Tony Steuer Recommends: The Get Ready List 10-18-2024

Here are my top 10 recommendations for the week from people who are passionate about changing the way we think about money and are qualified and unbiased sources.

Were you or someone you know impacted by the recent hurricanes? (Free Resource)

In the aftermath of a disaster, recovery can feel overwhelming, but knowing your resources can make a huge difference.?I’m offering FREE copies of my book, Get Ready: A Step-By-Step Planner for Maintaining Your Financial First Aid Kit, to anyone affected by the hurricanes. I created this book to help people prepare and recover from disasters.

You can create a household inventory which will help you with your insurance claims (and rebuilding). Having everything in one place will hopefully make your recovery just a little bit easier. My heart is with everyone impacted, and I hope this resource can provide even a small bit of relief. DM me your email address for a free copy.

1) How to keep seniors safe online.

How to keep seniors safe online by Cameron Huddleston for The Savvy Septuagenerian presented by Keena Pettijohn .? It’s imperative for the well-being of your clients, their assets, and your firm that you take a comprehensive approach to keeping seniors safe online. Raise awareness of scams and fraud, Ensure protections are in place and Leverage trusted contacts. Check out the article on LinkedIn (here).

2) Do you know how to talk to people experiencing grief?

The Language of Loss: How to Communicate With Grieving Clients with Kathi Balasek, MA and Brendan Frazier on The Human Side of Money Podcast. Kathi reveals the essential skills financial advisors need to navigate conversations with clients experiencing grief. The #1 reason widows leave their advisors. What NOT to say during times of grief and loss. Check it out (here).

3) Are you ready to change your financial story?

Changing your financial story with Shehara Wooten, CFP??? and Tony Steuer on The Get Ready Money Podcast. Why you should own your financial narrative, recognize that money is a tool and the importance of knowing your why. Why the Black community’s ability to achieve wealth has been excluded. Check out the podcast (here)

4) An intriguing conversation on applying a fiduciary mindset to society.

Can a Fiduciary Mindset Improve Society? With George D. Kinder , H. Adam Holt, CFP?, ChFC? and Derek N.H. Notman, CFP? on the Rethink Financial Advice podcast. George Kinder is the Father of Life Planning. Find out what George’s stance he’s taking on what it means to be a Fiduciary and how he would like to see it applied to society, and learn about his new book! Check it out (here).

5) The importance of healthcare financial literacy.

Merging Healthcare and Financial Planning with Rory Henry, CFP?, BFA? , Julie Johnson and Christine Simone on the AFO | Wealth Management Forward Podcast. Learn how to make a significant impact in an area of growing concern for Americans: the rising costs of healthcare. Uncover why only 14% of Americans can accurately define basic healthcare insurance terms, underscoring the urgent need for improved healthcare financial literacy. Gain insights from Christine on the importance of proactive planning, Check it out on Spotify (here).

6) What myth do you have about retirement?

12 Common Retirement Myths Debunked by Experts by Ya?l Bizouati-Kennedy for GoBankingRates. The myth that I debunked was life insurance is a great way to save for retirement. In fact, life insurance is an insurance contract, not an investment. Life insurance policies always include a cost of insurance (mortality charge) to pay for the life insurance, and this will lower the rate of return. If you borrow money from a life insurance policy, you are charged interest on the loan. Read the article to check out all 12 retirement myths (here).

7) How can advisors help their clients with tax planning?

How Best to Implement Tax Planning With Your Clients with Steven A. Jarvis, CPA ?? and Catherine Tindall, CPA on the Financial Advisors Want To Know Podcast. Advisors shouldn’t guess at tax planning, get the tax returns. Advisors should understand whether they're being intentional or not, they are doing tax planning. Every money movement, every money decision has a tax impact. And so you're either being intentional about it or you're being negligent about it. Those are kind of the options here. Check out the conversation on YouTube (here).

8) An in-depth look at Medicare.

What You Need to Know About Medicare by Michele Cagan, CPA . Who is eligible for Medicare? What does Medicare do? A detailed look at the 4 parts of Medicare. Is there anything Medicare doesn’t cover. Read the article (here).

9) An in-depth look at Roth v. Traditional IRA’s.

Why Pre-Tax Retirement Contributions Are Better Than Roth In Peak Earning Years (Even If Tax Rates Increase) by Ben Henry-Moreland, CFP?, EA for the Nerd’s Eye View blog. Includes: The Roth-vs-Traditional Decision, The Traditional Account “Time Bomb” Debate, Managing Retirement Income Levels To Maximize The Benefits Of Pre-Tax Accounts. Read the article (here).

Roth vs Traditional Accounts by Thomas Kopelman . In this blog, Thomas breaks down the key differences between Roth and Traditional accounts to help you make an informed decision. Includes definitions, key differences, pros and cons along with the bottom line on how to choose. Check out the article on LinkedIn (here).

10) A formula for financial security.

The Algebra of Wealth: A Simple Formula for Financial Security by Scott Galloway . What you need to know in order to better your chances for economic security no matter what. You’ll learn: How to find and follow your talent, not your passion, when making career decisions. How to ride and optimize big economic waves. (hard truth: market dynamics always trump individual achievement).? What small steps you can take that pay big returns later, including diversification and tax planning. Check it out on Amazon (here). Recommended by Therese Faessler .

If you like this, please share it.

Which recommendation was your favorite?

Do you have a recommendation? Hit reply and share with me.

Until next week, let’s change the way we think about money.

Tony

P.S. Join the financial preparedness conversation in the The Get Ready Network LinkedIn group (here)

https://www.dhirubhai.net/groups/14238582/