Estate Planning Essentials: Mistakes to Avoid and Family Involvement
Something More with Chris Boyd
Release Date: 11/27/2023
Not never, but be cautious
Something More with Chris Boyd
Not never, but be cautious – Should you buy an annuity as a part of your retirement planning? Based on an email from a listener, Chris Boyd and Jeff Perry provide their commentary on the proper use of annuities. Chris outlines the various types of annuities commonly sold by life insurance companies. Chris and Jeff caution listeners about the embedded fees and features of these products. Jeff points out the lack of flexibility to owners of annuities and reminds listeners in a typical fixed annuity based on the owner’s lifetime, there will nothing left for the inheritance/legacy. Chris...
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Retirement Income Strategies for the Long Haul
Something More with Chris Boyd
Retirement Income Strategies for the Long Haul – Chris Boyd opens this episode with an offer to listeners for a complimentary 2024 Tax Planning Checklist. The conversation turns to a discussion of a Kiplinger’s article (see link below) about retirement income strategies that Chris was quoted in. Chris and co-host Jeff Perry discuss segmenting retirement income by using the bucket strategy, the use of dividend stocks/bonds versus total portfolio, having diversified income streams, using annuities (or not) for guaranteed income, and working part-time in retirement. Chris and Jeff remind...
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Elevate & Empower
Something More with Chris Boyd
Elevate & Empower – Author and radio personality Jeff Katz joins the podcast to discuss his new book, Elevate & Empower. The show starts out with a lively discussion of Jeff’s unique background of being a police officer, wrestling promoter, radio show host, public speaker, husband, and father. Jeff shares the personal story of his daughter Julia and how she is the inspiration for the last chapter of the book “Quest for Cookies.” Jeff also shares his Letters to Julia and his own personal advocacy for disabled individuals. To order Jeff Katz’s book Elevate &...
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Unpacking Social Security & Government Pensions
Something More with Chris Boyd
Unpacking Social Security & Government Pensions – Chris Boyd, Jeff Perry and Russ Ball explore the often-incorrect assumptions people have related to social security and government pensions. Russ opens the segment with one of those common assumptions with a question to Jeff who outlines the interplay of the two sources of retirement income. Chris shifts to the topic of how many retirees struggle with the transition of accumulating assets to spending them. The group has an in-depth conversation as to why a comprehensive financial plan can be an asset to managing the financial and...
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Bulls, Bears, and Pigs
Something More with Chris Boyd
Bulls, Bears, and Pigs – After two years of strong market gains, many investors are wondering if a decline in stock prices is on the horizon. Chris Boyd, Jeff Perry and Russ Ball discuss market history and what constitutes normal market behavior. Jeff shares a personal financial move he recently made and reminds listeners of the old saying that “Bulls make money, Bears can make money, and Pigs get slaughtered.” Chris shares his guidance on having the proper allocations considering your risk tolerance. The trio also discusses a pension question and how other issues like health insurance...
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Beware of Frauds and Scams
Something More with Chris Boyd
Beware of Frauds and Scams – Chris Boyd and Jeff Perry focus this episode with an update on recent methods that criminals are using to steal your funds and your identity. Chris and Jeff begin by discussing the growing use of Artificial Intelligence (AI) to trick victims into providing personal information. Other topics covered are spoofing, phishing, and customer service fakes. The conversation turns to methods to safeguard against becoming an identity theft victim, including credit freezes, requesting fraud alerts, enrolling in multifactor authentication, and checking your...
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Small Business Saturday and Giving Tuesday
Something More with Chris Boyd
Small Business Saturday and Giving Tuesday – With the holiday season being in full swing, Chris Boyd, Jeff Perry, and Russ Ball start of with a discussion on how to manage the financial pressures that many people face during the holiday season. Jeff shares his thoughts on budgeting and low-cost gift giving. Chris next emphasizes the importance of supporting local businesses during the holiday shopping season. The dialogue flows to the dominance of online shopping. The trio discuss Giving Tuesday and Chris outlines various financial and tax planning techniques which...
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Mail Bag with Brian Regan; pros and cons of concentration
Something More with Chris Boyd
Mail Bag with Brian Regan – Senior Portfolio Manager Brian Regan joins Jeff Perry and Russ Ball to answer client questions. The episode begins with Brian responding to a 70-year-old client who has approximately $100K in Verizon stock and very much enjoys the dividend of 6.5%. Brian provides the pros and cons of having such a concentrated position. The next client question comes from a couple in their 40’s who are saving for retirement primarily using 401Ks. They want to know if they should add international stock funds to their retirement accounts. Brian shares why this is a good idea...
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The Future of You
Something More with Chris Boyd
The Future of You – Co-founders of “The Future of You” Nan Ives and Lisa Stornaielo join Jeff Perry and Russ Ball for a non-financial planning discussion focusing on how someone in retirement should Rebalance Your Life, Connect to Your Purpose, Activate “ReTRYmen” and Launch Your Life Plan. Nan and Lisa share their experiences with how their clients work through the opportunities and challenges they face when they step away from their full-time careers. To find out more about The Future of You, click the link below: The AMR Team is seeking your opinions on the Something More...
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Lessons from Clients
Something More with Chris Boyd
Lessons from clients – Chris Boyd, Jeff Perry, and Russ Ball review a variety of commonly discussed client financial planning issues. With the rise of stock prices in companies such as Nvidia, some investors find themselves with a sizable portion of their investment portfolio concentrated in a single holding. Chris leads the discussion of the best moves for such investors. The trio next reviews the challenges many people face in accurately predicting their retirement cash flow. The trio discusses challenges and methods of putting together an accurate financial plan. The AMR Team is seeking...
info_outlineIn this episode, Chris Boyd, Scott Birmingham, and Jeff Perry cover the topic of who
needs an estate plan, how often the plan should be reviewed and some of the most
common mistakes people make in estate planning. Jeff starts out with a review of the
common documents used in estate planning. The conversation develops into the
emotional side of the estate planning process and the suggested practice of including
family members in the discussion. Scott shares a personal story where his own planning
came into play and the lessons he learned. The trio discusses the use of trusts.
If you need help with financial planning issues don’t hesitate to reach out to Asset Management Resources at (866) 771-8901.
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