In this episode, we're diving into a topic that often seems distant for younger generations: Social Security. Many millennials and Gen Zers might think Social Security won't impact them for decades, but it's crucial to start understanding it now. We begin with a brief history of Social Security and explain how it works in the U.S. We'll explore why Social Security is still important for younger people's retirement planning and address the burning question: Is Social Security really running out?

We'll discuss what factors are leading to concerns about the program's future and what potential reforms are being considered to keep it sustainable. Finally, we break down the key factors that determine how much you'll receive in Social Security benefits and offer insights on what younger generations should keep in mind as they plan their financial future.

This episode is packed with important information to help you plan for long-term financial stability. Leave a review or send us your questions at askcreatingwealth@taberasset.com!

Resources:

Retirees Face a $17,400 Cut If Social Security Isn't Saved

Social Security's Financial Outlook

In today's episode, Anastasia is joined by a special guest--her husband Dean--to explore the intersection of finance and romance. Managing finances in a relationship has its challenges, especially when one partner takes on the role of the "CFO" while the other is more hands-off. We share our personal experiences of navigating money management together. We'll discuss how we decided who would take the lead in handling finances, the challenges and benefits of this dynamic, and how we maintain open communication and shared financial goals. Whether you're the primary financial planner or your partner is, we've got practical tips to help you create financial harmony in your relationship. Plus, we'll dive into lessons learned and even our dream financial superpowers!

Tune in to discover how to work together on building wealth while maintaining a strong partnership. Don't forget to leave a review or send us your questions at askcreatingwealth@taberasset.com!

Check out our previous related episodes:

Timing Matters: When to Merge Finances with Your Partner (May 2024)

How to Build Wealth With Your Partner (February 2023)

Discussing Finances with Your Life Partner (July 2020)

Bonds 201 (April 1, 2021)

How do U.S. elections impact the stock market? In this episode, we dive into "election anxiety" and how it affects your investment decisions. We'll explore the historical data on market performance during election years, whether it matters which political party controls the government, and the three common mistakes investors often make during the election season. Plus, we'll share actionable strategies to help you avoid these pitfalls and provide perspective on the best mindset to adopt during politically charged times. If you're feeling uncertain about the upcoming election and your investments, this episode is for you!

Tune in to learn how to navigate market volatility during election seasons and keep your investment strategy on track.

For any questions, comments, or topic suggestions, email us at askcreatingwealth@taberasset.com.

Resources:

List of largest daily changes in the Dow Jones Industrial Average

S&P 500 Chart