The Signature Life Show

"A heightened sense of expectations creates a stressful holiday experience. We work so hard to make the holidays 'happy' for our families by making the perfect dinner, buying the best presents, or having the best decor. These heightened expectations are often the greatest source of our stress." - Dr. Kahn.Dr. Kahn says that managing our expectations around the holidays and being willing to accept what happens will help us to have a more peaceful experience - not only during the holidays but in the rest of our lives. Focus on ways to make things good and find the positive. Use any unmet expectation to create an opportunity for good. For example, if you have 10 people cancel last minute for your family dinner, make a trip to a local shelter and donate those meals to families in need. Changing the narrative and turning disappointment into opportunity takes practice, but it can be life-changing for you and those around you. Thanksgiving Day, Christmas Day, and New Year's Eve are such special days, so the pressure builds on making things perfect on those days. With practice, we can remove the pressure from those days and become more flexible in enjoying the full holiday season with a positive attitude and optimistic perspective.

"We’ve seen a big and welcomed, rally in stock prices since the end of June. Since then, the S&P 500 index is up nearly 13%, and some of the laggards from early in the year have become the leaders. While that is great news, it still does leave the index down more than 10% for the year, and down about 4% over the past 12 months."Signature Wealth Group's Chief Investment Officer, Scott Mitchell, brings us the August 2022 Market Update.Disclaimer: Any opinions are those of Scott Michell, Jonathan Tait, and Chip Munn and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. The information contained in this podcast does not purport to be a complete description of the securities, markets, or developments referred to in this material. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Past performance may not be indicative of future results. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Prior to making an investment decision, please consult with your financial advisor about your individual situation.

Recently divorced, Bobbie can envision a life for herself that she never had before – one filled with new paths to take and fresh opportunities for growth. But before she can set out, there are a few things she needs to consider as she reestablishes herself and her finances in light of her changing circumstances.Facts about Bobbie:Bobbie is 61 years old and hopes to retire at 65 and utilize her Social Security benefitsShe has about $1.1 million in retirement accounts (401k and IRAs)Her home is paid off and is worth about $900,000She has little to no debt This brings her net worth to about $1.8 millionBobbie’s Signature Life Plan shows:Spendable income of $30,000/year Selling her home and moving to a new city where she will purchase a new homeThe taxes and fees at her new home will cost her roughly $28,000/year The HOA at her new home will cover unexpected expenses that may occurShe wants to take a trip every year for the next 20 years. Each trip will cost an average of  $15,000. Bobbie's Confidence Number is 77Listen now to hear the strategies and solutions Chip and Jon use to adjust Bobbie’s plan to meet her retirement goals. 

Identity theft, financial fraud and persistent scamming are as prevalent as ever. Contending with these risks and safe-guarding your assets is challenging in its own right. But having adult children or aging parents to keep an eye on can make your financial caregiving responsibilities even harder.Proactively spotting things like changes in spending and cash usage, use of dormant credit cards, missed deposits, suspicious vendors or real estate title and lien changes can stop exploiters before a lifetime of savings is depleted.

"As we head into the second half of 2022, I wanted to take a moment to look back on what we have come through. For starters, the first 6 months of 2022 were the worst January-June period for the stock market since 1970. On top of that, US Treasury bonds, which are usually a safe haven in times of stock declines, lost about 11% in the first half, according to an ICE Bank of America index that tracks intermediate-term Treasury bonds. Let’s don’t forget inflation, which by many measures has risen at its fasted pace in about 40 years. Unfortunately, this all adds up to pretty miserable investment markets so far in 2022."Signature Wealth Group's Chief Investment Officer, Scott Mitchell, brings us the July 2022 Market Update.Disclaimer: Any opinions are those of Scott Michell, Jonathan Tait, and Chip Munn and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. The information contained in this podcast does not purport to be a complete description of the securities, markets, or developments referred to in this material. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Past performance may not be indicative of future results. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Prior to making an investment decision, please consult with your financial advisor about your individual situation.

A report by Monster.com found 95% of workers are considering changing jobs. Women – disproportionately affected by job loss during the pandemic – may have even bigger opportunities as demand for talent outweighs supply. Listen in as Chip and Jon break down the reality of what has been dubbed The Great Resignation.

In today's episode, Chuck Foresyth (CFP® and Wealth Advisor) joins us to discuss the work-from-home boom's longevity and how it is changing the landscape of everything from jobs to housing and family. The US economy is now a working-from-home economy. But what does that really mean for us?

Many sources estimate that an adult makes about 35,000 remotely conscious decisions each day. In today's episode, Chip and Jon discuss the process for making decisions, understanding decision fatigue, and what longterm decisions can impact our lives in a big way. They ask why we make the decisions we make and how those affect the people around us. Listen in as they dive into how they help clients make decisions in the best interest of their financial future and legacy.'A decision in and of itself is an act of power, simply because you have the ability to do so.' - Jon Tait

We all learn how to handle money from our parents. From chores, allowance, and your first job to bank accounts and investing.Maybe your parents passed along good advice that's really helped you find success in your finances. Or, perhaps you've learned what NOT to do with your money from their example. In this episode of The Signature Life Show, Jon and Chip share what they learned as young men starting to understand the difference between their wants and needs and how to earn a living.

"There’s a great deal of fear around a recession, and I think that there is a better than average chance of a mild recession next year. The definition of a recession is 2 consecutive quarters of US economic contraction, so it’s not the sort of thing you can know about until after you’re in it. The economy has to balance growth and inflation. Push growth too high, and eventually, inflation will get too high, too.  Like with driving a car, this trade-off works well for short periods of time. But if you keep the pedal down too long, adding too much fuel, then the engine (or in this case, the economy) will overheat. A recession often occurs after this overheating, which in turn lets the economic engine cool off and can reset growth and inflation expectations."Signature Wealth Group's Chief Investment Officer, Scott Mitchell, brings us the June 2022 Market Update.

In today's episode, John Chidwick (Senior Wealth Advisor) joins us to discuss stock market reactions to upside and downside volatility. Simply put, John wants to remind us that market volatility can create opportunity. "The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses." Warren BuffettListen in as we discuss the recent college graduations of our children, and how those emotions compare to the volatility in the markets.

One of the biggest worries for Americans right now is inflation. Our money isn't stretching as far, and we're feeling it - whether at the pump or in the grocery store, prices are higher. In this episode, Jon and Chip discuss how they're making adjustments in their homes to adjust as costs rise. Having a plan for your money - a budget - is crucial in reducing financial stress and dealing with inflation.

What happens to your relationship when work ends? Even more complicated may be what happens when work ends for only one person in your relationship? From daily activities to your sleep schedule... everything could change.In this episode Chip and Jon discuss a situation they recently heard from a couple who was trying to navigate the changes in their relationship when moving into retirement. Communication, expectations, planning, and a little grace."Who retires from work to do...chores?!" - Chip

Listen in to hear the only podcast this week to mention Warren Buffett, Mike Tyson, and roller coasters…."Portfolios have been difficult to manage this year since we haven’t been able to hide from the stock market correction in bonds, so account values may be down. We could get a bit of a break, though, as investor sentiment is very poor…this is often a contrary indicator for stock prices, meaning that we could get a short-term boost in stock prices. My recession indicators are not flashing yet, so I don’t think there is an imminent recession. And I think we could get some relief on the inflation front, as I expect the really high inflation readings to abate.  Corporate earnings reports have generally been good, so I think that the fundamental backdrop for stocks and the economy is still favorable."Signature Wealth Group's Chief Investment Officer, Scott Mitchell, brings us the May 2022 Market Update.

"I see money as being a magnifying glass for everyone. Our habits, our beliefs, our thought processes towards money, generational ideas on how it was viewed, and how it was valued are all inside of us, and a lot of times those are positive things. But there are also some negative things that can come along with it.So in managing clients' finances - the physical and emotional component of it - we're helping our clients understand their beliefs and values on money and how they can be magnified as we go through this journey with them. What will that magnify and bring to light down the road? How can we plan and adjust for that?" -Zach