Interest hikes like the 80's?? Power of Tax Deferral and the $400k mistake you may be making
Dollars to Dreams: Planning with Purpose | Penobscot Financial Advisors
Release Date: 04/10/2022
Tax-Efficient Investing: 3 Smart Strategies to Lower Your Tax Bill
Dollars to Dreams: Planning with Purpose | Penobscot Financial Advisors
Tyler Hafford and Hannah Tackett break down three powerful tax-efficient investing strategies—Roth conversions, tax-loss harvesting, and asset location—in this year-end planning episode of Dollars to Dreams. With relatable explanations and smart examples, they show how being intentional with your investments and account types can reduce tax drag and boost long-term growth. Whether you're managing a dip in the market or planning for retirement, these strategies help you keep more of what you earn. You’ll learn: Roth Conversions – When and why to consider converting...
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Why Time in the Market Beats Timing the Market
Dollars to Dreams: Planning with Purpose | Penobscot Financial Advisors
Tyler Hafford and Hannah Tackett dive into the true power of compound interest in this episode of Dollars to Dreams, showing why consistent investing beats trying to time the market. Using simple analogies and real examples, they highlight how starting early—even with small amounts—can lead to massive long-term gains. But even if you're starting later, it's never too late to get on the right path. With automation, consistency, and emotional discipline, anyone can let compound interest work its magic. What you'll learn: The Mechanics of Compound Interest – What, how, and why time is...
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Staying the Course: Smart Investing Through Market Volatility
Dollars to Dreams: Planning with Purpose | Penobscot Financial Advisors
In the premiere episode of Dollars to Dreams, Tyler Hafford and Hannah Tackett break down the emotional and strategic realities of market volatility. They explore why panic-selling can derail your financial goals and why staying invested through downturns is often the smartest move. Using real-world examples and behavioral insights, they offer clear, confident strategies for navigating rocky markets and even finding opportunities amid uncertainty. Key Topics Behavioral Finance & Loss Aversion – Why emotional investing leads to poor outcomes. Long-Term vs. Short-Term Thinking – The...
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MainePERS and Social Security
Dollars to Dreams: Planning with Purpose | Penobscot Financial Advisors
Tyler Hafford CFP® has Craig Joncas CFP® join the show to discuss the Maine State Retirement Benefit. He breaks down how the benefit is calculated and how it will impact your Social Security.
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How you know it is time to Retire, interest rates and potential recession?
Dollars to Dreams: Planning with Purpose | Penobscot Financial Advisors
In this Episode of Financial Discretion Advised, host Tyler Hafford CPF® bring in Jim Bradley CFP® to talk about when someone might know it is time to retire. They dive into some personal experiences and what they commonly see with their clients. Additionally, the two dive into the murky waters of the interest rate environment and if we might tip into recession.
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The Dollar and The Market
Dollars to Dreams: Planning with Purpose | Penobscot Financial Advisors
On this episode of Financial Discretion Advised Tyler Hafford CFP® brings in PFA's Portfolio Manager, Sam Chaplin CFA, to discuss what impact a strong Dollar has on the market. Sam breaks down how an extremely strong Dollar has created additional headwinds on the market in 2022 and what it might mean going into 2023.
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Are we in a Recession?
Dollars to Dreams: Planning with Purpose | Penobscot Financial Advisors
In this episode of Financial Discretion Advised, Tyler Hafford CFP® brings on Lead Advisor Libby Mckay CFP® to discuss the topic of recessions and how it applies to today's environment. The two break down the current situation, how recessions have played out in the past and how it might impact your portfolio. For more information, check out Libby's blog on the topic - https://penobscotfa.com/are-we-in-a-recession/
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To Dollar Cost Average or Not?
Dollars to Dreams: Planning with Purpose | Penobscot Financial Advisors
On this episode of Financial Discretion Advised, Tyler Hafford CFP® weighs in on a popular investment strategy - Dollar Cost Averaging and why it might NOT be the best way to get your money into the market
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Recession right around the corner? Current Market Conditions, Inflation, War and the Fed!
Dollars to Dreams: Planning with Purpose | Penobscot Financial Advisors
In this episode of Financial Discretion Advised, Tyler brings in PFA's Portfolio Manager, Sam Chaplin, to talk about the current market conditions and if a recession is right around the corner. The two break down the recent action from the fed, inflation and the War in Eastern Europe.
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Interest hikes like the 80's?? Power of Tax Deferral and the $400k mistake you may be making
Dollars to Dreams: Planning with Purpose | Penobscot Financial Advisors
In this episode of Financial Discretion Advised, Tyler Hafford CFP® talks about the rate hikes that are aimed to control inflation and how that compares to strategies used in the 80's. He also breaks down the impact of those hikes on our everyday lives. In the Financial Planning segment, Tyler explains the power of tax deferral as well as the extreme cost to delaying your investing strategy!
info_outlineIn this episode of Financial Discretion Advised, Tyler Hafford CFP® talks about the rate hikes that are aimed to control inflation and how that compares to strategies used in the 80's. He also breaks down the impact of those hikes on our everyday lives. In the Financial Planning segment, Tyler explains the power of tax deferral as well as the extreme cost to delaying your investing strategy!