Tag: Retirement

Financial Mistakes for Gen X to Avoid (Ep. 21)

Financial Mistakes for Gen X to Avoid (Ep. 21)

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Join Will Hoffman, AIF as he details eight financial blunders that many Gen Xers encounter and provides valuable guidance on how to steer clear of them.

Listen as Will touches on: 

  • The importance of setting clear goals and aligning them with your financial plan
  • How to make investment decisions based on long-term goals rather than short-term market fluctuations
  • The significance of implementing a tax planning strategy beyond the current year to minimize future tax burdens
  • Insights into the importance of saving and investing outside of retirement accounts to pursue financial independence
  • 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.

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.

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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How to Navigate the Founders Exit Paradox with Jerome Myers (Ep. 20)

How to Navigate the Founders Exit Paradox with Jerome Myers (Ep. 20)

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Are you a business owner contemplating an exit?

In this episode, Jerome Myers, PE, MBA, PMP, and business exit coach shares his journey from corporate America to specializing in helping business owners face the challenges associated with exiting their business.

Jerome discusses: 

  • The “Six Centers of Doubt” that business owners experience
  • How his framework helps individuals successfully transition away from corporate America 
  • The importance of focusing on the human element of a profession rather than the financial benefits
  • And more

Connect with Will Hoffman: 

Connect with Jerome Myers:

About Our Guest: 

Jerome Myers is an award-winning engineer, investor, mentor, and business strategist who helps founders navigate their Exit Paradox through his masterminds and coaching programs.  

 Prior to leaving his corporate leadership position, Jerome built a $20 million, 175-person division of a Fortune 550 company from scratch.  He now uses his project management, engineering and business expertise to advise business leaders on key areas such as: leadership strategy, process improvement, sales and data analytics in real estate, financial services, business services, and health care to help his clients double their revenue, time off and charitable giving.

Jerome is also a general partner in a multifamily real estate portfolio and serves on the North Carolina Agricultural and Technical State University Entrepreneurship Advisory Board.

In 2022, Jerome won the prestigious alumni achievement award for the North Carolina A and T State University College of Engineering where a fully endowed scholarship has been created in his family’s name.  A noted media expert, Jerome has been featured in Business Insider, Black Enterprise, Entrepreneur, Biznow, CBS, ABC and Fox.

 Jerome has interviewed numerous newly exited operators (NEOs) on his top-ranked Dreamcatchers podcast which provides inspiration, education and direction to his audience of founders who are building companies to sell after they exit the “Matrix”.

Jerome Myers is not affiliated with or endorsed by LPL Financial and Hoffman Wealth Management.

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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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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The MTV Generation and Retirement (Ep. 2)

The MTV Generation and Retirement (Ep. 2)

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When it comes to pop culture, Gen Xers changed everything. We are the kids of the ‘MTV generation’ that watched music morph from radio to video. 

Now that we’re a little older, transitioning into retirement is the next big change.

In this episode, Will Hoffman addresses questions about planning for retirement, and concerns about the volatile market. He also dishes on the early days of MTV, his favorite VJ, and why he still listens to Dr. Dre and Snoop Dog.  

Will discusses: 

  • Why retirement will look different from our parents and how to plan accordingly
  • What type of “homework” we need to do as we plan for retirement 
  • How his firm’s process approaches the needs of Generation X
  •  What changes you can make if the market is extremely volatile
  • 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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Welcome to the Monetary Mixtape With Will Hoffman – A Podcast about Wealth Management for Gen Xers (Ep. 1)

Welcome to the Monetary Mixtape With Will Hoffman – A Podcast about Wealth Management for Gen Xers (Ep. 1)

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Do you remember when pizza on a Friday night was a treat, and blasting music through your boombox rocked your world? If you’re a proud member of Generation X, then this podcast is for you! 

Set to the vibes of Generation X this is not your everyday podcast about financial advice. This podcast gives a voice to a forgotten generation of people who can benefit from monetary help that will affect their lifestyle and future.

In this episode, Will Hoffman talks about the vision he has for this podcast, as well as his 20-year journey to become a financial advisor who can relate to Gen Xers and their unique position in the financial landscape.

Listen in as Will discusses:

  • Why he decided to become an independent financial advisor 
  • How he plans to help Gen Xers gain financial independence
  • What he finds fascinating about marathons 
  • Why he thinks it’s important to share his knowledge with school-aged children
  • 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. He works with a variety of clients from Millennials to retirees in Greensburg, Irwin, Murrysville, Monroeville and Pittsburgh, PA. as well as a variety of areas across the country.

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.



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