Learn More About Schiff Benefits:

https://schiffbenefits.com/

Some key insights from this episode:

"So that's our goal is to get this person the best rating possible the lowest premium possible And often it takes weeks months sometimes to get that done We work very closely with the client themselves through you and also the doctors that are involved in the care of this patient."

"One of the things that your high net worth clients can do is actually go to their physician offices on their next regular office visit and look at their chart And if they've had these special tests like a treadmill done or a pulmonary function test done or a chest x-ray done write down or ask the doctor how did they justify this test Or look at the reason why the test was done because it may be absolutely incorrect And it may come back to bite you especially when you're dealing with a long-term care rider."

Learn More About Dennis Bartos:

https://www.agencyone.net/cmt-management-team/dennis-bartos-pa/

Learn More About Schiff Executive Benefits:

https://schiffbenefits.com/

Well, in this, the Sixth episode of The Perfect Plan, Dan Zugell, my friend and colleague of 25 plus years goes into the wonder of an Employee Stock Ownership Plan (ESOP). In this qualified retirement plan solution for a business owner, you have a ready and willing buyer, that will buy your business, for a set dollar amount, at a set triggering event. If done correctly, you as the business owner can still run it, control it, and participate in the future growth of your company.

Dan goes into the benefits, tax advantages, and rules of how to design “the perfect” exit strategy for the closely held business owner. Take a few minutes and hear what he has to say, then contact us on how we can help you monetize your largest asset.

Connect with Dan:

https://dantheesopman.com/

Connect with Matt:

https://calendly.com/mschiff-2

Key Insights on Episode 5 Shared by Jamie Hopkins of Bryn Mawr Capital Management

1-When you're expanding hiring somebody you can always wait longer Eventually you need to act You need to take action I do think one useful thing if you're a business owner listening to this is set a goal and hold yourself accountable for it.

2-We also have more money and more wealth in the United States than ever before.  2022 was the single largest growth point of U.S wealth by a percentage in any point in the United States history. So for all the bad things that are going on 2022 is the single largest growth point of U.S wealth at any point in history.

3-At the same time I was also clerking in the appellate division and got to work on one of Bernie Madoff's cases......

4-The decision point finding a financial advisor that fits you and the type of advice that you are looking for falls on the individual today.

Learn More About Bryn Mawr Capital Management:

bryn mawr capital management

Learn More About Schiff Executive Benefits:

https://schiffbenefits.com/

Key Insights from Episode 4:

"The 6 main items Bud Schiff would focus on if he was building his financial practice today."

1. Insurance and 

2. Risk management 

3. Tax planning 

4. Capital and liquidity planning 

5. Succession planning 

6. Retirement planning

"The most important thing that I see out there is that 85% of the small business owners when they're surveyed say that they don't have a succession plan."

The value of a Phantom Stock Plan

Learn More About Schiff Executive Benefits & Watch This Episode:

https://schiffbenefits.com/employee-retention-in-2024/

https://schiffbenefits.com/

Some highlights from Episode 3:

Tom:

"I tell people long-term care insurance isn't about you it's about your family."

"The research that I read is very positive on annuities I cannot find I cannot find a PhD who has studied retirement that is negative on annuities." 

"So it's about blending it properly using the right club at the right time and the right product at the right time."

Learn More About Schiff Executive Benefits:

https://schiffbenefits.com/

Full Video Episode:

https://schiffbenefits.com/retire-happy-regardless-of-your-age/

Learn More About Tom Hegna:

https://tomhegna.com/

Some highlights from Episode 2:

"There are a lot of people who probably didn't put money in the stock market but one of the things they learned how to do is to handle their expenses So two things happens Pay yourself first and watch what you're spending And I know it sounds trite but it's not It has very specific consequences when someone doesn't do that And at the end of the day the problem you have is people look in the old days you retired at sixty-five you took a boat to Ireland and you were dead at sixty-eight who cares But right now people living thirty years They're living as long as their working age in retirement."

Joe Jordan

"I will go as far as If somebody gets a new job I'll look at their benefits for them to try and see what they should be doing We try to educate our own clients on group cases on why it's important to give a match so that people know you care about them It's not just what they're saving but that the employer cares about them So I think that if we would educate the future self would be very thankful."

Jayne Schiff

"You talk about building the perfect plan lot of it is about building the perfect habits Well that's true One of the things that we've been doing with generational gifting actually so that the grandkids have some money in the future is using Permanent life insurance Grandparents can make a single gift a twenty five thousand dollar gift put it in what they call a premium deposit account And then over the next seven to nine years have it blend in to the product so that they have a life insurance policy that's paid up has protected their insurability in the future with a guaranteed insurability rider with a waiver of premium in case they become disabled while they're working."

Matt Schiff

Learn More About Schiff Executive Benefits:

https://schiffbenefits.com/

Some key insights from Matt in this episode:

"I had seen early on right out of college was if you're 22 years old and have the ability to put money aside for just a short period of time and decide to change your habits those habits will become just second nature."

"I had a conversation with one of those Tik Tokers YouTubers And one of the things he said to me specifically about being in school they don't teach him any of this They don't teach him the finance and what to do they're teaching him math and they're teaching him history They're teaching him this and that and the science but they don't teach him the financial tools to basically get through life."

"The next thing I knew I was working on computers in my father's shop learning about 401ks and okay I got to put in $35.14 for this person $20.15 in this account And I was literally keying in people's retirement accounts every single payroll while I was a kid working for my parents."

"What are some of the roadblocks that prevent business owners and professionals from moving forward and taking these steps to utilize these instruments for their benefit one word... procrastination." 

Learn About Schiff Executive Benefits:

https://schiffbenefits.com/