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Traditionally people feel that the bond market is a safer place to put money than the stock market. But recent swings in the market have highlighted the risks of both the bond and stock markets. Listen to this timely podcast I on what is happening with the bond market, and why bond prices might drop. Should you buy or sell bonds now? And remember while maintaining bans on social distancing and quarantine guidelines, it is imperative for all of us to strengthen our social bonds however we can. Please send an email with your feedback on the show and/or the markets: doug@profile-financial.com

Tim Prosch, author of The Other Talk, discusses why he wrote his book. The Other Talk refers to the conversation every parent should have with their adult children about their end-of-life wishes. It’s hard to have these conversations, and Tim’s book is meant to be a catalyst to begin this important dialogue. You’ll hear the negative consequences of what may happen if you avoid this talk, and get practical pointers on how to get the discussion rolling. Invest for your children’s future Are you thinking about investing money for your kids so you can give them a milestone gift for graduation or a wedding? Planning a milestone gift can be difficult for parents. Doug offers a smart way to invest in order to have enough cash at life’s milestones. Learn how to set up investments for your children, so they won’t have access to the money before the intended time. Avoid the common mistakes parents make when they invest in their kids’ futures. Doug covers some of those mistakes and has some useful strategies in planning

Doug speaks about the corona virus, the global economy, market volatility, and your investment allocation. Despite the ban on amusement parks, we are on a roller coaster ride. Buckle up, and tune in for this special update. Full disclosure: I washed my hands before recording this episode.

Do you own stocks, and if you do, do you understand stocks? Some people don’t even know they own stock! For instance, if you are a mutual fund owner, you might also own stocks. Since you may be a hidden stock owner, it’s important to understand how stocks work. Doug explains what a stock is, how to pick the right stock for your portfolio, and how “price earnings ratio” affects stock prices. Jackson Grant Investment Advisors Chief Investment Officer, Julie Jason, joins the show to discuss how to ask the right questions before making an investment decision. After all, different people need different investments, so you should ask the questions that are appropriate for you. Learn why risk and goal setting are the cornerstones of investment decisions. Don’t get fooled by “fool's gold” dividends! Doug explains dividends and why high dividends are often a trap. Learn how it’s easy to be fooled by high dividends. How can you determine if a high dividend is worth the risk?   To learn more about stocks visit www.profi

The Retirement Answer Man Roger Whitney shares his insights on investment risk and how having the right retirement plan makes all the difference. Life is messy, and you can’t always prepare for a crisis. Roger explains his “barbell strategy” of investing and offers a lot to think about while you build your portfolio. What is the meaning of “risk” in the investment world? Doug and Roger explore this question and the answer might surprise you! Risk is a key ingredient in investing, and Doug and Roger have sound advice on the subject. Also, listen for the three questions you should consider when looking for a money manager. To hear more about Roger’s retirement tips, go to The Retirement Answer Man. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook, The Retirement Planning Book.

Do you agree with the pundits who predict a global market crash? Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., and Joe Saul-Sehy, host of the Stacking Benjamins podcast, discuss what should take priority: planning for retirement or planning for potential economic disaster? Should your estate plan include a trust? Is creating a trust appropriate for your estate plan? Learn about the ramifications of trusts on probate, inheritance, and maintaining control of your assets. Listen to Joe Saul-Sehy on www.moneytreepodcast.com and www.stackingbenjamins.com.  Follow him on Twitter @AverageJoeMoney

Spending money can be an educational experience. Joe Saul-Sehy, host of the Stacking Benjamins podcast, and Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., discuss how to turn a shopping trip into an enjoyable personal finance lesson. Find out how to teach your kids how to make better choices about spending money. Should you ask a financial advisor for references? When a professional provides client references, will you get an objective opinion? Douglas Goldstein, CFP®, explains what you need to look for when choosing a financial advisor. Learn why references may not be the best benchmark for excellence, and how to check a financial advisor’s credentials online. Click here for an article on how to pick a financial advisor. Listen to Joe Saul-Sehy on www.moneytreepodcast.com and www.stackingbenjamins.com.  Follow him on Twitter @AverageJoeMoney

Did growing up during the 2008 recession cause millennials to distrust the financial system? Millennial financial expert Amanda Abella, author of Make Money Your Honey, discusses the unique issues facing millennials with Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd. Why do so many young people have financial fears? How can they overcome them and begin investing? Find out what millennials need to know in order to plan for the future. Don’t use email for financial transactions Emails and other quick forms of messaging leave open the possibility of miscommunication. Douglas Goldstein, CFP®, shares an example of what happened when an email with financial instructions was misunderstood and gives advice on how to communicate effectively with your financial advisor. Follow Amanda Abella at www.amandaabella.com and on Twitter @amandaabella

How much does your address affect your chances of reaching financial independence? Personal finance blogger Pauline Paquin discusses the importance of considering where you live when deciding upon retirement. She tells cross-border financial advisor Douglas Goldstein, CFP®, why she moved from her native France to Guatemala. Find out which financial steps you need to take if you relocate before retirement. Find your magic number to reach retirement Is there a magic amount of savings that enables you to retire? What factors, other than age, should be taken into consideration when determining when and where you’ll retire? Find out five important questions that you need to ask yourself - and your spouse. Follow Pauline Paquin at: www.reachfinancialindependence.com    and on Twitter @RFIndependence

Good investment advice reflects the big picture, taking into account an investor’s goals. Eric and Wendy Nissan, co-founders of DIY.FUND, discuss with Douglas Goldstein, CFP®, why investors – and their advisors -- need a holistic approach to managing money. Find out why practicing trading with investment simulation games won’t help you deal with the reality of working with the financial markets. What is the hardest part of personal finance? The hardest part of investing is not being able to predict the future. The easy part is the paperwork. Douglas Goldstein, CFP®, explains how technology is making financial paperwork easier to deal with. Follow Eric and Wendy Nissan at: www.diy.fund and on Twitter @Diyfund

Is there a way to be certain that you will always have enough money to follow the retirement lifestyle of your choice? Personal finance commentator Jane Bryant Quinn, author of How to Make Your Money Last: The Indispensable Retirement Guide, explains why there is no magic formula for retirement planning and how one of the keys to making your money last is to “right-size” your expectations. Can the economy change for the better? Doug Goldstein, CFP®, talks about looking at the longer-term view of the world economy. Can things get better? Will you benefit from the world’s future abundance? Get a more optimistic outlook on the world economy, and find out what Doug learned from Peter Diamandis, author of Abundance. Follow Jane Bryant Quinn at: http://janebryantquinn.com and on Twitter @JaneBryantQuinn

As life expectancy continues to increase, what can you do to make your money last longer? Douglas Goldstein, CFP®, cross-border investment advisor, speaks with Steve Vernon, researcher at the Stanford Center for Longevity and author of Money for Life: Turn Your IRA and 401(k) Into a Lifetime Retirement Paycheck and Recession-Proof Your Retirement Years.  Get an overview of the various long-term income options available to you when you retire. Three things to do in 2017 to become financially secure Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., shares three simple steps that you can take this year to stay financially secure. Find out what these steps are on today’s financial podcast. Follow Steve Vernon at www.restoflife.com

As time is a valuable commodity, why do people undervalue it? Roger Whitney, CFP®, host of The Retirement Answer Man podcast, discusses the connection between saving time and saving money. Find out why spending hours just to save a few dollars can cost a fortune in the long run. Is it fair to say investing in stocks is like gambling? Financial planner Douglas Goldstein, CFP®, and guest co-host Linda P. Jones, host of the Be Wealthy and Smart podcast, talk about placing bets, beating the odds, the stock market, and gambling. What is the best way to increase your odds at making a profit in the market? Why do people equate gambling with buying stocks, and why are they wrong? Follow Roger Whitney at: http://rogerwhitney.com/ and on Twitter @Roger_whitney Follow Linda P. Jones at: http://www.lindapjones.com/ and on Twitter @LindaPJones

How can you boost your credit score? Liz Weston, columnist at NerdWallet and author of Your Credit Score: How to improve the 3-digit number that shapes your financial future, explains why your credit score is important, what it’s used for, and how to build it. Learn responsible ways to use a credit card, so it won’t hurt your credit rating. How to invest in a low-interest environment Doug Goldstein, CFP®, discusses how investors can lose money by leaving it in the bank. Why are low interest rates harmful to your investments? Discover the most effective ways to invest your money and stay ahead of inflation. Follow Liz Weston at http://asklizweston.com and on Twitter @lizweston.

Does your teen know how to balance a checkbook or other basic points of financial literacy? Mindy Ajzner, founder of Chaim BePlus, an organization that teaches personal finance skills to young people, discusses what teenagers need to know about keeping track of their money. Many teenagers have no idea about how banks work, budgeting, or bill paying, and as a result can fall into the cycle of debt from an early age. Learn how to become fiscally responsible with a personal mentor. Listen to the podcast for details about joining the program. Do you understand your insurance policy? Financial literacy is an issue with adults too. Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., shares what happened when one of his clients bought the wrong insurance policy. Find out the questions you need to ask your insurance agent before you buy a policy. Download free tools to help you gain a better understanding of your pension plan. Follow Mindy Ajzner at http://www.chaimbeplus.org to get information on

How does retiring in Israel compare with retiring in other countries? Liora Bowers, director of Policy Analysis at the Taub Center for Social Policy Studies in Israel, explains why retirement planning in Israel is based on work-based pensions rather than on relying on bituach leumi. Find out why most Israeli retirees have better health coverage than they would in the United States, and what you need to know about nursing care for the elderly. How can you benefit from economic growth? As living standards improve how can you personally benefit from global economic growth and make more money? On today’s financial podcast, Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd. shares tools to help you build your wealth. Follow the work of the Taub Center at www.taubcenter.org.il, on Facebook at Taub Center, and on Twitter @TaubCenter

Cyber crime is on the rise. How can you keep your money safe? James Lyne, global head of security research at the security firm Sophos, explains how to protect yourself and your money against the malicious codes that hackers create every day. Discover: Why individual investors are targeted more often than banks and large companies The most common tactics that cyber criminals use What could happen if a scammer steals your email login and password What should you do at the end of the fiscal year? There are a few financial steps you should take at the end of 2016. Doug Goldstein, CFP®, explains what tax-loss harvesting is and why it’s often done before the New Year. How should you get your financial plan ready for January? What specific items do you need to review? Follow James Lyne on Twitter @jameslyne and watch his TED talk here.

It is possible to achieve financial freedom after a string of failures. Nearly every successful entrepreneur and investor has a “failure story” to tell. John Lee Dumas, host of the Entrepreneur on Fire podcast, explains the difference between using failure to make a comeback and giving into despair. Learn how to persevere and use your failures to build success.  Listen to get guidance on how to handle business partnerships and your marriage when money problems strike. How to handle your money when you move abroad What happens to your investments when you move overseas? How do you access your funds? Doug Goldstein, CFP®, discusses the importance of using a brokerage company that is comfortable with overseas clients. It is vital to stay on top of your finances even from a distance. For more information on managing your money from abroad, download the Profile Toolkit at: www.Profile-Financial.com/toolkit Follow John Lee Dumas on https://thefreedomjournal.com/ and on Twitter @johnleedumas

Is being frugal the best way to ensure financial stability? Steve and Annette Economides, authors of America’s Cheapest Family Gets You Right on the Money, show how frugality can be fun, and why avoiding debt is the best tactic for financial stability. Discover how the Economides family became known as “America’s Cheapest Family.” How to create a solid financial foundation for your family Building a financially secure home is a family matter. Show host Doug Goldstein, CFP ® and his wife, BatSheva, discuss how they manage their family finances. Get a glimpse into how they make financial decisions and how they teach their children to manage their spending and saving. Follow Steve and Annette Economides at http://www.moneysmartfamily.com and @SteveEconomides.

Economist Arthur Laffer, creator of the "Laffer Curve" and author of Return to Prosperity: How America Can Regain Its Economic Superpower Status, explains why high taxes don't necessarily produce more income for the government. Find out why the next U.S. government should consult with the Laffer Curve in order to create prosperity and growth. How should you invest to increase income? Governments can increase income through taxation, but individual investors need to think about others ways to generate wealth. Douglas Goldstein, CFP®, discusses how to invest when markets hit rock bottom and describes investing strategies in order to achieve long-term goals. Don’t forget to sign up here for the upcoming free webinar on how the U.S. elections may affect your retirement savings. Send your questions to Arthur Laffer at: drlaffer@laffer.com