BFP University: Mind Your Money

Business & Economics Podcasts

The BFP University: Mind Your Money Podcast is an extension of the great education and conversation the Bradshaw Financial Planning team has always believed in. This show will extend the kinds of financial and retirement planning topics we've covered over the years in our video series and blogs with the added ability to highlight and elevate some of the top business owners and leaders in and around Salisbury, NC. Your hosts are Trent Bradshaw and Brandon Rogers of Bradshaw Financial Planning. If you would like to be a guest or ask Trent and Brandon a question, please reach out. Email office@bradshawfp.com or call 704-216-2260.

The BFP University: Mind Your Money Podcast is an extension of the great education and conversation the Bradshaw Financial Planning team has always believed in. This show will extend the kinds of financial and retirement planning topics we've covered over the years in our video series and blogs with the added ability to highlight and elevate some of the top business owners and leaders in and around Salisbury, NC. Your hosts are Trent Bradshaw and Brandon Rogers of Bradshaw Financial Planning. If you would like to be a guest or ask Trent and Brandon a question, please reach out. Email office@bradshawfp.com or call 704-216-2260.

Location:

United States

Genres:

Business & Economics Podcasts

Description:

Language:

English

Website:

https://bfpuniversity.libsyn.com/

Email:

walter@thirdwheelmedia.com

Episodes

Ep 33: Mailbag – Inheritance, Market Growth, and More

7/21/2022

We are opening up the mailbag on today’s show to answer some questions from our clients and our listeners. We’ll explore inheritances, meeting new advisors, and much more. (0:56)(2:49)(5:04)(8:37)(10:22)(12:00) Contact: Website: http://bradshawfp.com Email: office@bradshawfp.com Call: 704-216-2260

Duration:00:16:10

Ep 32: Picking Sides on Common Financial Debates

7/7/2022

There are a lot of financial debates and questions out there. Should you always pay off the house as soon as you can or take the mortgage payment into retirement? Some of us assume you don’t need life insurance once you’re in retirement, but is this true? To every question, there’s an emotional and logical reaction and we’ll explore each side of these debates with Trent and Brandon today. Which side of the aisle do they agree with? Key Points: 0:27 – Should you pay the house off as soon...

Duration:00:18:41

Ep 31: Retirement Ain’t What it Used to Be

6/16/2022

In some ways, retirement planning is easier than it used to be and in other ways, it’s a lot more complicated. The one thing we can all agree on though is that retirement ain’t what it used to be. Pensions are very rare now, with most people relying on Social Security as their main retirement income bucket. People are living longer and longer, meaning our plans have to be prepared for longevity and long-term care issues. On today’s episode, we’ll break down the various ways retirement...

Duration:00:13:33

Ep 30: Investor Beware: Spotting Red Flags When Working With an Advisor

6/1/2022

What red flags do you need to be aware of when it comes to working with an advisor? There are a lot of professionals out there, with different names and designations. So, it’s important to work with a qualified and experienced professional you are comfortable with. On today’s episode, we’ll break down some common red flags we’ve seen throughout the industry. From predicting the stock market to using too much financial jargon, which flags have you seen? After today’s episode, you’ll have the...

Duration:00:11:12

Ep 29: Tax Consequences on Various Retirement Accounts

4/21/2022

When saving for retirement there are various tools and vehicles you can invest your money in. Some come with a tax bill now while others will come later. With tax-deferred accounts like a 401(k) or IRA, you pay your taxes later and save now. In contrast, with a Roth IRA, you don’t have to worry about tax brackets going up because you can withdraw in retirement tax-free. While there is equity exposure for these accounts you can still leverage how you diversify your savings to have a...

Duration:00:18:30

Ep 28: Customization is King

4/7/2022

Most people realize that a customized retirement plan is much better than a one size fits all approach and yet, most of us don’t have a truly customized plan. The age you retire is unique to your situation. Maybe you have to wait for Medicare to kick in or perhaps you really enjoy your job and want to work part-time. Once you are actually in retirement what do you want it to look like? If you want to travel or relocate, you’ll need more income than someone planning to stay home. On today’s...

Duration:00:16:54

Ep 27: Who Even Needs a Financial Advisor?

3/24/2022

Some people think they’ll save money doing their financial plan on their own. Others like the challenge or maybe you just don’t know who to trust. So, on today’s episode, we’ll explore some reasons you may really need a financial advisor and the benefit of working with a professional. Are you a procrastinator? When it comes to finances, we sometimes tend to put it off, but having an advisor can keep you motivated and on track. Maybe you don’t know where to start. While education on finances...

Duration:00:15:26

Ep 26: Things that Don’t Matter Until They Do

3/17/2022

Smoke alarms, airbags, and fire extinguishers are all things that don’t really matter until they absolutely do. On rare occasions that you need these items, you’ll be really glad that you have them. On today’s episode, we’re going to explore 4 areas in financial planning that may seem like they don’t matter until they do. We see a lot of people ignore legal documents but it’s essential to have them ready to save yourself or your family time and money. Other areas people tend to put off...

Duration:00:20:01

Ep 25: Financial Planning Q & A

2/17/2022

Everyone has questions when it comes to financial planning. So today, we are going to sit down and discuss some common questions we get from our listeners and clients. How much do you need to retire? Well, it’s going to depend on your retirement goals. Will you travel, remodel the house, or cut down on big purchases? When it comes to your emergency fund, how much is enough? You want to have 3 to 6 months of liquid living expenses. Where does the money in your 401(k) go after you retire? You...

Duration:00:18:58

Ep 24: Planning for Things We Can’t Predict

2/10/2022

There are certain things in life we just can’t predict. If we knew the answers to some of these questions, planning for retirement would sure be a lot easier. You are probably concerned about things that you can’t control: the stock market, taxes, healthcare, etc. However, it’s important to prepare your plan for these unknowns. The next market crash is going to happen, we just don’t know when. So it’s necessary to manage risk in correlation to your situation in life. On today’s episode,...

Duration:00:13:48

Ep 23: The Great Resignation

1/20/2022

You’ve probably heard about the big changes we’ve seen in the job market recently and what’s being called “The Great Resignation.” If you are thinking about changing careers, taking a break from work, or retiring early what do you need to know before you do so? If you do take a break from work, it can impact your Social Security payments later on. Social Security calculates the average of your 35 years of highest-earning. A big pause in your work history can really mess up your payments....

Duration:00:15:02

Ep 22: Economic Predictions for 2022

1/13/2022

There are a lot of economic predictions for 2022 floating around. What do Trent and Brandon think of these predictions? Are they likely to come to fruition? Some predictions see GDP growth while others see the housing market cool down. While we certainly saw the impacts of supply chain issues through inflation in 2021, what does 2022 hold? The Great Resignation is still going strong and could impact the overall health of the economy. Join us today as we discuss these predictions and...

Duration:00:15:05

Ep 21: What Should You Know About Life Insurance?

12/16/2021

Ironically, life insurance is a young man’s game. A lot of people assume the older they get, the less they need it but that might not be the case. There can be benefits for your family and your tax planning strategy that you may be unaware of. While age is really important when applying for insurance your needs are always changing. You can use it for cash alternatives or long-term care needs as well. The utility of life insurance is not always as a death benefit. On today’s podcast, we’ll...

Duration:00:11:39

Ep 20: 22 Money Resolutions for 2022

12/9/2021

As 2021 draws to an end, let's consider some money resolutions we can take on in the new year. On today's episode, we will go over 22 money resolutions you can make in 2022. Some are quick and easy, like checking your credit. While others will be great to do with your advisor. We will discuss reducing your debt, budgeting, consolidating accounts, auditing your insurance, and more! Key Points: 0:43 – Reducing your debt 1:09 – Boost retirement savings 1:46 – Prepare for the...

Duration:00:13:06

Ep 19: Should You Be Putting Off These Financial Matters?

11/4/2021

We all put things off from time to time. When it comes to our finances what should we be addressing sooner rather than later? On today's show, we will be discussing 5 financial topics and whether it is wise to push them off or not. Are you thinking of deferring taxes on your retirement accounts? Well, this depends a lot on your current tax bracket and marital status. Generally, you want to eliminate consumer debt as soon as you can, but when it comes to debts on your house or car the answer...

Duration:00:14:44

Ep 18: Spotting Red Flags in Our Finances

10/21/2021

You’ll want to keep an eye out for red flags in your financial plan to address them as soon as possible. But sometimes we don’t necessarily know what kind of warning signs we are looking for. Maybe you are wondering if you meet with your advisor enough. Perhaps you are worried about your account movement. Either way, we want to be vigilant about these types of financial worries. On today’s episode, we discuss 5 financial red flags you should be aware of. Key Points: 0:52 – Can you name...

Duration:00:14:10

Ep 17: Financial Planning for the Holidays

10/7/2021

With the holidays right around the corner, now is the perfect time to start financially planning for this expensive time of year. The holidays are about being with family, it is okay to set limits on your gift-giving and spending. You'll want to make sure that your plan accounts for things like travel, food, and even healthcare. So today, we are discussing what you can do now to financially prepare. Key Points: 0:26 – Holiday planning 3:00 – Budgeting around family 3:53 – Setting...

Duration:00:10:12

Ep 16: Personal Stories from Financial Advising

9/16/2021

Brandon and Trent are getting personal today with some stories from their careers as financial advisors. It all goes back to their first clients, who taught them the importance of creating a comfortable retirement plan depending on one's situation. In the years since they have found themselves being both educators and last-minute financial saviors. As you’ll hear on this episode, they have learned a lot through their experiences and look forward to sharing some of those today. Key...

Duration:00:15:00

Ep 15: Don’t Make These Retirement Assumptions

9/2/2021

Preparing for retirement means running through a checklist of items and making sure you’re ready for everything life throws at you, but many people often make assumptions that just aren’t always true. Let’s talk about four of the most common retirement assumptions we see and why you can’t build a plan based on these beliefs. Key Points: 0:29 – I’ll spend less in retirement 2:39 – Taxes will be lower in retirement 4:37 – Paying for children/grandchildren education 8:10 – I’ll never be...

Duration:00:12:19

Ep 14: What Drives Us Crazy

8/19/2021

Our job as financial advisors is to help clients reach their retirement goals through proper planning and careful execution, but not everything in the financial world operates as we’d like. It’s time to highlight the areas in planning that can be really frustrating, even for us. Key Points: 0:47 – Hidden Fees 2:05 – Advisors that put their own goals ahed of their clients 5:12 – Cookie-cutter strategies 6:30 – Pushing specific products 9:29 – Making financial plans too...

Duration:00:12:58