Tag Archives: personal finance

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6 Tips When Changing Careers with Nate Hasto Investment Advisor Representative for Six Point Financial Partners (Ep.39)



Applying for a new job can be both exciting and overwhelming as you try to decipher different salaries, benefits, and other components of the new job– It can be easy to be attracted to the pay rate and not read into what is not included in the new position.

In this episode, David Pulcini sits down with fellow Six Point Financial Partners Advisor, Nate Hasto to talk about Nate’s 6 tips he has for anyone thinking of or currently changing their careers.  

David and Nate discuss: 

  • What benefits you should be looking for in your next career
  • Why sometimes a job that pays a higher salary can actually end up paying you less in the long-term 
  • Different types of professional development opportunities to look for when applying to different careers 
  • The pros and cons of working from home and a flexible schedule 
  • And more

Resources:

Dear Rochester, Retire Well episode 31. Tax Planning – Part Four of Six Points of Financial Planning 

Book Time with David Pulcini:

Schedule a Call

Connect with David Pulcini: 

Connect with Nate Hasto:

About our Guest: 

After years of sharing new learnings in personal finance outside of Nate’s corporate work schedule, he discovered that continuing to learn and teach financial strategies was more than something he simply enjoyed – it was his true passion and vocation. There is nothing more rewarding to Nate than spending time helping his clients feel heard and empowered to face their greatest financial and planning questions with confidence.

 


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Risk Mitigation While Investing For a Client’s Portfolio with Alexander Oxenham, CFA (Ep. 38)



It’s not hard to be overwhelmed by economic news about the real estate market, interest rates, inflation and even cryptocurrency.

But which protection strategies actually work? What should you be doing to ensure you are truly mitigating your risk within your portfolio? 

In this episode, David Pulcini sits down with Alex Oxenham, CFA, partner and co-chief investment officer at Hilton Capital Management to talk about the company’s experience and practices when it comes to investing. David and Alex share why Hilton Capital Management uses the economic cycle to determine whether or not they should take more or less risks for clients’ portfolios. 

David and Alex discuss: 

  • Different strategies that the Hilton team uses when determining how much risk a client can handle in their portfolio
  • Where the markets could be heading in the next few years based on current events
  • A number of investing and stock picking tips
  • The ideal client for Hilton and the various strategies they incorporate
  • And more

Book Time with David Pulcini:

Schedule a Call

Connect with David Pulcini: 

Connect with Alex Oxenham:

About our Guest: Alex Oxenham joined Hilton Capital in 2011 from HSBC Private Bank in New York where he was a Senior Portfolio Manager and Voting Member on the HSBC Private Bank Investment Policy Committee for the Americas region. 

Prior to HSBC, Oxenham worked in portfolio management for Mercantile Bankshares, Bankers Trust Alex Brown/Brown Advisory, and Bank of America. Oxenham holds a B.S. in International Business from the University of Maryland, an MBA in Finance from American University, and is a CFA charterholder. Oxenham is also a CFA Institute member and a member of the New York Society of Security Analysts.


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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

Connect with David Pulcini: 

Connect with Joe Prestigiacomo:

Connect with John Harms:

Connect with Alex Neri:

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 

Connect with David Pulcini: 

Connect with Marshal Scheidt:

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

Connect With Adam Holt:

Connect with David Pulcini: 

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



Planning for the future can feel overwhelming, and knowing how to properly manage your estate in your later years can seem intimidating. 

But it doesn’t have to be a difficult process!

In this episode, David Pulcini talks to attorney Neil Lyons, ESQ, from Luhrsen Goldberg to remove the confusion and stress from estate planning. David and Neil explain why estate planning is often overlooked, but is such an important part of one’s financial wellbeing. 

David and Neil discuss: 

  • How relocation affects your estate plan
  • What can happen if you don’t address changes in your estate plan before you move states
  • Assisted living and estate planning
  • How much time it takes to make a accurate and actionable estate plan
  • What can happen when your beneficiaries don’t line up on all your documents 
  • And more

Connect with David Pulcini: 

Connect with Neil Lyons:

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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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:

Connect with David Pulcini: 


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30. Retirement Income Planning – Part Three of Six Points of Financial Planning with John Harms CFP, RICP®



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
  • What comes next, once you have your plan in place
  • And more

Connect with David Pulcini: 

Connect with John Harms: 

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

 


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29. Risk Management – Part Two of Six Points of Financial Planning with Eric Eveland



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  
  • And more

Connect with David Pulcini: 

Connect with Eric Eveland: 

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. 

 


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28. Investment Planning – Part One of Six Points of Financial Planning with Kevin Simpson



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  
  • How Kevin got into this type of fund management 
  • Capital Wealth Planning’s ideal client 
  • Kevin’s opinion on crypto markets 
  • And more

Resources:

Connect with David Pulcini: 

Connect with Kevin Simpson: 

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.