Category: Financial Management
Balancing Financial Wisdom and Emotional Well-being with Brendan Frazier (Ep. 19)

Balancing Financial Wisdom and Emotional Well-being with Brendan Frazier (Ep. 19)

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Achieving financial success involves understanding and managing your financial decisions, which can be influenced by your emotions and behaviors.

How can you improve your relationship with money while staying true to your values?

In this episode, Marcia Miller chats with Brendan Frazier, the Chief Behavioral Officer at RFG Advisory, about mastering the emotional and psychological aspects of money management. 

With over 25 years in financial services and additional insights from Brendan’s Human Side of Money podcast, you’ll learn strategies to shift from saving to spending and ways to incorporate behavioral finance into your financial planning.

They discuss: 

  • Strategies for shifting from being a saver to a spender in retirement
  • The importance of mental accounting in achieving financial goals
  • How clarity and vivid visioning can change your financial behavior
  • Identifying and aligning your life’s purpose with your financial decisions
  • And more!

Resources:

Connect with Marcia Miller: 

Connect with Brendan Frazier:

About our Guest: 

Brendan Frazier is the Chief Behavioral Officer at RFG Advisory. He joined RFG after founding Wired Planning, a global training platform for financial advisors. Brendan utilizes his knowledge in behavioral finance to assist RFG advisors and their clients. He holds a BBA in Marketing from Belmont University.

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Creating a Lifestyle Veterinary Practice with Dr. Eve Harrison (Ep. 18)

Creating a Lifestyle Veterinary Practice with Dr. Eve Harrison (Ep. 18)

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The thought of starting your own veterinary practice can be daunting, especially if you have already experienced the fast-paced work ethic needed in the veterinary field.

Although that may sound stressful, with the right guidance, opening your own practice could offer you more freedom and time to pursue your other passions.

Join your host Marcia Miller, CEP®, RFC® as she speaks with Dr. Eve Harrison, founder of The House Call Vet Academy. Uncover the balance between professional and personal life, the concept of a lifestyle practice, and the steps veterinarians can take if they feel overwhelmed or unhappy in their current roles. Eve shares her journey from burnout to building a sustainable and fulfilling mobile practice, emphasizing the importance of setting boundaries and seeking support. 

Marcia and Eve discuss: 

  • The definition of a ‘lifestyle veterinary practice’ and how it can prevent burnout
  • Eve’s personal story of transformation from a traditional practice to a fulfilling house call practice
  • The importance of financial planning and seeking professional support when considering a shift in your veterinary career
  • The House Call Vet Academy and the resources it offers for building a successful house call practice
  • And more!

 

Resources:

Connect with Marcia Miller: 

Connect with Dr. Eve Harrison: 

 

About Our Guest: 

Dr. Eve Harrison is the founder of The House Call Vet Academy. 

After graduating from vet school, Eve spent years immersed in the demanding environments of clinics, hospitals, emergency rooms, and operating theaters. The long hours left her feeling burnt out, nearly prompting her to abandon the profession altogether. Struggling with an imbalanced work-life situation, she realized the necessity of finding a more sustainable approach to caring for her patients, their caregivers, and herself.

Driven by this realization, she made the decision to establish her own house call veterinary practice, adhering to her personal vision. Today, Eve provides a nurturing and supportive environment, guiding others in crafting their own distinctive veterinary practices, tailored to their individual preferences and principles.

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How Long-Term Care Insurance Can Help Safeguard Your Future with Alecia Barnette (Ep. 17)

How Long-Term Care Insurance Can Help Safeguard Your Future with Alecia Barnette (Ep. 17)

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Are you prepared for the potential need for long-term care?

Listen in as Marcia Miller sits with special guest Alicia Barnett, a certified specialist in long-term care as they discuss essential aspects of long-term care insurance. This episode covers different types of insurance, common misconceptions, and the importance of integrating these plans into your financial strategy. Learn how early planning and the right choices can ensure financial stability and family harmony when long-term care is needed.

Key Highlights:

  • Exploring Insurance Options: Discover the pros and cons of traditional vs. asset-based long-term care policies
  • Overcoming Challenges: Learn why older traditional policies might still be your best bet
  • Professional Advice: Find out why keeping your current policy could save you in the long run
  • Dispelling Misconceptions: Uncover the hidden costs of self-insuring and how to protect your family
  • Planning Ahead: See why integrating long-term care into your financial plan is essential
  • Tax Benefits: Explore how long-term care insurance can save you money on taxes
  • Timing is Key: Discover why buying long-term care insurance young is a smart move
  • Simplifying Underwriting: Find out which type of policy has the most flexible underwriting
  • And much more!

 

Resources:

Connect with Marcia Miller: 

Connect with Alecia Barnette: 

 

About Our Guest: 

An Appalachian State and Gardner-Webb alumna, Alecia is a national speaker with over 20 years of care planning experience, highlighted by her Certification for Long-Term Care (CLTC).

Alecia began working as the Health Marketing Director at The Insurance Center in Charlotte, NC in 1995. Three years later, The Insurance Center and Financial Independence Group, Inc. merged; overseeing the entire transition and bringing our health insurance business to unprecedented heights. Now the Senior Vice President in the Care Planning department, Alecia’s 20+ years of experience is evident to advisors across the country.

Specializing in providing asset-based LTC case designs to highly successful advisors, Alecia’s main purpose is to assist advisors in protecting their clients and their client’s families from the physical and emotional consequences of unexpected care needs.

Alecia’s use of holistic approaches and strong ethics – along with her desire to grow and solid commitment – make her an invaluable asset to any financial advisor seeking care planning assistance.

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How to Choose the Right Financial Advisor for Your Business with Matt Byars (Ep. 16)

How to Choose the Right Financial Advisor for Your Business with Matt Byars (Ep. 16)

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Are you sure you’ve got the right financial advisor to help navigate your veterinary practice’s future?

Join host Marcia Miller along with Matt Byars as they dig into the critical questions you should ask before hiring a financial advisor, and what to expect once you’re in the partnership. Tune in to hear their personal stories from the clinic and beyond, and discover why alignment, transparency, and trust are as crucial in finance as they are in vet med.

Marcia and Matt discuss: 

  • Important details to ask a possible advisor about such as education, experience, and investment philosophy
  • The importance of clarifying the services offered by advisors
  • How to ask about and understand advisor compensation structures
  • Meeting frequency and general communication for maintaining a healthy relationship and financial plan
  • And more

 

Resources:

Connect with Marcia Miller: 

Connect with Matt Byars: 

 

About Our Guest: 

Matt Byars is a seasoned wealth management professional currently working at RFG Advisory whose journey began with a Finance major at UAB, followed by an MBA at Clemson University. He honed his skills on the institutional asset management side for the London Stock Exchange in Charlotte and New York City. Five years later, he realized the missing piece was a connection to community and family, prompting a return to Birmingham.

Now, in collaboration with Marcia, Matt is committed to serving clients in wealth management. Their work over the past few years has been exceptionally rewarding, making a positive impact on clients’ lives. Matt’s expertise, coupled with a genuine dedication to building connections, reflects his commitment to fostering meaningful community relationships.

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Understanding Annuities for Retirement Planning (Ep. 15)

Understanding Annuities for Retirement Planning (Ep. 15)

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Are you curious about annuities but unsure how they would fit into your financial plan?

Let’s clear up the confusion.

Marcia Miller demystifies the world of annuities this week on Making Hay. Follow along as Marcia cuts through the noise and controversy surrounding annuities, revealing their true potential as a tool for retirement planning. Marcia unpacks everything you need to know from the basic understanding and types of annuities, to their benefits and considerations. 

Whether you’re nearing retirement or looking to manage your income streams more effectively, this installment sheds light on how annuities could be a boon to your financial plan, offering examples and real-life stories to illustrate their impact.

Marcia discusses: 

  • What annuities are and their importance in financial planning
  • The four types of annuities and their unique uses
  • How annuities can provide reliability and a steady income stream in retirement
  • Common misconceptions about annuities and the important factors to consider before investing in one
  • And more

 

Resources:

Connect with Marcia Miller: 

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Transforming Financial Organization With Prismm featuring Martha Underwood (Ep. 14)

Transforming Financial Organization With Prismm featuring Martha Underwood (Ep. 14)

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Are you ready to take control of your financial legacy and prepare for your family’s future with cutting-edge technology?

Tune in to the world of digital vaults with a spotlight on Prismm, an innovative platform that revolutionizes how we manage, protect, and share our most critical financial and personal information. Our guest, Martha Underwood, founder of Prismm, shares her journey from a seasoned tech professional to creating a solution that addresses the urgent need for secure, centralized management of financial assets and vital documents. As they unpack the challenges and opportunities of the greatest wealth transfer in history, you’ll learn how Prismm is empowering individuals and families to safeguard their financial legacies with unparalleled security and ease!

Marcia and Martha discuss: 

  • Practical uses of Prismm in everyday life, from managing personal assets to simplifying complex business needs
  • The evolution and future of digital vaults for finance
  • Understanding the role of digital vaults, specifically in regard to in the current and largest wealth transfer in history
  • Security features that make Prismm a trusted platform for housing sensitive documents and financial information.
  • A sneak peak into upcoming features being added to Prismm
  • And more

 

Resources:

Connect with Marcia Miller: 

Connect with Martha Underwood: 

 

About Our Guest: 

Martha Underwood boasts over 8 years of extensive experience as a founder, leader, and speaker within the realms of technology and innovation. She is the visionary behind GetPrismm.com, a pioneering platform designed to facilitate the secure storage and accessibility of vital documents in anticipation of unforeseen circumstances. Her overarching goal is to spearhead the evolution of seamless wealth transfer processes, equipping individuals with the tools to meticulously plan their legacies.

Her fervor for disseminating insights and expertise regarding women’s leadership in the spheres of technology and innovation is palpable, making her a sought-after figure in the business landscape.

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The 3 Phases of Retirement, Part 3: The Retirement Phase with Matt Byars (Ep.13)

The 3 Phases of Retirement, Part 3: The Retirement Phase with Matt Byars (Ep.13)

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Don’t think of retirement as just a destination, but as the next exciting chapter of your life!

In this final installment of the 3 part series, the 3 Phases of Retirement, Marcia Miller and Matt Byars focus on the pivotal moment when one retires. Their conversation unwraps the layers of financial stability and fulfillment in retirement, offering insights and strategies curated for those standing at the brink of this significant life transition or already embracing it. Unpack the essence of comprehensive planning, income sources, and the often overlooked facets of estate and legacy planning, all tailored to help you live your best life post-work.

Marcia and Matt discuss: 

  • Navigating your finances in retirement from planning, to accumulation, to distribution.
  • Potential income sources in retirement, such as social security and the sale of a practice
  • The vital role of tax-efficient income streams and the impact of sequence of returns on your retirement savings
  • Estate and Legacy Planning: So your wealth serves your intended purpose beyond your lifetime
  • And more

 

Resources:

Connect with Marcia Miller: 

Connect with Matt Byars: 

 

About Our Guest: 

Matt Byars is a seasoned wealth management professional currently working at RFG Advisory whose journey began with a Finance major at UAB, followed by an MBA at Clemson University. He honed his skills on the institutional asset management side for the London Stock Exchange in Charlotte and New York City. Five years later, he realized the missing piece was a connection to community and family, prompting a return to Birmingham.

Now, in collaboration with Marcia, Matt is committed to serving clients in wealth management. Their work over the past few years has been exceptionally rewarding, making a positive impact on clients’ lives. Matt’s expertise, coupled with a genuine dedication to building connections, reflects his commitment to fostering meaningful community relationships.

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The 3 Phases of Retirement, Part 2: The Pre-retirement Phase with Matthew Byars (Ep.12)

The 3 Phases of Retirement, Part 2: The Pre-retirement Phase with Matthew Byars (Ep.12)

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The idea of retirement is both exciting and scary.

If you are curious about how to navigate the transition leading up to retirement with financial confidence, you’ve come to the right place!

This week on Making Hay, Marcia Miller and Matthew Byars explore the essential considerations for pre-retirement planning. They emphasize the shift from saving to planning for cash flow, the significance of diversified money buckets, and the need for health and wealth alignment. Long-term care planning is also addressed as a critical part of ensuring family harmony and financial security. Follow along to equip yourself with the knowledge needed for a successful transition into retirement!

Marcia and Matthew discuss: 

  • Shifting from accumulation to distribution planning for retirement income
  • Strategically allocating funds across various “money buckets” 
  • The interplay between health and wealth in retirement planning 
  • The significance of long-term care planning for family harmony
  • And more

 

Resources:

Connect with Marcia Miller: 

Connect with Matthew Byars: 

 

About our Guest: 

Matt Byars is a seasoned wealth management professional currently working at RFG Advisory whose journey began with a Finance major at UAB, followed by an MBA at Clemson University. He honed his skills on the institutional side of asset management for the London Stock Exchange in Charlotte and New York City. Five years later, he realized the missing piece was a connection to community and family, prompting a return to Birmingham.

Now, in collaboration with Marcia, Matt is committed to serving clients in wealth management. Their work over the past few years has been exceptionally rewarding, making a positive impact on clients’ lives. Matt’s expertise, coupled with a genuine dedication to building connections, reflects his commitment to fostering meaningful community relationships.

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The 3 Phases of Retirement, Part 1: The Accumulation Phase with Matt Byars (Ep. 11)

The 3 Phases of Retirement, Part 1: The Accumulation Phase with Matt Byars (Ep. 11)

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If you are a veterinarian in your 20’s or 30’s, retirement may be far away.

But planning for it shouldn’t be.

Join Marcia Miller and Matt Byars in a compelling episode focusing on the crucial accumulation phase of retirement planning for those who want to feel confident about their financial future. Together, they emphasize creating a strong financial foundation through emergency funds, debt management, and smart investment strategies. By understanding your options and assessing your goals, you can make informed decisions that propel you toward financial success and fulfillment.

Marcia & Matt discuss: 

  • Building Your Safety Net: Learn strategies for establishing and growing your emergency fund.
  • Managing Debt Effectively: Gain insights into effective techniques for managing debt and taking control of your financial future.
  • Optimizing Retirement Planning: Discover how to make the most of retirement savings options like 401k or Roth accounts to secure your financial independence.
  • Unlocking Wealth through Early Investing: Explore the impact of early investing on long-term wealth accumulation.
  • And more

 

Resources:

Connect with Marcia Miller: 

Connect with Matt Byars: 

 

About our Guest:

Matt Byars is a seasoned wealth management professional currently working at RFG Advisory whose journey began with a Finance major at UAB, followed by an MBA at Clemson University. He honed his skills on the institutional side of asset management for the London Stock Exchange in Charlotte and New York City. Five years later, he realized the missing piece was a connection to community and family, prompting a return to Birmingham.

Now, in collaboration with Marcia, Matt is committed to serving clients in wealth management. Their work over the past few years has been exceptionally rewarding, making a positive impact on clients’ lives. Matt’s expertise, coupled with a genuine dedication to building connections, reflects his commitment to fostering meaningful community relationships.

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The Power of 401(k) Plans for Veterinary Practice Owners with Paul Villanueva (Ep.10)

The Power of 401(k) Plans for Veterinary Practice Owners with Paul Villanueva (Ep.10)

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Veterinary practice owners are incredibly busy. The thought of setting up a 401(k) plan is overwhelming and likely low on the ever-growing list of priorities.

In this episode, Marcia Miller sits down with Paul Villanueva, a retirement plan professional, to explore the importance of 401(k) plans for veterinary practice owners. They discuss the evolution of 401(k) plans, the benefits for both employers and employees, as well as the flexibility and simplicity offered by modern 401(k) solutions, specifically provided by Human Interest. The conversation highlights the significance of early retirement planning, the impact on attracting and retaining talent in veterinary practices, and the advantages of Roth options within 401(k) plans. 

Marcia and Paul discuss: 

  • Benefits of 401(k) plans for both employers and employees
  • Modern 401(k) solution options
  • Attracting and retaining talent through employee benefits
  • Comparison of 401(k) plans with IRAs and Simple plans
  • Impact of technology on simplifying and modernizing retirement planning
  • And more

 

Resources:

Connect with Marcia Miller: 

Connect with Paul Villanueva: 

 

About Our Guest: 

Paul Villanueva is currently the Regional Director of the Financial Advisor Channel at Human Interest. He is a highly experienced Director of Partnerships with 25+ years in the financial services industry. A University of Houston graduate, he excels in Securities, Asset Management, Retirement Planning, Mutual Funds, and Management. Paul’s strategic insights and business development prowess have consistently driven success in his dynamic career. 

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