The Confident Retirement

What are the smartest ways for HENRYs (High Earners, Not Rich Yet) to save for their child's future college expenses—and what are the pros and cons of each option?In this episode of The Confident Retirement Podcast, host Kris Flammang and LPF Advisors' Armando Faucy-Smith and Collin Habig take a deep dive into college planning for HENRYs. They break down the three most popular ways to save for your child's education—529 plans, custodial accounts, and parent-owned brokerage accounts. The team explains how each account works, key differences in flexibility, tax treatment, and financial aid impact, plus common mistakes to avoid when choosing the right college savings path.5 Key Takeaways→ A 529 plan offers tax advantages for education expenses and is generally the most “financial aid friendly” option for parents. → Custodial accounts (UGMA/UTMA) offer more flexibility but come with fewer tax benefits and count more heavily against financial aid eligibility. → Parent-owned brokerage accounts provide the most control and flexibility but lack tax perks for education and count as parental assets for financial aid. → Tax treatment, account ownership, and how funds are used (or not used for college) can have a huge impact on long-term savings outcomes. → It's essential to understand your goals, your state's rules, and to work with a financial advisor to tailor the right strategy for your family.Best Quotes from the Episode “The 529, of all the plans we're going to talk about today, is probably the broadest one in terms of defining higher education.” “People often underestimate how limited the flexibility is in a 529, and overestimate how free custodial money is—once your kid turns 18 or 21, that account is their money.” LPF Advisors Website: lpfadvisors.com Kris Flammang (LinkedIn): Kristopher Flammang Collin Habig (LinkedIn): Collin Habig Armando Faucy-Smith (LinkedIn): Armando Faucy-Smith Schedule a Consultation: Take your "money temperature" and create a personalized wealth-building strategy. Subscribe: Follow the podcast for more Smart Money strategies for HENRYs. Connect with the Advisors Learn more about your ad choices. Visit megaphone.fm/adchoices

How can HENRYs (High Earners, Not Rich Yet) start building a lasting financial legacy, even before reaching traditional “wealthy” status? In this episode of The Confident Retirement Podcast, host Kris Flammang is joined by LPF Advisors' Armando Faucy-Smith and Collin Habig for the next installment in their special series tailored to HENRYs. They break down practical, actionable steps for high earners still on their journey to building true wealth, covering everything from foundational planning to mindset, investing, and preparing for life's significant milestones.5 Key Takeaways → Understand the importance of starting legacy planning before you feel “wealthy.” → Learn how to align your financial strategies with your values and long-term goals. → Discover common mistakes HENRYs make—and how to avoid them. → Get actionable tips for optimizing savings, investments, and tax strategies. → See why working with the right advisor makes a difference in your financial journey.Best Quotes from the Episode “Building a legacy isn't just about money—it's about intention, impact, and the life you want to create.” “Even if you're not ‘rich yet,' you have the power to make smart decisions today that set up a stronger tomorrow.” LPF Advisors Website: lpfadvisors.com Kris Flammang (LinkedIn): Kristopher Flammang Collin Habig (LinkedIn): Collin Habig Armando Faucy-Smith (LinkedIn): Armando Faucy-Smith Schedule a Consultation: Take your "money temperature" and create a personalized wealth-building strategy. Subscribe: Follow the podcast for more Smart Money strategies for HENRYs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you earning more but saving the same? How to avoid the lifestyle inflation trap that keeps HENRYs from building real wealth.In this episode of The Confident Retirement Podcast, host Kris Flammang and advisors Armando Faucy-Smith and Collin Habig from LPF Advisors continue their special series designed for HENRYs (High Earners, Not Rich Yet). They break down why so many professionals who make excellent money still struggle to build wealth, and provide actionable strategies to reverse this common pattern.Key Takeaways:→ Lifestyle inflation is the gradual habit of spending more as you earn more, causing your savings rate to remain flat even as income increases→ HENRYs are particularly vulnerable to lifestyle creep, especially in professions like medicine, law, and tech where income can double in short periods→ Take your "money temperature" regularly by asking: Have fixed expenses increased recently? Are you upgrading just because you can? Would a 20% income drop cause financial trouble? Are you saving a higher percentage than last year?→ Automate your savings first (aim for 20-30% of gross income) and then enjoy spending what remains without guilt→ Focus on controlling the "big rocks" of spending (housing, cars, travel) rather than stressing about small purchases like coffee or takeoutQuotes from the Episode:"You can afford almost anything if you're in that high-income bracket—you just can't afford everything at once." - Collin Habig, Financial Advisor "Take your money temperature, get a clear picture of your priorities, and upgrade intentionally, not automatically." - Armando Faucy-Smith, Financial Advisor Connect with LPF Advisors: Website: https://www.lpfadvisors.com/ Connect with Kris Flammang: https://www.linkedin.com/in/kristopher-flammang-lpfadv/ Connect with Collin Habig: https://www.linkedin.com/in/collinhabig/ Connect with Armando Faucy-Smith: https://www.linkedin.com/in/armando-faucy-smith/ Schedule a consultation to take your "money temperature" and create a personalized wealth-building strategy Subscribe to the podcast for more Smart Money strategies for HENRYs New boost Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor, or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. Are you a high earner who hasn't built wealth yet? Here's how to strategically invest and grow your money. In this episode of the Confident Retirement Podcast, host Kris Flammang and advisors Armando and Colin continue their HENRY series (High Earner, Not Rich Yet). They tackle the common challenge that many high-income professionals face: having the capacity to invest more but lacking knowledge about where and how to do it effectively. The team explains the three-bucket approach to organizing financial goals based on time horizons, discusses which investment vehicles are appropriate for different goals, and explores the benefits of retirement accounts, including employer-sponsored plans. Key Takeaways: → Understanding your risk tolerance is essential to developing a sound investment strategy that aligns with your financial goals and time horizon. → The "three bucket approach" categorizes your financial goals into short-term (3-5 years), intermediate (5-10 years), and long-term (10+ years) buckets, with appropriate investment vehicles for each. → For short-term goals, focus on principal-protected vehicles like high-yield savings accounts, certificates of deposit, or Treasury bills to ensure your money is available when needed. → Long-term investments (10+ years) can include growth-oriented options like ETFs, mutual funds, and individual stocks since you have time to weather market fluctuations. → Maximize employer-sponsored retirement plans like 401(k)s, especially when matching contributions are available, as they offer higher contribution limits than IRAs and potential tax advantages. Connect with LPF Advisors https://www.lpfadvisors.com/ Connect with Kris Flammang https://www.linkedin.com/in/kristopher-flammang-lpfadv/ Connect with Collin Habig https://www.linkedin.com/in/collinhabig/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. Why is diversification important for managing risks for high income earners? In this episode, we explore effective tax strategies tailored for high earners, including the importance of maximizing contributions to tax-advantaged accounts like 401ks and backdoor Roth IRAs, and implementing tax loss harvesting to efficiently manage tax liabilities. The discussion highlights a diversified investment approach, recommending a balanced portfolio of mutual funds, exchange-traded funds, and real estate to mitigate risk and avoid over-concentration in high-risk assets. Listeners will discover how these financial principles can help prevent lifestyle inflation, manage debt effectively, and ultimately establish long-term financial stability and wealth accumulation, with practical tips on prioritizing saving before upgrading lifestyle and managing investment risks specifically relevant to high-income earners. Key Takeaways Tax-advantaged accounts like 401(k)s and backdoor Roth IRAs are essential tools for high earners to minimize tax liabilities. Tax loss harvesting serves as an effective strategy for managing tax obligations while optimizing investment returns. A diversified investment portfolio including mutual funds, ETFs, and real estate helps mitigate risk for high-income individuals. Preventing lifestyle inflation by prioritizing saving before upgrading your lifestyle is crucial for long-term financial stability. Deliberate debt management combined with strategic investment diversification creates a foundation for sustainable wealth accumulation. Connect with LPF Advisors https://www.lpfadvisors.com/ Connect with Kris Flammang https://www.linkedin.com/in/kristopher-flammang-lpfadv/ Connect with Collin Habig https://www.linkedin.com/in/collinhabig/ Connect with Armando Faucy-Smith https://www.linkedin.com/in/armando-faucy-smith/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. Why should over-diversification be avoided in portfolio management? Diversification in investments is a fundamental strategy akin to spreading bets at a casino to mitigate risk, ensuring that not all financial eggs are in one basket. Kris Flammang articulates that true diversification goes beyond merely owning a multitude of investments; it's about how these investments interact with market changes. He advises focusing on asset classes like stocks, bonds, and alternative investments, and stresses the importance of consulting professionals to create a portfolio that acts as a protective buffer during volatile periods. Similarly, Colin Habig underscores diversification as a pivotal method for risk management and enhancing long-term returns, emphasizing the need to spread investments across various asset classes, industries, and geographies. He warns that over-diversification can complicate portfolio management, highlighting the value of professional guidance to ensure alignment with personal financial goals and time frames. Key Takeaways Diversification in investments is akin to spreading bets at a casino to lower risk Over-diversification should be avoided to prevent complications in portfolio management Balancing asset classes and seeking professional advice can help establish a well-rounded investment strategy Connect with LPF Advisors https://www.lpfadvisors.com/ Connect with Kris Flammang https://www.linkedin.com/in/kristopher-flammang-lpfadv/ Connect with Collin Habig https://www.linkedin.com/in/collinhabig/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. What is the purpose of an emergency fund? Armando Faucy-Smith, a credentialed financial advisor at LPF Advisors, is a fervent advocate for establishing an emergency fund as a cornerstone of personal financial stability. He underscores the importance of having a safety net to handle unexpected expenses, such as car repairs, medical bills, or job loss, without resorting to credit cards or loans. Emphasizing the need to keep these funds separate from regular checking accounts to curb impulse spending, Faucy-Smith suggests placing them in a high-yield savings or money market account. He advises clients to start with modest savings targets, such as $500 or $1,000, and gradually build towards covering three to six months of living expenses, celebrating milestones along the way to maintain motivation. Key Takeaways Having an emergency fund is crucial for handling unexpected expenses and avoiding reliance on credit cards or loans. It is important to distinguish between true emergencies and non-essential expenses when using the emergency fund. Experts recommend saving three to six months of living expenses in the emergency fund, considering individual circumstances like marital status and proximity to retirement. Connect with LPF Advisors https://www.lpfadvisors.com/ Connect with Kris Flammang https://www.linkedin.com/in/kristopher-flammang-lpfadv/ Connect with Armando Faucy-Smith https://www.linkedin.com/in/armando-faucy-smith/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. What is the difference between a will and a living will? Estate planning is essential for individuals of all ages and financial statuses, emphasizing the importance of having the right documents in place to manage one's affairs. These key documents include a will, a living will, a healthcare surrogate, and a power of attorney. Together, they play a crucial role in ensuring that personal wishes regarding asset distribution, medical decisions, and estate management are respected. The will is particularly vital as it allows individuals to designate guardians for minor children and protect assets from default state laws that might not reflect personal intentions. Additionally, a living will can provide significant peace of mind by specifying medical treatment preferences, which helps reduce the emotional strain on family members and offers guidance to healthcare professionals in critical situations. Key Takeaways Will Essentials: A will ensures assets are distributed as desired and allows appointing guardians for minors. It's crucial to prevent state default rules from overriding personal wishes. Living Will Importance: A living will specifies preferences for life-sustaining treatments, guiding both medical professionals and loved ones, thereby avoiding family disputes and ensuring medical decisions align with personal desires. Comprehensive Planning: Colin Habig highlights the importance of having a complete estate plan that includes a will, living will, healthcare surrogate, and power of attorney to manage both assets and personal decisions effectively. Professional Guidance: For complex estate situations, Colin recommends consulting with an attorney to create a tailored estate plan that addresses specific legal and personal needs. Connect with LPF Advisors https://www.lpfadvisors.com/ Connect with Kris Flammang https://www.linkedin.com/in/kristopher-flammang-lpfadv/ Connect with Collin Habig https://www.linkedin.com/in/collinhabig/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. Phil Blancato, an experienced investment manager and thought leader in macroeconomic theory, offers an optimistic yet cautious perspective on the U.S. economy. Emphasizing the nation's exceptionalism, diversified economy, and strong demographics, Blancato believes that managing debt effectively while fostering economic growth is crucial for the country's long-term prosperity. He notes the unique post-pandemic situation of high interest rates without economic overheating, crediting robust job markets and wage increases with maintaining economic resilience. However, Blancato stresses the importance of transitioning from recent economic stimuli to sustainable growth models and remains vigilant about rising debt levels and their potential impact on fiscal stability.   Here's what to expect this episode:  Interest rates raised post-pandemic despite the economy not being overheated due to supply chain disruptions. US economy and consumers in good shape with strong job markets and wage increases. Forecasting economic themes based on macroeconomic theory crucial for shaping investment decisions. Top 10% of Americans represent 50% of spending, driving economic activity. Market correction of 10-15% normal, opportunities in mid cap growth stocks. Investment opportunities in energy sector growing due to AI technology and cryptocurrencies.   Connect with Phil Blancato https://www.ltam.com/   Connect with Kris Flammang https://www.linkedin.com/in/kristopher-flammang-lpfadv/ https://www.lpfadvisors.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

URL:  https://www.lpfadvisors.com/ The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. Moderna's YES Plan offers its employees a unique opportunity to align their annual equity awards with their individual financial goals by choosing between stock options and restricted stock units (RSUs). The 2025 Equity Awards introduce a pivotal change, shortening the vesting schedule from four years to two, which expedites employees' access to equity value. Kris Flammang and Collin Habig, both deeply invested in financial advisory, underscore the importance of this plan as a cornerstone of Moderna employees' financial strategies. They stress the necessity of early decision-making, leveraging educational resources, and consulting with financial advisors to tailor equity awards to personal financial objectives, thus avoiding the pitfalls of hastily made choices. Both Flammang and Habig advocate for a balanced, informed approach, cautioning against the potential risks associated with stock options losing value, and highlighting the benefits of the enhanced flexibility provided by the YES Plan.   Here's what to expect this episode: Moderna's YES Plan allows employees to customize their equity awards by choosing between stock options and RSUs to align with their financial goals. The 2025 Equity Awards by Moderna have been updated to shorten the vesting schedule from four to two years, providing employees quicker access to the value of their equity awards. Moderna offers resources such as a stock options versus RSUs calculator and educational sessions to help employees make informed decisions about their equity selections.   Connect with Collin Habig https://www.linkedin.com/in/collinhabig/   Connect with Kris Flammang https://www.linkedin.com/in/kristopher-flammang-lpfadv/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. Kyle Gernhofer, a dentist and entrepreneur from northern Michigan, is the founder of Denscore, a direct-to-consumer dental navigation company established in 2019. Gernhofer's perspective on Denscore is deeply rooted in his commitment to enriching the dental industry by creating a platform that educates consumers about their dental care needs. Drawing from his vast experience in the field, including a stint in the US Navy and a decade of running a private practice in San Diego, he aims to make dentistry more accessible and comprehensible for consumers. This commitment extends to Denscore's business model, with strategic, non-dilutive investments and a strong focus on SEO strategies being employed to maintain the company's mission. Gernhofer's vision for Denscore is not just to aid consumers, but also to benefit dental practices by fostering a more informed patient base.   Here's what to expect this episode: Military experience in the US Navy provided Dr. Kyle Gernhofer with skills and confidence for dental procedures. Dr. Gernhofer's military experience led to his private practice and work at Denscore. Denscore analyzes user data to determine desirable dentists based on affordability, quality, and convenience. The Dental Practice Evaluation Algorithm evaluates dental practices based on experience, office hours, insurance participation, and payment plans. Importance of SEO in reaching a wider audience for the dental navigation tool and blog content. Denscore aims to enhance treatment decision support through AI learnings, work with DSOs, dental practices, and insurance companies.   Connect with Collin Habig https://www.linkedin.com/in/collinhabig/   Connect with Kris Flammang https://www.linkedin.com/in/kristopher-flammang-lpfadv/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.   Sarasota Memorial Hospital has recently made significant updates to its retirement plan, aiming to enhance investment choices, reduce costs, and better support employees' retirement goals. Kris Flammang highlights that these changes were made with participants' best interests at heart, focusing on improving investment options by introducing new funds and lowering expenses, ultimately providing employees with more beneficial choices. He urges employees to review their allocations and adjust contributions accordingly to align with their retirement goals. Similarly, Collin Habig values the plan's updates, particularly the inclusion of target date funds and the automatic rebalancing feature, as a positive move to keep employees on track with their retirement objectives. He encourages participants to assess their new investments and make necessary adjustments to ensure their portfolios reflect their individual saving goals.   Here's what to expect this episode: Enhancements to the investment lineup and reduction in investment expenses can significantly impact employees' retirement savings. Automatic redirection of balances from eliminated funds to replacements, rebalancing of accounts, and updates to default investment options contribute to ensuring employees' retirement savings align with their goals. Participants should review their new investments, ensure future contributions align with their goals, and update beneficiaries if needed.   Connect with Collin Habig https://www.linkedin.com/in/collinhabig/   Connect with Kris Flammang https://www.linkedin.com/in/kristopher-flammang-lpfadv/ https://www.lpfadvisors.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.   Choosing the right pension payout option is a critical decision that significantly influences retirement security, with commonly available choices including single life annuity, joint and survivor annuity, lump sum, and term certain. Each of these options comes with its own set of benefits and drawbacks, making it essential to consider factors such as a spouse's needs, age, health, and other sources of income when making a decision. Kris Flammang underscores the importance of taking time to thoroughly evaluate these options in the context of one's overall financial plan and lifestyle goals, often sharing anecdotes of clients who changed their initial decisions after a comprehensive review of their situation. Collin Habig echoes this perspective, emphasizing the need for a detailed understanding of financial aspects like retirement savings and debt, and the importance of using projections to foresee the impact of each option on future income. Both highlight the value of consulting a financial advisor to ensure that the chosen option aligns with individual and family goals, thus avoiding rushed decisions that might have long-term repercussions on retirement security. Here's what to expect this episode: Consider factors like spouse's needs, age, health, other income sources when choosing pension payout options. Different pension payout options have various implications like income for both parties, better health options, and control and flexibility. Seek advice from financial advisor for informed choices aligning with financial goals and ensuring long-term financial security. Connect with Collin Habig https://www.linkedin.com/in/collinhabig/ Connect with Kris Flammang https://www.linkedin.com/in/kristopher-flammang-lpfadv/ Learn more about your ad choices. Visit megaphone.fm/adchoices

URL:  https://www.lpfadvisors.com/   Episode Summary: The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.   Roth IRA conversions offer a strategic financial maneuver for individuals aiming to optimize their retirement savings by transferring funds from traditional retirement accounts to a Roth IRA. This process allows for tax-free growth and withdrawals during retirement, though it requires paying taxes upfront. Financial experts Kris Flammang and Collin Habig both stress the significance of having a well-thought-out plan before embarking on Roth conversions. Drawing from their extensive experience in financial planning, they advocate for partial conversions over time to manage tax liabilities effectively and to work within current tax brackets, thereby minimizing potential impacts on Medicare premiums and future tax bills. They highlight the necessity of collaborating with financial planners to tailor strategies to individual circumstances, particularly for those with a longer time horizon before retirement or those in lower current tax brackets, ensuring that Roth conversions contribute to a tax-free legacy for heirs.   Here's what to expect this episode: ·        Strategically converting portions over several years can lock in current tax rates and avoid required minimum distributions in retirement.   ·        Working with financial planners to fine-tune the conversion process ensures individuals do not exceed tax thresholds and account for state income taxes.   ·        Roth conversions are beneficial for leaving a tax-free legacy to heirs, making them an excellent tool for long-term planning.   Connect with Collin Habig https://www.linkedin.com/in/collinhabig/   Connect with Kris Flammang https://www.linkedin.com/in/kristopher-flammang-lpfadv/   Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. The bucket strategy is an innovative approach to retirement planning that involves segmenting savings into distinct categories based on time horizons and purposes, aiming to tackle inflation, market, and longevity risks. This strategy is praised by financial experts like Kris Flammang and Collin Habig, who consider it a game changer in managing retirement income efficiently. Both Flammang and Habig emphasize the strategy's ability to simplify decision-making, provide peace of mind, and maintain a sustainable lifestyle by addressing the key risks associated with retirement. Their belief in the bucket strategy is rooted in its flexibility and effectiveness in navigating the emotional facets of financial planning while ensuring retirees can confidently manage their finances over the long term.   Here's what to expect this episode: The bucket strategy helps address inflation, market risk, and longevity risk by splitting retirement savings into different buckets based on time horizon and purpose. Bucket 2 provides stability during mid-years of retirement, while Bucket 3 is designed for growth in later years to combat the effects of inflation and ensure income keeps up with rising costs. Implementing the bucket strategy simplifies decision-making, instills confidence in the financial plan, and helps individuals manage retirement income effectively by aligning investments with specific timeframes and needs.   Connect with Collin Habig https://www.linkedin.com/in/collinhabig/   Connect with Kris Flammang https://www.linkedin.com/in/kristopher-flammang-lpfadv/   Learn more about your ad choices. Visit megaphone.fm/adchoices

URL:  https://www.lpfadvisors.com/   Episode Summary: The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. The Secure Act has brought significant changes to the landscape of inherited IRAs, most notably with the implementation of a 10-year rule for non-spouse beneficiaries. This rule requires that the entire balance of an inherited IRA be withdrawn within a decade, necessitating strategic tax planning to avoid unnecessary tax burdens. Kris Flammang and Collin Habig, both experts in financial planning, stress the importance of understanding this new regulation and the necessity of spreading distributions over the 10-year period. Their perspectives are shaped by their extensive experience in advising beneficiaries to manage taxable income efficiently, ensuring compliance with the updated rules. Both Flammang and Habig advocate for consulting with tax professionals or financial advisors, highlighting the complexity of the Secure Act and the need for proactive planning to maximize financial benefits.   Here's what to expect this episode: Tax planning is crucial to navigate the new rules introduced by the Secure Act for non-spouse beneficiaries of inherited IRAs. Beneficiaries must determine their beneficiary type and consult professionals to create a distribution strategy that complies with the regulations and minimizes tax implications.   Connect with Collin Habig https://www.linkedin.com/in/collinhabig/   Connect with Kris Flammang https://www.linkedin.com/in/kristopher-flammang-lpfadv/   Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.   Tax efficient investing is a strategic approach designed to minimize the tax burden on investments, thereby enhancing overall returns. This method involves placing various types of investments in specific accounts based on their tax implications, such as holding high-income assets like bonds and mutual funds in tax-deferred accounts and placing tax-efficient vehicles like index funds and ETFs in taxable accounts. Kris Flammang advocates for using strategies like asset location and tax loss harvesting to reduce tax liabilities, highlighting the role of Roth IRAs for younger investors, and recommends consulting professionals for personalized strategies. Meanwhile, Collin Habig underscores the importance of tax-efficient investing through the strategic placement of assets and emphasizes the potential of tax-loss harvesting to offset gains, advocating for a tailored approach with the guidance of financial experts to optimize tax efficiency. Both perspectives converge on the importance of strategic planning and professional advice in achieving long-term financial success. Here's what to expect this episode: High-income generating assets like bonds and mutual funds are best kept in tax-deferred accounts like 401ks and IRAs.     Tax-efficient investments like index funds and ETFs are more suited for taxable accounts. Tax loss harvesting is a tactic used to offset capital gains by selling investments that have lost value, reducing overall taxable income. Connect with Collin Habig https://www.linkedin.com/in/collinhabig/ Connect with Kris Flammang https://www.lpfadvisors.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.  Financial wellness programs have become an essential part of employee benefits, offering valuable resources to enhance financial literacy and help employees achieve long-term financial stability. These programs present an opportunity for individuals to explore and utilize various financial benefits provided by their employers, such as extra life insurance, disability coverage, retirement planning tools, and legal services, often through resources like benefits portals and HR departments. Kris Flammang champions the idea that effectively managing personal finances through these programs can significantly reduce financial stress and aid in future planning. With a background in financial advising, he stresses the importance of leveraging incentives, like contributions to health savings accounts, to boost financial health. Similarly, Collin Habig underscores the necessity of thoroughly researching and prioritizing financial goals to maximize these offerings, advocating for active engagement with educational resources to unlock the full potential of available benefits.   Here's what to expect this episode: Prioritizing personal financial goals and aligning resources accordingly is crucial for employees to improve their financial health. Taking advantage of free webinars, workshops, and online courses offered by employers can enhance financial literacy and planning. Utilizing incentives like financial rewards and contributions to HSA or retirement plans can help employees work towards financial success. Access to legal services for estate planning or court representation can be valuable resources provided by employers to support employees in their financial wellness journey.   Connect with Collin Habig https://www.linkedin.com/in/collinhabig/   Connect with Kris Flammang https://www.linkedin.com/in/kristopher-flammang-lpfadv/   Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.   Social Security is a cornerstone of retirement planning in the United States, offering essential financial support through retirement, disability, and survivor benefits, all funded by payroll taxes from workers and employers. Kris Flammang and Collin Habig both underscore the critical importance of understanding Social Security basics as a foundation for making informed financial decisions. Their perspective, shaped by their expertise in financial planning, highlights the necessity of considering a range of factors such as longevity, health, and income needs when determining the optimal time to claim benefits. Both advocate for the strategic delay of benefits to potentially enhance monthly payouts, particularly emphasizing the role of spousal and survivor benefits in maximizing overall financial security for couples. They recommend consulting with financial professionals to effectively navigate these complex decisions.   Here's what to expect this episode: Consider factors like longevity, income needs, and spousal benefits when deciding on when to start claiming Social Security benefits Delaying Social Security benefits until full retirement age or even age 70 can result in larger monthly payments Strategic planning and seeking advice from financial professionals can help maximize Social Security benefits and secure financial well-being in retirement.     Connect with Collin Habig https://www.linkedin.com/in/collinhabig/   Connect with Kris Flammang https://www.linkedin.com/in/kristopher-flammang-lpfadv/   Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.   When planning for retirement, understanding the differences between traditional and Roth IRAs is crucial, as each has unique tax advantages and withdrawal rules that could significantly impact your financial future. Kris Flammang and Collin Habig both underscore the importance of these distinctions, with Flammang noting that traditional IRAs offer tax deductions on contributions but require taxable withdrawals and mandatory distributions, while Roth IRAs feature tax-free growth and more flexible withdrawal options. Both experts agree that choosing the right type of IRA depends heavily on individual circumstances, such as one's expected tax bracket in retirement and long-term financial goals. They strongly advocate for personalized advice from financial advisors and tax accountants to ensure that retirement strategies are tailored to meet specific needs and objectives.   Here's what to expect this episode: Roth IRAs offer tax-free withdrawals in the future, unlike traditional IRAs where withdrawals are taxed as ordinary income. Consideration of current and future tax brackets can impact the decision between traditional and Roth IRAs. Required Minimum Distributions start at age 73 for traditional IRAs, while Roth IRAs provide tax-free growth and withdrawal flexibility. Why is it important to consider current and future tax brackets when choosing between traditional and Roth IRAs?   Connect with Collin Habig https://www.linkedin.com/in/collinhabig/   Connect with Kris Flammang https://www.lpfadvisors.com/   Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. Collin Habig is a renowned expert in maximizing retirement contributions, particularly for self-employed individuals who face unique financial challenges. His approach emphasizes the significant tax advantages of SEP and Solo 401(k) plans, which allow for higher contribution limits compared to traditional IRAs, alongside advanced strategies like defined benefit plans for high-income earners. Collin advocates for the strategic deduction of expenses such as home office, business travel, and meals to further bolster retirement savings. He strongly encourages collaboration with tax professionals to uncover additional strategies and navigate the complexities of tax laws, helping individuals minimize their tax liabilities while maximizing their retirement funds. Here's what to expect this episode: Maximizing retirement contributions can help reduce taxable income and defer taxes until retirement. Self-employed individuals have deduction options such as home office expenses and contributions to retirement accounts to lower tax liabilities and increase retirement savings. Working with a tax professional is important for uncovering tax-saving strategies and maximizing available deductions for individuals with complex financial situations. Connect with Collin Habig https://www.linkedin.com/in/collinhabig/ Connect with Kris Flammang https://www.lpfadvisors.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.   This episode's guest co-host, Collin Habig, an advisor at LPF Advisors, specializes in making budgeting basics accessible and effective for individuals seeking financial stability. He emphasizes treating a budget as a living document, requiring regular reviews and adjustments to reflect changes in one's financial situation. Advocating for monthly budget assessments, he believes that tracking income and expenses accurately allows individuals to make informed financial decisions, thereby reducing unnecessary stress. By breaking down complex financial concepts into simple steps and promoting the 50-30-20 rule, he empowers individuals to take control of their finances and pursue their financial goals with confidence.   Here's what to expect this episode: Budgeting is a tool for managing money, tracking income, and expenses to achieve financial goals. Setting short-term and long-term financial goals is crucial for attaining stability, peace of mind, and preparing for retirement. The Confident Retirement podcast offers valuable information on financial topics to help improve financial literacy. Connect with Kris Flammang https://www.lpfadvisors.com/   Learn more about your ad choices. Visit megaphone.fm/adchoices

URL: https://legalbrains.com/our-attorneys/michael-vater-esq/   Episode Summary: The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.   Michael Vater is the managing partner of Ticket and Law Group in Deerfield Beach, Florida, where he specializes in personal injury and business litigation, among other areas. Recognized as a rising star by Super Lawyers for four consecutive years, Michael has garnered a reputation for excellence in his field. He believes that his firm's strength lies in their comprehensive litigation background, proactive planning, and focus on client education, empowering clients to make informed decisions about their cases. Vater is dedicated to providing exceptional legal services while navigating the complexities of the legal system, with a future vision centered on public education through their website, social media, and blogs.   Here's what to expect this episode: ·        Michael Vater transitioned from mortgage foreclosure defense to personal injury law due to the changing economic landscape.   ·        Michael Vater shares a memorable case involving the application of European Union standards in connection with aviation travel and Icelandair.   ·        Michael Vater emphasizes communication, creativity, and cost-effectiveness as core values in his legal practice.   ·        Michael Vater emphasizes the importance of working with financial advisors and utilizing different investment vehicles for personal injury settlements, especially in cases involving minors.   ·        In Florida, minors receiving settlement amounts above $50,000 require a court-appointed third party called a Guardian at Lytem to oversee the funds and ensure the child's best interests are protected.   ·        Staying updated with changing laws and regulations poses a challenge for law firms to adapt quickly and ensure compliance with new legal requirements.   Connect with Michael Vater https://www.linkedin.com/company/the-ticktin-law-group-p.a./   Connect with Kris Flammang https://www.lpfadvisors.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

URL:  https://www.lpfadvisors.com/   Episode Summary: The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.   Collin Habig, a certified financial planner with LPF Financial Advisors, specializes in Moderna stock options and RSU planning. He emphasizes the importance of aligning stock option and RSU decisions with clients' values and long-term goals, providing expert guidance on equity selection, awards vesting, and strategic financial planning. Habig explains that stock options and RSUs are both long-term incentive plans, with stock options allowing employees to buy shares at a fixed price and RSUs being performance-based awards. He stresses the necessity of making these decisions based on financial goals rather than emotions, highlighting the need for a balanced financial plan to avoid common pitfalls and achieve long-term financial security.   Here's what to expect this episode: Understanding the differences between stock options and RSUs is crucial for informed decision-making. Stock options and RSUs vest over time, with exercise prices and tax implications playing key roles. Tax implications for stock options and RSUs differ, affecting financial planning and outcomes. Retirement planning is essential, and advisors like LPF specialize in guiding clients through stock options and RSU planning. Connect with Collin Habig https://www.linkedin.com/in/collinhabig/   Connect with Kris Flammang https://www.lpfadvisors.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

“The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations” In this workshop titled "Smart 401K Decisions" for Moderna employees, Kris Flammang and Collin Habig of LPF Advisors provided a comprehensive overview of Moderna's 401K plan. They began by explaining eligibility and contribution guidelines, including age and service requirements, company match details, and the options for Roth 401K contributions. They discussed the importance of diversifying investments, utilizing target date funds, and the flexibility within the plan. The session covered distribution options upon retirement or changing jobs, potential tax implications, and ways to avoid penalties. Common mistakes, such as failing to update beneficiaries or not maximizing contributions, were highlighted. The workshop emphasized the importance of aligning 401K strategies with overall financial goals and offered further resources and personal consultations to help employees optimize their retirement planning. The advisors encouraged participants to take advantage of auto-escalation features and consider a comprehensive approach that includes stock options and RSUs. They concluded by inviting attendees to contact them for personalized advice and future workshops on related topics. Takeaways Understanding Eligibility and Contributions: Employees become eligible for the Moderna 401K plan at 21 with one month of service. Contributions can be adjusted anytime, and setting an auto-increase is recommended for better savings. Maximizing Company Match and Roth 401K Options: To maximize the company match, employees should contribute at least 6% of their eligible earnings. High-income earners can benefit from the Roth 401K option, which allows for tax-free withdrawals in retirement. Diversifying Investments: The plan offers various investment options, including target date funds and individual funds, emphasizing the importance of diversification and matching investments to one's risk tolerance and time horizon. Distribution Options and Tax Implications: Upon retirement or changing jobs, employees have several distribution options, including lump sum withdrawals and direct rollovers to IRAs. They should be aware of tax implications and potential penalties for early withdrawals. Avoiding Common Mistakes: Listeners are reminded to regularly update their beneficiaries, increase contributions as income rises, and ensure their investments align with their risk tolerance and retirement timeline to avoid common mistakes in managing their 401K. Connect with Kris Flammang: (5) Kristopher Flammang CRPC®AIF®BFA® | LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

URL: https://www.lpfadvisors.com/team/collin-collin-habig-cfp   Episode Summary: The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.   Collin Habig is a certified financial planner and a recent addition to the LPF advisor family, bringing a wealth of expertise in financial planning issues related to equity compensation. With a strong background in risk management and corporate retirement planning, Collin is dedicated to tailoring strategies that meet each client's unique financial needs. He emphasizes the importance of understanding when to sell stock options based on individual goals and the tax implications involved, rather than merely focusing on market price. Fueled by a passion born from personal family financial struggles, Collin is committed to building long-term relationships with clients, offering both financial and emotional guidance to help them achieve stability and independence.   Here's what to expect this episode: ·        Colin Habig is a certified financial planner with expertise in risk management, corporate retirement planning, and equity compensation.   ·        Colin values independence in his work, providing unbiased and personalized financial guidance to his clients.   ·        The team approach in financial planning ensures clients have access to a wide range of professionals, creating a supportive environment for confident decision-making.   ·        Building long-term client relationships involves understanding goals, providing emotional support, and guiding clients through various life stages beyond just financial advice.     Connect with Collin Habig https://www.linkedin.com/in/collinhabig/   Connect with Kris Flammang https://www.lpfadvisors.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. Mark Gordon is a seasoned journalist with an extensive background that includes work in newspapers, magazines, and now, the Observer Media Group. His career journey began in Philadelphia, taking him to New York and ultimately leading him to Sarasota, where he serves as the managing editor of the Business Observer. Before embarking on this journey, Gordon worked as a juvenile probation officer in Philadelphia, an experience that, along with his geographic transitions, has informed his unique perspective. Gordon's attitude towards his career is shaped by his love for the dynamic nature of journalism and the various challenges and growth opportunities it presents. Despite journalism's lack of instant gratification, he finds fulfillment in the continuous flow of projects, working with a dynamic team, and the opportunity to create engaging content. His dedication to storytelling and the industry's constant evolution are evident in his work and leadership style. Here's what to expect this episode: • Mark Gordon transitioned from journalism to juvenile probation officer to business writing, finding his niche after 9/11 • Gordon emphasizes the importance of curiosity, asking questions, and seeking help in transitioning to business writing • He manages the Business Observer print edition, coordinates website stories, and writes leadership columns and strategy stories • Gordon discusses the need for media professionals to continuously learn and adapt to meet modern audience demands • The shift towards a digital-first approach in journalism is crucial to align with changing reader preferences • Successful entrepreneurs highlight the significance of perseverance, sticking to vision, and effective communication in leadership • Small businesses relocate to areas with better job markets and living conditions to attract talent, supporting business growth and driving economic development Connect with Mark Gordon https://www.linkedin.com/in/mark-gordon-7860b83/ Connect with Kris Flammang https://www.lpfadvisors.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode Summary: “The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations” Phil Blancato, the highly respected President and CEO of Ladenburg Thalmann Asset Management, has almost 35 years of experience in the investment management industry. Phil's viewpoint on investment management and macroeconomic theory has been shaped by his personal journey and background, having grown up in a blue-collar family. His primary focus is helping the everyday person achieve financial success instead of working exclusively with high-net-worth individuals, such as hedge fund leaders or private equity firms. Blancato underscores the importance of grasping macroeconomic trends and how they shape investment decisions, underlining the need to adjust portfolios based on shifting economic environments. With his pragmatic and relationship-oriented approach to investment management, Blancato is devoted to helping his clients attain their financial objectives and retire in comfort. Here is what to expect on this week's show: • Analyzing global economic trends is crucial for making informed investment decisions regarding where to invest. • Investment strategies involve analyzing global growth, currency strength, and sector performance to inform portfolio decisions on a micro level. • ETFs, mutual funds, and individual stocks offer unique advantages for investors based on factors like diversification, cost, and tax efficiency. • What are the unique advantages of ETFs, mutual funds, and individual stocks for investors? Connect with Phil Blancato https://www.ladenburg.com/investment-banking/ladenburg-thalmann-co-inc- Connect with Kris Flammang https://www.lpfadvisors.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode Summary: The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. Kristina Caballero is a highly experienced personal injury lawyer, boasting over a decade of experience in the field and a Bachelor's degree in Law from a prestigious university. Specializing in cases related to car accidents and slip-and-fall incidents, she has a firm belief in the importance of personal injury law as a means to protect individuals who have suffered due to the negligence or wrongdoing of others. Her perspective is shaped by her extensive experience in representing numerous clients and securing substantial settlements and verdicts for them. Caballero views personal injury law as a tool for seeking justice and providing support for those who have been wronged, and she emphasizes the importance of legal representation to navigate the complexities of personal injury cases and uphold the rights of victims. Here is what to expect on this week's show: • Establishing a strong client-attorney relationship is crucial in the legal process. • Specializing in personal injury, medical malpractice, and wrongful death cases requires navigating complex legal issues and providing support to clients during challenging times. • Financial planning includes guiding clients in post-settlement financial planning, such as setting up annuities, trusts, and investments for long-term sustainability. • Navigating strict court timelines and handling severe injury cases can be emotionally challenging for legal professionals. Connect with Kristina Caballero https://www.linkedin.com/in/kristina-georgiou-esq-97ab4851/ Connect with Kris Flammang https://www.lpfadvisors.com/team/kristopher-flammang Learn more about your ad choices. Visit megaphone.fm/adchoices

“The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.” Bruce Willey JD, CPA, has served as an accountant, tax and wealth-building specialist for individuals and business owners for over three decades. The founder of American Tax & Business Planning, LLC. Bruce is also an author, sought-after speaker and influential resource for tax law, application knowledge and strategic advisement. Bruce is focused on creating partnerships with his clients; his specialties include tax minimization, comprehensive and ongoing wealth and tax guidance as well as legacy planning and transition management for individuals and business owners. To reach those goals, Bruce and his team invest in thoroughly understanding each client's business as well as their needs and objectives; then finding opportunities and creating a master plan for financial choices designed to maximize outcomes while minimizing negative obligations. Bruce and his team have saved their clients hundreds of thousands of dollars in unnecessary taxes and costs, helping them build their financial foundation, legacy and options. Listen to this informative The Confident Retirement episode with Bruce Willey about secret systems to strategic tax planning.   Here is what to expect on this week's show: Why Bruce is a tax preparer and not a planner. How Bruce picked the services his firm offers. The difference between reactive vs proactive tax planning Americans view tax refunds incorrectly. The amount of retirement from the IRS is alarming. What is an outsourced CFO and who is a good candidate? What is the Secret System?   Connect with Bruce: Americantpb.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. Looking to invest excess cash? Look no further than this episode of The Confident Retirement, hosted by Kris Flammang. Kris discusses your options for overflow cash in this new solo episode. Kris has been in the financial services industry Flammang breaks down the pros and cons of savings accounts, money market accounts, CDs, and money market funds. Learn about the benefits of having easy access with lower interest rates through savings accounts, or higher interest rates with flexible check-writing through money market accounts. And don't forget about CDs, which offer even higher interest rates with a laddering strategy. But for those seeking the highest interest rates of all, riskier money market funds may be the way to go. Flammang emphasizes the need to carefully weigh the options and choose the right account based on individual priorities and needs.   Don't just leave your extra funds in a low-interest savings account! Listen to this informative The Confident Retirement episode with Kris Flammang about what to do with your excess cash.   Here is what to expect on this week's show: Maximizing excess cash in savings accounts and more Pros and cons of different account types Considering your individual priorities and needs   Connect with Kris: LPFadvisors.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. In this installment of The Confident Retirement podcast, featuring Kris Flammang, we delve into the intricate realm of tax litigation, emphasizing the pivotal role of seasoned expertise. Karen Tenenbaum, a distinguished tax attorney with a remarkable tenure of 39 years, bolstered by an LL.M. in Taxation and credentials as a Certified Public Accountant. As the visionary founder of Tenenbaum Law, P.C., based in Melville, NY, Karen has dedicated the past quarter-century to advocating for individuals and businesses ensnared in the complexities of IRS and New York State tax disputes. Renowned for her profound acumen in tax law, Karen Tenenbaum is a venerated figure on the lecture circuit, imparting her extensive knowledge on IRS and NYS tax matters to esteemed professional groups such as the NYS Society of CPAs, the NCCPAP Accounting and Tax Symposium, AAA-CPA, and the New York State Society of Enrolled Agents, among others. In her current roles as the Chair of the Suffolk County Bar Association Tax Law Committee and the Vice Chair of the NYS Society of CPAs Relations with IRS Committee, she continues to shape the discourse in tax law, while her firm steadfastly champions the resolution of tax dilemmas for a myriad of clients. Tune in to this enlightening episode of The Confident Retirement with Karen Tenenbaum for a discourse replete with sophisticated insights into the nuances of tax law. Highlights of this week's episode include: An exploration of the circumstances under which the government may initiate the withdrawal of funds from personal accounts. A discussion on the strategic significance of carving out a specialized niche in the vast landscape of professional practice. Prudent strategies to mitigate the risk of triggering a tax audit. An overview of New York's commendable initiative for voluntary disclosure, a program exemplary in its approach to tax regulation. Connect with Karen: https://www.litaxattorney.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

“The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.” Born into a medical family, Trish Butcher has dedicated her professional career to advocating for and assisting physicians and other healthcare professionals. After having her own son, she transformed her passion into a modern law practice that focuses on helping guide young families and the medical community to protect their hard-earned assets and family with personalized and comprehensive life & legacy planning. Whether her clients are just starting their career or looking to protect their medical legacy, married or single, have babies or children who are grown, Trish helps her clients craft a plan that achieves their goals for their legacy and loved ones today and for years to come.   Trish graduated from the University of Georgia followed by the Emory University School of Law in 2013. While studying at Emory, she interned with the Medical Association of Georgia (MAG) and later transitioned into the role of Legal Counsel. After MAG, Trish transitioned to private practice and assisted healthcare professionals with a wide variety of legal matters while working with Hamil Little PC. After advanced training with the New Law Business Model, Trish became a licensed Personal Family Lawyer and Family Business Lawyer® in order to step away from the antiquated billable hour and ensure that she can become the trusted advisor for her clients to look to for a lifetime of guidance, protection, and love.   Trish is an avid University of Georgia fan, a wife, and proud mother of Max (and two fur babies).   Listen to this dynamic The Confident Retirement Podcast episode with Trish Butcher. Her honesty and care for people is on top. There are a lot of things that she imparted. The most important thing is that whatever the practice area she focuses on, she shares her passion in making a difference in an individual's life and know that she was able to help. Here is what to expect on this week's show: ·Trish shares the story behind how she chose to be a lawyer, what's her original plan when she entered law school, and why she opened up her own law firm. ·Learn more about estate planning by knowing Trish's firsthand experience on an estate plan that gone bad. ·What is Trish's motivation for specializing in special needs planning and what does this plan do? · “Making a difference in people's life.” This is what Trish loves most about the business. ·Trish clarifies the misconception that attorneys are intimidating to talk to. ·Trish tells us a story of a recent satisfying experience that includes covering the blind spots of her client. Learn more about Trish's, what she loves to do, her personal stories. · Learn more about Trish's, what she loves to do, her personal stories, and experiences, achievements, and things that she is looking forward to.   Connect with Trish Butcher/Butcher Health Law www.butcherhealthlaw.com   Connect with Kris Website: https://www.lpfadvisors.com/ LinkedIn: https://www.linkedin.com/in/kristopher-flammang-lpfadv/ Twitter: @kflammang Learn more about your ad choices. Visit megaphone.fm/adchoices

“The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.” Looking to secure your financial future? Tune in to The Confident Retirement hosted by Kris Flammang. On today's episode, Kris Flammang interviews Carolina Nunez, a first-generation American attorney.   After graduating law school, Carolina opened her solo practice in Winter Park, Florida and expanded recently to Daytona Beach, Florida. The Law Offices of Carolina Nunez, P.A. also expanded offices in satellite locations in Gainesville and Stuart. The goal of her firm is to provide personalized service while delivering big firm results. Their boutique office focuses on client communication to not only provide full understanding of legal strategy to their clients, but also to ensure that the client knows that they are not just another case. They value people and view each case from the eyes of our clients.    On today's episode, Carolina shares her journey with Kris from her beginnings in real estate to eventually becoming a lawyer. She discusses the importance of ambition and drive over education, and the ins and outs of personal injury and estate planning (regardless of wealth status). Plus, learn how Carolina helps her clients navigate the complex world of insurance policies and recover maximum compensation for their injuries. Stay up to date with the latest legal updates and tips from Carolina's blog. Don't miss this engaging and informative episode of The Confident Retirement about maximizing your confidence for retirement. Listen now!   Here is what to expect on this week's show: How Carolina moved from real estate to law The relatable side of boutique law firms Essential estate planning documents   Navigating personal injury cases The importance of adequate insurance coverage   Medical billing challenges for boutique law firms  The importance of an online presence for law firms   Connect with Carolina: https://www.cnunezlaw.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

“The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.” Eliana T. Baer, Esq. is a Partner at the national law firm, Fox Rothchild, LLP, where she focuses her state-wide practice on representing clients on issues relating to divorce, equitable distribution, support, custody, adoption, domestic violence, premarital agreements and Appellate Practice. Ms. Baer, I received her undergraduate degree from Yeshiva University, magna cum laude.  She is a 2009 graduate of Seton Hall University School of Law and is admitted to practice in the New Jersey and New York.  She is also admitted to practice in the United States District Court for the District of New Jersey.    Ms. Baer is member of the New Jersey State Bar Association - Family Law Section and Family Law Young Lawyers Section.  She has been named a Rising Star by New Jersey Monthly Magazine and Law & Politics Magazine for 2014 through 2023. In 2016, Ms. Baer was named a Trailblazer in Divorce by The National Law Journal. In 2018, Ms. Baer was named New Leader to the Bar by the New Jersey Law Journal. She has been inducted as one of the Ten Leaders, Family Law, Age 45 & Under from 2018 through 2023. Ms. Baer currently serves on the New Jersey State Bar Association's Family Law Executive Committee   Listen to this informative The Confident Retirement episode with Eliana Baer about high-net-worth divorce complexities. Here is what to expect on this week's show: Eliana chose this type of law because of the impact that it can have. Every day is different with family law. Mark Segal was a mentor of Eliana's. What is nuance support and what are the New Jersey guidelines? What is the three-pony rule in family law?   Connect with Eliana: https://www.foxrothschild.com/eliana-baer Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. In this episode of the "Confident Retirement Podcast" host Kris Flammang discusses the common mistakes people make when planning for retirement. Flammang highlights three key mistakes observed during his two decades of experience working with individuals and business owners. He emphasizes the universality of these mistakes, regardless of the state of the economy or government. The first mistake is ignoring the risks associated with retirement, regardless of one's financial preparation. Flammang stresses the importance of acknowledging and preparing for the "certainty of uncertainty" in life and retirement plans. He introduces the concept of three types of retirees: overfunded, underfunded, and constrained investors, with most people falling into the latter category. These investors must be especially mindful of longevity risk, inflation risk, and timing risk in their investment strategies. Flammang then delves into specific retirement planning strategies to address these risks. He critiques the traditional total return method for retirement planning, pointing out its shortcomings in addressing the risks for constrained investors. Instead, he proposes an income plan or strategy that segments funds according to the timeframe of usage. This approach allows for more aggressive investment of funds not needed for a long time, while ensuring that immediate income comes from stable sources. Flammang also emphasizes the importance of not taking the Social Security claiming decision lightly, as it can have a significant financial impact over a person's lifetime. He advises considering factors like marital status, health, family history, and financial need when making this decision. The episode concludes with Flammang urging listeners to not overlook these common mistakes and to adopt a well-thought-out income strategy that prepares for the uncertainties of retirement. Highlights from today's episode: Three Types of Retirees: Learn about the classification of retirees into three categories: overfunded, underfunded, and constrained investors. Critical Retirement Risks: The importance of being aware of and preparing for three major retirement risks: longevity risk, inflation risk, and timing risk. Income Planning Strategies: The traditional total return method of retirement planning and advocates for an income planning strategy. This strategy involves segmenting retirement funds based on when they will be used, allowing for tailored investment approaches based on time horizons. Social Security Claiming Decision: The significance of the Social Security claiming decision. Consider various personal factors like health, marital status, and financial needs before deciding when to claim Social Security, as this decision can greatly impact long-term financial stability. Embracing Uncertainty: The concept of the "certainty of uncertainty" in retirement planning. Flammang advises listeners to prepare for unpredictable changes and uncertainties in life and the economy. Enjoy the show!   Connect with Kris: Website: https://www.lpfadvisors.com/ LinkedIn: https://www.linkedin.com/in/kristopher-flammang-lpfadv/ Twitter: @kflammang Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations. Vicky Townsend is the founder and President of Divorce Right, Inc.  an Employee Assistance Program company serving companies and government agencies in the US and abroad.  She is also the co-founder an former CEO of the National Association of Divorce Professionals, a professional association consisting of the licensed and certified professionals that serve families going through a divorce.  Vicky is revolutionizing the divorce process by training HR professionals and company supervisors about the issues facing their divorcing employees, signs an employee may be experiencing or even contemplating a divorce, and the issues that they may be facing by way of international culture issues, religious matters, and more. Vicky is a proud FSU alum, and looks forward to the day that the divorce process doesn't destroy families financially or emotionally. Listen to this informative The Confident Retirement episode with Vicky Townsend about divorce and the work place. Here is what to expect on this week's show: The labyrinthine system of divorce is designed by the people you hire to get you out of it. Divorce the number one business disruptor other than death. Average employee loses 40% of productivity for 4-5 years. The biggest effect of a divorce on the business is productivity. What is a win-win for everyone? Why 5% of your divorcing employees quit. What is a post-nuptial agreement and how does it work?   Connect with Vicky: https://divorcerightinc.com/about-us/meet-the-founder/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this fan favorite episode, we feature a conversation with Nancy Hendrickson. Nancy Hendrickson started with CAN Community Health in July of 2016 working as a temp where she was responsible for processing Payroll and general HR duties. Shortly thereafter, she was hired and currently is the Total Rewards Manager where she manages all aspects of the employee benefits program. This includes health and welfare plans, retirement plans, life insurance, wellness programs, and any other employee benefit plans offered. Prior to moving to Sarasota, Florida, she lived in Baltimore, Maryland where she was a licensed Life/Health Insurance agent and worked with other brokers, brokerage firms, clients, and Third-Party Administrators. Her final position was the Enrollment Department Supervisor for BenefitMall where she and her staff maintained a zero-error report with CareFirst. In our conversation, we discuss several topics, including: Why Nancy loves working for her company. Why communication and honesty are important traits when challenges at work surface Why you always have to listen to your employees How benefits help employees How understanding benefit packages can be overwhelming for employees What part of benefit packages gets the most positive feedback Connect with Kris: Website: https://www.lpfadvisors.com/ LinkedIn: https://www.linkedin.com/in/kristopher-flammang-lpfadv/ Twitter: @kflammang Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode Summary: “The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations” Jeremy T. Schilling is a civil litigator, with his primary practice in the area of first-party property insurance and personal injury. He spent the first six-plus years of his career defending insurance companies, along with general civil litigation for both defendants and plaintiffs. It is his experience defending insurance companies that enables Jeremy to best serve the injured and policyholders as he now dedicates his practice to helping the injured and homeowners obtain the benefits to which they are entitled. In this episode Jeremy Schilling talks about his journey with work in an insurance company, providing him a unique understanding of the industry. His law firm, described as a consumer advocacy group, is dedicated to helping injured individuals and homeowners navigate insurance claims. The podcast touches on challenges in the Florida insurance market, particularly unresolved hurricane claims, and highlights the impact of changes in tort reform laws on property and personal injury cases. Jeremy emphasizes the importance of personal connections with clients, the challenges posed by misconceptions about attorneys, and the need for clients to actively participate in decision-making. Despite changes in the legal landscape, the firm's goal remains rooted in doing things the right way and helping people, expecting financial success to follow. In the interview, Jeremy shares insights into his legal background, the challenges and misconceptions in the legal profession, and the specific hurdles presented by recent changes in Florida law. He articulates the firm's commitment to being a consumer advocacy group, fostering personal connections with clients, and navigating the complexities of insurance claims, particularly in the aftermath of natural disasters. This episode provides a comprehensive overview of Jeremy Schilling's legal approach, the firm's mission, and the evolving legal landscape in Florida. Here is what to expect on this week's show: • Jeremy's Unique Legal Background: Learn about Jeremy Schilling's unconventional start in the legal profession, having worked for an insurance company, which provided him with invaluable insights into the workings of insurance companies. • Consumer Advocacy: Jeremy's law firm is described as a consumer advocacy group, and he emphasizes the firm's commitment to helping injured individuals and homeowners navigate insurance claims, dispelling misconceptions about lawyers being solely profit-driven. • Challenges in the Florida Insurance Market: The episode discusses the challenges faced in the Florida insurance market, particularly regarding unresolved hurricane claims, shedding light on the complexities involved in such cases. • Impact of Legal Changes: gain an understanding of how recent changes in Florida's tort reform laws have affected property and personal injury cases, shaping the way legal professionals approach certain claims. • Personal Connection and Decision-Making: Jeremy highlights the importance of personal connections with clients, setting realistic expectations, and the active involvement of clients in decision-making, emphasizing that the financial situation of clients is considered irrelevant in the initial stages of evaluating a case.   Connect with Jeremy Schilling https://schillingsilvers.com/jeremy-t-schilling-esq/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.   Jana Chebat is a highly dedicated and hardworking attorney, recognized for her exceptional legal acumen in handling cases involving severe personal injuries, medical malpractice, products liability, and wrongful death in South Florida. Originating as a law clerk at Goldberg & Rosen while simultaneously preparing for the bar and maintaining a full-time role, Jana is celebrated for her hands-on approach and passionate advocacy for her clients. With roots in both Miami-Dade and Broward County, she graduated from St. Thomas Aquinas High School and Florida International University with a bachelor's degree in psychology. Jana continued her educational journey, obtaining a Paralegal Certificate from Boston University and pursuing law school at Loyola University College of Law in New Orleans, Louisiana. During her legal education, she clerked for Chief Magistrate Judge John J. O'Sullivan, interned with the Endress + Hauser Group in Switzerland, and achieved a top 5 ranking in the Southern Classic Trial Advocacy Competition as an active member of the Danny and Mary Becnel Trial Advocacy program. Fluent in Spanish, admitted to practice in Florida, and a member of the Florida Association of Women Lawyers, Jana takes pride in her impactful legal work and meaningful client relationships.   This episode features Jana Chebat, a legal professional specializing in personal injury, medical malpractice, and wrongful death cases at a Florida-based legal firm. Jana discusses her journey from a psychology degree to law school, highlighting her background as a tutor and preschool teacher. She dispels misconceptions about personal injury attorneys, emphasizing the firm's commitment to helping clients rather than being solely driven by financial gain. The interview delves into the evaluation process for cases, covering liability, insurance, and damages. Jana stresses the importance of communication in alleviating clients' stress during the legal process and managing their expectations. Looking ahead, Jana shares her goal of becoming one of the best personal injury attorneys in Florida, expressing gratitude for the support of the firm's partners. Here is what to expect on this week's show: Career Transition and Passion for Law: hear about a unique journey from a psychology background to pursuing a law degree. Dispelling Misconceptions about Personal Injury Attorneys: challenge common misconceptions about personal injury attorneys, with an emphasis on the goal of genuinely assisting clients rather than being solely motivated by financial gain. Key Aspects of Case Evaluation: insights into the crucial elements of evaluating personal injury cases, emphasizing the importance of assessing liability, insurance coverage, and damages to determine the course of action. Client Communication and Stress Management: The interview underscores the significance of communication in the legal process, particularly in managing clients' stress and expectations. Future Goals and Professional Development: discussing the continuous learning and improvement inherent in her professional journey. Connect with Jana Chebat https://www.goldbergandrosen.com/our-attorneys/jana-chebat/ Learn more about your ad choices. Visit megaphone.fm/adchoices

For Sara Horowitz, practicing Family Law and Collaborative Divorce is a calling. Her North Star is helping families and children through divorce and adoption with kindness, education, and integrity. Sara has built a reputation for results by focusing her legal efforts on uncontested and collaborative dissolutions of marriage, child and spousal support, child timesharing, property division, paternity, and stepparent, relative, and foster care adoptions.   Sara graduated summa cum laude from the University of Florida in Gainesville with a Bachelor of Arts in Business Administration and a Minor in Criminology. She went on to receive her JD from UF Levin College of Law, with honors.   In this episode, Kris Flammang talks to Sara Horowitz about her transition from traditional litigation to collaborative and uncontested divorce resolutions. She shares her decade-long experience in family law, emphasizing the emotional toll of litigation on families, particularly children. Sara discusses the benefits of collaborative divorce, a non-adversarial process involving a professional team working together to help spouses reach resolutions outside of court. She encourages clients to consider alternatives to the traditional adversarial process, promoting open communication, collaboration, and a focus on the well-being of the family unit.   Sarah highlights her commitment to directly working with clients, providing care, compassion, and dignity throughout the process. She manages expectations and emotions by collaborating with a neutral facilitator in the collaborative process, ensuring transparent communication and avoiding surprises. The podcast delves into misconceptions about divorce, Sarah's passion for educating clients about collaborative and uncontested options, and her vision for the future, which includes growing the collaborative process in her practice.   Here is what to expect on this week's show: ·       Alternative to Traditional Litigation: Listeners will gain an understanding of how collaborative divorce involves a professional team working together to help spouses reach resolutions outside of court, with a focus on reducing emotional and financial stress.   ·       Navigating Emotional Challenges: Explore the emotional toll of litigation on families, especially children. Learn about the role of a neutral facilitator in managing emotions, promoting open communication, and ensuring that both spouses are well-prepared for discussions during the collaborative process.   ·       Benefits of Uncontested Divorce: Insights Into the benefits of this approach, which involves negotiations between spouses or attorneys and may include pre-suit mediation, ultimately streamlining the divorce process.   ·       The Solo Practitioner Approach: Emphasizing direct involvement with clients, which provides personalized legal services with care, compassion, and dignity, creating a supportive environment for clients going through significant life transitions.   ·       The Shifting Paradigm within the Legal Community: Getting more attorneys to embrace collaborative divorce principles. A glimpse into the potential future of family law resolutions.     Connect with Sara Horowitz https://horowitzlawpa.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

“The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.” In this episode host Kris Flammang welcomes Katherine Neal, a board-certified civil trial lawyer and managing partner of a Florida-based firm specializing in representing injured clients and their families. Katherine shares her unconventional journey to becoming a personal injury lawyer, emphasizing her initial intention to be a prosecutor and the financial challenges she faced after law school. Over the years, she worked her way up in the legal field, eventually becoming the managing partner of her current firm. Katherine discusses common misconceptions about personal injury lawyers, addressing the negative stereotypes associated with the profession. She highlights the importance of caring for clients and the genuine commitment her firm has to their well-being. She reveals her accidental entry into personal injury law and the fulfillment she finds in helping clients navigate challenging times. She emphasizes the transformational aspect of her work, witnessing clients recover from significant injuries and achieve justice. The conversation delves into clients' fears and concerns, particularly the anxiety around case values and the duration of the legal process. Katherine reassures clients by providing realistic expectations and aims to alleviate their stress. Katherine also shares her affinity for working with good-hearted clients, particularly those facing anxiety, and discusses the prevalent misconceptions people have about personal injury lawyers. She emphasizes the importance of setting expectations, under-promising, and over-delivering in order to build trust with clients. Katherine expresses frustration regarding the lack of public awareness about board certification for lawyers, and the challenges posed by the recent implementation of tort reform. The conversation concludes with insights into the law firm's efforts to contribute to the reduction of DUI incidents and information on how interested individuals can learn more about the firm through its website and social media platforms. Here is what to expect on this week's show: Highlighting the financial challenges often faced by law school graduates and the surprising paths that can lead to a successful legal career. Addressing the misconceptions associated with personal injury lawyers. The transformative nature of personal injury legal work. The emphasis is on the positive impact personal injury lawyers can have on the lives of those experiencing challenging circumstances. Alleviating Client Stress: how providing clear communication, managing expectations, and demonstrating competence can naturally alleviate client stress. Challenges in Legal Industry Awareness: The frustration many lawyers have about the lack of public understanding regarding board certification for lawyers. Connect with Katherine Neal https://careyandleisure.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

“The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations”   In this podcast episode, Kris Flammang talks with guest Sylwia Nazar. Sylwia is a partner of the firm Friedman and Huey, where she brings a wealth of experience and expertise in financial management. With a passion for making an impact in the women and finance space, Sylwia aims to educate and empower women to take control of their finances. She actively builds a network of professionals who can provide services to women in need, and she is particularly interested in addressing the cultural differences in financial involvement between countries. Sylwia's leadership initiative involves mentoring at her firm, and she has a strong background in working with high net worth individuals and client services. She thrives on collaboration and teamwork, finding satisfaction in achieving clients' financial goals through proactive planning and collaboration.   On this podcast episode, learn how proactive planning involves assessing financial situations, maximizing tax benefits, and avoiding future problems. Discover the power of collaboration with professionals, especially in high net worth cases, to provide comprehensive solutions. Explore the challenges in financial management, including tax compliance. Nazar's personal journey highlights the role of advisors in empowering clients.   Join Kris Flammang and Sylwia Nazar to learn how proactive planning and collaboration empowers individuals to secure their financial future.   Here is what to expect on this week's show: •  Proactive financial planning •  Complexity-driven collaboration for financial goals •  Tax return review and future planning guidance •  Concierge financial management services •  Transformative growth through overcoming shyness and imposter syndrome   Connect with Sylwia Nazar: https://fhassoc.com/sylwia-nazar Learn more about your ad choices. Visit megaphone.fm/adchoices

“The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations”   In this podcast episode, Kris Flammang talks with guest Michele Diglio-Benkiran. Michele is a seasoned attorney with a strong background in business law and over two decades of experience. Growing up in an entrepreneurial family and owning her own businesses, she has developed a unique perspective on the importance of personalized legal advice in business law.   Kris and Michele discuss Michele's belief that generic forms from online platforms like LegalZoom often lack state-specific provisions and may not adequately protect the interests of businesses. Michele emphasizes the importance of hiring an attorney with experience in both business law and practicalities, as this combination allows for a more holistic approach to assisting clients. She also advises businesses to invest in proper legal setup to avoid future legal complications and litigation.   The episode also touches on the often-overlooked aspect of continuity planning in business. Many business owners fail to consider what would happen if the owners or key individuals were to pass away or become disabled. Diglio-Benkiran stresses the importance of addressing this issue and having a plan in place. Whether it involves learning all aspects of the business or hiring someone else, having a continuity plan can prevent a crisis situation and ensure the business can continue to operate smoothly.   While technology, particularly artificial intelligence (AI), is rapidly advancing in various industries, including law, Michele and Kris discuss the limitations of AI in providing personalized legal advice. While AI can provide information and knowledge, it lacks the wisdom and human touch required to understand individual circumstances and provide tailored legal protection. This highlights the irreplaceable value of human attorneys who can apply their expertise and experience to each unique situation.   Looking ahead, Michele expresses her goal of helping people and assisting them in growing their businesses. She emphasizes the importance of engaging with clients who share the same values and objectives. However, she also acknowledges the challenges that AI technology may pose to the legal profession in the future. The impact of AI on the legal field remains uncertain, but it is a topic that legal professionals need to monitor closely.   Join Kris Flammang and Michele Diglio-Benkiran on this episode of The Confident Retirement podcast to learn more about why there's no substitute for the right business attorney.   Here is what to expect on this week's show: •  The importance of personalized legal advice •  Avoiding generic legal templates •  Continuity planning •  AI's limitation in providing personalized legal advice •  The importance of mentorship   Connect with Michele Diglio-Benkiran: https://legalcounselpa.com/attorneys/michele-diglio-benkiran/   Learn more about your ad choices. Visit megaphone.fm/adchoices

“The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations” In this podcast episode, Marco Brown gives a presentation as part of LPF's Divorce Summit. Marco Brown, owner of the Brown Family Law Firm in Salt Lake City, Utah, is a seasoned expert in family law and has helped countless individuals navigate through divorce. His perspective on improving financial stability in the divorce industry is rooted in his belief that professionals should change their mindset about money and implement a system to ensure they are fully compensated for their work. Drawing from his extensive experience, Marco emphasizes the importance of financial stability, criticizing traditional teachings that prioritize pro bono work over financial success. He suggests that professionals should prioritize their own financial well-being to provide for their families and teams, and advocates for setting rules and boundaries to maintain financial stability.   Join Marco Brown on this episode of The Confident Retirement podcast as they delve deeper into financial stability after a divorce.   Here is what to expect on this week's show: •  Shifting the mindset about money •  Seven steps to financial stability •  Specialization and its effect on earnings •  Firing the worst clients •  Tradeoffs and challenges   Connect with Marco Brown: https://www.brownfamilylaw.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

“The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations” In this podcast episode, Renee Decker gives a presentation as part of LPF's Divorce Summit. Renee Decker is a seasoned lawyer with a specialization in estate planning, serving as a reliable advisor to families during difficult times. Renee's passion for this field was ignited by witnessing the unfortunate outcomes of inadequate planning, especially in cases where minor children lost their inheritance due to the lack of a proper plan. She underscores the significance of post-divorce planning, guiding clients to update beneficiary designations, select temporary guardians for their children, and ensure their assets can be accessed by their family members in the event of their passing. Renee's perspective emphasizes the comprehensive and personalized approach needed for estate and incapacity planning for divorce clients, highlighting the importance of considering the beneficiaries and guardians for minor children in the absence of a spouse, and the need to plan for incapacity. Join Renee Decker on this episode of The Confident Retirement podcast as they delve deeper into estate and incapacity planning after divorce. Here is what to expect on this week's show: Planning for incapacity and protecting assets The crucial role of legacy planning Long-term success in business planning Probate process: transferring assets and protecting beneficiaries Flexible and private asset management for divorce clients Strategies for transferring property without probate Connect with Renee Decker: https://deckerlegacy.com/renee-decker/ Learn more about your ad choices. Visit megaphone.fm/adchoices

“The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations” In this podcast episode, Renee Decker gives a presentation as part of LPF's Divorce Summit. Renee Decker is a seasoned lawyer with a specialization in estate planning, serving as a reliable advisor to families during difficult times. Renee's passion for this field was ignited by witnessing the unfortunate outcomes of inadequate planning, especially in cases where minor children lost their inheritance due to the lack of a proper plan. She underscores the significance of post-divorce planning, guiding clients to update beneficiary designations, select temporary guardians for their children, and ensure their assets can be accessed by their family members in the event of their passing. Renee's perspective emphasizes the comprehensive and personalized approach needed for estate and incapacity planning for divorce clients, highlighting the importance of considering the beneficiaries and guardians for minor children in the absence of a spouse, and the need to plan for incapacity. Join Renee Decker on this episode of The Confident Retirement podcast as they delve deeper into estate and incapacity planning after divorce.  Here is what to expect on this week's show: Planning for incapacity and protecting assets The crucial role of legacy planning Long-term success in business planning Probate process: transferring assets and protecting beneficiaries Flexible and private asset management for divorce clients Strategies for transferring property without probate Connect with Renee Decker: https://deckerlegacy.com/renee-decker/ Learn more about your ad choices. Visit megaphone.fm/adchoices

“The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations”   In this episode of "The Confident Retirement" podcast, host Kris Flammang discusses key financial considerations in divorce, emphasizing the importance of avoiding common mistakes. Topics covered include joint debt responsibilities, tax implications, updating legal documents, retirement planning, and college financial aid changes. Seeking professional advice is vital for making informed decisions and ensuring a fair and secure financial outcome during divorce. Divorce requires meticulous financial consideration. Rushing decisions, neglecting professional advice, and making short-term choices can lead to costly errors. Understanding shared debt obligations, tax implications, and long-term planning are all essential aspects of a successful divorce process. Seeking professional guidance ensures a fair and financially secure outcome   Join Kris Flammang on this episode of The Confident Retirement podcast as he shares his insights and strategies for avoiding the common financial pitfalls of divorce proceedings.   Here is what to expect on this week's show: •  The importance of avoiding hasty decisions •  Understanding joint debt obligations •  Considering tax implications •  Updating legal documents and beneficiary designations •  Planning for the future   Connect with Kris Flammang: https://www.lpfadvisors.com/team/kristopher-flammang Learn more about your ad choices. Visit megaphone.fm/adchoices

“The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations”   On today's episode of The Confident Retirement podcast, financial expert Kris Flammang shares his comprehensive approach to financial recovery and empowerment post-divorce. Flammang's method centers on resilience, adaptation, and aligning financial decisions with personal values. He begins by addressing emotional scars and detrimental financial habits that may linger from the marriage, helping individuals recognize and change these patterns to enable personal growth and financial control. Flammang believes that regaining control over finances can provide stability and purpose during a challenging time, achieved by setting both short and long-term financial goals tailored to individual needs and interests. Moreover, Flammang underscores the importance of discovering personal values during this process, ensuring that financial decisions align with one's priorities and aspirations. To bolster financial literacy, he tailors his guidance to accommodate varying levels of interest and comprehension. Recognizing that tradeoffs are unavoidable in financial recovery, Flammang encourages individuals to make decisions based on their personal values, which can help maintain motivation and commitment to their financial goals. Lastly, he highlights the significance of updating estate documents post-divorce to accurately reflect individuals' wishes and ensure the proper distribution of assets to future generations. In essence, Kris Flammang's holistic approach equips individuals with the tools and mindset needed to regain control over their finances, fostering confidence and independence as they embark on the next phase of their lives.   Join Kris Flammang on this episode of The Confident Retirement podcast as he shares his insights and strategies for financial recovery and empowerment post-divorce.   Here is what to expect on this week's show: •  Addressing emotional and financial scars •  Regaining financial control •  Values-driven approach •  Financial literacy •  Tradeoffs and estate planning   Connect with Kris Flammang: https://www.lpfadvisors.com/team/kristopher-flammang   Learn more about your ad choices. Visit megaphone.fm/adchoices

“The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations” In this podcast episode, Kris Flammang talks with guest Emanuel Galimidi. Emanuel is a dedicated personal injury advocate with a unique background in defense law, having spent over a decade defending insurance companies and manufacturers. Galimidi Law was founded on the idea that everyone should have access to the same level of representation that insurance companies and other large corporations enjoy. After having been hired by some of the world's largest companies for nearly twenty years, Emanuel made the decision to bring his expertise and experience to those who need it the most, the injured and their families.   Galimidi's perspective on his transition to personal injury advocacy was shaped by his experiences as a defense lawyer. He saw firsthand the positive impact that proper representation could have on the lives of injured individuals and their families. This, coupled with his observation that many individuals were not receiving the full compensation they deserved when dealing with large firms, motivated him to switch sides and represent plaintiffs exclusively. Despite the challenges of scaling his own firm and ensuring the best possible client care, Galimidi is passionate about his decision and has no regrets.   Galimidi highlights the qualities of an ideal personal injury client, emphasizing patience, transparency, and responsiveness. He stresses the importance of selecting the right advocate for personal injury cases, noting that experience alone is insufficient; lawyers should also set reasonable expectations, maintain transparency, and provide responsive communication. Galimidi delves into the complexities of scaling a personal injury practice while ensuring top-notch client service and discusses how recent tort reform in Florida has impacted the personal injury landscape. Ultimately, his commitment to making a positive impact on clients' lives remains at the forefront of his legal career.   Join Kris Flammang and Emanuel Galimidi on this episode of The Confident Retirement podcast to learn more about Emanuel's transition to personal injury advocacy.   Here is what to expect on this week's show: •  Emanuel's transition to personal injury advocacy •  Ideal client qualities •  Choosing the right advocate •  The challenges of scaling a practice •  Impact of tort reform •  Referring complex cases   Connect with Emanuel Galimidi: https://galimidilaw.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this podcast episode, Vicky Townsend gives a presentation as part of LPF's Divorce Summit. Vicky is is the President and founder of Divorce Right, a professional development and employee assistance program company. Vicky is also the co-founder of the National Association of Divorce Professionals, an association for all the licensed professionals that work with clients before, during, and after divorce. Vicky has worked for years in the divorce industry, but also knows first hand how painful and frustrating the divorce process is. After going through it herself in 2013, Vicky experienced a labyrinthe system that is costly, filled with errors and difficult to navigate. Realizing there needs to be radical change to improve a broken family law system, Vicky decided to revolutionize the divorce process by founding Divorce Right. Divorce Right caters to Fortune 1000 companies and government agencies to help their employees through this grueling process.   Vicky's presentation centers on divorce as a challenging and often overwhelming process that can have a significant impact on individuals and their families. However, it is not just a personal crisis; it also affects the workplace and can cost companies billions of dollars each year. Divorce Right aims to make the divorce process easier on families and mitigate its impact on the workplace. Townsend highlights the staggering cost of divorce to companies, which can reach up to $150 billion annually according to a study by the Harvard Business Review. This cost includes lost productivity, decreased effectiveness, and increased employee turnover. Divorce Right offers products and services to support employees going through divorce, including specialized divorce coaches and divorce awareness and sensitivity training for HR managers.   Townsend also highlights the importance of considering the impact of divorce on employees when making decisions. More than 50% of employees will go through a divorce during their careers, primarily between the ages of 35 and 54. These are often the employees in upper and middle management positions who are on a trajectory for career advancement. However, divorce can diminish their productivity and effectiveness by about 40% for three to five years. This not only affects the individuals going through divorce but also impacts their coworkers, management, and the company's bottom line.   To address these challenges, Divorce Right offers divorce coaching, which is a flexible and goal-oriented process to support individuals going through divorce. Divorce coaches provide guidance, motivation, and assistance in making the best possible decisions for the future based on each individual's unique needs and concerns. This personalized approach helps individuals navigate the complex divorce process and find the support they need.   In addition to divorce coaching, Divorce Right offers a suite of digital divorce solutions called "Plan Right." This includes a book, a workbook, and a ten-hour video course that covers various aspects of divorce, from deciding if the marriage is truly over to understanding different divorce options. By providing comprehensive resources, Divorce Right empowers individuals to make informed decisions and navigate the divorce process more effectively.   Join Vicky Townsend on this episode of The Confident Retirement podcast as they delve deeper into divorce's impact on the workplace.   Here is what to expect on this week's show: •  Divorce Right's mission •  The mental health impact of divorce in the workplace •  Divorce's career impact •  Divorce Right's holistic approach to support •  The financial impact of divorce   Connect with Vicky Townsend: https://divorcerightinc.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices