Episodes

  • Giving & Legacy
    Oct 25 2024

    As we approach the end of the year and the season of generosity, it is appropriate to address the topic of gifting. Gifting money and assets is not as straightforward as it may seem. Assuming you will receive a tax deduction for charitable contributions is often incorrect and can result in a reduced charitable contribution than otherwise intended.

    Also, there’s no hard and fast rule that you must give to 501(c)(3) organizations. Sometimes effective giving means looking beyond the tax savings so see how you can effect the most good for the people around you. Join Ben and Brent as they delve into this subject and we hope you glean a thing or two from the conversation.

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    About your Hosts

    Ben Jones

    Managing Director, National Wealth Management Group

    www.nwmgadvisors.com

    Author, www.karastick.com

    @thekaratstick

    https://www.linkedin.com/in/ben-nwmg/

    __

    Brent Gargano, CFPⓇ

    Founder & Advisor, Infinite Wealth Planning

    www.infinitewealthplanning.com

    linkedin.com/in/brent-gargano-cfp®-2067b573

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    Follow our socials to support the podcast; see extra clips and announcements!

    Instagram: https://www.instagram.com/moneyalchemistpod/

    X: https://twitter.com/moneyalchpod

    Facebook: https://www.facebook.com/profile.php?id=61556458987483

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    Editor

    Trevor Gargano

    Trevor@nwmgadvisors.com

    https://www.linkedin.com/in/trevor-gargano-72727b67/

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    Disclosure:

    The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

    Securities offered through LPL Financial, Member FINRA & SIPC.. Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.

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    52 mins
  • How to Increase Your Income
    Sep 27 2024

    What is your default setting when confronted with the prospect of saving more? Do you immediately think about how you can cut expenses or do you think about different ways to increase your income? There is a limit to how much you can reduce your expenses, especially if you have dependents. Your ability to earn, on the other hand, is open ended. There are realistic limits, of course, but many never reach their true income potential. Join Ben and Brent as they discuss some different ways you can do this.

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    About your Hosts

    Ben Jones

    Managing Director, National Wealth Management Group

    www.nwmgadvisors.com

    Author, www.karastick.com

    @thekaratstick

    https://www.linkedin.com/in/ben-nwmg/

    __

    Brent Gargano, CFPⓇ

    Founder & Advisor, Infinite Wealth Planning

    www.infinitewealthplanning.com

    linkedin.com/in/brent-gargano-cfp®-2067b573

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    Follow our socials to support the podcast; see extra clips and announcements!

    Instagram: https://www.instagram.com/moneyalchemistpod/

    X: https://twitter.com/moneyalchpod

    Facebook: https://www.facebook.com/profile.php?id=61556458987483

    ______

    Editor

    Trevor Gargano

    Trevor@nwmgadvisors.com

    https://www.linkedin.com/in/trevor-gargano-72727b67/

    ______

    Disclosure:

    The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

    Securities offered through LPL Financial, Member FINRA & SIPC.. Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.

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    1 hr and 5 mins
  • The Future Of Advice
    Sep 7 2024

    Low cost investment providers such as Vanguard have commoditized investing, pushing wealth managers to broaden their scope to deliver value. When “S&P and chill” effectively summarizes a sensible approach to wealth building, what more is there for advisors to do? Just as Warren Buffett’s advice “be fearful when others are greedy, and greedy when others are fearful” is easy in concept, difficult in application, so is optimal wealth management.

    Managing wealth effectively involves much more than selecting investments. It involves managing emotions, career, tax liabilities, and purpose. Growing advice practices have embraced all aspects of managing wealth using a holistic life coaching approach. Effective Advisors understand that there are just some needs the “S&P and chill” approach cannot address and seek to fulfill qualitative human needs.

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    About your Hosts

    Ben Jones

    Managing Director, National Wealth Management Group

    www.nwmgadvisors.com

    Author, www.karastick.com

    @thekaratstick

    https://www.linkedin.com/in/ben-nwmg/

    __

    Brent Gargano, CFPⓇ

    Founder & Advisor, Infinite Wealth Planning

    www.infinitewealthplanning.com

    linkedin.com/in/brent-gargano-cfp®-2067b573

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    Sources

    McKinsey & Company Wealth Management 2030 Study:

    https://www.mckinsey.com/industries/financial-services/our-insights/on-the-cusp-of-change-north-american-wealth-management-in-2030

    Summary:

    • 420k advisors in the US and Canada
      • 80,000 are CFPs
    • Advisors aging - down to 25% under 44 years old from 33% in 2010
      • 7,000 advisors expected to retire in the next 5 years
    • Advisors will need to cater more to Millenials and Gen X as wealth transfers
    • Planning is shifting to be more goal based, requiring the integration of behavioral coaching/mindset management
      • Only 39% of affluent families have a written financial plan
    • Fees are shifting to be more subscription focused or ongoing vs one time and commissions
    • Advisors are becoming more diverse - Women currently represent 33% but likely to be 50% over time, minorities currently 20% go to 40%, and 50% will be 30-40 years old
    • Advisors will shift from investment managers to focus on insurance, banking, healthcare, protection, estate, and tax.
    • Advisors will have more transparent user ratings, as opposed to word-of-mouth business
    • Successful advisory firms will be able to leverage technology to drive costs down to remain competitive as automated options become more prevalent
      • 2 models that can win:
        • Broader servicing larger amounts of clients at scale
        • Hyper focused planning for HNW clients - currently 60% of the revenue generated by advisors

    ______

    Follow our socials to support the podcast; see extra clips and announcements!

    Instagram: https://www.instagram.com/moneyalchemistpod/

    X: https://twitter.com/moneyalchpod

    Facebook: https://www.facebook.com/profile.php?id=61556458987483

    ______

    Editor

    Trevor Gargano

    Trevor@nwmgadvisors.com

    https://www.linkedin.com/in/trevor-gargano-72727b67/

    ______

    Disclosure:

    The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

    Securities offered through LPL Financial, Member FINRA & SIPC.. Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.

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    50 mins
  • Spending in Retirement
    Aug 24 2024

    Saving for retirement is a challenge, perhaps one of life’s greatest challenges. It requires a sacrificial mindset that favors tomorrow over today. This mindset can eventually calcify, becoming an ingrained personality trait. Shifting this mindset in retirement can be an even greater challenge, but is necessary to live with an optimal quality of life.

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    About your Hosts

    Ben Jones

    Managing Director, National Wealth Management Group

    www.nwmgadvisors.com

    Author, www.karastick.com

    @thekaratstick

    https://www.linkedin.com/in/ben-nwmg/

    __

    Brent Gargano, CFPⓇ

    Founder & Advisor, Infinite Wealth Planning

    www.infinitewealthplanning.com

    linkedin.com/in/brent-gargano-cfp®-2067b573

    ______

    Follow our socials to support the podcast; see extra clips and announcements!

    Instagram: https://www.instagram.com/moneyalchemistpod/

    X: https://twitter.com/moneyalchpod

    Facebook: https://www.facebook.com/profile.php?id=61556458987483

    ______

    Editor

    Trevor Gargano

    Trevor@nwmgadvisors.com

    https://www.linkedin.com/in/trevor-gargano-72727b67/

    ______

    Disclosure:

    The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

    Securities offered through LPL Financial, Member FINRA & SIPC.. Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.

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    59 mins
  • Running From Bears
    Aug 18 2024

    What should you do when market volatility spikes to the downside? We’ve heard to never run from a bear but lie down and play dead. The same holds true in bear markets, more or less. Ben and Brent go a few steps further on what to do. First, they elaborate on what’s behind the August 2024 spike in volatility.

    The market may have calmed down for now, but a listen might help you prepare for the next correction.

    ______

    Follow our socials to support the podcast; see extra clips and announcements!

    Instagram: https://www.instagram.com/moneyalchemistpod/

    X: https://twitter.com/moneyalchpod

    Facebook: https://www.facebook.com/profile.php?id=61556458987483

    ______

    About your Hosts

    Ben Jones

    Managing Director, National Wealth Management Group

    www.nwmgadvisors.com

    Author, www.karastick.com

    @thekaratstick

    https://www.linkedin.com/in/ben-nwmg/

    __

    Brent Gargano, CFPⓇ

    Founder & Advisor, Infinite Wealth Planning

    www.infinitewealthplanning.com

    linkedin.com/in/brent-gargano-cfp®-2067b573

    ______

    Resources:

    Economic Calendar

    https://fidelity-fcm.econoday.com/byweek?cust=fidelity

    Yen Carry Trade

    https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-08-05-2024/card/why-the-yen-carry-trade-unwind-has-further-to-go-SYsvxWxTvLGLCUsDTDM5

    First trust history of markets:

    https://www.ftportfolios.com/COMMON/CONTENTFILELOADER.ASPX?CONTENTGUID=4ECFA978-D0BB-4924-92C8-628FF9BFE12D

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    Editor

    Trevor Gargano

    Trevor@nwmgadvisors.com

    ______

    Disclosure:

    The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

    Securities offered through LPL Financial, Member FINRA & SIPC.. Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.

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    46 mins
  • Fortunes Into the Future
    Aug 2 2024

    Ben and Brent sit down to discuss how wealthy families can preserve legacy through generational gifting using strategic planning. Everyone has an estate plan, the default option usually being the worst one. It’s important to think about what impact your money will have on people after you die. It’s an uncomfortable reality to face, but a failure in doing so can cost you what would otherwise be a wonderful legacy.

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    About your Hosts

    Ben Jones

    Managing Director, National Wealth Management Group

    www.nwmgadvisors.com

    Author, www.karastick.com

    @thekaratstick

    https://www.linkedin.com/in/ben-nwmg/

    __

    Brent Gargano, CFPⓇ

    Founder & Advisor, Infinite Wealth Planning

    www.infinitewealthplanning.com

    linkedin.com/in/brent-gargano-cfp®-2067b573

    ________

    Sources:

    Estate & Gift Tax

    https://taxfoundation.org/data/all/state/state-estate-tax-inheritance-tax-2023/

    ________

    Editor:

    Trevor Gargano

    Trevor@nwmgadvisors.com

    ________

    Disclosure:

    The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

    Securities offered through LPL Financial, Member FINRA & SIPC.. Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.

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    1 hr
  • Market Seasonality: Fact or Fiction
    Jul 26 2024
    Some investors seek to cool off their portfolios by sitting on the sidelines under the shade. Is market seasonality still a thing, and what should investors do about it? Ben and Brent shed some sunlight on the old “sell in May and go away” sentiment and break down the phenomenon and the login therein. ___ Today’s Host Ben Jones Managing Director of National Wealth Management Group, LLC www.nwmgadvisors.com Author of karatstick.com Follow him on X @thekaratstick _ Brent Gargano, CFPⓇ Founder & Advisor, Infinite Wealth Planning www.infinitewealthplanning.com linkedin.com/in/brent-gargano-cfp®-2067b573 ___ Follow our socials to support the podcast; see extra clips and announcements! Instagram: https://www.instagram.com/moneyalchemistpod/ X: https://twitter.com/moneyalchpod Facebook: https://www.facebook.com/profile.php?id=61556458987483 ___ Sources: S&P 500 Chart Logarithmic S&P 500 since 1928 Ycharts May Blog https://get.ycharts.com/resources/blog/monthly-market-wrap/ Investopedia sell in May and go away: Sell in May and go away statistics Invesco: January Effect https://www.invesco.com/us/en/insights/january-effect-stock-performance.html A look at major geopolitical events https://www.carsonwealth.com/insights/blog/market-commentary-a-closer-look-at-the-stock-markets-reaction-to-major-geopolitical-events/ ___ Editor Trevor Gargano Trevor@nwmgadvisors.com ___ Disclosure: The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Securities offered through LPL Financial, Member FINRA & SIPC.. Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.
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    40 mins
  • An Insider’s View of Social Security
    Jun 7 2024

    In today’s episode, Ben Jones sits with Jim Blair, Vice President/Co-Founder of Premier Social Security Consulting, to discuss all things Social Security. Jim pulls from more than 35 years of experience working for the Social Security Administration.

    From when to file to the financial health of the program, they cast a wide net. Whether you’re about to file for your benefit or you’re just curious about how it works, this is worth a listen!

    Today’s Host

    Ben Jones

    Managing Director of National Wealth Management Group, LLC

    www.nwmgadvisors.com

    Author of karatstick.com

    Follow him on X @thekaratstick

    Special Guest

    Jim Blair

    VP of Premier Social Security Consulting

    www.premiersocialsecurityconsulting.com

    jblair@mypremierplan.com

    ___

    Questions?

    Email us at Trevor@nwmgadvisors.com

    ___

    To support the podcast, we'd really appreciate it if you follow us!

    Instagram: https://www.instagram.com/moneyalchemistpod/

    X: https://twitter.com/moneyalchpod

    Facebook: https://www.facebook.com/profile.php?id=61556458987483

    ____

    Disclosure:

    The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. James Blair and Premier Social Security Consulting are not affiliated with LPL Financial or National Wealth Management Group.

    Securities offered through LPL Financial, Member FINRA & SIPC.. Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.

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    1 hr