The Investor Coaching Show with Paul Winkler

Healthcare Workers Aren’t Confident About Retirement. How Do We Get Confidence?

One out of three healthcare workers don’t feel confident about their retirement. This number may even be inflated because confidence usually drops during bear markets, and markets have been bullish over the past few years, covering up some bad investing habits. So what does it take for any investor to be confident about retirement? Today, Paul covers this topic and explains why educated investors are confident investors.

 

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

What Do 5-Star Broker Ratings Mean? It’s Not What You Think.

So you go to a planning meeting and find out that the company is full of award-winning brokers selling 5-star funds. Well, you need to know what the awards are for. Today, Paul brings an article where a broker seems to be bragging about their award-winning strategies when, in reality, they are bragging about speculating and market timing and bringing in income for the company they work for. Listen along as Paul breaks down the argument that highly rated brokers and funds lead to better performance for investors.

 

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 Biggest Challenge Facing Investors Right Now

Paul got to talk with a bright young financial industry professional who wanted some advice on how to navigate the industry and find a job where he could use his skills and his interest in personal financial planning to help people. This leads to an important conversation about the biggest challenge that both advisors and their investors face in today’s planning landscape: Most education about investing comes to advisors and investors from companies trying to turn a profit selling financial products. 

 

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

Are They Really on Your Side? The Fine Print on Nationwide's New Heights FIA Products

Paul remembers what it was like early in his career working for a large insurance company and selling insurance products. This led Paul to ask a financial planner this week who works with one of these companies about the products they are excited about and recommending to clients. Listen along as Paul reads the fine print about Nationwide’s New Heights Fixed Indexed Annuity program and explains how frustrating it is that an insurance company like Nationwide can have the slogan, “Nationwide is on your side,” while selling products that make the salesperson large commissions through practices that would be illegal for a company like PWI to employ.

 

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 Asks AI: “Why Can’t People Stand Working With Financial Advisors?”

Paul asks AI: “Why can’t people stand working with financial advisors?” Much to Paul’s surprise, AI hit the nail on the head with 10 reasons people don’t trust and won’t work with a financial advisor. Listen along as Paul walks through each reason and explains why people are disillusioned with the industry. Later in the episode, Paul brings up a WSJ article about retirees who keep moving to places that have a high risk of natural disasters. 

 

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

Did You Take Econ or a Personal Finance Class in High School or College?

Finally, a state has required high school students to take a class on personal finance. Paul talks about the need for good education for all Americans around economics and personal finance and shares some common misconceptions the average American has because this kind of education wasn’t prioritized in the past. Listen along as Paul shares a few books you can read to catch up on basic personal finance and economics topics and why education keeps you from being manipulated by people who know a little bit more than you do. Later in the episode, Paul covers what happens when the FED drops interest rates more than we think. Is this a political move or is there something the FED knows that we don’t?

 

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

What Do I Do With My 401(k) During a Job Change?

A listener wants to know what they need to do with their 401(k) plan when their job changes. Paul walks through a few important steps to consider during this life change and how to look through the options at your new employer to find the most diversified investments. Later in the episode, Paul wants you to know that people who are really harping on the idea of having a “tax-free” retirement are likely just using these buzzwords as a marketing tool. Paul touches on where taxes fit into a retirement plan and a few of the traps you can fall into when you’re chasing the lowest possible taxes. 

 

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 FED Drops Interest Rates by 0.5% | Annuities and the Rise of Healthcare Costs

By now, almost everyone has heard that the FED dropped interest rates last week, which has created a lot of noise in the investment world. Contrary to what many talking heads and advertisers would lead you to believe, now is not the time to make a change, and interest rates were already coming down before the announcement. Paul opens the episode with a deep dive into why the drop may have happened and what these kinds of announcements actually signal or affect. Later in the episode, Paul jumps into a listener question about an annuity with multi-year guarantees to use for healthcare costs late in retirement. Paul addresses the rising healthcare costs and discusses what he’s looking to use annuity products for and when you should stay away from them.

 

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

Overcoming the Fear That Keeps People From Investing in the Market

Paul starts by sharing his excitement about a big client appreciation dinner coming up next month and shares the details on how to get involved. Then, Paul talks about some conversations he had this week with financial advisor coaches about how financial advisors can help people overcome the fears that make them park all their money in fixed-income assets and incur inflation risk. Paul talks about what you can do to pinpoint the fears you have about investing and how education can help you overcome them. Many people develop fears out of the misinformation from financial media or the risky financial practices of the industry, but there is another way forward. 

 

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 Moment Paul Realized He Wasn’t Following the Industry (Part 2)

Paul talks about his transition from trying to learn about investment products and starting his own career to learning how to educate investors and understanding what it truly means to work for someone for their own best interests. Paul talks about the Prudent Investor Rule, which is a legal framework that is used when minors or others unable to manage their own assets need to trust someone to enact a financial plan on their behalf. He also tells the story of the first conversations he had with his dad about the proven academic research behind investing that the industry flat-out ignores and how these influenced him over the years. 

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