New Focus on Wealth with Chad Burton

The podcast episode features Chad & Rob discussing various financial topics related to wealth management, retirement planning, and estate protection. Throughout the episode, Chad covers a range of subjects, including the current economic landscape, market trends, interest rates, and inflation. He emphasizes the importance of tax planning, insurance reviews, and estate planning in the context of financial management. Chad also delves into the significance of alternative investments, such as private equity, private lending, and private real estate, for portfolio diversification and wealth preservation. The episode provides insights into the role of a wealth manager versus an investment advisor, highlighting the comprehensive approach of a certified financial planner in addressing various financial aspects beyond just managing investment portfolios.

Furthermore, the episode touches on the basics of estate planning, including considerations for individuals with children and the need for life insurance coverage. Chad discusses the transition from basic estate planning to advanced estate planning, focusing on the complexities of leaving substantial assets to heirs and the importance of financial education for beneficiaries. Advanced estate planning involves strategies to protect and distribute wealth effectively, considering factors like inheritance taxes, asset protection, and the long-term financial well-being of future generations. The episode underscores the value of seeking professional guidance from a certified financial planner to navigate the intricacies of estate planning and ensure a comprehensive approach to managing one's financial legacy.

Timestamps:

[00:01:23] Inflation and the economy update.

[00:06:35] Portfolio transition for dividend focus.

[00:09:37] Alternative Investments for Retirement.

[00:12:15] Direct lending and private equity.

[00:14:32] Retirement portfolio diversification strategies.

[00:19:08] Social movement in stock market.

[00:22:21] Real estate investment analysis.

[00:27:20] Wealth management and real estate.

[00:30:37] Jobless claims and consumer trends.

[00:34:45] The Bored Ape Yacht Club

[00:37:04] Estate planning and dog liability.

[00:39:52] Importance of reviewing insurance.

[00:44:56] Advanced estate planning

[00:47:02] Leaving money to family.

[00:49:56] Keeping assets separate for love.

[00:53:14] Trusts explained clearly.

[00:57:54] Charitable remainder unit trust.

[00:59:49] Wealth management and relationships.

[01:05:06] Real estate investment strategies.

[01:07:28] 1031 exchange for real estate.

[01:11:01] Interest Rate Environment

Email your money question to [email protected]

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

This podcast episode focuses on various financial topics, including market updates, investment strategies, and insurance considerations. The host, Chad Burton, discusses the recent market trends, highlighting the performance of different indexes and individual stocks like NVIDIA, Apple, and Tesla. He emphasizes the importance of diversification in investment portfolios, especially in light of the concentrated nature of the current market, with a significant portion of the S&P 500 being tech or communication services companies. Additionally, Chad provides insights into mutual funds and ETFs, explaining the differences between the two and the factors to consider when choosing between them. He also delves into the importance of health and wellness in retirement planning, stressing the significance of maintaining good health to enjoy wealth in later years.

Furthermore, the episode delves into the intricacies of life insurance and the considerations individuals should make when evaluating their policies. Chad discusses the significance of term life insurance and the concept of "buy term and invest the difference" as a strategy for financial planning. He also provides valuable insights on managing old cash value life insurance policies, including options like 1035 exchanges and transitioning to more suitable policies based on current needs. Moreover, the importance of staying hydrated and maintaining overall health was highlighted, with Chad offering practical tips on water intake, exercise routines, and lifestyle choices to ensure a healthy and fulfilling retirement. The episode underscores the holistic approach to financial planning, integrating wealth management strategies with health and wellness considerations for a well-rounded and prosperous future.

Timestamps:

[00:02:28] Tesla's range anxiety and complaints.

[00:05:09] Bonds and interest rates discussion.

[00:09:04] S&P 500 PE Ratio.

[00:13:04] Actively managed vs. passive investing.

[00:16:21] Active vs. Passive Fund Management.

[00:19:37] Life insurance and investments.

[00:23:41] The importance of full physicals.

[00:26:30] Options for old life insurance.

[00:31:16] Importance of health.

[00:33:29] Importance of staying hydrated.

[00:36:16] Importance of weight training.

Email your money question to [email protected]

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

Chad starts by discussing the upcoming event, "7 Steps for Retirement Readiness," which covers crucial aspects such as taxes, income, long-term care, safe money, investing, life goals, and health and wellness. He emphasizes the importance of this event in light of the challenges faced by investors in the current economic climate.

Moving on, Chad delves into the world of investing, specifically focusing on the S&P 500, NASDAQ, and popular tech funds like XLK. He highlights the concentration of the S&P 500 in technology stocks and the need for diversification, especially as one approaches retirement and transitions from growth-focused investments to a more balanced portfolio.

The discussion then shifts to the 4% rule, a guideline for determining retirement income. Chad explains that while the 4% rule is a useful starting point, it should not be blindly followed. He emphasizes the importance of having a comprehensive financial plan that considers factors like taxes, healthcare costs, and unexpected expenses.

The episode also explores the active vs passive investing debate. Chad suggests that a combination of both approaches can be beneficial, with passive investing being more tax-efficient in taxable accounts and active management potentially outperforming in certain asset classes like small cap and international stocks.

Lastly, Chad addresses the concept of sequence of returns risk, which refers to the impact of market fluctuations on retirement income. He emphasizes the need for a withdrawal strategy, diversification, and proper planning to mitigate the potential negative effects of market downturns.

Overall, this episode of "New Focus on Wealth" provides valuable insights and practical advice for individuals seeking to enhance their retirement readiness, navigate the active vs passive investing landscape, and understand the risks associated with sequence of returns. Don't miss out on this informative and engaging discussion with Chad Burton, a seasoned financial planner.

Timestamps:

[00:01:35] Retirement challenges and inflation.

[00:04:34] Concentration in investment portfolios.

[00:10:05] The 4% rule.

[00:14:55] Home maintenance and expenses.

[00:17:57] The Suitcases Always Packed Pass.

[00:22:34] Subscription management and savings.

[00:26:02] Active Management in Other Asset Classes.

[00:29:48] Trends in music industry.

[00:31:47] Sequence Return Risk.

[00:36:40] Long-term care and Medicaid planning.

Email your money question to [email protected]

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

The episode kicks off with a discussion on the seven steps to retirement readiness. Chad emphasizes the need for a comprehensive financial plan that goes beyond just having enough savings. He highlights the importance of tax efficiencies, safe money allocation, and planning for long-term care costs. Listeners are encouraged to attend an upcoming event hosted by Chad, where he will delve deeper into these topics.

Chad also delves into the concept of linear cash flow and its significance in retirement planning. He explains how to calculate the rate of return needed to ensure a comfortable retirement and stresses the importance of being conservative in projections. By using a rate of return just under 6%, Chad helps listeners assess the longevity of their retirement savings.

The conversation then shifts to the challenges retirees face, including healthcare costs and the decision of when to take Social Security. Chad provides valuable insights on navigating Medicare, choosing supplemental insurance, and optimizing Social Security benefits based on individual circumstances. He also highlights the impact of tax planning on retirement income and the benefits of charitable gifting from IRAs.

In addition to financial planning, Chad emphasizes the importance of prioritizing health in retirement. He shares his personal interest in longevity and discusses the emerging research on the gut-brain connection, exercise, and healthy lifestyle choices. Chad encourages listeners to invest in their health now to enjoy a fulfilling retirement.

Timestamps:

[00:02:10] Linear cash flow.

[00:04:10] Rate of return in retirement.

[00:08:37] Average market gains and losses.

[00:14:33] CFP Chad Burton's outdoor adventures.

[00:16:20] Order of stock market returns.

[00:20:09] Medicare and supplemental insurance.

[00:23:05] IRA charitable contributions.

[00:29:36] Gut health and brain function.

[00:30:51] Focusing on healthcare and wellness.

Email your money question to [email protected]

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

In this episode, host Rob Black and certified financial planner Chad Burton discuss the recent 50 basis point cut by the Federal Reserve and its implications for the economy and investment strategies. They analyze the current market conditions, including the volatility in stocks and the impact of rising interest rates on various sectors, particularly real estate and alternative investments. Chad emphasizes the importance of understanding alternative investments such as private real estate, private credit, and private equity, which are typically reserved for accredited investors with over $2 million in assets. The conversation also touches on the use of options as a financial tool for managing risk and generating income, highlighting strategies like selling covered calls and buying protective puts.

Tune in now to learn more!

Timestamps:

[00:01:24] Fed's 50 basis point cut.

[00:06:18-00:06:29] Real estate and retirement planning.

[00:10:12] Alternative investments for high net worth.

[00:13:43] Private credit and direct lending.

[00:15:21] Private credit and lending risks.

[00:19:11] Private credit investments explained.

[00:21:45] Private equity in niche markets.

[00:25:35] Options trading risks and strategies.

[00:30:34] Stock options strategies explained.

[00:34:51] Using options for financial planning.

Email your money question to [email protected]

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com