Shows
Our 2 CentsEpisode 100: 100th Episode Extravaganza!We've officially recorded 100 episodes of Our 2 Cents and we're so happy you're here to celebrate with us! Not only did we record the podcast for you to listen to this week, we also recorded a video of the episode so you can get a sneak peak at what happens behind the scenes! Watch the episode on our YouTube channel!On today's episode, we take a look back at the most popular episodes based on some listener data, we share Steve and Gabriel's favorite episodes, and the guys ask each other some blind questions. Tune in now to hear...2022-05-2737 min
Our 2 CentsEpisode 99: The Market is Doing What the Market DoesThe stock market has been very active and challenging lately so that is our sole focus of today's podcast episode.There are many questions that are top-of-mind for people right now mainly because we haven't seen a market quite like this in awhile. Gabriel and Steve are answering some of these questions for you, so listen in now!Answering Some of Your Questions:"What should I do with my portfolio right now?""I'm worried the market is going to go down further and a recession is coming. Should I sell to cash and ride this out?""...2022-05-1329 min
Our 2 CentsEpisode 98: We're Living in Turbulent TimesGabriel and Steve kick off today's episode by discussing some of the issues that are plaguing the markets right now. Then they cover some things you might be wasting money on, and wrap up by answering a couple "get to know you" questions!We're Living in Turbulent Times:Two things you need to do when investing in the stock marketHow to successfully navigate the persistent volatility we're experiencingIs this the same old story we've heard before?What is causing this market volatility?7 Things You're Wasting Money On:Recapping an article we found online, we're...2022-05-0630 min
Our 2 CentsEpisode 97: Fixing Unhealthy Financial HabitsWe've got another great episode of the Our 2 Cents podcast for you this week! Gabriel and Steve are sharing parallels between heathy eating and financial planning. Then they cover some financial terms and their meaning, before wrapping up with a listener question.Fixing Unhealthy Financial Habits:What are the empty calories that could be in your financial plan.How added sugar in your plan could be really bad.What should you have in your "pantry" and why it's important to know what you do and don't have.Why trans fats are so tempting, but might be unhealthy...2022-04-2229 min
Our 2 CentsEpisode 96: The Many Uses of Life InsuranceOn this week's new episode of the Our 2 Cents podcast, the guys are recapping Steve's recent appearance on WGN 9 news where he shared helpful tips for tax filing procrastinators. Then they outline 5 useful ways to include life insurance in your financial planning that isn't just about the death benefit. Listen in now!The Looming Tax Filing Deadline:Filing an extension - why it matters if you owe or if you are getting a refund.What you need to know now if you plan to use MyTax Illinois to file your state tax return.For those who took...2022-04-0732 min
Our 2 CentsEpisode 95: The Murkiest Issues in Retirement PlanningBreaking down a recent USA Today article, on today's episode Steve and Gabriel are discussing issues that are increasing the difficulty in retirement planning. They also talk about the current state of the bond market and share some great getaways across the U.S.!Murky Issues in Retirement Planning:How much income or asset growth is needed to offset inflation?How much income will Social Security provide in retirement?What is an ideal, or safe, withdrawal rate?Challenges Investors are Facing in the Sliding Bond Market:Quarter-end bond statements might be surprising to many...2022-03-3132 min
Our 2 CentsEpisode 94: Lessons to Score a Home Run RetirementSpring training is top-of-mind on today's episode of Our 2 Cents! Sit back and enjoy the baseball analogies for thinking about your investments. Next, the guys jump into some listener questions and then there's another question to get to know Steve and Gabe at the end of the show!How to Plan Your Retirement Like a Game of Baseball:Should your lineup consist of only home run hitters, or is playing "small ball" the real way to win?How can you pick hitters that can handle the curveballs and fastballs that may come your way?The "Moneyball" approach...2022-03-1734 min
Our 2 CentsEpisode 93: The "Money Voices" in Your HeadWelcome back for another episode of Our 2 Cents. Steve and Gabriel jump right in by talking about some hidden voices you may have in your head that influence your money decisions. Then they cover the world of designations and credentials and how to detect which are important. They wrap up with a fun question, too! Listen in now!The "Money Voices" in Your Head:How are we influenced by the "money voices" in our heads without realizing it?The two main voices: Greed and Fear, and how they drive our decisions.What can you do to silence...2022-03-1134 min
Our 2 CentsEpisode 92: The Market is Reacting, But No Need to PanicOn today's podcast episode, Steve and Gabriel begin by discussing the Russia-Ukraine conflict's impact on the stock market and economy. Then they share some hidden biases that cost investors money and how to spot them within yourself. Last, they wrap up with a thought-provoking question from one of Gabriel's clients.The Market Reacts to the Russia-Ukraine Crisis:Broadly speaking, what might the overall impact on the markets be in light of the current Russian invasion of Ukraine?Gas prices and inflation are already on the rise - what can we expect next?The S&P 500 has already...2022-02-2432 min
Our 2 CentsEpisode 91: Planning for Life's Unpredictable EventsSteve and Gabriel are covering a lot of great topics on this week's podcast episode. They're sharing ways to plan ahead for the unknown, and how doing so can bring you some peace-of-mind in retirement. Plus, steer clear of these expensive cities and financial scams in retirement!How Can You Plan for These Unpredictable Events?:When is the next market crash going to happen?What will healthcare costs look like in 20 years?What will taxes be in the future?Places You May Not Want to Live in Retirement:Top 10 most expensive cities in the...2022-02-1133 min
Our 2 CentsEpisode 90: Economic Predictions and Happiness IndicatorsWelcome back to a fresh new episode of Our 2 Cents!On the podcast this week we are discussing a few economic projections that we think might be possible this year. Next, we talk about the findings from a recent study on investors.Then we wrap things up by saving a great listener question for last.Economic Predictions for this Year:GDP Growth Forecast - do we see a recession on the horizon?Housing Market - will we see it cooling off this year, or even the "bubble" burst?Inflation...2022-02-0330 min
Our 2 CentsEpisode 89: Don't Fumble in the Retirement Red ZoneWe've been following playoff football (even without the Bears) and it got us thinking about the "Retirement Red Zone" and why it's critically important to not make a financial fumble when you're so close to the finish line.Next, we had Steve and Gabriel separately fill in the blanks on some financial potpourri, we'll compare their answers and see why they chose what they did. Join now to listen to these great topics and an excellent listener question!Don't Fumble in the Retirement Red Zone:What is the Retirement "Red Zone," and what makes it such...2022-01-2134 min
Our 2 CentsEpisode 88: "The Great Resignation" is Upon UsIt's a new year and we have fresh new show topics to look forward to on the Our 2 Cents podcast!First we're diving into "The Great Resignation" movement and what to keep in mind if you're planning on joining this phenomenon. Plus, we're starting a new monthly planning tip segment in 2022 and we share the very first planning tip today. Listen in now to join the fun!"The Great Resignation":4.2 Million people quit their jobs as of October 2021, many with no plans to return to workAre you considering leaving the workforce, perhaps retiring earlier than originally...2022-01-1333 min
Our 2 CentsEpisode 87: 2022 Money Resolutions List - Part 2Your Our 2 Cents podcast co-hosts Steve and Gabriel are back this week to round out their list of 22 money resolutions for 2022. Tune in to hear what's left on the list!Plus, the guys will share one of their non-financial resolutions they're setting for themselves in the new year.2022 Money Resolutions List - Part 2 of 2:There's no shortage of ways to consider making money improvements in the new year.We wrap up this two-part series with the second half of our 22 resolutions for 2022.Whether you resolve to make micro—or macro—improvements to your finances, taking the firs...2021-12-1628 min
Our 2 CentsEpisode 86: 2022 Money Resolutions List - Part 12022 Money Resolutions List - Part 1 of 2:With dozens of money goals to consider, we're sharing common improvements and changes we've seen clients want to make over the years.From behavioral changes to mindset shifts, we're covering it all when it comes to money goals for the new year.Do you have any specific financial goals heading into next year? Reply to this email and let us know, we'd love to hear them!We ran out of time to cover all our resolutions on today's show, so join us next week for the complete list!Listener Question:2021-12-1032 min
Our 2 CentsEpisode 85: Retirement Planning is Like Building a HouseBefore the holiday break, Steve and Gabriel recorded a great episode of the Our 2 Cents podcast. To kick off the show, Gabriel shares a great analogy about retirement planning and the ways in which the fundamentals of building a retirement plan resemble those of building a house.Next, the guys answer some thoughtful listener questions and wrap things up with some updates that will be coming to Medicare and Social Security in 2022.Retirement Planning is Like Building a House:When building a house, what is the very first step you should take before digging in?A...2021-11-2430 min
Our 2 CentsEpisode 84: Unreasonable Requests and Strange TaxesAdvisors everywhere have had some pretty unrealistic requests come up when meeting with clients. Steve and Gabriel will share some of the ones they've heard on this week's episode of Our 2 Cents, and the key takeaways you can learn from them. Then they look at some pretty quirky state taxes that will leave you shaking your head!Unreasonable Financial Requests:Huge market gains, with little to no risk. Is that achievable?Will investors seeking the highest quality financial planning and advice, at the lowest possible price just end up getting what they pay for?Does that sneaky...2021-11-1733 min
Our 2 CentsEpisode 83: The Infrastructure Bill & Year-End Tax PlanningAfter months of negotiation from both sides of the aisle, a new spending package has passed which leaves investors curious how it might impact the American people. Steve and Gabriel are taking a look at the new bill in this week's episode of Our 2 Cents, and sharing some important tax-saving strategies to consider before the end of the year.The 1.2 Trillion Dollar IIJA:The Bipartisan Infrastructure Investment and Jobs Act has passed in the Senate - we'll break down what that means.How will the $550 Billion in new spending be allocated?We'll discuss two key questions on...2021-11-1230 min
Our 2 CentsEpisode 82: The Planning Pyramids and Supply Chain ChaosThere's a lot more involved with comprehensive financial planning than simply focusing on the numbers, it actually starts with going back to our most basic needs as humans. That is our main discussion on this week's episode of Our 2 Cents!Plus, Steve and Gabriel are talking about the supply chain disruptions and how the major issues are now being felt by consumers.The Planning Pyramids:The symbol of a pyramid is widely used to illustrate many concepts in our daily lives.From the food pyramid to Maslow's Hierarchy of Needs, the notion that our most fundamental...2021-10-2131 min
Our 2 CentsEpisode 81: The Roman Empire of Financial PlanningWelcome back for another great episode of the Our 2 Cents podcast!We're covering a really interesting main topic this week that takes us into the psyche of investors. We also have a listener question that was sent in to us and we wrap up by learning a bit more about Steve and Gabriel!The Danger of Overconfidence:What does the Roman Empire have in common with your financial plan?Overconfidence is an interesting psychological phenomenon, which can be particularly dangerous when it comes to investing and personal finance.Find out how overconfidence in three key planning...2021-10-1434 min
Our 2 CentsEpisode 80: Are You Bridging the Gaps?Steve and Gabriel are "back in the saddle" with a new episode of Our 2 Cents!On the show today, the guys are discussing a variety of planning gaps investors might experience—sometimes without even knowing it. Then they wrap up with a surprise segment that will have you questioning things you hear everyday. Be sure to listen in to the end to join the fun!Does Your Plan Have Gaps?Many people are aware planning gaps exist, however they aren't able to identify them in their own plan. Are you guilty of having any of these Pl...2021-10-0832 min
Our 2 CentsEpisode 79: Want a Better Retirement? Spend More of Your Money!Two very interesting and important topics have us thinking deep on this week's episode of Our 2 Cents.We're discussing a mindset shift that occurs for retirees when the time comes to spend that nest egg, and whether many investors truly know what investments they own and why. Let's dive in!Article Analysis - "Want a Better Retirement? Spend More of Your Money":Switching from a saving mindset to a spending one has proven difficult for many retirees.Find out what makes some retirees spend double the amount annually in retirement than their...2021-09-1635 min
Our 2 CentsEpisode 78: Is Your Income Plan Old & Outdated?Modern day income planning is the star of the show on this week's episode of Our 2 Cents!Income planning is such an important topic as it relates to your overall retirement plan. So much so that we've decided to give it our full attention this episode. Below is a glimpse at what's covered on the show, you won't want to miss this one!Older, Traditional Income Planning:What exactly is the income planning approach of the past?How and where does this approach fail in retirement?Is the safe withdrawal rate still relevant in today's environment?2021-09-1034 min
Our 2 CentsEpisode 77: Life Lessons from the YachtA pilot, a captain, and a school bus driver? Listen in to this week's episode of Our 2 Cents to find out what Steve's retirement might look like one day. Also in this episode are key retirement timing and career considerations, important components of a custom-tailored retirement plan, and more!Retire or Work Longer - Which is the Right Choice?:Have you considered being a "retired worker"? We explore why down-shifting, yet still working in retirement is a popular option.What are the financial and social impacts of semi-retirement and full retirement?This one thing should be the...2021-08-2632 min
Our 2 CentsEpisode 76: 5 Words for "Life After Career"Retirement planning means different things to different people. Have you given thought to what it means for you personally? That's the focus of this week's episode of Our 2 Cents. Plus, more in-depth questions for getting to know Steve and Gabriel!1,000 People, 5 Words: How Do You Imagine "Life After Career?:With 900+ different words provided, only 28 counted for 1/2 of the responses. Can you guess what the most popular ones are?How did the responses differ from male and female respondents?What words would you use when thinking about your life after your career? Hit reply and let us know!...2021-08-1936 min
Our 2 CentsEpisode 75: Is Age the Price of Wisdom?Welcome back to another new episode of the Our 2 Cents podcast. We're leaving the financial numbers and statistics out of the conversation today, and focusing on the ways people truly think about money and how that may shift with age. Let's dive right in!Age and Wisdom: How Do They Play into Financial Planning?:With age comes more experience, observation, and understanding. How can this shape the way you look at money?We've gathered lots of experience over the years, what can our experience help teach you?Could your goals for your money change as you...2021-08-0634 min
Our 2 CentsEpisode 74: Do You Have a License to Spend?After a few weeks off, Steve and Gabriel are back with a brand new episode of the Our 2 Cents podcast. They are talking about retirement spending habits, cracking a few jokes and answering listener questions on the show today. Tune in now to hear it all!The Art and Science of Decumulation:What do you need to know about spending down your money successfully in retirement?What are the problems with spending down your life savings? And what makes people afraid to spend?We'll discuss ways to determine where to take money from to spend in retirement...2021-07-3033 min
Our 2 CentsEpisode 73: Heads Up! This is Not Your Father's RetirementSteve and Gabriel discuss how retirement has changed over the years on this week's episode of Our 2 Cents. They also dive into the inflation fears percolating lately and what the media's role has been in creating those fears. Listen now on Spotify or Apple Podcasts!Not Your Father's Retirement:Retirement today looks much different than it once did, but what all has really changed?We're seeing a new movement among working adults these days. What is the FIRE movement all about?Costlier, longer and, self-directed retirements create big challenges. We'll share how can you plan to manage...2021-06-2534 min
Our 2 CentsEpisode 72: "Market Jitters" & Getting More for LessThe Our 2 Cents podcast is back with a brand new episode this week. Steve and Gabriel have a lot to cover regarding stock market headlines and creating the most efficient investment portfolios. Listen in now!What to Do if You Have Any "Market Jitters":Are doom and gloom headlines & predictions making you worried about a stock market drop?What is the media trying to do by using click-bait headlines and creating fear & concern?Cash Drag: what is it, and how does it impact your portfolio?The Efficient Frontier: What is the Efficient Frontier, and...2021-06-1132 min
Our 2 CentsEpisode 71: Is Your Advisor Speaking in Code?There's a lot to be excited about today! It is Gabriel's birthday 🎉 and there's a brand new episode of the Our 2 Cents podcast! Check below for a peek at what Steve and Gabriel are discussing on the show.Financial Advisor "Code Speak":When an advisor tells you something, are you ever left wondering what they really mean?Hearing phrases like "It's just a minor correction," "It's just a paper loss," or all kinds of technical and complicated jargon can quickly become extremely confusing.And what about all that "Alphabet Soup" we see... what does it all mean?2021-05-2833 min
Our 2 CentsEpisode 70: Listener Questions Extravaganza!This week's episode is all about answering questions! First, Gabriel and Steve begin by discussing some great questions submitted by our listeners. Then they switch gears to answer a couple of fun questions about themselves.Listener Questions:"Is it a bad idea to go after my dream home before I retire, if it then means I will have a mortgage?" - Marie"My divorce will be final in about a month. I always paid the bills but was never really involved in the retirement planning. Where should I start?" - Lisa"My mother passed away and I...2021-05-2034 min
Our 2 CentsEpisode 69: The "Crypto-Influencer" & More Money, More Problems?Steve and Gabriel are thrilled to be back in the saddle this week recording an all-new episode of the Our 2 Cents podcast. Here's what they're talking about today:Is Elon Musk Breaking Up with Bitcoin?:Elon recently announced Tesla will no longer accept Bitcoin as payment, what could this mean for the future of cryptocurrency?With more than 4,000 different coins on the market, some with wild and funny names and others based internet memes, are any cryptocurrencies legitimately worth investing in?Annual "Money Doctor" Checkups:You go to the doctor for your annual health...2021-05-1333 min
Our 2 CentsEpisode 68: Is $1 Million Enough Where You Live?This week's podcast episode is a fun one! First we look at how the cost of living in different cities around the U.S. can vary quite drastically, then we jump into some fun quotes, and end the show by putting Steve and Gabriel on the spot.How Far Does $1 Million Go in Different Places of the Country?:If you retire in this city, your $1 million might only last you 8-9 years. Can you guess the city?Have you ran your numbers to see if you can retire in your dream city?How much will you need...2021-04-2235 min
Our 2 CentsEpisode 67: $28 Trillion and Counting...We're covering a variety of interesting and important topics on this week's episode of Our 2 Cents. Click to listen as we look at energy efficient home ideas, the National Debt and more!Ideas to Keep Your Home More Energy Efficient:Is the shot clock to your retirement ticking down? Don't let the pressure lead to poor shotsWhat do wind turbines and light bulbs have in common?Which energy efficient home improvements are worth the up-front cost?Listener Questions:"Do you believe the National Debt is a major concern for American citizens?" - Jeff"Can...2021-04-1531 min
Our 2 CentsEpisode 66: The Retirement "Shot Clock" & Fact or Fiction?This week’s episode of the Our 2 Cents podcast is live! We kick things off by looking at what basketball and your retirement could possibly have in common. Then we shed some light on financial myths and truths.What Basketball Teaches Us About Retirement:Is the shot clock to your retirement ticking down? Don’t let the pressure lead to poor shotsDouble dribble decisions—can they ever be undone?Don’t get fouled out of retirement, here’s tips and tricks to avoid the fouls, but still play aggressiveFinancial Fact or Fiction:Term Life Insur...2021-04-0231 min
Our 2 CentsEpisode 65: Financial Decisions and the "Quarantine 15"Financial Decisions and the “Quarantine 15”We’re back again for another installment of Our 2 Cents! From financial decision making tips to how not to be tempted by that nearby fridge, we’re covering it all and having fun on this episode!Top 5 Tips for Making Sound Financial DecisionsDon’t be in the dark about your finances, stay informed and involvedAre you procrastinating instead of planning ahead? We’ll share why that can hurt youWorking with a financial advisor could mean greater returns, but how?Plus more!Keep Away from That Fridge!:How your feeling...2021-03-2632 min
Our 2 CentsEpisode 64: Your Stimulus Check and Tax Time Quick HitsThe Our 2 Cents podcast is back again this week with some great topics. We're focusing on this latest stimulus package entering the economy, tax season and doing one of our very favorite things - answering some listener questions. Don't miss this one!Another Round of Stimulus:Warren Buffett has some advice on how you should spend your stimulus money - is he right?What was the ultimate goal of the stimulus package?Looking back 1 year ago and how the markets have reacted to COVID and the stimulus packagesTax Time Quick Hits:The tax...2021-03-1931 min
Our 2 CentsEpisode 63: Revealing the Dirty Secrets of FinanceIt's time for the next episode of the Our 2 Cents podcast! We have a great conversation this week talking about fun "secrets" and chatting about recent news headlines. Click play to listen in!Dirty Little Secrets of the Financial and Investing WorldDo the pundits and "gurus" on TV really know as much as they lead you to believe they do?What are some things that financial experts argue about which aren't actually important?When it comes to investing, can you differentiate between what is skill and what is just luck?Are advisors just money managers? Or...2021-03-0431 min
Our 2 CentsEpisode 62: Money & Marriage: Keeping Your Spouse Financially InvolvedHow Women Can Make Sure They're Involved in Financial Decisions:What are the risks to not being involved in the financial decision-making?How having a financial advisor could be a great back-up plan to stay "in the know"What are some ways to start getting involved?Tax Filing Tips with Steve:Did you see Steve on WGN? He had a great interview covering a range of tax-related topicsWhat advice didn't he get a chance share in his interview?Missed the interview? You can watch it hereListener Questions:Should I purchase an...2021-02-1935 min
Our 2 CentsEpisode 61: The Secret Life of AlternativesPress play to listen to the great discussions we had on this week's episode of the Our 2 Cents podcast. We're not all business all the time, so we had a bit of fun too! Some of the show highlights are below.Alternative Financial Investments (Alts):What are they?Which alts are good and which alts are bad?Should alternatives have a place in your portfolio?5 Most Common Uses for Life Insurance:Is there more to life insurance than just the death benefit?Ways to use modern-day life insurance in your financial planningEfficient tax-saving benefits...2021-02-1136 min
Our 2 CentsEpisode 60: Roth IRA's are Like a Fine Bottle of WineGameStop Stock Price Surges: There’s been a lot of buzz around the GameStop stock sensation this week, and we’re keeping a close eye on the action. We’ll give a brief synopsis of the events unfolding in the markets, what it means for individual investors and the hedge funds being impacted and how it could change the future of investing.How Your Roth IRA is Like a Fine Bottle of Wine: Just like the finest wine you keep in your cellar and never want to open, are you hesitant to spend the money invested in you...2021-01-2733 min
Our 2 CentsEpisode 59: Don't Be Another Financial Statistic!This week has flown by and we’re back with another great installment of Our 2 Cents. Here’s what to look forward to on this episode:President Biden’s Big Plans: We start with a quick rundown of what you can expect to see in the months and years ahead now that we have a new administration. From taxes to healthcare to a stimulus package and more–there’s a lot to keep on your radar.5 Important Retirement Statistics: Next we break down 5 important statistics that are worth taking a moment to understand. They’ll underscore s...2021-01-2231 min
Our 2 CentsEpisode 58: New Year - New Plan - New Resolutions!Our 2 Cents is back after a brief holiday hiatus! Here’s a look at what we’re discussing on our first podcast episode of 2021.Our 2021 New Year’s Resolutions: Gabriel and Steve kick things off by revealing a New Year’s Resolutions they’ve set for themselves and how they plan to make 2021 a great year ahead.New Year, New (or Updated) Plan: Have you procrastinated reviewing your financial plan, or even putting one in place to begin with? Let 2021 be the year that you resolve to check-in on your current plan or create one if you hav...2021-01-1434 min
Our 2 CentsEpisode 57: The Stock Market's Hall of Fame Crashes & What Drives Advisors Bonkers!We’re back with another podcast episode of Our 2 Cents! Here’s what we we’re discussing this week.Lessons from the Stock Market Crash “Hall of Fame”:We don’t know when the next market crash will be, and we don’t know the severity of it, but we do know that it will happen so you need to be prepared for it. We’re covering common themes we’ve seen in past crashes, the lessons we’ve learned personally from navigating people through market crashes and also some key takeaways that can be learned from crashes of the past...2020-12-1634 min
Our 2 CentsEpisode 56: "Things You Never Hear People Say" & Choosing Your Ideal Retirement LifestyleJoin us for our 56th episode of Our 2 Cents podcast! Here’s what we’ve got in store for you when you tune in. “Things You Never Hear People Say:”When it comes to money and retirement, there are some tried and true strategies that simply make too much sense. In this episode, we discuss five “Things You Never Hear People Say,” or in other words, 5 things you can do with your money and finances that are a no-brainer! Your Ideal Retirement Lifestyle:Our second topic focuses on assessing and choosing your dream retirement lifestyle. What different wa...2020-12-1032 min
Our 2 CentsEpisode 55: Retiring Solo & Long-Term Care Coverage OptionsDo you need Long-Term Care Insurance? Does your spouse? And is it worth the costs? There are new long-term care coverage options out there that can be quite advantageous, and they are a major upgrade to the old LTC policy that Mom and Dad might have had. Next, we discuss the idea of ‘Retiring Solo,’ or in other words, when a couple's retirement dates don’t align. What is one spouse supposed to do and how do you stay happy as a couple while one continues to work and the other starts enjoying their retirement years? >>> Plus, Join Us for a...2020-12-0332 min
Our 2 CentsEpisode 54: Variable Annuities-Are They Worth it? Plus Estate Planning EssentialsToday we put variable annuities under a microscope. When someone wants to gain the advantages of the stock market yet still have some guarantees, is a variable annuity the route to go? Next we cover some estate planning essentials. Can you keep your assets out of the courts and away from probate? Estate planning is one of the items that should be definitely be on your list of planning areas to review! Plus, Join Us for a Listener Question: "My long term care policy says it will pay out a maximum of $250,000 during my lifetime. Is that enough...2020-11-1933 min
Our 2 CentsEpisode 53: Post-Election Commentary and 15 Top Places to RetireIt’s been quite the rollercoaster this last week and a half! With apparent President-elect Joe Biden winning both the electoral and popular votes, we talk about what that can mean, as well as discuss what lawmakers are proposing in their emergency bill to raise 2021’s Social Security COLA adjustment. After that discussion, we move to our next topic and have a little fun. What are the top 15 destinations for retirees to move to? This list of best locations to move to considers happiness, tax rates, affordability, and access to healthcare. Finally, we wrap-up with some more fun-filled facts about Stev...2020-11-1232 min
Our 2 CentsEpisode 52: Five Questions - Self-Health Financial AssessmentThere’s a lot of uncertainty in today’s world with COVID, high unemployment numbers, the Presidential election, and the constant turmoil 2020 has brought us thus far. So how can you really know if you’re ready to retire? Take our self-health financial assessment and see if you are ready today!1. How much money do you have in assets?2. Do you know how much you spend?3. What’s in your investment portfolio and how much risk are you taking?4. Do you know what you pay in taxes? Where will you get your income today, the next 5 years and so on?...2020-11-0533 min
Our 2 CentsEpisode 51: COVID-19 Resurgence & The Upcoming ElectionThe uncertainty of both Coronavirus and the 2020 presidential election are casting an uneasy shroud across the nation. On today’s show, we discuss the state of the economy and the stock market—and what impact the COVID-19 resurgence and the upcoming presidential election may have on both. For many, questions are lingering… Who will win the election? Will more jobs be lost due to COVID-19? What tax impositions will be enforced if either President Trump or former Vice President Joe Biden are elected?Tune in now to join us for this discussion!2020-10-2835 min
Our 2 CentsEpisode 50: 50th Episode Special & 5 Financial No-No'sOn our special 50th episode-anniversary, we want to send a big THANK YOU to all our loyal listeners for staying by our side. We truly enjoy your questions, comments, and continuous feedback of our show, and we look forward to the next 50 episodes together!ON THIS EXTRA-AWESOME 50th EPISODE:Today we start off with some FUN retirement quotes and some clarifications of our last show based on comments from you, our listeners! For our ‘main course’ of the show, we then cover five financial and retirement no-no’s.Should you compare your investments to the stock...2020-10-0735 min
Our 2 CentsEpisode 49: October "Deep Dive"- 401(k) FAQ's and Your RetirementThere are many questions surrounding the inner workings of a 401(k) and the best approach to the ‘do’s and don’ts during your working and retirement years. On this month’s ‘Deep Dive’ we answer questions such as;1. What is dollar cost averaging?2. How much can one contribute on an annual basis?3. What is a target date fund and how can it benefit your retirement?4. Should one rebalance their 401(k), and if so, when?5. What should you invest in, within your 401(k)?After our deep-dive, we come up for a bit of fun! Steve and Gabriel answer more persona...2020-10-0234 min
Our 2 CentsEpisode 48: Illinois Fair Tax Act & The Markets Reaction to the ElectionOn today’s show, we kick it off with the new tax act you’ve been hearing all about. The new Illinois Gov. J.B. Pritzker (D) has proposed sweeping changes to Illinois’ tax code, advocating a constitutional amendment to permit a graduated-rate income tax and proposing a new rate and bracket structure.After we discuss the details and inner workings of these proposed changes, we dive into the upcoming election and how we think the markets will react after the new President is elected. Listener Questions· How do you feel about the proposed Illinois Fair Income Tax Act...2020-09-1833 min
Our 2 CentsEpisode 47: Love It or List it - Fitting Your Home into Your Retirement PlanWe get a lot of questions about how the house (or houses) fit into retirement plans. From downsizing to rental properties to interest rates, today we explore some of the top retirement questions as it relates to all things housing.Should I pay off the house as soon as possible or pay it off slowly?Is it wise to downsize to a smaller home when I retire?Is rental property a good idea to create income in retirement?What are some of the major complications when it comes to handling real estate when it comes to estate and legacy...2020-09-1034 min
Our 2 CentsEpisode 46: 5 Financial Rules of Thumb Debunked!Just like your iPhone or computer can become obsolete and need to be replaced, sometimes the way people think about retirement planning and investing is obsolete and needs to be replaced. On today’s show we talk about some outdated financial rules of thumb that people still cling to, and more current, modern alternatives to use instead. The 4% RuleThe 10-5-3 RuleMoving stocks to bonds when you get olderAll you need is $1 million and you're set for retirementThe 80% Retirement Income Rule Tune in now to join us for this discussion!2020-09-0231 min
Our 2 CentsEpisode 45: 7 Steps to a Secure RetirementOn Today’s episode we feature another one of our popular ‘Deep-Dives,’ where we spend more time digging through a singular topic on the show! Today, that topic is 7 Steps to a Secure Retirement.What’s the real power of having a plan? Peace of mind, financial security and creating a future for you and your family that you can count on. But to accomplish that, you don’t want to just wing it, you’ve got to take a systematic step-by-step approach. Tune in to discover:What are the 7 Steps to a Secure Retirement?What steps have y...2020-08-1434 min
Our 2 CentsEpisode 44: What's in a Mid-Year Plan Review? And What's the Big Deal With Longevity Risk?Life happens, things change, goals shift, and as a result, so should your financial plan. On today’s episode we expand on our topic from last week about why it’s so important to have your Mid-Year Plan Review and precisely what you should be including in that review. After that we dive into a detailed discussion of Longevity Risk, or what’s also known as the “Multiplier of Other Financial Risks.” While living a long time is generally never a bad thing, it’s certainly something that you must be financially ready for! Oh, and psst!…make sure you stay until the...2020-08-0532 min
Our 2 CentsEpisode 43: Better Cash Alternatives & Protecting Yourself from Financial ScamsShould you be stuffing the ole’ mattress with cash? Whether in the mattress or in your checking account, today we give some insight on alternatives to keeping your money in cash—where it earns 0%... zip, zero, nada. Additionally, we dive into some headlines and Gabriel & Steve give advice on how to avoid being a victim to scams such as “Hackers seize popular Celebrity Twitter accounts for giant bitcoin scam,” and other common schemes. We conclude with a light discussion on why Mid-Year Reviews are so important and how they can benefit your overall plan performance.Tune in now to join us...2020-07-3131 min
Our 2 CentsEpisode 42: Overcoming Sticker Shock - Paying for Financial Advice & Capital GainsOn today’s episode we discuss the value and benefits of having a financial advisor and, if you’re unused to paying a fee for advice, overcoming what may feel like fee ‘sticker shock’ when hiring a financial advisor (and why it’s still very much worth it!). We’ll also discuss whether to pay those pesky capital gains in your portfolio and diversify, or just keep the holdings and avoid paying the tax.After that we answer a couple of great questions from our listeners!“I recently had a REIT proposed to me as an investment I should consider. What...2020-07-2334 min
Our 2 CentsEpisode 41: Two Classic Planning Blunders to AvoidThere are two classic planning blunders to avoid at all costs. The first blunder is confusing tax preparation with tax planning. You may think that your CPA is providing "tax planning" for you, but the reality is he/she is probably not! The second blunder is taking on too much risk to make up for lost time. Have you ever wanted to "double-down" to make up for lost time? Doing so can be quite risky… and what happens if this strategy backfires on you? Let’s find out!2020-07-1732 min
Our 2 CentsEpisode 40: Election-Year Investing Ideas, 'Corona Purchases' & Getting to Know Steve & GabrielWe’ve got a really fun show lined up for you this week!With the upcoming November election just four months away, what "money-moves" should you be making today to best be prepared? Also, what in the world is a ‘Corona Purchase?’ On today’s show we discuss a range of great topics, and even more importantly, we give you, our listeners, an opportunity to hear some fun and quirky facts about your hosts, Steve & Gabriel Lewit. Listen now! SHOW HIGHLIGHTS & TOPICS:Financial Planning After the Pandemic?According to a recent poll, 72% of Americans say that...2020-07-0233 min
Our 2 CentsEpisode 039: If you Meet these 5 Milestones - You Might Be Ready to RetireThere’s a formula for everything, even knowing when you’re ready to retire. Here’s five question to ask yourself: Do you have confidence in your budget? Can you control your spending? Do you have a solid emergency fund? Have you paid your debts? Do you have ‘enough’ to retire?Setting your retirement date can be exciting but being prepared for retirement is even MORE exciting so you can have peace of mind. Having the roadmap is the key to the worry-free retirement you’ve worked your whole life for.Tune in now to join us for this discuss...2020-06-1930 min
Our 2 CentsEpisode 038: Tax Free Income & Curious Investor BehaviorEveryone loves the idea of tax-free income… what could be better? However, it seems that most people still don’t have a clear picture of whether they should contribute to a traditional IRA or a Roth.More importantly, why do people who say they want tax-free income, avoid taking action to achieve it? We look to investigate these curiosities and discuss the best strategies to get your money out of the tax system.Today’s TopicsWhy is tax-free income so powerful?How high will the tax-rates potentially be in the future?Discussing the difference between a Trad...2020-06-0530 min
Our 2 CentsEpisode 037: Are You Up to Speed on All the Financial Lingo?The Coronavirus pandemic has likely led you to hearing a lot more financial buzzwords and it’s possible you aren’t familiar with some of the terms getting thrown around. Let’s take a look at some of the most popular ones and see what we can learn from them.Tune in now to join us for this discussion!Today’s Topics· What to Call What Happened: Bear Market, Downturn, Bubble, meltdown?· Recession vs. Depression: What’s the difference and why?· Types of Recoveries: U-Shaped, V-Shaped, W, Shaped, L Shaped – what...2020-05-1428 min
Our 2 CentsEpisode 036: Coronavirus Market Crash - What Should You Do Now?It’s been quite the ride in the stock market. Gabriel and Steve are back to discuss the market during the COVID-19 pandemic and what you should be doing today with your investments.Tune in now to join us for this discussion!Today’s Topics·What’s happened in the stock market recently?Will volatility continue?Have we reached the bottom of the bear-market?What is SGL recommending to clients?Should you make any changes or reduce your risk?2020-04-2329 min
Our 2 CentsEpisode 035: The Coronavirus, The Market, & Tips for Finding the Right AdvisorThere is no doubt that we live in a world economy that needs supplies chains, people working, airports open and tourism to continue. But when the Stock Market follows suit, it leaves investors with a sense and feeling of uncertainty. After we discuss the fears and woes of the coronavirus, we answer Max and Scott’s questions on finding the right advisor and preparing for retirement.Tune in now to join us for this discussion!U.S Stocks Set for Further Selling After Quickest Retreat Into Correction in 70 Years (Barron’s)Wall Street is telling clie...2020-03-0631 min
Our 2 CentsEpisode 034: Affordability Crisis in America and the National DebtWages are no longer keeping up with the high cost of living. With the costs of home, healthcare and childcare expenses, how can you stay ahead of the curve while maintaining your standard of living? The national debt certainly plays a large part in your cost of living so we can’t underestimate how interest on debt, is a silent killer. Tune in now to join us for this discussion!The Great Affordability Crisis Breaking America (The Atlantic) Alcohol-Free beer helps Heineken to best year in a decade (Yahoo Finance UK)U.S...2020-02-1332 min
Our 2 CentsEpisode 33: "The Deep- Dive" - Your Budget is the Key to Your Financial SuccessDo you like to make money? Because if you do, it all starts with a budget. On today’s episode we’re back with another ‘Deep Dive’ into the world of budgeting and how it can protect you from losing more than you think. Don’t worry, you’ll enjoy this one, even if you don’t enjoy budgeting!Here’s what was covered in this episode:1) Budgeting basics2) Budget Types / Funding Goals3) Biggest budget miscues4) Advanced Budgeting Tune in now to join us for this discussion!Kobe Bryant Shock Death: $500M Estate Plan Gets Complicated...2020-02-0731 min
Our 2 CentsEpisode 032: Market Forecasting Myths & Mysteries and Revisiting with Tax DeductionsEveryone is curious or concerned about how well the stock market will perform this year. But can you really believe everything you hear? After we discuss the market forecasting myths and mysteries, we revisit the list of tax deductions that have disappeared in preparation for the upcoming tax season! Tune in now!Forget Stock Market Forecasts. They’re Less Than Worthless (The New York Times)12 Tax Deductions That Have Disappeared (Yahoo Finance)How to make self care a priority in 2020 (Chicago Tribune)Renting is more affordable than buying in al...2020-01-1632 min
Our 2 CentsEpisode 031: The SECURE Act Updates and what it means for your 401ks, IRAs and RMDsThe New Year and new updates to your retirement plan! Today we discuss how the SECURE Act is changing the way you can contribute to your retirement accounts and the new start date to take your RMDs. After that, we converse about all the tax dollars that state of Illinois received after the first day of Marijuana being legalized! Tune in now!2019 Stock Market Review: Quick Hits – SGL Financial How Changes in Retirement and Tax Law Will Help Save You Cash in 2020 (Yahoo Finance)Why The SECURE Act makes 2020 The Year of Missed RMDs Fr...2020-01-0331 min
Our 2 CentsEpisode 030: Reviewing Your Retirement Income PlanIn honor of our 30th episode today, we take a ‘deep dive’ into reviewing what a retirement income plan really is and how to build one. After our ‘deep dive’, we come up to the surface to see what new technology Elon Musk and Ford have in store for us.Tune in now!Special Podcast Deep-DiveReviewing Your Retirement Income PlanWhat is a retirement income plan?Do you have a plan?What should you be reviewing?What could go wrong?Ford is turning McDonald’s coffee waste into headlights (CNN)Tesla reveals Cybertruck, but breaks its ‘unbre...2019-12-0631 min
Our 2 CentsEpisode 029: Effects of the Impeachment Trial on the Markets and Budgeting for this Holiday SeasonTrump’s impeachment trial is leaving everyone with one big question; how is this effecting the markets? Then we jump into spending and saving this holiday and why you need to stay disciplined with your budget. Concluding with a ‘course correction’, we review today’s top ten most expensive cars in the world! Tune in now!The stock market heads to record heights even as the Trump impeachment hearings enter a new phase – here’s why (MarketWatch)How to Choose the Right Budget System (NerdWallet)Hotel Zachary opens ‘glamp’ site on its terrace, with ho...2019-11-2531 min
Our 2 CentsEpisode 028: Overcharged for Investment Fees and NCAA Athletes Cashing InIt’s a cold brisk morning so the heat is on! Callers questions are discussed and answered on investment fees and Medicare options. Then as Gabriel steals the ball back, we get right down to the paint on the court; should students get paid to play.Tune in now!Daylight savings time: These states want to make DST permanent (Yahoo)Caller Question"It’s open enrollment time, should I explore other options for Medicare Part D?" (Rick)Caller Question"Am I being overcharged for investment fees?" (Debbie)The NCAA...2019-11-0729 min
Our 2 CentsEpisode 027: Chances of a recession hit 27% and how Behavioral Finance plays a roleToday Steve takes the wheel and steals the show! We discuss the big economic, “What-If?” and how the herding mentality of investors can really pull the markets in one direction. After the heat is over, it’s all about Food! Tune in now!US. Recession Chances Hit 27% Within Next 12 Months: Tracker (Bloomberg)Behavioral Finance: Concepts, Examples and Why It’s Important (The Street)The Best Dog Foods, According to Veterinarians (The Strategist)How Do the New Plant-Based Burgers Stack Up? We Taste-Tested Them (The New York Times)FedE...2019-10-2530 min
Our 2 CentsEpisode 026: Pensions are Freezing, October's Market Hits & Funding Retirement vs. College TuitionOn today’s “shoe”, GE’s pensions follow United Airlines suit into a deep freeze. Next up is our Monthly Stock Market Review and finally, we talk about the elephant in the room: Saving for your retirement or college tuition. Tune in now!GE freezes worker pensions – what to do if your employer changes the terms of your retirement plan (MarketWatch)The No. 1 highest paid, most in-demand job in every U.S. state (MarketWatch)Monthly Market Review (SGL Financial) Do You Save for College or for Retirement? What Parents Need to Kn...2019-10-0929 min
Our 2 CentsEpisode 025: FSAs vs. HSAs, Economic Effects of the Rate Cuts and The Showdown between Men vs. Women's Retirement SavingsThis week’s episode we discuss what FSAs and HSAs are; (Flexible Spending Accounts and Health Savings Accounts) and which one could be a better option for you. Then we dive into another one of our Listener’s Questions on after tax contributions and converting to a Roth. Is it quite that simple?Tune in now!· FSAs Vs. HSAs: Which is the Best Fit for You? (U.S. News)· Federal Reserve’s interest-rate cuts hurt the economy by tamping down lending (MarketWatch)· Listener Question – Erico After tax contributions inside of a...2019-10-0231 min
Our 2 CentsEpisode 024: SGL's Monthly Market Updates, Twitter to the Mystery Index and Saving Your BrainOn today’s show we introduce our new Monthly Market Update section to keep you ahead of the curve. Our runner up article showcases just how influential one small tweet can be and then we round our show up on how to keep your brain active in retirement years.Tune in now!How to keep your 401(k) running smoothly – no matter what (MarketWatch)JPMorgan has created a ‘Volfefe Index’ to track how Trump’s tweets move markets (CNN)Client Question – Amy -At our last economic event, Amy asked “Is it better to rent or to buy?”Monthly Mark...2019-09-1331 min
Our 2 CentsEpisode 023: SGL Labor Day Surprises, 38 Ideas to your New Side Hustle and the Best Fall GetawaysToday we look at some interesting, but obvious ways to destroy your retirement. Then, just in case you’re already doing a great job of ruining your retirement, we talk about 38 side hustles to earn extra cash. Finally, we'll tell you how to spend it on a weekend getaway in Grand Rapids, MI!Tune in now!10 money pits that can ruin your retirement (MarketWatch)38 Ways to Earn Extra Cash in 2019 (Kiplinger)2Q Annuity Sales Bust More Records (The Wealth Advisor)Fall Weekend Getaway to Grand Rapids (Midwest Living)2019-09-0533 min
Our 2 CentsEpisode 022: Economy Edging Closer to a Recession, Days of Haggling Cable are Over and a Muddy Mess from Google MapsOn today’s show we see how the economy is edging closer to a recession and what that means for investors. Then we cover the idea of “cutting the cord” and finally we see how much of a mess Google Maps made.Tune in now!Here’s what was covered in this episode: World Economy Edges Closer to a Recession as Trade Dread Deepens (Bloomberg)Sentiment Investor Sentiment Survey (AAII)The days of trying to haggle over your cable TV fee are gone (Yahoo Finance) 2020 M...2019-08-0828 min
Our 2 CentsEpisode 021: The Federal Budget, Equifax Breach Settlement, Caller Question & Lightfoot's New CasinoOn today’s show we review the Federal Budget and what more spending means for the economy. Then we switch over to answer one of our listener’s question if she should lend money to a family member and finally, we question Chicago Mayor, Lori Lightfoots’ plan for a new casino.Tune in now!Here’s what was covered in this episode: Federal budget would raise spending by $320 billion (The New York Times)Listener Question – should I loan money to a family member? “Anna from Oak Brook”Proving you...2019-07-2430 min
Our 2 CentsEpisode 020: Are Your Kids Wrecking Your Retirement, Amazon Prime Day and How to Read a TrustThis week’s episode we talk discuss how your kids can potentially destroy your retirement, gearing up for the big two-day sale on Amazon next week and then learning the basics of how to read trust and what all the legal jargon really means.Tune in now!Here’s what was covered in this episode: Don't Let the Kids Wreck Retirement (Kiplinger)Amazon Prime Day 2019: Everything we know so far (Yahoo Finance)A Beginner's Guide To Reading A Trust (Forbes)16 Great Small Towns for Early Retirement (Kipl...2019-07-1034 min
Our 2 CentsEpisode 019: 4th of July Facts and Sales, Financial Therapy & Avocado PricesOur 2 Cents – Episode #019On today’s show this week, we keep things fun and joyous for our nations upcoming holiday, discuss how Financial Therapy really impacts your overall well-being and ponder on what happens if there’s a shortage of avocados!Tune in now!Here’s what was covered in this episode: Fun 4th of July facts (Acei Global)Using Financial Therapy to Deal With Money Issues (Forbes)We get more joyful as we age (Forbes)Sales to Watch for on 4th of July (Yahoo...2019-06-2729 min
Our 2 CentsEpisode 018: Iran's Torpedo Headed for the Stock Market, Investing in Cannabis and What the National Debt Means for YouOur 2 Cents – Episode #018One third of the worlds oil flows through the checkpoint at The Strait of Hormuz in Iran; imagine what could happen to the economy if this “black swan” event continues.On today’s episode, we look at what’s happening in Iran and how it can affect the stock market. Then we dive right into the worries and woes of a potential bear market on the horizon.After that we discuss one of our listener’s question; Rick from Mount Prospect, IL want’s to know if now is the time to invest in the...2019-06-2133 min
Our 2 CentsEpisode 017: Last Minute Gifts for Father's Day, How to pay for Long Term Care and The Robots are Back!Our 2 Cents – Episode #017Last Minute Gifts for Father’s Day, How to pay for Long Term Care and The Robots are Back! On today’s show with Gabriel, Steve and Trent, they talk about who some last-minute gifts for the Dad’s out there. Letting your Dad win in the 18 rounds of golf just might be worth the drive… All pun intended! We then shift gears and discuss the elephant in the room that no one wants to talk about… long term care. Did you know that 52% of people over the age of 65 will need long term care? That’ someth...2019-06-1427 min
Our 2 CentsEpisode 16: A Retirement Reform Bill, #CancelMyDebt and a New Change for the Chicago CubsJoin Gabriel, Steve and Trent on this week’s podcast where they discuss an important retirement reform bill called the SECURE Act and the ways in which the new bill could affect your retirement savings and contributions.We then take some time to talk about debt, and the types of debt that truly impact many of our everyday lives. From student loan and credit card debt and Elizabeth Warren’s plan to #CancelMyDebt, to ways to get credit card perks and reward without applying for a new card, we’ll cover it all.We shift focus to Social Securi...2019-06-0631 min
Our 2 CentsEpisode 015: Debating Suze Orman, Reverse Mortgage Highlights and Side Hustles for Extra CashOur 2 Cents – Episode #015Debating Suze Orman, Reverse Mortgage Highlights and Side Hustles for Extra CashWhen listening to the big celebrity money experts, do they really have your personal goals and interest in mind? On Suze Orman’s own money “no-no list”, Number 6 is: Don’t put blind faith in a financial adviser. If you listen to everything she says, then you’re not listening to her advice. After agreeing to disagree with celebrity money experts, we focus on re-building a sound financial foundation; What is a reverse mortgage, how do they work and is it right for you. And if you n...2019-05-2330 min
Our 2 CentsEpisode 014: Trump's Trade War, Buying a Timeshare and America's Biggest Money WastersThe trade war between President Trump and China’s President, Xi Jinping is waging even more now. After Beijing increased tariffs on $60 billion of U.S. goods, President Trump is ready for a sit down. Do you think they will come to terms?After that heavy debate, we discuss whether it’s worth it to buy a timeshare. Can the pros outweigh the cons? The maintenance alone could be the caveat to your decision. Speaking of spending money…. Do you know what the biggest money wasters are for the average...2019-05-1535 min
Our 2 CentsEpisode 013: America's Strongest Workforce, Managing Your RMD's, G.O.T. Spoiler Alert and the Costs for MedicareAmerica’s Strongest Workforce, Managing Your RMDs, G.O.T. Spoiler Alert and the Costs for MedicareBaby boomers are still America’s strongest workforce today. What’s in store for the rest of us once that generation is retired?After that segment, we take a closer look at Required Minimum Distributions and the options you may have lurking behind your door. Should you convert to Roth? Should you reinvest? Or should you take the money and run like Starbucks did from G.O.T.’s last episode?Lastly, we discuss the various options...2019-05-0931 min
Our 2 CentsEpisode 012: Warren Buffets One Sentence Advice, Pritzker's Toilets & Taxes and Retiring Without Borders!Warren Buffets One Sentence Advice, Pritzker’s Toilets & Taxes and Retiring Without BordersOur 2 Cents – Episode #012Warren Buffets One Sentence Advice, Pritzker’s Toilets & Taxes and Retiring Without Borders!On this week’s podcast, we discuss Warren Buffett’s latest advice; “…Never listen to people like me…” and why time spent in the market is more important than trying to time the market.Governor Pritzker is currently under federal investigation for property tax fraud at his personal mansion in the Gold Coast…that didn’t take long, Illinois!We also discuss some of the most exotic and best w...2019-04-3033 min
Our 2 CentsEpisode 011: Potential Savings by Filing this Appeal, Chicago Popcorn Drama & More!We are back this week to touch on some important and exciting topics! We start by talking about ways to appeal – and potentially even save thousands of dollars on – your property taxes.Then we dive into some great questions from a few of our listeners, and we'll take a look at some of the hottest summer travel destinations. Have you been to any of these amazing locations?We also spend some time discussing why you may have gotten a surprise when you got your tax refund this year, and what the future of Social Security looks like...2019-04-2431 min
Our 2 CentsEpisode 010: What's the #1 Searched Retirement Question & A Potential Recession Indicator?Today we take a look at the 10 most Googled retirement terms, including the #1 searched retirement question - can you guess what it is? We also talk about ways to save on travel, especially while we are in the 8th straight week of rising gas prices!We spend some time discussing what an inverted yield curve actually means and why although it is considered an indicator of a recession, that does not necessarily mean we should expect one soon.Then we wrap up with some topics that are close to home for many of us, Illinois taxes and Illinois...2019-04-1033 min
Our 2 CentsEpisode 009: 10 'Retirement Killers', Powerful Personal Finance Habits and Are Employer Pensions Actually Guaranteed?We work most of our lives to be able to retire happy and with peace of mind, but there are plenty of reasons those plans can get derailed. On this week's podcast, we review "10 Retirement Killers" you should be on the look out for.We also discuss some great personal finance tips to keep top-of-mind, we take dive into the Sears life insurance debacle and have a bunch of fun along the way with a listener question and April Trivia! You Don't Want to Miss This Episode!2019-04-0234 min
Our 2 CentsEpisode 008: Looking to Retire Early? Don't Leave This Out of Your Plan! What is Modern Portfolio Theory & The Big Lotto Winner's QuestionRetiring early can sound like a dream for many people, but we'll share one major consideration you may be missing in your plan. Also, we'll dive into what Modern Portfolio Theory means and why it should be something you're familiar with. Be sure to get your tickets for the big lotto drawing and let us know if you'd take the lump sum or annual payments!2019-03-2632 min
Our 2 CentsEpisode 007: Rescinded Admissions, a Class-Action Suit: Fallout From College Scandal SpreadsWith spring feeling right around the corner, why not think about getting some great airfare at a cheap price? We’ll show you the top tricks! Also, get the updated scoop on the College Admissions Scandal and some savvy strategies for smart IRA withdrawals and avoiding penalties2019-03-1839 min
Our 2 CentsEpisode 006: Personal Finance Expert Warns Women: 'We Are Sabotaging Our Financial Security'Steve is back to join Gabriel and Trent this week as they cover a range of important financial topics, as well as the upcoming St. Patrick's Day festivities in Chicago and a whole lot more! Don't miss this episode!2019-03-1135 min
Our 2 CentsEpisode 005: Your Two Most Important Retirement Planning DecisionsGabriel and Trent hold down the fort on "Our 2 Cents" this week while Steve is travelling. They discuss the Chicago Polar Plunge, retirement planning decisions, taxes that might impact Illinoisans and a bunch more!2019-03-0431 min
Our 2 CentsEpisode 004: Listener Q&A, Stock Market Indicators & Buffett's Take on BitcoinGabriel, Steve and Trent have fun on this episode of "Our 2 Cents" answering questions from a couple of our listeners, talking about a stock market indicator you may not be familiar with, recapping Warren Buffett's take on Bitcoin and a lot more!2019-02-2533 min
Our 2 CentsEpisode 003: Romance Scams, Preparing for Retirement & Moving to MarsOn this episode, join Gabriel, Steve and Trent as they discuss the prevalence of "Romance Scams", how to effectively prepare for retirement and even moving to mars!2019-02-1833 min
Our 2 CentsEpisode 002: U.S. Economy Blows Away Jobs ExpectationsSteve, Gabriel and Trent discuss recent financial news, Valentine's Day and a lot more!2019-02-1037 min
Our 2 CentsEpisode 001: How To Avoid Becoming A Victim Of Tax ScamsSteve and Gabriel are joined on this episode by Trent Martin as they discuss recent financial news, the Polar Vortex we just experienced here in the Midwest and a lot more! 2019-02-0526 min