There are some things in life you can’t predict, but you can try to plan for them. For example, when is the next market crash going to happen? We don’t know, but here’s how you can prepare for this and other things in your financial life.

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

What we discuss in this episode:

3:01 – Market crashes

6:57 – Health care

11:19 – Taxes

13:42 – Life expectancy

On this episode, we’ll breakdown a CNBC article that analyzes a recent Morningstar study. The study found that most of us have at least one money bias, some of us more than one, and that those biases are very possibly costing us money in our checking, savings, investing and retirement accounts. Listen to see if you might be impacted by a specific money bias and for strategies to get it back under control.

Read the CNBC article: https://www.cnbc.com/2022/01/14/98-percent-of-americans-have-at-least-1-money-bias-study.html

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

What we discuss in this episode:

2:45 – Key points of the article

4:14 – Four main biases

8:25 – Low bias, better financial health

10:07 – Solutions and priorities

13:27 – Biases we see

Today’s show is a special edition. We recently held a webinar with other financial advisors to talk about the state of the markets in 2022. We’ll get you up to date on stock market volatility and provide some perspective on the economy.

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

What we discuss in this episode:

3:02 – Quotes

7:37 – Politics vs. policy

13:30 – The economy

15:14 – What drives the stock market

18:20 – Great resignation

21:32 – Inflation

24:28 – Financial markets

26:39 – Crypto currencies

28:58 – Economy is slowing

32:21 – Has inflation peaked?

35:09 – Rising interest and stocks do well

40:11 – Realistic expectations

If retirement is on your mind, then listen up. Today’s show is a 5-part checklist that’ll help measure if you’re in good financial health and set yourself up for retirement success. 

What we discuss in this episode: 

1:53 – Spend less than you make

2:47 – Future tax implications

5:06 – Know your retirement plan

6:54 – Retirement income plan

8:07 – Don’t worry about financial future

10:14 – Bonus sign

Read more: https://listentoscott.com/episodes/

You might not be able to follow through on all 22 of these resolutions, but implement even just a few of these and you’ll be well on your way to a more prosperous financial life in the coming year.

Read more and get additional financial resources here: https://listentoscott.com/podcasts/22-money-resolutions-for-2022/

What we discuss in this episode: 

5:43 – Reducing debt

6:10 – Boost savings

6:39 – Prepare for unexpected

7:23 – Don’t overreact

9:02 – Budget

12:23 – Meet with a financial advisor

14:26 – Check beneficiaries

14:37 – Tough conversations

15:18 – Refinance

15:05 – Audit insurance

15:45 – Organize

16:16 – Check credit

16:40 – Check fees

16:58 – Share knowledge

18:38 – Give back

19:00 – Review tax brackets

19:16 – Roth conversion

19:39 – Update paycheck withholdings

20:15 – Rebalance portfolio

20:28 – Transition to retirement

21:38 – Consolidate accounts

23:00 – Listen to our podcast

Few people can pronounce “fiduciary” correctly, let alone describe it and explain how it impacts their world. It is a really important thing to grasp and be able to explain. So today, we’ll discuss what it means to be a fiduciary and some questions you can ask your financial advisor.

Read more and get additional financial resources here: https://listentoscott.com/podcasts/what-is-a-fiduciary-and-why-do-you-need-one/

What we discuss in this episode: 

1:03 – How to pronounce fiduciary

2:33 – Your best interests

8:30 – How to spot fiduciaries

10:29 – Five questions to ask

As the end of the year quickly approaches, here are some last-minute tax issues you need to get in order before Jan. 1, 2022. Find out how RMDs, charitable contributions, and more could impact your taxes.

Read more and get additional financial resources here: https://listentoscott.com/podcasts/what-to-know-about-end-of-year-taxes/

Check List: Click Here

What we discuss in this episode: 

3:47 – Required minimum distributions

5:01 – New legislation

5:59 – Contributions

6:48 – Tax review

8:17 – Qualified charitable distribution

9:47 – Estate planning, FSA, etc.

Time is undefeated. Nobody outlasts time. One of the big questions that people have, when they seek our advice, is: Will we be OK financially and have money for the rest of our lives? We’ll let you know what steps you must do to get there. 

Read more and get additional financial resources here: https://listentoscott.com/podcasts/time-is-undefeated/

Jesse Itzler YouTube video: https://www.youtube.com/watch?v=jks1fjm3o_I 

What we discuss in this episode: 

1:33 – Time is undefeated

6:10 – Options shrink as you age

9:38 – Can we retire?

13:52 – Build your plan

In today’s world, the news is everywhere. How does this affect our brain and decision-making? Did you know that constantly obeying our ancient drive to focus on the negative can make us miserable?

Read more and get additional financial resources here: https://listentoscott.com/podcasts/your-brain-on-news/

What we discuss in this episode: 

2:10 – Ground News

6:32 – How we got here

9:34 – Here we are

14:38 – Headlines

Overconfidence in your financial life can sometimes lead to destruction. Find out if any of these examples apply to you and why you can’t put too much confidence in any of these planning areas.

Read more and get additional financial resources here: https://listentoscott.com/podcasts/how-overconfidence-can-lead-to-financial-destruction/ 

What we discuss in this episode: 

6:00 – Stock markets

9:05 – Managing your own portfolio

13:24 – A million dollars

14:31 – Rules of thumb

16:23 – Certain products