Need to speak to a financial advisor, visit www.oakmontadvisory.com.[2:56] - How over confidence can lead to us astray (and, the start of a long Ryan story)[6:30] - Now, David reflects on a skateboarding incident[9:10] - We don't want to look, or feel stupid, about our finances[11:53] - Attention bias[16:01] - Active vs. Passive investingAfter the Show-Show[23:05] - The After the Show-Show beginsBook recommendation:Daniel Crosby's book, "The Intelligent Investor" - https://www.amazon.com/gp/product/B07HH99WH8/ref=dbs_a_def_rwt_bibl_vppi_i1Prospect Theory -https://www.investopedia.com/terms/p/prospecttheory.asp

Financial Jargon

The Ego (Part 2)

Need to speak to a financial advisor, visit www.oakmontadvisory.com.What comes to your mind when you think of the work "ego"?  [6:05] - What egos (not eggos) are[7:15] - Confirmation bias discussion[10:15] - How confirmation bias can lead you down the path you WANT to go on, and not the path you NEED to go on[14:10] - We tend to like what's available, or what we currently own...until there's a new, bright shiny option that comes available[15:45] - Ryan uses the word "undress" and "budget" in the same sentance[20:15] - Set the ego and pride to the sideAfter the Show-Show[25:12] - The After the Show-Show beginsBook recommendation:Daniel Crosby's book, "The Intellegent Investor" - https://www.amazon.com/gp/product/B07HH99WH8/ref=dbs_a_def_rwt_bibl_vppi_i1   

Ego (Part 1)

Whether you’re raising a young child, sending your kid off to college, or watching your kids raise the next generation, kids cost a lot in America. There’s no getting around that.And money is just one way you’re spending on your kids. In fact, research shows that parents aren’t just spending more money on children these days—they’re also spending more time and energy on their kids than ever before.Why?Because parents and grandparents want to give the kids in their family the best possible life.Often, that means doing more than just housing, feeding, and educating kids. It can mean taking them to ball games and concerts, paying for special lessons, throwing memorable birthday parties, taking vacations, and more. These activities and experiences you enjoy with your children can create lifelong memories you can never put a price tag on.Of course, all of that does come with some up-front costs. But I think most parents would agree that the costs are worth it.Budgeting Tools:www.mint.com Nerd Wallet - 7 Best Budeting ToolsFinancial Planning Help:www.oakmontadvisory.com

The Cost of Raising Kids

Que the music...for those that don't know the B.I.G.  Here's a slice -  New York  Federal Reserve's Survey of Consumer Expectations - https://www.newyorkfed.org/microeconomics/sceFinancial Time's Six Financial Personality Types - https://www.ft.com/content/5e8da24c-bb09-11e6-8b45-b8b81dd5d080  

Financial Anxiety

Yikes! Scrolling through Facebook the other day, we counted 18 fear-based ads targeted to investors mainly trying to sell a product.As you're seeking guidance with your financial planning and investments, be sure you do your homework and due diligence  before you jump into the sales pitch.  Understanding who are speaking with is a critical first step.  Don't be afraid to ask questions...here a few that you should consider asking (don't be afraid!).Are you a fiduciary? What types of clients do you work with?Do you create financial plans or just offer product?How often would we meet to review goals?How do you get compensated?What planning tools do you have available for me to use?Can I review your ADV-Brochure?Are you an independent advisor (owner) or an employee of a financial firm?Interested to see what our process looks like?  Check out www.oakmontadvisory.com/blueprint

Fear-based Financial Planning

In this episode of Financial Jargon, David and Ryan share stories how they their interactions have been with clients during unsettling times and how relationships that are built on mutual trust, tend to lead to a more prosperous relationship. If you’re wanting to begin a relationship with an advisor, visit www.oakmontadvisory.com today.

Client-Advisor Relationships

Get a Financial Plan  and have a conversation with a Real Financial Advisor - https://oakmontadvisory.com/blueprint/ How much Stimulus will you get?  Check out the calculator here - https://www.cnbc.com/2020/03/27/the-stimulus-payment-calculator-tells-you-how-much-money-you-could-get.htmlForbes: Your Guide to the Federal Stimulus Package  - https://www.forbes.com/sites/advisor/2020/03/27/your-guide-to-the-federal-stimulus-package/#4976140c2711Fidelity: 9 Things you need to know about the COVID-19 stimulus bill -  https://www.fidelity.com/learning-center/personal-finance/coronavirus-stimulus-package

COVID-19 Stimulus

Listen to Past Episodes of Financial Jargon:Financialjargon.comStart your conversation with a Real Financial Advisor today:Oakmont Call to talk to a Real Advisor - Free 30-Minute Chat:https://calendly.com/david-oakmonteast/30?month=2020-03

Bear Markets: They're so cute. But, oh so annoying.

Listen to Past Episodes of Financial Jargon:Financialjargon.comStart your conversation with a Real Financial Advisor today:Oakmont Resources:https://www.irs.gov/publications/p969Invsestopedia - This Vehicle May Be Better Than 401khttps://www.fidelity.com/viewpoints/personal-finance/hsa-healthy-habitsBegin creating your personalized Retirement Plan - click here

HSA's: Not Your Mother's FSA (also, a Triple Tax Threat)

Discover Your Risk Number:Take the quiz (5 minutes)Listen to Past Episodes of Financial Jargon:Financialjargon.comAdditional Resources:Carl Richards - Behavior Gap https://behaviorgap.com/Why Standard Deviation Matters When Retirement Planning (Oakmont)Retirement Date Risk – The Impact Of Sequence Of Returns Risk On Those Still Accumulating For Retirement (Kitces.com)

Risk: Can't Live With It, Can't Live Without It

In this episode, we share the critical areas of a successful retirement plan. The "After the Show" show starts at 24:33. This week, we discuss maneuvers that could reduce your taxes in retirement.Ready to start a real conversation with a real advisor? Click here to learn more.Listen to Past Episodes of Financial Jargon:Financialjargon.comOakmont Advisory Group:Oakmontadvisory.comOakmont Blueprint Process (PDF Download)Online Budgeting ToolsMint.comTiller MoneyAdditional Resources and Sourced Material:Financial Building Blocks  (Financial Planning Worksheet)Risk Assessment3 Pillars of Successful Retirement Plans (PDF Download)

Pillars of Successful Retirement Plans

Passive investing is a hands-off approach to money management. Find out what type of investor is best suited for this strategy and if it's really better than an actively managed portfolio.The "After the Show" show starts at 24:57. This week, we talk about different types of accounts and whether they should be managed passively or actively.Ready to start a real conversation with a real advisor? Click here to learn more.Listen to Past Episodes of Financial Jargon:Financialjargon.comOakmont Advisory Group:Oakmontadvisory.comOakmont Blueprint Process (PDF Download)Additional Resources and Sourced Material:5 Silly Things About Passive Investing Nobody Talks About (Forbes)Passive US Equity Funds Eclipse Active in Epic Industry Shift (Bloomberg)Active vs Passive Investing (Investopedia)Passive Investing Stock Market Bubble ETFs (Fortune)Why Warren Buffet Says Index Funds are the Best Investment (CNBC) 

Passive Investing: A Strategy for the Long-Term Investor

ESG stands for environmental, social and governance. This trend is taking the financial world by storm. In this episode, we share what you need to know about ESG Investing, its impact on the markets, and how you can get involved.The "After the Show" show starts at 24:32.Listen to Past Episodes of Financial Jargon:Financialjargon.comOakmont Advisory Group:Oakmontadvisory.comOakmont Blueprint Process (PDF Download)Additional Resources and Sourced Material:What is ESG Investing? (ADEC Innovations)What is ESG Investing? (Motley Fool)Environmental, Social, and Governance Issues in Investing: A Guide for Investment Professionals (CFA Institute, PDF)3 Things I Learned By Paying a $70,000 Minimum Wage (Gravity Payments)Interested in starting a Real conversation with a Real advisor? Click here to learn more.

ESG Investing: How This Trend Impacts the Markets and Your Personal Investments

Additional Resources:Tax-Deferred vs. Tax-Free Accounts (Infographic)5 Jaw-Dropping Stats About Americans' Retirement Savings (The Motley Fool)Frequently Asked Questions About Individual Retirement Accounts (IRAs) (ICI)New IRS Data Shows Most IRA Contributions Were Made by Middle-Class Taxpayers (Tax Foundation)How to Convert Your Fidelity Traditional IRA to a Roth IRA (Fidelity)How To Do A Backdoor Roth IRA (Safely) And Avoid The IRA Aggregation Rule And Step Transaction Doctrine (Kitces.com)Oakmont Advisory Group:Oakmontadvisory.comOakmont Blueprint Process (PDF Download)Interested in starting a Real conversation with a Real advisor? Click here to learn more.

Roth IRA: Start Building Tax-Free Savings

Discover Your Risk Number:Take the quiz (5 minutes)Listen to Past Episodes of Financial Jargon:Financialjargon.comAdditional Resources:Why Standard Deviation Matters When Retirement Planning (Oakmont)10 Best High-Yield Online Savings Accounts of January 2020 (NerdWallet)Risk Tolerance Calculator (CalcXML)Vanguard Investor Questionnaire (Vanguard)Volatility Drag And Its Impact On (Arithmetic) Investment Returns In Monte Carlo Analysis (Kitces.com)Retirement Date Risk – The Impact Of Sequence Of Returns Risk On Those Still Accumulating For Retirement (Kitces.com)Oakmont Advisory Group:Oakmontadvisory.comOakmont Blueprint Process (PDF Download)Interested in starting a Real conversation with a Real advisor? Click here to learn more.

Risk Tolerance: Why Understanding Your Risk Is Critical to Your Investment Decisions

Welcome to Financial Jargon, where we aim to break down the wall between you and your financial advisor. Too many advisors speak over their clients' heads by using intelligent-sounding jargon that doesn't truly help. It's time for real conversions that lead to real change. We're here to simplify the financial world and help you become a smarter investor.

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Financial Jargon

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