Financial Fitness

Today, Philip Board and Jon Gay cover estate planning.Who should worry about estate planning?Why do you need estate planning?How do I get a trust?What are the types of trusts out there?Revocable Living Trust vs Irrevocable?What do trusts do?What is probate? How can I avoid it?How much do trusts cost?What happens if I die without a trust?Ultimately, estate planning isn't about you - it's for the ones you care about. You want to make sure that they are in the best position possible - both financially and emotionally.Resources:1 on 1 Financial Website: https://www.1on1financial.com/Email 1 on 1 Financial: info@1on1ofinancial.comCall 1 on 1 Financial at 909-981-17201 on 1 Financial Facebook page: https://www.facebook.com/1on1f/

With all the market volatility we've seen in 2020, we thought today would be a good day to look at financial planning overall.What is financial planning?Why is it beneficial?What are the different areas of financial planning?1 on 1 recently hired a paraplanner to assist clients with creating financial plans, utilizing the most modern technology to keep them continuously updated.Resources:1 on 1 Financial Website: https://www.1on1financial.com/Email 1 on 1 Financial: info@1on1ofinancial.comCall 1 on 1 Financial at 909-981-17201 on 1 Financial Facebook page: https://www.facebook.com/1on1f/

With so much heavy news around us in the age of Coronavirus, today, Philip Board and Jon Gay just had a casual conversation about what their day-to-day is looking like.  We also talk about how the world is changing, and what things may look like post-quarantine.Philip talks about biking (virtually and in real world) and Zoom Happy Hours - Jon talks about a Zoom Bar Mitzvah and getting a dog.Finally, we touch on a separately managed account  that 1 on 1 Financial  has been working on - trying to target companies that have a bright future in our changing world.

Today, Phillip Board from 1 on 1 Financial joins Jon Gay to break down the just-passed Coronavirus Aid, Relief, and Economic Securities (CARES) Act, including:2020 Recovery PaymentsIncreased Unemployment AssistanceTax Filing Deadline DelaysRetirement Account ChangesEnhanced Benefits for Charitable GiftsAdvantages for Student Loan Borrowers and Small Business OwnersFinally, Phillip takes a look ahead to what life may look like, post-quarantine. Resources:1 on 1 Financial WebsiteEmail 1 on 1 FinancialCall 1 on 1 Financial at 909-981-1720

Everyone is talking about the coronavirus, or COVID-19, and the effect it's  having on our daily lives. But what happens when it's gone?  How will our daily lives - both work and personal - be forever changed?  Might some good come from this global catastrophe?  Philip Board and Jon Gay take a closer look. 

The SECURE Act was signed into law December 20th, taking effect on January 1st of this year. Some of the key changes for your financial fitness and future include:Increasing the age for Required Minimum Distributions (RMD's) from 70.5 to 72.Capping the length of the so-called "Stretch IRA" at 10 years.401k plans being offered as an annuity.Phillip Board of 1 on 1 Financial joins Jon Gay to explain each of these top-line items and how they will affect you in retirement.Resources:1 on 1 Financial WebsiteEmail 1 on 1 FinancialCall 1 on 1 Financial at 909-981-1720

Have you made a New Year's Resolution? Is it related to personal finance, personal fitness, or both? As it turns out, there are many similarities between these two types of resolutions.For both areas:Start nowCreate good habitsCreate GoalsBe RealisticResources:1 on 1 Financial WebsiteEmail 1 on 1 FinancialCall 1 on 1 Financial at 909-981-1720

In this month's episode, we break down Alternative Investments, or "Alts."What is an alternative investment?What are some examples of Alternative investments?How do I know if Alts are a suitable investment for me?Is a mutual fund an alternative investment?When would I use an alt in my portfolio?Are alts liquid?What are the risks?What are the fees?Are they liquid ?Resources:1 on 1 Financial WebsiteEmail 1 on 1 FinancialCall 1 on 1 Financial at 909-981-1720

Today, we take a look at the differences between traditional IRA's and Roth IRA accounts, exploring the positives and negatives of each.  We also cover:Tax ImplicationsRoth 401KsThe "5 Year Rule"Contribution LimitsResources:1 on 1 Financial WebsiteEmail 1 on 1 FinancialCall 1 on 1 Financial at 909-981-1720

Opportunity Zones are areas that are designated by mayors and other governmental agencies. From Boston's former "Combat Zone" to the area once known as "Skid Row" in Los Angeles, there are often vast tax incentives that come with investing in these under-performing areas. As a result, investing in Opportunity Zones can be a great way to build your portfolio.  Phillip Board explains in today's episode.Resources:1 on 1 Financial WebsiteEmail 1 on 1 FinancialCall 1 on 1 Financial at 909-981-1720

In our second episode we take a deep dive into the world of annuities - the different types, and the advantages/disavantages to each. Phillip answers the following questions. What are the different types of Annuities? What are the tax benefits of an annuity? Why use an annuity? What are the advantages? What investment options do annuities have? How do we use annuities in our practice? How do I know if an annuity is right for me? What happens to my annuity when I pass away? Resources: 1 on 1 Financial Website Email 1 on 1 Financial Call 1 on 1 Financial at 909-981-1720

In our first episode, Phillip Board talks about where he came from, what makes 1 on 1 Financial different, and an explanation of these topics: What is Modern Portfolio Theory? Asset Allocation vs Tactical The bursting of the 2001 Tech Bubble, and resulting fallout 2008 DOW crash- selling out to cash and clients thanking us for only losing 18% of their money. What is Point & Figure Charting? Sell side discipline? What does this mean? How do we use it in a clients portfolio? Resources: 1 on 1 Financial Website Email 1 on 1 Financial Call 1 on 1 Financial at 909-981-1720

Meet Phillip Board of 1 on 1 Financial in Upland, California. 1 on 1 Financial is a full service financial service, wealth management and insurance protection firm. Phillip explains what makes 1 on 1 Financial different. Resources: 1 on 1 Financial Website Email 1 on 1 Financial Call 1 on 1 Financial at 909-981-1720