Advertise on podcast: Cut The Crap Retirement Show

Think about the things in your life that you don’t think about that often. The smoke alarm, airbags in your car, fire extinguishers. Each of these things don’t really matter day-to-day until you need them and you’re glad they’re available and working.   Read more and get additional financial resources here: https://pffirm.com/2021/08/things-that-dont-matteruntil-they-do/    What we discuss on this episode:  2:56 – Legal Documents 5:45 – Long Term Care 8:36 – Life Insurance 10:58 – Lifetime Income Streams

The world is a serious enough place as it is so let’s take a deep breath and have a little fun on this episode. We found a handful of financial jokes that we thought were pretty funny so we’re sharing them with you on this episode. Let’s also explore the financial lessons we can gain from the punchline.   Read more and get additional financial resources here: https://pffirm.com/2021/08/its-just-a-joke/    What we discuss on this episode:  2:16 – Credit Card Debt 5:39 – Bonds 7:32 – Balances 10:06 – Investing 11:45 – Stock Market volatility 16:25 – Retirement age

The planning methods and your parents used likely won’t get you to where you want to be in retirement today. So much has changed over the past 20-30 years that make it harder on pre-retirees today. Let’s look at how planning has shifted and what you need to be aware of with your finances.   Read more and get additional financial resources here: https://pffirm.com/2021/07/not-your-fathers-retirement/    What we discuss on this episode:  1:18 – Reality of retirement planning today 4:14 – Working beyond the age of 65 9:08 – Expenses not decreasing in retirement 12:04 – So many more things to juggle 14:33 – Portfolio have to last longer 17:29 – Stresses the importance of planning

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.    Read more and get additional financial resources here: https://pffirm.com/2021/07/learning-through-uncommon-sense/    What we discuss on this episode here: 2:39 – Buy Low and Sell High 5:03 – Don’t pay more in taxes than you have to 9:03 – Keep costs low 13:26 – Don’t put all of your eggs into one basket 16:09 – Market timing is virtually impossible

Now that the first 100 days of President Biden is in the books, what needs to be on your radar in terms of financial planning? Chris shares his thoughts on some key policy proposals and what it could mean to clients.    Read more and get additional financial resources here: https://pffirm.com/2021/06/financial-planning-under-president-biden/    What we discuss on this episode:  1:11 – What we’re hearing from clients 3:03 – Stimulus spending 8:37 – Infrastructure plan 12:13 – Capital Gains Tax Increase 13:40 – International relations 15:16 – Green New Deal

Have you ever been speaking with a financial professional and felt like they were speaking in code? Today we’ll look at a few examples of what you might hear someone say and break the code by telling you what they really meant.   Read more and get additional financial resources here: https://pffirm.com/2021/06/what-you-really-meant-to-say-was/    What we discuss on this episode:  2:49 – Market Corrections 4:26 – Stocks   8:03 – Setting parameters and expectations 9:44 – Fee structures   12:15 – Financial Designations 15:52 – Making Planning Too Confusing  

The question everyone has about retirement is how much am I going to need? A million dollars seems like a magic number, but how long will it actually last you? We’ll go through a recent Yahoo! Finance survey and discuss how we help clients determine that number for their retirement.   Read more and get additional financial resources here: https://pffirm.com/2021/05/how-long-will-a-million-dollars-last-you/    What we discuss on this episode:  2:38 – Details on the Yahoo! survey 6:14 – Annual expense measurement 8:56 – How much our average clients spends every year 10:36 – How many years should you plan for in retirement?

There are areas of your financial life that might be in bad shape and you don’t even realize it. On this episode, we’ll identify five areas of planning that could result in disaster if you haven’t paid them any attention.   Read more and get additional financial resources here: https://pffirm.com/2021/05/are-you-flirting-with-financial-disaster/    What we discuss on this episode:  2:12 – Out of date legal documents   6:01 – Beneficiaries 9:31 – Tax time bomb 13:03 – Longterm care expenses 17:31 – The 60/40 investing portfolio  

Have you ever wondered how much your advisor thinks about your portfolio and how invested they get in your performance? We want to pull back the curtain a bit and give you the perspective from the other side of the table.   Read more and get additional financial resources here: https://pffirm.com/2021/04/are-advisors-invested-in-your-results/    What we discuss on this episode:  1:37 – What does Chris do after tax day? 4:36 – All about trust 5:46 – Setting expectations 10:29 – Acting emotionally 13:57 – Open door policy 16:33 – Final thoughts

Many of our clients ask about annuities and whether they’re a good option to create income in retirement. If you’re in that same position, you’ll want to hear our detailed breakdown of this product, the pros and cons, and who would be a good fit for an annuity.   Read more and get additional financial resources here: https://pffirm.com/2021/04/what-you-need-to-know-about-annuities/    What we discuss on this episode:  3:42 – The different types of annuities starting with Fixed 4:44 – Variable 6:54 – Fixed Index Annuity 10:00 – Pros and cons 15:11 – Performance during bull and bear markets 21:58 – Who is an annuity good for? 26:26 – Chris works with clients quite a bit on this

A question that all parents have to weigh is how much should they involve their children in family finances. Every child is different and there are pros and cons to both sides of the argument. Today we’ll find out where Chris stands on this topic and how he talks to his children about money.   Read more and get additional financial resources here: https://pffirm.com/2021/03/should-kids-be-involved-in-financial-decisions/    What we discuss on this episode:  1:28 – What role Chris’ parents played in his view of money? 4:18 – Getting kids involved 8:50 – Treating each child differently 11:35 – Arguments against getting kids involved 14:02 – Dangers of today’s technology 16:57 – Have clients shared tips?

After the year we had in 2020, a lot of people want to know which direction we’re headed this year. While we don’t have a crystal ball, we do have some opinions on the strength of the economy and the sectors that enjoy a return to normal in 2021. Join us for this episode and get Chris’ financial outlook.   Read more and get additional financial resources here: https://pffirm.com/2021/03/our-financial-outlook-for-2021/    What we discuss on this episode:  3:08 – What is Chris’ outlook for 2021?   4:58 – What sectors could rebound first?   7:12 – Could this growth extend for a long time? 9:42 – The reason for optimism in the market 11:33 – Impact of stimulus 13:18 – Any areas of concern? 16:07 – Planning opportunities this year?