Goldstein on Gelt

Globalization connects the world and creates endless possibilities. But globalization is not a win-win scenario for everyone. How are your personal finances affected by a growing global economy? Professor Angus Deaton, Nobel Prize-winning economist and Professor Emeritus at Princeton University, joins the show to talk about the effects of globalization on the economy. He explains why there is still a clear division between the "haves" and the "have-nots," and how we can even out the playing field. Professor Deaton says our education system may be part of the problem, and that technology could correct economic inequalities. What you need to know about early retirement Early retirement takes more work to plan than retiring at the standard retirement age. If you are considering early retirement, learn the 8 Rules for Early Retirement Success. How you prepare for your retirement makes all the difference. Download the list of Early Retirement Rules here. Free Download: 8 Rules for Early Retirement Success. To learn more about Professor Angus Deaton, read his book, The Great Escape: Health, Wealth, and the Origins of Inequality, or click here. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's ebook The Retirement Planning Book.

Contracts are an integral part of life. Many of our daily interactions include either a verbal or written contract. What contract is implied when you buy/sell investments? Oliver Hart, Nobel Prize winner and Economics Professor at Harvard University, explains "contract theory." He defines what a contract is and how people enter into agreements. Listen to their discussion of bond contracts and other investment agreements that require a contract. Why do people frequently sign contracts that they may not fully understand? They also dive into the legal enforcement of contracts and the problems a contract can cause for both parties. Is your current bank or brokerage firm providing the services you need? Doug shares the story of a client who set up a U.S. investment account through his Israeli bank. He points out the folly of this decision (from an American tax point of view) and where the bank might have gone astray wrong with its financial planning models. To learn more about how to plan a bond ladder, watch this short video, Learn How to Make a Bond Ladder. If you're not sure your current brokerage firm is giving you the service you need, watch U.S. Brokerage Accounts for Non-U.S. Residents. To follow Professor Oliver Hart visit his website. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book. Note, Doug is an investment advisor and does not give tax or pension advice.

Joining Doug today are the panelists from the Money Tree Investing Podcast: Joe Saul-Sehy, Miranda Marquit, and Linda P. Jones. The discussion among four top financial podcasts focuses on the real issues brought up in listener questions. Send your questions, or tell me your biggest financial problem!

Should the goal of investing be to beat the market or to meet your personal financial goals? Spencer Jakab, editor of The Wall Street Journal's column Heard on the Street and author of Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor, describes what happens when investors let media pundits (experts) and trends sway their financial habits. Frequently, individuals actively managing their own investments have lower returns than a completely passive strategy. Why is this? How can you tilt the odds of success in the market in your favor? Does following professional advice help? How about following media trends? Doug and Spencer talk about how to develop a mechanical investing strategy, and what steps you should take if you really want to beat the market. Take these steps if you want to retire early Doug shares a list of five tips he has for investors with their hearts set on retiring early. He shares the obvious things to do and maybe a couple of things you haven't thought about… like running Monte Carlo Simulations. If you would like a copy of these tips about retiring early, download "What You Need to Know to Retire Early" here. Free Download: What You Need to Know About Retiring Early To learn more about Spencer Jakab, visit his website or follow him on Twitter at @SpencerJakab. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book. Like what you hear? Leave a review on Apple Podcasts. Click here if you have iOS 11

Most adult children eventually face the problem of having to help aging parents with financial decisions. What is the easiest way to have that discussion when the time comes? Carolyn Rosenblatt and Dr. Mikol Davis of Aging Parents offer non-threatening ways to begin the conversation and how to respond if a parent doesn't want to talk about the subject. Approaching an aging parent about their intellectual (and fiscal) demise is a delicate matter. Related, is the subject of elder financial abuse. Sadly, there are people who will take advantage of a deteriorating mental and physical state. Listen to learn some common preventive measures you can take to protect the elderly. They cover conversations a family should have and conversations that should be revisited later on down the road. If you need a little advice on how to speak to your aging parents about their finances, tune in now. 8 mistakes that high earners need to avoid Doug received a listener letter from Matthew who asks for advice on how to control his expenses. Doug answers his question with a list called, The Worst Mistakes of High Earners and How to Avoid Them. Download the list here. Free Download: The Worst Mistakes of High Earners and How to Avoid Them To follow Carolyn Rosenblatt and Dr. Mikol Davis, go to Aging Parents, or look on Facebook and Twitter. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover/. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.

If you were born between 1982 and 2004 you can be considered a millennial investor. This is because millennials were born near, or came of age, during the 21st century. Millennial investors are the largest generation in American history, and the most tech orientated. How does their reliance on technology affect their finances? Unfortunately, millennial investors have a reputation for being disinterested in face to face meetings. So, how does a financial planner effectively communicate with them? Stephen Rischall, one of Investopedia's most influential 10 financial advisors, reveals his findings after working with millennial investors. Contrary to popular belief, millennials don't hide behind text messaging and social media regarding their money decisions. Stephen assures Doug that the investors he works with are very committed to maintaining a close relationship with their advisor. He shares observations about family financial planning and why he believes that the millennial generation's relationship with technology can be a good thing for their portfolios. Tune in to hear what you can learn from the "social media generation!"

What is the right way to discuss finances in your marriage?

Doug tells about a recent meeting he had with a couple that demonstrates a great example of family financial planning. He explains why the couple impressed him and which of their habits are good for others to emulate. If you are in need of advice on how to include your spouse in the family financial planning, then Doug has some tips and habits for you! To learn more about Stephen Rischall visit his website www.1080financial.com and Twitter. Facebook users can also watch his live stream every Friday, Financial Fridays. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.

What does the perfect investment portfolio look like? Ken French, Professor of Finance at the Tuck School of Business at Dartmouth College, explains how to build a perfect investment portfolio. Since no one is the average investor, figure out how you are different from the average investor, and build your portfolio accordingly. Financial success isn't built by choosing the right stock, but making investments with your goals in mind. Chasing the latest "hot stock" or basing your financial decisions on the financial news is not the ideal investment model. Instead, Professor French encourages investors to make sure their portfolios are designed to meet their financial goals in the most efficient way possible. Remember, efficiency doesn't mean beating the market. Listen to learn why passive strategies might be best for you.

You really want this to happen, but could it ruin you financially?

Doug examines what living longer means for your financial plan. He recalls a conversation he had with Professor Robert Merton about the economic impact of a long life. What can you do to avoid outliving your money? Today's generation is expected to live longer than any generation before it. Doug has put together a summary of his discussion with Professor Merton. Download these notes to get quotes from the interview and three major tips Doug has for longer retirement plans. Free Download now: You Really Want This to Happen – But it Can Ruin You Financially Learn more about Professor French at mba.tuck.dartmouth.edu and at the Fama/French Forum. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.

To protect your portfolio's assets and keep investment gains, it is more important to buy at the right price or sell at the right price? Grant Williams, co-founder of the Real Vision Group and author of Things That Make You Go Hmmm… discusses the steps that investors can take to protect their investment portfolio. There is no guaranteed answer, however, there are decisions and precautionary measures that can minimize the possibility of losing money. Grant encourages listeners to watch their stocks and other investments carefully so they can be more proactive in their portfolio growth. He also has some sound advice for baby boomers who want to bolster their portfolios. So, how do rich people get richer? Doug has observed wealthy people and their habits over the years. He compiled his findings into a downloadable document, available here. This list is the perfect resource for anyone who wants to know how the rich stay rich. If you would like to adapt other habits of the wealthy read, Tom Corley's article 16 Rich Habits, or listen to our discussions when he was on the show twice before. Listen here. To learn more about Grant Williams visit the Things That Make You Go Hmmm… website and Real Vision's website. Follow him on Twitter at: @ttmygh To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.

Your portfolio returns can be affected by not only owning the right investment, but by making sure it is in the right type of account. Bob French, the Director of Investment Analytics at McLean Asset Management, gives insights on how investors can optimize their portfolio returns. Different investments grow at different rates, Bob helps investors put the right investment in the right type of account. He also shares the smartest withdraw strategy for retirees needing income (hint: it has to do with hiring a professional money manager). The most important thing to know when moving your money from America to Israel Doug has a list of tips for American expats (olim) who want to move their U.S. dollars abroad. He explains why it may be difficult to move money, and tells listeners how to avoid the delays and frustrations many international investors face. To access the whole list, click here. To follow Bob French, visit his website retirementresearcher.com, or follow him on Twitter @Robert_French. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.

Retirement is all about cash flow. After all, it's your income that will determine your lifestyle in retirement, not your net worth. Jason Parker, Retirement Income Certified Professional, explains what the term "cash flow" means and why it is important for retirees to have a source of income. Should your net worth should be your main focus in retirement planning or your cash flow? Jason stresses that retirees needs to know where their money will be coming from and how to smartly manage it for optimum success. 8 Rules for Successful Investing in the Stock Market Doug lists eight rules he follows for investing in the stock market. If you have plans to put some money in the current stock market, take a look at this list before you investing. To learn more about Jason Parker and his retirement planning advice check out his book, Sound Retirement Planning, or listen to his podcast Sound Retirement Radio. For a limited time, Jason is offering a special discount offer for Goldstein on Gelt listeners: if you visit the Retirement Budget Calculator to get a better grip on your retirement planning. If you use the promotion code "gelt" while setting up your access to the calculator, you'll receive 50% off the normal cost for 30 days. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.