Investing can feel like a battle between two polar opposites within us, the rational and the emotional, just like the classic story of Dr. Jekyll and Mr. Hyde. This week, Dr. Jekyll and Mr. Hyde are our model investors, and we’re talking you through the spooky story of the risks, emotions, and rational strategies involved in long-term investing.  **** 📬 Download your Free <a href= "https://www.financialsymmetry.com/pre-retirement-checklist/">Retire On Purpose Guide here</a>.  📰 See the <a href= "https://www.financialsymmetry.com/adapting-the-financial-playbook-for-different-life-eras-ep-226/">full show notes here</a> 🌐 <a href= "https://retirementpodcastnetwork.ck.page/rpn-weekly">Sign up here to receive Retirement Weekly</a> to get one email every week on all things retirement **** Outline of This Episode <ul> <li>[03:06] Dr. Jekyll and Mr Hyde's wildly different investment strategies </li> <li>[06:00]Strategies that help mitigate emotional reactions during elections and global crises </li> <li>[07:38] Balancing short-term market volatility with a long-term investment perspective</li> <li>[10:37] How to stay aligned with long-term goals in the face of market downturns</li> <li>[13:28] Diversification to manage risk in an investment portfolio</li> <li>[14:17] Psychological factors that cause investors to feel more confident during market upswings</li> <li>[15:35] Automating your investment and savings strategy to prevent emotional decision-making</li> </ul>

<description>&lt;p&gt;Investing can feel like a battle between two polar opposites within us, the rational and the emotional, just like the classic story of Dr. Jekyll and Mr. Hyde.&lt;/p&gt; &lt;p&gt;This week, Dr. Jekyll and Mr. Hyde are our model investors, and we’re talking you through the spooky story of the risks, emotions, and rational strategies involved in long-term investing. &lt;/p&gt; &lt;p&gt;****&lt;/p&gt; &lt;p&gt;📬 Download your Free &lt;a href= "https://www.financialsymmetry.com/pre-retirement-checklist/"&gt;Retire On Purpose Guide here&lt;/a&gt;. &lt;/p&gt; &lt;p&gt;📰 See the &lt;a href= "https://www.financialsymmetry.com/adapting-the-financial-playbook-for-different-life-eras-ep-226/"&gt;full show notes here&lt;/a&gt;&lt;/p&gt; &lt;p&gt;🌐 &lt;a href= "https://retirementpodcastnetwork.ck.page/rpn-weekly"&gt;Sign up here to receive Retirement Weekly&lt;/a&gt; to get one email every week on all things retirement&lt;/p&gt; &lt;p&gt;****&lt;/p&gt; &lt;p&gt;Outline of This Episode&lt;/p&gt; &lt;ul&gt; &lt;li&gt;[03:06] Dr. Jekyll and Mr Hyde's wildly different investment strategies &lt;/li&gt; &lt;li&gt;[06:00]Strategies that help mitigate emotional reactions during elections and global crises &lt;/li&gt; &lt;li&gt;[07:38] Balancing short-term market volatility with a long-term investment perspective&lt;/li&gt; &lt;li&gt;[10:37] How to stay aligned with long-term goals in the face of market downturns&lt;/li&gt; &lt;li&gt;[13:28] Diversification to manage risk in an investment portfolio&lt;/li&gt; &lt;li&gt;[14:17] Psychological factors that cause investors to feel more confident during market upswings&lt;/li&gt; &lt;li&gt;[15:35] Automating your investment and savings strategy to prevent emotional decision-making&lt;/li&gt; &lt;/ul&gt; &lt;h2&gt; &lt;/h2&gt;</description>

Investing can feel like a battle between two polar opposites within us, the rational and the emotional, just like the classic story of Dr. Jekyll and Mr. Hyde. This week, Dr. Jekyll and Mr. Hyde are our model investors, and we’re talking you through...

Are You Living This Retirement Horror Story? Ep #227

Reaching your financial goals builds confidence and peace of mind, which are essential for making informed decisions that benefit your entire family. In this episode, we’re following a fictional pop culture couple from newlywed to pre-retirement, to demonstrate how their thought process around an emergency fund could evolve with their changing circumstances. Join us as we lay out a case study of planning that helps them balance their accessible wealth with a healthy emergency fund. **** 📬 Download your Free <a href= "https://www.financialsymmetry.com/pre-retirement-checklist/">Retire On Purpose Guide here</a>.  📰 See the <a href= "https://www.financialsymmetry.com/adapting-the-financial-playbook-for-different-life-eras-ep-226/">full show notes here</a> 🌐 <a href= "https://retirementpodcastnetwork.ck.page/rpn-weekly">Sign up here to receive Retirement Weekly</a> to get one email every week on all things retirement

<description>&lt;p&gt;Reaching your financial goals builds confidence and peace of mind, which are essential for making informed decisions that benefit your entire family.&lt;/p&gt; &lt;p&gt;In this episode, we’re following a fictional pop culture couple from newlywed to pre-retirement, to demonstrate how their thought process around an emergency fund could evolve with their changing circumstances.&lt;/p&gt; &lt;p&gt;Join us as we lay out a case study of planning that helps them balance their accessible wealth with a healthy emergency fund.&lt;/p&gt; &lt;p&gt;****&lt;/p&gt; &lt;p&gt;📬 Download your Free &lt;a href= "https://www.financialsymmetry.com/pre-retirement-checklist/"&gt;Retire On Purpose Guide here&lt;/a&gt;. &lt;/p&gt; &lt;p&gt;📰 See the &lt;a href= "https://www.financialsymmetry.com/adapting-the-financial-playbook-for-different-life-eras-ep-226/"&gt;full show notes here&lt;/a&gt;&lt;/p&gt; &lt;p&gt;🌐 &lt;a href= "https://retirementpodcastnetwork.ck.page/rpn-weekly"&gt;Sign up here to receive Retirement Weekly&lt;/a&gt; to get one email every week on all things retirement&lt;/p&gt; &lt;p&gt; &lt;/p&gt; &lt;p&gt; &lt;/p&gt;</description>

Reaching your financial goals builds confidence and peace of mind, which are essential for making informed decisions that benefit your entire family. In this episode, we’re following a fictional pop culture couple from newlywed to pre-retirement, to...

The Evolution of your Emergency Fund, Ep #226

Retirement, a phase many of us anticipate for a long time, comes with its own set of financial intricacies. Specifically, how do you effectively withdraw funds from your savings to ensure a comfortable, sustainable, and tax-efficient lifestyle?  A well-crafted retirement blueprint is essential. This plan should outline your long-term goals and the steps needed to achieve them. More importantly, your financial plan should be flexible enough to accommodate life's unexpected expenses, such as healthcare costs or home repairs. Revisiting and updating your blueprint annually—or when significant life changes occur—can help ensure you stay on track. In this episode, we’re sharing the essential steps to develop a retirement withdrawal plan that caters to your needs. We dig into which accounts to draw from, how to minimize taxes, and how to manage unexpected expenses. You'll also learn about advanced strategies like Roth conversions, tax-loss harvesting, and the benefits of Qualified Charitable Distributions and Donor-Advised Funds. *********** 📬 Download your Free <a href= "https://www.financialsymmetry.com/pre-retirement-checklist/">Retire On Purpose Guide here</a>.  📰 See the <a href= "https://www.financialsymmetry.com/how-to-avoid-common-pitfalls-in-your-retirement-withdrawal-strategy-ep-225/">full show notes here</a> 🌐 <a href= "https://retirementpodcastnetwork.ck.page/rpn-weekly">Sign up here to receive Retirement Weekly</a> to get one email every week on all things retirement *********** Outline of This Episode <ul> <li>[5:06] Your options for retirement tax strategies</li> <li>[8:32] Utilize early years to make strategic financial moves</li> <li>[11:30] Plan your retirement for peace of mind</li> <li>[17:12] Lower RMDs with Roth conversions and reduce the tax impact</li> <li>[19:42] Consider tax loss harvesting, capital gains, heirs' basis</li> <li>[21:30] Use a QCD to reduce taxable income</li> <li>[26:12] Exploring blind spots in retirement withdrawal strategies </li> </ul>

<description>&lt;p&gt;Retirement, a phase many of us anticipate for a long time, comes with its own set of financial intricacies. Specifically, how do you effectively withdraw funds from your savings to ensure a comfortable, sustainable, and tax-efficient lifestyle? &lt;/p&gt; &lt;p&gt;A well-crafted retirement blueprint is &lt;em&gt;essential&lt;/em&gt;. This plan should outline your long-term goals and the steps needed to achieve them. More importantly, your financial plan should be flexible enough to accommodate life's unexpected expenses, such as healthcare costs or home repairs. Revisiting and updating your blueprint annually—or when significant life changes occur—can help ensure you stay on track.&lt;/p&gt; &lt;p&gt;In this episode, we’re sharing the essential steps to develop a retirement withdrawal plan that caters to your needs. We dig into which accounts to draw from, how to minimize taxes, and how to manage unexpected expenses. You'll also learn about advanced strategies like Roth conversions, tax-loss harvesting, and the benefits of Qualified Charitable Distributions and Donor-Advised Funds.&lt;/p&gt; &lt;p&gt;***********&lt;/p&gt; &lt;p&gt;📬 Download your Free &lt;a href= "https://www.financialsymmetry.com/pre-retirement-checklist/"&gt;Retire On Purpose Guide here&lt;/a&gt;. &lt;/p&gt; &lt;p&gt;📰 See the &lt;a href= "https://www.financialsymmetry.com/how-to-avoid-common-pitfalls-in-your-retirement-withdrawal-strategy-ep-225/"&gt;full show notes here&lt;/a&gt;&lt;/p&gt; &lt;p&gt;🌐 &lt;a href= "https://retirementpodcastnetwork.ck.page/rpn-weekly"&gt;Sign up here to receive Retirement Weekly&lt;/a&gt; to get one email every week on all things retirement&lt;/p&gt; &lt;p&gt;***********&lt;/p&gt; &lt;h2&gt;Outline of This Episode&lt;/h2&gt; &lt;ul&gt; &lt;li&gt;[5:06] Your options for retirement tax strategies&lt;/li&gt; &lt;li&gt;[8:32] Utilize early years to make strategic financial moves&lt;/li&gt; &lt;li&gt;[11:30] Plan your retirement for peace of mind&lt;/li&gt; &lt;li&gt;[17:12] Lower RMDs with Roth conversions and reduce the tax impact&lt;/li&gt; &lt;li&gt;[19:42] Consider tax loss harvesting, capital gains, heirs' basis&lt;/li&gt; &lt;li&gt;[21:30] Use a QCD to reduce taxable income&lt;/li&gt; &lt;li&gt;[26:12] Exploring blind spots in retirement withdrawal strategies &lt;/li&gt; &lt;/ul&gt; &lt;p&gt; &lt;/p&gt;</description>

Retirement, a phase many of us anticipate for a long time, comes with its own set of financial intricacies. Specifically, how do you effectively withdraw funds from your savings to ensure a comfortable, sustainable, and tax-efficient lifestyle? ...

How to Avoid Common Pitfalls in Your Retirement Withdrawal Strategy, Ep #225

Retirement planning is a delicate process, and you need to carefully consider your various income streams, including Social Security benefits. For those of us who plan to continue working while claiming Social Security, it’s important to understand how this decision can impact the monthly benefits you receive.  In this episode, we’re sharing how to avoid financial shocks in retirement. We discuss the essentials of earned income, the reduction in benefits due to excess earnings, and specific scenarios such as spousal and ex-spouse benefits.  **** 📬 Download your Free <a href= "https://www.financialsymmetry.com/pre-retirement-checklist/">Retire On Purpose Guide here</a>.  📰 See the <a href= "https://www.financialsymmetry.com/the-financial-benefits-and-drawbacks-of-working-during-retirement-ep-224/">full show notes here</a> 🌐 <a href= "https://retirementpodcastnetwork.ck.page/rpn-weekly">Sign up here to receive Retirement Weekly</a> to get one email every week on all things retirement Outline of This Episode <ul> <li>[1:08] Social Security benefits may be impacted if you work while claiming</li> <li>[04:27] How retirement financial planning strategies vary by individual circumstances</li> <li>[07:17] Earnings affect Social Security benefits before retirement</li> <li>[11:51] Your spouse's income doesn't affect your Social Security</li> <li>[15:18] SSA withholds payments until excess income is accounted for</li> <li>[18:44] Social Security timing advice</li> <li>[20:04] Seek financial advisor help to make an educated decision about retirement </li> </ul>

<description>&lt;p&gt;Retirement planning is a delicate process, and you need to carefully consider your various income streams, including Social Security benefits. For those of us who plan to continue working while claiming Social Security, it’s important to understand how this decision can impact the monthly benefits you receive. &lt;/p&gt; &lt;p&gt;In this episode, we’re sharing how to avoid financial shocks in retirement. We discuss the essentials of earned income, the reduction in benefits due to excess earnings, and specific scenarios such as spousal and ex-spouse benefits. &lt;/p&gt; &lt;p&gt;****&lt;/p&gt; &lt;p&gt;📬 Download your Free &lt;a href= "https://www.financialsymmetry.com/pre-retirement-checklist/"&gt;Retire On Purpose Guide here&lt;/a&gt;. &lt;/p&gt; &lt;p&gt;📰 See the &lt;a href= "https://www.financialsymmetry.com/the-financial-benefits-and-drawbacks-of-working-during-retirement-ep-224/"&gt;full show notes here&lt;/a&gt;&lt;/p&gt; &lt;p&gt;🌐 &lt;a href= "https://retirementpodcastnetwork.ck.page/rpn-weekly"&gt;Sign up here to receive Retirement Weekly&lt;/a&gt; to get one email every week on all things retirement&lt;/p&gt; &lt;h2&gt;Outline of This Episode&lt;/h2&gt; &lt;ul&gt; &lt;li&gt;[1:08] Social Security benefits may be impacted if you work while claiming&lt;/li&gt; &lt;li&gt;[04:27] How retirement financial planning strategies vary by individual circumstances&lt;/li&gt; &lt;li&gt;[07:17] Earnings affect Social Security benefits before retirement&lt;/li&gt; &lt;li&gt;[11:51] Your spouse's income doesn't affect your Social Security&lt;/li&gt; &lt;li&gt;[15:18] SSA withholds payments until excess income is accounted for&lt;/li&gt; &lt;li&gt;[18:44] Social Security timing advice&lt;/li&gt; &lt;li&gt;[20:04] Seek financial advisor help to make an educated decision about retirement &lt;/li&gt; &lt;/ul&gt; &lt;p&gt; &lt;/p&gt;</description>

Retirement planning is a delicate process, and you need to carefully consider your various income streams, including Social Security benefits. For those of us who plan to continue working while claiming Social Security, it’s important to understand...

The Financial Benefits and Drawbacks of Working During Retirement, Ep #224

We all have visions of our ideal retirement. However, our financial plans can quickly veer off course if we haven't appropriately managed our risks.  On this episode of Financial Symmetry, Greg Suggs from Greg Suggs Insurance joins me to discuss how to manage common risks that could negatively affect your wealth. You won’t want to miss out on these easy-to-implement pieces to your insurance puzzle that could save your assets. **** 📬 Download your Free <a href= "https://www.financialsymmetry.com/pre-retirement-checklist/">Retire On Purpose Guide here</a>.  📰 See the <a href= "https://www.financialsymmetry.com/risks-to-your-ideal-retirement-ep-223/">full show notes here</a> 🌐 <a href= "https://retirementpodcastnetwork.ck.page/rpn-weekly">Sign up here to receive Retirement Weekly</a> to get one email every week on all things retirement Outline of This Episode <ul> <li aria-level="1">[1:23] A bit about Greg</li> <li aria-level="1">[2:09] Biggest changes in insurance over the past 30 years</li> <li aria-level="1">[5:12] The biggest risks for homeowners</li> <li aria-level="1">[11:11] Common mistakes homeowners make</li> <li aria-level="1">[14:33] What to think about if you are considering a second home</li> <li aria-level="1">[17:21] What to consider if you own a rental property</li> <li aria-level="1">[19:00] Automobile insurance for young drivers</li> <li aria-level="1">[23:22] What about insurance for gig work?</li> <li aria-level="1">[25:37] How to lower your insurance needs</li> </ul>

<description>&lt;p&gt;We all have visions of our ideal retirement. However, our financial plans can quickly veer off course if we haven't appropriately managed our risks. &lt;/p&gt; &lt;p&gt;On this episode of Financial Symmetry, Greg Suggs from Greg Suggs Insurance joins me to discuss how to manage common risks that could negatively affect your wealth. You won’t want to miss out on these easy-to-implement pieces to your insurance puzzle that could save your assets.&lt;/p&gt; &lt;p&gt;****&lt;/p&gt; &lt;p&gt;📬 Download your Free &lt;a href= "https://www.financialsymmetry.com/pre-retirement-checklist/"&gt;Retire On Purpose Guide here&lt;/a&gt;. &lt;/p&gt; &lt;p&gt;📰 See the &lt;a href= "https://www.financialsymmetry.com/risks-to-your-ideal-retirement-ep-223/"&gt;full show notes here&lt;/a&gt;&lt;/p&gt; &lt;p&gt;🌐 &lt;a href= "https://retirementpodcastnetwork.ck.page/rpn-weekly"&gt;Sign up here to receive Retirement Weekly&lt;/a&gt; to get one email every week on all things retirement&lt;/p&gt; &lt;h2&gt;Outline of This Episode&lt;/h2&gt; &lt;ul&gt; &lt;li aria-level="1"&gt;[1:23] A bit about Greg&lt;/li&gt; &lt;li aria-level="1"&gt;[2:09] Biggest changes in insurance over the past 30 years&lt;/li&gt; &lt;li aria-level="1"&gt;[5:12] The biggest risks for homeowners&lt;/li&gt; &lt;li aria-level="1"&gt;[11:11] Common mistakes homeowners make&lt;/li&gt; &lt;li aria-level="1"&gt;[14:33] What to think about if you are considering a second home&lt;/li&gt; &lt;li aria-level="1"&gt;[17:21] What to consider if you own a rental property&lt;/li&gt; &lt;li aria-level="1"&gt;[19:00] Automobile insurance for young drivers&lt;/li&gt; &lt;li aria-level="1"&gt;[23:22] What about insurance for gig work?&lt;/li&gt; &lt;li aria-level="1"&gt;[25:37] How to lower your insurance needs&lt;/li&gt; &lt;/ul&gt;</description>

We all have visions of our ideal retirement. However, our financial plans can quickly veer off course if we haven't appropriately managed our risks.  On this episode of Financial Symmetry, Greg Suggs from Greg Suggs Insurance joins me to discuss...

Risks to Your Ideal Retirement, Ep #223

When considering retirement, do you wonder what financial opportunities you may be missing? Busy lives take over and years pass without taking advantage. In this retirement podcast, Chad Smith and Mike Eklund unveil financial opportunities, to help you balance enjoying today so you are ready to retire later. By day, they are fiduciary fee-only financial advisors who answer questions about tax savings, investment decisions, and how to save more. If you’ve been putting off your financial to-do list or are just not sure what you’ve been missing, subscribe to the show and learn more at www.financialsymmetry.com. Financial Symmetry is a Raleigh Financial Advisor, proudly serving clients in the Triangle of North Carolina for over 20 years.

Financial Symmetry: Balancing Today with Retirement

Details

Recent Episodes