63. The Monte Carlo Of Financial Planning

July 22, 2021Financial, Investments, Retirement, UncategorizedFinancial Journey, Financial Planning, Insurance, Peter Raskin, Portfolio, Raskin Planning Group, Risk Control, Wealth Is In The Details Podcastwealthisinthedetails

Podcast: Play in new window | Download | Embed

Creating a financial plan for retirement requires answers to what the future will bring. While we can’t predict what’s to come with one hundred percent accuracy, we can create adjustments during life’s journey to make an educated gamble.

In this episode, Peter Raskin discusses different factors to consider when creating your financial plan. Peter discusses an analytical tool used at Raskin Planning Group called the Monte Carlo simulation and how it could benefit your financial planning today and updates to future plans.

Peter discusses:

What the Monte Carlo simulation is
How the Raskin Planning Group leverages the Monte Carlo simulation to analyze and make adjustments to your optimal financial plan
The role of insurance when planning for uncertainty
The various ways that Monte Carlo simulation may impact your future planning adjustments
And more!

Connect with Peter:

CRN-3655981-070121

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.

62. Your Financial Plan And Your Nonprofit Involvement Aren’t So Different with Charles Gagnon

July 14, 2021Financial, Investments, Retirement, UncategorizedCEO, community involvement, nonprofit, Peter Raskin, Raskin Planning Group, Volunteers of America Massachusetts, Wealth Is In The Details Podcastwealthisinthedetails

Podcast: Play in new window | Download | Embed

Your financial plan is only as good as the different components it is made up of, similar to the way a nonprofit is only as good as the organizational structure.

In this episode, Peter Raskin is joined by Charles Gagnon, CEO of Volunteers of America Massachusetts. Charles leads the strategic vision and mission to build and benefit the community from the ground up, which he says is similar to building a holistic financial plan. Discover the importance of starting from the bottom to complete the plan you envision, for you and those you love.

Charles discusses:

The importance of conscientious budgeting for nonprofits
The importance of being smart and strategic when investing
The role of risk management in your financial planning
How each role plays an integral part in your financial plan
And more!

Resources

Episode 57 – Using Strategic Planning As A Tool To Grow Your Business – With Kevin Poland

Connect with Peter:

Raskin Planning Group: (617) 728-7433
Peter Raskin

Connect with Charles:

CRN-3655957-070121

Peter Raskin is a registered representative of Lincoln Financial Advisors.

61. The Five Biggest Financial Planning Mistakes Made During the Pandemic

June 30, 2021Financial, Investments, Retirement, Uncategorizedadvisor, COVID, Financial Planning, Peter Raskin, Planning, planning mistakes, Raskin Planning Group, Wealth Is In The Details Podcastwealthisinthedetails

Podcast: Play in new window | Download | Embed

As we begin to reopen, what have we learned about our financial plan during the pandemic? How will it mold our actions during the next crisis?

In this episode, Peter Raskin discusses the five biggest financial planning mistakes people made during the pandemic. He looks back at the lessons we all learned and how to be better prepared for this type of event in the future.

You will learn:

The five mistakes people made during the pandemic when it came to financial planning
How investments made out of emotion can create uncertainty
What factors you absolutely need to consider when creating a financial plan
The importance of updating your financial plan on a regular basis
And more!

Connect with Peter Raskin:

Raskin Planning Group: (617) 728-7433
LinkedIn: Peter Raskin

CRN-3646499-062421

Peter Raskin is a registered representative of Lincoln Financial Advisors.

60. Planning Today For The Needs Of The Future – with Abe Shtulsaft

June 16, 2021Financial, Investments, Retirement, UncategorizedBusiness Owner, Business Owners, Finance, Financial, Financial Advisor, Investments, Peter Raskin, Planning, Raskin Financial Group, Wealth, Wealth Is In The Details, Wealth Is In The Details Podcast, Wealth Managementwealthisinthedetails

Podcast: Play in new window | Download | Embed

Good financial planning takes into account all possibilities, even the possibilities that you don’t want to consider.

In this episode, Peter Raskin is joined by Abe Shtulsaft, director of planning at Lincoln Financial Advisors. Peter and Abe discuss special needs and disability planning and the potential planning struggles faced by families in these situations.

Abe discusses:

The definition of special needs and disabilities planning and why it’s important to plan
The necessity of including the entire family in the planning process
The financial challenges families with special needs individuals face
How children with special needs can experience independence
And more!

Discover the struggles of planning financially for those with current and future special needs and disabilities with Abe Shtulsaft!

Resources:

Raskin Planning Group: (617) 728-7433 | Peter Raskin | Lincoln Financial Advisor

CRN-3631445-061421

Peter Raskin is a registered representative of Lincoln Financial Advisors.

59. Investment Gains, Losses And The Taxes Between

June 2, 2021Financial, Investments, Retirement, UncategorizedBusiness Owner, Business Owners, Finance, Financial, Financial Advisor, Investments, Peter Raskin, Planning, Raskin Financial Group, Wealth, Wealth Is In The Details, Wealth Is In The Details Podcast, Wealth Managementwealthisinthedetails

Podcast: Play in new window | Download | Embed

Not everyone enjoys tax planning, but it’s important to remember that the benefits earned through preparedness are enjoyable for all.

In this episode, Peter Raskin discusses the role of taxes within financial planning. He discusses the different types of investments, how each is taxed and the role they play in your overall portfolio.

You will learn:

The difference between tax-deferred and tax-free
The three income attributes of any type of investments
Why you might sell a stock at a loss—and the potential advantages of doing so
How mutual funds work and how they’re taxed
And more!

Discover how taxes could provide benefits for gains and losses in this episode of Wealth Is In The Details Podcast!

Resources:

Raskin Planning Group: (617) 728-7433 | Peter Raskin |

CRN-3594396-051721

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Episode 58 – What It’s Like To Own, Run, and Manage A Construction Company – With Jeff McLinden

May 19, 2021Financial, Investments, Retirement, UncategorizedBudget, Client Experience, Construction, Education, Peter Raskin, Process, Raskin Planning Group, Remodeling, Strengths, Weaknesses, Wealth Is In The Details Podcast, Word of Mouthwealthisinthedetails

Podcast: Play in new window | Download | Embed

It’s no secret that our kitchens and bathrooms constantly need improvements and upgrades, and JM Construction’s Jeff McLinden is here to help.

In this episode, Peter Raskin sits down with Jeff McLinden, owner of JM Construction, a small high-end remodeling company based in Framingham, Massachusetts. Jeff shares his company’s perspective around proprietorship, management, and homeowner-related recommendations and services.

You will learn:

JM Construction’s strengths and weaknesses
How the firm’s honest communication and client education can positively impact a client’s overall remodeling experience
The top four things homeowners should do as they start a remodeling process
How word of mouth has contributed to JM Construction’s growth
And more!

Listen today to find out everything you need to know about JM Construction and how it functions from an owning and managing standpoint to a homeowner’s standpoint!

Resources:

CRN-3575458-050321

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Episode 57 – Using Strategic Planning As A Tool To Grow Your Business – With Kevin Poland

April 21, 2021Financial, Investments, Retirement, UncategorizedCore Ideology, Emotions, Exit Planning, Future, Kevin Poland, Long Term, Peter Raskin, Raskin Planning Group, Short Term, Strategic Planning, Succession Planning, SWOT Analysis, The Renaissance Group, Wealth Is In The Details Podcastwealthisinthedetails

Podcast: Play in new window | Download | Embed

The Renaissance Group’s one-page strategic plan is all about helping business owners build a great business and live a great life.

In part two of this two part series, Peter Raskin sits down once again with The Renaissance Group’s Kevin Poland to address everything surrounding strategic planning so that you too can start outlining future goals.

You will learn:

Why you should build a one-page strategic plan as a way to define the future of your business
The importance of balancing long and short term business projects
How strategic planning overlaps with succession and exit planning
The emotional factor of strategic planning
And more!

Tune in today to discover the relevance of putting a strategic plan in place – and the many reasons why you and your team should revisit and revise it on a regular basis.

Resources:

CRN-3537923-040721

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Episode 56 – Invest In Yourself, And Hire a Coach – With Guest Kevin Poland

April 7, 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

Podcast: Play in new window | Download | Embed

The Renaissance Group provides advice and guidance to businesses that are ready to build a great business and live a great life.

In this episode, Peter Raskin sits down with his former business coach, Kevin Poland from The Renaissance Group. Today, Kevin addresses his organization’s coaching and consulting model designed to help you develop the mindset, strategies, and skills you need to achieve your entrepreneurial dream.

In this episode, you will learn:

Leadership and management skills: The Renaissance Group’s consulting and coaching approach for small businesses
Time, money, and people: What firm problems can professionals like Kevin solve
How Kevin got into the coaching business
Success stories: How Kevin and his team at The Renaissance Group have helped organizations build great businesses
When is time to hire a coach: Kevin’s advice
And more!

Listen today to find out everything you need to know about the process of business coaching with The Renaissance Group!

CRN-3511091-032621

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Episode 55: The Difference Between “Live On” and “Leave On” Assets

March 24, 2021Financial, Investments, Retirement, UncategorizedBeneficiaries, Business Owner, Exit, Finance, Financial, Financial Advisor, Income, Investments, Leave On, Life Insurance, Live On, Peter Raskin, Planning, Raskin Financial Group, Raskin Planning Group, Retire, Retirement, Social Security, Succession, Taxes, Wealth, Wealth Is In The Details, Wealth Is In The Details Podcast, Wealth Managementwealthisinthedetails

Podcast: Play in new window | Download | Embed

Most of you have been working for a long time, and as a result, have become good savers.

However, at some point in life, you will retire, rely upon the wealth you built, and eventually pass down everything you have to someone or something you care about.

While preparing your assets to be passed on, it’s critical to consider which will be “live on” assets, and which will become “leave on.” Find out how to do this in this episode, as Peter Raskin helps you understand the difference between these types of assets and the planning-related factors you must consider with each.

In this episode, you will learn:

Tax considerations associated with retirement-related “live on” assets
Why and how to protect “live on” assets
Why life insurance can be a helpful vehicle when leaving wealth to your beneficiaries or heirs
Updating estate planning documents and wills as part your legacy planning process
And more!

Tune in today and find out how taxes and planning differ depending on the assets you’ll be transferring!

Resources: Raskin Planning Group | Podcasts | Resources | Peter Raskin

CRN-3488798-031121

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Episode 54: How to Design and Implement Your Estate Plan – With Brett Kaufman

March 10, 2021Financial, Investments, Retirement, UncategorizedAssets, Charity, Designations, Estate Planning, Mistakes, Peter Raskin, Probate, Raskin Planning Group, Wealth Is In The Details Podcastwealthisinthedetails

Podcast: Play in new window | Download | Embed

You’ve worked hard on creating an estate plan that will transfer your wealth and values to those you love. However, if not appropriately implemented, all that hard work could go to waste.

To help you learn the steps that will help you to properly carry out your estate plan, Peter Raskin sits down with Brett Kaufman for today’s episode. As an estate planning and tax attorney, Brett offers his expertise in the estate planning arena to help you better understand the estate planning, design, and execution process.

In this episode, you will learn:

Four ways assets can be transferred
Why you should be regularly reviewing ownership and beneficiary designations
Common mistakes that can affect your estate plan
Tax considerations for charity-related estate planning
And more!

Tune in and discover everything you need to know to maximize your estate plan!

Resources: Raskin Planning Group | Peter Raskin: (617) 728-7433 | Schlossberg, LLC | Brett Kaufman: (781) 848-5028 | Resources: Estate Planning Roadmap (not available yet)

CRN-3460223-021921

Peter Raskin is a registered representative of Lincoln Financial Advisors.