Welcome to Your Money & A Cup of Joe! This is the show where we break down complex wealth management strategies into understandable terms to help you on your path to living an amazing life of significance. In our inaugural episode, we introduce you to Joe Calao, Senior Vice President-Wealth Management at the Calao Wealth Management Group, who is working with his clients to discuss their visions for the future and help them confidently pursue their life goals. To start our show on the right note, Joe provides a detailed overview on the benefits of stress testing your current financial plan. Given the tremendous amount of uncertainty in our world right now, there's never a better time to consider a stress test to evaluate the current and future performance of your established wealth plan. So sit back, relax, and enjoy this thought-provoking episode that's sure to leave you considering this strategy within your own wealth plan. Timecodes:0:06 - Introduction and welcome to the show1:09 - Welcoming Joe Calao to the show 1:54 - Given the uncertainty in our world, people should be considering a stress test3:01 - Stress testing is a regular practice of the affluent 4:02 - The three main elements that stress tests can analyze5:35 - Why someone would have been prompted to see Joe and his team for a stress test7:01 - An example of how a stress test helped someone address an issue9:08 - The keys to making sure a stress test is done well11:08 - How the human element comes into play within the stress testing process14:30 - A lesson that can be learned from the ultra affluent17:36 - The assessment people leave with after conducting a stress test19:15 - Closing remarksConnect with Joe Calao:WebsiteLinkedIn

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