Best Advice Podcast Guys

In this episode of the Best Advice Podcast, host Rob Lovaglio and certified financial planners Austin Fatz-Jacks and Mitchell Allen delve into the Dividend Reinvestment Plans (DRIPs) concept. Responding to a listener's question, they explore how DRIPs work, highlighting their potential as a robust strategy for wealth accumulation during your pre-retirement phase.
The discussion offers insights on leveraging dividends to reinvest in stocks or mutual funds, facilitating a compounding growth effect. As you approach retirement, it also touches on the strategic shift from reinvestment to drawing cash flow from your dividends.
Sponsored by Security Financial Management, tune in for expert advice on optimizing your investment strategy through DRIPs and understanding the tax implications in different account types. Empower your financial journey by learning to keep more of what you earn!

In this episode of the Best Advice Podcast, hosts Rob Lovaglio and Dan LaForest explore the complexities of financial planning amid market volatility. They discuss 'buying the dip,' a strategy for purchasing stocks when prices are low, and how it can benefit both pre-retirement and post-retirement portfolios. They also discuss the importance of strategic planning in navigating unpredictable markets and ensuring a stable future.
Rob and Dan emphasize the role of sacrifice in achieving financial success and stress the significance of understanding your risk tolerance. Drawing parallels to everyday situations, they highlight the necessity of planning for retirement just as diligently as one plans for a vacation or home security.
Engage with expert advice on balancing your 401k investments and aligning them with long-term objectives. Whether you're a passive or active investor, this episode offers valuable insights into making informed financial decisions and safeguarding your family's future.

Welcome to the Best Advice Podcast, where hosts Rob Lovaglio, Austin Fats, Jax, Frank Lovaglio, and Dave Allen dive into the nuances of financial management and living life to the fullest. This episode kicks off with a thought-provoking discussion about making the most of our limited time on Earth, highlighting how often people chase financial goals only to miss out on what truly matters.
The team explores the wisdom of work-life balance, urging listeners not to wait until it's too late to enjoy life. They also dissect a listener's question about the differences between Roth and traditional IRAs, offering insights into how these investment vehicles can play a role in long-term wealth accumulation. With expert opinions and practical advice, this episode provides clarity on choosing the right path for your financial future.
Tune in to learn why the secret to wealth isn't just about what you earn, but what you keep. Whether you're planning for retirement or simply looking to secure your financial freedom, this episode equips you with the knowledge to make informed decisions.

In this episode of the Best Advice Podcast, hosts Rob Lovaglio, Austin Fats Jacks, and Mitchell Walk dive into the complexities of navigating volatile markets as an average day investor. With insights from historical market swings and expert advice, they discuss strategies for maintaining composure and making informed decisions during uncertain times. Learn about the importance of staying the course, potential tax implications of hasty moves, and the necessity of personalized investment plans. Discover how missing just a few key trading days can drastically impact long-term returns and why patience is pivotal in preserving and growing your wealth.
 
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In this episode of the Best Advice Podcast, host Rob Lovaglio discusses the importance of cybersecurity with Frank Lovaglio and Dave Allen from Security Financial Management. As financial threats continue to grow with the rapid expansion of AI, the team underscores the necessity of protecting personal data from cybercriminals.
The discussion includes strategies for safeguarding financial information, recognizing phishing scams, and maintaining vigilance online. The episode also highlights the significance of preventing identity theft by locking credit when not in use and being cautious about oversharing social media. Listen for valuable tips on securing your digital footprint and ensuring financial security.

In this captivating episode, join hosts Rob Lovaglio and Mitchell Walk as they sit down with Ross Greenberg, the legendary former HBO Sports President, to uncover his illustrious career. Renowned for producing iconic sports documentaries, Greenberg shares his remarkable journey, from his beginnings at HBO in 1978 to amassing 56 Emmy Awards. Dive into fascinating stories behind groundbreaking documentaries such as 'Miracle,' 'Hard Knocks,' and 'Dare to Dream,' and discover how Greenberg revolutionized sports storytelling.
This episode also explores Greenberg's experiences working with major networks, his transition to freelance production, and the changing landscape of sports broadcasting, including the rise of streaming platforms. Get insights into Greenberg's approach to crafting compelling narratives, his thoughts on the future of sports media, and his role in shaping the careers of countless athletes and broadcasters.

In this episode of the Best Device Podcast, hosted by Rob Lovaglio and featuring financial expert Suzanne M. Breitwieser-Stopa, RFC®. Delve into the growing phenomenon of gray divorce—where couples over 50 decide to part ways. With divorce rates doubling since the 1990s for women over 50 and tripling for those over 65, this discussion comes at a crucial time.
Suzanne offers invaluable advice on financial planning for those experiencing gray divorce, focusing on the importance of understanding divorce agreements, updating financial accounts, and securing a stable future. Listeners will learn about common pitfalls to avoid and how to plan effectively to navigate this significant life transition.
With firsthand insights from a 62-year-old listener, Christy, who is in the midst of her own divorce journey, this episode provides practical tips for protecting assets, managing emotions, and redefining your legacy in the later stages of life. Tune in to understand the nuances of gray divorce and gain knowledge from experts about financial stability and personal fulfillment in your golden years.

In this episode of the Best Advice Podcast, hosts Rob Lovaglio and Mitchell Walk from Security Financial Management unravel the complexities of international tariffs and their impact on the global economy. Discover insights on how tariffs affect major retailers like Walmart and Target, and the potential ripple effects across various markets.
Learn about the latest tariff announcements targeting China, Mexico, and Canada, and their impact on stock markets worldwide. As breaking news unfolds, we discuss the importance of remaining calm and not making knee-jerk reactions in response to market fluctuations.
Explore how tariffs act as a double-edged sword in international trade, potentially sparking tariff wars, and how companies adapt to these challenges. Tune in to better understand global trade dynamics and gain valuable advice on managing financial assets during uncertain times.

In today's episode of the Best Advice Podcast, Rob Lovaglio, Dave Allen, and Mitchell Wall share expert insights on personal finance, focusing on three essential numbers to track in 2025: expenses, savings rate, and net worth. They delve into the significance of managing fixed and discretionary expenses, maintaining healthy saving habits, and understanding net worth as a measure for retiring comfortably.
The hosts discuss common budgeting pitfalls people encounter, the importance of living within or even below one's means, and how simple changes can significantly impact financial freedom. They emphasize the crucial role of saving a percentage of one's income, the strategic use of credit cards, and the importance of living intentionally to secure a stable financial future.
Tune in to learn how incremental changes in managing these numbers can lead to a more secure and successful path to achieving financial freedom by 2025.

In today’s episode of the Best Advice Podcast, hosts Rob Lovaglio and his dad, Frank Lovaglio, dive into meaningful discussions inspired by Martin Luther King Jr. Day. Reflecting on the power of surrounding yourself with supportive individuals who genuinely care, they share personal anecdotes and memorable quotes that underscore the value of true friendships.
The hosts pivot to the riveting world of sports, showcasing inspiring stories of athletes like Josh Allen and Michael Jordan, whose journeys are testaments to perseverance and self-belief.
In their financial advice segment, they address listener Bill's concerns about the looming expiration of the 2017 tax cuts and its implications on standard deductions and estate taxes. Engaging in a timely discussion, they offer potential strategies for adapting to these changes, emphasizing the importance of consulting with financial experts.
Tune in for an inspirational episode, insightful sports stories, and practical financial guidance.