Solving the Financial Puzzle

Ep 160: Special Election Review

Dan Cuprill is back on the show today to help us sort out the economic impact the election will have as we move into a new year. With talk of the Green New Deal, student debt forgiveness, and tax changes, we’ve gotten a lot of questions about what’s next for investors. Today we’ll try to ease your mind and provide some clarity.


Read more and get additional financial planning resources: 


What we discuss on this show: 

0:42 – Dan Cuprill back with us today

2:13 – What does the election mean for investors right now?

7:15 – Dan’s advice to everybody

9:04 – Unexpected bad news is what impacts the market

11:56 – Over time it doesn’t really matter

13:31 – This is why diversification is so important

14:33 – Possible economic policies of new administration

18:16 – Preparing for increased taxes

22:00 – What can we be doing right now as investors?

23:48 – Dan’s outlook for 2021

25:50 – Stay positive

26:57 – How to discuss further with Dan

Ep 159: Obsolete Retirement Planning Ideas

Much like technology becomes outdated each year, retirement planning strategies begin to lose their effectiveness over time. Today we’ll look at five different planning ideas that have been used quite a bit before but might not have the same impact in today’s economy and market conditions.


Read more and get additional financial resources here: 


What we discuss on this show: 

3:09 – Let’s start with the 4% Rule

6:55 – The 10-5-3 Rule  

8:40 – Move from stocks to bonds as you get older

11:20 – Get to $1 million in your retirement account and your ready for retirement.  

13:17 – You’ll need less income in retirement than you needed while working.  

15:56 – What’s the process for someone wanting to meet and work on these items?  

Ep 158: What Financial Challenges Do Women Face More Often?

Like it or not, there are certain financial challenges that women are more prone to face. Why is that? What can you do about it?


Read more and get additional financial resources here: 


On today's show:

1:06 - What financial issues are particularly challenging for women?

1:47 - What level of engagement do most women have in their financial plan?

4:06 - Why do so many retired women find themselves in difficult financial situations?

6:15 - What specific challenges are faced by widowed women?

7:39 - What should a husband do to prevent a mess being left behind for his wife?

8:44 - How has Nikki helped women facing retirement and financial stress alone?

Ep 157: Retirement Ready – Are You Clinging to False Hope?

We often find that people are clinging to certain ideas or beliefs that end up giving them a sense of false hope about their retirement. It’s a dangerous position to be in. Let’s explore some of the faulty thinking that ultimately leaves people underprepared for retirement.


Read more and get additional financial resources here: 


Today's show schedule: 

0:56 – How’s life in Ohio right now?

2:48 – What we’re talking about today.

3:36 – The mindset that you’ll be ready to retire when you hit a certain number.

8:15 – Belief that your income needs are going to decrease when you retire. 

10:40 – Assuming that an inheritance will make up for any shortfalls in retirement.

13:27 – You’re going to ‘just figure it out’ in retirement.   

14:23 – Assuming that the income estimate on our 401k statement is accurate. 

16:53 – Take us through the Money & Clarity for crafting a plan.

Ep 156: Choosing Between A Traditional Or Roth IRA

Maybe you know you need to contribute somewhere or you’ve always contributed to a traditional IRA but have been wondering about the Roth. Nikki explains the similarities and differences between the two and explains the long-term benefits.

Show Notes & Resources


1:11 - Nikki shares what her family is up to.

2:39 - There are a lot of differences between the traditional and Roth IRA.

4:00 - When you pay taxes on the Roth IRA and why that matters.

4:40 - What do the Roth IRA and traditional IRA have in common?

6:43 - Why have people have contributed to traditional IRAs instead of a Roth IRA?

9:13 - Why can a Roth IRA be so powerful?

11:34 - When is a Roth IRA a better choice?

12:48 - When should you contribute to a traditional IRA?

14:31 - Your advisor should be able to help determine which is best every year.

Ep 155: Are You Paying Enough Attention to Your Largest Assets?

As investors, we’re always looking out ahead towards our goals in retirement so we’re constantly striving to move forward. But doing that can lead to us forgetting about the importance of managing what we already have. Let’s look at the important assets in our portfolio that might get overlooked and why it’s important to be evaluating your positions.


Read more and get additional financial resources here: 


Today's show schedule: 

0:59 – How is Nikki dealing with the pandemic. 

2:37 – Maybe the most overlooked thing is an old 401k.

3:25 – A surprising stat that shows we’re not in tune with our investments.

6:04 – Your house and considerations you should be making about this asset.

8:57 – Social Security - what should you be thinking about here?

11:21 – Improving your future savings potential

13:28 – Should you combine your smaller accounts?

15:09 – Diversifying is important but many times clients aren’t overlapping investments.

16:32 – How does Nikki and the team help clients manage these investments?

Ep 154: Is The Market Response To Coronavirus Normal?

Over the past month, we’ve seen financial markets react to potential economic fallout from the coronavirus pandemic and it’s happened at an unprecedented pace. But how surprised should we be by this significant reaction? Dan Cuprill joins the show as we talk about the lessons we’ve learned from history, what this latest crash has taught us, and where we might go from here financially.


Read more and get additional resources here: 


Today's rundown: 

0:46 – We’re joined by Dan Cuprill once again.

1:22 – Every 100 years there seems to be a new pandemic.

2:32 – This is affecting us all in many different ways but it’s taught us one important lesson.

5:11 – You can use history to see how markets react.

6:38 – Be calm because this is typically an investing opportunity.

7:44 – Bad news happens but you have to ask yourself this question to determine how markets will react.

8:15 – Watching cable news 24/7 isn’t going to help anybody.

10:12 – Panic starts to set in and trying to time the market will really hurt you. 

12:39 – Here’s what concerns Dan within the industry.

14:49 – This is where good financial advisors earn their keep. 

15:59 – How does Dan see this playing out over the next few months.

18:11 - Don’t make actions that turn out to be irrevocable in hurting you.

19:41 - A deal to make with your grandchildren.

21:21 - Over a period of time this will look normal, which is why you stick to a plan.

Ep 153: Coronavirus and Solid Financial Truths

No one could predict how much of an impact the coronavirus would have on the market, but it’s been a rough month for everyone. Nikki will share her thoughts on this unprecedented time and talk about the conversations they’re having around the office. With all the speculation and uncertainty, now is a great time to revisit the financial truths that should be guiding your financial planning.


Read more and get additional resources here: 


Today's rundown: 

0:53 – It’s an unprecedented time in the world right now.

2:45 – The economic side of the Coronavirus has already had a huge impact on many people.

4:34 – Everything has happened so quickly and unexpectedly.

6:36 – What conversations are happening in the office right now with clients?

9:53 – Let’s shift to our main conversation on solid financial truths.

10:38 – The first truth: TV can be our biggest enemy.

13:46 – The second truth: You rarely make good financial decisions when you act emotionally.  

16:53 – The third truth: The market always moves in cycles.

18:40 – The fourth truth: You aren’t as risk tolerant as you think you are.

20:43 – The fifth truth: There’s no magic bullet.

22:53 – Nikki shares a message to listeners regarding the current state of the market.

Ep 152: Meet the New Host Nikki Earley

After a short break, the podcast is back with some news! Dan Cuprill has handed the baton to Nikki Earley and she’s taking over the show moving forward. Today we’ll introduce you to the Certified Financial Planner and get to know who she away from the office. We’ll also talk about the future of the show as we make the transition to a new host.  


Check out the show notes and get additional resources here: 


Today's show rundown: 

0:57 – The podcast might sound a little different today as Nikki Earley is taking over hosting duties from Dan Cuprill.

2:03 – Nikki updates news from around the office and the reason behind the name change.

3:09 – Nikki tells the story about how she and Dan originally met.

6:52 – What do you enjoy most about what you do at Money and Clarity?

8:15 – Did you make any new year’s resolutions this year? And how’s your progress going?

8:51 – Dan gave her a new book recently about organizing your life called The Bullet Journal Method

10:47 – What do you like best about working in Cincinnati and living in Dayton?  

13:00 – What does a typical weekend look like for Nikki?

14:48 – Nikki has a cooking background so what dish is she best known for?

15:45 – Bengals fan? Who else do you pull for?

16:35 – The Dayton community is also excited about the Flyers basketball team right now.  

18:07 – The goals for the podcast as we relaunch the show.  

Ep 151: Meet the Parkers: A Case Study for Whether or Not You Need an Advisor

We get the question quite a lot about whether someone needs a financial advisor so Dan Cuprill shares a real-life example of a couple he worked with to provide a case study for how the process plays out. We’ll call them the Parkers, and we’ll walk through their first meeting, goals, needs, and how we decided they were a fit for an advisor. Read the rest of this entry »

Play this podcast on Podbean App