Retirement Plain & Simple

How to Make the Most Out of Your Year-End Bonus

We receive our working paychecks in a very systematic way, often every week or every other week. Well, what do we do when we get a year- end cash bonus, at times in the thousands of dollars all at once? What is the best way to use it? In this episode, we'll talk about some important things to think about when receiving a year-end bonus, as well as some common and uncommon strategies to consider. We want this show to help you think strategically about your year-end bonus. Whether it's paying off debt, saving for the future, or giving to others, the key is to make decisions that align with your financial goals and values. Here's some of what we discuss in this episode: * What would be the top three ways to spend the year-end bonus? * If you don't have debt to pay off, consider boosting your emergency savings. * Some investment ideas if you want to grow that bonus money. * Using the bonus for gifting during the holidays. * What if you are using an IRA vs a Roth IRA? Contact: If you have any questions, call 215-513-4330 or visit https://www.kempharvest.com/ [https://www.kempharvest.com/]

Financial Values: Getting To Know The Kemp Harvest Team

In today's fast-paced world, navigating the complexities of financial planning is very difficult at times. Many individuals find themselves asking, "What exactly does working with a financial advisor entail?" Today we're going to shed light on this very question, offering a comprehensive guide to understanding our role and our process for planning. Join Todd and David as they take listeners on a journey through their six-step approach to financial advising. They emphasize the importance of aligning financial goals with personal values, a concept that resonates deeply throughout the episode. As Todd aptly puts it, "If our goals don't line up with our values, there's a disconnect, and we're oftentimes doomed to failure." This foundational principle serves as the bedrock for their unique approach to financial planning. For anyone considering working with a financial advisor, this episode is a must-listen. It not only demystifies the process but also highlights the importance of aligning financial decisions with personal values. Here's some of what we discuss in this episode: * How faith drives Todd and David in their financial decision making. * Why it's so important to align your financial goals with your values. * The process of getting to know your team at Kemp Harvest. * Every client is assigned an onboarding specialist to help facilitate the process. * A look inside the six-step process we work through. Contact: If you have any questions, call 215-513-4330 or visit https://www.kempharvest.com/ [https://www.kempharvest.com/]

How Financial Advisors Get Paid

One of the first questions that anyone asks before working with a financial advisor is how do you get paid? It's a great question because there are different fee structures, and understanding what each means can help you choose the right type of service for your needs. In this episode, we'll down the different ways that advisors get paid and the types of clients often drawn to these different types of advisors. We'll break down the four main categories of financial advisory services: do-it-yourself, product-based, fee-for-service, and partnership. So whether you're a DIY investor, need a specific financial product, seek comprehensive planning, or want a long-term partnership, this episode will guide you through the pros and cons of each option. Ultimately, it's important that you build a true partnership with your financial advisor and we hope this show helps make that easier. Here's some of what we discuss in this episode: * The four types of clients in financial planning. * How commission-based payments work. * Payment by way of a planning fee and how this is structured. * How the relationship between advisors and clients is a genuine partnership. * Advisors who are paid a fee based on how a portfolio performs. Contact: If you have any questions, call 215-513-4330 or visit https://www.kempharvest.com/ [https://www.kempharvest.com/]

Open Enrollment: What You Need To Know with Kelly Brownell

As we approach the fall, many employees will soon receive emails from their HR departments about open enrollment for the 2025 calendar year. This period is crucial for reviewing and selecting the benefits that best meet your needs. To help us better understand our options and what coverage is best, we are excited to have Kelly Brownell, a seasoned expert in open enrollment and employee benefits, on the show for this important episode. Here's some of what we discuss in this episode: * Why open enrollment is important and what the open enrollment period allows you to do. * Non-health insurance benefits to take a look at as an employee during open enrollment. * Where you should go to get your questions about benefits addressed. * Under what circumstances can you change your benefits mid-year? * The future of employee benefit packages. Connect with our guest: https://www.linkedin.com/in/kelly-brownell-28b182156 [https://www.linkedin.com/in/kelly-brownell-28b182156] Contact: If you have any questions, call 215-513-4330 or visit https://www.kempharvest.com/ [https://www.kempharvest.com/]

Smart Strategies for Saving for College: Tips For Parents

As summer winds down and the new school year approaches, now is the perfect time to consider your strategy for saving for your child's college education. We all know that college isn't getting any cheaper, so a proper financial plan is crucial in helping your child make this big commitment. Join Todd and David as they explore key aspects of college financial planning. They provide practical advice on saving strategies, helping your child define their educational and career goals, understanding student loan options, and making the most of popular 529 plans. Tune in for valuable insights and tips! Here's some of what we discuss in this episode: * Getting on the same page as a family when it comes to college * Helping your child figure out their future goals * Saving and paying for your children's college education * 529 plans as a savings vehicle for college * Paying off school loans + FAFSA Saving For College Website https://www.savingforcollege.com/ [https://www.savingforcollege.com/] Contact: If you have any questions, call 215-513-4330 or visit https://www.kempharvest.com/ [https://www.kempharvest.com/]