Episodes

Imagine having your home paid off before retirement! In today’s episode, Royal Standley of Oregon Pacific Financial Advisors looks at how home ownership fits into your financial plan. Royal strives to help build a financial plan that includes paying off your mortgage. In this episode, you will learn: How home ownership integrates into your financial plan How to look at it as buying an asset that historically appreciates Why you should create a balance of paying off your mortgage and saving for ...

Planning for your future can be tough, but it’s important to make sure that you have everything covered. Do you have plans in place for long term care needs? In today’s episode, Royal Standley discusses everything you need to know about long term care insurance and why it’s important to make sure you consider planning for the unexpected. In this episode, you will learn: What planning ahead can do for you to ensure your dream retirement Breaking down the misinformation about long-term care The t...

There is never a perfect time to start, so why not start now? In today’s episode, Royal Standley of Oregon Pacific Financial Advisors shares his experience on setting goals. Whether you are looking to set short-term or long-term goals Royal explains ways to implement goal setting tactics into your financial life, career, family or health. In this episode, you will learn: Why Royal believes goal setting is important What the different types of goals are What S M A R T goals represent and how to ...

Royal Standley introduces us to Emma Nelson, Associate Financial Planner, at Oregon Pacific Financial Advisors, Inc. In this episode Royal and Emma share how she entered into financial services and why she enjoys helping people build the financial resources to live their lives to the fullest. Emma also discusses her passion projects, favorite winter activities, her financial philosophy, and plenty more! In this episode, you will learn: What leadership traits Emma brings to Oregon Pacific What f...

A coach is somebody that’s in it with you, for you and looking out for your best interests. In today’s episode Royal Standley introduces us to James Monroe, Financial Planner and Retirement Plan Specialist, who joined the team at Oregon Pacific Financial Advisors in March 2019. James shares how he got into financial services, what brought him to Oregon, the community projects he is passionate about and plenty more! In this episode, you will learn: How James’ extensive background transitioned in...

We don’t know where or when the next natural disaster is going to take place. In today’s episode Royal Standley shares what it looks like for clients who have lost everything in the Oregon fires. Royal helps explain the replacement coverage you need from your insurance policy and things you can do to try and help prepare for the next event. In this episode, you will learn: How important it is to discuss different situations with your Insurance provider regularly What you should know in a “Sudde...

Are you looking for the answers to your questions on Roth 401(k)? Join Royal as he unravels the information to help you understand your retirement savings. In this episode, Royal Standley explains the differences between IRAs and Roth IRAs. Should you look at converting? Royal helps explain the different types of money and your options. You will learn: The differences between a Roth, 401K and IRA The limitations that are set on your retirement investments How important a financial planner is wh...

Election time is coming fast. How will the outcome of the 2020 U.S. election affect the market and your portfolio? In this episode, Royal Standley explains how the market typically reacts to a newly elected president and throughout a presidential term. Royal discusses what we saw with the markets during President Donald Trump’s term and what to consider, from an economic and financial perspective, about potential outcomes of the next election. You will learn: The historical impact that presiden...

So, you’ve landed your first job, you get your first paycheck, now what do you do with your money? How do you set yourself up for financial success? In this episode, Royal Standley discusses the importance of setting yourself up for success by setting habits and taking early steps for a financially secure life. In this episode, you will learn: What to discuss with your advisor if you’ve just entered the working world When you should start working with an advisor The importance of creating healt...

A lot of people are planning to retire in 2020. Maybe you’re one of them. In light of COVID-19, would it be better for you to semi-retire, postpone it completely, or go ahead and retire full time? In this episode, Royal Standley helps you plan for your next move during this global pandemic. He walks you through retirement options and explains how to evaluate your financial situation so you can make a safe and informed retirement decision. In this episode, you will learn: What to consider if you...

If you’re ready to move from learning about 401(k) basics to seriously considering how you will structure your business’s retirement plan, this episode is for you. In this episode, Royal Standley shares what business owners need to know when they’re evaluating a retirement plan for their business. Royal walks you through the roles that go into a 401(k), underlying investment options for employees, and what role a financial advisor should be playing in the process of structuring and implementing ...

Are you a business owner or a plan sponsor that’s looking to set up a retirement plan? In this episode of Life By Design Podcast, Royal Standley dives deep into the different retirement plan options and shares the key features of each. In this episode, you will learn: The three types of 401(k)s and how they each work The difference between a defined contribution and a defined benefit plan The benefits of having a 401(k) with a profit-sharing option Why IRAs are an incentive for younger people A...

Are you curious about financial advisors and how they can help you? Do you know how to tell if you need one — and how to find the right one? These are just a few questions that Royal Standley receives on a regular basis by new and prospective clients alike. Today, Royal is sitting down to answer some of these frequently asked questions, all the while highlighting the importance of working with an expert. In this episode, you will learn: The benefits of working alongside a financial professional...

Do you think COVID-19 will change the way the world functions technologically, socially, financially or economically? In this episode of The Life by Design Podcast, Royal Standley shares his tips for financial recovery so that you can be prepared for whatever the new “normal” may look like. In this episode, you will learn: How to plan to recover from the current state of the market How business owners and industry have been impacted The importance of evolving workplaces and technology to work f...

How has your financial plan been affected by the recent downturn in the market? In this episode of The Life by Design Podcast, Royal Standley suggests how to plan and prepare for times when the market is experiencing decline. In this episode, you will learn: Various potential reasons for an economic decline How to separate emotions and finances What capitulation is and why you should selling when the market is low The impact of time in financial portfolios And more! Tune in today to hear how t...

In response to the COVID-19 pandemic, the American government has recently passed the CARES Act that will allow millions of people to access different benefits during this challenging time. In this episode, Royal Standley breaks down the different types of government assistance that Americans will now have access to, spanning from unemployment and student loan considerations to an extended tax filing date. In this episode, you will learn: The pros and cons of the CARES Act How to qualify for re...

In this special episode, we share updates on how we are responding to the COVID-19 situation, how we’re assisting our clients, and what actions we’re advising investors to take during this time of uncertainty. Tune in now to learn how the markets are being affected and what we’re doing to help clients during this tumultuous time. Resources: Oregon Pacific Financial Advisors Inc. Discussions in this show are for educational purposes only. The information presented should not be considered specifi...

Do you have the right type of insurance plan and amount of coverage for your family’s needs? In this episode, Royal Standley and James Monroe of Oregon Pacific Financial Advisors walk you through different life insurance policies. This down-to-earth conversation is all about helping you figure out which policy will give you the coverage you need to maintain you and your family’s lifestyle. In this episode, you will learn: How James uses a DIME method as a starting point to calculate life insura...

Reaching the 25-year mark is a tremendous feat for a small business. The silver anniversary of Oregon Pacific Advisors calls for a celebration! In today’s episode, Royal Standley walks down memory lane as he talks about the story of Oregon Pacific Advisors, the secrets behind their staying power, and how he predicts each generation’s planning needs will change over the next 25 years. In this episode, you’ll learn: The story of how three advisors joined forces to start Oregon Pacific Advisors Wh...

The term “guaranteed income” sounds stuffy. But what this mini-series is really focused on is helping you consider your options for recreating your paycheck during retirement. In the final part of this series, Royal Standley walks you through more options for guaranteed retirement income. You will learn about money-savings pension tips, the pros and cons of different annuities, and plenty more! In this episode, you’ll learn: Words of caution when choosing survivorship options in a pension Advan...

Your retirement will be made up of many different pieces from social security to 401(k)s and everything in between. Do you know how to fit them all together to make it work best for you? In this episode, Royal Standley educates us on the many variables involved with solving the retirement puzzle. Using client examples he walks us through how your career choices may impact your long term plans and why working with a professional can help you see the forest for the trees. In this episode, you’ll l...

The recently approved SECURE Act has brought significant changes to the retirement system in the U.S. It’s time to explore these changes and discuss your new planning opportunities. In this episode, Royal Standley cracks open the SECURE Act to explain what changes are in effect and what they might mean for your retirement plan. In this episode, you’ll learn: How the death of the stretch IRA will impact the heirs of IRAs Why Royal believes that the new RMD age opens up planning opportunities Whi...

Have you ever considered writing a legacy letter for your loved ones? In this episode, Royal Standley shares client examples and his own personal example of how a meaningful legacy letter can add heartfelt value to an estate plan. After all, passing along words of appreciation, thoughts, and intentions to your loved ones will stay with them a lot longer than any amount of money ever will. In this episode, you’ll learn: About the benefits of using a trust Why it’s important to have an advanced d...

When planning for retirement, the conversations you have with your advisor may focus only on the financial side of this new life stage. Sometimes, advisors fail to communicate that there is also an emotional side of retirement that can be challenging for some people. In this episode, Royal Standley helps you remove some of the uncertainty around this subject, and he discusses general challenges that many people experience when transitioning to this new chapter. In this episode, you’ll learn: So...