Tag: Risk Management
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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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!

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
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.

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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.

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Building a Strong Foundation: Considerations in Supporting Your Independent Young Adult (Ep. 100)

Building a Strong Foundation: Considerations in Supporting Your Independent Young Adult (Ep. 100)

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As parents, it’s crucial to have open conversations with our children about their future, especially when it comes to financial independence. 

In this episode, Peter Raskin delves into the essential conversations parents should have with their children regarding their future. He explores legal considerations like access to important records to financial aspects such as health insurance coverage and budget adjustments and provides practical insights and steps to navigate this important phase of parenthood. 

Peter discusses:

  • The significance of open communication with your child regarding their financial future and the different definitions of independence among families
  • The importance of discussing financial expectations and preparing children for post-high school or college life
  • Key considerations such as access to important records, state residency requirements, health insurance coverage, health savings accounts (HSAs), and financial planning after your child leaves the house
  • The top questions you should have the answers to about your child’s financial future
  • And more

Resources:

Connect with Peter:

Schedule Time with Peter:

CRN-5714470-060123

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.