In this episode of the PFS Podcast, we discuss the dangers of investment schemes that promise "too good to be true" returns, referencing a recent Wall Street Journal article. The story highlights the devastating financial and emotional toll of a fraudulent investment scheme that wiped out millions in retirement funds. We explore the tax implications of rolling over 401(k) assets, the risks of non-deductible losses, and the emotional strain faced by victims. Mark Paller emphasizes the importance of performing due diligence and avoiding overly enticing investment offers. At Paller Financial, we prioritize fiduciary responsibility and aim to guide clients toward sound and balanced investment strategies.

In this episode, we explore the concept of success and the balance between living for today and planning for tomorrow. Mark Paller challenges traditional New Year’s resolutions, asking what truly leads to happiness, satisfaction, and success. We discuss diverse definitions of success—from financial security to enjoying life’s daily experiences—and emphasize the importance of thoughtful planning. With insights from a 1953 Harvard study, we highlight the power of setting clear, written goals to achieve lasting success. Join us as we help you define your version of success and create a plan that aligns with your goals.

In this episode, Mark Paller of Paller Financial Services breaks down strategic tax planning with insights into capital gains management for investors. Discover how a married couple filing jointly could leverage up to $122,000 in adjusted gross income without paying capital gains tax. Mark explains a savvy approach to selling and repurchasing investments to secure a stepped-up tax basis without triggering wash sale rules. He shares how the "Advisors Alpha" approach can help you optimize your portfolio and keep your investment gains tax-free. Tune in for actionable tax strategies to incorporate into your financial plan!

Join Mark Mogle as he interviews Mark Paller about his recent trip across the Western U.S. visiting clients. They discuss Paller’s fascinating travel observations, including the debut of personal battery-powered aircraft and the sighting of a self-driving Waymo taxi in Phoenix. Paller draws insights on the economy’s health from his experiences, noting vibrant activity in airports, restaurants, and shopping venues. He shares an optimistic outlook on innovation’s impact on the economy and the importance of maintaining a long-term perspective. Tune in for a unique, on-the-ground take on consumer trends and emerging tech.

In this episode, Paller Financial Services dives into the crucial role of cybersecurity in financial planning. Mark Paller highlights how hackers, phishing schemes, and AI-powered scams exploit personal information like emails and phone numbers to gain access to sensitive data. The episode explains practical steps for safeguarding personal data, including using password managers and two-factor authentication. Listeners are encouraged to verify sources before sharing information and follow safe online habits. Tune in to learn more about protecting yourself in a digital world—and remember, Paller Financial is here to help if you ever face a cyber threat.

In this episode of the PFS Podcast, we dive into the impact of artificial intelligence on our lives and the economy. Mark Paller shares a story about Shazam as a gateway to understanding how AI has evolved over the past two decades. From recognizing songs to transforming industries like finance, healthcare, and communication, AI continues to reshape our world. Mark emphasizes both the opportunities and potential challenges AI brings, urging listeners to stay informed and consider its role in their financial planning. Join us to explore why AI might be one of the most powerful forces shaping our future.

In this episode of the PFS Podcast, Mark Paller and Mark Mogle discuss the risks of sports betting and its similarities to day trading. They explain why many bettors and traders end up losing more than they gain, despite occasional wins. The allure of quick wins, driven by enticing ads and platforms like DraftKings, often leads to an unhealthy cycle fueled by the thrill of risk. They also highlight how big brokerages and sports betting platforms profit from these activities, sometimes at the expense of individual financial stability. Tune in as they share insights into managing these risks and making more mindful financial decisions.

In this episode, we explore how change—though often intimidating—presents opportunities for growth both in life and finances. Using recent shifts in college football as an example, Mark Mogle shares insights into how adaptability brings excitement and improvement, even amidst debate. At Paller Financial Services, we guide clients through the evolving landscape of financial planning, helping them to embrace change responsibly. Our "advisor's alpha" approach emphasizes the unique value that experienced advisors provide in building wealth and reaching life goals over the long term. Join us as we discuss how change can drive toward better outcomes and greater financial security.

In this episode of the PFS Podcast, we explore practical steps to becoming a millionaire through disciplined saving and investing in a 401(k) or similar retirement plan. Mark Mogle shares insights on how starting early, even with modest contributions, can leverage compound interest to build significant wealth over time. With examples showing the impact of consistent monthly savings, he highlights how employer matching can further accelerate your progress. While today’s market offers countless “get rich quick” schemes, Mark advocates for steady and reliable investing as a long-term wealth strategy. Join us to learn more about how disciplined saving today can secure your financial tomorrow.

In this episode, Mark Paller and Mark Mogle of Paller Financial Services break down Colorado’s Secure Savings Roth IRA program, which requires small businesses with five or more employees to offer a retirement plan. They explain how this law aims to increase retirement access, especially since 40% of Colorado private-sector employees previously lacked it. They discuss the benefits of 401(k) plans, emphasizing employer matching contributions and tax advantages for employees. Additionally, they cover why offering retirement plans can improve employee retention and attraction, benefiting business growth and workplace morale. For businesses needing assistance, they advise reaching out to Paller Financial for guidance on compliance and setup.