Tag: Financial Advisor

FEATURE
The Role Your Financial Advisor Plays in Managing Your Wealth (Ep. 17)

The Role Your Financial Advisor Plays in Managing Your Wealth (Ep. 17)

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Considering getting a financial advisor but don’t know if it’s worth it? 

We feel like we’re family here at RVA Wealth, and when a client comes in, we become a part of their family too, and that’s a very important aspect of being an effective wealth manager.

This week on Unleash Your Retirement, David Koren and Michael P. Smith, CFP®, discuss financial advisors’ important role in wealth management. They explore the importance of establishing a strong, long-term relationship with clients, and discuss complex issues such as estate planning and assisted living. They emphasize proactive planning to help avoid probate, the benefits of comprehensive financial planning, and the importance of working with a fiduciary consultant to help clients and their families manage their wealth.

David and Michael discuss: 

  • The role of financial advisors in wealth management
  • How financial advisors become an extension of their client’s families
  • What probate is and how proactive financial planning could help you avoid it
  • Their personal anecdotes and experiences in financial planning
  • And more

Resources:

Connect with David Koren: 

Connect with Michael P. Smith:

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Retirement Investing 101 with Michael P. Smith (Ep. 9)

Retirement Investing 101 with Michael P. Smith (Ep. 9)

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Stressed about planning for your retirement? 

You’re not alone.

Join host David Koren and his fellow colleague Michael P. Smith as they share actionable investment and retirement strategies designed to ease your anxieties. Together they break down investing options, how to navigate your time horizon, and the importance of different revenue streams.

Throughout the episode, David and Michael cover:

  • Why having a clear vision for your retirement is a necessity
  • How you can best maximize your 401(k) for your retirement
  • The pros and cons of loaning versus owning 
  • How to measure your risk tolerance against your risk capacity
  • And more!

Resources:

Connect with David Koren: 

Connect with Michael P. Smith:

About Our Guest: 

Michael P. Smith is a Certified Financial Planner with over 20 years of experience and a Portfolio Manager at RVA Wealth Management. Starting his career on the Boston Stock Exchange, Mike is a professional in turning retirement worries into well-laid plans. He’s not just a financial guide but a guardian of your future, adhering to the highest ethical standards. With RVA Wealth Management, Mike is all about active communication and customized investment strategies. Off the clock, he’s a family man and community leader, deeply rooted in sports and local organizations. 

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How Much Money Do I Need To Have To Retire? (Ep. 5)

How Much Money Do I Need To Have To Retire? (Ep. 5)

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Is there a way to know if you’ve saved enough money to retire? 

Very few people actually do the work to figure out if they will have enough money, and then when it comes time to say goodbye to the 9 to 5, they find out that they don’t have enough, and panic ensues.

Let’s make sure you are prepared to retire comfortably!

In this episode, David Koren, MBA, ChFC®, CLU® talks about how to calculate the money you need to retire, the necessary steps of figuring out how much you currently spend, setting a realistic date for your retirement, and estimating potential expenses combined with inflation.

David discusses: 

  • Why you may not spend as much money in retirement as you do now
  • How to adjust your estimated “expense number” for retirement and inflation
  • The different income sources you can use to supplement your retirement savings
  • And more

Resources:

Connect with David Koren: 

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The Value of a Fiduciary with Caleb Vaughan, CFP® (Ep.2)

The Value of a Fiduciary with Caleb Vaughan, CFP® (Ep.2)

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How can you be sure your financial advisor will keep your best interests in mind when planning your financial future?

In this episode, David Koren is joined by his RVA Wealth Management colleague, Caleb Vaughan, CFP® to discuss their firm’s planning process and how they help clients build their portfolios. Listen in as they highlight the value of a fiduciary advisor, and how to best find the right advisor for you.

Caleb and David discuss: 

  • Why you should interview your advisor (Remember: YOU are hiring THEM!)
  • How to tell if an advisor is right for you and your needs
  • The value a fiduciary brings to your life and financial future
  • Unique strategies that RVA implements to support their client’s financial plans
  • The dangers of “just figuring it out” on your own–why financial advisors are an investment in themselves
  • And more

Resources:

Connect with David Koren: 

Connect with Caleb Vaughan, CFP®:

About Caleb Vaughan, CFP®:

Caleb Vaughan is an experienced financial planner at RVA Wealth Management focused on addressing the needs and concerns of families and individuals. David Koren said “Caleb has “really taken our firm to another level.” 

Caleb earned his Bachelor of Science (B.S.), Finance, and CFA & CFP® Tracks from Virginia Tech’s Pamplin College of Business in 2013 making him one of the younger advisors at RVA!

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