Retirement Explained Show

On the 16th episode of the Retirement Explained show, we’re getting to know ourselves a little bit better. We’re talking about personality types and investor bias and how knowing yourself can help you better invest and avoid the pitfalls that come inherently with bias. It's nearly impossible to avoid bias because you're emotionally attached to your money, and of course you are.

Money is the storage of time. Your time, your life is literally stored in those numbers that you see when you pull your bank accounts up and it's no joke! One of the reasons that my clients hire me is because I'm emotionally unattached to their money and I can make better decisions with their money than they can. They're trying to read the label from inside the can, so to speak, whereas I'm looking at the label from the outside.

Whether you're a do-it-yourselfer or you work with a financial advisor, like me, I think you're going to enjoy this episode. I discuss tips on how to use your knowledge of your personality and the biases you're more easily susceptible to better make you able to read the label from inside the can. It's all about process. If you have a process and a plan, you can overcome your biases.

If you enjoy this episode, please subscribe and give the show a 5-star review. I depend on listeners like you to share and rate the show so it grows and it's been growing like crazy! I really appreciate your help!

On the 15th episode of the Retirement Explained show, we’re getting to know ourselves a little bit better. We’re talking about personality types and investor bias and how knowing yourself can help you better invest and avoid the pitfalls that come inherently with bias. It's nearly impossible to avoid bias because you're emotionally attached to your money, and of course you are.

Money is the storage of time. Your time, your life is literally stored in those numbers that you see when you pull your bank accounts up and it's no joke! One of the reasons that my clients hire me is because I'm emotionally unattached to their money and I can make better decisions with their money than they can. They're trying to read the label from inside the can, so to speak, whereas I'm looking at the label from the outside.

Whether you're a do-it-yourselfer or you work with a financial advisor, like me, I think you're going to enjoy this episode. I discuss the loss aversion bias, status quo bias, recency and hindsight biases, as well as the confirmation and availability biases. I also discuss tips on how to use your knowledge of your personality and the biases you're more easily susceptible to better make you able to read the label from inside the can. It's all about process. If you have a process and a plan, you can overcome your biases.

If you enjoy this episode, please subscribe and give the show a 5-star review. I depend on listeners like you to share and rate the show so it grows and it's been growing like crazy! I really appreciate your help!

I’m sick of Coronavirus, you’re sick of Coronavirus. So lets talk less about Coronavirus and more about how to make it through this crazy time we find ourselves living in.

Congress recently passed the CARES Act and I want to spend some time talking about how it affects your retirement accounts and how it can help you avoid getting evicted or avoid you being unable to feed your family.

We are in the middle of a market and health crisis right now and it’s things like that that cause markets to crash every ten years or so. It’s thinks like that that give you amazing opportunities to buy quality assets at low prices/valuations. It’s almost impossible to get the timing exactly right when it comes to markets, but you can get Right now is a great time to rebalance your porftolio. It will take some courage to invest money into this market or to rebalance, most people are selling (which is why markets are down), so if you’re not one of those people, congrats to you and consider rebalancing.

In twelth episode of the Retirement Explained Personal Finance Podcast, we discuss the coronavirus pandemic and the four stages of a stock market recovery. The more we understand how a stock market recovery works, the better equipped we are for dealing with it (and it take take months!). It’s important to stay invested during times like these and if you have money to invest/have money to rebalance, it will help to know how recoveries work so you can better time your investing/rebalancing. Remember, you won’t time it perfectly, but get as close as you can. Visit us on www.rasmussenadvisors.com to set up a call with Brian to discuss your personal situation.

In eleventh episode of the Retirement Explained Personal Finance Podcast, we discuss the coronavirus pandemic and the importance of staying invested and what to do if you sold your investments during this downturn. Staying invested is important to achieving your retirement planning goals and we think you’ll enjoy this episode and hopefully you’ll find the content valuable.

In our tenth episode, we discuss the coronavirus pandemic and what in the world was going on last week. We think you’ll enjoy this episode and hopefully you’ll find the content valuable.

Markets will likely continue to be like this for the coming months, so stay tuned for market update episodes like this one throughout.

In our ninth episode, we discuss the 5 steps women can take to improve their retirement readiness. Whether you’re a do-it-yourselfer or you work with a financial advisor, we think you’ll enjoy this episode and hopefully you’ll find the content valuable. Studies show that women are less retirement ready than men and in this episode, we break down some ways that the gals can better prepare for retirement. The less mysterious something is, the easier it is to deal with and when it comes to your investments and your life, this is about as important as it gets! Enjoy!

In our eighth episode, we discuss how the differences and nuances between active investments and passive investments. Whether you’re a do-it-yourselfer or you work with a financial advisor, we think you’ll enjoy this episode and hopefully you’ll find the content valuable. The less mysterious something is, the easier it is to deal with and when it comes to your investments and your life, this is about as important as it gets! Enjoy!

In our seventh episode, we discuss how to deal with market crashes. Whether you’re a do-it-yourselfer or you work with a financial advisor, we think you’ll enjoy this episode and hopefully you’ll find the content valuable. The less mysterious something is, the easier it is to deal with and when it comes to your investments and your life, this is about as important as it gets! Enjoy!