437: Simplifying Investment Decisions: 12 Simple Questions to Ask Yourself
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 564 Ratings
🗓️ 10 May 2024
⏱️ 31 minutes
🧾️ Download transcript
Summary
Do you have a clear understanding of your financial risk tolerance? Is your money truly aligned with what's most important to you in life? Although the actions you take along your investment journey might often feel complex, you can make the process less overwhelming by focusing on one word: Simple.
In this episode, we discuss:
- How to understand why you're making certain financial decisions.
- The three-point risk triangle and how it can help you make better investment choices.
- The risks associated with not understanding your investments.
- How to factor tax implications into your investment decisions.
Today's article comes from DariusForoux.com titled, 12 Simple Questions You Should Ask Before Making Investing Decisions. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation.
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Show Notes: Howardbailey.com/437
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Transcript
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| 0:00.0 | If you're getting ready to make an investment, if you're getting ready to step into retirement, |
| 0:04.0 | do you have a process? Do you know the right questions to ask yourself before making that leap |
| 0:11.3 | to make sure you have filled every crack in your plan? |
| 0:38.2 | Hey, this is Casey Weed. Welcome to the Retire with Purpose podcast, where it is my mission to deliver clarity and purpose and elevate meaning in your life. If this is your first time tuning into the show, I want you to know what to expect. We accomplished that mission in a couple of different ways, both through financial conversations and non-financial |
| 0:42.5 | conversations with our world-class guests in long form. And then we get together with you every |
| 0:48.8 | single week, every Friday, to discuss a trending topic with you. Now, these trending topics, |
| 0:53.7 | they're really quite often |
| 0:55.0 | trending articles, sometimes they're trending topics. They could have to do with making investment |
| 0:59.1 | decisions like we're going to talk about today. Could have to do with that tax trends, tax policies, |
| 1:04.5 | the latest in the market. It could have to do with anything that could be impacting your |
| 1:08.5 | bottom line in retirement. Again, both financial and non-financial. |
| 1:13.2 | And all of this content comes to every Friday from our blog, in addition to our weekend reading email that goes out every Friday. |
| 1:21.2 | That weekend reading email is an invaluable, no-brainer resource that you have to get signed up for because we go out, we sift |
| 1:28.2 | through all the garbage out there in the internet, and we find the gold. We find the diamonds. |
| 1:32.0 | We put those in your inbox every single Friday. Four articles on trending topics with |
| 1:37.0 | summaries, takeaways for myself, all curated by myself, Marshall Johnson, Les McDaniel, |
| 1:43.0 | our team here at Howard Bailey. But when you get signed up, |
| 1:47.4 | you get all kinds of other great resources as well. We reach out to you so that you can help |
| 1:51.9 | me architect my interviews with our guests. We provide you with questions, assessments, quizzes, |
| 1:59.0 | webinar invitations, all kinds of great stuff. And I am excited for some |
| 2:02.9 | great webinars that we have coming up from the softer side of retirement with our certified |
| 2:07.6 | retirement coach here, Les McDaniel, also taxes and social security, all kinds of great stuff |
... |
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