Tag: Estate Planning

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

Connect with Kendalynn Mowery:

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.

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!

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.
Why You Should Master Retirement Savings Strategies (Ep. 115)

Why You Should Master Retirement Savings Strategies (Ep. 115)

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Ever feel overwhelmed by the maze of retirement planning? 

You’re not alone. 

Join Peter Raskin as he ventures into the world of Individual Retirement Accounts (IRAs). Born from the Employee Retirement Income Security Act of 1974, IRAs are now a cornerstone of savvy financial planning. Peter navigates through the complexities of IRAs, covering everything from income taxes and investments to life expectancy and estate planning.

Key Highlights:

  • Traditional IRAs: Understanding their unique functions, the importance of earned income for contributions, and the implications of tax-deferred earnings
  • RMDs: Grasping the necessity of withdrawals from IRAs starting at age 73, and how these are calculated
  • IRA Deductibility: Decoding how participation in employer-sponsored plans and income levels affect your IRA’s tax benefits
  • Roth IRA Insights: Comparing Roth vs. traditional IRAs, exploring the advantages of Roth IRAs including tax-free withdrawals
  • The Pro Rata Rule: Navigating the complexities of the backdoor Roth IRA strategy and its potential tax implications
  • Innovative IRA Options: The groundbreaking 2024 feature allowing 529 plan conversions into Roth IRAs under specific conditions
  • And much 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.

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.

FEATURE
Nine Financial Resolutions: An Essential Checklist from a Financial Planner (Ep. 113)

Nine Financial Resolutions: An Essential Checklist from a Financial Planner (Ep. 113)

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Are you always thinking about reviewing your finances but never seem to get it done?

Join us in taking nine New Year’s Resolutions that will help you evaluate and organize your current financial situation.

As a financial planner, Peter Raskin shares nine financial resolutions that he will be working on in 2024, along with his family. His thought-provoking questions will empower you to navigate your financial journey with clarity and confidence.

Peter discusses:

  • An Essential Checklist for 2024
  • The importance of regular reviews — even if you already have a financial plan in place
  • Crucial conversations (that should not be delayed) with your partner and/or children
  • Personal anecdotes from his own financial journey

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.

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

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

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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)

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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.