Saving With Silverman

Predictable Income

Is there really such a thing as having predictable, guaranteed income in retirement? Maybe the question is really “guaranteed by whom?” In this episode, we’ll discuss some of the retirement income sources that people might view as predictable but really aren’t certain.
 
On today’s show, we’ll share:
Is predictable, guaranteed income in retirement really a thing? (1:35)
What are some examples of predictable income? (2:19)
Why you need a diversified portfolio. (3:09)
 
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
 
 

Dealing With The Death Of A Spouse

Today’s topic may be a difficult one to consider, but it is a very important one at the same time. If you were to lose your spouse, what steps should you take to manage your finances? In today’s episode, we are going to share some real-life examples and cover the most common questions and challenges we’ve seen clients face after losing a loved one.
 
On today’s show, we’ll share:
What are the main questions people ask after their spouse dies? (1:16)
What are the immediate challenges people face after their spouse dies? (2:47)
We share a story about a widowed spouse who was left in a difficult position. (4:50)
 
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
 

Financial Wisdom From Yogi Berra

Yogi Berra was a sports icon and one of the most quotable people to ever live. And when we look at some of his quotes through the right prism, they can teach us some lessons about financial planning. In today’s episode, we’ll have a little fun with some of these quotes to see what financial wisdom we can pull from them.
 
On today’s show, we’ll share:
I never said most of the things that I said. (2:05)
A nickel ain’t worth a dime anymore. (3:39)
When you come to a fork in the road, take it. (5:37)
 
Want to get in touch with Mark? 
Web: https://silverman-associates.com/ 
Phone: 520.512.8832
Email: mark@silverman-associates.com
 

Things You Think You Know, But Probably Don’t

When it comes to financial planning, it’s OK to admit that you don’t know the answer to something. The real danger is thinking you know the answer to something when you actually have it all wrong. 
 
Today we’re discussing some of the things people think they know, but in reality they really don’t. Even with all the information that’s available to us everyday, there are still plenty of aspects of finances and retirement planning that can be confusing and hard to process. So let’s try to sort some of that out on this episode and help level up your financial knowledge.
 
On today’s show, we’ll share:
How much income you’ll need in retirement. (2:12)
When to jump in or out of the market. (4:14)
Whether to have life insurance and how much. (5:26)
 
Want to get in touch with Mark? 
Web: https://silverman-associates.com/ 
Phone: 520.512.8832
Email: mark@silverman-associates.com

Black Swan Events

Last year was a rough year in the market, but it’s hard to attribute it to any one particular trend. It was more a confluence of various factors. On today’s show, we’ll review some of the absolute worst days, weeks and years in market history, what caused them and what we learned.
 
On today’s show, we’ll share:
What happened on Black Tuesday? (2:03)
How did the Dot Com crash affect us? (2:41)
What happened when the markets reopened on Sept. 17, 2001? (3:30)
 
Want to get in touch with Mark? 
Web: https://silverman-associates.com/ 
Phone: 520.512.8832
Email: mark@silverman-associates.com

Mailbag - Giving Up On A Trip To Save Money, And More

It’s time for another mailbag episode, and we have some great topics to discuss. This episode could really help if you’re looking to improve your financial situation and prepare for retirement.
We will discuss whether to take expensive trips, how to prevent your children from having hurt feelings over your will and when to pay extra on your mortgage. Listen to hear some of the questions our listeners have, and maybe you’ll gain some valuable knowledge from our answers!
 
On today’s show, we’ll share:
Should I take this expensive trip? (2:12)
What’s the best way to keep my kids from having hurt feelings over my will? (4:01)
Should I pay extra toward my mortgage? (5:32)
 
Want to get in touch with Mark? 
Web: https://silverman-associates.com/ 
Phone: 520.512.8832
Email: mark@silverman-associates.com

How Does Generosity Fit Into Planning?

When you think about the word “generosity,” what comes to mind? Maybe money or time spent helping others. We’ve all known generous people in our lives – and those who didn’t have this trait – but generosity can take many forms.
 
On today’s show, we’ll share some examples of generosity and how that can work with your overall financial plan.
 
On today’s show, we’ll share:
What does it mean to be generous? (1:36)
An example of a naturally generous person. (3:05)
Do some people give away too much money? (3:44)
 
Want to get in touch with Mark? 
Web: https://silverman-associates.com/ 
Phone: 520.512.8832
Email: mark@silverman-associates.com

Cash Is … King?

Almost everyone likes the idea of a healthy bank account. But can there be too much of a good thing?
 
We’ll explain some of the common reasons people want cash on hand and why it might be counterproductive to have too much in your checking or savings account.
 
On today’s show, we’ll share:
What are some common needs for cash? (0:54)
How much cash should I have? (2:17)
Why do some people keep so much cash? (2:52)
 
Want to get in touch with Mark? 
Web: https://silverman-associates.com/ 
Phone: 520.512.8832
Email: mark@silverman-associates.com

All About Roth Conversions

The idea of a Roth conversion is intriguing to a lot of people. For some, it can be a great strategy to enact, but others might not know what it is.
Today we’ll share what a Roth conversion is, why it’s worth considering and some common mistakes we see people make with them.
 
On today’s show, we’ll share:
What is a Roth conversion? (2:17)
Why is a conversion helpful for people who make a lot of money? (5:11)
What common mistakes do people make with Roth conversions? (6:13)
 
Want to get in touch with Mark? 
Web: https://silverman-associates.com/ 
Phone: 520.512.8832
Email: mark@silverman-associates.com

Key Characteristics of a Good Financial Advisor

Today we’re chatting about the characteristics of financial advisors. Everyone has different personalities, but what should you look for in an advisor? How much should likeability and listening skills play into the person you choose?
How much emphasis do you place on things like trust, areas of expertise, and the ability to solve problems? You want to find someone who resonates with you and can help you build a strong financial future.
On today’s show, we’ll share:
How do you develop trust with a financial advisor? (0:54)
How much should likeability and rapport play into the relationship? (2:19)
What kind of credentials should you look for when choosing an advisor? (3:49)
For more, visit us online: https://silverman-associates.com/