Month: December 2024

Redefining Retirement and Embracing Change with Suzanne Campi (Episode 6)

Redefining Retirement and Embracing Change with Suzanne Campi (Episode 6)

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Summary: In this episode of Wealth On The Move, host Will Hoffman engages with retirement coach Suzanne Campi to explore the evolving concept of retirement. They discuss the importance of coaching through life transitions, the creation of the Retirement Wheel, and the significance of legacy and purpose beyond financial planning. Suzanne shares insights on navigating unexpected retirements, overcoming ageism, and the role of relationships in a fulfilling retirement. The conversation emphasizes the need for self-reflection and honoring endings as individuals transition into this new phase of life.

Resources:

Connect with Will Hoffman: 

Connect with Suzanne Campi:

Takeaways:

  • Retirement is no longer defined by age but by personal choice.
  • Coaching helps individuals rediscover their purpose during transitions.
  • The Retirement Wheel assesses various life aspects beyond finance.
  • Legacy is about love and impact, not just financial wealth.
  • Many retirees experience a sense of loss and need support to find purpose.
  • Ageism affects perceptions of self-worth in retirement.
  • It’s essential to nurture relationships during retirement.
  • Fear of change can prevent individuals from pursuing their passions.
  • Self-reflection is crucial in understanding one’s journey.
  • Honoring endings can lead to new beginnings and growth.

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Your 2024 Last-Chance Financial Planning Checklist (Episode 5)

Your 2024 Last-Chance Financial Planning Checklist (Episode 5)

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Summary: In this episode, hosts Will Hoffman and Brynn Tarbuck discuss essential year-end financial planning strategies. They emphasize the importance of consulting with a CPA, reviewing tax situations, and preparing for the upcoming year. The conversation also touches on investment strategies, insurance reviews, and considerations for young professionals entering the workforce. As the year comes to a close, they encourage listeners to reflect on their financial goals and make necessary adjustments to ensure a prosperous new year.

Takeaways:

  • Schedule a discussion with your CPA before year-end.
  • Review your income and tax situation as the year closes.
  • Max out retirement contributions if possible.
  • Consider Roth IRA conversions based on your income.
  • Revisit your investment goals and strategies regularly.
  • Ensure your insurance coverage is adequate and up-to-date.
  • Discuss any major life changes with your financial advisor.
  • Utilize year-end checklists to stay organized.
  • Engage in financial planning early in your career.
  • Reflect on your financial goals as the new year approaches.

Resources:

  1.  2024 Last-Chance Financial Planning Checklist
  2.  Contact Us Today!
  3. Will’s Episode with Lizette Cloete, Caring for a loved one with dementia can be overwhelming, and financial planning often gets overlooked. Have you considered how to manage finances while providing care?Insights from Will Hoffman of https://www.hoffman-wealthmanagement.com/ emphasized the complexities involved in managing assets for loved ones and the transformative impact of estate planning, urging us to prioritize legal documentation such as powers of attorney to streamline decision-making processes.

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