Tag: Wealth Management

Are You Ready for a 30% US Stock Market Decline? (Ep. 32)

Are You Ready for a 30% US Stock Market Decline? (Ep. 32)

How would you react if the US stock market suddenly dipped by 30% or even 50%? The unpredictability of financial markets can be intimidating, but fear not—there are ways to prepare and to protect your portfolio.

Join host Adam Scott, CFP® as he dives into the volatile world of market declines, addressing common investor fears and discussing the importance of mindset and a well-planned portfolio. Adam shares real-life anecdotes and valuable insights that challenge the knee-jerk reactions to headline-grabbing news events. You’ll gain a deeper understanding of why unexpected events, like AI’s influence on the market or significant political trends, can be opportunities in disguise… whilst the real dangers may lurk beyond the headlines… and how to protect yourself from them.

Adam discusses: 

  • The reality of unexpected market downturns and how to handle them [00:00:54]
  • The dangers of reacting to headline news and its fleeting nature [00:03:15]
  • Why mindset matters more than market predictions [00:09:14]
  • How market declines can benefit your portfolio [00:14:24]
  • Understanding valuations and their important role in investment decisions [00:18:42]
  • And more!

Connect with Adam Scott, CFP®

Is Life Insurance a Good Investment Vehicle? (Ep. 28)

Is Life Insurance a Good Investment Vehicle? (Ep. 28)

Life insurance products are often marketed as essential tools for financial planning, but are they really the best solution for everyone?

How do popular strategies like Infinite Banking and Rich Man’s Roth measure up for real retirement security? What financial moves make sense as you age and your financial needs shift?

In this episode of Red Carpet Retirement, Adam Scott addresses the pros and cons of life insurance as a retirement tool and debunks some of the myths and sales tactics that promote it.

From understanding when life insurance is truly necessary to recognizing alternative savings options, Adam provides a clear view of what works and what may not.

Adam discusses: 

  • His encounter with a hybrid advisor promoting a questionable life insurance strategy
  • How permanent life insurance works and common misconceptions
  • The downsides and complex nature of Index Universal Life policies
  • Pros and potential benefits of tax-deferred growth within life insurance
  • The truth behind the “Be Your Own Banker” concept
  • And more!

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