Episode 50 – Growing Your Business for Your Exit – With John Leonetti

January 20, 2021Financial, Investments, Retirement, UncategorizedBusiness Exit, Business Owners, Exit Planning, Growth Planning, Peter Raskin, Preparation, Professionals, Raskin Planning Group, Small Business Owners, Wealth Is In The Details Podcastwealthisinthedetails

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Business owners often need to grow the value of their business to satisfy their lifestyle post-exit. This can be achieved through thoughtful growth planning.

In this episode, Peter Raskin welcomes Pinnacle Equity Solutions’ John Leonetti to discuss the concept of growth planning. They discuss important considerations for business owners looking to grow their business for their exit and explain why growth planning is not just about maximizing revenue.

In this episode, you will learn:

What your mental readiness might look like when exiting your business
Three preparation stages to help you ready for your exit
How John’s checkers and chess analogy relates to business value growth
Professionals who can help ready-to-exit business owners
And more!

Tune in and discover how a strategic growth plan can help you organize and plan a successful business exit!

Resources: Raskin Planning Group | Peter Raskin | (617) 728-7433 | Pinnacle Equity Solutions | The International Exit Planning Association

CRN-3388962-010421

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 not an affiliate 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.

Episode 49 – A Deep Dive into Employee Stock Ownership Plans (ESOP) – With Guest Richard Glassman

January 6, 2021Financial, Investments, Retirement, UncategorizedBusiness Owner, Exit, Finance, Financial, Financial Advisor, Investments, Peter Raskin, Planning, Raskin Financial Group, Raskin Planning Group, Retire, Retirement, Succession, Wealth, Wealth Is In The Details, Wealth Is In The Details Podcast, Wealth Managementwealthisinthedetails

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An Employee Stock Ownership Plan, also known as ESOP, is the most common form of employee ownership in the United States.

In this episode, Peter Raskin is joined by Rich Glassman, a partner at ESOP Plus. Rich discusses the different implications of ESOPs while explaining how these plans are a “win-win game” for business owners and their employees.

In this episode, you will learn:

What an ESOP is and how it works
Why business owners should consider ESOPs, and how it relates to their readiness to exit their business
The role of taxes when it comes to ESOPs
How clients can walked away with significant retirement accounts thanks to ESOPs
And more!

Tune in to learn the benefits of ESOPs for business owners and their employees!

Resources: Raskin Planning Group | Peter Raskin | ESOP Plus | (860) 916-3287 (Richard Glassman)

CRN-3386520-123020

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Episode 48 – Health Insurance For Small Businesses – With Guest Patrick Mccullom

December 16, 2020Financial, Investments, Retirement, UncategorizedBusiness Owner, Exit, Finance, Financial, Financial Advisor, Investments, Peter Raskin, Planning, Raskin Financial Group, Raskin Planning Group, Retire, Retirement, Succession, Wealth, Wealth Is In The Details, Wealth Is In The Details Podcast, Wealth Managementwealthisinthedetails

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Health insurance and coverage is absolutely vital in American society. But it affects individuals and business owners at different levels, and it can be tricky to maneuver.

In this episode, Peter Raskin is joined by Balanced Benefits Group president and owner Patrick Mccullom to discuss the cost of healthcare coverage for small businesses across the country, and how this is often a burden for both employers and employees.

In this episode, you will learn:

How legislation and prescription medication influence health insurance costs
Pros and cons of employers offering health insurance to their employees
The difference between HSA, HRA, and FSA accounts
The importance of a broker’s “neutral voice” when making carrier changes
And more!

Tune in as Patrick Mccollum discusses all things health insurance for small businesses!

Resources: Raskin Planning Group | Patrick Mccullom

CRN-3361762-120820

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Episode 47 – What is Your Business Worth? — With Chris Mellen

December 4, 2020Financial, Investments, Retirement, UncategorizedBusiness Owner, Exit, Finance, Financial, Financial Advisor, Investments, Peter Raskin, Planning, Raskin Financial Group, Raskin Planning Group, Retire, Retirement, Succession, Wealth, Wealth Is In The Details, Wealth Is In The Details Podcast, Wealth Managementwealthisinthedetails

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Over the years, Raskin Planning Group has developed a process to help small business owners exit their business on their terms.

One major part of this planning process is understanding the factors that are involved in determining and appraising the value of business owners’ most important and largest asset, their business.

In this episode, Peter sits down with Chris Mellen, managing director of Valuation Research Corporation. Chris shares some of his expert advice on business valuation and appraisals and breaks down what every business owner should know about the value of their business.

In this episode, you will learn:

Why business owners typically underestimate risk
The 3 main buckets of business valuation
How economic shifts affect valuation
4 external factors that drive the benefit of gifting shares
And more!

Tune in to now to discover everything you need to know about the value of your business!

Resources: Raskin Planning Group: (617) 728-7433 | peter.raskin@lfg.com | Valuation Research Corporation: (781) 501-1382 | Chris Mellen on LinkedIn

CRN-3353771-120220

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

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Episode 46 – How to Prepare Your Successor Before Exiting Your Business – With Abby Donnelly

November 18, 2020Financial, Investments, Retirement, UncategorizedBusiness Owner, Exit, Finance, Financial, Financial Advisor, Investments, Peter Raskin, Planning, Raskin Financial Group, Raskin Planning Group, Retire, Retirement, Succession, Wealth, Wealth Is In The Details, Wealth Is In The Details Podcast, Wealth Managementwealthisinthedetails

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To hand off your business to a successor who will keep leading with similar values and goals, you need a strategic succession plan that aligns with the skills, experience, and capabilities of your business.

In this episode of The Wealth Is In The Details, Peter Raskin welcomes the Leadership & Legacy Group’s Abby Donnelly to explore the succession planning process. Abby breaks down her process for helping business owners prepare to hand off their business and reveals the tools and strategies that can help you exit your company.

In this episode, you will learn:

About the Donnelly Method for succession and exit planning
The emotional aspect of the succession and exit process
How a business owner’s identity can impact their business
The difference between a business succession planning and an exit strategy
And more!

Join Peter and Abby now and discover the importance of starting your succession plan today!

Resources: Raskin Planning Group | Abby Donnelly | Leadership & Legacy Group | Resources | 336-458-9939

CRN-3324602-111020

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Episode 45 – Exit Strategies for Business Owners

November 4, 2020Financial, Investments, Retirement, UncategorizedFinance, Financial, Financial Advisor, Investments, Peter Raskin, Raskin Financial Group, Raskin Planning Group, Retire, Retirement, Wealth, Wealth Is In The Details, Wealth Managementwealthisinthedetails

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Choosing to leave your business can be a difficult decision, but is one that must ultimately be made.

Today, Peter Raskin discusses exit strategies for small business owners. He dives into the financial and mental struggle that can come when choosing to leave, and reveals how planning for your exit early can both guide and improve your business.

In this episode, you will learn:

How exit planning can benefit your business
The importance of planning for uncertainty
Why you should prepare mentally and financially for your exit
How potential buyers evaluate the value of your business
And more!

Join Peter now to learn exit strategies that will help you leave your business on your terms when the time comes!

Resources: Raskin Planning Group: (617) 728-7433 ❘ peter.raskin@lfg.com

CRN-3251261-092220

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

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Episode 44 – Election Season: The Correlation Between Markets and Government Policies

October 26, 2020Financial, Investments, Retirement, Uncategorized10 Truths, Finance, Financial, Financial Advisor, Invesco, Investments, Market, Peter Raskin, Politics, Raskin Financial Group, Raskin Planning Group, Retire, Retirement, Wealth, Wealth Is In The Details, Wealth Is In The Details Podcast, Wealth Managementwealthisinthedetails

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With election season upon us, many Americans are anticipating what’s to come from the 2020 presidential election — and what the election and its resulting presidency could mean for the markets.

In this episode, join Peter Raskin as he debunks the common belief that markets are influenced by politicians and their policies. Peter breaks down ten reasons why there isn’t any correlation between markets and politics and shares what you should keep in mind when managing your investments through this election.

In this episode, you will learn:

Why neither party can claim superior economic market performance
Why you shouldn’t confuse partisan politics with market analysis
Reasons why investors are better off staying fully invested
Why predictions are irrelevant tools for politics and the market
And more!

Tune in now as Peter highlights the importance of planning your financial future no matter who the president is or which party controls Congress!

Resources: Raskin Planning Group | Resources | Peter Raskin | 10 Truths About Presidential Elections and the Stock Market

CRN-3290987-101920

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Episode 43 — Home Is Where The Heart Is — With Amy Roberts

September 23, 2020Financial, Investments, Retirement, UncategorizedFinance, Financial, Financial Advisor, Investments, Peter Raskin, Raskin Financial Group, Raskin Planning Group, Retire, Retirement, Wealth, Wealth Is In The Details, Wealth Managementwealthisinthedetails

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From selling your home to packing up and settling into your new house, moving can be an incredibly stressful experience.

But what if someone could help make your move a little easier?

In this episode, Peter Raskin welcomes Out of the Box Moves’ Amy Roberts. Together, they discuss the most stressful parts of the moving process and how moving management companies can help ease the process — both physically and emotionally.

In this episode, you will learn:

About the emotional side of moving
How to make decisions about what to keep with you during your move
How Out of the Box Moves helps clients move into their new homes
Ways items are sorted during the moving process
And more!

Tune in now and discover how a move management company can help you with your next move!

Resources: Raskin Planning Group ❘ Out of the Box Moves ❘ Episode 31: The Art of Downsizing in Boston— With Deborah Lucci

CRN-3241246-091420

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

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Episode 42 — Lives Well-Lived and Well-Planned

September 9, 2020Financial, Investments, Retirement, UncategorizedFinance, Financial, Financial Advisor, Investments, Peter Raskin, Raskin Financial Group, Raskin Planning Group, Retire, Retirement, Wealth, Wealth Is In The Details, Wealth Managementwealthisinthedetails

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As a financial planner, Peter Raskin has the privilege of accompanying families on their journey through life. He also has the pleasure of seeing first-hand how comprehensive financial planning can enhance a family’s life.

Today, Peter Raskin highlights how planning can lead to well-lived lives. He reveals why and how some people become millionaires without the flashy cars and large houses and recounts the story of one man who became a millionaire through smart financial decisions and consistent savings.

In this episode, you will learn:

The difference between an under accumulator and a prodigious accumulator of wealth
Why millionaires tend to accumulate wealth
How a comprehensive financial plan can help you achieve a well-lived life
The benefits of a balanced portfolio
And more!

Tune in now to discover how your financial plan can help you achieve a well-lived life!

CRN-3218224-082620

Raskin Planning Group ❘ The Millionaire Next Door by Thomas J Stanley

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 provider with any questions you may have regarding your investment planning.

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Episode 41— 5 Reasons Why You Should be Reviewing Your Plan Annually

August 26, 2020Financial, Investments, Retirement, UncategorizedFinance, Financial, Financial Advisor, Investments, Peter Raskin, Raskin Financial Group, Raskin Planning Group, Retire, Retirement, Wealth, Wealth Is In The Details, Wealth Managementwealthisinthedetails

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When was the last time you reviewed your financial plan?

In this episode, Peter Raskin reveals why he recommends reviewing financial plans each year. He also shares what you should be considering when reviewing your plan and the adjustments your plan may require as you progress through life’s changes.

In this episode, you will learn:

The benefits of working with an advisor on your plan
Why you should review your plan annually
Whether you can truly have a “perfect” plan
Why you should be making adjustments to your plan along the way
And more!

Tune in now to discover 5 reasons you should review your financial plan!

CRN-3206905-081820

Resources: Raskin Planning Group: (617) 728-7433 ❘ Email

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Lincoln Financial Advisors does not provide tax planning but offers tax reduction strategies as part of Financial Planning Services.