Saving With Silverman

What We Wish You Knew About the Financial Industry

As a financial professional, there are things that Mark wishes everyone knew and understood about the financial industry. Today he’s going to share some of the tricks that sometimes get played and how to spot them.
 
What we discuss in this episode: 
0:56 – Tricks
3:06 – Fees
3:50 – Risk potential
5:13 – Credentials
7:02 – Taxes
 
Read more: https://silverman-associates.com/saving-with-silverman-podcast

How Delayed Gratification Can Help Your Finances

Delayed gratification is a difficult skill to master and that’s just as true with financial matters as it is in the other areas of your life. Let’s talk about some instances where you might be faced with a choice of being satisfied now or satisfied later.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-46-how-delayed-gratification-can-help-your-finances
 
What we discuss in this episode: 
1:00 – Budget vs. 401k match
2:26 – Deduction vs. tax planning
4:18 – Social Security

How to Deal with Financial Stress in Retirement

Psychologists have determined that retirement is the 10th most stressful event that you can experience in life. Today we’re sharing some ways to proactively deal with that stress.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-45-how-to-deal-with-financial-stress-in-retirement 
 
What we discuss in this episode: 
1:06 – Lifestyle changes
2:08 – Retiring earlier or later
3:01 – New challenges
3:53 – Keep options open
4:50 – Sense of perspective

Mailbag: Gifts to Children, Money After Retirement, Hiring Advisors

In today’s mailbag, we’re answering your questions. Carl wants to know if he can gift $150,000 to his daughter. Laura wonders what she should do with her money after retirement. And Eddie is debating whether to hire a financial advisor.
 
Read more and get additional financial information: https://silverman-associates.com/saving-with-silverman-podcast/ep-44-mailbag-gifts-to-children-money-after-retirement-hiring-advisors
 
What we discuss: 
0:33 – Gifting money to daughter
2:37 – Roll to an IRA?
4:05 – Hire an advisor?

Manufactured Anxiety or Worth the Worry?

Let’s talk about some of the red flags that people can look out for when they’re shopping for a financial advisor. Have you ever met with one of these types?
 
Read more and get additional financial information: https://silverman-associates.com/saving-with-silverman-podcast/ep-43-manufactured-anxiety-or-worth-the-worry
 
What we discuss: 
1:00 – Social Security going broke?
2:47 – National debt out of control?
3:34 – Climate change a serious problem?
4:43 – Economy grind to a halt?
5:49 – Stock market crash coming?

Red Flags with Questionable Advisors

Let’s talk about some of the red flags that people can look out for when they’re shopping for a financial advisor. Have you ever met with one of these types?
 
Read more and get additional financial information: https://silverman-associates.com/saving-with-silverman-podcast/ep-42-red-flags-with-questionable-advisors
 
What we discuss: 
0:51 – Hammer
2:51 – Oxygen hog
3:55 – Car trunk
5:39 – Empty suit
6:41 – Non-answerer
8:48 – Just give us your money

Moving on From Investing Mistakes

Almost everyone has made investment mistakes at some point. We’ll share how to bounce back from mistakes and avoid making them again in the future.
 
Read more and get additional financial information:
https://silverman-associates.com/saving-with-silverman-podcast/ep-41-moving-on-from-investing-mistakes
 
What we discuss: 
0:58 – What caused it?
2:07 – Increase savings
3:09 – Recalibrate your goals
4:42 – Get a real plan in place

Mailbag: Long-Term Care Insurance, Inheritance, and Pension Options

Today we’re opening the mailbag and taking your questions about long-term care insurance, inheritance, and pension options. Is it OK to rely on a promised inheritance? What should you do if you’re too young to retire but are losing your job? We will discuss all of this today. 
 
Read more and get additional financial information: https://silverman-associates.com/saving-with-silverman-podcast/ep-40-mailbag-long-term-care-insurance-inheritance-and-pension-options
 
What we discuss: 
0:44 – Long-term care insurance
2:21 – Pension options
3:59 – Retirement money

Universal Truths in Retirement Planning

There are certain retirement planning principles that apply to everyone, regardless of who you are, how much money you have when you’re retiring, or where you live. We are going to discuss some of these universal principles and what you can learn from them.   
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-39-universal-retirement-truths
 
What we discuss on this episode: 
1:00 – Income plan
2:09 – Long-term care
4:06 – Timing the stock market
5:32 – Longevity

Why and When to Rebalance Your Portfolio

We talk about financial planning all the time, but plans aren’t concrete. You need to have some flexibility as the years pass. Today, we’ll share how to rebalance your portfolio and why it’s important.  
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-38-why-and-when-to-rebalance-your-portfolio 
 
What we discuss on this episode: 
0:47 – Rebalancing
2:04 – How often to rebalance
2:49 – Younger versus older
3:30 – Investment vehicles
4:28 – How long Mark has been doing this work
5:33 – Personal story