Smart Money Questions

15 Money Resolutions For 2022

The new year means getting on track and trying to set new goals for what we want to accomplish. Money is always at the top of the list so we wanted to help you with your financial growth in 2022.
So on this episode, we’re sharing 15 money resolutions that will get you on a better financial track in the new year. 
You might not be able to follow through on all 15 of these resolutions, but implement even just a few of these and you’ll be well on your way to a more prosperous financial life in the coming year.
 
Read more and get additional financial resources here: http://smartmoneyquestions.com/podcastposts/episode-161-15-money-resolutions-for-2022/ 
 
What we discuss in this episode: 
4:08 – Reduce debt
5:22 – Boost savings
6:41 – Plan for emergencies
7:05 – Don’t overreact
7:49 – Budget
8:54  – Check beneficiary designations
9:32 – Tough conversations
10:34 – Audit insurance
11:15 – Refinance
11:48 – Check credit
12:54 – Share knowledge
13:56 – Review tax brackets
15:09 – Rebalance portfolio
15:39 – Consolidate accounts
16:40 – Listen to our podcast

Piggy Bank Pies and Abundance Mentality

Today we’re talking about generous giving and fearing loss. Find out how our office and clients give back to the community. We’ll also share what to do if you’re afraid of financial losses in your retirement.
 
Read more and get additional financial resources here: http://smartmoneyquestions.com/podcastposts/episode-160-piggy-bank-pies-and-abundance-mentality/ 
 
What we discuss in this episode: 
0:57 – Piggy bank pies
3:14 – Abundance mentality
5:42 – How do you handle loss?
6:38 – Talking numbers
7:40 – Recovering from loss
8:11 – Understand your risk
9:30 – Prepare yourself

Taking A Deal Down To The Studs

Have you ever taken your investment portfolio down to the studs? It might be time to examine the risks of your investments and see what questions you need to get answered.
 
Read more and get additional financial resources here: http://smartmoneyquestions.com/podcastposts/episode-159-taking-a-deal-down-to-the-studs/ 
 
What we discuss in this episode: 
1:19 – Down to the studs
5:33 – Removing risk
8:27 – What can I expect?
10:33 – When will you retire?
13:15 – Money in retirement

Mandates and Forced Retirement: What Questions to Ask

The mandate over vaccines is creating an issue where some people have serious decisions to make. Here are some things you need to consider before walking out and leaving your job over the mandate. 
 
Read more and get additional financial resources here: https://smartmoneyquestions.com/podcastposts/episode-158-mandates-and-forced-retirement-what-questions-to-ask/
 
What we discuss in this episode:
4:35 – Health insurance
8:43 - Expenses

Q&A About Long-Term Care, Car Leases and Social Security

Today we’re answering your questions about long-term care options, leasing a car and Social Security. If you or anyone you know is struggling with decisions about these topics or just wants to learn more, today’s show is for you. 
 
Read more and get additional financial resources here: http://smartmoneyquestions.com/podcastposts/episode-157-qa-about-long-term-care-car-leases-and-social-security/ 
 
What we discuss in this episode:
2:54 – Long-term care
11:05 – Car lease
15:37 – Social Security

Paying off a Mortgage, Emergency Funds and Surviving Spouse

We’ve had many conversations with clients about the subjects we’re talking about today – paying off your mortgage early, emergency funds and how to help a surviving spouse. You’ve probably had similar questions in your own life, so let’s dive into these important topics.
 
Read more and get additional financial resources here:  http://smartmoneyquestions.com/podcastposts/episode-156-paying-off-a-mortgage-emergency-funds-and-surviving-spouse/ 
 
What we discuss on this episode: 
2:10 – Paying off mortgage
5:23 – Emergency funds
8:38 – Surviving spouse

The Fear of Spending Money in Retirement

We read an article recently that made the argument that you need to spend more to have a better retirement. This is something we discuss with clients once they transition from working to retirement. It helps them understand that we’ve done the planning and it’s OK to spend the money. Today, we’ll explain how you can get over the fear of spending. 
 
Read and get additional financial information: https://smartmoneyquestions.com/podcastposts/fear-of-spending-money/
 
What we discuss: 
3:22 – Spend more money
5:17 – The fear
8:43 – Three areas of budgeting
11:39 – Spending years
13:21 – Investments and distribution
 

Q&A: Starting a Business and Dave Ramey’s Advice

Today we’re answering questions we received from listeners and clients. Up first, a woman wants to take out a loan to start a cake business. Where should that money come from? And finally, do we agree with Dave Ramsey’s advice about not investing while in debt?
 
Read more and get additional financial resources here: http://smartmoneyquestions.com/podcastposts/episode-154-qa-starting-a-business-and-dave-rameys-advice/ 
 
What we discuss on this episode: 
3:12 – Starting a business
9:18 – Dave Ramsey advice

What to Know About Accumulation vs Decumulation

On today’s episode we’re talking about accumulation versus decumulation. People are used to saving money for retirement, but are you prepared for what happens when you actually retire?
 
Read more and get additional financial resources here: https://wp.me/p9B077-O6 
 
What we discuss on this episode: 
4:42 – Accumulation vs. decumulation
7:23 - Stocks
10:02 – Budgeting
11:42 – Risk buckets
16:32 – Disability insurance
18:01 – Life happens

Should I Downsize My House in Retirement?

Rick recently wrote in and wanted to know if he should downsize his house. He has an emotional attachment to it, so it’s a tough decision. We’ll walk you through the decision-making process in tough deliberations like this.
 
Read more and get additional financial resources here: http://smartmoneyquestions.com/podcastposts/episode-151-should-i-downsize-my-house-in-retirement/ 
 
What we discuss on this episode:
0:57 – Protecting your personal information
3:54 – Downsize?
7:33 – Own or rent?
8:37 – Client was done with homeownership
10:37 – Taxes
11:50 – Coming to conclusions
14:04 – Answering questions