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The Big Idea
13 minutes | Jan 12, 2022
Validation: Can I Retire?
Validation: Can I Retire? A few notes & thoughts about navigating money choices and life events. The validation of trying to justify the retirement decision… How does one answer the question of “Can I Retire?” I’m not going to attempt to answer the question but I think it’s a fair one to ponder and I discuss a little about the process. Additionally, we discuss divorce, income for retirement, starting out as the young & penniless, fighting for every dollar and more. The theme, it’s always best to seek some guidance when making money decisions.
16 minutes | Jun 2, 2021
Solo-Chat with Mike. Camping, Podcasts, Betterment & Stuff
Solo-Chat, June is here. Betterment, Camping & Stuff June is here. Summer is here. This episode is a solo-chat with Mike. He just hits the record button & goes for 15 minutes…
41 minutes | May 13, 2021
Fred Klinshaw, Your Fishing Guide
Fred Klinshaw, Fishing Guide How good is the fishing in Ventura County? What are the top reasons to hire a guide & how much does it cost? Here are 10 reasons you’ll love your guide experience fishing on Lake Casitas. #1 – You just show up, you don’t need any gear at all. Your guide will have top of the line gear for you. #2 – You catch the fish but you don’t have to touch it. (unless you want to). Most fish are catch & release, no harm, but if you want to keep it you can. #3 – The boat ride goes fast enough to feel thrilling. It’s 20-30 mph but on a boat it feels so exciting. #4 – You’re almost guaranteed to catch fish, look at the results on instagram, impressive amounts & sizes. (IG: the_hammer_of_fury) #5 – It will likely be the largest bass you’ve ever caught in your life. Lake Casitas is a world renowned fishery. #6 – The peace & quiet out on the water will surprise you. It’s relaxing to be out in nature. #7 – You’re likely to see some wildlife, the rolling hills and lush topography offers multiple wildlife sightings on the shoreline. #8 – It’s a half day trip, 7AM-11AM is the most common but other options are available. #9 – You can explore some hiking & other activities inside Lake Casitas recreation area. #10 Be sure to ask about the bald eagle nest at Lake Casitas, they have a protected area that is the home of a bald eagle. Spots do book up quickly so be sure to reach out to get on the list, there are also opportunities for Lake Cachuma in Santa Barbara & Lake Castaic but Lake Casitas is our favorite. For more information or questions feel free to reach out directly call/text to Fred Klinshaw 805-630-0160 Visit online: FredKlinshawfishing.com On google you can read the reviews, currently he has 56, Five-Star reviews. Learn more online fredklinshawfishing.com/.
12 minutes | May 7, 2021
A few notes from Mike
Quick Chat and a few notes about podcasting There have been a few gaps in the podcast over the past 2 months. Over the past year many of us have taken on a few new hobbies…
14 minutes | Feb 16, 2021
Is Dave Ramsey Out of Touch? How dry is your financial cake?
How Dry is Your Financial Cake? Is Dave Ramsey Out of Touch? Have you ever baked a cake? Did you determine if it was made perfectly or if there might have been any changes you would have liked to make? This same reasoning can be used with your financial situation, today’s show is “How Dry is Your Financial Cake?” “Is Dave Ramsey Out of Touch?”
18 minutes | Feb 1, 2021
GameStop & Fundamentals, FOMO and More.
FOMO, FACTS and GAMESTOP GameStop and that strategy… A few fun facts and a practical approach to long-term growth with your money. Did you have any “Fear of Missing Out” with $GME? Have you ever considered how the emotions and psychology of investing plays a roll with investing? How much did the $GME trade rely on fundamentals? Learn more online search for Ventura County. Email Questions or comments to: Michael@maranantha.com
14 minutes | Dec 18, 2020
Interest Rates, Home Prices, Retirement Taxes and Holiday Traditions
Michael Anderson, Wealth Planning Interest Rates Home Prices Retirement taxes with IRA’s and distributions along with Roth Conversions. Connect, ask a question or listen to previous episodes please check out Maranantha.com
17 minutes | Nov 7, 2020
About Annuities. An annuity is a product that a lot of people don’t really like to hear about. And if you don’t have one, you probably won’t get one. But if you do have one, um, You were probably sold one and you’re wondering if it’s a good product or not. I don’t offer them, as a product that I have for clients, but I do help educate people on them. WHAT SHOULD YOU KNOW ABOUT YOUR ANNUITY? It is a product that, if used for the wrong reason, it’s a very inefficient vehicle. It’s like using a Ferrari to take multiple children to school. A much better product would be a school bus, right? You want to use the right vehicle for the objective that you’re trying to achieve. An annuity salesmen like a contractor that only has a hammer as a tool. And if you only have the hammer as a tool, then every client begins to look like a nail. Unfortunately, I’ve seen this to be true in the industry. Some salesmen only sell annuities. So regardless of your situation, you’re going to be recommended to have one of these products. And that’s the part where I think it’s not good. FEES So the first thing to understand is the fees because the fees are what’s going to impact performance. If you have a variable annuity, it’s going to have fees in there. It’s going to be 1% to 2% just right off the top for the annuity and then whatever income rider or death benefit rider is included in that annuity. If it’s an income rider, there could be a benefit to having that annuity, if you use it. Conversely, what I often see is, people will have a variable annuity with an income benefit rider, but they’ll never use the rider. They’ll never use the income. They’ll never actually take the benefit of what they’ve been paying for for a long time in those scenarios, the annuity company wins. So, you definitely want to understand what the fees are. What type of annuity do I have? Is there an income benefit rider or death benefit rider? There’s much more to it than that, but that’s the first step to get ahead of the game. The second thing that people will say is, “Oh, I have an annuity and I didn’t pay any fees”, and it turns out they have a fixed indexed annuity or a fixed annuity. It’s not that there’s no fees, it’s that the fees are included in the way the product is offered. So you don’t have to write a check. There’s no deduction of fees from what you receive. It’s just baked in the cake. You don’t really see it, but the insurance company is making some money off of offering this to you. With these index annuities, the salesman will tell you “Oh, this is a wonderful product you can earn”, and they’ll spout out a percentage number. For example, they’ll tell you, “This is a great product. When the market goes up, you could earn 9% return from this product”. And in your head, you’re thinking what 9% annually. But in reality, they’re saying you could get 9% for the total of the four year product. 9% for four years, that’s not anything special. That’s 2.25% per year. That’s hardly better than a savings account. Uh, and that’s, that’s, what’s possible. That’s the highest return you could possibly receive. You could also get zero. What I don’t like about indexed annuities is that they will often get misquoted, just like the example above. Annuities are tricky. If you already have an annuity and you don’t understand it, or you’re considering cashing out your annuities it’s best to have a consultation with a financial advisor. I’m a fiduciary, and I’d be happy to review your accounts and talk with you about options for your annuities. If you would like you can get more information go to Maranantha.com or email at firstname.lastname@example.org. Disclosure: This is an educational program. I’m not giving you advice. Please, don’t take advice from me on this program as I don’t know your personal situation.
15 minutes | Oct 18, 2020
Death and Deep Conversation
Death and Deep Conversation. On this week’s episode, Mike explores the difficult conversation of death and personal finance. To learn more go to Maranantha.com, and press the Start Here button. Music by Jay Man | OurMusicBox Website: www.our-music-box.com YouTube: www.youtube.com/c/ourmusicbox
10 minutes | Oct 9, 2020
A Personal Money Story
A Personal Money Story. In this episode, Mike shares a personal money story and what motivates him as a Financial Planner. For more information, check out Maranantha.com. Music by Jay Man | OurMusicBox Website: www.our-music-box.com YouTube: www.youtube.com/c/ourmusicbox
13 minutes | Sep 25, 2020
4 Quick Money Lessons
On this episode, Mike shares 4 Quick Money Lessons to improve your personal finances. Listen here to learn more.
15 minutes | Sep 17, 2020
Investment Management. Are you familiar with the “barbell strategy”? When you think about how you're investing your money, maybe you have a 401k, an IRA, a retirement funds or investment account. How do you decide how much money is in cash or how much money is in something else, like stocks or in bonds? The Cost of Investment Management We want to keep your expenses low. This includes the internal cost. We can help make sure that the internal costs of what we're doing are low, so we're not missing out on performance with various fees. As far as turnover, generating high taxes also eats away at your performance. So, there are a number of things to think about when it comes to investing. One approach is the idea of looking at the whole market and saying, “Let’s diversify”, and be invested in the broader market. Within that, there are some areas where we can target a higher expected return with some sectors, countries or companies. Within these we want to have overweight. Stocks With stocks, it’s important to know the company size, what's the relative price that it's currently being offered at and how's their profitability. These are the dimensions of expected returns and we can look to those three areas to understand stocks. Bonds With bonds, we look at the maturity of the bond, and when we are going to get our money back, the credit quality of the bond, and it’s currency. These are the dimensions of expected return. If it's a, not a domestic bond, but rather an international bond or an emerging market bond, sometimes you have to be sensitive to the currency it's in. The Barbell Strategy I think it's so important to have what I'll call the barbell strategy, sometimes called the dumbbell strategy. The barbell strategy attempts to answer these questions: What if their market returns to new all time highs in the stock market? Are you positioned to participate in that stock market run? If it goes to all time new, all time highs. The other question people think about it. What if there's a decline from where we are today of 50% in the stock market from where we are right now. Are you positioned okay for that event? Personal finance is more personal than financial. It's important to know where you are at, and to understand what money you need right now, for the next three months, six months, year, two years, and so on. You'll find a comfort level with saying, “I need X dollars to be comfortable in my life” or having an emergency fund in your savings account. Long Term Investing What should I be doing with this additional money that I have? That's when you can have a long term approach with your money and can invest it into the market, while being sensitive to the company size, relative price and profitability. We can invest it, and if the market does return to new all time highs, you will be positioned well with that money, if you're hedged you're in a good position. I like the barbell strategy, and I'd be happy to discuss this with you for your specific situation. We can have a free 15 minute call, you just click the Start Here button at Maranantha.com. Music by Jay Man | OurMusicBox Website: www.our-music-box.com YouTube: www.youtube.com/c/ourmusicbox
10 minutes | Aug 25, 2020
Here's an idea to consider right now, get as much money as possible into Roth IRA accounts! Taxes are low, and doing these Roth Conversions be very beneficial when taxes go UP. Listen here to learn more.
7 minutes | Aug 18, 2020
Here are 10 questions for you, would you care to share a story about money? Answer one or more of these questions in the comments (or click the link & record a voice mail to me.)
7 minutes | Aug 11, 2020
Introducing Rachel Graves, Maranantha Financial's Operations Director II and Client Support Manager.
5 minutes | Aug 5, 2020
Why You Shouldn’t Invest the Money You’re Saving to Buy a House
Why You Shouldn't Invest the Money You're Saving to Buy a House
15 minutes | Jul 13, 2020
What type of investments should I make?
What type of investments should I make?
18 minutes | Jul 7, 2020
Should I focus on retirement OR buy my first home?
Should I focus on retirement OR buy my first home?
29 minutes | Apr 21, 2020
Peace Corps Volunteer – Ryanne Bamieh
Learn more about the peace corps experience, we talk with Ryanne Bamieh, she served in Comoros for the peace corps.
11 minutes | Apr 14, 2020
Life after quarantine? How is it going to look…
Life after quarantine? How is it going to look...
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