Your Money & Your Life Podcast
Financial and retirement planning guidance from Certified Financial Planner Donald Cash in Red Bank, NJ. Truly understanding what's happening inside your portfolio is so important to achieving retirement success. The planning process can be difficult if you tackle it alone, so make sure to listen to each episode to get great guidance and make the task much easier.
Episodes
Episodes
Thursday Jun 08, 2023
Artificial Intelligence: Should We Be Afraid?
Thursday Jun 08, 2023
Thursday Jun 08, 2023
Join Don and Marc as they dive into the fascinating world of artificial intelligence. Discover the potential risks, benefits, and the ever-expanding reach of AI across various industries. From AI-generated music and artwork to robot-advisors and facial recognition, AI is revolutionizing the way we interact with technology. In this episode, we’ll explore the origins of AI the blurred lines between reality and AI, and ultimately answer the question: should you be worried?
Artificial Intelligence or AI, which is something that we are constantly hearing about. We will dive into it and talk about the potential risks as well as the benefits and some land minds to avoid as consumers and also investors in this technology.
Here’s some of what we discuss in this episode:
The idea of AI has been around for a long time, and this technology will only become more common. (3:36)
The “technology turn” during COVID + Chat GPT. (10:41)
AI should be used as a tool and not to replace people. (14:33)
How video and voice technology is rapidly advancing. (18:38)
What can we do to protect ourselves? (21:02)
Being smart with your investing strategy. (24:11)
Resources mentioned on the show:
ChatGPT - https://openai.com/blog/chatgpt
Tom Cruise Video - https://www.youtube.com/shorts/l7FH_-GAlz8
Get in touch with Don and learn more: https://doncashpodcast.com/
Friday May 26, 2023
The U.S. Debt Ceiling Drama Continues
Friday May 26, 2023
Friday May 26, 2023
We’re back to discuss the ongoing battle over the debt ceiling in this episode. We’ll review recent federal budgets and expenses and compare these numbers to recent history. We’ll also dive into the impact of the COVID-19 relief spending, address some concerns about inflation, and share our thoughts about this situation as a whole.
Here’s some of what we discuss in this episode:
What’s the recent debt ceiling update? (3:26)
What’s driving the debates around this topic and what may occur in the next week. (5:35)
U.S. spending since the pandemic. (7:28)
Getting this spending back into check. (9:54)
What is the "Fear Index" and how does it relate to all of this? (13:55)
How people are spending money outside of Washington. (17:57)
Get in touch with Don and learn more: https://doncashpodcast.com/
Thursday May 11, 2023
U.S. Debt Ceiling And Federal Reserve Rate Hikes- Insights For Investors
Thursday May 11, 2023
Thursday May 11, 2023
In today’s episode, we’re going to dive into the pressing issues of the U.S. debt ceiling and Federal Reserve rate hikes. We’ll begin by unraveling the concept of the federal debt ceiling, examining its history, and shedding light on the federal government's current and prospective spending plans. Ultimately, we’ll discuss what all the recent buzz on this topic might mean for investors and whether there is cause for alarm.
Here’s some of what we discuss in this episode:
Should we be concerned about the debt ceiling conversations in America? (2:21)
What exactly is the debt ceiling? (4:36)
What happens if the debt ceiling isn’t raised? (7:42)
Looking back at recent interest rate raises in comparison to today. (14:57)
So, what should investors do? (18:00)
What is the issue with higher bank rates? (20:50)
History repeats itself and diversification is important. (22:05)
Get in touch with Don and learn more: https://doncashpodcast.com/
Thursday Apr 27, 2023
What Is Reinvestment Risk?
Thursday Apr 27, 2023
Thursday Apr 27, 2023
Many of us have heard of typical investment risks, such as market risks, liquidity risks, credit risks, and concentration risks. But what is reinvestment risk? In today’s episode, we’ll explain what reinvestment risk is and how the fear of recent events might be driving this risk.
Here’s some of what we discuss in this episode:
Don discusses the fees for credit transactions that are becoming more frequent. (2:56)
What is reinvestment risk? (5:27)
The two classes of CD and bond buyers right now. (13:26)
How bonds should act as a stabilizer in a portfolio. (15:01)
How rebalancing, patience, discipline and understanding play a huge part in a sound investment strategy. (18:53)
Get in touch with Don and learn more: https://doncashpodcast.com/
Thursday Apr 06, 2023
The Taxman Cometh – 2023 Edition
Thursday Apr 06, 2023
Thursday Apr 06, 2023
What many people are starting to realize is that taxes in retirement might actually be more than they were when they were working. We’ve been taught our entire lives to defer taxes by contributing to an IRA and 401(k), but that ends up leaving retirees with more to pay down the road.
What’s important to know is that the taxman will cometh at some point, and it could be for more than you are paying today. Today we'll share some tax planning strategies that you should consider and point out a couple key areas in retirement where planning will be critical.
Here’s some of what we discuss in this episode:
As we finish our taxes for 2022, what should people be looking at for 2023. (2:34)
Where are the blinds spots for people in terms of taxes? (4:30)
How will the government pay off the rising debt we’re facing. (8:05)
One of the biggest strategies right now is utilizing a Roth. (12:20)
An example of how longterm care and medical bills play into tax planning. (14:28)
Why understanding the seven tax brackets are important. (20:01)
Get in touch with Don and learn more: https://doncashpodcast.com/
Thursday Mar 23, 2023
Bank Failures & Your Investment Planning – What’s Happening Now?
Thursday Mar 23, 2023
Thursday Mar 23, 2023
The biggest news in the financial world this month has been the failure of major banks like Silicon Valley Bank and Signature Bank. There didn’t seem to be any concerns about their stability even a few weeks ago, but things fell apart quickly.
So the obvious question is what happened and how will this impact me? In this episode, Don will provide a breakdown of what went wrong with SVB and how this might impact other banks across the country. Plus, we’ll touch on how this all relates to investing and retirement planning.
Here’s some of what we discuss in this episode:
A high-level look at banking and investing. (4:14)
What does the FDIC protect? (6:00)
What exactly happened with SVB? (10:34)
Should we worry that other banks have done something similar? (16:37)
How does this all tie back into retirement planning? (17:51)
Get in touch with Don and learn more: https://doncashpodcast.com/
Thursday Mar 09, 2023
What is ESG Investing? Don’t Get Fooled
Thursday Mar 09, 2023
Thursday Mar 09, 2023
This episode will help explain what ESG investing is and how it impacts your retirement planning. Plus, are these investments actually helping the environment and why is the government getting involved? Don Cash will sort out a lot of the facts on this topic so you’ll be more informed.
Here’s some of what we discuss in this episode:
What is ESG investing and why we’re talking about this today? (3:00)
Some background on how this began and where the money is being made. (5:33)
The fees can be significantly different for these investments. (8:22)
What classifies a company as an ESG company? (11:10)
What is the government’s role in all of this? (13:48)
Get in touch with Don and learn more: https://doncashpodcast.com/
Thursday Feb 23, 2023
Is Social Security Going Broke? Myths, Truths & Opportunities
Thursday Feb 23, 2023
Thursday Feb 23, 2023
What we want to do in this episode is make sense of what exactly is happening with Social Security and which concerns are legit and which ones might be overblown. This isn’t the first time Social Security has had to make adjustments since it was originally introduced in 1935, and we’ll take you through what has changed over the past nearly 90 years.
Here’s some of what we discuss in this episode:
Historical background on where we got to where we are today with Social Security. (4:11)
Here are the facts around Social Security right now. (7:57)
Why do we keep hearing about bankruptcy and whether the benefits will be gone soon? (10:11)
This isn’t the first time changes have been made to Social Security. (12:31)
What changes could be considered in the near future? (16:49)
Do you ever make too much money to qualify for Social Security? (23:12)
Additional Resources:
Proposed SS changes - https://www.ssa.gov/OACT/solvency/
The Social Security Trust fund - https://www.ssa.gov/news/press/factsheets/WhatAreTheTrust.htm
Get in touch with Don and learn more: https://doncashpodcast.com/