Tag: Financial Planning

The Three-Bucket Strategy for Retirement Planning with Pete Belcastro
The Three-Bucket Strategy for Retirement Planning with Pete Belcastro (Ep. 37)

The Three-Bucket Strategy for Retirement Planning with Pete Belcastro (Ep. 37)

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Is your financial plan secure enough to last until retirement? How could dividing your income into separate groups help ensure your retirement income will last?

Check out this episode as Josh Leonard and Pete Belcastro from the Leonard Advisory team explore the essential elements of retirement preparation. They delve into the “three baskets” strategy, which includes the cash, income, and growth categories. Emphasizing the necessity of an emergency reserve, they discuss allocating funds for predictable costs through secure investments and the importance of long-term growth strategies to manage significant future expenses such as healthcare.

Josh and Pete discuss: 

  • Why is comprehensive retirement planning important
  • What are the three baskets in retirement planning
  • How do stable investments ensure a steady income stream during retirement
  • What role do different financial buckets play in providing insulation and protection for retirement savings
  • And more

Resources:

Connect with Josh Leonard: 

Connect with Pete Belcastro: 

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Managing the Unpredictability in Market Predictions for Investment Planning with Pete Belcastro, CFP® (Ep. 34)

Managing the Unpredictability in Market Predictions for Investment Planning with Pete Belcastro, CFP® (Ep. 34)

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Can current market predictions be as off the mark? How do long-term investment strategies and emotional management play into market unpredictability? How do unexpected market outcomes challenge current forecasts?

Listen in as Josh Leonard and Pete Belcastro, Financial Planner at Leonard Advisory Group, dive into what the market’s been up to and look back at some of the surprises from last year. They tackle the whole issue of bank failures and what that means for our wallets.

Josh and Pete discuss: 

  • Why are market predictions not always the most reliable
  • Where has the impact of bank failures been felt in the economy
  • What is the influence of interest rate changes on the economy
  • Why is it important to have a long-term investment plan and manage emotions during market fluctuations
  • And more

Resources:

Connect with Josh Leonard: 

Connect with Pete Belcastro: 

About our Guest: Pete is a seasoned Financial Planning professional with over 15 years of diverse experience in financial, business, sales, and marketing domains. Presently, Pete serves as a financial planner, specializing in helping clients make decisions that align with their current and future financial requirements. His extensive career includes roles as an independent advisor, a registered assistant, and a licensed banker, providing him with a broad spectrum of financial expertise.

Pete’s belief in the value of a multifaceted background is rooted in his conviction that it enables him to offer clients a distinctive and ultimately more effective perspective when it comes to future planning and goal setting. He firmly believes that a comprehensive understanding, not just of financial matters but also of clients and their individual needs and desires, is the cornerstone of a robust financial plan. This holistic approach underscores his commitment to delivering the strongest financial solutions for his clients.

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Practical Tips for Traveling (Ep. 22)

Practical Tips for Traveling (Ep. 22)

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Dreaming of world travel but unsure how to do it safely?

In this episode, Josh Leonard dives into how you can transition into a retirement life filled with safe, intentional travel. Learn how to embrace the excitement of exploring new places while also ensuring your safety, health, and financial well-being.

We’ll cover:

  • Blending in and maintaining a low profile while traveling
  • The importance of having an emergency plan and what it should include
  • The essentials of a travel first aid kit
  • The need for short-term travel insurance and its implications
  • Why digital copies of your important documents are vital and how to securely manage them
  • The pros and cons of solo travel and maintaining connections back home
  • Strategies to stay sharp, alert, and aware, minimizing risks during your travels
  • The significance of an emergency cash stash and how it can be a lifesaver
  • And more!

Resources:

Connect with Josh Leonard: 

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5 Reasons to Ignore the Market When You Retire (Ep. 19)

5 Reasons to Ignore the Market When You Retire (Ep. 19)

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Are you worried about the market affecting your retirement plans?

In this episode, Josh Leonard talks about five reasons to ignore the market when you retire. He explains each reason and emphasizes the importance of the corresponding retirement planning steps. But ultimately, it’s all about sticking to a long-term plan. Just like climbing a mountain, reaching the peak doesn’t mean you’re done. Your investments need time to grow. So, relax and tune in to learn more about creating a solid financial plan so you can ignore the market.

The 5 reasons Josh discusses: 

  • You still have a long timeline
  • You have planned for your retirement income
  • You can reduce market risk with a proper tax plan
  • Planning for market corrections
  • You have an ample emergency fund

Resources:

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Important Life Lessons Learned: Father’s Day Edition With Bill Leonard (Ep. 18)

Important Life Lessons Learned: Father’s Day Edition With Bill Leonard (Ep. 18)

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Father’s Day is a great time of the year to reflect on some of the most important life lessons and skills you have learned over the years.

In this episode, Josh Leonard invites a VERY special guest on the show, his father, Bill Leonard! Together they discuss some of the unforgettable life lessons and mindset-altering moments that made them into the fathers, professionals, and family men they are today.

Josh and Bill discuss: 

  • The mindset each of them was taught about work early in life and how it influenced their work ethic
  • How they curated a lifestyle that allows them to be at most, if not all, their kids’ ball games (and how you can too!)
  • Some advice for new parents and how to discover your child’s unique skills and interests throughout their development
  • Strengthening your family’s structure 
  • And more

Resources:

Connect with Josh Leonard: 

About Bill Leonard: 

William Leonard founded Leonard Advisory Group to fill in the gaps he saw when helping his mother plan for retirement. Bill focused much of his career on the insurance and annuity industry. As an independent advisor, he helped thousands of retirees and pre-retirees face the financial challenges that lie ahead with confidence. Since 1996, Bill has worked in a variety of capacities, gaining valuable experience with insurance. In 2007, he became an independent consultant, focusing on income protection and retirement planning. Bill was an honorary host of the “Protecting Your Profits” radio show on 94.5 3WS Pittsburgh and a weekly guest on the national broadcast “Financial Safari” radio show heard locally on NewsTalk 104.7 FM. He has also been featured on WISR 680 AM and WORD FM. In his free time, Bill enjoys traveling, boating, skiing, hiking, biking, restoring antique vehicles, and spending quality time with family, friends, and clients. He has been married to his wife, Cindy, for almost 40 years. They have three children: Zach, Josh, and Zoey, as well as a crazy border collie named Sweep. After over 25 years of assisting families transition into retirement Bill is excited to transition himself into retirement at the end of 2022.

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