Tag: Finances

Podcast image showing the title "Monetary Mixtape" podcast with Will Hoffman
What It’s Like to Lose a Parent with Eve Simon of the GenX Stories Podcast (Ep.19)

What It’s Like to Lose a Parent with Eve Simon of the GenX Stories Podcast (Ep.19)

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No one knows the pain and suffering of losing a parent until it happens to them.

In today’s episode, Eve Simon, founder and co-host of the GenX Stories Podcast joins Will to not only share her love of being a member of the best generation there is but also what it’s like to lose a parent.

Listen as she tells of her close relationship with her father, how his death impacted her role as an only child, and how grateful she is to him for having his finances in order prior to his death.

Reminisce about your childhood, while facing truths about your present as Eve discusses:

  • How so many Gen Xers are ‘sandwiched’ between looking after children and their aging parents, and what that means for their lifestyle and relationships
  • The parallel experiences shared by Gen Xers across different regions and backgrounds
  • How attending her 25th college reunion spurred the GenX Stories Podcast
  • The importance of having close-knit relationships to help you through ‘mid-life’ experiences like divorce, or the death of a parent
  • Why you need to have a conversation surrounding estate planning with your folks 
  • And more

Resources:

Connect with Eve Simon:

About Our Guest: 

A lapsed Philosophy major with an MFA in theatrical lighting design and 26 years of experience in the web design industry, Eve is the executive producer & host of GenX Stories. By day, she is the founder & chief storyteller at Eve Simon Creative but will always be an 80’s Madonna girl at heart and may or may not be obsessed with Ampersands. 

Eve Simon and GenX Stories Podcast are not affiliated with or endorsed by LPL Financial and Hoffman Wealth Management.

Connect with Will Hoffman: 

About Our Host: 

Will Hoffman is a financial advisor and the Founder of Hoffman Wealth Management, a firm dedicated to helping professionals create wealth plans that revolve around their financial goals. Will has 20 years of experience in the financial services industry and is passionate about becoming his client’s most trusted financial ally. 

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Hoffman Wealth Management are separate entities from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.  No offers may be made or accepted from any resident of any other state.

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Raising Money-Smart Kids with Justin Chung (Ep. 17)

Raising Money-Smart Kids with Justin Chung (Ep. 17)

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Financially unaware children often become financially unaware adults.

To help you raise money-smart kids, our guest, Justin Chung, host of the MoneyDad podcast, emphasizes the importance of incorporating money into your everyday routines and conversations with your children.

As fathers, Will and Justin discuss:

  • The advantages of introducing financial education to children at a young age
  • Opportunities for money discussions in everyday activities
  • How they encourage their own children to tap into their entrepreneurial mindset
  • Examples of how parents and children can benefit from learning financial concepts 
  • And more

Resources:

Connect with Will Hoffman: 

Connect with Justin Chung: 

About Our Guest: 

Justin Chung is a successful real estate investor, podcast host, husband, and father of two boys. He became interested in real estate investing in 2007 after purchasing a student rental property in Waterloo, Ontario with his father’s help. He continued to acquire more properties and built a multi-million dollar real estate portfolio through joint ventures while working a full-time job. In 2012. His mother passed away, which served as a catalyst for him to pursue his real estate investing goals and help family and friends build long-term wealth. He has received awards from the Real Estate Investment Network and Canadian Real Estate Wealth Magazine for his success in real estate investing.

Becoming a father in 2014 further inspired him to teach his children about money and wealth building. He believes in the importance of raising money-smart kids and has made it his goal to inspire other parents to have meaningful conversations with their children about money. He curates actionable and practical knowledge on strategies, tactics, and mindset secrets to help parents teach their kids about money and build wealth.

Justin Chung and MoneyDad podcast are not affiliated with or endorsed by LPL Financial, Hoffman Wealth Management, or Private Advisor Group.

About Our Host: 

Will Hoffman is a financial advisor and the Founder of Hoffman Wealth Management, a firm dedicated to helping professionals create wealth plans that revolve around their financial goals. Will has 20 years of experience in the financial services industry and is passionate about becoming his client’s most trusted financial ally. 

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Hoffman Wealth Management are separate entities from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.  No offers may be made or accepted from any resident of any other state.

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Taking Charge of Your 401k (Ep. 16)

Taking Charge of Your 401k (Ep. 16)

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Generation X was born between 1965 and 1980, which means the oldest of the bunch are approaching their “retirement years.”

In this episode, Will Hoffman breaks down the differences between traditional and Roth 401ks and helps you determine which plan fits your goals and financial needs. You’ll also learn about managing assets, matching contributions, and the impact of taxes on your retirement plan. Plus, get insights into the history and evolution of the 401k and the importance of planning ahead to master your financial future. 

Gain insight into:

  • The history and evolution of the 401k retirement plan
  • Differences between traditional and Roth 401ks
  • How taxes can impact your retirement plan
  • The importance of planning ahead so you can become a master of your financial future
  • And more!

Resources:

Education Planning Series:

Connect with Will Hoffman: 

About Our Host: 

Will Hoffman is a financial advisor and the Founder of Hoffman Wealth Management, a firm dedicated to helping professionals create wealth plans that revolve around their financial goals. Will has 20 years of experience in the financial services industry and is passionate about becoming his client’s most trusted financial ally. 

This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal or investment advice. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

Contributions to a traditional 401(k) may be tax deductible in the contribution year, with current income tax due at withdrawal.  Withdrawals prior to age 59 ½ may result in a 10% IRS penalty tax in addition to current income tax.

A Roth 401(k) offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Hoffman Wealth Management are separate entities from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.  No offers may be made or accepted from any resident of any other state.

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Tips on Planning Your Taxes with Josh Jones (Ep. 10)

Tips on Planning Your Taxes with Josh Jones (Ep. 10)

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After a challenging year for the market, there are bound to be changes regarding tax season.

Even though you haven’t filed for 2022, now is a good time to know what’s in store for 2023 so you can make adjustments to your portfolio, or save side hustle expense receipts. 

In this week’s edition of the Monetary Mixtape podcast, Josh Jones, President of CompFinO Tax & Accounting Services, joins Will Hoffman to discuss taxes, savings, and sports.

Listen as Josh discusses:

  • Tax changes Gen Xers should be aware of
  • What to claim if you have a side hustle
  • Why you should ask your employer to include a Roth in your 401K
  • And more!

Connect with Josh Jones: 

Connect with Will Hoffman: 

About Our Guest: 

Joshua Jones, CPA is the owner of CompFinO (formally BeanCounters Tax and Accounting Services). CompFinO is a licensed CPA firm and a full-service payroll provider, specializing in tax preparation for small business and individuals. They provide customized solutions for all your accounting needs, such as tax preparation, bookkeeping, bill pay, tax planning, and payroll. Josh, together with his team, have served small businesses and individuals for the past 10 years, and their office is located in Southpointe. Josh received his undergraduate degree from Duquesne University, and has served on the board of the Washington County Habitat for Humanity for the last 6 years, three of those years as Treasurer. 

Joshua Jones and CompFinO are not affiliated with or endorsed by LPL Financial, Hoffman Wealth Management, or Private Advisor Group.

About Our Host: 

Will Hoffman is a financial advisor and the Founder of Hoffman Wealth Management, a firm dedicated to helping professionals create wealth plans that revolve around their financial goals. Will has 20 years of experience in the financial services industry and is passionate about becoming his client’s most trusted financial ally. 

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Hoffman Wealth Management are separate entities from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.  No offers may be made or accepted from any resident of any other state.

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Stepping into 2023 with Jeffery Roach from LPL Financial (Ep. 9)

Stepping into 2023 with Jeffery Roach from LPL Financial (Ep. 9)

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Remember back in high school and how boring Economics class was? As teenagers we just didn’t care about the ups and downs, or twists and turns of the economy. But now, as a Gen Xer, we have more interest because we are more invested.

Join Will and his guest Jeffrey Roach, Ph.D. Chief Economist at LPL Financial to discuss the economic landscape in 2022, and what is on the horizon for 2023. 

Listen as Jeff discusses:

  • What Gen Xers spend most of their annual total spending on
  • Highlights from the LPL Financial Outlook 
  • How the Feds are preparing for the recession, and what you can do
  • And more 

 Resources:

 Connect with Jeffrey Roach:

 Connect with Will Hoffman: 

About Our Guest: 

Jeffrey Roach is a financial economist with a background in capital markets, global macroeconomic research and portfolio management. Jeff started out in the Bank of America trading floor where he advised traders on what was happening in the markets and why, to an asset management firm where he helps shape investing decisions by evaluating and forecasting market trends, consumer behavior, and global risk. Jeff enjoys speaking about economics to a wide range of audiences. Jeffrey is currently the chief economist at LPL Financial.

About Our Host: 

Will Hoffman is a financial advisor and the Founder of Hoffman Wealth Management, a firm dedicated to helping professionals create wealth plans that revolve around their financial goals. Will has 20 years of experience in the financial services industry and is passionate about becoming his client’s most trusted financial ally. 

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Hoffman Wealth Management are separate entities from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.  No offers may be made or accepted from any resident of any other state.

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Unwrapping Gen X Toys with Jon Reddick (Ep. 8)

Unwrapping Gen X Toys with Jon Reddick (Ep. 8)

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With the holiday season upon us, Will invites Jon Reddick from GenXGrownUp to reminisce about some of the most memorable toys that were unwrapped on Christmas morning. 

Jon is a well-credentialed nerd of the 80’s, a classic game fan, and a technology geek who explores and celebrates media, games, tech and toys from his childhood. 

In this episode, Will and Jon discuss:

  • Popular toys and gifts from the 70’s, 80’s and 90’s 
  • Their favorite toys from their childhood
  • Why the shopping mall experience has changed over the years
  • How toy manufacturers would market to Gen X kids
  • And More!

Resources:

Connect with Jon Reddick:

Connect with Will Hoffman: 

About Our Guest: 

Jon Reddick is a well-credentialed nerd of the 80s, classic game fan, and technology geek. He merged those interests into the creation of GenXGrownUp: a weekly podcast and YouTube channel which explores and celebrates media, games, tech, toys, comics, and pop culture of yesterday and today through the eyes of Generation X’ers.

About Our Host: 

Will Hoffman is a financial advisor and the Founder of Hoffman Wealth Management, a firm dedicated to helping professionals create wealth plans that revolve around their financial goals. Will has 20 years of experience in the financial services industry and is passionate about becoming his client’s most trusted financial ally. 

Jon Reddick and GenXGrownUp are not affiliated with or endorsed by LPL Financial, Private Advisor Group, or Hoffman Wealth Management.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Hoffman Wealth Management are separate entities from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.  No offers may be made or accepted from any resident of any other state.

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Year End Financial Moves for Gen Xers (Ep. 7)

Year End Financial Moves for Gen Xers (Ep. 7)

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December 31st is the last day for you to make decisions that will impact your taxes, and your financial plans for 2023. Are you prepared?

In this episode, Will provides 10 financial tips to help you be in a better financial position at the end of the year. Listen in as he touches on important moves like investing, tax deductions, and emergency funds.

And in the spirit of the holidays, Will lists his top 5 holiday movies; the Gen X edition.

Join in, and prepare for the new year as Will discusses:

  • Why you should review your cash flow due to the 2022 inflation
  • The areas of your estate planning you should update before the end of the year
  • Why you should revisit your investment goals, and how to rebalance your portfolio
  • And more!

Resources:

Connect with Will Hoffman: 

 

About Our Host: 

Will Hoffman is a financial advisor and the Founder of Hoffman Wealth Management, a firm dedicated to helping professionals create wealth plans that revolve around their financial goals. Will has 20 years of experience in the financial services industry and is passionate about becoming his client’s most trusted financial ally. 

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Hoffman Wealth Management are separate entities from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.  No offers may be made or accepted from any resident of any other state.

Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.

Rebalancing a portfolio may cause investors to incur tax liabilities and/or transaction costs and does not assure a profit or protect against a loss.

This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.

 

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Figure It Out with Cam Marston: Part 2 (Ep. 6)

Figure It Out with Cam Marston: Part 2 (Ep. 6)

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From the stock market crash of 1987, to the death of Princess Diana just a decade later, these are just some of the crystallizing moments experienced by generation X.

In part 2 of this series, Will Hoffman and Cam Marston build upon their conversation about generational shifts, and go into more detail about the events that shaped Gen X behaviors and their outlook on the world.

Listen as Will and Cam discuss: 

  • Why this generation tends to be more independent and skeptical
  • What notable events impacted Gen Xer behaviors and outlook 
  • How the parenting movement of building self esteem shaped Gen Xers growing up
  • Why this is the most influential time of their lives, and how that reflects in the workplace
  • And more

Resources:

Connect with Cam Marston:

Connect with Will Hoffman: 

About Our Guest: 

Cam Marston is an author, advisor, radio talk show host, and top-rated keynote speaker on the trends shaping the workplace and marketplace. His presentations are informative, engaging, humorous, and full of concrete research that is tailored to his audience. Cam enlivens the data with anecdotes, tales from the real business world, attention-grabbing visuals, and quips that make the messages and actionable strategies memorable.

About Our Host:

Will Hoffman is a financial advisor and the Founder of Hoffman Wealth Management, a firm dedicated to helping professionals create wealth plans that revolve around their financial goals. Will has 20 years of experience in the financial services industry and is passionate about becoming his client’s most trusted financial ally. 

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Hoffman Wealth Management are separate entities from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.  No offers may be made or accepted from any resident of any other state.

Cam Marston is not affiliated with or endorsed by LPL Financial, Private Advisor Group, or Hoffman Wealth Management.

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Figure It Out with Cam Marston: Part 1 (Ep. 5)

Figure It Out with Cam Marston: Part 1 (Ep. 5)

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Today we have tweens, the period after adolescence, and before the teenage years.

But back in the late 80’s and early 90’s, we referred to this cohort as ‘latchkey kids.’ A time when parents left children at home to ‘figure it out’ while they were at work. With the increase of working mothers, and divorced parents, kids were propelled into becoming independent at an earlier age. 

And as generation X grew, that same independence and their ‘figure it out’ mentality helped them climb the ladder of success. However, it also hindered them as they navigated corporate life, and having to work collaboratively as a team.

In Part 1 of this 2-part series Will Hoffman talks to our special guest Cam Marston, an author, advisor, radio talk show host, and top-rated keynote speaker on the trends shaping the workplace and marketplace. 

Listen in as Will and Cam discuss: 

  • Why Gen X were celebrated for things that historically had not been celebrated
  • The differentiators between Baby Boomers and Gen X
  • Why peer reviews are so important
  • And more

Resources:

Connect with Will Hoffman: 

Connect with Cam Marston:

About Our Guest: 

Cam Marston is an author, advisor, radio talk show host, and top-rated keynote speaker on the trends shaping the workplace and marketplace. His presentations are informative, engaging, humorous and full of concrete research that is tailored to his audience. Cam enlivens the data with anecdotes, tales from the real business world, attention-grabbing visuals and quips that make the messages and actionable strategies memorable.

About Our Host: 

Will Hoffman is a financial advisor and the Founder of Hoffman Wealth Management, a firm dedicated to helping professionals create wealth plans that revolve around their financial goals. Will has 20 years of experience in the financial services industry and is passionate about becoming his client’s most trusted financial ally. 

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Hoffman Wealth Management are separate entities from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.  No offers may be made or accepted from any resident of any other state.

Cam Marston is not affiliated with or endorsed by LPL Financial, Private Advisor Group, or Hoffman Wealth Management.

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8 Timeless Principles When It Comes To Investing (Ep. 3)

8 Timeless Principles When It Comes To Investing (Ep. 3)

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Music from any generation is timeless, but what sets Gen X apart is that we birthed hip hop and transformed rock and roll into heavy metal. Some of the most timeless albums were produced during our coming of age. 

This episode echoes the timelessness of music; investing principles that will never go out of style. 

Join Will as he details:

  • Why you should never try to time the markets
  • How ‘shiny object syndrome’ can work against you
  • Why it’s important to delegate the details of your investment portfolio
  •  How you should focus on what you can control
  • And more!

Resources:

Connect with Will Hoffman: 

About the host: 

Will Hoffman is a financial advisor and the Founder of Hoffman Wealth Management, a firm dedicated to helping professionals create wealth plans that revolve around their financial goals. Will has 20 years of experience in the financial services industry and is passionate about becoming his client’s most trusted financial ally. 

 

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Hoffman Wealth Management are separate entities from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. 

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.  No offers may be made or accepted from any resident of any other state.



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