Six Minutes of Wisdom
58 episodes - English - Latest episode: 9 days ago - ★★★★★ - 6 ratingsThis podcast is a series of conversations between members of the JS Group at Baird. The team members include: Randy Stary, CFP® and Senior Investment Consultant at Baird; Cynthia Schoen, CFP® and Ross Johnson, CFP®. Six Minutes of Wisdom focuses on investments, financial planning and personal finance. The intent is to keep the conversations short and meaningful.
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Episodes
Magic Number
April 17, 2024 17:52 - 9 minutes - 11.6 MBHow much money do you need to retire? How long will it take to get there? Tune in to this month’s episode of Six Minutes of Wisdom where Ross and Cynthia discuss the topic of the “Magic Number”. Click the picture below to listen!
Considerations for Tax Season
March 18, 2024 17:30 - 10 minutes - 11.5 MBWith tax season in full swing, this month’s episode of Six Minutes of Wisdom features Ross and Cynthia who discuss a few topics to consider when it comes to taxes.
The Early Days of Retirement
February 15, 2024 16:21 - 15 minutes - 16.4 MBOn this month’s episode of Six Minutes of Wisdom, special guest Randy Stary joins Ross and Cynthia to discuss his transition into retirement.
The Good and the Bad
January 16, 2024 18:47 - 12 minutes - 14.4 MBTune in to this month’s episode of Six Minutes of Wisdom. This time, Ross and Cynthia discuss some of the highlights and lowlights of last year and some things to look forward to in the year ahead.
Randy's Ruminations
December 15, 2023 16:30 - 22 minutes - 24.6 MBAs Randy’s time at Baird nears its end, he thinks back to some of the harder times and the lessons learned over the years.
Gratefulness
November 15, 2023 17:19 - 7 minutes - 8.9 MBIt’s that time of year again! Tune in to this month’s episode of Six Minutes of Wisdom where the team discusses some of the things on their minds that they are grateful for this year.
I Wish I Knew Then...
October 16, 2023 15:10 - 14 minutes - 17 MBYou know what they say.. Hindsight is 20/20. Tune in to this month's episode of Six Minutes of Wisdom where Cynthia, Ross and Randy discuss some of the things they know now that they wish they knew then.
50!
September 15, 2023 15:30 - 10 minutes - 8.3 MBJoin Ross, Cynthia and Randy for a special episode of Six Minutes of Wisdom! This time, the group joins guest speaker Michael Antonelli as they discuss pickleball, investing and more!
Back to School
August 17, 2023 03:30 - 10 minutes - 13 MBIt’s almost time to send our kids back to school! With that in mind, Cynthia, Ross and Randy discuss a few different tax-advantaged strategies that can be used to save for college expenses.
The 40-Year Milestone
July 19, 2023 14:30 - 11 minutes - 13.5 MBOn this month’s episode of Six Minutes of Wisdom, someone on the team is hitting an important milestone! Cynthia, Ross and Randy also touch on saving over time and the power of compounding.
First-Time Home Buying
June 15, 2023 15:00 - 15 minutes - 18.3 MBThis month on Six Minutes of Wisdom, Ross, Cynthia and Randy are joined by Preston to discuss the process of buying a home! The team discusses mortgage rates, house pricing and much more. *Disclosure: Baird does not provide tax, legal or real estate advice and does not provide or service mortgages.*
CD Laddering
May 15, 2023 15:00 - 12 minutes - 13.3 MBThis time on Six Minutes of Wisdom, Cynthia, Ross and Randy discuss the strategy of laddering bonds and CDs and how effective this can be in an environment with high interest rates.
Spring Cleaning
April 17, 2023 17:21 - 8 minutes - 6.24 MBTune-in to this month's episode of Six Minutes of Wisdom. This time, Ross and Cynthia are on to discuss the topic of Spring Cleaning as it pertains to our finances and a particular tool that Baird provides to help with this.
Tax Windfall - Save It or Spend It?
March 15, 2023 16:09 - 13 minutes - 10.9 MBAre you getting a tax refund this year? What will you do with it? Tune-in to this month’s episode of Six Minutes of Wisdom where Ross, Cynthia and Randy discuss taxes and what to do with your refund.
Changing the Oil
February 15, 2023 17:45 - 8 minutes - 7.51 MBDentist appointments, physicals and the periodic oil change – there are many things in our lives that need our attention on a regular basis. One of those things that we should be checking in on is our 401k! In this episode, Ross, Cynthia and Randy discuss the importance of monitoring our 401k and what we can be doing to keep it running smoothly.
Retiring Into a Potential Recession
January 16, 2023 16:30 - 10 minutes - 9.16 MBRandy’s retirement is now less than a year away! With that in mind, the team discusses the market outlook for the coming year and how a potential recession could impact retirement preparation.
Tales from the Crypt-O
December 19, 2022 16:00 - 10 minutes - 8.83 MBWith the recent news of the FTX debacle, Ross, Cynthia and Randy discuss cryptocurrencies and other speculative investments and stress the importance of sticking to the meat and potatoes.
Grateful
November 15, 2022 15:00 - 10 minutes - 9.07 MBThanksgiving is nearly upon us! In the spirit of the season, the team discusses everything they have to be grateful for, the benefits of being grateful, and how they practice this virtue in the workplace.
Making Lemonade
October 14, 2022 15:10 - 12 minutes - 18.1 MBWith the recent market volatility, it’s easy to develop a negative attitude, but there are still things we can be doing to remain productive. Click the picture below to listen to Ross, Cynthia, and Randy discuss what we can be doing to make the most out of a bear market.
September Blues
September 14, 2022 12:21 - 8 minutes - 13.4 MBIn this episode Ross, Cynthia and Randy discuss the common phenomena of a fidgety market in the month of September. What might becausing this and how should we react?
Electronic Legacy
August 15, 2022 14:42 - 12 minutes - 18 MBRandy, Ross and Cynthia discuss how to name legacy contacts on various internet platforms. What happens if you die? Do your family members know how to access all of your passwords? As our lives become more intertwined with the internet, we need to make preparations for our eventual passing.
Anecdotes of Inflation
July 14, 2022 17:00 - 10 minutes - 15.4 MBInflation seems to be tops on everyone's mind these days. Ross, Cynthia and Randy discuss their inflation issues. Whether it's buying groceries, clothes for the kids or rennovating a home, we are all feeling the impact on the family budget.
Investing and Your Behavior
May 31, 2022 14:00 - 17 minutes - 24.9 MBRoss, Cynthia and Randy converse with Mike Antonelli. He is our resident blogger, futurist and psych coach. Markets are tough. What do we do?
You Have the Power!
May 13, 2022 17:00 - 11 minutes - 17.5 MBThe JS Group discusses Power of Attorney documents and their importance for young and old alike.
The Master Calendar
April 15, 2022 16:51 - 9 minutes - 13.9 MBRoss, Cynthia and Randy discuss the Master Calendar. This is not our original idea, but it makes sense to keep track of things that need to be done routinely. When was the last time you cleaned behind your fridge? That's what we thought!
Save with Tech on P&C Insurance
March 16, 2022 18:00 - 14 minutes - 20.2 MBCynthia, Ross and Randy interview Brian Jagodinsky. Brian is a property and casualty insurance agent. He tells us how certain techologies in our home can help us save on our homeowners insurance. A number of us have these technologies already and have not informed our agent to receive the requisite savings.
In Plain Sight!
February 15, 2022 18:00 - 8 minutes - 13.1 MBCynthia, Ross and Randy discuss a fixed income investment that is available to everyone but you can't get from your financial advisor. Better yet, it is the high rate, lower risk investment everyone asks for.
Vision, Habits and Discipline
January 14, 2022 18:00 - 6 minutes - 9.95 MBCynthia, Ross and Randy of The JS Group at Baird discuss how success with goals depends on good habits and discipline. Randy learns what a "Vision Board" is.
Things to Remember in December - 12 2 21 9.55 AM
December 15, 2021 18:00 - 7 minutes - 12.1 MBCynthia, Ross and Randy discuss some strategies to consider in December. What should you do to shield income? Getting a bonus? Maybe there is something to consider to avoid additional taxes in April.
Time for Benefit Enrollment
October 29, 2021 17:00 - 9 minutes - 14.8 MBRoss, Cynthia and Randy of the JS Group discuss your benefit enrollment options and some things you should consider at this time of year when that enrollment email comes.
Are You Leaving Money on the Table?
October 15, 2021 17:00 - 6 minutes - 11.2 MBRoss was so worried about his greeting that he didn't introduce himself. So, Ross Johnson, begins the podcast by talking about the time of year that is important to seniors. Open enrollment. Now is the time to check your premiums.
No Long Term Care?
September 14, 2021 15:44 - 8 minutes - 12.7 MBCynthia, Ross and Randy of the JS Group discuss the tie-in between Social Security and your Long Term Care.
Pillars of Business Success
August 13, 2021 17:00 - 9 minutes - 12.6 MBCynthia, Randy and Ross discuss the issues you need to think about as you decide to start a business.
Uncovering Opportunity
July 15, 2021 17:00 - 7 minutes - 10.7 MBRoss, Cynthia and Randy discuss how they have uncovered opportunities for clients to reduce expenses and taxes. They encourage you to ask your advisor for advice on many things you may not realize they can assist with. If they can't assist from past experience, they may be able to refer you to a professional who can help.
Please Don't Put Me in a "Home"!
June 15, 2021 17:00 - 20 minutes - 29.1 MBCynthia initiates a discussion with Ross and Randy regarding the process Randy is using when assisting his father with the selection of assisted-living facilities. We discussed the tone of the conversation as well as what steps needed to be taken so that the family member is in agreement with the ultimate transition.
Pay Stub
May 15, 2021 17:00 - 15 minutes - 24.2 MBRoss, Cynthia and Randy dissect a pay stub. We review all of the pretax and after-tax withdrawals that occur before you finally see the final amount hit your bank account. How can you maximize the benefits from some of these deductions? We'll get into the weeds on that.
Health Savings Accounts
April 16, 2021 17:00 - 12 minutes - 18.3 MBRoss, Cynthia and Randy of the JS Group at Baird discuss the advantages of participating in a HSA account. Why should younger individuals be thinking about this as an important investment and tax avoidance tool?
Social Media Frenzy
March 16, 2021 17:00 - 11 minutes - 15.8 MBWhile Ross tested his mental acuity by taking the CFP® exam, Cynthia and Randy discussed the recent hysteria over stock manipulation with social media posts. Please don't try this at home!
For the Love of Rover
February 12, 2021 18:00 - 14 minutes - 22.4 MBRandy interviews the other members of the JS Group at Baird that own pets. A recent Wall Street Journal article enumerated the many expenses of pet ownership and we discuss some of these costly surprises.
Baby It's Cold Outside
January 15, 2021 18:00 - 10 minutes - 14.6 MBRoss, Cynthia and Randy discuss the pros and cons of freezing your credit and what the process is.
The Unicorn
December 17, 2020 18:00 - 11 minutes - 18.4 MBDebbie Loritz has worked for Baird for 40 years. She came out of high school to start her career at the age of 18. She recently was blessed with a little granddaughter and decided that spending more time with Charlie is her first priority. We got a little history lesson and some heartfelt reminiscing from Debbie in this interview.
Portfolio Management with Max Mann
November 17, 2020 18:00 - 11 minutes - 15.6 MBCynthia, Ross and Randy discuss portfolio management with Max Mann. Max is a CFA and portfolio manager for the Baird Specialized Asset Management team. He provides insight into the role of a portfolio manager and how they manage investment assets in these interesting times.
The Real Estate Conundrum
October 15, 2020 17:00 - 11 minutes - 16.1 MBRoss and Randy of the JS Group at Baird discuss the current real estate market. They also delve into the difficulties first time home buyers are experiencing. Why is it still a good thing to own your own home?
The JS Group Game Show
September 15, 2020 17:00 - 7 minutes - 11.5 MBRandy sets up a rivalry between Cynthia and Ross by creating a game show atmosphere. He asks them questions about the worst performing month of the year, the affect of the election on stock markets and how the deferment of the payroll tax works.
Five Months to Go- Tax Planning
August 19, 2020 17:00 - 13 minutes - 19.3 MBCynthia, Ross and Randy interview Kelsey Clair. Kelsey is Baird's Tax Strategist in the Financial and Estate Planning Area. We discuss what we should be thinking about as it pertains to the CARES act and the provisions that allow some special situations this year only. We also discuss the election and how that may affect your planning.
Overconfidence
July 15, 2020 05:00 - 8 minutes - 11.5 MBIn this episode of Six Minutes of Wisdom, Ross and Cynthia discuss the overconfidence their children have around the pool and lake. Some minor incidents are used as an analogy to be "in tune" with your emotions when investing and know what allows you to sleep at night.
Mike Antonelli Interview
June 16, 2020 00:03 - 15 minutes - 21.4 MBMike Antonelli is a Private Wealth Management Market Strategist at Baird. We love the energy he brings to any topic. Cynthia, Ross and Randy decided to chat with him a bit given the historic movements in the market since the end of February. Our six minutes became fifteen minutes of wisdom, but this was too good to crop!
Best Day Ever
May 08, 2020 14:17 - 5 minutes - 9 MBThe JS Group shares their musings on what is important while we contend with our response to the virus. Randy wrote an essay, "The Best Day Ever" and shares excerpts from that essay as a prelude to the inner thoughts of the rest of the team.
COVID -19 and The CARES ACT
April 14, 2020 17:00 - 12 minutes - 13.8 MBIn this episode The JS Group is working remotely from home. They discuss what they've been doing to remain sane. They also discuss the new CARES Act and how it may benefit you. You may have a little more time on your hands so we gave you 12 Minutes of Wisdom this month!
"Power of Bad" Effect on Investors
March 13, 2020 05:00 - 6 minutes - 9.54 MBJohn Tierney and Roy Baumeister wrote the book, "The Power of Bad". It's a book that delves into our compulsion to focus on the negative and how to turn that in our favor. Cynthia and Randy, from the JS Group at Baird, discuss the ramifications of this effect and how to counteract it in an investing environment.