Retirement Repair Shop with Mary Beth Franklin

InvestmentNews

Just when you thought your retirement plan was safely on autopilot, life has a way of interrupting. Maybe you lost your job, or suddenly faced a health scare. Enter retirement expert Mary Beth Franklin, who has all the solutions — and knows the right experts — to help navigate any hazard.

All Episodes

How COVID is affecting women's finances and retirement prospects - 2:00 minutesHow can companies and broader institutions change the environment to support women - 5:30How can FAs support - 8:45Opportunities out of increased savings - 12:00Retirement policy issues coming out of the pandemic - 14:30Pandemic effect on workers' savings - 18:30Next questions to look at, post-pandemic - 21:30This episode is sponsored by Transamerica. For more information, and tools on how you can support female clients on their journey to and through retirement visit www.transamerica.com/women-and-investing

Mar 31

24 min 25 sec

2:40 - When Heather started out in the industry5:15 - Considerations to keep in mind when working with widows8:00 - Organizing the steps of the financial process12:45 - Importance of patience in the widow deciding where to live15:00 - COVID adjustments for engaging with clients20:00 - Staff growth during the pandemic23:00 - Matching clients with the right advisor26:00 - How to charge for these sorts of services28:15 - The importance of sharing account access31:45 - Coordinating with other service providers34:45 - Resources for advisors in this area37:15 - Final comments - Keep the person in mindThis episode is sponsored by Transamerica.For more information, and tools on how you can support female clients on their journey to and through retirement visit www.transamerica.com/women-and-investing

Mar 24

41 min 47 sec

2:30 - Stacy's background and inspiration 5:00 - The persistence of a gender imbalance in talking about money over generations7:15 - The surge in gray divorce11:00 - Silver linings from the pandemic14:00 - Financial advisors handling divorce17:00 - Specialists for helping sort out finances in a divorce19:00 - The effect of new tax treatment on alimony/spousal support21:30 - Nuances to dividing assets equally, especially tax impacts24:30 - The disparity between married women and divorced women's retirement confidence27:00 - The family home pitfall28:45 - The risk of not investing31:00 - The mortgage process for the post-divorce home33:00 - 3 different divorce models36:15 - Background on Savvy Ladies, Stacy's nonprofitThis episode is sponsored by Transamerica.For more information, and tools on how you can support female clients on their journey to and through retirement visit www.transamerica.com/women-and-investing

Mar 17

41 min 42 sec

02:00  - Background on Liz O’Donnell’s elder care experience – what happened, what it meant for her earnings potential05:30 - A first experience with a financial advisor and how it went wrong vs. why a second experience was better12:00 - Guidelines for FAs when working with caregiver clients and the role the FA can play in coordinating19:30 - How modern technology can help FAs in these situations, e.g. Zoom24:30 - Connecting with the other professionals who support caregiver clients28:30 - What goes into selecting a care facility35:30 - Affording a care facility41:45 - COVID-19 effect44:30 - Approaching the discussions around this topic This episode is sponsored by TransamericaFor more information, and tools on how you can support female clients on their journey to and through retirement visit www.transamerica.com/women-and-investing

Mar 10

49 min 26 sec

What we are learning today will shape all of our futures. Even with glimmers of hope as stock markets recover most of the losses from earlier this year. Trading high on every whiff of a possible future vaccine and promises of resumption of business as not so normal. Joe Boan of Transamerica and Mary Beth Franklin discuss what we have learned so far from the Coronavirus and economic loss and where we go from here.

Jun 2020

39 min 48 sec

Women control $22 trillion of retirement assets, but often feel ignored and misunderstood when it comes to retirement planning. The coronavirus has created a new layer of complexity to retirement planning. What do women need to know to thrive in retirement after quarantine? There are also some silver linings that will provide some glimmers of hope for the future.  Catherine Collinson of Transamerica joins Mary Beth Franklin for the latest episode of the Retirement Repair Shop to discuss.

Jun 2020

33 min 47 sec

The key word in this episode of the Retirement Repair Shop is adapt. Many top financial professionals are adapting in ways they never though they could. Steve Sweeney of Transamerica explains that patience is key and some financial advisers will have to step outside their comfort zone and add some new skills in order to survive. Learn some critical tips to help your small business soar during this pandemic.

May 2020

33 min 28 sec

Sometimes the implications of financial planning are not apparent until the darkest hours. These certainly seem like dark days. Virtually everyone has been touched by the recent market volatility, but no group has been more affected than people who are close to retirement. Ryan Bertrand of Transamerica joins Mary Beth Franklin to discuss how to discuss market conditions and keep clients on tracks.

May 2020

27 min 36 sec

Investing behaviors during a crisis like the coronavirus can be tumultuous. Behavioral finance research explains why so many people make costly investment mistakes during times of stress, but financial advisers can really shine during these challenging times, helping clients overcome short-term fears that can cloud their judgment, while encouraging them to focus on the long-term goals.

May 2020

29 min 44 sec

The second season of the Retirement Repair Shop we will be focusing on the coronavirus pandemic and its impact on our lives, our economy, and our finances. The first quarter of 2020 will be remembered as among our country's darkest days. Never before has the world confronted a global pandemic that simultaneously shut down world economies, rattled stock markets, triggered enormous waves of unemployment, and quarantined citizens. Collectively, we are facing fears on multiple fronts. We are scared about a life-threatening virus. We are worried about how our economy will respond when we finally emerge from the lockdown and we're anxious about our personal finances.

May 2020

27 min 39 sec

Show Title Retirement Repair Shop with Mary Beth Franklin Show Description Just when you thought your retirement plan was safely on autopilot, life has a way of interrupting. Maybe you lost your job, or suddenly faced a health scare. Enter retirement expert Mary Beth Franklin, who has all the solutions — and knows the right experts — to help navigate any hazard. Episode breakdown Welcome to the Retirement Repair Shop with Mary Beth Franklin. On this episode of the podcast, Mary Beth speaks with Kathleen Rehl, the author of Moving Forward on Your Own: A Financial Guidebook for Widows, to examine how advisers should work with widows. Because the facts are clear: 70% of widows who worked with an adviser before their spouse's death will fire that adviser because that adviser didn't understand their grief and their widowhood journey. About the guest Kathleen Rehl has traveled the journey about which she speaks and writes. She focuses on women who have loved and lost. She inspires widows in transition to move forward on their own, yet not alone. That includes practical ideas and tools, along with assisting professionals to understand and serve widowed clients well. Kathleen's book has been featured in The New York Times, Wall Street Journal, Kiplinger’s and numerous publications. The U.S. Army uses her guidebook in their Survivor Outreach. More from Kathleen Rehl Her website: kathleenrehl.com Download her book: https://www.amazon.com/Moving-Forward-Your-Own-Financial/dp/0984579303 Moving Forward on Your Own: A Financial Guidebook for Widows: Ph.D., CFP, Kathleen M. Rehl: A husband's death is possibly the most devastating event a woman will experience. She might wonder if she will be able to make it on her own. She may feel overwhelmed and not know what to do next without her partner. Kathleen's guidebook helps widows be more confident. Credits Production sound engineer: Joe Santoyo Post sound engineer: Boris Palacios Music: DJ Throdown For more information go to www.InvestmentNews.com/RepairShop To share your retirement hurdles with us, or to ask a question or contact us, please email podcasts@investmentnews.com InvestmentNews Twitter: @investmentnews Mary Beth Franklin Twitter: @MBFretirepro InvestmentNews LinkedIn InvestmentNews Facebook

Jul 2019

23 min 30 sec

About the Guest Angie O’Leary, a 25-year veteran of the wealth industry, is head of Wealth Planning at RBC Wealth Management-U.S. In this role, O’Leary and her team are focused on helping clients live life with more clarity and confidence through goals-based planning delivered by skilled financial advisors. Angie’s bio: https://www.rbcwealthmanagement.com/us/en/p/angie-oleary/detail/?p=e Credits Production sound engineer: Joe Santoyo Post sound engineer: Boris Palacios Music: DJ Throdown For more information go to www.InvestmentNews.com/RepairShop To share your retirement hurdles with us, or to ask a question or contact us, please email podcasts@investmentnews.com InvestmentNews Twitter: @investmentnews Mary Beth Franklin Twitter: @MBFretirepro InvestmentNews LinkedIn InvestmentNews Facebook

Jul 2019

24 min 35 sec

Show Title Retirement Repair Shop with Mary Beth Franklin Show Description Just when you thought your retirement plan was safely on autopilot, life has a way of interrupting. Maybe you lost your job, or suddenly faced a health scare. Enter retirement expert Mary Beth Franklin, who has all the solutions — and knows the right experts — to help navigate any hazard. Episode breakdown Welcome to the Retirement Repair Shop with Mary Beth Franklin. On this episode, Mary Beth speaks with John Nadworny of Special Needs Financial Planning to examine how special needs planning can impact a sound retirement strategy. About the guest John Nadworny brings more than 25 years of experience as a certified financial planner who specializes in working with special needs families. He began to explore this critical niche after his son James was born with Downs Syndrome. In addition to his thriving practice, he has co-authored the ground-breaking book, The Special Needs Planning Guide: How to Prepare for Every Stage of Your Child’s Life. More from John Nadworny: Special Needs Planning website: https://specialneedsplanning.com/john-nadworny/ Download his book: https://www.amazon.com/Special-Needs-Planning-Guide-Prepare/dp/1557668027 Watch John’s story: https://www.investmentnews.com/section/video?playerType=INTV&bctid=5573440923001&date=20170912 Credits Production sound engineer: Paul Schmitz Post sound engineer: Boris Palacios Music: DJ Throdown For more information go to www.InvestmentNews.com/RepairShop To share your retirement hurdles with us, or to ask a question or contact us, please email podcasts@investmentnews.com InvestmentNews Twitter: @investmentnews Mary Beth Franklin Twitter: @MBFretirepro InvestmentNews LinkedIn InvestmentNews Facebook

Jul 2019

30 min 37 sec

Show Title Retirement Repair Shop with Mary Beth Franklin Show Description Just when you thought your retirement plan was safely on autopilot, life has a way of interrupting. Maybe you lost your job, or suddenly faced a health scare. Enter retirement expert Mary Beth Franklin, who has all the solutions — and knows the right experts — to help navigate any hazard. Episode breakdown Welcome back to the Retirement Repair Shop with Mary Beth Franklin. On this episode, Mary Beth speaks with Tom West with Signature Estate & Investment Advisors to examine disability planning because, as Tom points out, a long term care plan is not a "nice to have," but a "need to have" for every investor. About the guest Tom West is a Partner in the investment management and financial planning firm of Signature Estate & Investment Advisors and is a 2017 Signature/John Hancock Hall of Fame inductee. Mr. West is an industry expert who has focused on emphasizing the importance of cash flow in all stages of retirement with an emphasis on planning and asset management for families facing the challenge of health-related dependency due to disability, illness, or death. More from Tom West Visit his website https://www.seia.com/team/tom-west/ Credits Production sound engineer: Joe Santoyo Post sound engineer: Boris Palacios Music: DJ Throdown For more information go to www.InvestmentNews.com/RepairShop To share your retirement hurdles with us, or to ask a question or contact us, please email podcasts@investmentnews.com InvestmentNews Twitter: @investmentnews Mary Beth Franklin Twitter: @MBFretirepro InvestmentNews LinkedIn InvestmentNews Facebook

Jun 2019

25 min 53 sec

Show Title Retirement Repair Shop with Mary Beth Franklin Show Description Just when you thought your retirement plan was safely on autopilot, life has a way of interrupting. Maybe you lost your job, or suddenly faced a health scare. Enter retirement expert Mary Beth Franklin, who has all the solutions — and knows the right experts — to help navigate any hazard. Episode breakdown Welcome to the Retirement Repair Shop with Mary Beth Franklin. In Episode 3, our host speaks with Monica Dwyer of Harvest Financial Advisers to examine the unfriendly reality of losing a job just before retirement. This isn’t a unique problem. According to a survey by ProPublica and the Urban Institute, 56% suffer at least one layoff of other type of involuntary job separation after the age of 50. More from Monica Check out Monica’s website at https://www.monicadwyer-cfp.com/ Credits Production sound engineer: Paul Schmitz Post sound engineer: Boris Palacios Music: DJ Throdown For more information go to www.InvestmentNews.com/RepairShop To share your retirement hurdles with us, or to ask a question or contact us, please email podcasts@investmentnews.com InvestmentNews Twitter: @investmentnews Mary Beth Franklin Twitter: @MBFretirepro InvestmentNews LinkedIn InvestmentNews Facebook

Jun 2019

32 min 13 sec

Show Description Just when you thought your retirement plan was safely on autopilot, life has a way of interrupting. Maybe you lost your job, or suddenly faced a health scare. Enter retirement expert Mary Beth Franklin, who has all the solutions — and knows the right experts — to help navigate any hazard. Episode breakdown Welcome to the Retirement Repair Shop with Mary Beth Franklin. On this episode, our host chats with Andrew McNair of Swan Capital to examine gray divorce and how it can hamper more than just your retirement savings. About the guest Retirement expert Andrew McNair is the president of Swan Capital. He specializes in the fields of retirement income, wealth preservation and estate planning. He has discussed retirement issues with hundreds of people and has helped many improve their retirement plan. More from Andrew McNair: Swan Capital’s website: http://www.swan-capital.com/andrew-mcnair.php Credits Production sound engineer: Paul Schmitz Post sound engineer: Boris Palacios Music: DJ Throdown For more information go to www.InvestmentNews.com/RepairShop To share your retirement hurdles with us, or to ask a question or contact us, please email podcasts@investmentnews.com InvestmentNews Twitter: @investmentnews Mary Beth Franklin Twitter: @MBFretirepro InvestmentNews LinkedIn InvestmentNews Facebook

May 2019

32 min 3 sec

Welcome to the Retirement Repair Shop with Mary Beth Franklin. On this episode, Mary Beth speaks with Ron Mastrogiovanni of HealthView Services to examine how health and wealth planning intersect in retirement. Ron Mastrogiovanni brings more than 25 years of combined experience in financial services, management consulting, and high technology. He is an industry leader in creating financial planning tools for advisers and their clients to use around projecting and solving the dilemma of rising healthcare costs in retirement. More from Ron Mastrogiovanni: HealthView Services website: http://www.hvsfinancial.com/ Healthy Capital website: http://healthycapital.com/ Health and retirement savings whitepaper: http://healthycapital.com/wp-content/uploads/2018/07/18-HC-health-retirement-savings-1.pdf Credits Production sound engineer: Paul Schmitz Post sound engineer: Boris Palacios Music: DJ Throdown For more information go to www.InvestmentNews.com/RepairShop To share your retirement hurdles with us, or to ask a question or contact us, please email, podcasts@investmentnews.com InvestmentNews Twitter: @investmentnews Mary Beth Franklin Twitter: @MBFretirepro InvestmentNews LinkedIn InvestmentNews Facebook

Apr 2019

41 min