Tag: Wealth Is In The Details Podcast
61. The Five Biggest Financial Planning Mistakes Made During the Pandemic

61. The Five Biggest Financial Planning Mistakes Made During the Pandemic

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As we begin to reopen, what have we learned about our financial plan during the pandemic? How will it mold our actions during the next crisis?

In this episode, Peter Raskin discusses the five biggest financial planning mistakes people made during the pandemic. He looks back at the lessons we all learned and how to be better prepared for this type of event in the future. 

You will learn:

  • The five mistakes people made during the pandemic when it came to financial planning
  • How investments made out of emotion can create uncertainty
  • What factors you absolutely need to consider when creating a financial plan
  • The importance of updating your financial plan on a regular basis
  • And more!

Connect with Peter Raskin: 

CRN-3646499-062421

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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60. Planning Today For The Needs Of The Future – with Abe Shtulsaft

60. Planning Today For The Needs Of The Future – with Abe Shtulsaft

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Good financial planning takes into account all possibilities, even the possibilities that you don’t want to consider.

In this episode, Peter Raskin is joined by Abe Shtulsaft, director of planning at Lincoln Financial Advisors. Peter and Abe discuss special needs and disability planning and the potential planning struggles faced by families in these situations.

Abe discusses:

  • The definition of special needs and disabilities planning and why it’s important to plan 
  • The necessity of including the entire family in the planning process
  • The financial challenges families with special needs individuals face
  • How children with special needs can experience independence
  • And more!

Discover the struggles of planning financially for those with current and future special needs and disabilities with Abe Shtulsaft!

Resources:

Raskin Planning Group: (617) 728-7433 | Peter Raskin | Lincoln Financial Advisor

CRN-3631445-061421

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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59. Investment Gains, Losses And The Taxes Between

59. Investment Gains, Losses And The Taxes Between

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Not everyone enjoys tax planning, but it’s important to remember that the benefits earned through preparedness are enjoyable for all.

In this episode, Peter Raskin discusses the role of taxes within financial planning. He discusses the different types of investments, how each is taxed and the role they play in your overall portfolio.

You will learn:

  • The difference between tax-deferred and tax-free
  • The three income attributes of any type of investments
  • Why you might sell a stock at a loss—and the potential advantages of doing so
  • How mutual funds work and how they’re taxed
  • And more!

Discover how taxes could provide benefits for gains and losses in this episode of Wealth Is In The Details Podcast!

Resources:

Raskin Planning Group: (617) 728-7433 | Peter Raskin |

CRN-3594396-051721

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 58 – What It’s Like To Own, Run, and Manage A Construction Company – With Jeff McLinden

Episode 58 – What It’s Like To Own, Run, and Manage A Construction Company – With Jeff McLinden

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It’s no secret that our kitchens and bathrooms constantly need improvements and upgrades, and JM Construction’s Jeff McLinden is here to help. 

In this episode, Peter Raskin sits down with Jeff McLinden, owner of JM Construction, a small high-end remodeling company based in Framingham, Massachusetts. Jeff shares his company’s perspective around proprietorship, management, and homeowner-related recommendations and services. 

You will learn:

  • JM Construction’s strengths and weaknesses 
  • How the firm’s honest communication and client education can positively impact a client’s overall remodeling experience
  • The top four things homeowners should do as they start a remodeling process 
  • How word of mouth has contributed to JM Construction’s growth 
  • And more!

Listen today to find out everything you need to know about JM Construction and how it functions from an owning and managing standpoint to a homeowner’s standpoint!

Resources:

Raskin Planning Group: (617) 728-7433 | Peter Raskin | Jeff McLinden | JM Construction: (508) 861-7019 | Facebook | Remodelers Advantage  | Houzz  | The Julian Group

CRN-3575458-050321

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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Episode 57 – Using Strategic Planning As A Tool To Grow Your Business – With Kevin Poland

Episode 57 – Using Strategic Planning As A Tool To Grow Your Business – With Kevin Poland

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The Renaissance Group’s one-page strategic plan is all about helping business owners build a great business and live a great life. 

In part two of this two part series, Peter Raskin sits down once again with The Renaissance Group’s Kevin Poland to address everything surrounding strategic planning so that you too can start outlining future goals.

You will learn:

  • Why you should build a one-page strategic plan as a way to define the future of your business
  • The importance of balancing long and short term business projects 
  • How strategic planning overlaps with succession and exit planning 
  • The emotional factor of strategic planning 
  • And more!

Tune in today to discover the relevance of putting a strategic plan in place – and the many reasons why you and your team should revisit and revise it on a regular basis.

Resources:

Raskin Planning Group: (617) 728-7433 | Whitepaper: Exit Planning For Business Owners | Peter Raskin | The Renaissance Group  | Kevin Poland | Book: The E-Myth Revisited | The 7 Habits of Highly Effective People by Stephen R. Covey | Big Hairy Audacious Goal (BHAG) by Jim Collins

CRN-3537923-040721

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 56 – Invest In Yourself, And Hire a Coach – With Guest Kevin Poland

Episode 56 – Invest In Yourself, And Hire a Coach – With Guest Kevin Poland

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The Renaissance Group provides advice and guidance to businesses that are ready to build a great business and live a great life. 

In this episode, Peter Raskin sits down with his former business coach, Kevin Poland from The Renaissance Group. Today, Kevin addresses his organization’s coaching and consulting model designed to help you develop the mindset, strategies, and skills you need to achieve your entrepreneurial dream.

In this episode, you will learn:

  • Leadership and management skills: The Renaissance Group’s consulting and coaching approach for small businesses 
  • Time, money, and people: What firm problems can professionals like Kevin solve 
  • How Kevin got into the coaching business 
  • Success stories: How Kevin and his team at The Renaissance Group have helped organizations build great businesses
  • When is time to hire a coach: Kevin’s advice 
  • And more!

Listen today to find out everything you need to know about the process of business coaching with The Renaissance Group!

Resources:  Raskin Planning Group  | (617) 728-7433 |  Peter Raskin  | The Renaissance Group  | Kevin Poland | Book: The E-Myth Revisited 

CRN-3511091-032621

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 55: The Difference Between “Live On” and “Leave On” Assets

Episode 55: The Difference Between “Live On” and “Leave On” Assets

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Most of you have been working for a long time, and as a result, have become good savers. 

However, at some point in life, you will retire, rely upon the wealth you built, and eventually pass down everything you have to someone or something you care about.  

While preparing your assets to be passed on, it’s critical to consider which will be “live on” assets, and which will become “leave on.” Find out how to do this in this episode, as Peter Raskin helps you understand the difference between these types of assets and the planning-related factors you must consider with each. 

In this episode, you will learn:

  • Tax considerations associated with retirement-related “live on” assets  
  • Why and how to protect “live on” assets 
  • Why life insurance can be a helpful vehicle when leaving wealth to your beneficiaries or heirs 
  • Updating estate planning documents and wills as part your legacy planning process
  • And more!

Tune in today and find out how taxes and planning differ depending on the assets you’ll be transferring! 

Resources: Raskin Planning Group | Podcasts | Resources | Peter Raskin 

CRN-3488798-031121

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)

CRN-3460223-021921

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 53: Break Away from Being an Income Machine

Episode 53: Break Away from Being an Income Machine

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Many of us tend to behave like income machines, working hard each day to bring in money to support our lives.

However, at some point in life, that income machine stops working. 

In this episode of Wealth Is In The Details, Peter Raskin explains how different financial planning strategies can help you plan ahead for the day that you decide to (or have to) stop working and being an income machine.  

 In this episode, you will learn:

How to overcome an optimism bias and discuss potential life risks

  • Disability and mental health planning-related considerations
  • The importance of addressing and developing a contingency planning strategy 
  • The truth about Social Security Disability Insurance (SSDI)
  • And more!

Listen today and discover how planning ahead can help you overcome life’s ups and downs without depending on working forever!

Resources:  Raskin Planning Group | Contingency Planning Worksheet | Peter Raskin | (617) 728-7433

CRN-3454187-021621

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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Episode 52: Giving to Create a Legacy

Episode 52: Giving to Create a Legacy

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There is great power in giving to your loved ones as a part of your legacy. 

But since legacy gifts can be life-altering for those who receive them, it’s crucial to plan ahead. 

In this episode of Wealth Is In The Details, join Peter Raskin as he navigates the path of gifting assets to create a legacy. He shares must-know planning tips around the monetary and emotional components of legacy giving and shares ways you can start planning for your legacy today. 

 In this episode, you will learn:

  • The importance of a comprehensive plan when passing down a legacy and gifting assets 
  • How taxes and tax rules differ when giving and receiving a family legacy or gift 
  • Why tax planning should be involved in your legacy planning process
  • How an education-related 529 plan can create tax-free earnings 
  • And more!

Listen today to learn the financial and non-financial considerations that come with passing down your legacy through gifting!

Resources: Raskin Planning Group  | Peter Raskin

CRN-3425402-012721

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.