The Long Term Investor

I love talking shop with colleagues from around the country and wanted to give you a peek into those conversations, so this week I invited two of my favorite Chief Investment Officers, Phil Huber and Rubin Miller.    Listen now and learn: Our thoughts on the biggest storylines of 2022 How we develop return assumptions for financial planning models Things people misunderstand about the role of a Chief Investment Officer   Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

How can two people with the same income, financial experiences, or education have very different levels of financial wellbeing? It’s simple: a sense of wellness doesn’t come from numbers alone. It’s all about the sense of security and freedom of choice each individual feels, both in the present and future.    Listen now and learn:  Four steps to improve your financial wellbeing A simple process for setting realistic goals The most downloaded free resource and how to use it yourself     Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Dr. Burton Malkiel, author of A Random Walk Down Wall Street, joins the show to talk about the 50th anniversary of his investment classic.   Listen now and learn: The two biggest mistakes investors make Lessons from market bubbles of the past Practical ideas for achieving investment success   Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The start of a new year is one of the best inflection points for your finances.    There are really nice tax planning, investment, and capital allocation opportunities right now. If this year you are considering seeking professional help with your finances, this top “rewind” episode from 2022 is for you.    By the end of this episode, you’ll understand how to structure your search for an advisor, research if they are trustworthy, and complete a structured interview with anyone you are considering hiring.   Listen now to learn:   The 4 steps to identifying an ideal advisor Questions to use when interviewing prospective advisors Things to consider when selecting a robo-advisor rather than a human advisor   To listen to the entire 3-part series this episode aired with, visit www.TheLongTermInvestor.com and listen to: EP.24: Do It Yourself or Hire an Advisor? EP.26: Not All Financial Advisors Are Created Equal EP.28: How to Interview an Advisor   You’ll also find all the show notes, free resources, and links mentioned in this episode.

Markets are down, inflation is high, and many are expecting a recession.     Are you ready?    In this “rewind” episode, I revisit a popular episode that is now more relevant than ever. By the end of this episode, I hope to help you answer an important question: “When is it time to seek professional help with your finances?”   Listen now to learn:   How to think about doing any given task vs. hiring a professional The value of an advisor according to a prominent Vanguard study  Common mistakes investors make on their own   To listen to the entire 3-part series this episode aired with, visit www.TheLongTermInvestor.com and listen to: EP.24: Do It Yourself or Hire an Advisor? EP.26: Not All Financial Advisors Are Created Equal EP.28: How to Interview an Advisor   You’ll also find all the show notes, free resources, and links mentioned in this episode.

Successful retirement savers often find themselves in a high tax bracket during retirement (pensions, social security, RMDs, etc.). One of the downsides, in addition to a higher tax bill, is getting hit with Medicare IRMAA.    Listen now and learn: How IRMAA works Strategies for retirees to avoid IRMAA How to plan for IRMAA while you’re still working     Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

After age 72, a Required Minimum Distribution (or RMD) must be withdrawn from your traditional IRAs and 401(k)s each year—whether you need it or not. Failing to take an RMD could result in a tax penalty worth up to 50% of the amount you should have taken.   Listen now and learn about seven strategies to minimize the RMD tax liability.     Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

When it comes to maximizing wealth, there is usually going to be a mathematically optimal solution, but that solution doesn’t always align with our human emotions.   Ben Carlson, co-host of Animal Spirits and author of A Wealth of Common Sense, joins me to talk about the variety of instances where spreadsheets and theory don’t align with human emotions and reality.   Listen now and learn: Why investors fail to earn the market return The importance of avoiding bad investments How personal finance best practices aren’t always the optimal choice for you   Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Is the 60/40 portfolio dead?   Both stock and bond markets are down this year, which has led to the traditional framework of the 60/40 portfolio being called into question across a variety of media outlets.   Listen now and learn: 5 reasons the 60/40 portfolio is not dead The historical performance of past 60/40 portfolio declines How the 60/40 portfolio framework is undergoing its biggest change ever     Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Giving to charity is relatively straightforward, but there are many ways to maximize your gift and tax benefit with just a little planning. In this episode, Plancorp’s Sara Gelsheimer shares her deep knowledge of charitable giving strategies. Listen now and learn:         The difference between charitable giving and charitable planning         Important things to ask charities before giving         Strategies for maximizing the tax benefit of your charitable gifts   Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions. —---------------------------------------