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Invest in Knowledge is a monthly podcast about all things financial with CERTIFIED FINANCIAL PLANNER™ John Gigliello of the Albany Financial Group, based in Albany, NY. Through the course of his business, as well as this podcast, John takes an educational approach to financial planning, aiming to leave listeners with the insight they need to successfully shape their financial futures. After all, as Benjamin Franklin said, "An investment in knowledge always pays the best interest." Securities are offered through LPL Financial, member SIPC (www.SIPC.org). Investment advice is offered through Private Advisor Group, a registered investment advisor. Private Advisor Group ad Albany Financial Group are separate entities from LPL Financial. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. This is a hypothetical example and is not representative of any specific situation. Your results will vary.The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing.
18 Episodes
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Picture this: Your wife or partner and you are driving along one day, rushing about to tackle the numerous errands you have planned for the busy morning. Back home, your two daughters are working to finalize their plans for a birthday party for their favorite uncle. Your errands take you all over town, and the Saturday morning traffic is starting to build. And then suddenly, in the blink of an eye, your car is struck in the passenger side, t-boned at a busy intersectio...
The choices for Medicare coverage can be overwhelming and mistakes people make when choosing Medicare options can be costly for a lifetime. In this episode, CERTIFIED FINANCIAL PLANNER™ John Gigliello talks with local industry expert Chris Amorosi about how to avoid the 5 most common mistakes people make when choosing a Medicare plan.
Interest rates have never looked better for savers. But you shouldn’t put all your eggs in one basket, or in this case, CD.With the Federal Reserve’s recent quarter percentage point rate hike, interest rates have reached a new high. At 5.25% to 5.5%, this is the highest the benchmark federal funds rate has been since 2002. This era of higher interest rates makes borrowing money expensive, but it can also make saving money lucrative. Interest rates may be near a cyclical peak, creati...
Making economic forecasts and stock market predictions can be humbling. It’s especially tough when you expect stocks to go higher and get a big drop instead. The environment today is the opposite, but still tricky, as recession hasn’t followed the chorus of predictions. In some ways, figuring out what to do now that stocks have gone up is as difficult as considering what to do when stocks are down. Today’s more fully valued stock market is pricing in an increasingly optimistic outlook fo...
Inheriting a house can be a blessing. OR a curse. The difference is in the PLANNING as there will be tough emotional and financial decisions to make when the time comes.Hi, I’m John Gigliello, Certified Financial Planner with the Albany Financial Group and you’re listening to Invest in Knowledge, a podcast about all things financial. After a life-altering health issue at age 39, my calling in life became clear: To share my knowledge of personal finance with PEOPLE who are looking to make smar...
The Setting Every Community Up for Retirement Enhancement Act of 2019, popularly known as the SECURE Act, was signed into law in late 2019.Now called SECURE Act 1.0, it included provisions that raised the requirement for mandatory distributions from retirement accounts and increased access to retirement accounts.But it didn’t take long for Congress to enhance the landmark bill that was enacted barely three years ago.Tucked inside a just-passed 4,155-page, $1.7 trillion spending bill are plent...
Record high home prices and escalating mortgage rates are combining forces to put home ownership out of reach for some Americans.In fact, May of this year was the most expensive month since 2006 to buy a home, according to the National Association of Realtors’ housing affordability index. The affordability index, which takes into account median existing home prices, median family incomes and average mortgage rates, was close to its lowest level since July 1990.This has caused some buyers to g...
The price of college keeps climbing. In fact, the cost of a bachelor degree at some of the most popular private universities now exceeds $300,000! The average cost of college in 2021 came in at $27,330 for in-state public schools and $55,800 for private universities, as reported by the college board. That is for ONE year of tuition, fees, room and board. But you don’t have to sacrifice your own retirement nest egg to pay for your child’s dream school for fear that his/her life won’t...
Colleges are priced like airline tickets. Everybody pays a different price. But at least on airlines, you might get a more comfortable ride if you pay more. Paying a lot more could get you a first-class seat. Paying a little more could get you an aisle seat near the front or a seat on the exit row with better legroom. But if you pay a higher price for a college, you won’t get any extra perks for that. Your child won’t have smaller classes or be entitled to more face time with profe...
Fifty years ago, in 1972, the price of a gallon of gasoline was approx.$.36 per gallon. When I filled up my gas tank the other day, I paid $4.25 per gallon. That’s an increase in price of almost 1,100%. Twenty-five years ago in 1997, a dozen eggs would have cost you $1.06. Today, the average price for those same eggs cost $2.58 in New York. That’s an increase of 143% over those 25 years. In March of 1997, the price of a one-day admission ticket at Disneylan...
Do you struggle with the many different types of investment products available to the average consumer? Have you ever felt that you needed to be a Wall Street veteran or have an MBA from Harvard to have a fighting chance of success with all of these different investments? Well, you are certainly not alone. The most common questions that I have consistently received over time revolve around the investment world and in particular, investment products. In today’s podcast,...
Do you struggle with the basic concepts of our country’s income tax system? Do you cringe at the thought of filing your income taxes every year, hoping that you won’t be audited? Ever wonder why your friends get large refunds every year while YOU have to pay? Well, you’re not alone. Millions of citizens are literally baffled each and every year by the progressive income tax system in the United States. And I can’t say that I blame them. According to the non-profi...
Is there anyone you know that does NOT own a credit card? Think about that for a moment. Did you ever have a conversation with someone about general money matters and perhaps you were talking about a recent purchase of some interest? And maybe then they replied with a purchase experience of their own, but mentioned that they either paid for the product or service with cash, check or they just postponed the purchase? I’m guessing not very often….perhaps never. Now...
Nearly 2/3 of Americans rate money and work as significant sources of stress in their lives, according to the American Psychological Association.And because money is such a common source of stress, as well as a difficult or uncomfortable topic for many to discuss, we often tend to minimize the stress by avoiding consciously thinking of how we use money. (Just think about all of the cash-free forms of payment people use today). But people who don’t retain at least some awareness of their ...
What we’ve found over the years is that when people go through the generational planning process, they experience two things: The first is great relief that it is done. The second is new excitement and renewed energy to focus on the non-financial aspects of generational planning.This is the reflective part. It’s not legal and it’s not business. It’s the part where we get to look back on our personal journey and share the stories that we carry in our hearts. This is our gift to the next genera...
Have you ever thought about where you might be in the next 5, 15, 25 years? I mean really thought about it….so much so that you actually carved time out of your busy day, put pencil to paper and recorded your thoughts in a notebook or journal. And I don’t just mean where you might want to be physically, mentally or spiritually but, financially as well. I’m guessing not too many people are raising their hand. For those of you who are, congratulations! You are in the vas...
Two seconds…That’s how often someone becomes a victim of identity theft. Last year, there were more than 14 million victims of identity theft and fraud. Are you one of those 14 million? Has your personal information been exposed in a data breach or hack?The statistics say, “Most likely.” New threats are exposed every day. Even as we sit here now, a vast array of cyberattacks are pounding at the walls of security networks built to protect you and your digital persona on the Internet....
· Am I at risk of a cyberattack?· What can I do NOW to save taxes next April?· Does it matter if I have assets in my name vs my child’s name for financial aid purposes? · Is a Roth IRA a good idea? What should I invest in? · Should I be donating stocks and bonds instead of cash for my charitable contributions? ...
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