Money Not Math
156 episodes - English - Latest episode: about 2 months ago - ★★★★★ - 1 ratingI love to help people have more confidence in their financial future.
My mission is to provide the highest quality advice and service to clients possible. Therefore, I limit myself to 100 active clients or less at all times.
I hope this podcast provides value to the listeners on their retirement planning journey.
Please reach out with retirement planning questions or requests for future Money Not Math episodes; [email protected]
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Episodes
2.23.24 Money Not Math interview with Tevin Moreno – Moreno Dental Services. Money Not Math 152.
February 24, 2024 16:17 - 37 minutes - 34.1 MB2.23.24 Money Not Math interview with Tevin Moreno – Moreno Dental Services. Money Not Math 152. Did you know Tevin drove a bus to his first year of college and started his own practice/business straight out of college? Listen to this awesome interview to learn more about Tevin, his impressive path to becoming a dentist, and the lessons he has learned along the way. I left more impressed than expected and think you will too. Plus, there are some tremendous pieces of advice shared so it’s ...
2/21/24 Weekly Money Not Math Coffee Talk
February 22, 2024 23:02 - 32 minutes - 29.5 MBTopics discussed= Missing out by not talking finance? The Next BlackBerry? Are ‘Higher for Longer’ Interest Rates Back? The difference between Want and Need! Weekly Money Not Math Coffee Talks are an informal way for me to have conversations and answer questions to people even if they aren't my clients for free. You are welcome to join the Facebook live to talk or stop by my office for some free coffee. There is no pressure to work with me or become my client by stopping by in person or...
Is Roger Federer the GOAT and What Can His Career Teach Us About Investing? Money Not Math 151
February 08, 2024 16:43 - 7 minutes - 6.84 MB“Roger Federer’s impact on the sport is maybe more than any man before him. His trademark style took the sport by storm and changed the way younger players approached it, essentially laying the groundwork for the next two decades of tennis. Beyond that even, his impact on the world of sport is clear for all to see and his position as a role model has never been questioned. Roger Federer is undoubtably the greatest tennis player of all time, but he may even be in the argument for the greatest...
How Small, Consistent Actions Can Pay Off BIG in Finance & Life
February 07, 2024 15:41 - 30 minutes - 27.7 MB2.7.24 Live Money Not Math free Coffee Talk recording How Small, Consistent Actions Can Pay Off BIG in Finance & Life https://financeinsights.net/KXVwTdjwPh06aK7SQEj4XHVZn7M?email=drew%405stonefinancial.com&fbclid=IwAR1N7gvKurlDwWOqraMzlIxc-DxnkkLjRgOfOw12Cf1A8MFbcSJoKod1O6k Uncertainty is Underrated https://www.dimensional.com/us-en/insights/uncertainty-is-underrated Weekly Money Not Math Coffee Talks are an informal way for me to have conversations and answer questions to people even ...
Thank you for your time! Money Not Math 150
January 25, 2024 21:31 - 3 minutes - 3.04 MBThank you for your time! Money Not Math 150 Thank you to everyone who has taken the time to watch my videos, listen to my podcasts, and follow my pages. I am extremely grateful for the opportunity to help others improve their financial future. I hope these episodes have brought you value and will bring even more in the future. Below is a list of the most watched or listened to episodes I have had so far for you to check out. Please comment with requests for future Money Not Math topics or q...
Want to Lose Your Money? Listen to Millionaires. Money Not Math 149
January 12, 2024 22:22 - 15 minutes - 14 MBAlong with anybody else who attempts to forecast the investment future. Most who try to predict the market fail more often than not. Problem #1: Recency Bias Problem #2: Group Think Problem #3: Wishful Thinking Why Bother? “Why Investors Might Think Twice About Chasing the Biggest Stocks. As companies grow into some of the largest firms, the returns that push them there can be impressive. But not long after joining the Top 10 biggest by market cap, these stocks, on average, lagged the m...
I am Maxing out my 401k, Now What? Money Not Math Client Success Story 2
January 08, 2024 20:01 - 4 minutes - 4.5 MBI am Maxing out my 401k, Now What? Money Not Math Client Success Story 2 I love to help people have more confidence in their future and it is my mission to provide the highest quality advice and service possible to my clients. To accomplish this, I limit myself to having 100 active clients or less that I have a fiduciary responsibility to at all times. One way I hope to provide value to good people is to periodically write a client success story. So that no matter what is troubling you t...
Your 2024 Tax Fact Sheet and Important Dates. Money Not Math 148
December 28, 2023 19:49 - 14 minutes - 12.8 MBYour 2024 Tax Fact Sheet and Important Dates. Money Not Math 148 2024 Important Tax Facts for All Taxpayers. Do you know the difference between your marginal and effective income tax rate? 2024 Important Tax Facts for Investors. Is it better for you to pay income or capital gains tax rates? 2024: Important Tax Dates to Remember • Jan. 1: New IRA, retirement plan, and HSA contribution and income limits go into effect for the 2024 tax year, as listed above. • Jan. 16: Estimated tax paymen...
Priorities and timing are everything. Money Not Math 147 with Joe Hedrick - TRF Airport Manager
December 05, 2023 21:56 - 38 minutes - 35.7 MBPriorities and timing are everything. Money Not Math 147 with Joe Hedrick - TRF Airport Manager Listen to this Money Not Math conversation to learn more about Joe, how the airport works, and the lessons Joe has learned running this $1,000,000 per year business. What brought Joe to TRF and how did he become the manager of the TRF airport? From compliance to snowplowing to shaking hands with the governor… you may be amazed by all that goes into Joe’s job! Did you know the TRF airport has ...
Will I Ever Be Able to Retire? Money Not Math Client Success Story #1
November 17, 2023 20:24 - 4 minutes - 4.29 MBI love to help people have more confidence in their future and it is my mission to provide the highest quality advice and service possible to my clients. To accomplish this, I limit myself to having 100 active clients or less that I have a fiduciary responsibility to at all times. Rather than trying to sell as many hot dogs (or products) to as I can to as many people possible even if they do not need or want them. One way I hope to provide value to good people, whether they are my clients...
Tough Times Can Lead to Amazing Opportunities. Money Not Math 146 with John Ensley
November 14, 2023 23:12 - 35 minutes - 32.1 MBTough Times Can Lead to Amazing Opportunities. Money Not Math 146 with John Ensley How a failed business plan and everything falling apart led to a new business opportunity for an avid sailor. Build the lifestyle you want for your future. How the journey of self-discovery led to the value John provides his clients= Freedom, Adventure, and Service. Are you making choices because you want to make them or because you have to? What it looks like to be a life insurance product-centr...
What is a Backdoor Roth IRA and how should I set it up? Money Not Math 145
August 28, 2023 21:45 - 10 minutes - 9.4 MBWhat is a Backdoor Roth IRA and how should I set it up? Money Not Math 145 When should you avoid this strategy? What makes a backdoor Roth IRA Different? Do you pay taxes on backdoor Roth IRAs? Are backdoor Roth IRAs worth it? How much can I contribute? What are alternatives to backdoor Roth IRAs? Article referenced, https://investor.vanguard.com/investor-resources-education/article/how-to-set-up-backdoor-ira#:~:text=Backdoor%20Roth%20IRA%20income%20limits&text=The%20phaseout%20occur...
What would a recession mean for stock returns? Money Not Math 144
July 06, 2023 20:01 - 9 minutes - 8.72 MBWhat would a recession mean for stock returns? Money Not Math 144 Recession concerns have been a fixture in the news lately and pretty much always are because it’s easier to sell ads with negativity rather than optimism. Investors should be aware that recession announcements are backward-looking compared to the markets that are forward-looking. In fact, recessions are often announced after the market is already on the path to recovering. Did you know the 3-year average return of the S&P500...
Which spouse IRA Beneficiary option should you choose? Money Not Math 143
May 25, 2023 19:23 - 20 minutes - 18.8 MBSecure Act 1.0 adds new considerations for spouse beneficiaries. The spouse beneficiary is among the few eligible to take RMDs from inherited accounts over their life expectancy rather than within 10 years. Three options available= 1) Beneficiary IRA 2) Treat-as-own 3) Rollover to their own. Choosing the Right options: “Ultimately, which option is right for a spouse beneficiary depends on their beneficiary profile, including whether they need to avoid the 10% additional tax and/or minim...
Would raising the full retirement age SAVE Social Security? Money Not Math 142
May 18, 2023 15:59 - 14 minutes - 12.9 MB“The Cost of Claiming Social Security Before Full Retirement Age… The median loss from early claiming in the present value of household lifetime discretionary spending was a whopping $182,370.” “Why aren’t more people delaying social security claims? In 2021, 31% of retired worker claims were made by people age 62…” “What Raising the Full Retirement Age Would Mean for Younger Workers… Every 12-month increase in the FRA roughly equates to a 6.5% cut in benefits.” “The bottom line for today...
How to Invest Better and Live Better. Money Not Math 141
May 11, 2023 19:07 - 13 minutes - 12.3 MBHow to Invest Better and Live Better. Money Not Math 141 Referencing the 2023-Dimensional Matrix Book. David Booth, Founder and Chairman of Dimensional. - “Having a good investment experience is about more than returns. What matters just as much—maybe even more—is how people feel along their financial journey.” The Power of Compounding by Stacey Winning, Chief Talent Officer Control What You Can by Bryce Skaff, Co-Head of Global Client Group. “On that fateful day, I controlled what I ...
Playoff Brackets are Fun. Investing Realities Apply across a Lifetime. Money Not Math 140
May 05, 2023 14:59 - 8 minutes - 7.37 MB1 in 4 Americans filled out an NCAA basketball bracket. Add in all the other sports and that’s a lot of Americans guessing on the outcome of sports they can’t control. Picking winners is hard! An informed approach improves your odds. Good luck and good strategy are not the same thing. The thrill of participating in a playoff bracket or pool. You get a fresh start in a playoff bracket each year. Unfortunately, bad decisions this year can stick with you for several years when investing. ...
When Headlines Worry You, Bank on Investment Principles. Money Not Math 139
April 27, 2023 20:09 - 5 minutes - 5.4 MBWhen Headlines Worry You, Bank on Investment Principles. Money Not Math 139 While every investor’s plan is a bit different, ignoring headlines and focusing on the following investment principles may help you avoid making shortsighted missteps that could cost you. 1) Uncertainty is unavoidable. 2) Market Timing is Futile. 3) “Diversification is your buddy.” – Nobel laureate Merton Miller “When the unexpected happens, many investors feel like they should be doing somethin...
What does it feel like to make over 9% annualized return on your money? Money Not Math 138
April 12, 2023 20:52 - 5 minutes - 4.67 MBWhat does it feel like to make over 9% annualized return on your money? Money Not Math 138 If you had a $300,000 on 3/1/18, here’s what that looked like next 5 years: 3/1/18: $300,000 3/1/19: $317,265 (Annualized S&P 500 Return with Dividends Reinvested= 5.755%) 3/1/20: $305,923 (-3.575%) 3/1/21: $458,951 (50.022%) 3/1/22: $522,364 (13.817%) 3/1/23: $472,119 (-9.619%) Here’s what that felt like: 3/1/19 😄 “I made over $17k” 3/1/20 😢 “I lost over $11k and COVID is happening 😨” ...
How Are Our Funds Affected by the Banking Crisis? Money Not Math 137
April 07, 2023 18:16 - 7 minutes - 7.27 MBHow Are Our Funds Affected by the Banking Crisis? Money Not Math 137 Should we let short-term events affect our long-term strategies? Is your portfolio diversified enough to weather the storms ahead? Perspective is key when making any and all planning decisions. #MoneyNotMath #Retirement #RetirementPlanning #5StoneFinancialGroup #BankingCrisis #Strategy #portfolio #diversified #perspective Morningstar article referenced: https://www.morningstar.com/articles/1144598/how-are-m...
Want more success investing? Quit trying to make sense of investing. Money Not Math 136
March 29, 2023 18:30 - 9 minutes - 8.46 MBWant more success investing? Quit trying to make sense of investing. Money Not Math 136 Intuition usually fails us when it comes to investing. So why do so many people keep trying to “beat” the market? The arguments against Intuition 1) Emotion clouds logic and is expensive. Average 3-year return of the index measured and referenced after a 3-year negative period= 14.2%. 14.2% average return over three years would grow $1,000,000 into almost $1,500,000. Average 3-year return o...
It’s BETTER to PLAN Than Predict! Money Not Math 135
March 22, 2023 18:31 - 8 minutes - 7.61 MBIt’s BETTER to PLAN Than Predict! Money Not Math 135 Are you #planning for what you want to happen while #preparing for what can happen? “Don’t focus on #predicting what will happen, plan for what can happen,” Co-CEO and CIO of Dimensional, Gerard O’Reilly said. Do you have an appropriate balance of #stocks or #equities, #bonds, and other #/investments for your situation and goals? Are you staying #disciplined and #focused on your long term #goals so short-term events don’t thro...
What is Your True Net Worth? Money Not Math 134
March 15, 2023 17:31 - 9 minutes - 8.74 MBWhat is Your True Net Worth? Money Not Math 134 Are you #worth more than your #wealth? What are your #goals? What are your most important #relationships? What are your #values? Have you found a way to integrate your wealth with your worth to reflect that? Do you have a #financial #plan that helps lower your #anxiety and feel better about your #life right now so you can spend #MORE #time – and #BETTER time – with the people you care about most, and #focus on what you value? What kind of #...
You are born based on your circumstances. You die based on your DECISIONS! Money Not Math 133
March 10, 2023 22:19 - 10 minutes - 9.91 MBYou are born based on your circumstances. You die based on your DECISIONS! Money Not Math 133 Either your passion will move a mountain, or your fear will create one. Are you a buffalo or a cow? Create the life you want rather than accepting the life you get. Whose fault is it that our business, personal life, or financial situation is where it is today? (Ours and Ours Alone!) Everybody is going to die. Not everybody is going to live. Are you living your best life? The only difference b...
What is your retirement income strategy? Money Not Math 132
February 23, 2023 19:36 - 5 minutes - 4.69 MBWhat is your retirement income strategy? Money Not Math 132 What is your plan to make sure you don’t run out of money in retirement while enjoying retirement? What is your plan to deal with sequence of returns risk? Does your plan account for inflation and the rising costs of living before and during retirement? Are you using the fixed safe withdrawal rate, 10% reduction, forgo inflation, guardrails, required minimum distribution (RMD), inflation haircut, or a different strategy? The 5 ...
Workplace Retirement Plan, Financial Advisor, or Both? Money Not Math 131
February 17, 2023 19:26 - 11 minutes - 10.1 MBWorkplace Retirement Plan, Financial Advisor, or Both? Money Not Math 131 Do you believe Financial Advisors have a larger role to play in your retirement planning? “We saw that a remarkable 90% of employees are interested in the support of a financial advisor to guide them through their savings options. The report also found that an overwhelming majority of employees surveyed rank employer-sponsored retirement programs and employer matching as high priority,” said Schumm. “Our clients are...
Is your memory your worst enemy? Money Not Math 130
February 09, 2023 21:18 - 8 minutes - 7.69 MBIs your memory your worst enemy? Money Not Math 130 People have memories. Markets don’t. And that’s a good thing. Build your financial plan and start your investing with a clean slate – just like markets do every day. Focus on controlling what you can control. Judge yourself by the quality of your decision and actions, not outcomes. There are so many factors outside your control that can, and likely will, impact investment returns. “It can feel daunting to develop an investment plan you ...
What is the BEST way to Grill Steak? Money Not Math 129
February 02, 2023 16:35 - 4 minutes - 4.24 MBWhat is the BEST way to Grill Steak? Money Not Math 129 Rare, Medium, Well done, or something else? Sear and then lower the temperature, at high heat the whole time, reverse sear or something else? Thank you, Tyler Ust, for your request on my last video for more steak content. I hope you and the others who watch or listen to this enjoy it and it brings you value. The 9 best retirement plans according to bankrate.com and how none of them are actually a plan they are just products. How ar...
What is the red stuff in steak? Money Not Math 128
January 25, 2023 20:21 - 4 minutes - 3.81 MBWhat is the red stuff in steak? Money Not Math 128 Did you know the red stuff in a rare steak is NOT blood? According to steakschool.com, “Even the rarest and reddest of steaks is actually bloodless. Instead, what you’re looking at is a combination of water, which makes up about 75 per cent of meat, and a protein found in muscle tissue called myoglobin. If that name sounds familiar, it’s probably because it sounds a bit like hemoglobin, the protein that transports oxygen in blood. Yes, the...
Tips for Last-Minute IRA Contributions. Money Not Math 127
January 20, 2023 15:50 - 10 minutes - 9.16 MBTips for Last-Minute IRA Contributions. Money Not Math 127 Considering making a last-minute 2022 IRA contribution? Here are some tips and key dates you should know. When is the deadline? Should you do a traditional or Roth contribution? What is the maximum you can contribute? Do you qualify to contribute to a Roth IRA or receive deductions from an IRA? Are you able to use a backdoor Roth IRA? (non-deductible IRA contribution and then convert it to a Roth) New IRA contributions limits ...
Developing a Financial Plan You Can Stick With. Money Not Math 126
January 12, 2023 21:54 - 8 minutes - 7.48 MBDeveloping a Financial Plan You Can Stick With. Money Not Math 126 “Think back to December 2019. The economy was humming. Unemployment, interest rates, and inflation were at historically low levels. But then what happened?” “I don’t know anyone who predicted all of that back in December 2019. But what if someone had? What would you have done? Next question: What if that person told you that, despite all that news, the Russell 3000 would average a return of 10% a year over the next three y...
Biggest Financial Topics of 2022 and Setting Goals for 2023. Money Not Math 125
January 05, 2023 22:42 - 16 minutes - 14.8 MBBiggest Financial Topics of 2022 and Setting Goals for 2023. Money Not Math 125 Market Volatility: “There’s not a single year when the market was always positive. There will be times throughout any year when you see the market drop,” said Wes Crill, Head of Investment Strategist at Dimensional. Stock Performance in Recessions: Crill said. “There is no cookie-cutter recession and no absolute signal of when to get in or when to get out of the market.” The Fed’s Impact: “The US Federal Reser...
Congress wants to change how you save for retirement. Money Not Math 124
December 22, 2022 19:46 - 12 minutes - 11.6 MBCongress wants to change how you save for retirement. Money Not Math 124 “The changes come as almost half of older workers have no retirement savings, and many who are socking away money for their golden years are far from their goals. While Americans believe they need savings of $1.25 million to live comfortably in retirement, the typical retirement account holds less than $87,000.” - https://www.cbsnews.com/news/retirement-secure-2-0-spending-bill/ Employers may match student loan repaym...
7 Questions to Ask Yourself During Retirement Planning. Money Not Math 123
December 08, 2022 18:39 - 11 minutes - 10.3 MB7 Questions to Ask Yourself During Retirement Planning. Money Not Math 123 Have you determined if you are prepared for retirement? Have you asked yourself these seven questions about your retirement plan? Have you found answers to these seven questions? Would it be helpful to have a professional help you build, implement, and maintain your retirement plan? “Many people are living longer, which means your retirement could last for decades. But that doesn’t mean you should start planning l...
Time the Market at Your Risk. Money Not Math 122
December 01, 2022 17:14 - 11 minutes - 10.5 MBTime the Market at Your Risk. Money Not Math 122 “However, when it comes to investing and money management, my fear is that faster and easier ways of investing will allow people to lose more money faster and easier.” “The purpose of having an investment plan is so you can relax. So you don’t look at the market every day, stressing out and asking, “How’m I doing? How’m I doing?” Investors actively trading are not just potentially missing out on the expected return of the market—they’re stre...
Are you making wild predictions in your financial planning game? Money Not Math 121
November 10, 2022 23:00 - 6 minutes - 6.36 MBAre you making wild predictions in your financial planning game? Money Not Math 121 Are you trading stocks and making financial planning picks like you play Fantasy Football? Are you taking some or all of these four steps towards financial prudence? 1) Understand the impact of your decision. 2) Think long term. 3) Know your investments. 4) Seek out a qualified financial advisor. Article referenced: “Make Wild Predictions in Fantasy Football, Not with Your Money.”- Dimensional.com #Mo...
Do you and your Advisor trust the Stock Market? Money Not Math 120
November 04, 2022 19:07 - 8 minutes - 7.92 MBDo you and your Advisor trust the Stock Market? Money Not Math 120 “With over 200,000 financial advisors in the United States, how do you pick one?” “Think of the market as a giant information processing machine. Prices change as millions of buyers and sellers react to new information coming into the market. Prices settle at “fair” values that seems reasonable to both the buyer and the seller.” “What’s the catch in all this? It’s daunting to figure out what exactly to do, how to develop a...
Do Markets Care Who Runs Congress? Money Not Math 119
October 26, 2022 19:44 - 2 minutes - 2.69 MBDo Markets Care Who Runs Congress? Money Not Math 119 Should you change your investments according to which party wins a majority on Capitol Hill? Are investors investing in companies or a political party? Do you have a retirement plan that you understand and are confident in regardless of who wins in November? #MoneyNotMath #Retirement #RetirementPlanning #5StoneFinancialGroup #Markets #StockMarket #Investments Disclaimer, this content is not legal, tax, or investment advice. You shoul...
Why We Should NOT Run from Market Fluctuations! Money Not Math 118
October 20, 2022 21:37 - 12 minutes - 11.2 MBWhy We Should NOT Run from Market Fluctuations! Money Not Math 118 “Stock returns are volatile, but nearly a century of bull and bear markets shows that the good times have outshined the bad times. The stock market’s ups and downs are unpredictable, but history supports an expectation of positive returns over the long term. For the best shot at the benefits the market can offer, stay the course. Despite the year-to-year volatility, investors can potentially increase their chances of havin...
What Does Midterm Elections Mean for the Stock Market? Money Not Math 117
October 13, 2022 20:58 - 7 minutes - 7.02 MBWhat Does Midterm Elections Mean for the Stock Market? Money Not Math 117 “While the outcomes of the elections are uncertain, one thing we can count on is that plenty of opinions and prognostications will be floated in the days to come. In financial circles, this will almost assuredly include any potential for perceived impact on markets. But should long-term investors focus on midterm elections?” “Markets Work: We would caution investors against making short-term changes to a long-term pl...
Estate Planning within your Retirement Planning with Nathan Haase. Money Not Math 115
September 28, 2022 13:50 - 15 minutes - 13.9 MBEstate Planning within your Retirement Planning with Nathan Haase. Money Not Math 115 Have you properly planned for your death? When people are doing their estate and retirement planning. What options are available for them to make sure their money and assets go where they want them to when they die? - What typically happens to people’s estate if they don’t have an estate plan of any kind? - Are your wills and beneficiary designations in sync? For people who have children under the age ...
Are your investments diversified globally? Money Not Math 114
September 23, 2022 19:34 - 6 minutes - 6.15 MBAre your investments diversified globally? Money Not Math 114 If not, should they be? Should you go global for diversification that travels well? Is too much of your retirement portfolio invested in United States companies? Good luck to the Prowlers with their homecoming game tonight! #MoneyNotMath #RetirementPlanning #5StoneFinancialGroup #Money #investments #diversify #global #portfolio Article referenced, https://my.dimensional.com/go-global-for-diversification-that-travels-well?_cl...
Are you waiting until it’s too late? Money Not Math 113
September 09, 2022 18:00 - 4 minutes - 4.14 MBAre you waiting until it’s too late? Money Not Math 113 Are you waiting to get personally owned life insurance until it is too late? Are you waiting for a major life event to occur before buying life insurance? Would if that major life event makes you unable to get life insurance so it is too late? Did you know you can lose your group life insurance and your group life insurance doesn’t come with you when you leave your job? Did you know that it’s life insurance awareness month? “The gl...
Is your family on the same page financially? Money Not Math 112
September 01, 2022 20:15 - 4 minutes - 4.2 MBIs your family on the same page financially? Money Not Math 112 Are you and your spouse on the same page and working towards the same financial goals? Do you both completely understand what your retirement plan is and agree on your strategies? Do you have your wills and trusts done? Is your funeral covered financially for your loved ones when you are gone? Are your kids and loved ones aware of what your end-of-life wishes are so your estate will have a smooth transition and the government...
Do you have an effective Map to achieve your Retirement Plan? Money Not Math 111
August 30, 2022 20:06 - 5 minutes - 4.68 MBDo you have an effective Map to achieve your Retirement Plan? Money Not Math 111 Do you have a clear picture of all the financial puzzle pieces in your life and how they all fit together? Would it be valuable to you to have an understandable Asset-Map of your current situation plus a concise plan to build the retirement you deserve? Are other people in your life financially dependent on you? Do you have a plan to make sure they are taken care of? Congratulations to Sara Jane Boutique on ...
Are you planning for retirement all wrong? Money Not Math 110
August 18, 2022 19:20 - 11 minutes - 10.4 MBAre you planning for retirement all wrong? Money Not Math 110 The biggest risks in retirement and the mistakes we make when planning for them The 5 big retirement risks · Longevity risk — the risk you’ll outlive your money · Market risk — the risk of volatility in the stock market and housing market · Health risk — the risk of unexpected medical expenses and long-term care needs · Family risk — the risk of things like divorce, the death of a spouse or partner and adult children becomin...
The Difference Between a Forecast, a Wish, and a Worry. Money Not Math 109
August 11, 2022 15:29 - 4 minutes - 4 MBThe Difference Between a Forecast, a Wish, and a Worry. Money Not Math 109 Are you familiar with the difference between a forecast, a wish, and a worry? What are you basing your long-term retirement planning decisions on? “But when it comes to investing, it’s crucial to remember the difference between news and opinion, and how they are sometimes used to forecast the future.” – David Booth “Do you really want to invest your hard-earned savings – the money you’ll need for your kids’ colleg...
The Cost of Trying to Time the Market. Money Not Math 108.
July 28, 2022 18:34 - 5 minutes - 4.81 MBThe Cost of Trying to Time the Market. Money Not Math 108. “The effect of being out of the market for even a short time can be profound—missing a period of strong returns can drastically impact overall performance.” Did you know that missing just one week in the stock market can cost you over 16% of your investment potential? #5StoneFinancialGroup #MoneyNotMath #Retirement #StockMarket Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified...
Is there light at the end of the Inflation Tunnel? Money Not Math 107
June 16, 2022 19:51 - 7 minutes - 6.65 MBIs there light at the end of the Inflation Tunnel? Money Not Math 107 How has inflation affected you the most? Please comment to let me know. At some point over the past year, the financial media’s inflation coverage transitioned from, “Will this high inflation persist?” to, “Here’s how to cope with inflation that’s here to stay!” “This might be the market’s way of telling us it sees inflation getting under control in the near future.” Please comment with your thoughts on this conversa...
What is more valuable to you? Your time or your money? Money Not Math 106
June 09, 2022 21:10 - 4 minutes - 4.5 MBWhat is more valuable to you? Your time or your money? Money Not Math 106 Which are you more likely to give? Your time or money? Do you associate your time spent outside of work with a monetary value? #5stonefinancialgroup #moneynotmath #money #time #value #retirement YouTube: https://youtu.be/npnu593U8wI