Summary: In this episode of Wealth On The Move, host Will Hoffman engages with retirement coach Suzanne Campi to explore the evolving concept of retirement. They discuss the importance of coaching through life transitions, the creation of the Retirement Wheel, and the significance of legacy and purpose beyond financial planning. Suzanne shares insights on navigating unexpected retirements, overcoming ageism, and the role of relationships in a fulfilling retirement. The conversation emphasizes the need for self-reflection and honoring endings as individuals transition into this new phase of life.
Wheel of Retirement by Suzanne Campi: Design your dream retirement – download the Wheel of Retirement worksheet and start mapping your new life balance!
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.
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.
Summary: In this episode, hosts Will Hoffman and Brynn Tarbuck delve into the concept of money dysphoria, exploring how feelings and perceptions about money can lead to a profound sense of dissatisfaction. They discuss the impact of generational experiences, the role of social media in shaping financial perceptions, and the importance of creating a balanced financial plan. The conversation emphasizes the need for honest discussions about financial goals and the significance of having a plan in place to navigate financial uncertainties. Resources for mental health and financial advice are also shared to help listeners manage their financial well-being.
Takeaways:
Money dysphoria refers to a profound sense of dissatisfaction with one’s financial situation.
Lifestyle creep can lead to overspending and financial stress.
Younger generations are more concerned about financial stability due to past economic crises.
Social media can distort perceptions of wealth and success.
Having a financial plan is essential for peace of mind and financial independence.
It’s important to differentiate between needs and wants in financial planning.
Creating a budget helps in understanding cash flow and spending habits.
Regularly revisiting financial plans can help alleviate irrational fears about money.
Resources are available to support mental health in relation to financial concerns.
Balance in spending and saving is key to enjoying life while being financially responsible.
Summary In this episode of Wealth on the Move, hosts Will Hoffman and Brynn Tarbuck discuss the concept of lifestyle creep, particularly how increased income can lead to increased spending. They emphasize the importance of financial planning, aligning spending with personal values, and preparing for potential financial setbacks. The conversation also covers strategies to combat lifestyle creep, the significance of insurance, and the necessity of making informed financial decisions. The hosts encourage listeners to take action against overspending and to plan for a financially secure retirement.
Takeaways
Lifestyle creep occurs when income increases lead to increased spending.
It’s important to enjoy your money while also saving for the future.
Financial independence requires a balance between spending and saving.
Understanding your values is crucial in financial decision-making.
Debt can become a significant issue if lifestyle spending is not controlled.
Having a financial plan helps in managing cash flow effectively.
Insurance should be updated to match your financial situation.
Acknowledging overspending is the first step to addressing it.
Long-term planning is essential for a secure retirement.
It’s never too late to start a financial plan.
Get your copy of “The Great Spending Balance” by clicking the link here: https://www.fmgwebsites.com/af1def90-2c76-4c9d-a296-95eeb9c6b878/the-great-spending-balance-love-your-life-today-whilelove-your-life-today-while-saving-for-tomorrow
In the first ever episode of Wealth on the Move, hosts Will Hoffman and Brynn Tarbuck discuss the transition from Will’s previous podcast format to a new focus on wealth management for busy families and active retirees. They emphasize the importance of client-centric financial advice, the evolution of the wealth management industry, and the role of technology in enhancing client interactions. The conversation also touches on personal insights, future aspirations, and a light-hearted rapid-fire question segment that reveals more about the hosts’ personalities.
Takeaways
Wealth on the Move focuses on busy families and active retirees.
Client-centric wealth management is crucial for success.
The evolution of the wealth management industry has improved client outcomes.
Technology allows for more flexible client interactions.
Personal experiences shape the approach to wealth management.
Building relationships with clients is key to effective financial advice.
The podcast aims to simplify financial concepts for listeners.
Understanding clients’ goals is essential for effective planning.
The hosts share personal anecdotes to connect with the audience.
Continuous learning and adaptation are vital in the financial industry.
With constant changes and external pressures, finding our true purpose in life, establishing inner peace, and maintaining financial alignment can seem like an overwhelming task.
What changes can Gen X’ers make to find true balance?
In this episode of the Monetary Mixtape podcast, Will Hoffman chats with Michele L. Walter, certified professional coach, mindfulness meditation teacher, and owner of Life From the Summit.
Michele shares her personal journey from being a lawyer to a mindfulness coach and how mindfulness meditation transformed her life. Michele explores the power of mindfulness meditation, finding gratitude in challenging situations, and how to align financial decisions with personal values.
Michele discusses:
Her journey to mindfulness and coaching
The concept of mindfulness and the importance of awareness and compassion
Her personal experience as a Gen X’er and how reaching the age of 40s and 50s often leads to existential questions about our purpose in life
Where expectations come from and the difference between personal desires and societal pressures
The importance of core values and purpose
The value of making small steps in various aspects of life
Michele L. Walter is the founder of Life From the Summit. She is an Associate Certified Coach (ICF), Certified Professional Coach (iPEC), Certified Mindful Meditation Teacher (SoundsTrue), Certified NUSHU Facilitator, seasoned litigator, 3-time Ironman, runner, mountaineer, and dog mom living in the beautiful Colorado mountains.
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.
Michele Walter and Life From the Summit are not affiliated with or endorsed by LPL Financial and 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.
In the landscape of college sports, the concept of Name, Image, and Likeness (NIL) has emerged as a game-changer for student-athletes and represents a profound shift in how collegiate athletes can engage with their personal brands and seize opportunities beyond the playing field.
In this episode of the Monetary Mixtape podcast, Will Hoffman sits down with Justin King, Founder of L.I.G. Sports Group to delve into the world of NIL and the opportunities it presents for college athletes. Listen as Justin emphasizes the importance of athletes building an authentic brand so they can earn money through endorsements and social media, and he also debunks the misconception that NIL is solely about quick money.
Join the discussion as Will and Justin touch on:
The potential benefits and challenges of the new NIL
How to determine the value and potential monetary benefits for high school athletes
How high school athletes can carry over their NIL endorsements to college
The importance of evaluating opportunities at different campuses
How you can benefit from early exposure to professional marketing in sports and the differences between team sports and individual sports
Justin’ King’s career in the sports industry began at 9 years old when he was quickly immersed in the game while serving as a ball boy and equipment manager for the Duquesne University Dukes in Pittsburgh, PA.
King has a breadth of experience in every aspect of the football industry. In 2014, he joined the Cleveland Browns’ scouting department, where he worked on a college scouting analytical project for the 2014 NFL Draft.
After garnering success as a business development manager for ATI Physical Therapy in Dallas, TX, King joined his alma mater, Penn State University, as a Recruiting Coordinator in 2017. During that time, King identified and recruited top talent across the country, securing the highest-ranking recruiting class in PSU history in 2018 and achieving an average commit rating of 92.12 with the 2019 recruiting class (which ranked 3rd in the country). King also earned an M.S. in Sports Administration from the University of Miami (FL).
In 2019, King was selected by Commissioner Oliver Luck and SVP Doug Whaley to join the XFL League Office in Stamford, CT as the Manager of Football Operations. There, King oversaw football operations and college personnel and led the integration of the new playing rules and innovative gameplay to ensure continuity, safety, and entertainment value for fans.
King is a leader amongst men with a passion for mentoring young professionals in the field. He is regarded by friends, family, and acquaintances as a knowledgeable, no nonsense, dependable resource and ally with a competitive drive for excellence and keen emotional intelligence. He currently resides in Pittsburgh, PA with his wife and daughter.
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.
Justin King and L.I.G. Sports Group are not affiliated with or endorsed by LPL Financial and 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.
The opinions voiced in this material are for general information only and are 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.
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.
Wondering what role Roth IRAs and Roth Conversations play in your retirement plan?
In this episode of the Monetary Mixtape podcast, Will Hoffman discusses the importance of understanding Roth IRAs and Roth IRA conversions for retirement planning. He explains the benefits of Roth IRAs, contribution limits, and the five-year waiting period as it pertains to those approaching retirement (Gen X) and those currently enjoying their golden years.
He also touches on the possibility of increasing taxes and the advantages of having a tax-free bucket of money!
Gain insightful knowledge about:
The role Roth IRAs and Roth conversions play in your retirement plan
How Gen Xers can effectively diversify their investment portfolio to mitigate risk within retirement savings
The difference between tax planning and tax filing – where to obtain effective, strategic advice about tax planning during your career and retirement
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.
The opinions voiced in this material are for general information only and are 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.
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.
A Roth IRA 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. Limitations and restrictions may apply.
Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA.
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
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.
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
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.
