Almost everyone has made investment mistakes at some point. We’ll share how to bounce back from mistakes and avoid making them again in the future.   Read more and get additional financial information: https://silverman-associates.com/saving-with-silverman-podcast/ep-41-moving-on-from-investing-mistakes   What we discuss:  0:58 – What caused it? 2:07 – Increase savings 3:09 – Recalibrate your goals 4:42 – Get a real plan in place

Saving With Silverman

Moving on From Investing Mistakes

Today we’re opening the mailbag and taking your questions about long-term care insurance, inheritance, and pension options. Is it OK to rely on a promised inheritance? What should you do if you’re too young to retire but are losing your job? We will discuss all of this today.    Read more and get additional financial information: https://silverman-associates.com/saving-with-silverman-podcast/ep-40-mailbag-long-term-care-insurance-inheritance-and-pension-options   What we discuss:  0:44 – Long-term care insurance 2:21 – Pension options 3:59 – Retirement money

Mailbag: Long-Term Care Insurance, Inheritance, and Pension Options

There are certain retirement planning principles that apply to everyone, regardless of who you are, how much money you have when you’re retiring, or where you live. We are going to discuss some of these universal principles and what you can learn from them.      Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-39-universal-retirement-truths   What we discuss on this episode:  1:00 – Income plan 2:09 – Long-term care 4:06 – Timing the stock market 5:32 – Longevity

Universal Truths in Retirement Planning

We talk about financial planning all the time, but plans aren’t concrete. You need to have some flexibility as the years pass. Today, we’ll share how to rebalance your portfolio and why it’s important.     Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-38-why-and-when-to-rebalance-your-portfolio    What we discuss on this episode:  0:47 – Rebalancing 2:04 – How often to rebalance 2:49 – Younger versus older 3:30 – Investment vehicles 4:28 – How long Mark has been doing this work 5:33 – Personal story

Why and When to Rebalance Your Portfolio

What is your biggest financial fear? There are some very common ones. We’ll explain how to help people address these fears in their retirement plan.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-37-facing-your-financial-fears    What we discuss on this episode:  0:45 – Running out of money 2:17 – Nursing home care 3:18 – Taxes 4:40 – Relying on kids 5:22 – Advisors

Facing Your Financial Fears

Getting through retirement can be a lot like running a marathon. We’ll share some of the similarities on this episode so you can make sure you training is on track.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-36-the-retirement-marathon    What we discuss on this episode: 0:53 – Planning and preparation 2:45 – Proper diet 4:13 – Don’t start too fast

The Retirement Marathon

On today’s Saving With Silverman podcast, Mark Silverman CFP® explains why you never want to make emotional decisions about your money.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-35-how-to-avoid-emotional-decision-making-with-your-finances    What we discuss on this episode:  1:28 – Types of emotion 3:18 – Mistakes 4:21 – Taking emotions into account 6:25 – Math and emotional needs 8:05 – Introductory phone call

How to Avoid Emotional Decision-Making with Your Finances

Today we’re talking about famous last words. In the financial world, there are several famous last words that you don’t want to be your last.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-34-famous-last-words-in-the-financial-world    What we discuss on this episode:  0:47 – Keep doing what I’m doing 2:57 – Cash 4:20 – Living past 75 5:34 – Don’t want a nursing home 7:08 – I can always go back to work

Famous Last Words in the Financial World

Today we’re talking about Social Security misunderstandings. People are often confused about how it works and how it will work for them.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-33-social-security-misunderstandings    What we discuss on this episode:  0:47 – Going broke 2:12 – Starting Social Security early 2:59 – Delaying Social Security 4:16 – Social Security Administration 4:52 – You don’t have to pay taxes

Social Security Misunderstandings

On today’s Saving With Silverman podcast, Mark Silverman CFP® explains diversification. Most people we talk with don’t even understand what it is or why it’s important. Some people think it’s just a mutual fund or a ton of different mutual funds.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-32-diversification-what-is-it-and-why-do-you-need-it     What we discuss on this episode:  0:39 – Defining diversification 1:28 – How much emphasis 3:09 – How Mark defines it 4:18 – Too diversified 5:28 – Making portfolios better

Diversification - What Is It, and Why Do You Need It?

On today’s Saving With Silverman podcast, Mark Silverman CFP® explains some of the different types of financial risks that people have in their portfolios and how to be on the lookout for it.   Read more and get additional financial resources here:    What we discuss on this episode:  0:52 – Market risk 2:05 – Interest rate risk 2:58 – Inflation risk 3:57 – Health care risk 5:26 – Longevity risk

The Types of Financial Risk

Some people don’t care about leaving a financial legacy to their family, but for those who do, it’s important to eliminate some of the common estate planning mistakes. We’ll explain what they are.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-30-dont-make-these-estate-planning-mistakes    What we discuss on this episode:  2:35 – Failing to plan for expenses 3:49 – Failing to update beneficiaries 5:12 – Failing to avoid conflict and litigation 6:37 – Transferring real estate 8:06 - Taxes

Don’t Make These Estate Planning Mistakes

On today’s Saving With Silverman podcast, Mark Silverman CFP® explains why your 401k is far from perfect as a retirement savings tool. This also applies to your 403b, TSP or 457 plans.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-29-watch-out-for-these-weaknesses-in-your-401k-plan    What we discuss on this episode:  1:00 – Administrative costs 2:10 – Mutual funds 3:34 – Limited asset classes 4:25 – Subpar conservative investments

Watch Out for These Weaknesses in Your 401k Plan

The final decade of your working life is crucial to your success in retirement. We’ll explain why you need to know your numbers and how flexibility is key to winning with money.   Read more and get additional financial resources: https://silverman-associates.com/saving-with-silverman-podcast/ep-28-5-financial-tips-for-your-final-decade-of-work    What we discuss on this episode:  1:19 – What’s important? 2:44 – Knowing your numbers 4:40 – Estimate your income streams 6:37 – Health care 8:40 – Be flexible

5 Financial Tips for Your Final Decade of Work

Fewer and fewer companies are providing pensions these days. Unless you work for the government or a university, most people don’t have pensions. We’ll explain why they’re no longer very popular.   Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-27-what-are-pensions-and-why-are-they-not-as-popular    What we discuss on this episode: 0:31 – Fewer companies providing pensions 1:21 – Lack of a pension 2:35 – Pension buyout 3:30 – Planning for inflation

What Are Pensions and Why Are They Not as Popular?

Weekly investing and financial planning guidance with financial adviser Mark Silverman in Tucson, AZ.

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Saving With Silverman

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