Tag Archive for: financial plan example

Dealing With Financial Pressure Amid COVID-19 [Episode 169]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by John Smallwood, president of Smallwood Wealth Management and author of “It’s Your Wealth – Keep it: The Definitive Guide to Growing, Protecting, Enjoying, and Passing on Your Wealth,” to discuss ways of overcoming financial pressures amid the COVID-19 pandemic.

They highlight how lifetime events that occur in the financial market can cause major setbacks that can be felt in your accounts for years to come. John describes ways that people can stabilize their financial situation and restructure their plans.

John describes accurate ways to determine how much money one may need to save, in order to retire, as well as steps that one can take, in order to reduce the financial stress on them or their family.

He navigates how much of a burden taxes can be when it comes to navigating a financial landscape with retirement on the horizon, as well as steps to take if someone has lost their job due to the pandemic.

COVID-19’s Continued Impact on the Stock Market [Episode 162]

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Attorney-CPA Joe Cordell and co-host Jill Enders are rejoined by Louis Wray, founder and Wealth Manager of Vine Wealth Management to discuss how to navigate the stock market amid the COVID-19 pandemic.

They break down the effects of the pandemic on the economy and how to project the future, amid the chaos. Louis looks into 2021 and offers his insight on the stock market and economy’s future.

Louis highlights industries and companies that have recovered from the financial impact of COVID-19, as well as what may change moving forward.

Louis navigates the subject of annuities for older clients and how risk tolerance is factored into the financial decision-making process. He makes investment recommendations for those looking to retire by the end of the year, as well as talks about the benefits and potential drawbacks that often are discussed of a diversified portfolio.

Joe and Louis discuss how Federal policy has affected the stock market over the last 12 years, as well as how it can affect projections.

Having Important Financial Conversations with Ande Frazier [Episode 157]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by behavioral finance expert and author Ande Frazier to discuss how to reestablish financial stability and security amid the COVID-19 pandemic.

They talk about Ande’s background in the financial field and how her father’s ministry has helped those seeking financial advisement. Ande discusses her book “Financially Free: 11 Conversations to Have With yourself About Life, Money, and Worth,” and highlights how those who are age 60 and older require financial plans that fit their goals and individual life circumstances.

Ande and Joe outline investment strategies for those over age 60. They highlight how the COVID-19 pandemic may affect specific markets and why it still is vital to have money left over for necessary expenses.

Ande and Joe advocate financial responsibility and talk about how many were living on “the financial edge” before the pandemic, who are now defaulting on mortgages. They talk about the state of the stock market and how the 2020 United States presidential election may affect the stock and financial landscape.

Exploring the Financial Landscape Amid COVID-19 [Episode 155]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by Certified Financial Planner John Wehmer, of Cornerstone Wealth Management, as they discuss some of the financial repercussions of the COVID-19 pandemic.

They talk about the stress that financial uncertainty can cause during this pandemic, as well as how possible unemployment may affect a client’s financial situation.

John talks about needs vs. wants, when it comes to a client’s retirement, as well as what he expects from the financial landscape in the rest of 2020 and 2021.

He talks about the cruise, flight, and entertainment industries and how long it may take for them to bounce back.

John describes how the questions he asks his clients helps shape his economic outlook, as well as how many of his clients are turning toward home renovation during the pandemic.

John speculates how the 2020 Presidential Election may affect the financial landscape amid the COVID-19 pandemic.

Navigating the Investment Market Amid COVID-19 [Episode 150]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by financial advisor John Gallia of Gallia Wealth Management to discuss the impact of the pandemic on financial planning.

They highlight the economic highs and lows of the COVID-19 pandemic and how they have affected financial planning. They talk about different industries and how they have been impacted, as well as whether or not we should anticipate another economic downturn, as the result of another spike of COVID-19.

John breaks down the economic impact of the pandemic on the value of the dollar, as well as how the stimulus package has functioned in helping the economy.

He breaks down how interest rates have been affected and whether or not investments in assets with high inflation rates are smart moves right now.

John helps explain the current state of the bond market, as well as the housing market and the benefits of selling in today’s real estate market.

Navigating the COVID-19 Financial Market [Episode 147]

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Attorney-CPA Joe Cordell and co-host Jill Enders are rejoined by Wealth Advisors and Certified Financial Planners Todd Oetken of R.W. Baird, to break down how the Coronavirus (COVID-19) pandemic has affected the practice of financial planning.

Todd talks about his interactions with clients and how the shelter-in-place orders have affected his clients (2:30), as well as how the market has impacted clients (3:55). He describes his feelings toward the pandemic and the emotional and social impact of it, from his client’s perspective (6:26) and navigates the complicated situation for those living paycheck-to-paycheck during the economic downturn of the pandemic (13:25).

He also explains the difference between an IRA and a Roth IRA (20:43), as well as long-term investments that are worth considering in a post-Coronavirus pandemic world (24:47). Todd breaks down what an ETF is (26:24) and why increasing one’s contribution to their 401K plan, if you have a stable job and have continued working throughout the pandemic, is a good idea (31:09).

Navigating Financial Planning During COVID-19 [Episode 146]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by wealth manager Louis Wray, of Vine Wealth Management, to discuss the impact of the Coronavirus (COVID-19) pandemic on financial planning.

They talk about the current financial planning mindset amid the pandemic (4:53), as well as the consequences of dipping into your retirement early when you have financial concerns during this uncertain time (8:38).

Louis describes the type of impact that the current COVID-19 financial landscape will have on those looking to retire (16:18), as well as how the Cares Act affects seniors and those looking to retire (26:31).

He highlights why United States taxes likely will increase in the future (27:20) and describes the process of how you will be receiving the money that you will be getting through the Cares Act (30:33). Louis also talks about how filing your 2019 tax return may affect this process (31:41).

Making a Financial Plan [Episode 136]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by Certified Financial Planner John Gallia, of the Gallia Wealth Management Group in Creve Coeur, Mo., to discuss the importance of financial planning as you age. John emphasizes evaluating what one aspect you feel is to be improved on in your financial plan and devoting time and effort to work on it.

John highlights the importance of seeking a Certified Financial Planner, when planning your financial future, as well as how they are paid. He describes how pension plans factor into the greater financial scope of a client’s finances, as well as how important understanding a client’s goals is for a Certified Financial Planner.

He talks about how frequently listeners should be speaking to a financial planner, as well as how living situations for retired individuals can affect their overall financial picture, especially those dealing with mortgages.

John also talks about the impact of credit card debt and how vital it is to get rid of that before you retire.