Tag Archives: Retirement

A Veterinary Venture From Scratch with Dr. Bimbo Welker (Ep.37)

September 28, 2022Uncategorized#Podcast, Advisors, Animals, Entrepreneur, financial planning, Insurance, Life insurance, Personal Finance, Retirement, Term Insurance, University, Veterinarian, Your Financial Advocateyourfinancialadvocate

The process of becoming an entrepreneur has never been nor will ever be easy.

However, if you are passionate about what you do and have experience, you can be successful.

In this episode of Your Financial Advocate, Greg DuPont sits down with Dr. Bimbo Welker to talk about his experience after leaving his role as the director of Veterinary Medicine at the Ohio State University to start his own food animal and equine veterinary services business in his 60s.

Dr. Welker discusses:

His background as a veterinary professional for 30 years
His experience after leaving his job in the academic world and starting Welker Veterinary Services
The steps he had to take to start this business without any prior experience
The economic differences between working for someone versus being a solo practitioner
The importance of liking what you do
His company’s present and future plans
And more!

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Connect with Dr. Bimbo Welker:

LinkedIn: Dr. Bimbo Welker

About our guest:

Dr. Bimbo Welker is a 1980 DVM graduate of Texas A&M University and completed an MS in Veterinary Clinical Sciences at Ohio State in 1984. Dr. Welker has worked as a Clinical Associate Professor in the OSU College of Veterinary Medicine based at the Marysville clinic providing clinical service and teaching since 1991. After 28 years of providing veterinary service to the Marysville community, he retired from the OSU Large Animal ambulatory clinic in 2019 to found Welker Veterinary Services.

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Preparing Yourself to be Financially Ready for Elderly Care (Ep.34)

August 10, 2022Finance, Financial, Retirement, Taxes, Uncategorized#Podcast, Advisors, financial planning, Insurance, Life insurance, Long Term Care, Personal Finance, Retirement, Your Financial Advocateyourfinancialadvocate

52% of people turning 65 are going to need some type of long term care over their lifetime. Aging parents is something many of us are going to have to deal with at some point in our lives.

In this episode, Greg DuPont talks about how important it is to start budgeting for your future healthcare costs and figuring out how your parents can budget for theirs. With the right planning, you can make this inevitable journey a lot smoother.

Greg discusses:

The nationwide average cost of elderly care per month
The difference between long term care and assisted living
How many retirees end up with dementia or some health issue
Strategies to help you save on long term care in the future
And more!

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Lessons in Mutual Funds and Investments with John McConnell (Ep. 24)

March 23, 2022Uncategorized#Podcast, Advisors, Bonds, ETFs, financial planning, Insurance, Interest Rates, Mutual funds, Personal Finance, Retirement, Your Financial Advocateyourfinancialadvocate

Throughout the pandemic, you probably heard it countless times: “The days of living off of one job are over.” You must invest your money into either stock, bonds or mutual funds, so your money can make money.

The next thought that takes over your mind may be, “why would I invest my money into something that I know nothing about? What if I invest $1000 in a mutual fund and the company goes bankrupt?”

In this episode, Greg DuPont is joined again by guest John McConnell, founder of McConnell Financial. This time around, they’re taking a break from discussing bonds and have now pivoted to discussing mutual funds and investments.

Greg & John discusses:

What a REIT (Real Estate Investment Trust) is
How Floating Rate Funds work
Why insurance companies are the safest place to invest money
And more!

Resources:

Connect with Gregory DuPont:

Connect with John McConnell

About our guest:

John is passionate about sharing the truth around retirement planning. He started his career at Morgan Stanley and progressed into a long-term care and disability brokerage firm. He was later recruited by MetLife as one of six product specialists throughout the country. John was then sought out by one of the country’s largest distributors of retirement solutions before returning to his true calling of helping retirees navigate this unusual time that we now live in.

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The Conundrum of Stocks and Bonds with John McConnell (Ep. 23)

March 9, 2022Finance, Financial, Retirement, Taxes#Podcast, Advisors, Bonds, ETFs, financial planning, Insurance, Interest Rates, Mutual funds, Personal Finance, Retirement, Your Financial Advocateyourfinancialadvocate

The conversation around bonds may be a new discussion for many individuals.

However, it’s important to understand what they are, their role in your portfolio and what you can expect from bonds in the future.

In this episode, Greg DuPont is joined by guest John McConnell, founder of McConnell Financial. With the rise in interest rates, you may start to see the cost of bonds decreasing. Especially if you are retiring soon, find out if you should consider these investments, or whether you should continue your investments in bonds.

Greg and John discuss:

Why the feds are raising interest rates
Bond funds vs. bond ETFs
Who can sell and buy bonds
The new and improved mutual funds
And more!