Category Archives: Investing

Episode 22: Grasping your Financial Needs, Step 3: Deliver

Bryan Bibbo, Financial, Holistic Financial Planning, holistic wealth and health, Holistic Wealth Management, Investing, Jason L Smith, JL Smith Holistic Wealth Management, Wealth and Health, wealth and health podcast, , , , , , , , , , , , , , ,

Join hosts Jason L Smith and Bryan Bibbo with special guest, Dave Alison, as they continue breaking down The Bucket Plan® financial planning process. 

This episode covers step three of The Bucket Plan® process, the “Deliver” phase, where we present and deliver the personalized, holistic financial plan we’ve developed for you.  

Key Topics Discussed: 

  • Your Family Estate Organizer: Discover how we’ll help you organize all your financial information in one place, making it easily accessible for you and your loved ones. 
  • Understanding Your Risk Tolerance: Learn about our Volatility Tolerance Analysis, which will help assess your comfort with risk across different time horizons. 
  • Creating Your Custom Plan: We’ll explain how we take all the information from our previous meetings to engineer a financial plan tailored just for you. 
  • Presenting Your Financial Blueprint: Find out how we’ll walk you through your comprehensive plan, addressing your specific concerns and priorities for retirement. 
  • Planning for Your Retirement Phases: Understand the three phases of retirement – your “go years,” “slow go years,” and “no go years” – and how we’ll help you plan for each. 
  • Maximizing Your Retirement Income: Learn about our strategies for tax-efficient distribution planning to help you keep more of your hard-earned money. 
  • The Power of Tax Planning: Discover how proper tax planning could potentially save you tens or even hundreds of thousands of dollars over your lifetime. 
  • Optimizing Your Savings and Withdrawals: We’ll introduce you to our “funnel” concept for managing your money tax-efficiently during both your saving and spending years.

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Episode 9: Ed Slott’s Guide to Maximizing Retirement Savings

America’s IRA Expert, Bryan Bibbo, CPA, Ed Slott, Financial, Getting a Leg-Up on Tax Season, Great Retirement Debate, Health Management, Holistic Financial Planning, Holistic Health Management, holistic wealth and health, Holistic Wealth Management, Investing, IRA, Jason L Smith, JL Smith Group, JL Smith Holistic Wealth Management, life, Proactive Tax Management, retirement, Strategies for Proactive Tax Management, tax, Tax Management, tax season, Tips and Strategies for Proactive Tax, Tips and Strategies for Proactive Tax Management, Tips for Proactive Tax Management, wealth and health podcast, , , , , , , , , , , , , , , , , , , , , , , , , , ,

In this episode, host Jason L Smith, CEP®, BPC, sits down with “America’s IRA Expert:” Ed Slott, CPA. He is the founder and CEO at Ed Slott and Company and a professional speaker and author. Together they discuss various tax and retirement planning strategies and stress the importance of finding the right advisor to help make the most of your savings and minimize tax burdens. Tune in for valuable advice to make informed financial decisions, optimize your retirement nest egg, and safeguard your wealth for future generations.

Resources:

Fund Your Future: A Tax-Smart Savings Plan book

The New Retirement Savings Time Bomb: How to Take Financial Control, Avoid Unnecessary Taxes, and Combat the Latest Threats to Your Retirement Savings book

The Great Retirement Debate podcast with Ed Slott and Jeffrey Levine

Key Topics Discussed:

1. Having the right advisor: anyone who wants to make tax-smart decisions regarding their financial future benefits from an advisor with the right knowledge and skillset.

  • If you are a high-net-worth individual who has more complex financial needs, an advisor with expertise in tax management can make a big difference in your experience.
  • This podcast shares why understanding tax implications on wealth is important.

2. Proactive tax planning: taking strategic actions now can lead to long-term financial benefits.

  • Some decisions may temporarily increase your tax liability but can be more beneficial in the long run.
  • Planning is crucial to helping you keep more money for yourself and your beneficiaries.
  • It is wise to focus on what will help you have a steady future, rather than what may provide short-term financial gains.

3. Tax-efficient strategies: this episode describes ways to help maximize savings and minimize what you owe. Some examples include:

  • Roth conversions — These can help you manage their income-related monthly adjustment amounts (IRMAA) when they turn 65. By converting some of their traditional IRA funds into a Roth IRA, you can potentially reduce future Medicare charges for Medicare Parts B and D.
  • Qualified Charitable Distribution (QCD) — If you’re 70-and-a-half or older with an IRA and plan to make charitable donations, consider using a Qualified Charitable Distribution (QCD) from your IRA. This allows you to exclude the distribution from income, providing a better tax benefit than a tax deduction.
  • Ongoing education: Stay Informed About Tax Law Changes: Tax laws are constantly changing. Stay informed about new tax laws and regulations, especially those related to retirement accounts like IRAs and 401(k)s.
  • This knowledge can help you make informed decisions and potentially reduce your tax burden.
  • A holistic advisor can help you stay in-the-know.

If you’re unsure about your financial and tax situation, consider seeking advice from a financial advisor who specializes in retirement planning and tax-efficient strategies. The professionals at JL Smith can help you create a personalized plan to minimize your tax liability — schedule a free consultation today.

 

Disclaimer:

The information provided in this “Holistic Wealth and Health Podcast” episode, “Getting a Leg up on Tax Season – Tips and Strategies for Proactive Tax Management with Ed Slott, CPA” is for general informational purposes only. While hosts Jason L Smith, CEP, BPC, and guest Ed Slott, CPA, share valuable insights, listeners are urged to consult with financial, tax, and legal professionals for personalized advice. The hosts and guests do not endorse specific financial products, and any actions taken based on this content are at the listener’s discretion. The hosts, guests, and producers are not liable for errors or consequences resulting from individual decisions. Always seek professional guidance tailored to your unique financial circumstances.

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Episode 7: Crafting a Strong Family Culture for Longevity and Prosperity

family brand, Financial, Holistic Financial Planning, Investing, Wealth and Health, Wealth Management, , , , , , , , , , , ,

Episode Overview:

In this episode, host Jason L Smith is joined by Chris Smith, the founder of Family Brand. They delve into the transformative journey of creating a strong, unified family culture. The discussion touches on how family unity and shared values contribute to overall well-being, drawing inspiration from concepts like ‘Blue Zones’ and the Japanese philosophy of Ikigai.

Key Highlights:

1. Introducing Family Brand: Chris Smith shares the inspiration behind founding Family Brand, rooted in his personal experiences and family challenges.

2. The Impact of Family on Longevity: A discussion on ‘Blue Zones’ and how family dynamics significantly contribute to longevity, inspired by the Netflix documentary “Live to 100:            Secrets of the Blue Zones.”

3. Building a Family Brand: The conversation covers the process and benefits of establishing a family brand, including mission, vision, culture, and values, as experienced by host              Jason with his family

4. Family History and Identity: The importance of knowing and sharing family heritage and stories to bolster family identity and resilience.

5. The Pillars of Family Values: Chris outlines eight crucial categories for developing robust family values, based on extensive research.

6. Family Brand Culture Quiz:  Introduction to the quiz designed to help families understand and enhance their family culture.

7. Engagement Options with Family Brand: Overview of different programs offered by Family Brand, including digital, group, and private coaching options.

Listeners are encouraged to reflect on their family values and explore the resources offered by Family Brand to strengthen family bonds and create a lasting legacy.

Resources:

For the Guest:

– Family Brand Website: http://familybrand.com

– Family Brand Culture Quiz: familybrand.com/quiz

– Family Brand  Facebook Link: https://www.facebook.com/FamilyBrandOfficial/

– Promo Code for Digital Program: PARTNER (for a 50% discount)

For the Host:

– About the Host: Jason L Smith

– JL Smith Group Website: https://www.jlsmithgroup.com/

– Holistic Wealth & Health Podcast: https://www.jlsmithgroup.com/holistic-health-and-wealth-podcast

– Holistic Wealth & Health Blogs: https://www.jlsmithgroup.com/blog

– Episode 7 Link: https://www.jlsmithgroup.com/episode-7-crafting-a-strong-family-culture-for-longevity-and-prosperity

– JL Smith Group Facebook: https://www.facebook.com/JLSmithGroup/

– JL Smith Group YouTube: https://www.youtube.com/@jlsmithholisticwealth

– JL Smith Group LinkedIn: https://www.linkedin.com/company/jl-smith

– JL Smith Group X (Twitter): https://twitter.com/jlsmithgroup

– Holistic Wealth & Health Episode 7: https://www.jlsmithgroup.com/episode-7-crafting-a-strong-family-culture-for-longevity-and-prosperity

 

Disclaimer:
Investment advisory services are provided through Prosperity Capital Advisors LLC (“PCA”) an investment advisor registered with the United States Securities and Exchange Commission (SEC). For a detailed discussion of PCA and its investment advisory fees, see the firm’s Form ADV and Form CRS on file with the SEC at www.adviserinfo.sec.gov. The views expressed herein represent the opinions of PCA and are not intended to predict or depict performance of any particular investment.

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Episode 5: Balancing Health and Wealth: A Deep Dive into Holistic Well-being with Sachin Patel

Financial, Holistic Financial Planning, Investing, Wealth and Health, , , , , ,

Welcome to the Holistic Wealth and Health Podcast, your gateway to a prosperous, balanced, and purpose-driven existence!

This podcast episode features Sachin Patel as a guest, discussing holistic health management with the hosts. Sachin is described as a versatile expert with a background in chiropractic care and functional medicine. The hosts express excitement about Sachin’s upcoming talk to financial advisor entrepreneurs and delve into the interconnectedness of health and wealth.

The conversation touches on the importance of balance and inclusivity in health for all ages and genders. They explore the concept of holistic health management and its relevance in maintaining overall well-being.

The hosts also highlight Sachin’s unique journey and expertise in various health-related fields, setting the stage for a comprehensive discussion on topics such as breathwork and holistic health practices.

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Episode 4: Mastering Holistic Wealth Management: A Conversation with Dave Alison

Financial, Holistic Financial Planning, Investing, Wealth and Health, , , , , ,

Welcome to the Holistic Wealth and Health Podcast, your gateway to a prosperous, balanced, and purpose-driven existence!

In this episode, join hosts Jason Smith and Brian Bibbo as they sit down with Dave Alison, a prominent figure in the financial advisory world.

Dave’s story is one of mentorship, growth, and achievement. In their younger years, Jason had the privilege of guiding and mentoring Dave and Brian. Over the years, Dave has risen to become the go-to expert in his field, serving as the leading figure at Prosperity Capital Advisors.

Through their collective efforts, Jason, Brian, and Dave have successfully trained thousands of financial advisors in the art of holistic wealth management. This podcast episode delves into the essence of their “bucket plan process,” tax planning, and a wide range of financial management techniques.

Join us for an engaging discussion that brings together Brian and Dave to explore the multifaceted world of holistic wealth management. Whether you’re an aspiring financial advisor or someone interested in optimizing your financial future, this episode offers valuable insights and expertise you won’t want to miss.

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Episode 3: Be a Blessing: How to Increase your Potential & Live a Healthier Life

Financial, Holistic Financial Planning, Investing, Wealth and Health, , , , ,

Welcome to the Holistic Wealth and Health Podcast, your gateway to a prosperous, balanced, and purpose-driven existence!

Are you eager to unlock your potential but not sure where to start? Join one of our hosts and partners at JL Smith, Bryan Bibbo, AIF, NSSA, BPC, for an enlightening episode featuring Dr. Kevin Elko — motivational speaker and best-selling author.

Dr. Elko explains the transformative power of ownership, responsibility, passion, and motivation in achieving success, as well as the role faith — especially in oneself — can play in achieving goals. Tune in now to learn simple ways you can drive your personal growth and health!

Episode resources:

Ten Steps to an “I Believe” Mindset e-book by Dr. Kevin Elko 

Dr. Elko’s books and CDs

For more information about the Grant Study of Adult Development conducted by Harvard, visit: https://www.adultdevelopmentstudy.org/

For more information on Cathy Hughes:

(correction, she bought her radio station for $995,000, not $980,000) https://en.wikipedia.org/wiki/Urban_One#:~:text=Urban%20One%20was%20founded%20as,from%20an%20African%20American%20perspective.

For more information on Thomas Edison’s story: https://www.businessinsider.com/thomas-edison-in-the-obstacle-is-the-way-2014-5 (based on varying inflation calculations, his comeback revenue mentioned is between $240 – around $300 million in today’s dollars)

For more information on the factors Dr. Elko describes as being drivers of health outcomes:

Stress

Anxiety

Diet’s impact on genetics and health outcomes

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Episode 2: Get to Know Co-Host, Bryan Bibbo

Financial, Holistic Financial Planning, Investing, Wealth and Health, , , , ,

Welcome to the Holistic Wealth and Health Podcast, your gateway to a prosperous, balanced, and purpose-driven existence!

We dive deep into co-host Bryan Bibbo’s life, motivations, and philosophies he swears by to live well, including his desire to live every day like its last and focus on the true riches in his life — his relationships. Founder and CEO of JL Smith, Jason L Smith, CEP, BPC, introduces listeners to his friend, co-host, and business partner, making it easy to see why they work so well together.

Get to know Bryan Bibbo, AIF, NSSA, & BPC, Partner, Accredited Investment Fiduciary and National Social Security Advisor at JL Smith, as he discusses his humble Cleveland upbringing, how he entered the financial industry, his family and their influence on his life, and the importance of gratitude.

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Episode 1: Get To Know Your Host – Jason L Smith

Financial, Holistic Financial Planning, Investing, Wealth and Health, , , , , ,

Welcome to the Holistic Wealth and Health Podcast, your gateway to a prosperous, balanced, and purpose-driven existence!

Your co-hosts, Jason L Smith and Brian Bibbo, invite you on a transformative journey toward prosperity in every facet of your life. In this podcast, we’ll explore the intricacies of holistic well-being, emphasizing the interconnectedness of the mind, body, and spirit, and how they all play pivotal roles in shaping your overall prosperity.

Jason L Smith, one of your dedicated co-hosts, brings a wealth of knowledge and a passion for helping you achieve your fullest potential. With a background in holistic health and wellness, he has spent years delving into the secrets of mental and physical well-being, and he’s here to share that wisdom with you.

But, who is Jason L Smith? Tune in to our podcast to discover more about his journey, experiences, and insights that have fueled his commitment to helping you lead a life that’s truly worth living.

Together with a diverse array of guest speakers, we’ll explore the latest trends, professional advice, and actionable tips that can help you unlock your true potential. Join us in focusing on what matters most in your life: living well.

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