Financial Choices Matter

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The Ins And Outs Of Mutual Funds

Mutual funds have long been the most popular way for people to invest, but is that landscape changing?

Show Notes:

1:45 - Financial Dictionary: Tax Loss Harvesting

5:06 - Ins And Outs Of Mutual Funds

5:19 - Point #1: What Percentage Of Clients Have Mutual Funds When They First Come To See You?

6:24 - Point #2: Expense Ratios

7:58 - Point #3: Front Load, Back Load, No Load

9:20 - Point #4: Tax Issues Mutual Funds Can Create

11:07 - Point #5: Should Mutual Funds Be Eliminated?

12:59 - Mailbag Question from Confused: "How to consolidate multiple investment accounts?"

Busting The Biggest Financial Myths

Today’s episode is simple. We’ll look at some of the most widely believed financial myths and try to bust them wide open. The scary thing is that a lot of people base their financial plans on some of these myths.

Show Notes:

2:17 Helping clients understand how their financial jigsaw puzzle fits together

5:58 Myth 1: Shifting from stocks to bonds removes the volatility from your portfolio

7:32 Myth 2: Once you've retired, life insurance is no longer necessary

9:12 Myth 3: You will need less income when you retire than you do when you're working

10: 26 Myth 4: You will probably be in a lower tax bracket when you retire

11:43 Myth 5: Financial planning is much easier to do without professional help because of all of the technology that is now available

13:40 Email Question: Investing in oil wells