What happens when life’s unexpected events test your financial preparations?
In this episode of the Financial Puzzle Playbook, Jim Sumpter explores the often overlooked yet vital components of financial planning: insurance and estate planning. How do these pieces fit into your financial puzzle, especially when life throws the unexpected your way? Discover through real-life stories how proactive planning can prevent major financial pitfalls.
Jim Sumpter, CFP®, discusses:
(01:17) The importance of having all documents in place to mitigate unexpected events
(02:17) Ensuring beneficiary details are current and accurately reflect your intentions
(07:46) Understanding why a will is just one part of your estate planning strategy
(19:57) Real scenarios emphasizing the necessity of comprehensive financial planning
Are your financial decisions guided more by emotion than reason? Discover how understanding your financial behaviors can transform your money management skills.
In this episode, Jim Sumpter, CFP®, is joined by Brendan Frazier, Chief Behavioral Officer at RFG Advisory. They explore the often-overlooked psychological and emotional aspects of financial planning. You’ll learn why cash flow is the lifeblood of your financial plan and how small, incremental changes can lead to significant improvements in managing your finances. Brendan shares insights into behavioral barriers that often keep us from making the best financial decisions and offers strategies to help overcome them.
Jim and Brendan discuss:
(02:49) The psychology of money
(08:12) Common resolutions and the challenges in keeping them
(12:58) Why cashflow is the foundation of a financial plan
(22:11) Overcoming procrastination in estate planning
(31:38) How past financial decisions influence future choices
And more
Join us to unravel the mental and emotional puzzles that impact your financial journey.
Are you prepared for life’s ultimate certainties? Join us as we demystify estate planning with attorney Alex Priester, helping ensure you and your loved ones are protected.
We’re discussing some of the critical components of estate planning—wills, powers of attorney, and medical directives. Alex Priester, a seasoned estate planning attorney, walks us through the essentials, explaining why these documents are vital at every stage of life.
From young families to retirees, we cover practical advice and real-life examples, helping you navigate the complexities of estate planning.
Episode discussion points include:
Learning the who, what, and why of wills, and why they’re crucial for protecting your assets and loved ones
Discovering the importance of having a power of attorney for both financial and healthcare decisions
Understanding how medical directives go beyond a simple DNR, ensuring your healthcare wishes are respected
Why estate planning isn’t just for retirees & why young adults, parents, and mid-life professionals also need comprehensive estate plans too
Alex, a native of Huntsville, Alabama, graduated from The University of Alabama School of Law in 2020 with her J.D. and LL.M. in Taxation.
During her time in law school, Alex was awarded The University of Alabama Federal Tax Clinic Scholarship and the Justice Janie L. Shores Scholarship. Alex received awards for best paper in each of her tax courses including Personal Income Taxation, Capital Gains Transactions, Corporate Transactions, Civil Tax Procedure, and Business and Accounting Ethics. Alex was inducted into the Bench and Bar Legal Honor Society and served as an ambassador for future and incoming students of The University of Alabama School of Law.
In addition to her academic studies, Alex served as a member of the Public Interest Student Board and was awarded the Dean’s Community Service Award, the Student Pro Bono Award, and the Order of the Samaritan for her pro bono and law-related volunteer work.
Alex lives in Leeds with her husband, Jake Hoogstra, and their 4 “furkids.” Her hobbies include reading, baking, traveling, and golfing with her dad.
The name ‘CMC’, the different financial puzzle pieces, and our bright color scheme of teal, green, pink, and yellow — they all are an essential part of our brand.
But how did it all come together?
Let’s take a look at the origins of the CMC Financial brand with your host Jim Sumpter, CFP®. In this episode, Jim takes listeners behind the scenes and shares his journey of becoming an independent advisor and how he involved his kids in the branding process.
Jim discusses:
A recap of the six essential financial puzzle pieces
The intertwined nature of financial decisions (with examples)
A little about the lives of his three dearly loved kids: Carson, Madison, and Cassidy
