stout joins Amy and Steve to take a deeper dive into the latest inflation numbers. Plus, right now, there’s a lot of negative sentiment about the economy. But we offer a different perspective. Hear why the supply chain issues and the fact so many people are quitting their jobs could be viewed as a positive.
General Electric Is Splitting Up
November 12, 2021 19:00 - 38 minutes - 17.6 MB129-year-old GE made huge headlines this week, announcing it’s separating into three different companies. Allworth advisor Brian James joins Amy to break down the reasoning behind the decision, the potential impact on stockholders, and what this could mean for GE Aviation in Evendale. Plus, learn why you should stop thinking of your house as an ‘investment.’
The US economy’s report card isn’t pretty
November 05, 2021 18:01 - 38 minutes - 17.7 MBAndy Stout, CFA and Allworth’s Chief Investment Officer, joins the show to share why the US economy fell short of growth expectations in the third quarter. Then, Amy and Allworth advisor Brian James discuss how to financially prepare yourself for the future, regardless of the decisions that are made in Washington, DC. Plus, learn why some holiday shopping deals aren’t always as great as they’re touted to be.
Potential tax changes and earnings season
October 29, 2021 18:00 - 34 minutes - 46.8 MBAndy Stout, CFA and the Chief Investment Officer of Allworth Financial joins the show to discuss the latest earnings reports, and economic stories catching his attention. Steve Sprovach and Brian James, CFP, discuss a potential change that could give the federal government a closer look into your bank account. Amy Wagner and Steve also discuss the key habits of great savers. Amy interviews Mark Reckman, an Estate Planning Attorney at Wood + Lamping about the importance of deeding your ho...
Earnings season: Procter & Gamble and Fifth-Third Bank
October 22, 2021 18:00 - 35 minutes - 48.7 MBSteve and Brian James, CFP at Allworth Financial, discuss the latest earnings reports from Cincinnati companies and what they mean for the local economy. They also talk about a new Bitcoin ETF and the key considerations before moving in retirement. Amy and Steve answer your questions about money and retirement in the Allworth Mailbag. Amy interviews Carla Messer the Chief Results Officer of BestWork and an Assistant Professor at Indiana University East, about the signs that you could be ...
Flight delays, the labor shortage, and state pensions
October 15, 2021 18:00 - 32 minutes - 44.9 MBAmy and Steve discuss Southwest Airlines’ recent problems and give a check-up on local pensions. Steve and Brian James, CFP at Allworth Financial, talk about how to save for retirement if your employer does not offer a 401(k) plan. Amy interviews Mark Reckman, an estate planning attorney at Wood + Lamping, about what to look for in long-term care insurance policies.
Workhorse falls from grace.
October 08, 2021 18:00 - 31 minutes - 43 MBSteve Sprovach and Andy Shafer, a ChFC at Allworth Financial, discuss the insider trading allegations against local electric vehicle maker Workhorse. Amy and Steve talk about how Robinhood is encouraging young investors to day trade and the surprising ways you could get less from Social Security than you think. Steve interviews Dave Hatter about Facebook’s outage and how to encourage your kids to use social media less often.
Cincinnati’s housing market is starting to cool
October 01, 2021 18:00 - 34 minutes - 47.7 MBAmy Wagner and Steve Sprovach discuss the state of Cincinnati’s housing market and how savers can get end-of-year financial planning done early. They also talk about the pros and pitfalls of using a Health Savings Account. Amy interviews Carla Messer, the Chief Results Officer of BestWork and an Assistant Professor at Indiana University East, about how job seekers can stand out in Zoom interviews.
When saving is natural, spending is hard.
September 24, 2021 17:00 - 35 minutes - 49 MBAmy Wagner and Steve Sprovach discuss how to feel more confident about creating retirement income and take your questions about financial planning. Andy Stout, CFA and the Chief Investment Officer of Allworth Financial, joins the show to break down how the debt problems from Evergrande, the Chinese real estate conglomerate, are affecting 401(k)s in the United States. Amy and Steve interview Chip Gerhardt, the President & CEO of Government Strategies Group, about how he helped create the AB...
The gold-inflation myth
September 17, 2021 17:00 - 35 minutes - 48.7 MBAmy Wagner and Steve discuss the retirement changes in Congress’ $3.5 trillion reconciliation bill and how to navigate a phased retirement. They also break down the link between inflation and gold prices, and why the relationship isn’t as strong as many believe. Amy interviews Mo Egger, host of the afternoon show on ESPN 1530 and a contributor to The Athletic, about the financial implications of the University of Cincinnati moving to the Big 12 conference.
Cincinnati Bell goes private
September 10, 2021 18:30 - 32 minutes - 45.2 MBAmy Wagner and Andy Shafer, a Charted Financial Consultant at Allworth discuss how Cincinnati Bell’s sale to an Australian acquisitions company affects its shareholders and may impact local employees. They also talk about how newlywed’s financial habits continue to change. Brian James, a CFP at Allworth, joins to discuss the state of pensions in Ohio and Kentucky and how retirees can plan for changing guarantees. Amy interviews Carla Messer, the Chief Results Officer of BestWork and an Assi...
When will supply chain challenges go away?
September 03, 2021 18:00 - 34 minutes - 47.4 MBOn this week’s Best of Simply Money, Amy and Steve discuss the economic impacts of the United States withdrawal from Afghanistan and why supply chain challenges are still impacting your wallet. They also talk about how you can make your marriage more financially equal, and how local arts organizations are adapting to the Delta variant. Amy interviews Erin Harris, the Director of Student Enterprise at the Alpaugh Family Economics Center, about her program that is helping Cincinnati schoolc...
Tax-smart investments
August 27, 2021 17:00 - 31 minutes - 43.4 MBOn this week’s Best of Simply Money, Amy and Steve discuss why more investors are flocking to municipal bonds. They also talk about the common investment differences between parents and children and an Ohio Supreme Court lawsuit poised to have major implications for local businesses. Debra Clark, a Travel Advisor at Wayfarer Travel Service joins the show to discuss how the Delta variant is impacting your vacation plans.
A retirement plan for your paid time off
August 20, 2021 17:00 - 30 minutes - 42.1 MBAmy Wagner and Steve Sprovach discuss the benefits and considerations of taking a practice retirement. They also talk about the details that investors should look for in exchange-traded funds, and how to use payment apps more responsibly. Amy interviews Jeff Ostrowski an Analyst for Bankrate.com about the often-forgotten costs of buying an older home.
Inflation today and higher taxes tomorrow.
August 13, 2021 17:30 - 36 minutes - 49.6 MBAmy and Steve discuss how investors can plan for inflation today and higher taxes from more government spending. They also talk about budgeting for a wedding, and the signs that you’re on track for a secure retirement. Amy interviews Rob Peloni, the owner of Rodi Italian in Loveland, Ohio, about how his restaurant is grappling with the labor shortage and supply chain challenges.