Welcome To The Podcast
This week, we look a bit more in depth at the Dalbar Report to see what key factors cause investors to frequently underperform the market. Find out how you can use the findings from the Dalbar Report to make smart decisions with your money in this uncertain, volatile time.
Show Notes:
Website: PFfirm.com
Phone Number: 904-285-4489
Show Notes & More Episodes
Is Your Portfolio Underperforming the Market?
This week, we look a bit more in depth at the Dalbar Report to see what key factors cause investors to frequently underperform the market. Find out how you can use the findings from the Dalbar Report to make smart decisions with your money in this uncertain, volatile time.
What the Dalbar Report Tells Us About Market Timing & Investor Behaviors
Many people think it's possible, with the right information or the right guidance, to time the market. Chris turns to the Dalbar Report to give us a look into the stock market history and how emotional decisions and attempts to time the market have panned out for investors over the last several decades.
What Is A Roth Conversion And Should You Use it?
The idea of a Roth conversion is intriguing to a lot of people, and for some people it can be a great strategy to enact. Let’s explore the concept…
What You Need To Know About The CARES Act
The CARES Act provides relief to individuals and small businesses struggling financially due to the coronavirus health crisis but how does it affect you directly. Let's look at five of the key provisions and explain why they are important to your financial plan.
How To Choose Health Savings Accounts
There's a lot of confusion out there surrounding Health Savings Accounts. Chris will talk about how you can become eligible for a health savings account as well as how to choose the account that's right for you. He'll also give you a tip on hidden Medicare taxes that you might not be aware of, and give you his take on a recent tax-related executive order.
Long Term Care Needs
Does your retirement plan include the potential costs of long-term care? Are you unsure if you need to even plan for long-term care? On this episode, Chris will discuss some essential facts about long term care and what that means for you. But first, he'll dive into some surprisingly affordable retirement destinations in the Caribbean, as mentioned in USA Today.
Win Retirement
What does it mean to "win" in retirement? Chris will show you how removing uncertainty in three key areas of your portfolio will bring you closer to a worry-free retirement where you can focus on what really matters to you. He'll also discuss his perspective on wealth in relation to recent news events, and later he'll get into some listener-submitted questions.
Mega Backdoor Roth IRAs
You've probably heard about various types of Roth IRAs, but Chris will introduce you to the Mega Backdoor Roth IRA and discuss how this can be an amazing tool for folks whose income does not allow them to contribute to a Roth IRA. Later on, get some insight into pension options, as well as the dangers of variable annuities.
How Do You React To Market Corrections?
Anytime the market is moving in a downward direction, or even just wavering, we see people react in various ways. Take a listen to see if you identify with one of these common reactions to market corrections. Do you over-trade as a response? Do you stick your head in the sand or run around like a chicken with your head cut off? We’ll give you ways you can avoid becoming your worst enemy and show you how to keep particular emotions and reactions in check during times of market turmoil.
Dangers Of Overlooking Inflation
Overlooking inflation is an easy thing to do. It happens, typically, slowly. You don't notice it immediately, but after a while it can dramatically change the face of your financial plan. Chris will tell us some of the things we need to know when it comes to accounting for inflation in our plans.
Taking Your First Financial Steps
Building a financial plan is overwhelming. However, it's less daunting to focus on taking your first financial steps. Learn where to begin.
Risky But Popular Investments
Cryptocurrencies, precious metals and other hot stocks are risky but popular investments. Discover whether they have a place in your portfolio.
Making Bad Financial Assumptions
Be careful of making assumptions about certain areas of your financial plan. Some of these assumptions could be correct, but they could just as likely be wrong.
Investment Lessons From TV Show ‘Billions’
Learn about investing from the hit TV show 'Billions.' Find out why market timing simply doesn't work.
Don’t Overpay In Taxes
Chris recently helped a couple alleviate their tax burden. Find out how, and make sure you don't overpay in taxes.
The Merits Of ETFs Versus Mutual Funds
ETFs and mutual funds appear to be similar investing vehicles. Does it matter in which you choose to invest? Chris Patterson explains.
Debunking Some Of The Worst Financial Myths
Financial myths can get you in trouble if you let them lead you astray. Join us as we debunk some of these tall tales.
Important Things You Should Know About 401k Rollovers
401k rollovers are useful tools for allowing you more investment options and alleviating your tax bill. Learn how to complete a 401k rollover.
Independent Advisor Versus Brokerage Firm: What’s The Difference?
Chris gives us an honest perspective on what it's like to work with an independent advisor versus a large brokerage firm. What are the advantages and disadvantages?
Investment Philosophies
Passive and tactical investment philosophies can lead to the creation of a sound portfolio when properly implemented. Just make sure they're in balance.
A Volatility Buffer
A sound financial plan will generate income throughout your retirement. However, if your portfolio is solely linked to the stock market, you could find yourself without a paycheck during a market correction. Develop a volatility buffer that will protect your income needs.
The 5 Steps To A Tax-Free Retirement
Having a tax-free retirement should be a major goal of every retiree. Chris will walk us through the five steps you can take to achieving a tax-free retirement.
Tax Code Changes & Market Volatility
Tax code changes could be affecting the stock market. In the inaugural episode of The Tax-Free Zone, we'll analyze the potential connection between the two, and Chris will give us his top takeaways on recent financial news.