Money Wisdom

As life gets busy, it's not uncommon to lose track of old financial accounts, especially if you've switched jobs multiple times. When someone leaves an employer, that old 401k will stay where it is unless you do something with it and it's easy to forget about. But did you know that rediscovering this "found money" could significantly impact your financial future? In the latest episode of the Money...

All of the back and forth is finally over and the election results are in. Donald Trump will take office for a second term and it's already having a big impact on the market. The news is all over everyone's feeds and our clients are asking us what this means for them. We know the campaign trail is fraught with promises, empty or otherwise, on both sides. But will the reality be moving forward? How...

Building a solid income plan is a foundational piece of retirement planning and there are a variety of ways to create those income streams. One product that often comes up during meetings is the annuity because of its ability to produce guaranteed income to replace your paycheck, but is it a good choice for your portfolio? Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® join the Money Wisdom pod...

In a world where financial stability is paramount, many individuals are seeking ways to make their savings work harder without compromising on safety and liquidity. That's why we want to tackle today from someone trying to generate greater yield: how can I earn more interest on $120,000 sitting in a bank account while maintaining safety and liquidity? Jake Doser, CFP®, CPWA® and Nick Colantuono, C...

Retirement is a significant milestone in life, and preparing for it requires careful planning and strategic financial management. Knowing when to dial back the risk in your portfolio can help protect your portfolio and keep you on track in retirement. In the latest episode of the Money Wisdom podcast, financial planners Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® answer a question about when...

The one constant in financial planning is change, especially when it comes to tax laws. The government is always adjusting tax laws and they've recently made some changes to the rules around retirement accounts. For people that have been saving for retirement, it's important know how these changes will affect you and your family. In this episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA®...

Nearly everyone we talk to wants to know when is the ideal time to take Social Security, and that's a natural question because they've been paying into it for a very long time. Clients not only want to start getting that money out but want to do it in the most efficient way so they can maximize their benefit. Making the decision about when to start taking Social Security benefits is one of the mos...

Most of the content we focus on for the podcast is stuff that can benefit people anytime they listen, but this week we want to focus more on the present and the pressing financial topics that everyone is thinking about. To help you better understand what is worth paying attention over the next four to six months, Nicholas Colantuono, CFP® joined the Money Wisdom podcast to discuss current economic...

One of the benefits of working with an experienced financial advisor is being able to lean on their years of working with retirees to help you avoid the same mistakes that many other people have made. We shared five of the most common planning missteps on our latest episode of Money Wisdom with Nicholas J. Colantuono, CFP®.   Here's some of what we discuss in this episode: Why you can't ignore the...

Hopefully all business owners enjoy the day when they can cash out on their hard work and spend time however they choose. If you're fortunate enough to be in the position to sell your business for a nice lump sum, let's make sure that money turns into sustainable income for your retirement. In the latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® answers a question we received fr...

Most people are focused on their family when it comes to planning, and there are some primary issues that need to be addressed ahead of time. In the latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® joins the show to tackle critical issues head-on. This episode offers a wealth of knowledge on managing finances in challenging times and ensuring a secure financial future for your l...

It might seem a bit counterintuitive to hear reasons why you shouldn't be putting money into your 401k, but there are times when it makes more sense to allocate that money elsewhere. In our latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® will explore scenarios where a 401K might not be the optimal choice.   Here's some of what we discuss in this episode: Build up your emergency...

We've seen some turbulence in the market recently and that's a time when fear begins to drive some investor decisions. It's natural to let emotions creep in, but proper planning should help you maintain the right perspective on your investments. Even with the right planning, we'll still hear from some clients who have questions or concerns. In our latest episode of the Money Wisdom podcast, Jake D...

When you think about the bad habits that could negatively impact your finances, things like credit card debt and overspending your budget come to mind. Those are obvious ones, but we want to shine a spotlight on some of the most common financial bad habits that many people unknowingly practice. These habits, while seemingly minor, can have a significant impact on your financial health and future....

It's a gold medal edition of the podcast this week as we take a unique approach to financial planning by drawing parallels with the Summer Olympics. Nick Colantuono, CFP® joins the show to share insights that can help you navigate your financial journey with the precision and skill of an Olympic athlete.   Here's some of what we discuss in this episode: Why a plan has to be built to last for decad...

We've all had an idea that we acted on without giving it much thought. That's fine when you're choosing dinner or picking out new socks, but it's not the best approach to managing your finances. In the latest episode of the Money Wisdom podcast, Matt Pastor, RICP® tackles the topic of "half-baked" financial ideas. These are the types of decisions that might seem clever at first glance but can have...

Inherited IRAs can be a financial lifeline, but they come with their own set of complexities, especially with the rule changes introduced in 2020. If you've recently inherited an IRA or are planning for the future, understanding these changes and how to manage your inheritance effectively is crucial. In our latest episode of Money Wisdom, we sat down with Heath Grossman, CFP® to break down the ins...

It's human nature to want to play the comparison game to find out how you stack up, especially when it comes to your finances. All that really matters is that you're in good shape for the life that you want to create for yourself. But the comparison game is helpful for us to better understand our clients and their needs. In our latest episode of the Money Wisdom podcast, Heather Atkins, CFP® share...

Have you ever dreamed of spending your golden years in a country abroad? The idea is becoming increasingly popular, but it comes with its own set of challenges and considerations. Luckily, we have the one and only Eric Hogarth, CFP®, here with us today to talk about some of the practical steps you'll need to take to make this exciting idea a reality.   Here's some of what we discuss in this episod...

When people compare financial firms, they often focus on getting the best return on their investments. While that's certainly important, what they really need to be paying attention to is the big picture. While many firms focus only on investment management- handling stocks, bonds, and mutual funds- our approach extends to include insurance planning, investment strategy, legacy planning, and tax p...

Are you familiar with the term 'moving the goalposts'? It happens when people change or adjust their targets after they've already been established, which is something that happens all the time with finances. Many people set financial goals or deadlines, only to find themselves shifting those targets, often to their detriment. This episode of the Money Wisdom Podcast with Jake Doser, CFP®, CPWA® s...

Financial planning is intricate and filled with potential pitfalls and mistakes that can have long-lasting impacts on your future. In the latest episode of the Money Wisdom podcast, Matt Pastor, RICP® breaks down the most common ways people make financial mistakes and provides valuable insights on how to avoid them.   Here's some of what we discuss in this episode: People who don't seek out help w...

Life is full of unexpected twists and turns, and some of these can have a significant impact on our financial well-being. Whether it's changing jobs, going through a divorce, receiving an inheritance, or dealing with the death of a spouse, each of these major life events requires careful financial planning. Heath Grossman, CFP® joins the Money Wisdom podcast to explore the essential financial cons...

Losing a spouse is one of the most challenging experiences one can face. The emotional toll is immense, and the financial implications can be equally daunting. In our latest episode of Money Wisdom, Eric Hogarth, CFP® joins the show to offer insights and practical advice to help those navigating life after such a significant loss. The stark reality is women are statistically more likely to outlive...

When it comes to financial planning, there are a few documents that are absolutely critical for ensuring that your affairs are in order, especially in unforeseen circumstances. One such document, which often doesn't get the spotlight it deserves, is the power of attorney (POA). In the latest episode of Money Wisdom, Heather Atkins, CFP®, CRPC®,  discusses the importance of this legal instrument, p...