Financial and retirement planning guidance from Michael Stewart of Crystal Lake Tax & Financial.
Time for a little fun on this episode. We’ll use some fill in the blank prompts to spark good discussion about relationships between advisors and their clients, the stock market, common planning mistakes, and much more!
Contact Info:
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
In football, teams are extra careful not to make a mistake when they get within about 20 yards of scoring points (known as the Red Zone). They’ve typically worked hard to get to that point and don’t want to cost themselves by throwing an interception or fumbling the ball and giving it to the other team. On this episode, we’ll explore the financial equivalent of the Red Zone and discuss how you can really mess things up if you’re not careful during this phase of your life.
Contact Info:
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
We see a lot of people who aren’t getting the kind of advice and service from their financial advisor that they should be. In a lot of cases, the advisor is only “managing the investments,” but not providing guidance in other areas. Let’s talk about some of the things that your advisor should be doing.
Contact Info:
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
Certainly, none of our podcast listeners would be guilty of making unreasonable requests, but let’s talk about some of the unreasonable requests we hear from others in the financial world. We’ll explore what makes them unreasonable and what proper expectations look like instead.
Contact Info:
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
Proverbs 16:18 says “Pride goes before destruction, a haughty spirit before a fall.” Let’s talk about some of the ways that pride might manifest itself in your financial planning in the form of overconfidence.
Contact Info:
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
Have you heard someone say they’re risk averse? Do you know what it really means in the context of the financial world? We’ll explore this important buzzword on today’s show and explain why it’s so important to have a good grip on just how risk averse you are.
Contact Info:
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
There’s an old quote that says, “Age is the price of wisdom.” Let’s talk about how that applies to the financial world.
Contact Info:
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
Most people understand that a customized retirement plan is much better than a one-size-fits-all approach. And yet, most people don’t have a plan that’s truly customized. Let’s talk about some of the things that need to be considered if you’re going to build a truly customized plan.
Contact Info:
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
Everyone has a different reason, goal or something they want to accomplish in retirement. Let’s explore some of the various motivations people have in retirement and how your financial advisor can help you accomplish what you set out to do.
Contact Info:
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
So much focus in the financial world revolves around accumulating money. There’s all sorts of advice, how-to guides and guardrails in place when it comes to saving and investing, but a lot less resources out there to help retirees navigate the period of time after retirement. This is known as decumulation, the spending down and managing of the assets you’ve accumulated through your life. And on this episode, we’ll point at (at least) 5 things you must know about decumulation to retire successfully.
Contact Info:
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
If you’re of the age that your mom and dad retired 20, or 30 years ago, the world was a much different place when they walked away from their paychecks. Let’s talk about how things are different now.
Contact Info:
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
At first glance, each of these statements seem like basic common sense that everyone agrees with. But when we look at the way people actually behave with their money, it seems that common sense is actually a bit uncommon.
Contact Info:
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
If we take a look at the world of medicine, we can learn some valuable lessons that can be applied to your financial life.
Contact Info:
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
Some people in the financial world speak in code. It’s important for you to learn how to crack that code. Let’s look at a few examples of what you’ll hear someone say, but breakdown what they really meant.
Contact Info:
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
Sometimes the easiest way to learn about something is make it really simple. Like some of the first true/false tests you might have taken in school. Let’s play a round of fact or fiction to test your financial planning acuity.
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
Let’s talk about some of the areas of your financial life where you might be flirtin’ with disaster and don’t even know it.
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
Let’s look at some of the richest people in the music industry and see what lessons we can learn from them that we can apply to our own retirement planning…
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
We often see people making certain assumptions about retirement that just aren’t correct. Let’s explore some of those on today's show.
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
If you don’t know the answer to the question, then this episode is for you. On this episode, we’ll explore the three qualities of money, discuss whether you can achieve them in a single investment, and how to put the right emphasis on the different qualities. It’s really quite basic, but understanding these fundamentals can make an enormous difference in your financial life.
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
Sometimes numbers, figures and stats can go in one ear and out the other. But on this episode, we’ll break down 5 important statistics that are worth taking a moment to understand. They’ll underscore some very real problems people face when prepping for retirement. We’ll explore those problems and talk about possible solutions.
Website: https://crystallaketax.com/
Phone Number: 815-526-3092
