Transcript: Easan Arulanantham: Is crypto a safe investment? Cryptocurrency a safe investment? Tom Vaughan: In a pure answer The answer, of course would be no just because of volatility, right? So when they look at safety, you look at volatility and you say, Okay, this can go up and down, you know, 10 or 18%
Transcript: Easan Arulanantham: So, in the past, we’ve talked about expenses to plan for in retirement, but what are some expenses that kind of disappear when I retire? Tom Vaughan: Ah, that’s a good one, actually, because kind of interesting, there’s quite a few, you know, I’ve seen clothes go down, you know, because you
Transcript: Easan Arulanantham: So this is a kind of a state planning question. If something were to happen to me, How does my family know where everything is and how to access any of my assets and benefits I might leave behind. Tom Vaughan: Okay, so this is actually really interesting, because this is something
Transcript: Easan Arulanantham: Unemployment came in at four, which 4%, which was up from 3.9. But there’s so many jobs added, how does that work out? Tom Vaughan: Yeah, so we had more jobs and unemployment went up. Right? That doesn’t seem like it matches together. The I think the issue really is, first of
Transcript: Easan Arulanantham: Should I be paying down debts? Or should I be investing to you know, have some extra cash flow? Should I be investing that into the market? Tom Vaughan: Yeah, that’s a great question kind of the opposite of what we just said, right? So, hey, my mortgage is at 3%. Just
Transcript: Easan Arulanantham: So one common issue in the barrier is that we’re kind of, we have a massive amount of our money or net worth in our home equity, should I ever? And should people ever consider tapping into this home equity in retirement? Tom Vaughan: Yeah, it comes up all the time here.
Transcript: Easan Arulanantham: Is there ever too much money in like a bank savings account? Or like a high yield savings account? Not in the market? And are there any rule of thumb that you should follow? Tom Vaughan: Yeah, well, there’s rules of thumb, and then there’s just what really happens. So, I’ve been
Transcript: Tom Vaughan: Do you do my pensions keep up with inflation, especially in like a high inflation or environment like now? Yeah, we see a lot of different pensions. You know, they’re not as common as they used to be used to be that kind of private pensions like IBM and GE, and what
Transcript: Tom Vaughan: Hello, everybody, welcome to Monday, the S&P 500 was up 1.9%. Today, this is a second green shirt day in a row. And that’s what makes this really important. I mean, we had the NASDAQ up 3.4%. Today, the Russell 2000 index, the small caps up 3%. Today, very similar to what
Transcript: Easan Arulanantham: For the last couple of weeks, we’ve been talking about Roth conversions. And so, first question is, you said, when you do a Roth conversion, you should pay the taxes from another source? Why can’t you use some of the funds that is being converted to be used for taxes? For example,