Gyroscopic Investing

I wasn’t trying to convey urgency but the idea of you not giving your reaction to the other two series.

dualstow wrote: ↑Sun Dec 03, 2023 10:48 am
I wasn’t trying to convey urgency but the idea of you not giving your reaction to the other two series.

You gave me more than three.

After I listened to many of the podcasts that several of you suggested (thanks again!) .... I realized I'd stockpiled a lot of personal finance podcasts.

Just finished listening to this one. I'd read Terry Savage's book years ago and it was excellent.

First time I'd ever heard her speak. Quite impressive.

I think many people here would agree with both her and the host.

https://www.youtube.com/watch?v=2H9KS09USb4

Terry Savage: Chicken Money Strategies That Work


1,190 views Apr 25, 2023
IN THIS EPISODE, THE ANNUITY MAN AND TERRY SAVAGE DISCUSS:
- Responding to current financial issues
- The bulls, the bears, and the chickens
- Should you wait before taking social security?
- The biggest legacy you can leave

KEY TAKEAWAYS:
- Don’t panic at every scary event that you hear from the news. Recognize the history of resiliency that America has and the crises the country has gotten through. Also, check for yourself if and how current financial issues are affecting you personally before reacting to it.
- In every stage of your life, you should divide the markets into the bulls, the bears, and the chickens. You should always have some chicken money, it is the alternative to risk. Having discretionary funds that help you sleep at night is nothing to be ashamed of.
- If you have the financial ability to do so, then consider waiting before taking Social Security until age 70. That’s because there’s roughly an 8% increase in your benefit per year in the years after your full retirement age is.
- Your biggest responsibility isn’t the decisions you make or who you vote for, though those are really important. Your biggest responsibility is to pass down real history and to share the value of the American free enterprise capitalistic system to the younger generation.

"Self-discipline is the essence of all decision-making. You don't want to be making decisions out of panic. You need to set money aside and decide where it's going. Peace of mind is priceless." — Terry Savage
 
Connect with Terry Savage:
Website: https://www.terrysavage.com/
YouTube:

/ terrytalksmoney
LinkedIn:

/ thesavagetruth
Twitter:

/ terrytalksmoney
Facebook:

/ the-savage-truth-190870517609983
New Book Link: https://www.amazon.com/gp/product/111...

Listened to all of these from 2023.

https://www.terrysavage.com/terry-in-media/

BELOW ARE TERRY'S LATEST TELEVISION APPEARANCES


Seems like she makes regular appearances on a Chicago TV station to discuss various personal finance matters.

All are fairly short and all uniformly excellent.


She does not seem to make that many of her own videos as there were not that many here:

https://www.youtube.com/@TerryTalksMoney

I listened to the last two, where were also highly informative.


Her web site has a lot of useful information and I will be spending more time on it.

This one is a quite good one:

https://www.youtube.com/watch?v=cU99stl8pr8

Building TIPS Ladders to Achieve a Stable Living Standard -- A Discussion Allan Roth

Allan Roth is one of the four people on my Personal Finance Mt. Rushmore.



378 views Dec 14, 2023
This is the perfect time to consider purchasing TIPS -- Treasury Inflation Protected Securities. Their yield hasn't been this high for decades/ TIPS can be used to build your living standard floor and experience only upside to your living standard. (Btw, my company's MaxiFi Planner Premium and Pro software does Upside Investing.) Allan is expert on TIPS and how to ladder them. But he's an amazing font of knowledge on all aspects of personal finance. And, having advised huge companies, he's spending his "retirement" helping the little or, at least, littler folk. Please tune in to this fascinating episode of Economics Matters -- the Podcast.

Allan is the founder of Wealth Logic, LLC. An hourly based financial planning and investment advisory firm. He has been working in the investment world for decades in both corporate and personal finance. Allan has served as corporate finance officer of two multi-billion dollar companies, and consulted with many others while at McKinsey & Company.

Allan takes pride in being mocked on a semi-regular basis by some financial professionals for his hourly fee model and its obvious inability to make him rich. He is also the author of How A Second Grader Beats Wall Street (Wiley & Sons in 2009 and 2011) and writes for AARP, Financial Planning Magazine and others. Allan has taught finance and behavioral finance at the University of Denver, Colorado College, and the University of Colorado at Colorado Springs. Despite the many credentials (CFP, CPA, MBA) he has earned, Allan claims he can still keep investing simple. His professional goal is to never be confused with Jim Cramer.

Allan received his B.S. from the University of Colorado, his MBA from Northwestern University, and is a graduate of Stanford's Graduate School of Business' Executive Education Program

In the middle of listening to this one. Will listen to it again.

https://www.youtube.com/watch?v=rQXqA1522eA
The IRMAA Tax -- Hidden, Nasty, Retroactive.



386 views Nov 16, 2023
Economics Matters -- the Podcast wants you to know all the dirty little secrets of IRMAA, Medicare Part B Premium, which is simply a tax by another name. IRMAA refers to Medicare Income-Related Monthly Adjustment Amount. It's a nasty tax that is assessed when you join Medicare Part B or Medicare Part C. It's based on a special measure of Modified Adjusted Gross Income two years back in time. It will cost you anywhere from almost $2K per year to almost $7K. There are ways to limit your IRMAA tax and my guests, Mark Annese and Dan McGrath, are the experts with all the secrets. They have a built a IRMAA certificate program for planners with specialized software that can be used to reduce your IRMAA payments.

Here's descriptions of their program and of Mark and Dan.

IRMAACP is the first certification to assist professionals, from CPAs to Financial Advisors to Attorneys, in navigating and planning for Medicare’s IRMAA. With education on advanced planning, impacts on retirement plans, and training on appellate scenarios for clients, IRMAA Certified Planner is transforming how financial professionals conduct business and increase service value. In conjunction with Healthcare Retirement Planner, we have create the industries first and only complete solution for educating financial professionals and individuals on this topic. We have also created the solution to help project and mitigate these issues within individuals retirement plans.

Dan Mcgrath
Dan McGrath is one of the nation’s leading authorities on how the costs associated to health care are impacting investors’ retirement and Social Security benefits. He is the best-selling retirement planning author of “What you don’t know about retirement will hurt you,” as well as authoring on an annual basis, “A Guide to Understanding Medicare.” Currently he is one of the Co-Founders of IRMAA Certified Planner whose main responsibility is creating and designing the content of its IRMAA certification.

Mark Annese
Mark Has been working within the Medicare and IRMAA space for the past 8 years. He is the architect of the leading Social Security and Medicare IRMAA software. He is also the Co-Founder of IRMAA Certified Planner and Healthcare Retirement Planner.

Just listened to this one numerous times. A short one.

I've seen his name before (here?). First time I ever listened to him. Would definitely listen to him again.

https://schwabnetwork.com/video/sticky- ... ock-market

Sticky Inflation & How To Hedge The Stock Market
Is there a chance that the market has gotten way ahead of the Federal Reserve? Will core inflation continue to linger in 2024? Cullen Roche expects interest rate volatility, even with continued stabilization. The U.S. consumer seems to be incredibly resilient. How can investors manage their fixed income portfolio? Roche says that for a more immediate time horizon, it is important to extend T-Bill maturities.

Such a revelatory headline??!!!


Stocks To Keep Heading Higher Until Inflation Starts Rising Again | Bloomberg's Simon White

https://www.youtube.com/watch?v=cc4aQhHc_iw

This one has a lot of discussion on gold.


https://www.youtube.com/watch?v=GVDD0OKuYh0

Fiscal Spending Is Having A FAR Bigger Impact Than Investors Realize | Kevin Muir, The Macro Tourist

yankees60 wrote: ↑Thu Dec 28, 2023 3:06 pm
Such a revelatory headline??!!!


Stocks To Keep Heading Higher Until Inflation Starts Rising Again | Bloomberg's Simon White

https://www.youtube.com/watch?v=cc4aQhHc_iw

I don't know if it was the guest's accent or the content he was discussing or a combination of both I did not actually hear much of it as my mind was constantly drifting to other thoughts. For me this was not close to being captivating.

yankees60 wrote: ↑Thu Dec 28, 2023 4:35 pm
This one has a lot of discussion on gold.


https://www.youtube.com/watch?v=GVDD0OKuYh0

Fiscal Spending Is Having A FAR Bigger Impact Than Investors Realize | Kevin Muir, The Macro Tourist

This one is captivating. Heard just about all that is said in it.