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No Dumb Questions with Connell McShane and Doug Flynn, CFP
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No Dumb Questions with Connell McShane and Doug Flynn, CFP

Author: Connell McShane and Doug Flynn, CFP

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Join veteran journalist Connell McShane, and veteran financial advisor Doug Flynn, CFP, on a quest toward financial literacy as they discuss news you can use to educate yourself on personal finance and investment strategies.

10 Episodes
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Send us a text In this special edition of the No Dumb Questions podcast, Connell McShane and Doug Flynn discussed the importance of financial literacy, long-term investing, and the cyclical nature of the market. They emphasized the need for portfolio rebalancing and diversification, the importance of separating short-term and long-term money, and the importance of staying calm during market fluctuations. They also encouraged listeners to reach out with any questions and to stay informed throu...
Send us a text Doug and Connell discussed the importance of financial literacy and basic steps to improve it, emphasizing the need to start early and take advantage of employer-matched retirement funds. They also highlighted the importance of managing credit card debt, building a retirement account, creating an emergency fund, and paying off debt starting with the lowest balance credit card. The conversation concluded with a discussion on the importance of financial literacy, with April being...
Send us a text This podcast covered discussions on the changing political landscape and its impact on business and investment, particularly focusing on the shift in perception of the Democratic party and the influence of the tech industry on politics. The conversation also explored the mindset of successful business people, their political affiliations, and the importance of understanding the political landscape without letting personal views cloud judgment. Additionally, the participants tou...
Send us a text This podcast focuses on the importance of various types of insurance, with a particular emphasis on homeowners insurance and its coverage options. Discussions included the need for understanding policy basics, considering factors like deductibles and bundling for discounts, and following the 80% rule for adequate coverage. The conversation also touched on life insurance options and the challenges of affording insurance for families with children. Homeowners Insurance Coverage ...
Send us a text Connell and Doug discussed the importance of early retirement planning, particularly through 401(k) plans, and the allocation of money in retirement plans. They also explored the challenges of retirement planning, comparing pensions and 401(k)s, and suggested ways to replicate a pension through investing. The conversation concluded with a discussion on the importance of self-reliance and having a plan for retirement. Retirement Savings by Generation In this episode of the podc...
Send us a text Connell and Doug discussed year-end tax planning strategies, including the benefits of selling off "losers" in investment portfolios to save on taxes and setting up a self-employed retirement plan. They also emphasized the importance of considering tax implications when making investment decisions, such as selling stocks with gains to offset losses. Additionally, they discussed the tax implications of gifting money to family members and the potential benefits of prepaying prope...
Send us a text Connell and Doug discuss the potential impact of Donald Trump's presidency on the stock market and the economy, including the effects of lower corporate tax rates and tariffs. Trump's Presidency and Economic Impact Doug suggested that Trump's administration might lead to less regulation in energy and financial sectors, which could result in increased mergers and acquisitions. He also noted that the economy is in good shape, with the consumer being a significant contributor. Ho...
Send us a text Connell and Doug discussed the potential impact of the upcoming election on the stock market and investment strategies, emphasizing the importance of taking a long-term view. They also touched on the historical accuracy of presidential campaign promises, the potential effects of Trump's proposed trade policies, and the impact of tax changes on small businesses and the stock market. Lastly, they addressed the anxiety surrounding the election, attributing it to the polarized natu...
Send us a text In Episode 2 of No Dumb Questions, Connell McShane and Doug Flynn, CFP, share practical tips for financial success that they wish they knew when they were 22! Learn why starting early is key to building wealth, the power of compound interest, and how small, consistent savings can lead to becoming a millionaire. They also break down how to approach retirement savings like 401(k) plans and give advice on handling raises wisely. Tune in for actionable insights on managing your mon...
Send us a text Join veteran journalist Connell McShane and veteran financial advisor Doug Flynn, CFP, as they discuss the recent interest rate cuts by the Federal Reserve and their implications for consumers and investors, emphasizing the importance of financial literacy. They also explored the current interest rate environment and its implications for investments, with Doug suggesting that good companies with strong earnings would likely continue to perform well regardless of the election ou...
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