Estate Planning – Wealth on the Move

5 Outdated Financial Practices to Leave Behind in 2026 (Episode 49)

By Wealth on the Move | May 7, 2026

Summary: In this episode of Wealth on the Move, hosts Will Hoffman and Brynn Tarbuck discuss five outdated practices in the wealth management industry that need to be left behind. They explore the ineffectiveness of dinner seminars, the rise of financial influencers, the misconceptions surrounding life insurance as an investment, and the importance of integrated financial advice. The conversation emphasizes the need for a client-centered approach and the dangers of siloed advice in financial planning. In this conversation, Will and Brynn discuss the importance of collaboration among financial professionals, the challenges of founder limitations in firms, and the need for a client-centric approach in the financial profession. They emphasize the significance of integrating various professional insights to provide comprehensive financial advice and the necessity of building firms that can thrive beyond their founders.

Resources:

Wealth on the Move Episode with Ben Carlson

Takeaways:

The wealth management industry needs to evolve and leave behind outdated practices.
Dinner seminars often create a forced quid pro quo that doesn’t serve clients’ best interests.
Financial influencers can provide valuable content, but their advice should be vetted for credibility.
Life insurance is a tool for protection, not primarily an investment vehicle.
Siloed advice from different financial professionals can lead to misaligned strategies and poor outcomes.
Education-based seminars are preferable to high-pressure sales tactics.
Clients should seek validation from licensed professionals before acting on financial advice.
Integrated financial planning requires collaboration among advisors, accountants, and attorneys.
Relying on social media for financial decisions can be risky without proper validation.
A comprehensive financial plan should include multiple strategies and tools, not just one product. It’s important to move accountants into advisory roles.
Collaboration among professionals leads to better client outcomes.
Financial advisors need to consider lifetime tax implications.
Siloed advice can harm clients’ financial plans.
Building relationships with other professionals is crucial.
Firms should focus on values to ensure growth.
A founder’s limitations can bottleneck a firm’s potential.
Legacy building is essential for sustainable business.
Client-centric approaches improve overall service.
Professionals should strive to be agents of change.

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Ben Carlson: Why “Buy and Hold” Still Wins (Even After a 30-Year Market Crash) (Episode 48)

By Wealth on the Move | April 23, 2026

Summary: In this episode, Ben Carlson discusses long-term investing, the importance of diversification, managing investor psychology, and insights from his new book ‘Risk and Reward’. He shares lessons from Japan’s stock market history, debunks common investing myths, and emphasizes the value of simplicity and discipline in wealth management.

Resources:

Key topics:

Long-term investing and buy-and-hold strategy
Lessons from Japan’s stock market history
The importance of diversification and avoiding concentration risk
Managing investor psychology and behavioral biases
Insights from Ben Carlson’s new book ‘Risk and Reward’

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Disclosure: Ben Carlson and Ritholtz Wealth Management are not affiliated with Hoffman Wealth Management and Private Advisor Group.

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Why There Is No Such Thing as the “Perfect” Portfolio with Cullen Roche (Episode 42)

By Wealth on the Move | January 29, 2026

Summary: In this episode of Wealth on the Move, host Will Hoffman speaks with Cullen Roche, author of ‘Your Perfect Portfolio.’ They discuss Cullen’s background in financial advisory, the challenges of portfolio management, and the importance of creating a personalized investment strategy. Cullen emphasizes the pitfalls of performance chasing, the significance of diversification, and the behavioral aspects of investing. The conversation also touches on the difference between saving and investing, the need for realistic expectations, and the difficulties of consistently beating the market. Ultimately, they advocate for a sound financial plan tailored to individual needs rather than a one-size-fits-all approach. In this conversation, Cullen Roche discusses the complexities of financial planning, emphasizing that there is no one-size-fits-all approach to creating a perfect portfolio. He highlights the importance of adapting investment strategies over time, particularly as personal circumstances change, such as having children. The discussion also delves into the psychological aspects of investing, particularly how market losses can trigger emotional responses and the role of financial media in shaping investor behavior. Roche introduces the concept of time horizons in financial planning, advocating for a structured approach to asset allocation that considers both short-term and long-term needs.

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Takeaways:

Cullen Roche emphasizes the importance of a personalized portfolio.
Performance chasing can lead to poor investment decisions.
Diversification is crucial for managing risk in portfolios.
Investing should be viewed as a methodical planning process.
Understanding the difference between saving and investing is key.
Setting realistic expectations is vital for investors.
The challenge of beating the market is significant.
Behavioral finance plays a critical role in investment success.
A sound financial plan should guide investment strategies.
Good diversification means not all parts of the portfolio perform well at the same time. Your perfect portfolio is about navigating towards your goals.
There is no single recipe for financial success.
Money changes over time, and so should your strategy.
Your financial needs will evolve as life circumstances change.
Children introduce new financial considerations and time horizons.
Long-term planning requires adaptability and foresight.
Understanding risk is crucial for effective financial planning.
Market losses trigger emotional responses tied to future consumption.
Financial media often amplifies fear and uncertainty.
A structured approach to asset allocation can provide peace of mind.

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How to Teach Kids About Money (Financial Literacy, Allowance & Investing for Children) with Maya Corbic, CPA (Episode 39)

By Wealth on the Move | January 8, 2026

Summary: In this episode of Wealth on the Move, host Will Hoffman and guest Maya Corbic discuss the critical importance of teaching financial literacy to children. They explore Maya’s journey as a first-generation immigrant and CPA, her insights on how to engage kids in financial conversations, and practical tips for parents to instill money management skills in their children. The conversation also addresses common myths about kids and money, the role of technology in financial education, and the importance of creating financially confident adults for future generations.

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Takeaways:

Teaching kids about money is essential for their future.
Parents often know more than they think and can teach their kids.
Financial literacy should start as early as age four or five.
Kids can understand the difference between needs and wants.
Engaging kids with relatable examples makes learning fun.
Allowance should be viewed as a tool for teaching money management.
Mistakes made with money should happen when stakes are low.
Generational wealth can be changed through education.
Schools often lack the resources to teach financial literacy effectively.
Financial confidence comes from understanding and practice.

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Maya Corbic, CPA, CA and Teach Kids Money Club are not affiliated with Hoffman Wealth Management and Private Advisor Group.

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2026 Market Outlook: AI, Interest Rates, Layoffs & What Investors Should Do Now | Bill Mann from Motley Fool (Episode 38)

By Wealth on the Move | January 1, 2026

Summary: In this episode of Wealth on the Move, host Will Hoffman and guest Bill Mann, Chief Investment Strategist at Motley Fool Asset Management, discuss the annual outlook for 2026. They reflect on the unpredictable nature of market predictions, the impact of political policies on the economy, and the importance of understanding market concentration, particularly in technology. The conversation also covers the Federal Reserve’s role in managing interest rates and employment, the challenges facing middle America, and strategies for investors to prepare their portfolios for economic changes. Additionally, they explore geopolitical considerations and the need for Europe to reset its economic policies. In this conversation, Bill Mann and Will Hoffman explore various economic themes, including surprising GDP statistics from unexpected states, the potential of emerging markets, and the ongoing revolution in AI. They discuss the implications of infrastructure challenges on market dynamics, identify promising sectors for investment, and anticipate potential black swan events that could impact the economy in 2026. The conversation concludes with strategic advice for investors and recommendations for influential voices in finance.

Resources:

Takeaways:

Every firm does an annual outlook, including Hoffman Wealth Management.
Bill Mann emphasizes the unpredictability of CEO predictions.
The market doesn’t recognize the calendar; financial planning is year-round.
Motley Fool Asset Management aims to support individual investors during market stress.
The name ‘Motley Fool’ reflects a tradition of truth-telling in finance.
2025 was marked by significant economic shifts due to political policies.
Market concentration in technology raises concerns for future stability.
Interest rates and employment are key focuses for the Federal Reserve.
The economy is bifurcated, with disparities between financial markets and middle America.
Investors should consider value-driven and momentum strategies in their portfolios. Germany’s economic performance is surprising compared to smaller US states.
Emerging markets like Brazil and Korea present unique investment opportunities.
AI adoption is still in its early stages, akin to the internet boom.
AI is reshaping job markets, creating new roles while enhancing existing ones.
Infrastructure development in the US faces significant challenges and delays.
Investors should focus on high-quality companies with growth potential.
Japan’s market may outperform others in the coming year.
Black swan events, like geopolitical tensions, could disrupt markets.
Investors should reassess their portfolios for quality and alignment with beliefs.

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Bill Mann and Motley Fool Asset Management are not affiliated with Hoffman Wealth Management and Private Advisor Group.

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23 Lessons From 23 Years as a Financial Advisor | Wealth, Investing & Retirement Planning (Episode 37)

By Wealth on the Move | December 4, 2025

Summary: In this episode of Wealth on the Move, host Will Hoffman reflects on his 23 years in the wealth management industry, sharing valuable lessons learned throughout his career. He emphasizes the importance of having a solid financial plan, understanding cash flow, and recognizing the emotional aspects of financial decision-making. Hoffman also discusses the significance of teamwork in financial planning and how money can be a tool for happiness when used intentionally.

Takeaways:

A plan matters more than any single investment.
Cashflow discipline will beat investment brilliance.
Time in the market is greater than timing the market.
Taxes will quietly erode your wealth more than you realize.
Diversification works even when it feels like it doesn’t.
Most of the risk in your financial lives is emotional.
The right portfolio for you is the one you can stick with.
Big financial mistakes usually happen during big life transitions.
You don’t need more financial products. You need more clarity.
Wealth is a team sport.

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Caregiving, Finances, and Family: ‘My Mother’s Money’ and the Hidden Costs of Care w/ Beth Pinsker (Episode 35)

By Wealth on the Move | November 13, 2025

Summary: In this episode of Wealth on the Move, host Will Hoffman speaks with Beth Pinsker, a personal finance columnist and author of ‘My Mother’s Money.’ They discuss the challenges of caregiving, the complexities of financial responsibilities, and the importance of having essential documents in place. Beth shares her personal journey of navigating her mother’s illness and the financial decisions that arose, emphasizing the need for open conversations about money within families. The episode highlights the emotional and practical aspects of caregiving and offers valuable insights for listeners.

Resources:

Takeaways:

Caregiving often intertwines with financial responsibilities.
Bad financial decisions are common in caregiving situations.
Having essential documents like power of attorney is crucial.
Families need to communicate openly about finances.
Financial planning is not just about investments; it’s about life decisions.
The sandwich generation faces unique challenges in caregiving.
Understanding financial structures can prevent future issues.
Storytelling can facilitate important family discussions.
Navigating healthcare and financial systems is complex and often frustrating.
Preparation can alleviate stress during caregiving crises.

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

By Wealth on the Move | August 14, 2025

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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Connect with Kelly Bender:

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Navigating Market Volatility | Insights from Q2 with Andrew Opdyke (Episode 25)

By Wealth on the Move | August 7, 2025

Summary: In this episode of Wealth on the Move, host Will Hoffman and Senior Economist Andrew Opdyke discuss the current state of the markets, focusing on the second quarter’s volatility, the Federal Reserve’s stance on interest rates and inflation, the impact of AI on business and investment, and the upcoming midterm elections. They also provide insights into portfolio strategies for the third quarter and reflect on historical lessons that can guide future decisions.

Resources:

Takeaways:

It’s time in the market, not timing the market that matters.
Data-driven insights are crucial for accurate forecasting.
Emotions can lead to irrational market reactions.
The second quarter saw significant market swings due to tariffs.
The Federal Reserve is cautious about cutting rates amid uncertainty.
AI is transforming industries and enhancing productivity.
Historical context is essential for understanding current market dynamics.
Investors should maintain a diversified portfolio.
The U.S. remains a strong place for business growth.
Perspective from history can guide future financial decisions.

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

By Wealth on the Move | July 24, 2025

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:

SV Coaching Website

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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