Tag Archives: RMD

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5 Reasons People Seek Help From Financial Advisors (Ep. 50)



The Dear Rochester, Retire Well podcast has officially released its 50th episode! 🥳

To celebrate this milestone, David Pulcini gives listeners a glimpse into his personal life in under 40 seconds and runs through five of the most common reasons people seek out the expertise of a financial advisor.

David discusses: 

  • Making the most out of your investment accounts
  • What to do with outdated insurance policies
  • Getting serious about retirement planning
  • Handling inheritances
  • Changing jobs and why your money may need to change with it

Resources:

Book Time with David Pulcini:

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Disclosures:

Securities offered by Registered Representatives of Private Client Services. Member FINRA / SIPC. Advisory services offered by Investment Advisory Representatives of RFG Advisory, a registered investment advisor. Private Client Services, Six Point Financial Partners, and RFG Advisory are unaffiliated entities. Advisory services are only offered to clients or prospective clients where RFG Advisory and its representatives are properly licensed or exempt from licensure. No advisory services may be rendered by RFG Advisory unless a client agreement is in place.


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Answering FAQs with Alex Neri, CFP®, RICP® (Ep. 49)



Alex Neri, CFP®, RICP® is back on the podcast to tackle some of clients’ most frequently asked questions. 

In this episode, David and Alex provide insight and answers to questions they get the most from clients. They use examples that may apply to you and your finances, now or in the coming years. 

David and Alex answer these FAQs: 

  • Should I change my investments with the market the way that it is?
  • Where do I put my money if I’m looking to earn higher interest?
  • Can I still retire in these market conditions?
  • Should I pay off my mortgage?
  • And more

Connect with Alex Neri: 

Book Time with David Pulcini:

Connect with David Pulcini: 

About our Guest: 

Alex is dedicated to helping people meet their financial goals through in-depth discussions and planning. He enjoys taking complex issues and breaking them down into simple and manageable financial goals. Alex specializes in working with individuals and families as he works to help them properly manage their retirement assets, develop risk mitigation strategies and uncover and resolve portfolio inefficiencies.


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Financial Planning in a Digital Era (Ep. 48)



With the rise of the internet and social media, financial advice has never been easier to find but there is such a thing as too much advice.

It’s hard to know what’s best for your money and you don’t want to make a mistake that could cost you dearly in the future.

In this episode, David Pulcini answers the question “what do financial advisors do all day” along with the risks you’re taking by attempting a financial plan on your own. He breaks down what the process looks like for new advisors and more.

David discusses: 

  • Why too much financial advice can cloud your needs
  • The added value having an advisor has to your financial success
  • And more

Resources:

Book Time with David Pulcini:

Connect with David Pulcini: 

Securities offered by Registered Representatives of Private Client Services. Member FINRA / SIPC. Advisory services offered by Investment Advisory Representatives of RFG Advisory, a registered investment advisor. Private Client Services, Six Point Financial Partners, and RFG Advisory are unaffiliated entities. Advisory services are only offered to clients or prospective clients where RFG Advisory and its representatives are properly licensed or exempt from licensure. No advisory services may be rendered by RFG Advisory unless a client agreement is in place.


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Investment Planning 101 with Rick Wedell (Ep. 47)



Financial planning is SixPoint Financial Partners’ specialty – we have experience in investment planning, but we’re not experts in it.

So we brought one on the podcast.

In this episode, David Pulcini has Rick Wedell, Chief Investment Officer at RFG, to talk about one of the six points – investment planning – and who better to do it than Rick? He was magna cum laude at Harvard School of business and helped build Bain Capital Credit from 14 employees and $300 million under management to $30 billion under management by the time he left.

Rick shares: 

  • What a typical day as CIO might look like for him
  • A breakdown of strategic asset allocation
  • A crash course on tax loss harvesting
  • And more

Connect with Rick:

Book Time with David Pulcini:

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About our Guest: 

As the Chief Investment Officer for RFG Advisory Group, Rick is directly responsible for the direction and management of RFG’s investment strategies, setting the vision for their research capabilities, and managing a turn-key investment platform engineered to help their advisors and their clients with their most pressing investment needs. He previously spent over a decade at Bain Capital Credit, where he was the Head of the Consumer Group as well as an assistant Portfolio Manager for an $8bn CLO business.




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6 Reasons Why You Should Only Have 1 Advisor (Ep. 46)



Teamwork is great, but you want to keep your circle as small as possible when it comes to your financial planning. You may think that having two advisors will make you more competitive, but it just makes things harder for yourself!

In this episode, David Pulcini and Marshal Scheidt share six of the many reasons why you should limit your number of financial advisors to one. David also shares the one scenario where it may make sense to have two advisors and more.

David and Marshal discuss: 

  • The six reasons why having more than one advisor is not a good idea
  • How lack of coordination in planning can hurt your financial planning
  • Different opinions can cause conflicts for your future
  • How easily miscommunications between advisors can lead to significant financial impact
  • And more

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The 2 Sides of the Retirement Spectrum with Alex Neri, CFP®, RICP® (Ep. 45)



What happens when you’re ready to retire but not quite there financially?

In this episode, David Pulcini hosts Alex Neri, CFP®, RICP®, as they cover two of the most common scenarios they see when clients prepare for retirement. Alex talks about the different approaches to take before running out of money in your retirement years.

David and Alex discuss: 

  • A scenario in which you have done a great job at saving and retire with more than enough money
  • The opposing scenario in which you are coming up short before retirement
  • Two strategies to bridge the gap between what you can afford and the lifestyle you want
  • And more

Resources:

Connect with Alex Neri:

Book Time with David Pulcini:

Connect with David Pulcini: 

About our Guest: 

Alex is dedicated to helping people meet their financial goals through in-depth discussions and planning. I enjoy taking complex issues and breaking them down into simple and manageable financial goals. I specialize in working with individuals and families as I work to help them properly manage their retirement assets, develop risk mitigation strategies and uncover and resolve portfolio inefficiencies.




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5 Major Financial Milestones After 55 with Alex Neri, CFP®, RICP® (Ep. 44)



Between the ages of 55 and 72, you’ll face five major financial milestones. Are you prepared to take them on?

In this episode, David Pulcini hosts Alex Neri, CFP®, RICP®, to discuss the major financial milestone timeline he has developed and refined over the years. We also discuss one of people’s biggest mistakes within this 17-year timeline.

David and Alex discuss: 

  • The actual age you are eligible to take distributions from your 401(k)
  • When, in the timeline, you receive full access to funds in your 401(k) or IRA.
  • What major milestone occurs across several mini-milestones
  • Clearing the air about Medicare
  • And more

Connect with Alex Neri:

Book Time with David Pulcini:

Connect with David Pulcini: 

About our Guest: 

Alex is dedicated to helping people meet their financial goals through in-depth discussions and planning. I enjoy taking complex issues and breaking them down into simple and manageable financial goals. I specialize in working with individuals and families as I work to help them properly manage their retirement assets, develop risk mitigation strategies and uncover and resolve portfolio inefficiencies.

 


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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:

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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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24. 6 Things We Tell People in Their 70’s with Joe Prestigiacomo



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 
  • And more

Resources:

Connect with David Pulcini: 

Connect with Joe Prestigiacomo:

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.


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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.