Beyond Your Money: Recent Episodes
Michael Dukovich
Welcome to Beyond Your Money with Mike Dukovich from RBC Wealth Management. It’s your money, it’s your life, and it’s time for you to take control. We believe life’s greatest returns are realized when you invest beyond your money. Join us, and we’ll help you build the financial foundation for the life you envision
Ready to navigate the critical realm of debt, debit, and credit management?
Do you know how to recognize their profound influence on your overall financial well-being?
In this episode, Mike Dukovich continues the financial literacy conversation by shedding light on the intricate facets of debt, debit, and credit management.
From credit reports and scores and some must-know best practices, this conversation serves you as a handy resource to achieve not only a healthy debt-to-income ratio but also pave the path toward long-term financial stability and empowerment.
Mike discusses:
- Understanding different types of debt (ranging from credit cards to loans and
- mortgages) and the value of understanding their ‘terms and conditions’
- The truth about credit history
- How to review credit reports and scores and ways you can use them to your advantage
- Tips to determine a healthy debt-to-income ratio
- And more!
Resources:
- Budgeting & Cash Flow Management: What You Really Need To Know (Ep. 22)
- The Mortgage Process with Kevin Giza
Connect with Mike Dukovich:
- michael.dukovich@rbc.com
- MichaelDukovich.com
- (724) 933-4446
- RBC Wealth Management
- LinkedIn: Mike Dukovich
- LinkedIn: RBC Wealth Management
Are your expenses controlling you, or are you controlling your expenses?
Budgeting is the first step to achieving financial success and comfortability.
In this episode, Mike Dukovich unveils the importance of financial literacy and budgeting for achieving financial success. Mike sheds light on the SMART acronym while detailing the value of tracking and analyzing expenses and ways you can use tools (like budgeting apps or spreadsheets) to create a realistic budget and set financial goals.
Mike discusses:
- Using the SMART acronym (Specific, Measurable, Attainable, Relevant, Time-bound) as a framework for managing your finances
- The concept of a ‘slush’ fund for occasional splurges
- How to assess all sources of income and accurately track expenses
- Ways to round up and categorize expenses
- Tips to analyze expenses to create a realistic budget
- And more!
Resources:
- Breaking Down Financial Jargon: Understanding the Basics of Financial Literacy (Ep. 21)
Connect with Mike Dukovich:
- michael.dukovich@rbc.com
- MichaelDukovich.com
- (724) 933-4446
- RBC Wealth Management
- LinkedIn: Mike Dukovich
- LinkedIn: RBC Wealth Management
The truth is that not everyone across the United States knows about money, savings, and retirement planning. In fact, the average 65-year-old has yet to save for retirement.
Mike Dukovich wants to help change that…
This week, Mike explores the importance of financial literacy, budgeting, understanding credit, managing debt, and retirement planning. Mike highlights the lack of financial education in the US while stressing the need for individuals to have the knowledge and skills to make informed financial decisions.
Mike discusses:
- The reality of financial education for people of all ages, including high school and college students
- The value of saving early on and ways investing what you save can help you down the road
- The difference between good and not-so-good debt
- His financial advice for parents and their college children
- The nuances of investing
- Why you should always seek professional financial advice
- And more!
Resources:
- “The Wall Street Journal Guide to Understanding Money & Investing” by Kenneth M. Morris And Virginia B. Morris
Connect with Mike Dukovich:
- michael.dukovich@rbc.com
- MichaelDukovich.com
- (724) 933-4446
- RBC Wealth Management
- LinkedIn: Mike Dukovich
- LinkedIn: RBC Wealth Management
No more hiding behind the couch cushions to escape the tuition talk!
It’s time to face the facts, set realistic goals, and find the perfect balance between supporting your child’s dreams while preserving your wealth and sanity, too.
This week, Mike Dukovich reveals the truth about paying for college tuition and expenses. Mike unveils everything you need to know about college savings plans (529 plans) while exploring the different aids you can leverage while supporting your child in this new phase of life.
Mike discusses:
- From scholarships to loans, grants, and more: What’s available to pay for your child’s college expenses
- The importance of having the ‘money talk’
- Tracking your financial goals and savings as you plan for your child’s education
- Savings vehicles to help you think ahead
- The benefits of a 529 plan
- What happens if your child decides not to go to college
- And more!
Resources:
- Here’s What You Need To Know About The SECURE 2.0 Act (Ep. 19)
Connect with Mike Dukovich:
- michael.dukovich@rbc.com
- (724) 933-4446
- RBC Wealth Management
- LinkedIn: Mike Dukovich
- LinkedIn: RBC Wealth Management
For more information regarding college savings plans, please visit the College Savings Plans Network. Participation in a 529 Plan does not guarantee the investment return on contributions, if any, will be adequate to cover future tuition and other higher education expenses. State programs vary, and therefore, you should carefully review individual program documents before investing or sending money. Federal income tax on the earnings and a 10 percent penalty on distributions for non-qualified expenses may apply. RBC Wealth Management is not a tax advisor. All decisions regarding the tax implications of your individual investments should be made in connection with your independent tax advisor.
Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.
RBC Wealth Management, a division of RBC Capital Markets, LLC, registered investment adviser and Member NYSE/FINRA/SIPC.
Get ready to kick off the start of season 2 of Beyond Your Money with an in-depth look at the SECURE 2.0 Act (Setting Every Community Up For Retirement Enhancement).
In this episode, Mike Dukovich is back to share its ins and outs, which entail a significant update to the retirement savings landscape.
The original SECURE bill was signed into law in 2019, and its successor, the SECURE 2.0 Act, was signed into law on December 29, 2022. While there are numerous changes introduced by this bill, Mike focuses on the ones that are particularly relevant to his clients.
Mike discusses:
- The changes to the required minimum distribution (RMD) age and how that may impact you
- The role of potential tax saving strategies when it comes to the SECURE 2.0 Act
- The expansion of catch-up contribution limits
- If you don’t see it, you don’t miss it: The value of saving for retirement
- What you need to know about student loan payments and college savings
- And more!
Connect with Mike Dukovich:
- Michael.Dukovich@rbc.com
- (724)933-4446
- RBC Wealth Management
- LinkedIn: Mike Dukovich
- LinkedIn: RBC Wealth Management
Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.
RBC Wealth Management does not provide tax or legal advice. All decisions regarding the tax or legal implications of your investments should be made in connection with your independent tax or legal advisor. No information, including but not limited to written materials, provided by RBC WM should be construed as legal, accounting or tax advice.
RBC Wealth Management, a division of RBC Capital Markets, LLC, registered investment adviser and Member NYSE/FINRA/SIPC.
When going through the process of obtaining a mortgage, you likely have a lot of questions. Like, what type of mortgage should you apply for, and at what term? In this episode, Mike Dukovich sits down with Kevin Giza, president of The Giza Group, at Crosscountry Mortgage, LLC as they discuss mortgages. Kevin shares his … Continue reading The Mortgage Process with Kevin Giza →
In recent years, we have seen an increase in ESG Scores being used to determine whether or not individuals get involved with a specific investment. ESG Scores are used to determine the efforts made by companies in the areas of environment, social and governance. In this episode, Mike Dukovich sits down with Kent McClanahan, vice … Continue reading The Importance of ESG in Investing With Kent McClanahan →
The universal truths in wealth management – guidelines designed to help you reach your financial goals. In this episode, Mike Dukovich welcomes you to part 2 of his series on the universal truths of wealth management. Mike discusses even more truths that he thinks you need to know to make better informed decisions. Mike discusses: … Continue reading The Universal Truths in Wealth Management, Part 2 →
There are universal truths that you should be following that can help you make better and more informed decisions with your money. In this episode, Mike Dukovich takes you through some of his own personal universal truths he has developed. Mike walks you through these truths and helps you understand what you need to know … Continue reading The Universal Truths in Wealth Management, Part One →
For one reason or another, people tend to have misconceptions or confusion around the topic of annuities and whether or not they make sense in a wealth plan. In this episode, Mike Dukovich is joined with Michael Clark, divisional annuity consultant with RBC, as they discuss all things annuity! Mike shares an in-depth look at … Continue reading The Misconceptions of Annuities Addressed – with Michael Clark →
Whenever you make a decision to enter or pull out of the market, there is behavioral psychology behind it. This psychology could be leading you to make the wrong decisions! In this episode, Mike Dukovich uses his background in psychology to speak about some of the most common biases that exist when making financial decisions. … Continue reading The Psychology Behind Your Financial Decisions →
It’s possible to keep your memories alive while reducing clutter throughout your home — getting rid of physical items doesn’t mean you have to lose connection to the memories. In this episode, Mike Dukovich is joined once again by Jill Yesko, the Founder and President of Discover Organizing. Together, they dive deeper into organizing clutter and … Continue reading The Importance of Staying Organized, Part Two – with Guest Jill Yesko →
Have you ever wondered what a Professional Organizer could do for you? In this episode of the Beyond Your Money Podcast, Mike Dukovich speaks with Jill Yesko, the Founder and President of Discover Organizing. Together they dive into conversation about how a professional organizer could help you with your personal and financial life. In this … Continue reading The Importance of Staying Organized, Part One – with Guest Jill Yesko →
Have you ever wondered where to put your discretionary investable dollars, and in what order? In this episode of the Beyond Your Money Podcast, Mike Dukovich provides a financial flowchart that will help guide you on what to fund and when. Mike breaks down a financial strategy that fits into every stage of life. In … Continue reading The Financial Flow Chart →
Ever wonder about trusts? There is so much conflicting information out there about trusts that it can be overwhelming. In this episode of the Beyond your Money podcast Mike Dukovich talks about an ongoing debate by discussing the pros and cons between active and passive investments. Then, while going ‘Beyond Your Money’ he is joined … Continue reading Active vs. Passive Investments / Trusts with Attorney Jay Hagerman →
Mike discusses dollar cost averaging, and then helps navigate a critical element of a comprehensive wealth plan by reviewing the elements of estate planning. In this episode of the Beyond Your Money Podcast, Mike Dukovich talks about the investment strategy called dollar cost averaging. He then discusses the basics of estate planning, as he walks … Continue reading Dollar Cost Averaging and The Elements of Estate Planning →
While many advisors are generalists, Mike enjoys working with specific kinds of clients. In this episode of Beyond Your Money Podcast, Mike Dukovich talks about why he enjoys serving young professionals and retirees. He walks you through solutions to young professionals’ top financial challenges, which professionals tend to embrace the planning process, and why his … Continue reading Why Mike Focuses on Helping Young Professionals and Retirees Solve Their Biggest Financial Problems →
Coming fully prepared for the first meeting with your financial advisor makes for a more comfortable, efficient, and rewarding experience. But what should you bring to your meeting? In this episode of Beyond Your Money, Mike Dukovich dives into the client experience, unpacking his process and how he helps clients and prospects prepare for the … Continue reading What You Should Know Before Meeting With a Financial Advisor →
We’re always going to have periods of market volatility. Having a plan in place can help prevent emotions from dictating your decisions. In this episode, Mike Dukovich tackles the topic of market volatility. He uncovers 11 tips to help you stay sane during moments of volatility spikes, why it’s important to plan and not allow … Continue reading 11 Tips for Handling Market Volatility →
As a client, do you feel it is important to know how your advisor is getting paid? Do you wonder what goes into building portfolios, and how advisors review those investments? In this episode of the Beyond Your Money Podcast, host Mike Dukovich offers a look into how he gets paid and shares why transparency … Continue reading The 2 Most Common Questions Advisors are Asked →
In the financial world, there are countless names for advisors, and each means something a little bit different from the next. What sets each apart from the other? How is comprehensive wealth management different from the services a typical financial advisor provides? In this episode of the Beyond Your Money Podcast, host Mike Dukovich provides … Continue reading What is Comprehensive Wealth Management? →
Welcome to the Beyond Your Money podcast! In this inaugural episode, you’ll meet your host Mike Dukovich, a financial advisor and Retirement Income Certified Professional® at RBC Wealth Management. Mike explains his approach to wealth management and what it means to offer clients a one-stop-shop that addresses every aspect of their financial lives. In this … Continue reading Meet Your Host, Mike Dukovich →