Something More with Chris Boyd

People may leave their financial advisor if they feel that goals are mismatched, there are excess or unexpected fees, and if communication and/or follow-up is poor. Make sure your advisor is a fiduciary, keeps your money at an insured 3 rd party custodian, and is transparent about fees.

Asset Management Resources (AMR) uses our Active Allocation approach to recognize what's happening in market and adjust based on a client's risk profile. During the first half of the year, AMR set up the investment portfolio to protect clients against inflation, while another part was setup for recovery. During inflation we took less interest rate risk on the bond portfolio, less beta in the equit...

Chris talks with Jeffrey Kleintop, CFA, Chief Global Investment Strategist & Managing Director with Charles Schwab about the state of the global economy, inflation, and the possibility of recession. What are the potential opportunities and risks with international exposure? Opportunities include recovery from recession and risks include geo-political concerns and weather. When it comes to investin...

Brian joins Chris and Jeff to talk about the current condition of the economy. The Federal Reserve made a decision to raise rates by a quarter point last week. Some question if it was necessary and that prior rate hikes need time to filter through the economy.   The CPI (Consumer Price Index) rate is at 3%. Core CPI is a little higher but coming down significantly – when housing is factored we cou...

So, you finally won the lottery. Avoid the common pitfalls of sudden wealth and take these steps to protect yourself: Secure your ticket – take a copy and place in a safety deposit box Hire good counsel – a financial advisor, CPA, and an estate lawyer  Set up a trust  Hire media representation Don't give it all away to charity or friends/family Have a plan figured out before you start spending Rec...

Medicare is a complex program and can sometimes be confusing. Susan Flanagan of Blue Cross Blue Shield of Massachusetts joins Chris and Jeff to break it down. If you are planning for retirement, you will definitely want to listen in. Susan answers these questions and more: What are the different parts of Medicare? Who is eligible for it? Do I need supplemental insurance? What if I'm still working...

Chris Fitzgerald, General Manager of the Falmouth Commodores joined Something More with Chris Boyd to talk about the Cape Cod Baseball League and the Commodores. The Cape Cod Baseball League (CCBL) is comprised of 10 teams. They play 44 games per season (June and July) and the top 4 in each division go to the playoffs.   1 in 6 MLB players played in the Cape Cod Baseball League. Each team recruits...

Jeff and Jeff review a BankRate.com survey (April 2023) about money and stress. 52% said money has a negative impact on their health and causes stress. 82% of the 52% say it's economic factors (e.g., inflation, interest rates, etc.) that are causing their stress. Middle generations are more stressed about money. Jeff Tomaneng attributes this to middle generations being homeowners and starting fami...

Jeff and Jeff discuss some of the top mistakes people make when planning for retirement from a MarketWatch article. They are:         Not planning for long-term care expenses. They suggest that this should be considered as part of a comprehensive financial plan that is developed well before the need arises.        Not accounting for Inflation over one's lifetime. Inflation is bound to happen. They...

Jeff hosts for Chris. He reviews some key financial indicators that recently came out: Consumer Price Index rate of inflation was less than anticipated Producer Price Index for June only Rose 110th of 1%. The unemployment rate is 3.6% in the United States, that means 66 million people who are looking for a job in the United States were not able to find a job. The labor participation rate is 62.6%...

Chris and Jeff discuss a CNBC article, "Don't be Fooled by Common Money Myths Financial Gurus Make". 1) Financial 'advice' always has your best interests at heart A fiduciary advisor has a legal duty to put your economic and financial interests ahead of their own. How one is compensated may flavor their interest. 2) You must pay for frequent credit report access "The Fair Credit Reporting Act give...

Doug MacDonald, President & CEO of Murray & MacDonald Insurance Services joins to discuss things you don't typically think about with property and casualty insurance. Doug suggests that your watercraft policy give you replacement cost coverage for partial damage. You should encourage everyone on your boat to wear a life vest and have an umbrella policy as an additional layer of liability. Your hom...

Chris and Jeff talk about books and podcasts – and the Something More with Chris Boyd podcast now available on YouTube! They discuss the latest IRS scam where unclaimed tax notices are being mailed on what appears to be IRS letterhead. People are asked to fill out their Social Security number, etc. and provide a copy their driver's license. Unfortunately, there are so many nefarious individuals ou...

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

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

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

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

In this episode, Chris talks with Ric Edelman, investor, author, and founder of Edelman Financial Engines about digital assets and blockchain. Ric also started a Digital Asset Council of Financial Professionals (DACFP), which provides courses and a certification on crypto.   Their conversation includes the difference between cryptocurrency and crypto assets. Ric feels that crypto should be conside...

A ttorney   F .  Keats  B oy d,  I I I ,  Pres i d en t  a t  the  L a w  O ffices  o f  B oy d  & B oy d,  P.C. , joins Chris. Keats reviews basic estate planning documents and when they are applicable. It's never to early to have a Healthcare Proxy, Power of Attorney, Will, Revocable Trust, and HIPPA Authorization in place to ensure your desires are carried out if you become incapable of doing s...

Chris and Jeff talk about the benefit of having life insurance at different stages of one's life. Life insurance can serve as a temporary tool to give one time to create the wealth that has not yet been created. How much life insurance you need should ideally be determined in the context of your financial plan. Most people purchase life insurance to pay off debt and create an income stream to supp...

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

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

May was Asian American and Pacific Islander Heritage Month and we celebrate Jeff Tomaneng, CFP®. Jeff is a first generation Filipino American and was recently recognized as a nationwide leader in the article " Amplifying 8 Asian-American Voices in Financial Planning". Jeff is a wealth manager at AMR and a co-host of the FPA Wicked Pissah Podcast, produced by the Financial Planning Association of N...

Scott Birmingham shares a survey (How well do people perceive their readiness for retirement?) by The Center for Retirement Research at Boston College. Roughly 20% of people interviewed are in bad shape for a secure financial retirement and know it, 40% are in good shape and know it, and 40% are not aware of how they are doing. Chris and Jeff, talk about the SEC injunction against Binance (cryptoc...

Kristen Mitchell-Hughes, Vice President of Tourism, from Cape Cod Chamber of Commerce joins Chris and Jeff. She shares what special events are planned for this summer season and the challenges the hospitality industry faces. Visit CapeCodChamber.org for a list of events. Mark Skala, President & CEO, Cape & Islands United Way talks with Chris and Jeff about the important mission that they provide t...