Podcasts about financial planning services

COSTLY MISTAKES OVERSPENDING IN RETIREMENT FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS Tyler Kluge | CFP®, CPWA®, CDFA®, CEPS Financial Planner, BWFA Tessa Hall Media and Communications Specialist, BWFA Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA About This Episode Holding retirement savings in cash may feel safe, but over time inflation erodes purchasing power. In this episode, BWFA's Sandy Hornor, Jr. and Tyler Kluge explain why too much cash can become a costly mistake—and how to find the right balance for long-term security. You'll also learn why professional planning helps ensure that your money continues to grow, even as your needs and goals evolve. Full DescriptionMany retirees feel comfortable keeping large portions of their retirement plan in cash. It provides stability, avoids market swings, and seems like the safe choice. However, cash alone cannot keep up with inflation. Over the years, rising prices quietly reduce its value, leaving less to cover healthcare costs, everyday expenses, and the retirement lifestyle you planned. In this episode of Healthy, Wealthy & Wise, BWFA's Sandy Hornor, Jr., Tyler Kluge, and Tessa Hall explain why holding too much cash can be risky. While every plan needs liquidity for emergencies, relying on cash at the expense of growth may limit your long-term success. Together, they share insights on how to strike the right balance, ensuring you maintain flexibility today while protecting your future purchasing power. Listeners will also hear how professional financial planning can help determine the right mix of cash, bonds, and equities. With careful guidance, it is possible to feel secure while still allowing your portfolio to grow. At BWFA, we believe retirement is about more than safety—it's about sustainability. This episode offers practical guidance for making smarter decisions, avoiding common pitfalls, and staying on track for the future. By learning how to balance risk and reward, you can create a retirement strategy designed to last. For more retirement strategies, visit BWFA's Financial Planning Services.

DOING EVERYTHING RIGHT BUT STILL ANXIOUS ABOUT MONEY FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS Tyler Kluge | CFP®, CPWA®, CDFA®, CEPS Financial Planner, BWFA Tessa Hall Media and Communications Specialist, BWFA About This Episode Even with solid financial habits, money anxiety can persist. Learn why this happens and how thoughtful planning can help restore confidence. Full Description Many people follow the “right” financial rules. They save consistently, avoid major debt, and plan responsibly. Yet despite doing everything they are told to do, anxiety around money often remains. This disconnect can be confusing and frustrating. In this episode of Healthy, Wealthy & Wise, the discussion explores why financial anxiety can exist even when the numbers appear sound. Listeners will learn how uncertainty, life transitions, and emotional stressors can influence how we feel about money, regardless of outward financial success. The episode explains how financial confidence is shaped by more than balances and spreadsheets. Factors such as market volatility, changing goals, and fear of the unknown often play a larger role than expected. Without clarity and context, even well-managed finances can still feel fragile. The conversation also highlights the importance of aligning financial plans with personal values and priorities. When goals are unclear or outdated, anxiety can persist despite strong habits. This episode encourages listeners to revisit not just what they are doing with their money, but why. Rather than offering quick fixes, the discussion focuses on building understanding. Recognizing the emotional side of financial planning can help individuals move from constant worry toward informed confidence. Planning is not only about preparing for outcomes, but also about reducing unnecessary stress along the way. At BWFA, we work with individuals and families to create plans that address both financial structure and peace of mind. This episode offers perspective for anyone who feels they are doing everything right, yet still worries about what lies ahead. To learn more about creating a financial plan that supports long-term confidence, visit BWFA's Financial Planning Services.

HOW TO START SPENDING CONFIDENTLY IN RETIREMENT FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS Tyler Kluge | CFP®, CPWA®, CDFA®, CEPS Financial Planner, BWFA Tessa Hall Media and Communications Specialist, BWFA About This Episode Moving from saving money to spending it in retirement can feel uncomfortable and unfamiliar. Learn why this transition is often emotionally challenging and how thoughtful planning can help you spend with greater confidence and peace of mind. Full Description For many retirees, the shift from saving money to spending it can be one of the most challenging parts of retirement. After decades of building assets, drawing from those savings often feels unnatural, even when the plan supports it. In this episode of Healthy, Wealthy & Wise, the discussion explores how to navigate the transition from saving to spending in retirement. Listeners will learn why this shift can feel emotionally difficult and how thoughtful planning helps ease the adjustment. The episode explains how retirement spending differs from working years. Income sources change, spending patterns evolve, and decisions often require more intention. Understanding how and when to use savings is critical for maintaining confidence throughout retirement. The conversation also addresses common concerns, such as fear of running out of money and uncertainty around market conditions. Listeners gain insight into how planning strategies can provide structure while allowing flexibility as needs change over time. Rather than focusing on rigid rules, the episode emphasizes aligning spending with personal priorities and long-term goals. Retirement spending should support the life you want to live, not create ongoing stress or hesitation. At BWFA, we help retirees develop income strategies designed to support both lifestyle and longevity. This episode offers perspective for anyone approaching retirement or already adjusting to life after full-time work. To learn more about retirement planning strategies, visit BWFA's Financial Planning Services.

WHY FINANCIAL SUCCESS IS MORE ABOUT BEHAVIOR THAN MATH FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS Tyler Kluge | CFP®, CPWA®, CDFA®, CEPS Financial Planner, BWFA Tessa Hall Media and Communications Specialist, BWFA About This Episode Financial success is not just about spreadsheets or calculations. Learn how habits, mindset, and everyday decisions often have a greater impact on long-term financial outcomes. Full Description Many people believe financial success comes down to formulas, calculations, and choosing the right investments. While the numbers matter, they are rarely the sole driver of long-term outcomes. In reality, behavior often plays a far greater role than most people expect. In this episode of Healthy, Wealthy & Wise, the discussion explores why financial success is shaped more by decisions and habits than by math alone. Listeners will learn how everyday choices, emotional responses, and long-term behaviors influence financial progress over time. The episode explains how consistency, patience, and follow-through often outweigh technical knowledge. Even well-structured financial plans can struggle when decisions are driven by fear, impulse, or short-term reactions. Recognizing these patterns can help individuals better understand where challenges may arise. The conversation also addresses common behavioral obstacles, such as reacting to market swings, increasing spending during strong income years, or avoiding difficult financial conversations. These behaviors can quietly erode progress, even when income and savings appear healthy on paper. Financial behavior develops over time and is shaped by experiences, confidence, and past outcomes. By understanding these influences, individuals can begin to identify habits that either support or limit long-term success. This episode emphasizes awareness and intentional decision-making rather than optimization or complexity. Small behavioral shifts, when paired with thoughtful planning, can lead to more sustainable outcomes. At BWFA, we help clients build financial plans that account for both the numbers and the human side of decision-making. This episode offers perspective for anyone seeking greater confidence by focusing on the habits that truly drive financial success. To learn more about building a thoughtful financial plan, visit BWFA's Financial Planning Services.

ESTATE PLANNING BASICS FOR EVERY STAGE OF LIFE FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS Tyler Kluge | CFP®, CPWA®, CDFA®, CEPS Financial Planner, BWFA Tessa Hall Media and Communications Specialist, BWFA About This Episode Estate planning is often misunderstood as something only wealthy families need to worry about. This episode explains why having a plan in place matters regardless of net worth and how basic estate documents can provide clarity, protection, and peace of mind at every stage of life. Full Description Many people assume estate planning is only necessary for those with significant wealth. In reality, estate planning is about protecting loved ones, clarifying wishes, and reducing uncertainty, regardless of net worth. In this episode of Healthy, Wealthy & Wise, the discussion explains why estate planning is important for individuals and families at all stages of life. Listeners will learn how basic planning documents help ensure decisions are made according to their wishes, not left to default rules. The episode covers common misconceptions around estate planning and why waiting can create unnecessary complications. Without proper documents in place, families may face delays, added stress, and difficult decisions during already challenging times. The conversation also highlights how estate planning supports broader financial planning goals. Coordinating beneficiaries, powers of attorney, and healthcare directives helps create clarity and continuity, especially as life circumstances change. Listeners will gain insight into why estate planning is not about predicting outcomes, but preparing for possibilities. Having a plan in place provides peace of mind and helps protect both people and assets. At BWFA, we encourage proactive planning that reflects each client's goals and values. This episode offers a clear reminder that estate planning is a foundational step for anyone who wants to care for those they love. To learn more about estate and financial planning strategies, visit BWFA's Financial Planning Services.

WHAT THE 2026 CONTRIBUTION LIMITS MEAN FOR YOU FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Contribution limits for retirement accounts change periodically and can impact how much you are able to save. This episode explains the newly finalized retirement plan contribution limits for 2026 and why understanding these updates can help you make informed decisions about saving, planning, and taking advantage of available opportunities. Full Description Each year, retirement plan contribution limits are reviewed and adjusted, reflecting changes in economic conditions and cost-of-living considerations. These updates can affect how much individuals and families are able to contribute to retirement accounts and influence overall planning strategies. In this episode of Healthy, Wealthy & Wise, the discussion focuses on the retirement plan contribution limits finalized for 2026. Listeners will learn what has changed, which accounts are impacted, and why these updates matter when planning for long-term financial goals. The episode explains how contribution limits apply to common retirement vehicles and how increases may create new opportunities to save more efficiently. Understanding these limits is especially important for those nearing retirement, individuals trying to maximize savings, or anyone adjusting their financial plan for the coming year. The conversation also highlights why contribution limits should be viewed as part of a broader strategy rather than in isolation. Saving more is helpful, but aligning contributions with income, tax considerations, and future goals is equally important. Planning ahead allows individuals to take advantage of changes without disrupting cash flow or other priorities. Listeners will gain perspective on how staying informed about contribution limits supports proactive planning. Rather than reacting at tax time, understanding updates early allows for more intentional decisions throughout the year. At BWFA, we help clients evaluate how annual changes like contribution limits fit into their overall financial plans. This episode provides timely insight for anyone looking to stay informed and make thoughtful choices as they plan for 2026 and beyond. To learn more about retirement planning strategies, visit BWFA's Financial Planning Services.

HOW TO DECIDE BETWEEN DEBT AND INVESTING FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Deciding whether to pay off debt or invest can feel overwhelming. Learn how to weigh your options and make choices that support long-term goals. Full Description One of the most common financial questions people face is whether they should focus on paying off debt or investing for the future. Both options can play an important role in a healthy financial plan, but the right answer is rarely the same for everyone. In this episode of Healthy, Wealthy & Wise, the discussion explores how to evaluate the decision to pay down debt versus investing. Listeners will learn why interest rates, cash flow, and personal goals all matter when deciding where to direct their money. The conversation explains that not all debt is created equal. High-interest consumer debt can place ongoing pressure on finances, while lower-interest debt may allow room for investing at the same time. This episode helps listeners understand how different types of debt fit into a broader financial strategy. The episode also highlights the emotional side of this decision. Paying off debt can provide peace of mind, while investing supports long-term growth. Balancing these priorities often requires tradeoffs. Rather than viewing the choice as all or nothing, the discussion encourages a more flexible approach that considers both progress and stability. Listeners will gain insight into how thoughtful planning can help avoid extremes. Making consistent, informed decisions over time often leads to better outcomes than reacting based on short-term emotions or headlines. At BWFA, we help individuals and families align debt management and investing within a comprehensive plan. This episode offers guidance to help you make confident decisions that fit your unique financial situation. To learn more about building a balanced financial plan, visit BWFA's Financial Planning Services.

RELOCATING TOO QUICKLY IN RETIREMENT FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Retirement withdrawals are more complex than many expect. Learn what often gets overlooked when turning savings into income. Full Description Saving for retirement is only part of the journey. Turning those savings into a reliable income requires careful planning and ongoing decision-making. Many retirees are surprised by how complex withdrawal strategies can be once retirement begins. In this episode of Healthy, Wealthy & Wise, the discussion focuses on what people are often not told about retirement withdrawal strategies. Listeners will learn why the order, timing, and source of withdrawals can significantly affect long-term outcomes. The episode explores how taxes, required distributions, and market conditions all influence retirement income planning. Without a clear strategy, withdrawals can unintentionally increase tax exposure or shorten the lifespan of a portfolio. The conversation also highlights why flexibility matters. Retirement plans are not static, and withdrawal strategies should evolve as circumstances change. Health needs, spending patterns, and market performance all play a role in shaping sustainable income. Listeners will gain insight into why a coordinated approach is essential. Withdrawal decisions should align with overall financial goals, not be made in isolation. This episode emphasizes the importance of planning and revisiting strategies regularly. At BWFA, we help retirees and pre-retirees build income strategies designed to support long-term confidence and adaptability. This episode provides a valuable perspective for anyone approaching or living in retirement. To learn more about retirement income planning, visit BWFA's Financial Planning Services.

ARE YOU BEING TOO SAFE WITH YOUR MONEY? FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Relocating in retirement can be exciting, but moving without proper research can turn into a costly mistake. In this episode, BWFA's Sandy Hornor, Jr. and Tyler Kluge explain the risks of relocating too quickly—and how to make sure your next move supports both your lifestyle and your financial goals. Full Description Being cautious with money is often viewed as a strength. Avoiding risk, holding extra cash, and prioritizing security can provide peace of mind. However, being too conservative for too long can create challenges that are not always obvious at first. In this episode of Healthy, Wealthy & Wise, the discussion explores the hidden risks of being overly conservative with your finances. Listeners will learn how excessive caution can reduce growth potential and make it harder to keep pace with long-term goals. The episode explains how inflation, time, and opportunity cost can quietly erode purchasing power when money remains underutilized. While conservative strategies may feel safe in the short term, they can limit flexibility and options later in life. The conversation also emphasizes that risk is not one-size-fits-all. What feels appropriate at one stage of life may no longer support future needs. Understanding how risk tolerance, time horizon, and goals interact is critical when evaluating financial decisions. Listeners will gain insight into how thoughtful adjustments can improve balance without abandoning stability. Being strategic does not mean taking unnecessary risks. It means aligning decisions with long-term objectives while remaining adaptable as circumstances change. At BWFA, we help individuals and families strike the right balance between caution and opportunity. This episode encourages listeners to reassess whether their current approach supports where they want to go. To learn more about building a balanced financial plan, visit BWFA's Financial Planning Services.

MONEY MISTAKES THAT CAN HURT YOU IN YOUR 30S AND 40S FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode HOW TO DECIDE BETWEEN DEBT AND INVESTING Full Description Your 30s and 40s are often some of the busiest and most financially complex years of life. Careers are advancing, families may be growing, and financial responsibilities tend to increase. During this time, small missteps can quietly compound into larger challenges later on. In this episode of Healthy, Wealthy & Wise, the discussion focuses on common money mistakes people make in their 30s and 40s. Listeners will learn how competing priorities such as housing, childcare, education costs, and lifestyle choices can strain finances if not managed intentionally. The conversation highlights how delaying planning can be one of the most costly mistakes. Waiting to save, invest, or address protection needs often reduces flexibility later. This episode explains why building good habits earlier in these decades can make future decisions easier and less stressful. Another key theme is balance. Overextending on lifestyle upgrades, underestimating long-term goals, or neglecting foundational planning can all slow progress. The discussion emphasizes the importance of aligning spending with values and maintaining clarity around priorities. Listeners will also hear why financial mistakes during these years are common and understandable. Life moves quickly, and many decisions are made without full information. The goal is not perfection, but awareness. Recognizing potential pitfalls allows individuals to course-correct before long-term consequences set in. At BWFA, we help individuals and families navigate these pivotal years with thoughtful planning and guidance. This episode offers practical insight to help listeners make more informed financial decisions during their 30s and 40s. To learn more about building a financial plan that evolves with your life, visit BWFA's Financial Planning Services.

WHY A HIGH INCOME DOESN'T GUARANTEE WEALTH FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Earning more money does not always lead to financial security. Learn why income alone is not enough to build lasting wealth. Full Description Many people assume that a high income automatically leads to wealth. In reality, income is only one part of the financial picture. Without intentional planning, even strong earnings can fail to translate into long-term security. In this episode of Healthy, Wealthy & Wise, the discussion explores why income alone does not guarantee wealth. Listeners will learn how spending habits, lifestyle choices, taxes, and planning decisions often have a greater impact on financial outcomes than salary alone. The episode highlights common patterns seen among high earners who struggle to build wealth. Lifestyle inflation, lack of savings discipline, and uncoordinated financial decisions can quietly erode progress over time. The conversation explains how these issues can affect professionals at every income level. Listeners will also gain insight into what truly supports wealth building. Consistent saving, intentional spending, thoughtful investing, and long term planning all work together to create sustainable financial strength. Wealth is built through decisions made over time, not simply through higher paychecks. Rather than focusing on earning more, this episode encourages listeners to focus on making smarter choices with what they already earn. Understanding where money goes, aligning spending with goals, and creating a structured plan can make a meaningful difference. At BWFA, we work with individuals and families to help turn income into lasting opportunity. This episode offers a practical reminder that wealth is about behavior, planning, and consistency. To learn more about building a comprehensive financial plan, visit BWFA's Financial Planning Services.

HOW TO PREPARE FINANCIALLY FOR THE UNEXPECTED (WITHOUT OBSESSING) FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Life is unpredictable, but financial planning does not have to be stressful. Learn how to prepare for the unexpected without constant worry. Full Description Unexpected events are a part of life. Job changes, health issues, family needs, and economic shifts can all impact financial stability. While it is impossible to plan for every outcome, being financially prepared can help reduce stress and improve confidence when challenges arise. In this episode of Healthy, Wealthy & Wise, the discussion focuses on how to prepare financially for the unexpected without becoming overwhelmed or overly cautious. The conversation emphasizes balance, showing how thoughtful planning can create flexibility without requiring constant monitoring or fear-driven decisions. Listeners will learn why preparation is about structure rather than prediction. Establishing emergency savings, maintaining appropriate insurance coverage, and understanding cash flow are foundational steps that help absorb life's surprises. This episode also explores how over-preparing can be just as harmful as under-preparing, particularly when excessive conservatism limits long-term growth or opportunity. The discussion highlights the importance of clarity. Knowing what resources are available and how they fit into an overall financial plan allows individuals to respond thoughtfully rather than react emotionally. Preparation does not mean obsessing over worst-case scenarios. It means building a plan that can adapt as circumstances change. Rather than offering quick fixes or rigid rules, this episode encourages a calm, intentional approach to financial readiness. When preparation is aligned with goals and values, it becomes a source of confidence rather than anxiety. At BWFA, we help clients design financial plans that are resilient, flexible, and realistic. Preparing for the unexpected is not about fear. It is about creating a plan that supports you through whatever life brings. To learn more about building a flexible financial plan, visit BWFA's Financial Planning Services.

GETTING THE MOST OUT OF A MARYLAND 529 FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Maryland 529 plans offer tax advantages for families saving for education. Learn how these plans work and how they fit into college planning. Full Description Saving for college can feel overwhelming, especially as education costs continue to rise. Maryland families have access to a powerful tool that can help make this goal more manageable: the Maryland 529 college savings plan. Understanding how these plans work is an important step in building an effective education funding strategy. In this episode of Healthy, Wealthy & Wise, Larry and Tyler discuss how Maryland 529 plans function and why they are commonly used for college savings. They explain the basic structure of a 529 plan, including how contributions grow over time and how funds can be used for qualified education expenses. The conversation also highlights the specific benefits available to Maryland residents. State tax deductions, flexibility in contribution amounts, and control over the account all play a role in making Maryland 529 plans appealing for families at different stages of planning. Larry and Tyler also discuss how these plans can be coordinated with other education funding options. Listeners will learn why it is important to align college savings with broader financial goals. Saving for education should not come at the expense of retirement planning or overall financial stability. This episode emphasizes the value of balance and thoughtful prioritization when planning for future expenses. Rather than viewing a 529 plan as a standalone solution, Larry and Tyler encourage families to integrate college savings into a comprehensive financial plan. This approach helps ensure education goals are supported while maintaining long-term flexibility. To learn more about education planning and savings strategies, visit BWFA's Financial Planning Services.

THE BENEFITS OF STARTING FINANCIAL PLANNING EARLY FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Senior Financial Planner, BWFA About This Episode Starting financial planning early can make a meaningful difference over time. Learn why early action creates flexibility, confidence, and long-term opportunity. Full Description Financial planning is often viewed as something to address later in life, once income increases or major milestones approach. In reality, starting early can provide significant advantages that compound over time. The earlier planning begins, the more flexibility individuals have to adapt, adjust, and stay aligned with their goals. In this episode of Healthy, Wealthy & Wise, Larry and Tyler discuss why early financial planning lays a strong foundation for long-term success. They explain how starting early allows individuals to take advantage of compounding, build healthy financial habits, and make thoughtful decisions without unnecessary pressure. The conversation highlights how early planning is not about perfection, but direction. Establishing clear priorities, understanding cash flow, and setting realistic goals can help individuals navigate life changes with greater confidence. Early planning also creates room to course-correct as circumstances evolve, rather than reacting under time constraints later on. Larry and Tyler also emphasize the value of education and consistency. Small steps taken early can have an outsized impact over time. Whether planning for retirement, managing debt, or preparing for future expenses, starting early allows planning decisions to work together more effectively. Rather than waiting for a “right time,” this episode encourages listeners to view financial planning as an ongoing process that grows alongside them. Early planning supports better decision-making and helps reduce stress as goals become more defined. At BWFA, we help individuals and families build financial plans that evolve with each stage of life. This episode reinforces the importance of starting early and staying engaged over time. To learn more about building a financial plan that fits your goals, visit BWFA's Financial Planning Services.

WHY RAISES CAN STILL LEAVE YOU BEHIND FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Thad Ismart | CFP®, ChFEBC, CEPS  Senior Financial Planner About This Episode As income increases, spending often follows, sometimes without being noticed. In this episode, Thad Ismart explains how lifestyle creep quietly erodes savings and why even small spending increases can have significant long-term financial repercussions. Full Description Lifestyle creep happens gradually. A raise leads to nicer vacations. A bonus can turn into a bigger home or an upgraded car. Over time, higher spending becomes the norm—even when income fluctuates, or unexpected expenses arise. While these changes may feel manageable in the moment, they can quietly undermine long-term financial goals. In this episode of Healthy, Wealthy & Wise, Thad Ismart, CFP®, ChFEBC, CEPS, Senior Financial Planner at Baltimore-Washington Financial Advisors, explores the real impact of lifestyle creep and why it's one of the most common challenges in financial planning. Thad explains how incremental spending increases often go unnoticed until savings stall or financial stress appears. The conversation highlights how lifestyle creep affects more than just monthly budgets. It can delay retirement, reduce flexibility, and limit the ability to respond to life's surprises. Thad also discusses how social comparison and changing expectations play a role, making it easy to spend more simply because it feels “normal.” Listeners will learn practical ways to manage lifestyle creep without sacrificing enjoyment. Thad emphasizes the importance of intentional spending, regular financial check-ins, and aligning lifestyle choices with long-term priorities. By setting clear goals and reviewing them as income changes, individuals can enjoy progress without losing control. At BWFA, we help clients create financial plans that balance today's lifestyle with tomorrow's security. This episode encourages listeners to recognize subtle spending shifts and make thoughtful choices that support lasting financial confidence. To learn more about building a sustainable plan, visit BWFA's Financial Planning Services.

WHAT MOST PEOPLE MISS IN THEIR FINANCIAL PLANNING FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Thad Ismart | CFP®, ChFEBC, CEPS  Senior Financial Planner About This Episode Even when your finances feel “on track,” hidden blind spots can quietly undermine your progress. In this episode, Thad Ismart explains how overlooked behaviors, assumptions, and habits can create financial risk—and how to identify them early. Full Description Many people assume that once they have a budget, an emergency fund, and a basic investment strategy, their financial life is in good shape. But confidence can sometimes create blind spots—areas that go unexamined simply because they're unfamiliar, uncomfortable, or easy to postpone. In this episode of Healthy, Wealthy & Wise, Thad Ismart, CFP®, ChFEBC, CEPS, Senior Financial Planner at Baltimore-Washington Financial Advisors, explores common financial blind spots and why they matter. He explains how people often focus on the parts of money management they understand while overlooking equally important areas that can impact long-term outcomes. Thad discusses how phrases like “spend money to make money” can be misunderstood and lead to unnecessary risk. He also explains why common financial rules of thumb—such as avoiding tax refunds at all costs—don't always apply to every situation. What works for one person may not work for another, and rigid thinking can prevent better solutions. Another major blind spot is comparison. Social media and lifestyle envy can distort priorities, pushing people to spend, invest, or borrow in ways that don't align with their goals. Thad also highlights how early life experiences shape our beliefs about money, often influencing decisions without us realizing it. Finally, the episode addresses one of the most common blind spots of all: retirement planning procrastination. Many people delay planning because the future feels uncertain or overwhelming. Thad emphasizes that financial planning is an ongoing process—one that evolves as life changes. This episode encourages listeners to step back, reassess assumptions, and address the gaps they may not even know exist. At BWFA, our financial planning process is designed to identify gaps and help clients make informed decisions over time. For more information, visit BWFA's Financial Planning Services.

COSTLY MISTAKES RELOCATING TOO QUICKLY IN RETIREMENT FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Relocating in retirement can be exciting, but moving without proper research can turn into a costly mistake. In this episode, BWFA's Sandy Hornor, Jr. and Tyler Kluge explain the risks of relocating too quickly—and how to make sure your next move supports both your lifestyle and your financial goals. Full Description A new home in retirement often represents more than just a change of address. For many, relocation symbolizes freedom, fresh opportunities, or a chance to be closer to family. Yet without careful planning, the dream move can bring unexpected expenses and regrets. In this episode of Healthy, Wealthy & Wise, BWFA's Sandy Hornor, Jr. and Tyler Kluge explore the common pitfalls of relocating without enough research. They explain how factors like cost of living, property taxes, healthcare access, and state tax laws can have a lasting impact on financial security. Even small differences—such as insurance costs or utility bills—can add up over the years and strain a retirement budget. Listeners will also learn why lifestyle factors matter as much as financial ones. A move to a warmer climate may seem ideal, but access to quality healthcare, transportation, and social networks is equally important. Sandy and Tyler share real-world examples of clients who reconsidered relocation plans after evaluating these details. The key takeaway is that relocation should never be a snap decision. By running the numbers, visiting multiple times, and discussing long-term goals with a financial planner, retirees can ensure their move enhances rather than hinders their retirement. At BWFA, we help clients weigh the financial and lifestyle implications of relocation. This episode offers practical strategies to avoid surprises and make relocation a positive step forward. For more guidance, visit BWFA's Financial Planning Services.

COSTLY MISTAKES THE REALITY OF CREDIT MISUSE FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Credit cards are convenient, but without careful management, they can become a financial trap. In this episode, BWFA's Sandy Hornor, Jr. and Tyler Kluge discuss how misusing credit cards impacts long-term financial health—and share strategies for avoiding costly mistakes. Full Description Credit cards offer convenience, rewards, and short-term flexibility. Yet for many, they also become a source of debt and financial stress. High interest rates, overspending, and missed payments can quickly add up, making it harder to save, invest, or plan for retirement. In this episode of Healthy, Wealthy & Wise, BWFA's Sandy Hornor, Jr., and Tyler Kluge discuss the hidden risks of mismanaging credit cards. They explain how carrying balances month after month erodes wealth and why relying on credit for everyday expenses creates long-term challenges. The conversation also covers the impact of late payments on credit scores and how that can affect borrowing costs in the future. Listeners will learn practical strategies for using credit responsibly. Sandy and Tyler share insights on how to avoid common traps, such as making only minimum payments or applying for too many cards at once. They also highlight the importance of budgeting, paying balances in full, and using rewards programs wisely. The key message is that credit cards are not inherently bad—they simply require discipline. With thoughtful use, they can provide flexibility and even benefits. Without discipline, they can derail savings goals and put your financial security at risk. At BWFA, we help clients make informed decisions about debt, savings, and long-term planning. This episode offers actionable advice to help you avoid the pitfalls of mismanaging credit cards and build a stronger financial foundation. For more financial planning resources, visit BWFA's Financial Planning Services.

COSTLY MISTAKES THE RISK OF OVERLOOKING INFLATION FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Inflation may not seem dramatic day-to-day, but over time it quietly erodes your purchasing power. In this episode, BWFA's Sandy Hornor, Jr. and Tyler Kluge explain why ignoring inflation is one of the most common and costly mistakes retirees make. Full Description Inflation has always been part of the economic landscape, but recent years have reminded us how quickly costs can rise. Even modest annual increases add up over decades, changing what retirees can afford and forcing tough decisions about lifestyle, travel, and healthcare. Planning without accounting for inflation often leads to budgets that work on paper at the start of retirement but fail later on. In this episode of Healthy, Wealthy & Wise, BWFA's Sandy Hornor, Jr. and Tyler Kluge break down why inflation is called the “invisible thief.” They explain how it reduces the value of savings, increases the cost of essential services, and undermines long-term financial security. Retirees who ignore inflation may find that what felt safe in their 60s becomes inadequate in their 80s. Listeners will learn practical ways to protect against inflation. Strategies include investing in growth assets, diversifying income streams, and reviewing plans regularly to reflect changing conditions. Sandy and Tyler also share how BWFA helps clients stress-test portfolios under different inflation scenarios, offering peace of mind that the plan can adapt to both gradual increases and unexpected spikes. The key takeaway is that retirement planning must look forward, not just focus on today's expenses. By anticipating rising costs and adjusting proactively, you can preserve purchasing power, maintain your lifestyle, and protect the legacy you hope to leave for loved ones. For more guidance, visit BWFA's Financial Planning Services.

COSTLY MISTAKES HOW TO AVOID RUNNING OUT TOO SOON FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Spending too quickly in retirement can drain savings and create stress later in life. In this episode, BWFA's Sandy Hornor, Jr. and Tyler Kluge explain the “retirement spending trap” and share strategies to make sure your money lasts as long as you do. Full DescriptionRetirement should be a time to enjoy the results of years of saving and planning. Yet many retirees fall into the spending trap—using their nest egg too quickly in the early years. What feels comfortable in the moment may create long-term financial pressure, especially as healthcare costs rise and lifespans extend. In this episode of Healthy, Wealthy & Wise, BWFA's Sandy Hornor, Jr. and Tyler Kluge discuss the importance of pacing withdrawals. They explain how lifestyle choices, travel, and large purchases in the first decade of retirement can have ripple effects decades later. The conversation also highlights why required minimum distributions and tax considerations should factor into withdrawal strategies. Listeners will learn how to develop a sustainable spending plan that aligns with both current lifestyle desires and future needs. Sandy and Tyler share examples of clients who adjusted their spending pace to preserve financial flexibility while still enjoying retirement. They also emphasize the role of professional planning in stress-testing different scenarios to ensure confidence throughout retirement. The retirement spending trap isn't about avoiding enjoyment—it's about making thoughtful choices that balance today's lifestyle with tomorrow's security. By slowing down spending in the early years and reviewing your plan regularly, you can maintain peace of mind while protecting your financial legacy. For more guidance, visit BWFA's Financial Planning Services.

COSTLY MISTAKES SPENDING BONUSES THE WRONG WAY FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Year-end bonuses can provide a big financial boost, but without a plan, extra income often disappears quickly. In this episode, BWFA's Sandy Hornor, Jr. and Tyler Kluge explain why “blowing your bonus” is a costly mistake—and how to turn windfalls into long-term opportunity. Full Description Receiving a bonus feels rewarding. It can be tempting to celebrate with a big purchase, upgrade, or vacation. But when bonuses are spent too quickly, they fail to create lasting financial impact. Instead of building wealth, they disappear into short-term lifestyle choices. In this episode of Healthy, Wealthy & Wise, BWFA's Sandy Hornor, Jr. and Tyler Kluge discuss the common mistake of “blowing your bonus.” They explain how treating bonuses like “found money” often leads to spending that doesn't align with long-term goals. The conversation highlights how extra income, when used wisely, can accelerate savings, pay down debt, or strengthen retirement plans. Listeners will hear practical strategies for putting bonuses to work. Sandy and Tyler share how dividing bonuses into buckets—such as savings, debt reduction, and enjoyment—creates balance between financial progress and personal reward. They also discuss how ignoring tax implications can lead to surprises, and why planning ahead ensures that a bonus creates lasting value. The key takeaway: bonuses are opportunities, not guarantees. By planning in advance, individuals can avoid the costly mistake of spending without intention. Even small steps—like contributing to retirement accounts, funding emergency savings, or investing for growth—can have an outsized impact when applied consistently. At BWFA, we help clients integrate windfalls like bonuses into their broader financial plans. This episode shows how a thoughtful approach can turn extra income into meaningful progress toward long-term goals. For more insights, visit BWFA's Financial Planning Services.

COSTLY MISTAKES WHY SAVING TOO LITTLE HURTS LATER FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Saving may appear simple, but many individuals underestimate the actual amount they'll require for retirement. In this episode, BWFA's Sandy Hornor and Tyler Kluge delve into the reasons behind insufficient savings and highlight it as one of the most expensive financial blunders. They also provide actionable steps to help you catch up. Full Description Retirement often arrives sooner than expected—and for many, the biggest regret isn't market losses, but simply not saving enough. While most people know they should save, few realize how quickly expenses grow and how inflation can double the cost of living every 20 years. In this episode of Healthy, Wealthy & Wise, BWFA's Sandy Hornor and Tyler Kluge break down the realities of under-saving. They explain why retirement “sneaks up” faster than most expect, and how even diligent savers can fall short without a clear plan. The discussion emphasizes the importance of starting early, automating savings, and increasing contributions over time. Sandy and Tyler also highlight the math behind compounding and inflation. A 7% annual return doubles a portfolio roughly every 10 years—but costs double about every 20. The earlier you start, the more power compounding has to work in your favor. For those starting late, they share realistic steps to catch up, such as boosting savings rates, maximizing employer plans, and aligning investments to long-term goals. The conversation wraps with a reminder that successful retirement planning isn't about reacting to markets—it's about integrating all aspects of wealth management. At BWFA, our comprehensive approach includes investment management, financial planning, tax strategy, and estate planning to ensure all parts of your plan work together. If you're wondering whether you're saving enough—or worried you're behind—it's never too late to take control of your future. For more insights, visit BWFA's Financial Planning Services.

COSTLY MISTAKES NOT HAVING ESTATE PLANNING DOCUMENTS FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Estate planning isn't only for the wealthy. Without the right documents, families may face legal challenges, financial stress, and uncertainty. In this episode, BWFA's Sandy Hornor, Jr. and Tyler Kluge explain why putting off estate planning is a costly mistake, and how to avoid it. Full Description Estate planning is often misunderstood. Many assume it's only necessary for people with large estates, but in reality, nearly everyone benefits from having key documents in place. A lack of planning can leave families unprepared, force courts to make critical decisions, and create unnecessary stress during already difficult times. In this episode of Healthy, Wealthy & Wise, BWFA's Sandy Hornor, Jr. and Tyler Kluge discuss the risks of not having essential estate planning documents. They explain the role of wills, powers of attorney, and healthcare directives in ensuring that your wishes are carried out. They also highlight how trusts can provide structure for transferring assets, minimizing disputes, and reducing costs for loved ones. Listeners will hear stories of families caught unprepared because estate documents weren't updated—or never created. Sandy and Tyler emphasize that estate planning is not a one-time task. It must evolve with changes in family circumstances, financial situations, and state or federal laws. The episode also explores the emotional benefits of planning. Having documents in place allows families to focus on care and connection instead of conflict and confusion. It's not just about money; it's about protecting the people and priorities that matter most. At BWFA, we work with clients to review and update estate planning as part of a comprehensive financial strategy. This episode highlights why it's important to act now rather than wait until it's too late. For more information, visit BWFA's Financial Planning Services.

COSTLY MISTAKES THE DOWNSIDES OF EARLY PAYOFF FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode For many homeowners, paying off the mortgage feels like the ultimate financial milestone. But doing it too early can sometimes create unintended consequences. In this episode, BWFA's Sandy Hornor, Jr. and Tyler Kluge explain why paying off your mortgage may not always be the best move in retirement. Full Description Owning a home free and clear is a common financial goal. It provides emotional satisfaction, eliminates a major monthly bill, and can feel like the ultimate symbol of financial security. Yet for retirees, rushing to pay off a mortgage can be a costly mistake if it disrupts cash flow or limits investment opportunities. In this episode of Healthy, Wealthy & Wise, BWFA's Sandy Hornor, Jr. and Tyler Kluge explore the trade-offs of using retirement funds to eliminate mortgage debt. They explain how withdrawing large sums to pay off a loan can trigger higher taxes, reduce liquidity, and leave less money invested for growth. While debt-free living has its appeal, it may not always align with long-term financial health. Listeners will hear why context matters—interest rates, tax brackets, and income sources all play a role in whether paying off a mortgage makes sense. Sandy and Tyler share examples of retirees who balanced a modest mortgage with strong investment growth, ultimately ending up with more flexibility and wealth than if they had paid off the loan immediately. The key lesson is that mortgage decisions should be made within the larger framework of a retirement plan. By weighing both the financial and emotional aspects, retirees can choose the approach that provides confidence today while protecting future stability. For more guidance, visit BWFA's Financial Planning Services.

COSTLY MISTAKES WHEN LIFE INSURANCE FALLS SHORT FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Life insurance is meant to provide peace of mind and protection for loved ones, but many people discover too late that their coverage is inadequate. In this episode, BWFA's Sandy Hornor, Jr. and Tyler Kluge explain how to avoid this costly mistake and ensure your family's future is secure. Full Description Life insurance often gets purchased early in a career and then left unchanged for years. While the policy may have been sufficient at the time, family needs, debts, and income can change dramatically. Too often, people only realize their coverage is lacking when a major event occurs, leaving loved ones financially vulnerable. In this episode of Healthy, Wealthy & Wise, BWFA's Sandy Hornor, Jr. and Tyler Kluge explore the risks of inadequate life insurance. They discuss why many policies fall short and how factors like inflation, rising expenses, and lifestyle changes can quickly make an old policy outdated. The hosts also examine the difference between term and permanent coverage, stressing the importance of matching insurance to your goals. Listeners will learn how to evaluate whether their current coverage truly protects dependents, pays off debts, and replaces income if the unexpected happens. Sandy and Tyler share examples of clients who reassessed their needs and adjusted policies to better align with family and financial goals. The takeaway is simple: life insurance is not a one-time decision. It should evolve with your circumstances. By reviewing coverage regularly and working with a professional, you can help ensure that your plan provides the right level of protection—now and in the future. For more guidance, visit BWFA's Financial Planning Services.

COSTLY MISTAKES TOO MUCH CASH IN RETIREMENT FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS   with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Holding retirement savings in cash may feel safe, but over time inflation erodes purchasing power. In this episode, BWFA's Sandy Hornor, Jr. and Tyler Kluge explain why too much cash can become a costly mistake—and how to find the right balance for long-term security. You'll also learn why professional planning helps ensure that your money continues to grow, even as your needs and goals evolve. Full DescriptionMany retirees feel comfortable keeping large portions of their retirement plan in cash. It provides stability, avoids market swings, and seems like the safe choice. However, cash alone cannot keep up with inflation. Over the years, rising prices quietly reduce its value, leaving less to cover healthcare costs, everyday expenses, and the retirement lifestyle you planned. In this episode of Healthy, Wealthy & Wise, BWFA's Sandy Hornor, Jr. and Tyler Kluge explain why holding too much cash can be risky. While every plan needs liquidity for emergencies, relying on cash at the expense of growth may limit your long-term success. Together, they share insights on how to strike the right balance, ensuring you maintain flexibility today while protecting your future purchasing power. Listeners will also hear how professional financial planning can help determine the right mix of cash, bonds, and equities. With careful guidance, it is possible to feel secure while still allowing your portfolio to grow. At BWFA, we believe retirement is about more than safety—it's about sustainability. This episode offers practical guidance for making smarter decisions, avoiding common pitfalls, and staying on track for the future. By learning how to balance risk and reward, you can create a retirement strategy designed to last. For more retirement strategies, visit BWFA's Financial Planning Services.

HOW TAX CHANGES WILL AFFECT CHARITABLE GIVING FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Thad Ismart | CFP®, ChFEBC, CEPS  Senior Financial Planner About This Episode Major tax changes are coming in 2026, and they'll reshape how Americans give to charity. In this episode, BWFA's Thad Ismart, CFP®, ChFEBC, CEPS, explains what's changing, who's affected, and how to make the most of your charitable donations under the new rules. Full Description Charitable giving is about more than generosity—it's also an important financial planning tool. But as key tax provisions are set to expire in 2026, many households could see the value of their charitable deductions change dramatically. In this episode of Healthy, Wealthy & Wise, BWFA's Thad Ismart, CFP®, ChFEBC, CEPS, Senior Financial Planner, outlines the upcoming changes to charitable giving and what donors should consider now. Under current law, those who take the standard deduction may soon qualify for a new above-the-line charitable deduction: $1,000 for individuals and $2,000 for married couples. While that's welcome news for many, itemizers will face new thresholds and reduced deduction rates. Thad explains how these adjustments may affect high-income earners and retirees who rely on charitable giving to manage taxes and support causes they care about. He also discusses how Qualified Charitable Distributions (QCDs) from IRAs remain one of the most efficient strategies for donors over age 70½, offering a way to give tax-free while satisfying required minimum distributions. Listeners will learn how to use timing to their advantage—whether it's accelerating donations before 2026, adjusting income levels, or combining giving strategies with estate and retirement planning. The key takeaway is simple: with the right planning, you can continue giving generously while maximizing your tax benefits. At BWFA, we help clients align charitable goals with financial objectives to create meaningful and lasting impact. This episode offers valuable insights for anyone who wants to give smarter in the years ahead. For more information, visit BWFA's Financial Planning Services.

10 KEY MEDICARE CHANGES TO KNOW IN 2026 FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Thad Ismart | CFP®, ChFEBC, CEPS  Senior Financial Planner Medicare is changing in 2026, and the updates will impact premiums, drug costs, and benefits. In this episode, BWFA's Thad Ismart, CFP®, ChFEBC, CEPS, breaks down the 10 most important changes retirees and families need to know to stay prepared. Full Description Medicare plays a central role in retirement planning, but the program is constantly evolving. Beginning in 2026, significant changes are scheduled that will affect millions of Americans. Some updates may help retirees save money, while others could increase costs or reduce benefits. In this episode of Healthy, Wealthy & Wise, BWFA's Thad Ismart, CFP®, ChFEBC, CEPS, Senior Financial Planner, explains the 10 biggest Medicare changes coming in 2026 and what they mean for you. Among the most notable: Part B premiums are projected to increase by more than 11%, making healthcare more expensive for many retirees. On the other hand, prescription drug costs are expected to drop as new pricing rules take effect, and out-of-pocket caps will help limit spending. Thad also highlights program adjustments that may surprise beneficiaries. Medicare Advantage plans could scale back supplemental benefits, while Original Medicare is introducing new pre-authorization requirements in pilot states. These changes underscore the need for proactive planning to ensure coverage continues to align with your healthcare and financial goals. Listeners will gain practical strategies to navigate these shifts. Thad explains how to budget for rising premiums, how to take advantage of reduced drug prices, and why reviewing coverage annually is more important than ever. By understanding these changes in advance, retirees can avoid unpleasant surprises and adapt their plans to maintain stability. At BWFA, we integrate healthcare costs into every financial plan, helping clients prepare for Medicare updates and the long-term expenses of retirement. This episode offers clear guidance on what's ahead in 2026 and how to protect your financial future. For more resources, visit BWFA's Financial Planning Services.

THE OVERLOOKED $2 MILLION SOCIAL SECURITY MISTAKE FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA About This Episode Social Security benefits can add up to more than $2 million for some households, yet many wealthy families overlook their value. In this episode, Senior Financial Planner Thad Ismart explains how high-net-worth individuals can make the costly mistake of ignoring Social Security—and strategies to maximize its impact. Full Description When people think about Social Security, they often imagine modest monthly checks. But over a lifetime, benefits can exceed $2 million for many high-earning households. Unfortunately, wealthy individuals often dismiss Social Security as irrelevant, leaving valuable opportunities on the table. In this episode of Healthy, Wealthy & Wise, Thad Ismart, CFP®, ChFEBC, CEPS, Senior Financial Planner at BWFA, explores how affluent families can misuse—or underuse—Social Security benefits. Thad explains how treating Social Security as “extra” income rather than a strategic asset can lead to missed planning opportunities. The conversation covers practical ways to put Social Security to work. For instance, using benefits to help fund long-term care, cover estate taxes, or purchase life insurance that transfers wealth more efficiently. Thad also highlights strategies like gifting benefits into trusts, which can create tax-smart legacies for heirs. Listeners will come away with a better understanding that Social Security is not just a government check but a tool that can enhance a larger financial plan. Wealthy households that integrate Social Security thoughtfully may free up other assets for investment, giving, or family support. At BWFA, we help clients of all income levels make informed decisions that align with their goals. This episode encourages even high-net-worth families to reconsider the role Social Security can play in their overall strategy. For more insights, visit BWFA's Financial Planning Services.

IS CASH KING? BALANCING LIQUIDITY AND GROWTH FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS,  Financial Planner, BWFA Episode Details: Cash is often described as either “king” or “trash.” In reality, it can be both—depending on your circumstances. In this episode of Healthy, Wealthy & Wise, BWFA's Sandy Hornor and Tyler Kluge explore when holding cash makes sense and when it may work against your long-term goals. The conversation begins with why cash matters. Having an emergency fund provides peace of mind and flexibility when life delivers the unexpected—medical bills, job loss, or urgent home repairs. Sandy and Tyler discuss how to size an emergency fund, why rules of thumb like “three to six months of expenses” may not fit every situation, and how personal factors such as job stability or income volatility affect the right cash balance. But cash also has drawbacks. For retirees who already have stable income from pensions or Social Security, holding too much in cash can mean missed opportunities for growth. The episode shares real-life examples of families who kept significant wealth in ultra-conservative accounts—only to realize that over decades, inflation would erode their purchasing power and diminish the legacy they hoped to leave to children and grandchildren. Sandy and Tyler emphasize that the right answer depends on goals, timing, and flexibility. They recommend tailoring cash holdings to personal risk tolerance, liquidity needs, and investment horizon. The discussion also touches on practical strategies, such as using money markets, high-yield savings, or laddered CDs to keep funds both safe and accessible. Finally, listeners are reminded that cash needs evolve with life changes—new jobs, growing families, or retirement. Reviewing and adjusting cash reserves regularly is critical to keeping financial plans on track. For more insights, visit BWFA's Financial Planning Services.

Smart Money Moves for Therapists in a Shaky EconomyFeeling nervous about the economy? You're not alone—and you're not powerless. In this episode, Julie Herres welcomes financial planner David Frank back to the show for a calming and practical conversation about what therapists can do when things feel financially unstable.You'll learn why panic doesn't serve your practice—and what to do instead. Whether you're watching the market dip, worried about Medicare or Medicaid cuts, or just feeling the pressure of team payroll, this episode is packed with tools and reassurance.Why listen:Understand what market volatility really means.Learn how to protect your business from revenue concentration risks.Get proactive steps to ease anxiety and make grounded decisions.Show Highlights:01:45 – Why anxiety is rising and what's really happening in the market03:00 – Zooming out: what history tells us about bear markets and recovery05:00 – Julie's “set it and forget it” investing strategy08:00 – Dollar-cost averaging explained—and why it works09:30 – How to think like a CEO if you rely on Medicaid/Medicare10:40 – Revenue concentration risk: what it is, and why it matters11:30 – Using “fear-setting” to prepare without panicking14:00 – The value of securing a line of credit before you need it20:00 – The difference between tracking for action vs. emotional reassurance22:00 – How missing a few big days in the market can hurt long-term returns23:00 – Julie's closing reminderClosing Thought: “If you're feeling unsure, that's okay. You don't have to hustle harder, but you can plan smarter. You've got this—and I'm cheering you on.”Links and ResourcesTurning Point HQ – David Frank's Financial Planning Services https://turningpointhq.com/Money for Therapists Practice Startup - https://www.greenoakaccounting.com/startupGreenOak Accounting - www.GreenOakAccounting.comTherapy For Your Money Podcast - www.TherapyForYourMoney.comProfit First for Therapists - www.ProfitFirstForTherapists.comProfit First Academy - www.ProfitFirstForTherapists.com/Academy Podcast Production and Show Notes by Course Creation StudioGet our free KPI tracker to see how you practice measures up to others in the industry! www.therapyforyourmoney.com/kpi

What if you could cut through the noise and offer your clients true value beyond just product performance? In this episode, Referral Coach Bill Cates interviews co-founders of Holistic Financial Planners Steven Kaplan and Benjamin Skupp about charging for advice. They share their journey into adopting a new financial model that enabled them to work … Continue reading #83 Charging for Financial Planning Services with Steven Kaplan & Ben Skupp →

It's a new year and many of us are looking forward to all the new changes they hope to make over the next 12 months. Common resolutions involve taking steps to improve health, upgrade skills, or achieve something new.  Another important resolution to include in your plan is to improve financial health. In this tip I'll share a few financial resolutions to consider for a financially successful 2025.  Links: Explore debt management articles on TCU University and our Pay off Debt webinar on YouTube Us our Money Management tool in online banking to set savings and debt payoff goals Learn more about our Goal Builder tool and how to use it for setting savings goals. View overview. Check out our Budgeting 101 workshop on YouTube or explore upcoming live financial literacy events Explore the benefits of a Better Checking account including a credit score tracker and report Explore our Financial Planning Services to get started with investing, estate planning, social security help and more Check out TCU University for more financial education tips and resources!  Follow us on Facebook, Instagram and Twitter!  Learn more about Triangle Credit Union Transcript: Welcome to Money Tip Tuesday from the Making Money Personal podcast.   As the new year begins, it's the perfect time to reflect on your financial habits and set new goals. Creating financial resolutions can be a powerful way to take control of your finances, reduce stress, and build a more secure future. Whether it's saving more, reducing debt, or investing wisely, setting clear and achievable financial resolutions can help you stay focused and motivated throughout the year. By making thoughtful financial decisions now, you can pave the way for a prosperous and financially stable future.  Here are a few popular financial resolutions to consider for the new year.  Resolution 1: Pay Off Debt: Think about making this the year to finally work to lower or even eliminate debt.  If paying off all your debt over the year isn't that doable, set a number on how much you want to pay off instead like “I want to decrease my debt by $10,000 this year” or “I finally want to pay off a certain credit card debt”. Setting this specific goal makes it easier to stay focused and motivated throughout the year as you can track your progress through to completion. If you're unsure where to begin, explore some of our debt resources like videos on YouTube, articles on Triangle University or even attend one of our free webinars to establish your debt payoff plan.   Resolution 2: Saving More Money: Many people admit they need to save more, but often fail or seriously miss the mark because they never took action on how to do it in the first place. To get started with this resolution, choose a set dollar amount from every paycheck and deposit it into a savings account as soon as you get your check. Prioritize your saving as the first thing you do whenever you get paid, then work out the rest of your expense items from there. If you have direct deposit, set it up so a portion of your check is automatically deposited into a savings account. This is an easy and effortless way to save because you won't have to manually transfer the money yourself. Additionally, for anyone saving for a specific goal like a car, emergency savings, vacation, or home downpayment, use Triangle's Goal Builder tool in online and mobile banking to automatically allocate money from your savings account towards that specific financial goal.  Resolution 3: Creating and Sticking to a Budget: Many of us know we need to budget. Make it a priority to set up a budget and work according to it throughout the year. Using a budget helps with income and expense management by giving you the power to determine exactly where your money goes every time it comes in. If you're new to budgeting, there are many tools available to help you get started. Check out some books or explore online lessons like our Budgeting 101 workshop available to watch on YouTube or occasionally as a webinar you can attend. These tools will help you understand the process of budgeting and provide hands-on activities to get you started right away.     Resolution 4: Improving Credit Score: If you're unhappy with your credit score, set a resolution to improve it this year. Because a credit score impacts your ability to borrow and also determines which interest rate you'll get, having a higher credit score is a noble goal to pursue. If your score is lower than you'd like, take proactive steps and lay out a plan over the year to improve it. Be diligent with all your payments by consistently paying them all on time. For those who struggle with this, set up auto payments if possible, to help automate the process and avoid any missed payments that can affect your score. In addition, use a credit monitoring tool. Some credit cards offer complimentary credit reporting so get familiar with the platform and get used to checking your score. For those with a Triangle Better Checking account, you can access your credit score and report using the Better Checking ID Protect service.    Resolution 5: Investing Wisely: Make this the year you finally start investing. If you're not on this path yet, investing is an important part of building a healthy financial future. For those a little intimidated by the world of investing, don't feel like you have to figure it all out on your own. There are many resources and professionals available to help you determine important investing factors like risk tolerance, projected retirement dates, investment sectors and more. If you're interested in getting started with investing in 2025, check out triangle's financial planning services for retirement and estate planning services, as well as insurance and social security planning. Visit trianglecu.org to get in touch with one of our financial professionals or to learn more.    If there are any other tips or topics, you'd like us to cover, let us know at tcupodcast@trianglecu.org.  Like and follow our Making Money Personal FB and IG page and look for our sponsor, Triangle Credit Union on social media to share your thoughts.   Thanks for listening to today's Money Tip Tuesday and check out our other tips and episodes on the Making Money Personal podcast.   Have a great day and a happy new year! 

As 2024 comes to a close, real estate investors everywhere are asking: How can I plan strategically for 2025 to optimize my portfolio and build lasting wealth? In this episode of The Real Wealth Show, host Kathy Fettke sits down with Certified Financial Planner (CFP) and seasoned real estate investor Kyle Mast to tackle this critical question. Together, they explore the importance of financial planning for real estate investors, when and why you might need a CFP, and key strategies for tax efficiency, portfolio diversification, and long-term wealth building. Learn how Kyle reached financial freedom by age 37 and how he continues to thrive with a balanced investment approach. Don't miss this opportunity to prepare for the year ahead and gain exclusive advice on building real wealth through strategic real estate investing (00:00) Financial Planning for Real Estate Investors in 2025 (01:28) Kyle Mast Origin Story (05:30) Kyle's First Property (07:33) Real Estate and Portfolio Diversification (13:11) When do I need a CFP? (20:12) Financial Planning Services (24:00) 2024 Savings? OUR GUESThttps://www.kylemast.com/https://www.linkedin.com/in/kyle-mast-71983416/https://twitter.com/whoiskylemasthttps://www.instagram.com/whoiskylemast/ REGISTER FOR THE PASSIVE WEALTH EXPO JANUARY 18, 2025 https://realwealth.com/passive-wealth-expo-how-to-thrive-in-25/ FOLLOW OUR PODCASTS The Real Wealth Show: Real Estate Investing Podcast https://tinyurl.com/RWSsubscribe Real Estate News: Real Estate Investing Podcast: https://tinyurl.com/RENsubscribe DISCLAIMER The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.RealWealthShow.com

Aquiles Larrea returns to Awakened Nation to talk about his new book Wise Up With Your Money! How does someone become a Millionaire? There are several paths: Start a business. Buy a Business. Win The Lottery. Inherit it. Or invest. Aquiles shares the investment strategies he's used over he past 30 years to help his clients achieve financial independence. Strategies he learned in the martial arts. You might recognize Aquiles from "Mornings with Maria" with anchor Maria Bartiromo, Coast to Coast," with Neil Cavuto, Telemundo, Univision and many more. Aquiles and Brad have known each other for over a decade, and Mr. Larrea has appeared on Awakened Nation in Season 1. ABOUT AQUILES LARREA: As founder and CEO of Larrea Wealth Management, Aquiles Larrea Jr. acts as the personal CFO to successful Latino executives and entrepreneurs, helping them pursue the passion- and purpose-filled lives they envision—on their own terms. Aquiles' passion for helping successful Latino professionals and their families make smart financial decisions stems from his own entrepreneurial background and from witnessing his mother's challenges after she was laid off due to downsizing in the garment industry. For the last 20 years, Aquiles has helped clients transform their professional and personal lives. In 2002, he started Larrea Wealth Management with one key mission: To help successful Latinos and their families achieve financial freedom by providing them with a comprehensive wealth management experience delivered by a highly skilled team of experts. Aquiles put himself through college and earned a Bachelor of Science degree from St. John's University. A lifelong student of the martial arts, he holds a Third-Degree black-belt in Shotokan Karate and was a member of the U.S. World Cup Karate Team. Aquiles lives in Manhattan with his wife, Rosabelle, and their two children, Aquiles and Alexandria. Registered Principal, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. http://www.finra.org/ Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Financial Planning Services offered through Larrea Wealth Management, a Registered Investment Advisor. Cambridge and Larrea Wealth Management are not affiliated. Host of Awakened Nation: Brad Szollose --- Support this podcast: https://podcasters.spotify.com/pod/show/awakenednation/support

In this episode, Pat is joined by Ben Neilson from Complete Wealth. They discuss Ben's research into how the use of tech, in particular Platformplus, can be used to streamline data collection in the financial planning process, saving time but also improving data accuracy. Ben Neilson LinkedIn: https://www.linkedin.com/in/ben-neilson-54883055/ Complete Wealth Website: https://completewealth.com.au/ Platformplus Website: https://platformplusams.com.au/ Revising Data Collection Methodology - Evidence from the Australian Financial Sector: https://www.sciencedirect.com/science/article/pii/S2405918824000163 Artificial Intelligence Authoring Financial Recommendations - Comparative Australian Evidence: https://academic.oup.com/jfr/article/9/2/249/7163206 Patrick Gardner LinkedIn: https://www.linkedin.com/in/csba-patrick-gardner/ A world of engagement awaits you at Netwealth: https://ensombl.com/go/20240531 Join the Ensombl platform: App Store: http://www.ensombl.com/apple Google Play: http://www.ensombl.com/google Desktop: https://www.ensombl.com/ General Disclaimer – https://www.ensombl.com/disclaimer/

Welcome back to Passive Income Pilots! In this episode we delve into essential tax strategies tailored specifically for pilots. With the expertise of Toby Mathis from Anderson Advisors, we explore five key ways you can reduce your tax liability effectively. Toby brings his depth of tax knowledge directly to our pilot audience, discussing everything from maximizing deductions to strategic asset management. Additionally, we'll cover an intriguing opportunity for pilots interested in aircraft ownership—how purchasing an airplane can not only serve personal and professional needs but also offer significant tax advantages. If you're looking to navigate the complexities of taxes with ease and make informed decisions that could save you thousands, this episode is your must-listen guide.Timestamped Show Notes:(00:00) - Introduction to the episode with hosts Tait and Ryan.(01:29) - Introduction of the guest, Toby Mathis, and discussion on tax and legal workshops.(04:02) - Explanation of tax brackets and progressive tax systems.(05:13) - Discussion on aircraft ownership, benefits, and deductions related to taxes.(10:24) - Detailed analysis of leasing aircraft and tax implications.(17:15) - Strategies for pilots to utilize aircraft ownership for tax advantages.(23:46) - Overview of various tax reduction strategies and charitable giving.(28:36) - Introduction to tax and legal workshops offered by Toby's firm.(32:02) - Five top tax tips for pilots including HSA benefits.(44:58) - Discussion on solo 401k benefits and other tax-deferred accounts.(53:15) - Conclusion and thanks to guest Toby Mathis.Resources Mentioned:Tax & Asset Protection WorkshopDallas Conference June 27-29Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

If you're struggling to make sense of retirement saving in Northbrook or another part of Chicago, the team of senior financial advisors at Goldstone Financial Group (630-620-9300) can help. Go to https://goldstonefinancialgroup.com/ for more information. Goldstone Financial Group City: Oakbrook Terrace Address: 18W140 Butterfield Road Website https://goldstonefinancialgroup.com/ Phone +1-630-620-9300 Email contactus@goldstonefinancialgroup.com

Pastor Levi Matteson continues in our sermon series Simple, Wise, or Fool with the habits we need to manage money wisely. This podcast episode is a Sunday message from Evangel Community Church, Houghton, Michigan, February 12, 2023.

Is your construction business trying to find a way to cut down taxes? Call Golden Tax Relief at 844-229-8936 for access to certified tax planners who can help you legally reduce those tax bills by a significant amount now! More details are available at https://www.goldentaxrelief.com Golden Tax Relief 100 South York Street Suite 214, Elmhurst, Illinois 60126, United States Website https://goldentaxrelief.com/ Email prc.pressagency@gmail.com

You are probably familiar with paying income taxes and capital gains taxes, but do you know your social security could be taxed too? Depending on your income, including tax-exempt interest from your investments, up to 85% of your social security could be added to your taxable income.  Hosts:Josh Jerele, CFP® | Wealth AdvisorAs a Wealth Advisor, Josh is passionate about simplifying the financial world for his clients and connecting their unique goals and values with a personalized solution. Josh supports clients by leveraging his knowledge and experience to create solutions for tax-friendly retirement distributions, estate planning, charitable giving, and legacy concerns. He is committed to helping educate clients with specific tools they need to ensure their family values are reflected in their finances. Born and raised in Columbus, OH, Josh holds a bachelor's degree in finance from Taylor University in Indiana. Josh worked as a Portfolio Advisor in Fort Wayne, IN, before joining UBS Private Wealth in Denver, CO. From there, he joined an RIA as a Wealth Advisor, where Josh continued to build on his extensive experience working with business owners, executives, and ultra-high-net-worth families. He now incorporates those past experiences to advise clients here at Summit Wealth Group. Josh cares deeply about his clients and in building meaningful relationships with them. He strives to understand their passions, goals, and concerns to assist them in connecting those to their finances. Nicole Davis | Director of Financial Planning ServicesNicole joined Summit Wealth Group in September of 2010 as a Para-Planner, assisting Daniel Cook with caring for his clients' financial needs. She is now the Director of Financial Planning Services, with over 17 years of experience in the financial industry. Nicole holds the FINRA Series 7 registration through Commonwealth Financial Network and is licensed to assist with life and health insurance, as well as with annuity products. Her passion is to help others reach their goals through comprehensive financial planning.Summit Wealth Group | Facebook | LinkedIn | YouTube | Twitter (719) 633-4033 | 13710 Struthers Road, Suite 115, Colorado Springs, CO 80921 Securities and Advisory Services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network.

Can't keep up with bookkeeping and changing IRS regulations? This Arlington-Texas accounting firm, Hinckley Cook PC, can help you stay on top of your finances. Call +1-817-265-1040 to book a consultation or go to https://hinckleycpa.com (https://hinckleycpa.com) for more details.

We have 3 tips on how to handle the stress when it comes to being a part of the sandwich generation.  Hosts: Nathan M. Archuleta, CFP®, AIF® is passionate about serving individuals, families, and business owners and feels called to lead clients towards achieving long-term financial fitness and contentment.Nathan is a graduate of the University of Colorado at Boulder where he earned a Bachelor's degree in Economics and he has also obtained a Master's Certificate from the College for Financial Planning. Nathan's background and understanding of Economics, along with a comprehensive approach to financial planning helps connect the developments in the world around us with concerns clients may have about their investments and life goals. This insight helps to maintain perspective around long-term goals and the importance of creating a plan and sticking to the strategy.Nathan is a CERTIFIED FINANCIAL PLANNER™ professional, an Accredited Investment Fiduciary®, and is an Investment Advisor Representative of Commonwealth Financial Network. Nathan is also licensed in life, health, and long-term care insurance. Nathan serves on the board of directors for the Never Alone Foundation, a local non-profit organization supporting families seeking international adoption. Nicole Davis | Director of Financial Planning Services Nicole joined Summit Wealth Group in September of 2010 as a Para-Planner, assisting Daniel Cook with caring for his clients' financial needs. She is now the Director of Financial Planning Services, with over 17 years of experience in the financial industry. Nicole holds the FINRA Series 7 registration through Commonwealth Financial Network and is licensed to assist with life and health insurance, as well as with annuity products. Her passion is to help others reach their goals through comprehensive financial planning.  Summit Wealth Group | Facebook | LinkedIn | YouTube | Twitter (719) 633-4033 | 13710 Struthers Road, Suite 115, Colorado Springs, CO 80921 Securities and Advisory Services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network.

Do you have a clear understanding of how the invasion of Ukraine is affecting the markets and the economy? Will the markets rebound, and gas prices go back to previous prices once the war is over? Even more importantly what does this geopolitical event mean for you and your investments?   Hosts:  Anu Gaggar, CFA®, FRM® Anu Gaggar is a Senior Research Analyst in Investment Management and Research at Commonwealth. With the firm since 2013, she is responsible for evaluating and selecting managers, as well as sharing research, for international and emerging markets asset classes. She earned an MS in finance from Boston College and an MBA in finance from NMIMS in Mumbai. A CFA®, charter holder, Anu also has the Financial Risk Management® (FRM®) designation and the FINRA Series 7 securities registration.  Nicole Davis | Director of Financial Planning ServicesNicole joined Summit Wealth Group in September of 2010 as a Para-Planner, assisting Daniel Cook with caring for his clients' financial needs. She is now the Director of Financial Planning Services, with over 17 years of experience in the financial industry. Nicole holds the FINRA Series 7 registration through Commonwealth Financial Network and is licensed to assist with life and health insurance, as well as with annuity products. Her passion is to help others reach their goals through comprehensive financial planning. Summit Wealth Group | Facebook | LinkedIn | YouTube | Twitter (719) 633-4033 | 13710 Struthers Road, Suite 115, Colorado Springs, CO 80921 Securities and Advisory Services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network.

How much risk am I taking in my investment portfolio? How do I properly diversify my investments? How do I reduce my risk? These are common questions amongst investors.  In fact, many may not even know how much risk they are taking.   Taking on unintended risk is easy to do when the market is doing well. Hosts: David Lee, CFP®, CIMA® | Vice President  Prior to joining Summit Wealth Group in July of 2015, David owned and operated David Lee Financial, a wealth management practice that he began in 1985.David received his bachelor's degree from Florida State University. After professional studies through the College for Financial Planning in Denver, Colorado, he obtained the CERTIFIED FINANCIAL PLANNER TM certification. David later added the Certified Investment Management Analyst SM designation, administered by the Investment Management Consultants Association SM taught in conjunction with The Wharton School, University of Pennsylvania. He is a Registered Representative and Investment Advisor Representative of Commonwealth Financial Network® (a registered broker/dealer, member FINRA/SIPC). David holds the FINRA Series 7 and 63 securities registrations and also life, health, and long-term care insurance licenses. Nicole Davis | Director of Financial Planning ServicesNicole joined Summit Wealth Group in September of 2010 as a Para-Planner, assisting Daniel Cook with caring for his clients' financial needs. She is now the Director of Financial Planning Services, with over 17 years of experience in the financial industry. Nicole holds the FINRA Series 7 registration through Commonwealth Financial Network and is licensed to assist with life and health insurance, as well as with annuity products. Her passion is to help others reach their goals through comprehensive financial planning. Summit Wealth Group | Facebook | LinkedIn | YouTube | Twitter (719) 633-4033 | 13710 Struthers Road, Suite 115, Colorado Springs, CO 80921 Securities and Advisory Services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network.

Confusion…. Fear….. Anxiety… I am sure you can recall early in the pandemic; all news was bad, and uncertainty was extraordinary. These emotions just scratch the surface of what you may have felt. Did you let your emotions overpower your rational thinking? Did the pandemic teach you anything about investing? If not, this episode will. Peter Essele and Nicole Davis compare the Covid-19 pandemic to others in the past and discuss 3 things that will help you leave your emotions out of investing. Hosts: Peter Essele, CFA®, CAIA, CFP®Peter Essele is the vice president of investment management and research at Commonwealth. With the firm since 2004, he oversees asset allocation, fund selection, and overall management of the firm's platform, Preferred Portfolio Services® (PPS) Select. Peter earned a BS in economics from Union College. In Addition to numerous FINRA securities registrations, Peter holds the CAIA and CFP® certifications. He also is a CFA® charter holder and member of the Boston Securities Society.  Nicole Davis | Director of Financial Planning ServicesNicole joined Summit Wealth Group in September of 2010 as a Para-Planner, assisting Daniel Cook with caring for his clients' financial needs. She is now the Director of Financial Planning Services, with over 17 years of experience in the financial industry. Nicole holds the FINRA Series 7 registration through Commonwealth Financial Network and is licensed to assist with life and health insurance, as well as with annuity products. Her passion is to help others reach their goals through comprehensive financial planning. Summit Wealth Group | Facebook | LinkedIn | YouTube | Twitter (719) 633-4033 | 13710 Struthers Road, Suite 115, Colorado Springs, CO 80921 Securities and Advisory Services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network.

Jamie Cochran shares personal stories of when life flipped his world upside down. Hosts: Jamie Cochran, CERTIFIED FINANCIAL PLANNER TM, and Financial Advisor, Nicole Davis, Director of Financial Planning Services, and Stephanie Brinkman, Marketing Administrator. Summit Wealth Group | Facebook | LinkedIn | YouTube | Twitter(719) 633-4033 | 13710 Struthers Road, Suite 115, Colorado Springs, CO 80921 Securities and Advisory Services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network.

Do you dream about having a yard big enough for your dog(s) to run around? Hosts Jamie Cochran, CERTIFIED FINANCIAL PLANNER TM and Financial Advisor, Nicole Davis, Director of Financial Planning Services, and Stephanie Brinkman, Marketing Administrator talk about what you need to consider before you can make the “American dream” possible. Website | Facebook | LinkedIn | Twitter | YouTube (719) 633-4033 | 13710 Struthers Road, Suite 115, Colorado Springs, CO 80921 Securities and Advisory Services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network.

Do you have financial goals that you aim for?  Great! If you don't know what your goals are. That's ok too, this goal-setting episode will help provide some clarity on where to start.   Hosts Jamie Cochran, CERTIFIED FINANCIAL PLANNER TM and Financial Advisor, Nicole Davis, Director of Financial Planning Services, and Stephanie Brinkman, Marketing Administrator bring a variety of perspectives to the discussion. Summit Wealth Group | Facebook | LinkedIn | YouTube | Twitter (719) 633-4033 | 13710 Struthers Road, Suite 115, Colorado Springs, CO 80921 Securities and Advisory Services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network.

Don't let getting (or trying to get) organized lead to more procrastination.  Listen to hear how you on how you can get started with even the smallest step.Hosts Jamie Cochran, CERTIFIED FINANCIAL PLANNER TM and Financial Advisor, Nicole Davis, Director of Financial Planning Services, and Stephanie Brinkman, Marketing Administrator explain the importance of being finically organized. Summit Wealth Group | Facebook | LinkedIn | YouTube | Twitter (719) 633-4033 | 13710 Struthers Road, Suite 115, Colorado Springs, CO 80921 Securities and Advisory Services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network.

Welcome to the Reach Your Summit Podcast.  We understand what it's like to have an idea of what you want your life to look like, but lack the clarity on how to get there. This is why we have been recognized by Forbes Magazine for providing Best-In-State financial planning services, we've helped countless people successfully find clarity and fulfillment in their financial journey. Each Tuesday a new personal finance topic will be discussed to provide you with the clarity you are looking for on your financial journey. Join hosts Jamie Cochran, CERTIFIED FINANCIAL PLANNERTM and Financial Advisor, Nicole Davis, Director of Financial Planning Services, and Stephanie Brinkman, Marketing Administrator as they bring a variety of perspectives to the discussion.  If you lack guidance on your financial future, or simply want to learn more about personal finance, join us as we help you navigate the path to a better, more secure future.       Summit Wealth Group | Facebook | LinkedIn | YouTube | Twitter(719) 633-4033 | 13710 Struthers Road, Suite 115, Colorado Springs, CO 80921Securities and Advisory Services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network.

Welcome to 2022! It's a new year, and many financial investors are reviewing the past year in order to gauge what the new year might look like economically. While no one has a crystal ball, and the COVID-19 pandemic has thrown some financial curveballs, there are some key factors that investors and financial planners are looking at to navigate the coming months. Investment advisors Jeff Lewis and Marc Livernois share some of their insights with you during today's podcast from Epic Trust Financial Group LLC. Questions about your investments or taxes? Send an email to Marc@epictrust.com using PODCAST in the subject line to ask your questions for Jeff, Nathan, and Marc to address in a future episode. Disclaimer: To the extent this podcast discusses any companies, products, or services which Epic currently maintains research coverage on, as well as important disclosures can be obtained by contacting: Compliance Department Epic Trust Financial Group, LLC 1305 Fowler St. Suite 1D Richland, WA, 99352, USA Investments & Financial Planning Services are offered through Epic Trust Investment Advisors, LLC – a Registered Investment Advisor. Investments should be considered within your overall plan, risk tolerance, and financial needs. Participation involves risk – including the potential loss of principal. Tax advice and accounting services are provided by Epic Tax Solutions, LLC. Insurance product are offered by Epic Insurance Solutions LLC and guarantees are subject to the claims-paying ability to the issuing company and are not guarantees offered by Epic Trust Financial Group, LLC or its affiliated companies. Epic Trust Financial Group, LLC is NOT a chartered bank, trust company, or depository institution. Speakers who are not identified as members of Epic Trust are expressing their own opinion, and their statements should not be construed as reflecting the views of Epic. Third party speakers and the host are not subject to FINRA regulation regarding conflicts and disclosure and the listener should be aware that they may have a financial interest in or other conflicts of interest with any companies discussed. Any opinions expressed herein are statements of Epic's judgment on this date and are subject to change without notice. This recording is the copyrighted property of Epic Trust. No part of this recording may be reproduced or used without written permission.

If you've been watching the stock market over the past several weeks, you may have noticed that things are bit all over the place. How much of the recent volatility is due to concerns about a new coronavirus variant, or is this a normal fluctuation for this time of the year? Could stimulus payments be impacting consumer prices and inflation? Jeff Lewis and Marc Livernois offer some insights into the causes of the recent volatility and whether large and small cap stocks are expected to be profitable in the fourth quarter of 2021. Questions about your investments or taxes? Send an email to Marc@epictrust.com using PODCAST in the subject line to ask your questions for Jeff, Nathan, and Marc to address in a future episode. Disclaimer: To the extent this podcast discusses any companies, products, or services which Epic currently maintains research coverage on, as well as important disclosures can be obtained by contacting: Compliance Department Epic Trust Financial Group, LLC 1305 Fowler St. Suite 1D Richland, WA, 99352, USA Investments & Financial Planning Services are offered through Epic Trust Investment Advisors, LLC – a Registered Investment Advisor. Investments should be considered within your overall plan, risk tolerance, and financial needs. Participation involves risk – including the potential loss of principal. Tax advice and accounting services are provided by Epic Tax Solutions, LLC. Insurance product are offered by Epic Insurance Solutions LLC and guarantees are subject to the claims-paying ability to the issuing company and are not guarantees offered by Epic Trust Financial Group, LLC or its affiliated companies. Epic Trust Financial Group, LLC is NOT a chartered bank, trust company, or depository institution. Speakers who are not identified as members of Epic Trust are expressing their own opinion, and their statements should not be construed as reflecting the views of Epic. Third party speakers and the host are not subject to FINRA regulation regarding conflicts and disclosure and the listener should be aware that they may have a financial interest in or other conflicts of interest with any companies discussed. Any opinions expressed herein are statements of Epic's judgment on this date and are subject to change without notice. This recording is the copyrighted property of Epic Trust. No part of this recording may be reproduced or used without written permission.

As a small business owner, you may wonder if there's any chance that you'll be able to transition into retirement. You can! You just need an exit strategy. Tax advisor Nathan Burt and investment advisors Jeff Lewis and Marc Livernois talk about some of the things you need to consider. Questions about your investments or taxes? Send an email to Marc@epictrust.com using PODCAST in the subject line to ask your questions for Jeff, Nathan, and Marc to address in a future episode. Disclaimer: To the extent this podcast discusses any companies, products, or services which Epic currently maintains research coverage on, as well as important disclosures can be obtained by contacting: Compliance Department Epic Trust Financial Group, LLC 1305 Fowler St. Suite 1D Richland, WA, 99352, USA Investments & Financial Planning Services are offered through Epic Trust Investment Advisors, LLC – a Registered Investment Advisor. Investments should be considered within your overall plan, risk tolerance, and financial needs. Participation involves risk – including the potential loss of principal. Tax advice and accounting services are provided by Epic Tax Solutions, LLC. Insurance product are offered by Epic Insurance Solutions LLC and guarantees are subject to the claims-paying ability to the issuing company and are not guarantees offered by Epic Trust Financial Group, LLC or its affiliated companies. Epic Trust Financial Group, LLC is NOT a chartered bank, trust company, or depository institution. Speakers who are not identified as members of Epic Trust are expressing their own opinion, and their statements should not be construed as reflecting the views of Epic. Third party speakers and the host are not subject to FINRA regulation regarding conflicts and disclosure and the listener should be aware that they may have a financial interest in or other conflicts of interest with any companies discussed. Any opinions expressed herein are statements of Epic's judgment on this date and are subject to change without notice. This recording is the copyrighted property of Epic Trust. No part of this recording may be reproduced or used without written permission.

Did you know that Social Security is considered income, and you'll have to pay applicable income taxes? Taxes can have a big impact on your retirement income, and Jeff Lewis and Mark Livernois bring tax expert Nathan Burt into the conversation for this episode. Questions about your investments or taxes? Send an email to Marc@epictrust.com using PODCAST in the subject line to ask your questions for Jeff and Marc (and Nathan) to address in a future episode. Disclaimer: To the extent this podcast discusses any companies, products, or services which Epic currently maintains research coverage on, as well as important disclosures can be obtained by contacting: Compliance Department Epic Trust Financial Group, LLC 1305 Fowler St. Suite 1D Richland, WA, 99352, USA Investments & Financial Planning Services are offered through Epic Trust Investment Advisors, LLC – a Registered Investment Advisor. Investments should be considered within your overall plan, risk tolerance, and financial needs. Participation involves risk – including the potential loss of principal. Tax advice and accounting services are provided by Epic Tax Solutions, LLC. Insurance product are offered by Epic Insurance Solutions LLC and guarantees are subject to the claims-paying ability to the issuing company and are not guarantees offered by Epic Trust Financial Group, LLC or its affiliated companies. Epic Trust Financial Group, LLC is NOT a chartered bank, trust company, or depository institution. Speakers who are not identified as members of Epic Trust are expressing their own opinion, and their statements should not be construed as reflecting the views of Epic. Third party speakers and the host are not subject to FINRA regulation regarding conflicts and disclosure and the listener should be aware that they may have a financial interest in or other conflicts of interest with any companies discussed. Any opinions expressed herein are statements of Epic's judgment on this date and are subject to change without notice. This recording is the copyrighted property of Epic Trust. No part of this recording may be reproduced or used without written permission.

What are market-linked notes, and how can they improve your earnings potential? Jeff Lewis and Marc Livernois discuss this strategy that they have been putting to work for some of their clients. Jeff and Marc want to hear from YOU! Send an email to Marc@epictrust.com using PODCAST in the subject line to ask your questions for Jeff and Marc to address in a future episode. Disclaimer: To the extent this podcast discusses any companies, products, or services which Epic currently maintains research coverage on, as well as important disclosures can be obtained by contacting: Compliance Department Epic Trust Financial Group, LLC 1305 Fowler St. Suite 1D Richland, WA, 99352, USA Investments & Financial Planning Services are offered through Epic Trust Investment Advisors, LLC – a Registered Investment Advisor. Investments should be considered within your overall plan, risk tolerance, and financial needs. Participation involves risk – including the potential loss of principal. Tax advice and accounting services are provided by Epic Tax Solutions, LLC. Insurance product are offered by Epic Insurance Solutions LLC and guarantees are subject to the claims-paying ability to the issuing company and are not guarantees offered by Epic Trust Financial Group, LLC or its affiliated companies. Epic Trust Financial Group, LLC is NOT a chartered bank, trust company, or depository institution. Speakers who are not identified as members of Epic Trust are expressing their own opinion, and their statements should not be construed as reflecting the views of Epic. Third party speakers and the host are not subject to FINRA regulation regarding conflicts and disclosure and the listener should be aware that they may have a financial interest in or other conflicts of interest with any companies discussed. Any opinions expressed herein are statements of Epic's judgment on this date and are subject to change without notice. This recording is the copyrighted property of Epic Trust. No part of this recording may be reproduced or used without written permission.

Were you a little (or a lot) concerned about some losses in the stock market last month? Jeff and Marc take a look at what happened is some of the major investment sectors and compare 2021 numbers to September 2020 to find some patterns. Is the market experiencing a correction? Are there different types of corrections? Tune into the podcast to find out! Jeff and Marc want to hear from YOU! Send an email to Marc@epictrust.com using PODCAST in the subject line to ask your questions for Jeff and Marc to address in a future episode. Disclaimer: To the extent this podcast discusses any companies, products, or services which Epic currently maintains research coverage on, as well as important disclosures can be obtained by contacting: Compliance Department Epic Trust Financial Group, LLC 1305 Fowler St. Suite 1D Richland, WA, 99352, USA Investments & Financial Planning Services are offered through Epic Trust Investment Advisors, LLC – a Registered Investment Advisor. Investments should be considered within your overall plan, risk tolerance, and financial needs. Participation involves risk – including the potential loss of principal. Tax advice and accounting services are provided by Epic Tax Solutions, LLC. Insurance product are offered by Epic Insurance Solutions LLC and guarantees are subject to the claims-paying ability to the issuing company and are not guarantees offered by Epic Trust Financial Group, LLC or its affiliated companies. Epic Trust Financial Group, LLC is NOT a chartered bank, trust company, or depository institution. Speakers who are not identified as members of Epic Trust are expressing their own opinion, and their statements should not be construed as reflecting the views of Epic. Third party speakers and the host are not subject to FINRA regulation regarding conflicts and disclosure and the listener should be aware that they may have a financial interest in or other conflicts of interest with any companies discussed. Any opinions expressed herein are statements of Epic's judgment on this date and are subject to change without notice. This recording is the copyrighted property of Epic Trust. No part of this recording may be reproduced or used without written permission.

Oregon-based Dutch Bros. recently went public and a surge of Kicker fans helped to push up the initial stock price. Is the purchase based on potential growth or an emotional connection to the drive-thru coffee chain? What are the benefits and pitfalls when it comes to purchasing an IPO? Epic Trust financial advisors Jeff Lewis and Marc Livernois explain why companies go public, and what you should consider before jumping on board. Jeff and Marc want to hear from YOU! Send an email to Marc@epictrust.com using PODCAST in the subject line to ask your questions for Jeff and Marc to address in a future episode. Disclaimer: To the extent this podcast discusses any companies, products, or services which Epic currently maintains research coverage on, as well as important disclosures can be obtained by contacting: Compliance Department Epic Trust Financial Group, LLC 1305 Fowler St. Suite 1D Richland, WA, 99352, USA Investments & Financial Planning Services are offered through Epic Trust Investment Advisors, LLC – a Registered Investment Advisor. Investments should be considered within your overall plan, risk tolerance, and financial needs. Participation involves risk – including the potential loss of principal. Tax advice and accounting services are provided by Epic Tax Solutions, LLC. Insurance product are offered by Epic Insurance Solutions LLC and guarantees are subject to the claims-paying ability to the issuing company and are not guarantees offered by Epic Trust Financial Group, LLC or its affiliated companies. Epic Trust Financial Group, LLC is NOT a chartered bank, trust company, or depository institution. Speakers who are not identified as members of Epic Trust are expressing their own opinion, and their statements should not be construed as reflecting the views of Epic. Third party speakers and the host are not subject to FINRA regulation regarding conflicts and disclosure and the listener should be aware that they may have a financial interest in or other conflicts of interest with any companies discussed. Any opinions expressed herein are statements of Epic's judgment on this date and are subject to change without notice. This recording is the copyrighted property of Epic Trust. No part of this recording may be reproduced or used without written permission.

Tony Stich, COO of NaviPlan by InvestCloud sat down with Aaron Hasler and Mike Langford to explore how RIAs and independent financial advisors can dramatically increase the value of their business by adding financial planning services. The value increase is magnified in M&A situations where the RIA or advisor has acquired another business that had yet to offer financial planning services to clients. As Tony Stich explains, financial planning is one of the last bastions of revenue security for financial advisors. It also allows advisors to discover new assets and new opportunities to serve their clients.

What is shadow indexing, and can it strengthen or weaken your long-term investment portfolio? Epic Trust Financial, LLC, Financial Advisors Jeff Lewis and Marc Livernois discuss explain shadow indexing, and offer some things to consider if you've thought about including shadow indexing in your investment strategy. They'll also take a look at some of the stocks and business sectors that they think could provide investment dividends heading into the fourth quarter of 2021. Jeff and Marc want to hear from YOU! Send an email to Marc@epictrust.com using PODCAST in the subject line to ask your questions for Jeff and Marc to address in a future episode. Disclaimer: To the extent this podcast discusses any companies, products, or services which Epic currently maintains research coverage on, as well as important disclosures can be obtained by contacting: Compliance Department Epic Trust Financial Group, LLC 1305 Fowler St. Suite 1D Richland, WA, 99352, USA Investments & Financial Planning Services are offered through Epic Trust Investment Advisors, LLC – a Registered Investment Advisor. Investments should be considered within your overall plan, risk tolerance, and financial needs. Participation involves risk – including the potential loss of principal. Tax advice and accounting services are provided by Epic Tax Solutions, LLC. Insurance product are offered by Epic Insurance Solutions LLC and guarantees are subject to the claims-paying ability to the issuing company and are not guarantees offered by Epic Trust Financial Group, LLC or its affiliated companies. Epic Trust Financial Group, LLC is NOT a chartered bank, trust company, or depository institution. Speakers who are not identified as members of Epic Trust are expressing their own opinion, and their statements should not be construed as reflecting the views of Epic. Third party speakers and the host are not subject to FINRA regulation regarding conflicts and disclosure and the listener should be aware that they may have a financial interest in or other conflicts of interest with any companies discussed. Any opinions expressed herein are statements of Epic's judgment on this date and are subject to change without notice. This recording is the copyrighted property of Epic Trust. No part of this recording may be reproduced or used without written permission.

In this new episode from Epic Trust Financial, LLC, Financial Advisors Jeff Lewis and Marc Livernois talk about whether news headlines are enough to prompt changes in your investments. Jeff and Marc hear from clients clients who get concerned when they see news headlines about companies or commodities they're invested in, but are today's headlines a good indicator of the future for long-term investments? So, what IS happening in the markets right now, and what do Jeff and Marc expect markets to do heading into the end of 2021? They'll break that down for you as well. Jeff and Marc want to hear from YOU! Send an email to Marc@epictrust.com using PODCAST in the subject line to ask your questions for Jeff and Marc to address in a future episode. . Disclaimer: To the extent this podcast discusses any companies, products, or services which Epic currently maintains research coverage on, as well as important disclosures can be obtained by contacting: Compliance Department Epic Trust Financial Group, LLC 1305 Fowler St. Suite 1D Richland, WA, 99352, USA Investments & Financial Planning Services are offered through Epic Trust Investment Advisors, LLC – a Registered Investment Advisor. Investments should be considered within your overall plan, risk tolerance, and financial needs. Participation involves risk – including the potential loss of principal. Tax advice and accounting services are provided by Epic Tax Solutions, LLC. Insurance product are offered by Epic Insurance Solutions LLC and guarantees are subject to the claims-paying ability to the issuing company and are not guarantees offered by Epic Trust Financial Group, LLC or its affiliated companies. Epic Trust Financial Group, LLC is NOT a chartered bank, trust company, or depository institution. Speakers who are not identified as members of Epic Trust are expressing their own opinion, and their statements should not be construed as reflecting the views of Epic. Third party speakers and the host are not subject to FINRA regulation regarding conflicts and disclosure and the listener should be aware that they may have a financial interest in or other conflicts of interest with any companies discussed. Any opinions expressed herein are statements of Epic's judgment on this date and are subject to change without notice. This recording is the copyrighted property of Epic Trust. No part of this recording may be reproduced or used without written permission.

In this inaugural podcast from Epic Trust Financial, LLC, Financial Advisors Jeff Lewis and Marc Livernois discuss current trends in the economy, including transitory inflation, minimum wage, and the global supply chain. If you focus on what you hear in the news, you might be surprised to learn just how many positive conditions are present in the current economic landscape. Jeff and Marc want to hear from YOU! Send an email to Marc@epictrust.com using PODCAST in the subject line to ask your questions for Jeff and Marc to address in a future episode. Disclaimer: To the extent this podcast discusses any companies, products, or services which Epic currently maintains research coverage on, as well as important disclosures can be obtained by contacting: Compliance Department Epic Trust Financial Group, LLC 1305 Fowler St. Suite 1D Richland, WA, 99352, USA Investments & Financial Planning Services are offered through Epic Trust Investment Advisors, LLC – a Registered Investment Advisor. Investments should be considered within your overall plan, risk tolerance, and financial needs. Participation involves risk – including the potential loss of principal. Tax advice and accounting services are provided by Epic Tax Solutions, LLC. Insurance product are offered by Epic Insurance Solutions LLC and guarantees are subject to the claims-paying ability to the issuing company and are not guarantees offered by Epic Trust Financial Group, LLC or its affiliated companies. Epic Trust Financial Group, LLC is NOT a chartered bank, trust company, or depository institution. Speakers who are not identified as members of Epic Trust are expressing their own opinion, and their statements should not be construed as reflecting the views of Epic. Third party speakers and the host are not subject to FINRA regulation regarding conflicts and disclosure and the listener should be aware that they may have a financial interest in or other conflicts of interest with any companies discussed. Any opinions expressed herein are statements of Epic's judgment on this date and are subject to change without notice. This recording is the copyrighted property of Epic Trust. No part of this recording may be reproduced or used without written permission.

The recent pandemic has put increased focus on long term security, and the market cycle experts at HighPath Advisors provide Redwood City, Daly City and South San Francisco investors with a range of concierge-style financial planning services. Go to https://www.highpathadvisors.com (https://www.highpathadvisors.com) for more information!

On this episode of the Growing Your Firm Podcast, Shane Mason gives us a look into launching services, working with a co-founder, remote work, service pricing, and shifting to a growth mindset.  His 100% YoY growth since 2014 is enough to prove his credentials.  Listen to the full podcast here: jetpackworkflow.com/blog/shane-mason-financial-planning #GrowingYourFirmPodcast

Tim Bickmore is the co-founder and director of financial planning for LBW Wealth Management, an independent RIA that oversees more than $50 million in assets under management for 230 client households. Today Tim joins the show to discuss how the firm grew so quickly and why they are concerned that what helped grow their firm initially may not work for future growth. Listen in as we discuss the evolution of Tim’s advisory firm, including why they shifted to a blended model with a base monthly subscription fee and how they are ensuring profitability for new clients. You will learn LBW’s financial planning process for younger clients, the increasingly cash-flow based approach they have taken, and more. For show notes and more visit: https://www.kitces.com/162    

For our first brand new podcast of 2020 we sit down with new entrepreneurs Dan and Natalie Slagle. This married couple created Fyooz Financial Planning Services, a fee-only financial planning business specifically for couples in their late twenties through early forties. On today’s episode we chat about how the couple met while at school in Saint Paul, their journey to Portland, Oregon, and their decision to start their business right here in Rochester. Tune in for an inspiring show to kick off 2020. Music Attribution: Jane Fonda by The Grand Affair is licensed through the YouTube Audio Library. Links from today’s podcast: Fyooz Financial Planning Services Website: https://fyoozfinancial.com/ Facebook: @fyoozfp Instagram: @fyoozfp Today’s podcast is sponsored by: Alsbrook Accounting Website: https://www.alsbrookaccounting.com/ Facebook: https://www.facebook.com/Alsbrook-Accounting-PC-188399485212470/ Twitter: @AlsbrookAccntg

Guests: Susan Tillery, CPA/PFS & Dave Stolz, CPA/PFS Whether you’re a new or veteran listener, we want you to feel at home with the AICPA PFP Division. Our purpose is to serve you, our community of CPA financial planners. In this episode, Susan Tillery, CPA/PFS and Chair of the PFP Executive Committee along with Dave Stolz, CPA/PFS and Chair of the PFS Credential Committee share what they are most looking forward to in 2020 from the PFP Division and what that means for you. Access the related resources from this podcast: Tax and Financial Planning Services hub Broadridge Advisor PFP Learning Library 4 free CPE webcasts per year (to be announced) Resources by topic area (estate, retirement, investments, risk management/insurance, tax planning, and practice management) Technical and practice management guides PFP News and Financial Planning Digest Advanced PFP Conference at ENGAGE and Building a Tax and Financial Planning Advisory Business Workshop PFP Summit PFS credential program PFP certificate program University program and outreach The episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

Guest: Jimmy J. Williams, CPA/PFS The support, encouragement, and direction delivered through life coaching is an area where CPA financial planners can add tremendous value for clients by integrating it with the financial planning process. In this podcast, Jimmy J. Williams, CPA/PFS will share his life plan solution and answer the questions: Why you should include a process that helps your clients see the bigger picture than just the numbers? What is the life plan solution? How can you implement it in your client engagements? What are the actionable steps you can take now to get the conversation and planning process started with your clients?   Access the related resources from this podcast: AICPA’s Tax and Financial Planning Services hub Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. Jimmy William’s Live a Life by Design website & podcast The episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device from your web browser or favorite podcast app.

In our second episode of “Kitces & Carl”, Michael Kitces and financial advisor communication guru Carl Richards sit down to discuss the question of establishing a price for your financial planning services, why many advisors feel such anxiety over setting (and sticking to) their pricing model, the ways in which advisors can communicate their value to prospects and clients to justify their price, and why, many times, problems around pricing are really the result of our own inward confidence problems.

Guests: Ted Sarenski, CPA/PFS & panelists: Chris DeBlanc and Scott Sprinkle Category: Practice management In this episode, CPA financial planners share how they approach new client meetings and how to offer planning services to tax clients and answer the questions: How does taking a humanistic approach to tax planning benefit your clients? How do you approach a tax compliance client to transition them into planning services? What are simple actions to take now? Access the related resources from this podcast: AICPA’s Planning & Tax Advisory Services hub Roadmap to Planning & Tax Advisory Services Analysis of a tax return for financial planning opportunities Workshop: Building a Tax and Financial Planning Advisory Business (preceding the Advanced PFP Conference at AICPA ENGAGE) Don’t miss the other episodes in this Building a Tax & Financial Planning Advisory Business series! Step 1: Why should I offer tax & financial planning advisory services? Step 2: How do I get started? Step 3: What are the appropriate fees to charge? Step 4: How do I approach new client meetings & offer financial planning services to current tax clients? Step 5: What is the best way to create deep relationships with clients? Step 6: How do I decide between serving as the primary point of contact or as a hyperspecialist? Step 7: How do I structure staffing and work with other advisers? Step 8: What do I need to know if I decide to offer investment advisory services? Step 9: How do I maximize use of technology? Step 10: What are the simple actions I can take now? The episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic! And leave us a review so we can continue bringing valuable and relevant content to you.

Guest(s): Jim Sullivan, CPA/PFS Category: Technical In this podcast, Jim Sullivan, CPA/PFS, discusses elder planning strategies and answers these questions: Why should you offer elder planning services to your clients? How has elder planning practice changed over the last decade? How can you help your clients navigate the complexities of elder planning? You can continue your learning on this topic by attending this webcast taking place next week (eligible for discounted CPE).  Also, stay tuned for the upcoming release of a new guide on this topic which will be part of The Adviser’s Guide to Retirement and Elder Planning series.  Stay in the loop with all PFP podcasts by subscribing to our channel on iTunes or Pod-o-Matic.

On This Episode You'll Discover: - How to figure out the type of financial person you are working with and if its the best for you or not. - The 3 levels of financial professionals and which level is right for you. - What the difference is between a TRANSACTIONAL Advisor and a HOLISTIC Advisor. Resources In Today's Episode: - Schedule Your Complimentary On The Money 5-Step Retirement Review by calling 1.800.245.0546 - Check out our website: Group 10 Financial/ - Follow us on Facebook - Follow us on Twitter Disclaimer

Garland & Chris Mahan whose company, Mahan & Associates, LLC;  in Nashville that have been serving the Healthcare Community for Collectively over 50 years. They specialize exclusively in the Dental and Medical market space have a dynamic and complementary service model where all things are coordinated for the most optimal financial and practice development outcomes possible. Their company, provides distinguished service lines that are essential to all Practice Businesses. They provide Financials & Write Up Services, Tax Strategy and Tax Services, Practice Management Services, Payroll & HR Services, Pension and Retirement Planning Service and Financial Planning Services. With coordinating all these separate but necessary disciplines, they are able to offer a competitive advantage to their clients by integrating all business services and objectives to work in a competitive manner. Today we will be discussing one the core disciplines that affects all of us and that is Taxes and what initiatives and strategies need to be considered to save tax dollars!   www.mahanassociates.com

Today’s guest is the CEO of Graham Strategy, a marketing consulting firm that helps financial advisors craft relevant marketing messages to reach their target clientele. Gail Graham has had a fascinating career spanning a wide range of advisory businesses, and she has held a similar marketing role as she moved from the private wealth division of PNC Bank to Fidelity’s Private Client Group, and later to her position as Chief Marketing Officer for United Capital. The experience she has gained over the years means she truly understands what it takes to successfully market an intangible like financial planning services. In this episode, we talk in depth about how to more effectively communicate financial planning and its value, as well as why financial advisors need to get clear about who their ideal client is. We also discuss why it’s absolutely essential to focus in order to find the right marketing messages that really resonate and Gail’s process for finding and refining your own value proposition. For show notes and more visit https://www.kitces.com/48

Want to be an industry leader in the internet age? Aaron Shapiro, Founder and CEO of Huge, explains how their user-first philosophy and edgy corporate culture are transforming preeminent brands by re-imagining the digital customer experience. Then, 4-time Olympian and Founder of Worth Winning, Lauryn Williams, offers practical financial planning advice. Closing out the episode, CreativeLive Founder and CEO, Chase Jarvis, discusses the advantages of pursuing a higher education. [00:00:00] Evolving Your Business in a Digital Economy [00:04:59] Discover the Scrappy Origin Story of Huge [00:11:30] Adopting a Customer-First Philosophy [00:18:21] Financial Planning Services for Millennials [00:27:40] Jump into Business, Bring a Parachute [00:33:22] Find Your Passion through Experimentation

http://wright.edu/news When Jillian Milano trains with her professional tennis coach, it sounds different than the other players there. Her pink tennis shoes squeak louder and when the tennis ball makes contact with her racquet it sounds like an explosion. "We knew at a young age she had a special talent," said Greg Milano, Jillian’s father. Greg should know. He was on the Wright State tennis team in the early 1980s and graduated with a degree in communication. "They would’ve been happy for me no matter where I went, but I think they were happy I chose Wright State," said Jillian. Jillian will graduate from Carroll High School this spring and follow in her parent’s footsteps. She will attend Wright State this fall and is undecided on her major, but like her father she will play tennis for the Raiders. "We feel very confident that Jillian will be very successful at Wright State," said Fran Milano, Jillian's mother. Fran, who is the owner of Frances Milano & Associates, a financial advisory practice of Ameriprise Financial Services, is confident that her daughter will receive a quality education. Milano received a graduate Bachelor of Science in Financial Planning Services and has hired several graduates from the same program. "Being a student at Wright state has really helped support that whole idea of we want to reach out and help people," said Fran. Wright State isn’t the only team that the Milanos cheer for. Jillian’s older sister Carli is a sophomore tennis player at Wittenberg University. “If they ever play each other no rooting is allowed. We will be happy for both of them,” said Greg. The Wright State tennis team will host the Wittenberg Tigers on April 9. More at wright.edu

How To “Productize” Your Financial Planning Services Welcome to The Fee Based Financial Planning Mastery Podcast™! In this episode of Fee Based Financial Planning Mastery™, I’m going to talk about how to “productize” your financial planning services so that you can stop giving your advice away for free.  Properly articulating your value is a critical […]