Podcasts by Retire ASAP with Taylor Fike

High Quality, High Interest from 2023-06-15T05:00

The Federal Reserve has been talked about a lot since the pandemic first hit. Inflation has been rising and the general public is unsure if they will keep raising rates to try and curb this. Tay...

Ep 80: The Debt Ceiling Crisis from 2023-05-25T05:00

The debt ceiling has been an issue that's recently been in the news. Many people are wondering if this will have a major impact on the markets as this gets resolved. Taylor and Brad will be disc...

Ep 79: Market Breakdown For 2023 from 2023-05-11T05:00

Taylor and Brad are returning to the podcast after a brief hiatus. The guys will be discussing what has happened in the markets over the past 6 months and the current landscape of the economy. Listen

Ep 78: 2022 in Review and 2023 Outlook from 2022-12-21T05:00

On this episode, Taylor and Brad will discuss the major economic events that happened throughout 2022 and their outlook for 2023.

Important Links:

Monthly Budget:

Important Links:

Ep 76: What Happens To My Money After I Die During Inflation? from 2022-11-03T05:00

Planning out where your money goes when you pass away can be a difficult conversation to have, but it is necessary to optimize your financial plan. On this episode, Taylor and Brad will be discu...

Ep 75: How To Save On Taxes During Inflation from 2022-10-13T05:00

Tax planning is a necessary part of any comprehensive retirement plan. There are some ways we can be tax efficient right now that will also impact our long-term plan. Taylor and Brad will discus...

Ep 74: Investing During Inflation from 2022-09-29T05:00

Investing in the market right now can seem scary to a lot of people. The high volatility is usually viewed in a negative way, but there are some opportunities present right now. Taylor and Brad ...

Ep 73: Budgeting During Inflation from 2022-09-15T05:00

The word "budget" can invoke negative feelings for many people because of the thought that it restricts spending. However, we should be looking at this concept with an open mind and understandin...

Ep 72: Fike Family Fantasy Football from 2022-09-01T05:00

Taylor and Brad have joined in on the fantasy football train as the season is quickly approaching. When the guys were thinking about making a good team in this fantasy league, they realized how ...

Ep 71: Are We In A Bull Market Now? from 2022-08-18T05:00

We've witnessed a recent uptick in the market and now many are wondering if we are about to be in a bull market. However, there are still more economic concerns that have not be resolved quite y...

Ep 70: Where Do I Get Income In This Economy? from 2022-07-21T05:00

The market hasn't been doing the best, but many people still need to generate consistent income for their retirement. Taylor and Brad will discuss some strategies on creating income in a down ma...

Ep 69: Are You Sitting On Cash? from 2022-06-30T05:00

If you have a lot of cash on hand right now, this may be a great buying opportunity in the investment world. Markets are down, which means stocks are on sale and though they could go down more, ...

Ep 68: Haste Makes Waste from 2022-06-16T05:00

Many people are feeling the pain of being in a down market and are making quick decisions that can be detrimental to their portfolios. Taylor and Brad will be discussing the danger of these rush...

Ep 67: Now Is Time For Roth Conversions from 2022-05-19T05:00

Recently, the stock market has been down and many people can't help but feel a little worried. However, we're going to take a positive spin on this situation and talk about why it might be advan...

Ep 66: Emotional Damage - Stay Logical from 2022-04-28T05:00

There are people out there that have strong emotions when it comes to their money. They may panic and want to sell everything when the market takes a dip and want to buy when a stock price is at...

Ep 65: The Metaverse and Investing from 2022-04-07T05:00

The metaverse has been a hot topic in the technology and finance sector. Many people are wondering if this is a great investment opportunity, or if it's safer to just stick to real-world compani...

Ep 64: Am I Going To Be Okay? from 2022-03-10T05:00

The conflict between Russia and Ukraine has sparked fear in investors because some believe that this event will cause a crash in the stock market. While this event may cause some short term vola...

Ep 63: IRA Tax Benefits from 2022-02-24T05:00

Taxes are top of mind for many people right now as we prepare to file for 2021. We thought this would be a great opportunity to discuss some tax rules, strategies, and other considerations that ...

Ep 62: Mutual Funds Vs. ETFs from 2022-02-10T05:00

On today's show we will compare and contrast mutual funds and ETFs. There are a lot of similarities between these two investment vehicles, but which one makes the most sense for your plan? Tune ...

Ep 61: 5 Habits Of Financially Effective People - Buy Low&Sell High from 2022-01-27T05:00

We are wrapping up our current series with a big hitter. To buy low and sell high. As simple as this phrase is, many people have a difficult time getting over their emotions to do this properly....

Ep 60: 5 Habits Of Financially Effective People - Avoiding Emotional Financial Decisions from 2022-01-13T05:00

The best investors are able to put their emotions aside and make smart, financial decisions. This can be difficult for many people to do because our emotions tend to make us reactive and impulsi...

Ep 59: 5 Habits of Financially Effective People - Regularly Consider Risk and Reward from 2021-12-16T05:00

In order to make money in the investing world, you have to take on some risk. The amount of risk you're taking will vary depending on the product and many people don't have a grasp on how much r...

Ep 58: 5 Habits Of Financially Effective People - Annual Reviews from 2021-12-02T05:00

After a much-needed market update in light of the recent coronavirus news, we continue our series, "5 Habits Of Financially Effective People". Habit #2: Annual Reviews. We'll discuss the ins and...

Ep 57: 5 Habits Of Financially Effective People - Long Term Perspective from 2021-11-18T05:00

If we look at affluent individuals, what are the common actions they are taking to be financially successful? Can we categorize certain traits and characteristics that wealthy people share? That...

Ep 56: Catching Up On Retirement Savings from 2021-11-04T05:00

It is widely known that the more you save now, the better off you will be later on. But some people that don't have significant retirement savings are looking at retiring within the next decade....

Ep 55: Is Today The Day To Retire? from 2021-10-21T05:00

Since March of 2020, we have entered a different world and a new normal. These changes have caused many people to wonder if they can retire now. Taylor and Brad discuss some of the situations th...

Ep 54: 5 Dumb Things Smart People Believe - A Lot Of Money Leads To A Great Retirement from 2021-10-07T05:00

On today's show, we discuss the 5th and final dumb thing that smart people tend to believe. It can be easy to work towards a large number and believe that you will be set once you achieve that g...

Ep 53: 5 Dumb Things Smart People Believe - Market Timing from 2021-09-23T05:00

Often times when you turn on the TV or scroll through the internet, there's always someone who promises they can help you time the market for the biggest financial gains. But Taylor and Brad are...

Ep 52: 5 Dumb Things Smart People Believe - My 401(k) Is Enough To Retire On from 2021-09-09T05:00

One of the biggest misconceptions we see about retirement planning revolves around the 401(k). Many people believe that if they match what their employer is putting in, with no extra contributio...

Ep 51: 5 Dumb Things Smart People Believe About Stock Picking from 2021-08-19T05:00

Last week, we focused on a conservative investment, now we shift gears and focus on the riskier side of investments. Many people feel that they can pick a few great stocks and then get rich quic...

Ep 50: 5 Dumb Things Smart People Believe About Annuities from 2021-08-05T05:00

We kick off our new series by discussing the polarizing topic of annuities. Some claim that annuities are the greatest investment on in the world, while others claim that they are terrible. Tayl...

Ep 49: 5 Dumb Things Smart People Believe from 2021-07-08T05:00

Everybody is knowledgeable and well informed about something in life. This could pertain to a career, hobby, etc. However, this does not make you any less susceptible to dumb, or misunderstood i...

Ep 48: How To Avoid Investment Scams from 2021-06-24T05:00

We are no stranger to scams in this day and age. We receive robo calls, emails, texts, that all try to make you give away sensitive information. Not all scams are this blatant. There are people ...

Ep 47: Financial Lessons From Quarantine from 2021-06-10T05:00

As we see the world getting back to some form of normalcy, we are emerging with new habits we have gained over quarantine. Many families found themselves spending on just what they needed and no...

Ep 46: What Do I Do About Inflation? from 2021-05-20T05:00

The topic of inflation has been getting a lot of attention from the mainstream media lately. People are worried that inflation is going to continue to rise and skyrocket. As with any piece of ne...

Ep 45: Personal Finance Stepping Stones, Part 2 from 2021-05-06T05:00

This is the second and final episode of our personal finances stepping stones series. Last time, we discussed the importance of getting debt payed off and starting your emergency fund. Once you ...

Ep 44: Personal Finance Stepping Stones, Part 1 from 2021-04-15T05:00

It can feel overwhelming to know where to start when you are trying to get your personal finances in order. There are many popular financial talking heads promoting different methods and product...

Ep 43: What To Do With Your Stimulus Check from 2021-04-01T06:00

A third stimulus payment recently went out to a large amount of Americans under the American Rescue Plan that was passed. The show has received a few questions about what to do with the stimulus...

Ep 42: Physical Fitness In Retirement With Crossfit Wooster Head Coach Clay Ream from 2021-03-18T06:00

We've discussed many times on the show, the necessity to stay active with your mind in retirement, but it doesn't hurt to also be physically active as well. We sit down with Clay Ream on today's...

Ep 41: Does An Annuity Fit Your Retirement Plan? from 2021-03-04T05:00

Annuities are a hot topic in the financial industry. Some people talk about how much they love them, while others say to stay away from them at all costs. But which side should you believe? Toda...

Ep 40: GameStop, Bitcoin,&Vegas from 2021-02-18T05:00

Taylor and Brad discuss the recent stock market madness involving Gamestop, as well as the trend of bitcoin trading. They acknowledge the short-term success that these new movements have present...

Ep 39: Making Your Destination Postcard from 2021-02-04T05:00

We have made it to part 3 of our Retire ASAP Quickguide series! In our last 2 parts we discussed the importance of taking an inventory and analyzing our assets. The heavy lifting is done, and no...

Ep 38: Retiring ASAP With A Portfolio Analysis from 2021-01-21T05:00

This is part 2 to our Retire ASAP Quickguide series. Now that we have taken inventory of our assets, we need to analyze them and see if they are still a good fit for our retirement plan. Taylor ...

Ep 37: How Taking An Inventory Can Jumpstart Your Retirement from 2021-01-07T05:00

2020 is finally behind us and with a new year comes new goals. We are kicking off a 3 part series called the Retire ASAP Quick Guide that's aimed to help you jumpstart your retirement. Today we ...

Ep 36: 4 Things To Set You Up For Financial Success In 2021 from 2020-12-17T05:00

As the year winds down, it's important to set ourselves up for success not only in personal growth, but also with our finances. 2020 has been a rollercoaster of a year with many events no one co...

Ep 35: A Purpose In Retirement - A Case Study With Brad Fike from 2020-12-03T05:00

On the last podcast, we talked about the need to have a purpose in retirement in order to get the most enjoyment out of it. It's no doubt that purpose takes on many different forms in our lives ...

Ep 34: Getting To A Meaningful Retirement, Part 1 from 2020-11-19T05:00

It's not uncommon to see people work hard for many years in order to reach for the ultimate goal of retirement. But what will your purpose shift to once you reach that goal? Taylor and Brad sit ...

Ep 33: How To Afford A Nursing Home Without Going Broke from 2020-11-05T05:00

Long-term care is a subject that most people don't like to discuss. Many don't think that they will be put in that situation, but that couldn't be further from the truth. Taylor and Brad break d...

Ep 32: The Presidential Election and Your Retirement from 2020-10-15T06:00

This year's election is on the horizon and many people have strong emotions and opinions going into it. Emotions can take over during this time and cause people to make unwise financial decision...

Ep 31: Designing An Income Plan To Last from 2020-10-01T06:00

In order to retire comfortably and confidently, you need an income plan to carry you through retirement. Often times, people have a certain number they would like to reach before they can retire...

Ep 30: How To Be A Successful Investor from 2020-09-17T06:00

The media loves to spread the idea that it's possible to get rich quickly by investing in a couple of companies. But the truth is that becoming a successful investor is a longer term process and...

Ep 29: Can You Retire Tax-Free? from 2020-09-03T06:00

One of the most overlooked parts of retirement planning is taxes. Do you know how taxes will affect your retirement savings, or your Social Security benefits? Tune in to find out what strategies...

Ep 28: John Russell Home and Auto Insurance from 2020-08-20T06:00

On this episode we invite John Russell to the podcast. John is a Farmers Insurance agent who specializes in home and auto insurance. Taylor and John talk about his philosophy and the importance ...

Ep 27: Affordable Healthcare Before Medicare from 2020-08-06T06:00

Some people have an ambitious goal to retire early, but there are considerations we need to take into account. What if they retire before they are able to qualify for Medicare? Taylor and Brad w...

Ep 26: When Should I Take My Social Security? from 2020-07-16T06:00

As the years have gone by, Social Security has become more complex and complicated. Knowing when it's appropriate to start taking Social Security is a crucial part of any retirement plan. Taylor...

Ep 25: Things To Consider When Buying A House from 2020-07-02T06:00

For many people, a house is one of the biggest purchases they will make in their lifetime. So it's important to know what is expected in the buying process. Taylor and Brad have recently gone th...

Ep 24: Should I Own Real Estate In My Retirement Plan? from 2020-06-18T06:00

Many pre-retirees wonder if part of building a successful and diverse portfolio includes real estate. Taylor and Brad will dive into the pros and cons of owning real estate and investing in real...

Ep 23 :Talking to Your Spouse About Retirement With Torrey Fike from 2020-06-04T06:00

We invite a very special guest to this week's episode, Taylor's wife, Torrey Fike! Many people do not know how to bring up the conversation of retirement to their spouse, or the right questions ...

Ep 22: Should I Pay Off My Mortgage Before I Retire? from 2020-05-21T06:00

This episode kicks off a new 3-part series on home ownership. One of the most common concerns that pre-retirees encounter is paying on a mortgage in retirement. Taylor and Brad will give us the ...

Ep 21: Can You Still Retire This Year? from 2020-05-07T06:00

It's no secret that the media has been sensationalizing the recent drops we have witnessed in the market and now many people are worried they will not be able to retire for another 5-10 years. T...

Ep 20: The Best Strategy For Withdrawing Income From Your Portfolio from 2020-04-16T06:00

There's a lot of misleading information floating around about overly simplified strategies for withdrawing income in retirement. So what is the best method for withdrawing your income, and how m...

Ep 19: How To DESTROY Your Retirement from 2020-04-02T06:00

During these uncertain times with the coronavirus pandemic, it's easy to panic and make rash, emotion-based decisions with your finances. So let's talk about what to do, what not to do, and how ...

Ep 18: Tax Planning, Part 3 from 2020-03-19T06:00

Today's episode is going to wrap up our conversation on tax planning. We look at the different types of tax preparers and what situations call for each type. In addition, we look at what differe...

Ep 17: Tax Planning, Part 2 from 2020-03-05T05:00

This is our second installment of our tax planning series. On this episode we will focus on how to leave money to your beneficiaries in a tax efficient manner. We also discuss how recent news ha...

Ep 16: Tax Planning, Part 1 from 2020-02-20T05:00

Tax season is officially upon us, so we are kick-starting a three part series on taxes. Today we discuss some misconceptions about that refund check many individuals may be receiving and we will...

Ep 15: The Retire ASAP Process, Part 3 from 2020-02-06T05:00

This is the final part of us breaking down our Retire ASAP Process. We focus on a fictional client couple and talk through how we would guide them through our process and how they can keep their...

Ep 14: The Retire ASAP Process, Part 2 from 2020-01-23T05:00

On today's show, we discuss step 2 of the Retire ASAP Process. Now that we have evaluated what we want out of retirement, it is important to take inventory on what we already have in order to wo...

Ep 13: The Retire ASAP Process, Part 1 from 2020-01-09T05:00

It is important to know what you want out of retirement and to be able to set some goals for yourself when you are in this phase of life. Brad Fike joins us on today's show to discuss the first ...

Ep 12: Goal Setting For The New Year from 2019-12-19T05:00

As the end of the year comes to a close, many people like to set goals for the upcoming year. Today's show focuses on a few steps that might make achieving your goals for the new year a little e...

Ep 11: RMDs from 2019-12-05T05:00

Today's show revolves around required minimum distributions. Taylor will break down what this term means, how it works, and possible problems people may run into when dealing with this facet of ...

Ep 10: Attitude Of Gratitude from 2019-11-21T05:00

As we get into the holiday season, you may hear more people talking about the importance of gratitude. It is important to keep this same idea when it comes to your finances. Perspective matters ...

Ep 9: When Life Ruins A Financial Plan from 2019-11-07T05:00

There is no doubt that life can take many unexpected turns. Getting laid off from your job, a family emergency, so many different scenarios can happen throughout the course of your life. Today's...

Ep 8: How To Handle Market Declines from 2019-10-24T06:00

We are in an uncertain time period with all of the political tension and negative news coverage surrounding the markets. It is important to understand the reality of declines that happen when yo...

Ep #7: How To Create A WINNING Budget from 2019-10-03T06:00

Budgeting can seem to be such an important part of life. People usually need to budget for items such as houses, cars, and children. It can be overwhelming to think about being able to afford th...

Ep #6: Portfolio Design - Measuring Risk from 2019-09-19T06:00

This episode is the third installment of the Portfolio Design series. Risk is a huge factor to consider when designing any portfolio, but how do you know if you're taking on too much, or too lit...

Ep #5: Portfolio Design - Why International? from 2019-09-05T06:00

We continue our discussion last week on how to design a portfolio. This time we key in on international investing. There are a plethora of articles that explain why you should not invest in inte...

Ep #4: Portfolio Design - Benefits Of A Market Correction from 2019-08-15T06:00

Do you wonder what investments you should or shouldn't be in? We'll talk about some of the details behind that conversation as we analyze how to design a portfolio. And a market correction might...

Ep #3: The Power Of Tax-Free Income: Frequently Asked Questions from 2019-08-01T06:00

Hopefully after our last two episodes, you're really starting to see the benefits of tax-free income. So now, we'll take a look at some of the most common questions Taylor receives about tax-fre...

Ep #2: The Power Of Tax-Free Income: Social Security And Health Insurance Savings from 2019-07-18T08:35:23

On our previous episode, we discussed the importance of having tax-free income in retirement. But now, let's dive a little deeper. Taylor will show us how both your Social Security benefits and ...

Ep #1: The Power Of Tax-Free Income: Long Term Roth Benefits from 2019-07-18T08:33:37

When in comes to retirement planning, it's crucial to understand how taxes will affect you now and in the future. So let's take a look at some of the most common retirement savings accounts out ...