Investec Wealth Strategies
37 episodes - English - Latest episode: over 2 years ago -These are audio versions of the blog content we provide on our website. Investec is an independent, boutique wealth management firm based in Houston, TX. We have been serving affluent families with over $1M in investable assets since 1984. We specialize in working with Retirees, ExxonMobil professionals as well as those who have become Suddenly Single. We invite you to consider our forward-looking approach to wealth management. Learn more at investecwealth.com
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Episodes
Choosing Between Traditional Medicare and the ExxonMobil Medicare Primary Option (MPO)
October 04, 2021 18:00 - 13 minutes - 9.46 MBYou’re an ExxonMobil retiree and about to turn 65. You need to make a decision about health insurance. You can move seamlessly from the ExxonMobil Retiree Medical Plan option to the ExxonMobil Medicare Primary Option (MPO), also known as a Medicare Advantage plan, or you can opt-out of the MPO and go into traditional Medicare. How should you make the decision? What are the differences or key variables you should consider? This is the audio version of a blog posted on our website (investecwe...
You’ve Left ExxonMobil—What About Your ExxonMobil Savings Plan Account?
August 27, 2021 16:00 - 9 minutes - 6.52 MBIf you’ve ever left an employer in whose 401(k) plan you participated, did you make an informed decision about what to do about your account? We offer five objectives to help decide what’s right for you. But please, don’t just forget you have the account! This is the audio version of a blog posted on our website (investecwealth.com) on August 27, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is n...
A Tough Blog to Write – Diminished Mental Capability & Increased Vulnerability
August 10, 2021 14:00 - 9 minutes - 6.26 MBAs we grow older, I suspect we all have moments in which we wonder whether we’re experiencing normal forgetfulness…or are we showing the first signs of dementia? We may joke about it, but we have to think about the possibility if we’re realistic. Here are four steps to take to prepare yourself and your loved ones for the possibility you may at some point suffer from diminished mental capability or be at increased risk of financial exploitation. This is the audio version of a blog posted on ...
4 Steps to Maximize What Goes Into Your EMSP in 2021
July 22, 2021 19:00 - 7 minutes - 5.26 MBNews that ExxonMobil will resume the company match to the ExxonMobil Savings Plan in October gives you a planning basis for maximizing after-tax dollars going into your account. If you're inclined to max out, follow along here to calculate the amount you can contribute as a Special Contribution. This is the audio version of a blog posted on our website (investecwealth.com) on July 22, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and int...
Have You Reevaluated Your Insurance Coverage Since COVID Began? If Not, Here Are 4 Areas to Review Right Now
July 12, 2021 17:00 - 3 minutes - 2.58 MBLife has likely felt like a whirlwind since the pandemic started. While adjusting to the new normal, it’s possible your insurance coverage has not been top of mind. But in reality, you could be missing out by not reevaluating your current coverage. Here are four insurance areas you should reevaluate right away. This is the audio version of a blog posted on our website (investecwealth.com) on July 13, 2021. The blog post itself can be found here. Disclaimer: The information provided here is...
Money Is… 4 Reasons Why You Should Work With a Financial Advisor
June 22, 2021 19:00 - 7 minutes - 5.42 MBAt its core, financial advice helps you with your money. What is it about your money that makes it susceptible to help? This blog explains why folks in mid- to late-career who are accumulating retirement savings should be working with a competent financial advisor. This is the audio version of a blog posted on our website (investecwealth.com) on June 22, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature....
Understanding Inflation in 2021: What Investors Need to Know
June 08, 2021 18:00 - 5 minutes - 3.98 MBDid you know people are Googling the word "Inflation" at a record-breaking rate? If the economic uncertainty of the past year has you scratching your head as well, here's what you need to know about inflation and your investments. This is the audio version of a blog posted on our website (investecwealth.com) on June 8, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be...
Now That It's Up, Should You Sell Your ExxonMobil Stock?
May 25, 2021 17:00 - 8 minutes - 5.98 MBWhether to sell appreciated shares of XOM in the ExxonMobil Savings Plan is a tough question. Here are four questions we think XOM shareholders should consider as they think through next moves in their portfolio. This is the audio version of a blog posted on our website (investecwealth.com) on May 25, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax...
Acquaint Your Grown Children With Your Financial Affairs
May 11, 2021 18:00 - 6 minutes - 4.44 MBReluctant to share your financial information with your grown children? Here are some reasons why it might make sense to do so. This is the audio version of a blog posted on our website (investecwealth.com) on May 11, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice. Investec Wealth Strategies and its advisors do not pro...
6 Questions If You're Within 5 Years of Retirement at ExxonMobil
April 27, 2021 19:00 - 8 minutes - 5.94 MBIf retirement is only five years or less away, you should have a pretty good notion of what life will look like for you in this next chapter. With so many moving parts, it's important to think through the implications of the various decisions you'll make. Have you considered the following six questions? This is the audio version of a blog posted on our website (investecwealth.com) on April 27, 2021. The blog post itself can be found here. Disclaimer: The information provided here is genera...
A Guide to Dividing Your Estate Unequally
April 15, 2021 18:00 - 7 minutes - 5.38 MBWondering how to unequally divide your assets without dividing your family? If you’re thinking about leaving more for one child than the other, it’s important to know your options. This is the audio version of a blog posted on our website (investecwealth.com) on April 15, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice....
4 Questions to Develop an ExxonMobil Savings Plan (EMSP) Strategy
March 30, 2021 20:00 - 12 minutes - 8.4 MBExxonMobil employees often sign up for the EMSP because a supervisor or a more tenured colleague tells them it’s a good thing to do. But many participants continue to contribute without thinking through a Savings Plan goal or strategy. Have you considered these four questions? This is the audio version of a blog posted on our website (investecwealth.com) on March 30, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as education...
Are You an MD? Then These 5 Things Should Factor Most When Creating Your Financial Plan
March 23, 2021 19:00 - 5 minutes - 3.69 MBFrom the moment a doctor earns his or her MD to the day they hang up their white coat for good, medical professionals face unique financial hurdles, dilemmas and questions. Here are five key components every medical professional should consider when putting together his or her financial plan. This is the audio version of a blog posted on our website (investecwealth.com) on March 23, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and inten...
Hindsight is 2020: 7 Ways We Should All Vow to Treat Our Money Differently in 2021
February 24, 2021 21:00 - 6 minutes - 4.21 MBIf 2020 has taught us anything, it's that you should always be prepared for the unexpected. Now that the year is behind us, here are 7 ways that we should treat our money differently and plan for the future. This is the audio version of a blog posted on our website (investecwealth.com) on February 24, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax...
4 Investing Mistakes in the EMSP
February 09, 2021 19:00 - 8 minutes - 5.7 MBLearn from the mistakes of others? Our blogger reflects on investing mistakes he’s seen participants in the EMSP make over the past forty years. This is the audio version of a blog posted on our website (investecwealth.com) on February 9, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice. Investec Wealth Strategies and it...
4 Steps to Take When You Inherit an IRA
January 27, 2021 20:00 - 5 minutes - 4.08 MBWhether you inherit an IRA from a spouse or non-spouse, there are important steps to execute as an heir and details to address along the way. This is the audio version of a blog posted on our website (investecwealth.com) on January 27, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice. Investec Wealth Strategies and its a...
XOM & XTO Employees: Think About Your ExxonMobil Savings Plan (EMSP)
January 14, 2021 20:00 - 8 minutes - 5.56 MBIs your EMSP account on auto-pilot? Take time to think through what’s best for you in the new year. We offer some ideas to help make your decision. This is the audio version of a blog posted on our website (investecwealth.com) on January 14, 2021. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice. Investec Wealth Strategies and...
5 Reasons to Make a "Special Contribution" to the ExxonMobil Savings Plan (EMSP)
December 08, 2020 17:00 - 7 minutes - 4.98 MBIf you are an ExxonMobil employee participating in the ExxonMobil Savings Plan, you have until December 15th to take advantage this year of a little-known provision in the Plan called making a "Special Contribution." Here's everything you need to know. This is the audio version of a blog posted on our website (investecwealth.com) on December 8, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not...
6 Steps to Take Now if You're Exiting ExxonMobil
November 19, 2020 15:00 - 7 minutes - 4.98 MBAccording to an email ExxonMobil CEO Darren Woods sent all employees on October 21, the company faces "significant headwinds, more work to do and, unfortunately, further reductions are necessary." For many, exiting ExxonMobil may become a reality. What should you do? This is the audio version of a blog posted on our website (investecwealth.com) on November 19, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in n...
The 9/11 Tribute in Light Was Dark in 2020
September 15, 2020 16:00 - 4 minutes - 3.05 MBAs the world continues to grapple with COVID-19, we must never forget. In the words of Sandy Dahl, wife of Flight 93 pilot Jason Dahl, “If we learn nothing else from this tragedy, we learn that life is short and there is no time for hate.” This is the audio version of a blog posted on our website (investecwealth.com) on September 14, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended n...
Your Employer Suspended Its 401(k) Matching Contribution—Now What?
September 09, 2020 17:00 - 7 minutes - 4.88 MB16.1% of employers have cut matching 401(k) contributions in light of COVID-19. If this happened to you, or you're worried it could, here are the next steps you should be taking right away to still save for retirement. This is the audio version of a blog posted on our website (investecwealth.com) on September 9, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be consid...
Should You Take Social Security Early in Light of a COVID-19 Related Layoff?
August 31, 2020 15:00 - 7 minutes - 4.92 MBShould you consider taking Social Security early to cover financial hardships caused by COVID-19? Make these crucial considerations first. This is the audio version of a blog posted on our website (investecwealth.com) on August 31, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice. Investec Wealth Strategies and its advis...
COVID Change How You Think About Spending?
August 24, 2020 14:00 - 4 minutes - 2.95 MBIn our quest to understand our relationship with money, we need to be careful that we don’t develop a fear of spending. Here are four simple steps to align your spending with exactly what you value. This is the audio version of a blog posted on our website (investecwealth.com) on August 24, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accountin...
6 Common Financial Stress Triggers & How to Overcome Them
August 17, 2020 14:00 - 7 minutes - 5.07 MB72% of Americans have felt financially stressed at some point during 2020. Here are 6 of the most common stress triggers with ways to fix them. This is the audio version of a blog posted on our website (investecwealth.com) on August 17, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice. Investec Wealth Strategies and its ...
4 Yearlong Tax Tips for Retirees
August 03, 2020 14:00 - 6 minutes - 4.55 MBDuring retirement, your wealth needs to last for the rest of your life. Avoid paying more taxes than you need to by keeping these four tips in mind throughout the year. This is the audio version of a blog posted on our website (investecwealth.com) on August 3, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice. Investec We...
Take the Money Now, or Get it Monthly?
July 27, 2020 14:00 - 4 minutes - 3.41 MBShould you take your ExxonMobil, Chevron, or other company pension benefit as an annuity or as a lump sum? Our Investec blogger addresses issues you might be concerned about. This is the audio version of a blog posted on our website (investecwealth.com) on July 27, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice. Invest...
Imagine You're Dead—Now What?
July 20, 2020 14:00 - 6 minutes - 4.6 MBYou don’t do estate planning just for yourself. The documents the estate attorney produces are important, but there are other things you can do now to show your love for your heirs. Don’t leave behind a mess. This is the audio version of a blog posted on our website (investecwealth.com) on July 20, 2020. The blog post itself can be found here. Disclaimer: This is only intended to provide a general overview of important estate planning concepts. This document is not intended nor should it b...
I've Been Fired! What Do I Do Now?
July 13, 2020 14:00 - 4 minutes - 3.22 MBIt’s painful, but increasingly common. Big companies are laying off employees. Have you or someone you know lost a job? How to help? Focus on working on six critical tasks. This is the audio version of a blog posted on our website (investecwealth.com) on July 13, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice. Investec...
4 Reasons Why I Believe in Wealth Management
July 06, 2020 14:00 - 4 minutes - 3.16 MBEver wonder what difference financial planning might make in a person’s life? One Investec advisor went into this field in part because wealth management holds the promise of achieving four objectives he holds dear. This is the audio version of a blog posted on our website (investecwealth.com) on July 6, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as ...
5 Reasons to Have a Financial Plan
June 19, 2020 14:00 - 5 minutes - 4.06 MBDo you think a financial plan is just about investments? Our blog challenges that thinking, asserting that financial planning is built upon a foundation of what you care about most in life. Here are five important reasons to have a financial plan. This is the audio version of a blog posted on our website (investecwealth.com) on June 19, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intende...
3 Things to Consider Before You Retire
June 09, 2020 14:00 - 7 minutes - 4.95 MBThinking of retiring? It’s certainly a matter of “can you afford it?” But we think a well-informed decision takes into account other factors as well, factors that may not be as black and white as your lump sum pension or your 401(k) balance. These are our thoughts on making a tough decision. This is the audio version of a blog posted on our website (investecwealth.com) on June 9, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended...
Leaving ExxonMobil? 4 Strategies to Deal with XOM Stock in Your 401(k)
June 01, 2020 14:00 - 9 minutes - 6.63 MBMany ExxonMobil employees have a lot of company stock in their 401(k). The price is at levels not seen since the early 2000s. Ouch! As some employees think about retiring, we offer four strategies for dealing with XOM stock in the ExxonMobil Savings Plan. This is the audio version of a blog posted on our website (investecwealth.com) on June 1, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not ...
A Conversation on "Staying the Course"
May 04, 2020 14:00 - 8 minutes - 5.67 MBDid the tough days in the stock market that we experienced in March tempt you to bail out and go to cash? Seeing a sharp decline in the value of your portfolio is very painful. Experience suggests long-term investors should remember that “time in the market beats timing the market.” For some historical perspective, keep listening for a conversation with a hypothetical client named Gloria about “staying the course.” This is the audio version of a blog posted on our website (investecwealth.co...
“With All That’s Going On, Should I Take Social Security Early?”
April 23, 2020 14:00 - 8 minutes - 5.82 MBUncle Sam is spending trillions of dollars on economic stimulus and relief measures. The deficit will grow. Your 401(k) or IRA portfolio has recovered somewhat. But your ExxonMobil or Chevron stock is still at multi-year lows. In the midst of this, you wonder: “Should I start Social Security earlier than I planned?” This is the audio version of a blog posted on our website (investecwealth.com) on April 23, 2020. The blog post itself can be found here. Disclaimer: The information provided h...
The Benefits (and Limitations) of Tax-Loss Harvesting
April 03, 2020 14:00 - 7 minutes - 5.14 MB“Sell a position for less than what I paid? Why would I want to do that?” How do we take advantage of a down market to save on taxes? There are times when selling an investment for less than what you paid for it makes sense. This is the audio version of a blog posted on our website (investecwealth.com) on April 3, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be cons...
The Storm is Here - Will My Portfolio Survive?
April 01, 2020 14:00 - 6 minutes - 4.6 MBYou’ve stocked up on toilet paper and disinfectant. You’re maintaining social distancing. How about your portfolio? Will it survive the crisis? Keep listening to learn how those drawing on their wealth are prepared for a bear market. This is the audio version of a blog posted on our website (investecwealth.com) on April 1, 2020. The blog post itself can be found here. Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should i...
For a Time Such as This
March 16, 2020 14:00 - 5 minutes - 3.79 MBSocial distancing to avoid the coronavirus will give us back time we might have spent elsewhere. But in a few months (we hope it's only a few), we will have gotten through this. You will look back at how you spent the extra time you were given. What will you remember? Being paralyzed by fear and cooped up in your home? This is the audio version of a blog posted on our website (investecwealth.com) on March 16, 2020. The blog post itself can be found here. Disclaimer: The information provide...