Saving With Silverman

The Snowbird Retirement: Is a Seasonal Move Right for You?

Arizona is a unique state in that parts of the state have harsh winters while other areas deal with extreme heat in the summers. Either way, it definitely drives retirees to consider taking up residence somewhere else in those months when the weather isn’t enjoyable. Is ‘snowbird’ life for you? Let’s talk about what motivates people to take up temporary residence elsewhere, where they go, and if it’s worthwhile.
Here’s what we discuss in today’s show:
What our clients usually do when they choose to become ‘snowbirds.’
Where do people usually go to live when they leave?
What do you need to consider before deciding to take up two residences?
The ways that technology has given more flexibility with work and travel.
 
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832

Answering the 401k Frequently Asked Questions

For many Americans, the 401k will be their biggest asset in retirement and will be a critical piece of the income they need to create. It’s no surprise that we get a lot of questions about the 401k and today we’re going to address some of the one that we get asked the most.
Here’s what we discuss in today’s show:
Is it a good idea to take advantage of a program your company offers to advise you on your 401k?
Should you contribute as much as you can or just enough to get a company match?
Should you use target date funds?
Is it okay to take out a 401k loan to pay for major expenses?
When is it a good time to rollover a 401k into an IRA?
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832

Two Truths and a Lie

Today we’re going to tackle retirement planning through a fun game called ‘Two Truths and a Lie.’ Ron will present Mark with three statements, and he’ll have to tell us which two are true and which one is the lie. This episode is designed to help listeners better understand how various financial elements impact their retirement and overall financial health.
Here’s what we discuss in today’s show:
Do stocks, bonds, or gold typically do better in inflationary periods?
Rising interest rates will hurt borrowers, but rising interest rates don't hurt savers.
Your emergency fund should be growing or it should be liquid.
A market crash right after you retire can be very problematic.
What’s the truth behind the future of Social Security?
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832

The Different Definitions Of Diversification

If you’ve done any research on retirement and financial planning, you’ve probably seen the term diversification used quite a bit. But does what it mean to truly be diversified? The truth is that it can mean a lot of different things when it comes to your financial plan.
Here’s what we discuss in today’s show:
Diversification of stocks
Diversification of asset classes
Global diversification
Diversification of strategies
Diversification of future tax liability
 
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832

Unlikely Wisdom: Financial Wisdom From Celebrities

You wouldn’t necessarily expect Lindsay Lohan, Rosie O’Donnell or Mike Tyson to dispense valuable insights about financial planning matters. In fact, you’d probably expect the opposite. But with a little bit of creativity, we can get some financial planning pearls of wisdom from even the most unlikely of sources.
Here’s what we discuss in today’s show: 
Not being your own worst enemy when it comes to investing
Taking what you hear on TV or social media with a grain of salt
Having a game plan but being flexible with that plan as things change
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832

It’s Not Your Parents Retirement: Retirement Planning Today

With pensions being a thing of the past, and Social Security looking like it might have some changes coming, retirement planning today is nothing like it was for your parents or grandparents. In the past, people often retired and only lived a few years beyond that, but today’s retirees could spend 20, 30, or even 40 years in retirement. And, unless you’re in one of the few jobs that still offer pensions, it’s largely up to you to create and secure your own retirement.
In this episode, Mark breaks down exactly how retirement planning has changed over the years and shares how people can start to get ahead in their planning.
Here’s what we discuss in today’s show:
Pensions are largely a thing of the past
The challenge of having to support your children and elderly parents at the same time
Concerns about the future of Social Security
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832

Financial Planning With Arnold Schwarzenegger

From fitness icon to actor to governor, Arnold Schwarzenegger has worn lots of different hats over the course of his incredible life. Is financial advisor the next one he’s ready to put on? Probably not, but in today’s episode, we’ll dive into some of Arnie’s most well-known quotes and see how they can apply to the financial world!
Here’s what we discuss in today’s show:
How investing changes as you move through different stages of life.
Visualization and setting goals.
How the stock market is cyclical.
The hard part is often just getting started.
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832

The Parallels Between Weight Loss and Financial Planning

In our fast-paced lives, we often find ourselves juggling multiple priorities, from maintaining a healthy lifestyle to ensuring financial stability. But have you ever considered how these two seemingly distinct aspects of life might share common ground? In the latest episode, Mark highlights the intriguing parallels between weight loss and financial planning.
Here’s what we discuss in today’s show:
Understanding both the pros and cons when it comes to different financial products.
Being diligent with saving.
Your financial plan is not just for you, but for your family too.
Reassessing your financial goals as your life circumstances change.
Want to get in touch with Mark? 
Web: https://silverman-associates.com/home
Email: mark@silverman-associates.com
Phone: 520.512.8832

Questions You Might Not Know to Ask About Retirement

Lots ​of ​people ​have ​questions ​about ​their ​retirement, but most ​people ​should ​be ​asking ​about things they don’t know about. In this episode, Mark will give you the questions that can significantly impact your financial future, which is essential for getting on the right track for retirement.
Here’s what we discuss in today’s show:
Figuring out how much you can withdraw from your savings every year.
Considering if you should maintain a life insurance policy when you are retired.
Do you know what you’re paying in fees and what that is getting you?
Want to get in touch with Mark? 
Web: https://silverman-associates.com/home
Email: mark@silverman-associates.com
Phone: 520.512.8832

Opportunities and Challenges in Real Estate Investing

When it comes to retirement planning, real estate often emerges as a popular topic of discussion. If this is something you’ve been curious about, this episode should be very helpful. We’re going to dive into the complexities of real estate and some of the factors you need to consider before making any final decisions.
Join us to learn how to make smarter choices about your real estate investments and retirement planning.
 
Here’s what we discuss in today’s show:
Keeping a sense of perspective on the current mortgage rates.
Challenges with using rental properties as a means to fund retirement.
Diversifying portfolios that have a good amount of real estate holdings.
What is a reverse mortgage and why the complexity and cost make them a less attractive option.
 
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832