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Financial Decoder

Financial Decoder

Charles Schwab

Cognitive and emotional biases can have a big impact on your financial life. Each episode of Financial Decoder looks closely at one financial decision--and the biases that might cloud your judgment and cost you money. Host Mark Riepe, head of the Schwab Center for Financial Research, decodes the behavioral and psychological factors at play and shares strategies designed to improve the way you approach financial crossroads. Other experts join Mark to provide their unique perspective on behavioral economics, portfolio management, retirement planning, personal finance and more. Podcasts are for informational purposes only. This channel is not monitored by Charles Schwab. Please visit schwab.com/contactus for contact options.
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Top 10 Financial Decoder Episodes

Goodpods has curated a list of the 10 best Financial Decoder episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Financial Decoder for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Financial Decoder episode by adding your comments to the episode page.

Financial Decoder - How Can You Set Better Goals?
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07/12/21 • 32 min

Financial planning is an ongoing, iterative process. But it always starts with identifying and defining goals. Why are you saving money? When do you plan to retire? How much do you spend now? Are you saving for college? The more specificity that can be added to each goal, the more likely it is to be achieved.

No matter your stage in life, whether you are just starting out saving and investing or are well into your working years with a plan already in place, you need to evaluate your goals regularly. Our circumstances in life often change—and so should our plans.

In this episode, Mark speaks with Cindy Scott. Cindy is a CERTIFIED FINANCIAL PLANNERTM professional and wealth advisor with Schwab in Westlake, Texas. She shares several stories of real investors who have faced challenges when setting or defining their goals.

Financial Decoder is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/FinancialDecoder.

If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts.

Important Disclosures:

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

Investing involves risk, including loss of principal.

Diversification and rebalancing of a portfolio cannot assure a profit or protect against a loss in any given market environment. Rebalancing may cause investors to incur transaction costs and, when rebalancing a non-retirement account, taxable events may be created that may affect your tax liability.

This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.

(0721-1DMP)

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Financial Decoder - How Can You Learn from Your Trading Mistakes?
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04/04/22 • 30 min

In a busy world, the learning process can be difficult for most of us—especially when it comes to complex financial transactions. For one thing, there is a lack of objective feedback for many routine decisions, and of course decision-making biases complicate our supposedly rational thinking. For example, if we see good past returns on an investment, did we get those returns because we were skilled, or did we get lucky? Many people lean towards attributing good trades to skill and bad trades to luck—specifically, bad luck, or forces outside our control. If all of these forces are working against us when we make mistakes, how can we improve our ability to learn from those mistakes?

In this episode, Mark speaks with Randy Frederick, managing director of trading and derivatives for the Schwab Center for Financial Research. They discuss some of the common mistakes investors make when trading—and how to learn from those mistakes. Randy identifies some of the major obstacles: overconfidence, overtrading, buying at the highs and selling at the lows, and playing the all-in or all-out game.

Follow Financial Decoder for free on Apple Podcasts or wherever you listen.

Financial Decoder is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/FinancialDecoder.

If you enjoy the show, please leave us a rating or review on Apple Podcasts.

Important Disclosures

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Supporting documentation for any claims or statistical information is available upon request.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.

Investing involves risk including loss of principal.

Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly. For more information on indexes please see www.schwab.com/indexdefinitions.

Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.

The standard online $0 commission does not apply to large block transactions requiring special handling, restricted stock transactions, trades placed directly on a foreign exchange, transaction-fee mutual funds, futures, or fixed income investments. Options trades will be subject to the standard $.65 per-contract fee. Service charges apply for trades placed through a broker ($25) or by automated phone ($5). Exchange process, ADR, foreign transaction fees for trades placed on the US OTC market, and Stock Borrow fees still apply. See the Charles Schwab Pricing Guide for Individual Investors for full fee and commission schedules. Multiple leg options strategies will involve multiple per-contract fees.

This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.

Diversification, asset allocation, and rebalancing strategies do not ensure a profit and do not protect against losses in declining markets. Rebalancing may cause investors to incur transaction costs and, when a nonretirement account is rebalanced, taxable events may be created that may affect your tax liability.

When considering a margin loan, you should determine how the use of margin fits your own investment philosophy. Because of the risks involved, it is important that you fully understand the rules and requirements involved in trading securities on margin. Margin trading increases your level of market risk. Your downside is not limited to the collateral value in your margin account. Schwab may initiate the sale of any securities in your account, without contacting you, to meet a margin call. Schwab may increase its "house" ma...

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When the market drops quickly, many investors scramble for the exits. Yet that decision is usually an emotional one rather than a rational one. In this special bonus episode, Mark Riepe discusses some tools that can help you stay the course with your plan. Mark talks with David Koenig, vice president and chief investment strategist for Schwab Intelligent Portfolios. They discuss how you can use rebalancing, tax loss harvesting, and other strategies to your advantage during a down market.

Subscribe to Financial Decoder for free on Apple Podcasts or wherever you listen.

Financial Decoder is an original podcast from Charles Schwab.

If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts.

Important Disclosures:

Please read the Schwab Intelligent Portfolios SolutionsTM disclosure brochures for important information, pricing, and disclosures related to the Schwab Intelligent Portfolios and Schwab Intelligent Portfolios Premium programs.

Schwab Intelligent Portfolios® and Schwab Intelligent Portfolios PremiumTM are made available through Charles Schwab & Co. Inc. (“Schwab”), a dually registered investment advisor and broker dealer. Portfolio management services are provided by Charles Schwab Investment Advisory, Inc. ("CSIA"). Schwab and CSIA are subsidiaries of The Charles Schwab Corporation.

Schwab Intelligent Portfolios® and Schwab Intelligent Portfolios PremiumTM are designed to monitor portfolios on a daily basis and will also automatically rebalance as needed to keep the portfolio consistent with the client’s selected risk profile. Trading may not take place daily.
The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions.

Diversification, periodic investment plans (dollar-cost-averaging), and rebalancing a portfolio cannot assure a profit or protect against a loss in any given market environment. Rebalancing may cause investors to incur transaction costs and, when rebalancing a non-retirement account, taxable events may be created that may affect your tax liability.

This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.

Roth IRA conversions require a 5-year holding period before earnings can be withdrawn tax free and subsequent conversions will require their own 5-year holding period. In addition, earnings distributions prior to age 59 1/2 are subject to an early withdrawal penalty.

Investing involves risk including loss of principal.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

Indexes are unmanaged, do not incur management fees, costs and expenses, and cannot be invested in directly.

Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.

Google Podcasts and the Google Podcasts logo are trademarks of Google LLC.

Spotify and the Spotify logo are registered trademarks of Spotify AB.

(0420-03US)

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Financial Decoder - How Should You Give to Charity?
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11/25/19 • 38 min

Throughout the holiday season, you might encounter dozens of appeals for charity. If you decide to give, or if you donate throughout the year, how can you maximize the impact of your gift? In this episode, Mark talks with Kim Laughton, president of Schwab Charitable, a nonprofit organization established with the support of Charles Schwab & Co. to make charitable giving simpler and more tax-efficient.

They discuss direct cash gifts, donor-advised funds, private foundations, and other ways of giving—and which types of investors can benefit from each approach.

You can learn more about the science behind why helping others makes us feel good on the “Happiness” episode of Choiceology with Katy Milkman.

Subscribe to Financial Decoder for free on Apple Podcasts or wherever you listen.

Financial Decoder is an original podcast from Charles Schwab.

If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts.

Important Disclosures:

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

Schwab Charitable is the name used for the combined programs and services of Schwab Charitable Fund, an independent nonprofit organization. Schwab Charitable Fund has entered into service agreements with certain affiliates of The Charles Schwab Corporation.

A donor's ability to claim itemized deductions is subject to a variety of limitations depending on the donor's specific tax situation. Consult your tax advisor for more information.

This information does not constitute and is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, Schwab Charitable recommends consultation with a qualified tax advisor, CPA, Financial Planner or Investment Manager.

The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.

Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.

Google Podcasts and the Google Podcasts logo are trademarks of Google LLC.

Spotify and the Spotify logo are registered trademarks of Spotify AB.

(1119-98G9)

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Financial Decoder - How Much Should You Borrow?
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10/28/19 • 22 min

In today’s world virtually everyone participates in the economy as either a borrower or a lender, and most people are both. If you’ve ever put money in a bank, then you’re a lender. If you’ve ever used a credit card, then you’re a borrower. In this episode, Mark Riepe talks with Carrie Schwab-Pomerantz about the liability side of your personal balance sheet—debt. Of course, not all debts are the same.Among the topics Mark and Carrie discuss are “good” debt versus “bad” debt, paying off debt before you retire, and a handy rule of thumb for managing your personal debt level.

You can read more about the exponential growth bias and personal finance in this study.

Subscribe to Financial Decoder for free on Apple Podcasts or wherever you listen.

Financial Decoder is an original podcast from Charles Schwab.

If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts.

Important Disclosures: The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Supporting documentation for any claims or statistical information is available upon request.

Examples are hypothetical and provided for illustrative purposes only. They are not intended to represent a specific investment product.

Investing involves risk, including loss of principal.

This information is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner or investment manager. Please consult with your tax advisor on the deductibility of home equity line of credit interest payments for your specific tax situation.

This offer is subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an obligation to lend. Loans are subject to credit and property approval. Other conditions and restrictions may apply. Hazard insurance may be required. Program terms and conditions are subject to change.

Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.

Google Podcasts and the Google Podcasts logo are trademarks of Google LLC.

Spotify and the Spotify logo are registered trademarks of Spotify AB.

(1019-95Z8)

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share episode

When the market drops quickly, many investors scramble for the exits. Yet that decision is usually an emotional one rather than a rational one. In this special bonus episode, Mark Riepe discusses some tools that can help you stay the course with your plan. Mark talks with David Koenig, vice president and chief investment strategist for Schwab Intelligent Portfolios. They discuss how you can use rebalancing, tax loss harvesting, and other strategies to your advantage during a down market.

Subscribe to Financial Decoder for free on Apple Podcasts or wherever you listen.

Financial Decoder is an original podcast from Charles Schwab.

If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts.

Important Disclosures:

Please read the Schwab Intelligent Portfolios SolutionsTM disclosure brochures for important information, pricing, and disclosures related to the Schwab Intelligent Portfolios and Schwab Intelligent Portfolios Premium programs.

Schwab Intelligent Portfolios® and Schwab Intelligent Portfolios PremiumTM are made available through Charles Schwab & Co. Inc. (“Schwab”), a dually registered investment advisor and broker dealer. Portfolio management services are provided by Charles Schwab Investment Advisory, Inc. ("CSIA"). Schwab and CSIA are subsidiaries of The Charles Schwab Corporation.

Schwab Intelligent Portfolios® and Schwab Intelligent Portfolios PremiumTM are designed to monitor portfolios on a daily basis and will also automatically rebalance as needed to keep the portfolio consistent with the client’s selected risk profile. Trading may not take place daily.
The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions.

Diversification, periodic investment plans (dollar-cost-averaging), and rebalancing a portfolio cannot assure a profit or protect against a loss in any given market environment. Rebalancing may cause investors to incur transaction costs and, when rebalancing a non-retirement account, taxable events may be created that may affect your tax liability.

This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.

Roth IRA conversions require a 5-year holding period before earnings can be withdrawn tax free and subsequent conversions will require their own 5-year holding period. In addition, earnings distributions prior to age 59 1/2 are subject to an early withdrawal penalty.

Investing involves risk including loss of principal.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

Indexes are unmanaged, do not incur management fees, costs and expenses, and cannot be invested in directly.

(0722-2FAC)

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Financial Decoder - How Can You Steer Your Portfolio Through a Recession?
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10/31/22 • 41 min

Anyone who has invested for more than a few years has seen their share of bear markets, bull markets, down economies, and recessions. But each circumstance is different. Heraclitus said that you can't step into the same river twice: The person is different, and the river is different.

When the economy turns downward, what are some strategies you should keep in mind? What's the context around the current market and macroeconomic conditions?

In this episode, Mark Riepe interviews Schwab's chief investment strategist, Liz Ann Sonders.

A few of the issues Mark and Liz Ann discuss include:

  • How and why we label the economy as being in a recession;
  • What an "earnings recession" and a "rolling recession" are;
  • Inflation and interest rates;
  • Unemployment, the housing market, and many other topics.

Follow Financial Decoder for free on Apple Podcasts or wherever you listen.

Financial Decoder is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/FinancialDecoder.

If you enjoy the show, please leave us a rating or review on Apple Podcasts.

Important Disclosures

Investors should consider carefully information contained in the prospectus or, if available, the summary prospectus, including investment objectives, risks, charges, and expenses. Please read it carefully before investing.

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions.

Investing involves risk including loss of principal.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.

Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly. For more information on indexes please see www.schwab.com/indexdefinitions.

The National Bureau of Economic Research (NBER) is a private, nonpartisan organization that facilitates cutting-edge investigation and analysis of major economic issues.

(1022-27JC)

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Financial Decoder - How Is the Market Correlated to the Economy?
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07/27/20 • 31 min

Illusory correlations occur when people think a correlation between two variables exists, and that correlation, in reality, either isn’t there at all, or it’s much weaker than is commonly believed. One illusory correlation that affects investors right now is the correlation (or the lack thereof) between the performance of the economy and the performance of the stock market.

Which indicators really help investors understand the state of the market and the direction of the economy? In this episode, Mark Riepe interviews Schwab’s chief investment strategist, Liz Ann Sonders. Mark and Liz Ann discuss leading and lagging indicators, illusory correlations, how investors can measure valuation and prices in the market over the short term and long term, and other issues.

Subscribe to Financial Decoder for free on Apple Podcasts or wherever you listen.

Financial Decoder is an original podcast from Charles Schwab.

If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts.

Important Disclosures:

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.

Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly. For more information on indexes please see www.schwab.com/indexdefinitions.

Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.

Correlation is a statistical measure of how two investments have historically moved in relation to each other, and ranges from -1 to +1. A correlation of 1 indicates a perfect positive correlation, while a correlation of -1 indicates a perfect negative correlation. A correlation of zero means the assets are not correlated.

Diversification and rebalancing a portfolio cannot assure a profit or protect against a loss in any given market environment. Rebalancing may cause investors to incur transaction costs and, when a nonretirement account is rebalanced, taxable events may be created that may affect your tax liability.

Investing involves risk, including loss of principal.

Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.

Google Podcasts and the Google Podcasts logo are trademarks of Google LLC.

Spotify and the Spotify logo are registered trademarks of Spotify AB.

(0720-0AKJ)

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Financial Decoder - How Should You Invest $1,000?
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05/18/20 • 6 min

Imagine you’ve received a $1,000 windfall—a special bonus from work, or a gift, or even a small inheritance. Maybe you’ve never invested before, and you think now is the time to start. Or maybe you’ve already got a small portfolio, and you’re wondering what the smart thing is to do with this unexpected bit of good fortune.

In this bonus episode, Mark Riepe discusses several approaches for investing $1,000.

Subscribe to Financial Decoder for free on Apple Podcasts or wherever you listen.

Financial Decoder is an original podcast from Charles Schwab. For more on the series, visit schwab.com/FinancialDecoder.

If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts.

Important Disclosures:

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

Investing involves risk including loss of principal.

Diversification strategies do not ensure a profit and do not protect against losses in declining markets.

Schwab Stock SlicesTM is not intended to be investment advice or a recommendation of any stock. Investing in stocks can be volatile and involves risk including loss of principal. Consider your individual circumstances prior to investing.

Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.

Google Podcasts and the Google Podcasts logo are trademarks of Google LLC.

Spotify and the Spotify logo are registered trademarks of Spotify AB.

(0320-0W3E)

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Financial Decoder - Should You Roll Over Your Old 401(k)?
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07/13/20 • 24 min

Leaving a job can be difficult, but understanding what to do with the 401(k) you leave behind shouldn’t add to the difficulty. In this episode, Mark Riepe explores the options available to you if you’ve left your employer but still have a 401(k).

Mark Riepe talks with Nathan Voris, senior managing director at Schwab Retirement Plan Services. They discuss the advantages of various options such as an IRA rollover, an indirect rollover, and doing nothing. In some cases, it might make sense to roll your 401(k) over to your new employer’s plan, but how do you evaluate two different plans to see which is right for you? Mark and Nathan walk you through the details.

Subscribe to Financial Decoder for free on Apple Podcasts or wherever you listen.

Financial Decoder is an original podcast from Charles Schwab.

If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts.

Important Disclosures:

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

A rollover of retirement plan assets to an IRA is not your only option. Carefully consider all of your available options which may include but not be limited to keeping your assets in your former employer's plan; rolling over assets to a new employer's plan; or taking a cash distribution (taxes and possible withdrawal penalties may apply). Prior to a decision, be sure to understand the benefits and limitations of your available options and consider factors such as differences in investment related expenses, plan or account fees, available investment options, distribution options, legal and creditor protections, the availability of loan provisions, tax treatment, and other concerns specific to your individual circumstances.

This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.

Investing involves risk, including loss of principal.

HSA withdrawals that are not used for qualified medical expenses are subject to ordinary income tax and prior to age 65 may be subject to a 20% federal tax penalty.

Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.

Google Podcasts and the Google Podcasts logo are trademarks of Google LLC.

Spotify and the Spotify logo are registered trademarks of Spotify AB.

(0720-03B6)

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FAQ

How many episodes does Financial Decoder have?

Financial Decoder currently has 98 episodes available.

What topics does Financial Decoder cover?

The podcast is about Behavioral Economics, Podcasts, Investing, Education and Business.

What is the most popular episode on Financial Decoder?

The episode title 'Has the Pandemic Changed Your Financial Plan?' is the most popular.

What is the average episode length on Financial Decoder?

The average episode length on Financial Decoder is 30 minutes.

How often are episodes of Financial Decoder released?

Episodes of Financial Decoder are typically released every 14 days.

When was the first episode of Financial Decoder?

The first episode of Financial Decoder was released on Oct 29, 2018.

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