Month: October 2024
How Organizing Your Investments Could Save You Thousands (Ep. 24)

How Organizing Your Investments Could Save You Thousands (Ep. 24)

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Could small tweaks in your investment strategy be the key to thousands in extra returns? 

Discover how cutting hidden fees, focusing on high-growth dividend stocks, and avoiding conflicts of interest could transform your portfolio—just like it did for one client who saved $9,800 a year.

In this final episode of a 24-part series, your hosts Jerry Goodman and Megan Hubbard reveal how reducing advisory fees and avoiding hidden mutual fund costs can boost your portfolio by 2% annually—adding up to significant long-term savings.

The Dividend Growth Strategy, which focuses on top-tier companies with rising dividends, offers higher returns with less risk. You’ll also learn how to capitalize on market downturns to find bargain investment opportunities, while sidestepping the risks of “pay-to-play” practices in financial services.

This episode offers the key insights you need to take control, organize your affairs, and start building lasting wealth today to prepare for tomorrow.

Key Highlights:

  • Investment Performance Improvement: Improve your financial outcomes by 2% annually through smarter investment choices and reduced fees
  • Lowering Hidden Costs: Cutting advisory fees by just 0.25% can lead to significant long-term savings, while avoiding hidden mutual fund costs boosts returns
  • Dividend Growth Strategy: Focusing on companies with a track record of increasing dividends offers lower volatility and better returns compared to mutual funds or ETFs
  • Avoiding Pay-to-Play Conflicts: Discover how to avoid conflicts of interest where financial advisors might prioritize their profits over your portfolio
  • Client Success Story: Bruce’s portfolio restructuring saved him $9,800 a year while improving his overall returns
  • Market Downturn Opportunities: Learn how to invest in high-quality stocks during market downturns for long-term gains
  • Organized Financial Management: The importance of organizing your investments with a comprehensive approach that includes tax and estate planning
  • And much more!

 

Actionable Takeaways:

  • Lower your advisory fees and avoid mutual fund fees to maximize your savings
  • Implement the Dividend Growth Strategy for consistent, long-term returns with lower risk
  • Be cautious of pay-to-play practices that could skew your financial advisor’s objectivity
  • Rebalance your portfolio during market dips to take advantage of undervalued stocks

Connect with Jerry Goodman and Megan Hubbard: 

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The Critical Role of Estate Planning and Retirement Readiness (Ep. 23)

The Critical Role of Estate Planning and Retirement Readiness (Ep. 23)

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Have you prepared for a comfortable retirement? Is your estate in order?

To retire in comfort, your plan depends on more than just saving—discover the critical steps to protect your wealth and loved ones.

In this episode, your hosts Jerry Goodman and Megan Hubbard from Tennessee Wealth Management are sharing key strategies to safeguard your financial future. Discover how the Envision planning tool can assess your retirement readiness for free and learn why essential legal documents like wills and power of attorney are crucial.

Using real-life stories, they highlight the importance of early planning, debunk myths about revocable living trusts, and explain why probate in Tennessee may not be as daunting as you think. Plus, find out how the “step-up in basis” tax rule can save your heirs from large capital gains taxes.

Key Highlights:

  • Retirement Planning Tools: The Envision planning tool helps clients assess their retirement readiness, with Sally’s story showcasing its value
  • Estate Planning Pitfalls: Learn from Jack’s story about the dangers of not having essential legal documents, such as a will or power of attorney
  • Trusts vs. Wills: Misconceptions about revocable living trusts are cleared up, and the reality of probate in Tennessee is explained
  • Step-Up in Basis: This powerful tax provision can save heirs from massive capital gains taxes, as shown in a case involving Truist Bank stock
  • Organizational Tools: The Housekeeping Profile and a Five-Step Process ensure all your affairs are in order, providing direction and clarity
  • Final PodCLASSes: This episode is part of a two-episode wrap-up that summarizes key takeaways from over 12 hours of content on financial stability
  • And much more!

Don’t leave your financial future to chance—listen now to learn how to protect your assets and provide clarity for yourself and your loved ones.

 

Resources:

Connect with Jerry Goodman and Megan Hubbard: 

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