Saving With Silverman

Lesser-Known Facts About Social Security

Social Security is a complex system that impacts nearly everyone’s financial future. Despite its importance, there’s a lot that the average person doesn’t know or understand about it. Today we’re going to explore some of these lesser-known facts so that you can make the most informed decisions for your financial future.
 
Here’s some of what we discuss in today’s show:
What are work credits, and how do they impact Social Security benefits?
How do spousal benefits work, and can non-working spouses receive benefits?
Former spouses who were married for at least 10 years may be eligible to claim benefits based on their ex-spouse's earnings.
What is the earnings test, and how can it affect early Social Security withdrawal?
Your Social Security benefits can be garnished by the federal government.
 
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323

Mailbag: How Much Money In The Emergency Fund? And More!

We’re back with another mailbag episode this week! We have an exciting lineup of topics to discuss today. Colleen asks how much money she should have in her emergency fund. Bonnie asks Mark to explain the basics of estate planning to ensure that her assets are passed on with minimal tax implications. Listen in as we tackle these questions more in today’s episode!
 
Here’s are the questions Mark answers in today’s show:
How much money should I have in my emergency fund and how does this differ from other savings?
I want to ensure my assets are passed on to my children with minimal tax implications. Can you explain the basics of estate planning that I should make sure I have covered?
I owe about $50,000 In my house, and about $45,000 on a rental property that I've had for several years. I have enough cash to pay off one of these but not both. Which one should I pay off?
 
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323
 

Top 6 Financial Topics People Search on Google

A recent study analyzed Google Trends to find out what keywords are being searched the most and it revealed six financial topics that get queried the most. From income taxes to insurance, there’s a pretty good chance that you’ve searched some of these as well.
 
On today’s show, we’ll talk about:
What problems could you run into if you’re relying on Google to do your planning?
Insurance has so many types of policies so you have to be specific when looking.
Searching for mortgages returns a lot of paid content.
Problems you could run into when Googling just retirement accounts.
What people are looking for when they search estate planning.
 
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832
520.618.5323

The Importance of Long-Term Care Coverage

Today we’ll talk about why a lot of people don’t think about the need for long-term care despite the fact that it could be incredibly expensive. Plus, we’ll discuss some of the different options for protecting yourself against the possibility of long-term care needs in retirement.
 
On today’s show, we’ll talk about:
Where long-term care ranks on the list of priorities in retirement planning.
Why most people don’t take long-term care seriously until it affects them.
How realistic is it to self-insure for LTC?
Is long-term care insurance a good policy to have?
Why life insurance is a good option for a lot of people for helping with LTC
 
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
Phone:
520.512.8832

Qualities of Money

Today we're sharing some qualities of money that you need to know as you plan for retirement. For example, do you know what three qualities of money should be represented in nearly every investment plan? Or how about this – what’s the best single investment that achieves all three qualities at once? Stay tuned as we explain what these qualities are and why you need to know this crucial information as you prepare for for financial future. 
 
On today’s show, we’ll share:
What three qualities of money should you find in your investment plan?
Is there a single investment that achieves all three qualities at once?
Examples of different investments that achieve different qualities.
 
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
admin@silverman-associates.com
Phone:
520.512.8832
520.618.5323
 

Important Financial Questions to Consider

Socrates said the unexamined life is not worth living. When it comes to financial planning, it’s important to examine yourself by pondering some of these important questions. Today we’ll get to the heart of the issues.
 
On today’s show, we’ll discuss:
What financial issues keep you up at night?
What do you really desire the most financially speaking?
How much of a risk taker are you when it comes to money?
 
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
admin@silverman-associates.com
Phone:
520.512.8832
520.618.5323

Generational Financial Challenges

No matter what generation you’re from, people of all ages have financial struggles – some more than others. On today’s show, we’ll dive into three generations – Millennials, Generation X, and Baby Boomers to look at the different ways they handle money and what challenges they often face.
 
On today’s show, we’ll share:
What challenges do Millennials face? (1:40)
What challenges does Generation X face? (3:10)
What challenges do Baby Boomers face? (5:00)
 
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
admin@silverman-associates.com
Phone:
520.512.8832
520.618.5323
 
 

Mailbag: Life Insurance Starting Premiums Again, And More

It’s time for another mailbag episode! This episode could be very helpful if you’re looking to improve your financial situation and prepare for retirement. We will discuss what to do if your life insurance policy starts charging premiums again, what to invest in that won’t be so volatile, and when to take Social Security.
Listen in as we tackle some current questions from our listeners, and you’ll likely gain some invaluable insights to help you make informed financial decisions.
 
On today’s show, we’ll share:
Why is my life insurance policy starting premiums again? (1:39)
What can I invest in that won’t be so volatile? (3:35)
Should I take Social Security or withdraw from my retirement accounts? (5:28)
 
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
admin@silverman-associates.com
Phone:
520.512.8832
520.618.5323
 

Who Needs a Financial Advisor? (And Who Doesn’t)

Not everyone needs a financial advisor right away, but some people desperately do. Unfortunately, people can have a hard time understanding which category they fall into. We’ve met with many different clients over the years. During those discussions, we’ve been able to tell who urgently needs our help, who simply needs a little guidance, and who thinks they have it all figured out. Listen to today’s show and find out what financial help you might need at different life stages, as Mark shares some first-hand insights on the benefits of financial planning.   
On today’s show, we’ll share:
Someone who thinks they don’t need an advisor, but they really do. (2:15)
Someone who thinks they need an advisor, but they really don’t. (3:35)
Someone who needs financial planning help but not necessarily investing help. (5:26)
 
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
admin@silverman-associates.com
Phone:
520.512.8832
520.618.5323

Classic Pre-Retiree Mistakes

In the complex world of financial planning, there are countless pitfalls one could fall into as you approach retirement. In this episode, we’ll share some common mistakes we see people make all the time. Avoiding these crucial missteps can have a significant impact on the success of your retirement plan. We'll delve into these key issues and learn how to navigate them effectively when it's your turn to plan for retirement. 
 
Here’s what we’ll discuss on today’s show:
Investing at age 59 the same way that you invested at 39 (1:56)
Starting Social Security without a plan or strategy (3:03)
Focusing on tax preparation, but not tax planning (4:33)
 
Want to get in touch with Mark? 
Web:
https://silverman-associates.com/home
Email:
mark@silverman-associates.com
admin@silverman-associates.com
Phone:
520.512.8832
520.618.5323