2024 Financial Planning Year-End Checklist

Retirement Approved with Matt Paul & Steve Paul

Retirement Approved with Matt Paul & Steve Paul

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İçerik Matt Paul & Steve Paul, Matt Paul, and Steve Paul tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Matt Paul & Steve Paul, Matt Paul, and Steve Paul veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.

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1 yıl önce 23:16

MP3•Bölüm sayfası

In this episode, Matt and Steve provide a comprehensive end-of-year financial checklist that covers everything from maximizing retirement contributions to exploring tax-saving strategies. You might not need to check everything off this list, but reviewing all of these areas will keep your on track for a secure financial future.

Here’s what we discuss in this episode:

0:00 – Intro

1:58 – Max contributions

3:17 – Tax-loss harvesting

5:10 – Check RMDs

7:19 – Charitable contributions

9:18 – HSA & FSA contributions

12:07 – Roth conversions

14:46 – Rebalance

16:25 – Review insurance

18:18 – Pay off debt

20:07 – Gifting strategies

Learn more about us: https://www.rwpaul.com/our-firm

Contact Matt & Steve: https://www.rwpaul.com/contact

Phone: 248-305-9911

Find us on YouTube: https://bit.ly/481OA51

24 bölüm

#Trading #Careers #Business #Matt Paul Steve #Matt And Paul #Steve Paul #Retirement #Financial #CFP® #Certified Financial Planner® #Rich Paul #Michigan #401k #IRA

Retirement Approved with Matt Paul & Steve Paul

2024 Financial Planning Year-End Checklist

Retirement Approved with Matt Paul & Steve Paul

published 1 yıl önce

Paylaş

MP3•Bölüm sayfası

Here’s what we discuss in this episode:

0:00 – Intro

1:58 – Max contributions

3:17 – Tax-loss harvesting

5:10 – Check RMDs

7:19 – Charitable contributions

9:18 – HSA & FSA contributions

12:07 – Roth conversions

14:46 – Rebalance

16:25 – Review insurance

18:18 – Pay off debt

20:07 – Gifting strategies

Learn more about us: https://www.rwpaul.com/our-firm

Contact Matt & Steve: https://www.rwpaul.com/contact

Phone: 248-305-9911

Find us on YouTube: https://bit.ly/481OA51

24 bölüm

#Trading #Careers #Business #Matt Paul Steve #Matt And Paul #Steve Paul #Retirement #Financial #CFP® #Certified Financial Planner® #Rich Paul #Michigan #401k #IRA

Tüm bölümler

Retirement Approved with Matt Paul & Steve Paul

1
2025 Tariff Reactions: Breaking Down The Data 20:04

2 gün önce20:04

20:04

With headlines dominated by tariffs, inflation fears, and wild market swings, it’s easy to get caught up in the chaos. In this episode of Retirement Approved , Matt and Steve break down the ongoing tariff situation, how markets have reacted, and what it means for your financial future. They unpack the rollercoaster of conflicting government messages, fake news headlines, and sudden reversals that have sent markets on a wild ride in recent weeks. From a record-setting 10% market rebound to panic-fueled selloffs, this episode explores why emotional reactions can lead to long-term mistakes and why staying calm and strategic is key. The Pauls also dig into rising interest in gold, its historical performance, and how it compares to the stock market and even Bitcoin. Here’s what we discuss in this episode: ⚠️ Why timing the market off headlines is risky 📉 What to do (and what not to do) during volatility 🧠 The power of staying invested through uncertainty 📊 How diversification protects you from chaos 💰 Gold’s hype vs. actual historical performance Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51…

Retirement Approved with Matt Paul & Steve Paul

1
Market Predictions & 1st Quarter Updates 2025 22:08

30 gün önce22:08

22:08

This week on Retirement Approved , Matt and Steve break down the latest market volatility, the first quarter’s performance, and what’s driving investor sentiment in 2025. With ongoing uncertainty around tariffs and the potential for more market pullbacks, what should investors expect in the months ahead? Tune in as we review predictions from top financial institutions and compare them to recent market trends. The guys also revisit their own forecasts from earlier this year and make a few new ones. Plus, they discuss the potential for further volatility and why a well-structured investment strategy is key to long-term success, even when fear dominates the headlines. Here’s what we discuss in this episode: 0:00 – Intro 2:23 – Market volatility & investor reactions 5:42 – Financial institutions’ predictions & market corrections 8:47 – Matt and Steve’s 2025 predictions 10:52 – Ignoring market noise 18:33 – NVIDIA & Bitcoin predictions Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51…

Retirement Approved with Matt Paul & Steve Paul

1
The Future of AI: How Far Off is Judgement Day? 23:57

7 weeks önce23:57

23:57

Is AI advancing faster than we can control? That’s what people are wondering as AI has dominated the conversation in tech for some time now. In this episode, Matt and Steve discuss the future of artificial intelligence, from large language models (LLMs) to agentic AI and the potential risks of artificial general intelligence (AGI). We’re going to cover how AI is transforming industries, whether we’re headed toward a Jetsons utopia or iRobot chaos, and how deepfake scams, automation, and geopolitical risks are reshaping our financial and personal security. Plus, we dive into the AI investment boom, whether Nvidia’s stock is in a bubble, and how to position your portfolio for the AI revolution. Here’s what we discuss in this episode: 0:00 – Intro 1:10 – Large language models 3:59 – The scary AI model 6:06 – Short term risks 7:38 – AI tech stocks 11:40 – AI web of companies 15:42 – Massive innovation risk 17:55 – Are we still early? 21:21 – What’s next? Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51…

Retirement Approved with Matt Paul & Steve Paul

1
Behind The Fulfillment Factor with Rich Paul 20:02

11 weeks önce20:02

20:02

We’re excited to welcome the man behind our firm to share invaluable insights on what it means to find fulfillment in retirement. Rich Paul, CFP® CRPC® authored The Fulfillment Factor and we want to find out how he’s applying those lessons and messages to his own retirement. As we dive into the topic, it’s clear that retirement is not just a financial milestone but a significant life transition that requires thought and planning. The 'Fulfillment Factor' is crucial, as it encompasses both financial stability and personal satisfaction. As Rich puts it, "What now?" becomes the pressing question for many retirees. That’s why he encourages everyone to embrace the quirks of aging with humor and to stay proactive about their health and social engagement. The takeaway is clear: retirement should be a time of exploration, joy, and fulfillment, and planning for it holistically can lead to a more satisfying life. Here’s what we discuss in this episode: 0:00 – Intro 1:18 – Background on the Fulfillment Factor 2:45 – Health 7:14 – Rich’s health scare 10:43 – Retirement personalities 13:10 – Lesser-known Medicare benefit 14:35 – What other hobbies is Rich taking on? Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51…

Retirement Approved with Matt Paul & Steve Paul

1
Bullish or Bearish: Market Predictions for 2025 21:34

15 weeks önce21:34

21:34

As we step into a new year, the financial landscape is rife with forecasts from various analysts and institutions. But how reliable are these forecasts, and should investors base their strategies on them? In this episode, Matt and Steve will look back at how 2024 performed compared to predictions and explain why you shouldn’t make investment decisions based on what people think might happen. Matt and Steve also share their predictions for 2025, offering insights into potential market trends. While Matt remains optimistic, anticipating another double-digit year, Steve expresses caution due to looming inflation concerns and geopolitical risks. Both agree on the importance of staying informed and adaptable, as the market's unpredictability can lead to unexpected opportunities and challenges. For investors, the key takeaway from this episode is clear: focus on having a solid plan and strategy rather than getting caught up in the noise of predictions. What do you think might happen? Leave a comment and let us know. Here’s what we discuss in this episode: 0:00 – Intro 1:18 – Should you listen to predictions? 1:14 – 2024 prediction recap 10:15 – Our 2025 predictions 17:15 – Stay diversified Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51…

Retirement Approved with Matt Paul & Steve Paul

1
Bitcoin to $100K – Is It time to Be Bullish on Crypto? 25:29

19 weeks önce25:29

25:29

The world of cryptocurrency has always been a rollercoaster, and the recent surge of Bitcoin to $100k has everyone talking. It’s been a huge topic in our office as well but is it just a flash in the pan? Today we’re going to discuss the growing confidence in digital currencies, spurred by a new administration that seems more crypto-friendly than ever. This political shift could pave the way for more innovation and less restrictive regulation, potentially transforming the crypto landscape. Here’s what we discuss in this episode: 0:00 – Intro 1:18 – Mining Bitcoin 5:18 – How to get BTC exposure 8:47 – Ethereum 10:00 – Crypto friendly administration 15:58 – How high can we go? 20:50 – Losing sectors 21:25 – What’s our strategy? Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51…

Retirement Approved with Matt Paul & Steve Paul

1
2024 Financial Planning Year-End Checklist 23:16

22 weeks önce23:16

23:16

It’s getting down to crunch time in 2024 so what needs to be on your financial planning checklist before we hit the end of the year? As the year draws to a close, it's time to take a closer look at your financial plans and ensure you're on track for a secure future. In this episode, Matt and Steve provide a comprehensive end-of-year financial checklist that covers everything from maximizing retirement contributions to exploring tax-saving strategies. You might not need to check everything off this list, but reviewing all of these areas will keep your on track for a secure financial future. Here’s what we discuss in this episode: 0:00 – Intro 1:58 – Max contributions 3:17 – Tax-loss harvesting 5:10 – Check RMDs 7:19 – Charitable contributions 9:18 – HSA & FSA contributions 12:07 – Roth conversions 14:46 – Rebalance 16:25 – Review insurance 18:18 – Pay off debt 20:07 – Gifting strategies Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51…

Retirement Approved with Matt Paul & Steve Paul

1
Should Gold Be in Your Investment Portfolio? 19:40

25 weeks önce19:40

19:40

In the latest episode of Retirement Approved, Matt and Steve dive into the glittering world of gold investing. As gold prices reach new heights, we’ll explore the reasons behind this surge and what it means for investors. Gold has always been a hot topic in the investment world, often seen as a safe haven in times of economic uncertainty. But how should it fit into your retirement portfolio? Here’s what we discuss in this episode: 0:00 – Intro 1:41 – Price of gold 3:15 – The S&P 500 compared to gold 5:48 – Geopolitical factors 8:18 – Gold compared to the money supply 11:03 – Rules for owning gold 13:52 – How do you acquire gold? 17:15 – Other precious metals Get our ebook ‘Nuggets of Wisdom’ at RetirementApproved.com Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51…

Retirement Approved with Matt Paul & Steve Paul

1
Social Security Essentials: What You Need to Know Heading Into 2025 18:11

27 weeks önce18:11

18:11

Few things get as much attention inn retirement planning as Social Security because of its importance and its uncertain future. Today we’re going to tackle some of the essential planning conversations you need to have about Social Security and clear up the questions people are asking as we head into a new year. Here’s what we discuss in this episode: 0:00 – Intro 1:21 – 2025 COLA increase 2:49 – When to file 6:55 – No taxes on SS? 10:43 – Solvency 15:33 – When do you file? Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51…

Retirement Approved with Matt Paul & Steve Paul

1
Is It Time to Start Timing the Market? 16:11

29 weeks önce16:11

16:11

Everyone wants to get a leg up on the stock market and make shrewd investment decisions to grow their portfolio. The problem is trying to time the market is incredibly difficult. So many different factors are at play when you’re investing in the market and that’s why even the smartest people get it wrong. In this episode, we’re going to tackle the age-old question: Is it time to start timing the market? Using a sports betting analogy, Matt and Steve break down the complexities and risks of market timing. We’ll use some eye-opening charts to help you understand the mistakes people make and why staying invested might be your best bet. Here’s what we discuss in this episode: 0:00 – Intro 2:13 – Market timing is like a parlay 3:45 – Should I get out of the market? 6:18 – Types of investors 8:38 – Overconfidence 9:41 – Election years 11:16 – Mind-blowing chart 13:07 – Even the best get it wrong Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51…

Retirement Approved with Matt Paul & Steve Paul

1
Can I Retire with $1 Million Saved? 15:45

32 weeks önce15:45

15:45

The age-old question in retirement planning is how much do I need to retire? For many years, people have made one million dollars their goal as if that’s a sure-fire amount to retire on. It’s a nice round number to aim for, but is it really going to be enough? Today we bring on Matt Dombrowski, CFP® to discuss the process we go through with clients to help identify the number that they need to focus on. There are three primary questions we ask clients and we’ll share the conversations we have on retirement expenses, budgeting, income, and risk. We hope by the end of the video, you have a better understanding of what you need to know to determine whether you can retire with $1 million, but it’s always best to seek professional guidance. Here’s what we discuss in this episode: 0:00 – Intro 0:57 – Background on Matt 2:40 – Expenses and budgeting 5:25 – Income sources 8:01 – Risk Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51…

Retirement Approved with Matt Paul & Steve Paul

1
Market Update & 2024 Year-End Outlook 16:11

35 weeks önce16:11

16:11

August has been a month of market volatility, leaving many investors feeling uneasy about their portfolios. There’s plenty of reason to believe that it will continue through the rest of the year. So let’s discuss the reasons behind this turbulence and provide our view on how to navigate the remainder of 2024. We’ll breakdown the different factors that have led to the market’s choppy behavior, including the Japan carry trade, election uncertainty, and recession fears. Matt and Steve also share insights on how to navigate these turbulent times, emphasizing the importance of diversification and having a solid financial plan. Feeling a little nervous about the months ahead? Tune in to gain valuable knowledge on managing your investments and staying calm during market fluctuations. Here’s what we discuss in this episode: 0:00 – Intro 3:13 – Market volatility and client emotions 6:35 – Anticipating future market volatility 10:16 – Understanding inflation & market adjustments 12:08 – Diversification and proper planning 14:35 – Final thoughts Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51…

Retirement Approved with Matt Paul & Steve Paul

1
The Retirement Approved Book Launch has Arrived 5:35

38 weeks önce5:35

5:35

An idea that we had years ago has finally come to fruition and we’re excited to debut our new book, Retirement Approved . This comprehensive guide is designed to simplify the complex world of retirement planning, making it accessible for everyone, whether you're approaching retirement or already enjoying your golden years. For the month of August, you can get the Kindle version of "Retirement Approved" for just $1. That's right, an incredible deal for an invaluable resource! If you prefer a physical copy, clients can stop by the office to pick one up for free. This promotion makes it easier than ever to access expert guidance for your retirement journey. Here’s what we discuss in this episode: 0:00 – Intro 0:10 – Book launch 0:57 – The concept 2:10 – Easy to read 3:53 – Final thoughts Retirement Approved by Steve and Matt Paul - https://www.amazon.com/Retirement-Approved-Steven-Paul/dp/196404619X Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51…

Retirement Approved with Matt Paul & Steve Paul

1
5 Retirement Risks to a Retirement Plan 23:22

40 weeks önce23:22

23:22

Retirement should be a time of relaxation and enjoyment, but it can quickly become a period of stress if you haven’t addressed the biggest risks to your financial security. Today we’re going to identify the five biggest risks that could derail your retirement plan and discuss ways to combat these risks through planning. Understanding these five major risks can help ensure that your retirement stays on track and you’re able to enjoy it as much as possible. Join us for a deeper dive into each risk and practical advice on how to safeguard your financial future. Here’s what we discuss in this episode: 0:00 – Intro 2:08 – Sequence of Returns Risk 8:32 – Longevity Risk 11:00 – Inflation Risk 14:40 – Long-term care Risk 18:00 – Tax Risk 20:38 – Bonus Risk Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51…

Retirement Approved with Matt Paul & Steve Paul

1
Roaring Kitty, Inflation Insights, Ethereum and the Mag 7 20:05

42 weeks önce20:05

20:05

We’re back to talk more news, and this week, we’re tackling the world of meme stocks, the latest on inflation, and the rise of Ethereum ETFs. You might’ve heard of Keith Gill, known online as “Roaring Kitty” who recently shook the financial world with his bold moves on GameStop. The brothers discuss his recent success and whether GameStop is still a good buy. Then, they discuss inflation and the latest CPI numbers, explaining the significance of recent figures, the Federal Reserve's approach, and the potential impact on consumer savings and credit card debt. This episode also covers Ethereum ETFs, with the SEC's recent approval making waves. Finally, we’ll look at the "Magnificent Seven" stocks driving the market, focusing on Nvidia's phenomenal growth and the importance of diversification to avoid overexposure. Tune in to Retirement Approved to stay informed about the latest trends and strategies in finance and investing! Here’s what we discuss in this episode: 0:00 – Intro 1:07 – What is Roaring Kitty? 5:40 – Updates on inflation 8:14 – ETH ETFs approved 13:50 – Nvidia's Earnings and Mag7 ETH 2030 Price Target and Optimal Portfolio Allocations Report: https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-eth-2030-price-target.pdf Learn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51…

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