Nik mentions an ad that has been popping up all week on the YouTube videos he’s watching about a Tax Lien Workshop coming to Nashville soon. Nik asks Paul, Evan and Dan to explain what tax lien investing is and if there is any merit to it. Listen along as the advisors clearly explain tax lien investing principles and explain why people who are selling workshops or insider information about investing are usually profiting more from the worksop than they are from the investing itself. Later in the episode, Paul talks about how China used debt to force real estate growth and how it is coming back ..read more

Since the Secure Act 2.0, inherited IRAs must be emptied within 10 years of the death of the original owner. The problem was that the IRS was not specific about how the money needed to come out during this time. Today, Evan shares the final rules about withdrawing money from inherited IRAs and how the schedule of withdrawals is largely determined by whether or not the previous owner was taking RMDs before they passed. Later in the show, Evan brings up two great examples where investors have been interested in getting too creative with bonds in their portfolio and they have put themselves at un ..read more

Paul and Evan reconnect after the third hour of the show didn’t air live last week due to breaking news around the failed assassination attempt on the former President. They explain how the uncertainty around the news regarding the shooting and regarding the other side of the ticket are what is causing the markets to dip. Next, Paul and Evan have a conversation about gold dealers’ biggest sales pitch – that it protects investors from inflation and economic disaster. Paul and Evan explain why people who sell gold work create fear around the dollar and stock markets and offer gold as the best al ..read more

Today, Evan finds some with a large online following encouraging everyone to have a trust in their estate plan. The first red flag about this advice is that this person is not an estate planning lawyer nor are they a financial advisor. Today, Paul and Evan talk specifically about the trouble with the advice about trusts from this social media post, and then they get into a larger conversation about why getting financial advice from family, friends, and famous people you trust is dangerous and can lead to all kinds of bad financial decisions.  For more information about what we do or how ..read more

Today, Paul brings an article that highlights a young woman who can’t relax about money because she doesn’t know if she’s even saving enough. Most people don’t realize that it is possible to forecast what your retirement savings and income will look like based on your current savings plan. Listen along as Paul shares a lightbulb moment in his early career about this and explains what you need to know to take the mystery out of the process. Paul also cautions that the financial industry is quick to sell products based on the promise of safety and stability in retirement, but that most of these ..read more

For the last month, the national conversation around the president has focused on whether or not he should consider transitioning away from working life due to his age. This transition is something that financial planners help people plan for all the time. Today, Paul shares some recent quotes from Arthur Brooks on the topic and explains why every employee faces two choices: to leave before they feel ready or to be pushed out by their employer. Later in the episode, Evan explains a glaring similarity between Capital Hill and Wall Street: people in power have a hard time admitting they’ve made ..read more

This week Paul met with the 20-year-old son of a longtime friend after the young man expressed interest wanting to start his marriage relationship with money off on the right food. As he told him: whether you're just getting started yourself or you have children or grandchildren who are beginning to get out on their own, there are a few things you should know about saving, investing, and debt, and some bad advice you should avoid. Listen along to the first part of this conversation as Paul talks about what impressed him from this meeting and covers topics like debt, 401(k) plans, and buying a ..read more

Vanguard has grown to be the leader in the investment management world and touts the lowest fees, but also entertains poor investing principles and even threatens to close client accounts if they need too much phone assistance. Today, Michael brings up Vanguard’s recent CEO change and the advisors get into a discussion about why their firm doesn’t align with this investing giant. For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call ..read more

Many people enter retirement with a fear of overspending, running down their portfolio, and struggling to get by late in retirement. Today, Michael, Jim, and Chad talk about a model being adopted in the financial planning community that considers both the enjoyment of the portfolio and the health of the portfolio in retirement. Michael highlights the life experiences that can be missed when clients focus on taking as little as they can out of their portfolios. Listen along as these advisors share why both overspending and underspending should be a concern when taking an income. Later in the ep ..read more

Most people are used to using services like PayPal, Venmo, and Zelle to pay their friends, family and even contractors, but these services are susceptible to fraud and are not as secure as other bank transactions. Today, Paul tells a horror story about a couple paying 10s of thousands of dollars to their pool contractor on Zelle only to find out that his email account was hacked and that the money was gone. Listen along to as Paul discusses some of the red flags you can be watching out for with payment app scams. For more information about what we do or how we can help you, schedule a 15-minu ..read more