Riverbank Riches (Video) with Desmond Taylor: Navigating Financial Wisdom

Current State of the Markets & Investing with Matt Heimann, CFA (Part 1)

The past few years have been marked by incredible volatility in the stock market, which has created plenty of uncertainty for investors. Just in the past five years, we’ve seen the market crash during COVID, high inflation and interest rates, and bonds falling sharply alongside equities in 2022.
It’s no surprise that some people have chosen to stay on the sidelines when it comes to investing. They’ve chosen to remain conservative and keep their money in cash or very safe investments like savings accounts and CDs. But should you be concerned about being invested in today’s environment?
We’re excited to be joined by Chartered Financial Analyst Matt Heimann, Director of Asset Management at CreativeOne Wealth to get his insight on the market and economy. With experience with the Federal Reserve and as a Chief Investment Officer, Matt provides his valuable perspective on building portfolio and navigating a volatile market.
 
Here’s some of what we cover in this episode:
How the Federal Reserve uses interest rates to combat inflation and unemployment.
Which will way interest rates move in the near future?
The two risks we should be focused on today.
What strategies you can use to offset the fear of a possible recession?
 
Connect with Matt: https://www.linkedin.com/in/mattheimanncfa 
 
Contact Desmond:
Visit https://www.clcfinancial.com/ or call 910-323-5700.

Retirement Planning Is Harder Than It Used To Be

Every generation likes to talk about how much harder things used to be when they were kids. Like all of the people who used to have to walk five miles to school, in the snow, uphill both ways. But they had at least one thing that was EASIER…and that was retirement planning. Let’s talk about why on today’s episode.
 
Here’s some of what we cover in this episode:
In past generations, it was common to work for the same company for most, if not all, of one's career.
With the prevalence of pensions and other employer-sponsored retirement plans, there was less pressure on individuals to save independently for retirement.
The modern landscape of complex financial products did not exist, making investment decisions simpler for retirees.
In recent times, retirees face escalating healthcare costs, which can consume a significant portion of their retirement savings.
With an aging population, there are fewer workers supporting more retirees, putting strain on the Social Security system, and potentially affecting future payouts.
 
Contact Desmond:
Visit https://www.clcfinancial.com/ or call 910-323-5700.

How One Overlooked Issue Can Sink Your Retirement

Imagine your retirement plan as a ship sailing toward a horizon of rest and relaxation. But what if one leak could sink it all? In today’s episode, we spotlight some of the single oversights that could send your dreams to the bottom.
We'll share key strategies to plug the gaps, ensuring your financial ship stays buoyant and on course. Tune in to protect your future from the one mistake that could derail everything.
Also, stay tuned until the end to see the debut of Riverbank Riches, a segment where Desmond will respond to a viral financial clip to add perspective and insight you won’t find on social media.
 
Here’s some of what we cover in this episode:
Longevity risk and how life expectancy factors into retirement planning.
Investment strategies to keep pace with, or beat, inflation.
The importance of considering long-term care costs in retirement planning.
The potential impact of market volatility on retirement savings
The impact of potential tax increases on retirement income.
 
Contact Desmond:
Visit https://www.clcfinancial.com/ or call 910-323-5700.
Contact Desmond:
Visit https://www.clcfinancial.com/ or call 910-323-5700.

With Higher Interest Rates, Is “Lazy Money” Still A Concern In 2024?

Is 'Lazy Money' still a concern in 2024's higher interest rate landscape? In this episode, we explore this question, examining how the recent rise in interest rates affects the money sitting in savings accounts, CDs, and conservative investments.
We'll discuss the new dynamics of managing your funds in a world where traditional saving methods are seeing better returns. Are these options now a viable part of a savvy investment strategy, or are there still better ways to make your money work harder for you?
 
Here’s some of what we cover in this episode:
What would we consider ‘lazy money’?
Why taking advantage of the rates now is a good thing but it still might not keep pace with inflation.
The most common reasons why people keep too many conservative investments.
How we help our clients through our advisory services when it comes to investing.
 
Contact Desmond:
Visit https://www.clcfinancial.com/ or call 910-323-5700.

Crafting a Successful Financial Snowman

Just like building a snowman in the crisp winter air, creating a structurally sound retirement strategy requires careful consideration and planning. From establishing a solid base to adding protective layers, we’re here to ensure your financial landscape remains cool and stable.
Tune in and learn how to build a financial snowman that stands the test of time. And who knows, maybe we’ll even get a little snow in eastern North Carolina this year so that we can build our own snowman. Bundle up and let’s get to building.
 
Here’s some of what we cover in this episode:
A solid foundation of savings is crucial for a successful retirement plan.
Setting clear retirement goals is essential for creating a plan that aligns with your aspirations.
Diversification is key to adding depth and uniqueness to your investment portfolio.
Flexibility and adaptability are important qualities for a retirement plan to withstand changing circumstances.
Protecting your assets and planning for different market conditions is crucial for long-term financial security.
Blocking out noise and staying focused on your goals is essential in navigating the financial landscape.
 
Contact Desmond:
Visit https://www.clcfinancial.com/ or call 910-323-5700.

Business Brokerage Challenges, Technology, and Future Growth with Ashley Kelsey (Part 2)

Ashley Kelsey, CBI is a Senior Business Advisor with Transworld Business Advisors of Eastern NC and has worked with all types of business owners to connect them with the right buyers when they’re ready to exit. In this two-part series, we’ll talk in-depth about the business brokerage industry with this episode focusing on their process, success stories, and the advice she’d give both buyers and sellers.
 
Part two will focus on recent trends in the economy, the role of technology in buying and selling businesses, and what the future of the brokerage business could look like.
 
Here’s some of what we cover in this episode:
How the macro events in the economy impact the work they’re doing with business owners.
What problems are created when there’s the possibility of a government shutdown?
How is technology and things like AI changing the way they do business?
Why she thinks this industry will continue growing in the coming years.
Ways in which they customize their approach to meet the needs of all types of businesses.
 
To get in contact with Ashley:
910-302-6447 cell (preferred)
Akelsey@tworld.com
201 Hay Street Suite 401-B
Fayetteville, NC 28301
www.transworldeast.com
 
Contact Desmond:
Visit https://www.clcfinancial.com/ or call 910-323-5700.

Business Brokerage Challenges, Advice, and Success Stories with Ashley Kelsey (Part 1)

Having an exit plan for your business isn't easy and business owners struggle with this transition all the time. Today we're going to talk with someone from the business brokerage industry who helps connect buyers and sellers to find out how the process works, learn more about how it can alleviate some of the challenges facing owners, and hear a few success stories she's been a part of.
 
Here’s some of what we cover in this episode:
A rundown of how Transworld helps businesses and what sets them apart from other brokerage firms.
Two real-life examples of completely different businesses and how they found the best deal for them.
The challenges that are facing the industry right now.
Advice for both buyers and sellers that are in the market.  
 
To get in contact with Ashley:
910-302-6447 cell (preferred)
Akelsey@tworld.com
201 Hay Street Suite 401-B
Fayetteville, NC 28301
www.transworldeast.com
 
Contact Desmond:
Visit https://www.clcfinancial.com/ or call 910-323-5700.

End of Year Financial Planning For 2023

Join us for a thoughtful episode where we unpack our 2023 edition of key year-end planning strategies for those nearing or embracing their retirement years. We'll explore the nuances of optimizing your investment portfolio, safeguarding your assets, and ensuring a stable, rewarding lifestyle in the years to come.
 
Together, we'll navigate through essential topics like managing RMDs, exploring tax-saving opportunities, and even touching on the often-overlooked emotional aspects of this pivotal life transition.
 
Here’s some of what we discuss in this episode:
What is Desmond most thankful for this year as we approach Thanksgiving?
How to evaluate your investments and portfolio heading into the new year?
Should you consider a Roth conversion?
Assessing your spending and budget.  
 
Contact Desmond:
Visit https://www.clcfinancial.com/ or call 910-323-5700.

The Universal Truths of Retirement (Part 2)

This two-part series will juxtapose the individuality of retirement plans with the foundational principles that remain consistent across the board. Join us as Desmond finishes out the top 10 with five more truths everyone needs to take into account when building a plan.
 
Here are the five truths we cover in this episode:
Diversification is Essential for Risk Management.
Emotions Can Be an Investor's Worst Enemy.
Tax Implications Matter.
Retirement Doesn't Mean Complete Disengagement from Work.
Estate Planning Isn't Just for the Wealthy.
 
Contact Desmond:
Visit https://www.clcfinancial.com/ or call 910-323-5700.
 

The Universal Truths of Retirement (Part 1)

Dive deep in this two-part series, where we juxtapose the individuality of retirement plans with the foundational principles that remain consistent across the board. Join us as Desmond tells you about 10 different retirement truths and how they can have an impact on retirement. This episode will tackle the first five and we’ll tell you why you need to account for each of these in your retirement plan.
 
Here are the five truths we cover in this episode:
Everybody needs an income plan.
Everybody needs a plan to address long-term care issues.
Nobody can consistently time the stock market successfully.
Nobody knows how long they’re going to live.
Money sitting in cash isn’t keeping up with inflation.
 
Resources for this episode: 
https://www.ssa.gov/oact/STATS/table4c6.html 
https://www.crfb.org/blogs/just-how-big-are-federal-interest-payments 
 
Contact Desmond:
Visit ⁠https://www.clcfinancial.com/⁠ or call 910-323-5700.