Tag Archives: Financial Planning

Featured Image

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

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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:

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.

Featured Image

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

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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:

Connect with Royal Standley:

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.

Featured Image

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

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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

Connect with Royal Standley:

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.

Featured Image

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

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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:

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.

Featured Image

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

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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:

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.

Featured Image

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

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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:

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.

Featured Image

Adapting To The Changes In Life (Ep. 70)

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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:

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.

Featured Image

69. Q&A on Financial Planning

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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:

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.

Featured Image

67. Simplifying Financial Planning

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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

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.

Featured Image

66. Maintaining Your New Year’s Resolutions

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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:

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.

 

Featured Image

65. The Fundamentals of an Emergency Fund

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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:

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.

 

Featured Image

63. Preparing For The New Year of Unknowns

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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:

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.

 

Featured Image

61. The World Of Medicare with Marla Kasdorf

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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.

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.

Featured Image

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

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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!

Oregon Pacific Financial Advisors | (541) 772-1116  |  About Royal Standley  | Schedule Online with Royal Standley | Email Royal Standley  |  About James Monroe  | Schedule Online with James Monroe | Email James Monroe  |  Episode 39: The Coach to Your Financial Plan with James Monroe

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.

 

Featured Image

Episode 55 – The Top Five Retirement Mistakes Business Owners Make

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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:

Oregon Pacific Financial Advisors |  About Royal Standley  | Schedule Online with Royal Standley | (541) 772-1116 | Email Royal Standley  |  Episode 47 – A Simple 7 Step Guide to Optimize Your Business Exit

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.

Featured Image

Episode 54 – The Deflation of Economic Inflation

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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

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.

Featured Image

Episode 53 – How To Avoid 15 Common Financial Planning Mistakes

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

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Stitcher | TuneIn | RSS | More

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

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.