The Good and Bad News of Realized Capital Gains (Ep. 79)

April 28, 2022Financial, Investments, Retirement, Uncategorizedbonds, Capital Gains, Peter Raskin, Raskin Planning Group, Stocks, Taxes, Wealth Is In The Details Podcastwealthisinthedetails

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Investors see capital gains as both good and bad news for their investment portfolio.

The good took place in 2021 when investors saw increased capital on their investments. The bad took place in the form of increased tax payments.

What is the best way for investors to maneuver between these two extremes?

In this episode, Peter Raskin discusses both the good and bad about realized capital gains. He also provides tips on how to maneuver around capital gains and taxes so more money stays in your pocket.

Peter discusses:

Why all stocks don’t experience the same level of capital gain
The importance of global diversification with your portfolio
The importance of being tax aware regarding stocks and bonds
How risk management is crucial to your investment strategy
And more!

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Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is a marketing name for registered representatives of Lincoln Financial Advisors.

Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.

Protect Yourself Against Cyber Crime and Identity Theft (Ep. 78)

April 13, 2022Financial, Investments, RetirementCyber Crime, Identity Theft, Peter Raskin, protection, Raskin Planning Group, Wealth Is In The Details Podcastwealthisinthedetails

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The saying “prevention is better than the cure” is typically reserved when discussing physical health.

What if we said the same phrase can be applied to cyber crime and identity theft as well?

In this episode, Peter Raskin discusses steps that you can take to reduce your chances of identity theft or a cyber crime attack. Most hackers don’t want to work that hard, so it’s important to take protective measures to reduce your risk of a cyber attack or identity theft.

Peter discusses:

The three ways to reduce your risk online
The importance of signing up for e-delivery of all financial documents
Why children and seniors tend to be more susceptible to identity theft and cyber crime
Why he coaches his staff not send funds via email without in-person meeting first
How to protect your computer from fraud and cyber threats
And more!

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Peter Raskin is a registered representative of Lincoln Financial Advisors.

The Gains and Losses of Direct Indexing with Matt Potter (Ep. 77)

March 30, 2022Financial, Investments, RetirementBuy, Index Funds, Investing, Peter Raskin, Raskin Planning Group, Sell, Stock Market, Wealth Is In The Details Podcastwealthisinthedetails

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Direct indexing is an index investing strategy that involves directly purchasing the components of a mutual fund or an ETF at the appropriate weights.

You may be wondering why an investor would want to complete so many transactions for similar holdings to a one-and-done mutual fund purchase. But there are specific potential benefits to direct indexing that may be intriguing.

In this episode, Peter Raskin speaks with Matt Potter, chartered financial analyst & director of investment services at SEI Private Trust Company. Peter and Matt discuss best practices for how to navigate the stock market, specifically when it comes to direct indexing.

Peter and Matt discuss:

What direct indexing is and why an investor may consider this approach
How taking a loss can potentially make your portfolio more tax-efficient
Why owning individual stocks provides more flexibility than a mutual fund or ETF
What a wash sale is and how direct indexing can help you avoid it
And More!

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Peter Raskin is a registered representative of Lincoln Financial Advisors.

Lessons in Donations with Ken Nopar (Ep. 76)

March 16, 2022Financial, Investments, Retirement, Uncategorizeddonation, estate, giving, Peter Raskin, philanthropy, Raskin Planning Group, Wealth Is In The Details Podcastwealthisinthedetails

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There is no shortage of charitable causes—and it’s impossible to give to every single one. It’s important to ask yourself some critical questions to help determine where you would like to allocate your funds: What is the cause? Who is the money going to? Why should I give my money away?

In this episode, Peter Raskin is joined by Ken Nopar, vice president & senior philanthropic advisor at the American Endowment Foundation*. Ken shares how he got into the field of philanthropy, along with how and why people choose to donate to various charitable causes.

Ken discusses:

How to bring up the conversation about donating
How donation trends have changed in the last 40 years
Why the 2008-09 recession was a major turning point in donating
Best practices for getting to know which organizations to volunteer & donate to
And more!

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Peter Raskin is a registered representative of Lincoln Financial Advisors.

*Not affiliated with Lincoln Financial Advisors.

Trust Funds and Trustees Lessons with Christopher Holtby (Ep. 75)

March 2, 2022Financial, Investments, Retirementcorporate trustee, estate, individual trustee, partnership, Peter Raskin, professional trustee, Raskin Planning Group, Wealth Is In The Details Podcastwealthisinthedetails

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How well do you understand the process of developing a trust or designating a trustee to your retirement accounts?

In this episode, Peter Raskin speaks with Christopher Holtby, co-founder of Wealth Advisors Trust Company*. Christopher shares what a trust fund is, what a trustee is and the different types of trust fund accounts. He also discusses the best practices in how to get the most out of your trust fund.

Christopher discusses:

The three different types of trustees
How to pick the correct person to be in charge of your trust fund
Why families establish trust funds
And more!

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Peter Raskin is a registered representative of Lincoln Financial Advisors.

*Not affiliated with Lincoln Financial Advisors.

Personal Investments With Personal Values with Jeff Wildermuth (Ep. 74)

February 16, 2022Financial, Investments, RetirementEnvironment, Investment Planning, Peter Raskin, Portfolio, Raskin Planning Group, Socially Responsible, Sustainable Investing, Taxes, Values, Wealth Is In The Details Podcastwealthisinthedetails

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A company’s environmental and social impact is becoming increasingly important to investors.

In this episode, Jeff Wildermuth, a portfolio strategist at Aris investment, a division of AssetMark*, joins Peter Raskin. Jeff shares the wide world of ESG investing, revealing how individuals can invest based on personal values. He also discusses the increasing desire for sustainable and ethical companies and shares how advisors are increasing their use of ESG rating systems when advising clients.

Jeff discusses:

What ESG investing is
Why sustainable investing has become important to investors
How advisors are using ESG investing within their services
The impact of taxes on different types of investment accounts
And more!

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Peter Raskin is a registered representative of Lincoln Financial Advisors.

*Not affiliated with Lincoln Financial Advisors.

73. Stewardship Checklist Tasks That Everyone Should Be Reviewing Annually

January 12, 2022Financial, Investments, RetirementAsset Management, Beneficiary Designations, Peter Raskin, Raskin Planning Group, Transfer on Death, Trusts, Wealth Is In The Details Podcastwealthisinthedetails

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You don’t want your assets going to the wrong place or person, right?

That’s why reviewing your financial accounts annually is important.

In this episode, Peter Raskin reviews stewardship checklist tasks that you should be reviewing annually. Peter teaches you how you can ensure your assets go to the places you want them to through various beneficiary designation options, including transfer on death.

Peter discusses:

What happens to assets when we pass away
Why probates should be avoided
Beneficiary designation options
How transfer on death works in your favor

Resources

29. Becoming a Good Steward of Your Finances with a Checklist

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Peter Raskin is a registered representative of Lincoln Financial Advisors.

72. ‘Tis The Season To Be Grateful

December 15, 2021Financial, Investments, RetirementAppreciation, Clients, Family, Gratitude, Holidays, Patience, Peter Raskin, Raskin Planning Group, Resiliency, Technology, Wealth Is In The Details Podcastwealthisinthedetails

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The holidays are filled with love, joy and gratitude. But those feelings shouldn’t only exist during the holidays—it’s important to be grateful year-round.

In this episode, Peter Raskin is joined by his team at Raskin Planning Group, Katherine, Alex, Brian and Connor. Each share what they are grateful for, both in their professional and personal lives. Peter discusses the importance of gratitude and how it can impact your daily life.

Peter discusses:

The importance of being grateful year-round
How gratitude can keep you focused on the present
What the team at Raskin Planning Group is grateful for
And more!

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Peter Raskin is a registered representative of Lincoln Financial Advisors.

71. Cash Is King

December 1, 2021Financial, Investments, RetirementCash, Contingency Plan, Emergency Fund, Financial Planning, Investments, Liquid Assets, Long Term, Peter Raskin, protection, Raskin Planning Group, Secure, Wealth Is In The Details Podcastwealthisinthedetails

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Storing money under your mattress may give you easy access to those funds, but it is also a far less secure saving strategy. Depositing your cash in the bank gives you access and security.

In this episode, Peter Raskin discusses the importance of liquidity and cash within your financial plan. He reveals how your cash is protected while in the bank and why you should maintain easily accessible assets in case of emergency. Peter shares options for saving your liquid assets, why you should consider avoiding risky investments despite their growth and the long term benefits of certain liquid assets.

Peter discusses:

How FDIC protects your cash
Which types of accounts and investments are considered liquid assets
Why you should not necessarily risk your assets for increased growth
The long-term impact of liquid assets
And more!

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Peter Raskin is a registered representative of Lincoln Financial Advisors.

70. Descending The Mountain Of Retirement

November 10, 2021Financial, Investments, RetirementFinancial Planning, Income, inflation, Peter Raskin, protection, Raskin Planning Group, Retirement Planning, sequence of return risk, Wealth Is In The Details Podcastwealthisinthedetails

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When creating your retirement plan, the income you set aside needs to last throughout your entire retirement. The most important step of your plan is protecting what you put aside.

In this episode, Peter Raskin discusses the importance of protecting your income during retirement. He reveals the importance of considering longevity, inflation and sequence of return risk when investing or retirement and how each impacts your retirement income.

Peter discusses:

What to consider when determining how long your retirement plan should last
The impact of inflation on your retirement income
The potential risk on your investments and how to avoid loss
The three sources of protected income
And more!

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Peter Raskin is a registered representative of Lincoln Financial Advisors.