298 - Maximizing Your Retirement Income with Whole Life Insurance
Release Date: 11/22/2023
313 - Why We Ignore a Powerful Retirement Tool
More Than Commas
In this episode of More Than Commas, we tackle the Annuity Puzzle—why retirees often ignore one of the most recommended financial tools: lifetime income annuities. Cory discusses expert insights from economists like Moshe Milevsky, William Sharpe, and Olivia Mitchell, uncovering the behavioral biases, marketing flaws, and misconceptions that keep people from embracing annuities. We explore their benefits, including guaranteed income and longevity protection, while addressing concerns about fees, fairness, and industry reputation. Tune in to rethink annuities as an essential retirement income...
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312 - Why Active Management Doesn’t Work
More Than Commas
Active asset managers promise market-beating returns, but the data tells a different story. In this episode of More than Commas, Cory explores why 90% of actively managed funds underperform over time and how patience, simplicity, and low-cost investing outperform stock-picking strategies. Through stories of legendary investors like Warren Buffett and everyday savers like Ronald Read, we uncover the power of long-term investing. Plus, we dive into the harsh realities of day trading and why even the best managers struggle to sustain success. Tune in to learn why the best strategy isn’t about...
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311 - Disciplined Investing
More Than Commas
In episode 311, Paul explains that disciplined investing is the key to long-term financial success. He warns against comparing your diversified portfolio to hot asset classes, emphasizing that diversification and systematic rebalancing—selling high and buying low—are essential for managing market volatility and avoiding impulsive decisions. Paul debunks the myth of perfect market timing and stresses the importance of sticking to a steady, long-term strategy, all while offering actionable insights on building a resilient financial future and a teaser for the next episode on why even top...
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310 - Savings Rate or Investment Rate
More Than Commas
Struggling to build wealth? In this episode of More Than Commas, Elijah Fowler breaks down the common trap of chasing high investment returns and reveals a more reliable path to financial success—boosting your savings rate. Using a real-world example, he demonstrates how a simple shift in mindset can grow your portfolio by hundreds of thousands without the stress of market timing. Tune in to learn why controlling your savings habits can have a bigger impact than chasing unpredictable returns, and discover practical steps to take control of your financial future today! --- This...
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309 – Buying Real Estate with Your IRA
More Than Commas
In this episode of More than Commas, Host Cory Shepherd discusses the challenges of owning real estate in a self-directed IRA. While it may seem like a smart way to diversify retirement investments, several factors complicate this strategy. Key points include the loss of tax benefits, as traditional deductions do not apply; prohibited transactions that restrict personal use and management; and financing limitations, requiring nonrecourse loans with higher costs. --- This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide...
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308 - Starting a Business with your 401k
More Than Commas
In episode 308 of the More Than Commas, Host Paul Adams is joined by Jeremy Ames to explore the Rollovers for Business Start-ups (ROBS) strategy, a unique funding option that allows entrepreneurs to use their retirement savings to launch or acquire a business without incurring penalties. Jeremy outlines the ROBS process, emphasizing the importance of forming a C-corporation and setting up a new 401(k) plan. He discusses compliance requirements and the roles of key parties involved, including Guidant Financials' support in navigating regulations. Links: --- This Material...
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307 - Assuming a 3% mortgage
More Than Commas
In episode 307 of More than Commas, Cory Shepherd and Todd Schwartz explore the strategy of assuming a seller's low-interest mortgage in today's high-rate real estate market. He explains how this approach allows buyers to take over existing loans, potentially saving thousands by accessing lower interest rates. Todd highlights key points such as the types of assumable loans (FHA, VA, USDA), the assumption process, and the benefits, including reduced closing costs and payment stability. --- This Material is Intended for General Public Use. By providing this material, we are not...
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306 - Simple vs Compound Interest
More Than Commas
In episode 306 of More than Commas, Host Cory Shepherd explores the crucial differences between simple interest and compound interest. Listeners will learn how simple interest is calculated solely on the principal amount, while compound interest builds on both the principal and accumulated interest. Through relatable examples, Paul illustrates the financial impact of each type, emphasizing how compound interest can exponentially grow investments over time. He also discusses the importance of balancing debt repayment with investment strategies. --- This Material is Intended for...
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Bonus Episode - Mortgage Payoff
More Than Commas
In this episode, Paul dives into the mortgage payoff, exploring the financial realities. Is paying off your mortgage early always the smartest move? Paul examines financial trade-offs, opportunity costs, and strategies to help you make informed decisions about your financial goals. This episode offers a fresh perspective on financial freedom. Check out these mortgage-related episodes from the channel: --- This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation or to...
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305 - How much does it take to Retire the 4% rule
More Than Commas
In episode 305 of More than Commas, Host Elijah Fowler explores the crucial question of retirement funding through the lens of the 4% Rule. This popular guideline suggests retirees can withdraw 4% of their savings annually without depleting their funds over 30 years. Elijah discusses key factors influencing this rule, including market fluctuations, inflation, and personal expenses, emphasizing that while the 4% Rule is a useful starting point, it requires careful adjustment to fit individual circumstances. --- This Material is Intended for General Public Use. By providing...
info_outlineFor full show notes visit: PODCAST EPISODE 298 - Maximizing Your Retirement Income with Whole Life Insurance - Sound Financial Group (sfgway.com)
Subscribe and click the bell on Youtube and Facebook to become notified when Paul and Cory post their next episode. This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered investment adviser. The information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial Inc. dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions. This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial Inc. dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results. Each week, the Your Business Your Wealth podcast helps you Design and Build a Good Life. No one has a Good Life by default, only by design. Visit us here for more details: yourbusinessyourwealth.com 2023 Sound Financial Inc. yourbusinessyourwealth.com
Podcast Produced by Greater North Productions LLC