Tag: Wealth Manager
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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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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Unveiling the Hidden Costs in Your Investments (Ep.19)

Unveiling the Hidden Costs in Your Investments (Ep.19)

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Let’s talk about the fees involved with investing your money, even those pesky hidden ones.

Ryan Poterack is discussing the importance of understanding fees in investments and how they impact returns. Ryan emphasizes the significance of value over cost, highlighting that fees should be equated to the value and services provided. 

The discussion explores the various types of fees, including visible ones like advisory fees and expense ratios, and hidden costs like trading fees and turnover expenses.

Episode discussion points include:

  • The various fees in financial management & related fees to the value provided by advisors
  • Behavioral coaching helping people make informed, rational decisions amid market uncertainties and emotional triggers
  • The benefits of seeking professional help & the value of time, desire, and knowledge that a wealth manager can provide to enhance investment strategies
  • Why fees are not necessarily small and how they can impact investment returns significantly
  • And more

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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Maximizing The Value of Your Inheritance & Ensuring Family Harmony (Ep.18)

Maximizing The Value of Your Inheritance & Ensuring Family Harmony (Ep.18)

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Transferring or inheriting wealth is not as simple as something like “Venmo”. It should require a strategic wealth transfer plan.

Let’s learn how to make one.

Ryan Poterack is exploring the intricate world of inheritance and legacy planning with Certified Financial Planner, Alec Quaid. The discussion skillfully navigates the emotionally charged landscape of receiving an unexpected windfall, including the murky waters of taxation, asset allocation, and the crucial role of proper estate planning. 

Through real-life scenarios and expert insights, this episode sheds light on the delicate balance of grief, finances, and family dynamics that come into play when managing an inheritance. 

Key discussion points include:

  • The emotional impact of inheriting money including unexpected windfalls and the psychological differences in handling inherited wealth
  • Various tax implications of inheriting and transferring wealth
  • Facilitating open communication in families regarding estate planning and discussing inheritances
  • The value of seeking advice from a qualified wealth manager during this time
  • And more

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

Meet the team at Poterack Capital Advisory

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Let’s Talk About Tax Planning & How It Can Enhance Your Retirement Savings (Ep. 5)

Let’s Talk About Tax Planning & How It Can Enhance Your Retirement Savings (Ep. 5)

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What’s the difference between tax preparation and tax planning?

Believe it or not, knowing the difference can help you navigate (the often dreaded) tax season!

In this episode, Ryan Poterack reveals why tax planning is a year-round process. He talks about the contrast between tax preparation and tax planning while emphasizing the value of taking proactive steps for your future tax years.

Ryan discusses: 

  • Reasons you should pay your taxes as soon as you get them
  • The options available when you need help with your taxes
  • The advantages of paying taxes through strategies like donor-advised funds and Roth conversions
  • His unique approach to tax refunds and checks
  • The importance of working with a wealth manager who focuses on tax planning and mitigation 
  • And more!

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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