On this episode of Tape Talk, we’re going through some of the questions we get the most regarding finances, investments, and your retirement plan. Plus, the first ever Tape Talk Radio live streaming.

The Market is so “high” right now, how could you suggest getting in?

It’s no secret the market has rallied significantly this year. It seems every week the news is filled with headlines about new market highs. If that’s the case, is new money really “buying low, and selling high” here? That depends! Investment returns depend in large part on your timeline. If you’re decades from your investment goal you may be well served with dollar-cost averaging into the market, even here. If your goal is imminent, such as retirement or the kids’ education, then it may be time to assess your financial plan and what allocation is right for you.

If the Fed is raising rates why do you think gold and silver are a good investment?

Precious metals such as gold and silver are often used as a hedge against inflation. If that’s the case it may seem contrary to be buying them as the Federal Reserve is actively moving against inflation. However, we’ll break down a view of the Fed that’s often behind the curve on its interest cycle and how that can affect investors’ portfolios.

Whole life insurance or term insurance?

Simple put, term insurance is generally the best for most people.

How much am I supposed to take out of my IRA at age 70?

Your required minimum distribution (or RMD) begins in the year you turn 70 and a half. Because, of course, 70¬† would be just too simple. Every year from this point on your custodian should do a calculation based on your account balance and your remaining life expectancy. This is the amount the IRS requires you to withdraw that year so they can get some tax on that money you’ve been sheltering in your tax-deferred¬†accounts.

I calculated my required rate of return is 9%, since the S&P returns 10% a year am I ok?

Approaching retirement and hoping to get the same average returns as the S&P? If you can do that you might just be extraordinary. The fact is few people get the actual S&P returns due to transaction fees, taxes, and, most importantly, withdraw rates. This means if you’re required rate of return is approaching that of an all-stock index while you’re a few years from retirement it may be time to revisit your financial plan. You can’t cheat the math, so the sooner you change your expectations the better.