A married couple is seeking advice on hiring the right financial advisor as the wife plans to retire. They are concerned about making a mistake with their $2 million portfolio and want to avoid previous bad advice. The hosts emphasize the importance of finding an advisor who is a good fit and has the client's best interests in mind. They discuss the role of emotions in financial decision-making and the need for a non-emotional, mathematical approach. They also highlight the importance of certifications and expertise in the financial industry. The hosts stress the importance of finding an advisor who is available and responsive to the client's needs. They discuss the concept of fiduciary responsibility and the potential conflicts of interest in different financial institutions. The hosts emphasize the need for open communication and a collaborative relationship between the client and advisor. They also address the topic of fees and the expectation that the fees paid should align with the services provided. The hosts conclude by highlighting their commitment to providing personalized and professional financial advice to their clients. In this conversation, Randy and Peggy discuss the importance of treating clients with respect and avoiding jargon. They emphasize the value of providing information and education to empower clients to make informed decisions. They also discuss the dynamics of couples in financial planning, highlighting the need for both partners to be engaged and knowledgeable. The conversation touches on the role of a financial advisor in managing investments and the importance of active management. They conclude by encouraging listeners to seek out the right professionals to help them make important financial decisions.

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Randy and Peggy Fisher talk about retiring abroad due to the high cost of living in the United States. The hosts discuss the new inflation numbers and express skepticism about the accuracy of these figures. They explore the factors that motivate people to retire abroad, such as lower living costs and the excitement of living in a new country. The hosts also discuss the challenges and considerations of retiring abroad, including language barriers, cultural differences, and access to healthcare. They emphasize the importance of seeking advice from experienced professionals when considering a move abroad.

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In this episode, Peggy and Randy Fisher discuss the financial implications of divorce and the importance of being knowledgeable about your spouse's financial situation. They highlight the need for transparency and communication in a marriage, as well as the potential risks of financial deception. The Fishers emphasize the importance of creating a financial net worth statement and regularly updating it to ensure awareness of assets and liabilities. They also discuss the impact of divorce on assets such as pensions and 401(k) accounts, and the potential for unequal division of assets. Overall, the episode serves as a reminder to be proactive and informed about your financial situation in a relationship.

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Randy and Peggy Fisher talk about financial infidelity, specifically a woman who won the lottery and has not disclosed her wealth to her husband of five years. The hosts discuss the implications of hiding money in a relationship and the potential consequences of revealing the secret. They also touch on the importance of transparency and communication in a marriage, especially when it comes to financial matters. The conversation highlights the need for couples to have a clear understanding of their assets and financial plans, as well as the potential challenges that can arise when there is a lack of trust and openness.

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In this conversation, financial advisors Peggy and Randy Fisher discuss the fear of a stock market bubble and the potential impact on retirees. They address the concerns raised by experts like Harry Dent and emphasize the importance of diversification and having a well-rounded financial plan. Peggy and Randy explain that while market downturns are inevitable, being prepared and having a balanced portfolio can help mitigate the impact. They also highlight the role of emergency funds and budgeting in ensuring financial stability. Overall, they encourage listeners to focus on long-term goals and not be swayed by fear-mongering or speculative predictions.

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Randy and Peggy Fisher discuss the dangers and pitfalls of DIY projects, both in terms of physical safety and financial well-being. The hosts share personal anecdotes and examples to highlight the importance of seeking professional help in certain areas, such as home repairs, car maintenance, and financial management. They emphasize the value of expertise, the potential consequences of DIY mistakes, and the benefits of working with professionals who can provide guidance and accountability. The conversation also touches on the role of financial advisors in helping clients with various aspects of their lives, including insurance, taxes, and major purchases. In this conversation, Peggy and Randy Fisher discuss the dangers of DIY retirement planning and the importance of working with a financial planner. They highlight the risks of making emotional investment decisions, the complexity of retirement planning, and the need for personalized strategies. They also emphasize the value of professional expertise and the potential consequences of DIY mistakes. The conversation concludes with a humorous anecdote about Randy's failed attempt at DIY electrical work.

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Randy and Peggy Fisher discuss the topic of Social Security and its potential challenges and changes in the future. The hosts and guests discuss the impact of factors such as inflation, government spending, and means testing on the solvency of the Social Security system. They also touch on the importance of Social Security as a retirement income source and the concerns of individuals who rely on it. The conversation highlights the need for a comprehensive solution to ensure the long-term stability of Social Security. The conversation discusses the impact of potential changes to Social Security on retirement planning. It explores Biden's proposed plan to address the program's shortfall and the potential effects on high earners. The conversation also touches on the importance of proactive retirement planning, including maximizing 401(k) contributions, considering tax-free income options, and using annuities as a tool for guaranteed income. The hosts emphasize the need to work smarter and harder to ensure a secure retirement and avoid the need to return to work in retirement. They also mention the importance of using the right tools for retirement planning and the potential risks of DIY retirement planning.

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Ignoring the check engine light in your car can lead to costly repairs and potential breakdowns. Similarly, neglecting your retirement plan can have serious consequences. It's important to be proactive and regularly check in with a financial advisor to ensure your retirement is on track. Just as cars have warning signs, our finances have indicators that need attention, such as net worth, debt-to-income ratio, and emergency savings. By staying on top of these factors, we can maintain a healthy financial future. Ignoring financial checkups can lead to underestimating expenses and relying on others to handle our retirement. Regular checkups and planning can prevent financial crises and provide peace of mind. In this conversation, Peggy and Randy Fisher discuss the importance of staying proactive with financial planning and making adjustments based on changing circumstances. They highlight the potential impact of the expiration of the Trump tax plan in 2025 and the need for tax-efficient strategies. They also emphasize the need to review and reallocate investments regularly to manage risk and take advantage of market opportunities. The Fishers stress the importance of regular check-ins with financial advisors to ensure that plans are aligned with current conditions and goals.

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