Wealth Is In The Details Podcast

It’s important to build your financial plan around more than just your needs — to consider your wants as well.  In this episode of Wealth is in the Details Podcast, Peter Raskin speaks with guest Jacqui Lewis, president and managing director of Audley Travel North America. Jacqui gives you special insight into the travel expertise she shares with clients and emphasizes the value of a well-planned...

Are friends and media your main sources of financial information?  Today, Peter Raskin answers his clients’ top questions with a special focus on Social Security benefits. This is an informative conversation that will help you gain clarity that media (and even friends) can’t offer when it comes to getting expert financial advice.  In this episode, you will learn: How social media and mainstream me...

It’s an age-old question: to Roth or not to Roth? Deciding whether to use a Roth IRA for your retirement savings can be a tricky decision. In this episode of Wealth Is in the Details Podcast, Peter Raskin explains the parameters of the Roth IRA and helps you to decide whether it’s right for you. In this episode, you will learn: The difference between the traditional and Roth IRA How a Roth IRA can...

Biases are a part of everyday life. Financial assumptions can be harmful to your financial goals…but not always! In this episode, Peter Raskin explains how assumptions can impact your long-term financial goals, both positively and negatively.  In this episode, you will learn: Why you need to be cautious when making assumptions about finances How small nuanced changes can help set you up for...

In today’s world, more and more people are investing in a target date fund (TDF) when saving for retirement.  In this episode, Peter Raskin discusses why target date funds are so popular and then helps you to consider whether this investment approach is right for you.  In this episode, you will learn: How risk and rate of return fluctuate on TDFs throughout your life Why it’s important to understa...

Planning your own funeral may seem morbid, but in reality, it is the final thoughtful gift you can leave for your loved ones.  In this episode, Peter Raskin sits down with licensed funeral director Carl Goldman to discuss why you should plan for your funeral and what steps are involved.  In this episode, you will learn: About the major financial advantage to prepaying for your funeral The four ste...

No one likes to spend a lot of time thinking about bad things that might happen. However, in the economic reality in which we live, it is critical and prudent to be prepared.  In this episode, Peter Raskin sits down with guest Bob Mansfield, an expert in property and liability insurance at HUB International, to hear his insights on how to protect property and financial assets.  In this episode, yo...

How will you handle the transition from using your employer’s health insurance plan to individual insurance once you retire? This is a shift that many people find overwhelming. This episode is all about giving you the support and answers you need to prepare for that transition. Peter Raskin is joined by health care insurance specialist Camille Barron to discuss your options and clear up your conce...

Many things in life are outside of our control. However, planning for those uncontrollable events places you back in the driver’s seat. In this episode of Wealth Is in the Details Podcast, Peter Raskin discusses contingency planning and how what we plan for is something we can control. In this episode, you will learn: Why it is so important to discuss mortality with your financial advisor, no matt...

Think of your retirement as a three-legged stool: Social Security is the first leg, your employer-sponsored plan and IRAs are the second leg, and the third leg is your non-retirement investments and savings. In this episode of the Wealth Is in the Details Podcast, Peter Raskin focuses on the first leg, Social Security, and how it fits into your personal investment plan. In this episode, you will l...

Health savings accounts (HSAs) are becoming increasingly popular as more employers make them available to their employees. However, with a new savings option comes more to learn. In this episode of Wealth Is in the Details Podcast, Peter Raskin explains the ins and outs of HSAs and how to use them to your benefit. In this episode, you will learn: The difference between HSAs and flexible spending a...

Life is unpredictable, and trying to prepare for everything makes it difficult to be fully prepared for anything . In this episode of Wealth Is in the Details Podcast, Peter Raskin gives you direction as he pinpoints the five biggest retirement risks and how to prepare for them. In this episode you will learn: The five biggest risks to retirement How inflation impacts purchasing power and how that...

Thanks to technology, humans are living longer than ever before, and it is important to consider that when planning for retirement. On that note, Peter Raskin explains the importance of contingency planning in retirement with a special focus on healthcare costs. In this episode, you will learn: How to insure your long-term care costs in order to save you money should you require in-home or institu...

When planning for retirement, most people think about the fun things they’ll do or the real estate they plan on buying. However, very few people plan for the worst — they typically don’t think about potential illness or other ailments — and their finances reflect that. In this episode of Wealth Is in the Details Podcast, Peter Raskin discusses contingency planning for retirement, specifically long...

When it comes down to it, knowing where your money is going is essential for creating wealth. In this episode of Wealth is in the Details Podcast, Peter explains why he strongly recommends that his clients focus on the controllable spending in everyday life. In this episode, you will learn: Why knowing how much you spend on a daily basis is a critical step towards building wealth About the importa...

Is giving to charity one of your financial goals? If so, you’ll be happy to discover the many benefits that your donations can bring—not only to the receiver but to you and your family! In today’s episode, Peter Raskin shares his expertise in charitable giving and how it can be a win-win-win for all involved. In this episode, you will learn: How you can make charitable contributions from your IRA...

Did you stop for coffee and breakfast this morning, and do you plan on grabbing a sandwich at a café for lunch? Have you considered how eating out every day could be taking a bite of your wallet? In this episode, Peter Raskin explains how the small decisions we make can be consequential— and why financial decision making isn’t always rational. In this episode, you will learn: How confirmation bias...

A mini-series about year-round tax planning wouldn’t be complete without discussing investment tax management. In part four, Peter Raskin discusses his investment tax management recommendations, including the advantages of capital gains and dividend tax rates. Then he dives into the ins and outs of stepped-up basis and gifting strategies. In this episode, you will learn: How to take advantage of g...

In part three of his series, Peter Raskin discusses how asset location can make a difference in your tax plan. Don’t miss this opportunity to learn which strategies Peter uses to help his clients reach their wealth goals. In this episode, you will learn: About a case study in which a couple withdrew money from a traditional IRA but still managed to minimize their tax liability How selling stocks a...

Wealth is a journey, and that journey lasts year-round. In part two of his tax planning mini-series, Peter Raskin dives deeper into the year-round planning process of tax planning, highlighting his point of view on taxes and why he thinks they’re important. In this episode, you’ll learn: How the political landscape will affect taxes in the future, and how to prepare for that What it means to defer...

When many Americans think about tax planning, they think of tax season – a short-term process which lasts a couple months at most. However, in this episode of the Wealth is in the Details podcast, Peter Raskin explains how tax planning is really a year-round process. In this episode, you’ll learn about: The difference between tax evasion and tax avoidance, as told by Supreme Court Justice Louis Br...

The initial analysis of a financial planning meeting is much like opening the hood of a car — you open it up to see what you’re working with, and you move forward from there. In this second part of his planning process mini-series, Peter explains the team-based approach used by Raskin Planning Group — an approach where clients work with each and every team member thanks to their unique specializat...

Financial planning is about making the most of your money and assets. However, it’s also about the relationship between clients and advisors. In part one of his two-part series on the Raskin Planning Group process, Peter Raskin explains his on-boarding procedures and the importance of building strong relationships with clients. In this episode, you’ll learn: The importance of a good match between...

Peter Raskin has served the Boston area as a financial advisor for over 30 years. He’s the lead financial planner at Raskin Planning Group, which he founded with the mission to help individuals and families with their comprehensive financial needs. In this inaugural episode of the Wealth is in the Details podcast, get to know more about Peter, who he is, and why he’s passionate about what he does....