Financial Planning – The Life By Design Podcast

Effective Strategies for Positive Company Culture with Lisa McClease-Kelly (Ep. 87)

By thelifebydesignpodcast | September 13, 2023

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Are you looking for inspiration to overcome challenges and establish your own business?

Interested in how effective strategies can create a values-driven workplace and enhance your leadership skills? The company culture could be the key.

In this episode, Royal Standley speaks with Lisa McClease-Kelly, Co-Owner of Kelly’s Automotive Services, as she opens up about her move to Oregon, the challenges she tackled while building her business, and why values and community support matter deeply. As a business coach, she dives into understanding different personalities and adapting leadership styles when cultivating a culture of gratitude within the workplace.

Lisa shares:

The challenges she faced after moving from California to Oregon, both personally and professionally
Why Kelly’s Automotive Services prioritize “values” when it comes to their staff in order to achieve a high level of customer loyalty and satisfaction
How she coaches other businesses on culture and communication and connecting with their community
How she uses the DiSC style to assess the staff and the organization’s culture
What business leaders of different size corporations can do to start finding more meaning or purpose in their business to impart to their employees
How her connection with her community has helped grow her business
The role her faith plays in their volunteering efforts, and how can you incorporate similar values into your community involvement
And more!

Connect with Lisa McClease-Kelly:

Connect with Royal Standley:

About Our Guest:

Lisa McClease-Kelly a business communications coach who believes creating a culture of communication and community are an absolute necessity in business today. She helps her clients to achieve that in their businesses to increase productivity and cut down on turnover. Lisa is a business owner with over 25 team members. She has had great success, won lots of awards, but more importantly, she has made mistakes and learned from them.

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Discussions in this show are for educational purposes only. Information presented should not be considered specific investment advice or a recommendation to take any particular course of action. Always consult with a financial professional regarding your personal situation before making financial decisions. The views and opinions expressed are based on current economic and market conditions and are subject to change. All investing involves risk, including the potential for loss of principal. Securities offered through United Planners Financial Services (UP), Member FINRA/SIPC. Advisory Services offered through Oregon Pacific Financial Advisors, Inc. (OPFA). OPFA & UP are independent companies. Neither OPFA nor UP offers tax or legal advice.

Empathy, Entrepreneurship, and Client-Centered Financial Planning with Jenny Hamiton (Ep. 86)

By thelifebydesignpodcast | August 30, 2023

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As a client, you want to know your financial planner will not only create a financial and retirement plan; you want them to care about how that plan can help you the best.

In this episode, Royal Standley is joined by Jenny Hamilton, a financial planner with Oregon Pacific Financial Advisors, in discussing her background and transition into the financial industry. Jenny dives into how she helps clients better understand their financial opportunities and connects with clients on a personal level to help them better.

Jenny shares:

Her work experience before becoming a financial planner
How empathy and organization play a role in her approach to financial planning
Why she focuses on clients in the manufacturing industry nearing retirement
Her involvement with the community and supporting financial literacy
And more

Connect with Royal Standley:

Connect with Jenny Hamilton:

About Jenny Hamilton:

Jenny Hamilton is a financial planner and compassionate advocate with a personal mission to see and value people. Jenny uplifts her clients, encourages their personal growth and stands beside them as they harness their strengths to achieve their goals. She wants to help others be confident in who they are and the decisions they make and to help their finances reflect what’s really important to them, now and in the future.

Jenny comes to Oregon Pacific Financial Advisors from an 18-year career at Columbia Forest Products where she held positions in HR, Accounting, Purchasing and Supervision. She loved working with employees and vendors in various capacities and wants to help them, and others like them, to be sure and ready in setting the date for retirement when the time comes.

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From CNN to Podcasting: Bill’s Transition to a More Intimate Medium With Bill Tucker (Ep. 85)

By thelifebydesignpodcast | August 16, 2023

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When it comes to podcasting, there are typically two groups of people talking. The main speakers share their insights on specific topics and the podcast host, is someone who keeps the topics flowing with questions and insights.

In this episode, Royal Standley interviews the latest addition to his podcast, Bill Tucker, a podcast producer with Proudmouth and an award-winning reporter. Bill shares his extensive background in the media industry, including his career in radio and his transition to working as a producer for CNN’s business news division, along with his time as a commodity broker and shares insights about trading and risk tolerance.

Bill discusses:

His background in the media industry
His journey from a stained glass artisan to the vice president of CNN’s Business News
His perspective on financial journalism and investment philosophy
Why he chose to transition into the podcasting medium
And more!

Connect with Royal Standley:

Connect with Bill Tucker:

About Bill Tucker:

Bill’s media journey began in a small FM Radio station in Texas, and it’s led him to be a Podcast producer at ProudMouth!

His experience is vast in the world of media including, a television news producer, (George Foster Peabody winner), a television news reporter (Emmy award winner and three-time nominee)

As a news executive, he co-led the team which built and launched television’s first digital network, CNNfn, blogged on energy for forbes.com, interviewed CEOs for the NASDAQ CEO Signature Series, hosted radio shows on religion, faith, and on business

His experience does not end there. He has written for print media, served as executive producer and host for network shows, and created stories for social media posts that have garnered hundreds of thousands of views.

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How to Future Proof Your Career Financially (Ep. 82)

By thelifebydesignpodcast | June 21, 2023

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There is always someone talking about how technology will take over your jobs in the future. While that might not be entirely true, how can you ensure you adapt to changes within the workplace and protect yourself financially?

In this episode, Royal Standley focuses on creating a solid financial plan for future career paths. He explores what opportunities clients should be aware of for their future careers and the importance of ensuring a stable and secure financial future for their families.

Royal discusses:

How AI technology is being incorporated into future career planning
The role of human workers within a technology-focused business
How can you protect your family financially during this time of change
Why families should have a close relationship with their financial advisors
How lifelong learning and improving your skills can make you valuable
And more

Resources:

How to Find the Right Advisor for Your Planning Needs (Ep. 75)

Connect with Royal Standley:

Will Your Estate Plan Survive a Stress Test? (Ep. 81)

By thelifebydesignpodcast | June 7, 2023

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Creating a financial or estate plan is never a one-and-done endeavor. How can advisors help identify the potential problems in a plan and correct the problem before it happens to the client?

In this episode, Royal Standley focuses on stress testing financial and estate plans to ensure the clients have saved enough for the lifestyle they are accustomed to. Royal shares how he helps clients identify their needs and discover possible problems before they happen.

Royal discusses:

The basics of estate planning documents and their importance
What he looks for when identifying a clients estate and updating financial plans
Why stress testing financial and estate plans is essential in identifying financial gaps
What questions do advisors ask to adapt the financial plans for their client’s goals
And more!

Connect with Royal Standley:

Resources:

2023 So Far: Analyzing Common Concerns and Trends (Ep. 78)

By thelifebydesignpodcast | May 10, 2023

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During the first few months of this year, there has been a lot of news causing financial uncertainty and impacting the country’s economy.

Is the rise of the Chinese Yuan something we should be concerned about? What movements are we seeing in the stock and bonds markets? Is it a good idea to invest in precious metals to cope with uncertainty?

In this episode, Royal Standley analyzes the topics that have stood out the most in the first part of the year and those that have also generated panic and uncertainty in the market. Royal talks about the importance of planning and organizing our wealth during advanced ages of life, the current situation of the uncertainty of the US dollar with the rise of the Yuan, and the actuality in the stock and bonds markets.

Royal discusses:

Common concerns related to the banking system, currency, and national debt
An increase in dementia diagnosis and the need for planning and having conversations about long-term care early on as cognitive decline is a natural part of aging
The concern about the potential impact on the US economy if the Yuan were to rise and the US dollar were to fall
Why individuals should be cautious when buying precious metals as a way of coping with the currency uncertainty
How social media only covers panic in the markets and ignores factors that create stability
The current state of the stock and bond markets
The importance of having a diversified portfolio
And more!

Connect with Royal Standley:

How to Find the Right Advisor for Your Planning Needs (Ep. 75)

By thelifebydesignpodcast | February 15, 2023

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Financial planning designations are an alphabet soup of letters that aren’t always explained. How do you choose the right advisor for your planning needs?

In this episode, Royal Standley focuses on what the different designations mean, both for the advisor’s education and for the clients looking to find the right advisor. Royal explores how having more designations isn’t always the best option for providing great advice or time management.

Royal discusses:

What the different titles for financial advisors mean for the services they provide
Why finding a focused advisor rather than an advisor with multiple licenses can provide a better planning experience
The importance of transparency between the client and their advisors
How the advisor’s education impacts the way they advise their clients

Resources:

Investopedia

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How the SECURE Act 2.0 Changes Retirement Planning (Ep. 74)

By thelifebydesignpodcast | January 25, 2023

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When the SECURE Act was first rolled out, clients were eager to learn more about the benefits they could receive. With the latest updates to the SECURE Act entering quietly, financial advisors and their clients might need to learn how to leverage these tools in the best way possible.

In this episode, Royal Standley focuses on the major points of the SECURE Act 2.0 that might affect most people and what this bill could mean from a planning standpoint. Royal reveals some of the updates to retirement planning tools that financial planners or clients may not have noticed yet and their role in boosting retirement income.

Royal discusses:

How the SECURE Act 2.0 impacts the required minimum distribution during retirement
The role of college saving 529 plans in financial planning
What bonus individuals receive between the ages 60 and 63 due to the Secure Act updates
How to gain a boost in retirement income along with a tax credit through an IRA
And more

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How To Avoid Becoming An Estate Planning Horror Story (Ep. 73)

By thelifebydesignpodcast | December 28, 2022

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Creating an estate plan can be a lot of work, making sure everything is covered and all your assets are doing what you want them to. Not having one is even worse.

In this episode, Royal Standley focuses on estate planning, the tools to build a good estate plan and what happens if you don’t have one. Royal dives into the different pieces of estate planning and how having one can ease the way for future beneficiaries without creating confusion.

Royal discusses:

How are assets divided in the absence of an estate plan
The estate planning questions you should ask your attorney
The information you should update on a regular basis
What is the revocable trust and how does it fit within traditional estate planning
Things to consider when naming beneficiaries, especially with real estate
The importance of having a team of professionals to help with estate planning

Connect with Royal Standley:

Throwing Darts – Anticipating Investments and Financial Planning for 2023 (Ep. 72)

By thelifebydesignpodcast | December 14, 2022

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The financial world took a hit during 2022, with the debate focused on “when” rather than “if” we will enter a recession. What do the investment and financial options of 2023 look like?

In this episode, Royal Standley reviews the past few years of investment choices and how those decisions will impact future investment decisions. Royal dives into the possibilities of a recession, how inflation will impact financial decisions and where real estate currently sits within investment planning for the future.

Royal discusses:

What has happened in the world during the past three years
How interest rates impact the likelihood of a recession
What is coming in 2023 based on recent investments and inflation
The global and political concerns for 2023
How Oregon Pacific Financial Advisors can help clients

Connect with Royal Standley:

Inflation: Causes, Impacts & Expectations (Ep. 71)

By thelifebydesignpodcast | November 23, 2022

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Inflation in the US is expected to continue rising, but it won’t last forever.

In this episode, Royal Standley discusses the top four reasons he sees for inflation in the US. Royal explains where we’ve seen the biggest impact as well as what the government and Americans can do to help minimize the financial impact of rising costs and mortgage rates.

Royal discusses:

The top 4 reasons why the US is seeing inflation
What the US government has to do to try to fight inflation
Where Americans can expect to see the impacts of inflation the most
What Americans can do to minimize the impact inflation has on them
And more

Resources:

Connect with Royal Standley:

Adapting To The Changes In Life (Ep. 70)

By thelifebydesignpodcast | November 9, 2022

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The world is constantly changing and it’s up to us to adapt.

In this episode, Royal Standley shares the latest updates in his personal and professional life, recounting how recent events changed the way he focuses on advising clients. Royal talks about the changes he has experienced in addition to his vision and expectations for the future.

Royal discusses:

Opening of a new office in Grants Pass
The acquisition of Wealth Management of Oregon and expanding their footprint
Why the need for retirement planners is greater than before
What he is preparing for in 2023
The upcoming topics to be explored in Life By Design podcast
How changes to the cost of living and housing will impact retirement income needs

Resources:

Connect with Royal Standley:

69. Q&A on Financial Planning

By thelifebydesignpodcast | March 30, 2022

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If you are just starting your financial planning or preparing for retirement, there are always questions on what to do and how to prepare your financial future.

In this episode, Royal Standley answers some of the financial planning questions sent in by you. He dives into some of the uncertainties clients feel during the financial planning process to help you live a relaxing retirement.

Royal discusses:

When you should involve a financial advisor
How to utilize FINRA’s BrokerCheck when finding the best advisor for you
The difference between Roth IRAs and traditional IRAs
The basics of retirement planning
And more

Resources:

BrokerCheck by FINRA

Connect with Royal Standley:

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.

Withdrawals from a Traditional IRA prior to age 59 ½ will be subject to ordinary income tax and may also incur a 10% penalty tax unless an exception applies.

Contributions to a Roth IRA are subject to income limitations. You may take nontaxable withdrawals from a Roth IRA if you are at least 59 ½ and the account has been held at least 5 years. Otherwise, earnings withdrawn may be subject to ordinary income tax and a 10% penalty.

67. Simplifying Financial Planning

By thelifebydesignpodcast | February 23, 2022

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Everyone has heard the term financial planning over and over again. But do you truly understand financial planning as a whole?

In this episode, Royal Standley shares what financial advising truly is, diving into what to look for as a client and the steps a financial advisor takes to create a financial plan. He reveals some of the fears and worries of clients, how financial advisors create a personalized financial plan, and identifies the next steps after a plan is put in place.

Royal discusses:

How to determine if a financial advisor will focus on you
Existing worries and fears of clients
How financial advisors reduce risk when faced with uncertainty
The steps after creating the financial plan
And more

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66. Maintaining Your New Year’s Resolutions

By thelifebydesignpodcast | December 22, 2021

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Everyone talks about what they plan to focus on in the new year. The real question is how are you going to maintain your resolution?

In this episode, Royal Standley discusses what his plans are for 2022. He also shares his advice for maintaining your new year financial resolutions and how to remain accountable throughout the year. You will learn about the resources that helped him commit to his health goals and tips for creating your financial resolutions.

Royal discusses:

His New Year’s resolutions
How to commit to your goals
The importance of keeping yourself accountable to your finances
How he sets himself up for each day
And more!

Connect with Royal Standley:

Resources:

65. The Fundamentals of an Emergency Fund

By thelifebydesignpodcast | December 8, 2021

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When faced with unexpected expenses, reaching for your plastic can be an easy option. But easy is not always the best option.

In this episode, Royal Standley discusses the importance of avoiding over-complicating an emergency fund and how you can build your own. He reveals how an emergency fund benefits your financial plan even before you start creating a retirement plan and the debt you can avoid.

Royal discusses:

The importance of educating employees and clients on emergency funds
The difference between using an emergency fund and reaching for plastic
Why you should focus on one step at a time
How to build your emergency fund
And more!

Connect with Royal Standley:

Additional Resources:

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

63. Preparing For The New Year of Unknowns

By thelifebydesignpodcast | November 10, 2021

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Looking back over the past year, we have faced several challenges — from COVID to politics to the investment market — and we need to prepare for how these could impact us in the new year.

In this episode, Royal Standley discusses what happened this past year and looks to the future. He recounts the impact of COVID on individuals and business, how politics influences society and the increase in costs. Royal reveals expectations for the future and the expectations for market returns.

Royal discusses:

How COVID impacted the past year
The influence of politics
How supply chain issues affect prices
The importance of discussing your financial plan with your advisor
And more!

Connect with Royal Standley:

Resources:

61. The World Of Medicare with Marla Kasdorf

By thelifebydesignpodcast | October 13, 2021

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Medicare can be a complicated system for medical insurance. Having someone who knows how to navigate the system can help you find the best plan for your needs.

In this episode, Royal Standley is joined by Marla Kasdorf, owner at Kasdorf and Associates LLC, in discussing the world of Medicare. Marla shares what the end of the year means for Medicare users, who can apply and what each part can be used for. Discover how Medigap can fill the hole of Part A and B.

Marla discusses:

Advice for getting Medicare
The role of Medigap within your Medicare plan
How to manage your money with Medicare
The penalty for late enrollment in Part B
And more!

Connect with Royal Standley:

Connect with Marla Kasdorf:

About Our Guest:

Marla Kasdorf’s background includes 25 years of teaching and 7 years in Senior Market products BA SUNY, MM Eastman School of Music, post-grad University of Oregon. Notary Public. 34 year resident of Grants Pass. Married to Tim and mom of Nathan.

Episode 56 – Financial Planning For You, Coaching For Your Kids – with James Monroe

By thelifebydesignpodcast | June 23, 2021

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With physical contact being restricted due to Covid, kids and adults alike have adjusted how they play sports.

In this episode, Royal Standley is joined by James Monroe, a financial advisor with Oregon Pacific Financial Advisors. James shares his ten years of experience coaching kids sports teams and how the lessons learned from coaching relate to facing the struggles of COVID-19 as a financial advisor.

You will learn:

How hard work creates results
The importance of teamwork
The similarities in changes between financial advising and coaching
And more!

Episode 55 – The Top Five Retirement Mistakes Business Owners Make

By thelifebydesignpodcast | June 9, 2021

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When you start your own business, how will the business affect your retirement planning?

In this episode, Royal Standley shares five of the biggest mistakes business owners make when planning their retirement.

You will learn:

The benefit of creating a retirement roadmap
The importance of keeping personal and business assets separate
Why you should hire outside support
And more!

Discover the five retirement mistakes you should avoid.

Resources:

Episode 54 – The Deflation of Economic Inflation

By thelifebydesignpodcast | May 26, 2021

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The forced isolation of COVID-19 has impacted the inflation rate today and in the future.

In this episode, Royal Standley dives into inflation, discussing how COVID-19 has impacted the economy. He reveals past examples of similar economic scenarios, how the future inflation rate may increase and the impact this could have on your retirement plan.

You will learn:

How COVID-19 impacted economic inflation
What the ideal inflation rate is
Some of the lasting financial impacts of quarantine on the government
How inflation could impact retirement planning
And more!

Discover how COVID-19 has impacted current and future inflation rate!

Resources: Oregon Pacific Financial Advisors | About Royal Standley | Schedule Online with Royal Standley | (541) 772-1116 | Email Royal Standley

Episode 53 – How To Avoid 15 Common Financial Planning Mistakes

By thelifebydesignpodcast | May 12, 2021

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Sometimes, one small mistake can completely derail your financial plan and stop you from achieving your life goals.

In this episode, Royal Standley goes through a list of 15 common financial planning mistakes that he has encountered in working with clients over the years. Along with discussing the root causes of these mistakes, he also shares tips on how to avoid them, or even fix them if you’ve already committed the mistake.

You will learn:

Things that can go wrong while attempting to time the market in the short run
The importance of saving early and living well within your means
How to plan for the worst-case scenario as part of your risk management
Tips to overcome procrastination and take the crucial first step towards financial planning
And more!

Tune in now to learn how you can avoid the most common pitfalls while building your financial plan!

Resources: Oregon Pacific Financial Advisors | About Royal Standley | Schedule Online with Royal Standley | (541) 772-1116 | Email Royal Standley | Episode 6 – It’s Never Too Soon to Start Estate Planning | Episode 8 – How to Use Dave Ramsey’s Baby Steps | Episode 12 – Let’s Talk About Your Money and Your Taxes | Episode 16 – Your Top Life Insurance Questions Answered | Episode 27 – How Much Insurance Coverage Do You Actually Need? — With James Monroe | Episode 41 – Setting Your S M A R T Goals