Wealth Management
b"About this Episode\\nToday we are honored to host Matt Maciel on the show. Matt, a former US Navy Veteran is the founder of Maciel Wealth Management a fiduciary, independent and veteran-owned financial planning firm. His firm is blazing a new trail by helping veterans gain better access to technology and customized financial strategies. Please download and listen to this episode to learn more about Matt.\\nKey Points of Discussion\\n\\n \\tMaciel\\u2019s life story\\n \\tNavy reservist\\n \\tBusiness Idea\\n \\tUnderstanding fiduciary and non-fiduciary\\n \\tReality of mutual funds\\n \\tEarning as a financial advisor\\n \\tAdvice for looking at a career as financial advisor\\n\\nKey Milestones of this Episode\\n[00:51] Matt Maciel\\u2019s life story\\n\\n[02:19] Life as Navy Reservist\\n\\n[03:57] Transition into the business\\n\\n[06:19] Fiduciary\\n\\n[09:58] Mutual Funds\\n\\n[18:45] Thrift Saving Plans\\n\\n[23:10] Commissions as a financial advisor\\n\\n[27:55] Advice for looking career as financial advisor\\nKey Quotes\\n\\n \\t\\u201cYou have to act in your client's best interest.\\u201d\\n \\t\\u201cI have some software that can help predict things. So I talked to people if they want to retire at 62, the software based on the amount of savings, Social Security, based on pensions and things like that, might say we only have a 50% chance of having a successful retirement.\\u201d\\n \\t\\u201cI definitely consider myself very fortunate to start a business, something I love and I'm passionate about.\\u201d\\n \\t\\u201cI'm passionate about it, I enjoy helping people but it would be very tough for me to go back and work for someone in a different capacity.\\u201d\\n\\nAbout Our Guest \\xa0\\nMatt Maciel is the owner of Maciel Wealth Management a fiduciary, independent and veteran-owned financial planning firm. His firm is blazing a new trail by helping veterans gain better access to technology and customized financial strategies. Three years ago he co-founded the Greater Kansas City Veterans Career Fair to help retiring service members and service members returning from deployment find employment and help veterans find better employment opportunities. The career fair has generated nearly $50,000 for veteran related nonprofits.\\n\\nLinkedIn\\n\\nWebsite\\n\\nFacebook\\nAbout Our Sponsors\\nNavy Federal Credit Union~at Navy Federal Credit Union, we want you to know that we have your back.\\xa0 We\\u2019ve all faced tough challenges individually. But right now, we\\u2019re facing some together.\\xa0 And the safety of our members, employees, and community is our first priority.\\n\\nWe know our members will face these times head-on.\\xa0 Still, at Navy Federal Credit Union, we want you to know that we have your back.\\xa0 Because uncertain times call for reliable service. No matter what, we remain committed to serving all of our members, all of the time.\\xa0 That means, our branches will remain open as long as possible. You can also get in touch with our world-class, member service. Whether you\\u2019re on ship or ashore, at home or abroad.\\xa0 We\\u2019ve had our members\\u2019 backs for 87 years. In good times and bad.\\n\\nMaybe that\\u2019s why we\\u2019ve been named one of the best Military Credit Unions by\\n\\nU.S. News and World Report.\\xa0 Serving active duty, veterans, and their families.\\n\\nNavy Federal Credit Union. Our Members Are The Mission.\\xa0 Insured by NCUA.\\n\\nAmerican Express is a registered service mark of American Express, used by Navy Federal under license.\\n\\nVisit navyfederal.org/veteranmove for more information.\\n\\nAMVETS ~ FOR THE 33rd CONSECUTIVE YEAR, a massive motorcycle run will take place in the nation\\u2019s capital over Memorial Day Weekend to raise awareness of the plight of U.S. prisoners of war and the 82,000 service members still missing in action. The ride will be known as 'Rolling To Remember.' The 2020 ride will also address the national suicide epidemic taking the lives of more than 20 military veterans a day. In close partnership with several other patriotic organizations, AMVETS is organizing what is expected to be the nation\\u2019s largest political demonstration of 2020 and the world\\u2019s la..."