Risk Tolerance – Page 4 – Wealth on the Move

Empowering the Next Generation with Financial Knowledge with Tim Smith from The Financial Dad (Episode 7)

By Wealth on the Move | January 2, 2025

Summary: In this episode of Wealth on the Move, host Will Hoffman interviews Tim Smith, the creator of The Financial Dad podcast. They discuss the importance of financial education for young adults, the gaps in current financial literacy, and the motivation behind creating a platform that simplifies complex financial concepts. Tim shares his experiences and insights on how to effectively communicate financial knowledge to those who may not have had exposure to it, particularly focusing on the needs of entrepreneurs and the younger generation. In this conversation, Tim and Will discuss the importance of financial education, particularly for young adults. They reflect on their own experiences with financial literacy, the role of family in learning about personal finance, and the challenges faced by new entrepreneurs. Tim shares insights on transitioning from a long career in financial services to new ventures, emphasizing gratitude and the pursuit of new challenges. The discussion also touches on the significance of honoring past experiences while looking forward to future opportunities.

Connect with Will Hoffman:

Connect with The Financial Dad:

Takeaways:

Retirement is no longer defined by age but by personal choice.
Coaching helps individuals rediscover their purpose during transitions.
The Retirement Wheel assesses various life aspects beyond finance.
Legacy is about love and impact, not just financial wealth.
Many retirees experience a sense of loss and need support to find purpose.
Ageism affects perceptions of self-worth in retirement.
It’s essential to nurture relationships during retirement.
Fear of change can prevent individuals from pursuing their passions.
Self-reflection is crucial in understanding one’s journey.
Honoring endings can lead to new beginnings and growth.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Your 2024 Last-Chance Financial Planning Checklist (Episode 5)

By Wealth on the Move | December 5, 2024

Summary: In this episode, hosts Will Hoffman and Brynn Tarbuck discuss essential year-end financial planning strategies. They emphasize the importance of consulting with a CPA, reviewing tax situations, and preparing for the upcoming year. The conversation also touches on investment strategies, insurance reviews, and considerations for young professionals entering the workforce. As the year comes to a close, they encourage listeners to reflect on their financial goals and make necessary adjustments to ensure a prosperous new year.

Takeaways:

Schedule a discussion with your CPA before year-end.
Review your income and tax situation as the year closes.
Max out retirement contributions if possible.
Consider Roth IRA conversions based on your income.
Revisit your investment goals and strategies regularly.
Ensure your insurance coverage is adequate and up-to-date.
Discuss any major life changes with your financial advisor.
Utilize year-end checklists to stay organized.
Engage in financial planning early in your career.
Reflect on your financial goals as the new year approaches.

Resources:

2024 Last-Chance Financial Planning Checklist
Contact Us Today!
Will’s Episode with Lizette Cloete, Caring for a loved one with dementia can be overwhelming, and financial planning often gets overlooked. Have you considered how to manage finances while providing care?Insights from Will Hoffman of https://www.hoffman-wealthmanagement.com/ emphasized the complexities involved in managing assets for loved ones and the transformative impact of estate planning, urging us to prioritize legal documentation such as powers of attorney to streamline decision-making processes.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Empowering Investors with Riskalyze with Chris Quandt (Ep. 4)

By Monetary-Mix-Tape | October 20, 2022

Halloween is right around the corner and it’s the time of year where everything gets a little spookier, including the markets.

One way of ensuring clients feel confident about their investments and less eerie of the markets is by providing a tool like Riskalyze.

This week we have our very first guest, a fellow Gen Xer, Chris Quandt. He is the Success Enablement Manager at Riskalyze, and he joins Will to talk about the risk alignment platform, and why advisors and clients should be using it to invest more efficiently.

Chris discusses:

What Riskalyze is and how it helps measure risk tolerance
How taking risks with your finances can be scarier than any 80’s horror film
Why every Gen Xer should know their risk number
His favorite childhood Halloween memories
And more

Resources:

Connect with Chris Quandt:

Connect with Will Hoffman:

About Our Guest:

Chris Quandt is the Success Enablement Manager at Riskalyze. He has served on both the Marketing and Advisor Success team. As a success coach, Chris delights in helping advisors understand how Riskalyze can help them grow their business, retain clients, and show best interest.

About Our Host:

Will Hoffman is a financial advisor and the Founder of Hoffman Wealth Management, a firm dedicated to helping professionals create wealth plans that revolve around their financial goals. Will has 20 years of experience in the financial services industry and is passionate about becoming his client’s most trusted financial ally.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Hoffman Wealth Management are separate entities from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.

Chris Quandt and Riskalyze are not affiliated with or endorsed by LPL Financial, Private Advisor Group, or Hoffman Wealth Management.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More