Riverbank Riches with Desmond Taylor: Navigating Financial Wisdom

Imagine you could read your financial advisor’s mind before you even walked through the door for the first time. What would they want you to know? In this episode, we bring you the game-changing insights financial pros wish every saver and investor understood.

Here’s some of what we cover in this episode:

• Why most people don’t know the real risk in their portfolio because they’re focused on upside potential.
• What’s the mo...

Once you reach retirement, how do you know whether you’re doing everything you can to succeed? There are specific questions you can ask and we will address some of those key topics in this episode.

We explore things like annuities, tax efficiency, Social Security, inflation protection, and estate planning to make sure you know you’re in the best position for retirement.

Here’s some of what we cover in this episode:

• How do...

Retirement planning is filled with ‘how do you know’ questions. How do you know if you’re saving enough? How do you know if you’ll have enough income in retirement? How do you know if you have enough to retire? We work to answer these with clients on a daily basis, and today we’re going to discuss how we work through these key retirement questions to help people find the right answer.

Here’s some of what we cover in this episode:...

We're back to tackle your top questions in two comprehensive episodes. Part two addresses essential topics like investment strategies as you approach retirement, managing your 401K when changing jobs, and the ins and outs of catch-up contributions.

Gain insights into the complexities of vesting schedules and the potential risks and benefits of including company stock in your 401K. This episode is a must-listen for anyone lookin...

We get a lot of questions about 401ks, and we know they can be tricky to navigate. It’s such a unique account because it’s attached to the employer with different custodians from place to place. But we work with several companies to help manage their 401ks and consider this a specialty of ours at CLC Financial. That's why we're tackling your top questions in two comprehensive episodes.

Here are the questions we’ll cov...

In today’s unpredictable financial landscape, it’s easy to fall into the trap of believing common lies about money and retirement. In our latest episode of Riverbank Riches, Desmond will debunk these myths and provide valuable insights to help you navigate your financial journey more effectively.

Here’s some of what we cover in this episode:

• What options do you have for safe money?
• Why investing in the stock market isn’t o...

Dave Ramsey has built a big following for his financial advice and his direct approach to advising people on his media platforms. Like everything in the financial world, there’s some advice that applies well and some that doesn’t. In this episode, we’re going to give you two examples of information that we think is valuable and another that should be challenged.

Here’s some of what we cover in this episode:

• The importance ...

Psychologists have determined that retirement is one of the most stressful events that some people will experience in life. In this episode, we’ll look at the ways to proactively deal with the stress surrounding the retirement process.

Here’s some of what we cover in this episode:

• Understand the significant lifestyle changes that come with retirement.
• Embrace the opportunity to face new challenges.
• Sometimes the retirem...

As the financial landscape continues to evolve, investors are seeking clarity and direction in an increasingly complex market. That’s why we wanted to bring on someone who is as tapped into what’s happening in the economy as anyone we know. Matt Heimann, CFA, is the Director of Asset Management at CreativeOne Wealth and he has a deep analytical expertise in building asset allocations and populating investment models. In this two-pa...

The past few years have been marked by incredible volatility in the stock market, which has created plenty of uncertainty for investors. Just in the past five years, we’ve seen the market crash during COVID, high inflation and interest rates, and bonds falling sharply alongside equities in 2022.

It’s no surprise that some people have chosen to stay on the sidelines when it comes to investing. They’ve chosen to remain conserva...

Every generation likes to talk about how much harder things used to be when they were kids. Like all of the people who used to have to walk five miles to school, in the snow, uphill both ways. But they had at least one thing that was EASIER…and that was retirement planning. Let’s talk about why on today’s episode.

Here’s some of what we cover in this episode:

• In past generations, it was common to work for the same company ...

Imagine your retirement plan as a ship sailing toward a horizon of rest and relaxation. But what if one leak could sink it all? In today’s episode, we spotlight some of the single oversights that could send your dreams to the bottom.

We'll share key strategies to plug the gaps, ensuring your financial ship stays buoyant and on course. Tune in to protect your future from the one mistake that could derail everything.

Als...

Is 'Lazy Money' still a concern in 2024's higher interest rate landscape? In this episode, we explore this question, examining how the recent rise in interest rates affects the money sitting in savings accounts, CDs, and conservative investments.

We'll discuss the new dynamics of managing your funds in a world where traditional saving methods are seeing better returns. Are these options now a viable part of a ...

Just like building a snowman in the crisp winter air, creating a structurally sound retirement strategy requires careful consideration and planning. From establishing a solid base to adding protective layers, we’re here to ensure your financial landscape remains cool and stable.

Tune in and learn how to build a financial snowman that stands the test of time. And who knows, maybe we’ll even get a little snow in eastern North Carolin...

Ashley Kelsey, CBI is a Senior Business Advisor with Transworld Business Advisors of Eastern NC and has worked with all types of business owners to connect them with the right buyers when they’re ready to exit. In this two-part series, we’ll talk in-depth about the business brokerage industry with this episode focusing on their process, success stories, and the advice she’d give both buyers and sellers.

Part two will focus on rec...

Having an exit plan for your business isn't easy and business owners struggle with this transition all the time. Today we're going to talk with someone from the business brokerage industry who helps connect buyers and sellers to find out how the process works, learn more about how it can alleviate some of the challenges facing owners, and hear a few success stories she's been a part of.

Here’s some of what we cover in...

Join us for a thoughtful episode where we unpack our 2023 edition of key year-end planning strategies for those nearing or embracing their retirement years. We'll explore the nuances of optimizing your investment portfolio, safeguarding your assets, and ensuring a stable, rewarding lifestyle in the years to come.

Together, we'll navigate through essential topics like managing RMDs, exploring tax-saving opportunities, and...

This two-part series will juxtapose the individuality of retirement plans with the foundational principles that remain consistent across the board. Join us as Desmond finishes out the top 10 with five more truths everyone needs to take into account when building a plan.

Here are the five truths we cover in this episode:

• Diversification is Essential for Risk Management.
• Emotions Can Be an Investor's Worst Enemy.
• Tax ...

Dive deep in this two-part series, where we juxtapose the individuality of retirement plans with the foundational principles that remain consistent across the board.

Join us as Desmond tells you about 10 different retirement truths and how they can have an impact on retirement. This episode will tackle the first five and we’ll tell you why you need to account for each of these in your retirement plan.

Here are the five tru...