Clean Up Your Portfolio

Description

Get ready to roll up your sleeves and dive into the gritty side of personal finance. In this episode, we reveal how everyday household tasks can serve as reminders of the principles that lead to financial success. From taking out the trash in your investment portfolio to cleaning out the fridge of outdated financial strategies, we'll explore how to declutter your financial life.

Also, stay tuned as Matt and Sam answer some get-to-know-you questions and share a quote of the week by Joe Moore. We'll then look at a recent MarketWatch article that discusses a clause in the new debt ceiling deal that could mean bad news for Social Security. For this week's retirement ride-along segment, Matt and Sam will talk about the trip they took to Hermann, Missouri on Memorial Day weekend.

Here's what we'll discuss on today's show:

Sam and Matt answer some get-to-know-you questions. (2:56)
The MarketWatch article that talks about Americans cheating the tax system and how this is potentially impacting the Social Security system. (9:55)
Taking out the trash- getting rid of investment "duds." (18:34)
Cleaning out the fridge- getting rid of strategies that have overstayed their welcome. (20:51)
Periodic maintenance- updating your beneficiaries, assessing excess cash, and thinking about life insurance coverage. (24:35)
Retirement Ride-Along: Sam and Matt's trip to Hermann, Missouri. (34:57)