Tag Archives: Financial

Episode 15 How Does Social Security Fit into Your Investment Plan?



Think of your retirement as a three-legged stool: Social Security is the first leg, your employer-sponsored plan and IRAs are the second leg, and the third leg is your non-retirement investments and savings.

In this episode of the Wealth Is in the Details Podcast, Peter Raskin focuses on the first leg, Social Security, and how it fits into your personal investment plan.

In this episode, you will learn:

  • How much of your pre-retirement income Social Security is meant to replace
  • When to start collecting the benefit to make the most of your money
  • Why the latest you should start collecting Social Security is at age 70
  • The numerous ways to maximize your benefit by using spousal benefits (even for a former spouse)
  • Reasons to review your monthly SSA statement, even if you aren’t already accessing the benefit
  • And more!

Tune in with Peter Raskin and learn how to make the most of your Social Security benefit in retirement.

Resources:  Raskin Planning Group | The United States Social Security Administration

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-2510155-042219


Episode 14 – Health Savings Accounts Are the Best Thing Since Sliced Bread



Health savings accounts (HSAs) are becoming increasingly popular as more employers make them available to their employees. However, with a new savings option comes more to learn.

In this episode of Wealth Is in the Details Podcast, Peter Raskin explains the ins and outs of HSAs and how to use them to your benefit.

In this episode, you will learn:

  • The difference between HSAs and flexible spending accounts
  • How to tell if you are eligible for an HSA
  • Tax advantages and disadvantages of HSAs
  • What happens to your HSA if you pass away
  • And more!

Tune in now and learn how to use an HSA to your advantage!

Resources:  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.

CRN: 2489463-040419


Episode 13 – How to Prepare for the 5 Biggest Risks in Retirement



Life is unpredictable, and trying to prepare for everything makes it difficult to be fully prepared for anything.

In this episode of Wealth Is in the Details Podcast, Peter Raskin gives you direction as he pinpoints the five biggest retirement risks and how to prepare for them.

In this episode you will learn:

  • The five biggest risks to retirement
  • How inflation impacts purchasing power and how that impacts you during retirement
  • How to make the most of your investments
  • How taxes can pose a risk to your savings and how to be prepared
  • And more!

Tune in and learn how to prepare for the five biggest retirement risks!

Resources:  Raskin Planning Group

Disclosure: The podcast 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-2474769-032519

 


Episode 12 –  How to Plan for Contingencies in Retirement



Thanks to technology, humans are living longer than ever before, and it is important to consider that when planning for retirement.

On that note, Peter Raskin explains the importance of contingency planning in retirement with a special focus on healthcare costs.

In this episode, you will learn:

  • How to insure your long-term care costs in order to save you money should you require in-home or institutional care
  • The basics of purchasing long-term care insurance
  • Why married couples who purchase an insurance policy save money on premiums
  • How to determine the correct plan and policy for you and your family
  • And more!

Tune in today and learn how to plan for contingencies!

Resources:  Raskin Planning Group  

CRN-2445640-030419


Episode 11 – Contingency Planning in Retirement: Long-Term Care



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!

Resources:  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

CRN-2430663-022019


Episode 10 – Focus on the Controllable



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!

Resources:  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

CRN-2442100-022819


Episode 9 – Charitable Planning Can Be a Win-Win-Win



Is giving to charity one of your financial goals?

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!

Resources:  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

CRN-2243287-091418


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)!

Resources:  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

CRN-2374224-010919


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!

Resources:  Raskin Planning Group | Part 1 | Part 2 | Part 3

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-2442097-022819


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!

Resources:  Raskin Planning Group | Tax Planning as a Year Round Process Part 1 | Tax Planning as a Year-Round Process Part 2

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-2355877-122018