roadmap to RETIREMENT

In this episode of ‘Roadmap to Retirement,’ Mashal is back for another Q&A. We discuss common tax planning mistakes, such as not planning for lump-sum distributions and the benefits of using Roth accounts for young professionals. The conversation also covers tax planning for inherited money, integrating charitable giving into estate planning, and practical advice for budgeting and tracking expenses. Additionally, we touch upon the pros and cons of employer-sponsored life insurance versus private term insurance and explain the different parts of Medicare and their cost implications. The session aims to enlighten listeners on managing their financial goals efficiently while being mindful of potential pitfalls.

In this episode of the Roadmaps Retirement Podcast, I am joined by Jamie Hopkins Esq., LLM, CFP®, ChFC®, CLU®, RICP®, Chief Executive Officer at Bryn Mawr Capital Management, LLC and Chief Wealth Officer at WSFS Bank  . Jamie shares his professional journey, highlighting his roles and multiple designations. He discusses the importance of financial education, recommending the CFP and RICP designations, and provides insights on the state of financial planning education. The conversation covers career advice for new advisors, emphasizing the need for sales skills and continued education. We also discuss the integration of tax planning, estate planning, and other services into the advisory role. Jamie highlights the importance of having an up-to-date estate plan for clients and provides broader insights into the evolving landscape of financial advice.

In this episode of the Roadmap to Retirement podcast, I am joined by Jon Sheldon to discuss the importance of authenticity in the financial advisory profession and the value of effective coaching. Key topics include overcoming self-consciousness, like concerns about tattoos, by embracing one’s true self, and the significance of genuine client relationships. I expand on the challenges and benefits of dressing casually versus formally and the impact of transparency with clients. The conversation transitions to the role of coaching versus consulting in business growth. Jon emphasizes the necessity of finding the right leadership and mentorship for young financial advisors, rather than merely focusing on firm reputation. Furthermore, we discuss the importance of accountability, discipline, and articulating one’s goals. The episode concludes with insights on navigating the financial planning profession and the critical role of authentic leadership in fostering success.

Thanks for listening, come back next week for an exciting new guest!

In this episode of the Roadmap to Retirement Podcast, I am joined by Yitzchak Eilenberg, a CPA specializing in tax strategy and planning. Yitzchak provides insightful financial advice aimed at small business owners, including the importance of tax avoidance (not evasion) and various methods to maximize tax savings. We discuss the intricacies of compensating children within businesses for tax benefits, the balance between paying off debt and saving for retirement, and altering retirement strategies as financial situations evolve. Emphasis is placed on managing emergency funds, strategic use of IRAs, and the benefits of HSAs. Moreover, Yitzchak and I explore long-term saving approaches, including Roth IRAs and solo 401ks, alongside advanced strategies like paying family members to conserve generational wealth and potential estate planning tools like charitable remainder trusts and reverse mortgages. The episode rounds off with a discussion on how keeping in touch with financial and tax advisors throughout the year can facilitate better financial outcomes, particularly in tax-heavy periods.

If you would like to reach out to Yitzchak Eilenberg, you can reach out at:

LinkedIn: linkedin.com/in/yeilenberg

Email: [email protected]

Website: eilenbergcpa.com/ 

In this episode of Roadmap to Retirement, I am joined by David Shaffer, Chair of the Family Wealth and Estate Planning Group at Woods Oviatt Gilman LLP. David shares his journey from aspiring sports writer to estate planning attorney. The discussion covers essential aspects of estate planning, including wills, powers of attorney, and healthcare proxies. David emphasizes that everyone, not just the wealthy, needs an estate plan. We explore scenarios involving young professionals, long-term care, Medicaid, and the importance of planning ahead. The conversation also highlights irrevocable trusts and considerations for those without obvious heirs, touching on charitable giving and executor roles. David mentions his firm’s upcoming podcast, ‘Into the Woods,’ which will delve deeper into related topics.

Thank you for listening and come back next week for another new episode!

In this episode of the Roadmap to Retirement podcast, I am joined by Matthew Jarvis to discuss strategies for efficient financial advisory, particularly focusing on surge meetings. Jarvis shares insights on time-blocking, balancing work and personal life, and the importance of intentionality in business practices. We also touch on the value of continuous learning and mentorship in the financial advisory field. The conversation highlights the significance of tracking performance metrics to achieve success and take meaningful time off. Additionally, Jarvis emphasizes the importance of seeking advice from experienced professionals. The discussion rounds off with their travel experiences, demonstrating a balance between professional commitments and personal fulfillment.

Come back next week for a new episode!

And with that, the 2024 season comes to an end and to celebrate, here is the top episodes of Roadmap to Retirement. Thank you to all the guests who have joined me and all the listeners for your support! 2025 has some fun guests lined up.

Top Episodes:

In this episode of ‘Roadmap to Retirement’, I am joined by Alex Wesdorf to discuss the often-overlooked topic of disability insurance. The conversation covers the importance of disability insurance as part of comprehensive financial planning, contrasting it with life insurance. Alex shares personal stories to highlight the necessity of disability insurance, debunks common myths, and explains the shortcomings of group policies provided by employers. The discussion also includes advice for young financial advisors on specializing in specific areas and the benefits of partnering with experienced mentors. Emphasis is placed on creating a robust financial plan and understanding existing insurance coverages.

Thanks for listening and make sure to come back next week for another episode!

On this episode of Roadmap to Retirement, I am joined by John Howe-Wemett, CFP®, MS for a second time! We talk about navigating a career in financial planning going all the way back to picking a major in college. You’ll hear about John’s journey into the field, taking a more unconventional approach. We cover keys advice for young and new financial advisors, emphasizing the importance of immersing oneself in industry vocabulary, seeking mentorship, and taking career risks early. We wanted to highlight the significance of finding the right firm and the value of joining professional networks like the Financial Planning Association (FPA). We hope to provide valuable guidance for those uncertain about their career path in financial planning and underscore the need for patience and risks.

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On this weeks episode, we’re taking a little turn in questions. This week, I am joined by Dave Pulcini, one of SixPoint’s very own to answer questions from the depths of Dave’s mind. From financial planning advice to dating advice to does being successful mean you’re happy? We are covering it ALL!

Key takeaways: