show episodes
 
The Your Life, Your Money Podcast helps you thrive in life, wealth and retirement. The show is designed to navigate the complexities around money, building and securing wealth, and achieving financial independence. Scott Sierens, financial advisor at Sierens Financial Group, will provide thoughts, strategies, and ideas on each episode to help you make smart and sound financial decisions. The goal is to take complex financial subjects and make them simple and easy to understand so you can fee ...
 
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show series
 
Many rules of thumb are great to follow to help with your finances, but some rules are outdated and don’t align with current economic conditions. We’ll explain which rules to follow and which to leave behind. What we discuss in this episode: 4:01 – 75% rule 6:33 – Retirement spending smile 8:50 – Understand expenses 13:00 – Taxes 16:24 – Retirement…
 
Everyone feels great about their investments when the market is growing and remaining strong, but how do you feel when things start to get choppy? Those fluctuations in the market can identify the people that aren’t truly comfortable with their portfolio risk because fear could push them to sell quickly. Here are some of the important things you’ll…
 
Are savings bonds making a comeback? This conservative investment option has found new life this year thanks to an interest rate that’s approaching 10%. Should you be moving money into these government-issued iBonds as soon as possible? We’ll give you all the details on these bonds and make sure you’re aware of all of the fine print. What we discus…
 
What does the transition into retirement look like? On today’s episode, Jim Manning will share his retirement story and the lessons he’s learned along the way. What we discuss in this episode: 5:08 – What were you doing prior to retirement? 8:31 – Were you working a lot? 9:24 – What age did you retire? 10:39 – Any other factors that made you retire…
 
There’s no better time than the present to remind ourselves of some good investing fundamentals and themes that we see in the market. Right now, your emotions might be high due to the market being down, but we’ll explain how to handle the rollercoaster ride. Today we're sharing 10 market tips from Bob Farrell, who spent decades as the head of resea…
 
Most people realize that it’s usually best to have an estate-planning attorney helping them with their estate plan, but it’s also important for the financial advisor to be part of that conversation. On this episode, we’ll explore the role an advisor plays in the estate and legacy planning process and uncover some of the basic mistakes people often …
 
On this episode, we’ll pick sides of some important financial debates. From paying off your mortgage early to life insurance and more, we’ll share our opinions on these hot financial topics. What we discuss in this episode: 3:12 – Mortgage 6:18 – Life insurance 10:24 – Taxes 14:38 – Mutual funds 16:51 – Social Security 20:38 – Mailbag: Unused vacat…
 
If current conditions of the stock market being down and your retirement investment accounts falling in value have you concerned, worried or even scared about your future, you’re not alone. Today’s episode is just for you. What we discuss in this episode: 3:48 – Stock market down 4:58 – Emotions 5:58 – Perspective 10:00 – Bear market 12:50 – Differ…
 
Can you still retire in a down market? With the stock market down and inflation up, that question is on a lot of minds. We’re going to talk about the factors involved in making this decision and how we help people like you determine the answer to this question. What we discuss in this episode: 3:10 – Business Insider article 6:00 – CNBC and USA Tod…
 
Today we’re diving into the mailbag to answer questions from listeners just like you. We’re taking questions about retiring prior to the age of qualifying for Medicare, gifting to your kids and grandkids, having multiple IRAs and long-term care. What we discuss in this episode: 2:08 – Article: Planning to retire early 5:42 – Not old enough for Medi…
 
Are you nervous about shifting from saving money to spending it in retirement? If so, you’re not alone. Today we're sharing five things you need to know about decumulation, or the spending phase of your life. What we discuss in this episode: 1:58 – Good review on podcast 4:44 – Lack of support 9:18 – Fear of spending 13:45 – Risks become more numer…
 
We’re all guilty of procrastinating from time to time. But today we’ll share some financial matters you want to be on top of and others you can take your time with. From taxes to debt, find out what you need to know about these money tasks. What we discuss in this episode: 5:28 – Deferring taxes 11:22 – Debt 14:59 – Estate planning 18:43 – Social S…
 
Are we headed into a recession? That’s the question that’s on a lot of minds. On today’s show we’re going to make sure a recession doesn’t ruin your finances or retirement plans. We’ll also welcome retiree and investor Jim Manning to the show so he can ask questions, which are probably the same questions you have. What we discuss in this episode: 1…
 
In the retirement planning business, we occasionally get some unreasonable requests. We’ll do our best to accommodate everyone’s needs, but sometimes they just aren’t realistic. On this show, we’ll share some of the requests and tell you how to set proper expectations around your retirement planning. What we discuss in this episode: 4:21 – Bigger r…
 
What can we learn from billionaire Warren Buffet when it comes to our finances? He shares some key lessons and advice to keep our money on track for long-term financial success. What we discuss in this episode: 2:26 – Bankrate article 5:21 – Portfolio survival 10:20 – Value, not timing 13:45 – Productive assets 17:06 – Avoid speculation 21:41 – Inf…
 
You might not pay as close attention to your birthdays as you get older, but there are some ages that you need to be paying attention to. On this episode, we're sharing the most important birthdays in retirement planning. We'll take you through some of the key ages, why they are important and what you should be thinking about as you approach retire…
 
There's enough financial jargon being used that even experienced investors get tripped up now and again. Today we’re going to talk about the investment terms you should know, what they mean and why they’re important to you and your financial future. What we discuss in this episode: 1:37 – Financial literacy month 6:32 – Stocks 13:39 – Bonds 17:45 –…
 
Putting together a solid retirement plan isn’t just about dollars and cents. We need to determine what really matters to you. Today’s show is all about why values-based planning is so important. What we discuss in this episode: 2:27 – Digging deeper 5:58 – Family 11:20 – Faith 14:39 – Career 19:15 – Education 23:06 – Charity 25:57 – Fun 30:13 – Que…
 
Volatility isn’t fun. When the stock market is down, it really takes a toll on our emotions. Emotions lead people to do things that could ruin long-term investing results. Today, we’re sharing why you should stay invested. What we discuss in this episode: 3:15 – Market volatility 6:48 – Long-term investors 9:21 – Diversification 19:13 – Emotions 22…
 
Low-interest rates, the cost of products going up, underfunded Social Security, and market volatility can really create some murky waters and make financial planning pretty difficult. We’ll share how to get clarity on your finances on today’s show. What we discuss in this episode: 1:23 – Pets 7:05 – USA Today article 10:56 – Income growth 18:45 – S…
 
Should you manage your own investments or work with an advisor? When should you do Roth conversions? Does having multiple IRAs make you diversified? These are all great questions we’ve received from listeners, and we’ll answer them on today’s show. What we discuss in this episode: 1:52 – Market Watch article 7:01 – Roth conversions 13:50 – Financia…
 
Between the war in Ukraine, gas prices, and inflation going up, the news has been pretty bleak lately. More people are talking about corrections, bear markets, and recessions. Today we’ll talk about those topics and what they mean to you and your money. What we discuss in this episode: 2:49 – Correction 9:34 – Bear market 15:43 – Recessions 19:53 –…
 
On this episode, we’ll breakdown a CNBC article that analyzes a recent Morningstar study. The study found that most of us have at least one money bias, some of us more than one, and that those biases are very possibly costing us money in our checking, savings, investing and retirement accounts. Listen to see if you might be impacted by a specific m…
 
A common question we get is, “Where should I keep my cash? Where should I put my rainy day fund, my emergency fund?” Today we’ll share three places you can keep your cash to get a better rate of return. What we discuss in this episode: 2:11 – Fed raising rates 9:56 – Where to keep cash 10:16 – Inflation 11:17 – The right amount of cash 13:06 – Too …
 
There are some things in life you can’t predict, but you can try to plan for them. For example, when is the next market crash going to happen? We don’t know, but here’s how you can prepare for this and other things in your financial life. What we discuss in this episode: 1:15 – Inflation articles 5:58 – Market crash 11:02 – Lifestyle 17:04 – Health…
 
Today we’re answering some of your excellent financial questions. How much should you spend in retirement? When’s the best time to take Social Security? We’ll answer these questions and more on today’s show. What we discuss in this episode: 1:42 – IRS backlog article 5:32 – Retirement income 10:38 – One stock 15:35 – Social Security 20:18 – Life in…
 
Prices are on the rise and people are being impacted in their day-to-day lives, so let’s talk about how to beat retirement’s nemesis – inflation. Listen to this show to find out what you can do to secure your financial future. What we discuss in this episode: 1:08 – Going up in price 4:05 – How big of a threat? 6:53 – CNBC and NYTimes articles 10:5…
 
Today we’re talking about why we see volatility in the stock market. We’ll also share what you should and should not focus on when this happens and how to plan and prepare no matter which direction the market goes. What we discuss in this episode: 1:28 – Stock market drops 2:37 – Why the market drops 5:02 – Inflation 7:20 – Covid 7:39 – Russia and …
 
Just like football players don’t want to fumble the ball in the red zone, you don’t want to fumble your finances as you get close to retirement. We’ll explain how to protect your finances during these crucial years on today's episode. What we discuss in this episode: 3:49 – What is the financial red zone? 5:50 – Planning in retirement 7:24 – Mistak…
 
Today we're sharing seven signs that you're in good financial health. It's a good checklist to measure where you stand and whether or not you're in a good position for retirement. How do you measure up? What we discuss in this episode: 3:31 – No depreciating debt 5:03 – Spend less than you make 6:51 – Save and invest 9:15 – How much to save 10:55 –…
 
What changes should we expect to see with Social Security in 2022? Some of the changes could affect your check or your company paycheck. We’ll explain how the cost of living has been adjusted and answer a listener's question about when to collect Social Security. What we discuss in this episode: 3:12 – Cost-of-living 10:13 – Higher wage cap 12:05 –…
 
So much has changed since your parents retired. Gone are the days of the pension, and technology is playing a larger part than ever in how we save money and invest in our future. Today we’re sharing what factors and forces are shaping retirement in the 2020s. Read more and get additional financial resources here: http://lifemoneyshow.com Check out …
 
We’re kicking off the New Year with a talk about the stock market and some predictions. As you’ll see, the experts’ predictions are all over the board. Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-35-stock-market-predictions/780/ More Resources: https://www.goldmansachs.com/insights/pages/outlook-2022-…
 
The New Year is just around the corner. Today’s show is all about money resolutions and focusing on what you can control. You can’t control the stock market, but there are some things you can do to improve your financial future. Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-34-10-money-resolutions-for-2…
 
If you’re thinking about leaving your job or you’re interviewing at different companies, today’s show is for you. We’ll help you learn how to compare different offers during your job search and what to look for. Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-33-how-should-you-compare-job-offers/770/ What…
 
Even if you have a solid financial plan in place, things can quickly get out of tune if you don’t make adjustments from time to time. Let’s talk about some of the areas where we often see people get out of tune with their financial plans. Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-32-is-your-financia…
 
As the year winds down, we help our clients with a checklist of items to get them prepared for the new year. One very important area to take a close look at is your 401(k) contributions. What can you do to improve your retirement account next year? Today we’ll share five tips to help you get the most out of your 401(k). Read more and get additional…
 
When planning for financial independence, you still need to plan for things other than finances, like what you will do with your free time. We’re talking about the life side of retirement today. What are you doing with your time and your energy? Grab a pen and paper and answer these questions for yourself. Read more and get additional information: …
 
We are opening up the mailbag today. George wants to know how much risk he should take with his investments and Robert wonders which Roth – 401k or IRA – is better? We’ll also discuss the best way to help your parents with their investments and whether it's smart to take Social Security early. Read more and get additional information: https://lifem…
 
Cutting corners - we all occasionally do it in life. Whether we do this with our finances, exercising, etc., we’re all guilty of this sometimes. When you do this financially, it can really hurt you in the long term. Read more and get additional information: https://lifemoneyshow.com/podcast/ep-28-quit-cutting-corners-financially/732/ Check out our …
 
Have you thought about giving back to make a positive impact on the lives of others? Are you wanting to be involved in a charitable way? Maybe you have the ability to give some of your time. Maybe it's financial resources. In today’s episode with Leslie Blake, Executive Director at Big Brothers Big Sisters, we discuss different ways you can volunte…
 
Inflation has been in the news a lot lately, but what is inflation exactly and how might it affect your financial future? We’ll explain the ins and outs and pros and cons of this much talked about topic. Read more and get additional financial information: https://lifemoneyshow.com/podcast/ep-26-pros-and-cons-of-inflation-and-investing/717/ Cited So…
 
Getting spouses on the same page with their retirement plan can often be a challenge. We’ll share some of the common things couples mess up when it comes to their finances and what you can do to avoid these mistakes. Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-25-financial-mistakes-couples-make/711/ C…
 
It’s best to spot red flags in your financial plan early on, that way we can address them before it’s too late. Can you name your investments? How often are you meeting with your advisor? Find out if your answers to these and other questions are problematic. Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep…
 
Time to act fast. We’re sharing some important tax strategies you might want to put in place before Dec. 31 to maximize your retirement accounts. We’ll share what they are and why you might want to make these changes now. Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-23-tax-planning-tips-to-maximize-you…
 
We’re not even to December yet, but it’s important to start talking about tax planning strategies early. Today, we’ll explain why now is the best time to start planning for your taxes and how you can start. Read more and get additional financial information: https://lifemoneyshow.com/podcast/ep-22-year-end-tax-planning-tips/690/ Key Points: 4:50 – …
 
Today we’re talking about the recent proposals in the new American Families Tax Proposal. We’ll walk you through some of the proposed changes and how they could affect your financial future. Read more and get additional financial information: https://lifemoneyshow.com/podcast/ep-21-how-the-democrats-tax-proposal-could-affect-your-financial-future/6…
 
Today we are going to focus on questions that we've heard from people recently. We will discuss gifting money to your children, the fear of running out of money, and required minimum distributions. No matter your financial question, we’re here to help guide you. Read more and get additional financial information: https://lifemoneyshow.com/podcast/e…
 
Common sense is actually quite uncommon, especially when it comes to financial planning. Here are some common sense money approaches you need to know. Read more and get additional financial information: https://lifemoneyshow.com/podcast/ep-19-learning-through-uncommon-sense/659/ Key Points: 3:56 – Buy low, sell high 9:30 – Don’t pay more in taxes t…
 
Sometimes the easiest way to learn about something is to make it really simple. There are a lot of assumptions out there about finances, so let’s take some time to clear those up. Like the true/false tests you might have taken back in grade school, let’s play a round of fact or fiction to test your financial planning acuity. Read more and get addit…
 
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