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

What happens when things go sideways in your financial journey? From market fluctuations, healthcare costs, and unexpected expenses, Ben and Adam talk about how we plan for worst-case scenarios. This allows clients to feel prepared no matter what life throws at them and they can continue living the life they want to live 📈💼🤔 

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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.

Planning for retirement? 🏖️🌴 Discover the power of 'likelihood of success' in mapping out your financial future. Learn from Benjamin Haas & Adam Werner as they share real-life scenarios and trade-offs in our latest podcast episode. 🗂️💡 

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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.

In the world of financial planning, it's not just about numbers; it's also about understanding emotions and priorities. Join the conversation with Benjamin Haas and Adam Werner as they reveal the detective work behind effective financial planning through what they call whiteboarding. Get ready to think differently about your 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.

Ready to debunk the myth of completely avoiding taxes? Listen to our podcast as we explore the strategies, nuances, and misconceptions surrounding tax planning and if there's a silver bullet when it comes to paying taxes. 

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.

Should I rent or buy my fun? As always, maybe! Ben and Adam discuss the ways we go through figuring out if it’s better to buy our fun, like a second property, a vacation home or a boat, or just rent it. A few factors to consider include upfront costs, ongoing expenses, carrying costs, taxes, and flexibility. If this is something you’re considering, tune in to see how these could impact your decision about buying your fun.  

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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.

A review of the first half of 2023: opportunities, risks, asset allocation, and highlights.  Join Ben and Adam as they reflect on the market during the first six months of this year and give their perspective on the investment outlook for the remainder of 2023. Here are some topics they cover in this episode:

• The risk of a recession in Europe 
• The Federal Reserve's strategy and response 
• Asset allocation and rebalancing 
• The importance of diversification 

Tune in to gain valuable insight on the opportunities and risks for investors.

Resources: 

https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html  

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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.

The Department of Education is calling this the “most ambitious and significant redesign of the federal student aid application in decades” 

 Major changes include: 

• Parents or guardians with more than one child in college will not receive a break or discount on their Expected Family Contribution (EFC) 
• Small business owners and family farms will no longer be able to exclude their business and farm assets from the FAFSA 

 Potential major changes include: 

• The new Free Application for Federal Student Aid (FAFSA) formula for divorced parents says that the parent who has spent the most money on the child in the previous 12-month period will be completing the FAFSA. 
• Changes in the federal aid formula will allow an additional 1.7 million students qualify for the maximum Pell Grant, which is the federal program for low- and middle-income students. 

 There are major positive changes for grandparent-owned 529 plans or other relative-owned 529s.   

• Qualified distributions from a 529 plan that are owned by relatives will no longer be treated as income for the child’s portion of the Student Aid Index (SAI), formerly the Expected Family Contribution. 

 Tune into this podcast to listen to Ben and Adam discuss how these changes may impact your situation and where new planning opportunities should be explored. 

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 Source:

https://www.wealthmanagement.com/college-planning/fafsa-gets-overhaul 

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.

On our 100th episode, we discuss planning situations and strategies that go into preparing to live to age 100. Longevity is the biggest risk in retirement and it amplifies other risks such as cost of living, healthcare, inflation, and medical expenses.  As the more time goes by, the more things are likely to change if your life.  It's important to review your estate plan and financial plan on a regular basis because the earlier you can plan for longevity, the better.  Tune in to hear tips for preparing for a long and financially healthy retirement!

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Source: https://www.ebri.org/docs/default-source/rcs/2023-rcs/2023-rcs-short-report.pdf  

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.

Life is constantly changing and it's important to review your financial plan and make any necessary adjustments so your finances are aligned with your goals and wishes.  It's also important to fill in any gaps before they become bigger items that are harder to address down the road.  A few things to review include:

• Cash reserve
• Estate documents
• Beneficiary designations
• Investment allocation

Tune in to hear why it’s important to audit your financial plan.  

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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.

Recently Carl Richards shared results from a study conducted by researchers at Harvard a few years ago.  In the experiment they gave people two options: 

1. You could earn $50,000 a year, but everybody else in the world around you only earns $25,000. 
2. You could earn $100,000, but everybody else around you was earning $200,000. 

In those two scenarios, everything is equal, except for what you make and earn compared to those around you. Option 2 is the obvious choice, right? You would want more money independent of what everyone else had.  But the study found that more than half the people chose option one.

In this podcast, we talk about the dangers of benchmarking yourself against others.  We provide tips for focusing on what you can control to avoid making potentially harmful decisions based on what you would think somebody else would want you to do.

Source: https://behaviorgap.com/is-mine-bigger-than-yours/?utm_source=email&utm_medium=email&utm_campaign=behavior-gap-weekly-letter

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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.