The Financial Philosophers

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In today's episode, Chris and Danny discuss the pros and cons of purchasing a pinball machine. While pinball machines generally fit into the "arcade" category, many circles consider them to be collectible investments. But how good of an "investment" are they? What are the economics behind owning a pinball machine for home use? Is it worth purchasing one? Tune in to this episode to hear some of the ins and outs of owning a pinball machine. 

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Support the Show:
patreon.com/TheFinancialPhilosophers

If you would prefer the video version of this podcast, join us on our YouTube channel over at
https://www.youtube.com/@financialphilosophers

To contact us for Interviews or Business Inquiries, please refer to the About page of our Youtube channel. 

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This podcast is for informational purposes only and should not be considered or regarded as personalized investment or financial advice. All opinions expressed by Chris, Danny, and any guests are solely their own opinion. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided from this program (including any information that may be accessed through this website) is not directed at any individual, investor, or category of individuals or investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.

Send us Fan Mail

In today’s episode, Chris and Danny discuss how single premium immediate annuities (SPIAs) can fit into an overall financial plan. What are SPIAs, how do they work, and what are their potential advantages and drawbacks? Why might someone choose to use one as part of their retirement income strategy?

Chris and Danny also explore the use of cost-of-living adjustment (COLA) benefits with SPIAs. Although COLA options can provide increasing income over time, they are relatively uncommon in practice. Why is that, and is the tradeoff of accepting a lower initial income in exchange for future increases actually worth it?

If you’re willing to put on your nerd hat, this episode takes a deeper look at the math, tradeoffs, and planning considerations behind SPIAs and inflation-adjusted retirement income.

Support the show

Support the Show:
patreon.com/TheFinancialPhilosophers

If you would prefer the video version of this podcast, join us on our YouTube channel over at
https://www.youtube.com/@financialphilosophers

To contact us for Interviews or Business Inquiries, please refer to the About page of our Youtube channel. 

--------------------------------------------------------------------
This podcast is for informational purposes only and should not be considered or regarded as personalized investment or financial advice. All opinions expressed by Chris, Danny, and any guests are solely their own opinion. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided from this program (including any information that may be accessed through this website) is not directed at any individual, investor, or category of individuals or investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.

Send us Fan Mail

In today's episode, Chris and Danny discuss newer options for tapping into your home's equity. These options are known as Home Equity Investments (HEIs) or Home Equity Agreements (HEAs). Rather than taking on debt to access home equity, as one might with a HELOC, homeowners can give a third party a claim on a percentage of their home's value in exchange for cash upfront. While the idea may seem interesting at face value, there is a lot more beneath the surface that you need to understand before considering one of these options. Make sure to listen to this episode before you, or anyone you know, commits to using an HEI or HEA!

Support the show

Support the Show:
patreon.com/TheFinancialPhilosophers

If you would prefer the video version of this podcast, join us on our YouTube channel over at
https://www.youtube.com/@financialphilosophers

To contact us for Interviews or Business Inquiries, please refer to the About page of our Youtube channel. 

--------------------------------------------------------------------
This podcast is for informational purposes only and should not be considered or regarded as personalized investment or financial advice. All opinions expressed by Chris, Danny, and any guests are solely their own opinion. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided from this program (including any information that may be accessed through this website) is not directed at any individual, investor, or category of individuals or investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.

Send us Fan Mail

In today's episode, Chris and Danny discuss why some parents might consider buying life insurance for their children. Protecting a child's future insurability by locking in coverage while they are young can be valuable, but the strategy also comes with opportunity costs. Chris and Danny walk through some of the common scenarios in which purchasing life insurance for a child might make sense, as well as some of the potential drawbacks to consider.

Support the show

Support the Show:
patreon.com/TheFinancialPhilosophers

If you would prefer the video version of this podcast, join us on our YouTube channel over at
https://www.youtube.com/@financialphilosophers

To contact us for Interviews or Business Inquiries, please refer to the About page of our Youtube channel. 

--------------------------------------------------------------------
This podcast is for informational purposes only and should not be considered or regarded as personalized investment or financial advice. All opinions expressed by Chris, Danny, and any guests are solely their own opinion. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided from this program (including any information that may be accessed through this website) is not directed at any individual, investor, or category of individuals or investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.

Send us Fan Mail

In today's episode, Chris and Danny discuss whether making Roth conversions during a market crash is a viable strategy. This approach is sometimes promoted by financial planners, but it's worth exploring further to determine when it actually makes sense. While the strategy may be beneficial in certain situations, there are also important drawbacks to consider. If you contribute to Roth accounts or are considering making Roth conversions, this episode is for you.

Support the show

Support the Show:
patreon.com/TheFinancialPhilosophers

If you would prefer the video version of this podcast, join us on our YouTube channel over at
https://www.youtube.com/@financialphilosophers

To contact us for Interviews or Business Inquiries, please refer to the About page of our Youtube channel. 

--------------------------------------------------------------------
This podcast is for informational purposes only and should not be considered or regarded as personalized investment or financial advice. All opinions expressed by Chris, Danny, and any guests are solely their own opinion. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided from this program (including any information that may be accessed through this website) is not directed at any individual, investor, or category of individuals or investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.

Send us Fan Mail

In today's episode, Chris and Danny discuss liquidity. What is it and why is it important? Is all liquidity created equal? How should we be thinking about liquidity as part of our overall financial picture? This is a topic that is simple in many ways, but also goes deeper than you may think. Don't miss this one!

Support the show

Support the Show:
patreon.com/TheFinancialPhilosophers

If you would prefer the video version of this podcast, join us on our YouTube channel over at
https://www.youtube.com/@financialphilosophers

To contact us for Interviews or Business Inquiries, please refer to the About page of our Youtube channel. 

--------------------------------------------------------------------
This podcast is for informational purposes only and should not be considered or regarded as personalized investment or financial advice. All opinions expressed by Chris, Danny, and any guests are solely their own opinion. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided from this program (including any information that may be accessed through this website) is not directed at any individual, investor, or category of individuals or investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.

Send us Fan Mail

In today's episode, Chris and Danny walk through several common pitfalls related to retirement plan contributions (401k, IRA, etc.), investment selections, and other financial behaviors. There are many misconceptions surrounding retirement plans, account types, and perceived "investment performance." These misunderstandings can often lead to hasty decisions or unnecessary disappointment. 

Additionally, many people do not fully understand what they are actually invested in. Oftentimes, accounts are not properly aligned, which can create differing performance results and lead to confusion. Chris and Danny discuss several of the most common mistakes people make and offer practical guidance on how to prevent or correct them. Be sure the check out this episode!

Support the show

Support the Show:
patreon.com/TheFinancialPhilosophers

If you would prefer the video version of this podcast, join us on our YouTube channel over at
https://www.youtube.com/@financialphilosophers

To contact us for Interviews or Business Inquiries, please refer to the About page of our Youtube channel. 

--------------------------------------------------------------------
This podcast is for informational purposes only and should not be considered or regarded as personalized investment or financial advice. All opinions expressed by Chris, Danny, and any guests are solely their own opinion. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided from this program (including any information that may be accessed through this website) is not directed at any individual, investor, or category of individuals or investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.

Send us Fan Mail

In today’s episode, Chris and Danny revisit the topic of inflation. With rising geopolitical tensions, tariffs, and signs of a potentially slowing economy, inflation is back in focus. They break down how it can impact your finances, what you can do about it, and close with a few thoughtful analogies and perspective-shifting ideas to help you see inflation in a whole new light.

Support the show

Support the Show:
patreon.com/TheFinancialPhilosophers

If you would prefer the video version of this podcast, join us on our YouTube channel over at
https://www.youtube.com/@financialphilosophers

To contact us for Interviews or Business Inquiries, please refer to the About page of our Youtube channel. 

--------------------------------------------------------------------
This podcast is for informational purposes only and should not be considered or regarded as personalized investment or financial advice. All opinions expressed by Chris, Danny, and any guests are solely their own opinion. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided from this program (including any information that may be accessed through this website) is not directed at any individual, investor, or category of individuals or investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.

Send us Fan Mail

In today’s episode, Chris and Danny discuss the exploding popularity of investing in Pokémon cards. While it’s possible to make money buying and selling Pokémon cards, it doesn’t come without risk. They break down what investing in Pokémon cards actually looks like, the major risks involved, how this market differs from traditional asset classes, and what type of person might be best suited to dabble in this highly speculative space. Be sure to check it out!

Support the show

Support the Show:
patreon.com/TheFinancialPhilosophers

If you would prefer the video version of this podcast, join us on our YouTube channel over at
https://www.youtube.com/@financialphilosophers

To contact us for Interviews or Business Inquiries, please refer to the About page of our Youtube channel. 

--------------------------------------------------------------------
This podcast is for informational purposes only and should not be considered or regarded as personalized investment or financial advice. All opinions expressed by Chris, Danny, and any guests are solely their own opinion. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided from this program (including any information that may be accessed through this website) is not directed at any individual, investor, or category of individuals or investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.

Send us Fan Mail

Tax season is upon us! Preparing to file your taxes can be daunting. There’s a lot of information to gather and keep track of, and it’s not always easy to remember everything that happened in your financial life over the past year. Did you sell any assets at a gain? Take on a short-term contract job? Move to a new location? Many events can have tax consequences, even if they’re not immediately obvious.

In today’s episode, Chris and Danny share tips and best practices to help you get started on the right foot this tax season. They also discuss common pitfalls and mistakes that could result in a higher-than-expected tax bill. Be sure to give this episode a listen!

Support the show

Support the Show:
patreon.com/TheFinancialPhilosophers

If you would prefer the video version of this podcast, join us on our YouTube channel over at
https://www.youtube.com/@financialphilosophers

To contact us for Interviews or Business Inquiries, please refer to the About page of our Youtube channel. 

--------------------------------------------------------------------
This podcast is for informational purposes only and should not be considered or regarded as personalized investment or financial advice. All opinions expressed by Chris, Danny, and any guests are solely their own opinion. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided from this program (including any information that may be accessed through this website) is not directed at any individual, investor, or category of individuals or investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.