Something More with Chris Boyd
"Something More with Chris Boyd" is a financial talk show where we talk about not only those important dollar and cents issues, but also the quality-of-life issues that make the money matters matter. In addition to speaking about investment and planning concerns, we often invite guests to join us each week for new episodes & send in your questions/comments to: [email protected]
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Investment Fallacies
07/26/2024
Investment Fallacies
Investment Fallacies – Chris Boyd and Jeff Perry review a recent Morningstar article (see link below) about investment fallacies. The pair have an in-depth conversation about a variety of financial planning beliefs (which may or may not be true), including the pending demise of Social Security, lower expected equity/stock returns, the limits of index investing, and the belief that one can be too old to benefit from a financial plan. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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How likely are you to need Long-Term Care?
07/22/2024
How likely are you to need Long-Term Care?
How likely are you to need Long-Term Care? Chris Boyd and Jeff Perry dig into the data on the average incidence and duration of long-term care needs and who is most likely to have a severe, sustained, long-term care incident. During this episode, Chris and Jeff review a recent article from Morningstar (see link below) which outlines the likelihood of a sixty-five-year-old needing some type of long-term care. The conversation reviews several data points including wealth level, marital status, gender, and self-reported health status. Chris concludes the discussion by explaining how the issue of potential long-term care needs properly fits into a comprehensive financial plan. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Which of these things doesn't belong
07/19/2024
Which of these things doesn't belong
Which of these things doesn't belong? – Do you know what types of investments are legally prohibited from being in an individual retirement account (IRA)? Chris Boyd and Jeff Perry outline in detail the various categories of investments that are not allowed to be inside an IRA. The conversation turns to a detailed dialogue of investments that may be lawfully allowed but may not be a wise choice for an IRA. Topics covered in this in-depth episode include life insurance, collectibles, sub-chapter S Corporations, margin accounts, REITs, and municipal bonds. For a related conversation on this subject, check the link below from the “Great Retirement Debate”: For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Including family in your financial planning
07/15/2024
Including family in your financial planning
Including family in your financial planning – While many people wish to keep their financial planning completely private, as one ages, it can be prudent to inform family members of your financial planning, estate planning, and help that may be needed from the family. Chris Boyd and Jeff Perry dig into this subject as Chris shares a personal story about his oldest client who recently passed away. The conversation includes situations when bringing your family together to be a part of financial planning can be a good way to foster open communication about finances, personal choices, and lessening potential family conflict. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Inflation falling, markets rising
07/12/2024
Inflation falling, markets rising
Inflation falling, markets rising – Fresh off the Consumer Price Index (CPI) report, Chris Boyd and Jeff Perry discuss recent economic data and how it is impacting markets and the Federal Reserve’s posture on interest rates. Jeff summarizes recent stock market returns and reviews the AAII Investor Sentiment Survey (see links below) and Chris comments on whether now is a good time to take profits. The dialogue continues into long-term financial planning considerations, including risk tolerance, asset allocation, and managing cash flow needs. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Lessons from the Morningstar Investor Conference
07/08/2024
Lessons from the Morningstar Investor Conference
Lessons 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:
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First half review of the markets for 2024
07/05/2024
First half review of the markets for 2024
First half review of the markets – Chris Boyd and Jeff Perry welcome Brian Regan to the episode for a review of market returns for the first half of 2024. The conversation turns to a detailed analysis of Nvidia returns, including a history of the company and an outlook for other companies in the semiconductor industry. Chris asks Brian about his outlook of the fixed income sector. The dialogue turns to thoughts about copper, gold, and how commodities may or may not fit into an investment portfolio. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Misconceptions about your Money
07/01/2024
Misconceptions about your Money
Misconceptions about your Money – Chris Boyd and Jeff Perry explore common misconceptions about money that can put your retirement plan in jeopardy. The conversation starts out with diversification dangers of single stock investing. Chris offers specific examples of mistakes people make and offers some guidelines to consider. Jeff warns listeners that one cannot always rely on the name of a mutual fund or ETF as being accurate to what the underlying investment holdings are. The conversation next includes issues of asset allocation and market risk. Chris gives his thoughts that being a low-risk investor presents its own concerns like inflation and ultimately asset depletion. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Retirement: Income & Taxes
06/28/2024
Retirement: Income & Taxes
Retirement: Income and Taxes – Almost 20% of people over sixty-five are still working. In this episode, Chris Boyd and Jeff Perry discuss the various financial and emotional reasons that retirees continue to work beyond the typical retirement age. The conversation continues with a detailed dialogue about how working before and after Social Security’s full retirement age is treated for income tax purposes. Related issues of Roth conversions, IRA required minimum distributions (RMDs), and legacy planning come into play and how all these subjects are key components of the financial planning process. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Gary Quinzel on Markets, Economy, and Election
06/24/2024
Gary Quinzel on Markets, Economy, and Election
Gary Quinzel on Markets, Economy, and Election – Chris Boyd welcomes Gary Quinzel who is the Vice President of Portfolio Consulting with Wealth Enhancement Group. Gary offers his commentary on the recent strength of the stock market and economy, including digging into recent inflation data and the direction of interest rates. Jeff Perry joins and asks how an investor should think about “Black Swan” events and geo-political concerns. Chris and Gary explore issues of proper asset allocation and diversification. Gary offers his thoughts on the upcoming 2024 election and what it might mean for the market and taxes. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Behavioral Wealth and Personal Finance
06/21/2024
Behavioral Wealth and Personal Finance
Behavioral Wealth and Personal Finance – Behavioral Wealth Specialists Cohen Taylor and Wendell Clarke join Chris Boyd and Jeff Perry for a lively discussion on how financial planners can best serve their clients. Cohen and Wendell explain how the qualitative aspects of wealth management in a framework around emotional and behavioral components of financial goals and concerns are all connected. Cohen and Wendell share their thoughts on why attentive listening, mediation, assessment, and intervention skills are key to a successful financial planning process. Cohen outlines the 6 Elements of Wealth, and only one of them is about money! For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Pensions
06/17/2024
Pensions
Pensions – Chris Boyd and Jeff Perry explore the various issues surrounding pension decision options. The in-depth dialogue starts off with a discussion a recent client was facing and how a range of factors influence what is best for each individual. At the 25- minute mark the conversation moves to how the Massachusetts state and municipal pension system operates and the variety of options available to retiring government employees. Related subjects discussed are survivor benefits, life insurance, and how everything best fits together in a comprehensive financial plan. Chris extends an offer for a complimentary guidebook on special needs trusts. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Is Inflation Easing?
06/14/2024
Is Inflation Easing?
Is Inflation Easing? – Brian Regan joins the episode with Chris Boyd and Jeff Perry to review the inflation data from the past week, including the Consumer Price Index and the Producer Price Index, both of which show signs of a recent lower rate of inflation. Brian offers detailed commentary of the specifics beyond the headlines and which data points investors should primarily focus on. Brian and Chris dig into Federal Reserve Chairman Powell’s press conference and what it means for the markets. Jeff asks Brian and Chris if the Fed should be concerned about rising unemployment data and if election year politics could be a factor in the Fed’s decision to lower interest rates. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Scams and Schemes with Bob Powell
06/10/2024
Scams and Schemes with Bob Powell
In this episode, Chris Boyd CFP®, CASL, CEPS catches up with Bob Powell to discuss the pressing issue of financial exploitation, focusing on scams and schemes. Bob Powell highlights the prevalence of financial scams, particularly those targeting elderly individuals, with statistics showing significant financial losses and many cases going unreported. Common Scams- The discussion covers various scams such as AI-generated deep fakes, phishing emails, romance scams, and "pig butchering" investment scams, illustrating the sophistication and creativity of modern scammers. Risk Factors- Identifying factors that increase vulnerability to scams, including cognitive decline, social isolation, low financial literacy, and lack of a financial advisor. Protective Measures-Emphasis on education, awareness, and proactive planning.
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“R” or “D” who is better for your portfolio?
06/07/2024
“R” or “D” who is better for your portfolio?
“R” or “D” who is better for your portfolio? – Do investors do better under a Republican or a Democrat President and Congress? How about when the federal government power is divided between the political parties? Chris Boyd reviews “Y- Chart” data with Jeff Perry for this engaging review of what really matters to investor performance. Chris and Jeff begin the show with a remembrance that today, June 6 th is the 80 th anniversary of D-Day. Chris and Jeff offer personal commentary on the meaning of today and reflect on current events. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Feelings vs. Facts
05/31/2024
Feelings vs. Facts
Feelings vs. Facts – As a follow up to a recent discussion about how the majority of Americans feel as if the economy is in a recession and the financial markets are struggling, Brian Regan joins Chris Boyd and Jeff Perry to talk about how the emotions/feelings of many clients do not match the data. Chris proposes a theory that much of this disconnect is related to how inflation has put pressure on household budgets. Jeff weights in that the presidential election, increasing national debt, and wars in the Middle East and Ukraine add to investor concerns. Brian brings in a variety of data points which demonstrates that the feelings of investors are not correlated with the strength of the US economy or the financial markets. At the end of the episode Jeff and Chris discuss the growing trend of investors considering Roth IRA conversions. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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The work-from-home stocks
05/31/2024
The work-from-home stocks
The work-from-home stocks – Brian Regan joins Chris Boyd and Jeff Perry for a conversation about the work-from-home pandemic era stocks, including Zoom, Twilio, and Peloton. The trio discusses how each company exemplifies the highs and lows of pandemic-fueled growth and the challenges of sustaining momentum in a post- pandemic world. Brian offers his commentary whether any of these companies are investable now “that they’ve fallen back to earth?” Not just for the specific stocks discussed, but as the dust of the pandemic settles, the dialogue continues how these types of companies are facing the critical task of redefining their paths for top line and operating margin growth in an ever-changing work environment. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Memorial Day Weekend and In the News
05/27/2024
Memorial Day Weekend and In the News
Memorial Day Weekend and In the News – With Memorial Day approaching, Chris Boyd and Jeff Perry reflect on the true meaning of Memorial Day. They highlight the Cape Cod Cares for the Troops event happening on Sunday, May 26 th (see link below) as they outline the excellent work done by Michelle and Dylan DeSilva. Chris and Jeff next discuss that despite recent economic data, most Americans feel like they are living in a recession (see related story below). Continuing with items in the news, Chris mentions data from the last week that shows the United States level of national debt is now $34.5T (see link below)! Chris and Jeff discuss the potential economic and political impacts that rising debt may have, including rising taxes, entitlement reform, and reduced spending. https://www.cnbc.com/2024/05/22/most-americans-falsely-think-the-us-is-in-recession- poll-shows.html https://www.cnbc.com/2024/05/19/soaring-debt-and-deficits-causing-worry-about- threats-to-the-economy-and-markets.html For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Duffy Health Center Update
05/27/2024
Duffy Health Center Update
Duffy Health Center Update – Heidi Nelson, CEO of Duffy Health Center joins Chris Boyd and Jeff Perry with an update on Duffy’s efforts to prevent and serve the homeless individuals and families on Cape Cod. Heidi shares a personal announcement of her upcoming 2025 retirement and offers her thoughts on recent data concerning the scope of homelessness across the Cape. Heidi answers questions about the challenges and opportunities of providing medical, mental health, and addiction treatment to the homeless population. Heidi invites people to learn more about Duffy and ways to support their efforts at the below link: For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Best Night - Cape Cod
05/24/2024
Best Night - Cape Cod
Best Night - Cape Cod – Chris Boyd and Jeff Perry welcome Bert Talerman, President of Cape Cod 5 Bank. The episode starts off with congratulations to Bert for being recognized with the Visionary Award from the Cape and Islands United Way. Chris outlines the various efforts the United Way provides funding and services. Bert next answers Chris’s questions about the current banking environment and economic conditions on Cape Cod. Jeff expresses appreciation to Bert and Cape Cod 5 for their efforts to enhance financial literacy. Jeff shares a story of a program offered at the Barnstable County House of Correction which instructs inmates on basic banking and personal finance. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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What is it worth? The Value of an advisor
05/24/2024
What is it worth? The Value of an advisor
What is it worth? – How does one put a value on collaborating with a good financial advisor? Chris Boyd and Jeff Perry explore this question and more. Chris and Jeff begin the conversation by outlining the various roles of a financial advisor. Chris explains the importance of working with a Fiduciary. Jeff suggests a 3-question test before selecting the right financial advisor. A wide range of topics are discussed including making the decision when to retire, claiming social security, asset allocation, risk tolerance, estate planning, tax planning, Roth conversions, retirement cash-flow projections, stress testing a plan, and avoiding financial mistakes. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Cape Cod Housing Challenges
05/20/2024
Cape Cod Housing Challenges
Cape Cod Housing Challenges – Alisa Magnotta from the Housing Assistance Corp (HAC) of Cape Cod joins Chris Boyd and Jeff Perry to discuss the numerous housing related challenges in the region. Alisa reviews the wide range of services and programs of HAC in attempts to bridge issues between homelessness and homeownership. The discussion highlights the growing issues of homelessness, including an increasing number of senior citizens, and the ever-present need for additional workforce housing. Chris asks Alisa how people can assist HAC with their efforts. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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8 Ways to become poor in your Retirement
05/20/2024
8 Ways to become poor in your Retirement
8 Ways to become poor in your Retirement – Chris Boyd and Jeff Perry review an article which outlines common financial mistakes baby boomers are making in their retirement years (see link below). Having too much consumer debt, starting social security too soon, having too much house, not having a realistic budget, and selling your investments at the wrong time are some of the issues covered. https://www.gobankingrates.com/retirement/planning/ways-baby-boomers-become-poor- in-retirement/ For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Should you worry about a declining birth rate?
05/17/2024
Should you worry about a declining birth rate?
Should you worry about a declining birth rate? –The world is at a startling demographic milestone. Sometime soon, the global fertility rate will drop below the point needed to keep population constant. It may have already happened. Chris Boyd and Jeff Perry review a recent Wall Street Journal article discussing what declining birth rates mean to the economy, investing and the quality of life (see link below). For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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What is the economic data telling us?
05/17/2024
What is the economic data telling us?
What is the economic data telling us? – Chris Boyd and Jeff Perry explore the financial data reports from the past week, including the Producer Price Index, Consumer Price Index, Retail Sales, and Consumer Debt. Chris reviews comments from Federal Reserve Chairman Jerome Powell regarding the Federal Reserve’s efforts to tame inflation. Jeff discusses the impacts that higher interest rates are having on consumer spending and willingness to take on debt. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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5 Conversations with your Financial Advisor
05/13/2024
5 Conversations with your Financial Advisor
5 Conversations with your Financial Advisor - Based on the recently published article in Financial Planning (linked below), there are five extraordinary circumstances that go beyond the basic retirement planning that advisors should address with clients. The topics of discussion include non-traditional relationships and what happens when things go wrong, special issues with minor children, estate planning in second marriages, health challenges, and income tax surprises. Chris and Jeff also dig into some frequent areas where people with good intentions neglect to consider when putting together their financial plans. https://www.financial-planning.com/list/5-financial-planning-conversations-for- clients-in-2024 For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Earnings and what really matters
05/13/2024
Earnings and what really matters
Earnings and what really matters – Chris Boyd welcomes Brian Regan to the show. With approximately 80% of corporate earnings reported for this quarter, Brian outlines common trends he is seeing from these earnings. Jeff Perry questions Brian about areas of concern that CEO’s and investors may be focused on. Brian explains how he approaches evaluating a company to invest in and the trio discuss how stock buybacks and dividends can be positive or negative for a stock. Chris asks Brian how he makes the decision when it is time to sell a specific investment. Brian reflects on an article he recently authored on the subject. A link is noted below. https://www.thestreet.com/retirement-daily/your-money/thinking-slow-about-stocks-how- kahnemans-insights-improved-my-investment-results For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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Mail Bag- Still working exception to 401Ks
05/10/2024
Mail Bag- Still working exception to 401Ks
Mail Bag – For this episode, Chris Boyd and Jeff Perry open the “Mail Bag” and discuss questions from clients and listeners. Chris and Jeff start the episode with a Happy Mother’s Day wish. During the episode, Chris and Jeff discuss the “Still Working” exception related to 401Ks and required minimum distributions (RMDs), how to use a QCD (qualified charitable distribution) to reduce income taxes, and best practices when planning for loved ones with special needs. For more information or to reach Chris Boyd or Jeff Perry, click the below link: https://www.wealthenhancement.com/s/advisor-teams/amr
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The Retirement Smile
05/10/2024
The Retirement Smile
The Retirement Smile – Chris Boyd and Jeff Perry explore personal spending patterns when people enter retirement. The Retirement Smile shows increased spending in the early and late stages of retirement. Chris and Jeff dig into the reasons for this phenomenon and how to create a financial plan to best reflect projected spending and capital needs. Chris also brings up a Wall Street Journal article indicating that most people expect their retirement age to be sixty-five, but reality tells a vastly different story. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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17th Anniversary & Changing Times
05/06/2024
17th Anniversary & Changing Times
17th Anniversary & Changing Times – The Something More with Chris Boyd Radio Show has been on WXTK 95.1FM for 17 years! Chris Boyd and Jeff Perry have a wide- ranging conversation about how the radio show has changed and developed over the years. With a little bit of reminiscing and looking into the future, Chris offers his personal thoughts and business perspective on why the Something More with Chris Boyd Show is soon moving entirely to podcasts. Listeners are encouraged to follow the show on their favorite podcast channel and also to listen live to the final radio show from 3:00pm – 5:00pm on Saturday, June 1 st on 95.1FM WXTK. For more information or to reach Chris Boyd or Jeff Perry, click the below link:
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