When planning for retirement, most people think about the fun things they’ll do or the real estate they plan on buying. However, very few people plan for the worst — they typically don’t think about potential illness or other ailments — and their finances reflect that.
In this episode of Wealth Is in the Details Podcast, Peter Raskin discusses contingency planning for retirement, specifically long-term care.
In this episode, you will learn:
How to use Medicare alongside additional coverage to receive comprehensive health coverage in retirement
The difference between Medicare and Medicaid when it comes to custodial care
Why it’s important to consider contingency plans when saving for retirement
Why and when to have the tough conversations with your loved ones about planning for long-term care
And more!
Tune in now and start contingency planning with confidence!
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.
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
When it comes down to it, knowing where your money is going is essential for creating wealth. In this episode of Wealth is in the Details Podcast, Peter explains why he strongly recommends that his clients focus on the controllable spending in everyday life.
In this episode, you will learn:
Why knowing how much you spend on a daily basis is a critical step towards building wealth
About the importance of knowing how much you spend on non-essential purchases and calculating your retirement planning with that in mind
How to budget for vacation homes in retirement planning
Questions to ask yourself when planning for contingencies
The question you can only answer after you’ve looked at your cash flow
And more!
Tune in now and learn how to focus on what you can control!
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.
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
CRN-4097661-010522
Episode 9 – Charitable Planning Can Be a Win-Win-Win
If so, you’ll be happy to discover the many benefits that your donations can bring—not only to the receiver but to you and your family!
In today’s episode, Peter Raskin shares his expertise in charitable giving and how it can be a win-win-win for all involved.
In this episode, you will learn:
How you can make charitable contributions from your IRA (as long as you meet two requirements from the IRS)
About the advantages of using a tax-exempt irrevocable trust
Why you may want to consider taking out a life insurance policy if you’re concerned that your charitable giving will cost your children some of their inheritance
Why it’s important to work with a financial advisor if you’re planning large charitable contributions for an extended period of time
And more!
Tune in and learn how charitable giving can benefit you in your wealth journey!
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.
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
CRN-4097647-010522
Episode 8 – Financial Decision Making Isn’t Always Rational
Did you stop for coffee and breakfast this morning, and do you plan on grabbing a sandwich at a café for lunch? Have you considered how eating out every day could be taking a bite of your wallet?
In this episode, Peter Raskin explains how the small decisions we make can be consequential— and why financial decision making isn’t always rational.
In this episode, you will learn:
How confirmation bias can impact the stocks you buy, and why this isn’t necessarily a good (or bad) thing
Why the tendency to be overconfident in our own abilities can lead to irrational purchasing or decision-making
What hindsight bias is and why we seem to notice it in others before we notice it in our own financial behavior
How recent market events can create biases in our purchasing habits
And more!
Tune in now and learn how to recognize your biases (we all have them)!
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.
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
CRN-4097637-010522
Episode 7 – Tax Planning is a Year-Round Process – Part 4
A mini-series about year-round tax planning wouldn’t be complete without discussing investment tax management.
In part four, Peter Raskin discusses his investment tax management recommendations, including the advantages of capital gains and dividend tax rates. Then he dives into the ins and outs of stepped-up basis and gifting strategies.
In this episode, you will learn:
How to take advantage of gains (and losses) in the market to keep more of your overall financial portfolio
Why you shouldn’t sell your property if you are coming close to your life expectancy
How to know if you are a good fit for generational tax planning and swapping tax brackets
Why highly appreciated assets can be a good option for charitable giving
What a qualified charitable distribution is and how it can save you money in taxes
And more!
Tune in to learn about investment tax management and become better prepared for your wealth journey!
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.
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
CRN-4097665-010522
Episode 6: Tax Planning is a Year-Round Process – Part 3
In part three of his series, Peter Raskin discusses how asset location can make a difference in your tax plan. Don’t miss this opportunity to learn which strategies Peter uses to help his clients reach their wealth goals.
In this episode, you will learn:
About a case study in which a couple withdrew money from a traditional IRA but still managed to minimize their tax liability
How selling stocks at a loss can actually save you money in the long run (note: there are some limits to that!)
About Peter’s recommendations for choosing the right location for assets if you’re investing in a portfolio
The importance of timing and choosing when to take certain deductions
And more!
Tune in now and learn how to tax plan with clarity and confidence!
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.
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
CRN-4097667-010522
Episode 5 – Tax Planning as a Year-Round Process – Part 2
Wealth is a journey, and that journey lasts year-round.
In part two of his tax planning mini-series, Peter Raskin dives deeper into the year-round planning process of tax planning, highlighting his point of view on taxes and why he thinks they’re important.
In this episode, you’ll learn:
How the political landscape will affect taxes in the future, and how to prepare for that
What it means to defer taxes — and how to make it work for you and your savings goals
The possibility of tax-free sales and investments based on your state
How your needs and circumstances are the number one consideration in tax and retirement planning
And more!
Listen now to complete Peter’s two-part series about tax planning as a year-long process. Thank you for listening!
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.
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
CRN-4097654-010522
Episode 4 – Tax Planning as a Year-Round Process – Part 1
When many Americans think about tax planning, they think of tax season – a short-term process which lasts a couple months at most. However, in this episode of the Wealth is in the Details podcast, Peter Raskin explains how tax planning is really a year-round process.
In this episode, you’ll learn about:
The difference between tax evasion and tax avoidance, as told by Supreme Court Justice Louis Brandeis
Peter’s explanation in layman’s terms of marginal tax brackets
A couple advantages of owning common stocks
The importance of understanding the type of investment you are making and the amount of taxes you will owe on each
The importance of tax bracket planning during retirement
And more!
Tune in now to learn all about tax planning as a year-round process!
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.
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
CRN-3928412-112221
Episode 3: It’s All About the Relationships – Part 2
The initial analysis of a financial planning meeting is much like opening the hood of a car — you open it up to see what you’re working with, and you move forward from there.
In this second part of his planning process mini-series, Peter explains the team-based approach used by Raskin Planning Group — an approach where clients work with each and every team member thanks to their unique specializations.
In this episode, you’ll learn:
The inner workings of the Raskin Planning Group team
What a typical discovery meeting looks like
How the Raskin Planning Group makes sure everyone is on the same page
How the team ensures that the moves their clients make supports their personal financial goals
And more!
Check out this episode of the Wealth is in the Details podcast to hear all about the experience of being a client at Raskin Planning Group!
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.
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
