We will share simple, powerful concepts that anyone can implement into concrete actionable steps. You will hear from the industry thought leaders that most people don’t have access to – and learn how to protect and grow your assets to live your very best life!
Inflation is skyrocketing in America and across the world. Patti sits down with her Chief Planning Officer, Eric Fuhrman, to discuss what the major headwinds are that are currently driving the economy and asset markets. Looking into the history of the Federal Reserve policy and fiscal policy, they contemplate correlations to determine the best moves to make with investment portfolios during this volatile market.
This episode is next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener’s frequently asked questions. These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question. Throughout our lives, there are specific age milestones that trigger certain opportunities or strategic financial decisions that must be made. Many are familiar with a particular age milestone, but not necessarily the action step that needs to be taken you hit that age. In this very important episode, Patti thoughtfully walks the listener through each major age milestone and lays out the potential choices that can be made, while also reviewing the consequences of each decision.
Patti was recently asked to be a guest on Hartford Funds' Human-Centric Investing Podcast. Together, with hosts John Diehl and Julie Genjac, Patti discusses the importance of helping her clients age with dignity, while also opening communication lines within the family. Throughout her career, Patti has discovered that while the conversation might be very delicate and emotional, it is paramount to discuss "what if's" with adult children. In every client/advisor relationship, there may come a time when a client may become ill or incapacitated. Patti feels that it is her responsibility to help her clients prepare for that unexpected event. Part of helping her clients age with dignity, is working with them proactively in those decisions so family members are aware in advance of their loved one’s wishes. Listen today to find out how to start those difficult conversations with your loved ones – you’ll be glad you did!
This episode is next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener’s frequently asked questions. These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question. In this episode, Patti addresses one of those most common questions she’s presented with. "Patti, where should I put my savings?" There are so many different types of accounts to help grow your savings tax free, but they have varying limitations and benefits. Patti identifies the appropriate accounts for each income situation and stage of life, and shares some of the negative consequences associated with certain strategies offered by other finance professionals. Listen today to hear concrete actionable steps you can take to maximize your savings right now!fd
Today’s show is the second episode of a two-part series, in which Patti welcomes Tim Seifert, the Senior Vice President and Head of Retirement Solutions Distribution for Lincoln Financial Group. Together they continue their conversation about what defines a great leader and the characteristics that are attributed to that role. Many may recognize these traits, but do you also realize the importance of being a good follower and mentee? What is that all about and why is it important? Patti and Tim answer this and reflect back on their experiences in building successful teams and identify what they all have in common.
This episode is next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener’s frequently asked questions. These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question. In this episode, Patti addresses multiple issues that the listener should consider when reviewing health and life insurance policies. Reviewing all your coverages on various policies is an important aspect of your financial planning. Mandates within insurance companies can and do change and it is important that each policy is reviewed at least once a year to make sure the terms of the coverage haven’t changed and still remain relevant. Patti offers actionable steps for a variety of coverages, available to most consumers, that will help keep them protected without the policy lapses.
Today’s show is part two of a two-part series, where Patti continues her conversation with John Nersesian of PIMCO Investment Management. John is the head of Advisor Education at PIMCO and provides advanced wealth management and planning techniques, as well as investment consulting education to financial professionals. In this episode, Patti and John discuss the importance of tax planning throughout the year – how to implement various tax saving strategies that can help protect as much of your portfolio as possible. They discuss the fundamental opportunities that advisors take on behalf of their clients that can provide critical tax relief – from charitable giving strategies to Roth conversion opportunities to the importance of imparting financial values to your adult children with legacy planning techniques.
There has been a lot of hype about cryptocurrency since its creation and introduction to the markets a few years ago – but does anyone really understand what it is or how it works? Patti sits down with her Chief Planning Officer, Eric Fuhrman, to dissect fact from fiction to help listeners better understand what cryptocurrency is and if it has any value at all in today’s diversified portfolio management.
In the first of a two-part series, Patti welcomes John Nersesian of PIMCO Investment Management. John is the head of Advisor Education at PIMCO and provides advanced wealth management and planning techniques, as well as investment consulting education to financial professionals. Patti and John discuss their shared philosophy of continuing to further their learning and developing their skillsets so that they can help clients in a meaningful way. They agree that there are two main goals in retirement that a trusted advisor works towards for their clients. Listen today to find out what those are and how to best navigate these turbulent economic times with your financial advisor.
This episode is next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener's frequently asked questions. These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question. In this timely episode, Patti acknowledges the volatile state of today's economy amidst rising inflation and interest rates. She defines what a market correction is versus a recession and shares the specific steps investors should take during each. It is human nature to want to make sudden changes within a portfolio, but Patti cautions against that with considerations taken for all aspects of an investor's life – not just portfolio performance. Listen today to hear the actionable steps to take, whether you are retired or still employed.
Patti was recently asked to be a guest on Hartford Funds' Human – Centric Investing Podcast. Together, with hosts John Diehl and Julie Genjac, she discussed the importance of connecting with adult children of clients. Patti stresses the power of being a resource for the entire family – not just the client parents. Engaging young adults as they begin their professional careers sets them up for success, in a way that parents sometimes are unable to do. While it is not uncommon for client parents to reach out to Patti and her team, Patti stresses that what is most important is that the conversation is had when the adult children are embarking on careers, and they are then able to start making meaningful decisions about their financial futures and educated decisions about contributions to their retirement accounts. Listen today to find out what those tips for success are!
Today's episode is a special rebroadcast of an economic presentation Patti gave to the oldest and largest law firm in Delaware. During this presentation, Patti outlined specific financial strategies that young Associates, as well as seasoned Partners and Directors, should consider implementing during this very volatile economy. Drilling down to the various stages of life is also critical when making certain decisions because each stage also has its own particular financial challenges. Rising inflation, potential interest rate hikes, and the turbulent real estate market is also affecting financial decision-making. This episode is not just for attorneys – the issues discussed, and strategies offered, apply to any industry – especially during times of economic crisis.
In the first of a two-part series, Patti welcomes Tim Seifert, the Senior Vice President and Head of Retirement Solutions Distribution for Lincoln Financial Group. Together they look back on the careers they began after college and compare them to where they are now. They discuss the specific characteristics of the leaders and mentors that shaped their career trajectories and how they, in turn, apply those leadership traits to their own teams. In doing so, they are developing highly successful and motivated team members that are all intentionally driven toward client satisfaction. These leadership skillsets transcend across all industries and are not dependent on the size of the team or driven by profit margin. Listen today to find out how you can apply any or all, of these ideas to your team today!
This episode is the next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener’s frequently asked questions. These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question. In this episode, Patti explains that there is a Master List of Goals that most clients tend to discuss in meetings – particularly at the beginning of a year or the beginning of the client/advisor relationship. These discussions are important in ascertaining cash flow needs, while also helping clients achieve their retirement goals. Each retirement dream and lifestyle is as unique as each individual, yet the questions that help design what retirement looks like are often the same.
This episode is the next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener’s frequently asked questions. These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question. In this episode, Patti addresses multiple issues that listeners should consider if still working, when reviewing your 2021 tax return. While many individuals choose to have their taxes prepared by a professional, that does not mean you should not review them or have your financial advisor review them for any mistakes. It is not uncommon for something to be overlooked or potential deductions to have been missed. With tax laws changing, it is only prudent to have an extra set of eyes reviewing your return to make sure all deductions are taken advantage of! Patti discusses the most common mistakes that are made every year and reminds the listener of some of the new changes to the tax laws this year.
*Neither Patti Brennan, Key Financial, Inc. nor Royal Alliance Associates, Inc. provides tax advice. Please seek the guidance of a tax professional regarding your particular circumstances before making any financial decisions.
In the second of a two-part series, Patti welcomes John Emerson, currently the Vice-Chair of Capital Group International. John previously served as the US Ambassador to the Federal Republic of Germany during the Russian Invasion of Crimea in 2014. In the first episode, Patti invited John to give his unique perspective on the Russian invasion of Ukraine and how it is affecting economies around the world. In today's episode, John probes into the potential China-Russia collaboration and the impact that this uncertainty is having on the international markets, the war in Ukraine, as well as China's trading partners. They also look toward the US Midterm elections and strategize how that might play out for both political parties.
In the first of a two-part series, Patti welcomes John Emerson, currently the Vice-Chair of Capital Group International. John previously served as the US Ambassador to the Federal Republic of Germany during the Russian Invasion of Crimea in 2014. Patti invites John to give his unique perspective on the Russian invasion of Ukraine and how it is affecting economies around the world. Delving into the geography and history of these countries and their political motivations over the centuries helps the listener to understand the actions of NATO and Ukraine today. Are the sanctions making a difference? John's insight into this war is based on decades, if not centuries of conflict – this episode is not to be missed!
Freedom-loving citizens around the world have been tearfully watching the news as Russia invokes war against Ukraine. What is propaganda and what is fact? Human suffering has been unimaginable and unforgivable. So much has happened, so quickly, that we are left to wonder – how did this happen? In this episode, Patti invites former United States Army Officer, Kristopher Thompson, to give a historical and geographical perspective to the Russian Federation and its obsession with Ukraine. Captain Thompson breaks down the information war and the military strategies being utilized so that the listener may better understand what is happening halfway around the world. Thompson's unique experience offers insight into Putin, his motivation for this invasion, and whether NATO's economic sanctions will prove to be effective measures in ending this invasion.
This episode is next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener’s frequently asked questions. These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question. In this episode, Patti addresses multiple issues that listeners should consider at the beginning of a new year. Patti explains why each of these issues is important and how the science of compounding can provide results faster than anticipated. She also cautions listeners to know the risks of not considering these issues and the effects they can have on your taxes and your portfolio.
America is two months into a New Year and hopefully COVID concerns are in the rear view as mask mandates begin lifting throughout the nation. Most Americans are more concerned with the rising rate of inflation and supply chain shortages and the impact that both seem to be having on the markets and the economy. Patti and her Chief Investment Officer, Brad Everett, discuss current market conditions and predictions and give meaning to the data to help the listener better understand what is really going on in the world. While some industries are still struggling and mortgage rates are beginning to creep up; there are many bright spots in the economy happening too. From the decrease in the unemployment rate to the increase in small businesses, Patti and Brad discuss the implications that all of these have on financial planning and the success of portfolio performance.
This episode is next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener's frequently asked questions. These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question. In this episode, Patti reveals specific details to look out for with some of the most common and dangerous cyber hacking scams out there. Learn how to identify the scam and, more importantly, how to implement the steps needed to prevent yourself from ever falling victim to a cybercriminal in the future.
This episode is next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener’s frequently asked questions. These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question. As Americans are getting their financial and legal houses in order for the beginning of the New Year, many are wondering what ramifications Biden’s tax proposal may have on their estate plan. Patti guides the listener through a checklist of important items to keep in mind before updating or changing certain parts of your estate plan. She also reveals what the best legal tools are to protect yourself and those you love from expensive tax implications.
What age is the best age to start teaching children about money? Every parent may give a different answer to that question and, at times, may regret not teaching their children about the value of money earlier. In this episode, Patti sits down with Key Financial Planning and Portfolio Consultant, Sam Baez, to learn the secrets to his success in educating his own small children about the value of money. Patti also shares her successes (as well as her failures) in teaching her four children about saving and spending their hard-earned money.
In the second of a two-part series, Patti welcomes back Dr. Joseph Coughlin Ph.D., Director of the MIT AgeLab. Together they discuss VAL – Virtual Assisted Living in retirement. This new concept depends heavily on the awareness that technological advancements have the capability to greatly improve the quality of life in retirement. In Dr. Coughlin’s book, “The Longevity Economy”, he explains why longevity planning should be an integral part of retirement planning. With so many retirees choosing, and hoping, to stay in their homes as long as possible – VAL is a program that offers solutions to help make that happen.
In the first of a two-part series, Patti welcomes back Dr. Joseph Coughlin PhD, Director of the MIT AgeLab. Together they explain what the new "social security" is in retirement. This new concept of social security may be more important than the actual social security checks retirees receive every month because it affects quality of life in retirement. In Dr. Coughlin’s book, "The Longevity Economy", he explains why longevity planning should be part of retirement planning. Just because someone has money and financial security, that doesn’t necessarily mean you have a life. Patti reveals how she, as a trusted advisor, collaborates with her clients to successfully plan their retirement through longevity planning.
Patti welcomes special guest, Kevin Reilly to the show. Kevin is a former Philadelphia Eagles Linebacker and Special Teams Captain who was diagnosed with a devastating cancer that ended his professional football career and almost took his life. Kevin shares his story of unimaginable pain and the struggle of recovery that led to his true purpose in life. At a time when Americans are struggling with rising inflation and economic concern, Patti acknowledges that this message of faith, hope, and perseverance will help put everything in perspective.
Patti meets with her Chief Planning Officer, Eric Fuhrman, to unravel the intricacies of Biden’s New Tax proposal, the Build Back Better Plan. It seems that while a lot of items are being “negotiated” off the proposal, there is a handful of line items that should be causing concern for many Americans – and not just the top-tier wealthy Americans. Time is running out to take advantage of some "must-do's" in financial planning and estate planning before the end of the year. Patti and Eric give detailed solutions to take advantage of some key opportunities still available to save on taxes and help preserve capital.
Patti meets once again with her Chief Planning Officer, Eric Fuhrman, to sift through all the Plans and regulations of Medicare. Open enrollment for 2022 starts October 15th and ends on December 7, 2021. Each Plan offered in Medicare has different coverages and it’s important that consumers are aware of the inclusions and limitations associated with each. Patti and Eric carefully dissect the nuances of each Plan, while also reminding the listener of key dates in the timeline to be aware of. Also discussed are key considerations if a spouse is still employed and has other healthcare coverage.
This episode is next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener's frequently asked questions. These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked, but should be asked, question). There are many reasons people choose to move to another state. The hot real estate market of 2021 may have accelerated the issue for many considering retirement or job change. Before making this decision, there are several issues to consider – many involving serious potential tax consequences. Patti guides the listener through a checklist of important items to keep in mind before making the big move, to better understand the rules when establishing state residency to fight potential tax audits.
Patti welcomes Dr. Jason Karlawish, Co-Director of the Penn Memory Center, and author of "The Problem of Alzheimer's – How Science, Culture, and Politics Turned a Rare Disease into a Crisis and What We Can Do About It". They define the difference between mild cognitive impairment, dementia, and Alzheimer's and address the stigma associated with this disease. America is one of the few western global democracies that has not formulated a national healthcare plan to cover the rising costs associated with caring for individuals suffering from this disease. Dr. Karlawish identifies the signs to look for in diagnosing this disease and reveals how recent biomedical breakthroughs can spur our healthcare system from failing these patients to saving them.
This episode is next in the podcast series, #AskPattiBrennan – a series of episodes in which Patti answers one of her listener's frequently asked questions. These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked, but should be asked, question). In this episode, Patti addresses another important question asked by her clients. "I have a child/grandchild with special needs, what resources are out there that can assist me in providing and maintaining a good quality of life for him/her?" Patti identifies some great state and federal programs, as well as key estate planning opportunities that should be taken advantage of. She also offers other solutions to questions regarding adoptions of children with special needs.
Patti meets with her Chief Planning Officer, Eric Fuhrman, to discuss concerns most Americans have right now regarding rising inflation. To understand the relationship between our economic imbalance and inflation, they first define the two concepts and then give a global historical perspective. Is history repeating itself in relation to the economic crisis we faced with inflation during the 1970s or is this transitory, short-term inflation? What do the pandemic and global economic shutdowns for 2020 have to do with the rise in inflation we are now seeing? Patti and Eric delve into what is happening and why. As consumers, Americans should be aware of how long the economic recovery might take and what goods and services are affected more than others. As investors, Patti offers some suggestions on what steps should be taken during this time.
In America today, there are 31 million small businesses. These small businesses represent over 99% of all companies nationwide! Many of them fight month to month to remain profitable without the threat of a global pandemic. What was the difference between the companies that made it through 2020 and those that did not? In this episode, Patti interviews four different consumers in different demographics to discover their favorite small businesses they chose to support and she learns a few "secrets" as to how these businesses were able to survive – and thrive – through the pandemic. The key to small business success may be the same key to success for major corporations as well!
This is the “wrap up” episode of last year’s Covid-19 series entitled Covid and Courage. Patti concludes the series with an emphasis on our nation’s recovery. She addresses the recoveries of small businesses and the importance of knowing your corporate culture. Smart leaders have pivoted to be sensitive to the needs of their employees and their respective family situations. She shares her perspective as a CEO, and a consumer, with Gregg Stebben, a nationally renowned radio host, author, and journalist who has interviewed Presidents, Senators, and professional athletes.
This episode is next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener's frequently asked questions. These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked, but should be asked, question). In this episode, Patti addresses one of the most frequently asked questions by her clients…My son/daughter is getting married, "What issues should we discuss with them to better prepare them to be financially secure?" There are many financial pitfalls that can be avoided – whether it’s a first marriage or a second, Patti reveals the very important topics that must be discussed and the decisions that should be made to remain financially secure.
This episode is next in the new podcast series, #AskPattiBrennan – a series of episodes in which Patti answers one of her listener’s frequently asked questions. These podcasts are shorter in length and address one FAQ or RAQ (Rarely asked, but should be asked, question). In this episode, Patti addresses the first issue of how to come up with a down payment and what, specifically, the lenders are looking at. She also warns against big mistakes that buyers make and how they can be protected from them. This is a must-listen podcast for anyone looking to jump into the hot real estate market right now by buying their first home or vacation property.
The latest large proposal of the Biden administration is The American Families Plan. The debates in creating this large tax plan are huge, everchanging, and cross party lines. Patti meets with Bill Cass, the Director of Wealth Management for Putnam Investments to discuss the implications of the proposal as it looks now in the summer of 2021. They discuss the tax law changes that will most likely get passed later this year, as well as the proposed changes that are rumored to be eliminated from the final proposal of the bill before it is passed. Patti and Bill share how high net worth individuals, corporations, and anyone with an estate plan that involves gifting and Trusts will learn a few surprises that may come with the President's new tax proposal.
This episode is next in the new podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener’s frequently asked questions. These podcasts are shorter in length and address one FAQ or RAQ (Rarely asked, but should be asked, question). As graduation season is upon us, this timely episode offers three specific things to do for recent college grads. These tips from the Barron’s Hall of Fame Advisor and Forbes Best in State Advisor are the same advice that Patti gave her own kids when starting their careers. Listen today and share these valuable strategies with all the college graduates you know!
Newly recognized by Chester County Chamber of Business and Industry as the 2021 Executive of the Year, Michael Duncan shares his experience as Chester County Penn Medicine Hospital’s CEO during the COVID pandemic. Patti and Michael discuss the multitude of challenges that he faced during the worst global pandemic in our lifetime. From PPE shortages to fragile employee morale to issues of social injustice, his leadership was tested at every turn. Who inspired this CEO through the worst of it? What were the lessons learned and taught? Patti asks the tough questions and learns a lot of what was happening behind the scenes during this tumultuous year. In part two of a two-part series, this episode is one of heartache but also one of hope and the fortitude of the human spirit.
As a Board Member of Chester County Hospital for several years prior to Michael Duncan's arrival, Patti was familiar with the financials of the Hospital. Within a year of Michael's appointment to Hospital CEO, he was laying out a $300 million expansion proposal for the future of Chester County’s beloved independent hospital. Patti and Michael discuss the challenges his leadership faced, how he overcame them, and led them through the biggest expansion and future acquisition of the Hospital by Penn Medicine. Recognized by Chester County Chamber of Business and Industry as the 2021 Executive of the Year, learn how Michael's leadership has now turned Chester County Penn Medicine Hospital into the #1 community-based hospital in Pennsylvania – according to Newsweek magazine. This is part one of a two-part series.
In the first episode of the new #AskPattiBrennan podcast series, Patti answers one of her listener's frequently asked questions. This series of podcasts will be shorter in length and will address one FAQ or RAQ (rarely asked, but should be asked, question). In today's episode, Patti cuts through all the confusion regarding how long certain documents should be kept and when is a good time to shred them. There are three timeframes to keep in mind and each one is specific to certain documents. Listen today to get your answers!
Patti meets with her Chief Planning Officer, Eric Fuhrman, to discuss the recent fiscal stimulus packages and the effect they have on the nation's output gap. To understand the relationship between the two, they first define the concepts and then give historical perspective. Many Americans are asking the question, "Why does the government spend huge sums of money during economic crises?" Patti and Eric answer this question and delve into the nuances of how the government determines exactly how much to spend. They also explain why this practice has been so effective for our economy – contrary to some public reaction that may be heightened when discussing figures of this magnitude.
In part two of this two-part episode, Patti continues her conversation with Sarah Bratton Hughes, the Head of Sustainability at North America for Shroders. They delve deeper into how governments can influence investor and consumer behavior by imposing new laws and tax policies. With recent Presidential actions, the United States is positioning itself in a leadership role and will most likely influence a significant increase in global climate action. Various industries and markets around the world are evaluating everything from their labor practices to their environmental impacts, to make sure strong governance is in place that will result in more positive environmental or social policies. Investors are looking to maximize long-term returns by understanding which industries and markets are compliant or moving towards sustainable practices.
There has been a shift in thinking when it comes to socially responsible investing – and it’s not only an important issue with millennials! In today's episode, Patti is joined by Sarah Bratton Hughes, the Head of Sustainability at North America for Shroders. Sarah defines the three categories of sustainable investing and explains what changes she is seeing in the global markets as a result of investors and corporations looking to make socially responsible decisions. As nations around the world shift to clean energy and technologies, institutional investors and asset managers are answering the new demand for these investment products. In the first of a two-part series, Patti and Sarah identify the opportunities now available to maximize returns on these investments and also the environmental benefits that come as a result.
America is two months into a new year and one month into a new Presidency. Many ideas were proposed during the campaign and some have already been put in action. Patti and her Chief Investment Officer, Brad Everett, focus on three specific areas that will be instrumental in determining our nation’s economic recovery. The expediency of the COVID vaccine rollout plays a major role in a “return to normalcy”. It affects the unemployment rate, the need for additional stimulus and the survival of small businesses. From estate planning opportunities and tax saving strategies to inflation – Patti and Brad discuss the implications that all of these have on financial planning and the success of portfolio performance.
In part two of a two-part series with Liz Young, CFA and Director of Market Strategy at BNY Mellon Investment Management, Patti questions what the next 900 days look like for the markets – both nationally and globally. Liz, a frequent CNBC Contributor, shares her economic outlook and reveals some important principles investors should be considering. As the strength of the US dollar weakens, there are specific strategies that Patti and Liz discuss as paramount to portfolio success. There is also a new young class of investors that will be making an impact on the markets. Listen and learn how the political environment impacts their decisions as well as the regulations that could result. There will be shifts in leadership of companies, corporation communication and corporate spending. It’s time to pay attention and Patti explains why!
As we begin the first year in a new decade, investors and economists alike are busy with their forecasts. Patti recently had the pleasure of sitting with Liz Young, CFA and Director of Market Strategy at BNY Mellon Investment Management. Liz, a frequent CNBC Contributor, shares her economic outlook for the next 90 days both nationally and globally. In the first of two recorded episodes with Liz, Patti asks what investors should be focused on in the short-term. They identify the key trends to look for in a recovery as well as caution what industries will still struggle. This may be the episode to pay attention to if you are an investor that might have pulled back a bit in 2020 with all the uncertainty of the markets and the election.
Budgets, like diets, don’t often work! They are restrictive and not always designed to let you live your best life. Patti and her Chief Planning Officer, Eric Fuhrman, discuss some easy, less constrictive ways to save money and allocate it in a way that might help the listener reach their goals faster than ever imagined.
One of the big surprises in the last quarter of 2020 was the housing market boom! The unintended result of major metropolitan areas in lockdown and millions of Americans now working from home has been home sales that are off the charts. One of the biggest drivers in this uptick of renters leaving cities to become first-time homebuyers in the suburbs are millennials. No longer can a one-bedroom serve as both an office and a residence, and the amenities of living in a city in lockdown have long been taken away. Older generations are also seeing a unique opportunity to sell while the market is hot instead of waiting until retirement. In today’s episode, Patti sits down with the Main Line's top realtor, Lone Spillard, of Compass Realty. They discuss the trends that are now happening in the real estate market as a result of the pandemic and the opportunities for home buyers and sellers alike. Thinking of buying or selling your home? Even if you’re not, this episode may change your mind!
As 2020 begins to wind down, are we going to look back on this year as a year to remember or a year to forget? The pandemic has certainly created significant hardship and loss for so many, yet there have also been some inspiring revelations. Patti is concluding her series this year with her special guest and friend, radio host Gregg Stebben. They discuss lessons they have learned this year because of the pandemic – both professionally and personally. Listen to find out how to lock in these lessons and move forward into 2021 with renewed hope and optimism for our future – as well as our finances!
There are more millionaires in America today than ever before. At one time, becoming a millionaire may have only been attained by the highly educated or successful corporate officers – now it can be attainable by anyone with the right plan and the right tools to get them there. In today's episode, Patti sits down once again with renowned journalist and radio host, Gregg Stebben. Gregg confesses that while he has always been financially responsible in his life, he was not taking financial responsibility. But because of the pandemic shutdowns, an opportunity arose that he saw happening across America…people became more mindful where their money was going and how it was being spent. Patti shared the secrets of gaining financial freedom with some very simple tools that are available. Listen to find out how using these tools, automates your spending behavior, and when applied over time, the opportunity arises to become an automatic millionaire.
Now that the most contested Presidential election in history is almost over…now what? The markets seem to be holding steady and the housing economy is still booming. There has been much political commentary from both sides as to what is going to happen to the economy in 2021 and beyond, under a new President. Is there really much to worry about? America has a strong, supportive Federal Reserve and history proves that election outcomes rarely drive long term market and economic activity. In today’s special episode, Patti has a candid conversation with her Chief Investment Officer, Brad Everett. They put politics aside to reveal what they believe will happen in the markets as a result of this month’s election.
For the past eight months, families, as well as business owners have been problem-solving; trying to think creatively and not reactively, to the many issues that have arisen as a result of the pandemic and quarantine mandates. Corporations have relied on new technologies as never before. The medical profession has jumped head-on into telemedicine – something insurance companies have long fought. Families are faced with educational struggles for their children and have had to adapt to homeschooling. Yet, through all these problems, solutions have resulted. Once again, Patti sits down with nationally renowned radio host, Gregg Stebben, to discuss these “pandemic opportunities” as well as the effects they will have on Americans well after the Presidential election.
For the past seven months, local, state, and national governments – as well as other governments around the world – have been in crisis management mode. Decisions have been made according to the best scientific data available at the time to ensure public health and safety. Many people have been making some life-altering decisions during the quarantine as well. Decisions affecting their financial futures and well as their personal futures. Once again, Patti sits down with a nationally renowned radio host, Gregg Stebben, to discuss some life-changing decisions that clients, friends, and family are making during this pandemic. Tune in to hear the “upside” of this pandemic – does it and can it pertain to you?
The rising debt in our great country is almost $26 trillion! News noise will try and create fear in Americans because fear is a powerful motivator. Aren’t there negative implications for our families with numbers like these? The answer is simply, NO! To understand why, one also needs to understand the basics of accounting – assets and balance sheets. In today’s episode, I am continuing my conversation with my Chief Planning Officer, Eric Fuhrman. We define the relationship between the Federal Reserve and the Federal Government and offer some historical perspective with examples every listener can understand. Tune in to find out that this relationship is not as complicated as one might imagine. With the presidential debates coming in the next few weeks, this is the perfect time to learn and understand what these numbers really mean and how they affect our economic health and future.
The government deficit is at an all-time high and yet the markets remain strong. The economy is starting to bounce back after the pandemic stopped progress in its tracks for the past 6 months. So, what do the government debt numbers really mean? Are we stealing from future generations to solve today’s problems? Patti sits down with her Chief Planning Officer, Eric Fuhrman, to break down the very complicated concepts of deficit spending and the Federal Reserve into terms listeners can understand more fully. They discuss the two primary sectors in the economy – public and private and how mounting debt affects each. With the presidential debates coming in the next few weeks, this is the perfect time to learn and understand what these numbers really mean and how they affect our economic health and future.
If authorities knocked on your door and gave you only 30 minutes to evacuate – what would you take? Today's episode is a special rebroadcast of one of our most popular episodes. With wildfires raging on the west coast and a very busy hurricane season already well underway threatening the east coast, our attention once again goes to the horror of these disasters. "Life or Death Emergency Preparedness - What to Grab?" shares valuable lifesaving information that we all should be aware of.
Today's episode is the highly anticipated follow-up to THE Biggest Retirement Mistake that people make. Patti continues her conversation with one of Key Financials' Portfolio Managers, Sam Baez, and they discuss asset allocations that work best for their clients. They break down successful asset allocation strategies and explain why they are successful. Portfolio management during bear markets and bull markets require different approaches to make sure your portfolio can keep up with inflation and be protected for the rest of your life. Listen today to find out what strategies will keep your portfolio performing at its best!
The economic response to the COVID pandemic has not been the same as how the global markets are responding. In today's episode, Patti dissects the difference between the markets and the economies with her Chief Investment Officer, Brad Everett. How can it be that the S&P is just below an all-time high right now, despite the pandemic? What are the best strategies and moves to make with portfolios right now? It might not be what you think! Patti and Brad discuss the important principles that are protecting portfolios despite the pandemic, as well as identifying the one thing investors should absolutely NOT be doing right now!
Most people do not start thinking about retirement until they are in their late 40s or early 50s. That is a costly mistake! In this episode, Patti reveals one simple action done in your 20s that will amass almost $800k by retirement. She strategizes with Maddie McTigue, a Portfolio Manager at Key Financial, about the importance of certain actions done consistently after graduation from college that make all the difference in an investment portfolio by the time one is set to retire. At a time when most millennials are starting new jobs, have student loan debt, and not thinking about a retirement plan at all, Patti offers a winning strategy that is surprisingly simple to implement.
Although there are many mistakes made during retirement that are sure to derail your financial plan and the growth of your portfolio – there is ONE mistake that people continuously make as they are looking at their retirement horizon. In today’s episode, Patti sits down with Sam Baez, a portfolio manager at Key Financial and they reveal what that mistake is and the strategies that top advisors are doing on behalf of their clients, so this doesn’t happen to them.
Earlier this year, Patti was asked by Barron's to present to top industry professionals from around the world at the Barron's Australian Summit. Although this episode was recorded just before COVID – 19 shut down America and the world, the message is still relevant. In a discussion with her Chief Operating Officer, Vince Kailis, Patti is asked to reveal her key takeaways from some of the brightest minds in science and technology today. They brainstorm how these innovations can be applied to increase the financial advisory client experience today, as well as how these revolutionary ideas can change the look of retirement forever.
In this special edition series of the Covid-19 discussion entitled Covid and Courage, Patti addresses the questions plaguing parents and students all over our nation. Will colleges and universities be open for business in the Fall? Or will students be enrolled in online programs for another semester? If that is the case, will tuition costs be adjusted? Gregg Stebben, a nationally renowned radio host, author, and journalist who has interviewed Presidents, Senators and professional athletes, returns to discuss the questions that students and parents alike, might be asking right now.
In this special edition series of the Covid-19 discussion entitled Covid and Courage, Patti addresses the reality that so many in our nation are experiencing right now. What does your retirement picture look like now if you just retired – amidst a global pandemic? Gregg Stebben, a nationally renowned radio host, author, and journalist who has interviewed Presidents, Senators and professional athletes, returns to ask Patti the questions that all new retirees might be asking right now. Listen to find out Patti's answers and solutions – they might surprise you!
Dr. Quincy Krosby is not only a Chief Market Strategist for Prudential, she has also served our nation as a US diplomat, worked with the Assistant Secretary of Commerce and the US State Department. With a PhD from the London School of Economics, she is more than qualified to discuss the current economic volatility and how the global central banking systems are reacting to COVID-19. Her expertise gives unique insight to answer Patti’s questions about what is happening in our own country from supply chain disruptions to the high unemployment rate consequences that may or may not stay with us for months to come.
In today’s episode, I have a most thought-provoking conversation with Alex Dryden who is a Global Market Strategist with JP Morgan. Alex shares his expertise and insight in explaining what he believes is happening right now in the markets that will undoubtedly affect not only future market activity, but future investor and consumer behavior as well. This is a climate of global economic change and uncertainty, but there are certain strategies that financial advisors should be taking on behalf of their clients right now to help protect and grow portfolios. Listen now to make sure you are on the right path to navigate these tumultuous times!
April is Financial Literacy Month and today, perhaps more than ever, Patti is urging her listeners to be financially aware. In this podcast, she stresses the importance of teaching financial literacy to our children, starting at an early age. She is joined by fellow CFP, Mac Gardner. Mac is the author of "The Four Money Bears" and "Motivate Your Money". Mac shares his research findings teaching children and young adults about the four things that you can do with money and talks about the app that is being developed to empower our young people with greater financial awareness.
This is part two of a special edition series of the Covid – 19 Pandemic discussion with Gregg Stebben, a nationally renowned radio host, author, and journalist who has interviewed Presidents, Senators and professional athletes. In this episode, Gregg drills down his questions to Patti asking specifically if she believes our nation is headed into a Depression because of the current pandemic. Her answer and reasons for her answer may surprise you; tune in to find out why!
This is part one of a special edition series with Gregg Stebben, a nationally renowned radio host, author, and journalist who has interviewed Presidents, Senators and professional athletes. Gregg asks Patti the hard questions regarding the global pandemic the world is now facing. Covid – 19 is not just a health threat; it is turning the world economy upside down and threatening the safety of our loved ones. Patti’s professional background as an intensive care ICU nurse, coupled with being CEO of a nationally ranked wealth management firm, provides a unique perspective on the ramifications of this deadly virus.
At the release of this episode, America has entered its first bear market in over a decade. Investors all over the country are watching the market volatility and choosing their next moves very carefully – hopefully under the guidance of a seasoned financial advisor. But at the same time, life continues to go on and college seniors are set to start graduating in a month and high school seniors have their eyes set on starting their collegiate adventure in the Fall. An overarching fact over all of this is, as many of our college seniors graduate, they will be entering into the reality of paying back loans that have now totaled $1.6 TRILLION in the U.S. In part one of a two-part series, Patti sits down with Peter Sims, the President of PayForEd, a software company that specializes in developing strategies for setting up and paying back student loan debt. They discuss how the student loan crisis got to this point and what steps students and their parents should be taking now to minimize their risk.
As of the taping of this episode, the market is down 17% and the Coronavirus has put a scare into almost everyone! What will the impact of a 20% drop in oil prices have on world economies? Patti addresses these very hot topics with her Chief Investment Officer, Brad Everett. They discuss the cause and effect of this week’s market reaction and how investors should be making decisions on their portfolios. History will reveal some answers, but investors will still need to take a hard look at some opportunities that are now arising. Patti and Brad explain what those are and what the proper course of action should be.
There is a new bill that has been proposed by our nation’s lawmakers that could possibly create the social security reform that Americans have been waiting for. Patti dissects the pros and cons of this bill with her Chief Planning Officer, Eric Fuhrman. They identify the unique tax optimization strategies that all Americans can benefit from, as well as explaining the nuances of the bill that need to be understood for specific age demographics. Don’t miss this opportunity to learn how to save money on taxes or earn more in benefits received, if this bill is passed!
Sterling Shea, Global Head of Wealth Management for Barron's and Dow Jones, continues his discussion with Patti regarding the industry trends he is seeing. What differentiates the nation’s Top Advisors from others? What is the client experience that is to be expected in today’s market? Is the economy heading towards the bear market everyone seems to be talking about and if so, how does he see Top Advisors navigating these waters for their clients? In part two of the two-part series, Patti and Sterling break down the industry trends that he is seeing and what investors should be looking for in 2020.
With another year under our belt and a new decade beginning, Patti sits with her Chief Investment Officer, Brad Everett, CFA and reviews some of the key market events from 2019 as they look forward to 2020. What should investors be most concerned about and are we headed for a market downturn? Are other global economies leading indicators in what can happen here in the US? Patti and Brad break it all down in their forecast for the new decade!
Patti welcomes Estate Planning Attorney, Bob Cohen, a partner with Riley Riper Hollin & Colagreco to discuss his best recommendations for clients looking for estate planning assistance. Bob will explain which documents are key in protecting your assets for your loved ones – whether you have millions of dollars or not! Listen now to learn about the benefits of living in Pennsylvania and working with professionals that understand the state and federal tax liabilities involved in estate planning.
Sterling Shea, Global Head of Wealth Management for Barron's, sits down with Patti to discuss the industry trends he is seeing at Barron's and Dow Jones. In his 22 years at Dow Jones, he has seen the financial advisory industry evolve and he reveals what he believes to be the most impactful practices that the top-ranked advisors are doing on behalf of their clients. Patti and Sterling also discuss how these advisors are ranked by Barron's and the importance of the rankings lists for the investor.
In the last of a three-part series, Patti concludes her discussion with MIT AgeLab Director, Dr. Joseph Coughlin, PhD. As the author of The Longevity Economy, he describes in detail how the last 8000 days of a person's life can be designed to be lived at it’s absolute best, through a myriad of "longevity resources" that are available. Listen now to find out how to collaborate with trusted professionals to curate the retirement you want for yourself and those you care for.
In the second of a three-part series, Patti continues her discussion with MIT AgeLab Director, Dr. Joseph Coughlin, PhD. The face of retirement is rapidly changing due to people living much longer than ever before. It is no longer unusual for people to be living 30 years after their official retirement date, so how are people filling their last 8000 days? Most are starting 2nd or 3rd careers and will actually have multiple retirements! This is not the only startling realization…listen to learn what else will cause ripple effects in generations to come!
In the first of a three-part series, Patti welcomes Dr. Joseph Coughlin, PhD of the MIT AgeLab to discuss what the new face of retirement planning in 2020 looks like. Dr. Coughlin shares the deadly dangers of social isolation and why the last 8000 days of life during retirement is often difficult to navigate. "You don’t try it on, you don’t taste it or take it for a test drive". Patti reveals how she, as a trusted advisor, collaborates with her clients to successfully plan their retirement through longevity planning.
With just two weeks left in Medicare Open Enrollment, Patti continues her discussion with the nation’s leading expert on Medicare and health related costs, Dan McGrath. Together they strategize the best options given a subscriber’s age and income. Real tax optimization and cost saving solutions are offered that can be implemented now before it’s too late! This is the 2nd episode in a 3-part series in which Patti delves into the confusing nuances of the Medicare Program to provide clarity and timely solutions.
Medicare open enrollment ends December 7, 2019. Patti discusses the pros and cons of each Medicare Plan option with Dan McGrath – one of the nation’s leading experts regarding health-related costs and Medicare. They discuss which plans are the best and which to avoid, but most importantly, the best time to enroll for the best cost savings. This episode is the first of a 3-part series that offers critical information not to be missed!
In the last episode in our trilogy of Leadership episodes, Patti continues her conversation with Mike Buckley, retired CEO of Pennsylvania Hospital. The two discuss how effective leaders manage conflict within their teams – how trust is built, credibility is established and ultimately how conflict is resolved. No matter how large or how small your organization is, problems will arise that need resolution…learn how to "be soft on the people, but hard on the problem" and see how swiftly the situation is remedied.
In Part 2 of our 3 Part special series on leadership, Patti sits with retired US Army Ranger, Captain Kristopher Thompson. Kristopher describes the differing leadership styles within today’s military. He details what worked, what didn’t and the qualities it takes to successfully lead with integrity – both within military ranks, as well as civilian life.
How does an infectious disease physician in a private practice become the CEO of one of the biggest hospitals in Philadelphia? Patti discusses the qualities and personality attributes one must possess to successfully rise to leadership positions, with Mike Buckley – the recently retired CEO of Pennsylvania Hospital. Mike rose from infectious disease specialist to Chief Medical Officer and Chairman of Medicine and then ultimately navigated the mergers of two of the nations' oldest hospital systems. Listen to find out what he traits he thinks all successful leaders possess and see if you have the art of strategic persuasion!
One in every two Americans, over age 85 has Alzheimer’s. What are the warning signs family members should be looking for? What progress has scientific research made and is there hope for a cure? Patti sits with Tim King, Chairperson for Corporate Sponsorship for the Alzheimer’s Association, to hear the latest on any medical advancements, and discusses the seven stages of this devasting disease.
If authorities knocked on your door and gave you only 30 minutes to evacuate – what would you take? In the aftermath of Hurricane Dorian, Patti Brennan surveys four of her team members to discuss what they would grab for their families. Find out what an Army Ranger would take compared to another team member may think is vital. Patti rounds out the discussion reminding listeners what should be a priority on their "financial grab n' go".
Everybody is talking about it…but do you even know what an inverted yield curve is? What is all the panic about? In this very timely episode, Patti and Michael Brennan break down this hot topic of inverted yield curves into simple, understandable terms. They offer actionable steps that you should be taking with your portfolio to benefit from this market opportunity that happened last week!
There is a certain amount of risk inherent in most every action. What does a savvy investor or advisor look for in reducing portfolio risk? Patti Brennan and her Chief Investment Officer, Brad Everett, reveal three specific examples of what they look for in choosing investments for their clients’ portfolios. Learn how they minimize portfolio risk while still positioning the portfolio so the client can accomplish their goals.
Just because you have a will tucked away in a drawer somewhere doesn’t mean you and your loved ones are protected in case of tragedy. In this episode, Patti sits with Stacey Willits McConnell, Chair of the Estate Planning Department at Lamb, McErlane in West Chester. They reveal the most common mistakes people make when drafting their wills and remind listeners about the other equally important documents that need to be drafted along with a will.
Did you know that there is a cybersecurity attack every 39 seconds? Since 2013, there are almost 4 million records stolen from security breaches every single day! In this episode Patti speaks with Vince Kailis, Chief Operating Officer at Key Financial, and listens as he reveals more shocking statistics. They discuss how these breaches happen and, more importantly, what the listener can do to protect themselves from falling victim to these scams.
Have you done your due diligence to sell your business and get the maximum value? In part two of the series, Patti discusses specific strategies with Matt Coyne, President of Brandywine Mergers and Acquisitions. As a business broker, Matt reveals exactly what a successful sale process looks like for the business owner. There is a system with actionable strategies and defined pitfalls to avoid that will make the sale process a true success – listen now to find out!
How often have you thought about selling your business? There are specific strategies you need to know to set your business up to get the maximum value. In part one of a two-part series, Patti sits with Matt Coyne, President of Brandywine Mergers and Acquisitions, as he reveals what business owners should be thinking about and acting on right now to make their business as attractive as possible to potential buyers. Whether that time is now or five years from now, these strategies need to be put in place now to maximize the value later!
Ever wonder what the top advisors in the nation discuss in their meetings? Are the tariffs on China going to harm the average American consumer? Patti and her Chief Investment Officer, Brad Everett, return from Barron’s and Wall Street Journal’s Top Advisor conferences and share insights gleaned from these investment professionals. Listen to what is discussed at these exclusive events and what actionable steps they are suggesting.
When is the "right" time to have the difficult conversation with Mom and Dad about driving, or moving, or any other important decision as they age? Patti asks the hard questions to an expert in the field, Estate Planning Attorney, Stacey McConnell, and the answers may not only surprise you, but may also help you navigate the complexities of aging parents and the decisions you need to make on their behalf.
The last episode of the 3-part series, Patti circles back with John Diehl of the Hartford Funds. They delve into the latest research that the MIT AgeLab is conducting regarding the advancement of technologies to improve the quality of life as we age. They discuss the 5 specific ways technology will change the way we age, and how they are connected to the three major issues that will inevitably affect us all.
In this second episode of the 3-part series, Patti is once again joined by John Diehl of the Hartford Funds to discuss MIT AgeLabs' study that divides life into 4 segments of 8000 days each. Each segment is significant in the study of longevity. At what age do we peak intellectually? When do we peak at life satisfaction? Research shows that there are 3 questions that will predict your future quality of life… what do your answers predict?
John Diehl, Senior Vice President of Strategic Markets for the Hartford Funds joins Patti to discuss his work with the MIT AgeLab. In this first part of a 3-part series, John reveals the top 3 questions anyone age 45 and older should be asking themselves on a regular basis. The questions will surprise you as you hear about the technological advancements MIT is working on to help answer them and allow seniors to age in place.
Insurance can be complicated – how much is enough? Could you lose all your assets in the event of an unforeseen tragedy? Patti asks the hard questions with insurance expert, Neale Boyle, to help determine what constitutes negligence and how to protect ourselves with insurance. They give practical tips to make sure you are properly insured, and ALL your assets are safe!
If you are considering enrolling in the ACA, find out how you can structure your income to take advantage of cost-saving programs and tax saving strategies. Patti and her Chief Planning Officer discuss how assets have no impact on eligibility to get a premium tax credit under the ACA – a little known fact!
Patti strategizes with one of the Philadelphia area top CPAs, Bruce Boylston of Rothman, Boylston LLC. Together they break down nuances in the New Tax Law to share with their listeners how to save money when filing their corporate tax returns. Business owners will appreciate how easily these actionable steps can benefit them both this year and in years to come.
Patti sits down with one of the top CPAs in the county, Bruce Boylston, to discuss key tax planning strategies designed to save their clients' money when filing their individual returns. Patti and Bruce break down the complexities of the New Tax Law into easily comprehensible tips and strategies – just in time for the filing deadline! You do NOT want to miss this episode!
After presenting at the Forbes Top Advisor Summit in Las Vegas last week, Patti shares some highlights of what she learned from the nation’s thought leaders. Top economists discuss why the Federal Reserve will most likely not increase interest rates this year and Patti also tells a thought-provoking story she learned about Pope John Paul II regarding capitalism.
In this episode, Patti and her Chief Planning Officer, Eric Fuhrman discuss the economic realities that determine how quickly or slowly portfolios will recover from this last market crisis. Patti will leave the listener with three actionable steps to implement during a market drawdown period to help aid in quicker portfolio recovery. These concrete steps provide a sound foundational reminder to help weather any market crisis.
In this episode, Patti shares the story of a family medical emergency that, by sheer luck, did not end in crisis…or worse. Crisis can happen at some point anyone's life. Patti will offer actionable steps to make sure that if it does happen, it will not cause financial ruin and more importantly, she offers specific examples of what to do to avoid these potential financial landmines altogether.
Is America headed for a recession or is this economic expansion part of the typical business cycle? Patti explains what is really happening and what to look for in 2019. Her Chief Investment Officer, Brad Everett, joins her and explains what YOU, the investor should be doing with your portfolio as they both navigate the world markets and how it will be affecting our investment decisions this year.
In this episode, Patti and Michael Brennan discuss how to differentiate the “noise” from the “substance” in today’s headlines. We are living in an era of information overload and newspaper headlines are designed to inspire reaction. Patti and Michael share some alarming headlines that are aimed at inspiring action, while explaining why reacting to them, is the last thing a listener or a reader should be doing!
In this episode, Patti Brennan and Brad Everett discuss the pros and cons of robo-advising and using online financial calculators. There are many pros and cons to using these online tools – so why and maybe more importantly, when, is it the right time to seek out a professional? Patti and Brad use their years of experience, combined with real life examples, to help answer these questions.
In this episode Patti Brennan and Eric Fuhrman discuss what it means to Invest with Emotion. Great real world examples of why you shouldn't let emotion get in the way of good decision making. Plus a head to head battle between Patti and Eric to help you, the investor to truly understand what it means to invest with emotion.