Ep 79: Aligning Your Investments With Your Values

08/26/21 • 25 min

1 Listener

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

Have you heard of ESG? Many investors today are selecting investments in part based on Environmental, Social, and Governance (ESG) criteria.

Don't like fossil fuels, weapons, or pornography? Want to focus on companies that have diverse boards, executive teams, and overall workforce? Have religious beliefs you want to follow when it comes to investing? Then ESG may be right for you.

Hear Kevin discuss solutions for those seeking to align their investments to their ESG values and discuss challenges and investment considerations in doing so. He'll also share several recent client examples that have pursued ESG investing.

What we discuss on this episode:

1:07 - Watching the Olympics

3:26 - Why ESG has become a trendy conversation

8:46 - Where do you draw the line?

12:38 - Picking investments

17:26 - Challenges with ESG

22:04 - How many clients prioritize this?

Contact:

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-893-7526

Schedule: http://bit.ly/calltruewealth

Have you heard of ESG? Many investors today are selecting investments in part based on Environmental, Social, and Governance (ESG) criteria.

What we discuss on this episode:

1:07 - Watching the Olympics

3:26 - Why ESG has become a trendy conversation

8:46 - Where do you draw the line?

12:38 - Picking investments

17:26 - Challenges with ESG

22:04 - How many clients prioritize this?

Contact:

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-893-7526

Schedule: http://bit.ly/calltruewealth

Previous Episode

Ep 78: Unexpected Benefits Married Couples Get From A Financial Advisor

Do you know a smart, financially savvy person that still hires a financial advisor? Ever wonder why they do so?

Many family stewards often seek an advisor to take care of their family's finances if they cannot. Know a couple where one spouse took care of the family finances and then passed, leaving the surviving spouse the fear and frustration of picking up the financial pieces all while going through the grieving process? Family stewards seek to avoid this.

Yet married couples often get even more and unexpected benefits from working with a financial advisor. Communication is the essence of healthy relationships. Quite often meeting with an emotionally intelligent financial advisor can enhance the communication and understanding between spouses while bringing objectivity to the financial and emotional aspects of the relationship.

Hear Kevin relate his story of when he and his wife met with a financial advisor and how it helped them get more aligned. He also shares a client story where spouses weren't on the same page regarding retirement but through open communication and sound financial planning, they are now excitedly turning the page into retirement together.

What we discuss on this episode:

1:05 - Vacation

2:43 - Why a podcast review inspired this topic

4:41 - Who will take care of my family if something happens to me?

9:07 - We need to hear what's important to both spouses

12:55 - Finding the best way to communicate

18:12 - Couples that aren't on the same page

Contact:

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-893-7526

Schedule: http://bit.ly/calltruewealth

Next Episode

Ep 80: Should I Sell a Stock With a Large Taxable Gain?

You may have acquired stock and seen it significantly rise in value over time. Now you're not sure what to do: let it ride or sell, pay taxes, and reinvest in a better portfolio. Astute investors know concentrated stock holdings are suboptimal and expose a portfolio to diversifiable risks. But simply selling regardless of tax consequences is also short-sighted. So how do they best fit into your portfolio and financial plan? Hear Kevin discuss how to think through this complex decision. He will evaluate the costs and expected benefits of making a partial or full transition and discuss how Separately Managed Accounts or SMAs can be used as a tax-smart tool to better optimize your investments in light of concentrated or low-cost basis stock positions. Even if you do not have concentrated or low-cost basis stock positions, the insights you'll get on optimizing your portfolio and drivers of its results make it worth a listen. Show notes: https://www.truewealthdesign.com/ep-80-should-i-sell-a-stock-with-a-large-taxable-gain/ What we discuss on this episode: 3:23 - Background on this tax scenario 8:15 - Selling out of your positions and then reinvesting 14:01 - Statistical modeling to find the best return 18:06 - Formulating the expected returns 19:21 - What to do with legacy holdings 23:53 - The benefit of true customization 29:57 - What to expect from your financial advisor