Gen X Wealth Academy with Phil Telpner

On today's show, we want to explore the ways in which advisors are interacting with clients, how the pandemic has shifted things, and set some expectations for what's appropriate and effective. Book A Call With Phil :  https://bit.ly/31iOtBO Phone : (224) 616-2016 Email :  PT@BreakoutPrivateWealth.com

Most people, when trying to plan their retirement, have to guess about the answers to some important questions. Let's talk about some of those questions and why you need to have a better answer than just a guess. Book A Call With Phil :  https://bit.ly/31iOtBO Phone : (224) 616-2016 Email :  PT@BreakoutPrivateWealth.com

This USA Today article points out 3 murky issues that increase retirement planning's degree of difficulty, especially in today's economic climate. On this episode, we'll breakdown the article to see if it's worthwhile advice, if the murky issues are actually that threatening, and what you can do about all of it if you're concerned. USA Today Article: https://bit.ly/3vPHrFh Book A Call With Phil : ...

If you have kids, often they come up in the discussion when you're talking about your retirement plans. Let's talk about some of the ways those discussions play out, the role your advisor should play in navigating these conversations, and the overall impact on you and your family's financial goals. Book A Call With Phil :  https://bit.ly/31iOtBO Phone : (224) 616-2016 Email :  PT@BreakoutPrivateWe...

In football, teams are extra careful not to make a mistake when they get within about 20 yards of scoring points (known as the Red Zone). They've typically worked hard to get to that point and don't want to cost themselves by throwing an interception or fumbling the ball and giving it to the other team. On this episode, we'll explore the financial equivalent of the Red Zone and discuss how you can...

Fuh-Doo-she-air-ee. FIGH-Doooooooooo-sherry. Few people seem to be able to even pronounce this financial buzzword correctly, let alone define it and describe how it impacts their financial world. Today we'll learn how to pronounce the word and explore why it's an important standard for you to consider when choosing a financial advisor. Book A Call With Phil :  https://bit.ly/31iOtBO Phone : (224)...

You might not be able to follow through on all of these resolutions, but implement even just a few of these and you'll be well on your way to a more prosperous financial life in the coming year. Book A Call With Phil :  https://bit.ly/31iOtBO Phone : (224) 616-2016 Email :  PT@BreakoutPrivateWealth.com

It can be tempting to cut corners as you make your retirement plan - but those decisions can often turn into a huge inconvenience, if not an outright disaster. We'll go over some common ways people cut corners in their financial plan, and what you should be doing instead. Book A Call With Phil :  https://bit.ly/31iOtBO Phone : (224) 616-2016 Email :  PT@BreakoutPrivateWealth.com

We see a lot of people who aren't getting the kind of advice and service from their financial advisor that they should be. In a lot of cases, the advisor is only "managing the investments," but not providing guidance in other areas. Let's talk about some of the things that your advisor should be doing. Book A Call With Phil : https://bit.ly/31iOtBO Phone : (224) 616-2016 Email : PT@BreakoutPrivate...

Phil recently recently released a new book titled "Damages." This book focuses on personal injury attorneys and what the road of financial independence may look like for them specifically. Phil discusses what this book is all about on today's show. Book A Call With Phil : https://bit.ly/31iOtBO Phone : (224) 616-2016 Email : PT@BreakoutPrivateWealth.com

Have you heard someone say they're risk averse? Do you know what it really means in the context of the financial world? We'll explore this important buzzword on today's show and explain why it's so important to have a good grip on just how risk averse you are. Book A Call With Phil : https://bit.ly/31iOtBO Phone : (224) 616-2016 Email : PT@BreakoutPrivateWealth.com

If you've ever ridden the subway in London, you've probably seen the "Mind the Gap" signs warning you to be aware of the gap between the train door and the station platform. Let's talk today about what the behavior gap is and what you can do to address it. Book A Call With Phil : https://bit.ly/31iOtBO Phone : (224) 616-2016 Email : PT@BreakoutPrivateWealth.com

Depending on your answers, the questions we cover on today's show might raise red flags about your finances. Book A Call With Phil : https://bit.ly/31iOtBO Phone : (224) 616-2016 Email : PT@BreakoutPrivateWealth.com

It's time to peel back the curtain a little bit to learn about your financial advisor. Book A Call With Phil : https://bit.ly/31iOtBO Phone : (224) 616-2016 Email : PT@BreakoutPrivateWealth.com

Most people understand that a customized retirement plan is much better than a one-size-fits-all approach. And yet, most people don't have a plan that's truly customized. Let's talk about some of the things that need to be considered if you're going to build a truly customized plan. Book A Call With Phil : https://bit.ly/31iOtBO Phone : (224) 616-2016 Email : PT@BreakoutPrivateWealth.com

So much focus in the financial world revolves around accumulating money. There's all sorts of advice, "how to" guides, and guardrails in place when it comes to saving and investing, but a lot less resources out there to help retirees navigate the period of time after retirement. This is known as decumulation, the spending down and managing of the assets you've accumulated through your life. And on...

If you're of the age that your mom and dad retired 20 or 30 years ago, the world was a much different place when they walked away from their paychecks. Let's talk about how things are different now. Book A Call With Phil : https://bit.ly/31iOtBO Phone : (224) 616-2016 Email : PT@BreakoutPrivateWealth.com

Sometimes it's important to really breakdown a financial buzzword. Non-Correlated Income qualifies as a worthy concept to explore and something that every retiree and pre-retiree should understand. Book A Call With Phil : https://bit.ly/31iOtBO Phone : (224) 616-2016 Email : PT@BreakoutPrivateWealth.com

There are many more risks to guard against in retirement planning than most people realize. Let's explore some of the planning risks we all face and how to prepare for them. Book A Call With Phil : https://bit.ly/31iOtBO Phone : (224) 616-2016 Email : PT@BreakoutPrivateWealth.com

Ironically, life insurance is a young man's game. The perception among many people is that your need for life insurance dramatically decreases and perhaps becomes completely unnecessary as you age. Is that really the case? On this episode, let's explore some ins and outs of life insurance and its various uses. Book A Call With Phil : https://bit.ly/31iOtBO Phone : (224) 616-2016 Email : PT@Breakou...

It makes sense that the way we plan for retirement is largely influenced by what we think retirement is like or all about. So, let's take a look at how various people across the US describe retirement and see how that might shape the retirement planning process. Book A Call With Phil : https://bit.ly/31iOtBO Phone : (224) 616-2016 Email : PT@BreakoutPrivateWealth.com

As people, we all vary in who we are and what we want out of life. We all find our own purpose in this world and we want what is best in the context of our lives. That being said, our financial plan should also reflect these differences. It doesn't make sense to try and fit everybody into the same financial plan when our goals are different. Phil talks on some software he uses to make a customized...

Diving into the financial world can be daunting for average consumer. There are big name banks and firms that are notorious for serving clients as a salesman and not a financial advisor. Even though there are shady people in the industry, finding someone with your best interest in mind can be one of the best choices you make when it comes to your retirement plan. Phil talks about how he builds rel...