The Prosperity Blog

An Upcoming Recession? – Episode 326

Is there an upcoming recession on the horizon? This is the topic of today’s podcast. Kim and Spencer talk about if that is going to happen, when it is going to happen, and how you should be prepared for it. Stay tuned and take notes!

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.

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5 Assets that Don’t Belong in Your Retirement Account

Are all investments equally suitable for your retirement plan? Do some retirement account assets work better than others… and if so, why?

You can put almost anything into some type of retirement account—from a mutual fund to an alpaca farm! Awhile back, we wrote an article about some of the BEST investments to put in a retirement plan—especially a self-directed retirement account. Today, our focus is on what DOESN’T belong in that retirement account.

Qualified retirement plans or accounts are those that meet government tax code requirements for contributing pre-tax dollars that grow tax-deferred until withdrawal. They include 401(k)s, 403(b)s, and SEP plans. IRAs work very similarly, though not technically “qualified.”

Putting an asset in a traditional 401(k) or IRA gives you tax-deferred growth. But just because you CAN put an asset in a retirement account doesn’t mean you should. In this article, we’ll explain why, and we’ll name five assets you probably DON’T want in your retirement plan:

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The Seven Deadly Investor’s Sins – Episode 325

Kim and Spencer talk about a white paper called, “The Seven Deadly Investor Sins.” These are investor mistakes according to typical financial advice. Some of these they agree with, and a few of the investor sins they want to scream at! Listen and see if you agree or disagree.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.

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Long-Term Care Riders and Hybrid Policies: A Better Solution

“If there’s a single unsolved problem in the retirement plans for many middle- and upper-middle-income adults, it’s what to do about long-term care costs later in life,” says Christine Benz of Morningstar. And she’s right.

According to the Genworth 2018 Cost of Care Survey, the national median annual cost for long term care ranges from $48,000 to $100,375 depending on the type of care required. Of course, home care is less expensive than care in a facility, and shared rooms are less expensive than private rooms.

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Saving is a Verb – Episode 324

Savings: an important tool that every family should address to have control over their finances. In today’s episode, Kim and Spencer talk about saving as a verb—something that can be neglected by many financial advisors. Listen to Kim and Spencer share their wisdom and advice and enjoy this episode!

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.

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