We are in the election year and you’re probably wondering whether you should make changes to your portfolio, right? In this episode, we talk about election years and how they affect the market and your investment choices. Timestamps: The difference between market statistics history during the election and non-election years [1:31] Reasons why capitalism is probably going to work [2:32] Why returns in election years are the same as non-election years [4:15] Why chances of market volatility have always been part of our history [5:00] How people use their political preferences to monitor their investment decisions [8:00] Get used to market volatility every year not, just an election year [11:51 LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here

Real Personal Finance

070 - How Should You Invest in an Election Year?

Is a Target Date Fund right for you? To put it in simple terms, it depends. Today we explain what the appropriate course of action is when approaching a Target Date Fund. From new investors to those more well-seasoned, we discuss what factors you should consider when deciding if you should use a Target Date Fund or select your own investment mix. Time Stamps: Introduction – 00:02 Listener question – 00:25 What is a Target Date Fund – 2:00 Salsa analogy – 2:52 How do the fees work – 4:05 Is it cheaper to replicate the blends vs. Target Date Funds – 7:30 Diversified Target Date Funds – 8:31 What is the right fit for you – 10:38 Conclusion – 13:18 LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here

069 - Should You Use a Target Date Fund In Your 401(k) Plan?

What do you do when you have fully maxed out your 401k contributions? This is where the Mega Backdoor Roth contributions may come into play. In this episode, we explain the mechanics behind a Mega Backdoor Roth contribution and how to approach this move strategically so you never have to pay taxes on that contribution again. Time Stamps: Introduction - 00:05 Listener question – 00:55 What is a Mega Backdoor Roth – 01:18 Does this make sense for you – 3:00 How do you drive down taxable income – 4:02 What is the quality of your 401k plan – 5:50 The mechanics of a Mega Backdoor Roth – 8:02 How much can you contribute to after-tax contributions – 10:13 The two components of after-tax buckets – 11:33 Where the Mega Backdoor Roth comes in – 12:43 In service Roth conversion – 13:03 Plans that allow in-service distributions – 14:18 Plans that do in-service conversions – 14:43 Conclusion – 17:23   LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here

068 - What is Mega Back Door Roth Contribution and Who Can Do It?

Today we answer questions from a listener on where to save your money in a 5-year span. From the stock market to the bond market we lay out what the probability of return is from daily to yearly and define what it means to be resilient when it comes to financial planning. Introduction - 00:10 Listener question - 00:25 How much of a gamble are you willing to take - 1:39 Probability vs. Certainty - 3:20 Putting probabilities in your favor - 4:35 Make room for error - 7:08 What is the minimum for saving for a home - 8:33 Alternatives to investing in the stock market - 9:47 Bond market - 12:05 How flexible are you with investing - 13:43 Caveat to buying a home - 14:45 LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here

What's the Best Investment Strategy for a 5-7 Year Timeframe?

066 - How to Teach Kids About Money Basics?

065 - How to Navigate Open Enrollment: I Hope You Have It

064 - How to Navigate Open Enrollment: Stock Compensation

063 - How to Navigate Open Enrollment: Health Insurance

 Property Taxes Closing Costs Earnest Money Paying for the Escrow Homeowner's Insurance Other Taxes Interest Rates Moving Costs Utilities Home Maintenance & Repairs   LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here

062 - 10 Hidden Costs of Home Ownership

 High Yield Savings Account Certificate of Deposit (CD) Checking or Savings Account Taxable Investment Account Roth IRA LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here

061 - What do I do With My Emergency Fund with Interest Rates So Low?

60 - What Tax-Efficient Investment Strategies Exist After I Max My 401(k)?

059 - What Do I Do After a Parent Passes Away?

058 - Everything You Need to Know About 529 Plans

057 - What Questions Should I Ask When Hiring a Financial Planner?

 Professional Expertise Convenience Coaching Values Alignment LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Sticher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here

056 - What Is The Value of Working With a Real Financial Planner?

Your REAL personal finance questions answered by CERTIFIED FINANCIAL PLANNER™ professionals, Scott Frank and James Conole. With all of the misinformation and jargon in the financial industry, it's no wonder most people are confused about how to best manage their money. James and Scott are here to give clear answers to the important questions they hear most often. If you're ready to use your finances to create a more secure financial future, this show is for you.

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Real Personal Finance

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