Retirement Approved with Matt Paul & Steve Paul

Everyone wants to get a leg up on the stock market and make shrewd investment decisions to grow their portfolio. The problem is trying to time the market is incredibly difficult. So many different factors are at play when you’re investing in the market and that’s why even the smartest people get it wrong. In this episode, we’re going to tackle the age-old question: Is it time to start timing the market? Using a sports betting analogy, Matt and Steve break down the complexities and risks of market timing. We’ll use some eye-opening charts to help you understand the mistakes people make and why staying invested might be your best bet. Here’s what we discuss in this episode:0:00 – Intro 2:13 – Market timing is like a parlay3:45 – Should I get out of the market?6:18 – Types of investors8:38 – Overconfidence9:41 – Election years11:16 – Mind-blowing chart13:07 – Even the best get it wrongLearn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51

The age-old question in retirement planning is how much do I need to retire? For many years, people have made one million dollars their goal as if that’s a sure-fire amount to retire on. It’s a nice round number to aim for, but is it really going to be enough? Today we bring on Matt Dombrowski, CFP® to discuss the process we go through with clients to help identify the number that they need to focus on. There are three primary questions we ask clients and we’ll share the conversations we have on retirement expenses, budgeting, income, and risk. We hope by the end of the video, you have a better understanding of what you need to know to determine whether you can retire with $1 million, but it’s always best to seek professional guidance.  Here’s what we discuss in this episode:0:00 – Intro 0:57 – Background on Matt2:40 – Expenses and budgeting5:25 – Income sources8:01 – Risk Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51

August has been a month of market volatility, leaving many investors feeling uneasy about their portfolios. There’s plenty of reason to believe that it will continue through the rest of the year. So let’s discuss the reasons behind this turbulence and provide our view on how to navigate the remainder of 2024.We’ll breakdown the different factors that have led to the market’s choppy behavior, including the Japan carry trade, election uncertainty, and recession fears. Matt and Steve also share insights on how to navigate these turbulent times, emphasizing the importance of diversification and having a solid financial plan.Feeling a little nervous about the months ahead? Tune in to gain valuable knowledge on managing your investments and staying calm during market fluctuations. Here’s what we discuss in this episode:0:00 – Intro 3:13 – Market volatility and client emotions6:35 – Anticipating future market volatility10:16 – Understanding inflation & market adjustments12:08 – Diversification and proper planning14:35 – Final thoughtsLearn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51

An idea that we had years ago has finally come to fruition and we’re excited to debut our new book, Retirement Approved. This comprehensive guide is designed to simplify the complex world of retirement planning, making it accessible for everyone, whether you're approaching retirement or already enjoying your golden years. For the month of August, you can get the Kindle version of "Retirement Approved" for just $1. That's right, an incredible deal for an invaluable resource! If you prefer a physical copy, clients can stop by the office to pick one up for free. This promotion makes it easier than ever to access expert guidance for your retirement journey. Here’s what we discuss in this episode:0:00 – Intro 0:10 – Book launch0:57 – The concept2:10 – Easy to read3:53 – Final thoughtsRetirement Approved by Steve and Matt Paul - https://www.amazon.com/Retirement-Approved-Steven-Paul/dp/196404619X Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51

Retirement should be a time of relaxation and enjoyment, but it can quickly become a period of stress if you haven’t addressed the biggest risks to your financial security. Today we’re going to identify the five biggest risks that could derail your retirement plan and discuss ways to combat these risks through planning. Understanding these five major risks can help ensure that your retirement stays on track and you’re able to enjoy it as much as possible. Join us for a deeper dive into each risk and practical advice on how to safeguard your financial future. Here’s what we discuss in this episode:0:00 – Intro 2:08 – Sequence of Returns Risk8:32 – Longevity Risk11:00 – Inflation Risk14:40 – Long-term care Risk18:00 – Tax Risk20:38 – Bonus RiskLearn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51

We’re back to talk more news, and this week, we’re tackling the world of meme stocks, the latest on inflation, and the rise of Ethereum ETFs. You might’ve heard of Keith Gill, known online as “Roaring Kitty” who recently shook the financial world with his bold moves on GameStop. The brothers discuss his recent success and whether GameStop is still a good buy.Then, they discuss inflation and the latest CPI numbers, explaining the significance of recent figures, the Federal Reserve's approach, and the potential impact on consumer savings and credit card debt. This episode also covers Ethereum ETFs, with the SEC's recent approval making waves. Finally, we’ll look at the "Magnificent Seven" stocks driving the market, focusing on Nvidia's phenomenal growth and the importance of diversification to avoid overexposure.Tune in to Retirement Approved to stay informed about the latest trends and strategies in finance and investing!Here’s what we discuss in this episode:0:00 – Intro 1:07 – What is Roaring Kitty?5:40 – Updates on inflation8:14 – ETH ETFs approved13:50 – Nvidia's Earnings and Mag7ETH 2030 Price Target and Optimal Portfolio Allocations Report:https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-eth-2030-price-target.pdfLearn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51

When it comes to retirement planning, annuities often get a bad rap. However, they can be a powerful tool for ensuring financial security in your golden years. In this episode, we’ll take a deep dive into the world of annuities, breaking down the different types and how they can benefit your retirement strategy. From the basics of single premium immediate annuities (SPIAs) to the intricacies of fixed index annuities (FIAs) and variable annuities, they break down what you need to know to make informed decisions. They also discuss how high interest rates impact these financial products and offer practical advice for retirees.Here’s what we discuss in this episode:0:00 – Intro 1:40 – Single premium immediate annuity3:50 – Multi-year guaranteed annuity 9:10 – Fixed index annuities14:10 – Variable annuities19:20 – Final thoughtsLearn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51

Cryptocurrency has taken the world by storm, but for many, it remains a tangled web of complexity. Today we’re going to dive into five questions about crypto and try to simplify things for any investor hoping to learn more. Whether you're a retiree curious about adding crypto to your portfolio or a novice investor eager to understand the basics, this episode will break down the key information most people are asking about. Matt and Steve will explain the phenomenon of memecoins, break down the differences between Bitcoin and Ethereum, explain the tech and lay out the risks. With more and more of our world moving into the digital realm, getting a better grasp on crypto is worth your time.  Here’s what we discuss in this episode:0:00 – Intro 1:07 – Memecoins3:34 – Bitcoin vs Ethereum8:42 – Who uses crypto?13:27 – What is blockchain?16:58 – The risks18:18 – Ethereum ETF coming?22:10 – How much should you allocate?Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51

The news is never short of headlines and this year is certainly not devoid of big stories. With so much uncertainty at home and abroad, it’s not surprising that we’ve received numerous questions about the economy and what might be coming in the near future. While we can’t predict what will happen with the economy, we can address all of the concerns and questions through planning. In this episode, we’ll tackle a few of those recent questions that hit on some of the top economic headlines. Discover why the Fed's next move could be a game-changer for your portfolio, how Middle East conflicts might affect market stability, and what Bitcoin's halving means for the future of cryptocurrency. Here’s what we discuss in this episode:0:00 – Intro and the Detroit Red Wings3:20 – Inflation7:44 – Housing data10:30 – Conflict and market crashes13:55 – Bitcoin Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51

Taxes may suck, but your retirement planning doesn't have to! There are strategies that everyone should consider that could benefit you when it comes to the daunting topic of taxes and wealth transfer. We’ll tackle the topic today with humor, clarity, and actionable advice. Learn how to leverage after-tax accounts, avoid common IRA traps, and why starting your tax planning at retirement is crucial. Don't let taxes derail your retirement dreams—arm yourself with the knowledge to fight back and keep more money in your pocket. With the potential transfer of billions from baby boomers to the next generation on the horizon, now's the time to listen in and learn how to protect and grow your wealth.Here’s what we discuss in this episode:0:00 – Intro 1:27 – Understand different types of accounts 3:07 – The great wealth transfer4:02 – 10-year rule for IRAs7:55 – Converting to a Roth11:57 – RMDs 14:32 – IRMAA15:50 – Common IRA trapsLearn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51