Saving With Silverman

Would You Like These Financial Stocking Stuffers?

On today’s Saving With Silverman podcast, Mark shares some of his favorite and not-so-favorite financial stocking stuffers.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-21-would-you-like-these-financial-stocking-stuffers 
 
What we discuss on this show: 
0:45 – Variable annuity
2:02 – Apple stock
2:43 – High yield bonds
3:30 – Whole life insurance policy
5:08 – S&P 500 Index ETF
5:50 – Indexed annuity
7:40 – Long-term care insurance

How To Pick The Right Financial Advisor

On today’s Saving With Silverman podcast, Mark explains how to pick the right financial advisor. Find out why you should invest time in this crucial process.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-20-how-to-pick-the-right-financial-advisor 
 
What we discuss on this show:
1:52 – How to find the right advisor
4:37 - Warning signs
5:53 - When an advisor doesn’t fit you anymore
7:29 – Sticking with the wrong advisor for too long
9:12 - What to look for when choosing an advisor

Financial Challenges for Women

On average, women outlive men and often have more financial struggles later in life. On today’s show we’ll talk about what challenges women face and how to improve their finances.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-19-financial-challenges-for-women 
 
What we discuss on this show: 
1:15 – How involved are women with retirement planning?
3:50 – Why do so many retired women have financial problems?
4:44 – Challenges faced by widowed women
6:10 – Recommendations for husbands
7:41 – Mark shares personal stories

Five Outdated Financial Strategies

Just like technology changes and becomes outdated, so does some retirement planning strategies. Let’s look at five financial strategies that have become obsolete.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-18-five-outdated-financial-strategies 
 
What we discuss on this show:
1:21 - The 4% rule
2:04 - The 10/5/3 rule
2:49 - Move money from stocks to bonds as you get older
4:15 - $1 million retirement target
5:14 - You’ll need less money in retirement

Can You Afford to Live a Long Life?

As life spans continue to increase, so does the need for more money later in life. Find out how to plan financially for a long life.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-17-can-you-afford-to-live-a-long-life 
 
What we discuss on this show: 
1:48 – Our oldest client
2:50 – Why do we talk about longevity as a risk?
4:22 – Why most people haven’t addressed the issue
5:30 – How to help someone worried about running out of money
6:48 – Our 5-step financial planning process

Answers to Common 401K Questions

Are 401K loans a good idea? What about rollovers? How much should I contribute? Get answers to these and other common 401K questions.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-16-answers-to-common-401k-questions 
 
What we discuss on the show: 
0:40 – 401K advice from company reps
1:47 – 401K loans
2:46 – 401K rollovers
3:49 – Target date funds
4:39 – How much should I contribute?
5:54 – Roth vs. Traditional
7:06 – Contact Mark

The Importance of Tax Planning

Let’s talk about tax planning. The subject seems to get ignored by a lot of advisors. We explain why it’s an important conversation to have. 
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-15-the-importance-of-tax-planning 
 
What we discuss on the show: 
2:42 – Roth conversions
3:41 – Social security
5:00 - Required minimum distributions
5:57 – National debt
6:59 – Higher taxes are inevitable
7:52 – Get in touch with Mark

What are the Tax Consequences of Different Accounts?

Different accounts have different types of tax consequences. We’ll explain the advantages and disadvantages of the accounts and how you use them.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-14-what-are-the-tax-consequences-of-different-accounts
 
What we discuss on this episode: 
0:49 – Tax-deferred accounts
1:53 – Tax-free accounts
2:46 – Taxable accounts
3:42 – CDs
4:21 – Life insurance
5:11 – Meet with Mark

Creating Predictable Income in Retirement

What will it take to keep up with your lifestyle and goals in retirement? Income! What are some sources of predictable retirement income and what should you do with it? Let’s explore a topic that everyone feels strongly about.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-13-creating-predictable-income-in-retirement 
 
On today's show: 
1:12 - What retirement incomes do people assume are predictable?
2:43 - Is there really such a thing as “guaranteed income”?
3:45 - What does it look like when you rely too much on the stock market?
4:39 - What do you do with inflation?      
5:39 - How is a reliable income possible to achieve?

Everybody Just Calm Down

Maybe it’s too many months of quarantine, too much cable news or too much social media, but people have a lot of anxiety right now. Mark explains why you should just calm down.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-12-everybody-just-calm-down 
 
On today's show: 
0:46 – Question 1: Money in the bank?
2:36 – Question 2: Money in the market?
3:51 – Question 3: Pay more for a vacation?
5:50 – Question 4: Buy gold?
6:55 – Question 5: Collect social security?