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Just like technology changes and becomes outdated, so does some retirement planning strategies.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and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-18-five-outdated-financial-strategies 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

What will it take to keep up with your lifestyle and goals in retirement? Income! What are some sources of predictable retirement income and what should you do with it? Let’s explore a topic that everyone feels strongly about.

Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-13-creating-predictable-income-in-retirement 

On today's show: 

1:12 - What retirement incomes do people assume are predictable?

2:43 - Is there really such a thing as “guaranteed income”?

3:45 - What does it look like when you rely too much on the stock market?

4:39 - What do you do with inflation?      

5:39 - How is a reliable income possible to achieve?

Maybe it’s too many months of quarantine, too much cable news or too much social media, but people have a lot of anxiety right now. Mark explains why you should just calm down.

Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-12-everybody-just-calm-down 

On today's show: 

0:46 – Question 1: Money in the bank?

2:36 – Question 2: Money in the market?

3:51 – Question 3: Pay more for a vacation?

5:50 – Question 4: Buy gold?

6:55 – Question 5: Collect social security?

While it’s easier to pretend you won’t have to worry about it, one day you or your spouse will pass away. What happens to your financial plan and assets when it does? 

Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-11-what-happens-with-your-money-after-the-death-of-a-spouse 

Today's show schedule: 

0:46 - What is someone most concerned about financially after losing a spouse?

2:52 - What are the immediate challenges after one spouse passes away?

3:52 - You may have a major reduction in income.

5:47 - What does it look like to be in a bad position after a spouse dies?

7:07 - What’s an example of someone who was left in a good place financially?

Do you understand the ins and outs of these financial terms that have been circulating due to the impact of coronavirus? How might your own financial plan need to shift as a result?

Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-10-financial-vocabulary-to-know-during-coronavirus

Today's show schedule: 

1:05 - What’s the difference between a recession and a depression?

1:56 - What is the VIX?

3:39 - Have you heard of tax loss harvesting?

5:42 - Do index funds help?

6:20 - How often should you rebalance?