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.
Join our hosts Jason L Smith and Bryan Bibbo with special guest, Dave Alison, CFP®, EA, BPC, President and Founding Partner of C2P and Alison Wealth Management, as they continue breaking down The Bucket Plan® financial planning process step by step.
This episode covers step two of The Bucket Plan® process, known as the “Design” phase, where we analyze all your assets and how they come together to formulate your holistic plan.
Key Topics Discussed:
Overview of The Bucket Plan® Process: A recap of the previous episode on “Discovery,” phase and each step of the planning process: Discovery, Design, Deliver, Dedicated.
Document Analysis: Carefully reviewing your financial documents to gain a complete understanding of your current situation.
Organization: Helping you structure your financial information using our Family Estate Organizer, ensuring everything is accessible and clear to preserve your legacy.
Risk Assessment: Using our proprietary Volatility Tolerance Analysis to determine your comfort level with risk across different time horizons.
Asset Categorization: Introducing you to our Bucket Plan philosophy, showing you how to categorize your assets for Now, Soon, and Later needs.
Investment Education: Guiding you through our Pyramid of Risk, helping you understand various investment types and reflect on your past experiences.
Visual Planning: Creating a personalized sketch of your Bucket Plan, giving you a clear visual representation of your financial strategy.
Discover how our Design phase creates the blueprint for your customized holistic plan and sets the stage for the next phase of the process.
In this episode of the Holistic Wealth and Health Podcast, host Jason L Smith is joined by esteemed tax planning professional and professor, Christopher P. Woehrle, JD, LL.M (Tax).
With a background in tax and estate planning and as a professor at Villanova Law School and former chair of the tax and estate planning department at the College of Financial Planning, Chris shares his expertise on holistic wealth management and the critical role of tax planning.
Key Topics Discussed:
Holistic Wealth Management: Understanding the comprehensive approach to financial planning that integrates all aspects of your financial life.
Importance of Tax Planning: Exploring the critical role of tax strategies in holistic wealth management.
Effective Tax Strategies: Discussion of specific tax planning techniques, including the 83(b) election, Employee Stock Ownership Plans (ESOPs), and the benefits of gifting appreciated securities to charity.
Navigating Retirement Planning: Strategies for ensuring a secure and comfortable retirement, including the importance of having a diversified income stream.
Balancing Short-Term and Long-Term Goals: How to save for immediate needs while planning for future financial stability.
Risk Management: Understanding and mitigating risks such as mortality, longevity, and disability.
Behavioral Finance: The importance of behavior modification in investment decisions and financial planning.
The Role of Financial Advisors: How professional guidance can help you stay on track and make informed financial decisions.
Tune in to learn how to manage your wealth holistically, make informed tax decisions, and plan effectively for your future. Whether you are preparing for retirement or looking to optimize your current financial strategy, this episode offers valuable insights to help you achieve your goals.
In this episode, host Jason L Smith interviews Carrie Kerskie, a certified identity fraud investigator, speaker, author, and consultant on identity theft, privacy, and cybersecurity.
Carrie shares her expertise on protecting against identity theft, fraud, and cyber threats in the digital age. Jason also discusses the stress and financial impacts these crimes can have on victims.
Key Topics Discussed:
Common Mistakes Leading to Identity Theft: Not securing online accounts, failing to ask for help with technology, and believing one is safe from threats by avoiding the internet.
Best Practices for Prevention: Getting credit freezes, using privacy-focused browsers/search engines, enabling two-factor authentication, and validating information from supposed official sources.
Evolving Threat Landscape: How identity theft, fraud, and cyber threats have converged, with criminals using sophisticated tactics like remote access malware.
Recognizing Scams: Red flags like unsolicited requests for sensitive data, urgency to transfer money, and implausible scenarios crafted with convincing details.
Securing Mobile Devices: Using longer passwords/passcodes, being cautious about app installations, and adjusting privacy settings on smartphones.
Approach to AI Tools: Maintaining prudence by fact-checking outputs, as AI models can perpetuate misinformation based on their training data.
Learn how understanding your body and incorporating proactive holistic health habits can lead to a richer, more productive life.
Join us for part two of our in-depth discussion on holistic planning with hosts Jason L Smith and Bryan Bibbo along with special guest Dave Alison, CFP®, EA, BPC, President and Founding Partner of C2P and Alison Wealth Management.
This episode continues the group’s discussion of step one of The Bucket Plan® planning process, known as the “Discovery” phase. You’ll learn how during this initial meeting we have with all our clients; we focus on identifying your concerns, priorities, and goals to determine what matters most to you before we can begin developing your personalized plan.
Key Topics Discussed:
Understanding Holistic Wealth Management: Discover the five pillars of holistic wealth management and how they work together to create a secure financial future for you and your family.
Client-Centric Approach: Learn what it means for your advisor to adopt a fiduciary role and the importance of focusing on client needs rather than representing the firm’s interests.
The Bucket Plan® Explained: Learn more about our unique Bucket Plan® strategy, which simplifies your financial landscape into manageable segments, ensuring immediate stability and long-term growth.
Enhancing Your Financial Strategy: Gain insights into how a holistic plan that includes advanced asset management, tax planning, and legacy planning can tailor your portfolio to meet your specific needs and goals.
Real-Life Benefits: Hear real-life examples of how integrated planning strategies have helped others secure their financial futures.
Your Path to Financial Confidence: Understand the importance of continuous education and expert guidance in maintaining and adapting your financial plan over time.
Whether you’re planning for retirement, managing assets, or setting long-term goals, tune in to see how holistic financial planning can help you navigate your financial journey with confidence.
Learn how understanding your body and incorporating proactive holistic health habits can lead to a richer, more productive life.
Join hosts, Jason L Smith and Bryan Bibbo, as they welcome the newest advisor to the JL Smith Holistic Wealth Management team, Seth Meisler, CFA, CFP®, CPA. The episode delves into Seth’s journey in the financial industry, highlighting the importance of the holistic approach, the Bucket Plan® philosophy, and the impact of philanthropy and community service on his career. Learn how Seth’s diverse expertise as a principal, chief investment officer, financial advisor, and auditor, makes him a valuable addition to the JL Smith family.
Key Topics Discussed:
Introduction to Seth Meisler: Seth Meisler joins JL Smith Holistic Wealth Management, enhancing the firm’s financial planning and investment strategies with his diverse expertise.
Seth’s Diverse Background: With a rich educational and professional background, including CPA, CFP®, and CFA credentials, Seth brings a multidisciplinary approach to wealth management.
The Importance of a Holistic Approach: The episode underscores the necessity of a holistic wealth management strategy, integrating all financial aspects to support clients’ overarching goals.
The Bucket Plan® in Retirement Planning: Seth and the hosts discuss the Bucket Plan® philosophy, a structured retirement planning approach that aligns assets with future needs and goals.
Philanthropy and Community Service: Highlighting philanthropy’s role, Seth shares how community service and giving back are integral to his personal and professional ethos.
Learn how understanding your body and incorporating proactive holistic health habits can lead to a richer, more productive life.
Join host, Jason L Smith and special guest, Kasia Hrecka, a functional medicine practitioner, as they discuss the transformative power of understanding and nurturing our bodies through functional medicine practices. Smith shares his health challenges and how incorporating functional medicine principles into his daily life under Kasia’s guidance helped him heal his gut, strengthen his immune system, and improve his day-to-day functioning and overall well-being. Tune in to learn how to incorporate these principles into your life, with a focus on nutrition, stress management, toxin reduction, and maintaining a healthy microbiome.
Key topics discussed:
1. Importance of Gut Health: Insights into the critical role of the microbiome in overall immunity and well-being, emphasizing dietary impact on gut health and its systemic effects on the body.
2. Jason’s Health Transformation: Jason shares his personal experience of overcoming health challenges through dietary changes and gut health optimization, showcasing the significant impact of functional medicine practices.
3. Holistic Health Defined: Exploration of holistic health as a state of vibrant physical, mental, and spiritual well-being, underscored by the necessity of a purposeful life for true health.
4. Incorporating Functional Medicine: Practical advice on how to integrate functional medicine principles into everyday life, focusing on good nutrition, stress reduction, minimizing toxin exposure, and supporting detoxification and mitochondrial health for overall vitality.
Learn how understanding your body and incorporating proactive holistic health habits can lead to a richer, more productive life.
Resources:
Nourish Up – Kasia’s Functional Medicine Health Coaching Services
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.
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.
In this episode, host Jason L Smith, speaks with Adam Freeland, CFF, President and OSJ Branch Manager at Harford Financial Group, on the importance of holistic health and wellness. Having recently prioritized his health and lost a significant amount of weight, Freeland shares his personal experiences since committing to a sugar-free diet and intermittent fasting, and how it’s helped improve his overall functioning personally and professionally. Their conversation touches on strategies for setting and maintaining goals including finding a coach or mentor who has achieved the desired results, making financial investments to stay accountable, and more.
1. The Importance of Health and Wellness: Listeners are encouraged to prioritize their health and well-being to become better leaders and professionals in every aspect of life.
2. The Power of Commitment: The episode emphasizes the significance of making long-term commitments to health and wellness goals.
3. Accountability and Declaration: When a person vocalizes their health goals, it can help them stay committed and accountable.
4. Dietary Choices: Lifestyle tips are shared, including the positive effects of a low or no-sugar diet, highlighting the impact of dietary choices on overall health.
5. Intermittent Fasting: Adam shares his personal experience with intermittent fasting and how it has changed his mind and body’s relationship to food.
6. Seeking Professional Guidance: Consulting experts and professionals when pursuing health goals can help you stay on track.
7. Overcoming Setbacks: Jason and Adam acknowledge that setbacks are a normal part of the journey and encourage perseverance in the pursuit of better health and wellness.
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.
