Your Life Your Wealth

March 4, 2022

With the Russian invasion of Ukraine underway and sanctions imposed, CFN’s John Walker discusses how prices here at home are being driven higher as a result.  He is joined by Jim Picerno, financial journalist and editor of the financial blog The Capital Spectator. They discuss rising energy, food, and travel prices, increasing market volatility and the Fed’s next move.

February 25, 2022

Concerns about Russian military activity surrounding Ukraine continue to dominate the news.  Today, Steve Cordasco discusses how geopolitical issues impact the markets and the economy as a whole. We’re starting to feel early effects here in the U.S., but it’s unclear how current international events, combined with our own economic stressors, will further impact future financial stability.  Steve makes an assessment and offers financial strategy you may want to consider.

February 18, 2022

Worrying about money, is known to negatively impact our emotional well-being and our state of physical health.  Studies have shown that people who have significant financial means often worry unnecessarily.  Their frequent concern is “do I really have enough” even when they clearly do. CFN’s John Walker talks with Psychologist Dr. Matt Goren, Ph.D, Assistant Professor of Financial Planning at The American College of Financial Services about why the connection exists and what we can do to reduce financial stressors.

February 11, 2022

Health savings accounts (HSAs) are a good way to put pre-tax dollars aside for out-of-pocket medical expenses, those costs beyond what your health plan covers if you have a high-deductible plan.  Today, Steve Cordasco details the often overlooked benefits of HSA’s. Learn how you can use your HSA as an additional tax-deferred retirement savings plan beyond your 401k or IRA.

February 4, 2022

Market downturns are a normal part of the investing process. Remember to stick to your overall plan. Stay unemotional and rational.  CFN’s John Walker and Dennis Jablonoski shed light on things you need to keep in mind as the stock market continues its roller coaster ride.

January 28, 2022

Steve is joined by guest Wade Pfau, PhD, CFA, Professor of Retirement Income at the American College of Financial Services, Co-Director of the American College Center for Retirement Income, and author of several books on retirement planning. They discuss the appropriate rate for drawdown of retirement funds, several alternative investment vehicles and his strategies for dealing with an economic downturn.

January 21, 2022

Knowing where to easily access important documents when you need them can reduce stress and anxiety. It can also bring peace of mind to your loved ones should they ever need to reference information regarding your insurance policies, will, power-of-attorney or other critical documents. Cordasco Financial Network’s John Walker is joined by Tim Joseph CFP® and CPA to discuss the importance of financial organization as they detail some specific solutions you may consider.

January 14, 2022

The death of a spouse is one of the most difficult things imaginable. It takes an emotional toll on the surviving spouse, typically creates unexpected financial issues and triggers tax-related consequences. Cordasco Financial Network’s John Walker is joined by Tim Joseph CFP® and CPA to address areas of concern that will undoubtedly need your attention after the death of a spouse.

January 7, 2022

It’s important for retirees and near retirees to understand the emotional impact a down market can have on them.  Perhaps you won’t experience the high anxiety others will during the next market pull back because it’s inevitable. However, you do need to think about how you want to position your portfolio long before a downturn happens. CFN’s John Walker and CFN Investment Team members Larry Shaw and Dennis Jablonoski explore the acronym C.A.N., as it relates to your retirement planning. It stands for Capacity, Attitude, and Need. Assessing these areas will help provide you with a greater understanding of your investment risk and help you mitigate anxiety.