Before you start working with a financial planner, it is important to understand the different values and beliefs they hold around money. Sharing a common set of principals can be critical to a successful relationship. In this episode I talk through 7 financial planning principals that I hold and believe in.

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com

➡️ Join 100+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

Your financial advisor should be someone you can turn to with questions about your entire financial life, not just your investments. In this episode, I walk through the questions you should be asking your advisor, especially if you're within 5–10 years of retirement.

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 100+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

Your taxable brokerage account has a unique opportunity for tax planning. At the death of the account owner, depending on how the account is titled, the beneficiaries may receive a "Step Up" in basis. This means the unrealized gain in the account can be essentially erased & if those shares are sold, the taxes owed can be $0. This episode walks through how the "Step Up" in basis works.

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This is a hypothetical situation based on real life examples. Names and circumstances have been changed.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

Your investment statement is great to look at to see how your investments have done, but it does not tell you the entire picture of your retirement. Your investment statement lacks the necessary details that can affect your retirement. This episode I talk through the multitude of decisions and questions that your investment statement does not answer.

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This is a hypothetical situation based on real life examples. Names and circumstances have been changed.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

In this episode I talk about something called "Sequence of Returns Risk". What happens if your portfolio falls in your first year of retirement? What happens if the market has consecutive negative years early in your retirement or right before you retire? How do you plan for that scenario? How can you build your financial plan so you are prepared for a unfavorable sequence of returns early in retirement?

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This is a hypothetical situation based on real life examples. Names and circumstances have been changed.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

In this episode I talk about the hidden tax cost of mutual funds when held inside of a taxable account. I want to make it clear that I am not stating mutual funds are bad. I hold them for clients, along with ETFs. However, I wanted to talk about the hidden tax cost of mutual funds when held inside of a taxable account via capital gains distributions.

The purpose of sharing this information is to help keep you informed as an investor and understand the total cost of holding different types of investments in different types of accounts.

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This is a hypothetical situation based on real life examples. Names and circumstances have been changed.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

In this episode, Kolin talks all things Medicare.

• What Medicare is
• How Medicare Works
• When to Claim Medicare
• The Different Parts of Medicare
• What is IRMAA and How Does It Work
• What Are Some Mistakes I See People Make

Here are a few resources with Medicare & IRMAA:

• https://www.medicare.gov/
• https://www.medicare.gov/publications/11579-medicare-costs.pdf

As you approach 65, it can be a great idea to sit down with a Medicare Specialist to make sure you are making an informed decision that best fits YOUR financial plan.

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This is a hypothetical situation based on real life examples. Names and circumstances have been changed.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

In this episode I walk through what it is like to start working with me as a client. I talk through an example of John and Sarah, and the things that I found/helped guide them through as we started working together. Financial planning encompasses your entire financial life, rather than just solely focusing on investments. While John and Sarah had more to work on, this episode is just an example of the type of work I do with my clients.

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This is a hypothetical situation based on real life examples. Names and circumstances have been changed.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value