In this week's episode we will discuss a variety of timely investing financial planning topics, including:

1)     The futile pursuit of perfection

2)     The “Kiddush Club Portfolio”

3)     Should I prioritize paying Yeshiva tuition bills over retirement savings?

4)     Definition of work life balance

5)     Quitting corporate job in tech to start a business.

6)     Secret to becoming wealthy.

7)     Should higher yields on money market accounts change the positioning of an investor’s portfolio?

8)     Is rebalancing one’s portfolio worth the unwanted tax implications?

9)     UTMA vs 529 accounts: Which one should I use for my kids?

10) Should I refinance my real estate investments to raise cash?

11) Municipal vs Federal money market account in a high tax state

Stay connected:

1) Signup for my monthly newsletter here: https://www.shenkmanwealth.com/newsletter

2) Questions? Comments? Reach out to [email protected]

3) My recent articles: https://www.shenkmanwealth.com/articles

4) My recent videos: https://www.shenkmanwealth.com/videos

5) Follow me on Instagram/Twitter/YouTube @ShenkmanOnMoney

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In this week's episode we are IN FOCUS discussing a more advanced wealth planning topic of “U.S. beneficiaries of Canadian estates: U.S. tax issues applicable to inheriting shares of Canadian corporations” featuring:

Beatriz Davila, M.Sc., CPA, Partner, MNP

Sergei Titorenko, LL.B, JD, LLM., Senior Manager, MNP

By way of background, this episode will cover the US taxation and tax reporting obligations applicable to US beneficiaries who inherit an interest in a Canadian corporation. While the US and Canada are neighbors, close allies, and very similar in many ways there are still a myriad of issues that arise when US beneficiaries inherit interest in Canadian corporations. This includes:

-      Canadian Tax on Death and Canadian Taxation of the Estate

-      Canadian and U.S. Income Tax Compliance Obligations which May Apply to the U.S. Beneficiary

-      Potential Canadian and U.S. Income Tax which May Apply to the U.S. Beneficiary on Certain Transactions within the Estate and/or Certain Distributions from the Estate

Staying connected:

1) Signup for my monthly newsletter here: https://www.shenkmanwealth.com/newsletter

2) Questions? Comments? Reach out to [email protected]

3) Follow me on Instagram/Twitter/YouTube @ShenkmanOnMoney 

Hosted on Acast. See acast.com/privacy for more information.

In this week's episode we will discuss a variety of timely investing financial planning topics, including:

1) Is it wrong to go on a lavish Passover program?

2) Do I have enough life insurance?

3) Impact of investment timeframe

4) ESG investing

5) Indexed Universal Life Insurance

6) What to do with a lousy 401(k)

7) Scared to get back into the market

8) Asset allocation in retirement

9) Financial planning for the “sandwich generation”

10) Not paying your financial advisor

11) Risks of structured notes

Stay connected:

1) Signup for my monthly newsletter here: https://www.shenkmanwealth.com/newsletter

2) Questions? Comments? Reach out to [email protected]

3) My recent articles: https://www.shenkmanwealth.com/articles

4) My recent videos: https://www.shenkmanwealth.com/videos

5) Follow me on Instagram/Twitter/YouTube @ShenkmanOnMoney 

Hosted on Acast. See acast.com/privacy for more information.

In this week's episode we are IN FOCUS discuss a more advanced wealth planning topic of "Coming to America: Pre-Immigration Tax and Estate Planning Considerations” featuring:

Michael Wildes,  Managing Partner, Wildes and Weinberg, P.C.

K. Eli Akhavan, Partner, Steptoe & Johnson LLP

Lawrence M. Lipoff, Director, CohnReznick LLP

By way of background, when someone moves to the US there are a whole host of legal, tax, estate planning, and financial planning challenges. Today we will cover, the legal issues and challenges to becoming a citizen and then discuss relevant financial, tax, and estate planning topics. Some areas we covered in this week’s show include: 1) The immigration process and the EB-5 program 2) Strategies to minimize the tax impact of becoming a US tax resident 3) How is a trust defined for United States tax purposes 4) Tax reporting requirements once I become a tax resident of the US 5) Potential changes with a pre-immigration trust if the immigrant becomes a United States resident alien within five years 6) Impact to a foreign trusts. 7) Implications when expatriating from the US And more.

Staying connected:

1) Signup for my monthly newsletter here: https://www.shenkmanwealth.com/newsletter

2) Questions? Comments? Reach out to [email protected]

3) Follow me on Instagram/Twitter/YouTube @ShenkmanOnMoney

Hosted on Acast. See acast.com/privacy for more information.

In this week's episode we will discuss a variety of timely investing financial planning topics, including:

1)    Does diversification work

2)    Will we retest the October lows

3)    Financial planning tips for new “influencers”

4)    Suggestions for overcoming inertia and moving cash you don’t need into the market

5)    How much should I spend on a bar mitzvah gift

6)    Gifted stock by a loved one who passed away. Overcoming nostalgia to make the right financial decision

7)    Working in chinuch and affording a frum lifestyle

8)    Should I borrow more money to build a pool in my backyard

9)    Concerns about the banking industry

10)  Where to park $250,000 for my retirement

Links to the articles mentioned in this week's episode:

1)    Shidduchim & Money: Should Finances Play A Role In Who My Child Decides To Date?

2)    Spring Cleaning Your Finances: A 10 Point Checklist   

Staying connected:

1) Signup for my monthly newsletter here: https://www.shenkmanwealth.com/newsletter

2) Questions? Comments? Reach out to [email protected]

3) Follow me on Instagram/Twitter/YouTube @ShenkmanOnMoney 

Hosted on Acast. See acast.com/privacy for more information.

In this week's episode we are IN FOCUS to discuss the advanced wealth planning topic of “State Tax Audits Preparing for the Inevitable” featuring Scott Brian Clark Esq., CPA, LLM., Chair - Multistate Tax Practice, Day Pitney LLP.

By way of background, COVID has changed the landscape with respect to tax issues, and State & Local taxes are no exception. This is particularly true for folks who work remotely for their employer. The question is if the employee has tax nexus in a particular state. Nexus is the requisite contact between a taxpayer and a state before the state has jurisdiction to tax the taxpayer.

For more detailed questions and to speak to Scott directly, you can reach him at: [email protected]

Staying connected:

1) Signup for my monthly newsletter here: https://www.shenkmanwealth.com/newsletter

2) Questions? Comments? Reach out to [email protected]

3) Follow me on Instagram/Twitter/YouTube @ShenkmanOnMoney

Hosted on Acast. See acast.com/privacy for more information.

In this week's episode we discuss a variety of timely investing financial planning topics, including:

1) Getting rid of a whole life policy

2) How much to spend on a chosson's watch

3) Hard money lending

4) Multi-Family Real Estate vs. 401(k)

5) Former President Trump's indictment and the impact on your portfolio

6) Gifting vs. Inheriting Assets

7) Maintaining a large cash position within your portfolio

8) Rolling an old 401(k) into an IRA

9) Investing a large sum of money

10) Investing in alternative investments

11) Affording a frum lifestyle

Links to the articles mentioned in this week's episode:

1) Should you park your portfolio in cash and wait out 2023? Experts debate the pros and cons

2) Should you take a 5% return by parking your portfolio in cash and waiting out 2023? Experts debate the pros and cons

3) I Bonds Lose Their Luster With Yield Set to Plunge Below 4%

4) The Four Sons And Striving For Investment Simplicity

5) We Need to Make it Easier for Retirees to Figure Out How to Invest—and Spend—Their Savings

6) Retirement Risks

7) Is My Money Safe In A Bank?

Staying connected:

1) Signup for my monthly newsletter here: https://www.shenkmanwealth.com/newsletter

2) Questions? Comments? Reach out to [email protected]

3) Follow me on Instagram/Twitter/YouTube @ShenkmanOnMoney

Hosted on Acast. See acast.com/privacy for more information.