The Truth About Wealth

By John Parise and Michael Parise

Being a successful CFO starts with asking yourself questions that will give your family a better life now and for generations to come. In this podcast, financial professionals John and Michael, from C... more

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FAQs about The Truth About Wealth:

How many episodes does The Truth About Wealth have?

The podcast currently has 143 episodes available.

The Truth About Wealth episodes:

August 04, 202162. Living A Healthy Lifestyle With Pilates With Amy Jordan, Part One
Everything in your body is connected—you can’t exercise your body and eat poorly and expect top results.
In this episode, John and Michael are joined by Amy Jordan, creator and CEO of WundaBar Pilates. Amy shares her wealth of knowledge about Pilates, how she got into it, and who helped her realize her vision of WundaBar Pilates.
Amy discusses:
Why understanding how everything in your body is interconnected is important
Why you can’t work out and have a poor diet, and vice-versa
Her tips for clientele on how to live a healthy life, the 90% – 10% rule
How she made Pilates easily accessible during the pandemic
And more!
Connect with John and Micheal:
Copper Beech Financial Group: (856) 988-8300
John Parise
Michael Parise
Connect With Amy Jordan:
Amy Jordan on Facebook
Wundabar.com
About Our Guest:
A Pilates visionary, entrepreneur, inventor, and above all a proud mother of two, Amy Jordan’s guiding belief when it comes to wellness: “You are perfect wherever you are today, and my goal is to empower you to have the best experience in your own skin!” That is precisely what happened when Amy began practicing Pilates in 2006 as she journeyed through a difficult time in her own life. Her workout soon became her passion, and she left her career as an Entertainment Marketing Executive to open her first high-energy Pilates studio in 2008.
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27min
July 21, 202161. The Generational Impact Of The SECURE Act Part Two
A new provision in the SECURE Act requires children that inherit an IRA or a qualified plan to essentially withdraw those funds no later than 10 years after the date of death. How can you ensure that your child gains the most from their inheritance after you are gone?
In part two of this series, John and Michael Parise discuss possible solutions for this new provision to the SECURE Act. They reveal the various types of accounts you can utilize and share the importance of keeping future generations in mind.
You will learn:
How you can prepare for your children’s inheritance with the new provisions to the SECURE Act
What type of accounts and investments may be the best fit for you
The importance of taking future generations into account when creating your plan
And more!
Resources:
Episode 19 – Life Insurance as an Asset Class
Connect with Copper Beech
Copper Beech Financial Group: (856) 988-8300
LinkedIn: John Parise
LinkedIn: Michael Parise
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37min
July 07, 202160. The Generational Impact Of The SECURE Act — Part One
A recent provision to the SECURE Act could have major implications on how qualified plans, including your IRA, 401(k) and 403(b), are inherited by your children. It’s important that you understand the ramifications of this provision in order to protect your wealth.
In this episode, John and Michael Parise discuss these new provisions of the SECURE Act. They reveal the problems you could face if you don’t prepare properly and the importance of taking future generations into consideration when you’re developing your plan.
John and Michael discuss:
What the SECURE Act is and how new provisions may impact your plan
How to recognize when you may have a problem with your plans—and how to fix it
How your children could be taxed if you don’t take the SECURE Act into account
And more!
Connect with Copper Beech:
Copper Beech Financial Group
(856) 988-8300
John Parise
Michael Parise
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23min
June 23, 202159. The Plan For Succession in the Family Business
Do you have a succession plan in place for your family business?
In this episode, Michael Parise shares his personal experience with succession planning as the second generation within his family business. He reveals the importance of communication between generations when developing your business succession plan, and how the expectations of each generation can shape the future of your business.
Michael discusses:
How you can create a sustainable succession plan that will keep your business intact through the generations
How the expectations of each generation impacts the succession planning process
Why you need to have open communication between generations in your planning
The benefit of working with outside sources and experts when creating a plan for your family business
And more
Discover what you need to create a sustainable succession plan with Michael Parise!
Resources:
Copper Beech Financial Group: (856) 988-8300 | John Parise | Michael Parise | Investedge | Episode 57
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31min
June 09, 2021Episode 58: Approaching Governance Planning – Part 2 – With Jeff Savlov
By now, you should be knowing that governance is all about helping families stay organized and guided within their business. But where can you get started?
In the second part of this two-part series, John and Michael Parise are joined by returning guest, Blum & Savlov, LLP’s Jeff Savlov. This time, Jeff takes a deep dive to explain how families can begin and approach governance planning.
You will learn:
The three areas of focus when families are considering governance planning
Vision and mission statements as two simple methods of governance
How John and Michael deal with meritocracy and governance planning at Copper Beech
Governance planning as a solution for resistant (or opposing) generations
The role of a family council within the governance process
And more!
Listen in and find out the moral and legal components of governance planning!
Resources:
Part 1 | Copper Beech Financial Group: (856) 988-8300 | John Parise | Michael Parise | Jeff Savlov | Blum & Savlov, LLP: T. 732-296-8047 / C. 732-266-7572 / F. 732-284-4257 | Simon Senek
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32min
May 26, 2021Episode 57: Governance at an Enterprising Family Level – With Jeff Savlov
Family governance refers to the structures and processes families use to organize themselves and guide their relationship with their enterprise.
In the first part of this two-part series, Jeff Savlov, founder of Blum & Savlov, LLP joins John and Michael Parise to explain the family component of governance. Jeff highlights how families and their businesses can build and benefit from their governance plan, while highlighting potential drawbacks of low governance arrangements.
You will learn:
What is so complex about a family governance creation
How a formal governance document plan can avoid what Jeff calls “toxic informality”
The difference between a family business and an enterprising family business
Consequences of poor governance planning
And more!
Join the conversation to discover the crucial role of governance when it comes to picking the next leader for the family business!
Resources: Copper Beech Financial Group: (856) 988-8300 | John Parise | Michael Parise | Jeff Savlov | Blum & Savlov, LLP: T. 732-296-8047 / C. 732-266-7572 / F. 732-284-4257
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28min
May 12, 2021Episode 56: The Ultimate Episode Guide You MUST Revisit and Listen To
The Copper Beech team is going back to the classics in this highlight reel episode!
In this episode, John and Michael Parise revisit a series of episodes you must listen to in order to help you gain insight to overcome and solve potential concerns about your generational wealth planning.
You will learn:
The importance of estate planning – episodes 14 and 26
All things within the tax world and tax law changes – episodes 27, 36, and 42
Conversations about life insurance – episode 19
Why business owners should revisit their business succession plan – episode 33
Understanding the generational components of trusts – episodes 12 and 13
What you should really know about 1031 exchanges – episode 52
And more!
Listen today and find out why and how all these episodes introduce and talk about things clients are always concerned about!
Resources: Copper Beech Financial Group | John Parise | Michael Parise
Episodes:
Episode 12 | Episode 13 | Episode 14 | Episode 19 | Episode 22 | Episode 23 | Episode 26 | Episode 27 | Episode 30 | Episode 31 | Episode 33 | Episode 34 | Episode 36 | Episode 42 | Episode 52
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31min
April 28, 2021Episode 55 – Case Studies: Annuities as Helpful Multi-Generational Planning Tools – Part 2 – With Michael R. Harris, CFP®, ChFC
Annuities can be hugely beneficial for multi-generational planning, but how do you really go about doing that? What are the technical components of including annuities in your plan?
In part two of this two-part series, Mike Harris, senior education advisor at the Alliance for Lifetime Income, once again sits down with John and Michael Parise to explain the use of annuities as multi-generational planning tools, sharing successful case studies and real-life experiences.
In this episode, you will learn:
The emotional components of annuities and planning: Creating legacies as a way to remember loved ones
The eye-opening truth about annuity guarantee and protection policies
How to use annuity structures for special needs children
How and why it’s important to use the correct annuity for your situation within your plan
And more!
Remember, annuities for multigenerational planning need the assistance of a financial advisor. Discover how you can get started today!
Resources: Part 1 | Copper Beech Financial Group: (856) 988-8300 | Michael R. Harris, CFP®, ChFC | The Alliance for Lifetime Income
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36min
April 14, 2021Episode 54 – Annuities as a Helpful Income Planning Tool – With Michael R. Harris, CFP®, ChFC
The Alliance For Lifetime Income’s Michael R. Harris is all about helping YOU address the risk of outliving your retirement income.
In this episode, John and Michael Parise speak with Mike Harris to discover everything Mike has to say about annuities, and how to creatively use them within your income planning.
You will learn:
An investor-related definition of annuities
Why it is so important to plan for retirement-related income streams
The pros and cons of a traditional annuitization
What does the general public think of annuities: Research done by The Alliance For Lifetime Income
How advisors and clients can approach annuity discussions, cost and value-wise
And more!
No matter if it’s an investment or annuity – they all need planning. Listen in to find out why!
Resources: Copper Beech Financial Group | (856) 988-8300 | Michael R. Harris, CFP, ChFC | The Alliance for Lifetime Income | Cited Source: Risky Business: Living Longer Without Income for Life | Cited Source: CBS News: How to estimate your lifetime retirement paycheck
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34min
March 17, 2021Episode 53 – A Discussion on Business And Family Leadership – With Guest Robert Brown
Strong leadership is crucial for generational wealth and business transfer.
In this episode, John and Michael Parise sit down with their first client guest, CEO and president of American Asphalt Company, Robert Brown. Robert draws from his own business experience and journey to discuss the importance of sharing leadership values and training with the next generation to continue achieving success once the business is passed down.
In this episode, you will learn:
How and when leadership became a core and philosophical concept for Robert
Lessons Robert learned while becoming a business leader
Tips how to pick the next leader in the family
Trust, communication and professional leadership training: How to be a great coach to employees
How Copper Beech has helped Robert establish buy-sell agreements for his own firm
And more!
Tune in today to discover how leadership can help you achieve personal and generational business success!
Resources: Copper Beech Financial Group | (856) 988-8300 | American Asphalt Company | Robert Brown
...more
32min

FAQs about The Truth About Wealth:

How many episodes does The Truth About Wealth have?

The podcast currently has 143 episodes available.