Nuggets of Knowledge with Chris Bowman and Jon Floyd

n this episode of Nuggets of Knowledge, Chris Bowman discusses the essential steps to finding the right financial advisor and the importance of having a solid financial plan. The conversation highlights the value of professional guidance in managing investments, planning for retirement, and ensuring financial health. Chris emphasizes the need for continuous evaluation of financial strategies and the significance of estate planning ...

In this episode of Nuggets of Knowledge, the hosts discuss the importance of continuing to invest after retirement, emphasizing the need for a solid financial plan to ensure longevity and sustainability. They explore the impact of inflation on purchasing power, the unpredictability of healthcare costs, and the necessity of budgeting for unexpected family support. The conversation also delves into legacy planning, highlighting the i...

In this episode of Nuggets of Knowledge, Chris Bowman and John Floyd from Prospect Wealth Advisors discuss strategies to combat economic downturns and inflation, emphasizing the importance of financial planning and risk assessment. They also delve into common misconceptions about estate planning, highlighting that it is essential for everyone, regardless of wealth, and that a will alone is insufficient for comprehensive estate mana...

The conversation explores the significant changes in retirement planning over the past two decades, emphasizing the need for comprehensive financial and estate planning. It highlights the challenges faced by modern retirees, including rising healthcare costs, the importance of having a solid income plan, and the necessity of discussing end-of-life decisions with loved ones. Shocking statistics reveal the financial struggles many Am...

This conversation explores the significant impacts of the retirement of baby boomers on social security, healthcare, and economic systems. It discusses the challenges retirees face, including potential changes to benefits, increased healthcare costs, and the importance of estate planning. The hosts emphasize the need for proactive financial planning, especially for those approaching retirement, and highlight the complexities that a...

The conversation explores the significant changes in retirement planning over the past two decades, focusing on the shift from defined benefit plans to defined contribution plans, the rise of health savings accounts, the importance of estate planning, and the various types of annuities available. The hosts emphasize the need for individuals to take responsibility for their retirement savings and the importance of understanding fina...

In this episode of Nuggets of Knowledge, Chris and John from Prospect Wealth Advisors discuss the importance of seasonal financial planning, focusing on how different seasons can symbolize various stages of retirement planning. They emphasize the significance of starting early with savings, nurturing growth during peak earning years, harvesting gains as one approaches retirement, and enjoying the fruits of labor while planning for ...

In this episode of Nuggets of Knowledge, Chris and Jon discuss various topics related to retirement planning, including the implications of the Secure Act and Secure Act 2.0, strategies for maximizing Social Security benefits, and insights from the Blue Zones that promote longevity. They also share tips for healthy living and announce an upcoming estate planning workshop, concluding with a light-hearted taco review segment. I The c...

This conversation explores the evolution of retirement planning over the past two decades, highlighting the challenges faced by modern retirees, the impact of increased life expectancy, and the importance of estate planning. The hosts discuss the concept of Blue Zones and how lifestyle choices can enhance quality of life in retirement. They also share insights from the estate of James Brown, emphasizing the need for proper planning...

In this episode of Nuggets of Knowledge, Chris and Jon discuss the critical questions individuals should ask their financial advisors regarding inflation and its implications for retirement planning. They emphasize the importance of having a written financial plan, especially in the current economic climate. The conversation also touches on estate planning, highlighting a case study of a celebrity who failed to plan adequately, lea...

In this episode, the hosts discuss the implications of investing during an election year, emphasizing the importance of staying calm and sticking to a financial plan despite market fluctuations. They explore historical market trends, the significance of risk management, and lessons learned from millionaires regarding consistent investing and spending discipline. The conversation also highlights the necessity of estate planning and ...

In this episode of Nuggets of Knowledge, Chris and Jon from Prospect Wealth Advisors discuss the impact of inflation on retirement planning, emphasizing the importance of having a long-term financial plan. They explore how inflation affects cash flow, the necessity of adjusting retirement portfolios, and the critical role of estate planning. The conversation also includes a light-hearted taco review segment, followed by a discussio...

In this episode of Nuggets of Knowledge, the hosts discuss essential aspects of retirement planning, including the desire for early retirement, managing debt, understanding risk tolerance, and the importance of estate planning. They highlight the differences between wills and trusts, the probate process, and the role of technology in modern estate planning. The conversation also touches on celebrity estate planning failures and ans...

The conversation discusses the impact of the current economic landscape on the average investor and provides advice on how to navigate through it. The hosts emphasize the importance of staying calm and not making knee-jerk emotional responses to market fluctuations. They stress the need for a well-defined retirement plan and the importance of periodically reviewing and adjusting it. The conversation also touches on the topic of est...

n this episode of Nuggets of Knowledge, Chris and Jon discuss retirement saving strategies, tax tips, and the importance of estate planning. They explore the benefits of Roth IRAs and Roth 401(k)s, highlighting the potential tax advantages and flexibility they offer. The hosts also emphasize the importance of having an estate plan in place to protect assets and ensure that one's wishes are carried out. They share stories of celebri...

The conversation explores the dangers of financial advice on social media and the importance of being cautious when following influencers. It also discusses the misconceptions surrounding 401(k) plans and the benefits they offer. The hosts debunk myths about debt and highlight the need for responsible financial planning. They emphasize the importance of seeking advice from fiduciaries and offer free portfolio reviews. The conversat...

The conversation revolves around retirement planning and the importance of having a checklist and a written plan. The hosts discuss the need for a comprehensive and customized retirement plan that takes into account investments, savings, risk tolerance, and expenses. They emphasize the importance of aligning risk tolerance and risk exposure and setting proper expectations to avoid disappointment. The hosts also touch on the topics ...

The conversation discusses different types of inflation, including inflation, stagflation, and shrinkflation, and their impact on retirement planning. It emphasizes the importance of understanding and proactively preparing for these types of inflation to avoid a decrease in purchasing power during retirement. The conversation also touches on the topic of estate planning and the significance of having an estate plan in place to ensu...

Creating an estate plan is essential to protect your wealth and ensure your wishes are followed after your death. Without an estate plan, your assets may go to the state and be divided according to their rules. An estate plan includes documents like a revocable living trust, wills, powers of attorney, and healthcare directives. These documents help designate beneficiaries, executors, and decision-makers in case of incapacitation. I...