Financial and retirement planning guidance from Certified Financial Planner John Teixeira and Nick McDevitt of PFG Private Wealth Management in the Tampa Bay, FL area. On this show, you'll learn about how the financial and retirement world has evolved over the past several decades, how to properly plan for your own future, and some of the important pitfalls to avoid. PFG Private Wealth Management, LLC is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investment involve risk and, unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Episodes
Thursday Feb 04, 2021
Ep 28: Understanding Annuities - Variable and Fixed
Thursday Feb 04, 2021
Thursday Feb 04, 2021
This is part 2 of our annuity mini-series. We focus on two types of annuities on this episode which are the variable and fixed deferred. John and Nick explain what are significant about each of these and how they may fit into a retirement plan.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
Disclaimer:
PFG Private Wealth Management, LLC is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investment involve risk and, unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Transcript of Today's Show:
For a full transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
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Thursday Oct 29, 2020
Ep 27: Understanding Annuities - The Basics
Thursday Oct 29, 2020
Thursday Oct 29, 2020
There are a lot of strong opinions on annuities. Some people heavily advocate for them, while others claim they are a bad investment. Today John and Nick will break down the basics for us by discussing what an annuity is and some important terms to know.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
Disclaimer:
PFG Private Wealth Management, LLC is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investment involve risk and, unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Transcript of Today's Show:
For a full transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
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Wednesday Sep 16, 2020
Ep 26: How To Process A Rollover
Wednesday Sep 16, 2020
Wednesday Sep 16, 2020
Last episode we talked about the different items to take into account if you are thinking about doing a rollover. John and Nick will discuss how to actually process a rollover and some common mistakes to avoid.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
For a transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
Transcript of Today's Show:
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Friday Aug 21, 2020
Ep 25: Is A Rollover Right For You?
Friday Aug 21, 2020
Friday Aug 21, 2020
Company retirement plans can be expensive and many people are considering to rollover their account. But what considerations should be thought about before you take any action? Today John and Nick discuss the fee structures, investment options, and a few more factors when deciding if a rollover is right for you.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
For a transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
Transcript of Today's Show:
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Thursday Jul 09, 2020
Ep 24: Importance Of Risk Management & Asset Protection
Thursday Jul 09, 2020
Thursday Jul 09, 2020
When it comes to retirement planning, many people focus on filling in an income gap, or making sure they will have enough money to get them through retirement. While this is fundamental to the plan, it's important to make sure your assets are protected. John and Nick will explain what investment vehicles have some sort of protection and will also give a hypothetical example.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
For a transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
Transcript of Today's Show:
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Tuesday Jul 07, 2020
Ep 23 : Should You Be Thinking About Refinancing?
Tuesday Jul 07, 2020
Tuesday Jul 07, 2020
With rates being at historic lows, a lot of clients have been asking questions about refinancing. So this week we answer the biggest questions people have.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
For a transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
Transcript of Today's Show:
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Thursday Jun 04, 2020
Ep 22: Case Study- Implementing Roth Conversions
Thursday Jun 04, 2020
Thursday Jun 04, 2020
We spent last podcast talking about what exactly a Roth conversion is. Today we will examine a financial plan and see how implementing Roth conversions can potentially improve this situation.
Case Study Before Implementing Strategy:
Dual income Household: Ages 55 & 53
- Existing Accounts:
- $500k Pre-Tax 401k Funds
- $25k Roth IRA Funds
- $50k Cash
- Mortgage on the home – paying extra on mortgage ($250/m) (5% rate on 30 year loan, 10 years in)
- Income:
- Person 1: $110k
- Person 2: $60k
- Current Savings strategy:
- Total Joint Savings 18% of income ($30.6k/yr.) – all into pre-tax
- Each person has 3% company match for pre-tax ($5.1k/yr.)
- Total being saved: $35,700
- EE Contributions: $30,600
- ER Contributions: $5,100
New Strategy:
-
- Refinance Mortgage to a 15 year loan with significant reduction interest rate lowers total monthly payment, allows for $250/m extra payment recapture & additional $150/m savings
- New Total being saved: $40,500
- 401k EE Contributions: $21,400
- Pre-Tax: $15,900
- Roth: $5,500
- 401k ER Contributions: $5,100
- Roth IRA Contributions: $14,000
- 401k EE Contributions: $21,400
- Person 1 strategy: EE Total: $23,600, ER Total $3,300
- EE Pre-Tax 401k Contribution: $11,100 (10%)
- EE Roth Contribution: $5,500 (5%)
- ER Pre-Tax 401k Contribution: $3,300 (3%)
- Max Roth IRA: $7,000
- Person 2 strategy: EE Total: $11,800, ER Total $1,800
- EE Pre-Tax 401k Contribution (No Roth Available): $4,800 (8%)
- ER Pre-Tax 401k Contribution: $1,800 (3%)
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
For a transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
Transcript of Today's Show:
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Monday Jun 01, 2020
Ep 21 : Roth Conversions
Monday Jun 01, 2020
Monday Jun 01, 2020
With our tax brackets being at historically low rates, many people are looking at implementing Roth conversions in their plan. John and Nick will explain what exactly this concept is and how this may be able to save you some dollars on taxes in the future.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
For a transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
Transcript of Today's Show:
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Thursday May 07, 2020
Ep 20: Peeling Back The Curtain
Thursday May 07, 2020
Thursday May 07, 2020
On this week's episode, we check in with John and Nick on how things are going personally with their families, communities and clients.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
For a transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
Transcript of Today's Show:
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Thursday Apr 23, 2020
Ep 19: Market Downturns And Recoveries
Thursday Apr 23, 2020
Thursday Apr 23, 2020
Today our discussion revolves around bull and bear markets. We will break down the basics of what each of these types of markets mean and take a look at some historic trends that are relevant to this topic.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
For a transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
Transcript of Today's Show:
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Thursday Apr 16, 2020
Ep 18: Investing In Down Markets
Thursday Apr 16, 2020
Thursday Apr 16, 2020
It can be tough to see the silver lining in times of volatility, but when the market is down oftentimes there are some great investing opportunities. John and Nick give us some key tips on how to take advantage of a down market.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
For a transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
Transcript of Today's Show:
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Thursday Apr 09, 2020
Ep 17: Planning Through Volatile Markets
Thursday Apr 09, 2020
Thursday Apr 09, 2020
We talked last time on some of the financial impacts the Coronavirus had caused, but now we will discuss how to plan to get through tough times and market downturns. John and Nick will talk about a few suggestions they have when they see situations like this and how to withstand a volatile market.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
For a transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
Transcript of Today's Show:
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Thursday Apr 02, 2020
Ep 16: CARES Act
Thursday Apr 02, 2020
Thursday Apr 02, 2020
The Coronavirus (COVID-19) is having a dramatic impact on our daily lives and many people are taking a huge financial hit from lost wages, a volatile stock market, and general economic uncertainty. Congress recently passed the CARES Act to try and help alleviate some of the financial impacts. John and Nick will give us the rundown on this new bill.
https://floridadisasterloan.org/
https://www.sba.gov/funding-programs
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
For a transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
Transcript of Today's Show:
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Thursday Mar 19, 2020
Ep 15: Roth IRA 101
Thursday Mar 19, 2020
Thursday Mar 19, 2020
Last week we covered the basics of the traditional IRA and today we will shift our focus to the Roth IRA. John and Nick will once again explain the basics to this investment vehicle. We will also compare and contrast the Roth IRA to the traditional IRA.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
For a transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
Transcript of Today's Show:
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Thursday Mar 05, 2020
Ep 14: Traditional IRA 101
Thursday Mar 05, 2020
Thursday Mar 05, 2020
We cover the basics on the traditional IRA. John and Nick will break down what this investment vehicle is for and how it may be able to benefit you.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
For a transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
Transcript of Today's Show:
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Thursday Feb 06, 2020
Ep 13: Secure Act Changes - Stretch IRA
Thursday Feb 06, 2020
Thursday Feb 06, 2020
We continue our conversation about the SECURE Act. Another big piece to this new law is the removal of the stretch IRA. Nick walks us through the things we need to know about this big change.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
For a transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/
Transcript of Today's Show:
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Thursday Jan 16, 2020
Ep 12: Secure Act Changes - RMD
Thursday Jan 16, 2020
Thursday Jan 16, 2020
After it simmered in Congress for a year, the SECURE Act is now law. If you have a retirement account of any kind, or will one day inherit a retirement account, this will affect you. Today Nick will discuss the details around the new age specifications.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
Transcript of Today's Show:
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Thursday Dec 19, 2019
Ep 11: Social Security, Part 5
Thursday Dec 19, 2019
Thursday Dec 19, 2019
Today is part 5 of our social security series and we will focus on the survivor benefit option. We will talk about a few situations that can arise and share a couple of client stories that have revolved around this topic.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
Transcript of Today's Show:
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Thursday Dec 05, 2019
Ep 10: Social Security, Part 4
Thursday Dec 05, 2019
Thursday Dec 05, 2019
Today's show is part 4 of our social security discussion. Our topic today is spousal benefit options. John and Nick will walk us through the ins and outs of this facet of social security and offer their advice.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
Transcript of Today's Show:
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Thursday Nov 21, 2019
Ep 9: Social Security, Part 3
Thursday Nov 21, 2019
Thursday Nov 21, 2019
This is part 3 of our social security conversation. This week we talk about what aspects you should consider before you decide to start taking social security. Everybody's situation is different, but this may help you get a better idea on when you should start reaping your benefits.
Helpful Information:
PFG Website: https://www.pfgprivatewealth.com/
Contact: 813-286-7776
Email: info@pfgprivatewealth.com
Transcript of Today's Show:
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