Upticks: Stay Sharp, Get Advice, Retire Right!
By Jake Falcon on February 23, 2024
Join us on Upticks this week for a jam-packed episode on multiple different topics! Jake and Cory discuss how much a financial advisor could help, the importance of staying sharp as we age, and looking for jobs in retirement.
It could help to be mindful of where you get your financial advice. What is the difference between risk and exposure? Jake talks about his new book, Retiring Right: Smart Steps for Exiting Corporate America. Jake and Cory wrap up by discussing high yields.
Thank you for joining us this week! If you have an article suggestion, please send it to service@falconwealthadvisors.com. Jake and Cory would love to discuss (or debate) articles sent their way.
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Read a summary of the conversation below:
Do Financial Advisors Really Improve Retirement Readiness?
Delving into a recent survey conducted by the American College of Financial Services, we explore whether working with financial advisors truly enhances retirement readiness. The hosts stress the importance of finding an advisor who genuinely adds value to one’s financial journey, based on the survey findings suggesting improved financial wellness and retirement preparedness.
How to Stay Mentally Sharp into Your 80s and Beyond:
Shifting gears, we explore strategies for maintaining mental sharpness as individuals age. Drawing on the importance of healthy living, exercise, proper diet, and engagement with the community, we stress the role of neuroplasticity in promoting a healthy mind, along with the significance of hearing aids in preventing cognitive decline.
Congrats on Your Retirement. Time to Find a New Job.
We discuss the growing trend of retirees returning to the workforce, exploring various reasons behind this phenomenon. While financial concerns and unexpected expenses are common drivers, we emphasize the need for retirees to consider how they want to spend both their money and time in retirement.
Be Mindful of Where You Get Your Money Advice:
Delving into the ongoing debate surrounding Dave Ramsey’s conservative financial principles, we examine his advice on cash payments, extreme frugality, and the snowball method. We explore the difference between risk and exposure, emphasizing the importance of personalized financial plans over generalized advice from radio shows or podcasts.
Retiring Right: Smart Steps for Exiting Corporate America:
Jake reveals exciting news about his upcoming book, “Retiring Right,” set to be published soon. The book aims to enhance financial literacy by addressing common pitfalls, offering insights, and emphasizing the importance of personalized financial plans for a successful retirement.
A Fund With a 94.9% Yield? There’s a Catch:
Cory highlights the allure and risks associated with funds boasting high yields, cautioning against being swayed by seemingly attractive yields. The hosts stress the importance of aligning investment strategies with individual financial goals.
Goldman Sachs High Yield Savings Account:
In a special announcement exclusive to Falcon Wealth Advisors clients, Jake discusses the partnership with Goldman Sachs, offering a high-yield savings account with a 5.25% interest rate. This opportunity provides a chance for short-term cash that surpasses traditional savings account interest rates.
Thank you for tuning in, we hope you have a great week!
