Financial Breakaway: Your Clear Path to Retirement

If you hear “Thematic Investing” these days it’s usually followed up by other terms like “innovation, disruption, next-gen, etc, etc”.  Is that all Thematic investing is or is there more to the story?  Media talks about it all day, some good talking points some bad; but why?  Does this concept have a place in investment portfolios or is it just a buzzword of this point in time?  I set out to answe...

This episode will be a continuation from my previous episode on the S&P 500 Index.  Here I’m going to talk about the Dow 30 Index and how I also see a lot of misunderstanding about this index or just plain wrong understanding of it.   I'll talk about how it actually works and throw in a little history about it as well.   Then I really get into how the Dow 30 has become the headline of most news ou...

I am quite passionate about this topic as it starts to get to the root of my overall investment philosophy.  When you go about building an investment portfolio there are basically two conflicting concepts of how to do that  “indexing vs active management” and I'm here to say that S&P 500 index funds are NOT diversified like most people think because of how the index is actually calculated.  In thi...

In this episode I want to take a step back to the basics of investing and remember why we invest.  A lot of times I see people get hung up on trying to figure out the best stock, the best ETF, the best mutual fund or the best investment strategy...you name it...which are all important but I see people fail to really grasp what you actually are doing when you invest and why you do it?  And the answ...

The Mega Backdoor Roth is a special type of 401(k) saving strategy used by people with higher incomes to get nearly triple the amount of funds into their 401(k), while converting a good portion of them to Roth right away.  This little-known strategy works under very particular circumstances for people with plenty of extra money they would like to stash in Roth.   Show Notes: Jane is 45 years old,...

It’s no secret that the Roth IRA is my favorite account for retirement planning.  The ability to have tax-free growth over a long period of time coupled with tax free withdrawals in retirement is a thing of beauty.  Not to mention the other numerous benefit’s it has.  However, for all those benefits of the Roth IRA there is a catch, if you make too much money the IRS says you cannot contribute to...

The big question this year in 2021, is "should I sell my winners? " 2020 was a crazy year in the markets and some stocks saw some out of this world gains.  Some are up double, triple, or even more than that.  Therefore, if you have some of these winners I don’t have to tell you that thoughts start to creep into your mind like, "can it keep going up?"  "Is it going to go down now?" "Should I hold?"...

This episode was recorded after one of the most bizarre weeks in the investment world I have ever seen.  Unless you were living under a rock, We all just witnessed the meteoric rise of Game Stop stock and a few others such as AMC, Black Berry, Nokia, and even a local company in Milwaukee here where I live, named Koss Corp…This rise was different in that a reddit page called WallStreetBets was the...

In this episode I give you some more info about Financial Breakaway and what that really means to me.  In my process of helping clients I spend extra time with them so they can reach their “breakaway moment.”  In ice hockey there is a moment in which a player with the puck has no defending players, except for the goaltender, between themselves and the opposing goal, leaving them free to skate in a...

Your credit score affects your ability to get a loan, a job, housing, insurance, and more. But not a lot of us know what actually goes into your score and what can help increase it.  In this episode I talk about the factors that affect your credit score and some tricks that can help you boost it.  Please visit www.rhitch.com/resources for more information on HSA‘s.

The Health Savings Account (HSA) is a very flexible and important tool that can be utilized in one’s financial plan for not only health care expenses, but for taxes and long-term financial planning too.     Please visit www.rhitch.com/resources for more information on HSA's.   Ryan Hitchcock Financial Planner   Direct: 414-253-4611 rhitchcock@highpointcaptialgroup.com   Investing involves risk inc...

Dividends can be a great piece to an investment portfolio as they can add a layer of diversification.  They can allow an investor to receive income or add more shares through reinvestment.  However, just because a company issues a dividend doesn’t mean that they are a good investment.  As I explain in this episode, the simple process of issuing a dividend can & often does affect the stock price. ...

The SECURE Act, or “Setting Every Community Up for Retirement Enhancement Act,” offers several major adjustments to how we save, prepare for and enjoy retirement.  Overall, this legislation will have substantive repercussions for individuals planning for their financial futures.   Please visit www.rhitch.com for more information.   Sources: https://www.congress.gov/bill/116th-congress/house-bill/1...

In response to the COVID-19 global pandemic, the US Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion emergency fiscal stimulus package, in order to help ease the damaging effects it has had on the economy. The President signed it into law March 27th, 2020. Here are the five items of the bill I see most important to the everyday person and my clients: 1)...

Real-world conversations about personal financial topics.  Inspired by the fact that financial planning, investing, insurance, retirement, buying a house, having a child, work benefits, or any other situation that involves your money are all scary topics.  This podcast aims to demystify those topics.