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Welcome to the 52 Pearls Weekly Money Wisdom Podcast hosted by Melissa Joy, CFP and Melissa Fradenburg, financial planners at Pearl Planning. Pearl Planning is a wealth management firm located in Dexter and Grosse Pointe Farms, Michigan. Each week we post bite-size financial tips on social media and our website. We call that 52 Pearls.  In addition to the podcast, you can follow along on our company's Facebook pages. Here's the Dexter page and here's Grosse Pointe Farms.

Episode 21: Collaborative Divorce with Alisa Peskin-Shephe

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Melissa Joy CDFA® is joined by Alisa Peskin-Shepherd, an approved Michigan mediator with nearly 30 years of experience practicing law and specially trained as a family, divorce and custody mediator as well as a collaborative family law attorney. In this episode Melissa and Alisa will discuss the different options couples have when it comes to the divorce process with a special focus on how the collaborative divorce process works.

You will learn:

  • Why Collaborative divorce is efficient
  • Who makes up the team in a collaborative divorce
  • The Step-by-step process of a collaborative divorce

Resources:

Find more information on  Alisa Peskin-Shepherd HERE.
Read a Blog on collaborative divorce.

#divorcefinancialplanning #collaborativedivorce #financialadvisordexter

Episode 20: Zingerman's Visioning for Uncertain Times with Elnian Gilbert

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Melissa Joy, CFP® is joined by Elnian Gilbert, trainer and keynote speaker for Zing-train, shares Zingerman’s approach to business in visioning. Visioning is a tool that can help clarify what is most important. What success looks like at a particular point in time in the future.

Feeling off balance, knocked off course and disoriented? We certainly are!

In this episode learn how to:

  • Better prioritize how to spend your time and other resources
  • How to better navigate drastic shifts in how we live, work, and play.
  • A way to define the destination

Raymond James is not affiliated with and does not endorse the opinions Elnian Gilbert or Zingerman’s.

#visioning #financialplanningdexter #financialplanninggrossepointe

Episode 18: QDROs in Divorce with Sharee Burkel

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Melissa Joy, CFP® is joined by Sharee Burkel, the owner of the QDRO Company, LLC, a CERTIFIED FINANCIAL PLANNER™ practitioner, Certified Divorce Financial Analyst (CDFA®), and Certified QDRO Specialist™. In this episode they discuss Qualified Domestic Relations Order (aka QDRO) in simple and easy to understand terms. If you need to divide retirement assets in divorce, you may need a QDRO. We explain the ins and outs.

Learn about

  • What is a QDRO
  • Why do I need one?
  • When should I start the QDRO process?

Resources from this episode

  • The QDRO Company LLC website HERE
  • Additional divorce resources and blogs HERE

Raymond James is not affiliated with and does not endorse the opinions or services of Sharee Burkel or The QRDO Company.

#divorcefinancialplanning #financialadvisordexter #financialadvisorgrossepointe

Episode 17: Conquering Financial Shame with Christine Luken

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Melissa Joy, CFP® sits down with Christine Luken a Certified Financial Counselor, The Financial Lifeguard and founder of The Financial Dignity Movement, to talk about the emotional side of money. In this conversation we discuss how to manage the emotional side of money and guide you to a place of certainty with your finances. We can’t take the emotions out of financial decision making but we can understand the process.

The conversation includes:

  • The difference between guilt and shame when it comes to money behavior
  • How to recover a positive and peaceful relationship with your money
  • How to create a personalized prosperity plan to reduce your debt, increase your savings, and direct your spending to what is really important to YOU.

Additional resources:

Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.

#financialadvisordexter #financialplanning #prosperity

Episode 16: Closing the Racial and Gender Wealth Gap with Renee Baker

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Melissa Joy, CFP® sits down with Renée Baker, DBA. Renee is Head of Private Client Group Advisor Inclusion Networks at Raymond James. In her work, Renee leads the Womens Financial Advisor Network, Black Financial Advisor Network, and the new Pride Network for LGBTQUI+ advisors.

In this conversation, we discuss the need for a more diverse financial profession and how that will help with access to financial advice for all people. The conversation includes:

  • Statistics on underrepresented advisors including women, black advisors and advisors of color.
  • What is the wealth gap and how can we close it?
  • How to be an ally and sponsor and take action to change the status of wealth access in our country

Here are some additional resources that can help you learn more about the wealth gap and how we can change our profession. Read on and learn more here:

#wealthgap #racialequality #genderequality

Episode 15: What is Financial Planning?

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Welcome to the 52 Pearls Weekly Money Wisdom Podcast hosted by Melissa Joy, CFP and Melissa Fradenburg, financial planners at Pearl Planning. Pearl Planning is a wealth management firm located in Dexter and Grosse Pointe Farms, Michigan. Each week we post bite-size financial tips on social media and our website. We call that 52 Pearls.  In addition to the podcast, you can follow along on our company Facebook pages Dexter page and Grosse Pointe.

This week we're talking about financial planning.

- What is a financial plan?
- Who should have a financial plan?
- What documents do I need to get started?
Check out our financial planning illustration HERE

#dexterfinancialplanner #grossepointefinancialplanner 

Episode 14: Financial Perspective During Coronavirus with Dan Boyce

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Melissa Joy, CFP® is joined by retired financial Advisor and long-time mentor, Dan Boyce to discuss investor lessons from past recessions. With over 35 years of industry experience, Dan has many words of wisdom for investors trying to navigate the uncharted markets of COVID-19.

In this episode, we will discuss

- Have a plan and stick to it
- Where will income come from in retirement
- Don’t try to predict the market
- Fear vs. Greed

Raymond James is not affiliated with Dan Boyce. All investing involves risk, including the possible loss of principal amount invested. No investment strategy can guarantee your objectives will be met. The indexes mentioned are unmanaged and cannot be invested into directly. Past performance is no guarantee of future results. This material is being provided for informational purposes only and is not a complete description, nor is it a recommendation. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Prior to making an investment decision, please consult with your financial advisor about your individual situation.

#financialplannerdexter #retirement #COVID19

Episode 13: Mortgage Decisions During Divorce with Erica Powers

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Melissa Joy is joined by mortgage expert Erica Powers to talk about mortgage decisions during divorce. Erica is a mortgage banker at Level One Bank in southeast Michigan including Ann Arbor and Detroit and she works with clients around the country.

We're Discussing:

  • How do you make a payment fit into your budget when going through a transition or change?
  • The value of a relational mortgage banker.
  • Why it’s important to establish 6 months of demonstrable income or cash flow for employment, spousal support, etc.

Resources:

  • A budget worksheet during divorce from Pearl Planning
  • Get in touch with Erica Powers on LinkedIn or Facebook

Episode 12: College Decisions During COVID-19 with Amy McVeigh

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How do you adjust college decisions during a pandemic? In this 52 Pearls Weekly Money Wisdom podcast episode Melissa Joy talks with college selection consultant Amy McVeigh, founder of Smart College Selection.

We’re discussing:

  • How college consultants help students and families set expectations, narrow down their college decisions, and make the right selection for college.
  • Options for kicking off college decisions for families of rising seniors including adjustments for testing and how to do a virtual campus tour.
  • How Amy uses student-directed research to narrow down a college list.
  • Journaling for future college students including a great prompt: write a letter to your pre-covid self about this time.
  • How a family’s financial commitment may be changing now and how the student plays a role in financial conversations.

Resources that can help you:

Episode 11: All about Medicare issues during COVID-19 with Cameron Giardini

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Today’s episode is all about Medicare issues during COVID-19. Melissa Joy is joined by Medicare expert Cameron Giardini from Giardini Medicare.
We cover:

  • How to enroll in Medicare while offices may be closed. It turns out it depends on the rules of your local office.
  • Decisions that should be made if you’re Medicare-eligible and suddenly unemployed.
  • Mistakes to avoid when you are Medicare-eligible and are offered COBRA.
  • Changes in income this year and how to appeal your IRMAA charges.

Helpful Resources:

Episode 10: Using Gratitude for an Abundant Money Mindset During Covid-19 with Dawn Starks

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Dawn Starks, CFP® is joining Melissa Joy to discuss an abundance mentality in the age of Covid-19. Dawn is the author of a new book, Simplify Your Financial Life and founder of Simple Money. Today we’re talking about:

  • What does abundance mean for your financial life?
  • How gratitude and helping can help you to embrace an abundance mindset in today’s uncertain times.
  • Why you should use this time as a breather to plan for what’s next in your money life.
  • Dawn suggests you do an assessment of your money life to determine what is meaningful to you in your budget and what isn’t.

For more information on Dawn, visit her websites:
Simple Money: https://simplemoneypro.com/
Dawn’s Book: https://simplemoney.mykajabi.com/simplify-your-financial-life-book

Episode 9: What should I do with my 401k?

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This week we're talking about what to do with your 401(K) in these times of COVID-19 and economic uncertainty.
- What are my options with my retirement plan if I recently lost my job?
- What if your job is intact? Consider accelerating contributions or doing more.
- What if you might need money from your retirement account?
- What if you have zombie accounts that you are not reviewing or have left at an old employer?
- Retirement plans are a critical component for retirement planning – make sure they’re linked to your financial plan.

You can find additional resources on our blog What Should I do with my 401K.

Episode 8: Retirement Investing in Bear Markets with Ashby Daniels

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This week we're talking about what to do with your 401(K) in these times of COVID-19 and economic uncertainty.
- What are my options with my retirement plan if I recently lost my job?
- What if your job is intact? Consider accelerating contributions or doing more.
- What if you might need money from your retirement account?
- What if you have zombie accounts that you are not reviewing or have left at an old employer?
- Retirement plans are a critical component for retirement planning – make sure they’re linked to your financial plan.

You can find additional resources on our blog What Should I do with my 401K.

Episode 7:Understanding Bankruptcy with Charissa Potts

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Melissa Fradenburg, Financial Advisor in Grosse Pointe with Pearl Planning is joined by special guest Charissa Potts of Freedom Law, PC and they’re talking all things Bankruptcy. Charissa formed her consumer bankruptcy-focused firm in 2014. www.freedomlawpc.com She was recently named to the prestigious American Bankruptcy Institute (ABI) 2019 “40 under 40” class of top bankruptcy practitioners nationwide.
We’ll learn:
*What happens if I declare bankruptcy?
*What is the difference between chapters 7, 11, and 13?
* How does filing bankruptcy affect you?
* Who should consider bankruptcy?

The information presented here is not meant to be legal advice and is intended for informational purposes only. Raymond James does not provide legal advice. You should consult with the appropriate legal professional in regards to your particular situation. Raymond James is not affiliated with Charissa Potts or Freedom Law, PC.

Episode 6: COVID-19 and Estate Planning with Joan Skrzyniarz 

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Melissa Joy is joined by estate planning attorney Joan Skrzyniarz, practice group chair of trusts and estates at Dickinson Wright in Troy, Michigan.
Joan and Melissa discuss:

  • Why for estate planning, perfection can be the enemy of progress.
  • The documents you need in place during a pandemic (medical powers of attorney, financial power of attorney, wills, and trusts).
  • The importance of a parental designation of guardian document for parents of minor children, especially during a health pandemic.
  • How Joan has developed a family emergency plan for friends and neighbors to help their kids if mom and dad get sick.
  • Joan's mantra during this time of uncertainty, "don't be panicked, be prepared."
  • Why estate planning and financial planning help you to "prepare for everything" including unexpected moments like we're experiencing now.

Episode 5: Technology Adaptations in the Age of Covid-19 with Bill McManus

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Americans are radically changing their habits as stay at home orders replace business as usual. What technology can help people cope in a time of social distancing and what will stick around in the aftermath of coronavirus?
Bill McManus is part of the Applied Insights Team for Hartford Funds. In his current position, Bill is responsible for engaging and educating both financial advisors and their clients about current and emerging opportunities in the financial services marketplace.

5 Ways Technology Can Make Social Distancing Easier Use this resource guide with links to technology applications to increase your technology assistance in areas including staying connected, getting stuff you need, staying healthy, entertainment, and increasing your knowledge.

Episode 4: Cares Act Relief for Individuals

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This week we're talking about how the CARES Act can offer you some relief from the financial stress you might be feeling during these unprecedented times of COVID-19. Melissa and Melissa talk about recovery rebates, coronavirus-related distributions from IRAs and retirement plans, and the enhancements to unemployment benefits. FREE: CARES Act Resource Guide: https://pearlplan.com/2020/04/03/cares-act-resource-guide/ FREE: Rebate Calculator: https://www.omnicalculator.com/finance/stimulus-payment

Episode 3: CARES Act Relief for Small Business Owners

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This week we're breaking down the CARES Act specifically regarding loans and unemployment relief for small business owners. If you're a small business owner considering your options during this unprecedented time of COVID-19 please listen to this episode and reach out with additional questions. Here are some ADDITIONAL RESOURCES: https://pearlplan.com/2020/04/03/cares-act-resource-guide.

Episode 2: Focus on What You Can Control

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Welcome to the 52 Pearls Weekly Money Wisdom Podcast! This new podcast is hosted by Melissa Joy, CFP and Melissa Fradenburg, financial planners at Pearl Planning. The COVID-19 outbreak has turned our personal and financial lives upside down. This week, we discuss a go-to strategy for uncertain times: "focus on what you can control."

Intro & Week 1: Map your financial goals

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This week we're talking about mapping out your financial goals. If you're like most people, you carry around money baggage or at least some things you'd like to improve. We encourage you to map out your goals throughout the calendar year. Melissa and Melissa talk about their personal goals for 2020. FREE RESOURCE: Download your 2020 Guided Financial Calendar today to work on your goals and follow along at home.

Our Gift to You

YOUR 2020 FINANCIAL ACTION PLAN

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Guided Pearls: Your 2020 Financial Action Plan

Tackle your financial fears one week at a time! In your COMPLIMENTARY download, you’ll receive:

• A monthly calendar including timely financial reminders
• A space to lay out your financial goals, plus nudges to stay on track
• 12 guided journaling activities for monthly improvements to financial decisions and mindset

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Pearl Planning Grosse Pointe
81 Kercheval Avenue, Suite 202
Grosse Pointe Farms, MI 48236
313.486.9634
Melissa.Fradenburg@pearlplan.com

Pearl Planning Dexter
8031 Main St. Suite 302
Dexter, MI 48130
734.274.6744
melissa@pearlplan.com

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