KPC Smart Money
140 episodes - English - Latest episode: 2 months ago -Each week, Karin and Kevin Christ will look at important issues about financial planning. They will use their experience as independent financial advisors to help leave you smarter and more informed about retirement.
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Episodes
Episode 140: Finances for People Getting Married Part 2
February 15, 2024 11:00 - 12 minutes - 17.3 MBYou are getting married and your life is going to change in many ways. An often-overlooked topic however is finances, yet it is one of the top reasons for marital stress. Here are our thoughts on what to discuss and plan for when you are getting married. Key Takeaways: Wedding budgets & expectations The wedding is just the first day of the rest of your life Common or Community property state Taxes in Marriage
Episode 139: Finances for People Getting Married Part 1
February 08, 2024 11:00 - 13 minutes - 19.1 MBYou are getting married and your life is going to change in many ways. An often-overlooked topic however is finances, yet it is one of the top reasons for marital stress. Here are our thoughts on what to discuss and plan for when you are getting married. Key Takeaways: Do you know your partner's income, debt, spending habits and credit score? Do you plan on merging finances or keeping them separate? What will your new household budget be? What are your attitudes towards savin...
Episode 138: Creating Dividend Income Part 2
February 02, 2024 16:46 - 13 minutes - 17.9 MBGenerating income from dividends isn't just for retired people. It is a great strategy to have in your investment portfolio. But what companies should you invest in and how to you set up a diversified dividend portfolio? We will answer these questions as well as talk about the taxation of dividends versus interest on this week's show. Key Takeaways: Reinvest the dividends or take as income High Yield versus growth Be prepared for Volatility Be diversified
Episode 137: Creating Dividend Income - Part 1
January 25, 2024 11:00 - 13 minutes - 18.3 MBGenerating income from dividends isn't just for retired people. It is a great strategy to have in your investment portfolio. But what companies should you invest in and how to you set up a diversified dividend portfolio? We will answer these questions as well as talk about the taxation of dividends versus interest on this week's show. Takeaways: What are dividends? How to Build a dividend paying portfolio What types of dividend paying stock to look for
Episode 136: Financial Planning Tips for New Parents - Part 2
January 18, 2024 11:00 - 14 minutes - 19.3 MBIn this 2 part series we talk about some of the important financial decisions when becoming new parents. There is so much that will change as you prepare and learn about parenthood and the financial aspects can be ignored or dropped. Listen in today to find out what financial steps are important no this new journey in your life. Takeaways: Tax Breaks for Parents Update Tax Withholdings Start saving for College Childcare Find a Financial Planner or Take Some Classes
Episode 135: Financial Planning Tips for New Parents - Part 1
January 11, 2024 16:32 - 12 minutes - 17.3 MBIn this 2 part series we talk about some of the important financial decisions when becoming new parents. There is so much that will change as you prepare and learn about parenthood and the financial aspects can be ignored or dropped. Listen in today to find out what financial steps are important no this new journey in your life. Takeaways: Employer and State options for income while on maternity leave Budget and Spending Plan Life & Disability Insurance Emergency and Retirem...
Episode 134: Is $1Million Enough to Retire
January 04, 2024 15:08 - 11 minutes - 16.2 MBHave you heard the saying "If you have a million dollars saved in retirement, and just withdraw 4% you can retire"? Today we talk about how that doesn't always work. The key to retirement is spending. And you want to have enough to cover not just your retirement budget but also your fun stuff, health care, taxes, lifestyle, and downturns in the stock market. So, what do you really need? Call us for a complimentary Retirement Blueprint. Key Points: What is your spending? Do you h...
Episode 133: Avoid Christmas Overspending
November 16, 2023 11:00 - 12 minutes - 16.9 MBHave you ever overspent at Christmas and had big credit card bills in January? That can take some of the fun out of gift giving at Christmas and can hurt your financial plans. Here are some ideas to keep Christmas spending down. Key takeaways: Secret Santa - one gift per adult Kids don't need lots of expensive toys Love is about your time & affection, not gifts Write "You are Special because" letters
Episode 132: Our Christmas Traditions
November 09, 2023 21:14 - 13 minutes - 18 MBWe all have family Christmas Traditions, and they change over time and as we and our children build traditions of their own. This week we share some of our family traditions. Enjoy! Key takeaways: Our Christmas Meals - then and now Family Gift Giving Christmas decorations Family Gatherings
Episode 131: What About Gold and Silver?
September 14, 2023 10:00 - 13 minutes - 18.1 MBAs the economy is experiencing inflation and recession and the stock market is volatile, people are asking about whether adding gold and silver to their investments is a good idea. You need to watch out for certain things when buying gold and silver. And determining whether it is a good idea for you. Key Takeaways: Do you due diligence on who is selling gold/silver products Watch out for fear tactics and high commissions Wealth protection Pre 1933 coins - what are they and w...
Episode 130: Inflation Tips
September 07, 2023 15:51 - 14 minutes - 19.7 MBMany people are wondering what can I do financially to survive the current inflation. Today we are going to talk about causes of inflation and how to protect your savings. This is an important conversation that effects all of us. Key Takeaways: What causes inflation Demand pull, cost push and money supply Reduce or delay discretionary & large purchases Some tips for making additional money
Episode 129: Money Wisdom for Kids
July 06, 2023 10:00 - 12 minutes - 16.8 MBAre you talking about money with your children or grandchildren? Unfortunately, many parents are not talking about money with their children, and just leaving it up to them to figure out how to be financially responsible adults someday. Today we talk about 7 ways to start a money conversation so you can share your wisdom on what and what not to do. Key takeaways: Saving money & delaying purchases What to do if someone asks to borrow money What would you tell your younger self i...
Episode 128: Clean Your Financial House
June 01, 2023 10:00 - 13 minutes - 18.7 MBJust like you might spring clean your home, you can clean your financial house. This week we will give you tips on how to reduce your financial clutter. Just like spring cleaning, these are good habits to develop on a regular basis. Key takeaways: Purge the Paper and Get Digital Backup Consolidate Accounts Automate Savings Check your Financial Goals Will You Have Enough Income in Retirement? http://downloads.financial-resources.org/books/xtbx/#p=1
Episode 127: How to Weather a Recession
May 25, 2023 18:12 - 12 minutes - 17.5 MBAre you worried about a major recession? Worrying won't help, and isn't good for you. The economy is cyclical and will experience times of recession. Listen this week to find out how to avoid anxiety. Key takeaways: Don't Buy into the Headlines Resist Impulsive Actions Make Time to Relax Expand Your Outlook Investing Basics - Use AE Creative "Understanding Market Corrections (Dually licensed version) 8 pages http://downloads.financial-resources.org/books/wjxu/#p=1
Episode 126: Happiness in Retirement Part 2
May 04, 2023 10:00 - 12 minutes - 16.9 MBIn this two-part series we will give some ideas on how to be happy in retirement, assuming you have already handled the financial aspects. What are you going to do with the extra 2,000 hours per year you will have? Often people don't plan for what they will do with this new found time but it is important to your well being. Here are some ideas: Key Takeaways: Develop a grateful spirit Learn something new Find new adventures Whitepapers: Your Retirement Income Planning Che...
Episode 125: Happiness in Retirement Part 1
April 27, 2023 10:00 - 13 minutes - 17.9 MBIn this two-part series we will give some ideas on how to be happy in retirement, assuming you have already handled the financial aspects. What are you going to do with the extra 2,000 hours per year you will have? Often people don't plan for what they will do with this new found time but it is important to your well being. Here are some ideas: Key Takeaways: To enjoy wealth you need good health Companionship is vital You need a sense of purpose Whitepapers: Your Retireme...
Episode 124: Summer Fun for Kids
April 06, 2023 10:00 - 12 minutes - 17.4 MBKids and Grandkids will be out of school for the summer soon. On this podcast we will talk about the fun things we did as children, and offer some ideas to make summer break fun. And create lasting memories for the school aged children in your life. Key takeaways: Outdoor Ideas Indoor Ideas Educational Ideas Acts of Kindness
Episode 123: Is Pet Insurance a Good Idea?
March 30, 2023 10:00 - 12 minutes - 16.7 MBPets are an important part of many families. Our "furry babies" can get injured and sick, and the vet costs can be very expensive. So, should you buy Pet Insurance? Key takeaways: Injuries to dogs or cats can cost $1,000s 84% of pet insurance issued by 4 carriers Plan can have deductibles & reimbursement percentages Other ways to save on Pet Care
Episode 122: Final Expense Planning
March 23, 2023 11:00 - 13 minutes - 18.7 MBDo you know the difference between final expense life insurance and pre planned funeral packages? The cost of funerals increases between 5-7% per year. Since you already know that you will need a funeral at some time in the your life, why not plan ahead and save your loved ones the difficult decisions and financial burdens of your funeral? Key takeaways: Final Expense life insurance is a small death benefit meant to pay for your funeral Final Expense plans still require minimal ...
Episode 121: Why Go on Short-Term Missions - Ecuador
March 16, 2023 11:00 - 13 minutes - 17.9 MBOn the next 2 weeks of podcasts, we will share our experiences with short term missions. We hope you enjoy our insights on the people, their living conditions, and how to make a positive impact in their lives. This week we will talk about Ecuador. Key takeaways: What we enjoy about Ecuadorians Geographical & Economic highlights of Quito Medical Tents bring blood pressure & sugar readings, and eyeglasses How you can bring hope to remote villages
Episode 120: Why Go on Short-Term Missions - Cuba
March 09, 2023 11:00 - 12 minutes - 16.9 MBOn the next 2 weeks of podcasts, we will share our experiences with short term missions. We hope you enjoy our insights on the people, their living conditions, and how to make a positive impact in their lives. This week we will talk about Cuba. Key takeaways: What does socialism really look like Poverty in Cuba vs poverty in the US Money manipulation in Cuba Many Cubans have never seen an American
Episode 119: Best Safe Interest Earning Options
January 26, 2023 11:00 - 12 minutes - 17.6 MBMany people are accumulating cash out of concern for stock market losses. We see many people that are frustrated though as safe alternatives for their cash often are not earning enough to keep up with inflation. Today we talk about safe and liquid options that are earning more than brick and mortar banks are paying. Key takeaways: Online High Yield Savings accounts How to find one that is right for you I-Bonds - how they work and what they are paying
Episode 118: 2022 Market Review
January 19, 2023 11:00 - 12 minutes - 17.3 MB2022 was a unique year for the stock market as many negative factors came together at the same time. The US hasn't seen this combination before: stocks and bonds both down, inflation, and some say a recession. So do traditional 60/40 investment plans work anymore? Listen to this week's podcast to see why your investment strategies need to change. Key takeaways: The impact of rising interest, inflation and recession in the same year Review of key metrics for 2022 3rd worst year in st...
Episode 117: Simple Positive Resolutions
January 12, 2023 11:00 - 13 minutes - 18.1 MBEver make "big" New Year's resolutions that were onerous, difficult, and didn't last long? We all have. So instead, try some of these simple resolutions that are small steps to big change. Key Takeaways: Wake up every morning with a simple positive statement Recognize happy moments when you are in them Is this current issue long term? If not, let it go Don't procrastinate, get things done as they come up
Episode 116: New Year Habits - Part 2
January 05, 2023 11:00 - 13 minutes - 18.6 MBWe have all tried New Year's Resolutions that didn't last long. Instead of resolutions, try adding simple new habits. We hope you can take one, two, or just a few of these simple habits and make them a part of your New Year. Our hope for you is that this coming year is better than this past year. Key takeaways: Get healthy, good breakfast, drink more water, sleep 7-8 hours a night Be proud of yourself, reflects on your good qualities and your strengths Plan! Your next day's goals &...
Episode 115: New Year Habits - Part 1
December 29, 2022 11:00 - 13 minutes - 18 MBWe have all tried New Year's Resolutions that didn't last long. Instead of resolutions, try adding simple new habits. We hope you can take one, two, or just a few of these simple habits and make them a part of your New Year. Our hope for you is that this coming year is better than this past year. Key takeaways: Count your blessings, and let those you love know what you think of them Journals, bucket lists, and to do lists Help others, be kind, stop judging others
Episode 114: New Grandparent Tips
December 22, 2022 11:00 - 11 minutes - 16 MBWhat an exciting time becoming a new Grandparent. This is new territory that needs to be navigated with wisdom and grace. Times have changed, and the baby has parents who may have different ideas than you do. Listen this week for our tips for new Grandparents. Key takeaways: Keep your advice to yourself Listen to the parents Help when you can, and that includes the parents Follow the parent's rules
Episode 113: Get out of Debt - Part 3
December 15, 2022 11:00 - 11 minutes - 15.3 MBMost people have found themselves dealing with too much debt as some time in their lives. Others live in perpetual debt. It isn't a good feeling when those debt payments seem endless. This three-part series will give you some ideas on how to get out of debt, and stay out of debt. Today we talk about creative ways to cut down on expenses. Key takeaways: Make a budget Extra income with side gig, sell stuff on Facebook Marketplace, stop investing Have one credit card and pay it off ...
Episode 112: Get Out of Debt - Part 2
December 08, 2022 11:00 - 13 minutes - 18.1 MBMost people have found themselves dealing with too much debt as some time in their lives. Others live in perpetual debt. It isn't a good feeling when those debt payments seem endless. This three-part series will give you some ideas on how to get out of debt, and stay out of debt. Today we talk about creative ways to cut down on expenses. Key takeaways: Online coupons and consignment shopping are great ways to buy what you need at a discount FOOD is the hardest budget item to contro...
Episode 111: Get Out of Debt - Part 1
December 01, 2022 11:00 - 12 minutes - 17.2 MBMost people have found themselves dealing with too much debt as some time in their lives. Others live in perpetual debt. It isn't a good feeling when those debt payments seem endless. This three-part series will give you some ideas on how to get out of debt, and stay out of debt. Key takeaways: Start an emergency fund so that emergencies don't catch you by surprise List out your debts and pay off the smallest one first while paying the minimums on other debt Once you pay off the sm...
Episode 110: Is Pet Ownership Right for You?
November 24, 2022 11:00 - 12 minutes - 17.3 MBBeing a pet owner has many joys and trials. Is owning a pet right for you? On today's podcast we talk about some of the joys and benefits of having pets. We also discuss the responsibilities and expenses. Key takeaways: Pets can help you live longer Pets can be great companions Know the costs before you get a pet: time and money Covid lockdowns created a rush to get pets
Episode 109: Older Workers are "Quietly Returning"
September 15, 2022 10:00 - 12 minutes - 17.5 MBThere has been a trend among younger workers called "Quietly Quitting" where they do the least amount of work required for their job. But a new trend is emerging called "Quietly Returning" where older workers that were retired are "unretiring". This gives both employers and older workers big advantages. Older workers want part time, flexibility, routine, and socializing. Employers can fill open positions with people that have years of varied experience. Key takeaways: More than 60% of...
Episode 108: $80 Million for the IRS
September 08, 2022 21:37 - 12 minutes - 17.4 MBI'm sure you have heard a lot about the provision in the Inflation Increase Act to give $80 million dollars to the IRS. There has been much concern about increases in IRS audits and that the IRS has been stockpiling bullets. While lawmakers are trying to calm the concerns of Americans, there are several reasons why the IRS is understaffed and service is suffering. The real question is what will happen when the IRS beefs up it's staffing. Key takeaways: Since the 2013 IRS scandal, t...
Episode 107: 6 Things Your Retirement Plan May Be Missing - Part 2
September 01, 2022 10:00 - 10 minutes - 15.1 MBIt can be hard to see something that is missing. We often see people missing these 6 things from their retirement plans. The good news, is once you see it you can correct it. Not having a complete retirement plan Not considering Long Term Care Not having an estate plan
Episode 106: 6 Things Your Retirement Plan May Be Missing - Part 1
August 25, 2022 10:00 - 12 minutes - 17.7 MBIt can be hard to see something that is missing. We often see people missing these 6 things from their retirement plans. The good news, is once you see it you can correct it. Key takeaways: Not having enough emergency savings & low earnings on these funds Having too much company stock Assets not allocated well
Episode 105: Inflation or Recession - Which is Worse?
August 18, 2022 10:00 - 13 minutes - 18.4 MBToday we explain the difference between inflation and recession and how these each potentially impact you financially. Does your financial plan include ways to overcome inflation and recession? Key takeaways: We are in the highest inflationary period in over 40 years By historical definition, we are in a recession We haven't seen both together since the 1970's What are good investments right now
Episode 104: Making Extra Money During Tough Times
August 11, 2022 10:00 - 11 minutes - 16.5 MBWith the current inflation, we are looking for ways to make more money, or save money. On today's podcast we explore ways to earn more, save more, and spend less. Remember the old adage "a penny saved is a penny earned". Key takeaways: High Yield Savings Accounts Cash back credit cards Turn a hobby into cash Online coupons & cash back programs
Episode 103: Hold or Fold a Poor Performing Fund
July 07, 2022 10:00 - 12 minutes - 16.7 MBIf you have a mutual fund that isn't performing well, how do you know if you should hold 'em or fold 'em? Look at your overall asset allocation strategy first and see if the fund is still in line with your goals or not. Then look at how much the fund is costing you. Key takeaways: How soon do you need the money? Look at your risk tolerance instead of chasing past performance Make sure you are rebalancing your asset allocations Do you know how much the fund is costing you in load fe...
Episode 102: Taking Vacation Could Save Your Life
June 30, 2022 10:00 - 13 minutes - 19.1 MBNorth American workers can be workaholics, with 26% saying they have never taken two weeks' vacation at one time. But it is taking a toll on many people's health and lives. So why could vacations save your life? Listen in to this week's podcast to find out. Key takeaways: Increase mindfulness by reducing familiarity Improve heart health and reduce blood pressure, blood sugar, and abnormal cholesterol Boost brainpower and creativity when your mind is relaxed Improve sleep as you b...
Episode 101: Navigating Turbulent Stock Markets
June 23, 2022 10:00 - 11 minutes - 16.4 MBHow you navigate a turbulent stock market depends on your age. Stay calm. Then listen to our navigation ideas based on whether you are 25, 45 or 65 years old. Key takeaways: If you're 25 - this is a great opportunity to buy stocks at cheaper prices and hold onto them. You have time on your side If you're 45 - keep to your long term strategy and move from bonds to defensive stocks If you're 65 - move from growth stocks to value stock and try to use other sources for income if you nee...
Episode 100: Celebrating our 100th Podcast - Why We Do What We Do
June 16, 2022 15:46 - 14 minutes - 19.6 MBWe enjoy our weekly podcast which cover not only financial and retirement issues, but important issues in life. Our goal is to encourage you and give you new ways of thinking with tools for your success. Listen in to why we love what we do. Key takeaways: We truly love to help people One of the favorite parts of our jobs is people, and watching fear leave when they review their Retirement Blueprint Even hear what we don't like about our business
Episode 99: Bear Market in America
June 09, 2022 10:00 - 12 minutes - 16.9 MBThe S&P 500 is nearing bear market territory, and NASDAQ has already dropped more than 20%. Add inflation, unemployment, and rising interest rates and people are scared right now. So just like bear season in the wild, keep on your path and bring bear deterrents. Key takeaways: Inflation is painful right now, as is the Feds increasing of interest rates Supply chain issues are increased due to China's zero covid policies Does the stock market slump signal deeper issues in the economy?
Episode 98: The Economy Today
May 12, 2022 10:00 - 11 minutes - 16.5 MBStock market volatility and how it relates to the current state of the economy is on many people's minds. It has been over 12 years since we have seen a true market correction. The COVID-19 downturn turned around quickly. How are the market indicators different now? Key takeaways: What is an economic cycle and where are we in that cycle? The impact of inflation Is the economy driving stock market volatility?
Episode 97: Dependence, Independence & Interdependence
May 05, 2022 15:29 - 14 minutes - 19.8 MBOn this week's podcast we will look at the definition of these words and how they apply to our relationships. We will explore what is healthy and unhealthy about each of these. Moving from dependence, to independence and then to interdependence reveals our level of maturity in taking responsibility for our own wellbeing. Key takeaways: Dependence is relying or being controlled by someone or something else Independence is NOT relying or being controlled by others, or in other words being...
Episode 96: 10 benefits of Lifelong Learning - Part 2
April 28, 2022 10:00 - 11 minutes - 15.7 MBLifelong learning is like a health club for your brain. Lifelong learning has many mental and physical benefits, especially as we age. Engaging in learning for your entire life has many rewards. Key takeaways: Lifelong learning creates a curious, hungry, and open mind Lifelong learning gives us wisdom and helps us adapt to change Lifelong learning enhances relationships, self-fulfillment, and others
Episode 95: Lifelong Learning Part 1
April 21, 2022 14:55 - 13 minutes - 18.6 MBLifelong learning is like a health club for your brain. Lifelong learning has many mental and physical benefits, especially as we age. Engaging in learning for your entire life has many rewards. Key takeaways: Lifelong learning creates a curious, hungry, and open mind Lifelong learning gives us wisdom and helps us adapt to change Lifelong learning enhances relationships, self-fulfillment, and others
Episode 94: Navigating Stock Market Volatility - Part 2
March 24, 2022 10:00 - 12 minutes - 17.6 MBWhen the stock market feels more like a roller coaster ride than smooth sailing, most investors become nervous. This can lead to emotional decisions and trying to time the stock market. In the two-part podcast we will look at history and statistics to help you stay the course. Key takeaways: Timing the market doesn't work Time in the market does Learn from the past
Episode 93: Navigating Stock Market Volatility - Part 1
March 17, 2022 10:00 - 12 minutes - 16.9 MBWhen the stock market feels more like a roller coaster ride than smooth sailing, most investors become nervous. This can lead to emotional decisions and trying to time the stock market. In the two-part podcast we will look at history and statistics to help you stay the course. Key takeaways: Look at history to help make decisions now We have always come through downturns Volatility is not new How long have market corrections lasted in the past
Episode 92: Learn to be More Patient - Part 2
March 10, 2022 11:00 - 12 minutes - 17.4 MBWe all encounter situations where we wish we had more patience. Patience is a virtue in all avenues of life. Patience needs to be cultivated and practiced. In this two-part series we are going to talk about ways to increase your patience. Key Takeaways: What triggers you? Practice contemplating how to handle touch situations a head of time Find healthy ways to reduce stress Gratitude!!
Episode 91: Learn to be More Patient - Part 1
March 03, 2022 11:00 - 13 minutes - 18.2 MBWe all encounter situations where we wish we had more patience. Patience is a virtue in all avenues of life. Patience needs to be cultivated and practiced. In this two-part series we are going to talk about ways to increase your patience. Key Takeaways: Progress not perfection Slow down, process and focus on one task at a time Take a deep breath and count Step back when emotions are running high