Life Isn’t Lived on a Spreadsheet

Welcome to another insightful episode of Life Isn’t Lived on a Spreadsheet! This week, host Alec Quaid, Certified Financial Planner dives deep into the essential components of retirement income planning. Retirement is about more than just financial projections—it’s about living your best life with confidence and clarity. Join us as we unravel the complexities of the Retirement Equation, a framework designed to help you plan for a financially secure future. Alec breaks down critical variables like spending rates, inflation, and tax planning, offering actionable advice to create a personalized retirement strategy that works for you. What You’ll Learn in This Episode: ● Spending in Retirement: How to estimate your future lifestyle costs and adjust for changes like hobbies, travel, or health care. ● Inflation Impact: Why a 2.5% inflation assumption is conservative yet practical for long- term planning. ● Tax Strategies: The importance of minimizing your lifetime tax bill through Roth conversions and other innovative techniques. ● Income Stability Ratio: Discover why a 70–75% stable income target is key to a worry- free retirement. ● Asset Withdrawal Order: Insights on spending down assets efficiently to maximize growth and minimize taxes.

Have you ever wondered how your financial habits were shaped? This episode of Life Isn’t Lived on a Spreadsheet unpacks the profound impact of family influences on financial decisions and how to navigate the complexities of building your financial future. Host Ryan Poterack of Poterack Capital Advisory shares personal insights, real-life stories, and practical advice for overcoming generational patterns and fostering financial literacy. In this episode, we explore: ● The role of family upbringing in shaping financial habits and decision-making. ● Why young people often lack role models in financial planning and how to change that. ● The importance of trust and relationships in seeking financial guidance. ● Real strategies for introducing financial literacy to children and grandchildren. ● Insights into estate planning and having those tough but essential family conversations.

Are you ready to rethink how you plan for retirement? This episode of Life Isn’t Lived on a Spreadsheet dives deep into why your unique story, values, and objectives matter more than cookie-cutter financial advice. Join host Ryan Poterack of Poterack Capital Advisory as he challenges traditional financial planning and explores how behavioral finance and personalized strategies can empower your golden years. In this episode, we cover: ● The pitfalls of “one-size-fits-all” financial advice and why your story matters. ● Behavioral finance: How life experiences, biases, and fears shape financial decisions. ● Choosing between buying and leasing cars: A nuanced look at cash flow, flexibility, and long-term goals. ● Real-world examples of tailoring investment strategies to individual needs, from risk tolerance to portfolio design. ● The importance of asking the right questions to uncover your true financial objectives. Gain actionable insights and fresh perspectives to help you approach retirement with confidence. Whether you're an executive, soon-to-be retiree, or a goal-oriented professional, this episode is packed with advice that breaks away from traditional approaches to financial planning.

Being unsure whether to pay off your mortgage or not — that’s a good problem to have! It means you’ve built up significant savings and have options. While being debt-free is appealing to many, there are practical reasons to consider keeping your mortgage. Let’s take a look at both sides. Paying Off Your Mortgage Paying off your mortgage can offer peace of mind, a sense of accomplishment, and a guaranteed return equivalent to your mortgage interest rate. It may also reduce financial risk by lowering your monthly obligations, which may be especially beneficial as you approach retirement. Keeping Your Mortgage Keeping your mortgage might allow you to pursue higher returns through investments, maintain liquidity for emergencies, and enjoy potential tax benefits. If you’ve locked in a low interest rate, you may prefer to keep that money working for you elsewhere. Ultimately, your decision depends on your goals and comfort with debt. PCA is in the business to help and would love to discuss your unique situation with you!

This will be a deeper-dive into an essential but often overlooked part of retirement planning — how you’ll spend your time. Financial security is important, but having a purpose-filled routine is just as vital. Things to Consider: Before you take the leap, try some “test drives” to find your ideal retirement routine. Unstructured Days: Try vacation days with no plans; reflect on how you feel about the flexibility. New Hobbies and Interests: Experiment with hobbies to find meaningful activities for retirement. Social Life Evaluation: Think about how you’ll stay connected post-retirement; consider new groups or clubs. Routine Adjustments: Try different daily routines to find what’s energizing. Emotional Reflection: Assess your mental state without work obligations to prepare emotionally for retirement. Coordinate with Your Spouse/Partner: Plan for both individual and shared time (if part of a couple). Retirement is more than just free time. Set yourself up for a fulfilling, joyful retirement filled with purpose!

Welcome to Life Isn’t Lived on a Spreadsheet, where we explore the stories behind the numbers and dive deep into the personal side of financial planning. In today’s episode, Ryan Poterack and Charrise McCrorey challenge the traditional view of retirement and offer a fresh perspective on making the most of your golden years. Whether you’re preparing to retire or simply looking for ways to plan for a fulfilling future, this episode is packed with insights to help you approach retirement in a meaningful way. We discuss why focusing solely on the financial aspects can overlook the bigger picture — your life’s purpose, your goals, and your legacy. In this episode, we’ll cover: Why your values, fears, and experiences should drive your retirement planning How tax planning and asset allocation intersect with lifestyle choices in retirement The importance of embracing conflict in discussions about money and retirement Real-life examples of how to balance the practical and personal sides of planning for the future Practical tips to build a retirement plan that reflects your unique story and aspirations By the end of this episode, you’ll gain valuable insights into aligning your financial goals with your personal values and how to make informed decisions that benefit both your wallet and your well-being. We encourage you to engage with us! Have questions or want to share your thoughts? Reach out on social media or send us an email — we’d love to hear from you! Tune in and discover how embracing the human side of retirement planning can transform your approach to your golden years.

Welcome to Life Isn’t Lived on a Spreadsheet. This podcast dives into the personal side of financial planning—because your life isn’t just numbers and charts. Today, Alec Quaid, Certified Financial Planner and Wealth Manager at Poterack Capital Advisory, takes us through variable two of the retirement equation: asset allocation. In this episode, Alec explores: Why simplifying retirement income planning is key to clarity and confidence. How small changes in assumptions can significantly impact your retirement outcomes. The importance of balancing risk and return in your portfolio. Why your money must outpace inflation and support sustainable withdrawals. Real estate’s role in retirement, from appreciation to rental income. Learn how a conservative, straightforward approach to financial planning can help you feel prepared for the long term while staying flexible in the short term. Tune in to discover why proactive, personalized retirement planning is the best way to achieve peace of mind and long-term success. Hit follow to stay updated on future episodes!

How long will your retirement savings need to last? Welcome to “Life Isn’t Lived on a Spreadsheet,” the podcast where we challenge conventional retirement planning. Join Alec Quaid, Certified Financial Planner and Wealth Manager at Poterack Capital Advisory, as he kicks off a deep-dive mini-series on “The Retirement Equation.” Discover a fresh, holistic perspective on retirement that factors in more than just dollars and cents—this is retirement planning that prioritizes you. In this episode, we tackle one of the most critical variables of the retirement equation: longevity. Alec explains why your life expectancy could make or break your financial security and how to plan wisely so your resources last as long as you do. Learn about strategies, tools, and key metrics that go beyond accumulation and shift focus to securing income stability throughout retirement. Topics covered include: Why longevity is crucial to your retirement plan’s success How to choose the right retirement age for financial security and lifestyle goals Using life expectancy data to build a sustainable income model The impact of working longer—and how it doubles as a financial benefit What is the Income Stability Ratio, and how can it safeguard your retirement? Listen in for actionable insights, expert advice, and a roadmap to confident, secure retirement planning. Don’t miss this essential episode on the role of longevity in retirement!

Welcome to Life Isn’t Lived on a Spreadsheet! In this episode, Ryan Poterack, Wealth Manager and CEO of Poterack Capital Advisory, along with co-host Charrise McCrorey dive deep into the often-overlooked world of tax strategies that can significantly impact your retirement planning. It’s time to shift your perspective on how to use your money effectively during your golden years. Join us as we explore how your personal story and unique financial landscape can influence your tax strategy. Whether you’re a business executive, a soon-to-be retiree, or simply someone looking for financial solutions, this episode will provide you with valuable insights and practical advice to help you navigate the complexities of tax planning. In This Episode, We’ll Cover: The difference between tax preparation and proactive tax planning. Key strategies for high-income earners versus retirees. The benefits of charitable giving in a tax-efficient manner, including: Donor Advised Funds (DAFs) and how to maximize their use. Qualified Charitable Distributions (QCDs) and their tax advantages. Understanding tax loss harvesting and how it can mitigate capital gains tax. Practical examples to illustrate complex tax strategies. Why You Should Listen: This episode offers actionable insights to help you reduce tax liabilities, optimize your retirement income, and ensure your financial decisions align with your life goals. By the end, you’ll have a clearer understanding of how to make your money work for you and create a lasting impact through your charitable contributions. We’d love to hear from you! Have questions or thoughts about today’s topic? Reach out to us via email at [email protected] or connect with us on social media. Tune in to Life Isn’t Lived on a Spreadsheet and discover how to transform your retirement planning from anxiety to empowerment!

Welcome to Life Isn’t Lived on a Spreadsheet, where we delve into the stories that shape our financial futures! In this episode, Ryan Poterack and his partner Alec Quaid tackle the often-overlooked emotional aspects of retirement planning, especially as we approach an election year that can stir anxiety among investors. Join us as we explore how your personal experiences and values play a crucial role in shaping your financial decisions, and why understanding this is essential for achieving your ideal retirement. In this episode, we’ll cover: The psychological impact of upcoming elections on investment strategies. Why personal stories matter more than spreadsheets in financial planning. The interplay between financial media and market reactions during election cycles. Historical examples of market behavior during turbulent political times. Practical strategies to manage financial fears and expectations. This episode offers valuable insights that go beyond numbers, aiming to inspire and motivate you to approach retirement with confidence and clarity. Don’t miss this opportunity to discover how to take control of your financial future in a world filled with uncertainty. Tune in now to find out how you can thrive during your golden years!

Retiring before age 65 and unsure about your health insurance choices? This episode is here to clarify your options.  Let’s discover how to secure optimal health insurance before hitting Medicare age 65 and gain clarity on the Affordable Care Act, COBRA, and more with expert insights. Alec Quaid joins health insurance expert Amy Green of Move Health Partners. They dive deep into pre-Medicare health insurance options, including the Affordable Care Act, COBRA, and faith-based sharing programs.  Key conversations in this episode include: Understanding COBRA: What it is and why it might be cost-prohibitive Affordable Care Act: How most Americans can benefit from tax subsidies to lower insurance premiums Faith-Based Sharing Programs: An alternative for those planning a higher income in retirement Medicare Primer: Key considerations for signing up for Medicare, including the implications of different parts (A, B, C, D) And so much more! Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776  Connect with Amy Green CMIR®: LinkedIn: Amy Green CMIR® Book An Appointment 812.200.6465 [email protected] Move Health Partners About our Guest:  Amy Green has been a licensed health insurance agent and Medicare advisor since 2014. She fell into health insurance & Medicare by accident after a successful career in auto manufacturing. Amy quickly fell in love with helping clients to solve complex insurance situations with unique solutions. She enjoys helping clients understand what their health insurance options are and empowering them to make healthcare decisions with confidence. When Amy is not making health coverage simple and clear, she spends time with her husband and 3 kiddos. Her favorite hobby is running their family farm. So if she tells you she is chasing a critter, she’s not pulling your leg! They currently raise pigs, chickens, ducks, rabbits and cows with a handful of barn cats and farm dogs too!

Let’s discover how frequent, personalized communication can make a significant impact on your retirement planning. In this episode, Ryan Poterack sheds light on the unparalleled importance of building a personalized relationship between advisors and clients. By focusing on both the financial and personal aspects, PCA helps soon-to-be retirees overcome pre-retirement anxiety with insightful tax planning and asset allocation strategies.  Key episode discussion points include: Building a candid relationship through frequent, personalized communication is key to successful financial planning Recognizing and addressing individual client stories, fears, and biases can lead to better financial outcomes The importance of tailored tax planning based on each client’s unique financial situation. Frequent, personalized communication helps in understanding the client’s real needs and objectives, reducing the risk of misalignment Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776

How early should you start talking to your kids about money? Here’s how you can raise financially savvy children from toddlerhood through their teenage years. Join Alec Quaid as he explores the right age and methods to start teaching your kids about money. From handling allowances and chores to discussing the value of investments, Alec shares real-life examples and actionable insights that every parent can use. Episode discussion points include: How to initiate money conversations with your kids as young as the toddler stage How Different chore allowances and savings goals can teach kids the value of money and delayed gratification Being open about finances: Encouraging a family culture of transparency regarding financial responsibilities and practices Leveraging real-life examples like opening a bank account or introducing a child to investing to make financial education engaging Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Alec Quaid LinkedIn: Alec Quaid, CFP® Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776

Traditional number-crunching fails to address the anxiety and personal aspects of retirement. That’s why we’re emphasizing the importance of emotional intelligence in financial planning.  Ryan Poterack makes a compelling case for emotional intelligence as a crucial element in effective retirement planning. This episode also covers PCA’s unique client intake process, the importance of matching clients with advisors who resonate with their personal story, and why EQ can ease the anxiety of retirement.  Episode discussion points include: How emotional intelligence plays a key role in effective financial planning PCA’s client intake process focusing on ensuring a perfect match between client and advisor Personalized financial planning significantly reducing pre-retirement anxiety The value of empathy and understanding in building a long-term financial advisory relationship And more Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776

Timing the market is often a perilous venture that can derail your long-term financial goals. Let’s discuss why maintaining your investment strategy during uncertain times is crucial for achieving financial stability. Join us as we explore the dangers of market timing. Learn from Ryan Poterack’s extensive experience and gain valuable insights on why staying the course often yields better results than trying to predict short-term market movements.  Ryan dives deep into the emotional and psychological aspects of investing, helping you understand the true value of a long-term investment strategy. Episode discussion points include: The unpredictability of market timing and its potential pitfalls The importance of “time in the market” for long-term investment success Real-world examples demonstrating the perils of reactive investing Insights into emotional and psychological factors influencing investment decisions And more Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776 

While AI is transforming many industries, when it comes to financial planning, nothing can replace the human touch. Alec Quaid discusses the growing role of AI in financial advisory services. He delves into the current applications of AI, like tax and estate planning efficiencies, and why human empathy remains crucial.  Learn how PCA blends technology with personal touch to provide comprehensive financial solutions. Episode discussion points include: How AI tools are speeding up tax and estate planning processes Why the human element is irreplaceable in managing client emotions and behaviors The potential future roles of AI in financial research and advisory The unique PCA strategy of combining cutting-edge technology with personal client relationships And more Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776

Understanding Social Security intricacies can significantly amplify your retirement benefits, ensuring you navigate these golden years with greater ease and security. Alec Quaid joins us to unravel the complexities of Social Security – how it’s calculated, impacted by marital status, and what potential future changes could mean for retirees. We delve into why so many find this topic bewildering and provide clear, actionable insights to demystify Social Security benefits. Discussion points include:  How understanding the calculation of Social Security benefits can significantly impact your retirement comfort Why marital status plays a crucial role in determining your Social Security benefits. How future changes to Social Security could affect your retirement planning Using the tool ssa.gov for a personalized overview of your projected Social Security benefits And more Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776 

Discover how embracing life’s twists, turns, and triumphs can redefine your approach to financial planning and personal growth.  Learn from Ryan Poterack’s journey—spanning three decades in the industry and personal challenges—that led to profound professional and personal development. This episode is a beacon for anyone looking to blend financial success with personal fulfillment. Discussion points include: The power of asking “dumb questions” for intellectual growth How community involvement and mentorship can transform your personal and professional life The value of adapting to changes within the financial industry and how it impacts personal financial planning Adapting to industry changes and maintaining a forward-thinking mindset underpin long-term success in both life and financial planning And more Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776 

Are you navigating financial planning as a young professional or gearing up for retirement?  Alec Quaid sheds light on the common misconceptions about wealth management among young investors. Learn why starting early can be your biggest financial leverage, how to manage student debt without pausing your life, and why the decisions you make today matter more than you think.  Plus, uncover investment strategies that go beyond the spreadsheet, ensuring your financial plans mature as beautifully as you do.  Discussion points include: Deciding when to engage a wealth manager   Effective management of student debt and its relationship with financial stability and future growth How understanding the power of time can transform your approach to retirement savings Constructing a personalized strategy that aligns with your values, objectives, and life situation  And more Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776 

Let’s talk about the fees involved with investing your money, even those pesky hidden ones. Ryan Poterack is discussing the importance of understanding fees in investments and how they impact returns. Ryan emphasizes the significance of value over cost, highlighting that fees should be equated to the value and services provided.  The discussion explores the various types of fees, including visible ones like advisory fees and expense ratios, and hidden costs like trading fees and turnover expenses. Episode discussion points include: The various fees in financial management & related fees to the value provided by advisors Behavioral coaching helping people make informed, rational decisions amid market uncertainties and emotional triggers The benefits of seeking professional help & the value of time, desire, and knowledge that a wealth manager can provide to enhance investment strategies Why fees are not necessarily small and how they can impact investment returns significantly And more Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776

Transferring or inheriting wealth is not as simple as something like “Venmo”. It should require a strategic wealth transfer plan. Let’s learn how to make one. Ryan Poterack is exploring the intricate world of inheritance and legacy planning with Certified Financial Planner, Alec Quaid. The discussion skillfully navigates the emotionally charged landscape of receiving an unexpected windfall, including the murky waters of taxation, asset allocation, and the crucial role of proper estate planning.  Through real-life scenarios and expert insights, this episode sheds light on the delicate balance of grief, finances, and family dynamics that come into play when managing an inheritance.  Key discussion points include: The emotional impact of inheriting money including unexpected windfalls and the psychological differences in handling inherited wealth Various tax implications of inheriting and transferring wealth Facilitating open communication in families regarding estate planning and discussing inheritances The value of seeking advice from a qualified wealth manager during this time And more Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776

The saying “time is money” is very applicable to the concept of compound interest. What is it and how does this interest accumulate?  Ryan Poterack and Alec Quaid discuss the power of compound interest and the necessity of patience for effective wealth accumulation–also known as “how to get rich slow.” They go over strategies for managing emotional responses to market volatility and underscore the importance of clear communication with clients. The episode also covers the challenges faced during the pandemic and the value of instilling financial discipline in children.  Ryan & Alec discuss:  How compound interest works Navigating market fluctuations when compounding your money The value of time and patience throughout this process The benefits of behavioral coaching from a financial advisor And more Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776  Connect with Alec Quaid, CFP® LinkedIn: Alec Quaid, CFP® About our Guest:  Alec is a Certified Financial Planner Professional who is dedicated to serving people through the platform of financial planning. He takes great pride in helping people accomplish their goals and enjoys helping his clients gain confidence in their financial futures. He is very passionate about educating consumers on the key things to look for in an advisor and also the things that should be cause for concern. Alec has been featured in multiple national publications such as the Wall Street Journal, Forbes, InvestmentNews, and MarketWatch. He serves with multiple organizations including at his local church, Board Member with the Colorado Financial Planning Association, Committee Chair at the Aurora Chamber of Commerce, and as a member and speaker with the nonprofit RoadMap for Aging.

It’s time to interview your new financial advisor.  What questions do you ask, and how do you know they’re the right fit for you? Ryan Poterack and Alec Quaid discuss the critical role of personal values in financial planning, emphasizing a holistic approach to retirement that includes lifestyle goals alongside financial strategies.  They highlight the importance of vetting wealth managers, understanding their compensation structure, and ensuring they act as fiduciaries. The conversation also covers the benefits of boutique firms, the necessity of data security, and staying updated with industry advancements.  Discussion points include:  The questions you should ask your potential financial advisor The difference between fee-based vs. commission-based advisor Red flags in financial advisors Understanding fiduciary standard and how this approach puts YOU first And more Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776  Connect with Alec Quaid, CFP® LinkedIn: Alec Quaid, CFP® About our Guest:  Alec is a Certified Financial Planner Professional who is dedicated to serving people through the platform of financial planning. He takes great pride in helping people accomplish their goals and enjoys helping his clients gain confidence in their financial futures. He is very passionate about educating consumers on the key things to look for in an advisor and also the things that should be cause for concern. Alec has been featured in multiple national publications such as the Wall Street Journal, Forbes, InvestmentNews, and MarketWatch. He serves with multiple organizations including at his local church, Board Member with the Colorado Financial Planning Association, Committee Chair at the Aurora Chamber of Commerce, and as a member and speaker with the nonprofit RoadMap for Aging.

You’ve got your finance guy or gal who manages your investments, but is that truly all they do? It’s time for Ryan Poterack and Alec Quaid from Poterack Capital Advisory to discuss holistic wealth management, stressing the need to understand your unique values and life goals. The conversation covers the importance of comprehensive financial planning over limited product offerings, client education, and the significance of open communication to debunk industry myths. These two professionals share rewarding experiences of assisting clients through major life events and the value of trust in client relationships. Discussion points include: The difference between comprehensive & limited financial advice Breaking down some industry stereotypes, frustrations, and misconceptions The rewarding moments of being a financial professional And more Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776 Connect with Alec Quaid, CFP® LinkedIn: Alec Quaid, CFP® About our Guest: Alec is a Certified Financial Planner Professional who is dedicated to serving people through the platform of financial planning. He takes great pride in helping people accomplish their goals and enjoys helping his clients gain confidence in their financial futures. He is very passionate about educating consumers on the key things to look for in an advisor and also the things that should be cause for concern. Alec has been featured in multiple national publications such as the Wall Street Journal, Forbes, InvestmentNews, and MarketWatch. He serves with multiple organizations including at his local church, Board Member with the Colorado Financial Planning Association, Committee Chair at the Aurora Chamber of Commerce, and as a member and speaker with the nonprofit RoadMap for Aging.

Do you plan on donating money to your favorite charities? First, let’s understand the tax implications so you can maximize your charitable impact. In this release, Ryan Poterack discusses the nuances of charitable giving. He describes the strategies like qualified charitable distributions and donor-advised funds, and the benefits of donating appreciated assets.  Ryan is eager to offer detailed advice, emphasizing the importance of professional guidance for individual financial situations.  Ryan discusses: Qualified charitable distributions and why they’re a smart move for retirement savings How donor-advised funds offer flexibility in your philanthropy The win-win scenario of donating your appreciated assets  The value of seeking professional guidance when making these emotional decisions Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776

401(k)s are so much more than just a retirement savings account. They should be seen as your key to the future. In this release, Ryan Poterack dives deeper into the intricacies of 401(k) retirement accounts. He covers the benefits, such as employer matches, and limitations, like penalties for early withdrawal and limited investment options.  The conversation also touches on the differences between 401(k) and IRA accounts and the need to stay informed about changes in the tax code.  Main talking points include:  Why 401(k)s are so much more than just a savings account The discipline of saving for retirement and the details around employer-matching contributions Considerations around investing our money (especially as we age) The ever-changing nature of the tax code and how staying informed consistently can impact our retirement account performance And more! Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776

Not all conversations about money are going to be comfortable, especially the conversation about what happens to your assets after you pass away. This week, Ryan Poterack discusses the value of having conversations about money and estate planning early on in life. Ryan highlights the emotional aspects of these discussions and the role of a wealth manager in facilitating them.  This episode also covers the necessity of including children in estate planning conversations and the potential for disagreements. Ryan then goes on to emphasize the value of having a plan and how to thoroughly communicate it to loved ones. Talking points include:  How to start conversations about estate planning with your loved ones The most common mistakes people make when creating an estate plan (and how to avoid them) The emotional aspect of having these conversations and why it’s up to the parents to decide when to initiate them The roles associated with an estate plan (including power of attorney, financial power of attorney, and the executor) And more! Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776

“How much and how do you get paid?” This can be an uncomfortable question to ask your current or prospective financial advisor. This week, Ryan Poterack discusses the importance of transparency in how financial advisors are compensated today. Ryan also explains different payment methods, such as commissions and fees, while emphasizing the need for this information to be accessible to consumers to ensure a strong client-advisor relationship. Main talking points include: The various ways financial advisors get compensated The role (and importance) of transparency in any advisor-client relationship Poterack Capital Advisory’s approach to advisor compensation The client or advisor: Who should initiate the compensation conversation  And more! Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776

We’ve talked about the good, the bad, and the limitations of traditional 401(k)s. Now, we’re tackling the process of turning that traditional IRA into a Roth IRA.  What does it take to do a Roth conversion, and is it right for you?  In this episode, Ryan Poterack discusses the benefits and process of converting a traditional IRA into a Roth IRA. He explains the tax implications of both types of IRAs and the value of considering current and future income tax brackets when deciding to convert.  Tune in as Ryan emphasizes the importance of critical thinking in financial planning, using specific examples to illustrate his points.  Main talking points include:  What are Roth IRA conversions and how to maximize its usage   The tax implications of having an IRA conversion The role Roth IRAs have in your unique retirement plan The value of critical thinking skills when creating your financial plans And more! Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776

“Your eyes are bigger than your belly.” Have you heard this saying? (You eat too much of something good and end up feeling not-so-good afterward!) Now, let’s apply it to our finances. Can we have too much money? How much is enough for retirement? In this episode, Ryan Poterack discusses the purpose of money, focusing on its role during retirement. Ryan explains why wealth accumulation is not about greed but about maintaining a lifestyle and potentially giving back.  Ryan uncovers:  Tips on determining how much is enough for personal retirement goals and needs The influence of social media on retirement expectations Ways societal pressures influence people’s financial desires The role of charitable giving in retirement and how to start creating a legacy plan How listening to our personal needs and circumstances can help us know when is the right time to retire And more! Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776

Like most things these days, inflation is getting politicized.  And the truth is that we all want a soft landing from it, regardless of who gets credit for it. This week, Ryan Poterack explores recent inflation, its impact on the economy, and its relationship with higher interest rates. He also sheds light on the history of inflation and its effect on various sectors, including healthcare and education.  Ryan discusses:  The intricate relationship between inflation and interest rates The gig economy and its impact on wages and inflation An on-repeat question: Is inflation ever a ‘good thing’ for the economy and working citizens? Ways to mitigate the risk of inflation impacting our asset allocation strategy And more! Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776

Making mistakes can be discouraging and even embarrassing at times. But the key to personal and professional growth lies in embracing mistakes! In this episode, Ryan Poterack helps you look past your mistakes and turn negative experiences into valuable life lessons. Ryan discusses:  The importance of personal responsibility and embracing mistakes (but not repeated mistakes!) How faith has helped him overcome fear and improve his relationships How to approach circumstances that are out of your control Guiding clients to untangle past baggage and embrace what’s best for them now And more! Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776

What’s the difference between tax preparation and tax planning? Believe it or not, knowing the difference can help you navigate (the often dreaded) tax season! In this episode, Ryan Poterack reveals why tax planning is a year-round process. He talks about the contrast between tax preparation and tax planning while emphasizing the value of taking proactive steps for your future tax years. Ryan discusses:  Reasons you should pay your taxes as soon as you get them The options available when you need help with your taxes The advantages of paying taxes through strategies like donor-advised funds and Roth conversions His unique approach to tax refunds and checks The importance of working with a wealth manager who focuses on tax planning and mitigation  And more! Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776 

When it comes to managing our finances, seeking support from a professional advisor can save us from many costly mistakes. In this episode, Ryan Poterack uncovers the importance of finding the right financial professional and the concept of comprehensive planning. Ryan stresses the value of gathering quantitative and qualitative information from clients while providing them with a holistic view of their financial situation and personal aspirations.  Listen in as Ryan addresses the challenges faced by ‘do-it-yourselfers’ and the benefits of establishing a fee-for-advice relationship with a financial professional. Ryan discusses:  Reasons he gathers quantitative and qualitative client data What  ‘fiduciary’ means at Poterack Capital Advisory The value of asking your advisor about their professional network (ranging from attorneys, CPAs, tax professionals, and beyond!) Some of the roadblocks ‘do-it-yourselfers’ face when doing their own financial planning And more! Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776

We often make financial decisions based on our biases and life experiences. Would you agree? In this episode, Ryan Poterack highlights the importance of understanding our relationship with money and emphasizes the need to question societal expectations and consider alternative perspectives when it comes to financial strategies.  Ryan also shares his approach to uncovering biases and gut reactions towards different strategies while addressing common challenges he faces when helping clients. Ryan discusses:  The role of societal expectations on our financial decisions and ways to mitigate their impact on our financial life How to translate our ‘gut feelings’ when creating and building a financial plan Ways he helps couples overcome financial biases (and some useful tips to overcome yours!) The psychology of saving money and creating the discipline to ‘pay yourself first’ And more! Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory Twitter (X): Poterack Capital Advisory 704-366-5776

It’s no secret that there’s a strong connection between psychology and finances. In this episode, Ryan Poterack explains how Poterack Capital Advisory has evolved since he initially built the company. He highlights PCA’s unique aspects, such as being a virtual firm, its thorough discovery process, and its approach to holistic and comprehensive planning. Ryan also sheds light on the steps his firm takes to assess potential clients and the importance of taking a long-term view while providing personalized solutions.  Ryan discusses:  Poterack Capital Advisory’s history: How long they’ve been in business, ways they have and continue to enhance their approach to serve clients, and how they differ from industry competitors Some shaping moments he has had throughout his career The firm’s ideal client base What you can expect as a new PCA client And more! Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack Life Isn’t Lived On a Spreadsheet: Here’s Why with Ryan Poterack (Ep.1) Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory X (formerly Twitter): Poterack Capital Advisory 704-366-5776 

It’s time to stop living your life through spreadsheets and static plans and start focusing on what really matters. Introducing Life Isn’t Lived On a Spreadsheet with your host, Ryan Poterack from Poterack Capital Advisory In the inaugural episode, Ryan sheds light on his career in financial services, his passion for helping individuals and families navigate the transition into retirement, and his firm’s approach to understanding each client’s unique set of goals and values. Ryan also explores the role faith plays in his life and some of the inspiring reasons he decided to start this podcast.  Ryan discusses:  His journey in financial services What faith and family truly mean to him and the roles they play in his personal and professional life  His fresh perspective on financial planning: Ways he’s implementing his holistic approach to retirement planning Topics he will be covering in his podcast And more! Resources: “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack F3Nation.com Connect with Ryan Poterack:  LinkedIn: Ryan Poterack Connect with Poterack Capital Advisory:  Poterack Capital Advisory Meet the team at Poterack Capital Advisory LinkedIn: Poterack Capital Advisory Facebook: Poterack Capital Advisory Twitter (X): Poterack Capital Advisory 704-366-5776  About Your Host: Ryan Poterack is passionate about problem-solving. There are no magic bullets or one-size-fits-all solutions. Customized solutions start with more facts, questions, and listening. Everyone has unique life experiences, personal objectives, and biases and doesn’t know what they do not know. Coordinating qualitative and quantitative client information is essential to fiduciary recommendations. As CEO & Wealth Manager at Poterack Capital Advisory, Ryan leads a virtual firm focused on helping highly paid executives to optimize tax efficiency and manage their wealth so they can enjoy their best life and create a financial legacy.

Welcome to Life Isn’t Lived on a Spreadsheet with Ryan Poterack from Poterack Capital Advisory. You have unique values, objectives, fears, life experiences, and biases. Any financial professional who ignores or minimizes the importance of “your story” may not be able to help you achieve your ideal outcomes or hit your goals. It’s time to experience the PCA difference! In this podcast, we help business executives, soon-to-be-retirees, and solutions-based individuals, overcome the anxiety leading up to their upcoming years. We do this by initiating in-depth discussions about the financial aspects of retirement, like tax planning and asset allocation, alongside (and often overlooked) personal and lifestyle aspects. Join us for this journey where we explore retirement from a contrarian point of view as Ryan draws from years of expertise and guest experts to help you explore the true purpose of your money in retirement and the impact you want to make in your golden years.