Month: December 2024

FEATURE
Planning for the Future: Life Insurance as a Tool for Security and Legacy (Ep. 130)

Planning for the Future: Life Insurance as a Tool for Security and Legacy (Ep. 130)

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Life insurance is more than a financial product—it’s a way to express love and care for your family and future.

How can life insurance provide stability in uncertain times? How does it evolve with your goals throughout life?

In this episode,  Peter Raskin discusses the essential role of life insurance in creating wealth, liquidity, and a legacy for loved ones. He explains how it protects families, pays off debts, and adapts to evolving financial needs over a lifetime.

Peter discusses:

  • Using life insurance to create financial security for families, covering mortgages, education, and income replacement
  • The importance of applying for life insurance early, while in good health, to secure better premiums and coverage
  • The distinction between term and permanent life insurance, and how each serves different financial goals
  • How life insurance can cover estate taxes and long-term care costs, offering a sense of financial security for heirs
  • Personal examples of adapting life insurance strategies to align with changing life stages, goals, and charitable giving
  • And more!

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Schedule Time with Peter

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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.

Securities and investment advisory services offered through Osaic FA, Inc., member FINRA/SIPC. Osaic FA is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic FA.

Osaic FA, Inc. and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances.

FEATURE
Understanding Trusts: An Essential Tool in Estate Planning (Ep. 129)

Understanding Trusts: An Essential Tool in Estate Planning (Ep. 129)

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What’s the best way to protect and transfer wealth across generations?

In this episode of Wealth Is In The Details, host Peter Raskin welcomes Kendalynn Mowery from Premier Trust Company to explore the intricacies of trust planning. 

Trusts can be a powerful tool in estate planning, offering more flexibility and protection than a traditional will, especially in wealth transfer across generations. Whether you’re considering lump sum or periodic disbursements, Kendalynn explains why trusts are not just for the wealthy or those concerned about beneficiaries’ spending habits. 

With insights into the diverse types of trusts, including special needs, revocable, and charitable trusts, this episode is a must-listen for anyone looking to safeguard their family’s financial future.

They discuss:

  • An overview of what a trust is and its dual role in wealth management 
  • The various types of trusts and their suitability for different needs
  • The process and considerations in selecting a trustee, including the role of a corporate trustee 
  • Why Nevada is a favorable state for trust administration
  • And more!

Resources

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Connect with Peter: 

Schedule Time with Peter

CRN-7427415-121024

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.

Securities and investment advisory services offered through Osaic FA, Inc., member FINRA/SIPC. Osaic FA is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic FA.

Osaic FA, Inc. and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances.

FEATURE
Proactive Year-End Financial Planning for 2024 (Ep. 128)

Proactive Year-End Financial Planning for 2024 (Ep. 128)

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The end of the year brings a crucial opportunity to review and optimize financial plans. 

 

In this episode of The Wealth Is In The Details Podcast, Peter Raskin dives into year-end financial planning strategies to keep you ahead of the curve. 

Understanding your tax brackets, planning for capital gains and losses, and utilizing charitable contribution strategies are pivotal in managing your finances efficiently. 

Whether you’re dealing with capital gains, preparing for retirement, or ensuring your estate plan is in order, there’s actionable advice for everyone looking to secure their financial future.

Peter discusses:

  • Tactics to strategically manage capital gains and losses to optimize your tax situation
  • The importance of understanding tax brackets and how they influence your financial planning
  • Effective approaches to charitable planning and how they can impact your overall tax strategy
  • The implications of IRMAA on your Medicare premiums and how to manage income triggers effectively
  • And more!

Connect with Peter: 

Schedule Time with Peter

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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.

Securities and investment advisory services offered through Osaic FA, Inc., member FINRA/SIPC. Osaic FA is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic FA.

Osaic FA, Inc. and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances.