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

By Scott SierensBusiness Investing Careers

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

June 02, 2022 Ep 56: Can You Keep Putting These Financial Matters Off?
We're all guilty of procrastinating from time to time. But today we'll share some financial matters you want to be on top of and others you can take your time with. From taxes to debt, find out what you need to know about these money tasks.

What we discuss in this episode:

5:28 – Deferring taxes

11:22 – Debt

14:59 – Estate planning

18:43 – Social Security

22:26 – Building a plan

26:17 – Mailbag: Mom'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
32 min
May 26, 2022 Ep 55: How Should I Prepare for a Possible Recession?
Are we headed into a recession? That's the question that's on a lot of minds. On today's show we're going to make sure a recession doesn't ruin your finances or retirement plans. We'll also welcome retiree and investor Jim Manning to the show so he can ask questions, which are probably the same questions you have.

What we discuss in this episode:

1:21 – Meet Jim Manning

4:55 – Jim's business experience

6:19 – Jim's product was used in space

12:35 – What is a recession?

14:25 – How to prepare

21:25 – Jim's experience with recession

23:52 – Going to cash

29:09 – How long could it last?

36:30 – Adjusting investment strategy

40:28 – Age makes a difference

42:32 – Minimize stress and fear

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
48 min
May 19, 2022 Ep 54: How We Handle Unreasonable Requests
In the retirement planning business, we occasionally get some unreasonable requests. We'll do our best to accommodate everyone's needs, but sometimes they just aren't realistic. On this show, we'll share some of the requests and tell you how to set proper expectations around your retirement planning.

What we discuss in this episode:

4:21 – Bigger returns, no risk

7:50 – Reducing fees

12:20 – Paying taxes

15:26 – Do it for me

18:50 – Mailbag: Reducing risk

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
24 min
May 12, 2022 Ep 53: Lessons We Can Learn From Warren Buffett
What can we learn from billionaire Warren Buffet when it comes to our finances? He shares some key lessons and advice to keep our money on track for long-term financial success.

What we discuss in this episode:

2:26 – Bankrate article

5:21 – Portfolio survival

10:20 – Value, not timing

13:45 – Productive assets

17:06 – Avoid speculation

21:41 – Inflation

Resources:

https://www.bankrate.com/investing/warren-buffett-top-tips-and-lessons-berkshire-hathaway-annual-meeting-2022/#:~:text=Here%20are%20the%20key%20lessons%20for%20investors%20from,Make%20sure%20your%20portfolio%20is%20built%20to%20survive

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
28 min
May 05, 2022 Ep 52: The Most Important Birthdays for Retirement Planning
You might not pay as close attention to your birthdays as you get older, but there are some ages that you need to be paying attention to. On this episode, we're sharing the most important birthdays in retirement planning. We'll take you through some of the key ages, why they are important and what you should be thinking about as you approach retirement.

What we discuss in this episode:

6:47 – Age 50

12:39 – Age 55

17:31 – Age 59.5

20:49 – Age 62

23:52 – Age 65

29:04 – 70.5

30:29 – Age 72

34:30 – Mailbag: Life insurance

36:48 – Mailbag: Husband won't retire

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
42 min
April 28, 2022 Ep 51: Investment Terms You Should Know
There's enough financial jargon being used that even experienced investors get tripped up now and again.
Today we're going to talk about the investment terms you should know, what they mean and why they're important to you and your financial future.

What we discuss in this episode:

1:37 – Financial literacy month

6:32 – Stocks

13:39 – Bonds

17:45 – Asset allocation and diversification

20:11 – Fruit stand analogy

27:05 – ETFs and mutual funds

32:50 – What does this mean to you?

36:45 – Fiduciary

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
39 min
April 21, 2022 Ep 50: Why Values-Based Financial Planning is Essential
Putting together a solid retirement plan isn't just about dollars and cents. We need to determine what really matters to you. Today's show is all about why values-based planning is so important.

What we discuss in this episode:

2:27 – Digging deeper

5:58 – Family

11:20 – Faith

14:39 – Career

19:15 – Education

23:06 – Charity

25:57 – Fun

30:13 – Question about moving 401k

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
34 min
April 14, 2022 Ep 49: Forget Emotions, Stay Invested
Volatility isn't fun. When the stock market is down, it really takes a toll on our emotions. Emotions lead people to do things that could ruin long-term investing results. Today, we're sharing why you should stay invested.

What we discuss in this episode:

3:15 – Market volatility

6:48 – Long-term investors

9:21 – Diversification

19:13 – Emotions

22:13 – Timing the market

25:08 – Always a worry

28:57 – Staying invested

34:47 – Behavior coach

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

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

Resources:

https://www.jpmorgan.com/wealth-management/wealth-partners/insights/the-case-for-always-staying-invested

38 min
April 07, 2022 Ep 48: Murky Issues That Make Retirement Planning Harder
Low-interest rates, the cost of products going up, underfunded Social Security, and market volatility can really create some murky waters and make financial planning pretty difficult. We'll share how to get clarity on your finances on today's show.

What we discuss in this episode:

1:23 – Pets

7:05 – USA Today article

10:56 – Income growth

18:45 – Social Security

26:37 – Withdrawal rates

30:05 – Other murky issues

CNBC - https://www.cnbc.com/2022/03/23/petco-is-inflation-proof-ceo-says.html

USA Today - https://www.usatoday.com/story/money/personalfinance/retirement/2022/02/28/retirement-3-issues-making-planning-harder/49859935/

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

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
37 min
March 31, 2022 Ep 47: Listener Questions - Roth Conversions, IRAs and More
Should you manage your own investments or work with an advisor? When should you do Roth conversions? Does having multiple IRAs make you diversified? These are all great questions we've received from listeners, and we'll answer them on today's show.

What we discuss in this episode:

1:52 – Market Watch article

7:01 – Roth conversions

13:50 – Financial advisors

26:24 – Roth 401k

30:28 – Diversification

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

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