The Investor Coaching Show with Paul Winkler

What Is the Worst Trait of a Financial Advisor?

Paul and Evan have a fun time reading through an article that lists all the potential reasons your advisor might be a bad fit. Listen along to hear which reason is the most dangerous and whether Paul and Evan agree. Later, Paul and Evan joke about how the financial industry twists research into predictions about the future. 

To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.

Some Interesting QCD Options

Knowing the rules about your qualified charitable distributions (QCD) can be complicated or confusing. Today, Paul and Evan talk about some interesting QCD options you might not know about and encourage you to find out if a certain donation will qualify rather than only assuming it will or won’t. Paul encourages you to take advantage of this benefit and make it as impactful as possible.

To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.

International Pressure on Gas and Food Supply

Today, Paul talks about strategies Russia is employing to put pressure on the West’s gas and food supply. Listen along to hear why Russia is likely playing with fire and why the long-term solution to the supply chain of energy is a diversification of energy sources, not world peace or the promise of something new. Later in the episode, Paul explains why you shouldn’t only look up reviews or ratings of investments like you do for other consumer products. 

To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.

Keeping the End in Mind With Michael DelGiorno

Everyone knows that rising interest rates can help stop inflation, but raising the interest rates is an unpopular topic, and political leaders avoid it whenever possible. Today, Paul and Michael talk about why the best perspective is a long-term perspective and why the fear of what’s right in front of you hurts your ability to thrive. Listen along to hear why keeping the end in mind works so well in your personal and financial life.

Getting the Most From Your RMD

Today, Paul answers a listener who wants to know if he has to wait until he’s 70 1/2 to make a QCD in December or if he can make it now. Paul shares some helpful tips for getting the most out of your RMD and some research about whether it’s typically better to take your RMD every month or at the end of the year. Paul encourages you to make qualified charitable distributions (QCDs) to get the most out of your RMD. Later in the episode, Paul addresses Fidelity allowing investors to put Bitcoin in their 401(k) accounts.

To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.

How Your Money Works for You

If you don’t understand best practices for taking an income from your portfolio, you fall prey to financial products and strategies that promise peace of mind but can hurt your investments. Today, Paul connects the dots between the earnings yields of the companies in your investments and the amount you can take in income. Later in the episode, Paul explains how practices around taking an income are informed by the history of the market, not just one year or even one decade.

To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.

Keeping the End in Mind, with Michael DelGiorno

Everyone knows that rising interest rates can help stop inflation, but raising the interest rates is an unpopular topic, and political leaders try to avoid it. Today, Paul and Michael talk about why the long-term perspective is best, and why the fear of the immediate hurts your ability to thrive. Listen along to hear why keeping the end in mind works so well in your personal and financial life.

Fund Companies Are Like Car Companies

Paul and Ira make a connection between how both car companies and fund companies sell products. Listen along as Paul explains how car companies use social pressure, new technology, performance, and high gas prices to convince you to buy electric cars while avoiding any mention of safety hazards or environmental downsides. They agree that this is exactly like fund companies who take advantage of opportunities to get you rattled so you will buy new products.

To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.

Is the 4% Rule Too Aggressive Now?

Knowing how much income you can take from your investments helps you understand how much you should save. Paul explains that the investment industry seems to believe the 4% rule is too aggressive because of current market conditions. Listen along as Paul shares why the 4% rule is still conservative when a portfolio has been set up the right way and encourages listeners to understand the difference between being aware of market trends and panicking about changes.

To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.

The Problem With Municipal Bonds

Owning the wrong kinds of bonds can be painful in the investing process. Today, Paul addresses the problem with municipal bonds. Listen along to hear about the purpose of bonds in a portfolio and the many risks associated with municipal bonds, which traditionally give lower returns than equities but still offer a higher risk on principal than other bonds. Paul also addresses how the tax benefits pull investors in. Later in the episode, Paul shares an article from a Princeton professor: “Burton Malkiel: Does ESG Investing Deliver on Its Promises?”

To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.