Carson Odom, CPA, CFP® is back again to discuss lessons that we have learned at David Adams Wealth Group during COVID-19 and how that is shaping our thought process as we close in on election season 2020.

While starting a new business is no easy task, it can be one of the most rewarding adventures to go on. In this episode, David Adams Wealth Group wealth advisor, Carson Odom, CPA, CFP®, discusses what you need to know on the front end to get started on a successful path.

In this most recent episode, David discusses the presidential election as it closes in and the impact that it could have on the market. Additionally, he gives some tips on staying calm during volatile market periods.

Join as David gives his State of the Economy address to clients and friends in what has proven to be an unprecedented year for the markets, economy, and our overall personal lives as Covid-19 continued to be the focus and an upcoming election still looming.

Why is it so difficult to stick to a budget? In this episode, David discusses what all goes into building a budget that you can stick to, as well as how to manage debt effectively. He also touches on what he refers to as a reverse budget, the concept of paying yourself first at the beginning of each month before paying your expenses.

Fees are only an issue in the absence of value. Listen to David's podcast on the value of a Financial Advisor or any professional for that matter.

In deciding to pay a fee rather than commissions, clients should understand that the fee may be higher than a commission alternative during periods of lower trading. Advisory fees are in addition to the internal expenses charged by mutual funds and other investment company securities. To the extent that clients intend to hold these securities, the internal expenses should be included when evaluating the costs of a fee-based account. Clients should periodically re-evaluate whether the use of an asset-based fee continues to be appropriate in servicing their needs. A list of additional considerations, as well as the fee schedule, is available in the firm’s Form ADV Part II as well as the client agreement.

In this episode, David discusses the latest market updates in relation to COVID-19. He also shares important information on the federal government’s stimulus package, the CARES Act. Listen to David discuss what he feels is impacting the market, as well as what he feels are the biggest benefits of the CARES Act to individuals and small businesses.

All investing involves risk, including the possible loss of principal amount invested. No investment strategy can guarantee your objectives will be met.

David shares his thoughts about the Coronavirus as it pertains to the stock market. No one is sure how long the market will react to this virus and David shares examples of how the media affects our views and past occurrences similar to other virus scares. Some people are asking David, if they should sell and get back into the market when the things settle. Listen to David's answer to that question in the full episode.

Nashville based Financial Planner, David Adams continues the conversation in this Retire While You Work series, discussing good alternatives to putting money into the stock market. Most financial planners leverage the stock market to build investment portfolios which David does too, however by adding layers to financial plans can help alleviate concerns.  Listen to the full episode for David's expertise on how to plan for retirement and live comfortably. 

Many people are fearful of retirement and they want to know what the magic number is to retire. David shares that there is no magic number and 95% of the time the number is in our heads. In this podcast, we'll listen to David share some examples from clients and the vast differences between the two. Listen to the full episode for David's expertise on how to plan for retirement and live comfortably.