Tag Archives: Financial Planning

Why Financial Planning for Women is Different (Ep. 68)

Finance, Financial, Retirement, , , , ,

Financial planning is not the same for everyone, and those differences are particularly distinct between men and women. Interestingly, according to Raymond James, more than 51% of the personal wealth in this country is controlled by women – and that number is growing. But women often feel less comfortable with their financial independence and even face financial challenges their male counterparts do not. In this episode, Jeff Green and Lauren Smith bring to light some of the unique considerations women may want to take into account for their financial and retirement planning, including:

  • Women tend to live longer than men, which may impact when they take Social Security
  • Women tend to earn less in their careers over their lifetime, which needs to be factored into financial and retirement plans
  • Women tend to be the primary caregivers of children and other family members, which can impact the types of financial decisions they need to make
  • Women who are widowed or go through a divorce have unique, specific needs that should be addressed quickly within a window of time
  • How working with a financial advisor versed in the unique needs of women, like Lauren Smith, can be incredibly beneficial for tailoring financial planning for women
  • And more…

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What You Can Do In The Face Of Inflation (Ep. 66)

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Inflation is here and it’s no joke. Prices are going up. Returns in the market seem to be going down. And it can be confusing to know how to set yourself up for success. In this episode of The Green Zone Podcast, Jeff Green and Lauren Smith discuss what’s going on with inflation and how each of us as individuals may want to consider approaching our finances during this time. Together they discuss:

  • Why do we have inflation?
  • The silent effects of inflation
  • What types of assets increase in cost and value during inflationary times
  • Strategies for the “average Joe” to approach financial management during a recessionary time
  • And more!

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What You Need To Know About The Secure Act 2.0 (Ep. 65)

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Do you understand how the changes to the Secure Act will affect you? Don’t worry, we won’t ask you to read the 4,155-page document to find out. Instead, Jeff Green and Lauren Smith will discuss some of the key takeaways of the Secure Act 2.0 and how it may impact you in this episode of The Green Zone Podcast. Together they discuss:

  • What the Secure Act is and who it applies to
  • The updated age for RMDs (Required Minimum Distributions) and how to be strategic about taking yours
  • How RMD penalties have been reduced
  • The way increased catch-up provisions can benefit you
  • Why you may want to consider a larger charitable donation this year
  • And more!

 

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Please Note: While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional. RMD’s are generally subject to federal income tax and may be subject to state taxes. Consult your tax advisor to assess your situation. Opinions expressed those of the Jeff Green and Lauren Smith and are not necessarily those of Raymond James. All opinions are as of this date and are subject to change without notice.

 

 

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The Importance Of Setting Financial Resolutions (Ep. 64)

Finance, Financial, Investing, Retirement, , , , , ,

In this episode of The Green Zone Podcast, Jeff and Lauren discuss the importance of setting simple yet effective financial goals and resolutions – including how to ensure you pick the ones that are right for you. Together, they discuss ways to:

  • Intentionally set aside and save more money
  • Leverage credit card points and benefits
  • Improve your credit score
  • Set and maintain a realistic budget
  • Consolidate debt (including credit card debt)
  • Rely on apps and technology to help you reach your goals
  • And so much more!

Resources

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Starting Your Career in Financial Services with Melanie Knight (Ep.45)

Finance, Financial, Investing, Retirement, , , , , , , , ,

Everybody has their own personal experiences which helped them kick start their career in the financial industry.

In this episode, Jeff Green and Lauren Smith talk with Melanie Knight, director of operations and client services at Green Financial Group, to discuss her experience going directly from college to starting her career at Green Financial Group. 

Melanie discusses:

  • The responsibilities of client service within Green Financial Group
  • The typical day working as a financial professional
  • The environment of graduating college during Covid and how different it is compared to pre-pandemic years
  • How she finds balance between work and everyday life
  • And more!

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About Our Guest:

Melanie Knight is one of those people who just like to get things done. As the Director of Operations and Client Services at Green Financial Group, she does just that while supporting clients and their families with important administrative and clerical tasks, directing the team’s internal operations, and serving as a friendly liaison for clients. She finds an immense amount of satisfaction in helping a client with any issue, small or large, from opening new accounts to facilitating money transfers to helping generate annual reports.

 

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Critical Financial Discussions To Have With Your Aging Parents & Kids (Ep.44)

Finance, Financial, Investing, Retirement, , , , , , , ,

Having conversations about family wills can be tough. How do you start that conversation from one family to another?

In this episode, Jeff and Lauren share some advice surrounding the later stages of life and what they entail in terms of finances. They also highlight how discussing these things, despite how morbid they may sound, is so important and will benefit everyone in the long run.

Jeff and Lauren discuss:

  • The important discussions about wills that should happen between parents and children in the parents’ later stages of life
  • The importance of uploading, saving, and giving access to financial wills to other family members
  • How medical directors can serve your best interest in the future
  • How they extend their relationships with clients and allow themselves to be a resource to many families
  • And more!

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