The Retirement Show: Your Life, Your Money with Scott Sierens

Everyone feels great about their investments when the market is growing and remaining strong, but how do you feel when things start to get choppy? Those fluctuations in the market can identify the people that aren't truly comfortable with their portfolio risk because fear could push them to sell quickly.

Here are some of the important things you'll learn on this episode:

• Why people typically have more risk in their portfolio than they are truly comfortable with. (4:31)
• Ways to assess how much risk you have in your portfolio (7:28)
• The different investment strategies that we utilize with clients to help reduce portfolio risk but not eliminate opportunities for growth. (10:41)
• The ways that we work with clients and help them identify their risk tolerance and align that with their investments. (14:52)
• Is this a great time to load up on stocks? (16:24)

If you want to take advantage of the download we've put together to share some tax strategies, visit this link.

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

Are savings bonds making a comeback? This conservative investment option has found new life this year thanks to an interest rate that's approaching 10%. Should you be moving money into these government-issued iBonds as soon as possible? We'll give you all the details on these bonds and make sure you're aware of all of the fine print.

What we discuss in this episode:

0:50 – Summer travels

4:58 – People talking about iBonds

6:25 – Are the high rates legit?

8:27 – Is there a catch?

11:51 – What to be aware of

15:44 – Is this tax-free money?

17:16 – How does it fit into planning?

19:44 – Mailbag question on interest rates and saving

23:14 – Mailbag question on planning on your own

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

What does the transition into retirement look like? On today's episode, Jim Manning will share his retirement story and the lessons he's learned along the way.

What we discuss in this episode:

5:08 – What were you doing prior to retirement?

8:31 – Were you working a lot?

9:24 – What age did you retire?

10:39 – Any other factors that made you retire?

11:34 – Spending time with the family

13:12 – Are you have with retiring at 67?

13:59 – Did you wish you started your plan earlier?

14:48 – Did you go fully into retirement all at once?

17:37 – Spending time with his father

18:54 – What was it like emotionally to retire?

19:58 – Advice for those transitioning out of work

21:01 – The feelings you felt after you were retired

22:01 – Was spending time with your father helpful?

22:44 – What has retirement looked like so far?

25:19 – Do you travel a lot to see your grandson?

26:00 – How do you manage your hobbies?

27:12 – Where do you like to go fishing?

28:38 – How were you going to fill the rest of your time?

29:48 – Helping other people

31:03 – How did you fill your social life?

32:40 – Did that help fill the working gap?

34:12 – What have you enjoyed most about retirement?

35:29 – Do you like routine in retirement?

36:37 – Keeping routine and balance

38:17 – Make some plans in retirement!

39:10 – Any other useful advice or tips you want to share?

42:16 - Is there anything else you would change about retirement?

44:15 – Being really adaptive to change

46:44 – Thank you for being on the show, Jim!

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

There's no better time than the present to remind ourselves of some good investing fundamentals and themes that we see in the market. Right now, your emotions might be high due to the market being down, but we'll explain how to handle the rollercoaster ride.

Today we're sharing 10 market tips from Bob Farrell, who spent decades as the head of research at Merrill Lynch, establishing himself as one of the leading market analysts on Wall Street.

What we discuss in this episode:

2:43 – Who is Bob Farrell

5:05 – Return to mean

9:52 – Excess

11:40 – Never permanent

12:26 – Corrections

13:15 – Public buying

16:20 – Fear and greed

19:26 – Strong and weak

20:44 – Three stages

21:59 – Experts and forecasts

23:09 – Bull markets

23:38 – Recap

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

Most people realize that it's usually best to have an estate-planning attorney helping them with their estate plan, but it's also important for the financial advisor to be part of that conversation. On this episode, we'll explore the role an advisor plays in the estate and legacy planning process and uncover some of the basic mistakes people often make when trying to sort all this out on their own.

What we discuss in this episode:

1:00 – Importance of legacy planning

3:37 – Money for kids

10:27 – Advisors' role in planning

12:53 – How people view legacy

15:00 – College education

17:38 – Gifting

21:20 – Taxes

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

On this episode, we'll pick sides of some important financial debates. From paying off your mortgage early to life insurance and more, we'll share our opinions on these hot financial topics.

What we discuss in this episode:

3:12 – Mortgage

6:18 – Life insurance

10:24 – Taxes

14:38 – Mutual funds

16:51 – Social Security

20:38 – Mailbag: Unused vacation and sick leave

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

If current conditions of the stock market being down and your retirement investment accounts falling in value have you concerned, worried or even scared about your future, you're not alone. Today's episode is just for you.

What we discuss in this episode:

3:48 – Stock market down

4:58 – Emotions

5:58 – Perspective

10:00 – Bear market

12:50 – Different advice

17:30 – Rainy day fund

20:30 – Home equity line of credit

21:53 – Meet with a financial planner

26:11 – Opportunities in this market

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

Can you still retire in a down market? With the stock market down and inflation up, that question is on a lot of minds. We're going to talk about the factors involved in making this decision and how we help people like you determine the answer to this question.

What we discuss in this episode:

3:10 – Business Insider article

6:00 – CNBC and USA Today articles

13:14 – Income gap

18:31 – Extra money

23:25 – Structuring withdrawals

26:24 – Delaying Social Security

29:14 – Recap

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

What we discuss in this episode:

2:08 – Article: Planning to retire early

5:42 – Not old enough for Medicare

10:55 – Helping kids early

19:14 – Different IRAs

25:59 – Nursing home care

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

Are you nervous about shifting from saving money to spending it in retirement? If so, you're not alone. Today we're sharing five things you need to know about decumulation, or the spending phase of your life.

What we discuss in this episode:

1:58 – Good review on podcast

4:44 – Lack of support

9:18 – Fear of spending

13:45 – Risks become more numerous

17:26 – Taxes consequences

20:42 – Leverage lifetime income

23:06 – Mailbag: What to do with aunt's house?

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ