Tag: Financial Plan
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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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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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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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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Asking the Tough Questions & the Role of Critical Thinking in Financial Planning (Ep.21)

Asking the Tough Questions & the Role of Critical Thinking in Financial Planning (Ep.21)

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Discover how embracing life’s twists, turns, and triumphs can redefine your approach to financial planning and personal growth. 

Learn from Ryan Poterack’s journey—spanning three decades in the industry and personal challenges—that led to profound professional and personal development. This episode is a beacon for anyone looking to blend financial success with personal fulfillment.

Discussion points include:

  • The power of asking “dumb questions” for intellectual growth
  • How community involvement and mentorship can transform your personal and professional life
  • The value of adapting to changes within the financial industry and how it impacts personal financial planning
  • Adapting to industry changes and maintaining a forward-thinking mindset underpin long-term success in both life and financial planning
  • And more

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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“Getting Rich Slow”: Your Guide To Compound Interest With Alec Quaid (Ep.16)

“Getting Rich Slow”: Your Guide To Compound Interest With Alec Quaid (Ep.16)

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The saying “time is money” is very applicable to the concept of compound interest.

What is it and how does this interest accumulate? 

Ryan Poterack and Alec Quaid discuss the power of compound interest and the necessity of patience for effective wealth accumulation–also known as “how to get rich slow.”

They go over strategies for managing emotional responses to market volatility and underscore the importance of clear communication with clients. The episode also covers the challenges faced during the pandemic and the value of instilling financial discipline in children. 

Ryan & Alec discuss: 

  • How compound interest works
  • Navigating market fluctuations when compounding your money
  • The value of time and patience throughout this process
  • The benefits of behavioral coaching from a financial advisor
  • And more

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

Connect with Alec Quaid, CFP®

About our Guest: 

Alec is a Certified Financial Planner™ Professional who is dedicated to serving people through the platform of financial planning. He takes great pride in helping people accomplish their goals and enjoys helping his clients gain confidence in their financial futures. He is very passionate about educating consumers on the key things to look for in an advisor and also the things that should be cause for concern. Alec has been featured in multiple national publications such as the Wall Street Journal, Forbes, InvestmentNews, and MarketWatch. He serves with multiple organizations including at his local church, Board Member with the Colorado Financial Planning Association, Committee Chair at the Aurora Chamber of Commerce, and as a member and speaker with the nonprofit RoadMap for Aging.

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Using Roth IRAs to Create a Tax-Efficient Retirement (Ep. 9)

Using Roth IRAs to Create a Tax-Efficient Retirement (Ep. 9)

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We’ve talked about the good, the bad, and the limitations of traditional 401(k)s. Now, we’re tackling the process of turning that traditional IRA into a Roth IRA. 

What does it take to do a Roth conversion, and is it right for you? 

In this episode, Ryan Poterack discusses the benefits and process of converting a traditional IRA into a Roth IRA. He explains the tax implications of both types of IRAs and the value of considering current and future income tax brackets when deciding to convert. 

Tune in as Ryan emphasizes the importance of critical thinking in financial planning, using specific examples to illustrate his points. 

Main talking points include: 

  • What are Roth IRA conversions and how to maximize its usage  
  • The tax implications of having an IRA conversion
  • The role Roth IRAs have in your unique retirement plan
  • The value of critical thinking skills when creating your financial plans
  • And more!

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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How To Find The Right Financial Professional? Here’s What You Need To Know (Ep. 4)

How To Find The Right Financial Professional? Here’s What You Need To Know (Ep. 4)

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When it comes to managing our finances, seeking support from a professional advisor can save us from many costly mistakes.

In this episode, Ryan Poterack uncovers the importance of finding the right financial professional and the concept of comprehensive planning. Ryan stresses the value of gathering quantitative and qualitative information from clients while providing them with a holistic view of their financial situation and personal aspirations. 

Listen in as Ryan addresses the challenges faced by ‘do-it-yourselfers’ and the benefits of establishing a fee-for-advice relationship with a financial professional.

Ryan discusses: 

  • Reasons he gathers quantitative and qualitative client data
  • What  ‘fiduciary’ means at Poterack Capital Advisory
  • The value of asking your advisor about their professional network (ranging from attorneys, CPAs, tax professionals, and beyond!)
  • Some of the roadblocks ‘do-it-yourselfers’ face when doing their own financial planning
  • And more!

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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