The Financial Procast

Every now and then something comes along that we just have to spend a bit more time on than usual. Today in the second half of the show, we get into proposed legislation from the Department of Labor. Now, this isn't the first time we've discussed the issue. But we now have congressional testimony to ... Keep Reading

  Every now and then something comes along that we just have to spend a bit more time on than usual. Today in the second half of the show, we get into proposed legislation from the Department of Labor. Now, this isn't the first time we've discussed the issue. But we now have congressional testimony to reference. The testimony is enlightening. It confirms what we've suspected for quite some time...the people who try to make the rules for the financial services industry have no clue how anything ACTUALLY work. We shouldn't be surprised. And we're not. But our frustration level is high nonetheless. Changing the rules to say that you can't do something doesn't change the fact that bad people do bad things. Rules be damned. And just because you can find an anecdote to support your theory, doesn't make it true. If you care to listen here's the lineup for episode 175: 70 Million Americans Have No Emergency Fund Retiring Babyboomers May Crash the Stock Market? The DOL Finds Little Support for Proposed Fiduciary Rule Thanks for checking out today's episode. As always, please let us know if there's anything you'd like for us to discuss in an upcoming episode, we're open to suggestions. The best way to reach us is to go over Contact us.  

Today we're tackling the topic of getting your financial house in order. That also means that we're discussing the lack of solid financial educational information that is available. And yes, we are talking about pensions…again. We (Brandon and Brantley) are very concerned that people are fed a fair amount of misinformation regarding personal finance. And ... Keep Reading

  Today we're tackling the topic of getting your financial house in order. That also means that we're discussing the lack of solid financial educational information that is available. And yes, we are talking about pensions...again. We (Brandon and Brantley) are very concerned that people are fed a fair amount of misinformation regarding personal finance. And as always, it's our goal to clear things up for you as much as possible. Here are the stories that shape the context for this episode: New Jersey Wins Court Decision: Allowed to "underfund" state employees pension It's Time to Prepare for Winter While the Sun is Shining 9 Things to Know About Whole Life Insurance (kind of) Roth IRA conversions may be good for high income earners As always, if you’d like to reach out to us with a question, comment or anything in between you can contact us here.

One of the most common phrases you'll see tossed around on the internet (at least as it relates to the topic of personal finance) is that “cash is king”. In fact, we recorded a podcast on that very topic a couple years back. But today we're not talking about cash per se. No, today we're ... Keep Reading

One of the most common phrases you'll see tossed around on the internet (at least as it relates to the topic of personal finance) is that "cash is king". In fact, we recorded a podcast on that very topic a couple years back. But today we're not talking about cash per se. No, today we're talking about cashflow in particular. We've realized over the last few years how important it is for us to have this discussion regarding cashflow. For so long, people have been focused almost exclusively on building their net worth or accumulating large account balances. Too little has been done to help people focus on what's really important... Cashflow. As we've said before, you can't spend home equity or your IRA balance at the grocery store. Not directly at least. And the biggest change for most folks as they move through life and approach "retirement" (whatever that means to them) is loss of income. Not because they hate money. But because they choose to stop trading time for dollars. That means they now have to make the money they've saved produce cashflow. We decided to talk about it at length in this episode, and here are the articles we referenced: Homeownership at 20 year low Senator Warren questions annuity sales incentives Retirement planning is all about cashflow As always, if you'd like to reach out to us with a question, comment or anything in between you can contact us here.  

Well, back from the beach and with much better wifi than what I had last week. I don't think there are any long moments of silence in this episode. Here's what's on tap for episode 172: Data Shows that Congress Doesn't Care What You Think Jack Bogle Likes Active Investment Management? Dividend Stocks Are Better ... Keep Reading

  Well, back from the beach and with much better wifi than what I had last week. I don't think there are any long moments of silence in this episode. Here's what's on tap for episode 172: Data Shows that Congress Doesn't Care What You Think Jack Bogle Likes Active Investment Management? Dividend Stocks Are Better than Bonds? Credentials for Financial Advisers As always, if you have questions please reach out to us here.  

In this week's “live from the coast of Georgia” episode, we're talking about: Why Elite Colleges Don't Guarantee Success How the Rich Got Rich Is the 401k to Blame? Your financial advisor has vanished Not much else to add this week…somebody's gotta get some sand between their toes. As always, if you have questions please ... Keep Reading

  In this week's "live from the coast of Georgia" episode, we're talking about: Why Elite Colleges Don't Guarantee Success How the Rich Got Rich Is the 401k to Blame? Your financial advisor has vanished Not much else to add this week...somebody's gotta get some sand between their toes. As always, if you have questions please reach out to us here.

It seems like episode 170 is all about psychology and how people think about things related to money. Well, at least that's what we were shooting for…I think. Of course we'd all like to think that we're 100% logical when it comes to planning our finances but as you'll learn by listening, that's just not ... Keep Reading

In episode 169 of the Financial Procast we re-visit the Bondex. For those of you that have no idea what that means, you could go all the way back here and listen to the original episode. Be warned, it was one of the first recordings we made…sound quality is not great. The first half of today's show ... Keep Reading

In the 168th episode of the Financial Procast there is a common theme. Being overconfident about money, how much you REALLY have, and what it takes is dangerous. Confidence is generally a good thing. But when it comes to money, being too confident can lead to apathy and apathy leads to carelessness. Being careless with your ... Keep Reading

Today we're talking about Robo Advisors again. Don't worry, that's not the only thing we're discussing but we do spend quite a bit of time on that topic. What they're doing almost feels dirty. Taking a “process” that the investment industry has been doing on paper for 20 years and putting on the web almost ... Keep Reading

Well, you lucked out again. We got so wrapped up in one of our discussions that we only got to complain about 3 topics today instead of four. In this episode of the Financial Procast we discuss the spending habits of the rich, poor and everyone in between. You may be surprised that the differences are ... Keep Reading