Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: Kevin describes why he decided to open his own RIA, and what lead to his move. He also talks about what he discovered after the move was made, and talk some "Fact vs Fiction". Companies will often make you feel as if you cannot live without them, Kevin takes you on his journey and why that "may" not be true. Website: http://www.9icapitalgroup.com

In this podcast episode, Kevin Thompson, founder and CEO of 9i Capital Group, delves into the intricacies of Health Savings Accounts (HSAs). He discusses their benefits, such as tax advantages and long-term savings potential, and also highlights potential downsides, including high-deductible health plan requirements and the complexity of managing these accounts.

The episode aims to provide listeners with a comprehensive understanding of HSAs to help them make informed decisions about their healthcare finances.

Understanding HSA (00:00:50)

Benefits of HSA (00:03:00)

HSA as Retirement Tool (00:07:10)

Potential Downsides of HSA (00:09:18)

Kevin Thompson and special guest James McGlynn, 9i Capital Consultant, in this gripping episode of the 9innings podcast, where they explore the treacherous terrain of "pig butchering" scams.

Discover the cunning tactics used to swindle individuals via fake relationships and elaborate cryptocurrency cons. Plus, gain valuable knowledge from Zeke Fuax's "Number Go Up," shedding light on the complexities of crypto fraud.

Tune in to arm yourself with the necessary tools to identify and steer clear of these deceptive schemes. Don't miss out on this informative session aimed at safeguarding your finances! #Podcast #ScamAwareness #CryptocurrencyFraud #Educational #mlb2cfp

The Investigation (00:01:53)

Initial Contact and Scam Tactics (00:04:51)

Victims' Situation and Scam Process (00:10:33)

Prevention and Awareness (00:13:53)

Final Thoughts and Book Recommendations (00:17:25)

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In this podcast episode, host Kevin Thompson and guest Dr. Preston Cherry delve into the complexities of the financial planning industry. They discuss the influence of social media, distinguishing between the roles of financial coaching and advising, and the importance of ethical standards.

The conversation also covers the challenges posed by misinformation online and the necessity for financial professionals to educate and guide clients effectively. Regulatory issues are explored, with emphasis on the need for clear definitions and protections for the term "financial planner." Finally, they consider the role of technology in enhancing client relationships while maintaining a personal touch in financial advising.

Social Media Impacts (00:00:00)

Financial Coaching Value (00:08:16) .

Regulatory Clarity (00:12:31) .

Technology in Financial Advising (00:17:21)

Building trust and maintaining strong client relationships (00:22:47)

The role of financial advisors and social media (00:27:03)

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In this episode of the 9Innings podcast, host Kevin Thompson, founder and CEO of 9i Capital Group, tackles the challenging topic of why most people won't amass $1 million in their Roth IRA. Thompson debunks common financial myths, particularly those spread by social media influencers, and explains the practical difficulties in reaching such a substantial retirement savings goal. He provides listeners with strategies for optimizing their Roth IRA contributions and highlights the importance of strategic financial planning and understanding the nuances of investment to realistically approach the $1 million milestone.

The Roth IRA (00:01:01)

Average Returns (00:01:56)

Geometric Return (00:03:19)

Millionaire Roth Calculation (00:04:40)

Ideal Conditions for a Millionaire Roth (00:07:00)

Strategies for a $1 Million Roth (00:10:14) Practical steps and strategies for maximizing contributions and converting traditional IRAs to achieve a $1 million Roth balance.

Investment Opportunities (00:12:16)

Addressing Misconceptions (00:13:36)

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In this podcast episode, Kevin Thompson, founder and CEO of 9i Capital Group, and Tobias Salinger, chief correspondent at Financial Planning at Arizent, explore pressing issues in the financial industry. They discuss the importance of succession planning, the need to increase diversity and improve talent acquisition, and the challenges faced by newcomers. The conversation also covers the Leaders Forum event, which will address the evolving concept of financial advisor independence, and the impact of discrimination on career progression within the industry.

Leaders Forum event (00:01:59)

Succession planning challenges (00:05:12)

Apprenticeship opportunities (00:11:14)

Discrimination cases in the industry (00:15:45)

Challenges in the Financial Industry (00:19:24)

Mentorship and Career Development (00:22:40)

Upcoming Live Discussion Event (00:26:49)

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Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: Kevin Thompson explores the intricacies of financial advisor compensation, highlighting potential conflicts of interest and various payment structures. The focus is on educating both advisors and clients about the significance of transparent compensation practices and ensuring advisors act in the best interest of their clients. The episode serves as a guide to better understand the financial advisor-client relationship and the impact of compensation on advisory services.

Understanding Conflicts of Interest (00:01:24) -Explanation of conflicts of interest in the advisory world and how they can manifest in various ways, including compensation structures and product sales.

Types of Financial Advisors (00:04:36) -Discussion of commission-based, fee-based, and fee-only advisors, including their compensation models and potential conflicts of interest.

The Client's Best Interest (00:11:13)-Examination of fee-only advisors, their advantages, and the reduced conflicts of interest, along with the concept of acting in the client's best interest.

Key Aspects of the Client's Best Interest (00:16:30)- Explanation of fiduciary duty, disclosures, suitability, and continuous monitoring as crucial components of acting in the client's best interest.

Evaluating the Value of Financial Advisors (00:18:35)- Emphasis on assessing the level of service received, understanding the true cost, and determining if the services align with the client's needs and expectations.

In this episode of the 9innings podcast, host Kevin Thompson, 9i Capital Group, speaks into the challenges faced by the Federal Reserve. The discussion focuses on the Fed's dual mandate of ensuring price stability and full employment, and the complexities of managing inflation and interest rates. Thompson explores the delicate balance the Fed must maintain to bridge economic conditions, the implications of their rate decisions, and the risk of these decisions being influenced by political factors. The episode provides an in-depth analysis of the Fed's current predicament and its potential effects on the economy and markets.

Correction: (Meant to say rate cuts not hikes around 10 minute mark)

-Will the Democrats or Republicans love/hate Jerome Powell?

- Is Powell the best pilo tto land this plane?

- Is Stagflation a concern?

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