Shows
Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®How TALS Help You Reduce Taxes and Stay Invested (The Full Series)Get your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth
Over the past month, we released a six-part video series breaking down how ultra-wealthy investors think about taxes, and more importantly, how they legally minimize them.
In this episode, we’ve stitched the entire Tax-Aware, Long-Short (TALS™) Strategy series together to allow you to hear the full framework in one place, and we’re making it our year-end podcast episode. We’ll talk about why traditional tax strategies fall short for high earners, how advanced tax-aware investing actually works, and the inve...
2025-12-3153 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®How You Should Be Using Roth Accounts: Before and After RetirementGet your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth
Roth IRAs and Roth 401(k)s are powerful tools — but most people use them without a clear strategy. In this episode, Tyler Emrick, CFA®, CFP®, breaks down how to think about Roth accounts before retirement, after retirement, and even how they impact your spouse and your legacy.
We’ll explore how to decide between pre-tax and Roth contributions while you’re still working, why your tax bracket today may not be your tax bracket in the future, and how early retirees...
2025-12-1136 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®How Long Will Your Money Last? The Real Math Behind Retirement SuccessGet your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth
Most retirees worry about whether their money will last—but few understand the real variables that determine success. In this episode, we go beyond the usual “spend less, earn more” advice and unpack the math that truly drives a sustainable retirement: the rate of return you actually need, how to stress-test your portfolio against bear markets, and why flexible withdrawals can extend the life of your nest egg.
Tyler Emrick, CFA®, CFP®, walks through how a real financial plan uses Monte Ca...
2025-11-2635 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®How to Get A $25,262 Healthcare Tax Credit Even If You Are AffluentGet your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth
For many retirees, healthcare costs before Medicare can be one of the biggest financial shocks — often exceeding $25,000 a year. But with the right planning, that same $25,000 can turn into a tax credit instead of an expense.
In this episode, Tyler Emrick, CFA®, CFP® dives into how the Affordable Care Act’s (ACA) Premium Tax Credits work, what is and what isn't expiring after 2025, and how affluent retirees can still qualify through smart income control. From understanding Modified Adjusted Gross Income (MAGI...
2025-11-1341 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Gift Smarter: Tax-Wise Giving to Family and CharityGet your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth
In this episode of Retire Smarter, Tyler Emrick, CFA®, CFP®, breaks down how to gift smarter — whether your goal is to support family or give back to charity.
With the One Big Beautiful Bill Act (OBBBA) reshaping charitable deductions starting in 2026, now is the time to rethink your strategy. Tyler explains why cash may not be the best asset to give, how Donor-Advised Funds (DAFs) and Qualified Charitable Distributions (QCDs) can maximize your tax efficiency, and what to know about new...
2025-10-2331 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Structure Matters for Tax Efficiency: From Mutual Funds, ETFs, SMAs to Tax-Aware Long-ShortGet your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth
Most don't realize how important structure and strategy impacts an investment's tax efficiency.
Tyler Emrick, CFA®, CFP®, breaks down how investment vehicles — from mutual funds to ETFs, Direct Indexing, and Tax-Aware Long/Short (TALS™) strategies — impact your after-tax returns.
Learn why mutual funds can surprise you with taxable distributions, how ETFs use in-kind redemptions to avoid them, what SMAs are and how they may help, and how modern innovations like long-short overlays unlock new levels of tax efficiency.
He...
2025-10-0932 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Year-End Tax Planning & Tax-Smart Retirement Withdrawal StrategiesGet your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth
It will soon be that time of year again … the fourth quarter. Before you get swept up in the holiday season, it’s the perfect time to take stock. Have you accomplished the financial goals you set for yourself this year? If not, there’s still time to act.
In this episode, Tyler Emrick, CFA®, CFP®, walks you through True Wealth Design’s year-end tax and investment review process — our end of the year tax focused meeting to help families stay on trac...
2025-09-2528 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®$1M Saved for Retirement – Can I Retire?Get your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth
In today’s episode, we’re tackling the big question: Can you really retire with $1 million?
We’ll look at what the data says about how much people actually have saved
How other assets like Social Security and pensions fit in, why your spending patterns matter more than you think
Then we will finish up with the key planning opportunities — that can make all the difference.
If you’ve ever asked yourself, “Do I really have enough to retire?” this episode will he...
2025-09-1141 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Lessons from the Ultra-Wealthy: Smarter Planning for Real LifeGet your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth
What do ultra-wealthy families prioritize when it comes to their money — and how is that relevant to your own retirement plan?
In this episode, Tyler Emrick, CFA®, CFP®, breaks down the top three concerns that shape how the wealthiest families plan — and why those same issues are just as important for families with $1–$5 million of wealth.
You’ll learn:
Why inflation, elections, and market volatility are changing how people think about risk
How to protect your wealth from threa...
2025-08-2836 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Deferred Compensation in 2025: What’s Changed, What to Watch For & New Planning OpportunitiesGet your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth
Deferred compensation plans can be a powerful retirement tool — but they’re often misunderstood and carry unique risks. In this episode, Tyler Emrick, CFA®, CFP®, breaks down how these plans work in 2025, from 409A rules to 457(b) and 457(f) plans that are especially common in the healthcare industry. We’ll cover why so many executives and physicians use them, how payout rules can trigger unexpected tax bills, and what happens when your employer is acquired — including timely insights for those in Northeast Ohio as Su...
2025-08-1426 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®The Big Beautiful Bill Act Could Change Your Retirement Plan — Here’s HowGet your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth
Congress passed the One Big Beautiful Bill Act — the biggest tax overhaul since the 2017 Tax Cuts and Jobs Act — and it could change the way you plan for retirement. From a brand‑new $6,000 senior deduction to new rules for charitable giving and major shifts in healthcare subsidies before Medicare, the law creates both new opportunities and new pitfalls for retirees and pre‑retirees.
In this episode, Tyler Emrick, CFA®, CFP®, unpacks what the changes really mean for you. We’ll explore how...
2025-07-3136 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Over 800 Pages of Taxes: Don’t Worry, We Read It So You Don’t Have ToGet your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth
The One Big Beautiful Bill Act is over 800 pages long and packed with tax changes that impact retirees, individuals, and small business owners. From expanded standard deductions and new senior tax breaks to permanent small business deductions and the end of many green energy credits, this bill reshapes key parts of the tax code — at least for the next few years.
In this episode, Tyler Emrick, CFA®, CFP®, breaks down what’s actually in the bill and what it means for yo...
2025-07-1033 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Cybersecurity and Your Retirement: Protecting What You’ve BuiltGet your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth
Retirees are increasingly targeted by cybercriminals — and the scams are getting more sophisticated. From fake emails and stolen phones to account takeovers and SIM card fraud, even cautious investors can be at risk.
In this episode, Tyler Emrick, CFA®, CFP®, shares a real story of an attempted security breach involving a True Wealth Design client — and what made the firm catch it before damage was done. You’ll learn the most common cybersecurity threats facing retirees, how to secure your financia...
2025-06-2636 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Costly Retirement Mistakes To Avoid Before It’s Too LateSome retirement mistakes are obvious. Others are silent — slowly eroding your plan year after year without setting off alarms. From investing the same old way to ignoring tax planning and claiming Social Security without a strategy, these missteps can cost you more than you think.
In this episode, Tyler Emrick, CFA®, CFP®, walks through five of the most common — and avoidable — financial mistakes people make in and near retirement. You’ll walk away with practical strategies to strengthen your plan, avoid missteps, and make more confident decisions as you approach — and live in — retirement.
Whether you're five ye...
2025-06-1242 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Warren Buffett’s Final Chapter: Purposeful Wealth and Practical PlanningWarren Buffett announced his retirement as CEO of Berkshire Hathaway at the company’s 2025 annual meeting — marking the end of one of the most legendary investing careers in history. But his lessons aren’t just for billionaires or portfolio managers. They’re surprisingly relevant for anyone approaching retirement or looking to live more intentionally with their wealth.
In this episode, Tyler Emrick, CFA®, CFP®, explores the timeless wisdom behind Buffett’s philosophy—from staying invested through downturns to making confident decisions when fear is high. We also discuss how a strong financial plan helps you make purposeful choices: knowing when to spend, when...
2025-05-2931 min
The 9Innings Podcast(Ep.130): Top 3 Financial Designations: CFP®, CFA, CPA – What’s the Difference? #fiduciaryWelcome to the 9Innings Podcast where we Educate, Empower and Engage. ON THIS WEEKS PODCAST: In this episode of the 9Innings Podcast we explore the "alphabet soup" of financial industry designations: CFP, CPA, and CFA. Kevin explains that CFPs are the gold standard in financial planning, emphasizing their fiduciary duty to act in clients' best interests. CPAs are highlighted for their expertise in tax preparation and financial reporting, with an additional credential for financial planning. CFAs are recognized for their investment analysis mastery, requiring extensive study and experience. Understanding these designations helps consumers make informed decisions about...
2025-05-2015 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®One Year from Retirement: A Critical Window for Planning and PerspectiveWhen you're 12 months away from retirement, everything starts to feel real. From hard deadlines like pension elections and Medicare sign-ups to emotional shifts around identity and purpose, this final year before retirement can feel like a perfect storm.
In this episode, Tyler Emrick, CFA®, CFP®, explores the unique challenges clients face in this transition — and how the financial planning process needs to evolve accordingly. You'll hear how True Wealth Design helps clients navigate not just the dollars and cents, but also their lifestyle risk, time horizons, and the often-overlooked emotional aspects of leaving a long career behind.
Here’s some of...
2025-05-1539 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Should You Roth? Making the Right Call at the Right TimeNot all Roth dollars are created equal—especially during times of market volatility.
In this episode, Tyler Emrick, CFA®, CFP®, unpacks when Roth contributions, conversions, or pretax savings make the most sense, and how recent market declines may present timely Roth conversion opportunities.
You'll learn how to be strategic with what assets you convert, when conversions might come with risks, and how tools like the mega backdoor Roth can help high earners build tax-free wealth. Whether you're retiring early or just looking for more tax-efficient growth, this episode offers practical guidance for getting Roth right.
2025-04-2431 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Tariffs, Turbulence, and How To Stay On TrackMarkets have been shaken by a sharp selloff, with the S&P 500 down around 15% and the Nasdaq nearly 20% year-to-date. Much of the recent volatility is being driven by escalating trade tensions and a new round of tariffs that took effect on April 9.
In this episode, Kevin Kroskey, CFP®, and Tyler Emrick, CFA®, CFP®, unpack what’s driving the recent market moves — from global supply chain disruptions to shifting investor sentiment and international dynamics.
Here’s some of what we discuss in this episode:
📉 Why the market hates uncertainty—and how that’s showing up now
⚖️...
2025-04-1051 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Don’t Panic: Navigating Market Downturns and Boosting After-Tax ReturnsIf the recent market drop has you feeling uneasy, you’re not alone — but sharp swings are regularities you need to navigate. The S&P 500 and Nasdaq have both taken hits this year, but history shows that intra-year declines like these are common and something long-term investors have weathered time and again.
In this episode, Tyler Emrick, CFA®, CFP®, breaks down recent market moves, highlights where diversification is working, and shares how tax strategies and disciplined rebalancing can help keep your investment strategy running smoothing and financial plan on track.
Here’s some of what we discu...
2025-03-2730 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®The Next Big Tax Shake-Up: How a New Tax Bill Could Impact YouBig tax changes could be coming soon!
On February 25, the House passed a budget resolution setting a $4.5 trillion cap for a new tax bill that could replace the Tax Cuts and Jobs Act (TCJA) before it expires at the end of 2025. But what will the new law look like, and how will it impact your financial plan?
In this episode, Tyler Emrick, CFA®, CFP®, breaks down the key debates in Congress, what changes might be coming, and how you can prepare now to optimize your tax strategy.
Here’s some of what we disc...
2025-03-1327 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®The Advisor Premium: More Than Just Investment ManagementAre you leaving money on the table?
For families weighing their options when choosing a financial advisor, Vanguard’s Advisor Alpha study has long been the go-to guide—and now, fresh research from SmartAsset echoes the sentiment that the right advisor could boost your net returns by over 2% annually.
In this episode, Tyler Emrick, CFA®, CFP®, reveals why many advisors miss that extra edge and how True Wealth Design’s holistic approach—integrating smart investments, proactive tax strategies, and comprehensive financial planning—ensures you capture every opportunity.
Here’s some of what we discuss in thi...
2025-02-2736 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Home Sweet Retirement: A Guide to Your Perfect Retirement StateRetirement isn’t just about your savings—it’s also about where you choose to live.
In this episode, Tyler Emrick, CFA®, CFP®, explores WalletHub’s 46-factor framework for ranking states for retirees, examining everything from tax rates and cost of living to leisure opportunities and healthcare access. We also unpack the key financial and personal considerations, such as state taxes on Social Security and the importance of staying close to loved ones.
Tune in for practical insights to help you pick the retirement destination that fits your lifestyle and financial goals.
Here’s so...
2025-02-1329 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Money, Memory, and Longevity: Navigating Retirement ChallengesCan money really buy a longer, healthier life?
In this episode, Tyler Emrick, CFA®, CFP®, dives into the surprising connection between wealth and longevity, uncovering how financial freedom can unlock better health, reduced stress, and more fulfilling retirement years.
We also tackle the challenges of cognitive decline, exploring its impact on financial decision-making and how a trusted financial advisor can help safeguard your investments and create a solid aging plan to spend smarter, plan better, and protect your legacy as you age.
Here’s some of what we discuss in thi...
2025-01-2325 min
Off StreetEp. 92: InaugurationWelcome to Episode 92 of Off Street: The official podcast of the Marshall Financial Investment Team. In today’s episode, Adam and Sean discuss:
· Does the NFL have an officiating problem?
· Notre Dame lost the CFP Championship but won the money battle
· Value of college football powers vs. other schools' entire endowments
· JPMorgan CEO Jamie Dimon thinks asset prices are “inflated”
· What matters more for today’s market: the Fed or the President?
They finish up with "Uncorrelated" stories about the historic snowstorms gripping the southeastern US, as well as the heated pickleball noise debate dividing one of the nation’s richest enclave...
2025-01-2226 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Big Changes to Social SecurityThe Social Security Fairness Act is shaking up the retirement landscape, eliminating the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) for millions of retirees. These long-standing provisions have impacted Social Security benefits for public sector workers like teachers, firefighters, and police officers—until now.
In this episode, hear Tyler Emrick, CFA®, CFP® dive into what the changes mean, how retirees can expect retroactive payments, and the broader impact on the Social Security system.
Here’s some of what we discuss in this episode:
Background on the Social Security Fairness Act that was signed...
2025-01-0922 min
Wall Street Vision Investment Podcast64. What You Should Consider for End-of-Life Planning - Greg Barnsdale, CEA, CFP, LFDI recently spoke to Greg Barnsdale, author of "Do Not Ignore Your Mortality" and veteran of the funeral and financial planning industries.
Greg shared his unique insights from vast experience as both a funeral director and financial planner.
His work focuses on helping people navigate end-of-life planning and estate preparation.
🎧 Listen to this episode to discover:
✅Why roughly 50% of North American adults don't have a will and what to do about it
✅ How to have difficult but crucial end-of-life planning conversations with family members
✅ The lates...
2024-12-2444 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®The Case for Patience: Why Waiting for Social Security Pays OffIn this episode, Tyler Emrick, CFA®, CFP®, explores the key financial and psychological factors driving early Social Security claims. Discover how a well-optimized strategy could boost your lifetime spending by more than 10%.
Your Social Security decision isn’t just about dollars and cents—it’s a critical piece of your retirement puzzle. Join us to learn how to sidestep common pitfalls, maximize your benefits, and secure a more confident, fulfilling retirement.
Here’s some of what we discuss in this episode:
What research and stats tell us about the benefits that get left on the table...
2024-12-1931 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Part 3: The Long and Short on Tax-Aware, Long-Short (TALS) InvestingRemember in 2022 when both stocks and bonds fell in lockstep? Did you think diversification failed? Want to build a more diversified, resilient portfolio to better grow and protect your hard-earned dollars?
Hear Kevin Kroskey, CFP®, MBA discuss how the TALS strategy adds unique sources of returns to your portfolio outside of traditional stocks and bonds.
Here’s some of what we discuss in this episode:
How this strategy helps with asset allocation and tax efficiency.
The strategy involves long and short positions in a basket of stocks.
Who are the clients that would benefit the...
2024-12-0537 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Part 2: The Long and Short on Tax-Aware, Long-Short (TALS) InvestingHave a sizable brokerage account? Have unrealized capital gains? Pay income taxes at the highest rates? Want to pay your fair share but no more? If so, this is an episode not to miss.
In part 1 of this series, Kevin Kroskey, CFP®, MBA explored why adding the TALS strategy may yield significant investing and tax benefits. He described how TALS can help you defer, avoid, and potentially eliminate your capital gains.
For the most successful investors that meet the definition of an SEC Qualified Purchaser, generally one with $5m+ of investments, there is another leg t...
2024-11-2148 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Part 1: The Long and Short on Tax-Aware, Long-Short (TALS) InvestingFor successful investors and high-income earners, this is an episode not to miss...
Sure, you can own an S&P 500 ETF or mutual fund.
You could also own the 500 stocks individually, a strategy nowadays called direct indexing. Direct indexing aims to capitalize on individual stock volatility and add tax benefits by harvesting losses.
Or you may choose to go a step farther up the complexity ladder to own the 500 stocks individually with a tax-aware, long-short overlay. Let's call that TALS for short. Here you expect to obtain the return of the S&P 500...
2024-11-0845 min
Stuff About Money They Didn't Teach You In SchoolEpisode 76: Investing in Quality: A Conversation with Kevin Caron, CFAIn this episode of the "Stuff About Money" podcast, hosts Erik Garcia, CFP®, BFA™, ChFC®, and Xavier Angel, CFP®, ChFC®, CLTC, discuss investing with Kevin Caron, CFA, Senior Portfolio Manager for Washington Crossing Advisors. They explore the firm's investment philosophy, focusing on quality companies with a track record of consistent growth and profitability. Kevin explains their emphasis on businesses that are well-capitalized, with low debt and attractive valuations, ensuring a focus on durability and predictability. The discussion also touches on the strengths and limitations of this investment approach, including when it performs well and potentia...
2024-11-0542 minWall Street Vision Investment Podcast63. What's Really Going on with AI? (Key Things to Know Now)Wall Street Vision is back after a break!
You might be wondering why we’ve had so few episodes this year –- Well, I had a professional goal of completing the Certified Financial Planner (CFP) designation, and that took a whole lot of study hours!
I completed the CFP program courses and passed that exam, so now I’m very excited to have more time that I can devote to the podcast again.
This episode is all about AI.
Join us for a comprehensive overview of artificial intelligence (AI), covering its recent dev...
2024-11-0427 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®S&P 500 or Die? A Case For DiversificationIs diversification dead? Over the last decade, putting all your eggs in the S&P 500 basket has outperformed diversified strategies.
In this episode, hear Tyler Emrick, CFA®, CFP®, explore why the U.S. market has been on an unprecedented run, why the global market portfolio hasn't kept up, and whether diversification is really the best move for long-term investors. We dive into the rise of ETFs, global market trends, and why the "SPY or die" mentality might not hold up in the future. Learn why diversification should still be a priority despite the recent performance gap.
...
2024-10-3130 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Upcoming Tax Changes and How You Should Plan for ThemThe clock is ticking on the 2017 Tax Cuts, and big changes are looming.
In this episode, Tyler Emrick, CFA®, CFP®, breaks down the complexities of the 2017 Tax Cuts and Jobs Act and its upcoming expiration in 2025.
We dive into the original intent behind these cuts, what changes were made, and the impact on your bottom line. Learn how the expiration could lead to a significant tax hike unless new legislation is passed. We highlight key strategies—like maximizing retirement accounts under lower rates and leveraging deductions—so you can prepare for the changes on the horizon...
2024-10-1634 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Is the Fear of Running Out of Money in Retirement Overblown?This episode explores the disconnect between retirement expectations and reality, referencing a recent Gallup report that shows most retirees live comfortably despite fears about running out of money.
Hear Tyler Emrick, CFA®, CFP®, discuss why non-retirees may be more fearful than needed, the role of Social Security, and how age-based spending patterns contribute to the relative success of sustaining a retirement lifestyle. And be sure to pay attention to how working with the right financial advisor can help you achieve financial independence earlier (data suggests up to three years earlier) by measuring and modeling your current spending an...
2024-09-2628 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Untangling The New Required Minimum Distribution (RMD) RulesOver the last few years, significant changes have been made to how retirement accounts are managed after death, especially with new RMD rules. In July, the IRS issued its new Final Regulations regarding the SECURE Act’s provisions.
In this episode, hear Tyler Emrick, CFA®, CFP®, break down the key provisions, including the 10-Year Rule for beneficiaries and updates to RMD timelines, and how these changes impact your retirement and estate planning.
Here’s some of what we discuss in this episode:
What the SECURE Act changed when it passed in 2019 and what’s...
2024-09-1228 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®What Really Matters In Retirement? Six Lessons from One RetireeIn this episode, Tyler Emrick, CFA®, CFP®, reviews the rich insights from Fritz Gilbert's blog post, "Six Lessons From Six Years of Retirement." Exploring the complexities of retirement that go beyond financial concerns, highlighting how true fulfillment often lies in navigating the non-financial aspects of this life stage.
Join us as we unravel the lessons that can guide you to a more satisfying retirement.
Here’s some of what we discuss in this episode:
Background on The Retirement Manifesto Blog and the blog post we’re discussing.
The complexity of non-financial issues and why these lead to our tr...
2024-08-2928 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Buffered ETFs: Market Downside Protection? Are They Right for You?There is no such thing as a free lunch – or is there?
Discover the world of buffered ETFs, a fast-growing segment in financial markets designed to offer investors defined outcomes with built-in downside protection.
In this episode, hear Tyler Emrick, CFA®, CFP®, dive into the mechanics, benefits, and potential drawbacks of these complex financial instruments. And be sure to listen to the comparisons of buffered ETFs against traditional investment options and how each may fit (or not) in your diversified investment strategy.
Here’s some of what we discuss in this episode:
The rapid growth we’ve seen in Bu...
2024-08-1535 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®No Budget NeededIn this episode, hear Tyler Emrick, CFA®, CFP®, discuss why meticulous budgeting isn’t necessary for most people approaching retirement. Discover how understanding your lifestyle spending and anticipating future changes can lead to more effective financial planning.
Learn about the "Retirement Spending Smile" concept and why focusing on your lifestyle expenses is more beneficial than a line-by-line budget. Plus, we’ll explore how your financial advisor should be helping you monitor spending against your goals.
Here’s some of what we discuss in this episode:
The common perception of budgeting and why a detaile...
2024-07-2528 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®How To Navigate Markets In An Election YearIt's almost Election Day in the US, and opinions are flying. But should elections sway your long-term investment strategy?
Find out in this episode as Tyler Emrick, CFA®, CFP®, cuts through the political noise exploring historical market performance in past election years and Presidential terms. Sharing how you can use this data to set your emotions aside and make more informed investment decisions.
Here’s some of what we discuss in this episode:
Elections provide a great degree of uncertainty, which can cause emotional and usually illogical behavior.
What market returns have looke...
2024-07-1129 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Social Security Timing: Reframing Your Thinking For Better Decision-MakingOur brain uses mental shortcuts to help us solve problems. While they can be quite helpful, in some areas they may harm our decision-making. Social Security claiming is often one of these negatively impacted areas.
In this episode, hear Tyler Emrick, CFA®, CFP®, discuss the mental shortcuts (aka cognitive biases) at play when deciding to take your Social Security benefits. Being cognizant and acting with a more prudent decision-making process will likely help you realize a better outcome and improved retirement.
Here’s some of what we discuss in this episode:
Optimism and p...
2024-06-2730 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Effective Estate Planning: Tips to Make Sure The Process Goes Smoothly And Money Goes Where You IntendEstate planning is about more than just wealth distribution—it’s about peace of mind.
In this episode, Hear Tyler Emrick, CFA®, CFP®, cover the fundamentals to start or update your estate planning journey. We’ll discuss how your financial advisor is best to guide the process while your attorney ensures legal alignment. Working together makes the journey better for you and more likely at your intended destination while reducing risks of unnecessary taxes, legal costs, and family conflicts.
Here’s some of what we discuss in this episode:
A story about how a lack o...
2024-06-1328 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®The Disappearing Act of Retiree Health Benefits – What Options Do You Have?Employer-provided retiree health benefits are quickly becoming obsolete. KFF’s latest survey reveals a sharp decline in large employers offering these benefits, leaving individuals to seek other solutions.
Hear Tyler Emrick, CFA®, CFP®, explore your options. Whether you are worried about age 65—either retiring before or after—or have a business, we have you covered. Plus, we'll highlight potential trouble spots and important deadlines you need to know.
Don’t navigate this shift alone—tune in for expert guidance.
Here’s some of what we discuss in this episode:
What the trends tell...
2024-05-3039 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Retirement "Magic Numbers" Make Little SenseIn this episode, Tyler Emrick, CFA®, CFP®, explores why targeting a "magic number" of retirement savings falls well short of good retirement planning. Yet, why do people often focus on this? Is it because this survey data is regularly done and widely in the media – with the magic number now at a record high of $1.46 million – or something more?
Here’s some of what we discuss in this episode:
The amount of money investors believe they need to retire has increased dramatically and is exceeding the current pace of inflation.
What has been the driving f...
2024-05-1639 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Real Estate, Taxes, & College Oh My!We welcome Kevin Kroskey, CFP®, MBA, back in action, joining Tyler Emrick, CFA, CFP®, on this potpourri-type episode.
Hear Kevin's perspective on the last episode, coming changes in the residential real estate market, and why they will be good for consumers. He'll also share some lessons learned from this tax season and differences between tax-only clients and clients who receive coordinated tax and wealth management services.
Hear Tyler share recent client stories from new clients about the issues and ramifications of not coordinating financial, legal, and tax matters properly.
2024-04-2559 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Historic Changes To The Residential Real Estate Industry Will Be Good For You (And Are Similar To Changes Occur-ring In Financial Advice)Gone are the days of 6% commissions when selling a home!? Well, sort of. In this episode, we unpack the $418 million proposed settlement that will likely reshape the real estate industry. While change creates winners and losers, consumers will generally be winners as the industry wheat will further separate from the chaff.
Hear Tyler Emrick, CFA®, CFP®, reflect on similarities to the financial planning industry's evolution from stock traders to advisors, from selling products to providing advice. The changes have been positive for consumers, and there's still plenty of chaff to remove. To help you better identify the ch...
2024-04-1130 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®How to Avoid A Surprise Bill at Tax TimeWhen it comes to finances, paying a big bill at tax time is the worst. Worse yet, is if that bill comes as a surprise because your CPA, Investment Professional, and Financial Planner were not on the same page.
In this episode, Tyler Emrick, CFA®, CFP®, sheds light on traditional culprits that cause nasty surprises at tax time. Whether it is capital gain distributions, higher interest rates, or under-withholding on your income we cover it all on today’s episode of Retire Smarter.
Here’s some of what we discuss in this episode:
Inte...
2024-03-2829 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Smarter Ways To Financially Help Your Children & GrandchildrenSo, what are smarter ways to save or gift to your family? In this episode listen to Tyler Emrick, CFA®, CFP® discuss how to gift wisely, be supportive of and not inhibit responsible financial behaviors, utilize intra-family loans, and optimize benefits for your family today and into the future.
Here’s some of what we discuss in this episode:
What the statistics tell us about how closely tied parents and young adult children are emotionally and financially these days.
Some smart ways to gift to your children and grandchildren.
Best practices for opening and savin...
2024-03-1432 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®How Risky of An Investor Are You?In this episode, Tyler Emrick, CFA®, CFP®, takes a deep dive into the world of risk. Is filling out a simple questionnaire sufficient? How about telling your advisor, "I'm moderately conservative?" Don't these seem fuzzy at best?
Hear how your perceived risk and diversification may differ – sometimes substantially – from mathematical reality. And be sure to listen in to how Tyler and the team at True Wealth can help you more appropriately find the right risk level, which probably should change over time, to best align your money to achieve your goals.
Here’s some of wha...
2024-02-2936 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®What Do Clients Value Most in A Financial Advisor?In this episode, we investigate the pivotal points that clients continually express genuinely matter when seeking financial guidance.
Hear Tyler Emrick, CFA®, CFP®, explore the deeper aspects of working with a Financial Advisor and how they hold significance when choosing and continuing to work with a financial professional.
Here’s some of what we discuss in this episode:
How a conversation with his wife sparked the idea for this show for Tyler.
How we get feedback from our clients to help us evaluate our service.
Where does an ad...
2024-02-0831 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®How to Plan for RMDs (Required Minimum Distributions)In this podcast, hear Tyler Emrick, CFA®, CFP®, delve into the often misunderstood world of Required Minimum Distributions (RMDs). Join us as we uncover the essential strategies and tips to help you navigate RMDs and make informed decisions for a secure and fulfilling retirement. Whether you’re new to RMDs or seeking to optimize your distribution strategy, this podcast is your go-to resource for mastering the art of income and distribution planning.
Here’s some of what we discuss in this episode:
An explanation of SECURE Act 2.0 and the legislation that was passed.
A high-lev...
2024-01-2528 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®New Year’s Resolutions – Better Yet Goals for Financial Success In 2024Each year, about two-thirds of Americans plan on making a financial-related New Year’s resolution for the year ahead, with just over 80% of them bailing on that resolution before January ends. Don’t bail on your financial resolution!
Join us on this episode of Retire Smarter as Tyler Emrick, CFA®, CFP®, gives easy and actionable suggestions for what financial goals should be a part of your financial New Year’s resolution to overcome the odds and put yourself in a better financial situation in 2024.
Here’s some of what we discuss in this episode:
...
2024-01-1128 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®When Taking Social Security Early Makes SenseJoin us on this eye-opening episode of Retire Smarter as Tyler Emrick, CFA®, CFP® delves into the intriguing world of Social Security benefits. While delaying your benefit is often the obvious choice, we challenge conventional wisdom and explore scenarios where taking Social Security early can actually be a smart financial move.
Here’s some of what we discuss in this episode:
We’ll explore an article listing reasons why you should claim early.
The typical considerations that come into play when picking a strategy for Social Security.
People often retire earlier than they planned because...
2023-12-2825 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Constructing a Portfolio in RetirementPick your favorite financial publication. One minute, they tout a financial collapse and pending recession, and then seemingly on a dime, headlines change to - "cash yields are attractive" and "the stock market finishes at its highest level in twelve months." Making portfolio decisions through all the noise can be a challenge. What is the right investment strategy? How much should you put in stocks? Do you need bonds? CDs? What type of stocks or bonds? What about other or "alternative" investments. All are good questions and just touch the tip of the iceberg.
On this episode...
2023-12-1441 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®8% Safe Withdrawal Rate In Retirement? What!!Recently, famous radio show host and personal finance guru Dave Ramsey made headlines by saying he’s perfectly comfortable with an 8% withdrawal rate in retirement. Critics were quick to respond, calling his advice scary, dangerous, and just plain wrong. So, who’s right?
On this episode, hear Tyler Emrick, CFA®, CFP®, break down Ramsey’s comments and how you should be thinking about income and spending in retirement.
Here’s some of what we discuss in this episode:
How Dave Ramsey explains his position on the 8% withdrawal rate.
Why the math might seem simple b...
2023-11-3028 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®The Early Years of Retirement: Navigating Healthcare, Finances, and Tax StrategiesOn this episode, we dive into real-life scenarios to gain insight into crafting a successful and early retirement plan. Hear Tyler Emrick, CFA®, CFP®, dissect a client's journey of retiring in their late 50s. Exploring the intricacies of their tax-smart distribution plan to fund their retirement lifestyle and obtained significant tax credits to offset their pre-Medicare healthcare costs.
Here’s some of what we discuss in this episode:
Background on a real-life scenario with a family we met a few years ago.
What we learned about the challenges to their retirement, including healthcare.
The differ...
2023-11-1631 minWall Street Vision Investment Podcast59. What secrets do 40+ yrs of investing teach you? Conversation with Ted Oakley, CFA, CFPTed Oakley is a true investing expert with over 40 years of experience working with high net worth clients.
You can learn a lot from someone who’s been through so many decades of investing. In our conversation, we cover:
-Ted’s remarkable story of growing up in a home with zero money, no running water and what helped him achieve financial success despite that upbringing
-Top mistakes that he sees investors making
-How people’s past experiences with investing can cause them to make poor decisions, and what to do about it
2023-11-0143 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Yearend Financial Check-up & Tax MovesIt's that time of year again … the fourth quarter. Before you get enthralled with the holiday season, it's time to look back over this year and towards the next. Have you completed all the financial goals you set this year? Reviewed your medical coverage? Executed your tax planning for the year? Set your preliminary tax strategy and retirement distribution plan for next year? If not, there is still time!
Listen to Tyler Emrick, CFA®, CFP®, discuss how True Wealth Design ensures your important financial tasks get handled so you stay on track and pay no more than your...
2023-10-2625 minWall Street Vision Investment Podcast58. Are we headed for a crash? Conversation with Sam Burns, CFA, MBAYou’ve seen the scary headlines about a looming recession, but what’s the current status of the U.S. economy?
I’m joined by Sam Burns to get his take. Sam is a senior equity strategist with over 20 years of experience in financial markets. He is the founder and chief strategist at Mill Street Research.
Tune in to find out:
What is Sam’s take on the current state of the economy and his outlook to later this year and 2024?
Why do we sometimes see scary headlines while the stock market ke...
2023-10-2440 minWall Street Vision Investment Podcast57. Meme stocks, arbitrage and where to look for investing opportunities - Interview with Michael Robbins, CFAIn this episode I had the privilege of speaking with Michael Robbins, CFA.
Michael has been the Chief Investment Officer at 6 different investment firms over the past 37 years. He is also a professor at Columbia university, where he teaches quant investing including graduate classes in tactical asset allocation and ESG.
In this episode, we discussed:
Is the meme stock mania over, or here to stay?
What are the characteristics of markets where arbitrage may be possible
How computers and chatGPT are changing investing
Investing biases that can lead to bad investments
What factor investing...
2023-10-2446 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Retirement Nest Egg: Having Enough & Making Sure It LastsThe emotions and questions seem to come from everywhere and out of nowhere as you inevitability approach retirement. Even the most prepared will ask, second guess, and then ask again: Do I have enough to retire? How do I ensure it lasts?
Leading retirement researcher Moshe Milevsky addressed this in a paper "How Long Will a Nest Egg Last." In this episode, Tyler Emrick, CFA®, CFP®, takes a different approach to try and answer that critical question. Hear Tyler give actionable steps in plain English that you can help build confidence and clarity around your ret...
2023-10-1233 min
Making Change with your MoneyAdvancing Women's Careers in Midlife: an interview with Linda Lautenberg and Judy Schoenberg of EvolveMeJudy Schoenberg and Linda Lautenberg are co-founders of EvolveMe, a professional growth company providing individual and group coaching for women in midlife career transition using their proven DARE™ method of career reinvention. Their clients call their EvolveMe experience “life-changing” and “the best professional investment” they’ve ever made. Linda and Judy each shared that, because of the messages they received about money when they were young, they were determined to be self sufficient right out of college. Linda went to business school and moved to Manhattan to work in finance, not because it was her passion but because that...
2023-09-3050 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Avoid Losing $17K Yearly From Bad Investment DecisionsSurprise! Another robust study showed investors are still underperforming and making bad investment decisions. Morningstar released its yearly "Mind the Gap" study last month, showing investors have lost on average 1.7% yearly -- that's $17,000 on a $1,000,000 portfolio -- over the last decade. Why so and how can we stop the madness?!
In this episode hear Tyler Emrick, CFA®, CFP® break down the study's results and describe how True Wealth helps families not make the same mistakes as the average investor.
Click to read Morningstar's Mind the Gap study: https://www.morningstar.com/lp/mind-the-gap
...
2023-09-2825 minOff StreetEp. 24: Saving and SpendingWelcome to Episode 24 of Off Street: The official podcast of the Marshall Financial Investment Team. In today’s episode, Adam and Sean sit down with Marshall Financial Wealth Advisor Matthew McGraw, CFP to discuss all things savings. From the basics of setting a budget to the immense power of compound interest, this wide-ranging conversation was a lot of fun. Be sure to stick around for an alcohol themed "Uncorrelated" segment about a wine spill in Portugal and the start of Oktoberfest in Munich, Germany.
Please see the links below for our disclosure.
Podcast Disclosure: https://www.marshallfinancial.com/off-street-podcast-disclaimer/
2023-09-2727 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Should Retirees Change Their Portfolio Strategy Based On Predictions of the US Dollar’s Demise?Here it comes again… F. E. A. R. This time manifest from headlines of the U.S. dollar’s demise as a reserve currency, spiraling inflation, low growth and an expressway to investment-return hell.
Listen to Kevin Kroskey, CFP®, MBA cut through the B.S. to understand what the economic risks are or are not and how they do or do not translate to your investment strategy.
Here are some of the things we will discuss in this episode:
The questions we’ve been getting from clients about the headlines on the US...
2023-09-1421 min
Measure Twice PlannersThe Pros and Cons of Direct Indexing w/ Igor Smolyanskiy, CFA, CFP®Today’s conversion is with Igor Smolyanskiy, CFA, CFP®, a financial planner and owner of Vilga Financial. During this episode, we discuss the benefits and drawbacks associated with direct indexing as part of the investment implementation process.None of this content is personalized investment, tax, or legal advice. If you'd like to watch the full video interview with Igor, including an additional 15 minutes of our conversation, you may consider becoming an official member of Measure Twice Planners at MeasureTwicePlanners.com.This October 2023, the annual subscription for future members will increase by $100, so...
2023-09-0540 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®How Tax-Smart Income Targeting Can Allow You To Retire Earlier While Saving TaxesHear Tyler Emrick, CFA®, CFP®, peel back the onion on income targeting – a critical part of a successful retiree’s overall Tax-Smart Distribution Planning. Learn how this type of planning, coupled with careful “Asset Location” decisions, can save a lot in tax over a multitude of years, allowing you to potentially retire earlier, spend more, or give more.
And be sure to pay attention to how True Wealth uses these strategies to benefit clients no matter what, whether they are still working or already in retirement.
Here are some of the things we will discuss...
2023-08-3134 min
Financial PerspectivesAlternative Investing w/ Steve Biggs, CFA, CFP, CAIA - Head of Alternative Investing at The Mather GroupSend us a message!On this episode of the CFA Society San Francisco Podcast, we had the pleasure of speaking with Steve Biggs, CFA, CFP, CAIA, Managing Director - Head of Alternative Investments at The Mather Group. Steve joined The Mather Group through the acquisition of HC Financial Advisors in August 2022, where he operated as the Chief Investment Officer and a Principal. Prior to HC Financial Advisors, he was a Senior Analyst of Zacks Investment Research, Senior Equity Analyst of Manning & Napier, and Principal of Wells Capital Management.He is is an active m...
2023-08-2911 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Income Targeting - Should We Even Care About IRMAA?It's often beneficial to target income for tax planning purposes while working and even more so during your retirement years when you have more control over how you generate your income. Realizing income in lower brackets while avoiding higher brackets is the essence of this strategy which can quickly get complex.
In this episode, Tyler Emrick, CFA®, CFP®, reviews a recent article from Dr. James M. Dahle of the popular "The White Coat Investor" blog and podcast that suggests planning for the Medicare IRMAA surcharge doesn't matter. Hear Tyler discuss IRMAA and its impact on your tax-smart re...
2023-08-1026 min
The Retirement DetectiveInvestigating Beneficiary Designations - A Quick and Easy Estate Planning ToolInvestigating Beneficiary Designations Episode 26 In this episode, Philip Mock, CFA, CFP(R), dives into beneficiary designations. Beneficiary designations are a simple and free update you can make to your estate plan to make sure accounts with named beneficiaries are set up properly. Typically accounts like retirement accounts and assets like insurance policies will require designated beneficiaries to receive those accounts and assets if the account holder passes away. Often beneficiary designations are set up when the account is opened, and then forgotten. As life happens with births, deaths, divorces, and marriages, the beneficiary d...
2023-07-2723 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Do You Have Unrealistic Portfolio Return Expectations?In this episode, Tyler Emrick CFA®, CFP® explores the disconnect between some investors' return expectations. Learn common mistakes people make and traps they may then fall into.
And be sure to pay attention to what historical performance tells us, and how, if the forecasts of the big institutional investors are reasonably accurate, these investors could be setting themselves up for severe disappointment.
Here are some of the things we will discuss in this episode:
Why expectations are almost always higher than what reality provides. (5:30)
We use a historical perspective to help clients underst...
2023-07-2727 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®What’s The Big Deal With Roth Conversions And Why Should You Care?In this episode, Tyler Emrick CFA®, CFP® talks through the financial impacts of implementing a well-thought-out Roth conversion strategy. Hear how his clients overcame the emotional struggle of paying a large upfront tax bill to build wealth and provide better outcomes for themselves and their families.
Have questions?
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
http://bit.ly/calltruewealth
Here are some of the things we will discuss in this...
2023-07-1319 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®No More TINA - An Investment UpdateThere Is No Alternative or TINA has been used throughout history and is mostly strongly associated with the UK's Marget Thatcher. The phrase is used to signify Thatcher's claim that "the market economy is the best, right and only system that works, and that debate about this is over."
More recently, TINA was popularly used to describe the stock market in light of low interest rates and correspondingly low yield-based returns. There is no alternative to stocks. Hear Kevin Kroskey, CFP, MBA discuss why now that rates have had an unprecedented rise, it is time to say...
2023-06-2934 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Your Wealth, Your Retirement – How Can You Do It Better?In this episode, hear Tyler Emrick, CFA®, CFP®, talk through what it means to be wealthy and how your own perception of personal wealth can be a powerful force that leads you astray or opens your eyes to better outcomes and, ultimately, a happier retirement.
Have questions?
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
http://bit.ly/calltruewealth
Here are some of the assumptions we will discuss in this epi...
2023-06-1534 minThe Retirement DetectiveCracking the Code of Financial Advisor DesignationsEpisode 19: Cracking the Code of Financial Advisor Designations In this episode of The Retirement Detective Podcast, I dive into the varying levels of rigor among financial advisor designations. With over 200 different designations being "claimed" out there, not all of them are created equally. Some designations are extremely rigorous and take years to complete, while others may only require a short test after a short webinar. I stress the importance of investors understanding what these designations mean and assessing whether they are satisfied with their advisor's designation. In this episode, we walk listeners through some of th...
2023-06-0828 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Portfolio Moves in Light of Recession FearsIs the U.S. economy heading toward a recession? This question is seemingly perennial but has undoubtedly been a hot topic in the last year. Listen as Tyler Emrick, CFP®, CFA® talks you through what the data shows on how investment markets have performed in past recessions and whether being able to time recessions is likely to help your portfolio.
Have questions?
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
http://bit.ly/callt...
2023-05-2526 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Social Security’s Uncertain Future & Impacts On Your RetirementWe've all heard about Social Security's funding troubles. Is this why some decide to start benefits early? If Social Security were reduced, can it make sense to defer claiming? Hear Tyler Emrick, CFA, CFP, discuss a recent Wall Street Journal article on these topics as well as other recent proposals from Congress and academics that may impact the system. You paid in. Let's learn how you can get your fair share out.
Here are some of the things you’ll learn in this episode:
Why so many people claim their benefits as early as pos...
2023-05-1120 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Widowed in Retirement - How to Plan for the Financial ChangesLosing a spouse is difficult. Losing a spouse that handles your household finances is devastating. Hear Tyler Emrick, CFA®, CFP®, discuss what you need to know to ensure your household is in good financial shape after you pass and how True Wealth Design helps families when they need it the most – after a loss of a loved one.
Here are some of what we discuss in this episode:
Experience working with families in this situation. (1:26)
The problems that arise when just one spouse handles everything. (3:33)
Getting a person comfortable to make decisions and take over t...
2023-04-2726 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Faulty Retirement AssumptionsA solid retirement plan starts with making reasonable assumptions on myriad items -- your retirement lifestyle and its associated spending and what you can reasonably expect from your investments to just name a few. Poor assumptions will get you off on the wrong foot and may force you to make severe and undesirable lifestyle reductions to get back on track.
Hear Tyer Emrick, CFA®, CFP® discuss common assumptions and where they go wrong. We've all heard the saying about when you 'ass-u-me' things. Don't be a donkey. Rather, listen and learn, as you take a step on the righ...
2023-04-1328 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Bank Busts & Safeguards for Your Investment FundsThere has been a lot of misinformation regarding and uncertainty caused by the recent bank failures. You may have concerns about whether your money is at risk whether at a bank or at custodians such as Charles Schwab, Fidelity, Pershing, or TD Ameritrade.
Hear Kevin Kroskey, CFP®, MBA give a summary of what happened at Silicon Valley Bank and explain why your bank account should be thought of as a loan to the bank (because it is!). Conversely, he'll detail key investor protections you benefit from by not having your account a general liability of a bank but a segregated acc...
2023-03-1743 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Top 5 To-Do’s Before You RetireGetting to the point where you finally decide to retire is one thing, but trying to ride off into the sunset can be an exceptionally tall task. Hear Tyler Emrick, CFA®, CFP®, talk through his five must-do items to help you feel confident about cutting the paycheck cord.
Here are the five things we'll discuss on this episode:
Have a non-financial retirement plan. (3:27)
Visualize and project. (8:44)
Start measuring. (11:23)
Create your distribution plan (18:27)
Find an expert to help (23:09)
RELATED CONTENT:
Your Hierarchy of Retirement Needs - https://www.truewealthdesign.com/ep-76-your-hierarchy-of-retirement-needs/
Have quest...
2023-03-0928 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®How Much Is the Right Amount Of Cash?
Coming off a year with unprecedented interest rate hikes, everywhere you turn there is an advertisement for yields on CDs or other types of savings accounts. Clients are asking whether they should consider using these products, and if so, to what extent.
Hear Tyler Emrick, CFA®, CFP® discuss pros, cons, and alternative solutions and, more importantly, how you should think about the role cash has in your broader financial, retirement, and investment planning.
Here's some of what you'll learn in this episode:
What economic trends are we seeing in recent months? (1:52)
What are some alternative investments to consider? (6:58)
A story about som...
2023-02-2320 min
Your InheritanceThe Future of the Stock Market with David Allen, CFA, CFP®In this episode of Your Inheritance with Peter Bochnewich, we welcome guest David Allen, CFA, CFP®, Chief Economist/Research Analyst with Private Asset Management, Inc., a fee based wealth and asset management firm.
Tune in as we discuss:
* the current state, and future, of the stock market
* comparison of market correction and recession
* what an investor should do next
* how monetary policy affects the economy
David graduated magna cum laude in 2012 from the University of Maryland with degrees in mathematics and e...
2023-02-1740 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Nearing Retirement But Facing Potential Layoff?Unemployment numbers are near historic lows, but for some white-collar professionals, that does not tell the whole story. Many are rightfully concerned their job is at risk, potentially harming a retirement plan that would otherwise be on track.
Listen as Tyler Emrick, CFA®, CFP®, talks through what industries are getting hit the hardest and what you can do now to help protect your retirement in the face of job insecurity.
Here's some of what you'll learn in this episode:
What we're seeing in the workforce right now. (0:52)
Studies show that people often don't work as long as they had planned. (4:17)
What are...
2023-02-0919 min
Financial PerspectivesETFs w/ Dominic Bilotti, CFA, CFP - VP & Regional Consultant at State Street Global Advisors / SPDR ETFsSend us a message!On this episode of the CFA Society San Francisco Podcast, we had the pleasure of speaking with Dominic Bilotti, CFA, CFP, Vice President and Regional Consultant with State Street Global Advisors/SPDR ETFs.Dominic works with Broker Dealer Financial Advisors regarding portfolio construction, business development, and client messaging. He is an active CFA Society San Francisco member and sits on the Society's Young Leaders Council, guiding programming for young professionals in the greater Bay Area. Listen to the full interview, where Dominic discusses the history and future of ETFs, a...
2023-01-3112 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®What are Retirees Doing After Poor Market Returns in 20222022 was a tough year for stock and bond market returns. How are retirees adapting to the falling market? What decisions are they making now to set themselves up for success in the future?
Listen as Tyler Emrick, CFP, CFA, shares his clients' stories to uncover their questions and how they plan to navigate the challenges posed by the current market and economic landscape.
Here's some of what you'll learn in this episode:
Some of the numbers that show just how bad 2022 was for investors. (2:54)
A lot of families are using the flexibility built into their retirement plan. (5:47)
Considering taking advantage of a R...
2023-01-2626 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Secure Act 2.0 - Key Impacts on Your Retirement PlanningThe much anticipated Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0 recently passed Congress as part of the Consolidated Appropriations Act of 2023. While no single change made in this act will have the same level of effect on your retirement planning as some changes made in the original SECURE Act, passed in December 2019, there are far more provisions in this act that may impact your planning.
Hear Tyler Emrick, CFP, CFA discuss some of the more impactful changes and how they will affect your planning and retirement.
Here's some of what you'll learn in this episode:
What is the SECUR...
2023-01-1226 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Social Security - Planning Strategies, COLA, and UpdateWhether you are trying to understand better how Social Security works or looking to optimize your filing strategy, this episode is for you.
Hear Tyler discuss some of the less talked about factors impacting your Social Security claiming strategy. Listen as he talks through his clients' most common questions and concerns. All to help you better understand and maximize your benefits.
Here's some of what you'll learn on this episode:
How Social Security as part of income planning has changed through the years. (3:13)
How we help clients identify Social Security opportunities they have. (7:29)
The Cost Of Living Adjustment (COLA) coming in 20...
2022-12-2137 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Ep 113: Enhancing Your Charitable GivingMost Americans donate to charity yearly, and many have distinct goals in their retirement plan to meet annual charitable donations. Most also give cash … the tax-efficient way to give.
Hear Kevin and Tyler discuss ways to tax-optimize your charitable giving. Whether through bunching your deductions or using donations of appreciated stock, each coupled with a donor-advised fund can help you gain a bigger tax break and meet your charitable goals in the Retire Smarter way.
Here's some of what you'll learn in this episode:
Why we want to be more thoughtful of the...
2022-12-0825 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Mailbag - Bear Market Investment QuestionsThe bear is roaring and eating away at stock and bond returns. What's an investor to do?
Hear Kevin Kroskey, CFP®, MBA and Tyler Emrick , CFA®, CFP® discuss common investment questions clients are prospective clients are asking: Should I decrease risk? Should I increase cash? Is cash better to own than bonds? Should I consider a CD or fixed annuity? Is it okay to make a strategy change or hire an advisor when markets are down?
Key points on this episode:
1:45 - Should we sell out at this point?
5:39 - Preparati...
2022-07-1430 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Ep 100: Not So Smart Things Even Smart Investors DoMarket downturns elicit emotion. Emotional investors are more apt to make poor investment decisions. Time and again this is proven. Lather. Rinse. Repeat. Or get educated and break the cycle...
Listen to Tyler Emrick, CFA, CFP stand in for Kevin and describe some common behavioral issues even smart investors often must overcome. Got a case of 'get-even-itis' (loss aversion)? Or perhaps a case of 'no-decision-itis (regret aversion)?' Look at an inheritance differently than money you worked for?
Listen to these and more to be informed and help overcome behavioral hurdles that can harm your wealth.
What we discuss in this...
2022-05-2631 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Ep 86: Cash Flow - Measuring & Monitoring the Heartbeat of Your Financial Planning
Do you know what it costs to live your lifestyle? Many successful people don't. They haven't had to worry about money, live below their means, and save diligently.
Yet, when it comes to retirement planning, you need to know these costs. On one hand, you need to make sure you have enough and don't run out of money. On the other, you need these costs for proper investment and tax planning.
Hear Kevin and special guest Tyler Emrick, CFP, CFA discuss the importance of cash flow and several client stories where it made a huge...
2021-12-0235 min
CFA: Careers For AllCFA Career Chats: Robin Koroluk, B.Comm (Finance), CFA and Jordan Wilson, CPA, CA, CFP, CFAIn this session, Robin Koroluk and Jordan Wilson draw on their personal and career experiences to flesh out many of the topics covered in the formal presentation. With vastly different career paths, Robin and Jordan share many great examples and offer advice to those considering the CFA Program. 00:25 Robin Koroluk Introduction 4:45 Jordan Wilson Introduction 8:10 Finance Majors and the CFA Program Did Robin’s finance major perfectly prepare her for writing CFA Level Exams? How deep and wide is the CFA Program curriculum? How is it to work a...
2021-06-101h 32Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Ep 68: My Journey As A Financial PlannerFish mislabeling was once rampant in the US. Thought you were getting Red Snapper? Surprise! You get porgy or tile fish. Deceptive marketing for profits at best and exposing consumers to serious health risks, including food allergens and heavy metals in pregnant women at worst.
Sadly, many 'financial advisors' are similarly mislabeled and may cause financial harm. After all, you just need a 70% on a multiple-choice test and a high school diploma to become registered (and the high school diploma is optional.)
So how do you ensure you're hiring a true professional: one who is...
2021-03-1139 min
Personal Finance from the Hill-TopEpisode #6 - Diving a Layer Deeper into Investments“You want all of your investments to be a part of your diversified portfolio.” - David Tuzzolino, CFA, CFP® of PathBridge Financial, LLCIn episode 6, we're taking a deeper dive into understanding investments. People talk like all investments are created equal, but that’s certainly not the case. In this episode, we dive a little deeper to help you better understand how investments are not all the same. David Tuzzolino, CFA, CFP® from PathBridge Financial, and Kyle discuss four types of investments: Stocks, Bonds, Mutual Funds, and ETFs. They discuss similarities, and differences between investments to cut th...
2020-11-051h 45
CFA Society ChicagoHolistic Wealth Management with Matthew Kocanda, CFP® & Brett Bina, CFA, CAIACFA Society Chicago member Brett Bina, CFA, CAIA chats with Matthew Kocanda, CFP® of Balasa Dinverno Foltz LLC (BDF) on managing your personal finances like a business. Connect with Brett on LinkedIn @ brett-bina Connect with Matt on LinkedIn @ matthew-kocanda For more episodes go to www.cfachicago.org/podcasts
2020-06-1127 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Ep 46: Rebalancing Your Portfolio: Why, How & Complexities to OvercomeControl risk? Buy low and sell high? Higher returns? Who doesn't all of these in their portfolio! And that's what portfolio rebalancing can do.
While rebalancing sounds simple in theory it quickly gets complex in practice. Hear Kevin describe rebalancing from the simple to complex and the emotional hurdles to overcome as well. Be sure you or your advisor is taking advantage of the high-probability benefits rebalancing is expected to add to your net investment returns when done right.
Have questions? Need help making sure your investments and retirement plan are on track?
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2020-04-2332 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Ep 45: Retire Smarter Solution™Suppose you have to have surgery. Does exploratory surgery sound like something you would volunteer to undergo? Or, does a pre-determined surgical plan sound better? If you're like me, having a plan and a repeatable process sounds less risky and what I would prefer.
The same goes for retirement. Retirement spending. Health Insurance. Social Security. Investing. Taxes. These are all key and complex areas where you need to make smart decisions for retirement. So how do you thoughtfully consider and carefully integrate them into a well-crafted retirement plan?
Listen to Kevin describe True Wealth's Retire S...
2020-04-1618 minRetire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Ep 44: Am I Going To Be Okay? Looking Back On A Client's Retirement Plan Execution In Light Of The CoronavirusRetirement planning (done right) has always been a continuous process. With the turmoil caused by the Coronavirus, prudent planning is having to be done and redone in short order. Things are changing quickly and you need to take a dynamic approach to your planning and investing to avoid dangers and capitalize on opportunities.
Hear Kevin dissect a ten-year client's dynamic retirement story. Learn why their withdrawal rate was more than twice the 4% rule of thumb and how their portfolio allocation has changed over time. And be sure to pay attention to the end to discover why their...
2020-04-0932 min