A licensed CPA reveals some of the most common - and most costly - tax mistakes retirees make, and why your CPA and financial planner may not be talking enough.

In this episode of the Financial Leadership Podcast, David sits down with Jonathan Solsbery, CPA and founder of Solsbery CPA, to break down some common retirement tax issues many people don't think about until it's too late.

From the impact of the One Big Beautiful Bill to inherited IRA rules under SECURE Act 2.0, Roth conversion strategy, and why a tax refund might not be the good news you think it is - this conversation is a candid look at what proactive tax planning actually looks like when your CPA and financial advisor work together. Individual tax situations vary significantly - consult a qualified tax professional before acting on any information discussed in this episode.

KEY TAKEAWAYS

• The most expensive tax mistake retirees make isn't necessarily about day-to-day income mismanagement – it could be failing to plan ahead of major events like selling a business, receiving an inheritance, or making a large withdrawal. By the time many people bring it to a CPA, the window to act has already closed.
• A financial planner and a CPA serve different but complementary roles. A financial planner focuses on forward-looking tax mitigation strategy; a CPA ensures accuracy, compliance, and year-specific execution. When they don't communicate, the client may absorb the potential consequences of any gaps.
• The One Big Beautiful Bill includes significant changes to the SALT deduction cap - potentially impactful for many itemizing taxpayers - as well as updates to estate tax exemptions and certain retirement planning provisions.
• Under SECURE Act 2.0, most non-spouse beneficiaries who inherit an IRA are now subject to a 10-year distribution window - which can create significant tax exposure depending on the beneficiary's income situation. This is a complex area; consult a tax professional for guidance specific to your situation.
• Roth conversions aren't just a tax strategy - they can be a legacy planning tool. Converting pre-tax IRA assets at a favorable rate today may reduce the tax burden passed on to beneficiaries, particularly under the inherited IRA 10-year rule.

Want to know if your CPA and financial advisor are working together the way they could be? Schedule a no-cost, no-obligation 15-minute call with a BAM advisor to see what proactive tax planning looks like in practice:

👉www.bamadvisorygroup.com

🌐 Learn more about Jonathan Solsbery, CPA:

👉 www.solsberycpa.com

BAM Advisory Group is an independent financial services firm assisting individuals preparing for retirement through the use of investments and insurance products. Insurance products and services provided by BAM Advisory Group. Investment Advisory Services offered through its affiliate, BAM Wealth Management, LLC, a Registered Investment Adviser. We are not affiliated with Solsbery CPA, or with any government agency, and do not provide tax or legal advice or services.

This material is provided for educational purposes only and should not be construed as advice or a recommendation. Always consult with qualified financial, tax and legal advisors. Investing involves risk, including possible loss of principal. No investment strategy can ensure a profit or guarantee against losses. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Investment advisory services are provided in accordance with a fiduciary duty of care and loyalty that includes putting your interests first and disclosing conflicts. Insurance services have a best interest standard which requires recommendations to be in your best interest. Advisors may receive commission for the sale of insurance and annuity products.

For more than 25 years, David and Kristy Afraimi have been building something bigger than a financial planning firm.In this episode, they share the real story behind BAM Advisory Group — from moving to Colorado with a young family, surviving the 2008 financial crisis, nearly losing everything, rebuilding with intention, and ultimately creating a championship team culture built to last beyond them.This isn’t just a conversation about money.It’s about:• Why a 401(k) is NOT a retirement plan• What 2008 taught them about vision and culture• The biggest misconception about retirement• Why “retire with confidence” means more than having a pile of money• Building Gen 2 and Gen 3 leaders• Creating the “Uber of financial planning”• Why trust is the real differentiator in financial services• The power of hospitality over a basic service model• Digital, AI, and the future of financial adviceYou’ll also hear about:– The BAM Gala and what it revealed about their impact– Winning Best of Mile High Planning 2025– How they define their ideal client– What makes BAM unapologetically authentic– Why culture beats strategy in the long runIf you’ve ever wondered what it really takes to build a firm that survives market crashes, evolves through COVID, scales a team, and still keeps the human element at the center — this episode is for you.At BAM Advisory Group, the mission is simple:Empower each person to have a healthy and confident relationship with money so they can live freely, give generously, and face the future with peace of mind.If you're thinking about retirement, navigating market uncertainty, or just want to make sure you’re not walking into your most important years without a real plan — this conversation will challenge the way you think about wealth.Your support helps us reach more people and provide more value! Don’t forget to comment if you have any questions or want to share your own experience with retirement planning.Visit WWW.BAMADVISORYGROUP.COM to schedule your no-cost, no-obligation call with a BAM Advisor. ◆ For more information, please email our team: [email protected] #FinancialAdvisor #FinancialPlanning #RetirementPlanning #InvestmentPlanning #ThreeBucketStrategy #RetirementIncome #IncomePlanning#BAMAdvisoryGroupBAM Advisory Group is an independent financial services firm assisting individuals preparing for retirement through the use of investments and insurance products. Insurance products and services provided by BAM Advisory Group. Investment Advisory Services offered through its affiliate, BAM Wealth Management, LLC, a Registered Investment Adviser. We are not affiliated with any government agency, and do not provide tax or legal advice or services.This material is provided for educational purposes only and should not be construed as advice or a recommendation. Always consult with qualified financial, tax and legal advisors. Investing involves risk, including possible loss of principal. No investment strategy can ensure a profit or guarantee against losses. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Investment advisory services are provided in accordance with a fiduciary duty of care and loyalty that includes putting your interests first and disclosing conflicts. Insurance services have a best interest standard which requires recommendations to be in your best interest. Advisors may receive commission for the sale of insurance and annuity products.

Cash feels safe. Staying busy feels productive. Chasing performance feels smart. But all three could quietly sabotage your retirement—and the reasons why might surprise you.In this video, David Afraimi shares insights from over 26 years as a financial advisor, revealing the overlooked psychological and financial challenges that catch even successful professionals off guard when they retire.You'll learn:→ The real framework for building long-term financial confidence→ Why holding too much cash may actually be one of your biggest risks→ The emotional gap retirees face when workplace validation disappears—and 6 strategies to navigate it→ How to shift from measuring accomplishment to measuring fulfillmentWhether you're approaching retirement or already there, understanding these dynamics could change the way you think about this next chapter of life.Visit WWW.BAMADVISORYGROUP.COM to schedule your no-cost, no-obligation call with a BAM Advisor. ◆ For more information, please email our team: [email protected] #FinancialAdvisor #FinancialPlanning #RetirementPlanning #InvestmentPlanning #ThreeBucketStrategy #RetirementIncome #IncomePlanning#BAMAdvisoryGroupBAM Advisory Group is an independent financial services firm assisting individuals preparing for retirement through the use of investments and insurance products. Insurance products and services provided by BAM Advisory Group. Investment Advisory Services offered through its affiliate, BAM Wealth Management, LLC, a Registered Investment Adviser. We are not affiliated with any government agency, and do not provide tax or legal advice or services.This material is provided for educational purposes only and should not be construed as advice or a recommendation. Always consult with qualified financial, tax and legal advisors. Investing involves risk, including possible loss of principal. No investment strategy can ensure a profit or guarantee against losses. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Investment advisory services are provided in accordance with a fiduciary duty of care and loyalty that includes putting your interests first and disclosing conflicts. Insurance services have a best interest standard which requires recommendations to be in your best interest. Advisors may receive commission for the sale of insurance and annuity products.

Many retirement plans assume life stays predictable.

But there are major life events that can quietly reshape your retirement taxes—often at the worst possible time—if you’re not prepared.

In this video, we walk through two such life events:→ The two life changes that most commonly affect retirement taxes→ Why tax brackets can change after major life transitions→ How retirement income may be taxed differently when circumstances change→ Common planning mistakes people make without realizing the long-term impact→ Steps that may help reduce tax surprises before they occur

This isn’t about fear or worst-case scenarios.It’s about understanding how the tax system works so you can make informed decisions and protect your long-term retirement income.

If you’re approaching retirement—or already retired—this is an important conversation to have before life forces it on you.BAM Advisory Group is an independent financial services firm assisting individuals preparing for retirement through the use of investments and insurance products. Insurance products and services provided by BAM Advisory Group. Investment Advisory Services offered through its affiliate, BAM Wealth Management, LLC, a Registered Investment Adviser. We are not affiliated with any government agency, and do not provide tax or legal advice or services.This material is provided for educational purposes only and should not be construed as advice or a recommendation. Always consult with qualified financial, tax and legal advisors. Investing involves risk, including possible loss of principal. No investment strategy can ensure a profit or guarantee against losses. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Investment advisory services are provided in accordance with a fiduciary duty of care and loyalty that includes putting your interests first and disclosing conflicts. Insurance services have a best interest standard which requires recommendations to be in your best interest. Advisors may receive commission for the sale of insurance and annuity products.

Many people assume that aging means inevitable decline. But according to Breanna Barney—a licensed physical therapist who specializes in working with older adults—there’s more within your control than you might think.

In this conversation, Breanna shares practical insights into maintaining strength, mobility, and independence through your 60s, 70s, and beyond.

We cover:

• How even one fall after age 65 can lead to significant life changes

• Early habits that may contribute to mobility decline—and ways to counteract them

• The importance of daily movement routines and realistic strength-building at any age

• Why mindset, purpose, and structure are critical to long-term wellbeing

• How muscle health supports balance, cognition, and independence

• Key signs families should watch for around caregiving needs

Whether you’re planning for retirement or already in it, this conversation highlights proactive steps that may help you stay active and confident as you age.

→ To learn more about Breanna Barney:

• www.vipseniorcarespecialists.com 
• Phone: 567-454-1046 
• Email: [email protected]

Ready to discuss how your financial plan can support your lifestyle and health goals? Schedule a retirement confidence call with one of our advisors by visiting www.bamadvisorygroup.com

BAM Advisory Group is an independent financial services firm assisting individuals preparing for retirement through the use of investments and insurance products. Insurance products and services provided by BAM Advisory Group. Investment Advisory Services offered through its affiliate, BAM Wealth Management, LLC, a Registered Investment Adviser. We are not affiliated with any government agency, and do not provide tax or legal advice or services.

This material is provided for educational purposes only and should not be construed as advice or a recommendation. Always consult with qualified financial, tax and legal advisors. Investing involves risk, including possible loss of principal. No investment strategy can ensure a profit or guarantee against losses. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Investment advisory services are provided in accordance with a fiduciary duty of care and loyalty that includes putting your interests first and disclosing conflicts. Insurance services have a best interest standard which requires recommendations to be in your best interest. Advisors may receive commission for the sale of insurance and annuity products.

In this episode of the Financial Leadership Podcast, host David Afraimi sits down with estate planning attorney Andrew Kroll to explore one of the most important and often misunderstood parts of financial planning: wills and trusts.

Andrew explains why estate planning is not just for the wealthy and how a well-structured plan can help minimize delays, avoid probate, and protect your wishes—especially if you own real estate or have beneficiaries. Learn the key differences between wills and revocable trusts, the role of guardianship for minor children, and common misconceptions that cause families legal and financial stress.

Whether you're just getting started or reviewing an existing plan, this episode offers insights into:

• When a will may fall short
• Why privacy matters in estate planning
• How to avoid unnecessary court involvement
• Basic trust structures for incapacity or complex family dynamics
• Recent federal estate tax thresholds and what they mean for planning

This discussion is for educational purposes only. Always consult with a qualified estate planning attorney or financial advisor regarding your personal situation.

BAM Advisory Group is an independent financial services firm assisting individuals preparing for retirement through the use of investments and insurance products. Insurance products and services provided by BAM Advisory Group. Investment Advisory Services offered through its affiliate, BAM Wealth Management, LLC, a Registered Investment Adviser. We are not affiliated with any government agency, and do not provide tax or legal advice or services. BAM Advisory Group is not affiliated with Andrew Kroll or Kroll Law Offices.

This material is provided for educational purposes only and should not be construed as advice or a recommendation. Always consult with qualified financial, tax and legal advisors. Investing involves risk, including possible loss of principal. No investment strategy can ensure a profit or guarantee against losses. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Investment advisory services are provided in accordance with a fiduciary duty of care and loyalty that includes putting your interests first and disclosing conflicts. Insurance services have a best interest standard which requires recommendations to be in your best interest. Advisors may receive commission for the sale of insurance and annuity products.

Buffered ETFs: Risks, Benefits & How They Fit Might Into Retirement Portfolios

Can you limit downside exposure and still participate in potential market growth? In this episode, David Afraimi sits down with Michael Capizzi, Managing Director at Vest, to explain how Buffered ETFs — also known as Defined Outcome ETFs — are being used by both retirees and younger investors when appropriate to help navigate market volatility with more structure and transparency.

You’ll discover:

●  What Buffered ETFs are and how they function

●  How they’re constructed to define downside protection and upside caps

●  When they may complement fixed income, annuities, or traditional ETFs

●  How Buffered ETFs responded during high-volatility markets like 2022

●  How different clients—from those in distribution to accumulation—may use them

●  Tax efficiency considerations

If you're looking for tools that may provide a level of predictability in an unpredictable market, this episode offers a deep dive into how these products work — and where they may (or may not) fit in a diversified retirement strategy.

BAM Advisory Group is an independent financial services firm assisting individuals preparing for retirement through the use of investments and insurance products. Insurance products and services provided by BAM Advisory Group. Investment Advisory Services offered through its affiliate, BAM Wealth Management, LLC, a Registered Investment Adviser. We are not affiliated with any government agency, and do not provide tax or legal advice or services.

This material is provided for educational purposes only and should not be construed as advice or a recommendation. Always consult with qualified financial, tax and legal advisors. Investing involves risk, including possible loss of principal. No investment strategy can ensure a profit or guarantee against losses. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Investment advisory services are provided in accordance with a fiduciary duty of care and loyalty that includes putting your interests first and disclosing conflicts. Insurance services have a best interest standard which requires recommendations to be in your best interest. Advisors may receive commission for the sale of insurance and annuity products.

In this episode of the Financial Leadership Podcast, mortgage expert Jacalyn Forleo shares nearly 20 years of industry insight to help you make smarter home buying and refinancing decisions—especially in today’s unpredictable market.We cover essential topics like:→ Should you buy now or wait? What to consider beyond interest rates→ How mortgage brokers are really paid (and what fees to watch out for)→ The facts about VA, FHA, and other unique loan options→ The problem with trying to "time the market" for a crash→ What first-time homebuyers often get wrong—and how to avoid those pitfalls→ Creative ways to use your home equity for financial flexibility→ Are reverse mortgages worth considering? (And when?)If you’ve ever asked yourself:→ “Is this a smart time to buy?”→ “Should I refinance?”→ “What kind of loan is right for me?”…you’ll get clear, honest information here.Key takeaway: The best time to buy is when you’re financially ready—and this episode shows you how to know when that may be.If you enjoy this conversation, please double check that you’ve liked the video and subscribed to the channel! That's a small way you can help us carry on doing this, really appreciate you! Email us at [email protected] or schedule a meeting with a BAM Advisor https://calendly.com/initial-phone-callrr/initial-phone-call?month=2025-05Like and Subscribe for More Content on Financial ConfidenceYour support helps us reach more people and provide more value! Contact us for a budget, income, and tax analysis: https://calendly.com/initial-phone-callrr/initial-phone-call?month=2025-05BAM Advisory Group is an independent financial services firm assisting individuals preparing for retirement through the use of investments and insurance products. Insurance products and services provided by BAM Advisory Group. Investment Advisory Services offered through its affiliate, BAM Wealth Management, LLC, a Registered Investment Adviser. We are not affiliated with any government agency, and do not provide tax or legal advice or services.This material is provided for educational purposes only and should not be construed as advice or a recommendation. Always consult with qualified financial, tax and legal advisors. Investing involves risk, including possible loss of principal. No investment strategy can ensure a profit or guarantee against losses. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Investment advisory services are provided in accordance with a fiduciary duty of care and loyalty that includes putting your interests first and disclosing conflicts. Insurance services have a best interest standard which requires recommendations to be in your best interest. Advisors may receive commission for the sale of insurance and annuity products.

In this episode, Alex Fekete dives deep into often overlooked and misunderstood risks facing retirees today. From inflation and market volatility to rising healthcare costs and tax exposure, this episode covers what every near-retiree needs to understand to make informed decisions.

Whether you're 5 years out from retirement or already drawing income, Alex explains practical strategies to help you reduce exposure to common financial pitfalls — while remaining within the boundaries of current regulatory guidance from the SEC and FINRA. You’ll also learn why “reliable” income and tax-conscious planning are crucial in today’s economic landscape.

What You’ll Learn:

●  How inflation silently erodes purchasing power in retirement

●  Why not all retirement vehicles offer the same level of predictability

●  The potential impact of sequence-of-returns risk on your retirement income

●  Considerations for taxes on Social Security and investment withdrawals

●  What questions to ask your financial professional to stay compliant and informed

If you enjoy this conversation, please double check that you’ve liked the video and subscribed to the channel! That's a small way you can help us carry on doing this, really appreciate you! Email us at [email protected] or schedule a meeting with a BAM Advisor https://calendly.com/initial-phone-callrr/initial-phone-call?month=2025-05Like and Subscribe for More Content on Financial ConfidenceYour support helps us reach more people and provide more value! Don’t forget to comment if you have any questions or want to share your own experience with retirement planning.Contact us for a budget, income, and tax analysis: https://calendly.com/initial-phone-callrr/initial-phone-call?month=2025-05

BAM Advisory Group is an independent financial services firm assisting individuals preparing for retirement through the use of investments and insurance products. Insurance products and services provided by BAM Advisory Group. Investment Advisory Services offered through its affiliate, BAM Wealth Management, LLC, a Registered Investment Adviser. We are not affiliated with any government agency, and do not provide tax or legal advice or services. We are not affiliated with OneAmerica Financial.

This material is provided for educational purposes only and should not be construed as advice or a recommendation. Always consult with qualified financial, tax and legal advisors. Investing involves risk, including possible loss of principal. No investment strategy can ensure a profit or guarantee against losses. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Investment advisory services are provided in accordance with a fiduciary duty of care and loyalty that includes putting your interests first and disclosing conflicts. Insurance services have a best interest standard which requires recommendations to be in your best interest. Advisors may receive commission for the sale of insurance and annuity products.

Is age 65 the “magic number” for retirement? Or just a myth that no longer fits modern retirement planning? In this episode, we unpack why most people get retirement timing wrong — and how the age you choose to retire should be driven by strategy, not tradition.Featuring insights from BAM Advisory Group and David Afraimi— 2025 Best of Mile High Finalists — this podcast walks through hypothetical case studies using eMoney and other planning tools to show you:

- Why 59½ may be a more important milestone than 65- How tax planning in your 60s could reduce income stress in your 70s- How to structure predictable, reliable income before Medicare kicks in- How your investment accounts, taxes, and RMDs intersect to affect your timingWant to see if you’re on track?If you're not sure whether your retirement plan is optimized — especially when it comes to taxes or income risk — schedule a quick, no-obligation 15-minute call with a licensed advisor: https://bamadvisorygroup.com/Schedule your Retirement Strategy Call - https://bamadvisorygroup.com/As part of the call, we’ll build a complimentary Retirement Tax Map — a visual guide to where your income may be taxed and where there’s room for improvement. It’s completely educational. https://bamadvisorygroup.com/Retire with Confidence. Not Guesswork.Proud Finalist: Best of Mile High 2025We’re honored to be named a finalist! Learn more about the program here:https://bestofmilehigh.com/winners/

Investment advisory services offered by duly registered individuals through CreativeOne Wealth, LLC, a Registered Investment Adviser. CreativeOne Wealth, LLC and BAM Advisory Group are unaffiliated entities. Licensed Insurance Professionals. We are not affiliated with any government agency, and do not provide tax or legal advice or services. This material is provided for educational purposes only and should not be construed as advice or a recommendation. Always consult with qualified financial, tax and legal advisors. Investing involves risk, including possible loss of principal. No investment strategy can ensure a profit or guarantee against losses. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Investment advisory services are provided in accordance with a fiduciary duty of care and loyalty that includes putting your interests first and disclosing conflicts. Insurance services have a best interest standard which requires recommendations to be in your best interest. Advisors may receive commission for the sale of insurance and annuity products. Additional details including potential conflicts of interest are available in our firm's ADV Part 2A and Form CRS (for advisory services) and the Insurance Agent Disclosure for Annuities form (for annuity recommendations).