How much do you know about taxes in retirement? It’s an important topic that can make a major difference in your finances.

Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-23-what-to-know-about-taxes-in-retirement 

What we discuss on this episode: 

1:39 – Assuming taxes will be lower

2:52 – Strategies to improve taxes down the road

4:51 – Bad tax mistakes

6:02 – A tax planning strategy that made a difference

Does your financial advisor look at your tax returns? What about the fees in your investments? We’ll explain how your advisor should be helping you.

Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-22-things-your-financial-advisor-should-be-doing-for-you 

What we discuss on this episode:

0:57 – Reviewing tax returns

2:49 – Evaluating fees and costs in investments

4:00 – Discussing and planning retirement income

6:02 – Clarify target and goal for invested dollars

7:32 – Reviewing family goals and legacy plans

On today’s Saving With Silverman podcast, Mark shares some of his favorite and not-so-favorite financial stocking stuffers.

Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-21-would-you-like-these-financial-stocking-stuffers 

What we discuss on this show: 

0:45 – Variable annuity

2:02 – Apple stock

2:43 – High yield bonds

3:30 – Whole life insurance policy

5:08 – S&P 500 Index ETF

5:50 – Indexed annuity

7:40 – Long-term care insurance

On today’s Saving With Silverman podcast, Mark explains how to pick the right financial advisor. Find out why you should invest time in this crucial process.

Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-20-how-to-pick-the-right-financial-advisor 

What we discuss on this show:

1:52 – How to find the right advisor

4:37 - Warning signs

5:53 - When an advisor doesn’t fit you anymore

7:29 – Sticking with the wrong advisor for too long

9:12 - What to look for when choosing an advisor

On average, women outlive men and often have more financial struggles later in life. On today’s show we’ll talk about what challenges women face and how to improve their finances.

Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-19-financial-challenges-for-women 

What we discuss on this show: 

1:15 – How involved are women with retirement planning?

3:50 – Why do so many retired women have financial problems?

4:44 – Challenges faced by widowed women

6:10 – Recommendations for husbands

7:41 – Mark shares personal stories

Just like technology changes and becomes outdated, so does some retirement planning strategies. Let’s look at five financial strategies that have become obsolete.

Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-18-five-outdated-financial-strategies 

What we discuss on this show:

1:21 - The 4% rule

2:04 - The 10/5/3 rule

2:49 - Move money from stocks to bonds as you get older

4:15 - $1 million retirement target

5:14 - You’ll need less money in retirement

As life spans continue to increase, so does the need for more money later in life. Find out how to plan financially for a long life.

Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-17-can-you-afford-to-live-a-long-life 

What we discuss on this show: 

1:48 – Our oldest client

2:50 – Why do we talk about longevity as a risk?

4:22 – Why most people haven’t addressed the issue

5:30 – How to help someone worried about running out of money

6:48 – Our 5-step financial planning process

Are 401K loans a good idea? What about rollovers? How much should I contribute? Get answers to these and other common 401K questions.

Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-16-answers-to-common-401k-questions 

What we discuss on the show: 

0:40 – 401K advice from company reps

1:47 – 401K loans

2:46 – 401K rollovers

3:49 – Target date funds

4:39 – How much should I contribute?

5:54 – Roth vs. Traditional

7:06 – Contact Mark

Let’s talk about tax planning. The subject seems to get ignored by a lot of advisors. We explain why it’s an important conversation to have. 

Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-15-the-importance-of-tax-planning 

What we discuss on the show: 

2:42 – Roth conversions

3:41 – Social security

5:00 - Required minimum distributions

5:57 – National debt

6:59 – Higher taxes are inevitable

7:52 – Get in touch with Mark

Different accounts have different types of tax consequences. We’ll explain the advantages and disadvantages of the accounts and how you use them.

Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-14-what-are-the-tax-consequences-of-different-accounts

What we discuss on this episode: 

0:49 – Tax-deferred accounts

1:53 – Tax-free accounts

2:46 – Taxable accounts

3:42 – CDs

4:21 – Life insurance

5:11 – Meet with Mark