Duffy Health Center Update

Memorial Day Weekend and In the News

Memorial Day Weekend and In the News – With Memorial Day approaching, Chris
Boyd and Jeff Perry reflect on the true meaning of Memorial Day. They highlight the
Cape Cod Cares for the Troops event happening on Sunday, May 26 th (see link below) as
they outline the excellent work done by Michelle and Dylan DeSilva. Chris and Jeff next
discuss that despite recent economic data, most Americans feel like they are living in a
recession (see related story below). Continuing with items in the news, Chris mentions
data from the last week that shows the United States level of national debt is now $34.5T
(see link below)! Chris and Jeff discuss the potential economic and political impacts that
rising debt may have, including rising taxes, entitlement reform, and reduced spending.

http://capecod4thetroops.com/


https://www.cnbc.com/2024/05/22/most-americans-falsely-think-the-us-is-in-recession-
poll-shows.html


https://www.cnbc.com/2024/05/19/soaring-debt-and-deficits-causing-worry-about-
threats-to-the-economy-and-markets.html


For more information or to reach Chris Boyd or Jeff Perry, click the below link:
https://www.wealthenhancement.com/s/advisor-teams/amr

 

What is it worth? The Value of an advisor

What is it worth? – How does one put a value on collaborating with a good financial
advisor? Chris Boyd and Jeff Perry explore this question and more. Chris and Jeff begin
the conversation by outlining the various roles of a financial advisor. Chris explains the
importance of working with a Fiduciary. Jeff suggests a 3-question test before selecting
the right financial advisor. A wide range of topics are discussed including making the
decision when to retire, claiming social security, asset allocation, risk tolerance, estate
planning, tax planning, Roth conversions, retirement cash-flow projections, stress testing
a plan, and avoiding financial mistakes.
For more information or to reach Chris Boyd or Jeff Perry, click the below link:


https://www.wealthenhancement.com/s/advisor-teams/amr

 

Best Night - Cape Cod

Best Night - Cape Cod – Chris Boyd and Jeff Perry welcome Bert Talerman, President
of Cape Cod 5 Bank. The episode starts off with congratulations to Bert for being
recognized with the Visionary Award from the Cape and Islands United Way. Chris
outlines the various efforts the United Way provides funding and services. Bert next
answers Chris’s questions about the current banking environment and economic
conditions on Cape Cod. Jeff expresses appreciation to Bert and Cape Cod 5 for their
efforts to enhance financial literacy. Jeff shares a story of a program offered at the
Barnstable County House of Correction which instructs inmates on basic banking and
personal finance.
For more information or to reach Chris Boyd or Jeff Perry, click the below link:


https://www.wealthenhancement.com/s/advisor-teams/amr

 

8 Ways to become poor in your Retirement

8 Ways to become poor in your Retirement – Chris Boyd and Jeff Perry review
an article which outlines common financial mistakes baby boomers are making in
their retirement years (see link below). Having too much consumer debt, starting
social security too soon, having too much house, not having a realistic budget, and
selling your investments at the wrong time are some of the issues covered.


https://www.gobankingrates.com/retirement/planning/ways-baby-boomers-become-poor-
in-retirement/

For more information or to reach Chris Boyd or Jeff Perry, click the below link:


https://www.wealthenhancement.com/s/advisor-teams/amr

 

Cape Cod Housing Challenges

Cape Cod Housing Challenges – Alisa Magnotta from the Housing Assistance Corp
(HAC) of Cape Cod joins Chris Boyd and Jeff Perry to discuss the numerous housing
related challenges in the region. Alisa reviews the wide range of services and programs
of HAC in attempts to bridge issues between homelessness and homeownership. The
discussion highlights the growing issues of homelessness, including an increasing
number of senior citizens, and the ever-present need for additional workforce housing.
Chris asks Alisa how people can assist HAC with their efforts.
For more information or to reach Chris Boyd or Jeff Perry, click the below link:


https://www.wealthenhancement.com/s/advisor-teams/amr

 

Should you worry about a declining birth rate?

Should you worry about a declining birth rate? –The world is at a startling
demographic milestone. Sometime soon, the global fertility rate will drop below
the point needed to keep population constant. It may have already happened.
Chris Boyd and Jeff Perry review a recent Wall Street Journal article discussing
what declining birth rates mean to the economy, investing and the quality of life
(see link below).


https://www.wsj.com/world/birthrates-global-decline-cause-ddaf8be2


For more information or to reach Chris Boyd or Jeff Perry, click the below link:


https://www.wealthenhancement.com/s/advisor-teams/amr

 

Earnings and what really matters

Earnings and what really matters – Chris Boyd welcomes Brian Regan to the show.
With approximately 80% of corporate earnings reported for this quarter, Brian outlines
common trends he is seeing from these earnings. Jeff Perry questions Brian about areas
of concern that CEO’s and investors may be focused on. Brian explains how he
approaches evaluating a company to invest in and the trio discuss how stock buybacks
and dividends can be positive or negative for a stock. Chris asks Brian how he makes the
decision when it is time to sell a specific investment. Brian reflects on an article he
recently authored on the subject. A link is noted below.


https://www.thestreet.com/retirement-daily/your-money/thinking-slow-about-stocks-how-
kahnemans-insights-improved-my-investment-results


For more information or to reach Chris Boyd or Jeff Perry, click the below link:


https://www.wealthenhancement.com/s/advisor-teams/amr

 

5 Conversations with your Financial Advisor

5 Conversations with your Financial Advisor - Based on the recently published article
in Financial Planning (linked below), there are five extraordinary circumstances that go
beyond the basic retirement planning that advisors should address with clients. The topics
of discussion include non-traditional relationships and what happens when things go
wrong, special issues with minor children, estate planning in second marriages, health
challenges, and income tax surprises.  Chris and Jeff also dig into some frequent areas
where people with good intentions neglect to consider when putting together their
financial plans.


https://www.financial-planning.com/list/5-financial-planning-conversations-for-
clients-in-2024

For more information or to reach Chris Boyd or Jeff Perry, click the below link:

https://www.wealthenhancement.com/s/advisor-teams/amr

 

The Retirement Smile

The Retirement Smile – Chris Boyd and Jeff Perry explore personal spending patterns
when people enter retirement. The Retirement Smile shows increased spending in the
early and late stages of retirement. Chris and Jeff dig into the reasons for this
phenomenon and how to create a financial plan to best reflect projected spending and
capital needs. Chris also brings up a Wall Street Journal article indicating that most
people expect their retirement age to be sixty-five, but reality tells a vastly different story.
For more information or to reach Chris Boyd or Jeff Perry, click the below link:


https://www.wealthenhancement.com/s/advisor-teams/amr