Don't Retire...Graduate!

Eric Brotman discusses different strategies to create a legacy that actually makes a difference in charitable planning, with CEO of Exponent Philanthropy, Henry Berman.

“Giving is thoughtful and highly personal…It comes down to your values, what are your passions, what is important to YOU.” EB

• Everyone has the opportunity to be involved in philanthropy, it’s not just something for the Bill Gates and Warren Buffett’s of the world. All of us have opportunities to give and support people.
• Giving doesn’t always have to be complex. However, if you’re someone who gives over $10,000 a year, it might be time to find a company such as Exponent Philanthropy to help guide you.
• There are big changes in the way wealthier people group their deductions.

ABOUT HENRY BERMAN

As CEO since 2010, and a member since 2003, Henry leads Exponent Philanthropy, a vibrant membership organization that amplifies and celebrates the vital work of philanthropists who give big while keeping their operations lean. As co-trustee of a private foundation committed to supporting programs which foster the development of children with the intellectual, social and emotional skills necessary to achieve their full potential and become competent, happy and productive adults, he brings a firsthand understanding of the needs of philanthropists with few or no staff and a wealth of experience in the nonprofit and for-profit sectors.

Neither Kestra IS nor Kestra AS provide legal or tax advice and are not Certified Public Accounting firms.**

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Eric Brotman discusses understanding the roles of yields and dividends in retirement income planning with best-selling author Marc Litchenfeld.

In this episode:

• The concept of retirement as graduating to the next stage of life
• “Rich” doesn’t always imply money but being able to live the life you want to live
• Marc’s 10,11,12 system (also covered in his book) this breaks down dividends, tax concepts, and long term investing

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Eric Brotman discusses how financial coaching can help you take control of your personal finances with financial coach Beau Humphreys.

In this Episode:

• Even if you're just getting started or you're struggling with crippling debt, take the first step towards financial independence.
• Understanding the difference between a personal finance coach and a financial advisor
• Interview with a personal finance coach with an incredible personal journey to share.

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Eric Brotman discusses how understanding the impact that the 2018 income tax changes has on your wealth is critical to reaching financial independence with attorney and the "funniest tax guy in America," Edward Lyon.

In this episode: 

• What experts should you work with to help with your taxes?
• What tax changes do most people need to be aware of?
• The tax changes that affect businesses.
• Planning is even more important now, people don’t get do-overs.
• SALT provisions from both sides of the political spectrum.
• Tax policies for different people and different states.
• The new policies provide so many opportunities for tax planning.

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Eric Brotman breaks down the pros and cons of reverse mortgage strategies in reaching and maintaining financial independence, with mortgage specialist Neil Sweren.

In this episode:

• Making sure one of your largest assets isn't "unemployed" when you retire.
• What is reverse mortgage?
• What are the restrictions and qualifications?
• Understanding the pros and cons of reverse mortgage strategies in reaching and maintaining financial independence.
• A way to finance purchases on new homes, make current situations work for you.
• Reverse mortgages don’t exist in a vacuum, they can be beneficial not only for the value but for the lifestyle.

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Eric Brotman discusses how to make better money decisions and why it is so important to ignore the financial media's "advice" with radio show host and financial advisor Kate Stalter.

In this episode: 

• The financial media is a product they are selling, not a public service.
• Advice from the media is one-size-fits-all, not personalized to you.
• Financial education is not taught in schools but is taught by advisors.
• When is comprehensive planning not for you?
• It is your job to follow your financial plan.
• Financial plans are living documents, not one and done.
• The dangers of DIY financial planning.

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In this episode, Eric talks with Yanni Neibuhr, a financial advisor for BFG, on how different generations view financial independence and how you should start thinking about retirement in your 20s and 30s. 

In this episode:
● Retirement is not something that should be started at 60, it should be started as soon as possible
● Millennials have a different mindset of what independence means and they want to be independent as soon as possible
-- The side hustle- Finding ways to make money outside of a 9-5 job in order to become independent 
● Entrepreneurship is growing- a lot of people are starting their own companies, particularly online. 
-- The Instagram generation: trying to create their own brands, social awareness
● The greatest generation- many of them had pensions, received social security and saving 10% would have been enough to comfortably retire. It is no longer that way
-- Now it is YoYo- You’re on your own
● Underemployment is high- people are getting working for less than their education prepared them for
● Program where companies match student loans instead of retirement, which is way more valuable for Millennials
● Extra credit: Advice is to start saving as early as possible. Remember that saving is a marathon not a sprint- the sooner you start training, the better off you will be. Don’t rush into anything- there are steps to it and everybody is unique.

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In this episode, Eric discusses how to establish and maintain financial freedom with best-selling personal finance author Damion Lupo.

In this episode:

• How failure helps you succeed
• Becoming financially free
• The importance of a financial runway and how to understand yours
• Financial advisors versus salespeople dichotomy

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In this episode, Eric discusses the Dos and Don’ts of downsizing in retirement with residential real estate agent Tina Beliveau.

In this episode:

• Tips for first-time homebuyers
• Why you should consult with a real estate agent before taking any next steps
• The dangers of PMI
• The differences between buying a first home and selling your home while buying a new one
• The additional costs of buying and selling a home
• Considerations when thinking about downsizing
• Maximizing the sale value of your home

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In this episode, Eric discusses when "doing it yourself" stops making sense and how to choose an advisor with his guest, Lena Nebel.

In this episode:

• Who needs a financial advisor and why
• Different types/specialties of financial planners
• How to find a financial planner
• Questions to ask when interviewing a financial advisor?
  • Does the advisor represent specific companies or products?
  • What gets done in-house as opposed to being outsourced?
  • How often would an advisor meet with you?
  • Who are the typical clients of the firm?
  • What are the costs of doing business?
  
  

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