Your Money & Your Life Podcast

As we near the holiday season and end of the year, what’s been happening in our country? How does it impact what we do in our own financial planning? Anything we should do before the year is over? What does the election mean for planning for 2021, especially when we don’t have official results yet? Even without total clarity on our politicians, the economic results are coming back fairly strong, especially when it comes to consumer spending. We'll talk about that on today's...

Election Day is behind us but the results for this year’s vote are still unclear. As unusual as the 2020 election has been, there are some surprising parallels to previous years. Join us as we go through those and then discuss what we can be doing from a planning standpoint during all the uncertainty. Read more and get additional resources here: https://doncashpodcast.com/podcast/how-this-election-compares-to-previous-years/ What we discuss on this show: 0:29 - Election Day has...

The federal government recently announced an increase to Social Security benefits for 2021 but it also came with an increase in Medicare premiums. On this episode, we’ll tell you what you need to know about these adjustments along with thoughts on additional changes that could come be coming down the road. Read more and get additional financial resources here: https://doncashpodcast.com/podcast/planning-for-social-security-benefit-changes/ What we discuss on this show: 3:22 - Mixed...

What are some of the economics surrounding an election year? How will our president impact our economy? Let’s talk about the 800 pound gorilla in the room as we head into the final quarter of 2020. Read more and get additional financial resources here: https://doncashpodcast.com/podcast/lets-talk-electionomics/ What we discuss on this show: 1:39 - What does it take to go boating these days? 4:31 - What should investors and retirees be doing leading up to the election? 6:12 - What do...

Have you ever heard of the 10-5-3 rule? It’s one of the outdated financial planning axioms that just don’t make sense anymore. Today we’ll tell you why and explain interest rates, inflation, and factors that determine where we’re headed. Read more and get additional financial resources here: https://doncashpodcast.com/podcast/obsolete-financial-planning-axioms/ What we discuss on this show: 0:33 – An update on what’s going on with Don. 3:45 – The 10-5-3 Rule 9:07 – An example of how...

As summer winds down, the economy is still facing numerous challenges but you wouldn’t know it by looking at the stock market and real estate these past few months. Let’s try to make some sense of what we’re seeing in both markets and find out what Don thinks about the rest of the year. Read more and get additional financial resources here: https://doncashpodcast.com/podcast/stock-market-real-estate-update/ What we discuss on this episode: 0:48 – What’s going on since last show? 5:48...

Are you prepared for a financial storm? We explain what to do and why a financial advisor is so important in helping you weather tough conditions when the forecast gets dark. Read more and get additional financial resources here: https://doncashpodcast.com/podcast/preparing-for-financial-storms/ On today's show: 5:35 – We react and don't plan for financial storms 7:30 – Positives and negatives of diversification 9:07 – Hot stocks 10:02 – Tesla 13:54 – Mailbag: Should financial...

Have you made a big splurge recently? How have your finances shifted in the past several months during the pandemic? Today we’ll talk about how spending has changed as our lifestyles have slowed down. Read more and get additional financial resources here: https://doncashpodcast.com/podcast/have-you-made-a-corona-purchase/ On today's show: 0:26 - Don talks summer heat and summer fun before school starts again. 6:28 - Have you heard about the “Corona Purchase”? 9:08 - Home...

Times like these may make you think more soberly and realistically about if something tragic were to occur. How do you prepare financially for the inevitable of one spouse passing away? We’ll take you through the important considerations on this episode. Read more and get additional financial resources here: https://doncashpodcast.com/podcast/what-happens-financially-after-the-loss-of-a-spouse/ Today's show schedule: 0:27 - Don shares about his holiday. 3:01 - What happens after the...

Don recently went to the doctor for a checkup and a cardio stress test. All is well, but the experience reminded him just how similar it is to the testing he puts his clients’ portfolios through to make sure they can weather life’s various financial storms. He’ll also give you five easy-to-follow rules for how to survive the next stock market crash. Show Notes, Resources & Contact Info: https://doncashpodcast.com/ Timestamps: 0:35 – Life is slightly back to normal for Don. 2:23 – Don...

We look at several quotes from Mark Twain in today’s episode to see how it may apply in our own financial life. Then, we talk through traditional and Roth IRAs to see which is better for you. Read more and get additional financial resources here: https://doncashpodcast.com/?p=305 Today's show schedule: 0:31 - Don shares his summer plans and how they’ve had to change. 2:17 - What can we learn about money from Mark Twain? 4:13 - Thinking the market will always go up can lead to panic...

With a constant changing world, particularly in the last four months, what is going on with the economy right now? What takeaways should we have from that when mapping out our financial plan? Read more and get additional financial resources here: https://doncashpodcast.com/?p=301 Today's show schedule: 0:43 - Hopefully we move toward a better tomorrow. 2:01 - How can we have high unemployment and a rising stock market? 3:17 - How is this possible? 6:43 - Why is it important to...

We spend a lot of time on the financial side of life, but money is nothing without your physical and mental health. Today we talk to Don about how clients have been handling isolation, how they’re staying healthy, and whether they are starting to venture out. Read more and get additional financial resources here: https://doncashpodcast.com/?p=290 Today's show schedule: 1:09 – What’s the latest update on opening up businesses? 2:57 – Don was finally able to get a haircut but here’s...

As we transition into a new routine and daily life, the economy continues to struggle. What has the Fed done? And will it be enough to help our economy? Read more and get additional resources here: https://doncashpodcast.com/podcast/what-does-economic-health-looks-like/ Today's show schedule: 1:45 - Life feels a bit like the movie “Groundhog Day” that repeats over and over. 3:35 - What lessons could be learned from the movie? 5:32 - In the News: Police in New York City broke up an...

As we approach the third month dealing with the coronavirus health crisis, let’s get an update on where things stand. Don will tell us how he’s dealing with the quarantine, what clients are concerned about, and the adjustments you might want to consider. Read more and get additional resources here: https://doncashpodcast.com/?p=277 Today's show schedule: 1:56 - Some quarantine trivia. 3:47 - How is the family doing through all this? 4:47 - Don’s three good things to reflect...

Have you heard about the CARES Act, which will provide aid and relief for individuals and businesses? What adjustments have you made recently due to coronavirus and its impact? We'll discuss a few key areas to pay attention to. Read more and get additional resources here: https://doncashpodcast.com/?p=269 Today's rundown: 0:40 - What a world we’re living in now with social distancing and flattening the curve. 5:40 - Have people been making big changes with their financial...

The coronavirus struck quickly across the country and it caused a rapid sell off in the market that has many people worried. How bad will this be? What can you be doing for your retirement plan? We get the latest from Don Cash with his perspective on what we’re witnessing. Read more and get additional resources here: https://doncashpodcast.com/?p=257 Today's rundown: 1:24 - Let’s talk about what’s happening here and across the country with the coronavirus. 2:22 - Life has changed in...

Have you heard of inherited IRAs? The SECURE Act changed a lot of rules, including the details surrounding the inherited IRAs, so you’ll want to know how to plan accordingly. Read more on this topic and get additional resources here: https://doncashpodcast.com/?p=244 Today's rundown: 1:27 - How has the SECURE Act changed things for us? 3:51 - How have inherited IRAs changed? 7:32 - Are there RMDs in the new rule? 9:26 - Which beneficiaries are exempt from this rule? 10:15 - If you...

It’s been a busy year already and we aren’t even through February yet. Today we’ll address the top stories dominating the news right now – the Coronavirus, impeachment, and the election – and discuss whether these things will affect our retirement and planning in 2020. Show notes and additional resources: https://doncashpodcast.com/?p=243 Today's rundown: 1:28 – In the News: What’s Don’s take on the Coronavirus and its impact? 4:34 – Don has a client that’s a doctor who’s always...

Are you caught in the middle of caring for both aging parents and a young family, or even, adult children and grandchildren? It can be a difficult time full of stress. In today’s episode of Your Life, Your Money, Don shares a few examples of what this can look like and how to navigate it. Show notes and additional resources: https://doncashpodcast.com/?p=236 Today's rundown: 0:57 - The “sandwich” generation consists of people taking care of both their aging parents and grown...