Tag: Financial Advisor
Empowering Women to Take Charge of Wealth with Shannon Spotswood (Ep. 15)

Empowering Women to Take Charge of Wealth with Shannon Spotswood (Ep. 15)

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Women are poised to control more wealth than ever before, but they continue to face unique challenges in financial planning.

How can advisors create genuine connections to help women achieve financial confidence and purpose-driven wealth management?

In this episode of EXTRAordinary Retirement, hosts Nate Yeomans and Greg Indovina welcome Shannon Spotswood, CEO of RFG Advisory and recognized leader in the financial services industry. 

Shannon shares her insights on the transformative power of women and wealth, drawing on her personal journey and professional experience. 

Listeners will learn about the unique financial challenges women face, the importance of financial literacy, and how women can achieve financial stability and independence by building self-confidence in managing their finances.

They discuss: 

  • Shannon’s journey in financial services
  • The statistic that 70% of women leave their financial advisors in the event of death or divorce.
  • “StrongHer Money” initiative aimed at empowering women to live financially fearless
  • The upcoming generational wealth transfer and women’s pivotal role in managing this change
  • And more!

Resources:

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About Shannon Spotswood:

Shannon Spotswood is a 25+ year industry veteran in financial services with an outstanding reputation built on leadership roles in professional management, investment banking, hedge fund management and business development. At RFG Advisory, Shannon oversees all aspects of RFG 2.0, a fully integrated platform designed for independent financial advisors and the implementation of strategic initiatives contributing to advisor success. Joining RFG Advisory in 2015, Shannon recognized the opportunity to combine her entrepreneurial experience with her passion to build an innovative, advisor-focused RIA of the future.

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Wills, Trusts, and Proactive Estate Planning With Kevin Forbush (Ep. 14)

Wills, Trusts, and Proactive Estate Planning With Kevin Forbush (Ep. 14)

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Have you ever wondered how to protect your legacy and ensure peace of mind for your loved ones?

In this episode of EXTRAordinary Retirement by Design, Nate and Gregg welcome Kevin Forbush, an experienced estate planning attorney, to discuss the critical importance of estate planning. 

You’ll gain invaluable insights into why estate planning isn’t just for the wealthy, the potential consequences of delaying your planning, and practical steps you can take today to minimize estate taxes and protect your assets from creditors.

They discuss:

  • Introduction to Kevin Forbush and his experience in estate planning.
  • The necessity of estate planning for everyone, not just the wealthy.
  • Strategies to minimize estate taxes and the tools you can use.
  • Understanding the complexities of choosing the right trustee for your estate.

 

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About our Guest: 

Kevin is an attorney licensed in Colorado, Texas, and Wyoming. He is also a CPA actively licensed in Colorado. His combination of legal and accounting experience makes Kevin uniquely qualified to counsel clients on the complex issues where the law, taxes and financial matters intersect. Kevin focuses his practice on estate planning, tax planning, asset protection and business planning.

Kevin earned his Bachelor of Science in Business Administration (with a concentration in Accounting) from California State University, San Bernardino, in 1982 and his Juris Doctor, cum laude, from the University of California, Hastings College of Law in 1988. Kevin retired in 2006 as a Lieutenant Colonel from the United States Air Force Reserves after 24 years of active-duty and reserve service. He served most of his military career as a member of the Air Force Judge Advocate General (JAG) Corps.

​He is currently a member of the Colorado State Bar, the Trust and Estates Section of the Colorado Bar Association, the El Paso County Bar Association, the State Bar of California, and the Colorado Springs Financial Planning Association (FPA). Kevin was selected as the 2009 Best Lawyer by the Colorado Springs Independent. He is a member of the Laureate Circle for Wealth Advisors. 

​Kevin lives in Colorado Springs, Colorado, with his wife and best friend of 28 years, Elizabeth “Beth” Morgan, Ph.D. Kevin and Beth have four children and seven grandchildren. Kevin & Beth enjoy their family and dog, “Timber”, spending time at their place in Orlando, Florida, and participating in tennis and all the other outdoor opportunities that living on the Front Range of the Rocky Mountains has to offer.

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Universal Investment Wisdom (Ep. 13)

Universal Investment Wisdom (Ep. 13)

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Investments are a key component of your retirement plan. Interested in understanding more about maximizing your investments?

Gregg Indovina and Nate Yeomans discuss foundational investment principles and the role of investments in financial planning. They explore setting specific goals, maintaining realistic return expectations, understanding market trends, and the importance of understanding risk and volatility.

Nate & Gregg discuss:

  • The importance of setting specific goals in investing and how it helps maintain focus and purpose.
  • How realistic return expectations can help manage emotions during market cycles.
  • The role of understanding market trends and managing risk in achieving investment success.
  • The necessity of having an investment strategy and the discipline to execute it to avoid emotional decisions.
  • The impact of investor psychology on investment outcomes and the importance of staying focused on long-term goals despite short-term market fluctuations.
  • And more.

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The Return on Life Manifesto (Ep.12)

The Return on Life Manifesto (Ep.12)

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Gregg Indovina and Nate Yeomans introduce the transformative Return on Life Manifesto, shifting the focus to living a deeply fulfilling and intentional retirement.

They discuss the evolution of the financial planning industry and the revolutionary concept of Return on Life. They explore how your relationship with money impacts your happiness in retirement and provide actionable insights to personalize your planning. 

Other episode discussions include:

  • Understanding Return on Life: Learn how this new paradigm in financial planning puts your life goals at the center
  • Insights on shifting focus from return on investment to return on life
  • Exploring how your past, present, and future relationship with money influences your retirement
  • How to make intentional, impactful decisions for a fulfilling life post-retirement

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Unlocking the Secrets of Social Security (Ep. 11)

Unlocking the Secrets of Social Security (Ep. 11)

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Are you getting the most out of your Social Security benefits? Does your strategy connect Social Security with the rest of your retirement plan?

Nate Yeomans and Gregg Indovina dive into the historical context of Social Security, shedding light on its inception as a solution to address the challenges of retirement in America. Together they discuss the intricacies of Social Security. Whether you’re approaching retirement or reevaluating your plan, this discussion covers the foundational knowledge and strategic considerations vital for enhancing your benefits. 

Nate & Gregg discuss: 

  • Understanding the calculation and significance of earning credits.
  • The crucial role of full retirement age in your Social Security strategy.
  • Strategies for spousal and survivor benefits to maximize household income.
  • The impact of early retirement and income limits on your benefits.
  • And more

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The Psychology of Spending Money in Retirement (Ep.10)

The Psychology of Spending Money in Retirement (Ep.10)

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Are you ready to tackle the psychological hurdle of spending in retirement?

Join Nate Yeomans and Gregg Indovina as they delve into the intricate dynamics of our relationship with money during retirement. Unpacking the shift from saving to spending, they offer practical strategies to start living a more enriched and rewarding retirement.

In their discussion, Nate & Gregg cover:

  • The psychological hurdles of using retirement savings.
  • Tips for transitioning from saving mode to spending mode.
  • Crafting a meaningful retirement plan.
  • Concrete steps to overcome the fear of depleting retirement funds.
  • And much more.

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The Importance of Finding the Right Financial Advisor (Ep. 9)

The Importance of Finding the Right Financial Advisor (Ep. 9)

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Are you asking the right questions about your retirement planning? Organizing your financial future starts with finding the perfect advisor.

Nate Yeomans and Gregg Indovina discuss the importance of asking crucial questions when choosing a financial advisor, understanding the impact of involving your spouse in financial decisions, and ensuring your retirement readiness with professional insights.

Nate & Gregg discuss: 

  • Why selecting the right financial advisor is crucial for retirement planning
  • What are the key questions to consider when choosing a financial advisor
  • How important is it to involve your spouse in financial discussions
  • The importance of ensuring financial stability and preparedness for the future
  • And more

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Navigating Long-Term Care in Retirement: Strategies for Financial Security (Ep. 8)

Navigating Long-Term Care in Retirement: Strategies for Financial Security (Ep. 8)

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How can you effectively manage long-term care expenses? What financial impact could this have on your retirement savings, your spouse, and the legacy you hope to leave behind?

Join Nate Yeomans and Gregg Indovina as they tackle the critical topic of managing long-term care costs in retirement. Discover the potential impact of these expenses on your retirement savings, spouse, and family legacy, and gain valuable insights into effective strategies for planning and mitigating financial risks.

Explore the intricacies of retirement planning with a focus on long-term care, including the importance of early preparation, the asset-based approach for covering expenses, and the role of Medicaid as a potential option.

Nate & Gregg discuss: 

  • What is the impact of long-term care costs on retirement plans
  • When should you start looking for options to manage long-term care expenses
  • How does the asset-based approach work for covering long-term care costs
  • Why might Medicaid be considered as an option for long-term care coverage
  • And more

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Protecting Your Retirement Income: Strategies to Navigate Market Uncertainty (Ep. 7)

Protecting Your Retirement Income: Strategies to Navigate Market Uncertainty (Ep. 7)

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No one can control or understand how the market will move in the future. What you can do is prepare for the eventuality and secure your investments. How are you protecting your retirement income from unexpected market changes?

Nate Yeomans and Gregg Indovina discuss the difficulties of securing income during retirement, emphasizing the risks associated with the sequence of returns. They scrutinize the conventional 4% withdrawal guideline and propose different approaches such as time segmentation and variable withdrawal rates to maintain a steady income throughout retirement. 

Nate & Gregg focus on: 

  • What are the challenges and risks associated with retirement income
  • What is a sequence of returns risk, and how does it impact a retiree’s financial plan
  •  How do different approaches to retirement income planning, such as time segmentation and dynamic distribution rates, propose to address retirees’ needs
  • Why is managing retirement income sustainability throughout retirement important
  • And more

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Living the EXTRAordinary Retirement by Maximizing Lifetime Fulfillment (Ep. 6)

Living the EXTRAordinary Retirement by Maximizing Lifetime Fulfillment (Ep. 6)

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What is the ultimate goal of retirement? For most, the focus on money alone can get in the way of creating the life of your dreams. How do you maximize lifetime fulfillment in retirement?

Join Nate Yeomans and Gregg Indovina as they question the traditional retirement mindset and explore ways to have a truly fulfilling retirement, without any regrets. They stress the value of being mindful of our spending so that we can create lasting memories.

Nate & Gregg discuss: 

  • The two unacceptable retirement planning outcomes
  • Exchanging dollars to create the ultimate dividend – memories
  • The retirement cake and gaining confidence to live your best life
  • Conquering the artificial finish line by living now
  • Nate and Gregg’s motivation for running Design Wealth
  • Blessing your children with a warm hand
  • Financial planning tools to create an EXTRAordinary retirement
  • And more

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Content here is for illustrative purposes and general information only. It is not legal, tax, or individualized financial advice; nor is it a recommendation to buy, sell, or hold any specific security, or engage in any specific trading strategy. Results will vary. Past performance is no indication of future results or success. Market conditions change continuously.

This commentary reflects the personal opinions, viewpoints and analyses of Design Wealth Advisors. It does not necessarily represent those of RFG Advisory, their clients, or their employees. This commentary should not be regarded as a description of advisory services provided by Design Wealth Advisors or RFG Advisory, or performance returns of any client. The views reflected in the commentary are subject to change at any time without notice.

Advisory services offered by Investment Advisory Representatives of RFG Advisory, a registered investment advisor. Design Wealth Advisors and RFG Advisory are unaffiliated entities. Advisory services are only offered to clients or prospective clients where RFG Advisory and its representatives are properly licensed or exempt from licensure. No advisory services may be rendered by RFG Advisory unless a client agreement is in place.