Learm how you can protect yourself from one of America's fastest growing crimes – identity theft. Plus, what's it going to cost you to retire? In episode 28 of the YMYW podcast, Joe and Al share three retirement errors that will crush your investment gains. Original publish date May 7, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed.

00:00 - Intro

1:17 - "Identity theft is a real issue; we talk about it a lot on this show, especially when it comes to taxes and people filing fraudulent tax returns"

2:17 - "We focus on consumer education…educating the public on various issues related to identity crime and how to protect themselves"

4:50 - "Limit the amount of personal identifying documents that you carry with you every day"

5:30 - "Regularly monitor your bank statements and you should be checking your credit report several times a year…also shred your mail"

6:32 - "Get yourself off the list for pre-approved offers"

7:18 - "Secure your phone, tablet, your computer and understand all those pieces of hardware have lots of sensitive information about you"

11:28 - Identity Theft Resource Center contact info

21:42 - "If you're married, there are certain marital benefits – first of all, if you file a joint tax return and be in a lower tax bracket. For Social Security, if one spouse passes then you get to keep the higher of the benefits"

32:07 - "There are many mistakes you can make as a retirement investor. I want to focus on three retirement errors investors make all the time"

34:27 - "It's crucial to save for retirement but equally important to enter retirement debt-free"

Social Security changes are now in effect. In episode 27 of the YMYW podcast, Joe Anderson, CFP® and Big Al Clopine, CPA explain the best ways to maximize your benefit despite two major claiming strategies now eliminated. Listeners are also faced with the realities of retirement, as Joe and Al debunk common retirement and Social Security myths. Original publish date May 7, 2016 (hour 1). Note that content may be outdated as rules and regulations have changed.

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00:00 - Intro

06:07 - "The (2016) retirement confidence survey (by Employee Benefits Research Institute) reports that almost half- 47% of workers surveyed – think they'll need to save at least $500,000 for a comfortable retirement"

11:24 - "At certain income levels, your Social Security income is tax-free"

15:44 - "Even if you're currently retired, you have to look at what tax consequences are on the income you are producing"

16:55 - "That's what Social Security is giving you, it's a delayed retirement credit of 8% per year, each year that you delay"

22:48 - "We're living longer so it makes sense to push the retirement age out; that's just pure logic"

27:34 - "We're going to talk about dealing with fear and uncertainty in retirement and here are six ways to deal with it"

Aired: 5/7/2016 10 AM:: Social Security changes are now in effect; hosts explain best ways to maximize your benefit despite two major claiming strategies now eliminated. Listeners are also faced with the realities of retirement, as hosts debunk common retirement & social security myths.

Aired: 5/7/2016 11 AM:: What’s it going to cost you to retire? Hosts share three retirement errors that will crush your investment gains. Plus Identity Theft Resource Center joins the show to share how you can protect yourself from one of America’s fastest growing crimes.

Aired: 4/30/2016 11 AM:: Hosts answer common questions on estate planning, investments and dividends, retirement plans and Social Security benefits. Then they welcome Laura Adams to the show, author of Smart Girl's Moves to Grow Rich. Plus, Prince didn't leave an estate plan -- how not having a plan can hurt your heirs.

Aired: 4/30/2016 10 AM:: Baby boomers misconceptions about Social Security could be leaving money on the table. More and more boomers aren't planning on having any money to leave to their heirs. Plus, what effect the presidential election could have on the stock market. through retirement. Plus, the best kept secret of Social Security is about to disappear! Find out how you'll be affected by this big change.

Aired: 4/30/2016 11 AM:: Hosts answer common questions on estate planning, investments and dividends, retirement plans and Social Security benefits. Then they welcome Laura Adams to the show, author of Smart Girl's Moves to Grow Rich. Plus, Prince didn't leave an estate plan -- how not having a plan can hurt your heirs.

Aired: 4/30/2016 10 AM:: Baby boomers misconceptions about Social Security could be leaving money on the table. More and more boomers aren't planning on having any money to leave to their heirs. Plus, what effect the presidential election could have on the stock market.
through retirement. Plus, the best kept secret of Social Security is about to disappear! Find out how you'll be affected by this big change.

Financial professional Larry Swedroe joins the show to talk about the best ways to invest in the stock market in episode 24 of the YMYW podcast. He compares passive and active investing, explaining which approach is best for pre-retirees and retirees. Original publish date April 23, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed.

00:00 - Intro

01:27 “If you’re at all interested to figure out what’s going on in the overall markets, we’ll get a recap of the first quarter, we can talk about active management versus passive management and we’ll talk about different ways to construct your overall portfolio”

05:41 “When it comes to finance you have to look at the longest time period available because you can manipulate the data a little bit if you pick and choose what time frames you’re measuring performance on”

07:24 Start of Interview with Larry Swedroe

08:23 “Let’s go over real quickly this active versus passive debate”

08:46 “He [Eugene Fama, Nobel Prize winner] defines ‘active’ as those who are engaged in individual stock selection and/or market timing”

11:24 “Any decision to own any asset allocation that’s different from the market is an active decision in terms of your strategy”

14:19 “You have to be prepared to accept long periods and stay the course”

15:48 “The market is getting smarter and it’s getting harder to outperform the market itself”

16:21 “Because the market and investors are getting more intelligent, do you think these risk premiums would ever go away?

21:52 “Ignore the ups and downs of the market, and if anything be a rebalancer which means you’re going to buy when everyone else is panic selling”

26:34 “People’s focus on dividends is a purely psychological one”

30:41 End of Interview with Larry Swedroe

31:28 “When you take a look at the markets, there’s a lot of noise and there’s a lot of information out there…you have to find the academic studies first and foremost to figure out exactly what makes sense, versus [turning towards] opinions and forecasts”

35:05 “One of the biggest things you want to look at in retirement is very low volatility in the overall portfolio”

Aired: 4/23/2016 10 AM:: Hosts discuss how to build wealth AND success to get you through retirement. Plus, the best kept secret of Social Security is about to disappear! Find out how you'll be affected by this big change.