Did you know by improperly filing your taxes and not planning for potential tax return opportunities, you could be losing thousands of dollars you didn’t know you could save?
In this episode, David Pulcini explains the importance of tax planning, it’s benefits, and how to be sure you are making the right choices to benefit your future financial situation.
David discusses:
The difference between tax preparation and tax planning
How tax planning affects retirement income planning and the years prior of saving
What questions to ask yourself as you look into tax planning and your finances
How to begin planning
Some examples of tax planning gone wrong and gone right
As you enter retirement, you want to be sure your wealth doesn’t outlive you.
It’s important to ensure you have enough money to continue to live comfortably and that you have finances for any extra hurdles that might come along the way.
In this episode, David Pulcini talks to colleague John P. Harms, CFP®, RICP®, partner and investment advisor representative at Six Point Financial Partners about the third point in the series of Six Points Of Financial Planning, retirement income planning.
David and John discuss:
Where to start when planning for retirement
How the timing of your retirement planning will affect your income later
Different aspects that can make your retirement different from anyone else’s
How long the process of retirement planning can take with an advisor (spoiler, it’s less than you think…)
How much to allocate towards your retirement, and how to find the amount right for you
About our Guest: John Harms is an Indiana native who started in the investment and financial services industry in 2004 with Wachovia. There, he concentrated on helping small business owners in Chicago’s Lincoln Park community with retirement planning and investment portfolio management. Upon moving to Rochester in 2007, John shifted focus to providing comprehensive financial planning, wealth management, retirement income and distribution planning advice to educators.
He truly enjoys working with his clients helping to ease their financial concerns so that they can focus on what’s most important to them in life. John is approachable and pays close attention to detail in developing solutions to provide professional service clients can depend on.
John is a 2004 graduate of the Krannert School of Management at Purdue University – West Lafayette, IN where he earned a Bachelor of Science degree in Management with a minor in Finance. In 2015, he obtained the RICP® (Retirement Income Certified Professional) designation from the American College.
Currently enrolled in the CFP® (CERTIFIED FINANCIAL PLANNER™) Curriculum at the American College and holds Series 7, 65, 66 and NYS Life, Health & Disability Insurance
You never know what is going to happen tomorrow. That is why it is so important to plan ahead for whatever life might throw your way.
One of the best ways to do that is by having a well-thought-out risk management plan, and insurance coverage to protect your money through life’s toughest obstacles.
In this episode, David Pulcini speaks to Eric Eveland, insurance specialist and broker manager at KAFL Inc. about different forms of risk management and why it can be different for different people. David and Eric discuss how age, occupation and overall financial goals impact an individual’s risk management.
David and Eric discuss:
The different stages of insurance planning
The importance of disability insurance throughout your life
Employee coverage vs. private coverage
Term insurance for temporary needs
Different options for long-term care and how much they might cost
About our Guest: Eric came to KAFL in September 2012, bringing with him a wealth of knowledge in the insurance industry. Once he had completed his Bachelors Degree in Financial Planning, he began his profession in a local career agency where he learned the necessary tools which built the framework of the business he does today. Deciding that he would like to take a more consultative approach to his career; he began working as a Broker Manager at KAFL, supporting advisors and agents with designing, marketing and implementing wealth transfer strategies.
His desire for knowledge and his passion for growth has made him an innovative team member and a valuable asset to KAFL.
Yield enhancing covered calling, risk adjusted returns, equity portfolios—most advisors understand these topics, but the average investor may not know what these are and how they could be a strong addition to their portfolio.
In this episode, David Pulcini sits down with Kevin Simpson, founder & chief investment officer of Capital Wealth Planning, to talk about the more complicated side of the stock market. They do so in a way that advisors and investors alike will understand and share new strategies to make the most of your money.
David and Kevin discuss:
Institutional money management and risk adjusted returns
Kevin’s strategies and advice when it comes to the stock market
About our Guest: Kevin Simpson has been the Portfolio Manager of Capital Wealth Planning, LLC since establishing the firm in 2005. Originally from Philadelphia, Pennsylvania, Kevin has been investing in options since he began his career at W.H. Newbold’s Son & Co. in 1992. After his time at W.H. Newbold’s Son & Co, Kevin spent 7 years with Wheat First Butcher Singer (Subsequently Wells Fargo) where he helped institutions and high-net worth individuals plan and achieve their financial goals through option centered strategies.
Following his time at Wheat First Butcher Singer, Kevin spent several years at Sterling Financial before establishing Capital Wealth Planning. Over the years, Kevin has developed a strategy that aligns CWP as an institutional management firm offering separately managed ETF and Equity portfolios that are complemented with a yield enhancing covered call strategy.
A graduate of The George Washington University majoring in Finance, Kevin applies institutional investment management strategies to diversified equity and option portfolios.
Navigating through pension options, IRAs, 403(b)s, and insurance plans can be overwhelming, and for many, the hardest part of retiring– especially for those working in the public school system.
In this episode, David Pulcini speaks with Marshal Scheidt, partner at Six Point Financial Partners, to talk about retirement for public school employees, with lessons and mistakes that can be applied for both public school employees and everyone else planning for retirement.
David and Marshal discuss:
Retirement planning for public school employees
Common mistakes clients make with their pensions
Understanding how to make your 403(b) work for you
Why retirement incentives might be costing you thousands if you’re not ready to retire
A look into how your tax bracket can affect your retirement
About our Guest: Marshal Scheidt takes a tremendous amount of pride in helping his clients envision and accomplish their goals. Whether these goals pertain to their financial lives or are personal objectives, he takes a stake in helping his clients grow and improve on many levels.
Graduated in 2015 from SUNY Brockport where he earned a Bachelor of Science degree in Finance, as well as Business Administration with a concentration in Management.
Marshal’s business practice is focused on providing comprehensive financial planning, risk management and retirement income strategies to help individuals find success and peace of mind.
The past year has seen many ups and downs and the housing market is no exception. Navigating this quickly changing market can be challenging if you don’t know what to expect.
In this episode, David Pulcini sits down with Angelo Prestigiacomo, owner of Blue Arrow Real Estate, who has helped a tremendous number of people buy and sell their homes successfully. Angelo breaks down the current state of the housing market, and shares some advice that benefits both buyer and seller during one of the biggest transitions a person makes.
David and Angelo discuss:
How to take advantage of current opportunities to buy a house during this market
Mistakes Angelo commonly sees from both buyers and sellers
What is behind “no inspections” when viewing a house
About our Guest: Angelo Prestigiacomo graduated Athena High School in 2004, and went on to study Business Management at Monroe Community College earning his B.B.A. After that he worked for Howard Hanna Real Estate Services and Nothnagle realtors until August of 2020 when Angelo opened his own company Blue Arrow Real Estate.
They are a group of experienced, licensed real estate agents with a mission to provide the highest quality service to homeowners and homebuyers alike. Their approach is focused and intentional. The team is professional, accomplished, and driven. And the results speak for themselves.
Their vision is to provide the highest level of service to homeowners and homebuyers alike, while carving out a place in the Rochester, NY / Finger Lakes Region real estate marketplace for accomplished, licensed real estate salespeople to belong and advance.
Jim Harshaw Jr., has impacted thousands of lives around the world with his advice to help people focus on and dominate the four main areas of their lives. He has helped people achieve the success they thought was impossible, and encourages his clients to increase their resilience, maximize their potential and always continue to fight harder.
In this episode, David Pulcini talks to Jim Harshaw Jr., who is a personal performance coach to Olympic athletes, millionaires, CEOs, and many more of the world’s most successful people. Jim shares some of the advice he gives to his clients to help them understand their goals and find the successful path to pursuing their biggest dreams.
David and Jim discuss:
Jim’s experience as a coach and how he found that career path
How micro goals can help you to accomplish your ultimate goal
How to overcome to the fear of failure and mitigate risk
How the “productive pause” helps many of the world’s most successful people, and how you can incorporate it into your life
About our Guest: Jim Harshaw Jr is a Personal Performance Coach and Executive Life Coach who helps people create the systems, habits, and routines of elite performers through his exclusive program called Reveal Your Path. Jim Harshaw has learned many life lessons on the wrestling mat. Having won three ACC Championships for the University of Virginia, trained at the Olympic Training Center and competed overseas for Team USA he has experienced significant triumph and devastating defeat. He shares those powerful lessons of failure, struggle and setback to empower his audiences to overcome their own challenges and achieve success despite their inevitable failures.
At the Virginia Athletics Foundation (VAF), Jim works with donors to connect them to the University of Virginia in ways that are meaningful to them. Jim’s is responsible for raising millions of dollars to fund scholarships, capital projects and endowments for consistently one of the top Division I college athletics programs in the nation.
Jim has consulted with businesses, nonprofits and athletic programs nationwide in regards to marketing, fundraising, lead generation, communications, and brand building. He has presented at over a dozen state and national conventions on the topics of fundraising, donor relations and marketing.
Financial planning in your 70s may look different from the planning process earlier in life. Clients may have different goals and priorities, and it’s important to make sure that those are being addressed.
But does your financial plan match up with these new priorities?
In this episode, David Pulcini sits down with Joe Prestigiacomo, CFP®, partner at SixPoint Financial Partners, to discuss six pieces of financial advice they give to clients who are in their 70s.
David and Joe discuss:
How recent changes to your RMDs could affect how much money you receive in retirement
How to use Roth conversions to your advantage
How to handle financial risk in your 70s
The importance of consolidating investment accounts
Why you need to sit down and review your important documents
Why you should book a meeting between your beneficiaries and your advisor
About our Guest: Joe Prestigiacomo began his career in the financial services industry in 2012, and today he provides comprehensive financial guidance to many clients. He graduated from St. John Fisher College – Rochester, NY where he earned a Bachelor of Science degree in Finance. He holds Series 7, 24, 66 and NYS Life, Health & Disability Insurance Licenses, and is a Certified Financial Planner™. Joe focuses on developing retirement income strategies as well as personalized risk management assessments and solutions.
Along with Joe’s knowledge and experience, his commitment to an outstanding level of client service is an integral part of his practice that he prides himself on. By developing a deep understanding of Joe’s clients’ individual situations, he is able to help them make well informed financial decisions with confidence.
Financial planning in your 60s is often considered by advisors to be the most important stage of your planning for your retirement.
But many are confused by contradicting pieces of advice from various different sources.
In this episode, David Pulcini speaks with Alex Neri, CFP®, RICP®, partner at SixPoint Financial Partners, about six pieces of financial advice he would give to clients in their 60s. Alex also includes one BONUS piece of advice that was too important to leave out.
Alex discusses:
How Social Security plays plays a huge role in your planning in your 60s
What Medicare decisions you need to make, and when the “cut-off” is
Whether long term insurance will cover your medical expenses in the future
About our Guest: Alex Neri is dedicated to helping people meet their financial goals through in-depth discussions and planning. He is a 2014 graduate of Mercyhurst University-Erie, PA where he earned a bachelor’s degree in Finance. He enjoys taking complex issues and breaking them down into simple and manageable financial goals. Specializing in working with individuals and families as Alex works to help them properly manage their retirement assets, develop risk mitigation strategies and uncover and resolve portfolio inefficiencies.
Are you in your fifties? How do you feel about your financial situation right now?
While you’re in your fifties, your life is starting to have some new milestones, and big financial and life changes are on the horizon. Are you looking at retirement soon? Are you going to sell your house after the kids move out? Should you start to move your money and investments around into new accounts?
In this episode, David Pulcini gets real about financial advice for people in their fifties, and answers the questions above, with Anthony Ruffalo, CFP®, owner of Ruffalo Wealth Management. David and Anthony share some advice to help you prepare for your final years working, starting retirement and all the decisions that surround this time in your life.
David and Anthony discuss:
How to figure out your retirement income targets
The importance of developing a long-term care plan, even if you don’t think you’ll use it
How to identify income gaps when you transition into retirement
How downsizing your home might make you hundreds of thousands of dollars
How the sequence of return risk could be what makes or breaks your bank account
About our Guest: Anthony Ruffalo is a CERTIFIED FINANCIAL PLANNER™ Practitioner. The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold a CFP® certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, only 62,000 individuals have obtained CFP® certification in the United States.
Anthony holds the series 24, 7, 66 securities licenses through LPL Financial as well as Life, Health, Long Term Care, Medicare Supplement, and Annuity licensures.
