S&P 500 or Die? A Case For Diversification

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

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Talkin‘ Politics & Religion Without Killin‘ Each Other

1
David French | Friends or Enemies? Overcoming Divides with Justice, Kindness, and Humility in a Polarized America 1:15:36

for 22 dager siden1:15:36

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1:15:36

In this episode, we welcome back David French, columnist for The New York Times , former constitutional attorney, and author of Divided We Fall . We discuss the current state of American democracy, the challenges of political division, and how we can engage in civil discourse despite deep ideological differences. David also shares a personal update on his family and reflects on the profound trials and growth that come with adversity. 📌 What We Discuss: ✔️ How David and his family navigated the challenges of a serious health crisis. ✔️ The rise of political polarization and the factors driving it. ✔️ Why distinguishing between “unwise, unethical, and unlawful” is crucial in analyzing political actions. ✔️ How consuming different perspectives (even opposing ones) helps in understanding political dynamics. ✔️ The role of Christian values in politics and how they are being redefined. ⏳ Episode Highlights 📍 [00:01:00] – David French’s background and his journey from litigation to journalism. 📍 [00:02:30] – Personal update: David shares his wife Nancy’s battle with cancer and their journey as a family. 📍 [00:06:00] – How to navigate personal trials while maintaining faith and resilience. 📍 [00:10:00] – The danger of political paranoia and the pitfalls of extreme polarization. 📍 [00:18:00] – The "friend-enemy" paradigm in American politics and its influence in Christian fundamentalism. 📍 [00:24:00] – Revisiting Divided We Fall : How America’s divisions have devolved since 2020. 📍 [00:40:00] – The categories and differences of unwise, unethical, and unlawful political actions. 📍 [00:55:00] – The balance between justice, kindness, and humility in political engagement. 📍 [01:00:00] – The After Party initiative: A Christian approach to politics focused on values rather than policy. 💬 Featured Quotes 🔹 "You don't know who you truly are until your values are tested." – David French 🔹 "If we focus on the relational, we can have better conversations even across deep differences." – Corey Nathan 🔹 "Justice, kindness, and humility—if you're missing one, you're doing it wrong." – David French 🔹 "The United States has a history of shifting without repenting. We just move on." – David French 📚 Resources Mentioned David French’s Writing: New York Times David’s Book: Divided We Fall The After Party Initiative – More Info Advisory Opinions Podcast (with Sarah Isgur & David French) – Listen Here 📣 Call to Action If you found this conversation insightful, please: ✅ Subscribe to Talkin' Politics & Religion Without Killin' Each Other on your favorite podcast platform. ✅ Leave a review on Apple Podcasts, Spotify, or wherever you listen: ratethispodcast.com/goodfaithpolitics ✅ Support the show on Patreon: patreon.com/politicsandreligion ✅ Watch the full conversation and subscribe on YouTube: youtube.com/@politicsandreligion 🔗 Connect With Us on Social Media @coreysnathan: Bluesky LinkedIn Instagram Threads Facebook Substack David French: 🔗 Twitter | BlueSky | New York Times Our Sponsors Meza Wealth Management: www.mezawealth.com Prolux Autogroup: www.proluxautogroup.com or www.granadahillsairporttransportation.com Let’s keep talking politics and religion—with gentleness and respect. 🎙️💡…

for ca. et år siden 30:08

MP3•Episoder hjem

Is diversification dead? Over the last decade, putting all your eggs in the S&P 500 basket has outperformed diversified strategies.

In this episode, hear Tyler Emrick, CFA®, CFP®, explore why the U.S. market has been on an unprecedented run, why the global market portfolio hasn't kept up, and whether diversification is really the best move for long-term investors. We dive into the rise of ETFs, global market trends, and why the "SPY or die" mentality might not hold up in the future. Learn why diversification should still be a priority despite the recent performance gap.

Here’s some of what we discuss in this episode:

Taught diversification is fundamental to the investing process.
Why diversification has been a bad idea for the last decade.
The reasons why people would want to move beyond the S&P 500.
The changes globally that have impacted investing.

Have questions?

Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.

http://bit.ly/calltruewealth

168 episoder

#Trading #Business #Business News #News #Careers #Kevin Kroskey CFP® Tyler Emrick CFA® #CFA® CFP® #Kevin Kroskey #Tyler Emrick

S&P 500 or Die? A Case For Diversification

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

23 subscribers

published for ca. et år siden

Del

MP3•Episoder hjem

Is diversification dead? Over the last decade, putting all your eggs in the S&P 500 basket has outperformed diversified strategies.

Here’s some of what we discuss in this episode:

Taught diversification is fundamental to the investing process.
Why diversification has been a bad idea for the last decade.
The reasons why people would want to move beyond the S&P 500.
The changes globally that have impacted investing.

Have questions?

Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.

http://bit.ly/calltruewealth

168 episoder

#Trading #Business #Business News #News #Careers #Kevin Kroskey CFP® Tyler Emrick CFA® #CFA® CFP® #Kevin Kroskey #Tyler Emrick

Alle episoder

1
Don’t Panic: Navigating Market Downturns and Boosting After-Tax Returns 30:03

for 4 dager siden30:03

30:03

If the recent market drop has you feeling uneasy, you’re not alone — but sharp swings are regularities you need to navigate. The S&P 500 and Nasdaq have both taken hits this year, but history shows that intra-year declines like these are common and something long-term investors have weathered time and again. In this episode, Tyler Emrick, CFA®, CFP®, breaks down recent market moves, highlights where diversification is working, and shares how tax strategies and disciplined rebalancing can help keep your investment strategy running smoothing and financial plan on track. Here’s some of what we discuss in this episode: 📉 Market pullbacks are normal—even healthy 📊 Diversification is your protection in volatile times 🔁 Rebalancing can improve long-term returns 💸 Tax-loss harvesting can create future tax benefits 🧠 Discipline beats emotion when markets get rocky Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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The Next Big Tax Shake-Up: How a New Tax Bill Could Impact You 27:22

for 18 dager siden27:22

27:22

Big tax changes could be coming soon! On February 25, the House passed a budget resolution setting a $4.5 trillion cap for a new tax bill that could replace the Tax Cuts and Jobs Act (TCJA) before it expires at the end of 2025. But what will the new law look like, and how will it impact your financial plan? In this episode, Tyler Emrick, CFA®, CFP®, breaks down the key debates in Congress, what changes might be coming, and how you can prepare now to optimize your tax strategy. Here’s some of what we discuss in this episode: 📉 TCJA Expiration in 2026 – What happens when the current tax cuts expire? ⚖️ New Tax Bill Proposals – The biggest changes lawmakers are considering 💰 How to Prepare – What you should do now before changes take effect ⏳ Why Timing Matters – Waiting too long could cost you thousands 📊 Tax Planning for Retirement – Strategies to minimize your tax burden Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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The Advisor Premium: More Than Just Investment Management 36:18

for 5 weeks siden36:18

36:18

Are you leaving money on the table? For families weighing their options when choosing a financial advisor, Vanguard’s Advisor Alpha study has long been the go-to guide—and now, fresh research from SmartAsset echoes the sentiment that the right advisor could boost your net returns by over 2% annually. In this episode, Tyler Emrick, CFA®, CFP®, reveals why many advisors miss that extra edge and how True Wealth Design’s holistic approach—integrating smart investments, proactive tax strategies, and comprehensive financial planning—ensures you capture every opportunity. Here’s some of what we discuss in this episode: New study puts annual financial advisor value premium at more than 2%. The idea that your advisor should be both offensive and defensive in their approach to planning. What differentiates ourselves when someone decides to get serious about managing some aspect of their financial life. The four areas that most families come to us for help. What happens when someone reaches out to us and how does the process begin? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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Home Sweet Retirement: A Guide to Your Perfect Retirement State 29:22

for 7 weeks siden29:22

29:22

Retirement isn’t just about your savings—it’s also about where you choose to live. In this episode, Tyler Emrick, CFA®, CFP®, explores WalletHub’s 46-factor framework for ranking states for retirees, examining everything from tax rates and cost of living to leisure opportunities and healthcare access. We also unpack the key financial and personal considerations, such as state taxes on Social Security and the importance of staying close to loved ones. Tune in for practical insights to help you pick the retirement destination that fits your lifestyle and financial goals. Here’s some of what we discuss in this episode: The 46 different factors related to well-being in retirement and how they can help you pick a state to live. Moving to a lower-tax state doesn’t always result in lower taxes on deferred income. Weighing all the different financial factors that will directly impact your retirement. The soft factors that could make the difference when it comes to enjoying retirement. Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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Money, Memory, and Longevity: Navigating Retirement Challenges 25:34

for 10 weeks siden25:34

25:34

Can money really buy a longer, healthier life? In this episode, Tyler Emrick, CFA®, CFP®, dives into the surprising connection between wealth and longevity, uncovering how financial freedom can unlock better health, reduced stress, and more fulfilling retirement years. We also tackle the challenges of cognitive decline, exploring its impact on financial decision-making and how a trusted financial advisor can help safeguard your investments and create a solid aging plan to spend smarter, plan better, and protect your legacy as you age. Here’s some of what we discuss in this episode: Wealth can unlock many benefits for retired clients. The four components of an ‘aging plan’ to help people as they experience cognitive decline. Aging and the impact of cognitive decline on investment decisions. What studies tell us about the value of financial advisors as people age. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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Big Changes to Social Security 22:19

for 12 weeks siden22:19

22:19

The Social Security Fairness Act is shaking up the retirement landscape, eliminating the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) for millions of retirees. These long-standing provisions have impacted Social Security benefits for public sector workers like teachers, firefighters, and police officers—until now. In this episode, hear Tyler Emrick, CFA®, CFP® dive into what the changes mean, how retirees can expect retroactive payments, and the broader impact on the Social Security system. Here’s some of what we discuss in this episode: Background on the Social Security Fairness Act that was signed into law on January 5. The Windfall Elimination Provision (WEP) and Government Pension Offsets (GPO) reduce regular Social Security benefits. Affected retirees stand to gain significant financial relief. The benefits come with a cost so what it does it mean for the long-term solvency? Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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The Case for Patience: Why Waiting for Social Security Pays Off 31:43

for 15 weeks siden31:43

31:43

In this episode, Tyler Emrick, CFA®, CFP®, explores the key financial and psychological factors driving early Social Security claims. Discover how a well-optimized strategy could boost your lifetime spending by more than 10%. Your Social Security decision isn’t just about dollars and cents—it’s a critical piece of your retirement puzzle. Join us to learn how to sidestep common pitfalls, maximize your benefits, and secure a more confident, fulfilling retirement. Here’s some of what we discuss in this episode: What research and stats tell us about the benefits that get left on the table. What’s the motivation behind the decision to claim early. Will Social Security still be around when it’s time for you to claim? What if President Trump stops taxes on Social Security? The benefits of waiting to take it later in life. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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Part 3: The Long and Short on Tax-Aware, Long-Short (TALS) Investing 37:43

for 17 weeks siden37:43

37:43

Remember in 2022 when both stocks and bonds fell in lockstep? Did you think diversification failed? Want to build a more diversified, resilient portfolio to better grow and protect your hard-earned dollars? Hear Kevin Kroskey, CFP®, MBA discuss how the TALS strategy adds unique sources of returns to your portfolio outside of traditional stocks and bonds. Here’s some of what we discuss in this episode: How this strategy helps with asset allocation and tax efficiency. The strategy involves long and short positions in a basket of stocks. Who are the clients that would benefit the most from this? Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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Part 2: The Long and Short on Tax-Aware, Long-Short (TALS) Investing 48:43

for 19 weeks siden48:43

48:43

Have a sizable brokerage account? Have unrealized capital gains? Pay income taxes at the highest rates? Want to pay your fair share but no more? If so, this is an episode not to miss. In part 1 of this series, Kevin Kroskey, CFP®, MBA explored why adding the TALS strategy may yield significant investing and tax benefits. He described how TALS can help you defer, avoid, and potentially eliminate your capital gains. For the most successful investors that meet the definition of an SEC Qualified Purchaser, generally one with $5m+ of investments, there is another leg to the TALS strategy that can help you solve your ordinary income tax problems too. Whether derived through your business or from non-business income such as wages, interest, non-qualified dividends be sure to tune in and listen closely. Here’s some of what we discuss in this episode: Why should you care about this investing strategy? The tax benefits to TALS and the keys to smart trading and executing. Applications of how realizing capital losses can be beneficial. The TALS separately managed account and limited partnerships strategy. Learn more about tax strategies and tax-aware investing here: https://www.truewealthdesign.com/part-2-the-long-and-short-on-tax-aware-long-short-tals-investing/ Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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Part 1: The Long and Short on Tax-Aware, Long-Short (TALS) Investing 45:24

for 20 weeks siden45:24

45:24

For successful investors and high-income earners, this is an episode not to miss... Sure, you can own an S&P 500 ETF or mutual fund. You could also own the 500 stocks individually, a strategy nowadays called direct indexing. Direct indexing aims to capitalize on individual stock volatility and add tax benefits by harvesting losses. Or you may choose to go a step farther up the complexity ladder to own the 500 stocks individually with a tax-aware, long-short overlay. Let's call that TALS for short. Here you expect to obtain the return of the S&P 500, add an extra return from the overlay, increase diversification, and provide significantly more tax benefits than direct indexing. It's a mouthful, but it sure sounds good! Have a sizable brokerage account? Have unrealized capital gains? Be sure to listen to Kevin Kroskey, CFP®, MBA explore why adding the TALS strategy can help solve these good problems to have. Here’s some of what we discuss in this episode: The Q4 focus for our clients and an office update. These strategies are bit more complex so they broadly apply more for successful investors. The risks associated with TALS. The 3 key building blocks for this strategy. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth Tax-Loss Harvesting: Wall Street’s New Strategy Cuts Rich Americans' Bills – Bloomberg - https://www.bloomberg.com/news/features/2024-10-24/tax-loss-harvesting-wall-street-s-new-strategy-cuts-rich-americans-bills Watch Wall Street Finds Another Workaround With Taxes, Losses – Bloomberg - https://www.bloomberg.com/news/videos/2024-10-25/wall-street-finds-another-workaround-with-taxes-losses-video…

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S&P 500 or Die? A Case For Diversification 30:08

for 22 weeks siden30:08

30:08

Is diversification dead? Over the last decade, putting all your eggs in the S&P 500 basket has outperformed diversified strategies. In this episode, hear Tyler Emrick, CFA®, CFP®, explore why the U.S. market has been on an unprecedented run, why the global market portfolio hasn't kept up, and whether diversification is really the best move for long-term investors. We dive into the rise of ETFs, global market trends, and why the "SPY or die" mentality might not hold up in the future. Learn why diversification should still be a priority despite the recent performance gap. Here’s some of what we discuss in this episode: Taught diversification is fundamental to the investing process. Why diversification has been a bad idea for the last decade. The reasons why people would want to move beyond the S&P 500. The changes globally that have impacted investing. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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Upcoming Tax Changes and How You Should Plan for Them 34:29

for 24 weeks siden34:29

34:29

The clock is ticking on the 2017 Tax Cuts, and big changes are looming. In this episode, Tyler Emrick, CFA®, CFP®, breaks down the complexities of the 2017 Tax Cuts and Jobs Act and its upcoming expiration in 2025. We dive into the original intent behind these cuts, what changes were made, and the impact on your bottom line. Learn how the expiration could lead to a significant tax hike unless new legislation is passed. We highlight key strategies—like maximizing retirement accounts under lower rates and leveraging deductions—so you can prepare for the changes on the horizon. Here’s some of what we discuss in this episode: Recapping the details around the 2017 Tax Cut and Jobs Act. Why were tax changes needed in the first place? The permanent change that took place and the ones that will revert back in 2026. How the income tax brackets break down. The tax deduction was substantially increased and maximizing itemized deductions. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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Is the Fear of Running Out of Money in Retirement Overblown? 28:12

for 27 weeks siden28:12

28:12

This episode explores the disconnect between retirement expectations and reality, referencing a recent Gallup report that shows most retirees live comfortably despite fears about running out of money. Hear Tyler Emrick, CFA®, CFP®, discuss why non-retirees may be more fearful than needed, the role of Social Security, and how age-based spending patterns contribute to the relative success of sustaining a retirement lifestyle. And be sure to pay attention to how working with the right financial advisor can help you achieve financial independence earlier (data suggests up to three years earlier) by measuring and modeling your current spending and retirement goals more appropriately. Here’s some of what we discuss in this episode: Why is there a disconnect between retirement expectations and more positive outcomes? More people depend on Social Security for their retirement income than they expected to. The disconnect in spending when people get into retirement. A good advisor can help clients gain confidence and overcome their healthy sense of doubt. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth Check out the Social Security episode referenced in this show: https://www.truewealthdesign.com/social-security-timing-reframing-your-thinking-for-better-decision-making/…

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Untangling The New Required Minimum Distribution (RMD) Rules 28:48

for 29 weeks siden28:48

28:48

Over the last few years, significant changes have been made to how retirement accounts are managed after death, especially with new RMD rules. In July, the IRS issued its new Final Regulations regarding the SECURE Act’s provisions. In this episode, hear Tyler Emrick, CFA®, CFP®, break down the key provisions, including the 10-Year Rule for beneficiaries and updates to RMD timelines, and how these changes impact your retirement and estate planning. Here’s some of what we discuss in this episode: What the SECURE Act changed when it passed in 2019 and what’s been updated since? Which accounts are impacted by this and how does it impact taxes and estate planning? Who are designated beneficiaries and what are the differences between eligible and non-eligible? The 10-year rule for inheriting these accounts and what you need to know. The new RMD rules that will begin in 2025. Additional rules dealing with the surviving spouse, successor beneficiaries, and RMD ages. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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What Really Matters In Retirement? Six Lessons from One Retiree 28:45

for 31 weeks siden28:45

28:45

In this episode, Tyler Emrick, CFA®, CFP®, reviews the rich insights from Fritz Gilbert's blog post, "Six Lessons From Six Years of Retirement." Exploring the complexities of retirement that go beyond financial concerns, highlighting how true fulfillment often lies in navigating the non-financial aspects of this life stage. Join us as we unravel the lessons that can guide you to a more satisfying retirement. Here’s some of what we discuss in this episode: Background on The Retirement Manifesto Blog and the blog post we’re discussing. The complexity of non-financial issues and why these lead to our true happiness. Your retirement will be different than you expect. Retirees find that their priorities change as they move through retirement. Retirement can be the best years of your life but it’s up to you. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

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Buffered ETFs: Market Downside Protection? Are They Right for You? 35:09

for 33 weeks siden35:09

35:09

There is no such thing as a free lunch – or is there? Discover the world of buffered ETFs, a fast-growing segment in financial markets designed to offer investors defined outcomes with built-in downside protection. In this episode, hear Tyler Emrick, CFA®, CFP®, dive into the mechanics, benefits, and potential drawbacks of these complex financial instruments. And be sure to listen to the comparisons of buffered ETFs against traditional investment options and how each may fit (or not) in your diversified investment strategy. Here’s some of what we discuss in this episode: The rapid growth we’ve seen in Buffer ETFs. Defining and explaining the Bufffer ETF or Defined Outcome ETF. Why are investors using these and what are the benefits compared to structured notes and annuities? What you need to know that they aren’t telling you. Our overall feelings on this investment and whether they work in a long-term portfolio. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

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No Budget Needed 28:10

for 36 weeks siden28:10

28:10

In this episode, hear Tyler Emrick, CFA®, CFP®, discuss why meticulous budgeting isn’t necessary for most people approaching retirement. Discover how understanding your lifestyle spending and anticipating future changes can lead to more effective financial planning. Learn about the "Retirement Spending Smile" concept and why focusing on your lifestyle expenses is more beneficial than a line-by-line budget. Plus, we’ll explore how your financial advisor should be helping you monitor spending against your goals. Here’s some of what we discuss in this episode: The common perception of budgeting and why a detailed budget might not be necessary. What areas of your expenses should you be focused on? The importance of identifying and understanding the spending associated with your lifestyle. Anticipating how your lifestyle will change in retirement and how that will impact expenses. Check out our interview with retirement researcher Dr. David Blanchett: Part 1 - https://www.truewealthdesign.com/ep-101-interview-with-retirement-researcher-dr-david-blanchett-part-1/ Part 2 - https://www.truewealthdesign.com/ep-102-interview-with-retirement-researcher-dr-david-blanchett-part-2/ Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

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How To Navigate Markets In An Election Year 29:39

for 38 weeks siden29:39

29:39

It's almost Election Day in the US, and opinions are flying. But should elections sway your long-term investment strategy? Find out in this episode as Tyler Emrick, CFA®, CFP®, cuts through the political noise exploring historical market performance in past election years and Presidential terms. Sharing how you can use this data to set your emotions aside and make more informed investment decisions. Here’s some of what we discuss in this episode: Elections provide a great degree of uncertainty, which can cause emotional and usually illogical behavior. What market returns have looked like for election years dating back to 1928. The market’s performance the month that the election took place. A look at the annualized returns during US Presidential terms. What can YOU control? Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

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Social Security Timing: Reframing Your Thinking For Better Decision-Making 30:05

for 40 weeks siden30:05

30:05

Our brain uses mental shortcuts to help us solve problems. While they can be quite helpful, in some areas they may harm our decision-making. Social Security claiming is often one of these negatively impacted areas. In this episode, hear Tyler Emrick, CFA®, CFP®, discuss the mental shortcuts (aka cognitive biases) at play when deciding to take your Social Security benefits. Being cognizant and acting with a more prudent decision-making process will likely help you realize a better outcome and improved retirement. Here’s some of what we discuss in this episode: Optimism and pessimism bias can skew our judgments when making decisions. Present bias and temporal discounting. In the context of Social Security, this means favoring smaller payments now over larger payments later, a decision that can significantly impact long-term financial health. The anchoring effect is another critical bias discussed. This occurs when individuals rely too heavily on the first piece of information they encounter—such as the earliest age they can claim Social Security—making it challenging to adjust their plans with new information. Tyler explains the concept of delayed retirement credits and how Social Security benefits are designed to be actuarially equivalent, regardless of when you start claiming them. How Social Security is uniquely impacted by inflation and interest rates. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Effective Estate Planning: Tips to Make Sure The Process Goes Smoothly And Money Goes Where You Intend 28:37

for 42 weeks siden28:37

28:37

Estate planning is about more than just wealth distribution—it’s about peace of mind. In this episode, Hear Tyler Emrick, CFA®, CFP®, cover the fundamentals to start or update your estate planning journey. We’ll discuss how your financial advisor is best to guide the process while your attorney ensures legal alignment. Working together makes the journey better for you and more likely at your intended destination while reducing risks of unnecessary taxes, legal costs, and family conflicts. Here’s some of what we discuss in this episode: A story about how a lack of estate planning could derail everything you hoped to leave your loved ones. What we need to begin crafting the financial aspects of your estate plan. The role your advisor plays versus what the attorney will do. Tax considerations you need to be aware of so that you can ensure more wealth is passed along. The many benefits to estate planning. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

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The Disappearing Act of Retiree Health Benefits – What Options Do You Have? 39:12

for 44 weeks siden39:12

39:12

Employer-provided retiree health benefits are quickly becoming obsolete. KFF’s latest survey reveals a sharp decline in large employers offering these benefits, leaving individuals to seek other solutions. Hear Tyler Emrick, CFA®, CFP®, explore your options. Whether you are worried about age 65—either retiring before or after—or have a business, we have you covered. Plus, we'll highlight potential trouble spots and important deadlines you need to know. Don’t navigate this shift alone—tune in for expert guidance. Here’s some of what we discuss in this episode: What the trends tell us about employer-sponsored coverage, including retiree health benefits. Understanding the different healthcare options you might have along with the pros and cons: COBRA, Market Place, MEWA Plan, Health share plans, Private health insurance, and Medicare. The trouble spots for retirees planning for health care. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Retirement "Magic Numbers" Make Little Sense 39:44

for 46 weeks siden39:44

39:44

In this episode, Tyler Emrick, CFA®, CFP®, explores why targeting a "magic number" of retirement savings falls well short of good retirement planning. Yet, why do people often focus on this? Is it because this survey data is regularly done and widely in the media – with the magic number now at a record high of $1.46 million – or something more? Here’s some of what we discuss in this episode: The amount of money investors believe they need to retire has increased dramatically and is exceeding the current pace of inflation. What has been the driving force behind the increase? Why you should be careful when using a magic number. The financial items you should be focusing your attention on instead. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Real Estate, Taxes, & College Oh My! 59:11

for 49 weeks siden59:11

59:11

We welcome Kevin Kroskey, CFP®, MBA, back in action, joining Tyler Emrick, CFA, CFP®, on this potpourri-type episode. Hear Kevin's perspective on the last episode, coming changes in the residential real estate market, and why they will be good for consumers. He'll also share some lessons learned from this tax season and differences between tax-only clients and clients who receive coordinated tax and wealth management services. Hear Tyler share recent client stories from new clients about the issues and ramifications of not coordinating financial, legal, and tax matters properly. And be sure to listen at the end when they discuss the recently released college ranking, called "A First Try at ROI". This study and the resulting calculator look at the cost outlays for 4,500 colleges and the ROI – return on investment – in earnings over time. Is the Ivy league worth the cost (if your child can get in)? What about a pricey private school vs. a public in-state one? And who had a wiser decision-making process for their college selection – Kevin or Tyler. That and more on this episode of Retire Smarter. See the rankings here: https://cew.georgetown.edu/cew-reports/collegeroi/ Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Historic Changes To The Residential Real Estate Industry Will Be Good For You (And Are Similar To Changes Occur-ring In Financial Advice) 30:32

for 51 weeks siden30:32

30:32

Gone are the days of 6% commissions when selling a home!? Well, sort of. In this episode, we unpack the $418 million proposed settlement that will likely reshape the real estate industry. While change creates winners and losers, consumers will generally be winners as the industry wheat will further separate from the chaff. Hear Tyler Emrick, CFA®, CFP®, reflect on similarities to the financial planning industry's evolution from stock traders to advisors, from selling products to providing advice. The changes have been positive for consumers, and there's still plenty of chaff to remove. To help you better identify the chaff, Tyler discusses advisory services that stand out and deliver more value to you for the dollars you pay. Here’s some of what we discuss in this episode: Background on the lawsuit and subsequent agreement for the National Association of Realtors (NAR). The argument being made against real estate agents. How this compares to past legislation in the financial planning industry. The details of the agreement and how it might change fees and services. The similarities to the financial planning industry and why there’s been a move towards a holistic approach. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
How to Avoid A Surprise Bill at Tax Time 29:28

for 1 year siden29:28

29:28

When it comes to finances, paying a big bill at tax time is the worst. Worse yet, is if that bill comes as a surprise because your CPA, Investment Professional, and Financial Planner were not on the same page. In this episode, Tyler Emrick, CFA®, CFP®, sheds light on traditional culprits that cause nasty surprises at tax time. Whether it is capital gain distributions, higher interest rates, or under-withholding on your income we cover it all on today’s episode of Retire Smarter. Here’s some of what we discuss in this episode: Interest rates have increased ordinary income and what most Americans are used to being taxed on. Investment considerations to factor in that will impact taxes. Stats on capital gain distributions and better investment options for tax purposes. Sometimes you are under-withholding taxes on your income so what should you change? Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Smarter Ways To Financially Help Your Children & Grandchildren 32:24

for 1 year siden32:24

32:24

So, what are smarter ways to save or gift to your family? In this episode listen to Tyler Emrick, CFA®, CFP® discuss how to gift wisely, be supportive of and not inhibit responsible financial behaviors, utilize intra-family loans, and optimize benefits for your family today and into the future. Here’s some of what we discuss in this episode: What the statistics tell us about how closely tied parents and young adult children are emotionally and financially these days. Some smart ways to gift to your children and grandchildren. Best practices for opening and saving into a 529 account and the mistakes you need to avoid. Why you might choose to use a custodial account or Roth account instead of a 529 plan. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
How Risky of An Investor Are You? 36:49

for 1 year siden36:49

36:49

In this episode, Tyler Emrick, CFA®, CFP®, takes a deep dive into the world of risk. Is filling out a simple questionnaire sufficient? How about telling your advisor, "I'm moderately conservative?" Don't these seem fuzzy at best? Hear how your perceived risk and diversification may differ – sometimes substantially – from mathematical reality. And be sure to listen in to how Tyler and the team at True Wealth can help you more appropriately find the right risk level, which probably should change over time, to best align your money to achieve your goals. Here’s some of what we discuss in this episode: Risk applies to everyone we work with so there are no exceptions when it comes to this topic. What are the general rules for risk that the industry follows? The True Wealth Design process for building a plan and determining risk. How diversification and market conditions are used to construct a portfolio. What ongoing portfolio management should you be doing to manage risk as you move through life? Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
What Do Clients Value Most in A Financial Advisor? 31:28

for 1 year siden31:28

31:28

In this episode, we investigate the pivotal points that clients continually express genuinely matter when seeking financial guidance. Hear Tyler Emrick, CFA®, CFP®, explore the deeper aspects of working with a Financial Advisor and how they hold significance when choosing and continuing to work with a financial professional. Here’s some of what we discuss in this episode: How a conversation with his wife sparked the idea for this show for Tyler. How we get feedback from our clients to help us evaluate our service. Where does an advisor add specific value to a client? Tyler will share a few specific things that people want from their advisor. The many different designations advisors have and a breakdown of which ones you should pay attention to. How important are returns? Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
How to Plan for RMDs (Required Minimum Distributions) 28:32

for 1 year siden28:32

28:32

In this podcast, hear Tyler Emrick, CFA®, CFP®, delve into the often misunderstood world of Required Minimum Distributions (RMDs). Join us as we uncover the essential strategies and tips to help you navigate RMDs and make informed decisions for a secure and fulfilling retirement. Whether you’re new to RMDs or seeking to optimize your distribution strategy, this podcast is your go-to resource for mastering the art of income and distribution planning. Here’s some of what we discuss in this episode: An explanation of SECURE Act 2.0 and the legislation that was passed. A high-level overview of Required Minimum Distributions and how to calculate them. Highlighting the key changes brought about by the SECURE Act. What planning opportunities does this present? Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
New Year’s Resolutions – Better Yet Goals for Financial Success In 2024 28:21

for 1 year siden28:21

28:21

Each year, about two-thirds of Americans plan on making a financial-related New Year’s resolution for the year ahead, with just over 80% of them bailing on that resolution before January ends. Don’t bail on your financial resolution! Join us on this episode of Retire Smarter as Tyler Emrick, CFA®, CFP®, gives easy and actionable suggestions for what financial goals should be a part of your financial New Year’s resolution to overcome the odds and put yourself in a better financial situation in 2024. Here’s some of what we discuss in this episode: Personal finances can be overwhelming, which is why so many people make it a priority to start the year. Start with getting a handle on where your money is going. Why it’s important to revisit your investment strategy. Don’t overlook the housekeeping items that sometimes get forgotten. Identify where you want to go and then build goals that help you achieve that. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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