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On this episode, Taylor and Brad will discuss the major economic events that happened throughout 2022 and their outlook for 2023. Important Links: Monthly Budget: Financial Foundations Monthly Budget.xlsx Taylor's Website: https://www.fikeadvisors.com/retireasapshow Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

This week's episode is short and sweet. Taylor and Brad will be discussing why the podcast was absent recently and what to expect as we come to close out the year. Important Links: Monthly Budget: Financial Foundations Monthly Budget.xlsx Taylor's Website: https://www.fikeadvisors.com/retireasapshow Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

Planning out where your money goes when you pass away can be a difficult conversation to have, but it is necessary to optimize your financial plan. On this episode, Taylor and Brad will be discussing ways you can help lower the tax burden on your estate and how this can significantly impact the inheritance your heirs receive. Important Links: Monthly Budget: Financial Foundations Monthly Budget.xlsx Taylor's Website: https://www.fikeadvisors.com/retireasapshow Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

Tax planning is a necessary part of any comprehensive retirement plan. There are some ways we can be tax efficient right now that will also impact our long-term plan. Taylor and Brad will discuss some of these strategies you might be able to implement and why they have a big impact on your retirement plan. Important Links: Monthly Budget: Financial Foundations Monthly Budget.xlsx Taylor's Website: https://www.fikeadvisors.com/retireasapshow Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

Investing in the market right now can seem scary to a lot of people. The high volatility is usually viewed in a negative way, but there are some opportunities present right now. Taylor and Brad will discuss why you should keep investing during inflationary times and why this is nothing to be overly concerned about. Important Links: Monthly Budget: Financial Foundations Monthly Budget.xlsx Taylor's Website: https://www.fikeadvisors.com/retireasapshow Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

The word "budget" can invoke negative feelings for many people because of the thought that it restricts spending. However, we should be looking at this concept with an open mind and understanding the opportunities this strategy can present. Taylor and Brad will be discussing why budgeting works, how to get started, and why this might be a good time to start one with inflation still present. Important Links: Monthly Budget: Financial Foundations Monthly Budget.xlsx Taylor's Website: https://www.fikeadvisors.com/retireasapshow Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

Taylor and Brad have joined in on the fantasy football train as the season is quickly approaching. When the guys were thinking about making a good team in this fantasy league, they realized how many financial parallels there are. They will be breaking down some of the parallels on today's episode and what things you should be considering instead. Important Links: Taylor's Website: https://www.fikeadvisors.com/retireasapshow Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

We've witnessed a recent uptick in the market and now many are wondering if we are about to be in a bull market. However, there are still more economic concerns that have not be resolved quite yet. Taylor and Brad will talk about why this upward trend may be short lived and the rollercoaster cycles in the market tend to go through. Important Links: Taylor's Website: https://www.fikeadvisors.com/retireasapshow Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

The market hasn't been doing the best, but many people still need to generate consistent income for their retirement. Taylor and Brad will discuss some strategies on creating income in a down market and why it's important to have trust the market will rebound eventually.  Important Links: Taylor's Website: https://www.fikeadvisors.com/retireasapshow Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

If you have a lot of cash on hand right now, this may be a great buying opportunity in the investment world. Markets are down, which means stocks are on sale and though they could go down more, we can still use this to our advantage. Taylor and Brad will discuss why cash sitting in the bank is not ideal in this environment and the opportunities this downturn presents. Important Links: Taylor's Website: https://www.fikeadvisors.com/retireasapshow Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

Many people are feeling the pain of being in a down market and are making quick decisions that can be detrimental to their portfolios. Taylor and Brad will be discussing the danger of these rushed decisions and the potential consequences of managing your finances in this manner. Important Links: Taylor's Website: https://www.fikeadvisors.com/retireasapshow Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

Recently, the stock market has been down and many people can't help but feel a little worried. However, we're going to take a positive spin on this situation and talk about why it might be advantageous to do Roth conversions right now. Important Links: Taylor's Website: https://www.fikeadvisors.com/retireasapshow Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

There are people out there that have strong emotions when it comes to their money. They may panic and want to sell everything when the market takes a dip and want to buy when a stock price is at its peak. This is the opposite of the simple investing rule "buy low and sell high." Instead of trying to market time, we want to invest for the long term. Taylor and Brad will discuss some of the situations they have seen when somebody wants to emotionally invest and why it's so important to stay logical through all of this. Important Links: Taylor's Website: https://www.fikeadvisors.com/retireasapshow Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

The metaverse has been a hot topic in the technology and finance sector. Many people are wondering if this is a great investment opportunity, or if it's safer to just stick to real-world companies. Taylor and Brad will discuss what the metaverse is, their opinions on investing in it, and much more on today's show. Important Links: Taylor's Website: https://www.fikeadvisors.com/retireasapshow Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

The conflict between Russia and Ukraine has sparked fear in investors because some believe that this event will cause a crash in the stock market. While this event may cause some short term volatility, we want to keep the long term perspective as we navigate this turbulent time. Taylor and Brad will discuss the recent market volatility and why there's no need to panic about your retirement portfolio. Important Links: Taylor's Website: https://www.fikeadvisors.com/retireasapshow Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

Taxes are top of mind for many people right now as we prepare to file for 2021. We thought this would be a great opportunity to discuss some tax rules, strategies, and other considerations that might help out your retirement plan. Important Links: Taylor's Website: https://www.fikeadvisors.com/retireasapshow Retire ASAP Toolkit: https://www.fikeadvisors.com/what-we-do/retire-asap/ Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

On today's show we will compare and contrast mutual funds and ETFs. There are a lot of similarities between these two investment vehicles, but which one makes the most sense for your plan? Tune in to find out. Important Links: Taylor's Website: https://www.fikeadvisors.com/retireasapshow Retire ASAP Toolkit: https://www.fikeadvisors.com/what-we-do/retire-asap/ Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

We are wrapping up our current series with a big hitter. To buy low and sell high. As simple as this phrase is, many people have a difficult time getting over their emotions to do this properly. Taylor and Brad will discuss why this simple concept impacts a retirement plan and the importance of avoiding market timing. Important Links: Taylor's Website: https://www.fikeadvisors.com/retireasapshow Retire ASAP Toolkit: https://www.fikeadvisors.com/what-we-do/retire-asap/ Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

The best investors are able to put their emotions aside and make smart, financial decisions. This can be difficult for many people to do because our emotions tend to make us reactive and impulsive. Financial advisors find themselves talking people down from jumping out of the stock market, or buying something they cannot afford. Brad and Taylor will discuss the importance of letting your logic lead the way and some of the emotional decisions they've had to talk their clients out of. Important Links: The Retirement Answer Man Podcast: https://bit.ly/3qmMIkL Taylor's Website: https://www.fikeadvisors.com/retireasapshow Retire ASAP Toolkit: https://www.fikeadvisors.com/what-we-do/retire-asap/ Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100

In order to make money in the investing world, you have to take on some risk. The amount of risk you're taking will vary depending on the product and many people don't have a grasp on how much risk is too much. That's why we wanted to discuss some common misconceptions when it comes to risk on today's show and why you should be reviewing this variable in your portfolio on a regular basis. Important Links: Taylor's Website: https://www.fikeadvisors.com/retireasapshow Retire ASAP Toolkit: https://www.fikeadvisors.com/what-we-do/retire-asap/ Get Taylor's Book: https://amzn.to/3p60DIp Your Early Retirement Map: https://mailchi.mp/fikeadvisors/your-early-retirement-map Call: 330-264-1100