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Your Life Your Wealth Network

Steve Cordasco, CEO of Cordasco Financial Network brings you LIVE exclusive interviews, the nation's best guests and expert insights on the latest news in the world of personal finance, global markets and politics every week! Gain comfort and clarity for your retirement by listening to the Your Life, Your Wealth podcast today!
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Now displaying: 2018
Jul 16, 2018
LIFE LESSONS FROM A POKER CHAMP
 
Steve’s favorite read for Summer 2018, is "Thinking in Bets: Making Smarter Decisions When You Don’t Have All The Facts” by former poker champ turned business consultant Annie Duke.  In this episode they discuss her unique career, dealing with uncertainty, and ways to avoid making emotional decisions.  Good practices for poker players and investors.
 
Program Length 31:09
Jul 13, 2018

YOUR LIFE YOUR WEALTH - LEISURE EDITION:

THE BOOKS OF SUMMER

Steve talks to Mark Rotella, executive editor of Publishers Weekly, about the summer book scene.  They discuss the business of books and what’s new in areas like self-help, breezy fiction for the beach, and more. 

Program Length: 14:06

 

 

 
 
Jul 10, 2018

PROCEED WITH CAUTION WHEN CONSIDERING AN EARLY RETIREMENT

Steve discusses the dangers of simple solutions and rules of thumb for those who want to retire early. 

Program Length 12:26

Jul 6, 2018

ATTENTION BUSINESS OWNERS:  KNOW THE VALUE OF WHAT YOU OWN

Learn what every business owner needs to know about the value of their company.  Steve talks with Michael Carter, President and CEO of BizEquity, the world's largest provider of business valuations.

Program Length 15:38

Jul 3, 2018

WEALTH IS NOT GROWN WITHOUT REALLY TRYING

Learn the simple and practical principles that represent the keys to financial success

Program Length 14:59

Jun 29, 2018

THE TRIPLE TAX BENEFITS OF HEALTH SAVINGS ACCOUNTS 

Steve explains how this often overlooked option can be an excellent vehicle for retirement savings 

Program Length 13:17

Jun 26, 2018

THE INVESTMENT FEE TAX BREAK BIDS FAREWELL

The tax benefits associated with the costs of obtaining financial advice have been eliminated.  Steve takes a close look at this provision of the new tax code, and how it impacts investors and financial professionals.  The politicians in Washington deserve the blame, but there might be a viable work-around. 

Program length: 19:10

Jun 22, 2018

THE GROWING RETIREMENT AGE GAP 

Steve is joined by Matt Rutledge, economist at The Center For Retirement Research at Boston College.  They discuss the reasons for a growing gap in the ages people retire and the surprising relationship between retirement age and education level.   

THE INVESTMENT FEE TAX BREAK BIDS FAREWELL

The tax benefits associated with the costs of obtaining financial advice have been eliminated.  Steve takes a close look at this provision of the new tax code, and how it impacts investors and financial professionals.  The politicians in Washington deserve the blame, but there might be a viable work-around. 

TARRIF TALK FUELS RISK AVERSION FOR SOME INVESTORS

Trade war fears have caused a flight to safety.  Some investors are moving away from equities in search of safer investments.  Steve discusses why a wait-and-see attitude may be best, and how the strength of the economy may overshadow the rhetoric.

Program Length: 50:19 

Jun 22, 2018

THE GROWING RETIREMENT AGE GAP 

Steve is joined by Matt Rutledge, economist at The Center For Retirement Research at Boston College.  They discuss the reasons for a growing gap in the ages people retire and the surprising relationship between retirement age and education level.   

Program length:  17:03

Jun 19, 2018

UNIQUE CHALLENGES FOR WOMEN IN RETIREMENT PLANNING

Steve and guest Catherine Collinson, CEO and President of the Transamerica Institute and Transamerica Center for Retirement Studies, discuss finding success through empowerment and practical solutions.

Jun 15, 2018

ANOTHER INTEREST RATE HIKE BY THE FED

Understanding The Impact On Your Life and Wealth

 

 
 
Jun 15, 2018

ANOTHER INTEREST RATE HIKE BY THE FED

Understanding The Impact On Your Life and Wealth

 

COMBATING INCOME INEQUALITY BY PRIVATIZING SOCIAL SECURITY 

Fiscal Insanity Or A Sound Policy Solution

 

UNIQUE CHALLENGES FOR WOMEN IN RETIREMENT PLANNING 

Finding Success Through Empowerment And Practical Solutions 

 

POSITIONING INVESTMENTS IN INFLATIONARY TIMES

Learn What Asset Classes May Do Well

Jun 8, 2018
WEALTH GOES STEALTH
Why Many With Money Don’t Want You To Know About It
 
MILLIONAIRE MYTHS
Learn What People Think They Know About Millionaires 
 
SENIORS IN SPLITSVILLE
Divorce Among Retirees Is A Growing Trend
 
INFLATION IMPACTS SUMMER TRAVEL
Benefits Of Owning Nearby Vacation Rental Real Estate
Jun 1, 2018
NEW TREND INVOLVING FINANCIAL PLANNING FIRMS AND TAX PREP SERVICES
Benefit to Clients or Questionable Fit
 
 
CAN YOUR PROPERTY TAXES BE A CHARITABLE DEDUCTION
NJ Attorney General Says Yes and Vows To Fight the IRS 
 
 
PROCEED WITH CAUTION WHEN CONSIDERING AN EARLY RETIREMENT
Learn the Dangers of Simple Solutions and Rules of Thumb 
 
 
WHAT TO DO WITH YOUR 401-K WHEN YOU LEAVE THE COMPANY
Details on Determining the Option That’s Best for You 
May 25, 2018

THE RETIREMENT CRISIS

Can the federal government really provide a fix?

 

INVESTING 101

Learn the critically important basics of wealth creation

 

BOND STRATEGY

Rising rates and inflation call for a tweak in bond holdings

 

MEMORIAL DAY

Our support for those who have made the ultimate sacrifice

May 18, 2018

BOND MARKET PERSPECTIVES

Bonds are traditionally viewed as a stable investment, but they are now showing some signs of volatility.  Steve talks with a member of the CFN investment team as they discuss the role bonds play within a diversified investment portfolio.

FIXED ANNUITY FACTS

Annuities may offer comfort to some investors who have an aversion to market fluctuation.  Steve talks about the various types of annuities, and if they should be part of your overall investment plan. Steve highlights the differences between fixed, immediate and variable annuities.

COVERING THE COST OF HEALTHCARE 

The cost of healthcare is high and will continue to rise.  It’s estimated that a 65 year old couple retiring today will need about $280,000 to cover healthcare and medical expenses through retirement. Steve talks about how a variable annuity may help in covering some of those costs during retirement. 

May 11, 2018

SPEND, BUT HAVE A PLAN

Steve and Chris Gibbons, of the Cordasco Financial Network team talk about the fear of over-spending in retirement and the importance of uncovering spending priorities as you plan for those post-working years.

MAXIMIZE YOUR SOCIAL SECURITY INCOME

Steve discusses some of the factors you should consider before accepting social security payments.  Learn the facts about collecting at age 62, 70, or at your full retirement age.

YOUR INHERITANCE, SOONER OR LATER

 Steve talks wills and trusts, but also shares his findings that many parents and grandparents are getting great pleasure out of watching others enjoy what they’ve earned and shared, rather than just knowing they will be provided for after they’re gone.

 

May 4, 2018

LEGENDARY INVESTOR WARREN BUFFET’S TAKE ON BITCOIN 

One of America’s best known and most successful investors has a definitive opinion on bitcoin that may surprise you.  With Warren Buffet’s track record of success, many investors are listening carefully to what he has to say about the cryptocurrency craze.  Find out if he believes it's an investment or speculation?

 

GET RICH QUICK - STRATEGY OR A SCHEME 

Have you ever been sucked into a get rich quick sales pitch? Don’t be ashamed.  Some people are motivated to jump into “investments” that sound too good to be true, and others react with skepticism. Discover if you and your partner are of the same “money mind” when it comes to these so-called opportunities.    

 

MAKE RATIONAL, NOT EMOTIONAL MONEY DECISIONS 

Following your emotions regarding money and investing is never a good idea.  Learn how to avoid that costly mistake, particularly at a time of life when you have fewer years to recover. Be patient, choose wisely.  

 

Apr 27, 2018

Steve discusses the fear of going broke in retirement.  It impacts many, including those who have significant retirement savings.  Concern about over-spending can keep some retirees from enjoying the assets they have accumulated throughout their working life.  Steve discusses how good planning and the development of careful spending habits can alleviate this common fear and help retirees live their best life. 

Next, Steve takes an in-depth, two-segment look into work related retirement plans such as 401(k), 403 (b) and profit sharing pension plans.  Noting that many company plans are deficient in some critical areas, Steve offers specific action plans for employers and employees to make the company plan more advantageous for all who participate. 

Then, Steve talks about productive ways of opening a dialog between employers and employees regarding a company's retirement savings plan, and the many resources Cordasco Financial Network can provide. 

Apr 20, 2018

How much do you want the federal government involved in your retirement savings?  Steve discusses a recent survey showing how the majority of people want to either keep individual control of their retirement savings, or save for retirement through an employer sponsored plan.  He details the reasons government involvement should be limited to social security.   

 

Next, Steve talks about the fastest growing portion of the population who are getting divorced, those in or nearing retirement.  Since the 1990’s, divorce in the 50+ age group has doubled, and for those over 65, the divorce rate has tripled.  Steve analyzes the trend with a focus on how late-life divorce impacts  financial security in retirement. 

 

Then, Steve discusses a recent article published in a medical journal that says your financial health is important enough to be viewed as one of your vital signs.  The article documents the relationship between your wealth and your health.  Learn how big financial losses can impact your physical health and what you can do to protect yourself.  

 

And finally, Steve helps investors put stock market volatility in perspective with a detailed look at  the latest information posted to the resources section of our website called "First Quarter 2018 Knowledge College: Volatility in Perspective."  You can listen to the segment, then view further information online at www.cfnplan.com.

Apr 13, 2018

Facebook founder Mark Zuckerberg testified in front of Congress this week about his company's controversial handling of personal data.  Steve talks with Anthony Mongeluzo, President of PCS, a managed IT service provider for an extended two-segment discussion about cybersecurity, including the security of online personal financial data.

 

Next, Ian Comisky, partner in the law firm of Fox Rothschild, joins Steve for his annual visit to talk taxes.  They discuss a wide range of tax related topics including some specific things that could trigger an IRS audit.

 

Then, Steve talks about how Cordasco Financial Network secures online and computer based financial information for clients. 

Apr 6, 2018

Politics and the economy take center stage as President Trump continues to talk tough on tariffs and international trade. Steve discusses how the President's new Chief Economic Adviser, Larry Kudlow, uses his communication skills to reduce public concern and ultimately calm jittery markets. 

 

Next, Steve discusses ways to prepare for a bear market, including how to deal with the media hype and how to avoid making emotional investment decisions.  Steve also talks about finding the right asset mix of stocks, bonds, and appropriate cash reserves.

 

Then, Steve discusses the hidden threat of lawsuits.  It's a growing trend and more common than many believe. Steve looks at specific examples that may put you at risk, and how best to protect yourself and your wealth through liability insurance. Steve details why managing risk is an important part of overall financial planning.

 

Finally, Steve goes full circle on the recent Larry Kudlow media interviews with some interesting audio of Larry being somewhat challenged by his old friend, Fox Business host Neil Cavuto. 

Mar 30, 2018
Steve begins with a look at various types of retirement.  He discusses ways you can determine what's best for you, and how to develop an investment plan for each alternative.  
 
Next, Steve talks about the importance of having life insurance and how it fits into an overall financial plan. He also shares ways to determine just how much life insurance someone should have.
 
Then, Steve and our investment team discuss the current market volatility including some specific sectors that have been hardest hit.
 
Finally, Steve and the investment team discuss current trends in the bond market and compare investing in bond funds to purchasing individual bonds.
Mar 23, 2018

The federal reserve increased its benchmark overnight lending rate this week.  Steve discusses the fed's motivation for the move and what impact a rate hike has on the markets, inflation, and the economy.  Steve also discusses the central bank's plans for additional rate increases during the remainder of this year along with their projection for 2019.

 

Next, Chris Gibbons of the Cordasco Financial Network team discusses the impact of tariffs on international trade, then delves into the many reasons for optimism about the future of our economy.

 

Then, CFN's John Walker and Jim Tate CPA team up to host an informative segment on tax optimization and tax planning.  They discuss several tax related financial planning issues that deserve attention during tax season, and throughout the entire year.  They also discuss several noteworthy tax law changes occurring in 2018.  

Mar 16, 2018

Larry Kudlow has been asked by President Trump to become his next Chief Economic Adviser.  Steve hosted Larry Kudlow here in Philadelphia last year.  Previously, Steve had two opportunities to speak with him at length on the program.  In this segment, Larry talks about his economic philosophies, and his earlier work with Donald Trump as a candidate and as president.    

Next, we head back into the vault to present an in-depth interview Steve did with Larry Kudlow at the time of the release of Larry's best selling book "JFK and the Reagan Revolution: A Secret History of American Prosperity." Steve's discussion with Larry Kudlow is historical in nature, but considering Larry's new position with the Trump administration it has ties directly to today's economic issues.

Then, Steve talks about "your money mind" and ways to determine if you're financially and emotionally ready for retirement, and how best to transition into that phase of life.

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