Saving With Silverman

Building a financial plan can be done on your own, but there’s a much greater chance of making a mistake. Without having a professional to provide you with solutions and help you craft a strategy that fits your needs, you put yourself at risk of following bad advice or overlooking important aspects of a comprehensive retirement plan. Let’s look at four common mistakes we see investors make and what you can do to avoid them.   Get the show notes and additional resources here: https://silverman-associates.com/saving-with-silverman-podcast    Today's show rundown:  0:51 – The first mistake we see is people believe bonds are a completely safe investment.   2:11 – The second mistake is not protecting yourself from long-term care needs. 3:47 – The third mistake is not protecting yourself from market decline. 5:11 – There are many tools and strategies that you can use during the planning process. 6:16 – The fourth mistake is not having a plan at all.

Of course, we all want a healthy bank account. Having a good amount of dollars within easy grasp is helpful in the case of emergencies or for medium-sized purchases where you don’t want to have to liquidate assets. But is it counterproductive to have too much cash on hand? We’ll explore that idea and other pressing questions about the role that cash plays in financial and retirement planning.   Check out the show notes and get additional resources here: https://silverman-associates.com/saving-with-silverman-podcast    Today's show rundown:  1:22 – How much cash do we generally recommend people keep on hand? 3:07 – How do you come up with total for an emergency fund? 4:23 – Why do people typically end up keeping too much money in cash? 5:28 – Here are ways you can invest more efficiently without taking on all the risk of the market. 7:18 – What we talk about with clients during that introductory 20 minute meeting.

You’ve heard us on radio for a while but we’re excited to return to the world of podcasting to give you even more ways to listen and learn about financial planning. Today we’ll kick off the very first episode by getting to know more about Mark Silverman – his life, his career, and what he loves about living and working in Tuscon, Arizona.   Today's show rundown:  1:32 – Let’s get to know more about the business. What does being a financial advisor mean to Mark? 2:54 – The day-to-day challenges of financial planning never get boring. 3:36 – Mark tells the story of how he got into the business. 4:10 – Gives us an idea of what financial planning looks like for your clients. 5:30 – What does Mark like most about being both an advisor and a coach?   6:32 – Tell us one thing you really want people to know about you. 7:40 – What does Mark like most about living in Tuscon? 8:36 – What’s the last place you visited? 9:14 – Why we decided to launch the podcast and what do we hope people will learn? 11:10 – H