Something More With Chris Boyd Show Podcasts

Jeff Perry, Special Sheriff for Barnstable County, welcomes Taylor White, Sandwich Town Clerk. Taylor manages running elections, administering censuses, registering licenses, and vital record record keeping for the Town.  He has preserved 75% of vital records that date back to 1640. Jeff and Taylor also discuss the 2020 election dates and encourage everyone to vote.

Jeff Perry, Special Sheriff for Barnstable County, welcomes Representative Will Crocker. Will, Representative in 2nd Barnstable District, discusses his work on Nero’s Bill. Nero’s Bill proposes that EMTs and paramedics trained in veterinary protocol be allowed to stabilize, treat, and transport dogs like Nero. Nero was injured when Sergeant Gannon lost his life in the line of duty on April 12, 2018.  Judy Crocker talks about the Republican State Committee race. In 2012, she ran to be Cape & Islands Republican State Committee Woman, covering a district from Mashpee to Provincetown. She is running for re-election in the March 3rd elections.

Chris welcomes Adam Howard, Visual Effects Supervisor, who shares stories from his work in television and films. Adam started working in television on the Simpsons and Will & Grace. His first feature film in the US was Sandlot. He also worked on Star Trek, Pirates of Caribbean, Mission Impossible, and Star Wars. He did some ground breaking visual effects on the Titanic, where George Harrison of the Beatles visited to see his work. The business has changed significantly since Adam started, but he enjoys creating entertainment that makes people happy. In honor of American Heart Association Heart Health Month, Matt Regan, President of Cape Cod CPR, joins Chris. He and his wife started the South Yarmouth business, where 17 instructors offer community and physician certification training. There is no one sign for a cardiac event – look for tightness of chest and shortness of breath, discomfort in other areas of body. Heart disease is the number one cause of death for women.  

Brian talks about private equity funds and fractional share investing. Private equity investments are potentially high return investments, but carry extra risk since they lock money up for typically 7 years, need to be an accredited investor, and come with high fees. Investment firms are competing by selling fractional stock shares so investors can afford higher prices stocks as one way to build a diversified portfolio. Scott answers questions from the mailbag. When should I take social security? Does my money need to last until 100 years old? Do I need long-term care insurance?

Chris and Cathi are joined by Josh Flanders (General Manager) and Jacobi Reid (Head Brewer) from Bad Martha’s Brewery. Last year they opened a Falmouth location, expanding from their Edgartown location that opened in 2014. A 15-barrel system allows 10 batches of beer to brew consecutively; taking 2-4 weeks to brew a batch. Offering 50-60 different beers per year, they source local ingredients to offer seasonal beers such as a honey house in the spring, Shark Bite (jalapenos and cucumber) in summer, and cranberries in fall. Their beautiful building is a post & beam barn built by Amish crew out of PA and local builder Architecture Innovations.  In addition to great beer, they offer lite snacks, merchandise, music, and fun games. Bad Martha’s also donates to local charities and hosts events.

Chris and Brian discuss financial issues such as the GDP, ISM manufacturing index, durable goods, the Corona Virus, and investment price vs. value. The GDP reported on target at 2%. Business growth slowed last quarter as expected due to heavy inventory; however, US import/export numbers were strong. The January ISM manufacturing index was over 50 for first time in a while. Technology companies did well in Q4; where materials, energy, and industrials were lagging. The Corona Virus is spreading more quickly than 2003 SARS – contributable to enhanced transportation infrastructure in China. Stocks like Clorox and 3M expected to get a bump due to the virus. When considering mutual funds and ETFs – its not just return vs. price - cost, risk, total return, and tax considerations are all relevant.

Chris and Brian discuss the notion of people investing for income (dividends, interest) versus total return, and being cautious of hidden risk when investing purely for income. Scott joins Chris to talk about an IRS financial scam reported on by the Wall Street Journal recently – protect yourself by: registering your number with National Do Not Call Registry, installing a call screening or blocking on your landline, and installing a robocall blocking app on your cell phone. They also discuss the Democratic Presidential candidates’ income and investment tax proposals, and lessons of the week.

Bob Vandy, President of Advisors Insurance Brokers joins Chris to talk about long-term care insurance and some of the newer generation products that combine traditional long-term care insurance with life insurance or annuity benefits. Care for a chronic condition that is not improving needs to be covered under long-term care insurance vs. Medicare. Long-term care can be provided at home, as well as in assisted living or a nursing home. Long-term care may be a way to save against spending down all of one’s assets or restricting access to savings through an irrevocable trust. Four areas to consider when enrolling in long-term care insurance are: benefit amount, benefit period, elimination period, and inflation.

Chris and his Kristen Boyd welcome Sara Hines from Eight Cousins Bookstore in Falmouth and Val Royal from Brewster Bookstore to talk about books and reading. Both are independent stores, and sell books, audio tapes, and gifts for all members of the family. Local bookstores offer a community service by helping to match books to readers and hosting events (author signings, story times, book clubs). Sara and others started the Cape & Islands Book Store Trail in 2019, with participation from 21+ independent book stores on the Cape.  AMR recently held a Q1 Economic & Market Outlook seminar for clients. The webinar version is available on the AMR website and the information is in the latest AMR newsletters. If you’d like to receive AMR newsletters email radio@amrfinancial.com or signup on the website.

Daniel Schwenk joins Chris to talk about tax preparation and tips. Many people experienced large withholdings last year and asked for advice on how to remedy throughout the year. There is still time to set-up a SEP IRA, etc., to provide benefit for 2019 taxes.  Mid-March is a good time to file as statements may be coming in until then, but filing can be amended if something substantial was missed. The higher number of exemptions on a W4 means less is taken out, so individuals may need to budget for additional amounts due at filing. The IRS and State have payment plans if needed. Visit www.capecodtaxes.com.

Chris talks with Marie Stevenson, who shares her home exchange and travel adventures. Marie started using home exchange lodging in 1997 with Intervac, and now uses both Intervac and Home Stay. She has exclusively stayed in home exchange lodging since then and has visited most European countries, Canada, and several US states. Both charge a small annual fee, but Marie finds she is able to save money overall by traveling this way. Today’s home exchange services offer both reciprocal and non-reciprocal exchange options.

Chris and Brian discuss the markets, manufacturing, and the 2020 economic outlook. Brexit moving ahead and Phase 1 of the China Trade Deal signed. Consumer confidence is up, but we are looking for an uptick in corporate earnings (Q1 earnings mixed). Join AMR on Jan. 23rd for the Quarterly Investment Outlook seminar by registering at 508-771-8900. Scott talks about travel hacks, including the FIRE Movement and credit card rewards.

Chris and Keats Boyd take calls from the audience, and discuss the December jobs numbers and other financial news. Now that we are in the back end of economic expansion, it is a good time to review your portfolio asset allocation. Keats and Chris review the SECURE Act, and some of the tactics to protect personal and inherited retirement accounts.

In the interest of starting an organized and healthy new year, Chris welcomes Maryann Murphy and Jessica Riley-Norton. Maryann. a frequent public speaker and professional organizer, shares time management and goal setting techniques. Jessica, owner of EVOKE Yoga, discusses the various types of yoga, and how they can restore our bodies, and improve strength and balance.

Chris reviews key financial indexes and stock performance for 2019. Last year’s numbers were good. Corporate earnings will need to rise for the economy to stay strong – right now the data is a mixed bag that we will need to continue to watch. Stay invested and revisit your asset allocation to right-size your portfolio if needed.  Chris also shared financial housekeeping tips to address at the beginning of the new year.

Chris welcomes Attorney Keats Boyd to talk about the SECURE (Setting Every Community up for Retirement Enhancement) Act, a series of rules that modify how retirement accounts are handled. Some extend the age in which for IRA contributions can be made or requirement minimum distributions must be taken. Others have more adverse effects, that can possibly be minimized with proper planning. Chris, Brian, and Scott from AMR discuss financial news including Brexit, China Tariffs, impeachment and the upcoming election, the Santa Claus Rally and Window Dressing, and Roth IRAs.

Chris welcomes leadership members from the MA Financial Planners Association. Their goal is to help foster good financial planning work with each members’ respective clients. They discuss the many of the events and programs the FPA offers, as well as the 2019 MA FPA successes and what they hope to accomplish in 2020. Chris and team also discuss news events from 2019.

Chris welcomes Dr. Marie Bartham and Sheryll Reichwein from Heroes in Transition. They discuss the Women's Reboot program, which provides females in the military, including veterans, with the mind-body resources to master their particular life challenges.

Chris welcomes Craig Mancusi from Rogers Gray. They discuss property & casualty insurance, and special considerations (ice, flood, fire, etc.) that Cape Cod residents (full-time, second-homes, and rentals) should address during this time of year. 

Kristin Mitchell-Hughes, VP Tourism and Marketing at the Cape Cod Chamber of Commerce joins us to talk about holiday events occurring across Cape Cod. MSN.com just named Cape Cod as one of 50 best places to visit during holidays. Chris and team talk about financial year-end planning, and SEP IRAs as retirement savings for small businesses or self-employed individuals.