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

Change can be hard, especially when transitioning into retirement and figuring out new routines in life. You may be surprised to realize it's hard to change your pre-retirement mindset of saving to a post-retirement mindset of drawing down your investments.  Now your savings is finite. We can help you overcome the fears of: Did I save enough? How do I know when I'll run out of money? Where do I pull money from? Our goal is to help you balance that excitement of doing the things you want to do during the go-go years of your retirement by making a plan that tracks if your money and spending can last your lifetime. Check out this episode to find out how we guide people through this process.  

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

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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.

How big of an impact do mid-term elections have on investment returns?

Historically mid-term election years have been poor performing investment years. The good news is that the year following a midterm election year, the S&P 500 has been higher every single time since 1950.  Getting on the other side of elections should be good news for investment returns. The most important thing is staying the course. In times of doubt, review your financial plan to make sure it still fits. 

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Sources:

https://am.jpmorgan.com/us/en/asset-management/protected/adv/insights/market-insights/market-updates/bulletins/policy-and-politics-the-fiscal-and-midterm-election-outlook/

https://view.ceros.com/lpl/midyearoutlook2022/p/5

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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.

Are we all doomed? It feels like almost everyone is struggling with emotional fatigue right now. When's the last time things felt normal?  The negative headlines on safety, war, inflation, politics feel even worse when you're seeing your savings and investments go down and your expenses and spending increasing.  

We recognize resiliency is not easy.  We are here to review your retirement plan,  review it often, and make changes when necessary through our financial planning process. In this podcast episode, we discuss the importance of staying on your financial path so investments don't affect your big picture plan.  

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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.

Saving for college is something that definitely matters to a lot of those that we work with (parents and grandparents) because continuing education is important, and because it’s not cheap! Student loan debt is all over the news. In the absence of saving, you’re stuck with loans.  In this podcast episode, Ben is joined by our newest member of the Haas Financial Group team, Mike Hendrickson.  They discuss the different ways you can think about saving for college, and perhaps more specifically, why the very popular 529 Plan may NOT be the right fit for you.  

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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.

Most people aren't comfortable talking to others about money. But, Social Security is a universal financial topic that most feel okay with discussing with others because we all get to make an election decision by age 62.  More than 50% of people choose to take Social Security early because they need the income in retirement. But what if your decision on when to elect Social Security isn't apparent?  What could sway you one way or another to elect or not?  

The Social Security decision is truly situational and financial planning can help.  In this podcast episode, we discuss how we would go about walking clients through the different scenarios and what factors to consider prior to making this irrevocable choice.

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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:
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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.

If money wasn’t an obstacle, would you change anything about your life? Then the most important follow up question: WHY? 

This podcast is not only for those living in the lottery world.   If we truly believe that money is the tool that's going to help you live the life you want to live, then we need to think about what you value most.  In our planning process we will ask questions to get you thinking about what you value.  This may go outside your comfort zone, but our goal is to help you figure out how to align your money with your values, so you can live a fulfilled life.

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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.

Haas Financial Group is inspired by Brendan’s passion around “the human side of advising”. Historically, the financial services industry was more focused on training around numbers, spreadsheets, and market commentary. Those things are 100% required and necessary but, there’s a whole other realm of the relationship that has to do with behavior, psychology, and communication.

In this episode, Ben sits down with Brendan to discuss practical tips and insights to apply behavioral finance into our financial planning practice.  Brendan's mission is to provide the training that every advisor needs but never received in courses, designations, and certifications. He embarked on this quest to try and make the information more digestible and applicable for advisors to help accelerate their path to being able to develop these softer skills to their clients.  He discusses the importance of asking better questions to form deeply personal relationships with our clients. By developing these skills, the financial planning conversation shifts to what our clients value; deconstructing their thoughts and feelings around money.

About Brendan Frazier:
Brendan Frazier is the Founder of Wired Planning, the Host of the Human Side of Money Podcast, and was named one of Investopedia’s Top 100 Financial Advisors. He helps financial advisors (including us!) around the world apply behavior, psychology, and communication principles to enhance client outcomes and forever change the trajectory of their business.

www.wiredplanning.com

Brendan Frazier and Wired Planning are not affiliated with Great Valley Advisor Group and Haas Financial Group.

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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.

Losing a spouse can be a very difficult and emotional time.  There's so much to do and to work through emotionally, financially, and physically.  In this episode, we help to decipher what needs to happen now, what can be done soon, and what financial things can be handled later.  We provide a checklist of small steps to take to feel like you are making progress in this new chapter of your life, but also allowing time to figure out what you'd like to see happen in the future.

·       Now: first two weeks
·       Soon: 2-8 weeks
·       Later: 3-6 months

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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're halfway through the year and it's time for us to share themes from those that focus on investments - LPL Financial, Blackrock, JP Morgan, Nuveen, etc. They don't agree on what the second half of the year looks like.  There are common statements and themes, but a wide range of potential outcomes.   

In this podcast episode we discuss the general themes and the outlook for the second half of the year.

Sources:
https://www.blackrock.com/corporate/literature/whitepaper/bii-2022-midyear-global-outlook.pdf

https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/market-insights/MI_Mid-Year_Outlook_2022.pdf

http://view.ceros.com/lpl/midyearoutlook2022/p/1

https://documents.nuveen.com/documents/nuveen/default.aspx?uniqueid=c3c6dc28-aa70-4b3d-b33b-cfd99fa1e56e

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.

We want to focus on what we believe financial planning is and that's helping point people in the right direction, making sure they understand the difference between things they can control and things that they can only influence.  When you focus on controlling the things you can, your likelihood of success goes up significantly. It's when you drift into focusing on things you can't control or you choose to react to things you can't control, that's when self-sabotage gets in the way.  In this podcast episode, we discuss the things you can control and the things you can influence even during these uncertain times. 

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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.