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Retirement Planning - Redefined

Retirement Planning - Redefined

By: John Teixeira and Nick McDevitt
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 Financial and retirement planning guidance from Certified Financial Planner John Teixeira and Nick McDevitt of PFG Private Wealth Management in the Tampa Bay, FL area. On this show, you'll learn about how the financial and retirement world has evolved over the past several decades, how to properly plan for your own future, and some of the important pitfalls to avoid. PFG Private Wealth Management, LLC is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investment involve risk and, unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.Copyright John Teixeira and Nick McDevitt Economics Personal Finance Politics & Government
Episodes
  • The 4 Things You Can Control in Retirement

    The 4 Things You Can Control in Retirement
    Jun 26 2025
    Markets crash. Taxes shift. Congress waffles on Social Security. You can’t control any of that. And stressing over it won’t help. What will? Focusing on the four things that actually move the needle in retirement. Helpful Information: PFG Website: https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email: info@pfgprivatewealth.com Disclaimer: PFG Private Wealth Management, LLC is an SEC Registered Investment Advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. The topics and information discussed during this podcast are not intended to provide tax or legal advice. Investments involve risk, and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed on this podcast. Past performance is not indicative of future performance. Insurance products and services are offered and sold through individually licensed and appointed insurance agents. Marc: Market crashes, taxes shift, Congress waffles on Social Security, you can't control any of that, and stressing about it will not help. So, let's talk about the things this week that we can control in our retirement. Welcome into the podcast, everybody. This is Retirement Planning - Redefined with John and Nick from PFG Private Wealth, and guys, we're going to talk about a couple of examples of stuff we can control in our retirement world, because there's a whole lot of stuff we can't control, right? So, let's have a chat about some of that this week. What's going on, John? How you doing, my friend? John: Doing good. I'm doing good. How are you? Marc: I'm hanging in there. We were just chatting before we jumped on here about the AI getting crazy. We can't control that either, so we got to factor that in, right? John: No, no. I think [inaudible 00:00:50] right now. Marc: Yeah, we got to factor that in when we're looking up information and things of that nature, so that's another piece we can't control, so be careful out there with that. Nick, what's going on, my friend? How you doing? Nick: Good, good. Staying busy. The heat is on here. Marc: The heat is on. That's right. Nick: Yeah, we are inching our way into summer. Marc: Yeah, well, it's that time of the year. It's hot and rainy on a regular basis, but let's get into this conversation this week here. I got a couple items I want to run through. Like I said in the teaser, you can't control what happens in the market, guys, right? Look what happened earlier this year. We knew the tariff thing was going to start. Took a bit of a beating for a while, then it started to rebound pretty well, but you can control how you're positioned, right? That's obvious, but people forget that. When they see the market taking that dive, they panic, "Oh, my gosh, it's going down. The S&P is down 12%, that means I'm 12%." Well, no, John, not really. Not if you're not 100% exposed to the market risk, right? That's the point. John: Yeah, that is. This is actually perfect timing for what's been going on this year. Marc: Exactly. John: We're doing some of these reviews, and we really kind of pride ourselves on making sure people are invested in the right asset allocation per their goals and their plan and their risk tolerance. So, when people put on the news, it seems like doom and gloom, and we're doing some of these reviews and it's like, "Oh, okay, that's good to hear." And part of that is you can't control what the market's going to do, you can't control what politicians are going to do and how that might affect the market, but you can control how you at least take a look at your overall investment portfolio and how you structure it to be able to ... Not saying you're going to weather every storm, but to limit some of the volatility that's happening. Marc: Sure. Yeah, I can't even begin to say how many advisors I'd talked to where most of them only had a few nervous Nellies, right, and that's okay. It's understandable. A couple would call here there during the height of some of that there in April and saying, "Oh, my God, I see it every five seconds. It's down 12%. I need to go through my numbers." And so they'd run through the portfolio with them and they're like, "You're only down about two at this moment," because they're like, "Oh, well, two's a whole lot better than 12." Well, yeah, so that's the point of not buying into just the straight media all the time and understanding what your risk tolerance is and how much you're exposed to it, so that's one area. Nick, another area is kind of the same thing. It's the great multi-risk multiplier. It's our longevity. We don't have a stamp on us that says when we're going to pass away. It would make things easier and scary all at the same time. But you can ...
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    15 mins
  • Should You Gift Money While You’re Alive or Leave A Legacy?

    Should You Gift Money While You’re Alive or Leave A Legacy?
    Jun 26 2025
    You’ve worked hard, saved well, and now you’re thinking about giving back—maybe to your kids, your grandkids, or a cause you care about. But should you wait and pass that wealth on later, or give while you’re still around to enjoy the impact? Let’s talk about how to make that decision with confidence. Helpful Information: PFG Website: https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email: info@pfgprivatewealth.com Disclaimer: PFG Private Wealth Management, LLC is an SEC Registered Investment Advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. The topics and information discussed during this podcast are not intended to provide tax or legal advice. Investments involve risk, and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed on this podcast. Past performance is not indicative of future performance. Insurance products and services are offered and sold through individually licensed and appointed insurance agents. Marc: Welcome in once again to another edition of Retirement Planning, Redefined with John and Nick, and we're going to talk about gifting money while you're alive or leaving a legacy. You work hard, you saved well, so let's talk about how to gift and leave a legacy. Welcome into the podcast everybody. Thanks for hanging out with John and Nick and myself as we talk about these topics this week. And guys, it's gifting, right? So I want to go over some basics here. It seems like there's been a trend the last couple of years for people to enjoy their retirement legacy with the family versus the old way of you pass and you'll leave a check, right? Here's your inheritance, we're gone, that kind of thing. So let's talk about that a little bit this week on the show and just kind of see what you guys are seeing in your neck of the woods. How you doing this week, Nick? Nick: Good, good. How about yourself? Marc: Doing pretty good's. How's the wedding action coming? Nick: Planning's moving along. Marc: Nice. Nick: Did some, hopefully we got the food picked out, so trying to check off all the big things, so. Marc: That's important. Got to have that good food going on for sure. Well, good. Kudos. Good. Glad to hear that. And John, my friend, how are you this week? John: I'm good. I'm good. Summer just started for the kids, so getting used to waking up in the morning and they're hanging out with me as I'm getting ready for work- Marc: And they're ready to go. John: Versus me just dropping them off. Yeah. Marc: That's right. John: It's a lot of fun. Marc: There you go. Are you guys seeing this trend that I talked about, not necessarily a new trend. It's been going on for a number of years now, but I think where people just want to maybe enjoy some experiences with their loved ones while they're still here versus just leaving that check, so to speak? Are you guys seeing that in your practice as well? Nick: Yeah, I'd say so. We've had, what are we on now? A 14, 15 year bull run from the standpoint of people have kind of exceeded what their perspective on goals was for the money that they might have in retirement and, so especially I would say, at least from what I've seen, the vacation side of things is kind of the biggest thing that people have been doing where they'll do a large family vacation and pay for the kids and their families to go so that they can all enjoy that together. Marc: Yeah, that's very cool. And we'll talk about some of the numbers and things in just a few minutes, but John, I'll kick this over to you. I'd say the first step probably still should be, make sure you are covered first, right? We all want to leave and do things for our kids and loved ones, but don't sacrifice your own retirement in order just to do that. Is that a fair place to start? John: That is 100% where you should start. The last thing you want to do is start gifting and spending money on a vacation, and then you look at it and you're like, "Oh man, I don't have enough money to live anymore." So first thing we do in this situation where it comes up with clients is like most things we say, we look at the plan and we will stress test it and look at different scenarios to make sure, hey, if this were to happen, how does your plan react to it? So we'll throw out some scenarios out there, whether it's healthcare, inflation, social security, things like that. And if the plan looks solid, we will typically give somewhat of a green light of, we think you should budget X amount for this. Or we can also look at scenarios where Nick talked about vacation, but we've seen some others where it's like, "Hey, I want to help my son, daughter with a home purchase." And with the way ...
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    14 mins
  • Talking To Your Spouse About Market Crash Fears

    Talking To Your Spouse About Market Crash Fears
    Apr 24 2025
    This episode is all about the emotional side of investing during market turmoil, especially the conversations (or arguments) happening at kitchen tables right now. Helpful Information: PFG Website: https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email: info@pfgprivatewealth.com Disclaimer: PFG Private Wealth Management, LLC is an SEC Registered Investment Advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. The topics and information discussed during this podcast are not intended to provide tax or legal advice. Investments involve risk, and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed on this podcast. Past performance is not indicative of future performance. Insurance products and services are offered and sold through individually licensed and appointed insurance agents. Speaker 1: This episode is all about the emotional side of investing during market turmoil, especially the conversations that might be happening around kitchen tables all across America right now. Let's get into it this week here on Retirement Planning Redefined. Welcome into the podcast, where we're going to talk about talking to your spouse or loved one about market crashes and fears. If you're sitting around the dinner table and stressing out about the stuff we've been seeing over the past few weeks, it's been a volatile March and April. It's maybe worthwhile to have a chat about how do you go about that, because obviously when it comes to dealing with money and talking about money, that's sometimes where families and relationships struggle. This week, the guys are going to help us break it down from things they say from their clients, maybe their own personal perspective and mine as well, as we have this conversation. What's going on, John? How are you doing, buddy? John: Doing good. Just found an electric fireplace. Speaker 1: Oh, nice, nice. John: For my remodel. I can't wait to have it installed. Speaker 1: There you go. Yeah, we got one of those as well when we did ours. Nice, very good. Works well. My wife's always got that thing on. I'm like, "Really?" John: Yeah. Speaker 1: Even when it's warm. I'm like, "You're killing me." Well, hey, there you go. Couples and spouses already over the fireplace, we haven't even got to the money yet. What about you, Nick? How are you doing, buddy? Nick: Good, good. Staying busy. Speaker 1: Yeah. Well, let's dive into this since you're about to have this situation start to prop up because you've got some nuptials coming soon. Again, congratulations on that. I got a few questions I just want to run through. Feel free to drop in some real life scenarios that you've seen from your own life, or clients, or whatever you guys want to share when it comes to this. It's an important question, because I so many advisors like yourselves say, "Hey, when you're building a retirement plan and a strategy, make sure both people are involved so that you understand what you've got and what you're into." Even if it's not your thing, that way everybody just feels like they're on solid ground when it comes to knowing what's happening. How do you deal with that? As a married couple or in a relationship, how do you deal with market downturns? Because when you start seeing your accounts go down, you start to freak out a little bit. Is it a good idea to talk about that, guys? Or do you think that should be saved for talking, Nick, like in front of you guys, where you're there as a mediator kind of thing? Nick: I think the number one most important part is that people actually start to have the conversation. Speaker 1: Just talk, right? Nick: Yeah, just talk. There's a reason that, I would say from the standpoint of therapy, 50% of the stress probably comes from guidance and 50% just comes from getting it out kind of thing. Speaker 1: Right. Nick: The act of literally just talking and trying to get on the same page I think tends to be helpful. The reality is most couples with many things, the way that they approach a decision, the way that they feel about something that's happening tends to be different. It's pretty rare that they're both the same. Speaker 1: Right. Nick: John and I talking about that quite a bit with clients, where many of our clients, we'll work as a team. In a lot of ways, we feel like it benefits us because we have similarities and differences just like couples do. Often times, we can pick up on more information because of that. I think having the conversation to get a baseline of how they're feeling about the direction of things. Then, really, I do think it is important to reach out to their advisor and get an idea, a better idea of ...
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    14 mins
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