More Than Money

One of the most common questions that we get is “what is the difference between Roth and regular 401ks?” and “how do I determine which I want?” As more companies offer their employees the choice between a Roth and Regular 401k as a part of their benefits package we thought it was time to break down the difference between the two.

0:49 The question that determines what you should choose between a Roth and Regular 401ks

1:30 How Roth and Regular 401ks are similar

2:23 How Roth and Regular 401ks are different

3:14 Pre-tax accounts and planning retirement

4:03 Things to consider when determining how taxes will impact your money in retirement

4:58 Making the decision between Roth and Regular

Connect with the Sqwire Team and learn how financial wellness can positively impact your day-to-day life and business.

*This episode does not constitute financial advice and is for informational and educational purposes only.

“Sometimes people are reluctant to start investing and a 401k is perhaps the simplest way to just get started because all the work is done for you by your company.”

The days of companies offering pensions are seemingly gone, but the era of 401ks is here. If your company offers a 401k account, you were probably handed a stack of papers about it when you filled out the rest of your orientation paperwork. Did you take time to read through them? Are you taking advantage of the opportunity your company provided you with? If you are pat yourself on the back. If you aren't there's still plenty of time to get yourself signed up and 

This week Casey and Danijel chat 401ks, why Casey loves them, and how you’re losing money if you’re not taking advantage of the 401K you're being offered.

0:49 What’s to like about a 401k

1:44 Contributing to a 401k is investing too

3:07 Free money aka company match

4:21 How valuable is a 401k?

Connect with the Sqwire Team and learn how financial wellness can positively impact your day-to-day life and business.

*This episode does not constitute financial advice and is for informational and educational purposes only.

The rule of 72 might seem a little confusing at first, but once you’ve got it down it is actually pretty simple. When you apply it correctly it will tell you how long it will take you to double your money with your current investment (or how long it will take for that credit card bill to double… yikes). Casey and Danijel explain how the Rule of 72 works and how you can use it.

0:28 How does the Rule of 72 work

0:40 Rule of 72 math

1:21 Calculating the deterioration of your money

1:47 Calculating Investment fees

2:11 Rule of 72 and interest

2:53 Reversing the formula

Connect with the Sqwire Team and learn how financial wellness can positively impact your day-to-day life and business.

*This episode does not constitute financial advice and is for informational and educational purposes only.

By definition “SIPC protects against the loss of cash and securities- such as stocks and bond- held by a customer at a financially-troubled SIPC-member brokerage firm.” If you’re an investor there are a few things you need to make sure you know about SIPC insurance as you go about your investing journey. Casey Halliley joins Danijel to break down what every investor needs to know about SIPC insurance.

0:20 Brief Overview of SIPC Insurance

0:41 How does SIPC Coverage Work?

1:19 Coverage limits

1:36 SIPC vs FDIC

2:13 Maintaining Faith in the Financial System

2:33 Does SIPC protect me against market fluctuations

3:20 Protecting Yourself with Over $500,000

4:21 History of SIPC Claims

5:04 Tips for Protecting Yourself

More on SIPC 

Connect with the Sqwire Team and learn how financial wellness can positively impact your day-to-day life and business.

*This episode does not constitute financial advice and is for informational and educational purposes only.

What if you had an “extra” paycheck just show up in your bank account one month? How would you use that extra money? You could put an extra payment towards debt, you could put it in your rainy day fund, or simply buy that new thing you’ve been wanting. In 2021 if you’re lucky (or get paid bi-weekly) you could be getting an “extra” check on a few occasions.

As we wrap up 2020 on the More Than Money podcast Casey digs into how some people might seem like they’re getting “extra” paychecks on more than one occasion in 2021.

As you set your financial goals for send us a note and let us know! Leave a five-star review and let us know what your goal is and one topic you you want us to cover on an episode and we will read it on air!

*This episode does not constitute financial advice and is for informational and educational purposes only.

When you meet with a financial advisory for the first time you're probably going to have a laundry list of questions to ask. But there's one question that is more important than others. Are they a fiduciary? Before we can dig into why this question is important you need to understand what a fiduciary is.  

Casey Halliley breaks that down in the sixth edition of the More Than Money podcast.

You just decided it’s time to start investing your money but you don’t know what type of account to start with. You've been handed what looks like a menu of options and immediately you regret your decision. It doesn't need to be this way!

Don’t get intimidated by all the choices, just take a few minutes to understand what you are looking for.

Casey Halliley is back to break down some of the most popular types of accounts and what you might want to look into!

Episode Breakdown:

1:25 What are the different types of accounts

1:56 IRAs

3:46 Joint and Individual accounts

4:15 Pre vs post tax

4:44 Rollover accounts

5:44 Investment restrictions

6:40 Business accounts

7:15 Final thoughts

*This episode does not constitute financial advice and is for informational and educational purposes only.

Robo Advisors. They seem to be everywhere these days. From TV ads to your social media to your annoying cousin who keeps talking about the latest stock he bought and what it’s doing (we all have that one person who does that but actually has no idea what they’re doing). If you’re trying to understand just how these work you’ve come to the right place.  

Casey Halliley is back to break robo advisor’s down in quick fashion to help you out!

Episode Breakdown:

0:33 What is a Robo advisor?

1:15 How do you use a robo advisor?

2:47 What are the different types of robo advisors?

4:51 Are robo advisors safe?

5:41 Who are they good for?

*This episode does not constitute financial advice and is for informational and educational purposes only.

If you’ve waded into the world of buying and trading stocks it’s a very good chance that you’ve come across the term ETF. ETF stands for Exchange traded funds. But what exactly does that mean? Simple answer, it’s like a basket of stocks. But don’t get confused because there are indexes and index funds.

Seem confusing? Casey Halliley is back to break ETFs down in quick fashion to help you out!

Episode Breakdown:

0:25 What does ETF stand for?

0:39 The difference between an index and an index fund

1:39 What doe ETFs track

2:19 Simple answer to “What is an ETF?”

2:32 ETF vs Mutual Funds

4:10 Are ETFs cost effective?

4:46 Pros and cons of ETFS

6:20 ETF fun facts

Is there a topic you’re trying to learn more about that you want Casey and Danijel to cover? Send us a message on your favorite social media @SqwireLife. Looking to learn more about the impact customizable financial wellness programs can have on your company? Get in touch with the Sqwire team here.

The IRS recently announced the contribution limits for IRAs in 2021 are staying flat at $6,000. Before you can start to understand what that means though you need to make sure you know what an IRA is and the different types.

0:50 - Understanding an IRA?

1:45- Roth vs. Traditional IRAs

2:00- Contribution Limit for 2021

2:23-What does the contribution limit mean

2:49 - Catch up contributions

3:06- How often do limit increases occur

3:33- Who can contribute to an IRA?

5:02-Three quick tips to consider

Is there a topic you’re trying to learn more about that you want Casey and Danijel to cover? Send us a message on your favorite social media @SqwireLife. Looking to learn more about the impact customizable financial wellness programs can have on your company? Get in touch with the Sqwire team here.

“You should start buying stocks.”

“Stocks are a great way to grow your wealth.”

“I made (fill in the blank) last week when I sold that stock.”

These are all things we’ve heard people say. With investing becoming more and more accessible each day due to apps like Robinhood and Acorns it’s important to understand how the stock market works and what you’re doing before you start investing.

Sqwire VP of Finacial Education Casey Halliley joins host Danijel Velicki to break down just how the stock market works in rapid fashion.

0:34- What is a stock?

0:48- How do you make or lose money with stocks?

1:52- What is a dividend and how often is it paid?

2:04-Stock tickers

3:00 - Three ways stocks are grouped

5:29- Stock exchanges

6:25- Understanding Indexes

Is there a topic you’re trying to learn more about that you want Casey and Danijel to cover? Send us a message on your favorite social media @SqwireLife. Looking to learn more about the impact customizable financial wellness programs can have on your company? Get in touch with the Sqwire team here.