Tag Archives: Mistakes

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The Real Power Behind a Power of Attorney with Neil Lyons, ESQ (Ep. 40)



As we get older, we want to be sure our and our family’s money is in the right hands.

But it is not always as simple as it sounds, and some minor mistakes can lead to horrendous consequences for the whole family.

In this episode, David Pulcini sits down with associate attorney Neil Lyons, ESQ, from Luhrsen Goldberg to talk about everything you need to know about setting up, or being a power of attorney and how to avoid some mistakes that could cost you your financial stability. 

David and Neil discuss: 

  • What is a power of attorney and what that entities you the power to do 
  • If you can take power of attorney over someone without their consistent 
  • How to not inform someone they are your power of attorney 
  • Some common mistakes that are made that turn out to be disastrous, not only financially but emotionally 
  • And more

Resources:

Estate Planning – Part Five of Six Points of Financial Planning with Neil Lyons, ESQ (Ep. 32) 

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About our Guest: Neil Lyons, ESQ, practices extensively in the realm of estate planning, elder law, and trust and probate administration. In this arena and since 2015, he has put his legal knowledge and desire to helping others to good end, contributing more than 500 hours of pro bono legal services to Sarasota and Manatee County residents.

Neil’s good deeds have been widely recognized, including by the Sarasota County Bar Association, which in 2018 awarded him with its Distinguished Community Service Award for “his dedication to helping the cause of the defenseless and oppressed through his countless hours of pro bono legal services.” More recently, in 2019, the Florida Bar recognized this with its President’s Pro Bono Service Award. 

Neil earned his Juris Doctor degree from Stetson University College of Law in 2011. Neil earned his Bachelor of Arts Degree with a major in History from the University of South Florida in 2004. He then went on to earn his Master’s Degree in Education from the University of South Florida in 2008.


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6 Common Mistakes Made in Financial Planning with Joe Prestigiacomo, CFP®, John Harms, CFP® and Alex Neri, CFP® (Ep.35)



When it comes to financial planning, making mistakes can end up being disastrous to your accounts, and can result in the loss of your own financial security for your retirement. 

In this episode, Joe Prestigiacomo, CFP®, John Harms, CFP® and Alex Neri, CFP® each give two examples they commonly see when it comes to financial planning.

David, Joe, John and Alex discuss: 

  • Why you should avoid having multiple retirement accounts
  • Taking your RMDs from the proper accounts
  • When you should be claiming Social Security 
  • Mistakes made when it comes to income planning through retirement 
  • Why you shouldn’t be too conservative with your accounts as you approach retirement
  • And more

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About Joe Prestigiacomo: 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.

About John Harms: 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

About Alex Neri: 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.


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The Truth About Sudden Wealth Planning with Marshal Scheidt (Ep.34)



Many people would consider being suddenly given millions of dollars a positive thing. But the truth is, oftentimes, this can bring many negative experiences for the recipient.

In this episode, David Pulcini is interviewed by his co-worker, Marshal Scheidt. As a partner at Six Point Financial Partners, Marshal joins David to discuss the reality behind what happens when someone suddenly is given a substantial sum of money, and the facts behind why those people seem to be broke just as quickly as they become wealthy.

David and Marshal discuss: 

  • The negative experiences that can come with suddenly getting millions of dollars
  • What you can do to prepare yourself to use the money in the best way possible for your financial future
  • The 4% rule of saving and spending money
  • Prioritizing goals with newfound money 
  • What to do when you inherit an IRA
  • Different types of inheritances you may run into 
  • And more

Resources:

Episode 33: Getting Financially Organized — Part Six of Six Points of Financial Planning with Adam Holt 

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About our Guest Host: 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.


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Getting Financially Organized — Part Six of Six Points of Financial Planning with Adam Holt (Ep. 33)



Very few people completely understand each of the assets that they hold, their value, and how they fit into their overall financial plan.

How can you and your advisor ensure that you are financially organized?

In this episode, David Pulcini speaks with Adam Holt, founder and CEO of Asset-Map about how his software helps advisors and their clients get financially organized. 

David and Adam discuss: 

  • How the Asset-Map software has simplified organization for your financial assets
  • The benefit of transparency with family members about your financial situation
  • Why you need to ensure that you have a plan for all of your assets, including investment real estate with non-family members
  • How asset maps can help to increase transparency with your financial team
  • How Asset-Map’s software can be used across various industries
  • And more

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About our Guest:

H. Adam Holt, Asset-Map’s Founder and CEO, was a financial planner frustrated by financial planning.

The long, research-packed reports he prepared for client meetings didn’t seem to engage clients or provide clarity. Adam realized that to better serve clients, he needed to help them focus on what matters most—making good financial decisions so they could reach their goals.

From that realization, Asset-Map was born. Created first as a tool used by Adam and his staff, his financial planning business became our software’s first success story as it grew by 300% revenue in three years and reached nearly $1 billion in assets in under a decade.

Today, Asset-Map is used by thousands of financial advisors across multiple currencies and languages to help families focus on what matters, make more engaged and confident decisions, and reach their financial goals.


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31. Tax Planning – Part Four of Six Points of Financial Planning



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 
  • And more

Resources:

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27. Understanding Your Retirement From a Public School View with Marshal Scheidt



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 
  • And more

Connect with Marshal Scheidt:

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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.

 


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26. What’s Going on in the Real Estate Market with Angelo Prestigiacomo



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
  • Where are people going after they sell  
  • And more

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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.

 


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23. 6 Things We Tell People in Their 60’s with Alex Neri



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
  • Making the most of your pension 
  • How to plan your inheritance properly 
  • And more

Resources:

Connect with David Pulcini: 

Connect with Alex Neri:

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.


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22. 6 Things We Tell People in Their 50’s with Anthony Ruffalo



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
  • And more

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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.


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21. 6 Things We Tell People in their 40’s



Planning for retirement in your forties can be incredibly stressful and overwhelming, which is why many people put off planning for their retirement until they no longer can. This can have financially damaging effects on the future. 

In this episode, David Pulcini covers six major points of financial planning that anyone in their forties needs to hear. These six points will help you to shape a retirement plan today that works for your future tomorrow. 

David discusses: 

  • How to determine how much you will need after retirement
  • How to take full advantage of tax breaks you might not be aware of 
  • How to know if you have the right insurance to take care of you and your family if tragedy strikes 
  • And more

Resources:

  1. “The Importance of Estate Planning — With Attorney Jerry Antetomaso”

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