Ditch the Suits - Your Money, Your Life NQR Media

Want to get in touch? Send us a text!Are you unknowingly increasing your financial risk in retirement by trying to avoid it? Today's episode will transform your understanding of financial safety and risk management in retirement. We'll unravel the paradox of relying solely on fixed-income investments and explore the nuanced risks, such as interest rate and inflation risk, that might be lurking beneath the surface.Throughout this discussion, we'll share real-life stories and examples to showca...

Want to get in touch? Send us a text!What if your retirement strategy is setting you up for financial instability? Discover why leaning too heavily on fixed-income sources like pensions and Social Security may be a costly mistake. In this episode, we discuss the pitfalls of being overly conservative with your retirement investments and the crucial need to balance risk for long-term financial success.Ever wondered what the real risks are in your investments as you approach retirement? We break...

Want to get in touch? Send us a text!In this episode, we discuss the myth that financial advisors who make commissions can provide impartial advice. We define impartial advice as someone who is not directly involved in a particular situation and is able to give a fair opinion or decision about it. Travis shares his experience in the industry and explains the various incentivized compensation structures that financial professionals receive, such as upfront commissions, new asset bonu...

Want to get in touch? Send us a text!In this episode, we discuss the myth that Roth IRAs are right for everyone. We explain what a Roth is and how it differs from a traditional IRA. We also discuss the different ways to access a Roth, including Roth 401(k)s, backdoor Roths, and Roth conversions. Our conversation emphasizes the importance of understanding tax brackets and how they can impact the decision to contribute to a Roth. Lastly, we highlight the benefits of Roth IRAs for reti...

Want to get in touch? Send us a text!In this episode, we discuss the myth that everyone should have three to six months' worth of expenses in their emergency fund. We argue that this advice is overly generic and fails to consider individual circumstances and lifestyles. We emphasize the importance of understanding your expenses and income over a prolonged period of time and tailoring the emergency fund accordingly. We also explore different tools and strategies for accessing cash in...

Want to get in touch? Send us a text!In this episode, Steve and Travis discuss the misconception that investing in the stock market is like gambling. They emphasize the importance of understanding the difference between price and value, and how short-term price fluctuations should not dictate investment decisions. They also highlight the long-term growth of the S&P 500 and the potential for significant returns over time. The conversation concludes with a reminder to filter out the noise a...