Onward And Upward Podcast

Are You Retiring To Something or From Something?

Most people come to Kyle and Murphy Financial Group with financial questions about their retirement. Do I have enough money saved? Will the money last? Have we planned appropriately for taxes? While financial concerns are an important part of retirement planning, they aren't everything, and not even the primary question to deal with. After working through financial concerns, Kyle seeks to understand what it is that his clients wish to do in their retirement -- what their goals and dreams are, what roles they want to step into after their working life -- and this often proves to be a difficult question for them. Many people spend so much time thinking about money in retirement, that they forget to reflect on what they actually want to do in retirement. As Kyle likes to phrase the question: are you retiring from something, or retiring to something? Retirement can be a difficult transition for people, especially if they derive a lot of fulfillment and a sense of identity in work. Without a clear vision of what retirement will look like, it's difficult to pull the trigger on actually retiring. To that end, Kyle recommends thinking about three aspects of retirement to help make your retirement vision more concrete: * Financial: these questions can be answered fairly concretely, especially with the help of an advisor like Kyle * Psychological/Social: how do you want to feel in retirement? How do you see your identity and role in society changing when you retire? * Physical: what activities do you want to do in retirement? Do you see yourself traveling, playing sports, being more active in general? Does your retirement plan allow you enough time to pursue these things while you have the ability to? Whether you a few years away or a few decades away from retirement, working toward a clear picture of what your retirement looks like financially, psychologically, and physically is the most important part of your retirement plan. Connect with Kyle Email: kyle@murphyfingroup.com [kyle@murphyfingroup.com] Web: https://www.murphyfingroup.com [https://www.murphyfingroup.com] LinkedIn: https://www.linkedin.com/in/kyle-martin-cfp®-aams®-05033352 [https://www.linkedin.com/in/kyle-martin-cfp%C2%AE-aams%C2%AE-05033352] Securities and advisory services offered through Commonwealth Financial Network, Member www.FINRA.org/www.SIPC.com [http://www.finra.org/www.SIPC.com], a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth. The financial advisor(s) associated with this material may only discuss or transact business with residents of states in which they are properly registered. Please check FINRA's BrokerCheck for a list of current registrations. No offers may be made or accepted from any resident outside these states due to various state requirements and registration requirements regarding investment products and services. The information discussed on this program is for educational and informational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. All investments involve risk, including the loss or principal. No strategy can assure a profit, protect against loss in declining markets, or guarantee that any objective or goal will be achieved. Please contact your financial professional for more information specific to your situation. Murphy Financial Group 310 S Hale Street Wheaton, IL 60187 (630) 523-0410 Review our Terms of Use: www.commonwealth.com/termsofuse.html [http://www.commonwealth.com/termsofuse.html] Past performance is no guarantee of future results. Murphy Financial Group does not provide legal or tax advice.

A Lawyer's Guide to Wills, Trusts and Estate Planning with Axel Cerny,

Contact Axel R. Cerny Email: acerny@dupageattorneys.org [acerny@dupageattorneys.org] Web: https://www.dupageattorneys.org/lawyers/axel-r-cerny/ [https://www.dupageattorneys.org/lawyers/axel-r-cerny/] Connect with Kyle Email: kyle@murphyfingroup.com [kyle@murphyfingroup.com] Web: https://www.murphyfingroup.com [https://www.murphyfingroup.com] LinkedIn: https://www.linkedin.com/in/kyle-martin-cfp®-aams®-05033352 [https://www.linkedin.com/in/kyle-martin-cfp%C2%AE-aams%C2%AE-05033352] Securities and advisory services offered through Commonwealth Financial Network, Member www.FINRA.org/www.SIPC.com [http://www.finra.org/www.SIPC.com], a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth. The financial advisor(s) associated with this material may only discuss or transact business with residents of states in which they are properly registered. Please check FINRA's BrokerCheck for a list of current registrations. No offers may be made or accepted from any resident outside these states due to various state requirements and registration requirements regarding investment products and services. The information discussed on this program is for educational and informational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. All investments involve risk, including the loss or principal. No strategy can assure a profit, protect against loss in declining markets, or guarantee that any objective or goal will be achieved. Please contact your financial professional for more information specific to your situation. Murphy Financial Group 310 S Hale Street Wheaton, IL 60187 (630) 523-0410 Review our Terms of Use: www.commonwealth.com/termsofuse.html [http://www.commonwealth.com/termsofuse.html] Past performance is no guarantee of future results. Murphy Financial Group does not provide legal or tax advice.

How AI Is Changing the Financial Planning Industry

As AI technology continues to make rapid advancements, everyone is wondering what jobs and roles it will displace in the future. Kyle weighs in with his thoughts about how AI is reshaping the financial advisory industry, and why he has optimism that the workforce will be resilient in the face of major technological innovation. Connect with Kyle Email: kyle@murphyfingroup.com [kyle@murphyfingroup.com] Web: https://www.murphyfingroup.com [https://www.murphyfingroup.com] LinkedIn: https://www.linkedin.com/in/kyle-martin-cfp®-aams®-05033352 [https://www.linkedin.com/in/kyle-martin-cfp%C2%AE-aams%C2%AE-05033352] Securities and advisory services offered through Commonwealth Financial Network, Member www.FINRA.org/www.SIPC.com [http://www.finra.org/www.SIPC.com], a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth. The financial advisor(s) associated with this material may only discuss or transact business with residents of states in which they are properly registered. Please check FINRA's BrokerCheck for a list of current registrations. No offers may be made or accepted from any resident outside these states due to various state requirements and registration requirements regarding investment products and services. The information discussed on this program is for educational and informational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. All investments involve risk, including the loss or principal. No strategy can assure a profit, protect against loss in declining markets, or guarantee that any objective or goal will be achieved. Please contact your financial professional for more information specific to your situation. Murphy Financial Group 310 S Hale Street Wheaton, IL 60187 (630) 523-0410 Review our Terms of Use: www.commonwealth.com/termsofuse.html [http://www.commonwealth.com/termsofuse.html] Past performance is no guarantee of future results. Murphy Financial Group does not provide legal or tax advice.

The 3 Things You Need for Success in Any Endeavor with Pat Murphy

Show up on time, do what you say you're going to do, and be polite and respectful. Do those three things everyday, and you'll find success whatever your endeavor. Those are Pat Murphy's keys to success, which served him well in leading Murphy Financial Group in it's second generation as it transitioned from its roots in the insurance business to the full service finanical advisory practice it is today. Kyle talks with his uncle Pat about his early career with Murphy Financial Group, how he observed the beginnings of the financial advisory industry develop and how he took an opportunity to help his clients across their entire lifespan -- in business, retirement, and beyond. Connect with Kyle Email: kyle@murphyfingroup.com [kyle@murphyfingroup.com] Web: https://www.murphyfingroup.com [https://www.murphyfingroup.com] LinkedIn: https://www.linkedin.com/in/kyle-martin-cfp®-aams®-05033352 [https://www.linkedin.com/in/kyle-martin-cfp%C2%AE-aams%C2%AE-05033352] Securities and advisory services offered through Commonwealth Financial Network, Member www.FINRA.org/www.SIPC.com [http://www.finra.org/www.SIPC.com], a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth. The financial advisor(s) associated with this material may only discuss or transact business with residents of states in which they are properly registered. Please check FINRA's BrokerCheck for a list of current registrations. No offers may be made or accepted from any resident outside these states due to various state requirements and registration requirements regarding investment products and services. The information discussed on this program is for educational and informational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. All investments involve risk, including the loss or principal. No strategy can assure a profit, protect against loss in declining markets, or guarantee that any objective or goal will be achieved. Please contact your financial professional for more information specific to your situation. Murphy Financial Group 310 S Hale Street Wheaton, IL 60187 (630) 523-0410 Review our Terms of Use: www.commonwealth.com/termsofuse.html [http://www.commonwealth.com/termsofuse.html] Past performance is no guarantee of future results. Murphy Financial Group does not provide legal or tax advice.

9 Things I've Learned In 9 Years of Financial Planning

Kyle shares nine key things he's learned in his nine years of experience as a financial advisor (and his many years of experience before that as an asset manager), sitting down with clients daily and helping them develop a plan to meet their unique circumstances and psychology. In this episode Kyle covers: 1. Your plan is your plan -- own it, make sure to understand it, and don't worry about what others are doing. 2. Discipline is the key to sucess -- small positive habits, done consistently over time, add up to big results 3. Markets go up and down, but mostly up -- you just have to stay invested and stick to your plan 4. Sometimes psychology wins over math -- it's important to feel confident about your decisions, not just follow what the math says is best 5. Putting off your estate planning is more costly than doing it now -- a few thousands dollars and some effort upfront to set up a will and trust may sound like a lot, but it's much more expensive and stressful when you have to hire a lawyer to guide you through probate 6. Do the right thing, and things tend to work out for all parties -- Kyle and MFG focus on doing what's right for clients, even if it means not taking their business now or directing them elsewhere. 7. Think through decisions from your future self's point of view -- ask that person if they regret what you are choosing to do right now 8. Relationships are the difference maker -- honest, genuine connection is the most important part of business 9. Trust God and work hard -- God entrusts us with resources, and it's up to us to steward them as best we can. Connect with Kyle Email: kyle@murphyfingroup.com [kyle@murphyfingroup.com] Web: https://www.murphyfingroup.com [https://www.murphyfingroup.com] LinkedIn: https://www.linkedin.com/in/kyle-martin-cfp®-aams®-05033352 [https://www.linkedin.com/in/kyle-martin-cfp%C2%AE-aams%C2%AE-05033352] Securities and advisory services offered through Commonwealth Financial Network, Member www.FINRA.org/www.SIPC.com [http://www.finra.org/www.SIPC.com], a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth. The financial advisor(s) associated with this material may only discuss or transact business with residents of states in which they are properly registered. Please check FINRA's BrokerCheck for a list of current registrations. No offers may be made or accepted from any resident outside these states due to various state requirements and registration requirements regarding investment products and services. The information discussed on this program is for educational and informational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. All investments involve risk, including the loss or principal. No strategy can assure a profit, protect against loss in declining markets, or guarantee that any objective or goal will be achieved. Please contact your financial professional for more information specific to your situation. Murphy Financial Group 310 S Hale Street Wheaton, IL 60187 (630) 523-0410 Review our Terms of Use: www.commonwealth.com/termsofuse.html [http://www.commonwealth.com/termsofuse.html] Past performance is no guarantee of future results. Murphy Financial Group does not provide legal or tax advice.