33 episodes

The BFP University: Mind Your Money Podcast is an extension of the great education and conversation the Bradshaw Financial Planning team has always believed in. This show will extend the kinds of financial and retirement planning topics we've covered over the years in our video series and blogs with the added ability to highlight and elevate some of the top business owners and leaders in and around Salisbury, NC.

Your hosts are Trent Bradshaw and Brandon Rogers of Bradshaw Financial Planning. If you would like to be a guest or ask Trent and Brandon a question, please reach out. Email office@bradshawfp.com or call 704-216-2260.

BFP University: Mind Your Money Trent Bradshaw

    • Business
    • 5.0 • 5 Ratings

The BFP University: Mind Your Money Podcast is an extension of the great education and conversation the Bradshaw Financial Planning team has always believed in. This show will extend the kinds of financial and retirement planning topics we've covered over the years in our video series and blogs with the added ability to highlight and elevate some of the top business owners and leaders in and around Salisbury, NC.

Your hosts are Trent Bradshaw and Brandon Rogers of Bradshaw Financial Planning. If you would like to be a guest or ask Trent and Brandon a question, please reach out. Email office@bradshawfp.com or call 704-216-2260.

    Ep 33: Mailbag – Inheritance, Market Growth, and More

    Ep 33: Mailbag – Inheritance, Market Growth, and More

    We are opening up the mailbag on today’s show to answer some questions from our clients and our listeners. We’ll explore inheritances, meeting new advisors, and much more.
    Wendy just inherited a farm along with her six siblings. Four want to sell and three of them want to keep it. Should they buy out the four or argue until they're on the same page? (0:56) Roy is interviewing multiple advisors to work with. What should he pay attention to when meeting an advisor? (2:49) Marty has been out of the market for several years. He’s afraid to jump back in now in case the market crashes more. He also doesn’t want to miss out on more growth. What should he do? (5:04) Charlotte is retiring in the latter half of the year. She’ll have about 16 weeks of unused PTO. Should she take it all at once or spread it out over a few months? (8:37) Buddy says he’s ready to retire but he’s not old enough for Medicare yet. Should he stick out working until then or should he find an alternative to Medicare? (10:22) Ruth is wondering if she should give her money to her children now or whether she should wait? (12:00) Contact:
    Website: http://bradshawfp.com 
    Email: office@bradshawfp.com
    Call: 704-216-2260

    • 16 min
    Ep 32: Picking Sides on Common Financial Debates

    Ep 32: Picking Sides on Common Financial Debates

    There are a lot of financial debates and questions out there. Should you always pay off the house as soon as you can or take the mortgage payment into retirement? Some of us assume you don’t need life insurance once you’re in retirement, but is this true?
    To every question, there’s an emotional and logical reaction and we’ll explore each side of these debates with Trent and Brandon today. Which side of the aisle do they agree with?
     
    Key Points:
    0:27 – Should you pay the house off as soon as you can?
    3:45 – Do you need life insurance once you’re in retirement?
    5:52 – Annuities: are they good, bad, or neither?
    7:58 – Will we be in a lower tax bracket in retirement?
    10:00 – Credit cards: are they good, bad, or neither?
    14:39 – Is it better to buy mutual funds or individual stocks?
     
    Contact:
    Website: http://bradshawfp.com 
    Email: office@bradshawfp.com
    Call: 704-216-2260

    • 18 min
    Ep 31: Retirement Ain’t What it Used to Be

    Ep 31: Retirement Ain’t What it Used to Be

    In some ways, retirement planning is easier than it used to be and in other ways, it’s a lot more complicated. The one thing we can all agree on though is that retirement ain’t what it used to be. Pensions are very rare now, with most people relying on Social Security as their main retirement income bucket. People are living longer and longer, meaning our plans have to be prepared for longevity and long-term care issues.
    On today’s episode, we’ll break down the various ways retirement planning is different than it was in our grandparent’s generation and how financial advisors are preparing pre-retirees and retirees for these unique challenges.
     
    Key Points:
    0:27 – Pensions are rare
    2:55 – Longer life expectancy
    4:29 – Interest rates are lower
    6:52 – Information paralysis
    9:30 – Market volatility
     
    Contact:
    Website: http://bradshawfp.com 
    Email: office@bradshawfp.com
    Call: 704-216-2260

    • 13 min
    Ep 30: Investor Beware: Spotting Red Flags When Working With an Advisor

    Ep 30: Investor Beware: Spotting Red Flags When Working With an Advisor

    What red flags do you need to be aware of when it comes to working with an advisor? There are a lot of professionals out there, with different names and designations. So, it’s important to work with a qualified and experienced professional you are comfortable with.
    On today’s episode, we’ll break down some common red flags we’ve seen throughout the industry. From predicting the stock market to using too much financial jargon, which flags have you seen? After today’s episode, you’ll have the tools to spot an advisor that does the bare minimum versus a reliable advisor that helps elevate your retirement plan.
     
    Key Points:
    0:30 – Investor beware!
    1:00 – Only good news
    2:53 – Technical jargon
    5:40 – Predicting the market
    7:11 – Too much talking
     
    Contact:
    Website: http://bradshawfp.com 
    Email: office@bradshawfp.com
    Call: 704-216-2260

    • 11 min
    Ep 29: Tax Consequences on Various Retirement Accounts

    Ep 29: Tax Consequences on Various Retirement Accounts

    When saving for retirement there are various tools and vehicles you can invest your money in. Some come with a tax bill now while others will come later. With tax-deferred accounts like a 401(k) or IRA, you pay your taxes later and save now.  
    In contrast, with a Roth IRA, you don’t have to worry about tax brackets going up because you can withdraw in retirement tax-free. While there is equity exposure for these accounts you can still leverage how you diversify your savings to have a tax-efficient plan. On today’s episode, we’ll explore the various retirement accounts and the tax pros and cons with each.
     
    Key Points:
    0:27 – Tax-deferred accounts
    4:41 – Roth IRA accounts
    8:46 – Taxable accounts
    11:16 – CDs or safe money
    12:55 – Life insurance
     
    Contact:
    Website: http://bradshawfp.com 
    Email: office@bradshawfp.com
    Call: 704-216-2260

    • 18 min
    Ep 28: Customization is King

    Ep 28: Customization is King

    Most people realize that a customized retirement plan is much better than a one size fits all approach and yet, most of us don’t have a truly customized plan. The age you retire is unique to your situation. Maybe you have to wait for Medicare to kick in or perhaps you really enjoy your job and want to work part-time. Once you are actually in retirement what do you want it to look like? If you want to travel or relocate, you’ll need more income than someone planning to stay home. On today’s episode, we’ll discuss why customization is king and the important parts of your retirement plan that truly need to be customized to your life.
     
    Key Points:
    0:27 – Retirement age
    3:00 – Lifestyle and income needs
    5:54 – Your risk tolerance
    9:06 – Family longevity and health history
    10:48 – Desire for a financial legacy
    13:15 – Emotions related to your money
     
    Contact:
    Website: http://bradshawfp.com 
    Email: office@bradshawfp.com
    Call: 704-216-2260

    • 16 min

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