Finance Speaks

Is taking a loan from your retirement plan a good idea or a bad idea? Check out this video to find the answer along with 6 reasons to support that answer. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

No one is ever ready to leave this earth but having a plan for your family after you are gone is something that you can have ready.  As mentioned in the video, you can download a copy of our Asset Inventory Packet at https://preceptwm.com/legacy-planning-the-asset-inventory-packet for FREE!  Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

Those pesky IRS calls always seem to come in at the most inopportune but you know what the good news is? The IRS does not make random calls so tune in to see some of the most popular phone scams!  Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

 As you make your plan for your future it is extremely important to work with a financial professional because they should be able to give educated and well-practiced guidance.  Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

There are many things that need to be planned as you get closer to retirement. This weeks video takes a look at the different types of insurance you will need to explore in your pre and post retirement planning.   Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

This is one of my favorite videos! What are your living options when you get older and retire? You may think that the only options are nursing homes or assisted living but behold there is another option! An option that lets you see the world!  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

Are you ready for 2020? Are your finances ready? This week we discuss ways to get your finances in shape as the new year approaches. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

You prepare for vacation, you prepare for disasters, you prepare for your future BUT do you prepare for a medical emergency? Where are you going and what are you doing when a medical emergency arises? Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

Do you want to donate money to a charity or organization after your death but you don't know how to properly set that up? This week we explore planned giving and how it could actually be adventitious. 

This video is the fifth in the 5 video series covering "Your Employer Sponsored Plan".  Geared towards employees of governmental, not-for-profit and public school employees, this video explains the mechanics of the plan.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

This video is the fourth in the 5 video series covering "Your Employer Sponsored Plan".  Geared towards employees of governmental, not-for-profit and public school employees, this video explains the mechanics of the plan.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

This video is the third in the 5 video series covering "Your Employer Sponsored Plan".  Geared towards employees of governmental, not-for-profit and public school employees, this video explains the mechanics of the plan. Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

This video is the second in the 5 video series covering "Your Employer Sponsored Plan".  Geared towards employees of governmental, not-for-profit and public school employees, this video explains the why you should contribute to an employer sponsored plan.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

This video is the first in the 5 video series covering "Your Employer Sponsored Plan".  Geared towards employees of governmental, not-for-profit and public school employees, this video explains the mechanics of the plan.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

Digital Workshop: Retirement Steps for Texas Public School Employees - Working After Retirement, Investment Strategies, The 3 Little Piggy Banks, and Social Security.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

Digital Workshop: Retirement Steps for Texas Public School Employees - The Breakdown, The Enrollment Application, Cost of Coverage & Coverage Perimeters, and The Coverages.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

Digital Workshop: Retirement Steps for Texas Public School Employees - The Breakdown, The Enrollment Application, Cost of Coverage & Coverage Perimeters, and The Coverages.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

Digital Workshop: Retirement Steps for Texas Public School Employees - General Information about the PLSO and Partial Lump Sum Options.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

Digital Workshop: Retirement Steps for Texas Public School Employees - Retirement Packet Arrival, Understanding the Retirement Estimate, and Annuity Options.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

Digital Workshop: Retirement Steps for Texas Public School Employees - Requirements for Retirement, Service Credits, Where Do I Begin?, and Starting the Retirement Process. Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

 | After 2 of our clients were exposed to a scam targeting time share owners, we felt it necessary to do a video in efforts to reduce more being caught in the scammers' web.  For one client, the scammer took $85,000.  The other got lucky and we were able to identify the scam before she could be taken advantage of. Please let us hear your stories.  The only way to combat these scam artist is education of our peers.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

 | Investments can be confusing! Qualified, Roth, IRA, Mutual Fund...what does it all mean?!?! This week's video aims to help you get a better understanding of the different investment types.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

Medicare is so confusing! A, B, C, D...what does it all mean? This video breaks down what each part of Medicare does and aims to help you get a little less confused.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

Strategic and tactical sound like they would be similar but that is far from the truth. These are two ways of investing that have been debated on which is better for years. This weeks video breaks down the differences between the two and helps you see which is the best for your circumstances.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

Have you ever wondered how your health habits might be affecting your hard earned dollar? Find out on this weeks episode of Finance Speaks.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

Married women, do you know the one thing you should do before you retire? Find out in this weeks video! Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

You see what I did there? I think that may be my next book - kidding - sort of. Seriously though, winning the lottery can change your life and these are some tips on how to navigate that big new world of wealth. In this special edition, I am joined by Chris Hensley, a fellow financial advisor and the host of the podcast Money Matters.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

How do you select a Financial Advisor? You are trusting this person with your future. This video covers some good points on what to look for when you are looking for a Financial Advisor. Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

As the title states, this video is about the financial steps that should be taken before a divorce happens. I know it is not a fun topic but it is an important one. No one wants to get caught off guard financially as they are moving into this new period of their life.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

There is always something that comes up that you did not budget for and you have to get it taken care of. That's where having an emergency fund comes in handy but how much should you have in it? Where should you put it?  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

For some the thought of college is daunting. Finances, grades, extracurricular activities - it's exhausting! In this 2 part video series, we take a look at how to get your children ready for college financially.   Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

For some the thought of college is daunting. Finances, grades, extracurricular activities - it's exhausting! In this 2 part video series, we take a look at how to get your children ready for college.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

You are ready to retire but have you thought about the expenses that will change once you enter retirement? This week's video touches on the different expenses that may go up and those that may go down during retirement. Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

This next installment of Finance Speaks discusses why you need a written retirement plan and why it is important to have one.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

In this weeks video, I wanted to answer a question I received via email and I knew that she was not the only one with this question. How do you know when it is the right time to retire with a pension system? Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

We received this question regarding "rolling over" someone's previous employer's 401k into their current employer's 457 plan.  Is this allowed?  What should the person be aware of any penalties or restrictions?  What should they know before doing this rollover?  Because we find this to be commonly asked question, we thought that it may be beneficial to address the question on Finance Speaks. Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

There is always a reason that someone cannot start investing for retirement and it is usually the lack of extra money. With  these 10 money saving tips, I hope that we can help you start to save.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

After Houston was hit with Hurricane Harvey, you heard lots of stories about the shady contractors stealing money and running. Here are 3 things you must do when you are hiring a contractor and they may just keep you from getting taken advantage of.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

Kyle Sadler goes through the 10 common mistakes that retirees make. You do not want to make these mistakes so give this episode a listen and make sure you are prepared for what is to come.  Legal Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.