Tag: Financial Planning

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Managing Life Transitions Through Financial Planning (Ep. 145)

Managing Life Transitions Through Financial Planning (Ep. 145)

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Life can change quickly, and those shifts often leave us reassessing what matters most.

Moments of uncertainty can feel heavy, yet they also open space for renewed direction. Thoughtful planning gives structure to those moments and helps guide steady decisions.

In this episode, Peter Raskin reflects on the many transitions clients experienced this year and how planning supports clarity through change. He shares real examples of families dealing with retirement questions, concentrated stock positions, charitable goals, and market anxiety. Peter highlights how planning offers direction, keeps people grounded, and creates a path forward no matter what life brings.

Peter discusses:

  • A couple juggling income, debt, and a large concentrated stock holding while seeking financial clarity
  • How retirement plans and Social Security timing can shape long-term outcomes
  • Strategies for using charitable gifts, donor-advised funds, and qualified charitable distributions
  • Guiding a retiree who feels pressure from market headlines and fears about volatility
  • Why revisiting a financial plan builds confidence during uncertain periods
  • And more!

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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.

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

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

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Making Sense of Medicare: What You Need to Know Before Open Enrollment Ends (Ep. 144)

Making Sense of Medicare: What You Need to Know Before Open Enrollment Ends (Ep. 144)

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Turning 65 comes with many decisions, and few are as important or confusing as Medicare. 

Between Parts A, B, D, Medigap, and Advantage plans, it’s easy to feel overwhelmed by choices and costs.

In this episode, Peter Raskin explains how Medicare works, what each part covers, and how to make informed decisions during open enrollment. He breaks down the differences between Medigap and Medicare Advantage, highlights how income can affect premiums, and shares tips for staying flexible as your health or lifestyle changes.

Peter discusses:

  • The basics of Medicare Parts A, B, and D, and what they actually cover
  • The difference between Medigap and Medicare Advantage plans, and how to decide which is right for you
  • How the open enrollment period from October 15 to December 7 allows changes to plans and coverage
  • How IRMAA (Income-Related Monthly Adjustment Amount) can increase premiums based on income
  • Why reviewing your coverage annually is key to keeping up with life changes, travel, and evolving health needs
  • And more!

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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.

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

Osaic Wealth, Inc. and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances.
Financial Realities of Later-Life Marriages (Ep. 138)

Financial Realities of Later-Life Marriages (Ep. 138)

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Love and finances often intertwine in unexpected ways, especially in later-life marriages. 

From tax strategies to estate planning, every decision reflects a delicate balance between personal connection and practical considerations.

In this episode, Peter Raskin explores the unique financial challenges faced by older couples tying the knot. With stories and strategies, Peter offers guidance to help navigate the complex decisions surrounding later-life marriages.

Peter discusses:

  • Strategies for managing joint and individual financial goals in later-life marriages
  • The impact of tax planning on marriage decisions, including joint filing benefits
  • Important insurance considerations, from health coverage to long-term care
  • Social Security benefits and how marital status changes eligibility and payouts
  • Estate planning priorities, including prenuptial agreements and beneficiary designations
  • And more!

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Schedule a Time with Peter Raskin:

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 Wealth, Inc., member FINRA/SIPC. Osaic Wealth is separately owned, and other entities and/or marketing names, products, or services referenced here are independent of Osaic Wealth.

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

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Planning for Uncertainty: Retirement Income Strategies (Ep. 135)

Planning for Uncertainty: Retirement Income Strategies (Ep. 135)

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Market swings and economic shifts can leave retirees feeling uncertain about their financial future. 

How can you ensure your income remains steady, even when the unexpected happens?

In this episode, Peter Raskin explores retirement income planning strategies that help individuals stay financially stable despite market fluctuations. He breaks down the “bucket approach” to managing assets and highlights key risks retirees should consider when planning their financial future.

Peter discusses:

  • The impact of economic uncertainty on retirement planning and how to assess personal financial stability
  • The “bucket approach” to structuring retirement income for different time horizons
  • Key financial risks retirees face, including market downturns, inflation, and longevity
  • The importance of tax planning to maximize retirement savings and minimize unexpected liabilities
  • How to adjust and monitor retirement strategies over time to maintain financial confidence
  • And more!

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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.

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

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

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Stress-Free Tax Preparation (Ep. 134)

Stress-Free Tax Preparation (Ep. 134)

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Tax season can be overwhelming, but with some simple strategies, you can transform it into a manageable process.

In this episode, Peter Raskin outlines practical tips for preparing your taxes with ease. From organizing documents to leveraging deductions and credits, Peter shares actionable insights to make tax preparation less daunting. He emphasizes the importance of collaboration with tax professionals and staying proactive to avoid last-minute stress.

Peter discusses:

  • The benefits of keeping organized financial records and reviewing prior tax returns for reference
  • Key income and deduction categories to track, including self-employment expenses, charitable contributions, and retirement plans
  • Credits for education, energy efficiency, and dependent care, along with considerations for gifting limits
  • How to manage estimated taxes to avoid penalties and interest while staying within safe harbor guidelines
  • The value of consulting tax professionals and financial planners to streamline the tax preparation process
  • And more!

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Schedule Time with Peter:

 

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 Wealth, Inc., member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.

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

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Insights from Peter Raskin regarding Financial Planning in Turbulent Times (Ep. 133)

Insights from Peter Raskin regarding Financial Planning in Turbulent Times (Ep. 133)

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In today’s uncertain financial landscape, mastering the balance between planning for the future and living in the present is essential.

How do political shifts influence personal financial decisions? How can investors navigate risk while maintaining security in their portfolios?

Join host Peter Raskin as he discusses the importance of financial planning amidst economic and political changes by providing insights on managing portfolios, and addressing common client questions about market volatility, bonds, and long-term strategies. 

Key insights include:

  • How political changes and economic shifts may influence markets and investment strategies
  • The importance of maintaining a diversified portfolio to mitigate risks during market volatility
  • Why bonds, despite underperforming stocks, remain a crucial component of many portfolios
  • Strategies for managing drawdowns and rebalancing portfolios during periods of market fluctuation
  • Approaches to determining annual withdrawal rates and long-term savings goals for financial security
  • And more!

Connect with Peter Raskin:

Schedule Time with Peter: 

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 Wealth, Inc., member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.

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

FEATURE
Reflecting on 2024 and Anticipating 2025 with the Raskin Planning Team (Ep. 131)

Reflecting on 2024 and Anticipating 2025 with the Raskin Planning Team (Ep. 131)

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Curious about the behind-the-scenes dynamics of Raskin Planning Group? How about discovering some personal stories from the faces powering the financial planning services? 

In this episode, Peter Raskin welcomes the entire Raskin Planning Group team to review 2024 and look ahead to 2025. Get to know Kathryn, Alex, Tony, and Josh as they share personal experiences and insights from the past year, ranging from exciting travel adventures to new challenges. This is a perfect opportunity to connect more closely with the team you’re entrusting your financial future to.

Peter Raskin chats with:

  • Kathryn Broy on her honeymoon river cruise adventure and navigating family transitions
  • Alexander LaCroce about his year in Houston and the joys of getting his first puppy 
  • Tony Araujo on celebrating milestones and looking forward to European travels 
  • Josh Durand’s track meets and balancing an active schedule as an intern

Connect with Peter and the team: 

Kathryn Broy works on financial planning and is a Director of Planning and Client Services.  She is not licensed to provide advisory services directly to a client.

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.

CRN-7500955-010625

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

CRN-7445305-121624

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

CRN-7091109-100324

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!

Connect with Peter: 

Schedule Time with Peter

CRN-7036300-091924

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.