The Truth About Social Security

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.

The Truth About Social Security

In today's episode, fellow Murphy Financial Group advisor Charis Ellis, CFP joins the podcast to discuss social security and dispel some of the myths about how it works and what is projected about its future. They also discuss how social security fits into a retirement plan, and outline some of the factors each person or couple needs to think about when deciding when to take Social Security, how to plan their cash flow in retirement, and what kind of changes recent legislation such as the Big Beautiful Bill has brought to the space. Charis has helped clients build financial plans and reach their retirement goals as a financial advisor for over a decade, and currently serves as the Director of Financial Planning Services at MFG. 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]

A Brief History of Stock Market Returns

The stock market can be an emotional place, especially for inexperienced retail investors. For many investors, the stock market is where most of their investments are allocated, and it comprises the bulk of their investment returns. Needless to say, when the market goes up and down in sometimes dramatic fashion, like a rollercoaster, it can be stressful -- it can feel like your whole retirement is riding on that rollercoaster, up or down! To that end, Kyle walks through some basic, yet surprising, facts and figures about the stock market (which is really the S&P 500 index in most cases), including how often the market has down years. Kyle also discusses how successful investors manage their emotions about their investments, and how a good advisor can help you stay on course when the market is volatile and fear and anxiety run high. The most important takeaway? Staying invested pays off in the long run. The biggest mistake investors make is pulling their money out of the market when circumstances look (or rather, feel) bad, with the idea that waiting until conditions improve to reinvest will save them from losing money. This is also known as timing the market, and it doesn't work out for most people in the long run. Sticking with your strategy and ignoring the day to day vicissitudes of the market pays off, and as Kyle notes in the first half of the podcast, has earned steady, reliable average returns for over a hundred years now. 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]