Life Isn’t Lived on a Spreadsheet

401(k)s are so much more than just a retirement savings account. They should be seen as your key to the future. In this release, Ryan Poterack dives deeper into the intricacies of 401(k) retirement accounts. He covers the benefits, such as employer matches, and limitations, like penalties for early withdrawal and limited investment options.  The conversation also touches on the differences between...

Not all conversations about money are going to be comfortable, especially the conversation about what happens to your assets after you pass away. This week, Ryan Poterack discusses the value of having conversations about money and estate planning early on in life. Ryan highlights the emotional aspects of these discussions and the role of a wealth manager in facilitating them.  This episode also co...

“How much and how do you get paid?” This can be an uncomfortable question to ask your current or prospective financial advisor. This week, Ryan Poterack discusses the importance of transparency in how financial advisors are compensated today. Ryan also explains different payment methods, such as commissions and fees, while emphasizing the need for this information to be accessible to consumers to...

We’ve talked about the good, the bad, and the limitations of traditional 401(k)s. Now, we’re tackling the process of turning that traditional IRA into a Roth IRA.  What does it take to do a Roth conversion, and is it right for you?  In this episode, Ryan Poterack discusses the benefits and process of converting a traditional IRA into a Roth IRA. He explains the tax implications of both types of IR...

“Your eyes are bigger than your belly.” Have you heard this saying? (You eat too much of something good and end up feeling not-so-good afterward!) Now, let’s apply it to our finances. Can we have too much money? How much is enough for retirement? In this episode, Ryan Poterack discusses the purpose of money, focusing on its role during retirement. Ryan explains why wealth accumulation is not about...

Like most things these days, inflation is getting politicized.  And the truth is that we all want a soft landing from it, regardless of who gets credit for it. This week, Ryan Poterack explores recent inflation, its impact on the economy, and its relationship with higher interest rates. He also sheds light on the history of inflation and its effect on various sectors, including healthcare and educ...

Making mistakes can be discouraging and even embarrassing at times. But the key to personal and professional growth lies in embracing mistakes! In this episode, Ryan Poterack helps you look past your mistakes and turn negative experiences into valuable life lessons. Ryan discusses:  The importance of personal responsibility and embracing mistakes (but not repeated mistakes!) How faith has helped h...

What’s the difference between tax preparation and tax planning? Believe it or not, knowing the difference can help you navigate (the often dreaded) tax season! In this episode, Ryan Poterack reveals why tax planning is a year-round process. He talks about the contrast between tax preparation and tax planning while emphasizing the value of taking proactive steps for your future tax years. Ryan disc...

When it comes to managing our finances, seeking support from a professional advisor can save us from many costly mistakes. In this episode, Ryan Poterack uncovers the importance of finding the right financial professional and the concept of comprehensive planning. Ryan stresses the value of gathering quantitative and qualitative information from clients while providing them with a holistic view of...

We often make financial decisions based on our biases and life experiences. Would you agree? In this episode, Ryan Poterack highlights the importance of understanding our relationship with money and emphasizes the need to question societal expectations and consider alternative perspectives when it comes to financial strategies.  Ryan also shares his approach to uncovering biases and gut reactions...

It’s no secret that there’s a strong connection between psychology and finances. In this episode, Ryan Poterack explains how Poterack Capital Advisory has evolved since he initially built the company. He highlights PCA’s unique aspects, such as being a virtual firm, its thorough discovery process, and its approach to holistic and comprehensive planning. Ryan also sheds light on the steps his firm...

It’s time to stop living your life through spreadsheets and s tatic plans and start focusing on what really matters. Introducing Life Isn’t Lived On a Spreadsheet with your host, Ryan Poterack from Poterack Capital Advisory In the inaugural episode, Ryan sheds light on his career in financial services, his passion for helping individuals and families navigate the transition into retirement, and hi...

Welcome to Life Isn’t Lived on a Spreadsheet with Ryan Poterack from Poterack Capital Advisory. You have unique values, objectives, fears, life experiences, and biases. Any financial professional who ignores or minimizes the importance of “your story” may not be able to help you achieve your ideal outcomes or hit your goals. It’s time to experience the PCA difference! In this podcast,...