Most of Paul’s podcasts are based on facts but in this podcast he shares 30 plus minutes of the feelings he has about retiring to San Miguel de Allende, Mexico. Paul, and his wife, Zan, fell in love with San Miguel within 24 hours of landing in Mexico. The trip started as an attempt to find a little sun and see something besides the ocean cities of Mexico. The trip ended 10 days later with the decision to buy a home and eventually retire, at least part of the year, in San Miguel. In this rambling podcast Paul discusses the lifestyle, the beauty, the relationship and the costs of living in San Miguel.
In this sixth podcast in his series, Stacy continues addressing hurdle #2, “I lack the money”, and suggests that by making rather than receiving interest payments, many people find themselves making someone else rich rather than themselves. Stacy cites data that shows while many people’s debt load is forcing them to make financial sacrifices, many of America’s millionaires became wealthy by living below their means and shying away from debt. Stacy offers steps to begin overcoming hurdle #2 and have more money at the end of the month to save and invest.
In this podcastPaul explains his decision to make a very different approach to rebalancing. Many of the details he mentions can be found in his recent article on MarketWatch.com. While the past does not guarantee the future, his recommendation could leave investors with an additional 1% a year, without taking significantly more risk. Paul invites your comments and questions on this subject. Thumbs up or thumbs down?
This podcast was motivated by an email exchange in which Paul tries to motivate an investor to consider a simple change that might add almost 1/2 percent a year. The response to his suggestion is one of the biggest challenges educators and advisors have: "You are probably right but I'm happy where I am." Paul's concern is that most investors don't really understand the impact of the 1/2 percent difference.
While many people think budgets are a good idea, many people struggle in realizing their financial goals. In this podcast, Stacy Gary acknowledges that budgets require discipline and offers a framework for keeping the big picture things in focus when approaching budgeting. Download accompanying pdf below.
This is one of the most common questions Paul receives. He discuss an email that ends (after a lot of detail), "What would be the best way for us to continue to grow the value of our investments for now and to generate income with potential continued growth upon retirement?" In other words, "What should I do now?" Paul offers listeners a handful of articles, podcasts and books that will prepare you to answer some of the biggest financial questions of your life: How much should I have in stocks and bonds? What stocks and bonds should I own? How much do I need to retire? How much should I take out of my investments in retirement? What do I need to know about my investments to plan for retirement?
Working from a list of 20 football facts, Paul finds similarities between investing and playing football. How would you like to be the financial planner for a client who has a life expectancy of 55? You may be interested in the financial future of football players vs. software developers. Plus, he compares your tax advantages to those of the National Football League.
Paul explains why to have bonds in your portfolio and the best ways to get invested if you are afraid of losing money in a rising interest rate market. This should be one of the easiest of all investing decisions but, with all the worry about inflation and higher interest rates, many investors are paralyzed. The answer is simple for those who are pure buy and holders, and simple for those who want to apply a little market timing. Paul addresses both groups, but concludes that very simple is not necessarily very easy.
This podcast discusses my approach to dealing with all the theatrics and challenges of the recent weeks. I have received lots of emails wanting my response to the idea of selling everything until we know the outcome of the recent political stalemate. I know exactly what to do. Do you? If not, I hope this podcast will help.
Active managers of mutual funds want investors to stop their massive move to index funds. Anytime the S&P 500 outpaces actively managed funds, experts suggest that actively managed funds should start doing better. They fail to mention that their suggestion to move to actively managed funds is a market timing recommendation. In the next breath they say they don't believe in market timing. One thing that makes index investing so effective is that investors no longer have to play the game of "where should I move next?" Listen and learn what this can mean for you.
Do the big brokerage firms really think we don't notice all the fines and penalties they pay to stay in business? Do they think we don't know who pays the fines in the end? Yup, their clients. How ethical and competent is your advisor, your advisor's firm, and the products the firm approves? If any one of these three fail to meet this test, it can cost you years of diligent saving. If you have a friend who is still trapped in the unethical and sometimes incompetent area of the financial community, I suggest you send them a link to this podcast, along with a link to a free copy of my eBook, Get Smart or Get Screwed.
This week's podcast wraps up a brief discussion for first-time investors about hurdle #1, "its too complicated". It dives deeper into a common perception that saving and investing take "so much effort" to get started. Guest podcaster, Stacy Gary, has created a helpful picture outlining common things that make the effort seem so great and he offers three principles and an action item to help you overcome this hurdle. Download the accompanying pdf here.
This week's podcast continues the series, "Overcoming Three Hurdles to Saving and Investing for the Beginning Investor." Stacy Gary highlights why Roth 401k and Roth IRA options are favorites for long-term saving and investing. A one-page pdf, detailing out key differences between 401k and IRA options, accompanies the podcast.
In this second in a series from Paul's guest, Stacy Gary, you will learn the single most-essential element every beginning investor must know, no matter what your age. Now's the time to overcome Hurdle #1: "it's too complicated," and get started on the road to saving and building your wealth. Stacy Gary is passionate about helping people launch their financial future by getting started on their saving and investing journey. He specializes in making complex concepts easy to understand and act on. He holds an MBA from the University of Washington, a master's degree in Communication, and has the heart of a teacher.
Paul Merriman is pleased to present guest podcaster, Stacy Gary, MBA and independent consultant. In this first in a series of new podcasts on "Saving and Investing for Beginners," Stacy Gary identifies the major hurdles. If you (or someone you know) has yet to begin saving and investing for the future, this podcast will help you recognize and overcome the resistances and justifications. The time is now to start your journey toward sound investing for your future. You can do it!
In last week's Sound Investing podcast, Paul Merriman discussed fixed distributions for retirement funds. This podcast continues the important subject of retirement distributions, offering a variable, or flexible, distribution strategy. To fully grasp how this works, and how money flows with this strategy, please go to http://paulmerriman.com/
How To Maximize Distributions in Retirement
(Part I of 2)
Continuing in the series of "the most important decisions" investors need to make, this podcast helps you decide how to take distributions for retirement. How do you know when you have enough money to retire? What is your distribution strategy? How can you safely take money out of investments without outliving your money? To really enjoy retirement, you want peace of mind in knowing that you've chosen the right path to maximize and enjoy your lifestyle. This is the first of two podcasts about distributions. It focuses on a fixed distribution strategy for a person or couple retiring without a lot of extra money. Next week's podcast will offer a different way of taking money out of investments for those who've saved more than they need for retirement.
TIP: To get the most out of this podcast, please download and print out the Distribution Tables (http://paulmerriman.com/
How much risk should you be taking? How do you decide how much of your portfolio you want for growth, and how much for safety? The great news is the past has taught investors how to improve returns while reducing risk. This Sound Investing podcast is can help you make one of the biggest decisions of your investment career. We suggest that you download and print the Fine Tuning Table (at http://paulmerriman.com/fine-
This is the second in a series of podcasts I consider the most important questions for investors. The first was "The Ultimate Buy and Hold Strategy," in which I identified the asset classes every equity investor should have in their portfolio. The question now is: how do you invest in those asset classes most efficiently? This podcast addresses those types of mutual funds you should know about – specifically Index Funds, – and considers the pros and cons