The Investor Coaching Show with Paul Winkler

Good Advice for Those Getting Started (Part 1)

This week Paul met with the 20-year-old son of a longtime friend after the young man expressed interest wanting to start his marriage relationship with money off on the right food. As he told him: whether you're just getting started yourself or you have children or grandchildren who are beginning to get out on their own, there are a few things you should know about saving, investing, and debt, and some bad advice you should avoid. Listen along to the first part of this conversation as Paul talks about what impressed him from this meeting and covers topics like debt, 401(k) plans, and buying a home. 

 

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Vanguard Has a New CEO and They're Having Some Trouble

Vanguard has grown to be the leader in the investment management world and touts the lowest fees, but also entertains poor investing principles and even threatens to close client accounts if they need too much phone assistance. Today, Michael brings up Vanguard’s recent CEO change and the advisors get into a discussion about why their firm doesn’t align with this investing giant.

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

A Different Model for Taking Money in Retirement

Many people enter retirement with a fear of overspending, running down their portfolio, and struggling to get by late in retirement. Today, Michael, Jim, and Chad talk about a model being adopted in the financial planning community that considers both the enjoyment of the portfolio and the health of the portfolio in retirement. Michael highlights the life experiences that can be missed when clients focus on taking as little as they can out of their portfolios. Listen along as these advisors share why both overspending and underspending should be a concern when taking an income. Later in the episode, the advisors chat about why the firm encourages clients to be educated even when clients trust them to do whatever seems necessary.

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Watch Out for Payment App Scams

Most people are used to using services like PayPal, Venmo, and Zelle to pay their friends, family and even contractors, but these services are susceptible to fraud and are not as secure as other bank transactions. Today, Paul tells a horror story about a couple paying 10s of thousands of dollars to their pool contractor on Zelle only to find out that his email account was hacked and that the money was gone. Listen along to as Paul discusses some of the red flags you can be watching out for with payment app scams.

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Independence Day 2024: Understanding FINANCIAL Independence (Part 2)

What is financial independence? Everyone seems to want it, but it isn’t easy to get. Paul steps out for the holiday weekend and the team from the Goodlettsville office step in to celebrate Independence Day and talk about financial independence. Listen along as Michael Sharpnack (ChFC®, RICP®), Jim Wood (CFP®), and Chad Henson (CFP®,ChSNC®, CRPC®), help you understand what financial freedom means to you, how you can make a plan to achieve it, and how the industry twists the idea of financial freedom to sell you products that aren’t worth the risk.

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Independence Day 2024: Understanding FINANCIAL Independence (Part 1)

What is financial independence? Everyone seems to want it, but it isn’t easy to get. Paul steps out for the holiday weekend and the team from the Goodlettsville office step in to celebrate Independence Day and talk about financial independence. Listen along as Michael Sharpnack (ChFC®, RICP®), Jim Wood (CFP®), and Chad Henson (CFP®,ChSNC®, CRPC®), help you understand what financial freedom means to you, how you can make a plan to achieve it, and how the industry twists the idea of financial freedom to sell you products that aren’t worth the risk.

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Inherited Assets: How to Avoid Mishandling the Financial Legacy of a Loved One

Inheriting assets from loved ones can bring on a combination of emotional and financial decisions. Unfortunately, this can make it harder to make the right choice. Today, Paul lists all of the most common inherited assets and common mistakes people make with them. Later in the episode, Paul talks about why fear around the US dollar is usually misinformation and why a country’s trade position suffers when their currency weakens against the dollar.

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

The Best Performing Asset Category in Q2 Is Likely Missing From Your 401(k)

Q2 is over and Paul shares the best performing asset class of the quarter. The problem is that this asset class is one of the best performing in the long-term and is completely looked over by 401(k) plans. Paul does a deep dive into the advantages and disadvantages of your employers retirement options and helps you build a plan that fills in the gaps. Later in the episode, Paul explains why inflation alone is enough of a reason to avoid annuities

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Election Season 2024: The Market Already Knows That This Presidential Race Is Going to Be Rough

Today, Paul spends a moment debriefing from an unusual presidential debate that has created a week of political turmoil for both sides. Paul urges investors to tune out any speculation about big market moves this election season. The truth is that the markets already know what you and I know—that this presidential race is going to be a rough one. Don’t let the industry use this common knowledge to move your money around and profit off of you. Listen along as Paul shows just how markets don’t follow politics. Later in the episode, Paul talks about a few companies who are making plans to mass produce flying cars and how huge technological innovations usually sneak up on consumers.

 

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Paul Agrees: "The Annuity Industry Is Prone to Scams." Here's How It Happens.

Paul finds an article claiming that investors are avoiding annuities at their own peril. The reality is that annuities had record sales in 2022 and are extremely misunderstood financial products. After some deeper digging, Paul has to talk about how the insurance industry has crept into our financial education system—placing insurance salespersons on the boards of accredited universities—and has been grooming students to assume annuity products are the best options for investment who are afraid of running out of money. Later in the episode, Paul addresses a listener who is worried about the Quantum Financial System and the safety of money in banks. 

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.