The Investor Coaching Show with Paul Winkler

The Moment Paul Realized He Wasn’t Following the Industry

Today, Paul tells a story about his younger self, who heard a pitch about the benefits of annuities and was left with plenty of doubts. Paul talks about what stood out to him about the pitch and the moment Paul realized he needed to pursue more education instead of following an industry that seemed set on pitching high-commissioned products as intelligent investing strategies.

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

Your Work Retirement Plan Isn't Enough. You Need To Know Why.

Most people have been told that work retirement plans are not enough to meet their personal needs and goals for retirement income, and for the most part that is true. The bigger problem is that most people don’t know why they aren’t a turnkey retirement option. Today, Paul explains what’s going on in these plans and what you can do to work with the investing options you’ve got through your employer. Listen along as Paul talks about why diversification, even though it’s a popular buzzword in the financial industry, isn’t being practiced by most companies that offer retirement options. 

 

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 Bucket Strategy: A Flawed Approach to Taking an Income in Retirement

Today, Paul walks through a very popular strategy for investing and taking an income in retirement: the bucket strategy. While having a plan for short-term, medium-term, and long-term expenses sounds like a good idea for investors, the bucket strategy uses ideas as an excuse to own assets that do not offer good returns for their risk. Listen along as Paul explains to investors why you can have a different strategy for retirement and still be able to afford purchases with different time horizons.

 

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

Research Shows Why Investors Fail and What You Can Do About It

Today, Paul talks about the importance of being an educated investor. He talks about how almost 100 years of research continue to show why investors fail and what strategies actually work. Listen along as Paul encourages you to get out of the hamster wheel of product sales and losing strategies and onto a path that will help you relax about money. Later in the episode, Paul shares an absurd fact about the ultra-wealthy that proves that having a purpose for your money is more important than just having a lot of it.

 

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 Crash Course on Taxes and Harris’ Capital Gains Tax Proposal (Part 2)

Today, Paul gives a quick crash course on a topic that is getting more attention because of the rhetoric around capital gains and the Harris campaign: taxes and investing. Listen along as Paul walks you through how the financial industry uses tax planning to sell products, how to make a financial plan that includes diversification for tax planning, and why the idea that most Americans don’t pay capital gains taxes but should isn’t accurate. In a two-part episode, Paul explains why the tax system is designed to benefit the federal government and why a wider tax on capital gains should be viewed as a tax on inflation — which the government is involved in creating. 

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 Crash Course on Taxes and Harris’ Capital Gains Tax Proposal (Part 1)

Today, Paul gives a quick crash course on a topic that is getting more attention because of the rhetoric around capital gains and the Harris campaign: taxes and investing. Listen along as Paul walks you through how the financial industry uses tax planning to sell products, how to make a financial plan that includes diversification for tax planning, and why the idea that most Americans don’t pay capital gains taxes but should isn’t accurate. In a two-part episode, Paul explains why the tax system is designed to benefit the federal government and why a wider tax on capital gains should be viewed as a tax on inflation — which the government is involved in creating. 

 

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

Roth IRAs vs. Traditional IRAs: What Are Marginal Tax Rates?

Paul walks through an important conversation about how to treat taxes when saving for retirement. Is it best to pay taxes before you contribute or after you retire? The answer depends on marginal tax rates. Listen along as Paul helps you navigate these two popular retirement vehicles and keeps you from paying more in taxes than you need to. 

 

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

How to Lock the Front Door of Your Identity During Data Breaches

We live in a world where your personal information can be made public by hackers and data breaches at any time. Paul walks through a way to “lock the front door” of your identity by placing a freeze on your credit when you find out your personal information has been stolen. This keeps anyone from opening accounts and taking out credit in your name. Listen along as Paul also explains why these breaches are much less common in financial institutions and the steps custodians have to take to protect your personal information and money.

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

Don’t Wait Around for the Government To Help You. You Can Help Yourself.

Paul brings multiple stories where investors are getting taken advantage of because they didn’t read the fine print. The hard truth all investors must come around to is that they can’t wait for the government to step in and protect investors against dangerous products and advisors who act in their own best interest. You need to take a moment, stop running on autopilot, and look at the fine print in all investment disclosures. Listen along as Paul shares exactly what documents to look for and where to look in them to understand if your advisor is working for you or just selling to you.

 

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 Odds Are Stacked Against Both Advisors and Investors

Paul found an article about medical professionals sharing the difficulties of navigating the medical industry when all they want to do is help people. He responds by saying, “This sounds just like the financial industry.” Listen along as Paul shares how the financial industry trains advisors and investors to buy products and adopt strategies that emphasize commissions and offer poor returns for 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.