Running Things with Kimsey Hollifield

Have you ever wondered what it would be like to step back into your past, only this time, with a mission to reshape its future? Join us for an engaging chat with Dickie Myler, a small business owner and a mayoral candidate who is on this very journey in his hometown of Summerville. As we walk down memory lane with Dickie, we explore the town's simpler times and the nuances of how the seventh largest city in South Carolina has evolved since his high school days. We delve into the charm of the old town, with its Tasty Freeze and drive-ins, and Dickie’s quest to retain this quaint essence as the town expands.

Traffic woes, road construction, and a major project delay of 20 years - sounds familiar? Well, Dickie is not just nostalgic about Summerville, he's a man with a plan. From a new comprehensive traffic study to strategies for slowing down traffic in the historic district, he is all set to address these concerns. We also discuss the potential of repurposing existing structures while preserving the town's heritage, and the vision of a new restaurant and shopping district. 

Finally, we take a moment to appreciate the heritage of Summerville, as seen through Dickie's family history. With his great-great-grandfather being the first mayor, and a family deeply rooted in real estate, Dickie has the combination of pedigree and passion to lead Summerville. As a small business owner, his perspective is grounded in practicalities and informed by experience - a key to achieving a balance between growth and tradition. Tune in, as he shares his plans and love for Summerville, in a conversation that promises to be both insightful and captivating.

Interested in learning more? Visit us at https://www.hollifieldfinancial.com/ or give us a call at (843) 400-3022.

Ready to unlock the true potential of Reverse Mortgages? We promise to walk you through unchartered territories and unravel the financial secrets typically hidden in plain sight. We welcome Reverse Mortgage specialist Kellie Collins, who beautifully illuminates the numerous possibilities of this fantastic financial tool, serving as a financial lifesaver for retirees without a pension, or those needing home health care.

We dive deeper than just scratching the mortgage surface. This episode leaves no stone unturned, from strategies to maximize retirement income, to the potential pitfalls and the importance of understanding the various options available. In exploring these strategies, we discuss how to optimize mortgages, whether you're looking to buy a mountain house, a second home, or even a duplex. We also explore the link between Reverse Mortgages and Life Insurance and how the blend of these two instruments can provide financial security and peace of mind.

It's not just another episode on finance. It's more of an interactive guide that offers real-life scenarios and a deep understanding of the market. You'll hear from Kellie the different housing situations where a Reverse Mortgage can become a game-changer. We wrap up with a fascinating discussion on how these mortgages can be combined with life insurance policies. So, get ready for this financial rollercoaster ride that’s going to leave you well-informed and financially savvy.

Interested in learning more? Visit us at https://www.hollifieldfinancial.com/ or give us a call at (843) 400-3022.

Ever wondered why your investment accounts are not growing as expected? Could hidden fees be gnawing at your hard-earned money? We're pulling back the curtain on the murky world of 'double dipping' in financial accounts - a practice that could be costing you dearly. We'll help you decode the complex financial jargon and guide you through real-world examples using Yahoo Finance. You'll learn how to spot the signs of double dipping, calculate your actual fees, and understand the impact of expenses like 12B1 charges and sales loads on your total investment costs.

But it's not all gloom and doom! It's time to take control of your financial future and stop the fee bleed. We're here to empower you with the knowledge and tools to challenge unjust fees. We'll walk you through strategies to reduce your costs and expose when fees are unfairly high. This episode is packed with actionable tips to help you navigate the labyrinth of account fees, so you can maximize your returns and secure your financial health. Don't let hidden fees drain your investments - tune in and take charge!

Interested in learning more? Visit us at https://www.hollifieldfinancial.com/ or give us a call at (843) 400-3022.

Ready to uncover the mystery behind variable annuities? You've hit the jackpot. 

I'm Kimsey Hollifield, from Hollifield Financial Group, and I'm taking you on a journey through the world of variable annuities. We'll dismantles all the nuances of this financial instrument, often shrouded in confusing jargon and hidden fees. I'll also tell you why I'm not a fan of variable annuities, echoing the sentiment of financial gurus like Tony Robbins and Suze Orman. 

In this episode, I'll lay out the inherent risks and the plethora of fees that come hitched with variable annuities. You'll be privy to a real-life story of my clients who ended up paying over twenty thousand dollars ($20,000 USD)  in fees due to the variable annuity they were in. 

If you're eager to make sense of your investments and steer clear from the snares of high-fee investment options, this episode is your treasure trove. Get ready to arm yourself with insights that could end up saving you thousands of dollars and a whole lot of financial stress. 

Interested in learning more? Visit us at https://www.hollifieldfinancial.com/ or give us a call at (843) 400-3022.

Are you struggling to secure your child's financial future? 

As a fiduciary financial advisor and a new parent myself, I'm excited to introduce you to a simple, yet effective strategy - the $50 retirement plan, a financial safety net for your child that can be accessed tax-free, both throughout their life and as a tax-free retirement income. I'll break down this bucket-like plan, that not only allows you to grow your money completely tax-free but also enables your children to benefit from the good years of the market without ever going backwards. 

Additionally, we'll delve into another foolproof method - the government-sponsored cash value life insurance plan for children. I'll share my personal journey with this plan, and reveal how an investment of just a thousand dollars per year can snowball into a whopping fifty-two thousand dollar per year tax-free income for your child. So, sit back and join me as we navigate the complex world of financial planning for our children's future, one step at a time.

Interested in learning more? Visit us at https://www.hollifieldfinancial.com/ or give us a call at (843) 400-3022.

What if you could safeguard your financial future during turbulent times in the stock market? Join us as we explore the possibility of a recession, its potential impact on the market, and strategies to protect your investments. In this discussion, we revisit five significant moments in the history of the S&P 500, where the market experienced a drop of at least 30% in a year, including the Great Depression, Black Monday, the dot-com bubble, the global financial crisis, and the COVID-19 market correction.

We share insights on the causes, duration, and recovery time for each event, and important lessons learned from these market downturns. Discover the benefits of using accounts with 100% safety or those with a 30% protection buffer, which can provide peace of mind amid market volatility. Learn how these accounts can potentially offer attractive interest rates while minimizing your exposure to significant losses. Don't miss this opportunity to equip yourself with valuable knowledge to safeguard your financial future during uncertain times in the stock market.

Interested in learning more? Visit us at https://www.hollifieldfinancial.com/ or give us a call at (843) 400-3022.

Ever wondered what goes on behind the scenes at Summerville's local businesses? Join me, Kimsey Hollifield from Hollifield Financial Group, as I set off on an exciting new journey with our YouTube series, "How Summerville Works." I'll be exploring various local businesses, learning about their day-to-day operations, and meeting people from all walks of life, gaining insights into their worries and aspirations.

In this episode, my June update, I discuss the significance of the S&P 500 passing the 8% test and what it means for investors, as well as two popular investment strategies involving fixed indexed annuities and structured notes. Plus, get the inside scoop on the current state of the bond market and the challenge of the inverted yield curve. Don't miss out on this informative and engaging episode!

Interested in learning more? Visit us at https://www.hollifieldfinancial.com/ or give us a call at (843) 400-3022.

Hi, I'm Kimsey Hollifield. Thank you for watching. To learn more about Hollifield Financial Group, visit https://www.hollifieldfinancial.com.

Follow us on social:
https://www.facebook.com/hollifieldfinancialgroup
https://www.instagram.com/hollifield.financial.group

#wealth #retirement #lifestyle #investing

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Interested in learning more? Visit us at https://www.hollifieldfinancial.com/ or give us a call at (843) 400-3022.

Hi, I'm Kimsey Hollifield. Thank you for watching. To learn more about Hollifield Financial Group, visit https://www.hollifieldfinancial.com.

Follow us on social:
https://www.facebook.com/hollifieldfinancialgroup
https://www.instagram.com/hollifield.financial.group

#wealth #retirement #lifestyle #annuities

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Video Chapters
00:00 Start
00:07 Video Intro
00:17 Annuities Intro
00:49 Immediate Annuity
01:15 They Are Irrevocable / Income Stream
01:41 Deferred Annuities 
01:48 3 Types of Deferred Annuities
02:05 Fixed Annuities
02:53 There Are No Fees
04:06 They Are Tax Deferred
04:36 Fixed Indexed Annuity
04:54 No Annual Fees (Typically)
05:12 10% Access Per Year
05:40 "Indexed"
05:41 Stock Market
07:12 "Cap" Definition
08:20 Variable Annuity
08:30 Suze's Opinion
09:25 Video Recap
10:08 Video Outro
10:21 Disclaimers

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Interested in learning more? Visit us at https://www.hollifieldfinancial.com/ or give us a call at (843) 400-3022.

Hi, I'm Kimsey Hollifield. As a fiduciary advisor, I'm obligated to act with my client's best interest in mind. If this sounds good to you, I'd love to meet in person, over Zoom, or over coffee in or around Summerville, SC. Let's connect: (843) 400-3022 or https://www.hollifieldfinancial.com. Thanks for watching. 

Follow us on social:
https://www.facebook.com/hollifieldfinancialgroup
https://www.instagram.com/hollifield.financial.group

Video Chapters:
00:00 Intro
00:09 Video Intro
00:18 3 Ways to Setup A Financial Advisor Business
00:34 1) Banks
02:07 2) Wirehouse/Brokerage Firms
04:06 3) Independent Fiduciary Advisors
06:23 Recap/Outro
06:45 Slide With 3 Types/Review
06:58 Disclosures

#wealth #retirement #lifestyle #advisor #morganstanley #ubs #merrilllynch #fees 

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Interested in learning more? Visit us at https://www.hollifieldfinancial.com/ or give us a call at (843) 400-3022.