Your Financial Mission with J’Neanne Theus

What You Need to Know About SDBAs

Coming up on this edition of Your Financial Mission, we are talking about SDBAs. We will discuss what they are, their benefits, their cons, and how they are used.
If you’re a doctor or a defense contractor, you have probably seen it inside your plans or portfolio. SDBAs (Self Directed Brokerage Accounts) are essentially a sleeve on the 401k or 403b that allows you to self-direct. Listen to the episode to learn more about how they may benefit you.
Here's some of what you will learn from today's mission:
How SDBAs can help diversify your risk. (5:42)
The benefits of using an SDBA vs. a normal brokerage account. (8:21)
The top struggles with clients that have SDBAs. (11:28)
7 Secrets To A Smart Retirement Plan Toolkit: https://bit.ly/3Njh9SI
Learn More: https://theuswealthadvisors.com/
Connect with us: info@theuswealthadvisors.com
Call our office: (443) 718-6310

How Bonds Work: What Retirees Need to Know

There is a lot of noise in the media about bonds currently. Many are wondering if they should stay in bonds, how safe bonds actually are, and what voices they should listen to for advice. Every situation is different, so you should always speak to an advisor.
 
Today, we will try to address the basics of bonds, and some of the common concerns surrounding them. Let’s dive in and see if bonds may still be worth your while.
Here's some of what you will learn from today's mission:
Should a retiree be in bonds despite the negative news surrounding them in our current market? (12:25)
Are bonds safe? How can you diversify your investments and still generate an income? (18:29)
Why investors need to understand the market’s history. (21:23)
7 Secrets To A Smart Retirement Plan Toolkit: https://bit.ly/3Njh9SI
Learn More: https://theuswealthadvisors.com/
Connect with us: info@theuswealthadvisors.com
Call our office: (443) 718-6310

Controlling Emotions When Planning for Retirement

In this episode, we’re going to share stories with you of times when emotions like fear, greed, and pride led someone astray in their financial decisions. We’ll even cover the role of positive emotions like hope and joy in retirement planning.
If you want to better understand and control your emotions to experience a better financial future, then this is the show for you. Our goal is to give you the tools to navigate these emotions to you can make the right decisions, without being led by emotions.
Here's some of what you will learn from today's mission:
The longest bull market in history sparked greed in some investors. Greed can get in the way of logic, and you can learn how to navigate that here. (5:47)
Fear can make you sell at the wrong time, after a market crash. If you are experiencing fear, here are our thoughts on that. (8:55)
Hope is wonderful, but it is not a financial strategy. (14:01)
The tragic story fueled by guilt when an advisor lost money for a client. This topic may be sensitive for some listeners. (23:18)
7 Secrets To A Smart Retirement Plan Toolkit: https://bit.ly/3Njh9SI
Learn More: https://theuswealthadvisors.com/
Connect with us: info@theuswealthadvisors.com
Call our office: (443) 718-6310

Her Wealth Matters Series: If Only You Had Hindsight

“Knowing what we know now…” is a phrase you hear a lot, especially lately. If you knew ahead of time, what would you do differently? What can we learn from these financial mistakes? We reflect and talk about the lessons learned on today's episode.
Today's show schedule: 
1:46 - Being too scared meant too conservative with investments.
2:50 - Too much risk you didn’t realize until the market crash.
4:04 - Misunderstanding Social Security can cause panic later on.
5:23 - Wishing you put more money in Roth IRAs.
7:01 - Retiring too early and needing to go back to work.

Her Wealth Matters Series: When The Customer Isn’t Always Right

When you work with a financial advisor, you’re likely coming to them for financial advice and expertise. But what about that saying, “the customer is always right”? Is that still true?   
Today's show schedule: 
1:42 - “I think I can time the market.” 
3:19 - “I know what I want to invest in, just pick the funds for me.”
5:04 - “I don’t need to spend the money on life insurance or long-term care.”
6:35 - “The fees are too high!”
8:23 - “My accounts are down right now, this isn’t working.”

Her Wealth Matters Series: Avoiding Financial Lies and Mistruths

You can’t believe everything you hear, right? What statements and concepts in the financial world should you take with a grain of salt? Can you tell what’s marketing and what’s real?  
Today's show schedule: 
1:29 - “We can beat the market.”
2:57 - “There are no fees!”
4:07 - “There’s no risk!”
5:34 - “Taxes will be lower in retirement.”
7:02 - “Never pay off your house early when interest rates are low.”
10:53 - “It’s just a paper loss.”

Her Wealth Matters Series: How Do We Create Predictable Income?

We’re living in a unique period of time where uncertainty seems to be the driving force across many sectors. The health crisis has forced us all to make changes to our daily lives and our finances, and that has a lot of people thinking about ways to generate predictable income. Let’s explore this idea by looking at ways this is done but identifying reasons why this might not always benefit you.
Today's show schedule: 
0:48 – Who wouldn’t want a little predictability right now?
1:34 – What retirement income sources appear predictable but might not be?
4:48 – Is there really such a thing as guaranteed income in retirement?
6:23 – J’Neanne shares examples of people who have faced income issues.
8:27 – What do you do if inflation decreases the value of your predictable income?
9:38 - Life events can throw off your plan if don’t prepare correctly.

Her Wealth Matters Series: Social Distancing for Your Money

We’re all doing our best to take the social distancing guidelines to heart by changing the way we’re living right now, but let’s take a break from the seriousness of it all with a lighter discussion on separation. What would that look like if social distancing was applied to your financial planning?
Today's rundown: 
0:40 – Some background on our topic today.
2:31 – First one: Your emergency fund and the stock market
5:38 – Second one: Life insurance and our investments.
7:42 – Third one: High turnover investment strategies and after-tax brokerage accounts
10:10 – Final one: Your emotions and your investment decisions.

Her Wealth Matters Series: Market Crash Hall of Fame

We closed out the month of March with an unprecedented month in the stock market as the coronavirus caused fear and uncertainty throughout the country. To get a little perspective on what we’re witnessing, let’s take a look back through history at the worst market crashes of all-time.
Today's rundown: 
1:06 – Black Tuesday in 1929.
2:24 – J’Neanne shares her personal experience of getting hammered by the market during the Dot Com bubble. 
3:30 – Panicking in these situations can make things worse.
3:47 – Post 9/11 historical single day decline
4:27 – The Crash of 2008
8:16 – We have clients that don’t care how it works. They just want to know that it will work.
8:36 – A lot of people will try to outpace the market and that’s a critical mistake.

Her Wealth Matters Series: What’s Your Level of Desire to Retire?

Retirement come in many different forms and we all create our own vision of the day we make that exciting transition. Maybe you’re someone that plans to work as long as you can or you the person that’s ready to retire as soon as possible. We all have a different level of desire when it comes to retirement, and today we’ll span the spectrum with J’Neanne Theus.
Today's show rundown: 
0:47 – Here’s what our topic is all about. Let’s determine what each of these statements mean.
1:26 – Level 1: ‘I don’t see myself retiring because I love what I do.’
3:27 – Level 2: ‘I guess I could retire but I don’t hate working so I might as well keep doing it.’
6:10 – Level 3: ‘I would like to retire in a few years, but I really have no idea when I can.’
8:04 – Level 4: ‘I always pictured myself working a few more years but retirement is starting to look better and better.’
11:39 – A lot of people have early buyouts that play into level 4.
13:15 – Level 5: ‘I want to retire tomorrow. If I don’t quit this job right now I’ll have to be put into an asylum.’