Adding Long Term Care To Retirement Planning (Ep.22)

Comparing David Versus Goliath Financial Advisors

David and Goliath is a simple story about a small man overcoming an impossible battle with a giant. How do smaller and larger financial planning companies reflect these differences? In this episode, Michael Labos explores the Davids and Goliaths of the financial planning industry. He focuses on what smaller businesses provide that larger companies tend to ignore and how those differences impact the client experience. Michael discusses: * Why larger financial institutions appeal to potential clients * How clients lose out on personally connecting with their advisor in larger companies * What smaller financial businesses do differently as advisors * What potential clients should look for when debating who they should work with * And more! Resources: * YouTube: The Gen X Money Advisor Podcast [https://www.youtube.com/channel/UCcRybamgKwuZFu7k9L-n6eQ/videos] Connect with Michael Labos: * LinkedIn: Michael Labos [https://www.linkedin.com/in/genxwealthpartners/] * Gen X Wealth Partners [https://www.genxwealthpartners.com/] * Facebook: Gen X Wealth Partners [https://www.facebook.com/GenXWealthPartners]

Adding Long Term Care To Retirement Planning (Ep.22)

When planning your retirement, long-term care needs will also play a role in future spending. Planning for it today could save you money in the future. In this episode, Micheal Labos dives further into accepting mortality and preparing aging parents for long-term care needs. He shares the advice he gives to clients on balancing costs while preparing a legacy for beneficiaries and some solutions that couldn’t be considered 20 years ago. Micheal discusses: * What to consider when planning for long-term care * Why spouses aren’t the best option for long-term care givers * The benefits and detriments of Medicare and Medicaid * How to prepare for the cost of long-term care * And more! Resources: * YouTube: The Gen X Money Advisor Podcast [https://www.youtube.com/channel/UCcRybamgKwuZFu7k9L-n6eQ/videos] Connect with Michael Labos: * LinkedIn: Michael Labos [https://www.linkedin.com/in/genxwealthpartners/] * Gen X Wealth Partners [https://www.genxwealthpartners.com/] * Facebook: Gen X Wealth Partners [https://www.facebook.com/GenXWealthPartners]

Building A Financial Plan For College Tuition with Ann Garcia (Ep.21)

With rising costs for future education, preparing for college tuition is a concern for many parents. How can they build an abundant and secure financial plan for their childrens education? In this episode, Micheal Labos speaks with Ann Garcia, CFP and Owner of Independent Progressive Advisors, on the cost of college and creating a budget to include personal contributions, scholarships and government funded financial aid for your childs future education. Ann discusses: * When should parents start thinking about college tuition costs * How the 529 works with contributions and withdrawls * Why a college budget is important whent planning for the cots of education * The appeal and negotiation process with colleges for more financial aid * And more! Resources: * YouTube: The Gen X Money Advisor Podcast [https://www.youtube.com/channel/UCcRybamgKwuZFu7k9L-n6eQ/videos] * How To Pay For College by Ann Garcia [https://howtopayforcollege.com/] Connect with Michael Labos: * LinkedIn: Michael Labos [https://www.linkedin.com/in/genxwealthpartners/] * Gen X Wealth Partners [https://www.genxwealthpartners.com/] * Facebook: Gen X Wealth Partners [https://www.facebook.com/GenXWealthPartners] Connect with Ann Garcia: * LinkedIn: Ann Garcia [https://www.linkedin.com/in/ann-garcia-cfp%C2%AE-647507/] About Our Guest: Ann Garcia is a CFP® and owner of Independent Progressive Advisors, a fee-only Registered Investment Advisor in Portland OR, author of The College Financial Lady blog  (thecollegefinanciallady.com). Her blog has approximately 15,000 subscribers in various media (blog, Facebook). In addition, she is regularly cited in national media (New York Times, US News & World Report) on the subject of college planning. Ann earned a BA from the University of California, Berkeley, and am a member of Phi Beta Kappa and of NAPFA, the leading association of fee-only financial advisors.

Accepting Mortality Through An Immortal Legacy with Sandra Hunter (Ep.20)

Mortality is something that catches up to everyone eventually. What will you leave behind afterwards? In this episode, Michael Labos is joined by Sandra Hunter, a Life Coach and Founder of Wild Women Leaders Of Color, in discussing moving aging parents into the next stage of life and creating a legacy through sharing experiences. Sandra discusses: * The cultural impacts on the understanding of mortality * How to start the discussion of mortality with aging parents * How her mentorship program provides a purpose to older and younger professionals * How sharing personal stories create a legacy * And more! Resources: * YouTube: The Gen X Money Advisor Podcast [https://www.youtube.com/channel/UCcRybamgKwuZFu7k9L-n6eQ/videos] Connect with Michael Labos: * LinkedIn: Michael Labos [https://www.linkedin.com/in/genxwealthpartners/] * Gen X Wealth Partners [https://www.genxwealthpartners.com/] * Facebook: Gen X Wealth Partners [https://www.facebook.com/GenXWealthPartners] Connect with Sandra Hunter: * LinkedIn: Sandra Hunter [https://www.linkedin.com/in/sandrahunter/] * Wild Women Leaders Of Color [https://wildwomenleadersofcolor.com/] About Our Guest: Sandra Hunter is an Anglo-Indian with Sri Lankan, Portuguese, and Dutch ancestries. Her father’s grandmother brought her Anglo-Indian family to England after the Indian Independence. Her mother comes from a line of Portuguese and Dutch spice traders. Sandra found that she belonged to neither side of her family. Sandra has 19+ years of teaching in college and has worked in Kenya. She faced racism and sexism at work, went through a divorce, and started her own business. Sandra knows what it’s like to function under stress while working towards true self-liberation.

How To Find, And Afford, Your Dream School (Ep.19)

Preparing for education beyond high school has become a struggle between increasing costs and student competition. How can your child optimize their chances of entering and affording their dream school? In this episode, Michael Labos dives into college planning, starting from the early financial strategies to the benefits of different application periods to increase your child’s chances of getting into and affording their dream school. Michael discusses: * Early financial planning strategies for educational funds * Why it’s essential to determine needs versus wants * The three categories of schools you’re applying to * How to leverage competitive school offers for increased financial aid * And more! Resources: * YouTube: The Gen X Money Advisor Podcast [https://www.youtube.com/channel/UCcRybamgKwuZFu7k9L-n6eQ/videos] Connect with Michael Labos: * LinkedIn: Michael Labos [https://www.linkedin.com/in/genxwealthpartners/] * Gen X Wealth Partners [https://www.genxwealthpartners.com/] * Facebook: Gen X Wealth Partners [https://www.facebook.com/GenXWealthPartners]