Financial Planning Overview

Do you have questions about investments, Social Security, taxes? Check out our videos below!

Annuities Explained: Are They Right for Your Retirement Plan?

Worried about running out of money in retirement? Annuities can provide guaranteed income for life—but are they the right choice for you? In this... We'll also discuss when annuities make sense and what to watch out for, including high fees and loss of liquidity. Don't miss this video on how... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Are Stocks Too Risky for Retirees?

Are stocks too risky for retirees, or do they still have a place in a well-balanced portfolio? In this video, we discuss the pros and cons of stock... Learn how to manage sequence of returns risk, balance stocks with bonds and alternative investments, and make smart decisions that align with your... Don't navigate retirement planning alone! Talk to a financial advisor to tailor a strategy that fits your needs. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Reverse Mortgages: Smart Retirement Strategy or Risky Move?

Can you use your home’s equity to boost your retirement income? Reverse mortgages can be an option, but they come with key risks and trade-offs. In this video, we break down how reverse mortgages work, their pros and cons, and when they might (or might not) make sense for retirees. Before... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Tariffs and the Market | Q2 State of the Market | What Investors Should Know

In this quarterly market update, we break down how the markets performed in Q1 — from U.S. and international stock returns to bond market movements... We’ll explore why tariffs may cause short-term market volatility and how they could affect your portfolio over time. Whether you're a long-term... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

U.S. vs. International vs. Emerging Market Stocks: What to Choose?

Investing in stocks can be exciting, but understanding the differences between U.S., international, and emerging market stocks is crucial for... Whether you're a seasoned investor or just getting started, this discussion will help you navigate global markets with confidence. Don't forget to... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Investment Vehicles Explained: Stocks, Bonds, Mutual Funds & More!

Not sure where to invest? In this video, we break down stocks, bonds, mutual funds, ETFs, interval funds, and alternative investments like REITs... Whether you're planning for retirement or looking for portfolio growth, understanding these investment vehicles is key to making informed decisions. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Is a Continuing Care Retirement Community Right for You?

Thinking about a Continuing Care Retirement Community (CCRC)? These all-in-one retirement options offer independent living, assisted care, and... In this video, we break down the benefits, costs, and key considerations to help you make an informed decision about your future living... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Is a 529 Plan the Right Way to Save for Your Child’s Education?

Are you thinking about saving for your child's education with a 529 plan? In this video, we break down what you need to know—from tax benefits to... We also discuss common pitfalls and strategies to maximize your savings. Whether you're a parent, grandparent, or just planning ahead, this video... Note: Annual Gift Exclusion at the time of recording (2024) was $18,000. For 2025 it has been raised to $19,000. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Is Your Investment Rate of Return Actually Good?

Not all investment returns are created equal! A 5% return might sound great—or terrible—depending on key factors like asset class, liquidity,... In this video, we break down the five critical considerations you need to evaluate your investment performance in the right context. Don't fall for... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Are US Savings Bonds Worth It for College Savings? Pros & Cons Explained!

US Savings Bonds can be a safe and tax-advantaged way to save for college, but are they the best option? In this video, we break down the pros and... Plus, we discuss alternative investment options to maximize your savings. Don’t miss these important insights before you invest! This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Early Retirement Account Withdrawals: The Smartest Ways to Avoid Penalties

Need to tap into your retirement savings early? Before making a costly mistake, watch this breakdown of the best (and worst) ways to withdraw funds... We’ll cover penalty-free exceptions, tax implications, and smart strategies to minimize financial setbacks. Don't let an unexpected expense derail... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

How to Fill Out Your W-4 the Right Way!

Filling out your W-4 can feel confusing, but it’s crucial to getting your tax withholding right! In this video, we walk you through the W-4 form... Whether you have multiple jobs, dependents, or extra deductions, we’ll show you how to complete your W-4 accurately—both manually and using the IRS... Tax Withholding Estimator | Internal Revenue Service This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Understanding Cost Basis: Avoid Tax Mistakes!

Tracking your cost basis is essential for smart investing and tax efficiency! In this video, we break down: What cost basis is and why it mattersHow it affects stocks, mutual funds, real estate, and cryptocurrencyCommon misconceptions that could cost you... Need expert guidance? Always consult a CPA or financial professional to optimize your tax strategy. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Quarterly Tax Payments Explained: How to Avoid IRS Penalties

Making estimated tax payments doesn't have to be overwhelming. In this video, we’ll break down: Why you may need to pay quarterly taxes.How to calculate and schedule payments.Key mistakes to avoid, like underestimating income or missing... Plus, you will learn strategies to reduce your tax liability through smart financial planning, like restructuring assets or leveraging a Roth... Key Deadlines: April 15June 15September 15January 15. Pro Tip: Work with a financial advisor or CPA to fine-tune your tax plan. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Should I take on debt in retirement?

This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Roth 401k vs. Traditional 401k: Which is Right for You?

Selecting between a Roth 401(k) and a Traditional 401(k) is a significant choice that shapes how your retirement savings grow and how they’re... In this video, we guide you through what you need to know about Roth and Traditional 401(k) accounts, including: How to prioritize your savings (emergency funds, employer matches, and debt management).Key differences between Roth and Traditional 401(k)s,... Whether you're just starting your retirement planning journey or revisiting your strategy, this video has actionable insights to help you along the... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Q1 2025 State of the Markets

In this video, we review economic trends off the past year, market performance, and fiscal policies, covering key takeaways from 2024 and lessons... What We’ll Cover: 2024 Market Performance: US stocks soared 24%, driven by a 33.4% surge in large-cap tech stocks.International markets saw mixed results, with emerging markets up 8.1% but... Economic Indicators & Trends: Inflation stabilized near the Federal Reserve’s 2% target after years of variability.The yield curve’s shift from inversion to expansion signals... Key Historical Insights: From 2000–2024, markets experienced tech bubbles, financial crises, and post-pandemic recoveries.Diversification remains crucial, as evidenced by... Fiscal Policy and Government Debt: Rising interest payments, now over $1 trillion annually, highlight concerns about debt sustainability.GDP trends show private industry driving 90%... Takeaway: 2024 was a year of strong stock performance and modest bond returns, reflecting a complex economic environment influenced by inflation, interest... Watch now to gain clarity and confidence in your financial future! This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

How Much Should I Keep in a Financial Reserve? | Essential Tips

Avoid financial stress with a well-planned primary reserve! Learn why maintaining a reserve of living expenses—and factoring in unique life... From unexpected expenses to job stability, this video breaks down how to calculate your reserve and explores the best places to keep your savings,... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Are You Saving Too Much for Retirement?

Is it possible to save too much for retirement? While most financial advice focuses on having enough, this video explores the other side of the... From understanding "how much is enough" to balancing financial security with meaningful experiences, we’ll help you rethink your retirement... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Financial Gifts, Charitable Contributions, Creative Experiences: Unique Gift Ideas for Loved Ones

This Christmas season, rethink the way you give! Whether it’s financial gifts, charitable contributions, or unforgettable family experiences, we’re... From maximizing tax-free financial gifts to planning memorable family outings, this video will inspire thoughtful gift-giving that strengthens... What is a Donor Advised Fund? This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Asset Allocation Nearing Retirement

Are you nearing retirement and unsure how to adjust your investment strategy? In this video, we explore the crucial steps for reallocating your... Learn about balancing risk, incorporating all financial elements into one cohesive plan, and aligning your wealth with your core values. Whether... Don’t miss these essential tips to ensure a smoother financial transition! Other videos to watch about asset allocation: An overview of Equity and Fixed Income SecuritiesWhat factors do I need to consider when allocating my portfolio? This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Planning Your Taxes in Retirement: What You Need to Know

Transitioning from your working years to retirement brings significant changes to your tax situation. From the end of payroll taxes to shifts in... In this episode, we break down key considerations, including FICA tax savings, state tax variations, and strategies like Qualified Charitable... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Estate Planning Before Retirement: Key Considerations

As retirement approaches, it’s crucial to revisit and update your estate plan. From choosing the right powers of attorney to revising beneficiary... In this video, we cover the essentials of estate planning, including financial and medical considerations, the importance of trusts, and how to... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Is Your Retirement Plan Missing This CRUCIAL Element?

Discover a fresh approach to retirement that goes beyond the "endless vacation" mindset. In this video, we explore the concept of beginning... We’ll discuss the importance of a meaningful sabbatical and explore seven powerful practices to kick-start your retirement journey. From preparing... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Why The DREAM of Retirement Might Be Your Biggest Mistake

Is retirement all about the dream of an endless vacation, or is there a deeper purpose waiting to be explored? In this episode, we dive into seven... Discover why the dream of "permanent rest" may not lead to the satisfaction we expect, how to build meaningful connections post-retirement, and... Inspired by insights from Mitch Anthony and Jeff Haanen, this conversation offers practical advice on shaping a retirement that aligns with your... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

ACA Health Insurance 101: Navigating Marketplace Plans and Lowering Costs

Join us as Clarice Flemming, Health Plan Coordinator at Caribou Wealth, provides a thorough guide to navigating the ACA Marketplace. Learn how... We’ll review state vs. federal options, optimizing premiums, and changes from the Inflation Reduction Act that could impact 2025 coverage. Whether you’re new to the Marketplace or looking to save more, this video has the tips you need for an informed, cost-effective choice during open... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Medicare Part A, B, C, & D: Simply Explained

Join us as we talk with Clarice Flemming, Health Plan Coordinator at Caribou Wealth, for a complete Medicare Open Enrollment overview. Stay... From evaluating Medicare Advantage and Part D plans to exploring supplemental options like Medigap, this guide covers what you need to know to... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Q3 Market Insights: Stocks, Bonds & Election Predictions

In this market update, we analyze Q3 performance in U.S. and international stocks, bond market trends, and what to expect with the upcoming election. We’ll also discuss how the election could influence returns and what history tells us about investing during political uncertainty. This video will... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Captive vs Independent Insurance Agents: Key Differences Explained

In this episode of Financial Planning Fundamentals, we dive into the world of insurance with Billy Blount, an experienced independent agent. We’ll... We also explore common mistakes in homeowner's policies, rising insurance rates, and what you should watch out for when it comes to digital... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Common Misconceptions about Home, Auto, and Umbrella Insurance with Billy Blount

In today's episode, we sit down with Billy Blount, founder of William Blount Insurance Advisors, to uncover the most common misconceptions about... From homeowners and auto to umbrella coverage, Billy breaks down the complexities of insurance contracts, shares expert insights on avoiding... Whether you're confused about your coverage or just looking for tips to save, this episode is packed with valuable information to help you make... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Should You Relocate for Retirement Tax Savings? Key Factors to Consider!

Is moving to a different state for retirement to save on taxes worth it? In this video, we explore the biggest tax burdens retirees face, from... Learn how relocating can impact your long-term financial plan and discover the key elements to consider before making the big move. Whether you’re... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Gifting Money to Family: How to Do So Without Harming Your Financial Plan

Do you want to give meaningful gifts to your loved ones without derailing your financial goals? In this video, we review the do's and don'ts of... From tax implications and the annual gift tax exclusion to alternative approaches like 529 plans and appreciated securities, we'll guide you... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Charitable Giving: Tax-Efficient Strategies Explained!

In this episode, we review the best practices for tax-efficient charitable giving. From donor-advised funds to qualified charitable distributions,... Whether you’re planning your estate or looking to give during your lifetime, we’ll cover the strategies that can make a big difference. Plus, find... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Investing in Grandkids: One Woman's Inspiring Graduation Travel Tradition

In this episode, we sit down with Marti Richardson, a retired educator and long-time client, to explore how she chose to invest in her relationship... Marti shares the inspiration behind this tradition, her tips for grandparents considering similar experiences, and the lasting impact these trips... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Is it Possible to Fix Social Security? The Painful Truth

In our previous episode, we discussed the troubling state of Social Security, but today we dive into the possible solutions. From increasing the payroll tax to adjusting the retirement age, we explore actionable steps to secure Social Security for the next 75 years and... Learn how these changes could impact you, your kids, or your grandkids, and what it might mean for the broader economy. Whether you're nearing... Links: https://www.crfb.org/socialsecurityreformer/ This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Will Social Security Run Out? Myths, Trust Fund Issues, and the Future

In this episode, we debunk two common myths about Social Security reform and examine the mechanics of the Social Security Trust Fund. We break down the current challenges, including why Social Security is running a deficit and what that means for your retirement. If you’re... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Maximizing Social Security Benefits for Couples in 2024

In this video, we dive into one of the most common questions couples face near retirement: When and how should you claim Social Security benefits? In this video we’ll explore the complexities of claiming strategies, the impact of life expectancy, and the importance of coordinating benefits... Whether you're planning for early retirement or considering long-term financial security, this video will guide you through the options to maximize... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

How to Get the Most Out of Your Social Security Benefits – Single Filers

In this episode, we explore the critical decisions involved in claiming Social Security benefits as an individual. We'll discuss the essential... Whether you're deciding when to retire or how to maximize your income, this video offers valuable insights to help you make informed choices. Tune... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

How Long Will You Live? Retirement and Longevity

Are you concerned about running out of money in retirement before dying? You're not alone. In this video, we explore the complexities of financial... Join us as we discuss statistical methods to project longevity and practical strategies to ensure your financial plan accommodates a longer life.... Links: 1. https://www.livingto100.com/calculator/age 2. https://www.blueprintincome.com/tools/life-expectancy-calculator-how-long-will-i-live/ 3. https://www.longevityillustrator.org/ This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

How to Protect Yourself from Fraud and Scams

In today's world, scams and frauds are increasingly prevalent, affecting millions of people each year. Join us as we dive deep into the most common... Learn how to protect yourself and your loved ones from these threats with practical tips and real-life examples. Don't forget to check the... Report Fraud: FTC.gov Identity Theft: IdentityTheft.gov This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

July 2024 Market Update: Insights on Stocks, Bonds, and Economic Trends

Join us for the July 2024 State of the Market update, where we review the latest performance of capital markets over the past three to six months. We'll cover key economic updates, analyze the relative performance of smaller companies over the past decades, and share recent research insights.... • US stock market Q2 review • International stock trends • Emerging markets vs developed markets performance • Bond market analysis • Examination of the price-to-earnings ratio trends • Discussion on small vs. large company performance We trust this video will be informative and aid you on your financial journey. What Happened to the Size Premium?: https://www.morningstar.com/alternative-investments/what-happened-size-premium Taking Over the Size Effect: Asset Pricing Implications of Merger Activity: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4055513 https://www.protiviti.com/sites/default/files/2022-06/2022-sox-compliance-survey-protiviti.pdf Size Matters, If You Control Your Junk: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2553889 Fact, Fiction, and the Size Effect: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3177539 This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

The Hidden Dangers of Cryptocurrency

Join us as we dive head first into the untamed world of cryptocurrency. From volatile transaction fees to the risks of Bitcoin ETFs and the... We explore recent incidents, including hacks and scams, and discuss why caution is crucial in navigating this high-risk, high-reward financial... Morningstar - Is even a little bitcoin too much for your portfolio: https://www.morningstar.com/portfolios/how-much-bitcoin-is-too-much Web3 is Going Great: https://web3isgoinggreat.com/ High Transaction Fees: https://www.coindesk.com/business/2023/11/23/bitcoin-sender-struck-with-31m-transaction-fee-largest-in-history/ Charles Schwab - Spot Bitcoin ETFs Approved: Key Issues to Know: https://www.schwab.com/learn/story/spot-bitcoin-etfs-approved-key-issues-to-know Molly White's Binance trial reporting: https://www.youtube.com/watch?v=YW7Oe8-RVik Fidelity Bitcoin Spot ETF Prospectus: https://www.fidelity.com/etfs/bitcoin-fund Amy Castor and David Gerard on risky nature of spot ETFs:... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

What You Should Know Before Buying REITs

In this video, we answer the common question: "Should I invest in a real estate investment trust (REIT)?" We'll explore whether REITs can help... In this video we review the benefits, risks, and nuances of REIT investments. Learn how REITs compare to traditional stocks and bonds, their... Whether you're a seasoned investor or just getting started, this video provides valuable information around incorporating REITs into your... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Is Gold a Good Investment in 2024? Pros and Cons Explained

In this video, we dive into the popular topic of investing in gold. From the appeal of shiny gold bars and coins to the realities of their... We'll explore the historical significance of gold as a store of value, compare it with stocks and bonds, and discuss the practical aspects of... Whether you're curious about diversifying your portfolio or looking for a hedge against inflation, this video provides valuable insights. Join us... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Inherited IRAs: What Do I Do Now?

The loss of a loved one is never easy, and inheriting an IRA can add a layer of financial complexity during an already difficult time. Join us as... Whether you're a spousal or non-spousal beneficiary, our discussion will guide you through the essential steps and considerations. Be to consult... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

HELOC Explained: How Does a Home Equity Line of Credit Work?

Got a significant short-term expense but not sure how to finance it? In this video, we explore Home Equity Lines of Credit (HELOCs) as a flexible... Join us as we break down what HELOCs are, how they work, the application process, and the potential benefits and risks. Whether you're considering... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Marriage Goals: Why is it Important to have Healthy Conversations about Money? – Part 2

In this video, we discuss recognizing signs of unhealthy financial dynamics in relationships and how to address them effectively. Join us as our... Learn practical tips for fostering open, constructive conversations about money with your partner to ensure a healthier, more collaborative... Healing Hearts Counseling: https://marriagecounselingknoxville.com/ Healing Hearts Counseling Phone: 865-283-1777 This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Marriage Goals: Why is it Important to have Healthy Conversations about Money?

In this episode we two thought leaders and counselors Adam York and Dana Vince to discuss the complexities of healthy financial conversations in... We’ll discuss why money talks can be so challenging and learn practical strategies to foster open, loving, and productive discussions about... Whether you’re married or are looking forward to marriage, this session offers valuable insights on managing money-related conflicts and building... Healing Hearts Counseling: https://marriagecounselingknoxville.com/ This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

What is Modified Adjusted Gross Income? (MAGI) Explained

Language can be tricky, and financial terms are no different! In this episode, we dive into the world of Modified Adjusted Gross Income (MAGI) and... From Roth IRA contributions to Medicare surcharges and the Affordable Care Act premium tax credit, we'll help you understand how MAGI impacts... For Reference: https://www.fidelity.com/retirement-ira/contribution-limits-deadlines This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Understanding Medicare: How IRMAA Affects Your Financial Planning

In this episode, we take a look at IRMAA, the Medicare surcharge that affects high-income earners. We'll explore what Medicare is, why surcharges... Learn about the financial implications of IRMAA for your retirement and strategies to minimize these surcharges. Join us as we discuss managing... Links for Reference: • https://www.cms.gov/newsroom/fact-sheets/2024-medicare-parts-b-premiums-and-deductibles • https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1395r&num=0&edition=prelim • https://www.cms.gov/oact/tr/2023 This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Maximizing Social Security Benefits: Navigating Taxation Strategies

Join us as we discuss Social Security taxation and its impact on maximizing benefits. From deferral tactics to early claiming strategies, learn how... Our discussion includes real-life scenarios that demonstrate how different taxation strategies can affect your overall income. We explore scenarios... Tune in to discover key insights to integrate into your financial plan. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Social Security Benefits: Should I Work Past Retirement Age?

Are you considering working past your retirement age but unsure about its impact on your Social Security benefits? In this video, we break down the... From understanding the penalties (or lack thereof) to maximizing your primary insurance amount, we review real-life scenarios and explore how your... Join us for insights and practical tips to make informed decisions about your retirement strategy! This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Can I Retire at 55? How Early Retirement May Affect Your Social Security Benefits

Are you considering early retirement? Join us as we dive into the complex world of Social Security benefits and how they're impacted if you retire... From understanding primary insurance amounts to calculating potential benefits, we unravel the key considerations for your financial future. Learn why early retirement decisions should be part of a comprehensive financial plan tailored to your unique circumstances. If you'd like to know more about how Social Security is calculated, check out this video. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Social Security Benefits: How Are They Calculated?

Ever wondered how Social Security calculates your benefits? In this comprehensive breakdown, we take a deep dive into the process step-by-step. From understanding your contributions to decoding bend points and primary insurance amounts, we have it covered. Stick around for real-life... Whether you're planning for retirement or simply curious about the system, this video provides invaluable answers to your questions. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Q2 Market Update: Insights & Cautionary Notes

Join us for our analysis of the first quarter market movements, encompassing stocks, bonds, and alternative investments. From the surge in US stock... Plus, we review the evolving landscape of financial advice, exploring the impact of social media on decision-making and the risks associated with... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

The Truth About Owning Rental Properties: Pros, Cons, & Realities

Considering investing in rental properties? Before you take the plunge, watch this video to uncover the realities of owning rental properties. From passive income and tax advantages to market volatility and tenant challenges, we examine the pros and cons with real-life experiences and... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Exploring Savings Vehicles: Maximizing Retirement Savings as a Consultant

Are you a consultant or self-employed? Discover how you can jump-start your retirement savings compared to traditional employees. In this video, we... From Solo 401(k)s to Defined Benefit Plans, we examine each option's benefits and drawbacks. Learn how to make the most out of your consulting... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Consulting Income in Retirement: The Pros, Cons, and What You Need to Know

Join us as we explore the interesting topic of consulting jobs in retirement. From the potential benefits to the crucial considerations, we dive... Discover how consulting income impacts factors like Social Security, taxation, and retirement savings, and learn how to navigate this option within... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

What Now? Tax Cuts and Jobs Act (TCJA) Expiration Explained

In this video, we review the impending expiration of the Tax Cuts and Jobs Act (TCJA) and its potential impact on your finances. With insights on tax brackets, standard deductions, exemptions, and qualified business income, we provide practical strategies to help you prepare... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Tax Deductions: What You NEED to Know About Itemizing

In this video, we dive into the intimidating world of tax deductions, focusing on itemizing for the tax year 2023. With the passage of the Tax Cuts... Join us as we break down everything from medical expenses to charitable contributions and state/local tax deductions. Learn how to navigate the... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Maximizing Your Tax Benefits: Strategic Moves for Last Year's Return

Are you feeling the tax season stress? Join us as we review the strategic financial moves that could potentially influence your previous year's tax... From contributing to IRAs to understanding health savings accounts, learn what actions you can take to optimize your tax situation for the past year. Plus, uncover helpful insights on what you can't do retroactively and how to approach tax planning proactively for the year ahead. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Understanding Your Tax Return: Form 1040 Explained

Are you confused about filing your taxes? In this video, we break down the intricacies of Form 1040 for the tax year 2023, giving you an overview... From income sources to deductions and credits, we guide you through the process step by step, helping you gain a better understanding of your tax... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Understanding Annuities: Can You Guarantee Income in Retirement?

Understanding Annuities: Can You Guarantee Income in Retirement? In this video, we explore the complexities of annuities, examining their role in providing stable income streams for retirement. From single... Join us as we navigate the nuances of annuities and how they may fit into your comprehensive financial plan. Don't forget to like, share, and... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Income Stream Tips: Can You Guarantee Income in Retirement?

Income Stream Tips: Can You Guarantee Income in Retirement? Join us as we review the strategies for securing a stable income stream during... In this video, we explore various approaches to address the fear of financial uncertainty, including tips ladders, annuities, and more. Learn about the nuances, pitfalls, and considerations to ensure your retirement income remains reliable and sustainable for the long haul. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Can YOU Afford to Retire? The 4% Rule for 2024

Can YOU Afford to Retire? The 4% Rule for 2024 - Join us as we discuss Bill Bengen’s renowned 4% rule, and if his strategy is still relevant in... In this video we’ll explain what the 4% rule is. Discuss underlying assumptions. Answer the question as to whether the rule always works. Examine... From market volatility to longevity risks, we untangle the complexities and provide insights to help you navigate your financial path with confidence. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

What EVERYONE Needs to Know About Required Minimum Distributions (RMDs)

What EVERYONE Needs to Know About Required Minimum Distributions (RMDs). Navigating your required minimum distribution (RMD) can be complex, but... In this insightful discussion, our experts review the various options available when it comes to RMDs, covering tax planning, asset allocation, and... Join us for a comprehensive guide on mastering your RMD journey. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

State of the Markets - Q1 2024

Join us for an in-depth analysis of the financial landscape as we begin 2024. In this video, we review the highlights of 2023, including the... We explore the impact of economic indicators on market trends, consider the question of a potential recession, and get valuable insights for... Later in the video, we discuss the risks of chasing hot stocks and the importance of a long-term investment strategy. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

What You Must Know Regarding Your 401(k) Allocation

Join us as we dive deep into ways to allocating your 401(k) wisely. In this video, we break down the essential factors you need to consider when... From maximizing employer matches to understanding risk tolerance and the importance of diversification, we've got you covered. Learn how to avoid... Whether you're just starting your career or nearing retirement, this video will help you navigate the complexities of 401(k) allocation like a pro! This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Adapting Your Financial Plan | What Happens When Life Changes?

Join us as we navigate through the intricate landscape of financial planning! In this informative video, we discuss the importance of updating your... Explore hypothetical scenarios and discover key elements to review regularly, ensuring your financial goals align with your ever-evolving life... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

How do you make and keep to a budget? Tools and Ideas!

Budgeting is a skill like most other things in life. Living on a budget takes time, practice, and a good bit of failure. As you create a budget and... Some folks will do really well with a spreadsheet where they track every dollar spent. Others need the accountability of an app. Others might need... Regardless of the method you choose, it is important to always start with why you need a budget. Join us as we explore making and keeping a budget. Spreadsheet Budget Templates - https://www.nerdwallet.com/article/finance/free-budget-spreadsheets-templates Budget Apps - https://www.nerdwallet.com/article/finance/best-budget-apps Envelope Budgeting - https://www.thebalancemoney.com/what-is-envelope-budgeting-1293682 This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

What is the 2024 Social Security Cost of Living Adjustment (COLA)?

In this week's episode, we dive into a crucial aspect of financial planning - the Social Security Cost of Living Adjustment for 2024. Join us as we... Learn why the erosion of purchasing power is a significant risk in any financial plan. Understand the background leading to the heightened... We provide a detailed explanation of how the adjustment is calculated, focusing on the Consumer Price Index for urban and clerical workers (CPI-W)... We also explore the challenges faced by the Social Security cost of living adjustment, including its focus on specific indices and potential... Want to try your hand at fixing the Social Security trust fund? Check out the Social Security Reform Calculator This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

How do you afford long-term care? Strategies for funding LTC needs

Join us for the final installment of our series on long-term care! In this video, we explore various funding options for long-term care needs.... We address hypothetical client situations, such as single individuals or widows/widowers who wish to age at home and may require extensive care.... One prominent funding option discussed is long-term care insurance. We delve into the pros and cons, highlighting factors like insurability,... Another strategy is self-funding, utilizing personal savings, Social Security, and retirement resources. Annuities with long-term care riders are... Tax implications are considered, as some long-term care expenses may be tax-deductible. Additionally, the video touches on the topic of Medicaid... As always, we're not attorneys or CPAs, and the information provided is for informational purposes. For personalized guidance, consult with your... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Don't believe everything you hear about long-term care. Five LTC Myths Explored!

In this video, we unravel misconceptions around long-term care, and provide insights into financial planning strategies for LTC. Whether you're... Genworth Cost of Care Medicaid’s Community Spouse Resource Allowance: Calculations & Limits Medicaid Spend Down Calculator This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Demystifying Long-Term Care: How do you plan for the unknown?

What is long-term care? What does it cost? Will I spend my entire life savings in a nursing home? As we age, these and other questions about long-term care can become more overwhelming. Understanding the nuances of long-term care and planning... Today, we want to cut through the noise and explore what long-term care is and ways to think about planning for an unknown future. We break down... Over the next three episodes, we will focus on long-term care! Stay tuned so you don't miss the next episode! Genworth LTC Cost of Care This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

How could you use a Donor Advised Fund? 5 Scenarios!

This week, we take a closer look into Donor Advised Funds (DAFs) and how they can be a helpful when looking to optimize their charitable giving. We... Scenario 1 - Clumping and Bunching Deductions Scenario 2 - Savvy Tax Moves with Appreciated Securities Scenario 3 - Giving in Peak Earning Years Scenario 4 - Strategic Gifting Before Business Sale Scenario 5 - Naming a DAF as IRA Beneficiary This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

What is a Donor Advised Fund? Could it be right for you?

Ever since the Tax Cuts and Jobs Act of 2017 increased the standard deduction, Americans have been seeking innovative ways to optimize their... We explore: What is a Donor Advised Fund?Setting Up Your FundTax Deductions and TimingCharitable Legacy PlanningComplex Assets: Privately Held Businesses and... Stay tuned for our next video where we explore five hypothetical scenarios to deepen your understanding of how Donor Advised Funds can be a... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Tax Deductions and Credits: Key Differences Explained

Do tax credits and deductions confuse you? Do you ever wonder why some are more beneficial than others? In this video, we breakdown some of the most common tax deductions and credits. Learn the key differences between tax deductions and tax credits. We cover medical expenses, charitable donations, mortgage interest, retirement accounts, educator expenses, and more. See examples to understand how to use deductions and credits. As always, consult a tax professional for advice specific to your situation. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Could a Roth conversion be right for you?

When does a Roth conversion make sense? Well, it depends. In this video, we discuss the strategic timing around Roth conversions. You will learn what a Roth conversion is, the mechanics of converting funds from pre-tax to Roth accounts, and reasons someone may want to do a... We also cover disadvantages of conversions like upfront taxes, potential Medicare surcharges, and effects on Social Security taxation. When clients are early in retirement, they often have a much lower level of taxable income than later in retirement when they are receiving Social... Watch the video below to learn more about the pros and cons of Roth conversions. You will need to evaluate your unique financial situation before doing a Roth conversion. Always consult with your financial advisor to see if it... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Dollar Cost Averaging: How It Works and the Pros and Cons

Dollar cost averaging can be a useful strategy for long-term investors to accumulate wealth over time. This video explains how dollar cost... We discuss the advantages like risk mitigation, building investor discipline, and lowering your average cost. We also cover disadvantages like... Overall, dollar cost averaging is one strategy that can help investors stick to a plan and invest for the long-term. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Behavioral Finance - 9 Biases That Can Impact Your Investments

In this video, we discuss 9 common behavioral finance biases that can impact investment decision-making. We cover herd mentality, confirmation... Understanding these biases can help protect your portfolio. We also provide tips on how to safeguard against emotional investing pitfalls like... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Irrevocable Trusts vs Special Needs Trusts - How They Work and Key Differences

Do you need an Irrevocable Trust? Do you need to establish a trust for a loved one with special needs? In this episode, we cover the basics of irrevocable trusts and special/supplemental needs trusts. We discuss how they work, who is involved, key... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Understanding Revocable and Testamentary Trusts: Pros and Cons Explained

Do revocable and testamentary trusts seem complicated to you? Just like building a fence around your home, establishing a trust can protect your assets, but it comes with trade-offs. In this discussion, we... Spencer and Austin explain how a revocable trust provides flexibility, helps avoid probate, and maintains privacy. They discuss testamentary trusts, which allow you to plan for beneficiaries beyond your lifetime but require probate and lack flexibility. Discover key insights into the differences between these trusts, their tax implications, and the critical errors people often make when setting... Additionally, we explore how trusts can benefit charitable organizations and individuals with special needs. Remember, when it comes to estate planning, consult a qualified estate planning attorney for personalized advice. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

State of the Market Update: October 2023

Welcome to our latest update on the capital markets and the economy! In this video, Spencer discusses the key highlights and trends from Q3 2023. The third quarter brought unexpected economic growth and low unemployment rates, defying earlier predictions. We explore the impact of rising inflation and the Federal Reserve's response. Discover how inflation influenced both stocks and bonds, affecting their performance. Diversification remains a valuable strategy in uncertain times. If you have any questions or want to discuss further, feel free to reach out to us. Stay tuned for more updates! This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Understanding Powers of Attorney and Living Wills

Join us in this informative conversation as we unpack powers of attorney and living wills. Discover how these crucial legal documents can empower... Learn about the roles, responsibilities, and limitations of agents, when trusts can make sense, and the nuances of creating a living will. Don't... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Navigating Medicare Advantage Plans: Pros, Cons, and Considerations

Join us for the last episode in the health care financial planning series with expert Zach Cole. In this video, we discuss Medicare Advantage plans. Discover the benefits and potential drawbacks of these plans and learn how to determine if they are the right fit for your healthcare needs. We... Whether you're approaching retirement or just exploring your Medicare options, this conversation is packed with valuable insights to help you make... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Understanding Medicare Options: Parts A, B, and D Explained

Are you nearing retirement and wondering about your Medicare options? Zach Cole, an expert in Healthcare Financial planning, and Spencer discuss... Learn how to make the best choices for your healthcare needs as you approach retirement. Stay tuned for the final video in our healthcare planning... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Non-Employer Health Insurance Options Before Medicare: COBRA, Marketplace, and Private Insurance

What happens when you lose your health insurance coverage and you are not Medicare eligible? Continuing our Health Insurance month, Spencer discusses health insurance options outside of employer sponsored plans with Zach Cole, a health care... COBRA, marketplace plans, and private insurance are all options when transitioning between jobs or losing employer health coverage. Learn more... Key Takeaway 1: COBRA continues your current employer health insurance, but you pay the full premium cost plus a 2% fee. It allows you to keep your... Key Takeaway 2: Marketplace plans have income-based subsidies and are ACA-compliant, but provider networks vary. Shop plans and networks during... Key Takeaway 3: Individual plans from private insurers can fill gaps, but may not offer subsidies. Make sure providers are in-network before... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Navigating Employee Health Insurance: Insights from Brian Tolbert

Join us as we continue our interview with Brian Tolbert, a benefits practice leader at Gallagher. Brian shares valuable insights on understanding... Learn about enrollment periods, plan choices, family coverage, Medicare considerations, and more to make informed decisions about your healthcare... Whether you're a new employee, nearing retirement, or looking to optimize your benefits, this conversation provides essential guidance to navigate... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Health Insurance Plans and Benefits: Expert Insights for Employers

Join us for a discussion about the employer-sponsored health insurance marketplace. Spencer interviews Brian Tolbert an expert in the realm of... Brian, a benefits practice leader at Gallagher, delves into the unique considerations employers face when selecting benefits plans. Discover the... Learn how larger employers can get creative with self-funding and gain insight into the factors that influence premium pricing. Additionally,... If you're an employer navigating the complex landscape of health care plans, or an employee seeking to understand the choices available, this video... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Navigating Education Savings: Strategies for Planning for College

The world of education savings is nuanced and complex. This video builds on our last few about college savings and explores various scenarios to... What happens when unexpected events, like receiving an inheritance or a child pursuing unconventional career paths, impact education savings? Using three hypothetical families as examples, Spencer and Austin discuss unique circumstances and how to leverage 529 plans, Roth IRAs, and... They also share practical strategies for achieving your education savings objectives. Join us for an engaging discussion on optimizing your... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Exploring College Savings Options: 529 Plans, Roth IRAs, and Non-Qualified Accounts

Join Spencer and Austin as they delve into the world of college savings strategies. Discover the pros and cons of 529 plans, Roth IRAs, and... Learn how each option works, including their tax benefits, flexibility, and potential drawbacks. Whether you're a parent, grandparent, or guardian,... Don't miss out on expert advice that could shape your family's financial future. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Demystifying the FAFSA: College Financial Aid Explained with Jeanette Rojas (Part 2)

NOTE FOR 2023 ONLY: The FAFSA will open in December 2023 due to a new timeline from the Department of Education. It will return to its October... UPDATES SINCE RECORDING: Families with an Adjust Gross Income (AGI) over $60,000 who own farms or small businesses with fewer than 100 employees... Join Spencer, Austin, and special guest Jeanette Rojas as they delve into the intricacies of the FAFSA (Free Application for Federal Student Aid)... Jeanette shares valuable insights on creative ways grandparents can support their grandkids' education, strategies for using Roth IRAs and 529... Discover key tips to optimize college affordability and ensure a smooth transition from high school to higher education. Don't miss this... Learn more about Jeanette College Cost Estimator This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Understanding FAFSA & Financial Aid for College - Interview with Jeanette Rojas (Part 1)

NOTE FOR 2023 ONLY: The FAFSA will open in December 2023 due to a new timeline from the Department of Education. It will return to its October... UPDATES SINCE RECORDING: Families with an Adjust Gross Income (AGI) over $60,000 who own farms or small businesses with fewer than 100 employees... Austin and Spencer talk with special guest Jeanette Rojas, an expert in understanding the Free Application for Federal Student Aid (FAFSA) and its... They cover topics like Pell Grants, subsidized and unsubsidized loans, and how to list college choices on the form. Learn valuable information to... Tune in next week to watch the second part for in-depth scenarios and senior year timeline. Jeanette's Website This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Are we headed for a recession? State of the Markets from July 2023

State of the Markets webinar from July 2023. We discuss whether or not we are headed for a recession, the stock market and bond market returns, and... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Cybersecurity Basics: 3 Steps you can take before it's too late!

When considering protecting your identity online, you want to focus on what you can control. There are many things on the internet that we can... Your Social Security number is on sale on the dark web for less than $5. You can spend hours trying to figure out how and why that happened, or you... Learn about software and hardware vulnerabilities, multifactor authentication, and freezing your credit score. Doing these things will make you... Helpful Resources: Freezing Your CreditPersonal cybersecurity first stepsCost to buy a new identity This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Can a bad password ruin your financial goals?

Trying to track all of our passwords in daily life can be a challenge. Without a solid system, it’s a little like trying to remember three... Unless we have a secure system, we are in danger of either forgetting the passwords or making them all similar or scribbling them down in a panic... In this video, we cover choosing strong passwords, securing home internet, and password management tools. Though each of the items that we cover is... What next steps will you take today? Test your password This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Does it matter what types of investments are in your accounts?

Asset location optimization is an investment concept that considers which types of investments are the most efficient based on the type of account... When we think about asset location optimization, we consider the potential return on investment and the tax treatment of the asset in a... Join us as we discuss asset location optimization. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Considering a withdraw from your retirement accounts? Watch this first!

When you need to take a distribution from your investment accounts there are a lot of factors to consider. What are your long-term goals for this... There are some strategies that work in many circumstances, but if you are not careful, then following a traditional distribution plan could cost... Join us as we discuss distribution strategies. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Does an ESG screen really accomplish your goals?

ESG screens on a portfolio are the topic of a lot of discussion in the news media. ESG stands for Environmental, Social, and Governance. These are... While ESG investing can seem enticing, there are some drawbacks and flaws with the ways that companies are scored and therefore screened. Before... One ESG screen that we think is vital is a genocide-free screen. You can learn more about this screen by visiting Investors Against Genocide’s... Join us as we discuss ESG screening. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Bond Investing: Don’t Overlook These 3 Important Factors

Did you feel shocked when you looked at your bond investments in 2022? You were not alone! Interest rates rose substantially, which caused prices... Bonds, like stocks, have factors that affect their returns. Investors need to consider credit quality, term, and liquidity when purchasing fixed... Central to bond investments is that investors are lenders. Therefore, they expect to receive their investment back with interest paid in addition.... Join us as we explore the factors that affect bond returns. Other Videos Referenced in this episode: An Overview of Equity and Fixed Income SecuritiesConsiderations of Risks When Investing This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Factor Investing Explained: The Data Behind Small, Value, and Profitability

Digging deeper into the data on equity factors can help understand why certain companies have tended to outperform other companies. Past... Over the last nearly 100 years small companies and value companies have outperformed their large and growth counterparts. However, this has not... Join us as we discuss the data behind the equity factors of size, value, and profitability. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Factor Investing: 3 Equity Factors You Need to Consider

How do you feel when you see that your accounts have lost their value? Most people are not excited when they see their investments go down.... Statistics show that trying to time the market will lead most people most of the time to poorer results compared to an index. Rather than trying to... Company size, value, and profitability have helped investors in the past, however there is no promise that they will into the future. Join us as we... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

3 life insurance types, and how to decide if you need it.

What are the different life insurance types? Do I need life insurance? These are questions that clients regularly ask us. Throughout peak earning years, many people want to ensure that their loved ones will have resources should they pass away unexpectedly. Life... However, as people age, the probability of their death increases. Similarly, if they have been saving diligently, the sum of money that would be... Join us as we explore term, whole, and universal life insurance. If you have questions, schedule a phone call and we would love to discuss your... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Are your beneficiary designations giving more to the IRS than you expect?

Do you want to leave the IRS a tip when you die? Not many people do, but if you do not carefully consider the beneficiary designations on your... Whether you use Roth IRAs, pre-tax accounts such as Traditional IRAs or 401(k)s, or non-qualified accounts, you need to consider the current and... It is important that you regularly review beneficiary designations to ensure that your desires for those resources are met. In this video we walk... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Your Top 3 Estate Planning Documents Explained (do not put these off!)

Not many people like to think about their mortality. However, ensuring that you have the proper documents in place before you die will help your... Your will, powers of attorney for financial matters, and advanced directives for medical care are three of the most important estate planning... Join us as we overview these documents and talk through some considerations to discuss with your estate planning attorney. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Ask these three estate planning questions for the benefit of the next generation

Common estate planning in the United States typically suggests leaving everything first to a spouse, then to children. If you are unmarried and... However, estate planning can be more nuanced than that. Consider these important questions when you are designing your estate plan: 1. Who will get the resources? 2. How much is enough for them? 3. Are they prepared to receive the resources? These three questions provide people an starting place for planning their estate. Once you have considered these three questions, then you can... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Your Top Tennessee Probate Questions Answered

Do you have questions about what happens to your estate after you die? No one likes to dwell too long on their mortality. However, it is important to think through the steps you can take today to make settling your... As you, or your loved ones, approach life expectancy understanding the probate process is important. While we cannot answer all of your Tennessee... Utilizing beneficiary designations, operation of law titling, or trusts can help clients avoid probate. However, some assets might have to move... It is important to know that the probate process is state specific. In this video, we will look at the state of Tennessee's probate process. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Umbrella Insurance: Cost Effective and NECESSARY. Here's why + how much you need.

You may find yourself asking, "Do I need umbrella insurance?" Choosing the right insurance coverage is important throughout all of life. Umbrella insurance is one of the more valuable types of insurance that... For a few hundred dollars per year, you can add personal liability coverage on top of your current home and automobile coverage. This can be... Take a few minutes to learn about umbrella insurance and the benefits that it value that it can add to your financial stability. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Are you making these 3 common home and auto insurance mistakes?

Insurance is one way to protect you financially if your home or automobile is damaged in an accident. Your coverage is one policy among a group of... Join us as we explore three common mistakes that people make when purchasing and maintaining auto and homeowners insurance. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Are you 70.5? Here's how to make charitable contributions from an IRA

If you have a Traditional IRA, are at least 70.5 years old, and want to give charitably, then a Qualified Charitable Distribution, or QCD, could be... By making QCDs you can give directly to charitable institutions from your IRA without recognizing the income. This is one way that we serve clients... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

3 Tactics Keep Your Medicare Surcharges As Low As Possible (or avoid them altogether)

The income related Medicare adjustment amount, or IRMAA, is difficult to understand and sometimes even more difficult to avoid. When you are... Those surcharges can be very punitive if you enter those brackets. At Retirement Planning services we want to help you build a financial plan that... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

How much of your Social Security income is taxable?

When do you have to pay taxes on Social Security? It depends on a myriad of factors, but in today’s video we lay out three scenarios that will help illustrate how Social Security works. Plus, we’ll offer some advice that may help reduce taxation. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Ordinary Income Tax Bracket Overview

A progressive tax system like we have in the United States can make it complicated to know how much you will owe when it comes time to pay taxes.... Join us as we overview the US ordinary income tax brackets, and hopefully clear some of your confusion on the tax brackets. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Capital Gains Tax Brackets Overview

Capital gains have a different tax treatment than ordinary income taxes. These gains can be long-term or short-term, harvested or unharvested. This... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

What factors do I need to consider when allocating my portfolio?

Knowing what stocks and bonds are is a helpful starting place when investing. However, determining the allocation of a portfolio is more complex.... One of those is years of fixed income distributions. We work with clients to determine their specific allocation to fit their goals. As clients... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Considerations of Risks When Investing

Understanding the risks of volatility and inflation is crucial to making investment decisions. Long-term investors need to be willing to withstand... Learn more about the risks of investing and how each of these asset classes have been vulnerable to, or protective against, these common investment... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

An Overview of Equity and Fixed Income Securities

Knowing the difference between equity and fixed income securities can be confusing. Each type of investment plays a unique role within a portfolio.... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

What is the Capital Positioning Model?

When you have an opportunity to save, there are lots of types of savings accounts that you can utilize. When working with clients, we will... Learn more about where you could save any additional cash that you have on hand and one way you can prioritize that with the Capital Positioning... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Investment Accounts Need to Match Investment Goals

Choosing which retirement vehicle to utilize can be as tedious as purchasing a car, which for many people can be a very stressful ordeal. When deciding which retirement vehicle to use, you have to consider your current tax situation, cash needs, alternative uses for the money, what... Join us as we explore different retirement savings vehicles that you can utilize, and some intricacies of each type. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

An Overview of Social Security Benefits

Citizens of the United States have enjoyed benefits from Social Security for close to 100 years. Learn about the basics of Social Security, who can... If you want to learn more about the intricacies of the funding of Social Security, you can watch our webinar from October 2022 to learn more! Filing Strategies based on Marital Status: Individuals - https://youtu.be/BqJ0eUidE7cMarried Couples - https://youtu.be/7v-eyCx00QkDivorced - https://youtu.be/fDchwWhm5MwWidow(er) -... This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

State of the Markets from January 2023

Seasons are a natural part of our environment. Autumn follows summer, which follows spring, which follows winter. Every year, we have learned to... From an investment perspective, 2022 felt like winter in many ways. Stocks and bonds both lost value, but there seems to be hope on the horizon. Listen in as we explore an overall review of the markets in 2022 as well as some economic indicators that are encouraging. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

How do Spending and Income Needs Change in Retirement?

Knowing that you have enough money to live and give throughout your lifetime can be daunting as you near retirement. You want to feel confident... Learn a bit more about how income and spending can change when work ends and how that can affect your financial plan. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

Visualizing the Trajectory of Retirement Assets

Being able to see the trajectory of retirement assets is an important step in the financial planning process. At Retirement Planning Services, we... Learn more about the Curves of Retirement and how we think about the opportunities facing clients as they approach retirement. This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...

The Importance of Knowing Where You Are Going

For hundreds of years people have relied on accurate maps to know where they are in the world. Likewise, people need maps to help them know how to... Without this basic understanding we can become adrift in a sea of possibilities or begin searching for things that are unimportant. Join us as we... Envisioning Ideal Life Document This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor... Advisory services offered through Retirement Planning Services, LLC. The information in this article is intended for general educational and informational purposes only, and should not be construed as investment...