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 Aug 25, 2022
What the Inflation Reduction Act Means for Planning
Thursday Aug 25, 2022
Thursday Aug 25, 2022
Washington recently passed the Inflation Reduction Act, which on the surface appears to be aimed at solving the inflation problem. But there’s much more inside the bill, including a few different items that directly impacts financial planning. We’ll break down this new legislation on the podcast and highlight other laws that might be on the way.
Here’s some of what you’ll learn on this episode:
Don’s initial thoughts on the Inflation Reduction Act and how it impacts individuals. (5:10)
Why the SALT cap was being discussed a lot in New Jersey. (7:37)
What we need to know about the SECURE Act part 2. (10:21)
Required Minimum Distribution age pushing back even more? (15:37)
How to calculate RMDs from inherited IRAs and personal accounts. (19:16)
Inflation Reduction Act resources –
https://www.ncoa.org/article/what-the-inflation-reduction-act-means-to-older-adults
https://www.morningstar.com/articles/1109390/the-inflation-reduction-acts-impact-on-retirees
NJ Property Tax Freeze – https://www.state.nj.us/treasury/taxation/ptr/
For more, visit us online: http://doncashpodcast.com
Thursday Aug 11, 2022
Lessons Learned: 40th Anniversary of the Historic Bull Run
Thursday Aug 11, 2022
Thursday Aug 11, 2022
For economic geeks like ourselves and those old enough to remember, this week will be seen as the anniversary of one of the greatest bull markets in history. It was on August 12, 1982, that the Dow Jones Industrial Average dropped to its low of 777 (lucky number) —almost precisely where the Index had closed in January 1964, more than 18 years earlier!
Here’s some of what you’ll learn on this episode:
Human nature doesn’t change and we’re still prone to the same financial mistakes today that we were back then. (5:10)
The issues the dealt with through the 60s and 70s seem remarkably similar to what we’re experiencing now. Guess what coming out of those tumultuous years? (7:49)
Why proper diversification could have produced really good returns during The Lost Decade to start this century. (11:25)
The major mistakes that we make when we’re near or in retirement. (16:40)
Visit us online: http://doncashpodcast.com
Thursday Jul 21, 2022
Summer Heat and Economic Stress
Thursday Jul 21, 2022
Thursday Jul 21, 2022
There’s a heat wave spreading across the world right now, along with a lot of economic stress. On today’s episode, we’ll explore some expert opinions on our current bear market. Does Don agree or disagree with them?
Listen for these key points:
0:29 – Did you have a good summer trip?
1:25 – Don’s daughter is getting married!
2:42 – What we’re going to analyze today
4:53 – Demand for services are still good
6:50 – Value stocks over growth stocks
11:18 – We can’t time the market
14:53 – Be aware of emotional decisions
17:20 – Mailbag – Do I really need an advisor?
Get additional financial information: https://doncashpodcast.com/episodes/
Thursday Jun 30, 2022
The Risk of Losing Financial Independence
Thursday Jun 30, 2022
Thursday Jun 30, 2022
Are we losing our financial independence to inflation, a possible recession, and longevity? On today’s episode, we’ll explore the various risks that can complicate your plan and your finances.
Listen for these key points:
0:28 – Happy 4th of July!
3:20 – Fear of running out of money
6:06 – Life expectancy
7:48 – Pushing your plan to 90+
8:35 – Dying too young, living too long
9:32 – Costs for long term care
10:30 – So, what do we do?
12:38 – Long-term care coverage
13:34 – What about savings?
15:31 – The Investment Answer
16:18 – Reach out to a professional
18:32 – Watch out for confirmation bias
Get additional financial information: https://doncashpodcast.com/episodes/
Thursday Jun 16, 2022
Should We Be Worried? Inflation, Interest Rates and Bonds
Thursday Jun 16, 2022
Thursday Jun 16, 2022
With summer comes rising temperatures and this year, rising inflation! On today’s episode we’re going to discuss the importance of education, managing expectations, and understanding when it comes to navigating a volatile market.
Listen for these key points:
0:40 – Are you ready for summer?
2:53 – Is this permanent?
4:56 – Raise rates fast or slow?
6:35 – Fewer people working
8:00 – What are we going to do?
10:59 – Education, expectation, understanding
13:52 – Preparing for unexpected
15:50 – Buying before a crash
16:34 – Looking at the big picture
19:21 – What do we do to protect our wallets?
21:08 – Don’t inflate your expenses 8%
22:39 – Expenses aren’t linear
Get additional financial information: https://doncashpodcast.com/episodes/
Thursday Jun 02, 2022
Solutions to Investor Anxiety
Thursday Jun 02, 2022
Thursday Jun 02, 2022
Last week we spoke on the cycle of investor anxiety. How can we break this cycle and enjoy a fruitful financial future without the stress?
Listen for these key points:
0:35 – This past Memorial Day
4:40 – Phase 1
7:02 – Phase 2
8:56 – Phase 3
13:19 – Phase 4 & 5
15:52 – How do we break the cycle?
18:12 – Change your news up!
18:45 – Maximize returns, minimize risk
20:50 – Let others be emotional
21:55 – Hire a holistic planner
Get additional financial information: https://doncashpodcast.com/episodes/
Thursday May 19, 2022
The Cycle of Investor Anxiety
Thursday May 19, 2022
Thursday May 19, 2022
How do we overcome the cycle of anxiety we face as investors? On today’s episode, Don breaks down the 5 stages of investor anxiety and how we can overcome these obstacles in today’s world.
Listen for these key points:
0:55 – It’s hot here!
3:36 – Phases of anxiety
4:49 – A broken process
5:45 – Fear of the future
6:38 – Addicted to technology
10:06 – You can’t predict the future
11:15 – Track record investing
13:22 – Information overload
14:51 – Emotional decisions
18:34 – Breaking the rules
19:36 – How to overcome this cycle
Get additional financial information: https://doncashpodcast.com/episodes/
Thursday May 05, 2022
Inflation, Interest Rates, and Investment Volatility - Part 2
Thursday May 05, 2022
Thursday May 05, 2022
It seems like all the talk lately as been inflation, interest rates and investment volatility. Every time you look at the news you see rising inflation numbers, gas prices seem to have actually gone up again and the stock market has been crazy volatile. Add in another interest rate increase by the Federal Reserve and the list of issues gets longer and longer. We didn't have enough time to dig deep into all of these things so, let’s see if we can make some sense of what’s going on and what we can do about it.
Listen to part 1: https://doncashpodcast.com/podcast/inflation-interest-rates-and-bond-prices-oh-my/
Listen for these key points:
0:53 – Allergies and COVID
2:29 – Used car prices
3:51 – Setting up part 2 of the conversation
5:32 – Last time rates were at 5%
6:19 – Interest rates
7:21 – World events impacting inflation
8:31 – Imbalances
11:51 – Wages and workers
14:11 – Other price increase examples
15:16 – Hidden tax
17:21 – What can individuals do today?
20:37 – Investment strategies
23:09 – Closing thoughts
Get additional financial information: https://doncashpodcast.com/episodes/