One of the most common questions we get from clients is what should they do with their 401k, specifically the question “What should I do with my 401k when I retire?”. And more often than not the 401k accounts are probably the largest retirement assets a client has. So what I want to do today is answer this question, and probably just as important, answer what NOT to do.
The title of today’s episode is “How to Avoid Financial Advisor Fraud”. And we are going to expand that to include investment managers and hedge fund managers – basically anyone that manages other people’s money. In this episode we are going to detail some of the boxes you want to check with anyone with which you wish to invest, and discuss the red flags to look for, some obvious, some not so obvious, unless you know the business well.
Josh Null and John Luke are here to discuss the silent killer of your money: purchasing power. The purchasing power of your dollars has been going down steadily over the years, what can you do about it? We are here to explain all of the details of why your purchasing power is decreasing and how you can solve the issue.
Our role is to use math, our various financial planning tools and our experience to help clients put all of the pieces of the puzzle together to figure out if they can retire, and if so, what retirement looks like financially. So listeners today Jay and I are going to discuss this very important question that many of you probably have asked: How Do I Know When I Am Financially Ready to Retire?
I want to discuss what is called an “evergreen” topic with Jay Stubbs on our show – Long Term Care. I’ve been getting a lot of questions about long-term care recently, and as Jay is considered an expert in this field, I wanted to spend 15 to 20 minutes with Jay discussing everything a person should know about long-term care insurance and how to financially navigate an extended health care event. Let’s start with this because many listeners have probably never had this type of protection explained in detail to them – Jay, how do you define long term care insurance?
Regular listeners know that I tend to be skeptical of a lot of things related to my own industry, financial services, including a lot financial advertisements and glossy marketing content masquerading as responsible financial advice, as Michelle knows firsthand, I get very, very irritated when I hear someone in my line of work espouse a bunch of info that is nothing more than lies. And in times of market turbulence, this type of misinformation gets shouted from the roof tops. So with that in mind, we’re going to play a little game of “Just Stop It”, kind of like true or false, except, everything Michelle is going to say is false, and I’m going to try to smack some sense into those of you listening that are considering these financial tactics.