Today I'm talking about preferred stocks. Why? One of our listeners, Gene, was recently concerned about the low yields he was getting on bonds & cash. And he was wondering if preferred stocks would be an appropriate alternative. In addition to answered Gene's great question, I'm also breaking down:  What preferred stocks are Why you might invest in them How to spot little-known risks If you're ready to learn all about preferred stocks (in plain English!), today's episode is for you. ?  Click Here to Access Show Notes and Links for This Episode

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Preferred Stocks: Everything Retirement Savers Need to Know

Today I'm talking about the U.S. National Debt which currently sits at ~$28 trillion. While that is a GIANT number, I'm sharing why current debt levels are not as big of a problem as most think. If you want to learn why (in plain English!), you're going to love today's episode.  ?  Click here to access show notes for this episode

U.S. National Debt: How Will We Ever Pay Off $28 Trillion?

Today I’m talking about the benefits of Market-Cap-Weighted index funds (e.g., Vanguard Total Stock Market). Why? Last week, I made a brief comment that there were some benefits to owning them...and a number of you reached out asking what those were. If, like these other listeners, you’re also curious about the benefits of market-cap-weighted funds, you’re going to love today’s episode! ?  Click here to access show notes for this episode

The Top 3 Benefits of Market Cap Weighted Index Funds

The average interest rate for savings accounts is 0.06%. National home prices just reported their highest one-year gain in history. The U.S. stock market is up ~700% since March 2009. When everything seems risky and overbought, what do retirement savers do? How do you earn a healthy 7-8% return over the next 10-20 years? I break it all down in this week's episode. ?  Click here to access show notes for this episode

How to Earn a 7% Return in Today's Environment

Today I'm sharing the hot off the press results of the annual "Mind the Gap" study. Once again, over the last 10 years, investors earned ~2% per year less than the funds they invested in. (Hint: It's not because of fees or taxes.) If you want to learn... Why this return gap exists What asset classes are most at risk And how you can improve your returns ...you'll love this episode. ?  Click here to access show notes for this episode

Why Investors Underperform by 2% Per Year + How to Improve Your Returns

Today I’m talking about Required Minimum Distributions (RMDs). Specifically, I'm sharing: How RMD withdrawal rates can creep up to 12% Why they can cause you to overpay the IRS How to use an RMD-based approach to create retirement income When RMDs can put you at risk of over withdrawing What you can do to reduce your RMD tax bill If you want to get a quick Masterclass on Required Minimum Distributions (RMDs) and take control of your tax bill, this episode is for you! ?  Click here to access show notes for this episode

Can Required Minimum Distributions (RMDs) Cause You to Overwithdraw in Retirement?

Today I’m wrapping up our retirement income series by talking about Dynamic Withdrawal Strategies. Dynamic strategies are designed to: Maximize retirement income Greatly lower the chance of running out of money Combat inflation and maintain purchasing power If you want to learn about dynamic withdrawal strategies, their pros & cons, and how to implement them, today's episode is for you.  ? Click here to learn more about our Free Retirement Assessment To access the show notes for today's episode, click here.

Retirement Income Part 4: Using Dynamic Withdrawal Strategies to Maximize Income

Today I'm talking about immediate annuities and dividend stocks as potential retirement income solutions. Specifically, I'm sharing the what, why, and how behind each strategy. I'm also sharing their pros + cons. If you want to find out if annuities and dividends will solve your retirement paycheck puzzle, you're going to enjoy this episode! ?  Click here to access show notes for this episode

Retirement Income Part 3: Immediate Annuities and Dividend Stocks + Their Pros & Cons

Today I'm breaking down the 4% rule. Specifically, I'm sharing: A brief history of the rule Why the creator doesn't follow it The pros and cons I'm also sharing how you might take the current environment into consideration when using the 4% rule.  If you want to understand the most popular retirement income strategy once and for all, this episode is for you.  ?  Click here to access show notes for this episode

Retirement Income Part 2: The 4% Rule + Why the Creator Doesn't Follow It

Today I'm kicking off a multi-part series on creating a reliable income stream in retirement. To help set the stage for this series, Michael Kitces drops in to share why most retirees will NEVER draw down their portfolio. In fact, he shares how the 4% rule is more likely to quintuple wealth than deplete it over 30-years. If you're ready to learn everything you need to know about creating a retirement paycheck, this series is for you.  ? Click here to access show notes for this episode

Retirement Income Part 1: Why Most Retirees Will Never Draw Down Their Savings

Today I'm talking about car ownership.  Specifically, I'm sharing: The Total Lifetime Cost of Owning a Car How Buying New Can Cost the Same as Buying Used Why Leasing a Car Isn't Always the Wrong Decision I also let you in on a little secret about my personal approach to car ownership. ? If you want to better understand the true cost of owning a car (and hear my public confession!), today's episode is for you. ? Click here to access show notes for this episode

Buying vs Leasing: The True Cost of Owning a Car

Today I'm talking about I-Bonds, a type of savings bond that some call "the best kept secret in America."   Specifically, I'm sharing: What they are Why successful retirement savers might NOT be racing out to buy them Who they might be a good fit for  If you're interested in learning about a safe investment designed to combat inflation, today's episode is for you.

What Are I-Bonds + Are They a Good Investment

Today I'm responding to some constructive criticism I received from a listener. I'm also sharing my conversation with Steve Chen, host of The NewRetirement Podcast. Along with sharing a personal update on having three kids under age 5, we dig into: Tax planning opportunities + misconceptions What to do when you've saved more for retirement than you can spend Why people put off estate planning and how to take action Be sure to stick around to the end where we answer a few listener questions and chat about the current state of the markets. ? Click here to access show notes for this episode

Tax Planning, Legacy Planning, and Listener Q&A!

Want to learn how to lower your tax bill + improve retirement success? Click Here to Get Your FREE Retirement & Tax Assessment --------------------------------------------- Today I’m tackling part two of our series on Long Term Care (LTC). Specifically, I’m breaking down three big things: The types of LTC insurance available (and the pros and cons of each!) Major pitfalls to avoid Vetted resources to help you take action If you want to understand how to maximize your dollars (and coverage!) when buying long-term care insurance, today’s episode is for you. ? Click here to access show notes for this episode

LTC Part 2: Everything You Ought to Know About Maximizing Long Term Care Insurance Coverage

Today I'm kicking off a two-part series on Long Term Care (LTC). In part one, I'm sharing: LTC statistics that don't often make headlines Why everyone (yes everyone!) needs a plan for LTC My 5-step process for determining if you can self-fund If Long Term Care is one of those financial planning items you STILL haven't tackled yet, this series is for you! ?  Click here to access show notes for this episode

LTC Part 1: A Step-by-Step Process to Determine if You Can Self-Fund for Long Term Care

Retirement planning strategies in plain English. The Stay Wealthy Podcast will teach you how to reduce taxes, invest smarter, and make work optional in retirement. Award-winning financial expert, Taylor Schulte, tackles topics such as IRA's, 401(k)'s, retirement income strategies, insurance, pensions, social security and more. Every episode will give you the tools you need to preserve your hard-earned money and "stay wealthy" in retirement. Learn more and join the community at www.youstaywealthy.com.

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