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The Money Knight

Business & Economics Podcasts

Financial and retirement guidance from CERTIFIED FINANCIAL PLANNER™ professional Wade Chessman, President, Wealth Advisor of Chessman Wealth Strategies in the Dallas, Texas area. Wade is the author of Giving Transforms You and hosts this podcast to help you better prepare for your financial future and to retire with financial confidence. Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. 7557 Rambler Road, Suite 1010, Dallas, TX 75231. 214-572-2120.

Financial and retirement guidance from CERTIFIED FINANCIAL PLANNER™ professional Wade Chessman, President, Wealth Advisor of Chessman Wealth Strategies in the Dallas, Texas area. Wade is the author of Giving Transforms You and hosts this podcast to help you better prepare for your financial future and to retire with financial confidence. Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. 7557 Rambler Road, Suite 1010, Dallas, TX 75231. 214-572-2120.

Location:

United States

Description:

Financial and retirement guidance from CERTIFIED FINANCIAL PLANNER™ professional Wade Chessman, President, Wealth Advisor of Chessman Wealth Strategies in the Dallas, Texas area. Wade is the author of Giving Transforms You and hosts this podcast to help you better prepare for your financial future and to retire with financial confidence. Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. 7557 Rambler Road, Suite 1010, Dallas, TX 75231. 214-572-2120.

Language:

English


Episodes

Ep 57: What Is a Fiduciary?

1/6/2022
You’ve probably heard the word fiduciary but what does it actually mean and what’s the importance of this title? A fiduciary has to put the needs of their clients before their own. They must operate with full transparency. Not all financial professionals are held to this standard, so it’s important to know whether your advisor is a fiduciary. On today’s episode, we’ll explore why it’s an important standard for you to consider when choosing a financial advisor. Wade will also answer two...

Duration:00:15:23

Ep 56: How Are Social Security Benefits Calculated

12/16/2021
Social security is one of the main pillars of retirement planning. However, many people do not realize how their benefit gets calculated. You need to have a plan when it comes to Social Security. Especially for a couple, maximizing your benefits is important. This can be a complicated topic, but we’ll discuss how they break up the percentages of your income and how inflation impacts these numbers on today’s show. Wade will also discuss the primary insurance amount and how you can track your...

Duration:00:14:10

Ep 55: Advisors that Drop the Ball

12/2/2021
We see a lot of people who aren’t getting the kind of advice and service from their financial advisor that they should be. So today, we will be discussing some general scenarios where your advisor may be dropping the ball. If your advisor is hyper-focusing on investments and not the details of your overall plan it may be time to rethink your relationship with them. They should be reviewing your taxes and how it plays into your overall retirement plan. An advisor should be transparent about...

Duration:00:12:13

Ep 54: Tax Planning Strategies

11/18/2021
Taxes may not be the most exciting conversation, but they are important! Today, we are talking about tax planning and why it’s important to retirement planning. Tax planning is part of our process and it’s not just something we do once a year. These strategies are important in keeping your overall plan efficient. We look at both the short-term and long-term strategies. As we reach the end of the year, we really want to think about tax planning. There are a lot of opportunities to maximize...

Duration:00:18:22

Ep 53: Why Core Values Matter with Jim Fite

11/4/2021
As our businesses grow it's important to stay true to our core values. On today’s episode, we are joined with Jim Fite to discuss his business Judge Fite Company and its growth through the Dallas, Texas area. Becoming an agent at 18 made him the youngest real estate agent in Texas history. Although college wasn’t for him, his father instilled the importance of continued education in him. This is something he continues to share with his team today. He soon bought his parent's business with...

Duration:00:31:57

Ep 52: Who Will Inherit The Mess?

10/21/2021
Estate planning is overwhelming, but it is a necessary part of our overall financial plan. Having a plan makes it a lot easier on our families when we pass away or become incapacitated. Continued communication is ideal, everyone involved in the plan needs to be on the same page. On today's episode, we are talking about Wade's recent seminar "Who Will Inherit the Mess?" and the key takeaways from his lecture about estate planning. What we discuss on this episode: 0:30 – Wade’s seminar on...

Duration:00:10:43

Ep 51: Financial Mistakes Couples Should Avoid

10/7/2021
We want couples to be on the same page when it comes to financial planning and retirement. Despite any individual differences it’s important to plan together for the success and growth of your retirement plan. You and your spouse should be on the same page when it comes to risk management and how you will spend your investment money once in retirement. Planning out your Pension and Social Security decisions will be essential to your plan. So, today we are going to be talking about some...

Duration:00:16:33

Ep 50: 5 Things You Need to Know About Decumulation and Retirement

9/16/2021
Financial planning often focuses on the accumulation of wealth. But what about spending after we retire? What happens when we get to the decumulation phase of retirement? Spending will eventually happen whether that comes in the form of taxes or something else. Having a plan will help mitigate seen and unforeseen financial risks that may occur after retirement. Replacing our paycheck may sound daunting, but having a plan will be an essential part of establishing a stable financial future. On...

Duration:00:22:08

Ep 49: What Makes Your Advisor Tick

9/2/2021
Your advisor will always be available to provide information and data about financial planning, but how much do you actually know about them beyond the financial plan you’re building? On this episode of the podcast, we’ll pull back the curtain a bit and let Wade share what matters most for him in this industry. From his influences to his frustrations, we’ll learn more about Wade today. What we discuss on this episode: 1:45 – School starting back 3:11 – Who influenced you early in...

Duration:00:18:19

Ep 48: Transforming Lives One Step At A Time with Wayne Walker

8/19/2021
Wayne Walker is the Founder and Executive Director of OurCalling. A nonprofit organization dedicated to aiding the homeless community by giving them the tools and resources to transform their lives. OurCalling recognizes homelessness as a symptom of a deeper problem. The organization not only offers a hot meal and bed, but therapy relating to trauma, substances, and abuse. Wayne shares his passion for the work he is doing and how God has aided him in this venture. About our guest:...

Duration:00:29:13

Ep 47: Helping School Districts & Ministries with Wes McDaniel

8/5/2021
Wes McDaniel is the Founder and Chief Executive Officer of Ideal Impact. Ideal Impact was founded for one purpose - to give back. Wes and his team of energy experts began working with Christian ministries in 2009 with the vision of reclaiming $1 Billion for these ministries to better accomplish their mission. Ideal Impact reached that goal. In 2015, Ideal Impact expanded their reach to Texas school districts and colleges with a new goal of $10 Billion for Christian ministry and education....

Duration:00:20:50

Ep 46: Do Retirees Really Need Life Insurance?

7/15/2021
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. What we discuss on this episode: 0:50 – How much do you work with life insurance? 2:16 – Why life insurance gets a bad rap? 3:40 – Determining whether you need life...

Duration:00:15:03

Ep 45: What is Tax Diversification?

7/1/2021
The word diversification gets used a lot in the financial planning world but it typically refers to investing. Today we want to explain how to apply diversification to tax planning and why it’s important to utilize each of the three buckets: taxable, tax-deferred, and tax-free. What we discuss on this episode: 0:32 – The concept of tax diversification 1:27 – The different buckets 6:10 – Balancing the three buckets 7:40 – Does tax strategy change over time? 8:50 – Mistakes that can be...

Duration:00:17:06

Ep 44: Building a Successful Consulting Business with Guest Jeff Wilson

6/17/2021
Today we speak with Jeff Wilson, Founder and CEO at Saxony Partners, someone Wade has known for more than 20 years. Wilson and his team at Saxony Partners have built a successful management and digital consulting firm through hard work and consistency. Find out his keys for starting a business, the highs and lows along the way, and how COVID created the toughest year yet. What we discuss on this episode: 1:05 – Background on Saxony Partners 4:49 – Jeff’s career before Saxony 12:18 –...

Duration:00:23:07

Ep 43: Retirement Planning for Business Owners

6/3/2021
Business owners may be particularly vulnerable to some misconceptions and false assumptions about their retirement. Let’s address a few of these issues on today’s show. Important Links: Chessman Wealth Website: https://www.chessmanwealth.com Call: 214-572-2120

Duration:00:09:53

Ep 42: Building Your Plan with Jud Mackrill

5/20/2021
Wade invites in long-time friend and the CEO Mile Marker, Jud Mackrill. They discuss how business owners need to build a plan and identity that both they and their workers can understand and buy into. They also discuss other common mistakes they see by business owners just starting out, and how Jud has grown as a business owner to his current position today. Important Links: Chessman Wealth Website: https://www.chessmanwealth.com Call: 214-572-2120

Duration:00:26:46

Ep 41: Financial Double-Edged Sword

5/6/2021
Many financial circumstances that you’ll find yourself in have both positive and negative aspects. Decisions that you can make have both good and bad consequences. Or as Sir Isaac Newton put it: ”For every action, there is an equal and opposite reaction.” Important Links: Chessman Wealth Website: https://www.chessmanwealth.com Call: 214-572-2120

Duration:00:12:53

Ep 40: Common Tax Planning Questions With Sean Phillips

4/26/2021
We invite a special guest from the Chessman Wealth office, Sean Phillips. Sean is the Vice President of Wealth Management and Wealth Advisor with a speciality in tax planning. We thought this would be a great time to have him on the show as you get ready to file your 2020 taxes. We cover some of the changes you need to be aware of and answer some common tax questions. Important Links: More Info About Sean: https://bit.ly/3sysJgL Chessman Wealth Website:...

Duration:00:15:27

Ep 39: Financial Fact Or Fiction

4/19/2021
Sometimes the easiest way to learn about something is make it really simple. Like some of the first true/false tests you might have taken in school, let’s play a round of fact or fiction to test your financial planning acuity. Important Links: Chessman Wealth Website: https://www.chessmanwealth.com Call: 214-572-2120

Duration:00:16:47

Ep 38: Are You Flirting With Disaster

4/8/2021
There’s no doubt that the world around us is chaotic and messy. However, this should not translate to your finances. Let’s talk about some of the areas of your financial life where you might be flirting with disaster and don’t even know it. Important Links: Chessman Wealth Website: https://www.chessmanwealth.com Call: 214-572-2120

Duration:00:15:18