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PODCAST EPISODE 222: What Elon Wants to Teach Kids Can Help You!

   WHAT WAS COVERED 00:00 – Paul welcomes listeners. 00:45 – Elon Musk’s cognitive bias tweet that can relate to your money. 02:08 – Fundamental attribution error. 02:55 – Self-serving Bias. 02:35 – Curse of Knowledge and group think. 04:40 – the spotlight effect. 06:23 – Availability heuristic. 07:05 – Naive cynicism. 09:35 – The Dunning-Kruger effect. 10:40 – …

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PODCAST EPISODE 221: Asset Allocation in Early Retirement, Backdoor Roth Back On and Debunking High-Yield Funds

   WHAT WAS COVERED 00:00 – Paul welcomes listeners. 02:45 – Article Breakdown – “Hit your retirement savings goal? It may be wise to unload some stocks” 09:25 – Article Breakdown – “What’s Not to Like About a Fund With a 7% Yield” 18:40 – Article Breakdown – “The iPhone Feature to Turn On Before You Die” 24:40 – …

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PODCAST EPISODE 220: Financial Independence at age 52, earning less than $100k

   WHAT WAS COVERED 00:00 – Paul welcomes listeners. 00:45 – Welcoming guest, Chris Fabbro 02:00 – Chris Fabbro’s background. 06:25 – Government retirement programs. 13:00 – The financial turning point. 15:30 – Identify your luxuries. 22:30 – Responsibly delaying expenses to refrain from running the ‘rat race’. 27:20 – Setting an example for lifestyle choices. 36:05 – Finding …

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PODCAST EPISODE 219: Planning for YOUR Personal Aims, Not Anyone Else’s

   WHAT WAS COVERED 00:00 – Paul Welcomes the listeners. 02:00 – Analyzing new values. 04:20 – How we plan for next year. 07:40 – Step 1, Exploring the difference in financial aims and personal aims. 14:20 – Step 2, Breaking down the numbers of your lifestyle expenses and savings. 20:25 – How your aims play out in the …

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PODCAST EPISODE 218: When Your Parents Didn’t Save Enough, Are Active Fund Managers Worth Their Cost?

   EPISODE SUMMARY When Actively Managed Funds Are Worth It (By Kiplinger) Judge OKs $5.4 million settlement over Transamerica retirement plan (By Des Moines Register) What to do when your parents didn’t save for retirement (By CNBC) WHAT WAS COVERED 00:00 – Paul welcomes listeners. 02:08 – Article Breakdown: “When Actively Managed Funds Are Worth It”. 14:45 – Article …

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PODCAST EPISODE 217: Is the 4% Rule in Retirement Dead? Tips on 529 Plans

   EPISODE SUMMARY Experts say the 4% rule, a popular retirement income strategy, is outdated (By CNBC.com) Seven 529 Plans to Avoid (By Morningstar.com) This Retirement Myth Could Cost You $100,000 (By The Motley Fool) WHAT WAS COVERED 00:00 – Paul welcomes listeners. 01:00 – Recap of recent episode 03:00 – Article Breakdown: “Experts say the 4% rule, a …

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PODCAST EPISODE 216: Gratitude vs. Cultivating Contentment – Thanksgiving Special Episode

   EPISODE SUMMARY Topics Covered: his week we recorded a special episode to set the stage for your 2022 vision, and how what you are grateful for is a great place to “look” for what you want more of in the future. Today we ask you to consider not just the things you are grateful for, but to ask …

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PODCAST EPISODE 215: Risky Zillow, Risky Crypto and Why do they hate ROTH?

   EPISODE SUMMARY Topics Covered: Viral TikTok video accuses Zillow and others of manipulating the housing market. Here’s what’s really going on (By MarketWatch) A cryptocurrency inspired by ‘Squid Game’ crashes. The industry has questions. (By New York Times) Why You Should Ditch Plans to Convert Your 401(K) to a Roth IRA (By Barrons) WHAT WAS COVERED 00:00 – …

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PODCAST EPISODE 214: 401(k) Stolen, Family Tries to Kill Father

   EPISODE SUMMARY Topics Covered: Gilbert man groomed, then scammed out of entire 401(k) (By AZFamily.com) This Darkly Humorous Life Insurance Ad Has the Best Legal Disclaimer in Ad History (By Adweek.com) Five Questions to Ask if You Are Named Executor of an Estate (By The Wall Street Journal) WHAT WAS COVERED 00:00 – Paul welcomes the show. 01:50 …

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PODCAST EPISODE 213: Are you taking Social Security at the right time?

   EPISODE SUMMARY Topics Covered in Today’s Episode:  Here’s Exactly How to Optimize for the $3,895 Social Security Monthly Max (By The Motley Fool) WHAT WAS COVERED 00:00 – Paul welcomes listeners. 02:00 – Covering the topics of the day. 03:00 – Motley fool article “Here’s Exactly How Optimize 3895 Social Security” 09:50 – Cory’s spreadsheet sorcery. 21:25 – …