Reinvent Rich with Irvin Schorsch

In today's COVID-19 world health crisis, how do Pennsylvania Capital Management's 8 key principles help their clients succeed? Irvin and Mark Steinke dive into each principle addressing the steps PCM takes to partner with clients during life-changing events.

• Today’s coronavirus world health crisis - 0:25
• Eight key principles for financial success - 1:19
• Creating solutions for families - 2:15
• The fear of coronavirus - 2:28
• Recommendations to stop the spread of coronavirus - 3:09
• Clients’ concerns - 3:50
• PCM takes the clients’ concerns personally - 4:48
• Working from home - 5:43
• Is the media excessive presenting the number of cases? - 6:20

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The wealth management industry has evolved over the past 25 years. Handling a client's financial affairs is no longer just enough. Client's struggle on how to get the right advice to overcome the hurdles that they don't know how to face. Mark Steinke sits down with Irvin to discuss the robust professional network of corporate partners PCM has designed to bring value and solutions to their clients' lives. Stay tuned!

• What’s changed over the last 25 years - 0:36
• PCM's partners - 2:12
• Letting the clients define what they need - 2:43
• Helping clients to buy and sell business - 3:38
• Addressing the client's needs  - 4:02
• Trying the services first - 6:10
• Ensuring quality for the clients - 8:00

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Given all the turbulence the Coronavirus has caused to the stock market, there is a "light at the end of your financial tunnel." Irvin and Mark Steinke discuss the positive outcomes of this global event and how investors can use this opportunity to improve their financial well being. Stay tuned and enjoy!

• The Coronavirus situation - 0:27
• Coronavirus world impact - 1:22
• Lower rates - 2:41
• The impact of Coronavirus in your finances - 3:52
• Financial positives of the spread of Coronavirus - 5:11
• The mortgage rates are low today - 5:56
• Take advantage of the mortgage rates - 6:47
• Overcoming the fear - 7:17
• Buy when the opportunity arises - 7:52

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Given the recent volatility in the stock market, Chris and Andrew discuss why it's best to have a game plan and play the "long game" when it comes to investing. In addition, they cover some smart money techniques for investing in turbulent markets. Enjoy!

• What is happening in the markets? - 0:27
• The recovery market process - 2:19
• Selling and buying stocks - 5:33
• The volatility of the markets in the past weeks - 6:37
• Investing in the markets - 9:55
• Pieces of advices for people that buy and sell stocks in the market - 13:15
• Revisiting your asset allocation - 14:42
• Talking about mutual funds - 15:52
• A global pandemic happening - 17:43
• What to do when there are volatility moments - 18:39
• Individual stocks to fall in love with - 19:23

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Today is March 10th, 2020. What's going on in the markets? Irvin sits down with Mark Steinke to discuss how the coronavirus pandemic is affecting the markets and most importantly, the world around you.

• What is happening in the world? - 0:37
• The fear about coronavirus - 1:16
• How the coronavirus is impacting the market - 2:08
• How can you succeed with the spread of the coronavirus - 6:38
• Saudi Arabia and Russia oil war - 7:05
• How PCM can help families with this unpredictable situation - 8:08
• An opportunity to buy for less - 9:10

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Why would a company want to partner with Pennsylvania Capital Management? Mark Steinke and Irvin discuss the vast professional network of corporate partners that PCM has to offer their clients to create context and provide value. Enjoy!

• Services that PCM offers - 0:33
• Partnering with PCM - 0:51
• Developing a professional network - 2:07
• Why sign up with PCM - 2:31
• Listening between the lines to know what the clients need - 2:51
• Creating a context for clients - 3:24
• Categories of partners that fit with PCM - 4:39
• Potential partners for PCM - 7:05

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Business owners want more control over their lives and the ability to take back precious time to spend with their families. Mark Steinke sits down with Irvin to study how business owners can take this first step starting with investment management. Investing money has become a commodity. The true game-changer is the investment advice business owners are receiving to plan a "bigger future" for their families. Stay tuned and enjoy this episode!

• A question about business owners - 0:25
• PCM as a unique tool for clients - 1:18
• Providing satisfying results - 1:36
• What can business owners do? - 2:41
• Challenging business owners - 3:15
• Anticipating pitfalls in a company - 3:32
• Developing successful habits - 3:45
• At PCM, teaching business owners for financial success - 4:09

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With interest rates at historic all-time lows, Chris and Andrew delve into the reasons why refinancing your mortgage may be ideal given your personal financial situation. Be sure to stay tuned and enjoy this episode!

• Interests rates falling - 0:26
• Refinancing your mortgage - 0:36
• Happy Super Tuesday! - 1:05
• Why to refinance your mortgage - 3:39
• Playing with your mortgage payment - 5:05
• Justify why do you want to refinance your mortgage? -  8:13
• Low rates and refinancing - 10:15
• Reach out to your tax advisor - 10:47
• Be aware of your emergency fund - 12:53

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Chris and Andrew discuss the record number of 401K millionaires observed in Fidelity's 2019 retirement plan study as well as uncover the startling facts about the baby boomer generation being underfunded for retirement. They further talk about the steps needed to reverse this perilous situation that can help investors bolster their savings from retirement. Finally, Chris and Andrew take an in-depth look on "buying the dip" vs dollar-cost averaging into the stock market. Stay tuned and enjoy!

• An article about 401K millionaires - 0:33
• Retirement accounts with a million dollars in each one - 1:16
• Using the 401K plans - 3:33
• Good news - 4:36
• Working with clients to provide them comfort and confidence - 6:13
• The importance of saving more - 9:12
• It's a good opportunity to buy stocks - 11:42
• The value of anticipating your pitfalls - 16:15

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The increasing epidemic of Coronavirus is affecting the world in multiple ways. Chris, who is a new member of the PCM family and a financial planner, talks with Andrew about the financial matters related to the Coronavirus. Stay tuned!

• A new team member at the PCM family - 0:23
• Chris: a certified financial planner at PCM - 0:38
• What happened in the market this week? - 1:08
• The increasing epidemic in China and some statistics - 1:49
• The Coronavirus impacting the market - 2:32
• China is going to be affected economically - 3:27
• How the market is affected - 5:18
• Chin's market, imports, and exports - 6:51
• What's the Secure Act? - 9:30
• What are multiple employer plans? - 10:40
• Diving into the IRA - 15:10
• Looking inside a 401(K) - 20:16
• Explaining more of the Secure Act - 20:47
• Strategies that you could take into account for the future - 23:32

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