Something More With Chris Boyd Show Podcasts

Chris, Brian, and Jeff talk about biased and fear-based investing. Many make investment decisions based on factors such as politics or where a certain stock sector is going and time the market wrong. When people get nervous, they often sell low vs. using it as a buying opportunity. They encourage people to do their research, be in for the market for the long-term, and not act on impulse.

Brian’s back. He talks with Chris and Jeff about improving financial indicators, which indicates that the economy is starting to normalize. Where has the 18-month promise of a recession been?  Brian discusses other false narratives, such as the housing suffering, and if he thinks the banking crisis is over? The Fed put a floor on the immediate crisis and the largest US banks did well on their recent stress tests.   They also talk about the employment picture and the “graying of America”. 

Chris and Jeff chat about the July 4th holiday weekend. They answer an “Ask the Advisor” question “Should I convert my 401(s) to an IRA or ROTH IRA? Last but not least, they discuss a CNBC article about what money matters cause strife in a marriage.  

Chris & Jeff discuss the 12 retirement mistakes to avoid from a "US News & World Report" article. Some of the mistakes are not getting an early start in saving for retirement, agreeing to support adult children, overlooking contribution opportunities, etc. Listen in as they provide tips on how to manage these potential retirement planning setbacks.

In this episode, Chris talks with Ric Edelman, investor, author, and founder of Edelman Financial Engines about digital assets and blockchain. Ric also started a Digital Asset Council of Financial Professionals (DACFP), which provides courses and a certification on crypto.   Their conversation includes the difference between cryptocurrency and crypto assets. Ric feels that crypto should be considered part of a diversified portfolio, but not more than 1%.  Ric cautions against financial advisors offering clients an account to buy Bitcoin, but suggests a better way is to buy securities that invest in the crypto space.  At 50 minutes, Chris and Jeff Perry continue the crypto convo. They question how crypto assets are valued, how to identify those “bad” actors (e.g., FTX, etc.), and that retirees may not have time to recover from downward fluctuations of crypto.

Attorney F. Keats Boyd, III, President at the Law Offices of Boyd & Boyd, P.C., joins Chris. Keats reviews basic estate planning documents and when they are applicable. It’s never to early to have a Healthcare Proxy, Power of Attorney, Will, Revocable Trust, and HIPPA Authorization in place to ensure your desires are carried out if you become incapable of doing so.  

Chris and Jeff talk about the benefit of having life insurance at different stages of one’s life. Life insurance can serve as a temporary tool to give one time to create the wealth that has not yet been created. How much life insurance you need should ideally be determined in the context of your financial plan. Most people purchase life insurance to pay off debt and create an income stream to support their family members after their death. There are different types of life insurance. It is important to determine your need, review the cost and terms of the policy, etc., before purchasing life insurance. Life insurance policies are underwritten by health and financial capacity based on statistical data – since you likely pay a higher rate if you have existing health conditions,  it can make sense to get life insurance while healthy. 

Chris & Jeff talk about the market. This week the Federal Reserve paused on interest rate hikes for May and the market is reacting favorably. The Core Inflation Rate is still at 5+, so it is unclear if rates will be hiked in future months. Chris discusses a Morningstar article “5 Charts on the Super Concentrated Stock Market”. For the first five months of 2023, 10 stocks accounted for 97% of the totals gain from the Morningstar US Large-Mid Index.

Chris has a great conversation with Robert Powell, award-winning journalist about retirement planning. They talk about bucket lists (once you reach 65 you have on average 8,000 days left on this earth), cashflow (using guaranteed income for essential expenses), retirement risks (inflation, divorce, policy change, etc. - plan ahead for those that you can), and elder planning.   Listen in for considerations regarding planning for a secure retirement, and follow Robert Powell on Finstream.TV and at Retirement Daily.net.  

May was Asian American and Pacific Islander Heritage Month and we celebrate Jeff Tomaneng, CFP®. Jeff is a first generation Filipino American and was recently recognized as a nationwide leader in the article “Amplifying 8 Asian-American Voices in Financial Planning”. Jeff is a wealth manager at AMR and a co-host of the FPA Wicked Pissah Podcast, produced by the Financial Planning Association of New England to provide thought leadership for financial advisors.   Chris and Jeff talk about what to do and not do in market down turns. In any market, make sure that your risk profile fits your temperament. They also discuss the debt ceiling and Republican Presidential candidates.   Recorded May 27, 2023

Scott Birmingham shares a survey (How well do people perceive their readiness for retirement?) by The Center for Retirement Research at Boston College. Roughly 20% of people interviewed are in bad shape for a secure financial retirement and know it, 40% are in good shape and know it, and 40% are not aware of how they are doing. Chris and Jeff, talk about the SEC injunction against Binance (cryptocurrency). The SEC claims that $2.2BN of investor’s funds are at significant risk due to the company co-mingling them with that of the founders' investments.

Kristen Mitchell-Hughes, Vice President of Tourism, from Cape Cod Chamber of Commerce joins Chris and Jeff. She shares what special events are planned for this summer season and the challenges the hospitality industry faces. Visit CapeCodChamber.org for a list of events. Mark Skala, President & CEO, Cape & Islands United Way talks with Chris and Jeff about the important mission that they provide to help with education, health, financial stability, and affordable housing on the Cape. Their 25th annual Best Night Gala will be held on June 23rd from 6-10pm and honor 25 people critical in the early days. Recorded June 1, 2023

Is Social Security going to be around when you need it?  Chris and Jeff talk about a CNBC Social Security poll that shows bi-partisan support for reducing benefits for high earners, raising the amount of Social Security benefits, raising the retirement age, and increasing payroll tax.  They discuss a Schwab article about when to take Social Security and how much you can withdraw annually from your portfolio for cashflow needs. People are often uncomfortable about taking withdrawals after they have saved so long for retirement. The general rule has been if you are in a 50/50 type portfolio and withdraw 4% annually with an adjustment for inflation, that you have a high probability of not running out of money over 30 years of retirement. There is more pressure on the 4% rule when stocks are not performing at their long-term average or when inflation is high, etc. A good practice is to have a separate bucket for liquidity to withdraw from if the market is not favorable at the time cash is needed. It is importa

MA State Rep. Steven Xiharos shares his experience being a Gold Star Father of his son Nicholas and what Memorial Day means to him. Michelle DeSilva, Cape Cod Cares for the Troops, discusses their annual Troops in the Spotlight event.

The AMR team talks about the #market – how is it doing, biases people may have– political or fear, and bank credit tightening. They also review a couple of lessons learned – portfolio allocation and quick money. #financialplanning #investments #stocks

Guest David Walker, US Comptroller General of the United States from 1998-2008 and advocate for federal fiscal responsibility, talks with Chris and Jeff Perry about the dangers if the deficit is left untreated. Recorded on May 18, 2023.

Chris and Jeff discuss the debt ceiling and the politics around it. They also cover Social Security Reform and the Windfall Elimination Provision (WEP). With graduation season underway, they discuss the job situation and the importance of financial literacy for new grads. 

CEO Chris Boyd, CFP®, and IAR Jeff Perry, JD, are joined by Jean Chatzky. Jean is an award-winning journalist, podcast host, radio show co-host, and CEO and founder of the HerMoney Podcast. She joins us to discuss the unique financial challenges women face in the workplace and in life. Chris and Jeff get into personal finance, discuss financial planning matters, and bring up the importance of budgeting while introducing AMR's Something More Mentoring complimentary personal finance program.

Host and CEO Chris Boyd, CFP®, and Jeff Perry, JD, are joined by Chris's mother, Ina Boyd, to share stories and express appreciation for all mothers out there. AMR team members express their gratitude and share lessons from their moms.

CEO Chris Boyd, CFP®, IAR Jeff Perry, JD, and CIO Brian Regan, CFA®, get into financial planning considerations while discussing AMR's upcoming complimentary Social Security and Medicare seminar on June 6th, which will provide insight for plans and strategies that can increase your understanding of social security and Medicare. As different people view debt differently, the team brings up types of debt, good debt vs bad debt, when to borrow vs when to use cash, and how to leverage debt to build wealth. Brian shares insight on what a Realistic Rate of Return is, different methods of measuring a good rate of return, and how the Realistic Rate of Return fits into a financial plan. They get into institutional investing and wealth management as it relates to banks, pension funds, endowments, insurance companies, and these institutional investors should manage money.