Here’s a question: How well do you and your spouse, or partner, work together when figuring out issues around saving, spending and investing? The answer could have a big impact on your future as individuals and as a couple.

On the latest episode of Wisdom and Wealth, we’re taking a closer look at how you can build a better financial partnership to go along with your marital one and navigate some more challenging conversations along the way!

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:25 - Roughly 75% of marriages have one person that is more financially savvy and they take control of finances

4:17 - Having open financial discussions can help build a stronger marriage

5:45 - The advantages of discussing your finances openly with your spouse

7:47 - Steps for being more effective in your financial planning as a couple

10:07 - Every relationship has compromises

12:37 - What if you and your spouse have different wealth personalities?

15:18 - How a wealth manager can be a mediator between a couple's financial discussions

17:20 - How to get in touch with Frank's team and open up a dialogue

18:27 - Closing remarks

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We can be blindsided at any time by bad news—a death, a job loss, a natural disaster—that makes it hard to know whether we’re still on solid financial ground.

On the latest episode of Wisdom and Wealth, we’re taking a closer look at smart ways to regain much-needed clarity if you’re faced with major uncertainty and steps you can take if you need to get back on track.

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:34 - Uncertainty can sneak up on us and impact our financial world

3:42 - The first step you can take when you're surprised by a life event

5:32 - What is a financial stress test?

7:12 - How a stress test can be leveraged in these moments

9:00 - Most people have gaps in the foundation of their financial plan

10:58 - Advice for navigating the emotions tied to a life event

13:40 - How Frank's team addresses gaps in the financial plan

16:00 - How to get in touch with Frank and his team to discuss further

18:02 - Closing remarks

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As families’ wealth increases and as that wealth gets passed on to heirs, the issue of philanthropy often becomes more and more important to wealthy families. T

On the latest episode of Wisdom and Wealth, we’re looking at a specific resource that these families should know about and should consider—a professional known as a philanthropic advisor, who is deeply focused on the area of charitable giving.

Let's get started!

Timecodes:

0:06 - Introduction and overview on the topic of the day

2:00 - The appeal of working with a philanthropic advisor

3:25 - How a philanthropic advisor works with their client

4:45 - Getting involved on a more granular level

6:17 - Providing guidance on the strongest charitable tools and vehicles available

8:23 - Surprising factors within the realm of charitable giving

10:04 - How to decide if you need to work with a philanthropic advisor

12:45 - The characteristics of a skilled philanthropic advisor

16:00 - How you can get in touch with Frank's team to discuss this further

17:43 - Closing remarks

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If you are like many business owners, you’re looking out for more than just the financial health of your company. You also want to take care of your family and loved ones by providing for them and setting them up for rewarding lives of their own.

On the latest episode of Wisdom and Wealth, we’re exploring how proactive estate planning can help you pursue those goals.

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:39 - The role estate planning plays for a business owner

2:47 - Most entrepreneurs aren't adequately addressing the need for estate planning

5:22 - Many estate plans are outdated

6:30 - How an outdated estate plan can negatively impact a business owner and their family

8:27 - The first step in updating your estate plan

10:09 - You need to consider how your children will receive assets

13:42 - Building your estate plan

15:23 - The mistakes that can be made during estate planning efforts

17:09 - How to get in touch with Frank and his team

18:34 - Closing remarks

Connect with Frank Astorino:

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Family conflicts can wreak havoc on a family-run business, especially when it comes time to transfer ownership of the company from one generation to the next.

On the latest episode of Wisdom and Wealth, we’re taking a look at how a well-designed succession plan can reduce that risk and help facilitate a transfer that leaves everyone in the family satisfied.

Timecodes:

0:06 - Introduction and overview on the topic of the day

3:00 - How can a business owner assess their need for succession planning?

5:56 - Where to begin with succession planning efforts

8:02 - A succession plan can help avoid family conflict

10:20 - A succession plan can also address the technical issues inside a business

13:28 - The process of getting your thoughts formulated into an active succession plan

15:30 - The issues that can arise during succession planning efforts

18:05 - How to get in touch with Frank's team

21:00 - Closing remarks

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Believe it or not, it’s not always easy to inherit significant wealth. Many inheritors feel tremendous pressure to prove that they deserve the money. That pressure can lead to great things or big problems, depending on how well they navigate the situation.

On the latest episode of Wisdom and Wealth, we’ll explore ways that inheritors can feel more validated and comfortable with wealth.

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:30 - Inheriting significant wealth can be a double-edged sword

2:55 - There are a lot of considerations for the matriarchs and patriarchs

4:22 - Inheritances can mentally impact anyone

6:16 - The longing for legitimacy that enters the picture

7:40 - Wealth can motivate or it can damage

9:56 - Smart ways that inheritors can go out and get the validation they seek

11:54 - How someone can achieve validation if they don't wish to continue the family business

13:46 - It's all about living a meaningful life

16:00 - How to get in touch with Frank and his team

17:50 - Closing remarks

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None of us want to think about losing our mental edge later in life, but it's something you need to consider. Commonly, people experience a degradation of financial decision-making abilities and "mental sharpness" beginning in their 60s or 70s.

On the latest installment of Wisdom and Wealth, we're addressing strategies to safeguard your assets from any wealth-destroying mental money mistakes before that time comes!

This is such an important conversation and we hope you leave with some key takeaways for your own financial well-being!

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:28 - Let's face it...we're getting older

2:37 - How a loss of mental sharpness can inhibit your financial decision-making abilities

5:02 - Start planning as early as you can

6:17 - The steps people should be considering at this point in life

8:06 - How family members and trusted advisors should be utilized in this moment

11:02 - The legal documents and formal steps that need to be considered

13:22 - The mistakes people make during this time in our lives

15:53 - Final thoughts and considerations from Frank

17:14 - How you can get in touch with Frank and his team

18:10 - Closing remarks

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We’re living longer than ever these days. That means our wealth may need to see us through what could be an extremely lengthy retirement.

On the latest installment of Wisdom and Wealth, Frank and Ryan are exploring how an increasingly important aspect of wealth management, called longevity planning, can potentially help position our finances for the long haul.

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:50 - Living longer can be a bit of a double-edged sword for us

3:40 - A wealth management strategy popping up within longevity planning

5:35 - An example of how wealth management can support concierge medicine

7:38 - An additional concern we should examine within longevity planning

10:08 - The ripple effect of not implementing proper longevity planning

11:50 - Questions you should be asking yourself and discussing with trusted advisors

13:10 - Utilize the second opinion service

14:30 - How to get in touch with Frank and his team

15:00 - Closing remarks

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Planned giving can help your financial portfolio, while doing good for others in the world. When you provide meaningful financial support to the causes you care about, you have the potential for tax breaks.

On the latest installment of Wisdom and Wealth, Frank and Ryan explore the various charitable giving strategies and vehicles that can help get you started, as well as those strategies to enhance your existing philanthropic efforts to be more impactful.

We have another great episode that's packed with beneficial information! Enjoy!

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:52 - Is there an interest in charitable giving these days?

3:28 - How wealth planning fits into charitable giving

5:01 - Where to begin if you're interested in charitable giving strategies

6:57 - The foundational methods that exist within charitable giving

12:51 - How private foundations work and who should be looking into this strategy

14:59 - Who you should turn to for guidance and support on charitable giving efforts

16:45 - The most important aspect within charitable giving

18:15 - How you can get in touch with Frank's team

19:22 - Closing remarks

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In the latest installment of Wisdom and Wealth, Frank steps outside of the typical wealth management conversation to address how wealth is ultimately generated in the first place.

Listen as he discusses the benefits, as well as challenges, associated with entrepreneurship. Despite being the single fastest and most effective means of generating significant wealth, there are plenty of strategies and essential best practices to consider before attaining significant wealth.

So sit back, relax, and enjoy this unique conversation featuring the other side of the wealth management equation.

Timecodes:

0:06 - Overview on the topic of the day

2:08 - The power of entrepreneurship in today's day and age

4:58 - The commitment to achieve

8:02 - You have to take action and begin implementing your plan

9:40 - You need a high-quality business plan

11:26 - The ability to build powerful relationships

13:00 - Building and maintaining a high-quality team over time

15:00 - Aligning with a team of professionals

17:30 - How you can get in touch with Frank and his team

18:58 - Closing remarks

Connect with Frank Astorino:

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