Saving With Silverman

Retirement on the Gridiron

Today’s show combines two fun topics – finances and football. Believe it or not, planning for your financial future has some similarities to the sport of football.
In retirement planning, some people try to be successful without having a coach at all. Others keep the same coach that they’ve had for years, even though things aren’t working out with him. 
We’ll explain why you need to design a portfolio that puts you in victory formation.
 
On this episode, we’ll share:
Why mistakes in the financial red zone are so costly. (2:17)
Why the hurry-up offense is a bad idea for your finances. (4:45)
Why you need to stop worrying about the victory formation with your money. (6:22)
 
For more, visit us online: https://silverman-associates.com/ 

Mailbag: No Taxes In Retirement, And More

We’re opening up the mailbag today to answer your questions. We got a lot of good feedback, including questions about taxes in retirement, using investments to pay for a car and more.
 
If you have a question, you can submit it on our website. There’s a high likelihood you’ll hear your question answered on air. We’d love to hear from you.
 
On today’s show, we’ll share:
Do you have to pay taxes in retirement? (0:37)
Can I take money from investments to pay for a car? (1:45)
Is Social Security going bankrupt? (4:01)
 
For more, visit us online: https://silverman-associates.com/ 

The Cost of Doing Business

If you have a financial advisor or are thinking about getting one, you might be wondering how we are paid. There are several different ways that financial advisors can be paid, but which way is the best for you?
 
Other than fees paid to an advisor, what are some of the other costs that you might encounter in the financial world? We’ll explain some of the things you need to know about finances and your financial advisor.
 
On today’s show, we’ll share:
How are financial advisors paid? (2:03)
What are the pros and cons to paying advisors? (3:24)
Other than fees, what are some other costs? (5:34)
 
For more, visit us online: https://silverman-associates.com/ 

Curing Financial Diseases

The doctor is in, and we’re here to share some common financial diseases and how they can affect you. From “Inflation-itis” to “Old Fogey’s Disease,” we can spot the trouble areas in your financial life.
 
Whether you suffer from “Acute Portfolio Riskopathy” or “Nursing Home-Atosis,” we are here to help.
 
On today’s show, we’ll share:
What the causes of Acute Portfolio Riskopathy are and why you need to understand your goals. (2:07)
What the cure for Old Fogey’s Disease is and why you need to plan for the future so you’re not a burden to your family. (3:58)
 
For more, visit us online: https://silverman-associates.com/ 

The Retirement Golf Course

What can the game of golf teach us about retirement planning? How does hitting a hole-in-one correlate to your finances? And how is a caddy like a financial planner?
 
We’ll answer these and other questions on today’s show. If you love golf and getting your money and retirement in order, today’s show is for you.
 
On today’s show, we’ll share:
Why a hole-in-one is not what you want to shoot for in your finances. (1:55)
Why having a lot of clubs in your bag is like having different financial investments. (3:19)
Why you should listen to your caddy, just like you should listen to a good financial advisor. (4:35)
 
For more, visit us online: https://silverman-associates.com/ 

How to Have a Scandal-Free Retirement

If you take a close look at most folks’ financial situations, you’ll find that it’s almost scandalous how badly their financial matters have been handled. Let’s talk about the steps you should take to create a scandal-free retirement.
 
From consumer debt to leaky budgets, we’ll explain what you can change to have a scandal-free retirement.
 
On today’s show, we’ll share:
Why you need to impeach consumer debt, such as credit cards. (1:48)
How to find the leaks in your spending plan and stop them. (2:57)
How to obstruct catastrophic market losses, which can be deadly to your finances. (3:54)
 
For more, visit us online: https://silverman-associates.com/ 

Your First Visit with a Financial Advisor

Some people are nervous about the idea of meeting with a financial advisor because they don’t know what to expect.
 
Will they be sold something they don’t need? Will they be chastised for not handling their money well enough up to that point? We’ll take some of the mystery out of that first visit on this episode.
 
On today’s show, we’ll share:
How to get prepared for your first visit with a financial advisor. (1:37)
Do financial advisors ever have to be stern with their clients? (3:09)
The questions advisors ask clients that they didn’t expect. (4:20)
 
For more, visit us online: https://silverman-associates.com/ 

Are You Flirting With Financial Disaster?

Let’s talk about some of the areas of your financial life where you might be flirting with disaster and don’t even know it. Disaster and retirement are not two words you want to be associated with each other. 
 
Key topics on this episode: 
2:41 – Widowed spouse out of the loop
5:40 – Market crash forces work
7:37 – Family legacies and long-term care
9:16 – Social Security
 
For more, visit us online: https://silverman-associates.com/ 

Cognitive Biases That Could Influence Your Retirement Planning

Cognitive biases are fascinating, especially as it relates to money. Find out what these biases are and how to implement more rational thinking into your financial life.
 
Key topics on this episode: 
0:58 – Self-serving bias
3:05 – Curse of knowledge
4:27 – Dunning-Kruger effect
6:52 – Naïve realism
8:25 – Confirmation bias
 
For more, visit us online: https://silverman-associates.com/saving-with-silverman-podcast 

Financial Proverbs That Can Help You

We made a list of some financial proverbs that we thought might be able to help you in your financial situation. Find out what you can glean from these wise words.
 
Key topics on this show: 
2:39 – Bird in the hand
4:02 – Rising tide
4:38 – Eggs in one basket
5:43 – One man’s trash
 
For more financial information, visit us online: https://silverman-associates.com/saving-with-silverman-podcast