Episodes

  • [Classic Rewind] Sandwich Conversations, Part of Taking Care of the Whole Family Forever

    [Classic Rewind] Sandwich Conversations, Part of Taking Care of the Whole Family Forever
    Aug 21 2024

    This is a Classic Rewind.


    On today’s Money Talk with Yu, Doug and Jerry discuss:

    • The sandwich – what do we mean by that?
    • The fact that there is more to prepare for the future other than for college and retirement…what else is there?
    • Keeping documents up to date. What documents are we referring to?
    • What programs can help you keep your plans in place?


    Key Takeaways:

    • When creating a financial plan resilient to uncertainties, it’s essential to take a comprehensive approach that involves evaluating your current finances and establishing long-term objectives.
    • For those in the "sandwich generation," striking a balance between saving for retirement, paying for children’s education, and caring for elderly parents is vital to achieving financial stability.
    • Legacy building isn’t just about wealth; it’s also about passing down values and life lessons, making them an integral part of what you leave behind.
    • Updating legal documents regularly is crucial, as they must adapt to changing life circumstances to ensure your assets are distributed according to your wishes.


    “These documents are evolving. You always have to keep it up to date based on the situation at that time."

    —Jerry Yu


    About the host, Jerry Yu:

    Jerry Yu, a retirement and income strategist, specializes in aiding individuals aged 50 and older facing retirement challenges. He designs customized financial blueprints to safeguard retirees' savings from longevity risk, inflation, and sequence-of-returns concerns. Jerry's expertise includes guiding those through the critical "Retirement Red Zone," offering insights on supplemental lifetime income streams, and implementing strategies to counter inflation. His mission is rooted in rectifying the misconception that wealth accumulation strategies are the same as those for spending down assets in retirement, ensuring a secure financial descent for retirees.



    Contact Jerry:

    Website: www.reignfinancialservices.us

    Linkedin: www.linkedin.com/in/jerry-yu-4a293430/

    Facebook: www.facebook.com/reign.financial.insurance

    Instagram: www.instagram.com/reign.financial

    YouTube: Search for “Jerry Yu – The Family Money Doctor” (https://www.youtube.com/channel/UCe8Nv41YuU_iIvKe7XKhaoA)


    Office: 500 Technology Dr., #300. Irvine, CA 92618

    Work: (626) 269-9098

    Cell: (626) 890-0090

    Email: jerry.yu@reignfinancialservices.us



    Show notes by Podcastologist: Hanz Jimuel Alvarez


    Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.

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    7 mins
  • [Classic Rewind] Looking at Family Finances Across Time

    [Classic Rewind] Looking at Family Finances Across Time
    Aug 14 2024

    This is a Classic Rewind episode.


    On today’s Money Talk with Yu, Jerry discusses

    • Which choice is better, a Mercedes or a Jet? Why?
    • As it relates to investing, why does time make a difference?
    • What is the difference as it pertains to investing in short, medium, and long-term legacy, and why do they actually matter?
    • What risks do people take when thinking in the wrong terms?


    Key Takeaways:

    • By treating financial decisions with the same scrutiny as choosing between a luxury car and a private jet, you can tailor your financial strategy to your life's unique objectives and stages.
    • It's essential to diversify your portfolio and set clear goals that align with various time frames – short-term needs, midterm growth, long-term security, and leaving a legacy.
    • Financial planning isn't exclusive to the wealthy; it's a tool accessible to anyone.
    • Discussing the balance between different planning stages reveals the importance of maintaining liquidity, staying nimble in the face of market volatility, and understanding tax implications to protect and grow your wealth strategically.


    “If I have a proper legacy set up for the next 200 years, all the great-grandchildren know grandpa Jerry Yu because of what he did 200 years ago that provided me with this financial stability, that's leaving a legacy."

    —Jerry Yu


    About the host, Jerry Yu:

    Jerry Yu, a retirement and income strategist, specializes in aiding individuals aged 50 and older facing retirement challenges. He designs customized financial blueprints to safeguard retirees' savings from longevity risk, inflation, and sequence-of-returns concerns. Jerry's expertise includes guiding those through the critical "Retirement Red Zone," offering insights on supplemental lifetime income streams, and implementing strategies to counter inflation. His mission is rooted in rectifying the misconception that wealth accumulation strategies are the same as those for spending down assets in retirement, ensuring a secure financial descent for retirees.


    Contact Jerry:

    Website: www.reignfinancialservices.us

    Linkedin: www.linkedin.com/in/jerry-yu-4a293430/

    Facebook: www.facebook.com/reign.financial.insurance

    Instagram: www.instagram.com/reign.financial

    YouTube: Search for “Jerry Yu – The Family Money Doctor” (https://www.youtube.com/channel/UCe8Nv41YuU_iIvKe7XKhaoA)


    Office: 500 Technology Dr., #300. Irvine, CA 92618

    Work: (626) 269-9098

    Cell: (626) 890-0090

    Email: jerry.yu@reignfinancialservices.us



    Show notes by Podcastologist: Hanz Jimuel Alvarez


    Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.

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    10 mins
  • [Classic Rewind] What to Do with Your 401K

    [Classic Rewind] What to Do with Your 401K
    Aug 7 2024

    This is a Classic Rewind episode.


    On today’s Money Talk with Yu, Jerry discusses:

    • Understanding the intricacies of 401k plans and the significance of company matching contributions
    • The benefits of maximizing 401k contributions and how the employer matching process works, alongside the vesting period
    • Dispelling common myths about 401(k)s that may affect investment decisions and strategies
    • Exploring alternative retirement investment options, with a focus on permanent life insurance as a beneficial supplement


    Key Takeaways:

    • The basics of 401k plans are crucial for effective retirement planning and taking full advantage of employer contributions can significantly enhance your savings.
    • By recognizing the critical nature of 401k contributions and the intricacies of employer matching, people will make more informed decisions about job changes and financial stability.
    • Demystifying 401(k) misconceptions empowers individuals to make informed investment choices and manage risks and restrictions with confidence.
    • Alternative retirement strategies, such as permanent life insurance, provide a comprehensive approach to financial planning, offering tax advantages and solidifying family security.


    “You don't have to rely solely on a 401(k) for retirement; exploring tools like permanent life insurance can offer tax benefits and guarantees that support your long-term goals."

    —Jerry Yu


    About the host, Jerry Yu:

    Jerry Yu, a retirement and income strategist, specializes in aiding individuals aged 50 and older facing retirement challenges. He designs customized financial blueprints to safeguard retirees' savings from longevity risk, inflation, and sequence-of-returns concerns. Jerry's expertise includes guiding those through the critical "Retirement Red Zone," offering insights on supplemental lifetime income streams, and implementing strategies to counter inflation. His mission is rooted in rectifying the misconception that wealth accumulation strategies are the same as those for spending down assets in retirement, ensuring a secure financial descent for retirees.


    Contact Jerry:

    Website: www.reignfinancialservices.us

    Linkedin: www.linkedin.com/in/jerry-yu-4a293430/

    Facebook: www.facebook.com/reign.financial.insurance

    Instagram: www.instagram.com/reign.financial

    YouTube: Search for “Jerry Yu – The Family Money Doctor” (https://www.youtube.com/channel/UCe8Nv41YuU_iIvKe7XKhaoA)


    Office: 500 Technology Dr., #300. Irvine, CA 92618

    Work: (626) 269-9098

    Cell: (626) 890-0090

    Email: jerry.yu@reignfinancialservices.us


    Show notes by Podcastologist: Hanz Jimuel Alvarez


    Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.

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    12 mins
  • [Classic Rewind] It Does More Than You Think

    [Classic Rewind] It Does More Than You Think
    Jul 31 2024

    This is a Classic Rewind Episode.


    On today’s Money Talk with Yu, Doug and Jerry discuss:

    • What types of insurance are available and what should one choose?
    • Life insurance can be seen as a legacy builder. But why is it more than that?
    • Can you share how you would help someone determine the best type of insurance for them?
    • Life insurance is more like a Swiss army knife


    Key Takeaways:

    • Life insurance selection should be tailored to individual family circumstances, necessitating expert guidance to navigate the options and benefits available.
    • Understanding clients' financial aspirations and backgrounds is crucial to providing sound life insurance counsel that aligns with their unique life stages and goals.
    • Life insurance transcends its traditional role, offering an array of financial advantages such as safeguarding family futures, augmenting retirement incomes, and enabling the smooth transfer of assets to subsequent generations.
    • Cultivating financial stability for retirement requires careful planning and strategic decision-making, a concept that Jerry Yu illuminates through his literary work on wealth accumulation.


    “Approach life insurance as more than a safeguard; see it as a cornerstone for your future financial strategy."

    —Jerry Yu


    About the host, Jerry Yu:

    Jerry Yu, a retirement and income strategist, specializes in aiding individuals aged 50 and older facing retirement challenges. He designs customized financial blueprints to safeguard retirees' savings from longevity risk, inflation, and sequence-of-returns concerns. Jerry's expertise includes guiding those through the critical "Retirement Red Zone," offering insights on supplemental lifetime income streams, and implementing strategies to counter inflation. His mission is rooted in rectifying the misconception that wealth accumulation strategies are the same as those for spending down assets in retirement, ensuring a secure financial descent for retirees.


    Contact Jerry:

    Website: www.reignfinancialservices.us

    Linkedin: www.linkedin.com/in/jerry-yu-4a293430/

    Facebook: www.facebook.com/reign.financial.insurance

    Instagram: www.instagram.com/reign.financial

    YouTube: Search for “Jerry Yu – The Family Money Doctor” (https://www.youtube.com/channel/UCe8Nv41YuU_iIvKe7XKhaoA)


    Office: 500 Technology Dr., #300. Irvine, CA 92618

    Work: (626) 269-9098

    Cell: (626) 890-0090

    Email: jerry.yu@reignfinancialservices.us


    Show notes by Podcastologist: Hanz Jimuel Alvarez


    Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.

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    9 mins
  • [Classic Rewind] How to Pay for College without Ruining Your Kids

    [Classic Rewind] How to Pay for College without Ruining Your Kids
    Jul 24 2024

    This is a classic rewind episode.


    On today’s Fortify Your Financial Kingdom, Doug and Jerry discuss:

    • Define “ruining” as it relates to paying for college?
    • What are the limitations to the 529 plans out here…start with what a 529 is, please.
    • Can you talk about the Chinese versus American grandpa solutions for college?
    • Purchase life insurance versus putting money in a 529…what is your advice?


    Contact Jerry:

    Website: www.reignfinancialservices.us

    Linkedin: www.linkedin.com/in/jerry-yu-4a293430/

    Facebook: www.facebook.com/reign.financial.insurance

    Instagram:

    www.instagram.com/reign.financial

    YouTube: Search for “Jerry Yu – The Family Money Doctor”

    Office: 500 Technology Dr., #300. Irvine, CA 92618 Work: (626) 269-9098

    Cell: (626) 890-0090

    Email: jerry.yu@reignfinancialservices.us

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    11 mins
  • [Classic Rewind] Save More with Proactive Tax Planning: Insights from Jeff Hockett

    [Classic Rewind] Save More with Proactive Tax Planning: Insights from Jeff Hockett
    Jul 17 2024
    Do you want to maximize your tax savings? Are you looking for a solution to efficiently plan and save on your taxes? Well, I have just the answer for you. Join me as my guest, Jeff Hockett, shares proactive tax planning strategies that will help you achieve optimal tax savings. By implementing these strategies, you can ensure efficient tax planning and maximize your savings.About Jeff Hockett:Jeff Hockett is the Owner of Hockett Tax and has been doing taxes since 1993. As an EA, he has helped clients save money on taxes, negotiated offers in compromise, provided audit services, and helped many companies get started. He has been a member of several organizations over the years and has always donated his time to many volunteer positions. He is the Past President of the West Valley Nation Association of Property Managers, a Current member of the American Society of Tax Problem Solvers, and a consultant for many small businesses and Brokerages. And he is also the Host of the More Money in Your Pocket Podcast.On today’s Fortify Your Financial Kingdom, Jeff and Jerry discuss:Maximize tax savings with proactive planning strategies that keep more money in your pocket.Avoid the potential consequences of ignoring IRS letters by understanding the steps to take and protecting your financial future.Accurate record-keeping is key to ensuring you're able to claim all available deductions and minimize your tax liability.Discover the benefits of working with a tax professional who can navigate the complexities of the tax system on your behalf.Learn how to navigate the complexities of the tax system to optimize your tax savings and financial success. Key Takeaways:Maximize tax savingsProactive tax planning is key to maximizing your tax savings, both for businesses and individuals. Avoid negative consequencesIgnoring IRS letters and failing to address tax issues promptly can have serious repercussions, including hefty fines and penalties, or even legal action. Ensure accurate record-keepingKeeping detailed and accurate financial records not only helps in the preparation of tax returns, but it also provides vital supporting evidence in case of an audit. “Don't just see your accountant as a tax filer, see them as a tax planner who can help you leverage tax codes to your advantage." —Jeff HockettContact Jeff:LinkedIn: https://www.linkedin.com/in/hocketttax/ Facebook: https://www.facebook.com/hocketttaxandpayroll/ Instagram: https://www.instagram.com/hocketttax/ About the host, Jerry Yu:Jerry Yu, a retirement and income strategist, specializes in aiding individuals aged 50 and older facing retirement challenges. He designs customized financial blueprints to safeguard retirees' savings from longevity risk, inflation, and sequence-of-returns concerns. Jerry's expertise includes guiding those through the critical "Retirement Red Zone," offering insights on supplemental lifetime income streams, and implementing strategies to counter inflation. His mission is rooted in rectifying the misconception that wealth accumulation strategies are the same as those for spending down assets in retirement, ensuring a secure financial descent for retirees.Contact Jerry:Website: www.reignfinancialservices.usLinkedin: www.linkedin.com/in/jerry-yu-4a293430/ Facebook: www.facebook.com/reign.financial.insuranceInstagram: www.instagram.com/reign.financialYouTube: Search for “Jerry Yu – The Family Money Doctor”Office: 500 Technology Dr., #300. Irvine, CA 92618 Work: (626) 269-9098Cell: (626) 890-0090Email: jerry.yu@reignfinancialservices.usShow notes by Podcastologist: Hanz Jimuel AlvarezAudio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.
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    21 mins
  • [Classic Rewind] Go to the Money Doctor

    [Classic Rewind] Go to the Money Doctor
    Jul 10 2024

    This is a classic rewind episode.



    On today’s Fortify Your Financial Kingdom, Doug and Jerry discuss:

    ● With the wisdom from the first 8 chapters can you please define what a Family Money Doctor is again?

    ● Why do you feel it is important to have a family money doctor?

    ● What components are needed to maintain good money health?

    ● The right “medicine” is essential to help you get to your optimum health. Medicine includes Life Insurance, Annuities and 401K…so many choice in each of these categories…how does one decide?

    ● How does a money doctor work Jerry?

    ● Here’s where I would like to give you a moment to talk about your business and promote why you are a great fit for our listening audience Jerry?


    Contact Jerry:

    Website: www.reignfinancialservices.us

    LinkedIn: www.linkedin.com/in/jerry-yu-4a293430/

    Facebook: www.facebook.com/reign.financial.insurance

    Instagram: www.instagram.com/reign.financial

    YouTube: Search for “Jerry Yu – The Family Money Doctor”

    Office: 500 Technology Dr., #300. Irvine, CA 92618 Work: (626) 269-9098

    Cell: (626) 890-0090

    Email: jerry.yu@reignfinancialservices.us

    Show More Show Less
    9 mins
  • [Classic Rewind] Jamie Lima: Turning Divorce Trauma into Financial Freedom

    [Classic Rewind] Jamie Lima: Turning Divorce Trauma into Financial Freedom
    Jul 3 2024
    Join Jamie Lima as he shares his personal journey through financial challenges in divorce, offering insights on how to make better financial decisions during this difficult time. But when faced with the complexities of after-tax asset valuations, will Jamie be able to guide his clients to fair settlements, or will they be left in financial turmoil?About Jamie Lima:Jamie Lima, the founder of Allegiant Divorce Solutions, is an experienced professional in the field of financial planning, with a particular focus on divorce-related financial challenges. Having launched Allegiant Divorce Solutions as a sister company to his financial planning firm, Woodson Wealth Management, Jamie brings almost two decades of financial planning experience to the table. His credentials include an MBA, CFA, and CDFA, demonstrating his commitment to providing clients with expert guidance in navigating the intricate financial aspects of divorce. Jamie's dedication to ensuring his clients achieve fair settlements and experience reduced stress during divorce proceedings underscores his mission to deliver valuable support to individuals facing similar circumstances.On today’s Fortify Your Financial Kingdom, Jamie and Jerry discuss how to:Master financial challenges in divorce to gain control of your future.Uncover the importance of after-tax valuations and protect your financial interests.Embrace empathy in divorce financial planning for a smoother transition.Key Takeaways:Mastering Financial Challenges in DivorceUnderstanding financial complexities is a critical skill when navigating divorce. Dissecting each asset's implications and the tax treatments can have a significant impact on the final settlement. Uncover the Power of a Certified Divorce Financial AnalystEmploying a certified divorce financial analyst (CDFA) can make a significant difference in understanding the financial aspects of divorce. Unlike traditional financial planners, CDFAs specialize in divorce procedures and offer invaluable expertise in the process. Importance of After-Tax ValuationsUnderstanding the importance of after-tax valuations is essential during a divorce. Assets like 401(k)s and property might seem identical on the surface, but tax implications may cause disparities in their effective values. “It's taking some of those negative experiences and trying to turn them into a positive." —Jamie LimaContact Jamie:LinkedIn: https://www.linkedin.com/in/jamielima/ Website: https://allegiantds.com/ https://woodsonwm.com/ About the host, Jerry Yu:Jerry Yu, a retirement and income strategist, specializes in aiding individuals aged 50 and older facing retirement challenges. He designs customized financial blueprints to safeguard retirees' savings from longevity risk, inflation, and sequence-of-returns concerns. Jerry's expertise includes guiding those through the critical "Retirement Red Zone," offering insights on supplemental lifetime income streams, and implementing strategies to counter inflation. His mission is rooted in rectifying the misconception that wealth accumulation strategies are the same as those for spending down assets in retirement, ensuring a secure financial descent for retirees.Contact Jerry:Website: www.reignfinancialservices.usLinkedin: www.linkedin.com/in/jerry-yu-4a293430/ Facebook: www.facebook.com/reign.financial.insuranceInstagram: www.instagram.com/reign.financialYouTube: Search for “Jerry Yu – The Family Money Doctor” (https://www.youtube.com/channel/UCe8Nv41YuU_iIvKe7XKhaoA) Office: 500 Technology Dr., #300. Irvine, CA 92618 Work: (626) 269-9098Cell: (626) 890-0090Email: jerry.yu@reignfinancialservices.usShow notes by Podcastologist: Hanz Jimuel AlvarezAudio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.
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    20 mins