Advice on Building Wealth & Retirement Planning - A/B Conversations: CFP® Your Way Out Of It

Many people consider investing in real estate to diversify their portfolio, but is real estate a good investment?  There are many factors to consider.  Listen to Ben and Adam discuss potential risks to investing in real estate and things to consider prior to buying a property. 

[1:53] Our views on your primary residence as an investment
[4:07] Using real estate to make money
[7:12] Thinking about your liquidity needs
[9:33] Using real estate to diversify your investments?
[11:35] Historical facts on home appreciation
[14:30] Qualification process for a second property


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For more insights on everyday financial planning questions,  go to www.haasfinancialgroup.com

Contact Us:
Email us at [email protected]

Investment advice offered through Great Valley Advisor Group, a Registered Investment Advisor. Great Valley Advisor Group and Haas Financial Group are separate entities. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.

Wills, Power of Attorneys, and Healthcare Directives, Oh My! But honestly, what does all this mean? It’s critical to know what estate documents you should have, think about the best fit for who can execute on your wishes, and most importantly, why everyone should have a plan in place! In this podcast, Adam and Ben give an overview of what the estate documents are, ideas and tips for certain roles, and why it’s so important to have your estate documents current and in place. 

[2:53] Role of the executor/executrix
[5:53] Power of Attorney
[7:40] Healthcare Power of Attorney & Living Will
[9:09] Importance of naming only one person to be executor/executrix
[10:03] What happens if I don't have estate documents in place?
[11:48] Cost of drafting estate documents
[13:56] Importance of letting someone know where documents reside

Want more on estate planning, check out our previous podcasts:
Estate Planning Ideas When Children Are Not The Heirs
Breaking The Ice Around Family Finances

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Thanks for listening!

If you want to be notified when the next episode will be released, you can:

• Subscribe to the Show

For more insights on everyday financial planning questions,  go to www.haasfinancialgroup.com

Contact Us:
Email us at [email protected]

Investment advice offered through Great Valley Advisor Group, a Registered Investment Advisor. Great Valley Advisor Group and Haas Financial Group are separate entities. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.

Interest rates are next to zero so does that change the old adage that cash is king? Is there a certain amount of cash someone should always have sitting in the bank? To find out the answers, check out this podcast!

[2:17] What does "is cash still king" mean?
[3:33] The role and amount needed for your cash reserve
[7:01] How would we define holding too much cash
[8:19] Our three bucket theory
[12:42] Role of cash to help with your short-term goals 

Spoiler alert - cash is still king, just don't hold too much!

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If you want to be notified when the next episode will be released, you can:

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For more insights on everyday financial planning questions,  go to www.haasfinancialgroup.com

Contact Us:
Email us at [email protected]

Investment advice offered through Great Valley Advisor Group, a Registered Investment Advisor. Great Valley Advisor Group and Haas Financial Group are separate entities. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.

What’s the hardest thing for adults to talk about? Family finances! Money is a tricky subject, but it’s really important to have those conversations on the front end. Avoidance can lead to trouble down the road. Ben and Adam discuss why it's crucial to start the conversation and tips for getting started together as a family. 

[1:58] Getting the conversation started
[3:14] Why force yourself to discuss finances with family?
[5:46] Finding common ground
[8:43] Education for the next generation
[12:12] Approaching the conversation as we're all in this together
[13:16] The role Financial Planners can play in the conversation

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If you want to be notified when the next episode will be released, you can:

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For more insights on everyday financial planning questions,  go to www.haasfinancialgroup.com

Contact Us:
Email us at [email protected]

Investment advice offered through Great Valley Advisor Group, a Registered Investment Advisor. Great Valley Advisor Group and Haas Financial Group are separate entities. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.

Job changes are emotional times, whether it was a voluntary or involuntary change.  Change is not always comfortable, and it can also be scary.  Then you throw in a bunch of confusing things around finances, and you may just feel overwhelmed and need some help filtering through those financial decisions.  In this episode, Ben and Adam discuss potential impacts and financial choices that people should be considering as they transition through where they’re spending their work week.  

In this episode:

• [1:47] Cash Reserve & Liquid Assets
• [6:28] Review Expenses
• [7:24] Filing for Unemployment, if necessary
• [8:02] Understanding your Severance
• [10:40] Health Insurance Options
• [12:47] Retirement Plan Options

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If you want to be notified when the next episode will be released, you can:

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For more insights on everyday financial planning questions,  go to www.haasfinancialgroup.com

Contact Us:
Email us at [email protected]

Investment advice offered through Great Valley Advisor Group, a Registered Investment Advisor. Great Valley Advisor Group and Haas Financial Group are separate entities. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.

Where is the financial advising industry heading?  In our latest episode, listen to Adam and Ben talk about what they see for the future of the industry and trends that they think will become more popular in the next 5-10 years.  See if you agree!

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Thanks for listening!

If you want to be notified when the next episode will be released, you can:

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For more insights on everyday financial planning questions,  go to www.haasfinancialgroup.com

Contact Us:
Email us at [email protected]

Investment advice offered through Great Valley Advisor Group, a Registered Investment Advisor. Great Valley Advisor Group and Haas Financial Group are separate entities. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.

Have you ever thought of who you should leave your estate to?  Estate planning can be daunting with children as heirs, but even more difficult for those with no children or a surviving spouse.  Without a family to care for, you may feel that estate planning is not necessary.  However, everyone needs an estate plan and you can still be very thoughtful with leaving your legacy.  Listen to Adam and Ben discuss ideas for estate planning when there aren't obvious heirs to leave money to.

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If you want to be notified when the next episode will be released, you can:

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For more insights on everyday financial planning questions,  go to www.haasfinancialgroup.com

Contact Us:
Email us at [email protected]

Investment advice offered through Great Valley Advisor Group, a Registered Investment Advisor. Great Valley Advisor Group and Haas Financial Group are separate entities. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.

The Roth IRA is a great retirement tool and should be something you're considering for your own situation regardless of your phase of life or financial profile. There are some rules to this type of investment and a lot of misconceptions too! Ben and Adam talk about the ins and outs of a Roth IRA and how it can help diversify your “investment buckets”.  

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If you want to be notified when the next episode will be released, you can:

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For more insights on everyday financial planning questions,  go to www.haasfinancialgroup.com

Contact Us:
Email us at [email protected]

Investment advice offered through Great Valley Advisor Group, a Registered Investment Advisor. Great Valley Advisor Group and Haas Financial Group are separate entities. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.

We are halfway through the year and thought this was a good opportunity to take a brief pause from all the financial planning conversations we've had and remember that investments are really important too. And for as much as we were so laser focused on everything that was happening in 2020 with investments, it's kind of felt like an uneventful year when it comes to investments thus far. But that doesn't mean there aren't things to talk about.  Hence, this is our mid-year investment review.

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Thanks for listening!

If you want to be notified when the next episode will be released, you can:

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For more insights on everyday financial planning questions,  go to www.haasfinancialgroup.com

Contact Us:
Email us at [email protected]

Investment advice offered through Great Valley Advisor Group, a Registered Investment Advisor. Great Valley Advisor Group and Haas Financial Group are separate entities. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.

Retiring early sounds wonderful, but have you ever thought about how much healthcare would cost if you chose to say goodbye to work before age 65? People often forget that they need healthcare coverage to fill the gap until they become eligible for Medicare and it’s not cheap! Listen to Ben and Adam recall recent client conversations and discuss what to expect if you choose to retire early and need to find healthcare coverage on your own. 

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Thanks for listening!

If you want to be notified when the next episode will be released, you can:

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For more insights on everyday financial planning questions,  go to www.haasfinancialgroup.com

Contact Us:
Email us at [email protected]

Investment advice offered through Great Valley Advisor Group, a Registered Investment Advisor. Great Valley Advisor Group and Haas Financial Group are separate entities. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.