The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.

Moderna's YES Plan offers its employees a unique opportunity to align their annual equity awards with their individual financial goals by choosing between stock options and restricted stock units (RSUs). The 2025 Equity Awards introduce a pivotal change, shortening the vesting schedule from four years to two, which expedites employees' access to equity value. Kris Flammang and Collin Habig, both deeply invested in financial advisory, underscore the importance of this plan as a cornerstone of Moderna employees' financial strategies. They stress the necessity of early decision-making, leveraging educational resources, and consulting with financial advisors to tailor equity awards to personal financial objectives, thus avoiding the pitfalls of hastily made choices. Both Flammang and Habig advocate for a balanced, informed approach, cautioning against the potential risks associated with stock options losing value, and highlighting the benefits of the enhanced flexibility provided by the YES Plan.

Here’s what to expect this episode:

• Moderna's YES Plan allows employees to customize their equity awards by choosing between stock options and RSUs to align with their financial goals.

• The 2025 Equity Awards by Moderna have been updated to shorten the vesting schedule from four to two years, providing employees quicker access to the value of their equity awards.

• Moderna offers resources such as a stock options versus RSUs calculator and educational sessions to help employees make informed decisions about their equity selections.

Connect with Collin Habig

https://www.linkedin.com/in/collinhabig/

Connect with Kris Flammang

https://www.linkedin.com/in/kristopher-flammang-lpfadv/

https://www.lpfadvisors.com/

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The information I am providing is my opinion and not necessarily that of my firm or this platform. I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.

A systematic withdrawal strategy is essential for retirees aiming to manage their finances effectively, ensuring a consistent income stream without depleting their savings. This strategy involves calculated methods such as the 4% rule, bucket strategy, and dynamic withdrawals, each tailored to accommodate factors like spending needs, tax implications, and market performance. Both Kris Flammang and Collin Habig underscore the significance of these structured approaches, drawing from their extensive experience in financial planning to advocate for personalized strategies that mitigate the risk of outliving one's assets. They emphasize the need for adaptability, urging retirees to collaborate with financial planners to craft and continuously refine a strategy that aligns with evolving life circumstances and market dynamics.

Here’s what to expect this episode:

• A Systematic Withdrawal Strategy is a plan for retirees to draw money from their retirement accounts to provide a steady income while minimizing the risk of running out of money.

• Popular Withdrawal Strategies include the 4% rule, bucket strategy, and dynamic withdrawals, each with different implications and flexibility.

• Choosing the right strategy for withdrawing retirement funds is crucial and depends on individual circumstances like income needs, portfolio size, risk tolerance, and tax situation.

Connect with Collin Habig

https://www.linkedin.com/in/collinhabig/

Connect with Kris Flammang

https://www.linkedin.com/in/kristopher-flammang-lpfadv/

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The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.

Sarasota Memorial Hospital has recently made significant updates to its retirement plan, aiming to enhance investment choices, reduce costs, and better support employees' retirement goals. Kris Flammang highlights that these changes were made with participants' best interests at heart, focusing on improving investment options by introducing new funds and lowering expenses, ultimately providing employees with more beneficial choices. He urges employees to review their allocations and adjust contributions accordingly to align with their retirement goals. Similarly, Collin Habig values the plan's updates, particularly the inclusion of target date funds and the automatic rebalancing feature, as a positive move to keep employees on track with their retirement objectives. He encourages participants to assess their new investments and make necessary adjustments to ensure their portfolios reflect their individual saving goals.

Here’s what to expect this episode:

• Enhancements to the investment lineup and reduction in investment expenses can significantly impact employees' retirement savings.

• Automatic redirection of balances from eliminated funds to replacements, rebalancing of accounts, and updates to default investment options contribute to ensuring employees' retirement savings align with their goals.

• Participants should review their new investments, ensure future contributions align with their goals, and update beneficiaries if needed.

Connect with Collin Habig

https://www.linkedin.com/in/collinhabig/

Connect with Kris Flammang

https://www.linkedin.com/in/kristopher-flammang-lpfadv/

https://www.lpfadvisors.com/

Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.

Choosing the right pension payout option is a critical decision that significantly influences retirement security, with commonly available choices including single life annuity, joint and survivor annuity, lump sum, and term certain. Each of these options comes with its own set of benefits and drawbacks, making it essential to consider factors such as a spouse's needs, age, health, and other sources of income when making a decision. Kris Flammang underscores the importance of taking time to thoroughly evaluate these options in the context of one's overall financial plan and lifestyle goals, often sharing anecdotes of clients who changed their initial decisions after a comprehensive review of their situation. Collin Habig echoes this perspective, emphasizing the need for a detailed understanding of financial aspects like retirement savings and debt, and the importance of using projections to foresee the impact of each option on future income. Both highlight the value of consulting a financial advisor to ensure that the chosen option aligns with individual and family goals, thus avoiding rushed decisions that might have long-term repercussions on retirement security.

Here’s what to expect this episode:

• Consider factors like spouse's needs, age, health, other income sources when choosing pension payout options.

• Different pension payout options have various implications like income for both parties, better health options, and control and flexibility.

• Seek advice from financial advisor for informed choices aligning with financial goals and ensuring long-term financial security.

Connect with Collin Habig

https://www.linkedin.com/in/collinhabig/

Connect with Kris Flammang

https://www.linkedin.com/in/kristopher-flammang-lpfadv/

Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.

Roth IRA conversions offer a strategic financial maneuver for individuals aiming to optimize their retirement savings by transferring funds from traditional retirement accounts to a Roth IRA. This process allows for tax-free growth and withdrawals during retirement, though it requires paying taxes upfront. Financial experts Kris Flammang and Collin Habig both stress the significance of having a well-thought-out plan before embarking on Roth conversions. Drawing from their extensive experience in financial planning, they advocate for partial conversions over time to manage tax liabilities effectively and to work within current tax brackets, thereby minimizing potential impacts on Medicare premiums and future tax bills. They highlight the necessity of collaborating with financial planners to tailor strategies to individual circumstances, particularly for those with a longer time horizon before retirement or those in lower current tax brackets, ensuring that Roth conversions contribute to a tax-free legacy for heirs.

Here’s what to expect this episode:

• Strategically converting portions over several years can lock in current tax rates and avoid required minimum distributions in retirement.

• Working with financial planners to fine-tune the conversion process ensures individuals do not exceed tax thresholds and account for state income taxes.

• Roth conversions are beneficial for leaving a tax-free legacy to heirs, making them an excellent tool for long-term planning.

Connect with Collin Habig

https://www.linkedin.com/in/collinhabig/

Connect with Kris Flammang

https://www.linkedin.com/in/kristopher-flammang-lpfadv/

Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.

The bucket strategy is an innovative approach to retirement planning that involves segmenting savings into distinct categories based on time horizons and purposes, aiming to tackle inflation, market, and longevity risks. This strategy is praised by financial experts like Kris Flammang and Collin Habig, who consider it a game changer in managing retirement income efficiently. Both Flammang and Habig emphasize the strategy's ability to simplify decision-making, provide peace of mind, and maintain a sustainable lifestyle by addressing the key risks associated with retirement. Their belief in the bucket strategy is rooted in its flexibility and effectiveness in navigating the emotional facets of financial planning while ensuring retirees can confidently manage their finances over the long term.

Here’s what to expect this episode:

• The bucket strategy helps address inflation, market risk, and longevity risk by splitting retirement savings into different buckets based on time horizon and purpose.

• Bucket 2 provides stability during mid-years of retirement, while Bucket 3 is designed for growth in later years to combat the effects of inflation and ensure income keeps up with rising costs.

• Implementing the bucket strategy simplifies decision-making, instills confidence in the financial plan, and helps individuals manage retirement income effectively by aligning investments with specific timeframes and needs.

Connect with Collin Habig

https://www.linkedin.com/in/collinhabig/

Connect with Kris Flammang

https://www.linkedin.com/in/kristopher-flammang-lpfadv/

Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.

The Secure Act has brought significant changes to the landscape of inherited IRAs, most notably with the implementation of a 10-year rule for non-spouse beneficiaries. This rule requires that the entire balance of an inherited IRA be withdrawn within a decade, necessitating strategic tax planning to avoid unnecessary tax burdens. Kris Flammang and Collin Habig, both experts in financial planning, stress the importance of understanding this new regulation and the necessity of spreading distributions over the 10-year period. Their perspectives are shaped by their extensive experience in advising beneficiaries to manage taxable income efficiently, ensuring compliance with the updated rules. Both Flammang and Habig advocate for consulting with tax professionals or financial advisors, highlighting the complexity of the Secure Act and the need for proactive planning to maximize financial benefits.

Here’s what to expect this episode:

Connect with Collin Habig

https://www.linkedin.com/in/collinhabig/

Connect with Kris Flammang

https://www.linkedin.com/in/kristopher-flammang-lpfadv/

Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.

Tax efficient investing is a strategic approach designed to minimize the tax burden on investments, thereby enhancing overall returns. This method involves placing various types of investments in specific accounts based on their tax implications, such as holding high-income assets like bonds and mutual funds in tax-deferred accounts and placing tax-efficient vehicles like index funds and ETFs in taxable accounts. Kris Flammang advocates for using strategies like asset location and tax loss harvesting to reduce tax liabilities, highlighting the role of Roth IRAs for younger investors, and recommends consulting professionals for personalized strategies. Meanwhile, Collin Habig underscores the importance of tax-efficient investing through the strategic placement of assets and emphasizes the potential of tax-loss harvesting to offset gains, advocating for a tailored approach with the guidance of financial experts to optimize tax efficiency. Both perspectives converge on the importance of strategic planning and professional advice in achieving long-term financial success.

Here’s what to expect this episode:

• High-income generating assets like bonds and mutual funds are best kept in tax-deferred accounts like 401ks and IRAs.

• Tax-efficient investments like index funds and ETFs are more suited for taxable accounts.

• Tax loss harvesting is a tactic used to offset capital gains by selling investments that have lost value, reducing overall taxable income.

Connect with Collin Habig

https://www.linkedin.com/in/collinhabig/

Connect with Kris Flammang

https://www.lpfadvisors.com/

Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.



Financial wellness programs have become an essential part of employee benefits, offering valuable resources to enhance financial literacy and help employees achieve long-term financial stability. These programs present an opportunity for individuals to explore and utilize various financial benefits provided by their employers, such as extra life insurance, disability coverage, retirement planning tools, and legal services, often through resources like benefits portals and HR departments. Kris Flammang champions the idea that effectively managing personal finances through these programs can significantly reduce financial stress and aid in future planning. With a background in financial advising, he stresses the importance of leveraging incentives, like contributions to health savings accounts, to boost financial health. Similarly, Collin Habig underscores the necessity of thoroughly researching and prioritizing financial goals to maximize these offerings, advocating for active engagement with educational resources to unlock the full potential of available benefits.

Here’s what to expect this episode:

Connect with Collin Habig

https://www.linkedin.com/in/collinhabig/

Connect with Kris Flammang

https://www.linkedin.com/in/kristopher-flammang-lpfadv/

Learn more about your ad choices. Visit megaphone.fm/adchoices

The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.

Social Security is a cornerstone of retirement planning in the United States, offering essential financial support through retirement, disability, and survivor benefits, all funded by payroll taxes from workers and employers. Kris Flammang and Collin Habig both underscore the critical importance of understanding Social Security basics as a foundation for making informed financial decisions. Their perspective, shaped by their expertise in financial planning, highlights the necessity of considering a range of factors such as longevity, health, and income needs when determining the optimal time to claim benefits. Both advocate for the strategic delay of benefits to potentially enhance monthly payouts, particularly emphasizing the role of spousal and survivor benefits in maximizing overall financial security for couples. They recommend consulting with financial professionals to effectively navigate these complex decisions.

Here’s what to expect this episode:

• Consider factors like longevity, income needs, and spousal benefits when deciding on when to start claiming Social Security benefits

• Delaying Social Security benefits until full retirement age or even age 70 can result in larger monthly payments

• Strategic planning and seeking advice from financial professionals can help maximize Social Security benefits and secure financial well-being in retirement.

Connect with Collin Habig

https://www.linkedin.com/in/collinhabig/

Connect with Kris Flammang

https://www.linkedin.com/in/kristopher-flammang-lpfadv/

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