The Truth About Wealth

Cost segregation in real estate has been a taboo subject for many investors.  However, there are several tax benefits to consider when implementing cost segregation within the properties you own. In this episode of The Truth About Wealth, Michael Parise sits down with Isaac Downing, r egional director at Capstan Tax Strategies. Isaac unpacks the ins and outs of cost segregation and its role within...

The pathway to sobriety from drugs and alcohol isn’t a linear one. There is potential to have many ups and downs.  And here’s where treatment facilities like the American Treatment Network help individuals get sober to become functioning members of society. In this release of The Truth About Wealth, John and Michael Parise welcome their returning guest, Matthew Sullivan, the co-founder and Chief E...

It’s no secret that drug abuse can have harmful consequences for addicts and their families. Hence, it’s crucial to take action and work alongside experts who know what steps to take. In this episode, John and Michael Parise sit down with the co-founder and Chief Executive Officer of the American Treatment Network, Matthew Sullivan. Together they unveil the effects of drug abuse and op...

Having access to tremendous wealth can’t help you control the uncontrollable. Whether it’s the COVID-19 pandemic or the stock market crash, there are things in life that we have no control over. However, you can change the way you think about problems out of your control.  This week, John and Michael Parise welcome their returning guest and learning specialist, Aprajita Anand. This time, Aprajita...

We’ve all heard the phrase “money can’t buy happiness.” The COVID-19 pandemic has made the relationship between money and happiness more daunting and adding social media to the mix only complicates the matter. In this episode of the Trust About Wealth, John and Michael Parise sit down with learning specialist Aprajita Anand. Known as the “ Teen Whisperer” to her clients, Aprajita unpacks the empow...

In business, owners retiring, passing away, or leaving are instances that happen more frequently than we may think. So, how to incorporate this information into a written agreement, especially when someone passes away? John and Michael Parise from Copper Beech Financial Group are here to answer this and more! This week, John and Michael unpack the importance of a buy-sell agreement. They detail wh...

The past two years have caused multiple stressors in the financial marketplace.  Inflation, oil prices, the uncertainty of the dollar, global issues, the war between Russia and Ukraine, and others have made decision-making around our financial future a more daunting task.   But don’t worry. John and Michael Parise from Copper Beech Financial Group are here to help you so that you help your clients...

The COVID-19 pandemic shifted the way industries have conducted business. Many companies shifted to a remote working model.    However, what happens when companies try to get employees that have been working remotely throughout the pandemic to come back into an office setting full time? In this episode, John and Michael Parise discuss the challenges that employers face post-COVID. They also provid...

So you’re looking to sell your business. Remember, you can’t spell succession without success. In this episode of The Truth About Wealth, John and Michael Parise cover all the options you have when selling your business. John and Michael detail how to determine the right time, the timelines you should follow, and the pros and cons you should consider when looking to sell a family business.  John a...

Do you know what to do when the markets are saturated? A good idea is to reallocate your assets to protect your investment portfolio. This week, John and Michael Parise go back to basics with a conversation on asset classes. They categorize them while explaining what to do with them, what to expect from them, and how to protect them. John and Michael discuss: How CDs work What are the pros and con...

Right now interest rates and inflation are higher than most of us have ever seen. The market is changing and in the next 18 to 24 month it will look different than the slow rise that we have been used to seeing in the past 12 years. In this episode of The Truth About Wealth, John and Michael are joined by Christian Hyldahl, a financial professional at Varium Investments who has been in the financi...

If you are set to have an estate tax, how might that tax get paid? Can we get that tax to zero?  In this episode, John and Michael discuss their approach to estate taxes. In their approach, taxes are voluntary and planning is essential to ensure your loved ones have a plan and the means to pay for estate taxes when the time comes.  John and Michael discuss: The best and worst ways to pay your esta...

In today’s market, many investors and clients are coming off of a decade of strong stock market wins and are now wondering, what’s next? With inflation concerns running rampant, many people are starting to look at the real estate asset class for answers. In this episode John and Michael Parise welcome back guests Steven Kantor and Michael Brown for part two of a two part series on real estate inve...

Real estate is an asset class that comes up in almost every single client meeting. And, while it is a must-have in any portfolio, real estate is a broad asset class that is changing and evolving generation by generation.  In this episode John and Michael Parise welcome guests Steven Kantor and Michael Brown for part one of a two part series where they discuss all things real estate. From how an in...

If you are a lover of high quality wines that don’t break the bank, this deep dive into the various wine regions of Spain is for you.  In this episode, John and Michael Parise welcome back guest Tim O’Rourke to discuss the different wine regions of Spain, the complex history that has shaped the Spanish wine industry, and how best to pair your favourite Spanish wine.  John and Michael discuss: The...

2021 was a year full of ups and downs. Will 2022 be the same?  In the latest episode, John and Michael Parise welcome back guest Paul Dietrich for part two of a two part series where we review the events of 2021, their impacts on the economy, and what 2022 may have in store.  John, Michael, and Paul discuss: The real inflation rate in 2021 and 2022 Why unemployment numbers appear static The key ev...

Have you been wondering what the rest of 2022 has in store for the stock market? Or how the pending Russian/Ukraine conflict, the Build Back Better Infrastructure Bill, or the ever-growing federal debt, might impact the market? In the latest episode, John and Michael Parise welcome back guest Paul Dietrich to  discuss how you can separate noise in the market from events that may have tangible impa...

When estate planning, one of the most difficult decisions is choosing the right trustee for your family. But it doesn’t have to be.  In this episode, John and Michael Parise speak with David Warren, J.D., co-founder, and chairman of Bridgeford Trust Company about the challenges of picking the right trustee and/or trust company, and highlights the things you can do to make a better decision for you...

Did you know that 87% of life insurance policies never pay a death claim? Are you aware of the options available to you within the settlement space? Life settlements are one of the lesser known planning tools available to those with life insurance policies that they wish to sell.  In this episode, John and Michael Parise speak with Aaron Giroux, co-founder and CEO of LifeRoc Capital, LLC about the...

Who is going to take care of you into your old age? Do you have your estate planning dealings worked out? In the first part of this two-parter miniseries, John and Michael introduced us to 10 concerns on the minds of their clients. In this episode, they continue the conversation focusing on long-term care planning, estate planning, taxes, and communication between generations. John and Michael dis...

Have you ever wondered what happens if you outlive your money? Is concern about inflation on your mind? Others in your situation are likely thinking about the same thing. In this multi-part series, John and Michael Parise cover 10 concerns on the minds of their clients. In this episode, John and Michael cover market volatility, jobs and education, inflation, and outliving your money. John shares h...

Precious metals like silver and gold can be seen as an investment, but they could also be viewed as a means for wealth preservation. In this episode, John and Michael Parise are once again joined by Andy Schectman, CEO of Miles Franklin Precious Metal Investments. Andy explains the opportunity of a generation that silver is, and how it is a pathway to gold. Plus, he shares his advice for people lo...

Precious metals are more of an obscure asset class, but there is huge value in owning these assets as part of your overall portfolio. In this episode, John and Michael Parise are joined by Andy Schectman, CEO of Miles Franklin Precious Metal Investments. Andy lays out a brief history of the gold and silver industry, and it’s current state as an asset class before diving into three major events tha...

There may be changes to estate planning rules in the near future. If you’re a family that looks for advanced planning, you should be preparing for these changes regardless of whether or not they come to pass. In part two of this two-part series, John and Michael Parise look at potential estate planning changes that could have a massive impact on advanced estate planning. They first look at the pot...

There are currently tax law proposals being discussed in Congress that if passed, could have a major impact on taxes. In this episode, John and Michael Parise discuss the most recent tax law proposal put forth by Congress, specifically covering income tax provisions. They emphasize that these are just provisional changes and that they may not come to pass. However, you should plan accordingly with...