Saving With Silverman

Want to get in touch with Mark?

Want to get in touch with Mark?

Want to get in touch with Mark?

You can have the perfect investment plan, but the wrong mindset can still derail your retirement. In this episode, Mark explores some of the most dangerous mental traps he’s seen people fall into during their financial journey, and how to avoid them. Tune in to discover what could quietly unravel even the strongest portfolios. Here’s what we discuss in today’s show:

In the book The Five People You Meet in Heaven, a man arrives in heaven and encounters five different people who impacted his journey and gave meaning to his life. Today, Mark talks about the five people you should be meeting right before you retire. These are the people who can have a significant impact on your retirement and possibly even help give you a sense of purpose and direction as you enter into the next stage of life.   Here’s what we discuss in today’s show:

It’s one of the most misunderstood numbers in personal finance, and yet it can shape everything from your mortgage rate to your insurance premiums. In this episode, Mark breaks down what your credit score actually measures, why it matters even if you're financially comfortable, and how small, consistent habits can make a big difference over time.   Here’s what we discuss in today’s show:

What do you do when life throws retirement curveballs, especially the ones you didn’t see coming? In this mailbag episode, Mark tackles three unique retirement planning questions from listeners like you. You’ll hear whether life insurance can make sense as part of an estate plan and what the 4% rule really means when it comes to dividends and interest. Mark also helps a listener assess the impact of leaving work earlier than expected and what steps to take next.   Here’s what we discuss in today’s show:

Not all financial advisors do the same thing and not all “plans” are made with your best interest in mind. In this episode, Mark walks through what a genuine financial planning process looks like from start to finish, and how to spot the difference between true fiduciary advice and a thinly veiled product pitch.   Here’s what we discuss in today’s show:

Ever wonder what other people talk about with their financial advisors? A new survey of nearly 400 experienced advisors reveals the biggest concerns, challenges, and financial goals their clients are facing today. From retirement planning and healthcare costs to working longer than expected, we’re breaking down the key takeaways and how they compare to what we see in our own client conversations.   Here’s what we discuss in today’s show:

How do you build confidence in your retirement plan when so much feels out of your control? In today’s episode, we’re cutting through the noise and focusing on what really matters- the things you can control. From managing risk to planning for inflation and creating reliable income, we’ll share strategies that put you back in the driver’s seat.   Here’s what we discuss in today’s show:

What happens when the paycheck stops, but the bills don’t? In this episode, Mark cuts through the noise and gets real about why a true retirement income plan is your financial foundation. Spoiler: it’s not about picking the right annuity or hoping Social Security is enough. It's all about strategy, and there’s no silver bullet.   Here’s what we discuss in today’s show:

A good financial plan considers the unique needs and views of both spouses. But let’s face it, couples often come to the table with different approaches to saving, spending, and planning for the future. So, how do you get on the same page and build a plan that works for everyone? In this episode, we’ll explore the challenges and strategies of financial planning for married couples. Here’s what we discuss in today’s show:

Arizona is a unique state in that parts of the state have harsh winters while other areas deal with extreme heat in the summers. Either way, it definitely drives retirees to consider taking up residence somewhere else in those months when the weather isn’t enjoyable. Is ‘snowbird’ life for you? Let’s talk about what motivates people to take up temporary residence elsewhere, where they go, and if it’s worthwhile. Here’s what we discuss in today’s show: What our clients usually do when they choose to become ‘snowbirds.’ Where do people usually go to live when they leave? What do you need to consider before deciding to take up two residences? The ways that technology has given more flexibility with work and travel.   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

For many Americans, the 401k will be their biggest asset in retirement and will be a critical piece of the income they need to create. It’s no surprise that we get a lot of questions about the 401k and today we’re going to address some of the one that we get asked the most. Here’s what we discuss in today’s show: Is it a good idea to take advantage of a program your company offers to advise you on your 401k? Should you contribute as much as you can or just enough to get a company match? Should you use target date funds? Is it okay to take out a 401k loan to pay for major expenses? When is it a good time to rollover a 401k into an IRA? Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

Today we’re going to tackle retirement planning through a fun game called ‘Two Truths and a Lie.’ Ron will present Mark with three statements, and he’ll have to tell us which two are true and which one is the lie. This episode is designed to help listeners better understand how various financial elements impact their retirement and overall financial health. Here’s what we discuss in today’s show: Do stocks, bonds, or gold typically do better in inflationary periods? Rising interest rates will hurt borrowers, but rising interest rates don't hurt savers. Your emergency fund should be growing or it should be liquid. A market crash right after you retire can be very problematic. What’s the truth behind the future of Social Security? Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

If you’ve done any research on retirement and financial planning, you’ve probably seen the term diversification used quite a bit. But does what it mean to truly be diversified? The truth is that it can mean a lot of different things when it comes to your financial plan. Here’s what we discuss in today’s show: Diversification of stocks Diversification of asset classes Global diversification Diversification of strategies Diversification of future tax liability   Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

You wouldn’t necessarily expect Lindsay Lohan, Rosie O’Donnell or Mike Tyson to dispense valuable insights about financial planning matters. In fact, you’d probably expect the opposite. But with a little bit of creativity, we can get some financial planning pearls of wisdom from even the most unlikely of sources. Here’s what we discuss in today’s show:  Not being your own worst enemy when it comes to investing Taking what you hear on TV or social media with a grain of salt Having a game plan but being flexible with that plan as things change Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

With pensions being a thing of the past, and Social Security looking like it might have some changes coming, retirement planning today is nothing like it was for your parents or grandparents. In the past, people often retired and only lived a few years beyond that, but today’s retirees could spend 20, 30, or even 40 years in retirement. And, unless you’re in one of the few jobs that still offer pensions, it’s largely up to you to create and secure your own retirement. In this episode, Mark breaks down exactly how retirement planning has changed over the years and shares how people can start to get ahead in their planning. Here’s what we discuss in today’s show: Pensions are largely a thing of the past The challenge of having to support your children and elderly parents at the same time Concerns about the future of Social Security Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

From fitness icon to actor to governor, Arnold Schwarzenegger has worn lots of different hats over the course of his incredible life. Is financial advisor the next one he’s ready to put on? Probably not, but in today’s episode, we’ll dive into some of Arnie’s most well-known quotes and see how they can apply to the financial world! Here’s what we discuss in today’s show: How investing changes as you move through different stages of life. Visualization and setting goals. How the stock market is cyclical. The hard part is often just getting started. Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832

In our fast-paced lives, we often find ourselves juggling multiple priorities, from maintaining a healthy lifestyle to ensuring financial stability. But have you ever considered how these two seemingly distinct aspects of life might share common ground? In the latest episode, Mark highlights the intriguing parallels between weight loss and financial planning. Here’s what we discuss in today’s show: Understanding both the pros and cons when it comes to different financial products. Being diligent with saving. Your financial plan is not just for you, but for your family too. Reassessing your financial goals as your life circumstances change. Want to get in touch with Mark?  Web: https://silverman-associates.com/home Email: mark@silverman-associates.com Phone: 520.512.8832