Best of Simply Money

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.

The most common financial questions answered, what to do when your advisor is retiring, and you ‘Ask the Advisor.’

On this week’s Best of Simply Money podcast, Amy and Steve take the top questions investors ask financial advisors and answer them.
Plus, a breakdown of the estate documents you need.

A milestone in the fight against inflation, when you should call your financial advisor, and when buying travel insurance makes sense.

On this Best of Simply Money podcast, Amy and Steve break down the inflation report that could fuel an interest rate cut.
Plus, they discuss the benefits of automatic 401(k) enrollment, and when it’s time to reach out to your trusted financial planner.

Breaking down the first half of the year, steps to take to retire early, and does being rich matter?

On this Best of Simply Money podcast, Amy and Steve review the first half of 2024 and detail the mid-year financial checkup you should consider.
Plus, why being wealthy is more than just a number.

The calm before the storm, a deep dive into asset allocation, and when cash is NOT king.

The markets are in the midst of an extremely calm period. On this Best of Simply Money podcast, Amy and Steve discuss the reasons why, explain why it won’t last, and provide important context.