Mon, 27 January 2020
Emotions can be hazardous to your wealth. Financial misbehavior impacts people at every income level. What strategies can individuals employ to protect themselves from emotion-driven mistakes with money?
We were joined today by Martin Hurlburt. He is a Tedx speaker, author and founder of TM Wealth Management. His passion is helping people make better decisions with their money so they can live a happier, more productive and less stressful life.
More about Houston Money Week visit: Financial Advisor Magazine Articles: You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at: or #KPFTHOUSTON #HoustonMoneyWK
Direct download: Money_Matters_Episode_258_with_Martin_Hurlburt.mp3
Category:Financial Literacy -- posted at: 11:19am PDT
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Tue, 21 January 2020
Recent research from the University of Michigan and Strictly Financial suggests that sustained family wealth over multiple generations is the exception, not the rule. We were joined today by Charles "Chuck" Self, who believes that parents and children should work together when choosing a financial advisor. Charles Self is known for his ability to architect an accelerated revenue topline, as well as for his government regulation expertise with financial services organizations. More about Houston Money Week visit: Financial Advisor Magazine Articles: You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at: or #moneymatters #christopherhensley #houston #texas #KPFT #HoustonMoneyWeek #finance #financialliteracy #education
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Tue, 7 January 2020
The California Consumer Privacy Act is the front-line in data privacy and regulation in the United States. As many of its provisions come online, we were joined by cybersecurity expert Andrew Rossow. Andrew is an Internet Attorney, Author, Adjunct Law Professor, and Media Consultant for ABC, FOX, and NBC in Dayton, Ohio. As a millennial, he is able to provide a unique perspective on new, emerging technologies, social media crimes, privacy implications, and digital currencies. He has traveled to over 12 countries, including Brazil, Ghana, South Africa, India, Vietnam, China and Taiwan, studying how technology affects children and young teens in these countries in comparison to the U.S. For more information, follow his #CYBERBYTE series on social media.
More about Houston Money Week visit: Financial Advisor Magazine Articles: You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at: or
#moneymatters #christopherhensley #houston #texas #KPFT #HoustonMoneyWeek #finance #financialliteracy #education
Direct download: Money_Matters_with_Andrew_Rossow.mp3
Category:Financial Literacy -- posted at: 11:58am PDT
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Fri, 3 January 2020
Many books cover budgeting, debt reduction, and how to save money, but the emotional side of money can predominate despite our best efforts. We were joined today by Christine Luken, the founder of the Financial Dignity movement and author of Money is Emotional: Prevent Your Heart from Hijacking Your Wallet
More about Houston Money Week visit: Financial Advisor Magazine Articles: You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at: or
#moneymatters #christopherhensley #houston #texas #KPFT #HoustonMoneyWeek #finance #financialliteracy #education
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Mon, 30 December 2019
Isolation, reduced communication, and a lack of mental cues can burden remote workers. How can remote workers successfully balance the demands of their professional lives? We were joined today by Teresa Douglas, coauthor of Secrets of the Remote Workforce.
More about Houston Money Week visit: Financial Advisor Magazine Articles: You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at: or #KPFTHOUSTON #HoustonMoneyWK
Direct download: Money_Matteres_Episode_254.mp3
Category:Financial Literacy -- posted at: 2:19pm PDT
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Mon, 16 December 2019
Making sense of jewelry appraisal is crucial whenever buying, selling, or insuring precious stones. We were joined today by Graduate Gemologist Jessica Khurana. As the owner of Houston Jewelry Appraiser, Jessica specializes in fine jewelry appraisal and uses gemological testing in her examinations. As someone who has been in the jewelry appraisal business for 20 years, Jessica explains the difference between the fair market value and the retail replacement value approaches, how to save money on your jewelry insurance, and what to watch out for when making a purchase. More about Houston Money Week visit: Financial Advisor Magazine Articles: You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at: or #KPFTHOUSTON #HoustonMoneyWK
Direct download: Money_Matters_Episode_253.mp3
Category:Financial Literacy -- posted at: 10:28am PDT
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Mon, 9 December 2019
50 Fiduciary Standards for 50 States? How a lack of uniform regulation could ultimately increase costs for clients. We were joined today by Bill McCance, Chairman and President of TAG Group, Inc. - a diversified financial services company owning a broker dealer, a Registered Investment Advisor and an insurance GA.
More about Houston Money Week visit: Financial Advisor Magazine Articles: You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at: or #KPFTHOUSTON #HoustonMoneyWK
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Mon, 25 November 2019
What's in store for Continental Societies' upcoming event: Jingle & Mingle. Houston Money Week managers Chris Hensley and Bennette Davis discuss Houston Continental's annual scholarship and program fundraiser. Bennette Davis is the President of the Houston Metropolitan Chapter as well as a chapter charter member. Continental Societies, Inc. is an international women’s service organization dedicated to improving the socioeconomic and cultural welfare of under-served children and youth. The organization was founded in 1956 and incorporated nationally in 1972. The Houston Metropolitan Chapter was chartered in 2004, and the members have shared programs and experiences with more than 100,000 children in our short history. Through our Five-Point Programmatic Thrust: Health, Education, Employment, Recreation plus Arts and Humanities, we create innovative programming structured to enhance and bring value to the young lives we encounter. More about Houston Money Week visit: Financial Advisor Magazine Articles: You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at: or #KPFTHOUSTON #HoustonMoneyWK
Direct download: Money_Matters_Episode_251.mp3
Category:Financial Literacy -- posted at: 10:16am PDT
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Mon, 18 November 2019
Why women's relationships with other women at work are often fraught and when they are, have the potential to completely derail women's careers.
We were joined today by author and practicing attorney Andrea S. Kramer. Her new book, coauthored with Alton B. Harris, It's Not You, It's the Workplace: Women's Conflict at Work and the Bias that Built It delves into the reasons that the gender pay gap and unequal gender representation have persisted in the workplace. Importantly, it also describes the ways some organizations have been successful in removing gender bias from their systematized processes.
More about Houston Money Week visit: Financial Advisor Magazine Articles: You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at: or #KPFTHOUSTON #HoustonMoneyWK
Direct download: Money_Matters_Episode_250.mp3
Category:Financial Literacy -- posted at: 12:01pm PDT
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Mon, 14 October 2019
Probability-based or safety-first? What trade-offs exist between these two dramatically different philosophies for retirement income planning? Wade Pfau discusses his new book - Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement.
We were joined today by bestselling author Wade D. Pfau, Ph.D., CFA, RICP. Dr. Pfau is the director of the Retirement Income Certified Professional designation and a Professor of Retirement Income at The American College of Financial Services in King of Prussia, PA. As well, he is a Principal and Director for McLean Asset Management. He holds a doctorate in economics from Princeton University and publishes frequently in a wide variety of academic and practitioner research journals on topics related to retirement income. He hosts the Retirement Researcher website, and is a contributor to Forbes, Advisor Perspectives, Journal of Financial Planning, and an Expert Panelist for the Wall Street Journal. He is the author of the books, Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement, How Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Income Strategies, and Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement.
About Safety-First Retirement Income Planning To learn two fundamentally different philosophies for retirement income planning, which I call probability-based and safety-first, diverge on the critical issue of where a retirement plan is best served: in the risk/reward trade-offs of a diversified and aggressive investment portfolio that relies primarily on the stock market, or in the contractual protections of insurance products that integrate the power of risk pooling and actuarial science alongside investments. The probability-based approach is generally better understood by the public. It advocates using an aggressive investment portfolio with a large allocation to stocks to meet retirement goals. My earlier book How Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Strategies provides an extensive investigation of probability-based approaches. But this investments-only attitude is not the optimal way to build a retirement income plan. There are pitfalls in retirement that we are less familiar with during the accumulation years. The nature of risk changes. Longevity risk is the possibility of living longer than planned, which could mean not having resources to maintain the retiree’s standard of living. And once retirement distributions begin, market downturns in the early years can disproportionately harm retirement sustainability. This is sequence-of-returns risk, and it acts to amplify the impacts of market volatility in retirement. Traditional wealth management is not equipped to handle these new risks in a fulfilling way. More assets are required to cover spending goals over a possibly costly retirement triggered by a long life and poor market returns. And yet, there is no assurance that assets will be sufficient. For retirees who are worried about outliving their wealth, probability-based strategies can become excessively conservative and stressful.This book focuses on the other option: safety-first retirement planning. Safety-first advocates support a more bifurcated approach to building retirement income plans that integrates insurance with investments, providing lifetime income protections to cover spending. With risk pooling through insurance, retirees effectively pay an insurance premium that will provide a benefit to support spending in otherwise costly retirements that could deplete an unprotected investment portfolio. Insurance companies can pool sequence and longevity risks across a large base of retirees, much like a traditional defined-benefit company pension plan or Social Security, allowing for retirement spending that is more closely aligned with averages. When bonds are replaced with insurance-based risk pooling assets, retirees can improve the odds of meeting their spending goals while also supporting more legacy at the end of life, especially in the event of a longer-than-average retirement. We walk through this thought process and logic in steps, investigating three basic ways to fund a retirement spending goal: with bonds, with a diversified investment portfolio, and with risk pooling through annuities and life insurance. We consider the potential role for different types of annuities including simple income annuities, variable annuities, and fixed index annuities. I explain how different annuities work and how readers can evaluate them. We also examine the potential for whole life insurance to contribute to a retirement income plan. When we properly consider the range of risks introduced after retirement, I conclude that the integrated strategies preferred by safety-first advocates support more efficient retirement outcomes. Safety-first retirement planning helps to meet financial goals with less worry. This book explains how to evaluate different insurance options and implement these solutions into an integrated retirement plan.
More about Houston Money Week visit: Financial Advisor Magazine Articles: http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 You can listen live by going to www.kpft.org and clicking on the HD3 tab. http://directory.libsyn.com/shows/view/id/moneymatters or #KPFTHOUSTON #HoustonMoneyWK #WadePfau #ChrisHensley #FinancialPlanning #FinancialAdvisor #MoneyMattersPodcast #KPFT #Houston #Texas #UnitedStates
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