Wealth on the Move – Page 2 – Wealth on the Move

The Critical Role of Tax Planning in Financial Success (Episode 8)

By Wealth on the Move | January 9, 2025

Summary: In this episode of Wealth on the Move, hosts Will Hoffman and Brynn Tarbuck delve into the critical topic of tax planning and its significant impact on wealth management. They discuss the difference between tax planning and tax preparation, emphasizing the importance of proactive strategies to optimize tax situations over time. The conversation highlights the necessity of starting tax planning early, the need for a shift in mindset regarding tax preparation, and the value of working with specialists in the field. The hosts provide insights on how to approach tax planning tactically and strategically, ensuring that listeners understand the long-term benefits of thoughtful financial decisions.

Resources:

12 Point Tax Review Check List

Connect with Will Hoffman:

Takeaways:

Tax planning is crucial for wealth management.
Proactive tax strategies can significantly impact financial outcomes.
Tax preparation is merely a historical record of past actions.
Understanding the difference between tax planning and preparation is essential.
Starting tax planning early can lead to better financial health.
Regular check-ins on tax situations are important for long-term success.
Shifting the narrative from compliance to strategy is key.
A tactical approach to tax planning can yield substantial savings.
Collaboration with specialists enhances tax planning effectiveness.
Long-term tax strategies can alleviate stress during retirement.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Empowering the Next Generation with Financial Knowledge with Tim Smith from The Financial Dad (Episode 7)

By Wealth on the Move | January 2, 2025

Summary: In this episode of Wealth on the Move, host Will Hoffman interviews Tim Smith, the creator of The Financial Dad podcast. They discuss the importance of financial education for young adults, the gaps in current financial literacy, and the motivation behind creating a platform that simplifies complex financial concepts. Tim shares his experiences and insights on how to effectively communicate financial knowledge to those who may not have had exposure to it, particularly focusing on the needs of entrepreneurs and the younger generation. In this conversation, Tim and Will discuss the importance of financial education, particularly for young adults. They reflect on their own experiences with financial literacy, the role of family in learning about personal finance, and the challenges faced by new entrepreneurs. Tim shares insights on transitioning from a long career in financial services to new ventures, emphasizing gratitude and the pursuit of new challenges. The discussion also touches on the significance of honoring past experiences while looking forward to future opportunities.

Connect with Will Hoffman:

Connect with The Financial Dad:

Takeaways:

Retirement is no longer defined by age but by personal choice.
Coaching helps individuals rediscover their purpose during transitions.
The Retirement Wheel assesses various life aspects beyond finance.
Legacy is about love and impact, not just financial wealth.
Many retirees experience a sense of loss and need support to find purpose.
Ageism affects perceptions of self-worth in retirement.
It’s essential to nurture relationships during retirement.
Fear of change can prevent individuals from pursuing their passions.
Self-reflection is crucial in understanding one’s journey.
Honoring endings can lead to new beginnings and growth.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Redefining Retirement and Embracing Change with Suzanne Campi (Episode 6)

By Wealth on the Move | December 19, 2024

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.

Resources:

Visit Suzanne’s website: Suzanne Campi Coaching
Wheel of Retirement by Suzanne Campi: Design your dream retirement – download the Wheel of Retirement worksheet and start mapping your new life balance!

Connect with Will Hoffman:

Connect with Suzanne Campi:

Takeaways:

Retirement is no longer defined by age but by personal choice.
Coaching helps individuals rediscover their purpose during transitions.
The Retirement Wheel assesses various life aspects beyond finance.
Legacy is about love and impact, not just financial wealth.
Many retirees experience a sense of loss and need support to find purpose.
Ageism affects perceptions of self-worth in retirement.
It’s essential to nurture relationships during retirement.
Fear of change can prevent individuals from pursuing their passions.
Self-reflection is crucial in understanding one’s journey.
Honoring endings can lead to new beginnings and growth.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Understanding Lifestyle Creep: How to Keep Your Spending in Check and Build Wealth (Episode 2)

By Wealth on the Move | October 24, 2024

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

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Welcome to Wealth on the Move- A Podcast with Will Hoffman on Keeping Your Wealth In Motion: Meet the Hosts

By Wealth on the Move | October 10, 2024

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.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More