Welcome To “Solving The Financial Puzzle” Podcast
Many Americans were able to build up their savings accounts during COVID and now have extra cash at their disposal. With inflation on the rise, sitting on cash isn’t the best long-term strategy so what should you do with this extra money? Dan Cuprill will share nine different ways to use your cash and explain the pros and cons for each.
Key points on this episode:
2:26 – Spend it
3:24 – Put it in the bank
5:02 – Buy annuities
6:03 – Address an exposure you have in your plan
8:13 – Invest in an iBond
8:59 – Take advantage of discounted stocks/bonds
9:44 – Pay off debt
10:21 – Give it away
10:58 – Ask yourself this question
For more financial resources, visit us online: http://moneyandclarity.com
Join Certified Financial Planners Nikki Earley and Dan Cuprill each month on the Retirement Rescue Podcast. They’ll discuss some of the most essential issues facing retirees, break down important financial planning ideas, and provide their reactions and insights on various retirement planning articles and commentary from across the financial world. It’s all to help you get a little smarter when it comes to spending your time, money and energy on preparing for retirement.
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Episode Show Notes
Ep 172: 9 Ways to Use Your Extra Cash
Today's Focus: Many Americans were able to build up their savings accounts during COVID and now have extra cash at their disposal. With inflation on the rise, sitting on cash isn’t the best long-term strategy so what should you do [...]
Ep 171: Is It Time to Panic?
Today's Focus: No matter where you look, there’s very little positive financial news right now. Inflation is soaring. Markets are tumbling. Supply chain issues continue. You’re probably wondering if this time is different. Let’s take a look at this current [...]
Ep 170: Why Soaring Home Prices are a Great Thing
Today's Focus: Real estate prices have been soaring over the past few years and that has plenty of people worrying about a bubble coming. Rather than stressing over something that may or may not happen, take time to enjoy the [...]
Ep 169: How Do Markets React to Major Events?
Today's Focus: We’ve all been keeping an eye on the events happening in Ukraine and many people have been asking us what it might mean to the economy in the near term and the long term. Today we’ll share an [...]
Ep 168: Making Planned Gifts Before Death
Today's Focus: Having to handle the estate of a loved one can be a difficult time because of the emotional ramifications that come along with making these financial decisions. We found an interesting article that explored the author’s personal experience [...]
Ep 167: The Inflation Impact on Planning
Today's Focus: It’s impossible to ignore the rising costs in everyday expenses right now and it’s clear that inflation will need to be incorporated into planning moving forward. Today we’ll explore the impact inflation is having on retirees and pre-retirees [...]
Ep 166: Secure Act 2.0 – What You Need to Know
Today's Puzzle: The SECURE Act, when rolled out in 2020, was some of the most significant retirement legislation in years, but the government is already discussing further changes. Let’s run through the list of proposals and find out how they [...]
Ep 165: Learning Through Uncommon Sense
Today's Puzzle: The statements we’ll run though on the show today are basic common sense that nearly everyone would agree with, but our behave often doesn’t line up. Today look at these straight-forward approaches and explain what keeps us from [...]
Ep 164: Financial Planning in Biden’s America
Today's Puzzle: On today’s show, we’re going to be talking about financial planning in President Biden’s America. We’re past his 100th day in office, so let’s take a look at the impacts in financial planning and the markets. [...]
Ep 163: Flirting with Financial Disaster
Today's Puzzle: Comprehensive planning takes care of every aspect of retirement, but without it there are areas that could quickly become a calamity. Today we’ll identify five key areas where people don’t pay enough attention and end up flirting with [...]
Ep 162: Tax Tips for 2021
Today's Puzzle: If you’re getting prepared to file your 2020 taxes and looking ahead to the changes that might be coming this year and beyond, we’ll run through some of the key items from a very unique and challenging last [...]
Ep 161: 5 Important Retirement Statistics Worth Your Time
Today's Puzzle: As we kick of the new year, let’s talk about what statistics tell us about retirement. We found five specific stats that will surprise you and make you realize that financial planning needs to be a priority in [...]
Ep 160: Economic Outlook Following the Election
Today's Puzzle: Dan Cuprill is back on the show today to help us sort out the economic impact the election will have as we move into a new year. With talk of the Green New Deal, student debt forgiveness, and [...]
Ep 159: Obsolete Retirement Planning Ideas
Today's Puzzle: Much like technology becomes outdated each year, retirement planning strategies begin to lose their effectiveness over time. Today we’ll look at five different planning ideas that have been used quite a bit before but might not have the [...]
Ep 158: What Financial Challenges Do Women Face More Often?
Today's Puzzle: Like it or not, there are certain financial challenges that women are more prone to face. Why is that? What can you do about it? (Click the featured times below to jump forward in the episode) [...]
Ep 157: Retirement Ready – Are You Clinging to False Hope?
Today's Puzzle: We often find that people are clinging to certain ideas or beliefs that end up giving them a sense of false hope about their retirement. It’s a dangerous position to be in. Let’s explore some of the faulty [...]
Ep 156: Choosing Between A Traditional Or Roth IRA
Today's Puzzle: Maybe you know you need to contribute somewhere or you’ve always contributed to a traditional IRA but have been wondering about the Roth. Nikki explains the similarities and differences between the two and explains the long-term benefits. [...]
Ep 155: Are You Paying Enough Attention to Your Largest Assets?
Today's Puzzle: As investors, we’re always looking out ahead towards our goals in retirement so we’re constantly striving to move forward. But doing that can lead to us forgetting about the importance of managing what we already have. Let’s look [...]
Ep 154: Is The Market Response To Coronavirus Normal?
Today's Puzzle: Over the past month, we’ve seen financial markets react to potential economic fallout from the coronavirus pandemic and it’s happened at an unprecedented pace. But how surprised should we be by this significant reaction? Dan Cuprill joins the [...]
Ep 153: Coronavirus and Solid Financial Truths
Today's Puzzle: No one could predict how much of an impact the coronavirus would have on the market, but it’s been a rough month for everyone. Nikki will share her thoughts on this unprecedented time and talk about the conversations [...]