Your Life, Your Money with Scott Sierens

Business & Economics Podcasts

The Your Life, Your Money Podcast helps you thrive in life, wealth and retirement. The show is designed to navigate the complexities around money, building and securing wealth, and achieving financial independence. Scott Sierens, financial advisor at Sierens Financial Group, will provide thoughts, strategies, and ideas on each episode to help you make smart and sound financial decisions. The goal is to take complex financial subjects and make them simple and easy to understand so you can feel confident to take action, enjoy life, and eliminate financial stress and anxiety. Scott, along with guests from across various industries, will cover topics such as tax savings strategies, investment and wealth management, IRAs, 401(k)s, retirement planning, income strategies, pensions, estate planning, social security, healthcare, and much more. Retirement isn't an age or number. It's finding the balance between living life today and feeling financially confident about YOUR tomorrow. Ask Scott your questions by calling 847-235-6989 or check out our podcast website at https://lifemoneyshow.com for more resources.

The Your Life, Your Money Podcast helps you thrive in life, wealth and retirement. The show is designed to navigate the complexities around money, building and securing wealth, and achieving financial independence. Scott Sierens, financial advisor at Sierens Financial Group, will provide thoughts, strategies, and ideas on each episode to help you make smart and sound financial decisions. The goal is to take complex financial subjects and make them simple and easy to understand so you can feel confident to take action, enjoy life, and eliminate financial stress and anxiety. Scott, along with guests from across various industries, will cover topics such as tax savings strategies, investment and wealth management, IRAs, 401(k)s, retirement planning, income strategies, pensions, estate planning, social security, healthcare, and much more. Retirement isn't an age or number. It's finding the balance between living life today and feeling financially confident about YOUR tomorrow. Ask Scott your questions by calling 847-235-6989 or check out our podcast website at https://lifemoneyshow.com for more resources.

Location:

United States

Genres:

Business & Economics Podcasts

Description:

Language:

English

Website:

https://lifemoneyshow.com/

Email:

scottsierenspodcast@thirdwheelmedia.com

Episodes

Ep 54: How We Handle Unreasonable Requests

5/19/2022

In the retirement planning business, we occasionally get some unreasonable requests. We’ll do our best to accommodate everyone’s needs, but sometimes they just aren’t realistic. On this show, we’ll share some of the requests and tell you how to set proper expectations around your retirement planning. What we discuss in this episode: 4:21 – Bigger returns, no risk 7:50 – Reducing fees 12:20 – Paying taxes 15:26 – Do it for me 18:50 – Mailbag: Reducing risk Read more and get...

Duration:00:23:01

Ep 53: Lessons We Can Learn From Warren Buffett

5/12/2022

What can we learn from billionaire Warren Buffet when it comes to our finances? He shares some key lessons and advice to keep our money on track for long-term financial success. What we discuss in this episode: 2:26 – Bankrate article 5:21 – Portfolio survival 10:20 – Value, not timing 13:45 – Productive assets 17:06 – Avoid speculation 21:41 –...

Duration:00:27:18

Ep 52: The Most Important Birthdays for Retirement Planning

5/5/2022

You might not pay as close attention to your birthdays as you get older, but there are some ages that you need to be paying attention to. On this episode, we're sharing the most important birthdays in retirement planning. We'll take you through some of the key ages, why they are important and what you should be thinking about as you approach retirement. What we discuss in this episode: 6:47 – Age 50 12:39 – Age 55 17:31 – Age 59.5 20:49 – Age 62 23:52 – Age 65 29:04 – 70.5 30:29 –...

Duration:00:41:53

Ep 51: Investment Terms You Should Know

4/28/2022

There's enough financial jargon being used that even experienced investors get tripped up now and again. Today we’re going to talk about the investment terms you should know, what they mean and why they’re important to you and your financial future. What we discuss in this episode: 1:37 – Financial literacy month 6:32 – Stocks 13:39 – Bonds 17:45 – Asset allocation and diversification 20:11 – Fruit stand analogy 27:05 – ETFs and mutual funds 32:50 – What does this mean to...

Duration:00:40:50

Ep 50: Why Values-Based Financial Planning is Essential

4/21/2022

Putting together a solid retirement plan isn’t just about dollars and cents. We need to determine what really matters to you. Today’s show is all about why values-based planning is so important. What we discuss in this episode: 2:27 – Digging deeper 5:58 – Family 11:20 – Faith 14:39 – Career 19:15 – Education 23:06 – Charity 25:57 – Fun 30:13 – Question about moving 401k Read more and get additional financial resources here: http://lifemoneyshow.com Check out our YouTube...

Duration:00:33:34

Ep 49: Forget Emotions, Stay Invested

4/14/2022

Volatility isn’t fun. When the stock market is down, it really takes a toll on our emotions. Emotions lead people to do things that could ruin long-term investing results. Today, we’re sharing why you should stay invested. What we discuss in this episode: 3:15 – Market volatility 6:48 – Long-term investors 9:21 – Diversification 19:13 – Emotions 22:13 – Timing the market 25:08 – Always a worry 28:57 – Staying invested 34:47 – Behavior coach Read more and get additional...

Duration:00:37:55

Ep 48: Murky Issues That Make Retirement Planning Harder

4/7/2022

Low-interest rates, the cost of products going up, underfunded Social Security, and market volatility can really create some murky waters and make financial planning pretty difficult. We’ll share how to get clarity on your finances on today’s show. What we discuss in this episode: 1:23 – Pets 7:05 – USA Today article 10:56 – Income growth 18:45 – Social Security 26:37 – Withdrawal rates 30:05 – Other murky issues CNBC - ...

Duration:00:36:52

Ep 47: Listener Questions - Roth Conversions, IRAs and More

3/31/2022

Should you manage your own investments or work with an advisor? When should you do Roth conversions? Does having multiple IRAs make you diversified? These are all great questions we’ve received from listeners, and we’ll answer them on today’s show. What we discuss in this episode: 1:52 – Market Watch article 7:01 – Roth conversions 13:50 – Financial advisors 26:24 – Roth 401k 30:28 – Diversification Read more and get additional financial resources here:...

Duration:00:37:17

Ep 46: Corrections, Recessions and Bear Markets, Oh My!

3/24/2022

Between the war in Ukraine, gas prices, and inflation going up, the news has been pretty bleak lately. More people are talking about corrections, bear markets, and recessions. Today we’ll talk about those topics and what they mean to you and your money. What we discuss in this episode: 2:49 – Correction 9:34 – Bear market 15:43 – Recessions 19:53 – What does this mean for you? 24:02 – If your portfolio drops 27:34 – Opportunities 31:09 – Bull markets Read more and get additional...

Duration:00:35:49

Ep 45: How Much is Your Money Bias Costing You?

3/17/2022

On this episode, we’ll breakdown a CNBC article that analyzes a recent Morningstar study. The study found that most of us have at least one money bias, some of us more than one, and that those biases are very possibly costing us money in our checking, savings, investing and retirement accounts. Listen to see if you might be impacted by a specific money bias and for strategies to get it back under control. What we discuss in this episode: 5:26 – Different attitudes about money 9:02 –...

Duration:00:38:24

Ep 44: Where Should I Keep My Cash?

3/10/2022

A common question we get is, “Where should I keep my cash? Where should I put my rainy day fund, my emergency fund?” Today we’ll share three places you can keep your cash to get a better rate of return. What we discuss in this episode: 2:11 – Fed raising rates 9:56 – Where to keep cash 10:16 – Inflation 11:17 – The right amount of cash 13:06 – Too much cash? 14:46 – Online savings account 19:10 – CDs 21:20 – Series I savings bonds Read more and get additional financial...

Duration:00:27:56

Ep 43: Planning for Things You Can’t Predict

3/3/2022

There are some things in life you can’t predict, but you can try to plan for them. For example, when is the next market crash going to happen? We don’t know, but here’s how you can prepare for this and other things in your financial life. What we discuss in this episode: 1:15 – Inflation articles 5:58 – Market crash 11:02 – Lifestyle 17:04 – Health care 23:56 – Taxes 28:46 – Life expectancy 31:34 – Mailbag: Too much money in bank? Read more and get additional financial resources...

Duration:00:35:28

Ep 42: Listener Questions - Income Plans, Social Security and Stocks

2/24/2022

Today we’re answering some of your excellent financial questions. How much should you spend in retirement? When’s the best time to take Social Security? We’ll answer these questions and more on today’s show. What we discuss in this episode: 1:42 – IRS backlog article 5:32 – Retirement income 10:38 – One stock 15:35 – Social Security 20:18 – Life insurance Read more and get additional financial resources here: http://lifemoneyshow.com Check out our YouTube channel:...

Duration:00:26:15

Ep 41: Is Inflation the Biggest Threat to Your Retirement?

2/17/2022

Prices are on the rise and people are being impacted in their day-to-day lives, so let’s talk about how to beat retirement’s nemesis – inflation. Listen to this show to find out what you can do to secure your financial future. What we discuss in this episode: 1:08 – Going up in price 4:05 – How big of a threat? 6:53 – CNBC and NYTimes articles 10:54 – The number one concern 12:57 – How to plan for inflation 14:55 – How to beat inflation 20:08 – Social Security 21:38 – Understanding...

Duration:00:29:01

Ep 40: How to Handle a Volatile Stock Market

2/10/2022

Today we’re talking about why we see volatility in the stock market. We’ll also share what you should and should not focus on when this happens and how to plan and prepare no matter which direction the market goes. What we discuss in this episode: 1:28 – Stock market drops 2:37 – Why the market drops 5:02 – Inflation 7:20 – Covid 7:39 – Russia and Ukraine 8:36 – Statistics 11:52 – Importance of diversification 13:04 – JP Morgan guide to the markets 16:04 – Focus on what you can...

Duration:00:23:11

Ep 39: Don't Fumble Your Retirement in the Red Zone

2/3/2022

Just like football players don’t want to fumble the ball in the red zone, you don’t want to fumble your finances as you get close to retirement. We’ll explain how to protect your finances during these crucial years on today's episode. What we discuss in this episode: 3:49 – What is the financial red zone? 5:50 – Planning in retirement 7:24 – Mistakes 12:45 – Work on your plan 15:13 – Don’t wait for the red zone 18:28 – Listener question: Am I stuck? Read more and get additional...

Duration:00:24:10

Ep 38: 7 Signs You’re in Good Financial Health

1/27/2022

Today we're sharing seven signs that you're in good financial health. It's a good checklist to measure where you stand and whether or not you're in a good position for retirement. How do you measure up? What we discuss in this episode: 3:31 – No depreciating debt 5:03 – Spend less than you make 6:51 – Save and invest 9:15 – How much to save 10:55 – Understand tax implications 13:25 – Retirement income plan 16:07 – Know the plan 19:03 – Long-term care 21:37 – Estate...

Duration:00:25:01

Ep 37: Social Security Changes You Need to Know About

1/20/2022

What changes should we expect to see with Social Security in 2022? Some of the changes could affect your check or your company paycheck. We’ll explain how the cost of living has been adjusted and answer a listener's question about when to collect Social Security. What we discuss in this episode: 3:12 – Cost-of-living 10:13 – Higher wage cap 12:05 – Higher earnings test limit 14:47 – Higher earnings threshold 17:45 – Mailbag: Work until 70? Resources: ...

Duration:00:24:08

Ep 36: What Factors are Shaping Retirement in the 2020s?

1/13/2022

So much has changed since your parents retired. Gone are the days of the pension, and technology is playing a larger part than ever in how we save money and invest in our future. Today we’re sharing what factors and forces are shaping retirement in the 2020s. Read more and get additional financial resources here: http://lifemoneyshow.com Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ What we discuss in this episode: 1:00 – Automation 4:08 –...

Duration:00:28:19

Ep 35: Stock Market Predictions

1/6/2022

We’re kicking off the New Year with a talk about the stock market and some predictions. As you’ll see, the experts’ predictions are all over the board. Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-35-stock-market-predictions/780/ More...

Duration:00:22:38