Simply Money presented by Allworth Financial

This episode of Simply Money, hosted by Bob Sponseller and Brian James, dives into the critical importance of staying invested during market volatility, using the dramatic 10.5% two-day drop in April 2025—triggered by President Trump's 'Liberation Day' tariff announcement—as a case study. The hosts emphasize that missing just a handful of the market's best days can cost investors hundreds of thousands, even millions, in long-term gains. They illustrate this with stark data: a $1 million investment in an S&P 500 index fund over 20 years would grow to $7 million if fully invested, but only $3 million if the 10 best days are missed. The episode also addresses the overlooked dangers of scattered 401k accounts, especially as people approach retirement and required minimum distributions (RMDs) kick in. The hosts stress the need for consolidation and fiduciary oversight to avoid costly mistakes, including missed RMDs and misaligned risk profiles. Later, guest Jeannie Young from Gate of Heaven Cemetery underscores the emotional and logistical chaos of end-of-life planning without pre-planning, urging listeners to act early. The episode concludes with actionable advice on Roth conversions, donor-advised funds, and navigating sensitive conversations about estate planning with aging parents.