Podcast
Guarding Your Nest Egg
Hosted by Talon Wealth · EN
Too many financial salespeople are masquerading as fiduciaries trying to make a dollar off your hard-earned money. We’re on a mission to cut through the noise and provide level-headed, unbiased insights to help you retire better. Our show is unfiltered, unbiased, and real-talk about retirement planning to help you maximize your wealth and lifestyle. Join fee-only fiduciary Mike Lester, along with Kristen Charles to cut through the noise of retirement planning gossip.
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Mike Lester
Kristen Charles
© 2023 Talon Wealth. All rights reserved.
Mike Lester is an investment adviser representative of Talon Private Wealth, LLC, an SEC-registered investment adviser. Talon Private Wealth and this podcast network are not affiliated. Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. This information should not be considered tax or legal advice. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. The information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities or advisory services. Be sure to consult with a tax professional before implementing any investment strategy. Florida license D056341. California License 0N00828.
🐊 Talon Wealth is The Official Wealth Management Team of the Florida Gators. Compensation was paid to Learfield for partnership with the Gators as of January 2023.
10episodes
Episodes
Newest firstAll episodes
Should I Buy Gold at Costco? 🤔
Oct 17, 202300:11:09Tap to summarizeAn unexpected item has made its way into Costco 🛒. Gold bars! Yep. You can now find one-ounce gold bars for sale online at Costco. Mike and Kristen discuss whether or not it’s a wise move to hedge against economic uncertainty and explore the pros and cons of investing in physical gold. The rush to buy gold bars at Costco may be a sign of growing economic anxiety and distrust in the government, but it's essential to weigh the practicality of such an investment. Physical gold can be challenging to store and transact with, and there are more accessible alternatives like precious metals ETFs. It's a good idea to consult with a fiduciary financial advisor to explore your options and make informed decisions about protecting your wealth. ===================== 🔔 Subscribe to our podcast to learn more about all things portfolio management. 📺 Watch our weekly YouTube show / @guardingyournestegg 🧑💻 For a free financial plan or to talk to an advisor, Click here. 👥 Connect with us on Facebook https://www.facebook.com/talonwealth/ See omnystudio.com/listener for privacy information.
Transcribe →BETTER (Not Scarier) Alternatives to Annuities
Oct 3, 202300:09:57Tap to summarize🎃 After some fall 🍂 and creepy Halloween chat 👻 (courtesy of Mike's kids), we discuss various “safe” money options that may be on your radar, and which might be best for YOU! Retirement planning can feel like a daunting task, especially when the economic landscape seems uncertain. With interest rates on CDs, money market accounts, and Treasury yields showing promise, the question arises: Should you consider annuities or explore alternative options? Mike and Kristen dive into the pros and cons of annuities and explore the potential benefits of Treasury bonds as a safer investment choice for retirees. ===================== 🔔Subscribe to our podcast to learn more about all things portfolio management. 📺 Watch our weekly YouTube show / @guardingyournestegg 🧑💻 For a free financial plan or to talk to an advisor, Click here. 👥 Connect with us on Facebook https://www.facebook.com/talonwealth/See omnystudio.com/listener for privacy information.
Transcribe →Why a Roth Conversion Is NOT For Everyone
Sep 12, 202300:09:12Tap to summarizeAs we approach retirement, financial decisions become increasingly crucial. One is whether to convert your traditional IRA or 401(k) into a Roth IRA. Based on a recent live event attendee's question, Mike and Kristen discuss the complexities of Roth conversions and help you understand whether it's the right choice for your unique financial situation. ➡️ The Allure of Tax-Free Retirement Income: Roth IRA conversions have gained popularity due to the promise of tax-free income during retirement. The concept is enticing: you pay taxes upfront when you convert your traditional retirement accounts, and then your withdrawals in retirement are entirely tax-free. Who wouldn't want that? However, the decision to convert isn't one-size-fits-all, and there are crucial factors to consider. ➡️ Understanding Roth Conversions: Roth conversions involve transferring money from a pre-tax retirement account to a Roth IRA. While this may sound straightforward, it's essential to grasp the tax implications. When you convert, the amount transferred is treated as ordinary income, subject to your current income tax rate. Therefore, your tax bracket plays a pivotal role in the decision-making process. ➡️ Tax Bracket Considerations: Your tax bracket impacts the cost of conversion. If you're already in a high-income tax bracket, converting may mean paying a significant amount in taxes upfront, potentially diminishing the benefits of a Roth IRA. Conversely, if you're in a lower tax bracket, a conversion could be more tax-efficient. ➡️ Timing Matters: Timing is crucial when considering a Roth conversion. It might make more sense to convert when you expect to be in a lower tax bracket, such as after retirement or during years with reduced income. Assess your future income projections to determine the most tax-advantageous time for conversion. Is a Roth IRA conversion right for you? The answer depends on your individual circumstances. It's crucial to gather information, assess your financial goals, and consult with experts who can help you make an informed decision. Reach out to professionals who can guide you on this journey and ensure that your retirement strategy aligns with your unique needs and aspirations. ===================== 🔔Subscribe to our podcast on your preferred platform to learn more about all things portfolio management. 📺 Watch our weekly YouTube show / @guardingyournestegg 🧑💻 For a free financial plan or to talk to an advisor, Click here. 👥 Connect with us on Facebook https://www.facebook.com/talonwealth/See omnystudio.com/listener for privacy information.
Transcribe →How a Written Financial Plan Helps You RETIRE BETTER
Sep 5, 202300:10:17Tap to summarizeDid you know that writing out your goals makes you 42% more likely to achieve them? 🤔 This week Mike explains the significance a written financial plan can have on your future. Whether a physical document or digital, a written plan helps you analyze thoughts, set clear goals, and outline solutions for the most secure retirement possible. ===================== 🔔Subscribe to our podcast on your preferred platform to learn more about all things portfolio management. 📺 Watch our weekly YouTube show / @guardingyournestegg 🧑💻 For a free financial plan or to talk to an advisor, Click here. 👥 Connect with us on Facebook https://www.facebook.com/talonwealth/See omnystudio.com/listener for privacy information.
Transcribe →Soaring Mortgage Rates & Your Advisors Role
Aug 22, 202300:05:21Tap to summarizeIt’s no secret that mortgage rates have surged to the highest levels they’ve been in more than 20 years. Mike explains the impact this could have on soon-to-be and current retirees AND the role a financial advisor should play in your life if you’re thinking about taking out a loan for a new 🏠 or vacation home. See omnystudio.com/listener for privacy information.
Transcribe →The Mechanics of Your Retirement Money
Aug 8, 202300:08:51Tap to summarizeThis week Mike explains the transition from receiving a regular paycheck from your job to begin tapping into your retirement accounts like 401(k)s, IRAs, and pensions when you stop working. Listen to find out how money flows from these accounts to your bank, what role taxes play, and if you can pull it off as a DIY investor… 🧐 Or do you need a financial advisor? See omnystudio.com/listener for privacy information.
Transcribe →The Areas a Financial Advisor Should Bring Value (Besides The Obvious)
Aug 1, 202300:10:55Tap to summarizeIf you’re paying a financial advisor a fee to manage your money, what else should they be able to help you with? Mike shares his ✅-list based on the countless questions he’s been asked about investing and retirement in general during the last 2-plus decades as an advisor. 🚨Spoiler alert: Income Planning is simply one component of many that is key.See omnystudio.com/listener for privacy information.
Transcribe →Finding The Right Financial Advisor & Not a Crook
Jul 18, 202300:22:06Tap to summarizeAfter Mike straightens Kristen out on a “fun fact” that he thinks is a “false fact” about the summer heat ☀️, we discuss a concern many Americans ponder: ❓How do we make sure we’re not going to be taken advantage of when it comes to our money for retirement? After Bernie Madoff became a household name in 2008, stories of investment advisors NOT being good stewards of their client’s assets have heightened that concern. After discussing a recent ruling against a major bank, Mike shares actionable steps investors can take to help verify if they can feel comfortable working with a fiduciary financial advisor they choose... Because with so much retirement planning advertising, sometimes it's tough to know where to turn for help with 401(k) accounts, IRAs, and other assets.See omnystudio.com/listener for privacy information.
Transcribe →The “Talonomics” of “Bidenomics” & Your Money
Jul 13, 202300:17:11Tap to summarizeThis week Mike’s degree in economics from 🐊The University of Florida and being a fiduciary pay off, because some of the “nomics” we’re hearing don’t make sense. If you’ve been scratching your head lately about America's numbers, wall street, and things just feeling off… It’s not just you. Mike explains why all of the options are worth you looking into for your investments for retirement, including possibly using structured notes as part of your portfolio… Depending on your situation.See omnystudio.com/listener for privacy information.
Transcribe →“Deal Days” 📦 Marketing vs. Real Value
Jul 10, 202300:12:08Tap to summarizeRegardless of the tax bracket, many Americans seek ways to save money and not pay full price. Made-up marketing holidays such as Amazon Prime Day 📦 on July 11th & 12th (along with competitors such as Walmart, Best Buy, and Target following suit in some fashion) seem to make that desire to save “easier.” This week Mike and Kristen discuss the difference between getting a deal, versus getting a deal on something you need, and how the same hype can be found in some of the marketing of various financial products, along with what to watch out for concerning your investments and accounts for retirement. See omnystudio.com/listener for privacy information.
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