Ep 3: The Financial Planning Olympics

We’ve received some great questions from clients recently. For instance, if you got a raise at work, but your household now makes too much money to contribute to a Roth IRA, what do you do? Where should your investments go if you like tax-free growth?

Tune in to this episode as Marc answers this question and others, like how to use a health savings account, how to save for your kids’ college, and more. As always, we’re here to answer any financial questions you have. Stay tuned to see what you can learn from these listener questions!

In this episode, we’ll share: 

• What to do if you make too much money for a Roth? (0:32)
• How to use a health savings account? (5:16)
• Should I stop contributing to my 401(k)? (7:22)
• How to save for kids’ college? (12:30)

Get in touch with Marc and PFA: 

Web: https://www.pfaretire.com/about-us/our-team.html

Phone :308-534-8210

Today we’re tackling two meaty topics – the debt ceiling and playing the long game in investing. Last show, we talked a lot about the debt ceiling, so we wanted to give you an update. The Federal Reserve met recently and decided to pause rates, which was to be expected. In the media, it was doom and gloom last month, and now they’re not talking about it as much. Some people thought the Fed might cut rates, but that hasn’t happened. They’ll probably increase them again this year.

In this episode, we’ll share: 

• What happened with the debt ceiling? (0:41)
• Why you need to play the long game. (3:50)
• How can business owners help employees plan for retirement? (7:11)

Get in touch with Marc and PFA: 

Web: https://www.pfaretire.com/about-us/our-team.html

Phone :308-534-8210

Today we're talking about the U.S. debt ceiling. You might be wondering, what is that? It’s basically a limit on the total amount of money our government is authorized to borrow. U.S. Treasury Secretary, Janet Yellen, says our country has enough money to pay our bills until June 1, so we’re coming up against that deadline. 

The president and House and Senate leaders are currently negotiating about how to handle this. In this episode, we'll take a look at how the debt ceiling has been handled in the past and discuss what might happen moving forward. Join us as we dive deeper into the U.S. debt problem in today's episode and talk about how it could impact you. 

In this episode, we’ll share:

• What is the debt ceiling? (0:39)
• How could a possible government shutdown affect us? (4:36)
• How politicians are handling the debt ceiling. (10:27)

Get in touch with Marc and PFA: 

Web: https://www.pfaretire.com/about-us/our-team.html

Phone :308-534-8210

We have a lot to talk about on today’s show because it’s an exciting time of year! Tax season is behind us and we’re looking ahead. In honor of Financial Literacy Month, we’re sharing facts you need to know when it comes to your money.

We’ll explain how financial literacy can impact you and how your money challenges and successes can impact your children down the road. If you’re listening to this podcast, odds are that you are already interested in this topic, but let’s take it to the next level.

 In this episode, we’ll share:

• Experiencing a drop in your 401k balance when you're young may not necessarily be bad news. (5:29)
• What does financial literacy mean to you? (7:56)
• How your finances can impact your kids. (11:20)

https://www.pfaretire.com/about-us/our-team.html

308-534-8210

The collapse of Silicon Valley Bank and Signature Bank has been huge news in the financial sector and an event that many people worry could trigger even more fallout across the country. With 2008 still fresh in our mind, it’s justified to be concerned about what this might mean for your money. 

In this episode, Marc will break down the events leading up to these bank failures and explain what actually happened to cause this collapse. Knowing what went wrong will help you better understand how it’s different from the failures 15 years ago.  

But there’s still plenty of concern about what this means for you and your money. Marc will talk about local banks and how they’re structured to give you a better idea of where your money is stored. Plus, there might actually be some silver lining to all of this news related to the stock market moving forward, which we’ll explain as well.

Here's some of what you’ll learn in this episode: 

• Who was Silicon Valley Bank?  (4:30)
• Should you have any concerns over your local bank? (7:04)
• What led to this breakdown of SVB  (9:39)
• The silver lining for the stock market. (16:52)

Get in touch with Marc and PFA: 

Web: https://www.pfaretire.com/about-us/our-team.html

Phone :308-534-8210

In the New Year, it looks like we may have some changes to the retirement system. It may make things slightly more challenging for PFA and for consumers throughout the nation.

New retirement legislation is on the horizon, and in this episode we will discuss some of the key points you will want to know about the SECURE Act 2.0.

On this episode, we’ll share:

• What to know about the SECURE Act 2.0. (1:20)
• Here you can learn about explain Simple IRA Plans. (5:48)
• When should you start your Social Security? (10:53)

You can learn more at the link below:

https://www.pfaretire.com/make-retirement-work/podcast.html

Let's chat about your retirement plan:

308-534-8210

Today’s show combines our two favorite topics – finances and football. Believe it or not, planning for your financial future has some similarities to the sport of football.

In retirement planning, some people try to be successful without having a coach at all. Others keep the same coach that they’ve had for years, even though things aren’t working out with him.

We’ll explain why you need to design a portfolio that puts you in victory formation.

On this episode, we’ll share:

• Why mistakes in the financial red zone are so costly. (3:30)
• Why the hurry-up offense is a bad idea for your finances. (6:39)
• Why you need to stop worrying about the victory formation with your money. (7:36)

You can learn more at the link below:

https://www.pfaretire.com/make-retirement-work/podcast.html

Let's chat about your retirement plan:

308-534-8210

Welcome to today’s show! If you haven’t heard of Professional Financial Advisors, LLC, we handle money management and financial planning and have been in business since 2003.

We also help clients with Medicare plans. Within financial planning, we try to be holistic so we can handle all your needs. Find out more about our business and how we can help you.

On this episode, we’ll share:

• Why you shouldn’t count on Social Security for your financial future. (2:23)
• How we specialize in diversification, especially for retirees. (4:13)
• Why medical services are so crucial and how we can help you get the right assistance. (7:08)

You can learn more at the link below:

https://www.pfaretire.com/make-retirement-work/podcast.html

Let's chat about your retirement plan:

308-534-8210

(Note: Today's episode sounds a little different as it was originally produced for the NebraskaLand Bank Podcast)

On this episode:

Medicare can be confusing, especially with the various plans and supplements offered through different companies. So we're going to break down Medicare today with two experts on the topic, Whitney Kester, a specialized Medicare insurance agent, and Marc Werkmeister, a Certified Financial Planner.

Unfortunately, the process of Medicare is a lot more complicated than simply enrolling once you turn 65. There are supplement plans and prescription plans we need to consider as well. Working with a team like Whitney and Marc can ensure you are getting the coverage that fits your needs and your lifestyle.

Key Points:

Did you always want to specialize in Medicare? (4:45)

Can you break down Medicare Part A, Part B, Part C, and Part D? (7:12)

Why is it so hard for people to plan for Medicare by themselves? (11:13)

What is your client relationship like when planning for Medicare? (14:02)

How do you keep up with changes in Medicare? (17:11)

How do people go about setting up a consultation? (19:08)

A quick update on the economy and interest rate environment. (21:51)

Trivia: Who said this famous quote? (28:38) 

Learn More:

https://www.pfaretire.com/