Category: Retirement

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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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!

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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
What Keeps Clients Up at Night? (Ep. 127)

What Keeps Clients Up at Night? (Ep. 127)

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Financial planning isn’t just about numbers; it’s about addressing the real-life concerns that keep clients awake at night.

How do we help clients navigate personal challenges while ensuring their financial stability? What are the most pressing issues clients face today?

In this episode of The Wealth Is In The Details podcast, Peter Raskin shares insightful stories from his clients’ wealth journeys, revealing what truly matters to them and how detailed planning can provide peace of mind. 

You’ll learn why clients focus on personal, impactful conversations rather than market fluctuations or global events, and how year-round tax planning can offer confidence in uncertain times.

Peter discusses:

  • Personal anecdotes around health challenges and financial strategies
  • The importance of updating estate planning documents in light of new legislation
  • Strategies for gifting and charitable donations
  • Handling unexpected windfalls and planning for early retirement
  • 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.

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
How to Incorporate Charitable Giving into Your Financial Plan (Ep. 126)

How to Incorporate Charitable Giving into Your Financial Plan (Ep. 126)

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Are you maximizing the tax benefits of your charitable donations?

In this episode of Wealth Is In The Details, Peter Raskin dives into the topic of charitable giving, exploring how to frame philanthropy within your financial plan. Learn about the three types of givers and discover tax-efficient strategies such as donor-advised funds and charitable remainder trusts. Peter shares insightful case studies to illustrate how tailored charitable planning can align with both your philanthropic and financial goals. Whether you’re new to philanthropy or looking to enhance your giving strategy, this episode offers valuable tips for everyone.

Tune in to learn how strategic philanthropic contributions can enhance your giving and reduce your tax liabilities.

Peter discusses:

  • The different motivations behind charitable giving—from personal satisfaction to tax benefits
  • How donor-advised funds can simplify and optimize your charitable contributions
  • The tax advantages of qualified charitable distributions from retirement accounts
  • How to involve your family in philanthropic planning, fostering a legacy of giving
  • 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.

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
How Upcoming Tax Changes Could Impact Your Finances (Ep. 125)

How Upcoming Tax Changes Could Impact Your Finances (Ep. 125)

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Are you ready to navigate the potential tax changes on the horizon?

Understanding how upcoming tax law changes can impact your financial plan is critical! Get ahead of these changes with proactive planning.

In this episode of Wealth Is In The Details, Peter Raskin discusses the implications of upcoming tax law changes and how they might impact your financial planning strategies. He explores the nuances of the Tax Cut and Jobs Act of 2017, scheduled changes in 2026, and provides advice on how to prepare wisely. Tune in to understand the importance of working with financial professionals and gain insights into proactive tax planning.

Peter discusses:

  • How the sunset of the Tax Cut and Jobs Act of 2017 could alter tax brackets and deductions
  • The potential impact on federal estate taxes and high-net-worth individuals
  • Why it’s important for us to time our income and deductions ahead of 2026 changes
  • Collaborating with accountants and financial planners to navigate tax law complexities

Resources

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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
Planning Your Summer Travels? Don’t Miss These Brewery Tips! with Hal Mooney (Ep. 124)

Planning Your Summer Travels? Don’t Miss These Brewery Tips! with Hal Mooney (Ep. 124)

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Ever wondered if all dark beers are heavy or if beer really should be served ice cold? Let’s debunk these myths and dive deep into the rich world of beer with certified expert Hal Mooney!

In this episode of Wealth Is In The Details, Peter Raskin speaks with professional beer taster and co-founder of Your Beer Friend Hal Mooney to unravel common misconceptions about beer and explore the diverse landscape of the craft beer industry. Discover the truth about dark beers, the wide variety of lagers, and how the US beer scene competes on a global scale. Whether you’re a casual drinker or a beer aficionado, you’ll gain surprising insights that make your next sip even more enjoyable.

Peter and Hal discuss:

  • What it means to be a certified cicerone
  • 10 common myths about beer that you never knew were false
  • The versatility of lagers and IPAs
  • Some of the best ways to enjoy your beer, from temperature to packaging
  • And more!

Resources

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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
Financial Planning Rules of Thumb (Ep. 123)

Financial Planning Rules of Thumb (Ep. 123)

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Are financial rules of thumb guiding your journey to wealth? Discover why these shortcuts might not work as well as you think and how personalized strategies can make all the difference.

Today on Wealth Is In The Details, Peter Raskin debunks common financial planning rules of thumb, from “safe distribution rates” to “tax deferral.” He explains why these generalized strategies can be risky and teaches how tailored advice offers better clarity and confidence. Tune in to explore effective financial planning strategies rooted in professional insight rather than shortcuts.

Peter discusses:

  • Why fixed withdrawal rates from your portfolio may not account for unexpected expenses and market volatility
  • When paying taxes now could be more beneficial than deferring them to a later date
  • How taking more investment risks doesn’t always equate to higher returns
  • The importance of personalized financial advice to navigate complex decisions effectively

Tune in for practical insights that go beyond one-size-fits-all financial rules.

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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.
The Bucket: Living Fully and Avoiding Regrets with David Abend (Ep. 122)

The Bucket: Living Fully and Avoiding Regrets with David Abend (Ep. 122)

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Want to live life with no regrets and embrace your mortality as a catalyst for fulfillment?

Today on Wealth Is In The Details, Peter Raskin welcomes his longtime friend David Abend, co-founder of The Bucket, about transforming deathbed regrets into a life well-lived. David shares his journey from advertising to co-founding The Bucket, a community focused on helping individuals lead more fulfilling lives by confronting their mortality. Learn how mortality can act as a powerful motivator to rethink priorities, embrace joyful experiences, and live authentically.

David discusses:

  • The Bucket’s mission to help people reduce or eliminate deathbed regrets
  • Calculating your “bucket age” to get a new perspective on how many years you have left and use this knowledge to live more purposefully
  • How focusing on personal authenticity can help you avoid common life regrets
  • The Bucket’s available resources, including a wealth of how-to articles, interviews, and podcasts to guide you in making meaningful life changes
  • And more!

 

Resources:

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About Our Guest:

David Abend is the co-founder and editor-in-chief of The Bucket and has a passion for helping people see the world in a different way – a talent he honed from decades of work as an advertising creative director and copywriter. He has worked at some of the world’s leading agencies including Digitas, Hill Holiday, Arnold Worldwide, and Mullen-Lowe on noteworthy brands such as Reebok, New Balance, Stanley Tools, Fidelity, Titleist, InterContinental Hotels Group (IHG), and AARP. With The Bucket, David seeks to achieve the ultimate marketing challenge – the rebranding of death – by getting people to see how embracing mortality can help them live a more fulfilling life. David is also a Certified Life Coach.

 

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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.

The information covered and posted represents the views and opinions of the guest and does not necessarily represent the views or opinions of Osaic FA. The content has been made available for informational and educational purposes only. The content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor 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 and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances.

FEATURE
Why Cash Might Not Be King: Understanding Investment Risks (Ep. 121)

Why Cash Might Not Be King: Understanding Investment Risks (Ep. 121)

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Could keeping your money in cash actually be risky?

In this episode of Wealth Is In The Details, Peter Raskin delves into the commonly overlooked risks associated with holding cash or cash equivalents like CDs and US Treasuries. He tackles the misconception that cash is the safest investment, breaking down the concepts of liquidity, inflation risk, and how different types of investments align with your financial goals. Listen in and uncover the importance of aligning your investment choices with both your long-term and short-term objectives, and why simply stashing your cash might not always be the best strategy.

Peter discusses:

  • Exploring the true meaning of cash and cash equivalents
  • Unpacking the multifaceted nature of risk, especially when it comes to cash investments
  • The impact of inflation over time on the purchasing power of your cash holdings
  • Investment attributes and how to match them with your financial goals
  • 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 Osaic FA, Inc./Osaic FA.

Securities offered through Osaic FA, Inc./Osaic FA, a broker/dealer. Member SIPC. Investment advisory services offered through Osaic FA, Inc./Osaic FA, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Osaic FA, Inc./Osaic FA.

Osaic FA, Inc./Osaic FA 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.

FEATURE
Understanding the Risks at the Top of Your Financial Planning Pyramid (Ep. 120)

Understanding the Risks at the Top of Your Financial Planning Pyramid (Ep. 120)

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Are you ready to navigate the complexities of financial planning across different stages of your life?

Today on Wealth Is In The Details, Peter Raskin dives deep into the structure of the financial planning pyramid, an invaluable tool that illustrates the key phases of financial planning from establishing to distributing wealth. Understanding this pyramid is crucial for anyone looking to build a stable financial future. His discussion, inspired by David Pierce’s article in the Journal of Financial Service Professionals, sheds light on the unique financial planning challenges and risks at different life stages, offering insights into how best to address them. Whether you’re just starting out or looking into retirement planning, this episode is packed with expert advice and the importance of professional guidance.

Peter discusses:

  • The foundation of financial planning and the importance of establishing wealth early on
  • Strategies for building wealth, including investment and insurance considerations
  • Preserving wealth through mindful spending and investment risk management as we approach middle-age
  • Distributing wealth efficiently, considering the complex landscape post-retirement, including healthcare costs and estate planning

Tune in to uncover strategies for navigating your financial planning journey at every life stage.

Resources

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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 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.