The Investor Coaching Show with Paul Winkler

College Is Coming — Here’s How to Start Saving for It

Today, Paul invites Michael on the show to help explain the options families have to save for education expenses. Paul explains that saving for college can be a smart idea when making a financial plan because of how expensive it is and the amount of time parents have to start saving for it. Listen along as these advisors explain the most popular accounts they recommend to clients who want to start saving for college and what you need to consider before choosing one. 

 

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

You Have 10 Years to Empty an Inherited IRA. You Need a Plan.

In recent years, we’ve seen numerous changes in tax laws. These laws have dramatically changed how to plan for retirement and how to manage an inheritance received from a loved one. Today, Paul and Michael explain some changes in tax law that affect inheriting money in an IRA. Listen along as they explain why investors have 10 years to decide what to do with the money in an inherited IRA and how some investors who aren’t asking for help are creating tax issues for themselves and turning this money back over to the government in 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.

Caring for the Investor, Not Selling Products for a Broker-Dealer

Today, Paul and Jim talk about how they got into the financial planning industry and when they both realized that they wanted to be caring for the client instead of helping a company sell financial products. Listen along as these two advisors share the tools these companies used to teach and groom advisors to pitch products. Paul shares how these practices pushed him out of that side of the industry and helped him start a business where he could educate and serve 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.

Protecting and Maintaining a Special Needs Trust

Paul invites PWI advisor and Chartered Special Needs Consultant® (ChSNC®) Chad Henson to the show to talk about how to create a plan to support children who struggle with independence. Today, Chad talks about how special needs children are often targeted by people who want access to any money they have, and how protecting and maintaining a special needs trust is usually a team effort. Listen along to hear these advisors talk about teaching your children how to have strong financial boundaries and whether or not your special needs child should be the trustee. If you’re looking for help caring for your family, it’s important to talk to someone who is qualified to help 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.

Making a Plan for Children Who Struggle With Independence With Chad Henson

Today, Paul invites PWI advisor and Chartered Special Needs Consultant® (ChSNC®) Chad Henson to the show to talk about how to create a plan to support children who struggle with independence. The first half of the show focuses on both adult and young children who have special needs and explains how to help them with housing, medical insurance, and income without getting in the way of other disability programs that the government provides. Later in the show, Paul and Chad talk about children who don’t have special needs but struggle with independence and responsibility in their own ways.

 

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

LPL’s Strategic Management Program: How to Tell When a Company Is Gambling With Investors’ Money (Part 2 of 2)

Capturing market returns is one of the biggest factors of investing success, and it comes from proper diversification. After Paul did a recent webinar on the topic, an investor brings Paul a LPL Financial product called the Strategic Asset Management Program (SAMs) and wants to know: Is this product capturing marketing returns or is it gambling with investors’ money? In this two-part episode, Paul and Michael look through this product to find the answer, but also teach you where an educated investor looks to find out what is really happening in an investment product. Listen along as these advisors discover what SAMs are doing with investors’ dollars and give you some tools to spot suspicious behavior in other 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.

LPL’s Strategic Management Program: How to Tell When a Company Is Gambling With Investors’ Money (Part 1 of 2)

Capturing market returns is one of the biggest factors of investing success, and it comes from proper diversification. After Paul did a recent webinar on the topic, an investor brings Paul a LPL Financial product called the Strategic Asset Management Program (SAMs) and wants to know: Is this product capturing marketing returns or is it gambling with investors’ money? In this two-part episode, Paul and Michael look through this product to find the answer, but also teach you where an educated investor looks to find out what is really happening in an investment product. Listen along as these advisors discover what SAMs are doing with investors’ dollars and give you some tools to spot suspicious behavior in other 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.

Why Not Go All In On Emerging Markets?

After a question in the last episode about investing in emerging markets, Ira asks Paul to clarify if we should be investing in emerging markets at all. Paul explains that the investor who asked this question wanted to know why you wouldn’t want to go all in on companies from emerging markets if they have historically higher returns. Listen along as Paul and Ira explain the logic behind building a portfolio with investments that don’t always move together and how emerging markets fit into an academic approach. Later in the episode, the advisors talk about taxes and investing with an article that gives investors seven reasons not to invest in their Roth IRAs.

 

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

Is the Media Predicting Downturns Because They Care About Investors?

Today, Paul asks Ira a thoughtful question about how financial media covers the news: Is the media predicting downturns because they care about investors? Both Paul and Ira conclude that if these media personalities can’t beat the market themselves, and if they don’t sell off their investments when they make these predictions, then they’re encouraging you to bet your money on something that they aren’t willing to bet their money on. Paul cautions investors: When someone makes a correct prediction about a downturn, it makes them look “in the know” and works to further their interests. This is why working with an advisor is better than blindly trusting someone you don’t know. Later in the episode, Paul answers a listener's question about investing in BRICs.

 

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

This Is Why Getting Out of Volatile Markets Is a Big Mistake

A big problem with wanting to be out of the market when it’s down and in the market when it’s up is that the market doesn’t move in a straight line, but rather it jumps around to different values at any given moment. Today, Paul and Ira talk about how investors experience the most gains in the market a few days a year and why the investors who crave control and can’t handle the markets’ bumpy ride sell low and buy high. Listen along to learn why volatile markets are tempting to leave but ultimately work in the investor’s favor. Later in the episode, Ira encourages people close to retirement to talk with an advisor about what their expenses will look like because he sees that most investors have an unclear picture of what they will be spending in retirement.

 

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