Financial Planner – WealthStyle Podcast

REPLAY: Planning For Retirement: Social Security and Medicare with Elaine Floyd

By WealthStyle Podcast | July 29, 2024

In today’s episode of WealthStyle, Iván Watanabe and Evan Wohl interview Elaine Floyd, Director of Retirement Life Planning at HorsesMouth about the intricacies of our nation’s support systems; Social Security and Medicare.

Listen as Elaine shares her expert knowledge by debunking some common misconceptions and detailing the benefits these programs provide using real-life examples and historical facts.

Whether you’re approaching retirement, caring for a loved one, or simply curious about recent changes and restrictions regarding Social Security and Medicare, this episode is a must-listen!

Gain insight as Elaine discusses:

The importance of accessing your retirement income plan for the duration of your lifetime
Common mistakes people make when claiming Social Security, and the varying spousal benefits
The differences between Medicare Part A and Part B
How to navigate your options regarding your Health Savings Account (HSA) and Medicare
And more

Resources:

Social Security Trustees Report
Social Security
Medicare
How to Protect Your Identity in a Digital World with Mark Cole

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Strategies for Managing Single Stock Positions with Andrew McCall

By WealthStyle Podcast | January 8, 2024

Have you considered including covered calls and collars in your investment strategy? What options should you consider when looking at contracts for buying and selling investments?

Tune in as Iván Watanabe and Evan Wohl speak with Andrew McCall, regional consultant at SpiderRock Advisors. Andrew walks through some savvy options strategies, like covered calls and collars, that can help balance out the risks and tax implications while you’re working on diversifying your investment portfolio.

Andrew discusses:

What are the options strategies discussed for managing single stock positions
Where does SpiderRock’s technology and expertise focus in terms of customizable option solutions
Why are options considered contracts for buying or selling investments at specific prices in the future
What are the downsides and trade-offs of using the covered call strategy
And more

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How to Make Tomorrow Better Today with Hal Hershfield

By wealthstylepodcast | August 14, 2023

Do you recognize yourself when you imagine who you’ll be in the future?

Or does it feel like you’re looking at a stranger?

In this episode of WealthStyle, Evan Wohl speaks with Hal Hershfield, professor of psychology, marketing, and behavioral decision-making at UCLA’s Anderson School of Management on why it is so hard for most people to envision their future selves.

Listen in as Hal reveals the psychology behind this common mindset and what we can do to alter how we perceive ourselves presently and in the future.

Engage in a few “ah-ha” moments as Hal explains:

Why it’s a struggle to achieve goals, even if they are well planned
How envisioning and connecting with your future self can increase asset accumulation
The power of auto-enrollment for 401k contributions
Why we tend to live in a state of “status quo” versus looking ahead to the future
And more

Resources:

Connect with Evan Wohl:

Connect with Hal Hershfield:

About Our Guest:

Hal Hershfield is a Marketing, Behavioral Decision Making, and Psychology Professor at UCLA’s Anderson School of Management and holds the UCLA Anderson Board of Advisors Term Chair in Management. His research, which sits at the intersection of psychology and economics, examines how we can improve our long-term decisions. He earned his Ph.D. in psychology from Stanford University.

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How to Stay on Top of Your Fitness Goals with Gideon Akande

By wealthstylepodcast | July 17, 2023

Everyone wants to be healthy and exercise, but it’s a chore to find time and energy to complete the list of activities at the gym. How can you maintain consistency when it comes to reaching health goals?

In this episode, Iván Watanabe and Evan Wohl interview Gideon Akande, an elite fitness coach and consultant, about creating personal health and wellness consistency. He shares tips to transform exercise and healthy eating from a chore to something enjoyable and ways to trick yourself into being healthy without thinking about it.

Gideon discusses:

How he started his health journey and commits to 15-minutes of movement every day
Ways to transform exercise into something you want to do, and will keep doing
Why and how external pressure is an excellent motivator for reaching your goals
How a professional can help with health the same way advisors help with money
And more

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An Eye on Investments with Russ Carpentieri

By wealthstylepodcast | July 3, 2023

What goes into a successful investment deal? Money? Time? Information?

Find out how you can invest with confidence in this episode of WealthStyle where Iván Watanabe and Evan Wohl sit down with Russ Carpentieri, Managing Director at OPUS Private Client, LLC to explore their personal insights, practical tips and real-life examples of how you can make profitable investment decisions.

Listen in as Iván, Evan, and Russ discuss:

How their relationship with money impacts their investment decisions
What questions to consider when assessing several deals
How a loss in investments isn’t a loss in the portfolio
Why you should spend time getting familiar with your investments
And more

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Connect with Russ Carpentieri:

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Guaranteed Income for a Happy Retirement with Tom Hegna

By wealthstylepodcast | June 19, 2023

What’s the secret to a happy retirement?

If you want to enjoy your retirement to the fullest, you must have a sense of purpose and guaranteed income for the rest of your life. That way, you have something to look forward to every day, without the fear of running out of money!

In this episode of WealthStyle, Iván Watanabe and Evan Wohl sit down with Tom Hegna, a retirement expert, best-selling author, public TV host, and international speaker!

Together, they explore:

Seven simple steps for a financially secure retirement
What drives happiness and longevity in retirement (based on research)
How you can achieve guaranteed lifetime income and a blissful retirement
Benefits of annuities and the different types available in the market
How to make your life purposeful and socially engaging during retirement
And more

Resources:

Decreasing Investment Loss During Retirement with Dr. Wade Pfau
“Paychecks and Playchecks: Retirement Solutions for Life” by Tom Hegna
“Don’t Worry, Retire Happy! Seven Steps to Retirement Security” by Tom Hegna
“Retirement Income Masters: Secrets of the Pros” by Tom Hegna

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Connect with Tom Hegna:

About Tom Hegna:

Tom Hegna is an economist, author, and retirement expert. As a former First Vice President at New York Life, retired Lieutenant Colonel, and economist, Tom has delivered over 5,000 seminars on his signature “Paychecks and Playchecks” retirement approach, helping baby boomers and seniors retire the “optimal” way.

Tom specializes in creating simple and powerful retirement solutions. He has the unique ability to pump up a crowd, make people laugh, and solve complex financial problems using easy-to-understand words, ideas, and stories. He’s been featured in Business, Forbes, Money Rates, and many other leading publications. He is available to speak with businesses, government organizations, professional associations, financial professionals, and their clients across the globe.

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Teaching Gratitude and Generosity in an Affluent Home

By wealthstylepodcast | June 5, 2023

How can you help your child(ren) be responsible, humble, and respectful?

What are the necessary skills required to teach life-long behaviors?

In today’s episode of WealthStyle, Iván Watanabe and Evan Wohl learn a few parenting tactics that helped their fellow colleague Russ Carpentieri raise well-rounded, independent children.

Listen in as Russ shares his experience as a father and highlights the following: