Tag: Wealth Unlocked
The Surprising Link Between Taylor Swift and Retirement Planning (Ep. 17)

The Surprising Link Between Taylor Swift and Retirement Planning (Ep. 17)

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Are you struggling to find ways to protect your retirement income during market downturns?

Do you know that there’s a surprising connection between Taylor Swift and retirement planning?

In this episode, Tom Selbo discusses the importance of having multiple sources of income during retirement and how we can learn from Taylor Swift’s business model to apply these principles to our own portfolios.

As one of the highest-grossing artists, Taylor Swift has a variety of income streams, from album sales and streaming royalties to merchandise and touring revenue. This diverse range of income sources provides her with a strong financial foundation and protection against market fluctuations.

Tom highlights how retirement investors can apply this same principle to their portfolios by having a mix of passive and active income streams. 

Topics discussed in this episode:

  • The importance of having multiple sources of income during retirement
  • How Taylor Swift’s business model reflects the benefits of a diverse portfolio
  • The different types of investments and assets that can help draw more retirement income and provide protection during market downturns
  • A mix of passive and active incomes that can be included in a retirement portfolio
  • How you can go about identifying and creating different sources of passive income

Tune in to this episode to learn more about how Taylor Swift’s multiple sources of income can inspire retirement investors to create a more diversified portfolio and the benefits that can come with it.

Resources: 

Connect With Tom Selbo:

The content has been made available for informational and educational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product.  Always seek the advice of your financial advisor or other financial service provider with any questions you may have regarding your investment planning.

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The Four Phases of Market Volatility (Ep. 16)

The Four Phases of Market Volatility (Ep. 16)

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Market volatility is often feared as a harbinger of financial doom, but let’s not forget that it can also bring incredible opportunities for profit. While it’s true that volatility can lead to a drop in investment value, it can also surge and produce spectacular returns for savvy investors.

In this episode, Tom Selbo explores market volatility and why not all volatility is bad for investors. Tom reveals how the different phases of volatility are perceived from a spending or investment perspective and their influence on investment planning.

Tom discusses:

  • The main phases of market volatility
  • How those different phases impact client spending habits
  • Why selling during a market downturn can decrease investment value
  • The influence of human emotion on investment planning during market volatility
  • And more

Connect With Tom Selbo:

 

The content has been made available for informational and educational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product.  Always seek the advice of your financial advisor or other financial service provider with any questions you may have regarding your investment planning.

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Why Roth IRAs Have a Place in Retirement Planning (Ep. 15)

Why Roth IRAs Have a Place in Retirement Planning (Ep. 15)

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You have spent years saving up for retirement. Then you start to take out your retirement income and you have to pay taxes on it. How can you protect your retirement income?

In this episode, Tom Selbo is joined by Chad Broberg, a wealth advisor at Landmark Wealth Management Group, in discussing Roth IRAs, their role in retirement and tax planning, and when you should consider adding them to your plan.

Chad focuses on:

  • What a Roth conversion is
  • Why they are important in retirement planning
  • When clients are most in need of Roth IRAs
  • What clients don’t realize about taxes and how Roth IRAs provide a solution
  • And more

Resources: 

Episode 13 – IRAs vs. Roth IRAs: Delayed Gratification (Ep. 13)

Connect With Chad Broberg:

LinkedIn: Chad Broberg

Connect With Tom Selbo:

About Our Guest:

After teaching middle school math Chad became a wealth advisor in 2001. He is passionate about developing and managing a strategy for his clients in or nearing retirement that allows them to confidently navigate the ups and downs of the stock market and life, so they can truly enjoy the retirement they worked so hard to create.

Chad has earned numerous financial planning industry designations, as well as various awards.  Chad graduated with degrees in Education and Math from Saint John’s University in Collegeville, MN.

The content has been made available for informational and educational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product.  Always seek the advice of your financial advisor or other financial service provider with any questions you may have regarding your investment planning.

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Revolutionizing Retirement Planning with the Secure Act 2.0 (Ep. 14)

Revolutionizing Retirement Planning with the Secure Act 2.0 (Ep. 14)

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Unleashing the Next Frontier in Retirement Planning: The Secure Act 2.0 takes center stage. 

Join Tom Selbo as he delves into the exciting changes brought forth by this game-changing piece of legislation. Discover how the Secure Act 2.0 is shaking up the retirement planning world, with a special focus on the two groups who will feel its impact the most: the pre-73 retirees and those with employer-sponsored retirement plans. Get ready to take your retirement planning to the next level!

In this episode:

  • Uncover the Secrets of a Smarter Retirement Plan
  • Explore the fascinating world of retirement planning and the impact of the Secure Act 2.0
  • Discover the game-changing effects of delaying required distributions on the phases of retirement
  • Uncover who benefits from delaying distributions and how
  • Learn about the automatic enrollment of employees in employer retirement plans and its benefits for job changers
  • Get a glimpse into the future of 401(k) plans with the addition of emergency savings accounts
  • And much, much more!

Connect With Tom Selbo:

The content has been made available for informational and educational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product.  Always seek the advice of your financial advisor or other financial service provider with any questions you may have regarding your investment planning.

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IRAs vs. Roth IRAs: Delayed Gratification (Ep.13)

IRAs vs. Roth IRAs: Delayed Gratification (Ep.13)

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Do you have an IRA or a Roth IRA? What’s the difference?

In this episode, Tom Selbo explains the difference between IRAs and Roth IRAs, and why it might matter to you. He starts off with a fun story about delayed gratification. Tom then applies the lesson from the story to the discussion about the different circumstances where an IRA or Roth IRA is better suited.

Tom discusses:

  • The differences between IRAs and Roth IRAs, and how they work
  • Who should consider a Roth IRA and the rules for one in 2023
  • How he thinks about Roth IRAs from a strategic and optimization standpoint
  • Why you may need a plan when using multiple retirement savings vehicles
  • And more

Connect With Tom Selbo:

The content has been made available for informational and educational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy, or investment product.  Always seek the advice of your financial advisor or other financial service providers with any questions you may have regarding your investment planning.

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How To Stay Accountable For Your New Year’s Resolutions (Ep.12)

How To Stay Accountable For Your New Year’s Resolutions (Ep.12)

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Most New Year’s resolutions are given up less than a month into the new year. How can you stay accountable to your financial goals?

In this episode, Tom Selbo focuses on sticking to your financial goals in 2023. He shares the importance of having someone else know about your goals, the role of a financial advisor in building your financial goals, and why many people don’t take the step to hire a financial advisor.

Tom discusses:

  • The top eight new year’s resolutions
  • Why financial planning is so important for 2023
  • How to take the first step is staying accountable to your financial goals
  • How financial advisors can take your financial plan to the next level
  • And more

Resources:Wealth Unlocked, Landmark Wealth Management Group, Tom Selbo, Advisor, Initial Public Offering, Financial Planning, New Year Resolution, Investment Planning, Financial Advisor, Financial Goals

Connect With Tom Selbo:

The content has been made available for informational and educational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy, or investment product.  Always seek the advice of your financial advisor or other financial service providers with any questions you may have regarding your investment planning.

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What To Consider When Paying Off Your Mortgage Early (Ep.11)

What To Consider When Paying Off Your Mortgage Early (Ep.11)

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It seems the dream of every homeowner is to pay off their mortgage. But is that the best choice for you?

In this episode, Tom Selbo dives into mortgage payments, when to pay them off and where that same money could be put to better use. He shares general information about paying off your mortgage before, during or after retirement and the risk factors to consider when paying it off.

Tom discuss:

  • The pros and cons of paying off your mortgage early
  • Alternative options for investing money instead of on higher mortgage payments
  • The potential penalties for paying off your mortgage early
  • How age factors into paying off your mortgage early
  • And more

Connect With Tom Selbo:

The content has been made available for informational and educational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product.  Always seek the advice of your financial advisor or other financial service provider with any questions you may have regarding your investment planning.

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Adding Bonds To Your Investment Portfolio (Ep.10)

Adding Bonds To Your Investment Portfolio (Ep.10)

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Peanut butter and jelly, minnie and mickey, stocks and bonds, rather some well known duos. Well the first two are easy to understand, the relationship between stocks and bonds can be a bit more complicated. 

In this episode, Tom Selbo will run through the basics of how bonds fit into your investment portfolio and why you need to be aware of what kind of bonds you’re buying.

Tom discusses:

  • Defines what a bond is
  • The types of bonds that are popular
  • The risks with bonds that people aren’t aware of
  • Two reasons bonds become a more important part of your portfolio
  • And more

Connect With Tom Selbo:

The content has been made available for informational and educational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product.  Always seek the advice of your financial advisor or other financial service provider with any questions you may have regarding your investment planning.

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Why Wait To Create An Estate Plan? (Ep.9)

Why Wait To Create An Estate Plan? (Ep.9)

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Everyone knows a will is essential in financial planning. So why doesn’t everyone have one? More importantly, how comprehensive is the plan?

In this episode, Tom Selbo dives into estate planning, who needs one and how it benefits the family even while you are living. He also shares stories about families without estate plans and how the government ended up distributing the assets with no will.

Tom discusses:

  • How an estate is passed without a will
  • What a comprehensive estate plan consists of
  • Who benefits from an estate plan
  • When you should start estate planning
  • And more

Connect With Tom Selbo:

The content has been made available for informational and educational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product.  Always seek the advice of your financial advisor or other financial service provider with any questions you may have regarding your investment planning.

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Concentrated Investments (Ep.8)

Concentrated Investments (Ep.8)

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What is a concentrated investment? Do you have any?

In this episode, Tom Selbo discusses the problem of having a concentrated investment position and why oftentimes why people don’t consciously choose to. He also explains some common pitfalls when it comes to stocks and real estate. 

Tom discusses:

  • A definition of a common concentrated investment
  • What’s so bad about having one concentrated position
  • Two strategies for approaching a concentrated investment position
  • And more

Connect With Tom Selbo:

  • 408-984-8777

 

The content has been made available for informational and educational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product.  Always seek the advice of your financial advisor or other financial service provider with any questions you may have regarding your investment planning.

Podcast: Play in new window | Download