Tag: Investment

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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Navigating Money and Mindfulness with Michele Walter (Episode 4)

Navigating Money and Mindfulness with Michele Walter (Episode 4)

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Summary: In this episode of Wealth on the Move, host Will Hoffman engages in a deep conversation with Michele Walter, certified professional coach, mindfulness meditation teacher, and owner of Life From the Summit. They explore the intersections of mindfulness, money management, and the unique challenges faced by Generation X. They discuss the importance of emotional awareness in financial decisions, the impact of societal pressures on spending habits, and the significance of navigating life transitions with consciousness. Michelle shares her personal journey from law to coaching, emphasizing the need for individuals to connect with their feelings and values to make wise financial choices. The conversation highlights the concept of ‘not enoughness’ and how it can drive both ambition and irrational spending, ultimately encouraging listeners to embrace their full human experience.

Resources:

Connect with Will Hoffman: 

Connect with Michele Walter:

Takeaways:

  • Mindfulness is crucial in understanding our relationship with money.
  • Emotions play a significant role in financial decision-making.
  • Not enoughness is a common human experience that can drive behavior.
  • It’s important to validate feelings of inadequacy instead of dismissing them.
  • Financial decisions should honor personal values, not societal expectations.
  • Toxic positivity can hinder genuine emotional processing.
  • Life transitions often require a reevaluation of financial goals.
  • Envy can serve as a teacher, revealing what we truly desire.
  • Wise responses to financial stress can lead to better outcomes.
  • Understanding the root of our spending habits can help us make more conscious choices.

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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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