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Financial Symmetry: Balancing Today with Retirement

When considering retirement, do you wonder what financial opportunities you may be missing? Busy lives take over and years pass without taking advantage. In this retirement podcast, the Financial Symmetry advisors unveil financial opportunities, to help you balance enjoying today so you are ready to retire later. By day, they are fiduciary fee-only financial advisors who answer questions about tax savings, investment decisions, and how to save more. If you’ve been putting off your financial to-do list or are just not sure what you’ve been missing, subscribe to the show and learn more at www.financialsymmetry.com. Financial Symmetry is a Raleigh Financial Advisor. Proudly serving clients in the Triangle of North Carolina for over 20 years.
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Financial Symmetry: Balancing Today with Retirement
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Now displaying: Page 2
Jun 12, 2023

Most of us feel like we have a sound process for investing, that is until curveballs are thrown our way. Then, emotions like envy, greed, and fear take over, making us feel like we need to abandon our long-term investing process for the short term. We do this by taking impulsive actions like: 

  • Timing the market
  • Buying what’s hot
  • Selling what’s plunging

However, the investors who do well, in the long run, are the ones who stay the course, focusing less on reactionary changes and more on well-defined targets that you can plan for.

In this week’s episode, we talk about the importance of planning for cash flow needs over the next five years and how to reframe your thinking about making short-term changes to your investment strategy. 

*****

🎥 See a video recap

📬 Tips each month to help you Enhance Your Today and Enrich Your Tomorrow. Download our Pre-Retirement Checklist Ebook today

🎯 Subscribe to not miss future episodes here

📰 See the full show notes here

May 30, 2023

What can hockey teach us about pursuing your ideal retirement? 

As we watched our Carolina Hurricanes progress in the Stanley Cup playoffs, we were reminded of three hockey strategies that are also vital in fulfilling financial planning outcomes. 

And despite the early exit of the Canes in the Eastern Conference Finals, this hockey-themed episode can still assist you in the pursuit of your ideal retirement.

As Wayne Gretzky reminded us, don’t skate to where the puck is, skate to where the puck is going. Too many investors skate where the puck is currently. This Blackrock graph, mentioned in the show, is a good demonstration of results from people that tend to follow the herd to the hot trends now vs. investing where others are selling.

Now on with this week’s episode.

  • [2:18] Develop a game plan 
  • [6:50] Taking advantage of power plays
  • [11:23] Winning the face-off

*****

🎥 See a video recap & slides referenced here

📬 Tips each month to help you Enhance Your Today and Enrich Your Tomorrow. Download our Pre-Retirement Checklist Ebook today

🎯 Subscribe to not miss future episodes here

📰 See the full show notes here

May 15, 2023

Are you the type of person who loves surprises? One surprise you probably don’t enjoy is having to pay more taxes than you anticipated. 

Unfortunately, taxes are a necessary part of life. The best thing you can do to ensure that you aren’t caught off guard at the end of the tax year is to prepare throughout the year. 

On this episode of Financial Symmetry, Allison Berger and I review 9 ways to prevent taxes from catching you off guard. Don’t let the next tax season take you by surprise. Listen in to hear how you can improve your tax situation so that you can rest easy come tax time.

*****

🎥 See a video recap & slides referenced here

📬 Tips each month to help you Enhance Your Today and Enrich Your Tomorrow. Download our Pre-Retirement Checklist Ebook today

🎯 Subscribe to not miss future episodes here

📰 See the full show notes here

May 1, 2023

Many of our clients ask for financial books and other resources they can share with their loved ones to improve their financial literacy. When young people are armed with financial knowledge they make smarter financial decisions that will ultimately pay off in the long run.

When young adults are just getting started, financial information is best shared in bite-sized pieces which makes a 30-minute podcast the ideal medium for potentially life-changing financial tips. 

If you know of someone who is about to graduate from college and embark on their journey into the adult world, this is the episode for them. They’ll learn how to make the best financial decisions they can with their new paychecks. Please make sure to share this episode with the young people in your life. 

*****

🎥 See a video recap & slides referenced here

📰 See the full show notes here

📬 Tips each month to help you Enhance Your Today and Enrich Your Tomorrow. Subscribe to the Financial Symmetry newsletter and receive 5 Questions you Should Ask A Financial Advisor.

🎯 Subscribe to not miss future episodes here

Other Resources Mentioned:

Apr 17, 2023

As you plan to live your ideal retirement, you may want to share your good fortune with others who are less fortunate.

🎥 See a video recap here

Giving is incentivized through the tax code, so being charitably inclined can also help to reduce your tax liability.

In retirement, there are many ways to map out your charitable giving to take full advantage of the tax benefits. This is why, we discuss ways to capitalize on those opportunities while meeting your charitable goals.

Listen in to learn how to enhance your today and enrich your tomorrow while giving intentionally.

What You'll Learn In This Episode

  • [0:49] Common charitable goals
  • [2:37] Time talent and treasure
  • [5:27] Mikey and Minnie’s case study
  • [11:36] Donald and Daisy’s case study
  • [19:13] Be intentional about your giving
  • [21:10] Today’s progress principle

*****

📬 Tips each month to help you reach your Ideal Retirement. Subscribe to the Financial Symmetry newsletter and receive a free Mega-backdoor Roth guide.

📰 See the full show notes here

🎯 Subscribe to not miss future episodes here

Apr 3, 2023

Have you ever spent hours trying to fix something that, with the right tools, a professional could fix in five minutes?

We’ve all been there. But it's often difficult to fully appreciate the time, effort, and in some circumstances the cost it could save you to enlist help earlier in the process.

In today’s episode, we’ll explore six steps that are available to augment your lifetime savings. Press play to discover if you are missing out on critical savings tools.

*****

📬 Tips each month to help you reach your Ideal Retirement. Subscribe to the Financial Symmetry newsletter and receive a free Mega-backdoor Roth guide.

📰 See the full show notes here

🎥 See a video recap here

🎯 Subscribe to not miss future episodes here

Mar 20, 2023

If you have been watching the news lately you may be wondering if your cash is safe. Watching the country’s 16th largest bank collapse causes people to question whether the banking system is set up to ensure that funds are accessible. 

On this episode of Financial Symmetry, we’ll discuss what happened to Silicon Valley Bank, examine how much cash you really need, and explore options for managing your emergency fund. Listen in to learn how to safely manage your emergency fund. 

Outline of This Episode

  • [1:34] What happened with Silicon Valley Bank
  • [4:40] How much cash do you really need?
  • [7:50] How to manage your emergency fund
  • [15:31] Create your own plan

Connect With Chad and Mike

Subscribe To This Podcast

Apple Podcasts <> Stitcher <> Google Play

Mar 6, 2023

As International Women’s Day approaches, we wanted to get together to explore ways to improve the financial outcome for women across the globe. 

In this episode, Allison Berger, Grace Kvantas, Haley Modlin and Darian Billingsley, break down the four Cs of women’s personal finance.

Resources & People Mentioned

*****

📬 Tips each month to help you reach your Ideal Retirement. Subscribe to the Financial Symmetry newsletter and receive a free Market Volatility Playbook.

📰 See the full show notes here

🎯 Subscribe to not miss future episodes here

DOWNLOAD the Sudden Money Financial Transition Journal here

Feb 20, 2023

Retirement is one of the most significant changes that you will manage in your life. It takes not just careful financial planning, but also careful life planning as well. 

🎥 See a video recap here

Our guest today, Susan Bradley, is the author of Sudden Money and the founder of the Sudden Money Institute. She is also a Certified Financial Planner (CFP) and a Certified Financial Transitionist (CFT). We discuss how best to prepare for the retirement transition

*****

📬 Tips each month to help you reach your Ideal Retirement. Subscribe to the Financial Symmetry newsletter and receive a free Market Volatility Playbook.

📰 See the full show notes here

🎯 Subscribe to not miss future episodes here

DOWNLOAD the Sudden Money Financial Transition Journal here

Feb 6, 2023

In today’s video, we discuss several questions of what we can learn from last year’s investing experience and what we could expect for 2023.

  • Why 2022 was a challenging year in stock and bond markets?
  • What was historic about the year for bond returns?
  • Could there be a silver lining for stock returns?
  • How do markets react in the years after a down year in stocks?
  • The range of emotions when holding a diversified portfolio
  • Why you’ll always hate something in your portfolio
  • Which 7 stocks held back the S&P 500 in 2022?
  • When does a growth stock become a value stock?
  • What 6 different “expert” companies are predicting for returns over the next 10 years?
  • Why does having an investment plan informed by a financial plan matter?
  • Do you have a monitoring process to know when or when not to act with your portfolio?

Listen in to see how lessons from last year can help you move forward with confidence. 

*****

📬 Tips each month to help you reach your Ideal Retirement. Subscribe to the Financial Symmetry newsletter and receive a free Market Volatility Playbook.

📰 See the full show notes here

🎥 See a video recap here

🎯 Subscribe to not miss future episodes here

Jan 23, 2023

The Secure Act 2.0 was recently passed bringing in hundreds of new retirement and investment account changes.

In this episode, we detail some of the most impactful changes for you. We’ll break down these changes to explore planning opportunities for your retirement planning strategies. 

*****

📬 Tips each month to help you reach your Ideal Retirement. Subscribe to the Financial Symmetry newsletter and receive a free Mega-backdoor Roth guide.

📰 See the full show notes here

🎥 See a video recap here

🎯 Subscribe to not miss future episodes here

Jan 9, 2023

The beginning of a new year motivates many of us to make lists of things in our lives we may want to change. At the top of those lists typically are financially related items.

🎥 Watch a video of podcast recap here

So today, we’re going to share our list of items we’ve seen that can have lasting impact on your financial journey. We're going to share an actionable plan with 12 tips to double-check your financial vitals that could make a major difference for you and your family in the years to come. 

*****

📬 Tips each month to help you reach your Ideal Retirement. Subscribe to the Financial Symmetry newsletter and receive a free Mega-backdoor Roth guide.

📰 See the full show notes here

🎯 Subscribe to not miss future episodes here

Dec 26, 2022

As we come to the end of 2022, we reflect on some of our favorite reads and podcasts that we have highlighted in our monthly newsletter. If you’d like to check out what we’ve been reading or listening to on a more regular basis, sign up for our monthly newsletter to get the information delivered straight to your inbox.

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📬 Actionable tips each month to help you reach your Ideal Retirement. Subscribe here are get a free copy of a Pre-Retirement Checklist ebook!

🎥 WATCH video recaps of the show here

📰 DOWNLOAD our Investing Principles Guide

🎯 Subscribe to not miss future episodes here

*******

Resources & People Mentioned

Dec 12, 2022

How often do you go back and question your retirement and investment decisions?

🎥 WATCH a video recap of the show here

When thinking through your personal financial decisions, it is common to be swayed by emotions rather than rational thoughts. However, your emotions could derail your wealth-building journey. 

Today, we explore five of the most common behavioral financial biases and ways to combat them. If you are ready to get serious about making better financial decisions to build wealth, you won’t want to miss this episode. 

*******

📬 Actionable tips each month to help you reach your Ideal Retirement. Subscribe here are get a free copy of a Pre-Retirement Checklist ebook!

📰 DOWNLOAD our Investing Principles Guide

🎯 Subscribe to not miss future episodes here

Nov 28, 2022

📬 Tips each month to help you reach your Ideal Retirement. Subscribe to the Financial Symmetry newsletter and receive a free Mega-backdoor Roth guide.

What if one of these ten tax tools could be the tax opportunity that you’ve been missing?

If you are looking to increase your wealth over your lifetime, you’ll want to ensure that you have the best tax planning strategies in place for long-term success. 

Paying more taxes now to lower your lifetime tax rate may seem unconventional, but if you are serious about building wealth, this episode could include steps to help you get there. 

From donor-advised funds, QCDs to Roth conversions and more. See if any of these 10 could benefit you.

*****

📰 See the full show notes here

🎥 See latest video of podcast recap here

🎯 Subscribe to not miss future episodes here

 

Nov 14, 2022

📬 Tips each month to help you reach Your Ideal Retirement. Subscribe to the Financial Symmetry newsletter & receive a free guide with 5 questions to ask your financial advisor!

So many conversations today are tied to the news. Hard to not find someone talking about the troubled economy, inflation, and the tumbling stock market.

How should you change your investments in light of all these issues? You may be wondering if you are invested too aggressively, or you might even be considering pulling out of the market and waiting out the storm. 

Before you rush in to change your investment tactics, listen to this episode to compare our 10 investing principles to your investing blueprint. 

*******

🎥 WATCH video recap of the show here

📰 DOWNLOAD the General Investing Principles Guide

🎯 Subscribe to not miss future episodes here

 

Oct 31, 2022

None of us know how long we will live, so it is important to prepare for the inevitable. Unfortunately, all that we have earned in this life won’t transfer into the next, so it is important that we have our wishes laid out appropriately.

🎥Watch the video here

An estate plan is a critical component of the retirement planning journey.

Estate attorney, Adam Tarsitano joins the Financial Symmetry podcast again today to discuss spooky estate planning tales from the crypt that he has seen in his experience.

*******

📬 Tips each month to help you reach your Ideal Retirement. Subscribe to the Financial Symmetry newsletter!

📰 DOWNLOAD the ESTATE PLANNING CHECKLIST

🎥 See other videos of podcast recaps here

🎯 Subscribe to not miss future episodes here

Oct 17, 2022

Have scary markets made you second guess your retirement plan?

For those of you who are near, or already in retirement, you may feel like this year is a part of some retirement horror story.

🎥Watch the video here: https://youtu.be/bPmWBKTM-yg

Which reminded us of a common retirement tale from one of Halloween’s favorite fictitious characters, Michael Myers.

After 40+ years of scaring audiences, the Halloween movie franchise is coming to an end. Now that Michael has reached 65, we thought it fitting to envision that everyone’s favorite murderer is finally done chasing victims and is ready to settle down into retirement.

Has he prepared well enough or did he chase returns the way he chased his victims? Listen in to hear the retirement horror story of Micheal Myers.

*******

📬 Tips each month to help you reach your Ideal Retirement. Subscribe to the Financial Symmetry newsletter!

📰 DOWNLOAD the free EBOOK Your Game Plan for Market Volatility ebook

🎥 See other videos of podcast recaps here

🎯 Subscribe to not miss future episodes here

 

Oct 3, 2022

Have you ever been offered a non-qualified deferred compensation plan as part of your benefits package?

In this episode, you’ll learn who non-qualified deferred compensation plans were created for, what they are, the pros and cons, and their potential for helping you reduce your lifetime tax bill. 

Find out if this additional savings tool could be a difference maker for your retirement withdrawal strategy. 

*****

📬 Tips each month to help you reach your Ideal Retirement. Subscribe to the Financial Symmetry newsletter!

📰 DOWNLOAD the free EBOOK Your Game Plan for Market Volatility ebook

🎥 See latest video of podcast recap here

🎯 Subscribe to not miss future episodes here

Sep 19, 2022

We all have visions of our ideal retirement, and none of them include a terminal illness. However, sometimes life has other plans.

Today, we discuss the top concerns that are often overlooked for those facing a terminal diagnosis. 

This is a difficult, yet important, subject to address. Investment strategies, tax strategies, and estate planning may not be at the forefront of your mind during this challenging time period, however, doing the legwork now will set your loved ones up for success after your passing.

You won’t want to miss this episode if you or a loved one has recently experienced a terminal diagnosis. 

*****

📬 Tips each month to help you reach your Ideal Retirement. Subscribe to the Financial Symmetry newsletter!

📰 See the full show notes here [including a Terminal Illness Checklist]

🎥 See latest video of podcast recap here

🎯 Subscribe to not miss future episodes here

 

Sep 5, 2022

Retirement rules of thumb can give you a false sense of security. 

▶️ Watch a short recap on Youtube

Today you’ll learn why you should second guess these 4 commonly referenced retirement rules.

In this episode, we'll discuss:

  • what these rules are
  • where they came from
  • why they aren’t the best prescriptions for success in retirement
  • what you should do instead of relying on these common retirement norms

Our expanded pre-retirement checklist is packed with common questions asked by our clients. Our new guide answers the 4 questions you should ask about Social Security, includes common tax planning tools used by retirees, and examines how your investing may change in retirement.

Download this newly revised and expanded checklist to help you best prepare for your retirement. 

****

📗 Download the expanded Retire On Purpose Guide

🎯 Subscribe to not miss future episodes here

📬 Tips each month to help you reach your Ideal Retirement. Subscribe to the Financial Symmetry newsletter!

 

Aug 22, 2022

What if you could take action now so that you have significantly more tax-free savings to utilize in retirement?

▶️ Watch a Short video recap

On this episode of Financial Symmetry, we’ll take a look at an often misunderstood tax planning opportunity. 

The Roth conversion is a tool that can benefit you throughout different stages of your retirement saving journey. Today you’ll learn how to take advantage of Roth conversions during various periods of life. Listen in to learn the opportunities and pitfalls of Roth conversions. 

*****

📗 Download the expanded Retire On Purpose Guide

🎯 Subscribe to not miss future episodes here

📬 Tips each month to help you reach your Ideal Retirement. Subscribe to the Financial Symmetry newsletter!

Aug 8, 2022

Have you ever wondered how your retirement preparations compare with others?

Short video recap: https://youtu.be/mNYvWKgO3MM

This is a common question that we hear as financial advisors. On this episode, we’ll take a look at data from a recent study about the 4 types of retirement journeys that people take. You’ll also hear about the risks and opportunities that stem from these 4 retirement paths. 

People’s circumstances, attitudes, and ambitions can greatly affect their retirement experience. So, if you are on the cusp of retirement you may be wondering what type of retirement you will have. You can think of retirement as a Choose Your Own Adventure book. Each path has its own opportunities and lessons to learn. Which retirement adventure will you choose?

Outline of This Episode

  • [2:01] Retirement is like a Choose Your Own Adventure book
  • [3:13] The regretful strugglers
  • [7:34] Challenged yet hopeful
  • [11:34] Relaxed traditionalists
  • [16:19] The purposeful pathfinders
  • [21:41] Choose your own progress principle

Resources & People Mentioned

Connect With Chad and Allison

Subscribe To This Podcast

Apple Podcasts <> Stitcher <> Google Play

Jul 25, 2022

Which retirement stage are you in? Spoiler alert: the stages begin before you are retired. You'll also be surprised by some of the stats we uncover as we dissect findings in the latest Age Wave study on retirement. 

Video Recap: https://youtu.be/8YeA6nSCenY

We've had the pleasure of working with hundreds of families as they have planned and transitioned into retirement. Let’s dive in to this episode to explore how you can maximize these 4 phases of retirement through financial planning.

Outline of This Episode

  • [1:44] The anticipation stage
  • [7:20] Liberation/disorientation stage
  • [13:45] The reinvention stage
  • [17:44] The reflection and resolution stage
  • [25:08] Today’s progress principle

Resources & People Mentioned

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Jul 11, 2022

How do you deal with a major financial transitions?

Video recap: https://youtu.be/2tWrduVAS14

When this happens there can be many choices that you need to make. Without the right decision-making framework, navigating these choices can lead to analysis paralysis. 

Allison Berger joins me today to share some of what she has learned while studying for the CFT designation (Certified Financial Transitionist). The coursework for this professional title combines financial planning with cutting-edge research in neurology, sociology, and psychology. With her newfound knowledge, Allison will help us learn how to navigate the technical and personal side of major life decisions.

Listen in to learn how to build a framework that can help you navigate major financial decisions. 

Outline of This Episode

  • [0:44] What is the CFT designation?
  • [2:32] The two sides of money
  • [8:23] The 4 stages of money
  • [17:50] Questions to ask during transitions
  • [19:29] The progress principle

Resources & People Mentioned

Connect With Chad and Mike

Subscribe To This Podcast

Apple Podcasts <> Stitcher <> Google Play

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