36 episodes

Weekly financial and retirement planning guidance from Scottsdale's Charles Scott of Pelleton Capital Management.

Financial Choices Matter Charles Scott

    • Investing

Weekly financial and retirement planning guidance from Scottsdale's Charles Scott of Pelleton Capital Management.

    The Ins And Outs Of Mutual Funds

    The Ins And Outs Of Mutual Funds

    Mutual funds have long been the most popular way for people to invest, but is that landscape changing?
    Show Notes:
    1:45 - Financial Dictionary: Tax Loss Harvesting
    5:06 - Ins And Outs Of Mutual Funds
    5:19 - Point #1: What Percentage Of Clients Have Mutual Funds When They First Come To See You?
    6:24 - Point #2: Expense Ratios
    7:58 - Point #3: Front Load, Back Load, No Load
    9:20 - Point #4: Tax Issues Mutual Funds Can Create
    11:07 - Point #5: Should Mutual Funds Be Eliminated?
    12:59 - Mailbag Question from Confused: "How to consolidate multiple investment accounts?"

    • 18 min
    Your Financial Advisor Must Have These Traits

    Your Financial Advisor Must Have These Traits

    Trustworthy. Likeable. Problem-solving. Good listener. We should be describing your financial advisor or a potential advisor if you’re in the process of finding one. On today’s show, we’ll talk about why it’s so important for your advisor to embrace these kinds of characteristics. That’s the easy part. But we’ll also tackle the harder part and discuss some tangible ways how you can determine if an advisor has these characteristics or not.
    Show Notes:
    1:38 - Headline: Rand Paul Bill
    6:45 - Traits A Financial Advisor Must Have
    7:12 - Trait #1: Trust
    8:56 - Trait #2: Likeability
    10:03 - Trait #3: Area Of Expertise
    11:17 - Trait #4: Listening Ability
    13:00 - Trait #5: Problem Solver
    14:58 - Mailbag Question from Norm: "How much risk to take now that I'm in retirement?"

    • 18 min
    Top 5 Social Security Misunderstandings

    Top 5 Social Security Misunderstandings

    Myths, rumors, and misunderstandings are pervasive in the world of Social Security. On this show, we’ll look to clear up the top 5 misunderstandings about Social Security.
    Show Notes:
    1:33 - Mailbag Question from Randall: "Places to start investing in for retirement."
    5:21 - Top 5 Social Security Misunderstandings
    5:42 - Misunderstanding #1: Social Security Is Going Broke
    6:43 - Misunderstanding #2: You Should Start Social Security As Early As Possible
    7:31 - Misunderstanding #3: You Should Start Social Security As Late As Possible
    9:25 - Misunderstanding #4: The SSA Can Help You Choose The Best Strategy When You Go And See Them
    11:37 - Misunderstanding #5: You Don't Pay Taxes On Social Security Benefits
    14:48 - Do You See People Often Overestimating Their Risk Tolerance?

    • 18 min
    Avoiding Critical Estate Planning Mistakes

    Avoiding Critical Estate Planning Mistakes

    There are some people who don’t care at all about leaving a financial legacy, but for those who do, it’s important to eliminate some of the common estate planning mistakes.
    Show Notes:
    0:56 - In The News: How the stock market might react to the result of the upcoming election
    5:27 - Avoiding Critical Estate Planning Mistakes
    5:43 - Mistake #1: Not Planning Your Expenses In Retirement
    7:17 - Mistake #2: Beneficiary Designations
    10:01 - Mistake #3: Not Considering The Tax Implications Of Your Estate
    13:25 - Mailbag Question from Helen: "Are there really no tax implications to rolling over the 401 (k)?"

    • 17 min
    It’s Good To Have Awkward Conversations

    It’s Good To Have Awkward Conversations

    Sometimes being a good financial advisor means having uncomfortable conversations. We’ll take a look at how advisors should help clients navigate various tricky situations.
    Show Notes:
    0:48 - Story Time: Tax Planning
    3:48 - It's Good To Have Awkward Conversations
    4:30 - Conversation #1: Death Of A Spouse
    6:11 - Conversation #2: Nursing Home Care
    8:50 - Conversation #3: Working Longer Than Expected
    12:01 - Conversation #4: Legacy Planning
    15:21 - Mailbag Question from Kevin: "My employer plans to stop matching 401k contributions..."
    18:02 - Mailbag Question from Annie: "Most of my 401k is invested in company stock..."

    • 22 min
    Retirement Constants That Affect Everyone

    Retirement Constants That Affect Everyone

    While there are some factors that are different for everyone in retirement planning (variables), there are also constants that affect everyone, no matter the specifics of your situation. How do we plan around these constants?
    Show Notes:
    2:13 - Retirement Constants That Affect Everyone
    2:34 - Retirement Constant #1: Inflation
    4:45 - Retirement Constant #2: Rising Taxes
    6:37 - Retirement Constant #3: Market Volatility
    9:15 - Retirement Constant #4: Healthcare
    11:54 - Mailbag Question from Sally: "Are fees and commissions the same thing?"
    13:48 - Mailbag Question from Lucy: "How often should I meet with my advisor?"
    15:59 - Getting To Know Charles: What is your favorite movie genre?

    • 18 min

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