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Better Money Decisions

You’ve probably started with great intentions, telling yourself you’ll stash away more for retirement and buy fewer lattes (because some writer said buying lattes is a bad thing). But life happens. It’s not as neat and tidy as the financial experts on TV seem to think. You’ve got a lot going on in your life, and you need more than simplistic, cookie-cutter instructions to keep you on the right financial path. Kate Stalter escorts you to the right path for your money. She talks to experts and "normal" people who have taken the right steps to make better money decisions.
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Now displaying: 2018
Dec 18, 2018

If you want to ensure that your finances are secure and in place to be ahead in 2019, this interview with Christine Benz can assist you with just that. Christine is the Director of Personal Finance for Morningstar and is the author of several personal finance books. She knows how to tactfully manage taxes and how to get your portfolio out of aggressive and detrimental positions. If you want to start off this next year with a well-organized portfolio by making educated tax-deductible decisions, listen in on this episode of Better Money Decisions with your host and financial advisor, Kate Stalter. 

 

 

Show Highlights: 

 

  • Things people need to do to wrap up 2018 and jumpstart 2019 
  • Ways to improve your portfolio 
  • Properly managing IRA accounts 
  • Strategies for tax law holdings and gains 
  • Working with wash sale rules 
  • Why capital gains distributions within mutual funds can be a tax trap 
  • Meeting redemptions from departing sale holders 
  • Step up in cost basis to account for tax distributions 
  • How inheriting money is beneficial in litigating taxes 
  • Charitable giving and itemizing 
  • Qualified charitable distribution strategies 
  • Clustering procedures and donor advised funds 
  • The importance of evaluating your portfolio and sourcing portfolio withdrawals 
  • Strategizing withdrawals to minimize taxes 
  • Taking advantage of temporarily low tax brackets 
  • When to take social security 

 

 

Resources: 

 

Christine’s article on Morningstar.com: 

https://www.morningstar.com/articles/891899/retirees-yearend-taxplanning-guide.html 

The Bodacious Benefits of A Donor Advised fund, by Lorraine Ell: 

https://www.kiplinger.com/article/taxes/T054-C032-S014-the-bodacious-benefits-of-a-donor-advi sed-fund.html 

Visit us on social media:
Facebook: ​https://www.facebook.com/bettermoneydecisions/
Twitter: ​https://twitter.com/FinancialBetter
Instagram: ​https://www.instagram.com/betterfinancialdecisions/ 

LinkedIn: ​https://www.linkedin.com/company/better-money-decisions/ 

Dec 11, 2018

For some reason, we prioritize our health, our home, our family, and often exclude one of the most important factors, our finances. Handling our money properly is crucial to being able to live the life we want, but it isn’t a task we should take on our own. 

In this interview, Nick Stuller, author of “The Truth Shall Set Your Wallet Free”, explains the vitality of having a trustworthy financial advisor and how to identify red flags. Tune into this episode of Better Money Decisions with Kate Stalter to learn more about how to manage the market and your money strategically. 

Show Highlights: 

  • Recognizing how few people actually understand financial advisors. 
  • The necessity for financial help. 
  • The general public and investors being misinformed. 
  • Different types of investor facing advisors. 
  • The importance of outside objective input
  • Becoming educated in your finances and seeking an advisor.
  • How the market affects clientele 
  • How to determine between a bad and professional advisor 
  • Questions to identify red flags 

Links: 

The Truth Shall Set Your Wallet Free

Facebook

Twitter

Instagram

LinkedIn

Kate's Contact: 844-507-0961

Nov 20, 2018

The stock market can be wildly unpredictable but understanding patterns and algorithms can help any investor make better financial decisions. It can also be beneficial when understanding when it is better to invest or trade, when to make a move in your portfolio, and the best strategies to implement. Anne-Marie Baiynd, Chief technical strategist and CEO at thetradingbook.com, and author of The Trading Book, is known as the worlds’ most successful trader and has professional insight on todays’ market. If you’re interested in learning how to strategize trading, tune into this episode of Better Money Decisions with Kate Stalter. 

Show Highlights: 

  • What long term investors can learn from trading 
  • The patience that comes with looking forward 
  • How to be more strategic 
  • The importance of simplicity 
  • Price and volume action 
  • Balancing why and evaluating patterns 
  • Broadening perspective 
  • How to discern between short-term and long-term market movements 
  • Comparing and contrasting past market crashes to now 
  • Foreign loans and debt 
  • Collateralized debt 
  • Why a current defensive posture is necessary 
  • Managing emotions around downturns 
  • Creating a trading journal
  • Evaluating and engaging with our why’s 

Resources: 

The Trading Book: https://thetradingbook.com/TTB/ 

Visit us on social media:
Facebook: ​https://www.facebook.com/bettermoneydecisions/
Twitter: ​https://twitter.com/FinancialBetter
Instagram: ​https://www.instagram.com/betterfinancialdecisions/ LinkedIn: ​https://www.linkedin.com/company/better-money-decisions/ 

Nov 13, 2018

As medicine and society has advanced, life expectancy has increased. This only makes the importance of preparing for the future that much more vital. In this episode of Better Money Decisions, strategies for long term investing, preparing for a market downturn, maintaining a healthy lifestyle, and how to achieve happiness is discussed. If you’re striving to achieve a happy, healthy, and successful lifestyle then todays guests, Dr. Marissa Pei and the Dividend Sensei, have plenty of credible tips to help you accomplish that goal. Tune into this episode of Better Money Decisions with your host, Kate Stalter, to learn how you can generate a plan for your financial and future success. 

 

 

 

Show Highlights: 

 

  • Recognizing the complexity of the global economy 
  • Confirmation bias 
  • Following courses of asset class investment 
  • Causes of financial crises and liquidity 
  • Why 88% is the most achievable number for happiness 
  • Tuning out negativity 
  • Media being used as a weapon 
  • The choice factor 
  • How to ensure a happy and healthy retirement 
  • Maximizing creativity 
  • The benefits of forgiveness 
  • How to change your mindset
  • Morning routine that’ll redirect the outcome of your day 
  • The damage complaining causes 

 

Resources: 

Dividend Sensei on Seeking Alpha 

www.facebook.com/bettermoneydecisions 

audibletrial.com/bettermoneydecisions 

Dr Marissa Pei 

bettermoneydecisions.com or (844)-507-0961

 

Nov 6, 2018

We're really happy to have Larry Israel, the president and founder of Exchange Analytics, with us today. On the show today, Larry talks about futures markets. He discusses the reason for futures markets to exist, and how they help to mitigate price risk. He also explains how he got into the business world, and how he found his very specific niche with the futures industry. Listen in today to hear what Larry has to share.

Exchange Analytics is a leading supplier of interactive online compliance training courses to the futures, derivatives, and securities industry. They are the largest supplier of ethics training courses that satisfy the requirements of the Commodity Futures Trading Commission and the National Futures Association. Listen in to find out more.

Show Highlights:

  • The reason for futures markets to exist.
  • A classic example of protecting a company against price risk.
  • How futures markets can help mitigate price risk.
  • Most people don't really understand what commodities, futures, and derivatives are. 
  • Larry explains what he does and what his company does.
  • The derivatives market has exploded since Larry started his career.
  • Larry explains what a derivative is and what futures and options are.
  • Ensuring that there's integrity in the marketplace.
  • The historic significance of the futures industry, and how it has been an integral part of the whole financial system.
  • Why Chicago has become the center for commodities trade for futures and options.
  • How the markets have become more regulated over time.
  • What an individual investor needs to know about commodities and futures.
  • The difference between speculation and gambling.

Links and Resources:

Larry's website:  https://exchangeanalytics.com/

To begin your Audible trial membership go to http://www.audibletrial.com/bettermoneydecisions.com

Audible's book about behind the scenes of the futures and derivatives industry: Zero Sum Gain. The Rise of The World's Largest Derivatives Exchange by Erica S. Olsen

 

Oct 9, 2018

Will Rhind joins Kate on the show today to have a candid conversation about commodities. Will is Founder and CEO of GraniteShares, an ETF company. GraniteShares from an idea to a successful start-up garnering the attention of Bain Capital and other well-known ETF investors who support his passion to create products that will change the way people see investing.

Will is a graduate of the University of Bath, in England, with a Bachelor of Arts in French, Russian, Politics and Economics. He has spent 17 years in the ETF industry, which began with iShares. He then transitioned to ETF Securities, and lastly, became the CEO of GLD before founding GraniteShares. Will has worked with both European and US ETF Markets, has a wealth of experience under his belt, and is an entrepreneur working hard to disrupt the financial industry with a start-up that’s gaining success. Listen to today’s episode to find out more!

Show Highlights: 

  • Will discusses how GraniteShares focuses on commodities and high income passthrough securities.
  • Will defines commodities as the most economically significant and most traded commodities in the world. Ie. energy market, agriculture market, metals market and food market.
  • Will further tells us that this works by not investing in commodity companies, but in commodities themselves.
  • Will says these can pair nicely complement to a portfolio.
  • Both COMB and COMG funds pull from a different pool of assets than those of stocks or bonds.
  • The COMB and COMG funds seek to do the same thing, which is to provide commodity exposure at a low cost and tax efficient manner to investors.
  • Will says the main difference between the two funds is that the COMB is a more diversified fund and the COMG has more exposure to oil and energy.
  • To break it down further,  Will says the investment will be 80% in Treasury Bonds,  and the shares/holdings are held in a subsidiary company, which eliminates the K1 at tax time.
  • Will explains the cap of exposure you can get with the COMB fund.
  • Will addressee why, at times, exchange traded funds underform.
  • Will explains how his company fits into various portfolios based on diversification.
  • Longer-term plans vs. shorter-term investing is explained by Will.
  • Will explains how approachable his company is, and encourages investors to reach out to anyone on his team.

Resources: 

www.graniteshares.com

www.facebook.com/bettermoneydecisions

audibletrial.com/bettermoneydecisions

Oct 4, 2018

More often than not, we want to go with whatever investment plan is the newest rage just because it’s a hot topic. What people don’t realize is that just because a strategy is hot right now, doesn’t mean it’s the best option for you. Exchange traded funds are popular right now because of their convenience, and while it doesn’t mean it’s the right strategy for you, it’s good to familiarize yourself with different investment techniques.

In this episode, Kevin Quigg, the Chief Strategist at Exponential ETF’s and host of Exponential ETF’s Podcast, talks about a unique system developed at his firm and how it fits in a strategy with your general investments. Today, our focus is on the American Customer Satisfaction Investable Fund, which is an EFT.

Tune into this episode of Better Money Decisions with Kate Stalter to enhance your investment knowledge. 

Show Highlights: 

  • The core of the investment thesis 
  • The relationship between customer satisfaction and security performance 
  • Creating an index 
  • How a portfolio turnover happens 
  • Utilizing data 
  • Satisfaction in action 
  • Sector weightings 
  • Consumer discretionary market place and market share 
  • How investors should view the potential performance of specialty ETF’s 
  • Risk and return rates 
  • How to balance funds 
  • Getting exposure or complimenting your company 
  • Large cap domestic growth 
  • Utilizing different processes 
  • Enhancing customer experience 
  • Adapting to provided services 
  • Creating data that makes informed decisions 
  • Hedge funds 

 

Resources: 

https://exponentialetfs.com/ 

www.facebook.com/bettermoneydecisions 

audibletrial.com/bettermoneydecisions 

Sep 25, 2018

If you’re tired of the same old financial tips like “stop buying lattes” then you have come to the right place. This is financial advice for grownups who have serious financial questions as you approach retirement and your next chapter in life. You’ve already worked hard and saved money now it’s time for the real financial challenges. Your host today, a top investment columnist for Forbes and US news & World Report, as well as a licensed investment advisor and president of nationally known asset management and financial planning firm “Better Money Decisions” Kate Salter.

 

Kate talks with Bob Lang on the show, he launched Explosive Options. We hear about his book on options, and some great information how you can use Options to protect you. 

 

Show Highlights:

  • Financial wellness and some cold brutal truths
  • Paying a planner by the hour and why it is not good
  • Resources you need to retire
  • Options and Bob Lang’s book
  • Buying a call and what it means with examples
  • Buying puts and what it means with examples
  • What people need to know about options
  • Controlling emotions
  • Volatility implied and Realized and what they are
  • What Bob’s take is on all the media and TV talking heads
  • Some success stories Bob has found significant 
  • Explosive Options and what they offer 
  • What type of environment Explosive Options is

Resources:

Better Money Decisions Show on Facebook

Explosive Options

AudioBooks Free Trial

Sep 4, 2018

One of the things that financial writers, and financial advisors talk a lot about is indexes. Dow Jones, S&P 500, NASDAQ. Some people don’t know exactly what an index is. Today we talk with Daniel Prince, the head of iShares product consulting at Black Rock. iShares operates a number of funds based on indexes. Daniel will explain exactly what these things are. Daniel will also discuss what Exchange Traded funds (ETF’s) and how you can use them as part of your asset allocation. ETF’s are often based on indexes and help track them. Stocks and bonds, mutual funds, ETF’s, are just vehicles to help you invest, to help you achieve what you want in life.

 

Show Highlights:

  • What is the very basic definition of Index
  • Brief example using S&P 500 to illustrate the points of index
  • Indexes were first formed to help measure yourself against the market
  • Some indexes are accepted more as standards
  • Some indexes are just something someone designed to sell a product
  • Not all indexes are created equal
  • Every index can look differently
  • Number one benefit is to do your research, and understand what the different indexes are
  • Can it be risky that there are so many choices out there with indexes?
  • Broad definition of Exchange Traded Fund
  • Most ETF’s today, not all, are tracking an index
  • Building an Asset allocation, trying to put your dollars to work
  • Broad market exposure helping build your portfolio

Resources:

Better Money Decisions Show on Facebook

www.ishares.com

Aug 28, 2018

You often hear people talking about a particular investment thesis. A few popular ones would be water, Bio-tech, Cannabis. Logic and investing are not as closely related as you may think. Any thesis is not right one hundred percent of the time. Different sectors may move in and out of leadership, which is normal. You should be knowledgeable about the investing universe so you can make informed decisions and choose the right for your risk tolerance, your time horizon, and your own unique financial objectives.

Along these lines today we hear from Bill Studebaker president and chief investment officer of Robo Global. Robo Global runs the robotics and automation index ETF. Bill will explain exactly what all that means and his approach on investing in companies that are at the forefront of using robotics and artificial intelligence, rather than trying to segment out to companies that only specialize in that space.

 

Show Highlights:

  • Background on Robo Global Robotics and automation index
  • How personally Studebaker became interested in it
  • Brief History of Robo Global
  • FANG Stocks (Big consumer techs): Facebook, Apple, Amazon, Netflix, Google
  • The fear of artificial intelligence and robotics
  • Using AI and robotics helps you move forward in your business
  • Some applications Bill is most excited about right now that are poised to make a big impact
  • Discuss some of the other sectors/industries that are represented in this index
  • How Bill envisions investors using Robo Global
  • How Robo Global finds companies that they feel have a technological mode to run the business
  • Robo Global’s target market
  • How Studebaker suggest investors use this fund
  • Robo Global is planning on launching new products
  • How listeners can learn more about Robo Global

Resources:

Better Money Decisions Show on Facebook

Robo Global Website

Aug 21, 2018

We all like clean cut predictions but unfortunately stocks aren’t like the weather. It is impossible to know exactly when or how the market will fluctuate, which is why it is important to always be prepared. If you’re looking for the best solutions to manage and prepare your stocks for future market corrections, Kate Stalter is here to teach you how. Tune into this episode of Better Money Decisions for the best advice on how you can avoid major risks with your stock investments. 

 

Show Highlights:

  • Normal market correction 
  • Making predictions for the market correction 
  • Stock fluctuation 
  • Buying in large 
  • Runaway inflation 
  • Uncertainty and risk 
  • Determining retirement money 
  • Being conscious of who you’re taking investment advice from 
  • Preplanning investments 
  • Looking at your current spending 
  • Taking on market risk 
  • Avoidable risks 

Resources:

Join the Better Money Decisions Facebook Group

Aug 14, 2018

The first step to money success is to build a good relationship with money, yet many of us are unaware of how to do that. Learning how to change your money mindset and limiting beliefs on money is the first step to financial freedom. 

Barbara Huson is a money coach and financial expert with a plethora of tips on how to use money to live life on your own terms. Tune into this episode of Better Money Decisions with your host, Kate Stalter, to learn how to use your money to achieve your goals and live with the financial freedom you deserve. 

Show Highlights:

  • How love encourages self-acceptance 
  • Being smart with money 
  • The process of working with finances 
  • Dealing with money beliefs 
  • Having confidence to make smart money decisions 
  • Fearing the consequences of intelligence 
  • Collective learning about money 
  • Openly talking about money 
  • The wealth connection
  • Creating a safe place to talk about emotions behind money 
  • Finding individual values 
  • Why it is important to create wealth 
  • Living life unapologetically 
  • Finding emotional healing 
  • Participating in financial decisions 
  • Steps to follow for financial success 

 

Resources:

Barbara's Website

Join the Better Money Decisions Facebook Group

Aug 7, 2018

At some point we’d all like to retire but what that looks like is different for all of us. No one wants to have to downsize their home, lack necessities, or have to work excessive hours in order to build up savings for retirement. Building up savings requires discipline and planning, yet many are unaware of how to do that. Fritz Gilbert, this weeks’ guest, is here to teach life lessons and valuable financial tips to help you build your retirement savings. Tune into this episode of Better Money Decisions with Kate Stalter to learn how you can start compound investing and building your net worth. 

 

Show Highlights:

 

  • Retiring early 
  • Being unprepared for retirement 
  • Techniques to prepare for retirement 
  • Advantages to saving later in life 
  • Making difficult decisions 
  • Resisting change 
  • Reduction in lifestyle 
  • How to begin planning for retirement early 
  • Personal retirement stories 
  • Lifestyle change 
  • Finding balance 
  • Keeping up with the Joneses 
  • Being on the same page financially as your spouse 
  • Recognizing the logistics of finances 
  • Automating your savings 
  • Being consistent 
  • Finding true contentment 
  • Developing a steady stream of income 
  • Making financial decisions based on political views 
  • Having liquidity and diversifying investments 
  • Domestic travel 
  • Mindset to have in retirement 
  • Knowing how to pivot 

 

Resources Mentioned:

 

Www.theretirementmanifesto.com 

Twitter & Facebook: Fritz Gilbert 

10 commandments of retirement article

 Betty and Gordon article

Jul 31, 2018

It can be difficult to separate personal or political views from finances. Often times we see negative or positive things occurring in media and assume they change the trajectory of the financial market. As investors, we must learn to separate ourselves from cognitive biases when making financial decisions. Daniel Crosby is a financial advisor who wants to share the secrets to acquiring wealth and investing successfully with you. Tune into this episode of Better Money Decisions with your host, Kate Stalter, to learn how to identify any biases hindering your investing success and how to overcome it.  

 

Show Highlights:

  • A deep dive in cognitive investing 
  • People believing their time is always the most volatile 
  • Misunderstanding the market 
  • Biggest behavioral issues in investors 
  • Investing according to politics 
  • Being optimistic about human potential 
  • Overcoming being surrounded by negativity 
  • Understanding broad market trends 
  • Positive effects coming from negative things 
  • How to be informed consumers 
  • Transitioning from psychology to finance 
  • Developing models and how they correlate with human behaviors 
  • Finding data that supports your approach 
  • Behavioral components 
  • Determining which investment philosophy is the best 
  • How to control emotions and tune out tips in the news 
  • Making good choices and staying in your lane 
  • What makes women better investors than men 
  • Overconfidence and cognitive biases 

 

Connect with Daniel:

The Behavioral Investor by Daniel Crosby

Twitter: @DanielCrosby 

LINKEDIN: Dr. Daniel Crosby 

Jul 24, 2018

The industry around cannabis is growing rapidly and making monumental advancements. Many new products and technology have been developed that will not only benefit growers of cannabis, but will make a tremendous impact agriculturally. 

While the majority of this industry is still in the shadows, Debra Borchardt, the Co-founder and Editor of Green Market Report, is here to help those who are interested in cannabis stock investments. Tune into this episode of Better Money Decisions with your host, Kate Stalter to learn all aspects of cannabis investing, economics, and the opportunities for you to make stocks a part of your investment portfolio. 

 

Show Highlights:

  • The initial attraction to starting this business 
  • Penny stocks 
  • Stock promotion 
  • Listing requirements and IRS issues 
  • Canadian companies and US exchange 
  • 401K benefits and umbrella companies 
  • Challenges for individual or institutional investors 
  • Publicly traded stocks 
  • Legality of cannabis 
  • Advances and indoor growing 
  • Resurgence in depressed areas 
  • Ag-Tech being used in the future 
  • Getting started in investing 

 

Resources:

www.greenmarketreport.com 

Jul 19, 2018

There are many factors to consider when getting a divorce, but finances may be the most important issue to get properly resolved. There are misconceptions that people have when it comes to financial division in divorce, but Nancy Hetrick is here to invalidate those misunderstood views and inform you on how to reach the best overall solution for your divorce financially. Tune into this episode of Better Money Decisions with Kate Stalter to learn how you can come to the most suitable and beneficial financial solution in your divorce. 

 

Show Highlights:

 

  • CDFA growing in significance 
  • Creating a different process for people 
  • Optimizing property 
  • Determining whether alimony should be paid 
  • Deciding how to balance and adjust financially 
  • Having support needed when you’re emotionally overwhelmed 
  • Forgetting who the decision makers are 
  • Not being willing to compromise 
  • Limiting resources 
  • Giving up 
  • Betting the farm on a new relationship 
  • Wanting guarantees and certainty 
  • Helping people avoid litigation and the court process
  • Being hired as an advocate 
  • Forensics involved in finances 
  • Proportioning out growth in retirement assets 
  • Collaborative divorce 
  • IACP – working towards a settlement 

 

Resources: 

Smarter Divorce Solutions

Nancy’s book on Amazon

Nancy’s Contact Information:

877-552-4017

Nancy@smarterdivorcesolutions.com

Jul 17, 2018

Sustainable investing is becoming a revolution that many of us may not be well informed on. Learning to spend your money and profit only off companies that align with your morals is fulfilling and impactful. Cliff Feigenbaum is the founder of the Green Money Journal, and actively promotes sustainable investing. Tune into this episode of Better Money Decisions with your host, Kate Stalter to learn how to invest your money more sustainably and make a difference in your environment. 

 

Show Highlights:

 

  • Societal and Demographic changes that have influenced business 
  • Investing long term 
  • Personal accountability and transparency 
  • Solutions coming in and approaching sustainability 
  • Avoidance and community investing 
  • Share-holder activism 
  • Companies shifting to millennials and women 
  • Being an entrepreneur with pushback 
  • Getting influential people to contribute to your business 
  • Making healthier food affordable to more people 
  • Trends in impact investing 
  • Growth in financial planning 
  • Making a real impact 
  • Making new connections and covering new ground 
  • Concepts about money that everyone deals with 

 

Resources:

https://greenmoneyjournal.com/ 

Jul 12, 2018

A good financial advisor should be there to assist you in understanding your assets; frankly, that isn’t always the case. Many advisors take advantage of their clients and their lack of understanding. No one wants to be in this situation and facing uncertainty for their financial future. Tune into this episode of Better Money Decisions with Kate Stalter and Lorraine Ell to learn how to avoid a financial crisis and replenish your account. 

 

Show Highlights:

 

  • Not putting up with subpar financial advisors 
  • Horror stories of poor advisors 
  • Being ignorant and stuck in the past 
  • Finding new ways to help your clients 
  • Advisors taking advantage of unaware clients 
  • Advisors incentives and mutual funds 
  • Suitability Rules 
  • Working with someone you like but isn’t working in your best interest
  • Ways clients aren’t being served 
  • Women being discredited 
  • The downfall of handling your own finances 
  • Runaway inflation and bond portfolios 
  • Achieving the best outcome for retirement 

 

Resources:

Brokercheck.com 

Bettermoneydecions.com 

Wecanhelp@bettermoneydecisions.com 

844-507-0961

 

Bozos, Monsters and Whiz Bangs Financial Advisors ebook

 

https://bozosmonsterswhizbangs.com

Jun 25, 2018

Socially responsible investing is something we can all do without settling for a low return rate. There are many ways you can find companies that fit your personal values and positively impact the environment, along with other people’s lives. With the right research and assistance, you can learn how to find these companies without having to jeopardize your return. 

To learn how to invest ethically, sustainably, and support companies that aid foundations you care about, tune into this episode of Better Money Decisions with Kate Stalter. 

Show Highlights:

  • What socially responsible investing looks like 
  • Using your funds to make a positive impact on something that matters to you
  • Ethical Investing 
  • Looking into investment candidates 
  • Using governance to make investments 
  • Not sacrificing your return to invest responsibly 
  • Focusing deliberately on high returns and sustainability 
  • How investors can force companies to make changes 
  • Companies involved in other companies you don’t support 
  • Institutions, Foundations, and companies becoming more socially conscious 
  • Share Holder Activism 
  • Considering a fund’s investing style, expenses, and quality
  • Making sure you have the right elements in your portfolio

 

Resources:

Contact Information: 844-507-0961 Extension: 702

Kate@bettermoneydecisions.com

Kate's Article in Forbes Magazine  

Kate's Article in US News and World Report 

Jun 21, 2018

Purchasing a home is one of the most monumental investments an individual will ever make. Whether or not this investment will circulate revenue is always a risk, and sometimes it isn’t the smartest one. There are many factors to consider when investing and despite common belief, real estate may not always be your best answer. 

 

In this episode of Better Money Decisions, Aaron Hendon will discuss practical advice on passive income, investing in the stock market versus real estate, the value of buying over renting, and so much more valuable advice. Tune into this episode of Better Money Decisions with Kate Stalter to learn how to make better investments and avoid common mistakes. 

Show Highlights:

  • Mistakes people make when investing in real estate 
  • The risks of people in retirement having a mortgage payment
  • Investments that have a higher return than real estate 
  • Considering all of the factors that go into whether you should rent or buy 
  • Understanding circumstances along with numbers 
  • Why one size fits all is not applicable to every situation 
  • Evaluating performance before you select a realtor 
  • 7 questions you should ask a realtor 
  • Credentials for becoming a realtor 
  • Combining emotions with rational decisions 
  • Boomers taking care of aging parents 
  • Providing answers before a crisis occurs 
  • Getting people to acknowledge inevitable issues 
  • Being an advisor to clients 

Resources:

Shortchanged by Shortcuts Book

 

Jun 14, 2018

There are many possible challenges when it comes to retirement, especially for women. The list of factors to consider are endless; from health care to income, to estimated life expectancy, it can be difficult to calculate. If you would like to learn how to manage and organize a financial retirement plan tune into this episode of Better Money Decisions with Kate Stalter. 

 “Women need to set aside 20% more than men for health care.”Kate Stalter

Show Highlights:

  • Saving money for retirement as a woman 
  • The gap between men and women’s retirement income 
  • Women, money, power 
  • Paying the bills 
  • The purpose of being aware of finances, if your husband delegates the finances 
  • Health care and longer life expectancy 
  • A specialized approach to your personal situation 
  • Planning to make sure you don’t outlive your money 
  • Women working longer 
  • Financial wellness for life 

Resources:

www.bettermoneydecisions.com

 

 

 

 

 

Jun 12, 2018

Retirement is often something we don’t give much thought until it’s too late. There are many simple ways you can save to have money in the future, or to generate more income now. Marc Lichtenstein is a financial expert, the author of the book “You Don’t Have to Drive an Uber in Retirement”, and he has many easy tips that could help you start saving money now. Tune into this episode of Better Money Decisions with Kate Stalter to acquire quick and easily applicable tips to maintain your desired lifestyle. 

“Saving for retirement, unfortunately, slips through the cracks for most people.”

 

Show Highlights:

  • The Oxford Club 
  • Generating more income 
  • Complications with saving for retirement 
  • Making sure you get protected when you lend money 
  • Help savings accounts 
  • Cutting costs 
  • How to maintain your lifestyle 
  • Things people do to save that you shouldn’t do 
  • Why annuities may not be a good idea 
  • Reverse mortgages 

 

Resources:

Goodrx.com 

Oxfordclub.com 

Wealthyretirement.com 

Uberretirementbook.com 

NY Times Article

Apr 11, 2018

Today we're diving deep into the vault and airing this fantastic conversation with an amazing financial mind! He's and author, speaker, and financial advisor. He is Beau Henderson, and his book is The Rich Life: Ten Investments for True Wealth.

What You’ll Hear from Beau:

  • We must blend the principles of money and real-life into “Functional Financial Planning.”
  • “A Rich Life” boils down to what people value, connect to, and what “lights” them up.
  • Media that Beau uses most? Radio and Audible for reading books
  • About his decision points early in his life, Beau says, “I’m the poster child for learning lessons from messing up!”
  • Beau has a unique perspective of looking at life as a school curriculum that we have to repeat until we pass.
  • An attitude of gratitude!
  • “Life School”—how this realization hit Beau with a seven-figure debt!
  • Beau learned the priceless lessons of risk, relationships, partnerships, and survival.
  • “I was determined to learn the lesson and be better for it.”
  • Listen to hear about the turning point that brought him face to face with reality.
  • “Don’t pursue wealth, but view it as a tool to create a meaningful life.”
  • Beau’s focus is to build something that has a legacy to it.
  • He has a partnership with Junior Achievement in a financial literacy course for kids.
  • Today’s kids have less savings and more debt than their parents!
  • Experiential learning is necessary to be a good financial advisor.
  • Everyone should be talking about money!
  • “Being an ostrich with your head in the sand is a BAD financial plan!”
  • Get clarity and be honest about where you are with your money right now—KNOW YOUR NUMBERS!

Resources:

http://www.richlifeadvisors.com/

Get our free financial planning diagnostic by emailing us at wecanhelp@bettermoneydecisions.com

Mar 5, 2018

Today we're going to be talking about whether or not a Reverse Mortgage is a good idea. This is a topic that there's a whole lot of misinformation about, so Kate has a fantastic guest on the show, to give you the truth of it. Wade Pfau actually wrote a book about the topic, so listen in as he clarifies this for you today.

Wade, who's a Ph.D and a CFA, has been interviewed by Kate before, for US News and World Report. Wade is a Professor of Retirement Income in the PhD Program for Financial and Retirement Planning, at the American College of Financial Services, in Bryn Mawr,  Pennsylvania, where they offer a lot of great courses, in the Financial Services arena. Wade also serves as a Principal and Director of Retirement Research for McLean Asset Management and he hosts the Retirement Researcher website, as an educational resource for individuals and Financial Advisers. He also holds a Doctorate in Economics from Princeton and he frequently publishes in a number of Academic and Practitioner Research Journals. Listen in to get the truth about Reverse Mortgaging.

 

Show Highlights:

  • Wade discusses some of the more common misconceptions around the topic of Reverse Mortgages.
  • There used to be high costs involved in setting up Reverse Mortgages, but if you shop around a bit, you can find lower cost versions, now.
  • Wade talks about the risk of foreclosure, due to people not being able to keep up with the property taxes and the other costs of keeping the home.
  • Using a Reverse Mortgage, as it's been written about in the Journal Of Financial Planning, as part of a strategic and responsible Retirement Income Plan.
  • Wade gives a short tutorial on how a Reverse Mortgage works
  • A nice planning trick- If you open a Reverse Mortgage and don't borrow much from it right away, your line of credit grows instead of the loan balance. This can create a lot of options for you, for later on, in your retirement.
  • Wade discusses who the best (or the worst) candidates are, for a Reverse Mortgage.
  • Wade talks about the idea of getting people to think about incorporating this strategy with overall Retirement Planning.
  • Four general ways to manage a Sequence Of Returns Risk: 1) Spend conservatively. 2) Be very flexible with spending. 3) Eliminate volatility from the portfolio. 4) Have a buffer asset. 
  • How a Reverse Mortgage would fit for someone who's looking at self-financing a Long-Term Care Plan.
  • You have to be living in the home, to maintain a Reverse Mortgage.
  • Some of the 'big picture' things that you should be aware of, when considering a Reverse Mortgage.

 

Resources:

Wade's website: www.retirementresearcher.com 

 

 

Wade's book, Reverse Mortgages- How To Use Reverse Mortgages To Secure Your Retirement, is available from Amazon.

 

Feb 15, 2018

When couples think about building intimacy, investments and budgets rarely make it high on the priority list. Many partners dread financial talks for a number of reasons, but deep down I think most of us are afraid to get real about our financial situation. Whether you think money doesn’t belong in normal pillow talk, or are scared to admit your past spending mistakes, it is essential for the health of your relationship that you learn to grow in financial intimacy. 

 

My guest today is Jacquette Timmons, author of Financial Intimacy and expert on the subject of money and relationships. Jacquette’s interest in the subject began as a spark of curiosity. She started to notice certain patterns and biases women, in particular, were operating under in their relationships. She studied further and found that most women handle no finances for their household at all. Many couples do not even talk about money unless it has to do with a large transaction. Time and again, Jacquette observed tragic and difficult situations were made worse because one or more individuals in the pair were afraid to be intimate with their finances. This hardship is entirely preventable, and Jacquette is going to show us how it’s done. 

 

Like peeling back layers of an onion, Jacquette is going to reveal exactly why it is so hard for us to talk about money, and where most of our biases and insecurities lie. We will compare perspectives on finances from a woman’s perspective, as well as a man’s. She has excellent advice for singles who are not currently in a relationship, as well as couples who have been together for a long time. It is never too late to start building financial intimacy, and it is easier than you might think! 

 

More in this episode: 

  • Learn why Jacquette wrote her book, and the spark of curiosity regarding couples and intimacy. 
  • Couples are keeping financial information from one another, and that has to end! 
  • Based off of Jacquette’s field research, many women defer financial management to their husbands. 
  • We also need to be discussing our abilities to withstand financial stress. 
  • Never make assumptions about what others are thinking about money. 
  • There are gender biases about how we perceive money. 
  • Financial Intimacy advice for singles, long-time partners, and non-traditional couples. 

 

 

Resources

Financial Intimacy by Jacquette Timmons 

 

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