Your Life Simplified: A Financial & Wealth Management Podcast

When looking at insurance, you're likely faced with two options—term or permanent insurance. Which one makes more sense for you and your situation? This week, Jerry Clark, senior consultant, insurance solutions, joins Michael MacKelvie, wealth advisor, to help break down term versus permanent insurance and how to figure out which may be right for you.

With many insurance options available, it can be overwhelming and complicated to decide what is the right choice for you. This week, Jerry Clark, senior consultant, insurance solutions, joins Michael MacKelvie, wealth advisor, to help break down different types of life insurance. They'll discuss the pros and cons of whole life insurance, indexed universal life (IUL), variable universal life (VUL) and how to determine which option may be right for you.

Blockchain technology has been gaining a lot of attention in recent years for its potential to transform industries such as finance, supply chain, healthcare, and more. Ric Edelman, founder of DACFP, joins this episode of Your Life Simplified where we explore the various aspects of blockchain technology, including how it works and how to buy blockchain technology. Ric shares his advice for how much you should invest in cryptocurrency. We'll also discuss the future of blockchain technology and its potential to create a more transparent and secure world.

Medicare is another cost to consider during retirement. How do you get the most value out of your Medicare package? On this episode of Your Life Simplified, Michael MacKelvie, wealth advisor, is joined by Tim Mickelson, Medicare specialist. They'll discuss the costs associated with each part and working with an insurance agent. They'll also cover the average costs of Medicare.

There can be a lot to unpack when considering the different Medicare coverage components and understanding what may be right for you. On this episode of Your Life Simplified, Michael MacKelvie, wealth advisor, is joined by Tim Mickelson, Medicare specialist. They'll discuss the basics of Medicare, including Part A, B, C and D, costs, signing up for Medicare and qualifications. Watch Part 2 for a deeper dive on costs and getting the most out of Medicare.

Considering rising interest rates and inflation, should you invest in bonds? While bonds are a common investment, they can be complex. Michael MacKelvie, wealth advisor, is joined by Carolyn Moriarty, wealth advisor, to break down bonds, their structure, how they work within your portfolio and if you should consider investing in bonds

50% of adults will need long-term care at some point in their life, and this can have major impacts on your emotions and financial plan. Dr. Christina Lynn, practice management consultant, joins this episode of Your Life Simplified to share how to discuss aging and long-term care with your parents, what emotions this may bring, how much to plan for financially, the different types of care and each of their costs.

Before saying, "I do," it can be helpful to discuss finances with your fiancé and have a prenuptial agreement in place. On this episode, Valerie Escobar, senior wealth advisor, hosts, Julia Rodgers, CEO and Co-Founder of HelloPrenup, who shares ways you can approach this topic with your partner, how to have that conversation and ways that you can help protect both people with a prenup.

Oftentimes, getting a prenuptial agreement may feel unromantic, timely and expensive. But not having a prenup can end up causing more strife and costing more in the long run. On this episode of Your Life Simplified, Valerie Escobar, senior wealth advisor, and hosts guest, Julia Rodgers, CEO and Co-Founder of HelloPrenup. They discuss what is a prenup, what should go in it, the process, making sure it is equitable for both parties and postnuptial agreements.

With the passage of the SECURE Act & SECURE 2.0 Act, Stretch IRAs are no longer an option. So, how should investors with an IRA manage this and what should beneficiaries do with their inherited IRA? Valerie Escobar, senior wealth advisor, and Michael MacKelvie, wealth advisor, share strategies investors may consider with their IRAs.