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Coronavirus Concerns and Your Portfolio, Ep #106

Financial Symmetry: Balancing Today with Retirement

Release Date: 03/06/2020

How to Prepare for the Retirement Danger Zone, Ep #214

Financial Symmetry: Balancing Today with Retirement

If you are retiring soon, you've most likely wondered if your asset allocation is too risky. Some have called the period just before and after retirement the Retirement danger zone as it's a time where understanding how you should be invested matters for your long-term financial success. After years of great returns in tech and large cap US stocks, many retirees could have bigger risks present in their allocations than they realize. In today's episode, you'll learn why sequence of return risk has been called the retirement danger zone and how to prepare for it within the context of your...

Be Ready For These 10 Tax Surprises, Ep #213

Financial Symmetry: Balancing Today with Retirement

So many of us will be hoping for no tax surprises when preparing our tax returns this year. This is why we want to provide you with a list of common tax surprises to watch for. After working with hundreds of clients to prepare their tax returns, we’re sharing the latest tax surprises we see that could be helpful to know when completing your tax return this year. Outline of This Episode [0:42] The Slott Report [2:39] Inheritance surprises [6:51] Credit card rewards [8:10] Interest income increases [10:54] Income earned in different states [12:32] 1099Ks [14:14] Underwithholding from...

How to Handle a Forced Early Retirement, Ep #212

Financial Symmetry: Balancing Today with Retirement

Retirement can hit us with numerous curveballs. One of those could happen right out of the gate–being forced with an early retirement. We all know that layoffs are part of the corporate landscape. While they are commonplace, when you are faced with one later in your career it can cause you to reevaluate your financial situation. In this episode, we discuss your options if you are laid off and how they fit in with your financial plan, your tax plan, and your 401K. **** 📬 Get our . 📰 See the 🌐 Explore the

Tools for Making Better Financial Decisions, Ep #211

Financial Symmetry: Balancing Today with Retirement

While most of our listeners are in or on the cusp of retirement, many have loved ones who are earlier in their careers. Often we get questions on how our listeners and clients can help their younger family members make better financial decisions. As we celebrate International Women's Day with this episode, you’ll meet our newest CFP, Niamh Douglas. Niamh and Allison discuss some tools and strategies to help young people who are just starting out get off on the right financial foot. Resources & People Mentioned Episode 189 - BOOK - by Nick Murray BOOK - by Laura Redfern ...

Turn Your ‘What Ifs’ into 'What's Next' with Retirement Stepping Stones, Ep #210

Financial Symmetry: Balancing Today with Retirement

Many who approach retirement view it as the ultimate goal, but you could have 30+ years to experience the retirement you've worked to build. While much of retirement planning is focused on the numbers, people often fail to intentionally plan out how they'll spend their time. In this episode, we explore some common retirement pitfalls and then ten stepping stones to help us overcome challenges you might encounter. **** 📬 Sign up for the and receive our Pre-Retirement Checklist. 🎯 Article - 📰 See the 🌐 Explore the

5 Reasons to Consider Investing in More Than the S&P 500, Ep #209

Financial Symmetry: Balancing Today with Retirement

Many investors have been tempted to invest more, if not all, of their portfolios in the S&P 500 given the incredible run it’s had over the last decade. But today we are talking through five reasons why you should consider not making a concentrated investment only in the S&P 500. Don't let recency bias rule your decision-making on the road to your ideal retirement. **** 📬 Sign up for the and receive our Pre-Retirement Checklist. 🎯 Article - 📰 See the 🌐 Explore the

The Challenges with Divorce in Retirement with Lesli Doares, Ep #208

Financial Symmetry: Balancing Today with Retirement

One of the biggest financial disasters that people can experience in retirement is divorce. On this episode of Financial Symmetry, Grace Kvantas chats with licensed marriage and family therapist, Lesli Doares. Lesli shares warning signs to look out for, misconceptions about keeping finances separate, and why couples should seek marriage counseling in retirement. Your marriage affects every aspect of your life. Listen in to learn how you can improve it. **** 📬 Sign up for the and receive our Pre-Retirement Checklist. 🎯 Article - by David Booth 📰 See the 🌐 Explore...

Should I Roll My IRA into My 401K to Do a Backdoor Roth? Ep #207

Financial Symmetry: Balancing Today with Retirement

If you have rollover IRA accounts and want to make a backdoor Roth IRA contribution, this episode is for you. There are several steps involved to handle this strategy in the right way including understanding how you roll the IRA accounts to your 401k. Today we walk through five considerations you should think through before you implement a strategy to complete your Backdoor Roth contributions. **** 📬 Tips each month to help you Enhance Your Today and Enrich Your Tomorrow. 🎯 📰 See the 🌐 Explore the

15 Surprising Financial Facts to Round Out 2023, Ep #206

Financial Symmetry: Balancing Today with Retirement

In our usual episodes, we aim to arm you with a particular insight or strategy that can help you inch closer to your ideal retirement. But, with todays show, we want to close the year by providing a list of 15 surprising financial facts about the year that you could share in a conversation with a friend or family member. We also pay tribute to the great investor Charlie Munger, by providing a few of our favorite Mungerisms. As you begin your 2024, we thank you all for listening and sharing our show. We look forward to continuing to provide you with helpful steps on your journey to reach...

Planning for Health Insurance in Retirement Pre-Medicare, Ep #205

Financial Symmetry: Balancing Today with Retirement

If you are planning on retiring before age 65, there is no doubt that you have had this question. What do you do about health insurance? In the United States, the health insurance landscape is ever-changing and takes quite a bit of planning. Many people even feel anchored to their jobs because of the prohibitive costs of health insurance. However, there are options for healthcare before age 65. Listen in to discover what your options are and what you should be doing to plan for this complicated aspect of early retirement. Outline of This Episode [2:44] COBRA [8:04] Using...

More Episodes

Cornoavirus concerns continue to impact the financial markets, as have all the numberless crises that have gone before it.

While the potential human and economic effects are very unsettling, what actions should a prudent investor take given this new development?

Short Video Recap Here: https://youtu.be/Wsy6OTuY-yI

It remains impossible to predict when and how this problem will be resolved. Likewise, it is impossible to know when and how the markets will anticipate (or react to) such a resolution.

In this episode of the Financial Symmetry show, hosts Chad Smith and Mike Eklund, evaluate all the available information to determine how you should approach your investment strategy.

Market declines are a regular occurrence and happen frequently. Selloffs provide an opportunity for investors to absorb new information, squeeze out excesses and reset values to more attractive levels.

For existing retirees, we set-up portfolios to include 5-7 years’ worth of high-quality bonds/cash to absorb market declines. For savers, market declines are great news as it allows you to buy stocks at lower prices through regular contributions.

We understand the desire to try to head off market declines by moving into safety. However, our view is that the only way to capture the full permanent returns of equities is to ride out their temporary declines.

The danger of trying to time the market is that you will sabotage your personal investment strategy by getting out at the wrong time and then compounding that by getting back in at the wrong time.

Summary

Fear is a natural reaction.
It's impossible to predict the future.
There is always uncertainty in investing.
Disciplined investing is hard.
If you are feeling uncertain, review your financial plan before your portfolio.

Summary

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