Episodes

In this podcast episode of MCM Wealth discusses the complexities of giving financial gifts to adult children. The episode begins by contrasting the economic realities of the post-World War II generation with those of millennials and Gen Z, noting that factors like high housing costs and student debt make it more challenging for younger generations to build wealth. This context highlights the more common need now for parents to provide financial assistance to their adult children. The conversati...

This podcast, “Making Advisor Meetings Productive,” highlights the crucial importance of treating advisor meetings like doctor’s appointments due to their significant financial implications. Key advice includes involving all relevant family members, preparing thoroughly with questions, and not hesitating to ask for clarifications on complex terms. The episode also covers the necessity of transparent fee discussions, scheduling meetings for major life events, and leveraging technology like docum...

Kirk Loury, MCM Wealth’s portfolio and wealth strategist, explores common financial missteps, emphasizing why these errors should not be overlooked and how individuals can learn from them. The conversation covers practical strategies for analyzing past mistakes, rebuilding financial confidence, and developing a realistic recovery plan. The episode also highlights the crucial roles of disciplined budgeting, personal accountability, and the value of professional financial advice in securing one’s...

Kirk Loury, a portfolio and wealth strategist, delves into the realm of behavioral investing. This field examines how cognitive biases, or the way our brains process thoughts, influence our financial decisions and investing behavior. Loury introduces key behavioral biases, starting with loss aversion, which is the tendency for the fear of losing money to have a greater impact on decisions than the prospect of gaining. This often leads investors to hold onto losing investments for too long, hopi...

The podcast episode explores investment risk, emphasizing a view based on probabilities rather than just harm or danger. Key concepts discussed include market risk, unsystematic risk, inflation risk, interest rate risk, liquidity risk, and concentration risk. Measuring risk involves understanding standard deviation (volatility) and managing downside risk. The discussion differentiates between risk tolerance (influenced by personal circumstances and time horizon) and risk capacity (financial abi...

Ever wondered how risk can transform into success? Maybe you’ve been dodging risk, thinking it’s synonymous with danger. But is that the whole story when it comes to investing? Join MCM Wealth’s strategic advisor Kirk Loury as he flips the script on investment risk. Dive into an eye-opening discussion on how understanding investment risk can pave the way to more informed decisions. Kirk redefines risk by focusing on managed probabilities, offering valuable insights into investment strategies tha...

Welcome to today’s episode, where we dive into the insidious world of wealth leaks—the small, often unnoticed financial drains that can snowball into significant setbacks over time. Kirk Loury, Portfolio and Wealth Strategist at MCM Wealth will help you uncover the hidden culprits behind these leaks. From taxes and investment fees to overspending and inflation, Kirk guides us through the layers of risks that threaten even the healthiest portfolios, and explores practical strategies to plug these...

What makes a solid investment strategy? Kirk Loury, Portfolio and Wealth Strategist at MCM Wealth unravels the complexities of the core satellite portfolio structure. Discover how this approach balances risk and growth by blending a stable core with dynamic satellite investments for long-term success. Kirk discusses: The basic principles of the core satellite portfolio structure The importance of distinguishing short, mid, and long-term portfolios Why the core holds stable assets like S&P 500 I...

What does ESG mean for your investments? Kirk Loury, Portfolio and Wealth Strategist at MCM Wealth explores the world of ESG (Environmental, Social, Governance) investing. Discover the buzz around these new investment trends and why the conversation is more relevant today than ever Kirk discusses: The evolution of ESG and passion investing How ESG differs from traditional investing Key environmental, social, and governance factors considered in ESG investing The potential benefits and challenge...

What does it mean to prepare for the future? Kirk Lowry from MCM Wealth explores the intricacies of long-term care. He digs into crucial discussions about risk management and preparation, guiding you on how wise decisions today can shape a better tomorrow. Kirk discusses: Different types of long-term care services and the varying intensity levels of care needed The sandwich generation’s responsibilities and how they navigate caregiving roles Funding long-term care, essential legal documents, an...

What kind of digital legacy will you leave behind? How will your beneficiary or executor gain access to your digital legacy after you pass away? In this episode, portfolio and wealth strategist at MCM Wealth, Kirk Lowry, dives into the complexities of digital assets, from preserving cherished family photos to securing cryptocurrency for future generations. Tune in to learn why digital assets hold value beyond money and how to protect them, ensuring your digital footprint lives on as part of your...

Why is getting a business valuation crucial for your company’s future? Most often, business owners overestimate the value of their company. Knowing the actual value can significantly affect their ability to retire and the lifestyle they’ll lead. In this episode, Max Friar, Managing Partner at Calder Capital, discusses the intricacies of business valuation with David Coit, Director of Finance and Valuation at Vertess Healthcare Advisors LLC. They explain why understanding the true value of your b...

It takes due diligence to ensure your investments are as protected as possible. In this episode, Bob Hoyt, President and Investment Committee Chairman at MCM Wealth, and Soren Peterson, AMP 1 Research Analyst, dive into the intricacies of due diligence and its critical role in constructing robust investment portfolios. They explain how the MCM Wealth team conducts thorough due diligence, what factors they consider, and how they mitigate risks to enhance the profitability and stability of investm...

Have you ever wondered how your worries could actually work to your advantage? In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines talks about transforming your worry list into a tool for financial and personal growth. In this episode, you’ll learn the psychology behind worry, how to balance it with hope, and practical steps to mitigate financial risks. Kirk discusses: Understanding the psychology and evolutionary roots of worry The im...

Are you struggling to take control of your finances? In this episode of MCM Wealth, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines talks about the top five things you can do to control your wealth. Learn about the BREAD approach – budgeting, understanding investment roles, educating yourself, engaging with your advisors, and fostering open dialogues with loved ones – and how it can transform your financial outlook. No matter where you are in your f...

Did you know that a significant number of business owners experience a sense of guilt in retirement? Charis Santillie, a renowned Fulfillment and Life Transition Coach, explores the journey towards finding lasting fulfillment during major life changes, particularly focusing on business owners transitioning towards retirement or a new career. Charis dives into the importance of not just navigating transitions tactically but ensuring these changes pave the way for an enriching next chapter of life...

Are you prepared to navigate the complexities of an unsolicited buyout offer? In this episode, Bradley Smith, Managing Director and Partner of VERTESS, dives deep into the intriguing world of business sales and acquisitions and covers nuanced strategies that could ensure your business fetches its utmost value when receiving buyout offers. Brad explores how to navigate these offers, the importance of finding the right buyer, and strategies to ensure you get the best value for your business. Wheth...

How can a carefully planned succession pave the way for a successful business transition? Today on the MCM Wealth Podcast, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines talks about the importance of succession and exit planning for business owners, highlighting the key differences and the main objectives, providing valuable insights to ensure a smooth transition for both the big boss and the business. Kirk discusses: Succession planning: Understa...

Every business owner needs to exit their business eventually. So, what does that process look like, and how can it be carried out efficiently? Today on MCM Wealth, Max Friar, Managing Partner at Calder Capital, LLC, discusses the intricacies of selling a business. Max goes into the strategies of creating a market for business sales, the challenges owners face, such as overvaluation, and the importance of understanding their motives. He also outlines Calder Capital’s role in vetting potential buy...

Are you planning to sell your business, but don’t know where to start? MCM Wealth can help! In this episode, Geoff Hakim, CEO of MCM Wealth, discusses the challenges business owners face when planning to sell their companies. He details MCM Wealth’s comprehensive exit strategy program, which includes a team of specialty partners to guide owners through the sale process, from discovery to deal documentation. The program also addresses tax mitigation and offers CEO coaching. Geoff highlights the i...

Can we accurately predict the future? Today, we’re going to learn about forecasting follies. In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines talks about the importance and limitations of forecasting. He highlights the unpredictability of certain factors and the dangers of forecasters making declarative statements with unwarranted certainty. Kirk explains why we should approach forecasts with skepticism, consider the source and metho...

Can financial security lead to true prosperity? In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines picks up where he left off in the last episode about the main thing, financial security, and expands on it to include financial prosperity. He defines prosperity as thriving in life and being successful in various aspects, not just economically, and emphasizes that financial security allows individuals to take risks and meet their priorit...

What impact does financial security have on your life, and how can you achieve it? Well, first we need to define it. In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines, talks about the main thing, financial security. Kirk explains what financial security means, why it’s important to wealth planning, and highlights that it’s not just about wealth, but the freedom to focus on what’s important in life. He emphasizes the role of planning a...

2023 is coming to an end and 2024 is right around the corner! How can we prepare ourselves, our financial plans and our investment portfolios for the upcoming year? In this episode, Kirk Loury, Portfolio Strategist at MCM and Managing Member of Advisable Wealth Enginges, talks about the various documents we need to review in order to prepare for next year. He goes over what the wealth, financial and investment plans are and explains their differences and how they work together. Kirk then dives i...