Gregory McGauley’s Post

Here is the link to the pod cast where financial and retirement expert, Jeff Gill, of Prak Mutual LLC, The American College of Financial Services, interviews about my thoughts on early and regular retirement. https://lnkd.in/dnJMnuj4

🐎 Happy 150th Kentucky Derby Day! 🎉 As we gear up for the thrill of the Kentucky Derby tomorrow, it’s a great opportunity to draw a fun parallel between this iconic race and our approach to financial planning. Why You Shouldn’t Gamble with Your Financial Future: Watching the Derby, we’re all reminded how exhilarating it is to pick winners based on the odds. But when it comes to securing your future, relying on luck isn't the strategy I'd recommend. Just as the most successful bettors at the Derby do their homework, effective financial planning requires insight and careful strategy. Think of me as your financial jockey, guiding you through the complexities of investing with the same diligence and expertise that trainers prepare their champion horses. Together, we’ll find the right investments—no long shots necessary! There is even a strategy I’m aware of that allows you to weigh your choice of 3 equity indices AFTER their relative performance is known, assuming you’re willing to invest longer-term with a commitment of 6 years or longer. Feel free to call me if you’d like to learn more about that. 🏇 Ready to take the reins on your financial future without leaving it to chance? Let’s chat and make sure your retirement plan is set for a photo finish. #KentuckyDerby150 #SmartInvesting #FinancialGoals #AllgoodFinancial

🐎 Happy 150th Kentucky Derby Day! 🎉 As we gear up for the thrill of the Kentucky Derby tomorrow, it’s a great opportunity to draw a fun parallel between this iconic race and our approach to financial planning. Why You Shouldn’t Gamble with Your Financial Future: Watching the Derby, we’re all reminded how exhilarating it is to pick winners based on the odds. But when it comes to securing your future, relying on luck isn't the strategy I'd recommend. Just as the most successful bettors at the Derby do their homework, effective financial planning requires insight and careful strategy. Think of me as your financial jockey, guiding you through the complexities of investing with the same diligence and expertise that trainers prepare their champion horses. Together, we’ll find the right investments—no long shots necessary! There is even a strategy I’m aware of that allows you to weigh your choice of 3 equity indices AFTER their relative performance is known, assuming you’re willing to invest longer-term with a commitment of 6 years or longer. Feel free to call me if you’d like to learn more about that. 🏇 Ready to take the reins on your financial future without leaving it to chance? Let’s chat and make sure your retirement plan is set for a photo finish. #KentuckyDerby150 #SmartInvesting #FinancialGoals #AllgoodFinancial

Most personal pensions set a minimum age at which you can start withdrawing money, typically not before age 55. Some pension benefits can be taken tax-free. Generally, you can withdraw 25% of your pension pot as a tax-free lump sum, with a maximum of £268,275. If you have protected allowances, the amount you can take tax-free, as well as your overall tax-free limit, may be higher. #PensionFunds #PensionWithdrawals

As we embark on Sweet 16 and Elite 8 weekend, I found this amazing article pertaining to March Madness and investing! 🏀📈 David Booth, Founder and Chairman of Dimensional Fund Advisors, states "In both basketball and markets, we don’t know who is going to win, but we know someone is going to win—and that win will carry us all forward in some way. What I’m interested in is seeing all these talented, dedicated people deal with uncertainty. How do they come together to solve problems? What works and what doesn’t? What do they learn in the process? Only one team can win each game, but every single member of both teams is doing the absolute best they can do. And that’s my definition of winning—in basketball, investing, and the rest of life, too." Having played team sports my entire life, I have always thought of sports as a microcosm for so many aspects of life. Sports, investing, and life aren't about whether you and your team win. It's about the journey and putting your best foot forward with friends, colleagues, business associates, and maybe most importantly, family members to achieve a common goal in this unpredictable game we call life. For the rest of the article, see the comments below. Enjoy the games this weekend!

March Madness has arrived, and I finished my bracket this morning just in time for the first game to start later today. Financial Planning is NOT like a bracket challenge. Often you have multiple goals all competing equally, and the point is not to have one winner, but to find a way to achieve progress towards them all. In that sense, financial planning is more like the consistent teams always at the top, following a proven process to be in the tournament year after year. On the other hand, choosing the right advisor IS like a bracket challenge. Some teams may do well initially in the tournament with one or two star players or advantages, but the strongest teams that go the farthest have well-rounded players with multiple advantages and a deep bench. Just like picking a winning tournament team, it’s important to ask the following questions when choosing an advisor: 1. Are they a fiduciary, acting in your best interest at all times? 2. What credentials do they have? (Look for the CFP(r) designation, the gold standard among financial planners.) 3. Do they have any areas of specialty? 4. What resources and support are offered? Partnering with the right advisor will take you far. If you have questions about where you stand towards reaching your goals, I’d be happy to chat. P.S. My Alma Mater won the ladies basketball state championship this year, and we’re still celebrating! 🎉 🖤💛 Oh, and I picked UConn to win the NCAA tournament for anyone that might be wondering. 😁🏀 #marchmadness #financialplanning #cfp

It is always the details that truly matter.

This is one of my first articles of its kind. You wouldn't usually put financial advice and basketball together.. I had a really interesting chat with Five Wealth Ltd Chartered financial planner and semi-professional basketball player Tyme Regent-Bascombe about what it's like having two very different careers. He's been playing basketball since the age of ten, and joined financial services not that long ago. Read more on Professional Adviser!

I̳’̳m̳ ̳a̳ ̳R̳e̳t̳i̳r̳e̳d̳ ̳B̳o̳o̳m̳e̳r̳:̳ ̳7̳ ̳R̳e̳a̳s̳o̳n̳s̳ ̳I̳ ̳W̳i̳s̳h̳ ̳I̳ ̳U̳s̳e̳d̳ ̳a̳ ̳F̳i̳n̳a̳n̳c̳i̳a̳l̳ ̳A̳d̳v̳i̳s̳o̳r̳ ̳T̳o̳ ̳P̳l̳a̳n̳ ̳F̳o̳r̳ ̳R̳e̳t̳i̳r̳e̳m̳e̳n̳t̳ ̳(̳y̳a̳h̳o̳o̳.̳c̳o̳m̳)̳ Reading this article, highlights the importance of getting professional financial advice, especially as we plan for retirement. Here are the key lessons learned: 🔹 Plan for Longevity: Retirement can last longer than expected. A good financial advisor could help ensure your money grows with you. 🔹Prepare for Healthcare Costs: Medical insurance doesn’t cover everything. Planning for unexpected health expenses is crucial. 🔹Understand Taxes: Taxes don’t go away in retirement. Proper planning can help minimize the impact on your income. 🔹Diversify Your Investments: Putting all your eggs in one basket isn’t wise. Diversification can help grow and protect your nest egg. 🔹Factor in Inflation: Inflation can erode purchasing power. Planning for it is essential to maintain your lifestyle in retirement. 🔹Stay Updated on Investment Opportunities: The investment landscape is always changing. A good financial advisor can help you stay on top of new opportunities. This story is a reminder that it’s never too early to seek expert advice. A well-rounded financial plan can help avoid these common pitfalls and ensure a more secure and comfortable retirement. #RetirementPlanning #FinancialAdvice #Investing #WealthManagement #FinancialFreedom #RetirementGoals #spwenture #wegroup #fire

Today, we focus on retirement, but not how we usually think about it. Often, we focus on the financial aspect of retirement but not the emotional and mental side of the equation. Introducing Wendy Leggett, PCC of Conflux Retirement Coaching! Tune in to this fantastic episode and learn how to prepare for retirement! https://lnkd.in/gz8D2B3v