I've Been Meaning To Do That

In this episode of the podcast’s “Life happens” series, host Oscarlyn Elder talks to Truist Wealth’s Lee McCrary (Strategic Client Group) and David Herritt (Center for Family Legacy) about why it’s important for business owners to prepare themselves and their family for a transition. They discuss (time stamps are approximate):

• Introducing Lee and David (1:44)

• Defining pivotal moments (3:23)

• The personal aspects of a major event (5:35)

• The framework for a transition (9:52)

• Preparing your family’s human capital (14:28)

• First steps for business owners (28:03)

• Understanding your values before the transition (34:14)

• What Lee and David have been meaning to do (37:43)

• Closing thoughts from Oscarlyn (40:27)

The podcast team has created a template for taking notes on each episode. You can find it at Truist.com/resources/wealth/financial-planning/life-happens-navigate-pivotal-moments-for-your-business-and-family.

Have a question for Oscarlyn or her guests? Email [email protected].

Life is full of surprises. Are you and your financial plan ready for them? In this first episode of the podcast’s “Life Happens” series, Truist Wealth’s Robin Thomas and Jacqueline Parks join host Oscarlyn Elder for an overview of common out-of-the-blue situations and some first steps you can take to prepare for them. They discuss (time stamps are approximate):

• Introducing Robin and Jacqueline (1:31)

• The most common unexpected events (3:10)

• Your biggest priorities for planning (7:44)

• How to uncover your main risks (12:02)

• Common protections against the unexpected (17:59)

• Why some people are reluctant to plan for life events (21:51)

• The dangers of tunnel vision (27:32)

• First to-dos for planning for life’s surprises (33:25)

• What Robin and Jacqueline have been meaning to do (38:38)

• Closing thoughts from Oscarlyn (40:49)

The podcast team has created a template for taking notes on each episode. You can find it at Truist.com/resources/wealth/financial-planning/hidden-biases-and-what-you-can-do-about-them.

Have a question for Oscarlyn or her guests? Email [email protected].

Help your high schoolers develop the financial skills they’ll need as adults. This episode of “I’ve Been Meaning To Do That” provides tips on how to discuss spending, saving, and making a college decision with your teens. Host Oscarlyn Elder and Truist Wealth’s Emily Haenselman and Karen Kahn also talk about important actions to take before dropping off your kids on campus. They discuss (time stamps are approximate):

• Introducing Emily and Karen (1:25)

• Key financial concepts for high schoolers (4:24)

• The power of saving (5:55)

• A spending plan for your teen (7:52)

• Tie spending lessons to driving, other milestones (9:35)

• Use credit wisely (12:02)

• How and when to have financial talks (16:50)

• Connect values to priorities (20:17)

• Talk to teens about paying for college (23:48)

• Give your children ownership of their education (31:31)

• Tips on 529 plans (35:43)

• Powers of attorney when your children turn 18 (40:35)

• Young adults and health care decisions (45:44)

• What Karen and Emily have been meaning to do (48:03)

• Closing thoughts from Oscarlyn (51:51)

The podcast team has created a template for taking notes on each episode. You can find it at Truist.com/resources/wealth/financial-planning/hidden-biases-and-what-you-can-do-about-them.

Have a question for Oscarlyn or her guests? Email [email protected].

Create your financial plan, then keep the conversation going: That’s the message of this episode of “I’ve Been Meaning To Do That.” You might know your purpose and what you want to do with your wealth, but you need a plan—a how-to guide—to accomplish your wealth objectives. And that’s just the start. Ongoing discussions with your advisor can keep your financial plan thriving. Truist Wealth’s Kristin Beard and Craig Cascio and host Oscarlyn Elder discuss a step-by-step process for building a road map to your future. They discuss (time stamps are approximate):

• Introducing Kristin and Craig (0:57)

• Financial plans are like road maps (3:43)

• Know the numbers behind your aspirations (6:37)

• How a plan empowers you (08:50)

• Financial plans and the freedom to choose (15:23)

• Components of a financial plan (19:21)

• Assumptions and estimates in your plan (22:11)

• Checking in on your progress (30:15)

• What Craig and Kristin have been meaning to do (35:45)

• Closing thoughts from Oscarlyn (39:38)

The podcast team has created a template for taking notes on each episode. You can find it at Truist.com/resources/wealth/financial-planning/hidden-biases-and-what-you-can-do-about-them.

Have a question for Oscarlyn or her guests? Email [email protected].

Get ready to make the move to retirement in this episode of “I’ve Been Meaning To Do That.” Building the investment portfolio necessary to support retirement is just one step—you also need a plan for how you want to live your purpose in this exciting new stage of your life. Truist Wealth co-Chief Investment Officer Oscarlyn Elder talks to Paul Shorter and Tony Bryan from Truist Wealth about how clients can make the transition to a successful, purposeful retirement. They discuss (time stamps are approximate):

• Introducing Paul and Tony (1:53)
• Preparing for the day-to-day life of retirement (3:52)
• Coping with the emotional response to retirement (5:26)
• Actions to take that help with the transition (11:30)
• Adding structure to daily life in retirement (16:16)
• Prioritizing what matters most (19:16)
• Making sure you’re financially prepared (23:12)
• Typical wealth objectives (26:02)
• Managing a portfolio in retirement (32:33)
• Common costs that people underestimate (35:39)
• Key decisions about retirement accounts (41:31)
• What Paul and Tony have been meaning to do (43:45)
• Closing thoughts from Oscarlyn (47:05)

The podcast team has created a template for taking notes on each episode. You can find it at Truist.com/resources/wealth/financial-planning/hidden-biases-and-what-you-can-do-about-them.

Have a question for Oscarlyn or her guests? Email [email protected].

On Episode 4 of “I’ve Been Meaning To Do That,” Oscarlyn talks to Tim Houlihan, enterprise director of behavioral science at Truist, and Daniel Crosby, chief behavioral officer at Orion Advisor Solutions. They discuss (time stamps are approximate):

Introducing Tim and Daniel (2:18)

What is status quo bias? (8:53)

Regret avoidance: the decisions that will affect how we’ll feel in the future (13:40)

Streamlining a complex world with availability bias (20:55)

Demographic trends and overconfidence (23:45)

What’s the most common of these biases? (26:25)

How to recognize overconfidence in your actions (28:52)

Recognizing other biases (32:20)

How to overcome common biases (34:25)

Tying together Episodes 2, 3, and 4: Hold the mirror up to yourself (42:20)

What Tim and Daniel have been meaning to do (44:06)

Ending notes from Oscarlyn (49:10)

The podcast team has created a template for taking notes on each episode. You can find it at Truist.com/resources/wealth/financial-planning/hidden-biases-and-what-you-can-do-about-them.

Have a question for Oscarlyn or her guests? Email [email protected].

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About “I’ve Been Meaning To Do That”

More and more, we’re thinking about shaping our personal—and financial—lives around our purpose and focusing on the contributions we want to make. If you want to turn those thoughts into action and start living intentionally day by day, “I’ve Been Meaning to Do That” is here to help. In each episode, Truist Wealth Co-Chief Investment Officer Oscarlyn Elder will talk to fellow thought leaders about the intersection of your aspiration and smart financial planning, along with steps you can take to focus on what matters most to you.

About “I’ve Been Meaning To Do That”: More and more, we’re thinking about shaping our personal—and financial—lives around our purpose and focusing on the contributions we want to make. If you want to turn those thoughts into action and start living intentionally day by day, this podcast is here to help. In each episode, Truist Wealth Co-Chief Investment Officer Oscarlyn Elder will talk to fellow thought leaders about the intersection of your aspirations and smart financial planning, along with steps you can take to focus on what matters most to you.

On Episode 3 of “I’ve Been Meaning To Do That,” Oscarlyn talks to Bill Lyons and Kristin Beard, who work with clients on living their purpose through their wealth objectives and financial plan. They cover (time stamps are approximate):

• What wealth objectives are (2:33)
• Examples of wealth objectives (3:38)
• Kristin and Bill talk about their wealth objectives (7:35)
• Why tying a wealth objective to purpose is important (10:48)
• With whom to discuss wealth objectives and purpose (15:00)
• Sharing wealth objectives with a partner or spouse (19:41)
• How to establish priorities among your wealth objectives (22:58)
• How life events can affect wealth objectives (26:28)
• Description of exercise designed for this episode (29:30)
• What Kristin and Bill have been meaning to do (33:06)
• Ending notes from Oscarlyn (37:01)

To help you develop an action plan for tackling your wealth objectives, the podcast team has created a worksheet you can download. In it, you’ll read about wealth objectives and how to organize them by priority. Then you’ll write down some of your objectives and how you’ll get started on them. You can find it at Truist.com/DoThat.

Have a question for Oscarlyn or her guests? Email [email protected].

About “I’ve Been Meaning To Do That”:

More and more, we’re thinking about shaping our personal—and financial—lives around our purpose and focusing on the contributions we want to make. If you want to turn those thoughts into action and start living intentionally day by day, this podcast is here to help. In each episode, Truist Wealth Co-Chief Investment Officer Oscarlyn Elder will talk to fellow thought leaders about the intersection of your aspirations and smart financial planning, along with steps you can take to focus on what matters most to you.

In this episode, Alex Wagner and Erica Shalhoup, thought leaders on purpose at Truist, return to the podcast to discuss:

• The importance of reflecting on what drives you
• How values connect to your purpose
• The benefits of sharing your purpose with friends, family, and others

To help you take the first steps in understanding your purpose, the podcast team has created an exercise you can download. In it, you’ll reflect on important moments in your life and your values. You can find it at Truist.com/perspectives.

Have a question for Oscarlyn or her guests? Write to [email protected].

About “I’ve Been Meaning To Do That”:

More and more, we’re thinking about shaping our personal—and financial—lives around our purpose and focusing on the contributions we want to make. If you want to turn those thoughts into action and start living intentionally day by day, this podcast is here to help. In each episode, Truist Wealth co-Chief Investment Officer Oscarlyn Elder will talk to fellow thought leaders about the intersection of your aspirations and smart financial planning, along with steps you can take to focus on what matters most to you.

In this episode, Oscarlyn talks to Alex Wagner and Erica Shalhoup, two champions of purpose within Truist, about:

• What purpose means
• The benefits of understanding your purpose
• Why you should tie your purpose to your financial plan

Have a question for Oscarlyn or her guests? Write to [email protected].