Part of discovering a financial advisor's true value and role in your life is coming to grips with the things they can and cannot actually do for you. Advisors aren't superheroes, so there will be some things you can't reasonably expect them to be able to do. Let's chat about some of these expectations and see how it all might impact your own financial situation.
This might seem like a surprising headline on this show, but it's true. For some, working with a financial advisor makes a lot of sense. But for many, it does not. Let's cover the reasons and see where you might fit.
Lots of topics on tap this week. We'll take a look into the effects of the recent tax reform on your tax return this year, as well as future tax planning. We'll get Scott's thoughts on the current housing market, as well as bitcoin and other hyped stocks. And later, we'll answer questions from the mailbag about rolling over a 401(k) and market crash anticipation.
You only get one chance at retirement, so how can you make sure you're set up for the best possible future, and also getting the most out of this new era in your life? Scott sets the financial talk aside today and takes a candid look into what the real return on your retirement should be.
When it comes to financial planning, everybody has some kind of pain point. Those pain points are different for each person, but everyone has something that bothers them. Let's talk about how Scott has helped his clients through these common pain points.
A lot of volatility took place at the end of 2018, so it's important to get some perspective. Let's take a look back at last year's market, the current condition of the market, and what we can look forward to in the future, as Scott gives us this year's State Of The Markets.
Retirement isn't what it used to be, and it means something different to every person. For previous generations, it was all about taking things slow. But for more and more people today it's about discovering new opportunities, passions, and purpose. So let's take a look at how this generation's retirees are redefining this brand new chapter in their lives.
Most investors are just not very good at investing. But why is that? It turns out that there are quite a few psychological biases that cause people to make irrational decisions about their investments, even when they know better. Find out which of those biases you might be falling victim to and learn how to guard yourself against irrational investing behavior.
Like the weather, the stock market experiences highs and lows - sunny days as well as gloomy ones - and the forecast can change at any given time. But even in weeks when storms seem to be unceasing, we can usually count on brighter days ahead. That's why it's important to keep market corrections in perspective.
The Do-It-Yourselfer. The Ostrich. The Gambler. The Model Citizen. Are you one of these types of clients? On this episode, we'll take a look at all the different types of personalities that walk through Scott's door and the unique challenges they face.