It's All About the $Money, Honey‪!‬ Victoria Woods

Perhaps more than any other financial strategy, there seems to be a deep love-hate relationship when it comes to insurance. We hate paying for it when we don't use it, but love it when we need it to save us from a catastrophic financial loss. In this episode, we share four situations when having insurance can really save you.

Our recent episode on 5 crucial retirement decisions you will have to make was so popular that we decided to follow it up with 5 more crucial retirement decisions. In this episode, we discuss retirement decisions ranging from tax minimization and Medicare to recovering from the loss of a loved one and how you'll spend your time. 

In order to plan for retirement, you have to make some assumptions about the future. These include assumptions like how long you’ll live, the rate of inflation, and the expected rate of return you'll get. Some assumptions you make from educated estimates. Others you make because everyone else you know is also making them. In this episode, we share 4 assumptions a lot of people make about their retirement years that aren’t as correct as you might think. We'll also share a new scam you need to know about so you can protect yourself.

Before and during retirement, there are massive decisions you will have to make and many of these can only be made one time. Unfortunately, the consequences of getting them wrong range from minor to catastrophic. In this episode, we discuss five crucial decisions you will have to make that will dictate the direction for your lifestyle and healthcare in retirement.

“The stock market is a device to transfer money from the impatient to the patient.” – Warren BuffettDealing with volatility is the price of admission for future returns. If you want to reap the wealth the market can provide, you've got to be willing to ride the downs as well as the ups. However, the consistent fear and negative headlines in the media make it difficult to stay focused on what’s important – the long term. In this episode, we share why the average investor far underperforms the market and what you can do to stay calm when the market goes crazy.

At the beginning of each show, you hear us say “It’s not what you earn, but what you keep.” Becoming wealthy takes work, discipline, and planning – but believe it or not, that’s actually the easy part. Staying wealthy is harder, because typically, you’re using your wealth in retirement, with no regular paycheck to replenish it. In this episode, we share 3 keys to staying wealthy and increasing the odds you don’t run out of money.