The theme this week on the Retirement Quick Tips Podcast is: Answering Dave Ramsey’s Most Popular Questions

Today, I’m talking about one of the most frequent questions I get asked and a question that Dave Ramsey addresses on his show with nearly 2 million views. It’s no surprise that this one is popular as it’s a very common problem. 

A caller asks: “I have $65k in the bank and I don’t know what to do with it. Is there something better to invest it in rather than sitting in the bank with very little interest?”

Dave’s answer: A mission for every dollar (depends on where you are in the baby steps) - pay off debt, have emergency savings…then invest 15% for retirement…save for kids college…pay off house early…

My answer: Pay off Debt vs. Investing it - it’s not always a clear cut answer. (why - because you might be paying off large debt for 10+ years and that’s a decade lost in saving for retirement) But with extra money in the bank, I would use it to pay off debt first. Then, set aside anything that’s earmarked for a specific upcoming purchase, especially in the next year (big family vacation, new roof, etc)...Then whatever is leftover, don’t let it sit there. It’s a big drag on your money over the long-term if it’s just sitting there, not doing anything for you. 

I really recommend watching this video, because in under 6 minutes, it walks through the entire 7 step baby step process. This video is solid gold…I’ll link to it in the show notes if you want an introduction to Dave Ramsey or you need a refresher. 

Link to video: https://www.youtube.com/watch?v=6DoGbBQ1Eao 

That’s it for today. But before you go, you probably know someone who is close to retirement and could benefit from listening to this podcast. If so, please share this podcast with them and encourage them to check it out by adding it to their flash briefing in Alexa or subscribing wherever they listen to podcasts! 

Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast. 

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>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

Welcome to a new week here on the Retirement Quick Tips podcast. I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $325 million in client assets. I’m a Chartered Retirement Planning Counselor, and I started this podcast because I love helping people just like you gain clarity and make a plan for the retirement you envision. 

The theme this week on the podcast is: Answering Dave Ramsey’s Most Popular Questions

If you don’t know Dave Ramsey, he is one of the most well-known names in personal finance. He’s best known his radio show and books that help people budget and get out of debt. If you struggle with spending, budgeting, or if you’re hopelessly deep in debt and need help climbing your way out of the hole, Dave’s roadmap of the 7 baby steps is where I would send you. 

I don’t always agree with his advice, but I really like how he makes personal finance questions and topics so engaging and fun. His tell-it-like-it-is style is refreshing and fun, so I took some of his most popular questions from YouTube and will provide my own spin on his answers in each episode this week. 

Each of these Questions and answers generated well over 1 million views each on YouTube, and I tried to pick the topics that would be most interesting to those of you approaching retirement. We’ll cover topics like the “Number One Indicator Of People Who Retire Wealthy” and the “Secret Millionaires Don’t Tell You”

I hope what I have to share with you this week will help you make smart and thoughtful decisions with your retirement. And while I am careful to not lead you astray, personal finance is not an exact science. There is no one-size-fits-all solution for everyone, so I encourage you to disregard anything I say that may not be helpful for you, and to consult your own financial, tax, and legal advisors regarding your own individual situation. 

That’s it for today. Come on back tomorrow where I’ll talk about What To Do With Extra Money In The Bank

Thanks for listening! My name is Ashley Micciche...and this is the Retirement Quick Tips podcast.

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

It’s Sunday, which means...it’s recap time here on the Retirement Quick Tips Podcast

This week on the podcast, I sat down for an interview with Senior Portfolio Manager and co-founder at Washington Crossing Advisors, Kevin Caron. He’s a frequent speaker on markets and economic issues and comments regularly for media outlets like CNBC, PBS, Fox Business, Bloomberg, The Wall Street Journal, Reuters, Forbes, CBS Radio, and Dow Jones. 

He had some interesting insights to share with me on inflation...

• Why the massive increase in the supply of money is driving inflation more than the supply chain bottlenecks you hear about in the news
• Whether or not inflation will last
• How Kevin’s perspective on inflation being transitory has changed over the course of this year
• Why politicians are drunk on using inflated dollars to pay for spending programs
• And investments that work and investments to stay away from if higher inflation becomes entrenched
• We also talk about minivans and why he hasn’t replaced his fence that’s currently in disrepair

Here’s the bottom line: Inflation goes a little bit deeper than what you hear on the news about Covid-driven supply chain bottlenecks. We can also look at history as a guide to help shed some light on how sticky (or not) inflation will be this time around. I think the current trends are worth paying attention to, and prudent investors would be wise to pay attention to the uptick in inflation and position their portfolios accordingly. 

I don’t think we’ll have runaway inflation and resort to wallpapering our walls with dollar bills anytime soon due to the collapse in the value of a dollar, but we shouldn’t ignore the possibility of elevated inflation, especially if you’re trying to prepare for retirement. 

Tomorrow, come on back, because we’re starting a brand new theme: Answering Dave Ramsey’s Most Popular Questions.

You’re likely familiar with who Dave Ramsey is, especially if you’re listening to this podcast. He’s a popular personal finance personality with his own radio show, and is most famous for his get-out-of-debt baby step system, and his book, The Total Money Makeover. 

So I decided to troll YouTube, find his most popular Q&As and provide my own answers to his listener questions. I don’t always agree with Dave Ramsey and the advice he provides to people who call in to his show, but I respect him and his message - he is responsible for helping countless people get out of debt and have better control over their saving and spending decisions...and I’m looking forward to answering his listener questions next week. 

Thank you so much for listening this week! If this podcast is valuable for you (and hopefully it is otherwise you wouldn’t be listening), please share the show with a friend or co-worker who is getting close to retirement. Just go to your favorite podcasting app, hit the share icon, then text or email the show link to a friend and say, “I love this podcast and thought you might enjoy a listen.”

Thanks for sharing the love and spreading the word. My name is Ashley Micciche, and I hope you have a blessed Sunday.

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

This week on the Retirement Quick Tips Podcast, I’m bringing you segments of an interview I did with Kevin Caron, Senior Portfolio Manager and co-founder at Washington Crossing Advisors. In this interview, he and I talked about Inflation & why money supply is the real cause of 2021 inflation. 

Here is today’s interview segment with Kevin Caron...

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

This week on the Retirement Quick Tips Podcast, I’m bringing you segments of an interview I did with Kevin Caron, Senior Portfolio Manager and co-founder at Washington Crossing Advisors. In this interview, he and I talked about Inflation & why money supply is the real cause of 2021 inflation. 

Here is today’s interview segment with Kevin Caron...

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

This week on the Retirement Quick Tips Podcast, I’m bringing you segments of an interview I did with Kevin Caron, Senior Portfolio Manager and co-founder at Washington Crossing Advisors. In this interview, he and I talked about Inflation & why money supply is the real cause of 2021 inflation. 

Here is today’s interview segment with Kevin Caron...

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

This week on the Retirement Quick Tips Podcast, I’m bringing you segments of an interview I did with Kevin Caron, Senior Portfolio Manager and co-founder at Washington Crossing Advisors. In this interview, he and I talked about Inflation & why money supply is the real cause of 2021 inflation. 

Here is today’s interview segment with Kevin Caron...

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

This week on the Retirement Quick Tips Podcast, I’m bringing you segments of an interview I did with Kevin Caron, Senior Portfolio Manager and co-founder at Washington Crossing Advisors. In this interview, he and I talked about Inflation & why money supply is the real cause of 2021 inflation. 

Here is today’s interview segment with Kevin Caron...

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

Welcome to a new week here on the Retirement Quick Tips podcast. I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $325 million in client assets. I’m a Chartered Retirement Planning Counselor, and I started this podcast because I love helping people just like you gain clarity and make a plan for the retirement you envision. 

The theme this week on the podcast is: Money Supply: The Real Cause of 2021 Inflation

I sat down for an interview with Senior Portfolio Manager and co-founder at Washington Crossing Advisors, Kevin Caron. He’s a frequent speaker on markets and economy-related issues and comments regularly for media outlets like CNBC, PBS, Fox Business, Bloomberg, The Wall Street Journal, Reuters, Forbes, CBS Radio, and Dow Jones. He had some interesting insights to share with me on inflation, so in each episode this week, I’m breaking down the interview into bite sized segments to conform with the format of the podcast. 

So this week on the podcast, Kevin & I explore

• Why the massive increase in the supply of money is driving inflation more than the supply chain bottlenecks you hear about in the news
• Whether or not inflation will last
• How Kevin’s perspective on inflation being transitory has changed over the course of this year
• Why politicians are drunk on using inflated dollars to pay for spending programs
• And investments that work and investments to stay away from if higher inflation becomes entrenched
• We also talk about minivans and why he hasn’t replaced his fence that’s currently in disrepair

If you want to watch the video interview with Kevin Caron its entirety, you can find it on my YouTube channel - True North Retirement.

I hope what I have to share with you this week will help you make smart and thoughtful decisions with your retirement. And while I am careful to not lead you astray, personal finance is not an exact science. There is no one-size-fits-all solution for everyone, so I encourage you to disregard anything I say that may not be helpful for you, and to consult your own financial, tax, and legal advisors regarding your own individual situation. 

That’s it for today. Come on back tomorrow where I’m diving into the interview with Kevin. 

Thanks for listening! My name is Ashley Micciche...and this is the Retirement Quick Tips podcast.

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

It’s Sunday, which means...it’s recap time here on the Retirement Quick Tips Podcast

This week the theme was: What Higher Interest Rates Mean For Your Bond Portfolio

In case you missed any episodes, here’s what we covered this week:

• Why Higher Interest Rates Are Actually Good For Bond Investors 
• Don’t Abandon Bonds! Here’s Why You Need Them In Retirement
• Rising Interest Rate Investing Strategies: Short-Term Corporate Bonds 
• Rising Interest Rate Investing Strategies: The Bond Ladder
• Rising Interest Rate Investing Strategies: Inflation-Protection Bonds

Here’s the bottom line: Don’t throw out the baby with the bathwater and abandon your bond portfolio. Bonds still deserve a meaningful place in your investment strategy for retirement, but it’s important to understand how interest rates impact bonds and how you should be positioning your bond portfolio to take advantage of it. 

Tomorrow, come on back, because we’re starting a brand new theme: Why Excess Money Supply Is The Real Inflation Culprit. 

I sat down for an interview with Senior Portfolio Manager and co-founder at Washington Crossing Advisors, Kevin Caron. He’s a frequent speaker on markets and economy-related issues and comments regularly for media outlets like CNBC, PBS, Fox Business, Bloomberg, The Wall Street Journal, Reuters, Forbes, CBS Radio, and Dow Jones. He had some interesting insights to share with me on inflation - what’s driving it, whether elevated inflation is more transient or here to stay, and what investors can do about it. 

I really enjoyed my interview with Kevin, and I’m really looking forward to sharing the interview with you next week. 

Thank you so much for listening this week! If this podcast is valuable for you (and hopefully it is otherwise you wouldn’t be listening), please share the show with a friend or co-worker who is getting close to retirement. Just go to your favorite podcasting app, hit the share icon, then text or email the show link to a friend and say, “I love this podcast and thought you might enjoy a listen.”

Thanks for sharing the love and spreading the word. My name is Ashley Micciche, this is the Retirement Quick Tips Podcast and lastly, I hope you have a blessed Sunday.

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance