How to Make the Most Out of Your Year-End Bonus
Retirement Plain & Simple
We receive our working paychecks in a very systematic way, often every week or every other week. Well, what do we do when we get a year-end cash bonus, at times in the thousands of dollars all at once? What is the best way to use it? In this episode, we'll talk about some important things to think about when receiving a year-end bonus, as well as some common and uncommon strategies to...
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Financial Values: Getting To Know The Kemp Harvest Team
Retirement Plain & Simple
In today's fast-paced world, navigating the complexities of financial planning is very difficult at times. Many individuals find themselves asking, "What exactly does working with a financial advisor entail?" Today we’re going to shed light on this very question, offering a comprehensive guide to understanding our role and our process for planning. Join Todd and David as they take listeners on a journey through their six-step approach to financial advising. They emphasize the importance of aligning financial goals with personal values, a concept that resonates deeply throughout the episode....
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How Financial Advisors Get Paid
Retirement Plain & Simple
One of the first questions that anyone asks before working with a financial advisor is how do you get paid? It’s a great question because there are different fee structures, and understanding what each means can help you choose the right type of service for your needs. In this episode, we’ll down the different ways that advisors get paid and the types of clients often drawn to these different types of advisors. We’ll break down the four main categories of financial advisory services: do-it-yourself, product-based, fee-for-service, and partnership. So whether you're a DIY investor, need a...
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Open Enrollment: What You Need To Know with Kelly Brownell
Retirement Plain & Simple
As we approach the fall, many employees will soon receive emails from their HR departments about open enrollment for the 2025 calendar year. This period is crucial for reviewing and selecting the benefits that best meet your needs. To help us better understand our options and what coverage is best, we are excited to have Kelly Brownell, a seasoned expert in open enrollment and employee benefits, on the show for this important episode. Here’s some of what we discuss in this episode: Why open enrollment is important and what the open enrollment period allows you to do. Non-health...
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Smart Strategies for Saving for College: Tips For Parents
Retirement Plain & Simple
As summer winds down and the new school year approaches, now is the perfect time to consider your strategy for saving for your child’s college education. We all know that college isn’t getting any cheaper, so a proper financial plan is crucial in helping your child make this big commitment. Join Todd and David as they explore key aspects of college financial planning. They provide practical advice on saving strategies, helping your child define their educational and career goals, understanding student loan options, and making the most of popular 529 plans. Tune in for valuable insights and...
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The Importance of Early Estate Planning Discussions with Elder Law Attorney, Maureen Anderson
Retirement Plain & Simple
We are excited to have Elder Law Attorney, on the show with us today. She joins us to discuss the benefit of intergenerational conversations surrounding end-of-life planning and wealth transfer. Starting these conversations with your loved ones can be challenging, so we’re excited to have Maureen’s perspective and insights to help approach these topics as effectively as possible. Tune in as Maureen explains why open and honest family discussions are crucial for future planning, and shares valuable tips to get these conversations started. These discussions should cover everything from...
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Understanding Insurance: The Basics You Must Know
Retirement Plain & Simple
When you hear the word "insurance," what comes to mind? No matter how you feel about it, it's a complicated and often confusing topic for many. So, in this episode, we're going back to basics, breaking down different types of insurance and their roles in protecting your finances. Listen in as we discuss auto, home, umbrella, disability, and life insurance. While insurance may not be the most thrilling topic, it's an essential component of a solid financial plan. We're here to arm you with the clarity and insights you need to navigate the world of insurance confidently! Here’s some of...
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The Basics of Medicare with Healthcare Expert, Jim Long
Retirement Plain & Simple
There’s no doubt that healthcare expenses are one of the biggest things you must plan for when it comes to retirement. Because of this, many want to know how Medicare will fit into their overall healthcare expenses. In today's show, David Lawrence is going to sit down with seasoned healthcare expert, to explore the intricacies of Medicare. With 16 years of experience under his belt, Jim brings clarity to the often-confusing aspects of Medicare eligibility, enrollment, and plan selection. So, if you’re nearing retirement and feeling overwhelmed by Medicare options, tune in as David and Jim...
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Planning For Non-Financial Aspects of Retirement
Retirement Plain & Simple
In today’s episode, we’re going to take some time to focus on an often overlooked, but crucial aspect of retirement planning. While financial preparedness is undeniably important, there’s more to retirement readiness than just the numbers in your 401k. Stay tuned as Mark and Todd explore some of the non-financial elements that can significantly impact your retirement experience. During this conversation, the duo unpacks a that highlights the disparities between the expectations of pre-retirees and the actual experiences of retirees. They chat about the unexpected challenges...
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The 5 Foundations of a Comprehensive Financial Plan
Retirement Plain & Simple
You’ve probably seen or heard the term “comprehensive financial planning” used pretty frequently in the financial space. But what exactly does this mean and entail? In today’s episode, we’re going to focus on what comprehensive planning means to us here at Kemp Harvest Financial Group. Stay tuned as we give you a quick overview of the five foundations that make up a comprehensive plan. When thinking about these five “mini plans,” it helps to picture a Rubik's Cube. Each side represents a different facet of your financial life. The challenge is not just to address one side at a...
info_outlineToday we are excited to dive into the intricate world of estate planning with seasoned estate planning attorney, Bill Cooper. With over two decades of experience in the field, Bill brings a wealth of knowledge and expertise to the table. Join us as we explore the critical elements of estate planning that go beyond simply drafting a will.
Tune in to discover how estate planning can help you maintain control over your assets, make informed decisions about healthcare, and safeguard your legacy. Bill shares the importance of working with professionals who specialize in estate planning and taxation, as well as the need to adapt your plan as circumstances change over time.
From the nuances of gifting to the implications of moving across state lines, this conversation offers valuable insights for anyone seeking to secure their financial future and that of their loved ones. Whether you're just starting to consider estate planning or looking to revisit an existing plan, Bill's expertise will help you gain a deeper understanding of the multifaceted world of estate planning.
Here are some key takeaways from this episode:
- Estate planning is not just about drafting a will; it encompasses a holistic strategy that includes healthcare decisions, legacy preservation, and tax considerations.
- Working with a qualified attorney experienced in estate planning and taxation, preferably with a CPA or LLM designation, ensures that your plan aligns with the ever-changing legal and financial landscape.
- Different states have varying laws regarding estate taxes and probate processes. Be sure to adapt your estate plan if you move to a different jurisdiction to maximize its effectiveness.
- Gifting can be a powerful tool to pass on assets while minimizing taxes, but you must do it the right way. Understanding annual gift limits, exemptions, and potential pitfalls is crucial to making informed decisions.
- Estate plans should be reviewed periodically, especially after life events like marriage, divorce, or changes in financial circumstances.
Contact:
If you have any questions, call 215-513-4330 or visit https://www.kempharvest.com/