Shows
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp #133 - Back to the Future: How Our Bold Predictions for the Financial Advising Industry Held UpAdam and Ben made five “bold” predictions on the future of the advising industry back in Episode 43. Four years later, it turns out those predictions were not so bold! Listen in as they reflect on what has changed and is continuing to change for the consumer, how the importance of CFP designation and behavioral finance continue to grow, the state of advisor commissions and the role of technology in client relationships. There’s a smattering of data and some discussion on industry trends, all wrapped up with a bit of bias for the client-first, fee-only advising relationship found at Haas F...2025-03-0625 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp #106 - What is Likelihood of Success & How Can It Help Our Clients?Planning for retirement? 🏖️🌴 Discover the power of 'likelihood of success' in mapping out your financial future. Learn from Benjamin Haas & Adam Werner as they share real-life scenarios and trade-offs in our latest podcast episode. 🗂️💡 Tracking # T006524 Thanks for listening!If you want to be notified when the next episode will be released, you can: Subscribe to the Show For more insights on everyday financial planning questions, go to www.haasfinancialgroup.comContact Us:Email us at info@haasfinancialgroup.comInvestment advice offered through Great Valley Advisor Group, a Registere...2023-10-2427 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp #105 - Whiteboarding: Combining Emotions, Curiosity, & Math to Create Your Financial PlanIn the world of financial planning, it's not just about numbers; it's also about understanding emotions and priorities. Join the conversation with Benjamin Haas and Adam Werner as they reveal the detective work behind effective financial planning through what they call whiteboarding. Get ready to think differently about your finances! 🕵️♂️💰Tracking # T006201 Thanks for listening!If you want to be notified when the next episode will be released, you can: Subscribe to the Show For more insights on everyday financial planning questions, go to www.haasfinancialgroup.comContact Us:Email us at...2023-09-2121 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 95: Financial Planning For Couples Who Don't AgreeMoney is said to be one of the top causes of marital distress. We sometimes joke that meeting with your financial planner can often feel like a combination of math class and marriage counseling. A big part of advising is listening, understanding, and communicating. When couples don't agree, we try to help them focus on the points of agreement, which usually includes what matters most to both of them. Our goal is to influence the way they talk to their spouse about money through partnership and a shared vision. In this podcast, Adam and Ben talk through how we can...2023-03-1620 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 94: For God's Sake, Buy Insurance!Our experiences in life will shape the way that we think and feel about money. It's statistically impossible to run into somebody who hasn't lost a loved one and hopefully that's not a really painful story to tell. That's one reason why we talk about the role of life insurance in planning so hopefully emotional travesties don't become a financial one. In this podcast episode, we talk about the importance of life insurance and planning. Tracking # T005469Thanks for listening!If you want to be notified when the next episode will be...2023-03-0819 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 93: Things That Make You Go Huh?At Haas Financial Group we love statistics! We often play a fun game where someone has a statistic and the other person has to guess what they think it is. Oftentimes the actual answer is wildly different than what we were thinking. That proves the point that conventional wisdom is often not in line with the statistic and it leaves us trying to figure out why there is a disconnect between what somebody should be doing and what they're actually doing. In this podcast episode, we highlight some surprising facts in financial planning and investing. Will you go "h...2023-02-2123 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 92: Approaching Your Final Career Year? Get Ready For Retirement With This Checklist.In this podcast episode, we provide a checklist to help prepare for your final career year. This is partially a financial conversation, but what we've come to recognize is that during this time of change, many experience fears of getting it wrong, failure, and anticipating loneliness. There's a big psychological hurdle to approaching financial independence too. When we talk about preparing, it's really to help with those emotions and provide a sense of financial security. If you are thinking this may be your last year of work, there are also financial considerations for your bridge years. What hap...2023-02-0716 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 91: What History Tells Us To Expect From Investments In 2023Nobody wants to relive the results of last year from a market perspective. But, we can use this historical context as a guide to shape our outlook for 2023. The odds of us having a positive year this year are in our favor, even though we are still facing many of the same issues. Ben and Adam hope that giving some historical context will help investors understand what to expect from investments this year. Tracking # T005302JPMorgan Blog PostThanks for listening!If...2023-01-2619 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 90: What Is A Financial Purpose Statement?The New Year naturally presents a time for people to hit the reset button and think about what matters most to them, especially through the lens of financial planning. When your values are clear to you, making decisions becomes easier. We use your Statement of Financial Purpose as a powerful tool to help align what you're doing in your life from a financial perspective. We are big proponents of aligning your values, vision, and wealth. When we understand the context of what matters most to you, it helps us walk through the pros and cons of financial deci...2023-01-1217 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 89: The Best of Our 2022 PodcastsWe are quickly approaching the end of 2022. In case you missed some of our podcast episodes this year, Adam and Ben recap their favorites from the year. If you have some downtime during the holiday season, it may be the perfect time to take a listen!(1:59) Episode # 63: How to plan when you don't have a well-defined goal.https://www.haasfinancialgroup.com/podcast/ep-63-how-plan-when-you-dont-have-well-defined-goal(4:08) Episode # 82: How would your life change if you won the lottery?https://www.haasfinancialgroup.com/podcast/ep-82-how-would-your-life-change-if-you-won-lottery(6:40) Episode # 69: Managing investments by myself. Should I or shouldn't I...2022-12-1524 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 88: Your Year-End Financial ChecklistIn this episode, we run through some financial housekeeping items to cross off before the end of the year.Retirement account deadlines - employer plans, IRA, Roth IRA contribution limits and timingRoth conversions - what it is and why you may want to consider itWhat are Flexible Spending Accounts and Health Savings AccountsWhat is tax loss harvesting and how does it workEducation fundingHoliday spending tipsTracking # T004784Thanks for listening!If you want to be notified when the next episode will be released, you can: Subscribe to the Show For more...2022-12-0129 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 87: Flipping Your Mindset From Saver To SpenderChange can be hard, especially when transitioning into retirement and figuring out new routines in life. You may be surprised to realize it's hard to change your pre-retirement mindset of saving to a post-retirement mindset of drawing down your investments. Now your savings is finite. We can help you overcome the fears of: Did I save enough? How do I know when I'll run out of money? Where do I pull money from? Our goal is to help you balance that excitement of doing the things you want to do during the go-go years of your retirement by making a...2022-11-1620 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 86: Do Elections Matter For Investment Returns? No, but Yes!How big of an impact do mid-term elections have on investment returns?Historically mid-term election years have been poor performing investment years. The good news is that the year following a midterm election year, the S&P 500 has been higher every single time since 1950. Getting on the other side of elections should be good news for investment returns. The most important thing is staying the course. In times of doubt, review your financial plan to make sure it still fits. Tracking # T004737Sources:https://am.jpmorgan.com/us/en/asset-management/protected/ad...2022-10-3118 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 85: Emotions. The Silent Financial Planning Killer.Are we all doomed? It feels like almost everyone is struggling with emotional fatigue right now. When's the last time things felt normal? The negative headlines on safety, war, inflation, politics feel even worse when you're seeing your savings and investments go down and your expenses and spending increasing. We recognize resiliency is not easy. We are here to review your retirement plan, review it often, and make changes when necessary through our financial planning process. In this podcast episode, we discuss the importance of staying on your financial path so investments don't affect your big picture plan...2022-10-1718 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 84: 529 For College Savings? Not So Fast!Saving for college is something that definitely matters to a lot of those that we work with (parents and grandparents) because continuing education is important, and because it’s not cheap! Student loan debt is all over the news. In the absence of saving, you’re stuck with loans. In this podcast episode, Ben is joined by our newest member of the Haas Financial Group team, Mike Hendrickson. They discuss the different ways you can think about saving for college, and perhaps more specifically, why the very popular 529 Plan may NOT be the right fit for you. Trackin...2022-10-0419 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 83: Discussions For When The Social Security Election Decision Isn't Clear CutMost people aren't comfortable talking to others about money. But, Social Security is a universal financial topic that most feel okay with discussing with others because we all get to make an election decision by age 62. More than 50% of people choose to take Social Security early because they need the income in retirement. But what if your decision on when to elect Social Security isn't apparent? What could sway you one way or another to elect or not? The Social Security decision is truly situational and financial planning can help. In this podcast episode, we discuss how we w...2022-09-2020 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 82: How Would Your Life Change If You Won The Lottery?If money wasn’t an obstacle, would you change anything about your life? Then the most important follow up question: WHY? This podcast is not only for those living in the lottery world. If we truly believe that money is the tool that's going to help you live the life you want to live, then we need to think about what you value most. In our planning process we will ask questions to get you thinking about what you value. This may go outside your comfort zone, but our goal is to help you figure out how to ali...2022-08-2422 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 81: Helping Financial Advisors Enhance Client Outcomes with Brendan FrazierHaas Financial Group is inspired by Brendan’s passion around “the human side of advising”. Historically, the financial services industry was more focused on training around numbers, spreadsheets, and market commentary. Those things are 100% required and necessary but, there’s a whole other realm of the relationship that has to do with behavior, psychology, and communication.In this episode, Ben sits down with Brendan to discuss practical tips and insights to apply behavioral finance into our financial planning practice. Brendan's mission is to provide the training that every advisor needs but never received in courses, designations, and certifica...2022-08-1048 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 80: Financial Next Steps To Take After Losing A SpouseLosing a spouse can be a very difficult and emotional time. There's so much to do and to work through emotionally, financially, and physically. In this episode, we help to decipher what needs to happen now, what can be done soon, and what financial things can be handled later. We provide a checklist of small steps to take to feel like you are making progress in this new chapter of your life, but also allowing time to figure out what you'd like to see happen in the future.· Now: first two weeks· Soon: 2-8 weeks· Later: 3-6 months2022-07-2816 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 79: Midyear Investment Outlook 2022We're halfway through the year and it's time for us to share themes from those that focus on investments - LPL Financial, Blackrock, JP Morgan, Nuveen, etc. They don't agree on what the second half of the year looks like. There are common statements and themes, but a wide range of potential outcomes. In this podcast episode we discuss the general themes and the outlook for the second half of the year.Sources:https://www.blackrock.com/corporate/literature/whitepaper/bii-2022-midyear-global-outlook.pdfhttps://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/ins...2022-07-1925 minA/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 78: Shifting Focus From Control To Influence When PlanningWe want to focus on what we believe financial planning is and that's helping point people in the right direction, making sure they understand the difference between things they can control and things that they can only influence. When you focus on controlling the things you can, your likelihood of success goes up significantly. It's when you drift into focusing on things you can't control or you choose to react to things you can't control, that's when self-sabotage gets in the way. In this podcast episode, we discuss the things you can control and the things you can influence ev...2022-07-0621 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 77: How To Digest Sensationalized Financial Media HeadlinesNavigating through all the news can be difficult especially when the media and articles are designed to elicit a response. Are you scared to open your statements knowing we're in a bear market? To see and feel your money shifting, and with the news telling you the market is going down, it's very natural and human to boil up with emotion and question if you need to do something different with your investments. We want to be the filter for our relationships and focus on the important information that may directly affect you. This is why we lead our con...2022-06-2218 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 76: Making Lemonade - Time For A Roth Conversion?Those that have accumulated wealth may want to limit their taxes and keep what they have, if not for themselves, but for their heirs. The stock and bond market has given us a lot of lemons to work with this year. If one of your goals is to limit your taxes over time, now may be the perfect time to do a Roth conversion with the market being down. Ben and Adam discuss Roth conversions and how or why they may fit into your long-term financial plan.Tracking # T004062Thanks for listening!If you...2022-06-0617 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 75: How To Make Your Estate Settlement Easier For Your ExecutorThe estate settlement process can be long and overwhelming for those going through it. But when you have a checklist prepared with the details and what to expect, you may find it a bit easier than you first thought. If you've been named as executor, there are things you can prepare for prior to the estate settling process. This will help to properly execute on the deceased wishes in a timely manner.Listen to this podcast episode to feel confident with the process to properly settle an estate. Tracking # T003935Thanks for listening!2022-05-2525 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 74: Investment Losses Hurt. Avoid These 5 Mistakes!Markets are volatile. Investment losses can hurt, but they're going to happen if you're investing. In this podcast episode, we identify five common investor mistakes that set people back when they take short-term losses and compound the problem by feeling like they need to do something different. We feel that if you want long-term success, these are five things you should avoid doing, even when you get emotional: Stop saving and contributing to your investment accounts Selling when the market is downChasing trends & returns when things are going well (fear of missing out)Paying too close att...2022-05-1024 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 73: Tips When Financially and Emotionally Sandwiched Between Supporting Kids and ParentsThe sandwich generation is defined as people who are still working, most likely in their 30's or 40's, that are responsible for bringing up their own children while caring for aging parents both physically and financially. They are feeling caught between two potentially difficult situations, all while trying to focus on their own retirement as part of that process. This podcast episode discusses the human side of what we do. There is not a spreadsheet or a financial planning program out there where you can plug these variables into the tool and it is going to tell you...2022-04-2016 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 72: Giving While Living: Helping Family Beyond Just Writing A CheckIn this podcast episode, Adam and Ben talk about the different ways to give money to family beyond just writing a check. We discuss how our financial planning process helps determine if you can afford to gift now, the best way to go about it, and any tax laws that you should consider. If you wish to pass along your wealth to a loved one while living rather than leaving behind an inheritance or legacy, check out this episode!Tracking # T003806Thanks for listening!If you want to be notified when the next ep...2022-04-1323 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 71: How Do I Lower My Tax Bill?While there isn't a silver bullet that can shield all your money from taxes, this podcast episode focuses on proactive and reactive strategies to help defer taxes if you have excess income. We focus specifically on tax liability while exploring different investment vehicles to help you allocate your assets appropriately, depending on your financial goals. And, we discuss factors that may drive your taxable income higher.Tracking # T003767Thanks for listening!If you want to be notified when the next episode will be released, you can: Subscribe to the Show For mo...2022-03-2821 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 70: Who Knew Your Spouse's Age Could Complicate Retirement Planning?The key to any successful financial plan is making sure you use reasonable assumptions. An age gap between spouses can have an impact on irrevocable decisions such as: when to retire, the best time to elect Social Security, pension decisions, and estate planning - just to name a few! In this podcast episode, Adam and Ben discuss how an age disparity in couples can impact your financial life and why it's important to make conservative assumptions if you are in this situation. Tracking # T003745Thanks for listening!If you want to be notified whe...2022-03-2219 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 69: Managing Investments By Myself. Should I or Shouldn't I?We are often asked the question "should I manage my own investments or is that something I should let a professional handle?" While there is no black and white answer, the first step is to decide whether or not you want to take on that responsibility. Next, develop a process to follow when making decisions around your investments. Your investment plan should be the guide to making these important decisions and help answer questions such as, "when is the right time to rebalance the portfolio? What should the process be when I need to withdraw money? "In thi...2022-03-1520 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningSpecial Episode: Our Take On What Russian Aggression Means For Your InvestmentsThis special podcast episode for A/B Conversations discusses the potential impact the Russian invasion of Ukraine may have on investments and financial planning. We're far from experts on the crisis and the outcome is still unknown at this point in time, but we do want to try to be experts on client communications and financial planning. We can draw some parallels by using historical data from prior wars and other conflicts to predict how the market will react. We look at investing through a long-term lens and we know the market is more forward looking than we tend to...2022-02-2823 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 68: Can I Afford To Retire At The Same Time As My Spouse?Have you ever thought about retiring at the same time as your spouse? Part of our job is figuring out if retiring at the same time is financially possible, but it’s also making sure that both partners are ready to commit to the next phase of life. There’s a lot of things to consider other than the financials. Are you emotionally and mentally ready to make that transition to retirement? And, often times couples have not even seriously discussed retirement timelines with eachother. Our goal is to ask questions so we may understand our clients' unique situations as we...2022-02-2523 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 67: What Should I Do With My Old Products?In our financial planning process, we assess any products you may own, such as life insurance or annuities. Next, we provide education on the implications of being contracted to that product. Our goal is to review if there are better options available to you, ultimately to decide if you should be doing something different. If you are unable to move away from the product, we discuss ways in which it may fit into your financial plan to help align your financial life in a way that helps you reach your broader financial goals. Tune in to listen to Ben a...2022-02-1825 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 66: Bringing Two Financial Lives TogetherWhether you’re about to get married or you’re coming from previous relationship and entering a new one, there’s a lot of financial questions that ensue. Is it best to keep your financial lives separate, intertwined, or somewhere in the middle? There isn’t an easy answer and it depends on you feel, but there is some financial planning that should occur no matter what the result is! Take a listen to Adam and Ben giving a few ideas of what you should be considering when bringing two financial lives together. Tracking # T003558Thanks fo...2022-02-0821 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 65: Best Ideas For Being Opportunistic in 2022The stock market is off to a rocky start in 2022. How can we be opportunistic with a market that is flat or down? It's all about perspective! Listen to Ben and Adam talk about strategies for turning a down market into something positive for your portfolio in this podcast episode. Tracking # T003588Thanks for listening!If you want to be notified when the next episode will be released, you can: Subscribe to the Show For more insights on everyday financial planning questions, go to www.haasfinancialgroup.comContact Us:2022-02-0418 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 64: The Concept Of The Final Financial PlanIn this podcast episode we explore the concept of the Final Financial Plan. The Final Financial Plan is essentially a roadmap for those that are left to help settle the estate, such as the executor or trustee. It lays out where any important information is and how to access financial accounts. This document serves as a guide for organizing any wishes that typically wouldn't be put in a will. It is not a legal document but really just adds instruction and clarity to the estate settlement process. Listen to Ben and Adam give all the details of what is inclu...2022-01-1420 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 63: How To Plan When You Don't Have A Well-Defined Goal.What if you can't come up with well-defined financial goals? In this podcast, we discuss ways to help get you on the right path without having a perfectly defined endpoint in mind at the beginning. In our planning process we focus on aligning your behaviors to the values that matter most to you. Tracking # 1-05231817Thanks for listening!If you want to be notified when the next episode will be released, you can: Subscribe to the Show For more insights on everyday financial planning questions, go to www.haasfinancialgroup.com2022-01-1216 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 62: Where Should I Save? Here's The Pecking Order.What’s the best way to go about saving money? The pecking order of savings, like many things in financial planning, is dependent on an individual's situation. During our financial planning process we will have to make certain assumptions, especially around taxes and compensation later in life, but we focus on doing the most efficient thing that we can, while still offering some flexibility. Diversification of savings for accessibility and taxes in the future is key. We have a process to go through this with you. Listen to us discuss our process for defining a pecking order of savings for so...2021-12-2020 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 61: 2021 Year End Investment ReviewYou can weather the storms in the market when they happen by having all of your fundamentals in place. This includes “bucketing” your assets and staying the course in your financial plan and blocking out all the noise that occurs while investing. Ben and Adam talk about different ways to feel confident with your investments by recapping 2021’s market environment and staying the course as we enter into 2022 not knowing what the market will do. Tracking # 1-05220729Thanks for listening!If you want to be notified when the next episode will be relea...2021-12-1025 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 60: Health Before Wealth. Tips For Improving Healthspan with Stevyn Guinnip, MSEd, CWCWe have a special guest, Stevyn Guinnip, on this episode of A/B Conversations! Stevyn Guinnip, MSEd, CWC is the CEO and Wellthy Advisor at Grow Wellthy™. She is also the creator of the Wellth Academy™. She grew up a financial advisor's daughter & enjoyed 20 years as an exercise physiologist and certified wellness coach in the US & Australia. Now Stevyn has blended the world of finance & fitness, helping financial professionals and their clients earn back their health so they can retire ‘wellthy.’ Listen to Ben and Stevyn discuss how the health and wellness industry is closely tied to th...2021-12-0329 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 59: More Than Just Finances: Other Surprising Results From The 4 Pillars Of Retirement Study by Edward JonesRecently, Edward Jones put out the 4 Pillars of Retirement study, which was comprised of health, purpose, family, and finance. In this podcast episode, Adam and Ben discuss the findings, some of which were surprising. Throughout the survey results it was abundantly clear that the first three pillars held more weight than the wealth or finance side of retirement. In fact, did you know that 96% of retirees said that health is more important than wealth in retirement? Listen to us discuss the full results and how we believe the human side of finances plays an important role in finan...2021-11-2929 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 58: Using Your Money To Help Loved Ones"One of the most heartening finding in this study is that the pandemic has led to a notable spark in generational generosity. One in three (34%) adult Americans, 85 million people loaned or gave money to a family member or friend who was impacted by the pandemic" Source: https://www.edwardjones.com/sites/default/files/acquiadam/2021-01/Edward-Jones-4-Pillars-US-report.pdfHave you ever gifted or loaned money to support a loved one? Are you considering gifting or loaning money to support a loved one? Listen to this podcast episode to understand different scenarios for doing so and the...2021-11-1217 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 57: The Tax Benefits Of Investment LossesNo one likes to lose money, but once in a while it can actually be a good thing! If you own a non-retirement account or basically any investment outside of your retirement assets, you can deduct a loss on your tax return. There is a limit and some caveats in order to deduct your losses. To find out all that it entails, check out this podcast episode! [1:33] What is tax loss harvesting and what type of accounts does it affect?[3:36] Why is it important?[5:36] When is a good time to review investments?[6:32] How much c...2021-11-0219 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 56: Considering A Big Purchase In RetirementHave you been considering a big purchase but you’re concerned you can’t afford it since you’re retired? Is making a large purchase in retirement a smart idea? What is the most efficient way to buy a large purchase in retirement? We believe it comes down to two things: can you afford it and what is the most efficient way to go about it. Listen to this episode to hear the logistics of how we would use financial planning to answer those questions.[2:50] Feedback on affordability of the decision[7:06] Getting a loan vs. paying for th...2021-11-0120 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 55: Planning Focuses When Growing WealthAsset accumulators have a long runway until retirement. Starting the financial planning process early builds a solid financial foundation to ensure success in the future. Those starting out have competing goals, such as saving for retirement, buying a larger house for a growing family, paying down debt, or saving for their kids’ education. With all these financial aspirations, which one should be prioritized? That’s where financial planning comes in! Listen to Ben and Adam talk about our subscription-based planning process, where we take the time to think about your resources, your goals, your values, your opportunities, and yo...2021-10-2518 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 54: Strategies To Protect Your SavingsIn this A/B Conversations episode, we discuss asset protection strategies. People want security in life by having safety nets in place when life happens and the unexpected occurs. Luckily, there are strategies to protect financial wealth! Our goal at HFG is to provide the education and plan for the what if’s that happen. Listen to find out more! [3:16] What do we mean by protecting assets?[4:02] Areas to focus on: Investments[7:06] Areas to focus on: Insurance[9:03] Areas to focus on: Taxes[11:41] Areas to focus on: Estate Taxes[14:24] Protection against litigation/identity thef...2021-10-1819 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 53: Don't Fall Into Open Enrollment. Tackle It Head On!Open enrollment comes once a year and is a great time for you to review your work benefits and update them to better fit your current financial life. Life changes. What you may have originally picked for your health benefits might not be the best fit anymore for you and your family. Making sure that your work benefits line up with all the other pieces of your financial life is important so it fits into the grand scheme of your financial plan. In this podcast episode, we give education around what you should focus on during open enrollment time.2021-10-1121 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 52: What Is Your Net Worth and Why Is It Important To Know?In this podcast episode, we talk about what net worth is, what makes up net worth, and what it actually means. We also discuss why not all net worths are created equal, how net worth changes depending on your phase of life, and why liquidity is important. We want to help you grow your net worth to the point where it supports you for the rest of your life.[1:52] What is net worth?[5:47] Not all net worths are created equal[8:42] Tracking your net worth depending on your phase of life[12:18] Why liquidity is important2021-10-0718 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 51: How Do We Get Compensated?In this podcast, we clarify our fees and how we get paid. We believe everyone should be paying for advice through a financial planning process. We explain our process, the two ways we can get paid for financial planning, and how we get compensated for providing investment advice by managing assets. [3:02] Right now, we are fee-based[4:19] The two ways we get paid[5:04] Initial meeting & the proposal are free of charge[6:52] Our quoted fee is the fee[8:35] Subscription-based planning[12:21] Getting paid through investment management[15:28] Do I have to pay for trading?[16:47] Act...2021-09-2722 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 50: Is Long-Term Care Right For Your Retirement Plan?Most people that want to transfer the risk of long-term care, were people who experienced needing to care for their own aging parents. They don’t want to become a burden on their kids. For everyone else that hasn’t experienced the need for care, we hope this podcast helps sets the stage for what long-term care is, how we plan for it, and what your options are.[2:13] Recognizing the things that could get in the way of a successful retirement[3:15] What is long-term care?[5:36] Does Medicare or traditional health insurance cover long-term care?[7:50] How...2021-09-2326 min
A/B Conversations: CFP® Your Way Out Of It – Real Advice on Building Wealth & Retirement PlanningEp # 49: Our Bread & Butter - Retirement Planning 101If you're wondering if you're on track with your retirement goals, or if you can retire when you want to, or you have enough saved - then this episode is for you! Retirement is a big decision. Listen to Ben and Adam talk about achieving confidence in your decision by going through our retirement planning process together.[1:17] Common retirement questions[3:08] Retirement variables[4:10] Figuring out together if retirement is possible[6:28] Our approach to making retirement assumptions[10:21] Looking at variables that we can control[11:16] Using projections to generate conversations[13:14] What retirement variables are t...2021-09-1518 min