The Investor Coaching Show with Paul Winkler

We Could Learn This Lesson About Business Success From Amish Communities

Today, Paul brings an article from the Wall Street Journal about economic mobility and success in business from an unlikely place: an Amish community in Ohio. Listen along as Paul talks about how building a strong community that serves one another is a powerful tool that can unlock success in business, a deep sense of purpose, and the preservation of the American Dream.

 

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 Shares Sales Pitches for Advisors From His Email Inbox

Today, Paul talks about the problem with investing being a sales-driven industry. Paul shares the constant barrage of emails from people hoping to pitch products and services that show up in his email inbox and explains how educated investors can usually spot when their advisors have fallen into common investing traps. 

 

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 Do You Protect Yourself From Criminals Like Bernie Madoff?

Over the last few decades, there have been multiple instances of investors getting caught up in massive frauds and losing all of their money (i.e., FTX or Bernie Madoff). Paul got to address an investor's concern on OpenLine earlier this week. Today, he dives a little bit deeper into the topic and explains why investors start to abandon proven investing practices and get sucked into investing with bad actors. Later in the episode, Paul talks about a Forbes article that puts a big price tag on the American dream and why you should ignore articles like these as you think about your life goals and your true purpose for 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.

A Quick Guide to Buying Auto Insurance in 2024

Insurance prices keep going up, pushing people who have been very loyal to their insurers to look for better coverage at a more affordable price. Today, Paul provides a quick guide to buying auto insurance in 2024, where he covers the difference between captive and brokerage companies and the factors that influence the cost of your insurance, then shares a major misconception that many have about their insurance companies.

 

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 Don’t Have To Be Able To Predict the Future To Be a Successful Investor

Paul brings up a principle that most investors know, but few actually abide by: You don’t have to be able to predict the future to be a good investor. Listen along to hear how market timing sneaks into every aspect of investing and always results in investors taking too much risk for too little reward. Paul segues into a conversation about a fossil fuel alternative that could easily change the landscape of energy production, possibly lowering energy costs for companies and giving way for more profits and returns for shareholders.

 

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 Conversions Are Tricky. Did This Financial Columnist Get It Right?

An investor reaches out to a financial columnist because his advisor told him to ditch the Roth Conversion in retirement and just take his family on a cruise instead. Today, Paul examines both the advisor and the columnist’s advice and talks about why people in retirement can get enticed by the idea of tax-free money without considering their current marginal tax rate. 

 

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

Government Announces 2.5% Increase to Social Security Benefits in 2025. Is It Enough?

It is very difficult to calculate how inflation affects consumers because Americans are purchasing different products in different parts of the country. Today, Paul talks about a 2.5% raise in the COLA for 2025 and the trouble consumers are having keeping up with rising insurance and grocery store prices. Listen along as Paul shares some insight on how retirees feel the pressure of inflation and how some investing strategies can make it even worse. Later in the episode, Paul talks about emergency funds and what happens when you start to play games with your emergency fund by trying to get market returns through bonds or fixed-income investments.

 

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 Happens When You Inherit a Non-Qualified Annuity?

Some assets are pretty tricky for someone to inherit because they create a lot of tax problems for the inheritor. Today, Paul talks about what happens when you inherit a non-qualified annuity. Do you pull money out and pay taxes on all of it? Do you annuitize it and hope you outlive your life expectancy? Paul answers these questions and encourages investors to avoid these kinds of problems by not getting their money tangled up in these kinds of products from the start. 

 

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 To Do When Your Employer Offers Company Stock as a Benefit

Today, Paul dives into what you should do if you work for a company that offers company stock as a benefit. Listen along as Paul spells out why it’s ok to trust your employer to provide you with a paycheck without putting the future of your retirement completely in their hands. In this episode, Paul explains that owning a single company can actually add risk to the rest of your portfolio even if it's performing well right now and gives you some other options to fully take advantage of this employee benefit. 

 

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 To Do When Your Employer Updates Your 401(k)

A concerned investor reaches out to Paul because he got a notice from his employer saying that they are updating 401(k) plans to “superior” fund options and doesn’t know what to do next. Paul explains what you should look for and avoid when your employer updates your 401(k) and how to keep from getting overwhelmed or confused by the options. At the end of the day, you are still responsible for your retirement, and your employer may not be as good at investing and financial planning as they seem. 

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