Welcome To “Solving The Financial Puzzle” Podcast
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 thinking that ultimately leaves people underprepared for retirement.
Read more and get additional financial resources here: https://www.moneyandclarity.com/2020/07/ep-157-retirement-ready-are-you-clinging-to-false-hope/
Today’s show schedule:
0:56 – How’s life in Ohio right now?
2:48 – What we’re talking about today.
3:36 – The mindset that you’ll be ready to retire when you hit a certain number.
8:15 – Belief that your income needs are going to decrease when you retire.
10:40 – Assuming that an inheritance will make up for any shortfalls in retirement.
13:27 – You’re going to ‘just figure it out’ in retirement.
14:23 – Assuming that the income estimate on our 401k statement is accurate.
16:53 – Take us through the Money & Clarity for crafting a plan.
Financial and retirement guidance from Nikki Earley, Certified Financial Planner at Money & Clarity. Get great financial guidance and information monthly on this show to help you prepare for a prosperous retirement and financial future.
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Episode Show Notes
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 [...]
Ep 152: Meet the New Host Nikki Earley
Today's Puzzle: After a short break, the podcast is back with some news! Dan Cuprill has handed the baton to Nikki Earley and she’s taking over the show moving forward. Today we’ll introduce you to the Certified Financial Planner and [...]
Ep #151: Meet the Parkers: A Case Study for Whether or Not You Need an Advisor
Today's Puzzle: We get the question quite a lot about whether someone needs a financial advisor so Dan Cuprill shares a real-life example of a couple he worked with to provide a case study for how the process plays out. [...]
Ep #150: I’m Dead, Now What? Preparing Yourself for Estate Planning
Today's Puzzle: No one wants to think about death but thinking about how your assets will be handled when you’re gone is a necessary part of life. Effective estate planning can leave you in control of your hard-earned money and [...]
Ep #149: Social Insecurity: What You Need to Consider When Filing for Social Security
"There are no stupid questions, just the stupid people who ask them." That famous quote speaks to the heart of this edition of the podcast. Join us as we seek to educate you about the financial world and answer five of the most popular financial questions we receive on a regular basis. Don't worry, these are actually pretty complex questions.
Ep #148: Stupid Questions?
"There are no stupid questions, just the stupid people who ask them." That famous quote speaks to the heart of this edition of the podcast. Join us as we seek to educate you about the financial world and answer five of the most popular financial questions we receive on a regular basis. Don't worry, these are actually pretty complex questions.
Ep #147: The Bern Is Back
The Bern is back, and it seems the self-avowed Socialist movement is on the rise. Join us as we unpack why managed economies simply won't ever work.
Ep #146: Dealing With Death
Nobody likes to think about dying, but death is an inevitable reality. Discover what you need to do to make sure you loved ones are cared for when you die.
Ep #145: The Right Reasons To Hire A Financial Advisor
You probably have several reasons for choosing one advisor over another, but are they the right reasons? Discover why you should hire a particular advisor.
Ep # 144: Dealing With Disappointment
Don't let disappointment get in the way of your investing strategy. Dan shares with us how to stay the course amidst economic and political upheaval.
Ep #143: Your Portfolio Stinks
Face it. Your portfolio stinks. It's probably not invested as well as you think, but don't worry, we've got a solution for you.
Ep #142: Budgets For People Who Hate Budgets
Budgets are tricky. If you struggle with managing your own, we've got a process to help you save and become aware of your spending habits.
Ep #141: In Defense Of Debt
Debt can be your worst nightmare. However, with the proper knowledge, consideration, and caution, it can also be a valuable tool. Dan explains.
Ep #140: Getting Old Stinks
Getting old can be tough. As you enter retirement, there are all sorts of difficulties you may face. Dan will help you plan a worry-free retirement.
Ep #139: Boring Is Beautiful
Boring is beautiful. On this edition of the podcast, we'll explain why a boring portfolio brings stability in retirement.
Ep #138: Get The Heck Out Of My House
If your kids are living in your house, this one's for you. Learn why allowing your kids to live at home after college does way more harm than good.