Lessons from the Morningstar Investor Conference
Something More with Chris Boyd
Release Date: 07/08/2024
The Purpose Code
Something More with Chris Boyd
The Purpose Code – Worried about your purpose? Most people are. But no one has to be Chris Boyd and Jeff Perry welcome Dr. Jordan Grumet, M.D. (see website link below) for a lively discussion about Dr. Grumet’s self-improvement book “The Purpose Code” which shows how to make your mark and how to set goals in life without falling into the anxiety traps of conventional success principles books. Dr. Grumet shares his own compelling personal story of why he gave up practicing medicine full-time. The trio digs into a variety of topics that will benefit everyone....
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Climbing the Wall of Worry
Something More with Chris Boyd
Climbing the Wall of Worry – In the context of the endless news cycle of significant political, economic, and geo-political events, Chris Boyd, Jeff Perry, and Russ Ball discuss what an investor should do with all the external market risks, while at the same time, we are reaching record high levels for several market indices. Topics covered include tariffs, debt-ceiling, Iran, immigration, and the Big Beautiful Bill. While there is some disagreement on the politics, the trio discussed the value of working with a financial advisor, especially in turbulent times. ...
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Time to open the Mailbag; RMD's
Something More with Chris Boyd
Time to Open the Mailbag – Chris Boyd and Jeff Perry open the Mailbag and answer listener and client questions. The episode opens with a listener question asking, I have multiple IRAs, how many RMDs do I need to take each year? Chris and Jeff next answer what is the Rule of 25? The next topic is one based on television and radio commercials selling Home Title Lock Insurance – Chris and Jeff explain what it is and what it is not. Finally, Chris and Jeff answer what appears to be a simple question, but ends up not as simple as first thought – Do RMD’s affect my Social Security? Click the...
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IRA Age Milestones
Something More with Chris Boyd
IRA Age Milestones – If you have an Individual Retirement Account (IRA), are you aware of the many key age milestones? Chris Boyd and Jeff Perry take you through a chronological timeline from childhood to your mid- seventies as they discuss twelve key ages and relatively unknown opportunities related to your IRA that could boost your savings and reduce your income taxes. Click the link below to register for our upcoming webinar, “Don’t leave a digital mess.” https://register.gotowebinar.com/register/6040334700710880088 For more information or to reach TEAM AMR, click the following...
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Things to consider before buying a second home
Something More with Chris Boyd
Things to consider before buying a second home – Chris Boyd and Jeff Perry are joined by Britta Ferguson CFP®, CEPA® who is a Senior Vice President, Financial Advisor with Wealth Enhancement to explore the pros and cons of owning a second home (vacation home). The discussion begins with “try before you buy” advice and the distinction between an investment property that you may use part-time compared to a true second home that is unoccupied when you are not using it. The “math” of owning a second home is reviewed in addition to the “what- ifs” of owning...
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Targets of Fraud
Something More with Chris Boyd
Targets of Fraud – World Elder Abuse Awareness Day is June 15 and according to the World Health Organization, one in six people 60 years and older experience financial fraud or abuse each year. Elder fraud reports to the FBI’s Crime Complaint Center have risen by 14%, with an average loss of $34K (see link below). Chris Boyd, Jeff Perry, and Russ Ball dig into the statistics and discuss the most common types of fraud. The trio also shares practical advice how to avoid scams and fraud and what to do if you become a victim. For more information or to reach TEAM AMR,...
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Best Books?
Something More with Chris Boyd
Best Books? – Chris Boyd opens this episode with a story from his most recent trip to the dentist where the hygienist was asking for financial planning book recommendations and advice as to how she should go about finding a financial planner who is willing to work with someone who has a modest income and assets. Chris and co-host Jeff Perry suggest a wide variety of books for people at various stages of their financial journey. The dialogue shifts to the challenges of finding a financial planner. Jeff shares the three questions that everyone should ask to anyone in the financial services...
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5 Biggest Stealth Retirement Costs
Something More with Chris Boyd
5 Biggest Stealth Retirement Costs – Chris Boyd and Jeff Perry review a recent article from Kiplinger’s magazine (linked below) as they discuss the “Five Biggest Stealth Costs in Retirement.” The conversation begins with the notion that most people planning for retirement have a basic understanding of their future cash flow needs. Chris and Jeff dig into the costs that many people make incorrect assumptions about or ignore all together. Included in the conversation are unexpected health care costs, income tax errors, unanticipated financial emergencies, family member needs/gifts, and...
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Don’t Assume
Something More with Chris Boyd
Don’t Assume – Chris Boyd, Jeff Perry, and Russ Ball explore several financial planning assumptions people sometimes make that are often not true. The episode begins with Russ Ball outlining a new “super catch-up” for workers ages 60-64, which leads to an overall review of retirement account limits and special catch-up opportunities. Jeff shares clients’ stories where two public employees incorrectly assumed they would not be eligible for Social Security. Chris brings up other topics not to make assumptions about, including beneficiaries and 401K...
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One Big Beautiful Bill
Something More with Chris Boyd
One Big Beautiful Bill – Chris Boyd, Jeff Perry, and Russ Ball dig into the recently passed House of Representatives Budget Bill known as the “One Big Beautiful Bill.” The trio discusses the key items in the Bill, including making the Tax and Job Act income tax reductions permanent, eliminating taxes on overtime and tips, and increases in border and military spending. Jeff notes that the promises of significant reductions in Federal spending were not achieved in the House Bill. Chris and Russ offer thoughts on the likelihood of the House version passing in the Senate. For more...
info_outlineLessons from the Morningstar Investor Conference – After attending the Morningstar
Investors Conference, Chris Boyd summaries lessons learned. Chris starts out by sharing
a chance meeting with legendary investor Mario Gabelli. Chris goes on to share what he
took away from Morningstar’s CEO Kumal Lapoor’s comments at the Conference which
in part predict lower stock market returns over the next ten years. Chris and Jeff go on to
debate the value of long-term market forecasts and why staying true to a financial plan is
critical.
For more information or to reach Chris Boyd or Jeff Perry, click the below link:
https://www.wealthenhancement.com/s/advisor-teams/amr