Saving The American Dream Podcast
Business & Economics Podcasts
Welcome to the Saving The American Dream Podcast with Financial Advisor Michael Schulte of WestPac Wealth Partners. Are taxes, market volatility, inflation and other risks threatening your pursuit of the American Dream? If you need help planning how to tackle these financial headwinds, then this is the show for you! With pensions disappearing, the American Dream is harder than ever to achieve. We're on our own to successfully plan for our financial futures. That's why it's so important to make wise decisions with your financial plan and as you get older those decisions become more and more critical. New episodes bi-weekly. Visit our website for show notes, resources, more information and to contact Michael at SavingTheAmericanDreamPodcast.com. Or call 702-767-4897.
Welcome to the Saving The American Dream Podcast with Financial Advisor Michael Schulte of WestPac Wealth Partners. Are taxes, market volatility, inflation and other risks threatening your pursuit of the American Dream? If you need help planning how to tackle these financial headwinds, then this is the show for you! With pensions disappearing, the American Dream is harder than ever to achieve. We're on our own to successfully plan for our financial futures. That's why it's so important to make wise decisions with your financial plan and as you get older those decisions become more and more critical. New episodes bi-weekly. Visit our website for show notes, resources, more information and to contact Michael at SavingTheAmericanDreamPodcast.com. Or call 702-767-4897.
Location:
United States
Description:
Welcome to the Saving The American Dream Podcast with Financial Advisor Michael Schulte of WestPac Wealth Partners. Are taxes, market volatility, inflation and other risks threatening your pursuit of the American Dream? If you need help planning how to tackle these financial headwinds, then this is the show for you! With pensions disappearing, the American Dream is harder than ever to achieve. We're on our own to successfully plan for our financial futures. That's why it's so important to make wise decisions with your financial plan and as you get older those decisions become more and more critical. New episodes bi-weekly. Visit our website for show notes, resources, more information and to contact Michael at SavingTheAmericanDreamPodcast.com. Or call 702-767-4897.
Language:
English
Episodes
Ep 38: Where Crisis & Opportunity Meet
8/4/2022
Sometimes in life you hit a financial crossroads of crisis and opportunity. We’ll explain how to find the good when bad times are happening.
What we discuss in this episode:
2:23 – Empty nest crisis
5:07 – Bear market crisis
11:32 – Layoffs
More Information: http://savingtheamericandreampodcast.com
Duration:00:17:15
Ep 37: What They’re Saying - Analyzing Advice on Surviving a Bear Market
7/21/2022
It’s no secret the stock market is in turmoil. We’re in a bear market and the R-word (recession) is getting thrown around daily. So, what can you do to survive bear markets like the one we’re in now? We’ve collected advice from various commentators and “experts” from across the country. You might have even heard some of this advice yourself. But should you follow it or proceed with caution? We’ll breakdown the guidance to provide some important context and perspective.
What we discuss in...
Duration:00:20:26
Ep 36: Can You Get An A+ On Our Retirement Planning Quiz?
7/7/2022
How prepared are you for retirement? Do you know how much income you’ll need and what retirees fear the most? Today we’re testing your knowledge to see if you have what it takes to retire successfully.
What we discuss in this episode:
2:36 – Start saving
8:08 – Best estimate
12:34 – Fear the most
15:37 – Diversified plan
21:30 – Withdrawing money
25:23 – Mailbag: Rate of return
More Information: http://savingtheamericandreampodcast.com
Duration:00:31:48
Ep 35: What To Do as You Count Down the Days to Retirement
6/23/2022
If you’re counting down the days until retirement, we have a checklist of things you need to keep in mind. We’ll help you get ready for the big day and make sure you are ready financially and otherwise.
What we discuss in this episode:
1:50 – Getting healthy
4:00 – Free time
5:54 – Work
7:17 – Save more
9:26 – Debt
11:02 – Risk
14:24 – Emotion
17:26 – Taxes
19:31 – Cash
23:07 – Overthinking
23:47 – Advice
More Information: http://savingtheamericandreampodcast.com
Duration:00:27:42
Ep 34: Can I Retire at 55?
6/9/2022
Can I retire at 55? We get this question a lot, especially with the recent trend of people trying to retire earlier. Most people don’t know if they can retire early, but we can help.
What we discuss in this episode:
1:02 – Can I retire at 55?
3:16 – How many want to retire early?
4:00 – Social Security
5:48 – Retirement accounts
7:31 – Health care
8:41 – When to start planning
10:19 – Comment: Pensions
12:44 – Comment: Inflation
13:51 – Comment: Savers
17:34 – Question:...
Duration:00:24:23
Ep 33: Mailbag - Twitter Stock, Private College and Life Insurance
5/19/2022
Is now a good time to buy Twitter stock? Should I send my child to an expensive private college? Do I have too much money in the bank? We’re answering these and other questions from our listeners today.
What we discuss in this episode:
1:52 – Invest in Twitter?
8:02 – Private college
10:20 – Financial advisors and budgets
11:24 – Crying about money
14:16 – Too much in the bank?
16:19 – Life insurance
18:43 – Husband refuses to retire
More Information:...
Duration:00:23:40
Ep 32: How Fear and Pessimism Sell
5/5/2022
Financial media often uses fear and pessimism when reporting. It drives ratings and sells. But watching too much of that could be harming your financial peace of mind.
What we discuss in this episode:
2:11 – Facts about financial media
5:52 – Money anxiety and Mark Cuban
9:38 – Magazine covers
13:58 – Predicting collapse
18:03 – True bottom
21:20 – A time to panic?
23:45 – Checking with clients
More Information:...
Duration:00:28:00
Ep 31: How Should You Prepare for the Next Market Crash?
4/21/2022
Last episode we talked about market crashes and what they are. Today we’re sharing how you can prepare yourself for possible market crashes.
What we discuss in this episode:
1:58 – How to prepare
4:41 – Emotions
6:59 – Handling market corrections
9:10 – Downturns happen
10:45 – Help from your advisor
11:50 – Crashes can create opportunities
13:47 – When’s the next crash?
More Information: http://savingtheamericandreampodcast.com
Duration:00:19:12
Ep 30: History of Market Crashes
4/7/2022
People sometimes ask: Are we going to have another market crash soon? With Ukraine and Russia in the news, as well as inflation, people have been worried about possible World War III and their finances. We’ll share some historical background on market crashes.
What we discuss in this episode:
2:34 – What is a market crash?
5:42 – Historical rate of return
8:42 – 2000-02 tech crash
11:32 – Tech crash markets
16:25 – 2007-09 crisis
18:42 – Diversification
22:41 – Downturns and...
Duration:00:30:08
Ep 29: Home Run Retirement - How Baseball Principles Also Score Financial Runs
3/24/2022
After listening to today’s episode, you’ll never attend another baseball game with the family and look at it the same way. We’re going to show you how taking some of baseball’s most basic principles can also lead to financial success in your retirement portfolio. So, grab your peanuts and crackerjacks and let’s take the financial field.
What we discuss in this episode:
4:07 – Home runs
8:29 – Moneyball
12:37 – Five-tool players
16:40 – Game plan
More Information:...
Duration:00:19:26
Ep 28: How Do World Conflicts Impact Financial Planning?
3/10/2022
The ongoing conflict between Russia and Ukraine is making news all over the world. People are concerned about the humanitarian crisis, as well as the economy. On today’s show, we’ll talk about how wars have historically affected the market.
What we discuss in this episode:
1:28 – Wars and the market
2:40 – World War II
4:03 – Korean War
4:50 – Market history
8:36 – Big picture
More Information: http://savingtheamericandreampodcast.com
Duration:00:12:01
Ep 27: Mailbag – Divorce, Life Insurance, and More
2/17/2022
Today we’re answering your mailbag questions. Should a dentist sell his building and his business? How do you prepare for divorce financially? We’ll answer these and other questions on today’s show.
What we discuss in this episode:
1:28 – The most epic way someone was fired or quit
3:43 – Dentist wants to retire
6:04 – Getting a divorce
7:17 – Whole life insurance
9:17 – Fun and travel
More Information: http://savingtheamericandreampodcast.com
Duration:00:17:40
Ep 26: Planning for Things You Can’t Predict
2/3/2022
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 you can prepare for it. On today's episode, we'll discuss some common things we can't predict but how we can still make a plan for them anyway.
What we discuss in this episode:
1:10 – Rams going to the Superbowl!
3:35 – Headlines: IRS, New Business, Taco Bell
9:40 – Market crash
14:58 – Health care
17:17 – Taxes
20:23 –...
Duration:00:25:19
Ep 25: How Children Become Part of the Retirement Discussion
1/20/2022
On this episode of Saving the American Dream, we’re talking about children and why they need to become part of your retirement discussion. We don't want to coddle our children by any means, but our money typically goes where our heart is, so this is an important discussion to have.
Read more and get additional finanical resources here: http://savingtheamericandreampodcast.com
What we discuss in this episode:
2:22 – College expenses
6:40 – Living with parents
8:52 – Grandkids
11:10...
Duration:00:22:08
Ep 24: Don't Fumble Your Retirement in the Financial Red Zone
1/6/2022
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.
Read more and get additional financial resources here: https://savingtheamericandreampodcast.com/retirement-strategy/ep-24-dont-fumble-your-retirement-in-the-financial-red-zone/423/
What we discuss in this episode:
1:55 – What is the financial red zone?
3:25 – Why these years are crucial
7:59 –...
Duration:00:20:14
Ep 23: Sorting Out the Importance of Legacy Planning
12/21/2021
Welcome to our final episode of 2021. On today’s show we’re talking about the importance of legacy planning and what you need to know to make your plan a success.
Read more and get additional financial resources here: https://savingtheamericandreampodcast.com/estate-planning/ep-23-sorting-out-the-importance-of-legacy-planning/403/
What we discuss in this episode:
1:21 – Inflation
4:29 – Financial advisors
6:49 – Generational wealth
8:56 – Legacy
11:31 – Mistakes
13:52 –...
Duration:00:23:30
Ep 22: 22 Money Resolutions For 2022
12/9/2021
You might not be able to follow through on all 22 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: https://savingtheamericandreampodcast.com/retirement-strategy/ep-22-22-money-resolutions-for-2022/242/
What we discuss in this episode:
2:54 – Reduce debt
4:31 – Boost savings
5:44 – Prepare for unexpected
7:25 – Don’t...
Duration:00:31:59
Ep 21: Opportunities for Retirement's Late Bloomers
11/23/2021
Are you a later bloomer when it comes to saving for retirement? Don’t worry, we’ll share some opportunities that can help you make up some lost ground.
Read more and get additional financial resources here: https://savingtheamericandreampodcast.com/retirement-strategy/ep-21-opportunities-for-retirements-late-bloomers/232/
What we discuss in this episode:
4:02 – Catch up contributions
7:20 – Expenses
10:41 – Debt
13:07 – Downsizing
15:06 – Twilight career
18:35 – Mailbag: Two...
Duration:00:24:31
Ep 20: Quit Cutting Corners in Your Financial Plan
11/18/2021
We all cut corners occasionally, but how can this hurt our financial plans? While we may think we can get away with cutting some corners, we will end up hurting our financial future if we do so.
Read more and get additional financial resources here: https://savingtheamericandreampodcast.com/retirement-strategy/ep-20-quit-cutting-corners-in-your-financial-plan/228/
What we discuss in this episode:
6:02 – Risk
10:05 – Legal documents
12:34 – Getting organized
14:58 – Investing
Duration:00:20:26
Ep 19: Tax Consequences for Different Account Types
11/4/2021
Different types of accounts have different tax consequences. Let’s talk about those advantages and disadvantages in different types of accounts and how you use them (or don’t) in your retirement planning.
Read more and get additional financial resources here: https://savingtheamericandreampodcast.com/podcast/ep-19-tax-consequences-for-different-account-types/223/
What we discuss in this episode:
5:26 – Tax-deferred accounts
9:45 – Tax-free accounts
12:05 – Taxable account
15:46 –...
Duration:00:25:08