Category Archives: Finance

Episode 21 – Questions To Ask When Interviewing Financial Advisors – Part 2



It can be intimidating talking to a financial advisor and that is why you should always be prepared to ask the right questions. 

In the second part of a two-part series, Mike Guarino recaps the questions from episode 19, and dives into the other seven most important questions. Mike also provides listeners with additional advice that will help when asking those tough questions. 

In this episode you will learn:

  • Each financial advisor has different qualifications
  • How the relationship works with clients
  • Mikes’ investment philosophy
  • What an asset allocation is
  • What investment benchmarks are
  • And more!

Tune in to hear more of those important questions to ask your financial advisor!

Resources: Guarino Wealth Management | Mike Guarino | Questions To Ask When Interviewing Financial Advisors – Part 1


Episode 20 – Questions To Ask When Interviewing Financial Advisors – Part 1



Are you having trouble finding a financial advisor that fits your needs?

In part one of this mini-series, Mike Guarino gives an overview of three out of the ten most important questions clients are asking him during the interview process. Mike provides listeners with tips for finding a financial advisor that you can trust with your financial accounts.

In this episode you will learn:

  • Why you should be asking advisors if they are an ‘accredited investment fiduciary’
  • The different pay structures for financial advisors
  • How to find out what your ‘all-in costs’ are when working with a financial advisor
  • Tips for asking questions during the advisor interview process
  • And more!

Tune in to start asking those important questions to pick the best financial advisor for you!

Resources: Guarino Wealth Management | Mike Guarino 


Episode 19 – Shifting Gears for Retirement into Distribution Mode – Part 2



If you did all the right planning through the accumulation mode, you will eventually reach the distribution mode where your retirement plan kicks into effect. 

In part two of this mini-series, Mike Guarino gives a glimpse into what distribution mode is and how Guarino Wealth Management lines up the investment strategy. 

In this episode you will learn:

  • What the distribution mode is in retirement planning
  • How your accumulation-based plan becomes your distribution-based plan 
  • How decisions impact opportunity costs 
  • The importance of having a flexible plan
  • And more!

Learn how to transition into the distribution mode in a reasonable timeframe!

Resources: Guarino Wealth Management | Mike Guarino


Episode 16 – How to Avoid Forgetting During Important Times



While it is not completely possible to avoid forgetting the important stuff, there are tools to help manage these financial situations. 

In this episode, Mike Guarino discusses his approach to using checklists and flowcharts to help change people’s lives, improve efficiency and simplify any situation.

In this episode you will learn:

  • How dependent we are on the internet
  • The differences between checklists and flowcharts
  • Both techniques benefits to optimize your outcomes
  • How to identify the best situations to use these tools
  • And more!

Tune in to stay on track towards achieving your ideal financial goals!

Resources: Mike Guarinio | Guarino Wealth Management


Episode 15 – Checking Your Assets During Election Season



While everyone needs good portfolio results, it’s crucial to pay attention to diversification, especially in an election year.

In this episode, Mike Guarino highlights the importance of checking in with your financial team to make sure you are positioned where you want and need to be during election season to avoid fallout from market volatility. 

In this episode, you will learn:

  • The ten things you should know about politics and investing
  • The science that goes into portfolio construction
  • The arguments of modern portfolio theory 
  • Why diversification is not always found in stocks 
  • And more!

Tune in to discover the importance of assessing your assets before the election! 

Resources: Mike GuarinoGuarino Wealth Management | The 7 Pitfalls of Retirement e-Book | 10 Things You Should Know about Politics and Investing


Episode 13 – Financial Planning For Now and For Your Future – Part 5



Financial planning is a fantastic way to build wealth for your future and for your retirement. But it is also a great tool to solve any current financial issues or ensure you are in good financial standing.

In the final part of this financial planning mini-series, Mike shares his final tips for financial planning, explaining how planning helps to build wealth and helps you to live comfortably now and in the future. 

In this episode, you will learn:

  • How a financial plan can help you build your wealth 
  • How to easily understand credit card interest payment percentages 
  • How to manage and tackle interest rate payment debts
  • The benefits of financial planning 
  • And more!

Tune in to learn why financial plans are so important for your lifetime! 

Resources: Guarino Wealth Management | Part 1 | Part 2 | Part 3 | Part 4


Episode 12 – A Financial Plan Can Help You Identify and Prepare for Risks – Part Four



There are numerous benefits of having a financial plan. A couple of them include helping you prepare and identify for risks. 

In part four of this mini-series about financial planning, Mike Guarino discusses risk planning, financial analysis, and security in your financial plan.

In this episode, you will learn:

  • What a gap analysis is and how it is used to evaluate risk
  • The benefits of building a term policy at a young age 
  • What transfer on death (TOD) is and how it helps beneficiaries 
  • How a catch-up contribution supports adults after they reach age 50
  • And more!

Tune in to learn how financial planning helps identify risks!

Resources: Guarino Wealth Management


Episode 9 – The Benefits of Financial Planning: Part 1



“Will I be prepared to retire at age ___?”

 A financial advisor can help you answer that question AND show you how to get there.

In this new mini-series, Mike Guarino explains the benefits of financial planning. You will learn how an advisor can help you articulate your goals and figure out if they’re realistic for your retirement timeline.

In this episode, you will learn:

  • The five steps of financial planning 
  • The benefits of outsourcing your financial planning
  • The differences between goals, wants, and wishes
  • And more!

Tune in now to learn about the many perks of financial planning!

Resources:  Mike Guarino | Guarino Wealth Management 

 


Episode 8 – Exploring Our New Norm



The COVID-19 pandemic has affected nearly every human on the planet. How have social distancing regulations changed our physical, professional, financial, and personal lives? 

In this episode, Mike Guarino shares his experience as a financial advisor in the time of COVID-19, highlighting how he’s adapting to this new reality and what the “new norm” looks like for many others.

In this episode, you will learn:

  • How financial advisors are coping with social distancing measures
  • The role of earnings when the markets are facing down
  • The importance of online collaboration between clients and advisors 
  • Mike’s predictions on a possible recession and other economic situations
  • And more!

Tune in now to hear Mike’s insight on the current and future financial landscape!

Resources:  Mike Guarino | Guarino Wealth Management 


Episode 7 – 7 Financial Challenges That IT Executive and Professionals Face: Part 3



While you might feel a great sense of pride in the company you work for, the company stock might not be the right fit for your portfolio.

In this episode, Mike Guarino explains why IT professionals tend to hang onto company stocks, what risks come with being over-concentrated, and how to move towards diversification.

In this episode, you will learn:

  • Reasons why IT professionals are hesitant to sell company stocks
  • How investors use taxes to justify for holding onto a stock
  • Why you shouldn’t keep a stock just because it pays a good dividend
  • And more!

Tune in to learn why it’s time to move towards diversification!

Resources:  Guarino Wealth Management | Email | Free Report: The 7 Financial Challenges IT Executives and Professionals Face