12 episodes

Join your host Jammie Avila as he shares his thoughts on a wide variety of financial topics surrounding retirement strategy, investment management, tax planning and more!

Jammie Avila is the managing partner and co-founder of Cornerstone Wealth Management with offices in Las Vegas and Henderson, Nevada.

Get more information at www.cornerstonevegas.com or by calling 702-252-5252.

Cornerstone Retirement Blueprint Podcast Jammie Avila

    • Investing

Join your host Jammie Avila as he shares his thoughts on a wide variety of financial topics surrounding retirement strategy, investment management, tax planning and more!

Jammie Avila is the managing partner and co-founder of Cornerstone Wealth Management with offices in Las Vegas and Henderson, Nevada.

Get more information at www.cornerstonevegas.com or by calling 702-252-5252.

    Ep 12: Are You Ready to Retire?

    Ep 12: Are You Ready to Retire?

    The goal for all of us is to be able to retire at some point, but how do you know when you’re ready? Let’s take away some of that worry and concern by sharing the different types of people we work with and what it takes to get them to retirement.
    Show Notes, Contact & Resources:
    https://www.cornerstonevegas.com/cornerstone-retirement-podcast/
    Timestamps:
    0:50 – Why this topic today?
    1:13 – A lot of people reach retirement age but say they don’t want to retire. Why is this?
    3:14 – When someone’s mind doesn’t line up with what’s on paper.
    5:22 – It comes down to cash flow.
    7:04 – Then there are people that want to retire but aren’t ready financially.
    10:32 – A lot of the answer to this depends on what you want in retirement.
    11:45 – Have you ever told someone they need to work longer?
    12:43 – We have tools to show you financial simulations.  

    • 17 min
    Ep 11: Annuities – What You Really Need to Know

    Ep 11: Annuities – What You Really Need to Know

    There’s a lot of confusion out there about annuities, probably because there are different types of annuities that do different things. So we’ll give you each of these types of annuities, you explain how they work and how they might be used in someone’s financial plan…
    Show Notes, Contact & Resources:
    https://www.cornerstonevegas.com/cornerstone-retirement-podcast/
    Timestamps:
    0:36 – We’re taking precautions in the office as things begin opening back up.
    1:29 – Why annuities cause some confusion.
    2:44 – We see people who are overloaded in annuities, which is a problem.
    3:40 – Let’s start with the immediate annuity.
    6:08 – What is a Fixed Annuity.
    7:33 – Example of a client that really likes fixed annuities.
    10:15 – Variable Annuity
    13:26 – Are you better off just being in mutual funds?
    15:34 – Fixed Indexed Annuity
    18:35 – What annuities do we typically use during the planning process?
    20:56 – Anthony shares a case where he’s used annuities to help a client achieve their goals.

    • 27 min
    Ep 10: Busting the Biggest Social Security Myths

    Ep 10: Busting the Biggest Social Security Myths

    Social Security isn’t a topic that clients are well-versed in when we first meet them, but it’s a critical component to the income planning portion of your retirement. Many factors weigh into the claiming strategy and we want to clear up many of the common misbeliefs that are out there.
    Show Notes, Contact & Resources:
    https://www.cornerstonevegas.com/cornerstone-retirement-podcast/
    Timestamps:
    0:47 – Why we’re talking about this topic today.
    1:30 – How much do clients typically know about Social Security?
    2:01 – Myth: The SSA is going to help you make the best decision to when to start your benefit.
    5:36 – Myth: You won’t get any Social Security if you were a stay-at-home mom.
    7:29 – Myth: You won’t pay taxes on your SS since you already paid taxes on that money when you paid into the system.  
    9:40 – You can be proactive to lower your tax obligations.
    11:15 – Myth: There won’t be any Social Security left when you retire.
    12:39 – Myth: Claim your Social Security benefit as soon as you’re eligible.
    15:10 – Final thought on this topic.

    • 17 min
    Ep 9: The Importance of the Financial Red Zone

    Ep 9: The Importance of the Financial Red Zone

    Retirement planning is much like football. The closer you get to the endzone, the more important the strategy becomes. Let’s take a look at these crucial planning years and talk about what you need to be doing to avoid a critical turnover.
    Show Notes, Contact & Resources:
    https://www.cornerstonevegas.com/cornerstone-retirement-podcast/
    Timestamps:
    0:36 – Cornerstone got out and had a company party.  
    1:36 – What is the financial red zone and why is it important? 
    3:39 – What are some of the common mistakes that people make? 
    7:08 – Asset-based long-term care 
    7:58 – Another mistake: taking too much risk close to retirement. 
    9:23 – Client example of taking on too much risk.
    11:50 – You shouldn’t be making audibles to your plan in the red zone.
    13:03 – We see people that haven’t planned at all and they’re on the doorstep to retirement. It’s a challenge.
    15:39 – Why is retirement planning easier for people that have started planning before the red zone? 
    16:55 – What you should be thinking about in the red zone.

    • 21 min
    Ep 8: Understanding the 3 Worlds of Money

    Ep 8: Understanding the 3 Worlds of Money

    When it comes to investing, there are three primary places to contribute your money based on your goals and your risk tolerance. We call these the three worlds of money and today we’ll break down each of them for you.
    Show Notes, Contact & Resources:
    https://www.cornerstonevegas.com/cornerstone-retirement-podcast/
    Timestamps:
    0:48 – Why we’re talking about the three worlds of money.
    1:28 – Here are the three worlds.
    2:27 – World 1: Banking – what are the best uses?
    4:45 – What we call ‘Dry Powder’  
    6:08 – The pros and cons to the banking world.  
    7:13 – World 2: Wall Street
    8:07 – The market moves up and down, but does it stay down?
    8:43 – Cons of the market
    12:01 – Why being overleveraged can create problems.
    14:06 – World 3: Insurance – best of both worlds
    16:41 – Understanding the three worlds helps you know what kind of investor you are.

    • 18 min
    Ep 7: How to Find the Right Financial Advisor

    Ep 7: How to Find the Right Financial Advisor

    The relationship with a financial advisor is one that you need to feel comfortable with and have trust in. How do you find the right person? A lot of people can do a good job for you but we’ll explain the qualities and characteristics you absolutely need from an advisor.
    Show Notes, Contact & Resources:
    https://www.cornerstonevegas.com/cornerstone-retirement-podcast/
    Timestamps:
    0:58 – Why are we talking about this topic?
    1:43 – What kind of services should your advisor be providing you?
    4:01 – Is it important that your advisors know many different areas of investing?
    6:43 – An important law Nevada passed recently.
    8:37 – Are there any signs that you might need a new advisor?
    10:49 – Accumulating wealth and distributing that wealth are two different phases of planning.
    14:42 – What can go wrong if you work with the wrong advisor for too long?
    16:28 – What gets you to retirement isn’t going to get you through retirement.
    17:20 – How can you determine if an advisor has the right philosophy and approach?

    • 21 min

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