The Retirement Trainer podcast

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Vor drei Jahren hinzugefügt

Inhalt bereitgestellt von chris@egsifinancial.com (EGSI Financial) and EGSI Financial. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von chris@egsifinancial.com (EGSI Financial) and EGSI Financial oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.

Silver Linings with The Old Gays

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Our Chosen Family: "The gay community is much bolder today." 33:19

vor 20 Tagen33:19

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33:19

What’s the secret to lasting friendships? How does queer community show up through the ebbs and flows of life? And what’s the REAL story behind the “YMCA” song? In the first episode of Silver Linings, The Old Gays dive into an essential part of queer life: chosen family. They discuss the vital love, support, and sense of belonging that community provides, especially during life's toughest moments. They open up about what “queer” means to them, how chosen family has impacted their lives, and how to maintain close bonds over time–including their love for each other! “We’ve come a long way, baby.” Family isn’t just what you’re born with; it’s the people who show up, shape you, and stick around. See omnystudio.com/listener for privacy information.…

The Retirement Trainer

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The Retirement Trainer with Ed Siddell: A podcast about helping you find ways to become financially fit for your future, no matter what kind of shape you’re in now.

100 Episoden

#Trading #Business #Financialadvisor #Investmentservices #Retirementplanning #EGSI Financial #Podcasting Education

The Retirement Trainer

updated vor 14 Tagen

Serie-Home•Feed

The Retirement Trainer with Ed Siddell: A podcast about helping you find ways to become financially fit for your future, no matter what kind of shape you’re in now.

100 Episoden

#Trading #Business #Financialadvisor #Investmentservices #Retirementplanning #EGSI Financial #Podcasting Education

Alle Folgen

The Retirement Trainer

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107: Exploring America’s Health Crisis, the MAHA Movement and Restoring Transparency & Trust with Dr. Ben Carson 39:25

vor 14 Tagen39:25

39:25

In a world where chronic illness is skyrocketing and faith in the healthcare system is fading, Americans are searching for ways to improve their physical and mental health without sacrificing their financial freedom. In today's episode, Dr. Ben Carson returns to the podcast to discuss some of the most pressing health and policy issues facing the country today, from the overuse of medications to the role of personal responsibility in overall health & wellness. Dr. Carson is the former U.S. Secretary of Housing and Urban Development and a renowned neurosurgeon. We're thrilled to have him share his insights and expertise on America's health crisis, the dangers of ultra-processed food, and why preventative care is key to reversing long-term systemic issues. Drawing from decades of medical experience and public service, he offers a perspective on how government and individual choices shape the future of healthcare. In their conversation, they explore the issues contributing to the health crisis, the medical system, and the growing impact of the MAHA movement. They also discuss the popularity of GLP-1 drugs like Ozempic and how AI and Neuralink can improve Americans' health and lower healthcare costs. Dr. Carson shares thought-provoking ideas that challenge conventional thinking and advocate for a return to logic, transparency, and faith-based values in American society. In this podcast interview, you’ll learn: Why Dr. Carson believes health starts with personal responsibility. The dangers of relying on drugs like GLP-1s without behavioral change. The environmental and lifestyle factors that are driving chronic disease. Why healthcare costs are so high—and what needs to change. Dr. Carson’s thoughts on AI in medicine and Neuralink. How transparency and health savings accounts could help fix a broken system. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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106: Tariffs, Trade Wars and Tax Cuts: An Economist’s View of the Global Economy with Dr. Arthur Laffer 58:27

vor 21 Tagen58:27

58:27

One of the biggest issues on every American’s mind is the impact of a global trade war and how trade policies and tariffs will impact their financial future—and rightfully so. Shifting economic alliances can have far-reaching effects on markets, inflation, and long-term investment strategies and we couldn’t be more thrilled to welcome today’s guest back on the podcast. Dr. Arthur Laffer is a world-renowned economist, creator of the Laffer Curve and former economic advisor to President Reagan. He’s been a leading voice on the economy and trade policies and has helped reshape fiscal policy worldwide. In our conversation, Dr. Laffer shares his perspective by presenting facts and historical data on how trade agreements and tariffs have been successfully (and unsuccessfully) throughout American history, why China is actually not American’s enemy in manufacturing shortfalls and how reducing taxes, both on individuals and at municipal and state levels would lead to a boom in the U.S. economy. In this podcast interview, you’ll learn: Dr. Laffer's views on the President’s first 100 days in office How trade deficits and capital surpluses have impacted the U.S. economy over the last 200 years. Why international trade is so incredibly important and how tariffs have been used throughout history. The terrible impact of trade wars and tariffs for the U.S. and its trade partners. Why Dr. Laffer believes that China is not the problem in manufacturing growth The math behind why transferring money from tax payers to unemployment and welfare has consequences. Dr. Laffer's outlook on the U.S. economy and what it means for your investment decisions. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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105: Do You Really Need a Financial Advisor? Why Expert Advice Matters 22:39

vor 5 weeks22:39

22:39

With today’s economic uncertainty—from inflation and interest rates to tax code changes and volatile markets—many people ask, “Can I afford to go it alone?” In this episode, Ed and LeAnne Siddell tackle the never-ending question, “Do I really need a financial advisor?” Ed draws from personal experience and decades of financial coaching to explore the real value of professional advice. Through real-life stories and insights from the families he serves, Ed explains how a financial advisor can help you move from simply accumulating wealth to creating a personalized distribution strategy, reducing taxes, and navigating complex healthcare and legacy planning. If you’ve ever wondered whether managing your finances saves you money—or possibly costs you more in the long run—this episode will challenge your assumptions and help you see the bigger picture. Whether you’re nearing retirement or just starting to think more strategically about your future, this episode offers guidance to help you confidently make decisions. In this podcast interview, you’ll learn: Why even top performers have coaches—and how that applies to your financial future. The five worlds of money and why focusing only on investments could be a costly mistake. The hidden tax consequences of bad withdrawal strategies such as IRMAA penalties. Why financial firms choose to be fiduciaries and what that means to you and the advice you’re given. The importance of purpose-driven planning: it’s not just about the numbers—it’s about what your money means . How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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104: Tariffs and Market Volatility: Short-Term Pain for Long-Term Gain 24:07

vor 8 weeks24:07

24:07

With the most recent developments on reciprocal tariffs and huge losses in the stock markets, the concerns are reaching a tipping point for Americans about what this means for their portfolio, retirement, and purchasing power. In this episode, Ed and LeAnne Siddell take a smooth and steady approach to break down the economic realities behind tariffs and how these policies impact consumers, businesses, and the economy. Drawing from current events, economic data, and historical context, Ed sheds light on the reality of the current situation and why he feels the tariffs are necessary to combat trade deficits, even if he might not necessarily agree with the overall strategy at times. If you're one of the many who are concerned about rising prices or the long-term direction of tariffs and the economy, this episode should provide reasons for some cautious optimism. In this podcast interview, you’ll learn: Why the administration’s policy on tariffs is necessary to resolve global trade deficits. How tax cuts and deregulation have historically been great methods to supercharge the economy The importance of a diversified portfolio, especially during volatile market conditions. Investors can’t time the market, but dollar-cost averaging is a great way to ensure your portfolio recovers. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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103: Tariffs, Inflation and the Debt Bubble: Examining Market Trends in 2025 28:44

vor 12 weeks28:44

28:44

Market uncertainty continues to dominate headlines in 2025. With inflation, rising debt, tariffs, and economic policies creating a ripple effect, how will these factors shape the financial future for investors and retirees? In this episode, Ed and LeAnne Siddell break down the latest market trends, including the disconnect between Wall Street and Main Street, the impact of tariffs, and the role of interest rates in shaping economic stability. They also discuss what investors should expect for the rest of the year and how to prepare for potential volatility. In this podcast interview, you’ll learn: Why market volatility is increasing and how it affects everyday investors. The impact of tariffs and trade policies on the U.S. economy. Why inflation numbers may not reflect the full economic reality. The debt bubble and its long-term implications for financial stability. How deregulation and tax policies could shape economic growth in the coming months. Strategies to preserve wealth and take advantage of market corrections. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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102: Dr. Marc Faber on Inflation, Global Instability and the Risks of Tariffs & Trade Wars 38:52

vor 15 weeks38:52

38:52

Economic uncertainty, inflation, global instability, and tariffs are heavily weighing on the minds of investors. Which begs the question: How will rising debt, geopolitical tensions, and new monetary policies shape the future? Here to help provide some answers to these challenging questions is Dr. Marc Faber. Dr. Faber is a legendary investor, economist, and publisher of The Gloom, Boom & Doom Report. He has spent decades analyzing global markets, uncovering trends before they become mainstream, and challenging conventional wisdom. In our conversation, Dr. Faber explains why capitalism and economic growth have stalled for the middle class and how government policies have fueled inflation. He also shares his candid take on tariffs, China’s role in the global economy, and the future of monetary policy under the next administration. In this podcast interview, you’ll learn: Why capitalism and economic growth hasn't benefitted the middle class. How global debt has reached unsustainable levels and what that means for market stability. Why inflation is much worse than government-reported figures. The risks of tariffs and trade wars and how they could trigger a deeper economic downturn. Why China’s economic rise is misunderstood and what it means for global markets. Dr. Faber’s advice for preserving wealth in uncertain times and his outlook on gold, real estate, and international diversification. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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101: Steve Forbes on Tax Cuts, Fed Reform and Deregulation to Stimulate the Economic Revival 37:28

vor 19 weeks37:28

37:28

Taxes. Inflation. Economic uncertainty. If you’re approaching retirement, these aren’t just headlines—they’re real concerns that could impact your financial future. And that’s why I’m thrilled to welcome Steve Forbes back on the podcast to get his take on tax policies and the economy with the incoming administration. Steve Forbes is the Chairman and Editor-in-Chief of Forbes Media, a globally recognized business leader, economic visionary, and a champion of free-market principles. Steve was a two-time presidential candidate and the author of several influential books, including Flat Tax Revolution, Inflation: What It Is, Why It’s Bad, and How to Fix It. In our conversation, you’ll learn why tax cuts and deregulation are essential for economic growth, how stabilizing the dollar effectively combats inflation, and the role energy independence and digital currencies like Bitcoin could play in shaping the nation’s future. From the future of Social Security to the tax policies that could shake up your savings, we covered it all. In this podcast interview, you’ll learn: Why tax cuts will stimulate economic growth and why delaying them would be a mistake. How deregulation empowers small businesses to thrive. The importance of a stable dollar to combat inflation and why the Federal Reserve's approach needs reform. The “fourth branch” of government you should be worried about. How energy independence can reduce national debt, boost the economy and your portfolio. What Steve Forbes would do on the first day as POTUS. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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100: Dr. Arthur Laffer Shares his Outlook on the U.S. Economy, Inflation and Tax Reform 36:30

vor 21 weeks36:30

36:30

I’m thrilled to be joined once again by Dr. Arthur Laffer. Dr. Laffer is a world-renowned economist and creator of the Laffer Curve, which has reshaped fiscal policy worldwide. He has advised Secretaries of the Treasury, served on President Reagan’s Economic Policy Advisory Board, and been recognized by Time Magazine and the Los Angeles Times. Dr. Laffer shares why he’s optimistic about the U.S. economy under new leadership, how tariffs can drive global trade negotiations, and what it will take to rebuild trust in government institutions. Arthur also weighs in on some flaws with the Federal Reserve’s monetary policies, the significance of participation rates, and why he’s advocating for a return to foundational economic principles. From his insights on inflation and Fed policy to his vision for tax reform and government efficiency, this conversation is packed with wisdom from one of the most influential economic thinkers of our time. In this podcast interview, you’ll learn: The seven positions of political power in the U.S. and their implications Why Dr. Laffer believes the Fed’s monetary policy is fundamentally flawed The difference between Paul Volcker’s and Jerome Powell’s approach to combat inflation How tariffs can be a great negotiating tool for free trade Why Dr. Laffer has vowed to never work in government again. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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099: Housing Market Insights and a Recession & Inflation Reality Check with Danielle DiMartino Booth 42:23

vor 24 weeks42:23

42:23

As we approach the end of 2024 with a new President-elect, many people wonder what’s in store for the stock market, housing market, and inflation. What’s really happening behind the scenes with the Federal Reserve, inflation, and the economy? We’re thrilled to have Danielle DiMartino Booth on the podcast to get her insights on these hot topics. Danielle is the CEO and chief Strategist for QI Research, a former Federal Reserve insider, and the author of Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America . In this episode, we discussed some of the Fed’s controversial policies, the reality of a potential recession, and her outlook on the housing market, especially with the influx of real estate investors. Danielle shares her unfiltered insights on wage inflation, government layoffs, and how bond yields are a potential signal for trouble ahead. She’ll also explain why she believes we could already be in a recession—and what it means for your investments. In this podcast interview, you’ll learn: Why Danielle believes that inflation and recession concerns are far from over. The purpose of the 2% inflation target and how it’s tied to deflation fears. What rising bond yields mean for your money. Danielle’s outlook on the housing market and mortgage financing, especially for investment properties. Danielle’s views on the bond and stock market for 2025 and beyond. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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098: The Impact of AI on Your Money and the Global Economy with Jim Rickards 43:12

vor 24 weeks43:12

43:12

Whether we like it or not, AI and ChatGPT are here, and they’re not going away. Most of us forget that AI has actually been around for years. While there’s plenty of potential and room for progress with AI, there are many concerns about what AI means for our finances, and that’s what we’ll be covering today. We’re honored to have Jim Rickards on the podcast today. Jim is an economist, Wall Street veteran, former DOD advisor, and bestselling author of The New Great Depression and Currency Wars . We discussed Jim’s newest book, MoneyGPT , the future of AI in financial markets, and its ripple effects on your portfolio. We explore the pros and cons of AI in the financial world. From hedge funds outsourcing decisions to AI to potential market meltdowns driven by algorithms, Jim lays out what’s at stake—and how you can protect yourself. We also dive into how AI intertwines with national security and why decision-making matters more than ever. If you’ve ever wondered whether your 401(k) or investment portfolio is ready for the AI-driven future, this episode is for you. In this podcast interview, you’ll learn: The impact AI and ChatGPT could have on saving for retirement. Why Jim believes that a new world of AI isn’t all doom and gloom. How hedge funds use AI to pick stocks. Why the lack of human empathy from AI is a valid concern with critical decisions. Jim’s advice for the new administration on how to protect investors against a run on banks and financial markets. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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097: Inflation: The Greatest Challenge for a Generation of Retirees with Robert Kiyosaki 36:07

vor 27 weeks36:07

36:07

Today, I’m talking to Robert Kiyosaki. I read his hugely influential book, Rich Dad Poor Dad , for the first time back in 1998, and his philosophy–that rich people don’t work for money–seems like it’s never been more true than it is now in today’s economy. In our conversation, we dig into the biggest challenges like inflation and that national debt that is facing retirees today, why Robert has never invested in the stock market, and what he’s learned over the course of his 25+ year friendship with president-elect Donald Trump. In this podcast interview, you’ll learn: How inflation is making it so much harder for his generation to retire. Why Robert built a portfolio focused almost entirely in real estate, precious metals, crypto and other alternative assets. The issues that are preventing the U.S. from keeping the national debt under control. Why Robert wouldn’t change much of Rich Dad Poor Dad if he was publishing it today. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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096: Is Now the Time to Invest in Gold and Precious Metals? 25:42

vor 32 weeks25:42

25:42

With inflation lingering and still impacting our purchasing power, it’s time to ask ourselves: Is it time to invest in gold and precious metals? This begs the question, how much should you have in your portfolio? In today’s episode, we discuss why yields are going up despite interest rates going down, why weaponizing the US dollar will dramatically change how we live, and how to make alternative assets a sustainable, healthy part of your portfolio. In this podcast interview, you’ll learn: Why people aren’t buying houses even though interest rates have gone down. Why gold is more of a store of value than a hedge against inflation. Reasons the US dollar is likely to lose its status as a reserve currency. How (and how not) to purchase and store precious metals. What role alternative assets can and should play in your portfolio. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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095: Jim Rogers Discusses the Early Warning Signs of a Looming Recession 28:43

vor 1 year28:43

28:43

Today, I’m excited to welcome Jim Rogers back on the podcast. Jim is the bestselling author of The Investment Biker, an economist and investor, globetrotter, and multiple Guinness World Record holder with a very unique perspective on the global economy, and how things are going. In this episode, you’ll hear Jim’s thoughts on where the US economy is at right now, the ramifications of the looming debt bubble, and how a slow and steady approach to investing might be the best approach right now. In this podcast interview, you’ll learn: Why Jim isn’t worried yet about America’s long rally coming to an end. What Jim thinks could bring the world’s high-performing markets to a halt. How central bank digital currencies could affect our economy globally. The alternative asset classes Jim does–and doesn’t–invest in. Why now’s the time to stick with what you know and make careful, boring investments, to make sure your retirement stays exciting. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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094: Insights on Supply-side Economics and the Laffer Curve with World-Renowned Economist, Dr. Arthur Laffer 38:27

vor 1 year38:27

38:27

Today’s guest is world-renowned economist Dr. Arthur Laffer. Arthur is a former member of Ronald Reagan’s economic council, inventor of the Laffer Curve, and author of Taxes Have Consequences . Among his many accomplishments, he helped define Prop 13 in California, consulted with several Presidents, including Nixon, Cheney, Trump, and Thatcher, and has spent most of his life studying economics and economic policy. In this conversation, Arthur shares what he’s learned in the 50+ years he’s been in and around the White House and why the fastest-growing states have zero income tax. You’ll also hear Arthur explain why the national debt isn’t just “deferred taxes” and his thoughts on how to improve it. In this podcast interview, you’ll learn: The differences between Keynesian and supply-side economics–and why Art believes Keynesianism doesn’t work. Why Art believes mass redistribution of wealth leads to zero income and no incentives. How eras of historically high tax rates have led to underperforming economies. Why Art advocates for a low-rate, broad-based flat tax. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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093: Social Security Horror Stories and How to Maximize Your Benefits with Larry Kotlikoff 1:04:22

vor 1 year1:04:22

1:04:22

It’s no secret that Social Security is a significant issue in this country. But what’s worse is that many people are unaware of how to maximize the Social Security benefits they paid into throughout a lifetime of hard work. Today, we’re talking about worst-case scenarios with Larry Kotlikoff. Larry is a professor of economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Research Associate of the National Bureau of Economic Research, and a former Senior Economist on the President’s Council of Economic Advisors. His work has been featured in countless publications, and he testified to Congress on tax reform and other issues 19 times. In our conversation, we’ll focus on his new book, Social Security Horror Stories, where he outlines ways to ensure you get your benefits, avoid clawbacks, and navigate the seemingly impossible bureaucracy that is Social Security. We also discussed the dysfunction and abuses that have made dealing with Social Security so awful, how to make sure you’re not missing out on any possible benefits, and you’ll hear Larry’s ideas on what can be done to fix the system. In this podcast interview, you’ll learn: What a Social Security clawback is–and how people have ended up being told to pay back hundreds of thousands of dollars in payments. How Social Security has stolen millions in benefits from tens of thousands of Americans. Why the calculations for the fiscal gap for Social Security funding are wildly off. Why Larry believes that Social Security as we know it should be retired and rethought entirely to end generational and bureaucratic abuse. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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092: Exploring the Housing Crisis and the Barriers to Affordable Housing with Ben Carson 21:07

vor 1 year21:07

21:07

America’s ongoing housing problems have impacted the lives of so many people–including today’s guest, Dr. Ben Carson. Before becoming a renowned pediatric surgeon or the 17th United States Secretary of Housing and Urban Development from 2017 to 2021, he faced many challenges as he and his aunt and uncle moved between Detroit and Boston. In this interview, we discuss Dr. Carson’s run for president and shift from medicine to public policy, what’s made housing so unaffordable for so many Americans (and what can be done about it), and what he’s doing in his second “failed retirement.” In this podcast interview, you’ll learn: How Dr. Carson’s experiences with homelessness shaped his experiences with housing in America. Why Dr. Carson is a believer in transitioning people from dependency to self-sufficiency–and why he believes it’s so hard to change our established systems. The domino effects of unaffordable homes, increasing homelessness, and neverending price increases. The social programs Dr. Carson is working on now to address the other issues he sees affecting Americans today. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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091: Investing with Bonds: When is the Right Time? 21:39

vor 2 years21:39

21:39

The typical retirement portfolio has operated on a 60/40 split between equities and bonds for many years–but this traditional approach has cost retirees a lot of money over the past few years. Our goal with today’s episode is to help answer two questions: when is the right time to add more bonds to your portfolio, and why isn’t cash still king? We’ll discuss the relationship between interest rates and market performance, the difference between “good bonds” and “bad bonds,” and what to do with your portfolio as we approach another period of major volatility. In this podcast interview, you’ll learn: Why interest rates likely won’t go up much further. Why good news is bad news for the market and vice-versa. What makes the market so uniquely volatile during an election year. Why it’s impossible for Congress to avoid overspending. How our looming debt crisis makes it easy to recommend bonds over cash. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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090: Introducing Jim Rogers! The Investment Biker Discusses Inflation and the Global Economy 26:03

vor 2 years26:03

26:03

Jim Rogers made a name for himself co-founding the Quantum Fund, but became the “Investment Biker” when he took a 22-month, 52-country journey business trip by motorcycle. A so-called “adventure capitalist,” Jim has published several books, driven all over the world, and achieved remarkable success. In our conversation today, we talked about what he learned traveling the world, his take on our global economy, and how to protect yourself as inflation, debt, and poor leadership put your financial future at risk. In this podcast interview, you’ll learn: What inspired Jim to travel the world by motorcycle. Why Jim believes now’s a good time to be an old American–and why he’s concerned about the financial problems the United States keeps punting down the road. What Jim’s doing to hedge his bets as he becomes increasingly pessimistic about the US economy. Why Jim is still investing in US dollars, but is looking for alternatives. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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089: Steve Forbes Joins us! We discuss his new book, Inflation and the US economy 20:11

vor 2 years20:11

20:11

Millions of Americans are still feeling the pinch of high gas and grocery costs. Mortgages rates have climbed to a high of 8% for 30 years, and credit card rates and balances are impacting the ability to absorb the new cost of living. We’ve been talking about inflation for several years now, but we’ve never had a chance to discuss it with a true titan of finance and media until now. Today, we’re talking to Steve Forbes, chairman and editor-in-chief of Forbes Media. Steve has a fantastic new book titled, Inflation: What It Is, Why It’s Bad and How To Fix It . In this episode, Steve shares unparalleled insights into our current economic landscape. He explains what inflation is and how it’s impacting the average household, why he believes the Fed’s behavior has us stuck in a rut, and ways we can get ourselves out of it. In this podcast interview, you’ll learn: The difference between non-monetary and monetary inflation. Why Steve sees the Fed’s behavior as strange, unproductive, and arbitrary. How continuing to borrow money drives the deficit out of control, drives prices higher, and further devalues the dollar. Why Steve believes we need to stabilize the dollar and innovate to rebuild our infrastructure. Ways to position your portfolio to best navigate tough economic times. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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088: Cyber Security and Identity Theft: How to Protect Yourself Online 20:23

vor 2 years20:23

20:23

Every day we’re bombarded with harmless-looking emails promising free gifts or things that are too good to be true. The phone rings and we get asked to update information we didn’t know anything about. Where is this coming from? When it comes to your sensitive information, who can you trust, and what’s real? Today, we’re talking about how to protect yourself from highly sophisticated scammers. You’ll learn how to tell when an email isn’t from who it says it is, how to protect your identity online, and what to do in the event that someone does manage to compromise one of your accounts even if you’ve done nothing wrong. In this podcast interview, you’ll learn: Why fraudsters have gotten so much better at running scams in the last several years. What happened when someone tried to steal Ed’s identity. Why the IRS will NEVER leave you a voicemail asking to verify your Social Security number. Why you shouldn’t wait to install recommended software updates on your computer or your phone. How hospitals, insurers, and so many others fall victim to cybercrime–and what to do if your sensitive information shows up in a data leak. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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087: Inflation, Deflation and Overspending: What's Next? 20:20

vor 2 years20:20

20:20

The more things change, the more they stay the same. We’re still dealing with high inflation and interest rates and the silent recession continues with the average household still feeling the pinch at the grocery stores and gas pumps. And now, the Federal Government says that we’re in a deflationary period while adding $1 trillion to the national debt every quarter. Which begs the question: What’s next? In today’s episode, we discuss the importance of being disciplined with your spending and sticking to your budget. We’ll also explain why interest rate drops that may be on the horizon might actually limit your ability to borrow money to cover your expenses in the future. In this podcast interview, you’ll learn: How quantitative easing works and the US dollar and the national debt is no longer backed by gold. How decreasing the Federal balance sheet will impact the average American and their businesses ability to borrow funds. Why interest rate drops will have a negative effect on inflation. The importance of budgeting your money with the current interest rate environment. How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

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086: The Silent Recession 23:18

vor 2 years23:18

23:18

With 30-year mortgage rates at 7.5%, inflation continuing to impact our spending power, and gas pushing almost $4 a gallon, we’re seeing higher bankruptcy rates and hearing talk of a lost decade. So what do we do to keep our financial plan as healthy as possible? In today’s episode, we’re talking about what’s going on in America–and the silent recession that is affecting everyone except those on Wall Street. You’ll learn why all this so-called “good economic news” proves to only be good for executives and investors, why interest rates might finally start dropping soon, and how to hedge your bets to protect yourself (and your money) when the economy won’t do it for you. In this podcast interview, you’ll learn: Why the finance industry is behaving like things are just fine while everyday Americans are struggling more than ever to make ends meet. How last year’s interest rate increases are affecting us now. How to reposition your finances as prices and interest rates start to stabilize again. Why you need to get clear about your financial goals to leave a legacy and make lasting memories. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
085: Good News Equals Bad News Economy 20:16

vor 2 years20:16

20:16

“ We’re overspending $5.1 billion a day more than we’re bringing in because of interest rates. ” - Ed Siddell Today, we're talking about how good news can actually lead to bad news when it comes to the economy. When something looks good, it usually comes at a cost. We’ve all lived through a whole lot of craziness since 2020, and we’ve experienced major shifts in employment and the housing market–and inflation has played a huge role in that. In today’s episode, we explore how we got here, how overspending in government hurts us all, and when we might see some stability after what can feel like total chaos–and what to do with your money (and your financial plans) in the meantime. In this podcast interview, you’ll learn: How the Fed backed itself into a corner with interest rates–and why our booming economy led to such extreme inflation. Why we think interest rates might freeze by next summer. Why debt is at unbelievable highs–and the economic factors that might make things even worse very soon. Things you can do right now to create economic leverage across your own accounts. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
084: Legacy Planning: Mistakes to Avoid to Secure Your Wealth 22:51

vor 2 years22:51

22:51

There are things that are within our control and some that are not. Time doesn’t stop, and everybody gets older, but one thing that is within our control is to take action before it’s too late to secure your legacy and avoid headaches like probate. For anyone who has been able to put money away and generate enough wealth to leave assets behind, we all need to determine who will take care of us and those assets toward the end of our lives–whether that’s our kids or someone we hire. With that in mind, today’s episode is about what it means to leave a legacy behind for the people you care about. We discuss how to best prepare your family to inherit what you leave behind, the small mistakes that can have huge consequences when we’re gone, and the critical components of a legacy plan that we ensure every client has. In this podcast interview, you’ll learn: Why legacy is about memories and money–not just one or the other. How to keep your assets out of probate court. Why it’s so important to review your benefits annually. What to do if you have gaps in your legacy planning. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
083: Market Volatility: What the Markets Are Telling Us 19:26

vor 2 years19:26

19:26

Fear of missing out is a real thing. Everyone is looking for 15-20% returns and this can prompt people to make risky decisions–especially when it comes to retirement. Right now, we have a bull market in the S&P, volatility is low and tech is back on the rise. So, is it time to go all-in, or should investors beware? Today, we’re talking about why our markets seem so crazy, the resurgence of big tech in the wake of AI, and why all of this reaffirms the importance of having a solid financial plan at every stage of life. In this podcast interview, you’ll learn: The importance of understanding how market volatility impacts your investment decisions. Why some investment products make sense for some and don’t for others. The importance of having a solid investment plan, especially in retirement. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
082: Consumer Credit and Rising Debt: Managing Your Spending in Today’s Economy 18:26

vor 2 years18:26

18:26

Consumer credit is at an all-time high. Credit card debt is pushing $1.25 trillion and headed upwards. Inflation’s high, consumer spending is high, and employers are cutting good jobs with benefits. Even if you’re steadily employed or running a healthy business and your personal debts are manageable, these macroeconomic factors can still affect you. In today’s episode, we walk through why other people’s spending impacts our overall quality of life, how to get the best possible deals when you make a big purchase in this economy, and what to do about any lingering debt you need to get rid of. In this podcast interview, you’ll learn: Why consumer spending is at an all-time high–and where the money’s coming from. Why last year’s interest rate hikes are just now starting to impact us. How solid financial planning makes it easy to rein in spending and eliminate your debts. Why you should always pay off your credit cards in full. How to address the challenges of skyrocketing costs for basic things like utilities and groceries as you approach (or are in) retirement. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
081: Saving with Pretax Contributions or Roth Accounts and Minimizing Your Tax Liabilities 21:05

vor 2 years21:05

21:05

After a brief hiatus, we’re back with a timely episode to answer a popular question: Is it better to save with pretax dollars or a Roth? Inflation continues to be an issue in today’s economy, which is why it’s so important to make every dollar count. Everything is more expensive now, and saving for retirement is not a one-size-fits-all plan because everyone’s situation is different. In today’s episode, we’ll explain the difference between saving with pretax contributions or a Roth, how using your savings for vacations or emergencies can impact your income at tax time, and why making the wrong decisions early on can have significant consequences on your income taxes in retirement. In this podcast interview, you’ll learn: How inflation is essentially a hidden tax that impacts your savings. The biggest difference between savings pretax or in a Roth. Reasons why having your savings all in pretax dollars could be an issue later. Why Roth accounts are still highly recommended for young investors. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
080: Making Sense of The Debt Bubble and Rising Default Rates 23:36

vor 2 years23:36

23:36

Between inflation, a possible recession, and bank failures, our economy feels chaotic right now. However, that doesn’t mean that now’s the time to panic. Instead, this is your opportunity to get a better understanding of these complex situations and make sure you’re doing everything you can to keep your individual financial plan strong and healthy. In today’s episode, we talk through how we arrived at this truly crazy moment in our economy, the consequences of untenable debt and years of bad fiscal policy, and how to approach your own finances when our leadership is asleep at the wheel. In this podcast interview, you’ll learn: Why this economic moment is the consequence of a failure in leadership. How record-high debt leaves every part of our economy at greater risk of default. How the Silicon Valley Bank collapse proves that CFOs of hugely successful companies don’t understand the limits of banking. How to take a long-term approach to your finances in chaotic times. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
079: What Is Your Plan as a Retiree? 15:05

vor 2 years15:05

15:05

You worked hard. You built a life, had a career, and hit some milestones along the way–and now you’re retired. So what are you going to do? Now that you’ve got all this free time, what’s your plan or purpose now? Today’s episode is all about answering one of the toughest questions we get asked: “What do I do now?” We dig into how it feels to retire, the power of feeling uncomfortable, and how to live your life with purpose and intention in the years and decades to come. In this podcast interview, you’ll learn: Why almost no one who retires enjoys being sedentary for long. Why men struggle so much more with the concept of retirement than women. The value of scheduling one thing to do every single day. Why financial, physical, and mental fitness are so interlinked. How to ensure your retirement plan will keep you able to do the things you love for as long as possible. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
078: Hedging with Precious Metals: Buyer Beware 22:14

vor 2 years22:14

22:14

Ads for gold, silver, and other precious metals are everywhere. But even with the dollar coming off its high and inflation pushing over 7%, are they a good hedge? If so, what are you supposed to buy, and what should you avoid? We’ve had lots of people asking us where they can purchase gold and silver. With that in mind, today’s episode is all about precious metals–and why the buyer should almost always beware. We discuss common precious metals scams, whether these assets should be a part of your portfolio, and safer ways to make these investments if you’re interested. In this podcast interview, you’ll learn: Why the dollar is losing value right now. Why individual investors are almost always paying premiums when investing in gold, silver, or other metals. Why precious metals aren’t a perfect fit for everyone. What to watch out for when investing in precious metals–and why you should avoid almost anything that comes in a fancy box. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
077: Action Steps to Account for Inflation in Your Financial Plan 22:42

vor 2 years22:42

22:42

When everything we buy costs more, every dollar in our pocket and our bank account is worth less. You can cut back on unnecessary expenses here and there, but there’s only so much you can do to cut back on groceries or gas. That’s why factoring inflation into your retirement plan is so important right now. In today’s episode, we walk you through how to create an action plan to get you through this period of inflation, whether we’re officially in a recession or not. In this podcast interview, you’ll learn: Why the Fed is likely to crush the economy if they raise rates to 2%. How we’ve set ourselves up for high costs, exhausted resources, and an ever-growing debt bubble with international impacts. Why we started taking huge positions in cash to address an overleveraged market. How to build risk tolerance into your financial plan and portfolio. Why now’s the time to figure out where your money is being spent–and simple things you can do to curtail inefficient spending. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
076: The Survivor Checklist for Your Estate Planning Needs 21:05

vor 3 years21:05

21:05

Let’s face it, everyone has to face their own mortality at some point. But if you’ve planned ahead, your family and beneficiaries will thank you because settling an estate can be stressful when you’re starting from scratch. Today’s episode is all about how to make legacy planning as simple as possible. We’ll walk you through what needs to be done to ensure that your family is looked after and cared for when that day comes. Even though you can’t plan for everything, you can give them a great head start–which can make a world of difference when everything feels overwhelming. In this podcast interview, you’ll learn: Why it’s so important to put together a basic estate plan and review it often. How dictating who gets what takes stress off of families and eliminates conflict. How to communicate the details of your plan with your beneficiaries. How to make the details of your digital life part of your estate plan. Who to talk to in order to build out a plan for your survivors–and how to get help if you need it. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
075: Managing Your Debts with a Personal Debt Plan 18:10

vor 3 years18:10

18:10

As inflation soars, more and more people are dipping into their savings–or going into debt–to make ends meet. While it may not be an emergency (yet!), it may be time to take a step back and assess your situation. With that in mind, today’s episode is all about how to make sure that your money lasts. We’re talking about why it’s so easy to accidentally take on debt, how to put together a personal debt plan to eliminate the bad debt you may hold right now, and what you can do from here on out to avoid a bad financial situation in the years to come. In this podcast interview, you’ll learn: The impacts of consumer debt being at an all-time high. The difference between good debt and bad debt. How to get a grip on your finances if everything feels out of control. Courses you can take to get a better sense of your financial education. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
074: The Retirement Checklist for Your Financial Plan 22:00

vor 3 years22:00

22:00

No matter what financial shape you’re in right now, it’s never too late to find new ways to do better in the years to come. If you’re thinking about retiring (or trying to figure out if you still can retire), concerned about today’s economy, or simply want to make sure that everything is in place before you make that decision, this episode is for you. Today, we dig into pensions, Social Security, insurance coverage, and much more. You’ll learn about when to start working with a financial planner, how to do the math, and how to get access to the retirement checklist so you can get a clear sense of what you’ve achieved–and what you still have left to figure out. In this podcast interview, you’ll learn: Why so many people go over budget so easily. How to start reviewing what your assets actually look like as you prepare to retire–and assess your financial health. How to do a dry run and start picturing retirement well before it’s time to retire. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
073: How to Avoid Drinking the Market Rally Kool-Aid 20:33

vor 3 years20:33

20:33

If you’ve been watching the markets over the last few weeks, you probably have questions. Is the current market rally evidence that we’re experiencing a rebound, or are we still in a bear market? Pundits love to share good news; they don’t love to talk about the underlying pressures that make markets act the way they do. This means that if you’re nearing retirement and keeping up with financial news, you may not have all the information or tools you need to make sure your retirement plan is in the best shape possible. Today, we’re discussing what market rallies really mean, how they affect your portfolio, and how you can protect yourself in market upturns and downturns alike. In this podcast interview, you’ll learn: Why this rally is unlikely to take us out of a bear market. What the Philly Fed is, why it matters, and why it says we’re headed in the wrong direction. Why inflation has changed your budget–whether you’ve adjusted it or not. How increased taxes of all kinds will inevitably push higher costs onto consumers. Why now’s the time to get your financial plan in order. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
072: How to Avoid FOMO When Markets Are Volatile 21:12

vor 3 years21:12

21:12

Our economy feels like a pretty uncertain place right now–especially if you’re approaching retirement age (or recently retired). Whether you’re reading the headlines or not, you’re probably feeling the effects of inflation and market volatility every single day. And if you’re of retirement age, you were there for the hyperinflation of the 1970s, the dot-com bust of the 2000s, and the Great Recession, but that doesn’t mean that your portfolio is currently suited to the moment at hand. In today’s episode, we’re talking about the countless financial products and options out there right now, how to avoid making emotional investing decisions in tough times, and how to make sure that you’re taking on the right amount of risk in every stage of life. In this podcast interview, you’ll learn: What makes bear market rallies so complicated. The difference between financial advice and “hot stock tips.” How being overinvested in the market can set you up for constant losses and punishing tax bills. How to build a financial plan that ensures you won’t outlive your money. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/72 How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
071: How Comprehensive Financial Planning Protects Your Lifestyle 21:01

vor 3 years21:01

21:01

On June 15th, the Federal Reserve decided to raise interest rates by 75 basis points. Understandably, this leads to a lot of questions: how is this going to affect bonds and the stock markets? How will this impact the economy and employment? Will there be a recession? No matter what happens, a comprehensive financial plan is your best defense in uncertain times. In today’s episode, we discuss the impacts of the Fed’s decision, how to create a risk budget and reserves to prevent needing to sell at a loss, and how to create a plan that’ll ensure you have enough income, no matter what. In this podcast interview, you’ll learn: Why our economy is in a perfect storm of fear, uncertainty, and doubt. Why there’s no way to time the market, especially right now. The importance of understanding your finances at every age. How to take advantage of charitable contributions in retirement planning. How to get a second look at your retirement plan or portfolio. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/71 How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
070: How to Make Your Retirement Plan Recession-Proof 25:02

vor 3 years25:02

25:02

It's difficult to prepare for every worst-case scenario. When the most likely scenarios are considered, it can help avoid panic and overwhelm when the rough days rise to the surface. Imagine that you're on your way to an important business meeting or picking your spouse up from the airport when one of your tires suddenly goes flat. If you have a spare, you'll be a little late. If you don't, your entire day could be derailed. As we all know, life can be unpredictable. And if you're taking too many risks with your investment portfolio, or if you've simply failed to prepare, changing market conditions can be more than a flat tire–they can put your nest egg in jeopardy and wreak havoc on your retirement. It's impossible to predict how the market will be performing when we retire, which is why today's episode is all about what to do when you retire in a market downturn. We'll dig into why our current economic situation is so complicated, why it shouldn't impact whether or not you retire, and how to take emotion out of your financial planning and live your life to the fullest. In this podcast interview, you’ll learn: Why we’re likely in or on the verge of a recession. How recessions can negatively impact your retirement portfolio. Why it’s important to review your portfolio as often as quarterly when markets are volatile. The questions you and your financial advisor should be asking as you look over your financial plan. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/70 How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
068: Will Inflation Lead to a Recession? (Part 2) 17:58

vor 3 years17:58

17:58

Rampant inflation seems like it’s here to stay for at least a while longer. Everyone’s feeling it at the grocery store, the gas pump, and seemingly everywhere else. In part one of this two-part series, we’ll discuss why it’s happening and dive into how to make sure your retirement plan can sustain your lifestyle, even if costs continue to go up. We’ll help you make sense of why the markets seem to be changing at the drop of a hat, why emotional investing is all but guaranteed to hurt you, and how a custom retirement plan suited to your unique needs is critical in tough times. In this podcast interview, you’ll learn: What makes inflation so uniquely inescapable right now. Why you need a solid financial plan now more than ever. What to consider investing in when US companies like Netflix, Meta and others continue to prove that they have been overvalued. How crypto continues to prove to be correlated to the market. Why you don’t want to liquidate what you have at a loss to cover your living expenses–and how to prevent this from happening. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/68 How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
067: Will Inflation Lead to a Recession? (Part 1) 23:21

vor 3 years23:21

23:21

Inflation’s constantly in the news, and it’s easy to see why. When everything we buy costs more, each dollar in our pocket is worth less. And while it’s easy to cut back on some unnecessary expenses, no one wants to make severe changes to their lifestyle to cover simple costs like gas and groceries. That’s why it’s so important to factor inflation into your retirement plan. While you can hope for the best, it certainly doesn’t hurt to prepare for the worst so that you’re prepared for a potential recession. In today’s episode, we’re talking about what you can do about high inflation, how to create a plan of action, and ensure that your retirement plan will protect you even in the event of an economic downturn. In this podcast interview, you’ll learn: Why inflation is starting to slow down the economy. This impact that inflation has on most people. Why quantitative easing and the 2008 bailouts kicked the can down the road, setting the stage for the economic problems we’re having right now. How economic sanctions are hurting the value of the dollar internationally. Why sitting with cash is the worst thing you can do right now. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/67 How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
066: How To Avoid Letting an Energy Crisis Become a Wealth Crisis 19:25

vor 3 years19:25

19:25

No one who was there remembers the lineups at the gas pumps in the 1970s with any fondness. And though we’re not seeing long gas lines yet, we are seeing extremely high gas prices, rampant inflation, and extremely volatile markets–what we not-so-fondly refer to as stagflation. However, an energy or economic crisis doesn’t have to become a wealth crisis, and you can create a plan that helps you no matter where you are or what your future holds. In this episode, we’re talking about how to prepare–and protect–yourself from massive energy bills, bear markets, and how to deal with that little voice in your head telling you to cash out without thinking about the consequences. In this podcast interview, you’ll learn: Why gas prices go up fast, but don’t come down that quickly. How to make sense of markets going up 200 or down 500 points in the same hour. How a financial plan prevents you from needing to liquidate your holdings at a loss to maintain your lifestyle. What not to do when the market drops and people start panicking. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/66 How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
065: Why Stagflation Makes Financial Planning More Important Than Ever 20:01

vor 3 years20:01

20:01

Back in the 1970s, we experienced a combination of economic stagnation and inflation. Energy prices were high and the stock market went up and down like a roller coaster, very similarly to what we’re experiencing right now. Back then, it was called stagflation–and we’re hearing that word more and more in 2022. Unfortunately, stagflation can have real impacts on your finances, especially if you’re retired or about to retire, and we’re likely to see high inflation for some time to come. In today’s episode, we discuss why our current economy is directly tied to Russia’s invasion of Ukraine, how media fear-mongering is making the situation worse, and why it’s more important than ever to have a strong financial plan in place. In this podcast interview, you’ll learn: What stagflation is, and why this term is being used to describe our economic environment. Why your dollar is buying you less and less. How the media makes bad economic situations worse. How a solid financial plan stops you from making emotional decisions when it comes to your finances. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/65 How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
064: Why Tax Time is the Perfect Time to Review Your Retirement Plan 22:20

vor 3 years22:20

22:20

Tax season is about much more than just how much money you owe the IRS each year. It’s also a golden opportunity to review your investment strategy, your estate plan, and what your taxes will look like in the years to come. With the April 18th due date coming ever closer, the national debt ballooning, and inflation continuing to rise, today’s episode is all about how to take a holistic look at your tax and retirement plans together. You’ll learn why taxes are all but certain to go up soon–and what you can do right now to position yourself to save the most on your tax bill not just this year, but for years to come. In this podcast interview, you’ll learn: Why people in retirement still have to worry about taxes. How you save determines whether you owe money on your Social Security.\What retirees can do to minimize their tax. Why taxes are all but guaranteed to go up in the near future. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/64 How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
063: Weathering Market Downturns and the Future of Cryptocurrencies 29:29

vor 3 years29:29

29:29

If you’re watching the financial news every day, you’re probably feeling a little unsettled. We’re in the midst of 40-year high inflation over 7% year-over-year. The Fed has announced three rate hikes when major firms are saying we need at least five to seven. Cryptocurrency has gone through a series of even more extreme ups and downs, with investors experiencing swings from anywhere between 500 and 1,000 points. All of this can be extremely daunting, especially if you’re on the verge of retirement (or recently retired). You want your portfolio to be able to keep you afloat no matter what happens in the market, and you need to be able to look at your accounts without making any rash decisions. Today’s episode is all about how to do exactly that. You’ll learn how to make sure your portfolio can withstand volatile markets, get a grip on what you’re really spending each month, and how to take emotion out of your decision-making process. From there, we then expand on the basics of cryptocurrency and discuss Project Hamilton, the collaboration between MIT and the Federal Reserve Bank of Boston to develop a hypothetical central bank digital currency. In this podcast interview, you’ll learn: Why you simply cannot be emotional when it comes to investing. The importance of understanding your expenses–and why you need to be able to adjust your budget to account for massive inflation right now. The do’s and don’ts of basic risk budgeting and financial planning. What Project Hamilton could mean for the future of cryptocurrency. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/63 How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

The Retirement Trainer

1
062: The Pros and Cons of Investing in Cryptocurrency 26:10

vor 3 years26:10

26:10

Cryptocurrency is in the news every day. We hear stories all the time of people making big money with crypto. Billionaires like Elon Musk can affect its value with a single tweet, and potential regulation could change the field very soon. Having said that, the questions that we hear from our clients are still the same. “Should I invest in crypto? And what are the downsides?” Today, we’re answering some of our most common client questions about cryptocurrencies including Bitcoin, Ethereum, and Dogecoin. By the end of this episode, you’ll have a better understanding of what cryptocurrencies are, how they’re taxed, and why there are just as many downsides as there are upsides to these investments. In this podcast interview, you’ll learn: What makes cryptocurrencies so popular. Why regulation and taxation are likely coming to this space soon. The reasons why adding Bitcoin to your 401(k) could be a risky strategy.. The unique uses of different cryptocurrencies. Why crypto is not a good investment for everyone–and why you need to be prepared to lose it all. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/62 How Fit Is Your Retirement Plan? We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com…

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The Retirement Trainer

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Podcasts, die es wert sind, gehört zu werden

Willkommen auf Player FM!

The Let Them Theory: A Life-Changing Tool That Millions of People Can't Stop Talking About

The Let Them Theory: A Life-Changing Tool That Millions of People Can't Stop Talking About

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3-Pack 8" Heavy Duty Scissors with Ultra Sharp Blades and Comfort Grip Handles - For Office, Home, School, Sewing, and Crafts

The Let Them Theory: A Life-Changing Tool That Millions of People Can't Stop Talking About

Ähnelt The Retirement Trainer

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