The Art of Money with Art McPherson

Every week we discuss the impact of inflation on our daily buying power. Art McPherson discuses the rising cost of goods and if this is something we should just get used to and prepare for the affects on our retirement or can we hope for a downturn soon. Plus, we can expect to be taxed on our income in retirement, but what about our house, even if it's paid off?

For more information about the McPherson Financial Group or to schedule a consultation, visit www.artofmoneyradio.com

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For the 4th month in a row we saw a rise in inflation, but there may be a silver lining for some retirees with a 5% cost-of-living raise in their Social Security benefits, in January. Art McPherson and Luke McCarty discuss which we should root for, relief from higher prices or a Social Security raise?

For more information on The McPherson Financial Group or to schedule an appointment, visit www.artofmoneyradio.com

See omnystudio.com/listener for privacy information.

You have a 401k offered through work, but do you really understand it? How does a 401k work with an Annuity? Plus, what about your 401k dead accounts? Art McPherson and Luke McCarty offer a 401k refresher with updated information how you can maximize your account. 

For more information on The McPherson Financial Group or to schedule a consultation, visit www.artofmoneyradio.com

See omnystudio.com/listener for privacy information.

Most people think life insurance is only to protect your loved ones if something happens to you. However, could life insurance be a underappreciated retirement tool? Art McPherson discusses the pros and cons for using this towards your retirement plan. Plus, a recent survey found the biggest regrets adults have in retirement and the number one answer is easily fixed. 

For more information on the McPherson Financial Group or to schedule a consultation, visit www.artofmoneyradio.com 

See omnystudio.com/listener for privacy information.

A new survey suggests that over 40% of adults are embarrassed to ask for help or guidance from a financial advisor. Art McPherson discusses the fears some people may have especially when it comes to your 401k's. Plus, what is "shrinkflation" and why is it so shady?

For more information on the McPherson Financial Group or to schedule a consultation, visit www.artofmoneyradio.com

See omnystudio.com/listener for privacy information.

Unfortunately a lot of retirement plans fail to meet the needs of what we require to retire with no stress. Art and Luke discuss the factors that lead to an unsuccessful portfolio and how to avoid it. Plus, if you receive a large inheritance, what's the very first thing you need to do? Hire security? Hide it under your bed? Go to Church? Art breaks down how to handle life changing money without going broke. 

For more information on the McPherson Financial Group or to schedule an consultation, visit www.artofmoneyradio.com 

See omnystudio.com/listener for privacy information.

There is one element of retirement that's easily overlooked and could wipe out your nest egg. Art and Luke offer steps on how to prepare now to save you time and money later. Plus, we know playing the stock market can be lucrative but can also be risky. One rich kid lost more than $50 million of his dad's money while day trading. Art and Luke break down the pros and cons on hot trends. 

For more information on The McPherson Financial Group or to schedule a consultation, visit www.artofmoneyradio.com 

See omnystudio.com/listener for privacy information.

This week Art and Luke discuss why so many people overlook the "free money" that comes with an employer matched 401K. Plus, it's good to have a plan, it's better to have a written plan, it's recommended to show that written plan to an advisor. Art details some of the reasons why a written plan sounds useless, but it's more important than most people think. 

For more information on The McPherson Financial Group or to schedule a consultation visit www.artofmoneyradio.com 

See omnystudio.com/listener for privacy information.

Happy Bobby Bonilla week! In one of the most insane contract negotiations in MLB history, former Mets star Bobby Bonilla has it worked out that he will receive a check for $1 Million Dollars every July for 30 years, despite no longer playing for the Mets (or any team). Art discuss how he can help continue to get you a paycheck in retirement even when you are no longer working (but can't promise $1.2 million).

For more information on The McPherson Financial Group or to schedule a consultation, visit www.artofmoneyradio.com 

See omnystudio.com/listener for privacy information.

Art McPherson had the opportunity to talk with movie (and pop culture) icon Bill Murray! They discuss bad movie scripts, his golf game and the biggest piece financial advice he provides to anyone who asks. 

For more information about The McPherson Financial Group or to schedule a consultation, visit www.artofmoneyradio.com

See omnystudio.com/listener for privacy information.