The Life By Design Podcast

There is never a perfect time to start, so why not start now? In today’s episode, Royal Standley of Oregon Pacific Financial Advisors shares his experience on setting goals. Whether you are looking to set short-term or long-term goals Royal explains ways to implement goal setting tactics into your financial life, career, family or health. In this episode, you will learn: Why Royal believes goal se...

Royal Standley introduces us to Emma Nelson, Associate Financial Planner, at Oregon Pacific Financial Advisors, Inc.  In this episode Royal and Emma share how she entered into financial services and why she enjoys helping people build the financial resources to live their lives to the fullest. Emma also discusses her passion projects, favorite winter activities, her financial philosophy, and plent...

A coach is somebody that’s in it with you, for you and looking out for your best interests. In today’s episode Royal Standley introduces us to James Monroe, Financial Planner and Retirement Plan Specialist, who joined the team at Oregon Pacific Financial Advisors in March 2019. James shares how he got into financial services, what brought him to Oregon, the community projects he is pas...

We don’t know where or when the next natural disaster is going to take place.  In today’s episode Royal Standley shares what it looks like for clients who have lost everything in the Oregon fires.  Royal helps explain the replacement coverage you need from your insurance policy and things you can do to try and help prepare for the next event. In this episode, you will learn: How import...

Are you looking for the answers to your questions on Roth 401(k)? Join Royal as he unravels the information to help you understand your retirement savings. In this episode, Royal Standley explains the differences between IRAs and Roth IRAs. Should you look at converting? Royal helps explain the different types of money and your options. You will learn: The differences between a Roth, 401K  and IRA...

Election time is coming fast. How will the outcome of the 2020 U.S. election affect the market and your portfolio? In this episode, Royal Standley explains how the market typically reacts to a newly elected president and throughout a presidential term. Royal discusses what we saw with the markets during President Donald Trump’s term and what to consider, from an economic and financial perspective,...

So, you’ve landed your first job, you get your first paycheck, now what do you do with your money? How do you set yourself up for financial success? In this episode, Royal Standley discusses the importance of setting yourself up for success by setting habits and taking early steps for a financially secure life.  In this episode, you will learn: What to discuss with your advisor if you’ve just ente...

A lot of people are planning to retire in 2020. Maybe you’re one of them. In light of COVID-19, would it be better for you to semi-retire, postpone it completely, or go ahead and retire full time? In this episode, Royal Standley helps you plan for your next move during this global pandemic. He walks you through retirement options and explains how to evaluate your financial situation so you can mak...

If you’re ready to move from learning about 401(k) basics to seriously considering how you will structure your business’s retirement plan, this episode is for you. In this episode, Royal Standley shares what business owners need to know when they’re evaluating a retirement plan for their business. Royal walks you through the roles that go into a 401(k), underlying investment options for employees,...

Are you a business owner or a plan sponsor that’s looking to set up a retirement plan? In this episode of Life By Design Podcast, Royal Standley dives deep into the different retirement plan options and shares the key features of each. In this episode, you will learn: The three types of 401(k)s and how they each work The difference between a defined contribution and a defined benefit plan Th...

Are you curious about financial advisors and how they can help you? Do you know how to tell if you need one — and how to find the right one? These are just a few questions that Royal Standley receives on a regular basis by new and prospective clients alike. Today, Royal is sitting down to answer some of these frequently asked questions, all the while highlighting the importance of working with an...

Do you think COVID-19 will change the way the world functions technologically, socially, financially or economically?  In this episode of The Life by Design Podcast, Royal Standley shares his tips for financial recovery so that you can be prepared for whatever the new “normal” may look like.   In this episode, you will learn: How to plan to recover from the current state of the market How business...

How has your financial plan been affected by the recent downturn in the market?  In this episode of The Life by Design Podcast, Royal Standley suggests how to plan and prepare for times when the market is experiencing decline.  In this episode, you will learn: Various potential reasons for an economic decline  How to separate emotions and finances What capitulation is and why you should selling wh...

In response to the COVID-19 pandemic, the American government has recently passed the CARES Act that will allow millions of people to access different benefits during this challenging time.  In this episode, Royal Standley breaks down the different types of government assistance that Americans will now have access to, spanning from unemployment and student loan considerations to an extended tax fi...

In this special episode, we share updates on how we are responding to the COVID-19 situation, how we’re assisting our clients, and what actions we’re advising investors to take during this time of uncertainty.  Tune in now to learn how the markets are being affected and what we’re doing to help clients during this tumultuous time. Resources: Oregon Pacific Financial Advisors Inc. Discussions in th...

Do you have the right type of insurance plan and amount of coverage for your family’s needs? In this episode, Royal Standley and James Monroe of Oregon Pacific Financial Advisors walk you through different life insurance policies. This down-to-earth conversation is all about helping you figure out which policy will give you the coverage you need to maintain you and your family’s lifestyle.  In thi...

Reaching the 25-year mark is a tremendous feat for a small business. The silver anniversary of Oregon Pacific Advisors calls for a celebration!   In today’s episode, Royal Standley walks down memory lane as he talks about the story of Oregon Pacific Advisors, the secrets behind their staying power, and how he predicts each generation’s planning needs will change over the next 25 years.   In this e...

The term “guaranteed income” sounds stuffy. But what this mini-series is really focused on is helping you consider your options for recreating your paycheck during retirement.   In the final part of this series, Royal Standley walks you through more options for guaranteed retirement income. You will learn about money-savings pension tips, the pros and cons of different annuities, and plenty more! ...

Your retirement will be made up of many different pieces from social security to 401(k)s and everything in between.  Do you know how to fit them all together to make it work best for you? In this episode, Royal Standley educates us on the many variables involved with solving the retirement puzzle.  Using client examples he walks us through how your career choices may impact your long term plans an...

The recently approved SECURE Act has brought significant changes to the retirement system in the U.S. It’s time to explore these changes and discuss your new planning opportunities.  In this episode, Royal Standley cracks open the SECURE Act to explain what changes are in effect and what they might mean for your retirement plan.   In this episode, you’ll learn:  How the death of the stretch IRA wi...

Have you ever considered writing a legacy letter for your loved ones?  In this episode, Royal Standley shares client examples and his own personal example of how a meaningful legacy letter can add heartfelt value to an estate plan. After all, passing along words of appreciation, thoughts, and intentions to your loved ones will stay with them a lot longer than any amount of money ever will. In this...

When planning for retirement, the conversations you have with your advisor may focus only on the financial side of this new life stage. Sometimes, advisors fail to communicate that there is also an emotional side of retirement that can be challenging for some people. In this episode, Royal Standley helps you remove some of the uncertainty around this subject, and he discusses general challenges th...

There are many reasons why people start planning for retirement later in life, but what they may not realize is that achieving financial stability is still possible. In this episode, Royal Standley explains what people in this particular situation can do to gain financial stability and help get them on the best possible path forward. In this episode, you’ll learn: Which resource could be the bigge...

Graduating from college is usually an exciting time for young people, but trying to figure out the next step can feel daunting. In this episode, Royal Standley shares useful tips on how recent graduates can lay the right foundation early on. He discusses paying back student loans, whether to rent or buy, emergency funds, and more. In this episode, you’ll learn: The benefits and importance of explo...

Knowing your team is fundamental to achieving success. In this episode of Life By Design Podcast, we meet Ron Naumann, who has been an advisor at Oregon Pacific for 18 years. Ron has taken his professional life on a path he never expected: He went from working as a manufacturing engineer to becoming an accomplished financial advisor. What inspired Ron to become a financial advisor? In this episode...