Category: Fitness

Healthy Wealthy Longevity: A New Prospective with Jon Sabes (Episode 28)

Healthy Wealthy Longevity: A New Prospective with Jon Sabes (Episode 28)

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Summary: In this episode of Wealth on the Move, host Will Hoffman engages with John Sabes, author of ‘Healthy Wealthy Longevity.’ They discuss the critical importance of longevity as a financial risk, the role of self-care and health in financial planning, and the impact of lifestyle choices on longevity. John shares insights on epigenetics and how our lifestyle influences gene expression, emphasizing the need for individuals to invest in their health to ensure a vibrant life as they age. The conversation also touches on the future of health and wealth innovation, and the importance of planning for uncertainty in life expectancy.

Resources:

Takeaways:

  • Longevity is a significant risk to retirement portfolios.
  • Self-care and health are crucial for a fulfilling life.
  • Investing in yourself is the best financial decision.
  • Lifestyle choices greatly influence longevity and health.
  • Epigenetics shows that our lifestyle affects gene expression.
  • Planning for retirement must consider the unpredictability of life expectancy.
  • The worst outcome in aging is to be alone and poor.
  • Financial advisors should focus on holistic well-being, not just investments.
  • Maintaining muscle mass is vital for health span and longevity.
  • Living with purpose and connection enhances overall longevity.

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John Sabes and Longevity Financial Partners are not affiliated with Hoffman Wealth Management and Private Advisor Group. This presentation is not intended as specific financial advice for any individual.

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The NIL Revolution: Transforming College Sports with Kristi Dosh (Episode 27)

The NIL Revolution: Transforming College Sports with Kristi Dosh (Episode 27)

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Summary: In this episode of Wealth on the Move, host Will Hoffman and NIL expert Kristi Dosh delve into the transformative landscape of Name, Image, and Likeness (NIL) in college sports. They discuss the evolution of NIL rules, the financial implications for student-athletes, and the importance of building a personal brand through social media. Kristi shares insights on navigating contracts, the role of agents, and the tax responsibilities that come with NIL deals. The conversation also highlights the future of NIL, including market inefficiencies and undervalued opportunities for athletes.

Resources:

Takeaways:

  • NIL has revolutionized the financial landscape for college athletes.
  • The rules around NIL have changed significantly since July 2021.
  • Athletes must navigate a complex and evolving NIL environment.
  • Written contracts are essential for NIL deals to avoid misunderstandings.
  • Many athletes may not need agents but should consider hiring attorneys.
  • Tax implications are a crucial aspect of NIL earnings for athletes.
  • Social media presence is vital for building a personal brand.
  • Athletes should diversify their content beyond just their sport.
  • NIL opportunities can extend into coaching and clinics for athletes.
  • The future of NIL may see more states allowing high school athletes to participate

Connect with Will Hoffman: 

Kristi Dosh and Business of College Sports are not affiliated with Hoffman Wealth Management and Private Advisor Group. Hoffman Wealth Management and Private Advisor Group do not provide tax or legal advice. This presentation is not intended as specific financial,  tax or legal advice for any individual. Please consult with qualified professionals for these types of advice.

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All About the One Big Beautiful Bill Act with Tax Wizard Kelly Bender (Episode 26)

All About the One Big Beautiful Bill Act with Tax Wizard Kelly Bender (Episode 26)

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Summary: In this episode of Wealth on the Move, host Will Hoffman and tax expert Kelly Bender dive deep into the implications of the new OB3 tax law and what it means for both business owners and individual taxpayers. They explore the importance of understanding business entity structures, the impact of payroll tax updates, and the necessity of long-term tax strategies. Key topics include changes to income tax brackets, retirement account contributions, child tax credits, and state and local tax (SALT) deductions. They discuss the permanence of the Qualified Business Income (QBI) deduction, updates to depreciation rules, and investment incentives such as Qualified Opportunity Zones and qualified small business stock. Kelly shares insights from her upcoming book aimed at helping new entrepreneurs navigate the complexities of starting a business, while also addressing common tax myths and the importance of proactive planning for future generations. Throughout the conversation, they emphasize how OB3’s changes require individuals and businesses to adapt to an evolving tax landscape in order to maximize benefits and maintain compliance.

Resources:

Takeaways:

  • Many small business owners don’t fully understand their entity structure.
  • OB3 introduces significant tax code changes impacting individuals and businesses.
  • QBI deduction is now permanent for small business owners.
  • Income tax brackets have been adjusted, but many won’t feel the impact.
  • Retirement contributions are now tied to inflation.
  • Child tax credit will increase to $2,200 per child by 2025.
  • New senior deduction of $6,000 for those over 65.
  • SALT deduction cap increased to $40,000.
  • Qualified Opportunity Zones can defer or eliminate taxes on gains.
  • Qualified small business stock offers significant tax benefits.
  • Payroll tax compliance is essential under new rules.
  • Depreciation rules now allow faster write-offs for capital investments.
  • Proactive, long-term tax planning can save money in the long run.
  • Common tax myths can lead to poor financial decisions.
  • Asking questions is vital for entrepreneurs starting out.

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Fitness & Finance: How Discipline Builds Wealth and Wellness with Stan Vaccari (Episode 24)

Fitness & Finance: How Discipline Builds Wealth and Wellness with Stan Vaccari (Episode 24)

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Summary: In this episode of Wealth on the Move, host Will Hoffman sits down with fitness expert Stan Vaccari to explore the deep parallels between physical fitness and financial wellness. Together, they discuss how both pursuits demand discipline, accountability, and a long-term strategic mindset. Vaccari draws from his experience in health coaching to emphasize the value of online coaching, the importance of tracking progress, and the common hurdles faced when starting new fitness or financial goals. The conversation touches on the underrated power of walking, post-workout nutrition strategies, and the lifelong benefits of investing in oneself. Reflecting on personal choices and growth, Will and Stan also delve into how historical perspectives shape current trends — including the evolving role of AI in our lives. Like training for a marathon or building wealth, success is best achieved with patience, consistency, and purpose.

Resources:

Takeaways:

  • Fitness and finance are interconnected and influence each other.
  • Online coaching can provide better accountability and results than in-person training.
  • Discipline in training leads to improvements in other areas of life.
  • Starting points in fitness and finance are often the most challenging.
  • Setting clear goals and engineering a plan is crucial for success.
  • Slow and steady progress is more sustainable than quick fixes.
  • Accountability is key to maintaining fitness and financial goals.
  • Boring routines can lead to significant results over time.
  • Measuring progress is essential in both fitness and finance.
  • You don’t need expensive gadgets to track your fitness effectively.
  • Walking is a powerful fitness habit that can significantly reduce health risks.
  • Post-workout nutrition can be unconventional yet effective.
  • Investing in personal development is crucial for long-term success.
  • Life choices, such as education paths, can shape future opportunities.
  • Understanding and utilizing AI is essential for future success.

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Connect with Stan Vaccari: 

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