Tony Steuer Recommends - The Get Ready List 11-1-2024

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.

1) Does the election have you stressed out?

Managing Your Wealth (and Sanity) in an Election Year with Ryan Detrick, CMT and Sonu Varghese, Ph.D. presented by Lawrence Sprung, CFP? and Mitlin Financial, Inc? (on-demand webinar). Are you wondering what impact the election year will have on your investments? Managing your wealth probably isn’t as convoluted by the election as you might think. What to expect from markets before and after the election. Why the person in the White House doesn’t matter for your investments. Check it out anytime (here ).

2) Do you have regrets about your money?

The Secret to Avoiding Money Regrets with Dr. Preston D. Cherry, AFC?, CFT?, CFP? on the Life Money Balance Podcast.? Preston delves into the crucial topic of balancing the present with saving for retirement. This episode tackles common financial regrets like under-saving for retirement, underestimating medical expenses, and the fear of outliving one's resources, all while promoting a harmonious life-money balance.Check it on (YouTube ).

3) Don’t tip the IRS!

Don’t Tip The IRS with Steven A. Jarvis, CPA ?? and myself on the Get Ready Money Podcast. Every money decision has a tax impact. What to look for in a tax professional. How advisors can provide value through tax planning. Check out the podcast (here ).

4) Fixing the caregiving experience.

Easing the Burden for Family Caregivers with Max Mayblum of Givers and Hilary Hendershott, MBA, CFP? on the Love, your Money Podcast. Max’s start in telehealth and how a family diagnosis launched him into wanting to fix a broken system around caregiving, Max’s firsthand experience with the Givers motto – that “the burden of caring isn’t the care itself; it’s everything else that surrounds it. Check it out on (YouTube ).

5) Why financial advisors should be life guides, not just money managers.

The Intersection of Money, Psychology, and Happiness with Shaun Maslyk, FBS ?, CFP?, B.Comm, CIP and Matt Reiner, CFA, CFP? on the Bridging The Gap Podcast. Financial planning isn’t just about managing money but about helping clients align their finances with what truly makes them happy in life. The conversation touches on how financial advisors can step into the role of life guides, not just money managers. Matt and Shaun discuss the importance of helping clients see money as a tool, or the “wind in the sail,” that allows them to live a fuller life rather than the destination itself.? Check it out (here ).

6) A warning to check your life insurance.

A woman shares warning to check your life insurance with Tracy Davidson and myself on NBC10 Responds. In this story, a woman shared her warning to check your life insurance. She couldn’t believe what was written in her late father’s policy. I stressed that you should know exactly how your policy works. Life insurance policies can be complex. If you don’t understand them, you (or your beneficiary) may not get what’s expected. Watch the segment (here ).

7) Interested in the latest trends in insurance?

Check out Curtis Goldsborough aka #lossratio 's video - it's a fun and insightful look at what's going on in the insurance industry. Insurance is an integral part of a sound financial plan, this video will help you understand the macro issues which will help you and your clients. Enjoy! and see if you can spot me in the video ?? Check it out on LinkedIn (here ).

8) What you should know about financial fraud

Behind the Schemes: Unmasking Financial Fraud with Robert Mascio , Lori Schock and Rachael DeLeon on the Real Money, Real Experts Podcast. Stories of today’s most sophisticated scams such as AI-driven impersonation schemes. Lori and Robert explain how fraudsters exploit trust and emotion, and why it's crucial to have open conversations about these tactics. By discussing fraud openly, we can empower victims, protect ourselves, and make more informed decisions.?Listen to it on (Apple Podcasts ).

9) Looking for money tips to lead a financially healthy life?

Bobbi Rebell Kaufman, CFP? has a great newsletter, the Financial Wellness Newsletter where she shares financial insights and her personal journey. Recent articles included: Amazon Prime Day Confessions, Let’s talk about Mormon #momtok, I called it my placeholder job, financial wellness programs fail for this reason. Check it out (here ).

10) Women, money and retirement: study and resource.

What Women Say a study from the National Council on Aging (NCO). Whether a woman can age well starts early—long before retirement age. Across the lifespan, women face barriers to achieving health and economic security. With?years of earning less and taking time off for caregiving, women enter retirement at a major disadvantage. Read the study (here ).

She Handled It Retirement: An Inspiring and Empowering Financial Guide for Women Over Forty by Arwen Becker . This book provides a sweet remedy to the insecurity weighing her down, bringing an exciting, fresh, story-heavy (and data-light) financial guide. For a woman who wants to feel empowered but doesn’t want to be overwhelmed, this is the perfect place to encourage both her mind and soul. Check it out on Amazon (here ).

Events:

Advocis Coffee Talks: Financial Literacy is your Secret Weapon with Robin Taub CPA, CA hosted by Advocis (virtual and free). Robin outlines how mastering financial literacy can become your ultimate competitive edge, enabling you to guide clients more effectively, build deeper trust, and drive long-term success. Don’t miss this opportunity to enhance your skill set and discover why financial literacy is the smartest investment for you and your clients. Learn more (here ).

Trailblazers - End of Life Planning with Mark Duffey , Marc R. Butler and Sheryl O'Connor presented by IncomeConductor on November 5, 2024 (zoom and free).? End of life planning is often overlooked in the financial planning process.? They’ll discuss how incorporating end of life planning into a more holistic financial planning process adds value to an advisor’s practice with their current clients, solidify relationships with the spouse and children, and retain those assets through spousal and generational transfers. Learn more and view registration links (for 11:30 ET )(for 4:30 ET ).

Let's Talk About Ways to Make Dementia Caregivers Lives EASIER! With Pam Ostrowski on November 5th at 9am PT (zoom & free) presented by PositiveAging. Pam will share practical strategies and valuable insights aimed at alleviating the challenges faced by dementia caregivers. Drawing from her extensive experience in Alzheimer's care, she will discuss effective techniques to enhance caregiver well-being and improve the quality of care for loved ones. Register (here ).

AdviceTech Live presented by Asset-Map on November 12 & 13 - 12:30pm - 5:00pm ET (virtual & free). Join this crowd-sourced event of fintech companies, professional advisors, thought leaders and media as we create a total immersion program to see what's new from 20 companies and join forces in supporting good works through our Benefactor Partners 2023. Learn more (here ).

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

Tony

P.S. Join The Get Ready Money Club (here) to receive weekly action items, podcast notifications and recommendations via email.