Dollar Wise Podcast
HFM Investment Advisors, LLC
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The HFM Advisor Team shares our experiences working everyday with clients going through life’s transitions. We provide some insights into the personal finance topics of the day and even share the mic with guests from our network of outside professionals. We love what we do and who we do it for, so we hope you enjoy getting to know us and learning some things along the way!
Available episodes
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Oldest first
Aug 1, 2023
Aging with Grace: Ensuring a Burden-Free Future through Life Care Planning
HFM is shining the spotlight on the crucial topics of elder law planning and life care planning. CERTIFIED FINANCIAL PLANNER Jason Gabrieli is joined by Brittany Tedesco, Esq. from Bratton Law Estate and Elder Attorneys, a seasoned expert in the field, guides listeners through the various aspects and timelines associated with these services. The conversation centers around the practical side of end-of-life planning and the resources available to those navigating this process, with the objective is to ease the pressure on the family and the client, allowing them to focus on their roles without worrying about technical aspects.
Tune into this episode to also learn:
* What is the importance of pre-crisis planning in elder care?
* How does the role of a Care Coordinator in an elder law firm help in facilitating the process of elderly care?
* What are the different factors considered when planning for elder care services?
What we discussed
[00:01:42] Elder law attorney offers comprehensive life care planning
[00:05:17] Life care planning involves understanding client's concerns, goals, and financial state to provide personalized care plans
[00:09:08] Seek advice for elder care and caregiver burnout
[00:10:30] Estate planning firms offering life care planning can provide peace of mind for the future
3 Things To Remember
* Elder law attorneys provide much more than just wills and powers of attorney, they can provide guidance beyond that including what they call life care planning services.
* Having a care coordinator can relieve the family and the client of a lot of pressure and make sure they can focus on being the child or the parent and not worry about uncomfortable conversations or making big decisions.
* It's good to think about these things in advance and have a plan for emergencies.
Useful Links
Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn
Like what you’ve heard…
Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite
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Jul 17, 2023
Calculating Your Optimized Social Security Formula
CERTIFIED FINANCIAL PLANNER and Registered Social Security Analyst Catherine Allen-Carlozo sits with Jack McGee to delve into the world of social security and retirement planning. They emphasize the value of informed decision-making when it comes to social security benefits and retirement age. The discussion centers around exploring various options and strategies to maximize social security earnings. Accurate income figures take the spotlight, dispelling prevalent misconceptions about social security. Tune in as Catherine and Jack shed light on these crucial aspects of financial planning on this insightful episode of Dollar Wise.
Tune into this episode to also learn:
* What factors should be considered when deciding when to start collecting social security?
* How can understanding the income figures and formulas for social security help in making informed retirement decisions?
* What strategies can be employed to maximize social security benefits and ensure a comfortable retirement?
What we discussed
[00:02:15] Social Security analysis provides informed decisions for retirement strategies
[00:05:11] Analysis can bring confidence and excitement to retirement decisions
[00:09:32] Education empowers smart decisions, debunking myths about social security's future
3 Things To Remember
* Importance of education: The more educated you are about social security, the better decisions you can make regarding retirement planning.
* Analysis and visualization: Through detailed analysis and visual presentations, you can see the actual numbers and projections, helping you make informed decisions about social security and your retirement income.
* Debunking fears and misconceptions: Addressing common concerns and myths about social security, such as it running out of money, provides reassurance and confidence in its long-term benefits.
Useful Links
Connect with Catherine Allen-Carlozo : LinkedIn
Like what you’ve heard…
Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite
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Jul 3, 2023
Rich vs. Wealthy: What's the Difference?
Although the two might be used interchangeably, rich and wealthy have two meanings in financial planning.
CERTIFIED FINANCIAL PLANNERS Jason Gabrieli and Catherine Allen-Carlozo discuss the importance of saving, building wealth, and aligning spending with financial goals. They emphasize the role of net worth and assets in achieving financial freedom, dispel the belief that wealth is only about lifestyle and consumption, and stress the significance of living below one's means and making wise financial choices. They provide examples and insights to encourage long-term wealth building and advise against get-rich-quick schemes.
Tune into this episode to also learn:
* Is income alone enough to determine wealth?
* How can you prioritize building net worth and assets?
* What are the benefits of living below your means?
What we discussed
[00:02:04] Net worth measures wealth; income indicates lifestyle
[00:04:01] Income and wealth levels in the US
[00:08:02] Income doesn't matter, spending does
[00:11:58] Building wealth takes time and consistency
[00:13:45] Choices and investments lead to financial freedom
3 Things To Remember
* Building wealth is not just about earning a high income, but also about saving and managing your finances effectively
* Net worth is a key indicator of wealth, measuring the value of your assets minus your liabilities
* Financial freedom varies for everyone, and it's important to live below your means and make wise financial choices to build wealth over time
Useful Links
Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn
Connect with Catherine: LinkedIn
Like what you’ve heard…
Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite
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Jun 15, 2023
Gold For The Long Term?
On this episode of Dollar Wise, Jason Gabrieli and Catherine Allen Carlozo dive into the topic of gold as an investment. Recent events like COVID-19 and stock market fluctuations have made people lose faith in their sources of security, leading to increased demand for gold investment. However, investing in gold should only be done with moderation and should be evaluated in terms of where it fits into an investor's portfolio and long-term goals. They also discuss the risks and benefits of investing in gold, as well as its performance in the short and long term. Ultimately, listeners are urged to seek advice from a qualified tax, legal, or investment advisor to determine whether investing in gold is appropriate for their specific situation.
Tune into this episode to also learn:
* Is investing in gold a good idea?
* Should gold make up a large percentage of a long-term portfolio?
* What are some important things to keep in mind when investing in gold?
What we discussed
[00:00:54] The allure of gold: Tangible, yet its value fluctuates
[00:04:06] The perception of gold as a safe haven: Short-term value, long-term limitations
[00:08:36] Gold ownership involves moderation and diversification within a long-term portfolio
[00:11:36] Diversification is key, including understanding gold's role in a portfolio
3 Things To Remember
* Recent events such as banking system failures, COVID-19, and stock market fluctuations have led to uncertainty, causing people to lose faith in their sources of security
* Gold should only make up a small percentage of a long-term portfolio, especially for retirement
* It's important to avoid getting distracted from a long-term investment plan by short-term trends in the market, such as rising interest rates or fluctuating bank accounts. Additionally, buying and storing gold is expensive and risky, and commission rates and taxes for selling gold are high. Investing in ETFs or keeping it simple may be a better option
Useful Links
Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn
Like what you’ve heard…
Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite
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Jun 1, 2023
Contingency-Free Real Estate: How Anyone Can Become A Cash Buyer
The real estate market is as competitive as ever, even for the most qualified buyers. And if you’re like most people and need to place contingencies in your offer, such as needing to sell your home first or getting approved for a mortgage, the seller would incur greater risks with you and so they would likely choose a cash offer instead.
Thomas Bickett from AnnieMac Home Mortgage joins Jason to discuss how anyone can become a cash buyer with their Cash2Keys Program, a game-changing solution that empowers buyers to secure their dream homes with confidence.
Tune into this episode to also learn:
* Will 2008 repeat itself?
* Why sellers keep rejecting your offers
* How to make an offer a seller cannot refuse
What we discussed
(00:31) Buying a single family home
(02:34) Why sellers don’t accept conditional offers
(03:08) Are we in a real estate bubble?
(04:56) Are interest rates too high?
(05:48) How anyone can become a cash buyer
(10:16) How Cash2Keys works
3 Things To Remember
* Reasons the real estate market is nothing like 2008: (a) people are overqualified for their mortgages rather than underqualified, and (b) there is more demand than supply.
* Using the Cash to Keys program, you can buy a new home without any contingencies. You can buy a new home now and sell your existing home later.
* Here’s how cash to keys works: get prequalified → cash to keys buys your house and helps you put in a cash offer that stands out → you buy it back from cash to keys as soon as you’re ready
Useful Links
Cash to Keys: Cash2Keys | Thomas Bickett (annie-mac.com)
Thomas Bickett: LinkedIn | Phone: (856) 375-8679
AnnieMac Home Mortgage: https://thomasbickett.annie-mac.com/
Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn
Like what you’ve heard…
Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite
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May 15, 2023
Making College Count: Calculating the Long-Term ROI of Your Education
Summary
College is one of the biggest investments a
family might make. But, most families jump in head first without understanding
the true cost of college or calculating the potential return on investment.
This episode is about how to make wise investment decisions when it comes to
your child’s education, the resources available to parents and students, and
alternative options besides college.
Tune into this episode to also learn:
* What you should consider to narrow down a list of right-fit colleges for your child
* Find out what college will really cost you
* Alternative learning paths besides college
What we discussed
(00:37) What do college admissions companies do?
(04:36) Is college a wise investment?
(07:42) Signs college is not a right fit for your child
(14:04) Calculating the real cost of college
(18:27) Colleges with generous financial aid
3 Things To Remember
* Before deciding if college is a wise investment, you first need to identify the purpose you want college to serve in your life and career. What skills are you trying to acquire? What career are you trying to get into? Answer these questions then work backwards.
* College is not for everyone, there’s a reason only 50% of college students end up graduating. You can find gainful employment without college such as attending a trade program.
* There are colleges like Georgetown that will cover a family’s full financial need through financial aid packages as long as the student is admitted.
Useful Links
Best cost of college calculator (EFC calculator): https://finaid.org/calculators/finaidestimate/
Net price of college calculator: https://collegecost.ed.gov/net-price
Connect with Donna Baines: LinkedIn | Website
Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn
Connect with Tyler Reedman: LinkedIn
Like what you’ve heard…
Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite
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May 1, 2023
Finding Opportunities in the Chaos: Why You Should Invest During Market Volatility
2022 was a rough year for investors. And when the market becomes challenged, people begin to feel intimidated and might look to put their money elsewhere. And yes, investing involves risk, but don't stick your head in the sand and think relying on bank interest will be enough to reach your goals because, historically, you will lose to inflation over the long term. Jason and Tyler review market turbulence, past market performance and what those investments would be worth today.
Tune into this episode to also learn:
* How to beat inflation
* The right way to calculate how much you’re really making from your investments
* If it’s worth investing in the market in 2023
What we discussed
(00:35) Greatest wealth creator of all time.
(01:16) Excuses people make for not investing.
(02:30) Will the market ever go back up again?
(05:11) The right way to keep up with inflation.
(06:22) Real return vs. nominal return.
(07:48) Who causes inflation?
(08:46) Is this a good time to invest?
3 Things To Remember
* Beating inflation isn’t necessarily a year-to-year thing. You have to view beating inflation with a long-term mindset. The market may or may not beat inflation in a given year, but over time, the market usually crushes inflation. It’s the market’s job to beat inflation.
* If you keep money in cash or bonds, you would likely lose out to inflation in the long term, even with the interest you made. Not all interest keeps up with inflation.
* Before slowing your investment activity, ask yourself: are the market changes we’re experiencing outside the scope of what we expect from the market? If the answer is no, keep investing.
Useful Links
Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn
Connect with Tyler Reedman: LinkedIn
Like what you’ve heard…
Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite
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Apr 15, 2023
Let’s Talk About Cash
With recent banking collapses and interest rates still at recent highs, understanding the right place for your cash is more important than ever. In this episode, we discuss different options for cash while maximizing its value and protection. We’ll explore alternatives to bank accounts like money market funds and treasury bills.
By comparing various cash management strategies, you'll gain insights into the most effective ways to safeguard your wealth in uncertain times without sacrificing growth potential.
Tune into this episode to also learn:
* Options for how to store your cash
* How to maximize your money while maintaining a cash position
* Pros and cons of money market accounts and treasury bonds
What we discussed
(00:31) Should you keep physical cash?
(02:50) Is your money safe at a bank?
(03:54) Are treasury bonds worth it?
(07:47) What are money market mutual funds
(11:05) The best bang for your buck
3 Things To Remember
* Inflation risk is real; holding physical cash leads to loss of purchasing power over time.
* If you sell your bond before maturity, you might lose money due to interest rate fluctuations. If rates rise after you buy the bond, newer bonds would typically offer higher returns, making your older, lower-yielding bond less attractive. Consequently, the value of your bond decreases, and selling it before maturity could result in a loss.
* Bond funds can be a simpler way to invest in debt instruments, balancing stocks in a portfolio.
Useful Links
How to purchase treasury bills: Treasurydirect.gov
Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn
Connect with Tyler Reedman: LinkedIn
Like what you’ve heard…
Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite
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Mar 15, 2023
Why Stock Market Predictions Are Worthless
Summary
You’ve probably clicked on an article or watched a video predicting how the stock market will perform - but are they ever right? We examine some predictions from top financial institutions like Goldman Sachs, JP Morgan, and Bank of America for 2022 and how they actually turned out and discuss whether it ever makes sense to make investment decisions based on predictions or forecasts.
Tune into this episode to also learn:
● Why stock market predictions are (almost) always wrong
● How recency bias affects financial forecasts
● How using market performance predictions to guide your investing can derail your finances
What we discussed
(00:31) 2022 stock market predictions vs. reality
(04:11) How inflation is affecting 2023 stock market predictions
(05:43) Why you should ignore market projections
(09:25) How stock market predictions can cause permanent damage
3 Things To Remember
* Recency bias makes it very difficult to accurately predict the future. Even the largest financial institutions don’t predict market performance well. For 2022, most financial institutions were at least 25% off.
* A recession can happen, but it doesn’t mean you have to change how you invest. Sure, it’s uncomfortable, but statistics tell us that markets are down 1 every 4 years.
* Your emotions will shift between a fear of realizing loss and a fear of missing out. Recent events will skew that shift. Recency bias is one of the strongest biases that come with investing.
Useful Links
Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn
Connect with Tyler Reedman: LinkedIn
Like what you’ve heard…
Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite
Memorable moments:
Why we seek stock market predictions:
(05:14) “When we don't fully understand something or we don't fully have a feeling like we can handle this on our own, we look for someone who has it all figured out. It's part of our biology, it's part of our physiology, and the way our brains work. We want to anchor to someone that has it all figured out.”
(07:55) “It's that constant battle between the fear of realizing loss and the fear of missing out, and it shifts between which one is stronger in our lives.”
Why ignore stock market predictions:
(06:13) “ no matter what you're watching on the news or reading online, you have to remember whoever wrote that piece, whoever's hosting that show or putting on that podcast or whatever, they don't know your personal situation. They don't know where your goals are for your money. They don't know what your time horizons are for your investments. They have no idea. They're just putting information out there trying to get eyeballs.”
(07:19) “Statistics tell us the market's gonna be down 1 every 4 years, so you just have to be willing to stay in it and let it do its thing.”
(09:05) “When somebody goes on...
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Feb 1, 2023
How Much Are You Ready to Lose from Your Insurance Policy?
It can be quite tempting to pick a fast and inexpensive car or home insurance provider online and call it a day…but, what are the risks? We discuss what your car or home insurance should cover, so it doesn't cost you down the line and end up being an expensive mistake. Shayna Carnevale from Comparion Insurance joins us to shed light on what really makes up safe and legitimate auto insurance and homeowner’s insurance.
Tune into this episode to also learn:
* What your car and home insurance should cover
* What you might misunderstand about car and home insurance policies
* Why not to buy car and home insurance online
What we discussed
(00:36) Protecting your home and car
(01:23) Cheap car insurance: what’s the catch?
(03:40) What’s an umbrella insurance policy? OR Insurance you need if you have more than $500K
(05:38) Danger of buying your home insurance online
(09:30) Why compare different insurance providers (Comparion Insurance Agency)
(12:11) How to reach Shayna Carnevale
3 Things To Remember
* To determine how much car insurance is enough ask yourself: how much money can I stand to lose in a lawsuit? A large car-related lawsuit can push you to lose your home if you have coverage that’s too low, so it’s important not to just select the cheapest car insurance option
* One of the main coverages your homeowner's insurance needs to have is a large sum of money allocated for the rebuild of your home in the unfortunate event of a total loss. This will be the largest amount in your policy, if you read through the declarations page of your policy this number will jump at you.
* The rebuild estimate of your home is not the same as the market value of your property.
Useful Links
Connect with Shayna Carnevale: Shayna.carnevale@comparioninsurance.com | https://www.comparioninsurance.com/
Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn
Connect with Tyler Reedman: treedman@hfmadvisors.com | LinkedIn
Like what you’ve heard…
Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite
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Jan 15, 2023
5 Things You Need to Know About Secure Act 2.0
You’re probably not going to read the Secure Act 2.0’s ~100 provisions, so we’re telling you the top 5 things you need to know about it even if you’re not retiring. The act is being phased into implementation from 2023 - 2033, we’ll let you know the key dates you need to keep in mind.
Tune into this episode to also learn:
* How the Secure Act 2.0 will affect you
* When key aspects of the Secure Act 2.0 will go into effect
* What you need to know if you aren’t retiring soon
What we discussed
(00:31) Secure Act 2.0: what you need to know
(02:02) You must withdraw retirement money by THIS age
(05:16) New catch-up contribution limits
(08:30) Roth catch-up contribution (more tax free growth)
(11:54) Moving money from 529 to Roth IRA (in 2024)
(14:46) Changes for people not near retirement
(17:49) Pay student loans, get a 401K match
(18:36) Long-term care and military distributions
3 Things To Remember
* You will have to take money out of…
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Dec 15, 2022
The Return of the 3% Interest Savings Account
It’s stressful when interest rates go up - you can afford less and your home and car payments go up. But, there is a way to use high interest rates to grow your cash and net worth. We discuss how to make high interest rates serve you rather than scare you.
Tune into this episode to also learn:
* Should you put money in an online bank?
* Best way to protect yourself against inflation
* How to increase your cash in the short term
What we discussed
(00:41) The plus side of high-interest rates
(03:13) Free money from your bank (guaranteed)
(04:49)Which pays you more? (online banks vs. traditional banks)
(05:45) Online banks with the highest savings rates
(08:25) Should you put all your cash in an online bank?
(11:31) Inflation vs. the stock market
3 Things To Remember
* When interest rates go up, savings rates go up too
* When picking an online bank to park your savings consider the following: savings rate (how much the bank will reward you for p…
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Nov 15, 2022
4 Tips to Better Position Yourself In This Bear Market
You already know that markets are declining so much that we are in bear market territory. But, what’s the right thing to do? Stop investing? Sell the stock you have? Will the market come back soon?
We answer the key questions on your mind about the 2022 market crash and share 4 ways you can make and save money during this market downturn.
Tune into this episode to learn:
* Tips to grow your money when the market is down
* How to unlock 10 years' worth of tax savings
* The worst thing you can do when the market is down
What we discussed
(00:48) Will the market recover?
(02:25) “I don’t have time to wait for the market to recover” OR "How long does it take for bear markets to recover?"
(04:11) 4 tips to make and save money when the market is down
(04:11) Tip 1: tax loss harvesting
(07:04) Tip 2: Roth conversions
(08:54) Tip 3: rebalancing
(10:52) Tip 4: what to do if you have cash right now
(13:38) NEVER do this when the market is down
3…
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Oct 15, 2022
Should You Join A Credit Union Instead of A Bank? With Daniel Sulpizio
You’ve probably heard about credit unions before. But, do you know what they are and why you’d ever join one instead of a traditional bank? That’s what we discuss with Daniel Sulpizio in this episode. Find out how a credit union can potentially save you a lot of money and make your finances simpler and more streamlined.
Daniel Sulpizio is the Executive Vice President and Chief Operating Officer at First Harvest Credit Union
Tune into this episode to learn:
● The difference between credit unions and commercial banks
● How you can save money by joining a credit union
● Why offer credit union membership as a corporate benefit
What we discussed
(00:31) Who is Daniel Sulpizio?
(01:33) What’s the First Harvest Credit Union?
(02:12) What’s a credit union?
(04:04) Why using a credit union might be better for you
(06:51) Opening an account at a credit union vs. a bank
(07:37) Should your company offer credit union membership a…
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Oct 1, 2022
How To Start Investing In Real Estate (Realistically) with Frank Anastasi, CPA
What is real estate investing actually like? How much does it really cost to start? What do you need to know to create a lucrative deal? Learn from a real estate investor and CPA Frank Anastasi, who started investing in properties in 2020 and now has the real estate business down to a science. Get a realistic point of view that you won’t find on google.
Tune into this episode to learn:
● Exactly how much money you need to become a real estate investor
● What to look for when evaluating a real estate deal
● Who can lend you money (that you haven’t considered)
Timestamps
[00:34] Who is Frank Anastasi?
[00:53] How he started becoming a real estate investor
[03:16] Top 3 real estate investing questions
[03:57] How much cash do you need to start investing in real estate?
[05:57] How to evaluate your first real estate deal
[12:00] What does it mean to keep your cash in the deal?
[12:45] Who lends you money when you take cash o…
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Sep 15, 2022
2022 Has Been a Tough Year for Investors - Overcoming the Physical Toll of Stress
We have become constantly stressed. We are no longer in fight or flight mode just at the gym, we are in fight or flight mode just before bed. Stress is depleting us and taking away our ability to make the most out of our bodies for the rest of our lives. Mike Blaylock and Jason discuss how you can stay fit and active for the rest of your life by doing simple things like learning how to breathe better.
Mike Blaylock is a fitness coach and the owner of Barn Strength and Conditioning.
Tune into this episode to learn:
* How to get out of the everyday pain you now dismiss as normal
* How the way you experience gravity changes your body
* How to stay active your whole life
Timestamps
(00:40) How is a finance coach similar to a fitness coach?
(02:06) The exhaustion of fight or flight mode
(06:54) Learning how to breathe is step 1
(11:34) The effect of gravity on your body
(12:37) Your body is heavier on the right. What does this mean for you? OR Why are most peo…
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Aug 15, 2022
How To Claim Social Security Without Losing Money with Martha Shedden
Social security might be your largest asset in retirement, but how long will it last? And how can you increase the amount of money you receive when you retire? When you don’t know what you’re entitled to, you might be leaving more money on the table than you think. Catherine from HFM Investment Advisors and Martha Shedden, a social security expert and educator, have a conversation about what you must know about social security so that you can get as much money as possible during retirement.
Martha Shedden runs Shedden Social Security to help retirees maximize the amount of social security they receive. She is the co-founder of the National Association of Registered Social Security Analysts.
Tune into this episode to learn:
* How much money you would lose by claiming social security too early
* Whether social security will be discontinued in the future
* Why you should discuss survivor benefits with your spouse
Timestamps
[00:40] Who is Martha Shedden?
[03:48…
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Jul 15, 2022
I Bonds Paying 9.62%... What's The Catch?
Right now, I-bonds present an extremely attractive 9.6% rate of return. So, how come we never hear about I-bonds? Learn why I-bonds are currently popular, how to buy them, and whether your should in this snappy episode of the Dollar Wise Podcast.
Tune into this episode to learn:
* How much money you can make by investing in I-bonds
* Pros and cons of buying I-bonds
* Whether you should use your emergency fund to buy I-bonds
Timestamps
[00:32] Episode overview: I Bonds
[01:23] Why are I Bonds popular right now?
[02:43] Are I-bond returns guaranteed?
[04:35] How much I-Bonds can you buy?
[05:21] How long is your money tied up for when you buy I-bonds?
[06:51] What are I-bonds good for? Reasons to buy I-bonds.
[09:30] How to buy I-bonds.
3 Key Highlights
* I-Bonds are purchased from the US government. You can buy them from treasury.gov. Their interest rate is pegged to inflation. This is why they are popular right now with inflation running just o…
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Jun 15, 2022
The 5 Things You Need To Survive A Bear Market
We have officially entered a bear market. In this episode, Jason and Tyler discuss the 5 things you need to do to survive and thrive in any bear market. They discuss how long it will take for the market to recover, what can diminish your returns in a bear market and how to avoid it, what your mind is like in a bear market, and the main thing you have to know before changing any of your investments.
Tune into this episode to learn:
* How checking your investment accounts directly affects your gains
* The best way to invest in every market
* How long it will take for the market to recover
Timestamps
[00:39] Episode overview: What’s going on in the stock market?
[01:33] Is there something we could have done to avoid a bear market?
[02:26] The worst time to figure out your risk tolerance.
[07:04] “I don’t have time for the market to recover”
[08:20] How not diversifying can kill your returns (examples).
[13:30] How often you should check your invest…
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May 15, 2022
Should you buy a home now or wait for prices to drop?
In this episode, Jason Gabrieli and Tyler Reedman discuss whether it’s a good time to buy a home given rising home prices. Most of us have a tendency to overanalyze our homebuying decisions and ultimately treat homebuying as an investment. In the conversation, they explain why you shouldn’t treat homeownership as an investment and they provide better metrics that help you decide whether it’s a good time for you to buy a home.
Tune into this episode to learn:
● How to decide whether or not to buy a home in this market
● Whether home prices will fall and how they have fallen in the past 35 years
● Why buying a home can help you beat inflation long-term.
Timestamps
[00:49] Episode overview: homeownership
[01:07] Is it a good time to buy a house?
[02:46] Should you buy a house even if interest rates are high?
[06:56] The BEST hedge against inflation for average Americans.
[08:45] Should you wait for home prices to drop be…
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Apr 15, 2022
How to Save Money When Buying a Car in Today’s Expensive Market
Ex-car dealership owner Tom Reedman joins Jason to discuss the state of the car industry these days. They discuss why car prices are unbelievably high at the moment, the secret to getting a good price for a car even when they’re really expensive, what to make sure to negotiate when you’re closing on a car at the dealership and what isn’t worth negotiating, and many other car buying tips straight from an ex-car dealership owner.
Tom Reedman operated his family business Reedman World Center. He had a 55-year professional career in the automotive industry, 30 of which were spent in the family business. The Center was accredited by the Philadelphia Inquirer as the original mall concept of selling cars. His uncle started Reedman World Center after World War II and was a pioneer in the automobile business. Reedman World Center was sold in 2004 and it became Reedman Toll Auto World.
Tune into this episode to learn:
* Whether you should lease your new car
* Why vehicle pri…
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Oct 1, 2021
Can Someone Really Steal the Title to My House? With John Friedman, Esq of First American Title
Title professional and attorney John Friedman, joins Jason to discuss if the title to your house can really be stolen. Buying a property can be the biggest investment you make. It is therefore only natural that you would want to make sure that your title to your house is fully protected.
John Friedman is a New Jersey State Council at First American Title.
Tune in until the end to learn:
* Why it is not easy (but possible) for someone to steal the title to your house.
* What happens to you if someone steals the title to your house.
* What you can do to fully protect yourself from having the title to your house stolen.
Timestamps
[00:30] Who is John Friedman, Esq.?
[00:53] Have you heard the ads about the title of your house getting stolen?
[01:33] The protections in place that prevent people from stealing the title to your property.
[02:33] Can your property get stolen despite the protections in place?
[03:39] What happens if someone actually gets a…
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Sep 1, 2021
Common Mistakes People Make When Starting Medicare with Bill Webb from Saratoga Medicare Advisors
Bill Webb returns to the podcast to dig into some basic mistakes people make as well as upcoming deadlines with respect to Medicare and then dive into a question we get all the time from clients getting to Medicare age: what is the difference between Medicare Advantage and Medicare Supplement? Bill and Jason explore some questions to ask yourself when you’re considering which is right for your situation.
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Aug 1, 2021
Smartly Claiming Social Security with Mary Beth Franklin
When planning for your retirement one of the most important decisions to make is when to claim Social Security benefits.
Make the wrong decision and you can lock in a loss for the rest of your life.
Make the right decision and you may help secure the lifestyle you desire.
Today’s very special guest is Mary Beth Franklin, author of “Maximizing Social Security Retirement Benefits”. A nationally known speaker, Mary Beth shares her vast knowledge and helps people navigate through the social security maze to find the right income solutions with clear and simple advice.
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Jul 15, 2021
Navigating this Crazy Real Estate Market with Devin DiNofa from TCS New Jersey
Jason Gabrieli is joined by Devin DiNofa, a partner at TCS New Jersey with Keller Williams Realty. Devin’s expertise spans both the Philadelphia and South Jersey markets and in this episode we get into navigating today’s real estate market, which has just exploded since the onset of the COVID pandemic. Devin provides some tips for buyers on how to make your offer standout from the likely dozens of others and for sellers, how to determine the most solid offer – hint.. it’s not always as easy as just going with the highest bid!
If you’re interested in learning more about Devin and TCS, you can find him on Facebook, LinkedIn, and Instagram @Devin_DiNofa
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Jul 1, 2021
Are Solar Panels A Wise Financial Decision For Your Home or Business? with Kevin Davis from Spotlight Energy Solutions
Jason Gabrieli speaks with Kevin Davis from Spotlight Energy Solutions all about the considerations to make when evaluating adding solar to your home or business as well as how the various incentives work and how things have changed over the years. Spotlight has been in business for 34 years and have their roots in providing quality electric work for their customers, eventually growing into a specialization in green energy solutions like solar and electric vehicle charging. Listen to the end, when we get into some of the ancillary benefits of solar, beyond the “free electric bill” that most people think of when they think solar. Kevin and his team can be contacted at https://www.gospotlight.co/.
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Jun 1, 2021
Protecting Yourself Financially In Post-COVID World with Tim Guim
Jason Gabrieli is joined by technology and cybersecurity expert Tim Guim, President and CEO of PCH Technologies. They discuss the new threats that have emerged since the COVID pandemic over the last year and how some of the more prominent scams for the average person may be far more personal than a “hacker” finding your password. Tim will provide some practical ways to protect yourself and a quick look into the future of cybersecurity in the US.
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May 15, 2021
How Much Cash Should You Hold In Your Bank Account?
Jason Gabrieli and Tyler Reedman get into some of the purposes for your overall financial plan of holding cash, review some concepts on how to set your “cash comfort” level, and discuss some ideas and strategies for what to do with excess cash. This is a question we’ve been getting more and more, especially since many people ended up spending a lot less than normal over the last year or so staying home, as well as paying down some debt, or maybe even selling a property or a business. It’s important to understand how to determine the “right” amount of cash for your personal situation and when it might make sense to look to invest cash in pursuit of your mid and longer term goals.
Like what you’ve heard…
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May 1, 2021
Will your retirement be a purposeful journey or watching the grass grow?
Many of our clients believe a big part of their identity and purpose is their job or career. When they get closer to retirement, it may be the first time they think about what they want to do versus what they had to do while working.
Join Jason Gabrieli and Catherine Allen-Carlozo as we discuss what our clients are doing to prepare and transition for the next chapter of their lives aside from the financial aspect and exploring new ideas to enjoy freedom of their time without the guilt.
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Apr 15, 2021
Current State of Student Loans and Ideas To Consider
Tyler Reedman is joined by Jason Gabrieli on this episode where they dive into the current student loan situation in the US, how COVID policies have affected repayment for borrowers, and some important considerations to make when deciding on your own strategy for paying back your loans.
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Apr 1, 2021
One Year After Lockdown – Why It Pays to Be An Optimistic Investor
Jason Gabrieli and Tyler Reedman take us back to March 23, 2020. The world seemed to be paralyzed by the spread of the COVID pandemic and stock markets around the world experienced one of the fastest drops in history. No one knew it at the time, but that day would be the “market bottom” and we would see the greatest 12 month period return since the Great Depression recovery. They discuss the prevalence of pessimism in the financial world and how optimism about the future can be the most powerful element of your investment philosophy.
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Mar 15, 2021
Taking Control of Your Finances as a Young Adult
Young professionals listen up… Managing your finances (like really having to manage them for the first time) can feel like a juggling act. You may be graduating from college, starting your career, developing a budget, figuring out how to get out from under those student loans, investing in a 401(k), buying your first home… the list goes on and on. If you’re curious about any of these topics, in this episode Jason Gabrieli and Tyler Reedman explore personal finance, specifically as it relates to young adults or anyone wanting to start out on the right foot.
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Mar 1, 2021
Maximizing Independence and Quality Of Life When Planning For A Loved One’s Care with Casey Price
Attorney Casey Price’s own family knew his grandmother needed help when the “meatballs tasted funny”. In this episode, Casey shares with Jason Gabrieli the role of Elder Law Planning in ensuring loved ones get the level of care they need and protect the assets they spent a lifetime building, while retaining their independence and quality of life as long as possible. Whether you’re planning far in advance or sitting in the hospital discharge waiting for your loved one to be moved to a care facility – all is not lost and there is almost always something that can be done. Casey’s firm, Price & Price (www.pricelawpractice.com), specializes is helping families with Elder Law and Estate Planning and Administration.
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Feb 15, 2021
Is The Stock Market Rigged Against The Everyday Investor?
With all that’s gone on in the stock market over the last couple of weeks, investors may be feeling that that investing in stocks is just gambling or that the market is some-how rigged against the everyday investor. On this episode, Jason Gabrieli and Catherine Allen-Carlozo talk about what’s causing this sentiment, discuss in plain English how “the market” works, and provide some historical context to remind of us the immense wealth creation power of diversified stock investing over the long-term.
Link to Ben Carlson’s Blog Article: https://awealthofcommonsense.com/2021/02/how-the-stock-market-works/
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Feb 1, 2021
Should I Invest Cash at Market All-Time Highs?
Jason Gabrieli and Catherine Allen-Carlozo dive into a common question we get from our clients when markets are at all-time highs: Should I invest a lump sum of cash now? Investors’ minds tend to play games with them when it comes to investing a lump sum of cash – is it the right time, is there a better time, how much risk am I taking, etc. We discuss some of the historical context around investing cash into stocks at “all-time highs”, as well as some considerations to make when considering such an investment.
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Jan 15, 2021
Where Should Your Robinhood Account Fit Into Your Financial Picture?
Jason Gabrieli and Tyler Reedman dive into the pandemic rise of trading apps like Robinhood and some ideas to think about when considering how that fits into your overall financial picture. They review the differences between day-trading (or “stock-picking”) and investing in a diversified portfolio and provide some context into when and where it might be appropriate to use each strategy.
Like what you’ve heard…
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Dec 17, 2020
Helping Your High School-Age Child Find Their Right-Fit College with Donna Baines
In this episode, Jason Gabrieli speaks with Donna Baines from Baines College Consulting, LLC. She provides some insights into the mistakes families make when preparing for college and how to avoid them. Donna works with students and their families to reduce the fear and stress of navigating college admissions by providing individually-tailored guidance that helps them tackle the overwhelming tasks of identifying, applying for, and funding their college experience.
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Dec 1, 2020
Navigating Divorce With Preparation and Mindfulness with Alexandra Rigden
Jason Gabrieli talks with Alexandra Rigden, a Family Law attorney at Cooper Levenson in Cherry Hill. Alexandra discusses some of the common misconceptions about divorce, how to properly prepare for the process, and some good tips for keeping yourself emotionally and mentally strong throughout.
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Nov 15, 2020
How To Use The Target Date Fund In Your 401k
Jason Gabrieli and Michael Pallozzi discuss one of the most prevalent investment options used in most people's 401ks - Target Date Funds. We explain what they're all about, how to use them properly in your 401k, and when it makes sense to use something else.
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Nov 1, 2020
Why Use A CPA? with Meggan Ciaccia
Whether you're a business owner, employee, or even unemployed - filing a tax return is something we all need to do. In this episode, Catherine Allen-Carlozo speaks with Meggan Ciaccia on the value of building a relationship with a CPA who can get to know your situation and can help you avoid costly mistakes.
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Oct 22, 2020
What Could the Presidential Election Mean For Your Investments?
Jason Gabrieli and Tyler Reedman explore some of the biggest themes we are hearing from investors regarding the election and review a blog article from A Wealth of Common Sense - Don’t Mix Your Politics With Your Portfolio. We put things in historical context of the market ups and downs of previous presidential terms and discuss some questions you should be asking yourself if you're considering making a a change in your investment portfolio based on the election outcome.
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Oct 1, 2020
Why Should I Be Planning for my Long Term Care Needs? with Jill McNeil
HFM Advisor Catherine Allen-Carlozo speaks with Jill McNeil from LLIS, a Long Term Care Specialist about the considerations that should be made when planning for your retirement health care needs, including the potential need for long term care.
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Sep 1, 2020
65 This Year? Let's Talk Medicare... with Bill Webb
Turning 65 means it's time to think about Medicare and how exactly it'll fit into your overall financial situation. In this episode, we interview Bill Webb of Saratoga Benefit Services to layout the basics of Medicare, understand the considerations you should be making, and how to determine whether an Advantage Plan or Medicare Supplement plan is the right fit for you.
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Aug 1, 2020
The Future of Higher Education and How To Get Ahead with Dr. Fred Keating of RCSJ
We are joined by the President of Rowan College South Jersey, Dr. Frederick Keating. He shares some fantastic insights into the direction of the higher education field (pre- and post-COVID) as well as his thoughts on how to best position yourself for an academically and financially optimal college experience. If you're a parent or grandparent of an aspiring college student, you will not want to miss this conversation!
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Jun 22, 2020
Your 18-26-Year-Old May Need Some Estate Planning with Laura Ergood
HFM's Catherine Allen-Carlozo talks with her friend Laura Ergood, an Estate Planning Attorney in Cherry Hill, NJ. So often we think of Estate Planning only as something that we need to consider as we age, but they'll discuss the nightmare scenarios you can avoid with your young adult children that can be avoided with the right documents.
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Jun 1, 2020
The Hidden Cost Trap of Medicare
In our first ever podcast, the HFM Advisor Team explores a recent article about the hidden cost that can affect Medicare participants, especially in the first couple years of retirement.
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