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The Your Life, Your Money Podcast helps you thrive in life, wealth and retirement. The show is designed to navigate the complexities around money, building and securing wealth, and achieving financial independence. Scott Sierens, financial advisor at Sierens Financial Group, will provide thoughts, strategies, and ideas on each episode to help you make smart and sound financial decisions. The goal is to take complex financial subjects and make them simple and easy to understand so you can feel confident to take action, enjoy life, and eliminate financial stress and anxiety.

Scott, along with guests from across various industries, will cover topics such as tax savings strategies, investment and wealth management, IRAs, 401(k)s, retirement planning, income strategies, pensions, estate planning, social security, healthcare, and much more.

Retirement isn't an age or number. It's finding the balance between living life today and feeling financially confident about YOUR tomorrow.

Ask Scott your questions by calling 847-235-6989 or check out our podcast website at for more resources.

Dec 22, 2022

Today’s show is all about answering your financial questions and we have four great ones for you that cover a few important topics.

We’re going to answer questions about annuities, which is a product that not everyone understands. We’ll also talk about what to do if you come into a surplus of income, whether that’s from a work bonus, inheritance or real estate transaction. And finally, we’ll discuss where you should be focusing your money in terms of account types and how you should allocate your contributions to these different retirement saving options.

Here’s some of what you’ll learn in this episode:

  • I have an annuity that I bought 9 years ago and it will mature in a year, right around the time my wife is scheduled to retire. I’ll have the option of turning it into a lifetime income or moving it into a different investment altogether. Which should I do? (3:09)
  • My twin boys will be heading to college in a few months. Which thing should I place a higher priority on—their education or my retirement? (11:48)
  • My house is already paid off, but I’m about to sell it and downsize to a condo that’s about $100,000 cheaper. Should I just put the money I make during this transition in the market? (15:35)
  • Should I be completely maxing out my 401(k) and Roth IRA before opening a taxable brokerage account? Or is there a benefit to opening a separate brokerage account to provide more flexibility? (21:30)


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