Category: Podcast

Great questions on the podcast this week from Mark, Lynne and Carrie. Mark has questions about how to properly finance the decision to downsize to a smaller house. Lynne is wondering about working with big financial companies vs. independent advisors. And Carrie says an advisor is forcing her and her husband to live on a budget. It’s a requirement for them to work together. She wants to know if that’s normal and if Matt has seen other examples like this where advisors place certain “rules” on the client/advisor relationship.

We’ll answer your questions this week in our mailbag edition of Smart Money Questions. Stella has a question about how international conflicts might impact the markets. Steve needs help figuring out how to pay for his son’s college. Should he stop contributing to retirement for a few years to cover the tuition payments? Aaron has a bunch of smaller 401ks sitting around and wants to know what to do with them. And Lauren asks a great question about picking the right time to meet with an advisor. Do you wait until your 6 months away from retirement? Is 5 years away from retiring too soon to meet with an advisor? Matt will walk us through the answers to all those questions.

If you’re married, then this will come as no surprise. It takes two to complete a successful retirement plan. On this podcast, we’ll look at how husbands and wives have different financial goals and how that creates conflict. We’ll, of course, also explore how to resolve that conflict to establish a solid financial plan.

The quarterback on a football team is often considered to the most important person on the field. But they can’t always get the job done by themselves. Sometimes, they need to hand the ball off or throw it to a teammate to make progress down the field and ultimately score a touchdown. Your financial advisor should serve in a similar capacity. They’re the most important person in your overall planning situation, but they should also know when it’s the right time to bring in other professionals to help put together the best possible plan for you.

Let’s answer your questions about being a good steward of an inheritance, using your home as a retirement plan and how to handle a spousal dispute when it comes to leaving money behind for the kids.

We’ll answer listener questions about paying off a mortgage in the next two years and whether retirement planning is as easy as investing in target date funds. Plus, we’ll see what Matt learned at his recent chocolate-tasting event and Walter will tell us what financial lessons you can learn from his (former) fear of thunderstorms.

You know it’s not a good thing to lie to yourself in any aspect of life. So, let’s “keep it real” and go over some of the common financial lies we tell ourselves and explore why it’s dangerous to approach retirement planning with these mindsets.

Carrie in Florida asks, “What’s going to happen with tax rates in the future? I’ve always assumed they’ll be going up for the rest of my life, but now I’m thinking maybe they’ll go down given recent decisions at the White House. What do you think?” We’ll attempt to answer her question and give you some other things to think about when it comes to tax planning and retirement.

Many of the smart money questions that we feature on the show are from our very own listeners. On this episode, Matt will answer some listener questions about longevity planning, handling lump sums, and more.

Let’s look at some recent headlines to see how the news might impact you in the short and long term. We’ll cover news about big box retail struggles, bonuses getting handed out left and right, plus robots! Who doesn’t like talking about robots, right?