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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Aug 30, 2017

Today we have a really great guest for you on the show. He is Jeffrey Ingraham, Vice President of Consultant Relations and a Portfolio Strategist at  Manning and Napier. Today he talks about a really important topic for investors, one that a lot of people don't really think about- Small Cap Stocks. A stock is generally classified as small if it has market capitalisation between three hundred million and two billion. If you're wondering what market capitalisation is, it's really quite simple-  it's the number of shares outstanding in a stock, multiplied by the share price, so it's basically the value. Listen in to find out what Jeff has to tell you about Small Cap Stocks.


Jeff has a really deep knowledge about this particular asset class. He's written a blog post, called Three Reasons To Invest In International Small Cap Equities, where he has cited three reasons to do so and these are: historical outperformance, growth opportunities at attractive evaluations and portfolio diversification. Listen in now,  as Jeff discusses these three good reasons for investing in Small Cap Stocks.


Show highlights:


  • Jeff explains the value in diversification.
  • Jeff explains why US investors diversified to begin with, should consider investing in Small Caps, outside of the US.
  • Jeff's take on owning both US and international investments.
  • Jeff discusses International Small Caps- an asset class that a lot of US investors don't even realise exist.
  • The importance of understanding how asset classes interact with each other.
  • The reason that you don't get true diversification by investing in the larger companies which are located outside of the US, anymore.
  • How to retain the less correlated asset classes with better diversification potential, by investing in International Small Caps.
  • You may have to sometimes invest in things which are unfamiliar to you, in order to get some diversification.
  • Getting comfortable with the idea of the type of business that you're investing in, rather than the name.
  • The consistent historical outperformance of Small Caps.
  • Jeff explains why the Small Caps have consistently outperformed.
  • Jeff discusses the growth rates of emerging markets.
  • Spreading your risks vs picking your stocks, within an asset class.
  • Jeff explains why the valuations on some of the International Small Caps are attractive.




Jeff's website: 


Aug 3, 2017

Kate starts out today, by answering a question from Lisa in Albuquerque, who asks: “Do I need an Estate Plan?” Kate explains that it's a no brainer to refer a client with $10,000,000 in assets to a good Estate Planner, however the majority of people just don't have that much in assets.  You need not despair though, as Kate points out  some simple steps that you can take:


  • Have you changed the beneficiary designations on your accounts? That really is important and it's something that many people omit to do, as their life situations change.
  • Another thing to think about is a Basic Estate Plan, for families with young children.
  • If you are a Boomer grandparent and there are minor children that you'd like to assist, a Basic Will and Power of Attorney documents, in case of an accident, or a severe health issue will really be a great idea.
  • People without children, who cannot decide who to name as their beneficiaries. You can name a Non-Profit as your beneficiary. Even some people with grown children do that at times.
  • How do you want to be remembered? Think about the legacy that you want to leave- that's really the bottom line here. 

If you want to discuss the emotional issues involved with any of this, Kate urges you to reach out to her, because this issue of Estate Planning raises so many emotions and  money is not a logical topic, even though we tend to think that it is. 

So, if you want any help with this Estate Planning process, call Better Money Decisions on 844 507 0961 (Extension 702 for Kate) or you can email Kate at:



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.




Wade's website: 



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


Jul 13, 2017

In this episode, we are delighted to have on the show the very knowledgeable Jeff Hirsch. Jeff is one of the masterminds behind the Stock Traders Almanac, and will soon become a Research Consultant with Probabilities Fund Management. Probability—that’s the key for Jeff and his team. How can we begin to predict when to buy, sell, trade, and watch the market trends? The Stock Market ebbs and flows throughout the seasons (and throughout the day!) Using decades of data to back them up, the Stock Traders Almanac takes probabilities and turns them into strategies for your investments. 


Sit for a moment with Jeff today as he gives you unique insights on the Market itself, does a little forecasting for the year ahead, and summarizes the way the Almanac could be useful to you today. You do not want to miss out on this opportunity to learn from this pro. After all, it is in his DNA! 


Also in this episode: 


  • The 5 Disciplines of the Stock Traders Almanac.
  • Jeff talks Seasonality within the Stock Trade. 
  • Jeff’s journey to taking up the Family Business. 
  • An assessment of the first 5 months of the year. 
  • Election years and stock trends: how do the two relate? 
  • Looking ahead in 2017 toward market trends. 
  • Despite the influence of bots, the daily market still behaves like humans. 
  • Jeff describes the Switching Strategies and the scientific key to their success.
  • Tips and tricks for using the MACD
  • Bad good months, and good bad months. 



The Stock Traders Almanac

Link up with @almanactrader on Twitter 


Jul 6, 2017

Today's guest is Aaron Hendon, a Real Estate Agent from sunny Seattle, in Washington. Kate was really intrigued to talk to Aaron because he has such a good take on the mistakes that people tend to make and also some of the pitfalls when buying Real Estate. Aaron also assists Boomers and their aging parents to navigate some of those difficult Real Estate transitions- and this really is a big thing! Listen in to find out more about Aaron's holistic and rather contrarian approach to making this kind of investment.


Kate points out that people tend to think that once they're retired and no longer have a mortgage, they are free of housing costs. Yet, Kate and her colleagues have been finding more and more in their Financial Advisory Practice, that people, before having met them, purchased homes that were probably not great financial decisions. They often still have to pay really high mortgage costs, when nearing retirement age, which makes things difficult and can sometimes even mean that they could have to delay their retirement. They also sometimes see people, who are in their sixties, building their dream homes and that's often a tough thing to afford. Kate even has an eighty-year-old, who still has a mortgage - and there are more people out there, in similar situations. Listen in now, as Aaron shares some really great advice, to help people who are finding themselves in situations like these. 


Show Highlights:


  • Having a mortgage is potentially going to become a risky thing as retirees get even older still.
  • There are investments that give much higher returns than Real Estate.
  • The transactional costs alone, if you're not going to be in a house for five years, can keep you from getting a decent return on it.
  • That each individual has their unique situation to consider.
  • That what's best for you now, may not be best for you in ten year's time.
  • Some factors to consider when thinking of buying a house.
  • Sometimes, renting a house could be your best choice.
  • How Aaron, as a Realtor came to his contrarian viewpoint.
  • Aaron's book called Real Estate Blind Spots, that he's busy working on at the moment. It's about doing due diligence- to help you to make a rational choice when it comes to choosing a Realtor.
  • Aaron's pamphlet, with the seven questions that you should ask a Realtor, before employing them.
  • Realtors have to study for only ninety hours to qualify for licensing - and your house is the single most expensive thing that you own!
  • Buying a house is a deeply emotional experience.


Aaron's website- where you can download his book, get onto his mailing list, or contact him: Anyone on the mailing list will automatically get a copy of Aaron's new book, Real Estate Blind Spots.

Jun 22, 2017

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!


Jun 15, 2017

Today's guest, Kirk DuPlessis of Option Alpha, explains some really difficult concepts in an easy way for you to understand. He also talks about Option alpha and what you can learn there, at absolutely no cost! Listen in and find out what Kirk has to share with you today! 


Kirk, who has a finance degree, started out working on Wall Street, as an Investment Banker. With the demanding hours, however,  he quickly realised that it wasn't for him. So he became a REIT Analyst for a short time, but he decided to leave, as he found he had no real passion for that either. Then, about eight years ago, he started trading for himself. He began sharing his journey online and started a Google Blog, where he posted his decisions, trades and thoughts. People started asking questions and so he began to put together some videos and courses. One thing lead to another and now he has a really nice community of people, who are both learning and educating. This is Option Alpha, which is really a platform to help to educate people. What makes them different, however, is that they don't charge for any of the education or the training. Listen in now, as Kirk explains all about how to be successful, with Options Trading.


Today, Kirk talks to Kate about:


  • Why there is no need for Option Alpha to charge anything for their education or training that they offer.
  • How they are monetizing Option Alpha.
  • His thoughts on people using Institutional Methods for trading. 
  • What Kirk really does, at Option Alpha.
  • What Warren Buffet does with Options Trading and Insurance in the US.
  • That Options Trading is very much like selling insurance. 
  • How you can control the risk, with Options Trading.
  • Why Options Trading is superior to buying stocks.
  • Some things that the newbie to Options Trading really needs to know.



Kirk's website:


Jun 6, 2017

“Financial Success doesn’t start in your wallet.” These are Jacquette Timmons words of wisdom to anyone willing to make positive changes in how they think about money. In today’s market environment, it is more important than ever to have a healthy mindset about your choices regarding money, but sometimes it leaves you scratching your head. What does it take to feel confident about the money choices you are making? It seems the answers might lie in your behavior

Jacquette is a Financial Behaviorist, meaning she makes a point to study people’s behavior and the motivations behind it. Through speaking, writing, and creative approaches to coaching, Jacquette helps clients not just change their mindset about money, but their behaviors as well. To that end, she will show you not just how to manage your money, but manage your choices. 


Show Highlights:


  • Learn a Financial Behaviorist’s tools of the trade. 
  • See how the financial crisis of 1987 impacted Jacquette’s outlook on finances. 
  • Personal finance is a relatively new study. 
  • How an increase in understanding of human behavior has led to an increased understanding of personal finance. 
  • A discussion of the problems of the Law of Attraction. 
  • The need for a plan of action. 
  • How workshops and keynote speeches can pave the way to a new money mindset. 
  • How is personal finance like going to the doctor? 
  • Jacquette explains her coaching practice. 
  • Learn to challenge your behavioral biases. 



Finance for Normal People by Meir Statman 

Financial Intimacy by Jacquette Timmons 



Jacquette’s Website 

Twitter: @jacqmtimmons 

Sign up for the Financial Wheel:

The Comfort Circle:


Kate‘s Article for US News and World Report:


May 11, 2017

Today's guest, Stephen Daney, has been helping people to manage their debt and also to manage some of their emotional issues around money, for a really long time. Kate points out that lately, there is more awareness about the effect that the way that people feel about money has on their financial behavior. Listen in today and find out more about how your thoughts and feelings impact on your financial decisions.


Stephen, who is also part of the team at Better Money Decisions, has a fascinating and a rather unusual background for a Financial Advisor. He started out living in a monastery, where money is not really dealt with at all. This lead him to think about the role and purpose of money in people's lives, so he started working with people who were having to borrow money at higher rates. Looking at their habits and money management practices, he began to formulate a way to inspire people to change the way they think about and manage money, as it all begins with a mindset and feelings. Stephen developed a systematic way to help people to understand those thoughts and feelings and to manage their money more effectively. His system eventually matured into what he now calls The Life Money Mastery Program. Listen in today and find out how you can change the way you think about your money and make better financial decisions.


Today, Stephen talks to Kate about:


  • The role of emotions when it comes to money decisions.
  • American people's attitudes towards people who have lots of money.
  • How people tend to judge themselves when they inherit money.
  • His Financial Biography and how that works.
  • How people often tend to have contradictory attitudes within themselves, about money.
  • Some of the things he brought from his Buddhist training to his financial practice.
  • Establishing good and simple money management and money counting practices.
  • The importance of establishing regular habits of attending to your finances.
  • Getting out of your mind- establishing your financial habits so that you no longer need to think or worry about them.
  • The importance of exploring the things that are important to you.
  • That many practices today don't really work because they tend to be rather shallow.
  • His really practical approach to finances.
  • Bringing people's awareness to a point where it's serving their greater life purpose and their greater life goals.
  • That he works with whichever value system is held by the person seeking his help. 
  • How people tend to get stuck in their belief system and that awareness can help them to overcome this.
  • How he helps people to stay on track, with their practices.
  • Old dynamics around finances that both women and men need to change in their lives.
  • How you can get started with  Stephen's The Life Money Mastery Program.




Stephen's website:


Stephen's email: 





Book: Behavioural Finance by Meyer Stockman


Apr 18, 2017

Kim Laughton, is President of Schwab Charitable, a non-profit, donor-advised fund provider established with the support of Charles Schwab & Co., Inc. to make charitable giving simpler and more tax-efficient for clients. She is responsible for the general management of Schwab Charitable and the fulfillment of its charitable mission, setting strategy and priorities and ensuring all contractual obligations and goals are met. She’s here today to show us how to link your investment strategy with your tax strategy. Your investments can help reduce your tax bill in certain situations. You can even donate your required minimum IRA distribution. It’s Tax Day, so everyone is thinking about their taxes, but truthfully, thinking about taxes long before Tax Day will help you maximize your tax due.

Listen as Kim and Kate discuss:

  • Charitable giving is a very flexible way to reduce your taxes.
  • How donating appreciable investments can allow you to give 20% more than usual.
  • Only a qualified 501(c)3 can accept these sorts of charitable donations.
  • Donations made for a tax perspective can be made into a Donor Advised fund, and donations can be made later from the fund. It separates the tax decision from the giving decision.
  • What you need to pay attention to in any Individual Tax Reform Legislation
  • Now is the time to start looking at your tax situation longer term than just from one year to the next.
  • An accountant or investment advisor can help you plan your tax strategy.
  • Who is eligible for the $100K Required Minimum Distribution
  • The tax benefits and savings from donating your RMD to charity


Apr 5, 2017

Today, Kate and her guest talk about Social Security. For the last three years, Kate has been teaching people about Social Security with her seminars. This has been really important when considering that there is an endless supply of Baby Boomers out there, turning sixty two every month, who are interested in finding out more about the Social Security system.


When Kate started doing these seminars back in 2013 and she was looking for relevant information, one of the first books she read was Social Security Made Simple. On today's show, Kate talks to Mike Piper, the author of that book. Although Mike is a licensed CPA,  he's no longer in the CPA business, as these days, he is a full time author. Listen in today to find out more about the current Social Security system and how it could affect you.


Today, Mike talks to Kate about:



•How the significant tweaks to the Social Security system, late last year and early this year, have necessitated some re-writing of his book.

•Whether the claims that Social Security is going bankrupt and that it cannot pay out projected benefits is a legitimate cause for concern, or not.

•The kinds of mistakes that people tend to make, that ends up costing them a lot of money.

•That the appropriate time for people to apply for Social Security is not necessarily linked to their age at the time of their retirement .

•Whether there could be times when claiming Social Security benefits early could make some sense.

•Some restricted strategies that are still available to people who were born at certain times.

•An overview of the complicated situations that tend to affect people who work for certain Government entities, like the Windfall Elimination Provision and the GPO and why people really don't like this .

•The best course of action for people who are affected by these complicated situations.

•The Family Benefit Maximum- what it means and where it's applied.

•How people should go about looking into the Family Benefit Maximum if they think that it applies to them.

•Some of the tax issues that people tend to make mistakes about with Social Security.


Mike's Blog:


Taxes Made Simple and all of Mike's other books are available on Amazon.


Mar 9, 2017

If you're pouring time and money into a business that's not generating a return and you would like to find out whether it's worth continuing, or if your business is just limping along and you're wondering whether to keep going or throw in the towel, listen in  to today's show and find out from someone who really knows.


Today's guest is Stacy Tuschl, an entrepreneur, Business Coach and author of the book Is Your Business Worth Saving. Stacy's book, which was launched in September, had thirteen thousand downloads in the first forty eight hours and also became a number one best seller. Listen in today and get some of the nuts and bolts education that you just don't get in Business School.


Today, Stacy and Kate discuss:


•The title of Stacy's book- why it works.

•What goes into the decision about whether to start your business in the first place.

•Stacy's practical advice about dealing with money in your business.

•Why hiring an expert can save you a lot.

•Some of the warning signs that your business may be in trouble.

•When it's a wise idea to throw in the towel and walk away.

•How to go about saving an ailing business.

•Dealing with psychological blocks in business.

•The main things that Stacy sees that get in the way of people having a successful business.



Stacy's website:

Stacy's Podcast: Business Rescue Roadmap

Stacy's Free Facebook Group: Level Up Your Tribe



Books: Is Your Business Worth Saving by Stacy Tuschl


           Don't Let Your Money Kick The Bucket Before You Do by Kate Stalter


Mar 7, 2017

Today, Kate and her guest, Wendy J. Cook talk about evidence-based investing, something which is not very easy to understand. Wendy explains the need for investors to understand what passive, or evidence-based investing is and that typically, in the financial media, you will find that the magazines, TV channels and newsletters make their money by getting you to put your portfolio together in reaction to what's happening in the current news. She explains the necessity of ignoring this short term noise, which doesn't contribute to the long term returns.  She talks about some of the behavioral biases that control investors to make poor decisions and buy a random collection of what can best be described as ''stuff''.  


Kate points out that this is  neither an allocation, nor is it diversification- it's just a bunch of  ''stuff''. She explains that this would be  neither an effective nor an efficient way to manage your portfolio, as that is only a short term viewpoint, which makes people feel like they're doing something, yet it's just the illusion of a control bias. Wendy talks about this and she also clears up some of the jargon you might hear from the financial media. 


Wendy is the owner of Wendy J. Cook Communications, which provides writing and editing services  to evidence-based registered Investment Adviser Firms that construct client portfolios using funds from Dimensional Fund Advisers. This is exactly what is done at Kate's firm, Better Money Decisions- they use Dimensional Fund Advisers, as well as other, similarly structured solutions. Wendy was formerly the Director of Communications for Bam Advisor Services, Buckingham Asset Management. Listen in today and find out why your investment portfolio management should be based on the science of investing, rather than a reaction to current events.


Today, Wendy talks to Kate about:


•A simple definition of what evidence-based investing is.

•How having a plan when you start out can prevent you from buying just a whole lot of “stuff”.

•How she faces the challenge of breaking down the terms which refer to active vs passive investments.

•Why she would prefer to work with a professional financial advisor, even though she understands all the over-arching principals of investing.

•That the behavioral component is the most important thing.

•That the greed component is still evident to her today.

•How we, as a financial community, come up with what is and what is not supported by evidence.

•Five points from Larry Swedroe's new book, The Complete Guide To Factor Based Investing: 1) It has to be Persistent   2) It has to be Pervasive  3) It has to be Robust  4) It has to be Investable  5) It has to be Explainable 

•That it takes some training to understand the data in studies. (Kate points out that data is not opinion based.)

•There is no cohesive strategy coming through the media- they are usually working against the investor and the science of investing.



Wendy's website:

Wendy on Twitter: @wendyjcook


For your questions about anything in the show, or otherwise, write to:


Resource: The Complete Guide To Factor Based Investing by Larry Swedroe


Mar 2, 2017

The question of whether or not to buy gold comes up a lot for Kate. She mentions that people often tend to think of gold as having special powers, due to the lack of correlation with the stock market. Kate understands the appeal as an alternative asset class, however, she does point out that the lack of correlation is often the wrong reason to buy gold. Also, she reminds you to be aware that talk radio shows are often sponsored by gold traders and gold companies. 


Today's guest is Peter Hug, a Gold Trader and expert commentator with Kitco. Today, Peter explains about the different types of gold investors. He also talks about rebalancing and about the times that gold is a poor investment. He gives the pros and cons of investing in it and explains that gold is merely an asset class, not a supernatural type of protection against inflation, the president, or anything else. He explains the importance of being prepared and understanding your reasons for investing in it and also understanding where gold fits into a diversified market. Listen in today and equip yourself to make the right choice, when making an investment.


Today Peter talks to Kate about:


•Himself, Kitco and what he does there.

•The idea of people using gold and precious metals as investments, in context with the other holdings in their portfolios.

•That the psychology of selling or adding  to a position on weakness is difficult for a lot of investors- yet you need to do it.

•The pros and cons for an investor to be using products like ETF, IAU or GLD.

•Some of the risks inherent with buying gold because people think that something is going to happen to make the gold price go up.

•Why he thinks that BREXIT won't be as bad as people think.

•His advice to investors with an allocated portfolio, looking at financial planning, about where to start researching whether or not to buy gold.




Peter's Blog: 


Peter's email:



For your free portfolio risk assessment:







Feb 28, 2017

Today's guest is Jordan E. Goodman, America's Money Answers man. He is a nationally recognized expert on personal finance as well as being a regular guest in the media, such as The View, Fox News, Fox Business, CNN, CNBC, CBS and many other places. He is the co-author of thirteen best selling books on personal finance and he was previously the Wall Street correspondent at Money Magazine.


Lately, Jordan has been examining the idea of a Life Settlement- in other words, when it makes sense to sell your life insurance policy into the Life Settlement Market, for cash. He points out that 10,000 people per day turn sixty five, many of whom have not saved nearly enough money for a decent retirement. He explains that many of these people have a life insurance policy, an asset that they may not even realize that they can sell into the Life Settlement Market for cash, which they can then invest to create a steady source of income for their retirement years. Listen in today to find out what the Life Settlement Market is all about and how it could help you to create financial security for your retirement.


On today's show, Jordan talks to Kate about:


•How easily you will sell your policy and the amount of money that you will be paid out depends on your age and state of health.

•Who would benefit from selling their Life Insurance policies.

•How you could create a regular source of income for your retirement by selling your policy.

•That you can't buy a policy with the intention of selling it.

•Another option for retirement, without affecting people's lifestyle, could be a reverse mortgage, which has both pro's and con's.

•Why it's not a good idea to sell a policy to pay for long term health care.

•Why Medicare will not be sufficient to cover your health issues, post retirement.

•Why Medicate is a planned impoverishment business.

•How to go about selling your policy to the Life Settlement Market.

•Why your Life Insurance Agent is not going to help you to sell your policy.



Today, Kate answers a question from Shay about coverage for health care, should she need skilled nursing when she's older. Kate points out that the traditional policies have some significant issues. She explains that a good financial advisor can help you to sort the good products from the bad. She also discusses ways to cover yourself for long term care concerns, with fixed annuities and with life insurance, both with long term care benefits. Listen in to find out about the advantages and disadvantages of these options and how they work and also about new hybrid life and annuity products that could give you solutions to  your health care issues, when you retire. 


Links Mentioned:


Jordan's website:


Jordan's Radio Show: The Money Answers Show, with a link on The Voice Of America Business Network.


To ask questions or contact Kate: 


Resources Mentioned:  - Independent Broker to bring buyers and sellers together.


Jordan's books: Fast Profits And Hard Times, Master Your Debt and The Dictionary of Finance And Investment Terms are available from Amazon, as well as his other books.




Feb 23, 2017

Today's guest, Rob Lutts, is the author of The Great Game of Business- Investing to Win. He is the Chief Investment Officer and President at Cabot Wealth Management in Salem, Massachusetts. Although Kate was initially unsure about interviewing him on her show, as Rob and his team have a different investment policy to Kate's company, Better Money Decisions, she's happy now that she decided to have him as her guest. This is because too many investors are trapped in the idea that there's a big crash coming, with 2008 still fresh in everybody's minds. The truth is that we never know what the market will bring. If it were all certain, stock investing would not be a particularly lucrative endeavor.

Rob's company uses single stocks, something that Kate's firm does not advocate, yet even though their philosophies differ, Rob makes some points that Kate fully agrees with. Kate is intrigued by Rob's views on the future of investing. He talks about getting people out of the negative mindset that it's all going to come crashing down. His view is that technology is advancing and that's investable. Kate reminds you that the investing world is about companies and regardless of the current 'zeitgeist', profitability remains the bottom line, no matter what the products are. She points out that the idea of a systemic collapse overlooks all the current technological advances- which are investable.  Listen in today and keep yourself up to speed, when it comes to making your investments.


Today, Rob talks to Kate about:


  • His book, The Great game Of Business, about what works in financial markets.
  • The idea that everything is going to come crashing down.
  • The role of the Financial Adviser.
  • How he sees emerging markets as an investment opportunity today.
  • How the speed of technology today is leading to incredible advancements, with the USA being a leader in this space.
  • That the capability of computers is going to continue to accelerate.
  • The idea that we raise expectations in the negative cycle so high that people actually believe that it's true.
  • The wonderful systems in place in the USA today, as compared with the rest of the world.
  • Why he thinks that the USA is dominating in so many spaces today.
  • What's driving returns in the long run.
  • Stemwinders- what they are and what they do.
  • Why investors need to get used to things moving faster.
  • Why his favorite place to look for wealth creation is in Artificial Intelligence.
  • Why he sees the winning companies to be those with all the data, like Google, Facebook, and Amazon.


Today, Kate answers an email from Amy, who asks: “How much can I contribute to my 401K? Listen in to hear Kate's Response.


Recommended books:

Singularity by Ray Kurzweil

The Progress Paradox by Gregg Easterbrook

Feb 21, 2017

Tom Corley points out that when you pursue success, the emotional downturns are about ninety five percent of what you have to contend with. He maintains that, due to this, it's your vision, your dream and your passion that will ultimately keep you in the game. He should know this as all his books to date, have focused on the idea of rich habits.


Tom, who is getting better known as an author and a speaker, is a CPA, a CFP and he holds a Masters Degree in taxation. He's the president of Cerefice and Company, a CPA firm and he also has the Rich Habits Institute. Tom's latest book focuses on the science of habit change, as well as on his own research on habits that helped to transform one hundred and seventy seven ordinary individuals into self made millionaires. Today, he talks to Kate about his latest book, Change Your Habits, Change Your Life.


Tom talks to Kate about:


•How he selected the particular group that he studied for his book.

•Some habits that he observed with the self-made millionaires.

•That you will quit in business if you're pursuing profit, not passion. If you're pursuing passion, you will engage.

•The idea of growing- how you grow and where growth takes place.

•How he surrounds himself with people who really get what he does.

•Three things to ensure your success: 1) Pursue your dream 2) Read every day 3) Surround yourself with like minded people, who get you.

•How it disrupts the 'herd' when one of them pulls away to do something unique or different, so they try to stop them, rather than trying to change themselves.

•What he has found in his research about people having grown up with issues of poverty and poor education.

•A story to demonstrate the difference between how rich and poor kids are raised and how changing their habits can change this.

•That close to 85% of the poverty in America is due to negligent parenting.

•That his second (award-winning) book, Rich Kids, was written to educate the educators.


Tom's website:


Feb 16, 2017

The guest on today's show is Marc Miller, founder of Career Pivot, a company that helps people to move forward into a new career in small practical steps, landing them where they want to be. Mark has had an interesting career journey. He left his position at IBM in 2000, after working there for twenty two years and then had various thriving tech startups. He subsequently had what he describes as a painful stint as a high school teacher and also did a gig, raising funds for the Jewish Community Association of Austin- as a non-Jew. Later, he had a near fatal bicycle accident, which changed his perspective forever. 


On today's show, Marc talks about his bicycle accident and how it lead his doing what he does today. He also explains how he helps people to make the transition to doing what they love. Listen in today and find out how you can take some small steps to land just where you want to be.


Today Marc talks to Kate about:


  • His accident and how it happened.
  • How this accident changed his perspective.
  • His multi-cultural approach to life.
  • The processes involved with Career Pivot.
  • One of his interns as an example to demonstrate how the Pivot works as a multi- step process.
  • That he's actually a closet introvert- how he's learned to behave like an extrovert.
  • Stealth Competitors- what they are.
  • Changing who you are because it will pay you more.
  • Helping closet creatives to find their niche.
  • The value in using Restoritive Niches.
  • The emotions involved in the transition from one career to another.
  • The  revised version of his book, Repurpose Your Career- A Practical Guide For Baby Boomers.




Marc's website:


Marc's email:


Go to and subscribe to Marc's blog to get a download of the three preview chapters of the revised version of Repurpose Your Career.


Books Marc recommends: 


Know Your Value by Mika Brzezinski


Quiet by Susan Cain


Feb 14, 2017

The guest on today's show is a popular author, Kimberly Palmer. Kimberly was the senior Money Editor at US News and World Report for nine years. She's currently the Features Editor on The Money Team at AARP. Her focus is on work and jobs content. Her latest book is called Smart Mom, Rich Mom. In her previous book, The Economy Of You- Discover Your Inner Entrepreneur and Recession-Proof Your Life, Kimberly tells the stories of 100 people who built financial security for themselves by launching a side business. This includes her own story of the Etsy Shop with her money planners. She's also written the book Generation Earned- The Young Professional's Guide To Spending, Investing and Giving Back. Listen in today and find out how to ensure that you can afford to retire when the time comes.


Today, Kate points out that for many reasons, retirement is very different now to how it was back in Grampa's day. She says that although the Boomers are healthier and more active than their parents were, the downside is that many of them don't have the financial resources that their parents had to retire. Join Kate and Kimberly today and become inspired to keep growing, personally and financially.


Today, Kate and Kimberly talk about:


  • The main take away that Kimberly gets from the experts and the ordinary people that she interviews.
  • Why you should start saving as soon as possible.
  • Why people need to connect and network with as many people as possible, in order to stay on top of things today.
  • The amount of interest that people are showing in embracing some form of entrepreneurialism.
  • How people have to think about maintaining and protecting their jobs today and the effort that it takes to stay on top of things.
  • That as a mom today, you could easily end up working for someone who used to work for you before.
  • That it's not always up to you how long you keep your current job, so you need to have a Plan B.
  • The number of people in their 50's going back to school and going for career changes today.
  • Some lessons that younger people could take from the Boomers.




Kimberly's website:


Kimberly on Twitter: @kimberlypalmer


Her book 'Smart Mom Rich Mom' is available from Amazon and other bookstores.


Feb 9, 2017

Today, in response to a question from one of the listeners, Kate talks about making charitable donations from brokerage accounts. She explains the tax benefits that you could enjoy from doing that. She cautions you, however, to avoid donating losing shares to charity, as this will not be to your advantage when it comes to your tax return. She also talks about Donor Advised Funds and discusses how you can benefit from those in terms of tax deductions and not having to pay any capital gains tax.


The guest on today's show is The Financial Mentor himself, Todd Tresidder, who Kate met at a Fincon conference last fall. Todd has a BA in economics and he's also a serial entrepreneur, having built many businesses since his childhood. His real claim to fame, however, is retiring at the age of thirty-five, from his position as a Hedge Fund Investment Manager, responsible for a twenty plus million dollar portfolio. His work at the hedge F=fund produced 100% winning years, apart from one, which showed less than a 5% loss.

Twelve years later, he became a self-made millionaire, by using the same personal finance and investment strategies that he teaches. Todd was an early pioneer in statistical and mathematical risk management systems for investing and he's still an active investor, earning consistent returns in both up and down markets. He has written a number of books, one of them being Investment Fraud- How Financial “Experts” Rip You Off and What To Do About It. Listen in today, as Todd advises you about how you can wise up and avoid the fraudsters.


Today, Todd talks about:


•The reason he can smell fraud from a mile away.

•What really governs the growth of your wealth.

•His own failure.

•Trusting in all, but tying up your camel.

•His three principles that you can use to protect yourself against the sixteen different types of fraud: 1) Regulated Domestic Securities and dealers have a lower risk of investment fraud than the unregulated and offshore counterparts. 2) Investment fraud comes in many different forms and changes with the times. 3) Have a healthy dose of skepticism and do your due diligence.

•Fraud vs bad investing.

•The results of artificially low interest rates.

•The recent cycles of “bubbles”.

•The bond “bubble du jour” we're facing now.

•How the risks get tilted when you get into a premium market.





Todd's website: This is where you can find Todd's free book, 18 Essential Lessons From A Self-Made Millionaire.


Kate's website:


Kate's email:

Kate's book: Don't Let Your Money Kick The Bucket Before You Do is available from Amazon.


Feb 7, 2017

Today, Kate starts out by talking about inheritance. She looks at a study, done by MetLife in 2013, which states that the boomer generation stands to inherit a whopping total of eight point four trillion dollars! There are certainly implications to this, as today, people are living for so much longer. On today's show, she discusses a few things that you need to become aware of, in this regard.


Kate points out that:


  • The science of investing was not available to our parent's generation. This had an effect on their stock purchases.
  • You no longer need to wait for the commissioned stockbroker to give you a recommendation, today.
  • The role of an advisor now, is behavioral.
  • You would do well to choose an asset allocation that works for you and stick with your plan to build wealth, rather than trading in and out.
  • The average investor underperforms even the SMP500- just because they try to beat the market.
  • The portfolio that you inherited could be costing you a lot. 
  • Actively managed Mutual Funds from big brand National Brokerage Houses come with huge costs.
  • You should watch the Capital Gains when inheriting- don't just sell willy nilly.
  • When receiving an inheritance, you want to clean it up and tailor it to your needs as soon as possible.


The guest on today's show is Dan Sotiroff. He is an engineer, by profession and he also has a blog called The Personal Finance Engineer. Dan could be described as 'The New Voice on the Market'. He prefers to take a pro-active approach, which is evident in his deep dive into the Peter Lynch era at Fidelity Magellan. Today, Dan demystifies the role of the “Star Manager”. Reading the book Beating The Street, by Peter Lynch, didn't really explain much to Dan about what Lynch had been doing- he found Lynch rather hard to corner. Listen in and find out more about market trading today.


Dan talks to Kate about:


  • Being open to change, over your life cycle.
  • How your investment allocation changes as you get older.
  • Peter Lynch's investing cycles.
  • Whether or not the timing (1980's) made a difference to Lynch's success.
  • Closed vs open funds being a consideration to Lynch's success. 
  • The average investor at Magellan only made 7%- due to going in and out- you have to stay in to make it work.
  • Dan advises you to be realistic- remember the concept of mean reversion- what has done well in the past is not likely to do well in the future.
  • His findings in his statistical analysis of Lynch's portfolio.
  • Dan's advice for you (as per Peter Lynch).




Dan's Blog: The PF Engineer.Com


Dan's Email:


Dan on Twitter: @danielsotiroff


Kate's website:


Feb 2, 2017

Today's episode of America Talks Money focuses on setting up an effective portfolio that does not involve guesswork in trying to beat the market. The science of investment is improving all the time, so Kate shares four steps that you can take now, towards creating an effective portfolio.


On today's show, Kate and Kelly talk about how you can let the markets work for you. They discuss how, in time gone by stock brokers used to try to beat the market. Today, however, this has been shown to be ineffective. We currently live in an era where people tend to be more panic stricken than hopeful so you could lose a lot of money by trying to guess what the market is going to do. It's really difficult to predict in the short term, because you just don't know what's going to happen. It's important to note however, that regardless of volatility and big spikes, markets do go up over time. There's no reason that this will end, despite what goes on in the news. Science is really the best way to do this. Listen in as Kate explains how it works.


Today, Kate and Kelly discuss:


•That small caps do better over time than large caps- this does not mean that you should only invest in small caps though.

•That the science involves taking the whole market into account.

•How value stocks, over time, do better than growth stocks. Kate explains the science of how this works.

•Risk- and possible ways to manage it.

•That bonds are not going to give you the best returns.

•Balancing risk and return.

•That you should not trade because of what's in the news- news readers aren't there to help you manage your money!


The guest on today's show is Aye Soe, Senior Director of Global Research and Design at S&P Dow Jones Indices. Aye is the main researcher behind the SPIVA Scorecard that S&P releases on a regular basis. These compare and contrast the performance of actively managed funds vs indexes. Listen in and bust up any myths you may have about how good National Brokerages really are for your for your own investment outcome.


Today, Aye talks about:


•What she was looking at in her most recent research and what she was trying to determine.

•Her findings with this research.

•The fees and expenses of active funds- how they make quite a dent in your performance.

•The impact of fees on performance.

•The importance of investors understanding the different layers of the fees they're paying.

•How the under performance of institutional managers does not apply to her firm, S&P Dow Jones Indices.

•That the onus is on the investor to truly understand.

•The vast amount of available information for the self education of investors.





S&P Dow Jones Indices website:


For the archive of all the past SPIVA and other scorecards related to active vs passive:


Email Aye:


Email Kate and Kelly:




Book: Getting Back To Even by Jim Kramer (2009)



Jan 31, 2017

Finances are more complicated today than ever before. There are as many women out there making financial decisions, as there are men.  It can be difficult to get up to speed if you haven't been involved before. First, on today's episode of “America Talks Money”, Kate and Kelly discuss the importance of finding the right financial advice and also what to look for in  a financial advisor.


In our parents generation, things were more linear and predictable. Today, many people, especially women, find themselves having to make their own choices about taxes, social security, estate planning and even their pension funds. Listen in as Kate and Kelly talk about the interesting research study, done in September by United Capital, called: “Myth Busters-Women and the financial Services Industry” and the valuable advice offered by CEO Joe Durand.


Second in the show, Kate talks to Andrew Chanin. Andrew started out in 2007 on the floor of the American Stock Exchange, with one of the largest ETF firms at the time. In 2010, he founded his own Exchange Traded Fund company. In todays episode, Andrew talks to Kate about his company and it's products.


He discusses:


•What went into the founding of his company.

•His 'be different' approach, to create new opportunities for investors.

•The two types of ETF's- some needing awareness and others needing education.

•How he makes it simple for investors.

•The different funds he offers and what goes into them.

•How he envisions these ETF's being used in a broader portfolio.

•How this could compliment a more traditional asset allocation strategy.

•The expense ratios involved in these themed, more narrowly focused ETF's, as compared with more broadly based index funds.





Andrew's website:


Andrew's email:


Kate’s email:


Book Recommended: A Fool and his Money by John Rothschild 


Kate advises: Google the terms: efficient market hypothesis


                                                 dimensional fund advisors


Jan 26, 2017

How do you really feel about money? Do you blame someone or something else for your financial situation, or do you avoid timely financial planning? If so, you will benefit from an informative product that really speaks to people about what they need to do with their money. First, on today's episode of “America Talks Money”, co-host Kelly Chisolm talks to Kate Slater about “Sacred Money Archetypes”.


This product is an assessment, provided to a client, that involves matching them to one of eight really accurate personality types, with regards to money. It has to do with one's values and beliefs around money. It also includes a spiritual element. Today, Kelly talks about what to do with your personality type and how to work with it, once you have been matched to it.


Second, on today's show, host Kate Slater talks to post-election guest, Chip Lake, about “What the Election Means for Markets”. Chip, from Glendale Strategies, is former Chief of Staff and Member of Congress, from Georgia. Since 2012, he has been a political consultant, specializing in digging into the data surrounding a political campaign. 


Today, Chip talks to Kate about:


•The market impact since the election of Donald Trump.

•How incorrect political assumptions cause trouble for people.

•How markets are used for political leverage.

•The president elect's huge decision about who he is going to appoint as Treasury Secretary.

•How the above choice is one of the foremost indicators on how he plans on governing, as president.

•His views on the impact that Donald Trump will have on the economy.

•How Donald Trump is different to anybody else who has ever been in that position.

•The uncertainty of the current political situation.

•The 'anti-trade' type platform of the president-elect and the impact that it could have on markets.

•The financial implications of balancing the national budget.

•How the reality of the current situation is not what the voters want to hear.

•The many difficulties that Donald Trump could face in the near future.

•The pros and cons of transparency.





To find out more about “Sacred Money Archetypes”: email: askus@americatalksmoney

Jan 24, 2017

How well are your physical assets protected? Do you have a record of all the items of value in your home, in case of an insurance claim due to theft, fire or natural disaster? If not, listen in to the guest on today's show, Lisa Darrell and learn about how important it is to have your belongings documented and how you can have it done easily and without stress.


Lisa is the owner and operator of The Asset Inventory, based in Albuquerque, New Mexico. The Asset Inventory is a growing consultancy for the private sector and small businesses, to assist you in documenting and cataloging your belongings, to ease your pain if tragedy strikes


Today, Lisa talks about:


•The service that she provides and what's in it.

•How she initially identified a need for her service.

•The simple process involved in using Lisa's service with The Asset Inventory.

•The types of assets that should be documented.

•The situations that prompt people to use Lisa's service.

•How this service can really reduce your stress levels.

•The emotional component to her service- particularly around the history of certain items.


Today, Kate and Kelly talk about self-worth and how it affects people and the way they look at money. They discuss the number of decisions that people make daily, that are influenced by their ideas and behaviors around money. They say that money, depending on how much you have, can directly influence your self-worth and when you are able to have choices financially, your self-worth goes up. Kelly asks three practical questions which can help you to look at your relationship with money and your self-worth resulting from that.


1)Do you believe that you can control your financial destiny?

2)Do you deserve to be financially secure?

3)Do you see yourself as financially independent, or dependent on others to take care of you?

4)Kelly offers you ways to up your level of self-worth, through the use of a professional financial service with Better Money Decisions.



Contact Kate or Kelly if you have a question you'd like answered on the show: 



Contact Lisa Darrell at:


or call Lisa on: (505)301-8508


Jan 17, 2017

Do you have lots of things in lots of different places? Would you would like to create emotional freedom for yourself? Or to organize your life to make things easier for those close to you, in case of your death? Then listen in to today's guest, Hazel Thornton, founder of Organized For Life, as she talks candidly about the necessary steps you can take to protect your family and yourself for this inevitable eventuality.


Hazel is a Personal Organizer and the creator of the Clutter Flow Chart Collection. She's also a Golden Circle member of the National Association of Professional Organizers, a founding member of Professional Organizers of New Mexico, a certified Personal Photo Organizer and a certified Interior Redesigner and Home Stager. Hazel has a calming approach, which takes any embarrassment or fear out of the process. Listen in and find out how to get your digital records organized, in case of your death.


Today, Hazel talks about:


•Organizing your digital life and digital documents.

•The word  legacy- what it means to people.

•The implications of leaving your affairs in a state of clutter when you die.

•The personal story which motivated Hazel to do what she does.

• Your Legacy Contact on Facebook.

•The implications of dying without a will.

•Some of the most important resources to begin with, when organizing your life.

•The Legacy Resource Roundup on Hazel's website and how it can help you.

•What a digital will is and the benefits of having one.

•Her Worry Matrix and how it can help you.



Emotional triggers are very important when trying to work something out in a relationship, especially around money. Everyone has their own ideas and beliefs about money and this is what Kelly refers to as your Money Personality. It's always different with everyone, yet there's no right or wrong here. Due to these different personality types, it's important for couples to take time to sit down and figure out their Money Personalities and then look at the problems they could be having with that. It’s necessary for couples to get onto the same page about money- and this is where professional financial help can really work. 




If you have any questions for Kate or Kelly, go to:


To contact Hazel:  Sign up for Hazel's newsletter and get a free Clutter Flowchart!


Hazel on Facebook: Hazel Thornton is Organized For Life.


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