Category: Financial Advisor
The Retirement Equation: Mastering Asset Allocation for a Secure Future (Ep 32)

The Retirement Equation: Mastering Asset Allocation for a Secure Future (Ep 32)

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Welcome to Life Isn’t Lived on a Spreadsheet. This podcast dives into the personal side of financial planning—because your life isn’t just numbers and charts. Today, Alec Quaid, Certified Financial Planner and Wealth Manager at Poterack Capital Advisory, takes us through variable two of the retirement equation: asset allocation.

In this episode, Alec explores:

  • Why simplifying retirement income planning is key to clarity and confidence.
  • How small changes in assumptions can significantly impact your retirement outcomes.
  • The importance of balancing risk and return in your portfolio.
  • Why your money must outpace inflation and support sustainable withdrawals.
  • Real estate’s role in retirement, from appreciation to rental income.

Learn how a conservative, straightforward approach to financial planning can help you feel prepared for the long term while staying flexible in the short term.

Tune in to discover why proactive, personalized retirement planning is the best way to achieve peace of mind and long-term success. Hit follow to stay updated on future episodes!

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Unlocking Retirement: Tax Strategies That Make a Difference (Ep 30)

Unlocking Retirement: Tax Strategies That Make a Difference (Ep 30)

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Welcome to Life Isn’t Lived on a Spreadsheet! In this episode, Ryan Poterack, Wealth Manager and CEO of Poterack Capital Advisory, along with co-host Charrise McCrorey dive deep into the often-overlooked world of tax strategies that can significantly impact your retirement planning. It’s time to shift your perspective on how to use your money effectively during your golden years.

Join us as we explore how your personal story and unique financial landscape can influence your tax strategy. Whether you’re a business executive, a soon-to-be retiree, or simply someone looking for financial solutions, this episode will provide you with valuable insights and practical advice to help you navigate the complexities of tax planning.

In This Episode, We’ll Cover:

  • The difference between tax preparation and proactive tax planning.
  • Key strategies for high-income earners versus retirees.
  • The benefits of charitable giving in a tax-efficient manner, including:
    • Donor Advised Funds (DAFs) and how to maximize their use.
    • Qualified Charitable Distributions (QCDs) and their tax advantages.
  • Understanding tax loss harvesting and how it can mitigate capital gains tax.
  • Practical examples to illustrate complex tax strategies.

Why You Should Listen: This episode offers actionable insights to help you reduce tax liabilities, optimize your retirement income, and ensure your financial decisions align with your life goals. By the end, you’ll have a clearer understanding of how to make your money work for you and create a lasting impact through your charitable contributions.

We’d love to hear from you! Have questions or thoughts about today’s topic? Reach out to us via email at info@poterackcapitaladvisory.com or connect with us on social media.

Tune in to Life Isn’t Lived on a Spreadsheet and discover how to transform your retirement planning from anxiety to empowerment!

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Navigating Financial Strategies and Emotions (Ep.29)

Navigating Financial Strategies and Emotions (Ep.29)

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Welcome to Life Isn’t Lived on a Spreadsheet, where we delve into the stories that shape our financial futures! In this episode, Ryan Poterack and his partner Alec Quaid tackle the often-overlooked emotional aspects of retirement planning, especially as we approach an election year that can stir anxiety among investors.

Join us as we explore how your personal experiences and values play a crucial role in shaping your financial decisions, and why understanding this is essential for achieving your ideal retirement.

In this episode, we’ll cover:

  • The psychological impact of upcoming elections on investment strategies.
  • Why personal stories matter more than spreadsheets in financial planning.
  • The interplay between financial media and market reactions during election cycles.
  • Historical examples of market behavior during turbulent political times.
  • Practical strategies to manage financial fears and expectations.

This episode offers valuable insights that go beyond numbers, aiming to inspire and motivate you to approach retirement with confidence and clarity.

Don’t miss this opportunity to discover how to take control of your financial future in a world filled with uncertainty. Tune in now to find out how you can thrive during your golden years!

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Exploring Medicare Part A, B, C, D: A Beginner’s Guide With Amy Green (Ep.28)

Exploring Medicare Part A, B, C, D: A Beginner’s Guide With Amy Green (Ep.28)

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Retiring before age 65 and unsure about your health insurance choices? This episode is here to clarify your options. 

Let’s discover how to secure optimal health insurance before hitting Medicare age 65 and gain clarity on the Affordable Care Act, COBRA, and more with expert insights.

Alec Quaid joins health insurance expert Amy Green of Move Health Partners. They dive deep into pre-Medicare health insurance options, including the Affordable Care Act, COBRA, and faith-based sharing programs. 

Key conversations in this episode include:

  • Understanding COBRA: What it is and why it might be cost-prohibitive
  • Affordable Care Act: How most Americans can benefit from tax subsidies to lower insurance premiums
  • Faith-Based Sharing Programs: An alternative for those planning a higher income in retirement
  • Medicare Primer: Key considerations for signing up for Medicare, including the implications of different parts (A, B, C, D)
  • And so much more!

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

Connect with Amy Green CMIR®:

About our Guest: 

Amy Green has been a licensed health insurance agent and Medicare advisor since 2014. She fell into health insurance & Medicare by accident after a successful career in auto manufacturing. Amy quickly fell in love with helping clients to solve complex insurance situations with unique solutions. She enjoys helping clients understand what their health insurance options are and empowering them to make healthcare decisions with confidence.

When Amy is not making health coverage simple and clear, she spends time with her husband and 3 kiddos. Her favorite hobby is running their family farm. So if she tells you she is chasing a critter, she’s not pulling your leg! They currently raise pigs, chickens, ducks, rabbits and cows with a handful of barn cats and farm dogs too!

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Building a Trusting Relationship with Your Financial Advisor (Ep.27)

Building a Trusting Relationship with Your Financial Advisor (Ep.27)

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Let’s discover how frequent, personalized communication can make a significant impact on your retirement planning.

In this episode, Ryan Poterack sheds light on the unparalleled importance of building a personalized relationship between advisors and clients. By focusing on both the financial and personal aspects, PCA helps soon-to-be retirees overcome pre-retirement anxiety with insightful tax planning and asset allocation strategies. 

Key episode discussion points include:

  • Building a candid relationship through frequent, personalized communication is key to successful financial planning
  • Recognizing and addressing individual client stories, fears, and biases can lead to better financial outcomes
  • The importance of tailored tax planning based on each client’s unique financial situation.
  • Frequent, personalized communication helps in understanding the client’s real needs and objectives, reducing the risk of misalignment

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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Raising Kids to Make Smart Money Choices (Ep.26)

Raising Kids to Make Smart Money Choices (Ep.26)

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How early should you start talking to your kids about money? Here’s how you can raise financially savvy children from toddlerhood through their teenage years.

Join Alec Quaid as he explores the right age and methods to start teaching your kids about money. From handling allowances and chores to discussing the value of investments, Alec shares real-life examples and actionable insights that every parent can use.

Episode discussion points include:

  • How to initiate money conversations with your kids as young as the toddler stage
  • How Different chore allowances and savings goals can teach kids the value of money and delayed gratification
  • Being open about finances: Encouraging a family culture of transparency regarding financial responsibilities and practices
  • Leveraging real-life examples like opening a bank account or introducing a child to investing to make financial education engaging

Resources:

Connect with Ryan Poterack: 

Connect with Alec Quaid

Connect with Poterack Capital Advisory: 

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Navigating Pre-Retirement Anxiety & Finding The Right Financial Advisor (Ep.25)

Navigating Pre-Retirement Anxiety & Finding The Right Financial Advisor (Ep.25)

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Traditional number-crunching fails to address the anxiety and personal aspects of retirement. That’s why we’re emphasizing the importance of emotional intelligence in financial planning. 

Ryan Poterack makes a compelling case for emotional intelligence as a crucial element in effective retirement planning. This episode also covers PCA’s unique client intake process, the importance of matching clients with advisors who resonate with their personal story, and why EQ can ease the anxiety of retirement. 

Episode discussion points include:

  • How emotional intelligence plays a key role in effective financial planning
  • PCA’s client intake process focusing on ensuring a perfect match between client and advisor
  • Personalized financial planning significantly reducing pre-retirement anxiety
  • The value of empathy and understanding in building a long-term financial advisory relationship
  • And more

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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Market Timing vs. Time in the Market & Other Market Volatility Concepts (Ep.24)

Market Timing vs. Time in the Market & Other Market Volatility Concepts (Ep.24)

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Timing the market is often a perilous venture that can derail your long-term financial goals. Let’s discuss why maintaining your investment strategy during uncertain times is crucial for achieving financial stability.

Join us as we explore the dangers of market timing. Learn from Ryan Poterack’s extensive experience and gain valuable insights on why staying the course often yields better results than trying to predict short-term market movements. 

Ryan dives deep into the emotional and psychological aspects of investing, helping you understand the true value of a long-term investment strategy.

Episode discussion points include:

  • The unpredictability of market timing and its potential pitfalls
  • The importance of “time in the market” for long-term investment success
  • Real-world examples demonstrating the perils of reactive investing
  • Insights into emotional and psychological factors influencing investment decisions
  • And more

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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Financial Planning with AI & Maintaining Human Empathy in a Digital Age (Ep.23)

Financial Planning with AI & Maintaining Human Empathy in a Digital Age (Ep.23)

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While AI is transforming many industries, when it comes to financial planning, nothing can replace the human touch.

Alec Quaid discusses the growing role of AI in financial advisory services. He delves into the current applications of AI, like tax and estate planning efficiencies, and why human empathy remains crucial. 

Learn how PCA blends technology with personal touch to provide comprehensive financial solutions.

Episode discussion points include:

  • How AI tools are speeding up tax and estate planning processes
  • Why the human element is irreplaceable in managing client emotions and behaviors
  • The potential future roles of AI in financial research and advisory
  • The unique PCA strategy of combining cutting-edge technology with personal client relationships
  • And more

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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Maximizing Your Social Security: Timing, Taxes, and Techniques (Ep.22)

Maximizing Your Social Security: Timing, Taxes, and Techniques (Ep.22)

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Understanding Social Security intricacies can significantly amplify your retirement benefits, ensuring you navigate these golden years with greater ease and security.

Alec Quaid joins us to unravel the complexities of Social Security – how it’s calculated, impacted by marital status, and what potential future changes could mean for retirees. We delve into why so many find this topic bewildering and provide clear, actionable insights to demystify Social Security benefits.

Discussion points include: 

  • How understanding the calculation of Social Security benefits can significantly impact your retirement comfort
  • Why marital status plays a crucial role in determining your Social Security benefits.
  • How future changes to Social Security could affect your retirement planning
  • Using the tool ssa.gov for a personalized overview of your projected Social Security benefits
  • And more

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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