Tag: Maximizing Outcomes

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Protecting Your Cash Flow (Ep.9)

Protecting Your Cash Flow (Ep.9)

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One of the most important financial resources that you have is cash flow. We use cash flow to determine how to spend, save and plan our money for the future. 

What happens to you when your cash flow stops as a result of a health-related matter?

In this episode of Maximizing Outcomes, Jim McGovern discusses health-related issues that may stop you from earning a pay check. He also discusses why your employer’s insurance coverage doesn’t completely protect you. 

Jim discusses:

  • What disability insurance is and how it works
  • The reasons why you could stop earning a pay check
  • The two types of disability insurance
  •  Why your employer’s insurance doesn’t completely cover you
  • And more

Resources:

Connect with McGovern Wealth Group:

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The Importance Of A Will, Trust, and Power of Attorney with Brooke McMorrow (Ep.8)

The Importance Of A Will, Trust, and Power of Attorney with Brooke McMorrow (Ep.8)

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What would happen to your estate if you were to pass away tomorrow?

Do you have a will in place for your family? States such as Pennsylvania cannot guarantee that the spouse of a deceased person will inherit 100% of the money when there isn’t a will in place.

In this episode, Jim McGovern talks with Brooke McMorrow, a business owner and attorney from McMorrow Law, LLC. They explore why you should develop a will and establish your power of attorney no matter what age you are.

Brooke discusses:

  • What an estate plan is and how you can start creating yours
  • Why you should have a power of attorney no matter your age
  • What happens when you or one of your family members passes away without a will
  • What a revocable living trust is and how it benefits you and your family
  • And more

Resources:

Connect with McGovern Wealth Group:

Connect with Brooke McMorrow:

About Our Guest:

Attorney McMorrow strives to change the stereotypes that people have about attorneys by returning phone calls in a timely manner and above all, listening to the client and providing affordable and knowledgeable legal advice in a comfortable setting.  Brooke McMorrow is licensed to practice law in both Pennsylvania and New York. As a member of the Collaborative Law Association of Southwestern Pennsylvania, Attorney McMorrow is trained in collaborative law.

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Financial Advice For Parents of Children with Special Needs with Judy Herron, CPA (Ep.7)

Financial Advice For Parents of Children with Special Needs with Judy Herron, CPA (Ep.7)

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Every child is going to need different quantities of support from their parents.

How can you establish and navigate the support systems that your child requires?

In this episode, Jim McGovern talks with Judy Herron, CPA to discuss her story of raising her son Chaz and how she became proactive in creating his financial future, finding him support systems, and finding the right opportunities for someone who is ‘differently abled’.

Judy discusses:

  • How her work as an experienced CPA impacts small businesses 
  • What impact her son Chaz has had on her professional and personal life
  • What questions she asked herself early on about her disabled son’s future and how they helped curate his financial plan
  • Financial planning tips for parents with disabled children
  • And more

Resources:

Connect with McGovern Wealth Group:

Connect with Judy Herron:

About Our Guest:

Start-up or established company, your financial information is essential for managing business performance. It’s always better to be clear on your financial position, and Judith can help you get there. Work with Judith to sharpen your focus on data that makes you an agile decision maker.



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Supporting Children With Special Needs With Mike Magulick (Ep.6)

Supporting Children With Special Needs With Mike Magulick (Ep.6)

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Everyone wants what’s best for their children even if they need a little extra support whether it be financially or emotionally. 

In this episode, Mike Magulick, co-founder and president of the board for the Miracle League of Moon Township, discusses his family’s story of raising and financially preparing for their child with disabilities and how this experience changed him personally.

Mike discusses:

  • His personal life story about his son’s illness at birth
  • The journey to find expertise about his son’s rare condition
  • How he is financially preparing for the future of his child with disabilities
  • The Miracle League of Moon Township and what they provide for the community
  • And more

Resources:

Connect With McGovern Wealth Group:

Connect With Mike Magulick:

About Our Guest:

Mike Magulick is a commercial banker with 27 years of experience. He is the co-founder and president of the board for the Miracle League of Moon Township. He is a commercial banker for one of the larger banks in Pittsburgh and is here to share his personal story.



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The Landscape of Special Education With Dr. Jessica Hall-Wirth (Ep.5)

The Landscape of Special Education With Dr. Jessica Hall-Wirth (Ep.5)

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Navigating the education system is completely different when you have a child with special needs, but just because it’s different doesn’t mean it has to be any more complicated.

In this episode of Maximizing Outcomes, Jim McGovern talks with Dr. Hall-Wirth, an assistant professor at Slippery Rock University in West Pennsylvania. Dr. Jessica Hall-Wirth outlines the evolving landscape of special education and explains the resources available for your child with special needs to pursue not only an education, but a career.

Jessica discusses:

  • The landscape of special education at Slippery Rock University and the career resources available
  • What inspired her to choose a career in special education
  • An overview of the educational programs available to children with special education
  • The process of obtaining an individualized education program for your child during different stages of education
  • And more

Resources:

Connect With McGovern Wealth Group:

Connect With Dr. Jessica Hall-Wirth:

About Our Guest:

Jessica is an assistant professor of special education at Slippery Rock University located in Western Pennsylvania.



Podcast: Play in new window | Download (Duration: 30:29 — 41.9MB) | Embed

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A Conversation About Retirement Income Planning (Ep.3)

A Conversation About Retirement Income Planning (Ep.3)

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You should understand just how fragile financial plans really can be and stay realistic about what you are up against. If it was easy to do, then you wouldn’t hear about people running out of money.

In this episode, Jim McGovern shares how retirement income planning has changed over the years. He also briefly explains four rules that will help you add structure to your retirement planning all while enjoying more income.

Jim discusses:

  • The history of retirement planning
  • Two significant changes that transformed retirement planning
  • Why there was a shift away from traditional pensions
  • What changes in life can make retirement planning more challenging
  • And more

Connect with McGovern Wealth Group:

Podcast: Play in new window | Download (Duration: 37:16 — 51.2MB) | Embed

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What to Expect When Having Your First Conversation About Retirement (Ep.2)

What to Expect When Having Your First Conversation About Retirement (Ep.2)

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Planning for your finances far in advance is always a good idea. However, planning for harsh financial circumstances is much more difficult.

In this episode of Maximizing Outcomes, Jim McGovern explains what clients can expect when having their first conversation with a financial advisor. He also goes into detail about the difference between a good and a great strategy when saving money for retirement.

Jim discusses:

  • What the first conversation with his team looks like using his unique four-step-process
  • The history of growth in his company by using their unique approach with clients
  • Strategies to use for avoiding or facing anticipated harsh financial circumstances
  • Strategies his clients have found successful when saving for retirement and managing their cash flows
  • And more

Connect with McGovern Wealth Group:

Podcast: Play in new window | Download (Duration: 34:27 — 47.3MB) | Embed

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Meet Your Host, Jim McGovern (Ep.1)

Meet Your Host, Jim McGovern (Ep.1)

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Introducing the Maximizing Outcomes podcast with Jim McGovern. 

Listen in for uncommon perspectives, powerful resources, and experienced people that can help you Maximize Outcomes in your life.

In this inaugural episode, Jim McGovern, shares more about him from behind the microphone. He will inform and educate anybody looking to maximize their financial potential. You will learn what questions you should be asking your advisor and how to collaborate with your advisor to pave the way for better outcomes in your future.

Jim discusses:

  • Why he got into the financial services industry
  • The idea of being a “life-long student” and how the people you surround yourself with can impact your career decisions
  • The meaning and purpose behind the title of his podcast “Maximizing Outcomes”
  • What important questions you should be asking your advisor
  • And more

Resources:

Connect with McGovern Wealth Group:

Podcast: Play in new window | Download (Duration: 30:23 — 41.7MB) | Embed

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