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Wealthy people aren’t immune to making mistakes with money. Paul covers an article about common mistakes wealthy people make with money, what you can learn from them, and a costly yet overlooked mistake that harms investors at any stage of the process.
Get a personalized financial plan by scheduling a free call with one of our advisors here.
Today, Paul answers two questions that came up from his inheritance workshop. Listen along as Paul talks about giving money to your kids and the five-year rule as well as the difference between inheriting money from a parent versus inheriting money from someone else.
Paul often talks with frustrated investors who don’t understand why their investments are not performing after choosing an investment manager with a past performance of great returns. Today, Paul sets the record straight about why this happens and what you should look for in a manager instead.
Paul talks about a WSJ article called “The Regulators Are Coming After Sustainable Investments.” How does a mutual fund get listed as ethical? What types of businesses can get listed as ethical and what do they have to do? At the end of the episode, Paul shares his take on some recent capital gains tax news.
The first phase of life is when you need to make more than you spend. Today, Paul explains why trying to keep up with everyone else during the income part of your life is a huge problem for your financial future. Listen along to hear how Americans fall into different income brackets and why financial success isn’t just about making more money. Later in the show, Paul answers the question: Is it worth going into debt for education?
After spending most of their lives accumulating wealth, investors become afraid they will lose it. Countless investment products claim to offer investors guaranteed income in exchange for a lump sum of money. Today, Paul covers a common struggle with employees who are offered pension plans that aren’t fully funded and what any investor needs to know before having confidence in their retirement investments.
Get a personalized financial plan by scheduling a free call with one of our advisors here.
Insurance companies are looking hard at data to make the best decisions for their businesses. Today, Paul and Jim discuss an article talking about whether or not health and life insurance companies will start to raise prices for people who cannot or choose not to get vaccinated. Listen along to hear how insurance companies already have this practice for other factors that affect life expectancy.
Paul and Jim talk about an article in the Wall Street Journal: “These People Who Work From Home Have a Secret: They Have Two Jobs.” You may have felt pressure to make some quick decisions in such a strange market. Listen along to hear why current work and real estate trends are bound to snap back even if nothing else changes.
The laws have changed around inherited IRAs, forcing most investors to remove the money within 10 years. Today, Paul and Evan discuss if charitable remainder unitrusts (CRUTs) could be a suitable place to invest the money and maximize the tax strategy for beneficiaries. Listen along to learn more about CRUTs and what happens if you don’t use them for their intended purpose.
The financial industry sells thousands of products that claim to shield investors from risk. Today, Paul sets the record straight and talks about the kinds of insurance that will help fortify your financial house. Listen along to learn more about protecting your financial future from unforeseen expenses. Later in the show, Paul answers questions from the inheritance webinar that he wasn’t able to answer live.
Watch the full webinar here: You’ve Inherited Money—Now What?
