Saving With Silverman

Facing Your Financial Fears

What is your biggest financial fear? There are some very common ones. We’ll explain how to help people address these fears in their retirement plan.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-37-facing-your-financial-fears 
 
What we discuss on this episode: 
0:45 – Running out of money
2:17 – Nursing home care
3:18 – Taxes
4:40 – Relying on kids
5:22 – Advisors

The Retirement Marathon

Getting through retirement can be a lot like running a marathon. We’ll share some of the similarities on this episode so you can make sure you training is on track.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-36-the-retirement-marathon 
 
What we discuss on this episode:
0:53 – Planning and preparation
2:45 – Proper diet
4:13 – Don’t start too fast

How to Avoid Emotional Decision-Making with Your Finances

On today’s Saving With Silverman podcast, Mark Silverman CFP® explains why you never want to make emotional decisions about your money.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-35-how-to-avoid-emotional-decision-making-with-your-finances 
 
What we discuss on this episode: 
1:28 – Types of emotion
3:18 – Mistakes
4:21 – Taking emotions into account
6:25 – Math and emotional needs
8:05 – Introductory phone call

Famous Last Words in the Financial World

Today we’re talking about famous last words. In the financial world, there are several famous last words that you don’t want to be your last.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-34-famous-last-words-in-the-financial-world 
 
What we discuss on this episode: 
0:47 – Keep doing what I’m doing
2:57 – Cash
4:20 – Living past 75
5:34 – Don’t want a nursing home
7:08 – I can always go back to work

Social Security Misunderstandings

Today we’re talking about Social Security misunderstandings. People are often confused about how it works and how it will work for them.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-33-social-security-misunderstandings 
 
What we discuss on this episode: 
0:47 – Going broke
2:12 – Starting Social Security early
2:59 – Delaying Social Security
4:16 – Social Security Administration
4:52 – You don’t have to pay taxes

Diversification - What Is It, and Why Do You Need It?

On today’s Saving With Silverman podcast, Mark Silverman CFP® explains diversification. Most people we talk with don’t even understand what it is or why it’s important. Some people think it’s just a mutual fund or a ton of different mutual funds.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-32-diversification-what-is-it-and-why-do-you-need-it  
 
What we discuss on this episode: 
0:39 – Defining diversification
1:28 – How much emphasis
3:09 – How Mark defines it
4:18 – Too diversified
5:28 – Making portfolios better

The Types of Financial Risk

On today’s Saving With Silverman podcast, Mark Silverman CFP® explains some of the different types of financial risks that people have in their portfolios and how to be on the lookout for it.
 
Read more and get additional financial resources here: 
 
What we discuss on this episode: 
0:52 – Market risk
2:05 – Interest rate risk
2:58 – Inflation risk
3:57 – Health care risk
5:26 – Longevity risk

Don’t Make These Estate Planning Mistakes

Some people don’t care about leaving a financial legacy to their family, but for those who do, it’s important to eliminate some of the common estate planning mistakes. We’ll explain what they are.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-30-dont-make-these-estate-planning-mistakes 
 
What we discuss on this episode: 
2:35 – Failing to plan for expenses
3:49 – Failing to update beneficiaries
5:12 – Failing to avoid conflict and litigation
6:37 – Transferring real estate
8:06 - Taxes

Watch Out for These Weaknesses in Your 401k Plan

On today’s Saving With Silverman podcast, Mark Silverman CFP® explains why your 401k is far from perfect as a retirement savings tool. This also applies to your 403b, TSP or 457 plans.
 
Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-29-watch-out-for-these-weaknesses-in-your-401k-plan 
 
What we discuss on this episode: 
1:00 – Administrative costs
2:10 – Mutual funds
3:34 – Limited asset classes
4:25 – Subpar conservative investments

5 Financial Tips for Your Final Decade of Work

The final decade of your working life is crucial to your success in retirement. We’ll explain why you need to know your numbers and how flexibility is key to winning with money.
 
Read more and get additional financial resources: https://silverman-associates.com/saving-with-silverman-podcast/ep-28-5-financial-tips-for-your-final-decade-of-work 
 
What we discuss on this episode: 
1:19 – What’s important?
2:44 – Knowing your numbers
4:40 – Estimate your income streams
6:37 – Health care
8:40 – Be flexible