Podcasts about financial planning

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  • 2,187PODCASTS
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Best podcasts about financial planning

Show all podcasts related to financial planning

Latest podcast episodes about financial planning

Keen on Retirement
Change is Constant with Financial Planning, But We've Got You Covered

Keen on Retirement

Play Episode Listen Later Dec 1, 2021 32:56


As my team at Keen Wealth Advisors starts looking ahead to 2022, there are things we know, and things we don't know. On the one hand, year-end announcements from the Social Security Administration, the IRS, and the Centers for Medicare and Medicaid Services have allowed us to start making some more detailed projections as we prepare for the year ahead. But with a new COVID-19 variant circulating, inflation on the rise, and legislation still under debate in Washington that could affect taxes and retirement accounts, we have to maintain flexibility as well. As we discuss on today's show, history tells us that financial planning requires a delicate balance between making the most out of the present and laying the groundwork for success in the future.

Cortburg Speaks Retirement
ABC's of Estate Planning

Cortburg Speaks Retirement

Play Episode Listen Later Dec 1, 2021 5:02


Estate planning is important for everyone, regardless of income level or net worth.  For this reason, on this week's audio podcast, Miguel Gonzalez shares how planning for the disposition of assets upon your death can provide benefits to all the parties involved.

XYPN Radio
Ep #323: XYPN's 2021 Benchmarking Survey Results Review with Alan Moore and Michael Kitces

XYPN Radio

Play Episode Listen Later Dec 1, 2021 68:33


XYPN has conducted an Annual Benchmarking Study for the past four years. The comprehensive annual survey gathers core performance indicators of member participant firms and ultimately draws data-backed conclusions about the success of different business models, fee structures, and niches. Today, Alan Moore and Michael Kitces, XYPN Co-Founders, discuss the study's fifth annual results. As you'll see, with our maturing network and member firms, the 2021 study shows a much clearer understanding of what's working and not working in fee-only RIAs. This episode is particularly interesting and helpful for those considering starting the long play of the entrepreneurial journey. We encourage you to listen closely and go back to the previous conversations about the past surveys and use them as resources to build your ideal firm. If you're interested in what really works (yes, meaning proven with data) when building your firm, then this show is for you. You can find show notes and more information by clicking here: http://www.xyplanningnetwork.com/323

On My Way to Wealth
093: Have Your Latte & Drink It Too

On My Way to Wealth

Play Episode Listen Later Dec 1, 2021 21:13


What do you want your tomorrow to look like? There are things you can do today to help set you up for future success. You don't have to cut out everything that brings you joy today in order to save for tomorrow. Tune in to this episode to learn how you can have your latte and drink it too! Notes: In this episode, Luis talks about the following and more: The magic of compound interest The power of doing small, consistent steps for a long period of time Designing your environment to set you up for success How discipline beats motivation Resources: Schedule Your Complimentary Introductory Meeting with Luis! Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it's a movement! Ed Mylett and James Clear Interview Luis' LinkedIn Luis' Twitter Luis' Instagram On My Way To Wealth YouTube Channel

The Solarpreneur
The 1 Thing That Prevents Most People From Hitting Sales Goals

The Solarpreneur

Play Episode Listen Later Nov 30, 2021 19:55


DOWNLOAD SOLCIETY APP NOW!Speaker 1 (00:03):Welcome to the Solarpreneur podcast, where we teach you to take your solar business to the next level. My name is Taylor Armstrong and I went from $50 in my bank account and struggling for groceries to closing 150 deals in a year and cracking the code on why sales reps fail. I teach you to avoid the mistakes I made and bringing the top solar dogs, the industry to let you in on the secrets of generating more leads, falling up like a pro and closing more deals. What is a Solarpreneur you might ask a Solarpreneur is a new breed of solar pro that is willing to do whatever it takes to achieve mastery and you are about to become one.Speaker 2 (00:44):The 1 thing that prevents most solar salespeople from hitting their goals and closing deals. That's what we're going to be jamming on today. That and much more coming up on today's podcast. My name's Taylor Armstrong. I'm here to help you close more deals, generate more leads and referrals, and hopefully have a much better time in this great solar industry. Hope you had a happy Thanksgiving, good time with your family. Hope you took the day off. That would be a good day to go and knock. Some doors hit up some people, but I hope that you can take Thanksgiving and Christmas off at least from knocking doors, but a great Turkey day. Great time with friends and family. Hopefully you enjoyed it today. We're going to be talking about something a little bit different, and I love this topic because it's something that I have a lot to learn on. So I love hearing from experts on the topic and that is the topic of finances.Speaker 2 (01:43):Then I'm going to tie that into what that has to do with closing deals and hitting your goals. But it's actually been a big piece. That's helped me out tremendously to close more deals is thinking more about the financial side of things. And the reason we're talking about this a little bit more right now is because if you miss the big announcement we brought on our first ever sponsors of the show, and that is our friends over at Pi Syndicate. If you hadn't noticed, we brought Jerry, if you sell him the show and he started this financial mastermind basically to help people get their mind, right? When it comes to the money piece of the puzzle. So big thank you to them. And if you want to get, you know, your finances, right, definitely hit them up. Tell them you heard about them from the podcast and they're going to hook you up.Speaker 2 (02:37):They're going to take care of you. So go over to Pius in the get.com. We'll post their a website in the show notes of this, go check them out, let them know you appreciate them sponsoring the show and next up. So we're gonna actually hear from their CFO, his name's Austin. And he's going to share a little bit more about their vision and goal is with Pi Syndicate. But anyways, back to the topic at hand of the show today, and so something that prevents people from closing deals more than you think is they have no financial plan in place. And I've talked about this book a lot recently, a lot of podcasts, but closer survival guide by Grant Cardone. He lists this matter of fact is one of the top 10 reasons that closers fail is they don't have a financial plan in place. And we're going to get into what exactly is a financial plan, because I didn't even know what this was when I first read it.Speaker 2 (03:40):It's like, what is he talking about? Financial planning. What was that to do with closing deals? So I didn't expect it. Maybe you don't expect that either, but before we talked about what is a financial plan first, I just want to mention that you need to get your head right around money. If you're like, I don't know if anyone's like me, but I had an enormous scarcity mindset around money. And most you've heard my story. I was in college at Southern Utah university. I was donating plasma to pay my rent. And basically my summers, a pest control. Didn't go as well as I hoped. So I didn't even have money to pay my rent at the time as donating plasma. And I was that kid on campus that was going to every single club event, every single thing to try and get just some free food.Speaker 2 (04:36):If you've been on campuses, you know, they do those events all the time where they're handing out free pizza, where there might need to come check out the clubs. I wasted so many hours go to these events, listening to pointless meetings, just because I knew there was going to be a slice of pizza at the end. That's how desperate I was. I literally did not want us want to spend a dime out of my pocket. If I knew I'd go get free food somewhere. And that was just the tip of iceberg. I was the guy that our school had this discount card it's called disturbing student heard where every single restaurant in town, then a deal for college students was mostly like, buy one, get one free burgers. Or I don't know if some sort of like bonus you got with your meal.Speaker 2 (05:24):Every single day I went on in college. I refuse to go to any place that was not listed on this card. So I'm like, I'm not paying a dime over what I should. I'm going to get some type of deal. I'm going to get some type of discount or else I'm not going there. So that was me pretty sad. Right. And I didn't have money. So I mean, it was driven by that. That's not like, you know, that was kind of the factors when you're broke, you do pretty crazy stuff. And the craziest thing I probably did was we even went on a, we went on a trip with some buddies freshman year at college, we decided, Hey, we're going to go out to California. We're going to go to six flags. Knott's Berry farm. I dunno, a few different places. And we went there.Speaker 2 (06:13):I was so broke. I was literally finding leftover concessions on people's tables at six flags. I was going around if I saw a piece of pizza or some fries that looked like they hadn't been touched, I was snagging people's foods off tables, pretty nasty. Right? So I did some extreme stuff. I was broke and this caused me just like some crazy distress. And my head caused some crazy thoughts about money that I was never going to have money. I was always going to be short on money. I was always going to be strapped for cash. So just causes an enormous scarcity mindset. And they've seen it in a few of my friends. I didn't grow up. My parents weren't broke or anything. My dad's a dentist. So, you know, upper middle class, we always have money. We always, you know, never went hungry, nothing crazy like that, but I just never really had jobs.Speaker 2 (07:12):I was a music major. So I was always practicing my drums, my percussion. I didn't have time to go work. So if you're like me, if you had these, if you had these types of thoughts in your head, they're likely still carried over to this day. And that's part of what I struggle with now is I still find myself having these thoughts where I don't have money. I'm not going to be able to provide for my family. I'm going to be short on cash. Okay. And it's not an issue now, but they still creep up just because it was so ingrained in my head, back in my college days and back growing up that I didn't have money to, you know, buy what I wanted. Guess this is the first step before you create a financial plan, do you get your mindset right around money?Speaker 2 (08:05):It's a work in progress for me, but think how can you get your mindset right around cash. Someone that I look up to a lot that talks about this topic all the time is river Skinner. He was a guest on the podcast, but he has his whole abundance kind of movement. He calls it. He's always preaching about being more abundant. He's always going to gas stations and like cheering that he's paying four or five bucks a gallon for gas. Cause he's abundant. So think how can you be more abundant? How can you get rid of those scarcity mindset, feelings around money? Because we don't do it. It's going to be holding you back in your financial goals. It's going to make it tougher to close deals. It's going to make it tougher to have success in the solar industry. So be abundance, something that helped me is just actually having physical cash, handling it these days.Speaker 2 (09:05):Most people don't carry on physical cash. Most people don't even look at their dollar bills, right? It's all in Venmo. It's own PayPal. It's all in cash app, whatever, but they're not seeing the physical cash. So if you can't see it, how are you going to know you have the money, right? You go look at the bank account, but something that actually helped me tremendously go, don't go get a withdrawal of actual physical cash. And I kept in an envelope for a months. I shouldn't do this again would probably help now. But something I did for months, I would get, I had a hundred dollar bill, $50 bill, $200 bill, $10 bill. I would take them out and I would physically handle them every day. And I would just envision myself having extra cash. I would envision myself never being short on that money.Speaker 2 (10:00):I was handling in my hand and I was doing affirmations around it. So try that, go print out some physical data. Can you print it out, but go withdraw some physical cash, have it in an envelope and maybe get your mind, get your mind wrapped around that you have an abundance of cash. Is that step number one, make sure you get your mind right around money. And then step number two is get that financial plan in place. Ok, game Grant Cardone talks about this as one of the reasons why closers still, they don't have the plan in place. So if you have the book, it's step number seven, it's on page 66. He talks about this and go read the whole thing if you want. He just has a couple pages on it, but just to summarize it, he talks at the end, say most people correctly estimate their financial needs or never created a financial plan at all.Speaker 2 (11:04):Get a financial plan today and make sure it is going to do more than pay the bills, but also create financial freedom for you in your household, you will start closing more deals and you'll quit underestimating the amount of effort, energy, and enthusiasm. It takes to get a deal closed. The bottom line is this. If you underestimate what it takes to create real financial freedom, then it only makes sense that you will underestimate what it takes to close a deal. Mike drop right there. Right? And I can personally test to this. One of the recent best months of sales that I had recently is we were investing in this rental property. Is some of you that follow me over on Instagram. I talked about how we're getting a rental property for an Airbnb over in Utah. And that month I just had this excitement like, man, I want to go out and create this money so I can put it towards that property.Speaker 2 (12:03):In that month I had, I think it was 14 deals closed 13, 14, where the previous months I always had, I was closing, I don't know, 6, 7, 8, but I had that extra level of excitement that I was putting my money towards something that I was excited about towards an investment for my future can that's part of having a financial plan in place is your planning for how you're going to create extra income in your planning. Then miss Mintz, you're going to make with that extra income, you're planning your future with it. You're not just paying the bills. And you think of these companies that just cut costs, cut costs, cut costs, just strict budget that you'll also follow these people like Dave Ramsey, Susie Orman, who followed me into Cornell. And he bashed on them all the time because what do they talk about? They talk about just living by a super strict budget, cutting costs, cutting, chopping up your credit cards, right?Speaker 2 (13:01):And just, you know, live in his slim as you can. But I think it's super powerful, especially in sales, go out and close more deals to create your financial freedom, right? I want to live like a king and have extra money from my investments. And obviously, you know, there's a balance from it. You know, I'm going to go bolt insane amounts of money. You shouldn't be dropping thousands of dollars at the club every weekend, right? So within reason, but think how can you create that extra income to live, how you want to live and then have that extra money for your investments. So I think the first step in creating that financial plan is yes, figure out how much money you need to live. It. You do want to figure out what is your budget? What exactly you're going to do? You know, how much money do you need to live, right?Speaker 2 (13:57):And how much money do you need to fund future retirement plans, vacations children's education, all that, stuff like that. And then second Grant Cardone talks about this. Figure out how much money you actually need to bring in monthly in order to create solvency and get all that you want accomplished, which solvent seat is the ability of an entity to pay its debts with available cash. So your financial plan should include clearly state and monetary goals. Exactly how you're going to create surpluses of money, what to do with the surpluses and investments. So this is very important. Go and write down, have your financial plan written down. How much do you need to live? Hey, you should be doing that. If you haven't done that, go track, you know, figure out all your exact expenses, figuring out how much you need to live to put a week each month, but then figure out what is your surplus.Speaker 2 (14:55):So how much surplus do you want to have each month? What are you going to do with that? Write down your investments in this goes into why I think joining something like Pi Syndicates is a great idea because if you don't know, if you're like me, you don't know what 10 miss your money in it all. I'll be honest. I am not a financial group. I'm not good with investments. And that's why I never invested really in the past. That's why it still can meet, taken me until now to get my first rental properties, because I just thought, oh, I don't know where to look. I don't know. I don't know how to tell if this is a good deal or if it's going to cash flow. But if you can be around a group of people who know what they're doing, a mastermind style, like Pi Syndicate guys that have, you know, multi-multi millionaires that you know, have tons of different investments that are super successful.Speaker 2 (15:55):iThat's going to jumpstart the process. So that's why I decided to have them as the sponsor for the show is because so many people in this industry, they can make money, but what are they doing with it? And are they paying all the uncle, Sam, if that's the other thing, that's super powerful joining pipes. And they get, you're going to learn how to actually take that money. You would be given to uncle Sam and investing it and avoiding what you would probably paying taxes otherwise. So that's the two big steps of the day. And this is why a lot of people felt you don't have a financial plan. So today, wherever you are after your workout, after your ride out to area, wherever you're listening to this, sometime today, take out your notes app, take out a pad of paper, write down what is your financial plan?Speaker 2 (16:48):How much do you need to have the live every month? And then how much surplus are you going to have every month? What are you going to do with that? Write it out, get it in front of you, slap it on the mirror, put it on a vision board. If you're into that stuff, I think is super cool to have maybe print out a picture to go with it. And then that's how you're going to create this excitement. I guarantee you, if you do this, it's going to motivate you to push harder and deals than you were before. And something that I feel like I became a better closer when I had a kid actually just had my second kid. Now, when I'm in deals, I know, okay. I want to feed my kids. I want to know on for my kids' future. So it allows me to push harder to hang in deals longer than I would otherwise it's.Speaker 2 (17:40):So what's that motivation that you have? What stage you're in, how are we going to create that extra motivation to push hard in those deals? Yeah. You're not going to be pulling people's teeth, but you're going to stick in that deal and this is the way to do it. So that's the topic of today. Make sure you get your mind right around your buddy. And then step two, have that financial plan in place. It's going to change your game in solar. I promise you. So let me know what you think of this topic. Let me know if you like these financial topics. Next episode, we're going to have Austin on the show. He's going to dive in a little more. He's the expert on this stuff. So you're gonna hear from him. So don't miss out and get your finances, right? Close. Some deals deals this week and we will see you on the next episode. Peace.Speaker 3 (18:32):Hey, Solarpreneurs quick question. What if you could surround yourself with the industry's top performing sales pros, marketers, and CEOs, and learn from their experience and wisdom in less than 20 minutes a day. For the last three years, I've been placed in the fortunate position to interview dozens of elite level solar professionals and learn exactly what they do behind closed doors to build their solar careers to an all-star level. That's why I want to make a truly special announcement about the new learning community, exclusively for solar professionals to learn, compete, and win with top performers in the industry. And it's called the Solciety, this learning community with designed from the ground up to level the playing field to give solar pros access to proven members who want to give back to this community and help you or your team to be held accountable by the industry. Brightest minds four, are you ready for it? Less than $3 and 45 cents a day currently Solciety is open, launched, and ready to be enrolled. So go to Solciety.co To learn more and join the learning experience. Now this is exclusively for Solarpreneur listeners. So be sure to go to solciety.co and join. We'll see you on the inside. 

Financial Advisor Success
Ep 257: Deepening Client Relationships By Going Deeper For Clients In Transition with Beth Jones

Financial Advisor Success

Play Episode Listen Later Nov 30, 2021 89:29


Beth Jones is the co-founder of Third Eye Associates, an independent RIA based out of the Hudson Valley of New York that oversees $125 million of assets under advisement for 200 households. Beth's firm is unique in that they go deep with clients into creating a personal vision statement that truly aligns their money with their values. Listen in as we dive into Beth's financial planning process, fee structure, and client deliverables that have been a cornerstone for building her expertise as an in-depth financial planner and have led to a waitlist of new clients. We also discuss some of the challenges that she faced as she was scaling up, why she made the decision to let go of 85 of her earliest clients that were actually costing her money, and how she navigated the transition of having her co-founder retire while she continued to run the firm and serve clients. For show notes and more visit: https://www.kitces.com/257

Your Money, Your Wealth
Retirement Pension Lump Sum or Monthly Annuity Payment? - 354

Your Money, Your Wealth

Play Episode Listen Later Nov 30, 2021 55:18


Should you take your pension all at once in a lump sum when you retire or spread it out over monthly annuity payments? What if the lump sum choice requires moving your pension to an investment plan? Or maybe your only pension options are either 10-year period certain or joint with rights of survivorship? All of these pension spitball analyses are compiled into this single episode to help you choose between your own pension options. Show notes, free resources, Ask Joe & Al On Air: https://bizlink.to/ymyw-354

Money Talk For ER Docs™
Ep #60: Year-End Financial To-Do's

Money Talk For ER Docs™

Play Episode Listen Later Nov 30, 2021 28:30


With the New Year quickly approaching, we tend to find ourselves a different type of busy with family obligations, gift shopping, and possible travel plans. Despite this, certain financial tasks need to be completed before the clock strikes midnight to not only save you headache come April of next year (AKA: tax-time), but to potentially save you tons of money as well. So let this episode serve as your 30-day out checklist. We'll make sure you're aware of all the 12/31 deadline tasks you'll want to complete this month, if you haven't already.

Dinero en Español - Finanzas, Emprendurismo y Motivación en tu idioma y sin complicaciones

En este episodio te explico qué es un "CFP® Professional", qué diferencia tiene contra alguien que se hace llamar "Financial Planner", y te explico el primer paso de la planeación financiera: La entrevista inicial. En el próximo episodio te voy a compartir el resto del proceso de la planeación financiera. El CFP Board es la institución que autoriza el uso de la marca CFP®.Fuentes mencionadas en el episodio: El CFP Board: https://www.cfp.net/about-cfp-boardCuántos CFP® Professionals somos Hispanos/Latinos: https://www.investmentnews.com/number-female-black-hispanic-cfps-increases-201092Música del Episodio: "The Universe Sings", usada bajo Creative Commons. http://ccmixter.org/files/kthugha/61347

Financial Quarterback Josh Jalinski
Josh Jalinski Talks About Financial Planning and More

Financial Quarterback Josh Jalinski

Play Episode Listen Later Nov 28, 2021 50:58


Financial Quarterback Josh Jalinski
Josh Jalinski Talks About Financial Planning and More

Financial Quarterback Josh Jalinski

Play Episode Listen Later Nov 27, 2021 110:33


Legacy Therapy
Encoure: Medicare Fraud

Legacy Therapy

Play Episode Listen Later Nov 26, 2021 25:48


In this episode, Micki Nozaki and Stacey Golden-Lisnock discuss: Medicare FraudHow scammers are gaining access to seniors' Medicare numbers over the phoneThe federal government estimates that we lose between $60-$90 BILLION per year to fraud waste and abuse, about 10% of what is spent on it. Key takeaways:Never give your Medicare number out over the phoneMedicare will NEVER call you on the phone and ask for your numberMedicare will NEVER try to sell you something on the phoneMedicare will NEVER show up at your home If you have further questions or you think you've been involved in a Medicare scam, please call Micki at the toll-free hotline for California Senior Medicare Patrol: (855) 613-7080https://drive.google.com/file/d/1JKbbIHNBLPd2KHdBxW8B6OciyMOkAkgH/view?usp=sharing To purchase the Emergency Info File course, please visit:https://www.gotittogethernow.com/eifIf you are interested in being a guest, with a story to tell, go to the website and complete the Storyteller Application. at https://legacytherapypodcast.com/getinterviewed If you are a service professional and would like to be a guest, please complete the Industry Professional Application at https://legacytherapypodcast.com/getinterviewed

Maven Money Personal Finance Podcast
229 - Tina Weeks - What I learned about financial planning when I thought I was going to die

Maven Money Personal Finance Podcast

Play Episode Listen Later Nov 25, 2021 48:12


In this episode of the Maven Money Personal Finance Podcast… Andy is joined by special guest, Tina Weeks.   Links:    Humans Under Management   Andy Hart   Patreon   Leave a review!     Don't forget to check out the Maven Adviser website for more great content.   So sit back and enjoy unrivalled words of wisdom from Andy Hart - host of the UK's premier personal finance show.   Is there a topic you'd like Andy to cover? We'd love to hear from you! Contact Andy Hart directly with any comments / feedback on team@mavenadviser.com. Alternatively you can reach out on Twitter @MavenAdviser. 

Cortburg Speaks Retirement
Paving Your Road to Retirement

Cortburg Speaks Retirement

Play Episode Listen Later Nov 24, 2021 5:29


Whatever your age, it's never too soon to look ahead toward retirement.  In this week's audio podcast, Miguel Gonzalez shares how proper planning can make the transition to retirement a smooth, comfortable and confident ride.

The Human Side of Money
39: A Masterclass In Excelling At The Human Side Of Advice with Carl Richards

The Human Side of Money

Play Episode Listen Later Nov 24, 2021 78:25


Carl Richards has a mantra for financial advisors that he says changes everything once you can fully internalize it: "Financial advisors are guides in a changing landscape. Not the defenders of an outdated map." It's no longer enough for advisors to build a detailed financial plan or construct a portfolio. It's about building trust and connection with clients, unearthing their values and emotions around money, and changing their behavior for the better. It's about the human side of advice. And, if you're looking to excel at the human side of advice, there is no one better than Carl Richards. We discuss: The two main things he's learned over the years that he would go back and tell himself when he was an advisor Why understanding a client's purpose is at the foundation of the work advisors do for their client's The difference between purpose, values, and goals and what it looks like in the planning process How to effectively help clients develop and prioritize goals Using a "Statement of Financial Purpose" in the planning process The best approach to handling an objection I've ever heard   *For more resources discussed in this episode, check out www.wiredplanning.com/episode39. *For more resources and insights on mastering the human side of money (including our popular "Wisdom Round-Up" email), go to www.wiredplanning.com.

Finance In A Flash
Mid-Career Professionals: Insurance

Finance In A Flash

Play Episode Listen Later Nov 24, 2021 14:27


On this episode of Finance In A Flash, we continue our series on Mid-Career Professionals by discussing Insurance. Chip and Nick discuss what types of insurance you should consider as a Mid-Career Professional, and what you should think about when determining how much insurance to purchase.If you want to learn more about us or our company go to BeaconFinancialStrategies.com

Dollars & Sense with Joel Garris, CFP

On this podcast we discuss if you are giving up free money without even knowing it! Plus, what's the best corporate structure for your small business? Also, the S crop structure the good, the bad, and the ugly! Finally, the reality behind the average household debt! These topics and more on this week's radio show/podcast at https://www.nelsonfinancialplanning.com/broadcasts/originally aired 11/21/2021

Your Money, Your Wealth
Retirement Spitballing, Social Security, and Hiring & Ghosting Financial Advisors - 353

Your Money, Your Wealth

Play Episode Listen Later Nov 23, 2021 45:27


How does the “Buy, Borrow, Die” strategy of the uber-wealthy work? Stacking capital gains vs. Roth conversions, contributing to a non-deductible IRA vs. a brokerage account, and minimizing tax when a trust is the TSP beneficiary. Also, why delay Social Security to age 70 if you don't need the money, and estimating benefits with a future salary of $0. Finally, can you “ghost” an advisor? Should you hire a financial advisor near you? Show notes, free resources, Ask Joe & Al On Air: https://bizlink.to/ymyw-353

Money Talk For ER Docs™
Ep #59: Do You Know Your DTI?

Money Talk For ER Docs™

Play Episode Listen Later Nov 23, 2021 32:27


Do you know your DTI? That's your debt-to-income ratio. It's a common metric asked about when qualifying for a loan. We've been extrapolating data across hundreds of ER Docs over the years and want to spend this episode sharing our findings on this particular ratio. Where do you fall among your peers? And, how does your score correlate with other financial metrics? The results will likely surprise you.

Worth Listening
Achieving Mental Wealth with Guest Rich Jones

Worth Listening

Play Episode Listen Later Nov 23, 2021 58:49


Today's guest is Rich Jones. Rich hosts the Paychecks & Balances podcast, where he shows you what's possible personally, professionally, and financially — all while having some fun along the way. Beyond the podcast, Rich is a Masters' athlete, mental wealth advocate, and purveyor of positive vibes. Today Rich will share his personal memory memoir with us. He shares the unusual path that led him to become a personal finance podcaster even though he doesn't consider himself a financial expert. He will also talk about the impact his mental health has had on his finances and other areas of his life and the importance of building Mental Wealth. In This Episode We Discuss: The little efforts we can make to inspire people and change the course of their life Using the process of elimination in life to find out what the right lane is for us How the way we feel about our finances can impact other areas of our lives What it means to be Mentally Wealthy The negative role drinking and other coping mechanisms can have on every area of life including finances Why we need to stop making excuses in order to make real progress Importance of showing yourself grace and giving yourself permission to take care of yourself How to stop letting life happen to you and your finances The importance of reflecting on your life and finances to determine what you really want How “wealth” is about more than just your finances What looking at your bank statement can teach you about other areas of your life Learn more about Rich Jones by following him on social media: Instagram: @paybalances and @iamrichjones Twitter: @PayBalances and @iamrichjones Facebook: @paychecksandbalances LinkedIn: @paybalances Website: https://paychecksandbalances.com/ If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams

The Rollo and Slappy Show
Episode 280 - Andy Flattery Brings Bitcoin to Certified Financial Planning

The Rollo and Slappy Show

Play Episode Listen Later Nov 23, 2021 81:05


Subscribe to the podcast Andy Flattery is a certified financial planner who recently took the orange pill and has begun to incorporate Bitcoin into his work. Slappy's appearance on the Reformed Financial Advisor Podcast Follow Andy Twitter: @AndyFlattery Reformed Financial Advisor Podcast SimpleBitcoinPlanning.com Learn about Bitcoin at a trickle BitcoinTrickle.com Sponsor Liberty Mugs Keep in touch with us everywhere you are Join our Telegram group Join our Sphinx Tribe Like us on Facebook Follow us on Twitter: @RolloMcFloogle @Slappy_Jones_2 Check us out on Patreon Learn everything you need to know about Bitcoin in just 10 hours 10HoursofBitcoin.com Podcast version

RNZ: Nine To Noon
Financial Planner Liz Koh - the retirement spending gap

RNZ: Nine To Noon

Play Episode Listen Later Nov 22, 2021 7:36


Massey University has just released their Retirement Expenditure Guidelines which show the difference between what retirees need to spend in retirement and their income from NZ Superannuation. Financial planner, Liz Koh talks to Kathryn about the size of the gap and how people can plan ahead to close the gap.

Money Matters with Wes Moss
A Financial Planning Guide For Retirees with Kristin Curcio

Money Matters with Wes Moss

Play Episode Listen Later Nov 22, 2021 35:05


In this podcast episode, Mallory Boggs sits down with a member of the Retire Sooner team and Investment Advisor at Capital Investment Advisors, Kristin Curcio. Kristin provides her tips, insights, and expertise regarding financial planning and how these plans impact your retirement. She also explains the importance of budgeting, how much money you should have in your emergency fund, and discusses penalties for early withdrawals. Listen in to also hear tips and details around estate, will, and trust planning. Learn more about your ad choices. Visit megaphone.fm/adchoices

Disruptive Money Management
Retirement Mindset Part 2 of 5: Figuring Out Your Social Security and Pension Income Strategies

Disruptive Money Management

Play Episode Listen Later Nov 22, 2021 17:42


For many of us, we only get one shot at retirement. Because let's face it, how many times have you sat there thinking that if only you knew what you knew now about financial planning ten-fifteen-twenty years ago? That if you knew better when you were younger about how to make smarter money decisions, you would be in a much better financial position than you are now?While we may not be able to recreate our decisions, we can focus on the here and now. We can ensure that we are taking every appropriate step to drive towards a sound and secure retirement.Part 2 of Retirement Mindset is about figuring out your Social Security and pension income strategies. For many, Social Security and the pension will be the largest monthly income that a retiree has, and having the right strategy in place could determine whether you can sustain the retirement lifestyle you envisioned. The five-part Retirement Mindset series are the exact steps that Henry utilizes with his clients when determining whether they are on track for retirement. Please be sure to subscribe so that you are immediately notified of the next part of this series. Episode References:Understanding and Maximizing Social Security Benefits:https://podcasts.apple.com/us/podcast/understanding-and-maximizing-social-security-benefits/id1521325641?i=1000536704778https://open.spotify.com/episode/28fEChKCgAQgh0lJUeuhKw?si=ca3411520fdf4cc3Social Security is Running Out - Here's How Much You Can Expect to Lose in Benefits:https://podcasts.apple.com/us/podcast/social-security-is-running-out-heres-how-much-you-can/id1521325641?i=1000536006612https://open.spotify.com/episode/6D58ja5hSChlrZTGDXlUO1?si=4c469272ab114d7cAs always, if you have any deep-burning financial question that is driving you bonkers that you would like answered, feel free to drop a question to henry@juncturewealth.com

An Organized (after)Life
S4 E2: My Story

An Organized (after)Life

Play Episode Listen Later Nov 21, 2021 8:30


I don't sound like your typical lawyer. Because my industry isn't great at equipping you to actually leave a manageable to-do list and I know you are capable of doing so. Here's my story. This is how I know that you are capable of leaving good legacy and how failure to have an effective estate plan will interfere with yours.Find out more about me here: https://organizedafterlife.com/about-jen-gumbel/Looking for a speaker to talk to your audience about legacy? Contact me. https://organizedafterlife.com/speaking/Good Legacy is brought to you by Your Organized (after)Life Workshop, an eight-session, online, at-your-pace workshop, where I teach you what you need to know and walk you through the steps you need to take to leave a manageable to-do list. Learn more at, https://organizedafterlife.com/estate-planning-workshop/What's stopping you from estate planning? Take a free quiz to learn your barrier and get a prompt to help you overcome it, https://quiz.tryinteract.com/#/60f0db7bb01a350017cd4541

Managing To Be Wealthy
Ep: 214 Family Financial Planning

Managing To Be Wealthy

Play Episode Listen Later Nov 21, 2021


The Real Investment Show Podcast
Medicare Mysteries | Financial Fitness Friday (11/19/21)

The Real Investment Show Podcast

Play Episode Listen Later Nov 19, 2021 47:34


The Holidays are upon us, Thanksgiving preparations, Christmas spending budgets, and Tax Turbylence Period; Long Term Care vs Medicare; Working at Macy's Thanksgiving Parade; analyzing Medicare Advantage; the future of Blood Rx. ------ SEG-1: The Tax Turbulence Period SEG-2: Long Term Care vs Medicare SEG-3: Working at Macy's; Medicare Trends SEG-4: Analyzing Medicare Advantage Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP w Senior Advisor Danny Ratliff, CFP -------- NOTE: You can watch the commercial-free version of this video here: https://www.youtube.com/watch?v=rMzlIUxns3o&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2s -------- Our Latest "Three Minutes on Markets & Money: Aew We Due for a Santa Claus Rally?" is here: https://www.youtube.com/watch?v=0Wj4yD4Sdyg&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=2 -------- Our previous show, "Will Inflation Become Stagflation?" is here: https://www.youtube.com/watch?v=rMzlIUxns3o&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=41s -------- Our most-recent Candid Coffee can be found here: https://www.youtube.com/watch?v=1aueA_Gkq64&list=PLVT8LcWPeAujtF0xU6bHGcIrXFq2dFy2X&index=1&t=38s -------- Register for our next Lunch & Learn: https://us06web.zoom.us/webinar/register/9616369301708/WN_X_zZBPQCQX2VnVXJlvUE5g -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #Medicare #Medigap #MedicareAdvantage #Retirement #Thanksgiving #TaxTurbulence #ChristmasShopping #SpendingBudget

Lance Roberts' Real Investment Hour
Medicare Mysteries | Financial Fitness Friday(11/19/21)

Lance Roberts' Real Investment Hour

Play Episode Listen Later Nov 19, 2021 47:33


The Holidays are upon us, Thanksgiving preparations, Christmas spending budgets, and Tax Turbylence Period; Long Term Care vs Medicare; Working at Macy's Thanksgiving Parade; analyzing Medicare Advantage; the future of Blood Rx. ------ SEG-1: The Tax Turbulence Period SEG-2: Long Term Care vs Medicare SEG-3: Working at Macy's; Medicare Trends SEG-4: Analyzing Medicare Advantage Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP w Senior Advisor Danny Ratliff, CFP -------- NOTE: You can watch the commercial-free version of this video here: https://www.youtube.com/watch?v=rMzlIUxns3o&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2s -------- Our Latest "Three Minutes on Markets & Money: Aew We Due for a Santa Claus Rally?" is here: https://www.youtube.com/watch?v=0Wj4yD4Sdyg&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=2 -------- Our previous show, "Will Inflation Become Stagflation?" is here: https://www.youtube.com/watch?v=rMzlIUxns3o&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=41s -------- Our most-recent Candid Coffee can be found here: https://www.youtube.com/watch?v=1aueA_Gkq64&list=PLVT8LcWPeAujtF0xU6bHGcIrXFq2dFy2X&index=1&t=38s -------- Register for our next Lunch & Learn: https://us06web.zoom.us/webinar/register/9616369301708/WN_X_zZBPQCQX2VnVXJlvUE5g -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #Medicare #Medigap #MedicareAdvantage #Retirement #Thanksgiving #TaxTurbulence #ChristmasShopping #SpendingBudget

Real Estate Investor MBA
Episode 47: Ep 47: REI MBA: What Exactly is a Fund Administrator? And Do You Need One for Your Deals?

Real Estate Investor MBA

Play Episode Listen Later Nov 19, 2021 31:21


In this episode, we had the opportunity to sit down with Vince Small and Mike Maurer from FD Fund Administration, for an interview.  This interview continued our mini-series on "A Look Behind the Curtain of a Private Equity Fund".If you have never heard of a Fund Administrator, this is a great episode to listen to. Remember, this is your MBA. Have a notepad handy and get ready to take some notes!Below are few topics that we covered during the interview:✅  What exactly is a Fund Administrator?✅  What type of operators are most likely to use a Fund Administrator?✅  Complexity of fund valuations when evaluating a multi-asset fund✅  Looking at predictions in the commercial real estate market✅  And More....Vince's Bio:Vince has over 20 years of experience in the financial services industry and partnership accounting, with the last five years, focused on Real Estate. Prior to joining “FD Fund Administration”, he held the position of Controller for a multi-billion dollar real estate family of funds, overseeing the accounting and reporting for several of their Real Estate partnerships with over $2 billion in commitments.Earlier in his career, Vince was Chief Financial Officer and Chief Compliance Officer for an investment advisor with over $800 million in assets under management. He spent six years with PwC as an Audit Manager in their financial services group, where he focused primarily on audits of large mutual fund companies and alternative investment clients.Mike's Bio:Mike has over 20 years of experience in finance and analytics, including nine years in commercial real estate and five in private equity. Prior to joining “FD Fund Administration”, he was Director of the valuations and analytics functions for a multi-billion dollar real estate family of funds. Mike also held various roles with Capmark Financial Group (formerly GMAC Commercial Mortgage) in its Global Treasury and Financial Planning and Analysis groups. Early in his career, he led accounting and risk management operations in the telecommunications, technology and healthcare sectors.You can reach out to connect and speak with Vince and Mike by going to their website at www.fd-fa.com.Please subscribe to the Real Estate Investor MBA Podcast on the following platforms:   YouTube  iTunes  Spotify  Stitcher  iHeart Radio   TuneIN  Google Podcast  If you like what we are doing and see that we are providing a lot of value, please be sure to leave us a 5-star review and positive comment.  In doing so, this helps us continue to attract the highest quality type guests to interview and for you to listen to.Check out our website at www.realestateinvestormba.com Follow us on Social Media: ✔️  Facebook✔️  LinkedIn

Critical Thinking Required
Tax Bias - The Less Tax, The Better! Right?

Critical Thinking Required

Play Episode Listen Later Nov 19, 2021 32:03


Almost never, will you hear someone say: I wish I could pay more taxes.  Today, we are going to break down this bias and try to explain why sometimes, it's a better choice to pay a little bit more tax in the short term.  Tax bias is everywhere.  For example, we often see some advisors holding onto a stock just because they don't want to trigger a tax event, or selling a stock prematurely because “you are in a low tax bracket this year” or "it's not doing so hot this year."  However, as Nathaniel said, we firmly believe that if you buy an investment, you should understand the fundamentals of the business, and you sell an investment because it has reached its fair value.  Considering tax consequences is not a bad thing, but it's not why you invest!  Dan talked about the pros and cons of popular "tax-efficient" choices like stock options, 1031 exchange in real estate, retirement accounts, etc.  Nathaniel explained why it makes no sense in most cases to do so-called "tax-loss harvesting."  As always, read the fine print, understand that taxes are only a small portion of your overall financial picture, and don't sacrifice your long-term life goals for a short-term "tax win!"

Gap Year For Grown-Ups
Aging Options: Skylar Skikos on the Appeal of Intergenerational and Regenerative Communities

Gap Year For Grown-Ups

Play Episode Listen Later Nov 19, 2021 31:49


One of the things Debbie is starting to think about is where and how she and her husband Sam might want to live as they get older - a lot older than their current 70. Like many Boomers, they are repelled by the idea of a retirement community.This week on the podcast she turns to Skylar Skikos to learn about new options. Skylar, 40, is a philosopher at heart and a financier by trade. He's a real estate developer and investor who specializes in hospitality and senior care and he's Chief Development Officer of Modern Elder Academy in Baja, MX. You've heard Debbie talk before about MEA, the world's first midlife wisdom school. Skylar is fascinated with how to create places that help people flourish, particularly as they age. He thinks there's something missing from age-segregated communities and Debbie couldn't agree more. She wants to run screaming when she sees glossy ads for age 55+ retirement communities like The Villages in Florida because... who wants to live only with old people where the focus is solely on recreation and having fun?This episode is her first attempt to start unpacking the topic of where and how older people can live where they can be part of a mixed-age community, still contributing and living productively, and avoid the loneliness and isolation that many of us associate with retirement communities. Debbie and Skylar talk about several alternatives. One is intergenerational housing that mixes age groups. A number of intergenerational developments are underway right now in different parts of the U.S. They also talk about something called Regenerative Communities, a concept being pioneered by MEA. Skylar joined MEA to help them develop a collection of Regenerative Communities, each of which will include mixed-age residents, a midlife wisdom school where you explore how to grow and thrive in the latter stages of life, and a surrounding regenerative farm. The first Regenerative Community being developed in the U.S. is outside Sante Fe, NM. Debbie and Sam are so intrigued with this concept and are hoping that MEA will turn its sights towards the East Coast, which is closer to home and family for them. MENTIONED IN THIS EPISODE OR USEFUL: Skylar Skikos on LinkedInNavigating the Youth-Midlife Divide: Musings Approaching a 40th Birthday by Skylar Skikos (Wisdom Well, Nov. 2, 2021)Modern Elder AcademyMEA | Regenerative CommunitiesDon't Mind the Gap in Intergenerational Housing by Karrie Jacobs (New York Times, Sept. 2, 2021)New Model of Active  Adult Senior Living Is Coming to the Austin Area  (Cantina)Cantina CommunityRight Place, Right Time: The Ultimate Guide to Choosing a Home for the Second Half of Life by Ryan Frederick (‎Johns Hopkins University Press 2021)The Villages (Your Retirement Adventure Starts Here)Public philosopher Tom MorrisSerenbe (a wellness community near Atlanta) NOTE FROM DEBBIEIf you've been enjoying the podcast, please consider leaving a short review on Apple Podcasts. It takes less than two minutes and it really makes a difference. It makes me feel loved and it also attracts new listeners.Subscribe to my newsletter and get my free writing guide: https://bitly.com/debbie-free-guide.Connect with me:Twitter: @debbieweilInstagram: @debbieweilFacebook: @debbieweilLinkedIn: linkedin.com/in/debbieweilBlog: Gap Year After SixtyEmail: thegapyearpodcast@gmail.com- Debbie We Are Looking For a SponsorIf you are interested in reaching a smart and thoughtful audience of midlife, and older, listeners, contact Debbie Weil. MEDIA PARTNERSNext For MeEncore.orgMEA SUPPORT THIS PODCASTLeave a review on Apple Podcasts: it will help us find a sponsor! If you are interested, contact Debbie WeilSubscribe via Apple Podcasts, Google Podcasts, Stitcher or Spotify CREDITSHost: Debbie WeilProducer: Far Out MediaPodcast websiteMusic: Lakeside Path by Duck Lake

Shock Your Potential
The TRIP Technique - Keith Renninson

Shock Your Potential

Play Episode Listen Later Nov 19, 2021 25:23


“You start to inspire people by them relating to what they can see in themselves from what you've experienced.” Keith Renninson The most rewarding times in life are those that challenge us the most. Those that force us get deep inside ourselves and discover some of the strengths that we never knew existed within. Our guest today, Keith Renninson, went through such an experience when he got lost while in a hiking trip and it ended up changing his life for the better. Keith is a Colorado native obtaining his CFP from the College for Financial Planning in 1989.  His education was spread out over several decades with two years in the Army with a tour in the Vietnam War. His new award-winning book “Tenacity: You Don't Have to Get Lost in Nepal to Find Yourself, But it Helps!” is based on the second trip when he traveled alone and got lost for a few days in the Himalayas. He developed his TRIP Technique System from his book and has been giving in-person, virtual & hybrid meetings to excited audiences since.  Recently, Keith developed his TRIP Technique Assessment which scores individuals on their strengths and weaknesses at tenacity, resilience, imagination, and purpose (TRIP) Keith has been well known for his car & bike racing, love of skiing and as an amateur photographer.  He began his speaking career in 2013 in Toastmasters, then joined his local chapter of the National Speaking Association where he served as the Secretary/ VP of Operations for four years. In today's episode, Keith will talk about his journey in the military and how one hiking trip changed his life forever. Listen in!   Contacts www.thetriptechnique.com I was drafted in 1969 and I went to basic training in Fort Lewis Washington, where I took a whole battery of tests like everybody does to figure out what your military occupation is going to be. [3:24] I was posted to Fort Hood, Texas to work on civilian made weapons which I did testing in the prairies of Texas, before they actually released them out into the military. [3:37] I ended up going to Vietnam after about seven months and once again in the top secret clearance facility where I was gathering information. [4:54] My two years in the service taught me a multitude of things which included working within a team and rising to leadership. [5:30] Once I got out of the army, I wanted to be a leader with whatever I did, which was sometimes pushy and sometimes it was fun. [5:56] The army also taught me really good communication skills, because you've got to be very accurate in what you talk about in the military. [6:11] I was an insurance agent and a financial planner for 42 years and that's where I guess I gained all of that tenacity to be an independent person and have my own business. [6:27] I got my trekking permit in Katmandu canceled due to unfavorable weather and I had to redesign the trip. [8:46] I ended up going into an area that I had not researched and within about four or five hours of starting that trek, my equipment stopped working and I got lost. [9:08] I meditated and journaled each day and I started to looking at my life and writing what I wanted to do when I got home. [9:34] After I retired, I started to do what I wrote down I'm now doing exactly what I wrote down in my journal while I was lost, which was become an author and a public speaker. [9:52] I love telling stories and I can see them going through my head as I'm telling them and reliving them and the excitement builds back up inside of me. [11:35] I probably exude that from the stage and it's just one of those things where you start to inspire people by them relating to what they can see in themselves from what you've experienced. [11:43] I researched and came up with how I could take my speaking to the next level and what I could do that was different. [14:19] Trip technique assessment helps people learn their strengths and weaknesses in tenacity, resilience, imagination and purpose. [14:47] Commercial Break. [15:34] The military teaches you discipline, having a hierarchy and understanding how the ranks work and how you could work with them. [17:07] I came home in the 1971 and the hippie era was still going on and I ended up for a while being a disc jockey at night and a discotheque. [17:50] It was a lot of fun to be able to work during the day as a banker during the daytime and a disc jockey at night. [18:05] I wanted to be able to be disciplined enough to have those areas of my life very distinctly purposed, and do them on purpose so that I could really come out with what I wanted on the other end. [18:25] Both jobs ironically prepared me for what I doing now. [18:36] It was a tough time to come back from Vietnam because we were not liked as soldiers in those days. [20:22] We were proud of our service and what we had accomplished and so it was something I came home with and felt good about it but I couldn't feel good about it publicly. [20:41] I had my own kind of problems that came out of it and I had a long battle with hyperventilating whenever I got in a stressful situation and I actually went sought some help out. [22:07] Be kind to your soldiers as they come home and as they suffer now a little bit because of the feelings left after Afghanistan. [23:59] We need to recognize that that tour of duty that they all did and the results that we all were blessed with. [24:16] ……………………………………. Thank you to our November Sponsor: Entrepreneur's Guide to Financial Well-Being or Wayne Titus Imagine starting a long journey without a map…or even a clear idea of the obstacles ahead. That's exactly what it's like for entrepreneurs who start companies with a lot of passion, but without the financial expertise to grow and scale their businesses and create long-term wealth for their families.  Wayne Titus shows you how to find a financial adviser who can help you map a better journey. In his book, The Entrepreneur's Guide to Financial Well-Being.  With the right adviser at your side, you'll have the freedom to focus on what really matters to you. Get The Entrepreneur's Guide to Financial Well-Being at Amazon.com and in the virtual bookstore on the Shock Your Potential app.

Dollars & Sense with Joel Garris, CFP
Retirement Contribution Limits For 2022

Dollars & Sense with Joel Garris, CFP

Play Episode Listen Later Nov 18, 2021 40:25


On this podcast we discuss why the government is like a spouse with a massive spending problem on steroids! Plus, why a third grader would be better at managing the government's budget! Also, the new retirement contribution limits for 2022! Finally, how do we produce better college grads? These topics and more on this week's radio show/podcast at https://www.nelsonfinancialplanning.com/broadcasts/originally aired 11/14/2021

Kitces and Carl - Real Talk for Real Financial Advisors
Introducing Financial Planning To Clients Who Previously (Only) Bought A Product: Kitces & Carl Ep 73

Kitces and Carl - Real Talk for Real Financial Advisors

Play Episode Listen Later Nov 18, 2021 30:15


Don't Retire...Graduate Podcast
Simple Wealth: How Your Mindset and Core Values Can Grow Your Wealth

Don't Retire...Graduate Podcast

Play Episode Listen Later Nov 18, 2021 33:45


Welcome back to Don't Retire... Graduate! Our guest on today's episode is a visionary and pioneer in the personal finance industry. Holly Morphew is the CEO of Financial Impact and her journey to financial independence was truly a wild ride, eliminating overwhelming debt, combatting chronic illness, and reaching financial freedom while she was only in her 30s. She joins us today to talk about how she did it and share her tips for recreating some of her success. In this episode we'll talk about: How growing up in a household that talks about money can inspire a life of entrepreneurship The importance of mindset in wealth-building  The difference between people who call themselves coaches and those who are accredited financial coaches Telling the difference between a fiduciary advisor/coach and one that's out for their own benefit Maslow's Hierarchy of Needs and how it can be applied to your financial journey  Discovering your core values and using them to shape your life Creating residual income The differences between financial advisors, financial coaches, and financial therapists and the value they each bring   Links mentioned: https://www.amazon.com/Simple-Wealth-Practical-Transform-Relationship/dp/0578840308/ref=sr_1_6?keywords=simple+wealth&qid=1637083798&sr=8-6 About Holly Morphew: Holly Morphew is a visionary, financial coach, and multi-generational entrepreneur. She's the founder + CEO of Financial Impact, which helps professionals and entrepreneurs create personal wealth and financial independence. A pioneer in the personal finance industry, Holly's work has been featured in Forbes, Business Insider, Yahoo Finance, FemFounder, and more. Her own journey to eliminating $67k in debt in her twenties, reaching financial independence in her thirties, and overcoming chronic illness are what inspire her to help others realize their dreams too. Holly's professional background in finance, real estate investing, and entrepreneurship are the foundation of her transformational programs, which also include well-being and mindfulness practices to align behavior and mindset. In 2008 Holly received the prestigious “Rotarian of the Year” award for her work in financial literacy, and in 2017 she was recognized by the Association for Financial Planning and Counseling Education ® with the "Bridging the Gap" award for outstanding work as an Accredited Financial Counselor® in private practice. Her book Simple Wealth is a #1 best seller in nine out of ten categories including money management, women & business, personal finance, real estate, retirement, budgeting, personal transformation, credit repair, and wealth management. Holly has a B.A. from the University of Colorado in International Affairs and Japanese with a Minor in Business. Today, Holly speaks, coaches, and writes about money, personal transformation, and creating a life of design. She now resides in Boulder, CO. Her favorite things to do are travel, hike fourteeners, and watch the sun rise.  Connect with Holly: https://www.financialimpact.com/ https://www.facebook.com/HollyMorph https://www.linkedin.com/in/hollymorph/ https://twitter.com/HollyMorph

Your Retirement Solution Podcast
102. End of The Year Tax Planning With Shane Perry

Your Retirement Solution Podcast

Play Episode Listen Later Nov 17, 2021 33:43


According to the IRS, about 75% of taxpayers take the standard deduction, but could be missing out on valuable tax deductions if they can itemize. In this episode, Shane Perry is here to share with you all the key details about year-end tax planning. Shane shares basic things you can do to help yourself from a tax standpoint, how you can help offset your income at the end of the year and more. Time Critical Items for End of Year Tax Planning: December 31st Deadline Items Act Now to Save Taxes How to save money by reducing your taxes New Tax Law Legislation to Consider Last Minute Tax Deductions And more Connect With Shane Perry: shane@trsfamily.com The Retirement Solution  Connect With The Retirement Solution: The Retirement Solution  (888) 500-5830 About Our Guest: Shane Perry received his Bachelor of Science in Financial Planning and Advising from Purdue University. In addition, he studied Economics with emphasis on investment mathematics, accounting, estate planning, statistics, and tax law. At the beginning of 2014, Shane joined The Retirement Solution as a Client Manager with the motivation and commitment to represent a client's needs above all else. In 2019, Shane changed his title to Associate Planner. Seeking to build on his passion to further help people transition smoothly into retirement with the knowledge and confidence of a solid income plan, Shane was promoted to Financial Planner status in June 2020. Building strong relationships and watching his clients achieve and sustain their retirement hopes and dreams is what inspires Shane's work to thrive every day.

Cortburg Speaks Retirement
Veterans and Retirement Planning

Cortburg Speaks Retirement

Play Episode Listen Later Nov 17, 2021 4:26


Last week we celebrated Veteran's Day.  Today after November 11th, we remember and thank our veterans by sharing this podcast to help understand their military retirement plans.

XYPN Radio
Ep #322: Serving Advisors Instead of Clients to Broaden Your Impact: A Conversation with Kathleen Boyd, CFP®

XYPN Radio

Play Episode Listen Later Nov 17, 2021 52:37


We're excited to interview Kathleen Boyd, a CFP®, former financial planner, and now, XYPN's Financial Planning & Process Coach. Kathleen is joining us for a second time, as she was on Episode 131 with Alan Moore four years ago talking about Diversity and Inclusion. Today, Kathleen discusses the challenges advisors face when building their processes, how they can get overcome with analysis paralysis as they try to systematize, and she offers sage advice on how to avoid these pitfalls. She gives a lot of credit and love to the advisors who choose to start businesses, encouraging them to think outside the box on who and how they serve. Kathleen is a black, queer woman and has had a diverse and broad career in this industry—she's been on Investment New's 40 under 40 list—and she shares what it's been like to find her place in this industry with the help of mentors, and what it's been like to work at XYPN, a place she says embraces progressive thinking in a real way. If you're interested in how to leverage your financial planning experience in dynamic ways, then this episode is for you. You can find show notes and more information by clicking here: http://www.xyplanningnetwork.com/322

Your Money, Your Wealth
Dividends, Asset Classes, and Diversification: How to Invest for Retirement? - 352

Your Money, Your Wealth

Play Episode Listen Later Nov 16, 2021 45:45


Can your investment portfolio be over diversified? How do dividends and net unrealized appreciation (NUA) work? How will ownership inequality in the stock market impact future returns for most investors? What do Joe & Big Al think of target date funds? Plus, the YMYW podcast is now on video! Watch the fellas spitball on annuities, bonds, long-term treasuries, risk tolerance, and the buckets of money investing strategy. Show notes, video clips, free resources, Ask Joe & Al On Air: https://bizlink.to/ymyw-352

Moming
Planning for Christmas, Part 1: Financial Planning and Money Saving Tips

Moming

Play Episode Listen Later Nov 16, 2021 14:34


On today's episode we talked about the nitty gritty of Christmas: financial planning, strategies, and practices with Julie Urbina. Website: https://www.momingpodcast.com/blog/s2-ep-22-planning-for-christmas-part-1-and-2

ThimbleberryU
Save More by Shrinking Your Monthly Income

ThimbleberryU

Play Episode Listen Later Nov 15, 2021 15:17


Thimbleberry Financial Website and Phone Number:https://thimbleberryfinancial.com/(503) 610-6510"Shrinking your income" may not seem like a good idea, but it's actually a psychological trick to increase your savings. Today, Amy Walls from Thimbleberry Financial explains the process.If you think you have less to spend, it will change your habits and decisions. Automatically take different categories of expenses "off the top," such as:Fixed ExpensesNon-Monthly Expenses (travel, gifts, savings, etc)Spending/Discretionary MoneyA family-specific category, like child-related costsBy taking all of these items off the top, it appears you have less money to spend, and guess what? You'll spend less.

Disruptive Money Management
Retirement Mindset Part 1 of 5: The Goal

Disruptive Money Management

Play Episode Listen Later Nov 15, 2021 13:01


Let's face it, for most of our lives, we were taught that if we did well in school we would secure a financially stable job that would allow us to work countless hours for years on end. Yet, no where in any of those areas of education or professional training were we given an indication of how long we must work for to secure a successful retirement.In fact, the idea of having secured a successful retirement is generally unknown for most individuals until they are ready to retire. In every aspect of our professional lives, our work most likely requires certainty. The certainty that the job would be completed timely, accurately, and in totality. Yet, our retirement is often murky at best.With individuals posed to spend as much time in retirement as their working years, it is surprising the question of whether you are about to have a successful retirement isn't more of an active thought than it really is. While that may be typical, it doesn't mean you have to keep it as such. Join Henry as he takes you on a five-part series on how to best determine whether you are on track for retirement and all of the retirement questions you should be asking but have not thought to ask.The five-part episode is the exact formula that Henry uses with his clients in assessing their retirement probability ratio. If you have not once thought about your ratio of not only successfully retiring but also living through retirement then this episode is for you. Whether you plan on retiring in your thirties or your sixties, you will be given the tools and mindset needed to secure financial independence.For more information or to have the written format of this podcast, please visit www.disruptivemoneymanagement.com where all of the questions and any applicable charts are displayed. Please be sure to subscribe so that you are immediately notified of the next part of this series. If you found this information useful and believe that it could benefit a friend or a loved one who is going through these thoughts, please share the episode by hitting the Share button. As always, if you have any deep-burning financial question that is driving you bonkers that you would like answered, feel free to drop a question to henry@juncturewealth.com.

friends on FIRE
#123 | The one thing you need to do to plan for a traditional retirement

friends on FIRE

Play Episode Listen Later Nov 15, 2021 30:32


The government creates tax benefits for two main types of retirement savings accounts: IRAs and Roth IRAs. And within those categories, there are multiple kinds of account types. But let's explain the difference simply: an IRA is tax-deferred, meaning that you don't pay income taxes on the contributions; you pay it when you make a withdrawal. A Roth IRA is the opposite, where you make contributions after tax and then never pay taxes again.Forget about the tax part for now though, because this is really about compound growth and the opportunity cost of your purchases now. We're going to share some examples of how much money you could have based on different scenarios. Remember that we're using simplifying assumptions like a constant growth rate of investments and ignoring capital gains taxes. The point is not to give a specific number but to show the massive impact of saving now and saving consistently. If you max out your 401K at 20,500 for 5 years when you're 25-30 and never put anything in again, then at age 65 you'll have $1.35M.  Your 102K investment turned into 1.35MIf you put in $5K a year for 20 years from 25 to 45, and never put in anything again, then at 65 you'll have $848K.  A similar 100K investment became 848K, but that's $498K less than if you had invested the same amount earlier in life.If you put in $2500 a year for 40 years from age 25-65, then you'll have $534K.  That's almost a million less than if you had put in the same amount of money earlier on.If you put in $2500 a year for 25 years from age 25-50, and then at age 50 decide to max it out at 20K a year for 15 years, at age 65 you would have only $1M (but in this scenario you put in $362K vs. my other 3 scenarios you put in only $100K)The lesson here is:  sacrifice and save earlier on in your life and it will pay offSo what is the one thing you need to do to plan for a traditional retirement? SAVE. RIGHT. NOW.  The more, the earlier, the better.  At the same time, it's never too late to start. You may need to make some tradeoffs earlier on in life to do this, but we think the tradeoffs are worth it.  Examples of things you could sacrifice to be able to max it out earlier in life:Control your housing expenses.  It's most people's #1 expense category.  Don't buy a house quite yet. Instead, consider having a roommate or other forms of house-hacking.  LIve with your parents for a year.Don't buy a fancy new car.Here are a few additional tips related to retirement accounts:Make sure your 401K is invested versus just sitting in cash!  Make sure you're maximizing your employer match.  Invest your 401K aggressively if you're comfortable with this, especially if you're young and don't need it anytime soon.Try to avoid the target date funds.  They are less aggressively invested, and they have higher fees on them.  Top 3 Takeaways:You can easily reach a traditional retirement with your 401K if you save early, consistently, and at a reasonable level.Your purchase decisions now impact you many times greater in the future because of compound growth.It takes time to build momentum, but trust us, saving now is the most important thing you can do.Show References:Friends on FIRE episode #18 - House HackingFriends on FIRE episode #016 -  401ks are your BFF!Friends on FIRE episode #114 | What's a rothIRA and do I need one?---Follow friends on FIRETwitterInstagramFacebookLinkedInLeave us a voicemail or text us: 404-981-3370eMail us at:  friendsonfiremm@gmail.comVisit our website: www.friendsonfire.org---Other LinksMaggie's Blog: Mostly Minimal LifeMike's Book: Your New Relationship with Money

The FOX News Rundown
Evening Edition: How To Handle Your Student Loan Debt

The FOX News Rundown

Play Episode Listen Later Nov 12, 2021 8:28


Millions of students will have to start repaying their student loans this January as the COVID-19 debt freeze will be lifted. The newly incurred bill will wreak financial havoc for many as they try to enter the workforce. Trey Yingst speaks to Brian Walsh, a SoFi Manager of Financial Planning and Student Loan Expert, who shares advice on how to handle this new expense in a graduate's life.