Jumping The Wealth Curve

May 19 2024
Jumping The Wealth Curve Podcast artwork

As a Senior Wealth Advisor at Smallwood Wealth Management, Ed specializes in creating financial plans to help you reduce your risks in retirement.  His overall objective is to try to produce a more predictable outcome before and during retirement. Each week Ed talks about the many complexities everyone faces in retirement.  His objective is to help you better understand and be prepared to enjoy your "golden years".

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Growth - The Final Step In Wealth Creation

May 19 2024 15 mins  
In this episode, Ed Bao discusses the importance of the growth component in wealth creation. He emphasizes the need to prioritize protection and savings before focusing on growth. Ed explains that the protection component addresses risks such as death and disability, while the savings component ensures a solid financial foundation. He then delves into the different aspects of the g

Savings: The Start To Financial Independence

May 02 2024 24 mins  
In this episode, Ed Bao discusses the importance of the savings component in financial planning. He explains the different parts of savings including checking accounts, savings accounts, certificates of deposit (CDs), money market accounts, credit union accounts, annuities, Roth IRAs, traditional IRAs, and 401(k) accounts. Ed highlights the pros and cons of each component and empha

Protection! Don't Leave Home Without It

Apr 17 2024 16 mins  
SummaryIn this episode, Ed Bao discusses the importance of the protection component in a financial plan. He emphasizes that protection is the first and most crucial step in building wealth. Ed explains that the protection component includes various types of insurance and he also mentions government protection programs like social security and Medicare. Ed highlights the need for a

2024...Where Has The Time Gone?

Mar 29 2024 19 mins  
In this episode, Ed Bao provides a market update for the first quarter of 2024. He discusses the performance of various indices and the unusual relationship between interest rates and the stock market. He also talks about the Federal Open Market Committee (FOMC) meeting and the projected rate cuts for the year. Ed also emphasizes the importance of financial planning and diversifica

Making Market Volatility Your Friend

Mar 19 2024 20 mins  
In this episode, Ed Bao discusses the concept of making market volatility your friend. He starts by introducing the idea of financial pressures and how they can be both positive and negative. He then focuses on the investment side of financial planning and the importance of becoming friendly with market volatility. Ed shares historical data on market returns and intra-year declines

Building The Ultimate Financial Product

Feb 28 2024 20 mins  
In this episode, Ed Bao and Rob Marks discuss the attributes of the ultimate financial product. They cover topics such as tax breaks, performance, trust in company and product, easy access to funds, transparency, contribution limits, money outside the product, fees and costs, estate planning and inheritance, long-term care benefits, and creditor protection. They explore how a whole

Let Yourself Be Free to Unlock Your Retirement.

Feb 12 2024 23 mins  
In this episode, Ed Bao discusses the importance of unlocking your retirement potential and the role of financial planning in achieving a stress-free retirement. He emphasizes the need to control what you can control and build contingencies into your plan for unpredictability. Ed highlights the significance of focusing on income streams and understanding your lifestyle and expenses

The Tax Man Cometh

Jan 31 2024 30 mins  
One of the constants in American life is taxes. In this episode, Ed Bao discusses the role of taxes in eroding wealth and explains the importance of tax planning in retirement. He cautions against relying solely on qualified accounts and deferring taxes, as this strategy may not always result in a lower tax bracket in retirement. Ed talks about the importance of considering a balan

The Secret Sauce Of Retirement Savings

Jan 17 2024 34 mins  
In this episode, Ed Bao emphasizes the importance of the savings component in a financial plan. He talks about giving yourself a gut check and really evaluate your financial plans at the beginning of the year. You need to understand the factors that affect the savings rate, such as taxes, inflation, planned obsolescence, and technological change. Ed talks about emphasizing the need

Why The Wealth Curve Is So Important

Jan 10 2024 14 mins  
In this episode, Ed Bao discusses the importance of the wealth curve in financial planning. He explains how the wealth curve was born and how it serves as a simulation tool and laboratory, allowing clients to see the impact of different variables on their financial plans. Ed emphasizes the core concepts of reducing taxes, risk, and fees, while increasing wealth, benefits, retiremen