Recently, we’ve been getting some unique questions about investing in company-sponsored plans, like a 401k, for example. The client wanted to know where else to invest once they max out the 401k. We’ll dive into this question and more on today’s show.

What we discuss in this episode: 

2:23 – Max out 401k

4:53 – Be consistent

5:44 - Match

8:04 – Vested

9:49 – Saving more

11:38 – Health insurance

14:34 – Traditional brokerage

Visit us online: http://smartmoneyquestions.com 

If you decide to scale back your work or keep working during retirement, what kind of employee should you be? We’ll explain the differences between W2 and 1099 workers and how that could affect your finances.

Key Topics on This Episode: 

4:50 – Scaling back workload

6:24 – W2 vs. 1099 worker

9:39 – Contributions

11:38 – Payroll taxes

13:48 – Buying real estate

16:18 – Property management

17:22 – Where to buy

18:50 – Long-term investment

Want to learn more about financial planning? Visit us online ---> http://smartmoneyquestions.com  

Today we’re sharing questions and scenarios we’re hearing in our office, on the phone and on zoom calls with clients. We’ll also share some planning we did for a client four or five years ago and where they are today in retirement.

Key topics on this show:

4:43 – Aggressive 401ks

7:59 – Other options

11:00 – Know where your money is

13:51 – Risk

15:29 – Rate of return

16:27 – COLA

Want to learn more about financial planning? Visit us online ---> http://smartmoneyquestions.com  

It’s hard to believe, we’re already halfway through 2022. Before you know it, it’s going to be Thanksgiving and then the end of the year. Now is a good time to be considering your finances and planning for your taxes.

Key topics on this episode: 

2:42 – Roth conversions

6:13 – Personal changes

8:19 – Review investments

10:11 – Tax diversified

11:09 – Review debt

12:59 – Budget

14:02 – Emergency funds

14:32 – Legal documents

Get additional resources online: http://smartmoneyquestions.com 

The markets have been heading down, but this is one of the most critical times for investors to stay disciplined. Markets will go up and they will drop, and we’ll explain why you have to be prepared to stay the course and find opportunities.

Read more and get additional financial resources here: http://smartmoneyquestions.com 

What we discuss in this episode:

3:35 -  Don’t panic

4:14 – Tax-loss harvesting

5:51 – Tax buckets

8:46 – Roth

12:00 – Your investment mix

Is your 401k invested using target-date funds? If so, you could be getting hit harder during these tough economic times. We’ll explain why. We’re also talking cars in this episode and our thoughts on leasing versus buying a new or used car.

Read more and get additional financial resources here: http://smartmoneyquestions.com 

What we discuss in this episode: 

3:20 – Wall Street Journal

9:38 – Investment options

12:14 – Leasing vs. buying cars

13:32 – Coming to the end of a lease

16:32 – Buying a car

A recent study found that the average American needs to save $1.04 million for a comfortable retirement. That’s one of the many fascinating statistics shared in the study. Join us as we share more of the findings and talk about how most retirees stack up.

See the statistics: https://www.annuity.org/retirement/retirement-statistics/ 

Read more and get additional resources here: http://smartmoneyquestions.com 

Listen for these key topics: 

2:37 – Savings expectations

7:15 – Delaying retirement

9:41 – Increasing savings

10:16 – Social Security

14:07 – Health care

15:26 – Where will you live?

Should you take out a 401k loan to pay off your debt? And does it matter what the kind of debt is? Today we’re going to tackle this common question and more to help you figure out your finances. 

Read more and get additional financial resources here: http://smartmoneyquestions.com 

Listen for these key points: 

2:20 – 401k loans

5:16 – Exhaust other options

10:05 – Selling property

If you’re getting close to retirement, you may be envisioning what that next chapter will look like. A question that always comes up is how much money will you need to make? Some people feel like they should be bringing in more money during retirement, but is that smart? Let’s dive into that discussion on today's episode.

What we discuss on this episode:

2:27 – Bucket list years

5:40 – Where’s the money?

6:57 – After bucket list years

8:39 – Go through the process

9:15 – Medicare

Read more and get additional financial resources here: http://smartmoneyquestions.com 

Today we’re answering a few of your questions about financial planning. Should a dentist sell his building and his business? What should you do with life insurance money? We’ll discuss these topics on the show.   

Read more and get additional financial resources here: http://smartmoneyquestions.com 

What we discuss in this episode: 

3:24 – Renting building

6:29 – Investing cash

9:43 – Life insurance

12:53 – Moving forward