Tag: Debt Management
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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Navigating the Financial Maze for Veterinarians (Ep. 6)

Navigating the Financial Maze for Veterinarians (Ep. 6)

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Ever wondered how veterinarians navigate the maze of student loans? 

Let’s unravel this mystery in the latest episode of the ‘Making Hay’ podcast with Marcia Miller as she welcomes back Matt Byars. Together, they share crucial insights and personal experiences that could change the way you think about your financial future. Discover why early financial planning isn’t just smart, it’s essential.

Key Highlights:

  • The difference between government and private student loans, with a focus on interest rates and repayment terms
  • The importance of budgeting and financial planning for debt repayment without compromising on life’s pleasures
  • An analysis of veterinarians’ debt-to-income ratio compared to national averages, highlighting better management potential due to higher starting salaries
  • Strategies for recent graduates and seasoned professionals to effectively manage and reduce student loan debt
  • The power of negotiation for a higher salary to improve the debt-to-income ratio
  • Practical advice for living within means and aiming to pay more than minimum on loans
  • The importance of avoiding unnecessary borrowing and investing wisely
  • Encouragement to seek professional financial planning help early in one’s career
  • And much more!

 

Resources:

Connect with Marcia Miller: 

Connect with Matthew Byars: 

 

About Matthew Byars: 

Matthew’s road to wealth management started in college, when he was majoring in Finance at UAB. There, he found his passion for the technical side of business, asset management, and the many other aspects of finance. From there, he knew that he wanted to pursue a career building value through the skills that I had developed in my studies, so he decided to go to business school at Clemson.

After earning his MBA, Matthew was fortunate to pursue an opportunity to realize one of his dreams to work on the institutional side of asset management for the London Stock Exchange in both Charlotte and New York City. After spending 5 years working in that field, he realized that there was something missing.

Matthew  decided to move back to Birmingham and pursue a career in wealth management and  was lucky enough to connect with Marcia. They work as a team. Marcia has been serving clients for over 25 years and Matthew brings institutional experience that gives clients insight and access to some of the technical skills that traditionally only corporations have had access to, really helping them to bring a holistic experience to their clients.

Outside of the office, Matthew’s main priority is spending time with his wife Amanda and their golden, Charlotte. In his free time, Matthew likes to go golfing and spend time with his friends and family at the lake.

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