Something More With Chris Boyd Show Podcasts

Jeff Perry hosts for Chris this week. Sunday was World Population Day. Did you know there are 7.8BN people on Earth and 332M in the US? Brian and Scott review highlights from AMR’s recent tax webinar. They discuss: the proposed tax reform provisions under the Biden administration, how they may impact portfolios, and potential strategies to implement. AMR’s next "Quarterly Economic & Market Update" webinar will be held on July 21st 2 10:00AM. You may register on AMRfinancial.com Previous webinars are available on the AMRfinancial.com Resources page.

Bill Zammer, owner of the Flying Bridge and other local restaurants made a significant contribution to the Cape Cod community. In tribute to him, Chris plays a “Something More With Chris Boyd” radio segment from September 2008, in which he interviewed Bill regarding his success.

Chris introduces AMR’s Margaritas & Money program.  Scott Birmingham, CFP®, ChFC, CDFA®, CAP, CLU, Investment Advisor Representative and Chief Compliance Officer at Asset Management Resources, and his fiancée Kristi Curling critique margaritas at Nashville area restaurants and include 30 seconds of financial information in the process. It’s lots of fun and informative at the same time. Chris, Scott, and Jeff Perry also talk about a change to the Secure Act proposed for January 1, 2022. This change would raise the age in which people are required to take Required Minimum Distributions from 72 to 73, and gradually to 75.  

Brian talks about stock valuations and what drives P/E (price-to-earnings ratios). He also discusses how real estate investments fit into a portfolio during today’s real estate boom.  

The S&P average annual return is 14.82%. Brian, Chris, and Jeff Perry discuss if it is better to stay invested or if now is the right time to get out of the market. Brian discusses the likelihood of inflation and the benefits/disadvantages of an inflationary economy. He also discusses the Covid Delta Variance and if now is a good time to be increasing foreign investment exposure.

Jeff Perry shares lessons from his personal financial journey. He suggests: Writing down goals, amending them annually, and reviewing them quarterly to stay accountable. Do not get emotionally involved in an investment and know what you are investing in. Get professional help to review various scenarios and make sure you are on track.

The AMR team discusses saving for college. Their key advice is something is better than nothing and it’s better to start sooner than later (use the power of compounding to your advantage). 529 plans are target-date college investment plans that grow tax-free. Withdrawals are also tax-free if payments are made directly to the college. Payments can be used towards tuition, room and board, books, school fees, and now even computers and printers.

Free Application for Federal Student Aid (FAFSA®) forms are due soon. Jayson Tinsley, Assistant Vice President, Financial Aid (Counseling) at University of Maryland Global Campus, joins Chris and Brian to discuss what the FAFSA is and best tips for obtaining college financial aid. AMR reviews the cost of raising a family.

Is someone in the family able to step in and manage the finances when the financial head of the house shows signs of incapacity? AMR talks about some of the family dynamics when the financial family roles begin to shift. They also discuss things that should be known and asked in the event that someone else needs to begin managing the family finances and other personal business matters

Annalee Kruger, Founder & President of Care Right, Inc. joins Chris this week. She discusses: the difference between dementia and Alzheimer’s, signs to watch out for – mood changes, fatigue, etc., caregiver fatigue and resource available, and the importance of an aging plan.

Are you thinking of planning a summer vacation? AMR discusses best practices for vacation savings and answers client questions about 401(k) transfer, etc.  Chuck Nardozza, Managing Director of Travel Sales at AAA shares top travel trends, restrictions, and planning ideas. 

Dave Sampson of Thrive Networks shares best cybersecurity tips. Businesses should have a comprehensive security framework including windows updates, data backups, data isolated outside of network, recovery process, and regular testing. Individuals should use dual factor authentication, complex passwords and rotate them, don’t use the same password for every site and use an end point protection solution software. AMR has fun talking about examples of shrinkflation.  

AMR reviews financial best practices for recent graduates, including develop a budget, don’t get into debt by chasing the latest shiny penny, manage credit responsibly, and start saving for retirement Glenn E. Frank, author of “Your Encore Retirement Planning Guide - How to Balance Time, Money and Joy", joins Chris. Glenn shares the joy matrix to help determine what makes you happy. People who have purpose and who help others tend to be happier and live longer.

Jeff Perry co-hosts with Chris. They discuss  Memorial Day being a day to remember vets who died in service or are MIA, and the history behind it.   Chris, Mike, Jeff, Jeff, Scott, talk about all things Amazon.  

Chris is joined by Brian Regan and Jeff Perry. They discuss these recent financial news events and their impact on the market: Activist investors on the Exxon Mobile Board Significant volatility in crypto-currency markets Inflation - Are higher consumer goods and housing prices indicative of long-term inflation or transitory? What effect will wage increases have on inflation?

Chris and Keats talk about three tax proposals and how they may affect estate planning: President Biden’s Income Tax, Capital Gains, Social Security Sander’s For the 99.5% Tax Act Van Hollen’s Sensible Taxation and Equity Promotion (Step) Act of 2021 Chris and Cathi discuss financial mistakes to avoid in your 50s and 60s, including: Spending Retirement Money Before Retirement Retiring Too Soon Relying Entirely on Social Security or Pension Not Having an Estate Plan Being Too Conservative with Investments Doing Nothing

F. Keats Boyd, President of Boyd & Boyd, PC, discusses the basics of estate planning, including the reasons to set up an estate plan and when/when not to use a Medicaid planning trust. MAIN REASONS FOR AN ESTATE PLAN: Passing wealth at death Incapacity care planning  Probate avoidance Asset protection  Tax avoidance income and estate tax avoidance

When doing financial planning money is the how; what is really important is the why. AMR’s 360 Financial Planning process helps clients look at all of the quantitative items impacting their finances, including income, assets, expenses, needs, Social Security, risk, and estate planning. It also addresses all of the qualitative aspect, including one’s personal and financial goals. Learn about AMR's 360 Financial Planning process.

Asset Management Resources' Active Allocation process looks at numerous factors, including economic data and valuations, to see where opportunities and risk may be. We proactively adjust the portfolio in anticipation of these issues, striving to get the best risk-adjusted returns. Learn more about our Active Allocation process at AMRfinancial.com.

Women have unique challenges when it comes to financial planning. As the traditional family caregiver they may have fewer working years, which can affect income, savings, and Social Security benefits. Chris, Brian, and Cathi talk about Warren Buffet, the Fed’s management of the 2020 financial crisis, and changing demographics. The U.S. population grew at slowest pace since the 1930s. Negative demographic trends are deflationary to the economy.