Best of Simply Money

Navigating Interest Rate Cuts and Market Reactions with Historical Insight

On this week’s Best of Simply Money podcast, Amy and Steve dive into the historical perspectives of interest rate cuts. With the Federal Reserve lowering rates for the first time in four years, they discuss the immediate market reactions and what this means for investors. Joining them is Allworth's Chief Investment Officer, Andy Stout, who provides expert insights into the Fed’s communication strategies and their impact on the markets.
The episode also explores the potential for a recession in the coming year, the implications of the yield curve inversion, and how post-COVID monetary policies have affected economic indicators. Andy Stout sheds light on the prospects of achieving a "soft landing" and the forecast for future rate cuts.
Additionally, the show covers the unexpected rise in mortgage rates following the Fed's decision, and the importance of personal financial planning in light of these changes. They also delve into the challenges of relying on 401k auto-enrollment and the importance of taking ownership of retirement savings.
To cap it off, the episode addresses the uncertainties surrounding the upcoming presidential election and its impact on spending decisions. Tune in for a comprehensive discussion on making informed financial choices amidst economic fluctuations.
 

Decoding the first interest rate cut in four years.

On this week’s Best of Simply Money podcast, Amy and Steve dive into the economic implications of the Federal Reserve's decision to lower interest rates by half a percent. This significant move marks the first rate cut in four years, stirring the waters of Wall Street and beyond.
Joining the discussion is Allworth's Chief Investment Officer, Andy Stout, who provides expert insights into why this rate cut makes sense amid a weakening labor market and the Fed's dual mandate of stable inflation and full employment. The conversation explores the potential risks and benefits of the rate cut, the Fed's communication strategies, and what this means for investors moving forward.
Whether you're an investor looking to understand the broader economic impact or just curious about the Fed's latest move, this episode offers a thorough analysis of the current financial landscape.
 

Navigating inflation, interest rates, and smart investing.

On this week’s Best of Simply Money podcast, Amy and Steve break down the latest inflation numbers and what they mean for the Federal Reserve's upcoming decisions on interest rate cuts. They dive into the nitty-gritty of what the Fed's data means for your wallet.
Plus, they've got some practical advice on how to make the most of your emergency fund during these high-interest times.
Feeling a bit of FOMO? Before you dive into the latest investment craze, they talk about the risks and how to make smarter choices. They will also guide you through the differences between HSAs and FSAs, so you can choose the best option for your healthcare expenses.
And for those navigating the complexities of estate planning, especially if you have a disabled child, our expert Mark Reckman shares invaluable advice on guardianship and other alternatives.

Avoiding common investor pitfalls: Your guide to smart financial decisions

On this week’s Best of Simply Money podcast, Amy and Steve delve into the biggest mistakes they see investors make and how you can steer clear of them.
From the emotional roller coaster of trying to time the market, to taking on too much or too little risk, Amy and Steve have seen it all.
Plus, they talk about the financial advice investors say they really want, share strategies for those who bring in dual incomes and have no kids in the home, and answer listener questions in their ‘Ask the Advisor’ segment.
 

The 3% Drop: Did You Fall into the Investor Trap?

On this Best of Simply Money podcast, Amy and Steve Sprovach take a deep dive into a mistake some investors made three weeks ago that they might not recover from. Did you make this mistake? It all started on August 5th when the S&P 500 dropped 3% after a negative jobs report for July. Even if you don’t recall the date, you probably remember the sinking feeling of checking the markets and seeing that drop. So, what did you do as an investor that day?
Steve shares how, even in retirement, that drop caught his attention and got him thinking about a potential market correction. We’re discussing why sometimes doing nothing is the best strategy and how reacting to negative press can lead to bad decisions.

Strategies when approaching retirement, the Social Security COLA projection, the risks of abusing home equity, and more.

On this Best of Simply Money podcast, Amy and Steve Sprovach reveal the financial planning steps to take starting ten years before you tell your boss to 'take this job and shove it.'
Plus, people are using the equity in their homes for all the wrong reasons. Amy and Steve explain how this can derail your chance at achieving financial freedom.

Interest rate cuts on the horizon, the retirement account strategy that could save you thousands, and the significance of the Fiduciary standard.

On this Best of Simply Money podcast, Amy and Steve Sprovach break down the July inflation report and explain how to prepare for looming interest rate cuts.
Plus, the Fiduciary standard is under attack. Amy and Steve discuss why and fight back.

The Wall Street roller-coaster ride, scary headlines exposed, and common mistakes to avoid if you want to retire early.

On this Best of Simply Money podcast, Amy, Steve and Allworth Chief Investment Officer Andy Stout provide perspective rather than panic in the face of recent market volatility.
Plus, a look at how much umbrella insurance you should have.

The Fed sets the stage for an interest rate cut, a lesson on election stress and investing, and mindset shifts to make for financial freedom.

On this Best of Simply Money podcast, Amy and special guest and former co-host Steve Sprovach discuss the factors that have us closer to the first interest rate cut in four years.
Plus, they discuss the number one factor that usually determines whether you will achieve financial independence. Your mind.

Preparing for an interest rate cut, a big mistake many are making with their 401(k)s, and retirement fact or fiction.

On this Best of Simply Money podcast, Amy and Allworth advisor Andy Shafer discuss potential money moves to make as the Federal Reserve carefully considers an interest rate cut.
Plus, they play some retirement fact or fiction.