Our 2 Cents

By Our2centspodcastBusiness Investing

Our 2 Cents episodes

June 14, 2019 Episode 017: Last Minute Gifts for Father's Day, How to pay for Long Term Care and The Robots are Back!
Our 2 Cents – Episode #017Last Minute Gifts for Father’s Day, How to pay for Long Term Care and The Robots are Back! On today’s show with Gabriel, Steve and Trent, they talk about who some last-minute gifts for the Dad’s out there. Letting your Dad win in the 18 rounds of golf just might be worth the drive… All pun intended! We then shift gears and discuss the elephant in the room that no one wants to talk about… long term care. Did you know that 52% of people over the age of 65 will need long term care? That’ something to think about. At the end of the show we wrap it up with the new and cool way to get around Chicago. This Saturday the scooters are coming! Tune in now to hear all the excitement!
Here’s what was covered in this episode: 11 last-minute Father’s Day gifts 2019 (Today)https://www.today.com/style/father-s-day-gift-guide-t97926
A new way to pay for the single biggest expense in retirement (Marketwatch)https://www.marketwatch.com/story/long-term-care-insurance-has-a-shaky-future-here-are-new-ways-to-tackle-the-high-cost-of-aging-2019-05-22
How robots and your smart fridge can keep you out of a nursing home (Marketwatch)https://www.marketwatch.com/story/this-new-tech-can-turn-any-home-into-a-retirement-home-2019-05-21
9 Popular Weight Loss Diets (Healthline)https://www.healthline.com/nutrition/9-weight-loss-diets-reviewed
Alderman introduce plan to hike Chicago’s minimum wage to $15 in 2021 (Chicago Tribune)https://www.chicagotribune.com/politics/ct-met-15-minimum-wage-20190612-story.html
Electric shared scooters arrive in Chicago on Satruday: Here’s what you need to know (Chicago Tribune)https://www.chicagotribune.com/news/breaking/ct-biz-cb-scooters-are-coming-20190611-story.html
28 min
June 06, 2019 Episode 16: A Retirement Reform Bill, #CancelMyDebt and a New Change for the Chicago Cubs
Join Gabriel, Steve and Trent on this week’s podcast where they discuss an important retirement reform bill called the SECURE Act and the ways in which the new bill could affect your retirement savings and contributions.
We then take some time to talk about debt, and the types of debt that truly impact many of our everyday lives. From student loan and credit card debt and Elizabeth Warren’s plan to #CancelMyDebt, to ways to get credit card perks and reward without applying for a new card, we’ll cover it all.
We shift focus to Social Security where we share our thoughts on whether or not it will be around in the future, and what all that fine print in your statement actually means.
We wrap up this episode with some interesting new updates coming soon to the way you will be able to watch Chicago Cubs games! Don’t miss out! Listen now!
32 min
May 23, 2019 Episode 015: Debating Suze Orman, Reverse Mortgage Highlights and Side Hustles for Extra Cash
Our 2 Cents – Episode #015Debating Suze Orman, Reverse Mortgage Highlights and Side Hustles for Extra CashWhen listening to the big celebrity money experts, do they really have your personal goals and interest in mind? On Suze Orman’s own money “no-no list”, Number 6 is: Don’t put blind faith in a financial adviser. If you listen to everything she says, then you’re not listening to her advice. After agreeing to disagree with celebrity money experts, we focus on re-building a sound financial foundation; What is a reverse mortgage, how do they work and is it right for you. And if you need a little boost to your income for some extra spending money, we converse about the 26 ways you can start earning cash today!
Here’s what was covered in this episode:
Suze Orman Says These are the Biggest No-No’s (Yahoo Finance)https://finance.yahoo.com/news/suze-orman-says-biggest-money-142928266.html
What is a Reverse Mortgage? (Retirement Living)https://www.retirementliving.com/what-is-a-reverse-mortgage
26 Legit Ways to Make Money (Nerdwallet)https://www.nerdwallet.com/blog/finance/how-to-make-money-at-home-and-online/
Aretha Franklin left 3 handwritten wills, but will they hold up in court? (Fox Business)https://www.foxbusiness.com/features/aretha-franklin-will-legal-court
Ford’s Delivery Robot Walks Like a Human (CNN)https://www.cnn.com/2019/05/22/tech/ford-delivery-robot/index.html
30 min
May 15, 2019 Episode 014: Trump's Trade War, Buying a Timeshare and America's Biggest Money Wasters
The trade war between President Trump and China’s President, Xi Jinping is waging even more now. After Beijing increased tariffs on $60 billion of U.S. goods, President Trump is ready for a sit down. Do you think they will come to terms?

After that heavy debate, we discuss whether it’s worth it to buy a timeshare. Can the pros outweigh the cons? The maintenance alone could be the caveat to your decision.

Speaking of spending money…. Do you know what the biggest money wasters are for the average American? If you said tattoos and shoes, you might be on to something!

Here’s what was covered in this episode:

Quick Trump Tariff War Updates
(Morningstar)

So, Should I Purchase That Timeshare?
(SGL Financial)

Listener Q&A - Joe from Mt. Prospect - Should my Trust be the Beneficiary of my IRA?
(Joe, Mount Prospect)

Retirement money Wasters
(Marketwatch)

What Does it Take to be a Millionaire
(Yahoo Finance)

Best Companies for Employees
(Yahoo Finance)

36 min
May 09, 2019 Episode 013: America's Strongest Workforce, Managing Your RMD's, G.O.T. Spoiler Alert and the Costs for Medicare
America’s Strongest Workforce, Managing Your RMDs, G.O.T. Spoiler Alert and the Costs for Medicare
Baby boomers are still America’s strongest workforce today. What’s in store for the rest of us once that generation is retired?
After that segment, we take a closer look at Required Minimum Distributions and the options you may have lurking behind your door. Should you convert to Roth? Should you reinvest? Or should you take the money and run like Starbucks did from G.O.T.’s last episode?
Lastly, we discuss the various options that Medicare has to offer and how much it really costs… Oops, did you think it was free?
Here’s what was covered in this episode:

Elderly Workforce Has Doubled Since 1985
(Yahoo)

The Key Essentials of RMDs
(Yahoo Finance)

Starbucks Gets $2.3 Billion in free Advertising for Game of Thrones mishap
(CNBC

What You Need to Know About Medicare
(CNBC

Walmart Doubling Down on Robot Janitors
(CNN)

32 min
April 30, 2019 Episode 012: Warren Buffets One Sentence Advice, Pritzker's Toilets & Taxes and Retiring Without Borders!
Warren Buffets One Sentence Advice, Pritzker’s Toilets & Taxes and Retiring Without Borders
Our 2 Cents – Episode #012Warren Buffets One Sentence Advice, Pritzker’s Toilets & Taxes and Retiring Without Borders!
On this week’s podcast, we discuss Warren Buffett’s latest advice; “…Never listen to people like me…” and why time spent in the market is more important than trying to time the market.
Governor Pritzker is currently under federal investigation for property tax fraud at his personal mansion in the Gold Coast…that didn’t take long, Illinois!
We also discuss some of the most exotic and best weather spots to retire all around the world and whether it’s really worth the move. Tune In Now!
Here’s what was covered in this episode:
Is the Worst Over yet for Apple & iPhone? (CNN)Warren Buffets 1-Sentence Advice for Investing (Yahoo Finance)Should you invest in Real Estate in Retirement? (CNN)JB Pritzker Accused of Property Tax Appeals Fraud (WBEZ 91.5 Chicago)The Countries With the Best Weather For Retiring Internationally (CNBC)
Tune in now to join us for this discussion!

34 min
April 24, 2019Episode 011: Potential Savings by Filing this Appeal, Chicago Popcorn Drama & More!
We are back this week to touch on some important and exciting topics! We start by talking about ways to appeal – and potentially even save thousands of dollars on – your property taxes.
Then we dive into some great questions from a few of our listeners, and we'll take a look at some of the hottest summer travel destinations. Have you been to any of these amazing locations?
We also spend some time discussing why you may have gotten a surprise when you got your tax refund this year, and what the future of Social Security looks like, according to a recent report.
Then we wrap up with some news that might be difficult for any Chicagoan to hear – were Garrett Popcorn recipes stolen?
This Week's Highlights:
8 Steps to Appeal Your Property Tax Bill [Kiplinger]
Listener Q&A - Should I Convert My 401(k) to a Roth if I Plan to Retire in 10 Years? [Ken, Arlington Heights]
Listener Q&A - What Should I Do With My Old Annuity from 8 or 9 Years Ago? [Richard, Northbrook]
20 Best Summer Vacations [U.S. News]
Shocked by Your Tax Refund? Next Year Could Be Worse Unless You Act Now [The New York Times]
Social Security Shortfall: Trust Fund to Run Dry in 2035, Trustees Predict [Fox Business]
Garrett Popcorn Alleges Former Employee Stole Secret Recipes [Chicago Tribune]
32 min
April 10, 2019Episode 010: What's the #1 Searched Retirement Question & A Potential Recession Indicator?
Today we take a look at the 10 most Googled retirement terms, including the #1 searched retirement question - can you guess what it is? We also talk about ways to save on travel, especially while we are in the 8th straight week of rising gas prices!
We spend some time discussing what an inverted yield curve actually means and why although it is considered an indicator of a recession, that does not necessarily mean we should expect one soon.
Then we wrap up with some topics that are close to home for many of us, Illinois taxes and Illinois baseball! Join Us on This Episode Now!
The No. 1 Question Americans Ask Most About Retirement [MarketWatch]
Gas Price Climbs to Another Record High for 2019 [MSN Money]
5 Ways to Save on Long Weekend Travel [Yahoo! Finance]
Should We Fear an Inverted Yield Curve? [Allianz Global Investors]
Here's What Happened After Illinois' Income Tax Jumped 67% [Crain's Chicago Business]
Schwarber, Cubs Beat Pirates 10-0 in Wrigley Opener [NBC Chicago]
34 min
April 02, 2019 Episode 009: 10 'Retirement Killers', Powerful Personal Finance Habits and Are Employer Pensions Actually Guaranteed?
We work most of our lives to be able to retire happy and with peace of mind, but there are plenty of reasons those plans can get derailed. On this week's podcast, we review "10 Retirement Killers" you should be on the look out for.
We also discuss some great personal finance tips to keep top-of-mind, we take dive into the Sears life insurance debacle and have a bunch of fun along the way with a listener question and April Trivia! You Don't Want to Miss This Episode!
35 min
March 26, 2019 Episode 008: Looking to Retire Early? Don't Leave This Out of Your Plan! What is Modern Portfolio Theory & The Big Lotto Winner's Question
Retiring early can sound like a dream for many people, but we'll share one major consideration you may be missing in your plan. Also, we'll dive into what Modern Portfolio Theory means and why it should be something you're familiar with. Be sure to get your tickets for the big lotto drawing and let us know if you'd take the lump sum or annual payments!
33 min

About Our 2 Cents

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"Building Wealth for Life" with the team at SGL Financial. Join hosts Gabriel & Steve Lewit for all the latest in financial news, trends, strategies & more!