Tag: Financial Planning
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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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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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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When to Hire a Wealth Manager & Other Insights for Young Investors (Ep.20)

When to Hire a Wealth Manager & Other Insights for Young Investors (Ep.20)

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Are you navigating financial planning as a young professional or gearing up for retirement? 

Alec Quaid sheds light on the common misconceptions about wealth management among young investors. Learn why starting early can be your biggest financial leverage, how to manage student debt without pausing your life, and why the decisions you make today matter more than you think. 

Plus, uncover investment strategies that go beyond the spreadsheet, ensuring your financial plans mature as beautifully as you do. 

Discussion points include:

  • Deciding when to engage a wealth manager  
  • Effective management of student debt and its relationship with financial stability and future growth
  • How understanding the power of time can transform your approach to retirement savings
  • Constructing a personalized strategy that aligns with your values, objectives, and life situation 
  • 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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How To Find The Right Financial Advisor With Alec Quaid (Ep.15)

How To Find The Right Financial Advisor With Alec Quaid (Ep.15)

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It’s time to interview your new financial advisor. 

What questions do you ask, and how do you know they’re the right fit for you?

Ryan Poterack and Alec Quaid discuss the critical role of personal values in financial planning, emphasizing a holistic approach to retirement that includes lifestyle goals alongside financial strategies. 

They highlight the importance of vetting wealth managers, understanding their compensation structure, and ensuring they act as fiduciaries. The conversation also covers the benefits of boutique firms, the necessity of data security, and staying updated with industry advancements. 

Discussion points include: 

  • The questions you should ask your potential financial advisor
  • The difference between fee-based vs. commission-based advisor
  • Red flags in financial advisors
  • Understanding fiduciary standard and how this approach puts YOU first
  • 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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What Wealth Management Is Vs. What People Think It Is With Alec Quaid (Ep.14)

What Wealth Management Is Vs. What People Think It Is With Alec Quaid (Ep.14)

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You’ve got your finance guy or gal who manages your investments, but is that truly all they do?

It’s time for Ryan Poterack and Alec Quaid from Poterack Capital Advisory to discuss holistic wealth management, stressing the need to understand your unique values and life goals.

The conversation covers the importance of comprehensive financial planning over limited product offerings, client education, and the significance of open communication to debunk industry myths.

These two professionals share rewarding experiences of assisting clients through major life events and the value of trust in client relationships.

Discussion points include:

  • The difference between comprehensive & limited financial advice
  • Breaking down some industry stereotypes, frustrations, and misconceptions
  • The rewarding moments of being a financial professional
  • 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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