Modern Money - Peter Bombara PCB Financial Advisory Group PCB Capital

How to Choose The Right Financial Advisor

Are there different types of advisors to choose from?
Should you ask about their experience level?
How can you make it easier to compare advisors and how many should you talk to?

Questions to ask a perspective advisor:

How would you describe your typical client?
How long have you worked in financial services and what brought you to the industry?
How do you get paid?
How often and through which channels can I expect to hear from you?
Have you ever been cited or contributed to the financial media?
Are you an author on this subject?
Are you a fiduciary?

Podcast listeners can contact Peter Bombara at PCB Financial for an evaluation of their portfolio.

Call: 732-634-3620
Or visit online at www.PCBFinancial.com

Many of us have heard of a retirement "Bucket List," but did you know that a "bucket" strategy can go a long way toward covering your retirement? Peter Bombara explains both the expense buckets and the income buckets.

But wait, there are even more buckets! Time buckets will help you plan for the different stages of your financial future.

Finally, we cover the importance of monitoring and re-balancing to insure each of these buckets will help you knock out your bucket list.

Podcast listeners can contact Peter Bombara at PCB Financial for an evaluation of their portfolio.

Call: 732-634-3620
Or visit online at www.PCBFinancial.com

-Why should you TUNE OUT THE NOISE
-Lets LOOK AT THE BIG PICTURE
-Why is it important to never time the markets
-Stop FOCUSING ON RETURNS, and manage your RISK
-Who said investing is a smooth ride
-Plan smart and stop AVOIDING PROFESSIONAL ADVICE

Podcast listeners can contact Peter Bombara at PCB Financial for an evaluation of their portfolio.

Call: 732-634-3620
Or visit online at www.PCBFinancial.com

Visit www.PcbFinancial.com for more! Or Call 732-634-3620

Military death benefits can create tax free income

Traditional IRAs' inherited plans cannot be converted, but inherited

plans funds can!

The truth about once-per-year IRA rollover rules

Taking money out before 59 ½ even when there is no income

IRA contributions for IRA owners who have passed away

Taking out RMD’s or required minimum distributions

Asset allocation and diversification are crucial in planning your financial future. Peter and Jon cover several aspects of this in today's episode.

What does it mean when your asset allocation doesn't match your risk tolerance?

The importance of reviewing your financial plan.

Do you have a diversified portfolio, and how you can end up with unintended overlap.

Emotions and the stock market - how to avoid making emotional decisions about your money. This includes basing decisions on past performance.

Does your portfolio produce enough income, and how can we maximize that income?

How investing is like baking a pie.

Podcast listeners can contact Peter Bombara at PCB Financial for an evaluation of their portfolio.

Call Peter at PCB: 732-634-3620
Or visit online at www.PCBFinancial.com

Call Peter at PCB: 732-634-3620
Or visit online at www.PCBFinancial.com

Topics from this episode:

When am I eligible to collect social security?
Am I eligible for Additional benefits?
Will the Social Security Administration help me claim my benefits?
Is it better to delay your social security income or not?
What options do stay at home parents have or divorced families?
What happens to benefits when one spouse dies?
Do I have to pay taxes on my social security benefits?
Is social security going to be there forever?

Call Peter at PCB: 732-634-3620
Or visit online at www.PCBFinancial.com

00:40 How can you generate income when you retire if your needs exceed your savings?
04:30 Social Security Planning - How do you maximize your benefits?
8:00 Your RISK number explained
13:00 A discussion on investment fees and additional costs
15:00 Passing your assets on to those you love.

Call Peter at PCB: 732-634-3620
Or visit online at www.PCBFinancial.com

pisode 1 Show Content:
3 Stages of Your Financial Life:
00:55 Accumulation Stage
03:00 Preservation Stage
05:10 Distribution Stage
Diversification Explained:
07:00 Diversification - how building your dream home is the perfect analogy for planning your retirement, down to the foundation, the roof, and the walls.
09:00 The Foundation - safer investments like CDs, annuities, and possibly government bonds
10:00 The Roof - higher risk and returns, money you can afford to lose, like stocks, ETFs, mutual funds, Venture Capitalists, and more.
11:30 The Walls - your "insulation" from market volatility- additional cash flow, inflation protection, such as real estate investment trusts.
Choosing Your Financial Advisor
14:00 Choosing a Financial Advisor - it's not personal, it's a business decision!
15:00 As you change stages in your financial life, you may "graduate" to a new advisor.
16:30 Why to ask them, "Have you contributed to the financial media, or are you an author on this subject?"
18:00 What is a "captive advisor" and why should you avoid them?

Meet Peter Bombara of PCB Financial Advisory Group, who explains how his company helps people prepare for retirement. Peter also previews what we will cover in the Modern Money Show.