All posts by thelifebydesignpodcast

Episode 15 – Meet Rich Todd



In this episode of The Life By Design Podcast, Royal Standley introduces us to a special guest. Financial planner Rich Todd has worked at Oregon Pacific for 11 years. Rich shares with us his background and experience, what inspired him to start his career in financial planning, and how he manages to give clients a new perspective on their money.

In today’s episode, you’ll learn:

  • About Rich’s decision to get into financial planning after working with tech companies in California
  • About Rich’s areas of specialization
  • Who his heroes are
  • His most recommended advice to clients
  • And more!

Tune in now and learn more about the Oregon Pacific family!

Resources:  Oregon Pacific Financial Advisors, Inc.

Advisory Services offered through Oregon Pacific Financial Advisors, Inc. Securities offered through United Planners Financial Services of America, Member FINRA / SIPC. Oregon Pacific Financial Advisors, Inc., and United Planners Financial Services are independent companies.

 


Episode 14 – Building Your Financial Success Team



To have success in your financial life, you need to have a team that can provide you with the best professional advice. Finding the right team can save you from making costly mistakes, and that can make a huge difference in your financial future.

Start putting all of your pieces in place with Royal Standley’s help, as he shares expert advice and guides you through the importance of building your financial success team.

In today’s episode you’ll learn:

  • How to find the right team members for you
  • Who to include in your team
  • Differences between financial advisors and financial planners
  • Benefits of collaboration in maximizing financial success
  • Unexpected members to include in your team
  • How to know when it’s time to make changes to your team
  • And more!

Tune in now and learn how to optimize your financial outcomes by having the right people by your side!

Resources:  Oregon Pacific Financial Advisors, Inc.

Advisory Services offered through Oregon Pacific Financial Advisors, Inc. Securities offered through United Planners Financial Services of America, Member FINRA / SIPC. Oregon Pacific Financial Advisors, Inc., and United Planners Financial Services are independent companies.

 


Episode 13 – Is Diversifying into Real Estate Right for You?



It is a well-known fact that diversifying into real estate is one of the best ways for Americans to build wealth.

But the decision to diversify into real estate shouldn’t be taken lightly. There are many factors to consider before diversifying and, with so much information out there, it’s understandable that investors have a lot of questions about this strategy.

Royal Standley is here to answer these questions. In this episode, he shares his knowledge about investing in real estate to help you clear the clouds of confusion around it.

In today’s episode you’ll learn:

  • What to consider if you’re thinking about investing in real estate
  • About the best strategies to start diversifying into real estate
  • What “buying and selling on a note” means
  • What you should know about interest rates and how they can affect your investment
  • How real estate works as an asset class
  • The differences between real estate investment trust versus rental real estate investment trust
  • How long it could take to generate an income from rentals
  • And more!

Tune in now to learn more about diversifying into real estate and whether it is the right step for you!

Resources:  Oregon Pacific Financial Advisors, Inc.

Advisory Services offered through Oregon Pacific Financial Advisors, Inc. Securities offered through United Planners Financial Services of America, Member FINRA / SIPC. Oregon Pacific Financial Advisors, Inc., and United Planners Financial Services are independent companies.

 


Episode 12 – Let’s Talk About Your Money and Your Taxes



Money. It’s not the easiest subject to talk about or the most comfortable.

But today, you can rely on Royal Standley’s experience as he sheds more light on important subjects to help you plan for your financial future. This episode is all about understanding what different ways of gaining and saving money could mean for your tax return.

In today’s episode, you will learn:

  • About qualified and non-qualified money and how they affect your taxes
  • Whether it is possible to transfer money from an old 401(k) to a new 401(k)
  • Why Roth IRAs and Roth 401(k)s are some of the most powerful retirement-planning tools
  • Why it’s beneficial to roll money into only one or two accounts
  • About the advantages of a Roth 401(k) and a Roth 403b
  • About different types of annuities
  • And more!

Tune in now and gain clarity about money, savings, and tax time!

Resources:  Oregon Pacific Financial Advisors, Inc.

Advisory Services offered through Oregon Pacific Financial Advisors, Inc. Securities offered through United Planners Financial Services of America, Member FINRA / SIPC. Oregon Pacific Financial Advisors, Inc., and United Planners Financial Services are independent companies.

 


Episode 11 – Answers to Clients’ Most-Asked Questions: Part 3



Asking the right questions will get you the right answers. This becomes especially important when you are choosing a financial advisor.

In the last part of his most-asked-questions miniseries, Royal Standley uncovers information frequently requested by potential clients.

In this episode you’ll learn:

  • How to determine which type of investments are best for you
  • How the allocation of your portfolio will help you as your financial horizon changes
  • How to know when to start taking Social Security benefits
  • About the upsides of deferring Social Security
  • And more!

Tune in now and learn how Royal uses his expertise to answer questions from real clients. If you would like your questions answered, you can contact Royal directly at royal@opfa.com.

Resources:  Oregon Pacific Financial Advisors, Inc. | How the Life by Design Podcast can help you dream big | Episode 10

Advisory Services offered through Oregon Pacific Financial Advisors, Inc. Securities offered through United Planners Financial Services of America, Member FINRA / SIPC. Oregon Pacific Financial Advisors, Inc., and United Planners Financial Services are independent companies.

 


Episode 10 – Answers to Clients’ Most-Asked Questions: Part 2



Are you thinking about working with a financial planner, but you’re not sure what questions to ask?

Then you’re in the right place! Royal Standley is back to answer your biggest questions about working with a financial advisor. In part two, you’ll learn the answers to the most-asked questions that potential clients ask him and his team at Oregon Pacific Financial Advisors.

In this episode, you’ll learn:

  • How new tax laws could affect your retirement and tax return
  • Whether your IRA contribution is still deductible under the new tax laws
  • How and when to join your retirement plan at work
  • Three options to take with your 401(k) when you change jobs
  • Whether you should pay off debt first or start saving for retirement
  • Emergency savings guidelines
  • And more!

Tune in and learn the answers to the most-asked financial planning questions! You can also get your questions answered in the next podcast by emailing Royal at royal@opfa.com.

Resources:  Oregon Pacific Financial Advisors, Inc. | How to use Dave Ramsey’s Baby Steps | Episode 9

Advisory Services offered through Oregon Pacific Financial Advisors, Inc. Securities offered through United Planners Financial Services of America, Member FINRA / SIPC. Oregon Pacific Financial Advisors, Inc., and United Planners Financial Services are independent companies.

 


Episode 9 – Answers to Clients’ Most-Asked Questions: Part 1



Imagine walking into a financial planner’s office for the first time. What questions would you ask before deciding to work with that person?

Today, Royal Standley is here to answer your biggest questions. Working off a list of his clients’ most-asked questions, Royal gives forthright and detailed answers, while also sharing helpful planning advice along the way!

In this episode, you’ll learn:

  • The different services provided by a financial planner vs. a financial advisor
  • Royal’s opinion on the future of Social Security—do we need to worry about this benefit disappearing?
  • The overlooked side effect of saving a lot of money in a 401(k)
  • Why Royal doesn’t factor inheritances into financial plans
  • The IRA-contribution opportunity that most people don’t know about
  • And more!

Tune in and learn the answers to the most-asked financial planning questions! You can also get your questions answered in the next podcast by emailing Royal at royal@opfa.com.

Resources:  Oregon Pacific Financial Advisors, Inc.

Advisory Services offered through Oregon Pacific Financial Advisors, Inc. Securities offered through United Planners Financial Services of America, Member FINRA / SIPC. Oregon Pacific Financial Advisors, Inc., and United Planners Financial Services are independent companies.


Episode 8 – How to Use Dave Ramsey’s Baby Steps



What comes to mind when you think of having financial peace? Perhaps you envision paying off your debt, boosting your savings, or not having to worry about the future.

Royal Standley helps clients achieve all of the above. Today, Royal shares the simple process he uses with clients, called Dave Ramsey’s Baby Steps, which focuses on changing money-related behaviors through a proven step-by-step plan.

In this episode, you’ll learn:

  • What’s involved in each of the seven Baby Steps
  • How to use the snowball method to become debt-free
  • What to consider when deciding how much money to set aside in your emergency savings
  • Why Royal never wants to see a client put four years worth of college savings in an account that is tied to education, like an ESA or a 529 plan
  • And more!

Tune in now to learn how you can start using the baby steps today!  

Resources: Oregon Pacific Financial Advisors, Inc. | Dave Ramsey’s Baby Steps

Advisory Services offered through Oregon Pacific Financial Advisors, Inc. Securities offered through United Planners Financial Services of America, Member FINRA / SIPC. Oregon Pacific Financial Advisors, Inc., and United Planners Financial Services are independent companies.


Episode 7 – Planning for Lifetime Charitable Giving



With the holiday season quickly approaching, more and more people are beginning to think about their charitable giving.

In this episode, Royal Standley talks about the importance of finding what speaks to your heart when you’re choosing which organizations to support.

Here’s what you will learn about:

  • The “American advantage” of charitable giving—and what sets America apart from other countries when it comes to charity
  • The importance of including long-term charitable giving in your estate plan
  • What to consider when deciding to create your own foundation or give to an already-established charitable cause, both in life and after
  • How to continue generating income into retirement, while still donating to your charities of choice
  • Why leaving your IRA or 401(k) untouched will save you money in the long run

Tune into this episode with Royal Standley and learn all about charitable giving and estate planning!

Resources

Oregon Pacific Financial Advisors, Inc.

Advisory Services offered through Oregon Pacific Financial Advisors, Inc. Securities offered through United Planners Financial Services of America, Member FINRA / SIPC. Oregon Pacific Financial Advisors, Inc., and United Planners Financial Services are independent companies.


Episode 6 – It’s Never Too Soon to Start Estate Planning



Did you know that everyone has an estate plan, even if they don’t have a will or a living trust?

But when people pass away without a prepared will or a trust, their heirs are chosen by the laws of whichever state they lived in.  

Maintain control of what happens to your assets by working on your estate plan. Royal Standley is here to simplify the process and guide you through it.

In this episode, you will learn:

  • How soon people should get a will or a living trust
  • What a probate is and what that process involves
  • The pros and cons of wills versus living trusts
  • What happens if you forget to put an asset into the name of the living trust
  • Why Royal recommends having a pre-death inheritance event
  • And more!

Tune in now to learn how you can use estate planning to protect your loved ones and your assets!

Resources: Oregon Pacific Financial Advisors | 541-772-1116

Advisory Services offered through Oregon Pacific Financial Advisors, Inc. Securities offered through United Planners Financial Services of America, Member FINRA / SIPC. Oregon Pacific Financial Advisors, Inc., and United Planners Financial Services are independent companies.