This week we’re going “IN FOCUS” where we explore more advanced wealth planning topics. Today we will discuss “Using Tax Insurance to Achieve Tax Certainty in Estate Planning and Wealth Management” featuring:

Daniel Berger, Esq., Senior Vice President, Head of Tax Insurance at Lockton Companies

Michael Saitta, Esq. Head of Tax Insurance for the Berkshire Hathaway Transactional Liability

Just By way of background, today’s episode will aim to cover four main areas: 1) Provide an overview of tax insurance to explain what it is and how it works. 2) Discuss how tax insurance is used in the wealth management and estate planning context. 3) Highlight recent developments in the tax insurance market. 4) Describe the process for obtaining tax insurance.

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 

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

1)     Why I’m proud to be an American Investor

2)     Benjamin Franklin on money

3)     Planning for a child with disabilities

4)     How to manage and invest a large lump sum of cash?

5)     Taking social security in Israel

6)     Who is an HSA account ideal for?

7)     Why own international stocks when the US historically has outperformed on average?

8)     What’s the best investment?

9)     Planning for same-sex female couple

10)  How do I catch the next hot invest to earn high returns?

11)  Should I move money out of my 401(k) to invest in high returning real estate opportunity?

12)  How do we solve the inequality problem in the United States?

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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This week we’re going “IN FOCUS” where we explore more advanced wealth planning topics. Today we will discuss “Ten Timeless Investing Principles and How They Apply in Today’s Market” featuring:

Jonathan I. Shenkman, AIF®, President, Shenkman Wealth Management

Just By way of background, a judicious investment strategy incorporates timeless investment principles, many of which have become clichés over the years. These investment truths not only help ensure that investors are on track to achieve their financial objectives, they also keep them out of trouble by attempting to avoid financial missteps. Given the challenges in today’s market and economy, now is a wonderful opportunity to revisit these principles, as many investors are searching for guidance during these tumultuous times.

***I want to say thank you to my listeners! This is my 10th episode and I read somewhere that 99% of all podcasts don’t make it to the 10th episode. So, thank you to my listeners for the overwhelming support and I hope to continue producing weekly personal finance content for my audience for the foreseeable future. Additionally, if you have a friend or colleague who would benefit from this podcast, please share it and rate the show. It will help others find the show, as well.***

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)     Laid Off Before You’re Ready To Retire? What To Do Now?

2)     Financial Planning Checklist For LGBTQ Families

3)     Will artificial intelligence allow investors to achieve outsized returns?

4)     What strategy will make me “ungodly rich?”

5)     Why invest in the market when money market yields so high?

6)     Using a 529 College Savings account abroad

7)     Having grandparents open 529 college savings account for FAFSA purposes

8)     Should I overweight international stocks given the country’s political challenges?

9)     Downside of UTMA accounts

10) Roth vs Traditional IRAs: When to use one over the other

11) Best way to save side hustle income

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.

This week we’re going “IN FOCUS” where we explore more advanced wealth planning topics. Today we will discuss "Private Foundations: The 5 deadly sins (or excises taxes)” featuring:

Andrew S. Katzenberg, Esq., LL.M., Partner, ArentFox Schiff

By way of background, a private foundation is a type of charitable organization that is typically established by a high-net-worth individual, family or corporation to support charitable activities.

Private foundations must be run properly otherwise they may face adverse taxes. There are 5 excise taxes unique to private foundations which could result in crippling taxes which would shutter any foundations doors. This webinar will cover the rules, their application, the exceptions to the rules and the penalties associated with them.

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)     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

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

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.