Welcome To The Podcast
We all have some things we would have liked to differently in hindsight, especially as it relates to our finances. That might be especially true in 2020 as we all deal with difficult circumstances due to COVID-19. Here are some things we might hear about our planning decisions in hindsight.
Read more and get additional financial resources here: https://pffirm.com/2020/10/hindsight-in-20-20-in-financial-planning/
What we discuss on this show:
3:42 – I got scared after the market crashed and put my money in cash. Now I’ve missed the big run up in the market.
6:50 – I didn’t realize how much risk I was taking on.
9:30 – I didn’t understand my options with Social Security and I should have waited to start taking it later.
11:17 – I should have put more money into a Roth IRA rather than saving so much in my 401k.
13:45 – I probably retired too early and I might need to go back to work.
15:36 – Mailbag question: I’m getting a big tax refund and have for the last several years. Am I better off keeping more money throughout the year?
Show Notes & More Episodes
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.