"Financial Planning: Explained"
with Michael Menninger, CFP
Watch episodes of Financial Planning: Explained by Michael Menninger, CFP for educational and unique approaches to financial planning. Financial planning is influenced by all aspects of your life. Learn how major milestones and everyday events can affect your financial future. Contact Menninger & Associates to learn more!
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Considered a Top 10 Financial Planning Podcast |
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Episode #146: Case Study: Retirement Planning Solutions Part II with Nick DeVito, CFP
On this week's on "Financial Planning: Explained”, host Michael Menninger, CFP is welcomes back Nick DeVito, CFP. Nick is a financial planner at Menninger & Associates Financial Planning. This is the second half of a two-part case study on retirement planning solutions.
In this episode, Mike and Nick really dig into the solutions of this particular case study. The guys uncover efficient tax planning strategies, investment strategies, and retirement/social security strategies that would best suit this particular couple's situation. This is a great case study as it touches on nearly all of the aspects of financial planning.
Episode #145: Case Study: Retirement Planning Solutions Part I with Nick DeVito, CFP
This week on "Financial Planning: Explained”, host Michael Menninger, CFP is joined again by Nick DeVito, CFP. Nick is a financial planner at Menninger & Associates Financial Planning. This is the first half of a two-part case study on retirement planning solutions.
In this episode, Mike and Nick discuss a case study that cover many topics of financial planning, including: retirement planning, estate planning, tax planning, and investment planning. In part one, the guys give an overview of this couples financial facts as well as their goals, and then they go into a huge opportunity that the couple missed in the prior years tax season.
Episode #144: Social Security: Understanding the Rules & Nuances Part III with Kyle Ryan, CFP, ChFC
On this week's on "Financial Planning: Explained”, host Michael Menninger, CFP is joined again by Kyle Ryan, CFP, ChFC. Kyle is a financial planner at Menninger & Associates Financial Planning. This episode is the final leg of a three-part series on understanding the rules and nuances of social security.
In this episode, Mike and Kyle discuss when to apply for social security, specific strategies to consider, and the taxation of social security. This is a great episode that really dives into the heart of the topic and answers a lot of questions that you may have.
Episode #143: Social Security: Understanding the Rules & Nuances Part II with Kyle Ryan, CFP, ChFC
On this week's on "Financial Planning: Explained”, host Michael Menninger, CFP welcomes back Kyle Ryan, CFP, ChFC. Kyle is a financial planner at Menninger & Associates Financial Planning. This episode is part two of a three-part series on understanding the rules and nuances of social security.
In this episode, Mike and Kyle talk about the types of social security benefits. The guys also discuss full retirement age, as well as specific case studies that they have personally come across in their careers. This is a great series for anyone coming up on or currently collecting social security.
Episode #142: Social Security: Understanding the Rules & Nuances Part I with Kyle Ryan, CFP, ChFC
This week on "Financial Planning: Explained”, host Michael Menninger, CFP is joined by Kyle Ryan, CFP, ChFC. Kyle is a financial planner at Menninger & Associates Financial Planning. This episode is part one of a three-part series on understanding the rules and nuances of social security.
In this episode, Mike and Kyle discuss the history of social security and the wage tax, the different types of social security benefits, and the full retirement age bracket. This is a great series for anyone coming up on or currently collecting social security.
Episode #141: Business Franchise Ownership with Jeff Schubert
On this week's episode of "Financial Planning: Explained”, host Michael Menninger, CFP sits down with Jeff Schubert. Jeff is the owner of three local franchises of Budget Blinds. Budget Blinds offers a wide range of innovative and stylish cordless and motorized window covering solutions.
In this episode, Jeff and Mike discuss the many different facets of owning a franchise. This episode provides an overview of business franchising, how it works, and many of the advantages of franchising. Topics include: franchising vs. owning a business, tax incentives of a franchise, franchise flexibility and freedoms, and prior experience needed.
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Episode #140: Interpreting the Fed Interest Rate Cut with Brad Sorensen, CFA
This week on "Financial Planning: Explained”, host Michael Menninger, CFP is welcomes Brad Sorensen, CFA. Brad is a portfolio manager and outsourced Chief Investment Officer at Cornerstone Portfolio Research. This is a timely episode, as it discusses the recent interest rate cut by the Fed.
In this episode, Brad and Mike discuss how the Fed has recently cut rates by 0.5%, which is the first time since the beginning of Covid. The guys talk about what that means for the markets moving forward, the history of Fed rates, and the labor market. This is a great episode for all, as Brad helps to clear up some common misconceptions people have about the Fed and their rate cuts.
Episode #139: Employer-Sponsored Insurance Plans with Bryan Nester
On this weeks episode of "Financial Planning: Explained”, host Michael Menninger, CFP is joined by Bryan Nester. Bryan is the founder and President at Nester Insurance Inc. Nester Insurance is an independent insurance and financial services firm with offices in Pennsylvania and New Jersey.
In this episode, Bryan and Mike discuss employer-sponsored insurance benefits. In the first half of the episode, they guys discuss medical benefits and after break they talk about more specific offerings. Topics include: medical insurance, life insurance, disability insurance, accident insurance, long-term care, HRA and HSA planning. This is a great episode for all to learn more about medical insurance planning.
Episode #138: Case Study: Employer Sponsored Investment Plans Part II with Nick DeVito, CFP
This week on "Financial Planning: Explained”, host Michael Menninger, CFP is joined again by Nick DeVito, CFP. This is the second half of a two-part case study on employer sponsored investment plans. Nick is a financial planner at Menninger & Associates Financial Planning.
In this episode, Mike and Nick recap a case study of an individual nearing retirement. After laying out the facts and background of the individual, the guys discuss possible solutions for the client to consider. Topics include: stock options, Restricted Stock Units (RSUs), Employee Stock Purchase Plan (ESPP), Life & Disability Insurance, and 401(k)s.
Episode #137: Case Study: Employer Sponsored Investment Plans Part I with Nick DeVito, CFP
On this weeks episode of "Financial Planning: Explained”, host Michael Menninger, CFP welcomes Nick DeVito, CFP. This is a two-part case study on employer benefits. Nick is a financial planner at Menninger & Associates Financial Planning.
In this episode, Mike and Nick discuss a case study for a single individual nearing retirement. They guys lay out the facts and background of this individual in terms of assets, goals, and investment allocation. Tune in next week when they uncover specific strategies that this individual could utilize to maximize their employer benefits for retirement.
Episode #136: Case Study: Retirement Solutions Part II with Ryan Keefe, CFP
This week on "Financial Planning: Explained”, host Michael Menninger, CFP welcomes back Ryan Keefe, CFP. This is the second episode of a two-part case study on retirement planning. Ryan is a financial planner at Menninger & Associates Financial Planning.
In this episode, Mike and Ryan talk about a case study of a married couple approaching retirement. They begin by recapping specifics of the couples background with a few facts, along with their objectives and goals. Then, the guys dive into possible solutions for the client to consider. Topics include: Roth IRA conversions, HELOCs, beneficiaries, and trusts.
Episode #135: Case Study: Retirement Solutions Part I with Ryan Keefe, CFP
On this weeks episode of "Financial Planning: Explained”, host Michael Menninger, CFP welcomes Ryan Keefe, CFP. This is a two-part case study on retirement planning. Ryan is a financial planner at Menninger & Associates Financial Planning.
In this episode, Mike and Ryan discuss a case study of a married couple approaching retirement. They get into the specifics of the couples background and a few facts, along with their objectives and goals. Tune in next week when they uncover specific strategies that this couple could utilize to maximize their retirement and ensure their estate.
Episode #134: 2024 Mid-Year Economic Update & Forecasts Part III with Thomas Balis CFA
This week on "Financial Planning: Explained”, host Michael Menninger, CFP welcomes back Thomas Balis, CFA. This is part three of a three-part series discussing the mid-year economic update and forecasts. Thomas is the founder and Chief Investment Officer at Cornerstone Portfolio Research.
In this episode, Thomas and Mike talk about the Federal Reserve and interest rates, along with deficit spending, and risks of inflation. They also discuss the "Mag 7" stocks and their significant impact on the US markets. This is a great episode for investors at any level.
Episode #133: How Bad Was This 'Black Monday'? with Brad Sorensen, CFA
On this weeks episode of "Financial Planning: Explained”, host Michael Menninger, CFP welcomes Brad Sorensen, CFA. Brad is a portfolio manager and outsourced Chief Investment Officer at Cornerstone Portfolio Research.
In this episode, Brad and Mike discuss exactly what happened this past Monday, August 5th. From the roller-coaster ride of the Japanese markets to the affect it had on global markets including the United States, the guys dig into what exactly happened and where we go from here. This is a great episode to give perspective on the ripple effect that one country can have globally.
Episode #132: 2024 Mid-Year Economic Update & Forecasts Part II with Thomas Balis, CFA
This week on "Financial Planning: Explained”, host Michael Menninger, CFP is joined again by Thomas Balis, CFA. This is part two of a three-part series discussing the mid-year economic update and forecasts. Thomas is the founder and Chief Investment Officer at Cornerstone Portfolio Research.
In this episode, Thomas and Mike discuss the upcoming election and traditionally how the markets react to each party. Other topics include deficit spending, upcoming tax law changes, and inflation forecasts.
Episode #131: 2024 Mid-Year Economic Update & Forecasts Part I with Thomas Balis, CFA
On this weeks episode of "Financial Planning: Explained”, host Michael Menninger, CFP welcomes Thomas Balis, CFA for a three-part series discussing the mid-year economic update and forecasts. Thomas is the founder and Chief Investment Officer at Cornerstone Portfolio Research.
In this episode, Thomas and Mike examine how the markets performed in Q2 as well as year to date. They also discuss the impact of AI and its future. Then, they briefly get into inflation and what we can expect moving forward. This is a great series for anyone interested in the current hot topics in the markets.
Episode #130: Financial Therapy & Psychology Part III with Dr. Maggie Baker
This week on "Financial Planning: Explained”, host Michael Menninger, CFP and Kyle Ryan, CFP, ChFC welcome back Dr. Maggie Baker for the finale of this three-part series discussing Financial Therapy & Psychology. Dr. Maggie is a Licensed Psychologist and author of Crazy About Money at Baker & Baker Psychology/Psychiatry Associates.
In this episode, Maggie, Mike, and Kyle discuss the concept of when to sell a stock, impulsive buying, and Attention-Deficit/Hyperactivity Disorder. This is a great episode that ties the series together. If you haven't watched the first two episodes, go back and check them out!
Episode #129: Financial Therapy & Psychology Part II with Dr. Maggie Baker
On this weeks episode of "Financial Planning: Explained”, host Michael Menninger, CFP and Kyle Ryan, CFP, ChFC are happy to welcome back Dr. Maggie Baker for part two of a three-part series discussing Financial Therapy & Psychology. Dr. Maggie is a Licensed Psychologist and author of Crazy About Money at Baker & Baker Psychology/Psychiatry Associates.
In this episode, Maggie, Mike, and Kyle talk about budgeting and how we often overlook simple saving measures. They also discuss the value of working with a financial advisor to further educate yourself on financial decisions. This is a great episode for all!
Episode #128: Financial Therapy & Psychology Part I with Dr. Maggie Baker
This week on "Financial Planning: Explained”, host Michael Menninger, CFP and Kyle Ryan, CFP, ChFC are excited to welcome Dr. Maggie Baker for a three part series discussing Financial Therapy & Psychology. Dr. Maggie is a Licensed Psychologist and author of Crazy About Money at Baker & Baker Psychology/Psychiatry Associates.
In this episode, Maggie, Mike, and Kyle discuss Maggie's history with finances and her journey to where she is today. They also discuss the psychology behind our first memories of money and how that influences our relationship with money for the rest of our lives. This is a fantastic series that is a great watch for anyone!
Episode #127: Tax Planning Case Study Part II with Kyle Ryan, CFP, ChFC
On this week’s episode of “Financial Planning: Explained”, host Michael Menninger, CFP welcomes back Kyle Ryan, CFP, ChFC. Kyle is a financial planner at Menninger & Associates Financial Planning. This episode is part two of a two-part episode case study regarding tax planning.
In this episode, Mike and Kyle review the specifics of the case study, and the dig into tax strategies as it pertains to a self-employed individual. Topics include: NUA (Net Unrealized Appreciation), Roth IRA conversions, and SEP IRAs. This is a great episode discussing taxes for anyone who is a business owner or is self-employed.
Episode #126: Tax Planning Case Study Part I with Kyle Ryan, CFP, ChFC
This week on “Financial Planning: Explained”, host Michael Menninger, CFP sits down with Kyle Ryan, CFP, ChFC. Kyle is a financial planner at Menninger & Associates Financial Planning. This episode is part one of a two-part episode discussing a case study revolving around tax planning.
In this episode, Mike and Kyle lay out the groundwork for this case study, discussing the clients goals, and facts about their specific financial picture. They then get into their assets, current investments, and debts. After break, they uncover some key factors to be used as one of the two is self-employed. This is a great episode discussing taxes for anyone who is a business owner or is self-employed.
Episode #125: Tax Deferred Investments with Ryan Keefe, CFP
On this week’s episode of “Financial Planning: Explained”, host Michael Menninger, CFP welcomes Ryan Keefe, CFP. Ryan is a financial planner at Menninger & Associates Financial Planning. This episode discusses the ins and outs of tax deferred investments.
In this episode, Mike and Ryan cover the tax differences between non-qualified annuities, non-deductible, and after-tax 401Ks. They also touch on the advantages and disadvantages of these type of plans. This is a great episode for anyone with questions on investment strategies for tax deferred accounts.
Episode #124: Cybersecurity: Issus & Resolutions with Andres Maldonado & Ryan Keefe, CFP
This week on “Financial Planning: Explained”, host Michael Menninger, CFP sits down with Andres Maldonado and Ryan Keefe, CFP. Andres is the Operations Manager and Ryan is a financial planner at Menninger & Associates Financial Planning. This episode tackles cybersecurity risks and how to navigate them.
In this episode, the guys discuss simple cybersecurity safeguards and prevention, as well as identity theft, along with what to do if your identity is stolen. This is a great episode for anyone, as we all know someone who has had an issue with cybersecurity.
Episode #123: Upcoming Tax Law Changes Part III with Nick DeVito, CFP
On this week's episode of Financial Planning: Explained", host Michael Menninger, CFP is again joined by Nick DeVito, CFP. Nick is a financial planner at Menninger & Associates. This is the conclusion of a three-part series on the upcoming tax law changes in 2025.
In this episode, Mike and Nick discuss the phantom taxation of social security, income tax brackets, IRMAA, and surviving spouses. These factors may result in individual finding themselves in a higher tax bracket in retirement. This episode is great for all ages regarding tax laws.
Episode #122: Upcoming Tax Law Changes Part II with Nick DeVito, CFP
This week on “Financial Planning: Explained”, host Michael Menninger, CFP welcomes back Nick Devito, CFP. Nick is a financial planner at Menninger & Associates Financial Planning. This is part two of the three-part series on the upcoming tax law changes in 2025.
In this episode, Mike and Nick talk about simplifying the tax code using a custom worksheet designed by Menninger & Associates. Mike and Nick walk through an example of an individual in different tax brackets comparing the current tax brackets to the projected 2026 brackets. This episode is great for all ages regarding tax laws.
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Episode #121: Upcoming Tax Law Changes Part I with Nick DeVito, CFP
On this week's episode of Financial Planning: Explained", host Michael Menninger, CFP sits down with Nick DeVito, CFP. Nick is a financial planner at Menninger & Associates. This is the first of a three-part series on the upcoming tax law changes in 2025.
In this episode, Mike and Nick discuss a broad overview of the different types of taxes, with a focus on federal taxes. The two also discuss taxation based on investment types, and the history of tax brackets. This is a great episode for all, no matter what age.
Episode #120: Public Adjusting with Andy Gurkzak
This week on “Financial Planning: Explained”, host Michael Menninger, CFP and Kyle Ryan, CFP welcome Andy Gurkzak. Andy is the President and Manager at Allcity Adjusting, which is a licensed public adjusting firm in Indiana.
In this episode, Andy and Mike discuss the process of an adjuster evaluating property damage, negotiating an insurance claim with the insurance company, and insurance coverage. Public adjusting has financial planning implications as risk management is one of the six areas of financial planning.
Episode #119: Uncovering Unexpected Planning Needs with Nick DeVito, CFP
On this week’s episode of “Financial Planning: Explained”, host Michael Menninger, CFP sits down with Nick DeVito. Nick is a financial planner at Menninger & Associates Financial Planning.
In this episode, Mike and Nick discuss unexpected planning needs that people often overlook. Topics in this episode include: paying off debt, utilizing the benefits of a HELOC (Home Equity Line of Credit), maximizing employer match, and the importance of estate planning.
Episode #118: Year-End Tax Planning Part II with Nick DeVito
On this week’s episode of “Financial Planning: Explained”, host Michael Menninger, CFP is joined again by Nick DeVito. Nick is a financial planner at Menninger & Associates Financial Planning. This episode is the second of a two-part series discussing year-end tax planning.
In this episode, Mike and Nick review further considerations for year-end taxes. Topics in this episode include: tax loss harvesting, Roth IRA conversions, and business deductions.
Episode #117: Year-End Tax Planning Part II with Nick DeVito
This week on “Financial Planning: Explained”, host Michael Menninger, CFP welcomes back Nick DeVito. Nick is a financial planner at Menninger & Associates Financial Planning. This episode is the first of a two-part series on year-end tax planning.
As we reach the end of the calendar year, it is important to review certain considerations for tax planning. In this episode, Mike and Nick discuss options to maximize retirement plan contributions and proper tax withholding.
Episode #116: Understanding Employee Benefits Part II with Nick DeVito
On this week’s episode of “Financial Planning: Explained”, host Michael Menninger, CFP is joined again by Nick DeVito. Nick is a financial planner at Menninger & Associates Financial Planning. This is the second episode of a two-part series on employee benefits.
In this episode, the guys continue their discussion on employee benefits. Mike and Nick go into detail about topics such as disability insurance and 401(k) programs. When discussing 401(k)s the two touch on the basics, vesting, and loan options.
Episode #115: Understanding Employee Benefits Part I with Nick DeVito
This week on “Financial Planning: Explained”, host Michael Menninger, CFP welcomes Nick DeVito. Nick is a financial planner at Menninger & Associates Financial Planning.
This episode is the first of a two-part series on employee benefits. In this episode, Mike and Nick discuss what exactly employee benefits are. After a broad overview, they cover in detail topics like open enrollment, health insurance, and life insurance.
Episode #114: Understanding PSERS Part II with Kyle Ryan, CFP, ChFC
On this week’s episode of “Financial Planning: Explained”, host Michael Menninger, CFP is joined again by Kyle Ryan, CFP, ChFC. Kyle is a financial planner at Menninger & Associates Financial Planning. This episode is the second of a two-part series on PSERS (Pennsylvania Public School Employees’ Retirement System).
In this episode, the guys show an example of a PSERS statement and all that is involved with it. This episode also reviews the portion of the pensions that can be distributed as a lump sum and how it impacts the pension. They also go into detail about the various payout options and how they affect your monthly payout.
*Menninger & Associates is not affiliated with, sponsored by, or endorsed by PSERS
Episode #113: Understanding PSERS Part I with Kyle Ryan, CFP, ChFC
This week on “Financial Planning: Explained”, host Michael Menninger, CFP welcomes back Kyle Ryan, CFP, ChFC. Kyle is a financial planner at Menninger & Associates Financial Planning. This episode is the first of a two-part series on PSERS (Pennsylvania Public School Employees’ Retirement System).
In this episode, the guys discuss exactly what PSERS retirement system is, the PSERS Retirement formula, the PSERS pension changes between older and newer versions, and the surrounding parameters compared to other pensions.
*Menninger & Associates is not affiliated with, sponsored by, or endorsed by PSERS
Episode #112: Retirement Planning Case Study with Kyle Ryan, CFP, ChFC
On this week’s episode of "Financial Planning: Explained", host Michael Menninger, CFP sits down with Kyle Ryan, CFP. Kyle is a financial planner at Menninger & Associates Financial Planning. This episode is a case study on retirement planning, which is one of the six areas of financial planning.
In this episode, Mike and Kyle discuss a case study for a married couple nearing retirement. It’s an interesting case study because it covers topics such as: inheritance, pensions, Roth IRA conversions, tax planning, Social Security planning, and 401(k)s. They also discuss possible solutions to the couple’s situation. This is a great episode for anyone that is nearing retirement.
Episode #111: Business Franchising 101 with Marty Greenbaum, CFE (Part III)
This week on Financial Planning: Explained, host Michael Menninger, CFP welcomes back Marty Greenbaum, CFE. Marty is the Founder and Senior Franchise Consultant at Smart Franchise Investing.
This is the final episode in the three-part series on business franchising. This episode focuses on the process of purchasing a franchise. Topics include: financing the purchase, marketing ventures, and the importance of speaking to a consultant before committing to purchasing a franchise.
Episode #110: Business Franchising 101 with Marty Greenbaum, CFE (Part II)
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP is joined again by Marty Greenbaum, CFE. Marty is the Founder and Senior Franchise Consultant at Smart Franchise Investing.
This is part two of a three-part series on business franchising. This episode focuses on the factors to consider when deciding on purchasing a franchise and which franchisor. Topics include: the vetting process of franchisees, territory stipulations, gauging success, and exit strategies.
Episode #109: Business Franchising 101 with Marty Greenbaum, CFE (Part I)
This week on Financial Planning: Explained, host Michael Menninger, CFP welcomes Marty Greenbaum, CFE. Marty is the Founder and Senior Franchise Consultant at Smart Franchise Investing.
This is the first episode in a three-part series discussing business franchising. This episode provides an overview of business franchising, how it works, and many of the advantages of franchising. Topics include: franchising vs. owning a business, franchise flexibility and freedoms, prior experience needed, and financing a franchise.
Episode #108: Common Financial Planning Topics with Ryan Keefe and Kyle Ryan, CFP (Part V)
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP is joined again by Ryan Keefe and Kyle Ryan, CFP for the final segment of this series. Ryan and Kyle are financial advisors at Menninger & Associates Financial Planning.
This episode is the final episode of a five-part series that reviews various common topics regarding financial planning. This episode also concludes the discussion of retirement planning. Topics include: tax efficient retirement withdrawal strategies, annuity & pension distribution options, and understanding pensions.
Episode #107: Common Financial Planning Topics with Ryan Keefe and Kyle Ryan, CFP (Part IV)
This week on Financial Planning: Explained, host Michael Menninger, CFP sits down with Ryan Keefe and Kyle Ryan, CFP. Ryan and Kyle are financial advisors at Menninger & Associates Financial Planning.
This is the fourth episode in a five-part series on common topics of financial planning. We continue to focus on retirement planning in this episode as it is such a vast and important piece of financial planning. Topics include: forecasting retirement expenses, understanding your cost of living and sequence of return risk.
Episode #106: Common Financial Planning Topics with Ryan Keefe and Kyle Ryan, CFP (Part III)
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP is joined again by Ryan Keefe and Kyle Ryan, CFP. Ryan and Kyle are financial advisors at Menninger & Associates Financial Planning.
This is the third episode in a five-part series reviewing common financial planning topics. This episode focuses on the area of retirement planning. Topics Include: funding retirement goals, pre-59½ distribution strategies, and understanding your cost of living. These topics all reference the importance to successful retirement planning.
Episode #105: Common Financial Planning Topics with Ryan Keefe and Kyle Ryan, CFP (Part II)
This week on Financial Planning: Explained, host Michael Menninger, CFP welcomes back Ryan Keefe and Kyle Ryan, CFP. Ryan and Kyle are financial advisors at Menninger & Associates Financial Planning.
This is the second episode in a five-part series discussing common topics of financial planning. This episode focuses on the investment planning area of financial planning. Topics include: passive index vs. actively managed funds, what to do with a wage increase, harvesting gains/losses, and backdoor Roth IRAs.
Episode #104: Common Financial Planning Topics with Ryan Keefe and Kyle Ryan, CFP (Part I)
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP sits down with Ryan Keefe and Kyle Ryan, CFP. Ryan and Kyle are financial advisors at Menninger & Associates Financial Planning.
This episode is the first episode of a five-part series that reviews various common topics regarding financial planning. This episode focuses on the cash management area of financial planning. Topics include: the importance of good credit, HSAs & FSAs, saving programs for children, and ways to give to charities.
Episode #103: Current State of the Economy with Brad Sorensen, CFA (Part IV)
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP is joined again by Brad Sorensen, CFA. Brad is a Portfolio Manager and Chief Investment Officer at Cornerstone Portfolio Research. Cornerstone is the team that Mike’s firm uses as their outsourced Chief Investment Officers, as they serve in the role of assisting Mike’s team in making investment decisions for their client’s managed portfolios. This is the final episode in this four-part series on the current state of the economy.
In this episode, Brad and Mike discuss the long-term movement of the US dollar and its impact on international investments, which represent 40% of the global stock market. They also end the episode with a graph showing the projected interest rate cuts and discuss the impacts of rate curs on the stock market and bond markets.
Episode #102: Current State of the Economy with Brad Sorensen, CFA (Part III)
This week on Financial Planning: Explained, host Michael Menninger, CFP welcomes back Brad Sorensen, CFA. Brad is a Portfolio Manager and Chief Investment Officer at Cornerstone Portfolio Research. Cornerstone is the team that Mike’s firm uses as their outsourced Chief Investment Officers, as they serve in the role of assisting Mike’s team in making investment decisions for their client’s managed portfolios.
This is the third episode in a four-part series on the current state of the economy. In this episode, Brad and Mike discuss the markets from a broad perspective. This episode shows the behavior of the S&P 500 over the past year, and then discusses the disparity between growth and value stocks. Brad & Mike also review PE ratios and compare them to their historical averages.
Episode #101: Current State of the Economy Part II with Brad Sorensen, CFA
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP sits down again with Brad Sorensen, CFA. Brad is a Portfolio Manager and Chief Investment Officer at Cornerstone Portfolio Research. Cornerstone is the team that Mike’s firm uses as their outsourced Chief Investment Officers, as they serve in the role of assisting Mike’s team in making investment decisions for their client’s managed portfolios.
This episode is the second episode of a 4-part series that reviews various components of the economy and the resulting behavior of the stock and bond markets. In this second part, Brad and Mike talk about the cases for and against a recession. They discuss the indicators of a recession and how we can determine what to expect moving forward.
Episode #100: Current State of the Economy Part I with Brad Sorensen, CFA
This week on Financial Planning: Explained, host Michael Menninger, CFP sits down with Brad Sorensen, CFA. Brad is a Portfolio Manager and Chief Investment Officer at Cornerstone Portfolio Research. Cornerstone is the team that Mike’s firm uses as their outsourced Chief Investment Officers, as they serve in the role of assisting Mike’s team in making investment decisions for their client’s managed portfolios.
This episode is the first of a 4-part series that reviews various components of the economy and the resulting behavior of the stock and bond markets. In this first part, Brad and Mike discuss the two Fed mandates – price stability (inflation) and the labor markets. These two mandates serve as the basis for the Fed raising interest rates, which has a significant impact on the financial markets. In addition, Brad and Mike also touched upon two current hot topics – the debt ceiling and recent bank failures. This first episode also marks the 100th episode of Financial Planning: Explained.
Episode #98: Personal Injury Law with Jon Groth
This week on Financial Planning: Explained, host Michael Menninger, CFP sits down with Jon Groth. Jon is a proven Wisconsin Personal Injury and Litigation Attorney at Groth Law Firm, S.C. and Samster, Konkel & Safran Law Offices, a division of Groth Law Firm, S.C.
This is a great episode that nearly everyone can relate to, whether you’ve had a neglectful injury occur or know a friend of family member who has been hurt in a car accident. Jon and Mike go into detail about a variety of topics including personal injury law, elder abuse, vaccine injuries and even suing your own insurance company!
Episode #97: The Right Way to Travel with Anca Trofin
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP sits down with Anca Trofin. Anca is the owner of Aim High Wellness and Travel, where she blends being a massage therapist, spin instructor, and travel guide.
In this episode, Anca and Mike discuss the importance of traveling efficiently and more specifically, the importance of a travel agent and just the value that they bring to a trip. Anca also discusses her specialty of being the leader and tour host for groups of people taking vacations, especially to Europe. This is a great episode if you plan on taking an extended trip and don’t want to be bothered with figuring out an itinerary of a place you’ve never been to.
Episode #96: Senior Living & Long-Term Care with Rachael Packer and Kyle Ryan, CFP
This week on Financial Planning: Explained, host Michael Menninger, CFP is joined by Rachael Packer and Kyle Ryan, CFP. Rachael is a senior living specialist at Senior Living Specialists Philly. Kyle is one of the financial advisors on staff at Menninger & Associates.
This is a great episode on senior living and long-term senior care that many households can relate to. Rachael goes into detail about how families transition loved ones into facilities, as well as the financial process of how to do so. Mike and Kyle provide the planning side of that as well. This is a must watch for anyone considering moving an elderly family member into a long-term care facility.
Episode #95: Company Stock Plans Part II with Kyle Ryan, CFP
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP welcomes Kyle Ryan, CFP, one of the financial advisors on staff at Menninger & Associates.
In Part Two of this series on company stock plans, Mike and Kyle go into detail about Employee Stock Options and Employee Stock Purchase Plans (ESPP). This is a great episode if your company offers these types of stock plans and provides examples on how to maximize use of them.
Episode #94: Company Stock Plans Part I with Kyle Ryan, CFP
This week on Financial Planning: Explained, host Michael Menninger, CFP sits down with Kyle Ryan, CFP, one of the financial advisors on staff at Menninger & Associates.
This is Part 1 of a 2-part series that discusses corporate stock plans. Specifically, Mike and Kyle discuss company stock plans. This two-part series covers everything from stock in a 401k, RSUs, stock options and employee stock purchase plans. In the first segment Mike & Kyle discuss the purchase of company stock in a 401k Plan, and the little-known tax-advantage rule of Net Unrealized Appreciation. In the second segment, Mike and Kyle discuss Restricted Stock Units (RSUs), how they work and how they are taxed. This is a great episode if your company offers stock options and how to maximize them.
Episode #93: Life Insurance Planning Part III with Kyle Ryan, CFP
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP welcomes Kyle Ryan, CFP, one of the financial advisors on staff at Menninger & Associates.
This episode is the final leg of a three-part series on Life Insurance Planning. This episode goes into detail about the different uses of life insurance (term vs. permanent), and the design of a life insurance program for an individual or family. As part of the design, the hosts discuss methods for calculating the amount of life insurance you may need and for how long you should have it.
Episode #92: Life Insurance Planning Part II with Kyle Ryan, CFP
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP is again joined by Kyle Ryan, CFP, one of the financial advisors on staff at Menninger & Associates.
This is part two of a three-part series on Life Insurance Planning. This episode discusses the different options when designing a life insurance policy, as well as level vs. increasing death benefits. The hosts also explain the various types of permanent/universal life insurance.
Episode #91: Life Insurance Planning Part I with Kyle Ryan, CFP
This week on Financial Planning: Explained, host Michael Menninger, CFP sits down with Kyle Ryan, CFP, one of the financial advisors on staff at Menninger & Associates.
This is the first of a three-part series on a new topic for this show, Life Insurance Planning. This episode explains the different types of insurances, but really details life insurance and just how important it is. The episode details the different types (term and permanent) of life insurance as well and insurance premiums/ratings.
Episode #90: The Taxation of Trusts with Michael Menninger, CFP
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP discusses a topic long overdue on the show, the Taxation of Trusts.
Trusts are used as a very important tool for estate planning, and are commonly used to help effectively transfer wealth to the next generation. In this episode, Mike details Revocable vs. Irrevocable trusts and investing in a trust. He also gives illustrative examples of taxable income estimates via the different tax brackets, and explains the importance of tax planning strategies when investing trust assets.
Episode #89: The SECURE 2.0 Act of 2022 with Kyle Ryan, CFP
This week on Financial Planning: Explained, host Michael Menninger, CFP is joined by Kyle Ryan, CFP, one of the financial advisors on staff at Menninger & Associates.
This is a timely and important episode that discusses the new SECURE 2.0 Act of 2022. The SECURE 2.0 Act provides extraordinary incentives for small business owners to establish retirement plans for their employees. Kyle and Mike go into detail about the changes from the Secure Act of 2019 to the new 2022 Act. The pair then discusses topics including: RMD’s, Auto Enrollment, as well as Employer Match. This is a great episode for small business owners.
Episode #88: Viewer Q&A Part 8 with Ryan Keefe & Kyle Ryan, CFP
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP sits down with Ryan Keefe and Kyle Ryan, CFP. Ryan and Kyle are two of the financial advisors at Menninger & Associates.
This episode touches on a broad scope of topics ranging from asset distribution, paying yourself as a small business owner, and borrowing from a retirement account. This is a very descriptive and informative episode.
Episode #87: Viewer Q&A Part 7 with Ryan Keefe & Kyle Ryan, CFP
This week on Financial Planning: Explained, host Michael Menninger, CFP is joined again by Ryan Keefe and Kyle Ryan, CFP. Ryan and Kyle are two of the financial advisors at Menninger & Associates.
This is a great episode for young professionals in the workforce. Topics include: establishing initial credit, being prepared for a financial emergency, and the most important component of a financial plan. Please share this episode with anyone that you know that could benefit from it.
Episode #86: Viewer Q&A Part 6 with Ryan Keefe & Kyle Ryan, CFP
This week on Financial Planning: Explained, host Michael Menninger, CFP welcomes Ryan Keefe and Kyle Ryan, CFP. Ryan and Kyle are two of the financial advisors at Menninger & Associates.
In this episode the guys dive into the topic of “When is a good time to start retirement planning?” This episode covers everything from capital gains, inheritance taxes, even the current homebuying conditions.
Episode #85: Viewer Q&A Part 5 with Ryan Keefe & Kyle Ryan, CFP
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP sits down with Ryan Keefe and Kyle Ryan, CFP. Ryan and Kyle are two of the financial advisors at Menninger & Associates.
Continuing last weeks discussion in Part 2 of a 2-part series, on what exactly is financial planning, the guys cover the remaining three areas of financial planning, including: Investment Planning, Retirement Planning, and Estate Planning Strategies.
Episode #84: Viewer Q&A Part 4 with Ryan Keefe & Kyle Ryan, CFP
This week on Financial Planning: Explained, host Michael Menninger, CFP is joined again by Ryan Keefe and Kyle Ryan, CFP. Ryan and Kyle are two of the financial advisors at Menninger & Associates. In Part 1 of a 2-part series, the trio discuss the topics and intricacies of the six areas of financial planning.
In this Part 1, they discuss the first three, as they detail the components that are considered for Cash Management, Tax Planning Strategies, and Risk Management. Part 2 will discuss the other three areas of financial planning, as they also demonstrate how each of the six areas of financial planning are integrated with each other and should be considered when developing a financial plan.
Episode #83: Small Business Ownership: Challenges & Pitfalls with Ashley Downs and Joel LeBendig
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP welcomes Ashley Downs and Joel LeBendig. Ashley and Joel are the co-founders of Resync Body Works.
In this episode, Ashley, Joel, and Mike discuss the many challenges of breaking away from being an employee to starting their own small business. As a new business owners, Ashley and Joel discuss the evolution of how they planned the startup of the new business, how they overcame the challenges and pitfalls, as well as the freedom of working for yourself!
*Disclosures displayed in the videos recorded before episode 84 reflect the requirements from previous Broker-Dealers. Please see the footer of the website for how services are provided.
Episode #82: Viewer Q&A Part III with Ryan Keefe & Kyle Ryan, CFP
This week on Financial Planning: Explained, host Michael Menninger, CFP welcomes Ryan Keefe and Kyle Ryan, CFP. Ryan and Kyle are two of the financial advisors at Menninger & Associates. This three-part series covers questions that clients and viewers have asked us over time.
In Part III, the panel discusses questions that we get regularly about financial planning firms, such as: what to expect as a new client, what it means to be a fiduciary, and how to work with a financial advisor through the various stages of your life.
*Disclosures displayed in the videos recorded before episode 84 reflect the requirements from previous Broker-Dealers. Please see the footer of the website for how services are provided.
Episode #81: Viewer Q&A Part II with Ryan Keefe & Kyle Ryan, CFP
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP® sits down with Ryan Keefe and Kyle Ryan, CFP®, ChFC®. Ryan and Kyle are two of the financial advisors at Menninger & Associates.
This three-part series will cover questions that clients and viewers have asked us over time. In Part II, the panel tackles rebalancing your 401(k), the 60/40 balanced portfolio, and the proper investments (and those to avoid) when entering and coming out of a recession.
*Disclosures displayed in the videos recorded before episode 84 reflect the requirements from previous Broker-Dealers. Please see the footer of the website for how services are provided.
Episode #80: Viewer Q&A Part I with Ryan Keefe & Kyle Ryan, CFP
This week on Financial Planning: Explained, host Michael Menninger, CFP is joined again by Ryan Keefe and Kyle Ryan, CFP. Ryan and Kyle are two of the financial advisors at Menninger & Associates.
This three-part series will cover questions that clients and viewers have asked us over time. In Part I, the panel discusses combatting inflation in your retirement portfolio, the Fed raising interest rates, and investing in bonds.
*Disclosures displayed in the videos recorded before episode 84 reflect the requirements from previous Broker-Dealers. Please see the footer of the website for how services are provided.
Episode #79: Our Investment Philosophy with Ryan Keefe & Kyle Ryan, CFP
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP is joined by Ryan Keefe and Kyle Ryan, CFP. Ryan and Kyle are two of the financial advisors at Menninger & Associates.
The panel discusses in detail what the investment philosophy is at Menninger & Associates. There are many facets involved in properly choosing investments for clients, and the guys tackle each of those aspects.
*Disclosures displayed in the videos recorded before episode 84 reflect the requirements from previous Broker-Dealers. Please see the footer of the website for how services are provided.
Episode #78: Student Loan Forgiveness with Kyle Ryan, CFP & Nick DeVito
This week on Financial Planning: Explained, host Michael Menninger, CFP® leads a panel discussion with Kyle Ryan, CFP® and Nicholas DeVito to address a timely topic – student loan forgiveness. Kyle is a CFP at Menninger & Associates and Nick is the newest member of the team. They both are dealing with student loan debts, so this topic is very pertinent to the two.
With the hot topic of student loan forgiveness promised by the White House, millions of students, former students, and parents across the country have many questions. In this episode, the panel discuss everything that we know so far and provide great advice for anyone with current student loan debt.
*Disclosures displayed in the videos recorded before episode 84 reflect the requirements from previous Broker-Dealers. Please see the footer of the website for how services are provided.
Episode #77: Current State of the Market Part II with Thomas Balis, CFA
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP is joined again by Thomas Balis, CFA. Thomas is the founder and chief investment officer of Cornerstone Portfolio Research. Cornerstone is the team that Mike’s firm uses as their outsourced Chief Investment Officers, as they serve in the role of assisting Mike’s team in making investment decisions for their client’s managed portfolios.
In Part II of this series, Thomas and Mike touch on the 800-pound gorilla in the room – inflation. From there, they discuss the causes of record inflationary, and what and why the Fed is raising interest rates to combat inflation. They also discuss the current state of the market and economy, as well as the many issues affecting them. These issues include second quarter earnings reports, the job market, and what to expect moving forward. This is a timely and very informative episode regarding the markets and the economy.
*Disclosures displayed in the videos recorded before episode 84 reflect the requirements from previous Broker-Dealers. Please see the footer of the website for how services are provided.
Episode #76: Current State of the Market Part I with Thomas Balis, CFA
This week on Financial Planning: Explained, host Michael Menninger, CFP welcomes Thomas Balis, CFA. Thomas is the founder and chief investment officer of Cornerstone Portfolio Research. Cornerstone is the team that Mike’s firm uses as their outsourced Chief Investment Officers, as they serve in the role of assisting Mike’s team in making investment decisions for their client’s managed portfolios.
This two-part series will discuss pertinent issues regarding the stock market and the many factors that are currently affecting it. In Part I, Thomas and Mike discuss the economy and whether or not it is in a recession, which has been a political debate the past couple weeks. This is a timely and very informative episode regarding the markets and the economy.
*Disclosures displayed in the videos recorded before episode 84 reflect the requirements from previous Broker-Dealers. Please see the footer of the website for how services are provided.
Episode #75: R&D Tax Credits and Financial Education with Randy Crabtree, CPA
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP is joined by Randy Crabtree, CPA. Randy is the Co-Founder and Partner at Tri-Merit Specialty Tax Professionals.
This is a great episode as it touched very niche parts of tax planning, as Randy’s firm educates other CPAs and industrial clients including R&D and other unique tax credits. Further, Randy and Mike draw the parallels of their true passion for teaching their respective professions of Tax Planning and Financial Planning to other industry professionals. This is a great episode for CPAs who represent Manufacturers, Software Developers, Architects, and Engineers. This episode would also interest business owners / founders who wish to move on from daily management of the business to a different, but active role in the company.
*Disclosures displayed in the videos recorded before episode 84 reflect the requirements from previous Broker-Dealers. Please see the footer of the website for how services are provided.
Episode #74: Current State of the Housing Market wit Dave Cary & Doug Braun
This week on Financial Planning: Explained, host Michael Menninger, CFP welcomes back real estate agent, David Cary and his new Co-Founding Partner, Douglas Braun. Dave and Doug recently opened their own real estate agency called Prime Real Estate, which employs 20 agents.
This episode touches on all the questions we get asked regularly about the housing market. From the recent increase in interest rates to the justification of landlords increasing rent, this episode is a must see whether you’re a homeowner looking to move, or a first-time home buyer.
*Disclosures displayed in the videos recorded before episode 84 reflect the requirements from previous Broker-Dealers. Please see the footer of the website for how services are provided.
Episode #73: Cyber Security For Businesses with Brian McCarthy
On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP sits down with Brian McCarthy. Brian is the Founder & President of Open Tier Systems. They are a leading provider of IT, VoIP, and Networking solutions and services for small to medium sized businesses.
Brian and Mike touch on cyber security for businesses and how to keep your assets and website safe. This episode discusses the three main factors of cyber security including: multi factor authentication, password management, and backup. This is an informative episode to watch not only as a business owner, but as someone who houses passwords anywhere on the internet.
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*Disclosures displayed in the videos recorded before episode 84 reflect the requirements from previous Broker-Dealers. Please see the footer of the website for how services are provided.
Episode #72: Helping Women Navigate Financial Decisions with Stacy Francis, CFP
This week on Financial Planning: Explained, host Michael Menninger, CFP® is excited to welcome Stacy Francis, CFP, CDFA, CES. Stacy is one of twenty of the nation’s leading wealth managers on CNBC’s Digital Financial Advisor Council, and frequently appears in media outlets such as Forbes, Kiplinger, The Wall Street Journal and USA Today.
Stacy and Mike discuss her expertise, which is financial planning for women who are experiencing divorce, or the loss of a loved one. This episode is a must see for anyone you know who is currently experiencing a life changing event that left them financially vulnerable.
*Disclosures displayed in the videos recorded before episode 84 reflect the requirements from previous Broker-Dealers. Please see the footer of the website for how services are provided.
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