Tag Archives: Taxes

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Episode 37 – 401(k) or Roth 401(k): Which One is Right For You?



Are you looking for the answers to your questions on Roth 401(k)? Join Royal as he unravels the information to help you understand your retirement savings.

In this episode, Royal Standley explains the differences between IRAs and Roth IRAs. Should you look at converting? Royal helps explain the different types of money and your options.

You will learn:

  • The differences between a Roth, 401K  and IRA 
  • The limitations that are set on your retirement investments
  • How important a financial planner is when making these decisions
  • Some factors you need to consider when planning and start planning early  
  • And more!

Tune in now to consider how you can best reach your retirement goals.

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.


Episode 36 – How Will the Markets React to the 2020 Election?



Election time is coming fast. How will the outcome of the 2020 U.S. election affect the market and your portfolio?

In this episode, Royal Standley explains how the market typically reacts to a newly elected president and throughout a presidential term. Royal discusses what we saw with the markets during President Donald Trump’s term and what to consider, from an economic and financial perspective, about potential outcomes of the next election.  

You will learn:

  • The historical impact that presidential elections have had on the market
  • Which year of a president’s term is usually the best year in the market 
  • How the capital market assumptions have changed from the beginning of the year until now
  • Why what happens in the Senate can be crucial come election time
  • And more!

Tune in now to consider how the upcoming election could affect the market.

Resources:  Oregon Pacific Financial Advisors: (541) 772-1116


Episode 35 – Prepare for a Financially Secure Life



So, you’ve landed your first job, you get your first paycheck, now what do you do with your money? How do you set yourself up for financial success?

In this episode, Royal Standley discusses the importance of setting yourself up for success by setting habits and taking early steps for a financially secure life. 

In this episode, you will learn:

  • What to discuss with your advisor if you’ve just entered the working world
  • When you should start working with an advisor
  • The importance of creating healthy financial habits early
  • Why you should be setting goals for your career
  • How student loans and debt repayments play into the conversation
  • And more!

Tune in as Royal walks you through the steps you should be taking to become financially secure. 

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.

 


Episode 34 – How to Retire During a Global Pandemic



A lot of people are planning to retire in 2020. Maybe you’re one of them.

In light of COVID-19, would it be better for you to semi-retire, postpone it completely, or go ahead and retire full time?

In this episode, Royal Standley helps you plan for your next move during this global pandemic. He walks you through retirement options and explains how to evaluate your financial situation so you can make a safe and informed retirement decision.

In this episode, you will learn:

  • What to consider if you’ve lost your job and you’re trying to decide whether to get a second job or retire
  • Why Royal recommends speaking to a financial advisor before you make a retirement decision
  • Overlooked, but essential, questions to ask when you’re interviewing advisors
  • What to discuss with your advisor if you’ve just entered retirement and then the pandemic hit
  • Two ways that the U.S. federal government will probably deal with its new debt
  • And more!

Tune in as Royal walks you through the process of retiring during a pandemic. 

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.


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Episode 32: How to Build an Efficient Retirement Plan



Are you a business owner or a plan sponsor that’s looking to set up a retirement plan?

In this episode of Life By Design Podcast, Royal Standley dives deep into the different retirement plan options and shares the key features of each.

In this episode, you will learn:

  • The three types of 401(k)s and how they each work
  • The difference between a defined contribution and a defined benefit plan
  • The benefits of having a 401(k) with a profit-sharing option
  • Why IRAs are an incentive for younger people
  • And more!

Tune in to hear the considerations you should make when choosing a retirement plan.

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.


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Episode 28 – All About the CARES Act –– With Royal Standley



In response to the COVID-19 pandemic, the American government has recently passed the CARES Act that will allow millions of people to access different benefits during this challenging time. 

In this episode, Royal Standley breaks down the different types of government assistance that Americans will now have access to, spanning from unemployment and student loan considerations to an extended tax filing date.

In this episode, you will learn:

  • The pros and cons of the CARES Act 
  • How to qualify for recovery rebates 
  • Recommendations for what actions to take with your rebate money
  • What provision might allow people to free up retirement dollars
  • And more!

Tune in now to become familiar with the newly passed CARES Act and how you might benefit.  

Resources:  Oregon Pacific Financial Advisors 

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.


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SPECIAL UPDATE: COVID-19



In this special episode, we share updates on how we are responding to the COVID-19 situation, how we’re assisting our clients, and what actions we’re advising investors to take during this time of uncertainty. 

Tune in now to learn how the markets are being affected and what we’re doing to help clients during this tumultuous time.

Resources: Oregon Pacific Financial Advisors Inc.


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Episode 26 – The Secrets Behind This Small Business’ Staying Power



Reaching the 25-year mark is a tremendous feat for a small business. The silver anniversary of Oregon Pacific Advisors calls for a celebration!  

In today’s episode, Royal Standley walks down memory lane as he talks about the story of Oregon Pacific Advisors, the secrets behind their staying power, and how he predicts each generation’s planning needs will change over the next 25 years.  

In this episode, you’ll learn: 

  • The story of how three advisors joined forces to start Oregon Pacific Advisors
  • What investment strategy Oregon Pacific Advisors holds fast to during recessions
  • About Royal’s philosophy on adopting new technology
  • And more!

Tune in now to hear this small business’ secrets to standing the test of 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 25 – Solving Your Retirement Puzzle – Part 2



The term “guaranteed income” sounds stuffy. But what this mini-series is really focused on is helping you consider your options for recreating your paycheck during retirement.  

In the final part of this series, Royal Standley walks you through more options for guaranteed retirement income. You will learn about money-savings pension tips, the pros and cons of different annuities, and plenty more! 

In this episode, you’ll learn: 

  • Words of caution when choosing survivorship options in a pension
  • Advantages and disadvantages to several different annuities
  • Why having an income stream from multiple sources can help you have a successful retirement
  • And more!

Tune in now to learn your options for recreating your monthly paycheck during retirement. 

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.


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Episode 24 – Solving Your Retirement Puzzle – Part 1



Your retirement will be made up of many different pieces from social security to 401(k)s and everything in between.  Do you know how to fit them all together to make it work best for you?

In this episode, Royal Standley educates us on the many variables involved with solving the retirement puzzle.  Using client examples he walks us through how your career choices may impact your long term plans and why working with a professional can help you see the forest for the trees.  

In this episode, you’ll learn: 

  • What you should review to reach your goals
  • How sitting with a financial professional helps maximize your savings
  • How Social Security fits into your future?
  • What role traditional pensions, 401(k)s and annuities play in your retirement planning
  • And more!

Tune in now because most people retire one time, Royal and his staff have been helping people successfully retire for 25 years!

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.