Summary: In 1977, Warren Buffet\’s son, Peter, received an inheritance of $90,000. Had he kept that in Berkshire stock it would be worth about $200 million today! However, Peter Buffett did not keep in in stock. Instead, he spent it on learning how to be a musician and composer. He now is an award winning […]
Money Worth More Than Time? Read More »
Summary: Free is a good thing right? Well, as the old saying goes, nothing in life is free. Or is it? Many things are offered for free, but they really do come with a cost. We were inspired by the man who drove to 11 Wendy\’s fast food restaurants to get free chicken nuggets. When
When “Free” Isn’t Free Read More »
Summary: The economic relief bill passed in March of 2020 has increased unemployment benefits by an extra $600 per week. This is has created a situation where many people are making more money unemployed than they would fully employed. Some Pros: Provides most benefit as a percentage to low income earners Gives those in financial
Make More Money Staying Unemployed? Read More »
Summary: Should retirees have received a stimulus check? Is is going to hurt them in the long run? In this show we talk about the good and the bad of the recent government stimulus. We touch on deflation and inflation and, most importantly, the debt our country has undertaken to save our economy. Watch Video
Why The Stimulus Is Bad For Retirees Read More »
Summary: Target Date Funds are quite popular within 401ks. The purpose and strategy of these funds makes a lot of sense. However, for people that are close to retirement, these Target Date Funds may be missing the mark. In this show we discuss how these funds may not be designed for those within 10 years,
Target Date Funds Fail Retirees Read More »
Summary: The Coronavirus Aid, Relief, & Economic Security Act (CARES) has some parts that impact our retirement system. In this show we discuss the main implications including changes to RMDs, early withdrawal penalties from IRAs and 401ks, and how taxes are deferred from retirement withdrawals.The big question we answer – is there a way to
CARES Act Retirement Strategies Read More »
Summary: Retiring can be a wonderfully exciting time in your life. It can also be difficult and stressful, especially if you retire during an economic crash or a global pandemic. In this show, we will talk about retiring during turmoil. We\’ll discuss the challenges and strategies of pulling the retirement trigger when the stock market
Retiring During A Bear Market or Economic Downturn Read More »
Summary: A big part of estate planning is taking care of others when you pass away. In this show we talk specifically about different scenarios and issues that may arise when it comes to beneficiaries. Perhaps you are leaving assets to minor children. Maybe you have some restrictions you\’d like to establish for adult beneficiaries,
Leaving Assets To Children & Other Beneficiary Mistakes Read More »
Summary: Men\’s Health recently released a series of videos around a \”men\’s wealth\” theme. In these videos, they interview celebrities about their financial troubles, advice, and lessons learned through their life. These celebrities range from NBA players like Dwayne Wade, to rappers and even K-pop stars. In today\’s show, we will discuss some of the
Financial Advice From Celebrities Read More »
Summary: Is saving for retirement a waste of resources? Does it make more financial sense to spend your money on living while you are young and healthy? This might sound strange, but if you run the numbers, for some people this \”no-savings retirement\” strategy might be smart. Watch Video Version: Podcast Transcript Daniel Wendol 0:00
Saving For Retirement Is A Waste Read More »
